The New York Herald Newspaper, August 10, 1858, Page 4

4 NEW YORK HERALD. OFMCE N. W. CORNER OF FULTAN AND NASSAU @TR fe atoenne HERALD. too conte por PLAS, meh THE DAILY THE WEEKLY HERALD eve AMUSEMENTS THIG EVENING, LOR GALEN, Broatway-Tas Last Man - Paome Soncumt—Fo ca Hus-tas, BY THFATRE, Bow sry—Inconan—Tue oa FL BREE. 190L mar ALLAOK’s THRATKR sroadway—Tas Exucnast Av: cate rNG POR 4 Wire—TRon Baxow METEOPOLITAN TALL 585 Broadway—Parxcn THRs far —i Foto D oN LOU L HapiTERa—BaUk Jovais's. B-RNUM'S AMERICAN MUKEUM. Brosdwns—Ator ROOr aac eVENIDg MGIC, VANTRILOQUISM AND UTRIOSITIES SS KrOsGWAY—ATAIOPIAR a. FoOOe BUTLELNG. Bors Tanoes &c -¥s Mw GAMIUe HALL, 472 Srondwar—Berants’ MinereELe —Baono Mmtomies ann Boxunsarse—Hor ov Passion. PSLACE GARDEN, Fovrtcenth street and Siz’ avenue— Ou. > Pucwas ade JONCERT—DISPLAY OF FIREWORKS, Ac. JOSES’ WOOD, Sirty auth street -THeMemmora MUsiCat Pastivai~ Bal. CHAMPETKE -FIRF®ORKS, AC. New York, Tuceday, Auguet 10, 1858. maice Gee Sew Yor Heraid—Eaition for « urope The Oepard wail steamship Earopa, Capt. Leitch, wit! {eave Boston on Woanesday at noon for Liverpool. The Eurcpea> maiie il! close in this city this af- @ravon, at balt-pasi two @’ciock, to go by railroad, acd Bt calf.peat four o'clock, to go by steambout. ‘The Furopean eciton of the Hxkaip, yrinves tn Frenok md Bagiind, will be published at ten o’olock the mercing Sagie copies, ip wravpers, six cents. Bebecritions and advertisements for any edition of the Saw Tox Hemacy will be received at the following place SUROPE. in Burope:— 207... Samson Low, Sow & U0., 47 Lad para ” an a Express bo, 61 Hee SFittiwen ws Pam ..... Am. -European Express Co.,8 Piece 0 is Bourrs -Ruropaan Expreas Co., 9 Chapel street ‘Soart, 10 Kachaage street, Cant. Savas... .Am-€oropeaa Express M%., 2) Rne Cornette. ‘Tre oontents of the Kuropeac edition of the Sena wi cambite the vows reoeives by mail and talegraph 4! the otce during the previous week, and up to the bour 0 PRbiica ce Tne News. The bids for the government loan of ten million dollars were opened at the Treasury Department, Washington, at noon yesterday. The stock bears five per cent interest, payable semi-annually, the principal reimbursable in fifteen years from the 1st of January next. The total amount of the bids was about thirty millions. Of the ten millions of stock awacded, five millions were at about five per cent premium, three millions at between four and a half and five per cent, and the remaining two millions at from four and a quarter to four and a half. Of the ten millions, seven millions were awarded to New York capitalists. We have nothing later from Trinity Bay respect- ing the Atlantic telegraph. The telegraph fleet left Trinity Bay at half-past five o'clock yesterday morn- ing for St. Johns, where they arrived at six o'clock in the evening. They were received with every possible demonstration of delight. Today ad- dresses from the municipal and other bodies are to be presented, the officers are to have s grand banquet, and the festivities will close with a splendid ball In honor of the oc- casio, The Board of Aldermen met yesterday afternoon for the special purpose of arranging for some appropriate celebration in view of the suc- cess of the Atlantic cable. A message was re ceived from the Mayor and a series of resolutions adopted providing for the illumination of the City Hall,a municipal dinner to those engaged in the telegraph enterprise, a display of fireworks, and for the purchase of a portrait of Cyrus W. Field. This action has yet t> be confirmed by the Couacilmen who meet to-night. The steamships Prince Albert and Arago, from Gaiway and Southampton respectively, arrived at this port early yesterday morning, bringing our Enropean files dated in London to the 28th ult. The main features of the news, with ample finan- cis. and commercial reports, were telegraphed from Halifax and St. Johns, N. F.,and published in the Hexacp on the mornings of Saturday, Sunday and Monday. o ‘The English Board of ‘Trade returns for the six months ending 80th June show that the total exports from the United Kingdom during that period amounted to £55 467,804, against £60,826,381 in the like period of 1857, the deficiency being £7,368,577. lu the House of Lords on the 26th of July, Lord Lyvd@hurst moved for the production of the corres. pondence with the American government regarding the right of search. The Earl of Malmesbury, in neventing to the motion, made a very important epecch, which we publish, with Lord Lyndurst's, this morning. We also publish the debate in the Lords on the cond reading of the “Government of New Cale- dunia bith” he determination of the English government to cave the chastisement of the Jiddah assassins en- tirely to the forces of the Porte created some surprise in Paris. The return ot the Emperor of Russia to St. Peters. burg from Archangel was accompanied by the pub: lication of a ukase restoring tg the Bible societies privileges they formerly posseseed, but of which y were deprived by the late Emperor Nicholas. Accounts from Tegernsee speak favorably of the improved health of the King of Prassia, but hold out Majesty being ever able to resume the the th us re ope of | 4 of power. ‘es, dated at Hong Kong on 7th of Juve. report the already announced successes of the alles at the mouth of the Pei-He. We reproduce the sccount of the capture of the Chinese forts there, with accounts of the position assumed by the Briush and }rench envoys. President Bochanan’s letter had been received by the Imperial Commis sioner and the American and Russian diplomats, ard seemed to produce a favorable impression on the Chinese officials. The Kast indian government attached much im portance te the recapture of Gwalior. In other re. spects the state of affairs had not improved. Ac- cording to a Caleutta paper the entire country was in vf the rebels; and although every fortress and place of importance were in the hands of the [iritieh, yet their authority did not ext@ud beyond reach of guns. The heat was dreadfal, and the British soldiers were succumbing to it in large Buinbers. it wes stated in London that 80,000 European trougs were requsite forthe suppression of the in- @arrection in India. and that 26,000 was about the nun: ber available tor field service. We have news from Manila to the Sist of May. ‘The following market report is given :—Sugar, cur. rent clayed, #6: bemp, #5§: exchange on England, 4s. for «ix months’ sight bills; Mexican dollars, 12 The China ad posseasion to 124 per cent premium; freight, £3 to £3 10s. for | mugar, and £4 10s. for hemp. ‘The ship Pepperell, of Baco, Me., Captain Twom bly, from New Orleans bound to Bordeaux, put into this port yesterday, in consequence of the Captain ‘and most of the crew being sick of fever. ‘The Bremen ship Hinneh, from New Orleans. pro. Dbably bound for a Haropean port, arrived at Norfolk | yesterday. Seven of her crew and one passenger had died of yellow fever, and others were sick on board On Satarday morning last a fatal accident occur. | several highly respect. | fed at Hastings, by whi able lies of tu city have been throwa into the Beepest affliction. Miss Lyell, daughter of Joun Lge, Vice President of the New York Mutual la NEW YORK HERALD, TUESDAY, AUGUST 10, 1858. eurance Company, her mother ard Mre. Dean, of James T. Desa, merchant ic Pine surcet, were de | rcending a hill in « wagon driven by one of the | ladies, when, at a sudéen torn of the road, 1) cap sized and caused the death of Miss Lyell aud Mes. | Dean, who were thrown ont and instantly killed on thespot, Mre, Lyel! escaped with merely a fractured arm. The horse took fright wid ran againse the | stump of a tree, throwing the ladies out amy g a pile of rocks and stonca. ‘This mournful ovcarcence has cast a deep gloom over the residents at the hotel, as well as over their numerous friends sud relatives in this city, Recorder Barnard disposed of a eurmber of cases yes terdsy in the General Sessions, sitting tilla iat: hour ia the evening. Joha Romer,a draggist’» ceck pleeded guilty to manslaughter in the fourth degree’ baving carelessly sold a poisonous drug, which caused the death of & child; Peniientiary for three monthe, Wm. McMenony, charged with attempting to assault officer Clark with aclung shot, was sent to Black. well’s Island for three months. Peter MeGaiuness, a wretched inebriate, indicted for causing the death of William Sobi ty stabbing him with a kuifs, pleaded guilty to manslaughter in the foarth degree: enitexntiary one year. Jose Rodreguez aud Ramon Sanchez (Italians) were convicted of grand larcouy, in stealing $80 worth of segars, the property of Franci Calognino, 108 Nassau street. They were ach sent to the State prison fur (wo years. Henry White and George Leipsou, jointiy indieted for steul- ing on the 23d of July, $380 in money and jewelry, from Caroline Hines, were placed on trial. White was convicted and cent to the State prison for five years, being a noted thief; Leipson was acquitted, bot detained on # charge of burglary. Michael Col- lins, charged with a felonious assault upon his wife, pleaded guilty to an assault and batttry: Peniten- tiary eight months. Thomas J. Dowden was con. victed of obtaiuing money under false pretences» heving represented himself as an agent of the Home for the Friendless, and by so doing received $20 froiw Hewy A. Burr, Cliffstreet. The prisoner possessed mere than ordinary intellectual ability, and managed hie defence with adroitnese. He said he was a prin- ter and engineer. He was sent to the State prison for three years, and fined $60. Fifteen cases were dis: posed of yesterday, 8 that the prison is being rapidly cleared. Abe sales of cotton yesterday were confined to 3008 400 bates, at unchargrd prices, The total receipts ai al! ‘he peris Pave been 5,058,782 bates, showing an tncrease of 1(5,762 bales ever the eame time Inst year, As only abcut two or three weeks remsin between this an‘ the let of Beyiember, when the cotton year closes, 1 is vot likely the receipis in that time will be more than suf- fiownt to carry tbe total supply above 3,100,000 bates, whico is by at least 100,000 w 350,0C0 bales below ax ave- rage crop. In favorable seasons the bulk of the recstuts efter Ubis time to the 1st proximo is made up of new cot- ton. This year, bowever, the spring was so backward ‘bes the receipts of new cotton will probably be quite light for the remsin!ng weeks of this month. fno distri- Dution of the supply for the cotten year of 1857-58—now rear ita close in exporta—bas been as follows :—To Great Britsin we bave sent 1,776,107 bales, being an excess of £67,688 bales cver the amount for the same time jast year. To France cur exports thia year show a decresse compared with Inst year of 37,75 Dales. The present stock in all the porte amounts to 48,780 in excess of that of the stock at the same time last year, or to 129.£68 balcs, ageinet 71,828 bales last year. The most fas red cotton region the present year has been Texas, where it ls estimated ike present crop will yisid probaby 1C+ ,OCO bales more than it did last year. [iis suppmed ‘tat mepy plavters, who bave bad their plantations over. {wee cn the low grounds of the Missiesippi, wi!l leave them epd open new plantations on the Bigber cotton lands of Texae and Arkansas. Texas at thie time a‘fords the br +t oper. ing for producing an Increased supply of covon the cp'y thirg wonting is labor, ond that of a fixed cha racter end suited to the climate. If England and our own mecutacturers reslly desire to eee the supp'y of cotton isert eeed end cheapenes, they should suggest or aid in acme pln for avgmenting that species of iebor, It woold tend to bring out more cotton than will ever come from the continent of Africa. The flour market was firmer yesterday, and witha good demacd cloeed at an acvance of about Sc. a 10c. per barrei for mort descriptions, Wheat soid to the extent of about 49,000 burbels at rates given in evotber column. Corn was less active, while prices were (quality considered) wi'hout charge of moment. Pork sold in a sma'l way at $17 60 for mess, and $14 90 @ $15 for prime. Sugare were Grm but quiet; the sales ombracod adout 300 a 400 bhés. at re'es given in soother place. Coflee was quiet and sales limited. With some leas room for Liverpool there wes some more tone in freighta, while engegement wore moderate, Parties—Gen. Scott tne Only Hope of the Opposition for Isso, The political parties of the country, in the aggregate and in detuil, present at this time a most extraordinary epectacle of dircordant ele- ments, sections, factions and cliques—of demo- ralization, disruption and confusion. In Iili- nois the Douglas democratic rebellion will probably culminate in the occupation of that State by the black republicans ; and. while in the South the secession democratic ultras are at work in the organization ofan ultraSouthern disunion faction, the “unterrified” in New York are still eqaabbling over the spoils of our Cas tom House. And yet, notwithstanding all these drawbacks, the general prospect for the demo- cratic party hae so very materially improved within the last few weeks—nay, within the last few day:—that they have now not only a visi- ble opening for 1860, but every encouragement for a vigorous effort to secure a working majo- rity in the next Congress. ‘The defeat of Blair in the St. Louie district— a district from which he could have been re turned to Congress by four thousand majority, bad the opposition elements therein been united upon him—is a crushing blow to the estimates of our hitherto enthusiastic black republican arithmeticians. In this election we are farnish- ed with two important facts: first, that the Kanreas agitation hae been played out; and se- condly, that the difficultice of combining the republican and Kuow Nothing elements of the Union into a general homogeneous and effeo- tive opposition party are almost, if not ab- solutely insurmountable. The St. Louis election may be safely accept- edas the initiative experiment upon the Sew- ard anti-slavery platform for the next Congress and the next Presidency. It has signally failed; and the plea that it has failed because of the intractable bigotry of the Know Nothings, in- evead of mending, only makes the matter worre. The same spirit of intractable adhesion to the intolerant aod repulsive principles of the dork lantern ie quite as perceptible, too, among the Know Nothing Order of this State as in Missouri. On thie and other accounts, such as “temperance and freedom,” the present position of W. HL. Seward in this State, in refe- rence to 1860, is infinitely worre than that of Douglas in Lilinois. The squabble | here among the republican leaders and organs upon the question of their policy towards the Know Nothings promises any thing but « cordial settlement, even inthe re- publican comp, Theee facts, in connection with the still more important fact that the public mind of the State, in regard to “ free Kansas,” has settled down from a wild and headlong ex citement into perfect apathy and indifference, leaving Seward and his party in New York in a very gloomy and unpromising situation. Nevertheless, in the face of all these facteand warnings, Thurlow Weed, of the Albany Journal, the self-styled Warwick of the Seward camp, hol@ly proclaims that there can be no other re- pobucan plotform thaa the anti-slavery ulti- watum of “ No more slave Sates @ad no mo elave torriters,” aad bo other basis of fasio With the wote conservative opposition factions. Thos, in @ sinate brief sentence, the fifteen Soorpern States are excluded from tue Seward OT pan zation, as they were io 1856; and thus, tow. the seme dificuity which alienated the Northern Know Notbiog+ from the support of Fremont ic flucatingly offered them as the oaly chavee of & coalines Tae coerequences of this euicidal policy it bovge no propeet to divine, There ia nothing ie!) of the Inte Kansas anti slavery furore to swear by: the thing is esseatialiy desd—the causes which rallicd the tremeodous vote of the North uped Fremont bave ceased to exist, and the prospect now is that the platform of “no more elev e Stistes and oo more etave territory” will, hy the year 1860, reduce the party standing upou it to the Presidential vote of Van Baren in 1848, or of Hale ia 1852. We ul! remember the remarkable and univer- al conservative reaction which followed the compromise measures of 1650, and the stera rebuke which was thus administered in 1852 to Seward and his principtes, in the defeat of Gen. Scost—a defeat which was not a defeat of Scott, but of Seward. And now, as this Kansas agi- tation dies out under the pressure of public disgust, we perceive a similar reaction at work thiuugh the length and breadth of the land This sguificant resection can no longer be dis- gui-ed or disregarded. ‘The Missouri election and the Kentucky elec- tiou indicste pretty plainly the sbiftings aud driftings of the parties and party issues of the day. The democrats are evidently rallying to- gether again upon the solid nucleus of the adm nistration; aud,in spite of the Illinois troubie, they will most probably thi- fall recover much of the ground which they bave lest. On the other hand, the Know Nothings, Seuth and North, are reduced to the con- dition of Micawber—they Know not where they are Lor what to do; but are waiting for ‘ some- thing to turn up.” We kuow, however, that the price which they ask for their stock in trade has teen ignominiously refused by the Seward managers, who imperiously insist, instead of the doctrine that “ Americans shall rule Ame- rica,’ upon this unconditional anti-slavery sine qua en Of “no more slave States, and no more siave territory.” In other words, the issue be- teeen the Seward and Crittenden pipelayers udmiis of no compromise. They must both ba rejected—Seward and Crittenden—or they will both be nominated, or cach will be represented in a separate ticket. In view of theee irreconcileable embarrass- ments upon principles and men, we sce no other courte of safety to the opporition factions than the casting of Seward overboard, with all his rections! anti-slavery abominations, and the abandonment of Crittenden and every scrap ard vestige of the heresies of the dark lantern, and all the outstanding cavdidates, cliques and divisions on both sides, North and South, and a general concentration of the opposition forces upon Gen Scott, after the faehbion of the ! banner of Gen. Harrison. The eascr against the economical Adams as well as against the extravagant Van Buren, would cover | all deficiencies, | Ifthere is any other man in behalf of whom | party and the tomfooleries of the Know Nothing faction could be thrown aside, we should like to ciples of factions and sections, upon which the opposition elements can coalesce, we should like to kaow it ; and M they are uot again hope- leaaly divided and signally defeated in adhering to their sectional and sectarian heresies, then we are mistaken as to the causes of their Presi- dential defeats of the last twenty years. As we understand the developements and signs of the times, Gen. Scott and the practical campaign policy of 1840 constitute the only hope for the coalition and the success of the opposition in 1860. the anti-slavery abominations of the republican | know his name. If there should exist any other | n than the gencral abandonment of the pria- | | ties and resources of the Saskatchewan valley, Tur Atiantic Teeorarn—Crriors Corset- pences.—Mr. Field's letter to the Associated matter of laying the cable. The 29th of the month seems to play quite an important part, both for good and for evil, in ite bistory. Thus, for instance, the telegraph fleet railed from Ply moutb on the experimental trip on the 29th of May. The cable was broken at the stern of the Agamemnon, on the first attempt to lay it, on the 29th of June; and the splice in mid-ocean on the last and euccesstal attempt was effected on the 20th of July. The fifth of August, too, seems to be, par ex cellence, the red letter day in the company’s calendar. On that dayin i457, the Niagara landed the end of the cable on the Irish shor and on that same identical day in 185%, the eame veesel landed the other end of the cable on the shore of Newfoundiand—both ends of the cable being thus laid by the Niagara. On the third of Angust, 1457, the telegraph squadron left the Cove of Cork for Valentia Bay, and on that very same day—%65 years be- fore—the little equadron which carried Colam- bos on his first voyage of discovery to these shores, weighed anchor from the port of Palos in Andalusia. These are curious and most noteworthy coin- cidences in connection with the great event of the age. Gauway 70 Porriasp—Tuk Gaeat Trane atiantic Sreamssip Rovre.—If anything had been wanted to give prominence to the new steamship line started by Mr. Lever, the quick parsege made by the Prince Albert and the succesful laying of the Atlantic cable would have had that effect. The first proves tha Galway and Portland are the points oa either continent from and to which the quickest trip can be made—the latter gives an additionat valine to everything that economies time. Me Lever’s enterprise has, therefore, been inauga rated at the most auspicious epooh : and, in the words of his literary namesake, it may be traly said of him >— — it's very clear ‘That you're the man for Galway What is wanted now, avd what we hope to ree effected Wy Mr. Levor, is the placing of the Great Eastern on this ro lostead of having six ordinary sized steamships on it, let him have two er three of the size of (he Leviathan— e Press shows some curious coincidences in the | | which he muy rebaptize, if he chsoss, o7 the reme of the Univereal Empire—which tl! cross the ocean in four or five dase, Trat ot! revolutionize the course of trade on both conti nents, Instead then of huviag fleets of steain ers and sailing vessels ploughiag the Atiaut they will be engaged ia the coast trade, veying freight to und from there great Lev ia- thuoe of the deep, That may build uo Galway and Portland, at the expease of Liverpoul and New York. But who can stay the course of des- tiny’ [f anch events be written in the book of the future, let them come. da Der Srazer River Goid Minee-Ths Over Rouote from Minnesota *hrough tir Ponesslons. We publich this morning the proceedings of the “eccond adjourned meetiog ia the Hail of the House of Representatives, at St. Pani, Mio- nesota,” on the subject of the Frazer river gold mines and the overland communicatioa from Minsctota through the British poseession= to the said mines and the Pacific Oceun, iccludiug a variety of ivierceting facts, etetements and opinions, geographical, geological, commerctai and political, touching the vast intervening countries and theie wonderful resources, ail of which will be etadied with interrst by all classes of our readers. According to the testimony ard opinions thus presented, from intelligent explorers, the gloomy deecription given by the London Times of the repulsive barrenness, desolation and siberian frigidity of the great valley of the Saskatchewan is falee and imaginary. Instead of a biauk aud howling wilderness, as the Times bas described it, this vast and hitherto generally unkaown re gion, according to the evidence “of one of the earliest travellers,” “an experienced voyageur and. practical man,” is an exceedingly beautiful, at- tractive and desirable country. This “experi- enced voyageur and practical man”’ says that the Saskatchewan, except that its waters are “tur- bid and whitish,” “is one of the grandest rivers in the world;” that “the banks are perfectly charming, and offer in many places 4 sceae the fairest, the most smiling and the best di- veraified that can be bebeld or imagined-—val- leys agreeably embowered and embrowned at evening and at moraing by the prolonged sha- dows of the hills and of the woods which adorn them’’—in a word, a picture of beauty, purity and salubrity which “pours contentment and joy into the soul of the enchanted spectator.” Then, again, ex-Governor Ram<ay, of Minne- sota, testifies that the immense area west of the Red river (of the North) and south of the Avha basca, with a climate not inferior to our own (Minnesota), is capable, according to the esti- mate of Lord Selkirk, founded on a pertoaal observation, “of supporting « population of thirty millions, and will furnieh the world with trade not much inferior to that which now passcs between the Atlantic States aud the valley of th: Mississippi.’ The ditle- rence, too, between the fertility of this re. gion and the unconquerable sterility of the extensive arid plains lyiug between the same degree of longitude within the limits of the campaign of 1810 under the victorious | United States, is satisfactorily acconated for in name, | the simple fact that the more northerly situa- the splendid public services, and the exalted | tion of this Saskatchewan district and the coun- public character of Gen. Scott, as a patriot, as | try weet of it, between the sume degrees of a national man, as a Union man, as a coneerva- , latitude, secures to them “ frequent and copious tive, systematic man, as the most accomplished | rains.” The vast inland expanse of Hudson's disciplinarian, and as the first and most popular Bay and the contiguous seas, doubtless furnish soldier of the age, would be quite sufficient for | these supplies from their evaporations ; whereas, the platform of his supporters. Or, if any-| from the width of the continent between New thing elee were needed, the platform of 1840, of } York and San Francisco, and from the interpos- “retrenchment and reform,” available in all | ing chains of mountains, the evaporations from the Atlantic and the Pacific are about ex- hausted before reaching the great interior arid wastes of Nebraska, Kansas, Oregon, Utab: Texas and New Mexico. The statement of Col. Jobn H. Stevens, touching the overland line of water communi- cation from Minnesota to the Rocky Mountains, is scarcely less important, if practically cor- rect, than the information of the natural beau- Col. Stevens eays that “a steamer can depart from the mouth of the Sioux Wood river, (a tributary of the Red river of the North,) ot about the central point of the western boundary of Minnesota, descend & distance of five hundred miles to Lake Winni- peg, then pass three hundred miles through that mighty inland sea, and ascend the Sus- katchewan to the base of the Rocky Mountains, at least three thousand miles of inland navi, tion, including the north and south branches” of the said river. Bat, after establishing the agricultural capa cities of the intervening country, and, with a theory sopporting the opinion that the Frazer river gold mines will prove to be exceedingly rich, the speakere at this St. Paul meetiag pro- ceed to the question of a Pacific railroad. Upon this subject they have evidently made up their minds--first, that Congress shall no longer overlook the general advantages of an extreme northern route; and secondly, that in the event of the continued neglect of Congress, Minneso: ta will fall back upon English capital and Kag- lish co-operation for a Pacific railroad through the British dominions, connecting with St. Paul by the way of the Red river of the North. In this connection, (including the Atlantic telegraph), from the reeolutions adopted by the meeting under review, we may anticipate a most extraordinary ventilation of this subject of a Pacific railroad between our Northern and Southern politicians at the next session of Con- press. The probabilities are, that in the con- flict between tbe extreme southern route, a cen- teal route and a northern route, the whole mat- ter, as at the late sersion, will be again and again postponed, and that while thus our sec- tional politicians shall still remain at a dead lock, our Minnesota pioncers, in co-operation with their Canadian neighbors and the British government, will bave opened a way of commu- nication by steam, including boats and locomo- tives, from St. Paul to Vancouver island, As Lyreanarionan Jvst.ee.-The suggestion made in our columns yesterday that the day which witnesres the first greetings between the heade of the British and American governments over the Atlantic telegraph should be comme- " n international holiday in all fature t commend itself to all who begin to appreciate the magnituée of the event, The present is the most propitious time to have that suggestion practically carried out. We, there- fore, renew the proposition, in the hope that if the President of the United States docs not in- terest bimeclf in having it adopted, the people of ihe United States will. It would be more appropriate to have the proposal emanate from the general government, but in event of no such action being taken by it, then it would om the nmnate%pality metropolis of the United come appropriately the great commerci States. Tae attanme Tetecrapy axp tue Two Govensme sts —Seme misappt chenefon seems to cxist io regard to the power that the Bridsh government wight, under certain coutingencies, cesrme ‘0 exercise over the Atlante telegraph. Irs feered Oy rome thet, inasmuch as both ter- minief the live are in the Britich dominions, cur government snd cifizene might, in the event of hostilities between the two countries, be «hut cut from eli participation in the ase of the lice. That fear, however, is altogether groundless, To show that it is, we refer to the act et Congress authorizing a contract to be mao» with the compavy, and to such sections of toe »ct of Pasliament incorporating it as bear wpe the point, which we pubiish in another pernon of the Herat. The act of Congress, eppreved March 8, 1857, atipulates— Thei the Ucited States, avd the citizens thereof, shall et joy the use of the ald eubmarine (elegrapa communal cutien Jor el time, on tne eame terms sod conditions wo ch bal be stipulated ia favor of the goverament of Great britain eod the eubjects beret. The sct of Parlioment, which received the royst assent Jaly 27, 1857, recognizes the right of the company fo extend to the government of the United States the same privileges which it exacte fer itself, in the shape of prioity in the transmission of its mes sages over that of other messages—thore of thetwo governments being respectively trans- mott-d in the order of time in which they are dclisercd In the sixty-secord section it is spe- cifically provided that any time after the expi- retion of twenty-five years from the opening of tbe line (snd when, of course, the coutract with our governfrent shall have expired) the British government may, if it deem it expedient, vstume the ccntrol of the operations of the company, ard retain it from week to week until tbe circumstances rendering such act ne- cessary shull have parsed away. That section is as bivding on the British government that it eball not exerciee euch control within the next twenty-five years as if it was aciause in a treaty between the two goveruments. In fect, the two acts, so far as they bind the respective govern- mente, are to ull intents and purposes treaties between them. Our citizens may, therefore, make their minds easy on this point. Our free use of the Atlan- tic telegraph for the neat twenty-five years, at ny rate, is as assured as if it were stipulated by rolemn treety between the two governments Even in the event of war between England and the United States that would be a sacred right, ‘to the recognition of which the honor of both governments is pledged. Duriug the Russian war there was a similar understanding between Russia and England that the operations of the fur traders of the respective nations should be in no way interfered with, and that uaderstand- ing was ecrapulous)y observed by both parties, A similar understandiag in regard to the use of the Atlantic telegraph exists between Eogland and the United States, and there is no reason to apprehend tbat, let what may oocar, there will be any breach of faith on the part of either gov- ernment toward the other. Tur Tereerara Stoce.—In the English pa- pers of the 28th July, brought by the Arago, we find the following notice of the condition of the etock of the Atlantic Telegraph Company at the London Stock Exchange on the previous day :— te securiti ‘Telegraph euniea th tee retuot priv ot OO ol 00, “aad negovated prices finally left off at 296 to 310, the fall being attributable to the ‘nelemency of the weather. Persons who bought the stock at the rate of thirty per cent on its nominal value—on account of the inclemescy of the weather—will have made quite a nice operation. We should not wonder if, among the earliest news transmitted over the line, it should be announced that the stock was at a pretty high premiam. That is a very good beginning of the influence of the At- lantic telegraph on the stock market. Sream Navigation on THE Erm Canat.—Last week has witnessed two events in the progress of science which will not be soon forgotten—one affecting the intercsis of the whole world, and the other those of this country, but more parti- cularly of this State. The great electric cable uniting the two worlds has been succersfally laid down; and the great water highway from the West to the seaboard of the State of New York has been traversed by steam power. Previous experiments to run steam canal boats on the Erie canal have hitherto givea iittle pro- mise of ultimate success. In all cures it was found that the wave driven to the banks of the canal by the action of the screw would wash oif the surface and fill in the canal. Bat a skilful mechanic of Buffalo has recently cons'ract- ed a boat with two engines, propelling « screw at each side of the radder, which by their action throw the wave iuto the eoutee instead of the sides, thus avoiding all to the banks. On Friday last this boat, with the Governor, Canal Commissioners and other officials on board, left Rochester for Buifato, whichshe reached on Satarday afternooo, run- ming at an average rate of from four to five miles an hour, against wiod and current, and carrying considerable freight. Tt was found that | she made a wave at the banks of about throe inches—not more than the ordisary canal bow propelled by horses usually maker, and less than two canal boats passing would make. Ia thie regard, then, the experiment may be deemed a success, and was so pronounced by all the par ties present. But it is evident that the success can only be partial, and hardly profitable, as long as the canal remains in its present ¢ondi- tion. Io order for the steamboats to be really valuable, the canal must be enlarged; the lows for that purpose 60 long refused musi be geaated by the Legislature. That is the common eenti- ment in all the western counties: aud perhaps that very fact accounts for the warm interest which Governor King takes in the project just now. The tenor of his specohes all along the route of the excursion last week would eeom to shadow it forth. The canal enlargement would make a very good cry in that region at the fal election. No Revouerion vo Fotnow rae Atiantt Tri.rorarn.—We notice that some of the papers as weil a#@ great many people, imagine tha the Puropean telegraph will make a great revo lution in trade, and in the habits of thought of the commonities that are thus joined together. But after the first flashes across the ooean this idea will vanich, The faot is, that during the past forty years we have been gradually pre- paring for the total annihilation of all the old methods of doing business. Men now living, ond wot aged, well remember the introduction evam and gas, Then came the rail- the greatest stage coach speed, od then the electric telegraph, through whieh the merchant in New York could hold daily conversations with his cor respondent New Orleans, before that time New Orleans was almost as far off as of way, at double in nage | Liverpool. But there was no revolation ia tzede then, People adapted their basiues wo “| tbe new facilities offered for its tranesotion Se | with all the inventions of the day. Ouse people gave long and painful sittings to urtixte for | portrsite cr miniatures on ivory, Now thy ¢ ure taken off by the photograph in a dash Che Progress of the age is great—the men of the age are the esme. The triempbe of evieace aad mechanics enable them to live faster inthe | tame time that was allotted to their fathers, and also to wear out faster. However, the mea ; of to-dey can eay they bave done some things that will leave am indelible record om the =; world’s history. Tamiry Bar—Ceniovs Comctevce —The tria juncta in uno is realized at Trinity Bay with the cable that binds three continents, Earope, | Africa and America, together. The mame fe + ingularly applicable to the fact. Soou Ada will be added to the trinity, and there will be [| an electrical girdie around the glove. THE LATEST NEWS. | ‘ THE NATIONAL LOAN, ‘The bids for the United States loan of ten mal ' lions were opened today at the Treasury Depart. | ment. The following are the terms of the loan:— H ‘Trearvny Darantaxyt, June, 26, 1864. Beried proposain wisi be received at thie départaemt ' ‘until twelve o’cloos nocm,of Munday, the 9. Augustoext, * for ten millions cf stock of the United Sates to be under the act of 14ib June inst, Said etuck will be rete burseble in fifteen seare from the Oras of January we bod Dear interest at five per cectum a onthe fret days of ‘No bid will be recetved below par, fraction i une thousand duilere. No bid will be ¢ Talk fs itd fi five per centum premium, three millions at be- ' half per centum. The principal successful bidders « are— Pank of Commerce, New York, 1,600,000 marie & Kapz, ae York, about 1 Robbins and Son telegrapbed the withdrawing of ne million of their bid, which, if allowed by the Secretary, will consequently leave but that amount awarded to them. 4 The aggregate amount of the bids is about thirty millions of dollars. - Among the succcasful bidders were August Belmont, and Riggs & Co., who offered to take the entire ten millions at a premium of three and seventy-seven hundreths per centum; and Sweeny, Rittenhouse and Company, who offered to take the whole at three per centum, i There were fifty-eight bidders. Several offers; were made at par, but the lowest bid was at one-half | per centum premium. The highest was at 7 3-100 per centum, bat these were for small sums. ' ' ' Oar Spectal Washington Be Ah ¢ THE GOV@RNM2NT LOAN —MISNSSOTA LAND GRANT— IMPOBT AL CISION OF TAS SECABTARY OF THA | INTARIOR—THS COLLIN 6THAMSHIP LINK, BTC. Wasaisoton, August 9, 1858. 1 ‘The bids for the Treasury loan were very numer. |! ous, and varied from one-half to seven per cent. By ‘ the award it was well distributed at an average of sbout five per cent premium. It is calculated by | capitahets here that the loan is worth at least one | per cent less on account of its general distribution | than if it were in few hands, The Commissioner of the Land Office is about iveuing a very important circular to the Surveyor | Cenveral of the State of Minaesota, toaching the loca. tion and selection of the public lands granted to said , { State for educational and other purposos. Anactot { Feb 19, 1851, authorized the Secretary of the Inte- ; riot to “ reverve and set apart” lands, not exceed. ing two entire townships, for anivervity purposes for the Territory of Minnesota. An act of + Feb. 26, 1857, directs seventy-two sections , to be set apart and reserved for a University, and applied ae the Legislature of the State may describe. In reply toa letter from Governor Em- + erson, wishing to know the construction which the Lond Office puts apon these acts, the Commissioner says:—“Pirst, the department must be informed whether the State claims to retain the selections made under the two township act of 1851, or, if it abandons those selections, whether they are in any wire encumbered. This information received, the Jand Office will communicate its views touching the proper mode of satisfying the University grant of 1857." This looks as though the Land Office did not recognize the lands reserved and set apart under the act of 1861 asa full grant to accrae to the present State, but a mere reservation for the benefit of tha edocational system of the Territory. A few sec- tions granted for the purpose of completing the public buildings must be taken in legal subdi- visions. The school lands will beselected in the usual | manner. Allealtspringsin the State, not exceeding | twelve in number, with six sections of land ad. ' joining each, shall be given for the use of the State, These selections must be made by the Governor within one year after its admission into the Union. Where the lande are surveyed, selection will be easy’ by technical and entire sections; but as there are many of the lands of Minnesota which are not sur- veyed, and some of these salt springs may well up in these undefined wildernesses, the Cotmissioner instructs the surveyors that the mode of procedure will be for the Governor to furnish the Surveyor General with the most accurate data he can obtain descriptive of the locality, taking a body of land in a square, jncluding the spring, look- ing to the four cardinal points; then where the surveys are made, the springs and lands can be properly defined and located, and within one year after the surveys are filed in the may be set apart conformably to the lines of the public surveys. Tere are lands enough donated to Minnesota to tempt the cupidity of all ber giti-