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NEW YORK HERALD. SAMES GORDON BENNETT, EDITOR AND PROPRIETOR ‘OFFICE N. W. CORNER OF FULTON AND NASSAU 8TS. Volume XXX) AMUSEMENTS THIS EVENING. BROADWAY THEATRE, Hroadway near Broome etreet.—Tux Frencu Srr—Buack Evep Susan. WOOD'S THEATRE, Broadway, opposite the St. Nicholas Botel.—1ux Kives—Tux Foou or tax Famity, IRVING HALL, Irving place.—Granp Comsrxation En- ‘TKuTAINMENT YOR THE Bunerit or tam Umion Onpuans’ Home or Ovu Dackasky SOLDIERS AND Saitons. GEORGE CHRISTY'S—OuD Sonoow or Minsre passane, Mewes Sees &o.. mae Avenue pers Hous, Nos 2 0 ‘est ‘Twensy-tourta sirect.—Parea Pirss, om tux Maw Anout Town. TONY PASTOR'S OPERA HOUSE, 201 Bowery —: 2G, Dancing, BuRtEsquxs. —Hoouiaan, on Pom. SAN FRANCISCO MINSTRELS, 585 Broadway, opposite Metropolitan Hotel.—krmortan 61 N — 7 on, sux Two Mouwreaamaa SONG Ae BRYANT MINSTREL3, Meohanics’ Hall. Broad- bo acm Comcatirins, Burixsquns. pow Live HOOLBY'S OPERA HOUSE, Brooklya.—Ermorus Mim ‘STRELSY—NALLans. BURLESQUES AND Pantouines. BROOKLYN ATHENUM.—Twx Autecuaniun Vocat- usa amp Beit Ruvares. NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— ‘Open from 0 P, M. 7 TRIPLE SHEET. TO ADVERTISERS. Advortiscments to insure @ proper classification ‘should be brought in before nalf-pas eight o'clock in the evening. THE NEWS. con § ‘In tho Sonate yesterday a resolution was passed ap- ‘pointing-a sel:ct committee to inquire into the condition ‘of the national banks with especial reference to the gov- ernment funds deposited therein. The reconstruction ‘resolutions were tak<n up at the expiration of the morn- dng shour, Mr. Stowart, of Nevada, being the first to make ® speech on the subject. He sincerely hoped that the Senate would modify the resolutions, and adopt gencral amnesty and universal suffrage as the basis ofa final plan ; but if they failed to do this he should sup- ‘Port the majority as long as their measures seemed to ‘contain any of the elements of good. A motion was made to strike out the third section; but it was permitted t lie over, ‘The further consideration of the subject ‘was postponed unt | to-day. In the house the joint resulation to prevent the intro- duction of cholera into the United States, reported from tho Sonate, was passed. The new Freedmen's Bureau Dill was considered and some amendments made, when the subject was postponed until Tuesday next. The Soldiers’ Bounty bill, revised by the committee, will be Presented for the consideration of the House to-day. Tho bil is changed so as to deduct all local bounties from the sum which would otherwise be due, The Tax bill was then taken into consideration, and several minor alterations and amendments made. THE CITY. Avory large meeting of the Chamber of Commerce ‘ook place yesterday for the purpose of electing a Pilot ‘Commissioner. The candidates were Mr. George WY Blunt and Mr. George M. Clereman. The former was elected by a majority of fifty-nine, Dr. Bissell, the Deputy Health Officer at the Quaran- tine, reports one death on tho 23d inst., leaving forty- four patients under treatment. The joint special committee of the Boards of Alder- men and Councilmen met in the City Hall yesterday, at noon, for tho purpose of hearing the views of the prop- erty holders with respect to the proposed widening and alteration of Fifth avenue. The whole project was con- ‘demned in strong terms by the property holders and de- nounced as a pieco of vandalism which would utterly ruin the appearance of the avenue. A large mass moeting of Fenians was held last even- tog in the Brooklyn Academy of Music, when James Stephens dolivered an address on the necessity of union and organization. He afterwards answered many ques- ‘tions relative to financial and other matters of an equally ‘Interesting nature, and the moecting adjourned smidst considerable enthus asm. ‘The Fourth brigade, National Guard, consisting of four regiments of infantry, numbering about two thousand ‘mon, held their annual flold day at East New York yes- Corday afternoon. The various military mun@uvres were fairly executed. In the afternoon two men were acci- dentally wounded, one receiving a gunshot and the other & bayonet wound, neither of which are considered dan- gerdus though painful. Yestorday, being the birthday of Victoria, Queen of England, was observed by all British steamers and Eng- Vsti merchant vessels in port, They hoisted their bunting and British onsigns all along the docks. In the evening Mr. Archibald, Consui General, entertained at dinner a number of British residents and American citizens. The Board of Appeals yesterday heard applications ‘from liquor dealers of Kings county. In most cases the Niconses were granted. In the Courtof Special Sessions ‘Mr. Charles Spencer took’an exception to the reading of the Excise act, which will be found noted ia another colama, Justice Dowling is to give his decision in the matter to-morrow. ‘The annual Conference of the African Methodist Epis- copal Church, which has continued five days and is still tm progress at the Zion church, corner of Bleecker and Fourth streets, was held yesterday morning in close ses. sion, No one who was not directly connected with it ‘was admitted—not even delegations representing other ‘diteiota, In the aftetnoon the seasion was spent in ex- orcises pertaining to the Sunday school department. ‘The Jury in the United States District Court, Judge Benedict presiding, yesterday rendered a verdict in favor of the government against Mr. Hernandez, who brought @ome jewoiry through the Custom House duty free. He protested that the jewelry was for the personal use of his ‘wife and thet he did not know that duty would be re- quired on it, ‘The case of Dennistoun and others against Simeon Draper, late Collector of the Port, commenced on Monday last before Judge Nelson in the United States Circuit ‘Court, was continued yesterday. Mr. Courtney, United ‘States District Attorney, having opened for the govern. ‘ment was foliowed by other counsel for the government and for the plaintif—™. The case 1s still on. Yesterday Commissioner Betts pronounced a length- ened judgment tn the case of the United States versus Otto Burstendinder, who was charged with having, con- (rary to tho laws of Congress, shipped by steamer to San Francisco a box of nitroglycerine, which exploded at that city, k'lling several persons. The Commissioner held that tho accused was not concerned in the ship- ment, and therefore ordered him to be discharged from custody. Tho case of the United States versus Captain Russell, Of tho ship Cultivator, for alleged cruelty to one of hia orew, named Dirkin, was on for hearing yesterday be- ore Commissioner Botts, who decided that the evidence ‘was not sufficient to hold the captain for trial. A deciaion of some interest was rendered yesterday, im the Court of Common Pleas, by Judge Brady. It was tm an equity case brought by Turner against Smith and others with whom he bad been in business as a partner ime Grm and who had obtained » judgment against the plaintiff and ordered a sale of his interest in the firm. eal eer brought an action to restrain the Sheriff 4 ‘pariners from making the contemplated sale on the ground that the whole business of the firm, would wafer by tt and for other reasons. Judge Cardoto granted the injunction, and Judge Brady, in his decision, sus. dammed this action and allowed the injunction and also decided that the defendants were entitled to the refer- ‘ence to the examination of his books and papers offered by the plaintiff. In the Genoral Sensions yesterday John Murphy pleaded guilty to an attempt at burglary, and was sent to the State Prison for two years. Wm. Paine, charged with attempting to enter the dwelling house of Isaac Markins, No. 168 Rast Twenty-third streot, was sont tothe Peniten tiary for one year. James Martin was tried on an indict ment charging him with committing a rape upon Mrs. Isabella MoGinnia, and convicted of assault and batvery. He was romanded for sentence. George W. Husabert, against whom were five indictments for larceny, was acquitted ona charge of obtaining a roll of carpet from the store of Robert Cunningham, No, 20 Reade astreot. He was remanded te be tricd on some of the ther charges, There is an alleged seduction cay in prospect in the Superior Court, in which a physician is charged with #e- ducing a young lady. The fathor of the lady is the plain- Ui, and the case is set down for the first Munday in June, The Sun libel case was summed up yesterday before Judge Brady ahd tho jury will render their verdict this morning. The funeral of David B. Waters, one of the firemen who lost his life at the recent fire, took place yesterday, attended by numerous associations and the fre company of which he was a member. ‘The stock market experienced a marked recovery yes- terday, and closed strong. Gold rose to and closed at 13934. Tho markets yesterday were very much unsettled by the excitement in gold and prices for nearly all kinds of both foreign and domestic produce were entircly nominal. Nearly everything was held higher. In the cotton market there was rather less activity, put prices continued to rule in sellers’ favor. Sugar was in good demand at full prices. Coffee was dull. Freights dull. On 'Change flour and, in fact, all kinds of breadstuffs advanced. Pork was dull and heavy. Beef steady. Lard firmer. Whiskey dull and nominal. Petroleum dull, but unchanged. f MISCELLANEOUS. An important letter from a correspondent in Venice, dated the 34 of May, which we publish this morning, gocs to show that Austria has been making cxtensive Preparations for war, both with Italy and Prussia, since the friception of the German difficulty, and that she was at the latest moment well prepared for a bloody defence of her position on the frontiers of both countries. The ‘Writer says that tho Italians in and around Venice were not particularly excited. They looked for a sharp and dectsive struggle, and, curiously enough, expected a Teadjustment of the Austro-Italjan question as a result. From our European files to the 12th of May we have compiled some interesting details of the financial con- dition of England, national and with respect to the banks, before and at the moment of the great money Panic, Five hnndred emigrants from Europ who landed lately in Canada were in Toronto over night on Sunday, May 20, om their way to seek homes in the Western States of the American Union. The Toronto Leader re- marks:—*‘Will our government ever offer inducements to emigrants to remain in Canada?’’ Areview of the political history of Mezico from the earliest period of Spanish rule down to the present time is presented in the columns of the Heratp this morning. ‘The evidence of the past goes to prove that the cupidity of the clorgy has been the main cause of the anarchical condition of that unfortunate country, and that the gov- ernment of Juarez was striking effective blows atthe root of the evil when it was interrupted by European in- tervention. News from Honduras of May 4 is to the effect thata band of Indians from Yucatan had made a raid on the mahogany cutters on the Rio Brara, and plundered every one they could find. Considerabie excitement was mani- fested in Belize on the occasion of the raid, as it was teared that other gangs would make a similar move- ment. Mr. Jefferson Davis camo to Fortress Monroe a pris- oner of war one year ago from the 22d of May, A review of the events of his prison life during that year is published in the Heaatp this morning. It is thought now that his trial will be postponed until Au- gust or September, as there is considerable excite- ment in Richmond consequent on the finding of the indictment against him, and the Attorney Genoral thinks it best that the trial should not come off until the excitement subsides. Mrs. Davis, it appears, is not as courteous to the officers in charge of her husband as cir- cumstances would seem to demand. Our correspondent states that she frequently applies epithets to them per- sonally which are obnoxiously disloyal. ‘The constitutionality of the act of Congress denying the Tight of suffrage to deserters was argued in the Supreme Court of Pennsylvania yesterday. The case was one where the judge of an election prayed to be relieved from fine and costa imposed by the Franklin County Court for refusing to receive the ballot of Henry Reilly, who had been drafted during the war and did not report or furnish a substitute, The decision of the Court bas not yet been rendered. The Ohio Democratic State Convention at Columbus yesterday made nominations for Secretary of State, Chief ot the Board of Public Works and Judge of the Suprome Court. They adopted resolutions supporting the policy of President Johnson and pledging themselves to co- operate with any one who holds to the same faith, with- out reference to his former political opinions or his- tory. The North Carolina State Convention reassembled yes- terday, when a motion to adjourn sine die was made. ‘The motion lies over one day under the rules, English was elected to the House of Delegates in Hen- rico county, Virginia, yesterday, ovor Magruder, who had been in tho rebel army. The trial of Moran for the alleged murder of Miss Kearney, to whom he was engaged to be married, and who was shot while standing in the doorway of her father’s house, was comm-nced in the Supreme Court at Dedham, Mass, yesterday. ‘The British brig I. B. King, from Cow Bay for New York, collided yesterday morning with the Aun Eliza- beth, and sunk immediately. Four of the crew were lost, the captain and one man being the only ones saved. Judge Thomas, of the Circuit Court of Virginia, sitting at Alexandria, bas decided that, according to the laws of Virginia, negro testimony 1s not admissible in cases where white mon alone are parties, and has recently re- fused negro testimony on that plea. He decided that no Congressional legislation could impair the right of a State to decide what class of persons can testify in its own courts, The Congressional Investigating Committee at Memphis was busy yesterday in the examination of witnesses. A card was published in the Memphis Bulictin on Wednesday charging General Runkle, the Superintend- ent of the Freedmen’s Burean, with refusing to mako contracta without a bonus. Another card appeared yes- terday, signed by the author of the first one, retracting the assertion and completely exonerating General Runkle from the charge. Mr. Sewaro’s Srexcu at Avsurn—A Drr or Newsparer Enrerrniss.--When Louis Napo- leon wishes to define his position he goes to Auxerre or some other town away from the capital and makes his little speech. It is brief, but it is a thunder clap, and all Europe trem- bles, When our Secretary of State wishes to define his position he goes to Auburn and makes a long-winded speech as fair as a bright May morning but as tedious as a drizzling rain. Napoleon first publishes his official speeches in the Paris Monileur, and Mr. Seward would, if he could, first publish his official manifestoes in the newspaper specially devoted to the political interests of the firm of Seward, Weed and Raymond. As the head of this firm, Mr. Seward bas just tried an experiment in newspaper enterprise which has proved « fiasco, With the report that he had left Washington for Auburn we were satisfied that it was to make a speech. Accordingly we detailed « pair of skilful and experienced shorthand reporters to tollow him up and report him. Getting upon bis trail these reporters were informed that Mr. Seward was not going to Anburn to make a speech; but still, under their instructions to follow him up, they followed him. Arrived at Aubura, he kept themtwaiting there a day or two; but they were not thus to be foiled. Finding that he could not shake them off and that the Hirai wos bound to have that speech on delivery, he compromised the matter by an arrangement for its simultaneous transmission to the Asso ciated Press. Thus was he detested in his de- sign of the exclusive publication, by authority, of said speech in the special newspaper organ of his political firm. There was no escape for him, for our reporters in this case, if necessary, would have pursued him to the Great Salt Lake. Mr, Seward’s diplomacy was no match for the newspaper enterprise opposed to him in this experiment NEW YORK HERALD, FRIDAY, MAY 25, 1866.—TRIPLE SHEET. The Serenade Specches of the President md the Cubinet, On Wednesday evening the Johnson Club of Washingion made night melodious with a serenade to the President and the members of the Cabinet, The gentlemen thus compli. mented had been warned some time before that speeches would be expected trom them upon this occasion, and consequently we find in what they said or did not say a full ex- Pression of their views upon the great issues now before the country. The remarks of the President were very brief. He simply thanked the people assembled for their Presence and Spprobation. Secretary Seward was out of town and had already delivered his speech at Auburn. Secretary Welles curtly endorsed the policy of the administration. Secretary Stanton praised both the President and Con- favor of the bat: McCulloch denounced Congress in the most vigorous style. . Postmaster Dennison did not believe that there was any cause for separation be. tween the President and Congress and would continue to act with both of them. | Attorney General Speed skedaddled, not being in a position to give publicity to ‘his opinions, lest the country should see how inconsistent it ts for him to remain longer in the Cabinet. Sec- retary Harlan, who is in the same predicament, also refused to speak, but sent a letter in which he candidly confesses that he has done nothing to merit a serenade and says that he intends to go with the Union party, neglecting to state, however, whether this is the party of Thad Stevens or of President Johnson. So far as the President is concerned the result of the inquisitorial demonstration on Wednesday is eminently satisfactory. ther, speech-making. The time for talk has passed; the time for action has arrived. If the President had been inclined he could have given us another scathing re- view of the radicals and their revolu- tionary extravagances and another elo- quent defence of his principles and his policy ; but he feels “that the country is fully informed upon these matters already, and therefore he declines to indulge in any further remarks, The President is quite right. The people are almost unanimous in his favor. They require no more arguments, but they do demand the logical application of the President’s princi- ples to the Cabinet officers and to all other federal officeholders. The developments of this serenade bring the whole subject home to him. Let him look at the speeches of his Cabinet ministers. Out of the seven members Secretary McCulloch is the only one who earnestly and unequivocally endorses the policy of the Chief Executive. The others all flinch, squirm and wriggle. Secretary Welles supports “the administration;” that is to say, he supports himself as part of the administra- tion. Secretary Stanton sustains both the President and Congress, although the Bible as- sures us that no man can serve two masters, Secretaries Seward and Dennison are so blind to facts which all the rest of the world perceive that they deliberately assert that the President and Congress are not hostile to each other. Secretaries Speed and Harlan are conscience-stricken and dodge the ques- tion. Only one out of the seven is faithful to the President, We may laugh at the absurdity of some of these gentlemen in attempting to carry water upon both shoniders, to travel in different directions at the same time, to be on both sides of the fence, to ride two horses, to play a double part, to imitate Janus; but how much more reasonable is President John- son, who condemns the radicals as rebels and yet keeps them in his Cabinet? The present Cabinet does not represent the sentiments of the American people and is not at all characteristic of the President. It is Abraham Lincoln’s Cabinet, not Andrew John- son’s. Mr. Lincoln selected and collected it, not because he cared particularly for the ad- vice or assistance of the persons who compose it, but because he wanted to reward some of its members for their political services and desired to keep some other members of it quiet and out of mischief and under his own eye. Secretary Seward, for example, might have been a formidable rival for the Baltimore nomination if Mr. Lincoln had not chained him to the desk of the State Depart ment. When Mr. Lincoln died he left the Cabi- not as it is, and a decent respect for the pro- prieties constrained President Johnson to re- tain it until the days of mourning were over. But there is now no more reason for his keep- ing Mr. Lincoln’s Cabinet than for his wearing Mr. Lincoln’s old clothes. If he imagines that he strengthens himself with the people by not changing his advisers and that something ot Mr. Lincoln’s prestige is attached to the Secre- taries he is utterly mistaken. The people ob- ject to this Cabinet because the majority of the members of it are grossly incompetent for their positions and because they entirely misrepre- sent the tone and temper of the country. Be- sides this, the Cabinet does not suit President Johnson; it does not fit him; it does not agree with him; upon various vital questions it is decidedly opposed to him, and whenever an emergency occurs it is actively and successfully used by the radi- cals against him. Let the President turn this Cabinet out of doors, without further hesita- tion, like piece of old furniture that may have been very useful to his predecessor, but is now no longer available and is very much in the way. Then let him call General Grant to the War Department, Admiral Farragut to the Navy Department and dispose of other leading generals in the other departments, according to their capacities—and he will find all kinds of ability among them—and by this single act he will at once get rid of great number of his enemies, secure a body of practical, patriotic advisers and receive the enthusiastic approba- tion of a million of soldiers and another mil- lion of the friends of the soldiers, With these facts in view we know what Andrew Jackson would bave done after such « disgraceful reve- lation as that made by the speeches of the Cabinet members on Wednesday. We now walt to see what Andrew Johnson will do. Excrrement 1v Cusa.—The Spanish authori- ties in Cube aro terribly excited about the spread of liberal views throughout that “gem of the Antilles.” Newspapers, books and every His reticence shows that he fully appreciates the sentiment of the people in regard to any fur- | camer vehicle capable of transmitting informa-| ting up this law from interested motives. tion are suppressed and a regular reign of terror against intelligence prevails, The flagi- tious policy of Secretary Seward in regard to Spain and South America is beginning to de- velop itself in the Spanish islands adjacent to this continent. It shows itself in the brutal bombardment of a defenceless South American city and now in the edict against printed mat- ter in the Islandof Cuba. Why doesnot some Chilean or Peruvian iron-clad,with its three hun- dred pounder armament, make its appearance before the walls of the Morro Castle prior to the bombardment of the clty of Havanat This would only be tit for tat and convince the Spanish government that cannon balls are a game that more than one Power can play at. The European War Panic—Napoleon and the French People. In the peculiar facts and circumstances of the late ominous speech of Napoleon at Auxerre, much more than in the epeech itself, the. European Kings and money changers are Justified in their acceptance of it as.a declare- tion of war, First, the Mayor of Auxerre, in welcoming the Emperor, tells him’ that “fifty-one years ago. the Emperor Napoleon L. was received in this town with such proofs of devotedness. and joy. that he retained a vivid recollectiun of them, which he expressed on his deathbed (at St. Helena) in the most affecting terms,” and that the same devotion of the town has no more been found wanting to the nephew “in the days of trial and adversity than in those of prosperity and triumph.” Here is a good foundation and the Emperor builds upon it. He says to the Mayor, “Be certain that on my side I have inherited the sentiments of the head of my family for the energetic and patriotic populations who supported the Em- peror in good and in evil fortune.” Hence he stands as a party leader, rallying his support- ers from the masses of the French people, the adherents of the Emperor, peace or war, against Bourbons, commercial conservatives and intractable republicans. Next he tells his friends what is coming in telling them that they elected him to the French Assem- bly of the republic of 1848 because they knew that his interests were those of France and that “like the majority of the French nation I detested those treaties of 1815, which some parties of the present day wish to make the sole basis of our foreign policy.” This means war—a revival of the “gloire” and “victoire” of Austerlitz—a revival of the empire as it stood before its expulsion and the humiliations inflicted upon France by the Holy Alliance, and mainly through the perfidy of Austria. A financial war panic instantly follows. The shop keepers and stock jobbers of Paris are thrown into a high state of alarm and indigna- tion. It becomes expedient to soften down their apprehensions. Hence the semi-official journals undertake to explain that this dread- tul Auxerre speech was perfectly harmless and that there was nothing in it that Napoleon had not often expressed before. But in addition to the suggestive circumstances detailed it ap- pears that this speech, after its delivery, was revised by the Emperor and torwarded by him to the Moniteur, with instructions for its imme- diate publication, and that itis a much stronger war manifesto as published than it was as de- livered. The conclusion is justified that after delivering the speech, considering the temper of his audience and the Napoleonic France it represented, the time and the place were deemed proper fora Napoleonic declaration of war, Hence the failure of the soothing explana- tions attempted by the semi-official journals of the French capital. The Emperor himself, meantime, baving issued his manifesto, bas nothing more to say. A word of peace from him would suffice, but he does not speak it. In short, all things being ready, he has given the signal for war, The Paris correspondent of the London Times says that the sentiments of this Auxerre speech “are the revenge taken upon the commercial and bourgeois classes,” the advocates of peace; that the Emperor cannot “preathe freely” among them; but that he goes “among the working men and the peasants to find the true genius of France.” In other words, the France of the Bonapartes and the empire is among the producing classes—the bone and sinew of the French people. It is the France inherited by the first Napoleon from the first republic and by the present Na- poieon from the second republic. It is the empire by the will of the people. Herein lies the strength of Napoleon. It is the strength of the many against the few; of the masses against the aristocracy; of Andrew Jackson against the old United States Bank and the old whig party of this country and of Abraham Lincoln against the aristocratic slaveholding Bourbons of the South; it is Cesar against Pompey; it is Napoleon against the Holy Alliance. The Emperor first proclaims his party and then he proclaims war, because he knows that his party will absorb all other parties in France in the revival of the empire as the armed dictator of the Continent. Recxiess Leaistation.—The public are be- ginning to reap the fruits of the reckless and inconsiderate legislation at Albany last winter. In the Court of General Sessions on Wednes- day, before Judge Russel, the District Attor- ney stated that among the bills which the Grand Jury found was one drawn under a very recent act of the Legislature. It was an act imposing @ tax upon brokers in merchandise. The Attorney also stated as a “refreshing specta- cle” the fact of a gentleman calling upon him in his office and requesting to be indicted. His request was granted, the object being to pre- sent a test case for the consideration of the Court of Appeals. Counsel for defence put in demurrer to the indictment on the ground that the act was unconstitutional, and quoted authorities to sustain the point. He contended that the imposition of « tax on foreign articles by the State is in contravention of the constitu- tion of the United States and against the spirit of the constitution of the State, which provides that every tax levied shall specify the object to which the tax 0 raised shall be applied. The law is an anomaly, for it does not provide to whom the fees shall be paid, and no officer of the law can recover them. Nobody desires to have this law enforced, as the counsel stated, for the effect would be to destroy this business in the city of New York. More than four-fifths of the business in this city is carried on by these gentlemen and the effect of the law will be to drive business to other cities. It is sup- posed that calculating business men in New England and Philadelphia bad a hand in get. | Judge Russel gaid he had no objection to the application of counsel to have @ pro forma judgment entered against the people, and gave his opinion that the law is uncon- stitutional. In, this view of the case it will be judicious in the Governor to sus- pend the operation of the law, at least so long as will be necessary to enable the proper civil courts to decide upon its constitutionality. Itia proper to state that the Governor is not directly responsible for this reckless legisiation at Albany; for although the law is intended to realize some fifteen million dollars per annum from the city of New York, it is an amendment to another act and was not especially called to the Governor's attention. It is time that this species of legislation was ended and a reform instituted which will send honest and capable men and not corrupt politicians to the State Legislature. The Pact and Putere of Mexice. In view of the important ovents which the present year promises to bring about in Mex- ico we to-day present our readers with anably’ written review of the political history of that ‘unfortunate country from the earliest period. of Spanieh rule down to the present time. Our object in devoting so much space to the subject is to prove to those who either are or affect to be sceptical on the subject that with the withdrawal of the French and their impe- perial protegé it is by no means certaim that she will re-enter upon that miserable condition of anarchy and misrule that has hitherto marked her career. By showing, as we do, that the selfishness and cupidity of the clerical orders have been, almost from the period of the Spanish conquest, the main cause of her mis- eries, and that, with the re-establishment of the republican system of government, an end will be put forever to those baleful influences, we feel that we are doing not merely an act of justice to the Mexican people, but vindicating the truth of history. The progress of nations, like that of individ- uals, is determined by circumstances. Some ar- rive at a bound at results which it takes others painful and long continued efforts to reach. European civilization has itself been a plant of slow and painfal growth. Even in the most politically educated of its communities we do not even at present always find an apprecia- tion of the principles which constitute good government. What right have we, then, to condemn Mexico by the past and to pronounce it as hopelessly condemned to a condition of civil strife? A philosophic mind sees, on the contrary, in its revolutionary tendencies only the exirtence of some deep seated evil which itis endeavoring to cast off. Nations are not given to warfare from the pure love of fight- ing. The same influences that have retarded the progress of Mexico and kept her in a state of continual disturbance forthe last half cen- tury have produced and are still producing analogous results in other countries. Look at Ireland, for example. There the church establishment exercises a far less mischiev- ous inflyence than in Mexico; but it has unquestionably been one of the main causes of the discontent and restlessness which mark its political condition. The government of Juarez was the first to strike at the root of the evil in Mexico, and the results of its policy would have been an entire pacification of the country if the selfishness and treachery of the European governments had not arrested its labors. Whether it be under Juarez or some other President of the liberal party, it cannot be doubted that the work thus suspended will soon be resumed. The evacuation of the country by Maxiuillan and his hangers-on is now not merely a question dependent upon the period fixed by the French for their own departure. The accounts published yesterday from Mexico show that the bare announcement of Napoleon’s purpose had created such a panic ameng tho supporters of the empire that they were already preparing to ran. Nothing can in fact be more hopeless than the present condition of the im- perial cause, The treasary is empty and there is less prospect than ever of its being replen- ished. The taxes have, after the fashion of the “Peza” law, been collected some months in advance and the custom house privileges have all been hypothecated. The rats who flocked to partake of the imperial cheese have eaten all but the rind, and finding this too tough for digestion they are fast slipping from the country before the liberal trap can be sprung upon them. Of course the Mexi- can troops in the service of the Emperer will not be long in catching the infection and very soon Maximilian will be lef without a single Mexican subject to give a color to Iris dynastic pretensions. Whether he will think it con- sistent with his sense of self-respect to con- tinue this miserable réle until the departure of the French compels him to consult his safety by flight remains to be seen. We are inclined to the opinion that he will anticipate that event by a formal abdication within a very short period and that the French themselves will be put to it to find an excuse for delaying their departure until the period fixed by Na- poleon. It will be a subject for congratulation to all true friends of Mexico, as well as of the Mon- roe doctrine, if things should take this farcical turn. Nothing would tend more to convince the world of the falseness, impudence and ab- surdity ot the pretences under which the Eu- fopean governments undertook to regulate the affairs of that country. prc etotar 9 Ana aean Repumpine THe Acapemy or Mvsic.—There is a good deal of speculation as to whether the Academy of Music will be rebuilt for the pur- poses of an opera house. There are many rea- sons why it should not be, and we opine that these reasons will prevail. First, the condition of the walls and arches of the ruined structure is such as to render them wholly unfit for far- ther use. It would be unsafe, in fact, to trust them in building intended to accommodate two or three thousand people. Next, the ground upon which the ruin stands is infinitely more valuable for other purposes, say for resi- dences or livery stables. Again, the stock- have realized more money out of the insurance than they ever did or would do in the future, and they are therefore not likely to invest the $150,000 insurance money again in an enterprise that has always been unprofit- able. There is a custom in Hindostan to pre- sent # man’s enemy wish a white elephant, which is a sacred animal that, to law, cannot be killed, but must be taken care of in & sumptuous fashion, so that it is quite a costly gift to keep. If by any lucky chance the ani- mal should die a natural death it 1s not to be supposed that the owner would endeavor lo get another white elepbant. So with the stock- holders of the Academy. Their clephant «= gone and they are not at all likely to look out for another. If a new opera house is to be built at all it ought to be somewhere up town and more in the direct path of travel. The old Academy was not only out of the way, but it was entirely unsuited for the purposes of an opera house. It destroyed the voices of a score of artists and ruined several managers. We hope, therefore, that if the stockholders are going to use their money for this purpose they will build a house something on the plan of the French theatre or the new Fourteenth street Opera House in some other qaarter. The attempt to reconstruct the old building on Irving place would be absurd Indeed, we believe that the Inspectors of Build- ings bave pronounced it dangerous to use the present walls of the burned building; and even if it ehould be rebuilt the public cammever have any confidence in it. It is more tham probable that the stockholders, so far from raising aay more money to build another Academy in these somewhat panicky times, will employ the amount they bave secured by the insuragce for other purposes, Wao w Resronsiscz ror ras Rise 1m Gotpt— Daring the present week gold’has suddenly risen from 130% to 139% and the export of apecle within the last eight days bas aggregated $13,934,761. Meanwhile the Treasury has beena seller of coin toan amount, it is supposed, not far ebort of thirty miflions; but it bas now abandoned the gold market, finding itself. pow- erless to control it. The direct consequence of these sales has been a sharp pinch in the money market'and a general disturbance of prices os the Stock Exchange. Moreover, they were. to some extent the cause of the large exports of gold, for by keeping the premium forcibly down. the government widened the difference in price between our securities here and abroad to the disadvantage of the home market and induced the far-seelng foreign bankers among us to bay and ship as much coin as they could while the price remained low. fi It is somewhat remarkable that the Secretary of the Treasury should have ventured with only fifty miltions of gold in his possession to under- take the control of the premium at a time when European affairs were so threatening. That it was an unfortunate blunder the sequel has proved. The Treasury has exhausted itselt in an impotent effort to de that which it should never have attempted, and this should be warm ing enough against any future interference of the kind. The laws: of supply and demand regulate the price of gold as muck as that of any othercommodity, and the Treas- ury cannot thwart their action with impunity. Gold would not have risen to its present point bad it mot beem for the injudicious. course of the Treasury; neither would the busir+ss interests. of the country have beer jeopardized by a monctary spasm which in- volved the risk of » serious panic. Tae rise of the premiam, under such advices: as. we have latterly rece!ved from Europe, waa natural, and in some degree, if left to: the operation of legitimate causes, it would have — acted as a salety valve in checking the return of our securities. It is a source of considera~ ble surprise to most people that the Treasury broker should have sald about fifteen millions of coin after the news by the Cuba had. ar tived and when the hopelessness of the gor- ernment further strugg! ng against the market was obvious. The Secretary should hase known that he woold have exerted a far greater control over the premium by retaining than by selling his gold, and the lesson, wa trust, will not be lost upon him. Inaugeration of the Theatre. ‘To-morrow night the new Freach theatre will: open: ite doors to the beat society in town, anxious to. witnens the first performance on this truly beautiful stago: All the decorative arrangements have been completed. in. time; and the magpificent auditorinm, repieto with every com. fort and modern improvemont, will Jisplay, in & manner unparalleled boforo sa any Arnerican theatro, ail the ete- gance and fashiea which tho good taste and rednemeat of our metropolis contain. Messrs. Juignet & Drivet have been making extraor dinary preparations to give this first representation all the splendor whieh tho public aro ogtitlod to expect. The entertainment will open with the charming comedy of Nee Allites, one of the goms of the repertoirs im which Mr. Pol Morcior has al. ready dGuplayed that exquisite wit and humor whieh have placed him among the first im the profession, Mme. Larmet, whom we have had many oecasions to ad- wire as a charming artiste, full of natural impulse aed dramatic power, will appear in the part of Mme. Dotey, the captivating widow. Ir. Chagpnin is to play, for the first time, the part of Philippe de Mansy. We need not add that this part of the performance couk! hardly be im better hands. Nos Alliées will be followed by Les Bon- dereous Howrgeois, one of the best doufies im the Freach repertoire, which has delighted young and old for the last twenty years and is still #0 full of aovel incidents and attractions that the Bouffe: Pavisiens have lately brought it out with unprecedented succes, The now French theatre, with an excellent troupe of first class. artists, is destined hereafter to oceupy # prominent po- sition in the theatrical entertainments of the metropotia and through the careful selection of ite porfurmances, will hold tbo first rank among those elasses of society: which value education and refmement of taste above all things. Independent of the ¥ronch troupe of Mossra. Juignet & Drivet, to which important additions have already been made, acomplete French operatic troupe will make ite debut in the fall and for the Grst time in America we ‘shall have an opportunity to enjoy im the same house—as in the case with the clelebrated Grand theatre of Brunsela— the opera and the comic opera, the exquisite repertore of which latter reminds us by anticipation of the charming entertainments held in store by the coming represeata- tions of Les Mowsquetaires de la Reine, Zampa, Gil Rewis- sour, Le Chalet, La Fee aus Roses, Le Cheval de Brose and scores of others. For next Monday is annouacea ‘Phe Doctor of Alcantara, and for Tuesday, Moliere’s Tar. tuffe, one of the gems of the Theatre Francais, for the Tepresentation of which unusual dramatic pomers are New Frence Custcat Lacronss at twa Stars Hoserrat.—Dr. Joba Murray Camnochan, the eminent surgeos. commences : tions by one of the first surgeons of of hearing such valuable jnstrucuon from the bedside of the patient asm given by the most famous schools of medical practice in Europe, and after the manner of the ‘most capable medical profeasars of the age. Dr. Carno. ehan's lectures ought to be looked after elneely by medi cal students who were temporarily deprived of assistance by the Fourteenth street fire. Mr. Cuasrrac at tam BRooniry Acansxt of Meme. — ‘The Streets of Now York, with Mossrs. F. 8. Chanfraa, C. T. Parsloe, Jr., and others im the cast, will be given at the Brooklyn Academy of Music this evening, under Mr. Clifton M. Taylowre's management. For Mr. Ubanfrea's cloning bill on Saturday might the comedy of Gam and the local sketch of Mose will be presented # Hi