The New York Herald Newspaper, April 6, 1867, Page 6

6 NEW YORK HERALD. JAMES GORDUN BENNETT, 2 SPMOw aw PROPRIETOR OFFICE H.W. CORNER OP FULTON AND NASSAU STS. AMUSEMENTS THis AFTERNOON AND EVENING BROADWAY THEATRE, Broadway. near Broome street. —Fancuox. Matinee at Lig 0'Olock. NEW YORK THEATRE, Broadway, opposite New York Hotel.—Jsanus Duans. TRE FRANCAIS, Fourteenth cree near Sixth greta Mineaae Farr sus Dawts—Las Minis xe FOxT ‘WOOD'S TBEATRE, Broadway, te St. Nicholas’ Hotel.—East Lyxxe—Joun Warrs. SRRince at 13¢ 0’ Clock. OLYMPIC THEATRE. Broadway.—Crown Matinee at One o’Clock—Twx Docrox oF ALCANTARA. DODWORTH HALL, 405 Broadway.—Prorasson Hants wit Pxrvorw His Minaccxs—L’Escamateon 4xD His Faixy Suvgine Binp. Matinee at Two o'Clock. STEINWAY HALL, Fourteenth street and Fourth ave- 2, nue.—Cant Worsoun’s Granp Concen: IRVING HALL, Irving place.—Graxp Vocat axp In- srnuuextaL CONCERT. SAN FRANCIBCO LE teuargsired eeresee Soox-Ewotism Orana wira GEnma AGCEEE, * KELLY & LEON'S MINSTRELS, 790 Broadway, siletne Now York Howtos rants Som Daxgas. ‘popen. anor es, £0, —OinDus-Linow-MApAGascas Ba.ist Teours—Norua—Ioi t'on Parts Prancats, FIFTH AVENUE OPERA HOUSE, Nos. 2 and 4 West ‘Twenty-fourth street.—Gairem & Onarsrr's Minstre.s.— Ermoriay Muvsreeusy, Bai Buwiesques, £0.—Tax ‘Bop Bousex¥—Biaok CRoox. nee at 93, o' Clock. ASTOR'S OPERA HOUSE, 201 Bowery.—Coxro Necro Mi . Bogcesques, Batter Diver- 4c.—Tum River Kars or New York. Matinee at 23g o'Clock. CHARLEY WHITE’S COMBINATION TROUPE, at Mechanics’ Hall, 472 Broadway—In a Variety or Ligur ap Lavawasie ENTeRTAINMeNTS.—THe FEMALK CLERKS or Wasutncron. Matinee at 246 o'Clock. HOOLEY'S OPERA HOUSE, Brooklyn.—Erarortan Mix- Srresy, BALLADS AND BURLESQUES.—STREETS OF BROOKLYN Matinee at 25g o'Clock. THE BUNYAN TABLEAUX, Union Hall. corner of ‘Twenty-third stroet and Broadway, at 74.—Moving Mir- Ron OF THE Price's PROGRESS—Si<ty MAGNIFICENT ‘Somes. Matinee Wednesday and Saturday at 3 o'clock. NEW YORK MUSEUM OF ANATOMY. 619 Rroadway.— Bray ayo Tuane Awe o7 Puoner—inx Wasunwaron ‘wixs—Wonpens IN Natural History, S C1 Ant. Lrorvass Daur. ‘Open from @ A0M IOP) Me TRIPLE SHEET. New York, Saturday, April 6, 1867. == = NOTICE TO ADVERTISERS. Advertisers will please bear in mind that in order to havo their advertisements properly classi- fied they should be sent in before half-past eight ‘clock in the evening. EUROPE. ‘The news by the cable is dated last evening. ‘Mr. Duraali's budget gives genera! ‘satisfaction. The Geath of Dr. Livingstone, the African explorer, is con- @rmed. Colonel Mclvor, formerly a United States army officer, had been captured in the fight with the Fenians wearDublin. The North German Parliamont will ad- fourm om the 15th inst’ The Prussian government is about to raise a loan of 30,000,000 thalers. The cotton market was inactive, and closed quiet in Liverpool at 12344. for middling uplands, There was no change in the provision markets. Consels closed steady at 91 for money. United States fivetwenty bonds advanced %, and closed at 75% in London. They were selling at 78 in Frankfort, and closed at 84% in Paris. Our special European correspondence, by mail, dated io Paris, Vienna and Pesth, contains matter of much in- Cerest relative to the prospects of the permanency of the Bonaparte dynasty in France and the probability of the Hapsburgs reconstructing the Austrian empire on its anoient pivot basis, Hungary. §BTbe health of the Prince Imperial of France has sus- talned a severe shock by his recent illness, and his gen- eral delicacy of constitution gives omen, it is said, of an early death. It is thought that he will not outlive his father for any lengthened period, if indeed he is not taken off by disease before him, and after the demise of the father and son the succession to the Bonaparte throne, should it remain, will vest in Prince Napoleon, and our correspondent goes on to show how he might become very acceptable to the French nation, notwith- standing his acknowledged shortcomings. The Emperor Francis Joseph of Austria enjoyed a very gratifying reception in Pressburg, the ancient capital, and Pesth during bis vint to Hungary. His coronation as King of Hungary is likely to be a brilliant popular ovation. In Vienna the most marked official’ attentions were being paid tothe Italian Minister, while the coolness shown towards the Russian represontative was just as decided. It is thought that the Austrian empire will go toa speedy and compiete dissolution should it not be immediately knit together by a sharp war with either Russia or Prussia; a contest with Russia on the eastern frontier being the most likely. THE LEGISLATURE. In the Senate yesterday bills to facilitate the payment of taxes by railroad companies and authorizing the opening of Lafayette avenue, in Brooklyn, were ad- ‘vanced to a third reading. Bilis authorizing the general appropriation for the support of the State government, ‘and the preparation of a manual for the use of the Con- stitutional Convention; authorising the New York Super- visors to reconsider the action refunding certain taxes to banks; incorporating the New York and Long Island Bridge Company, and to amend the law regulating pilot- ‘ago in the port of New York were passed. The Assembly amendment to the bill incorporating the Soldiers’ Messenger Company was concurred in. A resolution was adopted calling upon Judge Connolly, of New York, for information in relation to the charges of the Metropotitan Police Board. In the evening session the Eight Hour Labor bill was considered in committee Of the whole and progress was reported. Bills to pro- vide for the registration of births, marriages and deaths; to amend the ect to change the route of the Broad- ‘way and Seventh Avenue Railroad; and to provide for an honorable testimonial to New York volunteers, were Teported, In the Assembly the Broadway Surface Railroad bill was passed by e vote of 79 to 37. The bills authorizing the construction of a railroad in avenue C, and incor- porating the East River Bridge Company were also parsed. In the evening session, bills in relation to public Parks in Brooklyn, and for the farther protection of fomale omployés in New York were passed. Bills for ~ the protection of Reman Oatholic children in New York, fnd for the better protection of persons travelling on Fourth avenue were reported. THE CITY. Collector Smythe has issued a circular to the mer- chante of the city requesting them to visit and inspect his new public stores, Ate mam meeting of tonanta and rent payers of the ‘Twenty -second ward last evening, a petition was adopted ‘and ordered to be sent to the Legisiatare praying relief from exorbitant rents, the pernicious system of agencies and the evils of sub-lotting. A draft of « pill to be ensetetty the Legislature was also presented, but it was not considered necessary to send it to that body. ‘The various radical republican district associations of the olty held primary elections last night of delegates to the convention at Syracuse, Sixty-three delegates and the eame number of alternates were chosen. ‘The mammoth steamer Great Kastern is due at this port, Jacob Gosche, the property man of the Academy of Musto, who was severely injured by the recent explosion tn that bullding, is frightfally disfigured, and lies ins very precatious Condition, Mr, Foti Campbell, one of the Brooklyn Fire Com- “missioners, was examined before Justice Buckley yester- day in that city, on a charge of having caused false warms of fire tobe rung. The farther hearing was set down for Friday next. , Inthe Supreme Court, Ciroult, Part 1, in the case of \petrioe Feanelly va. tho Contral Park, and North and NEW YORK HERALD, SATUKDAY, APRIL 6, 1867.—-TRIPLE SHEET. East River Railroad Company, the jury e yer dict for the plaintiff in the eumof \ | Phe action was brought for the benefit of the surviving minor chil- ‘drea of William Brophy, who was killed by being push- ed off by a conductor, and rum ovér by one of the de- fendant's cars on the night of March §, 1866, In the Common Pleas, part 1, yesterday, in the case of Byrnes, fondant neglecting to keep her house'tn proper repair, the jury returned « verdiet\ of $1,000 damages for ‘The General Transatlantic Company mail steamship Europe, Captain Lemaire, will sail from pier 60 North river, at eight o’eleck this morning, for Brest and Havre. ‘The mails for France will Close at the Post Office at siz o'clock A. M. ‘The fine steamship City of Paris, Captain Kennedy, of the Inman line; will sail st noon to-day from pier 45 North river, for Queenstown and Liverpool. The mails for Ireiand will close at the Post Office at half-past ten o'clock A. M. ‘The National Steam Navigation Company’s steam- ship England, Captain Grace, one of the finest vessels of ‘this hne, will leave pier 47 North river, at noon to-day, for Liverpool, calling at Queenstown. ‘The Hamburg American Packot Company's steamship Saxonia, Captain Haack, will sail from Hoboken at twelve o'clock M. to-day for Southampton and Hamburg, The mails will close at the Post Oftice at half-past ten o'clock aM. ‘The steamship Atlantic, Captain Hoyer, will gall at eleven o’clook A. M. to-day for Southampton and Bremen from pler 48 North river. ‘The popular steamship General Grant, Captain Couch, Of the Cromwell line, will leave pier No. 9 North river at three o’clock P. M. to-day for New Orleans direct. ‘The Biack Star Line steamship Montgomery, Captain Faircloth, will sall from pier 13 North river at three o'clock P, M. to-day for New Orleans. ‘The steamship Missouri, of the Star line, will leave pier 46 North river, at three P. M. to-day for Now Orleans. The Empire Line sidewheel steamship San Jacinto, Captain Atkins, will sail from pier 13 North river, at three P. M. to-day for Savannab, connecting at that port with Florida steamers, and by rail to all points South and West. The steamship Quaker City or some other popular steamship, of Arthur Leary's line, will leave pier 14 East river, at three I. M. to-day for Chasleston, con- necting at that port for ali points on the South Carolina railroad, and with the steamer Dictator for the Florida Ports, The stock market advanced yesterday, and closed steady. Gold closed at 133. Tho fluctuations and final fall in the price of gald yes- terday unsettled the general merchandise market, and our commercial reporter cites numerous important changes in value, both fn imported and domestic com- modities, As a goneral thing the markets were quiet, and the volume of business was mode- rate, The unfavorable turn of the cable advices precipitated a further decline in cotton, which has touched a lower point, ‘wo believe than at any time since the first stage of the war, when it first began to ascend. On change there was much more active mevement in breadetuffs, and both flour and wheat were decidedly higher—the former 10 to 15 cents and the latter 3 to 5 centa, Corn was also firmer, Oata were dull and heavy but no lower. Pro- visions were dull and heavy, almost without exception. Freights were quiet. Naval stores were generally quict but frm. Petroleum was dull and heavy. Wool was r vs. MISCELLANEO' Our Mexican advices, coming by way of Havana and ‘dated at Vora Cres on the 19th ultimo, repeat the rumor Published yesterday of the defeat of Escobedo at Quer’- taro, Maximilian and Marquez are further reportedto be returtiing to ‘and Miramon and Costille are in pursuit of the ‘Trevino is sald to have pro- Bounced for Ortega, and the troops in Tamaclipas are said to have refused to join Juares’s forces at the front, ‘and to have declared for the sovereignty and indepen- dence of their own State. ‘We have files from Turks’ Islands dated at Grand Turk ‘to the 16th of March. There was a great scarcity of ‘water. The royal Gasete reports the salt market thus:— ‘The demand for our staple continues to be Very limited. ‘From Salt Cay and Cockbourn Harbor we learn that the pans are making, apd many of those at this cay which were cleaned early are id a forward condition Price, 120, to 1230. In the United States Senate in extraordinary session, yesterday, a petition of the Veteran Corps of Oaliforna, asking payment for transportation to their homes, was referred. The Secretary of the Interior was by resolu- tion requested to inform the Senate if Lewis V. Bogy was at present in the employment of that department. Mr. Sumner gave notice that he would call up a resolu- tion to expel Senator Saulsbury to-day on the grounds of repeated drunkenness on the floor. The Senate then wont into executive session. Lovell H. Rousseau was condrmed as Brigadier Geveral in the regular army by a close vote. ‘The bill of complaint, with the prayer for an injanction against Andrew Johnson and General Ord to restrain them perpetually from executing the reconstruction and supplementary acts, was presented in the Supreme Court yesterday by Judge Sharkey and Robert J. Walker, and en application to file it was entered The application will be argued next Friday. General Schofield’s order providing for registration in Virginia has been issued. All registrars are to be ap- pointed by the general on the recomiaendation of a board of army officers, and must be cither officers of the army or loyal citizens of high character. In the Arkansas State Union Convention at Little Rock, yesterday, @ resolution was passed asking the re- moval of the cotton tax, and a committee was appointed to visit Washington in order to further the project. The convention then adjourned sine die. Governor Geary gave a reception -at his residence in Harrisburg last night on temperance principles, a repast being prepared at which no liquor was served. ‘The schooner Lydia Ann experienced heavy weather recently in Lake Ontario, and Thomas Vance, the mate, was washed overboard. His son, one of the crew, took the yaw! to rescue him, but getting In the trough of the sea he was unable to return to the vessel and was left to the mercy of the waves. Our Japan files contain a lengthy description of horse racing at Yokohama, under the auspices of the Yoko- hama Race Club’ and the Japanese government. The racing is said to have been very exciting. An article headed “Our Financial Danger,” in anotber column, will be read with interest, The whole volunteer force of Canada -has been placed under martial law. The reported massacre at Fort Buford is discredted A Step Towards Municipal Retrenchment. ‘We see from a recent report of the Board of Excise that the receipts from licenses for sell- ing liquor in the Metropolitan district for the year ending the 30th of March is $1,283,854. This is something on the credit side of our municipal account It isa beginning,and a fair one, in the way of retrenchment, Just see what it will do towards the payment of our police expenditure. In the city and county tax levies for 1867 the following are the appro- priations made uoder that head:—General expenses, pay of the force, &., county tax levy, $2,531,247; contingent expenses, county tax levy, $8,500; election expenses, station houses and telegraph, city tax levy, $73,000. Total, $2,612,747. The million and Misslssipet * Old Southern portant Movement. ~ Before the Supreme Court of the United States yesterdey William L. Sharkey and Robert J. Walker, in ‘behalf of the State of Mississippi, appeared with their bill of com- plaints and petition (printed in full in yester- dey’s Hematp) praying « perpetual injunction against the execution of the laws of Congress recently enacted for the reconstruction of the rebel States. Whatever the object may be, this memorial embodies all the old preposter- ous Southern twaddle of State sovereignty and reserved State rights; theluding the right of secession, the right of rebellion and the right, afler rebelling, to return’ untouched to the rights of the Unton.—- whereby Mississippi becamo a State of the Union the petitioners contend that their State thus became posseased of certain irrevocable State rights which the late rebellion has not disturbed. “The said State admits that by the wrongfal acts of part of her citizens, and the neglect of the federal authorities to protest the loyal, her government became temporarily disorganized in reference to its relations with the federal government; but she claims that this evil has been corrected in the proper manner by the people of the State,” and that: if in the premises her proceedings have been somewhat irregular, they are still above the reach of Congress, in being the acts of the sovereign people of Mississippi. She next complains of these acts of an unconstitutional Congress, whereby she and nine other sove- reign States, while denied representation in Congress, are taxed and subjected to a military despotism so utterly regardleas of State rights that it “annihilates the State governments” concerned. Next, as the complainant (Missis- sippl) charges, that President Johnson, notwith- standing his vetoes, will enforce these acts of Congress unleas restrained by the Court, de- priving the States and people concerned of their most sacred rights, and producing “a train of irreparable mischiofs that may not be corrected for years,” it is urged upon the Court that “public policy, the good order of society and the safety of the people call loudly for speedy redress.” f Reduced to plain English Mossrs. Sharkey and Walker’s argument amounts to this: that the war against the Union by Mississippi and her confederate States, under a foreign government for four long years, involving the sacrifice of three bundred and fifty thousand Union soldiers and sailors to disarm this hostile coalition, was only “a temporary disorganisa- tion,” or nothing more, constitutionally con- sidered, than an election riot; that the insur- gent league of States in being disatmed wore restored to “the constitution as it was” and to their rights. as they .were before the war, and that eimce the surrender of the Supreme ‘Court—The ‘but’ a Most Im- their rebel armies the acts of every Congress from which said. States have been excluded are unconstitutional, ‘null and vold; that, ‘in ment, fight to destroy the Union for four years or twenty years, and on finding that the Union is too strong for them they may fall back upon their constitutional rights and return to the Union just as if nothing had happened and with novhing to pay. This is substantially the argument of W. L. Sharkey and R. J, Walker in’ behalf of an in- janction from the Supreme Court restraining the President and his subordinate officers from the execution of these Southern reconstruction laws of Congress. They ask that the Supreme Court shall declare these laws unconstitutional, and therefore void; that the Thirty-ninth Con- gress was, and that the Fortieth is, an illegal body; that all the acts of these two Congresses at least must be considered spurious, the late rebel States being excluded from any voice therein; that the constitutional amend- ment abolishing slavery is a nullity; that each State, therefore, is still free to re- establish slavery, and that as none of the excluded States had any voice in the ques- tion of the war debt of the Union, the} are under no obligations to assist in paying it; that what they did under President Johnson’s policy of reconstruction they did voluntarily, but that, recognizing no constitutional amendment on the subject of the war debt, they are not bound even by their promises to Mr. Johnson, inas- much as both President and Congress are sub- ject to State sovereignty. On appearing yesterday before the Supreme Court to submit this bill of complaints and this prayer for an injunction, Judge Sharkey was promptly met by the Attorney General of the United States, Mr. Stanbery, with the remark that the first thing in order was to obtain leave to file the bill, and the desired, at the earliest possible moment (in behalf of the United States), to object to it Judge Sharkey replied that that was the motion he made—leave to file his bill. He was aware of the magnitude of the subject, involving as it did the important and delicate question of the constitutionality of Congressional legislation. But he desired an early decision, as much mischief might result from delay. Mr. Stanbery was ready to resist the granting of the leave. Judge Sharkey filed his application, and the question went over-untilnext motion day, Friday next. The presumption is that the application will be denied by the Court on the ground of no jurisdiction. We cannot imagine how any other decision can be reached. The petition, therefore, may result in a great service to the South and the whole country in setting this question of reconstruction beyond any further legal quibbles and obstructions; and this, perhaps, may be the real object of the peti- tioners. The arguments of the opposing coum sel, the opinions of the differing Judges, and the ruling opinion, which will probably be de- livered by Chief Justice Chase, will, at all events, from the gravity of the subject, be waited for with the deepest interest by all parties throughout the length and breadth of the land. The Constitutional Convention Nominations. There are indications that both the republi- cans and democrats are going.to nominate the strongest partisans and most confirmed old party hacks as delegates at large to the State Constitutional Convention. The cry that the Privitege of electing thirty-two delegates, divided equally between the two political organizations, would secure the services of sound, able and independent men in the Con- vention, turns out to be all humbug, and as the success of all who are nominated on this gem eral ticket is secured in advance, the leaders | interpretation it fell inte irretrievable rain in ‘the euceseding canvam, The democracy is |‘ has the effect of giving confidence. It would certainly have the effect of down the premium on gold. Let Mr: loch, then, husband his gold in the Treasury, instead of putting it on Wall street for gam bling operations and to accommodate foreign bullion traders. If he has the ability and acts | wisely he may by the time Congress meets in December do as great deal toward raising the credit ef the government and bringing about specie payments. Napeleon and Bismarck. Our most recent cable and mail intelligence relating to the affairs of France and Germany has been full of importance. The game be- tween the two arch diplomatists of modern times loses none of its interest, and the results ‘become less and less doubtfal. The debates in the French Chambers and the sentiments expressed by Count Bismarck in the North German Parliament reveal the anxiety of France on the one hand, and the vigor, determi- nation and hopefulness of Germany on the other. Count Bismarok’s schemes for the present are all sucosesful; Napoleon’s schemes, all or nearly atl, are failures;- The Northern gains upon the Southern rival step by step. Every. move on the political chess board points to the triumph of Prussia and the humiliation of “France. At the commencement of the late German war the twenty-nine millions of Prussia were too small to allow her to be named as even a possible rival to France. Now, however, Count Bismarck, or rather his royal master, finds himself at the head, not of twenty-nine millions, but of forty millions of a high-spirited and hopeful people, and knows he has but to wait to see the forty millions swollen to fif-y millions, and to find himself at the head of a united Germany. The late war, which promised France so much, has resulted only in favor of Prussia and the anity of the Fatherland. The letter from our special cor- respondent, ‘which we printed in yesterday’s HeRaxp, indicates the abandonment by Napo- leon of his ambitious schemes on the Rhine and 8 disposition to encourage the unity of the Phen rian peninsula. Whether this new project shall actually be entered upon, and whether it shall be fruitful, or the reverse, of glory to Napoleon and France, remains to be seen. Meanwhile, with the growing strength of his most promi- nent rival abroad, with the keenness of the opposition, the resignation of favorite minis- the are availing themselves of the chance to p forward men who are destitute of any of the qualities of statesmanship and who will act in the Convention as mere party tools. Thus a Provision that might really have been of great benefit to the people is likely to be turned by the unscrupulousness of politicians into a direct evil. ‘The Moral of the Counecticat Election. The partisan press is making great pother as to the true cause of the defeat of the repub- lican candidates in Connecticut. Republican journals lay all sorts of flattering unction to their easily satisfied souls. One finds that the aad result is due to the fact that the State keeps disfranchised a portion of her republi- can citizens—meaning the niggers. This is equivalent to saying that there were not enough republican voters, which of course is true, though trite. From another source we hear that the whole trouble is due to something that Mr. Sumner’ once said on some unmentioned occasion. These are but samples of the expla- nations given, all of which show the wonder- fal aptitude of partisans for seeking in out of the way places things that lie directly under their noses. But the folly of the republican explanations is wisdom by comparison with the utterances and acts of the democrats. These latter see in Connecticut nothing less than signs of a great coming change in popular sentiment, and argue from it an early repudiation by the people of the dominant party. They are firing democratic cannon everywhere, and lessening the present small number of their voters by blowing some to pieces out of the very ex- travagance of ecstasy. Names not recently much mentioned are also proudly paraded once more, and long hidden heads are pushed up into sight—heads that, on account of their coppery character, were judiciously kept so well concealed during th> canvass that the voters forgot that such things could be. On the part of the democrats this is an old blunder, They made it in this State in 1862 over their success with Seymour. That was a perilous time. John Van Buren came to Fort Washington twice in tho%e gloomy days to con- sult with us as to what should be done. We saw that there was one chance for the party. The republicans were then weak-knoed, shaky in purpose, and had made great blun- ders in the conduct of the war. We told the departed Prince that he must put his candidate before the people on a sound war platform—that the party must stand straight on the great national question and outbid the republicans themselves for a vigor- ous’ prosecution of the war. Our advice was taken, and Seymour went in with a rush. But he purblind democracy did not understand its own viotory. In epite of all the faots itinter- preted the result in its favor as @ popular de- claration against the war, and acting on that A Hint te Governor Fenton. Governor Fenton has two important bills at present before him for his consideration—the now only doing over again in the case of Con- necticut what was then done in the case of our own State; and the reanlt will be the same; fer no amount of warning will open the eyes of those who wilfully refuse to see. We can tell these partisans that the result in Connecticut is neither a turning of the tide against the republican party nor the result of any such recondite causes as republicans them- aetves allege. The whole explanation of the result in Connecticut lies, as Demosthenes might have said, in three words. Those words are—Baroum! Barnum! Barnum! _Itis a case of Barnum through and through. The defeat of the republican ticket was an expression of the moral sense of an intelligent and upright community. The party managers made a nomi- nation that was an insult to the voters—that outraged their ideas of the proprieties, not to gay the decencies, of political life, and they resented the insult in a practical way by voting not only against the one candidate, but against ‘the whole ticket. The one bad name corrupted all. The republican party is, perhaps, not so vigorous in Connecticut as in some other States. It is strong enough, however, for ordi- Bary occasions, and may stand some very bad nominations; but it was not strong enough to stand Barnum. That worst of all possible nominations carried it dowg like a millstone. And there is only @ fact to be aeen in the result of the Connecticut election. re i F te. i i Central Railroad is authorised by its charter to collect two cents a mile,in gold or its equivalent, for its way passenger fare, and that the bill is therefore unjust to the stockholders We therefore advise Governor Fenton, for his own sake, to voto both these bills at once. If he should sign either of them he will seri- ‘Treasury Financial Statement. The April statement of the public debt and finances, taken from the reports of the Secre- tary of the Treasury, which we published yes- terday, is on the whole encouraging. The debt has been reduced over two hundred and nine millions the past year—that is, in April, 1866, it was $2,827,793,895, and now it is $2,663,173,372. But the Treasury has on hand $105,956,477 im gold and $34,328,826 in cur- reneya, making the debt, less cash, $2,523,- 428,070. 5 Flattering as we admit this statement to be, we must not forget that there are a great many demands upon the Treasury still unset- tled, and many more growing out of the ex- travagant legislation of the last Congress, for bounties and other things, which may swell the debt above the amount named. We must see what will be the amount required to meet the reckless appropriations of Congress and how much the revenue may be diminished under the late modification of the tariff and revenue laws before we can decide as to the exact sum of our indebtedness, We shall know more about it by the time Congress gots to work next winter. We hope that Congress, by prac- tising greater economy, will then be able to lighten the burden of taxation and provide for the gradual extinguishment of the debt. The portion of the debt not bearing interest is $417,226,384, leaving the debt on which we pay interest $2,106,202,736. This non-interest- bearing debt is the legal tender and fractional currency. Now, the interest-bearing debt could be decreased three hundred millions more, leaving it little over $1,300,000,000, by simply withdrawing the national bank cur- fency and substituting in its place legal tenders. These legal tenders would buy up and cancel the three hundred millions of bonds now deposited by the banks as seourity for their ciroulation, and would not add a dollar to the whole volume of currency now afloat. With regard to the specie reserve in the Treasury, we recommend the Secretary to let it accumulate. Two hundred millions there, instead of one hundred millions, would have the happiest effect in bringing about specie payments, It would give a sense of security and of confidence in the ability of the govern- mont and country to return to specie pay- ments, just es the reserve in the Bank of Eng- New Atlantic Cables—The United States Laws Relating to Telegraph Lines. We publish to-day the general law passed by the last Congress to authorize and facilitate the construction of telegraph, lines in the United States, and the special act of the present Con- gress giving power to the American Atlantic Cable Company, which contemplates the laying ofacable between New York and Portugal, by way of Bermuda and the Azores, to land and operate their line on the Atlantic coast of the United States. The former law gives ample authority to any telegraph company that may be legally incagporated to build telegraph lines in any part of the country, and the latter we do not understand a8 granting any special privileges or monopoly of the Atlantic coast to the association in favor of which it was enacted. It is therefore left free to the enter- prise of the people to undertake the construc- tion of as many Atlantic cables as they may please, and it is very proper that competition should thus be invited and encouraged. ‘The need of more than one Atlantic cable is already felt and acknowledged, and the prospect fs that we shall soon have two or three ing lines to Europe. In addttion to the Bermuda and Azores undertaking a new enterprise is about to be started for laying a cable between Brest and New York, so as to directly connect Paris and New York. This company, which is already organized, is composed of men of capi- tal in Boston and this city, and it contemplates & great advance and improvement in the telegraphic business. The principle ts now esteblished that with perfect insu- lation and sufficiently powerful batteries and electro-magnets the communication can be extended to an indefinite dis- tanee, and this New York and Paris Cable Company are said to have secured an impor tant improvement upon the old Morse batteries and instruments, and to feel confident of their ability to send messages direct from San Fran- cisco to Paris’ without rewriting. It is also assorted that with their improvements they can transmit nearly ten times as many words per “minute as the old batteries can send, and that their system will work an entire reform in the business of telegraphing. They contemplate constructing land and cable lines all round and through the United States, so that cable despatches can be sent by them direct from San Francisco, St Louis, Chicago, New Orleans or other points to Paris without rewriting. ‘This will be.a wonderful advance fn the tele- graphic science, and will, if entirely successtul, ‘throw the old lines comparatively into disuse. ‘The Late Theatrical Bursings. Among all the conflagrations with which the city has been visited for the pastfew years there were none more serious than those which occurred in the various’ theatridal establish- ments. Commencing with the: disastrous fire which destroyed the Museum and a vast smount of property adjoining, we have had a succession of burning theatres ecb The destruction of the American theatre on Broadway was followed by that of the old Academy of Music. The New Bowery theatre went next. Then more recently the fire at Win- ter Garden totally demolished that house and came very near carrying the Southern Hotel with it By p circumstances the fire at the new Academy 6n Monday evening re- sulted'‘only in ‘severely damaging a few om- ployés of the buildings. At Niblo’s not long ago @ fire broke out amid the scenery, but ‘happily with no-fatal-result’ It is horrible to think how many thousand lives are thus placed constantly in peril through the gross negligence and carelessnesg of the employés or the mana- gers. It is somewhat curious that these burn- ings have not been thoroughly investigated with a view to ascertain their origin. A most vigorous examination should be made into this matter. From all the facts that have been elicited there can be little doubt that the cause of these fires is attributable to carelessness, and probably a reckless parsimony on tho part of the managers. Had. the fire which destroyed the old Academy of: Music occurred twenty minutes sooner the lives of more than @ thousand people who had just loft the house after the opera of La Juive had concluded would have been in imminent danger, and hundreds of that vast crowd would probably have been sacrificed. With regard to the fire at the Winter Garden it is known that one of the employes smelt something burning on tho night previous. There is no doubt, therefore, that the fire was smouldering all night and probably commenced when the house was filled with people Next morning the manager was driven out of his room in his dressing gown by the smoke and fire, losing his watch in his hasty retreat. Now, it is evident that it there were watchmen about the building, as there should have been, the fire would have been discovered hours before it broke out so fiercely andthe building might have been Te the theatres of Paris and London there le a regular fire. patrol. day ‘and’ wight’ Why ‘we not heve the same in New York? | A vigilant watch in all public establishments 4 would provide. against the. danger of fire. In the Hanatp establishment we have a regularly -organtsed fire department, sleepless and elways vigilant, and to their exertions the safety of the whole block between Broadway and Nassaa street was mainly indebted during the burning of the Museum. Why should not our theatres be similarly protected? It is only bechuse the managers, through s foolish economy and indifference to human life, neglect to provide the necessary means of protection. It was once remarked that a fire rarely occurred among the old rookeries of the Five Points; bute policeman accounted for the exception by the fact that some portion of the occupants of these dwellings were always awake and It would appear from the statements of our in Paris that Napoleon is ac in the French navy yards in demolishing vessel after vessel as every new idea turned up. If England turned out any- thing superior to the latest French idea in nayal architecture there was an immediate at- neither of these countries: have been able to compete with us in the construction of iron- clads, Before the rebellion we had comipara- sprang up, even as it were from the water, to teach older nations what the energy of this new country, with its active people, drawing vitality from a fresh and invigorating atmos- phere, could accomplish, It is but the other day that the first steam- ship on the Pacific line between California and China and Jepan arrived at San Francisco, and her news was telegraphed instantly to this city and conveyed by cable to Magland in less than four weeks from the date of the news in Japan. Yet we made very little excitement about it. We have become accustomed to this kind of progress. If the speculators in Wall street would direct their attention to and em- ploy their capital in advancing practical lines of communication, which must result in great prosperity to the country, how much better It would be than coquetting with chimerical en- and wild cat schemes. It would cer- tainly be more patriotic to invest their capital in works which cannot fail to advance the gen- oral progress of the nation, of which there are plenty always inviting the profitable employ- ment of money, such as railroads, facilitating the connection between both sides of the con- finent, the reclamation of waste lands, of which millions of scres are now lying worth~ less in the vicinity of almost every city in the Union, waiting to be converted into valnable additions‘to the woalth of the country, and many.other undertakings of absolute utility, which create something for the general good td leave tes ark upon th progrews of te republie.