The New York Herald Newspaper, March 23, 1862, Page 2

2 NiW YORK HERALD, SUNDAY, MARCH 23, 1862, gene ir w the Last reudered Lue remiore & cessary, and the order was coun ermanded by tt tric wwiegraph, saving to this couutry, by fat Message, iu transport apd other items. at lovst fom for- ty to Mfty thousand pounds. ‘The previse mode of raising the capital is not yet determine |, nor, indesd, the cou- ditiyns under whieh the capitalists shoud be invited t come forwa sideration have somewh the short period Of these last dise sasions. resent the ivea seems to be that France would ver Sanction 60 that of Bugland and tue is supposed that If the throa governmont between thom. guarantee, for a given lease, a return, Say of tit: 6@ per cent on the necessary capital Of £700,000, the whole thing could be done, ‘and promptly. Now, the ovst would evidently be a irilie, One por cent upon Ln for England would be just £7,000 a year for an e ment which can at a finch, as we have seen, save us six or Seven times tMat amount, From what we hear, We are led to bolieve that sume of those who have must strongly resisted tho practice of jal guarantees are inclined tu this case to Waive their ob,ciions on the score of the manifest public utility. Scrupiea which might he suggested by the unstable condition of atfairs in America, and the recently doubtful relatiens between the two governments, would be groatly ed if a third Power were included in th» abisnce; since a certain breadth of international sanction would thus bo obtainad, aud the vindication of invioiability for the me. lum, au of the conditions to its establichm at, would bo secured ou something like a Europern basis. The London American, of March 5, bas a forcible article pee Subject, from which we make the following ox- “acts — Taking into consideration the immense advantages afforded” by telegraphic communication between the two continents, and the comparative ease with which t!.o undertaking ean be accomplished, the apathy of the Public mind upon the subject is sometbicg wonderful, Saving the absenca of this one grant link in the electric » two-thirds of the eartli’s circumierence are tra. versed by this mysterious thought bearing iustrument. You may stand in London, and, turning eastward, converse with your friend at Alri at St. Poters- burg, at Aloxandria, ab Bagdad, at Constaltinople; or you may penetrate withagpedd swifter thas the wings of the merning the frozen steppes of Siberia, to the remateat ‘Station, 3,000 miles beyond the Kussian capital. Weat- ward, vou are stopped at Valencia, the Atiaatic and arrived at St. Jo! few ciicks you may announce yo § cisco, Cailfornia, @ distance sof five thousaud five hundred miles toward the setting sau. And why should this one link be wanting to m-ke the chain plete—to unite the Old World with the New—the thi coutigents of the Eastern Hen: with the Pacifle coast? So fares this country is coucerued, thore fs not an intereat of public importance that would not be serv- ed by the compiction of this enterpriso. * * * Mr. Cyrus W, Field—a geniieman whose name will descend to posvority with scarcely 1 aa honor than THE ATLANTIC TELEGRAPH. PROPOSED REVIVAL OF THE ENTERPRISE, Negotiations on the Subject Between the British and American Governments, FAYOBABLE OPIMONS OF THE LONDON PRESS Important Data Proving the Certainty Attending the Undertaking, PARTIES READY TO CONTRACT FOR THE CABLE, Key ke, ee We quote from the London journals the following ‘Strong articles urging the British government to accept the propositions made by our Cabivet for co-operation in the completion of the Atiantic telegraph, the importance of which to the two countries has been so forcibly de- monstrated by recent ovents. ‘Tho London Star of February 28 says:— * Yurope aud America must not continue telegraphically @isunited. The Atlantic must not be allowed to interpose 8p evoriasting barrier to electric communication betweea the two worlds, The submorged and broken cable, with tho haif million of money expended upon it, is irrecover- able. But there reinains the precious memory of mes- sages interch: ina few minutes between the Queen ‘of Great Britaiand the President of the United States, In such a remembrauce there is more than the money’s ‘worth—the history of a glorious cnterprise, tho prophecy of renewed and permanent success, What was done once can be dove again, and done always. Mr. Cyrus Field,” @ principal promoter of the oxperi- ments made in 1857 aud 1858, ts now in England, bearing @ despaich from Mr, Seward to Mr. Adams upon this im- portant subject. Mr. Lincoln’s government are prepared to ask Congress to guaranteo two per cent upon a capital of 8ix or Seven hundred thousand pounds for twenty or twenty-five years, if England will de the same. Tho ar- Tangeinent “would of course include, as before, provisoes that the cable shall be at all times, in war ag well ag im peace, open to both that of his countryman, Profes snow Oba® goveruments for the free despatch of their ‘ = soma : Message. ‘Two per cent upon the eapital proposed would | Visit to England, for the purpose o oe cas. amount only to twelve or fifteen thousand pounds for @ach government—hardly a hundredth part of the extra @xpeuditure incurred by this country alone in conse- quence of the tardiness of communications en the Trent affair, Could Lord Russell and Lord Lyons, Mr. Seward and Mr. Adams, have conversed through the telegraph wires, two days would have sufficed to clear up the un. happy misunderstanding that spread itself over five or aix Weeks—doranging commerce, iniaming passion, and ex- citing alt the evil spirits of both worlds to a revel of ‘wicked anticipations and designs. Misehief must always. bave time to ferment. Intervational quarrels, like a'co. holic stimulants, are the results of a process, act of a momentary act. Delay, while it affords op- portunity of deliberation, tov often furnishes only Space for the indulgence of anger and the forma- tion of evil purzeses, But, apart from the Sreat political interests involved in the construction and Maintenance of an Atlantic telegrayh, the commercial in tercourse of the two countries wouid he immensely facili- tated thereby. The condition of markets, prospects of a sugar or a cotton crop, even the state of the weather ata ieee Moment on either coast, are subjects on which a shining rapidity of information is invaluable. Still more sensitively affected are thuse greatest oi all human intereats which make uo figure in the calguiations of the liticiam or the merchant. England and America are tho rsican Brothers among nations—so quick their sympa+ thies, se close thetr kinship; but they weed the electric coi! to supply the simultaneous consciousness of that mystical pair, Theroare thousands of families divided by nothing but that dreary space which the tole- graph would reduce to the distance between the two extremes of that little island. * = * go numorous aud highly esteemed are the public and Private uses of the telegraph. that the moat valid ob- jection to an Atlantic cable is the dificulty of makiug it carry allthe messages that would be committed toit, But that is not the sort of difficulty to deter men of sci- entitic and commercial enterprise trom engaging afresh in the great work of connecting the two conticents by a wiro stretching from Cape Clear to Cape Race, or some Gorrcs ending promontories. The old shareboiders are und +rstcod to be willing to refurnish the necessary capi- tal. The sum required would, at any rate, not long be ‘wanting, ia moderate interest were guarant-ed Ly the $wo governments. The most successful manutacturers of submarine cabies have informed Mr. Cyrus Fiold of their readiness to covstruct a wire that only somo such extreme accivent a8 contuct witha sbip’e anchor could Gamage. Mr. Gladstone is the great authority to whom Wwe must next look for encouragement. And the strength Of his repugnance to extrayacaut expenditure on unpro- ductive otjects is in itself assurance that he will aot ob- stroct, by an unwise economy, the compietion of a work worthy of the greatest nativus aad belpful to the happiest times. ‘The London Morning Post of March 6, after recounting ghe steps that have been taken torevive tho undertsking, thas comments upon them:— The form in which this 0-operative action of the two Countries should take place is loft entirely to the discre- tion of the British Cabinet. Ther are simply asked to airoit the principle that it would be advisable to extend their assistance to the undertaking conjointly with Amorica. A tener Bo conciliatory in reference to a Question so truly internat in its character can hardly moet with a repuise, even ware the interests of thiv country legs concerned than they undoubtedly are in the establishment of a telegraphic line to America. As it is, the economical and aiministrative wivantages that would result to Great Britaiu aud her North American colonies from the possession of the power of instantaneous inter- change of communication have long been so apparent as to demand that, undor any circumstances, no unavotda- bie delay should take place in securing it. The concent of authority that wonld ¢! result to al! dopa:tments of the government would alone, inte very short space of time, far more than cover in actual il guarantes or Other substantia! aid iat might be involved as its share in assisting to raise ihe new capital. ‘To show this it neods but to reflect that tho Foreign Otice would by this means be at once in direct communi- cation with our Mimister at Washington and with all the Britsh Consuls in America; that the Colonial Minister ‘would possess free and daily access to the Governors of the five British North American colo: that the Ad raity would trol over th mn nest devotion of the best years cf his deavors to enlist the attention of publ far, we understand, been favorably 1 have,is ominous of good for tho f countries, All who desire that their raut should accord with the spirit 0! the div offer a God-speed to his nuble efforts. Had l’ng! America been united by an electric cord wo suould havo escaped iguch of the ili tecling whick has been dor- @d and kept alive by unscrupulous parties on both s! of the Atlan! , fess warlike propar: more creditable and useful purposes. riences are fresh in tho memories of us all, and ar we fear, rankling in the minds of some, should take every means to provide against such unwiac and extravagant acticns in the future? The Atiantic tele- graph would be an economical bond of amity and friend- ship, and it is to be hoped that the liberal inducements for ita reconstruction offered by the U: States govern- nent will be as generously responded to by hor Majesty'a Ministers. OPPOSITION OF THE RIVAL ROUTE—MISSTATEMENTS OF COLONEL SHAFFNER. Colonei Tal. P. Shaffner, who is interested in the North Allantic tolegraph, by way of Iceland, Greenland and Labrador, haviug, in aletter to the Morning Chronic! made the statement that it was found impracticable to work in a single direct circuit the line from Malta to Alexandria, recently Iaid for the British government; and, furthermore, that a cable laid between the British dominions of Ireland and Newfoundland could not be worked commercially except at an original outiay upon the core of the cable amounting to nine times that re- quired for a cable by the Arctic route. The Gutta Percha Company of London publish, under tho signature of thelr secretary, @ Contradiction of these assertions, of which Tia best on have, thus That th We beg to say that we beliove the fact of the Malta and Alexandria cable being divided into three sections ‘was more for convevience than ary doubt as to its boing capable of working weil throughout its entire length. We can further state, without hesitation, that a suftably made and insulated telegraph conductor, laid intact be- tween Ireland ayd Newfoundland, can Le worked of. ficiently, both in ® commercial and ‘scientitic sense; and, we may add, that we should be prepared to goarantee tho efficient and satisfactory working of a length of 2,100 miles of iusviated telegraph wire as manufactured’ by ourselves, und submerged and maintainedin that state, Messrs. Glass, Ellivtt & Co. have ulso come out with the following in reply to Col. Wedid not recommend that the Ma'ta and Alexandria cable should be laid in three sections. On the contrary, we should bave much proierred to work it as a single continuous line. It was laid in sections in obedisnce to the direetions given us by her Majesty's government, With regard to our willinguess to lay a cable not ex eed- tag 2,200 miles in length, we would simply quote an ex- tract from a letter which we addressed to Mr. Cyrus W. Field, on the17in instant, in reply to a communication from’ that geatieman upon the subject. Wo therein Stated—‘'That we should not be willing to manufacture and lay asubmarine telegraph cable across the Atiantic from Ireland to Newfoundland, assuming the entire risk, as weconsider that would be too great a reapongibi ity for any single firm, but we are so confident that these points cau be connected by a good and durable cable, ‘that we ere willing to contract to do the work and stake a large sum upon its successful laying and working. We shalibo prepared in afew days to make youa doduile offer.”” LIST OF ALL THE SUBMARINE TELEGRAPH CABLES MANUFAC: TURED AND LAID DOWN BY GLAe, BLLIOT AND (O., LON- voy. © euabled to exercise (he most perfect con- orth American flect, and that the War stantaneourly direct the movements of ber a aud elsewhere. important additions 3 im Cat gemonts would bet These ar. Sea to the power and resources of t not doubt that Parliament would ung 4 extend to the Aulantic telegraph enterprise such moderate a4 Dut substantial aid az would, ian con on with equal re ase stance from the United States goverament, be efficient Danuie i in raising the capital required for carrytag it imto periua- Holland 4 Hanover ert aifect . Fiords March 1 gives the following ted with the two rival LttSilel Le uegotialions on the subject have ¢ public is to outer into the a in‘ormation ¢ r id be aware what r Sect ersous aro in ile field. Thos at loast two competitors: thet set of entorp: sented by Mr. Cyrus Field a8 the spokesiaan sé, Elliott and Company, as the y 2 vont » The Atiau rican main northern roote, via jogland, Grevo It is obvious that this plan’ invol three interruptions, if uot more the communications can be move rapid by tho # rupted and cireuitous route than by tho d { path th» elertric wave proceeding more slowly with length ened distance. A far me ertain and important Advantage, which seems to be offered by the of ehorter links iu the chain, is,that, inthe event of break mage to the ¢ » Fepairs would be p jonately easy, since the tajury would be liunited to a ‘iothor eircumstauco lends favor to cho ‘The Mam The making of 8 in the Northern States hag uf tis, that more European ht be drawn ‘ato a combluation to vindicato the already commenced; and, ns the production this year {9 y aut invioiability of this grest international com. | iigely to be largely in excess of any previous season, and for this cirouitous route would eutail au outlay | the trade in that article having a prospect of being more + Steel covered with kemp, very cable 1% nt and tata short Li 2 work wha watery sf att tn a Liverpool and He and the short Lin newiek, the first of wa Rogal Charter, in the gale recki-d, and the Others. by ships’ ‘repal in shallow w wires made sufficiently strong, ture of Maple Sugar. extion, On the other sid@, it is contended that the hich is estinat re reckouers, at nine times | brisk and widesproad it ia presumed a fow facts rolating Feige onpeenag to its manufacture will not bo uninteresting. foute; in We give belaw, from the census returns of 1860, tho tances al the size of the wire, the larger | gumber of pounds of maplo sugar mado in that yoar in tho dismoter t Che speed with which the fluid es. Tho faet that the Malte aud Alexandria cable is | thé Various States in whieh It is produced, and presume jaid in three sections bax nothing to do with the jaw of | that, in the Northern States at least this year, the amount electricity, but with the law of tade, It was supposed | will be doubled, owing to the high prices of cane that a large commorcial business would arise at Tripoli and Benghazi, and wt the former place the results promise | “88!3°— tofulll the expectation. As to damage, it iv maintained and with great show of reason, that safety depe upon depth of water than upon shortness Already the submarine telegraph cab by Glass, Elliott & Co., aud iaid down during « : goven years, amount totwenty four, with an agerounte lows... longth of 3,497 miles, The longth of the individual | on ky. cables ranges from three miles to Mfieen hundred, iho | Maire avorage being just one hundred and forty-four ritles. | ‘The whole mileage, with three trivial exceptions, i ie | \ ea assorted, has been wp to this time ia perfect order. One ane me of these exceptions, im the cable from the Isle of Man to few lias site) enee | eek England, has been repaired from a ermal boat ata trifling | NeW Mempshire 1,205, expense. The only accidents that have bappene! have | ‘The sap from which the sugar is mate ie token frota a beon causod by ships’ anchors, and none of the call ree, which te known: bgt variows, plaid, alietl ha hey illing for repairs.’ » bard maple and rock maple, It is oxtracted in liott & Co, are prepared to stake a large sum upon the | thy following maunor:—As soon as tho gua hogius to ox Successful laying and working of the transatlantic cable, hibit ite powor in the epring the tress are “tapped,” ‘whilst the Gutta Percha Company if also ready, under shy . e res bs A tertain conditions, to guarantee *« the oflicient and satis. | @enorally with on avger, and in tho hole {9 inserted a factory Porkingof-a length of 2,100 miles of ineuiated | pivco of clder, with the pith forced ont, #9 as to ad holographic wire ** tre peaange of the sup ae 1 £4 hae bb tific men will decide mpon the comparative faciti. | S* Pe*see ct the sap as t rans from tho tree, and it ties of the tworvutes. Certain legal impediment: thus conveyed into v beneath, The sap Supposed to encumber the northern line in the 8! ng A strom in . i aay ab . drops per tnitfute It rune only Whion the thormoraler isabove Pounds New York... ...10,957 484 New Jersey...... 2/107 932 India 1192 Ohio....... Pennsylvania. ... 2,926, ‘Tennessec Vermont. Virginia. Wisconsin Minnesota. 525 balente aiready granted to persous not belonging to tle bundre company; but with all questions of that king] we have at pressot nothing todo, —Indepeudentiy of heuefits con. AS elit ferrod on mankind by prompt communication, there can- | and if the weathor should ¢ ve in that gra Jot be the slightest doubt of the advantage here to buth athe ho ox of twoor thren d England and America. A single inatance will guliloos at | conde alvogother i fh pent tt laa st it@ force of ilivetration by having heen | The sap is driven Crom tho trunk ww! bra sof the tre @ Ow goverament bad or 4 vot red troops frou | into the rout ES a Clov Col & Cin i RE British North America to join the army tm Chins ayer Boral aye of tho Bun, and while in its upward course a | time the guns are fired. It may ba necessary to arate | 20000 ¢ unie- Lave chat he tap of the shie @ ttelf is sighted like a 7% pandently of the guns it con’sins, ‘ada dae la, thers- Pre, which % directed upm the obect, the guns rewl, ihe guns ae placed pars ry Partof itesoans through the aperture made with the | auger. Wih & continuation of cold nights and warm doys the say would ran for two or thro: Cosnaut wa m or frosty weathor would stop it altogether. At the close of what is termod ‘fa good gap day’? the liqnid is gathered by persons who gofrom tree to treo,gene- rally on snow shoos, with buckets, aud it isthusc nveyod to ho “sugar camp,” whore, during the might, it is boiled down uitil it arrives at the proper gonsistency. This lat. ter operation is performed im thig way:—Whoen it as- Sumes the thickaess of syrup it is taken from the fire aud stieinod into @ barrel, whore it is allowed to stand ‘h to Betile; it is then drawn off through a fau- cot placed in the barrolabove the sediment, and is again ‘oces# until the requirod aoltat ty t# attained, which is ascertained by dropping sume of the syrup on the snow, or into cold water. Th thew run iuio pans, bowls, cups, or any ether desoription of wessel that will contain ft, and allowed to cool and “A SARE CHANGE —ANY PERSON WISHING TO EN S86 MAY Purchase at a bargila the Stok Tires of an Old evtablished Hirdware Stores Ade 1, A., Brooklyn Post oldies, with real uaue, RA MAN WITH A SMALE: atures of the oldest Lc. N wharg, N. ¥., for sale cheap. rope etor thie res rent N A, PIERCE & GO. AKERY FOR SALI.—CORNER STORK, THE BEST iy Sixth wvenu 5 evcry in the beat of orde buainess; a good 0 WSCh2mt bs 9545 0C0 ChIRRKTsIA lia 98 wooks, but in- | win tue tower, ing the shiold is given (© one man, who ig ‘director, and who occu ie: posi ion in rear of tho two guns, from which hecan look over the e ize of the shivid wheu bringing its guna-to “ar upon the object Lo be firad at. Mm this position, the front upper duge of the shiald fittod with two stout iron ma:tiets, w 808.0 for a line of sight midship sections of our fluished iron peated in the const 3 an clevated Guneruith exta O do 3 50 Chi & Rook IR! ‘To protect his head will not be ro- doing & good ¢ ction of the shi ARMOR PLATES FOR 8 TO THE KPTOR OF TH LONI ON TIVES, Tn your impression of this day lord C, Paget is re- toa question as to amor plates, to have © of Commons last night Db rity, if any, was ye Tie admitted, at tho same time, tnat man of hatnmered plating prepared ) Company, which showed a grant Inde of plating tat had ‘Blomp 944, tieulars im jure u the bakery, 519 5 nuie, corner of Tuirty-first Hi, CUSHMAN, D FOR SALE—SITUATED ON O prominent thorou:hiares iu the city o: ported, in rep! submitted to the boil 1000 Missouri 6) AL PRACTICE AND RES! enty niles, or about on York; location healthy aud ane; hore had boon a spe the Tames Iron 3) riority over all the other boon tried. ‘That, howover, was. » #ir'giewp balauco of advantae was rather in &e-2 practice of ive 0, Address James B, ALE—TWO FIRST RATE LATHES; ‘and the ower flat shears, with chick: o..1uale by J, A. Bouenck, dumking OF ® machii.st, Inquire at Ibo Water Maple sugar can be manufactured for ten conta a pound, vorior in quality to cane sugars, it will com- Mand a ready sale at that price, favor of rolled plates. 0 bo alowed to state that the plates (four in number) roferred to by his lordship, which forming the Warrior target at Shooburyneas, were i) ail alt respects, both as to material and mode of man \fac ture, precisely similar to those now on the sides of the Warrior, and to those which are now forging for the Royal Oak and the Minotaur. Th your naval and mulitary intelligence of the 17th ,@report is givem of tho trialof armor plates at and hammered, and your report is that ‘‘the hammered plates supplied by ‘the Thames Iron Ship Building Company that it will very probably be the cause of reopening the question of Hi: ered v3. R oiled Armor Plates. us triale of plates forged b: miraity Inspectors during the pr of their manufacture have been mado, and stauce with the same suc Lia ole for matienute THE iRON-PLATEB NAVY OF ENGLAND. OR SALE—THE STOCK, FIXTURES A # beautifully uued up Tea Store uptown. The owner would sel) on favorable i dour below Thirtye CITY CUMMEROCIAL REPORT. Sarurpay, March 22—2 P.M, Froor,—Tho market was dull and inactive, but without change of moment in prices, 8,000 bbia., inoluding extra Stare at $6 45 a $5 65, and superfine State and Western at $5 25 9 $5 ST. Winrar was heavy and fastive, while salos were quite limited, incinding Milwa- koe club a $120, aud Western 65 of 25.000 bushels, at 08, a u Pork waa quiet and sales light, at $13 371g a $13 60 for Ler business on han ‘ail at $6) Ninth aveau Resistancey rrior, and Defence. {Frm the London Times, March 5.} All the bands at Chatham dockyard not required upon the Royal Ouk, 69, aud the other more urgent works at y «blishment, have been. transferred to the iron screw frigate Resistance, 18, 600-horsopower, which is ondergoing completion in No. 3 Dock, in order that every- thing may be prepared for tho undocking of that vessel hy the vate ordered by thé Admiralty Owiag to the unforeseen difficulties which occurred in com- pleting the Resistance ‘by Mossra. Westwood, Baillio & contractor’, the vessel on arriving at ayery unfinished state. The exertions mado, however, during the past few months by the dock. yard hands have omabled the genera! fitting and comple- ion of the ship to be pushod forward with so much vigor tha* in the course of a few weeks this dae iron steamer, which exactly resembles the Defence in size and tomnage, will be fit either for the pennant or th wuchever the Adinivaity may decide upon. Liko the sher’ bulwarks form @ straight lino fore and aft, and che !s wlso provided with a projecting Dow to enabie her to be usc as & steam ram, although it is the generally received opinion among nautical mon that with the great weight of the boilers and machinory eir keelaons, combined with the heavy and the Resistance are alto- ether uniitted for employment as steam rams, the y might inflict in remning down an opposing little likely to supply an equivalent for tho ve in the conflict. like the Defence, h Cunningham's be provided with four of the 110-pounder (late 100-pounder: ten 63-poundor twenty-five ewt. smooth bore guns, on her main deck; and on her spar-deck two 110-pounder Armstrong pivot guns, two 40-pounder Armstrongs, and two 32: supp y of shot and shell will class of vessel, and will consist of 240 common and 240 Segment 110-pounder sheila fifty of segment 20 pounder A: iustrong shells, 320 68-pounder shella, twenty,cases of 32-po:nder sheils, and 109 boxes of 24-pounder shells for the pinz:ace and launches. Her propor! wil be 220 110-pounders, 480 68-pouncers, 140 82-pound- ‘3, and 100 20 and 12-pounders. The amount of powder she will require will be 345 cases. ‘The Lords of the Admiralty have decided on having the armor-plated screw frigate construetion at Chatham dockyard, jower masts and bowsprit, whi factured for her at one of the lishments. The Roy: armor-plat lasten bor completion no o! Ses 5 many os and about her, and, in order be lost during the approaching nen will short), and lower deck iat Tho sales footed up about | TOR SALR—GOOD WILL OF LEASE AND FIXTURGS ote splendiaiy located coraer a ness aven cag v ; F wertesand ti nore Anquire 9: 198 11K SPLENDID AND WELL KNOWN pace 9 amusment, anova a8 Mag Park, mouth, both rolled roved to be ao superior red wintor at $1 36 « #1 38. Coaw was homvy, with s 590. in store to 60e. random by the y ful result. We are aware that many hammered plates from other matinfacturerd have nst Stood go well as some rolled ones, and no doubt of Lord C. Paget bas been founded on comparisons, but wo are sire that hisLordship did not mean to imply that only @ sing! mered plates had stood well aud shown any superiority, since the results of pumerous trials show that, on com- paring the best hammered with tho best roiled plates, the advantage is rather in favor of the former. JOHN FURM, Managing Director, ‘The Thames Iron Works and Sbip Building Company (limited). Orchard yard, Blackwall, f., Fed. 28. A AE TT “FINANCIAL AND COMMERCIAL. March 22—6 P. M. Money is easy at 6 a 7 per cent on call. The go- vernment indebtedness certificates are selling at 9824, which is an index to the abundance of money and the coufidence felt in the government. Foreign exchange closed dull at about 112, golé being worth 114 a % Stocks were inactive this morning, but prices were generally firmer. Governments were freely If the banks would keep out of the marketefor a couple of weeks they could sell just ag fast at 98 asthey are now doing at 94, most active of the speculative stocks was Toledo, which, as was expected, reacted fromthe decline of yesterday, and advanced 134 per cent before The short interest in this stock will apparently lose some money. There was no change at the.morning board in Erie, Cen- tral, the Michigan shares or the other speculative stocks. After the board the market generallyac-. quired more firmness on the news from Europe. At the gecond board everyihing was better. Toledo rose % per cent, Erie 24, Mlinois 24, Erie preferred. 24, and other stocks in proportion. The market closed firm, the following being thezlast quotations:—United States 6's, registered, 1831, 94 a 94; do. 6's, conpon, 1881, 91a pon,.1874, 8724 a 5; Virginia 6's, 6014 a 61; Tennes- );* North Carolina 6's, 70 a 71; Mis- @ %4; Pacific Mail, 96 a 24; New York Central, 8324 a 24; Erie, 3734 2 38; do. pre- ferred, 62% @ %; Hudson River, 3534 a 3624; “Harlem, 12%4 a 1524; do. preferred, 31% a 32; Reading, 42 a 44; Michigan Central, 5 Michigan Southern and Northern Indiana, 24 a 14; do. guaranteed, 4724 a 48; Panama, 120% a 121; Illinois Central, 66 ‘a 34; Galena and Chicago, 69 8 34; Cleveland and Toledo, 46 a %%; Chicago and Rock Island, 5654 a 57; Chicago, Burlington and Quincy, 63 a 4; Milwaukee and Prairie du Chien, 2614 a 24; Cleveland, Columbus and Cin- @ 113; Michigan Central 8's, first mort- gage, 102@ 104; Dlinois Central bonds, 7's, 94a ¥% gold, 10144 0%, ‘The Chancellor of New Jersey, in an elaborate and very able opinion, has decided the long con- tested case of the Zinc Company vs. the Frank, linite Company. The Sussex Register says that the amount involved in this controversy wasa property valued at one million dollars. The pending suit related to one-half of Mine Hill, located at Frank- lin, Sussex county, New Jersey, which, according to Dr. Jackson's report, contains nearly two mil- lions of tons of ore above water level. This ore, in admixtare with other iron ore in the blast furnace, produces a cast metal of ten thousand pounds upon asquire inch more than any gun metal used by the American or English government. gren tried the Frankiinite metal in connection with Cloverdale pig, a charcoal iron. The Franklinite is an anthracite metal. The result was that the tensile strength was increased fifty per cent over the charcoal iron alone. Franklinite pig in the market has been bought up within a few days, and that an English order for five hundred tons cannet be executed, this iron will make a boiler plate for iron-clad steamers superior to any in use. ler, safe manufacturers, have been trying many ex- periments by coating plates with Franklinite. The government should without delay cause these plates to be tested as to their tensile strength, and their tendency to resist cannon balls. The Frank- linite Steel Company leased a portion of their mines at Sterling Hilla few years since; but the parties have failed to do anything towards getting out ore or establishing a manufactory for turning the mines to a practical account. that the company is arranging for the resumption of the property, and intend to put up works soon for the reduction of the ore. The business of the’ Sub-Tre mt y—the 16th inst. mseives wth tha terms, premises, (rom now ull the middle of A» VL. MAGER, Proprietor of Palisade Pars, Wechaw: OR BALE—STOLK, FIXTURES AND LEASE OF AN established dow a (own Gro ery Stor. or an enterprising uisn with a sinall aah uly wilt addross Dowa Town Grocer, Herald ing to acquaint t Wurssay was hoavy and unsettled, and quotations were nominal; , 220. was Dit, and 240. a 2d Chatham was —— THE DRY GOODS TRADE. Tho following is a comparative statement of the imports of foreign dry goods at Now York for the week ending i since Jan, L:— i specimen of our ham- K OF DRY GOODB: 4 ip .ood ovder an Wier having done business AEB. TALC OPPORE Entered at the port. ‘Thrown on market. , Entered at the port... .$30.547,95 Throwu on market. steam reserva, OR SALE—A Poa a tirat'rate location, theve during te past tumty for any man with means to javest. Tie sock hi aged for cash exclusively, ant consinty of w gene- sister ship Defen 20,538,525 12,226,482 20,139,264 15,653,549 By the above tab'o it will be seen that the dry goedé entered at this port the past week were in excess of the for the same thn below those nent of Dry Gur uta low rent.” C4! 136Gran. at yee SALE Bary he Stire nnd Dwelling oan AT A BakGAIN, AN itable for “aw or river. For particulars ap- LP ALAN, 80 Cea ion SALE—A FIRST CLASS RRPLE: loon snd Restaurant; ENTIRE NRW iron masta, both the Defenc te be below goods entered for ¢ embraced $277,874; do. of cotton, $100,534; sik:, and miscellaneo .s, $16,077. in 1860 aad 1861 SHMENT 6A. will be sota for tess t value, For particulars app v No. 68 Wall street, ouicv of Ganun, Joruan & Bain, OR SALE—THE GOOD WILL AND CONTENTS OF a Laboratory being to tie estate of the dave T Apparavis, &. App'y to F $124,641; flax, $59,016, Total, $670,545. ‘The exporis have been very limited the past week. The spring trade with the Wi navigation continuing tu be obsti miseion and jobbing houses was | most active sales wore being made by tho aucti n houses, were pretty well attended; osirabie and seagona: readily at fair four months, with @ liberal sale cf ribbons cai ed inthe main satisfactory. A catalogue ol- shawis, iniported by Messrs. Benkard & Hutton, was ao'd : ‘Pho salo of hosiery was hoayy mt coxed with rather more spi ade during tho week, ctabracing mis- Celiancous articles at irregular prices, according to the styles and qualities of the goods offered. Cotton domostic goods were inactive, though with more signs of an in- crecsed demand at the opening of the spring trade with Heavy shectings and drills were held nomi- atide. Prints were selling moderately at 12c. fur colored grounds, including old Merrimacs, four por cént off, fourteen months ; Spragues at 11 $¢c., five per cent at 100, do.for Aliens. American and Dunnill printing cloths wore at Tc. for C4x' And challics were sellin per cent since thelist of February. casimeres and Meitous were active, stgles of new goods, Carpotings ver the prices currént last'spring. Black ‘in woolles were in fair demand at the concession from the highest Sigures four months sin t not having opened, ed, trade among coi hi and irregular, The ANY PERSON .HAVING A GOO: ous unnd: four-pull Beer Plump, bar coumer, « bles, can hear of & cus UincE bP which, as agovoral th while ‘staple, of fancy goods, soll under cast iron gure. ‘be unusually large for that taken at 941 and marble top ti + Cy Jersey City Post off (OR SALE—AT A BARGA boxes of common and |, 125 casesof 12-pounder , AS THE OWNER CAN not stiend to ft, the Fixtres of nm rm cliss cone Liquor store, om the Best. busin @ large Biore; rent FENEY, AUctionecs, OD OPPORTUNITY TO ENGAGE IN BUSINESS.— A stcca of atraw Gvods, tha Good Will of an old estabiisned ¢ unge for part cash and part real ea Gouis and Hats, Herald ollice, OCERY FOR SALE—WITH HORSE, WAGON AND Fixtures, on oue of the best corners {i cash trade ard iow rent; will be particulars {nquire at 274 Bleecker street, in wtore. LLER YOR SALE, YREIGHT OR CHARITR, rT ation, of 150 tons b: tol Chambers street, RY, IN THE NEW th avenue anu Fi tye and bake house, coim- a tile of on Wednesda, and realized fair ‘tion of solid shot moon, Other sales wero mi the afternoon board. Hate and Cups. sO Royal Oak, 61, under . Address Siraw jupplied with will be manu- Private estab- ted to be the first he Ninth ward; ‘soid cheap for cash, For of, four mouths, lightly at 170, a 190—a summer, the work- ed, amd everything fs in readiness for fixing the upper deck beams, which a of iron, aa soon as they have been received from thé con- tractors. 2 {From the London Times, The casing and extension Prince (iron frigate) is bein with weed assan experiment. The will be increased from twenty feet ugh downwards. Tue ship's’ bulwarks and main decks have within the last few days received their first coat of paint since she has been at Portsmouth. Her hammock net- r deck portlids are’now complete. Her however, are not yot out of the black. her hydraulic steer- by the contractor. BAKERS.—FOR SALE,, brown stone biock ¢ street; Msturea, cially for good mor, and aol do. 5's, cou- * ise of tho Bac rudder of the/Black g carried out at Portsmouth of the rudder Real Estate By Jamoe My Ml Satory brick ho st., 30.4 front, PRINTERS—FOR SALE CHEAP, A Han Pregs, Ruggies Ord ana bi Pica, lot Cnasea, J. o-Fonis, Wood Bypb, ac. Appig ‘ultor jew York. WILL PURCHASE THE STOCK D Md and well known corner Licnor winens: loycd. Apply to'T. GAP! les=March 21. see 6's, 5834 souri 6’a, 525, stabie and lot, 141 Enat 36th rear, by 196.6 and 161.8 B atory brown atone house and lot, 100 East 1th st, B5.036x92..046 4 story brown stone Bt., 25.6X103....00000000 House and lot 85 Fast Broadway, House and lot s. a. 55th st., 168 ft. cast avenue, 18.9x100.5, House aud leaso of lot n. 8. ssdlosesidest seen cee sescey Seas SOM00 house and lot, 159 West Lath Btore in the Ninth wari, dui uncdy ot men daily e 8.000. ‘smith’s shop, nor has the fitti ing apparatus ‘becn commen The iron screw steamship Warrior, Captain the Hon. arthur A. Cochri moa7e, where abe will refit and It ig expected that the Keyouge and St. Ceorge, mouth Sound, will shortly be romoved to Hamoaze. ‘Phe tron armor plates for the Royal Oak, 61, are to un- ing at Chatham, on their delivery by thecontractors. Inthe construotion of the upper deck of the vessel arrangements are to be made the distribution of the 11 ler Armst: which in this oiass of ship wil without directing bars. fence, 18, screw iron frigate, Capt. R. A. Powoll, . B,, steamed out of Portsmouth harbor shortly before igh water yesterday, and anchcred at Spithead readiness for her seeond trialof speed at the meas: mile, or her cruise in the chann may direct, The trial had been arranged to take place on Tuesday last, but on raising (he screw to examine it, in consequence of the ship's getting cn the ground in ri turning toher harbor trom her former tri to have sustained such damage that it became necesaar; blades, which had been damag as again put under steam. jesday, but too late for the trial to take place, and it waa, im consequence, postponed rong southwest gale, however, again postponed the trial, and the ship, as already stated, brought up at Spith structions from the Admiralty. the Defence yesterday again manifested great want of readiness in answering her helm, Her engines were re- versed on one part of her course to save her (rom getting upon the beach. The Defence is fitted with a bent iron tilier, similar to that of the Warrio great powor over her helm. to be of too great dia: s + it would appear to bo reme- t of her quickness of movement when sign of obeying her helm 1s to be trustod Tre eight men at hcr wheel seem to expend a great ileal of mu cular force without producing an alteration in (he ship's course in the time usually allowed. indicates @ lows of power somewhere betwaen the wheel The fauit, however, will, without ad, if possible, rouiiled before MORTGAGE OF Ti1I8 property bi he S.ate eral inlet a Wil bE “WANTED, A ‘ erm, for whic @ 1b G., box 179 Herat —THE STOCK AND FIXTURES OF A Puta mebeek LO male; san, portunity for w person with a small engaged In other busvese the for three days Ciutuicr, Hersid House and lot adjo’ Lot 8. €. 36th st,, 150 ft. east of 10th av., 25%98.9. House and lot 209 Wo-s 24th at. “) House and lot south side 12th etreet, 382 ft 6th avenue, 19x103.4 Tot south side s9th at. , Three lots south side 27th strcet, 85 fect cai Sd avenue, 75x98.9. Tot southeaat cor. of Lot adjowing above, om the De, do, di we defects mad. e Cooshing Store ine dergo the process of anne reasen for selling, Addresa ftw. of bth av. , 80100. 12,000 « rong ‘be placed on rear choek A ThaNTIG BAVING “DEPOSITS FRO Sx percent interest allo: cdon tis oF $00 hve per cent on sums over thataount. ov betore April) will pene spicreat as from that date. CitARLES D. B. iG: N CHATHAM QU ARK—Os Rs 0 8,00) KUKI VE! as tho Admiralty AILEY, Treasurer, Gore in rear of above. AVY PAY AND BOUNTY OFFICE, ROBERT SEWELL. 72 W: ensions, Bouny, Back Pay and i'rine Money coliccted, ischarged for disability and tho Leits o° those ted tocall. Uvize money prompuly __......, SHIPPING. Town, EXHIBITION RETURN TICKET: 8 Steam weekly to Liver .) The Liverpool, New York and P' pany intend despatching their fv fo'l wa:—GLASG to replace one of ii e by another, bofore the shi This was accomplished on collected for sailors. neenniowa, (Cork until yesterday. 5, ad pending further in- r ment in coin of tue coupous of semt-annaas teres: In leaving the harbor Wil become due on the Ist of Apri: proxime their tenor, by the Te od 8 ington, by'the Assistant Treasurers at Bos. and Piilade'ph in, aud by the Depos:wry 0 : Epis ORE. Saturday, Apr day, at noon, from pler 44, Nort Aamng ov rannaak Captain Dahl- aa, togethar with ant of each goepo which ought to ¢ barrel of her an of each parcel mi fication at least wheal, however We learn that all the Steerage from Liverpool NK, Third ay nue aud Twenty “fh street. 5 s it is said that howed on all sums from and the rudder head. doubt, be diseuvered the ship again gets TEST FIRING FROM AN IRON PLATED CUPOLA—AN IKON SHIKLD SHIP. (From the London ‘fimes, Murch 3.] imental firing from Capt. Cowper P. Cole's as resumed at Ports : apt. B.S. Howiert, 0. hip Excellent, and \was again satis(actory results, iu action, even to the hanging ot the fighting lit up, in ‘their places insida the cupola, ‘Tho was placed at 5,600 yards distance, and the prac- was exceedingly good, the second shot fired through tt. To two 100.p singly and together, aud in_quick flriug six rounds were Tho concussion from the dis- charge of the guus was but trifling, and was, in fact, found to be greater outside the shield than with eared of as offecta monte, aud the guns, with their carriages, worked with the greatest facility. held ship which it is proposed to build on this no masts, and when afloat will show to ove her deck merely hor funnel avd the tops Cieared for action, the ship's bulwarks i round ber level with the upper deck, a ong the centre of which are ranged her eupola shields’ resembling gigantic inverted tea-saucers, egch coutalning two one huudred pounder Armstrongs of eighty-sight shieids rest upon towars, which are aunk through the upper deck, aud aro fixed on'a turn- tavie on the deck below, which revolves, with the shield and men, as may bo required, Tho height of the shieid from the upper deck will bo about five feet, which will be but a siuall object for an enemy to fire at; shot can only strike itatan angle of forty-lve degrees. The m uns will be nine fect six inches from t water. Thesides of the vessel will becovered with armor ug, the form and arrangement of which may most for future consideration, as il] be commenced at Snoebury ‘3 that will be carried out both at hooburyness, with cellular and other certain to effect @ great change in our present mode of attaching the arimor plates to our iron Valentine & But- ora: the compan HE NORTH GERMAN LLOYD'S. J. \oa Santen commander, ca will sail from pier 80 D T NITED ST. Chambers atreet, Ue QUARTERMASTFRS: CER’ CONTR POR” 1A SOUTHAMPTON, KINGSLAND, Banker and Broker, N,, HAVRE souriTA any ; nd cabin, $60; stecre i & CO., 68 Broa ste nywers (0 MPTON AND BKEMEN, nders were fired many minutes. ‘TEAM TO LONDONDERRY, The Moutreal § 'y 28 on the last di: ry was as follows am, carrying the Canad 1 from Portland ne: TO LOAN ON CITY Pror East Fory-ninth atreat. LOAN OFFICES, T, THE HIGHEST C4 For passage apni ay, N % RLE, General Ag OA—FOR TAY he AFRICA, Jas. Sione, Cominander, will 6 J 7 jonia this morning carries ‘The Hamm 916, and the City of Washington $ are thrown down i A EAMSID by Fok MekrRce T77 BLEECKER ’ Pianos, Dry Guods, Se it. hundredwetght. The exchanges at the Bank Clearing House this morning were $16,869,807 66, and the balances $1,403,724 92, The exchanges for the week end- ing to-day were $115,376,381 05, being a d ily average of $19,229,396 84, againat $19,826,329 64 for the week ending on Saturday last. The Hart- ford and New Haven b quarterly dividend of two afd a half dollara per share, payable on the Ist of April at the Union Bank, The Chemical Bank haq declgred its regular quarterly dividend of six per cet, payable on the Ist of April. The annual election of the Michigan Southern [be held on the 2d of April, and the transfor book’ remain closed from April 2 to April 23, both inclusive, The Milwaukeo Sentinel says of the flour and grain in store at that point: ‘The Secretary of tht tained the amount of to have been 104,000 and the Africa, baggage on board. None but passengers ci boards The ASIA wil sail 4 NDIA CAMEL'S HATR SHAWLS BOUGI en tn exchange for dinmonu jes elr oply only from 9 ti IO A.M PLUMB, Diamond Broker, parse IT'S LINE LIVEPOOL AND LONDON PACK- MITTANCES TO ENGLAND, IREL jE TO OR FROM GREA rates, and DRAFTS, emma a mpere throughout M, can be oh" TAPSCO road has declared a 1€4, Plate and Jewelry, or bonght for oash, « Pecsons having old Gott hs 18 ANRICH, 723 Broodws - MEDICAL. ‘DER.=DR. BARROW, t jour doors from sMacdougal street, New \ cots 11 Ul 2, and from 4 to 8. R, COOPER, U DUANE STREET, MEMBER OF T! College of Physicians and Surgeons of be consinited daily at Lis oflice, from 3 in the morning ums in the evening. R. LINFS TREATS DISEAS ‘unparalleled bit vavly be @ subject the oxporiments that to-morrow, aud ot Portsmouth aod HOMPSON'S BLACK st IM BLERC KI jold ship will be 2,500 tons moasurement, and tunuted cost is, as Tar as cap Her draught of water is to bo only twenty fect, aud hor speed twelve and Defence, selecting hor by way of comparison, 18 3,668 tons, draws twenty-five feat s @ speed of 11-357 knots (sho will probably add another which is arranged to take place within a few days), and her cost has been nearly that estimated ‘for the shield ship, iunportant advantages will also be possessed by the shield ship over the Defence class. On a broad. iatter can only fight seven guns, protected by her iron plates, whereas the shield ship can bring her who tivetve to bear at one time uponany point desired, with vir- ir training, waoress the Defence is ven guns to some twenty-nine de- Pd DON.—TAP. RPOOb, AND M. TAP present, £180,000. Railroad Company at low rates, appa: ; VIA PANAMA, OE ea A oy writ leave New York on the lat, 11th except When these dates fall on'Suu- leparture will beon the Monday fole = ES OF FEMALES WIT je can be consulted a: 1S: Bas nar econ: avenue. 73 CAN BE. CONSULTED DAILY at 79 West Thirty eighth street, hali kuot ou her next t. d 21st of each mont! day when the day of lewing. ix Feet jhtor passage apply at the only ligg Green : D. B. Chamber of Commerce has ascer- lor in store here on tho Ist inst, bbis.. so that thy stock of flour in R, E. K, ROBER ‘tree of chai Suiltations by letter, TOR HUNTER HIMSELP—TNE rit wd tho Hunterwn Dispensary, No, 3 Die Who. estab vere eliy, 18, tash;can be consulted fra o'clock a night at the old office. Irivate ALLEN, Agent, LIA PIONEER Lt United States Mail.—The new Bri receipts of wheat sinco the 1ét inst. tothe amount in store at that dato gives us a bushola now on hand. go far ag ed, this is the largest stock e¥er bold b aggregate of 3,234,000 heat ajgno is eoncorn- ‘ny city on the be despatched positivaly 1h jas superior accommodations for first cabin pa: re, The fast sailing ship SOUTH AMERICA is now rapid Fy loading. aud will have quick despatch for Melbourne, Superior accommodations for first and secon! cabin paswen- rs, For freight of passage apply to R. tually no limit to th East river, and wil confined with her grees of training. In taking @ slightly oblique lo of her gun W. CAMERON, 9 POWERS TREATS ALL DISE. ‘with anparaileled 9 je ¢ Ad Laight street, Attends constantly. prone ntdidds R. WARD, AN EXPERIE Physi. iah and Surgeon, can ve cc fice No. 12 Lnizht street, private ent M. till 9B. BE dally. Stock Mxchang Satdnpay, March 22 100 shs N ¥ Con 6 do. tures gis from the bow or stern, as) the o Zt is anvient that, in any contes the thield thip be to heey this position as long as she c el ppred to her at leisure, Coles has arrange KANGAROO LINB FOR MELBOURNE. 1858.—To atl forty day: 5 i d 50000 US 6's '81,cou ith another ves faster of the two, she comntodailona fe A roomy aud comfortable. t River, or to MILLER, LORD & QUPRAU OR HAVANA. 19 pen ein 10044 passage apply of PROFESSOR B 37000 Tonn 68, '90.. 461 Erie RK p 8, Lid Liberty tates mati steamship | MEMBER OF THE N ft NO, 6 City Hal N. Hp atetoma as above, 1 kia «low =