The New York Herald Newspaper, December 26, 1860, Page 4

4 ~ NEW YORK HERALD, WEDNESDAY. DECEMBER 26, 1860. NEW YORK HERALD. JAMES “GORDON BENNETT, EDITOR AND PROPRIETOR. OPFION N..W. CORNER OF FULTON AND NASSAU STS. TERMS, cash udva fomey ven! mail will be at the sie the Senden ‘Mowe tut Bent! bis Current tm New York $7 per annum. sie cents per Weduenday, any part of Great rita’ ‘hoth “h tackudo pposiage: the nad Blat of each month, at viz THE DAILY HERALD, (00 conts vor Fednenday, at four cents per ONDENCE, containing important uarter of the world; will be OUR FORKIGN CORRESPONDENTS ARE Wigussrap ro Suat ate Luvrnus AND Pack: ‘ICE taken of anonymous correspondence, We donot dl communications. on anya No. 359 AMUSEMENTS THIS BVENING. NIBLO'S GARDEN, Broadway.—Tax Giapiator. WINTER GARDEN, Broadway. opposite Bond street.— Pur Van Winkie—My Youna Wire axp Ovo Umorapa. BOWERY THEATRE, Bowery.—Afternoon and Evening— Spaupure & Kockn's BquestkiaN TROUPK—MONSTER OF Br. LOMARL, WALLACK’S THEATRE, Broadway.—Fast Men or Tax Oupen Trax, LAURA KEENE’S THEATRE, No, 6% Broadway. SEVEN SistERS. NEW BOWERY THEATRE. Bowery—Afternoon and Evening—Kooxwoop—Magie TRomPRT—KicHARD TIL BARNUM’S AMERICAN MUSEUM, Broadway.—Day and Evoning—Tux Ska oF Icw—Azrec Cuipekx—Living Cont- ositixs, &c.. e BRYANTS' MINSTRELS, Mechanics’ Hall, «72 Broad- way.—Bunixsavxs, Sonus, Dances, &0.—Jacx Car. HOOLEY & CAMPBELL'S MINSTRELS, Niblo's Saloon, Ener tee Vase SonGs, Danoxs, Bumtusques, &v.— Larry New Yean. c. ERBURY MUSIC HALL, 663 Broadway.—Soxas, Danozs, Buuiesaves, &c. MELODEON, No. 639 Broadway.—Sonas, Dances, Bua- Lansquas, do, New York, W beaches ec4 » December 26, I The News. Nothing new has transpired with reference tothe Indian Trust Fund robbery at the Interior Depart- ment. We publish, in another column, an official list of the numbers of all the bonds abstracted, save $61,000 of six per cent bonds of the State of North Carolina. The public are cautioned by the government officers not to negotiate these bonds, a8 proper measures haye been taken to trace them out, and also to stop the payment of the interest due on them on the ist of January next. Mr. Russell, who was arrested in this city on Sat- urday, upon suspicion of complicity in the rob- bery of the government, reached Washington yes- terday, and was committed to prison in default of bail in half a million dollars. The steamship Fulton, Captain Wotton, from Southampton 12th inst., arrived at this port at half-past one o'clock yesterday afternoon, bring- ing 192 passengers, upwards of-half a million in gold and a large and valuable cargo. A telegraphic synopsis of the news by this arri- val was received from Cape Race and published in the Herap on Saturday last, but the reception of our usual newspaper files enable us to give this morning some interesting details of European in- telligence two days later than that received by the Jura, published yesterday. The advices from Italy confirm the previous re- ports of the reactionary movement in that king- dom. Garibaldi is preparing to enter Venetia in the spring, and has just issued a brief address to the Italians, urging them to sustain the govern- ment of the King of Sardinia, and concludes by saying that the 5th of March, 1861, should see Vic- tor Emanuel at the head of an army of half a million of men. We publish this morning the ‘Fundamental Statute of the Association of National Unity,” drawn up by Mazzini, and which is considered as the political programme of himself and friends. The news from Hungary is very revolutionary. Riots have taken place at Pesth, Debretzin and in several other large towns, while there is evidently an impatience on the t of the population of the whole country, to rise against Austria. The steamship Ariel, from Aspinwall 16th inst., arrived at this port yesterday, with the mails and treasure—the latter to the amount of $1,225,217— which left San Francisco on the from the west coasff Mexico, New the South Pacific republics. Her advices from California have been anticipated by the overland express. In New Granada it would appear the govern- ment continues to triumph, though the news is, as usual, conflicting. Dates from Santa Martha are to the 4th inst. It had been besieged by the rebels for eleven days preceding that date, and coa- siderable damage was done by the bombardment. General Jones, United States Minister to Now Granada, was detained there, being unable to pro- ceed to Bogota. All the States, except those in Mosquera's interest, had voted for President. So far, Arboleda bas a majority over General Herran. From the South Pacitic we learn that President Castilla of Peru had a narrow escape from assassi- nation in Lima on November 234. There is noth- ing new about the United States claims. Efforts are to be made to raise the frigate Callao, which was sunk off the port of that name sometime last fall. The new revised constitution has been pro- mulgated. Bolivia has not yet declared war against l’eru, though the Bolivian Minister of the Interior recommends that it should be done imme- diately. Chile is quiet. It is thought the Arau- ~anian@indian rebellion will be easily suppressed. The extra session of Congress had adjourned. By the Ariel we are in receipt of correspond- nce from Washington Territory, and various Mexican ports on the Pacific. The news from Washington Territory is most terrible and heart- rending. The Indians had massacred the greater part of a body of emigrants, and the survivors were found eating the bodies of the dead. Details wili be found in our news columns. From Mexico we learn that the American cotton factory at Santiago, near Tepic, was attacked by the Indians under Losada, a clergy chief, and a large number of the workmen massacred. There is nothing positive from the capital, but it is be- lieved that the siege has been regularly com- menced. The Ariel also brings interesting details of news from Japan to November |, which may be found in another column. ‘The -veriand express, which left San Francisco on the afternoon of the 12th inst., arrived at Fort Kearney yesterday morning. The steamer Uncle Sam left San Francisco on the 12th for Panama, with $1,466,915 in gold and $12,000 in silver, all of which, excepting aboat eleven thousand dollars, is consigned to this city. This unusually large shipment of treasure at this season is understood to be in response to urgent appeals from the At- lantic cities. Business was very doll, transactions being confined to merely supplying the immediate wants of consumers, The Uncle Sam also had on board, among her passengers, a large number of republicans, bound for Wash- ington, in search of offices under the new administration. The reports of the existence of a plan for organizing an independent republic on the Pacific, in case of a dissolution of the Union, are revived. It is understood that Gover- nor Weller will accept the post of Minister to Mexico tendered him by the President. The news from Oregon and British Columbia is unim- portant. Christmas Day passed off yeeterday quietiy, and with the customary religious observances, out- oer diversions and indoor festivities. Eleewher | crop will net reach 4,000,000 of bales. | we give accounts of the ceremonies in the churches, the performances of the firemen, the parades of the target companies,"and the festivals at the various charitable associations. ‘The supply of cotton from the Southern States at pre- Sent attracts much attention in commercial cireles. Hitherto estimates of the crop of 1860 have reached Abort 4,000,000 bales, or 600,000 bales below that of Last year, From the large falling off in the receipts at the ports the belief is now rapidly gaiming ground that the With this proba- ble decrease in the present crop, and the contingencies which may occur to reduce the crop of 1861, the ques- tion of an adequate supply of this important staple for the consumption of Europe and of America as- Sumes & most serious character—one which few not fa- miliar with its influences on commercial and industrial pursuits would imagine. We have shown in previous ar- ticl-s in this paper that the only cotton “patch” to be found in the world existed in the Southern States of America, where the annual plant, from the topographical features of its soil and the peculiarity of climate, secures alternations of rain and sunshine with sufficient heat to mature it. The extent of this field, if fully cultivated, would yield from 8,000,- 000 to 9,000,000 of bales per annum, worth, at present prices, about $460,000,000. But the most ever pro- duced from this region, owing to the scarcity of tropical laborers, has becn 4,600,000 bales, of the value of $230,- 000,000. Such are the demands of the civilized world for this great staple that, could peace be preserved, 6,000,000 of bales would soon be produced from our pre- sent force, of an annual value of $300,000,000, an annual source of wealth before unenjoyed by the exports of any country under the sun, but which the folly of funaticism may partially if not wholly destroy, and thus reverse the wheels of progress and of civilization for a century or more to come. We showed in a former article that the East India Company failed in growing cotton to compete with the United States, after having spent $5,000,000 in the experiment. The schemes of English ‘cotton associations’ to produce it in the tropical wilds of Africa are visionary, and only tend to amuse the old women of Exeter Hall and afford pleas- ing paragraphs for abolition organs in the United States. States of New York and Pennsylvania. “The Union is dissolved.” This was the proclamation made in flaming capitals to the delighted people of Charleston the other day, on the passage of the ordinance of disunion by the State Convention of South Carolina. “The Union is dissolved.” One State has left it. Other States are preparing to follow her. In all probability, from present appearances, in her attitude of separation and national inde- pendence, South Carolina, before the end of January. will be supported by Florida, Ala- bama, Mississippi and Georgia. Itis probable, too, that before the 4th of March all the other slaveholding States will be drawn into an atti- tude of such active sympathy with the seceding States as to leave to the incoming administra- tion no choice but war or the alternative of acquiescence in a Southern confederacy. The experiments proposed in the Crisis Com- mittee of Thirty-three (or rather of thirty) of the House, and in the Compromise Committee of Thirteen of the Senate, have all fallen short of the mark. It is manifest, and has been for some time, that nothing can be agreed upon among the clashing sectional elements of either of these committees equal to the necessities of these revolution- ary times. We have no hope of re- lief from either branch of Congress. The coercion wing of the republican party rules that camp. The party is to stand its ground. “No concessions are to be made to slavery, be- yond the letter of the constitution; and the anti-slavery interpretation applied to that instrument by the Chicago restrictive resolu- tions is to be adhered to. Believing in the paramount sovereignty of the federal govern- ment, the republican party admonish the se- ceding States that, if they continue contuma- cious, they will be whipped back into the Union, and that the President elect, as the last resort, is unchangeably pledged to this policy of coercion, ; This is the Northern side of the picture, for, since this last Presidential election, no man will for a moment deny that the republican party represents the power of the North. Nor is the Southern side of the picture in any de- gree more encouraging in behalf of a recon- ciliation. The secession agitation of the South has passed beyond the control of the politi- cians of that section. The reins have fallen from their hands. Secession has become a popular Southern epidemic. The masses of the people of the South have taken it up, and calculating politicians there and = pru- dent men of property are, perforce, carried along by the © resistless — eur- rent. | Even in the hitherto staunch old consérvative Commonwealth of Virginia the in- te disunion hating and Un‘on loving old I whigs are pushed to the extremity of a Avarlike attitude against the North, in behalf of the Union. It would thus appear that an impassable chasm has been made between the two sec- tions-—that the secession spirit in the South has become a popular mania, which must run its course to the actual experiment of a Southern confederacy, and that, in behalf of Mr. Lin- coln’s administration, the only remedy to be expected for secession is that of the subjuga- tion of the seceding States by the army, navy and militia of the United States. Of course the only result to be anticipated from this policy of subjugation is a ruinous civil war—ruinous to all sections, classes and interests of the country. But how is this terrible alternative of war to be averted? Our Southern brethren believe they can avert it through a Union of the Southern States, as in the common support of a common cause, and that in this Union the material and moral strength of the South will suppress any disposition to coercion on the part of Mr. Lin- coln’s administration. There is much force in this view of the subject; but can nothing be done in the interval to Mr. Lincoln's inaugura- tion to pave the way to peace and reunion? Upon this point we do not altogether despair. ‘Bhe general aspect of things on every hand is gloomy and dispiriting. The dismemberment and demoralization of Mr. Buchanan's Cabinet have rendered him powerless; the two houses of Congrees do not afford a shadow of sectional harmony; the President elect, we are substan- tially told, has no compromises to make, his instructions, “fresh from the people,” being embodied in the Chicago platform. only alternative, then, is an appeal to State in behalf of the Union, and without further lose of time, We thus appeal to the Governors respective- ly of New York, Pennsylvania and New Jersey, to eubmit to the Legislatures of said States a recommendation each for an imme- diate State Convention on this question of the Union. The Legislatures of Virginia and Teuncssee, in special session, and in reference to a State Convention, will meet on the 7th January. New York, New Jersey and Penn- aylvania, then, may provide simultaneously ¢ with Virginia and Tennessee for their State Consaallaan: and they may all of them pro- vide, too, through mutual commissioners, and by means of the telegraph, when in session, for such mutual concessions in behalf of recon- ciliation from the North and the South as will lead to the happiest results im ‘the great work of a reconstruction of the Union. The Governor of New York is a republican, our Legislature in both branches is strongly republican, and the State has gone heavily for the republican party, The same is true of Pennsylvania to a st/Il greater extent. She is called the republicin “Banner State” of the late campaign. But itis because they stand forward as the leading republican States that we believe any practical concessions for the Union from New York and Pennsylvania, act- ing in conjunction with Virginia and Tertmessee, two of the most important States of the South, would be productive of the most beneficent re- sults, We appeal to our Governor and to the Governor of Pennsylvania to take the initia- tive in this direction. While this great confed- eracy is breaking to pieces, and when the clouds of civil war are thickening over us, a8 they are now, this is not the time for men in authority to balt upon the paltry and obsolete considerations of party principles or plat- |: forms. Let Governor Morgan, in his annual message to our Legislature, putina strong recommen- dation for the call of a State Cenvention to open negotiations with Virginia for the Union, and let our Legislature call a Convention at once for this purpose, and New York may open the way of deliverance. Semator Seward ‘dian om the Stump— What Wil! He Say in Congress? _ The speech 0” Mr. Seward before the New England “ociety, on aturday evening last, was eminently characteristic, both of the plastic mind of the individual who gave it utterance and of the complicated phase of politics into which the country has recently entered. The decision of no Delphic oracle could have been looked for with more interest than were the first words which might fall from the lips of Mr. Seward subsequently to the election of Mr. Lincoln to the Uhief Magistracy of the republic. Hitherto he has held his peace; but, in an ela- borate and carefully prepared speech, he has at last promulgated his views to the country, at the recent Forefather celcbration at the As- tor House. The substance of his declarations, through the medium of the descendants of the Pilgrim Fathers, is satisfactory to many conser- vative republicans; and though the pith of his policy is veiled in a certain amount of mysti- cism, it is plainly discoverable to the careful rexder, and contains several germs of good. The elaborate appeals of the Albany Evening Journal, edited by Thuriow Weed, in favor of sacrifices to preserve the integrity of the confederation, have rendered it especially inte- resting and important to know whether the views therein expressed, and which have already divided the republican party in twain, are sustained by Mr. Seward, his Achates in the United States Senate. Per! Ro ques- tion has been of late propounded with more anxiety than whether Mr. Seward would sustain his conciliatory course or not, and endeavor to repair the evils for which no one is more responsible than himself, and which his past teachings have brought upon the country. The answer has come, and it amounts, in substance, to a partial en- dorsement of the suggestiong of Thurlow Weed. Mr. Seward is, firstly, utterly opposed to all measures of coercion. He says, “let South Carolina, let Alabama, let Louisiana, let any one State, go out.”” His only remedy for the preservation of the greutness of the Union is time, and the consolatory reflection that “Canada and the Mexican States will rush in to fill the vacuum.” With regard to his own action and the action of his party, he simply declares that he will favor no compromise “which New York, Pennsylvania and New England cannot stand upon.” Upon what compromise will New York, Penn- sylvania and New England stand? What con- cessions will they grant What will the majority in these different States consent to, in order to preserve the integrity of the Union and save it from the disintegration and, possibly, from the civil war with which itis menaced? What- ever they will do Mr. Seward proclaims his willingness to abide by. This is a great modifi- cation of the position he held when he made his famous speech at Rochester, in1858 ; for there is not a man north of the Potomac, unbiassed, and who has carefully analyzed the feelings and sentiments of the New England and Central States since the recent Presidential election, who is not convinced that three in New England and four in the Central States out of every five voters are conservative in sentiment, and prepared to accept the amend- ments to the constitution recently presented at Washington by Senator Crittenden, of Ken- tucky. The revulsion in public sentiment in New England within the past six weeks makes it manifest that the people of the extremist nullifying, Personal Liberty bill States are wavering and becoming ready to sacrifice their peculiar views on the slavery question to con- stitutional right, the just complaints of the South and the exigencies of the preseat emer- ency. x Under such circumstances there is no states- man of the day, aside from Mr, Lincoln and his administration, who can accomplish more fot the national weal than Mr. William H. Seward, if he will sincerely repent of his past course. As one of the Committee of Thirteen, he can in a moment neutralize and retrograde the per- nicious action which has been taken by the republicans of that committee, and restore its counsels to a patriotic and national basis. If the sentiments contained in his speech are to be relied on, he may be expected to enter at once into negotiations with Senators Davis, Toombs and Hunter, and the product of their united minds will be a scheme of conciliation which shall pour oil upon the troubled waters and allay the excitement which prevails throughout the length and breadth of the re- public. It is more than likely that Mr. Seward has already concocted some measure of paci- fication which will readily be accepted by his thern brethren. He says that the difficulty between the seceding States and the North ought to be “settled in sixty days.” He is fertile in resources, inexhaustible in ingenuity, full of talent, and he will doubtless present fy plan to his colleagues which may accomplish the desired result. There is no point, more- over, which he more strenuously advocates than amendments of the constitution. This is a gigantic step in advance of the fanaticism of the weaker members of the republican party. It is a basis upon which all law abiding and Union loving citizens of the land will be united and can securely stand. We look for- ward, therefore, with anxious expectation to the course which may be pursued by the “irre- pressible conflict” orator of this State, and will endeavor to believe that, through his means, light may shine out of the darkness by which we are now surrounded. If Mr. Seward will carry out consistent- ly at Washington the conciliatory princi- ples initiated in his speech at the Astor House on Saturday evening, and an enlarged and statesmanlike course, worthy of the suc- cessors to the Presidential chair once occupied by Washington, Jefferson, Madison and Jack- son, is pursued by the President elect, the clouds which obscure the horizon will yet vanish. The reins of power will very shortly pass into the hands of the republican party. Upon Mr. Lincoln and those who may be ad- mitted to his counsels will devolve the respon- sibility of the future; and in proportion as they shall adopt the mild, cautious and for- bearing policy which is measurably intimated by Mr. Seward in his Astor House speech, will the prosperity of the republic for a long time to come. Tur Convacien Wenn Rawrant.—The Cheva- lier Webb is making a great bugaboo of a re- cent Washington despatch published in the Herat, to the effect that Mr. Buchanan could not undertake to reinforce the federal forts at Charleston because he was afraid if he did he would be in danger of assassination. The Che- valier Webb seizes upon this fiction of the atreet for a terrible onslaught upon the coward- ice of the President. The valiant Chevalier, if The Contest for Speaker of the Next State Assembly—Importance of the Question. There is at present a bitter warfare raging be- tween the two wings of the republican party in this State over the organization of the next State Assembly, which convenes at Albany on the Ist day of Junuary, 1861. The choice of Speaker for that branch of our State Legislature has had the effect of stirring up the generals, cap- tains, lieutenants, place and spoils hunters in both branches of the recently triumphant party. The Seward-Weed portion of the party are pushing the claims of Dewitt C. Littlejohn, Speaker of the last Assembly, and supporter of all those measures which the public have stig- matized as being corrupt; while the Spruce street philosopher, backed by Bryant, Field and the radicals generally, has trotted out Lucius Robinson, one of the members of the last Legis- lature who stood up in defiance of the hurricane of venality that swept through the halls at our State capital during that long to be remembered session; and each are busy influencing the new- ly elected members upon this question. The selection of a Speaker for the lower branch of our Legislature is of far more import- ance than is generally supposed by the public at lurge; but the politicians and lobby men are fully alive to the magnitude of the question ; hence we have not only the party leaders, but members of the third house, engaged in this controversy, and, as might be ex- pected, this latter class are confident of the re-election of Speaker Littlejohn, and boldly assert that he can be Speaker if he wishes it. The choice between those two gentlemen is of vital interest to Weed and his lobby associates, or upon it depend in a measure the profits of their winter’s business as engineers, firemen and wheel greasers of the legislative machine. _ The Speaker, in the first place, has the ap- pointment of all the committees who are to consider the several bills presented, and it is an easy matter for him to select, out of one hun- dred and twenty-eight members, seven for the Committee “on Cities and Villages” who will be guided solely by the demands of the lobby, or seven who will turn a cold shoulder to all of their importuning. Next in importance to that of appointing the cofnmittees, and a question that is entering largely into the controvery, is the fact that the Speaker of the Assembly is, by virtue of that office, one of the Commissioners of the Land Office, who have under their juris- diction all such questions as the West Washing- ton Market site. This being still an open ques- tion, it is not to be wondered at that the friends and operators in that measure are now upon the anxious seat in regard to the organization of the House. These, with several other considerations of more or less importance, fully realized by those who are after the spoils, as well as the name and glory of victory, are the elements at work in this sharply ‘ought contest, which the public at large are ap- parently looking at with a quiet indifference. ‘The finale of these wrangles, the at. tention which our Legislature of late has paid to New York city affairs, is of the greatest im- portance to our property holders and taxpayers. By the peculiar organization of the committees last winter the schemes of the gridiron opera- tors were put through without a saving clause being incorporated, and every demand of the bangers on who were classified in Weed’s ar- my was granted without the least resistance from the majority, it mattered not how ob- noxious the measure or how adverse to the in- terests of the public at large. The organization of the next House is therefore to settle the question whether the raid against the rights of the inhabitants of Manhattan Island is to be continued, or a new order of things established with our lawmakers. Whether or not the scene shifters of the last remarkable Legislature shall continue to hold that pesition for another term, is a question worthy of serious con- sideration on the part of all friends of honest legislation, without regard to party lines. Let the result be as it msy, there are many indications of a split in the dominant party in this State that far exceeds ‘he bitter wrangle that has existed for years between the hards and softs in the democratic pary, and which must sooner or later relieve us ofthe rule and ruin policy which has characterized the annual gatherings at Albany ever since the election of legislators was settled by appeals to the peo- ple in behalf of the wellfed negroes of the South. The sooner that dey arrives the better for this city, State and ration. Let us bide our time, and patiently avait for the day of deliverance. Tam Demonatization orPartixs.—No stronger evidence could be furnkhed of the sad condi- tion of things in this country than the fate of Mr. Cobb’s late Treasury loan. In Oc- tober last a loan of te millions on Treasury bonds was taken up ata premium, yet when the money falls duc, wefind that it is not forth- coming. The bids were made by bankers and brokers, yet they repudate their bids now, al- thongh an extension of ‘hirty days was given in order to accommodae them. Nor does it appear that these partie have failed, or repu- diated any other contrace, or that there is the least evidence of their inolvency. he believes half that he says upon this subject, should at once repair to Washington with his “mahogany stocked” pistols, loaded to the muzzle, for the reliefof Mr. Buchanan. But the truth is that Webb knows the President has no fears of assassination. The idea that he could have is absurd. We advise our telegraphio correspondents, however, to be a little more careful for the future in their discrimination between authentic news and mischievous in- ventions. We want facts, not fictions. The Approaching War Against Austria. Austria will not sell Venetia. This is a settled fact. The rumor that was cir- culated fo the effect that negotiations were going forward having that object in view has been officially contradicted by the govern- ment papers of Austria, and the general com- manding the Austrian troops in Italy has ap- prised his lieutenants that they must, be ready for war in the early part of the forthcoming year. It is evident from this that the mere cession of Venetia would be no panacea for the evils which divide Austria and Hungary. The Ausirians are not strong enough to show the weakness which such a compromise would involve. They are, therefore, resolved to fight the perilous battle which is to decide the fate of Venetia, and, so far, the cause of Italian liberty, for without Venice the glories of Italy’s ancient history and the strength of a firmly united territory can never be combined. Since Rome declined, what other star shed lustre over Italian history than that of Venice—beautiful Venice, the pride of the sea? The mind loves to linger upon its centuries of greatness and grandeur, as the bee might lin- geron the flower. That the quadrilateral is almost the key to the strength of Austria, and that it was asssigned to her after the great con- test with Napoleon, because Europe wished her to exercise a controlling influence over the power of France, cannot be questioned. Aus- tria maintains that France ought to be kept in check, now and in the future, just as much as in the past, and asserts that she retains the grasp of Venice in discharge of a trust to Europe as much as for the protection of her own southern territories. In the event of ceding Venetia she would destroy that prestige by which the hete- popu- Togeneous masses composing her lation are nominally united. The act, it is alleged, would only hasten the catas- trophe which threatens, sooner or later, to overwhelm her. That a desperate struggle for the quadrilateral will soon take place is certain; but the result of that struggle, in which both parties look with confidence to the issue, is by no means equally so. That the Italians will have to trust to the Hungarians and the Hungarians to the Italians, and that neither conld do anything serious without the co-ope- ration of the other, is a circumstance which makes the so-called glorious uncertainty of war all the greater. The hope of Italy lies in the cutbreak of a successful revolution in Hungary. That the Hungarians are thirsting for the blood and downfall of Austria we know; and that they are never likely to be satisfied till, by ac- tual triumph on the field of battle, or by exact- ing a constitution with which imperial supre- macy will be wholly inconsistent, is patent to all who have watched the ~ progress of Magyar feeling. Nothing less than the cession of Venetia will have the slightest effect in averting the threatened war. The last Imperial charter was a failure, and all Hungary is even now more or less in a state of lawlessness, which the Empire has no power to suppress. Austria must have firm faith in the conside- rations which induce her to refuse a large sum in ready money and make her sanguine of vic- tory. One reason is that she considers by holding Venetia she is upholding the cause of international law, order and the Church. The Austrians proper look upon the quadrilateral as the last remaining bulwark of the temporal sway of the Sovereign Pontiff. That these feelings will act asa powerful incentive in stimulating the ardor of the Imperial troops is likely enough. The army may so be kept faithful. The support of Germany is anticipated in the struggle, by the confederation holding the north eastern shore of the Adriatic with a force sufficient to prevent the co-operation ofthe Italians and Hungariam®. It will be a fear of France only that will prevent the confedera- tion doing this work of love. A decisive suc- cess early in the campaign might wonderfully improve the Austrian position, and Austrian luck is proverbial. Avstria is wanting in neither men nor the materials of war, and the impoverished state of her exchequer will not tell heavily upon her at the outset. An Austrian victory in a forced battle might effectually daunt the Hungarians, or make their revolution, enccessful though it might be, so far local as to prevent its being of any great service to the Ttalians. We éan now see the motives which resulted in the Austrian refusal to entertain the propo- sals for the sale of Venetia. Youxe Aurrica Avroav.—Our British cous- ins are proverbially slow. They are bothered a good deal in their endeavor to fathom the American character. When they visit the United States they are in a continual whirl, and sigh for the steady going anti-innovation habits of the old country. When our people visit them, and purpose to do anything out of the old fash- ioned track, they hold up their hands in horror, and marvel at the assurance of Young America. It is to be hoped, however, that old Mr. Bull, in good time, will get used to young Master Jonathan, and will find that, in spite of his levi- ty and harum-scarum tendency, there is still a great deal of good atuffin him. Indeed, we fan- cy that Steers and Hobbs, and McCormick and Rarey, have already shaken the old gentleman’s faith in his infallibility, and that Mr. George Fran- cis Train—a sort of lightning train—has quite startled him from his gravity. Train, as our readers will recollect, has been laboring zeal- ously with a view to introduce city railways into London, Liverpool, Manchester and other places in the United Kingdom. At first Train had very hard work; but he is not the sort of Train which is stopped by ordinary or even extraordinary impediments. So he steamed away, working incessantly, until he got his cars running at Birkenhead, and now is going about England like a second Peter the Hermit, preaching a crusade against cabs and omnibuses. He talks to the people in the genmine Young America style, and delights them so much that we hear of the most enthusiastic popular demonstra- tions in his favor. Train is sireedy a re. cognized British institution; and were he not an ardent adherent to the land of his birth and @ thoroughgoing Fourth of July de- mocrat, we have no doubt that he might aspire to a very high position under the British go- vernment. Many aman has received a blue ribbon for services not half so important # those of our rapid young friend Train. The Recemt Uniom Meetings of No Ac- count. The meetings which have been held in New York, Philadelphia, Cincinnati and Trenton, New Jersey, with the avowed object of preserving the Union, will have little or no weight with the South. So far as the meeting in this city is concerned, the fact is patent that it was made up chiefly from very suspicious materials, such as broken down politicians, who are responsible in a greater or less degree for the evils which they mow seek to remedy. The persona who assisted in the disruption of the democratic party at Charleston are not those who would be likely to pacify the South at the present juncture. It is quite true that these hack politicians gathered about tkem a certain number of men of high charac- ter, and it is also the fact that the fervid elo- quence and sound philosophy of Mr. Charles O’Conor were wasted upon an unreliable and inefficient assemblage. Nor can we see that anything practical is to be accomplished by the action of the New Jersey and Pennsylvania Union men. The idea of sending commissioners to South Carolina is utterly absurd. It is like deputing a number of gentlemen to wait upon the inmates of a lunatic asylum, to re- quest them to be so kind as to con- sider some very important question in accordance with the views of the public at large. The people of South Carolina have worked themselves up to fever heat, and are therefore quite incapable of listening to the arguments of gentlemen in private life, no mat- ter how convincing those arguments might be under ordinary circumstances. So the Union meetings are really of no account whatever. ‘The question then recurs as to what measures can be adopted to stay the tide ef revolution, Looking towards Washington, we see no signs of present or even prospective relief. The Pre- sident declares that, in exhorting his fellow citizens to preserve the Union, he has exhausted all his powers. Congress is still worse. Both houses seem utterly paralyzed. They are like a weak man in a morass, too feeble to extricate himself, and so they remain stuck fast, aspecta- cle for the jeers and laughter of the boys. Con- gress at best is a bruised reed when any real work is to be done. or when any great question arises. Now the storm has smashed the national legislature beyond all hope gf redemption. There seems to be no hope of relief from any of the means which have heretofore been adopted, and it is time that we tried some entirely new plan, and appealed to the incoming administra- tion for a definite exposition of its views. The old parties and their leaders have gene down to their political graves ; there let them rest in peace. We have fresh combinations, new men and novel diseases of the body politic to be treated. The old nostrums have all failed, and we ought to throw the trash and lumber out of the window and take an entirely fresh start. In order to inaugurate the new movement, the leading members of the republican party should send a mission to Springfield to the President elect, the only man who is in a posi- tion to assume the power once held by the Ro- man dictator, and the man among all men upon whom the responsibility of the nation’s future ests. We cannot shut our eyes to the fact that the republican party has succeeded to power according to the forms of the constitution, and ‘hat Mr. Lincoln has been legally chosen Presi- dent of the United States. And for that reason he alone isin a position to still the raging storm. Therefore let us havea mission to Illi- nois, composed of such men as Shepherd Knapp, James Gallatin, Moses 4H. Grinnell, John G. Jones, and others of the same calibre. We have no doubt that these gentlemen supported Mr. Lincoln in all sincerity, and that thgy are quite as much astonished by the effect of his election as any one else. The President elect could not refuse to act upon their advice, and to take some inume- diate steps in the path of conciliation. Mr. Weed has already been laboring privaicly with Mr. Lincoln, fixing matters ebout the city spoils, &c., but the mission we suggest should be com- posed of merchants, bankers, and other re- sponsible men who do not depend upon politics for a living. Such a mission would have more effect than any half dozen which could be sent to the Southern States, and Mr. Lincoln would be in duty bound to speak out in response to the earnest request of the responsible men of his own par- ty. The effect of a declaration of conservative principles on the part of the President elect could not fail to be a happy one, and it seems to us that it is the duty of the men who have brought the country into its present troubles to use every possible effort to extricate it. The leaders of the republican party have assumed a fearful responsibility in dictating utter silence to the President elect. If he does not speak out now the time may come when he will bitterly atone for his reticence. PowrricaL Misstonanims To tHe Sovrn.— General Caleb Cushing has been down to South Carolina and other Southern Sta'es to induce them, if possible, to pause a little for reflection before they take that final plunge into the gulfof destruc- tion——secession. He went down to persuade them that, by waiting a little, they could bring the North and West to the rescue of uthern rights within the Union. Tis mis- rion was a failure, of course. Other North- ern missicnaries to this field of Southern labor have also been appointed, and conspicuous among them is ex-President Fillmore, who owes his commission to @ late private meeting of amateur Union savers in Pine street, got up by the Albany Regency to repair somewhat their own damages in their destruction of the demo- eratic party at Baltimore. As Judge Magrath, of Charleston, informed Mr. Richard Lathers, of this aforesaid Pine street mecting, that any Northern political mis- sioneries down in South Carolina would be unwelcome visiters, we presume that Mr. Fill- more remains in New York. What is wanted is a force of missionaries to Springfield, Minoia, of mfficient influence to bring “Honest Abe Lincoln” manfully inte this all important work of saving the Union. And we are inelined to think that “Old Abe" is getting into a proper frome of mind to listen to good counsels on this