The New York Herald Newspaper, February 5, 1862, Page 2

2 — ARRIVAL OF THE NORTHERN LIGHT. News from the South Pacifie, Central America and the United States of Colombia. Presentation of the United States Minister in Peru. Attempt to Assassinate President Castilla. ae Fatal Riot Among the Police of > the Isthmus. TRADE WITH CENTRAL AMERICA. WRECK OF THE STEAMSHIP COLUMBUS. ROSPECTS OF WAR IN VENEZUELA. TWO RUSSELLS IN AMERICA: &., &., &e. The steamship Northern Light, Captain Tinklepaugh’ «om Aspinwall on the 25th ult., with mails, passengers and specie, arrived at this port yesterday morning. The following is the SPECIE LIST OF THE NORTEERN LIGHT. 169 H. Cohen & Co Order ses cseseses + $29) 4 }24 000 R. Patrick P. + 8,000 3. B, Newton. Balliv 6,500 M. C. Hawley Frank Bake: > 22/000 Fppinger & Co.. Jas. T. Haywar 8,000 W. Heller & Co, American Ex, Bank . 20,000 J. Holler & Bro. 240 C,H. Grant & Co... 10: Janson, Bind & Co. Z, Einstien & Bro. W. Ruhl. A. 8, Roseabanm. Eug. Kelly & Co. Wells, Fargo & Co.. .356,000 J. G. Parker & Son.. 14060 J. Strauss, Bro & Co. 35,433 M. Seligman & Co.,.. 28,000 Jonniogs & Brewster 23, Jas. Patrick..... 30 FROM ASPINWALL. Horqucs & Masseras. . Bo Herques & Masseras.. “a Handy & Hoavliey.... Cartwright&Harrizon ‘The latest advices from Panama report:—The steamer Orizaba, from San Francisco, Capt. Farnsworth, arrived here at seven A. M. She has $5,000 in treasure for Pana- ma, $214,000 for Europe and $854,573 for the United States. os ‘The Orizaba has also 570 packages of cotton shipped from Acapulco, Mexico. ‘The steamer Republic, from California for Acapulco, in @ gale of wind, was compelled to throw her deck cargo evorboard. She was at Acapulco,on the beach, getting caulked. Captain Ritchie, of the United States steamer Saranac, dad all his officers under arrest at Acapulco. NEWS FROM NEW GRANADA. Our Panama Correspondence. Pamama, Jan. 25, 1362. Lox of a Coasting Steamship—A Valuable Cargo from Central America—The Trade Turning from England Through American Enterprise—The Uniled Siaces of Co- lombia—Narat Movements, de., éc. We have no late dates from Bogota, but have had ar- rivals this week from Central and South Ameriea. By the Panama Railroad Company's steamer Guate- mala, from Central America, we get the particulars of the loss of the company’s steamship Columbus. She struck on Panta Remodios, at the entrance of Acajutla, im Salvador, at twelve o'clock at night on the 12th of December, and went to pieces in the course of a few hours. Her cargo, 1,250 packages, valued at $150,000) was a total loss, only # few packaxes having beon picked up, and those in such bad coudilion that they would scarcely pay salvage. The v.ssel, valved in the ’unama Railroad Coinpany’s Toport, at $20, >.» + uninsured; but it is believed nearly all her = -red in Eng- Wand and France. ‘Tho Columbus was built in Philadelphia in 1847, moa- sured 463 tons, and previous to her -sale to the Panama Railroad Company was employed in the California trade to Panama and on tho California coast, Less than two years ago the railroad company oxpended $40,000 in re- pairs on her. The accident occurred from tho fact that her master, Captain Ludwig, mistook a rock for a vessel that he knew was lying in the harbor of Acajutla, aud in running for the vessel struck on the shoal. Officers, crew end all saved. ‘Tho Panaina Railroad Company's steamship Guatemala which brought the officers and crow of the Columbus, ar- Yived at Panama op the morning of the 20th inst. She brings the most vainable cargo of produce that was ever Drovght into thy harbor of Panama. “It is estimated to exceed « million and a half of doilars, Of the five thou sand bales (one huadred and fifty pounds to the bule) of indigo she brought, three thousand six hundred bales go to Engiand. She brought also eighty bales cochiuesl sixteon bales cotton, fifty-six bundles deerskins, eve hun- dred and seventy-seven hides, five hundred and six bags coffee, five cases balsam, ten barrels sugar and $25,000 in specie. - The enterprise of the Panama Railroad Company in opening this steam lino to Central America is gradually turing the trade of Central America from England, to which country stall went six.years ago, to the United States, but it will be perceived that the process is a very | siow one, less than one-flith of the Guatemala's cargo being destined for the United States. Nourly all tho trade of the So:th Pacific is with Fng- Jand, the facilities given by England of a subsidized stoatu line of twenty-years standing baving turned the business in that direction. Until the Congress of the United States shali imitate England in ber intelligent aod farsighted action of paying a fair b: to steamship lines for carrying tho mails on the Amoricans can expect very little with those Southern republics, and we must be Lent to forego the political advantages and influences England obtains among them, principally arisiog from her direct steam intercourse with Ecuador, Meru, Polivia and Chile. ‘The British steamer Tamar sailed from Aspinwall on the night of the 23d inst. She takes about four-fifths of the produce from Central America by the Guatemala and Sardimian steamer Julietta, Den Josto Arosemena, special Commissioner to Rogota for the final arrangement of the terms on which thes of Panama is to be admitted into the Colombian Union, left Aspiuwall on the evening of the 221 for Cur Captain J. Dow, of the Panama Railroad Com stoamer Guatemala, goes home by iis steamer, to bring out the new steamer to be placed on that line. {From the Panama Star, Jan 24.) Wo never racoliect corn and rice to be more scarce or hisher priced in Panama than for the past few the former is now geliing at $3 50 and the lott quintel, ‘This we attribute, as we prognostic tine, to the fact of large numbers of the laboring ci being taken away from their regular agricultural pur Suits to serve im the army, many of whom left their Domes in Santa Martha, and the rest became so demo: a3 to bo quito incapacitated from settling down iu to their former quiet occupations. War Aspinwall Correspondence. servwatt, Jan. 26, 1862. Serious Riot Between the Police of Panama and the Officers Of Aspinwall—A Couple of Men Shot— Attempted Arrest of @ Political Offender cnd His Exile on a British Ship & Bt. Thomas, dc., 0. A riot growing out of a quarrel among the police took place hore lost night, in which one or two men wore killed and some wounded. ‘The facts, as near as can bo ascertained from the oy dence now being taken before the prefect, are these — ‘The Governor of Panema, believing that Colonel V: en officer of the extinct government of Ospina, and who was chased out of Santa Marta by the Mosqueristas over a mn yerit ago, was endeavoring at Aspinwall to incite against the State government of I’anama, sent twenty-five of the city police to Aspinwall, with orders to arrest Vieco and acy other turbulent men, and bring them to Panama, ‘unless Vieco was willing to quit the country at once, as ho bad promised several times to do. Colonal Viecs accordingly left on the British echooner Tomar, for St. Thomas, on tho the 23d, and the police wos orfeved to return to Panama by this morning's ars Mut late last night the Aspinwall police, who are ew ly friends of the old government, or at least their de ive ote, comraenced insulting the Panama force by cu) © (hem poltroons, cowards and other bard names, th ver replied that they came on here on @uty, and tee tet be insulted any more, that they could clean » out in an hour, & W ots to pintol sho\s tho leader of the Asplawall party .0v og dred Ab aPanama than, (he Panamaenoscon sidored | «signal to pitch in, and they did it chasing (ho tw ) their holes, but not without an exchange of tre & ts, Some say that fifty shots wore fred. some « 1. The Panama force then took possession of t igon, and, a’ter making room by turning out € Cagabon Ja in it, commenced to fii ita i Ss whom they thotglt Lad inglted the attack upon thor aut. Salao, who had laso'y been ja command of a goy- | | | | ernment vessel, the Corporation Atternoy Betancourt, Senor Cespedes and many of the Aspmwail police were thrust into the vacated cells, anda hun’ was made for the Alcalde Aleazor; but be had fied or hidden himself, Tho police then went to his place of business and seized fifty or sixty stand of arms belonging to him ‘The place is wow quiet, and thore ia uo foar of further diticulty. ne OR NEWS FROM THE SOUTH PACIFIC. Conspiracy to Assassinate President Cas- tilla, of Peru—General Uproar and # Navel Emeute in the Port of Callao— Presentation Speech of the New United States Minister in Lima—Change im the Location of the Bolivian Exeen- tiveeProgress of Public Works in Chile-The Financial Prospect—The ‘War in the Argentine Confedcration— Markets, &c. OUR PANAMA CORRESPONDENCE. Pavama, Jan, 25, 1862. By the British mail steamer Valparaiso, which arrived at Panama on the Zist inst., wo have dates t0 January 2 from La Paz, Bolivia; to January 1 from Valparaiso and Santiago de Chile, and from Callao to January 14. There is nothing new from Ecuador, the Ante, from Guayaquil, not being due till the 1st proximo. PERU, Another attompt—the third, I believe, within eighteen months—was mace at the seaside Peruvian watering Place, Chorrillos, on New Years night, to aasasvinate President Castilla, or Cacbabotas, as the Limenos style him. It appeare that some of the junior officers of the Peruvian war steamer Ucayali, then lying at Chorrillos, _their superiors being ashore, wished to invoiglo the President on board om some pretext or other; but he declined to go, upon which a party from the vessel came ashore with the de- Sign to assassinate orcarry him off. One of their num- bor, however, betrayou the plot, and Castilla saved him- self. At twelve o’cloc’: at night the conspirators, who had steam up, ran for the harbor of Callao, and, dropping anchor near the Peruvian war stenmor Loa, commenced firing with cannon and musketry at her and auother steamer, the Iquique, the Loa returning the shots. An alarm gun was also fired from Fort Independence, and Callao was soon inan uproar. Firmg wildly in the dark (it was at half-past three in the morning), the mis- siles flew about the harbor, many musket shots and one cannon shot striking her Britannic Majeaty’s steam- er Clio, Joh Bull did not like this sport much, end so notided =the contestants «that. thoy mast quit the harbor if they desired to continue it, Upon4his the Ucayali, perceiving that the President had arrived and was preparing vessels to attack her, sheared off to the Chincha Islands, with the view of taking in coal there, and inaking for the Chile coast. But not having been able to get her coal in before she dis- covered two war steamers rapidly approwhing her, the officers of tho Ucayali took to the boats, aud, landing at Pisco, made all haste inland, and have not been hoard from yet. One man was killed on the Loa, and severa] wounded. Both vessels carried six gins, part thirty-two pounders and part twenty-four. The Ucayali was bronght back to Caliao ina few days after these occurrences, and everything has settled down quiotiy again. One of the Jeaders of this revolt was Lieutenant Cuba, who ome moxths since entered the halls of the National Conveution at Lima and endoavored to dissolve it at the point of the bayonet. Castilla will have good luck if he es, capes theseassassins much louger. They commenced the attack on the Loa witl. vieas for Echenique; but probably he had nothing to do with the movement. The streets of Lima continue to be infested with rob- bers.and murderers—the pelice always asleep or drunk when wanted. It was only a few nights since that a par- ty of robbers entered a gentleman's house in one of the most frequented streets, stripped the jewels from the @u- gers and necks of his wife aud daughters, and then, after leisurely gathoring what money they could find in the private rooms, walked quietly away, Mr. Waney and farniy, Ame lao, came as poasenger? in the V Our minister to Lima, Hon. Christopher Robinson, of Rhode Isiand, had an audience on the Lith, and presented his credentials to President Castilla. 1 translaty toe ad- dress on tho occasion. Mr. Robinson addressad the President in the following language:— Mk. Presmprxt—In havin; the honor to the character of y Extraordinary and Minister Picnipo- tentiary of the United States, I fultia grateful task in as- suring your Excellency oi the iriendly sentiments which my wernment entertains for the republic of Peru, missionaries to Cal. araiso. eesent myself in ing diplomatic relatons With Pera, U United Siates has nge idan ami bie manner all the een the two re publics. 18 profeasion of Irlendshtp oa. the ent is sincere and ardent; that tt will always tannfest dial sym- Pathies for the republic of Pern and for sister States of the American continent. I now ave the honor to place in the hands of your Excellency tae credentiais with which the ident of the United Stat ored me, and to ex- press to your Eo celieucy the ardent lesive ke entertains for the Prosperity of the republic of President Castivia replied:— highiy satisfactory to me, in receiving you in your rt Envoy Extiac Pleats United 8 ‘aunou, the gover ion to ‘athments that govervmeut professes toward the re- if vting, with anfe.gned pieasure, the newal by your govern. in an ami- . that the Peruvian go- in all occasions that have en just and loyai icen Union. I ou my part, Leen aesu A by like 6 Le buses already + Just aud prompt The fultilment of the objects of y. The American sioop-of-w © is at Panama el States war Wyoming was on ‘oust of Peru. ‘The Bachunte and Clio, British ships of-war, wore at Callao, expecting to gail for Panama, BOLIVIA. Presitent Acha and his Cabinet were at Oruro, after having stifled 1 revolution of Fernandez, but toLa Paz. There eneral Perez, whi interrupted by one of had declared ag lly believed. extremely doubtful, however, if la will settle down soon into peace again, after the many assassinations of her principal meu that havo taken place within the last few months it was * Fernan » Acha, a CHILE The new administratic popular with the Y feasted and feted by their friends. Diuch interest is felt iw tho prospect of an early com- Y of the railroad from Valpwaigo to Santiago. In nate of the expenses of the enterprise, according sident Perez is very wre returning, and are @ comiract with Mr. Meigas, iu ted that the peyrvents will amoun! $4 510,486 & ws — Works on the line from Montonegro to Quillota, $1,493,827 bo do. to Santiago, 857,043 D HOM WORK... .eceee ers 645,530 Total D eeeeee 500 000 It boing stipulated in article 4th of the coutraet that, in cage the work shail be done in lese than the contract the co olor shall receive ie auditional sum of 300,00) ‘ia socurivios, wilh six percent annual interest and four per cent redeiption,’ it :ceults that the State will have to acknowledge ot once in the contractor's favor the gum of $5,210 486 67. This sum does not represen: the total expeuses of the rajlroad, Besides the iron work and materials, which the comtractor receives for their just $1,138,043, there is in the contract an artich entof which will not cost less than one mi » Ibis the follow ing.— Art. 17, The governme: that may arise in the weq Hine, stations, stop) Fees to OTF roOMe the difficulties d for tae m of the a regulne le 4 alnc passage throuch farms for the ¢: A the ground requisite for erecing t for the laboring me: ticle implies an expenae of dollars. witiago and Quillote Railroad will thorefore cost te Mr. Meigge......... «$5,210,486 87 Work done and materials ov baad 1,436 043 13. Cost of tomporary road 1,000,000 00 Total. « $7,645,530 00 ‘Thi im t is found to have squandered over one million dollars of the late British loan for the completion of thie road. Senor Salazar, of Valparaieo to make a break- water in the port of Valparniso,to be completed in ten years, the bet to be raised in Engiand, if the govern- inent will grant him leave to do so. The ia looked upon with favor by the government. Tho Merenrio says that the Larbor of Vaiparaiso, though sufficiently ions and secu oring the greater part of the year, bas the disadvantaco of being open on the north, and thus ex posed to the full action of the winds that in winter pre- vail from that quarter and endanger tho vessels anchored in the roads, sometimes occasion ing great lossos, This fatel disadvantage of the priacipal port of Chile is noturaily very detrimental to its maritime and commer. cia! importance, cansing vossols to avoid the dangers of the horbor durin long perio’ of the year. On this ac- cout transact! nring Ue winter are Limited, and | mar itind speculation deforred; avéfages are imulriplied, mon-of war (1 merchantinea sock in other port? jod at avehor in the bay of V :,t the sheiter peraiso. Thi easel t g the rate of than 4 the floa! ing population, 4 ratio the actigity end demand of t t Rivest dines Hit. Ig Valpa ’ @arce intoréet Digh Tin market for importations ' hob ow ng ty dau sorted, but to the completa absence of purchasers: as to exports, excepting copper, wool, goals and hides, articles of ordinary attragtion, nothing bas been done that de ge. vos special notite. Floar is sold in smatt lots at $2 62 a $3 por quintal. A lot of Boston refined sugar sold at $2 94 per aroba (20 lbs) No Caro'ina rice in first hands; the quoted price is $7 50 per quintal. Barley of the ol! crop sold for $1 50 per tanega of 155 bs. Good qualities of American lumber wanted. Bar copper is held at $17, cash; bar silver at $10 124g per marc; nitrate of soda at'$1 $644. Exchange lower: on London, 60a 90 days, 14 per cont premium, nominal, Freights—£3 12 4 England aud Hamburg; to the United States. $15. ARGENTINE CONFEDERATION, Dates from Mundoza are to the 24th December. The officers and soldie.s of the Confederation, before evacuat ing Mendoza and San Juan, had commiited many atroci ties on the people and had outraged (it was first reported murdered) the Chileau Consul. General Mitre at the head of the army of Buenos Ayres, has overrun all the provinces of the Confederation, or thoy havo given in their adhosion to his agents. General Urquiza is in the province of Entre Rios ,iuactive. Presi- dent Derqui, as before stated, had led to Montevideo, NEWS FROM CENTRAL AMERICA. ‘The news from the Central American States, which is to January 12 from Guatemala, 14th from Salvador, 16th from Nicaragua, and 18th from Costa Rica, is without importance. An attempt was made in Salvador to assassinate Gen, Barrios, President of Salvador, but the President was in- formed of the plot by a young man who was expected by the conspirators to do the deed. Two persous were ar- rested and the others escaped. The coffee crop in Costa Rica had been gathered in, and would scarcely come up to the minimum crop, which is never counted below 80,000 quintals. In small lots it brought 180. per pound, but rules lower in large lotsa— say 13c. a lic, Our Nicaragua Correspondence. Nicaragua, Dec, 15, 1861. The Blockade of the Southern Ports—Collon Growing in Ni- caragua—Views on Coolie Labor—The Indians Willing snd Ready to Labor—The Row Between the President and the Priests, de., dc. The civi! war in the United States and the blockade of the Southern ports have stimulated the cultivation of cotton in this country. The fields in the vicinity of Ma- saya, Managua, Leon and Chinandega are teeming with the plant, Activity and industry have displaced idleness and slothfuluess. The genius and far-sightedness of the representatives of the universal Yankee uation residing here have furnished the machinery for cleaning, pressing, Daling and exporting the cotton. Its culture will un- doubtedly become general and profitable. The soil, cli- mate and labor are eminently adapted to it. Nicaragua will export the incoming year fye hundred thousand pounds of ginned cotton, equal in quality to Mississipp! middling fair. Thave seen articles in the newspapers recommending and adyocsting the introduction of Coolie labor in Central America. It is very evident that the Person or persons writing these articles have never visited Central America, for if they had, they would never have advocated the introduction of Asiatics into the most beautiful portion of our continent. The hardy Indians (mon and women) of Nicaragua are fully able to till the fleids and harvest her agricultural wealib. Coo- lies are tte most objectionable class, either as laborers or colonists; they have no interest other than the wages which they carn: negroes are not to be thought of. Iam satisfied that both the people and government wou'd op- pose their introduction under any circumstances and upon any terms. The State, by stimulating the Indians to labor, would add to ber wealth, devolope her immense resources, and attain the aon of her political life—the happiness of people. Indians of Nicaragua are a docile race, all Christians, and very tractable—in fact the very opposite of the North American Indian. Tho Legislative Assembly will meet in January next. I doubt not that interested parties from the United States will endeavor to er | 8 bill through for Cod eed of importing coolies, and monopolizing the labor of the State. All such may expect a determined, and, I hope, a success- ful opposition. Mr. Howard, United States Consul, and family have located at Puntocaco, Mr. Dickinson, United States Minis- ter at Leon, whore his fine cattle and vegetabieg are the wonder of his neighbors. A very serious outbreak has occurred at Salvador be- tween the government and the clergy. Barrios, the President, hag banished the whole of tem. The prevail- ing opinion here is that he will be able to sustain himself, and, although opposed by the followers of the Lord, ba undoubtedly has Providence on his side, az he has the heavies! ariillery. Signs of Another War in Venezuela. (from the Kegistro Oficial of Caracas of the 18th Dec. ‘The supreme chief of the Venezuelan republic, Gene! Jose Autonio Paez, has issued a proclamation to the people declaring that war was once more knocking at their doors aud at their fresides. He declares that he has done everything in bis power to avoid and prevent the calamity. He used ali his efforts for the preservation of peace, even at the risk of being considered timid. But tho’ enemies of public tranquillity and repose had turned their backs to his promises and inyita- tions. He now says that the olive branch which he bore in his right band has passed te the other hand, aod he grasps instead the avenging sword of the republic, which shail be inflexible to the enemies of the republic. He will not, however, allow the olive branch to wither, but will reserve it for all who will come into the bosom of society. He declares himself resolved to punish all traitors with severity, and to save the republic. He says they think him weak’ beeanse be jas extended to them the band of @ frietd and a brother, but they will find that he is not weak who always was first in defending the cause of aud pation. He concludes by warning the people that he has not been the cause of the evi's of war, and calis every man to arms. ‘Let us all gather around the government and we shall be invin- cibie, Let no one be without a rifle to shoot down a rebel is ended. I will give you the Fellow nil’? cnemy, when the armis! example, fellow countrymen. Follow The proceedings of tlie convention between Falcon, the rebel leader, and the valiant General Paoz, which, it had born hoped, would lead to _peare, had not yet boen pub lished. ‘This will give us the reasons for the failure of the nezotiations. ‘The goveruruent of Venezuela had issned_n decree de- claring all machines for the cnitivation of cotton free fzom tmport duty and from all other national or muni- cipal charges Two Rassells in the United States, [Translated from the Gaceta Oficial of San Salvador of Jan. 4, for the New Yors Heratp.} ‘The Expiritu det Siglo of Chiapas, Mexico, of tho Uth of December last, contains the following: MONSTROUS INTELLIGENCE. Trait d’Union saye:— five o'clock yesterday afternoon en extra- teh arrived from Vera Cruz. Jt has the'gravest and most unexpected intelligence that it is possible to imagine:— An English frigate from Halifax brio 75,000 men had left the United States for the ‘and that "AS #000 vention of U suspended were frecly opened to na The author of this letter, adds the Trait, state: that ho has complete confidence in the correctness of this intel- ligence. [This is a correspondent of the true Russel! etamp, al though we were uot aware (hat there were two Russells in the country.—Ep. Henato.) The Gaceta Oficial thus intelligently comments on the strange news :— Although we do not credit the foregoing intelligence, which, in our julgment, requires confirmation from an. source, yet we insert it because we are persuaded the United States caunot look with indifference ou the design of Spain to reconquer Mexico and establish monarchy there, a& sume papers have announced somo of thom ‘having gone so far in this respect a8 to say that twelve ships.of-war and twenty thousand Spaniards are sufficient to impos terms on the goverment of Washington. We belie that thie United St are sufficiently powerful, notwi standing the struggle which now di serious Obstacles to Lhe projects of Mexico, and this willail the Mex for vietory, inasmuch as they have g!ori pro’ tueir love ‘of independence, and have before to-day ureasured swords with thei in order that the useless effusion of blood might } avoided, and for the good of humanity, we hope that | Spaniards will desist from their intention of invading Mexico. If they do not, en invasion will have no other effect than usele:sly to aggravate the enormous: which have been destroying the country, aud the transportation of European and Cuban soldiers to rishon the coast of Mexico. The conquerors of Tetuan we aequired with their ¢asy triumph more presump- tion than glory. They forget that the Atlantic is not crossed with the same facility as tho Mediterranean, and that tho coasts of the Mexican Guif, defended by free men, are not the same hose of Afriva, inhabited by abject and semi-barbarous Moorish slaves. ft is trnethat Caba is near to the country which they d quer, ond that on that i#land Spain has more than 40,000 soldiers; but it is no loss certain that the opinion of the Cubans—at loast of tho most intelligent—is not favorable to her. It might indeed occur that, without sueceodit jn the occupation of Mexico, Cuba may be lost to ¢ Spaniards, We repeat, then, for their own good and th: of the Mexicans, wi that the eovernment of lsabelia the Second will abandon their warlike efforts, All Spanish America will be alarmed as tom ae the first cannon it fired by the veconquerors against Vera Crus or against Tampico. Who does not see that, Moxioo ones ocoupied, the atterapt will be made immediately to incor. porate the Contral American and to linpose the joke on New Granala, Veneruela, Eouador, Upper and Lowe Pork, Chile, and the ans Ta Plata? This ‘would be a continental strogel , Without Herhen Cortes, Alvarado, Pizarro, Almagro, Valdivia, &c., who subdued Indians almost unarmed, and who knew nothing a®out gunpowder. The Spaniards of the present day are not of the same capacity as the captains of Charles tlie Fifth, nor are the Amoricans in such an unfavorabie position es the huebitants of America during che fret buif of the Six- th century. | Gor affections and eympathies bind us with powerfat | pradilection to the Spaniards; we prefer them to all ' + Exropean#; but all this will not resign us to | ' to tielr’ yoke, We love thom as brethren, ‘loner, more advanced and more cultivated than witas & nating over would fle. Pay hem fo the last oxt 7 noes of success in our favor, t “lees mo dewopter For tho same reason we cannot imagine how the progres- sive and liberal government of Madrid, which, for the last twonty years, has been 40 famous for ite discretion and sound views, could entertain such ruinous and ab- ‘Qjects of reconquest. But God males thoag mad whom he would destro THE FORT GANSEVOORT PROPERTY. Copy of the Indictment Against James B. Taylor for an Alleged Attempt to Bribe Alderman Dayton—Interesting Affidavit of Mr. Taylor Denying the ‘The fact that the last Grand Jury of the General Ses. siovs had found an indictment against Mr, James B. Taylor for attempting to bribe Alderman Dayton to vote for the purchase of the Fort Gansevoort property waa stated in yoslerday’s Heraup. On application the Dis- trict Attorney has kindly furnished us with a copy of the indictment and certain other facta in counection with the matier, which will enable our readers to understand this case so far as the partial evidence will enable them todo il the trial of the cause, when the allegation will be thoroughly investigated before the proper tribunal. It is understood that Alderman Dayton’s testimony before the Grand Jury was quite full; but of course it would be improper, even were it in our possession, to make it public at this stago of the affair. Mr. Dayton swore before the Grand Jury “that he had beeu approached by James B. Taylor @ho alleged owner of the property known as the Fort Gansevoort property, with an offer of money, as a reward or compensation for his vote and influence in promoting, in his official capa- city, the purchase by the city of Now York from tho aaid James B. Taylor of the said Fort Gansevoort property."’ ‘The following is a copy of the indictment:— INDICTMENT AGAINST JAS. B. TAYLOR, City and County of New York:—The jurors of the people of the State of Now York, in and for the body of tne city and county of New York, upon their oath present : That at the city and county of Now York aforesaid, on tle 10th day of November, in the year of our Lord one thousand eight hundred aad’ sixty-one, one Isaac Dayton waa a duly elected and duly qualified member of the Conmm:: Coun- cil of the city Of New York; that is to say, he, the said Isaac Iayton, was then ana there a duly electod and qualified and acting Alderman of the Ninth Alderioanic district of said city, and as such member and Alderman was thon and there duly qualified to take, and had thon and thore taken, his seat in the Board of Alderman of said city, aud was then and there fulfilling his duties; and the jurors aforesaid, upon their oath aforesaid, do further present that the said Hoard of Alderman, togetber with a Board of Councilmen, then and there formed the Common Council of the city of New York, which Common Council then and there had vested in it by law tho legislative power of the Corporation then and there existing, and kuown by the name of the Mayor, Aldermen and Com- monaity of the city of New York, and which Corporation then and there had authority by law to purchase, under ordinance duly passed by the said Common Couneil and duly signed oy the Mayor of the said otty, real estate for the* proper ‘and benefit of the said Corporation; and that in the passage of ordinances: every member of the Common Council had an affirmative or negative vote, and the right and authority by law, when daly present at any seasion of either of the Loards aforesaid, to exorcise said vote. And the said jurors aforesaid, upon their oath aforesaid, do further present that on the day and in the yoar aforesaid, at the city and county aforesaid, One James B. Taylor, late of the said city and county, with force and prepiqery knowing the Premises before recited as matter of inducement here. unto) intended and Getermined then and there to bg | before and nt to the said Common Council, a during the official torm of him (the said Isaac Dayton) as member thereof aforesaid, and nccordingly did thereafter bring before and present to the said Common Council, a certain matter and proceeding which might by law be and was brought before said Common Council, aud before him the said Isaac Dayton, in his official capacity aa mem- ber aforesaid. And tho jurors aforesaid, upon their oath aforesaid, do further present that the said matter and procecding which the said James B, Taylor had then and thore so as aforesaid intended and determined to bring before and present to the gaid Common Council in manner and form aforesaid, was the purchase by tho s2id Corporation from him, the said James B. Taylor (and for the uses and purposes of a pub- lic market), of a plot of land situate, lying and being in said city, bounded northe:ly by Twellth street, easterly by West street and Tenth ‘avenus, southerly by Ganse- yoort street and westerly by Thirteenth ayenue and the Nort river, and in which plot of jand he, the said James B. Taylor, then and there had an interest as granteo therein, and which purchase aforesaid he, the said James B. Taylor, then and there intended should bo made by an ordinance of the Comnion Council of the city of New York, duly paased by said Common Council, and duly signed by the Mayor of ‘said city, in the name and in tho b.balf of the Mayor, Aldermen ‘and Commonalty of the city of Now York, and upon which ordinance any member of the Common Council, and he the said isaac Dayton, as such meniber aforesaid, might and could lawfully vote. And the jurors aforesaid, upon their oath aforesaid, do fur- ther present that ho, the said James B. Taylor, well knowing all the} premises aforesaid, and with intent to influence the vote, opinion, judgment and action of him, the said Dayton, member of the Common Council aforesaid, upon the matter and proceeding before set forth, and which might by law bo properly broxght before him, the said Isaac Dayton, as such member, did, at the city and county aforesaid, and on the day and in the year aforesaid, unlawfally, wickedly and cor- ruptly offer to him, the said Isaac Dayton, as inember of the Common Council aforesaid, a sum of money—to wit, the sum of five thousand dollars. And soMhe jurors aforesaid, upon their oath aforesaid, do say that he, the Suid James B. Taylor, by the m inthe manner and form aforesaid, on the in the yoar aforesaid, at the city ‘and county af said, wilfully and corraptly did offer to him, the s Tsaac Dayton, who was then and there a member of t Common Council of the city of New York, a bribe—to wit, the sum of five thousand dollars—with intent to in. fuenee thereby the vote, opinion, judgment and action of him, the said Isavc Dayton, member of the Common Council aforesaid, upon the matter and proceeding of the purchase aforesaid, which maiter and proceeding it wus Jawful, as aforesaid, 0 bring, and which he, tle said James'B. Taylor, as aforesaid, intended to bring, and thereafter a3 afor ‘id did bring before him, the said Isaac Dayton, in his officjal capacity as member aforesaid, all which was against the form of the statute in such case made and provided, and against the paace of the people of tate of New York and their dignity. SECOND COUNT. And the jurors aforesaid, upon their oath aforesaid, do farther present thy ds, to wit,on the day and in the year afore: y and ‘county aforesaid, the said James B. fores and arms, wilfully unlawfully and corruptly did offer to one Isaac Dayton, who was then and there a duly elected, duly qualitied ana daly sitting membor of the Common Council of the city of New Yori, a sum of money, to wit, the sum of five thoa- sand dollars, with an intent then and there on the part of B, Taylor, to thereby then and there ction of him’,the said Isaac Dayton, as such member ef the Common Council aforesaid, upon a certain matter which might by law be brought before him, the guid Isaac Dayion, in his official capacity aforo- said, and which matter was a proposed and contemplated sele by him, the said Janvs B. Taylor, to the Mayor, Al- dermen and Commonaity of the of Y certain plot of gronmd for market in said city, an i iguinst the yao’ of the people of the State of New York aud their dignity. A. OAKEY HALL, District Attorney, When an indictment is found against a party he has the right to demand an examiuation before a magistrate, 80 as to give an explanation of the charge preferred avaiust him, Mr. Taylor did not have auch an investi- gation, bat he availed himself of tho privilege allowed by stotute to make @ written explanation. Subjoinod is a copy of his affidavit, together with an allidavit or G. ¥. Thomson, from whieh it will be seeu that thoy em phatically deny the allegation of the Alderman: — AFFIDAVIT OF JAMES B. TAYLOR. James B. Taylor, of the city of New York, being duly sworn, says, in answer to @ statement made by Alder- mon Daytop on the evening of the 26th inetant, in his place in tHe Board of Aldermen, that that very day av attempt was made to bribe hita,'and that James B. Tay- lor, the owner of the Fort Gansevoort property, had aj- proached him for the purpose of influencing hia voto; be bas net seen or spoken to said Alderman Dayton during the past twelve or fifteen days; that he has nevor promised, or offered, or agreed to give said Dayton any tmoney or other consideration with jatent to influence bis vote, opinion, or jndgment, either in the sale of the Fort Gansevoort property, orfany other matver pending before he Common Council. Deponent further saith th@® the said Alderman Dayton called upon this deponent about the time the special. committce was appointed on the subject of tho purchase of the Gansevoort property, and aswured deponent he was in favor of the purchase of said property, and stated many reasons why the city should ostablish’a marked line, and said that the passage of the measure depended much on the manner of drawing the report, and he than said be could draw the report better than any other person. That afterwards the aaid Dayton called on deponent again, and then talked over the matter ia reference to the purchase of said property, aud then said siace he had been elected Alderman he had been compelled to neglect his law bosiness, and that his business was at loose ends in consequence of such neglect; he had been com- pelied to use sotne trust funds; and that he wanted to make alosn to mect his necessities. Deponent then re- marked that he liad no money on hand; Day then said ho would be compelled to go into Wall strvet and raise it. That after walking the room a few minutes in much agi tation, he left, and since then, deponent, to the best of his recoilection, has not seen the said Dayton within the last two or throe weeks, J. B. TAYLOR. Sworn before me, this 28th day of December, 1861. 8. L, Macomuen, Notary Public, New York, AFFIDAVIT OF GEO. F. THOMSON. City and County of Now York, %—George F. Thom. , son, of the city and county of New York, being dal: sworn, doth dopore and say that he was present in tho room of the Board of Aldermon on Thursday evening, the “6th day of December instant, and heard Alderman Isaac Inyton, in his remarks on the parchase of the voort erage A then under debate before the paid Board, and, while occupying a seat noxt to the said Day. tou, asked hirn if it was tro that ho bad been offered money for bis vote on this subject, and the aid layton replied, No; it could not be couridered, per- haps, an ce of mouey for his yous, but “hat bo could have gos money for drawing up three payers,’ and fur- ther this doponent saith not. &. TP. THOMSON, Sworn before mo, this 28¢h day of Der ember, t8@1,S. L. Macounm, Notary Public, Now York tity. ‘Tho indiotment was framed tn necordancs with ¢he fivty-eecond seotion of the charter of 1997 Me. Lator R. Marah is 0ouv%at (or Mr, Tay NEW YORK HERALD, WEDNESDAY, FEBRUARY 5, 1862, THE NEW NAVAL EXPEDITION OUR PHILADELPHIA CORRESPONDENCE, Priuapgiara, Feb. 3, 1862. The Curtin Pennsylvania Naval Expedition—Action of the Troops and of Corporate Bodies Relative to I!~Proposed Composition of the Sea and Land Forces—The New Iron- Plated P} ‘Steamer-—Kemoval of Foity Pirates to Fort Lafayette, dc., dc. ‘The prevailing themo in this city, and indeed through. out Pennsylvania, is the exclusive nayal expedition for tho Southern coast to be fitted out here, under the direc- tion of Governor Curtin. Tho matter has been ventilated in the newspapers, and most of the trade and commercial bodies havo taken favorable action upon it. Gov, Curtin has been in towa since Saturday, aud his rooms at | the Continental Hote! have been crowdod with contractors in perspective, as well as many of the leading merchants, shipowners and capitalists. Influences at Washington are likewise laboring night aud day, and the Congressmen from this Commonwealth have been pledged to support the scheme. wi At the same time many sagucious citizens of not less. focal pride and patriotism ridicule the idea, chiefly upon the ground of its oxclusiveness. ‘ If the expedition suc- ceeds,”” say they, “well enough; but if it fails Peansyl- vania will never recover from the disgrace that her own vanity has eutailed upon her.” Others sasert that the local character of the expedition will furnish a bad precedent, so that aftor atime wo shall hear of ‘New York expeditions,” ‘Massachusetts expeditions,” &c., but no longer of national expeditions, In this way, it is said, local ambitions will be engen- dered; the ‘Governors of the States will no longer pull harmoniously together, and the troops, catching the State instead of the national spirit, will be themselves divided and lacking the common unity that has heretofore anil COMPOSITION OF THE LAND RLEMENT. Tho number of regiments now in process of formation in this State is twolve, three of which are cavalry and ry. ‘o (ur batteries, which, with two batteries of rifled cannon belonging to tho city of Phila- ts hia, will make six, as follows:—- onel C. noth, One Hundred aad Twoitth, in line, Seoond Pennsylvania artillory...........1) 2—Uiman's light battery, from Williamsport. 140 3—Wolf’s light battery, from Lawisburg. 120 .Seymore's battery A, Fifth rogular 120 '6—Rattory of Home Organization (Young Guard’ BIN CONDOM. . 6000 .ereceeresseeees, tees 6—Rattery of Gray Reserves or “Old Guar Total artillery, six battories INFANT! The following aro the names and numbers of the pro- posed infantry regiments, with the full quote of men in h, some of which, wewdelieve, aro already full:— Pifty-fourth infantry 850 fty-sixth infantry... 850 900 Col. Jos, H, Wilson, Ong Hundred and First ifautry. F. 4. Lehinan, One Hundred and Third infantry. 900 iandecker, One Hundred and Eleventh do. 900 Richter Jong, Fifty-eighth infantry . 850 ohn F. Stanton, Sixty-seventh infantry, 850 lo, Ninetieth infantry 850 egory, Ninety Grst infantry... - ++ 900 f regitnout would bo froin Washington,} ‘These ine regiments sum up, total infantry...... 7,850 CAVALRY. Col. R. Butler Price, Fifty-ninth, in Second cavalry.. 900 Frishmuth’s battalion, a 400 Gailagher’s squadron. . sees . 300 Pettitt sasienas skeen ‘The geand total of land forcos would thus be about 11,200 mon, and enough might be spared from Washing. ton to swell the aggregate up to 15,000 men. TS NAVAL FORGE. The ships it is also proposed to buy or to build here and likewise to recruit the full number of seamen needed to mau the war vessels. Coal and cannon can be pro- cured direct by the Reading and Ponnsylvania. railroads, aa the groat foundries at Fort Pitt and Phenixville are turning out rifled guns daily. Small arms are boing made at a foundry in Bridesburg, above Philadelphia, aud shell, shot, &c., are being carted duily from a balf dozen foundries in this city. As about fifteen hundred ship carpenters, caulkers, &¢., were lately distnissed from this navy yard, it is thought that, within threo or four mouths, @ couple of guaboats can be got under way in these watera, THE IKON-PLATED SCREW FRIGATE, ‘ now ina fair stuto of completion at Cramp's sbipyard, Kensington, has been included in tha proposed arrango” ments, and’ efforts will be made to Impress her into the expedition, Sho is 250 feot loug, 60. foot beam and 25. fect depth of hold, with three decks, and carrying eixteen eleven-inch guns. She draws sixtec feot of water, which will be a serious impedi- ment Lo getting her over most of the bars on the Southern coast. The crew will consist of oxe hundred aad {itty men. She is being rapiily tiuished, the iron plates hay iug been ali turned out from some of the city iron mills. Her tonnage is three thoggand five hundred. ACTION OF CITY RODIKS RELATIVE TO THE BXPEUITION. Governor Curtin had au informal meeting of business men called at thodixchange on Saturday night, aud after a Kpoech mid some discustion it was decided to convoke the bankers, the Board of Trade, the Corn Exchange and other public'bodies on suine evening during this week. ‘They wil then advize concert of action, and all tho wircs Will bo set iu motion to influence the President, the Sec- retary of War (already, it is believed, committed to the measure) and the Secretary of the Navy. Iwill advise you of any measures that may transpire, It is my be- lief that the prime motive of the ieagure is the re- plenishment of ome private exchequers@ere. TRANS¥KR OF PIRATES FROM PUILADELIMULA TO FORT LAPAYRITS, “this afternoon at four o'clock, bofore Judge Cadwalla- dor, in the United States Court, thirty-eight pirates of the vessels Petrel aud Jett, Davie were brought up ou a writ of habeas corpus aud handed over from tho custody of the Marsha! to the commandant of Fort Lafayette, Col. Burke, They will of course be exchanged immodittly. Fout of them refuse to return to their homes, dosir rather a prison and prison fare in the North than {recdom, which means conzeription in the South. They leave on Wednesday, por New Jersey Kailvoad, under custody of six United States Deputy Marshols, and will embark fort Fort Lafayette from Jereey City ’on board a tugboat. Four, likewise, bave been convicted of treason, the punishment of’ which is death. These are named'Wm. smith (captain), Thomas Qnigiey, Deniel Mullins and Edward Rockford. They bave been neatly clothed by Philadelplia ladies in sympathy with “secesh,”” except Quigley, who is accused of being a Unionist. MORE PRIVATEERSMEN FOR FORT LAPAY- ETTE. Another batch of privateersmen are en routefor Fort lafayette. They aro tv leave Phila hia to day, under the care of Deputy Marsbal Jenkins, and will arvive here about one o'clock. One of the Fort ¥ hag Prisoners for the mion. One of the Southern prisoners who has been confined in Fort Warren, and recently sent home, left the follow ing Jeter for the Boston H-rald:— As Lam about to leave this place for my home, in com- pany with my fellow prisouers,1 feel it my duly toe press my feelings (which are the teolings of all of us) to- wards the officers of this garrison. We have beon greatly and agreeably disappointed at the treatment we ha ceived whilo here. Lverything has been done for us tha! could in any way promete our comfort. We have been treated ag well, and, if onything, better than the soldiers stationed here,’ We a different feeling tow ed on coming here, for v (he Northerners were capable of vothing but meanness nud barvarily, We hove been told that, of all the North, Massachusetts was the worst, which we now find was @ base calumny. Since we hayé beon here we have had the best of medical atteadance from Drs. Poters and Rovo.ts, both of the regnlar army, who are perfect gou tlemen. We have had the same food and the same quan tity of it as the soldiers, and in every respect have been treated as noar like them as possible, considering we are prisoners. There are many of us who will go back home, not from a love of the Confederate government, but be: cause our wives and families are there, There are many among us who will not again raise arms against tho Union except (rom compulsion. Much praise is due to the two soldiers who attend ca (be hospital, who have done all thoy possibly could for one sick, the same as thoy would have done if they had their own men. J, for one, never fight against the Union again. IE EE FINANCIAL AND COMMERCIAL. think Guat Turspay, Feb. 4—6 P. M. ‘The following is a comparative statement of the exports, exclusive of specie, from the port of New York to foreign ports, for the week ending Feb- ruary 4 and since January 1:— 1361. 862. For the woek. 2,300,564 1,976.370 Previously repo , 10,541,280 11,228,421 Since Jan. 1. $7,978,400 13,492,004 28,199,800 Two-thirds of the above export consisted of breadstuffs and provisions, shipped almost entirely to Great Britain and France. We note a heavy shipment of tobacco to Lisbon. It is suggested in the tobacco trade, by the way, that the gov¥ern- ment of France should be permitted to receive the large quantity of tobacco owned by it in the rebel States. Wo presume that a request to be allowed to do so would he attentively considered by the government, and, if other foreiga nations made no objection, would probably be granted, upon pro- per proof of French ownership of the property be- ing produced. The intorests of the United States would not suffer by ® delivery of the tobacco, and its want is eausing considerable inconvenience in Trance. The monty market is rather casier to-day, though money is worth fully six per cent on call. The banks are calling in their loans, to brace themselves for the struggle with the government, which aooms to be impending. Paper is very Lenders are usiug their money in shaving Qrafts on government and audited accounts, on which a heavy discount i cash. The allowed emonnt nistauding against the govern- mont is roughly estima , $125 ,000,000, ant the guToring cased by theit aoa paymentis very great. Foreign exchange opened strong this moraing atlida > « }%, but fell off afterward to 114, at which rate most of the bankers were willing to draw in the afternoon. Francs range from 4.95 to 5.00, Geld rose this morning to 354, but afterward fell off to 324. At this rate there is no profit on exportations of coin. The California steamer, which arrived this morning,-brought nearly @ mil- lion in gold, andthe Karnak, for Nassau, took out $304,842, : & The stock market continues unsettled, though most of the leading operators are buyers and be- lievers in an advance. Prices remained pretty steady throughout the day; but at the close of business there was an increase of orders to sell, and the speculative shares gave way a fraction. Comparing the closing prices of the day with those of yesterday, we note a decline of 3¢ in Central, 4% in Erie, % in Erie preferred, }4 in Reading, % in Michigan Central‘ 1 in Panama, % in Mlinois Cen- tral, 4 in Galena, in Toledo, and % in Rock Island. On the other hand, United States stocks, State stocks, first class bonds and Pacific Mail were in better demand and improved. The 6's of 1881 rose 4, Virginias 4, Tennessees 34, Missouria %, and Pacific Mail%, The books of this company will close in aday or two for the February divi- dend. Tho continued decline in Ilinois Central is without just cause. The company has letter from government agreeing to pay them for carrying troops ‘and stores the same as other roads. With the opening of navigation, if the Mississippi expedition is successful, the road will do an enormous business. At the close to-day the market was dull, the following being the last quotations:—United States 6's, re- gistered, 1881, 88 a 24; do. 6's, coupon, 1881, 89 a 74; do. 5's, coupon, 1874, 78 a %; Indiana 5's, —a 76; Virginia 6’a, 62a —; Tennessee 6's, North Carolina 6’s, 62 a 24; Missouri 6’s, 41 a 41; Pacific Mail, 98°4 a %; New York Central, 82% 0 %; Erie, 33 a 34; do. preferred, 5634 8%; Hudson River, 3834 a %; Harlem, 12K, a %; do. preferred, 28% a 2914; Reading, 4034 a 1%; Michi- gan Central, 48% a %; Michigan Southern and Northern Indiana, 212%; do. guarantved, 405% a 34; Panama, 112 a 113; Illinois Central, 56% a %; Galena and Chicago, 65% a %{; Cleveland and Toledo, 4094 a %; Chicago and Rock Island, 5234 a %; Chicago, Burlington and Quincy, 61 a 62; Milwaukee and Prairie du Chien, 19% a 21; Cleve- © land, Columbus and Cincinnati, 104 a 106; New -| York Central 7’s, 1876, 102 a—; Erie third mort- Gage bonds, 93% a 94; Michigan Central 8's, first mortgage, 99 a 4; Illinois Central bonds, 7's, 9234 a % ‘The banks paid into the Sub-Treasury morn- ing the last instalment of their Jast loan to govern- ment. So long as they owed money to govern" ment they required.a certain amount of Treasury notes to pay up their instalments, and most of them were consequently willing to receive them up toa certain point. Now that they nee? no more notes for this purpose, the question has arisen, will the banks receive them any losiger on deposit? This question will generally be answered in the negative. Many of our bank presidents are willing and-anxioug to assist the government by every means in their power, and will pursue with great reluctance a policy which tends to injure the . public credit. But as the Treasury notes are not a legal tender, and no one can be compelled to re- ceive them in payment of a debt, the bulk of our banks will, for their own protection, decline to re- ceive them except as a special deposit. The ia- convenienoe and confusion which are going to arise out of this state of things can readily be imagined. Fonr-fifths of the currency at present in circulation here, in the other Central and in the Western States, consists of United States notes. Three-fourths of the business whi¢h is giving em- ployment to our manufacturers and merchants growa out of the war, and is liquidated in United States notes. All this currency is now going to be discredited. A man who has a note due at bank will not be able to pay it in United States notes, though there isno other money to be-had eny- where. A contractor who reccives $10,000 from goverument will not be able to pay his debta with it, except by the favor and indulgence of his debt- ors. He will be forced to take his United States notes into Wall strect and sell them for what they will fetch. And as nobody wants any more notes, it may safely be presumed that they will begin to depreciate at a pretty rapid rate. The 7.30 notes fell3 per cent the other day on # vague—and false——rumor that $20,000,000 of them were coming on the market. It is easy to calculate how: awiftly the United States notes—which bear no interest— will decline when they are shoveled ont et the rate of two millions a day. If Congress delays the passage of Mr. Spaulding’s bill a few days longer, we presume that United States notes will fall ten per cent, and that all other government securities will fall with them. It need hardly be added that were the former made a legal tender the banks would cheerfally receive them on deposit, and all the evils which now menace the business communi- ty would be averted. The friends of Mr. Anson P. Morrill, of Maine, are exceedingly anxious that we should say that we did him an injustice in this morning's Hxrap, by confounding him with Mr. Justin S. Morrill, of Vermont. It is the latter gentleman who, not content with having inflicted incalculable injury on our cause in Europe by the tariff which bears his name, now steps forward to impede the pro- gress of financial legislation in Congress by re- suscitating the impracticable scheme which was pressed upon Mr. Chase a few weeks ago by some meddlesome bankers from this city and elsewhere. Mr. Morrill’s plan contemplates the conversion ot the present Sub-Treasuries and depositories into banks, or, in other words, the establishment of about twenty United States banks all over the country. These banks are to begin business by doing what none of our existing banks have ever been able to do without ruining themselves—name- ly, by allowing interest at five per cent on their deposits. As these deposits will be partly Trea- sury notes bearing 3.65 interest, and partly notes bearing 7.30, the government will have the satis- faction, under this system, of paying 8.65 and 12.30 on the money it gets By this ingenious scheme. Atthe same time, as the existing banks will not receive any of this government money on deposit, it will depreciate in the ordinary transactions of business, and contractors will oharge enough on their contracts to pay them for the oss on their Treasury notes. Mr. Morrill’s bill ought to be entitled “a bill to embarrass. the prdlic finances, and to increase the cost of the war.” The business of the Sub-Treasury was as follows. to-day:— Total receipts ++ $4,620,034 71, —For custom . ” 294,000,00 On account of loan, 3,400,00000 Payments, including rodvemed 6p. ofnotes. 1,819,747 ST ANCO sees eevee eesenees vesees 4,049,878 04 Tho exchanges at the Bank Clearing House to. day were $17,938,078 91, and the balances, $1,926,190 20, By.an advertisement in anather colama, it wilt banoticed that Messrs. L. W. Jerome & Co. offer for sale $200,000 seven pet cent first mortgage bonds of the Galeta and Chicago Union Railroad Company. Avnexed aro the earnings of tha Hudson River Ratlroad;— 18 ‘ « $84,172 81 ‘The New York Life Inav;¢ance and Trast Compa: riy has declared a somi-senyal dividend of five per cent, payable on deryand: the City Vireo Tnewr ance Company, & seyni-annual divi tend of four dol lars and fifty cents per share, payable on the 12th inst; the New York Life Insurange Company, a script dividend of thirty per cent fn life policia issued ptevions to January 1 of twenty-five per Gen’ upon dividends herctofore declared hem