The New York Herald Newspaper, January 27, 1866, Page 4

NEW YORK HERALD. JAMES GORDON BENNETT, e EDITOR AND PROPRIETOR, pos N. W. CORNER OF FULTON AND NASSAU STS. Broadway, near Broome Matinee at lig K ‘Clock. > groapwaY_ THEATRE, pireet.—SOLON SHINGLE, * LUCY RUSHTON'’S NEW YORK THEATRE. Nos. 728 a id 730 soe —Tas Day Arran tue Weppine—Tus Fanowaa oF W ‘ WOOD'S THEATRE, Broadway, Hotel.—Tax Wivow's Vicria—Pus MooDLEs. GEORGE CHRISTY’S MINSTRELS.—Tax Qun. Semoor er Munsrescsy, Bartaps, Musica Gams, £c.. the Pifti: im ‘Opers’ House Nos. Sand ¢ West Twoaty-fourt st. jatinee at Two o’Clock. yposite the St. Nicholas ANLON BROTHRRS—TaR + GAN FRANCISCO MINSTRELS, 585 Broadway, opposite jetropolitan Hotel. -Erwioriaw Sixarsa, Daxctxa, “&0.— ‘ APRICAINE BY THE GERMAN OPERA TRO! { bey 9 PASTOR'S ORR HOUSE, 201 Bowery. -—-Sixu- Daxomc, Bortesaues, @0.—Tux FRvatk Cusnes re Wasnimarox. ‘Matinee at ag ‘O'Clock. BRYANT: MINSTRELS, Meohamtes’ Hall, 472. Broad- ay. Dan Bavaxt's New Stour Srrecn—Nadeo Comicact- rey Bunusquna, dc.—Tuat's My Sistan. 4 JOADENY. OF MUS) lor tan Punuanmonic hooterr uw IRVING HALL, Irvit ce. Misa ZeLDd HaRRIsON’s MPinsr Geand cabana he { HOOLEY'’S OPERA HOUSE, Brooklyn.—Ermtortax Mix- fePancsT—Bariavs, BURLUSQUES AND PANTOMIMNS. | NEW YORE MUSEUM OF ANATOMY, 418 Broadway. « @pen from PM rving Place.—Taimy Coxcxar F eeeny es HALL, 806 Broadwi RAND AMATEUR Moyicat, Dramatic ax Tapteavx Vivant ieee “WITH SUPPLEMENT. New Yerk, damaaacst Jenun ry 27, 1866. THE REVOLUTION IN SPAIN. The progress of the great Spanish revolution, headed by General Prim, against the Cabinet, the throne and tynasty of Queen Isabella, is reported in our columns this morning to the last moment of advices from Europe. the vory latest despatch is dated in Madrid on the 1th of January, about midnight. It states that the Queen's army, marching in three columns, had com the insurgents to quit their position in the mountains, and and that they were endeavoring | to retreat into Portugal. permission to arraign General Prim; but we ure not informed that he had been arrested, Generals Milans de Bosch, Novilas and Contreras were allied with Prim, aud there is no doubt that they had an enthu- aastic support from a great force of the mililary, as well ‘a3 from the entire population of some of the provinces. ‘hese facts were made evident by the official alarm which existedin Madrid, martia! law haying been proclaimed, Pll political associations and clubs having been dissolved, ‘and oven the royal children being shut up in the palace. ‘The main strength of the revolt was to be found, previous to he latest despatch, at three points, viz: in the neigh- orhood of Madrid, in the west on the Portugucee fron- Wer, and in the east in the district lying between Toledo, * Valencia and tho Andalusien frontier. Prim romained ‘m the east, and even yot there ig no authoritative nows of his defeat, General Concha, who had been replaced by Marshal Serrano, arrived in Madrid on the 9th of January. In Barcelona the troops had been attacked by She populace and fred on the people in return, killing Bomeofthem. The most intelligent writers attribute the @xoiting causes of the movement to the wretched !mpover- ashmont of the Spanish people and the demoralization Produced all over the country by the intrigues of the politicians and clergy and the writings of a strictly party (prea, England and France were inclined to sympathize with the royal eeure; but the journale of both countries Mraw attention to the dangerous offecta of these serous Spasmodic military revolutions in the noighbering king- dom. Marsha! 0’Donnell will take his revenge on Prim whould he full into his hands. EUROPE. ‘Fhe Java, from Liverpool, January 13, via Quoonstown, Manuary 14; arrived at this port yesterday, with two days’ later news from Europe. The extracts from English papers which we publish Shis morning in our Supplement sheet show the strong @adeavors the London Times ia putting forih, by its prophecies of financial calamitios which the commercial community of the Onited States are charged with being engaged in bringing about, to create # feoling of enmity (owards this country among Englishmen. Its argumouts ‘ave replied to and rofuied by the other London journals end those of Liverpoo!. ‘The New York correspondent of one of the London “papers transmits to England a story of extensive Preparations being made iu this country to afford secret aid to the Chileang, 1t is anticipated that the capture of the Spanish war vosse! Covadonga by the Chileans will Nave am important bearing upon the revolutionary move meut in Spain. Some remarkabla rumors were given currency to with regard to the Feninus, Among other things it is asserted that Head Ceutre Stephens was on his way to Switzerland for some mysterious object; that an attempt oa the London Custom House was contemplated, and tustly, that General Meagher was to be made dictator of the [righ republic, and is to organize two expeditions- ‘one to seize Canada, the other to establish Maximilian on his tottering throne, thereby crippling Eagland and eoneiliating Napoleon at one and the same time, The trials at Dublin coutinued, and further arrests bad beeu wade. In the London money market on the 12th {nstant United States tive-twenties had advanced to 66. MEXICO. Ta the lettors of the Hxxatp correspondents in Browne qille and Brazos Santiago, Texas, and the city of Mexico, published this morning, is contained another exceedingly interesting collection of jean news, From the two rat named places we have a detailed account of the teoent capture from the imperialists of the town of Bag- dad, which has created much excitement and some alarm at a distance, but which in the immediate vicinity sppears to be regarded more asa farce than a war tragedy. The capturing party was compored of a misceliancour crowd of Mexicans, sutlers’ clerks, adventurers and (dlors, who appear to have engaged iu the affair as & good piece of sport, and, though it is believed that there were among the captors some United States soldiers, every one of them was present on the other side of the river to to his name at roll call on the noxt morning. It ome (hal (he capture was planned and executed with. out the knowledge of either General Escobedo, the Mex. feo-Amorican General Crawford or any other chief of great renown; but the Mexican republicans have bene. Gtted by the result, and at the datoof our .ast advices they held the town. Our city of Mexico correspondence records the extat- ‘ence among the imperialists in that capital of profound anxiety on account of the embarrassed condition of the tmporia! finances and the prospects of the empire gene rally. The demands for money to carry/on the government are great; but the treasury ie empty, and there are no available sources from which to replenish it Besides ail this, the French are becoming disgusted with the Mexican mervice, and there are strong indications of an eatly ebandonment of Maximilian by Louis Napoleon This view of the Mexican situation is strengthened by extracts which wo give from Paris correspondence of Garopean Journals, wherein it i# prophesied thet in bis epproaching speech from the throne Napoleon will @e- Clare his intention of withdrawing hie troops from Mexican territory. Tt ie also stated that at a recent Cabl- act counct! nearly all Lis ministors expressed themselves in favor of a speedy evacuation, CONGRESS. fa the Renate yesterday @ bill appropria'ing wwo hun- dred and thirty-one thousand dollars for the improve. ment of certain harbors of the State of Oh!o wae intro. duced and referred to the Committee on Commerce, Instructions wore given to the Committee on Finance to weport on the neceselty of requiring directors of national danke to give bonds, to the Committee on Pensions to imquire into the expediency of giving pensions to the widows of enlisted men employed as artifcers, and to ‘She Committee on Commerce to consider the propriety of erecting ® post office and custom house at Topeka, Kanaas, at an expense of one hundred thousand dollars, ‘The bills extending the time for withdrawal of goods from public storehoures, and allowing officers of the | bert The salt is brought by Thaddeus B. Curt, @ GUM 6 Es casts an ea | of an important charactor; but many of them were only Ministers had requested | WEW YORK HERALD, SATURDAY, JANUARY 27, 1866.—WITH & Leyton, stock brokers in Wall street, for alloged gate of socks below their real value, The case ia still on. A suit of the Ontario Bank, of Hamilton, Canada West, ‘against Augus McDonald and John D, Hensey, to recover the sum of four thousand dollara im gold, with interest, was before the United States District Court in Brooklyn yestorday. The amount, as alleged, was loaned by the bank to McDonald on a bill of exchange of a Now York firm. The draft, when presented to the firm in question, was dishonored, and payment was refused. By order of the Judge a verdict was rendered for the plaintiff. In the Court of General Sessions yesterday Michael Mackey, & notorious burglar, who was charged with rob- dery in the first degroe, was convicted of an assault aud battery. Judge Russel imposed the bighest penalty the law allowed, which was imprisonment in the Pentten- tiary for one year and the imposition of a fine of one hundred dollara. James Simpson, who violated the Registry law, was sent to the State Prison for one year. ‘There were.a number of prisoners charged with other offences disposed of. An accident occurred on the Erle Railroad about elght o'clock yesterday morning. Two cars ran off the track at Masthope, whereby one man by the roadside was killed and two others were injured. No one on the train was hurt, The accident is supposed to have 00- curred in consequence of the breaking of a rail. A novel and ingenious style of robbery was developed in Carmine street yesterday forenoon. A policeman on duty was accosted by another man in ful! police uniform, who stated that he had been specially detailed to arrest a counterfeiter in that vicinity, and would probably need assistance. Soon after a man with atin cash box passed aleng, was arrested by the strange policeman as the bogus note manufacturer alluded to and given in charge of the other officer to convey to the station house, the stranger at the samo time taking charge of the prisoner's box, which he said he would carry to Police Headquar- tera. Iv was discovered, however, on the arrival at the Station house of the Carmine street officer with his man that he had in his charge the porter of the Greenwich Savings Bank, who, when arrested, had been in the dis. chargo of his legitimate duty, and that the individual who had so kindly taken charge of the cash box, which contained three thousand dollars, was nothing less than ‘an impostor, who had devised thia ingenious plan to get possession of the money. The rogue has not yet been arrested. Governor Cummings, of Colorado, has addressed a letter to Senator Sumner, in which he states that the Logislature of that Territory in 1861 granted negroes the privilege of voting, but deprived them of it in 1664. The Governor strongly condemns the latter legislative act, and algo a Torritorial Iaw which (axes colored men for the support of public education, but excludes them from its benefit, and hopes that Congress, in the admission of Colorado as a State, will see that the rights of her negro population are guaranteed. Complaints still come from the interior of Louisiana of the refusal of the freedmen to labor. The smallpox has broken out among them, and they are leaving in large numbers for New Orleans and other places. The Vigilance Committee of Titusville, in the Pennsyl- vania oil regions, have disposed of the cases of a number of men arrested on suspicion of connection with the plot to destroy that town by fire on last Sunday night. In- stead of being hanged, as was anticipated, the suspected persons were merely banished, with the understanding that they must never return. The members of the com- mittee have published an address to the citizens, giving the names, homes, occupations and sentences of tho various alleged incendiaries, and stating that they aro determined to rid the town of all such characters and their congenial haunts, the gambling houses and dens of prostitution. The Town Council show an intention to co-operate with the committee, By onr Cape of Good Hope correspondence ofthe: 1th of Novomber last we areinformed of the arrival of tho Gagship Hartford aud steamer Wachusett, of the United Spates East India squadron, at Cape Towa, which ‘place they would ia a few days leave for Batavia and Hong Kong. Tho war between the native tribes and settiors in. the region adjacent to. Cape Town continued, with be. advantage rather in favor of. the latter, ‘The four murderers of Mr. Hoffernan—Berry, Knight, Crab and Lisaugh—were executed at Nashville yea lost by disaster at sea or in action with the enemy, were passed, The rosolution in favor of pro- viding provisional govermments for the States which en- gaged in the rebellion was then taken up, and Mr. Howe, republican, ef Wisconsin, spoke at length in its support, ‘He was replied to in opposition by Messra, Johnson and Saulsbury, and Mr, Stewart, of Nevada, also participated in the debate; but no vote om the subject was reached, During bis remarks Mr. Howe was interrupted by Mr. Conness, republican, of California, who moved a recon- sideration of the vote by which the Freodmen’s Bureau bill was passed on the previous day. After some discus- sion the motion waa yoled on, and the reconsideration was denied. The Dill to guarantee the sights of the freedmen was debated for a short time, when the Senate went into executive session, during which, among other, the nominations of Ale: pend Cummings ag Governor of Colorado and Thomas Meagher as Secretary of Montana were confirmed, and then adjourged till Mon- day. In the House of Representatives a numerously signed petition was presented in favor of an equalization of the bounties of volunteers, asking an increase of the pon- sions of disabled soldiers and soldiers’ widows and orphans, and reminding Congress of a sentiment freely expressed at one time in favor of confiscating rebel lands for the benefit of soldiers. Majority aud minority re- poris were presented from the Committee on Elections relative to the contest between Messrs. Coffroth and Koontz for the representation of the Sixteenth Penn- sylvania district, but the case was mot disposed of. The Military Committee were instrueted to report ou the ex- pediency of coustracting a military road, with military posts for the protection of emigrants from the western border of Mignesota to the gold fields of Idaho and Montana. The Waysand Means Committee were directed to inquire into the propriety of legislation to put astop to the practice of exporting merchandise from this coun try to the British provinces in order @ obtain a drawbaek of duties. The remainder of the session was consumed in a continuation of the debate on the proposed constitu- tional amevdment embraced in the resolution reported by the Reconstruction Committee, fixing a new basis of direct taxation and Congressional representation, several members speaking on each side of the question, It was agreed that a vote shall be taken on the adoption of the resolution on Tuesday next, The House will be in session to-day. THE LEGISLATURE. A large number of matters received attention in both Houses of the Legislature yesterday, some of which were this profit drawn? The people. profits arising from the banking business, Never were capitalists so fuvored by a govern- ment before. It is impossible that such an enormous tax upon the industry of the country can continue without the most serious consequences; for, after all, this sixty or seventy-five millions annually has to be drawn from the industry of the coun- try. But this will not be the only, or perhaps the least, evil. This national bank system will build up an oligarchy,a moneyed power, far more formidable than that of the old national bank which Jackson strangled. It will keep our finances inflated and disarranged, and in the end will bring upon us both financial and political trouble. The people ought to be- come enlightened as to its dangerous char- acter, and Congress ought at once to begin to apply a remedy elther by taxing those banks out of existence, as the old banks have been, or by some other equally efficacious measure. Instead of withdrawing the legal tenders to make way for the circulation of these enor- mous private companies the government should have the benefit of its own circulation. Con- gress has power under the constitution to coin money, and if it had power to issue legal tenders, or to issue notes to the national banks, it has power to make and establish a fixed cur- rency of its own. A bureau could be estab- lished at the seat of government, or in this metropolis, with exclusive control over the subject of national finances. It should have power, under proper provisions of law, to con- tract or expand operations according to the of private or local interest. In-the Senate the petition of the State enrolling officers for payment for services in enrolling tho militia in 1862 was presented, ag was also a communfeation from our City Comptroller, giving a statement of unexpended appropriations for 1865 and other years, Several bills were favorably reported from committees, among them those for the better pro- tection of seamen in this port, requiring aff favite and complaints in criminal cases to be filed, to amend the Revised Statutes in relation to limited partnerships, and incorporating the American Exploring and Mining Company. Among those noticed was one to impose atax on the passage by the Legisla- ture of private acts. Bills were introduced to make more stringent the act regarding frauds in assessments for improvements in this city and to give to the Metro- politan Police Commissioners the appotutment of elcc- tion inspéctors and canvassers in the city of Brookiyn. ‘The bill exempting the Seamen's Aid Society property from taxation was passed, That relating to contracts entered into by our city government, efier belag so amended as to provide that in case of vacancy in the office of the Recorder the Mayor shail act in bis stead, was ordered to ite Uhird reading, The Senate adjourned tll Monday evening. In the Assembly the Speaker presented the annual te- port of the Commissary General ef Ordnance, and announced tho Committee oa Apportionment of the Cenzus and the new Committees on Local General Orders, to take the place of the wsual Grinding Committees. ‘The Annual Appropriation bill was:reported from committee, Billa wore noticed to create a Board of Control in this city, and to repeal the act of 1666 regarding the Court of Special Sessions, Billa were tmtroduced to imeorporate the Mutual Gaslight Company of New York, and also to ® ize several new railroads in thia city, among th Brookiyn Ferry Railroad and the Broad- way Paralict and Cho Crosstown roads, Bills wer passed. appropriating (wonty-threc thousand dotlars to enable the Comptroller to discharge certain bonds payable on demand, ond authorizing a survey of the North river from tide water to Fort Bdward, with the object of con- structing a ship canal to connect with Lake Champlain. Our new Court House was again under consideration, and bad another extended airing. The resotution cal!- ing for a committee to investigate the alleged fraud and corruption in connection with ite Construction was taken up, and Mr, Lyon made a speech aaserting his beilef that the charges were weil founded. A resolution was also offered and laid over calling on our Supervisors for an imroediate report of all expenditures and other matters relating to said structure. MISCELLANEOUS. Steretary of the Interior Harlan was serenaded in | Waghington last night, and in response to the compli- met addreesed » large assemblage collected on the occa- soa. He spoke at some length relative to the over. shadowing question of the reconstruction of the States lately in rebellion, and expressed it as bis opinion, as well as that of the President, that the entire matter should be left to Congress. Ho believed that the froed. mén could not long be deprived of citizenship, and would rather “trust an ignorant Joyal man than a wise rebel."’ Becretary Seward arrived at Havana on Saturday Inst, on board the stea:nship De Soto, ‘The lower house of the Kentucky Logisiature on ‘Thursday last again rejected the antt-wdavery amendment ty the national constitution, and adopted a resolution da- Claring the action already taken by it on the matter foal Mr. Ferguson Blair, Mr. Brown's successor in the Ca- nadian Cabinet, in a speech which be made on Thursday, announced that intelligence had been received from Washington that our government would immediately exempt Canada from the operations of the Iately enacted Jaw of Congress prohibiting the importation of cattle, Notwithstanding the snow storm of the previous day the skating yesterday everywhere was excellent. There was a fair attendance on the Park lakes, and, as usual, ‘the Fifth avenve pond was thronged. There will bes grand gala time on the latter pond to-day. The sleigh- ing also was very good yesterday, and the turnouts of eleighs in all directions were oxtensive. An interesting rerwme of the internal revenue receipts for three years and three montha appears ia this morn- iog’s Henatp. It is shown that in 1865 the city con- tributed thirty-seven millions of dollars toward tho support of the gen government, exclusive of about ten millions paid for stamps, swelling the sum to about one-dfth the income from the same tax in the entire country. The steamer Meteor is still detained at her wharf in Brookiyao, upon the supposition of being # Chilean pri vateor, No search of the vessel bas yet been mae, tho United States Marshal in this city awaiting instructions from Washington before proceed: ., further im the matter, ‘The case of the alleged libel om 4 1. Stewart was to have been decided yesterday bY / cc Dowling at the Tombs Court; but the defends) (+ the case, Messrs. Mateoll and Mackellar, published i (ocir papor of this week « card tending to show wnat Mr Stewart was not the person alinded to ia the article om which the com- pleint was founded In view of this fact, Judge Hilton, counsel! for Mr. Stewart, notified Judge Dowling that he might regard the prosecution of tho matter withdrawn ‘The case of Porter versus Stover, which has beon lying over for s considersble time, came up before Judge Sutherland in the Supreme Court, ehambers, yesterday, om & motion of the plainul? to appoint e commission to etamine witnesses in Boston and Worcester, Massachu sette, as to the character of the defendant The full par. Houlara of thie case have already appeared in the Hanan. It will be recollected that Stover was confined ta Fort Lafayette, the plaintiff acting as his counsel during the inearceration. An action is now drought by the latter to recover several thousand doilars from the defendant on a promissory note, It is set up io amewer that this money eee fraudulently obtained. The motion to appoint « commission was denied, Aaketch of the alleged fraudulent Washington Terr!- tory emigration scheme, alluded to in yesterday's Han- av, in given in our lesue today, The affidavit of Mra Thorn charges that a large aumber of female emigrants wore defrauded of their passage money and valuables by the alleged agent of the New Bugiand Aid Company. The case will come up for examination before Judge McCunn ‘hie morning, An important suit for the recovery of damages, tnid at Aifty.two thousand dollars, was begun in the Supreme Court, cirow!t, Brooklyn, yesterday, before Judge Gt. trade. It could be made to operate something like the manner in which the Bank of England operates, only in a more extended and power- ful way, QurJegal tenders (and under this sy¢- tem we suppose there would be no other ne- pgp gpd. must be done soon to correct and establish our moneyed system upon ® sound basis or we shall be in danger of both financial and political troubles, The Anticipated Revaision t terday. Mr. R. P. Waring, editor of the Charfotte (N. ©.)/Times, who was tried by # mifitary commission at Rakigh for Publishing ead circulating disloyal and seditious ngs withio a district under martial law, bas b to pay a fine of three hundred dollars, or, in ure to pay auch fine, to be imprisoned at Fort Mason’ for & poriod of six months. Mr. Darcy McGee, the Canadian Minister of Agricul- ture, recently stigmatized tho Fenians as thieves and ssaasins. He delivered a public lecture in Montreal on Wednesday evening, and it was thought necessary to place a guard of armed policemen and detectives. There was but little activity in commercial ctrcles yea- terday ; but the advance in gold prevented any geuoral decline in prices. Petroloum was firmer. Cotton was dull, and nearly nominal, Groceries wors quiet. Om ‘Change flour was steady, with a fair domand Wheat waa nominally unchanged. Corn was a trifle easier. Pork was irregular, closing lower. Lard was Beaty. Whiskey waa steady. Tho tone ‘of the Boglish press intarates oon- siderable alarm on the subject of an anticipated finanotal revulsion in England, and the Times the danger of a collapse will come from the large credit exports to the United States, and the pauolty of returns in specie and equivalent merchandise, opinion in Eogland upon this point. Many commercial men, in communications addressed to the newspapers, assert that the remlitances from this country are very prompt, and that Our Financial Condition—How to Retern to Specie Payments, Tho difficulties which appear to aurround the question of national finance will prove more imaginary than real when we apply a little common sense to their solution. The greatest trouble ia that the aubjeot has become mysti- fied and complicated by the thousand nostrums of would-be financial doctors. It is an inviting theme, and every little banker or accountant takes it up and thinks his limited experience in local business enables him to treat it in a national point of view. This is a mistake, Neither such men nor the lawyers and politi- cians who have attémpted to solve the prob- lem ‘have succeeded. Their views generally are too contracted, or they indulge in theories that have no practical value. The consequonce is that, with boundless resources in the country to promptly meet our liabilitios, or to discharge them, and return to specie payments, we sre floundering about ins sea of uncertainty, and may end in « universal wreck. Tho original cause of our financial troubles was Mr. Chase. Being Secretary of the Tres- sury when the government required large sums of money to carry on the war, and not under- standing the subject of finance, he flooded the country with paper money and laid the found- ation of the national bank system. This lawyer Secretary of the Treasury was followed by @ politician from Maine, who know as little as his predecessor. Then came the present Secretary, a respettable baaker, who un- derstood Wall street operations, bank dis- counts and bank circulation, but seems to have got beyond his depth in the mazes of national faance. Hoe adopts the old theory of the bullionists, enunciating it, however, with many qualifying expressions, and bis practice, from necessity, ls contrary to his theory, As to Congress, judging from what we have seen of the capacity of that body, there appears to be @ lamentable lack of ability to treat this or any other great question in a etatesman- like manner. We have little hope that our Tepresentatives or officials, apart trom the Pre- sident, will take a broad common sense view of the matter unless pressed todo so by the people. The importance of the question can- not be overestimated either in ite immediate or remote bearings; and itis necessary that the press should take it up with esrntetnoss sad that the people should urge such measures ag the country requires, One of the first things to be done is to take steps to break up tho present system of na- tlonal banks. The principle on which they are founded is radically wrong. The credit of the government is being wed to the extent of four or five hundred millions for private benefit, or to enrich private companies, and neither the government nor the people recely- against the British exports There is ® good doal more in the threaten- ing aspect which financial affairs ia England have assumed than can be inforred from tho large exports to Amerios. Tho wealth of Eng- land has its mainstay in the coal and iron de- posita of that country, and the opinion has gained ground there for some time that the supply in those minerals was gotting rapidly exhausted. Investigations have been made by the geologisia, and the result is the conviction on tho-part of a good many that the coal and iron cannot last more than fifty or sixty years longer; some give their productive capacity a limit of s bundred years. When the coal and fron give out it is pretty evident that the British empire will give out too, and probably the long-headed portion of the commercial people of England foresee the short lease of its existence, and hence wo may account for the evident disposition to invest English capital in this country. They know that while the mineral products of Great Britain will only last for » hundred yesrs at most, the mineral wealth of this country will Inst for fifty thou- sand years; and they are in fact preparing for 8 contingency which, according to geologi- cal surveys, must occur within s centary, and capitalists are, therefore, looking that distance of time ahead. The labor, capital end manu- factures of Englend will be transferred to the United States before many years. Already, indeed, the initiative steps have boen taken in this direction. We are gradually drawing off skilled isbor from the manufacturing towns of England, snd English capital {s finding invest- ment in our railroads and mines, because capi- taliste have discovered that this is the most stable government ig the world, and the safest place in wiich to invest their means. The arguments of the London Times and other journals, while they are probably intended to weaken confidence in American securities and depreciate the credit of our merchants, logi- cally qustain this view of the subject and admit the stern facts upon which it is based. We may assume that the time is coming when the British empire—as represented by its capital, labor and manufactures—will be found to exist here, and aot on the other sie of the Atlantic. Hore Ut will not be scattered over many colo- nies in all parts of the globe, but will be con- contrated in one territory, embracing within ite limits all climates from the tropics to the and frigid sones, and commanding resources without limit, The financial revulsion of which England is now on the verge may create some temporary {ncoaventence in this country; but its results must ultimately operate favorably for us in the transfor of oapital and enterprise which is oor- taln to ensue, It is stated that private advices have been received here to the effeot that the London Tima has beon qubgidised, gr other: sods ha co Set Nog Yan | allowed to do business on government se- curities. Their issues are based on these se- curities, the government furnishing them with currency, or notes for ciroulation, nearly to the full amount deposited. The deposited securities, however, are active or productive capital as well as the notes issued upon them. Thus the national banks draw six or seven per cent from the government: as interest on the securities deposited, and make as much, or more than that, on the notes for circulation given to them by the government. In other words, the banks are making at least from twelve to fifteen per cent on their capital by the favor of the government, without reckon- ing the profits of their business in other re- spects, Now, who pays thist From whom is The circula- tion of these banks will reach, when distributed all over the country in required proportions, five hundred millions. From this the bankers will draw at leasta clear yearly income of sixty to seventy-five millions independent of other rate of exchange abroad and the balances of and other leading journals aro assuming that But there is difference of the heavy receipts of cotton ere a fair sot off “Qeople as before an avalanche. if the mene SUPPLEMENT, wise influenced, to depreciate Amorican invest- ments. We do not fully recognize snoh an object in its present tone; however, the nar- rowness of such a policy is very olear in view of the fact, which fs admitted, that there are no safer investments of capital to bé found than exist at present in this countey, and that such investments are being made very extensively. Ifa financial disaster ig about to fall upon Great Britain, which ap; in- evitable, we, therefore, do not anticipate that any serious damage to the United States will arise from it, Nee te eg with more specious, plausible words, whea their vote on this measure oan be brought up in damning evidence against them? Never. That record is made, and now thelr only salva- tion is to become identified with @ practical, earnest support of the President by s union of the two factions that shall completely put the radicals down. The Insurrection in Spain. We publish this morning further and in- teresting details respecting the recent out. breaks in Spain. These occurrences are preg- nant with important consequences, both to this country and Europe. In 1848 the grand revolution that resulted in the empire of Napoleon the Third began at points distant from Paris, The war in Hun- guary, the revolt in Belgium, the disturbances in Bavaria, Baden, in all the small. German States, the émeutes in Berlin, Vienna and ia other large cities of Austria and Prussia—the two great German Powers—were only the small eruptions that preceded the final great voloanic explosion in Paris. Louis Philippe, scarcely composed under the turbulent scence that surrounded him ata distance, fled pre- cipitately when the roar of the uprising of multitudes penetrated the walls of his capital, and his palace was doomed. The events that followed, the provisional government, the re public, the coup d’état, the empire, are familias to our readers. i What do wo see in those uprisings in Spaint They commenced as tho revolution of 1846 did—not in the capitals, but at remote points; not in Madrid, but—saving. a small garrison within twelve miles of the eity—at such dis tant points as Barcelona, Saragossa, Vallado- lid, Zamora, Badajos, Malaga, forming, as it were, a complete but extended ofrole around the capital of Spain, with tho lines, if we may so infer from latest accounts, drawing closer and closer to the chiof city. What will be the ond? Isthore nothing threat- ening to the throne of Napoleon himself from these portentous events in Spaint How stands his Corps Legislatif at this day? How will it stand a yearhencet Who will dare risk his reputation for propheoy by foretelling what that Corps will be in 1869 How far can be trust the fidelity of the Parisians? Are there not thunderbolts hovering around his imporiad crowa at this moment? To avoid the impending orisig Napoleon's policy is to remove, as far as possible, all causes for domestio or foreign irritation, He can not only allay tho ill feeling the people of the United States entertain toward bim by his ill- omened introduotion of imperialism in Mexioe, but can also awaken a sentiment of sympathy. in his behalf:among.our-people by the imme- diate withdrawal of-hia troops from Mexice, ‘Maximilian to Feave, with Reeonstruction Easily Settled—-The Power in Congress. Parties in Congress are now very distinctly divided into three factions—the conservative or moderate republicans, the radicals and the democrats; and every one of these factions is committed by the unquestionable evidence of its votes in favor of unconditional negro suffrage. Even Brooks, crammed full to the throat with noisy democracy, went side by side with Stevens, the great whipper in, and while he boasted his preference for. white women cast his vote the other wayand helped the radicals to carry their measure. Brooks and the forty other democrats and the eleven border State republicans went over to the tadical camp and enabled Stevens to defeat the proposal to make negro suffrage conditional on education. That proposal came from the moderate republicans; was the only chance against the radicals, and the democrats fight- ing in the radical line defeated it. The moderate republicans, seeing that,proposal lost, lost heart, and, intimidated by the sound of Stevens’ whip, felt their litile courage ooze away, and suffered themselves to slide meekly in with the current. And thus Brooks, Ray- mond and all went together with the bold and adroit Stevens—whipped in, frightened in or fooled in. But despite this fact, that all factions are thus by votes committed to negro suffrage, there is in Congress a clear majority against that radical measure and in support of the wise, proper and constitutional plan of reconstruction began and thus far carried out by the President. The radical triumph on negro suffrage was secured by the adroitness of Stevens acting on the simplicity and fears of feebler and less crafty members. Undoubtedly there is a majority for the President in Congress. All the parties over the country when before the people vied with one another in their endorsements of the Presi- dent’s policy, and their triumphs were secured exactly in proportion as the people believed or not their protestations to sustain that policy. Wherever the people believed that such pro- testations were insincere and adopted merely as party ruses, they, unhesitatingly kicked. that | party into limbe. Thus there is a definite pojut of contact between all the elements in that are opposed to the savage war- fare of the, radicals. All those elements owe shelr election toe common sentiment wad pur pose on the part'of the people—the sentiment of sympathy with the President and appreci@ tion of his efforis, and the purpose to elect men who would assist him in the re-cstablish- ment of national order and harmony. In this point of view all the men party. There are one votes in the House, end. have seventy-nine.. There are, then, against the radicals one hundred and five votes, or a clear majority of twenty-six. Thus it fa evident that they cannot carry any measure except by the consent of their oppo- nents—except by the consent of men distinctly elected to support the policy of the President. Why is it, then, that they are not summarily voted down at every attempt to assert their pernicious principles? It is because there is more party than patriotism. It Is because patriotism—all consideration and thought of what is due to the country—is made secondary and subservient to'what ig thought to be due to party. It is because divisions of men are kept asunder by party names; because they are deluded by the pursuit of shadows, and so heed not, and even turn away from, the serious duties with which they have been intrusted by the country. Just as Atalanta lost the race by tarning aside to pick up the golden apples that wore thrown to cheat and delay her, so do the democrats and moderate republicans, trifling over the bauble of party names and held asun- der by nonsensical distinctions, imperil and sacrifice the cause they were sent to serve, All these men must come together, They must unite against the common enemy. They must join hands to sustain the cause of the country, union, freedom and justice against a more vindictive, unscrupulous, and far less honorable foe than lately menaced us in the Southern armies. The so-called democrats must open their eyes and recognize that it is only by scting with the moderate republicans that they can hope to secure even a recogni- tion of the humanity of the Southern people. It ts only by giving up their small party differ- ences that they can obtain justice for those whose peculiar friends they pretend to be; and we might suppose that to secure so grands treasure men could easily relinquish an empty word—a party name that lost its power and significance years ago. On the other hand, the moderate republicans must understand that it is only by acting with the democrats that they can get strength to stand upon against the radical fury. In the strength that alliance with the democrats will give, and nowhere else, they can find courage to listen calmly to the crack of Stevens’ whip, and to laugh to ‘scorn bis sneers and taanta, Will they do this? Will the two factions unite to put down the third, which is the enemy of both; to carry on the great business of re- construction; to admit at once the Southern members that can take the oath, and so put the country on ite feet at once. If they will not, then they may expect to go into the most hopeless political perdition thet ever swal- lowed ap aspirants for popular honors. All the mon from this city were elected on plat- forme to sastain the President, and are now, by their vetes, arrayed against him. If they do not change that record In the broadest, boldest way they will go down before the the bruised spirits of our fellow countrymen fa tion having put down one gigantic rebellion, the radicals in Congress are endeavoring te incite a civil war of the most horrid kind—s war of caste. But upon the firmness of the Executive the country may rely for seourity, not only for itself, but for the maintenance of those principles for which the government waa established, and in response to which.we sow hear a weloome echo from the sunny fields of Spain, A Nice Recorp.—Moessrs. Brooks, Raymond, Jones, Chanler, Darling and Taylor, the Con- gressmen from this city, have all voted, di- reotly or indirectly, for negro suffrage. They are on the record. What will their constita- ents say to thom a: the next Congressions! election? Conorrssiox at Consistencr—Getting elocted upon pledges to sustain President Johnson and then voting to sustain Thad. Stevens. Pracricat Miscromwatons.—Mesers. Raymond and Brooks declare in thelr speeches that they are in favor of white women, and we have no doubt of it. But their votes in Congress on the suffrage bill show that they are also ia favor of black men, thus proving them to be this afternoon, a@ will be seen by reference to the adver. {ising columns of the Hararn, The third Soloe Shingle Matinee will commence, at the Broadway theatre, at baif- past one o'clock. It ie sufficient to announce thet Mr. John B. Owens will play Uncle Solon. Tony Pantor gives hia usual matinee, at the usual hour, in bis Opera House in the Bowery, The Fomale Clerks of Washington, o# Karly's Last Raid, is on tho boards of this peat establish tho different railroade Gre for negro suffrage passes the Senate the President may voto it. We do not know that he will, but it is possible. If he does, the issue will then be distinotly made with the Presi- dent on one aide, and all the men chosen to sustain him arrayed with the redicals on the other. Woe to those men when that day comes, Will Raymond, Brooks, Chanier, Jones and the reat aver dare to @o bofore thelr eonatitnents: and Messrs. Castio, Campbell and Seguin, and Johia Prume, the eminont violinist. The programme inciudeg selections from Rosain!, Verdi, Meyerbeer, Wallace and Balle ~ CONCERT AT DODWORTH matt. Club will sing. The entertainment is gotYp for the benefit of Mr. Geerge W. Ome, SemPED Ge tne tion for the Attend