The New York Herald Newspaper, March 30, 1858, Page 6

4 6 —-——— NEW YORK HERALD.) JAMES GORDON BENNEKTT, EDITOR AND PROPRIETOR. FICE X. W. CORNER OF FULTON AND NASSAU BTS. Fae TUILY HERALD, to cont por copy, 9 per erm, THR WEEKLY HERALD. Poort ~tm ‘ad wi conte por Sarese eceBrtine to any part the Boniont bth | FUE FAMILY HERALD, every Wednesday, at four cents por We NOTICE taken of anonymous correspondence. We do not THOU PRINTING executed with neatness, cheapness and des: PAD VERTISEM ENTS renewed every adnertisements in- eerted én the Weexty Henatp, Pamiry Henarp, and in the ‘and Buropean Bxittions. AMUSEMENTS THIS EVENING. ACADEMY OF MUSIC, Fourteenth st.—Sacrmp Onaro- gio— ium Massian. BROADWAY THEATRE, Broadway—Fquasrzun Ex- wRCUsEs—BYECTACLE OF CLNDERILLA. NIBLO’S GARDEN, Broadway—Fers Cuaursraa—F.0- ma amp Zi '& —Bianco. BOWERY THEA‘ Bowery—T! F. — Fe ns ra ‘TRE, ery—Tunes Fast Max. BURTOs'S THEATRE, Broadway, opposite Bond atreet— ‘Tus Momxons—Srogts OF ATLAS, BY THE BRotusRs Hurcu- unsos—Wanten, 4 Barry Faun. WALLACK’S THEATRE, Broadway—Jussis Buows, O% tux Baur or Locknow—Bive Baie. LAURA KERNE’S THEATRE, Brosdway—Tus Poor SevoLisme—Tue ELves, BAXNUM'S AMERICAN MUSEUM, Broadway—Afternooa and Evening:—Tus Bxips or 1x Evening. WOOD'S BUILDINGS, 661 and 663 Broadway—Georcs @uxisrr & Woop's Mixstaxis—Tue Sumicm Rive. AALL, 472 Broa¢dway—Brrary’s MinstRsis MECHANICS —Bruoriak Somgs—Kscarep CHINAMEN. MOZART TIALL, 663 Broadway—Pavi Jouien's Fare ‘wait Concert. BROOKLYN ATHEN &UM, Brooklyn—Prorowrat Tuwvs. TRATION OF KANE'S ADVENVURES IN THE Anetic Recrows J TRIPLE SHEET. New York, Tucsdry, March 30, 1858. HAILS FOR EUROPE, The New York Herald--Edition for Europe. The Cunard mail steamship Arabia, Capt. Stone, will feave this port to-morrow, at 9A. M., for Liverpool. ‘The European mails will close in this city to-morrow at half past seven o'clock A. M , to morrow. ‘The European edition of the HeRatp, printed in French and English, will be published at seven o'clock in the morning. Single copies, in wrappers, six conte. Subscriptions and edvertisements for any edition of the New Yous Henin will de received at the following places tn Earope:— +. Samson Low, Son & Co., 47 Ludgate hill. Am.-European Fxprees Co. ,51 King William st. Am Express Co.,8 Place de la Bourse .Am.-European Express Co., 9 Chapel street, R. Stuart, 10 Fxchange street, § Havas... .Am.-European Exp-cas Co., 21 Rue Corneitie, The contents of the European edition of the Hrrarp will combing the news received by mail and telegraph at the office during the previous week, and uy to the hour of publication. ‘The News. ‘The mails of the Niagara reached this city from Boston yesterday morning. ur telegraphic des patches from Halifax contained the chief points of the news, but our European files contain some inter- esting intelligence in addition, which we publish this morning. The most important matter is a transla- tion of a pamphlet on the Anglo-French alliance, said to have emanated from the Emperor Napoleon himself. Our Paris correspondent details the tyran- nical measures of police surveillance which are being rigidly prosecuted under the direction of the Emperor. The letter contains many interesting items concerning local matters, the insurrectionary movements, and the state of feeling among the peo- ple. Our London letter will be found to contain some facts concerning the British Bank Directors, the discovery of supposed revolutionary pamphlets, and a collection of musical and dramatic items, all of which are interesting to the general reader. The Postmaster General of England having officially an- nounced the discontinuance of the trips of the Col- lins mail steamers, the London papers generally sympathize with the proprietors of the line, but do not hesitate to recommend their own people to avail themselves of the event as a means of securing a supremacy in the steam navigation of the Atlantic ocean. The steamship Northern Light arrived at this port yesterday morning from Aspinwall, with six hun- dred and fifteen California passengers, treasure, and Iste advices from New Granada, the South Pacific | and West Coast of Mexico. The Northern Light left Aspinwall on the 2ist inst. General Santa Anna had taken bis departure from Carthagena in the British mail steamer for St. Thomas, en route to Vera Cruz. ‘The news from the South Pacific is dated at Val- paraiso Ist and Callao 12th inst. The United States steam frigates Merrimac and Saranac and sloop-of- war Vandalia were at Valparaiso on the ist. The two first named vessels were about to leave for Cal- lao. A terriffic norther visited the Chilean ports on the 2ist ult., causing much damage to the ship- ping. Nine houses were burned down in Valparaiso on the 22d. The ministerial rovess had ended in Chile, and the general elections were very hotly contested. Peace prevailed in the republic and trade had revived. In Peru three hundred persons were killed on the ‘occasion of the taking of Arica by General Vivanco’s troops. Tacna was surrendered to the revolationists on the 26th ult. The port of Islay was blockaded by them on the 7th inst., and on the same day a severe battle was being fought with the goveramcat troops near Arequipa. Trade was entirely suspended in Callao durtng the war. We have additional news from Venezuela. A cor- respondent at Lagnayra, under date of the 10th inst., writes;—Puerto Cabello was taken about five days since and is now in the hands of the insurgents, con- sequently all communication between that city and Lagnayra is at an end. Advives are constantly receiv. ed, sometimes favoring the government, sometimes the revolutionists; and, notwithstanding the short distance between the two ports, it is very difficult to ascertain the exact truth or how affairs stand from day to day. There isa report that the government troops have been several times defeated, and that some have deserted to join the revolutionists. The government is represented as very badly prepared to defend iteelf. We have advices from the City of San Domingo to the Lith inst. President Baez still held the capi- tal. The state of afluirs is described as very de plorable. Two British men-of-war were lying in the t, to afford protection to the lives and property eigners. Accounte from Key West to the 2st state that at last a prospect of the Indian war in »cing brought toa conclasion. The Arkansas delegotion of Seminoles had a talk with Billy Bow legs on the 16th, when Billy expressed his determi- nation to accept the offer of the government to remove westward soon as it was made in | due form—that is, as soon a9 the money was placed | n his hands. It was thought that Sam Jones, the | the war party, was dead. The Indians would wever, acknowledge it. Another talk was to e on the 19th. take 5 A policemen’s prayer meeting was held yesterday in the Baptist church, Stanton street. Captain Hartt, with the Seventeenth ward police, was pre- | sent in uniform, and the church was crowded with | ladies. Commissioner Rowen and Mr. Embree, chief | clerk of the Department, also attended. A small boat, containing two coats, a hat and | ome money, was picked up yesterday three miles pouthwest of the west bank of Sandy Hook, by Cap (ola Patvervon, of the schooner Ware. A notice of | NEW YORK HERALD, TUESDAY, . ' Mexfloo, and Our Relations with Mexloo— Captain P's may be found in our advertising columns. But little of importance transpired in Congress . In the Senate an announcement was made that Vice President Breckinridge was about leaving for Kentucky on a visit to his family, where- upon Mr. Fitzpatrick, of Alabama,was chosen to preside pro tempore. The consideration of the bill providing for the admission of Minnesota was then resumed, the question being on fixing the number of vepresentatives to which she should be entitled. After some debate it was agreed, by a vote of twen- ty-two to twenty-one, that Minnesota should be al- lowed one representative, and that a census of her population be taken forthwith, and that thereafter she have as many representatives as the returns show her to be entitled to, according to the usual basis. The House was occupied in discussing the Kansas question. Nothing of particular importance occurred in either branch of the Legislature yesterday. Our re- ports and despatches contain all the news of interest from the State capital. ‘The proceedings in the Circuit Court yesterday, upon # motion for an injunction to prevent the sale of the Collins steamships, which are now held by the Sheriff, at the suit of some of the creditors of the steamship company, will be read with interest just at this time. In the Board of Aldermen last evening a commu- nication was received from the Mayor vetoing the action of the Common Council to restrain the pay- ment of the Metropolitan Police. The document is given in our report of the proceedings. A call was made on the City Inspector for the names of persons occupying stands in Washington Market, with the view, possibly, of facilitating the inquiry into the alleged corrupt practices that are said to exist with regard to that market. The Corporation Counsel was directed to report whether the fraudulent as- sessment lists reported on by the Committee on Frauds can be rescinded, and correct lists made, in order to make an adjustment with the property owners who have been swindled, and recover from the contractors money fraudulently obtained. The Councilmen’s report in favor of paving the Bowery was concurred in. A resolution providing for the appointment of an engineer to draft plans for draining and regulating all public parks, excepting the Cen- tral Park, was adopted. In the Board of Councilmen last evening Mr. Ross presented a resolution directing the Eighth Avenue Railroad Company to provide cars ‘to ac- commodate all the passengers, which was referred to the Committee on Railroads. Mr. Arcularius offered a preamble and resolution deprecating the carrying of deadly weapons, and asking the Corpo. ration Counsel to state whether there is any State law or ordinance in existence bearing upon the question. The motion was adopted. Two meetings of citizens of the Seventh ward and vicinity were held at Pike slip last evening; one in favor of, and the other opposed to the removal of the balance and floating docks occupying slips on the East river in the Seventh ward. Alderman Fox, ex-Alderman Briggs, Mr. Treadwell and Joseph Hoxie spoke for the removal of the docks. Our re- port contains the resolutions of both parties. The officers of the Hudson River Railroad and the property owners who have petitioned the Common Council to have the use of steam cars discontinued on that road below Fifty ninth street, were again before the Councilmen’s Committee on Railroads, which met yesterday, arguing the subject. The ardor of the petitioners seemed to have cooled con- siderably. The railroad officers brought forward several very forcible facts to rebut the statements that the steam cars are more dangerous to life than cars drawn by horses, and that property on the ave- nue has been lessened in value by the passing of locomotives through it. Messrs. Mestayer and Pergeline, the parties charged with ejecting revenue officers from their premises, were arraigned in the Circuit Court yester- day,and pleaded not guilty. The trial will take place on Wednesday. The value of foreign goods imported at the port of Boston during the week ending 26th inst. amounted to $1,011,322, exhibiting a decrease of n 1857. ‘The sales of cotton yesterday embraced about 2,000 bales, closing at about 117¢c. for middling uplands. The ease in freights, together with some improvement in sterling exchange, tended to !mpart more activity and vigor to the market. The flour market was dull, and sales confined chiefly to the wants ef the local and Eastern trade, and closed at @ decline of about So. per barrel, expecially for common and medium grades. Wheat was quiet, and no sales of moment transpired. Corn was in fair demand, with sales of white at 68¢., and good to prime yellow at @83gc. a 69. Pork was steady, with | sales of meas at $16 80.0 $1685, and prime at $15 75. Holders of sugars were frmer in their views on account of the Havana news, which restricted aales. The traus- actions embraced about 500 000 bhds., at rates given in another column, Coffee was quiet but steady, with limited sales. In freighta the chief transaction to Liver- pool consisted of 40,000 a 50,000 bushels of grain, in bulk and bags, at Sd. a b3¢4.; with cotton at 3-164. The Late Imperial Manifesto, In another part of this paper the reader will find a translation of the late Imperial Manifesto entitled “L’Empereur Napoleon III. a U Angle- terre,” together with an article from the London Times commenting on the manifesto. Both de- serve perusal. ‘The habit of expressing bis views semi official- ly through the medium of anonymous pam- phlets is peculiar to his Majesty the Emperor Na- | poleon. Just previous to the coup d'état he felt | the public pulse by means of an anonymous | pamphlet, and during the war with Russia the | European mind was thrown into convulsions by | a similar engine, The pamphlet which we translate elsewhere is an elaborate history of the relations existing between England and France since the alliance. It ie therein shown, or attempted to be ehown, that while France has | most loyally and religiously performed her share of the bargain, and has even sacrificed her own interest to aid that of Great Britain, the latter nation has dirplayed a singular neglect of her duties toward her neighbor, and even now treats her rights with something very like contempt. It goes into along account of the diplomatic proceetinge which have grown out of the attempt of the Rue Lepelletier, vindicates | the Emperor and Count Walewski from the charge brought against them by the English orators. of wishing to insult England, and pic- tures France as playing throughout the ailair, the part of the meek, injured, inoffen- sive, and forgiving ally, while Englaod is drawn as ao hectoring, reckless, and even quarrelsome bully. These few words give the gist of the whole pamphlet, which was evi- dently intended for British consumption—and which—to do it justice—is admirably calculated to soothe any irritation which the sddresses of the French Colonels may have cadsed ia England. We regard the publication of this pamphlet as the gravest error the Emperor Napoleon has made since his accession to power. The very excellences of the performance—those on which it will rely for its success in England—render it the most powerful electioneering document against the Napoleon dynasty in France that has been published during the present reign. For every Englishman whose hatred of the Johnny Crapauds may be quenched by the perusal of this document, ten Frenchmen will be exasperated by it. It represents France ia the very last attitude in which the Freach quasses Want to see er pepresented. They $198,849 as compared with the corresponding period | cou'd, without much compuaction, eee her de picted as ambitious, unjust, ferocious, aggran- dizing, conquering, pitiless; but France patient, long suffering, enduring slights at the hands of her neighbors and not seeking to avenge them—that is a picture which no ave- rage Fren:hman can contemplate without his blood boiling over. Especially will the Hot- spurs of the army—th » Colonels who wanted to hunt down the exiles in Englaod—the com- rades of the Generals who offered to take the Tower of London with 50,000 men—be furious and frantic at this official confession that, for the past three or four years, France has played second fiddle to England, and that the govern- ment hes patiently submitted to indignities which ought at any cost to have been resented. ‘The extent of the injury which this ill advised pamphlet may do to the Emperor can best be measured by a retrospective glance at history. Louis the Eighteenth was restored by England. ‘That single tlaw in his title would have ruined him and his successor even if they had been ten times as able monarchs as they were. They are known to this day among the people as “the English Kings.” Louis Philippe had no taint of Angliciam about him when he became king. But when he and Guizot came to the conclusion that the only gound policy for France was to maintain the English alliance at all costs, aud to submit to anything rather than fall out with England, the people soon discovered the policy, and both king and minister were irretrievably ruined. In all probability France never had a better minister than Guizot; a man of larger views, more thoroughly patriotic feelings, great- er mind or purer purpose. Yet there never was a French minister so unpopular as he when he fell; even now the odor of his former career clings to his name. All this arose solely and altogether from the popular belief of France that Guizot had truckled to the English; that he bad improperly paid an indemnity to Pritch- ard, and lacked spirit in the Spanish marriage negotiation. The Emperor Napoleon is travelling the same road. He too, like Guizot, is trying the impos- sible task of pleasing two irreconcilable ene- mies—the English and French masses. He is bent on preserving alike the entente cordiale with his neighbor and the esteem and affection of a French populace and a French army who abhor that neighbor. He will very quickly learn the result. The London Times shuffies and quibbles in its comment on the manifesto; evidently fearing alike to say too much or to say too little—in the same embarrassment as the Emperor him- self between offending the English people and aggravating the French government. But the Emperor wilt learn the truth from other sources. He will learn that every blow which he says he has endured from the Eaglish with- out resenting it will be equivalent to two real Vlows which the French will deal him. And he may learn, if he be wise, the great truth—a truth too little remembered in France in this day, and ostentatiously ignored by the Empe- ror—that a coming revolution will drive bim and bis dynasty from the throne with the same certainty and precision as the revolution of the quadrepnial period vacates the Presidential chair in this country. Tur Revowvtion mw Vexezveta—Pronante Dowsrau. or THE MonaGas Reowm.—We pud- lish to-day some additional details of the pro- gress of the movement which has been set on foot against the brothers Monagas. This family, as we stated yesterday, have ruled Venezuela | with a rod of iron since the year 1846. Called to office through the magnsnimity of General Paez, they have requited the sacrifices made by their generous rival by acts of the most out- and left the country almost bankrupt. Thus, | whilst the debts of the State and the civil and | military pensions are left unpaid, immense sums | of money are being despatched abroad and in- | vested for the benefit of the President and his | family. The prime agent in this wholesale sys- | tem is said to be an Italian banker, named | Giuseppi, the son-in-law of Jose Monagas, and , the ruling spirit of his administration, This man and the brothers Monagas appear to have absorbed all the administrative and financial powers of the government, and the consequence is that the warmest partizans of the family have become so disgusted with their proceedings that they are the prime movers in the present revolution. It suits the government to assert that it is to the intrigues of Paez and his admirers alone that the insurrec- tion is due; but when we state that its leaders are Generals Castro, Soto, Cordero, Faleon and Frias, the well known creatures of Monagas, it | will at once be seen that the movement is purely & reactionary one, provoked by the excesses | of despotism amongst the ruling party itself. That the Monagas family have been anticipating their own downfall is evident from the fact that during the last quarter of the year 1857, It is al- leged, there was exported for their account, from that impoverished State, a sum amounting to nearly five millions ofdollars. Like Rosas,Santa Anna, and other Central and South American despots gencrally, the Monagas have only sought power as @ means of enriching them- selves at the expense of their countrymen. How. Massa Greetey avo tre Wastinotoy Lonwy.—The Hon. Massa Greeley comes out in the 7ribune of yesterday with a long and elabo- rate attompt to whitewash 0. Hl. Matteson, the chief of the lobby at Washington. This defence of the Hon. Massa Greeley does not explain away the principal charges against Matteson; it | does not say what became of the thousand dol- lar draft drawn by the Treasurer of the Fort Des Moines Company in favor of Massa Greeley, and it does not tell the whole story about that mysterious association of Congresemen—the thirty or forty thieves—who would not vote for a bill without being paid for it. The Hon. Massa Greeley simply ignores everything, and sets Matteson on his legs as the President of the lobby, which has bow been re-organized at Washington, and wiil be in full blast in about two weeks. The fact is that the lobby must al ways have something to fued upon, The old whig party lived fur uearly twenty years upon the United States Mank, and drained it dry. The republicans tried Kansas speculations, which did not turn out very well, and then went into jobbing patents, railway land grants, and private bills on the wholesale principle. They have their organization at Washiagton and their mouthpieces at New York, and between them make, no doubt, a very good thing out of it. By the way, now that Matteson has been duly returned to the bosom of the church, why can't the Ifon. Massa Greeley give us all the particulars about that thousand dollar draft, aad the forty (Congressional) thieves? «Manifest Destiny.’ : That staunch republican, John Milton, has said that the wars among the fighting factions which made up the Saxon Heptarchy are as useless to the historian as the battles of eo many rooks and kites and crows in the air; and the same may be said of the revolutionary factions of Mexico. Of late, however, the deplorable anarchy into which that unhappy country has fallen, and the significant outside complications of her present internal revolutionary move- ments, have attracted or must soon attract the liveliest interest of the politicians and states- men of this country and of the Western Powers of Europe. According to our latest advices upon Mexican affairs, from New Orleans, Havana and else- where, there are some secret and vast prepara- tions going on, at several points, to control the destiny of Mexico, through some or other of the various appliances of her present revolu- tionary entanglements. On the one hand, it ap- pears that Santa Anna had left Carthagena, and had arrived at the island of St. Thomas, en route, rageous tyranny and a system of administrative | -poliation which has beggared the treasury | as it was universally believed, for the Mexican capital. He, it is understood, is the especial champion of the church party; and that in this capacity he will have the active sym- pathies of the Spanish authorities of Cuba and of the government at Madrid, and of the poor old Pope of Rome there can be no doubt. On the other hand, Gen. Comonfort is at New Orleans, and as the recognized chief of the anti- church or liberal party, he is said to be concoct- ing his plans, in connection with Generals Hen- ningsen, Walker, Lockridge, and others of the disbanded Nicaragua filibusters, for a thorough- going revolutionary attempt for the recovery of the government he has lost. In behalf of this projected movement, Henningsen, we un- derstand, has entered into a correspondence with Vidaurri, the revolutionary Dictator of Northern Mexico, while Lockridge is busily en- gaged in Texas in behalf of the common cause. Strangely enough, too, at the same time we learn that Mike Walsh has turned up in Vera Cruz; and it is fair to presume that his mission is to spy out the nakedness of the land, and to report progress to the headquarters of the liberal anti-church and filibustering coalition at New Orleans. We shall not be surprised to learn on any day that Santa Anna has slipped into Havana, and that with the sympathy and active co-ope- ration of the Spanish authorities of Cuba, he has slipped off into Vera Cruz and issued & pronunciamiento substantially affirming the Church and State policy of Zuloaga, and the integrity of the Spanish race and its ascendency against all Anglo-Saxon coalitions or designs, especially from the United States; but, om the other side, we should be as little surprised to hear that Comonfort, with Henningsen, Walker, and the Nicaragua filibusters, and with Lock- | ridge and the Texas Rangers, and with Vidaur- riand the Northern revolutionists of Mexico, had crossed the Rio Grande, and were on the | high road to the Mexican oapital. From a ¢areful examination of all the lights before us, we seriously believe that the present revolutionary scenes and parties and factions of Mexico are rapidly drifting to this well de- fined conflict between the liberal and progres- sive principles of the Anglo-American race on | the one hand, and the dark and superstitious | Church and State fallacies of the hybrid | Spanish-American race on the other. What the end of such a conflict must be, it scarcely re- quires a prophet to foretell. The first battle between these parties will leave no doubt as to the final issue, and the closing scenes will involve the whole of the Mexican territories in andther Texas operation, including # formal application from the supreme government at the city of Mexico for the annexation of the entire republic and its dependencies, its people, its resources and its debts, to these United States. In this comprehensive view of the subject, the present mysterious movements of Santa Anna, and the equally significant movements of Comonfort and his confederates, may well ex- | Cite the interest of the govermment at Washing- ton, and of the Western Powers of Earope. The acquisition of Mexico, in a commercial view, would be of incalculable advantage to us and to the civilized world; while, in its social and religious aspects, it would be fraught with the highest advantages to the Mexican people. Nor can we overlook the important fact in this con- nection, that the able Premier of the adminis- | tration under which we secured Texas, New | Mexico, Utah and California, is now at the head of our government. We may be sure, then, that while his foreign policy will be strictly in conformity with international good faith everywhere, his prejudices will not be such | as to stand in the way of the annexation of Mex- ico should a favorable opportunity occur, in the | shape of an application from the de facto govern- ment of that country. We believe that Mr. Buchanan would accept | this indicated offer of annexation, and we be- ‘Vieve there would be no danger in doing so. | England and France, from commercial, fiaan- | cial and prudential reasons, would cheerfully acquiesce. The developement of the gold and | silve? mines of Mexico, and of her rich and | varied tropical products of the soil, which would follow the absorption of that country into this, | would be worth to England and to France, as | well as to ourselves, more than all the wealth that is drawn from California and Australia | combined. From the day of her annexation a new, secure and profitable market, comprehend- | ing seven millions of people, would be opened | in Mexico to all the eubstantial and luxurious manufactures of both England and France; and | within a year, from the securities of a solid go- vernment, and from the influx of Anglo-Ameri- can emffrants and enterprise, the capacities of this market would be increased perhaps a hun- dred, and perhapé five hundred per cent. The suppression of the landed church monopolies, and their distribution among the people, would of themselves create a new capital for trade of many millions of dollars. But admitting that, for the roneons assigned, England and France will cheerfully consent to the swallowing up of Mexico by the great Anglo- | Saxon boa constrictor of the North, and for that other reason, that both France and England will have their bands full of business at home, what of Spain? Let her look well to it that she does not too far entangle herself in thts Mexican im- broglio, or it may cost her the island of Caba. Iler eympathies are evidently with Santa Anna; but let Ker beware lest she be tempted to go too far under the delusion that Mexico may be pos sibly restored to the Bourbons. In @ word, not only is the manifest destiny of Mexico involved in this present most interesting crisis in her affairs, but there is a deep impression existing that the solution of this Mexican problem must inevitably comprebend the island of Qula, MARCH 30, .1858.-TRIPLE SHEET. Within a few weeks, or » {ew months, we may expect a more definite shaping of events in this direction. Commereial Failures Since the First 6f Jan- uary—A Bankrupt Law Wanted. We publish today o list of the fall ures which bave occurred in the United States from the first of January to the twenty- sixth of March of the present year, and the total will be found somewhat alarming, though by no means unexpected, after the late fearful finan- cial panic. The number of failures for the first eighty-five days of the year was 1,495; and the total amount of liabilities is set down at thirty millions six hundred and | thirty-nine thousand dollars. If we add to this forty-five failures in the British Provinces, | figuring up a million and ninety-four thousand - dollars more, we have the grand total for the United States and Canada of 1,540 failures, and $31,733,000 of liabilities. The following is the list:— Number of Failures. 32328328223232 e2e8s2 22 2 a = ~ Sga2e2 53232 Total in British Provinces : Total for U. States and B, Provinces.1,540 $41,793,000 Last year there were over six thousand fail- ures, with debts to the amount in all of nearly three hundred million dollars. While thenumber of failures for the first quarter of this year is in proportion with last, it will be seen that the amount is disproportionately small, showing | that it is small concerns which are breaking down now. One singularity about this statement is, that it shows that the Central, the Western and the sugar growing States, are in a woful condition, while the cotton growing States of the South, and all the New England States, are sound. All the failures which we record to-day should legitimately have occurred last year. They have only been protracted by the parties ob- taining extension. That grace is exhausted now, and they fall by sheer inanity. This was inevitable; for these houses based their engagements on the prices at which goods and produce rated before the revulsion, and consequently they are unable to mect them now that the rates have fallen from 35 to 50 per cent. In 1837 the result was the same, but then the smashing continued for almost three years, and in all probability we shall see the same thing now. In the first few weeks of 1837 over five hundred merchants in New York alone broke down. Others held on for a time, propping themselves by extensions ; but until 1840 they continued to drop, when the number of failures in the Union amounted to nearly forty thousand, and the Bankrupt law which went into operation in 1842 wiped out $450,000,000 of debts and released over thirty- eight thousand bankrupts. In a panic large houses are the first to go; then follow the banks, and little concerns followthem. The great drag down the small. The banks recovered them- selves quicker in this revulsion than in °37, be- cause they held more specie, and their bills were issued on a surer basis; but we see that the failures of commercial houses are still going on. There is but one remedy for this, and that is a good Bankrupt law, ap- plicable to individuals, banks, railroads, and all corporations. If the houses that are breaking now could have settled with their creditors long ago, by the operation of a Bank- rupt law, and started afresh, basing their busi- ness on the new state of affairs which panics always leave behind them, many of them would be now in a safer and more thriving condition ; but by the present system commercial disasters are protracted, but not avoided. We are indebted to the commercial agency of Tappan, McKillop & Co., No. 5 Beckman street, for the list which we publish this morning. We gave at the beginning of the year the list of failures for 1857, furnished by the con- mercial agencies of B. Douglass & Co. and Tappan, McKillop & Co., but for some reason or other we have been able to obtain the list for the first quarter of this year from the latter house alone. Owing, most probably, to the su- perior manner in which the books of Tappan, McKillop & Co. are kept, they were able to fur- nish us with the list in a few days. The others, we suppose, keep their books on a different sys tem, like some of the Wall street banks, per- haps, who only know how they stand at the end of the year, and many of them not even then. Every well conducted establishment, whether bank, commercial house or newspaper, is able to tell exactly how it stands, at least after a few days notice. In the Henatp office we know precisely how we are every week, but there are newspaper concerns in Wall street which, like the banks, are in happy ignorance of their con- dition until the end of the year, and even then they often find themselves in a fog. It is clear, from this statement of the failures still going on, that the effects of the panic con- tinue to be felt throughout the couatry; but if we had a Bankrupt law things would have been reduced to level long ago. A Great New York Bayk Prorosen.—It is proposed that our fifty-three or four New York city banks, with their sixty-five millions of bank capital, should cease to be little banking institutions cutting each other's throats and quarrelling on every point of financial policy, but ehould unite together into one great gene- ral banking institution, like the Bank of Eng- land or the Bank of France. Such an institution could have branches in all the principal cities of the Union, and would naturally perform the bulk of the banking busi- ness throughout the country, just as the Bank of England does in Great Britain. It would be enabled to prevent the recurrence of such pert- odical checks or revulsions as we had last fall; it would be running no race with any one for business, and would contract or expand just when it thought the public interest required 1b. It would be under the control of the Bankrapt law now before Congress, apd would be liable to be wound up Sy mower’ a ib became ia- solvent or fabled in “DY of ite duties to the pub- lic. Such an frotitun'0M would be a great pub- lic benefit; the batks~#"ill do well to give it thorough consideratioa. Manhattan Island. Wo publish in another column ‘he petition of the speculators who propose to c'estroy the beautiful portion of Manbattan Island ving be- tween Manhattanville and the Harlem ‘iver, together with the bill which they ask the Le, i#- lature to pass, and the remonstrance of property‘ owners in that region against any such mea sure. We referred to this subject a few days ago, and pointed out the glaring impudence of a set of men demanding power to lay out streets and avenues in a locality where they have ne property, and desecrate the estates of other ia- dividuals, The bill proposes the names of men as com- missioners to do this job who are not property owners in that district of the isiand at all. John A. Dix, for instance, who is first io the ‘ eategory, does not own an acre of ground there. It is not remarkable that Mr. Dix | should put his name forward in Washington im connection with a foreign misrion, or a8 a pe- litical leader in Tammany Hall; but why he ' should figure at the head of a list of commis sioners for laying out streets and avevues om other people’s property is something which we cannot understand. Another of these commissioners—Mr. Thomas | J. Stewart, one of the principal promoters of this scheme—owns teven acres of land, for which he wants to get s higher price than it will bring now. This is the most impudent attempt to get up a job for the benefit of a few ava- ricious individuals ever witnessed. The mo- desty of asking for power from the Legislatuae to lay out streets, squares and avenues througt and otherwise destroy the property of other people—to tax them for the salaries of archi- tects, eurveyors, and the hosts of other officiate which the work will afford pickings for, and all this without consulting the owners of the pro- perty—is certainly unexampled. We want no commissioners for that beautiful region. The holders of property and residents there can open all the streets they require at a tenth part of the cost for which a commission could do it. The remonstrants in their prot-st against the passage of the bill, base their objec- tions upen grounds equally reasonable aod forcible. They show that the Tenth avenue, the Kingsbridge road, and the Hudson River Railroad afford highway enough for all the pur- poses of the neighborhood, and deny that any authority is required by these proposed commis- sioners or any one else to make any changes there until the ueceasities of the residenta de- mand it. But most justly do they protest against power for this purpose being placed ia the hands of men who have no interest in the locality either as property owners or residents. If this scheme finds favor in the Legislature— and we hope for the sake of the city that it will not—the fairest and most picturesque portion of the whole island will be disgracefully shorn of all its beauties, to fill the pockets of corrupt speculators. It had been proposed at one time to remove the State capital from Albany to the charming region of Manhattanville. There is no doubt that the most appropriate place for all our public buildings is the Central Park or its neighborhood; but it may be too far off from the centre of business to be thought of for that purpose just at present. If we had our way we would remove the federal capital, and all the departments of government, to that portion of Manhattan island, and there we would have magnificent apartments fitted out for their ac- commodation. This is the great centre of the republic. Here is the commercial, political and intellectual soul of the whole country. Both fhe Federal and State capitals should be here; and here Congress should properly sit. Tue Foreren Suave Trape.—According to the latest accounts from Havana, the Asiatic slave trade is flourishing even better than the African traffic in the same line. During the last year we read that thirty thousand Asiatioe have been brought to Cuba. This importation must be treble that of the African slave trade. This latter traffic is carried on to a great ex- tent by Spaniards and Portuguese in American ships, and on American Northern capital, but the Asiatic trade is chiefly in the hands of Americans and Englishmen. It is a very singu- gular circumstance that both the African and Asiatic slave trade have increased very much within the last twenty-five years, ond the cir. Ctimetance can only be accounted fur upou th principle that the violent anti-slavery agitation has defeated its own purposes, and by direcing attention to the profits of the traffic, has induced many unscrupulous persons to go into it. With- out doubt the Literetor, in Boston, and tae Tri- bune, in New York, have, by their viaent de- nunciations of slaveholders, their aburd and improbable stories, and their ridiculaus posl- tions, given the trade an impetus vhich it never could have obtained In other Tell a Yankee skipper that if he pac hun- dred Africans or Asiatics in fr- dred ton schooner he will se soul to perdition but will also make ten thousand dollars, and he immediately takes the lollars, waiting for the next revival to save tis soul. And so the Tribune and the Liberator, Greeley, Garrison & Co., have done more to help aloag the slave trade than any other infinences. They charge the Heratp and Journal of Gmmace with being the enemies of human freedom, Sut the facts are all against that proposition. The abolition leaders and organs have beea presch- ing and writing for twenty years, and have only succeeded in increasing the importation of African slaves and bringing about a new trade in Asiatic, If the slave dealers had engaged the Tribune and Liberator as their special organs they could not have been better served. teerenledat eer enter Fastroxanue Turn Oot 1s Wasiinaton.— George N. Sanders, the Navy Agent of New York, is dashing through Pennsylvania avenae with a splendid turn ont and a four mile team of auimals, We recommend the Secretary to examine his accounte every week. Chemung Smith, the pet of old silly Flagg, the Comptrol- ler, used to sport a yacht on a salary of not much less. How Tt Moxey Gors.—A single book, Major Emory’s Report of the Mexican Bonndary, fs set down for $223,791 in the Printing bill of the last Congress, ‘The system that tolerates suck plunder is infamous. Kawsas Batroration.—The Leavenyrorth Ledger of the 284 inst. eayn, that the prospectaTor an immonaw emigration to Kansas ‘Vhis apring and summer are highly gratify ing.