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NEW YORK HERALD, WEDNESDAY, APRIL 1, 185%, ‘Great Briain, VOLUNT4RY CORRESPONDENCE, containing tmpor- ie nu guaran ot amid dw Pe OORRRSPORDENTS AnD Paces- RE PRINTING seed seidh meatness, shenpnese and des 4D VER TISEMENTS renewed ovey day. BOWERY FERATRE, Bowery—Dick Tancrron—Tue Coaonmax amp Hemnsss -Ove G11—Paxssovren Durcuman. BURION'S NEW THEATEE. Broadway, opposite Bondsi. ‘Wau Sraser—Beirs or rvs Hovss WALLACK'S THEATER, Broadway—Oau Lis—Ost ror 2 Beumsy BADAA EEENE’S THRATRE G4 Boos—Tuz Kives, ox tus Starve Barve, BABFUM'S AMERICAN MUSEUM, Broadway—Afier- eee and Bvening—Dovweis Ficzp fee @BO. CHRISTY AND WOOD'S MINSTRELS, 444 Broad- war—Erworus Pusroamaxces—Tus Weppixe. BUCKLEY'S SERENADERS, 065 Brosdway—Brworux (Papen nsvcer—O1n Foixs Concant. MECHANICS’ HALL, roadway —: 5 eo iscaran Onisautse—or Buyin tinseaias ine ———S Oe New Verk, Wednesday, April 1, 1857. Broadway—Bisox = (Gate port this for Liverpool ‘Mme European mails will close in this city at a quarter (pam ten o’clook in the morning. Notice to Advertisers. ‘Thcee advertisements left at eur offive after eight @ clock om Monday evening will be found in the Hazai» @f \hie morning, having been crowded out of yesterday's @diion. It iste be hoped ibat the busuess public will mot fai) to band im their nolices intended for the next ‘morning's paper before eight o’ciook ja the evea:ng. The News, it will be seen by 2 communication published in Se money articl: of this day’s paper that the Mich + gan Southern Railroad Companyjbave been detected im another large iteu: of stock. It does not yet appear whether it is aaloverissue or not, bat it is shown that several thousand shares of new stock have been privately issued and “put upon the mar- ket. Just before the payment of the February divi- end a new issue of four thousand shares leaked out, and was afterwards acknowledged by the company. ‘We have now another issue of about five thousand sbares, the whole of which has, no doubt, been put wpon the market at prices considerably above those mow current. As extraordinary as this may appear, ‘we sre not at all astonished, but are prepared for many more operations of the same so:t. We are surprited at nothing under the present system of vailroad financiering. We have a report from New Orleans to the effect that our government is to acquire the Isthmas of ‘Tehsantepec in consideration of $15,000,000. In- formation has reached Washington of tie opening of the carriage road across the Isthmu:, and it is said that the Postmaster Geuera’ wi'l soon make arrangements for the iransporta‘ion of the Pacific mails by that route. Yesterday morning 4 river thie’, kaown #+' « alias Snakey, was found dead in a row boat at tic end of pier No. 24 East river. He was shot in the eye, the bullet 'odging in the brain. He must have been ebot by some person while at‘emoting t get op voard a vessel. During the day « man calling ry, himself Willians was bought to the bospital with a wound in his throat, which he sid wes caused by « bullet, fired by some person to him unknown in the street. He died lest night at the hospital, and the police have identified him as being a river thief named Kelly. It seems there must have been a fracas in which these two thieves were fatally wounded. It was reported late jest night that the watchman who sbot them had given himself up to the Coroner. To-day thie mys serious matter will be fully investigated. The trial of the Rev. Isaac T. Kalloch, of the Baptist church, for adultery, which bas created « greet excitement in the religious circles of Boston and vicinity, was commenced in the Court of Com- mor Pleas at East Cambridge yesterday. We have 2 fal! report of the case, which want of space com- pels ns to defer. Sir A. Baunerman, (.overnor of the Rabamas, in bis recent message to the Legidature made some most serious charges against American ebipmas- ters trading to the islands. He assert that some of them—there are honorable exceptions—are #0 utter- by unworthy of the confidence placed in them that they secretly agree with the wrecker: for a share of the salvage, and then rus the verse! and cargo to wreck. The Governor mmends some effectual @beck for this crime, which is very borrible, if pra» ised. ‘The eubject of the extensive seizure of wines and brandier Jately made by the Custom House officers, on the grounds of their veing impérte! under frandolent invoices, has not yet been brorgh: before She United States authorities. We undersiend the! ‘She matter is stil! in abeyance, and teu one of tn merchants whose goxds have been tha’ impeded p ‘Baer transi: hes commenced a c'vi action aga ‘the Collector of the port for damages eu:tained by whe delay Late accounts from New Mexico reprewent tb Indians a very hostile. The Mexicans and Indien« head had several battles. It was reporte 1 that Judge Happin, James Lacas, James Hulbe!’, and two other Americans, Lad been killed yew steamship Clyde, Capt. Mickle reid, arrived at thie port yesterday from Glasgow, whence she sailed on the ‘th ult., with seventy paw ~engere mg ‘be entire passage. eorge N. Sanders wae Naty yesterday sworm in a dge Betts, of the t Agent before. nied Btates re” the St. Nicbols Beard, bere rocon Ac veduct Sore repored in the Henavn, a terdict was ren: | dered yeser te, subject to the jon of ne Cowt. Fs » tha’ there are already un umbe © for the ay pointmen A special committer of the Board of Councilmes appointed to consider the pror ypping th € Of steaw on Ele ventd avenue " yninth t met vest rare Dan She enconntered heavy westerly gales dar. and Francis Dalton, property owrers on the Ele- venth avenue, appeared before the committee and complained the running of Jo20motives be- low Bixtieth , Stating that cars were driven at a.speed of from twenty to thirty miles an boar be- Jow that etreet—that the lives of citizens are con- stantly endangered by it—that numerous accidents have occurred from it—that men with families dare not live on the avenue, for fear of having their chil- dren ran over and killed, and consequently that the value of property on the avenue is greatly depre- ciated. Mr. Dalton said he tought a lot there four years ago, and was offered $5,000 for it before his house was completed; now he would sell the house and lot for $4,300, while if the locomotives were stopped he would not part with them for $6,000. He dare not live there on account of his family, &c. ‘The sales of cotton yesterday embraced about 3,000 bales, part of whioh was in transite. The marke; closed quite firm, at about 143,0. for middling uplands, and st 14X06. for midditng New Orleans. Fiour continued heavy, with sales oa fair extent, chiefly for the Easiern markels, and to the local trade at quotations given in another place. Wheat was inactive, and the sales made were confised chiefly to common and inferior grades, which afforded mo correcs criterion of the stale of the market. Corn was firm, with sales of new Southern a8 O70, a 68340; old Western mixed at 600. a 100,; ‘with old Southern white and yellow at 7éc. 0760. Pork was in moderate demand, at $23 00 a $24 for new moss. Beef continued firm and among the sales were 1,000 tlerces Cleveland, Oalo, prime mess, at $260 927. Bu- gars were firm, with tales of 1,200 01,400 bhds. and 800.8 900 boxes, at full rates. For stocks we anoiber columa. Coffee was quiet Statement of stocks will be found Freight engagements were moderate, of importance in quotations, Shall the United States ge to War with China? Our intelligence from Washington shows that nothing will be left untried by the British gov- ernment to induce the United States to share in the movement against China which the populace of Canton have precipitated. Nor is it at all clear, considering everything, that Lord Napier will meet with insuperable obstacles in the prose- cution of his task. Whatever the policy of the country may have been in time past, the present has exigencies which cannot be disregarded. There was a time certainly when the modest interest of the United States in the international quarrels of the nations of Europe was not suffi- cient to invite this country to participate. Ev at the present day, Russia has gone to war with the Western Powers and the whole of Europe has been convulsed without stirring a pulse on this side the Atlantic. But we very decidedly appre- hend that this attitude of cautious neutrality will not be maintainable much longer. The interests of the first mercantile Power in the world—for such are the United States, according to the latest censuses—cannot be circumscribed within limits which answered in General Washington’s time. We kept out ofthe Russian quarrel, cer- tainly; but it is very doubtful whether any other great war could break out without interesting us too largely to admit of our neutrality. Such is the necessary consequence of the general diffa- sion of intelligence, of railroads, of steamers, of telegraphs, and of the universal spread of civili- zation. ‘This Chinese quarrel happens to be one of the questions which illustrate our “solidarity” in the family of nations, in the most marked man- ner. We import from China nearly twelve mil- lions of dollars worth of teas, silks, &c., every year. A large portion of this—the tea—is an absolute necessary of our life, and cannot be foregone, or enhanced in price without causing great general annoyance among our people. Now, the effect of the war will be to cat us off from the supply of this neceesary. We mast either therefore do without tea, and wait till the French and English are pleased to make peace, and graciously admit us to the fruits of their la- bors; or we must take with them the part that belongs to a first class nation. Aay American citizen can decide which of the two courses it best befite the couatry to adopt. But we are not even left to this. Ever since the first outbreak of hostilities, our couatrymea have been sufferers. We have heard of an Ame- rican pleasure boat being fired upon. We have beard of American missionaries being kidnapped and assassinated. We have heard of American vessels 80 outrageously attacked that they felt it requisite to vindicate their credit by capturing the tort which ossailed them. We have heard of Am. rican heads adorning the wall at Canton. And by the very last maile, we learn the lamentable story of the maeracre of Americans ou board the ill-tated Thistle. Now if there be any use a‘ all in a na- tional marine. that use must surely be to vindi- cate the national honor under outrages of this kind and to avenge the blood of our unfortuuate murdered countrymen. Sach cases as these are precisely the ones contemplated by the na‘iuns! Legislature when large sums of money are e+) + tor the equipment and maintenance of vessels like the Niagara and the Mississippi 1t seems in fact #0 clear that we are boand to «spouse the same cause as the allies—for our own sake— that without a little reflection one can hardly understand how the question can ever bave been mooted. Here are these Chinese with a civilization somewhat akin to that of the Mexicans when Cortez fell upon them, or st more to tuat of the Chaldeans or Babylonians iv the days of Nebuchadnezzar or Sennacherib; po lished, ond civilized in their way, bat that way a nd clearly destined to give way and disappear on contact with stroager types of ci- vilization; immensely numerous, but totally de void of the discipline and organization requisite to make their numbers available; with a govera- ment highly centralised, and once perfect of its kind. now corrupt and in decay everywhere; vastly rich, but knowing none of the great and useful w wealth; a great, abnormal, prepoMerous anomaly this world in the nineteenth centary. Upon theee Chinese we are depeadent fur one of our necessaries of life; and they are not only deny- ing it to us, bat are falling apon our poople and mundering them whe er they cau. But fur the riendly shelter of the British fort of Victoria au Nong Kong, we should have had far more sees to deplore es of for canno’ doubt that hostilities the Chinese, scity for such a ) have made. and Going any go0d- * well without as with @ treaty n thing. Not ncn is needed to whip the Ch t either s% circum chanan will dire stances, we ost t Lamper us withou s much that and or Fra Bagh handed. But because among the Asiatics to « mfitior and bine to achieve theit parpos ame mind on th probably indace tae Emparor the war woul w put ott tive Oa every yround polic lieney, j r that « bold en y. ex and | y--it wonld ap ssi se SS ergetic course on the part of the United States can be recommended. We should help to termi- nate hostilities; we could throw our influence into the scale in their favor were any attempt made to punish them unduly; we could see that the final settlement were made not only in a shape that promised to be definite, but in a form which rendered justice as well to the Chinese as to the growing interests of our own Pacific pos sessions. How this policy should be carried into effect is a matter for future consideration; the impossibility of penetrating the conntry with success has suggested the seizure of the seaports —only two of which, Canton and Shanghae, are worth seizing at any rate; thie, with, perhape, the occupation of one or two roads from the tea growing district to Shanghae, would be all that might be required, until the Emperor, satisfied hat his Russian friends were of little use and that his enemies were in earnest, agreed to make eace and to place his affairs with a world on a footing of fair, free and equal intercourse for all time to come. The African Slave Trade and These who Carry it On, We publish this morning a history of the Afri- can slave trade, which will be found to be the most complete and reliable yet presented to the public, and which corrects many of the errors and misstatements ot previous accounts. From the statistics which we present it will be seen that the profits realized yearly from this traffic amounts to about eleven millions of dollars, while the capital invested does not perhaps ex- ceed four millions; that thereis a fleet of forty ves- sels manned by a total force of nearly a thousand men, and that by means of this fleet some thirty thousand slaves are exported yearly from the Coast of Africa. Since the year 1808, when the traffic was declared by the laws of the United States to be piracy, the trade with Africa has been confined almost exclusively to Cuba and Brazil. The last named country entered into the compact which had been formed between the United States, Spain, France, England, and Portugal, and by which each country bound itself by every means in its power to put a stop to the exportation of slaves from the coast of Afriea; but till within the last four or five years she failed to comply with the terms of the com- pact, and had it not been for the pressure upon her would probably have been engaged in it up to the present time. Had Spain manifested a sincere desire to fulfil her part of the agreement, the importation of slaves into Cuba could no longer have been carried on, and might certainly have been as easily prevented by the Spanish government as by the less powerful government of Brazil. There is no doubt either that if Eag- land were as ardent in her abolition- iam as her professions would seem to indicate, she could alone almost wholly arrest the Cuban slave trade. The fact is, notwithstanding the parade made about the capture of a few slavers every year off the coast of Africa by British cruisers, that she has never displayed much energy in the matter, and certainly not that energy which her pretensions would naturally lead us to expect. The Blue Book, which is pub- lished every year, and a great part of which is made up of reports from the mixed commission in Cuba, is perhaps the strongest proof that could be presented in support of this charge. That the waffic is carried on with the consent and connivance of the Spanish government there is no reason to doubt; and so long as Cuba re- mains a dependency of the Spanish crown, so long will it be permitted and secretly encouraged by the colonial and other officials of that Power. The only means, in fact, by which it can be sup- pressed is by the annexation of that island to the United States, when the slave trade would at once be stopped, as it was at the time our government entered into the compact to which we have referred. But while the slave trade between Africa and the United States has been completely suppressed, a large amount of the capital by means of which the slave fleet is fitted out for the traffic with Cuba is furnished by ® portion of our own citizens, and principally by those who reside at the North. The greater part of tbat fleet, or as it is sometimes jocosely called, the “Black Bird line,” is fitted out in New York, Boston and other eastern ports, while a very few slavers set out from Baltimore. It is eaid, in re- ply to this charge, that the veesels are purchased by Spaniards; bat if they are, those by whom th 9 are sold are not igaorant of the use for whicu tuey are intended. This is not all, however; for the vessels are not only bought for this purpose, with the knowledge and consent of the seller, but they are provisioned and receive their outfit at those ports; and it is even said that the officers of the law sre sometimes cognizant of their departure, their assumed ignorance being handsomely re- warded by the persons interested. From thirty to forty vessels are despatched every year from the ports named, and nearly all of them succeed in landing their human cargoes at their place of destination in Cuba. *The profits realized from this enterpriee are enormous, and the risk is so trifling in comparison, that we can hardly be astonished when we know how unprincipled and heartless some men are, that there should be per- sone found who are ready to engage in it. ‘The idea of humanity never enters the head of these speculators in human fleeh, and their ears are deaf to the fearful accounts that are related of the tortures of the middle passage. Thou sands of human beings are sacrificed yearly to their insatiable cupidity; and while the coan- try resounds with phillipics and tirades against the South from Northern orators, and a Northern press, for one negro who may have been whipped to death at the hands of a bratal taskmaster, we have nothing to say against the heartless and fiendish men by whom this traffic is carried on, aud who live in our very midst upon their ill-gotten gains. Slavery, as it existe in the Routh at present, isa patriarchal institu- tion, under which the condition of the slave is far superior to that of a large proportion of the pauperized laboring classes of the Old World, and the slave owners stand in the position of men whose interests as well as inclination lead them to treat those who are dependent upon them with a humanity to which the slave trader at the North is a total stranger. One successful voyage ineures a large fortune on the capital invested, and gives a stimulus to the trade which the apparent opposition of those who have undertaken to suppress it utterly fails tocheck. Our own laws are 80 defective that the persone engaged direetly or indirectly in the business have very little difficulty in evading them. Until such amendments are made, there- fore, ne will render it impossible to avoid the penalty, it is absurd to expect a revolution in thie particular. There ie one thing certain, however— that the day which secs the annexation of the “ever faithful faland’’ 'o the United States, will eleo ree the total suppression of the slave trade Sram axp Mexioo—Azs wero Hive Waa? ——There has been considerable entertainment af- forded of la e, on both continents, by the magnilo- quent threats in which old Spain has thought fit to indulge against her quondam colony, the pre- sent republic of Mexico, and by the show of hoe- tile preparations which the mother country has been making to bring to terms or crush out the eomewhat derisive and disrespectful juvenile re- public. The origin of the animosities has refe- rence to that root of all evil, money. A large amount of Mexican securities is held by Spanish subjeeta; and Mexico, like other insolvent firme or nations, does not find it convenient te meet her liabilities. She therefore resorts to the plea of fraud in reference to many of these bonde— perhaps because it is @ legal and equitable plea, and perhaps hecause she wishes, like other liti- gants, to obtain time. The Castilians become in- dignant and send an Envoy, backed by a ficet, to insist on payment. The Envoy is wheedled into @ new agreement with Mexico; but his acts are repudiated by Spain, which will hear of nothing but a practical recognition and settlement of the claims of her citizens, The bitter feelings thus engendered by means of these Mexican bonds and Spanish bondholders, come to be still further exasperated by an at- tack by a party of bandits on a hacienda held by some Spanish citizens in Mexico, and by the murder of some of its occupants. The govern- ment is called upon for the immediate punish- ment of the culprits; but it is no easy thing in Mexico to bring these mountain bandite to jus- tice. The thing is found, in fact, to be an im- poeeibility, and because it is so the choleric Spanieh Minister demands and receives his pass- ports. This is the horrid casus belli,'in all its length and breadth and depth. For this it is that anew Spanish armada is to be directed on Vera Cruz. For this it is that the base, miser- able, degenerate sons of Mexice (as the Spanish papers call them) are to be swept away befere the resistless impetuosity and valor of the chi- valry of Spain. Onur readers will be apt to think tat this is a very smal] matter to raise such a tremendous fuss about. Well, so it is; but it is the experience of human nature that the animosities of relatives spring from the most trivial causes, and are ever the most bitter and relentless, If there be any doubt entertained of the imminency of the dead- ly straggle,a perusal of the extracts from Spanish, French and English papers on the sub- ject, which we publish to-day, will dispel the doubt. The Spaniards are to invade Mexico, to seize the fortress and city of Vera Craz, (by the aid of Santa Anna and his partisans,) and, if need be, to subjugate entirely the Mexican na- tion, erect it intoa monarchy, and plage a Spa- nish prince upon the throne. This, at least, is the splendid programme. We doubt, however, whether the first act of the dra- ma will ever be represented. Eagland and France, on whose aid Spain had eome reliance, reepectfully decline to be drawn into the quarrel. The attitude which the government of the United States might assume in the event of a Spanish descent on Mexico, has its wholesome terror for Spain. The course of filibusterism she affects to deepize; but it is only when fifty or a hundred thonsand American volunteers would present themselves on the Mexican territory, and when en organization—of whose existence we are made aware through our advertising columns—ehould despatch expeditions against the islands of Cuba and Porto Rico, that Spain would awaken to the real dangers by which she was environed. We bave no faith, however, in the sincerity of Spa- nish blustering and warlike preparations The movement we believe to be a purely political one. It is the dodge of Narvaez to retain power in his own hands; and after the election, which is soon to take place in Spain, we believe we shall hear no more of hostilities against Mexico. Newsraren Movements iN WasHINGTON.— The determination of Mr. Buchanan not to be saddled, as was poor Pierce, with the responsi- bilities, blunders and follies of an organ, is ope- rating like a galvanic battery upon the sensitive nerves of the Washington Union. We perceive that the proprietors of that concern—democratic, black republican and Know Nothing—propose a number of magnificent improvements of their pa- per, comprehending the several departments of news and the various editors and correspondents required to make it another London 7imis. But to establish such a paper at Washington, the first essential is a metropolitan population like that of London—2,500,000 souls, more or less. Perhaps in the case of Washington, consi- dering the more general newspaper education of the American people, a million of souls, or half a million, would be amply suflicient to justify and support this apparently ambitious enterprise of Mr. Wendell & Co, Such journals as the Lon- dou Times, the Paris Presse and the New York Heracy, are the growth of years, and can, in fact, only be developed § in such great centres of a cosmopolitan popu- lation, intelligence, wealth, commerce, poli- tics, fashion and world-wide intercourse as Lon- don, Paris and New York. The attempt, by a bot house system, to establish a metropolitan press in euch an isolated village as Washington will be about os fruitless as the efforts of Western land speculators to build up great cities in remote swamps, upon the faith of a lithographic engraving of some visionary new Carthage or Rome. But we presume that the mixed political commigsion owning the Washing- ton Union do not contemplate anything in their magnificent designs beyond the printing spoils of the next Congress. We hope, however, that in all their ona fide efforts to make the (inion a readable and popular newspaper, they may be successful ; but judging from the past history and the present siatve of the Washington news- papers, we can’t be very sanguine of the future of the Union. The Washington journals have never aspired to overcome the stupidity and lazy monotony of the press of ‘the rural districts.” They have neither the tact, enterprise nor independence to give us the current news of government affaire daily transpiring under their very noses. They have too many axes to grind—too many little in- trigues to promote with all sorte of politicians and spoilemen, to speak eut freely and inde pendently upon anything. Mr. Buchanan never did a wiser thing than in his resolation to dispense with a Washington organ. It is an act which strikes at the very root of the spoils and plunder corruptions of the lob- by. Follow it up in the establishment of a na- tional printing office, in the form of a bureau of the Department of the Interior, and millions of the public money which are now, and which have been for the last forty years, squandered among party organs and plunder jobbers, will be saved to the government. We do trust that in the next Congress ther: will be found « enffcient number of the right sort of man to keep up the agitation upon this eab- ject until both houses are brought directly to face the music upon this question of the separation of the government printing from the epoils and plunder mongers of the party press. That will be the greates' government reform of the last half century. Tar Txmrry Cuurca Conrest—Wuo 18 70 Swat.ow Tae Oyster ?—For the last few weeks the Trinity Church corporation have been pub- lishing, through the medium of our advertising columns, eopious extracts from the testimony taken in their favor before the Senate Commitee. ‘The case against them has been so fully stated that we think it but fair to give them the benefit of the points which they seek to establish by this evidence. In the first place, they deny that the grants made by them were made in a partisan spirit, or with reference to “high church” or “ow church” opinions, In regard to the charge that the stipends have been reduced, they main- tain that the aggregate amount of stipends is as large now as at any former time. The oaly ground for the accusation is that the stipends have been reduced, and sometimes taken away from richer congregations and given tothe poorer. In reply to the complaint that they have not made the capital of the corporation available for the founding, support and promotion of religious, charitable or educational institutions or pur- poses, they say that it has been their constant endeavor to do so, and that as far as the reve- nues of the church would go they think they have succeeded. They deny that the aid given to feeble churches was extended reluctantly or offensively, and they say that, on the contrary, it always gave them the greatestpleasure when they could respond favor- ably to any of the numerous applications made tothem. As regards the mortgages, they were taker, not with a view to the benefit of Trinity Church alone, but to prevent the property thus advaneed being lost to the Episcopalian Church at large. Itthould be added, that against these statements made by Vestrymen, we have the testi- mony of Mr. John D. Wolfe, himself an ex-Vestry- man, who states that almost all the grants made during his time were made to churches known as “high church,” whilst the applications from claimants representing the “low charch” were almost universally declined. We have also in evidence the opinions of the Rev. Jesse Pound; the Rev. Stephen H. Tyng, rector of St. George’s Church; the Rev. Sullivan H. Weston; the Rev. H. Taylor, rector of Grace Church; the Rev. Henry Anthon, late assistant minister of Trinity Church; Mr. Luther Bradish, Mr. Stephen Cam- brelling, and other eminent Episcopalians, that the Vestry of Trinity Church had not employed the capital at their disposal to the full intent and benefit of the purposes specified in their trust. It is not our purpose, however, to balance the jections to the corporation are not, as we have already stated, founded merely on the miamanage- ment ot the trust funds, or the partiality with which they are administered. It is against the recognition of such a corporation at all by the State—it is against the principle of allowing such large accumulations of property in the hands of ecclesiastical bodies, that we decidedly and ener- getically protest. We contend that all such trusts and charters are unconstitutional and mii; chievous in principle, and the Legislature will commit a great mistake if by any half measures it seeks to compromise the real issues involved in this question. Mr. Spencer’s bill is good so far as it seeks to introduce an efficient system of con- trol by the Episcopalian body generally over the administration of the trust fuads, but it does not alter the character or neutralize the vicious ten dencies of the corporation itself. Instead of seeking to reform the organization of the Trinity Caurch Vestry by an enlargement of the representative principle, as is proposed by Mr. Speacer’s bill, we think the fairest and most satisfactory mode of dealing with the capital of the trust would be to divide it impartially amongst all the churches, low as well as high, of the Episcopalian denomination in the dioces§ The public at large eare nothing about the pro- perty; and if this arrangement could be arrived at, few, we believe, would be found to object to it, beyond those immediately interested in main- taining the present state of things. There would then be an end to all suspicion of partiality in the appropriation of the funds; for the congrega- tion of each church, exercising a control over its own portion through its Vestry, could not be in- terfered with by the high or low church preju- dices of others. This we believe to be the only rational mode of disposing of the question, and the only one that will give any permanent satis- faction. If the interests and prejudices of iadi- viduals, or the animosity of the two hostile par- ties in the church, should oppose such a settle- ment, then we have another to recommend, which we think will pnt an end to all further controversy in the matter. Let the State, in the impossibility of reconciling the views of the con- testants, imitate the example of the umpire cele- brated by Heop, and swallow the oyster itself. The property thus escheated to the general use will be more beneficially employed than by any body of sectarians, no matter how pure their in- tentions and conduct. Maxacer Srnakoscn axp mis Recent Orw- nattc Season ar THE Acapemy.—Several of the minor journals of this city have been extremely busy of late in circulating in every shape and form throughout the country the malicious and delusive idea that the late operatic season of manager Strakosch at the Academy of Music was «failure. In connection with this false report, they have been as industriously diffusing another, equally groundless, to wit:—that, taking counsel from hie dearly bought expe- riences, Mr. Strakosch has abandoned his common sense position of limiting his advertisements to a few of the most popular jou , and has surrendered to the clamorous and impudent outcry of the whole horde of hungry penny-a-liners and oyster house critics struck off from his original programme. To put all those weak inventions at rest, we presume that the fol- lowing note, received yesterday from Manager Strakosch, will be amply sufficient:— Jayne Gomes Barwa, Bao — Dea Sim—Porimtt ine to soknow ledge my groat indobt- ‘our foursa’ during my maangemeat t tbe Hallaa Opera jeanure to meet , and I regret to say thes 4 "ri ne, i are 8 — ‘Your support of the Opera and earnest defence of ite ‘the false matementa of & portion of the ohy, wae given, notwithstanding all thet pasted. Under other circumstances, the act would bave boon simply generour: an! war, it rose to the dignity of the noblest mity mm Consclour that ] owe to your powerln! aid. ins grew. moagure. (be eccoene of my short ay you, dearsir, te noonpt my dee Hinde Cd With heartfelt thanks aod kiodess regards, Your mort obedient rervant, MAUaiCe afks Thus, the disrepatabse minor prom of thig city» Cireulation and infvence your ve after exhausting all the resources of their impo- tent malice against Strakosch, are baffled and defeated at every point of their game. Thus their report that Bennett had instigated and int} midated the independent manager to the sensible advertising discriminations which he has par- sued is proved pure fabrication. Without any intercourse of any kind with Mr. Strakesch, we happened to learn, threagh a mere accident, be- fore the opening of his late successful season, that he had resolved to save the important items of cash heretofore thrown away upon obscure papers possessing neither influence, circulation nor public confidence. We saw at once that it was a good move, und at once approved it, Other managers have repeatedly complained of the cost of subsisting these outside newspaper leeches; but each of these complaining managers in his turn has lacked the moral courage to cut hose leeches off, until it came to the tura of Strakosch. He, making his convictions the groundwork of his practice, has pocketed a few thousand dollars thus saved, as the net resulta, And why not? Why should not the operatic and theatrical manager be governed in his advertis- ing by the same rules of the largest and widest circulation, which govern the merchant, the shipper, the real estate owner, the boarding house keeper, and the chambermaid? There can be no doubt that a system of indiscriminate puffing and blowing is less advantageous to a theatre or an opera house, than the policy of an independent criticism of its productions and performances. It is proved that the abuse of the minor presses, cut off by Strakosch from his advertising list, has resulted, tree of cost, very advantageously to him; and other managers should be thus encou- raged to follow his good example. In a few days Max Maretzek, the indomitable, and Mr. Paine, the persevering, will inaugurate another short operatic season of the Academy. It still remains a matter of conjecture whether they will resort to the old expensive system of promiscuous newspaper puffing and paying, er adopt the judicious differential calculations of Strakosch. Maretzek is esteemed a man of solid sense; and, as we umderstand him, he approves the policy of Strakosch, though he hesitates to try it on. Why hesitate? Why throw away even a few hundred dollars, or a hundred a week, upon a lot of obscure papers whose gratuitous abuse is really worth more than their purchased puffing? Maretzek ought to be equal to the cri- sis, The plucky individual who could get up before the assembled aristocracy of the Academy and make the bold and slashing onslaught upon the stockholders that Max did, (within the recal- lection of the oldest inhabitant,) ought certainly to have the courage to do a more sensible thing in behalf of his own pocket. Well, the street cleaners are at work, and Max should according ly come out and define his position. IMPORTANT FROM WASHINGTON. THE CHINA QUESTION BEFORE THE CABINET, Advices from our Ministers in New Granada, ANNEXATION OF TEHUANTEPEC. The Projected Wagon Reads to the Pacific, &e. dee he. Intereating from Washington. SPRCLAL DESPATCHES TO THE WEW YORK WERALD THE CHINA WAB AND THE ADMINISTRATION—LORD NAPIER'S INTERVIEWS WITH GEN. CASS—THE CON- CILIATORY POLICY OF BN@LAND AND FRANCE IN REGARD TO THE UNITED STATES—OUR RELATIONS ‘WITH CHINA—THR POSITION OF RKUSEIA—OUR AVAL FORCE IN THB RAGE, ETC., ETC, ETC. Wasmscron, March S1, 1867. Bince my telegraphic despatch of yesterday 1 have as- certained some of the particulars of the British Minister’s receat diplomatic movements therein altoded to. On the arrival of Mr. R. J. Walker bere, somo days to ve affected with am incurable Anglo phobia. “What,” says the old General, “this country make aa Alliance with Ragland! is won't de, Nothing thet looks Uke an aliasoe with Fagiand to fight the Oninese or any- body else will do. it le impossible, my lord!—tt te im. possible! The American people wouldn't stand H—the democracy ,wouldn’t siaad it. The overttirn of any a4- ministration in this country which ehould attempt tt would be inevitable, inevitable, my lord—I say inevitable.’” pence and the emablishmort of free trade between Ubree and Obina—what thes, General? As to the Won of the democracy, Generai, your popularity and antecedents enable you to aford to altompt this ‘You would succeed when others would fat! in such character, The British newspapers have \ated both countries upon this fact. | have the 7imes Peat bere, and will leave them for your parces!. It bee greet move, Gemeral—a great move.” MBGeneral Cass, tt ie sald, emiled, nodded politely at the compliment paid to hi edjrated his wig, and intimated to bis lordabip tha; tbe new Osbinet were greatly pressed for time in conseivence of tho rush for cfoe; but that he would consider whet be bad referred to, and would take occasion to have another conversa. tion with him, and be also suggemed that ho would glnd to have the views of Lord Paimerston more explicitly aad in detail, and particularly te to Cabs, Central America, &c , before be made nite reply. A day or to aflorwarde | beosme romors ‘Walker was to be ofiered the Governorship House, solicited # private audience of Pri chanan as of Urgent conned cence, aed apos dent leaving the Conne!! to speak witn bim, + China Dudget fully and with grea! oapmesimens ia bebeif of the human racetbat Mr. WF, infinitely more good for all the nations ot (he rest of mankind, ' to the demooratic pari: Kanens. ‘The Prenident of cowrne could aay nothing er i