The New York Herald Newspaper, July 2, 1866, Page 2

2 FINANCIAL AND COMMERCIAL. Buxpay, July 1, 1866. ‘There bas been a quiet market for gold and a dull one for stocks durng the week. The subsidence of the export demand for specie checked speculation for @ rise, but without forcing a decline, the range of the premium having beon from 151 to.167, and the closing price 15334. ‘The prespect of the passage of the new tarifl and the consequent rush to take goods affected by it out Of bond give firmness to the market, That the new bill will apply to g-ods in bond equally with fresh im- portations is c-riaim, and the value of the bonded goods at this port is estimated at thirty-five mil lions, while it is Probable that at least hall, aad possibly three-fourths, of the whole will be touched by the amended tariff, an amount calculated to tavolve a sudden demand for from ten to fifteen m i- Hons of gould with which to pay duties in anticipation of the bill coming into force, The laiter jp a monstrous piece of protection rk, which poeitive Aiscred t upon its co ie 1p of contri- ations from interested parties, who all hope to bo beno- fited by its operation, at the expense of the people. lt 14 m conflict with the modern spirit of potitical economy, ‘and is, in short, » mass of political jobbery. It is the work of s Congress which disregards tho rights and totorests of the people and spawns upon them abomvatious But however long suffering the groat army of taxpayers—the people—may appear they will some day inflict retributton through the Ballot box. The willingness with which they bave thus far submitted 10 be tie most heavily taxed natin in the world will not ulways characterize them, and a complete revolution im Jungress will mark the beginning of great evanges in cur financial system, involving @ rigid economy in public erpenditure and @ heavy reduction of taxation ani the rate of interest on the public debt ‘The untional banking syetem, too, so far as its c'rcula- tion i concerned, will be swept away as a dangerous fncubus, aud te polittal watchword of the hour will be “Retr vent or repudiation.” ‘Tho noxt news (rom Bvrope now due ia not expected to be Anan latly »cfa orable, because it will be partly in Fesponse to 2 (oer quotation for gold on this side than was before reorived: but (he steamer due a week hence will reflect the lufluence of the report that gold bad risen to 165*4 in New York, American secunit.es abroad would naturally «ympathize with this advance, and it would be uursasonabie not to look for # correspond. ing decline of prices in consequence. One grave evit which atteniis (ho fact of our secarities being boid largely abeenl, and expecially in Germany, is the fncreased dan er of their sudden return to us, owing to Germany beg 'v a state of war; not by the act of the private holders thereof, but by that of the belligerent governmen's. The impoverished condition of Austrian finances is as well known as the hopeless semi-bankruptey of Italy ‘and the preesug need of money under which even Progsia, the moot well-to-do of ail the German Powers, finds herself 1 the pregoat time, Specie is strendy at a high premium in tly und throughout the Austrian do- minions, while a forced loan has been levied n Veno- tia—and be it rememb red that forced loans are regarded as levitimate methods of rasing tho sinews of war tn Contivey al Rurope, while all the gold and silver fn a country at war is looked upon pretty much as pub lic property and appropriated by the government accord- ingly. 11 ts easy, therefore, to see that where it would be dangerous to hold specie on account ot sei it would be almost equally unsafe to bold five-twenty bonds of the United States, which could be sold for @pecio by mirety sending them to Now York. The necessities of ail the parties to th's European war, already urgout, wit! be increased in proportion as the atragglo 1s prolonged, aud nothing that can be so convenientiy converted into hard cash as Un ted States Securities will probably be spared by the despotic Powers concerned, and in Austria and Prussia probably consider. ably more (ian balf of all our securities in Borope are hela We Lave from ihe beginning of the export of our bonds pointed out the danger invulved thercin; for we are always lisble to their sudden return in amounts larger than we might fiud it convenient to pay. It is rumored that the Secretary 0’ the Treasury feels 80 much @nxiety about the foreign market for our bonds that he hasan agent oo the London Stock Exchange to manipulate 1t, but as this is just as hazardous and no more likely to ‘be ultimately successful than hie manipulation of the g0ld market here, we Lope the report ts incorrect. Were it not thas our debt isso largely held in Germany, and ‘thet continental governments have @ habit of |ok ng epon private nnd public property without much distinc- tion in war tit, thore would be no reason why we whould look forward Ww the threatened hostilities with the lightest dread. Even, however, if Austria should collect from her people and send back te us hundred talltions of our bonds, the effect would not be to disturb ‘our internal trado or the condition of our money market. It would be felt nimost entirely in the markets for gold, foreign exchang® and government securities, and would have no direct influence in umpairing the publ o oreait, The rine in gold would, however, exert an un- favorable tnfuencs in stimulating wild epeculution and high prices, although i would encourage oxporta, On the Stock Exchango holders show no disposition to realize at the current prices, and therefore, notwith. @anding business fanguishes, stocks are very firmly {held Ie anti ipation of a rise when the market becomes more active. Erie was the most excited of the ra.lway @hares last weer, aad advanced about two per cont wader purchases to €0\ er ehort contracts, A new phase of sho Harlem “corner’’ ts the declaration Of @ dividend of our por cent on the proferred and com. mon stock of the company, payable on the 81 insiant, ‘The parties who ‘cornered’ Harlem were sadiiled w.to the whole of the oonmon stock after having taken from the ponkom of the street all that they could by far moans ortoul. Th y found thomeoWwes without @ mar- kket for , and have kept it from that day to thia Theso en control ihe ianagome st of the Harlem Railway, ont with @ view to secure a dividend on their common sock geoon af possiblo thay suspouded dividends on the pre- ferred stock, although the company was considered to be im & condition to pay one As the charter oat the road does not permit a dividend to be paid on the comion stock that Is not paid on the Preferred, the rovult is a dociaration of a ualform divi- @end now on both. This caw goos to ehow how mush eallway manageicent in this country is governed by Wall erent, and how tho policy of railway directors may be made to contribute to the Alling of their own purses, re- gardiess of every ocher consideration. At ve o'clock on “aturtay the stock market elosod ult ba: steady at (ne following quotations: —New York Contra! 08% 2 i, Eric 624 & 3%, Hudson River 11150 MB, Reading 104% 2 106 (ex divxtend of five per cent), Miohigan Boutbern 191; 9 4, Cleveland and Pittsburg 63 | 0, Rook Island 03% 9 04, Northwestern 30 a i —pro- ferred 69 a 44, Fort Wayne (ox quarterly dividend of 254 per cont) 0654 0X, Ohio and Mississipp! certificates 25 5 08%. ‘The money market was throughout easy at 405 per ent for call lous, and Aret clase commureial paper passed at 56.96 por cont discount, The general markets wore somowhnl unsottied during the week, owing to an- cortainty with roger 10 the course of gold. Tho dry | goeds trade was dull, and prices were barely sustained. | Ab the same time that buyer are keoping out of tho market ea much as pomible holders are indimpused to make concessions. Foreign cxchaugo was dull and somewhat drooping, end bankers’ bills on England at sixty days ranged from 108% to 109. ‘The demand for gold to pay cust ma Gatien continue: moderately large, the total for the week having besn £2,002 264, ‘The quotations of (he seading stocks sold at the first eeasion of tho Stock Exchange at the Close of each of the last four weeks wore aa follows :— Berks. June 9. June 10, Sune 29, June 30 - 19% 190 «(12h (98, bi a Torre Hau.e pref 63 = 8. | ma | Ba | 0 w 4 165, 12 | 120% | 18 | i’ iwankoo & St. Paul prt my | ‘artposa Mining. .. 10% laripoma pro.erred.... my iow York Convral RR, Pay ‘ow York & Bre RR. 01% Row York & Brie prof. eel jo & Missiaaippl cor, ang fe Mate... a | Pittaborg & Fort Wayne. 06% oy ickallver ‘ining BL a | ing RR 109% Ul bis | Of corporations oF im | Of the United Stator, where the whol Government securttiog were quoted om each Saturday ot the past four weeks as follows — 9. Sune 16. June 23. June 30. sixes Mao MOK «110% LLL W610 13000 1a, 129 96: 96: OTK loz = 103K NK Pive-twenties of 18641023, 102% 102% 108; Five-twenties of 1865.102% 102% 102% 103% TandS 10the,lst series 1025 «102K, 10344 Tand 3-10tha.24 series. 1023; 107% «102% 10854 T und S-L0chs,8d series. 102 2% 103 The shipments of specie from this port last week and during the year to date compare as follows with the oor- responding periods in 1864 and 1865:— s ‘Twonty-sixth week. . 657 $100,289 §=—- $550. 674 Provicasly ripasted. serene 17,914,488 45 122,216 From Jan.1 to date, $20,268,846 $18,014,117 $45,672,788 ‘The total imports at this port for the week ending Jane 29 compare as follows with the two previous weeks :— June. June 22. June 29. $2,009,003 $2,074,282 $1,278,778 Genear merchandise, TON 142 AOTROOL 1,734,827 Total... $0,065,745 $0,140,943 $3,013,605 The tmports of foreign dry goods compare as follows with former retarns:— For the Wet: 1864. 1865, 1866. Entered at the port, ,. $1,796,004 §1,840.192 $1,278,778 Thrown op market. 819,623 1,704,802 1,066,717 Since Jan 1. Entored at thp port. $45,730,565 $23,228,157 $68,201,651 Thrown on market.. 43.053,150 27,824,653 64,261,776 In the matter of the lease of the Catawisea Railway by the Atlantio and Great Western Compauy the Supreme Court of Pennsylvania has just pronounced a decision in favor of the latter and the validity of the contract, Justice Read d seating. Two decisions upon points in- volved in the same caze were rendered, the text of whica is as follows :— The Commonweal'h of Penn-ylvania ex vel. Attorney Gneral v. The Atlawic and Geat Wes'ern Raileay Comp ny,—Intormation and suggestion in nature of qua warrant». Chief Justice Wood «ard pronounced the (ol. lowing decision per evriam:—The case having been fully argued and considered, we are of opinion, Fir.t—That the instrument called a certificate of con- olidaton of the Atinntic and Great Western Ratlway Company, dated 19th of August, 1366, was a lawful and valio ‘nstrument for the purposo therein expressed, and, upon being tiled in the office of the Secretary of the Coinmons eaitb, ted the defendants a legal cor- poration in the § psy iv ALi, Svond—That 1 record is well replied to by the de endants’ pleas, and the demurrer to the replica'ion mast be overruled; but the defondanis have leave to re- join that there ig such a record with & pro ut patel record. Thi d—Ii in support of such rejoinder the de- fendants shalt produce the contract of agreemont and act of consolidation set forth in answer to the oyer craved by the Attorney Goneral, with evidence that the same was deposited with the ‘Secretary of State in his oflice, on the Sd day of October, 1865, the opinion of this Court wili be that the defendants have fully com- plied with the requirements. of law in respect to said in- strament; that it became then and there the duty of the Secreiary of the Commonwealth to fie the same of record; that, as against the Commonwealth, tho legal presutption must be that the Secretary performed his duty, and fled the same of record, and that it retained and Bill remains fied of record in his office, and jude- mest will accordingly be outer d for the detendants ujon inspection o: the Insirament ands ch prool, If, in the ‘op bion of coonee!, any indorsement of the date of filing by th» Secretary bo necessary, @ inandamus would Le to command bita to add tie appropriate date, and to per- form every other necessary act in the premises. ‘The Philufetphia aud Erie Railroad Company and the Pennavivania road Company r7. The Catawiees Rail road Company, and the Wesvern Central Raiiroad O pany of Penn-ylvania, and the Atlantic aud Great West- ern Railway Company of the Siaies of Ohio, New York and Penusylvania Andrew Scott vs, tie ame defend- ants. Two billa in equity, on appeai trom the deores of the Court of Nisi Prias of Phiiado!phia, sitting 1p equity; Woodward, C.J. An opinion will be filed 10 the above cases, atthe next term of this court, to be held ut Piits burg, on the third Monday of Ociober vext, in which the following conclus.ons will bo explained ‘snd justi being private partics, and not representatives of the Commonwealth of Pennsylvanin, have no right to draw Into question the corporate existence d+ jure of the At- tantio and Gr at Western Railroad Company. nd—That it appearing that Androw Scott is not the owner of any stock in the sad company, he has 7 eee ‘ o_thas the lenge and eoatenanauede tho thor. of November, 1866, betwoen the Ontawissa Railroad Company of the first part, and the Atlantic and Great ‘Westen Railroad Company’ of the States of Ohio, New has been showa for a decree at has been cancetied or anal sowth——That the of agreement mado the Slat of October, 1860, between the Sunbury and Erie pany rst part, and the Catawissa part, ws lawfal and valid for the term of twenty yours from its date, and that all the rights and intore<ts of the Cattawissa Kallroad Com. [venom ager anernrde toand become ee ae as aud Western Rallroud PT That under the several contracts and agree- ments, and withia the meaning of the act of Assembly the bila aid enters, the'Phdadeiphia and Rrie Rativoad 1 ans ie comnets the Catawissa Railroad with the Atlantic and Great Western Railroad, notwithstanding the diversity of aalie taken >, here decreed tha: each of said plaintiff's bills 'be dismissed, at the costs of the plaintiff respectiv Srate oy New Yorx, Comrrrorzen's Orrics, ‘Araavy, June 28, 1568. direct the of law which trotier from time to time to transmit forms: i tions to (he assessors ghout the and which require asses ors to be orned thereby, the Comptro!- Jer deema it bis duty to call tho attention to the requ rements of chapter 751, laws of 1566, tating to the az-esrment and trxation of the sharehold= par value, as a fixed would resart ina discrimina- Niew in favor of banke holding large amounts 0. surpins funds, aud aj others not similarly situated. Azses- 4 decide-as to the valus on the best information Prop’r evidence that the capital impaired, through losses actuaily charged over on the books, ‘The ‘Comptrotior i iufurued that in sovoral counties the nr fes-ors ure disposed to assess bank shares at a price mach lone than the J oye og bye ne yetneog so doing they wou to personal of bank ab vidual = im the ares, the same advantage preperty. in oroportion of which on at wi we Bae e fed, bud tharetore not assessed or ta: nothing in theeet which justifies © loose & mode of agsextment. provision Inthe pny rycen pre tigednepere ee chien than ip assorsed upon other moneyed captial in of individu ate” evidently refers to the rate per cen! pp not to the amount of the ass-erment. i i i i Fe } gz g & Ini 23 253 32 FE 5 rs i 2 or effects in the district where law were administered on the inference stated, shareholders would give reshient & privilege not towed by non resx and thee result in an inequality whieh it may be the jistature: have another dd not intend to sanction, It would bad effrot, ascumo and pay tho taxes levied on the respective interests of their sharebo: ‘ag it Wo believed most of them will do, provided the valuat on of tho personal pi : A soparste and distinct item. If mingled with other Porty, subject to deduction for it would be dim. cult, fi not Impossible, to separate i the mass an: ertan the oxact amount of tax with which it was hergeable. Thux, any benofit and convenionce to be de. Tived from an assumption of the tax by the banks would bo vost, Practically the question is of po importance, ¢ cept to the few taxpayers, where debts exceed the value of their personal property other than beok stook, To the great inajor ty the right Of offset would be of no advan. tac if ndmitied, wh-le it would create inequalities and embarrae-men's that would render the administration of the law more diffi alt. Tarim No deduction should be allowed for the pro- Portionaty interest of # eharcholder in the stock or bonds of he United States corporation, It is true that ‘hese seonrivies xed, evcher in the hands tthe Sapreme Court of the | hited States, in 1 Van Allen va Nolat et al. asseseors, has decided that a tax on the shares is neltoer a tax of the capi al of the bank nor of the «ooks jon of the cap tal may be invested in such stocks. However opin- fons may have differed on this subject, the case referred to must be taken as an muthoriative decision of the ques ton, whieh leaves the whole of the interest of the Bharebolder subject to the tx Fo rt—In the case of individanl bankers, the act contemplates that they are to b+ amemed in the samo First—That the plawmtif in the above bills in equity | NEW YORK HERALD, way ag banks and banking ‘This appears evideat from the fact that they may Bot issue certifieaies of stocs, cach fof their for the rpoxe of taxation, is tobe held and as one Individual bare, and the shares are declared to be per sonal property’ It should be understood, however, that the torm ‘individual banker” does not ivclude per- s F F H Hy rT; . i a F be avoided fund privileges, as provided in Sas posed in the usual form a ftion or sasessment. The stocks of the being exempt frum taxation, they could not properly be included in tue assessment and.must therefore scape. on United States It is equally clear that these securities, a2 owned by do not come within the sco ve of the de- referred instituton, but that, on the contrary, ibe new use and application of these securities, conferred by the clarter of Une association. Ax there is no use oF application of the indelteduess of the government opem to savings banks excupt such as ts enjoyed in common with mdividuais—tat is, the right of holding them for the purpose of investmont—it seems piala that they are as fully exempied from local taxation in the one case as iu the otuer, THOU, HILLHOUSE, Comptrolier, COMMERUIAL REPOW Sarvepay, June 80—6 P.M Brravsrorrs.—Recoipts, 7,205 bbis, flour, 590 do. corn meal, 66,423 bushels corn, 64,407 do, oxts, and 6,280 do. rye. Prime parceis of State and Wee a flour continued moderately active agd firm, while inferior and common qualities were steady with eaies of 9,000 bbl, at our subjoined quotations, Southern flour continued quiet at unchanged prices. Sales, 450 bbia, In Canada fivur only a moderate business was done, but the inarket ruled steady, with sales of 300 bbls. Rye flour was dull and nominally uncbanged. Corn meal was in good de- mand and the market was firm. Sales, 1,700 bbls, chieily Brandywine, at $5 25, aud calorie at $510. We Oto :— fine and Western flour. .$6 25 0 $7 50 Extra State. 7600 865 Choice Biate 8 00 a 10 00 Coromon to mediam extra W + Tha 9 66 Extra rornd hoop Ohio, 8008 1000 Western trade brands, 10 05 a 18 1% Common Southern. -10 Wa 1h Fancy and extra do. [11 80 a 17 00 Common Canadan ose 8 T5 a 10 25 Good to choice and extra. +10 20 a 15 86 Rye flour (superdne) + 6602 700 Corn meal, Jersey 5400 425 Corn meai, Brandywine. 4604 450 Corn meal, puncheons...... ‘ —Wheat continved vory quiet, but holders were very firm, still refusing to grant any conccesions in order to effect sales, which comprised only 7,500 bushels choice new No, 1 Milwaukee ut $225 —this price an extreme. Corn was quiet, and prices declined 1c., with sales of 150,000 bushels, including 99,000 buchels chipping Westera at &5e. for al! next month, buyer's option; alco 86,6. a 8Ic. for sound new muxed Western, and be. for untound do, Oats were dali aud lower, At S20, a S4e, for now Western—a decline of le, Of rye we have ouly to report sales of 9,600 bushels West rn at $153 for Stat» amd $105 for Wortern. Baricy aud barley malt continued dull and nom/nai. Corrme was unsalab'e and prices coutmued nominal. ‘The tendeacy was decidedly downward for all qualities, excepting prime and chuics, which were beld with firm- hoes wt previous Fates, We note the arrival of 3,818 bags Rio, ex Wayfarer, Stock of this descripon, 181,077 orton continued inactive, and the few sales made were at @ — the market closing nominal at our sa quotations, with sales of 710 ha! '@ quote : Upland. Viorida. ey nN. an 3 2 35 aT aT Good middling. 38 8 38 “ Fraianrs were firmer unler a scervity of roora on p=" Poe Grote pare 7,000 do. pecs a ‘ aon at 1s. 6d., 0nd at 6L To S328 >eeas sat | Malden, coal, a coal, $2 40; one from 0c’; ono from’ Elizxbeth- Blizabethport to Boston, We only heart of sales of 100 hhda. Porto Rico at Tic. a 800. We quote:—Cuba mus- covade at 44c.-a 60e., clayed at &e. 0 50e., coutrifugal at ‘88e, # 46c., Porto Rico at 46c, a Toc. Nava. Stowes.—In spirite turpentine there was - ated steady at 820, # Bic, with no important transactions. wo notice eales of 200 bbl. pale at $9. and 100 bila, strained reported at §3 26, Tar was firm at our leet leek, Ona —Linaeed was in fair demand ond in orushers Gemanding $1 804 $1 S1 in carks and barrels, with ales of about 10,000 gallons at $1 75. In other kinds we beard of no mmportant rales. Provuitons, —Recoipts, 00 packages cut ments bic. lard. The market for pork opened son heavy, with a limited demand, but subsequently r 5 Closing Orm at $32 reguiar fer new mess, with fair busi- noes trangacted, the sates belug fully 11,000 bola, on the spot, ot 81 7h a $42 for new mors, $29 60 o G80 for old mers, ond $26 25 @ $26 60 for prime; ale, for future delivery, 600 bbie, now mesa, for July, at $52 25, buyer's option. Beet was in moderate demand and firma, with sales of 700 bbis. ui $16 4 $21 50 jor new plain moss and $20 60 a $24 60 for new extra do, Reef hame wore dull aud nominally unchanged. (Cut meats were steady. at 17e, a 19340, for hams avd 130. al5\Ke. for foal, sales of 600 pkgs. within the range, bacon wo have only to report Rules of 40,000 Iba roval widen at 14460, Lard wae dull feareety eo fru; sales, 600 bois. 22n, , Butter was heavy, with vut hile ». ade, for Western and ‘ihe, a 400 for Cheese was dull and yor tc. a2le. Total & z bebe $ Ey i a ‘3 fee at jae 1256: Mo. @ 12960. Wine continued Quiet at $2 26 for sales of 300 bbls, inciuding 260 bbis., in bond. at Cricket. ST. GRORGR VS. PUILADRLPUIA. ‘The annual match between these leading cricket clubs took place at Hoboken on the 27th and 28th inst., when the Philadelphiens met with & most signal defeat. St. ‘wou by ten wickets, tell tale: ‘The following score will Ployers, The Philadelphians followed their innings, and made 108 runa SECOND EXMINGR, Sore, Total “ . to get to wim They sént it, and after a wide ball and St, George had four rm Gordon and Gisborne to the a bys, Gordon mado four ram by a splendid equare leg it, tho St. George thus winning the game by ten wikew MONDAY, JULY 2, 1866. | 14 Dexparch boats, olght guns each WAR POWER OF THE BELLIGERENTS. THEIR ARMIES AND NAVIES. ‘The latest European advices seem to indicate that the war cloud which has beea gathering over the continent for some time past is about to burst, and it is probable that our next (ntelligence will be that Prussia and Italy have arrayed themselves in open conflics with the power of Austria What side the Imperial Sphinx who rules the destinies of France will take it is not diffioult to guess, judging by his recent speech to the otizens of Auxerre, In that speech be said thathe, in common with themselves, detested the treaties of 1816, which, being translated into plain Eng!sh, means that the ruler of France will support Prussia and Italy im their endeavor to humble to the dast the prinolpal party to those trea- tea fhe utterance of no European monarch has ever caused such tremendous sensation as these few words of Napoleon ILL, and this is not to be wondered at when wo consider tbat he is practically the arbiter of Eurupe, and that, despite the enormous military power of Aus- tria, whatever sido France takes is pretty sure to win the day. Then comes, a3 in the case of Savoy after the Ttaiian war, a large accession of territory aud power to Prance, and, after that, who knows bat this warrior for *sjdeas” wit] tarn his attontion to the other parties to the treaties of 1815—England, for instanoe--if he be not ousted from his throne tm the meanwhile, by the smouldering fires of revolution, which lack but a breath to fan thom into flames. Should hostilities be continued for avy length of time between the Powers we have moutioned, all Continental Europe would be in a blazo, and it would be a matter of difficulty for oven England or the Northern Powers of Denmark, Norway and Swe- den to «scape the general conflagration, Evol now, be- fore the war has commenced, Russia is arming and eagerly watebing for a chance to appropriate a “slice of \t Tarkey”” which on @ formor occasion she was pre~ veuled from g bbling up by the interference of En «land, France and Sardinia, The Sorvians and othors on the Turkish border aro watching with the same charitable intention, while ite Denmark only wants a chan:e to pitch Into either of the big bullies who so lately de- spoil d her and are now quarreiiing over their plunder, England all this time has nothing to say in the matter, and nobody asks her for an opwion, thas conclusively showing that the Jafluenco of En;land on the polities of Enrope ls a thing of the past. She prates about rmain- taining a strict neutrality, and well sho may, for with the Fenians to keep ber busy in Ireland and the disaf- fected spirit of ber Canadian and Australian possessions, it would be rather a hazardous experiment for her to venture on any tnter(erence with the afairs of neighbor- ing nations, THE NAVIES. ‘The majority of people are conversant with the mili- tary strencth of the four Powers who are expecied to open the bail at which all Europe is to bo entertained, but very fow have any idea as to what their chances would bo at sea; and, although the war betwooa then woald be carriod on to a great oxtent on terra firma, yet a2 ail of them are possessed of formidable navies, it is certain that there also will bo consider. blo sea fighting. Tn viow of these facts wo now present our readers with sowie interesting date concerning the naval power of the countries upon which the eyes of all the world are bow turned. The Royal Itolian N°*¥* The navy of Italy is of very p-*ht growth, having oon called into existonee gin~ te revolution which transformed Victor Emap-“t from tho monarch of one Of the smallest of Baan Kingdoms to the king of an almost United Itetv. At the time of the revolution the Sardinian ner¥ Consisted of ix steam frigates, four sailing frigetes, three steam and four sailing corvettes, three eceam deepaich veesels, three steam transporte, one ‘ug and four brigantines; making tn alt twenty-eight versels, carrying one hundred and thirty-six guns aod two ssvusend nine handred and twenty-two men Ite pereoanel consisted of one vice-adwiral, two rear- admirals, goven captains of ships of line, eight captains of frigates and eight captains of corvettes, ‘To this was added the navics of the Two Sicilies and Napies, The former consisted of two ships of the line, one of ninety and the other eighty guns; two sixty-four gon frigates, one forty-eight gun frigate, two forty-one gun frigates, two corvettes, a mortar yeasel, five brigat- Uunev and two schooners, They were all sailing vemels and carried about five hundred guns. The Neapolitans hed fourteen steam frigates, four eteam cor, eties, elcven steam gunboats, three trausports, ten mortar vessels and thirty smaller craft, carrying Paixhen gune; making a total of seventy-two vessels, carrying Feven-hundred and sixty-three guns Tt will thus be seen that the three navies combined emonnted to one hundred and seventeen vessels, oarry- ing one (hoasand three hundred and ninety-nine guns; quite a formidable force, if they had been modera built, but most of them wero very autiquated sailing eraft, and the #teaim veseels tp thelr possession were nearly aseless, owing to the old-fashioned machinery and clumsy Latteries with which they were supplied Shortly -aftor the peace of Villafranca the Navy De- Tarimwent of Italy, belng Impressed with the importauce of an efficient navy to a young power, ordered to be con- structed at different navy yards in V'rance, England and Scottand, a fleet of twenty-four first claas tron cased frigates, one second class tron-caved frigate, six iron- caged gunboata, six iron-cased battertes, two wooden serew frigates, twelve corvettes, twelve guabeats, Aiteon despatcls boats, fourteen transport ships and nine steara- tugs, al! built of wood, This splendid foot of one bi dred and ore vessels was-to be completed and delivered witlan ten yoam, Upwards of eeventy of them have been turned over to the Italian government by the con- tractors, and aro now afloat, manned by Italien sailors and provided with batteries of the most approved de- scription, The premier vessels of the Italian navy are the Ré d'ltaha and the 26 Laigt di Portigatio, bailt in New York. They ace both forty gun frigates, Iron-cased, and of five thousand five hundred tons measurement. ‘The Ré d'Italia is the swifier of the two and is conse- quently the favorite; bot the Italian officials are onan!- mous in thelr declarations that they are both infinitely superior to those furnished by France and England. ‘Thia toe mort gratifying Met to Americana, showing, as it does, that we are excelling the old established powers of Earope in the art of building war vessels, as well aa im everything else, whore skill, ingenuity and persever- ance ary required, Ty an official atatement dated April 2, 1966, we toarn that at that timo the number of Italian war vessels in Commission and equipped for active service was seventy. one, carrying one thousand one hundred and ninety. seven guns and twenty thousand six hundred and twenty-seven men, and of twenty-five thousand sight hundred and twenty horse power, The transport equad. ron consisted of twenty-four ships of four thousand three hundred and ninety horse power and manned with crews numbering three thousand two hundred and twenty mon, The Prussian Nevy- Prussia bas never ranked very bigh aaa naval power, which is, perhaps, attributable to her msulated situation; but, of late years, like all the other Powors of any stand- ing in Europe, sho has devoted much attention to the perfection of her naval armament, Ten years ago the Pruseian naval force consisted of fifty-two vessels, the majority of which were sailing ships, mounting one hundred and ninety guns, ‘The personnel at that time amounted to one thousand one hundred and eighty men and sixty.cix officers, In 1868 orders were isrued for the construction of the fullowing deet within @ given time:— Vocals. 12 Frigates, sixty gums each 10 Screw corvettes, twelve '& Scbooners, four guns each .. 20 Pra tice vessel, (wo gus eNch 10 86 Gonboats, Lares guns each, 108 WD Welntll cites <sctereressvoorsevovnes eer.) these have been cqgnpleted and added to thos making the entire Prassiaa naval force | amount to one hundred and thirty-four vessels, carrying ove thousand two hundred and eighty guna The per- womnet was at the same time iferoased to four tho sand six hundred and egbty-four men, The priveipal porte | of Prussia are Konigaberg, Stottin, Dantzig and Memel, | Great preparations deen going on at the latter | place, which I¢ the Prossian naval depot, ever since « | war became probable, and it is betioved that at the prea ent lime the entire naval force of Pras ts in such com. ¢ ition that very Little notice would suffice to enable it to ‘commence h stile operations. The Austrian Navy. ‘We will now proceed to glance at the maritime power which ts to be pitted against the colossal armaments we have enumerated above, In the middle ages Austria ranked high among the naval Powers of Europe, and in the wars of Christendom against the encroaching Turks the galleys of Austria were ever foremost in the fight. At the celebrated naval battle of Lepanto, Don John, of Austria, carried terror to the hearts of the infidels, and ‘at that critical period, whoa the followers of Mahomet seemed about to overrun Europe, the war galleys of Aus- tria and Venice were of incalculable service in staying thelr ravages on the seas. From a variety of causes, however, the Austrian naval power failed to keep pace with the advancement made in the art of ship building by other Powers, and, finally, her preatige as maritime nation died away. Of late years, however, Austria has become sensible of the im- portance of this branch of hor military service and has constructed a really formidable fleet of war vessel, Like all the rest of the continental Powers of Europe everything pertaining to the naval organization of Austria is kept as secret as pos- sibie, 60 that wt is @ matter of extreme difficulty to obtain any information as to what vessels are being constructed for her. However, it is known that there are now several iron-cased trigatea, which have been lately completed, Otting ‘or active service in an Austrian port, Within the past three years Austria Las built six fine screw frigates nd five tron clads, ‘The avy of Austria is, as far as cam be ascertained, as follows:— Vewele Qfrmgates, carrying.. C corvettes, carrying. 60 steamers, vundoats, &o., carrying. 9 steain tenders, carrying 2 mortar veesola, carryin, 7 br gs, carrying. . 6 bri antines, carrying 2 schooners, carryin 5 schooner brigs, carry.ug. LAL voswels, CAITYIDG sss eesereenenieee tone THE ARMIES. The Austrian Arm ORGANIZATION ANP STRE! o Tho Austrian army is raised by conscription. Substt- tution is allowed in time of perce by furnishing a subsii- tute or by paying a bounty of twelve bundred to fifteen hundred florins, or six hundred to seven hundred doliars to goverument, which re-cagages for this sum able and honorably disclarged solliers, Duration of service eight years and two years addi- tional for resorve Half Pay. Field Marshals... — Genorals of cavalry. 29 Pield Marshai Lieute: 123 General Majors... 1m Commanders of corps are cailed Feld Zeug Moisters (F. Z% M.); of divisions, Field Marshals Lieutenants (F. M. L); of brigades, Genoral Majors (G. M.) ‘The following table suows tho etreugth of the Austrian army :— Pence, ie nce, War Prog. Act War, mp?! y guard s] Line fafuntry 145,504 bf Greuz troops. 30 401 69,268 Tight infantry 24.710 B46 taukary compu 1,018 5,348 690,565 46 903 62,489 16,768 96 272 ertnd total....,... 281,781 701,905 The Prussian Army, ‘The Prussian army Consists in time of peace and war of ono corps dee gardes and eight provincial army corps. Fach corps is composed of two divisions of infantry, one Aiviston of cavalry, one brigade of artiliery, ono battalion of pioneers, one battalion of sharpshootrs aud one train battalion, Tue wholo army is commanded by ono goneral field marshal, one general fold zeugmeister (general quarter. mastor), thirty-Ave generals, fifty-eight Heutonant geno. tals (generals of division), ainety-seven general majors {generals of brigade), ono bundred and eightoon colonels of infantry, thirty-five colonels of cavalry, twonty-three colonels of artillery, twelve cotonels of ploneers and en- gineers and two colonels of train. ITS ORGANIZATION, Commander-tn-Chief in tho Eastern Commander—Generai von Bonin. First dis ision—Commander, General von Greishetm. Second diviston—Commander, vou wateid. ‘THIRD CORPS D'ARMBE—HEAPQUARTES, BERIT. Commander—trne* Frederis Carl of Prussia, Fifth division (Fruuk/ort)—Lieutsnant General von TEP Li visten (Brandenburg) —Lieutooant General yon Maurin. iM hack. Seventh dtvision (Madgeburg—Licutonant General von Fransecky. Eighth diviaton (Eefurt)—Ltoutenant General von Horn, FITH COCP* D'A MoR—WRADQUARTARS, POERY Commander—General von Btein cko. Ninth divtsion (Glogon}—Lieutevant General Schmidt, Tenth division ( }—LAeutenant General vou Kirch- ‘GIKTH CORPS D'ARMRE—-DMAPQUARTER®, BRELAU, Commander— General von Mutins. Kleventh division (Rreelsu)}—Licutenant Tecifth division (Neisse)—Lievtenant General von CORPS D'ARAKE—RA Todzynskt. SEVENTH \DQUARTERS, MUNSTER, Commandor—Genern! Vor e) von Finkenste:n. ‘Thirtecoth division (Munater)—-Lieuwtenant General von nr or division (Diaveldorf)—Lieutenant General ein ‘CORR "ARNE — tt) gourn anamm POU AREaRS, CORLENTS, Fifteenth divivion (Cologue)—Liutenant General von Gartringra. Ph ay division (Trdves)}—Liewtonant General von Ragiment. War, poe a 1 guard fasiicers. 8,067 DO guard infantry.........0006. 1,408 Mai Line a ee 72 timo infantey. 6 cc... TRG, 198 218,058 Chasseurs Battalions. Suan sharpabooias 8 chasseurs (Jager), 8,048 10 chasseurs and sharpahooters. 5,840 10, ‘Total of infantey.......++++.0K80411 255,600 ‘One regiment of dJafantry conmats, without officers, in time of peace, of 1,613 privates; iu time of war of 3,029 re OAV ALR. Guard Cavalry” Pac, War, . 603 ou 1g 12 1,788 1,818 “va 4,848 54 44 1130 508 7198 Ta72 0 25,408 000 006 3,090 3,090 Tm Saree cavaiey. oo renumenia 37,61 ; —- PISLD ARTILLERY. —In Peace, ~ —In Wor. decedent ta Ete : oe Sigo 6a oO Gold regimens ment, Every regiment has in peace Battal Compantes. Pence. War. T guard pi 4 495 06 8 pioneers. a2 «8.900 4088 ® battalions, re rt] 1 train... 2 188 _ 8 trains. . 16 «(1464-20800 @ battalions... ++. 18 1,047 © 80,280 ‘thorefore, is, im The total active field 1 ee v8 is, Bop 101,288 mon, 504 cannon; in war, pon. 'YIRST CALL OF LANDWEHR, OR FIRST FIELD RESERVE, ‘The first call or ban of the reserve consists of mem who have served three years in the regular army, an@ who are from twenty-three to thirty years of age. They 9 battabons 4518 Excra duty men.. 18 600 Total of first oall. 123,083 rRoore. 12 battalions guard reserve...... 182 12.078 104 oatialons provinoal reserve, .1,660 104,626 10 batialious cuaaseurs (Jager)... | — 4,028 ‘Aritliery. ——Pea0.—— ——- War, —— ca. Men, Cum; Aton. Garrison arttlery ofa gato” "US sr poe Laborers ia arsouals,, 6 48 1,20 Total......0.++ 0B 7,638 148 6 2at Pimeers. 2 companies pioneer reserves... ....+++.250 490 12 companies garrison pioneers. pa 3.64 TOTAL PTRENGTOL Peace. War, A—Standing (ficld) army.......... 190,383 205 B—First call of reserve (landwebr). — i2s,ea C—Garrwon LOOPSse..seeseeee serene 9580 168,708 Total (privates) 630,625 Onieers.. 10,008 Gens @armes.. 2,250 Fieta orderiies 22. 4,878 Total 12,631 651,879 S00 1ND ChiL (aWRITES AUTORDOT) OF LANDWEHR.” 116 battalions... sete seeeeeseceeren sees 06 TOTAL SERRNGIM OV THR PKUSSIANS, Army in war time, Armies of the Mi! eae German States tm 1865. STATES SOUTH OF THK MAIN LIN, AND GUPPOSED TO GO WITH AUSTRIA. BAVARIA, Population in 1864, 407,440, petite i ef "eace, ‘ar. M4 rosimenta......6556 esas 166,078 8 Rie batulions, ~ 4 Scouting companies. ; 0.17 - Cavalry, 12 rogimonts................. areee 9,276 20,658 yy Aregiments, with 136 (rein of "8,048 maea cad “sass 1 regiment 1.0.6, .006 seevee 2401 Sd ‘Total streavth of the Bavarian army in peace, men; in actual war, 208,714 men. i wis WURTEMBERG. Population im 1864, 1,748, 328. In’ War. Men. 20,100 oe 28,706 *vpnlation in 1864, 1 {8 poace, 7,008 mon; ‘GArONY. Population in 1864, 9,537,102; strength of the aragp— im P49, 25,806; in war, 60,702 men, se Totabf the German States south of the main hne—te peace, 14,017 men; in war, 303,639 mon. STATES ORTH OF THE MAIN LIMB, AND SUFTOBED TO oO WiTm Pause. 434,154; strength of the army— ir, 18,403. ‘Mavover. mame Army—in peace, 26,083 men; te OLDENaCRA. Population, 38 319; " wan j army—in peace, 4,007 men; ix Population—! lenburg-Strelitz, 09,0,; war, 13,000 ton, N. B—The army of Bai : ‘Swick. Par 209,088; arO_in pence, 2,720 men; to The army of Brunswick Pie plac fOr, a division of the Pres 592,612; Mook. army—in peaco, 6,603 men; @ MRSSE Casha Popalation, 745,063; army—in peace, ‘war, 28,906 mon. ‘6 men; to DARMSTADT. Population, 853,316; army—in peace, 11,700 men; ~ War, 20,600 men. SCHLES®-TOLATEIN. Population, 960,070; army—in peace, 6,000 men; im war, 12,000 mes. Smaller States in Central Germany, includiag he three free cities—Population in 1864, 1,342,600. Army contingent of the Gorman federal army, in pease, 6,020 men; in war, 17,600 men. Total military strength of all minor German Btatew north of the main line, in peace, 65,403 men; in war, 156,744 men, RRCAPITULATION. The annexed table exhibits the numerical scrength of the contending partios:— ‘AugTEMs AND ITS ALLIFS, Anstela proper. Bavaria. must be borne in mind that Austria will cortainiy have to contend against Italy, and perhaps be forced to keep a large dotachmont of her army in Hongary, in order to prevent another uprising against her guthority in thes country. Coroner's Inqaests. Rawme of Tur Stam Too Wromwe—Booy oF rae Fineaax Fouxp tx tax Exaurn Room, —On Saturday after- noon the steam tag Wyoming, which was sunk at piew 23 East river the night previous, was raised and the romains of Patrick Gillen, the fireman, who went down with the boat. wore found in the engine room. Coroner Gover yesterday helt an inquest, when it wpprared deceased was in tho habit of om (he tag Friday night the engineer directed the Gremao to the tanks with Croton water, and it is bolloved turning on the water deceased fell asleep in the room, The tanks filled the boat was water and tank, The jury rendered a verdict @ ntal drowning. sre lana an py Bative of Ireland. lt was uj on board when the Wyotniag went down, but fortanately such was not the case, ‘Tne Boor ov 4 Daowxen Max Recovenen.—On Wed- nesday inst Mr. James Lotta, brother of the late Edward Letts, formerly Captain of the Seventh precinct police, fell overboard from the foot of Ninety fifth street, Bart river, and was drowned. Tho body was yesterday re- covered, and an inquest will be held it by Coroser Gamble, The deceased was a well known citmen of Whe Seventh ward Deata oA Pouce Statiox.—On Saturday evening & Gorman, forty-five yoars of ago, named Frederick Hillier, was taken to the Stxth procinct station house In « grow state of Intoxication and placed ina cell. Some thre hours sub-eq-ently Hiller war discovered to We dew. Corgnor Wildey yesterday held an inquest on the boty and the jury rendered a verdict of doath f ox inteave- France aesk us uit