The New York Herald Newspaper, December 29, 1857, Page 4

+ , NEW YORK HERALD. eee reeeeenaESEe Taree JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. CORNER OF FULTON AND Nassar srs, | °% the other, as is proposed by the petitioners. noe chctnacnae tenants After Mr. Newton had concluded his ypeech the Ne. 361 | committtee adjourncd until Wednesday. Accounts from h.ansas state that at the election on the 21st inst. the Lecompton constitution, with BROADWAY THEATRE, Broad , Zoo 1 ° eeROARESy Eames Broadway Resmesisy, the clause annexed in favor of slavery, was adopted |. NEW YORK HERALD, TUESDAY, DECEMBER 29, 1857. . argued that it would greatly incoavemience the citi- | Pc.’ a OMe. per Id. Holders of four mvalfested come | sities of Mexico, now is the time for the pur- {| the Sunday papers, as such, hive been degraded | Coma ro Tum Sunges.-The fire-catere zens of New York at lange if the steamboats were spe Gent ate tentt'Xe Serene <a chase of a State or two along her northern bor: | to the lowest depths of vaigartty, and will pro- | who conduct the Richmond Whi begin to think pomp leaner ip ond peseengecs abore a ony wetness sani of | Gers ‘Tamaulipas would make a snug little | bably, before a great while, gw almost alto- | that the election of Fremont would have beem city and Grand street | © as ae = ae ‘inane arn coop slave State, for example, and would bea fair | gether out of existence. a blessing to the South. These fire-esters are was prime white Kentucky at $1 323¢. Gorn waz hv fair | equivalent to the South for the loss of Kansa¢. ‘The Commercial Prosyect for the Year. beginning to come to their senses, and to see demand, with @ wide margin between cargoes iada™P | Thirdly, the government of Spain should be The stockgamblers, speculators aad bank- | that Fremont was not such a terrible bugbear pasmcrar doe apd ee relys atl > Lapa brought peremptorily to a settlement of all our | rupts as well in the United Statca as im Kurope | after all. Will they go for him in 1860? An- ranged ‘ ’ claims against her. To thisenda material modi- | are once more as furious with the Hur&sd for | 8Wer that. fication of our Neutrality laws might be a ju- publishing the truth about the state of com- OFricz Volume AMUSEMENTS THIS EVENING. for dry azd in good shippimg Condition. Rye eld st Te. for prime Northern. . Pork was firmer and more active, NIBIO’S GARDEN, Broadway—Ticut Rors Frats— ‘TERPSICHORS—INTERMEDE Musical. aro Euernantine Faate—M. and Mur. Beaumanonais, BURTON'S THEATRE, Broadway, oppose Parrer Versvs OLATTER—LONDON ASsURANCE ei seaces THEATRE, Broadway—Tux Poor ix New LAURA KEENE’S THEATRE, Broadway—Tux Consican ~Haxuequin Biur Bear, BARNUM’S AMERICAN MUSEDM, Rroadway—Afternoon —IRiGR ASSURANCE AND YANKEE Mopustr. Evening: VaL- MNTINE AND Onson, WOOD'S BUILDINGS, 561 and 7 —G1 Osuure & Wooo's Mixstinic—Mocveiies OF Taowase BUCKLEY'S OPERA HOUSK, No. 585 Broadway—Ermio- Pian MeLopies—Down in Mississiprt. MECHMNIC’S HALL, 472 Rroadway—Barant's Minoranis WU RLEsQua CHRCUS. —Fravorias So ‘The New Fork Herald—Edition for Eurepe. ‘The Cunard mail steamship Canada, Capt. Lang, will leave Boston on Wednesday, at noon, for Liverpool. Bond su eet— State offic feating the p for Governo of Governo the Park, for by @ large majority, We take it for granted that the free State men refrained from voting ou the | at $16 a $1587, and 100 bbls. prime at $13 25. Sugars BOWERY THEATRE, Rowery—Rausseniax, Grauxasric | question. The Free State Convention, which was | Were steady, with sales of about 400 bhds., incluted in to meet at Lawrence om the 22d, was to decide whether or no the free State men should vote for t the election to be held in January. Mahy were in favor of voting, with the view of de- Ex-Secretary ey ag ad Stanton was spoken of as the free State candidate | The Arrest of Gen. Walker--The Difficulty Gen. Denver had assu: the duties ad hed imaed-a a addrees The capture of Gen. Walker and his filibus- once | tothe people. There are the ‘sual reports of hostile intentions ou the part of the politietans of all parties, but they are hardly worthy of notice. In the Bosrd of Aldermen last cial Committee on the location of the new Post Office on two, in the Park scat in aa amended report, which pro- Vides, in the event of the building being erected in ro-slavery nominees. evening the Spe- the extension of Baolkman street through to Park place, instead of Spruce street, se originally designed. Af%er some oppesition to the amended report, the snbject was postpomed till The Buropean mails will close in this city at noonto. | ‘morrow evening. The majority and’ minority day, to go by railroad, and at ha'f-pact two o'clock P. X. ta go by steamboat. ‘The European edition of the Henazn, printed im French | were then taken up. and English, will be published at ten o'clock ia the morn- fag. Single copies, in wrappers, six cents. Sabecriptions and advertisements for any edition of the Sew Yous Heraip will be received at the following Places in Europe:— «Samson Low, Son & Co., 47 Ludgate hil. ‘Am.-European Express Co.,51 King William st Am.-Furepean Express Co. ,'§ Place dela Bourse, 2. Am.-Buropean Express Co.. @ Chapol street. R. Stuart, 10 Exchange street, Fast -Am. European Express Co., 21 Rue Corueilis. A steamship, supposed to be the Arago, from Southampton 16th inst., passed Cape Race on Satur- day last, about 4 o'clock P.M. She will probably ive at this port to-morrow. Gen. Walker, in accordance with his promise to Commodore Paulding, presented himself at the office of the United States Marshal yesterday. Not having received any orders with regard to the General, Mar- shal Rynders advised him to proceeé to Washington, and place himself in communication with the federal authorities. Gen. Walker adopted the suggestion, and will leave this morning for the eapital. Else- where we give an account of the scene at the Mar- shal’s office, together with a statement of the views of Gen, Walker with respect to his capture, and let- ters of our correspondents giving additional details | P°X*0# reeulnting the nate of bread by weight. The : of the surrender, and the state of political affairs in Central America. We also republish the zeutrality law of 1818, the Clayton-Bulwep treaty. and the treaty recently negotiated between the United States and Nicaragua, as these officiat documents have an intimate and important bearixg upon the various questions involved in the seizure of Gen. Welker. The news of the breaking up ef Walker's expedi- tion created an intense excitement’ yesterdhy, not only in this city, but in Washington, Mobile, and. at other points at the South. The conduct of Commo- | dore Paulding was severely criticived. It is stated H issued being simply those promulgated somo time since to all the officers-of the federal governmant to prevent infractions of the neutrality laws. These orders we give in another column. It is farthemore stated that the adminisiration disclaim and <tisap- prove ofthe conéuct of the Commodore, and t tat he will be held to a #trict aecountability. The steamship Empire City, from. Havans. 22é instant, arrived et this port last eveniag. Therewas nothing of importance transpiring ‘m the political world. The sugar market was net materially changed, but remained firm, while freights were in- active. The news of the birth of the Spanish Prince lad thrown the Habaneros into ertacies. The United States sloop-of-war Saratoga, with General Walker's men, bound for Nerfoik, was at Havane on the 23d, as was also the filibuster steamer Fasition. ‘The slave trade was flourishing, as useal. A Dominican vessel, from Posto Pista, was at ‘Torks Islands on the Mth ultimo. The city of, San Domingo was still besieged by Sentana’s army, and was on the point of surrendering. Theta were fifteen hundred men before Samana, and iv war thought that General Palmantier. commanding fo r Baez, would soon yield to Santana's ferees. Th e mail schooner Nineteenth of March, runaing b e- tween San Domingo and St. Thomas, hoisteéa fl ag of truce and gave up the mail bag containing Bat 2's correspondence. Several gentlemen who. had flo d to ‘Turkaflslands in order to escape the perseeetior ws of Baez, were taken home by the schooner Fabel. Our correspondent at Port-au-Prince, Hayti , writ- ing on 27th of November, reports that the pr ovisicn market had improved. The effects of the A’ merican money crisis rendered traders cautious. D ry goods not in demand, and the Custom H ouse wy ed with consignments. Coffee came in slowly, and was hekl at $120 (Haytien currene yy per one d pounds. There were twenty! bree vessels hing of interest had tran pired in poli- have been received from the capital of nduras to the 25th ult. The r jlway engineer corps expected to finish their surveys by the Ist of February. The corps enjoyed exct jent health. ve news rom the west ¢ oast of Mexico to the inst. Our Acapuleo o wrrespondent states that high hopes were entertaine’ | of the ultimate im- provement of the country und or the absolute rule nt Comonfort. The Senta Anna and cleri- es were already disc’ smfited. One handred and cigbty military prisoner . helonging to Vicario’s army, defeated by General Alvarez, were transport- new City Hall over till the o: feated. The © port in favor of gested, however, apprepriation wi year 180 tro: $249,590, w o'clock. the Mayor vetvi was declared adopted—eleven t ten. reports, respectively in favor of locating the proposed in the Parih or in Madison sqvare, jetions to lay the mester ganization ef the new Pdard, and also to indefinitely postpone” the subject.were de- ‘ity Hall Park plan was then nega tived by a vote of eight agains* twelve, andthe re- locating the bial in Madisoa square It was sug that as the repert carried a money ith it, a lwo-thira Vole was necessary for its adoption. The previous vote was therefore | sident disclaims-and disappcores this bold aad’ reconsidered, an@ laid upon the ble. allowing contractors to proceed with laying down | will bold him tova: strict acccont, But that the- iron pavement in Maiden lane and ‘Cortlandt # teet, was discussed and Inkl aside. The -eport of the Com- mittee on Taxes in favor of redseing the tax-on the Uniso Mutual Insurance Company for the The report m the valuation of $508,000 to astakenup. Alderman Tacker said that | the late Kansas Goversor in reforence to the Committee were not empowered hy law to inter. fere with the taxation of 1856. ‘The suggesticn-|iest knoveledge of the law, ifowever, can was concurred in. ness, the Deard adjourned to this evening at 4+} structions contemplated the possibility of After passing sorve routine bu: The Boaré of Councitmen were ini session las:'| the General Walker expedition ac that adopted evening. A message was received from His Honor - ing the ovdinance pesed by both committee affirmed that the Mayor raisunder stood the language of the ordinance. and advocated sa mo- tion to hive adopted. The printed’ with the vetc.. which, was poration Counsel, in reply to a re- solution of inquiry.relative to the legal oy of dee ding & portion of the f' Mark for a new Post Ofte, said that the Common Cvancil had the power to make the conveyance. report suggestia, 1858, the net increase asked for being 2239.90% 61, which was discussed in committee of te whole and recommended toa. third reading fcrthwith, ‘and that that officer acted without instructions in bis | *dopted: The tax levy for city expenses ts half a ec : demonstration agaizst the tilibusters, th e } million leas than. it was last year. i bel Sivtace mune pawaracd @ The Board of Supervisors met yesteriay. A reso- lution appointing Josepia Karge interpreter of the § mitted a warlike trespass upon the seil of a fo- Court of Sessioas, with ecalary of $8( per annum, 4 in place of AdolpiMincao, the present inenmbent, was referred to the appregriate comm‘iee. A reso- 7 Nicaragua for-the authority to seize rpon these ‘Whe Finance Committee presented a ig ameriments to the tax levy for lution was adopted appropriating $1,500) ia addition to the present allowance, for the employment of ex- tra clerks in the District. Attorney's oMce. Several bills were ordered to bo paid, and the Board ad- . journed till Wednesday. We give in the form 4 history of the.events which hr ae transpired § opposed to General Walker's plan of opera- in this country du forma faithful record.ot the political movements sinc3 the coramencemant of 1657. The main fea tures of the events of tie past year ane the great finaacial troubles, whieh have wrovght such ruir throughout ai the rem Weations of trade and thrown thousands of what were considered our wealthies! en into tha vortex. of bankruptry; the political si iffentties in Kans Territory, pte dpsey against Welker, who ad just made his exape ing over the the dismemberment of parties and party oz, ganizations, and even now threater. the destruction | Paulding. of the great democratic family; the. movements in Utah Tersitory and the defiant pesition which the Mormon aaints have assumed undes the leadersbip 0 Brigham Young, the general gowernment; the sad and heart-rending catastraphe which happened to ‘he steamer Contral Amcrisa; and the excitement incilent to the move- country as a prisoner of State. In connection with | Southarn feeling of bitterness created by this our chronolagies bles, which may and are well worth preservation for future refer- ence:— First, we give the number and locality of fires which have oceurred in the United States during the year 1857, where the loss of property amounted in the aggregate to twenty thousand dollars and up- wards, with a recapitulative table, showing the losses = * in each month compared with the eorresponding | Walker, of Senator Douglas and the North time in 1856. Second, the nv ings. who have died d the noble band i that in a few | bearse living. 4 for life. The communt cation between the city of Mexico and Acapaico W® , stil! interrupted. ‘The British war sloop Vixen arrived at Honolulu o the Tlet of October’ from Nukah She reporta that the French aut’ Jorities at the Marquess had bad some Gificulty with the natives in the cele- brated valley of TY" oe, where the cannibals desired to sacrifice # WOM? 5 on the occasion of some of their heathen orgies, Yt the French Governor interfering saved the wems », not, however, without a show of resistance of td » part of the natives, which resulted m several of them being shot before quict was restored. A letter f rom Lahaine, Sandwich Islands, dated on 16th of October, saye—Our town looks quite lively m°W that the whaling fleet is coming in, and every «v. is on the out tire for a good season. Aboot & vo weeks ago there was found on the beach « bund) > that had floated ashare, on opening which’ two A nerican fags, a black cout and straw hat ‘were, found, Where it came from remains as yet a guttery ‘Vhe new steamship Moses Taylor, built for M. 0. Roberts & Co.* mail line of California steamers, went on ber trial trip yesterday, and conducted her well satiefactorily. ‘The domestic troubles of the Paulding family were agaip before the Supreme Court yesterday, when dodge Davies granted an order requiring Sarah Paalding to give bonds in five thousand dollars not to remove her aaughter Grae out of the jurisdiction of the Court without first obtaining the asent of aid Cont The apecial committee of the Board of Councilmen on wharves, piers and slips met yexterday, for the purpose of bearmy ang@iing that might be said for or against the removing of the landings of river steamboats up town. Robert Shields, one of the petitioners, came forward and epoke in favor of hav ing the steambo ' by W. D on fings and wae Newton nm piled t Mort ” ¥ ood lew ing attained the and upwards. The number is very few. Fifth, a table of the passages of the Calfornia | which he made his eseape from one of our prin- steamers, with the amount of Third, the names of the patriots of the Revolution lenting hand of time, and it is reasonable to supposs any event of the “times that tried men’s Probably less than three bundred are now Fourth, the names of persons who have died hav- Hgxsup to-day in chronological ring the past year, end also in like entire conntry, have caused against the power and authority,of ments of Germ Walker, and his fival return to this will be found. some interesting ta- be relied upen for their eccuracy, mmber ef lives lost tn burning build- juriag the year. it will be seen that is fast passing away before the unre- years more not one will be left to re- advanced age of one hundred years day of sailing, date of arrival, and treasure each brought. There has been # decided falling off in the shipment of specie from California, as compared with the amount brought in 1456. The total decrease is upwards of six millions of dollars, two millions of which, how- ever, sunk in the ocean with the steamer Central America. . Sixth, a table of railroad accidents, compared with the railway catastrophes of the previous year, showing the number killed and wounded. It is pleasant to note improvement in the management of our railways. | wost India islands. that the figures indicate a decided Perhaps verdicts for large sums to indemnify per- aons for injuries with it. Beventh, a table of steamboat accidents which | be restless and revolutionary so long ws there is have occurred during the year. sustained may have something to do In this, too, we are happy to note a large falling off in the number of killed and wounded. Fighth, the usual Henan calendar for the year TR Ninth, the names of the executive officers who are to govern the States and Territories duiing the com- ing year. Tenth, the times for the assembling of our different Btate Legislatures and the name of the seat of go- vern of each State. Eleventh, the names of the rulers of the world with the year of tetr esion Twelfth, the marine lower on our thland lakes with the numbe © of lives racrificed. Thirteenth, the eclipses of the year 1858 The ames cf eottm pesterday embraced about 400 a 600 baivs, chiefly to spinners. The market cont.nued to be irregular and anaeted, while the chief transactions were reported te hay been based op m ¢4!ing vpiaads at about with eales of about 1,100 a 1,200 bbis. old and new mess, | dicious step; and in the event of a stubborn re- fo'sal on the part of Spain to come to terms, the Ostend manifesto itself might be safely applied, and to'its fullest extent. We: say the Ostend manifesto, which was the secret, after all, of Mr. Buchanan’s popnlarity inthe South; for in that recommendation of “wresting Cuba from Spain, if we have the power,” the South discovered a quick and cer- tain proc ss for securing that fertile island. At all evants, a general modification of our forsign policy in reference to Cuba, Mexico and Centrafi America, is now suggested a3 the redeeming" expedient of Mr. Buchanan's administration. We can now dictate the law concerning’ those countries, not only to the Toca] authorities, but to Spain, Englan@ and Fiance. The Eastern wars, financial embarraaiments and revolutionary difficulties which now’ engross the attention and the capabilities ef France and England will ex- clude ther from sny hostile interference against a new poliey om oer part of Southern “manifest destiny,” even if % should include the seizure, ase hostage, of theisland of Cuba. Our sectional slavery agitation has been pushed to a eritical point, and unless some out- | let is afforded for the predominating Southern | sentiment in favor of our territorial extension southward, we krtow not to what extremities the clashing and reckless pro-slavery and anti- slavery factionsof the country may drive us. At this juncture; especially in the exciting af- fairs of Kansas, this arzest of General Watker ‘ané his Southern filibusters must inevitebly ‘complicate the esotional ‘éifficulties in which the ‘administration iventangled: Buta coispromise, ‘in the shape of s.foreign policy which shall en- courage this Southern idéa of “manifest des- } tiny,” will appease the South, withou‘? giving any cause of offeree to the commercial North We anticipate an exciting Southern ven ‘tation of ‘this Nicaragua:s Walker business with the re- assembling of Cozgress after the New Year hobidays, and grcat’events-may be close at baad. Orry Imrrovemetsrs—A’ Ostrom Hovse at Tat Barrery.—WLidst the controversy in:re- gard to the site of the new Post Office ic» at- tracting attention to the subject of city im~. provements general'#, there is-one sugges‘ton thatoceurs to us, wiéch, if carsied out, would add greatly to the convenience and beauty of the lower part of Broadway. The narrown2«s of the approach to the South erry, through Whiteliall street, is productive of a good deal of difficulty during (he earlier portion of the day, the secumulationof omnivtees and other’ vehieles frequently cousing a stoppage and d>- lay which are exceedingly annoying to business people. Considering: the rapidly declining» value of the house property on the east side of Whitehall street, we should say that that atree> might be widened at a very smeil expense, and - thusene of the chief avenues of communication with-Brooklyn be rendered more easy of pas- Rage, But there is another and more comprehensive imprevement in this quarter whioh would have the effect of altering the entire character of the neighborhood, and of redeeming a large amount of property which is now falling to rain. The inconvenience of the situ- atica of the present Custom House has long been a subjeet of complaint, and the confmed space within which the extensive ope- rations of that establishment are carried on is equally a subject of grievance. It is certain that with the rapidly growing wants of our: commerce, the present building will soon bo foand insufficient to accommodate them. Wo shall, therefore, be called upem before long to provide a site fox a new Custom House; and whilst there is an opportunity of securing the Iceation best fitted for it, we should not let the olmnce escape us The blocks of houses situated to the south of the Bowling Green, and standing between Whitehall street and the Battery, are, as we have already clwerved, rapidly deteriorating in character, andithere is no present appearance of their ever regaining anything like their former value. The splendid old mansions, which were once the pride of this part of the cits, are now either temporarily oooupicd as offices.or as boarding howses. These latter are gradually losing their inmates, and are being converted into tenemont dwellings. The consequence is a general dealine in the value of property in the whicl were about 200 New Oriewms, all at prices given in another eclumn. Coffee was quict. Freght ongagencats were moderate. To Liverpool floar was engagedat 27. To Londow 906 bbis. flour wore taken at a priceto be fixed, and perk im tierces at 6s. and the Pelicy of the Adniinistration. tering army ow @ foreign chore by a detsch- ment of the United States Navy, and the trans- portation of said fitibusters back te this coun- try as State prisovers, in a government vessel are among. the’ most extraordinary of alt the strange and unexpected public events of the pret year. The inteMigence of there pro- ceedings, which we published yesterday, has created s profound sensation in -the poitical circles of this community, and will createwuch bitter feeling among env Southern politcians in Congress, and among alt parties in the Muth- crn States whose sympxthies are activel’ en- Listed in behalf of the Sonthern ‘“manifes des tiny” programme of Gea: Walker. With tte reassembling of Congress oa: the 4th of January we may expect some nice qnes- tions to be raised touching” this affair, by our Southern propagandists of Southern ins‘iti- tions. It will be seen from ovr Washington ad- vices, under eun telegraphic Lead, that the Pte- ill-advised act of Commodse Phulding, and: intrepid Commadore believed he wae acting in- accordance with the tone of his:instractions, we: have no reason to doubt, tlough it sppears he has been shooting even wicer cf the mark than his instructions. No nan with the slight- suppose that Commodore ldulding’s in- such a regular Jack Ter method of: winding up dy the gallant Commsdore entrusted: with this delicate business of public wrongs, personal rights and legal jrrisdiction. The bombard- ament of Greytown was not contemplated in the Gustructions to Captain Hollins, if we re- Ymember correctly the drift of his offeial letters, ybut the responsibility’ was, nevertheless, as- ed by the administration, as the shortest way ef getting out of the difficulty. Bat this is ‘a different matter. We can disecver nothing in our Neutrality ‘laws requiring the purcuit of a filibustering ex- pedition from our shores into afcrei¢n country, - the capture.there of-the offendicg parties ‘as transgressors of the law. It strikes as that sin this proceeding Commodore Paulding com- reign State. At least, we think a requisition ‘should have been made upon the government of filibusters, as the first step to the end proposed. But a Jack Tar is not always a lawyer, and the "general views of Mr. Buchanan concerning this business of Gitbustering may have suffered only ‘too sharp an interpretation. He is decidedly tions, for it. violently. conflicts with: various treaty stipulations which the President is bund to respect. The langage of his late Mewage is very deci#ive upon this point; and it goes very far to.confirm the opinion that his sulden recognition of the Martines government of Nicaragua was intended as an act of. oatliwry with his expeditionary force from Mobile. All this may have been law enough for Commoiore ‘The administration.cannot justiy.be hel¢ re- sponsible when it diselaims and condemns this act of the gallant Gommodore; but the deeat of the oxpedition of Walker has none the less been oohieved, and, that is the sone point, In spke, therefore, of the President’s.instructions and disclaimers, there will, we fear, be a unauthorized and; illegal act of Comnodore Pauliing, which will involve the administra- tion ‘mn Congress 'n new difficulties of a section- al character. We think it very uofortunate in thie.view, and in view of the prectical legicla- tivo duties of Congress, that this new Walker affair should happen at this pertieular time. The late Northern rebellion of the other western democracy against the Kansas policy of the President's Message, has brought the ad- | "C'#hborbood. In another year or two the ministration party in Congress and in theccun- | Whole of the buildings on this side of the Bat- try to the verge of dimolution. On the other | ‘TY Will he as ruinous and worthless as those on the Whitehall streot side. Even as it is, the proprietors would, we are convinced, gladly dispose of them for @ third of their or value. If the ground covered by thove bmildin were gleared and added to the Battery Mark it would open a eplondid approach to the city from the bay, and impart additional features of attzaction to Broadway. Besides this, i would facilitate greatly the communication with | Brooklyn, whieh, as we havo shown, is daily tecoming more dificult. But in order that the space thus added to the Park should not be an unprofitable acquisition in a pecuniary sense, a new Custom House might be built in the eentre of it, with a side front facing the Bowling Green and its centre facing the water. There is no situation that we know of which offers so many natural advantages for a Custom House as this, whilet the building itself, forming the boundary of 9 fine park and of a spacious new! street, would become one of the most prominent architectural ornaments ofour city. When we add to these recommendations that it will do away with another growing centre of infection, and contribute largely to the purification and ven- tilation of one of our leading thoroughfares, we think that the subject is entitled to the prompt consideration of our city authorities. hand, the Southern slavery extensionists heving lost Kansaa, and with it any farther footing in that direstion, have tarned their attentioa ac- tively southward to Mexico, Central Amectoa and Cuba, as the regions from which to carve out future slaveholding States. This will ac- count for the promptitude with which Gen Walk- er wes supplied with the men and manitions of his late expedition, and for the ease with | cipal Southern ports. We may accortingly an- ticipate from this bold stroke of Com. Pauld- ing a violent political reaction im the South, which will place the administration between two embarrassing sectional fires—a raking fire from the antitlavery party of the Northern Kansas Walker, and a sharp cross fire from the pror slavery party of the Southern Nicaragua Walk- er, whose ultimatum is a great slavecholding confederacy “on military principles,” including all Central America, all Mexico, and all the What, then, should be the future poliey of the administration? Our Southern politictans will # Northern balance of power in the govern- ment continually strengthening against them, But make an opening for the creation and an- nexation of more slave States, and they will come tractable. To thisend, and tothe great end of etrengthening the political, commercial and miliary power of the Union, we apprebend that the time has arrived for turning over a new leaf in our foreign policy as regards the Gulf of Mexico, its islands and the adjacent ie The President will comprehend our meMing. Our neutrality laws and our joint stock Central American treaties roquire a radi- Wrexiy Joursats.—There are two classes of weekly journals published in this city; the one immoral, deceptive, degraded and demoralized to the last degree; the other independent, hight toned and worthy the support of the community. The Sanday papers, with very few exceptions, are the most miserable, trashy and vulgar epeodmens of journalism that were ever allowed to curse any community. But there cal change. are weekly journals, euch as Prank Leslie's /1- In the first place, all entangling | /ustroted Newspaper, Harpers’ Weekly, and Bon- alliances concerning the Central American | ner's Ledger, which appear to be conducted with States should be abolished. Secondly, consider ing the wretched condition and desperate necos- industry, propriety and good taste. They truly represent the progress of journalism here. But not abusing the Heraxp. in the British Parliament. have tion is feasible—ere urged by him with very remarkable power and felicity. jeet, not only in its European but in its- Ameri- can phase also. He sets down the failures in England at $225,- 000,000, up to 11th December; very considera- bly more than the aggregate amount of the fail- uresin 1847, 1837, and 1825. We presume that it weuld be fair to add at lesst as much more for failures en the continent, and to say $500,- 000,000 up to the 10th December, for Europe as a whole; not including some $200,000,000in- volved in faitures in this country. These figures, which of course are rough approxima- the legislator. They would peshaps be moze accurate if the merchants-who failed here were done in Englandi Disraeli, rightly ascribing the revulsion to the undue expansion of credit, seems to see, though he does not montion in precise terms, the only possible cuvre—general liquidation: Just: at the moment when one expests him to point: out the neces- sity of a general conversion of property and Niquidation of debta; he enters: intoan elabo- rate discuseion of the duties and obligations of the Bank of Englands In real’ty, the Bank of England is of very omall conesquence in this matter; the point to which men’s eyes now re- quire to be directed ia that the caly way out of the revulsion—in this country es in Eagland— is by liquidation. Woshall doultless hear this insisted upcea, ere long, in the British Parlia- ment. In this country, it is now pretty gene- rally understood. The understanding thereof furnishes the key to the commarcial prospects of the year. We commence business, in 1858, with two classes of houses; young houses, which have just started, or houses whichwere (oo obscure to be serious- ly involved in the revclsion; and old and large houses which, being deeply involved, are now ‘struggling to liquidate, and get free. The clear and obvious prospect of these two classes of houses is dismetrically: opposite. The young houses, with no incumbrances to weigh them down, and n>troubles to. embarrass them, go into the market at atime when property and merchandise are depressed, and are able to buy well; their means are naturally small, and they are cautious; the banks are more disposed to help them than older ardimore uncertain firms; they are in a position.to rise withthe gene- ral recovery, and to avail themselves of the whole reboand that mwst pro- ceed frorms the recuperative erergies of the country. In a word, their prospects are good. With caution and energy, they have a fair opportunity. On the other hand, the pros- pect of thoold and embarrassed houses is very unsatisfactory. It is not reasonable to sup- pose that property and:merchandise will be in any hurry to recover from the depreciation which hes commenced: On the contrary, it is natural that that depreciation show!d continue. A fall ir.one large cless of merchandise involves falls in, others; just. as one failure leads to others. Thus one set, of assets is seriously dimin- ished. Nor is that other set of besets—debts due im the country—likely to. prove more available. From all that we can learn, the country merchants are not, as « rule, offering to pay as much ae fifty cents on the dollar, Proposals for extensions for one, two and three years are quite common. Altogether the pros pect is very poor for the collestion of country debts; and between this, and the depreciation of property, the old houses which have been deeply involved in the revulsion are likely to find it a very difficult business indeed to effect. a general liquidation. As the year progresses, the gulf between these wo classes of merchants will be broadly de- fined; the two will appear in striking contrast until, after « greater or less period of struggle, the older and more embarrassed houses give up the contest ond disappear altogether. Until that takes place we must expect to hear the cry of hard times pretty generally and loudly ut- tered. For while the young and rising houses will parsue their course in peace and quiet, making no noise and no show, the older houses will fll the air with their complaints, and the report of their failures, as they go down one by one, will drown every other sound. This was the story of the years which succeeded the re- vulsion of 1837; it will be that of the years which are now to elapse. Tae Worms Wriruive.—The broken down stockjobbers of Wall streets have published a long, obtcure, dull and ignorant leader, which enly shows that they are terribly alarmed at the prospect of a full and complete exposition of all their gambling transactions in Wall street before a court and jury. They attempt to twist and turn, and toil and writhe, and turn again, but it will not avail. They must go hrough the process of moral HKyuidation which all rogues who appeal to the law must expect. Gardiner Furniss, suing a newspaper for al- leged injuries inflicted upon his character, pre- sented a spectacle not more amusing than that of Wesley, the broken down stockjobber, per- petrating the same wonderful font. Sxexive tHe Liowr.—“We observe that the large suspended houses in Eagland avail them- eelves of the first opportunities to publish state- mente of their assets and liabilities. What is the reason that the suspended houses here do not follow the example of the English firms? Is there anything that cannot he told” mercial affairs as they were in the deys when we piedicted the revulsion, and they, for the beat of reasons, insisted that no such thing was possible. We persevered in our course then, in spite of the censure of our neighbors; we can hardly be expected not to do 60 now, when they have eo much less interest in the matter. They will consult their own welfare best by studyizeg In this view, we recommend to their atten- tion the speech of the Hon. Mr. Disraeli, which we published on Sunday,and which is the ablest of all the speeches on the subject pronounced Ideas = witich been more than onee pat forward in these colamns—that the revulsion flowed simply from the over-speculation based on the production of gold; that the banks had no more to do with it than the mer- chants, both being equally culpable ef over- trading; that no remedy in the shape of legisla- It apparent that he has made » thorough study of the eb- tions, may serve as a guide to the merchant and: all to publish a otatement of their affairs as ix THE LATEST NEWS . Important from ‘Washington. BFYSCT OF THE NEWS OF GEN. WALKEK'S CAPTURE— THE CONDUCT OF COMMODORE PAULDING STRONGLY EEFROBATED IN ALL QUAWTERS, HTO. Wastunator, Dec, £8, 1857. The anspvacement to-day tha Gen. Walker, with one hundred aad fifty of his men, had been captured by Com- modore Paulding, created the maost intense excitemeat, and has béew throughout the day the all-absorbing theme of conversattoa. Gen. Honningsen, whe has been here for the last two weeks, watching the course of events, with a dozen otivwrs whose proclivities are strongly ali- busterish, have been iasolema conclave all day, The General had about eompleted his arrangements, and was mtending shortly tostart from one of the Southern porte with @ pretty strong force, te join Walker. He received adespateh to-day from: Gem. Walker, requesting him te Come immediately to Now York, and he ieft Utis evoning « to joi! him in New York, The administration do not know what to make of Com. Paulding’s conduct. He certainty was not authorized by his instructions to scize Welker after he had lauded in Nicaragua; but as the administration is without any imfor- mation upon the subject, nothing can be known soto their views until they receive the’ official despatches, whic will reach'here to-morrow. Commodore Paulding’s conduet im this matter is: ass madverted upon pretty seversly by the Southern-men,, Sonators and’ members, and, infact, by a large number from the Nerth, However, whem'the facts are known it may change the whole aspect of affairs. The instructions to Commodore Paulding were besed upon those issued some time agofrom the State Department to District At- torneys, Marshals, &c.,and were expkeit and simple. If ke has transcended them—and it is generally belioved thas be has—tho worst is his own, for ite will be dismissed’ from the service. Captain Engie, bearer of despatches from Nicaragua, errived this evening, and is stopping at Willard’s. There is not a wordof truth in the ropert that the Fag. ‘ish government had) protested against the Nicaraguan treaty. ‘ Tam also authorized-to say that no Minister to Russia has yet been appoiated. Captain Van Vliot arrived this evening. direct from Kanga. THK GENERAL WAWSPAPER DESP&T0G) WASHINGTON, Deo. 28, 1857. The imstructions to Commodore Paulding wore necosss- rily general in their natere, it being impossible for the , Government to anticipate every state of circumstances, and not until’ his official despatett shall havo been considered, will it be determined whether or not he was-justified im arresting: General Walker. Important ?vom Kansas. BBPORTED,ADOPTION OF THE LECOMPTON CONSTITS- TION WiTH THE CLAUSE IN FAVOR OP SLA¥EKY— ADDRESS OF GEN. DENV®R, THE NEW GOYEKNOK. Sr. Lovis, Deo, 28, 1857. Kansas advices of the 22d inst. have been reeetved by t te: Republican. ' The Lecompton constitution, with slavery, was carried at the election on the 2lst bya large majority The re- turns as yet received are, however, very roagre, The pro-siavery vote at Shawnee was 765, at Alathe 200, and at Lexington about the same. It was reperted at Lawrence that a body of free State men were gene to Lecomptom to seize the Territorial arma. Aletter dated Lawrence, 21st, says that General Lane has gone to Fort Scott, with the avowed determination te destroy that place, exterminate-the pro-slarery sottlers on the Shawnee reservation, and carry the war imte Missouri. Gentlemen from Kansas report the whole vote of he- compton as 132, and the majority for slavery €% No votes were received in Lawvence, and the poll books were not opened at Topeka. ‘The slavery majority in Lexington was 30. Nothing had been heard from Leavenworth. General Denver bad assumed the Governorship of ta Territory, and dad issued an address, in which he exhort the citizens te appeal to the bal'ss box for the settlement of their difficulties. He makes copious extreots from the President's instructions, as indicative of the line of policy he designs to pursue, and also. states that General. Cal- houn bad invited himself and ‘the presiding officers of both: houses of the Territoria! Legislature to be present at the counting, of the returns of the election on the 21st. Mz. Pritchelt, bearer of despatches from Governor Den- ver to the government at Washington, passed throvgh this city yesterday, ‘There is nothing authentic from Fort Scott. A letter to the Republican says that the Lawrence Can- vention ot ths 23d inst. will docide whether or not te ge into the January election for State officers. Many favor ‘such @ course, with the view of crushing the State govern- ment. Ex.Seoretary Stanton’s name was mentioned. for Goveraor. Tikct of the News of the Capture of General Walker, Moatin, Deo, 28, 1867. Great excitement has been occasioned here by the news of the intervention of the governiment in Nicaraguan affairs. Despatches from the Utah, Military E-pedi- ton. THK ADVANCE UPON FOR? BRIDGFR—THE MORMONS TO BE THRATED AS REPRLS TO THE GOVERNMENT— BELLIGOSE LETTERS FROM BRICHAM YOUNG . Wasuneron, Dec, 28, 1867. The War Department to-day recvived official despatches from the headquarters of the army of Utah, dnted Black Fork, three miles below the mouth of Ham's Fork, No- vembor 5. Col. Johnston states that Col. Smith, with his command, and the numerous trains guarded Sy it, reached there No- vombor 5. The march was slow and tedious, averaging cleven miles a day. Although the road was cxcellentand the weather fine, it wes not possible to make more rapid prozress, on account of the broken down condition of the draft animals. The trains, including the outiers’ and merchants’, destined for Salt Lake, which he would not al- low to go on, occupied as close an order as they could be made to travel the space of from five toclx miles. No molestation whatever was sttempted by the Mormons, which may be attributed to the presence of cavalry and. the judicions: b yn and vigilance of Gol. Smith, On the 6th of 3 ber Col. Johnston. was to march on Fort Bridger and dislodge any forco he ke there, and await the appearance of Col. Cook, w the soprseee of winter was too near toattempt the pas- sage of the Wasach range of mountains with a probability of succoss—he would seize upon the district mentioned im his letter from the South Pass, and occmpy it until anad- vance abali be practicable. The communications from Brigham Young to Col. Alex- ander, and Elder —— and Taylor to Captain Marcy, and the orders of D. Wells, commander the Mormons— which Colonel Johnston enclosed—and the acts of the Legislative Assembly at the last session, show, he says, @ matured design on the part of the Mormons to hold aud occupy the Territory, meg ma of and irrespective of the authoniay of the United States, occupying as they dv the attitude of rebellion and opem defiance of the government, connected with aumorous overt pets of treason. Colonel Johnston has ondered that whenever they are met with in arms they mag be treated ‘a8 enemies, and he reiterates the necessity for pt and vigorous action, or the Tnited States munt somite the usurpation of their . The condust of the Mor- mons, he gays, results froma settled determination om their part not to acknowledge the authority of the United States, nor any other, ow of their church. He adds, be) Cat | of subsistence must be forwarded carly in the it should reach the army by the first of Jane,’ Should @ long time clapse without kearing from hia ‘Soot, Thy. Jobnston says it must be attributed only to the iMeuky of sending expresses across the mountains ia the winter montis, The officers and mea are reported to be in fine health and animated with an ardent desire to discharge their duties faithfully. Om in ‘ipt . Johnaton ‘a the one dye march since the Sth fan that on the 7th they were Awaiting the arrival of the trains delayed the day before by a storm. Our trains, he adds, LP close an order as they can travel, tho road from Wirteen _ pee pong miles—therefore the rear cannot move till late lay. nae kJ heme | bo mg» ag ig! 2 letter from ri — (oung, October which, rej to Colone! Alexander, he says: che Tf you here fc rposes, for weapons ever haa made — a bare war. bef ve wi , for peace, and have ever aned for it all the an terest wbhes bs, fall well, and ‘onek the Wicked, w now at their yf a ined NO DeRCe except it be to be down in el's God we will have pence tren though we he y_ our enemies to fighifor it, If you Perniat ip yoor attempts to pewmanenty locate army fh this Persttory, contrary to the wishes ‘constitu tow! righte of the people therein, thus aiding the adminis tration in their unhallowed efforta to palm their corrupt Oficiala wpon us aud protect them, the biackiegs, hinck: Wenrted scoundrels, whoremasters and murderers as was the sole intention tn sending you and-Your troop here, yor Will have io meet a mode of wartare against which your tae furnish you wo information. Ip regard mo myself and olerg baving plaged Ousseire lah postion of ce