The New York Herald Newspaper, December 31, 1860, Page 8

‘This theory tie, where the ther master, enacted a eet tie ede us file, Tho y ution har us . SMilacke was matric ism, Bald aud haggard, it had no wpiritunl beayey. Deriving ali ign im] tho ot ; denying intuit ve ideas, ignifying ae rite vuly chatnels. of troth, that miserable phi- y ieft no place for spiritual facts, and utterly ig- nored ‘be rule and pi.senoe of God in the world. It pro- Bessed re rthe & ble of the law, Dut put the fi put oF eig was negatively atheistic, and worked out practical a neta dn society. tg ‘@ coro! ary civid government, it decried eapit : went because” the magistrate, Deing endowed with bot merely @ fellow-citizan, no divine vicagerency, was invested with no anthority over the life mao. And yét, with singular inconsistency, it gave seope to the political passions to legalize murder for politica! opimions, it was seeming philan ‘dhropy, but real cruelty. It professed to inculcate he Mi pnte of man, yet ‘adeaiston no Divinity, therefore no obarity, in ite composition. It bad no authority but the saprice of self will, and in the motives of self-inte- vee Change and revolution were its rule. Subjection and obedience, for conscience sake. had no place in its ethice. God and conscience were obliterated, The, dogma of the “divine right of kings,” and the p§pular demand of the right of “self-government,” with many Bueonsisiencies acd extravagant claims on either side, ume into collision, These two opponent syatera bat. ‘Med for years in Europe. There seemed to Be et ef eoniescence, until the English revolution perfected the Brinah consti‘ution and @ constitational monarch presided over the destinies of the British empire. The constitn- ben Became principality and sovereign power—the Aug the chief wagistrate, ” Submisgion to the constitu. tion was the duty alike of ‘and subject; while obe. dience to the magistrate was token of the loyalty of Me people. The right of revolution’ was the ultima vatie—the exception, not the rule—of liberty. And this wight was founded not in seif-will, but in duty % the will of God, as embodied in the constitution w the British nation. Our fathers acted on this prm ple in the American revolution, maintaining the eenstitution of the British empire, in antagonism toa faithless ministry. The patriots of our Revolution were aby true loyalists, not rebels, In resisting the Gubinet, they contended for the supremacy 01 the constitution of ‘the British nation. They were ‘subject’ unto “princi. palitice and powers” for couscience sake, while denounc- ‘mg the necessity of disobeying ‘“magistrates,”’ On the principle of constitutional liberty, our fathers es hed ‘@e government of these United States, The federa! con. 0s. ution is the type and the organic instrument of pation- ailife. The muayistrate under that constitution is “the mimister of God to thee,” to me, to all our countrymen “for good.’’ The old “confederation” was an abortive experiment.of the compact of States. 1t resulted in im- Besility. The ‘of the social compact has been tried aad condemned. It produced imbeoility, anarchy and wee. ts principle of individual liberty is, however, em- Palmed in the fact of a free, consolidated republic. That theory of & promiscuous conglomeration of men, miscalled society, is false iu history, faithless in its principles, weak and self-destructive in its exe. ention, and is among the phantasies of the part hour, Where it is galvanized into ghastly imitations ‘of life, it is too Lorrid in its grimaces of fr to en- gave the affections of any lover of liberty and law. Dema. ‘and religienists attempt now then the revo! Say experiment. | was wrong when I said these counter- Seve of liberty are past; for since that sentence was p aned the newspapers have reported the words of a ‘noted abolitionist and boastful independent, who, as the orator at the lato Puritan festival in Philadelphia, on “Forefaihers’ Day,” $0 called, pronounced with applause ‘these words —'‘MMen need governments of restiaint ouly 48 they are not developed and not free. As the individu- ab becomes educated and strong in his whole nature, mora) and intellectual, he needs no government; for God made the human sou sufficient for all its own exigencies. hea state. It is competent to entire sovereign- we ‘statements are put forth as the cardinal doc- ‘rimee of Puritan and Puritan ethics, and Puri- tan polities. But to the Chrietian’s (aith in Holy Scrip- tare, such sentiments are shocking for their blasphemy. Fe a sinful man’s bumility, they are offensive for their SH they are deserving of denunciation, as contravening xpressing tbe demonic spirit of anarchy Kach man may ‘do that which is right in his own eyes.” It is a singular example of the coalescence of extremes in fanaticism, that these Poritan abolitionist sentiments of the North, and the self- secessionist doctrines of the South, are prastically ene th mded in the same vicious Hhilosophy , pro- @ecing same fruits of edition and rebellion, 2 fg hands in a2 unholy alliance of hostility against the organic} constitution of the nation; for the law of our ‘Ban rey the vagaries of selfishness. Whether it De the individual man, or the individual State, the Word of God in Holy Seripiure, and tha saneh ‘of the Bpiseo- church in this land, unite in enjoining ry on every Faison a8 the pious obligation on the of the @hristian. The people of these United States, under the constitution, are one nation, organic, cor- porate, divinely established, subject to goverument, and bound in conscience to obedience. alty to fhe constitution is, therefore, impiety toward God. Revolution is pot justifiable, except in extreme op- preesion. Only where “life, beriy and the pursuit of happinese’’ are positively hindered does our American Declaration of Independence justify revolution, In no ther emergency are subjection to the constitution aud obedience to the magistrate superseded by any aw of obedience to Got. To ae | this Unic fore, i# to commit ein, which God will e » there Tightoousiy pauish by evila which no prescience can foreseeand vo wisdom Lawrully to secede’’ is a self-coutradiction, dieunjon, and disnnion is trea: «des as our “principality and * secu nd an repair, a scleciem. Secession 800. for the constitution wer daimed of God ppiness to the nation. There refore, bit one thing to do ia the exigency of the republic. That thing ® for the magistr bo beareth vain’? to execute we, aud for th the powers that he eos forbearanee real, or land be subject to cHont = distress with even fancied, complaints, and to recon: into a more perfect har t endeavor t tercours with patience and mutual love another, among the fellow citi- ; aud obeying Jesus sovereign, we shall be united again in heart, ‘a model among the kingdoms of the world. But ‘to Him, we #bail be scattered and divided, a dis- red body, a reproach and biasing, and a byword Pranks be to the long suffering and b fapong (be balones. Bieusing of our God, we have lived aud prospered as fel jow citizens of the United States, under a national con- stitution. But, destroy the Union, we are dead. And jobiest temple that political wisdom, y God's word, has ever reared fc ty and law, for the protection ‘of man, sball, in times to come, of pigmy chil wren who sibel! ‘gaze upon tbe shattered, colossal’ frag ments of our coustitation, with stapid woader at the greatness of their forefathers, and with muttered curses Agamst the euicidal treason Of thir generation. who ce- rived themacives of a am, 4 — u " offepring to vagranc) despair, who blasted Sonal pAin cern A of humanity just as the fruit of CGnasitutional liberty was bocoming set in the tree of po- Btical life in the midet of Furope, among the civilized ations of the carth. MR, BELCHER ON THE AGITATION OF THE. TIMES. a hie requlty morning discourse yesterday, the Rev Menry Ward Beecher, taking for bis text the passage in ‘he Gospel recording to St. Matthew, that “The disciple ie not above his master, nor the servant above bis lord,’ ecutrasted the relative values of the Old aud the New Tes. toment inonications, showing that while both were ne ceerary, the Oli Testament requirements served their parpose during the physical and social developeient of mankind, and were rendered no longer accessary now when we were to be guided by the superior doctrines of the New, in the moral instroction of the race—just as the playthingr © the boy become uo longer necessary when the perioe f manhood ensues. Haviig subse- qvently spoken of different manifestations of character, ‘and the agitations which take place im the individual @aring the process of his education from the lower to the higher forms of fe, Mr. Beecher then fovched upon the agitation of the times, What, he asked, was the condition of the world—what was the condition of the race? Were we to suppose that God had finished that educating process which goes on by agitation and disquietude—by anything but page We talked about the Reformers and the Poritabe, but when it came down (o our own times, and precisely the game developements wore taking place in references to Mawes and humanities snd wiages, we stood aghast and and for the developem be visited by aur degenerated posterity wondered that thers should be ene 9 state of things What was the condition of the world? Thewe were a thou end millious “ the warth «What was their @ndition? Were bot eight hundred millions af them in a condition of what mich! bs called savages’ Wore there two hundred millions of men o8 the globe that woukl be considere.. cly lized and Clrtstinniaed? Wan God the God Of the whole awth, or the God of an iotividual’ Bid God think only of us, and had Be purpose of mbrey and of fatherhood for thos who are tu dark nese? Woe t tation in thie a de be R14, to look ft any propodit may: Dht there war one Unig athe would rather maavigation of the twfernal re headres mu. hone of ay ot Dave been for four (ve ppareat.y, trey must be fo {years t come. There he dare not foliow ver it cnight be in refereate to a nen of (Be world woald was to bo Rgreat Uphen ta +a Dewapaper, in which sytem of philowopa, tb settle ome Caio Hate t. You cor one. Be eaid it should be fire, aed fh dee set mon on sire. are ties told, every wore of truth in God's emecutioner of i. As long o© Jishonesty is abroad, every honest word ie God's sheral to orrest it. fag there is crocity, every bomanity «. the @ Hike Cabrel, and flying bred to: to amite the wrong. Ae long a men : jn Gad ® Grebrand to bur . a en es 0 joave Os the pore guid. No even thing. The Goepel is not a Gorpel of peace. It was not meant for peace. And 80 those men are as fy troub ed, and neither did the swine like it whea they bad © run down 4 sleep place into the sea. A strong mau, when he was at by & , did not like to be pe ary Al © Cause of Goa woul x were they tare for God and just! and ‘ity and duty, than those who are eed Picker in this world. War against sin and depravity was the law of the Gorpe!, and if they bad not learned thet, i ‘were woven into spider webs? But those rebuke ajp, nor in any way do what when he'told us to preach the Ky It was time they read their Bibles more and quoted . Then there were too many who agitated the world by their wickedness, constantly throwing into the world the element of agita’ tion. The sensnal man was an agitator; all proud men were agitators; impudent men were agitators; any man who contributes to gin was an agitator, ‘‘for there is no peace, saith my God, to the wicked.’ other hand, who were jaw of purity against wickedness Any man who moves in the he lives is but the mouthpiece for been developed before him. The statesman but spoke the sentimenis of those who have preceded him. The enthusiasts baye been but the tongue of the whole mass E of men that God should move upon in the in which we live. Luther was God’s and Wyckliff and the Puritans of England were not the causes ion of those times; they were only the instruments. In our day Mr. Garrison, Mr. Phillips and Dr. Cheever, were not the agitators; no man was the agitator. He smote Pharaoh, He that clave the sea asunder and took the slaves out of Eevee ‘was the agitator. He who has stood for liberty in was the agitator, and that person it otherwise. was a fool wi we was like the yoice crying in the wilderness to prepare the way, and make the crooked paths straight, ‘‘and then the ransom of the Lord shall return and come to Zion with and everlasting joy upon their heads: they shall obiain joy and gladness, and sor- row and sighing shall flee away.” In our times there were a great many persons very much to be mourned over. For his own part, he declared that he felt more courage now than at S07 other period of bis ministry among them. In 1840 he first began to move in and to be moved by public matters. From 1835 to 1850 it seemed as if a great deal of ress had becn made. Tn 1860 fell the dragon that with his tail struck #0 many stare out of the heavens. Then there was a period of two years in which he felt that the cause he «ivocated would be victorious, but not in his day. It seemed to him as if the influence of public affairs and men was such that slavery was to pass over this continent first and be destroyed afterwards. There was not power of conscience enough then to produce a reaction. Now, however, there was w prodigious reaction. Now that men have ragingon one side and rejoicing on the other; now that there was conscience, because men were firm and just; now that there was an evidence of profound sen- sibility—that was a token of life, and he kuew that God was cleansing the world. ‘He shall sit as a refiner and as a purifier of silver;”’ and when a refiner sits he puts the vessel in the fire and watches that only the pure gold shal! come out from all the droge, And now that the flames were hot, Mr. Beecher said he took: for He that was higher than the highest aad mightier than the was announced that ag Friday, the/4th’ of January, 1861, had been appointed by the President and the Go: vernor as a day of general humiliation and er, ser- vice would be held in Mr, Beecher’s church on the morning of that day at eleven o'clock. INDIANA. ¥RATERNIZATION OF INDIANA AND KENTUCKY. ‘The Louisville papers state that a of volun- teers has been formed in the lower part of Indiana, who have tendered their services to the people of Kentucky, should any slave insurrection occur. Population of the Cities of the United States. ‘The following table shows the SS of thiety-four of the principal cities in the Unit , by the census of 1860; also the population in 1850, the actual increase from 1850 to 1860, and the figures for the census of 1! sonrees, and may be slightly parte, though it is probable that t! rect centage of increase. ‘The are obtained from various by the official re- are generally cor- Actual Increase 2 he 1850. 1860, increase. per cent. New York.. $15,647 = 814,277 = 298,730 58 408 568,034 159, asseenaye 3 Detroit... Milwaukee Glevelan: Charleston, S.C Troy és New Haven Richmond Lowell Jersey City Cambridge Roxbury... 4.0.45 18,964 Charlestown, Moss. 17,216 Worcester... 17,049 Nashville, Tenn 10,166 ‘ 20, New Bedford LON Dayton, Ohio. 10,977 City Intelligence. Dire ty Srnive Srumer. About six o'clock Saturday night a Gre broke out on the side of the three story building in the rear of No. 149 Spring street, occupied by Nicholas Dempsey and others for manufacturing purposes. The firemen quickly extinguished the fire, which was, ed by a defect in the chimney flue. The build- by William Skidmore, and is damaged about The damage dope to the occupants was o $50; intured slight Fone wy Sunes Laser —The alarm of Gre for the Seventh district at balf-past eight o'clock on Saturday night originated from No. 72 Maiden lane, caused by the diseo- very of a fire in the ball of the building on the third floor, evidentty the work of an incendiary. insurance pa- trol wateh, under Laptain Waterbury, extinguished the tre before any damage of account was done. Fire oy Cuammnns Sreeer.—White thegpelle were ringing for the Seventh district a fire was discovered on the third floor of the building No. 164 Chambers street, in the premise? oceupied by Morjie & Wix, dowlers im indies belts avd tailors’ Part of the third floor is algo coenpied Dy Tiere yer, importer and commission hierchant. The lire originated among Mr. Meyer's 3 The Gremen » in checking the fire before it ad toany extent. The damage to the stock of J. Meyer and Morjie & Wix by fire and water will amount inured. There are some oir- to About $2,000; said to be cumstances connected with the fire which are tous, The Fire Marshal bas the matter under im jon. ‘The building is owned by Mr. Mellie, [t i damaged about $300. Insured, Personal Intelligence. © Brigpoil, Ferri and Sasini, from Philadeiphis, are at the Everett House. CN. Turnbull, of the United States Army, N. K. Fair banks, of Chicago; H. Fairbanks, of and N Hooper of Boston, are stopping at the Brevoort House. Col. C1 Lea ag: Ne Rev. C. Aap aod ly. of Hany ae ise and wife, of Elmira; sa och of Obtaecttout, and BB Bradiey and wife ‘of New York, are stopping at the Lafarge House, © Verin and wife, of Philadelphia; E. Darroy and family. of New Brunswick: E. W. . of Boston ®. B. Hii and J. B Minturn. of Many; 0. A. Morse, of Ty Valley. and FL. Wright, of Utica, are stopping at the St. Denis Hotel Dr. Cummings, of Maine; Capt. Simonsou and wife, Liverpool, Major Watrous, of Minnesota; H. Faraum and J. F. Traey, of Chieago; William Hale, of Detroit; J. F Yeatman and |. & Parsou: 6f St. Louis, are stopping at the St. Nichoins Hotel. bY C. degerra, Perowaa aw eS =, Tappan, of the Usiverett ’ \; George T. ant family of Weepehecter, J. © Walsh aud family, of Rye: William ©. 2 Ant ood Mee. Bryant, of New York, ené Lewis Booedics, Jr., a Albany, ore stopping at the Carendoa Ho George C. Css of Detroit: 1. A. Sykes, of Round ‘rarleston, S.C; J. W. Stnith, of jout; ton CD Owes " of B domes RB Cysouna, of Indiens EW. Stone, of Kamsas, and FB Chsaret, of New York, are stopping at the Metropoiitan Hon AB Ww .burne, of Titinols, Lieot. Williams, of he United Sate: \rmyg@. K. Wi , of West Poing; ©. ¥ Dowd sad Tigh, of Nor@ Carolina; J 3 Stewart ton; 4. Knox, of Cresfent, N. ert, of Aibaoy’ and P. Dew, of Silwaak: stopping st tb: Fifth Awenue Hotel Capt Engi of tae United Staten Neve, F. Stanly, of the United Stover Navy; Major Rrice, of the United states Arty: Dro Ro nctken, of Tenseees, ate stopping 1 Williaed’s Hotel, Waehwgton. J A. Andrew, Eaq., the Governer olvet of Maesacho setts has arrived bone (roa Washington. Mis Harriet Beweher Stowe ts pending the winter at Audiover, Mast , engaged in writing © cow romance, to be cated © The Pearl of Orr's leant. @heory of tre Const of Maus Senator Wilson, of Maaeathus@its, kes eter ced to Wash- ington Americans registered at the offce of Mervette, Kane A (Co No 8 ploce de la Bourse, Paris, ap to December 6— Mr. A. Dowing and fat Mies Margaret Myers, Misses Anni and Gussie Hoy Gol. ©. Carroll Het Moore, New York; W. BL Reynolds Andrew. Rochester tne Ie aso Truman crw — We are gratriod to state that Avie ceterprige, 80 long protracted, if wow shout to be Pnihed. The wire, we are told, mw alt from Thente + Pemt to Greewpert sad the batteries fe are are For the week Previously reported arranged. Mr. E. A. Bowditch, of Shelte; Telad, a ht operator, is to have charge at this end until he can instruct young Barton D, Skinner, (son of Dr. ©. E. D, fkinner), who will. thea be operaior for Greek... ‘The office at the W; advan. tage was taken of lay the cable day across the bay to Sheltor Islan¢, which waz done at slack water, the wire being coiled on & ree! irmly seton @ framework of timber in the centre of a sow boat, and paid out astern, its weight cougicg it to suk with due velocity. The line will be completed as (ar as at present contem in a short time.— (Greenport (L. 1.) Wakhman, Dec. 20. Immigration for the Year 1°60. Tho following statement shows the number of grants landed wt Castle Garden for the y cember 29, 1860:— ey Feb. March. A 736 1.778 3,713 5,627 227 1,838 1,200 6,370 3,037 231 “TNL 8822840 1,215 33 98 «672 («172 kG 0 10 56 19 (167 | 238 6 410 8488 253 83 a. 2 Se Bry Ed 3913. 56 39 205 237 6 863 3 nn 6 19 - - = ry 3 at -—- 3 4 = i 4 ‘a 9 4 69 (304 8B 3 ay 45 Ba - - - ~ 8 - 4 2 13 6 6 2 Mm 62 1B 61 = oe, i - 9 6 — 41 2 1 7 2 9 5 16 6 : ae 1 6 4 oe 3s 1 3 4 2 So aie 2 1 1 = 2—- — i 8 1 sae 3 7 4 4 ee: ee 3 - pos fips 1 - - Tolal........2)146 1,411 4,139 6,022 23,449 12,103 Jul Oct. N Dee. Teor, ly. . vou. . Fear. tom Pec 2,691 8,433 "907 46, 916 3,915 4,658 3.530 192 13,244 «(908 «1,152 16l ‘150 3S 16h 2 14 70 50 175-126 «198205 36025 9 3% : 131 738) 10108 7 43 «18 118 1 - 5 3 2 7 nom 4% 4 8 6 pri 39 x 10 30 32 1868 2 7 _ = 2 ot 2 5 4 4 1 8 9 8 10 1 1 1 5 3 6 —- = 3 22 9 5 8 4 4 2 2 2 2 are 1 oe Sul nn 3 = - - - - = 4 6 o—- — — = = 13 n 6 n 5 ol - =- - = = = 4 = PET EN gE A | 2 oo Boi ee we on i 2 ‘Total...11,216 10,802 10,086 8,951 10,195 9,004 103,021 DESTINATION OF BOOGRANTS. Of the number of passengers arrived, about 44,000 have avowed their intention to locate in New York, 14,000 in Pennslvania and New Jersey, 12,000 in New England, ‘and 4,000 in the States. To Ohio, Indiana, 1ui nois, Michigan, W! , Towa, Slinnesota and Califor. nia, 0,000; Maan, Nebraska, Now Mexico, Canada, &c., MONFYS BROUGHT BY NONGRANTS. For a few years past uo regular record has been kept of the amount of moneys that immigrants have bro Et into the country; but sliowing $76 per capita, which is a fair , it will be seen from the following table that Sosa ee ea bar contributed as follows: ao 860,336 39,506 61 484 111,720 1252 1 BoBEE +1 -}-} Bae Hse BEBE RANTS POR THE PAST TEN YRARS. 1856. FINANCIAL AND COMMERCIAL. Sunpay, Dec, 30, 1860. The year will close on a very quiet commet world. The imports last week, though large in com- parison with previous weeks, were less than those of the corresponding week OF GACH OF LAC TWO previ ous years; the exports of produce large, as usual. It is evident that the produce exports from this port for the year 1860 will exceed #102,500,000—a noble amount, If the present political trouble goes on, we shall next spring ship a good dea! of cotton from New York, as the movement of cotvon by rail through the interior will be stimulated by the difficulties at the ports and the unsettled ac counts between planters and factors. The fol- lowing are the comparative Custom House tables ofthe trade of the port for the week and «ince Janvary 1:— Iuronte. For the Week, 1858, 1809. 1860. Dry goods......... $2,421681 2,997,224 1,869,381 General merch’dise. 1,829,006 2,488,486 © 2,225,364 —_—s Total for the week $4,250,647 6,426,170 4,002,735 Previously reported.143,401,234 227,803,639 219,952,836 Since Jan. 1..... $147,051,881 233,220,709 224,045,571 Exrorrs oF PRODUCE AND MiancHanpise. 1868. 1809. 1860. $1,101, 1,008,057 2,658, Soisor'ase @olertiene olov ent Since Jan 1... ,$00,690,794 66,775,605 100,086,000 Exports or Srrcir. 1868. 1859 1360. For the week...... $731,606 152,512 — Previously reported 25,555,200 69,800,088 43,368 428 Sitee-Jamst.-...990,986,706 @0.A13.000, 48-s00re= The banks reserve of verre show an in- erent (O-Blorrow. The last statement showed a specie reserve of $20,326,970, which was consi- derably less than the banks really held. Since then about $1,600,000 have been received froi England, and $1,225,000 from California. The pie logs has been the movement to the South, which is probably less than $750,000 a week. People therefore look for a handsome increase in the specie return to-morrow. It is pretty evident that by the ist of Februtry our banks will hold $30,000,000 in gold. California is shipping every dollar she can spare; the steamer due this week bas nearly a million aod a half on board; and the receipts of bullion from Europe must continue to be large. Though the exchange market showed more signs of firmmpes at the close of last week, cffrrent rates leave a fair margin for profit on the importation of gold; and, with occasional excep- tions, every European steamer which agrives here during the enening month will probably bring ue some builion. It is likely that our shipments to the Sonth can increase materially. The New Orleans banks are already in a position of unesual strength, and to other Southern States tie suspen sion of specie payments prevents any inquiry for specie. Besides, the gold we have sent South ix already finding its West, where it goes way back to us through the from the South payment for corn and provisions. Since the suspension of the Southern banks. the West dec! sell ite food except for gold, aad dealers aad rs are taking the coin in bags to the Upper make their purchase an ‘This state of things will enable cur_bauks to live up to the resolution of 2ist uit.. in regard to their condition after let February. It will be re- membered that, in agreeing te divcownt on the basis of bills receivalle, and to pat their coin into a common fund, the banks covensated with each other that they would not admit to the Clearing House any bank which, after February 1, i901, held Jess than 25 per cent of its net liabilities in coin. We understand that the necossity of preparing for thie change is inducing some banks to curtail their discoumtm, and that there is some talk of postpon- ing the movement say til! Ist April. ft is hardly likely that thts will be necesaary, By Let Pebraa- ry, in all probability, a we said, the banks will hold thirty millions in gold. This, under the new rule, would represent ti ties equal to 120,000,000. Barely the banks do wot expect to owe more than this. The depouiie last week, add 62 to the circulation, only amonnted to about | posal, by private tale, in this city, of as many ‘Treasury notes as need be sold, at the lowest rate of interest at which people will take them. This is the commom sense way of raising money, and the government may rely upon it ‘that it is the surest and the best for the public credit. Such an actas is needed might be introduced into Con- gress and passed in three or four days—considera- bly lees time than it will require to call for bids and make fresh awards under the existing act. There should be no mistaking this matter at Washington. ‘The public credit has been shaken by the administra tion of Mr. Cobb and the proclamation of the right of secession ; but it only need: a little: firmness on the part of the goverument to restore it. The country is fall of money; and if the financial policy of the government be directed with the same tact used by individuals in ihe prosecution of their pri- vate business, it can still borrow as much muney as it needs at @ moderate rate of interest. The whole debt of the United States !s only about as much as the State debts of Ohio and New York; a financial Secretary like Mr. Guthrie could, even | ifthe political horizon becomes much gloomier than it is, borrow @ hmmdred millions without pay- ing any extravagant shaves. The parties to the bid sent in by the Bank of Commerce, of this city, were as follows: $94,000,000. The loans stood at $12,152,299, an increace ot $412,127 from the week previous. ‘Tie money warket is Working more s@.isfactori- dy, and the indications are that in ashort time the street will begin to reliéve the banks of the pressure for discounts which now embarrasses them, Yesterday there was some paper sold at 40 per cent. Of course thie was the very choicest gilt-edged. The demand for very good paper at 12 is in excess of the supply, Second class pa- per continues extremely hard of sale. Coafidence has hardly begun to recover; business is 80 stag- nant, and the decline in all kinds of merchandise 80 great, that few people care abdut trusting their neighbor. As money accumulates, however, and the wants of consumers cause an advance in the price of merchandise, it must be expected thai the dis- count market will improve, and that ‘private capi- talists will become bolder in their purchases. The indications are unmistakable that we are going to witness a plethora of money here similar to that which was seen in the spring and summer of 1858. In the event of civil war, or of a condition of things tending to war, people from all parts of the coun- ty will invest part of their money here. Our New York stocks will: become to America what the Bri- tish fands are to Furope—an undoubted security, cafe under all emergencies, and the favorite invest- ment of men of means/in all parts of the country. Already we learn that some Southerners in the Gulf States are purchasing New York stocks; letters from that section say that more money would be remitted for this purpose were it not for the impossibility of realizing land, negroes or other property at the present time. New York State stocks, awarded last week at 10134, are in demand at 103; Brooklyn Sixes at 103%. The foreign exchange market closed yesterday with moro firmness, but no great demand. Bank- ers are asking 10434105; they are buying mer- cantile bills at 103 104. The futare of the ex- change warket is the subject of much speculation among merchants and bankers. On the one hand it is said that our importations are going to be so light that there will be no demapd for bills, and that the balance of trade is going to remain in our favor for some time tocome. On the other hand it is urged that the decline in our shipmente of produce from this port, and in our cotton ex-"| ports generally—600,000 bales, as compared with last year—must diminish the supply of bills and tend to restore the balance of trade to its old po- sition. However this may be, there is at pre- sent no great prospect of an improvement Havana and Nassau, for favors, was owed ln lanapton Reade hour. ‘She will be taken to Balsimons te Sur -A large ny ‘ ~ ashore in Gaspar Straits Oct Sees Bark George Warren, 387 tons, has been 4 for $15,000. : tab! seen of "Net ork Bion, Ealing, Wi Invent seoocints fron each of cc por Wm. Whiiewricht, Joe. Sam CITY COMMERCIAL REPORT. Sarurpay, Dez. 20—6 P. M. Asnms.—The market was quiet and Bales limited, at 420. for pots, snd at Se. for pearis. Dreaperores,—Flour—The market was firm, but owing to the upward tendency ih freights sales were confined to Dbi:., closing within the following range of is a lens of the fo apparatus the syst f Fy h fixed Nght ne sree of ‘reanel, s! rity NS oO from the deck of a vessel (10 feet above the » oe eee hE S SSSRSSESR in bills. The English, it is duc to them to 3 remark, have thus far stood the unex> limited, pected call upon them for gold with admirable $7 25 coolness. It is true that they did not, at latest ‘too dates, fully realize the serious nature and perma- nent character of our erisis. But it speaks well for their commercial sagacity that they should m have sent us $8,000,000 of gold without getting frightened, or even raising the rate of interest. {The transac: The following table will show the course of the oega 2s for ailwaices Shute ye ‘went stock market for the past week and month;— at 70. Barley Dee. 1. Dec. 8. Doc. 15. Dec, 22. Dee, 2. ae Missouri 6's. 70 63 09% 6! ‘were made at Re TR Corn was firm ~ 3s Sexe > sales of about | lon 6432. z 455 403548 for, anor! | awor, ont 25in pect saat menos weston, | 26° ak 72e. for round | HAN n Oot ike ceo a’ aoe Hota ad aor rag H 46 2 soe ig Ut gt na aie ae for st 88% 4348 un Pacific Mail .. wx 9 81 sai The stock market is in a sluggish state—little or bang and sare no business doing. There are no stocks in the Oct Torrent, street, no orders to buy, and none to sell. Every- nies, te ae 4 body is waiting to see what turn events are goiy r i sven) “ to take. People have become 4 little tired rs Seda were equa S ror ¥ Vulture, ii bombay’ 358) Sancho } . panics, and the most startling intelligence congue | for inl Be t ™ Alice does not affect the market more than an | go ce eae ae eer tonal tan a ae eighth or a quarter, By-and-by we may witness | waseeling at S03g0. a 2te. for Se sales tor | another lurch downward, if political affairs con- moan. Nipbincdeensndsbaninssndte 7 : tinne gloomy; or a start upward, if they can be | Fie’ —The morket was dull, and prices for both dry cod settled on a satisfactory basis; but in the meantime | S24 mackeral were nomivak | No, 1 and scaled smoked fr. herring were selling at 220. a 14e. Grysy Crom was nominal for standard at 9c. Hay —Sinee the cloting of navigation on the North river receipts have fallen off, and the supplies being reduced wrices were firmer, and sales for ship foe. 2 95e., and for city use a 1 Hor —The mark copfid, being a forced sale, and within two or three days at 22. a 25c. . average prices for new were within’ the range of 25c. S0e. Choice lots were held at 35¢. a mipel Trox.—There wes little Scotch pig, sad within a day Teported sold at $17 cash, 0 50 a $21, six the prospect is that the market will remain dull, The most interesting question just now on the Stock Exchange concerns State stocks. When the recent robbery of $870,000 worth of Virginias, Ten- nessees, Missonris and North Carolinas came to light, it appeared that every one, or almost every one, in the street held eome of the stolen bonds, Haste was made to consult leading lawyers on the question, and they were naturally of the opinion that the government had no claim for the bonds against an innocent holder, If the lawyers had been of a different opinion there could have been no lawsuit on the matter. Meanwhile the govern- ment advertised its bonds, and gave out simply that it would reclaim them wherever it could find them. It has already carried that intention into effect by obtaining injunctions again-t various par- 1 lhitameoa, Oct 251m port shine Mo ties who are supposed to hold or to have held these Kong, art Oct iat ie Peery c bonds. It will next proceed to enjoindle various | © ‘ ~ fener ape ‘ States which have issued them not to pay Keone fr shanghae Ly a Oo 1 the interest to the holdors of the stolen bonds, Several correspondents write us letters on this subject quoting decisions in favor of innocent hold- ers of stolen bonds. The government has, we un- derstand, a whole raft of decisions the other way. There can be no question but the case of an inno- cent holder of these bonds is an extremely hard one. But the Nt, AS A Ganew~menomsy our ae ccmiy one CanOREs of a trast fond, has no business to entertain considerations of tenderness or sympathy for individuals. If it logal coun- sellore advise that itis entitled to recover tts stolen property, it must do so without regard to the in- dividual suffering it may cause, And we have the best reason for believing that it has been go'ad- vised. The advice may be unsound; but the government is not likely to admit the fact until several courts have so decided it. The worst fea- ture of the case is the unee which still exists as to the extent of the robbery. Several corres- pondents allege that other bonds besides those enumerated in the list published by the Depart. ment have been stolen. It is said that bonds held by this Trost fund were stolen gnd sold as long since as under the administration of Mr. Fillmore And the misfortune is that Mr. Thompson's ma- nagement of the busingss bas been euch that no disclaimer or denial he may publish would carry the least weight with the public, As the case stands, and until a thorough examination las been made by persons not involved in the delinquencies of the past, no holder of a State bond ean feel per- fectly sure that it is wosth anything. We learn by telegraph from Washington that the new Secretary of the Treasury has rejected a!) bide for Treasury notes at over twelve per cent in- terest. It does not clearly appear, from the terms of the law or the official notice, that he had any right to reject bids on the ground of the rate of interest demanded; the public, however, have very little sympathy for the modest parties ¥ho asked 25 a 30 per cent per annum for their money and we presame the matter will rest here. The government has thus sacceeded in obtaining rather over $1,900,000 of the $5,000,000 required—enongh to pay the interest on the public debt due 1+ Jaonory, bat not enough to meet the Treasury notes matoring and about to mature. No time should now be lost by Mr. Thonias in obtaining money enough to prevent a protest of these notes. It is well known here that, had the new ‘Treasury Note act been judiciously framed, the whole $5,000,000 offered for sale on the 28th might have been disposed of hore at about 7 per cent ‘The negotiation failed throngh the clamsy pro sions of the act, and the ine: of the new Secretary of the Treasury. We understand that « new notice will shortly appear calling for more bids, and that in the meantime an effort will be made here to make ap a purse for the oo amonnt, at some given rate of interest. A better plane till would be for Congress to. repen! the | Mkt Mer colt to We fram New new act, and to pass another anthoriaing |’ Poe ros 9675; and others as before. Eee see aia ut Seca Wee 2 i : i i Hy #] i u Tat tar aan 13—H Piletti, fr from? ao, age to “16th, supp tr wc FAMTICO, A “Eagbea ie erage * $ MMOs ROADS Dee & ten set te Lowden) Mary A Forres cagh, with 40,000 Tbe. city ex Winsxey was firm, with salee of 19K. SHIPPING NEWS. Port of New York, December 30, 1960. (Se st foro tier, Havana, Dec #2 and to E Culler. NE gees, 2h i. showing & Norfolk, Ate, to budiam & pty ip bound N (wind NE). ua Course Bet (provaldly the Wiaged aria, Aug 26, if. a Stag: news . ond Hope vor a wih fron he, To days Not Waticegn, w 1M hen} cpl, Doe tt, with a U9. net nat sas jumbie hence fo Liverpook mamas, Laverpod, B days fF xpetensed very tenvp Xa Sie ‘ evn ‘Bock days Sid Border ; Bribe ‘ream Callao), NY: mee NEW BEDFORD, Dee 28—Arr sehr & Wareham for Bt se se eta, Coanapie B wae Dee SM solr Harmonia, MAE PHILADELP SIA, Doe 2 0 MD — Are Old weber i one Wind during the day NE to E, with rain. for Now York. Vater Amerione gack ba’ Sen cayen ced pear