The New York Herald Newspaper, January 29, 1866, Page 4

4 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROP ‘OR. OFFICE N. W. CORNER OF FULTON AND NASSAU STS. TERMS cash ip advance. Money sent by maul will be ‘ai the risk ofthe sender. 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. THE WEEKLY HERALD, every Saturday, at Five Annual subscription price:— Hab cust iaheen vente ss e>canae $2 cents per copy. One Copy... Three Copies. bas Five Copies 8 Ten Copies... 15 Postage five cents per copy for three months. Any larger number addressed to names of subscribers $1 50 each. An oxtra copy will be sent to every club often. Twenty copies to one address, one year, $25, and any larger number at same price, An extragopy will be sent to clubs of twenty, Theve rates make (he Wrexry Heranp the cheapest publication in the coun'ry. The Evrorran Eprtion, every Wednesday, at Six cents per copy, $4 per annum to any part of Great Britain, or $6 to any part of the Continent, both to includ» postage. The Caurorsta Epivios, on the Ist, 1th and 2lst of each month, at Six cents per copy, or $3 per annum, AvvenniskMests, toa limited number, will be inserted mthe Weexty Heratp, the European and California Editions. VOLUNTARY CORRESPONDENCE, containing im- portant news, solicited from any quarter of the world; if used, will be liberally paid for. gg- Ovr Foreign Cor RESPONDENTS ARE PARTICULARLY REQUESTED TO SEAL ALL LETTERS AND PACKAGES SENT US. NO NOTICE taken of anonymous correspondence. We do not return rejected communi ions. Volume PROADWAY THEATRE, street. -Sowon SUINGLE. Broadway, near Broome LUCY RUSHTO:! and 73) Broadwa 4np Me AND THE EW YORK THEATRE. Nos, 723 ne Back Dowixo—Derween You WOOD'S THEATRE, Broadway, opposite the St. Nicholas Hotel—A Monet ov a Wirr—Giaxce at New York—lnisn 1GER, GEORGE CHRISTY'3 MI or Minstrensy, Bantap: Aveuue Opera’ House, AL Gems, tthe and 4 West Twenty-fourth st. BAN FRANC RELS, 5% Broadway, oy site Metropolitan AN ‘SINGING, DaNtg eee Tax Purina Th TONY PASTOR'S OPERA HOUSE, 201 Bower ING, Danctna, Buncxsques, &c.—Tue Fexaue © uN Wasninaton. BRYANTS' MINSTRELS, Mechamtow Hhll, 472 Browd- way.—Dan Bavant’s New Stootr 51 Nudao Comtcatt- mux, Buucxsqurs, &c.—Tux Hor or PASuion. HOOLEY'S OPERA HOUSE, Brooklyn. —Eravoriay Mix- STRELSY—BAtLADs, BURLKSQUES AND PANTOMINES. NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— Open from 10 A. P.M New York, Monday, January 29, 1866. NEWSPAPER CIRCULATION. Receipts of Sac: the eae: York Daily Newspapers. OFFICIAL. Year Ending Name of Paper May 1, 1865. Heravp. | - $1,095,000 ‘Times. . 368,150 Tribune. 252,000 Evening Post... . 169,427 World. . 100,000 151,079 90,548 New Yor Herat. 095,000 Times, Tribune, World aud Sun combin 871,229 ADVERTISEMENTS FOR THE COUNTRY. Advertisements for the Weexty Herat must be handed in before ten o'clock every Wednesday evening. Its cir. culation among the enterprising mechanics, farmers, merchants, manufacturers and gentlemen throughout the country is increasing very rapidly. Advertisements in serted in the Wrskiy Hxnatp will thus be seen by a large portion of the active and energetic people of the United States. The Prosident Johnson yerterday, substance of some important remarks made by in conversation with a The Prosi dent deprecated the present mania for constitutional Senator, is given in our Washington mows. amendments asa species of tinkering Mable to lead to many evils, and especially to leasen the reverence of Americans for that instrument. But if,there must be any amendment, of which he did not see the necessity, to settle the representation and taxn- tion questions, the best he kriéw of would be ono making the entire number of voters the representative basie and the total value of property the basis of direct taxation. This would not interfere with the right of each State to determine the qualifications of ite voters, while at the same time it would tend to dis. pose of the negro suifrago difficulty by making it the intereat of the South to grant the elective franchiae to the freedmon, ‘The District of Columbia negro suffrage bill he regarded as very U-timed, and calculated to stir up hatred and strife between the two races, with great injury to boil. The projected axtombling in Washington during the present week of Generals Sherman, Thomas, Meade and Sheridan, which we have heretofore announced, iv caus ing numerous surmnises there as to the object his im. portant meeting, The most probable solution tory is that they have been summoned by the to give him a true statement of affairs in their seve ral military divisions, in view of Congressional proceed- ings relative to reconstruction. Yesterday, contrary to the rule which the Weather Clerk observed during the previous part of the month, of giving us a sudden dispensation of severely cold | weather on each Sunday, there was no manifestation of this freakish disposition on the part of that worthy Though the temperatare was cool, It was not extremely #0, and there was no marked change from the preceding day. Throughout the day the sky was obscured by clouds, and during the night there was a very trifling fall of snow. There was excellent skating on the Park lakes yoster. day, and they were thronged by on immense number of visitors. The greatest enthusiasm coutequently pre- vated onghe ice, Other ponds in the environs of the city wore also largely attended. This week promises to be one fraught with great enjoyment to skaters, as great attractions are announced at all their favorite ploces of resort. ‘The re‘arn of President Juarez, of Mexico, to Fl Paso, Rio Grande, on the 18th of December, from ua, In Consequence of the advance ov the latter an imperial foree, bas already been recorde the Henan, He etill remained at El Paso, unntolested, with hie Cabinet ministers, on the 30th ult., a8 we are in- formed by our Mesilla correspondence and official advices received ia Washington. The imperialists followed him to within forty miles of that place, but turned back on Joarn'ng that he was well prepared to resist them. The President had @ sulicicnt supply of camaon to defend the fown in case of an aliack, but was deficient in men to work them, aud was desirvus of securing for the purpose the services of Amcricans from the opposite side of the river, " ed would have given him *s Yo nyptvre nges reamired it NEW YORK HERALD, MONDAY, JANUARY 29, 1866. | transiations of recent letters of General Kscobedo, which give some idea of his plan of campaign and the causes of his failure to capture Matamoros. He proposes continuing operations in the northeast, on the Rio Grande border, in the States of New Leon, Tamaulipas and San Luis Potosi, and says that Matamoros would have fallen into his hands at the time of his late siege of that place but that his arrangements were disclosed to the imperial commander, Mejia, by spies. He states that he is in- debted to Americans on the Texas side of the river for military stores of value, and that ‘the few shells I was able to secure while the trains were passing from Linares came from Brownsville’? through the exertions of Cortina, who is pronounced to be well informed as to what citi- zens of the United States are disposed to assist the repub- lican cause. A more agreeable picture of affairs in South Carolina than we have usually been favored with of late is pre- sented in our Charleston correspondence to the 26th inst., brought by the steamship Moneka, which arrived here yesterday. The negroes generally are industriously at work on the plantations, and their disposition and conduct are spoken of in very favorable terms. The planters aro said to be exhibiting a conciliatory spirit towards the freedmen, paying them good wages, and dis- posed ‘0 throw no obstacles in the way of their educa- tion, for which numerous schools, under the protection of the Freedmen’s Bureau, have been established. Gen- eral Scott, General Saxton’s successor as Assistant Com- missioner of the Bureau for the State, has arrived in Charleston, and a wise and successful administration of affairs by him is anticipated. All the circumstances being so prop'tions, a large cotton crop in the coming year is confidently expected. There were no dis- turbances among the negroes during the holidays. Some excitement had arisen in consequence of the issue by General Sickles, in accortlance, as understood, with instructions from Washington, of an order reminding the South Carolinians that they are still under martial law, arranging relations between the whites and blacks, and announcing equality before the law of the two races, Additional particulars regarding the revolution in Spain are given in our present issue. It is shown that the out- break is pot, as many have supposed, solely a personal contest between Prim and O'Donnell for the control of the government, but that it has been caused by deep- seated grievances and oppressions of the people, and that it is not confined to one particular class or one section of the country, but that citizens as well a: high degree as well as the humble, in various and widely Separated localities, have espoused the movement with energy and enthusiasm, and obstacles which surround and impede its path to. wards complete unification, is furnished by our Florence correspondent. In his opinion the danger is to be found in too much politics and too many politicians; the safety of the people and nation is in the army, where are either uncared for or not permitted to mtrude. ral engagements had taken place in tho Papal terri Se tory between bands of br gands and soldiers of the pon- tfi-al and Italian armies. The brigands were defeated, and some of their more notorious leaders were arrested. They allege that they cannot be punished, as they will publish their brevets of commission from the ex-King of Naples, dated in Rome, with a correspondence which they maintained with the leading Cardinals of the Pope's Cabinet. Austria was showing some symptoms of activity in Venetia, General Bene- dick had taken command of the Austrian troops in Italy, having his headquarters in Verona. He addressed his officers in a short speech, in which he alluded to the probable early occurrence of events of much magnitude. Our correspondents letter contains an interesting. résumé of the latest news from the chief cities of Italy. Late Paris correspondence, as will be seen by the ex- tracts which we give from our foreign files, announce the prevalence of apprehensions of a financial- crisis in Francé during the present year, as well as in England, and the large investments of French capital in the gov- erament securities of other countries are ominously pointed to. The loans to Maximilian, to Austria, to Spain, to Italy and to Turkey are instanced, and it is shown that these as well as various domestic stocks have considerably fatlen in value during the last year, Havana advices record the return to that city of Com- mandant Herrera ‘frem his voyage of inspection in the ports of Cuba. At Manzanilla and Cienfuegos prepara- tions had been mado for giving him grand receptions; bat, on learning of the suicide of Admiral Pareja, he de- clined the intended honors. ‘ In our correspondence from Sidney and King George's Sound, published this morning, much valuable informa. tion is given regarding the history, condition and re- sources of Australia and the business prospority and ad- vantageons location of some of its princtpal’ cities, Besides its immonso fields of gold, Australia conta’ minoral deposits of various kiads, of much val great extent, and in the development of those as wel in the commorcial affairs of the country our correspond- ent found the United States largely represented, Some American gentlemen have secured a large coal tract in the vicinity of Sidney, and commenced operations, with the intention of using the product of their mines ptincipally for the manufacture of oi!, Not- withstanding the great progress of various kinds of enterprise, railroad building is somewhat neglected, there not beihg quite five hundred miles altogether in operation throughout the whole extent of the country. Of telegraphs there are ten thousand miles constructed and projected. The aboriginal race is fast disappearing under the influences of civilization, and bas nearly be- come extinct in the sections settled by the Anglo- Saxons. Acgounts of the progress of operations in the coustruc- tion of the Rusao-American telegraph, via Behring Straits, have from (ime to time appeared in our columns, and th's morning we give the report of Colonel Bulkley, the Engineer-in-Chicf of this great enterprise, containing a most interesting detailed report of the work of con- struction up to the 18th of last month, The line is well advanced on both the American and Asiatic sides of the Pacific Ocean, and soundings which have been made in the Straits show excellent bottom on which to lay the submarine cable, Russian officials are giving every pos- sible assistance, and the Colonel is sanguine ot the early completion of telegraphic communication by this route between New York aud all important points in Europe and Asia The shipbuilding business of New York was, at the clood of the war, brought nearly to a dead lock ; but it is now re- covering from the stagnation that followed that memor- able epoch, and there are good prospects that before a great while it will be more flourishing than ever, In another column will be found an account of the work now doing at the various shipyards of thia city, together with some very interesting information regarding the unprecedented increase in the number of our ocean steamers. It is a fact worthy of mention that, among all the vessels now building here, there is not a single sail ing one to be found. Our growing trade with China and Japan has induced the Pacific Mail Sweamship Com. pany to contract for the building of two mam. moth steamships, which are to ply between those countries and San Francisco. The veasels are to be pre- cisoly alike in every particular as regards size, appoint. ments, accommodations for passengers, &e., and will have cost, when ready for sea, upwards of one million of Collars each. It is said that these steamers will be the largest wooden merchantmen ever built in this country, being nearly six hundred tons larger than the steamship | Adriatic. They are to be first class vessels in all respects, and will be about (ve thousand tons burden, carpenter's teosurement. : The Great United Service Petroleum Company litigation has at Iast been disposed of, Colonel W. D. Mann, the de- fendant in the suit, having been discharged and the case diemissed on last Saturday by Justice Dodge, before whom the proceedings were commenced some time in June last. Acoroner’s inquest bes been held: at Ward's Island relative to another death from alleged ill-treatment and neglect on shipboard. The deceased, Christian Ander. son, a native of Sweden, was a sailor on the ship John Bright, and when that vessel arrived in this port he was suffering from ship fever and badly frost bitten feet. He was immediately transferred to Ward's Island, where he died a few hours after, and the testimony indicated that | death was produced by exposure and entire disregard of | the sufferor’s condition both on the ship and the boat | which carried him thence to the island. The jury in | their verdict censured thé Quarantine authorities in con- bection with the matter, An adjourned meeting of the convention of Irish eo- cietios of Brooklyn, to make arrangements for cele- brating next St. Patrick's Day, was held yesterday after. hoon st No. 168 Pulton street, A grand marshal and Aids were elected, and several committees were ap- pointed, to complete arrangements for the celebration. Two young men, giving their aames as Thomas Lovett and James Phair, were arrested in the Eastern District of ! Brookiyn yesterday, on the soldiers, those of | | and statesman who now occupies the Chief Ma- A most comprehensive survey of the present condition | of the kingdom of Italy, with a statement of the dangers | COU'age every true American. bad bills. In their possession were found ones of tho. defunct Commercial Bank of Perth Amboy, counterfeit tens on the State Bank of Newark, and altered fives on the Farmers’ Bank of New Jersey, at Mount Holly. The carnival festivities continue among our German population in various cities of the country, and are con- ducted with particular spirit in the metropolis, Last night there were exercises of an appropriate and joyous character at several places in the city, of which we fur- nish reports, a8 well as of similar proceedings in distant localities. A fire occurred at 686 Broadway about seven o’clock Jat evening, but was extinguished after doing trifling damage. When the steamship Leo, which arrived here yester- day from Favannah, was off Cape Hatteras on Saturday last, a fire was discovered among her cotton, of which she had a large cargo on board, and at first threatened terrible results; but by great exertions it was extinguish- ed in a few hours, after damage to the amount of about one thousand dollars had been done. A destructive fire occurred at an early hour yesterday morning at Seton Hall College, situated at South Orange, New Jersey, which resulted in the entire destruction of the main portion of the college and the beautiful marble building which has been used for the purpose of a semi- nary. Fortunately no lives were lost; the valuable li- braries contained in the building and almost all the arti- cles of more than ordinary value were saved, The build- ing was insured for about twenty thousand dollars, The President d the Old Political artie: The response of President Johnson to the delegation of democratic politicians from Penn- sylvania who called at the White House a fow days ago has the ring of the true metal, which distinguishes at once the statesman from the mere trading politician. In reply to their pro- fessions of endorsement and support of his ad- ministration the Pres‘dent said:—“If you come to me as patriots, I feel I may count on the sup- port you offer; but if as partisans only, itis more doubtful, as [ shall not swerve from my sense of duty for party men or party objecis.” This is a noble utterance, worthy of the patriot gistrate’s chairof this great republic, They are words that will cheer the hearis of and en- To making that assertion President Johnson touched a chord in the hearts of his countrymen that will return to him a cordial response from the remotest cor- ner of our land. We trust that upon this he will stand, and that upon “this line he will fight it out if it takes his entire term.” All who have carefully watched and seru- linized the course of Andrew Johnson since he assumed the duties of the Executive of the na- tion must have long since realized that he was guided solely by a sense of duty. From the very commencement of bis administration bis pub- lie acts, decisions and proclamations have all clearly indicated that the interest of the country, and not party, prompted bis course. To such this brief speech on Saturday was use- less, and contained nothing new. It is well, however, that it was made; for the most obtuse cannot now fail to comprehend the situation, There is no longer room for doubt, Taking this statoment, then, as the key to his position, the acknowledged and proclaimed chart of the policy of bis administration, his duty in the present emergency is plain and wu- mistakable. Standing shove the politient partics, aud recogn’ziny no party but that of the great mass of the American people, he bas it in bis power to so shape evenis that all op- position will only brisg defeat and grief to those who attempt it. But he must also bear in mind that the cunning and artful party leaders, both in and out of Congress, will not be deterred by this speech from their efforts to force him into their party meshes, They will resort to all manner of shifts and quiibles to divert him from his course and make him a tool in thelr bands. By none will this effort be made ‘more strongly than }y the radical disorganizers in Congress. While he cannot, in the light of the events of history, plant him- self in the ranks of a party which rendered but doubtful sapport to the administration during the war without certain defeat, he must look well to the action of the extreme men in Con- gress, or they will so tie his hands that his only alternative will be to follow their lead and do their bidding or to place himself at the merey of the old democratic party. It is bere that the great danger which now threatens his adminis- tration lies. This is the rock upon which he will drift unless he prompily and boldly aises the means at his disposal. The history of all uations, from time immemorial, establishes the fact that the party which fails to render the government cordial support during a war, either internal or foreign, can never again secure the confidence of the people except through some extraordinary folly of the war party. This fact Mr. Johnson evidently fully realizes; hence his response to the Pennsyl- vania democratic delegation. The greai re- sults accomplished by our late war, and the position in which it bas placed us in the eyes of the nations of the world, will make this truth more effective in this country than ever before known fn any nation. The very fact that this will be one of the resulia of our late struggle for existence renders the duties of President Johnson more imperative, and calls from him determined, bold and positive deeds. There is in Congress a sirong and desperate faction, under the control of adroit leaders, who will leave no stone unturned in their efforts to encompass the defeat of his policy and render his administration powerless for good or evil, unless he follows their bidding. We have heretofore shown that the object of this faction, under the lead of Stevens, is to postpone definite action, and in ihe meantime gather together scraps of one-sided informa- tion, excluding all evidence on the side of the President, and at the proper time promul- gate this to the world under the official sane- tion of the committee. This faction, as it now stands, does not embrace more than one-third of either House of Congress. But under their system of tactics, with ald and comfort from members of the President’s Cabinet, they have succeeded thus far in carrying all their points in the lower hofixe, They are gradually un- dermining the President, and unieas be gives the conservative portion of Congress some as- surances of support by decisive deeds, and thus strengthens their hands, he will soon be forced to a dircet choice between following the lead of the radicals or that of the democrats. When once placed in this position he will be unable to maintain his proud and noble place above all parties; but, by the force of necessity, he will be compelled to adapt his course to one or the other. In the vote of the fifty-three re- publicans for qualified suffrage in the District of Columbia the President is furnished with a plain solution of the difficulties which uow awalt him. In this vote he will find the ma- terial to avert the danger which threatens his administration. Unless Mr. Johnson selzes this opportunity, and acts upon it? without delay. the power that he now holds and can wield will pass forever from his hands. Inasmuch as the radicals in Congress are determined not to allow him a voice in their schemes until they have so fortified their position as to make their success certain in spite of the President, Andrew Johnson has no other course left than the removal of all those men from his Cabinet who are directly or indirectly in complicity with that faction. This is no time for hesita- tion or doubt. Silence and inaction on the part of the Executive are all the radicals in Congress want. If the promises and professions of such men as Stanton induce the President to delay action, let him remember the fate of McClellan, who listened to and relied upon those same promises in his behalf, This Cabi- net is not his own, and the people will sustain him in removing one or all. Let him, then, remove the leading conspirator, and he will find the clouds which now threaten his admin- istration disappearing as the mist before the morning sun. The conservative portion of Congress will take courage, and, with the assurance of the support of the President, backed by the people, the policy of his admin- istration will be endorsed by even this Con- gress, confidence will be restored, the Union men North and South be able to maintain their position, and disunionism, whether from seces- sionists in the South or radical Jacobins in Congress and at the North, will receive its final quietus. Lynch Law in the Oll Regions. Accounts from Titusville, Pa., report the ex- istence of considerable excitement there, arising from several simultaneous attempts to burn the place. A vigilance committee was formed, and matters looked as if extreme measures would have to be resorted to before quiet could be resiored—the banging of the incendiaries being among the remedies proposed. Titusviile, although comparatively a new place, is a prosperous borough of some ten thousand inhabitanis. Being the centre or hub of the great oil region of Western Pennsylvania, it has during the oil excitement been a resort for many adventurers of different classes, in. cluding unprincipled speculators, gamblers, highwaymen, horse thieves, and all those aban- doned creatures who rush to places where sud- denly acquired wealth makes people profligate. It was the same with California in its carly days. It was so with the rich mining regions of Nevada, Idaho, Colorado and other gold and silver producing countries, including Australia. Many thousands of people flocked to those re- gions under the glittering infatuation that they would quickly realize fortunes; but they were doomed to disappointment. Then followed despondency, then recklessness, then drunken- ness, all ending in crime. This class of people joined their fortunes with those naturally de- praved and only survived in an atmosphere of villany. United they became a powbrful band of marauders, They robbed, burned, murder- ed. and destroyed as they liked. The arm of the law was not sufficiently powerful to protect the honest citizen, miner or trader; hence the latter had to provide for self-protection. They formed what they called vigilance committees, and summary and condign was the punishment inflicted upon the assassins and plunderers, Maay were hanged without mercy, and others were banished the country, never to return under penalty ofdeath. It must be reme.bered that these scenes occurred in an entirely new coun- try, where laws were almost uaknown, or, if known, generally anbeeded. Therefore, if vigilance committees or any other unlawful assumption of the civil power could ever be justified, California and other new gold coun- tries might possibly furnish examples. Bat how is it with the oil regions of Penn- sylvanin? No doubt a vast amount of money has found its way there, as high a sum as fifty millions of dollars, it is said, having been re- ceived in Venango county alone du:ing the oil excitement a year ago. It is equally probable that a large amount of the same money has found its way from there, and been expended in ex!ravagance and high living in large cities, But considering the large amount of money suddenly thrown upon a hitherto humble, if not impoverished, community, it is a wonder, not that the people now think themselves obliged io take the law into their own hands against marauders, but that they have not thought so before, Yet they cannot furnish the excuse for this exercise of extra-judicial authority that the remote Californians did during their early domestic troubles. Titusville is in constant telegraphic communication with the capital of the State and with the county seal If it were necessary to summon assistance from the Sheriff of the county or from the Governor, of the State, in order to enforce the laws, aid could have been furnished within tweniy-four hours. It would have taken a month before Cali- fornia could have been so assisted. What might have been justifiable in California under a cer- tain state of things cannot, therefore, be justl- fiable in any part of a State like Pennsylvania under similar circumstances. The citizens of Titusville were fully justified in arresting the villains who set their dwellings and storehouses in flames, and in keeping them in close custody until the proper authorities could be apprised of the troubles. But we do not think they are or would be mght in going any further, unless it became manifest that neither the county nor the State authorities were competent to enforce the laws. The question of banishing people indiscriminately, men and women, whether criminals or not, at this season of ihe year, as has already been done, is one upon which the authorities of the towns adjacent to Titusville may have something to say. These miserable creatures certainly cannot live in the woods, They must be housed somewhere, or perish. The officers of the law are also the proper per- sons to take cognizance of cases like these. In short, however great the provocation—and no doubt it was extremely so—the citizens of Titusville should, before resorting to final and irremediable measures, have tried the strength of the local authorities; if it were found incom- petent, they should have added their weight as & posse comitatus; if that was not sufficient, they should have called upoa the Sheriff of the county, and if that again was not competent, the Governor of the State might have been called upon to vindicate the law. It seems to us, that in a great and enlightened State like that of Pennsylvania the legal enactments of the Commonwealth can be maintained without resorting to the terrible code of Jndge Lynch. We trust, however, that the people of Titusville have not actually appealed to that code during their presemt term of excitement, and that later intelligence will be of s less sanguinary char- scter than that which is now before ua, Seoretary Seward the Happiest Man in All Creation. We once knew a Wall street financier who conducted his immense business upon a very peculiar plan. Having determined that cer- tain stocks would rise or fall within a given time, he made his investments, ordered his brokers to buy or sell when the market assumed this or that phase, and then started off to enjoy himself in his yacht, or on the road, or in another city. During the interval which occurred between his investments and’ the realization of his hopes nothing could induce him to set foot in Wall street. He was afraid that he might be excited by the rumors constantly afloat there; that he might become frightened and withdraw from the speculation, or that he might grow too bold and venture farther than he intended. A thousand circum- stances might arise to annoy and bafiie him if he should remain at his office; but so long as he kept away from ’Change and let things take their own course he was safe, unless he had greatly erred in his original schemes. Secretary Seward seems to have imitated our friend the financier. He has made his invest- ments in politics, in diplomacy, in Mexico, in reconstruction and in a hundred other affairs, and now he has gone off to sea to wait until something is decided by events. When he comes back he will be ready to go with the winning side, and in the meantime he has escaped all the trouble, all the confusion and all the labor of considering vexed questions and making up his mind upon disputed points and embarrassing subjects. This is a great improvement upon Talleyrand’s plan of allow- ing his letters to answer themselves by throw- ing them into a drawer and not looking at them fora month. Secretary Seward allows his whole Department to manage itself, and is free from all care and all responsibility in regard to perplexing matters of State. Wecan imagine the jaunty Secretary smoking his cigar and drinking his eau de vie beneath the blue skies and in the balmy air of the Gulf stream. The long, listless hours glide quietly away, undisturbed by rumors of wars or by the babble of politicians. The most important event of the day is the dinner; and at night, rocked in the cradle of the deep, the happy Premier sleeps soundly and has no fevered dreams. When tired of philosophic medita- tions upon the past and future of the country he can crack jokes with the captain or listen to the sea slang of the crew. So long as the sun shines and the waves are not large enough to occasion inward qualms the Secretary has no cause for uneasiness. Of the occurrences of the present, outside of his ship, he is in blissfal ignorance. The radicals may rage and rave ; but he hears nothing of their clamor. A strange sail on the horizon is of more interest to him than an impudent despatch from Druyn de Lhuys or a Congressional resolution.. No one asks him for an office, and he has no patronage to bestow, except an occasional cigar or glass of grog, which may full to the share of a favor ite middy. He thinks more of a black cloud than of the black race, and more of the barom- eter than of public sentiment. There are no morning papers to afflict him with the news; and, since nobody knows where he is, there is no chance of his being annoyed with corre- spondence. If he had gone up in a balloon he could not be more complefety out of this busy, bustling, anxious,” te world, nor more indifferent to ita proceedings. Our Minister may be withdrawn from England; we may declare war with France; Maximilian may evacuate Mexico—it is all one to Secretary Seward. The radicals or the conservatives may rule; the South may be declared in the Union or out of it; President Johnson may be sustained or condemned by Congresse—the Secretary drinks his Burgundy and knows nothing about it. He is more troubled because his cigar will not draw than about any of our affairs, Matters in which we take the utmost interest have no concern for him. Instead of puzzling himself about diplomatic precedents he is only, bothered because he cannot remem- ber the names of the ship’s ropes. We doubt whether the yard-arm suggests Jeff. Davis, or whether he ever remembers that arch-traitor except with the mildest geniality. It is all sea and sky and sunshine and good living and peaceful contemplation with the jovial Secre- tary. In the world, but not of it, with all its comforts and none of its cares, we may safely pronounce Mr. Seward the happiest man in all creation. While the Secretary of State is thus tran- quilly afloat the political agitation at Wasbing- ton is at its height; but he is not obliged to take any part in it nor to side with one party or the other. The President is labor- ing hard to reconstruct the Union, and thg radicals ere endeavoring to tear down the Pre- sideat’s work; but Mr. Seward is ignorant.of the President’s efforts and the plots of the radi- cals, More disinterested than Davy Crockett’s wife during the celebrated combat between her husband end the bear, be not only does not care which wipes, but be will not even stay to see the fight. There will be time enough to decide his course when he comes back; for this delightful cruise must bave an end some day. He knows himself to be secure of his official position #0 long as he stays away from Washington; for the President cannot pos- sibly notify him of his dismissal from the Cabi- net. It is impossible to remove a Seeretary who thus shrewdly removes himself by pugting out (o sea, bound for no port and uncertain when be will return. Of all the games which the wily Premier has played during his frolic- some existence, this tiding over all difficulties by an ocean excursion is the neatest and most clever. He fully realizes the idea of the old joker who desired to be knocked into the middle of next week because be bad a heavy note to pay on the morrow. By the time that Mr. Seward returns to official life undoubtedly something will have happened, and he will be ready to take advantage of it at once. If the negroes are allowed to vote; if France withdraws from Mexico; if the Southern delegates are admitted; if the republican party is broken up; if the President is heartily sustained; if Stanton is turned out of the Cabinet; if a new civil war is inaugurated; if half a dosen constitational amendments are adopted; if England pays the Alaboma damages; if Secretary McCulloch re- stores specie payments, why, very good; if not, then very good, alzo. Mr. Seward will land from his trip @ political Captain Jack Bunsby, althongh be left us as « political Micawber, to wait for something to turn up. We congratulate him upon his present happy deliverance from the dowbtq and dangers which perplex those who have chosen to re- main and see the country through this impor. ye cena am een tant crisis; and althongh we cannot recom- mend his example to other Cabinet officers, we may yet envy his calm serenity and sweet re- pose. But we forget that congratulations and denunciations, praise and blame, envy and ad- miration are alike lost upon the wave-rocked Secretary. Afloat and free, like the rover in the song, he is equally indifferent to friends and foes, and the happiest man in all creation. Tennessee—The C)amor of Radicals, A short time since a memorial was presented to Congress from the “Union Central and Ger- man Union Central Committees of Tennessee,” praying for Congressicnal intervention to pro- tect them from the tender mercies of their ene- mies, whom they unhesitatingly brand “as a rebel majority which will soon resume political control of that State.” This memorial was drawn up in the capital at Nashville, and is signed by the appointees and beneficiaries of Governor Brownlow and certain Germans un~ known to fame, who, combined, do not repre- sent one-tenth of the voting population of the State. We here see a striking illustration of what States, situated as Tennessee is, are likely to suffer if the present radical non-restoration policy of Congress prevails, They are at the mercy of a clamorous crew of hungry office seeking radicals. These radical officeholders and red republican Germans of Tennessee fear the restoration of civil rule, not because it will relieve the State of military authority, but be- cause they know that with its return their oc- cupations will be gone and their places sup- plied by persons fully aa competent and as loyal to the government of the United States as they are or have been. These radical office- holders ostentatiously boast of their services on fields of battle in the Union cause, when it is well known in Tennessee that while the war waged to and fro across their afflicted State, they were “watching over the border,” and, with their families, waxing fat upon the chari- ties and sympathies of an over credulous pub- lic. It is also known that when the cities of Nashville and Knoxville were seriously threat- ened by advancing rebel columns, these gentle- men, who talk so loudly since peace has dawned upon the land, were unwilling to risk their pre- cious lives with the gallant defendera of their homes, but vanished to parts unknown, only to reappear when the danger had passed to claim a share of the spoils. It must be fresh in the public memory that when Buell’s army left Nashville unprotected, in order to meet Bragg’s invading columns in Kentucky, An- drew Johnson, then Military Governor of Ten- nessee, .refused to evacuate the city when urged to do so; and that its retention was mainly owing to the energy and undaunted courage of that inflexible patriot. It was about this time, when Breckinridge was report- ed in front of Nashville with forty thousand troops, that Governor Johnson made the cha- racteristic remark, looking all the while as if he-meant what he said, “1 am no military man; but any one who talks of surrendering I will shoot.” These men, we say, who were then unwilling and refused to aid Governor John- son, now come before Congress the avowed enemies of the President’s plan of restoration, and minister to the desires of factional power in order tfobtain and retain the rewards of office. These are the cravens and skalks in the hour of danger who, with some unbeard of red republican Germen-ellies, now. eassy to wield the power and the patronage of the State of Tennessee—to shape her destinies, not for the good of her people, but for their own personal aggrandizement. These things should be taken into consideration at the mass meet- ing of the loyal people of Tennessee which will assemble in Nashville on the 22¢ of Feb- ruary next, when, it is to be hoped, these memorialists and their memorial will be utterly repudiated, and the clamor of the radicals im the State silenced forever. The day of Tennessee's complete rehabili- tation, we trust, is not far distant. Her loyal representatives should be at once admitted into Congress, and she herself allowed to re- sume her place among those States which, per- haps, remained truer, but under far leas temp- tation and with much less cost ot blood aad treasure. A New Mercuayts’ Excaavos.—Foreign merchants and strangers generally, visiting this city for business or pleasure, are strack with astonishment at the fact that the commercial metropolis of this vast country has not within its limits an Exchange at all com- mensurate with its extensive and ever increas- ing commerce. The management of the tem- porary Exchange in Pine street is highly credit- able to all concerned; but those premises are not at all calculated to impress favorably the foreign visitor with either the liberality or judgment of our commercial mea. The busi- ness exchanges of London, Liverpool, Paris— the three great capitals of Europe—are orna- ments to those cities, while those of Man- chester, Glasgow, Frankfort, &c., afford sub- stantial evidences of the enterprising and liberal spirit of the merchants of those places. What the mercantile community of New York require, and what for the credit of the city is demanded, is a large and commodious structure, built expressly for the purpose, and erected at some point where its architectural beauties cam be seen and appreciated, and not smothered between narrow and dingy walls. The site should occupy about one hundred and fifty feet square, or sufficient space to afford room for all branches of trade, with the offices of the Chamber of Commerce, Board of Trade, Corn Exchange, Underwriters and Shipbrokers, a spacious and well regulated news room and an area large enough to secommodate those who visit the city on business. The different tines for telegraphic communication could be brought together here, where infor- mation from all parts of the world could be obtained. The elty covers such an extent of territory that something must be done to con- centrate the points of transacting our mercan- tile business; for the time saved, but which ix now lost, in traversing our dirty streets, from the North to the Bast river, and clsowhere through the commercial districts, would ina short time go a great way towaed repeying the cost of the building we propose. By having a Merchants’ Exchange comprising the par- tieulars and bullt upon the fiberat and compre- hensive plan suggested, New York will be able to rival the great commercial cities of Furope, not only in regard to the facilities afforded merchants, for doing busjness, but in time the extent of that business itself, Now tha’ (he aubjeot of the new Post Office is betng agitated, ley our merchants take in hand this matier af i new aod magnificent Merohanta® wee me Te Sse ee. Ale