The New York Herald Newspaper, August 29, 1857, Page 4

4 NEW YORK HERALD. Biles orca sAumKS GORDON BENNETT, ‘WDITOR aND povedoueredovotrren QUVICN B. W. CORNER OF FULTOM AND NASSAU OTP. cach A 79 noo conta per copy. OT per anmman. Fan DUE) BERsED, te om Feimentny ok our conse par Bir whEKEY Ly rd oF annem ‘annem, Seren” Sal Brin, or oom part a bok VOLURTARY ing, oisind from any qnatter of the pect pee Per cote relly paid for. Coazasrompants ans Pan- ue Ruquestes to ol. Laremas ap Packscns ‘0 NOTICE not F NOTICE taken of anonymous corrarpondencs, We do JOB PRINTING executed with neatness, cheapness and des- FIBLO'S G@ARDER, Boamr—Maip oF e. Broadway—Toona ‘Onwer—Prowsn aps Comcuar—Naver Bagacanears. YY THEATER, Toon pa Watis—Pavr domscPon or lonossSeuer’ Bavasc, BURTON'S NEW THEATER, Broadway, opposite Bond— Boos Oerus—Banast is YMPIO THRATRB. 606 Broadway—Kare Kaanny —lunews Fourtas—Jeeny Linn, Broome Basr—Dissorvure Views—Opniosivims, £0. atin on BY Pera oe Sew York, Saturday, August 29, 1857. The fews By the arrival of the steamship Philadelphia at this port and the Catawba at Charleston, we have Havana dates to the 24th irst. The news is impor. tant, both commercially and politically. A crisis in financial affairs, with a stagnant sugar market at deciining prices, together with a revival of the dis- cussion respecting the abolition of slavery, are the main points of the intelligence, full details of which ate given elsewhere. General Serano had been placed under arrest for alleged complicity with the slave traffic, which does not eeem to be at all checked, There was a rain storm, accompanied by a heavy northwest cele, on Thursday night amd Friday morn- ing, curing which the Hoboken ferry boat Paterson ran fou! of and sunk the sloop Avrora, of Tarrytown, loaded with thirty thousand brick. The crew of | tne sloop were rescued. The vessel will probably be raised in a day or two. The British schooner Mary and Sasan, from Eleuthera, went on shore at Sandy Hook daring the gale, bat was subsequently got off by the st amtug Wave and towed to this port. The ship Roswell Sprague, Captain Patten, from Cardiff for New York, went ashore about six miles north of Squan Inlet. It was thought she could be easily got off. The ship Clara Brookman, Captain Higgins, from Liverpool for New York, also went ashore six | miles south of Squan Inlet. Our European files by the America contain the fall particulars of the accident which occurred to the Atlantic telegraph cable. From India we give | the latest news, embracing reports of the sorties maée from Delhi by the mutineers. Advices from the Cape of Good Hope to the 24th | of June state that the men of the German Legion | were settling down cheerfully on the lands allotted | to them, and they seem likely to bec »me a most va- luable acquisition to the colony. By way of England we have advices from South Americs, dated at Buenos Ayres, 2d; Montevideo, Sth; Rio Janeiro, 15th; Bahia, 19th, and Pernam- buco, 224 of July. Political affairs at Baenos Ayres eeemed quiet throughout the different provinces, but it was rumored that the English Minister at the Parana was going home, not having been able to areage anything satisfactory between Urquiza and Bognos Ayres. Trade at Buenos Ayres rather dull. ‘The fever had entirely disappeared from Montevi- deo, and trade was improving. The yellow fever at Bio Janeiro had almost entirely disappeared. At Bahia the sugar market had been very quiet. No Bales of importance effected. Prices nominal. At Pernambuco, the murder of Mr. Gollan, English Vice Consal, was stil] involved in mystery. Com- mercial transactions were somewhat important. In eugere a fair amount of business had been transact- 4, and prices had varied but slightly. The Pays, of Paris, publishes @ correspondence from the Hague, under date of 8th inst., by which it appears that the Governor of the Dutch East Indies had entered a protest against the occupancy of the | Ova-Horn Islands by the English. These islands { are sitaated on the limita of the possessions of Hol- | land, in Eastern Oceanica, and the following are the | cizcipal ones:—The Island of Cocos, or Neoula- the Island of Varaders, or Island of Trai- and the Island of Oous, the most eastern of the | erchipelago. A volumivous memorandum is said | to be anrexed to the protest, end it appears from it | that (Le smal! archipelago of Oua Horn belongs by | ight to Hol'and since 1640 The South:rn wing of the New School Presby | terian Church, which seceded from the main body 2 comsequence of the antisiavery action of the | General Assembly held at Cleveiand | st spring ate now holding a convention at Richmond, V ¢ ec what they ebali do ander the circum: to yerterday nothing of importance had ther they will join the conservative mbly, or form new organizat! be eeen. There seems, however, to be ttie doubt bat that they will totally disconnect Tom ¢ tra New School. The Cro ion at Cleveland, called to devise a of tae emancipation of siaves on the com ciple, adjourned finally yesterday f labors of the Con appear to be simply (be adoption of a plan whereby the genes! and State governments shall purchase the siaves st the rate ot $225 each, and the organiza- | tion of au association to carry he movement, The Democratic General Committee of which Wilson Small is chairman met at Tammany fall ast evening and appointed a com: :ttee, consisting of Josian Sutherland, R. B. Connolly, Michael Tao- mey, Wm. J. Brisley, Bernard Kelly, Anson Herrick and Wilson Swail, to ascertain and report upon the practicability of harmonizing the conflicting inte rests of the democratic party in this city. The | committee were invested with power to confer with ommittees of other democratic organizations with | she view of adjusting differences. Aldermen Mcnaghan and McConnell and Council, man Van Tine have been delegated to proceed to | Nashville and receive the gold box left by General Jackson to the bravest New Yorker. The commit- tee depart to day on their miasion. ‘The sales of cotien yesterday were confined to about 200 ‘aloe at fell prices. The market was firm, though compa- ralively quiet. Flour closed du.) and heavy, and for many coscriptions (be tarn of prices was in favor of purchasers. or, with light sales of prime new Southern 1450814, and new white do. at $1 TL. Cora sold toa limited extent at 866. Pork experienced a epecalative movement, with an advance in pice The sales ombraced 1,400 8 1,500 bbit mene at $m 02, check oo the day, aod sales of 250 bbls. Of prime were mate at 811 TH. Sugars were inactive, and sales confined to 900 5 et rates given i® mnother columa, There og 16 Coffee, with sales of 2,800 bage &. Domingos 2 960 40, Rio, and 200 mate Java, ai rates given in another place Gralp £ eights to Liverpool e ere Ormer, and 11,000 @ 12,000 Durbels, tn balk and begs, wore engaged at Sd. 0 Sid. and Ud At the close 44 wae asked, and 6,000 fo wheat wore takea for Ginagow ai 6d., in ship's bags. e ecbeme pensation 1 Svocrstioss on THe Farcne or THe Ovras Thus Since the arrival of the news that the laying of the Atiantic cable failed on the firet trial, we bave been called on by several ecientific men, 6 and others, who suggest various L whieb succens migbt be eneured in the We have been flooded with com- the eame subject—some of which we f t may be tall, that the lat t " & ber r than aa evil enlisted u tions on | dirty charlatans for obtaining money upon false | edly for a hundred years to come, it will | { require, cash down, exactly those one hundred | | H | Northern reformers for the abolition, suppression NEW YORK HERALD, SATURDAY, AUGUST 29, 1857. in the subject, and there is no doubt that many valuable suggestions will be elicited, which, if the under akivg be not resumed in October, may Prove of the utmost importance to the Telegraph Company. It would be well if scientific persona who have formed any new views on the subject would send them to the President of the com- pany. They might be all collected by him and laid before the chief enginegr. The article in the Henaxp of yesterday we think has throan much light on the cause of the recent failure and may lead to an investigation which will prove of the utmost value. Let us have all the pertinent suggestions possible. This great echeme is the business of the entire world, and we hope that its united knowledge and skill will be generourly devoted to it. Southern Sila’ The Cleveland National Emancipation Convention. “The Learned Blacksmith” and some other benevolent individuals, (who believe that slavery is a “ ain against God,” but who are not prepared for the revolutionary mode of abolition peculiar to the Lloyd Garrison faction,) have hit upon a notablo plan of emancipation, to wit—the pur- chase by the federal government of all the claves of the South, and their immediate enrollment among that most unfortunate of all classes or castes of our population—“the free colored Americans.” “ The Learned Blacksmith” and bis Icarned co- laborers, in pursuance of this grand idea, have been holding for some days past, at Cleveland, Ohio, a “ National Emancipation Convention,” the net results of which thus far we have epread | before our readers. Reduced to a nat shell, their philanthropic plan of mercy to the slave and justice to his Southern master compro- hends the appropriation of the proceeds of the public lands, and the annual surplusage in the federal treasury from the customs, for the | purchase of as many slaves annually as theee i revenues will bay, to the end of the ultimate abo- lition of the institution of slavery in the South | through this soothing system of buying ond emancipating. Now, to such men as the Learned Bloc! and those doctors of theology whose lives been devoted to the sludy of the dead languages, this visionary project of blended justice aud mercy may appear as the grandest and most for- tunate discovery of the age. But to any man of | common gense and common observation upou the subject, this echeme of federal emancipation can only be claseed among such modern discoveries as woman’s rights, free love, spiritual manffesta- tions, and the Fourierite theory for “making labor attractive.” When brought to the cracible of a practical test, we have seen that woman's rights, as demarded by Lucy Stone, Sojourner Truth, | and compauy, are as absurd as the right of the hen to play the part of the rooster; that spiritual manifestations are but the independent devices of pretences; that the divine harmonies of free love are the abominations of the Five Points; and that the Fourierite system of “waking labo: at- tractive” is but 8 miserable admixture of free love, free laziness, free rage, and deetitution. We apprehend that this slavery emancipation scheme under consideration is not whit less absurd and impracticable than the most visionary of these aforesaid impostures Letus see, There are now fa the Southern States upwards of 3,- 500,000 elaves; gnd at the present high prices paid for nigger®, from Richmond to New Orleans, | they are probably in value equal to the stupen- dous aggregate of tio thousand millions of dollars. Now, allowing the liberal margin of a treasury surplus from the public lands and the customs | of tweaty millions per anoum auiulerrupt- | years to accomplish the work of buying up the ‘The Military Leaurfection tn India. Up to the 27th of June—the date of the latest advices from Delhi—that beleagured city had not fallen into the hands of the beeiegera, General Bammard’s army still lay entrenched before it, awaiting reinforcements, and occasionally engaged in repulsing desperate eallies made from time to time by the besieged. Atthecommencementof the siege the Lonéon journals expressed the hope that Gen. Barnard’s qualities were rather of a daring and desperate than of a cautions and character, because the British sway in Iedia hinged upon the prompt and decisive extinguish- meat of ibe mutiny. Their hopes in that respect have not been gratified. Instead of exhibiting that desperate daring which is often euccessful in war, and which, indeed, is sometimes the high- est evidence of generalship, General Barnard evems to have adopted the Fabian tactics, and to avoid fighting unless when forced to do a0 by tallies from the city. We notice that there is considerable dissatisfaction expressed at the in- action in which the besieging urmy is kept, and that the anticipated effeot of tnis has actually occurred in the universal spread of the mutiny throughout the dominions of the ex-King of Oude. ‘The Britich force entrenched before Delhi on the 27th of June consisted of about 8,000 Euro- pean troops, of all arms, and of about 5,000 native troops, of all arms, Reinforcements were daily arriving, and an order for a genera assault was anxiously expected from day to day. Much confidence seems to be entertained that a general aceault will result in the capture of the city, and the wholesale slaughter of its defenders. As they showed no mercy to the helpless Europeans, men, women and children, who fell into their hands, so they csanot expect that any mercy will be shown to them. Therefore, if Delhi falls, we msy expect to be shocked with a terrible tale of bumen carnage. We do not think that in the present struggle in India the sympathy of other nations should be exclusively given to England. To be sure, every one must cOndemn and deplore the atrocities per- petrated by the mutineers upon womea and chil dren; but still there were many creditable excep- ious to this rule of blood and vivlence. In several instances, particularly in the garrisons o¢ what was reccotly the Kingdom of Oude, the revelted sepeys mounted guard over their discarded officers, protected them and the European women and children from outrage and violence, permitted them to carry away their private arms and property, and furnished them with boats to leave the territory and with money to defray their expenses. They were only pre- vented from carrying away any public property, which they were reminded belonged of right to tue King of Oude, who is now a prisoner in one of the fortresses of Calcutta. that plundered and violated kingdom ought to be balanced against the inhumanities practised by the insurgents at other points. And then, Tiindostan have been for the last centary perse- cuted to the utmost limits of endurance. They have witnessed the effacement of their nationality, the plunder of their property, the demolition of their cilios and sirong places, the destruction of vheir industry and commercial proaperity, and, worst of all, the revilement of their religion. All these are cauees sufficient to incite in their micds a deep feeling of hatred and re venge against everything English; and the receut ridiculous attempts by the connivance of the government officers to force the sepoys to violate their religious scruples only aided to de- velope and to inflame all the pent up elements of hate in the Indian character. The sanguinary cruelties practised by them upon the English that of retribation not unnatural under the circum- stances. tlaves of the South. But when we come to em- brace in the estimate the natural increase of the | elave population, aad the chances within the next } hundred years of a foreign war or two, the cost of which may require all the means of the treasury for ten, twenty, or fifty years to | liquidate, the ultimate consummation of the work of abolishing slavery by buying it up, is blended and lost in our calculations of the millenium. The doctors of divinity and the professors of | philanthropy, therefore, in convention at Clevo- Jand, under the auspices of the “Learned Bt amith,” have elmply 1 nd fiddle to a icarned simple pored that ry Clay's tavozit ¢ gradaal abo- 0 Of elev he regenera the c Africa, o tion of wit-—-the Li zat “8 about as nesr toptanst 0 of philanthropic eraucipation a anythiog could possibly be. But this Cleveland cuncil of learned ti on political economy hae euch an overflow d of brotherly lov § South, that for the ake of ring their perconal the Treasury, thoagh thus be reduced, by a purcbs the wretched cor i tz aod all, | This notabie scheme of the learned abo. | at Cleveland for negro emsacipa tion is but another element introduced among the nigget agitatious of the day. Liverian cvivniza. | tion is a good thing in its practical reeults for the colored race, a4 far as it goos; but we have scen enough, even in this experiment, to discover that | without fresh recruits to Liberia from the United | States, that free col tepublic within a generation or two would relapse | into African barbarism. From the ‘me of the Pharaohs to the time of Faustin Sou. louque and the King of Dahomey, we find that the condition of the Diack race is under the re. | straints of bondage or the exceeses of savage life. We find that the slaves of our Southern States, in social, moral and intellectual elevation, are as far above any other branch of the African race since the days of Noab. as are the field hands on | the Savannah river above the wild tribes of the Niger. In a word, all the philanthropic schemes of our or limitation of the institution of Southern | slavery, are only fraught with mischief and folly. The metes and bounds of Southern slavery can only be reguiated by the fundamental laws of race, climate, trade, productions, and the pres ture of an irresistible emigration. And while the hot sua and steaming malaria of the South are health and longevity to the negro slave, and death to the white man, and #0 long as the world shail be clothed with cotton, so long will African slavery be the chief inetrament of its cultivation” Proved in Jamaica that when Sambo is hie own master he will work neither for love nor money, we would simply suggest, ta conclusion, that this notable emancipation project of “the Learned Blacksmith’ will be rejected throughout the South and the country 9s nothing more than the explcded phar turopy of Wilberforge | Company. The history of the Eoglish sway in the East ludies is but a long extended series of oppres- sion, spoliation, crueity and torture practised upon the usually patient and inoffensive Hindoos. Now and again, at short intervals, have the East India Company and the English government had to contend with one or other of the petty king- doms or independent teibes into which the coun- try was divided; but these struggles have gone- rally resnited in the subjugation of the people and the anw ion of their territory to that of the company. In this way the Baglish sway over Hindostan has been extended, until now, out of a population of one bucdred and eighty mil- lions, less then om audred and thirty-two ubjected to the galing yoke of the conquest of Ind govewem e made by the haps ¢ hoy have been, uld be per All goverumeats world, mor Lee ud th of th 2 or lees dis ir pow ft otuer people, Bus tetritory by © lish power in the East Indies is y. The British goverament does not, n account, snd at its own expense, make jon the Al annex the wns of his or that territory it be all that to be dowe by the East India Company, and ouly stands on, lends a hand when required, picks up occa- sional spoils, like the Koh-i-noor diamond, and availa itself of the gencral sdvantages of victory. It ie « diegrace to Eag!and, with all her enlighten- ment and her effected rd for Obuietianity, to tolerate for a day the ence of the East ladia Here is 8 population of one hundred and thirty-two millions farmed out, in fact, to this insatiable corporation. Their political rights are ignored, their eocial rights are trodden upon, their religious feelings are outraged, and they are regarded and trested as mere slaves to till the soil for the benefit of their conquerors, And yet, when the first Earopean settlement was established in India the people of that coun- try were found in a very advanced stage of civili- zation. Commerce and manufactures flouriehed. The arts and sciences were cultivated with great success. Agriculture was in a thriving condi- tion. The city of Delhi, probably by this time a mars of ruins, was then one of the mort splendid | cities of the world. An English miseionary Bishop Heber, deecribing the magnificence of | some of the palaces of Deihi, has eaid that they were erected as if by giants and finished as if by jewellers. And now what are the resultsof a century and more of English sway there? ‘They are secn in the induced semi-barbarism of the people, in the decline of commerce, in the almost total annihilation of manufecturing industry, in the neglect of the arts and sciences, and in the deteriorated condition of agriculture itself, The people of India have experienced none of the benefits, but all of the evils and horrors of a con: quest by a superior race. The prevent condition of Indin fe not only a dieprace to England, bat an outrage on humanity No wonder that the Eagtish preercs have had to police the abenoe wll siigere exproesign of of ‘This forbearance on the part of the natives of | too, it must be recollected that all the natives of | eli into their hands must be recognized as acte | or plunder | sympathy on the part of continental journals Sympathy with Eogland is, in euch a cause, im- possible. The sympathy must be with the poor tortwed, oppressed and despoiled natives of Hin- dostan, over whom the East India Company role it as taskmasters, with more cruelty than the slaves of Georgia or Mississippi ever expe- Tience at the hands of theirs, The revenues ex- acted by thut company are nearly double those of the general goversment of the United States. They amounted in 1855-6 to £22,147,347, or over $110,000,000; and of this eum over two- thirds is levied directly on the produce of the soil—the ryots or cultivators being left merely enough tor their bare subsistence, If the insur- rection in India should result in the overthrow of the East India Company, and the eubstitu- tion of the English government for it, the gain Wane ample enough to have warranted the move- ment Impertant News from Cuba, ‘The intelligence which we publish to-day from Havana is important in a commercial and ia a political point of view. It will be remembered that a panic in the stock market occurred there recently, when a ranupon the banks took place, several of which suspended, and a general para- lyzation of business ensued. Money, which had been abundant at an interest of from. three to five per cent per annum, suddenly became very scarce and much eought after at from twenty to thirty per cent. In order to meet this sudden crisis the government authorized the Spanish Bank to iseue post notes having six months to run, and accruing an annual interest often per cent, to the amount of six millions of dollars. Ta guarantee of thesenotes the merchants and piant- ers of Havana have given to ihe bank their indi- vidual security for amounts the aggregate of which exceeds twelve millions of doilars. This measure stopped the panic, bat has not restored genera! confidence. The post notes were not readily admitted into circulation, aud in or- der to meet the new difficulty the merchants of Havana have been under the necessity of com- bining in the public announcement that they will receive them in their busicess transactions. We learn aleo irom private sources that it was gene- rally determined among them to admit American gold, the circulation of which had hitherto been prohibited by the government, because it was supposed to fumiliarize the people too much with American ideas. Tris measure of issuing post notes is only putting off pay day for a time, which must surcly come. Besides this, however, it isan effort to keep up the fictitious values of property and mer- chandise, which has not succeeded. This is evi- dent in the complete absence of transactions in the sugar market, as is demonstrated not oaly by the prices current, but by the curious articles on the subject which we have translated from the Havana papers and publish in another colamn. Itis further evinced by the great rise in the rate of exchange on New York, which has advanced eight per cent in thirty days. This rive may be in part due to the determination of the merchants to admit Amevri- can gold to circulation; but in our view it demon- strates really a depreciation of the currency, which now consists almost entirely of the post notes of the Spanish Bank. Whether this cur rency will continue to depreciate must depend on local causes, of which we cannot judge at this distance. In the political sense the news is important, from the fact that it brings us the first article which bas been published in the Havana papers, since the removal of General Pezuela, announcing the adoption of the policy of the abolition of slavery in the island. Under the strict censor- ehip which exists over the Cuban press, ench an article can be published only with the consent of the government. It was just such articles as this from the Diario de la Marina that roused the Cubans to conspiracy in 1854, as we have fully | explained in recent articles on this subject. It is fraught with difficulty and danger to the existing | government in Cuba, and to our own, in the pre- sent unemployed state of the filibusters. We look for stormy times in Cuba, both commercially and politically. Tue Cror Prosrects ty Evrore.—We have taken eome pains to collect from the Liverpool and London circulars and the letters trom thence which were received by last mail the exact de- tails of the crop news; and we gather from the whole that for « few days previous to the depar- ture of the America there had been heavy rains: interfering with and in some places entirely put- ting a stop to the housing of the crops; in conse quence of which wheat bad risen an average of 2é., and corn in proportfon. Holders were not particularly anxious to sell even at these rates. From the continent of Europe we have as yet no advices that can be regarded as unfavorable to the crope, theugh, as is well known, bad weather in England usually implies bad weather through- out the continent. It would be a tingularly providential and op- tune occurrence for our farmers and cora ers at large, if, at thie eleventh hour, an ac- nt or a series of etorms were to impair the quality or quantity of the grain crop in Europe. It eeems flying in the face of Providence to hope for dear bread; no doubt the happiness and well being of the millions of poor in Europe largely depend on the bounty of the harvest and the eapness of the staple article of food. But, in , our interest, in this country, is in a great ure antagonistic to that of the poor of Eu- rope; what is misery to them is plenty to us; and, when our position is critical, what is comfort to them may be a serious matter to us. We have no hesitation in saying that if the Bu- ropean crop is as ood as has been predicted, the coming spring will be in the West one of the se verest that hes been known for come time. In the cities food will be cheap, and the poor happier and better off than now; but in the country, and more especially in the West, low prices will seriously affect the finances of farmers, For some weeks the Wcstern merchants have ex. perienced the grestest difficulty in making their payments, and have only avoided insolvency, in many instances, by drawing on the good nature of their Eastern creditors. This state o things will have naturally been aggravated by the recent failare of the Ohio Life and Trust Com- pany; should flour and corn continue to decline, the crope will not come on, and very embar- raseing consequences must ensue, It is simply a queetion whether the poor in our country or the poor abroad shall be well off. Both, it seems, under the present arrangement of destiny, cannot ger together; where one is tich, the other etatves; where one loses money, the other is comfortable. Under the ciroum- stances, it is, we conceive, justifiable for us to inquire with some care and thought which ef the two it is likely to be. With to exception of the compilers of weather slmanacs, ro mau can foresee what the cloude ‘Thee are tyewoas for expect che may Ining forth, iog the European harves' to be large; because it looks well now; because Inet year’s was bad; be- cause it will be exposed for « very few days now. Bat on the other hand, a very ingenious Freneh- man who has discovered a process by which the weather can be foretold for any number of con- ecutive weeks, distinctly declares that the next few daye are to be stormy with incessant rain. Our rural Solons may now take their choiee. If they like the Frenchman’s view, they must hold on to their stock in hand; if they think the foreign crop is going to be large, the sooner they sel the better. Strange that such immense interests should turn upon a shower or two more or less of rain; but so itis. Four days heavy rain in England after the America sailed would be cheap at twen- ty-five millions of dollars to this country. Deptey Mays’s Great Scupme—Mr. Bu- cHaNaN Takes One Soark.—The Richmond En- quirer says that the “magnificent scheme of A, Dudley Mann is arousing the South from itsslam_ bers,” and “is even exciting the admiration of the reliable friends of the Union in the North.” For instance, a New York merchant writes them a letter, im which he regards the project of Mr. Mann a {abr inclred to Caleye ast ues line anus poset cow tem,lates would have vastly superior advantages any ‘other that could be ertabsished bet reen the suores of 3 would coatribute more to the Commercis! equalization of be different States than any pian ever devised, and thos enture @ falihtu! observance of the provisions cf the con- stivtion Viowipg the subject in this light, [ suail be much misteken if tae sound Union men of tne free States do not aid tp its establishment, and, os one of tax, nim ber J am preparei to subscrioe my name for ashare ip ihe etock— ibe largest amount perm! ited to one tod! vidual. This is good ; but mark what follows, Says the Enquirer: — This is certainiy very encouraging, but not more so than our intelligence from Washington We learn that the President, as James Buchanan, of Whtsuand, Pa., beads the list for the District of Columbia, When te prospeotus was presented to him, we understand that be read it with his habitual care, and, remarking that he would take a sbare with the greatest pleasure, im- mediately signed his name This ts precisely what might have been expected from one who has ever beon so fair to the South and fo trze to the Union, Better aud better. Who can doubt now the success of Mr. Mann’s four gigantic Atlantic sieam ferry boats? They will only require seven millions to start them; and if everybody will take one ehare—a hundred dollars—the sum of seven millions will coon be covered. The Con- vention at Old Point subscribed eight thousand dollars, which was something; and the share taken by the New York merchant and the share taken by Mr. Buchanan ehow that the good work is going on. We thick the stock might now be tried in Wall street or Tammany Hall. THE LATEST NEWS. Interesting from Washington, THE N'CABAGUA TRANSI£ ROUTB—CURIOUS INTEL- LIGBNON — GTACB OF APFarRS a8 T4BY NOW STAND—THE NEW GRANADA TAKATY, BTO. Wasmmotox, August 23, 1867. Don Francisco Panago, who arrived in the Tennessee Augrat 18, we understand has obtained the graut of the ‘Transit route, aigned by the two Dictators of Nicaragua, Jerez and Martinez, which completely annals the Costs Rican grant istely given to Websier aad Harris. Nica ragua refures to recognize the right of Costa [ica to sei! ‘be grant for lis own aggrandizemont, it being the only rovenue she bas had Doa F. Panago \s at present ia Washington, whore he bas shown his credentials, fully empowered to troat. Mr. Buohansn reoognizes the claima of his goveramet, and, 8 appears, refuses (to endorse the claims of the iste grant of Webster and Harris Mr. Young, who bas been sent on hero by the Costa iti can g¢vernment to sign the pspers contracting with Mor- gaa & Sons through Harris, loaves by the next sieamor, much dissppolated at not rocelyizg the amount of money coming to his goverament by the contrac, eatered into, namely, $250,000, which the Costa Ricans wanied, their treasury being exhausted by the late war. Mr. Harris, who scoompaniod Wobster to Costa Rica, is completely Girgusted at the result of his mission Webster led him to believe, af bie lsaving New York, that be would arrange overytultg satisfactorily aud dual ly, but he seems to be much disappointed. ar. Young, the Costa Rican agent for the Transit, called on Mr. flurris and requested him to bail Mr. Wobrter, which he refured, stating he hedalready lent him $2,500. Colonel Cayoes, who accompanied and dittinguirhoa himee'f in Genoral Walker's army up to the capitulation of Rivas, whence he exchanged intu the Coria Rican service, and is at present second in command onder General Ua nas, and who arrivod io the Tennessee, aod is at present in your city, bas been goen several times in company with Commodore Vanderbilt. The objsct of hie viel isa mat tor of speculation. Judging from tho aiiont energy displayed by Pansgo, the Nicaraguan, aod the endorsement of the Cabinct at Washingion, compared with the apathy and indifference shown by Morgan & Sons to open the rovte, wed the secret apd wily negotiations and dexigos of Commodore Vander Dilt, leads ws to doubt the existence of any grant for the opening of the Transit ronte, and crests = sept ston, Young Anderson, late commisrioner in Now Mr York from Costa Rica to sogoliave the aale of the Transit route, writes to a friend that om his arrival from Punta Arenas to the capiial, company with the Commissioner from thie covatry, Mr. Jones, be was violently sesaulted and knocked dows dy 0 Mr. Young, a resident of Covia Rica. Mr. aa derton alro states thet the Provident atsured him be wou! { give the preference of the Transit route to Commacore Vanderbilt, and that the contract made with Webster and Harris waa worthless. The President enid his resaoa for treating with them was to get Morgan & Sona to take away the balance of the flibusters at their own expense Mr, Anderson soorns the charge made against him by ‘Webster in bis absence, and rays the best reply be can make ts tbe faot of @ depatation waiting on him from his residence in Cartago (twenty miles from San Jos’), to ao. copt a public dinner. ‘The Cabinet had a short session to-day. No appointments were mado. I am inclined to believe tha: the new tromy with Now Granada was the subject under consideration. there are but two questions im this imbrog!io that are di‘floult to get over—the tonnage duties and tho postal tax. Théee will doubtless be adjasted very shortly. The administrs. on are Impatienly awaiting the next arrival from Central America. Nothing will be done until something definite is received from there. ‘The Nicaraguan minister hae had an interview with Gen. Casa, but he bas not yet been received. The administration are apprehenatve something bas happened to Carey Jones, else they must have beard from him before this. The Commissionerthip of Patents has boen tendered to a Pennsylvanian. It is not known whether he will accept. Gen, Doviphan arrived here to-day direct from Kansas, and hed an(nterview with the President. He speaks in highest terms of Gov. Walker, and says that he is sup. porto’ by all he conservative peopis in the Territory; no also saye that Gen. Atchison hae not been in Kansas for elght months. Ele predicts a peacefal settlement of all tho difoulties. THE GRNMRAL SNWOPAPER DEWATOR, Wasnotom, August 98, 1867. E. 0. Perrin, private Secretary of Governor Walker, has arrives here. He ief the latter's camp at Lawrences ten days ago, and reporta that all was peaceful and quiet, and tha| there was not the least intimation of war or blood shed. Governor Walker user the army as a pore comitains when the ¢'vil authorities cannot male arrests for breaches of the prace. The 1,600 troops in Kansas will remain there until afer the election. The Poatmanter General haa jast established @ daily mal! botween Kaneas City and Lecompton, anda tri weekly mall from I.tcompton to Marysville, aad other similar improve- ments are goon to be made. A letter from Frankfort to the State Department rays the Sound Dues have been abolished by the exertions of all the fovernmonts interested. The United States having taken (ae \ond, Yao attention of ihe oommorgial public ia Ger. Sea Joe in SS many is now attra led to the removal of the resirictlons on pevigation ia the German streams, especially the Rhine end Elbe. ‘The Hmanc.'pation Convention, an’? DAY. ‘The despatch from Clevoland published im yesterteag Morning’s papers was so o\ idently nonsense that we re- publish tt in a corrected form: — Oxay. anv, August 27, 18s, In the Emancipation Convention’ to day a series of rese- Tatfons was tntroduced, the princi pal of whiph mates the General government the ageat for the people in emanci- Pating the slaves, sald government paying (0 each Stats abolishing slavery $150 for each slave,: further, that each state should pay to the siavebolders $75 for each slave emancipated—the latter eum to be rai ved by « land tax, and the former on government bords. AS the evening seaston a National Compa ‘sation Emanel- pation Society was organized, and the foll ‘wing ofloes Chosen:—President, Prof. B, Silliman; Corres ‘ponding See retary, Elihu Burritt; Treasurer, Robert Lind ‘ey Murray. ‘Tho resolution under discussion during tha: day waa finally adopted, and the Convention adjourned sin ¢ dée. Whe Southern Presbyterian Conven\ ‘ten. Wasumeron, August 28, 186%. ‘There was nothing done of importazce at the Com ention Of the Beceders from the Presbyterian General Asse bly, which met at Richmond yesterday. PaiLapaLuma, August 96, 169, ‘The symptoms of commercial panic felt here for the Inst-fow days is dying away without @ vestige of failure, although one or two of our banks were supposed te be seriously alarmed. Confidence is being established, and all commercial relations are strengthening. Among the brokers were six or eight lame ducks, whose wounds ‘were bandaged by their friends, and they are now moving about without the aid of bank crutches. Allettor from Washington, under this morning's date, says that the Pennsylvania Dank Building, in South Second street, and not the Custom House, (old United States Bank,) in Chestnot street, will be the Post office. Weather very Hews from Texas. Wasarvaroy, August 28, 1867. Wore in receipt of papers from aii petnte South, by the arrival of the mal! as late az duc. The Galveston News of the 19th inst. says that returns from ninety counties of Texas have been received, and that Runnells, the democratic candidate for Governor, te eight to nine thousand abead. White’s majority over Crosby in the Western dongreasional district ts 4,000, and im the Eastern, Reagan’s majority over Evans ts nearly 6,000, ‘There was a fire at Ciarsville onthe night of the inst., at which the loss was $15,000, The principal eufer- ers were Rhine Brothers, ad ona & Rhine. The cotton crop of Wasbington oonnty, Texas, exoceda the most sanguine expectations. The crop of Colorado county is tolerably abundant. Rain was plouty. The Mexican farmers were sonding large quaativies of corn to Texas. Governor King and the Suffaio Militia. Dorrao, August 23, 1887. Governor King and suite arrived nere at 8 o’clook thie evening. He reviews the 74th and G5th Regimonis of State militia to-morrow Departure of the Canada. Baurax, August 28, 1867. The royal mal! steamship Canada arrived here from Bosion at eleven o'clock last night, and sailed again for Liverpool at 12:20 this morning. ‘The weather is clear and caim. Disaster to Bark Jasper. Norvo.s, August 28, 1567. The bark Jasper, from New York for Charleston, bes arrived bere. On Sunday night, off Litthe Egg Harbor, be was ran into by an unknown schooner, carrying away bowsprit and cutwater. Rain Storm tn Boston, Boerox, Augnat 28-519 M. We are now having a heavy easterly storm, with mech rein. Markets, PHILADELPHIA @TOCK BOARD. » Augrat Stocks beavy. Pennsy!vania 5's, 84; 2034; Long Iniand Railroad, 10°, ; Morris Ca: +ylvania Railroad, 46\,. Flour supply and Souk mm good Cowing forw pn ip quetations. Wheat not acti pe a b6c. Barley ofored freely at $1 25. Sales 4°00 uenels. Bovraro, August 28—6 P.M Flour lower; enles 1,000 bbis. at $5 25 for common Wis- Cousin, and $6.4 $6 0S}¢ for extra Obio. Wheat lower; salon 26,000 bushels at $1 1336 a $1 14 for On! spring, $1 20 for red Indiana and Ken’ y and $1408 $1 41 for choice white Kentucky. Corn dull and lower; sales 4,000 Duabels at T6c, Oats quiet at 38c. 400. Sales 8CO bbis. at 250. per Freights firm; 11}<c. for aes albany. Ry moore for the twensy four boars en neon | jot, 6,000 busneks wheat, 18,000 oushels corm. Cana! exports—7,000 bushels whest, 76,000 buahols corn. vs r 5 BHP Mw Osweno, unchanged and active. Sales barrels, for Portland, at $6 2 for fancy Siaie. eat dull’ “Saiey 6,009 bushels new white Michigan, at $1 ST, delivered to Corn quiet. Freights to New York—Floar, 860; wheat, 100.; and corn, 70. Lake imports—11,800 buabels wheat, 85,000 buadels corn. Canal exporta—12,000 bummels wheat, 25,000 buabels corn CnicAG0, August 98—6 P.M. Flour dull. Wheat active—deoiined lo. Corn be v3 Oat steady. Sbipments to Buffalo—No flour, burhele woeat, 49.000 bushels corn. Shioments to wego—No four, 10,600 bushels wheat, 12,000 bashels cora. #3 Zanrrm Onsmmvarions —In the report of the trip of the Marepya Capt. Joseph Tinkham ts published as the Prosi- Dut is at President of the Port Wardens. Obitmary. RUFUS W. GXISWOLD, D. D. Rufos Wilmot Griswold, D. D., éied on Thureday, the ‘27th instant, in the forty-third your of bis ago. Dr. Griswold was bora is Vermont in the yoar 1816, Ta bis early life be Gevoted bimeelf to the study of ai. vinity and took a degres, But, baying more aptitode for literature than theology, he soon applicd bimseif to the former. Be bas poblished sermons, b/orrapbice and come his- | tories; and many of his compilations have become highiy Popular, For instance, the “Poots and Poetry of Ameri- en,” the “Female Poets of America,” and the “?rase Writers of America’’ bave attained a world wide colebriiy. bounded Imudation of every Joot ef their country. Bis tone is calm acd tempers'o, and he hae not shramk from the reeable duty of \ is the vo = fg Ay ont sight. emits ‘catminter hee ole Glmost all of vine to wi Dr. Grinwold is ontitied ae @ ad d'tiene © fore ee en at ange pun gre er rhe au et ter er years, ond wan ressding bare at the ume ef he death. the Wabash, anc was pald off with $265, which he dope. tiled in the Mechanica’ Bank, taking # cortifioate of deposts thereform, This wae stolen from him by « tround tne Navy Yards and the sallor did not discover his By. : i ?B ye i i it sal ForxntG.—At infant about four montha oid ‘ona’ } td cabin of one of Ly PRoowevait street terry bre = jar aiay afwernoos, snd kee ‘a charge by the Supertn- Won douts af the Poor z