The New York Herald Newspaper, November 22, 1860, Page 7

6 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. TERMS, cash tn advance. Mon Wk of the vender, None but be THE DAILY HERALD THE WEEKLY UFR ALD THE Wor MONDENCE. conti - by Seat thaw be caik {Gow ForaiGs Counesron: rer] qumerey fo Saat ald Larrans taken of anomymous correspondence, ceil comanuendeitions TISEMENTS renmoed seery day: atoortioemants 4m > the Weeetr Hewarp, Pamir Hanae, ard in che mia and European Editions PRINTING executed with neatness, cheapness anc de- NIBLO'C GARDEN, Brosdway.—Lovisa ox Lignanois— Bos Mix WINTER GABDEN, Broadway.—Hssar VilL—Agu Tostr. ‘WHEY THEA’ —Braua & Booeas BO’ x ‘TRE, Bowery.—Srats:) WALLACK’S THRATER, Broadway.—Piarisa Wits LAUBA KEENE’R THEATRE, No, 634 Browtyay.—Par 20 amp Faxcr—Toon.ss 4 Farusn, | NW BOWRKY THEATRE. Bowery ~—Tux Soarror ap vam Tuzose—Povg Loreas—Davits Oss WS AMRRIUAN MUSEUM, Bronaway, lay and peur astas Cuumpeas—Livunas Ousiosirums, £o— Roo Bunce BRYANTS' MINSTREL, Mechanics’ Hal. 473 Broadway.~ Boacesgues, Soacs, Dances Ac —Usan tir. HOOLEY & CAMPBELL’S MINSTRELS, Biblo's Salooa, Broadway —Brwvortas Bones, Daxcas, Boaiesues, &.— Love's Disauisms CANTERBURY MUSIC HALL, 663 Broadway.~ So Vascms, Bypiiasqres, Av, . LIBRARY HL Brutwrian Sonar, lonp's Mresrn: bo. — LACE ner 2: 1668. | The News. The banks of this city have come forward at last with a practical plan for the relicf of the mercan tile community and the removal of the present dead look in business. The arrangement consummated last evening amounts practically to a consclidation | So of all the city banks into one corporation, with one | — specie fand, and thus enables each bank todiscount | liberally to ite dealers withoat fear of being | broken by its rivals. For the details of the arrangoment we must refer to to "s money article; in the meantime, we may say that the news of the consummation of the scheme was | received with great delight by merchants, aud | led to an immediate advance of cent on the Stock Exchange. The com trusted with the outlay of $2,500,000 in pro luce exchange purchased about £40,000 worth yester day, though this is not a packet day. The telegraph announces the suspension of specie payments by the banks of Richmond and Petersburg, Va. The Baltimore banks have agreed to suspend specie payments to-day The administration has received official informa tion from Kansas that five hundred mon, under the notorious border ruffian Montgomery, have d together to resist the United States auth The party have declured their intention to seize the public property, and march into Arkansas and Texas and free the slaves in those States. The War Department bas despatched orders to General Harney to put a summary stop to this projected } abolition foray, and, as be has four companies of dragoons ander his command, he will no doubt make sbort work in disposing of them. ) The steamship Palestine arrived at Portland yes | terday afternoon, with Puropean advices to th | inst., one day later than those received by the | Glasgow. The news is interesting. King Victor Emanuel, in company with Gari- baldi, entered Naples om the morning of tl inst. They proceeded directly to the Oat and from thence to the royal palace, where crea festivities took place. No new movement ¢ troops is reported. Prince Alfred arrived at Viymouth on th ing of the 9th. The Prince of Wales had not ar rived, but two vessels supposed to be the Herc Ariadne were seen off Port on the ni 8th There was a report in Londor peace Lad been concluded betwe the Chinese at Tien-taia. Our telegraphic summary of the finaacial is very brief, Consols had improved a while American railroad securities had aga’ clined considerably. The monthiy stat the Bank of France shows a decrease in over twenty-five millions of frases. In the Liverpool markets cotton had advanced one-eighth to one-quarter ef a peony on the mid dling qualities, closing with a | a market, wi broadstaffa were without mater ch By the arrival of the bark | «4, October 27, we learn that thy pace © quiet and trade was going op with th viaces, as the federalists had been route t neighborhood of Truxillo and Merida by Geu. As. | crade. In the battle all the federal chiefs were taken prisoners. Coffee was scarce, and prices going up. The crop was all in, and no more sup could be expected befure the end of January ne Hides were also very scarce. The civil war in New Granada bas prevented the usual arriva this article. An adjourned meeting of a number of citizens was beid last ever way, to hear the report of « spe pointed to devise some means c litical excitement which at 203 per} uittee en- gt that a treaty of we A present throughout the country. Mr. Depeyster Ogden pre prevails sided. A majority of the committee reported that after careful deliberation, they deemed it ine. ped ent at the present time to take any steps in the matter, After some discussion the report accepted, and the meeting broke up. The Tammany Hall primary electiots fe rates to nominating conventions for city oficers were held last evening. The result in the various districts may be ascertained on reterence to the advertising columps | ‘The republican conventions for the nowinat'v of candidates to represent the Aldermanic « having odd namerical designations were deie evening. Annexed are the names of the 1 mominated:— dna. Dut | No somiaation. Olena Lay wa } 8—George ©. Byrne. 16—Joha A Al ce | 5—No nomination 15—Williae Lee | 7 George Briggs. 17—Wiliiaw Dunolrg | The special committee of discovery of deposits met again yesterday, and howe, doing nothing. The chairman , teen idle in bis endeavors to prove bin ©{ ection and perseverance where bis « ty « din qnestion, and through their cour Hen | itt ' Weriel EB. Sickles, the committee bave Oyj -<4 | is given in anether column. jae semuch NEW YORK HERALD, THURSDAY. NOVEMBER 22, 1860.—TRIPLE SHEET, to Juetioe Ingrabam, of the Bupreme Cocrt, for sp atta ent against the still recusant City Chamberlain tc compel him to testify before the committee, The necessary documents, setting forth the points of application, will be laid before the Jadge to-day, and an immediate decision given, 7 dge's decision, the committee stand welve o'clock to-day. T rd of Education met last evening and acted busigess. A report of the proceedings At the meeting of the Fmigration Commissioners csterduy it was agreed to remit the naual penalty for the landing of thirteen emigrants at Castle o, Ca being informed that the captain of the nip Rarvey Birch, in which they came hore, was not aware of the violation of any State law in allowing them to laud. On the recommenda- tion of the Commissioners of Charities and Correction, it was agreed to appoint Dr. Hedgeman, the Physician of the City Prison, to discharge the duties for the Commission- ers of Emigration at that institution, instead of Cager, deceased. The question of the amount of salary to be paid him was referred to the Castie Garden Committee, The number of emigrants landed here last week was 0,26%—making the num: ber since January 1, 96 The commutation balance now ia $12,829 39. The trial of William Malligan, charged with at- tempting to shoot policeman Oliver, was concluded yesterday in the Court of Oyer and Terminer, and the jury, after deliberating three-quarters of an c retorned with a verdict of guilty. Sentence tponed till Saturday, to give the prisoner's ei time ty act in any manner they may please in regard to the case. A regular meeting of the New York Carpenters’ Unicu was held at eight o'clock last evening, at Ccavention Hall, 179 Wooster street. There were abont one hundred members present The only on of any importance that came up for dis- cnasion was the propriety of clecting an anthorized eal estate agent to act with the Union in ascertaining the strength, capacity and durability of all crew buildings erected inthe city, for the benefit of p ing to become temants, and to open an o} correct and valuable in- i to all purchasers of real They decm this unsound bu members o is will be a protective measure for well as for the pub'ic. stery of the Kolyer murder has moderate te not yet heen cleared up. Yesterday quest was re- sumed, when the suspected p i Lam- bert, was subjected to a long ie xamina- ited to Gx the and the inquest was further adjourned t. from our correspondent at Fort w Mexico, gives an interesting cunt of the march of United Btates troops from ap | oyd, Utah, to that post, and of scenes and incidents on the route. Information received from Si a by ovr correspondent states that tle ramorcf @ battle fonght at Hermosilla was a rase of Gen, Pesquiera, who had been deserted by most of Sonora had declared for its former dara, who, at Jast accounts, was at ty of Ures, with s force of two thousand men. r column will be found an interesting Grticle regarding the Southern States, showing their area in square miles and in acres, with their population, productions, their exports and importa, the number and tonnage of vessels, American and foreign, and the number of sailors employed by those States in the transportation of their produce. These statistics are given for each State separately, dividing the cotton States from the Northern border Southern States. The cotton States alone, it scems by the United States reports cf commerce and navigation in 1858, employed 1,579 vessels, embracing 1,070,000 tons, manned by 31,004 sallors. And, taking both cotton and border State ports together, the vessels cleared in that year embraced a total of American and foreign vessels of 2,626, of a united tonnage of 1,260,798, manned by 07,427 sailors. The statistical facts em- braced in the article give a bird's eye view of the physical and material condition of the cotton and border States of the South, compiled from official documents, and which cannot fail to be read with ; interest. The cattle market ruled dull and heavy yester- day, under large recoipta, and prices have declined abc. per pound, chiefly on the poorer grades. Milch cows were in fair request, and the market was firm at our previous quotations. Veal calves wore steady at unchanged prices. Sheep bnd lambs were dull and somewhat lower. Swine were in large supply, and prices declined to 5c. a Sic. for still fed, and 5jc. to 6c. for corn fed. The re- ceipts at ailthe yards for the week were as fol- lows: 4,042 beef cattle, 129 cows, 618 veals, 10,602 sheep and lambs, and 1,109 swine. waa almo-t accmplete euspension in the salve of articles of produce yesterday, while prices were pressed or irregular and lower. Cotton was not moved beyond the spies of a few hundred bales, in lots, to sptomers With go little doing, it was impowibie © reliable quotations. Flour, if possible, was duller (ban cotton, Buyers for export were nom ext, arf seperice Stave and Western sold down to $4 708 $4 95. nnd ctra State down to $6 por bbl. Wheat wasal- mom cagalcabie, and only evected to @ moderate extent reegelar avd lower prices. Corn wae also heavy and lower, aad soli down t Gie. @ 650. for Wowtern mixed, and tw 6c. for Southern yellow. beavy, and eale® limited at $10 a 616 00 for prime was nominal At $10 60. Sogars, like articles, were at s stand still, with eales o'y 126 a 154 bhds. Cabs. Coftce was qoict and nom! Proght engagements vore restricted, while rater ¢ sbovt the same, especially for wheat to Liverpoc!. + «mong merchants yesterday varied regard. rreect cf the Danke, Some per. oe oh ae & doubtfel measure, and a. t might prettatly produce Jc whos tholr external seme te om loretic eatitations as abrosd, were coral ner proposition to erpa << tbels ‘oars to the extent reported wae regarded aot ghty approved of their oore acd prove b ghiy bone@- to bbe com morelal Latereate of the city. The Present Southerm Kevolutionary Agitation =—The Canses and the Remecy. tle ‘we are 'n the midst of a revolu t republican cotemporaries will ve that there is any anger, in- *y can discover no cause for it, no sense In it, and no satisfactory evidences that the people, even of South Carolian, desire the experiment of a Southern republic. The New York 7 ¢ tolle us that the trouble which See fallen opon Wall street is a purely political ond that ite sole object is to cripple the wbiloan party. The Chevalier Webb, of the opting this idea, charges the fall of socks tc a conspiracy of the proslavery Wall | street banks; end the Reverend Thurlow Weed cee that this disunion excitement, eape- ly smong the people of South lina, ‘is cot because they are wronged, or that wrong is apprehended, but It ts the ontbreak of premeditated treason.” nch Simsy absurdities as there, such rid!- sjous arguments and explanations, are the best excuses which the organs of the republi- cat party bave to offer their readers upen the They cannot comprebend bow it ts ‘Tlenest Abe Li , ¢ United States ederal const! 1 inte a saffctent provocation, eres to South Carolina, for the dissolution of the Union. Upon this point we sball berein undertake to evlighten our innocent and ignorant expounders of republican principles. The election of Abrabam Linooin is of itself & secondary consideration among the people of the South. The great cause of their apprehen sion is the powerfal and atill increasing sec- tional and aggressive anti¢lavery movement at bie backs. Let us look at ita moment. Sone thirty years ogo the first abolition newspaper, the Journal of Commerce, was set up in this city. Shortly thereatter Wm. Lloyd Garrison, who had started 8 co-operative abolition movement in Boston, was dragged from a Hitle anti-slavery meeting by e mob, incensed at this sort of poli tical ‘agitation, and only escaped lynching by being burried off, under the protection of the officers of the law, to the refuge of thecity jal. This was seme thirty years ago, when the people of Virginia were seriously debating -| among themselves the question of gradual emancipation. But what bas followed? How stands this matter now! A President of the United States bas just been elected by the anti-slavery party of the North, 8 party pledged not only to put a stop to the extension of slavery, but boasting that “the election of Lincoln will be the down- fall of slavery.” The candidate of this party is not only elected President by a Northern vote: comprebendiog, perhaps, every Northern State, but by euch overwhelming popular majorities aa to give to this election the form of on irre siatible Northern crusade against the peculiar and vital fuatitutions of the South, Our brethren of the South, taking these election ro- sults in connection with the declared objects and purposes of the republican party, and the viclent abolition campaign speeches of W. H. Seward, Senators Wilson, Sumner, and the re- publican orstors generally, snd with the shadow of John Brown in the foreground, discover that Southern society, life and pro- perty are in danger; and hence this prevailing Southern disunion excitement. Southern men say to each other: We are no longer seoure within the (nion—is it not better, st all hazards, to leave it’ Look at Lixcoln’s tremendous satialavery majorities. | Mark how the antislavery North has grown over us and overshadowed us since the admis- sion of California. Before that act of admission we stocd fifteen Southern to fiftesn Northern States. Now there are eighteen Northern States against our fifteen, and with every prospect, should the South quietly submit to take things as they may come, of the addi- tion of half a doven new free States to the Union, before the end of Lincoln's “Honest Abe Lincoln” and Hts Henchman, Semator Trumbull, om she Crisis. Our readere this morning will have digested the proceedings which we published yesterday, at the republican jubilee lately held at Spring field, Minois, the home of the President elect, end they will have studied carefully the re- ported speeches on the cocasion of “Honest Abe Lincoln” and bis right hand man, Senator Trumbull, of the same State. We, too, have looked into these epeeches, and we are free to confess that, to the best of our spprebension, they signify nothing. What are the surroundings of Mr. Lincoln at Spripgfelat One would suppose bim to be out off entirely from all access to any information, and from all knowledge of the Southern revo- lutionary movements of the day; or that he is 80 completely under the contro! of his party advisers that he dare not speak; or that he feels bimeelf unequal to the crisis, and is afraid to epeak; or that at this time he deems it most prudent to withhold his opinions and purposes on this great question of Union or disunion from the public. Lock at this case from any polat of view whatever, and we can find no excuse for the course of Mr. Lincoln. He stands in the ‘presence of thou- eands of American citizens, assembled at the place of his residence to congratulate him on his election to the responsible office of President of the United States. He appears before them. They expect a speech appropriate to the occasion and the crisis. His election has precipitated the Southern States into a revolu- tionary excitement which threatens to destroy the Union, and to throw all our commercial, financial and industrial interests into che chaos of @ sweeping political convulsion. He must know this, or something of it; and he must know (bat our commercial and financtal classes are already suffering from the pressure of a panic, the probable extent, duration and disus- ters of which we all shrink from contemplating. But, notwithstanding this fearful condition of things, and the fact tbat ali men of all parties end all sections throughout the country’ are waiting anxiously for some words of peace, conciliation and harmony from Mr. Lincoln, he turns bis back upon the crisis and the country, and hua pothing to say. His epeech on the occasion, which he could and sbould have made 4 great occasion, amounts to nothing. He thanks his friends— he rejoices with them—and he is generously inclined towerds his adversaries, “Let us,” he cays, “at all times remember that all American citizens are brothers of a common country, and should dwell together in the bonds of fraternal feeling.” This is good, but still, as touching the necessities of this administration. These new States, organized under republican auspices, will be of the anti- slavery type of Kansas. The census of 1560 will next reduce the representation of the South in Congress and increase the representa- tion of the North; for during the last ten years the mighty popular accessions to the North from European immigrations have built up powerful States where only Indians, trappers and wild beasts had flourished before. Nor fs this all. The republican party have, in the most solemn forms, admonished us of the South that there shall be no more slave Territories and no more elave States; that the Supreme Court shall be reorganized on the side of freedom; tlat the freedom of speech shail be established In the South as it existe in the North, and that slavery shall be circled by fire, till, like a scorpion, it shall sting itself to death. Thus we see in the fiiture a free course to abolition emissaries among our Southern plantations, and to the Helpers snd Jobn Browns, who are now excluded by the defen- sive arrangements, pains and penalties of the Southern States, If the South, and especially the cotton States—where our elaves form so large a proportion of our population as to be only safe under our own absolute supervision— if the cotton States consent, under this state of things, longer to submit to the Union, they will invite the day of destruction. The conservative people of the border slave States appreciate this statement of the case on crisis, it amonnte to nothing. The same senti- ment is spread all over the speeches of W. H. Seward. Even his Rochester “ irrepressible conflict” speech against “the curse of slavery,” the “slave power” and the “slave oligarchy,” is full of “ fraternal feeling."’ How differently & Washington, s Jefferson, or a Jackson, would have appropriated this occasion at Springfield, placed in the position of Mr. Lincoln. We are astonished that be did not seize the opportunity to make a speech to the whole extent of his abilities, bis patriotism and his approaching official reeponsibilities, in behalf of the Union. But there is the speech of Senator Trumbull. He is t the confidence of Mr. Lincoln, and spoke, perhaps, by authority. Is not Trum- bull’s a conservative speech! Asa republican partisan speech it is; but upon the main point he preaches that terrible alternative of whip- ping a seceding State back into the Union. Will pot such an experiment unite the whole South in arms against the federal government? And what then! The anarchy of Mexico. What else! Away with this incompetent man Trumbull. We cannot believe that he peaks for “Honest Abe Lincoln.” No. ‘Mr. Lincoln bae spoken for himself, and Trumbull has spoken only for Trumbull. His opinions are no better than those of Seward to go by as the views of Mr. Lincoln, until they are pointedly endorsed by Lincoln. We want another trial from “Honest Old Abe.” This the part of South Carolina and her disunion al- lies. But Virginia eays there may be a remedy for all these grievances and apprehensions of which you complain. The constitution of our fathers: aa interpreted by the republican party, will, we admit, no longer protect us of the South. Bat may we not secure from: the sober second thought of the North a new and satisfactory compromise in the shape of a national conven- tion and a revision of the federa! constitution? And this is the issue: o dissolution of this great confederacy, or a reconstruction of the federal government—a viclent disruption, or a peaceable reconstruction of the very founda- tions of the Union. The good old Commonwealth of Virginia is leading off ia behalf of the preservation of the Union. If sbe can arrest the contemplated se- cession in South Carolina, and bring her to con” sent to another effort for the Union, the Union may be saved. Meantime, as the views of the President fn power on this secession question are beginning to be understood, as it is known that bis opinions on the subject are pretty much those of Old Hickory, there {s no longer a shadow of excuse for this foolish silence on the part of the President elect. We must, therefore, persist in our appeal to “ Honest Abe Lincoln” to speak out on this disunion question to the American people. His late paltry unmeaning excuse of a apeech at Spring field, was wholly unworthy the occasion, the crisie, and Mr. Lincoln, whether aa President elect, or as an bonest man. Wonrs, Worns, Woros.—We are receiving every day telegraphic despatches, and pretty ex- pensive ones, too, from Springfield, Ilincie, the home of “Old Abe,” but they mean nothing but } words, words, words. What we want to know from that quarter is who Mr. Lincoln is going to put in his Cabinet—whether he is going to give Galusbs A. Grow, or Corsius M. Clay, or Sumner, or Seward, or any other endorser of Helper’s book, a place among his confidential advisers; because if he is, then we will know exactly what he means. But his speeches, which are only apologies for not making a speech, bis assurance that we are all brothers of common country, and his {ll-timed jokes about the trouble in the South, congratulating himeelf that be is not yet “in the ring,”’ and so forth, amoiint to nothing. Even the speech of | Mr. Trumbull, though ft may be fair and plau- sible enough, is not the kind of thing we want. if Mr. Linceln would only inform us who he intends to select for bis Cabinet it would be | more setisfactory than all the speeches either Le or his friends could make for the neat six pent Springfield jubilee speech is euch a miserable thing that we are all ashamed of it If the foreman of a visiting fire company, on his recep- | tion by any one of our New York fire compa nies, should make, on the first trial, no better than this “fraternal” affair of “Old Abe's,” be would be compelled to try it again. We all remember that Mr. Lincoln, before hie nomination, was coo'lered so great asa public speaker by “'» party that he could almost anywhere command of them a hundred dollars 6 epeech, and that this price was freely paid him. How is it, then, that, as President elect, his first effort in defining his position is not worth two cents! For bis own sake—for the sake of his position, his responsibilities, the crisis which bis election has brought upon us, and for the sake of the Union—we respectfully ask him to speak out fully, frankly and freely to the American people. Dignity, dignity! It is an indignity to the people, this standing back upon his dignity. Tae Ceanten Exxcriov—Tux Revrtans at Wonrs.—There is o great deal of fuse and tur- moil about the charter election going on just new among the trading politicians, ganrblers, shoulder hitters, grog sellers, and all that por tien of the governing classes who are not in the State prison, but nobody else appears to be taking eny trouble about it It seems pretty evident now that respectable citizens, property ownere ond taxpayers will give themselves no care whatever about the election, but that the vagabond crew of gamblers and shoulder hit- ters attached to Tammany, Mozart and the re- publican party, who hare slways attended to the matter before, will have it all their own way. This clase of individuals belonging to the three factions have long ago lost every par- platform, as far as dishonesty and rascality are concerned; yet, strange to say, they are going to be permitted once more to control the Gnances and destinies of this great metropolis. ‘There are some ten or twelve thousand fel- lows In this community, comisting of its very worst classes, such as gamblers, Ddlacklegs, shoulder bitters, grog sellers, keepers of houses of prostitution, thieves and loafers, who make politics 6 regular business, who do nothing from ene end of the year to the other—that is, when they are out of the State prison or the penitentiary—but attend to making nomina- tions, electing candidates and pilfering the treasury. This is their regular line of business, ond they are indefatigable at It; their pastimes are brenking each other's heads, gouging ont eyes, biting of noses and other civilized recre- ations of that Mind. These are the men who ticle of confidence from the decent portion of | the community, and they all etand on the same | a” A trent renee are to elect and be elected at the charter eleo | eapute bea not yot lost its faith in operatic tion; the respectable part of the community, who live honestly and peaceably, aad pay ten or fifteen millioas a year in taxes, will Lave nothing st all to gay to the business. They will pot move band or foot to save the city from the thra'dom of these ruffians, and we have no doubt that the men elected on all the tickets will be the greatest rascals in the whole ten or twelve thousand. Victor Emanuel in Naples—The Future of the New Italtam Momarchy. We learn by the arrival yesterday of the Palestine at Portland, that Victor Emanuel en- tered the city of Naples on the 7th inst, and was enthusiastically received by the people. It is refreshing, in the midst of the thrilling scenes which are being enacted in Italy, to turn for s moment aside and glance at the probable future of that coun- try, in whose cause the blood of 60 many of her sons is being ehed on the field of battle. It is & melancholy spectacle te see Italians arrayed against Italians in the fatal conflict which the eyes of the world are watching so anxiously, and it is painful to remember that domestic calamities are inseparable from imperial trage- dies. But it is almost idle to reflect upon the past and weigh too strictly the present revolu- tionary disasters against the glorious results which are to follow; for the new Italian mo- narchy, conceived in etrife, will flourish in peace, and rise up with a stately growth which in grewtness and grandeur will be unparalleled in European history. To its shores commerce will direct the helm, and over its wide sweep of territory. from the Alps to the Adriatic, a network ef railways will bear testimony to the exietence of a national life among its people; tor have they not been hitherto suak in the slough of despond for the waxt of that national \ife which is to open to theic view the gates of enterprise! There is no doubt our own trade with Italy will experience an im- mense increase under the new order of things. Ttaly will send us her wices and other such luxuries, for which she will here find a good market, and in return she will reciprocate by opening new avenues ef commerce with us. A dim idea of her prospective greatness ap- pears now to be dawning upon the mind of Louis Napoleon, and he views with any but feelings of satisfaction the expansion of that cloud in the Italian sky which, at first ne big ger than a man’s hand, is now the harbinger of the last atorm of Italian revolution preceding (he long and sunny calm which awaits her, and which is to be the witness of the most glorious era in her history. Napoleon little anticipated at the commencement of this campaiga the re- sults which are now being gradually de- veloped. In other words, he never expected to see the formation of so great an empire, which threatens hereafter to act as a counter- poise to bis own power—to the power of France—while tending to undermine the Na. poleoaic dynasty. The cry in France may then be, “Have we « Bonaparte among ust’ just as the cry now in the Two Sicilies is, “Have we s Bourbon among us!’ These last remarks have been sug- gested to us by the conduct of the French Admiral at Gaeta, in preventing the bom bardment of that fortress by sea, uader the pretence of protecting the flight of the ex-King, and preventing his suffering the indignity of surrendering to his own subjects. This inter- ference, however, was clearly intervention on the part of France, and as such was in viola tion of ber neutrality. But do what Napoleon may, be cannot now stay the tide which is bear- ing despotism to perdition, and inaugurating o new era in Italy, The cause is with the righteous, and right is might. We have seen it illustrated in nearly every battle between the royalist and patriot troops, and the last memo rable engagement between the thirty thousand of Victor Emanuel and the fifty thousand of Bom- ba, on the banks of the Garigliano, was another grand instance of the fact. The meeting between the King of Sardinia and Garibaldi, when the brave General rnshed forward in his red shirt and exclaimed, “King of Italy!" as he grasped the monarch’s hand, bas perfectly reassured the world that the no- ble hearted soldier will gladly fulfil his pledges by annexing his conquests to the Italian | kingdom without question. What adequate | reward can be bestowed upon the liberator of | Sicily, Naples, Umbria, Perugia and the | Marches, with their twelve millions of popula- | tion, we are ata loss to name. But the fame of such deeds as his will live, surrounded by a halo of glory, as long as the priceless boon of liberty is appreciated, or history endures to preserve the record of noble actions. Errect or tae Pasic Urow Fasitonceue Movexexts.—We do not notice any perceptible diminution in the gayety of the town in conse- quence of the financial panic. The fast peo- ple are ae fast, if not faster, than ever. Broad- way is radiant and the Central Park presents its usual array of splendid equipages. New York people are proverbially mercurial, and they are now apparently as jolly as if there was Do probability that the South will secede; that the commercial metropolis will lose in consequence one-bslf of its wholesale and re. tail trade; that onehalf the great bazsars on Broadway will lose money instead of making it; that there will only be balf as many theatres and places of public amusement, and that the Opera Jabituds will be compelled to put up with the moiety of a loaf or go without any | musical pabulum whatever. Prominent smong these hopeful people we find the little Napoleon of Irving place, the Chevalier Uliman. Uliman is a curious charac | ter. He bas been connected with artistic enter- | prises in this country doring the last ten or twelve years, is a sort of operatic picneer, and bas been ruined as many times as a cat has lives. Ullman has been ruined by Maretzek, ruined by Strakoasch, amd ruined by Muzio, and yet he comes up, like Mr. Thomas Sayers after punishment, as lively, if not quite se lovely, as ever. Ullman ts aman of decided talent, and a clever man is al! the better for being ruined now and then. It spurs him on to extraor- dinary exertions, which cannot fall to redound to the pablic benefit. So we find Ullman com ing ont of exile like Napoleon returning from Eibs, and issuing one of his characteristic bul- letins. He {s, to nse familiar expression, on his own hook, and does not Intend, if he can help it, to bave any Garibaldis in Irving place. He has laid out all bis energy (and that is 4 great deal) in the production of the grand spectacu- jar opera “La Juive,” and has made some importent alterations both in the stage promises, it wil! rally en masse to the support of Ullman vext Monday. He makes @ good figh', promises a great deal, and will undoabt- edly be a8 good as his word. When Uliman has bava alone he has generally succeeded, an that is In'é present condition. For the operes which he intends to give, he has a strong com- paoy—one that embraces some of the best dre- matic singers of the day. At the same time that we recefwe the Academy bulletin, we notice the arrival of the Muzio troupe from « successful concert tour iz the West. These artists give a concert in Brooklyn on Friday night, and open the Opera seasen at Philadel. phia on Monday next. After Ullman’s season-— one month—Muzio will have a» opportunity here. So, if Rome does burn, there will be x@ lack of fiddlers. The Existing Panic—Its Causes, Course and Remedies. The events of every day evince the increas ing pressure of distrust upon the indostrial and commercial interests of the community, Manufacturing establishmente have bees obliged to discharge thousands of operatives; some of the weakest Southern banks have al- ready been obliged to suspend specie pay- ments, and all are doubted; the movements Produce are stopped on every side by peralyzation of exchanges; the banks are pelled by fear to curtail their discounts, and meet his obligations or the probable alterns- tive of bankruptoy. It is natcral amid such 9 state of affairs that men sheuld ask, as they are doing on every side, why should there be a panic! What is its cause, and what remedy should be sp- plied? The cause ie evident. The conviction is beginning to be entertained that the vast interests, and the mighty edifice of com- merce and credit, which have grown up under the social guarantees of the constitution, and the interpretation that bas been put upon them for the last seventy years, are about to be destroyed by a new interpretation which is about to be put upon the compact of our Union. A purely sectional party, proclaiming a deadly hostility to the principle upon which the society of fifteen sovereign States is organized, and announcing through its presses and orators that the interpretation of the constitution hitherte admitted must be changed, has triumphed is every Northen State, and its representative men are soon to receive into their hands the reing of the federdi power. The principle on which this party is organized has already divided the churches, the missionary and tract societies, and the political parties of the land, into Northern and Southera antagonistic divi- sions, aud now, by inauguration in our federal policy, it threatens to divide material interests, and even society itaelf, in the same way. The South, alarmed at the progress of thie aggressive idea, alreacy contemplutes the ne- ceasity of self defence, clamors for new constitutional guarantees, and the very founda- tions of its society are shaken. Its se cial, industrial and commercial growth has been sympathetic with our own, and with that of some of the most powerfal nations of the world. Ite alarm is first shared by the mer- chgnts, who constitute the sensitive links be- tween societies distant from each other; aad the bond of mutual confidence being weakened, the edifice of commerce and credit crumbles into ruin, This is what is now going on in eur midst, and if the existing industrial and com- mercial relations between the North and the South are to receive the shock of a conflict im their political and social relations, with all its train of retaliatory legislation, hostile tarifis between the free and the efve States, and pos eibly the terrible evils of a bloody war, througir & new interpretation of our constitutional guarantees, there is not an existing interest, North or South, that can survive the catastro- phe. The whole order of things, so far as trade and values are concerned, must be swept eway,and & new order built up on the basie that Northern or free society is hostile to the Southers social organization, with African ala- very aaa partof it These are the causes of the panic here. Let us now contemplate what is likely to oceur elsewhere. To England and France cotton has become « great industrial and commercial necessity. It gives employment to millions of their peo- ple, and life to a large amount of their trade. The wages earned in its manipulation pay for the grain and four imported to feed their peo- ple. Thus the whole system of their industry depends upon # continuous and certain eupplg of cotton, This bee hitherto been kept up through the machinery of bills of exchange, which are based on mutual cpnfidence in the existing state of things. This machinery is ia- terrupted by the disturbance of confidence, and the drafts against cotton cannot be sold. ‘The cotton istherefore delayed until Englaad and France can send the money for [t. The ne- cessity of conveying the cotton to Ecrope, that it may eupply the channels of industry there, wil! cause o drain upon all the Gnancial re sources cf Londoz . 4 Paris that will deplete every other line of trade of ite usual supply of money, and the result there, on the receipt of the advices taken out from bere yesterday by the Perris, will be a panic as much more intense ‘ban ours os is England's mecessity of cotton greater than ours. Every banker knows this, and hence the anticipation of the money pressure in ogland makes the oegotiation of exchange still more difficult, the tracamiseion cf cotton etill more doubtful, aad the fear of the result still more intense. ‘The remedies for thie state of things are evi- dent to all right minded men. The South muat exert itself to prevent its agitators and dema- gegues from hurrying it into a rupture of our political relations, without giving the North an opportunity to retrace its etepe. The go-, vernment must exert all its powers to preserve; its functions, and all its wisdom to induce thed nise the necessity of putting down the ants. elavery oligarchy that is exciting them, throug the rousing of blind conscience, to enforce stract and impracticable moral propositions that are in deadly hostility to their material 8 welfare. Exasrzaatixe §=Toxe oy rus Rercniicay Pass —At the present time of intense exctite~ ment at the South, when every conservative mind fa the country desires that a moderate and tory course should be puraned by the wth, even to the repesl of the Personal Liberty bills, nullifying the Frgitive Slave law and the anditorjum of the Academy. Jf the by ‘hor Stator which hove enacted them, the