The New York Herald Newspaper, December 8, 1857, Page 4

4 NEW YORK HERALD, JAMES GORDON EDITOR AND PROPRIETOR. ee a eaaners CORNER OF NASSAU AND FULTON STS. ‘AMUSEMENTS THIS EVEBING. WIBLO'S GARDEN. Brosdway—Ticut Rorx Faars— Louise, of ras Vision—MRDINa. BOWERY THEATRE, Bowery—Kavasrarax axp (rx- Basmio Feats—Jgoxo, On tm BRaziuias Ars. BURTON'S THEATRE, Broadway, oppostte Bond street— Dowpar axD SON—ANGEL's AND LUCIPERS. WALLACK’S THEATRE, Broadway—A Cue ror THE Hissetacus—Laves wax You Cay 4 KEENE'S THEATRE, Brosdway—Tax Sea oF yen pty A Moruse’s Paares. si OLYMPIC, 585 Broadway—Rosert Macatsa—Tuat Ras. OAL THomas—SractRx BRipscRoow. BARNUM’S AMERICAN MUSEUM. Broadway—After. noon ; Tae Truta’s 4 Lig—Carcuino an Huinxss, Evening; Cxoss or GouD—Lavcu anv Grow Fat. WOOD'S BUILDINGS, 561 and 563 Broadway.—Gronem @unuty & Woon's Mineteris—Harrr Man. MECHANICS’ HALL, 472 Broadway—Bavayr's Minstagis —Ererorian 80nGs—CBIN ESB ACKOBATS. NATIONAL CIRCUS, 84 Bowery—Afternoon and Even- Ing, Rquesreian Feats—Grunasrio Exencises, Sc. NIBLO'S SALOON, Broadway—Muee. Guanven-Jonsson’s First Concert. ow York, Tuceday, December 8, 1857. BAILS FOR EUROPE. @he New York Herald—Edition for Europe. ‘The Cunard steamship Africa, Capt. Shannon, will leave quis port to-morrow for Liverpool ‘The European mails will close in this city at half past ten o'clock to morrow morning. ‘The European edition of the Herat, printed in French and English, will be published at half-past nine o'clock in the morning. Single copies, in wrappers, six cents. Subscriptions and advertisements for any edition of the New Yorks Hexary will be received at the following places in Furope:— Lowpox., ..Samson Low, Son & Co., 47 Ludgato hill. ‘Am.-Buropean Express Co.,51 King William st Pans .....Am.-European Express Oo. ,8 Place de la Bourse. Liverroot, Am.-European Express Co., 9 Chapel street. R. Stuart, 10 Exchange street, East. Bavna...,.Am. European Express Co., 21 Rue Corneille. ‘The News. We have four days later news from Europe. The steamship Baltic, which left Liverpool on the after- noon of the 25th ult., arrived at this port yesterday forenoon, bringing our European files dated in Lon- don on that morning, and in Paris on the evening of the 24th. She also brought $19,980 in specie. The financial intelligence is very interesting. Mercantile confidence extended in London after the America sailed on the 2ist, notwithstanding the serious aspect of the Bank of England returns, and nearly £400,000 of Australian gold was sold to the bank during the day. This state of good feeling is repre- sented as being more distinctly visible on the 23d, when £160,000 in bullion was taken to the bank. A good many additional failures were reported on *Change during the 24th, but money was plentiful, and short loans on government security were had at from six to seven per cent. Consols closed on that Gay at 89} a 90 for money, and at 90 a 90} for 7th inst. Notwithstanding all this, it appears that the finan- cial crisis had then embraced the entire continent | of Europe in its range—Spain at one extremity and | Raasia at the other having become involved. The | following is a list of the latest failares:— Herman, Sillem, Son & Co, «London. Messrs. Carr, Josling & Co .London. Monsrs. Alexander Hintz & Co London. Ullberg & Cremer... -Hamburg. F. Blas & Schomburgh, -Hamburg. H. Overbeck... ese . Bremen. | Messrs, Sassenberg & Morzer . Bremen. | -London | -Hamburg. | . Leeds. | Liverpool. | Jonathan Bottemley Bradford. Messrs, Starbart & Hughes Hamburg. | Messrs. Topuz & Co... . Constantinople. | The liabilities of Ulberg & Cremer, Overbeck, Bassenberg, Carr, Josling & Co., and Topuz & Co., are estimated, in the aggregate, at £1,420,000 ster- | ling, or about $7,100,000. The Liverpool cotton market was a little more ac- | tive at noon on the 25th, but closed quiet. Thirteen thousand bales were sold in the three days. The market was generally one-eighth of a penny per pound lower. There was a better feeling in flour at previous rates. Indian corn was very dull at a de- cline of sixpence to one shilling. M. Fould, the French Minister of State, had visited London with reference to the subject of interna- tional finance. There is nothing later from India by this arrival. Lord Howden, the English ambassador to Spain, was about to leave Paris for Madrid, with the view of officially endeavoring to effect a settlement of the Bpanish Mexican difficulty, and, if possible, to cause Queen Isabella to receive Signor Lafragua, the Mexi- can envoy. At the same time the French minister in the city of Mexico had been instructed to use his influence with the Comonfort government in order to ensure a pacific solution of the pending questions, fand thus disappoint the enemies, as alleged, of Mex- ico, England, France and Spain in the United States, in their hopes of territorial gain from a war. Among the general news items we find that Rossia was strengthening her position a gainst the mountain tribes—that Spain had escaped @ political revolt, the affair at Barcelona having been insignificant—that the Servian conspiracy had come to an end,and that the triumph of the Sardinian ministry was complete, the liberal majority being very considerable. Prince Gagarin, Rossian Governor-General of Ku tais and Mingrelia, had been assassinated by a Min- frelian prince named Dodech Kiliane. From China we have advices telegraphed by way of Suez to London, dated at Shanghae, September 27, and at Hong Kong,on 5th of October. Lord Elgin was at Hong Kong, but had made no progress, either political or warlike, towards the discharge of bis mission. Silk was lower in price and the tea market unchanged. Macoa was visited by a severe typhoon on the Ist of October, which caused mach damage. At Singapore, E. 1, on the 6th of October, gold Gust rated—Malayan, $29 26 a $30, and Australian, 95) 60 & $82 per bunkal. A Grand Jury could not be obtained in the Court Of General Sessions yesterday, and those answering to their names were discharged till this morning. ‘The petit jury were also dismissed, there not being any cases ready for trial. Mr. Peter B. Sweeny, the District Attorney elect, was present. Recorder Smith suspended judgement in the case of Peter Ravenhall, convicted of receiving stolen goods in the October term, be having furnished affidavits of pre: vious good character. The Metropolitan Police Commissioners had a very exciting session yesterday. Mr. Perit made the longest speech he has yet made in the Board, strenu- ously denying that he had made any pledges to Mayor Wood or any other human being with refe- rence to his official action in the Board. Mayor Wood reiterated his assertion that had he not be- lieved that by Mr. Perit’s becoming a member of the Board the old police would obtain their rights, be would not have nominated him for the office. A #picy debate took place between Mayor Wood and General Nye, in which the lie was mutally given by implication. We give in our report a graphic de- Ineation of the proceedings. The centennial anniversary of St. John's Lodge of Freemasons was celebrated last evening by an ora tion at Dr. Chapin's church and a supper at the As rembly Roome. The Board of Supervisors having adjoarned sine for want of a quorum last month, did not meet erday, nor can they convene until a special call nade | 1857. NEW YORK HERALD, TUESDAY, DECEMBER 8, -1857. decision of the late Judge Paine, which declared the slaves free, was delivered yesterday in the Supreme Court, Judge Roosevelt dissenting. The material points of the conclusion of the Court are given elsewhere in our columns. The thirty-fifth Congress was inaugurated at noon yesterday. The weather was delicious, and the Capitol was thronged with spectators, including the entire diplomatic corps. Fifty of the sixty Senators were present. Mr. Fitzpatzick was chosen President pro tempore of the Senate, and the usual formalities were observed. Mr. George W. Bowman, of Pennsylvania, was subsequently confirmed as Superintendent of Public Printing. In the House two hundred and twenty-one members answered at roll call, only thirteen being absent. The demo- cratic caucus candidates for officers of the House were chosen with great unanimity. Here are their James L, Orr, 8. C. james C. Allen, Illinois, .A. J. Glossbrenner, Penn. -R. B. Hackney, Va. .M. W. Cluskey, Ga. Mr. Orr returned thanks in appropriate terms for the honor conferred upon him, and the swearing of members was proceeded with. The currency ques- tion was introduced thus early by Mr. Florence, of Philadelphia, who gave notice of a bill for the sup- pression of bank notes as currency, and of bank notes of @ less denomination than one hundred dol- lars as a circulating medium in the District of Co- lumbia. The President's Message is now in the hands of the government officials in this city. As soon as the reading of the document is commenced in Congress it will be issued to our readers in an extra HERALD. The struggle upon the House printing has by no means abated. The prize will not be relinquished until the hungry contestants are actually beaten off. The democrats held a caucus last evening, when Mr. Steedman, of Ohio, was declared the favorite. Much trouble, however, is anticipated before this fierce fight for the spoils is definitely settled. The United States Supreme Court commenced its sessions at Washington yesterday. All the Jndges were present, the seat formerly occupied by Justice Curtis alone being vacant. The Court of Claims yesterday decided adversely to the claim growing out of the capture of the priva- teer brig General Armstrong, at Fayal, during the last war with Great Britain. ‘The sessions of the December term of the Common Council commenced last evening. In the Board of Aldermen a resolution was adopted revoking the ap- propriation of $250,000 made to the Central Park Commissioners. In the debate which ensued on the motion the Commissioners were charged with using their power to appoint laborers to subserve party purposes at the recent municipal election. It was also charged that the laborers received but from three to five shillings compensation per day, a rate of wages far below the average, and the Committee on Lands and Places were directed to investigate and report upon the facts with reference to this niggardly proceeding. The removal of the Crystal Palace was made the special order for Friday next. The Board adjourned till Wednesday. The Board of Council- men transacted a great amount of routine business. The resolution appropriating $2,000 to Stephen H. Branch for services rendered, was adopted by a two-third vote. It is to be hoped that the Comp- troller will pay over this amount without delay. The Comptroller sent in his annual report of the tax levy for 1858, from which it appears that the estimates amount to seven millions seven hundred end nine thousand dollars. The following is a com- parison of the expenses of the city government for 1857 and 1858:— 088,546 1858, {709,282 Increase... The sales of cotton yesterday em! The market was not materially affected by the Baltic’s news; and though depressed, there was no quotable | change in prices. Flour, under the influence of the news | and the fact that the canals certainly close on Thursday, advanced Ge. per barrel, with a fair amout of sales. Wheat was inactive; holders demanded prices above the views of buyers, and transactions were limited at prices given in avother place. Old corn was scarce, with small sales of Southern yellow at 85c.; for old mixed 84c. was bid and 85. asked; new Southern white sold at 69c., and new yellow and mixed Southern and Jersey at 65c. a 70c. | Rye sold at 76c. for Northern. Pork was dull and tended to lower prices. For sales quotations, &., we refer to another column. Sugars sold to the extent of about 300 bhds. and 750 boxes at prices given elsewere. The coumtry newspapers in several parishes of Louisiana give very unfavorable accounts of the prospects of the crop in that State. The late cold weather, it is said, sent the thermometer down to 26 degrees, which, from its suddenness, inflicted much injury on the cane. This was followed by warm weather, which caused the cut capes in many places to ferment. The Baton Rouge Gazette estimates the damage to the crop at 25 per cent,and a paper published in the parish of Assumption thinks the crop will be diminished to a much larger extent, ‘These accounts may be exaggerated, yet there is every reason to apprehend that considerable in. Jury bas been inflicted om the crop in different parts of the State. Sales of coffee were confined to 1,000 bags of Rio at 9'¢. a 10%c., and 200 mate of Java at 16c.,4 months Freights were dull; the chief engagements consisted of 87,000 bags of grain, in bulk and bags, at 4d. a 5d., and 7,0) do. wheat, by the steamer Kangaroo, in steamer’s bags, at Sd. Signs of the Times—Beginning of the Great Democratic Bolt for 1560, No local election since that of Pennsylvania of October last has attracted a more general interest, or has had a more significant meaning than the recent municipal contest in this city. We perceive that most of the opposition jour- nals, far and near, consider the result an omi- nous democratic defeat, and that many of the most sensible democratic papers, North and South, regard itin the same light. We, too, consider this the trae view of the case, and that he who is consoling himself with the idea that the deteat of Mayor Wood was the result of a purely personal issue between him and Mr. Tie- mann is very wide of the mark. The Tiemann movement was a combination of all the odds and ends of the opposition, and two or three thousand fishy and disaffected democrats, to defeat the democratic candidate; and the result is the defeat of the democratic party. Nothing more, but nothing les, The success of this combination movement, also, on the part of the opposition forces, with a de- mocratic deserter as their standard bearer, clearly points out their road to certain suc- cess in the Presidential campaign of 1860. And what is there to prevent the consum- mation of such an alliance throughout the entire North? We can discover no serious obstacle from the signs around the poli- tical horizon, but everything to encourage the movement. The figst hasty experiment in the very citadel of the Northern democracy has been snecessful; and why, then, should the par- ties concerned hesitate to apply the same plan of operations against all the Northern outworks of the dismantled democracy? To those democratic philosophers who are lay- ing “the flattering unction to their souls” that this defeat of Mayor Wood amounts to nothing, we would apply a question or two. Are they eure that the party defections arising out of the Kansas imbroglio have had nothing to do with the election of Mr. Tiemann’ Is not the coin- cidence between the position of the New York Hotel clique on the Mayoralty question, and its attitude with Governor Walker on the Kansas question, something more than accidental’ Does it not appear to be possible that, taking these two things together, the defeat of Mayor Wood may be considered by the official wire- | workers of Robert J. Walker as an important . EO, Ee victory achieved upon the very threshold of his Kansas rupture with the administration? But, leaving these questions to be answered by the parties concerned, we hold that the defeat of Mayor Wood was an ominous defeat of the democratic party, and that, coupled with the present Northern democratic defections on the Kansas issue, we have before us the pro- gramme and the materials by which the demo- cracy, as a national organization, will most pro- bably be wiped out of existence in 1860, Gov. Walker is substantially sustained in his posi- tion by Senator Douglas, and is actively and vehemently supported by a very considerable number of our democratic journals of the North and Northwest. What follows? We suspect that, although Mr. Buchanan will come off un- scathed, the solution of this Kansas question, settle it as you may, will involve the dissolu- tion of the democracy, North and South. Make Kansasa slave State, by any process whatsoever, and the Northern democracy are an- nihilated; make Kansas a free State, upon the fairest possible terms, and the Southern fire- eating wing of the democracy fly off at a tan- gent into open rebellion. In either event the South willl be borne down in 1860 by the supe- rior pressure of the North, and a Northera ad- ministration will succeed to power. In this connection there may be something in the results of the last year’s State elections wor- thy of observation, as compared with the re- sults of November, 1856, From a comparative table, which we have made up with some care, we find that the fol- lowing are the deficiencies in the popular vote of 1857, as compared with the results of the Presidential election of '56:— Free States. ition. 1856— Presidential... 429,583 1857—State elections 1,012,651 Deficiency. 416,932 Slave Sti Opposition. 3856—Presidenti 368,840 1857—State elections 310,314 Deficioney.....- 58,520 These comparative results, North and South, are very suggestive. Passing over these South- ern deficiencies as only a natura) loss on both sides, we see that in the Northern States there is a falling off in the opposition vote of nearly one-third, or about thirty per cent, while the Northern aggregate losses to the democracy are less than ten per cent. Allowing a margin of ten per cent for general apathy, this addi- tional twenty per cent Northern loss to the op- position may be charged to the transition state of our Northern Know Nothings, and the subsi- dence till within the last week or two of the Kansas agitation. But the important fact in connection with this opposition loss is this—it is not a democratic gain, but a balance of power lying in the rear of the democratic party—a force of opposition reserves, awaiting the issue of events. For instance, the democrats carried this State inour late November election by a plurality of over 18,000. But their vote in this election was only some 300 less than that of Mr. Buchanan's, while the deficiency in the opposi- tion vote was over 160,000. This deficiency, and all these Northern oppo- sition deficienaies, are made up of these re- serves, which can only be called out by the ex- citing issues of a Presidential election, or an ex- citing party test question upon local affairs. Our late municipal election was a test of this kind, and the result informs us that a serious defection has lately crept into the Northern democratic camp, and that in appropriating it to their advantage the opposition haye hit upon a practical plan for the complete extinguish- ment of the democratic party in 1860. The mutiny on Kansas among the Northern de- mocracy affords the same golden opportunity to the opposition for a general combination upon national affairs as did the defections in Tammany Hall for a holy alliance upon a fishy democrat against Mayor Wood. Let us watch the working of this Kansas coup d'état of Gov. Walker. We entertain no fears concerning the administration. Mr. Bu- chanan’s policy is the law as he finds it—he cannot go behind the record. He must take the developements of “ popular sovereignty” as he finds them; and whatever may be the issue, the responsibilities in reference to Kansas belong to Congress, and the consequences to the democratic party. That these consequences will be disastrous, we can scarcely entertain a doubt, so long as we believe that in this Walker coup d’itat and its affiliations, and in the result of our late city election, we recognise the be- ginning of that general bolt from the Northern democratic party, and that general fusion of the bolters with the combined opposition forces, which cannot fail to sweep everything before them in 1860. Tuk Prixting or Conoress—A Govern- ment Orrice.—One of our morning cotempora- ries objects to our plan of the establishment of & government office for the government print- ing, and on the ground that such an office would be but an infirmary for decayed party hacks in the printing business. But would not this objection apply as well to every executive department, and to all the clerkships and every writing bureau of the government at Washing- ton as to the employés of a government printing office? We think it would. What is the differ- ence, so far as party hacks may be concerned, between a bureau, or several bureaus, employ- ed to do the writing of the government, and a bureau to do its printing. But our aforesaid cotemporary thinks that the contract system for the printing isthe thing. That system, how- ever, has been tried. Call Mr. Wendell to the stand. Ask him what he contracted todo this printing for some years ago, and how much money he subsequently asked for to meet his deficiencies. Next ask of any member of Con- gress competent to give an answer, what sort of printing it was, the quality of the paper and ink used by MJ Wendell, and you will be somewhat enlightened on the subject of printing by contract. The contractor will put his bid at a very low figure to secure the work, and then, if the cheapest materials do not save him from lose, he willapply for a bill of relief, and he will have the lobby to push it through. A government office is the only safe plan for good work at a reasonable cost, and we think that the time for a bold move in this direction is near at hand. A net profit from this sop of the public plunder of # cool hundred thousand a year is too much, in these hard times, for any one party editor or party firm, with so many poor, starving democratic editorial President makers and makers of Congressmen all over the country. But the dificnity of dividing these spoils satiefactorily is almost as great as the task of dispensing themin the lamp. In this state of things, when the sqnabble for these rich #poils ehall come to white heat, we hope that some sensible man will be found in Gon- ress to nee @ bill for a government office. hat’s all. ‘The Financial News from Europe. The golden coloring given to the financial news from Europe by the London Times does not, it is to be feared, do wholly justice to the subject. It is not easy to believe that the Bank of France was “gaining specie without artificial purchases in England or elsewhere;” nor can the story that “there was an improved feeling in mercantile circles” be reconciled with the alarming increase of failures; nor even can we feel much confidence in the rumored decline of application for discount at the bank when we find that it has actually expanded thirty-seven millions of dollars in a fortnight. ‘The fact is, the English financiers are in 60 new and unusual a position that we must not expect them to reason quite soundly upon it as yet. The spectacle of the London commercial and financial world being thrown from its belance by events transpiring in the United States is utterly unprecedented. In 1825 they had a crisis in England caused by the violent efforts of the bank and all financial institutions to resume. In 1837 they hardly felt our troubles; the bank just crushel out the leading Anglo-Americans, permitted a few to survive, and went on its way without injury, or even risk. In 1847 they had a temporary crisis or panic in London, which sprung from native causes, This is the first in- stance in which disasters taking place in the United States have reacted so effectively on commerce and finance in Europe as to cause a real panic there, and the English do not seem to understand it. One instance of their bewilder- ment is given in the conduct of the leading mem- ber of the house of Overend, Gurney & Co., who, after going to the bank and obtaining, as a matter of life and death, accommodation to the amount of £700,000, instantly drove to Lord Palmerston’s and insisted on the suspension of the bank charter, as otherwise he and all the merchants of London must break. The London Times is as thoroughly befogged as the rest. It remains to be seen how the bank and its new debtors will fare durjng the winter. The bank has certainly undertaken to sustain prices; that is the English of the operations which it is now making. The houses which are at present embarrassed in England are houses which are loaded with produce, merchan- dise and securities at inflated prices; when the bank undertakes to save them, it assumes the loss on the property they hold. From present appearances this promises to be large. On the Continent, new Neckers and Laws seem full of patent schemes by which failing is ren- dered impossible, the laws of trade reversed, and insolvent merchants raised to affluence—all by a magical touch of a pen. Nothing to do, in France and Germany, but to organise a new corporation with a fine title, a big capital and a grand prospectus, to relieve commerce from its embarrassments and make money cheap as dirt. As for the Bank of France, we are told that institution never was so comfortable in its life. Money is flowing in on all sides; the French, whose solidity of character and unva- riable coolness are known, are hastening to come to the support of their great moneyed in- stitutions, and foreswearing their old practice of hoarding. Those who choose always tosee the future in rose color tints may take comfort from this pic- ture; for our part we see no commercial coun- try besides our own whose present condition and future prospects are not at the present mo- ment a proper subject for gsave apprehension. Harp Times anv Cuarrry Baiis.—We notice that the Honorable Booby Brooks and others 0 his shabby genteel set in the Yellow Plush sec- tion of the Fifth avenue are making arrange- ments for a ball at the Academy of Music, the profits of which, if any there be, to go to the “poor”—a rather discursive term for a class of the community that may be found all the way from the Fifth avenue to the Five Points. The prime movers in this affair are, like Brooks, hangers on to what is called fashionable society, and they hope by these entertainments to get admission into houses now closed to them. The‘ puffs preliminary have already appeared in the Booby organ, and there is to be no end of gene- rals, majors, colonels, corporals, governors, and humbugs of all sorts, among the invited guests. Now, we could have no objection to a glori- fication by the set of people who have gotten up this demonstration, provided said glorifica- tion would result in any practical benefit for the really poor people of the city. But the con- trary is the case. We will suppose, for the sake -of argument, that the affair is entirely success “ful; that four thousand persons are in attend- ance at the ball, and that the net profit amounts to two or three thousand dollars for the purposes for which it is given. At least one-half of these persons will be women who are either in society or who hope to get there. These women never have anything to wear. They have each twenty or thirty dresses on hand, but for any grand occasion they have, according to their account, really nothing to put on. Each must have a new dress, fresh gloves, flowers for the head dress, laces, and all sorts of other flipperies. Let us see what it will amount to:— s, Two thousand new dresses, $40 each Gloves, flowers, laces, os Fquipments for 2,000 gentiemen, at $10 enc ‘ Expenses of the Dall, orchestra, rent, lights, print- ing, &¢., say Total The above is a low estimate for a full dress ball; very few ladies will spend less than one hundred dollars. The ladies go to the ball only to show off their new clothes. Ifany one doubts it let him invite a lady to go to this very ball. She will reply that she would be very glad to go, but she really has nothing to wear. Gentlemen must pay for gloves, carriages, refreshments, dé, &., and if they get off for ten dollars each, they will be quite fortunate. Altogether, it is quite within bounds te say that this ball will involve the expenditure of one hundred and fifty thou- sand dollars. . Now, this course of proceeding amounts sim. ply to an encouragement and stimulation of the system of inflation and extravagance which Iwought about the financial revulsion from the effects of which we are now suffering. It is no part of our design to impute interested motives to the persons who get up these entertainments: but there are many good reasons for believing that the ball is projected rather for the benefit of the poor in the Fifth avenue than for the poor of Tompkins square, If auch is not the case, why do not the managers of the affair at the Academy adopt the simple plan which we see has been taken up by some of our wealthiest citizens, and give ealico balls, where the plainest dresses are worn; where the refreshments include only bread and butter and pure Croton, and where the music for dancing is furnished by amateur pianists? Or, 880,000 20 yuo 20,000 000 000 @ etill better plaa would be for each subscriber to the ball to give, in lieu of the price of a ticket, five dollars for the relief of the. poor, which subscription would net twenty thousand dollars, without any extravagant expenditure for new dresses, or flowers, or fripperies of any kind. So far, we have treated this matter in a purely statistical light, and have shown it in that light to be a humbug of the purest and most transpa- rent kind. The fact of the matter is that the Honorable Booby Brooks, and others of the same set, get up this ball simply to glorify themsélves, and that they are really the poor people who are to be relieved by it. Poor enough, they are, too. Tne Season at Wasniwweron—Socia In- PROVEMENTS.—From all indications the coming season at Washington will be unusually bril- liant. The members of the Congress now in seasion have been generally selected from a class of the community who are accustomed to and who enjoy social relaxation of all kinds- The Cabinet advisers of the President are like- wise men of position, wealth and standing, and no efforts will be wanting on their part to make the national capital as gay as the recognized metropolis of the Union. In this city it does not appear that there will be many social gatherings. Almost every one feels the effects of the financial revulsion, and sees the necessity of retrenching expenses and awaiting the advent of better times. But at Washington this exigency is not so apparent. A new Congress is in’ session. The administration majority will endeavor to maintain its position: in and out of the House, by the use of every means within its power, while the opposition, busy in constructing a new platform for the Presidential election of 1860, will spare no pains to make friends. The diplomatic corps— and more particularly the representative of Great Britain—will be sure to sustain its part in the general festivity. In fact the revelries have already commenced. The British Minister lately inaugurated a series of sviréer musicale, with the best artists in the country, The mem- bers of Congress who have fashionable wives or beautiful daughters, have taken fine houses for the season, and will give balls, dinners, soirées, and other entertainments to their friends. Congress itself finds a splendid addition to the Capitol, designed after the plans of the new houses of Parliament. In fact, there is quite a political and social revival. As we observed upon a late visit to the capi- tal, there isa general brushing up all round. The hotel keepershave invested something in renovating, agpraishing their houses, carry- ing on a oft against cobwebs and a con- spiracy to dethrone the cockroaches. The Na- tional Hotel, which had a bad reputation last year, has been leased by some New Englanders, who have introduced a new feature in the manage- ment of the house, in the shape of brooms, which, like all novelties of the kind, sweep clean for the present. The other hotel keepers intend to make a reduction of from twenty-five to fifty per cent in their scale of charges, and to increase their accommodations for the public. The mild admonitions which we have addressed to them from time to time have not been without effect, and there is really no reason why the hotels in Washington should not be quite equal to any in the country. The market is good and cheap, rents are not high, and the patronage is extensive and liberal. We have no doubt that the public will be better ac- commodated at the hotels in Washington during this season than ever before. There is to be also in Washington this season a new and ele- gant theatre, and generally the places of public resort are to be renovated. Several financiers intend to give, for the delectation of members of Congress and the lobby, very elegant soirées with petite soupers. There is a certain prejudice against the gentlemen of the green cloth in some circles, but at Washington they form @ very important class of the community, and it is cheering to know that these financiers are duly appreciated in the District. After the close of the Opera season here, Wash- ington society will receive several important acquisitions from this city, and the young ladies in Fifth avenue and other fashionable districts are preparing to astonish the sages of the capi- tal with grand display of dry goods. So, mixed up with the grave questions which will come before our legislators, we may expect some grand exhibitions of fashion, folly, frippery, flirtation and flummery of all sorts. Vive la bagatelle! Ap To THE Bank or Exo.anp.—Why should not our banks, which are actually suffering from a plethora of specie, and cannot find employ- ment for the bullion which has accumulated in their vaults, do something to relieve themselves and aid the Bank of England at the present crisis? The Bank of England is unquestionably in an unpleasant position. It has, with the sanction of the government, overissued notes to the amount of several millions sterling; one may imagine the amount of the drain upon it from the single fact that two houses alone took from it at one time the enormous sum of £1,700,000 or $8,500,000, Into this strait it has been thrust mainly by her resolution—imposed upon it no doubt-—to save the Anglo-American houses in London. The crisis first spread from here ; here the disease took root; and it is houses whose origin lies here which have placed the Dank in its present false position. Ought not the remedy to come from hence? Our banks could well afford to ship ten mil- lions of specie to the Bank of England to relieve the present drain. They can spare the money well; indeed, a certificate of deposit from the bank would answer them quite as well as specie. They could draw against it, as circumstances re- quired; and they might very possibly be the means of saving the Bank of England. The subject is deserving the careful conside- ration not only of our bankers, but of every man who sete store upon the repute and fame of New York, and of all who appreciate how ter- rible # disaster to commerce the failure or even the continued embarrassment of the Bank of England would be, Comine To THEIR Sensks.-We notice that one of the stockjobbing organs, whose principal proprictor had the misfortune to fail on his stock contracts and go by the board during the late revulsion, has at length awakened to a so” ber #tudy of the causes of the crisis of this year, and has come to the conclusion that they were What the Henan stated them to be. Not many months since this same journal used to repeat day after day that there was nothing in the re- vulsion; that it was only a Wall street trouble got up by the Herat and the beara; and that the boat thing people could do was to keep on buying Erie, and Michigan Southern, and La Crosse, and all the other rotten railway stocks, atany price. A sincere and honest belief in this theory proved expensive to the chief pro- prietor of that paper; however, good experience is cheap at any price, and we hope that for the future he will be wiser. We are encouraged to persevere in this hope by the evidence of contri- tion and conversion contained in the article te which we allude. THE LATEST NEWS. Reported Landing of General Walker in Niea- ragua. Wasuixarox, Dec. 6, 1867. The Mobiie Register learns that there was a rumor im New Orleans, by steamer Danicl Webster, that tho steamer Fashion had landed in Nicaragua, and was on her wag home. New Onzxans, Dec. 7, 1857. ‘There is a considerable anxiety manifested here at the non-arrival of the steamer Fashion. A portion of the ‘Texas regiment arrived here yesterday, and immediately proceeded to Mobile. Navigation of the Erie Canal, Aupany, Dec. 7, 1867. ‘The weather hore is warm and fine. A despatch from Rochester says that twenty-two boats from Tonawanda Creok are now coming in. The canal is nearly free of ice. Oswrao, Dec. 7, 1857. ‘The westhor is very mild and clear here. Navigation is entirely uninterrupted on both the canal and lake. United States Supreme Court, Wasurneton, Dec 7, 1857. ‘The Snpreme Court of the United States commenced ite sessions to-day. Thefull bench was in attendance, with the exception of Justice Curtis, resigned. Nos. 28, 29, 38, 101, 105, 131, 143, the United States vs. several parties in California, appeals from the United States District Court of that State were dismissed. ‘The docket will be called to-morrow. Effects of the Baltio’s News in New Orleans. New Oriana, Dec. 7, 1957. The Baltic’s news was published here to-day in tho regular evening editions of the Associated Press. The sales of cotton add up 4,000 bales, at prices favoring buy. ers. The sales were mostly made before the receipt of the foreign advices. Sugar declined *¢c.; sales at 43fc. a 53¢c. Molasses declined 1c.; sales at 19c.a224c, Lard in kegs, 123c. Other articles generally unchanged. Large Arrival of Grain at Oswego. Oxweeo, Dec. 7, 1867. Twelve of the grain laden vessels which were detained by ice in the Welland Caual arrived here to-day, with 101,200 bushels wheat and 16,000 bushels corn. ‘The Middlesex Mills and the Failure of Law- rence, Stone & Co, Boston, Dec. 7, 1867. A preliminary investigation was held to-day into the af- fairs of the Middlesex milis, as connected with the failure of Lawrence, Stone & Co, George H. Kuhn, the recently appointed treasurer, made @ financial statement, which, by vote of the stockholders, was laid on the table. After much discussion, aresolution was adopted appointing a committee of five, with full powers to investigate the af. fairs of the company, and determine whether the work of the mills shall be continued, and to report at a meeting of the stockholders within thirty days. B. F. Butler and James C. Ayer, of Lowell, George W. Lyman, Richard 8. Fay, Jr., and Wm. Sohier, of Boston, were appointed the committee. The stock of the Middlesex milis was quoted to-day at 95. Meeting of the Virginia Legislature. Ricuowp, Va., Dec. 7, 1857. The Legislature organized to-day. Most of the old officers were re-elected. The Governor sent in four mes- sages, unprecedentedly long, largely devoted to banksand banking. , Municipal Elections in Massachusetts: Naw Bxprorp, Mass. , Dec. 7, 1867.“ Our municipal election to-day has resulted in the re- election of G. H. Dunbar (republican) for Mayor, by ten plurality, over A. H. Howland, the citizens’ candidate. ‘The whole Board of Aldermen and a majority of the Council were elected on the citizens’ ticket. Lawrence, Mass., Dec. 7, 1867. John R. Rollins (republican) was chosen Mayor today, with a republican Board of Aldermen. Srrivormp, Mass., Doo. 7, 1857. The democrats have elected their candidates for Mayor and City Clerk to day, with five of the eight Aldermea, and nine of the eighteen Councilmen. The vote for Mayor was—Pholps (democrat, and present incumbent), 1,000; Bliss (republican), 872. Large Cotton Shipment. Wasutxaton, Dec. 6, 1857. ‘The ship Anpa Sise cleared on the 13th from Mobile for Havro, with a cargo of 3,400 betes of cotton, valued at up- wards of $204,000. News from the South. Wasmxaton, Dec. 7, 1867. By the arrival of the mail, we have dates from all points 48 late as due. The Charleston papers announce that the steamer Wela- ka, of Savannah, was totally wrecked on St. Nicholas Bar, Sd inst. The crow, passengers and a part of her cargo were saved. The ship Mary ©, Porter (before reported), had been brought to the wharf at Charleston, aud an effort will bo made to get the water out of her. Suicide of a Murderer. St. Jonx, N. B., Dec. 7, 1857. Breen, one of the murderers of the Mackenzie family, bung bimgelf in his cell in the jail here, last evening. ‘The Steamer Bowman, Lone Brancn, Dec. 7, 1857. ‘The steamer Rowman, before reported ashore at Deal, is now bilged and full of water. Her hatches are off, and her cargo of wheat all damaged. Men aro now at work taking out the cargo. Fire in Philadelphia. Punapeurma, Dec. 7, 1867. The warehouses of Davis & Stecl, forwarders; Living- ston & Co., forwarders; Borbidges & Sons, stable keep. ern, Jeffres & Sons, conch spring factory, and two dwell- ings on Market, above Eighth stroet, wero destroyed by fire this morning. Several other buildings were damaged. Fire at Clyde, N.Y. Cure, Deo. 7, 1867. The large distillery, owned by Briggs, Coin & Co., was entirely destroyed by fire this morning. Loss from $20,000 to $25,000. Fire at Brattleboro’. Brarrixnono’, Deo, 7, 1857. A large barn, attached to the State Lunatic Asylum, was fired by an incendiary on Saturday night, and burned, together with 29 head of cattle and 100 tons of hay. PHILADELI" Puntapeutta, Doo. 7, 1867 Lal y . 7, . aes Morris Canal 4 1 ‘had ‘fiatiroeds ao ; ; OM; ayivania Railroad, 38 s,. pte New Onixans, Deo. 6, 1867. Cotton generally unchanged; sales to-day 8, bales. Sugar firm at 4Xc. . Flour, a ‘heat, $110. Tard dail ab 126,” Rio cols eats to-day” 2.208 bags, at Gc, Other articles generally unc! . weromcaao, Deo. 18 P. M. Flour dull; wheat at 580, ; active; oats dull. Receipts to-day, 1.40, bbls. flour, 3,800 bushols wheat, Daw RAO, » 1857. Flour is um |. Wheat is in fair demand: Sales, to-day, 8,000 Is Chicago at 800, | Nothing doing in corn, Caunl exports b —_—_—— ‘Tr Ormna.—‘Robert le Diablo’ was given last night (fourth time) toa full house, It will be repeated on Wed nosday for tho last time, positively. Everybody should hear it, ‘Mieciinti ‘Wautack’s Trmatrs.—This house was closed last oven. ing, in order to give an opportunity for a fall night rehear- sal of the new drama, “The Poor of New York,” which will be brought out to-night. ‘On the 6th of December, as we have already recorded, there were shipped by the mail steamer one hundred and seventy recruits for the United States army in California, under the command of First Lieutenant Drysdaio, Third artillery, and Second Lientenant L. Kip, of the ment. Phere are also four hundred mon who ire tela recruited here, en route to fill up the regiments in Texas. ‘This detachment is onder the command of Captain J. 8. Walker, Second Licutenants R. H. Uifley, Firat lafuanee and W. H. F. Lee, Sixth infantry, Assistant Surgeon 8. ¥" Abbott ie the medical officer. ‘The above namet offlcorg, ere mtenant Offley, will be relieved at New Orleans * W.E. Prince, First infantry, BB. Hi. Hill, First ‘fand First Lieutenant W. Hi. Jonefer, Second ca-