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6 NEW. YORK HERALD. JAMES CORDON BENNETT, PROPRIETOR. JAMES GORDON BENNETT, JR, MANAGER. BROADW ‘AY “AND ANN STREET. THE DAILY HERALD, published every day in the year, Fevrcents per copy. Annual subscription price, $14. Apvserssuxnts, t0@ limited number, will be inserted fn the Waxstx Heratp, the European and California Editions. JOB PRINTING of every description, also Stereo- typing and Engraving, neatly and promptly executed at the lowest rates, Volume XXXII aM USEMENTS THis APTERNOON AND EVENING, BROADWAY THEATRE, Broadway. near Broome Btrcet.—Tux SuamRock. G ADT THE 45 and 47 Bowery.— Ein Srunnpeuen au¥ DEM CO: te OLYMPIC THEATRE, . Broudway.~Joux Brovena 1x O'Donnest’s Mission. WORRELL SISTERS’ NGW YORK TURATRE, oppo. site New York Hotel ALADDIN, tHe WoNpEMPUL Scamp— Cinpeneiia. THEATRE FRANCAIS, Fourteenth streat. near Sixth avenue.—Kistont's WELL © PERFORMANCES—ANCELO, ‘Tyeanr oy Papua. ACADEMY OF MUSIC, Irving place.—Tax Imprniat ‘Trovrs OF Jaranase ARtists ix Taxin WonDeRrUL FEATS. Matixce at Two o’Clock, BROOKLYN ACADEMY OF MUSIC.—Mn. np Mra. Bowago Pact's Grawp Fauxwet Concerts ix Costume. TRVING HALL, Irving piace.—First Concent or Mrs. ‘ox, PoRMERLY Miss Mary Gruvix. SAN FRANCISCO MINSTRELS, 5% Brovdway, opposite the Metropolitan Hotel—In ruxin’ Eraiovran Exrenratn- MENTS, SINGING, Dancinc aNo Burcesquas,—fux BLack Coon—ImrxniaL Jaranuse TRovrr. KELLY & LEON'S MINST 720 Broadway, opnp- sitethe New York Hotel.—Iw rama Sovas, Danoss. Boo ux- raiciries, Burixsques, &0.—Cinper-LEON—Mapagascan Batier Teovure—Perce Pires. FIFTH AVENUE OPERA HOUSE, Nos. 2and 4 West Twenty-fourth street.—Gaiveiw & Cunisty's Minsreets.— Ermoruan Minstressy, Battaps, Buanusgv@s, &c.—Tus Bogus Jaranzsx Jucoixns. TONY PASTOR'S OPERA HOUSE, 201 Bowery.—Courc ‘Vocatism, Necro Mixsrreisy, Burcesgors, Batier Diver. TMRMENT, &C.—NEW LORK IN 1467, Matinee at 23g 0'Clock. HOOLEY'S OPERA HOUSES. Brooklyn.—Erarortan MIN- @rmatsr, Batiaps anv Boruesques.—Brack CRoox. THE BUNYAN TABLEAUX, Union Hall, corner of ‘Twenty-third street and Broadway, at &.—Moving Mrr- moe oF mE Picrim’s PRoGuess—Sixty MAGNIFICENT Goawes. Matinee Wednesday and Saturday at 234 o'clock. NEW YORK 5 xnenpx OF ANATOMY. 618 Broadway.— AD AND or Pronst—Tux WASHINGTON itowomns hs ~ Naruse ‘History, Science axp ART. oe Sy fogn -e 8 4M. Ul WP. mM TRIPLE SHEET. New York, Wednesday, May 8S, 1867, REMOVAL. ‘The New Yore Hararo ostablishment is now located in the new Heep Building, Broadway and Ann street. NOTICE TO ADVERTISERS, Advertisers will please bear in mind that in order to have their advertisements properly classi- ed they should be sent in before half-past cight o'clock in the evening. EUROPE. ‘The nows report by the Atlantic cable is dated yester- Gay, May 7. Tho Peace Congress held its first session in London. The leading Powers hesitate to guarantee the neutraliza- tion of Laxomburg. The peaple of the Grand Duchy ask for annexation to Belgium. France and Prussia are arm- ing rapidly. The continuance of tho war preparations Produces alarm and distrust at the money ceutres. The Derby Government accepts the Gladstone amend- ment providing for a lodger franchise to the Reform bul The Fonian prisonors, McCa‘ferty and Connolly, have been convicted of high treason. Clark was acquitted. Consols closed at 91 for money in London. Five- twenties closed at 714s in London. The Liverpool cotton market was easier; middling up- lands closing at 11d. Corn declined 3d. in Liverpool. Provisions almost unaltered. THE CITY. ‘Te Thirty-fourth Anniversary exercises of the Ameri- can Aaii-slavery Society were held at Steinway Hall yes- terday and last evening, a large audience being present. Speeches were made by Wendell Phillips, Colonel T. W. Higginson, Anna E. Dickinson and other lights of lesser brilliancy. Resolutions were adopted, deciaring the oaths of the Southern whites and the constitutions of Southern States too slight and uncertain guarantees for the civil rights of the negro, favoring the immediate impoachmont and removal of the “traitor at the White House" and a close watch on the Supreme Court; warn- ing the freedmen in the South of the proffered friend- ship of rebel whites, recommending care in the selec- tion of a candidate for the next Presidential election, taking hoed that “we do not drift into incompetent or unfriendly hands through heediess hero worship,” and favoring coniiscation and the division of confiscated lands among the negroes. The meeting was highly en- thusiastic ‘The New York Sunday School Union held its anniver- gary yesterday at the various churches throughout the city. The exercises consisted of singing and prayer interspersed with appropriate addresses. ‘There wore 428 deaths in New York and 158 in Brook~ lyn last woek, inclasive of the public institutions in both counties, In the cleanly districts of New York city there was one death to 6,400 persons, while in the crowded and filthy quarters where the city poor ar: lovated there was one death to évery 858 of the living. There was nothing to indicate the presence of cholera or other eruptive diseases. A fire occurred in the basement stables No. 1,400 Broadway yesterday, by which thirty-three horses were suffocated tu death. The fire is supposed to have been tho act of an incendiary. An inquost was held on the body of Michael Farrel! yesterday, the jury rendering a verdict that he came to his death from wounds iuflicted. by Eugene Sullivan on May 6 ai 126 Mow street. Sullivan was committed to Prisca. Coroner Schirmer yeaterday held an inquest npon the body of Carl Andrew Amrhein, who died in conse- quence of pistol shot wound received on the 23d of April. The jury rendered a verdict charging Jerry Hor- ton as the perpetrator of the crime. Application was made in the Supreme Court, Cham- bers, yesterday for the discharge,jon a writ of habeas Corpus, of Lieutenant Edward Houttard, United States Army, who had been arrested on Monday last on a civil Process for debt, The Court ordered the release of the petitioner. A decree of divorce was granted yesterday in the Supreme Court in the case of Jobn H. Hallock against Harriot Hatiock. In the General Sessions yesiertay George Burnet was convicted of obtaining goods cnder fuse pretence: sentenced by Judge Russel to the State Prices for three years. Recorder Hackett rendered a dec the Boat act, which provides that no pe: vessels without a license, unconst tational. stock market was unsettled yesterday. Gola closed at 137 5%. Domestic produce was somewhat irregular and lose active, white merchandise, though in moderate demand, ruled firm, consequent upon the advance in gold. Cof. foo ruled quiet but steady. Cotten was dol! and heavy. @0 ‘Change flour was a shade firmer, Whent was with ont decided change. Corn was 20. a dc. lower, while oats advanced Ic. a 2c. Pork, beef and lard were quiet but steady. Whisky was more active and firmer. Freights were quiet, Naval stores wore dal! and lower. Petroleum was more active and Grmer, Wool was dull Pt hoor, declaring m shal board ‘NEW YORK HERALD, WEDNESDAY, MAY 8, 1867 —TRIPLE “SHEET. MISCELLANEOUS. The case of the Commonweaith of Virginis versus the State of West Virginia, in which the Commonwealth claims jurisdiction over the counties of Jefferson and Berkeley, at present in the limits of West Virginia, came up in the Supreme Court at Washington yesterday. ‘The case algo involves the question as to whether old Virginia is a State in the Union. ‘The eight hour labor strike in Chicago is about sub- siding, many of the discontented workmen having re- turned to work at ten hours with the usual pay, or cight hours with a proportionate deduction. An enthusiastic meeting of the workingmen of St. Louis was held on Monday night, when resolutions were adopted agreeing to work eight hours per day at @ proportionate reduc- tion of wages, A company of Brownlow's Tennessee militia became dissatisfied with the result of. the election for officers recently, and a general fight ensued, in which one man was killed, another had his skull fractured, and eight or ten more were severely injured, On opening the Hudson County Court of New Jersey yesterday the Judge charged the Grand Jury to indict Persons selling liquor on Sundays. A prize fight took place yesterday morning in Bergen couaty, New Jersey, between William Kelly and John Grady. One hundred and eighteen rounds were fought scientifically, lasting three hours and ‘ten minutes, and both men were pummelied shockingly, when @ eeneral fight among the spectators ensued and the referee with- drew, thus making the contest a draw, ‘The extensive distillery of D. R. Sortwoll & Co, in Cambridge, Mass., and tho rectifying establishment of Chester Gravex, at the same place, were seized on Friday Jost by a special agent of the United States Treasury De- partment, A colored man conducted the defence in a case before Justice Sandford, in New Jersey, on Monday. Jacob Riley wae tried recently in the Alleghany County Court, of Maryland, for killing his father, and sentenced to sixteen years’ imprisonment. The cage was an aggravated one, The plantations south of Memphis along the shores of the Mississippi are nearly all overflowed, and the plant- ors are reported starving. Judge Kelley addrossed a mixed audience at Mem phis last night on the reconstraction question. The Maryland Constitutional Convention assembles 10 Annapolis to-day, Tho Reconstruction of Partice—Hew is the South Going t As Wendell Phillips has it, our political parties are in a transition state. Upon the issues drawn from the élavery question, which have divided the republicans and the demo- cracy since 1854, the former have been com- pletely triumphant, and the latter, step by step, into the war, through the war, and since the war, have been utterly vanquished. Upon its prestige as the Union war party and its great achievemenis—the suppression of the rebellion, the abolition of slavery and the es- tablishment of civil and political equality in Southern reconstruction—the republican party still holds together; and upon their unpopular record as the pro-slavery, anti-war faction, the Northern remnant of the old broken-up na- tional democratic party remains a powerless minority. But something more than they have done will be required to keep (he republicans together. Having fulfilled its appointed. work the party must setup a new platform of new ideas and new measures, or it will go to pieces. ‘The republican leaders are aware of this, and aware, too, that with the restoration of the outside rebel States the fature possession of the government may be determined by a South- ern balance of power. How, then, is the South going in this ap- proaching reconstruction of parties? What are the signs of the times? The Southern emancipated blacks seem to be gravitating to the party to which they owe their emancipa- tion, Such are the-developments of Senator Wilson’s Southern missionary tour from Rich- mond down to Georgia. The great body of the Southern whites, on the other hand, while coming up, as Speaker Colfax expresses it, “with an alacrity unexpected by many, and an acquiescence expected by but few,” are, nev- erthless, holding aloof from both the Northern republican and democratic parties, and are casting about for a new and independent Southern party, on Southern ground, and as a Southern balance of power. What, then, is the prospect? Upon what new issues are we to look for this independent Southern party? Mr. Speaker Colfax gives it as his opinion that Congress will abide by its terms of South- ern restoration; that “the great party which has thus become responsible for them intend to stand by them, faithfully and literally, if their terms are complied with by the rebel States in good faith and without evasion.” Believing this, we may assume, from the work going on, that all the ten excluded States will be readmitted into Congress in season to give them a deliberative voice and choice m the next Presidential election. With their admis- sion, as the civil and political rights of the blacks and the safety of the national debt will be established in the constitution beyond the reach of any political party hereafter, the present dividing lines of parties at the North and of races in the South will be superseded by new divisions. And in the favor which the name of General Grant seems now to command among Southera politicians we have a sign of what is coming. It is the reconstruction of parties on the money question, in all its branches of internal taxes, tariffs, national banks and Treasury management. Upon all these questions General Grant is understood to be a Western man, decidedly in opposition to the Eastern politicians of the high taxes, bigh tariff protectionist school of Thaddeus Stevens, We presume that a new party platform, embracing the doctrines of the lowest practicable revenue tariff, the lowest schedule of internal taxes, a general cutting down of expenses, the reorganization, if not the abolition of the national banks, whereby the Treasury may be saved the millions which these banks now absorb as their perquisites of the public money; and a funding system to enable the government with light taxation to make all needful provisions in regard to the national debt, would be a national policy that would commend itself to General Grant. Here, then, we may look for the dividing lines of our national parties in 1868, and fora party commanding the great Northwest and the South, and dividing the Central States and even the Northeast against the party of high taxes, high tariffs, protection, bank monopolies and heavy expenditures. With free labor, Northern emigration and enterprise, and with ample water power in the midst of their cotton fields and iron mines, the Southern States will need no high tariffs to develop a great manufacturing system. In view of their prosirate condition, however, they will need light taxes and a gradual lqui- dation of the national debt in order to get firmly upon their feet again in the production of full crops of their great staples. Let the Southern States, therefore, hurry up the work of reconstruction, and they may, even in 1868, wield the balance of power im the Presidential election, ‘be made any longer to believe in the farce of ‘The Popular Rising ta Eagiand. It is stated by our last cable despatches that the Derby government has accepted all the liberal amendments to the Reform bill. This is nothing more than was to be expected. Be- fore the bill was introduced Mr. Disraeli an- nounced that the Cabinet would not regard themselves bound to consider a dofeat on the meagure as involving the necessity of their quitting office. From the opportunities, how- ever, which they have since had of focling the public pulse, they find that the matter is not one of choice. They have got to bid as high as the opposition or quit their places. If it was & mere contest for power between them they might affect to disregard an adverse vote or two in the progress of the measure: Bat there are outside influences which they dare not overlook in the decision of their course, These Hyde Park demonstrations have become a formidable oheck upon the manceuvres of both parties. The peo- ple, they are now convinced, are terribly in earnest, and to avert a catastrophe they mus’ exoccise a certain amount of forbearance towards each other. In the eplit among the liberals, in the timidity evinced by the Derby government in dealing with the last out-of doors demonstration, and in its acceptance of the liberal amendmenis of the Reform bill, we have unmistakable ewidence of the alarm which is felt by both whigs and tories at the seriousness of the danger whioh menaces them incommon, _ It is not without reason that they entertain those fears; Never, in the political history of | Great Britain, has the power of the masses made itself so threateningly felt, There is not a statesman of any weight in either party who does not advise conciliation and concert of action, 80 aa to avert the danger which must result from a conflict for purely party objects. Hence it is that we find on the part of the oppo- sition an unwillingness to push matters to extremes, and on the part of the government a disposition to make concessions almost before they are exacted. Both parties, in fact, feel the necessity of their arriving at a compromise, so that they may postpone—for no man in his senses believes that they can avert—the erisis which is looming up. No measure short of universal suffrage will ever aatisfy the British people. All these schemes of reform on which the fate of parties is made to hang are mere palliatives for the oppression under which they suffer. The con- sciousness of power derived from the terrorism which they ecom to exercise over the govern- ment by their out-of-door demonstrations will lead them step by step to the enforcement of all that they have a right to expect. What that is they have learned not merely from the teachings of such men as John Bright, but from the experience of aations like France, Ttaty and Germany. It is fglly to sappase that with euch ‘examples Gefote'théir'eyes they can’ constitutional government ih which the people exercise nv real power, and-whioh rutes only in the interest of a corrupt oligarchy. Tt may be as we have eaid, that by a system of mutual concession the two great partics may tide over for awhile the dangers that beset them. It will only be for brief period, however. Seoner or later they have got to face that question of questions—the very mention of which is a terror to them—universal auf- frage. Whether it be conceded or forced from them it will be equally fatal to their privileges. It does not, like the reform issues of the day, mean a mere extension of the right of voting. It is, on the contrary, the precursor of changes as radical as they will be violeat, and which may be summed up in the single but pregnant word, revolution. Judge Underwoed’s Charge. The charge of Judge Underwood to the Grand Jury in Richmond on Monday is without aparallel. With its whining cant of martyrdom, its bitter curses ef the defunot confederacy, and its foul-mouthed abuse of Richmond, “the beautiful and abandoned seat of the rebellion, looking as comely and specious asa goodly apple or a gilded sepulchre; where bloody treason flourished its whip of scorpions ; where the slave trade so jong held high carnival ; where the press has found the lowest depths of profligacy ; where licentiousness had raled until probably a majority of births were illegitimate ; where the fashionabje and popular pulpit bad been so prostituted that its full-fed ministering gay Lotharios generally recommended the wotship of what they most respected—pleasare, property and power ;” with its “pagan and mythological ideas of Bacchus, Mammon and Mars ;” its allusions to “the awful and atheistic past” of Richmond, axd one “building of ever- lasting granite” that stood unharmed amid the great conflagration; with its spluttering poeti- cal quotations ; with its ecsiatic applause of “the leader and father of successive Con- gresses,” acknowledged to be so with “a deference which neither Clay, Fox, the Pitts, nor even Cicero had ever known ;” with all its angry and ridiculous rhetoric, this charge is the strangest mixture of drivel and furious nonsense which ever dis- graced the bench. In getting himself up am- bitiously to “act well his part,” Judge Under wood must have had a confused notion of taking for models Jeffreys, Parson Brownlow and Robert Shallow, Esquire, Justice of the Peace, and Coram and Custaloram, and Ruto-Corum, too. None but some of Shakspeare’s queerest original characters, ff revived to-day, could utter such a farrago of rant and fustian as this unprecedented charge. It is certainly unique; and additional peculiarities of the occasion were the presence of five black men in the jury box, and the appointment of John Minor Botts as foreman of the Jury. This appointment is a suitable one. Botts is veteran tarfite as well as politician, and knows all about breaking, bitting and manag- ing horses. This knowledge he may turn to account by applying it to the grooming and training of Virginia politicians. Among the latter are not a few vicious colts, young and old, who need to be kindly bandied and skilfully trained, like the horses on the Long Island racecourse. What Frank Forester used to say of American horses is true of certain Virginia politicians. You do not meet with one horse in a hundred which has received the slightest artificial edu- cation, which bas the rudiment of a mouth, that sine qué non of a finished animal, or the smallest knowledge of paces, even to setting off with the right leg in the canter. He rears, plunges, kicks and smashes everything to pieces. If he starts off at all he runs along anyhow, with his nose jn the air or thrust ob- way, where “that fatiayouasblo eicvell (of civilization” is most frequently “cast with vio- lence on the stones Mane Sane of the hope thet our ple Pee I pe them all in bend and make ie bom Good points, Let him whisper o ee we er 2 officers stationed in Virginia, who seem to be growing as skittish as their neighbors. When the Richmond editors violate taste by veuting their spleen in sullen or spiteful articles, Genoral Schofield only aggravates the case by taking such notice of those as infringe the liberty of the press. And when H. Rives Pol- lard, after rushing wildly about in ®vain in quest of notoriety, unexpectedly stumbles on 4 military prohibition to lecture at Lynchburg on Southert chivalry, his fortune is made at last, and he has a chance as 9 political martyr of escaping oblivion. ‘Tho Retigteus Anniversaries. The religious world of New York, a3 is cus- tomory at this ae.gon of the year, is awakened into a little tomporary vitality. The annivor- sacies are in full blast, Repzescntatives of the diffe-ent socicties have come up to this city, from all parts of the Unioa, fatly primed for the occasion. Loclares and addresses, some | ot them good, some of them excellent, some of them ordinary, are being delivered with appro- bation to audionces: not tpe difficult to please. Reports are being. read, some of them more, | some of them less eacouraging; but all of them revealing @ certain nobleness of purpose on the part of the respective societies and cer tain hightoned confidence in the power and prospects of Christianity, both at home and abroad. We are disposed to look kindly on these anniversary meetings, We believe that under proper management they are eminently fitted to do good. The fine free air of public opinion is always healthful—nevor injurious to a cause traly excellent. If any one thing ought to be able to stand inspection in the clear light of day it should be religion. Hole-and-corner work might be suitable enough for medieval times, but it is not adapted to the later years of the nineteenth century. There is no satis- factory reason known to us why the managers of the more secular affairs of religious societies should not give an account of their steward- ehip, and why their doings should not be as amenable to criticism as any other class of public men. Nor is it possible to deny that the tendenoy of able addreases and reports, not to epedk of the inspiring influence of large assemblies, is © communicate noble impulses and to beget ever-enlarging endeavor. Managed as they are, however, these meot- ings have their drawbacks, Sometimes it is difficult to resiat the conviction that of giving aad doing thore is little unnecemary parade. Humility, of all thinzs, fs mest becoming in every department of Christian éffort. Unhap- | pily, however, & is often’ conspicuous by its nivereary meofings now bbing held in the city, we cannot eay of all of them that’ they are en- titled to exemption from the above charge. Sometimes, too, we notice that the programme of topica to be discussed is unnocessarily large, and not especially marked with evidence of good taste. The same may be said of the ad- dresses. Speakers range at will over a wido and varied field ; nor is it always hard to per- ceive in the sacred orator, even when con- fessedly engaged in sacred work, unmistakable signs of the old leaven of humanity. A slight ebullition of temper, a good hard hit, even « malicious filng are not deemed offences by the orator himself; and if we are to judge from the approbation given, are not unappreciated by the audience. These things ought not to be. All things ought to be done decently and in order. Parade in holy things is unbecoming and ought to be avoided. The graces recom- mended should not be wanting in those who recommend them. The proper province of Christianity is so laree, and the work to be done is so great, that it is as absurd as it is un- necessary to encroach on other domains, Let the clergy confine themselves to their own proper calling; let the various religious socie- ties limit their sphere of action, define their duties and concentrate their energies, and euc- cess will attend them more and more. In pro- portion, howevér, as they step aside from their own sphere of duty, and attempt to do what ean better be done by others, they not only leave a portion of their own proper work un- done, they neutralize the good influence of that which they do. In this generation of political preaching and novel writing parsons the exhoriation of an apostle to a young divine ofthat day has lost none of its point—“Give thyselt wholly to these things.” The President of the S. P. C. A.—Municipal Jobs and Four-footed Animals. We publish elsewhere, as a curiosity of lite- rature, a communication from the President of the &. P.C. A., regarding the Nicholson pave- ment and “ that indispensable servant of civi- lization, the horse,”—(vide Mrs. Goodchild’s second primer). Mr. Bergh’s letter will be found amusing, but we question whether his argument in favor of the protection of horses’ feet will reconcile our taxpayers to the ex- penditure of a great many thousand dollars unnecessarily on a big Corporation job, any more than his chivalrous crusade for the rights and privileges of the tartle wonld induce the Aldermen to forego the luxury of their favor ite soup. We do not question the sincerity of the President of the S.P.C. A. We have no doubt that he is as honestly tender of a horse’s hoof as of achicken’s neck. But we would suggest that there are thousands of neg- lected little children running about in this city, barefooted, winter and summer, to whom the bard stones of the roads are as un- relenting and cruel as they are to “that noble creature” (Mrs. Goodchild again), the horse. Might it not be just as well for Mr. Bergh and his society to look a little after them and thetr « better foothold” in the world, as to spend so much time and energy upon the lower grade of animals? Many of these little ones are subject to more inbuman treatment than is ever meted out to dumb beasts, and their condition offers a wide field for the labor of the philanthropists, without opening their tender hearts to the suf- ferings of fish, horse flesh and fowl. We can only repeat our advice to the 8. P. C. A., to keep their hands clear of corporation jobs and jobbers. Their plea for the Nichol- gon pavement looks little suspicious, esp:- cially when it is remembered that the scheme of the municipal speculators is to lay it down ‘on streets that are little travelled by “that noble creature, the horse,” and aot on Broad- France and Prussia Still Arming. ‘The telegrams from Europe state that France and Prussia are still arming. This certainly oes not look like peace. It is probable the Londoa, however anxious to preserve peace, ia only giving the belligerents time to prepare for the fight—a fight not so much for the pos- cession of Luxemburg as for the supremacy in Western and Central Europe. In all proba- bility both France and Prussia are making greater preparations than the rest of the world knows of. It is said, for instance, that several of the iron-clads built for our government have been quietly sold lately, and it is supposed to Prussia or France—probably to Prussia. The Onondaga.and Dunderberg are mentioned. Now that our war is over and we are not likely to have another soon, we could sell several monitors and other vessels of a terribte charac- ter, which coula biow the French navy out of or under the w ster in a short tim:. We can spare them, and iftue Prussian government is wise it will endeavor to get possession of them at once. These would effectually protect her Baltic coast, aud give her a powerful navy without delay. Then, when these have served Congress of the great Powers, now sitting ee as a Cause of their purpose in the present crisis, we can |. |-baild other monitors, still more formidable, that could send them to the bottom at the ehortest notice, Now is the time for the threat- ening belligerents, and particularly for Prussia, to buy our American monitors and iron-clads, A fow of them will constitute a most powerful navy. The Military Position in Moxico. The late news from Mexico is at least eome- what exaggerated. Undoubtedly the liberals are rapidly gaining ground and the empire is trembling on its last effort at resistance. Our most reliable information is from San Luis Potosi, dated April 13, At that time the liberals, thirty thousand strong, had closed ‘around Querétaro and finally cut off all’ the avenues by which the imperialists had pre- viously communicated with the city of Mexico. When Marquez escaped from Quer¢iaro he took with him all the imperial cavalry, thereby relieving the besieged irom a force of no value, but rather one that consumed much of their subsistence. Porfirio Diaz, the ablest of all the liberal generals, has cut off the last of the im- perial fines of communica'ion with tie ocean, and the heroic Puebla is again in the hands.o! those who so bravely defended it against the French. Tho subsequent attack of Diaz upon the army which Marquez had improvised ia she-elty of Mexico did not disperse the troops of the fatter, but only resulted in. the capture ‘cf some artillery and wagon traits. Marquez, SwWevet, effected as good a retreat as might have beea expected of the best soldier in the Setviee of the empire. Tis now reported that Diaz is in’ possession © ef the convent of Santo Domingo, in the it of the city of Mexico. If so, it is cer- tain that he haa attacked the city in its most vulnerable part, and is doing the work which his inferior competitor, Escobedo, was so soxious to have asdigned to himself, In the avmy ot Maximilian, a: Querétaro, are two thousand of the bravest veteran troops which France threw into Mexico, and these, backed by the best of all the Mexican native forces, and animated by the massacre of their comrades in the late battles, have enough vigor left in them to make a bold front. It will b: found that if Maximilian is beaten out by the liberals he can throw himself into the Queré- taro sierra, near the city. This mountain range has already been made famous by Gene- ral Thomas Mejia, one of the most noted of the Church party leaders, who knows every pathway of this his native mountain, and who, now with Maximilian, can assist him in making a brilliant defence. The force which can be gaved from the imperial army would hold these mountains against tae whole army of Es- cobedo, and the position would be somethinz like that which the Indian Lozada, with two thousand men, maintains in Western Jalisco against the liberal authority. Moreover, the two thousand forzign imperial troops could alone cut their way, with Maximilian, through te the city of Mexico, and they would un- doubtedly do so rather than fall into the liveral power, especially as they feel that their only ehance is massacre if they be taken prisoners. Oace in Mexico, Maximilian could from that centre of Church power organize for its de- fence, from the city population alone, a force that would swell his army from fifteen to twenty thousand men. The royal Austrian, full of proud blood, may yet die game in this last defence of Mexican empire. His canse is lost—his last struggle is to gain conditions; but the liberals have announced their policy — it is, “No terms; bat war, until one party or the other shall be ground to powder.” FINE ARTS. The Ocean Vacht Race—Photograph of the Start from Sandy Hook. A very fine specimen of photography, taken from Pe- tercon's painting, “The Start from Sandy Hook,” bas deca issued by Mesers. Browne & Spaulding, of this city. Tho photograph has one decided advantage over the pa.nting—namoly, in the blending of light and shade. ‘The strong contrasts of color in the latter are beautifully toned down in the puotograph, and sky, water, land and vessels are brought into harmonious neighborhood. Tue lines have the distinctness and almost the samo boldness of outline asa steel engraving, Without its angularity ‘and stiffnees, The water is s marvel of photography, ‘and shows to what a high state of perfection the sunlight views of Daguerre have been brought. The foam on the tossing waves seems more like @ touch of an artist's ‘vrush than a mere copy of a picture. The figures on the advonturous craft, and the friends who ventured so far to bid them Godspeed, sharply outlined, like so many miniature cartes de visite, and the bleak December sky overhead form a faitufal picture of that memorable scene, The photographer is T, R. Barnbam, Boston, Goverser of New Branswi MosTreaL, A Cabinet council! will be held on Friday, at which ail the Ministers In the country will be present, including Mr. Cartier, who is on board the steamer Nestorian, Tt is understood that Hon. Mr. McDougall will be the Jeador of the reform in this section for the government ada. The engineer officers have commenced the preliminary operations in regard to the fortifications at Longuenil. It is announced that Hon. John Kose will be Lieuten- of New Brunswick. ‘o the harbor has been very high, and rain Saturday. WEAVY FROST IN ISSOURI, Lu) MISSOURI. St. Loum, May 7, 1967. ‘The frost Inet night made tee th somo fooatitres, and it faeatd intel ome been done to and ¥ copecially t % EUROPE. THE PEACE CONGRESS IN SESSION 88 > aire _France and Prussia Arming. a Distrust and Alarm at the Money Centres. The Amendment to the Derby Reform Bill. Accepted. McCafferty and Connolly, I. R. A., Convicted of Treason. &e. THE PEACE CONGRESS. freemen of the Londea Gonterence—The Lu ‘= Neutralization Pian Net ia Favor.’ : Lonvon, May 1—Evenmeg, ‘The Conference of the European governments for the settioment of the oconflicting claims of France and Prussia in regard to the Grand Duchy of Luxomburg, met in this city to-day. It is reported that the leading Powers hesitate to carry out the proposition for guaranteeing the neutralization of Luxemborg, and that the people of the Grand Duchy ask for annexation to Belgium. France and Prassin Arming—Financial Alarm and Distrust. TLowvox, May 7-2 P. ML Notwithstanding the preliminaries looking to the Preservation of peace, Franco and Prussia are both rapidly arming. ‘This course is producing distrust and alarm in finan- cial circles here and eleewhere. THE REFORM QUESTION. The I4bernt Amendment to the Derby Bill - Accepted, Lonpox, May 7—2 P. M. ‘Phe government has accepted the liberal amondment to the Reform bill providing for lodger franchise, THE FENIAN TRIALS. Captain McCafferty Convicted of High Trea- son. Lonpon, “May 2PM A despatch from Doblin announces that McCafferty, who has been on trial in thas city for high treason, has been found guilty, Connolly Convicted aud Clark Acquitted. Dest, May 7, 1867. ‘Theprisoner Connolly was to-day convicted of high treason by the Special Commission, and the prisoner ‘Clark eas acquitted and discharged from custody. &c. &c. ‘Tho Leadea Money Market. The Liverpool Cotton Market. Livervoot, May 7—Nooa. ‘The cotton market is quiet. The estimated sales to- day are 8,000 bales. Middling uplands, 11344. a 114. ; middii ig. cee Lrvsrroo., May 7—2 P, M. The cotton market is quiet and quotations withoat change, Livervoot, May 1—Evening. Cotton closes easier. The sates to-day are 10,000 bales, Middling uplands, 114. ; middling Orieans, 11%4. Trade Report. ‘Tho advices from Manchester are unfavorable. Liverpool Breadstuffs Market. Livesroot, May 7—Noos, Wheat—Sales of No. 1 Milwaukee red at 13s, 0d., and white California at 14s. 6d. Corn, 43. 9d. Barley, 4s. 94 Oats, Se, 7a, Pens, 44s. Livearoo, May 7~2 P.M Corn has declined 34. since the opening, and is now quoted at 438. per quarter for mixea Western, Lrvenroor, May 7—Evening. Wheat—Sales of No, 1 Milwaukee red at 13s, 04, an@ white Calirornia at 14s. Gd. Corn, 43s, 6d. a 48s, Od, Barley, 4s. 94, Oats, ‘Be, Td. Peas, 44s, Liverpool Provisions Market. Livmrroon, May 7—Nooa. Provisions are without change, Pork, 77s. 64. Beef, 127s. 6d. Bacon, 398, Lard, Sle. 64, Cheese, 60s. Liverroon, May 7—2 P.M. Naval stores are tending downward. ‘Livexroot, May 7—Evening, Pork, 77a. 6d. Beef, 127s. 6d. Bacon, 398. Lard, Sis. 6d. Cheese, 603, Liverpool Preduce Market. Liverroot, May 7—Noon. Spirits of petroleum, 11d. Refined petroloum, Im Md. Pot ashes, 34s. Spirits of turpentine, 363, Rosin— Sales of common at 68. 94., and fine at 143, Tallow, werseed, 578. ve Livmnroot, May 7-2 P.M. Fine rosia has deciined to 13s. Liverroot, May 7—Evoning. Spirita petroleum, 11d. Refined petroloum, 1a 3d. Pot ashes, 34. Spirits turpentine, 34a, 3d. Rosin— Sates of common at 6s, 9¢., and refined at 13a, Tallow, 44s, ; cloverseed, 57s. ’ The London Markets. Loxpox, May T—Noom. No 12 Dutch standard sugar, 24s. Scotch pig iron, 62a. 6d. Calcutta linseed, 659, Linseed ofl, £39. Sperm oil, £131, Whale oil, £99, Linseed cakes, £0 15. Loxpox, May 7—2 P. M, Sugar is steady at 2s, for No. 12 Dateh standard. Loxpox, May 7—Evoning. No. 12 Dutch standard sugar, 24s. Scotch pig irom, 52s, od. Calcutta linseod, 668, Linseed ofl, £30. Sperm oll, £181, Whale oil, £30, Linseed cakes, £9 16, MARINE INTELLIGENCE. Disasters at Sen. Livenroon, May 7-2 P.M. Despatches have been received from Queenstown, which state that the ship J. R. Keeler, Captain Delano, from Liverpool for New York, recently put in there leaky. Conk, May 72 P.M. ‘The bark Venus, from Penarth, Waies, bound to New ‘York, put into thre port to-day, leaky. Liveeroot, May 72 P.M. Intelligence has been received that the brig Marshall, Captain Lee, has been condemped at Lagos, NEW GRGHTON, STATEN ISLAND, ELECTION. At the election which was held at New Brighton yee. torday tor four trastese, in compliance with chapter SIL of the laws of 1867, incorporating the village of New Brighton, four democrats were returned, as followe:— First ward, George Bowman, Sr., democras; Second ward, Adolph Rodewald, democrat; Third ward, David Moore, democrat; Fourth ward, Jobn Lafarge, domocras, ‘There was no trouble, although (t was anticipated, serious disturbances having occurred on previous occasions at the same places, But the presence of the police thie yoar was in a gréat measure the cause of so remarkable ‘8 quietness reiguing over the villages of ewater New Brightow ere See ly