The New York Herald Newspaper, August 2, 1859, Page 1

WHOLE NO. 5366, oo SSS WILL THERE BE ANOTHER COMMERCIAL CRISIS. Banks, Banking Finms and Im~ Borrowers are sadly digapovinted 10 8 4 00. the rmse tm Europe snd reduction of the "Af, of iniereat by the Rank of England are mct Dee by increased caution oa the part of capitatinta, and a de s4o1 rise ef one per cent wwthe rete of interest, WIL 4 marked tendency to still Aigher rates. ‘The eaures of thes? santessant facis are wholly inde- peadent ofthe #7 + and the Bank of Sogland’s price for mency, 204% nscquemtiy are not affected by the peace and ther suction of interest by the Bank of England. We have * ought or imported on credit, st high valua- uf, More goods then we can pay fer. ‘We have enormously overtraded in foreign imports, Stimulated thereto Dy @ bank expansion exceeding toot of any year in our bistory provieus to 1568. The expansion commenced lest year. With legitimate Wesiness, notoriously reduced atleast thirty per ceat leas than in 1857, our danke find no difficulty in runving up the loans about eight miliions above the highest point @ 385%, With what, on wnat, and for whai? We answer ‘with about four miliions more actual capital,on single Samed paper, manufactured for the purpose of buying G00ds trom Europe. To crowd two years’ business inte one—to make legiti mate business speculative gambling—were the gamblers themselves to be the only sufferers from their folly, it might be expedient to let them run their course free from warning. But, unfortunately, in @ crisis from over im- porting, every property we possces: sulfers disastrously. An exegps of sixty pine millions in our imports, which ‘was the amount of specie we exported in 1857, caused the depreciation in the property of America of probably five hundred millions—certainly caused . the failure of avout five thourand firms, owing about three hundred millions, of which probsbly one hundred and fifty mil- Kons was never collected by the creditors, This ruin ight never bave heppened were our bauks to keep their Deans from ninety 0 one hundred millions: their capital feen!y sixty-ergbt millions, Why should they use the Geposits of the public to cause periodically this ruin- ous joes to the public? Had they kept the loans firmly erovgh 1858, till now, under one hundred millions, ehould we have bad money @o cheap this last year, or imports ao large? We think not, ‘Tho year 1867 proved that this is agubject in which every class is interested—the laborer in the price of his Inbor and want of employment during and afver a crisis; the retired capitslist in the prices of his stocks, rents, &>.; the buemers man in the depreciation of bis stock on hand and debts. ai} these classes are thus grievously injured that the Morkbolders of certain banks sbould make seven per sent per annum on about twenty or thirty millioas—the twenty or thirty millions, too, be it remembered, being the property of the public, and not of the backs—in- au'g.ng (bo public with the luxury of heving its throat cut with its own knife, Were this narrated as the way Denveradid it in Pekin, we should be very apt to ex. claim, ‘‘ What elmple fools these Chinese are, to be pe- riodicaiiy done in thie way.” Yet it is not “ brothers to the eun and moon” that are thus hambugged, but “ cute, eviculating Yankees.” Tne last statement of the New York banks is anyibing bus satiefeciory; the lors re- danced » mere trifle, with & loss Of epecie Of two million, and about three million in deposits. Al! this in ono werk—half @ million » day drawn by the depositors. ‘Will noshing reach the #totid brains of our bank managers? We deem it our daty to direct the attention of bank presidents end business mer to the bank statements and trade reperis They are published with a view to guide the action of euch mdividua! bank and business. It is ‘the auty of every man who would prosper to study past experience and present facts, It will result in moro good to do shat now than to defer it till October, whea the houvy pay ments for tne spring dry goods import and do- eetic fales begin to mature. ‘We propose w@ review a fow of the leading features in wor inet figcai year’s trate. The first halt was iy imporis—prudent sod profwble, rhe secovd nalf, evdicg Jace 30, 1369, wes bank expansion, eaormous imports, excessive exports of gold. Money untth Aprit ‘wes almost a drug—3 to 4 per cent on cail—4 to 6 per cen: on iong paper. Bank Presidents were so biand and cour. teous one fet curious to Kuow if these were the aeif same siern Romans of 1867, who sacriticed their country for their banks’ good trotied round the city in search of paper, so pleasautly, it seemed as if the millerium were wireacy bere. “ They could do with abort dates, eoacised, and if we cun’t get that—well, I suppose we must toke the long dates—yes, single named if gilt edged, prime—4 1,” accompanied With | gaivanic langb thas ‘Slearly sbowed they thought it a good joke to be #0 free with the pubiic’s mouey. Well, they did got single beamed at six Months date—created to oblige tvem—auc ‘onecrs’ snd comestic acceptances, und Al juboors’, They ‘are filled up with it now, and are compeiled to refuse é legitimate bona fide 60 and 90 days paper. demand in this case was mot, as their lonn fiat shows. ‘The gilt edged bad only to write their names to notes ‘able to their own order, and they becsme money. Tuat Bibe banks gave them tneir promises to pay on demand, atno fixed cae, which 1857 explained to mean ‘af con- venient,” in excbanye for the “gitt ofged’s” promises to pay atu fixed date, eix or eight montas theuce. Paper promises exchanged for paper proanses to an oxteat ex coeding that of avy year previous to 1865S. Mutual conf. Gence—pleasing, 2O1 perbaps prolltable—tili pay day comes, And pay day will come forthe gilt edgod’s Axed detee for the bavks’ unfixed datee—we con't know; never, if the bapks bave their way. The result of this recklees expansion on the partor the New Yor bauks, dromming up paper which Jegitimase business never cre- ated, to the extent of at least thirty mtlitons, for the sako Of aividende, careless of the foture, bas Deen unnaturally to etimulate importarions, wo force ‘two sexsone’ imports into one. the imports from January to June 80 were more than doudie those of last yeur, sixty-seven milliens more thaa 1868, thirteen miliions more then 1857. The import of 2867’ we could not pay for, and did not puy for. ‘The gold demanded by Ecrope for toat import caueed our Danks to suspend. Bow much more cupitat bave our ‘Danks now than ther? Can they pay bofore September 1 en import ke 1857? Can they in addition pay in epacie the odd 13 millions that 1859 is moro than 1557, aad feel Dian and courteous as im the spriog? We are now at aseason in which for sixty days cur only article of exgort is gold. The .nglo-Americau bankers are keeping themselves on the right side; exchange on Europe is ‘miy fixed at specie price, What wilt our baaks do? Beving tempted the importers to crowd two yeers’ baat ess into one, are they going to help them through? Tue ja eold in spring wi)l begin to mature ip payments ta Server, November aud December. There can be no ure for money tll then—for the best of ail reafous, caure there ig little to pay. We presume nobody would failif nobody was asked to pay. The peace in Europs wilh not lessen the demand for specie. The Saat of France lost eleven millions of francs iast statement, ana dmcreased ber paper iesue 63 milhons. Tue Bank of Eng- Jand decreased specie avout £76 000, and pabsis deposits decreased about 22 millions dollars jact weekly stavement, Every government in Eorope is waiting to borrow, tho very Gratchance, Russia wants movey badly. France jal Want avother loan before the year is oat. Austria ‘Mavst get it somehow. ‘This pease will increase and per- uate.the wantof senfidence which existed during the amongnt the masses of tue people in Ceutral Europe; know their rulers waat money, and will resort to any desperate means to get it. What specie they gat they will keep bidden from banks, bankers and rulers. About fifty milhons of people wiilsecrete and hoard their @orp us cesb; safe from imperia! edicts aud tax gatherers, As labor is better employed it will increase ite profi and aggravate this absorption of specie. Europe, from this want of confidence, wil) probabiy rival tue East Indies in taking Bpecie from ihe grees reservoira. 8 stave of things in Earope of course aggravates the ‘evils of our large foreign indebteaness. Europa must have epecie, By decreasing our bank loanawo shall va- force smailer imports, we snail got out of debt to Europe, and keep our specie here in spite of Europe. Our domes tic products will have ample money, at a moderate price, bring them to marke:; they will command bigher eee 32 ComRequence to the producer, and prevent hie ing bied by the usurer and the capitalist, fhe whole domeriic industry of the country will be actively and beaitpily employed, and will be relioved and protected from that frightful depreciation and prostratioa coase. quent on an ingane panic from the excessive export of @pecie, A decroage in bank louns is not, however, @ cure for the cvii—it is simpiy mn alieviation of the vicious dis. ease of Our paper currency—bank promires to pay on Gomand that which they cannot pay. sod never expect to pay. What would bank presidente think of « firm that ‘would promise to pay on demand $446,000,000 with an ‘averuge of $68,000,000 on haud to pay it with? Would they clasety such adrm as A No, 1, gilt eaged? Yer that was the precise position of the banks of the United States in the year 188, as stated tn tho government re- They are in & worse position now. is it surpris' thet a panic and want of confidence should sometimes creep into the public mind? 4 pamicarizes wornever the Public seem to be going to sak toe banks to pay their debia, The danke, being tae stronger power, can and do ruin the people in the eutcavor to save them selves. In 1857 the backs ot tho United Staves contracted loans to the amount of ove uundred and twen- ty-one millions withia sixty days, to keeo in New York ‘about twelve millions of apecie, which twelve millions of Bpecio ware not by law oF common Donesty theira to keep, Abovt five thousand firms failed—frms vast bad been tempted to overtrade by the banks, procuely us they have tempted the importers to overtraie this spring, ‘When October came, they not only left their duped vice tims to their fate, but mercilowsly crushed thom vy a siripgenoy ae Insane and unprincipled wa thelr previous expansion. A worm will turn if you tread upon it—the public turped wpon the banks ina way they did not expat. They drew upon the emcred deporite koe banks stopper payment t the pabiic Bnouid ask the hanks to pey UP WAR HO SUOOMMY IMpertinens vat that wort of thing roukt be pat down m% oace—kuspend—and got tho Logis. ‘ature ‘tnd the bench to Ingaline It. They did suspend. ‘They did get the sench Crit opinion; it was all righ’, i] obtained’ fou ty. havo noon a youmgsia® eaborating tox treme care a structure of paper cards; ber "0— Wp—ti wn unlucky card wopples it over, and ft “ais, u acolens mate of MAM et Oo, card, and end im the same. Tae card thas Loppied down our last paper boase was the Ohia "Life and Crus: Company. Is it #0 very long ago bince O~ober 13, 1897— the of which en brightly under the tnfla- ence of the famous financiai Duiletin, ‘thas the couutry was saved beceuse the banks were wafe.”? So thoy wore wale, not tll 2 P. M. of the same day, when .tney stopped payment. Have our bank presidents forgeten ‘that litle event? Verily, we hops they bave forgowen it; we hope it is heir memory, not tueir common svuse, that faile them at this preseat. "are we not again buuiding « ly, recklessly? When and where 1s oar Objo Life aad Trust Company to come from next? What does the flaancial wisdom of October 13 think of tne ener f rE importa from January 1 to Joly 23, compared lew Yor january 1 to Jaly 23, with 3868, 74 mlitons more, Exports apecie same dates, 26 millions more, New York bank Joans, one million more, New York bank specie, 14 millions jess. New York bank deposits, 15 millions less. Export of agecie, July 2, ing about % millions. “ r ‘ « 3851, “ 1866, “ 1855, 1854, 1883, “ “ “ “ “ “ “ “ “« “ “Wm « |. 1889, compared with “ “ at Aik «3869? New York banks, specie, Jaly 23, January, 1859, eight millions jess. Deposits, same datee, 20 millions leas. ‘The failing off in deposits is the most extraordinary foa- ture ip this unpromising statement. Occurriog at a time of pressure, 20 millions would be an inmenee amount for the public to withdraw; but that it should wake piace Guring a period of such extreme ease, gives rise to grave fuspicions end inquietude for the future, The deposite by the New York banking system are ,controiied aad used by the banks much as they 40 their own capital, Tue ides of the depositors controlling them it practically a tction. ‘They dare not touch them, under penalty of being refused discounis. They are never drawn upoa except in cases of absolute need by the depositors—to save themse ves frou faillng, or rome other streng restou. A logs of deposits to the banks is, therefore, virtually a Joes of agscts or trading capital. In specie and depogiis the backs are tus, since January this year, twenty-eight millions weaker in aseets or trading capital; the leans are reduced only nine mil- lions. By their’ own expansive creed they are con- demned—common senee and prudeace seem to have beta diecarded. The country, it is trae, can stand a great desi—it 18 rich; so it was in 1857. It is richer now than it ever was before; every day is adding to its weaitn. Wealth is, however, only comparative—a nation that ex ceeds ite income, like an individva',1s poor and empsr- raszed, no matter what the amount of incouvertible riches owned. This ie our case, Are we forever to be eperdthrifie, tossing into the laps of gecedy foreigaers for laces and silks and gowgaws our hatdly earned surplus income? One year ma panic, with industry and en Prige paralyze—the nex! year ecoaomisal, Burdworkiog and prosperous. The successive year sees Us drunk wit prosperity—exvravayant, reckleas, schemmg; and toen the next, a penic ks before, Tnat this roatioe if no exag- gerated statement of our dealings may be gieaned from the following government reports of eur commerce. Ths Punic yeare wili be recognized by the ange imports aot exporte of specie; the years of retrenchment fo.loW, in light importe anc exports of speci COMMERCE OF UNITED STATES VOR FISCAL Y: te warts. 106 060.0°0 100,000 060 256.000 000 1340.0 Gon 100,00 400 Specie Ttot Seed 000 Ad 4,000,000 113.000 007 2'000,000 154 On aN9 IAGO 155 OMT COD 5 000K) 146,000 600 7.000.000 151,000 00 29,000 009 MO.) O10 W000 290.0002 100 G0 41 000,000 66,000,000 0 45 40,000 293 0,000 69,000: 00) 253.100 veY 36 160,000 217 099 0») 29,000" 2000000 27 00 394,000,000 489 000 609 167 004,000 203 O60 ff 00 Totaln.$3,417,000,000 488,000,000 8,997,000, 000 Aadldpe for pro- ‘fit, ~ 341 000,000 00 000 imports. b60,0.0 exports. £261, 000,000 exress of tmp rts over exports. —Rettied either Dy Jor op impores or failure co pay atte periodical panice. io this list uote how the sham eugine of cur commerce if worke ‘The years are fiseal, ending June 30 of the under- noted:— 1852—Importe fair, low pressure. 1888—Importe 25 per cent more, firing up, full head of steam on. 1854—Imports 50 per cent more, high pressure, an ex- 1865—Lmports fair, low pressure, botler repairing. 1866—Imports 20 per cent more, firing up, fuil Mead of steem on. ¥ 1857—Imports 40 per cent more, high pressure, boiler urate, 1858—Imports fair, low pressure, boiler repaired. 1859—Importe 20 per cent more, firing up, full head of on. 3869, Jan. 1 to July—Imports 111 per oont more, nigh Pressure, surong boiler, hasn’t burst yet. The fiscal year for 1650, ending June 30, shows well enough, but tne average, including 1868 from June 30, does not fairly atate the present position of our imporis. The imports for the half year trom January i, 1809, are more thun dondle that of 1858, indicating a more rapid progression than heretofore towards the usual over im Portations and panic, Private letters from Europe state thet mennfacturers have been busy since March prepariag goods ter tue United Stator, that the surplug of their murkets would shipped to tuis country, that prices wero 20 highly munerative that many ‘manufacturers were provaring duplicates of ine goods they hed fold our merchants, wo consign on their own account, to be perempiority sold oa arnval, caiculating that our’ buyers would protect tho prices for tae sake of their own stock op hand. This comes from reliable cources, and is tally corrabo. Fated by the caormous amount extered at the purt ior tne week ending July 4%, viz: 1857. 1858 3859 Dry goods. + $782.248 1,000,756 3,101,433 General merohandwe.... 3,262,600 1,690,021 3,774,078 TOtMl.o..- ss secee ee see $8,984,914 6,886,014 Since then the imports have beea continued on a simi- lar scale :— For week ending July 22, the imports were... $4,579,197 WuhdrAWns Weiectscbcs Ne NESS: 156,398 Total thrown on the marke $4,716,596 Which is about taree millions same pe riod in 1858. We have no comment to make on these fgures. We Tecowmend bauk presidents and directors to ruminaw on them in their summer reireats—after dinaer—qith a mild Havana, that is, if Havaca don’t brisg up uapica Sant questions about ‘‘sugar paper.” Soothiag reflacioas on them ought to soften the hard heart of ‘Pe’? «G5 bead, boys, American credit is all right agi & couple of yeatr—money cheap in Loadou—smare fellow, Nap; girls, you can order those diamonds you waated to soite oid P.’e wife.” So reasons Old America, and so acu Young America. The fall import must result in rainous loes to some one. If the importer is smart enough to sell early to the jobber, our whole interuad trade will be deracgsd, and the jouber be saddied with toe loss, I¢ the joboer Goes a small business, buys late, buys ouly when be has und customers waiting for the goods; sels for cash and ehort time, the “Joss witl then3faii op the importers and foreigner. Goode wili vepreciate 20 vo 3) per cent oa somebody’s bands, Now thatthe goods are hera tnoy aust reme'n bere, There never bas been any sucn tuing a8 re exporting to avy extent dry goods oace bere. from October, 1857, to January, 1855, tne amount resbipped was ony four miiliong, Ail manafacturers and foreizu sre prefer sucrificing out of their own markst—s sacrifice in wer own 6 ages woulda be injurious to prices thore. The buix of dry goods must be sold the season they ar- Tive—to keep them @ gesson is to ensure a depreciation of from 20 to 30 percent im any times. The import will probably be forced through the auction room; and if it nets 30 or 40 per cent average Joss, that will tend groatiy to set us right again, by reducing the amount of wnat bave to remit te Kurope. Lmmeaiate sharp and rapid con ‘traction on the partof dry guods dealors is toeir only hope of escape from tne dilemma they are Placed in by over- trading, We speak to the dry goods dealers because tney give and take the loogeat credits. Taey have aiways on ‘hand two seagonn’ assets to pay for one soason’s liabili ties, and poiwithstanding this two dollars to pay one, oblalngly given to them by toeir creditors, they are al ways ehort—simply scrape along, meeting their notos if they can, and it they can’t, borrow from the maa tney owe to pay the note due to him. They are pioneers in expansion, and are never 0 well off as when they are Jarge in Core They build mardle palaces, pay high reuig, Cultivate friends in bank parlors, aily wanting money, cteotie inom te sap The practical question for our bank presidents and jobbers to decide now ia, whether the Anglo. dry goods. American i own banks and jabbors?—whether the former gentiemer pomeel or the woole internal trade and produce or ‘a ‘coun! ‘The rigid rule which the banks should adhere to till our cotton crop comes ferward, or we aro in a safe Positioa, is, to refuse any paper, however good, which can be drawa in goid and remitted to Europe. This will turow the mm- porters on their fends, te Anglo-American banking dirms. London js flush gf money, and, by obtainiog we “four months’ kites” ofthese firms, they will doudtiees be giad to discount “uem in Lombard atroet, and the import. ers will thus cover up thelr psition, By these means London can be made to reliove them. Our baaks will be ‘vie to grant facilities for bringing our graia spe: to market, The Wert will be relieved, will sell her crops, aad pay up her indebtedness 9 her own bankers 1 Cutcsgo und Dubuqne. Is will take all. the Western crops to do thie, The West in 1860 muy again come Rast to buy dey go0dk—Ddefore 1860 itis impossible to any extent. Our Danks cannot help both the crops and the tmportera, the crops Will want as leet twolvye millions of movie, Last Jenr they teok nino millions. If ina danks try to help 100, builds tte paper honsos, ‘ard unon | MUXNING ED ITION—TUESDAY, seg ariter, Atreucy paper whica waseet rewuity ta Spring et Sve por cet, in June at sia ard a nell, es aoe Buf Bt eighs per cent, faye, we tink ir will prove more vrotranle te ex+autas Qed compare for yonrarives tan offal records ot oor hanks aud commerce They are open every one, thenat before every ane ance a week by Geery BEwsnsver to Loe city, Shut'a deaf ear to apioions nnsnppariad by starts fick It partis tel! yon ft in uit rignt, wibhoat wiving tho yearon why, pisee no faith ju them. Ta» princi rer that Tegulate a nation’s trade ure the same H. apple woman with & dollar cayitel—it wha b» over the dollar she ia in # crise or fasncial scrape, it Only to ba relieved by paying the five ceatk or au vp spd not peyiog, Busing our eptatou poe toe convictivg that we ougbt to import oaly to the amount of exports, exclusive of pects, we goal) he in dedt for the gear about #ix'y milions OF dollars more than we Cau pay for conve: niently, and wichout making our internal trade pay a high price for money. Additional from Buenos Ayres. DEPLORABLE CONUITION OF BUSNOS AYSS—THE COUNTKY DIVIDED AGAINST ITSBLF—TWENTY MIL Li0n3 TO BE RAISED FOR THE WaR—SMaLL CHANCES OF PEACE--PAUIFIO INCERVENTION OF THE FRENCH MINISTER--SEVEBE DECREES OF THE BUBNOS AYRES GOVERNMENT, BTC., ETO. Our tles, received by the Northern Light, contain some adaitional items of interest from Buenos Ayree, erbere the mott active preparation for the approaching war with the Argentine Confederation was being steadily coatinaed. The corretpondent of the Cumerctode la Plata, of Val- paraiso, writes ss follows on the Lith of May:— It fs not without a very mournful impression that I am abent to give yoo en idea of the actual pesnion of the former metropolie of Argen ine glories, now converted into a feild of persiont, par ‘ten and pessonal hatreds, This state of thiage i¢ contra ed by the elevation of Velez Sardtteid to the mupistry, the degraved representative of Wwe traditions of the Unitary porty, and be i gvarannes to the siater provinces, separate Rome of them from the national power. Tae press breathes the ep.rit of wer, aud the same feeling prevails among the personal circies of the government and a: wbo expect to profit by avarchy aud disorver. Re- flecting people reject the idva, and aabere to tue Dational cause. The country ia compietoly hs tile tw the government, There ia nether sn smy Dora navy. The chiefs of the moat important province ere either persecuted or imprisoced, aod tae loyalty of the otners js doubted, In its necessity, the gov- erbment beg cailed the officers of the Uriental reoubiic ‘who are residing here into active service, Tweaty mil hove of the pablic funds have been decreed for carryicg Ov tbe War, au issue baying no othe: guarantee than thet of Aisiva, Velez, Sarefield, Mitre, The Oriental repumic js the areenal of the Confederation. Veeseis are armed tere, and the | Munitions of war are sent thence to Roaario every day. Noiwithetanding the warlike situse | Which the Confederanoa pow presenss, there i yet u | hope of @ paciis arrasgement, and it was expected that | a tesion would be sent by Gen Guido as bearer of the | witimetum to Buenos Ayres. There are great feare of a | revolution in the Soutu, and the thing appears to me as | | | certam, The French mershanié have addressed their Movieter to the Argentine Conjederation, requesting bis in- tercention for the preservation of peace. It 18 said that a Commission Will toon attempt it It is reported chat Brawl, @ neutral power, har taken possessoa of Martin Garcia to cause the oavigation of the river to be respect | ed. Phe Hogiteh Congul at this place bas demauied his | parsporis, in consequence of the question of the ees ner | Pampero, Commerce remaios in a state of comp'ete Prossration, and the onze is at 3.70 dol ars. General Doa Evrique Sisrtives bss been apoointed Generalof sae Army Of Rererve. This completes the force desiued (save Gur upbuppy Buenos Ayres. 1¢ Comercio of the 0th June contains f Buenos Ayres to the 17iu of Jaze. concerping toe change of the Muutetry was coatirmed The craiiar Velez ie ertament; the wquald ¢ Mintever of War, and Gen Zapioia gas dvea dis- mn'esed W ivos aiter hisown affairs. Toe fanons Gomes clayailes the prevent enemies Gi Buenos Ayres tn the fob lowing wander, teateucing thom to Danisament wad to pe Snot, Qnd threatening them with exile and whe ga.lo4s. YE ve stute of war in which Urquize nas placed us, 2ii bis employ ¢s, all bie aubjects, wii persons eno maintain interested relavons with Dim, or cvmmmanicstions of any kind whatever, are copsidered spies of the enemy, The epemies of Barnos ayres sre: — All pergops employed by the enemy. All their pubsic and private agente, All those Who maintain commusications with it from the cominencement of vostlitive Alt who baye signed deiaratious of @ar against Buenos Apres. ‘Ali who are occupied in subdorning wea, or in procuring aia for the enemy who has deciared war ggaiast us. The property of all persons in Suenos Ayres who sub mit to the authority of the Confederation, will ve seized, = army of the south was about to march to the nerth. Toe government had sent from house to house intim- dating persovs to subscribe to ;tbe Joan of 20,000,600. Peopie bave sought to excuse themselves; but ney are pecens tae with e public attack on their names through e press Novody can leave Buenos Ayres witbout special permis- sion, and active preparations for war continued. Board of Aldermen. ‘This Board met last evening—President Mc3pedon in the chair. The sonual report of the City Inspector was received and ordered io be printed. A commuaication was received from Street Commis- sioner Smith, stating that the bids for the erection of the Ip\ans’s Home exceeded the authorized appropriation. Alito, from the same, ip relation to the moneys retain- ed from the city by Taylor, Libby, Sherwood and Okiey, when coliectors of assessmests, He recommends that ths requisite authority be given to the Counse: to the Cor- poretion to commence proceedings, a8 previously rezom- meoded by Street Commissioner Cooper, Referred w Committee on Jomt Accounts, Another communication was received from the Street Commissioner, stating that since Theodore Bunt took the | Job at $10,C00 for the roofing of Tompkins Market, be haa received a note from Mr. Hunt, askiag a release from the contract, at he had omitted tue eum of $3,574. Mr. Hunt claims that the 810,000 was exciusive of won. Asit is not in whe power of the Street Department to gract the with- drawal, the papers are sent tothe Common Council for ection, Laid over. THE CROTON AQUEDUCT APPOINTMENTS. Alderman GxNsT aonouaced that the committee were upable to agree on a report as to the, Aqueduct appoint- Tents, and moved that the committee be discharged from further attendance. Alderman BrapLEY moved a8 an amendment that the committee by ee Gischarged, but that they be permitted to present to the Board a majority and a minority ri Lot by a vote of 8 to 8, “ahi bsgahauils Alderman BRapy said that the democratic party were . legaeensaas es! it ag 8, BLA tt Would be lett to je Oppoeition to decide the matter. He hoped, ho: | thas the mater would be Intd over. ni eshte | , Alderman Brapiry would regret if the democratic mem- bers of this Board were to by ruled by the miserabie minority of the republicans. cerman TvomEy spoke with some warmth on the maiter, and eaid that the democratic minori- ty were going’qith the republicans, and were ready to sacrifice the party, but be would stand alone and was ready to dio (as John O’Vonnell proposed to die on the floor of the House of Commons) betore he woutd Fielc to join the republican party on ‘this or any other Question. He asted that the subject be laid over, and be id not think that the postponement would harm avy of the parties concerned Aidortngn GeNer said that he would receive all the coa- temptible aszertions that had been heaped upon the com- mittee, and ¢tii! asked that they be discharged. Alderman Starr hoped that the matter would be dis- Posed of this evening, for he desired that himself and the other members could have an opportunity of leaving the “city for afew weeks. Another reason he ( Alderman 3.) advanced for the settlement of the question was that the Tepublicans bad the majority there to night, and if they could carry the miaority of the with them they ‘bad a right to take the advantage of It, Alderman ApAMs thought the gentleman’s observations Were all ‘buncombe,”’ and be did not belteve the Aider- mau (Starr) belonged to any party, or know what party he belonged to. He (alderman Adams) did not believe that this Board was a party Board; there was no demo- Cratic majority in the Board, and he hoped thet if there were fany Gemocratic mombers in the Board they would consent, in Order to disappoint the repudjicang, and yote to lay tho matter over. Aigerman Brapy, after some further obrervations, mov- ed tbat the subject be laidover. Lost by a vote of 8 0 8 ‘The qucetion to discharge the committee was taen taken, which wax carried by a vot of 10 w 8. Aiderman ApsMs then moved that the whole matter be rick ta until next meeting, which waa lost by a vole o Alderman Geset moved the reading of a communica: tion from the Mayor on the subject. ae PRESENT sald that the paper was not before the Alderman Tvosay moved an adjourn! ” lost by a Me 10 w 8. ‘ caw Wacnuad Alcerman Owkss moved that the samo . Vi Schaick be coptirmea as Presideut of the Croton Bard Ps Alderman Tvostey called the gentloman to order, as no nomination was before the Board. Here some confusion ensued, and several members were on their legs together, The coromunication was at ‘Wis juncture received from the Mayor, and the President Supounced that the Mayor sent in » communication nomi pating Myngert Van Schaick as Pre: agent; Thomas B. Tappan Vice President, and Alfred Craven ‘as Chief En- gineer. Al to Iay the nomination of Mr. which was carried rtan Gener moved wick on the bio, Alderman ADaMs moved to Ia) 4 tous on the table until the Y steading, vee renter Tled by & vote of 10 to 6, nt Note whiCh was car Adjourned to Friday evening at five o’ SATS Ria kee EMANCIPATING SLAVES.— Miss Bates, tho sister of both they will cadas im 1867, by helping obocy—nox even themecives, It is not to jate to prevoat Tho jobbers have | bought very few goods—tho amount and kind of trate | hoy do for this fal! is eptiraiy in ther ows hinds; mo ust bevome dexter —will pro audigy rule sieadily as orinia, the Hon, Fdward Bates, of St. Lo . Louis, recontly emaact pated the Inet of thirty-two slaves. wh formed part of | ber inberstance, and whom waehos gradoaiiy get frew ae | they became prepared to wake care of thecusolvee in freo | a sovereign should oy com, Judgo Bates emancipated dhe lags of 5 ene ec Aves Kee | goldiers, to rev AUGUST 2, 1859. Instens of running erouna ‘9 hear what irs. Gruady | ARRIVAL OF THE TRUDONTA AND OCEAN QUEEN The Treaty of Villafranca and Its Effects. ° } Interesting Accounts of the J aperial Tuterview s. Painters, SPEECH OF THE EMPEROR OF FRANCE, {fmportant Manifesto of the Em- peror of Austria, NAPOLEON'S INCLUENCE 18 PIEDMONT. His Napoleonic: Antecedents. Speculations on the New Italian Confederation. LORD DERBY ON THE PEACE. KOSs0TH’S FLIGHT TO SWITZERLIAD, &e., &. &. The screw steamship Teutonia, from Hamburg on the 15th snd Southampton on the 18¢b of July, arrived as ibia port early yesterday morning. The steamship Oxean Queem, Captain Seabury, from Bavre, via Cowes 20th uit , arrived at this port iaet nigot, By these arrivais we have received flies of London ps- pare to the 20:h alt. The London Times of the 18th ite city article: — In American eecurities there was a fall (14th) in the sharee of the New York Central; lilinois Ueatral bonds wore firmer. Arise took place in Atiavtic telegraph sharee. The shares are now quoted at 200 a 260, ‘Tho London Court Journal saye:—At present there is no has the following in be prorogued, ‘Toe Dublin Mercantile Advertiser (a carefal ansboriby) gaye:— We have now pasted the time when, in former years, accounts of appearavces of Diicht ta tae porate oro) asa aly began t appear. as yet, fortunaloly, there have Rot been even ruwore of d seage in ths growing oro9, ua ieee from Ope Of two western dstrices, aud tae potatoes, which are im very abundant soggiy ac the Iran markers, are excellent in quality. Owmg, Dowever, 0 th» sererd fromis at the commencement of May @ Coasiteradie por tion are rea e; and we fear thas this complaint is rather ge Ava meeting of the Great Yarmouth (Bog ) Town Coun- cll lately it was resolved that a meworia) anoutd be ud dressed to the government urging the necessity of ia- creased attention being given w tae defence of toe coast and harbor. The views of the Joucci! seem, however, 6 have besn anticipated, as on the iollowig day she acaooa- er Alma, from Woolicn, arrived with ten 68 pounders, with carriages, &3 , for the earthworks on the bagch, The Pare Momiteur of July 16 contains the official re- months the present year, which amounted to 533, 478,000f. , being a decreaso of 6,454 000. as compared with the corresponding period of 1858,and ao bacrease of 7,456,000f on thas of 1857. The different items of reve- nue which have most fallen off during 1860 are: registra- tion dues, 12,218,000f ; home made suger, 8,452,001. ; French colonial sugar, 2,767 ,000f. ; sundry customs’ cuties, 1,487,000f. ; sale of gunpowder, 490,000f ; end stamp duty, 65,000f. Those which show most improvement are: daty on potable liquors, 6,271,00¢f ; foreign sugar, 8,865.000f. Yobacoo, 2,253,000; Post Office, 1,852,000f.; sundrieg 1,270,000f.; export duties, 1,009,000f.; import duty oa corn, 538,000f.; gait duties, 522,000f.; nav gation dacs, 196,000f. ; and money orders, 61 ,000f. ‘The Gibraltar Caronicle of the 7ch of July eaye:— We learn, through the Russian Coneulate bere, that the screw frigate Polkaa, of forty-four guus, and che screw sloop Rurick, of four guns, recently arrived at Ostiz trow Ube Haat, elt that port ou tne Sth tumt., the former tr Brest, and the later for Lisbou. Tue screws.oam tine of battle eb)p Retvizaa, wit the adayiral on board, anivome from the Mediterranea. A letter from Vienna of tho i3ta of July ways: raii to meet the Emperor; but she wil provarny remain at Gratz, instead of goicg on to Layoach, #8 B's Mojesty cas resolved on staying ® couple of days longer at Veroua thun he hed intepaed, in order to enadie tng Coapier of the order of Muria Mherosa at ouse to talc ialo coasite-a tion the justice of the various Claims made for toe ‘088. Uount Rechbverg, Prince Richard ‘4etteroich and Count Blome left Verona jast night, and ‘wil be nere wo morrow evening or on Friday moraing. A Paris letter in the second ¢ dition of the London Times, of July 18, aud dated on tha evening of the 17th, says:— A private letter from Cr:mona, of the 13th inst., staves that the wounded soidice’s in the ‘noepitals there are well attended by the Burge-ns of the town, and are gong 00 favorably. Accounts from Brescia are by no meaas #o satisfactory. They ‘fate that there are more oan 11,000 wounded soldters ia that town, and a species of putrid fever bas eet ta, which the French call pourriture de Who: pital, The deaths are, unfortunately, very numerous. ‘The last sccouste, dated July 6, which have been re ceived in Constarftoople from the Danubian Principalities, state that affairs were every day gesting into greater em barraesment, and it was thought toat the intervention of the Euroryeao Powers would sooa become necessary. M. Bazile Atexandri, Secretary of State for Foreiga Affairs in Moldaviv., bad arrived at Constentindpte on a miseioa from Prince Couza. He wae charged to explain to the Porte the exact 0 caring of @ note which had been addressed by nia to the Powers. The accounts which bad been received from Servia were satisfactory. The! Skuptchina had deen dissolved, and the new Cabinet simply executed ihe orders of the Prince. 9 Acorrespondent of the Leadon Herapath gives the fol lowing speculation as to the “probable” dividends of ome of the principal English raiiways for the half your Juet terminated:—London and Northwestern, £2 58; Great Western, £1 28 6¢.; Midiand, £2 128. 64. # Great Northern, £2 be.; Bastern’ Counties’ £1 bs; Lanvashire Se eee £2; Nec fe pei £2 7s. 6d ; Brignton, £2 10 ucbeastern, ; Nortoeastern, £2 68.; Ne Statfordabire, £2 28, 64 ; Sheffleid, 16a.” obi A despatcb from Ber'!in states that the pret of Ri y Mipister at Bronsels, left vacant by thedeaty of i as Richter, will be filled by Prince Nicholas Orioff, soa of the first Russian Plenipotentiary at the Coagrecs of 1 ariv, Direct confirmation of the above has sis arrived from. St. Petersburg. THE TREATY OF VILLAFRA.NCA. SPEECH OF THE EMPEROR OF FTRANCE. ‘ Panis, Jal y 20, 1859, The Moniteur contains the foll,wing:— Yeeterday eventug the Etrioeror recei ved the gren dodies of the State, the presio ants of which, M. Tropling, Count de Merny, and M. Broche, addr eget congratule: tory speeches to mis Majesty. Tho Kinpe rar chanke:! them for their devotion, and thin exp.ainea ike jensone for hie conduct dering the great events He ‘gaid:— Arrived beneath (be “galls of Vero d's atrogel inevitably about to oben, ero ia, the struggle wa ae a political aepect, Oy 42 nstar », as well im a miltary frovt, who won eatvenched. beni 4vick the ‘enemy ia protected on bis flank oy ing territory, anit abo Tiound myeelt tn the fac ek? a ong and barren war, face of Earove, in arms, reaty » dispute our sutcersés or > x a ~4 theleee, the difficulty of tee” ee he a er Nev es shaken my reeulution if tho SOVerPrie woe are Proportion to the reqults ta, MCaes Bad nok Borg oat of Tt was neopssary to crug’ oj ne ey and then to accept a cong ,° boldly the obeteteg apposod, the Adige. It wi o feton she ROW’, ge woll as oa with dhe Concurrence of MFI fOr onysgeiver openly goon abedding orecioy — FeVCMUON. Ty was nncomsary to is Dlood, AD ab last risk thes which country. If Lhaye _-'¥ Stake Tor the independence of bis rinese or exhanesio OP De3 M was neitver through woa canse which Ices) 2, DOr Throngh abandoning tar Thi rele veh ve, bot the interests of Fran ance to put reiue cneh* trom my programias the territory ADDITIONAL FROM EUROPE. | , Combaed jf most, all the sovereigos of the peuingula j Scemes for the Great Historical | } | | of tee torone, and } Count Arese, the New Sardinian Minister, and dey mentioned ag the period when Parliament is Likely to turns of the taxes and inairect revenue forthe fret eix | other Russian menof-war, re dally expected at Gaaiz | The Empress icft Laxeuburg ‘ast night, ani wont by | the ardor of our | oo the Minc'o in toe Adristic, aot to gee vanish from ) Loves bearce nobis de insides aad patriotic lu order to gerve the Indepeosence of TIwly I made war Let bbe my) d of Europe, sud ss soon as ihe destiny of y cour! wa De jergered I made peace, Oar crifive® have soey heen merely losses? No, we Dave & rigbt w be proud of tins campaign. We have’ venquithed wo wiiny bumeroue, brave aud weil Peeomont das bren delivered from invasion; ber frontiers Bave been extended ta the Mincio. Toe idea of a» bella petionality hay been ademtted by thove who cotuyprebeod tbe wanis of sainary reforms. Thus afier having given a Dew proof of the militsry power of France, sb@ peace concinded wil 02 prolife of nappy resuiws. The future wil every cay reveal udaitioual caues for the bappinees of Itay, the welfare of France una the tran- quility of Europe. MANIFESTO OF THE EMPEROR OF AUSTRIA. When ali concessions thst were aliowable, and com- | patinie with the diguivy of the crown aod the honor and wellare of the country, have beea exhausted, and when ail attempts ata pecitic arrangement nave miscarrind, | toere 1s Do room for caoice, and what Cannot be ‘avoided Decomes @ duty. ‘This duty placed me under the stern necessity of de- Dapows ‘rom people pew and painful sacrithces, in order to place in & state of cofenoe tbeir muss sacred in- tereste. My faithful people have respended to my ap- peal; they bave preseed ferward unanimously im durence they bave made tne sacrifices of every kina demanded by circumste.ces with an exgerness which werks my gratitaoe—waoied augmen's, if posernie, © profound ailecwon which I feet for them—and which ua adapted to inspire the aesurance thas tye just canso tw defence of @aice my brave araies went forta with en. thontasm to the contest, would de victorious Unbappily the result bas not corresponded with the generat cfort, sod the fortuse Of war bas not been favo- rable to us The valent trmy of Austria bae in this inetence ayain Riven proots of sta tried herolem and ite incomparanie per- keVerspoe, 80 Driliient that 1 has commanded ibe adm ra- ton of ail, even of te enemies. I exverieacze @ legitiaare price in betpg ube chief of euch au army, wud the oorntey ought to feel wdedted to t for Daving maiataines vigor- Ovsly, 1D all ts purity, toe bower of the aastrian flag. Tew not lees perfectly estabiisbed that our enemies, in ie of the greates eflurta, 'n spite of toe euperior forces wrieh they had for a joog period been preparing for tae conflict, have Deen able, even by makivg the greatest Baoridcew, to obta D only advantages—not « decisive victo- ry; whivo tbe Auetriau army, still animated by the same ardor, and ful) of the sams courage, mulasvaived @ position, the poseession of which lett perhaps a prestoiity o re- coveriog from ine evemy all the aovauteges tout be bad gaived. But jor vais purpose it would have been pecexea- ry W take Dew sacrifices, wuicn certainly would not pave been jess aloody thun those which oxve been made airesdy, and which have deepiy aillicted my beart. Under these conditions it wax my duty a8 a sove rego t0 take into serious consideration the propos ‘ons of peace whieh had be.n mace to me. Tue conse quences of this continuance of the war would have been ro much the heavier, because I shouii have beea obiiged to demena from the faithful people of my damt- Dim Bew eacrifices Of blood and of mozey mic% more considerable even tban thoee which had beea mide up to that time; and notwichetanding feuccess woulo Dave re- mained doubtfa), since Phave been *o diterly decaived jo «my 6 wellfounded poyes that this conwat not having been enterec toto for the defence of tho rights of Avstria only, I ehould not be left w:one in tt. In epite of tbe ardent sympavoy, wortay ofarknowledg- Deut, which the justice of our cause hes inspired for the mort part in the goverbmente aud peovles of Germany ,our | pavural alhea, most ancien: allies, bave obsnontely re- | fored to recogarse the great importance of the wraad qaes- tion of tbe Consequently Austria would bave oven obiiged ali alone to lave tbe ever ch were being pre- pored for,and woicn every dey migns have reuiered more grave. Tee povor of Austria coming intact outof this war— thane to the neroic efforts of her Valiaot army, { bare re- be Ved, Yielding to potitioal coasiderationa, to Make a 8ac rife /OF We re eeimonshment of peacs, aad to nrceps the preimiparics Wau angus to lead wo its Gans. asiog; for I brve scquired (be Copy: sHow thas Tebowd oocsia, in avy eVeab, Conditions lees Unjavoraole in comiog w 8 Mirect underttenéing wih tbe Bmperor of the Frensh, without tbe bienwing Of apy third party whawouver, thea iy causing to participate in the aegotisttions tne bree at Powers which have tasea | no part in \hesyeggle Untappily, [have been unable to escape the separation (rom tue ress of the empil of tre greater part of Lombardy. On the other haod, it ust be agreeable to my beart to see the blessing of peace asnnved airesb to my beloved peovle; and these blessings are doubiy precious to me Decsase they will give Dv the pocessery leieure for bestowing hencefortn wrtbout distraciion all my asentios wad golicttcde on | Mbe trurtiul tare (hes [propose wo wccomplish—tnas ‘a 10 + to found im @ durable Mauger the inter- ' pal well being and theexternal power of Awstis by the bepoy developement of ber moral spd metertal forces, @x6 by amelioratious contormaole to the apiris of the time spoke with Marshal Vaillant. ipapected their ercortz. fhe sruck with the upiform and bearing of m= tant Gerdes Seo ented whether then actor forsee set Be e sold'6rs formed of the Im- peria) Guard, on [Valeggio 11) corresp nlence of the London Herald, Tp) Ap hn will cierk ta buetory, and fatare will speak of the \awiview of Villafranca ue of thet of Erfurto and that of Cai T arrived have early bie morniog, but bad I cone the dey betore J could not have wilpéezed more iban | id. Orcere, dictated by a fositog of delicacy, bad been “given that ony privileged pergdaw abould approwh the Place of the interview Every cere had beep taken not © wood the prive of the Ewprror ot Auatria, \) whom it wourd coobtresn have been cinngrecadie to have deen a oe too much to public view. Meeting of the two susereigns wae fixed for one O'clock. Ate quarter of au boar v: fore Ne TL ar- ‘Hojesties then Their Fepperor wt anauie was 80 perar Napoleon wag composed Marshal Vaiiisnt, Genera’ Murtimprey, Genaral reuse the officers of the imperial bourebold and of bis staff, and or Of the Jeut Gar-es and oue of the Gaides, » several of division, with the sepi. The Emperor of Austria e180 wore an undress cap, and blue opiform frock coa:, und was followed by his staff, Sgoedrov of bis body (4 d, composed of pobies, and *quecron of Halape. [tia avid that he was much strack with the martial bearirg of the Frennh cavalry, and vast in presence of the Cent vardes wad be Guives, the aus- trian booy guara and the fuiaus did not appsar to advan- tage. On the two sovereigns meeting in the mid space they courteously saiuted aad soook hends. The Emperor of Austria appeared pieased with toe cordial welcome aad open manner of the Emperor Napoleon, The two Empe- — remaived for soc slone im the _ of the 10sd, suo excharged e tew words. Chey then reciprocaily preeevied ibe cilicers of tue stalls; ana the moment after the several oflicers were intermingied, acd Marstal Vail- iobt Was keen in conversa‘on wito Baron de Bers. Napo'row Lil avd the Emperor Francis Josepn thea ad- yavoed bide by side towards Vuliatranca, the Caat Gardes giving the precedence to the body guard of Austria, who Jes the Wav, Dat the Guides parsing before tue Hulaus. At Villufrupea the boure vt M Cario Moreilt, sttuased ip the principal aureet of the iowa, ned been prepared to re- ceive the two sovereigos. Toe Emperor of Austria had Perbed B Light there berore tue bacue of Soiferico, It is @ babtei00 Comsortabie, bas emple, and not remarkabie for avy extraordinary wrtzaction. 1 bed viened iteamy io ine morning, andeaw, im addi- tion to the bedroom of the avatrian Emperor, the sitting room ib which the coulerence was Ww taxe piace some houre leter Theturnivare wna cartes were green, and the satis peinted in omuemper. There were several seus: of Various kinds, bat only two arm chairs. Ia the centre was ap objong table coveret with a green cloth, aod oa it was piaced, just as 1 entered, a vate of freably gathered flowerr, *hwh quite pertused tue room. Is was tnere ‘Wat for upwarde of an hour aod « half the two Emperors Were eeated discursing the highest interests, and Without apy ove bemg present, Frum a fe gf delicncy, the King of Piedmont was nt ti to the interciew. It canpot but ne allowed that the presence of a euccestor 18 always more avooying and iotolerable ‘Ubed (bat of a rive! or of a conqueror, Wuilei ibe inier view was pong oD I WaS outeide ta ine streat, waea I could Boe the encorts, come remaiuiog seated on their borses while oluers bad dismounted. Hut met the shghiest sound was hesrds every kind of conversation was mwpended; and all seemed dominated inviluataniy by @ certain emtiun pro- duced by the impntance of the macuent which was pwsing. ‘A8 to bat took pice inbide J caauot tay woytbiog: all tbat | know is tout whea tne two sovereigns jasued forth | from the conference tary eeemed bow perfecdy xaueded. | The word to moust was then given, and tp an instant all | were m bs saddie. Toe Ewperor of Austra utiered & | tow worde expressive of toe admiration ne feit for the | Freveb army, ene oid Marsha: Vaulent and Generals Mar- timorey and Fieury the hocor of staking hands with r hem. fhe two covereigos then took leave of each other with Abe greatest corawity: and tee next moment cacn splen- aid ceni-ge wes On the Way back to tne piace from which i bad Barbed. The Emperor of the Frewch cutered Valeggio at a little alter eleven, [Paris (July 16) correapondenoe of London Times] Some litte private n“ormetion relative to the interview of the two Emperors Das tow morving been acquired, Exettly at pine in the morn ng of the 1ftn the Emperor Francis Joreph reacted Viilafracca, where he was re- ceived by the Emperor of the French with great appa- in legisigtion apd acmiwistrasion. Ag in tnese daysot se- rious triale abd sacrifices my people have shown them- eelves faithiul to my perton, 80 DOW by the confidence with which they resvond to me, they mili aid {9 accom piebing works of peace, and in attaming the resiizaion | Of my benevolent intentions. | as chief of the army, | have already expressed t2 tt, in Boecial Order of tue day, my ackuowiedgwents of Its very. Today I reoew the expression of these scoti | mevw. While I speak to my pexpie I thaok those of their | ebndren who bave fought Goa, their Emueror aad | their country. [ thank them for the beroimm of whica | they have given proof, aud I stall always remember with grief those of our brave compauions in arma who have | Bot, alas, retarped from the combat. | Laxunnouna, July 15, 1859. FRANCIS JOSEPH. THE PEACE PROCLAMATIONS OF THE TWO } EMPERORS. When war was declared by Austria aud France wo | Prinved in parallel columns the declarations of Louis Na | Pocon and Francia Joseph, by way of contrast. Wo now ve, in the came form, tue orders of the day through ) which the two Emperors annoanced to thetr respective ar- | mies ana peoples the cons.usion of peace. The compari son, like that of the deciarations of war, is interestiag :— | FRENCH ORDER OF THE DAY AUSTRIAN ORDER OP THE DAY, fhe buses of peace nave Dependwg oa my right, deep arranged with the Em- on ihe enthusiasm of my peror of Anstria; the prin- subj-cts, oa the courage of | cipal object of toe war oss my army, and oa the natu | deen optwroed; Italy is about | w become for the firet time @ pRuoD. A Confederstion | of all the Italian States | ander the honorary Presi- | dency ot the doly Father, | wil unite them togetber a8 the members of one family. | Venetia, it i8 true, rematos under the sceptra of Aus- tria It wil, revertheless, | be ap italian province, con: | stivutitotimg a part of the Contederation. Toe union of Lombatay with Preamont creates for | DB on this gids of the Alps & powerful alty, wao will owe to us his ‘dependence. The goverrrsents ubcon- nected with this movement (en dehors cu mouvement), OF recalied to their pouses- | sions, will compreheod the pecresity of salutary re- | forms. “A general amventy | will cxuse to disappear tae traces of civildiscord, Tta- ly, Deveetorth mistress of Yer devtmnies, will ouly bave | to blame herself if she do DOt regularly progress in order and hiberty, ‘ou will seon return to France The grateful coun- | try will welcome with transport thoes soldiers who have borne so higd the glory of our arme at Montenetlo, Palestro, Torbigo, Megenta, Merignan and — Soiterino; who, in two months, have emancipatea Piedmont ead Lombardy, snd only paveed because te struggle was about to assume propor- tions inconsistent with the iwterests of France in con- ection with tais formidable ‘war in order to matutain ia- violate ihe exiatiog treaties, Subjects I found will jag to make avy and every sacrifice. Sanguzary coa- tots have proved to the world the feariessness and rior ia Dumber totheesem7, acd hag jost thoussads of officers snd private soldiers, is fall of strength and cour: age, sad joyfatly iooks for- ‘Ward to the renewal of the strugele. Briog without al- les, I yteld to tne unfavors bie politisa! relations, it ve- ing my first duty to avoid abedding, to no purpose, the blood of my soldiery ‘and demanding useless sacrifices on the -part of my peopte, I conciude peace oa tne basis of the line of the Min- cto. From my {omoat heart I thank my army, which has again provea w me how completely I can depend on it in fusure ware, FRANUI3 JOSEPA. Verona, July 12, 1859, war. Be aleo preud of your success, proud of the re- gulis obtained, proud, above, ail, of being the well de- loved children of that Frapce which will ever con- tinne a great pation so long anit sball bave « heart to comprehend noble causes and men like yourselves to defend them. : NAPOLEON, Vance, July 12, 197, THE INTERVIP WS OF NAPOLEON AND FRANCIS JOSEPH. MEETING OF “GR TWO EMPERORS IN PRESENCE Cr THEIR ST4"ePS—THELR UNIFORMS AND GREETINGS RETINBY'ENT TO THR DIPLOMaTIC CONFERENCE— INTEN?.8 ANXIETY OUPSIDE—TAKING LEAVE. A le¥.er from Valepyio of July 11, in the London Times, gives additions! details concerning the interview of the two Ee perors at Villefranca, Iv saya:—Whoa the sovercigns V.ere about te enter the house the Nobie Guards = ranged op the right in the vestibule, and the Cent Guards { on the left. ‘Zhe Emperor Francis Jogeph, insisted on the | Emmeror Napoleon entering firet. The bay ed tien Francis Jogeph to derakfast, bat the tater ge ‘a3 ho bad breakfasted before setting out. ‘The two Emperors then entered th sitting room alone. Their Majeating sat Cown as oppreite Biden of the table. | he Emperor Napoteon aid on the table a fow claarettos | iGo chrelope, ‘aud offered one to the young Sovercign, | who tected i. Although no third perton heard a word of was paseed at thia interview, T oan state that they conversed sometimes in Tatian, bat more frequently in German: sot a word wes written down, Daring tho con- creation the Emperor Napolean, as if mech anivaily, pick: | f4'to pisces sore of the flowers piaced in vase before | hi eis fewuliee from the house the Kenerar Napoleon con- gereed on irvtant with Darou Rees, allie Francis Joseph | excused, Pat allies of Austria, I waged | rent kindness, snd even a show of defererice, Tne two movarcha took breakfast aod remained together unt! dve mn the afternoon, and it would appeer that they settled the bases fur tne prelimiuaries of peace befure they rted. “a military circles it is stated that Louis Napoleon show- ed certain documents to the Emperor of Austria which re- moved any doubt be might have felt avout the necessity for sacritcing Lomoardy. ‘fhe one documen;,”’ said my informant, “was a U830- A’ Rusnan peace proj watch was based on the cession of Venetia as well as bdardy, and the otber was a despatch, m which Prussia ex- Pressed her reeo've not to draw her sword in defence of ‘any part of the Austrian possessions in {tely.”” [Parie (Sly 15) correspondence of London Star.} The particulars of tne interview betweea the two Em- perors have resched us, and are§variousiy discussed and commented u; pon. Tbe aceve must b: been striking in a mora! point of view, although simple enougn to the eye accustomed to Iniutary show and imperw! grader: Lous evn wes attired as a field officer, with the fcpnty kep! with which he loves to diefigure mmeeif pinced on bie closely cut bair, Francis Joseph, whore face snd figure form a striking Contrast 10 those of biz august enemy, bas just reached ‘bis 29:h year The calm and strict morality of the life whier be has led bas preverved his youth beyoad the uaual perioo, and he still looks almost bovisn. He is of mideie beight, very slim and light w figure, of fair com- Plexion, end of “we fall features of tne Louse of Austria He wore a sky-blue tunic, exceedingly becoming, and a general's andress cap, and three badges of the different orders to woich by heredimry right he belongs. It was observed that he was severe! miovtes vetund time in the rendaez- yous, anda Louis Napoleon had to rife forward w some littie'distance to meet him. When the two sovereiges | Kad arrived ia sight of each other, they put their borses toa walking pace, and once mide by vide, they bowed courteous'y, and the Emperor of the Freuch exvended his haat, which waa taxen by Francis Joseph, but a0: a word passed between them. It was towards the house bearing the number 322 (Casa Ganeint Morefii), im the high street of Villafraaca, that \he two corteges directed their march Both Kaperora algbted from corsebact at the same moment. Louis Na- poison courteousiy offered precesence to Francis Joseph, but with the respect due w superior age, the young Eaperor Grew buck to allow bis gemor to pass in firet. Not a soul entered the Cure Gendini-soreilt with the pair, the two suites, tho generas and the aides de camp remained Standing without. : Marsbal Vaiiiant, turning sick and faint with the heat of the eun, cemanded a chair, winch was brought from = neighboring house, and be was whe only {ndividusl who remaihed yeated during the interview ‘Woat 100k piace in shat old salle cagge o¢ bitone can teli,.. but when both left werved that Lowis Napoleon wore a é grave and care- worn aw than he had done during the ride thither, and that Frapois Joseph bad jost the sighs tues entering, and tat his countenance was lemess. Both paused an instant on the threshold of the Casa Gandini, looked at each otier intently for an instant, and by One simultaneous movement extended their hands. The mutual grasp with which the mutual courtesy was greeted teemed cordial, but neither looked towards the other again. Both moupted, and both rode off ate brisk trot towards their respective quarters, It wes a quarter to nine when the Emperors eutered ‘Villefranca, it was just = quarter past eleven when Louis Napoleon returned to ‘mieggio, . {n that in-ervai had been settled the future destinies of Eastern Europe—the security to the Lutin races of their ltalian boundary—tbe chasing of the Teutous once more © the Danube, whence they came. Lombard: presented, wita a ‘‘compiimen:’”’ like a i paper—a cracker for inetance—to Napoleon IIL, and been despatched immediately with another ‘‘compiinent’’ to King Victor; but these are the mitimate results of the col- Joquy—the immediate consequence was the suifting of Napoieon’s headquarters from Vaieggio to Desenzano, and the ceparture of the Zousves and giepadiera for that place. Ag the removai wiu certainly be couducive to the welfare of their bodies, so may the march thither be con~ geaiveto the welfare of tweir ale an a ey Will pags through the cougle graves 60 with white nme, and surmdunted by # row of vleck crosses, which gum stan peeve ne of. men Wo ded 20 very 6 in D',men soule—this very bartering of kingdoms and of peor es, which bad that morning taken place at Viliafraoca’ Thay must be dull indeed should the morat fail tO {na Hs . pplication. Mgamnile the Reneien of King Vietor—the ubiquitous ©. your—was hurrying by express train tothe King’s head- quarters. Wub rage snd indignation 1m ‘his soul, he wae pastening thither w give in his resignation, Just sefore the breaking Out of the war, Cavour said to Rothschild, Gere 110 resign just new, Baroa, your bouras would rise at least ten aous ”” ‘You hold: yourself too cheaply, Excellenza,”’ answered Rotheohild, laughing. The evoat Las proved the truth of this opiuton, for the bourse gave way Vice. | veneuth the fw he ne Sr Sap ios terdsy of the soceptance Count’s resignation by King, and the rentes fell a frave! THB IMPERIAL EMBRACE OF NATOLBON. A Paris dent of the Nurd gives, on the av- thority of des) reovived from the beadquar.ers of ‘ho French army, the following respecting the interview of the two Emperors at Viliatranca:— When the two sovereigns met, thelr first movement ——— hsve been do offer the hand; bat tne Em- OF Neo gald:— bog Shes howwe w you with sentiments of loyalty and cordiality of whack ‘you ca) tainly partaxe, Lot us em~ brace.’ Andskhe two Emperors threw themsetves into euch other's artis, ‘The mrerview insted nearly the)whole day. NAVOLEON ANNOUNCING TH ,PBACH TO VICTOR BMANUELs [Paris (July 26) correspondence of London News.) I bave Seed & Lurim lstivr, which siaies taas whea tog