The New York Herald Newspaper, August 29, 1857, Page 2

sw sam for te by emmunt erclate trol =" reavuress.” $363,689 99, t= Dut is enouee 7 ‘ s i ‘Fou; but were with these facts no! reat aa hour. Is tt would tk ‘among the “dry Denes.” That's all We leave our readers to make their own comments on the above, which we have styled “4 Voice from the Grave. THB RANK OF KANAWHA. ‘We onnnot forbear ssying somvibing about the immense @mount of movey now in circalation—or rathe $m ctroulation—on the Bank of Kanawha. We I» ‘we think, orectbly informed shat last week tae Trust om, Paid cut nine athe of what money they did op this baok. That is, if @ check for one @housand doliars was presented at their coupter, nine hun dred of is would be paid in Kanawha money. ‘Thus, on Saturday night /ast eaployers found thoy had jw their posevsion litte rave Kanawns bank bills, which Of course they tnovughi to be perfectly current; aud they time, for bad they not been paid out at the Counter of the frast Company? This money they paid +0 thetr hands, end tt was circu Jated among ail ciases, arly ‘the poorer. The jonday evening there were hun dreds of mechanics and laboring men who found thom. Bel ves pours ved of Giseredited paper—paper which was @oiling ai fifiy cents onthe dollar. It bas been stated that ‘Trast Oompany Bank bee out every dollar of this mnoney—ihus stan ling godfather for It. A responsible genUeman from Kanawha refased to taco ADL: paper this morniog at Afty cents on the dollar, Last wight there were one or two brokt buying it at seven: five cents, bot to-day they refase to pay more thi ae Savers tee do hoe Bd tt ed that. The indi- ou ‘his paper Great ia ths ay A pumbers of empl yors bave etiil on hand haudreds of dollars Wie end aimost everybody mee, bas elber @ oor & i te stated that $20,000 of this paper has been sent home Trom Chillicothe « one for redemption, and it is estimated tbat a} leas; tais amocnt ba: also left this city. Brokers fo-day are very carefs! as to what money they take, and Danks refuse to purchase uncurrent mosey {rom any sav ¢ customers fhe banks are evideauy fortifying Chemstlyes aud preparing ior emergencies. ON "CHANGE ow York market, bot thatwascull Then the river newr, but no one wisxed to bear that Then the Ginancial newe' from New Yors, and that was territio— Dankars {ailpg, banks crushing, and stockjobbers pros- fratea! Toe cro +d seem to fe-| het « crisis is a, hand. THE PORTUNATE® AND UNPORTUNATES Meny ste: es were toly on the streets, as to those who hac fortana'ely drawn large sums from the Trast, and hose who urfortunstely beve large amounts there bow ‘We mi ntion the two moss promipent:— A down town stove firm drew out $10,000 on Saturday, ‘which inolnded thelr «bole Geoosit, exowpt $300. One perk merchant tt is said, has $50,090 om deporis in the 0 Life & Trust Company THR FRATERNAL SOCHETORS. Most of the Oud Fei nuer luzges of the city, that Dave surplus funds, cave bem deosited #itn the Trust y. Tos suspension will prove a great incoaveal ence to them at this time POUR MORE BANKS GO About the middle of the en the crowd was Jargert op Third sircet, a crowd red soddeniy around the banking house of George S Wright & Co, All eyes ‘were fized on their bude'iy boaru, aad ‘Four more baaks was the expression of every one as ne rest aad away. Iteceme tbat Wright & Co had posted a telographic despatch, anpoun sing the failure of an Eastern Danker with # pouoce thai they wat di credited foar banks tm which be wes largely interested. The nstice made more thas one) un over toe ovmtens of his liet, gure that ibe bank notes ix bis porsession #ms money. AN BKCITED GROCER Our reporter met # Fi th street grocer who does a heavy business He «as cursiog—ou.sicg furiously. Wh» thought of such a tring? ‘sain be, * Nobody dreamed of Mt. My money ts locked up—tits gona—I can’t pay my debts,"’ and then be went off intos general U ade OF all Danks anc bankers. It reemed impoerible for him to fad ourres bitter enough to er press bis fecliags: A INDBPENDENT CITIZEN “T'm independent of al) yur baaks,’’ said a tall custom ‘or, with @ bob tatled coat, as he iay up against the railings of the Franklin San’, and threw a volame of smoke ‘rom this mouth. ‘] tell you, Jim, I'm independent of all the banks. 4 swindling them, and their directors oughi to bung I'mas good Batured as most people, bat if we'd @ bang Manchesier to ‘was in our clatones there would this troub'e. Nothing makes people 80 careful as & litte hemp suitably pul on. But nose of Here’s (pasting his breast pocket) ‘As long as the money's there I know it i, Dut bo risk, Jim. I ceposit wita my. and be gave his eegar anaber long draw 4 PHYSICIAN L# TROURUS. Wesawawell koven physician, and like most le on Third street he wore a very grave countenance. He ‘was telling @ frieva bis woutle He was buliding, and bad bin the Trust Company cbeck it Out at convenience. ‘was balf fnibed, and bis money looked up. Ciemias his workmen or Dorrow, and he did not lise to do ether, ‘I bope it w Dos 80 bad as we are induced to be feve,”’ said be. “1 can stand my toss, if lose is, bat be calemity would be terribic to our ciy Our credit abroad wi be shetered, and we will rewire « shoox Tom whisb years will not relieve us” He is right A DAMOCKATIC CANDIDATE ON THIED @TQERT A prominy ot charecter op Third stree: this morning war 8 demoorstic pol Lician, Whose name Bas been aucougced for the ull #¢ 4 of be Ooupty Convention next week. He ‘was full of the cbotcest eympawy. “This is horrivie, borribie,”” be exclaimed, as be ap ‘a little knot of sufferers, ai the same time taking & bane in each one of his “A terrivle calamity, indeed, fa ibis ** “Tele g0,”’ replied one who bad ali bis spare funds in ‘Trust. ibe “Ab! th is indeed,” maid the cancidate “And you have Morey there, to) What afiy! | fear it is gone, sir, fone, I bad bigh hopew lant evening, my dear friead, bul this morning | bave pore! Toe bank is broke— Of Wak Bless us, whatwcalamity, Beuer bere bad (he town iaid in arbor, or uynet by an earthquake Thore fe no \elling tbe ruin ad devartation it will create. And you bave money there? By the way, I would apeak « ‘Word privately #ith you,” and be led the sa! Gide =e may bave g ven gOO! Bévice, and CHUCK A LOOK ON A LARGE BCALE, Quite & pumber of pers os called at ibe bank this morn Ing to take wp noter ln the Trurt Department. Tne lower door was guarded by pollcomen unger the dire: com mand of © Ruflla, apd Bo one was allowed io pass Dat pers who bas Dariners of this character. Quits « erowd bad aesembied at tlie typ of the stops awaiting their “torn” for acmiseion, when ihe ¢) es of @ roystering chap Boll spor them “What's them people doing up there?’ be asked of We Capialn “Taking op their notes,” replied the Chief of Poll se. Taking op nowr= how!” “Why, by giving sbecks for thelr notes, to be eure.” “Ob, you, | undersiand " cvntinned the ing rer, aftor « ne. “They take ib money bat don't give any out 1k Snort of big psme of chuk @ luck; you lay down and he gambler taker op” Be ttrollee away eatisfied NO MARKY FRRLIVG Thovgh some ir the cro#4 op Third street who, not per- Porally interested \n the faire of the bank, were dieposed to ceoasioanlly crack j ‘ke, there was no merry feoling Th © hope of yerterday was nearly dissipated by the pews Of this morning ans every man felt that if the Pros very liom of invwilige ce was with avidity, but was received in the lett calculated to remove ine uneasiness which every one “ FXUITRMENT IN GRBABING. An weg to pees the excitement i# on the increase. ‘The noon dispatches give mo ratisfaction, indeed they make matiers look worse OMLO LITE INBURANGR AND TRUST COMPANY, AT CIN- Ol WATE (From the Cipcianad Kequirer, Aag. 27.) Avover 26, [8e7—Evening. ¥ Oxplauat o1 Of the condition of Mean Loans to tr: 6 artment Loans ip banking Je parimen) County and Oiy Bonds ..... 121,160 00 $101,896 00 Om, Mand toe RK Bonde 200 000 © 104,000 0 ‘Real Ketate Junot’ Bowes 126,000 GO 126 009 00 Ober RR Bonds 110,000 068624 09 Oe, H ant 0 ton Kit bork 8),600 00 20,476 00 Other reliable stocks §=21,900 00 91,900 00 mat “ Thabititves Nominal Crrouladow 6... see ee bad De perite in Baok ing Department, 1 Deposits im Trart Department . jnceas of moans over lisbil ties (exclunive of By ores Boara of tenstnee iy order of tbe Board of TH van SP. BISHOP, Ansistant cashier. ‘THE EFFECT IN ALBANY. the A.oany Joarnal, aagust 77 of the Wiongan Ly 5 Avy followed by the failure of the Onio ac) $2,844,686 38 7 7, Oocas\omed & finansial New York The disastrous effects of those disasters reasn far and Boar. The ionsee consequent upon them are Reavy ‘and in many Cases ruinowe Many foresaw the orash, er were for it. ‘The prumary cause of ali this trouble may be traced, NEW YORK HERALD, SATURDAY, AUGUST 29, 168% first, to twprovident raiiroad constrveti us, pext to ihe ‘Mmi-manag: ment of railroad companies, and foal; directly © stock gambiing. These causes are produ: onerous keses aui wide-spread pecauiary pressure. wil) be fortanate if this crisis and break ap in raitroads be ‘not followed by @ comercial reaction, The bes been ronping ax wild in its importations as it ran with its railroads But “‘suftiolent for the day is the evil there- of” REPRESENTATION IN MONBYED CORPORATIONS, (From sbe Albany Argas, August 27 } Tho journals of the day tom @ith good advice on the subject of the ma agemeni of railway and banking corpo rtons Varioas modes af economy are mggested, and pumberless pains apd penaliies devised the abuso of trusts and for the prevention of speou One set of men would prevent the directors fom buying or selling sock; otbers would punish brokers for speculating io shares; and all propore systems of restraint which are aimopi’ impossible to enforce, and which be inquisi- toris) and tyrannical in their resiraints. We have not s-en anywhere seconded the proposition which we have advocated, of reforming the mode of chotoe of the directorial boards of moneyed oorporations, #0 as to afford @ representation Of all the diverse interests; q ‘and yet the chang proposed was organic in its charac- ter, ena, it seems , effectual for he prevention of maladm'nietration Under the present jem « mejority of the etook cleats the whole board of directors on a general ticket. The the dominant iniere ts tn longus and copartners, and control, They ad- Foe eee a ae ene mee ‘ast vrojeots are en in & rt expendi- fares that somse times swansp the origital eaharpriee.” ‘The general history of # road in tne West tas been that it baa made a successful start and won the confidence of a fing {+ have rushed imto the oonstraciion of branshes, the lease of rival lines, or oiber extravagant or suicidal devices, in which the managers have personally playo4 for a large peounia: y siake, at the risk of the property of the company, and io general bave lost. Now a very simple change in the mode of eleotion would prevent this. Suppore that e company of $3,000,000 capt tal bas thirty directors. Let the holders of each $100,100 of stock choose ons director—or if seed be let them com- bine, os they please, with other holders of similar amounts aud let several aggrega ce of stock elect their proportionale umber of directors. ‘A railroad company of such a capital might have a mil Bon of shares in the hands of Western holders, another million in Wall street; balfe miilion beld in Barove; and the remain ‘er held in various of ios in this State and New England. The Western stockholders would select their teu directors, ei’ber by « general combination of shares, or by the separate di of each. The ry holders, or the bolders of their proxies, would fire. No tnterest as large as $100,000 would go unrepresented or unprotected, conservative minority, under such a system, would ave a chance to be heard. A clique could not control the direciion. The meat would of necessity be at all times subject to seretiay and no speculative enter prises, such as new branches, no extraordinary resorts, such as watering stock Ropeegning Seats, ‘&6 , could be availa bie against the sentiment of ow. ‘The present system, which allows the mere m: of the stock to orptrol the whole direction, ard which de- nies to pearly half the sbarcholders any representation, would not be tolerated in & political sysvem. The idea of electing the «hole of a Senate and Assembly by a mere majority of the Ne vote of a State, is preposterous, It carries the i¢ea of tyranny and corraption on its face. {1 ts singular that a system which has thus been scouted from i+] go ernment, should be adopted in the ropre- septation of moneyed We do not suppose that any mode of representation will insure wisdom or iniegrity in the management of monied corporstions. They will necessarily share in the infirmi tes of human nature and the accidents of commerce. those who seek money too eagerly will overreach them selves; and often the greatest wisdom and prudence will be unable to resist the adverse ourrent of circumstances. Legislation cannet help, nor the courts prevent, the mal admivtetration of these trurts. What we propose is to place them closer within the ins)sotion of all classes inte rerted in them. and ‘o give the moet humble minority a fair repreeeniation in their ad ion, @ full and free tcrutiny, and ® propordonate voice. THE EFFECT IN PHILADELPHIA. [From the Philadelphia Pennsylvanian, Augast 28 ] ‘Tee financial troaties in New York bore exciling aspect yesterday than for the two day ums, apd are likely to extend but lite farther. taching creditors of the Ohio Trust Company bave con tenied to the appointment of receivers for the New York office, whils the acoovnts from the West report bat little excitement prevailing ip Cincinnati; and though the ho: ‘Dane at once cloved ie doors on the announcement of the it boldly assumed all Lowe “the at suspension of the New York agency the abilities of the agency, believing the ordinary asscte ampie to protect {ts creditors to the utmost, while, in addi- hole of the Trust capita! of two millions of dol . Jacob y 7 Mr, L. Beard of Brokers, but others have ete, and halfaacore,at leastof bankers,and of one kind and apotber, will go by the The Werren Bark is understood to be « total bi \ ctreolation was emall, and its officers ard responrjbiliiy we would advise the eacrificing them unt!! all the facte The panic, ro far, seeme in nd mearare to bay - ed tothe commercial commonity, as distinguished from operatos in stocks anu other schemes of finance; indeed, the confidence of the public in the continued prosperity of ail the great interests Of ihe country was never stronger, And bp) one doubis that the storm will be succesfully weathered. The comm Jose noth'ng the capital avd Wealth of the coun\ry are no. diminished by these collapses and ttorms tn epeculation ri Abd prosperous; te crope are the largest ever known; Sud With cheap bread to eat and dear cotton there is no Teason to apprebend disaster to any of our vital Interests, Bot beyond this, we ebal! coubtless have « better demand from abroad for'oar eurplus procuct of broadeteds, than prehrndet, for it is tnores ingly cong uert 6” India by Eog!and will be able cifoulty and duration, extent call off ber population from prod~etien, ‘hus increas. ing her cependence upan the United atates for food as wall sold freely at 3 %, dat Fubse quently fell eff and clored heavy at 305, the enlos of the a ameuplig to pearly 6,00 shares. In other stocks ae bot litle change, an ‘act bat litte done. The (emand for money |i motive, afd rates conaider- ably firmer. (From the Philacelpbia Ledger, Avg 28 } The move) market is quiet; all the rumors of interior bank failores having ha littie effect in creating aistrust perbape an exception or t themselves against any con od in doing this, of course, in fp sion, by the necessity of abcrienipg scoommc dations. This, however, is necemary, and ¢id they not do it, would merit censure’ We know it is common to censure Lang officers for contracting their discounte ip times of disurart, and when money is gost in demand; but (hoe who Co this forget that \t is an inerent of the #) stem of ban cing to loan most when itis leat to contract when it\¢ most wanted. The no allerna.re (0 this matter at gach timse— vrow their labulities as distrasi aporoaches, 1 is much better that © comparatively or break ” Cebtore ebould be pat to some ins0nvenience to pay their debts at bank (ban tbat thousanda should suifer low, and currency aod confidence the shock of iaiure Woe have, however, po fear of immediate failare with our city banks, or of any of the banke in any of the Atlantic cities dotne & legitimate pans ing boeiness. Thove that are mixed up wicb railroad securities and other tlleg timate paper ops rations, stand « fair chance of going by the board. Bul as A general thing, the mercantile jeterest i# in a sound and bealiby cond! ion, and we see no reason why the mor. chante should experience troubie because various railroad beboies that never bad any valae are exposed to tne gaze of the world. THE EFFECT IN ILLINOIS. [From tbe Chicago Press, Augans 26 | THR RECKNT FAILURES—STRENGTH OF THR WRT. Our telegraphic dee Ania morning announce & nom ver of failoree in New York The result is by no Beane unexpected to those who carefully note what ts foing on in the fieancial world. The anpreceden«d de Preciation of lesdieg rairoad stocks and oiher secarities ‘that bas taken pia © within the last ninety days could not fail to veil disastrounly in seme quarters. The siorm is by no meawe over yet. Ciber Kastern institutions and pri vate houres will dowbiless be wrecked before we shall enter upon the chronicling of an upward movement. We anything like geaeral crash, however, 11) be conaiae’ able wood and debris efi While we regard only with footings of sorrow the os amity that te swallow the fortanes of so many of our Eastern ‘riends, it Ly and gratification that we note the strong aod beaithy oon- cition of all those Western interesta that are not connected with Wall street The West wat never in & better position than now—never aoier to with stand «the § condition of things exittieg ai the freat money centres of the seabeard than at thie present moment. She has jost harvested An unprecedented crop, and she isin the fruition of the high prices the Kast has been paying ber the last vic months for that seemingly exbaurtioss sap ly of bread f0ffe the bas went rtoaci y forward in the face of cost! ued decivrations thet she had nothing torpare. Oar country merchants hare consequently mate nnorvally f000 Colieotion®, and thit bas oreaed & bevy demand open onr toval banks for Fa tern exchange, by reasna of which there are no beary balances dae them by beer banks Should there be ® moch greater tambling emong thone {nat\tutlone toan we n)w have any reason to expost, our Wedern banke wil smrcely feel the shock. Wail street may be the money centre, the greai stock aod car. reney raguiator bet the money strengib of the coontry is in the Wost Fresh and vigorous, esonomical and enter prising, she is anponlly creating millions more of wealth than if swallowed up in the great maelstrom of stock lavon, extravagance, vice and fashion of the haatern A little while ago Eastern journalista com ined In crying down our noble Weet, From every Ailantic State came the reiterated prediction of impen ing collapse in West orn interests, “The West,” anid these journals, @ocing vo eurplas Her captial aed her classes bave all gone into wild speculation in worthiews lands. A general depreciation must enaue, and | | | | | ‘he bankruptcy of the whole West becomes inevitable.” And go it went on, until thodhants of people were deter: ed from o: ming 0 we West, and from in \holr means ip our fertile lands. Toe oapiial was in the Kase ern States. It wes invested tm railroad stocks and other ecouritios—and where is itnow? Would not the formor bolders of it be willing to pay @ heavy bonus for the chance of investing {tin Western lands? And what must be the refleotions of those journalists who have, by slandoring the nad seniees CN] state ie Tho West, raps strong {n youthful vigor, upon a rec Mustain of doorsy and productive to while a> = & ube Kast, a litte while ago so elated ard put own importance, and so patrouisingly erneiaeerating the doomed West, is tottering beneath the fuil force the (pancial storm. Weare for our friends there, but trust the lesson will not whelly be lost upon them. Moan- whi ome congratulate ou) Naar t nl pe apes rure of prosperity end peourit; y onjry, and upen tbe tact that those who but a while ago predictea our downfall, now jook to us as their only refage and proeo~ tion against suflcring that calamity thomsel ros. FAILURE OF JOBN CHO «PSON. Private despatches received in this city pipe Bounce the faiiure of Mr. John Thompson, of Now York city, the well known Wallstreet broker. The extent of the failure, as well as its 1 “er no necessity of availing We take great pleasure in siating this fact, and in assui che oublic, upon unqusetionable auibority, that Mr. Adams \s ebundantly preparea for the emergency. YAILUBE OF THE OHIO LIFE INSORANGE AND TBUST York house kepi the accounts of most of es of the State Bank of Ohio, end also of a large number of pri- vate institutions in that State *and Indiana. It will take some days to develope the extent to which this failure will affeot other institutions and individuals. It will doubt- lees fall with the heaviest force upon tne business inte vets of Cincinnati, though we learn that a number of New England and some Western barks will be more or leas affected, We are pleased to learn that no tnstitution of this city, and, we presume, mone in the State of Illi. nois, will be directly injured by the failure. BULLING THE MICHIGAN SOUTHEAN BAILROAD. Co the Democrat, Augast 26.) A gent an who bas well known as a great fa- vorer of the cut ¢ff policy in this State, who held official position not long since in our city, and who prides himself on bis business tact and financial skill, returned from « visit to New York city a few days since. He looked quite ‘smi ling and contented as be stood on the sidewalk in frent of bis old quarters, the Tremont House. Aa acquaintance accorted bim with “Well, T*, what have you been deing in New York? Any new points since you leftt’ ‘T** emiled and looked wise, a great point which he never fuile to make when to speak would betray his ignorance. The friend rallied again He saw T** was pay he! va romething, and that it only required a little skilfal fencing to get it out. A few more questions judiciously pat—Te* all the while tapping bis pans with his ivory topped bamboo cane—brovght the matter “Well, { will tell you, Mesesey: I bave made one of the nicest lite specs you © er heardcf whilel was away. I motafriend in New cot une wes ee up, and tte - to make a handsome thing out of 1t ”” be ‘The d—! you arel’’ answered his outspoken friend. ‘Have’t you beard the news? Your friend O*+**r jast wold me that Michigan Southern was down to twenty four! He bad the news Core,” T** appeared slightly disconcerted, but immediately answered, ‘That story wou't go down, M*****y, Thai's ove of old S*##/’s jokes. It was too true, however, as the bulletin of Wood ward & a too surely convinced our political Saancial iend. The story jee En! conriderable wind thst evening, there was a good deal of ‘smiling’ all round at the bar the barement story, 1** declaring that tt would be his last attempt at bulling the Michigan Southern. BANK OF KANAWHA. the Richmond kuquirer, August 27.) Tre telegreph brings us a rumor that the Bank of Ke- nawba, io Virginia, has failed. We grealiy doub} the cor- Our British Vice Consul atill rem 4 vere, arrested on suspicion the day afer tho perpotra- tion of the crime, was‘ Ull in priaon, but no facts relative ‘o hie examination bad been mad Ho. Sugers continued at b'gh pricss; whites, 4,400 to 6,600; Muscavadoes, $700 to 4,200. Supplies emall and transac tions Nented. The wesiber was very Sareratto for te new crop, and new sugars were expected ptember. Cotteus bad declined to 7,400 a 7/000 per pound Freigh# nominal, Supreme Court—spectal Term. Before Hon, Judge Peabody. ALLEGED FRAULULENT REPRESENTATIONS BY A CALI- FORNIA MERCHANT. AUGOWT 28.—Sath C. Keys and George B. Flint va. Minor Ss Martin —The ceferdant was arrested and ordered to be hold to bail in the sum of $40,000. It appearod by tho af: fonvit of Setb © Keys, upon which the order of arrest was granted by Justice rye, that defendast was inde died 1)G. B. Flint & Co, the plaiatifs, in the sum of about $50,000, for goods sold and delivered between May 20, 1666, apd May 6, 1857; and upon notes of the defendant ror to that date. Key's ode was superinda xed his sol- otber goods purchased by him eCidavit alleges tos the sale of by tine gaa fraudulent rep-esseiations ay to vency ard pecuuiary responsibility, and tral balances showing himself to be worth die amount. It also appeared war alto 8 7 in the firm of @. B & Co., of thir olty. Tot th of Koy & Co, disso! red March 1, 1866, Keye retiring from the concern, amd Mar- tin paying bim $35,000 for bis interest, and Martin as. taming all (he iiabilities of the firm, amounting warce of of $100,000 The business was continued by Martin, apd in the month of June he left Sam Francieco @ )Deequently Moser Stogdeli & 4mith, counsel for Martin, contend that at the time the defendant left San Franctsoo be had no idea of failing, and that the first in- telligence of bis fatlore reached him in New York by the ext steamer which left San Francisco. He explains all his transactions with the ‘At considerable length, shows that the trial ‘upon which the plaintiffs claim to have sold him the goods was rendered after the legations of freed, sod ail intention 1) defraud the plaintiffs He sino states that since bis ar rest be hae made an assignment of all his effeo'e to the plaiotiffr and that be i* and always has boon anxious to | nada seer ar am. of his indebtedness to em. ‘The order to show cause why the order of arrest should Dot be vacated and the defendant discharged voluminous ature of the testimony the Jo of the parties, referred the matter to Joby Devereux, Req, to hear the Allegations ‘And proofs, and to the same, together with bis opinion thereon. The ro porte tbat the allegations of fraud are not wustained by the The case came up before Jadge Peabody upon a motion of defendant's countel 10 con{irm the report of the referee, ‘and was argued at considerable length by H. 8. Smith for the ‘and Thomas G. Whitehead for tho plain- i The Judge direcied that an order be entered discharging the defendast. William M. Gauirey, dc , ve Miner S. Martin—A& Ike order, discharging the defendant, was made in this caso by Judge Peabody. Tre Nariowat Onerrvatory.—This institation, under the management of Lieut. Maury, has already at tained a rep: tation scarcely inferior to that of the olded and moet celebrated institution of the kind. The chro pometer depariment, pon which, in a great moasare, de the safety of Our national Yorsols, is regulated by 0 strictest rules and most enlightened management. The principal te esoope, worked by beautifal machi ip the revol ring dome, is & feature of peculiar tatsroet, and would well reoay '& visit by any one who has not al: ready seen it. As is gonorally known, black ball descends the fing stall of the dome at iy 12 o’olook, noon, by which citizent and mariners may reguiate thelr time plooee. The proper time to visit ‘ave teetttation ‘e from 9 o'clock A M. toSP. M, during which time visi tors will alway # attention from (he officers. = Washingon hy August 27 THE HiRVEST IN BSCLAYD. Whe lm portant Peried of the Grain Market— Cireulars of the Corn Deaicrs. RICHARDSON BROTHERS AND 00.’8 OIRCULAR Lrvmnroot, 8p Mo. 14, 1867. ‘The weather since our last bas been very unsettled, and ‘8 considerable quantity of rain has fallen. Last night wo were visited with a heavy thunder storm,and the weather till looke unsetted. There bas been very littic passing tn either wheet or flour since but the state of the eather mad apd p to the Foreman sence Flour of good quali 1, dearer, but with only a limited sale ment to notice in ube demand ‘or Indian corn, and only a vory retail demand existed, however previous rates were supported. JAMES M’HENRY AND OO 'S CIRCULAR. Lavereon, August 14, 1857. At this day’s corn market there was a fair attendanes BROWN, SHIPLEY AND 00.'8 CIROULAR. Livmaroo., August 14, 1857. roTie,unfavorable change tn ‘ne weainer duning’the past dags has completely ‘stopped barvest, and the corn market has been @ turn dearer, wheat having advanced 1d. a 2d. per bushel, fl sar é¢ per barrel, Indian corn firm, but without change in prices. JAMES HEWITT AMD CO.'S CIRCULAB. August 14, 1857, Bamapervrys.—The receipts of the week, both foreign and coastwise, have been very light, and consis obiefly of small supplies of wheat and flour, included among the for- mame 0 Sanaa of American new white wheat. Un- vest operations, although damaging the crops, and p-oduced some dirquictude, however, laa: ing to speculation, or inducing the trade to operate beyond ‘uw daily requirements. For wheat there has been more demand, and the market bas sbown a s! upward ten- dexcy, Flour bas been more casily sold at former prices, and for French or extra American there has been & good consumptive trade. lodian corn was dull in the beginaing of the week, bat subsequently improved. BICHARDSON, BPENOE AMD 00.'s CIRCULAR. Livarpoo. August 14, 1857. Since the dato of our last oi the weather has been unsettled ; butro far we hear of | jary to the crops, anc prices for breadstuffs remained about the same as then quoted. eee”, small attendance, Fri- day's rates were only ostainable for the best qualities of red and while wheats, while lower na ee ‘ate decline of 1d. tod. per bushel Flour and corn scarcely inquired for. Today the attendance was again small; but, with heavy rain since yesterday after- Boon, an ad,ance of 3d. to 3d. bushel as obtained en the prime qualities of red white; inferior no dearer. Fiour—more inqairy, and 6d. per barrel dearer. Indian corn—reinil sales, at quoiations. JOHN M’CALL AND 00.'8 OIROULAR. Giascow, August 12, 1857. ‘The weather being showery at the end of the week sellors of wheat and flour evinced more firmness; but only the best qualities found buyers at previous prices, and only a limited extent of business ocourred, some distrust being Created by the failure ofa miller. Ali kinds of spring corn were steady in value. BIGLAND, ATHYA AND CO.’8 CIRCULAR. LivmKroot, August 14, 1857 ‘Tho weather during the week bas been uni , with Occasional beavy ers, which have mach interfered With harvest operations. The trade has rued qaiet, with- Out change in prices. At to day’s market, in consequence of beavy rain dvi the night, holders of wheat were =o for Al red an advance of 24. to 34. per bushel was obtained. White was 1d dearer, but buyers paid the advence reluctantly. Flour sold in retail at an ‘advance of 6d. per barrel. indian corn could only be sold aed ra per qr. on our last quota- ons. | . Her Mo) "s eb . Near the iri Coast the bottom was found to consist chiefly of sand or mod, with short intervals of rook; near the o ast of New foundiand the bottom ovnriats of a thick blue mud = T tmall icebergs aly tee that was observed by Lie , Cooke, ARA, who is about to pant @ grand plo- ture ip celebration Of the railing of the Atlantic telegraph equadron, 1s at prosent at Valeotia making sketches of the very lovely soonery which abounds in this neigt borbood, —™ entire socuracy in the local details of work. Day man Vauawnia, Augass 12, 1867. Ap accident of rome description has'soourred to the At- lantic cable to 4 o'clock im the morning of yos. 4 meanages had boon ey 2 it wae stated that in the two miles’ tho electric signals suddenly for insulation there was found to lom, which from idications of seem to kaye oocurred at « the absence of any moans of lea from Valenti. I communication with the ships, it is, of coarse, impossible even to guces at the cause of embarrasement; there is, bowever, quite suificient room for hope at present that lowe of tnaulation Ey been caused by some injary dissevered to @ portion be! into the waier but not & view to this evergy are now being constant th the cable, but no answer GEORGE 44 WAR WM. WAHICESOU: PY BRITON AWD rRueH Vatartia, A Bor Majesty's ship Cyclops has retu: cable bas been injared, and « length of about 300 miles is jost for the present. Ooasiderabie part of this, however, may yet be recovered. Pirwocmm, Friday Evening, August 14, 1867 , ven |, 1867. r the Sasqoeharas trlo cable, inteligence of which had been previously re colved by the arrival of the Ulyclops at Jobbing i ap: re that more cable was being expended tng, when at @ distance of 270 miles Agamemnon and turquebanna ri Ireland, The in in the Sound, bat the Niagara proceeds itto Hamoasb, The following despatoh, taken from the London Timer of the 16th of Ai gives & brief account of the breaking of the cable -— PLYMOCTH, Anenet 14—Evoning. The United Statoe steam frignie Niaga's, Captain fis from the A\lantic, followed by the Suequohanaa, Captain Sands, and ber ‘s sorew steamship emnon, oo tue ahr? their an mooessfal effort to lay the cable, On board the Niagara they that at the timo of the severance, a quarter to four 0” om Tuesday morning, 836 nawiical or about 390 statute miles had been laid, at a distance of 260 to 280 miles in a dé rect course from Valentia The wind was southerly, there was some sea, and the ship was going from three to four Awol, and the cable paying oul [foe Wo six, and someitmes rewn As the qvantity of slack thas expended waa than expecied a starting, and more than could be afforded, he retard wtrein wae therefore increased to « pressure of 8,00 pounds, and the cable broke. ‘The extra expenditure of slack oommenood on Monda; evening, when « strong breeze and heavy swell prevailed, ard & )*werful opderourrent was ex; This cur rex! forced tho wire from the ahip at a considerable angle. When the break wat applied with increased power the stern cf the Niagara wes down (n the troogh of sea, and the extra stain created by her rising was the immediate eacee of the oable’s parting ‘The Surquehanna was a mile off on the Niagara’s star. board beam; the Agamemnon, the Cyclops, and the Loo- » Were within bailing distance. At 12 o’clonk the Cyclopee left for Valentin, and the Leo pard for Spithead. The other three remained to make fome experiments. Sour dings were found by the Cyolope at 2,000 fathoms. At night they kep! a course EB S.E., easy steam, and on Wednesday morning at ten o’olbek bore up for Ply Mouth Sound. The Nis 7] into Hameare. The general opinion is that the renew is 100 far advanced for Another effort now, but every confidence is expressed in the u)timate fuocese of the undertaking, The now aboard tho Niagara is considered too heavy for the | pounds, and is ny | Purpose, It is stated that the wheels ceased to revolve aur ao. when the pressure was applied om Tuesday morning. OBAELES *TREBY & 0O., BROADWAY ‘TO THR EDITOR OF THE HERALD. 415 Rac ceeeent cnet, ‘The greatest difficulty to be overcome in laying the wire Fell ged waster, at noroes the Atlantic ts caused by the too rapid sinking of the cable tteelf, which of its own weight will descend to- wards the bottom at @ rate rot loss than one and a half 4 magnificent 1s devoted exclusively to the sale Shove germerta, and inal we are ‘now prepared Strangers and vistors in the city are notified prt 4 ofvar oe of the asual Paris deli aiauoned im this galley, who, at intervals of say foar hundred yard: " AMD stall top on buoys similar to the common india ruboer | 10.QOQ ZERsre, Wore cgasurs, WATE Ae life preservers of cirouler shape. These iaflated buoys | sliver medal was awerded for these heir will sufllolepily sustain the » ire to give li so gradual ta shave and, qualliy, over all, ciberg being, 8 8! 1ensopal eaale oF re ail. omens ae romana s reeay Deane 4 ‘TH. MAS TATE, corner of Canal and Greene sirects, hour, that her movements may be more casi! miles per hour, This velocity should be takex iato oon- posing Sante oF Mied asl sideration as a portion of the speed of tne vossol—any ey te sre usgant "mareromeen, tealend te ‘beck in the free running of the cable sus causing a great | ‘men are invived 0 visit our ClSgAnl nareree ee etme o Mtraip to ome op it, I have to suggest a simole method | will be freely Par caTlowet sovelties! whether tney was of 80 regulating the descent of the wire that is may be | to purchase oF nun ees Build Pind Setag aint anne Las SEN Rrcalwees uw ol coough for fear men to stand 1s; lot two men ES | _One blook below the Bt Wlcholan Hotel. when necessary to rtop, 1 propose a ciroular to the Be LORS VR bear Droge that the may pass freely along, while the at. Black I yous sf! ks, tendanis aro the stops together. "Several thou- | Bulted for cloaks and dremea, sands of them will occupy but a small space in the vessel, 20 poms on gale 81a, eee = ard, pt genet and can be inflated as fast aa required Ire the sale of those goods trom one’of the very Gav sama 1. AUG. ORAVEN, Lieut. U.8. Navy. | ftcurecs tn Promos. ‘ano. BULTIE: TO THE KDITOR OF THE HERALD. ‘861 Broadway. Bonuxatox, Asgust 27, 1867, | (LOMA, Baers a besa: . Would not the difficulty that bas for the time prevented the laying of the Atlantic telegraph cable have beem easily remedied bad there been an attachment of small fifty miles along the cable? 0 Wteelf to the directors, and been rejes-ed as not ‘TILLAS—F ALL q bet _Breotcabie; but we do not see frat objection there Oe ibs a 5 eno ead {0 eat pr | . Fall nt - of the above goods, 4 low prises, and invite the ingpeotion of Exrraogpinany Famruy—A traveller through bane: _ Ay — ‘At 60 and 61 Uhambers up stare, otmot there ied three or four families by the name of | ; antes AND STRANGBRS VISI¥ING THE CITY Morris, and baving sometanxiety to learn the extent of |} find a ‘and varied amoriment of rich Paris stytee the fan tly mate bee 7, and was direcied to the motaer | fall bonnes, selected by Mee. Oarter, now in Paris; also a righ of the wbole tri jon, having oeen previously of at St. Sil of cnr owe manstee: told that she still ved, though ‘ug; of 94 years of | ‘ure. VabTBRS, manuiacaress, fe. He ° the good Sd ae pelea and gent = y andprorcedou wee m of” twenty.Ove children—twenty ope sons and four daugh: Noe 2 ween TF OAR tors. She has ove hundred and twenty-one gran dohildren, Pare sorted cloaks, one bepdred and | eight rand ren, and | 10 which the attention of and ting the ity ree om wee exoe ption of five GBO. BULPIR, one twelve, Another cloves. Ove ol the girls is the motter of twelve | N= SAWS Kaw SEAS ie, Taw SHAWLA. children, and another i the mother of thirtess; all the Rew delle stewie, reat of them produced between five and seven One of aba the sons, who \# pow quite an old man, lives within seven | # mmonse assortment dé Gmeettoutn, miles of the ‘and Ohio Raiiroad, bui never a ® | for city retail trade, railroad until ago. now on male ot, sai Lig geome A THS Panupare— J B. Dan: Rmorn forth, Jr., purser in navy, vice Dowbia, re. 0) signed. Charles E Sinclair, ‘Associate Justice for ‘the 5A ae French, German and Engtish removed. Fanry Goods, 3 Have removed from welrgla stunt #1 Maldon ane, to ADVERTISEMENTS RENEWED BYKRY BAT. | fos Spied, sivien whlch are worny the aention of ts ee eee eee tbooks, parstousé ‘ens, bresbes conbs, pocke PERSONAL. males, NPORKATION WaNTBD--OB WINNEFRED LYNCH. of Rew Bedford, Mass. If she will send her addrew 10, of (all at 10934 Greene ‘at, in the rear, sho will eee 8 frvad: HAWLS, OLOAKS, ARD MA NFORWA’ —( im, WHO ANTILLAS. T iA paboul Stguse,, hea tf > op ge Treo Our new and pyrene more is now open and replete WHR home about August 8. re <0 gaan ae comple: wth gh Mu ad ee oem. Ry Manes ead nt verted oe sce ain : = a his sister, Jane Morrison, 69 Kast renty seventh street. 1d FALL AND WLATBR GARMENTS ver exbibiied in New York RS. LUCY MACKEY 18 URGENT!.Y REQUSSTED WHOLESALE BUYERS tend ‘presen! Are reapectfally invived wo examine our stock, which embraser noe ee eS roe many exclusive novelties ta all prices, and on liberal terms. ILLS JEMMBRSON WISHES TO FIND HIs BRUTHER CHABLAS STRBET & ( 7 Broad way 2M | Peter, Jemm«raon, whom he has tot seen since be waa St_Nivholas Betel. ve years of age. any information oon to Wkeen wood Furnace, Orange county, RY! wil be mou | [[NFQUALLED STAMPED EMBROIDERY MARUY AO. fu. tare —P. LB PRRORV 41, (Charies Mancel, succssser,) thankfuily reoeived. MILi's JatMeRSo~ crocs, He ¥ ~aacam Manel eal i soem.) DIRACTiON OF MI8S ANN 0. THOMPSON, Lite | Perceval. gives kiads ‘Cam! P emb olds made toorder, initials soolioping, yokes. de... | wg eg Ep a Pe A Ts MOTHER OF A FINB HS sLTHY MALE INFAMT IS desirous of having & revp-« aole fam ly baving no call. dren, o takelt and adopt is ae thelr own. Address office. B. JOHN THOMAS WILL LRCTCRE TO.MORROW per gae Meade Sieees penal ly 10 M sears & raat SRA an ueg Oe oan wae are | Setar br te bank ustan "GWEERSY"Prosden a Jo eterat Preaching. uert Sabb AT FOUND—ON THR KING'S BRIDGE BOA), chariea B. Harris, « Cnristinn Jo oi by hich the ownew can have by galling upoa M Gibeoa, Servi ‘commence corner street and King’s Bridge road, proving pro: o Fa are invited to attend Senta tres. big perty and paying charges. -f . — SION OF GRACE CHUROH (PROTEST ANT EIS (QUND—ON THURSDAY, IN A FULTON FSRRY ce Ciinton Astor place, in charge of Rev. Ro- ‘stage @ package, wh ch the owner can bert @. Dickson, , Living serviee every Sunday at 10%6 A. M. | ihe oftee of Julius Wadsworth & Oo, $9 Wal O8T—A POCKETBOOK, AT THE METROPOLITAN BMORIAL CHURCH.—REV. FREDERICK OG&LBY, Hotel, ‘august 28 containi assistant minister of Trinity ehareb, will preach to mor- shscnpupenumee *, ao Bre{and Warenay aot Rirsasras OL tal Fy a P one od 4 . YORK REFORMATION MOVEMENT.—THE REV Dr MAOMENAMY and missionary friends of various eburobes wil (D V.) resume the well known ser- jomiah Doctrines OST —IN AN OMNIBUS, BRT WARK nd Practices," in the Mission doen tam roi paree black velvet purse, containing ® small sum church, Twenuietb street, beteeen Firet and Second avenues, | money 2 finder will be suitably rewarded aod confer to-morrow (Rab! ) oe or al : ip rl eaten STM Seek, All ace repent | (Avorn te ower indy ob? retaaiag to he Rowse ‘OBTH RBFORMBD DUTOH CHU: o N William and Fu ton streets Bt} iets ands lavited La FIRBMAN’'S BADGE 778. THE FIFDER WILL leans leave it at Bo. 3 Temple street, and he will be M- PPQTESTANT BPISVOPAL PREACH OBURCH —TEE chureb will re open on Sunday moraing next, to afford ibe reetr, the Rev. #. Verren, an opportunity of tabti of the congregation and friends before his journey to for « few mon hs Renn Grote: ROM Ti B SUBSCRIBER, ON TUMSDAY evening, & @aAre And wagon; the mare was about a lone tail, aad bots her hind movery oullt one, with the name both sides, "DASL SHYDER, 907 avenue B. af GAS. SPEsR, BLITOR OF 18E PRISONRR’S Moston, will deliver an addrees in Key De Cha Penal nstulooa of the" Uultod Besion” and e% mauiat © Uniied Btaion 7 — — ANT RUCTION = —BOURKSEPING, WRITING, SRITHMETTO, £0. RIAGES, &O. $10. —Mr DOLBBAR 699 Kroadway, keeps the ~~ > commercial aca-emy in New York, a. vrepares stndene 4 A, Care 2 py] precdeatiy for busioess The tall term commences fuseday, geotle, 2 a Gptetee, eam wok a L Three tes dollar seats for bookkeeping ve ‘Will be disposed of togeh no late top, wagon, pole and or with @ Light top, wagon ele, made by Watson, phis: weir Ent im perfect order, Addrees Joseph, Hersid A ROAN MARE, 18 HANDS HIGH, RIND AND keoile in single or double harness oxo trot tn 2 either tingle or double, and for ety € and action can't be war pas ot, and an excellent sa: dle mare: also, & nice eqnare bor Woman naring the city, and will ba" sold reusonecio. ‘Ing ttre “ lartin's very stable, Thirty third street, near 00, for ree aay HORSE YOR $10—A HANDSOME LONG TAIL 4 bands LADY WO CAN FUANISH THE HIGHRST Tae A timontale aa to abill'y, wishes to obialn 1a ‘5 hast Bleventh greet, one door from Secon GREAT BARUAIN.—FOR SALE, FIVE HORSES from 16 to 17 bands high, splendid trace coal eart or from $10" to $180 each. wom ond abs mee of Monars Sondert Browers, — * = law, Nos. 39 and 4) Ano street. FB, MAURION, Principal j) STR 'S IsTTIAtO: COUNTING HOUSE, NO roadway (A jail ting ) i a sebool of method, here i Bret ob tom the Primers requisites for. meres inatrooted .o the fh making Out involees, aooounte o' OR PALB—ONE LARGE BAY BORSB,OAN three minnies wereoaes sound and kind tn t clearer thy orednal . ‘And intelligent master oan alone supply. DS BIVEB INSTITUTE AT CLAVERAOK, ‘York, ma’ tamale — | and vuition §'2) per ‘Term opens september \8 Gentlemra instructors in music, painting and modern languages. Btoves in rooms. The Rev. A FLAOK, 4. M,, Principal ERPRY CITY, 14 WARREN S°REST._THE MISSED Lema ae bOUBS ELLER inary OR SALB—ONE OF TWO BRAUTIFUL SPAN OF Ay. September 1. Btages from and Jersey ms ona getine Son STE ae | a a ont rm to 5 VER, Je ttreel, or H. 8W Miadininwn ‘Oreagecsanty, B oa tans M'sRe MEEKER'S ROARDING AND Dat Skee il rece om Moa/ar, Sept 14 st 09 P Fos, SALE—A BAY MORGAN HORSS, 6 YEAKA ULD, | S°ORtD Htroet between Fifth and avences. 16 linnds high, warranted seand and kind lo all barn na RN aR Np aE doeten's by is stylish and a fast ton'a horwe; is very «i anda Call athinblen M11 ay mireet, Wookl. a R 8ALE—TWO HORSES, |ABON ABLE PRIVES Lhe owner having no use for them. Apply to 8AG Rid Mt Soreer of poerta A An exeellen family traveller wy pate aroaae Palanan PRORS LRSPINASSR & DE LASRALLES F: board! Macdongal street, for Kew York aed resume the cinsses ie FINK, 8 avenue B SALE CHRAP—THE BAST NEW YORK, BROA > way And Williamaburg tage line, This is without doubt the | Lewp! home the paresis on Peat ling, ia Brook Myoteal to Say ta New Yorn ma" TViN8, Bast New York, Long inland. = EB GRAND-VAL'S FR SALE OHBAP—10 RAILROAD, PLANTATION OR i gens bopiember’ f ‘OFS, LBUPOLD M conrang school, Badeoe crnasienl and. gommerdial Olreniare at No. 6 Broad street, ation, vember’ 1 ‘Erosion Tnsurance’ Compe: y's office 1 NAARLARR POLY NIO INSTITUTE. FOR Thaiteneral Rageation i rt Ragnar Tope? sphiaal a4 farm carta, six, two or four horse wagons, with barnes of all Binds. at the factory of Michel owe, corner ro or and Waiten sireota, Jersey Chips whan PAUCK FOR Bail HORSE WINDLARR trek, for i Pia} au RPO walle oro a pale— Short of gigereyentee vege reenter inortna RET RSSE $128 t 9,00. fino Ebetland ponies, $70 to #198, inglish dopkeye. jacks ano jensies, Pigs, improved Women ard Salton precae adress W. JAY, dr, Ka onan, Wentohester county N.Y. Conatroe tre —The fret the tn yen & mt oe of September: copiee of he ananal apecial ly to B B cTgunn ireolor, he, RP. 1., Troy, Now York —a YOUNG LADY THOROUGHLY p "T"fea'g teach Tain, French, German Ttallan, high Ang. lsh branches, painting ye if yy ‘4 De preferred. “Good be give a Ww pra f 2000 FAMILY HORS, ABOUT BIR | EF 8 good Traveling: “Apply stl Ulamber trea, | CARPETINGS, UPHOLSTMRY, 0. ———— = ARPRTING, OLALOTHS AND CURTAIN GOO NEWSPAPERS. 0 Asnianie Gala Am C0Ces, ae. = ie Wail nureet, will not affect the insne of THOMPAON" LAPORTER. haat Paper rematne In the hands of the same er aa been ve and ill continue Bo promptly served vo ru heretofore. = T's FUSPRABION OF MR. JOHN THOM) iP (48108 APPROVED TIME BUYERS ARB LEBRATRD SOOTOH ALB, to examine my stock of Havana, domestic and ah pewars, as | am below prices, and have a stesk oul Mlnae, 50 +d 61 Beaver street. Of over & mille segare on band. Gentlemen are invited to call the merits of tls bo nent of all imported ale?’ eM