The New York Herald Newspaper, August 17, 1865, Page 4

4 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. OFFICE N. W) CORNER OF FULTON AND NASSAU STS. TERMS cash in advance. Money sent by maul will be at the risk of the sender. Now York taken. THE DAILY HERALD, published every day in the year, Four cents per copy. Annual subscription price, $14. THE WEEKLY HERALD, ovory Saturday, & Five Oonts por copy. ‘None but bank bills current in Annual subscription price:— Postage five cents per copy for three months. Any larger number addressed to names of subscribers $1 50 cach. An extra copy will be sent to every club often. Twenty copies to ome address, one yoar, $25, and any larger number at same price. An extra copy ‘will be sent to clubs of twenty. These rates make the ‘Wasarr Herat the cheapex publication in the country. ‘The Evnorzax Eprron; every Wednesday, at Six cents Per copy, @4 per annum to any part of Great Britain, or 96 to any part of the Continent, both to include postage. The Carzvormta Eprmios,‘on the Ist and 16th of each ‘month, at Srx cents per copy, or $3 per annum. Apvarrisauents, to a limited number, will be inserted fn tho Werxix Hxnatp, the European and California Editions. Jon Prinrina of all descriptions, in every variety, style and color, executed with promptnoas and on liberal terms. VOLUNTARY CORRESPONDENCE, containing im- portant news, solicited from any quarter of the world; if ‘usod, will be liberally paid for. gg Our Foraray Cor- RUAPONDENTS ARE PARTICULARLY REQUESTED TO SBAL ALT LTTHRA AND PACKAGES BENT Ug, NO NOTICE taken of anonymous correspondence. We do not return rejected communications. Volume XXX... serene s- NO, 938 AMUSEMENTS THIS EVENING. WINTER GARDEN. Broadway.—Barxou’s Moszum PANY. BLACK CAVERN; OR, THE GOLDEN PILLS OF Magic. 10040 Famity. Open Day and Evening. NEW BOWERY THEATRE, Bowery.—Gio, tas AR- morze or Trae—Caain or Guitt—Goop For Norata. NIBLO'S GARDEN, Broadway.—Anran wa Pogus; of, tus WicLow Weppinc. WALLACK’S THEATRE. Broadway.—Coutuay Bawn. BOWERY THEATRE, Bowery.—Moor or Sio1ty—For- ‘tume's Frou0—Hanpy Axvy. WOOD'S MINSTREL HALL, 514 Broadway. —Ernrorian ‘Sonas, Dawoxs, &c.—Taz Ecno; on, tae ‘Haven Wooo. AELLER’S bear | 585 Broadway.—Saw Franotsoo Mux. | ~ "Smee iNainc, Dancing, &0.—ARRAU NA AMERICAN THEATRE. No. 444 Broadway.—Eraiorian ‘Minstactsy—Batiars, Pawromimrs, Suacesques, £0 TONY PASTOR'S OPERA HOUSE, 201, Bowery.—Sina- tng. Dancino, Buauesquss, &¢.—Tas Faenou Sono. | NEW YORK MUSEUM OF ANATOMY, Broadway. Open from 10 A. M. ti 10 P. M. 0 san sia New York, Thursday, August 17, 1865. NEWSPAPER CIRCULATION. ~ Receipts of Sales of the New York Daily Newspapers. OFFICIAL. Year Ending Name of Paper. May 1, 1865. HIpwap........-6-..065 shee teeeeeers + $1,095,000 368,150 262,000 169,427 100,000 151,079 sooo 90,548 Now Tore HERALD......+ 00000006 ‘Times, Tribune, World and San combined.. seeeeees+81,005,000 871,229 NOTICE TO THE PUBLIC. Our city subscribers will confer a favor by roporting ny of our city carriers who overcharge for the Haratv, Country subscribers to the New Yore Hanatp are re- quested to remit their subscriptions, whenever practi- oable, by Post Office Orders. It is the safest mode of transmitting money by mail. Advortisomonts should be sent to the office before nine o'clook ia the evening. THE CABLE. {n the absonco of any more definite intelligence from tho Groat Eastern, the comments and speculations of the Roglish papers which have reached us by the China will bo read with interest, On ail handa it is agreed that¢he injury to the cable must have occurred after it left the ship. Rough woather sufficient to have caused a break ago of tho cable is out of the question, as the instra- ments employed at Valentia wore so dolicate as to re- cord evory lurch of ‘the big ship. Whon the loss of in- sulation bocame known on board the Great East- is supposed that those in charge of the operations would order the ship to be put back (a order to underrun the ‘wire and discover the flaw. Whilst this operation was in progress, according to tho writer in the London Times (who witnessed the provious attempt to ley an Atlantic cable, and conse- quontly may be supposed well posted on the subject), » brisk wind or any roughness of the sea would compel ‘the tolograph people to cut the cable at once and buoy it. Tho report brought by the schooner First Fruit is not ab. solutoly inconsistent with the supposition that this was done. That supposition is supported by the fact that whilet it was in latitude fifty-one degrees, longitude thriy-nine, that the insulation first began to give out {ond the Great Eastern probably went some distance after this), it was in Jatitade fifty-one degrees and forty 4, longitode thirty-eight degrees—one degree wearer Valentin than the Firet Fruit found the buoy. Bor is the theory weakened by the fact that the Groat Eastorn and her consort lingered four days round the spot looking for the buoy, which, uniese it was attached to the cable, was utterly useless As to the possibility of recovering the cable should it have been buoyed as suggested, opinions differ. The London Daily News menvione a# an encouraging omen the fact that a cable now working was fished out of six- teen bundred fathoms of water, under less favorable cir- cumstances, Should the worst anticipations be realized, nd the cable be found to have parted, only about five hundred miles of wire wil! be lost, ae from four hundred to five hundred miles can be recovered from the Valontie end. THE NEWS. ero it Tho flaanancial excitement continue. It ie no longer Ponfined to Wall street, but is spreading through the wountry. The neighboring cities have caught the conta gion, and the pleasure eeekere at the watering places are fushing home to protect ther intereste. @hat from three to five m \hon dollars are involved inthe | Ketchum frands. The whereabouts of young Ketchum $s ankaown, but it ie foppored he hae fled the ity. Bumford, the gold operator, has been arrested and com- mitted for trial in default of thirty thourand dollars bail. lls arrest Quite J sensutIon on the street, A very Pull by in the various cases gt TYsh interesting state- Tt is now stated NEW YORK HERALD, THURSDAY, AUGUST 17, 1865. ments of tho mothods of transacting business by Anan cial circies, what gold checks are, &0., &o., wit be found in our columns. pair of the Townsend ds Bank, of New Haven, arrived hero from Liverpool, in charge of a detective, yesterday morning. The whole amount ($100,000) stolen from the his capture are published, extracted from the English Journals. ‘A quartermaster’s clerk, named Edward Russell, was also arreated at Cincinnati on the 18th, charged with ab- sconding with twenty thousand dollars in government funds. Mr, Russell was in company with a woman, -and bad in his possession eight thousand dollars in cash, besides diamonds and a watch. ‘Our Quebec correspondent gives some rather startling facts reapecting affaire in the British provinces, The Canadian debt exceeds seventy-five million dollars, up- wards of three-fourths of which has been incurred dur- ing the past ten years. When wo consider the wealth of that region this is not a very pleasant exhibit. Political affairs are also represented to ve in @ very ticklish condi- tion. Thore was quite s spicy diseugsion in Parliament yesterday, respecting the Potter-Wooa ennexation letter ‘and speech. Attorney General Cartier sated that the ministry would defer the confederation, intercvtonial rail- way and defence questions until next year, but would legislate upon the purchase of Hudson Bay territory, and endeavor to obtaina renewal of the Reciprocity treaty. The seat of government will be removed to Ottawa next me Naditional details of the naval battle between the Bra- ailian and Paraguayan fleet will be found in our Buenos Ayres correspondence, The Brazilian and Buenos Ayres newspaper accounts are also given. The Paraguayan loss was very heavy—the killed, wounded and prisoners amounting to eighteen hundred. The Brazilian loss was three hundred, nineteen of whom were officers. A late rebel arsenal in Richmond, containing fifteen thousand shot and shell, together with a great quantity of caytridges and ammunition for small arms, took fire and exploded on Tuesday afternoon. One soldier was killed and a negro severely wounded. The loss is be- tween sixty and one hundred thousand dollars. From Fortress Monroe we learn that the State prison- ers are in comfortable health and bid fair to continue so. The sale of government horses and mules in the depart- ment still continues, The wreck of the frigate Congress has again sunk off Norfolk. The Old Ironsides has gone to sea. Our Western cousins have achieved a victory. At the grand reception lately tendered General Grant at Detroit he appeared on the balcony in front of the Biddle House in response to the importunities of the vast crowd pre- nd delivered a speech. The General spoke as fol- Gentlemen, I bid you all good night.” The Lieutenant General reached, Chicago yesterday morning. The obsequies of the late Pruesian Consul General took place yesterday. The coremonies were vory simple, according to the roquest of the deceased. The remains were interred in Trinity Cemetery. Moses F, Odell was yesterday appointed Naval Officer of this port, rolieving Mr, Dennison. Tho Hon. Proston King yesterday executed his bonds as Collector of the port of New York in the sum of two hundred thousand dollars. His bondsmen sre Mossra. Androw Carrigan and R. M. Blatchford, who justify in two hundred thousand dollars each. The bonds were executed before Judge Betts, his Honor sub- soquently administering the oath of office to the new in- cumbent, who will enter upon the duties of bis office on the 1st September next. ‘The two companies of the Seventy-firat New York Togiment which left this city on Tuesday for Boston arrived there shortly before noon yesterday, They were recelyed by the Boston “Fusiliers and welcomed by Mayor Lincoln with an appropriate speech. They subse: quently visited the Navy Yard and Bunker Hill. Andrew Wiseman, charged with counterfeiting, was yesterday brought up bofore United States Commissioner Osborn for examination. The accused was defended by able counsel. Evidence as to the particulars of his arrest was given, when the case was adjourned till Tues- day next. ‘The inquest in the case of Thomas Walker, the mur- dored police officer, was continued yesterday at the Twenty-ninth precinct station house, A number of wit- nosses wore examined, and considerable testimony elicited bearing upon the affair, The name of the mys- terious woman has been discovered. The inquisition will be continued at two o'clock this afternoon. The funeral of Mr. Walker will take place from Trinity chapel this morning. The coroner's inquest on the body of young Caughlin, who died from the effects of a gunshot wound received im Second avenue on Sunday morning last, was con- cluded yesterday, the jury finding that he came to his death by the hands of Kmmrich Schneider, who was thereupon committed for trial. It is stated, however, that the prisoner will he admitted to bail in the sum of two thousand dollars. Thero was very litile doing at police headquarters yosterday. Several trifling cases were disposed of. Five hundred delegates were present at the meeting of the National Teachers’ Convention at Harrisburg yeater- day. Governor Curtin, of Pennsylvania, Governor Brad- ford, of Maryland, and General Geary were among the speakers, Two sons, « daughter and the mother-in-law of Jef. ferson Davis passed through Albany and Schenectady fon Tueeday, en roule for Montreal. The Washington correspondent of the Cincinnati Gazelle says the amount subscribed in the national Capital in behalf of Mrs. Davis amounted on the 11th inst. to aix thousand five hundred and ten dollars. One of the Hanlon brothers met with a fearful, but fortunately not serious, accident, while in the course of his acrobatic performances at the Cincinnati Opera House on Monday evening last, In attempting to grasp a rope at the conclusion of the dangerous ladder feat, he fell to the stage with -foarful momentum, rolling over uncon- scious and bleeding into the parquet. The acrobat, how- ‘ever, soon reeovered, and a surgeon pronounced his in- juries not of a dangerous character. Asafo was blown open at Portland, Me., on Tuesday night last by burglars, and twenty-five thousand dollars in money and government bonds stolen. ‘The stock market assumed a firmer tone yestorday and prices advanced, but at the close they had a down- ward tendency. Gold was steadier, and after gelling at 1423¢ closed at 14154 a 1419 on the street ‘The samo feeling of unearivess and distrust which obtained on Tuesday was again noticeable yeaterday, and during the forenoon it was aggravated by the reported failure of several other large banking houses. Business was very light and confined mostly to domestic produce. Foreign goods were nominally quiet. Cotton was dull and heavy. Groceries were without decided change. Petroleum was dull and heavy. On 'Change things were quiet, and prices were about the same for everything except pork, which opened at $32 60 and closed half a doliar lower. Tue Dark Recorp or Ox Day.—The public must have been struck with the record of crime contained in the issue of the Hxrarn yester- day, extending, as it did, to almost every class of society, and including all kinds of sins against morality and law. The.fearful record is continued in to-day’s paper. From the suspen- sion of a prominent banking house, owing to the oriminality of one of the firm, to the suicide of a poor girl, who roamed the streets and lodged in the ferry houses for three nights in misery and despair, the list is varied and alarming. The, flight of a Wall street banker, after the alleged commission of forgeries to a fabulous amount; the examination of the Phenix Bank defaulter; the murder of a policeman in Seventeenth street by a rowdy; the inquest in the case of the slaughter on board the steamboat Arrow; the arrest in England of the New Haven sav- ings bank robber, and, in addition, the horrible railroad massacre hear Bridgeport—all these, with minor cases of crime, make up the dread- ful catalogue of one day’s reports. It would be difficult to divine the cause of this accumulation of erime. It springs, no doubt, from the loose morality of the age of | speculation and money greed in which we Hve; the universal corruption which so thoroughly pervades public life that it has been commu- nicated to families aud individuals; and per- haps as much as anything else to the vast ex- pansion of paper money circulation, which is lending thousands into habits of extravagance, recklogsnces apd dinglpation,, bank, it fs reported, has been recovered. Full reports of The Excitemont in Wall Street—First Fruits of Extravegeance and Expen. sion. ‘The publio is terribly excited about Wall atreet, and Wall street is tremendously excited over recent financial revelations. The flight of young Ketchum, with « valise full of green- backs; the suspension of the old and respecta- ble firm of Ketchum, Son & Co.; the failure of Grabam & Co., Ketchum’s brokers, and the dis- covery that several hanks are ho! about two and a half millions of dollars’ of forged certificates for gold, have come close upon the heels of the Windsor and Jenkins defalcations and the robbery of the New Haven Savings Bank, and have caused # d panic. Men eye their neighbors with suspicion, and know not what institution to trust. Stockholders are rushing into the market to sell their charcs. We give in the following table & list of the leading shares sold on Monday and yesterday, and it will be seen that over eight times as many shares wore disposed of under the in- fluence of yesterday’s panic as on the compar- atively quiet Monday. This increase is astound: ing. Here is the table:— _ SHARES SOLD. Now York ¢ sogey Wola, low York Contral.. . New York and Erie 600 4,440 Hudson River. a, 700 ling... 600 2,200 000 a,a00 “no 700 00 4,400 — 1,600 100 3,050 B00 950 300 300 — 2}300 Canton Company 300 1,300 Quicksilver Minto, _ 1,425 Total shares sold. 138 33,316 Of course stocks have fallen under this pres- gure upon the market. Many 8 speoulator who is enjoying himself at Saratoga or Newport, dashing about four-in-hand, drinking the richest wines and imagining himself a rich man, will find himself poorer than the famous turkey of Job when he comes to look over the stock list to-day. On Tuesday the prices of stocks fell off largely from Monday’s quotations, and yesterday there was « further decline. Although the decline may not seem very heavy as .yet to financiers like ours, who are not unaccustomed to sudden jumps up and down of ten or twenty per cent, still it is marked and general enough to show the extent of the panic, and it will certainly breed more financial disasters. In the following table we compare the quotations for Monday and yea- terday of the leading names on the stock list at the first session of the Board of Brokers, and mark the decline:-— : PRICES OF SHARES. Monday. Wedassday. Decline. New York Central 93 BB, 4}, New York and E: 86 764 0% Hudaon River. 103% 8% 99 V6 103 f 6015 os 118% Cleveland and Pittsburg 6584 6 Chicago and Northwestero. 26 re Chicago and Northweatert 586 Chicago and Rock Island. 103 536 Pittsburg and Fort Wayns 9236 6% Cumberland Coat 31 a4 Canton Compan: 37 25 Quicksilver Mining. 50% 535 Tn our news columns we have al:eady given the particulars of the defalcations, forgeries and fiights which have started this financial panic. In the above tables we may see some of the resulta of the excitement. But there are other effects not so visible. One is the distrust of all banks and brokers which the pablic have suddenly resolved to entertain. If such banks as the Mercantile and the Phenix are not safe, and if such an established firm as that of the Ketchums can suspend, who can be relied upon? If men so reputable as Windsor, Jen- kins and young Ketchum turn out worthless, in whem shall we put confidence? This feeling will have its influence upon Wall street for many months. Besides this, the exposure of the loose, careless and irregular way in which business has been conducted shocks the public mind. It seems that the keeper of a corner grocery handles his accounts with greater ac- curacy than these Wall street financiers, and is less likely to be deceived by false entries, bogus balances and forged checks. Where there should be the greatest oaution there is the least; or rather there is comparatively none at all, Then, again, the Fourth National Bank acknowledges that it holds two hundred and fifty-tive thousand dol- lars of the forged gold certificates, and the Im- porters and Traders’ Bank holds three hundred and thirty-five thousand dollars more, Where are the reat of the forged certificates? What other banks, if any, are involved, and how deeply? The public have certainly the right to know. It is for the interest of the officers and stock- holders of every bank to make a rigid examin- ation of its affairs at once, We do not wish to increase the present panic; but itis our duty to state that we have recently heard of several minor defalcations which have been hushed up by the parties concerned. No bank was more sure of ite own soundness than the Mercantile or the Phenix at the very time that Windsor and Jenkins wore carrying on their detalca- tions. The credit of no house stood higher than that of the Ketchums on the very morning of the day that the young man is said to have walked off with a bag fyi of bille, Let no bank and no banker, then, neglect to insti- tute an immediate investigation. Those that feel most secure may be the very ones that are weakest. Stockholders may happen upon de- falcations which have been seitled without their knowledge, but which have diminished | their profits. The Presidents of the Fourth National and Importers and Traders’ Banks evidently felicitate themselves upon the idea that, at the worst, their Idsees do not exceed their surpluses and earnings for the last six months; but this appears to us a very poor kind of consolation. That it should be put for- ward 80 quickly and 80 officially proves that our financiers regard this matter too lightly, and are not yet awake to their duty of immedi- ate investigation. We do not refer especially to the presidents who have published cards about the affair, but we give our remarks a general application, and urge examinations in all our moneyed institutions. Whenever presi- dents and directors delay this work meetings of stockholders should be held to invigorate them. When we look back at the orimes which have occasioned all this loss, trouble and confusion, and inquire as to their causes, we find them ia the extravagance and expansion which have demoralized the country during the past four years. In spite of the stern necessities of a cruel and bloody war we have vied with cach other in follies and dissipations. To make money fast and spend money fast have been the provatent ragga, Moa pave argym sich ! upon the misfortunes of the country. ‘They | millicns of logal tenders were withdrawn have mado the war a carnival of luxury. To rob the government has become so notorious a Proceeding on the part of officials, contractors and agents, and has been treated so leniently, as if it were a virtue rather than a crime, that we cannot wonder when cashiers and tellers begin robbing their banks. Expenditures have been 40 enormous that an ordinary fortune has been squanilered in a year and a good income wasted in a month. The tales of petroleum princes have set people crazy, and everybody has speculated more or less. Windsor took money to make a para- dise on Staten Island, where he could live as well as the newly rich men he had heard so much about. Jenkins took money to give to Earle to invest in stooks, and when that did not bring him the return he expected, he took more money to buy diamond rings for pretty waiter girls and fit up luxurious apartments for courtesans, evidently imagining that these were the pleasures in which really wealthy ple indulged. Townsend robbed a savings Beak, and went off to Mrope to enjoy himself, thinking so little of his crime that he could criticise the sermons delivered on the steamer. An elpgant establishment and s handsome in- come were not sufficient for young Ketchum. He speculated in order to grow righer; lost money, ang became what he is. These men are but types of their classes. The present defatcations may be forgotten, and the panic subside and business go on as before; but the cause of the evil remains, and unless our banks and bankers are more strict, and our shoddy- ites, gold gamblers and speculators less ram- pant, we shall have another batch of orim- inalities and another panic to record before many weeks have passed. Endorsement of President Johnson by the Democracy of Maine. The republican party of the State of Maine was the first, and, in fact, thus far the only State organization in that party to hold a con- vention and endorse the platform and schemes of the Jacobina for social equality of race and universal negro suffrage, carrying with it, as the logical result, the Jay Cooke theory that a great national debt is a national blessing. The democracy of that State, on the other hand, are the first of that party to meet in con- vention and rally their followers to the support of the President and his reorganization policy. The republicans threw down the gauntlet by endorsing the disorganizing platform of the Chase party, and the democrats were quick to take it up and meet them on that issue. They assembled in convention on the 15th, denounced the assassination and other conspiracies of the secessionists on one hand and the radical dis- unionists on the other, and then pledged them- selves to “cordially support Andrew Johnson’ in the policy he has taken towards placing the rebel States in their proper situation and har- monizing conflicting questions.” This, we believe, is about the first of the series of democratic conventions to be held during the coming contest in the several North- ern States. As such it has set a good example for its party associates in all the other States, which we have no doubt will be pretty gener- | ally followed. In fact the developments of the past fow weeks strongly indicate'that this action of the Maine democracy is only the forerunner of the course of the party in all the other prin- cipal States. It shows a wholesome change in (be management of that organization, and re- vives some hope of their abandoning the lead of the extreme men whose councils have led them on to defeat and disaster during the war. But this Maine convention has great sigaifi- cance. The applause which greeted the several speakers when they alluded to President Johnson in « complimentary way, to- gether with the undoubted meaning of the resolutions, which were unanimous- ly adopted, all indicate the earnestness of the democracy in that State, and the deter- mination on their part to give their votes and influence to sustain Andrew Johnson against the assaults of the radicals in the republican party. As we have on several occasions as- serted, this is the point to which the issues of the State elections are drifting; that the great bulk of the people of all parties sustain and emphatically approve the reorganization meas- ‘ucos of the President, and tiat only the radical disunionists on one side and the copperhead secessionists on the other manifest any opposi- tion. They are the only remaining rebois, We should not be surprised if the democracy of Maine revolutionized the politica of that State, and changed it from radical to conser- vative, It is true that the republicans pre- tended to endorse the President, but it was couched under so many demands for negro equality, negro suffrage and Jacobin theories generally, that it leads to the belief that it is all pretense, while the democracy were une- quivocal in their endorsement, and have, there- fore, the decided advantage, and may be able to defeat even so popular a man as Governor Cony, the republican nominee. The action of the President in his initiatory movement for the reconstruction of the government departments in the North will increase the confidence of the conservative masses, and lead many who are now, and have been, waverin to take sides, to give their influence and cast their votes against the candidates which stand upon radical plat- forms. Srecm Payments Practicaste.—We have been without a specie circulation in this coun- try since the Ist of January, 1862, a period of over three and « half years, during which time the business of our tradespeople has been car- ried on with government shinplasters and irre- deemable paper, and the purchaser has not only been forced to submit to all the annoy- ances incident thereto, but has been subject to the heaviest extortions, and the most exorbi- tant prices, which the depreciation of the cur- rency could possibly render an excuse for. The war being over and peace again restored to the country, the people are beginning to wonder when “the constitutional currency,” a6 they understand the term, is to be again returned to them; but there is nobody who seems willing or able to give the desired infor- mation. The government bas recently been throwing half a million or more of gold daily upon the market for the purpose of keeping down the premium, but it has only succeeded in reducing the value two or three per cent, which will be regained, and even bigher rates be established, aa soon as the Sub-Treasury sup- ply ceases. There is but one way to perma- nently bring down the price of gold, and that {a to reduco the volume of paper. The govern- ment now boasis of tweaty-five to thirty mil. Vigus of gurplug ooip, which, if two hundred would form @ basis for the redemp- tion of the balance that would be to be permanent. Such @ movement compel the nations! banks to pay coin for their bills, and thus the fourtdation fora speedy re- turn to the specie basis would-be laid, and the hard currency would again become the medium of our daily transactions. But as long as ‘the government keeps from seven to eight hundred millions of paper afloat there will be no per- manent reduotion in the premium on gold. Speculators know that fact and operate upon it, now had an opportunity to attend to the in- terests of his administration in the North. The removal of Collector Draper and the appoint- ment of Preston King we considered as only the commencement of the decapitation of radicals of the Chase régime. Our Washington des- patches this morning announce another change in the federal office holders at this place, in the removal of the Naval Officer, Mr. Dennison, and the appointment of Moses F. Odell as his successor, This announcement is also followed with s report of 9 contemplated change in the Custom House at Boston. ‘These facts conclusively show that the Presi- dent has taken hold of the work of reconstract- ing the politics of the North in earnest, and that he fully realizes the importance of mak- ing a clean sweep of the Chase, Jacobin and disunion radical agitators, who have for some time past been plotting for the defeat of the policy and announced measures of his admin- istration. Judging from the character of the men selected for the two appointments made in this city, Mr. Johnson intends to rally around him the moderate and conservative men of the country, Mr. Odell has always been a demo- erat, and elected as such to Congress. He, however, refused to act with the copperhead element of that party, and favored the war measures of the administration of Mr. Lincoln, and has been recognized as one of the most prominent war democrats. Here, then, we have a man taken from the republican party (Mr. King), who opposes the radical portion of the party, and a man from the democratic, who has opposed the measures of the extreme or cop- perhead element of that organization, and ap- pointed to two of the most important positions at this port in the gift of the general government. There can be no mistaking the meaning of these acts. That President Johnson intends to carry on the work of reconstructing the departments of the government throughout the North, and remove all tho3e who have been using their position to advance the radical platform and fill their places with earnest Union men, who will cordially support his policy, may now be considered a fixed fact. The shaking and uneasiness manifested. among the appointments of Mr. Chase in all other posi- tions, including the Internal Revenue Depart- ment, indicate that they read the handwriting on the wall, and understand that their labors in behalf of the Chase anti-Johnson interest have made their terms of office exceedingly critical, and are liable at any moment to receive notice “that their time has come.” This action of the President has not come any too soon, for the most extensive arrangements have been made by this class of intriguers to oppose his pacifi- cation measures and keep the country in hot water, and, in fact, plunge us into another war if possible. The President, we repeat, has more to fear from the disorganizing radicals and Jacobins of the North than he has from the Southern people. They have been using the Custom House and Internal Revenue positions to accomplish their purpose, and nothing short of a general decapitation of those who have been engaged in these plots, and the breaking up of the New England Jacobin oabals, will prevent their inciting strife and stirring up an ingurrection of the blacks in the South, leading to a desperate and relentless war between the two races. This, following the expensive war with the rebellion, will increase our already large national debt, and not only be a serious blow to the country, but will be fraught with the most direful results. We again urge upon the President to continue his. work already commenced, and thus give confidence to the great mass of the American people and insure stability to our government and institutions, Tow Navy Department and its Steam En- ores.—Mr. Forbes, a steam engine builder of this city, and Mr. Dickerson, ¢ steam engineer of some experience and capacity, have, in. tho steamer Algonquin, brought the Navy Depart- ment to the test of a trial between one of its ships and the Algonquin. Engineer Dickerson holds the ground, and has held it for several years past, that the pet engines of Chief Engineer Isherwood, of the Navy Do- partment, are failures, and that Isherwood himself is an incompetent pretender. As we understand it, the contract given to Mr. Forbes was mainly for the purpose of bringing this accusation to the proof. The Navy De- partment has accordingly granted a trial be- tween one of its pet engines and the Forbes- Dickerson engine; but the trial, from the facts before us, as so far arranged and manipulated by the department, appears to be an outrage upon fair play and a defiance of public opinion. If Mr. Isherwood can change the wheels of the Algonquin, and manipulate its engine to suit his purposes, his proposed trial of speed, with both vessels hitched to the dock, will be one of the baldest impostures of the day if carried out. If Mr. Secretary Welles, therefore, is a party to this suspicious business, in bebalf of justice and fair play and the public Treasury we must call upon President Johnson to inter- fere. Any further trifling upon this really im- portant subject will be dangerous to all con- cerned. If the administration will not bring this controversy to a fair settlement it will go before a committee of Congress. Whether En- gineer Isherwood’s engines for the navy have been worth their money, or have cost the gov- ernment five, ten or twenty millions more money than necessary, is a matter of some interest to the American people. diiniageneenaeeeetnienle A Jos ror THe Porice Commissionens.— It is es- timated that property amounting to between three and four hundred thousand dollars ts dally stolen by professional thieves and pick- pockets in this city, The metropolis swarms with this class of villains, to say nothing of the huge embezzlers and defaulters in Wall street. Our city could be ridden of the small class of thieves and pickpockets in forty-eight hours if the Police Commissioners would do their duty. Neorly every thief is personally known (9 the police, and if the,. ‘wee | the community will, in nett eeaues, comet 6 2 suffer from the depredations of th* ttle villains who are known to be around, pobodiaooacamansenS Lrrttz Rarwoxp on ANDY Tomson: —The little man Reymond, who, in conjunction \vith Thurlow Weed and a queer lot of confederate." has quite a number of axes to grind at Waeh- ington, has become exceedingly anxious in regard to the health of President Johnson. Raymond thinks that the first duty of the Press ident to himself and the country is to take care) ofhis health. We think so too. But the “Lit- tle Villain” is fearfully apprehensive that if President Johnson should unfortunately be lost to the country at this crisis we should be thrown, North and South, into a dreadful con- dition of revolutionary discord and confusion in the election of a new President. Now, it is our hope and expectation that President John: son, in good health and strength, will be spared yet for many’ years; but should he even now be unexpectedly cut off, the event, although « source’ of universal regret, would not throw the country into chaos. The manifest destiny of this mighty people is not dependent upon the life of any man. It is in their own hands, and they will take care of it, Ifa Presidential election were to become necessary even in the interval to the regular meeting of Congress, it would be conducted as safely and quietly as the last election of Abraham Lincoln. The late insurgent States, as the last winter’s dec! ing them, be left out. The loyal States would have the election to themselves, and they, we doubt not, regardless of party, would find out aman as worthy to stand as the successor “Andy Johnson” as he is to stand in the shoes now stand, would, by ion of Congress respect- of the lamented Lincoln. We share in the general solicitude for the health of President Johnson; but whatever may happen to him or to any other individual, the country is safe enough; for it can never here- after be brought to face such fearful perils as those through which it has triumphantly passed. The country is safe, because its destinies are controlled by a patriotic and intelligent people." Geverat Sicetes at Boston.—If we have a Massachusoctts man in General Hooker, with his headquarters at New York, as commander of the Department of the East, we have a New Yorker, in General Sickles, as commander of the military district of Massachusetts, with his headquarters at Boston. We do not suppose that either of these fighting generals has a very arduous or perilous campaign before him ; but it is still possible that the rampant, disorgan- izing abolition radicals of Boston may furnish some employment to General Sickles which they little anticipate. He goes to Boston as the military servant and supporter of the ad- ministration which these pestilent radicals are evidently resolved to rule or ruin. Letthem be ware, therefore, in cutting up their shines that they go not too far, or otherwise they may find themselves suddenly ¢lapped into Fort Warren. General Sickles is not the man to stand upon trifles when he believes there is a necesalty for the exercise of military power in behalf of law and order. He is something of a strict con- structionist, and if necessary will be prompt im bringing the military power exercised against one set of disturbing agitators at Richmond pretty effectively to boar upon auother set at Boston. “Sauce for the goose will also dd as sauce for the gander.” Taz Kentvcxy Bourpons.—As Napoleon said of the French Bourbons, so it appears to be with the Kentucky Bourbons—“They never forget anything, and they never learn any- thing.” They cannot forget their “divine in- stitution” of slavery, and they will not learm that it is set aside, superseded, abolished and defunct. According to the Congressional re- sults of their late election, we conclude that they have elected a Legislature opposed to the ratification of the constitutional amendment abolishing slavery. Thoy still stick to their niggers, although the able-bodied of them have run away, and those who remain are not worth having, and although there is no chance of fighting off that inevitable amendmeut. Such are the Kentucky Bourbons. They were more troublesome to President Lincoln than South Carolina. They bave been crooked and crotchety from the beginning of the war, and they are atifl intractable in thelr folly. The leaders of the Kentucky Bourbons have, per- haps, become case-hardened and demoralized by Bourboa whiskey. CITY INTELLIGENCE. Promo ov tue New Youw La Crosse Cron.—The drat annual picaic of this club was held at Jones’ Wood yos terday, where a good time gonerally was had, and aeve- ral athletic games were played. Upwards of one hun- dred dollars worth of prizes were distributed among the successful competitors in the various games, which con- sisted in that of La Crosse, hurl racing, long racing and jumping. Much proficiency was evinced by the mem- bers of the club in all of the above athlotic sports, A fine cotillion band was in attondance on the platform, where many festive votaries of the terpsichorean art were engaged throughout the day. AN Apprtronat. Reservorr.—A new Croton reservoir is about being orected in Carmansyille, its extreme northern boundary to be 174th street. Tho property is almost on- ey owned by the heirs of the late Mra. Lennel and Mr. R. F. Carman, and is two hundred and four feet xbove high water mark, being but sixty-seven feet bolow the highest point on the island, which is two hundred and seventy-one foot. The dimensions of this aqueduct, the plans of which are being prepared by the Croton Aque- duct Board, will be four hundred and eight feet holding ten million gallons of water, which is intended to meer os lands lying on the low ground round that neighborhood. ‘The water will be pumped out of the aqueduct by # steain engine, to be located at High =_— A tower one hundred and twenty-five feet high will erected to supply the high lands, thie ihe thought to have LE eeed ceyel to enable the hi houses in the neigh! to besupplied. The range supply frot this reservoir will be to 130th street, and it is thought it will be completed in about two years from the date of its commencement. Acqurrep.—Mra, H. D. Perny, arrested on the com- plaint of Mre. McLane, and charged witn the robbery o gold from # seaman named Lawrence Ridland, on or the 26th of July last, bas been honorably acquitted oy the Grand Jury Sher hn examination, having been found innocent of the alleged crime. The money secn in her possession by Mrs. McLane was shown to have been Psion sy to her by Ridland when under the influence of jiquor. Fine 1 RivixcTox stret.—About twelve o'clock on ‘Wednesday a fire ocourred in the varnish factory of Wil- liam Tiden & Nephew, corner of Rivington and Norfolk stroets. Tt was caused by some varnish in « meni ie niting from the heat, ‘The amen were goon extingul Damage about $50; no insurance, Two Fosagenry bon in that part of the factory, nessa John og nard Meyer, were badly about their hands and — They were both sent home and properly ‘care iw Licutenant General Grant and staff arrived Y4¢ morning, and will remain until Friday morn! ‘will go to Galena, where he will stop sevoral, ) Accident at Peak’s Is)and. PortLann, Me., August 16, 1868. The Rev. Mr. Leo, of Broskiyn, N.Y; was danger. ously injured by Calling froze the rocks at Peak’s Weland to-dar, he