The New York Herald Newspaper, August 18, 1865, Page 4

A NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. Orri0E N. W. CORNER OF FULTON AND NASSAU STS. ‘TERMS cash in advance, Money sent by mail will be at the risk of the sendor. None but bank bills current in New York taken, THE DAILY HERALD, published every day in the year, Four cents per copy. Annual subscription price, $14. KLY HERALD, every Saturday, at Five Annual subscription price:— One Copy... Three Copies. Five Copies. Ten Copies.. Postage five cents per copy for three months. Any larger number addressed to names of subscribers $1 50 each. An extra copy will be seut to every club often. Twenty copies to one address, one year, $25, and any larger number at same price. An extra copy will be sent to clubs of twenty. These rates make the Weexiy Hekanp the cheapest publication in the country. The Eurorsan Evrriox, every Wednesday, at Stx cents per copy, $4 per annum to any part of Great Britain, or $6 to any part of the Continent, both to include postage, ‘Tho Caurorsta Eprmioy, on the Ist and 16th of each month, at Six cents per copy, or $3 por annum. Apvenrisements, to a limited number, will be inserted inthe Wee«tx Heratp, the European and California Editions. Jon Paintin of all descriptions, in every variety, style and color, executed with promptness and on liberal- terms, ‘Volume XXX... AMUSEMENTS THIS EVENING, BOWERY THEATRE, Bowery.—Moor or Sicity—For- one’s Frovic—Hanpy ANpy. WINTER GARDEN, Broadway.—Banxow's Musnuw Company, BLack CavERy; on, THe GouDEN PiLLs oF Magic. Nicovo Famtuy. Open Day and Evening. NEW BOWERY THEATRE, Bowery.—Gio, tux AR- monger oF TYRX—CHAIN oF GuiLT—Goop FoR NorHiNG. NIBLO'S GARDEN, Broadway.—ARRu Na Pogux; oR, ‘mux Wickow WEDDING. — 95, WALLACK’S THEATRE, Broadway.—CoLteen Bawn. WOOD'S MINSTREL HAL! 6onas, Daxcrs, &c.—Tue Econo; (4 Broadway.—Eratortax mR, THE HAUNTED Wood. HELLER'S HALL, 58 Broadway.—San Fraycisco Mrv- a ga Singin, Dancing, &C.—AKRAH NA PoauE. ; AMERICAN THEATRE. No. 444 Broadway.—Ermiortan Minstrersy—Batuers, Pantomimes, BuRLESQUES, &¢.—Lrs Deux Fuainrs. TONY PASTOR'S OPERA HOUSE, 201 Bowery.—Sina- tra, Dancixc, Burumsquss, &0.—Tuz Faron Scuoo.- masTER. NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— Open from 10 A. M. till 10 P.M. New York, Friday, August 18, 1865, a ane NEWSPAPER CIRCULATION. Recetpts of Saics of the New York Daily Newspapers. OFFICIAL. Year Ending Name of Paper. May 1, 1865. HIMBALD..... 0.2 csc creeecsceesecceeccees $1,095,000 368,150 ‘Tribune... 252,000 Evening Post 169,427 World. . 100,000 Sun... 251,079 Express... 90,548 New Yor Herarv... ‘Times, Tribune, World and Sun combined. . 871,229 NOTICE TO THE PUBLIC. Our city subscribers will confer a favor by reporting bay of our city carriers who overcharge for the Herat. Country subscribers to the New Yore Herp are re- quested to remit their s:bseriptions, whenever practi- cable, by Post Office Orders. It is the safest mode of transmitting money by mai. Advortisements should bo sent to the office before nine o'clock in the evening. THE CABLE. By the arrival of the British war steamers Terrible and Galatea at St. Johns, on Tuesday evening, we learn that the cable parted and sunk on tho 2d inst, in nearly two thousand fathoms of water. After three unsuccess:ul attempts to raise it by grappling, the Great Eastern, with the remainder of the cable on board, returned to Sheer- ness on the 11th. It seems there was no difficulty in grappling the cable, even at the great depth of water of two thousand fathoms; and the object of the return of the Great Eastern was to obtain stronger grappling gear, that on board having broken three times. The despatch #tates that as soon as proper tackle is prepared it is the jutention to commence again grappling for the cable. Our readers must bear in mind, however, that un- doubtedly the best construction is put upon the matter possible by the English authorities, A diary, kept by Mr. Cyrus W. Field, giving the move- ments of the Great Eastern from the 15th day of July to the 11th of August, when the second attempt to lay the Atlantic cable was abandoned for the present, will be read with great interest. THE NEWS. Ono of our Paris correspond :nts sends us an important communication respecting political affairs in Spain. The Quoen and her Prime Minister are not on at all good terms, a strong republican feeling existe among the officers of the army, and a revolution may bo considered as imminent. Matamoros (Mexico) dates are to the Sth, Gen. Mer. Fite, at the head of nine thousand cavalry, was reported ‘a chort tino previously at Austin, Texas, en route to tho Grande. The rebel Gon. Slanghtor denies that Gen. (Mojia and the imperial forces assisted the Confederates in any way. Gen. Canales and lis son are reported to we deserted the liberal cause, Travel was safe on the ‘Rio Grande. | Tho Mississippi State Convention has been in seasion ince the 14th instant, A despatch states that tho ablest and moet talented State representatives have been pres- ent, Anumber of resolutions have been passed of re- to the Committee on the Constitution having in ‘view the restoration of the State to its constitutional re- Aations to the federal government. | The Ponnsylvania Republican State Convention met at Harrisburg yesterday. Revolutions expressing coniidence fin President Jobnvon’s administration, aud endorsing bis policy; recommending the confiscation of the property ‘of Southern rebels where it amounted to over ten thou- Band dollars in value, for the purpose of paying pensions, \uo., to aoldiers, and endorsing the Monroe doctrine, were bmitted, John F. Hartrauft was unanimously nomi. 6d for Auditor General, and Jacob M, Campbell for rveyor General, James Cessna was solectod as Chair. |man of the State Central Committee, and the Convention ‘adjourned sine die. } ‘Tho Minnesota Democratic State Convention met at St, Paul on Wednesday. Resolutions sustaining the recon ptraction policy of President Johnson, in favor of the |maintenance of the Monroe doctrine, opporing a pro. ‘Wotive tariff, and denouncing the suspension of the writ of habeas corpus were adopted. a ane | Governor Johnson, of Georgia, has issued a proclama. ‘Von authoriziog e Ordinaries throughout the State to administer the President's oath of amnesty to all pertons ited to receive tho same; also that all the ci¥il om. | of boing blown up from the time the vessel left her dock NEW YORK HERALD, FRIDAY, AUGUST 18, 1865. cers of the State who have taken and subscribed the | The Mississippi Comvention—The Negro | is the only paper read “everywhere,” and that oath prescribed in the proclamation aforesaid, if not em braced within any of its exceptions, or who may have re- ceived special amnesty, if embraced, shall proceed | thereafter in the discharge of the duttes of their several | offices, acoording to the lass in existence prior to the Ist of January, 1861, so far as the same are not incousisient with the present condition of the State. General Steedman, in command of the department of Georgia, has issued an order intended to regulate all questions of wages, debts, contracts, assaults, &c., that may occur between whites and the freedmen, The order is also very stringent respecting vagrants, either white or black, in his department, Such persons are to be ar- rested and severely punished. ‘The preliminary examination in the case of Charles Brown and Genevieve Lyons, in the matter of the Phenix Bank defalcation, took piace before Justice Ledwith, at the Jefferson Market Police Court, yesterday, Jenkins having already been committed to the Tombs to await bis tria) at the Court of Genera) Sessions, The Cashier of the Bank, Mr. Parker, was examined, and two detec- tive officers, McCarty and Devoe, gave their testimeny as to the manner iv which they made the arrest, and as to tbe confessions made by the prisoners under trial of the money received by them from Jenkins, The prosecu- tion announcing that they have still other testimony to furnish, the further bearing of the case was adjourned till to day at ten e’clock A. M. ‘There were very few new developments in the Ketchum case yesterday, The missing check book bas been dis- covered. Three bundred and forty-five checks bad been cut from it. The whereabouts of the fagitive is still unkuown, Judge Sutherland yesterday issued an attach - ment against the property of the defaulter. ‘The examination in the Mumford case was postponed yesterday until ten o'clock this morning. The affidavit of Cornelius Ward, a clerk in the employ of Greenleaf, Morris & Co., was Oled, He states be is informed and believes that worthless checks to the amount of one bua- dred and Gfty thousand dollars have been issued. The State Central Committee of the republican or Union party held a meeting at the Astor House last evening. The division on the day to be fixed for the Convention indicated that the Weed men were in favor of delay and the Chase or radical faction in favor of the earliest time they could get. The Weed interest pre- vailed, and adopted acall for the 20th of September at Syracuse, to be addressed to those who believed in the doctrines of Lincoln and would support the policy of President Johnson, thus, it was,thought, giving the greatest practicable breadth to the call. Preston King, the new Collector of the Port, left yea- terday for St. Lawrence county, where he will remain for some days, to be back here before the Ist of Sep- tember. Moses F. Odell, the new Naval Officer, is understood to have filed his bonds yesterday, preliminary to taking his position on the 1st of September. We have received from Mr. Cornelius A. Runkle, Deputy Collector Ninth division, a long letter in reference to a statement in the Heratp to the effect that Mr. Simeon Draper has been in the habit, as Collector of the Port, of exacting a tariff of his own on merchandis9 without authority of law. The letter of Mr. Runkle ia explanatory of thy rift of one cent per pound collected on cotton at the Custom Houde, and he quotes a circular from the Treasury Department ordering the levy of the shipping fee of one cent per pound on cotton shipped by producers. He states that this fee was abolished by the Treasury Department on July 24, and nothing had been since collected. $ The eighty-eighth anniversary of the battle of Benning- ton was cclebrated on Wednesday with more than the usual enthusiasm, The headquarters of the cetcbration, of course, is Bennington, Vermont, but the people from quite an extent of country surrounding the place participate in the exercises. The celebration this year. was under the auspices of the State Historical Society, There was a procession, an address, speeches by many prominent men, and @ grand ball in the evening. By an officer of one of the vessels destroyed by the Shenandoah in June last, who arrived at New Bedford two days ago from California, we have further details of the doings of the pirate. The Shenandoah, when last seen, was bound for Cape Bohring, and as there were filty whalers in the Kamschatka Sea more captures were probably made. ‘The investigation in this city yesterday into tho cause ‘of the steamboat Arrow disaster, as developed at the inquest on the bodies of Miss Ericsson and Mr. Weatlake before Coroner Gover, revenled a most lamentable want of caution on the part of those having charge of the in- spection of steam boilers. The evidence elicited showed that the boilers were in a most dilapidated condition, that the vessel was sailing under two names at the same time and that a disaster was anticipated by some of the passengers, In Brooklyn yesterday the investigation ‘was resumed by Coroner Lynch, and a number of wit- nesses were examined. The testimony all went to show that the reputation of the boat was bad; that the boilers were unsafe, and the passeugers wore in constant dread at four P. M., on the Sth inst., until the time of the acci- dont, The investigation will be resumed on Monday next at ten A. M., when some very important testimony is expected to be given. The coroner’s inquest in the case of the murder of police officer Thomas Walker was concluded yesterday. The woman McCuen, who was found on Wednesday night, swore positively, in contradiction to the testimony of several other witnesses, that she was not in the neigh- borhood of the place where the murder was committed, on Monday afternoon or evening, and that she knew nothing whatever about the matter under investigation, At the conclusion of the testimony the jury rendered the following verdict :—“That Thomas Walker, the decoased, came to his death by a pistol shot wound in the hSad, and, from the evidence produced, we think at the hands of John Ward, and we think that Patrick Collins, Joseph Murray and James Farrell are accessories to the killing ;”” whereupon the prisoners were committed to the Tombs to await the action of the Grand Jary. The funcral of the unfortunate officer took place yesterday, and was made the subject of a solemn ovatiow on the part of the Metropolitan police force. The trial of Wirz, the Andersonville jailer, at Washing. ton, has been again postponed, A correspondent sends an interesting letter from Fortrees Monroe, giving a detailed description of the ap- pearance of Jefferson Davis, his habits, what he says and does, with various opinions about him, his trial, &c., tovether with accounts of other State prisoners confined in that stronghold. | ‘The details of the trip of Companies B and H of the Seventy-first regiment, of this city, to Newport and Bos- ton, are given in our correspondence from those places. General Benjantin F. Butler was before Surrogate Tucker yesterday on an order of the Court to show cause why an inventory of the estate of Colonel Andrew J. Butler, deceased, of whose will the General is executor, should not be filed, or an attachment issue on failing to do 80, Genoral Butler personally explained his delay to have arisen from a misconception of the tine when such inventory was required, and from no purpose to commit a contempt of Court. The Surrogate directed the inven- tory to be returned on or before Wednesday of next week. One of our watering place correspondents, writing from Sharon Springs, not only gives an account of the season at that fashionable place of resort, but reviews the va- rious aystems of petty extortion which are prevalent at American watering places. He professes to aecount for the scarcity of young men at there localities, and dis- cusses at length the economics of pleasure travel. It would seem that the extravagant prices charged this season by hotel keepers are recoiling on them, and that their establishments are suffering thereby. Governor Parsons’ proclamation, a8 first published, ordered the eloction of delegates to the Alabama State Convention to be held on “Monday, the Sist day of Au- gust,” aod the Convention to assemble on the 10th of September. As the 3iet of August does not fall on Mon- day this year, and as the 10th of September will be Sun- day, the Governor has revised his proclamation, and now orders the election to be hold on Thursday, the Siet day of Avgust, and #he meeting of the Convention on Mon- day, 11th of September. The stock market was firmer but foverish yesterday, Gold closed at 142). Commercial matters were more quiet and steady yes- terday, the excitement occasioned by the Wall street thioving operations baving nearly passed off. There is still a good deal of anxiety, however; but unless more failures transpire it will soon die out. Business was small in imported goods as a general thing, but there was altogether more doing in domestic produce. Cotton sold freely for export, and prices were better. Petroleum was dull, but something was done for shipment. Groceries wore steady. On 'Chauge flour was 100. to 20c. higher, whoat 2c, a 8¢,, corn 2c., with a fair speculative demand forall, Oats were heavy. Pork was dull, but rather botter prices were realized. firmer. w Lard was dull, and whiskey | Suffrage Question. Under President Jobnson’s Provisional Gov- ernor, Judge Sharkey, the people of Mississip- pi are leading the way in the work of restora- tion. They have elected their delegates to a reorganizing State convention, and that con- vention is now in session at the city of Jack- son, It is the business of that convention to frame a new State constitution, not on the old Southern corner stone of African slayery, but on the new corner stone of universal liberty. The work before them is a revision of the play of Hamlet with the part of Hamlet left out, Hamlet having been killed off. Slavery is dead, and upon this accomplishod and irrevo- cable fact Mississippi and all the other late rebellious States must be reorganized as mem- bers of the Union. This condition precedent, recognized and urged upon the people of Mississippi by Gov- ernor Sharkey, will doubtless be fulfilled by their State Convention, That body will frame @ new State constitution upon the basis of emancipation, and will provide for the election of a regular Governor and other State officers, and for a Legislature and members t4 the fede- tal House of Representatives. It is altogether probable that the leaders of this convention will follow the example of the reorganization of Tennessee, under Provisional Goversor “Andy Jobnson,”’ as a safe model. and that they will thus leave the settlement of tbe suffmge ques- tion to the State Legislature. This will be fair enough; but there is also a question of policy involved, and it ought not to be overlooked. The question of negro suffrage, which in Ten- nessee was turned over to the Legislature, has been by the Legislature decided for the pre- sent against the concessions to the blacks of the right to vote. Herein there isa difficulty which may possibly result in stopping even the members of Congress elected from Tennessee at the doors of the two houses; and ii must be remembered that with their rejection the reor- ganized government of Tennessee will be re- jected, and so with every other State concerned. The decisive power over the subject rests with the two houses of Congress, or with either of them ag the case may be. It must also be remembered that this thing of the elective franchise to the emancipated Southern blacks was hardly thought of, and that they were not in fact emancipated, except in a few districts here and there, while Governor Johnson was engaged in the work of reorganizing Tennes- see. Circumstances have wonderfully changed since that day. The most remarkable among these changes is that of the Northern radical abolition faction from the cry of emancipation to the cry. of negro suffrage. It so happeus, too, that this political faction has secured a | party in both houses of the new Congress that will, in all probability, have the power to make this test of negro saffrage the test.of the resto- ration of every one of the late rebellious States to Congress, not already admitted. Manifestly, then, it becomes the policy of the States con- cerned to consider this difficulty, as it is their interest that is most concerned in being re- stored to Congress as soon as possible. But must the Southern States then recognize the doctrine of negro equality before they can be admitted again to Congress? They may or may not, just as it pleases them; but we appre- hend that, unless they yield the principle of negro suffrage, they will cast the political game of the future into the hands of their Northern adversaries. Why should there be anything 80 very dreadful to Mississippi, for instance, in this idea of negro suffrage, when there are Southern men now living, slaveholders at the time, too, who have voted with negrocs in the slaveholding States of North Carolina and Ten- neszee?_ We think that the course of wisdom on the part of the whites of the Southern States is to make their emancipated blacks their friends and their political allies; because otherwise these blacks will be made their enemies, and will so be used to some purpose by Northern fanatics and sectional agitators. We would, therefore, appeal to the Mississippi State Convention, now in session, seriously to consider this negro suffrage question in all its bearings; and that while they will lose nothing, but gain everything, in a political and social view, by conceding the principle of negro suffrage, they will gain nothing, but will lose mach, in being excluded from Congress, even for another year, and will, at the same time, be menaced with serious dangers in making the interests of their emancipated blacks hostile to their own, and the blacks themselves the willing instru. | ments of Northern fanatics. Negro suffrage, upon the basis of a property qualificatjon, as in New York, or upon the test of reading and writing, as in Massachusetts, will be sufficient to open the doors of Congress to the State granting the principle upon these or any rea- sonable restrictions. There is no necessity for universal negro suffrage. The yielding of the principle involved will disarm the abolition radicals, and open the way for the transfer of the political power of the country into the hands of a new conservative national party. Looking to these important ends, and to the still more important question of harmony, social and political, between Southern whites and blacks, we would earnestly call the atten- tion of the Mississippi State Convention to the sound policy suggested of conceding, under proper restrictions, the right of suffrage to the black man. He is no longer a slave, and must, therefore, become a citizen and the friend of his white neighbor or an outcast and an enemy. ‘Tne Soccess or Our Mission Recooyizep.— The universal circulation and influence of the Heratp was a fact of course long known to ourselves, and as it wasalso equally well known to the public at large we did not think it worth while to say anything upon the subject. It is satisfactory, however, to find that the Tribune promulgates the fact, which we were too modest to state ourselves. In the Tribune's issue of ‘Tuesday last we find it stated in its Beaufort (N. C.) correspondence that:— cironlaten at all in and insidious Naw Wi other newspaper the Sate (Norte Caroll ine) the lying ‘Yors Hana ‘yer | ite slimy ‘where, On ail on the suffrage question—that the President, with mone na th Lg swith a pro-rlavery, nogro-hating party’of he South, be in good condition for dividing the national patronage. We are very giad to know that we are making such headway against the radical Jacobin fac- tion, discomfiting their aims, and utterly dem: ishing their treacherous schemes to obstruct honggt reconstruction policy of the President. This is at present our practical mission, and the acknowledgment of tho Tyibune that ‘ho Hunanp its opposition to the Jacobin tactics has pre- cisely the weight which we intended it should have, is refreshing ; although we were perfectly well aware of that fact before the Tribune announced it. Fate of the Atlantic Cable, We are no longer in suspense as to the fate of the Atlantic cable. The news received yes- terday by the arrival of the British war steamers Terrible and Galatea—the consorta of the Great Eastern—at St. Johns, Newfoundland, in- forms us of the failure of the enterprise. The cable parted on the 2d inst., in 1,950 fathoms of water. It was grappled for three different times, and was raised twelve hundred, nine hundred and six hundred fathoms respectively, the grappling machinery breaking each time, and thus exhibiting its inefficiency to raise the cable. The Great Eastern consequently re- turned to England for grappling gear of a more powerful and perfect character. The cable, however, it appears did not break in the efforts to raise it from its bed, some two miles under the surface of the ocean, and as the buoy which marks the place in mid-ocean where the frac- tured end of the cable lies is reported to ride out the gales well, it is just possible that, if the Great Eastern returns to the spot with good grappling instruments, it may yet .be raised, spliced and carried to its destination in Heart's Content. This, however, may pow, under all circumstances, be regarded as very doubtful. The hopes entertained for the success of the cable were considerably dimmed when the news brought by the sailing vessel First Fruit reached here a few days ago. The information so charily furnished to the captain of the First Fruit, by the steamer Terrible, did not afford much room for hope. The commander of the Terrible did not state whetber the broken cable had been attached to the buoy “No. 5,” or whetber the cable lay at the bottom of the ocean, and the buoy was placed there to mark the spot where the disaster occurred. We were, therefore, in total ignorance upon that point until the late arrival. It was difficult to con- ceive the object of leaving a buoy there if the cable was fractured and went down in a depth of nearly two miles of water, as all idea of raising it seemed at that time out of the question, However, the failure of this attempt must not be considered as destroying our chances for telegraphic communication with Europe. There are still three other routes which are Open to us—one by Bebring’s Strait, another by the Iceland route, and another by the Cape de Verde. Islands to Frasce. One, or all of these lines will undoubt- edly, be constructed; but, at the same time, it is to be regretted that the grand At- lantic enterprise should look so like a failure | after the many millions. which have been liter- ally sunk in it. The recent disaster is proba- biy owing to bad management on the other side, and the interference of members of Par- liament and other unskilled persons with scientific men. These gentlemen may represent their constituencies very well in the House of Commons, but they know no more ebout laying a cable than the man in the moon. It is not Parliamentary experience that is wanted, but common sense and scientific knowledge. We hope, therefore, that when the enterpriso is again undertaken, its management will be entrusted to men who understand it. It is probable that the route by Bebring’s Strait will be the first constructed, aa the soundings have been already made, and the Russian government have given the scheme an authoritative sanction, and the stock, we be- lieve, is all disposed of. The attempt to lay the Atlantic cable has proved one fact which is important in its bearing upon the prospects of the other submarine lines. It has proved that insulation can be preserved for a distance of over one thousand two hundred miles, and as the submersion of the cable in either of the three lines, by Bebring’s Strait, Iceland or the Cape de Verde Islands, will not exceed six hun- dred miles at any one point, the continuity of the electric influence for that distance may be relied upon. Hence we see no reason to despair of securing telegraphic intercourse with the old world, even should the Atlantic cable prove an impossibility, which it would, per- haps, be premature to assume, even in the pres- ent cloudy condition of the enterprise The Evening Stock Exehange and Some of Its Effects. Some time ago we excluded from our col- umns the reports of the quotations at the Even- ing Stock Exchange. It would have been well for the community bad the other papers fol- lowed our example, and had our reputable bankers and brokers discountenanced the even- ing board. This exchange is at once the off- spring of the reckless spirit of speculation which has infected the country, and the cause of the continuance of that furor. It bears precisely the same relationship to the regular Board of Brokers that the concert saloons do to the theatres. It panders to the very worst forms of financial greed, and has done more to de- moralize our financiers than almost any other agency. Our Windsors, Jenkinses, Ketchums, Townsends and Mumfords graduate there. In the feverish scramble for gain which takes place there every evening all sorts of crimes are engendered. During the past four years our Wall street financiers have been excited almost to madness. Beginning at the Board of Brokers in the morn- ing, they have whirled through exchange after exchange until midnight, like @ pack of howl- ing dervishes. They were to be found at the first and second sessions of the regular board, at the first and second sessions of the-open board, at the continuous session of the curb- stone board and at the gold room; and when the Evening Exchange was opened they carried their pale faces, hoarse voices and nervous frames to that board, and bought snd sold, and sold and bought, until midnight. This was not business; it was frenzy. Body and soul were alike debilitated by this constant and unnatural excitement. Its victims were as insane as the opium eaters, At first they managed to pass a little time at home with their families, and thus recuperated ; but the Evening Exchange robbed them of this pleasure, made them strangers to their wives and children, dragged them into the worst phases of dissipation, demoralized their chat \ heavy and the opportunities were favorable to orime. The path from ing Exchange. to the bagnio, to iof vice, to the faro bank, to f tion, to ruin and to ® Zafigeon is plain. 8 Of It is quite timg that all respectable newspa- | were obliged to rosort to fraud and forgery to ! gceident on the New London and Northern Keilroad. their habits, and rendered | that thoy 1% Sossessed the power them, ufjgble “to resist temptation when their | plist, ¢ fame thing without the assistance of J t¥s 86 defatca- | of pers, bankers, brokers and operators should unite in discountenancing an institution which has already done so much damage and has so transformed our honest and orderly business community into a wild, disorganized and crimi- nal set of adventurers and speculators. The very name of Wall street is now synonymous with fraud and defalcation. Old business habits have been broken up, and the new race of gamblers who have usurped the lead of the street find the ordinary channels of business too confined for their desperate transactions. In former times the word of a financier was as good as bis bond. Brokers trusted each other more implicitly than any other class of men. Now every precaution has to be taken to pre- vent deception, and even this is insufficient to keep the oldest houses from being swindled. To such a condition have we come that a man may not trust his brother or his son in the uni- versal greed of speculation. For the sake of one more chance to add to their gains or re- trieve their losses the operators desert their families, neglect all social amenities, and spend their nights in the poisonous atmosphere of a heated room, screaming and struggling and ges- ticulating like fiends rather than men. The deleterious influences of the Evening Exchange are mainly responsible for this changed state of affairs, and we believe that it will be better for business men, better for business, better for their wives and families, better for society and better for the city and country generally, if all respectable per- | sons should unite to put down that institution | and restore the stock market to its regular and healthful condition. We therefore call upon all our bankers and brokers who have any self- respect left to join together and suppress the Evening Exchange, Secretaries Gh: loch, and t tors. There is always some direct cause for the financial convulsions and defalcations which occasionally break in upon the public with as- tounding developments. While the recent pecu- lations, frauds and defaications, which have thrown the financial community into a state of excitement, were, no doubt, brought about by a combination of circumstances, yet there is no disguising the fact that the management of the affairs of the United States Treasury, under the administration of that department by Sec- retaries Chase and Fessenden, laid the ground- work for the present condition of affairs in Wall street. The seed was sown by those officials, and we are now reaping the harvest. Under the system which they inaugurated the bankers o24-drokers Were ‘led ittto a plaw-of looseness in #heir pperttions, which’ has gradu- ally gone on; step by,ptep, until neatiy “1 are involved in ff, It wil a mffacle if’ the con- vulsions do: not prove,general, sweeping down the operator} right.and left, great and small. Ttis well known that Mr Chase almost in- variably had his pet brokers or bankers in this city, whom he kept advised of his necessities and movements, and thus enzbled them to act accordingly. These facts were scrupulously kept from all the other bankers, as well as the public. The favored few, under this arrange- ment, were always ready to secure the advan- tages of the money market, and profited largely thereby. There was'no inducement for them to follow strict fiuancial principles; but, on the other hand, knowing beforehand what the Secretary of the Treasury intended to do, . Fessenden and McCul- Wall Street Specula- all that was left for them was to recklessly | tha: General Merritt, with nine thousand federal caval jamp in and reap the reward of snecess. The wilder they engaged in the speculations and the less they were guided by natural rules, the more money they made. Thus, baving been forewarned that the Secretary of the Treasury | of a musket ever crovsed the Rio Grande or othe was about to call in all the money on deposit and demand another loan—as he generally did when the fever of speculation was at its height and the tide of stocks upward—the favored few wouid recklessly sell everything on the list, and trust to their chances of buying in at a reduced price. On the top of this would come an official demand of the Treasury, which would tighten the money market, causing uni- versal panic among the brokers and specula- tors, and trembling nmong the operators not in the secret, As a matter of course, those in | possession of the necessary information prior to the action of the Secretary, who wildly | ents for the State of Texas. jumped in, would coin money hand ever band. The house of the Ketchums was among those favored under the Chase régime. There were also others on that list; and it soon began to be | known fishermen of this city, for three hundred do the rule of all those who were excluded from the magic secret to watch the movements of | J*ke.” and Joseph Bird, alias “Joe Flyfish,” ex-8 those firms. The moment that they were dis- covered pursuing any particular course, all the others would follow suit, in the same wild, | hg signal from the steamer, both threw their Ii harem-scarem and reckless manner. This in- fected nearly all the brokers, until finally the system, or want of system, among the larger portion—great and small. Thus the wild spirit of speculation spread and increased until a general recklessness was | were recalled to everywhere manifested, opening the way and leading directly to fraud as the natural and logical result. Out of this feature of favoritism grew the | nent member of Company I, Fourth regiment light importance of the Evening Exchange. Those | lery, New York State Militia, took place yesterday parties who had discovered, late in the after- noon, the movements of those firms supposed | to their deceased member, w to be in the secret of the Secretary of the Treasury, were anxious to make their opera- | yy College, South Orange, N. J., by Mr. Henry tions that day so as to be ready for the devel- performed ‘Will and opments which they believed to be certain to Bee met hg follow the next day. Hence they rushed to the up town board and made themselves hoarse with their screams ot stocks short and long. | copies of the charges filed at the Executive Thies mode of proceedure, inaugurated under | ment against Brennan, Boole and Develin wore sent Mr. Chase, assumed formidable proportions be- fore he retired from the Treasury, continued under the auspices of Mr. Fessen- den. But when Mr.MeCulloch took charge of | rondac region. that department he abolished all that system of | of next yoo. favoritism, and pursued a policy so plain and definite that the general public knew just what was coming at all times,and no banker or broker had the advantage over his neighbor by having special news from the Snancial offt- | v1) also be sent to the parties charged, so that cer of the government, But the reckless mo-ig of business in Wall street such @ deep hold that it became eamoat impos. sible for them to change. yr} result was, that those who had been 8UcCogsful by bold opera- tions under the ¢ o 4 tbe “Secretary of the Treasury. They at tempted to get up artificial changes ip tbe market by large sales and_- “purchases stocks and gold, and “soon found themselves in hot water. Somé of their number became the rule | while wetting te see the first fisn caught. Betting ra and was | vernor Fenton, however, left Albany on the foito bag ‘taken | {stm jot favoritism imagined | wife, arrived hero this morning, in the steamer No to accom. | erner. Thoy te quartered in the Congress Hall Cc carry them through. The sequel to this the public too plainly see in the developments in Wail street in the last ten days. Where it will end no person can tell, But if such uni- versal undermining of all sound financial) rules and regulations does not carry down a large portion of those engaged in it, then it will be @ miracle indeed. But there are lessons to be learned from these transactions, come though they may to many with sad realities, We have shown that the bitter fruits now being gathered by the Wall street financiers have all sprung from the seed sown under the system of manage- ment of the government finances by Secretary Chase. That system has been abrogated by Secretary McCulloch, and, as far as the government is concerned, is now conducted on a policy directly the reverse. Now let our bankers and merchants, who have any self-re- spect left, and désire to show to the world that the finances of Wall street are not conducted+ by a set of defrauders and maniacs, unite to- gether and put down the Evening Exchange— one of the creatures of the system of Treasury favoritism—and they will then have gained an important step towards assisting Sec: McCulloch in bringing our monetary f! back to a sound basis, This is their only hope and only salvation. Unless something of the kind is done the evil will increase until banks, bankers, brokers and merchants are involved in the maelstrom of disaster and ruin, i. THE MISSISSIPPI CONVENTION. Character of the Representa- tives Present. wee Resolutions for the Restoration of tho State to Its Constitutional Relations, &. &e., &e., Jacrson, Misa., August 15, 1865. Tho Mississippi Convention met on the 14th inst, The ablest and most talented State repres: 03 were pres ont. The following resolutions were offered and car ried :— eaolved, That the President appoint a comzittee of een to inquire into and report to this Convention suck ments in the constituiion of the t and expedient, to restore the State to its constitational rei sto the federal govern. ment, and pi ot its citizens: unst invasion and do- mestio i Resolv pointed to to that body such ac- tion as is proper to b lation to the act of se- cession adopted and approver ; ‘ vention of anes of This logislatio centive, lew m usttres that have been acted on aince the act of secession was passed. Jack-oy, Miss, August 16, 1865. The Mississippi Convention reassersbled to-day. ~-Rosolutiqns were offered to amend the constitution (30} ag.to-require thé Probate Judge of each county to act, by [ee ‘of bis offite, ay clerk of the county, the present] ctidd of trapsacting the duties appertaining to the clerk's ome*-baibg unsatisfactory. hosp ,resolutions were “*lertgd_ to the Committee on the Constitution, iS hecho Tyne Ceuventite. then adjoarcod pending she aitler 4 the committee appointed yesterday to revise the consti tution. ‘The Convention will reassemble to-morrow, when Committee on the Constitution will make their report, THE RIO GRANDE. Gen. Merritt's ¥xculpates Mejin from the Char, Assisting the Rebels—Defection of Cana les and His Son from the t-iberal Caw Travel on the Rio Grande Now Con sidered Safe, dc. Naw Onteans, August 16, 1865. The Matamoros Ranvhe of the 8th inst. understand was recently at Austin, Texas, and is now en route the Rio Grande ‘The rebel General Slaughter publishes a letter fully ex oulpating General Siejia and the imperial forces from charge of assisting the rebela, He says that not a rif entered the confederacy through tho imperial lines, ing offered some pieces of artillery he called on Gente Mejia to make arrangements to get them into Te: The latter replied unhesitatingly that he would active st-ps to maintain a strict neutrality; consequen the artillery was not purchased. Goods have advanced from fifty to ome hundred cent in Matamoros. The defection of General Canales and his son from liberal cause and the imprisonment of the latter by republican government is refuted. Travel on the Rio Grande is now considered safe. The troops of Cortina are not allowed to smug through Brownsville any longer arms and munitions war, jovernor Hamilton bas commenced making City Intelligence Noven Srontine Avvam.—A grand fishing mateh cn off yesterday at the Fishing Banks, between two aside, The contestants were J, Farewel, alias ‘Dut Quackenbush, of Passaic, N. J., acting as referee. men left the steamer Huguenot in small boats, and p ing off about thirty yards cast their anchors, and, upon the water and fishing. There was extra fifty dollars to go to the man who should caton tl first fish, and there was considerable interest manifest for awhile among the paasoners on board the steam gh during the interval, but Dutch Jake hauling a ie from the water put a stop to the betting on “fi Blood,” after which both men commenced to fish’ downright earnest. After fishing for two hours the m the steamer, where their boats wey hauled on deck, their fish counted in the presence of €H and “Butch Jake” proclaimed the winner 4 ‘twenty-five odds, he having caught one hundred and fi fish, and his opponent eighty. ‘Tae Fowmnat or Tuomas Rrax, for many years @ pro the armory of that corps. The entire company, h by » band, turned out to pay the last tribute of resp was buried in Green’ Oraaw ‘Exmemon.—The large organ built for 4 will be on this afternoon, at four o'clock, others, at the manufactory ’ Charges Against New City Ome Aupany, August 17, 1866, them for their answer on Monday, August 1. ing day on a visit to the Clinton State Prison, and thi to spend a short time recuperating his health in the Aq He is expected to Fetare the latter p Since the Governor left charges have been filed agat the Mayor, Comptroller, Orporation Counsel, City* spector and Regorder im relation to the street cledni Contract, ead sent to the Governor by special m who It here on last evening. Copies of these chi answer may be ready by the time tho Governor —— Movements of Secretary Seward. Care Wenann, August 17, 196 Secretary Seward, Attorney General Speed and ‘and Lieutenant Colonel Wilson, Medical Inspector, with Mr, Frederick W. Seward and family, S Gateakh of Mr. Frederick W. Seward hag vied mt improved during his stay here. “Sao The Ratiroad Accideng in Connectiew c+ @7 Nowmon, August 17, 18 No decision has as yet been rendered by tho Rail Commissioners who have been investigating the