The New York Herald Newspaper, December 10, 1857, Page 4

4 Seer, JaMES GORDON B EDITOR AND PROPRIETOR, OFriON N. W. CORNER wassav fa6aU AND FULTON 6T8. LERMS, cash m advo WHE DAILY Tr uERALD, ee come OT per THE WEEELY BERAED, ney nae yay per the edition. annum eee Great Briton, or $6 to any part of the fie Ceanont tosh r Fe MILT HERALD, very Wednesday, at four cent per voi vara OMPLRT Oi HT CORRESPONDENCR, staining quarter of the ie for. Wegrove fFoanen Gonneabsanenen ARE es ured Baquasren ro Smal 41. any Packsgns ND NOTICE taken 0 anonymous correspondence, We denot return (howe JOB P rG executed with meatness, chea pnessand dee ADVERTISEMENTS renewed every i: in- sored te the WERELY HERALD, Fisur ‘and in the Gokfornes and Kurapean Editions. Volume XXII............. seeeeeerae seers s NOs B42 AMUSEMENTS THIS EVENING. NIBLO’S GARDEN. Broadway—Farx Coamretas—Fions xp ZErHTR—MEDINA. BOWFRY THEATRE, Bowery—Fquestaiaw axp Gru Bastic Fgars—Jocko, on tae BeaztuiaN Ars. BURTON'S THEATRE, Broadway, oppostte Bond street— ‘Tux Seniovs Famuy—Caiunouine. Pa .- ameeaad THEATRE, Broadway—Tuz Poor tx New Oak. LAUBA KEENF’S THEATRE, Broadway—Tus Sas oF Tou, on A Mornen’s Praver OLYMPIC, 585 Broadway—Goupan F aRMER—TiMIp LOVER NATURE AND Paicosoray. BARNUM'S AMERICAN MUSEUM. Broadway—After- ooe ; Tae Troru's 4 Lig—Catcuna ait Haiitss. "Evening ‘Cuoss or Goup—Lavca anv Grow Fart, WOOD'S BUILDINGS, 661 and 563 Broadway.—Georas @aaustr & Woop's Minsraris—Harry Man. roadway—BRYant’s MINSTRELS <@ ACROBATS, MECHANICS’ HAL —Etaiorian Songs—( NATIONAL CIRCUS, 8 Bowery—Afternoon and Even- tng, KavesTuian Faats—Grunastic Exxnoisns, &c. “New York, Thursday, December 10, 1857... The News. Our despatches from Washington contain im- portant intelligence. The President has perempto- rily dismissed Robert J. Walker and Frederick P. Stanton from the Governorship and Secretaryship of Kansas. Col. Richardson, of Hlinois, who piloted the Kansas Nebraska bill through the last House of Representatives, is appointed to succeed Governor Walker, and Gen. Denver, Commissioner of Indian Affairs, will supersede Mr. Stanton. Gen. Denver is now in Kansas, and will enter upon the duties of his new office as soon as the special messen- ger despatched from Washington reaches the Ter- ritory. Col. Richardson will to-day signify his ac- ceptance or declination of the post of Governor. The cause of the dismissal of Mr. Stanton is the fact of his having issued a proclamation calling a special seasion of the Lecompton Legislature to meet on the 7th inst. The causes which have led to the displace- ment of Gov. Walker need not be recapitulated in this place. They are tolerably well known to onr readers. The Senate yesterday was the focus of a brilliant assemblage of foreign ministers and spectators of every degree to witness the debate on the Kansas question. Senator Douglas led off with his accus- tomed spirit in opposition to the Kansas Lecompton constitution. Senator Bigler replied in vindication of the President. We refer our readers to the re- port of the proceedings. The House was again occupied with the printing question. The resolution directing an examination | into the merits of this important item of the public | plunder was defeated, and the House proceeded to an election. Mr. James B. Steedman, of “hio, re- | ceived 121 votes, ag%nst 89 cast for George M. ‘Weston, the republican nominee, and was declared elected. The Treasury Department suspended payment | yesterday. Unpaid bills to the amount of half a million dollars were held over. This will doubtless lead to the immediate passage of an act authorizin,; an issue of Treasury notes, in accordance with the suggestion of Secretary Cobb. The name of the successor of Mr. McKeon in the District Attorneyship of New York hus not yet transpired, but it will probably be sent to the Senate today. It is believed that Mr. Butterworth, Super- intendent of the Assay Office, stands in a very pre- carious position. His head will perhaps be the next one in the basket. Nathan Clifford, of Maine, formerly United States Attorney General, has been nominated to the seat on the bench of the Supreme Court made vacant by the resignation of Justice Curtis of Massachusetts. The stockholders of the New York Central Rail- road met at Albany yesterday and elected a new Boar@ of Directors. A series of resolutions was presented by the committee appointed at the meet- ing recently held in this city, which created an acri- @onious discussion. We give a full report elsewhere. The steamers Ocean Wave and Long Branch, when off Sandy Hook yesterday, on their way to and from Sbrewsbury, during the dense fog which prevailed, came into collision with a terrible crash. Both boats were seriously injured, but by good management they were enabled to continue their voyage. In the proceedings of the Board of Aldermen last evening the increase of salary to Harry Howard, Chief Engineer of the Fire Department, to $5,000 per annum, was the most important feature of the meeting. Testimony of the efficiency of the Chief Wus accorded by several members; and after a brief debate, the increase was agreed to by a vote of 13 to 6. The report in favor of increasing the salaries of the City Inspector and Street Commissioner was laid aside. The subject of reorganizing the Finance Department was postponed till Monday next. The police reports this morning will be found unu- sually interesting. Among otper cases presented to our readers is that of the arrest of William Pagen, steward of the bark Pautucket, who, in connection with the first mate of that vessel, broke into the captain's state room on the 28th ult., and carried off #10,000 in Spanish doubloons. In the possession of the prisoner was found $4,400 of the stolen money. The accused confesses his guilt, bat says he was led into the crime by the fugitive mate. The capture of Pagen and the recovery of the plunder add much to the credit of the detectives who managed the case. The Committee on Lands and Places of the Board of Aldermen met yesterday to consider the subject of employing laloring men on the Central Park at three shillings per day. There was no person present but the committee, so they adjourned till 12 o'clock to-day, after deciding to summon Mere. Hogg, Olmstead, Viele, and Al dermen Drake and MeSpedon to be present at that time The Commissioners of Emigration met yesterday, but did rot transact any public business. The emi- gration for the year up tothe 9th inst. has been 178.511, an inerease of 38,930 as compared with the emigration of last year. The total emigration for the year will probably be 190,000. It #hould not be forgotten that if the emigration of this year is large the number of those who have returned is also large ‘This haa been owing mainly to the hard times. It iv doubtful, therefore, after afl, whether the arrival: wil! really be larger than they were last year, though the figures would make it appear so. The receipts of beef cattle during the past week amounted to 2,249 head, a decrease of 546 head as compared with the week previous, Notwithstanding the unfavorable weather, the light supply offered for 6e' caused ap advance in prices of fully half a cent 8 and, the range being Sc. a llc, Should the We ‘her prove favorable, the receipts during the cng week are expected to be large, and a-cor- t vding reduction in prices is not improbable. 1 was a moderate demand for cows and calves at usual prices—$25 a $65. The market for veal « exhibited no change. The demand for sheep er robe wae more active, but we notice no change in The receipts of swine have heen very = 4 aud pr NEW YORK HERALD, THURSDAY, DECEMBER 10, 1857. The finest qualities brought only 6e., and holders were not very firm at that rate. ‘The sales of cotton yesterday were confined to 100 a 200 bales, in small lows, chiefly to epinners, without quotable chango in prices, while holders were firm at the provious day's rates. Flour was heavy, though without change of moment in prices. The light demand was chiefly from the domestic trade, with small purchases for export. Wheat was sold toa fair extent, the transactions having reached about 30,000 bushels, at prices gtven elsewhere. Corn was in fair request, with moderate sales, including Western mixed at 80c. a 82c., with Jersey and Southern new, parta little damp, at 60c. a 67c. Rye sold at 76c. for Northern. Pork was without change, while sales were moderate, The sugar market improved about one-eighth of acent perlb, The sales embraced about 700 bhds., in- cluding 108 Porto Rico, and the remainder consisted of Cuba muscovado at prices given in another column. Coffee was in moderate request, while prices were without change of importance. The stock of Rio is qbout 109,000 bags, and including 8,245 mats of Java the packages of all kinds amount to about 135,000. Freights were dull and engagements very light. To Liverpool 11,000 bushels @rain were taken at 4d., and 800 bbis. flour at ls. 6d. ‘Phe Herald in the Revulsion—Still Going Ahead. The commercial revulsion which has just passed over the country, demolishing trade of all kinds, has been particularly disastrous to the printing and publishing business in all de- partments. Paper makers, printers, publishers and booksellers, all have fallen, commencing with the Harpers, and extending to some of the smallest houses in the trade. The sale of new books bas been nearly annihilated, and it will take a long time for the pub- lishing interest to recover from the blow. Even the daily journals have been af- fected toa great extent. Almost all our co- temporaries, daily and weekly, have lost more or less subseribers, business and money. Dur- ing this process the New Your Heratp has not only held its own, but absolutely has made a financial increase over the receipts of last year—over the most prosperous, too—as will be seen by the annexed statistics:— COMPARATIVE STATEMENT OF THE HERALD. Total Receipts. Advertising and Circulation. 1856—Three months, from Sept. 1 to Nov” 29...$143,484 25 1857—Three months, from Sept. 1 to Noy. 28, 146,523 50 Increase,, + $3,039 25 In ajeoniatiet Ard ae Henatp has made a comparative gain. During the past three months we have had an average daily circu- lation of eighty thousand copies, and on several days this immense issue has run up to ninety thousand COPTES IN ONE DAY. It will be noticed that although our receipts do not show a very great increase over the pros perous quarter of last year, yet that during the terrible financial crisis which has affected all other establishments around us, we have not only kept our business up to the mark, but have a margin of two per cent increase. Indeed it is quite true that no state of the times, no revulsion, no commercial hurricane ha» seemed even to affect the steady pro- gress of the Heratp. During the terrible revulsion of 1837 our circulation and receipts showed an equal increase, and all the changes, ups and downs, panics and hard times since that period have not affected our sure and gradual increase in circulation and aggregate receipts. Such is the great fact in the history of the New York Herarp and its progress; and yet, disagreeing with us on our course in political or general affairs, many of our mean spirited cotemporaries have constantly predicted the ruin, decay and extinc- tion of the Herarp. When we exposed the weak administration of poor Pierce, the Cheva- lier Forney and all the little organ grinders at his heels bellowed out that we were losing our circulation, when the fact was we were increas- ingit. When we supported Fremont as a con- servative candidate for the Presidency, the demo- cratic journals cried out that we were going down. During that contest our circulation in- creased over any former period in the history of this journal. Since that time, and in the face of the revulsion and the political excite- ment which have affected every one else more or less, we have—as we have shown—not only held our own, but can show a handsome in- crease. This is the reward of publishing a good newspaper upon sound national princi- ples, without regard to parties or cliques, or committees or politicians, or bulls or bears, or banks or railroads, or any other nefarious combinations or corporations of any kind what- ever. Our course has been founded upon the highest political principles of the Constitution and the most elevated doctrines of the Deca- We have made our progress safely and surely against all the elements of the opposi- tion combined against us, and we shall pro- ceed upon the same principles, confident of the same successful result. logue New View or THe Posrrion or tue Fu.t- susters.—Our advices from Washington tell us that General Walker and Senor Yrisarri, the newly received Minister from Nicaragua, un- derstood each other perfectly before the depar- ture of the filibusters; and that not only has Walker been invited back to Central America with the connivance of the President of Nicara- gua, but that he was informed of the tenor of the new treaty between the government at Washington and that of President Martinez This pute an entirely new aspect upon the whole filibustering movement. If Walker has been invited back to assist Nicaragua to reco- ver her rightful possessions and the forts on the San Juan river, and is to act in conjunction with the new government there in the war against Costa Rica, he will not be looked upon as an invader on the soil of Nicaragua, and may be bailed with joy. The money and men which it is well known he has raised in this country—some of which have gone and others are ready to follow—will prove a powerful aid to Nicaragua, not only in regaining possession of the forte on the river and of the province of Guanacaste, but aleo for carrying out the echeme of making herself the preponderating Power in Central America, and regenerating the whole country. It is well known that Walker raised in the South contributions in money amounting to es lave declined fully jv. per pouud. | somewhere between $900,000 and $500,000, part of which, we now learn, has been expended in this city in procuring the arms and ammunition which were quietly sent off on board a clipper some time ago. It is now stated that about one thousand men will rendezvous on the Colorado river, from where is not stated. May it not be that the steamer Scottish Chief and several schooners that were said to be fitting out from Key West asa Spanish expedition to Mexico, are destined for Walker? The Scottish Chief is a mall river beat that used to run on the Chesa- peake, and was purchased to run on the Coat- zacoalcos river in Mexico, but for some reason failed to reach there. Walker would need on the San Juan river, now that the Costa Ricans have possession of the river steamers. We shall probably have some news about this matter on Wednesday or Thursday next week, when the Aspinwall steamer arrives, and shall not be at all surprised to learn that Walker has joined his forces with those of President Marti- nez, and that the two are marching upon San Jose, the capital of Costa Rica. With half a million of dollars and the number of men Walker can easily obtain from this country, they will be able to carry out any scheme of conquest that Martinez, Walker, or any other leader in Nicaragua may originate, in the pre- sent exhausted condition of those countries. ‘The Grand Alliance Against the Administra, tlon—The Battle Opened in Congress. With the conclusion of the reading of the President's Message in the Senate on Tuesday last, the Kansas battle against the administra- tion was fairly opened. In the beginning of the late Russian war the Allied fleet hauled up in front of Odessa, and the steamships moving round, as in the circle of a waltz, fired each its broadside into the town, as it came within point blank range. Thus it was in the Senate on Tuesday—Mr. Douglas opening the ball, and Messrs. Stuart, Hale, Seward and Trumbull fol- lowing close in his wake. And as the interest and destiny of every State of Europe were in- volved in the gigantic struggle over the estates of the “sick man” of Turkey, so are the vital interests of every State of this Union, and of this continent, involved in this new and ominous Northern alliance against the adminis- tration. We have no recollection of a more formida- ble combination against any President during the last thirty years than this which has so sud- denly developed its huge proportions against the Kansas policy of Mr. Buchanan. To the tremendous forces of the Northern opposition camps, as disclosed by the last Presidential election on this Kansas issue, there are now added the democratic contingents which have gone over to the enemy, with Governor Walker and Senator Douglas. The balance of power commanded by these contingents may be conjectured from the simple statement that, from the Boston Post to the Kansas Lecompton Demo- crat, the democratic newspapers that have taken sides in opposition to the Lecompton constitution may be counted by tens and twenties. Promi- nent among them are Col. orney’s Philadel- phia Press, the Detroit Fre Press (long known as the ‘home organ of Gen. Cass), and the Chi- cago Times, the devoted home organ of Senator Douglas. These sudden accessions to the North- ern anti-administration camp, with all their ex- tensive ramifications, are full of mischief, disor- der and confusion. They foreshadow the swift destruction of the democratic party and a most terrible convulsion among all the elements of sectional discord, North and South. The revolutionary political movements of the last ten years have been full of the most won- derful surprises. The running of Old Hickory’s private secretary on the same ticket with Mr. Fillmore for the Presidency, the running of Fremont as the Northern candidate against the South, and of Mr. Buchanan as the Southern candidate against the North, are among these re- markabke things. So, too, is the election of ason of Henry Clay to Congress, as a democrat, from under the shadows of Ashland. But the last of these political surprises is the most wonderful of all; for who could have dreamed, in his wildest vagaries, that during their natural lives Robert J. Walker and John P. Hale, Stephen A. Douglas and W. H. Seward, could ever be brought together, side by side, to fight for the same abstractions, under the banner of “popu- lar sovereignty?” Yet soit ia And thus the all-healing compromise of Mr. Douglas—the Kansas-Nebraska bill—has pushed the demo- cratic party to the very brink of destruction, and is mustering all parties, cliques, sections and factions to the most fearful sectional strug- gle in the history of the Union. The public mind at this crisis is in the best possible mood for revolutionary excitements and agitation. The demoralizing influences of the late financial and commercial collapse have sapped the foundations of all political organi- zations; and the shattered rank and file of the democracy, with the remains of the dead whig party, and the dispersed Know Nothings and the missing squadrons of black republicani«n are all adrift upon the waves. At this critica! conjuncture of financial ruin and political de- moralization such a movement as this Kansas rebellion on the part of Walker and Douglas is quite sufficient to rekindle the flames of sec- tional strife into a consuming fire. It is, in fact, the deliberate opening of the last grand battle which is to determine the absolute supre- macy at Washington of the North or the South. We have seen, from the readiness of Hale and Seward to throw down the gauntlet, that they are on hand; and from the readiness with which the glove has been taken up by Jeff. Davis it is evident that he chuckles over this new and visi- ble opening for secession and a Southern con- federacy. The book is opened at a most imposing chap- ter of the slavery agitation. We are upon the threshhold of a newepoch. Years ago our most populous and popular Protestant churches were shivered to pieces upon those shoals and bars of slavery; those social reciprocities as be- tween the North and South, without which the Union isa mockery, were almost annihilated in the campaign of ‘56. A Northern Fremont man leet October would have been as safe in the sacred streets of Pekin as in the streets of Charleston, And now, with aM the demoralia- ing effects of thie financial revulsion upon as, unhinging all our business relations, North and South, and turning over banks, credit, trade and industry into chaos, this great Northern Kansas combination becomes, not a harmless passing cloud, but an impending hurricane, darkening the whole land with its heavy sha- dow. The evilisupon as, We can no longer avert it. The first scattering shots from the Northern allies in the Senate, and from the Southern fire- eaters in reply, indicate the near approach of a tremendous conflict, Whit the gad may by we She is just the craft. know not. We know that, Lecompton con-titu- \ a force which would overcome all opposition, tion or no Lecompton constitution, Kansas must | be a free State; but we apprehend thatin losing | it the Southern fire-eaters will take a po-ition which will bring the North upon them Neste and speedily reduce them to th® final gre tion of submission or secession. ‘The destiny of this Union, for good or evil, and of its twenty-five millions of people, are thus made dependent upon the issue of a contemptible border squab- ble over u handful of niggers in Kansas, We do not underrate this Kansas issue, nor exagge- rate the contingencies involved. Of the mis- chievous power of a few straggling and reckless sectional demagogues was there ever such an example as this under the sun? The Utah Expedition and Brigham Young. We observe that some little anxiety is ex- pressed in different quarters for the safety of the Utah expedition under the command of Col. Johnston. We apprehend, however, from a careful ex- amination of the subject, that no fears need be entertained for its safety, whether arising from the Mormons or the severity of the weather. When last heard from, in the beginning of Oc- ber, the main body of the expedition, number- ing over one thousand bayonets and two field batteries—one a six and the other a twelve pounder battery—were encamped on Ham’s Fork, 143 miles this side of Salt Lake City, under command of Col. Alexander; and it would appear from his report that he intended to select some place in that vicinity, and go into winter quarters. There are many points both on Bear and Green rivers—a few marches only from Ham’s Fork—where an abundance of fuel can be had, and where our troops can make themselves comparatively comfortable for the winter, and where, also, by throwing up slight field works and arranging judiciously their five hundred wagons and twelve pieces of artillery, they can defend themselves success- fully against the entire Mormon host, even if led on by the redoubtable Kimball, backed by his twenty-five sons and thirty wives. There is also an abundant supply of provisions with the expedition, notwithstanding the loss of the seventy-eight wagons which were burnt by the destroying angels under command of the saint- ly Bill Hickman, as the government had taken the precaution to throw forward an extra quan- tity of subsistence stores to meet all emergen- cies. In addition to the force above alluded to, Col. Johnston, on the 13th of October was in the vicinity of the South Pass, 95 miles in rear of Col. Alexander’s command, with some 100 infantry and 125 dragoons, and long ere this he has no doubt joined the army and assumed command of it. Besides these troops, there were at the same time six companies of the Second Dragoons, under Colonel Cooke, making forced marches to join Colonel John- ston; and we observe from the report of Indian Agent Forney, from Fort Laramie, that they passed that post on the 24th of October. When Col. Cooke joined the main body—which he doubtless succeeded in doing some time since, unless stopped by the snows in the vicinity of the South Pass and the Wind River Mountains —our Utah forces were swelled to over 1,600 efficient men. It is to be regretted, now that the Mormons have declared war and thrown down the gage of battle, that our troops did not arrive one month earlier in the season in front of the strongholds of the bellicose Saints; for we be- ieve that our gallant men could have forced the mountain passes, and either captured or destroyed Brigham Young, this Mahomet of the New World, and his fanatical followers. It must be remembered, however, that when this Utah expedition was organized no one believed the Mormons would offer any resistance; and it was not until the return of Captain Van Vliet from Utah that any opposition was anticipated, and even then the great majority of the people and the press remained incredulous; and it was only when the Captain’s judgment was backed up by Brigham’s proclamation, and the destruction of our provision trains, that the country was undeceived and the government found a Mor- mon war on its hands, Had the Mormons of- fered no resistance our troops would have had ample time to reach the Salt Lake Valley, and would now be basking in the smiles of the Mor- mon beauties, instead of breasting the fierce winds and cold storms of a Rocky Mountain winter. Ta considering this speck of rebellion and civib war, it might be interesting to speculate as to the result. That the govern- ment will grapple with it with all necessary energy, and in one short and decisive campaign quell it, is quite certain; but that in so doing we shall kill Mormonism, or rather purify it of polygamy—for that appears to be the great objectionable feature—admits of a great doubt. The sword has never yet convinced a man that bie religion was false; and we very much doubt if it will ever convince the Mormon that it is wrong for him to surround himself with a dozen wives, or that Brigham Young is not a true Prophet. We are inclined to believe that a good strong corps of parsons would do more to suppress Mormonism than half a dozen regi- ments of United States troops; and we would recommend, now that Kansas hae st» pped bleed- ing, that Mr. Kalloch, and the other three thou- sand New England parsons—their occupations being gone—be organized into regiments, and sent to Utah, in order to teach the Mormons the error of their ways. Should the church mili- tant fail, we can then use the strong arm of the government. We may not, however, have to fight the Mor- mons, after all; for already indications are abroad that the Saints are on the eve of another hegira. Orders have been issued to the faithful in England and Wales prohibiting further emi- gration to the United States, as the Almighty has pointed out another place for them to go to. All their missionary establishments in the United States have been broken up, all their settlements on this side of the mountains and in California have been abandoned, and from every point of the compass the Lord’s annointed are hurrying to place themselves beneath the ban- ner of his Prophet amidst the valleys of the mountains. All these signs indicate, in our opinion, as we have just stated, that the Mor- mons are about to take another flight. Having defied the authorities of the United States, Brig- ham is too keen an observer not to see the con- sequences. He is well aware that he must etand and fight it out or run the country. He is aleo well aware that he cannot contend with the United States government with any hope of success, for when Captain Van Vliet, as he states in his report, told Brigham and his friends that if they opposed the United States troops this fall, the goverument would send gext year their answer was:— We are aware that such will be the case, but when those troops arrive they will find Utah a desert--every house will be burned to the ground, every tree cut down, and every field laid waste. We have three years provision on hand, which we will “cache,” and then take to the mountains, and bid defiance to all the powers of the government.” That Brigham will carry out his threat of making a Moscow of Utah is quite pos- sible, but that he will shut himself up in the mountain canons with oven three years supply of provisions, and our troops occupying all the arable land, so that he must starve when his provisions are con- sumed, we do not believe. A man might very well take care of himself in the mountains; but if he had thirty wives and some thirty or forty small children to look after and provide for, as has the virtuous Heber C. Kimball, the undertaking would be much more difficult. We are therefore of the opinion that the Mormons intend to favor some other country with their presence, where they will not be annoyed by the stars and stripes—and there is no country more inviting or more convenient than Sonora. The Mormons have been quietly, but steadily pushing their settlements towards Mexico, and they already extend four hundred miles to the south of Salt Lake City—more than half way to the Mexican frontier—and should they decide upon moving in that direction they can be be- yond our boundary before we can reach them, as the country to the south of Salt Lake City can be traversed at all seasons of the year. We trust the Saints will decide upon such a move, and thereby relieve us of the disagree- able duty of exterminating them. In Sonora they would have the opportunity to develope the beauties of their religion, and if itcontafne within itself the seeds of its own destruction— as we all believe it does—it will crumble to pieces and disappear, and will be numbered with the numerous false religions that have sprung up and had their day, and are now only known in history. The Proposed Bankrupt Law. The new Bankrupt law for insolvent banks and railway corporations, which is proposed by the President and Secretary Cobb, is likely to meet with the universal approval of the Ameri- can people. For many years—indeed, ever since this country became one of the leading commercial nations of the world—the vast in- convenience of our banking system, diversified, irregular, and in many parts actually rotten, has been felt as a serious hindrance to legitimate trade. In some States, notwithstanding the les- sons of 1837, the banks are still on the wildcat principle, and the public who deal with them and take their notes or deposit their money in the bank coffers are at the mercy of the presi- dent, directors and cashier. Even in those more civilized and advanced commonwealths, such as New York, whose interests required, some years since, the enactment of a Banking law framed with the utmost care and forethought in the interest of the noteholder and the public, some flaw or quibble has enabled the banks to evade the just penalty of suspension. In this State the Judges of the Supreme Court assumed the responsibility of nullifying the law; in Pennsylvania, the business was done by the Legislature. Of courg we do not presume to insinuate that either our Judges or the Pennsyl- vania Legislature were influenced by any but the purest motives. But, whatever motives urged them to it, it is undeniable that they neu- tralized the salutary principles of our Bank acts, and stripped the public of the security they believed they had against a bank sus- pension. It is to prevent the recurrence of an event which, in any point of view, cannot but be re- garded as damaging to the credit of our banks, and injurions to the prestige of our legislation, that the administration advise Congress to re- sume control over the currency so far as to pass an act enabling a citizen to drive an insolvent or suspended bank into compulsory liquidation. Such a law would forever prevent bank suspen- sions; for, had such an act existed, our banks in this city, for instance, would never have ex- panded to the extent they did last summer, and would not have placed themselves in the strait which afterward rendered suspension inevitable. Under such an act banks would appreciate the risk they run by undue inflations; and they would be cautious accordingly. The case of the railroads stands upon a dif- ferent footing. The railroads are not deposito- ries of any one’s money. Their promises to pay are not a current medium of circulation. To this extent, then, the public requires less protec- tion against them than against the banks. But, on the other hand, the railways are large bor- rowers, large manufacturers of paper. They have always, even in the most prosperous times, great blocks of stock, bonds, and acceptances to sell. With one or two exceptions every rail- road in the country has a floating debt. Here, then, in the interest of the public and of the borrower, does the occasion for legisla- tive interference appear. Under the present law, a railroad may suspend on its floating debt, let its acceptances go to protest, and make an as- signment which may effectually cheat its credi- tors. Even without guing so far, it may fight its way through difficulties year by year, carry- ing a heavy floating debt and absorbing capital which ought to be usedin trade. The proposed law will remedy this. Under its action, when the insolvency of a road is clearly made known, 4 process will be devised by which a creditor or stockholder may may move it into bankruptcy, and a compulsory liquidation may follow. There is, however, another reason why rail- roads ought to be placed under a rigid sur- veillance of a peculiar character. In several States of the Union the largest corporation in the State isa railway company. In this State the New York Central Railroad Company is witheut a rival in respect of means, influence, patronage and power for corruption; in New Jersey, the railroad to* Philadelphia bas been for years the ruler and head of the State; in Illinois, the Iinois Central may be said to wield influence unparalleled. In a few years the power of these vast corporations will be vastly greater; they will grow with the growth of the country; their means and their ambition will necessarily be constantly on the increase, Against them the public will have no ade- quate protection—they may defy judges, courts and Legislatures—nonless this act be passed. If it become a law, the railways—if insolvent or fraudulent wl themselves be at the merey of their creditors and the public ; until it is, the prospect of a new power in the shape of railway companies—as a change from kings, aristocracies and hierarchies—will impend over the political horizon. Many will inquire why individuals were not doclyded in the projegt os well ag ggrtaia gorpe- rations; there are ample reasons for the omig- sion. But, without entering upon the discussion of the subject, one may express a wish that when the scheme is embodied in a bill and laid before the House, some member may add a clause taxing or abolishing the circulation of bank notes below the value of ten dollars. Such & measure is within the competency of Con- gress ; no one will deny that it would be a boon to the country, and especially to the poor. Uproar Among THE Or¥ICEHOLDEKS.—The announcement contained in our Washington despatch of yesterday to the effect that Mr. John McKeon, late United States District At- ney, had been removed from office, created a terrible trepidation in the Custom House, Post Office, Assay Office, Navy Agency, Surveyor’s Office, and other places where the spoilsmen generally congregate. The prompt action of the government at Washington has frightened the officeholders to a most extraordinary de- gree, and several of the opposition journals, in commenting upon the matter, pronounce the most melancholy diatribes, predicting the utter downfall of the administration of Mr. Buchanan. We incline to the opinion that he has taken the very best means of keeping it up. Mr. John McKeon hasheld the office of United States District Attorney for some time. It is an honorable, dignified and responsible posi- tion. Mr. John McKeon, however, while hold- ing this position went out of his way to inter- fere in a recent election; and in the Academy of Music, surrounded by the leaders of the oppo- sition, he pronounced a speech which was cha- racterized by sentiments and language that never should have fallen from the lips of any dignified gentleman, and which was in still worse taste in coming from an officer of the fe- deral government. We have no doubt that this speech, so gross and indecent in words and sen- timents, was the chief cause of Mr. McKeon’s re- moval, and for such cause the President is fully and entirely justified in every respect. For his tirade at the Academy McKeon fully deserwed removal, and he has received his deserts. But this is not all. We have reason to be- lieve that a thorough and searching investiga- tion is.now going on with regard to the per- sons holding positions in the Custom House, Post Office, Navy Agency, Assay Office, Sur- veyor’s Office, and perhaps some other depart- ments of the government. All the officehold- ers who contributed to the recent defeat of the democracy in this city will be removed, and their places supplied with firmer and truer men. We advise them to pack up, bag and baggage, and prepare for a journey in the wilderness with Chevalier Greeley, Captain General Webb, the “Little Villain,” Mademoiselle Biddy Bige- low, and the rest of the opposition forces. We care very little about these movements among the spoilers. So far as the distribution of office is concerned, we are merely lookers on in Vienna. We care no more for Mayor Wood than for Mayor Tiemann. We only desire to see fair play. But we do think that this purg- ing process of the administration is the only means by which the speedy dissolution of the party can be prevented. THE LATEST NEWS. Additional from the Utah E; SUFFERING OF THE TROOPS—BRIGHAM YOUNG'S PLAN YOR THE WINTER CAMPAIGN, Sr. Lovns, Dec. 8, 1867. A letter to the Republican from the Utah expedition, the main points of which were telegraphed this morning, stapes that Col. Cook’s command was 150 miles west of Fort Laramie on the 3d of November. Thus far the tra- velling had been pleasant and easy, bat now the weather ‘was growing colder, provisions getting scarce, provender giving out, and it is apparent that great hardships are be- fore them still. Notwithstanding the threats from Salt Lake City the entire army will proceed as rapidly as the elements and the supply of food will permit, to the winter quarters marked out by Colonel Johnston, on Honey Fork, Green river. It is rumored that Brigham Young's intention is to fight the troops this winter, as it will afford the best chance for an equal conflict, and then, before reinforcements cam be sent to the troops in the spring, destroy all the Mor- mon possessions in Utah and proceed to some other country. Interesting from Kansas. St. Loom, Deo. 8, 1867. The Democrat this evening received leters from Kansas containing two proclamations by Provisional Governor Calhoun, specifying the manner in which the election of the 21st inst., for submitting the constitution, and of the first Monday in January for the clection of State officers, will beheld; and also giving the names of the county com- missioners for each county. A democratic conyeution had been called for the 24th Inetant. The Democrat learns from private sources that Stanton has issued a proclamation calling a special session of the Legislature to meet on 7th December. Collision Between the Steamers Ocean Wave and Long Branch. Sanpy Hoox, Dec. 9, 1857. The steamers Ocean Wave «nd Long Branch came in collision this afternoon at Sandy Hook. The Wave was bound to New York, and the Long Branch to Ocean Port and Shrewsbury. The Wave put her freight on one side and saved the boat from going down. The Long Branch was the most damaged, and it was with great difflewlty - that she proceeded on her way. The concussion was so great that the passengers on both beats wore thrown off thoir feet and many badly bruised. Among the injured is Col. Wm. Jones, of the Highlands; feared to be dangerously so. A dense fog prevailed at the time of the disaster. The operator of the Sandy Hook telegraph station heard the fog bells ringing, and being hear the shore almost immediately afterwards heard the crash of the boats as they came together. The passen- gors throw no blame on the officers of the boats ‘The weather is still (8 P.M.) very foggy. Steam Boller ONE MAN KILLED AN! ‘tplosion. VRRAL INJURED. Lown, Deo. 0, 1857. A steam boiler in the foundry of J. H. Myrick exploded this morning, killing George S. Potter, the engineer, and badly injuring soven persons. The building was badly shattered. _—_——_—_— Supposed Loss of the Schooner Radiant. Oswnao, Deo. 9, 1867. The schooner Radiant, which left Toledo on the 19th ult. just before the terrific gale, with a cargo of wheat for this port, has not since been heard from, and ia sup posed to be lost, togethor with all on board. United States Supreme Court. Wasursarow, Deo. 9, 1867. No. 6—Adolphus Durand ys. Samuel Lawrence et al, Argument for the appellee continued. OS ‘The Cleveland and Toledo Raliroad. Curvetasp, Dec. 9, 1867. ‘The receipts of the Cleveland and Toledo Railroad for he first week of December were - 900, against $23,900 “Phe Southe ‘n Mall, Wasunatox, Deo. 9, 1857 ‘The ma as late as due from all points South is to hand, but brings po news of importance. Conviction for Mu Bactrim John Claggett, for the murder of J the High street Hotel, six weeks since, morning of murder in the second degree ‘The Memphis at Charieston. CHaRueon, Doo. 8, 1857. The steamship Memplte. from New York, arrived at her dock here at two o’cleck this afternoon ——— Markets, PHILADELPHIA STOCK BOARD. Pritapeurna, f 1867. locks Gull, Peumsylyaaia dyes, 9499) Teunay yeaa