The New York Herald Newspaper, February 20, 1858, Page 1

THE NEW YORK HERALD. WHOLE NO. 7841. ADDITIONAL BY THE BALTIC, New York Banking System Re ” viewed in Engh E SECOND ESCAPE OF THE ADRIATIC. resting Particulars of the Pleating of the Leviathan. FASHIONS FOR FEBRUARY. Re, &e., bo. same sudden chamge in the wea'ber which had oc- d in England hed also been experienced in Ireland, dthe country was white with snow. F The Swiss Federad Council received, not a note, but a rie verbal commmmication of a despatch addressed by Minister of Foreign Affairs of Mrance to the Erench gation. In substance it eeys that if Switzerland, asa State, is emtitled to the kind consideration of the ers, she bas eso international duties to fulfil, and, in icular, she cannot permit the refugees who reside in territory to concoct machinations calculated to disturb tranquillity of neighboring countries. The hope is, erefore, expressed that the Federal Council will be kind th to take measure for sending the refugees now ‘at Geneva into the interior. The whole despatch ¢rawn up i very moderate terms, Seiomon Heine & Co. and the North German Bank have ed a prospectus of « new six per cent Swedish loan, to amount of nine millions of marc banco, which has hen taken by them, and which is repayable in 1866. ‘The traneactions in the funds in London on the 2d inst. not important, but they gave a tone of firmness to hsiness. The declime in the value of money still conti- d, aud k was impossible that the bank directors could aintain the rate at four per cent, when the terms in the pn market were mot above three percent. Large sup- ies of gold were expected both from Australia and in the course of the next two or three weeks. e was gradually improving, but there appeared little pec: of activity. Kt seems from a circular signed “ Isaac Ironside, Free ess office, Sheffield ,”” that Lady Bulwer Lytton is in urgent trees, and has nothing to hope from ber husband. She s been advised to have recourse to legal proceedings bia, and Mr. Ironside solicits subscriptions from friends to defray the expenses of the suit. Mgr. Prince Lucien Bonsparte, who lately received or- on from the hands of the Pope, has just officiated at ome, on the occasion of a Je Deum celebrated there for be prevervation of the lives of the Emperor and Empress the Fresch. At Venice, the church of Santa Maria 0 , Whore @ thanksgiving service was performed on he game occasion, was scarcety large enough to contain he vast crowd whe, in addition to the civil and military orities, Hocked there to be present. ‘The Paris cori udent of the Londen Globe, writing on Slet ult., has tollowing paragraph :— At the American meeting on Friday an ex-member of e |, and the new United States Consul, acer, attended ‘to congratulate the Emperor, but Che er Count Jones could not get a hearing. ‘The Bark Adriatic Fay ped Escaped. {Paris lewer (Jan, 31) in Loudon Giobe. | You have already heard how that maritime Jack Shep- d, Capt. Durham, of the Adriatic clipper, has broken yagain. and is once more over the waters of the dark sea. Count Cavour telegraphed to the authorities at eilles and Toujon his arrival in the Gulf of Spezzia, the French war steamers dragged him to Genoa, ‘weather being too stormy to proceed further. It d appear that they relied on the Genoese captain of e port jor his safe custady, and the port captain on the ch; but between them, amid the equalis and dark- , the clipper crept out at night, and dashed off ina ‘tand clover style. Lever tolls of a Tipperary pea- it, when asked to pay for prayers for his 800 who had to grief, saying, My boy, when alive, broke out of C y Jal in Munster, and he won't stay long in purga- [From another Paris letter} Brother Jonathan has again given the French cruisers go-by. The clipper Adriatic, which slipped out o lJes in the clever way I’ mentioned at the time hough ap embargo had been inid upon her, was over aled in Spezzia Bay by a Yrench steamer or two sen ther. Butetempest arose in the night, which ta renchmen spent in making ali taut. At daybreak nex horning a speck in the horizon was all that could be seen the Adriatic. [Marseilles letter (Jan. 26) in Messager da Midi. | Here is a now and curious incide: put the tlyght of Adriatic. Adespaten from M. de Cavour to M. Besson, Prefet of the Bouches-du-Ruone, aunounced that the dariatic was at Spexia Mr. Bessen hastened to communicate the fact to Mr. Bappicr, ihe lawyer of Messrs, Gautgier Brothers. ar ppier started Immediately for Aix, and obtained tr court which had sentenced Capt. Durham to reim- se the price of the Lyonnais, a provision of 40,000 pcs on account, and also letters of examination | rga- ines), so that the Adriatic might be seized in twenty-four ours, in accordance with alaw male between France d Piedmont in 1760, and whieh bas never been abro- ed, Mr. val tant these formalities having been accompli ¢ went to Genes, but learned on bis Durham, after baving revictualed nis Jaga, iti thonght that this the he bas Seratts of Gibraltar, New York Banking System sh Point of View. {From the London Times, Feb. 1.) 3 ‘The Superintendent of the Banking Department of New ‘ork is roquired to make an annual report to the State lature. Mr. J. M. Gook, the preseot holder of the ce, bas natnrally taken the opportunity of the recent pension of cash payments to publish at considerable bis views ow the theory and eof banking. ia nothing more remarkable the aptitude of American for the discharge of any duties which be imposed upon him by the accident of popular Mr. Cook i# neither lucid vor grammatical in his gone to of ‘ition, but he has evidently applied his Bist tw the Gusiners of hie department, and after stady the history of recent events’ he has formed lefinite covclusions, and expressed wem in lan which may easily be translated ‘nto English. Even the fomerate of a in which the Supermiendent indulges, Inter ibe fashion of hie countrymen, is scldom opaque to cnceal bis meaning. European officials would ly venture to assert that foreign exchanges ‘bad we been the barometer by which the banker sailed bark. He could remember, perhaps, when he was ven to the wall by a foreign demand coin; but he dreamt of a mutiny in ais own teeming with agricultural wealth.” utioy could affect r how r only from abroad might be taken by surprise A run gecurred st home. The banks were, it seems, ‘one period ‘the great balance w: t steadied tho ‘on commenee of the country. They must occupy ition, Nature settled the fact when she creaced Inland aud the harbor with which it is sur- ‘Whatever may have been the intentions of nature as to and balance wheels, she forgot wo furnish Mannat. eh Island with a suflicient aeposit of specie to meet its dant crop of liabilities. Mr. Cook defines in terms wally precise the test of successful banking in the ly of New York. “It is,” he says, “simply carrying the ext debi of good paper on interest upon the amailest ount of dead weight specie,” or, to quote another para- h, “it is im incurring tereatest amount of debt ou demand with the emailest amount of money }) to pay the same when demanded.’ The result of directed to suoh an object has been lately witness. ‘The rivalry of competing e-tablish mants accelerated process of weakening the foundations of credit and of Joading the superstructure. The city banks of New otk keep an account with the Bank of America, which la ly adjusted at the Clearing Houre. The balance meKed at thie institution forms the coliective vie reserve of the banks, and before the recent ite amount had been gradually diminishing. la 1837 specie held by all the banks was between a sixth and h part of the amount of their ligbilities. In June, 7, the specie was only sufficient to pay “ one doilar ia to moet eight doliars and eighty mine cente of imme ‘aud preesing demand loans.’ The “mutiny was ment, notwithstanding the abundance of the , and the failure of the Ohio Lite and Trust Company, bh business connections at New York aad of good it, wae the firat distinct muttering of the storm which ortook us."’ The country banks began ia the course of aotumn to demana the return of a portion of the secar| which they had been compelled by law to deposit e commencing business in the State Banking Depart The Superintendent naturally held that the claim a8 opposed to the spirit of the law; but it is consola- y to find that in New York, as in Kingland, the Legis e sometimes fails in expressing its intentions. The rts decided that the law required that the securities uid be deposited, but not that they should remain in onit. The provincial banks accordingly obtained a ary relief at the costof “fearfully aepleting the de. bosdis of those in the city; and this too of that sleepy and jet Kind, the most desirable and reliable in their poses The Superintendent attributes the catastrophe princi ly to the modern practice of paying interest on depo ; bot he also calle attention to the general increase of mury and expenditure, and especially toa remarkabie sliarity in the recent progress of New York. Between 840 and 1865 the population of the Stato had increassd po less than a million, but not a single agricultural istrict had shared in the inercase. Agricultural and al) rural forms of production must lave remained stationary, unless they have de. ined. The great expansion of the towne and MORNING EDITION—SATURDAY, FEBRUARY 20, 1858. for bauking Toéceimedasion. i rt J added hundreds of millions qt upon @ basis suflicient!: i Ser onccset Sodas of tate ob mn pr ac i ings ir own vdered unable to moot their d thet asthe. specie ‘of as the 6 reserve was course unequal ‘Uvided, some of the banks must necessarily have talon fer short of the average capacity to pay even one ninth of their liabilities m cash. A body of pendent institu. to maintain a collective reserve beyond the amount which ie be required by the Bank of Eng- dangers leposit system were aggravated by the practice of allowing interest on the balances due from one bank to apother. The reserves of the provincial banks in part consisted of the sums which they were com ied lee ye ng to meet their notes and other iabilities. e city banks, paying interest on these ba- Japces, were compelied to em; the amount in their own bdusiuess; consequently, two se parate operations of credit were based on the same limited capital. The = juent fi AD however, only an exaggerated form ich necessaril arises when bankers become borrowers as well as lend- erg. In prosperous times trade is stimulated by the com- ition of private savings with the capital ordinarily em- yed in commerce. Even when pressure is impending are compelied to remunerate thomsely: interest which they allow os for the to their customers. On the ar- rival of a crisis deposits are suddenly withdrawn, to the great inconvenience of trade, and to the ruin of specula- live bankers. The Rank Su; tendent of New York be- lieves ory the note Cae an ouare the recent suspension; but ir boginning of August “both banker and depositor commenced a mutual oe slaught—the one upen his line of loans and discounta, the other upon his bank deposits.” The unequal contest was decid in a few weeks. By the 10th of October the bad reduced their discounts by twenty millions of dollars, but they had paia away more than thirty mil- lions to their depositors. Three ngs aitecwar’ they sus- pended specie payments, although the circulation had only varied withsn narrow limits. One of the remedies proposed to the State Legislature may perhaps deserve conshieration by the committee of the House of Commovs. Mr. Cook recommends that all banks should be requiredjto keep a reserve of coin equel to twenty per cent on their av weekly deposits of all descript They would thus compelled either to allow themselves a wider margin of profit on deposits, or to decline the payment of interest to their customers. A further suggestion, perhaps, exceeds the ‘power of an Assembly or of Parl ent. To enact measures ‘in suc! language es shall place their construction beyond the reac of judicial decisions’’ is a natural but vain aspiration. It 38, perbaps, well for the interests of American jurispru- dence that courts of law impose some restriction on the eloquence of legislators; judges habitually assign to ever enactment the smallest possible meaning, and that whic is least consistent with its su; purpose; bat for this wholesome check Code ot New York might perhaps be orpamented, like the efficial documents of the State, with figurative allusions to ‘storms’ and ‘mutinica,”’ to “balances,” “flywheels,” and “nature.” Unfortunately, no rhetorical decoration can effectually conceal tue intrin- sic baldness and dryness of all disquisitions ou credit and currency. 8; and Mexico, {From the London Herald, Feb. 3.) When the question asked, nearly a year since, whether we were to ess a war between Spain and Mexico, a good deal of subdued mirth was created on bth continents, the eventuality seemed so ridiculous. Spain. A nation apparently in the imbecility of premature old age, indulged in the most magniloquent threats against a republic of its own progeny, lying far away across the ocean and the mountains, and in close proximity to an en- ergetic and powerful neighbor, who already upon Mexico as a certain juisition at no very distant day. The casus belli waz of slightest character. The real —_ of the Spanish ire were to be sought for, in fact, that excessive sensitiveness which grows in proportion az the substance of rer departs and leaves only the forms behind. Mexico, it must be confessed, showed lit- Ue reverence in the matter for its progenitors; but if Spain ‘was really strong enough to carry war into that republic she would have forg'ven the offence, and taken no notice of the disrespect manifested by the persoas who for the moment are supposed to wield authority in Mexico. What was the origin of this diepute which we now find so far subsided as to be referred to the good offices of Peropean mediation? Money. Avd here is the curious pomt, The character of the Spanish government as a debtor is tolerably well understood by the Spanish bond- holders; but this case conviess her of more than an un- willingnees to pay her debts. She ignores the great Christan maxim of doing as she would be done by. It is singular enough that a large amount of Mexican securities shculd be held by Spanish subjects, and these have turn- ‘ed out to be nearly of equal value with Spamish securities themsclves. Mexico is notoriously insolvent. It is, indeed, some years since she entered on the course of last resort, that of selling her territories to enable her to carry on, not the government of the republic, but those continuous civil wars, coups «lat, and revolutions, which have left her re she is, an easy prey ft the United Sta! Of course she did not find it convenient to pay her Spanish creditors, and your Don, who coos Rot cistrees binself about the paymeut of his own debts is marvellously touchy in his dignity asa creditor. Pe haps Mexico ptgvaricated a little. It is certain that s pleaded fraud % reference to the bonds—but thea that & legal and equitable plea; , t30, wanted to gain time. pecual is she merely Spanish en ion of these » compromise, ‘and powerful adminisiration at Madrid 10 nothing of the kind. They disavowed the act cf their pleuipetentiary. To embitter the difference an attack was made about that period, or a little before it, by some Mexican bandits upon a Spanieh hacienda, an! some of its occupants were murdered. We are convinced that the Mexican gov@?mment did what it could to capture the mountain bandits and bring them to punishment; but the power ofthe Mexican authorities being by a few shades lees than that of the Spanish government, which cannot always suppress brigandage upon its own high roads, it was found impossible to bring the murderers of the Spanish subjects to justice. Thereupon the government of ber most Catholié Majesty ave orders to equip a fleet to capture Vera Cruz, aud a tmilitary expedition was to be organized. For months and months politicians, whose studies had not been profound enough to enable them to understand the \mpossibiity of two such countries ag spain and Mexico going to war, were kept ia a restiess anxiety by the fantaronade of the Madrid press. Mexico morely sent a minister to Spain, Senor Lafragua, to ar- range the quarrel amicably; and, after considerable exer- tions aad expenditure of time, he seems to have made good the first step towards that end. “My august allies,” said Quecn Isabella. ip her recent speech to the Cortes, “the Emperor of the French and the Queen of Engiand, moved noble senuments, have offered me their me- diation, which I have willingly accepted, wishing to give @ new proof of the spirit of concHiation with which | am animated.” So aa eum none, The political condition, however, of Spain and Mex. ico presenta @ subject tor deeper refiection—a painful aub- ject in every respect, and got the least in that in which the policy of the ‘liberal’ school of English statesmen is implicated. Spain is one of the nations which lus been blessed, as the phrase is, with a consitutional form of government, altogether through the instrumen- tality English influence. Can the English people con template the result with composure and satisfaction’ Has government worked well in Spain? We [oenwemtery ullied and we intr gued—oay, we fought and speat Eng lish blood and treacure—to the present dynasty ou the throne of that country. Has it answered the expecta- tions that were formed’ Are the Spanish le bappy and contented, and neerene in intelli- gence and woalth’ Tias the régime w the Bri. tannic fashion aided Spain im regaining any portion of that lost indivence which «he at a former period exercised in European politics’ Never before was or the Spanish monarchy so degrade! in the eyes of the world as at the Present moment: never were ite sovereign and court so much despired, even among Span:ards themselves never Was its administration less «table, or ite finance and ma terial condition at a lower ebb. And yet the Iberian pe- ninsula posserses natural resources not surpassed by those of any country in Furope. Soil, climate, mineral eae position eminently favorable for commerce, exgeiient ports, and a people locile to indus try and cages for onterprise—with all this possible, what 8 epectacie does Spain prevent! Divieion, anarchy, and constantly imminent revolution. Have the doctrinaires of English constittional liberty their propagandism of forms of goverpment peculiar this teiand, nothing to answer for in this mateer? Could a Carliat sovereign and government of Spam, during the last twenty or thirty years, have reduced it to ite present condition Mexico was hopoders from the first, and the fate of those Spanish American republics since they throw off the do. minion of the mother country is an instractive commonta ry upon the sagacity of that eminently liberal <tatesman, George Cannitg, who was im such a hurry to recogaise their ind dence endence' With their history and actual condition before vs, whata blast of scorn seems to whistie through the word! Why, they are all in a fair way of being ewallowed tip—at least as far south as New Gra nd Mexico will be the first mouthfui. Their existenre is an increasing subject of jealousy between the two greatest Com mercial Powers of the world; and their history is one gf interual discord, anarchy, and revo lution. For the moment Comonfort is in dominant in Mexico, but who believes it possible for that leader to found a stable government’ No: it is not in the nature of things. Already has a large portion of Mexico beeome incorporated in the United States territory, and a few short years will complete the absorption. The experiment of free Spanish-American republics pene es it were—our own opinion is that nothing so mocest A an experiment was intended—is an utter failure, and the “manifest destiny” of those coun tries ie obvious, As to nish war against Mexico, lit be said \. If nothing lee, Cuba ay The French Empire, [From the Paris Monitewt, Jan, 29.) ‘The attempt of the 14th of January has had very dif ferent results to thore which uithors had hoped. Tt has only served to consolidate that which they wished to destroy. The universal borror which it has excited has been everywhere followed by the mast bril Kiant manifestations in support of the Rmperor and =the Fm . The le, the National Guard, the army, fd ‘ail clames of U hatioh have associated themeelyes with the great bodies of the State ip the ab ue of the same eentiments. We may say, leed, that the whole of Exrope partakes of b pr All the sovereigns have shown an sagerness end the most eminent personages of the'r courta to bear ibeir c to the Emperor and the Finyress. Cities, the most important by their commerce and thelr population, bave shown an eagerness not to remain behind; wnd that nothing should be wanting to complete this con- cord of manifestations, the press of every country nas ex- pressed the same judgment upon the crime aad upon 16 conrequences. Next to the evident protection which Pro- vidence has en to the lives of their Majesties, novhing can be at time more consoling and more reassuring er © pee eae a bad arros of a great nation rea we sove and profusel whim ‘and to his race testimonies the most wae a love and fidelity; for the manifestation of whieh the Emperor and Empress are every where the object are not addressed sole'y to the persons of their Majesties. They are adreas- ed to the dynasty as well ag to the Imperial ; they are addressed to that child of France, whose bo has deen proc’aimed even in the smallest hamlets as a pledge of security for the fnture of the country. “I Ttail the empire will be st:li contirmed even by my death, for the indignation of the people and of the army will then be ap adoitional support for the throne of my son.’ These memorabie words of the Emperor at the opening of the | ogislative session find their echo in all hearte—they find the same sentiment in every address, especially in those which emanate from the army. Faithful guardian of our institutions, the army, in its nobie fredom, <eclares tbat it bas not only taken the oath to the Emperor, but also to the empire, to the sonof the Emperor, and to his dynasty; and that it will continue to defend, as it defends to-day, the august chief who bag restored to it ite eagles and tts glory. ‘As Napoteon I. truly said, if he bad been his grand- fen, he would have resuscitated him againgeven at the foot of the Pyreaces. We know by whata brilliant mani- festation those Prophetic words have been realized. Not- withstanding the ume that elapsed since the fall of that inperial throne France has not been mistress of herself until it hastened to re-establish it and to seat upon is the heir of the Emperor. It is not exclusively in France that the Imperial throne reposes upon the public will. The whole of urope. which tome years ago was leagued together to overthrow it, sees in it today the most solid guarantee for its repose and prosperity. It has not waited the explosion of the last attempt to manifest its sentimente. The manner in which the Emperor has been received by al! classes of the populations in his visits to England ani Germany is an undeniable proof of this fact. In the face of such a concord of sovereigns and of peo- ples, what can demagogues do with their band of assas- sins? Do those who take up euch ferccious weapons think they can ever obtain the sympathies of France in their wicked endeavors to strike at the heart? The object of these foreign assassins is to overthrow ail order in France, with the view of revolutionizing Europe. If they could bave ever flattered themselves with such an illusion the effect produced by their st attempt must have opened their eyes. They ought .» be now convinced that order im France rests not upon one eingle head, however firm it may be; and the abettors of the crime, if ever they had sneceeded, would have only consolidated the empire; and they themselves would have been encountered in every civilized country, with naught but the public execration. ‘The Leviathan Afloat. From the London Post, Feb. 1.) The Lev: is at afloat. Yesterday, as if to give the lie as far as possible to tae carping and guibbling of amateur engiveers, the great ship rose substummtially from her cradles, buoyant on the bosom of the rising tide, and, majestically slow, moved from ber birthplace, emidat forges and foundries, to take her place on the opposite side of the river—no longer @ mere iron boiler of ship- sbape, but an actual living vessel. It was a prond thing ‘as the vessel moved from her ways, complet iy under command, to see the chairman, Mr. H. T. Hope, who bas loyaily upbeld the vast undertaking amidst so roany dia- conragements, sbaking hands on the veesel’s deck with Mr. Brunel, and heartily congratulating him on the final achievement of their long anticipated success. Mr. Brunel Limself took what he seemed to consider rather a result than a success as coolly as he has borne the igno- rant abuse which has beset , apd the iying ecies of failure so rife for some time past. Nos so the multitudinous assemblage around anc about the vessel, the shores on either side, and crowded upon the river in craft of every size and description. These, as soon as the motion of the vessel was perceptibie, greeted ber advent upon the wa- ters with vigorous shouts of welcome, every one present seoming to rejoice in the pr consummation of an ae which in daring has never been equalled, and i will hardly be surpassed. as generally expected that the ship would have toated and been secured at her on Saturday. Hitherto it had been the obstinacy and caprice of the Levi- athan, of which the publie in general and Mr. Brunel in particular, had to complain: buton Saturday it was the prudence and forethough of the captain of the ship which alone kept ber in ber position. The ship would have floated on Friday—she would have made ‘the world of waters” her home on Saturday if she had been per mitted to do so. So lively she been for some days’ past, that it had been necessary to pump som? fifteen hundred or two thousand tons of water jaw her bold to prevent her moving off with the tite. Mt three o'clock on Saturday morning gangs of workmen Were employed ip pumping out the water in the ship, and lightening { of ite watery burdes. Mr. Brune! and Captain Harrison, aud other engineers and officers o the , had taken up their quarters for the night in the yard, and lay down to rest under the full persuasion that 4 few more hours would see the end of their labors end anxieties. There was, however, one among the party who bad scanned the signs of the weather on the prev ous night, and who bas predicted & heavy gale and an unfa vorable wind, from certain meteorological phenomena which engi "8 had disregarded Captain Harri b. no means sanguine that the launch wou! and {ptimated as muck to Mr. Brunel, the + some other persons. Although set down as a ¢ 7 he nevertheless adhered to toe opinions which long pauti cal experience told him were correct, and at daylight on Satu ¢, just as he bad predicted, there was a the broadside of the ed that the pres- the wind on the surface of the sbip would exercise 8 force of considerable more than 100 tons. Captain Har ricoh was the man on whom the responsibility of the safety of the vesse! when afloat would rest, and he protested against any attempt to complete the launch while such a gale was blowing trom such a quarter. There was along consultation, Mr. Hope, the chairman of the company, and others, wore anxious to see the work finished; but the captain, not less anxious, was firm in bis resolve. At length the practical seaman carried bis point over engin- cork and anxious directors and the order wag given for strong gale blowing W.S.W. right « ship. the floating steam engine and the gangs ef mento et to work mimp in 3,600 tone of water to keep the ship from being foaten by the returning tide. ‘The heavy rain which fell on Saturday night had a bene- ficial effect in changing the direction of the wind, and yeater- day morning the weather broke fair, and the wind was ever, that could be desired. Harly in the morning the auxiliary steam engine on board got up her steam and set to work pumping the water out of the com) ont, the monster spurting it out of her sides and trough her paddle wheels, lke some huge stranded whale blowing out its columns of water. The hydraulic to work, and the great bulk, without much difficulty, was pushed Jown some eight oF ten feet to the end of her ‘ways; and at a quarter to 2 o’elock, as the tide was run- ning up, Mr. Brunel anvouneed the welcome news rhe was afloat. Up went the repo ee | most funne!, the Union Jack at the stern, for the first time the Leviathan had the right to be called “a ship.”’ Then forth a cheer from of workmen, trom axsembled thousands on each side of the river, which one would bave thought must have been heartily weloome to Mr. Brunel. Not so, however; Vie engineer Lawled out through his crowds to “ the big ship hed but - a ae we to manage as been, and it was only when they had grown somewhat hoarse that voices sub were set most important ehoula be For upwards of an hour tention of Copa. fettere and cl been Leviathan, aud ¢ y the bad slumbered. part of the aft cradle on the river side came Foy A em masec, and wae towed toa dis tance by one of the (eet of tu steamere in attendance on the stip. On the land side timbers of theae cradles parted from each other, The breaking up of the cradles presented ove of the most striking features of the proceed ings of fhe day. As soon as the weight of the sip was ary off the Himbers, the heads of which mere kept down the water by the pressure, each massive baulk floated by ite own buoyancy, and rose in some cases thiry or thirty-five feet, and then over with a tremen- dous splash. Sometimes the maasive timbers shot in groupe of twos aod threes, which sported awhile the ‘wreck around them, as Lowe they were rejoiced to be rid of the iron monster whieh had so long weighed them down, while others rose up timidly, as it were, peered curiourly around, and then oate't away. Stand ng on the deck of the huge ship, towering high above the dwarfed looking craf in the river, and over- ook ing bait of the metropetia, the river dotted with hun reds of wherry boats, and the tag steamers swarming around fhe ship, throwing up their clouds of dark black emoke, @ scene of extraordinary excitement was pre rented to the observer. Then far and wide, borne on the air, came the sound of chimes and belle of churches and chapels, and thtn the falling and clank of chains, which one by one were loosed and fell away from giddy heights around the ship; there was the noise of rdere conveyed by the stentorian lange of Captmin Harri son, Magnified a hundred-fold through the speaking trum pete. then Mr. Prowse, the ehief officer, echoed in a voice of thooder come unintellgible words of command, and a bundred men ruebed instinctively to fulfil it, some glidi vown chains and ropes with a contempt for neck limb which made the blood run cold, some armed with sledges and hammers such as Vulcan might have wielded. A barge, which Aad some of the hauling appara: tne on board, got entanglel in the star! Idle- wheel of the hip almost immediately after was aflost mech od rather juterfered with ber himself with an il a and jumping a e side of the ‘ee, let m the Go ahead,” now shouts the captain, the steam tugs strain, the hawsers grow rigid as the ship once more moves, the old familar » was her birth place recedes im- perceptibly i with the slowest possible progress— only seen by watching intently the @pires and tall chim Heys ow shore, or the motionless masts ef the shipping afloat, the centre of the river is gained. From this point one hundred men work the tremendous capetans at the fore, and haul the ship to her —s steamers, low re down to the water's odlge with their freight of passen- gers, cheer lustaly; the people on deck give a returning shout; Brune! is complimented again and again; Ca Harrison is congratulated; Mr. Yatee, the secretary, smiling; Mr. Hope, the chairman, appears anim ; prow peois af dividenbe brighten the faces afew onthe the post sbareboldere; Trotman’s faco beams with a refulgept stile, as they make the good ship fast to hw ap yelding anchors; Howlett bas taken his last mt photograph on board the ship, with a of the chairman of the omeeey. - foreground; Hoobs is a8 happy as though be picked the moet intricate lock in Christendom, there is @ genera) staki of bands ail round, and, thanke to that able commiss . Trot. man, & leviatban round of beef and the contents of a well assorted hamoper afford & grateful and welcctie opportu- nity of making the first meal in the big ship, which, though it be, ‘# not beneath the notice of the Mar- quis of Stafford, Lord Dufferin, Mr. C. E, Biowari, of the London and Nerth Western Railway, and other persons of note, whose interest in she undertaking bas attracted them to Millwall. The ship now lies #& her moorings, just her own length from the, spot on which she was built, in 19 feet at iow water, slough she drawe at pencet oly 14 feet by the bows, and 16 feet 6 inches by the stern. The Leviah’an will probably remain at ber moorings for three months, while com} ber interior and other fittings, and during @ portion of ih‘s time it ia expected the ag wili be admitted, under certain reguiations, to view ir. Fashions for February. (Prom Le Follet | As might have been pect the reign of the burnou for although it is still much wofn. is popronchiny ite close, Re . a is is frequently replaced by an clegant casaque, with fur or lace, or by a small embroidered shaw!, trimmed with lace. We bave in our late numbers given so fult a description of these out-of door garments that we will DOW at Once pass On to notice walking and ball dresses. which at this season are 40 much in demand. With regard to materials for the former, satin and other rich fabrics sre more in favor than soft silks, and are frequently made without apy other ornament than their own rich afford, For evening dress, plain or embroidered musing are in great favor. especially for young ladies, as also are organdis, embroidered in colors either in spots or very small flowers. White and colored tariatanes still retain their place of high favor for demi-toilette. What can be prettier, ply hemmed; the uppel trimmed al] round with ends of black velvet ribbon, rather more than an inch wide ; the body gathered @ la vierge, and ornamented with only @ velvet sash ; the sleeves very full, caught up just above the elbow by the rows of narrow velvet, with bows and long ends? Another elegant toileite may be made of white tarla- tane, with three skirts, each ornamented with five narrow gauffered and scalloped flounces, put on, not straight, but waved. A very ight wreath of greem leaves and red fruit might be placed across the upper skirt, and another to match arranged in the hair. At @ very distingue re-union we observed a great many very elegaptand becoming dresses. One was of tulle illusion, with three jong skirts gathered up at inter- vale in festoons, with delicate pink wreaths. The body was pointed and the berthe matched the skirts. Another was of black tulle, aay @ buttercup-colored slip. The tulle skirt was in fullnesses from the hem to the knee, ‘by ruches of silk the color of the slip, cut in points. berthe was bl lace, sur. mounted by asilk ruche. The headdress was composed of ends of black colored velvet, Aricher and drevs was of white taffetas, with «double skirt, each aera by a triple chicoree of pale lilac pinked erepe. e body was slightly pointed, and nished at the waist in front by @ bow with long ends. On the uy art wae a drapery of crepe, aaraaged in large folds. The headdress was a cacke-peigne of lilac aud white lilac. One of the most clegant was arobe of pink moire an- tique, with a double skirt, the upper oue edged with a wreath of very emal! roses and entiroly coverod by @ Diack lace tanic. On the low body was a berthe of moire, edged with flowers, and covered by black lace mat:h the skirt, with bouquets on the shoulders, and in front 4 coro net of smaii roses formed the ooiffure, This, if possible, wae surpassed by a dress of tulle illu sion, with five hemmed skirts over white satin. The low body was ornamented by an empress wreath of ivy, ending in long ‘on one sid@ and raising t sires The headdress wes long tulle barbos, separated cache of ivy. ee pd nay Bl was of mauve taffetas, with four ‘ounces covered with point ca and sure mounted with a wreath of very small marabouts, On the lower body was a berthe of taffetas, covered with lace. ‘This was rounded behind, and formes revers in front. A very delicate trimming of marabouts surrounded the top, apd was finished in front in @ sinall tuft. Two rows of this same trimming across the hair, with emall bunches oa either side, composed the headdress. Another was of white Io fey with iia y was acocrupanied by revers, which, indeed, were only 4 continuavon of the quilles, the «wmecher being formed of tulle bouiliones. The coiffure was composed of red berries, placed quite at the back of the head, aud so delicate as to resemble a network. Two very distuguished foreign visiters were very elegantly dreesed. One had a dress 0 sk noir antique, witha doub.e skirt; the upper one edged with ruche a la vieille, of wide blue and asilver r covered by @ tunic of point ¢’Alencon. sleeves, trimmed with ruches and lace. The was pointed, and trimmed in front with a bow of blu the ends of which reached th orekirt. The headdress was formot of two bends of narrow blue and silver, hold by a tuft of blue marabouts spottea with silver. The other ant Younger Visiter was dres a xreen moire antique c , the same color as th tlounces ver ribbon bottom of the up 3. Th by a passemenierie © on the lace. On the low bo fastened by tase wi was a berthe of The hair was dressed ings of beads. house this elegant sasemblage m@ wore ® wiite satin dress, with a plain skirt, trimmed en tablier with frills of Euglish lace, fastened at the sites by agrafos of peries. Over this skirt was another of butter cup colored moire antique, open in front, and surrounded by # frill of Engli«h iace, surmounted by a rich embroide ry in perles. fhe low body was of the same material as the open skirt, with a lace berthe fastened on the shoul ders, and in front by agrafes, to match those om the satin skirt. The sleeves were very short, and hid under the berthe, The headdress, which was both La ay ant graceful, was formed by perles plaited in with the hur, ‘and hanging ornaments on each side. A very young and charming lady was dressed ina robe of tulle, with four double tulle skirts, the first wad third white, the wecond and fourth pink, which had a very good effect. The low body waa folded and ornamented by an emprets wreath of pink and white snewdrops, reaching nearly to the bottom of the skirt, where it inwhed ina rich agrafe of flowers. A cache-peigne of pink and white snowdrope formed a very suitable corffure. Our attention may now be given to the description of several walking dresses, First of all, we notice one of sapphire blue taffetaa, the skirt covered by eloven narrow flounces ed, with very narrow guipure. A band of black velvet, nearly six inches wide at the bottom and two inches at the top, was placed over each seam, partly ring the flounces, and edged on each side with narrow Pagel ‘The body was high, and trimmed on the front and ap to the height of alow body, with five frills, edged with guipure finiahed on the sides. A v trimmed with gu . This would be dressy made in black taffetas, but atill very elegant. With it was worn a baequine of black velvet, reaching nearly to the bottom of the dress, trimmed round with a broad guipure pasee- menteric, the im medallions, decreas.ng in tize towards the waist in front. Excessively full bishop sleeves completed this handsome and comfortable baa- quine; these were ornamented with medaltions in cuipure The bonnet was blue velvet, the Mary Stuart shape, with a fanchion of velvet, trimmed, as was the curtain, with wide guipure. A demi fail of the same lace waa fastened roond the front edge of the bonnet. The two following dresses have fashionable bruncte. The first was Tours, with a double skirt, the top one trimmed with two founces simply hemmed. This dress war quite pla nin the front, that is to say, the plaiting commenced under the arms. On each side of the front breadth were arranged losenges of ruby velvet mimed with tassels. Tho bodyfwas fastened by taseel buttons, and trimmed with ruby velvet losenges. The sleeves were open and in large flat plaite, ornamented with losenges of velvet, commencing at the eboulder and increasing in size towards (bo botwom of the sleeve. Over this wes a velvet shawl, The bonnet wae white royal velvet, the front and curtain being edged with ruby velvet. Round the crown was a wide biais of rnby velvet, finished on one side by a double coque, with long ends, and on the other side by a tuft of tassels. ‘The second was emerald green moire antique, with wide quilles of black velvet eee ‘With jet tassels. On the front of the body was a stomacher of black velvet, also ej with jet tassels, forming a waistcoat, This body small basques reaching only to the quilles, and forming a double point in front. The basques and points were edgec with jet tassels. The sleeves were ex cessively ui with velvet revers trimmed with tassels vith this drome was worn a ue of black velvet, trimmed with fur, and a fur berthe “the bonnet was white velvet, with a jhaded green feather placed round the front edge. The curtain was edged with green velvet, and covered with a broad bionde. A blonde to match was fastened round the front. A bandsome black sa'in drest was meade with a double skirt, The body was plain, and without basques, forming ‘a slight point in froot. tleeve was wide and open, showing the undersieeve, which was tight, with a emall reverse cuff, trimmed with a ruche, A Ia vielle. The inside exige of the open sleeve was aivo trimmed with a ruche to maten, and lined with white moire, The collar, cuffs and Jabot were of point d’Aleacon. A Burnons of black velvet, trimmed with the sibeline marten, now 80 fashionable, hewsy mong by) recherché toilet. Another was a dress in broad stripes—violet and black. ‘The violet wae moire, and the black eatin. The skirt was double; the upper one ornamented with a deep chenille fringe. The body was high, without basque. The Raphael berthe and jockey were formed of chenille fringe, to match that on the skirt. Over this was a shaw! of velvet, embroidered, and trimmed with a broad guipure, mixed with jet beads. The bonnet was biack velvet, with a scart of violet velvet finished with a fringe. The curtain was edged with a Dias of violet velvet. A very elegant dress was of emerald green, embossed with medallions of black velvet woven in the material ‘The skirt was almost plain. We eay almost plain, be cause on each side of the front breadth was a quille of stamped velyet of the same pattern as the medallions in been worn by a iron gray groe do the drese. The high body wae open en ceur half the height, and trimmed round with stamped velvet. A double bouillon, witha frill cot square and trimmed with velvet t# match that on the body. Diack velvet, trimmedwith chinchil has been for some time The burnous was This is fur which but little worn, but is now adopted by several fashionable ladies. The bonnet wae white regal velvet, With a crown of green velvet. PRICE TWO CENTs. A very simple yet pretty drees of silver gray; the skirt ornamented dy three deep tiounces, edged with a broad Brandobonres of blue, velvst, fringed atthe end Tho brand ue velvet, fring ends, Tho casaque was long—made of back velvet, trimmed with for, The bewmet was white, quilted with a bead in each #quaro, Ormamented with a Dive tearher on the ride, ‘We saw «charming robe de chambre, of brown sitk, ned with plusn of the same color. Tho shape of this dress wae very graceful in the front. The body and tkirt were without join at the waist; but from the seam ‘uncer the arm it was set im very large round piaits. A berthe of brown plush, pointed in front, and at the back falling like a small cape. The dress open in front and ined with . A pretty little cap, of Eng ish lace, trinmed wi bt dine ribbon. Collar and cuffs of ine quilting, with black velvet shoes trimmed with rosettes, completed this charming tollette. A white enchemire dress was lined with white silk, wad- ded apd quilted. Down the front, and round the s! and pelerine, a biais fold of plaid silk. Saah and bow at tho throat of plaid ribbon. The front breadth of the un- der skirt trimmed with amall tucks and rows of Vaien- ciennes lace. Sleeves and collar of embroidered cambric, trimmed with Valenciennes lace. Plaid slippers, trimmed with ruches of ribbon. Bonnets are worn decidedly larger than they were in the summer. The Mary Stuart is, without doubt, the fa. vorite. They are stil! much made in two colore, which, when well cl , have a pleasing effect. [ace is much used in the trimmings, and the strings are worn very wide, rounded at the ends, and edged either with taffetas of another color, velvet or narrow bionde. Amongst the newest bonnets we have seen, was one of black velvet, trimmed on one sidé with long Scotch heath, and on the other with a barbe of lace, placed bask, and falling over the curtain. In the capa double bow, with- out ends, of plaid velvet, trimmed with black lace. "Black velvet strings, edged with plaid. Another was edj with light blue velvet, the front being made of quilled blonde, raised at each side by a chicoree of blue velvet; the crown, formed of four rows of velvet about two inches wide, edged with blonde, and crossed ono over the other, and falling in long ends over the curtain. Wide strings of velvet edged with blonde. The third wasa@ quilted satin bonnet of two shades, trimmed with a superb fanchon of black lace. Bandeau plaited acroes the front, terminating on one side in a long end trimmed with lace, and fastened with a jet buckle; on the other side a bunch of small pink roses. Evening coiffures have lately engaged much of the at- tention offour modistes. The beret kes ‘again made its ap- ance, und is certainly very becoming to some faces. ‘@ we will describe two from among those we saw. The first was made of pink velvet, surrounded with torsade of the same color, trimmed’ with maraboute, jonger on the right side, and on the left mixed with ends of velvet. The other was made with a resille of jet. On the right side a long bow of black velvet, and on the left asilk fringe. Under the brim, bunches of roses of two colore. ‘Another style of coiffure, very elegant, was a blonde crown, under which was plased @ wreath of leaves. in the middle of the blonde was placed a velvet dahlia, of two shades of green, and on each side fel! long grass mixed with heath and red berries. One, in asimilar style, we admired very much. The crown was of cerise velyet, covered with a blonde in deep scallops, showing the velvet between. A plait of velvet acroes the head, and bunches of sorbier ana leaves falling gracefully on one sive; and on the other a bow of cerise velvet mixed with blonde. The coiffures of flowers are principally made round; ‘Dut as this style does not suit ail faces it ia by no means wnivereal. Gold, eilversnd pearls aro much used, with flowers, Uppolished amber is almost as my used in headdresees as coral, and with charming taste. We have seen vock, coral and balls of amber mixed with flowers and leaves. Thus, garlands of white azaleas mixed with branches of coral; and balis of amber with pink tulips. Jt is imposaibie to give our readers any just idea of the perfection at which some of our lorwts have arrived, not ov!y in the form but also in the arrangsment of flowers. ‘Those most in favor just pow are the elder-flowers, jos- me, mycsots, dabija, whit lilac, pink heath, camelias, and henrt’s-ease. Sometimes the wreath 1s composed entirely of one kind of flower, mixed with coral, amber, or taseels ct or silver; others, of various flowers. Thus, white, lilac, pink » and cametias, of various shades; or Jasmine, m sand beart’s ease. Barbes of bionde or lace are much worn, mixed with velvet or ribbena; and long are as moch worn os feathers in full drees. Financial News. (From the London Globe, Feb. 2.) Notwithstanding the of the 4th of the mouth there is ne perceptible alteration in the demand for dis- count, and the tendency im the rates charged for accom- merlation is steadily to deciwme. With an increasing 2 per of teas, and a inqairy, the terms bill brokers and others are willing to accept are not governed by the minimum, which no longer caa be con. sidered the index of the money market; nor will any change occur in this respect until such time as trade shall bave recovered from the paralysing iatluence of the re. cent erivis. Some months must elapse before prosperity restored, and in the meanwhile, although new und ialings and extensive investments will absorb a iarge aggregate amount, a continuance of ease may be wieted upon, The same features are appar. ent in the United States and on the Continent One extreme has been quickly followed by the other, but ‘he transition has been atthe expense of commercial credit, which, perhaps, never in the history of trade has re: ceived such a violent shock. The same revutsion having taken place in all the prineipal centres of commerce, & temporary cheek has becn given tw mercantile progross, and ine frection the operations eilected from diay to cay show a remarkable rednevioa when compared with thoee of the corresponding period of Inst year. For the present, nnd for some time to come, however, there will be a certain Ceyree Of consomtion in krow og tat Wans actions, although eo much circumscribed, are of a legiti- mate character, based on a sure foundation with speculativeenterprise. After such a posure, the accommodation syatem will be shunged a} P t comparatively fow would be bold enough to at- tempt a carcer such as that which hes led to the failure of numerous mercantile establishments duriog jast three months. Even if they were inclined to ao 80. it may be questioned whether the opposition which the banks and discount firms would manifest would not wholly frustrate their endeavors. In this way trade will be kept healthy, and when the chief markets of export— viv., in India, Australia and Amorica—become more ac- live, & general improvement in business will ensue, The progress of monetary affairs now exerts comy tively lithe influence upon the current values of the funds, but fe the terme decline prices will probably advance, unless political events occur to impose @ check. Some anxiety is felt respecting the earlier proceedings in Varliament in connection with India and the ex; loan, and this pre vents increased buoyancy. At the same time, however, a8 nothing of an unfavorable character is antisipated, the quotations remain very firm. Courols this morning have been at an advance of 34 per cent, viz., 964% @ 06% for transfer, and 95%, 4 46% for the 4th of ‘March, The new boomy per conte are 055, 496%, and the redueed #5), « o Me THE LATEST NEWS. Livexroot, Feb. 8, 1861 The Brazil mail steamer reached Southampty to da! The dates from Rio are not telegraphed. Coffee was dull and nominal, The stock was large. Freights and trado were generally dull LATEST MARKET REPORT. Liveeroo:, Feb. 3—1 1 M. Breavercrrs of all kinds very dull, and no business Pressing. Provisions without change Contox.—The market is firmer. Prices steady bie sales for the day 6,000 to 7,000 bales. RICHARDSON, SPENCE & ©9. Losvoy , Feb. 3—Noon. and for acount, 954 & Probe Consols for money, 9534 a 95) 965, Cty Intelligence. SOWETHING OF A SNOW Storm —Yestorday the city was visited with the nearest approach to « snow storm wo have had this season. It commenced pretty well, but lagged at noon, and then commenced in the afternoon with great fury. At this time it really looked as though wa were about to have an old fashioned winter snow storm. and the fast young people of both sexes were fell themselves on the prospect of a sleigning carnival, all ite accompany ments of turnoate ov the avenues, court ng ‘and riding, bu‘talo skins, whiskey rkine, and fun gene. rally. Inthe afternoon afew ventaresome brought out their sleighs, bateven Broadway was found a hard road to travel, and the a‘fair wae a failure. About dusk the snow ceased falling and « fine hail eet in, and the Jast night wae that the enow water—in fact, what they call in snow,” which i¢ apt to dissolve in ever leaves the city in a most fithy debris will be with us fora week at horees in Broadway had to suffer yesterday. mates that at least two hundred slipped oa and the drivers were at length Ned to tw side streets. The Kues pavemont = ea Tur Terkist Visrrena. —The committee ov the reception of Rear Admiral Mahommed Pacha looked as if they were a little disappointed yesterday. A few of them got to gether and su reasons why the Admiral was not a pessenger by the Baltic, but agreed, by way of consola ticn, that they may feel certain of bis presence in the city when the Africa arrives. The Africa will arrive here probably about Tuesday next, when doubtless the com mittee will be afforded an lanity of extending their bospitaltties to the Admiral and his suite. The committee reckons on the presence of the Seventh regiment at the disembarkation, bat cannot be fully certain on that point until they have another intorview with the oMoors of that corpe Martive oF Decoraters asp Paver Hasonns,—A meeting of the members of this trade took plave last evening, at the Upion Shares, 61 Rowe street. Joseph Yates was una nimously elected to the chair. He stated that the meeting was called in order that sii the members of the trade might be afforded an nity of becoming members of an association which is to be formed for the protection of standard prices of in the trade@g Several of those present then enrotied their names as m@mbers of the new aseociation, and an adjournment took place unt!l Monday evening next. st some years; for the lessom has been so instructive | THE ADMISSION OF KANSAS The Report of the Majority of the Senate Committee on Territories. PRESENTED TO THE SENATE FEB. 18, 1658, The Committee on Territories, to whom was referred the message of the President, communicating a conetitation for Kansas asa State, adopted by the Convention which met at Lecompton, on Monday, the 4th of September, 1867, having had the same under consideration, instruct ed Senator Green to report: — By the treaty with France, made on the 30th day of April, 1803, known as the J ouisinna treaty, Kansas wae acquired, with a special stipulation for the protection of the rights of the inbabitants, anc for the admission of such ‘States as might be formed out of that Territory into the Union on an equal footing with the original states. This solemn treaty obli m has been heretofore fi observed, and the States of Louisiana, Miasouri, Arkansas, and Iowa have been respectively admitted into the Union; and another part of the Territory acquired under thay treaty, included in tne propoeed State of Minnesota, is now about to be likewise admitted. Kansas has the came right to expect the same treatment Uhe fulliiment of sacred treaty obligations, made with one of the fret powers of In view of those obligations, and in strict conformity with the uniform practice of the government in fulfilment. thereof, citizens of the United States have settled in Kan sas, under the just expectation of having & Siats organiza. tion, And to — the people and enable them wo prepare for such an organization, Congress, on the S0th day of May, 1854, passed an uct creating a government for that Territory. That act, follor up the constant practice of the filiment of the treaty with bib ca government, and in contemplates @ change of its form into that of a State, for admission into the Union. Under the act of Congress aforesaid a regular Territe- rial government was organized, and the people of the bi | were thereby constituted a political commu 4 with full powers of government, subordinate only to the constitution of the United States, and proceeded to pass laws for the protection of persons and property, the va- Ndity of which cannot now be called in question. Soon after the Territorial government went inte opera- tion, a party of disaffected persons formed combinations to resist the laws and to set at defiance both the Territorial and United States governments. To that end they proceeded to form an organization; and, altbongh the population at that time amounted to lesa than twenty-five thousand inhabitants in the entire Terri- tory, and they constitating @ small minority of that num- 7, yet, in order to resist the legal authorities under the color ‘of ‘law, got up an illegai assembly at Topeka, and actually pretended to organize a State government; apd this, too, without @ Congressional enabling ect—without the assent of the Territorial | egislature—w ithout a vote of the peopie authorizing the clection of a Convention; but in disregard of all. That same party has been persistent in its iegal efforts to maintain its own organization in viola- tion of law, and to defeat and prevent the operation of all laws and the settlement of all questions affecting the peace of Kansas, To accomplish its enas they concocted and effected @ secret military orgenizvation of their malcontents, pledged to rest the ow authorities and actually recewed Sharpe's rifles and other erms and munitions of war, whieh were sent out from Marsachussetts and other states by the #0 called Fmigrant Aid Societies, W enable them to maintain their forcible resistance to lawful authority. These societies bad previously sent out the worst part of the ——- population of Kansas for the professed and avowed object of excinding slavery from the Territory. That attempt seus joatly regarded as offensive to the Southern States. The people of the United States, through their represonta- tives in Congress, established the principle of strict non- intervention on the subject of slavery in the Territories and States. The Supreme Court subsequently sustained, by a solemn decision, the same principle. Therefore, for States, or societies chartered by States or any other combinations ,fto undertake to effect an ob- ject that Congress, the Supreme Courtand the American people bad pronounced against, must, of necessity, have proved obnoxious. The action of these societies, in conjunction with their affliated organizations in the Territory of Kansas, created A general commotion throughout the country, a8 waa to have been ex] \. Charges and complaints were made on both sides, and the whole subject was sub-equently brought before Oap- avers for censideration. The matter wae fulty guted, and the ular, legal Territorial government was completely, and endorsed. Every department of the feceral government in which this question has been considered bas pronounced the same judgment in favor of the Territorial authorities, and ayainet the party resisting its Laws. rt was made in the Senate on this subject by Mr. the chairman of the committee charge’ wi the jon, in which be says -— {the Kansor Nebraska act was atrencon thought wt vite deprive tte oppoattio set unavailing in the hails of Congress and under the coraiitition combiastions were tmandt Union to control domestic in 6 through of th me of te {legal authority, a: cured from the Legtala when» iveorporation wns pee Of the State of Massecbunetts, heir charter te enters ® Territory rol the arauly aettio ailite poWer to 1 tines of of foartis import with the £xed py ¥ ant Tt in a well anttlet titutione| law in this country, that while all 6 Union are "init land, ‘or any other foreign ae Indeed, every State of thi Union is under higher obligations t> observe & iriendly forbrarance and generous comity towards emeb other mem ey than the laws of gations can impose foreign State: Tf our obligan ‘ing under the law of nations, are so imperative as to make ti onr duty to enact neutrality iawe, ‘ana to exert the whole rand authority of the executive branch of the government, Including the army and navy, te enforce them ip restraining our citizens from “ring with the int rn can the oft[cations of nion be loss HMperauve, ve Ap eMtire fy wirality sof the several States These extracts prove the character of the resisting par- ty in Kanes, and illustrate ite parposes from the - Bing to the present time; while the report also fully sua- tains the regular, legal government, as before stated. Under these circumstances, and in this condition of affairs, and with these express recognitions, the regular, Territorial government coutinued to progress, and population comtinued to increase, until it was believed the time had arrived for admission ipto the Union, in secord- ance with the provisions of the Louisiana treaty, the ani- form practice of government, the provistous of the organic act, and the just expectations of the people. On the — day of July, 1865, the regular Legislature of the Territory passed an net to take the sense of the people on the subject of forming a State government, ory to admiasion into the Union The election was eld, aad a ma- jority voted in faver of having a Convention to aloe a constitation—indeed, the vote wag almost unanimous. In pareuance of which vot wh Territorial! Legiiature, on the 1%tb day of February. 1567, passed a law tor taking the census of the people, (ur making a regitry of the voters and for the election of delegates to the Convention. ‘This law is admitted to have been enacted by lawful authority, and to be reguiar, fair and just in its provi sions. Mr. Geary, then Goveru dill calling the Convention, for wh reason tht i require the constitution, when framed, to be aul 8 vote of tbe people for adoption or rejection. The bill, how jas reconsidered in each House and passed by a twothirds vote ever the veto of the Governor, and thus became a binding law in the Ter- ritory ‘The Legisiature, no doubt, considered it a solema duty to leave the people of the Territory perfectly fres, through their own delegates in convention assembled, to form and adopt their own constitution in their own ; and bene did not undertake to dictate any singie act be performed Lo tbe people's repreentatives, whose authority on such matters was greater than that of the Legi-latore. If the Log®lature could direct the Conven tion what they should ao on one subject, !t might, with equal propriety, have giv: ir sab. jects. Thie would have jolation of all rules of rigit and of justice to # apt At the preceding election the people had directed the Legislature to pass @ law calling aconvention of delegates, tobe elected by the He, for the: of adopting a constity ; and if the Legielature had gone beyond the performance of that ministerial act, which the people re- quired, it would have been justly regarded as a violation of the people's rights, end an altempt to coerce the con- vention, which people were about to elect to reflect their own will, The republican institations of the United States are all baeed upon the representative . In- stead of meeting in person. as did the people of Athens, in large tomultnous assembinges, where no certain decision on anything could be bad. and where Ii iteelt ultimately lost, the people of the several of wer happy Union bave choren rather to di muthority to representatives, who shold act for, and io the name and behalt of the people, in public politics: matters, either, in making constitutions or ia the pa eoge of jaws for the regulations and government Of seciety. The principle i¢ obsereed im all our instita- tions, State and federal, and thos far in our hi hae proved fanhful and «fh the own larger cities. ciple or the persobal association in better system, it is not for the committee to decide, sufficient if either one be adopted and pursued by people, ae in tite case of Kavras, and the selection