The New York Herald Newspaper, March 1, 1860, Page 8

SMPORTANT FROM WASHINGTON, [CONTINUED FROM FIRST PAGE.) a becomes fashionable, said he, now for each gentleman who makes a speech against the democratic party to refer to Kansas as the cause of all the distur- ances which have since ensued. The Senator from New ‘York talke about that act reopening the controversy, and @bout the repeal of the Missouri compromise. Sir, wherein consisted the necessity for the repeal of that ‘net, except dt was that the majority in Northern ‘States refuse to carry it out in good faith? 1, sir, stood willing ‘to extend it to the Pacific Ocean, to abide by it forever, end the entire South, without one exception in ‘this body, was willing thus to abide by it. Sir, the free soil clement of the Northern States was so strong as to defeas ‘that measure, and thus opened the slavery question anew. men who now com- plain of the abrogation of that act were the very men that denounced it. all were willing to abide by Keo long as it stood upon the statute books, and we were trying to carry it out. Sir, it was the defeat of the Dili to extend the Missouri compromise to io in ‘the House Representatives, after it passed the Senate, that opened the controversy of 1850. which’ was terminated in the establishment of the measure of that year, The compromise measuros of that year were carried over the heads of the Sens- tor from New York and his agsociates; bu! in 1852 ‘the Senator's party agreed to abide by the meazures of 1860, In 1854 the Kansa-Nebraska act wes passed to carry out the principles of these measures. He was not willing to sit suill and hear himself charged with respoust bility for the agitation which belonged to the Senator and hie associates. The preseut agitation resulted from the reelstance of that party to the measures approved by the people im two Presidential elections, But the Senator irom New York went further, and his doetrine was that the Declaration of Independence asserted the equal- Sty of the negro rage, and therefore all laws in ation of that ide@d were not to be observed. Fer himself, be thought four years ago the Senator de- @ared that the Declaration of Independence intended to Fecognize tho negro and white man as equals unaer the Divine Jaw, and lence that all provisions of the constita- tion ef the United States which recognized slavery were in ‘Vielation of the Divine law. In other words, it was an argument against the coustitution of the United. States on ‘the ground that it was contrary to the law of God. Toe Senator from New York had long held that doctrine, and Preclaimed it in a speech which he made in Ohio, ® 1868, that the constitution of the United States was in. violation of Divine law, and, therefore, Tt has been the doctrine of the Semate to-day for the first time. He had met it in his own ‘State for the last ten years. The Senator from New York says, in this very epeech, New York is yet a slave State, not that she hase slave within her limits, but because the @onstitution of New York did notallowa to vote equality with white men. For that reason New York, De said, was still a slave State, and for that reason every other State that iecriminated between the negro and the man was asiave State. Notwithstanding that the with the leading men of his party, was com- to these doctrines, he argued that their tendency itlemen carry out their principles to their austin. If they’ persisted in the deciaration is made the equal of the white man, then out their doctrine by conferring upon them of citizenship exercised by white men. he festa ig Ieqwearinesn of had'%__ referr e wi race. Beant ac RECHT interpreted that instrument ; but they did not dgamediaiely emancipiied thelr Toon made by white met <cq for the benelt of Doourmiz, (rep) of Wis., askea _, ine Torrltorisa to white mek? “wv not, then, . DowG.as replied that would throw them oj. ‘white men and negroes too; but he wanted white men erganize them. If they wanted slavery let them have %, _It was their business, and not his. it was a question of political economy and self interest. The Senator from New York coined a new definition of “labor States”? and ‘‘capital States.”’ It took him a good many years to coin terms and bring them into’ use. had occurred up in New England to induce hhim to bring out these terms and takes sides with a most Strikes had occurred at the North among starving workmen, because the doctrine or the “irre} ible conflict’ had driven off Southern busi- ‘mess. Senator had sought to place himself on the side the shoemakers. The workingmen knew this very ‘well, and they also knew why 0 many Southern orders ‘Were not received as formerly. Mr. CLark, (rep.) df N. H., said he came from a manu- facturing town of 3,000 operatives, but business was never Detter there than now, and the workmen were never bet- ter contented. Mr. Dovetas replied that there was no other cause for the strike at Lynn and other places than the withdrawal of the Southern trade. The strike weeulted from the general prevalence of the game Yeeling which induced the Senater from Mat epebede ora im hemespun. He (Mr. Douglas) was satisfied with tho application of “popular sovereignty ,”’ both in New Mexico and Kansaz—one instituted slavery and the other ex- chaded it. He was satisfied with both. He would not force slavery on Kansas, Why did not the republican [eos Soe to carry out their principies? Why do they mot bring in bills to abolish tnoce “twin relics of bar- Ddariem—slavery and polygamy”’ The Senator from New ‘York said had no measures to propose. What, ‘then, became of their ple¢ges? They were atraid to make the attempt to carry out their measures, as they did not to drive off the conservative men until after the In the event of the Senator from New York being elected President, let us see what he In a d Ek ite be as st @speech made in Ohio he sid, ‘‘sla can be limited ‘to its present boundaries—it can be it can and must be ebolished—and you and I must do it.” ‘Wahout such avowals as this the abolition wing of the party could not be retained. But they say that they pro- pose to do it all under the constitution—that they will out the constitution, except that part which is not ible to the law of God, and they decide the ques- tion ‘what is the law of God.’ Ir the constitution were of the law of God, he did not see how, in con- weience, they could take the oath to support it, when the Senator devoted a third of his speech to a very beautiful homily on the glories of our constitution. Ali t! he has said, or that any other man has said, about this glorious ‘Union, I fully endorse. I am glad to say that the Union is glorious only when the constitution is preserved inviolate. I go for the Union; but still, what is the Union worth unless the constitution is preserved and maintained inviolate in all of its provisions? Sir, I have no faith in the Union loving sentiments of those who will mot carry out the constitution in good faith as our fathers made tt. Professions of fidelity to the Union will be taken for naught uniees they are accompanied ‘with obedience to the coxstitution upon which the Union rests. Then I am readéy to insist tumt the constitution shall be maintained inviciate in all its parts, not only that which suits the temper of the North, but every Clause of that constitution, whether they like or dislike it. ‘The constitution binds you to every line, word and Mable of it, and you have no bs oa to say that ” it is in violation of Divine law you will not observe it, and whoever evades any one principle upon this pretext his oath. Then of what consequence is this pre- ‘text, that it is in violation of Divine law’ If you believe ‘that instrument to be in violation of the laws of God, how ean your conscience allow you to take the oath of office ? If the Senator from New York still holds to the declara- Divine law, how he, ag an honest man, tike an oath to sup- rt that instrument? Thus we see the radical difference ween the republican party and the democracy. We stand by the constitution as our fathers made it, and by the decisions of the constituted authorities, as pronounced im obedience to the constitution. They repudiate the in- @rament, subsiitute their own will for that of the con- stituted authorities, and then say we will protect all the rights under the constitution, as expounded by themselres ‘and not as expounded Ky the tribuna's created for that'pur- Mr. President, I shall not occupy further time in discussion of this question. I did not intend to utter a ‘word. I should not have uttered a word upon the subject ‘Mf the Senator Shnteg NT en not are that oo arraignment emocratic party, and especially bat Secor meen ae emo responsible. ry’ ROWS t for wi Ea helped to carry thi the Kansas-Nebraska bill, and jad faith attributed to the democratic party ‘the Committee on Territories should inquire whethor the Provisions of the English bill in regara to, Kansas were Mr. Tema, .) of Tll., said his colleague had sna Gt be bes Catbsed at the idea, of negro ihe Divine law, =r men in « state of nature were free L that society created the inequalities. Kaneas-Nebragka bill was no popular trinmph, for by it : Ho farther said the ordinance of 1787 jong Li to freedom. Mr. Doveras said he disliked this thing of de- negro slaves in Ilinois many a time. wer.) They ad both the same negro servants to black their boots. ‘Continued laughter.) He knew, that slavery exist in the State, and in the Territory, and. hie denial was only & question as to whether or not slavery was legal. The ordinance of W187 ited slavery, but noteith- standing that, old inhabitants held slaves over the territory, by a law passed by the Legislature ing them to in denture slaves. In 1820 were = over F E Ly peg ‘say it was put in to carry out the compromise . TRUMBULL said it only needed @ simple statement of facts to put the Senator down. But for the ordinance ‘would have been a clave State. A made to bold slaves, but the constitution de- ordinance to be valid, and that kept slaves out. . Dixon first made the proposition to repeal the promise, Senators om the other side de ag a firebrand, but in three days after they ay i NEW YORK HERALD, THURSDAY, MARCH 1, 1960. > diseovered that tt was necessary to carry cut the compro- mise of 1860. ‘The subj ww 5 fr Ln whenadapeierin Friday. House of Representatives. ‘Wasumeron, Feb. 29, 1860. ‘THE ADNISEION OF KANSAS. Mr. Parnorr, (rep.) of Kansas, presented the regotu- tions of the Kansas Legislature, asking admission into the Union under the Wyandot constitution. Referred to the Committee on’Territories. THE TROUBLES ON THE RIO GRANDB. Mr. Corns, (rep.) of lowa, asked, but failed to receive, consent to introduce a resolution caling upon the Presi- dent, if not incompatible with the public service, to trans mit to the House copies of any official correspondence which the Department bas recently had with Governor Houston and others coucerning the difficulties on the Southwestern frontier, and also that he inform the House what meagures, if any, have been taken to protect oar ci- tizens and preserve the peace of the country; that he also intorm the House whether orders have been issued au thorizing our troops to enter any of the States of Mexico; and if so, that copies of suzh orders be transmitted to the House, with all the other important information relating to the matter in the posseesion of the Department. ‘THM KLECNION OF FORD AS PRINTER, ANNULLED. Mr. Rurvix, (dem.) of N. C., catled up his motion made yesterday, to amend the journal. His name on the last vote for Printer was not recorded, How this happened he was at a loss to know. During the six years he bad been a member of the Houge he had never missed a vote, except when absent from the city or confined to his bed by sickness. He was quite certain that he voted for Mr. Glossbrenner, and minutely stated all the circumstances at the time. Mr. Hixpman, (dem.) of Ark., confirmed Mr. Ruffin’s statement, the gentleman’s peculiar voice and manner of answering to his name attracting his attention. Mr. Raf- fin had inquired whetber bis name was recorded, and the Clerk said it was. Of these facts Mr. Raffin was per- fectly confident. Mr. Frorxncr’s, (dem) of Pa., memory was clear and distinct upon the eunject. He did not bear Mr. Ruffin res- pond to his name, but heard him ask whether his name ‘was recorded, and for whom. The Clerk seemed to put his name on the tally, and gave an affirmative nod to the Speaker, who reeponded that Mr. Ruflin’s name was re-. corded. ‘Messrs. Jony Cocurane, Wixstow, AsnMons and Stout confirmed the foregoing statement. ‘Mr. Sumnman, (rep.) of Ohio, supposed from what had Deen said that everybody was eatistied that Mr. Ruilin voted. Taerefore his name ought to appear on the jour- nal, whatever may be the consequences. . STANTON, (rep.) of Ohio, remarked, if Mr. Ruflin absolutely gays he voted, that was enough. Mr. Grow, (rep.) of Pa., said it was the duty of every member to vole when bis name was called. The object of the Clerk reading over the roll was for members to learn whether their names had been recorded. He did not make these remarks as applicable to this cage. Some members fail to answer to their names when they are calied in order, and afterwards ask how they aro record- ed. If they would answer when they were called in the first place there would be no trouble. Mr. Froraxce—You need not thus address the democra- tic side. The changes on that occasion were on your a side. Mr. Grow—I was applying my remarks to both sides of the House. Everybody knows the custom to which I havo alluded has grown up—— Mr. Rurriy said no man was more particular than he ‘was in voting. Mr. Grow gaid that in case the journal was wrong, his point was that this was no time to correct it. It is too late to go back. No motion to that effect could be made after the House had passed to other business. . FLORENCE said Mr. Grow’s philosophy was not good in ts application at this time. He might say the ele- ite this agsembiage are not quite as co. Snax wore probably, if not more ‘aree, more perverse. 16 Hevea had better settle _ ‘Suestion at once, £0 that no legal douse might thore- Mr. ConWm. (rep.) of Ohio, said there could be no doubt about Mr. Ruffin's voting. Should the journal be cor- rected it would result in what is called a tie vote, and there would be no election. With the view of comivg to as speedy a conclusion as possible, he wished to offer preamble reciting the facte in the case, concluding with a resolution declaring that notwithstanding the informality im the election, Mr. Ford be declared the printer of the present Congress. Mr. Rurrty refused to yield the floor for the introduc- tion of the resolution. “He had aright to have his name recorded for Mr. Glossbrenner. ‘The House ordered the journal to be 80 corrected. The Sreaxer declared that the election would be consi- dered as a nullity. : Mr. Corwin made an ineffectual effort to offer his reso- lution. The Srxaker eaid the House would proceed to the election of a printer. Mr. Wasnvurye, (rep.) of Me., asked whether it would not be better to postpone the election till to-morrow or some other day. Mr. Barspa.x, (dem.) of Miss., moved to postpone till to-morrow. There were a number of absentees in the Senate, where he understood there was an “irrepressible conflict,” Mr. Seward having the floor. ‘The motion was disagreed to. Mr. Burverr, (dem.) of Ky., moved to postpone till Gr aan, (rep.) of Pa., objected. Too iblic . Moria, (rep. ol , much time bad alreacy a canbaee eee Mr. Burxerr replied the waste was not on the demo- cratic side of the house. ‘Mr. Puxtrs, (dem.) of Mo., was satified that no pro- gress could be made to-day. They had better defer the “vine Hlouee then proceeded to vote, as follows 1¢ House then proceeded to vote, as fol — Whole number... On motion of Mr. SuzrMay the further consideration oi subject was postponed till to-morrow at two o'clock. The Houre went into Committee of the Whole on the state of the Union. Ali the members, with the exception of about a dozen, went to the Senate. SPEECH OF MR. REAGAN ON THE SLAVERY QUESTION. Mr. Reacay, (dem.) of Texas, made a speech maintain- ing that the constitution recognises slaves as property, and that neither Congress nor the Territorial Legislature can abolish or bave power over slavery in Territories, which are the common property of all the people. In re- ply tothe arguments heretofore uttered, he said the de- Mocratic was neither a pros avery nor anti-slavery party. SPEECH OF MR. EDGERTON ON THE SLAVERY QUESTION. Mr. Encrrron, (rep.) of Ohio, arguet that tt was mad- ness to attempt to ignore the question of siavery. It was the grand question of the aay, and will not be ignored. ‘The conflict is ‘+irrepreesible.”” ’He argued against the ex- tension of slavery, and insisted that wherever the govern- ment is responsible for slavery the latier should be stricken to the dust. SPEECH OF MR. GROW ON THE FREEDOM OF THE PUELIC LANDS. Mr. Grow, (rep.) of Pa, discussed the propriety of ceasing forever the sale of the public Jands and dedicat- ing them to free homes for free men. He said under the present system this government is responsibie for the abstraction of twelve hundred and eighty-three millions of dollars from cultivators to go into the pockets of land gpe- culators. He maintained that mail has a right to the free use of whatever nature has provided for his sustenance. It was time the lingering relic of feudalism should be swept from the statute book. He showed the beneficial effects, in a social, national view, which would re- sult in the homestead system. laving spoken of the protection of every constitutional right in the North, he said that in the South to be suspected of loving liberty and bating slavery wasacrime. Ifsiavery can- not stand Defore freedom of speech and the prese let it go down. Itis vain to talk of further concessions to slavery. Its last act of treachery sbuts the door fore vor o the privileged few—the slavebolding arist»xcr»cy. There was not a despotism but sustained itself on the doctrines by which the democracy attempt to justify slavery. The democracy atthe North consist of a few cotton divines and cotton politicians—a Swiss guard who fight for pay and do not represent the opinion of the pesple. SPEECH OF MR. JUNKIN ON THR PROTECTION OF AMERICAN IN- DUSTRY. Mr. JUNKiN, (rep) of Pa., advocated protection to American industry, and condemned the free trade policy of the democracy. The Committee rose and the House adjourned. Democratic State Con- vention. Reapina, Pa., Feb. 29, 1860. ‘The Democratic State Convention met at noon. Robert Tyler, chairman of the State Committeo, called the Convention to order. Geo. N. Smith, of Cambria, and Wm. P. Schell, of Bed. ford, were nominated for temporary chairman. There was much confusion and excitement, during which tellers were appointed. Mr. Smith received 68, and Mr. Schell 58 votes. The announcement was received with applause. ‘Mr. Smith was conducted to the chair. He addressed the Convention, invoking concord and harmony in the party. Referring to the state of the political elements, he urged the necessity of united action to accomplish the ‘Sucoess of the national democracy to defeat sectional black Tepublicaniem. It was announced that the name of Gen. Reilley was withdrawn as contesting the seat of ex-Mayor Vaux, for the sake of peace and harmony. G. Nelson Smith, who was elected temporary chair. ‘Man, is an anti Lecompton democrat. ‘Tire Pennsylvan: istrict delegates, and indulged in some severe cet tn frleuda, The wae Regn samnialetresion frien: ie was uently interrupted by bursts of applause. m it. Mr Scr, of Bedford, spoke vehemently against the appointment of the police the Chai aad in anor ‘committee chosen by the ri PS, ‘epresentatives of Mr. Bain, of Somerset, made an animated speech, and was especially severe on the ahercnts of tho na- tional ~ adi He | said they wedged together, not for the benefit of the de. mocratic party, mut to advance their own Pperecnal interests. eulogised the young cemocracy and warned the office holders that they would not be dic- tated to by them. If they listened to the dictators, they might as weil trail their flag tm the ¢urt, for they could not succeed; but if the voice of the young democracy was listened to, victory would crown the evJorts of We par Mr, Camppaz, of Allegheny, wanted (he coutes®: fettled, and the Convention could then vote vica woes for officers. Mr. Wrrsn, of York, favored a vote in open Convention. Mr. Mans withdrew his motion, when all the three be ny) were lost. . Caen then moved that the Convention vote viva voce for permanent President, and that the Chair appoint & somaloes of thirty-three is ‘choose the other officers. motion was agreed Mr. Cxsexa nominated Thomas 8. Cunningham, of Bea- ver, for permanent President. ‘Mr. Lexcn nominated Wm. H. Welsh, of York. th rg was elected by 4 votes. Mr. Cunningham Teoe! , ‘The vote for Mr. Welsh is rej as indicating the strength of Mr. Buchanan in the Convention. The Chairman appointed a committee of thirty-three to choose the other officers. Mr. Wisi, permanent President, addressed the Con- vention in a speech of some length. ‘He thanked the Con- vention for the honor, and pledged himself to perform his duties with fairness, strictness and impartiality. He in- voked concord, barmony and unios, without which the proceedings would be marked by disoord and disaster. ‘The fate of the democratic party was in the hands of the Convention. On its action depends the fate of the party for weal or woe. Let all personal asperities be forgotten— all party differences banished. Let the dead bury the dead. t all keep step to the music of the Union and the constitution. If we fall, Jet us fall with the flag of our country around us, and our last expiring cry be for the Union and the constitution. He concluded amid deafening shouts of applause, long continued. ‘The speech was eloquent in the extreme. Acditioval permanent officers were reported. During the debate Mr. North, of Lancaster, expressed a preference for John C. Breckinridge, of Kentucky, for the Presidency, which was received with thunders of applause by the Convention, Nominations were then made for Charlesten doiegates at large, and on the frat ballot Hons. Wm. Bigler and John L. Dawson were elected. The Convention then adjourned at a late hour until morning, without transactipg any other businces of im- portance. & Mrs. Blunt's Poetical Readings. ‘This highly talented and accomplished lady gave the first of a course of poetical readings before a large and appreci- ative audience at Hope Chapel on Tuesday night. Although ‘we cannot say that the lecture room was crowded, we feel happy in being able to state that the abilitiesamd high literary reputation of the estimable lady brought together many of the best educated and polished minds of both sexes in our city. Asa tribute of particular appreciation, the greater proportion of the andienco consisted of lndies—all of them fashionably and elegantly dressed. Mrs. Blunt arrived shortly before eight o’clook, and on her appearance ehe was greeted with loud applause. She soon after appeared on the platform, and, with a pathos and sensibility worthy of the fullest commendation, re- cited the “Carillon” of Longfellow. There are thousands who have read these simple lines, but until they shall hear them read by Mrs. Blunt, they may not fully comprehend the spirit which the au- thor. The ‘Siege of Corinth’—so well known to ail the lovers of the refined poetry of By- rop—was rendered by this lady im a manner that once heard, cannot well be forgotten. The vivid and terrible description of the horrors of the fee, and the feast of the dogs on the carcasses of the |, Were sim- ply, and yet earnestly, told by the fair reader. The selec- tions from the inimitable Shakspere were, beyond doubt, the great attraction of the evening. The scence between the King—Henry the Fifth— and the sewing woman, drew forth repeated bursts of laughter and ap- plause. In this part of the entertainment, Mrs. Blunt showed that she is not oniy an excelleat French scholar herself, but that her power of criticising this lav} in others isalso very great. Her pronunciation of Catherine’s French was pure and genuine, while her man- ner of rendering the broken French of blythe ‘Ki Hal” drew at once a marked distinction between the good ard the bad. The appreciation of the audience was her sviticient reward. The second part of the entertainment began by the reading of a popular and strongly national song, entitled, “here is our Country?’ demonstrative of the union which ought to exist between the States, so that thereshou!d be 20 North, me Comth, no Raat. po West. This elicited loud sania and was on the ‘whoie Very favnrahly ro ceived. ‘The following is the last verse of this song, which has been composed by Mrs. Blunt herself:— ‘Where is our country! North or South! May I speak with my Southern tongue ‘To echo there is ‘‘no North, no 2 No East, no West,” but sure and stong, “One common country,” cradling us As with a mother’s song. Some selections from Goethe’s “ Faust’? followed, among which were “Scenes in the ,” “Beenes the Star Flower,” ‘‘Margarct’s Song,”’ and ‘(The Cathe- dral Scene.”’ In this the effect of the grana chorus beaptnwcrcnd x oat Leia an the fect expreasion she gave — ire, Dies ile ~ Solvet swculum in favillec, that ber classical ed and taste. Of her it may Deen touched with the fire of poetical while laboring in the laudable design of oung family in honor and independence, - to the intelligence, worth and sympathy of lently of New York. the per Letter from Hon. Mr. Tucker. 10 THE EDITOR OF THE HERALD. New York, Feb. 29, 1860. As Alderman Brady did not in any manner connect me individually with tho absurd and improbable story he told on Monday night in the Board of Aldermen, to the effect that he had been offered $2, some persons unknown, to vote for me for President of the Grow Aque- duct Department, Jam, perbaps, not called upon for any remarks on the subject. But I think it due to the public that ] should say that I believe his entire statement to be false. 1 believe and trust that Ihad no such injudicious friends among the many who interested themeelves in my confirmation. I will add, however, that Ihave no doubt the use of money, bad I allowed it, would have procured the ready sanction of the Board to the Mayor’s nomination. I was told of several attempts to levy black mail on my friends, while my name was pending before the Board. One of these was in the shape of an offer of a bet, pro- posed, as I was told, by a relative of Alderman Brady’s, of a trifling amount to be wagered against large odds to be put up by my friends. I instantly and peremptorily in’erfered, and forbade the use, in any case, of a single dollar. In revenge the bailled parties have concocted this story of an attempt upon Alderman Brasy’s official virtue, GIDEON J. TUCKER. A Silver Mine in Mississippi. Wastuncroy, Feb. 29, 1860. ‘The Macon (Miss.) Beacon states that arich silver mine has been diecovered in Noxubee county. Fire in New Orleans, New Onizass, Feb, 28, 1860, A portion of the Union cotton press, with 1,000 bales of cotton, was burned this morning. Loes $50,000, The Nova Scotia Electio Haurax, Feb. 28, 1800. Mr. Johngon, gon of the ex-Attorney General, was no- mipated to-day, against Hon. Joseph Howe, as member for Windeor, but there ig no chance of his success. ———— FINANCIAL AND COMMERCIAL. Wepngspay, Feb. 29—6 P. M. The Treasury drafts come in very slowly. The Sub-Treasurer was only advised this morning of about $140,000 drawn by the Post Office Depart- ment yesterday, and the Sub-Treasury balance keeps vp surprisingly. Partly from this cause the money market shows no change. We hear occa- sionally of some prices of long paper going below seven; and some borrowers say that they are getting money below six; but these are excep- tional cases. The rate for money on call is six; paper varies from six to seven, according to date. First class single varies from seven to eight. As usual on Wednesday, there is nothing doing in foreign exchange. Drawers express disappoint ment at the dulness of the market. Cotton is doing more in the way of paying the country’s debta than was expected. The Cunard steamer to- day took out no specie. ‘There was an active business to day on the Stock Exchange in Pacific Mail stock and in New York Central, both of which were a fraction lower. It ts stated that some of the directors of the former have been eelling out their interest, whether in conee- quence of the unfavorable prospects regarding the mail is not known. The mail money received by the Pacific Mail under the old contract with the government amounted to twenty per cent per annum on the capital stock; if no such allowance be received hereafter it will make a difference in the profits of the company. Commodore Vanderbilt has fixed the rates of passage from this side at $100, $150 and $200; if the Pacific Msil Company are equally moderate in advancing the rates from San Fran- cisco, the public will not have much ground of complaint. The next ship sails from here on 5th; then on 20th, and then on the 30th of March. Central was affected by the advices of the passage of the Pro Rata law in the House, and sold as low as 70, closing 70} bid. Hudson River was sold down to 87, closing 373 bid. The Western shares were firm. There iss very good demand for State stocks aud" good bonds; otherwise the amount of business doing isemall. In the afternoon the market was fairly active, and stocks elored steady at the following quotations:—Virginia 6's, 92§ a 93; Mia- sovri 6's, 80 a $; Canton, 17] a 18; Cumberland Coal preferred, 15} aj: Pacific Mail Steamship .92a }: New York Central, 79) a j; Brie, 8} a j; Hadsoa AAOT ¥ ant River, 374.038; Harlem, 8} a9; do. preferred, 320 Reading, 40} a 3; Michigan Central. 36 a 37; Micbi- gan Southern and Northern Indians, 74 a j; do. do. guaranteed, 16 a 3; Panama, 132. }; Mlinois Cen tral, 563 @ 573; Galena and Chicago, 56] a [; Cleve- land and Toledo, 18} a 19; Chicago and Rock Island, 623 a 3. Governor Morgan is bent on convincing the public that he is in reality as ignorant of politi- cal economy and as subservient to the Albany lobby as the most obacure of his predecessors. His message of yesterday is, If possible, even worse than the one with which he opened the session. Stripped of the verbiage in which the Governor en- velopes his reasoning, his position is simply as fol- lows:— The cana} tolls have fallen off from $3,703,999 in 1851 to $1,812,280 in 1859, while the tonnage of the Central and Erie railroads has increased from 991,000 tons in 1853 to 2,700,000 tons in 1859. This must arise from the effect of the aet of 1851, per- mitting the roads to carry freight without paying toll. Hence, if we repeal that act, the canals will again get the business and the State revenue will suffice for the expenditure. It never seems to have occurred to Governor Morgan and his friends that the transfer of traffic from the canals to the railways was due to the superior swiftness of the latter, and not in any ap- preciable meagure to the effect of the tolls removal act. That such, however, is the fact, every intelligent person is well aware. Between 1851— when the business of the canals seems to have culminated—and the present time, this coun- try has witnessed an era of unexampled com- mercial activity. The movement of merchandise westward and produce eastward has been unpre” cedented; is it'any matter of surprise that the owners of this property should have preferred to send it by rail, at a small additional cost, rather than have it spend weeks on the way in canal boats, exposed to all kinds of delays and hin- drances? Before 1851—tha® is to say, before the effects of the discovery of California gold began to be felt—the canals answered the general pur- poses ‘of traffic. But as commerce and en- terprise were stimulated to new life by the gold discoveries, canal transportation was found too slow for the age, and the railroads got the busi- ness. The tolls removal act had no more to do with the change than the coup d'état in France, which occurred about the same time. Nor willan act such as Governor Mergan now proposes—to restore tolls—effect the object he has in view. As between the railways and canals of this State, it will, of course, make no change, as it is proposed to raise the canal tolls simultaneously with the tolling of freight on the roads; the business of each con- tinue to bear the same relative Proportn ho But the effect will be to “protect” 2 of freight on the Pennsylvania and Canada canals and railways, and to drive traffic from ours to theirs. As to restoring the business of our canals, that is about as feasible as it would be to try to restore the busines of stage coaches. Thore is romething pusitively humiliating in the spectacle of a Governor of the State of New York gravely proposing to raise money to supply a de- ficiency of revenue by such methods as these. If Gentlemen, our revenue is deficient; the canals don’s produce as much as was of them, and the of the past ten years justifies me in that they never will. The Sar ay Nadia tse Sova of tem, and its inevitable effects on the canals. a ronse Warns us that aitemptes to foster the denayieg canal 4 Fy Pf B 2 54 Such a speech would have shown that the Btate which owned a Hamilton, a Gallatin, and a De Witt Clin‘ on, was not yet barren of financiers and econo- mists. But Mr. Morgan’s messages would disgrace the most ignorant Governor that was ever raised to office in the poorest and most backward State of the Union. ‘The exchanges at the Bank Clearing House this morning were $20,269,350 19, and the balances $1,042,138 60. The following shows the condition of the banks of the four leading cities of the Union, according to the latest weekly statements at hand:— ie, , Circulation. ie 1¢590,092 21,367,100 X-York, Feb 25.s121536 290 sOTisias “TGs on ; if x Botton, Fe 25." 29.828 000 4713000 saree Nad. 25553,.9'8 (4708108 2.653 192 N. Cris., Feb, 13 25,.00.953 12,894.52) 13459,189 Total... 831,110 43.088,524 30,45! cl Previous ey 42,608,459 Pan i ishaoant Tooresse. — $480,065 16,954 Decrease $197,912 = - ose The directors of the Danbury and Norwalk Rail- road have declared the usual dividend of 3 per cent, and in addition have declared a stock dividend out of the surplus earnings of 10 per cent, both payable March 10. The following is Neill Brothers’ statement of the movements of cotton for the past week, and since 1st September last, compared with the five pre- ceding years:— ——— Recaiprs ——, —Exvorts ror Past Weex—, Week. Since Sept 1. Gr. Brit. Fr. OEP. 1859-€).. 152,(00 3,437,000 75,000 19,000 19,000 1868-9... 113,000 2,865,000 65,000 1,000 19,000 1,879,000 67,000 12,000 9,000 000 79,000 16,000 27,000 43,000 23,000 21,000 48,000 16,000 8,000 Exports Sinck SkPTEMBER 1.——, nce Oth. FP. Total. Stack. ,000 282,000 2,068,000 1,121 ,000 273,000 1,493,000 987,000 161,000 1,083,000 715,000 203,000 1,187,000 695,000 276,000 1,515,c00 628,000 139,000 1,118,000 398,000 Thus the receipts show an inerease of 572,000 over those of last year, and an increase of 1,558,000 over 1857-8; and the exports exhibit the following results:— Comp’d Gr. Bri. France. Oth. FP. Total. Stock. with Inc. Is Inc. Dec. dnc, Inc. Last year 638,000 79,000 is oa 675,000 134,000 inc. 1851-8,. 739,000 156,000 61,000 $75,000 406,000 Stock Exchange. Wroxespay, Feb. 29, 1860, $5000 N Carolina Gs. 96 100sheNYOenRRsi0 70 2000 Miesonri 6's... 80% 100 do....,.b4 70% 1600 NY Cen RR 7% 1003, 250 —do......b30 703g 6000 Erie 2d mtg bis 92" 760 — do......810 70% 150 do.....080 703 80 300 100 200 300 700 ; 80 160 50 150 500 150 New Jersey RR... 40 Del, L& WRR,. s Receipts and Dishursements at the Ofiice of the Assistant Treasurer at New York br February 1 during By receipts during the Balance... By receipts for customs in Feb., 1860. By receipts for customs in Feb., 1859, for Assay Office, in coins Cr. t By coin ree’d during the month, $1,449,304 76 bebeb vesbobaes 789 33 By fine bars,.... 862,789 ae To payments in coin. ... ‘To payments in ‘Total. Total a in bars. Do. a coins Gold bars, United gold fine bars, th of February. bul mw, States bullion (contained in ‘Transmitted to United Biaies mint, Phiiadel- phia, for coinage. €ITY COMMERCIAL REPORT. ‘Weprespay, Feb. 29—6 P. M. ++ $4,060,001 69 17,100,787 48 seseeeseeesesenaees $13,160,880 02 264,057 08 Business ef the United States Assay Office, New York, for the M ee Diatae bel Gee ae ait L Pearls at 5i¢c. a 5340. Saasporses. Flour-—ther @ was less activity in the de- mand for State and were without important chan; about 8,000 bbis., closing ‘Western and Canadian, and 46c. 2 4630. Corrre —The market was quite bags Rio at 12%c. a 18. The stock of 1800, was:—Rio, 11,497 bags; Maracaibo, Jen, 3,168 bag; ‘Costa Rica 100 begs: J ; 801 mats: Singapore, ‘bags; 1,522 mats. Total, 16, 904 bage; 83,828 mate. Corrox.—The sales embraced about 1,300 ‘Western brands, while the following range easaesacce firm, , 1 ‘, 60 bag bales. SSaLSSSRSE 2 quotations ‘The sales embraced /- market was tame and closed on the basis of the following quotations: i WN. 0. @ Texas. nx ” 3 ist'borts were’ frm, and to sive ship room was reduced. 400 bales of cotton were engaged at 14d. to 932d. for compressed and uncompressed; 40 tlerces rice, at 3¢s. ; 300 bbis. pork at 3s.; 300 bbls lard, at 368. To London, 60 tieroes rice, nt 30s. .; and 50 boxes bacon at 368.; 100 tlerces beef at 6s. Yeeterday and to.day 900 bdris. spirits of turpentine have been taken at 6s. 6d. To Bremen, 400 a 500 bales and uncom: compressed cotton at 3{c. a 7(c.; and 100 cases tobaceo at 27s. 6d. The hip Plan‘er was chartered to load with cotton at New Orieans for Liverpool, at 9-164. Fish more firm, and dry cod was in fair demand, with bales at $3.75 a $4, prices were firm. Sales of No. 1’s were in lots $16 75a$17. Nos. 2.and 3 were scarce and nominal. Hay.—Sales of 300 2 400 bales (shipping) were made at $1. JRO? within a day or two, of 800 a 900 bbls. common Lup was steady at $1 25. Provisions.—Pork—The market was heavy with a ten- dency towards lower prices, with sales of 700 a 800 bbis., inclu jing new mees al old prime at $12 6234 mess at $1787. ‘unchanged, ww sales of 600 bbis., including country mees at $5 25 50. $11 25a $12 Beef wat steady and prices Mackerel were in light supply, and ab .—Scotch pig was firma, with moderate sales at full prices. linr.—The market for Rockland was firm, with es at 8 25 a $18 37, old do. at $1837, d new at $1475, and new this Repacked Wesvern at $9 75, and extra do. at 50. Prime mess ranged from $16 a $19. Cat meats were dull, and sales made of 175 bbis., at 7340. 8 Tic. for shoulders and 9%¢. a 9c. for hams. Bacon was firm and the demand moderate. Lard was duil, with faler of 300 a 400 bbls. at 1ic.a11%c. Buter and cheese are without change of moment in prices. Rick —The market was firm, with sales of 200 tiorces, at 430. adic, The stock March 1, 1350, was 6,296 cagke; 1860, 6,482 casks. SkEp.—Clover was selling moderately, at 8c. a 8%c. Timotby was in better request, with moderate sales. Cal- cutta linseed was firmly held. A sale of 1,700 bags was made at Boston, to arrive, por Granada, at'$1 6130. Scars were in fair demand, and without change of moment in prices. The sales embraced about 850 hhds. Cuba mugcovado, at 635c. a7c. for retining gradez, and To, a 7c. for grocery grades. The stock of sugar 1, was a8 follows:— ry ASE “MABITIM E INTELLIGENCE. A ALMANAG FOR NEW YORE—THIS DAY. surs. Smiles | mon waren. Port of New York, February 29, 1860. 1860, 10,999 880 22,818 secs 242 4474 ee quiet, with moderate sales, at Bie CLEARED. ema Borussia (Ham), Trautman, Hamburg—K unhardt s Charleston—Spefford, ' Pi rg James Adger, Adams, ‘THes- Fle ag Reanoke, Couch, Norfolk, 4e—Ludlam & Heme- Bork Fe ne 3 Fe gs HEREEE Hy the thy hip Kathay, Stoddard, London—| Bark Merda’s Vineyare, Weer G Thumeléa yt Sark Wm W Consttery & Co Had bea KS before. ), Meyer. treme! Vere Grna—Fargous & Oe. ison, Cardenas and after aad modecace Wea: E Morgan & Wiley, Lasgo —| jham € Dimon. o—d HM Freriehe & Oo. ARRIVED. Steamship ire City, MeGowan, New Orleans, Feb 20, via Bi Ba, mae Sides minyans fess Eo rcees boa: Ship Ms oO ntwerp, araceie.to Geo Bulkley. In Ai ence boule domaned 0 Says to Gt: Wind pk banner any P Munewsora, arrived at Charleston. from, ported by telegraph to bave tech sobeca tek colt ae ‘s T145—A. telegraph dated Boston, cee AE alee BiB AM to day. bined at Belem Feb 28 inkl Rb tora en. tt the galley’ 't bow, Sites edie ate ie! AEE le in ap ex with such vi ‘and break down the main deck and Scrn Moses WARING, Crowell, hence at ports 27th at 8 PM, got ashore on Peaked Pirat 24M 20th, ater throwiog overboard fustic, ‘The vessel sustained no damage. all woodw: E i B iP Re by + for Ls be sizemabp Nove Beotin, from Portldhd for Liverpool, Feb Bhio in, from NOrleans for Liverpool, Feb &, lat 24, Am bark ruvni main ibe hoe siraal, borieead oe ane a eerie vemes Gray, from Schr Otter Bock. 14 4 Coating for Ne Feb Ba forfole, Web Hy from haa been blown 0 the southward of A vr nding Gries, Thompson, NYork. Al ‘tess ship Daniel ‘Webster, Wilsoa, Havana; Drig’ A Annapolis, Fickett, ehtd to pro- Iron for Balt'more. oh ane -O8 vam eee ae, Metee Loando. A gira Feb 12—Arr ship Jeremiah Thompson, Blak-, rt Loanvo, Dec lb—Arr bark Lusy Johnson, J Ntonde “canna, + bark Lusy Johnson, Johnson, Snzsang, 'WCA, about Jan 1—Arr brig Executive, Lee, Har "Gr Tomas, Feb 1—Arr schr Trivmoh, . NYork. 83d 6th for Gravada); sth brig A Dunbar. Buck. Tinie, aly, Tih, echr Fred Winchester. Martinkjoe, with parteart) Bld 34, schr Ada Frances, Keen, guano talaad; Bis, brig pia, 1rd, Carthagenn to ioad for = Tork, 110, Feb 17-1 brig. Pavatiia, for Onana to for Nir tbout 2h; ecbr bay ‘budbok, Lavender, for NYork "i ieee Ports. e nel Rocheie i FAimaeloie’B Fountain Raber asd Yolen arnew Bich, Wilming- 1g. Baltimore; nab ant g Rs G ity Pot: JW, Faulklin. NYork; Ann Caro- Hine (of this port, Iste of NYork), Bacon. Gioucenter, to load for NYork. ‘Sid. wind WW to NF, ship Richmond: bark ltaeea, ‘and both mchored in the Roads! > oo BLUFF POINT. Va, Feb 24—Arr schr N H Hail, Lord, Nor- Oe RteeTON Feb toy ved shtps Noemie, Johnson, CI '. Fel Arr (by tet) fol and Minnesota, Desbon. Liverpool (the Iai ving been aground. but withowt damage) ‘ ae CASTINE, Feb 4—arr Ke _— a wee AB, Fe scbr Eaglet, Kellar, sid Br’ CESTER. Feb 98—Arr scbra Dashaway, Littlefield, Tappa: PansgnagPo™ manosnieen Dever, Row: [AMPTON ROADS, Feb 2%—Arr Aus brig Maria, Maro. MOBILE, Feb BC tind ore ie bf Liverpoo!; DI [ay awe, H CL Preble, Maxwell Galv isriba Rideout, Morse, AB Boo Badger, Queenstown and a mkt; ra «Moras. aad Bragdon, shes URN ES tr Ashby, Sabine, Below, Bar echre TW Gamege TCC Re Mar; Citfton, - Boia che fread rae Wine ™ owed 12 20a 16uh lon, shipe Miseourl and Cerro Gordo; 1mh, RORFOLE het go—Arr (by tel) Austrian ke ri, Pers DEW PORT Fees. & AM—In port brige Waccamaw, Nick- els, for Portland: Civilian, Pizarro, aud Ligco'n, for NYork, all wig wind; G E Pressctt, Pendieton, from Provie Maggie Beli. Gilkey. do for Norfolk; Albert Jameson, Jame: eon, ¢o for NYork; BP O} » Cunningham. do for "iieran. dria; Rdw Wootien, Dibble, Fiizabethoort (or Wareham: Har. bipger, Gulliver Portland for N York; Brazil, Hawes, Fall River for do; sloop Belen Rabosek. do for do and others, 2%b 12M—In port (by tel. suppored in addition to the above) sebra Jno R Pasten, Haskell, from Pordand for NYorks BG Willard, Parsons, from do for Balthnore; Luther Child, Kelly, from W alexand from Alexsnder, ) Morrts, Hoover Bran- dywine: Judge Runyon, NBrunswick; Frankiin, Amboy: @. Columbus, NYork. a stenmor Valley City, 3 echr Reed. do; sloop Warren. do. eee FRILAY ELPHIA. Feb, 20--Are brig T Waller, Hioth; ochre A tenet Was, A Rua Cau i ‘. Fly, + 6 Charleston: sehrs Fy, oro ‘NYork; Fanny, 4 bark Young, Oarde- do: 7 Bgewrzer, Bradley" NYork; J Busling, Havens, NYork , sloop do. ECONOMY. Pot irr steamadin ¥. on, Parish, —a schr Perina, Allen, eb x . WilMIn cron aa, Feb %—Arr Owseady ack ie one eine Ee dethport. 814 28th, in ee for Sabine,