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

4 NEW YORK HERALD. JAMES GORDON BENYETT, EDITOR AND PROPRIETOR OFFIOR N. W. CORNER OF FULTON AXD NASSAU STS, BROADWAY THREAT! near Broome street. ~Tux Curmney Cori Lesson. Lue’ SHTON’S THE z Nos, 728 and 780 Broad- way.—V slog? VALENTINE—THE UARDIAN ANGEL, WOOD'S THEATRE, Broad: Pha wea e, ATRE, way, opposite the St. Nicholas GKORGE CHRISTWS—OLp Scuoon or Mixstetay, Barians, Musical Githg, &c., Fifth Avenue Opera House, Nos. 2 and 4 West Twanty-rourtn street.—Miss BLOOMER at THE Sorkes. SAN. FRANCISOO MINSTRELS, 585 way, opposite Broad etropolitan Hotel — Sraior.an ite bs LYING TRAPRSR, SINGING, Dancina, £0. TONY PASTOR'S OPERA HOUSE. 201 we Dancrxc, BuRLesquas, &¢.—Tak Yanxnu ox, Two Days in FRance. —Sina- VENTOR; BRYANTS' MINSTRELS, Mechauics’ Hall, Broad. ke Comicatitizs, BuRiEsquss, a. aun Live ILKPHANT. HOOLEY'S OPERA HOUSE, Brooklyn.—Erntoriam Mix. wrnxisY—BaL.ans, BURLESQUE AND PANTOMIMES. NEW YORK MUSEUM OF ANATOMY, 618 Broadway. Open (rom 104. M. till 10 P.M eb aes CLINTON HALL, Eighth street.—Ma, E. H. Hanprvo’s Setect Concert. BRADY'S GALLERY, 785 Broadway, corner of Tenth street—Open, every morning and sfternoon.—Naw Col Papen War Views anp Histonic Portuaits. Free to e public. WITH “New York, Thursday, March 29, 1866. ADVERTISING OF THE CITY PRESS. The Herald the Great Organ of the Business Public. Annexed are the returns to the Internal Revenue Department of the receipts from advertising of all the faily papers of this city for two years, In the first column are the receipts for thirteen months, being the yoar 1864, with one month of 1863, and in the second column are the receipts for the twelve monthe of 1865 :— Thirteen months Por the Paper. ending Deo. 31, 1864. Year 1865. Herald $577,455 $662,192 Fribune. 269,960 301,841 Times. 251 S12 284,412 Evening Post 163,177 222,715 World. ... 128,056 177,204 Journal of Co 109,595 173,646 franseript..... 2 164,461 Staats Zeitung. 126,380 Bun... a 101,793 Commercial Advertiser. 17,556 Daily News...... 48,968 77,048 Evening Express, 62,350 68,742 Now Yorker Demokrat. 21,052 25,734 Totals........- so sebreeceee $1,878,267 $2,489,724 This shows the Heratp to be, by its extensive and comprehensive circulation, the chief organ of the adver- Users of the Metropolis, and the medium of communi- cating their businoas events to the public. THES NWaWS5. CONGRESS. The Senate adjourned yesterday morning without \rangacting any business im consequence of the death of Senator Foot. In the House Mr. Wilson reported back a bill requir- ing army officers in possession of moneys collected for the support of refugees and freedmen to account for auch sums to the United States Treasurer. The bill was passed. A bill was passed amending the Internal Reve- nue act 50 a9 to the collection of the income tax for two months, in order to allow the Committee en Ways and Means to. report a bill modi- ‘ying tho income tax im time to affect the present year's meomes. The Bankrupt law was the special order of yesterday, and was debated with much spirit, but finally postpoved after @ failure to pass it, Other unimportant vor merely local bills were variously disposed of. No action was of course had yesterday by the Sensto on the Civil Rights bill vote. Further action has been postponed until Monday next. It is generally conceded at Washington that the Senate will pass the bill over the veto; but that it will be lost in the House, THE LEGISLATURE. Bills extending the fire limits of Brooklyn and chang- ing the grade of streets of New York, west of Eleventh avenue, were Introduced in the Senate. The bills in- corporating the Young Men’s Christian Association and @rapting authority for the construction of basins in the Twelfth ward, Brooklyn, were passed in the same body. A substitute for the bill providing that all regularly ee- tablished transportation lines leasing piers and warves may erect sheds and temporary structures for merchan- ise was adopted, and then the bill was laid on the table. During the evening session of the Senate several Dills of local importance were ordered to a third read- ing. The York city tax levy was reported and made the special order for Tuesday evening next. In the Assembly the bill incorporating the Under- ground Railway Company was considered in Committee of the Whole, advanced to a third reading and adopted by » vote of ninety-six to thirteen. During the evening session the Annual Supply bill was considered. EUROPE. One of out Paris correspondents supplies us with a copy of an important secret convention recently cluded between the minisiers of Maximilian and Napoleon. This document shows in a startling light the abject dependence of Maximilian on hue imperial patron, and proves that Mexico is in reality governed from Paris, almost as much so as if it were openly declared to be # French colony. Our cor- respondent is of opinion that some decided action on the part of the United States will be necessary to keep the rene’ ror to his promise of withdrawing the French troops from Mexica, sir Hugh Rose, the military dictator of Ireland, bad isxued a general order declaring that the British army ts free from any taint of Fentaniem, which has only mant- feted itself ameng the paid ageuts of the Brotherhood. At the same time he warns the soldiers to be on their gvard agafost the “infamous designs” of the Fenians, THE CITY. The suspension of payments by the banking firm of Culver, Penu & Co, still creates some excitement in nancial clrefes, Tt is hoped that the saspension will be bot temporary, In any event, the assets of the firm are reported largely to excoed its liabilities. Tho Preaidont and Directors of the Brovoort Fire In surance Company have decided to wind np the affairs of that corporation, reinsuring all outstanding risks in the Metropolitan Insurance Company, and Aividing the assets among the stockholders. This course was rendered necessary In consequence of the competi tion among insurance companies, rendering it impossible to conduet business without # drain upon the capital of the company, The cash capital of the Brevoort In- surance Company was one hundred and fifty thousand dollars, and of this amount about seventy-five per cont will be paid back to the stockholders. ‘The case of the government against the steamship Meteor came up again yesterday before Judge Betts, in the United States District Court, and after some argu- mont between counsel on both sitoe it was adjourned to Friday to enable the District Attorney to procure from Washington evidence touching the oficial positions held by Dr. Stephen Rogers and Siguor Vicuns Mackenna under the government of Chile. Tho report will be found in our Sa it. Im the Supfeme Court, Circuit, Part 1, before Jndge Sir, Alexandor T. Stewart yosterday brovght an against James Hackett for the recovery of ono @honsand dollars. It appeared that defendant had been to plaintitf’s employment as porter, amd witile #o em- ployed it wns alloged that he had been taken to the je tasom cOnfeased to an officer that he A es eels plea enon goose out of tie plain W's store to ee value of ono thoumnd doliers, A NEW YORK /HERALD, THURSDAY, MARCH 29, 1866.—WITH SUPPLEMENT... passbook, with entries to the credit of the defendant | President Johnson’ amounting to two hundred and twenty-eight dollars, was found In the room where he boarded, and this civil suit was now brought to come at that sum. The defendant | ponents is now broadly and clearly defined. was examined. He denied having ever confeased to the police officer that he had stolen any goods from Mr. Stewart. The jury returned a verdict for the amount claimed. ‘The officials engaged in investigating the alleged whiskey frauds made five additional assessments yester- day, which amounted in the aggregate to $417,000, Al the other cases are in course of final adjustmont. ‘An action against the Long Island Railroad Company for injuries sustained in the disaster which occurred on their line in August last was tried yesterday in the Supreme Court, Circuit, Part 1, before Judge James, The plaintiff is Mr. Eugene B. Overton, who had both his legs broken by the collision of the trains He claims afty thousand dollars damages, A quantity of interesting testimony was taken as to the nature of the accident as well asin relation to the overcrowding of cars on this road, all of which willbe found in our Supplement. Some important points of law also came up for discus- sion. The jury will bring ina sealed verdict this morn- i "& special meeting of the Health Board was held yes- terday, for the purpose of hearing the code of bylaws which the counsel submitted for their guidance, Several communications were received, among which was one, transmitted by the Secretary of State, from the. United States Consul at Canea, with suggestions on ‘cholera quarantine, A full report will be found im our Supple- ment. ‘The rag and other junk dealers of this city held a meeting last ovening to adopt measures in relation to the proposed action of the Health Board, in their removal to some island in the Sound, About one hundred persons were present, and @ committee was appointed to adopt some definite plan of action in the matter. The Irish Canadians are clamoring as loudly asthe American Fenians for the revolutionary blow to be dealt by the Roberis-Sweeny military wing. Very large quan- tities of gold have been paid in by Canadian military organizations. They are girding themselves, and have all arrangements mado for the liberating campaign. The arsenal, commissary and financial departments of the movement are assuming West Point perfection, rumor got afloat through town yesterday to the effect that Stephens, the Irish Fenian Head Centre, had arrived in New York, and was at the O’Mahony headquarters. The rumor was without any foundation and afforded considerable amuse- ment. Strict rules are now in force to prevent the pos- sibility of introducing topics in Fenian speeches having nothing to do with the objects of the Fenian Brotherhood. A large meeting of the supporters of the Sweeny Fenian movement was held last evening at Tammany Hall. Towards the close of the evening the hall became densely crowded, it was supposed, by many of the adherents of O'Mahony. A row was expected, but nothing of tho kind occured. Last night another meeting of tenants was held in Clinton street, where a district organization for the Thir- teenth ward was formed to assist in the movement to insure a better protection of tenants by leaislation, ‘Thus far district organizations have been formed in nine wards, which are represented by a central organization, composed of delegates, and arrangements bave been made for a mass meeting in Union equare, which is to tako place on Monday afternoon, with a view of urging upon the Legislature the passage of the bill introduced recently for the protection of tenants against extortion by landlords and house agents. A lecture was delivered before the Young Men’s Christian Association Iast evening by the’ Rev. E. W. Syle, on the late rebellion in China, The lecturer gave some graphic accounts of many of the customs of tha Chinese, the style of their literature, the structure of tho country, and the origin and progress of the late re- bellion. ‘There will be an entire eclipse of the moon to-morrow night, commencing at nine o'clock and forty-one minutes and ending at one o’clock and thirty-three minutes on Saturday morning. Some interesting pafticulars of the anticipated event appear in another column of this morning's Herat. ‘The office of the Tenebrae was chanted yesterday after- noon at St. Patrick’s cathedral by some twenty ecclesias- tics belonging to the diocese, the Most Reverend Arch- bishop McCloskey assisting. The services of Maunay ‘Thursday will be performed this morning in the various Catholic and Episcopal churches at ten o'clock, and the | Tonebre will be recited, as yesterday, at the cathedral. | The new and favorite sidewhee! steamship Herman | Lavingston, of the Atl Coast Mat! Steamship Compa- | ny’s line, will sailon Dext, Jlst instant, at three | P. M., from pier 36 North river, for Savannah, Ga. ‘The first class steamship Morning Star, Captain Howes, will gail to-day at three P. 3f., from plor 46 North river, for Rio Janeiro, stopping at St. Thomas, Para, Pornam- ; buco and Bahia, A fire broke out in the residence No, 816 Broadway last evening, doing damage to a small amount, A woollen factory and several stores, valued at ono hun- dred and fifty thousand dollars, were destroyed by fire at Danville, Va., on the 20th inst, A wadding mill at Ashland, Penn., was destroyed yesterday morniny. The chair factory of Heller & Hoffman, at St, Louis, was de- stroyed yesterday, with a loas of forty thousand dollars, The stock market was stendy but dull yesterday. Gov- ernments wero firm. Gold closed at 12814 a 4. The radical advance in gold of Tuesday stimulated more demand for merchandise yesterday, and though business was comparatively light, pricés were generally higher, and holders were altogether firmer in thelr views. Cotton ruled firmer, but closed without animation. Petroleum was firmer. Sugar was very steady. Coffee was moderatoly active at previous prices, On ‘Change flour was higher. Wheat duil. Corn higher. Oais a trifle firmer. Pork higher. Beef heavy. Lard higher. Whiskey dull and nominal, MISCELLANEOUS. A deputation from New Jersey waited upon the Presi- dent yesterday with the tender of a series of resolutions commending bis course and policy. In reply the Pr si- dent declared tn effect that be could add nothing to what he had said in explanation of the line of policy pur- sued and to be pursued by hit, except thit, now fully established and made plain to all, it was to be persisted in, and that there was to be no retrograde movement on bis part. The excitement regarding the Connecticut election ix ‘on the Increase, and general attention 1¢ directed to that Btate. Another report of the language used by the Pre- sident to Messrs, Burr and Ingersoll represents him as defining the Union party to be the party waich supports nis Union restoration policy, and declaring that no one could approve bis policy and that of Congress at the sume time. Our New Haven correspondence states that the Republican State Committee had canvassed jthe State and footed up a vote of 42,280 for Hawley, 41,110 for English, with 2,600 doubtful; while the democratic estimate gave Foglish a majority of 2,216, with a doubtful vote of 2,080, We have reports this morning of an enthusiastic mecting of the frionds of Mr, English, at Danielsonville, last evening. A speech was made by James Gallagher, taking strong grounds im support of the Presient, and showing the antagonism existing between the latter and the republican candidate for Governor. The Supreme Court has rendered its decision in nearly all cases of violation of the blockade brought before it. These cases, exclusive of that of the Peterboif and others, involve not less than two millions of dollars of prize money. In the cases of the Bermada and Stephen Hart the Chief Justice decided as valid the capture of these British vessels bound for the Britieh West India islands with cargoos for the rebels, The steam tugboat Phenix, which was being towed by the steamer Sea Gull to this city, sank in a gale on the 25th inst off Cape May. The officers were taken on board the Sea Gull, No loss of any account resulted. Lafayette Baker, the detective, has been convicted of the faise imprisonment of Mrs. Cobb, and sentenced to pay a tine of One dollar and the costs of the prooredings. The Supreme Court of Wisconsin has decided that according to the law of 1849 pegroes have the right to ‘vote in that State. .: The greater part of the Canadian army bas been or- dered mustered out. Ten thousand volunteers will be kept as a standing army. Advices from China and Japan, received by way of England, report that piracy is increasing to such an ox- tent in the Chine seas as to seriously endanger com- merce. Hang-Kow waa threatened by « strong force of rebela The Belgians were endeavoring to negotiate & commercial treaty with Japan. Sir Charles Darling, Governor of the Frglieh colony of Victoria, Australia, bad been severely censured and re- called The colony has been for some time past dis- tracted by © violeat straggle upon nancial questions Governor bad taken part in the strife against his Binisters, and to had seriourly lowered tho ebaran- $F the covernment, Hence his recall Appeal te the People. The issue between the President and his op- There can be no mistaking it, no evading it, no explaining itaway. In his first veto message, and in his grand speech on the 22d of Febru- ary, President Johnson boldly drew the line be- tween himself and the radicals ; but they have since been endeavoring to obliterate these utterances from the minds of the people. For this purpose Thad Stevens insulted the House and gave the world the lowest possible esti- mate of the intelligence of his constituents by declaring that the President’s speech was only ahoax. For this purpose Senator Sherman went down to Connecticut and tried to delude the voters by arguing that the differences be- tween the President and Congress were imma- terial. For this purpose the editors of the radi- cal journals have filled their columns, day after day, with bogus reports as to what the President had said to this radical Senator or to the other radical delegate. For this purpose the violent abuse of the President by the radi- cals bas been temporarily abandoned, and some of them have even schooled themselves to speak of him respectfully. And for this pur- pose Horace Maynard, one of the excluded Congressmen from the President’s own State, hasbeen sent around the country to tell the people that the Union is restored, and that all the rights of the South are restored also. This second veto message dispels the illusions which these politicians have been endeavoring to create. It reminds us that eleven States are still out of the Union. It points us to the dan- ger of a mongrel republic. It is the President’s appeal to the people against the politicians, and by the people he will be sustained. The first veto message of President Johnson convinced the leading men of Europe that he is a great statesman. His speech on the 22d of February has been universally accepted as a masterpiece which no prince born to the purple could possibly have equalled. This second veto message will add to his popularity here, and will increase the respect entertained for him abroad. Its clear, calm, conclusive analy- sis of the Civil Rights bill; its scathing expo- sure of the faults and defects of the measure, and its eloquent statement of the policy which the President has deliberately adopted, and to which he intends to adhere, are such as would make the reputation of any other official; but they can only strengthen the reputation of President Johnson. Some Congressmen who protess to be his friends had voted for this bill; some of his supporters, who had not examined the subject with sufficient atiention, presumed and predicted that he would give the bill his signature; but, with # keener insight and | &@ more infallible sagacity, Mr. Johnson ; at once detected the danger of this special legislation and the evils with which this measure was fraught. With the indomit- able pluck which Americans so much admire, and which we have seen incarnated ins Jack- ; son, ® Grant, 3 Shorman and a Sheridan, the | President substituted a veto for his signature ° and sent the bill back to the Senate, where it originated. What the Senators may do with it is of no consequence. Two or three of them ' may be ill and the veto may be disregarded, ov by a very close vote it may be endorsed, | In either case the position of the President | will not be affected. He looks beyond Con- gress; he appeals to the people, aod by the people he will be almost unapimously sus- tained. The veto message shows irrefatably that the radicals design to make this a mongrel gov- ernment. It has unmasked them; they can no longer maintain their hypocritical pretence of philanthropy. They hope and expect to con- . fer the right of suffrage upon the negroes; to | elect negro members of Congress from the | Southern States; to make negroes eligible for the highest offices in the land. ‘The political equality of the blacks thus couceded, how can | their social equality be denied? They must be | permitted to propose maitiage to our daugh- | ters; to sit at table with white persons; to ; mingle familiarly in the best society. For the ; sake of three millions of negroes forty millions | of white people have already been involved in | civil war; half of a great nation has been crippled and desolated; a heavy debt has been placed upon the shoulders of our citizens; blood has been poured out like water; precious lives have been ruthlessly sacrificed; | but all this is not enough. Now, for the sake of three millions of negroes, the white people of this country are asked to submit to the abro- gation of the constitution; to the exclusion of eleven States from the Union; to the super- sedure of the State judiciary; to the peity tyranny of irresponsible spies, paid to preter complaints, whether justly or unjustly. More than this: we are asked to give the semi- civilized negro a preference over the intelligent immigrant who lands upon our shores; to punish a parent who refuses to allow # negro to marry his child; to cast into prison any judge who decides the dicta of Congress unconstitn- tional; to submit to a social association per- tectly revolting to all sensible persons, and to a national future like that of Mexico or of the mongtel South American republics., This is what the radicals demand, and all this they | have embodied in the Civil Rights bill, which ought to be called a bill to deprive white men of all rights. The President has placed this measure in its true light before the country. In doing so he has again broken all party trammels, and exhibited a patriotism that can rise superior to all partisan pleas of expediency. An entire reconstruction of the politics of the United States will be the result. All who are in favor of assassinating the republic in order to make the negro equal to the whites will take sides with Congress. All who are in favor of the Union, governed by white men for the benefit of the people, will take sides with the President. The issue is made; the President appeals directly to his fellow citizens, and, one after another—begin- ning with Connecticut next Monday—the States will wheel into line in his support. ‘Tue Gas Consumers or Tis Crry axp Brook- tyyx.—A meeting of several prominent gas com sumers in this city and Brooklyn has been held, and steps taken to secure a hearing of their com- plaints by the Legislature, This is » proper course, and we are glad to find that the subject has taken so pointed a direction. These meet- ings should be beld in every ward in this city and Brooklyn, and the public voice in favor of gae reform be heard in such volume as to com- mand respect at Albany. Meanwhile let the work of sending in petitions to the Legisiature Wo continned cleoreusty. There wnat anrety be some method of relieving our taxpayers of the | doing what it can to prevent by rendering the scandalous extortions of the gas monopolies of this city and Brooklyn, Tue Brooxuyy Union Ferry Company aND que InteRNAL Revenve.—It has been stated that this rich monopoly owe the government about $20,000, which they refuse to pay on some quibble, and are not only endeavoring to get rid of the payment of this debt, but to avoid the payment in future of the same sum annually as the tax on their receipts, The law applicable to this and other ferry compa- nies reads thus :— Any person or Some, covannies ar eotvere: tions, owning, or hat the care or manage- ment of any toll road, ferry or authorized by law ‘to receive toll for the transit of passengers, beasts, car- rages, teams and tht of any description over such toll road, ferry or bi shall be aut to and pay a description. The returns show that the gross receipts of this company for the year 1864 amount to the sum of $772,411; for the months of January, February, March and April of the year 1865 the gross receipts are $234,143; total for these sixteen months, $1,006,554, For the first six months of 1864 the tax paid, at the rate of one and a half per cent om the gross receipts, amounted to $5,748. For the last six months of the same year, at the rate of three per cent on the gross receipts, the law as to rate being changed, the tax paid amounted to $11,674. For the first four months of 1865, during which only the taxes have been paid, they amounted to the sum of $7,024. Dating from May 29, 1864, to May 29, 1866, a period of two years, the company have paid a tonnage duty on their boats amounting to $3,632, Since April, 1865, the company have refused to make returns of gross receipts and to pay the three per cent duty on the same, alleging that, by the act of Congress of March 3, 1865, the payment of tonnage duty on their ferryboats exempts the ferry from the tax of three per cent on the gross receipts thereof. This act, however, relates only to steam- boats and other craft engaged in service other than ferries, and where the duty is fixed at two and a half per cent on the gross receipts of the boat or other vessel, as such, and while en- gaged in its own distinctive, independent, sin- gular navigation pursuits. By section 103 of the Internal Revenue act of March 3, 1865, a ferry must pay a duty of three per cent on its gross receipts, irrespectively of any tonnage duty paid on its boats, &c. The false pretence of exemption to pay the three per cent, as a ferry, by reason of the payment of a tonnage duty, which only ex- empts payment of a duty of two and a half per cent on something else, is quite transparent. Our figures above show the fallacy as well as the extract from the Revenue law given above. | This gentle corporation would have the gov- ernment believe that Congress intended to : release this ferry from a yearly tax of ; $22,816, and to accept in lieu thereof an annual tonnage tax of only $2,878, or | thereabouts, assuming the gross receip's of the ferry since April, 1865, to be equal to those of the. year previona. They are no doubt much larger. It is plainiy seen that the ferry is taxable three per cent on its gross receipts, no mat- ° te> whether its beats pay or do not pay a ton- nage duty. On the bas‘s of the above figures and the law of the land, this ferry company owe the government some $20,000 for taxes accruing since April, 1865. | t Mr. Miynarp’s Spec in Connecricvet— duty of three centum on the gross amount of all GEE Scaipes of avery | Tam Restoration or tax Unioy.—Mr. Horace , Maynard, of Tennessee, mado a very foolish \ ‘ speech at Meriden, Connecticut, on the 27th | inst. He spoke in favor of the republican candidate, and stigmatized the opponents of that gentleman—perhaps nearly half the people of Connecticut—as “deserters and bounty jumpers,” copperheads, and so on, and accused them generally of want of patriotism. ‘This was neither wise nor polite. The fact éhat men oppose a republican candidate need not necessarily impeach their patriotism, and since Mr. Maynard pretended to feel grateful to Con- necticut for some past favors, he might have exhibited his gratitude in a beiter way than by abusing a great number of her people. The moat remarkable point in Mr. Maynard’s speech was his reference to the restoration of the Union. “We have now,” he said, “a re- stored Union, and the government is established beyond all efforts to disturb it.” And he further declared that this restored Union had restored “all the rights and privileges of peace.” This is singular language for one in his posi- tion, Mr. Maynard is a member clect from ; Tennessee in the present Congress, and he is refused admission to the House. He is not allowed to take his seatin the House, either as a right or a privilege, in this restored Union. He | is shut out by the verdict of « party which de- ; nies the restoration of the Union in Tennessee, though it affirms it in Connecticut. The most important fact in Mr. Maynard’s life is that he, with many other representatives of the South- ern people, is denied the highest right given by the constitution. He cannot gain from Congress any recognition of the rights of his constituents in the Union, and yet he goes to Connecticut and prates of a restored Union and restored rights in order to contribate to the success of | the very party that denies that Union and those rights in his own case. | We know not by what bargain Mr. Maynard has arranged with the radical leaders to thus stultify himself and his constituents by doing the dirty work of the radicals in the Connecti- | cut canvass; but if the price of thie act ix any exception to be made in his favor on the ques tion of admission, he will only secure that advantage at the expense of public odium. i Corros axp Srrom Parwents.—Since the close of the war there bas come into our mar- kets from the Southern States $300,000,000 wortb of cotton, The effect of this upon our finances has been exactly the same as if it had been three hundred millions ot gold, and it is this that has carried the price of gold down to ite present point. Where would we have been financially but for this cotton? Farther a great deal from specie payments than we have ever been yet. And it 1s upon fatare receipts of the same great staple, and upon ite effect in restor- ing the financial balance of the world, so much against us, that we mast count for the return to specie payments, This will sccomplich it in the only safe and natural way, despite all that may be said to the contrary by crack-brained specie payment theorists. Not by the reduc- tion of importa, but by making the exportation of our vegotable gold exceed in value all our imports together, will we bring things w the natwre! atate: and this the radical Congrom la | from the people, but from the great bankers | as the Loan bill to force resumption in spite difficulties there. ‘The family quarrel betweem Prussia and Austria is to be settled by a refer- ence to the Federal Diet, and the King of Pras aia, having overruled Von Bismark’s dicta torial policy, is likely to get possession of Schleswig-Holstein without any molestation from Austria, So there is to beno fighting in that quarter. The English people are to be com- forted with a reform bill, which is to increase the number of voters by four hundred thou- sand, The Fenians in Ireland have not struck a blow, and their formidable “head centre,” Stephens, has left the country, after advising his followers to keep the peace for the present and attend to their ordinary avocations, “Ame- loration seems to be the order of the day for Ireland. The Prince of Wales is announced as the next President of the St, Patrick’s Society of uDblin, and will no doubt appear on the next 17th of March with a shamrock in his button- hole, as George the Fourth did once before, when Ireland was to be “coneiliated.” In short, the clouds and smoke which for some time past rather dimmed the political aky of Europe, would appear, from this news, to have passed away, and everything to be quite balmy again. War 1s vor Jerr, Davis Temp os Lowe argpt—We have the legendary punishment of the “iron mask” as an old French mode of keeping out of sight or in perpetual seclusion & person whose liberty was dangerous to# particular dynasty. That tyrannical mode might have operated well enough a century or two ago, when politics and kingdoms were founded upon different bases than they are is this period. Two hundred years since it might have been expected that a rebel like Jeff. Davia, who had been the author of such bitter hostility to the government, and the quiet witness of the cruelties that marked the bloody career of the Southern rebellion, would have had his head chopped off at the shortest notice and his bodily sufferings speedily ended. But it seems that we are permitted to see in this enlightened era an instance of the refinement of barbarity for political offences which never characterized the dark ages. Jeff. Davis is, as it were, in a living tomb. The President is blamed for allowing him to be kept there; but it is not the President’s fault. The fault lies with the Chief Justice of the Supreme Court, who de- clines to try Davis for high treason, because he is at a loss where to try him so as to secure his conviction. He will not iry him in Virginia, because he doubts whether a jury can be em- panelled who can be made to believe that the accused is or was @ traitor. He will not try him in a loyal State like Pennsylvania, where overt acts of rebellion were committed with the connivance of Davis, because he is afraid that, being so far removed from the actual thea- tre of the rebellion, a jury may be moved ta clemency. Congress fails to provide a solution tor this dilemma, and in the meantime the prigover ‘lies incarcerated. In the hands of the Chief Justice or of Congress rests the re- of a.decision in the case of Davis, That he is entitle to a trial is a0- knowledged on all hands, even by the most radical, That he must be eternally imprisoned— in other words, made to wear perpetually an iron mask, according to the fashion of feudal times, without s trial, is a stigms upon our republican institutions, Let Jeff. Davis be tried somewhere—in the District of Columbia; in the Capitol, if the Chief Justice cannot fing position of the planter as uncertain as possi- ble, by damaging labor and property, doing all that it may to shorten the crop of next year. The Loan Bill in the Senate. “Immediate resumption !” is the cry of the hour with the blind guides, the short-sighted zealots who do not see that they themselves would fall in the wide ruin they are so reck- lessly, ready to bring down on others. In our present financial difficulties this shibboleth of “gpecie payment,” a “dollar that is worth a dollar,” and the clamor of “immediate re- sumption”—all this together is exactly analo- gous to the cry of “on to Richmond,” so dunned in the national ear in the day of our military troubles. Both come from the same quarter; and as the one directly induced great disaster by forcing us into s contest that we were not prepared for, so the other, if suc- cessful, must have a similar consequence by urging Congress and the country to precipitate action on a subject of such vital importance that it cannot be touched without danger to the country. The Loan bill is the macbine that is expected to accomplish the purposes of these clamorers for resumption. Let it be understood that specie ‘payment is not what these men most desire. They desire it as a step toward some- thing else—as a means by which they can en- rich themselves at the expense of the country. This clamor comes from the holders of govern- ment obligations, and what they expect to se- cure by a forced resumption of specie pay- ments is a vast appreciation of the securities they hold. This appreciation would reach a figure sufficient to tempt to the grandest schemes. Many of these securities were bought at par when our currency was far down in its depreciation—when a dollar was worth in gold not more than half its face. And the return to specie payments will double the value of all these. This is the selfish game that is played for by those ‘who cry out for specie payments, They wish simply to increase the value of the government bonds they hold. That which they bought for fifty cents they wish to make worth a dollar. This apprecia- tion applied to the millions of the government loans involves an immense amount of money, and it is in the eagerness to secure these vast sums that the whole clamor for specie pay- ments originates. It is the money of the hold- ers of government bonds that has carried the subject into Congress, and that fills a portion of the press with the new “on to Richmond” cry of “immediate resumption.” The cry for the resumption does not come and others who hold this government paper, and who wish by such schemes for contraction of the disasters that must ensue. They know that » sudden return to Specie payment would break down in one general revulsion the whole commercial | establishment of the country. But they clamor for it, despite that knowledge, vager to secure their own advantage whoever else they may destroy, It is certain that such a great change at present would involve gene- ral bankraptey and paralyze all trade and manufactures, Yet they urge it upon the country as a great benefit that ought not to be kept from the people. They are not satisfied with that quiet but slow operation of financial causes that is bring- ing gold down with the steadiness and ocr tainty of the law of gravitation ;-but they woilld precipitate it, and hence this scheme of the Loan bill, proposing the retirement of the best part of the national currency for the benefit of the banks, and at a vast unnecessary expense to the country. The shriekers for immediate resumption in seeking to seize an advantage would secure only disaster; tor that which they seek to make more valuable they would make worthless. If by their schemes they could force the contrac- tion necessary to secure specie payments, they would destroy the business of the whole peo- ple, and so strike at the very fountain of the national revenue. The safety of the national revenue—of that income that makes the gov- ernment paper valuable—depends upon the prosperity of the people—upon that tranquillity of the whole commercial fabric that a return to specie payments would inevitably destroy. Nothing would feel the effects of commercial trouble so soon or so greatly as the revenue, and upon that stands the value of the whole system of government credit. Thus the clafhor for specie payment, if successful, would not accomplish the objects it proposes, but would involve the clamorers themselves in the: gen- eral ruin that would fall on all the country. fh ‘bé liberated wader a proclamation of general amnesty. We believe the republi¢ need have no further fears of such men. Fine Arts. GENERAL SCOTT AND GENBRAT. GRANT. ‘Two pictures, by Constant Mayor, were opened t@ private view last night at Gurney’s Gallery, Broudway. History baa enshrined the names of the subjects of both pictures—the two Lieutenant Generals, Scott and Grant— in the most precious spot of the nation’s memory. Ad faithful portraits it is hardly possible to overrate the value of these pictures, As works of art they are equal to anything which Mr. Mayer has yet produced in the line of portraits. We have rarely seen from any modera: artist so fine a plece of painting as that of Gonorall Grant, In the character of the face we have all thas can be required to make us familiar with the man. It ia Grant in bis most nataral and pleasant mood The sternness and harshness which characterize the pictured ‘of the hero of the late war heretofore presented to u@ are subdued and toned down to the standard of nature. A finer specimen of flesh tinting and relief it would be hard to conceive. The head stands boldly out from the canvas, bringing tho spectator face to face with the origt nal, and almost destraying the illusion that it is a counter- feit presentment, and not real life upon which he is look- ing, More than this in praise of the work we cannot say. The portrait of General Scott is equally good. It is promably the last picture for which the old here will ever git, and as auch it may be regarded as @ souvenir of matehleas worth—a link connecting the pres sent with the past in the history of our military chief. tains. Tt seems befitting that they should be placed sida by side—the veteran soldier who maintained the dignity of the republic against the assanits of a foreign onemy im years gone by, and the goldier who in our later trial® heiped to preserve its integrity when aaxatled by domes- lic foes, They are appropriate companion pictures. As masterly works of art they will commend themselves te the favorable jadgment of the critic and the connoisseur. AUCTION SALE OF PICTURES AT THE OLD DUSSKL~ DORY GALLERY. Mevers. Leeds & Miner sold @ large collection of pie- tures, by European and American artists, at this gallery last evening. There were not many works of merit offered, and the bidding was sccontingly very slow and epiritiess. Few pletares bronght more than the value of the frames, Many of them wore started at from three to five dollars, and wore knocked down at sums varying from five wo twenty dollars, with the exveption of two of three, which went up to sixty dollars. The names off moet of ‘the artiste did pot recommend their works any em, for most of them Apvenrisers’ Anitaveric.—A canting radi- cal journal of this city endeavors to explain away the official revenue returns of advertising, published in another column, by stating that it only charges fifteen cents a line for adver- tising, while the Henaup charges forty. Very good. We can easily show from its own figures that the Hxnatp is the cheapest, as it is the best, advertising medium in the country. The radical journal charges fifieen cents a line for its issue of twenty thousand copies; conse- quently we ought to charge seventy-five cents a line for our tissue of one hundred thousand copies, according to this radical editor's arith- metic, But we do not; we charge only forty cents a line, thus givitg our advertisers the benefit of five times the circulation for less than three times the price. as Coleman, T. A. , Ww. portrait of Stal Seeley maa as ps be found no bid- 6 wae uP. it no by the auctioneer a Another pointin this official table is worthy of } ors whereupon, the. | co that it wae notice, It will be observed that during the past onde a worth any ian in then oye oo year our advertising patronage has largely tin reize by th a faas Bight-whieh tnclad increased. Our receipts for the past twelve posed gen ray ey iy sna Pl | small coms months are immensely in excess of those for the oe ovening some nor prevent jetures will be ‘ offered, i yureh's keanp of Cowart,” Bier. thirteen months immediately preceding. This increase comes from the people. During the past year we declined to publish the corporation advertisements, which are said to pay about one hundred thousand dol- lars a year to our contemporaries—the radical journal included. Neither did we publish those wonderfal theatrical advertisements, about which so much fuss was made, and which were declared to pay another hundred thou- sand per annum. Facts are stubborn things, and we advise our contemporaries not to insti- tute any of these dangerous compariaons be- tween themaelves and the Herat, bat to slip along quietly, gratefully accept the crumbs of advertising thrown to them by the ignorant or the benevolent, and continue to print those corporation notices which it is designed that as few people as possible shall see, Pracerut News rnow Bowbrr.— According to the latest news everything is lovely in Europe. There ovvears to be a @enernl @tiling up of Chi stadt’s “View on the Platte River,’’/Nebraska, sud Roesi« ter's “Taree Types of Beauty.’ Master Out of Canadian Volunteers. — ‘Tonowto, March 28, 1866. Orders have been issued to muster out the surples volunteers over ten thoerand, which number will be Kept ar a standing army of observation on the [routier, Mn Jaman B. Hackrat iy Broortry.-Mr Hacket® will appear at the Brosklyn Academy of Maric on Mon- day, Wednesday and Chorsday evenings of next week im Henry the Fourth, the Merry Wives of Windsor, Rip Van Winkte and M onsieur Mallet «A very good company has been secured by Manager Tayleure to snpport Mra Hackett in these hie best characters Mr. Hackett will appear at New Haven at the conclusion of hs Brookia eugagement. Tee Exreese Compas —The provisional covtrect for the consolidation of the various great stpreng companies wan accepted yesterday by We Nay tional Bankers’ Expreas Company. [t iy Under stood thay the arrangement ie to incrouse fe capit stock af the old companies to the oxtent of (Fe millin of doliy.rs, which stock i@ to be Yaken by/be Nation Banyer’, The later cose out ripen ae a separnid, comyany. / ® more convenient or suitable place—or lef _ — — “