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4. NEW YORK HERALD. JAMES GORDON BENSET?, EDMOR AND PROPRIETOR, @errwwE MN. W. CORNER OF FULTON AND NASSAU STS AMUSEMENTS THIS EVENING. we GARDEN, Broadway.—Tus Wires, 4 Tats oF WALLAOKE'’S THEATRE, Broadway.—Ouiver Twist. WERY THEA’ i - NEW no ‘TRE, Bowery.—Two Hignway- OLYMPIC THEATRE, Broadway.—Jzssts Brows. BROADWAY THEATRE, Broadway.—Tam Ancu. oF ‘Mipmoar. BOWERY THEA’ ‘Tror—Pappr Muss’ NIBLO'S GARDEN, Broadway.—Fanouon. agneres MUSEUM, Broadway—Two Living WHaLes— ta WIRG ALLIGATOR—| Wowan—Giaress. Evstacus UpIK, Open Day and , Bowery.—Auseatui—OLp Daur BRYANTS’ MINSTRELS, Mechanics’ Hall, 472 Broad- sap fenocas bone Damen bomaagan oes Hauwrep Hove. WOOD'S MINSTREL HALL, 514 Broadwa: ‘Sones. Danoas, 46.—Tax Sinan an this ETHIOPIAN os BR'S HALL, 585 Broadway.—San Faanoisoo > Shichns, Dasorne, Bae hue Wins Savin HB) ‘wneis—] HOOLRY'S HALL, 201 Bowery.—Sam Snarrcer's Mur- wet Concert—CarmivaL or Fon—RicwaRp AMEBICAN THEATRE, Bo, 444 Broadway.—Raccars, Pawrouimes, BuxiEsqoxs, £0.—Tax Scout or tax Potomac. NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— ‘Open from 10 A. M. till 10 P, M. New York, Mon: July 3, 1865. THE SITUATION. Prosident Johnson's condition was considered worse yesterday than it has been at any previous time since his Present il!ness, though he was believed not to bo in im- modiate danger. To-morrow, which completes the cighty-ninth year of our national existence, will be celebrated in the me- tropolis and the surrounding cities, as woll ag @broughout the country, as the republic’s birthday has never yet been celebrated. Heretofore we havo glorified our nation’s birth, existence, freedom and prosperity ; but on this Fourth of July we will rejoice, in @ddition, over its salvation and increased power, after a desporate four years’ struggle. Everywhere the demon- trations and enthusiasm will be on a scale incroased ‘over those of previous years in proportion to the mag- ‘Rificence and importance of the late war's results, In. this city the morning will open amidst ringing f bolls, booming of cannon and waving flags, ‘goon after = the ~— military —_procession ‘will commence moving. The day will be observed ina variety of appropriate ways by numerous associations, ‘and the quantity of powder exploded will nadoubt be gomething unprecedented. There will also, of course, ‘eve large number of excursions to convenient rural wosorts, and those cf the Heraiy's readers desirous of celebrating the day in this manner, as well as in other modes, can make their selections by referring to our advertising columne. The State Department in Washington has received the official communication from General La Marmora, the Italian Prime Minister, to our Minister in Italy, giving notice of the formal rescindment by the government of King Victor Emanuel of the order according belligerent rights to our Southern rebels, and of the restoration to our national vessels of all the privileges accorded to those of other Powers. We have already announced tho breaking up of the Army of the Potomac, the retiroment from its command of Goucral Meade, and the consolidation of the troops thereof ‘still remaining in the service into a provisional corps, numbering some sixteen thousand men, An ad- ditional order of General Meade regarding this reorgani- zation is published. The remnant of the army is tobe formed into three divieions, which will be under Major General Wright, late commander of the Sixth corps, and regulations had accordingly beea adopted by sovera! European Powers. . American securities, had again advanced considerably. Five-twenties were quoted on the Slat et 11% 8 TIX. British consols closed at 9034 a 903. MISCELLANEOUS NEWS. ‘The government supply steamer Fort Morgan, if com- mand of Acting Lieutenant Commander Eaton, from ‘Matagorda, Texas, by way of New Orleans, Mobile, Pen- sacola, Key West and Fortress Monroe, arrived in this port yesterday afternoon. ‘The naval steamer Owasco, Lieutenant C ommander ‘Abbot, from Sabine Pass, Texas, on the 10th ult., vie Pensacola on the 22d, also arrived here yesterday. ‘The steamship Chase, Coptain Rogers, from Savannah on the 29th ult., arrived in this port last night, Nothing of great importance had transpired in the Department of the South since the date of previous advices, A condensed but interesting history of the island of Hispaniola, St, Domingo or Hayti, as it bas been succes- sively denominated, and ospeciaily that portion of it now forming tho republic of St Domingo, from its dis- covery by Columbus, in 1492, dp to the present time, is given in the despatch of one of our Havana correspond- ents published in this morning’s Hurano. ‘The National Democratic Association have issued from ‘Washington an address to the democracy of the country, urging them to rally to the support of President Johnson. The Young Mon’s Christian Association have with- drawn from thelr arrangements for the purchase of Ford’s theatre, in Washington, and it is reported that the building will shortly be again opened for theatrical purposes. The interesting ceremony of ordsining young men to the ministry took place yesterday in the Memorial Pro- testant Episcopal church in Hammond street (Bishop Wainwright's), at whioh the venerable Bishop Potter officiated, assisted by a number of other clergymen. ‘The applicants for admission into holy orders were atu- dents of the Theological Seminary in Twonticth street. A very large congregation assembled on the occasion, and the ceremonies were very impressive, the exhortation being delivered by Rey. Kdwin R. T. Cook, after which the Bishop, laying his hands on the heads of the knecl- ing neophytes, consecrated them to the ministry accord- ing to the ritual of the Protestant Episcopal church. ‘An address was delivered last evening in the Twenty- cighth street Baptist church on the condition of the freedmen, by W. Howard Day. He treated tho subject in a masterly way, pointing out the mannet of reme- dying the evils under which the colored man is laboring. Yesterday, the festival of St. Peter and St. Paul, was celebrated with more than the ordinary ceremonies at the Catholic church of St. Paul the Apostle, in Fifty- ninth street. Archbishop McCloskey and a number of other distinguished clorgymon ware present. The ger. mon was preached by Rev. Dr. McQuade, President of Seton Hall, South Orange, N.J. The music on the occasion was of a superior ordor. A fire, the origin of which is unknown, broke out be- tween ten and eleven o'clock last night in the upper floor of the hoopskirt factory 95 and 97 Chambers street, and extended to the floor below, destroying property, in stook and building, to the oxtent of about thirty-thousand dol- lars. The following commitments among others were made by the police magistrates yesterday :—-William Sherman, proprietor of the Sherman Cottago, in Bleeckor street, near the Bowery, and eight other males and eight fo- mates found inthe place, on complaint that tho house isa resort of thieves and other bad characters; John Underhill, William Smith and John Stephens, afegod “pundle tpieves,” whose vocation is to steal parcels from errand boys, in which it is charged the prisoners havo boon extonsively engaged; James Carroll, alias Timothy Kano, charged with being the person who some nights ago Atiacked Mr, Jacob Brady, of Iowa, in Loxingtou avenue, ‘and robbed him of nine hundred dollars; a youth of nine- teen, named Timothy Norton, charged with picking up and retaining a pocketbook containing two bundred and fifty doliars accidentally dropped by Mr. James Kain, of ‘No. 179 Fast Twonty-second street, and Roso Kelly, on charze of attempting to pass counterfeit moncy—a ten dollar bill on the Girard Bank of Philadelphia, and a five dollar one on the Union Bank of Troy, N. Y. ‘The New Hampshire Logislature adjourned on last Saturday forenoon, after passing a resolution in favor of untvorsal suffrage. Accounts continue to reach us of furious wind and rain storms at the Northwest, in the States of Ilinois, Towa, Wisconsin and Minnesota. Thero have been strong blows and heavy rains in our own soction of country during the past two or three months, but uothmg to com- pare in destructiveness and violence with those with which the people in the States men- tioned have been visited, “if their telegrams and newspaper statements are not exaggerated. Tor. nadoes have swept over that region which it is roportod have prostrated houses, trocs, and everything in thoir paths, and killed and injured inany persons; and on Thursday last Dubuqne, Towa, and vicinity were visited by arain storm of unprecedented fury, accompanied by will be stationed for the summer on the Baltimore and Ohio Railroad, west of the Monocacy river. Some light is thrown upon the hitherto secret history of the fnitial proceedings of Jeff, Davis’ Southern con- federacy by General Wilson's recent capture in” Georgia of documents and archives containing «record of the pro- c5odings of the rebel provisional government at Mont- gomery, Alfbama. They show that the rebels lost 00 ‘time, “when onco they got fairly at work, in organizing their provisional gov- ernment, which they had in full operation in less than five weoks from the assembling of their ‘ national’? congress or convention. In the work of framing their constitution tne documents show they had considerable tinker’ug and discvesion There was @ wiroug feeling in favor of maming their Southern the “Republic of Washington,” which ‘was only defeated by a majority of one vote im: favor of the title ‘Confederate States of America.’ There were long debates over propositions to Ansort én the preamble of the constitution a rocognition of the divinity of both the Old and New Testaments of the Bitte, and in the body thereof a provision enforcing the observance of the @bristian Sabbath. The formor is ‘undorstood to have-been voted down out of respect to Judah P. Benjamin, and the latter in deferenco to the ‘wishes of the people of Louisiana and Texas. Many other curious disclosures, besides those noticed, are mado by these documents. ‘The following discharged troops arrived in the city yes- torday:—The Sixth New York artillery, about seven hundred men; the Naval Brigade, or Thirteenth Now York artiliery, six hundred men; the Fifty-uinth New York infantry, the Nineteenth and Twenty-olghth and a detachment of the Second Massachusetts infantry, the First Massachusetts cavalry and the Fifth New Hamp- shire infantry, The Sixty-ninth New York infantry, the advance of the Itish Brigade, arrived at an early hour this morning, EUROPEAN NEWS. ‘Tho steamship America arfived at this port yesterday establistiment with @uropenn advices to the 21st ult., three days lator than those previously received. ~ The Paria Patrie repeats, probably on no better author- ity, the statement originally made by the Memoriat Diplomatique and the London Owl, that Great Britain dootined to entertain tho question of compensation for the robe! pirate Alabama's depredations, ‘Tho torms of the Canadian ngroement had hgen lald before Parliament, Mr. Disracli, the opposition leader, ought to raise o discussion.on the subject; but the goverament avoided the question. Tho negotiations between the Pope and Victor Emanuel taro said to have been broken off on the question of the Dishops taking the oath of allegiance to tho King. ‘Tho Prassian King’s specch from the throne, as read by Horr Von Bismark at the diseolution of the Chamber of Doputies on the 17th ult., proves to have been a re- markable document, The King roundly. rates bis eub- fects for refusing wo pass the badeet and his war expendi- ture, and assured the Deputies almost in so many words of his intention to govern the country without them. ‘The Emperor of Russia had been speaking plainly to hie Polish subjecta, Ho warned them against -vain @weeme, and assured them that the present Czarewiteh (wep Worthy to succeed to the throne and would follow (Out tap father's policy hed broken ont in Eaypt, aod quaraoting lightning the moat vivid and thunder of the loudest. ‘The rain poured down in torrents for two or three bours, flooding the town and country, washing away railroad embankments, bridges, culverts, aud furniture from dwellings, and doing am immense amount of other damage. The Negro Suffrage Question South—The Truc Policy of the Southern States. The great object of the late rebellion was an independent Southern confederacy, resting upon the corner stone of African slavery. It was a rebellion of the Southern slaveholding aristocracy for ihe maintenance and extension of that. “peculiar institution” from which they bad derived their wealth and their social, political and commercial power. They thus plunged into a revolutionary struggle, the issue of which, aftera year of témporizing on the part of the government, was reduced to the simple question whether the Union or Southern slavery should be destroyed. Upon that issue the battle has been fought out, and with the overthrow of Davis and his confederacy this Southern institution of slavery has ceased to exist. It is destroyed, and with its death, the compromises of the federal con- stiiution, the laws of Congress, the black laws of the late slave States and of the free States, and all the political dogmas and ideas upon which this sydtem of slavery depended, must be numbered among the things of the past. The Dred Scott interpretation of the constita- tion from the Supreme Court, under which “the negro has no rights (political rights) which a white man is bound to respect,” goes with all this othor rubbish into the dumping ground of slavery. The slave States have passed the ordeal of a great revolution. Old things are done away among them, and all things have become new, socially and politically. Their four millions of slaves are changed to four millions of freemen. They were chattelsa—they now claim to be citizens. What is to be done with them ? The Presidont of the United States has turned over this question to certain specified loyal white voters in the late robel States, in their work of reorganization. To these loyal whites belongs the task of settling this question in the revision of their several State constitutions, or in the initial measures of their new State Legis- latures. Now, looking simply at the local, social and industrial interests, and at the na- tional political interests of the Southern States, it appears as plain to us as that two and two make four, that it is the true policy of said States to concede the principle of negro suf- frage in their work of State reorganization, whatever may be the limitations prescribed. It is clearly the interest of the late rebel States to get back into Congress as soon as possible; but there is great danger of their exclusion from both houses for at least two years to come, upon this question of negro suffrage, and they may possibly fare no better in the next succeeding Congress, if they persist in the total exclusion of the black race from the ballot box. The disorganized Southern States mar thes continge to be governed practically by « radical North- een majority in Congress as refractory terri- tories, and to their serious prejudice in every ‘way, for an indefinite time to come. On the other hand by the princi- ple of negro suffrage, in addition to the Presi- dent's requisitions, the readmission of every State now excluded from Congress is secured. The principle in question may be conceded without much difficulty. We believe that under the present law of suffrage in Massachusetts and Connecticut, all male citizens of all colors, over twenty-one yearsof age, who can read and write, are admitted to the ballot box. Suppose South Carolina should adopt this law, would Massachusetts or Connecticut have any right to object? Tobe eure, the great mass of the South Carolina blacks would be thus excluded for s time; but under this regulation a wide field would be opened for enterprising Yankee schoolmasters. But the great point is this— that “human rights,” as granted in Massachu- setts, at the ballot box, will carry South Carolina, by the aid of Massachusetts votes, back again into both houses of Congress, and every other Southern State concerned. Let the responsible loyal white voters of those States bear it in mind that slavery and slave codes are abolished; that their negroes are free, and that if they are’ not made the political allies of the Southern whites they will be used by their Northern political enemies, Let these things be remem- bered, we say, and the prejudices of race and caste, in this broad political view of the subject, will not be allowed to stand in the way of the restoration of the late rebel States to Congress. There are, be it also remembered, three mil- lions of these emancipated blacks in the South. In the cotton States they constitute more than one-half the population. They are now within reach of the politicians, and, if not appropri- ated by the South, they will be used by the Northern radicals, and there is ne telling to what extremities the conflict upon the issue of political rights between the two races im the South may thus be carried, if once begun. The responsible Southern whites, however, may avoid all (roubles in the future by taking this business into their own hands, and by making the blacks their political allies and followers. Before the Northern abolitionisis kindled the: fires of a sectional agitation of slavery, free blacks were permitted to vote in several slave States. Cave Johnson, it is said, was more than once returned to Congress from Tennessee by negro votes. It was the Northern agitation of Southernslavery that shut the door against negro suffrage in North Carolina and Tennossee, and created all those siringent slave codes and black laws‘which have since existed through- out the South. They were adopted for the pro- tection of slavery. The same sectiouat agita- tions have filled the Southern mind with its ultra notions of alavery-as a Divine institution, and of the negro as beneath the amallest politi- cal privileges. But what does all this signify now? The ter- tible revolution which has swept away this in- stitution of slavery, calls for a change in all these things. The Southern whites, in losing their absolute command over their blacks, and in having them turned loose upon the commu- nity, must now conciliate them. In doing this, the responsible white class will act wisely in stifling this rising Northern agitation of negro suffrage by uppropriating it as a Southern po- litical balance of power. The Troubles of the Canadians—Theo Con- federation Scheme. The mission of the Canadian delegation to England has ended, and a despatch addressed by Mr. Cardwell, the British Colonial Secretary, to Lord Monck, Governor General of Canada, places before us the result of the negotiations. Messrs. Macdonald, Cartier, Brown and Galt sailed from our western shores to seck from the government of Great Britain advice upon five cardinal points. 1. How to bring about a confederation of the British provinces on this continent. 2. How to defend themselves in case America should feel disposed to gobble them up. 3. How to get back the Reciprocity treaty they had forfeited. 4. How to obtain possession of the Hudson Bay territory. And lastly and chiefly, how to get out of their pre- sent condition of helpless impecuniosity. To solve these difficult problems the Duke of Somerset, Earl de Gray, Mr. Gladstone and Mr. Cardwell—the chiefs of the British Navy and Army, Financial and Colonial departmenta— were calted in council, Many secret sittings were held, and long and earnest deliberations took place. The end of it is that the delegation have returned to Canada with one or two vague promises, several more definite refusals, and the prospect of immediately and heavily increasing their present financial burdens. As to the Reciprocity treaty, the: British government promises to do its best to obtain its renewal; and with regard to Hudson’s Bay, engages that if the “rights” of the Hudson’s Bay Company can be obtained by the Cana- dians, who have always been foremost in deny- ing the existence of any such rights whatever, the government will help them to complete the purchase, with an imperial guarantee. The completion of the confederation scheme is made the basis of the structure. This was done at the request of the delegates themselves, and with an obvious motive. Of the provinces which were included in the scheme two—New Brunswick and Prince Edward’s Island—reso- lutely hold out against the measure. The British government, we are told, will not coerce von the weakest of the objecting colonies into compliance with the project. The course they have taken, however, is rather a remarkable one. The Governor of New Brunswick, one of the principal opponents of the scheme, has been removed—promoted it is termed—to another sphere of labor; and confederation bas been constituted the only door by which any of the British American provinces oan hope to gain access to imperial favors. This may not be coercion, but it certainly looks like it. Assurances of Canadian loyalty and British maternal affection appear to have been ex- changed with refreshing but unsatisfactory fervor during the diplomatic deliberations ; but when the time to put these mutual assu- rances to a practical test arrived the back- bones of the diplomats stiffened considerably. ‘The British government were aeked what they were about to do in the way of fortifications. They replied by pointing to the Parliamentary vote already taken for the fortification of Quebec, and there stopped short. A similar question was put to the Canadian delegates. They promised to spend million dollars « year in maintaining the militia, and at thi# point they also halted. Great Beitain drogped « hint shout the Woatern fortifentions. ee Ee Thus reste the Canadian imbroglio. If we can do anything to assist our neighbors, if they will only let us know, we will willingly lend | them « hand. The Celebration of the Glorious Fourth of July. In Europe every country has its patron saint, There are St. George, St. Dennis, St. Patrick, St. Nicholas and dozen others of more or lesa renown. In this country we are too pious and too sensible to make saints of our great men. Washington, Lincoln and Grant deserve to be canonized quite as much as those persons who have been thus honored in Europe; but that is not our way of rewarding virtue. So, instead of celebrating saints’ days, we group all our worthies together and perpetuate their fame by a grand celebration of the national birthday— the Fourth of July. The old nations of Europe have, in fact, no natal days. They drifted along from barbarism to civilization so impercepti- bly that it is now impossible to fix any definite date for their origin. It may be said of them, as Topsy said of herself, that they were never born, but just grew up. We, on the contrary, were ushered into the world upon a new prin- ciple and with some ceremony. History care- fully recorded upon her newest and brightest tablet the day of our birth, and the anniversary will be enthusiastically celebrated until the end of time. In a letter from John Adams, announcing our declaration of independence, he predicts that the Fourth of July will always be com- memorated by the ringing of bells, the firing of cannon, the flaming of bonfires and the cheers of the people. The pre- diction of the brave old patriot has been verified. Every year, as the day comes round, Americans indulge in a general jubilation. At sunrise and at sunset the bells chime and the cannon: thunder forth a welcome and a farewell to the anniversary. All day long the ihoessant reports. of pistols, of toy artillery, of ‘fire crack- ers and of torpedoes delight the ears of Young America. A’ noon perspiring orators shout the national glories, flatter the American eagle ant shake ‘their eloquent fists. in the face of the cowed and terri-; -fied British lion, amid the hearty hurrabs | of the populace. Admired by the ladies and applauded by the men, our soldiers file proudly through the streets. For twenty-four hours all business is suspended, and even the perpetual presses have a period of rest. At night the heavens blaze with a variety of new stars, comets, Northern lights and Southern crosses. In those festivities many millions of dollars are expended most satisfactorily, and the nation then retires to rest, pleased with it- self and more eonfident than ever of its bril- liant future. This Fourth of July will be more memorable than any since the Fourth of July, 1776. We have a double celebration before us. We are galled upon to rejoice not only at the creation but at the preservation of the nation. We hail both the anniversary of our independonce and the return of peace. For four years we have grappled with a terrible rebellion, and now we can congratulate ourselves upon its annihila- tion. For the first time we can fully compre- hend our own power. The vast army we havo raised, the immense navy we have constructed, the new engines of war we have invented and the unparalleled resources we have developed make us the leading nation of the world. Hav- ing subdued the greatest rebellion in all his- tory, we have henceforth nothing to fear from any quartor, and our progress to universal om- pire will be uninterrupted. We have shown our strength in disbanding our tremendous land and naval forces, as well as in creating them. Qur veterans are quietly returning to their homes and will now recéive personally the thatke and praises of our civilians. As rapidly as they rushed to arms when the re- public was in danger, so rapidly they now re- turn to their peaceful avocations, the republic being saved. While overy loyal heart swolls with gratitude to God for our tranacendent triumph, the men who were the instruments in His hands for cur salvation will not be for- gotten. The celebration of this Fourth of July will be an ovation in their honor. For the first time in five years the national anniversary will be observed throughout the whole country. The Southern people will cele- brate it with more than their old ardor. During along period they have shut themselves out from any participation in its glories, and have exerted their utmost efforts to abolish it. Now that the temporary insanity of treason is over, we shall find them, clothed and in their right minds, sitting at the feet of their Revolu- tionary forefathers and relearning the lessons of patriotism and of loyalty to the Union. On the Fourth of July they should hear no veproaches for their faults, no threats of pun- ishment for their tranagressions; but they should be welcomed back to their rightful share of the national heritage, like the prodigal son who was driven home to his father’s house by the famine and the misery of rebellion. Properly appreciated, this Fourth of July will rekindle at the South the ardor of that love of country which even treason hae not wholly quenched. To Jeff. Davis in his prison it may be a day of doom; but to the Southern masses it is a day of gladness and of promise. All over the world, wherever an American can be found, # will be religiously observed. In every Buropean capital there will be appro- priate festivities. Foreign nations will respect it, and foreign presses will print no more bur- lesque orations to cast ridicule upon it, And if our Fourth of July orators—who now have more glory than ever to talk sbout—shall ride Pogasus to his utmost heights; place the Ameri- can flag, where we fought our battles, above the clouds; perch the American eagle upon the sun itself; elevate our soldiers above the demi gods, and shake all the thrones ot Europe with one hand, while they grasp the stars with the other, the wil da.po mara than ja thelr duts. numbers, paid by our citizens in the shape of internal revenue tax, nearly, if not fully, two hundred and fifty millions. These, we presume, are the receipts, as far as it relates to incomes for the year 1863, The income tax in this locality for 1864 has not been eollected. The same is probably true as to all other sec- tions. The returns already published im differ- ent localities show a large increase in incomes for 1864 over those of 1863. The receipts will therefore be largely increased from thissource, and we dare say that for the next fiscal year the collection of internal revenue will exceed three hundred millions. To this must be added the duty on circulation and deposits, Custom House duties and sales of public lands, which will swell the amount of income to the govern- ment to fully three hundred and fifty to four hundred millions, under the laws of the last Congress. This amount can be easily raised if the internal revenue officials are honest and attend to their duties. The war being over, this large amount of money will have an important influence upon the finances of the government. It was, it is true, but a mere bagatelle as long as the war continued, and the expenses of the government reached two or three millions per diem. But with the rapid reduction of the army and navy, the disposal of a vast amount of war maiériel, including transport vessels, wagons, teams and ambulances, these receipis will be sufficient to pay all expenses, including interest on the public debt, and leave at least one hundred millions for sinking fund to pay off the prin- cipal of our debt, if not paid before by private subscription. It is estimated that the interest on the nation’s debt, when it is all funded and a full settlement has been made of all claims arising out of the war, will be not far from one hundred and seventy millions; but | this amount will in a few years be reduced by the adoption of a lower rate of interest as the different series of seven-thirty and other bonds mature, leaving the balance for current ex- penses and the sinking fund. As the country recovers from the effects of the war business will revive throughout the South and other sec- tions where it has been prostrated by the war, the internal revenue receipts will largely in- crease, and, through the improvement of sys tem, it will im a few years double the pre- sent receipts. Then we have the import- ant developments in mineral wealth in the Pacific States and Territories bordering on the Rocky Mountains, whose development will, now that the war is over, attract both capital and labor, thus opening @ new source of national wealth exceeding even California in its palmiest days ; all of which will redound to the credit of the government, increase its receipts, and enable our authorities to more rapidly reduce the volume of debt than even the most sangnine now imagine. All that is now wanted to enable the govern- ment to return to a specie basis in less than a year from the surrender of the rebel armies is the practice of economy, honest internal reve- nue officials and the co-operation of all branches of the government in a spoedy reduc- tion of expenditures and the return of the de- partments to the simple requirements in times of peace, Secretary McCullough will have to keep a close watch upon his army of internal revenue officials, or the corruption which found its way into other branches of the government during the heavy war expeditares will break out in that system. Progress or THE Restoration or THE Soura- gen Srares.—President Johnson is gradually but effectually pushing forward his policy of restoration of the States recently in rebellion. On Saturday last he appointed as Provisional Governor of South Caroline Benjamin F. Perry, a well known citizen of that State and a thorough Union man from the commexeement of South Carolina nullification in 1832 down to and through the late slaveholders’ rebel- lion, adhoring during the dark and doubtful days of the last four years to the United States. This leaves only one more State to be provided for in the appointment of a temporary Gover- nor—the State of Florida—when the machinery for the restoration and regeneration of the South will be in fall motion. By the time the next Congress meets we may expect to see the South thoroughly loyal in the Union harness, side by side with the loyal North, zealously laboring together and vieing with each other in their devotion to the Union. The President, in selecting his officials to administer the laws of the South, has invariably selected residents of the States in which they were to officiate. An effort was made to se- oure the appointment of a Northern colonel as Governor of South Carolina; but Mr. Johnson declared that if there was no man among the residents of the State who could be trusted “he would wait until they could make one.” In adhering closely to this policy he has saved himself a vast amount of trouble, and has se- cured men thoroughly conversant with the in- terests and peculiarities of the Southern peo- ple. This, with the evident disposition of the South to abide the results of the war and cheer- fully acquiesce in all the verdicts which have followed the appeal taken from the ballot box to the arbitrament of war, cannot fail to havo an important influence on the minds of the Southern people and secure a more speedy re- turn of the South to the Union fold then in any other way. The people of the whole country will to- morrow celebrate the birth of the nation, also its preservation and the return of peace after four years of civil war. The success which is attending the restoration policy of President Johnson bids fair to so speedily and com- pletely reunite the broken fragments and re- store good feeling between the two sections of the country that the people from the lakes to the Gulf, from the Atlantic to the Pacific, will, on the return of another anniversary, add to their celebration that of the restoration of the the entire Union, full and complete in all its oaris. tha colan of neage ond plenty and checker, porter and switch tender, track and several lives and limbs lost. are no words strong enough to adequately ox press the general indignation at the frequency of these accidenta They are totally without excuse. That om the Harlem could have bees avoided by slowing the trains, and that on the Hudson River by the employment of one oxtre man ata dollar a day. We call upon the Grand Jury to indict the president and director arrived yesterday with three days later news from Europe. The feature of the intelligence is the continued advance in American seourl- ties. Five-twentios hnd gone up to seventy and three-quarters, an improvement of one-quarter since our last advices and twelve and three- quarters since the surrender of Lee. Thus our reconstruction at home and abroad goes om part passu. Is rae Merrorous Unpes Maran Lawt— One would suppose such to be the case. Our streets are filled with troops. Regiment after regiment are coming and going daily. But they are homeward bound, and the men are the brownest and bravest, happiest and hardiest fellows the world ever saw. Weare under the pleasantest kind of martial law. Condition of the Freedmen of the United evening by Wm. Howard Day, known as the “Edward Everett’? of colored orators, im the Baptist churo’, ‘Twonty-eighth: street. After singing and prayor the orator was introduced by the pastor to the audience, which wag not ao largo as might have beem expected coa- sidering the title by which he was known. He com- menced by remarking that he did not wish or intend te view his subject in a political light. Although having fought aad died for the Union, they hada right, neither more nor less, to the same priviteges granted to every rosie born on the:soil, 40 soon as be had attained ty: His father fought in the war of 1816, and ba Brype niin ‘This fact alone ought to rights of i to every sokorer aes in the les, were presented two hundred rie rent in their aspects. One landing of the Pilgrim as the prow vessel on the Fathers, w oraped onthe Plymouth Rock, thanksgiving which force as tt chimed in landed at Jamestown, Virginia, I for granted that you all know there a war for the past four y and that with nation slavery has been ret arent inne Soren slaves have liberty, Liberty todo what? is it themselves where no clothes are tobe had? thomsclves where there is no food for them? A number: men, women and children are struggling in a great I stand on the shoro, and is it too m to expect I should exert myself to pluck as many as possible f the water that threatens to engulf them? I ask you stretch forward and assist the colored man to-al Socially, a hungry man should bo kept from It Ihear the wail of distress it ia my duty todo utmost in my powor to relleve the sufferor. So your duty to act towards the colored man. Evory indi- vidual, however pooy or mean or. low, fills some niche in God's gallery, and it is always tho duty of to assist his starving brother, whether he be black or white. When Ireland reeled into the grasp of doath famine fleets were nobly fitted out by this country for i A eee F3 é: siEEge 3s rein HEL sbEbad 56 relief. When Greece was half naked sewing clubs were over the country to provide for tte in- habitants, And if it be right torelieve and Greece how much more so is it to help those who are at your door. To feed tho body as well as. the soul is the duty of Christianity. No system is perf moans for te mporal as well as his nation has done an injustice in eu e CI unless it provides ritual wants, the existence ‘hurel tions, es, thoi into China apd elsewhere; the Church has sanctioned, has commended the odious traffic, and now should step forward to do away with the evil effect of their preach- ing. Anreerte the anxiety of the freedman to work, if work could be found, he could testify to it from per- sonal observation, They were all willing to work for fair wages, and in Richmond and ge pe hy boy: ene, barbers, &c., were all colored. Yelghtman, jont of the Sanitary Commission, writes to say that there is no necessity of coercion to cause the colored man to work. Ho enumerates a numbor of in- stances where colored men have been. since last, supportiag their families with ease and: He d that the South was the land peculiarly for col mon, and before other Iabyt should be ported there the colored man ahould receive the prefer- ence. il tapers Otty Intelligence. Finn we Reape Srassr—Lows Anoer $30,000—Bo- tween ten and eleven o'clock last might a fire was dis- covered on tho fifth floor of building Nos. 79 aud 6 Reade street, extending through to street and known as Nos. 95 and 97. The smoke was verod officers Mathows and Kellaher, of the Thirtioth who mptly gave tho alarm. The firemen wore quickly at the premises; but, owing to the hose break- , much delay was experienced a ee water on the a "The uppor and part of the fou Boot were considerabl, trrnian probably. to" the extent of, $28,000; ful by water, 6 ext ; Prete frst, hoor and basesient are ocbupled dealers. The stook by water, but to wi extent could not beas- certained, owing to the lateness of the hour, The build- ing is probably damaged to tho extent of $4,000. The in of the fire is not known at present. work. yple of the establishment are to have a picnic to-day Brewery. This fro will throw them all out of ployment for some timo, and no doubt much mar ‘enjoyment of their anticipated pleasures. Founp Drowsxp.—The remains of Patrick who resided at 310 West Thirty-seventh street, found in the dock foot of Thirtioth street, North y officer McCormick, of the Twentieth ‘precinct, was notified to hold an inquest. Decoasod left a widow and several children, Tux Tarrt or Dianoxp Jnweiny.—In the account of the robbery of Miss Rice of diamond jewelry, published Ly # 3 ie if 8 in @ HwRatp, it was stated that the lady re- sided at East Twentieth street. This is a mi aa ‘no such party lives nor the persons in there, that houso know anything concerning the theft, except Pans they rene th te pope, os Fatat Aociants.—At half past soven o'clock last evening a little girl three years of age, daughter of Mr. and Mra. , Of 89 Railroad avenne, Jersey City, overboard at the Cortland street ferry and was drowned. A citizen standing near plunged in after the child, bus could not su io it. Up to a late hour the Poter Ehi, a lad Bmtpeiend of s was run e and instantly Kifer by car No. street line, driven by William Lord, hold an inquest. 2 tan ao to te chy Hosa Phe doctors pronounced on his wound x ‘The bail passed through bis head and was taken out of his neck. Huan N. Cam, Kaq,, is tho Treasurer of the Five Pointe House of Industry, and not Mr, B. M. Fowlor, as stato® in a late article in these columns. T. B. Proneon, Eq, ia Secretary end 8, B Halliday, Req, Superintendoat, Mr, Fowler is the collecting agent. Lectore at Hors Cnare.—Mr. M. Lensure, of Water- town, N. Y., will deliver a lecture in behalf of the colored Hope Chapel, No. 720 Broadway, this ov: cy Wai pat ‘seven Seok. Mr. Leasure comes mended by Governor Fenton. Tux Mowrawa Exrsprnon.—Captain Fisk having loft