The New York Herald Newspaper, August 12, 1865, Page 4

4 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. R OF FULTON AND NASSAU STS. Orrice N. W. COB! Money Nowe but bank bilis current in TERMS cash In a at the risk of the sender, an nt by’mail will be Now York taken, THE DAILY HERALD, published every day in the year, Foor cents per copy. Annual subscription price, $14. THE WEEKLY HERALD, every Saturday, at Five onts por copy. Annual subscription price:— Fivo Copies. Ton Copies. Postage five cents per copy for three months. Any larger number addressed to names of subscribers $i GO oach., An extra copy will be sent to every club Twenty copies to one address, one year, $25, An extra copy of ten. and any larger number at same price. will be sent to clubs of twenty. ‘These rates make the Waerxuy Heratp the cheapes! public Volume XXX... WALLACK’S THEATRE. Damon ano Prraias— ER. BOWERY TMEATRE, Bow Pourgxs's Feouc—Exiue’s Dat Brondway,—Prccouno—AN- WAY LATRE, ee a ee A matinice at Ziq 0'Clock—PICCOLINO. TONY AND CLBOPATRA. NEW BOWERY THEATRE, Bowerv.—Dream or Dus- uny—Lxai—Lanneuanxs AND S¥AGULIS. WINTER GARDEN, Hrowuway.—Barwuw’s Museum Conpany, MinNigut Assavit—Love Axong Tux BoNNers— Nicovo Fauicy. Open Day and Evening. NIBLO'S GARDEN, Broad: Annan Na Pogue; on, un Wick.ow Weoptng, Matinee at One o’ Clock. WOOD'S MINSTREL HALL, Sid Broadway.—Ermrorran Songs, Dancxs, &c,—Hanpy ANDY—RUNNING THe BLock aE. HELLER’S HALL, 585 Broadway.—San Francisco Mix- For riseaprlasoen Suveme, Danowa, &c.—Tax Brack RIGADE. TONY PASTOR'S OPERA HOUSE, 201 Bowery.—Sina- gna, Danoixa, Buaixsques, &0.—Vou-au-Vext. Matinee at Bwo o'Clock. NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— Open from 10 A. M. wil 10 P. M. New York, Saturday, August 12, 1865. NEWSPAPER CIRCULATION. Receipts of Sales of ee mew. York Datly Ne papers. OFFICIAL. Year Ending Name of Paper. May 1, 1865. Heravp... «+ $1,095,000 Times. ++. 368,160 Tribune. see 252,000 Evening Post. + 169,427 World..... - 100,000 San, 2... «= 11,079. Express. 90,548. New Yorx Herarp. $1,095,000 Times, Tribune, World and Sun combined.. 871,229 THE ATLANTIC CABLE. Our Account of the Atlantic Cable in the Weekly Heraid. Wo shall publish in the Werxty Heravp this week the full and elaborate account of the Atlan- tic cable, with the maps and engravings given in, our edition of Monday, together with the latea?y news from the Great Eastern to the hour of going to press. ‘ THE CABLE. The gunboat Sphynx, one of the tenders of the Great Kastern, arrived at Heart’s Content, Newfoundland, on last Sunday evening. She reports having parted with the monster vessel on the 27th ult., not being able to keep up with her, and since that time had seen although the proper course nothing of her, had been steered. ‘This report, however, cannot be regarded as giving any additional —_ indication of the failure of the great ocean. telegraphic enterprise, notwithstanding the captain of the Sphynx th. thinks he could not have passed the Great Easter out seeing her, as it will be remembered that eommini- cation between her and the shore at Valentia was not broken till the 29th, two days later than the Sphynx parted with her. xpedition of the yacht Clara Clarita to the Gulf reported t a been found to be entirely dest THE NEws. It is reported that in yesterday's Cabinet scasion Presi- dent Johnson's reconstruction policy was ina very auimated manner by some of his Secretaries, and that ho « 1 his determination to adhere to it, Tegardless of opposition. Major General Hooker has isazed from bis headquarters in this city an official order announcing the varions mill- tary districts of the Department of the East and the Gom- manders arsigned to cach, The distriets aro six ff num- ber, and are to be commanded severally by Generals J. G, Parke, Daniel E. Sickles, Chi Griffin, Robert B. Potter, J. C. Robingon and Eli Long. Adjutant Genera aira, in thi yorterday, and gave dir for a co’ tion of the sinblishment at that place, all the army bu be torn down, and but a small number o to bo retained at the post The steamehip Fung Shuey, fron w Orleans oa the | Sth inst., arrived hero at an carly hour tht bringing our despatches containing int telligence from Texas, Louisiana, Missi 1 and | Alabama, a8 woll as from the rozions con- | tested by Suarez and — Maximitin acrosa the Rio Grande. A continuation of law 2 portions of Texas bordering on neves infest the country, driving off steck \ ling whatever they think worth laying their hands on, ‘The arrival of the two divisions of national cavalry moving across the State from Louisiana wag anxiously awaited. General Wertzol, cammanding the Twenty-fifth army corps, has issued an order stating that it is probable the command will re main for some time in Texas, and urging on his officers t point of perfection. ling in Louisiana, has ad munication to Governor Wells, of that Stato, requesting him to warn Iveal ct vil ofeers against attempting to enforce any police Inwe for the fogulation of negroes which are in confiet with the act General Canby, come dressed an important « sstablishing the Freedman’s Bureau, to the agents of | which the sapervision of these matters oxelusively pes tains. A Nashville despatch reports that the ot fhessee for Representatives in Oo in the success of on nly divi being four supporters of President J tion and four members of,seceseion proc A dresdful disaster occurred on Ls Wednesday evening. The steamboats Pew toor, both running at full epeod, the former yo! ward and the Is northward, fearful crash, The hie wi one aldo, and #0 disabied that minutes after the collirion, en ehout one hundred p Bhe hundred and sevent; to two handred po about one balf of whom we aved by which wag vorv little dararod Tho tar complo e sank in @ down with hor on board from ¢ three or none, 6 work of improving the corps | von on Inst | collided with a} the terrible gocident ocourre’t is not yo! was, soarcely dark ut the tine, aud cack previously been visi when they were yet Further rtant £ ¥ with the extensive defatcst yesterday brought to ight trasie event. ri in the institut 5 te hed pained, | circumstances connected Bank were on in the Pheniy It has Karle, dame his pocket knife, t of the oficer js throat wil put of fess:d that he had received from Jenkias, tho defaulting teller, about one hundred thousand doliars of the stolen funds, which ho had lost instook speculations, It ts bald that a considerable portion of Jenkins’ share of the monoy was squandered by him on a concert saloon girl known as Genevieve Lyons, alias Vieve Brower, and that on these funds she aud a male friend, a butcher named Charles Brower, alias Sam Davis, have been living in NEW YORK juxurious style im Bleecker street, near Thompson. Genevieve and the butcher boy have also been arrested. The total loss of the bank is about two hundred and seventy-dve thousand dollars. The investigation will commence at half-past ten o'clock this forenoon, at the Jofferson Market Police Court, ‘The Inman line stearnship City of New York, Captain Leitch, will sail at noon to-day for Queenstown and Liver- dool, froin pier 44 North river, The mails will close at the Post Office at half-past ten A, M. The United States mail steamship Star of the Union, Captain Blanchard, of the Cromwell line, will leave pior No. 9 North river at three P. M. to-day for New Orleans direot. The mails will close at the Post 0: at half- past one P. M. ‘The new steamship Montana, which has been loading at pier 36 East river, for San Francisco, will sail to-day or to-morrow, touching at Rio Janciro to land mails and passengers. The parade through the city of the unemployed veteran soldiers and sailors, for which preparations had been in progress for some days previous, took place yes- terday. The object was to present their claims for om- ployment to the authorities and people generally. The gallant Union savers presented a most creditable appoar- ance and observed the strictest decorum. ‘They ware proceded by tho band of the Fourth regular infantry, and carried banners with appropriate devices, The pro- cossion moved from the corner of the Bowery and Canal street to the City Hall, where the soldicrs were wel- comed by one of the Mayor's officers; thence down Nassau street, passing and saluting the Heraxp office, to Wall street, and through the various financial thorough- fares adjacent; thence to Broadway, and through that and several up town streets. Tne August term of the Court of General Sessions was brought toa close last evening, the Grand Jury and the prosecuting authorities having worked with untiring assiduity ainco Monday, during which timo over ono hundred and fifty cases have been acted upon. James Lowry, proprietor of the Rising Star, a Water strect drinking saloon, was convicted of stealing one hundred and sixty dollars from James Reed, a roturned soldier. He was sent to the State Prison for five years. John Cronin, who broke into the dwelling houso of Mr. Wil- liam Beck, 280 Mulberry street, was sent to the Stato Prison for five years. Surrogate Tucker yesterday admitted to probate the will of Margaret Murphy, decensed, which had been con- tested by her brother, on the ground of alleged defective execution. The will leaves legacies to the House of the~ Good Shepherd and the religious society known as tho Sisters of the Poor, Yesterday was tho fifth day of tho sport on the Saratova Springs race course, aud the attendance was as humerous and the interest was as great as on any of the preceding days, There were two racos. The first was a dash of two miles, In which thee horses ran, Baltimore being the winner in three minutes and forty- thrco and one-half seconds. The second was a mile heat race, won by Lexicon in one minute and forty-eight seconds and one minute and fifty-one seconds. Another extensive game of swindling merchant tailors, similar to the one recorded in tho Hrratp a few days ago, was brought to light yesterday. John Harris, a | tailor, residing at No. 7 Heeter street, was arrested and committed on the charge of having, inJune last, procured from ditforent firms in Broadway, Chambers and Fulton streets, cut out garments to make up, which he has since failed to return, and it is satd that various others besides those who have already appeared agamst him have saffered by his operations. Harris said ho sold tho garments tc a Prussian named Louis Johnson, living at No. 1 Second street, whom ho informed at the time that | they wore stolen, Johnson denica the charge, but was also committed for examination. An Austrian named Edward Stelzer, living at 120 Bow- | ery, Was yeatorday arrested and committed to the Tombs for trial on charge of having drawn from the Bowery Savings Bank five hundred amd seventy dollars, belong- ing to a soldier named Frederick Wolge, which the lat- tor, several months ago, while on Hart's Island, entrast- ed to the prisoner to deposit in some bank for safe keep- ing. The monoy was deposited as desired; but it ts alleged that the subsequent drawing of it was without ‘Wolge’s consent or knowledge. Weg ina letter from the yacht anchorage at Ho- bolen, a sketch of the grand occan cruise of the Sandy ti (1 Hell Gate pilots, which comprised an excursion of some ten days around Long Island and out to sea. Liectenant Governor Alvowl, with a numerous attend. ance of mombers of the Legislature, merchants and other citizens, accompanied the expedition, We give notices, of the speeches at Newport and tho Americus Club Sound, with a general glanco at the pois now at their height along our shores. ties and attractions for suinmer tourists of phramagog, in Vermont, and New Rochelle, up the Sound, are deverfbed in the letters of our corre spondents from Newport on the Lake and the little West- ¢, published in this morning's Hrxaty, On theamnsemonta at the Intter place were by a yacht race, in which half a dozen boats par- ticipated ' A trial (rip up the Hudson river was made on Thurs- day night by the new steam propeller Nuhpa, which is | fitied with what is known as the direct acting beam en- gine. A lorge number of practical machinists were on board the boat, which worked to the aatisfoction of all of | grounds, on ¢ coloved men of the Keystone State, as well aa hren of Tennessee, have been holding a State on tidy week. Tho Pennsylvania assemblage yurg on Wednesday, and has been in ses- Among other mattera decided upon the | Convention rewolved to petition Congress for an amend- inent of the na*fonal constitution prohibiting ail legisla. on designed to place the colored people gon an in- quelily before the law with the whites, and declaring null ail acts of that character now in existence, For the Furiherance of this object it was agreed to cireulate blank | potition nighout the State to receive the signatures | of all who ey mpathize with the object, without distine- | tion of Sex or color. A rail between Muscatine and Washington, | Towa, wh a bridge on Thursday, killing four persone oad injuring several. “| A woman named Tamsoy Parsons was shot and Instant- ly killed in Joba W. Hog! j she wos nerri¢ ford, Ohio, on Wednesday last, by Dr. *, to whom some eighteen months ago Subsequent to the marriage she learned that he had another wife, and would not longer | Live with Lim, Taghes was tried and convicted of biga- | my, end sentenced to the penitentiary, but was pardoned oshort tine ago. He then again repeatedly urged her with bim; but she ropuised him on every occa. nd, inding his gait vain, he determined to take her life, which he accomplished, He was arrested and committed to jail The sock market wae dull and heavy yestertay morn. ing, but firm afterwards. Governments we steady, | Gok! was weak, and, after declining to 14054, closed on the strect at 141 a 14134. At night the cloeing price was 141g. |, VETERANS oN A Stuikr.—Some one ays that the aaddest sight under the sun is that of a man who wants employment ond is not able | to getit, Such a sight was presented to our | citizens yesterday. A procession of veterans out of employment and anxious to work passed our office, with banners | hearing appropriate | inscriptions. It was a strike of veterans who in putting down the rebellion, not for ner wages nor for a higher law, but for work. It is the duty of our citizens and of the government to see that such men have | employment, so thet their families may not be sled to starve ar ta eat tha bread of } chavity. work com ‘The Maine Convontion and the Progress of the Anti-Adea ration Party. The old proverb “that distance tends enchant- ment to the view” appesrs to be specially ap- plicable to the eetion of our politicians in regard to the neg: of the South. The furthor we go from the Southern States the moro the politicians know—or, at least, think they know— about the proper treatment of the blacks end the duties of the government in reference to that race. Thus in Ohio and Pennsylvania, | which border upon‘the late slaveholding States, and have a larger proportion of colored popu- lation than the more Northern States, the repub- lican politicians fully endorse and support the policy of the President in reorganizing the South. But when we go way down East to the State of Maine—a Siate which had in 1860 a colored population of only one thousand three hundred of all ages and sexes, and decreasing ata rapid rate at thet—we find the politicians thoroughly versed in the great problem, and qualified to instruct the President in all his duties relating to that perplexing question. Our public men, including our military heroes, who have had opportunities of practically studying the negro character as manifested in the South, look upon the transition of the blacks from slavery to a standard of equality with their late masters as a critical period, not only to the negro, but to the coun- try. They have, however, such superior oppor- tunities in Maine to examine this question in all its details that no doubts exist there ; but politicians meet in convention, and inform the President that it is his duty to demand that there shall be perfect equality of races, and the removal of all disability of color as the condi- tion of the return of the Southern States. The politicians who took part in the recent repuviican State convention held at Portland presented such an incongruity of ideas in their resolutions, and labored so hard to denounce the President, and at the same time to keep up the appearance of supporting him, that we do not know which to admire the most—the re- markable knowledge exhibited in regard to the negroes of the South, or the wonderful skill shown in the art of political gymnastics and tight-rope performances. They first ex- pressed entire confidence in President Johnson and pledged him the cordial support of the Union men in Maine; but, notwithstanding he has instructed the official appointed for that purpose to call elections as soon as possible, they notify Mr. Johnson that it is his duty to keep the Southern States under provisional governments, for they are unsafe depositories of free republican government. This is fol- lowed with a demand for negro equality, negro suffrage and removal of distinction of color. Then oomes a full endorsement of an expres- sion of the President, that “treason is a crime and must be punished,” and a call for its full enforcement against the rebel officials, both civil and military. This is-backed by. still another resolution, containing implied threats at the President for not trying and executing Jeff. Davis at once. These, with three or four others, made up with a mixture of dennncia- tion and praise, in which they recommend an amendment to the constitution establishing equality of representation, also declare that the colored people must have confe“red upon them, in fact as well as in name, all the political rights of frecdom, form the substance of the singular resolves. Ali this, we take it, represents the real plans which the Chase-radical crusade and the anti-admin- istration party have assumed. As such it ex- hibits unmistakable signs of weakness. The leaders in the Convention unquestionably in- tended to oppose the Prosident’s policy. Yet their whole course shows great weakness of the radicals, and want of confidence in the people, when they cannot, even in the State of Maine, secure the endorsement of thelr negro suffrage schemes without trying to sugar coat them over with an endorsement of Mr. Johnson. The action of the Convention furnishes an- other landmark to judge of the progress of the Chase-radical ant!-administration party. Groat and extraordinary efforts have been made by Chase and his followers to force their plans upon the people of the North, and to organize a party in opposition to the President, based upon negro suffrage and social equality of races! Justice Chase eet the ball in motion by writing a letter to his friends in Cincinnati in- forming them that the time had come to organ- ize a new party, and then, leaving them to set the ball in motion in the Wesi, started South to consult with and notify his colored brethren what he was Yloing In their behalf. Senator Sumner took up the work in New Englond, and, fearing that the negroes would spoil the plans by manifesting their satisfaction with the course of President Johnson, writes a letter, addressed to himself, and sends it to North Carolina, for the negroes to sign and return to him. He thus obtained an opportunity to notify the negroes that they were entitled to vote, urging them to exercise that right, and declaring that all who opposed them were their enemies, The next chapter in the movement was the famous pow-wow of the Jacobins in Faneuil Hall, where the negro was extolled and glorified, snd a war proclaimed if universal nogro suffrage were not granted. Since that time 2 general guerilla warfare has been kept up by the abolition orators and organs, while the Chief Justice has been engagéd in canvassing the New England States in behalf of his special party schemes, The republican State conventions have, in the meantime, been held in four States, and the negro suffrage question ignored ia all but Maine. This State, which has had the Vice President for four years, and the immediate successor of Chase in the Treasury, is the only one which has furnished him even a drop of comfort in the shape of endorse- ment of his revolutionary and anti-administra- tion ideas. Even Vermont has turned the cold shoulder to the Chase party, and Maine stands ‘as the lone star to represent the radical faction, and even there it is partly covered up. It is probable that Massachusetts will follow, and from present indications these two States will be all that the radicals can control against the Prosident’s policy. Thus it seems that, with all their bluster, all their braggadocio, oll their blowing and threats of revolution, they are making but a pitiable show. This failure be- fore the people is no doubt the socret of their proposed change of programme, and their an- nounced intention to make war in Congress upon the reorganization policy of the Prosi- dent and defeat it by rejecting the Southern Teprosentatives. But with the present marked opposition of the people to their agitation, is there not a strong indication that public opinion the North will be so stronely manifested in | favor of Mr. Johnson's policy that fhe republi- j ean representatives in Congress will not dare to vote against it? Thue may we not hope that the Chase-radiea! party yill come to grief even in that their last resort? Whe War in South America—Brazil and Paraguay. The naval ection in South America between the ships of Brazil and those of Paraguay was a severo and well contested battle, Tho num- ber of the Paraguuyan ships and floating batte- ries together was fourteen, and the Brazilians had nine steamers; but the weight of metal was nevertheless greatly in favor of the Bra- zilians, They had sixty-two guns, while the Paraguayans had but forty-seven. The Para- guayan ships were perhaps all small, and thoir floating batteries not of great account. It tells well for the fighting qualities of the Para- guayans, that with such inferiority in weight of metal they could continue to combat for eight hours, and were able to destroy two of the Brazilian ships. The Brazilians were finally victorious, only when they used one of their large ships as 4 ram and ran down the smaller Paraguayans. This is the Brazilian account. This battle has a continental character, and in this respect isan important point in the news. It is a part of the irrepressible con- fiict that is and must be always in progress wherever monarchies and republics are neigh- bors. Brazil is the last stronghold of monsr- chy on this side the Atlantic, as it was the last of American States to relinquish its con- nection with a European government. But while ather American States giving up their European associations have soon after assumed @ republican form of government, the monar- chical form has held its place in Brazil principally because it has been well admin- istored. Tho present Emperor is, an able ruler, and governs the country well. He has also some ideas of the necessities of progress, as may be seen by his acquiescence in the pro- jected abolition of slavery in his dominions. He is, however, influenced by the monarchical desire to hold the balance of power, and is dia- posed to make a bold use for that purpose of his geographical and political position. This fact has made him troublesome to his republican neighbgrs. He controls the Amazon river, and makes that stream the grand lever of his power over his neighbors in the North, and he evidently desires to secure a similar con- trol of the immense system of rivers—Para- guay, Uruguay and Parana—that reach the Ocean by the river Plate. Having secured the control of that system, and holding the Amazon, he holds the whole river system of that side the continent, and his will will be law for all the Powers that depend upon those rivers for ac- cess to the outer world. There will be only the Pacific coast left, The battle on the Parana river was an event in this grand game. The Lmperor of Brazil Ras had but little difficulty in making his arrangemeats with the other Powers interested in this question. Monte- video, Uruguay and the Argentino Republic have all judged it to their interest to maintain friendly relations with their powerful neigh- bors, and a tripartite treaty hes actually been signed between Brazil, Uruguay and the Argentine republic, , The terms of the treaty between the three Powers have not been made public, and in an- swer to @ call for the treaty in the Brazilian Senate it was declared that it would not be ex- pedient to give it at present. But the fact that a treaty has been made is, in view of the situa- tion, significant of an error on the part of the republics thus leagued with Brazil against Par- aguay. Paraguay is the only Power that ven- tures to fight, and she goes into the combat with a spirit worthy of the best result. Brazil is unquestionably immensely stronger without her allies than this little State, but the Para- guayans area large hearted, brave and ener- getic people, and it will be seen that they are not to be put down by a, single battle. It is to be hoped that the other South American repub- lics will see the real issue and necessary result of these struggles before the triumph over Par- aguay may be so complete through their agsist- ance as to damage seriously the cause of republican government in South America. It is te be hoped that the chortsightedness or selfishness of these republics may not give the final triumph to monarchy. Tas Stavcuter on tae Arrow.—When the Peckakill steamer Arrow exploded her boiler, on Saturday lasi, the disaster was at first treated vory lightly. It was reported that only a fireman and evgincer were scalded; but it has since turned out that four lives were lost by drowning end scalding. Coroner Gover has taken the matier in band, and will com- mence a thorough investigation at the Coro- ner’s office, Tryon row, on Tuesday. We understand that the surviving hands of the boat, the relatives of the sufierers and others are subpanaed as witnesses. It is to be hoped that Coroner Gover will give his most assidu- ous attention to the case, and not cease his labors until he discovers the responsible par- ties to this wanton destruction of life. If, as it has been alleged, the owners of the boat are culpable to the extent charged, in neglecting to repair the boilers when they were known to be in a dangerous condition, then let that fact be shown in evidence and the owners punished. It will be remembered that 2 communication from Mr. Tappan was published in our columns, stating that one of the bollers of the Arrow had given out on the down trip from Peekskill on the morning of the disaster, and that he requested Captain Faunce to report it to the inspectors of steam boilers, Whether they attended to the matter or not is one of the facts which the Coroner will have to bring out. We have received a communication stating that the Arrow was an old boat, thirty years built; that she was known by three other names before the present one; that she has been long regarded as unsafe, and that on more than one occnsion tho government in- spector prevented her from leaving her pier in consequence of her dangerous condition. Now all these altegations are very serious, and ought to be testified to at the Coroner’s investi- gation. It has been attempted to prove that the lives of the passengers were lost by their own rash- ness in jumping overboard unnecessarily ; but this is shown to be untrue, from the fact that some of the bodies were terribly disfigured by scalding; and the instance of one lady, who was known to be a good swimmer, having sunk instantly, head downwards, shows that fatal in- juries were received before jumping from the boat. It is of the utmost importance to the public, who are nearly all travelling at this season, that the modes of transvortation should HERALD, SATURDAY, AUGUST 12, 1865. be safely conducted. Thousands of people ar- rive at and leave this city by steamboat and railroad every dey. They are at the merey of monopolies; and monopolies never know any mercy until they are made to pay for it, An imporlan! daty, therefore, is now in the hands of Coroner Gover, and the public will look to him to falfil it faithfally. The Phontx Bank Robbery, We publish in our news columns this morning some of the details of the defalca- tion at the Phenix Bank, with its curious, romantic and tragic incidents. A short time ago the Mercantile Bank of this city was defrauded of about three hundred thousand dollars by similar peculations, In that case the officers of the bank did not know that they were being robbed until the sudden flight of Windsor to Europe alarmed their suspicions and caused an investigation, Windsor, it will be remembered, was arrested in London, and an English court held that he had been guilty of theft. A British jury distinguished themselves by passing a vote of censure upon the managers of the bank. The censure was, of course, deserved; but it was characteristic of John Bull to find fault with an institution three thousand miles away, while so many rotten and mismanaged concerns existed in London, under his very nose, unrebuked. Scarcely has the excitement about the Mer- cantile Bank died away when the Phenix Bank, one of the oldest in the city, is found to be ina similar plight. In this case, as in the other, the bank officers knew nothing of the robberies which were being commitied. Windsor stole about three hundred thousand doilars—fifty thousand of it in gold—from the Mercan- tile Bank, and Jenkins robbed the Phenix of two hundred and seventy-five thousand dollars, and yet in neither instance was the loss of the money discovered until the crimi- nals had confessed their guilt—Windsor by run- ning away and Jenkins in a conversation with the cashier. What e commentary is this upon the present system of bank management! Ore would think that its old president would rise, pheenix-like, from his ashes after such astound- ing revelations. Since the bank which he so long conducted has since been so badly man- aged, what must be the condition of our other banking institutions? What security do they give depositors and stockholders that ihey are not as badly off as the two recently ex- posed? Until they have mado careful exami- nations of their accounts and the cash on hand they can give ne such security. The sooner these investigations are made,therefore, the better it will be for the banks and the public. All those implicated in the defalcationa have, we believe, been arrested ;, one has com- mitted suicide, and the others, as the evidence soems very clear, will doubtless be found guilty and locked up in Sing Sing. But what is to be done with the bank officers? They are trustees of the money of many people, and their negligence has certainly, been criminal. Bank presidents and directors apparently sup- pose that they have nothing to do but to sit in the bank parlor and discount notes. The president reccives a large salary, but seldom earns it. ‘Tho whole party leave everything to the cashier, the teller and the clerks, and we observe how the Windsors and the Jenkinses take advantage of their op- portunities. How can any bank be certain that it is safe before it makes a rigid in- vestigation? When two or three hundred thousand dollars can be stolen froma bank without being missed, we can rendily be- lieve that its business must be very loosely conducted. The very men who are placed in office to see that nothing wrong occurs shut their eyes to the dotails of the business, sign any papers which may be pre- sented to them, and are perfectly contented so long as they get their dividends. One half of the capital stock of the hank may be spirited away; but they never miss it, They are too soft hexrted to suspect anybody and too negligent to add up a column of figures. o investigate anything might wound the feelings of one of the employes, and so they never do it. To ask to see the books would break the bookkeeper’s heart, and so It is astonisbing how tender lazi- some poops; but it ts a relief to know that such tenderness is appreciated. When Jenkins was asked bow much money he had taken he declined to tetl “for fear it would make the bank officers feel badly.” Unfortu- nately, we have no such sympathy with their weaknesses, It has been suggested that the best way to stop railway accidents is to tie a director to each locomotive. The best way to prevent bank frauds is to arrest or sue one or two bank presidents. Specie Payments—What Will Mr. Calloch Dot Tust before Salmon P. Chase retired from the office of Secretary of the Treasury he promised the people that he would soon make Treasury notes approximate the recognized standard of gold, instead of which it was not long before he caused the government paper to approxi- mate the value of rags. William Pitt Fessen- don, his successor, we believe promised nothing and performed nothing, except to keep in motion the two or three dozen presses that turned out the greenback currency, and the people rejoiced when he too became convinced that the laws of finance were not a part of his education. When Mr. McCulloch came into office there was a feeling of satisfaction per- vading all classes, because his antecedents proved him to be a financial scholar, and not a politician, and his sentiments were generally understood to be favorable to a speedy return to specie payments; but as it was known that the currency at that time wes a chaotic mass, and that the credit of the country was ina do- ranged and depressed condition, it was deemed pradent not to press him immediately to en- deavor to carry out his views in relation to re- sumption, but to allow him time to arrange and readjust the disconnected machinery, and to restore the business of the Department to a a proper system. Ho has now nearly accom- plished this difficult task, and the people are beginning to look for a commencement of the work of restoring our paper circulation to its face value, It is well known that in order to produce euch a desirable result he mast have the aid of Congress, without which his attempts would be fruitless; but to him attaches the duty of inaugurating » system that will bring our currency to the gold standard, without producing the financial difficulties which at tendod the rogtoration of specie payments in England after the close of her war with France; and if Congress refuses to aid himin the uy. Me. | Jousiers out of the dertaking he will at least divest himself of the responsibility of its failure. When Nicholas Vansittart succeeded William Pitt as Chancellor of the English Exchequer in 1813, he went into the office with the same views in relation to specie paymenty that Mr, McCulloch entertained when he assumed the control of the Treasury department, In 1819 Mr. Vansittart urged Parliament to compel the Bank of England to redeem its notes in coin, which he thought would have tbe effect of set tling at once the financial and commercial dis- orders which were making puch sad havoc among the trades people of the kingdom. The bank had at that time an outstanding circula- tion of about twenty-six millions of pounds sterling and a specie reserve of over ten millions, But the bank was all-powerful with Parliament, and the-secret committee to whom the matter was referred refused to second Mr. Vansittart’s policy, and even “deprecatéd any immediate attempt on the part of the bank te pay Its notes in specie, as a measure which would not fail materially to aggravate the commercial distress.” The committee evidently did not look beyond the interests of the bank and perhaps a few influential speculators, and Parliament, in accordance with the views ex- pressed in their report, extended the bank restriction act and permitied the suspension te continue until 1871, when the bank voluntarily resumed, afier circulating its unredeemable notes for twenty-one" years, during which time Parliament passed fourteen acts authorizing from time to time the suspension, and giving the bank every facility to speculate upon ite own paper. There will be no power between Mr. McCut- loch and Congress to thwart him in his attempts to restore soundness to the currency, if we ex: cept the howls of speculators in gold and Wall street stock jobbers, whose influence with honest members will be easily overcome by the God- speed cries of the people, who are now anx- iously waiting for the movement which shall have for its object the carrying out as speedily: as possible the idea of “approximating the cur rency to the value of coin.” THE ARMY. Establishment of Districts in General Hooker’s Department. GENERAL ORDERS—NO 64. Heapguarters, DePaRtMent oF 7am East, New Yorx Cry, August 10, 1865. The following districts having been established for the Department of the East by the Commander of the Mili- tary Division of the Atlantic, the same are hereby an- nounced :— 1. District of Southern New York, Rapin J fences of the city and harbor of New York, first ten Congressional districts of New York State, Generel J. G. Parke, United States Volunteers, commanding. Headquarters at New York city. 2. District of biassachusetts, New Hampshire and Ver= mont, Major Goneral D. K. Sickles, United States Volun- teers, commanding. . Headquarters at Boston, Mass. 3. District of Maine, Major General Charles Gri United States Volunteers, commanding. Headquarters: Portland, Me. 4. District of Rhode Island and Connecticut, Bi and Brevet Major General Robert B. ‘ter, Baler aicnees commanding, Headquartors at New- 1 “ 5. District of Northern Wostern Now York—emy bracing the Congressional districts Nos. 11 to 31, both inclusive, Brigadier and Brevet Major General J. G. Robinson, United States Volunteors, commanding. quarters at Albany, N. Y. 6. District of New Jersey, Brigadier and Brevet Majos General Eli Long, United States Volunteers, command- ing. Hoadquartors at Trenton, N. J. rigadier General H. A. Barnum, United States Volum toers, will report for duty in Southern district of New York, to Major General J. G. Parke. ‘The general officers ass as above will, without de- lay, proceed to their stat ‘and assume command of their respective districts, Pursuant to paragraph XIX., Genoral Orders No. 188, War Department, Adjutant General’s office, July 28, 1865, all general officers in this department not named in this order, oxcepting those on staff duty and those specially detailed in orders from the War Department, are hereby rolioved from duty, and will report as directed. By command of Major General HOOKER. D. T. Van Bunsen, Assistant Adjutant General. Reduction of the Military Establishment at Elmira, Erma, August 11, 1865, Adjutant General Thomas, while in this city to-day, mado a close survey of the military establishment here and ordered its immediate reduction to a peace footing. ‘The extensive governmont buildings at barracks No, 1 are to be sold, the general hospital is to be given up and the patients transferred to the hospitals in the late rebel camp, and nothing will be retained but barracks No, & The troops hero will probably be sent away, except the few necessary to guard the public property. The full details of the Gencral’s order have not yet transpired. General Thomas caine here entirely unaccompaniod, te marking that when he had business to do he preterred doing it without show or parade. There are now no rebel prisoners excepta few sick in tho genoral hospital. Large numbers of troops have beem mustered out here during the last three months. The conduct of the troops while in the city has been uncx- coptionable. Very few disturbances have arisen, and these were promptly quelled. Elmira will now putom the garb of peace, to which sho hag been # stranger fog the last four years, ae d Iastructions Relative to Mustering Out the Signal Corps. The following was published to-day :— Wiis CIRCULAR NO, -? ; fan DsrvaRTMeNt, ADJUTANT GENERAL'S WAsiUNGTON, August LI bead | Under the provisions of ial Orders No. 417, para- graph five, current series, from this office, relative to signal corps, tho following wild govorll teen. steht a Firt—Commissioned officers will be mustered out im special orders from department headquarters, the order to be framed as follows, viz:— SPECIAL oRDERS—No, —, the de- Herat ty DRPARTMENT OF ——m, 1808. Under the provisions of General Orders No. 79, May 1965, and Special Orders No. 417, paragraph five, 4 1863, from the War Department, Adjutant General's the ‘following officers are, by’ direction of the President, hereby mustcred out and honorably discharged the service of the United Staies on account of their services 20 longer required. They will recalve no final payments wntib ey shall have satis! e lopartme: ‘they hot indebied to the government." is Sexnd—Enlisted men will be discharged by their commanding officers ou the order of the department commander, and paid on flual stacemente, EB. D. TOWNSEND, Assistant Adjutant General. coy gad M. Vincent, Assistant Adjutant Gen- e The Park Concerts, The Park Commissioners announce thet if the weather is fine there will be music on the mallat the Park to-day, commencing at balf-past four P. M., by the Park Band, under the leadership of H. B. Dodworth, The following is the programme selected :— PANT 1. Park Morch. Overture—“D'Elja et Ciandic Song—I Avk You Pretty Birds. March—‘*The Parade. eee PANE I . Grand selection from * |. La Violetia Mazurka Fantasia on song of ¢ March—"Tigors.”” .. sm 22 seoe |. Soldicr's Poll 10. Waltz Frolingel 11. Lucia Quickstep. . A Complaint From Thirty-first Street. 10 THE BDITOR OF THE HERALD. Please to inform a subscriber to your paper if the streot ewoepers, swill and ash cartmen, have been done away with? I reside in Thirty-first street, between Broadway ond Fifth avenue, and as near as I can recol- lect it must be three months since either of the above partics have been seen in the street, But we are not en- tiroly noglooted, for every day large droves of hogs pass through the street, leaving their peculiar perfamo in the aumdephore. What can be done to help a taxed victim to get some kind of a show for his money? Please tell, and oblige one who never was in the RING. Naw York, August 10, 1865, ov A Lana Woman.—Tho widow of Sylvester Hann died ot hor residence, Peggy's Puddle, on Monday, Jane 2%. Hor wo'ght was four hund and etx pounds. Her husband, who died some four years sins woighod aout Aye buudred DOURs. Fdrendardam UN, J. Danocrat