The New York Herald Newspaper, November 25, 1857, Page 1

THE NEW: — = WHOLE NO. 7755. : MORNING EDITION—WEDNESDAY, NOVEMBER 25, 1857. YORK HERALD. HIGHLY IMPORTANT FROM EUROPE. Arrival of the Steamship Vanderbilt off Cape Race. THREE DAYS LATER NEWS. THE FINANCIAL PANIC. Saspension of the Charter of the Bank of England, Fhe Unlimited Issue of Bills Au- thorized. THE EFFECT THROUGHOUT GREAT BRITAIN. IMMENSE DECLINE IN COTTON, Increase of the Rate of Interest by the Bank of France. NUMEROUS COMMERCIAL FAILURES, CONSOLS QUOTED AT ADDITIONAL NEWS FROM INDIA, Lucknow Besieged by Fifty Thou- sand Sepoys, ke, 89, 14, ko, bo, Sr. Jouns, N. F., Nov. 24, 1857. The steamship Vanderbilt touched at Southamp- ton on Saturday, 14th inst., and arrived off Cape Race at 3 o’clock on Sunday afternoon, 22d inst., where she was boarded by the news yacht of the New York Associated Press, and her news was de- Fivered to the agent here on Monday morning; but, unfortunately, the recent heavy storm in Cape Breton, N. S., had broken down the wires at several points between Cape Hood and Pictou, (a distance of some two hundred miles, through a portion of the country sparsely inhabited,) and it was found im- possible to repair the line until this afternoon. On reaching the St. John, N. B., office, it was dis- eovered that the line between that place and Port- Jand, Me., was also broken, and we finally succeeded in reaching New York, via St. John and Frederick- ton, N. B., and Quebec and Montreal, Canada, and thence via Portland and Boston over the lines of the American Telegraph Company. The following is the summary of news prepared at Liverpool and Southampton by the correspon- dents of the Associated Press—the Liverpool advices coming down to Friday evening, 13th instant. and from London to Saturday morning, 14th instant:— ‘The despondent condition of monetary matters on the departure of the steamship Atlantic, on the afternoon of the 11th inst., resulted on the following day in a fearfal panic throughout the whole country. All the banks utterly refused to discount to their patrons, which naturally added to the wild excite- ment, until the afternoon of Thursday, when a Trea- sury letter appeared in London, and was instantly franamitted by telegraph to all the chief cities and towns, suspending the Bank Charter Act and author. izing the issue of notes to any amount on approved securities. The effect at exery point was instan- taneous, and the panic ceased as if by magic. At Liverpool, Manchester, Glasgow and other im- portant cities the news was received with the most extravagant acclamations of joy. ‘The suspension of the City Bank of Glasgow on Wednesday, the day the Atlantic sailed, is con- firmed. We select the following additional list of suspen- sions from a large number reported in the EngJish Londpn. Wilson, Moreau & Co., stationers. London. Fitch & Skeet..........seseeeeseees London, Draper, Picton & Co.....++..++++0+++-London, Ban, Broddice & Co....... London. Palman, Grenel & Co.. Coddington & Co., iron merchants Mafroe, Grant & Co... .. 6.666 ee0+ 0+ Swansea, Btergman & Co......000000-.se+eeee+- Nottingham. The London money market was steadier on Fri- aay, the 13th instant, and bank stock sold at 200} a 212, Exchequer bills were firm, and the fecling in business circles in all the principal cities and manufactaring towns became decidedly more cheerful as soon as it became known that government had authorized the bank to extend its issues without incurring the penalty of the Bank Charter act. Consols had fluctuated considerably, bat closed ‘with increased steadiness on Friday, at 89} to 894 for money. ‘The Bank of France had raised its rate of discount ‘on 90 days bills to ten per cent. Parliament was to assemble immediately. ‘The greatest anxiety was felt in England to have the news by the Vanderbilt reach New York in ad- vance of the publicity of the advices by the Atlantic. ADDITIONAL NEWS FROM INDIA. The details of the news from India by the last mail add few facts of special inportance. The latest report from Delhi states that the low of the Britich at that place, in killed and wounded ‘waa inside of twelve hundred, including sixty-four officers, All the city people found in Delhi were bayonetted by the British troops. Many Europeans were found in the city fighting in the ranks of the rebels, Itwas reported that Lucknow, which was relieved 2th September, was again besieged by Nana Bahib with 60,000 rebels. Scindin had bronght the mutineers of the Gwalior contingent under his control by arraying against them his own troops and ten thonsand Thakoors, ami by cutting off their supplies. _— STATE OF THR MARKETS. LIVERPOOL COTTON MARKET, Nov. 19. ‘The sales of cotton for the week amounted to 11,000 bales, of which 1,600 were takeg on apecula- tion, and 300 for export. There was a general panic in the market, and prices declined 14. to 144d., hold- ers pressing sales. On Friday, however, recovery of jd. took place, the market closing with an ad- vancing tendency, and the sales adding up 6,000 bales. Quotations are nominal and irregular:— ia. 7 1-164. Tid. Fair. Orleans. + 13d. Uplands. lobile. « 4 The stock was 325,000 bales, of which 162,000 were American. STATE OF TRADE IN MANOBBSTER. The advices from Manchester were unfavorble and the sales unimportant. LIVERPOOL BREADSTUFFS MARKET, NOV. 13, Breadstuffs had slightly declined. Flour closed dull at a decline of 6d. a 1s. since Tuesday. Wheat closed dull, with a decline in the middling and lower grades of 134. 3d. Corn was quiet,.and all quali- ties had slightly declined. Western canal flour, 268. @ 273.; Philadelphia and Bakimore, 27s, a 298.; Ohio, 29s, Red wheat, 6s. 3d. a 7s. 6d. White com, 40s. a 418, LIVERPOOL PROVISION MARKET, NOV. 13. Pork dull, and slightly declined. Bacon quiet, and prices week. Lard heavy, and somewhat lower. Talow—A slight decline in prices. LIVERPOOL PRODUCE MARKET. Pot and pearl ashes dull. Sugar—No sales of consequence, but prices steady. Coffee—Sales un- important. Tea—Little inquiry, and prices weak. Spirits turpentine, 358. a 358. 6d. LONDON MARKETS. Sugar—The market is firmer, and holders demand an advance of Is. a Is. 6d. over the rates current on the 6th. Coffee 1s also in better demand, and prices are rather higher. Rice is dull, and prices nearly nominal. Tallow is steady at previous rates. Jron—The market is dull at a decline of 28. a 3s, on rails and bars. The English ship Dunbar, bound to Australia, had been wrecked off Sydney, and one hundred and forty passengers and all the crew lost. The steamer North Star, from New York, arrived out on the 13th mst. The shipping intelligence by the Vanderbilt may be found under the Maritime head. THE BANK OF ENGLAND. We take from the New Yorx Herato of the 9th inst. the following paragraphs relative to the Bank of Kn@and, which we published on that day in our history of the “Panics in England.” They will be found particularly in teresting just now:— 1683—The project of a national bank of credit was start- ed this year. It was established aiter some difficulty at Devoushire House, in Bis! rate street, London, but did not remain long in existence. Its machinery was com- licated, and the risk of depreciation in the value of manu- factures too great for such ap institution to maintain a bold of the public confidence. r FOUNDATION OF THR BANK OF ENGLAND. 1694—The commencement of an era of wild ula. Ucn, which gave birth to multitude of schemes, iwelud'ng the Darien Company and the great South Sea oubble. t the infinite variety of projects to which the mania gave rise were, however, two which have couferred great benefits on Ninh peo: ple—the New River Company and the Bank of England. ‘The latter institution received the charter of incorporation on the 27th of July in this year. The conception of the plan on which it was founded is attributed by; some writers to Burnet, Bishop of Salisbury, ani by others to William Patterson, the projector of Bank of Scotland and the originator of the Da- rieu Company. The immediate results of its estab lishment were to lower the rate of discount on foroign bills w 6 per cent, to relieve the governoment from bor- rowing at usurious rates of interest on the public secu- ities, to give life and currency t double and treble the value of its capital in other branches of the public credit, and to secure the success of the campaign of 1805, and subsequently the conclusion of peace ia 1697. The bank traded on the deposits of its customers, and when first established allowed interest for running cash. D’Avenant complains of this as being @ continaal bar to industry. FIRST SUSPENSION OF SPRCTE PAYMENTS BY THE BANK OF RYGLAND. 1696.—Owing to various diffculties, others to those arising trom te re coinage of the aulver, the Bank of Eny i was compel temporarily to suspend specie po nro The coins had been diminished by clipping and filing; the bank had received the My money at its full value, and when the notes issued by it in ex: came in, there was not sufficient specie to meet the dail demand, Had it paid in full, it must soon have been drained of specie, Ro it resorted to the plan of paying cash at first in instalments of 10 per cent once a fortnight, and afterwards 3 por cent once in three mouths, That tho institution was not diseredited by this arrangement was proved from wealed bills bearing interest being re- ceived by their creditors in lieu of specie, Other vigorous measures were resorted to by the directors to meet their difficulties, and #0 great was the confidence inspired by the prudence with which the affairs of the bank were con- ducted that it received from the government great addi tonal privileges, including an extension of its charter to 1710. Of the rapidity with which bank stock rose in value, we have the evidence of the fact that stock given to the proprietors in exchange for tallies at fifty per cent discount rose te 112 per cunt. 1697.—A ty neo was made this year “that the Rank of England be branched into every city and market town in England; and that the several branches be accountable to the general bank in London fur the profits of their res- pective branches.’ This seems tohave fallen stillborn on public atteniton, though there is no doubt that it would have saved the country from many severe crises. Ata later period, it will be seen, the plan was partially carried into effect. SPCOND SUSPENSION OF APRCIE PAYMENTS BY THE RANK OF RNGLAND. 1797.—This year witnessed another ion of specie payments by the Bank of England. This measure, which went into operation on the 27th February, was necessi. tated by a variety of causes. The subsidies granted by kngland to foregn nations—the duplication of the national debt—t spprekensions ‘ofan invasion—the pressing and continually increasing wants of the government, and tho gradual dumiuution of gold in the coffers of the bank, dur- ing the previous twelve months, to the low figure of £1,272,000, all combined to render it imperative. Had the minieter been guided by the advice and remonstrances ‘of the directors, this measure might have been avoided. Mr. Fox thus characterized it in bia place in Parliament: — “For the first time since the revolution an act was done which struck at the foundation of public credit by seizing the money belonging to individuals.” It was the opinion of many of the practical men of the time that the bank might bave escaped the difficulty by increasing instead of diminishiog its cifeulation. Mr, Henry Thornton stated to the Parliamentary committee that ‘it was the want of Vank notes and aot of guineas that ba felt.” The con traction preceding the suspension of specie payments had been very great. On the 26th of February the notes were reduced w one fourth of the sam at which they stood atthe beginning of the year, It must be remembered, however, that the directors were in a critical position Between the advances demanded by government for the safety of the country and the large discounts required for the extensive mercantile operations carried on they were reduced to the necessit} of taking a step which must have cost them many painful struggies. In this year an act was passed authorizing the iasue of bank notes under £5, and a large quantity of dollars sap plied by the bank and stam y the Mint were put in circulation and taken in excl for the notes of the bank, The latter soon, however, fell into disfavor, and on the Slst October were called in. The report of the secret committee of the House of Com- mons, printed in November, shows the condition of the bank on the 11th of that month. Outatanding demands, £17,578,910; funds for discharging the samo, (not including £11,686,800' due from government), £21,418,460. Not Withstanding their affluent condition, however, the bank restriction act, passed in May, prevented the directors from reverting to cash payments.” 1800.—The bank charter was again renewed this year op consideration of @ further loan of three millions ad. vanced to the government for six .years, without intorest, ‘with the right of claiming repayment at arty time before the expiration of six years, if consols should Be at or td 80 per cent The directors were, however, to allow 6 cent per annum on the sum repaid for the time that to lapse. In return for this payment they were to enjoy, among other advantages, the privilege of jholding the pu lic balances in thei possession. 1802.—Comelusion of the peace of Amiens. An act was pened in April of this year further restricting. the bank : ‘om resuming apecie payments before the Ist of March, 805. 1803.—The Rank of Bngland lost upwards of £300,000 thie yoar by the celebrated fraud, in the transfor of ox chequer bills, committed by Mr. Robort Aatlott, ite cashier. ‘Another bill was passed farther extending the restric. tion of cash paymenta by the bank, until six months after a definitive treaty of peace. In the discussion on this measure the Chancellor of the Exchequer remarked, “That it was very much to the gredit of bauk that it had not abused the discretion given it with a view to its be? pee 1807.—The bank dividends were raised from 7 to 10 per om, free of income tax, at which rate they remained ‘until 1822, 1608.—A revision of the public expenditure hay been recommended by the ea, aeenaine barns the bank to withdraw £500,000 from the uaciaimed aS on ‘ment a , and to ad afurther loan of £3,000, tothe State? f i z i 2 i i F of of the allie into Paris, with which the name of the pre- Far] of Dundonald (Lord Cochrane) was so it is to be ‘roneously aasociated. Of the ill 4 i i : F é = i cay zg z 3 ption was attempted Bin Bo iounly implicated ‘were ser! im} 5 1815.—On the restoration of whet maton ‘was continued by a new act unul the Sth July, 1816. 1816.—Renewal of the Bank Restriction act to July, specie payments, enabled it to make this year an addition of twenty-five per cent to the capital of By actof Parliament the capital of the each proprietor. establishment was increased from £11,642,400 to £14, 553,000, at which amount it now remains. this privi- es: the directors were’ compelled to pay the Fgh cage @ bonus of about eighty-thodsand pounds, in the shape of ‘@ loan without interest. 1817.—The Bank of England announced that after the 2d of May, this year, it would pay cash for all its notes of one and two pounds dated prior to the Ist of January, 1816, or exchange them for new notes of the same value. The confidence of the public was, however, so great that scarcely any of their notes were sent in. A further notice ‘was issued that after the Ist day of October they would be ready to pay gold for all their notes dated prior to Ist January, 1817. The bullion speculators now stepped in, took advantage of the exchanges, and sent more than five millions to the Continent. Parliament was compelled to interfere, and an act was passed restraining the bank from pay ing say more of their notes. '818.—The value of bank paper, which in 1816 was about 16% per cent below that of gold, rose this year to within 2}, per cent of bullion. * 1819. age of Mr. Peel’s celebrated currency bill. this bill provision was made for the resumption of specie payments by the bank, and all the former acts restraining the exportation of gold, or prohibiting it from being melted, were repealed. This act was the inaugura- tion of he great principle enunciated by Mr. Peel, that the National Bank should always be prepared to pay spe- cie for its notes on demand—a principle which he subse- quently worked out in his bank charter of 1844, RESUMPTION OF SPECIE PAYMENTS BY THE BANK OF ENGLAND, 1821.—After a quarter of a century the bank recom- menced specie payments, being a year before the period fixed by Mr. Peel's act. Cag rate of interest was fixed by the bank at four per cen 1823.—Bank stock fell this year sixteen per cent, in con- sequence of an unexpected reduction of the dividend from five to four percent. PANIC OF 1825—NARKOW ESCAPE OF THR BANK FROM ANOTHER SUSPENSION. 1824-5.—Discovery of the celebrated Fount forge- ries. This period is remarkable for the spirit of specu- lation which again infected the country. Joint stock com- panies of every kind were put forward and eagerly taken a In 1824 and 1 80 leas than €94 new ones made ate appearence. prospectus of one company was ‘attached the name of a of the blood to another that of the Archbishop of Canterbury. Mr. Tooke says that the quantity of gold expected from the South American mines was 80 great that many well informed persoas acted on the belief of a diminished value in gold and silver in uence. ‘The subtraction from the. bank ooffors_ by November, 1825, of seven millions and a half, resulting from this spirit of adventure, and the unfavorable character of the foreign exchanges led toaterrible panic. Some of the first bapking houses in the areas numbers in the provinces e fell. hilst the Bank of land wag without the issue of ani note, curious to say the country bankers, Soa ie poe yan ailions. at eek stent, of uy with im . At such a time, course, these notes were next to valueless. The dis- ‘trees caused ¥ this state of things was heartrending. “There was literally,” says Mr. Francis, “a w population, with food im abundance staring them im the face, unable to ure it, as but gold would be taken. = of the city ex- ceeded everything that had a wanened ter 6 century. ds finetuated violently. The usual channels of credit were sto 5 the circulation of the country was completely deranged. The gloom spread to the Exel Exchequer bills fell t sixty-five shil- lings discount, and the brokers closed their books and re- fused to engage in any transactions whatever. The Bank of England proved itself as usual equal to the emergency. Within the short space of three weeks it doubled its dis counts and made advances to an immense amount on de- pesits of bills of exchange, and even of title deeds. So t was the demand made upon the bank itself for gold, om the 11th to the 17th of December, that a doubt was seriously eutertained whether this institution would be ‘able to stem the torrent. Tho directors had, however, determined to pay out to their last guinea.”” ‘It was, in fact, the merest accident that saved the bank. When it closed its doors on Saturday, December 17, it had, according to the official returns, only £1,027,000 remain- ing in its cellars—according to Lord Asbburton’s pamph. let, only afew thousand pounds. Jn this state of things the incidental mention of there being a bow of one pound of safety. Permis this a stop to the run, reby proving the correctness adr Thotaon's declaration, in 1707, that it was moro the wantof «mall change of well ascertained value, than @ necessity for gold, that was felt amongst the bol of small notes. ‘' These one 1d notes’? says Mr. Harman, ‘worked wonders, As far as my judy ment goes, they saved the countr: Withinfa week from their issue the peril had passed away. The government, in order to afford additional reliof to the money market, gave directions for od ge HED Bank of Exche- quer bills to the amount of $2 repayment to be made within four months. here 1826.—By agreement with the government, this year the Bank of England consented tw give up its exclusive privi leges as to the number of re engaged in banking, cx cept within a certain distance (65 miles) of the metropoiis. It also agreed to establish branch banks in different parts of the kingdom. A bill was passed in February to foxy bit the ciroulation, beyond the Sth of February, 1829, of all promissory notes payable te the bearer on demand, is- sued by English bankers and stamped on the Sth February, 1826, or previously. : BANK CHARTER OF 1844—THE BULLION REPRESENTATIVE PRIN- cri. 1844.—This year,in renewing the bank charter, Sir Robert Peel made several important modifications in it, The chief features of the new act wore that it restricted the bank from woe roe on securities beyond the four- teen millions to which it was ordinarily limited, and that it provided that every note issued beyond that sum should have ite representative in an equal amount of bullion. By this bill the banking and issue departments were ed, and various other alterations were made in ar. rangements and machinery of the bank. The govern ment, in the last clause, reserved to itself the right of repealing all privileges of the bank not abolished by this act, upon twelve months notice being given at any time after the lst of August, 1856, It should also be mentioned that the act granted to the country banks the privilege of drawing bills not payable on demand within the sixty-five niles it at loss than six mouths date. SUHPENSION OF 1867. ™ £ee the above telegraphic despatch. ‘Tur Ice Brockape oy New York Hannor.—Wo under- stand with pleasure that the Board of Underwriters in this city have determined to pay a fair proportion of the expenses necessary towards keeping our harbor freo from ice the approaching winter. During the past two seasons anumber of vessels with valuable cargoes were cut through by the ice and sunk, and in one instance several lives wore lost. Persons residing in Brooklyn have beon greatly inconvenienced and much annoyed by the irregu- lar manner in which the ferry boats have made their pas. sager, and more eapecially when they suspended running for hours together, during the past winter. If all the ferry companies will act as the Board of Underwriters have done, aud pay their share of the expenses, the har. bor can be kept free from obstructions from ice. Woe learn that the Camden and Amboy Railroad Company have offered the use of two of their powerful steamboats for the purpose of breaking the large cakes, and that they aro being fitted up in a manner to render them thoroughly ce proof. These boats have been placed under the care of Captain Schulte, who is so confident of being able to break the ice in small picces, so that it may drift directly on, that he will forfeit all claims for compensation if ‘doe not fully succeed in his undertaking. The accom- modation of the public, the interests of the landlords of Brooklyn (of jthe Fastern aa well as the Western District), the immense amount of property afloat and ex- tothe ice, all demand that something should be done at onee to make our harbor as reliable for travelling par poses and as safe for shipping in winter as in mer. Gritry.—The Governor of Texas in his Inet message, epeaking of the party at the North called abolitionist, raye\—“They have very justly excited the fears for the perpetuity of the Union,” and also:—“The people of Texas are attached to their domestic institutions; they ask no- thing for them from the federat government but those Tights guaranteed by the constitation, and any infringe ment of these rights will never be submitted to.” | MONUMENT T0 GENERAL WORTH. Removal of his Remains from Greenwood Cemetery to the City Hall—The Body Lay- ing in State in the Governor's Room—7Ist Regiment Acting as a Guard of Honor—Visit of Citisens—Scenes at the Hall—Description Of the Coffin—Inauguration of the Monu- gr - Resolves to Turn Gut in a Body—Official Day—Gov. King to Review the Troops on the Battery this dic. ‘The Joint Special Committee of the Common Council, appointed to oversee the erection of the Worth monifnent, Metat 100’clock yesterday morning in the City Hall. After a short consultation they decided to change the kine ‘of march slightly, by turning off Broadway at Fourteenth street, passing down that street to Fifth avenuc and up the avenue to the monument, at Twenty fifth street. Six carriages were in readiness, in which the Committee, ‘William J. Worth, son of Major General Worth, and mem- bers of the press, took seats and were conducted to Greenwood Cemetery, via South ferry. ‘THR COFFIN. ° On arriving at the cemotery, the remains of General Worth were brought out of the receiving vault and placed in the new coffin, which isa fac simile of the old one. The old coffin is in a good state of pre servation; the wood is not at all decayed; even the silk velvet which covers it is quite well preserv- ed, The siver plates and silvor fringe were a little dirty, but otherwise in good condition. The old and new coffins were both critically examined; the new ono is sufficiently large to admit of the old one, with its plates, handles and trimmings. The wood of the new coffin is of mahogany; it is covered with fine black velvet; the heads of the screws are of silver, and the plates, handles and all the metallic ornaments are of pure silver. From the lida wide and beautiful silver fringe depends. Near the head of the coffin are the. United States arms; below it is a heavy silver plate, bearing the following inserfption:— g GENERAL WILLIAM J. WORTH. 3 DIED AT SAN ANTONIO, TEKAS, 7TH MAY, 1849. 3, AGED 65 YRARS. seneoneeee Below this are the sqnare and compass, denoting the General's connection with the Masonic order, and his post- tion as that of Past Grand Master. At the foot of the coffin are the words “United States Army.” Plates on the sides of the coffin are inscribed with the following words:— POONOLOLNOLA NE EOLODELO LODE LO DELO LOLE LD FLORIDA—NIAGARA MONTEREY —CHIPPEWA. arenas. ‘The coffin is admitted by all who have seen it to be a most beautiful and superb piece of workmanship. The National Guard, one of the companies of the 1th regiment of Brooklyn, was on the ground at Greenwood, ‘and acted as ‘of honor in the removal of the corpse. The Keen ip turned out sixty strong; it is under the command Sprague, and was the guard of honor in conducting remains of General Worth to the come- tery. The order of the procession was as follows:— National Guard of Brooklyn. ‘The Hearse. The Committee, in carr! 5 ‘The sword and chapeau of General Worth were placed ‘upon the coffin. bined yap terry gh oa) sides, so that the coffin could be seen toadvantage. @ National Guard bad and marched in hearse. The pro- the streets were filled with spectators. The procession arrived at the South ferry, New York, at 214 o'clock, where it was met by Company ¥ of the 7Ist reginent, ier the command of Ca) and conducted to the City Hall. ‘The National Guard was then dismissed, and the corpse was placed entirely under the charge of Company F, of the Tlst regiment. They con ‘veyed it to the Governor’s room, where it lay in state yes- afternoon, and will so remain till 12 o'clock to-day, thus "having a good opportunity of seeing it. At8 o'clock last evening pny F was dismissed, and elo Ser wee from each of the ema of the regiment, making thirty-two men, under Cota mand of Maptain Kinnan ed "thatak Benne, tok charge of the corpse and Governor's room, and will re. main on the same duty until they are relieved at 12 o'clock to-day by the 71st regiment, which is to be the guard of honor for the day. The flags on the City Hall yosterday were flying at balf-mast. At half past three o’clock the joint committee met in the Library. A communication was received from Gov. King, a he would be present at the celebration to- day with his staif, and the Adjutant-General. A delega tion from the Brooklyn Common Council aj before plage in procession. They were given a piace next to the Common Council of New York; they wil! leave Brooklyn in carriages at 11 o'clock this morning. A communication from Gen. Wool stated that he would be unable to be present at the in- auguration of the monument to Major-Gen. Worth. The committee adjourned until 10 o'clock this morning. THE BODY AT THE CITY HALL. Arriving at the Hall, the coffin containing the body of deceased was escorted to the Governor's Room, which had been especially prepared for the occasion, and placed on a pall, enclosed within a heavy black velvet cartain reaching to the floor, and heavily: surmounted with silver trimming, the whole resting on the spot usually occupied by General George Washington’s writing table. The re- mains were guarded until eight o'clock in the ovening by Company C, Seventy first regiment, when they were re- lieved by details from each company of tho Seventy first regiment, under command of Captain Kinnau and Lieuts, Bunce and Stafford, eight of the detachment keep ing guard over the body at a time, the balance stacking their arms and holding themselves in reserve in the weat wing of the Governor’s Room. These will remain on duty until after the remaining portion of the regiment in con Junction with the other regiments of the city are reviewed, ‘at 11 o'clock this morning, at the Battery, by Governor King. The regiment will then march to the City Hall and relieve the detachments by taking charge of and escort the remains to their last resting place. jast evening, and in fact - | toa late hour at night, the City Hall was’ the scene of considerable excitement, owing to the fact of its being generally understood thronghont the city that the remains of the hero, General Worth were to be seen in the Governor's Room. This caused thousands of people to visit the Hall in the course of the evening, a large namber of whom were ladies. Mostof the visiters bore evidence of ee highly respectable and influential class of @itigens, am 4 to be deeply impressed with the solemnity of occasion. After inspecting the cofflin—whiea was got ten up by Stephen Merritt, of Eignth avenue, and acknow ledged by all to be a most superb one in all respects—the visiters in many instauces proceeded to inspect the oon- tents of the Governor's Room, prior to taking their depar. ture, while many others turned from tie solemn and im- Preseive scene and in silence took their departure from the room. Considering the le ¥ number of le who visited the hal last night, of sexes, and fact that it was brilliantly lighted, and the gates left open as usual in the day time, it is a fact worthy of remark that with the exception of the throng quietly passing in and out of the Hail and up to the Governor's fooea, oth 6 sound wee to be heard about the Hall, nor was there a disorderiv to be seen. The coffin will remain in state up to Faovelock to-day, and may be seen by the carious. THE DEMONSTRATION TO-DAY. ‘The inauguration of the Worth monument to-day will call forth a very general expression of feeling from al! classes of our fellow citizens. Below we give tho official programme of arrangements, from which it will be seen that the preparations made by the authorities are on a most extensive seale, and if carried out in the manner Proposed will be worthy of the city, In honor of the event, and in view of the fact that thie is aleo Fvacuation Day, a holiday will be given to the children in the public schools, and work and business of all kinds will be very generally suspended throughout the city. ‘The coromcniee of the day will be most imposing. The procession will inclade all our city nflitary, and Freemason Lodge of note in New York. The torn out of other civic societies will be respectable, and should the weather prove'fine the attending exercises will prove most interesting The ceremonies of to-day will include a military inter ment and a Masonic dedication, both of which will be new to most New Yorkers; and perhaps a description of what will take place to-day may be interesting — THE MILITARY CEREMONIAL. ‘The United States Army Regulations give the following under the head of “faneral honors: — ‘On the appearance of the corpse the officer commanding the escort will command—Present arms, when the hovors due to the deceased will be paid by the drums and tram. te. The mesic will then play an appropriate air, and the coffin will thom be takon to the right, whore it will be ‘The commandant will next order— 1. Shoulder arms. Hy — loft wheel. 4. Reverse arme. 5. Colamn forward, 6. Guide right, 7. March, The arma will be reversed at the order by bringing the firelock under the left arm, butt to the front, barre! down ward, left hand sustai the lock, the right steadying the firelock behind the back, Swords are reversed in similar manner under the Figh@arm The column will be ed in slow time to solema music, and on reaching the grave will take & position %0 as that the guides shall be next the grave. When the ceatre & ioe cohunn is opposite the grave, the commander will ler— 3, Column, Halt. Right into line, whoel. March. . Marc The coflin is then brought along the front to the opposite side of the grave, and the commander then orders— 1, Shoulder arms. 2 Present arms. And when the coffin reaches the grave, he adda :— 1. Shoulder arms, 2. Rest on arms. ‘The rest on arms ie done by placing the muzzle on tho Jeft foot, both hands on the butt, dhe head on the hands, or bowed, right knoe bent. After the funeral service is performed, and the coffin is hiy etn the grave, the commander will order— . Attention. » |. Load. ~—when three rounds of small arms will be fired by the escort, taking care to elevate the pieces. This done the commander will order— 1. By platoons, right wheel. 3, Colamn—forward. 4. Guide left. ‘The music will not begin to play until the escort is clear of the enclosure. bs The pall bearers (#ix in number) will be selected from ‘the grade of the deceased, or from the grade or grades next above or below it. THE MASONIC CEREMONIAL ‘Will also be interesting. It consists of the dedication service atthe laying of foundation stone of public struc- wres. It is thas described in the Masonic Manual:— A triumphal arch is usually erected at the place where the ceremony is performed. The procession passes through the arch, and the brethren repairing to their stands the Grand Master and his officers take their places on a temporary platform covered with carpet. ‘Anode is then sung. Tho Grand Master commands silence, and the necessary preparations aré made for lay- ing the stone, on which is engraved the year of masonry, the name and titles of the Grand Master, &c. The stone is then raised up and the chaplain repeats a short prayer. The Grand Treasurer places under the stoné various sorts ef coins and medals. Solemn music ig introduced and the stone is then lowered in its place. principal architect then presents the working tools to tho Grand Master, who applies the “plumb,” “square”? and “evel” to tho atone in their proper position, and pro- nounces it to be “well formed, true and trusty.’” ‘The golden and silver vessels aro next bronght to the table, and delivered, the former to the Deputy Grand Master, and the latter to the Grand Wardens, who sucees- sively present them to the Grand Master, and he, accord ee ancient ceremony, pours the corn, the wine and the oil which they contain on the stone, saying: — May the all bounteous Author of Nature bless the inha- bitants of this place with all the necessaries, conveniences and comforts of life, assist in the erection of this building, protect the workmen against every accident, and long pre serve this structure from decay , andjgrant to us all a supply of the corn of nourishment, wine of refreshment and the oil of joy. Amen. So mote it be. Amen. He then strikes the stone thrice with the mallet, and the pubile honors of masonry are given. THE OFFICIAL PROGRAMME. The Joint Special Committee of the Common Council on the subject of the Worth Monument respectfully announce to the es that on the 25th instant—on- which occasion General orth’s remains will be finally re interred—the procession will move from the Park at 12 M-, and will proceed up Broad- way to Fourteenth street to Fifth avenue, up Fifth avenue to Twenty fifth street, the site of the erection for the monument, in the following order, viz. :— J, The military of this and other cities, under the command of Major General Sandford. 2% The officiating clergymen. 3. The pall bearers and funeral car, drawn by sixteen white horaes, and the 7Ist Regiment, Colonel Vosburg, a4 guard of bonor. 4. Horse of General Worth, capariso 5. The relatives and friends of the de« 5 vd ed. 6. The Mayor and Common Counell, and Corporation off cons generally. 7. The Mayor and Common Conneil and Corporation offi cers of Brooklyn. 8. The officers of the late war with Mexico mounted, and the First Regiment of New York Volunteers. 9. Soldiers of 1812. 10. The United States officers, both military and civil. 11. The Kociety of Free and Accepted Masons. 12. The Cincinnati Society. 18. The Tammany Society. 14. The Firemen. 15, The civic societies and citizens, sone tolemnities to be observed at the Monument will bo as follows:— 1. The receiving and depositing of relics in the box which Is to be placed in the corner atone. 2. The orat'on to be delivered by Tis Honor the Mayor. 3. The religious ceremonies and benediction by the Rev Dr. Vinton, who will be associated with the Kev. Dr. Vau Renaselacr, of Murlington, New Jersey, aud Rey. Dr. Stve- vens, of Philadelphia. 4, The dedication ceremony by the Masonic Fraterulty. The ceremonies will then conclude by the fring of three Tellers by the Reventy.dret Regiment, Col. Vosburg, “the rd of Honor for the day.”? Gum ; ‘The arrangements of the day will be under the command and direction of the Committee. ‘The Committee also respectfully make the following re- quests, vin— That the several raons having charge of the eburch and city, will cause the same to be tolled ‘until the close of the ceremonies. + ‘That the owners and masters of vessels in the harbor and rietors of the various public buildings to the city, will Aiaplay their colors a: baif mast, from 12 o'clock M. unit! the cere’ nonies. ‘That our fellow citizens will close their several places of business during the day. ‘That the owners and proprietors of public aud private cou- veyances will cause their vehicles to be kept out of the follow- ing named streets, which the various will form in, viz: Whitehall street, Broadway and row. clergy M1 bearers are requested to meet in the Coupetl Chamber at 11 4. M. o0 the day in question. relatives of the deceased are requested to meet at the Governor's Room at 1 A. M. The civic societies, firemen, &c., Ac, are requested to form in Centre street, the right resting on Chambers street, The citizens can have a fair opportunity of view- ing the catafs coffin in front of the Hall, between tha ‘as the committee have made snitabla re pplice to admit every person to pase the same. All jesiring to have relics placed in the box to he deposited in the corner stone of the monument can do so by forwarding them (o Alderinan Bluat, No. 8 it [ORGAN L. HARRIS, M. WILSON, PRTER FULLMER, WM. COU ORMON BLUNT, PETER CRAWFORD, A R. HEMPHILL, WAR Committes, Ni CHARLES DOTY, W. JUDSON, FIRST DIVISION NEW YORK STATE MILITIA. DIVISION ORDERS. ‘New Yous, November 17, 1987. Kince the issuing of the Division Orders of the 10th Novem ber, the Common Couneil of the city hax made arrangements to femove the remains ieneral Wartn, on Wed nesday, the 25th inst., from Greenwood Cemetery to the Mo (to be erected to his memory, at the junction of Broad way and Fifth ave H “i oclock, npou the iatery, aa airecked ia take place at Il 0’ upon tery, as direcied im Dividon Orders of the 10th instant. ov All military corps from other cities and vil desirous of Rirtipeting in the ceremonves of the ors report to the vt a A rien Inspector, upon the Battery, past 10 o'cloek, ‘Afier passing the Clty Hall, the Division will form ting in Troadway, with the right on’ Murray street, and will wheel into column with the left in front, as soon as the funeral pro cession is formed. The line of march will be up Broadway to the Monument, upon reaching which the Division will form ling side of Broadway, until the body with the civic procession ent ia detailed as a Guard of Honor for the Vosburg will detail a detachment to receive the body at the City Hall, en Tuesday, at 3 P. M., and to re main on duty until the processiog is formed. Col, Vosburg will make ie, requisition upon the Com sary General for three rounds of blank ammanition for his regiment. (i Major General, by request of the Committee of Ar. Fangemenia of the Comraon Council, respeetfally invites all officers of the army and navy of the States, desirous of by the committen monument, | aasem x in the ceremonies removal of the remains to ble on the 25th of November inst., at the Governor's room, in the City Hall, at Il o'clock A. M. ‘The Major General also invites the several corps of uniform ed militia troops, within a convenient distance of the city, de- sirous to in the funeral honors to be jeredon the , to report themselves to the Division Inspector of the First —— upon the Battery, at haif past 10 o'clock A.M. precisely. ‘The mliitary corps of Albany, Troy and Hudson, the former realtences ad bifthplace of the lamented Worth, are expe cially invited to attend. ‘AL oMeers of the militia not on duty are invited to attend hid Nirh wd I t Governor's room, City a llo’el . M. order @ - 7 *Viajor General SANDFORD, R. C, Werwons, Division Inspector. AMERICAN GUARD. Tist Reoumest N.Y. 8 Mrerrta Higanavantans, New Yous, Nov, 18, 1807 Reatuentat Oxoee No. 1h. Tn compliance with IMvision and Pri ore. the officers and embers of this reg entare be ered 9 aeerrm ble atthe Armory in fal uniform, 00 Woden day, the 2th ing. The tine will be formed in Broome streat, right on Browd past 8 ovelock A. Bl ta quarter band and musie Will report to the Adjutant, at the Armory, at half * Th» Whaie Committee are eh inal with biaek crape or thin blaek serge by t) Quartermaster Buckingham ig directed t imal upon the Commissary General for 1.2% rounds blank eart- ridge. 6 Field and Staff will report to the Colonel at the Armory at quarter past 8 o'clock. Upon this occasion the Committee of Arrangements of the Common Council for the funeral obsequies of the late In- mented and gallant Major General Worth, whose remains are to be taken from the receiving vaalt at Greenwood Cemetery, and deposited in their lust resting place, beneath the monn: ment eFected by the Common Counelt of hia otty. have, by & i 0 Major General Sandford to dei om thie ‘ot guarding the Inst. mortal re. whore be wt prrvumina high and distinguished hono mains of the hero to the tomb, by his fellow countrymen, by whom he was onter of "A: 8. WORBURG, er ; ie Damaneer, Adjutant. In compliance with the invitation from General Sand ford, Major General E.R. V, Wright has issued an order directing the field, line and ofitcers of the Second Division New Jersey Militia to assemble at Jersey City eight o'clock this morning, to participate in the ceremo- nies. In commemoration of Evacuation Day and in to the memory of General Worth, the law courts and public offices will be closed to-day, and business will not be re some t until after hhanksgiving, which will take place to morrow. TAMMANY SOCIETY TO JOIN THE PROCESSION: ‘The Tammany Society, of Columbian Order, assembled at Tammany Hall last evening, and after passing a series of revolutions relative to the memory of the lamented General Worth—who in life time was brother of the Or- der in good standing—the vociety unanimouely resolved to unite with the authorities of the city and citizens in the public ceremonies of to-day The following persons have been selected to act as pall Gen, Joon Ee Wool, 7 Gen. John en. in E. Wool, Troy. n. Lloyd. Gen. Rich’d Varick Dewitt Col. Abram Van Buren. Gen, Ward B. Burnett. Col. Albert C. Ramsay. Gen. P. M. Wetmore. Major Cady, Commander of Gen, Campbell P. White. Geraraie's Iniaed. Gen. Henry T. Kiersted. ——Cominodtore Perry. r Corea inas Bigelow, ot of tha Gen. John &. Van Reusse- Navy Yard oe” laer, of Albany. Board of Ten Governors, The Board of Ten Governors met yesterday, C. Godfre ~ Gunther, President, in the chair. * (CANAUS OF THR DEPARTMENTS. From the report of the Wardens, it seeme that ther are 7,437 persons now on the Islands—being an increasa of 125 since last week. As compared with last year there is an increase of 1,496 persons in the institutions. ‘THR COMMON COUNCTL AND THE BOARD OP GOVERNORS. ‘The communication from the Board of Aldermen re- questing the Ten Governors to make provision for the out- door poor was then read. Mr. Townsxyp stated that in his view the communiea- tion was offensive in every respect. The Aldermen seemed to take it for granted that the Governors did no do their duty. He denied that had any right to call the Governors to account for whet bey did or ‘Aft net Mr. Manioxy was of the same opinion. He thought the Tesolutions of the Aldermen were buncombe, Mr. B. F. Pinckymy defended the Aldermen. They had aright toknow what was going on in that Board. The city charter recognized the “ of the Common Council to inquire into all the doings of that Board, and they could if they wished appoint a committee to look up their ac- counts, He saw nothing in the resolutions to excite the ire of the Governors. Mr. Toweep did not deny the right of the Common Council to inquire into their accounts; in fact they had heen solicited to do ao, but would not. What he objected to was the endeavor on the part of tho Aldermen to inter- fere in their executive duties. ‘The resolutions were then referred to the Committee on Out Door Poor. BRANCH WANTING TO CO TO THE ALMHOUSE. The following communication was received from Stephen H. Branch in which he recounts his misfortunes, and asks the Governors to admit him to the Almshouse:— To THr HoNoRARLE THE BOARD oF Tay GovERNORS:—~ Gaxrixmex—Your petitioner respectfully represents that he is reduced to beggary by the Corporation of New York, who used his intellectual energies nearly two years and borrowed $2,000 from him, and have refused W pay him since 1856, although: he offered them $2,500 of his claim if they would cancel the residue without further rocrastination; that one of his cretiitors is the widow of jorge Steers, the renowned architect of ocean habita- tions, from whom he borrowed a portion of the $2,000 ho loaned the Corporation; that Mrs. Steers is near the close of her mortal career, which sorely grieves his heart, ag he desired to restore her money before she died, ‘and thng redeem his sacred pledge to her noble husband, and enable her to bequeath it to her three litte children prior to her reunion with George in heaven; thatthe Al- dermen passed his claim by 17 to 3, which the Cou: men defeated by 27 to 7—thirty.one votes being re- quired to pass it; that be is poor, sick and friendless, and literally worn out, and implores adimixeion to tho Almshouse, where he will work as much as his health will pert «i will also give you the few doliars be gels per annum from some property his father left him in the form of a life estate; thaton his kuees and in co- pious teare he craves an immediate abode in the Poor- ouse, Where he will not long be expensive as a public pauper, as his feeble puise hourly waras him to preparo for a mournful journey to Potter's Field. Very Mncerely, STEPHEN FL NCH. Mr. Surrn wished the communication to be referres to the Committee on Out Door voor. He for one thought Branch had been hardly used, ani be was willing to give him some small office W relieve his necessities. Messrs, TikMaNy and Guntien expressed the same view, and the communication was so roferred. A FEMALE PENITENTIARY Mr. Gunner offered a resolution 'n favor of immediate- ly buildiog.a female prieon on Blackwell's Island, That lepartment was over crowded, aud a new prison was ab- solutely required. Mr. ANN was of opinion that this priven should be built forthwith. He bad no doubt but that in five years it would be crowded, 80 fast was the increase of this clas of criminals, ‘The resolution was referred to the Penitentiary Com- mitte to report. ‘The Board then adjourned. The Unemployed, MEETINGS IN TOMPEINS SQUAKE AND THR CITY HALG VARK—THEY DEMAND WORK OF TH® CENTRAL PARK COMMISSIONKRS—OFPICR OF THE COMMIS SIONERS GUARDED BY A YOLICR FORCE —THE COMMISSIONERS KEFUSE TO NOTICE THE WORKING- MEN, WHERKUPON THE LATTER DISPERSE. ‘Yesterday morning, pursuant w adjournment, the work- ingmen met in Tompkins square to the number of several hundreds, and talked over their grievances; soveral speeches were made, and it was determined to make an- other application for work at the Central Park Commis- sion. Mr. Richard Moore was the principal speaker, and suggested tnat one thousand more men could be employed by the Commissioners by putting on another gang of the same number as are at present employed, each gang work- ing three days per week. After talking for some time, the crowd marched in procession through First avenue, Allen street, Grand and Centre strecte to the City Hall ‘atops, where a meeting Was organized, and Mr. Moore ed to make a rambling, dscarsive apeeceh, setting Wat the principle of the two gangs of men «bould be adopted, ax thereby a great many would be kept from starving. He exhorted them to remember election day and see to it that they voted only for the men who wou! Fustain them. He denounced those who called the tneet- ings riotous. There bad been, he said, $40 rained in the + Seventeenth ward among the police for the poor, and thoy: had uot received one dollar of it, There had been $200 in all rained for the poor among the poties, and not ‘one cent had boen given to the workingmen. Where had the money gone? He enquired where the $250,000 given to the Central Park Commisioners had gone. ‘He advised them not Ww ust ty 4 committee, tut be th wn committee. He was going down t the office of the Com missioners at one 0 ciuck, lo see Whether he wax going Wo have work, and wanted them to «tay around the epot witil he came back to report w them the result of his interview, Mr. Moore then left the steps of the City Hall, followed by & large crowd , busting and jostling him rather rouguly Mr. Smith, the great poet of the workingmen, was in the crowd. and disparaged any application tw the Central Park Commissioners. The crowd continued for several hours amusing themecives in obe way and another Meanwhile, Mr. Moore and the committee had gone down to the office of the Central Park Commigsioners, creat- ing great consternation among the policemen, stationed to the number of twenty, about the balls to prevent any outbreak. They sent ina communication to the Board, asking for work, but leo Was taken of it; and after loitering about for an hour, they returned to the Fark and represented that the Commieioners were in secret see sion and would not hear them. crowd was sou dis persed by the arrival of the remains ef General Worth, which had been disentombes, trom Greenwood MEETING OF THE WORKINGMEN TODAY. A call for the assembling of all workingmen—employed ‘as well as uncmployed—without regard to political color or creed—at the Steuben Hoawe, No morning, at ® o'clock, hae been ee! Workingmen’s Execative Commit bor and the propriety of for min sociation throughout the entire Linon will be agitated. Christianity and the Poor, At the reguiar meeting of the Young Moa’y Chri-tian Thion, inst evening, in Clinton Hail, Rev. Saronel good, D.D., read an essay on “Christianity in reference to Labor and the Moor’’ to a select and respectable auditory After some appropriate introductory remarks on the pre sent state of civilization, be spoke of the political ceone. mist, who professed to set all matters right, His great deficiency he speaker's estimation, was his prevalent. disposition to think only of the nation’s wealth by the state of the public treasury—thus caring little for the welfare of the people and @ just distribusion of wealth. If, said Mr.0., by way of titration, poms of my on retiring to their homes were attacked and by our city garroters of a small quantity of specie, yuld be as mech wealth in New York to-night, bat it would pot be a8 pleasantly distributed. Political ecano mists affirmed that it was not right for the ment to ive e@nploymentto the poor. The reverend gentleman then ed at the various socialistic schemes, especially the ince of Fourier, maintaining that althougn they pre- ed come commendable doctrines, they were inaiequate to produce harmony in society, in jusion, the emay ist dwelt upon the character of the Christian moraitst and the superiority of Christianity ar a remedial agent (0 every other system. In all ages Gh actively engaged in promoting the social welfare of mankind The history of any Christian denomination would prove the power of the Christian scheme to remedy the worst of social evils. Brey Coruine een Sovak oy carried every one who adhered 4 The labors of Wesley ‘and Fox had done more to establish social virtue and harmony than al! the schemes of the go- Ciatiate put together. The Christian idea of domestic purity and union was very powerful and sacred; and the duty of tn all their actions. ich was lengthy, was interspersed with ‘The essay, W' ~) . ime of wit , and was listened to Ti imarked attention x The Police Commisstoners INTEND TO EVADE THE INJUNCTION RESTRAINING THEM FROM FILLING UP THE FORCE BY APPOINT ING SPRCIAL POLICEMEN FOR THE ELECTION. We learn from undieputable authority that the Police Commissioners, in secret seasion on Monday, deculed appoint special policemen for duty on election day, ia view of the injunction restraining them from filling up the force,