The New York Herald Newspaper, March 30, 1866, Page 4

4 NEW YORK HERALD, FRIDAY, MARUH 30, 1866.—WITH SUPPLEMENT. NEW YORK HERALD. JAMES GORDON BENNETT, OFFICE N. W. CORNER OF FULTON AND NASSAU STS. ance, Money sent by mail will be None but bank bills current in TERMS cash in atthe risk of the sender. New York taken. THE DAILY HERALD, published every day in the year, Four conts per copy. Annual subscription price, $14. THE WEEKLY HERALD, every Saturday, at Five cents per copy. Annual subscription price: Postage five cents per copy for three months. Any larger number addressed to names of subscribers $1 50 cach. An extra copy will be sent to every club often. Twenty copies to one address, one year, $25, and any larger number at same price. An extracopy will be sent to clubs of twenty. These rates make the Wana. Hxraxp the cheapest publication in the couniry. The Evrorzay Epmon, 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 include’ postage, Volume XXXIE.....ccecseeseeeeeene seeceeeWO, 89 AMUSEMENTS THIS EVENING. BROADWAY THEATRE, Broadway, near Broome street,—Tux Cunsmmy Comner—CoxsucaL Lesson. LUCY RUSHTON’S THEATRE. Nos, 723 and 730 Broad- way.—V ALIANT VALENTINE—THE GUARDIAN ANGEL. 'HEATRE, Broadway, opposite the St. Nicholas LYNNE. GEORGE CHRIS’ Bau.aps, Musicar Gx Nos. 2 and 4 West ar Tax Somen. SAN FRANCISCO MINSTRELS, 535 Broadway, opposite Metropolitan Hotel.-Brmior.aN Sinaia, Danvtxa, &0.— Tue Fixing Tear! LD ScHoou OF MINsTR&LSY, Fifth Avenue Opera House, fourth street.—Miss BLoomer TONY PASTOR'S OPERA HOUSE, 201 Bower mG Dancinc, Burvesques, &c.—Tus Yankex on, Two Days iv France. BRYANTS’ MINSTRELS, Meohantos’ way.—Necro Comicatinies, BURLESQUES, Evxpnant. HOOLEY’S OPERA HOUSE, Brooklyn.—Eraiorian Muy STRELSY—BALLADS, BURLESQUES AND PANTOMIMES. —Siwa- (NVENTOR; Hall, 472 Broad- 4c.—Tae Live NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— Open from 104M, tiL10 P.M BRADY'S’ GALLERY, 785 Broadway, corner of Tenth street—Open every morning and afternoon.—New Cou- Lection or Wan Views axp Historic Portrarrs. Free to the public. WITH SUPPLEMENT. New York, Friday, March 30, 1866. ADVERTISING OF THE CITY PRESS, The Herald the Great Organ of the Basiness Public. Annexed are the returns to the Internal Revenue Department of the receipts from advertising of all the daily papers of this city for two yeara, Im the first column are the receipts for thirteen months, being the year 1864, with one month of 1863, and in the second column are the receipts for the twelve months of 1865:— Thirteen months For the Paper. ending Dec. 31, 1864. Year 1865. 5 577,455 $662,193 260,980 301,841 251 812 284,412 163,177 222,715 123,030 177,204 103,595 173,646 62,044 164,461 67,550 126,380 94,328 101,798 60,322 17,556 48,963 17,088 Evening Express. 62,350 68,742 New Yorker Demokral 21,052 25,734 pee So. Palate... deusasegeaiel $1,878,267 $2,483,724 This shows the Heratp to be, by its extensive and comprehensive circulation, the chief organ of the adver- tisers of the Metropolis, and the medium of communi- cating their business wants to the public, HE NEWS. SOUTH AMERICA. Ry the arrival of the steamsivp North America, from Rio Janeiro March 3, we have important news from the theatre of war on the Parana river, On the Slst Janu- ary a Paraguayan foree, three thousand strong, croased to southern bank of the Parana, at Passo de la Patria, and attacked the Argentine forces forming the dof the allied armies, After a severe fight the as recrossed the river in good order to their *. ‘The loss of the Argentines is estimated ndred killed; that of the Paraguayans is not stated A large quantity of timber, accumulated by the Argentines for the purpose of making rafts on which to cross troops and material in the long projected grand ad vance of the allies, was captured by the Parnguayans and thrown into the river. In the Supplement of this morning's edition we pub- lish a map showing the sceno of the baitle and tue posi- tions occupied by the allied and Pareguayan forces. Doserters from the Paraguayan army report that Gene- rai Robles, together with sixty other officers, td beon shot by order of Dictator Lopez, Yn the presence of the entire army, drawn pin a hollow square, The Brazilian fleet romained at Corrientes awaiting the arrival of ral Tamandare, when active naval ope- rations were to be commenced by the combined flevts; but from the skilful obstruction of the Paraguay below Humaita it was doubtfal whether a successful attack by water could be made, From all appearances the defensive preparations made by Lopea would effectually prevent any diroet advance of the alties upon Humaita, thelr only chance of captur. ing that place lying in a rapid flank movement cither by crossing the Parans at Itapna, to which point General Parto Alegre was marching with fourteen thousand men, or by the toft bank of the Paraguay, through the Gran Chaco. At Rio the carnival season bad passed off with great gayety. The question of abolishing slavery in Brazil was to be brought before the adjourned session of the imperial Assembly. EUROPE. The mails by the steamship China, from Quoonstown March 18, reached this city yesterday at midnight, The main features of the news were forwarded by tele graph and published in Wednesday's Hrxane; but our Toreign correspondence and newspaper files furnieh addi tional matters of importance. Preparations for the Paris Exhibition of 1867 are being rapidly pushed forward, The letter of our Paris cor- respondent, published im the Hrrazo Supplement this Morning, shows forcibly the necessity of prompt action on the part of our Congress and leading ufacturers if America is to be adeqnately represented at this great gathering. Among the propositions of Colonel Norton, the New York commissioner, is one for the representa- tion of a complete New England cotton factory, worked by real Lowell operatiy oa. ynal trouble arising oat of the Cana- tion Were agitating the Ruglish jour- Mala § The Loudon fom declares that England has almost come to the couciasion that there ought to be no Featrigttotth ov do-p sea- fishing, and warns the pro. Vincials in case they ‘should seek to enforce too stringently their supposed rights against American fishormen, that the British govormpent is not hkely to niako great sacrifices tol apport three thousand miley away a right it bas virtually abandoned at home, In the House of Lordg, in the course of a debate on the condition of Ireland, Earl Ressell said that the Fenian movement arose out of the American war, just ns previous risings ha@ been brought about by the Fronch revolution. He added that robbery seemed to be the main object of the'Brotherheod. * Our Constantinople Gives interesting information with regard @ the conference convened in the Bast for the auporession of the cholera, and also with respect to the recent volcanic phenomenon in the Grecian Archipelago. CONGRESS. In the Senate yesterday Mr. Sumner moved that the action of the Senate with regard to Mr. Stockton be officially communicated to the Governor of New Jersey. Tho death of Mr. Foot was announced by Senator Poland briefly, and on motion the body adjourned to attend the faneral. The Senate chamber was densely crowded to witness the obsequies to the dead Senator. The President, Gen- eral Grant, the Cabinet and Justices of the Supreme Court attended, Rev. Doctors Gray and Byron Sunder- land conducted the services, At their conclusion a pro- cession conveyed the remains to the Baltimore and Ohio Railroad station, where they were placed onacar for transportation to Vermont. In the House an adjournment was had until Monday next, to enable the members to attend the funeral of Senator Foot. THE LEGISLATURE. ‘The bills authorizing the Board of Supervisors of Westchester county to purchase the Westchester turn- pike road, that amending the Common School law of this city by providing for evening, colored and normal schools, that amending the Sewer act and conferring ad- ditional powers upon the Croton Aqueduct Board, and Shat conferring exclusive power to grant hquor licenses on the Metropolitan Board of Health, were passed by the Senate yesterday. In the Assembly the Niagara Ship Canal bill was con- sidered and made the special order for Tuesday night. ‘The Pro Rata Freight bill was passed by a vote of 72 to 28, The Eight Hour Labor bill, declaring eight hours a day’s work, was lost by a vote of 541064. Two efforts to reconsider failed, and the bill was declared lost. Bills requiring the Ninth Avenue Railroad Company to re- move its rails in certain etreets, authorizing the building of a road in Essex and other streets of this city, and ex- tending the Grand strect road, were reported. An amendment to the National Guard tax was also pro- posed. A movement to reconsider the vote on the Underground Railroad bill failed. THE CITY. For the future the street contractors are required by the Health Board to report each evening to the police captain of tho precinct in which they have been working the progress made, and when completed a certificate to that effect will be furnished. The Washington Market stand dealers have a bil! before the Legislature asking permission to erect a market on the Gansevoort property. It is now quite certain that James Stephens, the Irish Fenian Head Centre, if pot actually in New York at present, is on his way here, and may arrive at any time. The differences now existing between the two factions of the Brotherhood here have been considered incurable without his aid, ana as the Roberts party did not believe that' the lotters of Stephens to the American Head Centre were genuine, it was deemed absolutely necessary that he should come himsolf and heal up once and forever all those sectional differences, in order to have all under one common head, and to work the organization in a quiet and secret manner. An important case, involving a dispute as to the essen- tial difference between a bill of sale and an assignment in trust, came before Judge Brady, of the Court ef Common Pleas, yesterday. Tho plaintiff, Frederick 4 Brittan, claims that his assignor, one Lorenzo Schenck, executed ‘@ bill of sale of all his property in a hosiery store, valued at twenty-five thousand dollars, to Messrs. Lorenz, Crofts & Hauffbauer, for the payment of his creditors in a speci- fled manner. Inétead of carrying out this trust, the plaintiff charges that the defendants converted the pro- perty te their own use, under the pretence that the sale was absolute to them in payment of a dsb: of ten thoa- sand dollars. The caso was commenced before Judge Brady yesterday without a jury, and is still on. In the suit of Eugene B. Overton against the Long Island Railroad Company for injuries received in the Collision on their lime last summer, the jury yesterday brought-in a veréict for the plaintiff, assessing his dam- ages at five thousand dollars. An action against the Camden and Amboy Railroad Company was commenced yesterday inthe Supreme Court, Circuit, Part 3, before Judge James, brought by Mr. Elias Birchall to recover the value of two boxes of worsted goods destroyed at the depot of the company, by 4 fire in August, 1664. The value of the goods is stated to be $929 60. ‘The decision in the case of Peter McDonald and A. E. Pirrson va. the Harlem Railroad Company for damages: for being treated by the conductor on one of the trains of the company, gives the former judgment for twenty-five and the latter for ton dollars damages. In the United States Commissioner's Office yesterday, before Commissi ner Osborn, James Burns, who had b:en a seaman on board the ship John Crockett, brought adomand against the captain (Burgess) for wages. It appeared from the evidence given py the plaintiff and a sailor named Wilson that while the vessel was being loaded with guano ata place in South America, the cap- ta'n seized Burns by theggck, knocked him down, kicked him, putirons on his banda, and “triced’’ him up in front of the main hatch, leaving the man for about twenty- five minutes in such a position that his tocs barely touched the deck. It was also sworn that the captaia’s daughter interceded for Burns, and that the captain told ber to go into her apartment and mind her own business. Ultimately Burns was released from hia position by the captain and went to his ordinary work. The case was adjourned for further examination. ‘The jaw will now take its course im the cases of all the wh skey distilleries where a compromise has not been effected, Eight assessments, in all, have been made, of which the aggregate Amount is five hundred and seventy- five thousand four hundred and fifty-seven doliars and sixty-six centa Maundy Thursday was colpbrated yesterday in all the Catholic and Episcopal churches, in accordance with the established rites of each denomination. In the Catholic churches the services were particularly imposing, con- sisting of hizh mass and the procession to the repository. At the cathedral the coremony of blessing the ofls used in the services of the church and pontifioal mass were performed by the Archbishop, and in the evening the office of the Tenebrae and the Stabat Mater were intoned by a chotr of some forty of fifty ecclesiastica, me An inquest was yesterday had on tho body of William B. Oddie, who was shot, as described in yesterday's Henaxn, by John La Dew, in the barroom of the Carlton House. Several witnesses examined united in testifying to the apparent friendliness of the partics and the in- toxicated state of La Dew. The verdict of the jury declared the act to be without malice, but the result of gross recklessness and carelessness, 4a Dew was libe- rated on giving bail to await the action of the Grand Jury. Th was understood yesterday that one of the burglars who robbed the safe of Mr. Lord of bonds valued at a miliion and a hall of dollars had been arrested near Boston, and that aciue to the other parties bad been obtained which would result tn their capture. A fire in the tailor shop of E. Parr, 142 Fatton street, yesterday, damaged several firms to the extent of about twenty-five hundred dollars; fully insured. The oi) refinery of Bedell, Lyons & Oo, Newark, N. J., was totally consumed by fire yesterday, and Mr. Lyons burned to death, A fre at Olean, N. ¥., destroyed a small amount of property belonging the Olean House. The stuck market was somewhat unsettled yesterday, but it closed steady. Government seouritig® were steady. Gold closed at 127% a %. Trade was decidedly irregular yesterday, and some goods advanced, while others declined. As a goneral thing, however, prices were off. Some kinds of imported goods cannot find a market hore, and are being reshipped ‘o Europe. Manila hemp is going to London in consid. erable quantities Cotton yesterday was comparatively dull and heavy, Sugar was nominal. Potroleum was active and highor.g On ‘Chango flour was dull at previous prices, Wheat was quiet. Corn rather firmer. Onte whiskey dull and nominal. MISCELLANEOUS. The Connocticut canvass grows daily more absorbing in interest and importance. ‘wo large meetings of the friends of Mr. English were hold yesterday at New Ha- ven and Birmingham, at which the greatest enthusiasm for the President and Mr, English prevailed. 8. 8. Cox, of this city, and Postmaster Cleveland, of New Haven, Addressed the crowd at that place, while W. D. Hishop and others made speeches at Birmingham. It is be. Neved at Washington that Mr, Eogliah will be clocted, as he is reported to be growing stronger daily. In the New Jersey State Legislature, yesterday, a reso- lation was introduced to go into joint session with the lower branch for the purpose of electing a suceessor to Mr, Stockton as United States Sonator, but it was lost, the vote standing, negative (democrats), 11; affirma- tive (republicans), 10. A full report of the and interests involved in the subject will be found in nother column, under the head 8f our Trenton cores pondene. - The United States trooos im Missininol bave been : ordered to rendezvous at Jackson, it is supposed to be disbanded. ‘The failure of Culver, Penn & Co. created great excite- ment in Titusville and the oil regions, fears being enter- tained that the local banks would be injuriously affected. It appears that the First and Second National Banks of ‘Titusville were the only ones not affeeted by the failure. Those most seriously damaged were the Petroloum Bank, ‘Titusville; Venango County Rank, Franklin; First Na- tional Bank, Corry; Bank of Lawrence County, New- castle; Crawford County Bank, Meadvilie; Oil City Bank, Oil City; First National Bank, Plumer; A. D. Cotton & Co., Petroleum Centre, and one or two others in Ohio—a total of thirteen banks and banking houses. Tho oyster law of Virginia went into effect on the 27th ult. A duty of three dollars per ton is levied on all vessels engaged in the oyster trade of Virginia, The tax is being paid under protest, and the traffic con- tinues, ‘The news from Mexico is interesting. The dates are to March 12, from Vera Crus, with but little news from the interior, a force of liberals having cut off commu- nication with Tampico. The body of M, Langlais, the French financial agent, was to have been forwarded to France by the French steamer of the 13th inst. The news frem Jamaica is unimportant. The inquiry into the cause of the late revolt had not been cencluded. The Crisis im the Cabinet. In connection with the general and all ab- sorbing issue of Southern reeonstruction, the events of each such succeeding day point to an inevitable and early reconstruction of the Cabinet. With each succeeding day the ne- ceasity in this direction devolving upon Presi- dent Johnson becomes more urgent and more apparent, The time is not far off when, if the dissenting members of the present Cabinet shall have failed to take the initiative, the President will be constrained, in the vindica- tion of his Southern policy, to begin the work of removal. His indulgence towards the sub- ordinates of his administration whose sympa- thies and influence are employed against him cannot be much farther extended. Every con- sideration of dignity and decorum on their part, however, suggests, or ought to suggest, to them the alternative of voluntarily retiring from the service of an official chief whose leading measures of Southern restoration they cannot actively support. We refer especially to Mr. Stanton, the Sec- retary of War, Mr. Harlan, the Secretary of the Interior, and Mr. Speed, the Attorney General. These gentlemen should remember that the war of the Union against a Southern rebellion and its work of destruction are at an end, and that the duties of peace, reunion and restora- tion are now the order of the day. But, as it appears, they hold fast to the theory of Thad- deus Stevens: that the lately rebellious States are not now in the condition of States of the Union, relieved of a ruinous rebel conspiracy, but are rather as provinces wrested from a foreign Power, disarmed, but still hostile to the general government, and unfit to be trusted with representation in either house of Congrees. This issue between Thaddeus Stevens and the President. admits of no compromise. The policy of the one or the other must prevail, and the conflict must go on till the radicals or the administration shall have been supplanted. The action of the two Honses of Congress upon the veto of the Civil Rights bill must in- evitably result in widening the breach between the President and the radicals and in strength- ening the administration with the people. We dare say that the bill, passed originally, like the Freedmen’s Bureau bill, by more than a two-thirds majority in each House, will fail of two-thirds in the one or the other, under the powerful objections of the veto. In any event, the President in his reply to the New Jersey delegation on Wednesday last has declared that he is too old to retrace his steps, and that he shal take no step backward. The day, therefore, is near at hand when the duty of reorganizing his Cabinet will admit of no further delay. Unquestionably he does not wish, if he can avoid it, to make any Oabinet removals for differences of opinion upon ques- tions of public policy; but the unity of the Cabinet is the first essential to a successful administration. In this view men who stand as obstructions must give way to principles and measures or be displaced, whatever may be their ministerial abilities or their claims on the score of public services, Messrs. Stanton, Harlan and Speed represent the radical party nthe Cabinet The antagonism between that iparty and the President on the Civil Rights bill is too broad and comprehensive to justify any presumption of a reconciliation. The only course remaining to the radical members of the Cabinet indicated, consistent with patriotism and a proper self-respect, is grace- fully to retire, and to leave the President free to reorganize his ministerial household in ac cordance with his general policy. As matters now stand the presence of Messrs. Stanton, Harlan and Speed in the Cabinet is incompati- ble with the great object of harmony in the administration, and they ought to retire. Sma. mae Necro Iytermarry with our daughters, snd take an equal place in our households? The Civil Rights bill says that he shall. Senator Dixos.—We hope that when the vote upon the President’s veto of the Civil Rights bill is taken Senator Dixon, well or ill, will be in his place to help to sustain the veto. Let him be there if he has to be carried on his sick bed. When a great battle is imminent the hospitals are emptied; the sick and wounded soldiers hobble to the front to fire one shot at the enemy for their country’s sake. We ask Senator Dixon to be as self-sncrificing as our soldiers, The igsue between the President and the radicals is no longer s' mere question ofa bill, of a party, of a policy. The happi- ness of the whole nation is at stake. The issue is whether the white people or the negroes are to govern this republic. If the President is sustained we shall have a restored Union, ® peaceful, prosperous and brilliant future, & government conducted by white men for the Denefit of all mankind. If the radicals triumph we may have negro Congressmen; a negro will be eligible to the Presidency; negroes may Tepresent us abroad; negroes will crowd ont white laboring men; negroes will prevent caligatien ¥0. the South, and negroes will be officially declared superior to the whites in this mongrel republic. One vote may decide the contest over the veto. Let not Senator Dixon be absent when his name is called. If he should die on the floor of the Senate it will be asa martyr to constitutional liberty, and he will be rewarded by a glorious immortality, Is Tass a Warre May’s Governuest for white ment The Civil Rights bill says that it is not. 9 ——_____ Ane Wa To Have Necross representing this government as United States ministers at the Courts of France and England? The Rights bill save that we are. The Loan Bill Before the Senate. The Loan bill as amended in the House of Representatives now lies before the Senate for the action of that body. Under ordinary cir- cumstances, looking at the bill in its present form, we might expect the Senate would pass it as it is, or without any materia) modification. It is the best measure that could be obtained, perhaps, at the present time, and it is to be hoped that the Senate will regard it in that light. But itis possible the political efferves- ence in Congress just now may have some in- fluence on the question. Still this is in no re- spect & political measure touching the differ- cences between Congress and the President, and ought not to enter into them. The vote on the bill in the House was not a party vote, and there is no reason why it should be so in the Senate. That body, then, should take it up simply as financial measure, apart from an administration or anti-administration policy, and dispose of it accordingly for the best in- terests of the country. The object of the Loan bill is to enable the Secretary to meet the obligations of the gov- ernment which will become due during the present and next year. The whole amount of these short time bonds and other Treasury ob- ligations will be about eleven hundred mil- lions, ° These have to be met either by renewal or by substituting another kind of indebted- ness, The proper way is to fand the debt, and we suppose it will be. funded. It would serve no purpose, and would only create future em- barrassment, to keep this debt floating. Butin fanding the Secretary should take care not to benefit the bondholders at the expense of the public, Or rather, Congress ought to pre- scribe rules to prevent this being done. It would be better, indeed, to fund the whole national debt, to make itof a uniform charac- ter, to fix the rate of interest equitably, taking into consideration the rate at which the differ- ent forms of the debt was taken and the value in gold now, and to establish at the same time asinking fund. The debt thus consolidated, and having twenty, thirty, forty years or longer to run, would be increased in value to the holders, just as United States sixes having twenty years to run are higher in the market than those having ten years to run. In fund- ing the debt, therefore, or even in extending it, the people, and not the bondholders, ought to. be benefited. The rate of interest should be decreased in a corresponding degree. Nor ought those who bought the debt at fifty cents in gold on the dollar expect to draw six per cent in gold on this amount when specie payments shall be resumed. That would be really mak- ing the public pay twelve per cent to these bondholders on the amount received from them. We have no doubt they will cry out, like Shylock, for the pound of flesh—for the fall amount of the bill in coin for which only half the value was received. They will donbt- less denonace the proposition we make as repudiation. Bat. is it so? ‘Is it not equity? All nations have laws against usury. A mode- rate rate of interest on money loaned is only legal. Why, then,should the public pay twelve per cent on the amount loaned to it? Yet this would be the case if we continue to pay six per cent in gold when we return to specie payments on loans that were made at a rate worth fifty cents in gold. It is simply a mat ter of equity—of justice to the taxpaying people, and sound policy. England and other nations consolidated. their debta.and reduced the rate of interest. Why should not we? The extraordinary power asked for by the Secretary of the Treasury, and granted by the bill originally, was very properly refused by the House. The proposition to give to any one man, however exalted; pure and able, power to contract the currency at his will and to any extent he might please, was a monsirous one, It placed the whole business and proper- ty of the country in his hands. By the stroke of his pen he could have reductd the property of every man ten, fifteen, tw&ty per cent, or more; involved everybody in bankruptcy, and plunged us into unparalleled financial diffi- culties, The amended bill, which passed the House by the large vote of eighty- eight against fifty-eight, deprives him of that power. The utmost he can do under this amended bill in the way of contraction before Congress will meet again, in December, is to withdraw eighteen millions of legal tenders from circulation. This, out of a currency of eight or nine hundred millions, is not much, and would prodnce scarcely a perceptible effect. Besides, there will probably be an in- crease of the national bank circulation to a corresponding amount, or more. In the mean- time we may expect that both Congress and the public will become more enlightened upon the subject. If the Senate should pass the bill in its present form, then we may feel ourselves safe for the present from any great financial convulsion or derangement from this cause. The bondholders, of course, are clamorous for an immediate resumption of specie pay- ments, They have immense influence, too, and are using it in every direction to force specie payments. It would add immediately more than twenty-five per cent, at the Present rate of gold,to the value of their Property, unless the government should re- Guce the interest correspondingly. That is, suppose the amount of this description of in- debtedness be two thousand millions, we should ad@ immediately to the wealth of tre bondholders, by returning to specie payments, five hundred millions. At the same time we should reduce the value of all other property twenty-five per cent, It requires no effort of reasoning to show the effect of this upon the country. The bondholders and their thousands of agents may well be so urgent for immediate specie payments. Still they are short-sighted, for the consequence of immediate resumption would cause general bankruptcy, cut down greatly the revenue of the government, create embarrassment in its finances, lower the credit of its securities and, consequently lessen the value of the bondholders’ property. But suppose the purpose of the resumption theoriste should be fully carried out, that we should at the same time withdraw and fund the legal tender and fractional currency, this would add four hundred and fifty millions of interest bearing debt to our heavy burdens, Thug at one stroke we should be adding to the burden of the people about a thousand mil- lions, while reducing the value of all they pos- sess over twenty-five per cent, That is not all, for tho so-called national banks draw some- thing like fifteen per cent from the country on nearly @hree hundred -millions through the Profits of their cirewlation and interest bear- Ciwit ‘ing bonds deposited. For this they pay nothing to the public, The whole system established by-Mr. Chase and his radical friends, and the whole policy of the specie paying theorists and bondholders, are perfectly monstrous, and would ruin any country but this, Indeed, we may yet suffer greatly unless we retrace our steps, abandon impracticable and visionary schemes and ley the foundation of a sound policy in the future. Is 4 Neapo Five Tomes Barren Taan a Warrz Man that the former should vote imme- diately, while the latter has to undergo five years’ probation if he brings his skill, labor and money to this country from abroad? The Civil Rights bill declares that the negro is five times better. Forman lIyuicration anp THB Rapwat Views or Conaress.—Immigration from foreign countries is officially announced to be larger st this time than at any former period. Most of these immigrants come from the rural districts of Germany, France and Great Britain; are com- posed of an agricultural and manofacturing class of people, and their destination is prin- cipally the Southern States. These people are industrious, fragal and intelligent. They will eners and native born Southerners in their efforts to resuscitate the South. The marvel- lous richness of the soil and the latent. but po- tent manufacturing advantages and mineral resources of the South will be developed by their labors. It is safe to calculate that the addition of one hundred thousand white for- eigners to the development of these elements of Southern wealth might produce to the ag- gtegate wealth of the nation one hundred millions of dollars the first or second year. How unjust it will these intelligent pioneers in a new system of Southern labor to place them beneath the igno- rant field negroes, who cannot read a word or write a syllable, in political privileges. These white men must be here five years before they can vote. The radicals would have the negroes vote before they can spell the word “freedom,” or know what it means before or after they learn how to spell it. The white im- migrant comes here expecting to be the equal of the white citizen; but he finds himself actually beneath the negro in the political and social scale. Is this the way to encourage immigra- tion? Is this the way to develop the resources of the country? Is this the way Congress legis- lated when the men who now represent most of the Western S‘ates in both houses were elected by the votes of hardy and intelligent foreign immigrants and their descendants? The great people of the Great West, we believe, will rebuke those of their representatives in Congress who aim at placing the Southern negro, just born into a state of liberty, in a seale of equality above the intelligent and in- Saat Negnons sit in Congress, in the -Cabl- net and other high stations side by side..with white men? The Civil Rights bill seys that he Tae Present on THE QuESTION AS TO Wxo For 'tax Unton Parry.—The gentle- men from Connecticut who took the resig- nation of Postmaster Cleveland, of New Haven, to the President, had a conversa- tion with him on the Union party. Mr. Johnson said:—By the Union party I moan et this time. the, party. which supports my Whion restoration policy, whoever they may be, and no others, I do not consider those who oppose my policy as Welonging to the Union party. The question of my restoration policy is now the paramount question, and all who oppose it are my opponents. The principles of my re- storation policy are fundamental. No man can approve of my policy and that of Congress at the same time. That is impossible.” We can add no comment to these strong words and the impregnable position of the President to increase their force. No one can be deceived about them. All the blarncy of the radical stump orators who have been and are going to Connecticut to influence the election there cannot deceive the people on the issue. They may deny this, and say the President did not utter these words. Few, however, will be- lieve them. Hardly any can be so ignorant as to mistake the language of the President, and the sharply defined issue that exists between him and the radicals in Congress. Let the people of Connecticut disregard the claptrap political humbug of stump orators and take the strong words of their patriotic President upon the great issue of the times, < “Ido not consider those who oppose my policy as belonging to the Union party, * * * * Noman can approve of my policy and that of Congress at the same time. That is im- possible.” These words of the President em- brace the whole question, Nothing more be said. Ane We to Have Necrons filling the posi- tion of post captains in the United States Navy? The Civil Rights bill says that we are. Tae New Jersey Senator.—The scandalous manner in which Senator Stockton was ex- pelled from the Senate has aroused general in- Gignation, There ig no doubt that he was en- titled to his seat; even thd Beliars sommittes reported in his favor. If the New Jerkay ay logis- Intors had any self-respect they would re-elect Senator Stockton by a handsome vote—not on Account of his politics, but as a rebuke to those Senators who trampled upon all considerations of law, honesty and honor in order to exclude him from the seat to which he was daly elected and justly entitied. We do not oxpect that they will adopt such a course, however; for New Jersey is always a hundred years behind the age. But the expulsion of Senator Stock- ton shows to what lengths the radicals will go for the purpose of getting votes to override the President's veto, and it is © warning to every conservative Senator to be present when the vote on the Civil Rights bill is taken, Sickness should not prevent their and there is plenty of time to dissolve all obligations in regard to pairs, We advise no one to jmitate the morality of Morrill, but to Give fair notice and refuse all offers to pair. Saaut Ovn Onm-oren see a negro in the Pre- sidential chair? The Civil Rights bill provides for such .a contingency. Corton Dettverms—By a mercantile , olt- cular in our paper of yesterday the quantity of cotton that has reached the shipping ports since the close of the war is stated at 1,988,000 oa? bales, or 2,000,000 bales in round dumbers, Neither in this cirenlar nor in others have we seen any estimate made of the quantity of cot be to | ton taken since that date by the various mille in Missouri, Dlinois, Indiana, Ohio, Kentucky and Pennsylvania; nor of the quantity of cot- ton that went inland to the mills in the New England States. It appears to us that 200,000 bales in the aggregate would be s minimum estimate therefor, which would make the Southern deliveries to this date 2,200,000 bales. Saatt ras Fanms or ras Great West and the whole country be owned by negroes, and white labor be made subservient to negro pro- prietorship ? The Civil Rights bill provides for this condition of things. Tax Vore or New Jersey mv THE Senats— Tae Necesarry or Ssnaror Waicur’s Pae- sence.—No more unscrupulous use of the power of a majority in a legislative body has ever been seen than that just exhibited in the United States Senate in the case of Mr. Stock- ton. The decisiog against Mr. Stockton is simply a piece of partisan tyranny of the gross- est nature, and it will be very difficult in deed, for the members who assisted in this out- rage to convince the country thatthey had any other purpose than to drive out of their body one vote that would have been cast in support of the President’s veto. Senator Wright, of New Jersey, Mr. Stockton’s colleague, had paired off with Mr. Morrill, of Maine, and gone home. Senator Stockton had every right to count upon that asa balance. But Mr. Morrill returned first, and, without waiting the return of Mr. Wright, cast his vote, and Mr. Stockton, seeing this sharp practice resorted to aga'nst him, and judging that bis duty to his State re- quired that he should throw away all notions of false delicacy, cast his own vote. New Jersey was justly entitled to a vote there, and Mr. Stockton cast it, and the Senate in subsequently reversing the result secured by that vote shows its partisan readiness to commit a great moral wrong under cover of a purely technical right. The presence of Senator Wright, of New Jersey, is thus made pre-eminently necessary. That gentleman should be in his place next Monday, if he has only life enough left to last him through that day—it is the absolute imper- ative necessity of his country that calls him. On that day the Senate will act on the bill that the President has just vetoed, and a single vote may determine its action one way or the other. The fate of the country, its future glory or disgrace, may turn on the events of that day; and though life itself were the cost, it would be nobly expended in meeting like a patriot the requirements of that grand occasion. Mr. Wright should be in Washington then, though the stalworth sons of his State shou!d take him on their shoulders, and though, like another Chatham, he went in his blanket and died on in-Chief of the United States Army? The Civil Rights bill says that he can do so. ‘The Bond Robbery in Exchange Place. ARREST OF ONH OF THE SUPPOSED ROBBERS WITH SEVERAL OF THE BONDS IN HIS POSSESSION. Intelligence has been received to the effect that person bas becn arrested on the railway cars, ten miles of Boston, by detective officers Kose Dui who are aliached to Marshal Murray's office, and L. V. Westodtt, Who is connected with the scores service of tho Treasury Department. The arrested party bonds were found, He was conveyed to Newburyport, shal’s office ts that the police will be able to get at the principal offenders in tne case; at present they have got aclue to circumstances that mmy unravel the whole of this gigantic robbery. Personal Intelligonce. Among the arrivals in the city we notice the name of Madame Le Vert, of Mobile, at the Fifth Avenue Hotel. Musteal. The beanty of the Abbe Liszt's Sinfonia of Dante is said to have driven the lovers of music in Rome half crazy. When Sgambati went to crown his master there was an am/able struggle between himself and the Abbo, ‘but the matter was compromised by an embrace and a kiss. At a congrogational soiree given lately in St. Columba's (Gaelic) church, Glasgow, the Rev. Dr. Norman McLeod addressed a crowded audience on the subject of Highland music, ina very able discourse, in which ne defended the Seotch bagpipes and advocated its superiority as & mus'cal instrament. He said:—“If ever you find ao Highlander who dves not care about the bagpipe, take care to get a receipt from him when you pay him an ac- count, If he has no musical ear, don’t blame the poor fellow, but pity him. But if he has a musical car aad don't like the pipes, take you care of that chap. There Is-n great deal of talk jut now about organs; but I think ‘there iq a great advantage in an instrument which is not Gilead with wind by the handle of a bellows, but by the strong, hearty breath of an out-and-out Highlandman. Did you ever hear of an organ being played in advance of a regiment going up in the charge against the French? What would your organs have done in Rgypt and at Waterloo? Why, a single shot would have them. What could they do in the Galway boat with a heavy breeze blowing, in a grand Highland glen, or om the top of our mountains? There is no music in the world to be compared with our bagpipe. I say it seri- ously. You cannot improve the bagpipe; it is the bess of its kind, é concertizing in the Sandwich Islands to the delight of the citizens of Honolulu. ite Miss Berry Grosising, & young vorss! "0 haa stonngd He ‘3 : : »