The New York Herald Newspaper, January 7, 1859, Page 2

z ————— it teaches him that it is impossible to impress upon the Legislature the difference between the necessity immediate convertibility wud ultimate security. Under these circumstances it is unnecessary for him to Present the seasons why be ceems bayds and mort. Gages not the ample security required” by the con- Btitotion for the redemption of circulating notes, Testing his objections to their reception upon their inconvertibility alone. Still be deems it due to himself to present to the Leguiature the fact that the preseut law governing the securities to be received for circulating Hotes works manifest injustice toa large portion of the banks and bapkers ¢1 ed tn the business of banking ia this State. The experience of the Superintendent, in con- verting securities heli in trast by him into imme tiate means to redeem the notes of failed banks, bas tought this lesson. ‘The prosent law in relation (o the description of secur ties to be deposited with b yn requires, 1 the language the statute, that they “shail be New York State stocks, ali cases © be, or © be mace to be, equal to stocic pr ducing Six per cent per auuum, oF, at feast, one-half Uo amount Ro deposited shall be 1 the stocks of the State 0 New York, a5 before mentioned, ana not exceeding on» hail in stocks of the United States, in ail eases Lo be, or to be made to be, equal to a stock prodasing au interest of Bix per cent per annum; avd it sail not be lawful for the Superintendent to také such stocks at a rate above their par value, or above their current market value.” “Or tho securities eball not be less than one-half in suc stocks, and one-baif ix bonds and mortgages upon im proved productive unmeombered lauds in Ubis State, ex Clusive of apy buildings thereon, sai mortgages be an interest of not tess than seven per coat per afiam, {oan amount not exceeding two-tiiths the value of Said lanes,’ (See chapter 318, Laws of 1819, and chapter 340, Laws of 1548.) The experience of this department proves that the bonds aud mortgages sold by the Superiutedent for the re- demption of circulating notes, Dot only during the dis asters of the past year, bot fram the beginning of our free Dank system, bave realized but anout eighty-cight per cent of the amount for which ctreulaupg notes bad been issued upon them; while the aggregate socurities, taclud ing both stocks and mortgages, m every mstance during the panic of 1587, with two exeeptions, have Drought more than sufticie em Wes entire circuaton issued up (hese exceptions arose trom the franiulent of the morte, vease, and the peculiar othe: conv ition of the stocks beld in-the the stock falling due during the year in whict the bank failed, thus real izing ite or no premiuin tw pay tue deficiéney arising from the saie of the mortgages, The practical effect uf receiving the present Securities upcn the system of bapk is now pursued tn this staw, is simply th ban which wisely, in the opinw th elect to pla one for circulating notes issued to th unositainty attached wo mortgs rintondont, as security © obliged, trom thy vrities, to place in ruade to be, equal to @ stock | per annura; wh x per © Js, and has deen, ober, 1857, worth hor words, Che sa sari Sale of tis class of sory stocks 1s mac ages. This is r be notes secured by t to those perior va spay the ineviuento Jose ape proper 80 far ag it relates to real estate, but mantest kers who have chosen to ion in saying that the circulating not ured bya five per cent stock of this State, or by a five per cent stock of the Stale of New York anc the United States, eqnal parts of each, are a5 abundantly eecured as tno: by similar Six per cent stocks und an equal amount of boods and mortgages. Unger this manifest injustice aud unequal operation of our present laws in relation to the securities to be depo- sited by the banks in tins de nt, thi rintendent does not hesitate to recommend that the Bank Nepartment be allowed to issue to ail banks and bankers, whese de- posit as gxcurity consists Of stocas alone, a par circula tion upoo a fiv State and the United States, equal parts of that every bank or banker may his mortguges, be permitted, i Superintendent, to change the die upou its or his notes from ‘stock and 1 to “public and be subject to 4 8 if stoc! deposite ubove recommendation, it {2 but just to at the Superinte nod by his experience of the convertibility ot the securities in his hans duriog the difficuitivs and disasters attending our banks during the fall of i that since the matic 1 no five per cent stoo of this Sta States has been sold by it, except at « premium Tabie No. 2 presente in detail the securities of each ankivg association and individual banker, beid in trust NEW YORK HERALD, FRIDAY, JANUARY 7, 1859. a ne a a ee RR RR: aE ot ee ee acme omar <claRDManiyh - -anag@ODeonr:onmeamne | convening of the » had placed thomacives cach quarterly report made to this department during the voluntarily in & position 6t onger than that recommended fiscal year. by the Superintendent, evideutly teaching the lessou that ‘able No. 16 presents the debts and liabilities and the when banking Capital in this Stete, ander our general mv and resources of the banks, banking associations jaw, finds itself in danger of loss, (and the loss wader that ane individual bankers, as shown by their June report, for law fathyg alone upon epositors aud stockholders,) it, each year, from 1849 to 1858, both inclusive, ibrough its managers, entrenches itself in a position, aud Tables 16, 17, 18 and 19 present in dotail the that speedily, which lovks to ultimate solvency instead of condition of every incor] bank, bankiag as- large profits. sociation and individual ker doing business in ‘The great and controlling law of self interest, once this State on the 26th December, 1867, 13th March, 1868, learned through the rough road of experience, is’ a {ar 16th June, 1858, avd 26th September, 1858. more effectual rule of human action than any statutory — MUMICIVAL T4XANON OF CITY LOTS MORTGAGKD TO THK BANK provisions, however strictly enforced, DEPARTMENT. ‘Table No. 7 presents the outstanding circulation of those A diffien:/ty im relation to the security held this de- incor porated banks whose charters have expired, which, | partment (or circulating notes issved upon is and on the 80th of September, 1857, was, 13,427,421 mortgages caveriug property located in some of the citios Do. do. ‘1858, was. + 2,455,261 | ia this State, is forced upon the attention of the Superin- ——— | tendent by the increasing number of notices of the sale of Returned and destroyed during the past year, $972,170 | property so held under municipal Jaws. The following is ‘Table No. 8 presents the names of the soverai banks | a copy of one of a number of notices served upon the Su- whicb have ceased the buswess of banking, and whose | porintendent as us'gnee of the mortcagee:— notes are redsemed on behai’ of the Superintendent at the | Wo, sm. Burvato, Sept. 12, 1858. bank whoee name is set opposite to each, and also the | To rne Rankine DerAaRTNRNT:— time whep such redemption by him will expire. ‘S1k—You will please to take notie that on the 4th day of De- | Tuble No. 9 presents the names of tho insolvent banks, | cember, 1656, pursuant to an order of the Common Council of | the rate of redemption and the places where redeemed. the city of Buffalo, the following parcel of faud was soid by said A portion of thuse named in table No. 9.aee in the hanas | (t¥,t0r the nov payment of un nencanlieny lavded Ine dation | of receivers, aud their notes were allowed bo go to pro- | and Kilicott atreets, for the purpose af a pubde market lot, | test, and thoir securities sold by the Superintendent, | Sufficient money retained in his bands to cover their cir- } culation. The balance was paid over to their respective ro- | ceivers. This was doye at the suggestion of theSaperin- tendeot, as the only method by which the reveiver of a lice bavk could Close his trust, under our present laws, The Superintendent most nespectfully calls the at- tention of the Lagisiature to the folfowing suggestions: — FINAL CLOSING OF FRER RANKS, By the provisious of chapter 370, of the laws of 1867. the trustee or legal representative of an incorpor: bank, after redeeming ninety per cent of its circulation, may deposit with the Superintendent a sum of money equal to the outstanding circulation of Wie bank; and after giving notice that the notes will be redeemed by him duriug six years immediately following such notice, the Superintendent, at the expiration of the time mentioned, refunds whatever motey remains in his hands, to the trustee or legal representat and the notes then out- ‘said sale, being hid off by the city of atfalo, under the cbar- tere tor the sum of $12 07, and for the term of 100 years. And yor aa mortgagee are required to rthin six Te ins nokia Sheeran are a e Berviee O! 3 notice. 4 my are de~ woonled ‘ay follower fot io the clty of Buflaloy Brie county, New York, op the porth site of Genesee street, being 50 feet Het aaceriota ston Wilcox. Your obedient sorvaate aron Wileox, vi an euRonene WM. A, CHARD, Agent, Tt will be reawily seen that the description ‘tue lot is the only guide by which any clue to the mer can bo obtained, and as no such indefinite description would bs accepted’ in a mortgage offered this department, it is 1m- possible to ascertain what mortgage held in this office covers the premises in queation, Neither does the name of the p to whom the same may be assessed, aiford any evidence of tbe execution of the mortgage by him, ‘Again, the notice furnished gives no evideace what bank: assigned the mortgage to the Superintendent. ‘Thera are over three thousand mortgages vow in this office; and even were the description in the notice the samo as re- quired by the department, it might take months to find ‘Yhere are no valid reasons why the same provision | ve observed that the notice requires the payment of a certain sum of money in a given time, or the possession of the mortgaged premises passes under the purchaser for one hundred years. An at- tempt was made by my predecessor to prevent the in- crease of this class of mortgages, by refusing to take any property located in accity, uniess the walk was flagged and gutter paved, us this class of improvements was sup- posed to be the occasion of municipal taxations, upon which a gale of the property could bu made for a term of years, The notice is for a failure to pay a tax for the erection of a market. This tax levy may be upon any upooc ed lot im the city without reference to its lo- cality. "The ‘Superintendent would respectfully recommend that the statute relating to notices of sale of property for mu- should not be applied to the receivers and assignees of free banks and bankers, ‘The provisions of the statute in relation to voluntary closing of Duuking associations nud individual bankers are | not cnurely satisactory to the Superintendent, so far as they remte to the execution of bonds for the redemption of their outstanding circulation, after the expiration of two years, dnring which the notes «re redeemed by Bin. ‘the difficulty 5; the owders of ftho bank, or tue banker, is not legally bound to destroy the notes they or he'redeems curing the six years in 4 which he be bound to redeem them iy the terms of the d to the Superintendent. The eredit of a uk note is such that it can easily be again pat circulation, And in fact, at the end of sit years, whoa 2 | the obligation to redeem the notes ceases entirely, the | vicipal taxes, to a public officer holding bonds and mort- 1 whole 8 ng andin the bands ofthe | sages in trust, shall specify the name of the original mort- gugor apd the assignor or assigpors of the same to such poblic officer; ana without such specific notice the sale shall be inoperative as against the mortgage so beld. It is perhaps proper here to say that the present Su- perintendent has heretofore declined, and is not willing to receive as security for circulating notes, mortgages upon community iS 18 wre principle, and while the Su perittencent does not charge that this bay been done even in u single ivstance, sul) there is uo reason existing why vhut take place, no legat enactment preventing it. 5 tin relation to the bonding of bank note it roulat { yo is, Chat ulthough the bond is executed to the ‘ Superintendent, no express authority exists for its | wueccupied city or town lots, believing that this class of prosecution — on to comply with its pro- | property does not come within the meuning of the statute, | requiring them to be upon improved and productive as well as unincumbered lands, ‘The amendment is intended to protect the mortgages already in the department, ENGRAVERS FOR THE HANK DEPARTMENT. During the past spring a change took place in the ar. rangements for engraving bank note plates and printing bank notes for this department. ‘here were employed by Visions, No occasion | iv reiation to this point, Would proseente Lhe be parties have refosed to regeem the notes presente | resulted in their prompt redemption on a second present- } ation |, The experience of the Superintendent during the past yetarisea to test his power tice from him that he ear, in cus ovoriug to ente Fee the per! rmanee f obi the Superintendent seven different firms and individuals, {picasof the banks to pay their just instalment to 1 Known as engravers of the Bank Departmeut; each bank |f/afety Fund upon the expiration of their charters, ronders | Gr banker under certain rules being allowed to elect ity BUX GUS (0 have as few ocr 1 #8 compolied, of asions as possible Dy which cially, to apply to the courts, either to tL moneys due the department or to enforce penalties he non-performance of duty by the banks, banking aciations and individual bankers of this State He wonld theretore respecttnliy recommend that a closing bank be required to deposit (after the redemption of ni per cent of its circulation as now required y law}, the mouey for the redemption of its | olitsianding notes, with the Superintendent, to be by him deposited’ in some svivent bank in the city of Albany; and wt the expiration of six years from the nuaking of such deposit the balance of mouey remaining, after redeeming all uotes presented for redemptien, to be refunded to the owners thereof, aud that the notes tada out- standing cease te be 4 charge Upon the association or indi- vivual banker making such deposit—thus abolishit system of bonding Lenk note circulation enti which of thoge parties should engrave the plate it or he desired; and print notes under tho direction of the agent of the Superintendent residing in Now York, in whose charge the plates were kept. The plates when uot in ac- tual use are sealed up and kept ina yault in the Bank of the Manhattan Company in New York, or in the vault of tee Bank Department. ‘It is due to the Manhattan Com- pany to say that the use of their vault bas been giveu the departinent without chargo. All of the engraving houses, during the past season, have formed themselves into one company under the title of the “American Bank Note Company,’ by whom all engraving and printing for the department is now dono. ot this office, have been greavy promoted, in the opinion of the Superintendent, by the formation of this a mopaDy. : 4 i ** | olber and recessary amendment to our present laws in re- ‘ ‘ 1 3 pet yd pe iene nlp ra OF circulasinis HORS | Tacson to closing and insoivent banks, 1n the opinivn of tbe Leet ties yang or bane woter: wna neal Caiet ana “Tt may not be amiss for the Superintendent here to say | Superiptenoent, is to direct him to pay into tue treasury | the attention of the Superintendent. The counterteiting that be believes every t ed to every freo bank jn the State to be am: red, The best possible proof of the strength of Us class of bank note currenc, the fact that during the three years the Department has been under his charge (during one of which a gencral suspon- sion of specie payments occurred), the entire loss upon this description of currency has been but $7,989 64, of which $5.30 24 was the result of fraudulent representa- tions of the value of premises mortgaged to the depart- ment as security for circmating notes, ajcontingency which cannot ogain arise under the present regulations govern- ing this clase of securities ‘The failure of the Reciprocity, late Sacket’s Harbor Bank, the Bank of Grivans, aad t Yates County Bank, incorporated institutions, adds tar, to the loss upon our State curreney. Th receivers appointed by the jurisdiction or contro! of the Superintendent stood that liberal dividends wil be mad note holders. This opinion ts based upon let their respective receivers Table No. 3 presents the increase of bank c: ten successive years, aleo the increase and d culation issued by this department to the b, associations and ‘individual bank It is a noticeable fact th tal bus risen, in in 1849, to $110,000,0 sented a slight compara increase, tuations, until it has fallen buck to wit 000 of tie amount in 1849, This ten our banking syst mark of the Saperiptencen “that whatever may ic ments, either the currency of ou: m its produc 8 is perbaps U to express lis Views upon th law in relation to 4 Danks by a special agent, seif By ofile powers vency i and also th ter 4i¥ of the iawe of 1864 This power is substant courts and the of all in the hands of vurts, and are out of the itis undor. . banking duriug that period of bank capi 0,000 yadd stability to of the re dent eat D0 aus of a Vank upon t Superinter « mine. It has been ¢ : rintevdent. tof the a Lis ug a slight weight i ton affair of the bauk he waz ite receiver, appowted by the court at th tion of thi officers themecives, a I the property and elf i Lis aLd power, eve The eflect of this power is simply, if the Dark is re dorsement of the Snpcrintendent, am rs are placed in the bonds of a xamuination ean be corpicted or made © there are two va stotite in relation to a 8 ptendent. Th useless in its operative lear upon the the Superinter over our banks, bey they issue. Iv is true wr upon the ex if rs of @ bank whic suspects of making incorre imperfect quarterly report, unsound or unsafe coneition; bat all exper teaches us that an ingolvent bank never exposed that ineoi yency, OF auy ( such a resuit, io ity quar- +. Vigures afiidavite ade by of ig in au are 1 < pose ney oF defulcation most wijunets to conowal the real airs, and the law is keeping the promise of protection ihe public eye alone, avd throwing an Ostensibie responsibility | uperiutcadent, whieh it is utterly imnpossibie for him to fulfil, + with its pre pvieions, if simply an inoper stat p ber 1 ts from tho vigilance of the Superintendent, and utterly useless in producing euch Effects as are apparertiy promised by it, how ful and energetic he may bs In the second piace, it is in direct contravention to er wateh- the spirit and meaning, as understood by the ynt Superintendent, of our general bank In which looks, aud properly 60, to the ques tion of securing the currency alone, and that at the sacri fice of all other parties in interest. The conatite the law assume this to be the first duty of the bauker, vy Jacing persona) responsibility upon him, that respousibi fy to be entirely exhausted, if necessary, to rede currency iseued by bim. and compels the dépos.tof a » rity in the bands of the Superintendent for its redemption, in addition to the respousibility of the banker. The very existence of this power of examination, as ghown by the original act of 1843, 18 a remnant of ours tem of banking under the old method. The words of t ection of the act of 1845, are: “Tue olfce of Bank Com miraioter is hereby abolished er, tba sbali be competent for the Sup bail have good and sufficient tion of any amine the il ‘The whole statutory provision nation of our banks, £0 jar as the free bunks s cerned, is a delusion and is purely a cheat of tue @ of the State, by making them believe that it tends cure them from loss by thoee institutwns. It is unneces: gary for tho present Superiutendent to endeavor to show by argument bis views in relation to our ‘ree banking eye tem, for they aro well known from former reports upon this subject. He would strike from our statutes every Vint @ special agent to ex &O, in relation to the exami. ec and banker toseoure, beyond any contingency, the ‘circuiting votes received from the Bank Depart ‘and leave the use of capital in the basiness of bank of a former report), * a8 free am ite me {Png olber branch of bhutan industey or vif ‘This opinion, however sop may an had oe confirmed in the mind of tie Snperinteadent from tho re y of our banks in Ontober, 1857, fol Jowed resumption in sixty days from their suspen Bion. q Superintendent, ia his report of the lat of Jan following, took occasion to recommend the pas. ienoe ‘an act compelling the banks of the city of New fork to keep twenty per cent of their deposits in coin in and that the interior banks should als ‘and balances due in the city of New Troy, or Brooklyn, the same propor means, The banks, before the calculated to embarrass that business, exe | maki ofthe quarterly and weekly reports, and forcing every a rand | m the | of the State all Unclaimed balances remaining in his hands after the expiration of six years from such deposit. Vable No, 10 presents ‘the names of the banks and vankers that have closed their business and bonded their cireuiatzg notes, with the names of their owners and residence, the sureties to their bonds, and the time and altering of bank notes have reached a point that some efficient steps should be taken if possible for their proven- tion, The wholo matter is one surroanded wit difficul- ies and embarrasements. Efforts of various descriptions have been made to stop this evil, but it is growing rapidly and becoming a question seriously affecting the utility of when the pentity of the bond to redeom their notes ex- | Hank note circulation. pires. The number of banks thus bonded, the Superin- | “The Superintendent looks upon the alteration of the de- dent hopes will udd force to his recommendations to 7¢- | pominations of bank wotes with the greatest alarm. quire a deposit of money hereafter for six years, instead of & bond, however sound and solvent the principal an sureties of such bond 1 ‘Tabie No. 11 presents the number of notes and their re- s, counted and destroyed fur the eo and in daring the past year, in the cepartiment, and their aggregate amount in dollars. The amount is some miilious m advance of the usual business of the office. Table No. 12 preeents the number of bank note plates destroped during the past year, under section 5, chapter 189 of the of 1857, with names of the banks and the denominations of the notes upon each. RANK FUST ‘The perpetrators of this description of crime have be- come £0 akilful, that an acquaintance with the vignette of each denomination of notes is almost necessary to detect the alteration, Ingerting the denominations of the nows in colored letters has beon resorted to, but it furntahos Mitle or no protection, a8 those most in use are easily erased, and that without injuring the black tiie used in printing them, Printing the denominations in colors, therefore, is a delusion if it is retied upon to establish the original overcome ih a great measure, ia the opinion of the jopting the green color ef the Ameri- mpany. It is believed to be inde Table No, 13 presents the account of the receipts and | s ( that it cannot be extractod without deatroy- sbursements of this fund, and also an estimate of its | ing the black ink as well ag materially injuring the paper. rly condition untii the Guat payment of the stuck, the | While the Superintendent does not believe in the neces yearly | dastof which fa It will be noticed that the « ving a green tint plate, he thinks that ary, 1866. é the face of the note, showing the denominatior $ that the J dent may be liguidated on first’ of Febrnary, 2 prowetion vow Kauwn agatust altering notes, | 1863, Vg an excess of 25,440 13; but assuming | would be an improvement to make the bo | that the stock will not be paid until due, first of } letters occupy a small portion of the spa: to the | Febroary, 1866, the estimates are contiaued until | signatures of the president and casuie aking a that dat btil the expiration of the charters of all r respective signatures over a part of the portion of green nud black colors, The adoption of a icitered de. ination in green is also a protection agaist photo hing equal to any other color as well as against alter corporated bavks; showing a final ba at that ver the am. ant hecessary Ww pay the outstanding -al year 1859, there will be an ab- by soiute de | the Su ifort will be mu: 2 of the mort) ho specimen of a y he eye of the Wy person conve 49. Ane ert a porti this de tograph ndent ant with bank tendent to co mmto ma note | the tim 0 Stock | year, 6 bundant means to meet | the ame Ii of this fuud, showing an ng bauk nows ure ge public exe t jnat to state that this is but requiremen compeiligg their de. : uppostion that every dollar } struction. They are us ud perhaps y taking stimate of 7 plates nn. 1ctiou NOW of thre: n eugray ad they continued to comb would haye been | new count ginal estim: Witt wt now having in his stock issued srion and ¢ 504 the banks iull, and leave @ this State, w ie duty placed vpun him of arplus f closing and insolvent banks, it law against a bank which had refused to pay aperintendent that all counterfeit plates the talment of the safety fund has ben pending aken therefrom ehould be re several years between t of an expired Inuit and for desiruction by executive offt- thi possession the gaue may be, alter being sed dence when necessary; and it should be the lent to destro: ons and name inty of the Superinten the number, denorni Legilature It is but just to say tt apparently terte Superimen hem and report of the baak to the banks, payin 2 the result of thos t this recommendation, although we officers: ment of crime, is usultation with, and 1” in place of ral of, the Police are of thé city of “on of belore the 4 where coun ring bank notes The swt tried in the courts below, anda verdict Th counterfeiting in tavor of the people of tie state, but was foal | or altering of bank notes operates with force against their 4 to the Court of Appews by the ‘defendant, for | circulation, and tends to curtail it except in the immediate dee on of that trivunal was | vicinity g ‘the bank, where the community are familiar erze to 1 is eedioas for the | wih iis "notes. » banks of this State have a deep in Superintendent astonishment and opping this growing evil; and the formation of disappointment a this importaut fact, that j Point of time between thi reault. Still, he learned ‘¢ Was an infinitesimal lat of December and the tion on their part, like the New Bug- As suppression, would weil repay them direetion. ist of Janvary, p ly at which a corporation urities transferred to the banks, bank- } ceased to exist; aod that, exactly at tbe right moment ad individual bankers during the past to prevent it from p sum of due the of which have been countersigned and en: fund for the privileg ks of the Treasurer's otlice, ia. ng follows:— jug the of the $7,031,359 65 Bank of Ut as defendant . 1572/3908 62 in this snit, was continued in furce by chapter 216 of the , until the Ist of January, 1850, lawe of t The bank. Tota! tranefers, $3,603,768 27 by the aceeptance of this con of its charts In concluding this report, Super} lent reapect- placed iteclt und 19 Safety Fund act, | fully submits and recommends the following amend- by th nd to yp mevts to th eperal bank Jawa, all of which tributio’. of one-half of one per cent per have been referred to in the preceling pages: pay a tions taade upon it First. ‘To permit ail banking associations and individual Sept th nent, which was due hanker®, whore deposit of securities consists of stocks Ist of 5 alone, to receive @ par circulation upon all stocks bearing | whieb was con an ot per annum thet are mow re- 1804 ceivabic i epartment. T shown by the opinion of the Court To pmend chapter 870 of tho laws of 1857, by {a based entirely upon the ground * provisions of that act relating to trusiees of | that the corporat ased to exist, or m the words of or 1 bonks, to the receivers of bavking assocla- pinion, “he OF YORALIODS Exist the | Hons, aud to the receivers or assignecs of individual when the paym to be made are | tomake | bankern | wt {With the most profonnd resp abWity of the Court, une Superint | decision e#tad.ithes « chatinetion wites ‘Yo abolish the present systom of bonding bank fon and substituting a cash deposit jor the same uth. To authorize the Superintencont to pay into the avury, for the ose of the department in paying its gene s,all balances remainivg in lie bands that for six yours: logal notice that ehal! be served upon the pew the pa day to Ww n to die so ear | exe rai expen lave bee Pith vyon th Although the n only reverse pert ; in relation to avy mortgage of which be | ordered w m araipne | contain the nav the mortgagor and Soperintendent to #top the suit and settle tuecoste, | the dereription of the premiser,ax shown by the mortgage | the ¢ Ha K the points upon which a recover uvering theta, and the nate of the party by whom it was | contd only be made, aud a new trial would have only in- | axsigned to bim s | volved increased expenditure without the prospect of ulti Sixth. Tu make it obligatory upon every public officer mate Ber into whove Lands hall come any counterfeit vank note It is but just to say that the #uit was comm: porintend wo 0% fore the preseut dent came 00 wth od long | pte or other device for counterfeiting, ot any coaun- \erfelt bank noter, Surrender the saiie to the Saper- | bas been continued by bim with an anfaitering faith in | intendent of the Banking Department afver using them the justice and equity of the samo, entertained by for the conviction of the party in whose posseasion they conrisel ag well as bimvelf, were found, apd taking it the duty of ue Superintendent ‘The amount abstracted from the fund by this decision iy | to destroy the same, and prevent a list with their denomi- | $6,648, with several years interest, and @ further loss of | nations and names of the banks to the Legislature, in his | $875 64, in costs in the effort to entorce ite collection, | apnoal paport. ‘This amount forms no part of the estimated assets of the | Thess are all the changes in our banking system of a fund beneficrl character that appear to lin either necewary | The act of 1861, changing the date of payment of con. | or derirelie at the present time, | tributions to “on or before the 3ist of December, in each he nt session of the Legislature will be an excep: | year,’ saves the surplus from totalannihilation under this | ton t re gine ‘he creation of our present general Gecision of the Court of Appeals. bank Imprac' cable and theoretical profects and Ot the costs above referred to, $616 54 was paid from | amen vis to that law are Dot presented for ite con- the State appropriation for the * costs of euits.”” Paytaent tion and action, ade from that fand, the snit having beon den or violent change in the principles of that of the people, The treasury shouid | low, or unusual restrictions beyond those now in force, be reimbursed from the bank fund money; and the Super. | will smply embarrass its action, and that to, wichout intondent recommends that an appropriation be mace py security to our currency. Oar system of from that fund for that purpose, free banking, opening that pursuit to every citizen of the Table No. 14 presents the aggregate of debts and liabill- | Mtate whoee inclination or interest leads him to enter ties, and means and resources of all the banks, banking | upon it, afforda a most substantial reason why great enu- assom@ations and individual baukers of this State, from ‘ tion thould be used in changing our present laws in 1 Drought in the 1a ‘The safety of our bank note circulation and that of the | banks, the Manga, # of the engraving and the convenience | amount for which the note was issued. This difficulty is | te to it, The interest of every class in the community is ch ely connected with the successful prosecution of that, bt ness. It farpishes the best paper currency in the wo d. No complaint can be mate that special privileges are ¢ranted by it to individuals or classes of our citi- zeus ‘The parsuit of wealth or distinction im its (1 eeution is open to each aud every citizen alike. It lov arisen frem the disasters of the past yoar with a \ OF inberent in itself, and is of uasurpsased usefulness again, and this while imposing bat little 1es5 upon the public in the use of the currency issued, less in t than the abrasion of gold would bave been bad its placo and vse been occupied by that metal. As before stated, plans of reform of our preseat bank lawa will Be. dably be presented for your consideration, the result of theoretical minds instead of practical knowledge of the workings of the present system. ‘The «amendment of any general law operates upon every institution formed under it alike, without retereace vals capital or condition, {t is changing the iron present law and compelling al) alike to expand or contract to its new dimensions without refereuce to capacity, inclination or adaptation to its demands, An amendment to our bank laws perhips calculated to ops- rate beneficially for the people and to» banks in one toca- lity, might bo fatal to tho prosperity of both parties in another, It applies to tho entire business interests of oor citizens without distinction, and operates alike upon every city, village or town in the Stato, in which & bank ia estab- lished. The amendment of any’ genera! law under whose provisions capita! has concentrated itself in various locali- ties is hazardous; particularly 0o when the interests of our citizens have become #0 interwoven with it, as in those institutions that have come into existonce under the geno- ral bank law. There is no suiject that will come be- fore the Legislature requiring more careful deliberation than amending our bank laws. All of which is respectfully submitted. JAS. M. COOK, Superintendent. Music and the Drama. Traian Ovrra,—'The * Marriage of Figaro” is announced at the Academy to-night. M’lle Piccolomini and Carl Formes ave to represent the principal characters, Crecvs.—Mr. Pastor, ono of the chorus, is to have a Denefit this evening, which is tho last but Gae of the cir- cus season at the Broadway theatre. The Dill is equal lo any that has been issued. Bowrry.—The exciting tragic drama of “ Jonathan Bradford,” the comic pantomime calied “Asphodel ? and the historical play entitled “Oaptain Kya” are to bo per- formed this evening. Buntox’s.—Miss Fanny Morant is to be the recipient of ® complimentary testimonial benefit, on the occasion of her farewoll appearance, ta night. 'The Howards, the Bouaxary ballet troupe, &c., are to appe: Mr. Waxzack and his patrons continue to ve very well satisfied with the * Merchant of Venice.” LavRA Kukve also adheres to tho wonderfully popular comedy called ‘Our American Cousin,” which is to be followed this evening by @ rattling fitule farce, AmMEnicAn Mosrem.—After having become somewhat fatigned with the examination of the multifarious curiosi- hes, visitors can retire to the lecture room and witness the acting of the Zavistowski aud Wren juveniles. Minsrusy.—Tho large numbers of people who nightly patronise Ethiopian entertainments capuot be otherwise than satisfied with the offerings of the different managers this evening. See their respective bills, ‘Tum STRAKOSCA TROUPE AT CrAKLRsTON.—This company, which includes Mme, de Wilborst, Parodi anLStrakosch, Amodio asd Squires (tenor), have been giving concerts to crowded houses at Charleston pnuh, &e. The jours nals are enthusiastic in their praises of the artists, the prime denne especia! Madame de Wilborst sung a French laughing chansonette, whereupon the Courier called ber a “silver Jaughor,” and goes on to Say: The exq her pliant voice is enlivened, and enriched with the teeimg the air and language con- in. Her whole nature is one of the most deticate sus- puibly, and her finely strung nerves are aa obedient to the sentiment of the music aa are the vocal cords to the Sweet commands of her breathings. Those notes are kindled before ber lips part, and the sparkling airs come ont sometimes in rapid succession, rising above one another, and pealing on the astonished ear with a delicious fury and a ravish boisterousness. Often ehe gives the fail sound to asericr of notes, rounding each one as itis egeaping, with cons)immate art, and then she extends a meliiluons swell to the farthest compass of ber voice, then suddenly takes up a sbarp note, or, lessening the volume, smoothes it down until the sumptuous sound becomes a fuintly uttered © c. Th is hot often we have* the opportunity of listening at the same time to th Parodi’s and Mme. Stra- irown into an ecstacy by rs, Mile. was announced in Nashville Miss Jean Haye is playing at Charleston. Anpe Urvise bas jomed the company there, Mr. Wazcor bas finished an engagemont at Mobile, Our popolar comedian was very successful there and attracted 4 crowded house for hig beuelit, with a piece de circon- stance called “Our Susan,” and incidental to the escape of the schooner of that name. ‘Miss Charlotte Thompson, formerly of the Now York theatres, has been playing Pauline, in “The Lady of Lyons,’’ at Savannah, and was much praised by the press. ‘Yum Smasox AT New Onteans—Mr. Burtox.—Mr, Bur- ton made his début in New Orleans on the 20th. The Picayune of the 21st says:— At the St, Charles, that eminent comedian, William E. Burton, made his tirst appearance for years before a New Orleans audience last night. He was received on his first entrance in the manner his fame and talents de- served. He chose for the occasion his great part of Captain Cuttie, im the dramatized version of Dickens’ popular novel, “Dombey & Sau,” a character ho bas made own, having played it in almost every city of the Union with the most unqualified success The good hearted, rough coated, simple headed old sea dog, fuil of quaiut scraps, taken at random, as occasions require or do not require, from his ecanty literature—the Bible, the Merry Warbler, the Catechism and the penny baliad--and of indicrous malapropisms in their application, he is the very embodiment of this, oue of the most natural of the ite-like originals of the fase'nating “Boz.” Mrs. Hughes, as Mrs. Skewton, the silly old woman who, at the very verge of the grave, talks about ‘tea and china, neouvres to sell her own flesh nud blood to a purse-proud tyrant, like a horse iu the market, was admirable in the actness with which she photogray drawn by the novelist. At the latest dates Mr. Burton and Mr, Walcot were playing together at the St, Charles. Mile. Connie has appeared at the Orleans in Auber’s opera, “L’Ambassadrice.”” ‘The papers call ita “brilliant aud successful performance.” At Piacide’s Varieties the stock company was playing iu standard comedies to fall houses, The Picayune announces the early arrival of cech with his concert company, and says tuat opera sare to be given during the Winter by Uliman and Mareizek. The speedy arrival of Christy and his minstrels from 1s ang Mr. James An- hed the character as dergon, who lad beeu playing at the St. Charles, bad left for Mobile. Srare pel, of N 118 preparing f city of & m Lougtellow’s « ‘a © fia warna”? ww York, Meste.—Mr. Stcopel’s + Hiawatha’ is a cantata divided into fourteen parts, which are to be connected in the performance by recitations from the poc if. The selections of the fourteen parts of which the cantata is composed it © not necessary How to speak in detail. They inciude airs for Mezzo soprano, tenor and bass voices, choruses and de- soiiptive orchestral interludes. The opening piece is the song of the Great Spint, “0, my children, wy poor chil dren,” from the tirst pact of * Hiawatha.” ’ After the con- nechng recitation a chorus follows, in which the birth of Hiawatha is related. From this point the priacipal events in aye jlustrated—we have the cradie gong, tolling is infancy: the building of the canoe; the battles with Mucjekeewis and the Pearl Feather; the wooing; the wed- ding feast; the biessing of the corn flelds; Hiawatha’s lomentation; the death of Minuelaha, The faal chorus describes the return of spring, after ‘ the cold and crue) woter. Mr. Stoepel’s work will be performed at the Music Mall as soon as the necessary preparations can be comploted—probably early in January, The recitations will be given by M pel (Maviida Horon); the cho- ruses will be sung by the Handel and Haydn Society, and the solos by the best of our All the orchestral resources of this city, and more if necessary, will be em- ployed. CauvorA.—The last mail, to Dec, 6, brings nothing of importance. Mrs. Joun Wood had mate her rentrie at Maguire’s Opera Bouse in “ Phe Youthful Days of Riche- liew.’’ The Misses Gongenheim were at the Loxpoy.—Qor correspondence per Asia saye:>—Mr. and Mrs, Barney Williams, having sacked the Frish metropolis of a fabulous amount of spangles, are now doing the like at Manchester. Mile. Victoire Balfe (the daughter of an eminent composer) is engaged at the St. Carlo Theatre, Naples, to sing with Fresehini, Mr. MeKean Buchanan continues « prosperous favorite in’ the provinces. Mr. and Mra. Charles Mathows lave succeeded Mr. and Mrs. Barney Williams in Doblin. Mr. and Mra. W. ©. Forbes are starring with much success at Hull, The charming Datiads of Walter Maynard and the poetry of Dr. King are the foutures of the musical world. Divssrs. Creswick & Shepherd aiways do well at the Sur- rey, and Mr. Wm. Creswick Jntends paying another visit to the States at the termination of hie partnersuip, Jullien, at the Lyceum, with his extreorainary piavoforte and violin players, Mies Arabella Goddard aud Wienawsker, 18 driving a roaring wade. Salia comble tous les soirs.”” Sir William Don, Baronet, made his firet appearance at the Haymarket theatre, with an atnount of success that has eecured favorable notice in all the morning papers, aud good bookings at the box office for 0 k. So both Bueketono the suort and Sir Wilham the Jong must be ia high giee. ‘The Pyue and Harrison Eagli¢h Opera company ocntingr on unparalleled carcer of suecess at Drury Lane. The Olympic, which, under the management of Messra Robson & Emitdien, hae never been jacking in novelties of a first rate charactor, produced last week a very vlevar and really dramatic ptation from a Vrene\y play, en- titled “Te Crochets du Pére Martin,’ by Me, John Oxen: ford; an it met with « most complete success, The drama is entitled “The Porter's Knot,” and shows how the ex- travagance of a son roay bring a futher to poverty, and how a suffering father’s energy can sustain the hard pri- vations to which the hopeful youth's protligacy has ex- dhim. Sampeon Burr bas hardly warned by honest Jubor @ fair competence, and with paternal pride desiring to place his son a step or two above him in the social renle, has cent him to walk the hospitals and learn to be a doctor. Augustus, however, is inexperienced and sone- what foolish, #0 he falis into the nets of another wild fel- Jow—one Stephen Seatter—who together plunge into such Gieeipation that at length, w provide the means for guilty res, the former \# induced to borrow on hills or securities of an oily, usurious lawyer—one Smoothly Sineck—a very large sum, which the father, when dao, is wholly unable to pay, aud’ the youth {# gent to Australin to repair bis fortune, Old Sampson, however, is » down. right honest ian, and, to liquidate the debt, consents, with hearty moral courage, to lower himself to poverty and-become a railway porter, in which Gapacity he meets with Stephen Scatter, who has meanwhile become a re- formed man and taken the position of a policeman. The foree of the piece depends, of course, on the struggles of r Sempeon and the domestic annoyances resulting from Eis change of fortune; and toet admirably were al! the phages of an honest man laboring under adversity dis- yed by Mr, Robeou, who has hereby added another eo) to his alroady hich craraatic honors, Tu fect, be ‘anactor of marvellous ebiity—equaily great in high or low comedy, but gever so greet a8 when he an tes high feeling with & touch of broad iarce, Me. G, Virmg gave the two very opposite phases of Scattor the will student and Scatter the policeman with much cleverness, and the sleek Lut grasping lawyer was auimirably represent: ed by H. Wigan, who t6 evidently & moet improving actor. Rustor! anp THE Draata.—In the present degraded state of the drama, when authors are compeiied to write for a3- tors and moanagers, instead of following out the striving and aspirations of their own genius unhampered by inop- portone suggestions, it ts detigttfal to read the epinion of a distingusied gewius ike Madame Késwori (as given mh letter to M. Sun Giorgi, the editor of a paper at Bologna) :— “The true and only way of sttuining drtmatic perfection and theatrival suree gays she, ‘is to encourage an- to obtain for their productions tas well also as romunecation; a (which is vory difficult), at uby rate 88 great ua possible. "This is my obj and tte tho duty of every setor to forward this end, ‘To show the | vaiue of the beautiful and keep up the public taste for its true perception, classic works muat be reproduced. His mission, indeed, beth as an actor aud @ citizen, is to com bine bis talents with those @f contemporsneous authors for the purpose of jilustrating their works and giving the living spirit to the dead letter, showing aléy to those who may come after Us that we do net confine ourselves to pay ing honor to the past, but that we desire toTurich our country with new glories, and Of her arttempies with new gots. Actors and authors, indeed, should form a ‘single family—a Fipgie living existopce —» Slogle arm of Mrongth, to which should be confided the aouor aud pros- perity ot the mutional drama—whicw, thes atanaged, will ever be actnired and respected both at home and abroad, * « # % Jirmiy eonyineed,” continues she, “of these truths, T have set myself to work: and T reward to the ut- most extent of my power those who offer me the products of their talent, throwing my spirit into their creations, co-operating with them heartily, and proud of @ share in their success; nor will I be hindered by the lack of laws in many countries for securing authors’ rights, vor by the piracies practised by even actors themselves, to the great injury of our art. Meanwhile, T shall avail myself of all the powerg the Taw may give te to punish those who n+ vade any rights | may have acquired, and the fines or damages shai! be given to the authors or the poor.’’ American managers nay find wisdom in the above. Graxp Fer or ven Jove Jamne.—On Saturday, 27th of Novembe! ‘joui—so justly called the * Queen of dance’—received a perfect ovation in the shape of a bouquet given in her honor by her brothers and sisters of the eboreographic art, ot iat well known gastronomic hosteirie, the “Zrois Freres Prevencaux,” Paris, Among the ladies presees wore Miles. Taghoni, Corito, Rosati, Ket, Zina, Liv 9, Garoline, Nathan, Villiers, the two. iste Noucelet, Seblosser, Sc: wile the male gu: ‘Mi. Royer, who pre= sided, Messrs. V Mazillier, Petipa, Franck, Leroy, Coralli, Barrey, Mabilfe, Lefevre, Re her with your correspon” dent—Lon ¢ oof the party, with three ex ceptions, wholly professional, including pearly sovonty guests, for whom f& Most récherche treat was provided ‘At ihe conclusion of the dinncy « poetical address, com. posed by M. Alphonge Royer, was recited with preat spirit by M. Gustave Vacz, and’ frequently interrupted by loud expressions of applaure, The following is a translation Of At, Which We made the following mornivg:— Hail, Tagiion!!—goddoss famed of danco— Thy bretoren bia thee welcome back to France. What trieud of art, whose memory can trace ‘Thy glories, wili forget thy wondrous grace, ‘As {obey paints the airy winged Syiphide, Who bounded o'er the stage with fairy speed Unequaltvd, or the rogaish Bayadére, Picet as the jeopard springing from big lair! With high acciaim we greet thy presence here, While thousands wait to offer thee elsew ‘That homage of kind welcome and applause Which, enipress of our art, thy genius draws. old thy sistere, Who have laurels won, Here wait on thee, as planets ou the sun, thading thee welcome with high festival, ‘As rival sister, yet in friendship all See, here's Rosati, swiling, fair in facom Whose step reminds us of a Naiad’s grace; Yonder’s Cerito, who, to wond’ring France, Showed peerless talent in the mazy dance, And whose retirement thousands yet regret, Though her high art they never can forget. Coquettish Plunkett, Zina, Livery, too, Three other zephyr’—friewds long tried and trae— wlute thee as Lacir empress, with a host Of lesser stars, who yet their triumphs boast— Whom were Loue by one t’ entmerate, Ishould, methinks, delay our feast til Jate. ‘There festal moments let us ne'er iorget, Where genius, wt and grace have kindly met; While myriads elsewhere our empress’ fatae To younger gencrations shall proctaim. Here, then, with glad accord let us entwine Our floral crowns, as off rings at her shrine— Love tokens all, and mem'ries of the past, Tributes to genius and unequall’d taste! And now to Taglioni let us iil A bumper toast, and may our voices shrill Vcho on echo ronse without a pause, Expressive of our friendship and applause. French Taarnes— Faust?” has for several weeks been the cheval de bataille at the Porte St. Martin; and as a better version of that triumph of Gosthe has not been placed upon the stage for many years, it well deserves its success. ‘Tout pour l'Honneur’? is enjoying a pearly equal success at the Beaumarchais; and ‘Les Nous de Figaro,” admirably mounted and played at the Lyrique, is filling that house with bumpers four times a week. Two °s have been produced at the Gymnase, “ |'Avocat le”? and * PAntographe;’? the latter of which, by M. Micihac, is a piece of decided merit, weil supported b; Deryal and Mile. Didier, who have scope for yery excci- lent acting, and it will no doubt ere long be trans- Jated and adapted for the English stage. We may just observe that a certain Couatess, Naving become violently enamored of a certain dramatic poct, wishes at any price to become porsessed of lis autograph. Her husband, to convince her of her folly and the post’. , bribes her maid to kiss the haid of the jiterary ¢ vy who, nothing loth, falis in ove with the soubrette, and gives her a reading lesson, in the course of which ho writes out an ciementary spelling lesson, which is shown to the Countess instead of the autograph, and she is thus cured ot her silly passion for poets and authors. A Paris correspondent, under date December 7, says — Theatrical squabbies occupy the Parisians, en attendant the appeal of the great case of Napoleon TE. versus Mon- tatembert. Mario was compel decree of the Coart, uncer penalty of 60008. for every time he refused to’ personate the Duca’ di Muntoya in + Rigo He bad nothing for it but tu voenlise under compuls: Lhe accordingiy took his part ike a man iilda, Tt ght that the techureal objection ale of Verdi's music not the real obstacle to his siveing, but thut Gris: docs not wish La Frezzolini to re-appear in Kuroge, she having been reported dead at the Havana, and having no right to visit the glimpses of the moot, making wight’? ¥ If the truth ought to be told, th r La Casta Hialia retires to her vitlaon tl te road from Florence the better for her fame as a eautatricn has outlived her Paris reputation, and people bere gramble at. perseverance in ignoring Vie ja) " years and the t to Cardia his jusiion, leference to Frezzolini, to whom ho tende Dougucts showered down from the uuaffected gallantry. The Venus de Sitlo b into court, aad damage: 00. wer, Pribunat theatrical director sned tho author, ¢ Clared iteelf incompetent, as a d considered a trader. The Civil Tr. cide the case. Another correspondent says:—All of the amusers of Korope are flocking bere, for tt is indeed tha city of frivo lity, Roseini,as you now, lives here; Mey Verdi are in town! Mme. Ristori is expe has engaged apartments for the winter, Fauny Eleste: talks of romping here ona visit. Mercadante is the oaly person who has refased to spend the wiutert here; he says he loves jwace and quictand Naples too wel! , aud has loved them too jong, to think of quiteiug them now. Mile, Tayi! oui is bere, abd as been twice to the Grand Ope Mile, Finma Livry dance. Her arr 1 have deal of cilvet on the fashionable dances of the winter, and will probably banish the cracovienne, polka, mazourka and schottische from all ballrooms. She detests theae donces, and tells everybody they are much more like military drills than da She would not have lett her Venidan palace had not the pepers tattered Mile. Livry: by comparing her to Mile, Taguoni, and expressed their thanks thatthe gymnastic school of daucing was at an end, and the graceful senool once more in favor. OF course Mile. Taglioni does not dream ot dancing; but there are rumors she May give dancing lexsons; sho has certain- ly taken Mile. Livry under her protection, and gives her alviee. Terman zon, a bass singer ot the Opera Comique, of deserved reputation, fell suddenty dead a day or two avo, of apoplexy. He was in the prime of life. His voice nn fe ly quit him a year or two ago, and he wag obliged e the lyrical stage. He was preparing himseif f ire matic atage, where his talents for acting and dr singularly gifted in this last respect) wauid sured him a good rank, His performance of Captains Roland in Les Monsquetairea dela Reine,” the Tambour Mejor in “Le Caid,’” and Falsvel in Adam's opera, were admirable, A grand ebarity bal paré was given at the Overa on the 11th of December, with an orchestra of one hundred, con ducted by Strauss, who opened his musical album for the coming year, The Mayor of the Arron managed the aur, and solid the tickets at $2 cach, jet could wot be yal will have to de the ing (he bave Virgina ae te Petersburg Nomina- ton. TO THE EDITOR OF THE HERALD. Ricustoxn, Va., Dec. 17, 1858. Somebody hae informed you that the late nomination of Mr, Letoher, at Petersburg, was ateiamplt of Mr. Hunter's friends over those of Governor Wise. 1 assure you that such was not the fact, and that no such issue has been made, or could safely have been made, by Mr. Letcher’s friends, On the contrary, it was expressly disclaimer, anil it is within my personal knowledge that many, very many, of the Lest and most efficient friends of Governor Wise were the most active and efficient friends of Mr. Teteher. The truth is, a combination of circumstances existed which gave to Me. Letcher tho nomination, al) of which we in Virginia undegetand, No real friend of Mr, Letcher fins ventured, or will dare, to assume that his nomination is a triumph over Governor Wise. The mo- tment that is done Mr. Letchor’s defeat ia as certain as that the election isto take place. It ig trae that there are some men ih that Convention who sustained Mr. Letcher wholly because of Governor Wiso's supposed opposition to him: but that was expected, for we havea set of politicians who never can forgive Governor Wise for the part he took ih 1862 and 1866 in favor of Mr. Boobanan, All their plang and hopes be “knocked into pi,” and they hate him “as the devil hates holy water.”’ But he has hold on the affections of the people that all the disanionists in the country cannot sever. JT appeal to you as an act of justice to publish this lutter. A ed are ‘® THE P BURG CONVENTION, | or natioual party succes The Anti-Tammany Organization, The Generai Committee of the rogniars met last pighe pl their headquarters in the Powery—Georgo W. Genes tm the chair, and Edward Simpson secretary, Tbe Commit tee of Conference of the two General Committees Feported the following address and resolutions, which were unani- mously adopted. The People’s Geveral Committee mab alko last night, at Mozart Hatl—William J. Brisley, chair man pro tem, in the chur, and Wm. Gitbons secretary— | and unanimously concurred with the other General Com- | mittee— TO THE DEMOCRATIC REPUBLICAN KLECTORS OF NRW YORK. Frtow Destockats—When the organization of a polidl- cal party becomes corrupt an’ tyrannical, it 3 the duty of its supporters by popular revolution to reform ite de- fects. However painful, tt ts often necessary to amputate an aru or ® leg rather than to loa life, The Sachems of er Society, who resume aj! power, and exercise it with such tyrauny over Tammafy Hall—the ancient and time hovered beanquarters of the ones in thie city—have, by their repeated offences against the prinal- ples of the party, become the rotten trunk which it is pe- ceesary to cure or bop off One or the other of these resources is the only course left to us. To save the party we must havea change of policy or a change of headquarters, which must be trans ferred to the control of the people or to those whom the people may select. Having tricd the persuasive romedy lovg enough, without avail, to accomplish this, we haveas last been forced to form an antagonist organization, 88 that we may thus save to the national democracy of the State and nistion our noble lovat party,ere it be lost to them forever, * Acting under this copviction and with this view of our duty at the last election, we made our entyée into the pe- litical arena as tho democratic party, independent of Tam- many Society dictation. We teft that it was neccasary to . show that our complaints were pot founded upon disappointment, but that we had a cause which we wore Not afraid co present to the people, Tired of listening to the oft repeated but still broken romiscs of the Sachems, we knew that the only resouroe Jeft consistent with sel respect was to assume the attitude of men who knew their rights, and wore detormined te anuintaip them. For these objects, we nominated an inde pendent tick st. We chose sa election entirely local or municipal im which to make our stand, thus avoiding jeoparding a We entered the field wit Tomuany hed “the time-honored prestize of the Old Wigwam,” which secured to her the votes of thousunds who, though sympathizing with us, et etl Clong to tue political shine at which they bad 6o lovg worshipped. She bad an almost eatire control of the federal patronage of this city and vicinity, and innumora- ble oftices under the Corporation, obtained by the alliazoe of her teaders with the republicans, in December, 1857; and in addition the ioflueuce of the important officers elected in November, and the tora! power of possessiag forty-one thousand voles given wo ber by the united party at that time Not daunted, however, by this formidable array, Ike Tny.d when he suilied torts to meet Goliah, we trusted in God ana a good cause for success, Without patronage and without money, without discipline aod without leaders, we went into the confhet relying upen the popular im* pulses in bebalf of which we were contending, and we came out of the fight with untarmished laurels. It is true we did not elect our county ticket, bat we reduced the vote of Tammany Hall from over 4),U00 in November to 17,000 in Docom- ber, The resuit showed conclusively that a large majority of the democracy of this city repudiate and con- demn che Tammany misrote, thus administering a rebake which, if it is not effective iu curing at this time the evils under which the party jabors, wili, if we persevere inour efforts, at least ferve us a founsation for movements which must here#iter accomplish it. Tt os trve we bad a nght Suppose that euch an un- mistakable expression of popular condemnation would have bad some immediate effect, but we regret to say great odds axainst us, (to sing lust night by a | euch bas not been the reeult. Instead of modifying and Uberulfzing their policy in compliance with the popular ver- dict—instcad of a repudiation of the Sacbems’ power over the organization, the reing have been drawn yettightor, and the desperate resolution is avowed of continuing the su- icidal courre which drove the people from them, without heeding the recent lesson and conceding something to the public withes. No sooner had the result of the election been announced, than in a body, “ten, ali told,” they flow to the federal capitet “ for a redress of grievances.’ Look- ing to office ug the only political septiment which infle. ences men’s political actions, they sought the executive power of coercion by which to break us down. Misrepresenting the true coudition of things here, and still trying to impose upon that good old man whom had so long betrayed, they bezyed his interference im their bebaif, seeking sheiter ender the cover of bis broad officia) mane, by which to escape the indignation of. New York maéees. ‘They asked the aid of the gett government in procuring the disbandment of our organization, and in whipping into the traces every refrac- tory spirit who had the manhood to rebel agaiust thoir own selfish and corrupt rule, Emboldened by an audience with the President, with consistent arrogance they re- turned and issued the same decree as last year, by which to perpetupte their iJ}-gotten power in the General Com- mittee for 1859; first exacting a solemn written ploige ea avery member, that he would support their tottering lynesty . Thus have we been disappointed in the failure of our efforts to unite the party by bringing the Sachems to their gentes. They have net only disregarded tho lesson of December, but are apparently more bent upon destruction than ever. ‘They appear to be determined * to cling te their idols,’’ and we have no resource but to let them alone,” Tt has been said that “thoge whom the gods wish to destroy they first make mad.’ Assuredly are those mistaken men acting under some strange infatuation or political insanity which prevents their seeing the chasm to which they’ are fast wonding | their way. They forget that the difference between then and ourselves is, that we can live without office and they capnot—that our organization reflects the indepeadent, non-citicebolding portion of the democratic party, whe subsiet without official favor; while Tammany, under its present chiefs, if deprived of ‘office and the means of dis- Pensing it to her followers, would cease to exist as a poli- Lical ingtitution, And now, fellow democrats, reform at Tammany, we have and strengthening our orgi hereafter mvinetble—at the » shall be, in alb respects, better prepared, Well disciplined, and with an orgunization resting upon the hearts of the masses, we shall go into the catapaign confident of success, not only over Temmany, but over Tammany anu the republicans combined, It sha}! be our effort to adopt a Libera! and truly demo- cratic plan of making nominations. Ey portion of the democratic party ,and the whole party, shail be represented inour conventions. Ther ihe no exciusion—no implicit obedience to ibe bebest of leavers, tor we have none such coing the hopelessness of ed upon consol dating . 80 as to render is to direct our councils. The rights Of the masses to be heard aud felt in the primary tions of delegates, shall be recognized, that When” nominations are presented, Uh Will retieet the wisl of a mojority of those who are call. ed npow to support them at the polls. Tn carrying ont this principle, we bave deemed it essan- tin! tb: ry election district Shall be represented; thas the basis Of representation may be reduced to 80 small & body that it will be tupossible for the repregontarive not to Khow avd to respond to the wishes of his constituent, In election distr ciations of enrolie te we propose also to organise asso- members to be taken from th books, and to give the ossociations tt tho Inspectors of Election for fater ena. Thus the frattd and violence whi heretofore oha- racterized these ontrageons swindles und rigime, will be ignored, and our conducted legally and jure pression of the wilt of all wh them, tons: the Tammany elections, being nite a trite ex- A may desire to participle ta With these views we present the following resolus ved, That wo egain express our regret (hat the enuses b Jet ne atthe late election to take an int continued rule of the Sac! We bad anticipated som mmaay Hall ucraston to the ex- the peonie by the Lot a lineral policy, people and net the Sach id. govern whe ore nization of the party instead, however, they have tsgived fame y which has ‘secured the return of the same dynasty for 188; and the democracy thus being with- po, have no resource lett bat a continnance of is now ren wed with increased energy and hat the two ants-Tammany General Committ nen ae the weneral Committee of Regulars a the Pee 1 ee, shall cease trom and after the adopiton of these reaoinition that.a General Cormuittes ta represent both organizations shall be chosen for the -yeer 1809, in the manner #s Dereatter deaignsted. Kegolved, That the several ward sesociations and snetetien be cor solidwted in the same way, and that hereafter the Central Commuter sha'l not recownbe dis regular any aeparate or in endent ward organization not emanating {rom its call. _Kesolved, Tost I sbail be the duty of the new consolidated General Committee for the year 1889 to prooose a plan forth- with for the eveation oF Associations of enrolled democrats ia exch election district, ag the basis for future primary election. which plan shall give to every democrat who may reeogulee, pila an opportunity to vote and to secure a fair canvass of 6 res Resolved, That the democratic republican electors of thle city, who are opposed to the coutionation of the exclusive and apt jocratic course ot the few men who assume the au thorits to govern the party, are hereby recommended to meek at the times ant pleews herenfter named, to select by ballot one delegate to represent pach eleetion district, in a general committee for the year 1859, and five delegates to represent ech election district of the ward to a ward committee for the year 180. Resolved, That as the organization of the several election Hisiri>' easdelutions cannot take plaice wotil after the action of the new General Committes, the democracy of thesevera! shall elect by general ticket'as many delegates to the Gem Committ action districts tn the ward, such dele gnier to to secure, &o {ar as practicable, & repre~ Kentotion .0 the people of each of guid districts. iewolved, That the Committee of Conference, after tril com- snitation with the people of the several ‘da and thelr repre~ rentatives to the two General Committees, are hereby empow. Cres to choose the )nder of the election in the Sratinstanca, and preaentelection buttbat hereafter such inspectors mya en by the never) district associations to be provided for new General Committee: solved, Thet euch election phat! he held on Monday, Jana. ary 10), 1 IBe severn) places horraiter designated, betwoun the hours of6 and § P. the direction of the followia eral Committee thus chosen shu Ni on Wotnesday, Javnary dd the several ward committees shall ihe polls are ) for organ zation, The Hancock Mansion In Boston. {From the Boston Courier, Jan. 5.) A sketch of the hietory of this venerable mansion be summed up thas:—The land of the oatate origiaally compriged several acres, and, Including the present site of the State House, was purchased by Thomas Hancock m 1746, and by biin the house was built in 1737. Ite walls are of stone, of unut thickness, and the interior work is of the most elaborate style customary at the imo of its erection. In this respect it has remained um. «+ changed to the aga day, and there are no marks of de- vay in any of the structure, ‘Thomus Hancock died in 1764, and in his will be. queatbed the estate to bis widow, Lydia Han Sho died in i777, and left the estate to her nephew, John Han. voek, the Governor of the Commonwealth and signor of the Declaration of fered yoga from whose history the Mansion derives most of its interest. He died October 8, 179%, and the house was many years ooonpied by his widow, Dorothy Quincy Hancock. In the division of the Governor's property it was set off to his nephew, Thomas Hanoock ; he dying in 1841, it was inherited by John Ham- cock, his brother and ole heir, who died on the 2d inst, At the timo the house was rected it was situated almont ((