The New York Herald Newspaper, November 26, 1857, Page 4

4 NEW YORK HERALD. —— oo JAMES GORDON BENNETS, EDITOR AND PROPRIETOR. NEW YORK HERALD THORSDAY, NOVEMBER 26, 1857. The iene e of the Bank of England, That terrible event, which has been darkly foreshadowed in these columns on various occs- sions during the past three weeks, has come to OFFICE N. W. CORNKE “Or NASSAU AND FULTON sts, | pass at last; the Bank of England has virtual- aa TERMS, acter THE DAILY HERALD, to conte per copy, $1 per ene. "AMUSEMENTS THIS DAY AND RVENING, OADWAY THEATRE, .E, Broadway—Evening, Sexes TeAT om AWaY—Parren vs. Cuarene—Fenanare Nuig NIBLO’S GARDEN, Broadway--Afernoon, Four Lovaas os ‘Rors Fears—Bosaas. Evening, Zamrarrta aye Grewia O” Tus Tiowy ROFe—PLORA AND ZEPHYR—DOwEAs, — BOWERY THEATRE, Bowery—Afternoon and irening, altamas np Gruaastio Fasts—MOwEsY OF ‘NHRATRE. Broadway, Bond street— ahunoon Fass ap Lonpon—Comic Partomimn—Acno- a og &o. Evening, Panis axp Loxpon—A Dar in ow 4 — WALLACK’S THEATRE, Broadway—Evening, Past ano Paesent—Uevisisis HossamD. LAURA KEENE’S THEATRE, Broad: -Afternoon and piATEA Sony SPncracin OF Tun Bua, OF .0s, On a Mo- Tank's BAYER. ACADEMY OF MUSIC, Fourteenth in girenten ePrarnoon, Tra: Liaw OpeRa AND CONCERT —LA SONNAMBULA, A. ‘VENILE COMEDIANS, 444 Broadway—Af- tefhdeucand Rvoning, Aueism MatD—Sinaing asp DANcIxO— ‘Tux Weisu Gin BARNUM'S AMERICAN MUSBUM, Broadway—Morning, Tourn Wao Navas Say 4 ‘WOwAN—BLOOWER 16 mer ~after- [aox’s i A Nawe—Famity Jags. Evening, Our Counenr's Shraws, WOOD'S BUILDINGS, 661 Ol and 63 Broadway.—Gzoros Sunury & Woon’s Minsteaws—Afternoon, Pate Pirer Pure Popa. Evening, Poor Doo Trav. MECHANICS’ HALL, 472 2 Broadway—Buvarr's Munstaeis —Afernoon and Kvening—Brmortax Sones—CoLonap Pio- tune GalLteRY—OLD NATIONAL CIRCUS, & Bowery—Equestaian Feats— Grunastico Exuvcises, &0. EMPIRE HALL, 596 Broedway—Paitinas Livsteative or vas Kane Kxrepition, 4c. Bop River, 40. ‘The News. ‘The Tennessee has arrived at New Orleans, with news from the city of Mexico to the 19th and from Vera Craz to the 2lst inst. She also brought twenty-three political exiles. Affairs in Mexico are rapidly growing worse; the revolutionists were in ac- tive correspondence, and the return of Santa Anna and the downfall of Comonfort were regarded as certain. Gen. Carvajal, who so long kept the Mexican fron- fier on the Rio Grande in an uproar through his re- volutionary and filibuster movements, and who is now editor of E/ Pueblo, published at Camargo, comes out strongly in support of General Pillow's statement that Santa Anna was bribed, and states that he believes such to have been the case. We are notified by telegraph that acold snap of marked severity for the season has been experienced all over the country. Snow has fallen to the depth of several inches in some places, and by this time the Erie canal must be completely closed. Only twice before, in 1838 and 1845, has canal navigation closed asearly as the 25th of November. A very large quantity of produce will be caught in the ice, and business will suffer not a little by its detention. In this city the weather is clear and cold, the thermome, ter marking twenty-two degrees, with a nipping northwesterly wind blowing. Notwithstanding the cold, however, the weather is pleasant and enjoyable, and is only to be regretted on account of the suffer- ing it will cause the poor, who are not, as a class, a3 well prepared to meet the winter as they were last year. There was a prospect last night that the wea ther would moderate. Our despatches from Utica state that the canal was frozen for its whole length as far as heard from cast and west of that place, and at some points the ice was solid from three to five inches in thickness, so that canal navigation for the season may be con- sidered as over. As part of the effects, flour went up to-day 5c. per barrel, and the Erie Railroad brought down 5,500 barrels of flour and 340 bags of wheat. Navigation has closed earlier than usual, and with a very light stock of breadstuffs in this market. It is believed that a large number of, heavily Jaden boats, bound east and west, have bsen caught in the ice, whose cargoes, if they reach masket, must be for- warded by railroad. The ceremony of the interment of the re- mains of Major General Worth, and the inau guration of the monument erected to his honor at Madison square, and beneath which the remains repose, were performed yesterday in accordance with the programme agreed upon. The military and Masonic display was very fine, and but for the unaccountable delay of the procession, subjecting the spectators to much suffering from the intense cold that prevailed, the spectacle would have passed off creditably to all“concerned. We give a full and graphic account of the ceremonies, together with the eloquent oration delivered by Mayor Wood on the occasion, in to-day’s paper. A mass meeting of employed and unemployed workingmen was held at Steuben Hall yesterday. We give a report of their proceedings elsewhere, A conference of workingmen’s organizations was held last evening, Mr. Gerarty acting as Chairman and Ms. Charles Smith as Secretary. A series of questions to be put to the various candidates at the ensuing election was adopted, and also a provision for publishing the answers of the various candidates. It was also decided to hold a mass meeting in Tam- many Hall on Saturday evening, at 74 o'clock. The steamship Arabia sailed from this port at noon yesterday for Liverpool. She carried out thir- ty-two passengers and a million and a half in specie. The price of cansols by the Vanderbilt was incor- rectly printed in yesterday morning’s papers. The price atLondon on the 13th instant was 89 a 894, and not as printed, 89} a 894. The Commissioners of Emigration did not meet yesterday, most of the members of the Board hav. ing Jeft for their country houses to spend Thanks- giving. The emigration for the year up to the 26th | instant has Leen 173,760—an increase of 40,562 as compared with the emigration of last year. We give elsewhere a document from the Quarantine Commissioners, pitching into the Emigration Board. The recei; of beef cattle during the past week amounted to 2, head, an increase of 378 head as compared with the receipts of the week previ The short supply caused a slight advance in prices, and the quoted rates were &c. a 10{¢., with some choice lots at 11. The majority of the stock offer- ed was, however, of poor quality. There is no mate- rial change to notice either in the demand or prices of other deseriptions of stock. The poultry market ix well supplied, and, as usual at this season, is quite active. The foreign news received by telegraph, and brought by the steamehip Vanderbilt, imparted more confidence to holters of cotton yesterday, who asked from igo. a 3¢¢. advance on previous rates, which buyers were not div posed to give, and more inclined to await the receipt of the steamer's private letters. The sales were under 125 bales, in lots, on # basis of full ic. advance. The closing of the canals, and the foreign news being better than was expected, bad the effect of improving the market for breadatuffe, The receipte by the North river and canals, for twenty-four hours prior to yesterday morning, were as follows:—Flour, 21,000 bbis.; wheat, 66,106 bushels corn, 4,000 do.; barley, 3.108 do. By the Erie Railrond—Flour, 6,500 bbis.; wheat, 340 sacks The ‘transactions in flour were t 4 fair extent with a good local and Eastern demand; the market closed nt 5 cents advance, and in some cases 10 cents per barrel was ctaimed, expecially on good shipping grades, which were bot plenty, Wheat was firmer aod more active among the sales were 10,000 bushels of good Canada white at $1 90 for city milling; sales were also made of M.)waukie club, Chicagospring, red Indiana, with Soutbern red and white, at rates given in another column. Western mixed Gorn advanced to S4c. @ 86c., with light sales ’ was doll at $19 $19 25 for old mess, and at $96 75 Yo 40, and at $16 00 for prime. Sugars were quiet, ‘Ant sales were unimportant. For «ales of Rio and St. Do- go coffee to the trade, and of the former at public auc. doom yesterday, we refer to another piace. Freighta were quiet, and rates to English porte unsettled and nominal éo Bromen measurement goods were taken at 22s per we ly suspended specie payments. True, it is not literally s suspension, The bank con- = No. 326 | tinues to redeem all ite notes in coin, for the present. But it has been authorized to, issue notes beyond the point of possible redemptioa, and it has therefore proximately or construc- tively suspended. Should business suddenly re- vive and confidence return, it might not be found necessary for the bank to issue a larger amount of notes than it could conveniently carry ; in 1847, when Lord John Russell, like Lord Palmerston now, took the responsibility of authorizing the bank to break the law and overissue notes, very few notes indeed were issued, and the bank took care of them without difficulty. But should the present crisis last for any great period of time, should disasters of still greater magnitude than those which have yet occurred befall the straitened commercial world, it might become necessary for the bank to issue such an amount of notes as it could by no common possibility hope to be able to re- deem incoin. That contingency, which would be nothing less than the utter ruin of the bank, is now rendered possible. Of the attitude of the other European banks we have but few details. All are raising their rates of interest to the neighbor- hood of ten per cent. But can they stay the storm with appliances of that kind? We think not. The panic which caused the stoppage of the Bank of England must spread across the Channel; and it will be a piece of uncommon good fortune if the banks of France, Prussia, Hamburg and Frankfort do not find themselves under a positive necessity of suspending specie payments. The shrewdest financiers foretold the speedy suspension of the Bank of France by Jast mail. We are thus in the same boat, and the Lon- don Times will probably revise the strictures it contained some days since on the uncommonly mercurial temperament of the American peo- ple, and their liability to be led away by gusts and flaws of panic. Even solid John Bull, it seems, went roaring to his bank for the guineas. If the truth were known, indeed, we suspect that alf the commercial and corporate rotten- ness is not on this side the water; queer stories about frauds and breakdowns in England are being whispered already; the Royal British Bank, it is feared, was nota unique specimen. Persons whose station and character give im- portance to anything they say have openly ex- pressed very grave doubts of the solidity of financial houses against whom it has been rank heresy to breathe a thought; and indeed, as all the private bankers of London and money operators gene- rally have been largely concerned in our railway schemes, it would not be very sur- prising if most of them were found at this mo- ment overloaded with such securities—on which of course no money or aid could be now obtained. Public rumor likewise tells some strange accounts of the manner in which the English joint stock banks have been managed, and the state in which they are at present: but, as yet, all this is rumor. If the banks and bankers are solid, the action of the government has saved them; if they are rotten, they are past salvation. In one point of view, the action of the British government creates a complication entirely un- precedented in history. Such a financial crisis, so wide-spread and s0 radical, leading to such terrible results, in the midst of profound peace, and bursting upon a thoroughly active and shrewd commercial community, is entirely with- out parallel in modern history; and though Sir Robert Peel foresaw that the bank would, in time of panic, be forced to obtain abnormal relief from the government, though in fact that relief was actually obtained ten years ago, the interference of the government at this crisis immensely complicates and embarrasses the imbroglio. It is utterly impossible to say how things may end. The revulsion may continue and may lead, after breaking more commercial houses, to a general social and political revolution, extending throughout Europe; or it may end as it did here in a gene- ral liquidation and contraction with occasional failures, and ultimately a complete stagnation of business, At allevents, whatever change the virtual suspension of the bank may cause, it is quite evident that nothing can for the present restore to England the control of the commercial af- fairs of the world. That control bas been vested in | the United Stated by the force of circumstances. The priority of our revulsion here, and the suspension of our New York banks; the sudden aggregation of specie here, and the stagnation of trade, have placed the United States in a position to command the world, in acommercial point of view. We can exact specie for our cotton, and Europe cannot do without it; can keep all our gold, and England cannot take it from us. If our banks play their cards with ordinary discretion this crisie will Grown the commerce of the United States as the controll ing power of the world’s trade. Tue Ginnattar or THe Commenciat Wortp, —The New York banks, with their twenty-five millions of specie, occupy the position of the Gibraltar of the commercial world. The banks of England, France and the Continental States have, in a measure, suspended specie payments, or taken steps which are equivalent to it, in order to save their rotten governments, and equally rotten systems of finance, from go- ing by the board. The banks of New York are now the only sound financial institutions in the world. the great central point of foreign exchanges’ We have cotton, corn and coin in abundance to make ours the leading commercial metropolis and the leading commercial country of the world. There are other circumstances which may contribute to give us this position. If the financial panic now raging over Eng- ‘and, France and Germany should lead to po- litical agitation, as on former occasions, what is there to prevent a terrible revolution breakiug out over the whole of Europe? The local finan- cial panic which paralyzed English industry in 1847 laid the foundations of the polifical trou- bles which swept over Europe in 1848. There- valsion from which England, France, and the nations of the Continent generally, are now suf- fering, and which is caused hy the force of things from this side, is of much wider extent and of a much deeper character, and the end of it can hardly be realized at this moment. As to our own prospects, they cannot but improve. Having sown the whirlwind, we may reap from it a profitable harvest. Ought not our banks at once to re- | sume specie payments, so as to make New York | | Prize Fighting tn the United States, The days of chivalry and rufflanism are not quite over. Revolvers and dirk knives have not quite obliterated the practice of the manly and brutal art of self-defence—for the tournaments of the prize ring are only exhibitions of a lower grade of that spirit which prompted the knightly encounters in the good old times when Sir Hil- debrand gave a general challenge to all other true gentlemen to come out and have them- selves cleft to the chine, in order to prove to the world which was the best man to reign in camp and court and ladies’ bower. From Rome the noble and brutal art of boxing was carried to England, where, under the rough Saxon rule, it hath flourished bravely. We re- ceived it by inheritance, and we shall see that, although not patronized by our white-livered aristocracy, the heroes of the ring have ma- paged to shoulder themselves into more or less prominence, according to their physical requi- sites. The honor or disgrace of introducing prize fighting in the United States must be accord- ed to two enterprising gentlemen, named re- spectively Hyer and Beasley. Hyer was the progenitor of the celebrated Thomas, who has lately received the reward of a grateful people, through the instruntentality of the republican Street Commissioner, About the year 1826 several English prize fighters honored the United States by taking up their. abodes with us, and during the next four years they pummelled each other for the amusement of that portion of the community who patronise such exhibitions. The late lamented Yankee Sullivan, Esq., fought no Jess than four times, bled four pails full of blood, and reposed in the intervals upon his laurels at a pleasant retreat in Chatham street. In 1842 two men, named Lilly and M’Coy fought at Hastings, and the latter was killed. The veracious chronicler from whom we take these facts, says, with charming naiveté, that prize fighting was brought to a stand still throughout the United States by this catastrophe, but they (the fighters,) “soon recovered their spirits,” and in the next year there were several fights at New Orleans. The grandest encounter of all, however, took place in February, 1849. Two distinguished bruisers and gentlemen, to whom we have re- ferred in the course of this article—Tom Hyer, Esq., and Yankee Sullivan, Esq.—had a slight personal difficulty, which resulted in a severe beating for Mr. Sullivan from the hands of Mr. Hyer. Correspondence was exchanged between the high contending bruisers, and they agreed to beat, maltreat and maim each other for five thou- sand dollars aside. The excitement among the sporting and lower classes of fhe community throughout the country was intense. Probably not less than half a million of dollarswere wager- ed on the event. The conditign of the men was watched, and reported week by week in the pa- pers. The fight took place in Maryland, notwith- standng the fact that the police and militia did their best to prevent it, and resulted in an easy victory for Mr. Hyer. Tho rush for the papers containing the result has only been paralleled on great occasions. Indeed, there were sold a greater number of copies of the Heratn of that day than on the occasion when we printed the message of the President. The great Hyer was received in Philadelphia and in this city with all the honors of a returned conqueror, and has, until his elevation to office, enjoyed his otium cum dignitate. Mr. Sullivan languished under de- feat, and sought, in foreign travel, a balm for his wounded heart. He journeyed to Califor- nia—enjoyed for a brief time the hospitalities of his Majesty the King of the Sandwich Islands—returned to California, and fell a vic- tim to the Vigilance Committee. Fearing that they would execute him, Mr. Sullivan commit- ted suicide in his cell. He lived a bad life, and made a bad ending of it. After the Hyer and Sullivan fight the “ pro- fession”” became quite “dull.” There have been, however, from time to time, some demon- strations by the lower order of bruisers, who have generally selected the Northern frontier as the scene of their operations. The latest fights have been near Buffalo, by Lazarus and another, where the men hammered each other from morn- ing till night, and then adjourned over till an- other day; and during last week, at nearly the same locality, between two men, named Coburn and Griffin, in which Coburn was the successful bruiser, There has been lately quite a revival of prize fighting in this country, and it may be accounted for in part by the fact that the trade languishes in London, many of its noble and gentle sup- porters having been driven from the ring by the force of public opinion. This has sent many of the bruisers to us, Others have been expelled from California by the exceedingly impolite Vigilance Committee. To the honor of oar city be it said that these injured innocents have been received here with open arms ; sym- pathised and sootbed, fed with the spoils of office, they have rapidly recovered their serenity. Time, the great mollifier, will undoubtedly re- store to them their asual cheerfulness and swect- ness of temper, and an occasional fight or two | will prevent the possibility of their being ennui. The prize fighter varies the exercise of his profession with other occupations. Sometimes he may be found patriotically and magnani- mously arranging the details of a primary elec- tion : again you may see him interesting himself in behalf of the poor immigrant, or discharging the duty of a civil officer of the Corporation, or assisting in the collection of the revenues of our mutual uncle. His wide experience of life— his polished, urbane manners, his hard head, his liberal education, «tout fists and square shoulders are thus by the wisdom of our rulers secured for the public service. In accordance with the pro- gress of the age—moral, religious and mecha- nical—the prize fighter often adds the knife or the pistol to the weapons with which nature has provided him. It is a valuable modern im- provement upon the old system. It is true that there is on the statute book an | ugly law against prize fighting. But that is quite easily evaded. The heroes leave the State to fight their battles, It is a question whether or not the law is of much value when those who break it are elevated to responsible offices as a reward for having done so. Crevarien Fonyey i a Kivx.—Chevalier Forney, of Philadelphia, appears to be getting into a kink on Kansas affaira, He ie rapidiy going over to the nigger worshippers, and is be- ginning to shriek for Kansas as loudly as the Hon. Massa Greeley himself. Indeed, the phi- losopher now quotes the Chevalier Forney’s Kansas kinks with the groatest pleasure and ap- probation. What's in the wind? Many of the Chevalier Forney’s intimate political associates in this city are, we eee, abandoning Tammany Hall, and like him are going over to the nigger worshippers. What can‘be in the wind! SER SS Ae, SWC Co oR REP EE EERE EREE mean yume tperiimper ees cxn np: ncormaccnenerenmeraameel Tux SuavERY Question anD THE DeMocRa- cy—Trovsix iv aA New Quarrer.—The clash- ing opinions between the leading democratic journals of the North and those of the South, in reference to the State constitution of the Kansas Lecompton Convention, indicate a stormy time upon that subject in Congress. Among the foremost journals in the indignant repudiation of the work of the Lecompton con- stitution makers were Colonel Forney’s Phila- delphia Press, and the Chicago 7imes, the home organ of Senator Douglas. So unqualified, too, are the terms in which these two prominent de- mocratic papers have denounced these Lecomp- ton doings, that it will perhaps be gifficult to make this Lecompton programme palatable to many of the Northern democratic members of the new Congress, elected upon the principle of “popular orig” in Kansas in its fullest extent. But the Washington Union has raised a breeze in the party camp upon a new and general issue, compared with which the Kansas ques- tion is as insignificant as the dirty little rivulet called the Tiber, or Goose creek, which flows through the city of Washington, would be alongside the vast volume of the Mis- sissippi river. This new issue is simply this, as argued by the Union, to wit:—That all the constitutions and all the laws of all the Northern States prohibiting the introduction and employment of slave property from the slave States, are unconstitutional; for, says the Union :— The constitution declares that the citizens of each State shall be entitled to all the privileges and. immunities of citizens in the soveral States.’ ry citizen of one State coming into another State, hast therefore, a right to aa tan by coin United re Eistoe— w of the State to the contrary notwithstanding. Sofar from apy State having a right to _Sapeive Bim ‘of his property, it is its bounden duty ¢ protect him in its possession. This is “ going the entire animal ;” for, with the establishment of this doctrine, every State in the Union instantly becomes, in law, a slave State. Should the democracy adopt this new article into their national creed, Mr. Toombs may, perhaps, still live to “call the roll of his slaves on Bunker Hill,” or sell them at auction in front of the office of the New York Tribune, to the utter prostration of poor Greeley. Mr. Senator Douglas, however, cannot swal- low this new prescription. He tastes it and re- jects it with the keenest disgust. The Chicago Times—his. especial organ—denounces it as “a bold and infamous attempt to destroy the demo- cratic party,” and as a doctrine “utterly hostile to the democratic platform, and destructive of State sovereignty and national union.” Nor is it necessary here to repeat the law and gospel upon which Mr. Douglas, through his organ, proves his position; for the absurdity of this new dogma of the Washington Union is only equalled by its cool and unblushing im- pudence. We do not care now to enter into this debate. There will be time enough for that when it is broached in Congress. But in this matter there is “a wheel within a wheel,” we suspect, both at Washington and Chicago. The Washington Union, perhaps, is laboring to recover its lost ground with the Southern fire-eaters, in view of the Congress printing, and thus runs gaily be- fore the wind in spreading the constitutional rights of slavery smack up to our Canadian frontier. On the other hand, Mr. Senator Douglas, from his experiments at two or three national democratic Conventions, has probably come to the conclusion that holding horses for the Southern fire-eaters does not pay expenses and that his own section, and the constitutional rights, interests and sympathies of his own sec- tion, can only be relied upon for Presidential capital. This is all that we have to say at pre- sent upon this new ground of quarrel between the Washington Union and the home organ of Mr. Douglas. We care nothing for the outside husk and shell of the case; but give usa taste of the kernel, or a view of the “wheel within the wheel,” and we can soon solve the argument on both sides. We may expect some astound- ing developements in the Senate within a month from the official reading of the President's mesrage. Tue Oncanxwarion or Tur New Hovsr or Represeytatives—Tnk New York Deweca- Tion.—The politicians and the office seekers are beginning to stir themselves in reference to the organization of the new Congress; and here and there the several democratic cliques inte- rested in this man for Speaker, that man for Clerk, and the other for Sergeant-4t-Arma, &., of the new House of Representatives, are cast- ing about them for votes, and counting the noses of every State delegation. In order to take time by the forelock on this business, some ten or twelve members of the New York democratic delegation got up a little informal caucus the other day at Delmonico’s, and the modesty of their demands in behalf of the Empire State is most remarkable. They were in favor of Mr. Orr, of South Carolina, for Speaker; they arrived at no conclusion in refe- rence to the Clerk, but Mr. Robinson, of Indi- ana, and Mr. Allen, of Ilinois, had each sfrong friends in the meeting. As to the House Post- master and Sergeant-at-Arms nothing was said; but the meeting took strong ground in behalf of Mr. George B. Wooldridge for Doorkeeper, as the candidate of the Empire State democracy. This, we say, is a very modest claim—the ham- ble position of Doorkeeper in bebalf of this great State, Nor can we perceive how it can be refused, considering the splendid achieve- ments of the democracy in our late State eleo- tion, and the eminent fitness of Mr. Wooldridge for the post. He was a doorkeeper in our State Legislature last year, and while on an official mission was maimed for life, though not to an extent to interfere with his capacities for a similar office at Washington. On the other hand, we should think this misfortune as a pub- lic employé would have its weight in his behalf with the State delegation as vouchers for his practical qualifications for the place. We care nothing for offices or office seekers, but now and then, when a deserving and modest man falls in our way, we have no objection to give him a word of encouragément. ‘ Tue Atpaxy Losnyrres Taxtne Sounptvos,— The lobby clique of the Albany Argus are en gaged now in taking their soundings of the new Legislature. In a late article on the “Banks and the Lobby,” these Argus philosophers pat the banks upon the back in a patronizing way, and kindly admonish them that “the honest por- tion of the public desire no legislation in rela- tion to the banks, except to accomplish such undoubted reforms and to remedy such obvious defects as experience has pointed out.” This is generous; but it will answer all the purposes of the lobby asa platform. In the meantime, let “the honest portion” of the Legislature keep a sharp eye upon “euch obvious defects” in those great lobby jobs of the State printing “ss expe- rience has pointed out,” and look well to the tricks and combinations of these lobby reform- ers of the poor old Argus. Evrecr OF THE Panic on Anr anv Arr Exai srtions.—One of the unfailing indications of really hard times is the conditién of the arts which are dependent upon the active circulation of money for their existence. With- out commercial and manufacturing prosperity, neither the actor, the painter, nor the sculptor can hope to thrive; and we therefore look to the receipts of the theatres, and to the general state of business in the other branches of art, as necessary evidences of the extent of the pressure. We have already shown, by a statement of the returns of the different theatres on particu- lar nights during the height of the panic, that these establishments did not exhibit the falling off that might have been expected from the all- absorbing anxiety that pervaded the public mind. There was an additional feature in these returns which afforded a corroboration of .the opinion that, although the shock was a severe one, it was not of a character to produce any permanently distressing effects amongst the in- dustrial classes of our city. Whilst the theatres frequented by fashionable people suffered a good deal, those attended by our citizens and me- chanics exhibited scarcely any evidence of di- minished resources on their part. This might be, and was by many attributed to the improvidence of the latter; but other circumstances have since tended to show that their condition and prospects were not so bad as they were represented, and that the majority of them must have been econo- mising their earnings in prosperous times. Most employers, besides, instead of diminishing the number of their hands, resorted to the more humane and politic plan of working only half or three-quarter time, which relieved them from the painful necessity of throwing numbers out of employment. That comparatively few of our city operatives have been reduced to a state of entire idleness is proved by the returns that we published yesterday from the different sta- tion houses. These facts will account for the singular circumstance of the minor theatres being but little, if at all, affected by the finan- cial stogm which is passing over our heads. There can, in fact, be no stronger proof of the partial character of the visitation or of the general soundness of the legitimate business of the country. This view is still further borne out by the already reviving condition of the amuse- ments patronized by the wealthier classes. Under the immediate influence of the alarm caused by the run upon the banks, the Opera and all the first rank theatres suffered conside- rably. Atone time it looked as if most of them would be compelled to clase their doors altogether. When, however, the real causes and character of the crisis became clearly de- monstrated, they exhibited evidences of return- ing animation, and now the majority of them are doing a fair business, considering the se- verity of the ordeal through which we are passing. But the most remarkable circum- stance of all connected with the panic is that the arts whose productions may fairly be class- ed under the head of luxuries, have suffered comparatively little from its pressure. Take the photographic galleries, for instance—they are all doing « thriving business, and the crisis, 80 far from diminishing their receipts, has, we be- lieve, considerably augmented them, owing to their judiclous compliance with the economical spirit of the times, The British and French art collections, which of all other institutions might be supposed to suffer most from the alleged scarcity of money, appear, strange to say, to thrive upon our supposed poverty. They are both daily and nightly crowded with visiters, and the profits resulting from both ex- hibitions will, we understand, fully equal the expectations of their promoters. The success of these exotic attractions at such a period as the present forces us to the conclusion that either the taste for the fine arts has taken a sudden expansion amongst us, or that the times are not quite so hard as they are represented. We are rather sceptical on the subject of sud- den conversions in art matters, and therefore incline to the belief that there is still plenty of idle money amongst us, which is only waiting safe channels of employment. Tur Usury Laws.—Events indicate that the struggle for the repeal of the Usury laws will be renewed this winter with unusual vigor. Nor is there anything surprising in this, While the Bank of England, bending to finan- cial storms, raises the rate of interest as high as need be, but continues to accommodate all who deserve accommodation to the extent of their wants, our banks, unable to do business at # higher rate than that fixed by law, can only meet a storm by curtailing their accommoda- tion and breaking their customers. Could there be a more conclusive commentary on the Usury laws? But, while our mercantile men are preparing to waste time on the rural dullards who assem- ble at Albany, why should not some sensible person propose a reference of the whole subject to Congress at Washington? Under the consti- tution Congress is invested with the supervision and direction of commerce, of which the Usury laws are arule and formula. They therefore fall properly under the control of Congres, and may be legislated upon with perfect propri- ety. Again, if a State makes arule with re- gard to the Usury laws, it only covers that State; all the rest of the country is independent of its operation. How absurd this is in a country whose commercial operations are inti- mately intermingled and closely connected to- gether! A uniform law on the subject of the interest which it shall be allowable to take for money would be eminently advantageous, and might very properly accompany some Congressiona provision for the equalization of the value ot paper money or the establishment of a uniform currency. Cochrane's Speech in Tammany Hall. New Yorn, . 26, 1867, Jase Gonvow Baxserr, Eorron or tae Herain:— My Dean Str—My remarks at tho Tammany Hall meeting have been misquoted. In one report the sen- tence ia left incomplete s in another, ]am represented as having said that if a candidate were proclaimed to be a devil Incarnate, yet if he had received a regular nomina- tion from a convention qualified by opportunity and intelli. gence to judge of his merits, be should be supported. So [aid and eo { think, Very respectfully yours, JOHN COCHRANE. Political Intelligence. Atanama Unitep States Savaton.—Hon. Clement C. Clay was elected, on the 21st inat., to the United States Senate, by the Legislature of Alabama, for six year from the 4th of Match, 1869. He will be his own successor, THE LATEST NEWS. ‘The Progress of Distraction—More Extles— Plots of the Revolutionists, dic, New Onxans, Nov. 24, 1867. ‘Tho steamship Tennessee has arrived here from Vera. Cruz, with dates tothe 21st inst., and from the city ef Mexico to the 19th. » The country was in the most distracted condition, and ‘another general revolution was impending. Negotiations were pending between the revolutionises ‘and General Santa Anna, whom, undoubtedly, they intend for President, Of the passengers by the Tennessee there are twenty- three political exiles, and among these are ex-Presidens Salas, Jose Washington, Colonel Powers and Williams Moran, editor of the Zatraordinary, who was imprisoned for publications against the Governor of Zacatecas. Comonfort’s fall was considered cortain, and tt was ‘thought doubtful whother his life would be spared if he remained in the country, —__. News from Wi THE OPENING OF CONGRESS—THE sPRAKERSHIP— GEN. WALKBR’S PLANS AND PROSPECTS. Wasuinarox, Nov, 25, 1867. The impression here this evening is that the organiza- tion of the House of Representatives will be completed om. the first day of the session. Only two of the South Care- Kina members will go into caucus on the Speakorship, um- less it be Jdeomed necessary i® order to secure Colonel Orr's nomination. The indications are that the whole South will vote for Col. Orr on the first ballot. ‘The public departments are to be closed to-morrow. It is understood here that Gen. Walker will soon have quite a large force in Nicargua. Names of emigrants are daily offering, and several hundred are now on the eve ef departure. His plans are said to be more complete than bis departure in the Fashion with three hundred mea seemed to warrant. THR GENERAL NEWEPAPER DESPATCH. ARRIVAL OF GOVERNOR WALKER—SIR WILLIAM GORB OUSELEY'S MISSION, ETC. Wasmineton, Nov. 26, 1857. Governor Walker, from Kansas, arrived in Washington to-night. The statement in the London Post to the effect that Sie Wim. Gore Ouseley has a mission to the gcvernmont of the United States, is altogether incorrect. He is simply accre- dited to the governments of Central America, and has come to Washington to consult with Lord Napier and Gen. Cass. The interviews between the President and Secretary of State and Sir William Gore Ouseloy have hitherto beem merely of a ceremonious and friéndly character. The object of his mission will shortly be communicated to the Department of State by Lord Napier. To-morrow being set apart as ajday of Thanksgiving, all the departments will be closed and no public business ‘transacted. Much solicitude is felt regarding Gen. Walker’s filibus- ing movements. The government as yet has received no advices on the subject. Cold Weather and Snow Storms—Navigation Closed on the Erie Canal. Aupany, Nov. 25, 1857. About midnight a very severe and sudden change took Place in the weather here; the wind changed to the north- west and blew a perfect gale for the balance of the night, the thermometer falling rapidly. This morning the mer- cury marked 11 degrees above zero, The change appears likely to defeat the hopes entertained of keeping the canal open two weeks longer between here and Rochester, and of the resumption of navigation to Buffalo. Unless the weather changes or moderates canal navigation may be considered virtually suspended, although some portions of the canal are still free from ice. Only twice before, inthe years 1838 and 1845, has navigation closed as early as the ‘25th of November. In those years it closed ou that day. In 1827 the canal closed on November 27, but re-opened and remained navigable till December 28, A very large ‘amount of produce ig now on its way. Six o’Cioce P. M. ‘Weather calm, and clear and cold. The harbor is oti partially open, but the canal is closed. Burvato, Nov. 25, 1867. ‘The weather here is clear and cold. The tanal is se frozen ovor that boats cannot move, In the harbor there is considerable ice, and vessels experience a great deal of difficulty in moving about. ‘Sex o’Croce P. M. The weather is growing colder, and there is quite a severe frost. Advices have been received from Syracuse, Fort Plain, Utica and Lyons, stating that the canal was frozen tight. At those points ice breakers are busily oa- gaged in attompting to break a passage through, but the ‘Weather continues too cold to allow a hope of success. Lyons, N. ¥., Nov. 25, 1857, Navigation is entirely suspended here, and this morn- ing boys are skating on the ice. The weathor is very cold and gives little prospect of further navigation this seasom. Alarge number of boats are detained on the Cayuge Marsh and along tho canal between here and Buffalo. Oswnao, Nov. 25—P. M. The weather here to-day has been very cold. There have been uo arrivals or clearances by lake. Civcixwatt, Nov. 26—P. M. The weather here is clear this evening, and the thermo- moter stands at twonty-one degrees above zero, There ia nine feet of water in the channel of the river at this point, and the water is falling. Bostow, Nov. 25, 1867. The weather here to-day has been cold and blustering. The thermometer this evening is down to 20 degrees. CouNawoon, ©. W., Noy, 26, 1867, * The ice in this harbor ix two inches thick. Tho steamer Canadian makes her last trip up Owen Sound, on Satur. day, the 28th inst, COLD WEATHER AT MONTREAL—CLOSING OF THE BEAVHARNOIS CANAL. « Mowmeat, Canada, Nov. 26, 1857. The weather here is very cold, the thermometer this morning marking 4 dog. above zero. The Beavharnois canal has been frozen over, and its Davigation stopped for the season. Marine Disasters on Lake Erte. Borrato,’ November 26, 1867. The schooner Waurican, of Buffalo, with a load of wheat, is ashore at Port Burwell ‘The schooner Mazeppa went on the breakwater bere during the gale last te but received very litte damage. The schooner Europa is ashore a few milos up the bay, with ber bottom out. The schooner Sanderson lies on the beach, fifteen milea up the South Shore, but is not mach damaged. The bark David Morris is ashore above Point Albino, and full of water. ® All the foregoing vessels were bound to this port. ‘The schooner Shickluna, bound to the Weljand canal, is ashore six miles above Port Colborne, six foot of water in her hold, Marine Disaster on Lake Michigan, L088 OF SCHOONER ANTELOPE, AND CAPTAIN AND FOUR SEAMEN. Om0aco, Nov. 25, 1957, The schooner Antelope, which left here last week, with acargo of wheat for Oswego, was blown ashore at the mouth of the St. Joseph River, on the night of the late se- vere gale, and with her cargo was totally lost. Osptaim Budd and four of the seamen wore frozen to death. More Names of the Lost in the Steamboat Rainbow. Crvonewati, Nov. 25, 1867. The following are the names of more of the lost passe ger of the steamboat Rainbow — Mr. McGaffin, of Kentucky. Three children of Mra, Whittaker, of Voksburg- Mrs. Wheatley and child, of California. One lady cabin passenger, and Three lady deck passengers, names unknown. ‘The third ani fourth cooks. William Rochester and KE. Prather, stewards. ‘Three deck hands and three colored boys, names un- known, Mr. Leake, of Arkansas, Mr. Ingraham, of New Orleans, and Miss Fagrick and Mr. Brashears, of Weet Point, —————— (The Chamber of Commerce of Charleston an@ the South Carolina Banks. Cuansestos, Nov. 24, 1867. ‘The Chamber of Commerce of this city bave prepared & memorial to the Legislature asking for the passage of an act to prevent our banks from using the circulation of any bank within the State beyoud the limite of the State for discount purposes; and also to prevent the recovery im our State courte of any notes, exchange, &c., which may have bean made payable in other Atates for the purpose of evading our laws aud exacting illegal discount rates. Suspension of Trull & Bros., of Boston. Botox, Nov, 26, 1867 The Transcript announces the suspension of Mossra '