The New York Herald Newspaper, September 1, 1857, Page 4

4 NEW YORK HERALD. ee JAMES GUKVOS BRANETT, apitus aD PROP RISTOR, SPTICE #. W. CORNSE OF FULTON AND NABAAU BTB_ “TED, eo cents per copy, Bl per anms's ALD, woery Sedmendgy ut four eerie por BERALD, every Saturday, ut vx cone per wr; Or $4 por annwin, te “dininy a 8S%0 ang saart of the Eontinont, Koch pen Of no wince corveapomdence. We dot aucouint with mewiness, cheapness and des )VERTISEMENTS renewed sory nertiaemen's én ad: gers he Werkiy Pexauo, Famine Hemaro,and om Cie Gal e80 ant Pernqeanm Redinone, Volume XXKtt.. he LY ae fee ude jose » Wo. wae AMUSEMENTS THIF BVBNING RISLO® S450B8, dy sowny—Marvias—Promexane Conceat- Tas + CROOLEs STH R AY THRATEB fiowery—FaagD AND ITs VicTiMs— Frovcuts—Cranies X/!. mond way. opp rite Bond. NTs OMNiOS, Bort BURTON'S NE® THEAT Baurvs, on tue Fass or 7. LAURA AEEND'S THR: TER Aroadway—sNoRLING—A ComsGa. Lasson~A Guost i :ite OF Aimsmz, EW OLYMPIO THEATRE, Bros¢way—Kaxe Kean. wav—Ls Omaiet—Linenick MOV NUM’ AMBR.OAs MUSEUM, Ph ‘Base —Oissorvixe Vinwws Faare Bromdway-—Boccr oF Yaaio, &o €@BO. CHRISTY &4 WOOD'S MINSTRELS. 644 Broaden, —Brnortas MinsrezissT—Nrw lear Caius, bs. MECHANICS | HALL, 473 Jrondway- Neuno BaLovims, bo. Dows ur ALssaMA- BY Bavany’s Murerems, Hew Yoru, Tucsiay, Septeamber 1, (857. Matis for Europe. THE NEW YORK HeKALD—sB(TION FOB BURI?R. ‘The Ounard mail sicamszip Arabia, Ua. Ssone, wil! leave this port ou Wednesday for Liverpool, ‘The European matis will close ai bal’ pass tem o'clock tx the mornk g ‘The Ecropean edition of the Bagacp, printed ip French and English, will be padlisbed at ten o’ciock ia the morn lng. Single copies, In wrappers sik cons Bubrcriptions and advertisement’ for any edition of the New Yor« Hakan wili be received ei the following places in Rarooe— Lospos—Am & Esropean Express Co , 61 King William s\ Paw Do 80. 8 Pave ue la Boarte Livesro.- Do do. £ Wayel areet Livmxroot—K Suart, 10 Fcc! ange etreet, Bast Havas—am & F irovean sprees Co, 41 Rue Corneille The contepts of the For pesn edition rf the Hewauy wii combine the news received by mail and telegrapa at this Office during the previous week, and up to the bour of pablicatica. ue News. We have a brief despatch from New Orleans, stating that the steamer Empire City had arrived there with the Cali ia mails to the 5th ult Toe news both from Culiornia and Ceutrad america 1s said to be devoid of mtorest. The steamer [binois sustained but little dawage from going ashure oa Colorado reef. She wili probab'y arrive at this port today We publish under the telegraphic head the oMlcial report of Capt. Hudson, of the Niagara, in regard to the bresking of the Atlantic telegraph cable. He says at the time the cable parted the company’s chief engineer, Mr. Sright, and his assistants were attending the brakea to lessen the expenditure of | cable, antil it was finally cartiel away, which mace all hands ‘broughous the day feel like a house. hold or fawily *bich had jost ther dearest friend Capt. Hudson says, also, that he bas every reason t believe that, ander ordinary cirsumstances of ‘weather and with me olnery adapted to the par. pore, the cable may be laid in safety on the track marked out for it, Wuile returning the Niagara and 4gememncr had a trial of speed, in which the Niegara bore away the palm. We learn from Washington that ten companies of soldiers have been sont w Kansas to replace those ordered to U'uh. The commitwes of conference from the rival de mocratic factions failed to come t» any agreement yesterday, and last night the Cooper Committee ia. eued # call for a primary elect.on on Friday night next, to choose delegates to the Democratic State Convection, which meets st Syracuse on the 10th inst The prospect now is, that there will be two full deiegations +ent to the State Convention, and the Gemocracy of the rural districts will have to pass upon the regularity of the rival city organizations, Ap embezzlement of seventy \bousand dollars has been cetecied in the Mecvanics’ Banking Association of this city, The delinquect, it is said, holds an of- fice of trust snd reepoumbility in the bank. The matter has been piaceo in the bands of the police, but up to & lace hour last evening no arrest had been made. ‘The third day's festivities of the seventh annual Meeting of the Social Tarnverien, in thia city, yes terday, were unusoally interesting. There way 4 grand procession and picnic, and speeches fron Mayor Wood and overs, with rivers of lager bier and a good time generally. A fall report of the say ings and doings is given elsewhere. {t is carious to Observe what 4 liking the politicians have fur lager apd their German fellow citize ba The ‘ival Conventions in Minnesota have agreed that but one constivation shall be presented to the people. Tae Croton Aqueduct Board met yes‘erday, for the purpose of deciding upon tbe bids for construct ing the new reservoir at Dighty-second street. No award was mee, boworcr, owing to @ protest hav. tng been entercd by the third lowest bidder, J. P. & T. Cummings, Jr., againet giving the contract to the second lowest bidder schild, Coleman & Co, becanre of one of the sureties of the lat named party holding the office of Tax Commissioner, which circumstance is alleged to be a disqualification. | The proposal of the lowest bidders, Dicamore & Wood, wae decided to be informal. The Board will meet again om friday next, when the matter will be further considered. At » meeting of the Commissionets of Health yesterday, a petition of the brig Ida Raynes, from Maracaibo, for permission to proceed to the city, was referred to the Health Officer. with power. No other buriness was ‘ransacted. Mrs. Burdell, other#ise Cunningham, yesterday applied to Jodége Peabody, of the Supreme Conrt, for » writ of habeas corpus, io order thst cause may be shown why ehe ebould not be admitted to bail. ‘The writ wax granved, retarnsbie at teu o'clock this forenoon. 1 is stated that a brother of the late Dr Bardell i# expected to arrive ia thia city shortly. from Cincinns'i, when appiication will be at once made for jetrers of o tration on the Bardell estate. It isnot «micipsted chat Mrs Canuingham wil appeal from we 1 We have cewe from ‘ecision of the Sarrogate. Veroembuco to the 25th of July. Mach fever prevailed in tae in'erior and on the coast, bot the health of the port wns improving. Bogar wae scarce, but no improvement ic prices bud taken piace. lreighis were dull. It was expected that revers! new coflee pleniations woald be auder bearing next year, The tees were five years oli nd promised well. The Emperor and the imperial family intended visiting Pernambuco abou: the middie of August, and great preparationa were ve ing made for their recep ion. « The argument in the Bireot Commissioner case which was to tuke place yesterday in the Sopreme Court, wae further postponed, by consent of coun sei, to Friday next. The schooner loeberg, built by Dr. Rea, who in tended © wtart ext spring in ber im search of Sir Jobn Franklin, has, it is supposed, deen recently lowt op Lake Ontario, between Cleveland aod Kings ton, together with oli ber cre #. The Liriish mteaimer City of Toronts, bound from Liverpool for Mont eal, went ashore opposite Por tau, Strait of Belisle, on the n ght of the 17+ alt 28 tog. No lives were lost. The vessel was feeds wor off and taken to Portesu. ds0wher will be fonnd a report of the aevond # Rproceed ny the Presbyterian Secession PeBwon At Tichimeed, Va. Hut lade more than ere business was tanracted. The call for thix land, wis read. Tt exoiains at longt», the resaous why @ sece sin ‘rom the Guveral assemoly had bs come im. vitah'e on the part of those opposed ty the progressive sc'ton o idat bocy on the subject of slavery. Ube Genera! asserbly hyd avowed that the relation © mas erand servant, which necessa- vily involves the idea of property inthe services of che latter, is asin in the sigtt of God, and an of- fence in the sen ein which the term is used ia the constitotion of the chucch, The Cleveland Conven- tion mu ntains that the principle involved ia this declaration wou'd convert the highest jadivatory ia the church into an ecclesiastical despotism as tyrannical aa that which has distinguished the Church of Rome. The call having been resd without observation, tha mode of voting at the convection was, afer & brief discussion, agreed upon. The Comm'tiwe on Business then laid be‘ore the meeting s report en- dorsing the action of the Cleveland Convention, and calliog upon all the Presbyteries iu the Presbyterian church, North as well as Souts, which are opposed to the agitation of slavery in the higheat jadicatory, to appoint delegates in the proportion prescribed by their form of government forthe appowtment of commissioners tu the Assembly to meet in Kaox- ville, Tenn., on the third Tuursday ia Mav, 1858, for the purpose of organizing a General Synod, uader the name of the United Synod of the Presoy. terian Charch in toe United States of America. af ter a short discnssion the consideration of the report was adjourned, aud made the order of the day for the next day's iting. The coon werket yesterday exhibited some more wil- Minguese on ihe part of wolders to meet buyers. Tae rales embraced about 1,1€0 bales, bared apon mitdliag upleads at l6%9. and middling New Orfoans at léc. Flour wan beavy, but, with a fair amonnt of srler, climed at camer rates for mary descriptions. Prime to shoice wheat wat firmer, with rales of pew red Terressce at $1 48a $1 62— the latier an ovteide price—and red Southern at $1 4), aod prime to chrice white do at $1 7088172. Jorn war cader, with sles of Western mixet at $4oa850 Pork was sicady, wih #alos of mons ai $25 76 a $26 STan1 $26, and prime at $2175. Sales of sugars were coniiusd to 30 a 400 bhis., a) prices given elsewhere. Ia anotnor column we give #ome interesting tables of stock, suowiog the ciffcrence *eiween the mocks onthe Osi of September (to-day ) compared with the frst of 4ucast last, and with te stocks on the frat of depiember, 1956. Tae number of hogabence on the frst of Santember ('o-day,) ave 71,053, compared with 87,901 on the fret of Sepiembor last, and 78,883 on the first of September, 1856, show tog & decrease in saob cast. The hogeboads of Molads, boxes ani bags, ebhow sa increase over September, 1856, Dut @ ceorcate com arei witb the etook on the 2st ef Auguat last, Should the pales for consumption be equal to those iu 1848, for Sepiemver, 03 tober and November, the stocks will at the end of the seavon probably not greatly exceed what they vere at tao clore of the searon last poar, unicss the receivts im ihe Bext quarier excel those of Isst year, of which there ti Httle probability. Coffee way sieuty; 1,800 baze ii, Do ming? were eld at 1I7;> The sioot in the ma ksi amounts to 107,070, aod 11,250 mats. Fetzhts were ua charged Grain in bags to Livorpool was taken ai 4d, ‘and oj) cans to L ndop at 15a. A Plan to Sop the « Bleeding” of Kansas— But What of « Bleeding tew York 2” Our distressed cotemporary, the Tribune, is still moaning, groaning aud sarickisg over the suflerings of “bleeding Kansas,” aod will not be comforted, do what we may. But at last, this in. cortigtble Kansas shrieker having heard the news, has punished the practical plan of Go- vernor Walker for putting an ead-to’the “bleed- ing” of Kansas, and for bringiog her quickly into toe Union as a sovereign State, inciudiug two United States Senators and a member of the House of Representatives. And we are sorry that even this simple programme for the settle ment of this Kansas imbroglio meets with no | thing bat carping and fault-finding from oar Tribune philosophers. This programme is the adoption by the forth- coming Kansas State Convention (pro-slavery) of a State constitution silent in reference to slavery; and thisdocument is to be seut to Wash- ington by the first of December, with two United Stave Senators and a member of the House | tobackitup. Better etill: no less a personage than Rovert J. Waiker tumseif, it is said, will most probably be one of the Senators. Against this simple, feasible aad piausible plan for the establishment of law and order ia Kaasas our Zrifne philosophers still maintaia the cry of “bleeding Kansas,” and put ia the flerce onjeo- tion that a Kansas State constitation silest upou the subject of slavery will be nothing more nor jess than the recognition of the institution of slavery already exivting tn the Territory, Well what of it? Suppose, however, that Kansas ix thas admitted, aud thus becomes nominally a slave State, will this be equivalent to the fasten- ing of slavery upon Kansas? By no means. The | State constitation the very next year after the admission of the State may be abolished, aod a | positive free State constisu'ion substituted by command of the sovereign people. It the free S ate party have really the over- wbelming popular ascendency in the Territory which they claim, ove would suppose they would Tejoice to be admitted into the Uuion as a Sats under a constita'ion of almost any sort, inarm ich we they would thus be relieved of the terrorism and de-potism of the border rufflan federal aw thorities, of which they so bitterly complain. Lett entirely to themselves ander @ State gov- eroment, as they will be, there can be nothing to binder them, if they will it, with the popular ma- jority ou their side which they claim, trom an im- Mediate change in their State constitawon, de claring Kausws a free State, and pro- viding for the removal or emancipation of the few tlaves among them At all events, the State const.tution indicated will mort probably come up befxe the new Congress as one of the very first issues upon which they will be required to act. In the tnterval, ag there is no possible way in which the people of New York can mend the matter, one way or the other, in Kanese, we adhere to the idea that tae best thing we can do is to let Kansas alone. But why should our Seward politicians, phi- Jan‘hropiste or philosophers grumble or groao ‘n view of the admission of Kansas as suggested? If there is any dirty smuggling io the business, it will play the misoniof with toe Northern demo: cracy, aud give @ corm«poniin, Litt to the Sew- ard Holy Anti-slavery Aliinnes ia every Northern State, at the eame time that the people of Kaa- sae will be relieved of the thorities,”’ their “bogus laws,” their “treacneroaa Governor,” the “treachery of the administration at Washington,” and the “ferocious gutlawry of the Miseouri border ruffians.” In any view of the subject, therefore, the aforesaid programme for the prompt admission of Kaneas into ‘he Union promises an early ter mination to the fearful “bleeding” to which Karst ine bon suljected for the last two years and the worst consequeness to be apprehended are rome important political advantages to the With such fio prospects for the free State cause, inside aud out ede of Kaneas, we do hope that our Zrilune ptilantbrop'ste and philosophers will tara their attention to the corrupt, disorganized and de morlized state cf things onder which we are al! sufferiog in “bieeding New Yor’.” The ‘dirty disease” of spoils corruptions, as far a8 Tammany Hall ie concerned. is a trifing bovus Territorial aa Seward anti slavery alliance @areotion, agreed to at the convention at Cleve-' affair compared with the ecandalons spoils and | and things would be as bad as ever. NEW YORK HERALD, TUESDAY, SEPTEMBER 1, 18 whore bead quarters are at Aloavy, We may trace to them and t their infamous joiat stock and ralroai oversion, in ad out of the Congress lobby, the origin of the swindling companies, the corporition and ia Gividna) exojoriona, and the Wail s'ret finascial crisis which bas ao enddeuly come ujon ua [his tois Seward oligaroby of confederate ipoils fiasa- ciers, s'ook-jobbers and ploting politcians that is reeponsible for our enlarged and stil ealargiag caval Joaps and expenditures, aud tur general taxation, increased this year to theexten’ of about four millttons of dollars, And it is this Seward, Weed. Matteson and Edwardssystem of “bleeding,” as applied by the Albanylodby and Legi-luture, that we have now to consiler. Driven ignominiously away from Vashington last winter, this Seward, Weed ao( Mattsson horde of lobby jobbers gathered «gether at Albany and concocted and carried ‘nroagi a variety of schemes of plunder and ipoliation; aud some of the most atrocious of thee projects were levelled directly at toe spoils ani plunder of this city. In tact, upon several oants, we may hold our Seward law makers d the last Legislatare directly to the charges of extortion, “bleeding,” and obtaining mony tpoa false pretences. Tus, our Police law, our ’ort War- den law, oar Cevtral Pa:k Commissiaers’ law, and our City Hall Commissioners’ law, re- daced to their real intent and »peration, were but the devices for “bleedag” this city and its people, in order to supports gang or two, here and there, oi Albany spousma, aad to build up, through taese acts of our orn bogus and lobby ruifisn law makers, the basistor a Se- ward governing junta of penaioned spdsmen in this metropolis. ‘These things, and such as these, arethe issuea for our Novemoer election ; and we an assure our Kansas ebrickers of the 7ribune tht the tax payiog acd liberty loving peopie of ‘bleediog New York” are beginuing to thiok of te remedy of a pescetul revolution. Let us stik to the cauce of “bleeding New York.” Mors Trocrre at Tammany.——We se that the small politicians of Tammany Hall are tili quar. rellivg about minor matters, and the General Committees how no partucular dispsition to unite We shail have to appeal to Mr Sachanan to turn out all these rebellious office 10'ders— moeke a clean sweep—and appoint other in their places, Flere is an opporta. ity to carr the city and the State by a union of tae demoeraic party, aud, exchuive of the State, the salaris of the local offices to be fliled amount to twchundred thousand dollars per anoum. Is ali thi, and the control of the S'ave itsel’, to be throwiaway by some persona! quarrels of smail potto politi- cians? The acministration has tne ower to nite the party in this Sate, and tht power thould be used without fear or favor. One thing, however, is certain: Whiever the result of the Tauuauny troubles mayre, there wif be no misiake about one thing: ‘ernando Wood is the only candidate for the yoralty. Be is the ouly man who bas the condence of the democratic masses when they com to talk about a candidate for Mayor. An amung proof of this fact was given at @ meeting lely held 4] uoder the auspices of the Mayor's potical op- ponents. When his name was mentione, it was received With great cheering, thus defutiog the real object for which the people were alled to- gether. Mayor Wood does not need an’General Committee nomination. He will be wminated by a geveral committee of the masses,who will sweep away all the party machinery, rhich hae become a nuisance. The small politiians wili plenze take notice, and govern themselys accord: iwaly. Generar Ranway Convention—Wrat oven To ne Doxe.--A general convention of delegate from the officers of the principal railway comps nies in the United States is calied to meet at te rooms ot the American Institute, Broadway, tis morning, and it will probably continue its »s- sions duriug eeveral days. We have heard oat the following named companies are to be rore- sented:— LP -ansylvania Ceatral Railroad, Bila delpbia, Wilmington and Baltimore, bdaon River, Boston end Lowell, Virginia and Tanes- see, Richmoud avd Dausville, Ohio and fissis- sippl, Buflalo and Erie, South Carolina Ravoad Ciccinnati, Hamilton aod Dayton, [iliaoi Cun- tral, New York and Erie, Boston and Provience New York Central, Michigan Southern, Jleve- land and Pittsburg, Racine and Mississipi, acd probably many others We believe ths this convention meets chiefly to regulate the dail of railway management, the questions of cova barn- ing, divieion of management, adaptation of en- gine, &e., &o., and to arrange for a trial of a- gines aud machinery to come offin Octobr next. We prsame that this convention wil adojt the usual rule of bothering over smai ms- tere without endeavoring to avert th storm which bas only just commenced, ani which threatens to so far depreciate railwa ecurities that the stockholders of tae best com panies will never see acent of their money agair The depreciation in railway stocks and bonds al ready amounts toa handred million of dollar, or ten per cent on the thousand millions inves ed, This fail is three times our natioual debi and bas already disarranged the flaances of th country to ao alarming extent, Can this cor vention shut ite eyes to the fact that the railwg vosiness is overdone, and thatit never can & made profiable unless some of the parallel line are discontinued? Forexample: [f the rates € freight and pessage were increased on the Eriy the Centrai road would not follow the exampk Ir the Har jem road will carry passengers to Albany at a actual loss on each person, the Hudson Rvot road must likewise lose money. Another fit ab ject of discussion would be the numerous frads and peculations of ollicere having tne practeal management of railways A thorough expoé of the racalities coonected with the basiaas is what is wanted by the innocent stockholirs; and the dely gates to this convention having fits in their poreverion should make a clean breas of the matter, and give them to the public at one. Stop the great leak first, and then attend to the ranall ooes-— otherwise the ship will go down, yich all bands on board. If thie convention ie lim ted to the emall liks let another be called at once to take tae wile matter into consideration. A Maw Wantep ror mr Liverroot, Coxsv- ate. Ms, Forney declined the Liverpool Con: culate, and hae set up @ new paper ia Philadel phia. Mr. Beverly Tucker has followed enit, and declined thin fot Consulate, because it is not fat enough, aod he will perhaps set up a new paper im Wasbington. Who will accept the Liverpool Consulate? Soppose the Presideot tries New York city. Ope cal) Hike thie, in Tammany Hail, ‘Will raises thowtand men. plunder ‘ystem of our Seward Weed oligarc'y, | | Beneficial Reaults of the Fluanclal Urinis. | Some people are busily deploring what they call the “disasters” which are ocearriug in Wall street, These disastere are tha fwluras of sun people as Delannay & Company, the Ohio Trnst Company, and half a dozen stock brokers and speculators in railroad sesurities, No doubt, these fuilares are very aisascrous to the areditors of these concerns; disastious in the extreme to the unfortunate pereons who knew no better than to place thei: money in their hands; aud equally disastrous to ‘hose bling, infatuated persons who in deflunce of all warning, persivted in investin, their eavings in the securities which these failures have depreciated. Tosvch as these the events of the past week may weil be classed as divay- trous, But, when we tarn away from Wall street and from the limited class which has dealings with the brokers, bankers, and sp:culators of toat region, it ie quite doubtful whether the “disasters” of the past few weeks have net becn in their way pro- ductive of good as well as evil to the country. Within the past few years, as ali house keepers know to their cost, the cost of living has enormeus'y increased in this city and througooat the country at large. There is a marked in- crease in the cost of land, clotting, bouse rent, &c.; but the most remarkable ia- crease, and the ope that ia most directly felt by the largest class of persons, is that in articles of food. Beef, mutcon, bread, corn, vegetables, groceries. and provisions of all kinds, have increased fu'l fifty per cent in value, on the gtoes average, within the past dive years, That is to way, we pay to the West and to the producing portions of the country twice as much for what we eat as we used tod> in the years 1850 and 1851. This movement of prices has caused 4 misery among the poorer classes and an amonut of privation even anong those who bave a gon petency which we can hardly undertake to de- scribe. Now, though it is quite true that some part of this increase of prices is due to the discoveries of gold in California and Australia—which, by multiplying the common standard of value have necessitated a correeponding change in the car. rent value of ullarticles habitually exchanged for that standard—yet still it is obvious thst this multiplication will not alone account for the in- crease; for—to go no farther—the qnantity of gold added to the world’s circulation has certain- ly not amounted durivg the whele of the last six or s¢ven years to twenty-five per cent of tne tutal amount in circulation, yet the iasrease of prices, as we have said, rather exceeds thaa falis shurt of fifry per cent. We must look for some other cause to explain the balance. That cause we shall fiad in the inflation of our paper currevcy in the sbape of bank poles, Teilway bonds and stocks, aud otaer tic- titious representatives of value, Two thou- sand millions have been set down as @ low estimate of the paper inflation of this coua- try at the present time—a mach larger sum than ali the gold currency that has beea derived from Australia and Califomia together, This im- mense eapital—this gigantic accumulation of ecemipg wealth—which bas been mosily added to our currency since 1850, has operated on prices in a twofold manner. Io the first place, it has, by the ordinary law of exchange, increased the value of every commodity usually exchanged for paper money. And secondly, the vast amount of wealth thus placed in the hands of large cor- poratious and banks has materially aided the organization of combications among producers to maintain prices above their natural level It is potorious, for instance, that the loans of such institutions as the Obio Life and Trast Company were used to sustain euch combinations, to ena- ble them to “ carry” large quantisies of produce of various kinds, and generaily to help out their extortions, Our beef market here has for mouths and years been placed on au unnatural basis by the power of the middlemen (standing between the dvover and the consumer) to witnbold their stock from market tiil they could command their own prices. Avod we doubt not but in many in. stances these institutions have suffered as much by theee rhaving operations as they have by their copnection with the railways, Such being their seeming function in the economy of the world, the failure of the Obio Life and Trust Compavy and other kindred insti totions baa a pleasing as well as a sorrowful as pect. It they are to be deprived of the power of being useful in Wa'l street, they will Likewise be debarred from mischief in the West, Combina tious to sustain prices above their natural level will now seek in vain the capital by the aid of which the puolic was wont to be fleeced ; for tho banks which stood ia the background and fur- nished the einews of war are being swept away. We see no prospect of immediate relief eicher for the railways or the banks. We expect that many institutions now seemingly sound will fol- low in the wake of the Ohio Trust and the At- woods. It will be some consolation when they break, to know that euch disasters may be an earnest, to the poor, of cheap provisioas, cheap beef, cheap cora, and cheap bread. Rerorts cy tuk Nava Covrts or Inquirr— Necessrry or Inmepiate Action Tiermos.— Some six months have elapsed eince the Naval Courts commenced the revision of the acts of the Efficiency Board of 1855, and the cases of about fifty officers bave been carefully investigated, and decisions rendered. Whether the decisions of these courts be favorable or adverse to the appli- cants, it appears reasonable and just that they be promu gated at the earliest possible moment, and we doubt not that the President will give attention to the matter as soon as he is relieved from the pressure of more urgent State affairs. ‘The authority reeling with him will assuredly not be withheld to the injury of those who have suf: fered injustice, for the inference is fair that some have been unjustly dealt with, From our sequaintance with the personnad of the navy, we koow that with few exceptions the officers whose cases have been investigated are in the prime of life, sud we also know that many of them have families dependent upon their exertions for eupport, and it is impossible for them to engage ia avy permanent business 60 «long o@ it is an un rettled point whether they are to be retained in the active service of the navy. To keep this knowledge from them is nut only high- ly injuxieus to thove who are suffering from the errors which have been committed by the Eifi- ciency Boord, but it falla with a cruel hardship upon thove furionghed and dropped officers, if there be any, who are not to be restored by tae courts of inquiry. We can, therefore, after ma ture reflection, sve uo reason why the decision of the courte should be any longer kept secret. Those who may have passed triumphantly through the ordeal might affurd to wait for toe confirma tion of the Senate; bat to those who have not, # is an sygravation of their position to bave their time aid energies wasted in waiting for the meet- 57. (eee tug 0 Congr-s, whioh caiuot possibly be of any bevefit to them. To ‘ske another view of the sabjeot: Life ia short and uncertain, and this unoer- tainty is a etrong aroumens in favor of an early relief to ths injurrd, not one of whom atheuld be exposed to the chances of sinking into the grave iu gooranve of ‘he decree of the court which has wiped away the stain from bis profes- sional reputa‘ion, How grewtly must the pauge of tbe euflerer be increased, who in his last momen's is made to feel that he isthe viciio: of a gross injustice; and on the other band, bow sweet to bim mast be the tidings that relieve bis miod of aay farther auxiety for his profe-siena! hosor, which to such men ia dearer tran Life :tseif, and constitutes the only heritage of their children! In rection first of the act of Congress which authorized the revisiou of the proceedings of the Efficiency Board, we bave the foliowiag clause— “And in the case ot # retired officer, tne floding of the court, whea approved by the President, shall be conclusive.” It is evident, then, that the intention of Congress was that the President should decide the fute of the retired officer witd- out waiting for tbe meeting of Covgresa, We are justifiid in entertaining the hope that, with this authority betore him, the bumane feeling and conscientiousness of the President will induce him to put as speedy a termination as possible to the anxieties and safferings of those who have been so long kept in this harrowing state of sus- pense, CommenctaL Arrams aT Havaxa—By tha letter of our Huvaaa correspondent, which we publish ¢l-ewbere, it will be seen that trade con- tivure very iractive in that market, in conse quence of the avwillingness of holders to submit io a further reduction in the prices of sugar, whils exchanges stil maintained their advancing movement, Tne measures of the goverameat to relieve the commaaity from the evils coasequent upon excessive speculation, are inspiring the Habaneros with the bope of a continuance of high prices of sugars sod stocks, so that every mau mey se'l out what he now hoids and realise a profit, But these things only show to us that other peopie’s experience profita no one, We, too, have tied post notes as @ circulating me- dium, in the times of Nick Biddie, and dearly we had to pay forit. In fact, the issuing of pro mises to pay, bearing Ipterest at ten per coat, is oaly patting off the evil day. The six months they bave ‘o ran must transpire, and then they must be paid, with the addision of accrued in- terest, At that time stocks will be no higher ia value nor more ready of sale than now, and fugars may be ina like poeition, We think tne government of Cuba bas made a mistake ia aut thorizing the i-tue of post notes, THE LATEST NEWS. Bews from Califurnia and Centra! America, New On.eaya, August 31, 1867, ‘The steamsh!p Empire City, from New York via Ha ana 27th toat , arrived hore last night with tho California ‘mails of the bib inat. ‘The steamship Lilinols, from Aspinwall for New York, with ‘be mails ar d $1,600,000 in treasure, went ashore oo Volerado recf, » hence she was gut cil with muon diflicul ty by meazs of sagisance from Havara, but forvanat.l, sustained but Little damage. She would provably leave Havana for New York on the 29h. 7 Tao news from California by t.la mali ia of @ gonerally upimportent character. Politica! affairs were the chief topic, but even in bess nothing of greet inierest had transpired. ‘The weather hed been good, and the news from the crops is excellent. Several large fires had ooourred in the interior, The towns of Salat Louie and Michigan Cilils bad been das. twoyed by fre, OMNTRAL AMERICA. There is notiing of interest from Conia! America, Interesting from W: THE ATLANTIC CABLE—UKSPaTULBS YKOM CAPTAIN HUDGON TU THS NAVY DEPARTMENT. TAInL OF 8 BZD BBTWEEN THE ENGLISA AND AMSRIVAN SrbaM FRIGATBS—rRO0r8 EN ROUTE FOR KAN Bas, BTC. Wamarvorow, Angtst 31, 1857. ‘The following interesting despaioh from Capt. Hudson, of the steam frigate Niagara, bas beon :eocived by the Navy Departmeat:— Uniran Srares Braam Facara MAGA, Piywovin, Koginad, August 14, 1961 } Sim—1 beve the houor as weil as (ho mortification to re- port the arrival of the Niagara al this port, afer having rup oot three huadres aod thirty four miles of the telegraphic cable, some portions of tt la a de;th of over two thousand tnd Sfty fethoms, or more than two and « quarter miles when it wae broken hy too much presture on the brake etached to the machinery for payieg it ow I have every reason 10 believe, from whet we bave thas fer ox porienced im wire laying, that ander orcinary ciroum stances of weather, and macninery atapes to the par pore for #vob as we have on board roq er altering aud improving—the cable may be laid in safety on the track marks d out ever the 4 lantio oooan. At ihe time ibe cable parted—Angust 11,0464. M— the sbip was goirg along four koo's, aod bad beso ran ning et the rate of from three to four Kkaote taroags the n’gdi, with some motion from a moderate bead een, and the Company's chief engineer and mon attending their brakes to lessen the expenditure of cable, wad! ther finally carried it away, which mate ali beads of as through the day like a household of family wiich bad lost thelr dearest friend, for ofivers sod men bad become deeply tntorested in the muccene of ibe exter rire. Mr, Field left the ship soon afver the accident ooourred: in H. B. M. steam prig Oyciops, for Valontia Day, Ireland, requesting that the Niagara, furquehanoa and Aganom nop should proceed to the place, afloe making Corvin ox perimenis with the wire and machinery in deep weer. The Leopard proceeded a} once to Spt beet: ‘Whe iher the company intend to sup ly aiditional mabe And try it pgaip this season, or defer \t antli next season, | am as yotunad: ised. If the istter, the wire will have to be taken out of the abip and re-tarred, to save it from the effects of rom, I presume a fow days will solro thetr pre sen! difficulties ae to further action; and If the effort ta not to be renewed at this late season of the year, 1 shal re quire further instructions to govern my Caiare proceedings ‘with this ahtp, Your obediens fervent, WM. |. HODION, Captaia. ion. 1. Toverr, Secretary of the Navy. Capt. Hudson alto sends letters from Mr. Bright, on gincor of the directors, speaking in the highost torm® of Capt Audron and ali on board, ant concludes by saying, “I feel tt my duty, before lesving the Niagara, fo stato that I do not consider the fracture of the cable to be fb leant degree aitachyh 0 any one connected ith the ship. On the contrary, I mast ince this opportunity of expressing, on toe part of the Om pany, tho grest obligation we aro wader to the ollloer ‘and yourself and mon; and I will esteem Ii «favor If yon #1) thank them on my bebeif for the over falling 200! ‘and attention which have #0 universally beon dis, \ayed ta our cause.’ ‘A trial of epeod was alto made on their returning to nogiand, between the Azamemnon and the Uuited states frigates Niagara ond Soeqnehaara Tho Nisgars witt all ese pasned the Agamemnon, showing that her apeod wae superior, which was oxoeodingly gratifying to oar peaple Gov. Floyd will leave to-morrow for the Weat on som» private business, sod will be abevnt for tom days or two wee! John Smith, the Portuguese sailor who wee Convicted of marder on board the brig Gon, Pierce, hae had bis son- tence cormmeted by the Preaident The Cadiret held rpecial meotirgs to day relative to Kansas aifaire Additional troops have this day boon oF dered fom diferent parte of the coontry to proceed Im mediately to Kansae, They are intended to repiane those ordered to Utal, and wil be deepatched in order to exforoe the laws and pronerre the pose, Among the troops or dered are three companies from Fort Monroe; two oom panies fom Fort Mofenry, Baltimore, tnree compan 6* from Fort gneiling, Mianesota; and tro or three companies from Baten Rouge, Loulmiana, It is probabie the: eidi ttopal troopt will be ordered from Florida, Col. Samanets command, now returning trom the expedition againg; the ‘Choy cane Indians, te aleo ordered to Kansas, ‘THs GENERAL NewersPeR DEsPaToR, ‘Wasnixoton, August 31, 180%, ‘The Treasury Department nas just paid botwoen two eng three buncred thourard doliars to Maryland, as (atereny op half » million of dollars, which amount ihe Uaites States became ledebted to Marylau¢ during the war @f 1822 The prinalpal was discharged betwoon the yenms 16)5 aod 1822, ‘The Seoretary of the Loterter bas ins'ructed tho Marsha Of Minnetota to take the comsus of that Territory whee eve’ bs la informed that tits the wish of tho peopts form a coamtiiauon and Sate government prove aiory 1¢ edmieton into the Union. Wilhelm Docael bes been recognized by the Preside aa Consul for the Grand Douby of Hesse Darmsteds ter Maryland, North and South Carolina, to reside la Balk more, * Governor Walker, of Kansas, was, at Iasi Preparing a defence of bis offlo‘al conduct, to place mim elf right before the people of Minalseippt eapocially, ama be South genera ly. Sen Delegates to the Hew York Democratic txts Convention, ALaaxy, Angust 81, 180%, The demooratic delegates to tho Syracuse Siate ‘le. vom os from Chavisaque coumty, are JF. Phelpa aed Sr Sackett—beth softs. Tho delegate from Weshimue connty is J, MoNett, and from Wayne oounly, Ouiew Foster. Tror, August 31, 1867. Gtlbort Westfall bas beew appointed delega 6 fram the Third disiriot, Keneacleer county, to the Damoazaiic Game vention, and General Genet, aliernsie, Law-sns0 Soee borm, of Sohodac, is the delegate to the Judicial Con cam veotion, and H, W. MoLeian, of Warsaw, alternate, The Minnesota Constitational Conventira, Sr, Pavia, August 29, via Dabuque, August 31, 1807, The Covferecce Commitee appointed by tho twe Om ventions to write a 6 mstitudou for Minnesota, mvia & ee port yesterda, in their respective branches, which m™@ acopted. But ene consiitutioa will be submitied t the people. The Cowvention wiil probably acjoura to day. ‘The Convention of the Soutnera ew Scheot Presbytertans. Riormunp, Va., August 31, 1867, ‘The New School Presbyterian Convention, now im se elonghere, is auill engaged in discussing the fourth reste dow, reported by the Commitice on Resolutions, roladve te the organization of a General Synod. <i Waxensoron, August 81, 185%. ‘The reports of Saturday's proceedings of the New Srheat Pree byterian Conven tm, a@ published in the Richrowt papers recetved here tris erenag, contsin nothing of ta terest beyond what bas airesdy been telegraphed, The Staic Arsenal Commissions Bovvato, August At, 1884, The Board of Commissioners fur locatiog and ersotiag State arsevals and armories beid their drm meeting at ine American Motel, in this place, a Saturaay evening Poe commission contista of Adjutant General Townsend, in- epector General Buco and Commisary General Ward, Genera! Bruce was elected Preeident of the Board, snd W. A. Jackson, of Albsny, Clerk. ANer appointtag (ka neoersary commiuiess the Board w journed to mow, agadg @ serkimer on the It of Jotober, Ghe Bteansmp City of vorunto Ashore, Port au Ba-quz, N, F., August 31, 1867, ‘The steamer Oity of foroavo, fom Liverpool for Moaxred, run on shore om Moncay pigbt, the 17:h lust, op pena Portean, in the strait of Helie Isle, The weather ai ws ime wes forgy, and the wind anesd. No lives were let, Seven feet of water entored the hold of the steamer. twe bundred packages of dry goods were saved. which, wie ® conriderable quantity of wrecked goods and ihe youn, were taken to Portes+ The Reported Bank Note Rebeery, Burros, Aagust 31, 1808, ‘The statement that the New Enxiand Bank Nxe Cea pany bad bees robbed of a large amount of bi I+ has very fittle foundation im fact, The whole smount will act em’ ceed $200. ———_—_—— ne Gen. Williams at St. vohos, B. F, Sr. Jouxs,N. F , Auguei 31, 186%, ‘The screw steamer Gen. Williams, from Liverpoat August 17, en roule for Halifax and Portland, arrived this port this morniog. The Great Horse Kxpibitioa at Elmira, &e Euwma, N. ¥., August 31, 1867, ‘The week commences here with fine weathor, and ty Prospects for the great exhibition aro very cheertzg, Large cromde of people are here and others are consiacaly arriving. The admittsnce to the grounds ts free to-day, there being 20 conteate for prizes until to-morrow, whee it We expected that Lancet, Fiora Temple, Jaca Miler’s Damecl ant many other trotting oclebrities give an exbibdition of their 6 eed. The book store of C Creswick, i this place, was catered and rcbbed on Satarcay might of goods worth from twe te throo hundred ¢ollsrs The Vrops at the south, Wasuworos, August $1, 1867, By the arrival of tho mall, as istsas doo, wo haw papers from all polnts South, but thes coalain uo impor tant De vs. Forty thousand burhols of new whoa bad boos re cot red at Wilmington ap to the 2Trb lovt The rice crop of the interior of South Carollan was very promising. Probable Loess of Ur. tten's scuouner Losberg, aod her Urew. Oxwego, Angnat 81, 1809, The schooner loeherg, from Cleveland for Kiog samy with com!, bar, it If rappored, Seon lott on Lake Oawarig, with all om board. the locberg was batli at Klogsws oy Or, Rao, who totended cext spring to go with her in sumrat of Bir Joba Frack ta The Southerner ut Uburivston, Cusguatron, Acguat 29, 1368, The mail steamship Sootherver, Oa Rovertem, feae Now York, arrived here this a/ternuce at one o'oek Barmete. PHILADELPHIA *TOUK BOARD. ¥ .. Aagost St, 1898, tvania B's, BAM; Raltresc, 205g; Morrie Cnual, 61; Taian 10)5; Pewmsy) venta Retiroad, 46\5 AInasT, Aggant 31, 1867-6 P. 4 Fiour doll and anthanged; rece ote ight; Dosa ortag detey oy De Dreek la the capal at Frankfort Waeat, oe traneantions to is qo stations. rD— BO saber Aflowt, tam od anler ot wr deyotat 84 So Barley In falr de mand, rales BO Dowd. at aud iwo car wade of ordinary four rows | Mate at Vhipped oa day night -—90,000 bush. corr; 8 000 Dash. cate, Borra.o, Angad 31-1 P Flour i ¢ull, Salee to-day 400 , at 86 Oe Oe for exira iho am Wicbigan. Wheat is dull, Sales to day’ 4,000 bushels of common white Toledo, at $1 26 f we OF York, Oig0. Imports, in forty cigat hours, day 4.600 barrels Moar, 21.000 burhels wheat, bushels corm, snd 23,000 bushels onus Reporte |x naune time 67,000 Dushels wheat, aod 7,000 busuele corn. Rerrarn, Avqut 1-40? @ Flour favors ) . Sales OF 1,200 Onrrein, we 5 OO 86 for extra Michigan and Only; $4 26 8 6 50 for tour extra do, Wheat onli; sale 9,060 dushols, at #1 16 be ioaro “pring sod $1°25 for white faieda, Gorm bes ly! aalee 4000 Duebela, At TH0, Matt—Halor 16,008 bushole at 360. Whiskey dail, at 2¢c. Frotghiants fom corn w Troy and Albany ant igo to Now Yor®, Lane tenporis for the forty eight hour: ending at noon to day m 8,000 Pervels floor, 88,00 Duehela wheat, 60,006 buabake core, 18 000 hrstels oste, Lana! exports—45 000 busbelg Wheat, 6,000 buansia corn moe'ly to Udo waver . Oowne, Aagust HL 6PM Floor doit Wheat G@rmer an’ lo good demaod: salen 18,600 buch. at $1 25 for Chicago wpring, sfont aud ty are Hive, and $1 90 for red Ladiaue orn unchanged Fredy tug steady. Lake teiporia for the 24 hrurs easing et aorn ta 67,060 hurt, wheat ; 90,000 bara, corn Oamell porie—t,00 bble, floar; 16,000 bash, wien; 38,008 bush. Corn. Suipped to Montreal —2,260 bis. four. Cares, AvgaM BL P.M Flour active. Wheat fall at #40. Corn qoiet ant ¢@ clined 10, Osta firm Shipments t Buflaio~No fou, 29.000 buehole wheat, 11,600 barhels corn, Shipman te Onwego—No fivar, 36,000 Dushels whont, 11,060 harhete corn, Reorip OO barrels dour, 127,00 busem hess, 39,000 ole core. ———————— Coronan Riven Exryprrion... The Washingtom Correspondent OF Whe Foundel shin Prem eye U0 is me of next movib, Lieut J ©, Leen, ander orors Frou the seu retary of War, wil! leave New York for 40 Francisco, te mak» preparatone at the latter plaoe for an exploring ow @ up the olorato river. Lieot. fvee takes «tt ‘8 Amall steamer, lo be employed tv making hydro graphic marveyt A party of some forty oF ify men # @ re eoiteted in Oaliforia. This I+ one of the most impor. tant movements fy some tine undertaken by tho govera ment, Livleor itoing t# known of tbe ‘torada, of te finesse for oavigntinn, or the country through whieh & rons, altbowgh fe ie che aecond river In size weet of the Rocky Montane = Lieot Ieee will asornd the river as far as poeetbie Un eercer, nod then endeavor t@ reac He oad watert with horse and pack mules,