The New York Herald Newspaper, January 16, 1861, Page 2

‘ 2 ARRIVAL OF THE BREMEN. OME DAY LATER FROM EUROPE. Extensive Warlike Prepara- tions on the Continent. AUSTRIA DETERMINED TO HOLD VENETIA Rumored Withdrawal of the French Fleet from Before Gacta. AUSTRIAN CONCESSIONS TO HUNGARY Loss of the A:aerican Ship Star and Part of Her Crew. &e., &c., &e. ‘The steamship Bremen, from Southampton Decomber 81, arrived at this port yesterday afternoon. ‘Tho Queen, with Princess Alice, went out sleigh riding ‘on December 29. ‘The iron cased frigate Warrior, the largest man-of-war ever built, and by more than 1,500 tons the largest ves: sel in the world, after the Groat Eastern, was safely ‘aunched into the river on Saturday. Sir John Packing- n himself named the ship. ‘he Prince de Joinville, with several members of his ‘ly, are now making sojourn at Poole, address, signed by 5,000 inhabitants of Glasgow, iplimenting Lord John Russell for his conduct on the lian question, has been presented. the prize money taken at the Emperor's summer palace amounts to about £23 000, and is made up of £14,000 in | silver, which the French banded over as the British | share, and £9,000 realized in the salo by auction of arti- cles taken by British officers. General Montauban is said to have realized $50,000 as his share. The London Daily News say Some idea may be formed of the value of hops in this country from the fact that the owners of tho Saxenia paid ‘the expense of sending the Hamburg mails and a large number of passengers from Cowes to Hamburg, in order to convey acargo of American hops to London. The Saxo- Bia proceedea on to London instead of to Hamburg. ‘The Queen will purchase tho property of Glengarry for the Prince of Wales. ‘Tho estate belongs to Mr. E. Ellice, MP, ‘The Paris correspondent of the London Herald says:— Tam informed that negotiations are still being attempt- ed for the sale of Venet They are, according to pri- vate letters from a well med source at Vienna, mere waste of time. The Austrian government, it ts moreover stated, has sent a note to Paris and London, intimating that she will only give up Venetia when driven out of the quadrilateral by force of arms. We may, therefore, con- sider war in tho spring as inevitable. According to pri- ‘vate letters from Berlin, one hundred and twenty rifled are being mado for the Austrian government. One If of the order is to be completed and delivered by the 16th of January, and the remainder by the Ist of March. ‘The following notification appears in the Austrian Ga aette:— Several journals in speaking of the sale of Venetia have stated that either Mr. Cobden or Lord Cowley is to come ‘to Vienna to complete the affair. We can state in the most positive manner that those assertions are com- etely unfounded. Independently of the appointment of Cobden for such a negotiation being quite absurd, the invention which attributes the mission to Lord Cow: ley ig not more happy. It would be contrary to all diplo- matic usages that Mngland, at the moment when she baa accredited an ambassador at Vienna in the person of Bloomfield, should at the same moment send a nego- tiator ad hoe to compromise Der new representative. He- gides, the result of Lord Cowley’s mission in 1869 was not of a nature to encourage a fresh attempt of the kind. ‘The Saxonia arrived at Cowes on December 30. The Bridgewater, from New York, grounded off Bramley Moore dock, Liverpool, Decembor 29, while docking. The Hopes and Opinions in Eng! ‘corning the American Crisis. [from London Times, De J In the absence of p litical excitement general intorest waa felt in the successful visit of the Princo of Wales to North Amer.ca. the loyalty which is founded at home ‘on custom and on conviction seems to be idealizod into a stronger personal feeling in the remote possessions of the crown. Tho inhabitants of the colonies received the Prince witb a welcome but slightly interrupted by tho obstinate perversity of the Orangemen in Upper Canada, The Duke of Neweustle, by bis steady refusal to sano. tion party demonstrations, conveyed @ valuable lesson Doth to the obstrusive faction and to’ thoir local oppo- It is the privilege of royalty, standing apart from internal dissensions, to represent the impartial unity of the State, and the corresponding defect is constantly observed in republics when the chief of the Exeoutive is leader of a dominant majority. ‘The general nor of the colouiats to their young and brilliant | quest was marked by perfect good taste as weil as b: genuine cordiakty, aud Englishmen might reflect witl satisfaction that in the wide expapse of British America po sound of applause was olther suggested by servile bopes and foars or prompt-4 by official interference. Freemen alone have it in their po to offer hospitality 0 princes, because they can withhold it at their pleasure. r opetey the Queen had not deserved and com manded universal respect, pot a town in Canada would have troubled itself with an affectation of goo:iwill to her reprosentative aud heir. The ovation which was awarded to the Prince of Wales in ail parts of the United States was atill more satisfactory and remarkab| Bative or evea favciful fevliag which causes Amori caus to feel an interest in the royal family of England is not the less stroug because it is wholly unconnected with political relations. A republican who never eon Ceived the possibility of living under a monarchy fools himself at liberty to admire without scruplo the highest impersonation of fortune and of historic greatness wisich The great qualities belongs to his blood and language. w we left the present reign unstained by even a Personal crror, have confirmed the di ¢ Amori- cans, and especially of American the Guoen of Hngland tho social abet of their r youth of the Prince, the grace of his mani judgment which ho displaye: to sustain the enthusiasm which his name and parontago. It cin Wishod at Las uniform try. It is the duty of Englichmen heartily to to reciprocate an opportune and generous ov: interchange of good wishes may commence wit cor. The consequences which have imme the election of a repubnuean Presuent have probably taken the South a# well as the North by surprise. threats of seccenion had been so habitually used th: wore generally classed. among the 1 American party wa: affectation both in the Crate and im the cbstinate inered cans; but it wee only in Soath Car two adjacent States tint thi finisier foreb lings of the y of the rv na and tao of the Uni seriously pated ly formed a small self; but hey hav woken the pro-Flovery autly + a similar oe ities are plexed by their triumph, and their democratic oppo nents #06 in the unexpected fuldiment of their own Notions the imminent ruia of their party, through scoession of their slaveholling of Mr. Lincoln is in itaelf mance, The President has no in |, nor is it in bia powor to interfore with local ‘The ostensible points in dispate ary jog slaves in the Territories, aud th cuncanstitat nots by whieh fome free States have rendered the Fugitive Slave law inoperative Both ques- tione fie within the competence of the supremo Couft, which has uniforinly interpreted the coustitution tn ar. cordance with the protension# Of the slaveowners ‘Thy Presideat has nO means of tho decivion except by the nomination ges to ya. cancies which may occur on the eral Beneh, bot the Houthern States reseut the discovery « a jority of the entire population is Oppored to the extension of slavery. A reconciliation seems hopeless if the Union is only to be preservod on the conditions suggested by Mr. Buchagan in his Presi- dential message, ‘The New Fngiand States might, per- haps, repeal the laws which they have passed in deflance Of the constitution; but it ie absurd to expect that the republicans will turn their victory into a defeat by ac. 1g the abstract right of property in slaves, or y ing in accordance with the decision of the Su yreme Court in favor of slavery in tho Territories. The of the malutenance or restoration of the Union ‘be derived from m: neral considerations, which Ihave hitherto been obscured by party passions. Tho which meditate seoession have as yet by av means ‘Ue establishment of an inland frontier with and perbaps enemies, on the other aide. wi thoy complain can only be aggravated oation of the hold over thoir confoderatos derive from the constitution and from their the demoorata of the North. Separation every free State into a safe aeylum for fugi- and, if a pmrtition of the Territories is effect. Boothern confederacy wi only obtain the portion Must from pitnation and climate necessarty have to ita share. Mr. Buchanan was right in thinking, faying, that it is impossible to coerce a seceding because Amorican institutions involve no provision the government of a congiered aft unrestricted hitereouree, wil prob ir intercourse, will probably in- We States to devise somo nttuina ‘4 time t# given for megotMtion and reflection. and pe the interest of England, are on continued union. The free commerce which be opened at Charleston or New Orleans would fai! i ile i ‘ RE af Ha % & $ j | to exiat, and that in its | nistie confederacies. | War, no fratr NEW YORK HERALD, WEDNESDAY, JANUARY 16, 186L . to produce cordial relations with a confoderrcy which | is stifl affirmed on excellent authority that would be Hedged to promote the indefiniie extension of slavery, even if it were not tempted te revive the slave (From the London Herald, Deo. 31.) . * . * . . But troubled as is the political horizon of the Old World, the gloomy clouds darkening tbe prospects of tho New rx “ aro Bt} ere th: ace * Sete re ican candidate has brou © people “irrepresalbie flict.” The Southerners, wh. uave #0 long enjoyed po- Aitical supr , are’ furious st their defeat, and resent, pags ra of jon, the simple ex- excise =by the Northorn tes of their con- stitutional rae ‘to vote for t’)» man of their choico, Vir- tually secession has begun, and South Carolina is out of im, a the Union, Before March it i# fully expected oy thinki nen in tho States that the great Union will have cc wo @hall have two antago- Weightier problem than this presented itseif to the political student at auy stago of the world’s history. But whatever may be its imme- diate results, the Codm of slavery, wo believe, is involved in the disruption of tne Union. Tne slave States will never own with their present territory. Checked in thoir northward advance their only chance of ' safety lies in their Southern tendencies, and, supposing to tide over the present crisis, with slavery as a domestic instisution, what will be their fate the anarchy of Mexico or Central Amorica bo engrafted on their institutions? In thig grave quarrel tho thies of Fng!tshmen aro unudonbtedly with the re- publicaus. The English press li for years poiated ont the one damping ‘on the egentchcon of the states, but in vain, But tho South and North aro equally mistaken if they imagine that we bebold with any feelings but ro ond disappointment the spectacle of a great 1 ittering away its atrength in intestine quar to speak, sign ing the death warrant of ita ns eu.ce. ‘The latest news from the States bespeuis a fearful | crisis, and one which wil! surely task all (ho prudence ‘and patriotiem of American statesmen. Lot us hope, at least, that the diasolution of the Union, if it mut take place, may be marked by no abolitionist ‘raids, no servile strife between the Northern and Southern State od ‘)o! ‘he secersion will not convert this once flourishing Union of the Anglo-Saxon race into two jealous and hostile nationalities. * * * * * * But the moet remarkable mutation has boen in con- nection with American stocks and shares. The cir- cumstance of the prolific harvest in the United States, the improved credit of the country, and the prospect great traffic on the principal lines, induced purchasers in the summer; and Minos Ceviral, which were at a heavy discount, rallied first, and the movement then 80 evor- mously extended that all the other stocks and shares a in the rise. New York aud Erie and Now ‘ork Central, and others at mere nominal values, were strongly infigenced, anv the advices from the other 2. lo of the Atlantic indicating speculative activity there, the rise went en from July until September, when the ordivary reaction ensued, whioh has sinco been further stimulated by the dissensions tho result of the Presidential election. It mast, nevertheless, be observed tha the quotations yet supported are extremely satisfactory , considering the former position of these securities, and that the future Prospects of these undertakings are Lot discouraging if reliance can by placed in the official statements tranarnitted from New York, Chicago, &c. A sevore blow to confidence in foreign anc colouial entorpriae has been the financial expose with reference to the Grand Trunk of Canada and Great Western of Canada Railways. Not alone have the sh«reholdere and bondholders been sacrificed through the mizmanagement of these undertakings, but the probability of their ever realizing the sanguine expectations formed of their dividcod capacities coms exceedingly doubtful. Much yet will have to be explained before those iutorcated will be convinced that the Board in Canada have adminis- tered their trust with a proper regard eithor to the con- struction of the works or the arrrngemeat of the Anances. Napoleon's Policy Concerning Venctia. {Correspondence of the London Herald. . ‘Virsxa, Doc. 26, 1960. A growing conviction prevails in the diplomatic world that France, through the secret ramifications of her po- licy, is endeavoring to make, with the aid-of Prussia, the cession of Venetia av Eastern queston, It is evident that | ined. Th* Oridgof | the Interior autt { md the * Rartene * ‘1o8¥ Will also Constitute a superior le compro. | ting | greeted him when ho left the ete tho compensation of territories which she wishes to offor to Austria can only be realised at the expense of Turkey, which it is sought to drive back as far as possible on hor purely Asiatic limits, It is easy to undorstand that Rus- sia will not allow so fine av occasion to escape for uniting to her empire those different portions of torri- tory inbabited by her Greek co-religionists, and which she has go long songht to obtain possesion of. By this partition the ruin of Turkey, whose position is consi- Gored at Paris as no longer tenable, will be completed. The period of 1854 is long passed away, when France and her faithful ally England rallied end’ joined al! their disposable land and sea forces and wade war against tho Emperor Nicholas, in order to support and fortify the Ottoman power against [vesian supremacy and usurpa- tion at Constan:inopie and in the two Danubian proviness. Certainly no person in Kurepe-conld haye thought only a fow years since that France, who fought With ro much recolution against Russia to prevent her from putting her projeots into execution in the East, conld have changed her policy 80 completely as to seek to facilitate the ob- Ject of the present Czar to pareel out and reduce Turkey to a state altogether insignificant and deplorable. It results from this that sinee the question of tho sale of Venetia by means of a sum of mony, or of a ter- ritorial compensation at the expense of the Porte has been 60 much agitated in France, the relations of Austria with Rusia, which bad appeared vory fricadly at Waeraw, bave become singuiarly cool and distant. Tho Cubinet of Vienna bas contrived to penotrate tho secret intrigues of the Court of St. Petersburg for getting adjudged to Austria, instead of Venetia, a portion of the territory of the Porte, in order that by this partition Ruseia might be enabled also to enter into posacasion of those Turkish provinces which she has coveted with moro passion than success up to the present day. It is clear that ths Croatian, Sclavonian and Dalmatian populations resist all idea of & political and admiotstra tive union with Hungary; each of these three peoples wish to preserve their autonomy, and to romain sypa- rato, with power to manage their own internal affaira, ‘The imperial g Mment encourages with ail its power the national and separatist tendencies of the nations of the South, which have always remained faithful, even during the revolution of 1548. The Magyar propaganda has not had the least success in this quarter. Napoleon Ill. and the Eastern Question. (Correspondence to the London Herald.) Vans, Dec. 29, 1960, The great topic of conversation to-day is an ‘incident which took place last night at the Theatre du Cirque Im- perial during the first performance of the “Massseres do Syrie,” a melodraina which, tsough produced under another author's name, is well kuown to be the work of M. Mocquard, the Fmp*ror's Secretary and Chef du Cabi- net. You may ea ily forman idea of the plot—the Drases are represented in the blackest colors, and the Maronites are the very embodiment of peraccuted innoeen-o, the French army are herco, svengers, liberators, ke. There is much expenditure of gunpowder, but glory,” + ereatness”’ and terest aa of Fr: e Rettio everything satisfactorily by the end of the fifth act Tho authorehipof the piece being woll known, and Fmperor having timated his intention to ‘assis atthe first performance, a great number of diplomatists had taken boxes, and the remainter of the audience was made up of Seuators, fuctionaries, journalists, Police eptes and gamins, Lhe Emperor arrived at atout eigh: lock, when the fret act was over, and was loudly applauded on his entrance. The four last acta aro lit rally crammed with allusions to tho “beneficent” influ ence of France, which invariebly brought down the houro, ail urning their eyes on the Exoperor, who looked on with an appearance of grim satis’action, ‘Rut matters came to a climax when, in the middie of the third act, the actor representing Abd-cl-Kader gave ultorames to to the following kentence:-—":The Kastern question eas fnly be solved by the sword of Napoleon TIL."’ The an. Gience rose ina stato of frantic enthusianm, shonting ‘ Vine UBmpereur!” © Vive la Questioned’ Orient!” (!!) His Majesty appeared to appreciale the campliaent, Yor he rove anit advanced to the front of the box, bowing re- peatesly, whilet the mombers of the corps diptomatique looked extremely bine. In Paris to-day this incident was spoken of as a politital manifestation, and at the Bourse particularly it produced « very painful impres sion. Garibaldi in Caprera. Alexandre Dumas, in bis journal, 1’ Independanos, gives us some extraordinary accountsof Gartbaldi, all of which, he says, may de depenied upon as being po fectly true and correct, We subjein the following aneodoie and sketoh of the haro’s home in Caprera.— Itappears when Garibaldi—the hero, tho Genoral, the Dictator—left Naples for his island home, he had but ton Piastres in his pocket, much to the dismay of his 4ecre tary, Passo. On bis arrival at Caprora the first thing that er was a bill from the mason who bad been repairing his house, the amount of which, exceoding the sum of ten piustres, the General could not pay; he wos obliged to confess his powerty, offering the ten piastres in part payment, and asking for timo to collect suflicient money for the remainder of the debt. ‘The mason, vot believing It possible that the Geveral, who bat been Dictator of two kingdoms, had not been able to lay by twenty-two piastros (the amount of hig bill), refused to accept his offer of payment in tho manner he proposed, and cited him to appear at a cortain time before the courts. The case is even now ponding. The description of Garibaldi'’s house and furniture wil, no doubt, interest many of our rowlors. It certainly i& very wnltke the Armidalike palace and gardens which it Was stated had been given him in many of the French and Neapolitan Journals. The house consiste of a grount floor, which coutaine nino rooms, The entrance hall or vostibule serves as the dining room, tothe right of which is the General's own room. It is horribly damp fron having a tank underneath it, and the roof 80 much out of repair as to wimit the rain; but, in spite of theso «disa- greeabier, the General is so fond of his olf room that no power onvarth would induce him to cha it for an- Other. Ite furniture consists of a wooden Besdetoal with twe mattresses, a little wooden table, placed near the bed, covered with a groen cloth; two chesia and a boonkease , with come books on military history iu it, to which aro just about to be added sevon or eight volumes of » Manu al of Horticulture, tHustrated. Over the head of the Go. noral’s bed 4 medallion, which hokla Anita's and A portrait of his danghtor, taken whon she was four years old; another of Vecebi, and an had belonged to his mothor, are the ‘The only animate on the teland seven or eight cows, a bull and some calves. Pond. yes pana ere beg hl ap Toongst his cows & special ite, which came from Fardinia, and which he has named ‘Arnnetts.”’ ‘One can hardly realize it that Garibaldi the conqueror, the liberator of Southern Italy, is one and the same man ron ess we small farmer of Captera, living in a 0 of bxury mae ao conceivable in these our days France, P. } Tho Momttowe publishes reaotution bt tee AMfaimere OF — the Direotors General of his de- nt to give decisions on aitairs of minor importance. council for delibera- or all important questions, This council will aa- semble twied 4 Week. The London Time” Paris correspondent aays:—The Fm- has caused the ma‘ter of Count Lad Teleki to taken up in manger that 4088 mui 5TOMt oredit, It was at Dresden on no political business, [le arrest and betrayal into the hands of the Austrian police was not Sire cuttoge vn Meamnanity, Us Regrunt violation of ‘jus It ts said to be the intention of Count togrant Hodhesls for which Permission for the publication of all & demand has teen uddressd to ie it eince he assumed the direction. Italy. King ‘Vickie Raiamuel sevived Sodlereay or Anes 4 a Noona, H ts expected here on Monday. : ‘the confirma the news of the departure of the Queen of Naples from Gagla, and gaye that for some time past Francia II. has gone on a Spanish vessel ee ore, and returned the following moruing to ae ‘The report that Farini bad tendered his resignation a3 Lieutenant of the King at Naples is premature 4 é ‘Tun, Doo. 30, 1260. acoompanied by , and the Ministers, who went to meet him Hs Majesty was received by the municipality. The ‘Nattonal Guards were under arms. An immense crowd cheered his Majesty. The city was illuminated. ‘aPuas, Deo. 28, 1969. It is asserted that the French fleet had loft Gaeta. The Italian shipa-of-war are provecedig towards Gaeta. ABTA, Deo. 26, 1960. Notwithstanding the rain and snow, the bombardment continues with great Ae some of the shells resohing the most remote part of the city. Several inhabitants atse caicers of the royal troops have presented an ad. ‘The officers 10) ‘7O 5 dress to Francis IL, promising to be faithful to his * Rome, Deo. 29, 1860. ‘The party in favor of the annexation of Romo to Sar- dinia assembled at the Gathedral of St. Peter on tho 234, and made a demonstration. ® Austria. View, Doc. 29, 1860. ‘The Ost Deutsche Post of to day says:—According to re- Mable jpformation, Count Rechberg has tendered bis resi nation, whieh, however, has vot yet been definitely ted. Wanderer says:—Tt 1s positively asserted in high political circles that the govornmont haa already agrecd s the incorporation of the Servian Woiwodschaft with jungery. The Austrian Gazette says;—Count Monsdorff will be ap- ene Miniater for Foreign Affeirs, and Baron Schmor- ling President of the Council of Ministers. The official Wiener Zeitung contains the intment of M. Mazuranic as President of the Provisional Court Dic- astorium, which is to bo re-cstablished for Croatia and Hungary. Hungary. . Pest, Dec. 29, 1960. According to official information an imperial resolution was taken yesterday sanotioning the unconditional incor- poration of the Wolwodina with Hungary. Pustu, Dec. 30, 1860. Tt was in consequence of the claims of the Hungarians that the Emperor decided on sanctioning the incorpors- tien of tho Woiwodina and the Banat with Hungary. Tho claims of the Servian nationality are to be brought for- ward by the Servian deputation, whose proposals will bo submitied to the next Diet in the form of royal propo- sitions. Anan, Deo, 29, 1860. On the occasion of the assembling of ' the congregation of the Arad Comitat, this city was splendidly illumihated. ‘Tho congregation continues ita sittings to-day. The num- ber of members composing the Committee of the Comitat has been increased to ly 760. The Monster Iron Cased Frigate Warrior, DESCHIPTION OF THE SHIP-—HER POWERS OF RESIST: ANCE—EXPERIMENTS WITH A NINETY-POUNDER— THE LA GLOIRE, ETO., FTO. [from the London Times, Dec. 31] ‘This formidable iron cased figate, the jaryest man-of- war ever built, and more than 1,600 tons Jarger than the largest veesel in tho world after the Great Eastern, was safely launched into the river on Saturday. Tho launch of one vessel is like the launch of every other—the same first steady and then hurried rush into ‘the native ele- ment,” and it ia finished. The Warrior waa not to offer any very peculiar feature in hor firct taking to tho water, but, hevertheless, the ceremony seemed to ex- cite unuaval interest, und so, in spite of the intense cold and thick rnow which lay over everything, the yard of tho Thames Shipbuilding Company was crowded with many hundreds of ladies and gentlemen anxious to soe the first start of this invulnerable frigate. At one time it seemed extremely probable that all theee anxious apeo- tators would be disappointed of tho expected ceremony, for the Warrior not only did not go off the slip at once, but waa onlg got to move at all after some delay, and the exertion of all sorts of compuisiov. ir John Pakington himself named the ship, the first time, we be- lieve, since the taunch of the Thandaror, that that core. mony has ever been performed to a man-of-war excopt by a lady. The vessel was duly named and told to go to its element, but this the Warrior seemed most reluctant todo, The intense frost of the previous night had, in fact, frozen her down to the “ways”? ao firinly that no- thing would move her. Hydraulic presses, which are always kept fixed and ready in case of such contrctemps, were worked and pumped to the utmost they would bear, a heavy gun was fired on her upper deck to start’ her by covoussion, but in vain; she only moved slowly for a few inches, when the 'frozon grease on the elips brought her up again fast as evor. The tide was at its height, and it was evident that if she did not start in a few minutes she could not bo lwunched until the next spring tides, A hawser was made fast to a powerful tug, huncreds of hammers made the ways vibrate, while the menon board ran from 10 side to start Her, but all to no purpose, At lust two othor tugs came to the assistance of the first, and fortonately their united efforts were successful. Warrior moved, f little slowl;, then stopped, then started again, and. gaining momentuin as rhe descended, slid rapidly ‘down into the water, aud was safely afloat jase as tho tide be wan to fall, Or ecuréo, in her present extromoly light draught of water, it is difficult to ju: how she will ap; when ought down to her ised | As far, however, as can seen, she will, when finished, be one of tho uperb, and from her one bf tho Nghtest looking frigates in the world. When in ing trim, her main dock portsills will be about wight and” one-ualf feet from the water, and in this respect she possesses an immense advantage over ber French rival La Gloire, whose ports are only five foet nine inches—much too near the water to make her guns of any use in ase. way. In point of speedy also, the Warrior will prob: unrivalled even by that wonderfully fast frigute the Ariadne, or hor sister the Galatea. Among other iinprovements the War. rior wil inaugurate is one which has boon moat urgently veeded for year8—an improvement on the cumbrous and awkwark ehip’s gun carriage. ‘Those which will be fur- 4d to her have the siands fixed, the gun running ia a slide, witha pivot for » gun fore or placed about the utre of the gun. The advantage of this is that it will allow the preeomt wide portholes to be reduced to half their width, without at all interfering with the range of the gun fore and aft. Thos the portholes of the Warrior will be thre n inches high, and only two wis, insteat of fcur— ction which, of course, diminishes by one: half the chance of a shot or shell entering the apertare. Fo. the space of nearly two feet, aso, all round the porta, the armor plates aro seven Inches thick ingtead of four and a half. ‘The result of the experiments made by Mr, Whitworth with his ninety-por 4 fiat headed shot against the iron sites of Teusty, ehowod that under favorab'e to stoadinces of shi an! point blank range he could » the projectile through one eide of a four-ineh 1 Many shots were fired on that cccasion. >a very trifling mo- tion of the Trusty, which’ was moored ai Southend, “i from her side in a flame of fire, turned an went clear over her. The others all went throngh the four-inch irom, but only one went so completely through the oak tim bere inside to fail dead on the main ‘ yet thee ow rely nominal p fwasmuch » w sof yellow dust, when ermor plat wore, howover, . r-iach iron stopped the had the passimg through the f momentum of the prycctile, that they quite suiliced to prevent it going throngh into the main deck. Mr. Whit- Worth himself admite thot through five inch iron plates, backed up by twenty inches of solid teak, it would be al Jo to send a shot it is not un oince that the eides of the Warrior are practi- cally invulnerable to auy artillery yet Keown that can bi aguinst them, ‘The slope inwards, or “tumble ‘a8 it is termed, of tho Warrior's cides, is only two feot—an incline litle, ifatall,over ® slope of fit teen degrece. Kvory recent experiment shows that this is not enough, In the modol sent in to the Admiralty by the Thames Ship Buaiioing Com- pany the inciine of the side was more than twonty five degrees, The valuo of such an jnoline was shown when Mr. Whitworth was firing atthe Trusty, & little move ment in which sent the shot giancing up and over her, Tt is trno that shoe, and above all spherieal ehot g0 through the sides of the Warrior, whot hor inclined oF vortical; but iti equally Beyond & doubt tha: aovoral shots etriking the same plate would smash it, in addition to serionsly Injaring the woudwork belind, which, of course, bears the whole foree of the tretmenous condus- ron pressed with the vulnerability of iron caged yates in this respect, Mr, Jones Inat summer prepared tn dels of frygates With angular Rides, coxted with armor, nnd inclining inwards a’ an angle of fifty degrees. A butt corel aoted on thia plan, and similar to what a ship's side weula be, made on the same principle, was orétled at Portemouth and practived at by the Fxootiont, and the result proved, as might have been expected, the decided success of the angular armor. Not only were the frac- tures lere than haif what they would have been bad the plates beew vertical, but the effect of the concussion was altogether diminished by one haif, and the wood work be hind suffered lese in proportion A plate manufactured by the Morsey Iron Works took reventeon blows in ey of five and a quarter feet by two and a half feet before any part of it was removed, and then the tron was not effectually trated, nor the wood work bebind it much red. We plate, in fact stood wonderfully, receiving blow after blow from sixty- eight pound shot, on the samo spot, and it was Ome time before it showed any symptoms of woakness. ‘There are two other, most important advantages be- hwy By thia plan of Mr. Jones. The bolts, or rather the holer in the pla‘ss through which tho bolts are ed and fastened ineide the ribs of the ship, form the woak pointe o: tiw plates. Whon truck with shot the cracks spread from rivet hole to rivet hole till the pinto i# al- moet o8 full of fractures asa broken pane of glass. Rut ‘with plates laid on Mr. Jones’ plan at euch an angle of in- elination, it will be unaeceseary to employ more than a fow bolte in attaching them; and if the plates aro devetailod into each other, {vo placed thus :-: would be amply sufficient to Attach them. This is ono it SF iye tend sy of the sh tore in diminution rey y the weight of the iron sides made to lean tn board ‘and more to the “ntre of gravity. We do not moan to say that an incline of fifty degrees is necassary fer irom ships’ s ides, 08 we know there aremany important objections Svch A “terrible home;”” but vey eet is pomeg ny sonee i fn nearer the truth states iy Trees admiralty when they stato that twelve’ dogreos sre ine _ has yh he a 0 navy have semtralty ta favor of Mr. Jones’ plan, and a bui con’ and practical profess to be sides of @ float battery should have an incline thirty to thirty-five pale the nee az yet done nothing, matter, too, of tho Freneh is bead of thom. ‘Tho Jones’ plan was only clearly established Yot already the Emy as tested ovement, bas built one gunboat (the in course and others are At angular veasels, let others like the Warrior. Let the sll wl Millwall be at once ocoupied by time be lost in diminishing the distance betw« gress of.our navy and that of iron sided men-of-war. The Warri all that the country wants is more of them; tifte gunners and seamen want is that such an inolination should be given to their sides as would not only keep out the shot, but it upwarde off tho veseel alt 5 Having seen Warrior built, the Admiralty are about to try their hands at building one at Chatham. Far bo it from us to@ay that this ship will not bo, in form, strength Speed, as fine a structure as the Warrior itself; but we may, at all events, ven- ture to express an opinion that some time oa oe before ihe public are likely it Gnished. 2 i : al tell iS 4 3 I : € i E Fe SEES i te Hin RRo Fe at j , £ i gi z 5 it = ee B E 8 J libriom of onr navy. Chatham, lot not the Admiralty negieot to employ to the same Cn wivate yards which have given such proofs of betr skill and resources a8 are shown in the ‘arricr, and the three other vessels of the same class now A few words about La Gloire may not be out of place here. According to one set of statements, she is the most perfect and most formidable vessel ever built; ac- cording to others, neither the one nor the other, but a bad and irremediablo failure. Neither of these extrome reportd is true, but the latter is nearer the truth. From the immense thickness of the wooden scantling under tho armor plates, and from her being coated eatirely with ar- mor, sbe is 80 low in the water as we have said, her port’sill Is less than six feet from the sea. When fully laden, with all coals and 5 res on board, it is scarcel: over Ave, and this fatal defect renders her main d gone all bug useless ina moderate sea way. For tho same reason she is not able to stow more than from three to three and a half days’ coal. The bunkers of the Warrior bold fuel for six and a half days’ full steaming, and, with a very little extra stowage, nine days’ coal can always be carried out of port. speed of La Gloire has been stated to be 12 knots. Now if the statement of one of hor officers is to be believed (an officer, too, tho- ronghly well acquainted with her engines), the utmost that has been obtained from hor hes been short of 11 knota, and at this the vibration of tho stern ‘was 80 considerable that it was evident the armor plates would all work loose if it was long maintaiued. Nine and a half to ten knots an hour is stated to be her utmost average speed, and this must be considerot asa high rate for a ship of such size and weight. None attempt to deny the fact that inasea way La Gloire rolls almost dangerously. In faot, all iron clad frigates must roll slowly and deeply, if in their construc- tion especial pains aro not taken to guard against such a defect. ‘Their massive iron sides, when once started, are like heavy fly wheels set in motion, and roll they must. Beyond a certain degres of inclination, also, the weight of beth aides leans over on one, and thus tho roll mast ‘always be both slow and very deop. To counteract such motion the Warrior has two ridges of iron on each side of her bottom, like lee bonrds, and extending almost along hor entire length. Each of theso plates is about two foot deep, and the resistance which they offer to hor rolling is, of course, immense. Roll, however, toa certain ex- tent she must; but she will undoubtedly roll less than any iron frigate built without tho ridges we havo mon- tioned. Tho work of fitting the Warrior with the rest of her plates and engines will zo on a8 rapidly a possible in the Victoria dock, whence sho will start, at end of May or beginning of June, for Portsmouth, to be masted. THE LATEST NEWS. Panis, Jan. 1, 1864. ‘The Moniteur hos commenced publishing in its unofilcial vert a daily political review. ‘The Emperor of Austria has received Couht Teleki, and announced that he would grant him a full and complete pardon on the condition of conducting himself henceforth as afaithfal subject. Count Toleki promised this, and left the Imperial palace a free man. The Moniteur also publishes a decree conferring on Genoral Montalban the Grand Cross of the Legion of Honor. Lonpow, Jan. 1, 1861. Consol opened at 923¢ a 9234 for monoy and 924; a 9234 for account. Grand Trunk (Canada) Railway, 225¢ a 23; Dlinols Cen- tral Railroad, 31. Lavenroot, Jan. 1, 1861, Intelligence has just been received hore of tho loss of the Golden Star, Stapleton, from Mob'lo to Liverpool, with 8,750 bales of cotton. Ship lost near Feather D, county Wexford, on the 29th ult, Captain, wife and servant girl, and sixteen of the crew perished. Mate and six men saved. Tho steamer Great Britain, from Melbourne, reported off Vaelnaut at eight P. M. LATEST LIVERPOOL OOTTON MARKET. Lavenroot, Jan, 1, 1861. ‘There is no cotton report to-day. The market is closed. The London Moncy Market. (From the London Times, Dec. 31.) > The Rank return this morning anc the continued depres- fon on the Paris Bourse caused the funds to open at a de- oline of an cighth frotn the low prices of yesterday, but a better tendency was soon manifested. 0 first bargains in consols were at 92's; a 3,, and the last at 92% a 34, the market closing with rather a good appearance. The Mdes- patch from New York of the 15th of December, showing a recovery of 2 or 3 cent in the rate of exchange, a —— effect. Lge hegre] closed at 233; reduced and new three per cents. 924 to %; Rupee papor, 94% and 100% ; India bonds, 9s. to 4s. discount; and af juer bills, 38. discount to par. The demand for discount to-day has again been ex- tremely activo. Foreign stocks have been inactive, but steady. Turk ish Six per cents have improved to 70% to 714%, and 66% to 5744. Brazilian Five por conts Were negotiated at 98% and 991;; Four and a Half per cents, 865; Buenos Ayres Six percents, for the account, 96; Mexican, 21, and Mi ‘Spanish, 60% and 3; Turkish Six Por gents, 1864, 70% and %; for the account, 70%; and 1868, for tho account, 66% and 34. ‘The cloring price from Paris this evening was 67f. 650. , showing a further decline of an eighth. ‘There were no gold oporations at the Bank to-day, Subjoined ie a table of the ductuations in the stock and share markets daring December. The range of consols has been 135 per cent, and, notwithstanding the panic in America, the operations of the period have resulted in cstablishing a rise of wquarter per cent. Fires in the Metropolis. PIRE IN THE BOWFRY—NAKROW ESCAPE OF SIX PER- SONS—ONE MAN INJURED. Between four and ve o'clock on Tuesday morning a Are broke out on the first floor of the three story frame building No. 283 Bowery, occupied by Froderick Kluendor 88 a sogar and tobacco store. The flames spread rapidly, and soon enveloped the stairs, cutting off all egress, Mr. Kivender and his wife,and Angust Mannehon and his daughter and son, and E. Bryer, were asleep on the third fioor. Fluding that their escape from the burning build ing was cut off at the stairs, they fastened ono end of a rope to a piece of wood and then lowered the other from the front window, Mannehen assisted out Mrs, Kluendor, his son and daughter, and then lowered himself to th street, the rope only extended to the top of tho frat story, consequently all the parties of the bow window, except Mr. Klu: sidewalk and waa seriously the houseof a friend in der, who foli to tho . He was conveyed to street. Before the dre 0 of the building was destreyed. ‘The roof haams extended into the brick walls of adjoining hovees, and they, together with the roof, still remain in thelr proper place, giving a vory singalar appearance to the ruins. Mr. Kiuender values his stock at between $8,000 and $10,000. It ty noarly all destroyed. Tho insurance on the stock is $6,000—$1 000 each in tho Now Amsterdam, Excelsior, Relief, Willlamsbarg City, Markot and St, Mark’s tire insuranes companica. Valentine Borst occupied a part of the front of the first floor as a harness shop, Lor about $250; insured for $200 in tho Market Insurance Company. The second floor was occupied by E. Bryer aa a lagor bier saloon. Lose about $150; no insurance. The building is owned by Fisher & Bird. Mr. Kivonder had built a rear extension apd raised the frout part ono story high, costing him about $1,200, on which he i only inatired fot $300, in tho Relief Inaurance Company. The tnain building is insured in the Ingurancs Company. Loss about $1,000. The build 0. 281, on the corner of Houston street, is damaged about $200, and Nos. 72and 74 Fast Houston street about $50. They are all owned by Fisher & Bird, ‘and insured in the Bowery Insurance Company. Catha- rine Kline occupied No. 72 East Howston atroet aa a dwell. ing amd boot and shoo shop, Damage about $25; insured for $600 in the Germania Insurance Company. FIRE IN THIRD AVENUE. Tetween nine ani ten o'clock on Tuesday morning @ fire occurred on the second floor of No. 609 Third avenuo, in tho promises of John Murphy, caused by a stovoptps. ‘the onal ng coranal . Damage about $20; insure Supreme Court—Chambers. Before Hon. Judge Barnard. THE EXTENSION OF CENTRAL TARK. the Contral Park, to confirm the re- jasionors and the i ie te to The Bowery Murder Case. OORONER’S INQUEST OONTINUED—EVIDENCE OF ED- ‘WARD DOYLE, JAMES ORAIG AND OFFICER PEAR- GON—THE AFFAIR STILL INVOLVED IN MYSTERY. ‘The murder of John Sexton in the Bowery on Sunday evening still remains involved in mystery, notwithstand- Edward Doyle, being duly sworn, deposes aud says—I am working for Mr. Mansfield, the butcher; I live at 333 Bowery, with Mr. Shoridan; I have known deceased about two months; I was introduced to him by Joseph Sho- ridan, with whom deceased boarded; on Sunday last [ met deccased at James Sheridan's, 333 Bowery; it was about balf-past one or two o'clock; he came there to apo- his conduct on the previous evening; conversation ween him and Mr. Marten’s; there were several persons in the store when we went tn; nothing particular happened while we were in there; we left Nace together and went could not toll what timo it was when I ‘ted with de- ceared;1 was pretty woll intoxicated at the time; I thiak I went'straight homo from corner ef Firat stroot; I sleep in the same room with James Sheridan: "t say came in; { don’t remember having any conversation with him that evening; [went to bed aud had been asleep about two hours, I suppose, Se Sa poien came and arrested mo; when I parted with d 1 think he went down the Bowery, on the same side of the way; I live above First street; 1 had no quarrel with John Sexton that day; the trouble between deceased and the idans arises out of some family difficulty; I know nothing of the na- ture of the difficulty; I heard that they had a row the night before in a grocery store near Spring street mar- ket; I did not hear deceased refer to the difficulty; I did not hear deceased beg Sheridan's ion; I did not see deceased get on his knees before Sheridan; { heard Jim Sheridan say that is was all right, and that the trouble they had amounted to nothing; 1 supposed they were good friends then; I never heard either of the Sheridans Tmake apy threat against the deceased; Sheridan's mo- ther was in the room when Sexton came there on Sun- day afternoon. amos Graig deposed that he was an actor, living at 41 Bowery; at ‘about a quarter to three o'clock on Sunday afterncon | was coming down the Bowery, between First and Second atreeta, when I heard some one call out “Hello, Craig:” I turned and saw a stout built man, with ‘@ moustache, offering me his hand; I looked at him @ mo- ment and then said, “You have the advantage of me;”’ he then said, “Don’t you remember soeing me in Milis’ restaurant in Baltimore,” I then said I had some recollec- tion of his face, and went with him to take a drink; at that time I saw ‘there was a man standing near him; we went into Brun’s place and had something to drink; we chatted about Baltimore, and he told me his name was Sexton; he asked mo if I know the penitentiary in Balti- more; I said yes, that I bad been through it, and asced him if he ever been in it; he appeared angry at my asking bim he question, and took hold of me by the shoulders; I pushed him off, and at that moment Doyle camo - and told me not to mind him; Sexton told Doylo to mind his own business; Sexton then said “Oh, I was only doing it to try him,” and offering mo his hand, asked me to take r drink; T refused at first but finally consented; wo Wen talked of theatricals and various other matters, and commenced reciting, I then Proposed to go, saying \t was necessary that Ishouid leave, when Sexton said I should not go, and got between me and the door; he proposed that we’ should have anothor set of driks’ and I consented; by this time a stranger came in and walked to the other end of the shop; Sexton then commenced to make h, and struck my hat aoveral times; only laughed at him, however ; he thon pro- that Doyle should stand the drinks, but Doyle said bad.no money ; Sexton aaid he would lend him a quarter; Doyie did pot hike Sexton’s manner of addressing him and went out; Doyle cam back again shortly afterwards, and going to the landlord bo asked fora drink for himsel?; the rd said that it would bo better for him to take a sogar; Sexton then weut up to the siranger already ro ferred to and asked him if he would stand drinks, or take a drink, I don’t know which; this movement on the part 0 Sexton gave me a clear way to the door, apd I inove: towards it; Tthen got a segar; Sexton and Doyle thon had some words, about what I don’t know; I heard Sex ton say he did ‘not like it,” or something to that effect; finding that Sexton was engaged with Doyle, I took the opportunity ‘and went out; I went straight home to No. 41 Bowery; this was about ten minutes before foar o'clock ; 1 stopped home until abov' half-past five o'clock, when a friend of mine called for mp, aud we went to din- nor; I was in company with this ffiond all the evening until near ten o'clock; the gentlemen is here present aud can testify to the fact; Lremomber deceased's saying he ‘would like to lick me,'or something to that eifuct; this was when he took hold of my cout collar, as already ro- ferred to. ‘Thomas Pearson, of the Seventeenth precinct police, deposed as follows:—On Sunday night, abont ten minutes past seven o'clock, as I was going down, the Bowery, a German came up and told me there waX a man lying on the sidewalk drunk or dead, he could not tell which; I immediately went to the place indicated, and found de- ceased iying on the door step of the premises No. 227; there wore several persons standing near the body when T came up; deceasod was lying on bia back, with his head on the sill of the door; I caught him by the arm to raise him up, supposing he was drunk, whon he fell back again; I took a match from my pocket, lighted it and looked in his face; I noticed that he gasped for breath, and that his eyes rolied in his head; I ht then that he had a fit, and said I would take him to the station hoyse as soon as possible; ly I procured a light plumber's wagon, which was standing in front of the door, and conveyed him to the station house; I did not discover any blood until I got tho bod; to the station house; when I took him out of the wagon found that he was dead, and that his shirt was all covered over with blood, lopened his shirt bosom and found a wound in bis breast; I eearched the body of deceased and found on bis person a silver wateh, some five or six chil- lings in change, x pair of gloves and a couple of business cards; subsequently 1 went to the spot where I found de ceased, with a lantorn, and looked for some blood, but I could not find any; thore was no blood in the ‘wagon either; no one knew anything of the affair, not even the prenle who lived in the house where deceased was found; have searched the entire neighborhood, but cannot as- certain whether any fight or disturbance’ occurred there, tho deceased could vot have been stabbod more than dye minutes, I should think, when found him; a man told me that he had passed the spot about ten minutes before and deceased was not lying on the sidewalk thon, ‘The Coroner here announcet his dovormination to ad- journ tho invest afternoon. United States District Court. Before Hon. Judge Betts THE ALLEGED SLAVER CORA, Jax, 15.—This cnse was again called up this morning, but in consequence of the illness of one of the counsel for the defence tho case wae adjourned | yer until to-morrow, whon it will be resumed. Court Calendar—This Da Serreve Counr—Srectar Ten.—Nos, 5 59, 61, 63, 64, 65, 06, 67, 68, 69, 70, 71, 72, 75, 76, 7 Scrmwor Court.—Part 1—Nos. 610, 637, 1017, 1077, 1088, 1046, 1087, 1096, 1107, 1109, 1,111, 1118, TLL Part 2—Noe, 890, 834, 18, 602, 810, 870, 424, 460, 672, 268, 764, 740, 162. ‘ ye} a Drmuct Court.—Nos. §29, 57, 58, 59, 62 0 67, . a FINANCIAL. AND COMMERCIAL. Tvespay, Jan. 15—6 P. M. The following is a comparative statement of the exports (exclusive of specie) from New York to foreign ports for the week and since January 1:— | 80, 57, 58 76, TF 1880, 1860, 1861 For the week... $637,260 1,494,899 2,093,406 Bofore repor 064,752 1,042,827 2,025,778 Since Jannary 1....1 O12 . 2587726 6,019,179 The heavy outward movement of produce thus continues, From present indications there is no great prospect of a falling off; and tho fact must militate against a further advance in exchange. There is no change in the money market, and quotations are as last given. Exchange is very firm at 106 a %4 for sterling and 5.92% a 36 for france; but there is not much doing. Bills are searce. By the arrival of the Bremen we have two days later from Europe. The rate of interost has been raised in England to six per cent. The stock market was strong this morning, and A general advance was realized, The Western ehares advanced 2 a 214 por cent, and Illinois Cen- tral rose 3%. A large business was done in Erie and New York Contral; the former rose 2 per cent, and was in fair demand at 40, The Erie bonds also were higher. State stocks shared the general tendency; basiness was done in Virginias and Mis- souris at an advance of 1% per cent. If the pre- sent polftical difficulties could be arranged, State, and indeod all stocks, would start upward with a remarkable impetus, Everything is in their favor, save only the prospect of civil war. This afternoon the market was vory active, and stocks closed strong at the following quotations:—United States 5's 1874, 93 a 94; Virginia 6’, 7434 a 75; Tonnesseos, 74 a 14; Missouri ; Canton, 144% a %; Cumberland Coal ah preferred, 8 a 10; Pacifle Mail, 998 %; Wow York Central, 78 a 34; Erie, 39%4—3(; Hudson River, 46% a 47; Harlem, 16% 8 14; do. preferred, 87% a 38; Reading, 40 a 4; Michigan Central, 54044; Michigan Southern and Northern Indi- ana, 145% a %; do. guaranteed, 34 9 °}4; Panama, 115 a ¥; Mlinois Central, 8144 a %; Galena and Chicago, 665% a %; Cleveland and Toledo, 34a 4% Chicago and Rock Island, 55% %{; Chicago, Bur- lington and Quincy, 6934 a 70. The following docrments, showing the position of the Park Bank in relation to the appointment of Mr. Devlin and the payment of the publio mo- neys, will be read with interest. We learn that the Park Bank this morning offered to pay over all the money in their hands at ongg, in gold, on presentation of a chock, properly and au- thenticated according to law, but that thus far Mr, Devlin has not presented such a cheok, nor does itseem that, under the act of 1860, ho can do so. If this statement of the law be correct, the Park Bank will retain the moneys in their hands till they are exhausted; the Comptroller will draw all his checks for disbursements on them, while all the receipts will be passed to the redit of Mr. Devlin, in the Broadway Bank:— Panx Bark, New Yor, Jan. 15. 1861. Inasmuch as some animad versions have appeared in the im reference to tho refusal of the Park Bank to deliver over the public to Mr. Devlin upon his demand therefor, it is due to Citizens of New York, ag well aa to the Park Bank, that the reason for such rocneal hould be made public. 'T encloso for pul wor to Mr. Devlin’s demand, and the Fdmonda and of the counsel of this bank, by which we bave been governed in our wetion in the premises, Yours, reepectfully, Park Bank, New York, Jan. 15, 1861. Dante. Devin, Fxg. :-—Desr Sin—I have to scknowinige aga communication of Saturday, enciabing one . Haws, Eeq., Comptroller, stating appointed Chamberlain of this city, and in which you require the Park Bank to deposit all the moneys in its custody ing to the city and county of New York in the Broadway » to the credit of the Chamberlain. In answor I have to say that this bank is now, and bes at all times been, prepared to pay over tio balance af said moneys ining in ite custody; but, as Iam ad- vised by counsel, it will be necessary, in order to save this bank harmless from conflicting claims, and to re- eve tt from liability, that the sald ore should be / | withdrawn in the manner prov! speci ordinance. Yours, respectfully be oro R. 'W. HOWES, President, ‘Tarsiry Borrpmnc, 111 Broapway, Jan. 14, 1861, ‘The Park Bank bas on deposit certain moneys belong- ing to the city and to the county of New York, deposited there by thie Chamberlain of the city of New York, as the custodian of ‘moneys belonging to the city or county, And it has had served upon ita notice from the Comp- troller that Daniel Devlin is Chamberlain and County Treasurer, and that the Ledge | Bank has been se- lected by him as the depository of the ity and county moneys. And a similar notice Mr. Devlin, as Cham- berlain, with a demand that the Park Bank 1. deliver to the Chamboriain er deposit in the Broadway Bauk, to the credit of the Chamberlain, all moneys belonging to the city and county now on it inthe Park Bank. And the question is, whether the Park Bank ia bound to comply with such demand, or would be safe and justifia- blo in £0 doingt OPINION, In respect to the funds om deposit in tho Park the city and county are two distinct political bodies, an there are no monoys belonging to repagh mg, Or, @8 Ox- pressed in the demand, ‘ belonging to the cit} coun- ty.” By tho law the moneys belonging to the city are subject to the control of the Common Council, and the money belonging to the county is under the control of the Board of Supervisors, and tho sume raised for city faedgpees or for county purposes are by law kept distinct rom each other. (See Laws of 1860, chap. 509, sections land 5.) ho Park Bank having moneys in its custody as the selected depository of the Chamber- as a city aud a county officer, out, except according to rown many safeguards around the public moneyg which no bank or public oflicct has a right to disregard. No money can be paid out except on a war- rant drawn and signed by the Comptroller and counter- signed by the Mayor and Clerk of the Common Council, and Ciork of the Board of Supervisors, thus constituting thoge three officers a check on all payments of the public Jorn henge ie thay ced the Cn hed yee ad — ovisions we e to payment f a provided by law for the reoeigt and ‘tafe Keeping of the public money are as follows:—Sec. 22 of the amended charter of 1857 provides that the office of Chamberlain shall be a bureau “for the reception of aft moneys paid into the Treasury of the city, aud for the re of moneys on the warrant drawn by the mptroller, and counteraigned the Mayor and Clerk of the Common Council,’ that “all moneys crawn from the City Treasury shall be on vouchers for the expenditure thoreof, examined and allowed by the Auditor and approved by the Comptroller.” By see- ‘ton 2 of that act nll tho legislative power of tho tion ia vested in the Common Council. That power in- volves all legisiation (subordinate to tho State legislation) ct for the proper regulation of the finanoes of the city, and all persons who obtain possession of tho city funds as a depository hold them subject to sucli leglala- ion. Aceordingly the city ordinances provide (Revised «rdinances of 1859, chap. 3, art. 8), by section 87, that vhe Chamberlain shal) forthwith deposit all moneys which he may from time to time receive in one or more of the banks in the city of New York; by section 91, that no money received yA the Chamberlain and by him deposit- ed, as preseribed by section 87, shall be drawn from the bank except on the warrant of the Comptroller, drawn, signed and countersigned as before mentioned. The effect of these provisions is to make the deposit bank @ check on the Chamberlain, and hexce it is that he is obliged to = Money as soon as it is received, so that a bai and not tho Chamborliin is to bo the curtudian of it, and the bank cannot pay it out on the mere simple check of the Chamberlain, but only in the form prescribed by law. To that eftect also is the , act of 1860, chap. 477, see. 1; that all moneys Ce ad a) to the city or county of New York shall be deposited by the legal custodian thereof, forthwith, without delay, from time to time as received by him, in any bank which he shall under hie official bond select for that purpose, and they shall not be withdrawn therefrom, wxcept as provided specifically by law or ordinance. Now it is no- where provided by law or ordinance that the city or county moneys can be drawn froma deposit bank on any such general demand as that now made. If the de- Poo is to be regarded as the individual deposit of N. Matt, it-cannot be paid to Mr. Devlin withont Mr. Platt's consent, and he is eo far from consenting that he has for- hidden the bank to pay out any monoy, exceptpupon regular warrants, as provided by the ordinances. i is to be regarded as a deposit of public money, subject to the control poblic functionaries, it can be paid out only in the mode prescribed by law or ordinanee. In neither aspect would the bank be justifiable in paying on these mpers on this demand. A teat would be to suppose that the Park Bank siould comply with this demayd and hand over the whole amount to Me. Devlin, that the Corporation should afterwards sue the bank for the amount, and the bank should set up the pay- ment to Mr. Devlin ab a defence; would that defence ve good? TL very much doubt it. On the other hand [ think the answer of the Corporation to the defence would be complete, namely, that the bank had received and held the money with knowledge of the’ordinance and the statute, and in recognition of the obligations thereby on it as the depositors, and had out, not im conformity with their ro- quiremen's, bat in departure from them, and there- fore had paid the money in their own wrong. ft ie tho evident policy Of the statntes and the ordinances that as the Chamberlain gives bond only in the sum of $200,000, , et bar at times millions in his hands, so he “ shall not be entrusted — | farther than is absolutely ne- corsary with the personal custody of the public moneys. ‘That custody is litaited to the time in each case that may elapse between his receipt of the money from the collee- tors of it and his ‘forthwith’ deposit of it fa bank. Hence it + ™ the power of the head of the Finance Dopart- mont to know each day whether the moneys are sae, and the misappropriation of them by the Chambe*lain oan be confined to the receipts of one day, thas alone making the Chamberlain's official bond uate eeourity, This im- portant purpose can be attainod only by etriot fAdelitw on ~ the part of the deposit bank to the obligations imposed va it ae such, and to that extent euch bank fs an off ser of the city government, and bound like all othars to the strict performance of iis offeial duty. For the de- poelt bank to recognise such coatrol over the. public moneys ae Mr. Devlin’s demand on it now virtually asserts wonld be to overthrow thore raft , and that cannot be dove without involving the bank in the serious: reaponsibility of becoming surety to the city and county that Mr. Devlin will not misappropriate the money. There is doubtless no danger of that, but the bank canno > compiy with the demand now made without assumin; < that risk, be it great or small, The importance of thi consideration Is manifest from the fact that the amoun',, to be paid over under the demand exceeds $2,000, while the Chamberlain's bond is only for $200, therefore advise the Park Bank that it would not be safe _ for it to comy, with this prosent demand of Mr. Doviin, either by delivering to him or depositing in the Broad. =o ) credit or the wee Shear maa coy all or any the moneys belong! iy coun! of New York, now om deposit in the Park Bank. J. W, EDMONDS. No. 5 Brrxsan Srreet, New Yous, Jan. 15, 1961. R.W. Howns, Bxq.. President of the Park Bank Dxar Sim—In full concurrence with the me ah! opinion of Judge Kdmonds, I have to advise you the 7 bank would not be protected from liability in paying out the moneys in its Koay | belong! reapectively to the city and county of New York upon which hw been mado by Mr. Deviiny inasmuch as said demand in at in acenedanse WER ony, ane of the State or ordt- nance of the city. respectfully, Ms SOHN TOWNSEND, J The following was the business of the Sub- Treasury to-day :— Z i The exchanges at the Bank Cle: morning were $19,037,702 55, and $1,008,368 51. The Rutgers Fire Insurance Company has clared a semi-annnal dividend of seven per cent, payable on the ist of February; the Continental 4] y Insurance Company, a semi-annaal dividend of seven per cent to stockholders; the Columbia Fire Insurance Company, o semi-annaal dividend per cent, payable on demand. A peivate despatch from Mobile quotes cotton ile — of five’ |,