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i} NEW YORK HERALD. JAMES GORDON BENNET? PROPRIETOR. JAMES CORDON BENNETT, JR., MANAGER. BROADWAY AND ANN STREET. THE DAILY HERALD, published every day in theyear, Four cents per copy. Annual subscription price, $14. THE WEEKLY HERALD, every Saturday, as Five Annual subscription price orm por COPY. Ope Copy. Three Copies. Five Copies. Ten Copies... foe Any larger number addressed to names of subscribers $150 cach. Anextra copy will be sent toevery club often. Twehty copies to one address, one year, $25, ‘and any larger number at same price. An extra copy will be sent to clubs of twenty. These rates make the Wnxexty Heratp the cheapest publication in the country, JOB PRINTING of every description, alo Stereo. typing and Engraving, neatly and prompily executed at he lowest rates, Volume XXXII AMUSEMENTS THIS EVENING. BROADWAY THEATRE. Broudway. near Broome atreet.—Maney Wives or Wrxpsor. WORRELL SISTERS’ NEW YORK THEATRE, oppo. site New York Hotel.—Faa Diavora—Crsverecta. THEATRE FRANCAIS, Fourteenth street, and Sixth avenue.—Krouxniku. GERMAN STADT THEATRE, Zeun Maxpouxn unp Kein Ma 45 and 47 Bowery.— —BARDeRRR. OLYMPIC THEATRE, Bro: —Tx easune Trove, ACADEMY OF MUSIC, Irving place.—Tur Iwreriat ‘Tuoure or Jaranxse Anrists in Tein Wonvrnrun Frats. IRVING HALL, Irving piace Or Sicnona E. Vatentixt Para TRELS, 53 Broidway, opposite N Tigre ETHortan Ewrenrare- MENTS, NG, Da ano Bueuesques.—Tag Firixe Boups—lurxniat Jaranuse 1. KELLY & LEON'’S MINSTRELS, 720 site the New York Hfots!.—IN tuxin Sow. Fricrris, Burixs: Ovp Buiock—Tue Jars. Norns. Ecorn- &c.—CinpEn-Leos—Cuirs or THe FIFTH AVENUE OPERA HOUSK, Nos. 2and 4 West Twonty-fourth street.—Cr & Cutusty's Minsrrets.— Ermoriax Minstaxtsy, Bataps. Bueuesauas, &0.—Tue Bogus JaraNxzsx Juccixes—Tnz Statux Love. TONY PASTOR'S OPERA HOUSE, 21 Bowery.—Comic Vooautsm, Necro Mixsruensy, Buniesques, BaLuer DivERe ‘TuseMENT, &C.—THe FEMALE BLUR JACKETS. HOOLEY'S OPERA HOUSE, Brooklya.—Erarorray Mix. @reeisy, Battaps AND Burcxsqves.—Tue Puvixg Scup. THR RUNYAN TABLE ‘Twenty-third sireet and Rox OF THY Prcrin’s Procress—srxty Boanes. Matince Wednesday and Saturday a YX. Unton Hall. corner of Mire . Ne. 143 ND ANNUAL Coxcxat NEW YORK HERALD, THURSDAY MAY 23, 1867.~TRIPLE SHEET. Tho stock market was dull and boavy yesterday. | The Couater-Revolution Now Going Oa—Jol- Gold closed af 138%. ‘The markets were characterszed by extreme quictude yesterday, but values for almost all commodities were | without eascatial change. Coffoe, though quiet, ruled firm. Cotton was lower, with, however, rather more doing. On 'Change sound grades of flour were steady, while inferior were 10c. a 20c. lower, Wheat was dull ‘and nominal. Corn opened lower, but closed steady. Oats deciined 1c, Pork was shade casior. Beef and lard wore im moderate demand and firm. Freights were unchanged, while whiskey was firm, and maval stores generally more active and firmer, Petroleum was scarcely as Grm. MISCELLANEOUS. The steamer Merrimac arrived at this port yesverday from Rio Janeiro, Among hor passengers was John Newland Mafit, formerly of the United States Navy,.and more recently commander of one of the rebel cruisers during the war. Our Rio Janeiro correspondence is dated April 25, No news of importance is reported from the seat of war in Paraguay. The Baron do Herval, with corps, had arrived at Itapua to co-operate with Mar- quis do Caxias, and active operations would doubtless be soon commenced. The cholera had appeared in the allied camp and also at Montevideo. Tho rebels in the Argentine republic bad been routed and probably com- pelled to disband. The Iroquois, Kar! English oom- mander, had arrived from New York, having eacoun- tered severe gales, in one of which James Harby, # lands- man, was. washed overboard and fost, She was under orders for the China seas, Newspaper eocounts say the cholera was also in Buenos Ayres; and that general con- sternation prevailed among the people, the deaths ox- ceeding fifty aday. The United States Minister at Para- guay proposed vo the allied forces that the belligerents should hold a conference at Washington. The Argen- tine Confederation declined to accept. Our commercial advices from the Danish West Indies dated at St. Thomas on the 14th of May, roport:—We still have a very dull market for all American imports, the trade im those articles so seriously interrupted by prevalence of late epidemic, has not revived to the ex- tent anticipated, and very fow ordors have as yet been received from the neighboring islands formerly taking their supplies from here, Flour, extra Ohio, fresh landed, $12, Corn meal, $6 for Brandywine. Corn, in bags, $2 25, White beans, $3 50a $4 per bag. Canada peas, $3, Pilot and navy bread, $550, East India rice, 5c, a 53¢c. Candles—8's, 12s and 24's, lic. @ 16c. American soap, $1 3734 per box. In provisions tho trans- actions are very limited, considerable stock of inferior beef being offered at the weekly auction sales, bringing low figure. Mess pork held, from store, $20 a $22. Prime pork, $18. Mess beef, good, $12 a $14, Family doef, half bbis., $10 a $11. Hams, no tate sales. Butter, 24c. a 2c. Lard, 1c, a 16c. Cheese, no tate sales. Kentucky tobacco, no inquiry. Kerosene ott, Inst sale, 45c. market supplied with old fish selling at auction at low rates. A cargo white pine and spruce lumber sold, former $20, latter $16, and a lot white pino at $20. One million small chips have been stored, as our dealers would make no offer for them, Seventy thousand shingles at $4, The recent engagements in tonnage have been as follows:—British brig Hannah, 116, Fajardo to New York, moiasses, $3 75 a $3. Amorican brig Ambrose Light, 215, Ponce to Fall River or Boston, molasses, $3 623 a $3. British brig Argo, 165, Ponce to New York, 421g. gold. The money market has become somewhat easier, and sales of bills on London mado at 482% a 485, The bank drawing rate, 4923¢ for pinety day bills. American gold, 1 a 13¢ por cent premiam; Spanish doubloons, $16 32 a $16 40; patriot, $16. The health of the island is good. From all accounts the Fenian warriors are again about taking the field in “large numbers for the invasion of Canada. A movement toward organization aed concentra tion ‘ie genérai ‘throaghout the morthora. and westorn portion of New York and in other States. .A messenger has | Deon despatched by. the head circles to call the brothers to arms, and thirty thousand men are tobe concentratea on the border within “a month: The commissariat is said to-be well served, and large supplies of army atores are already warehoused in the vicinity.of St. Albans General Spear ts to cOmmand the invading army. On the other band, the Canadians afe alive to the danger, and are actually preparing to defend themselves. Hon. Jon Morrissey has been at Troy in conference with the Fonian leaders, and it is believed has been authorized to assure them that the government will not iaterfere with ‘heir enterprise, J The steamship Santiago de Cuba, bound from Grey- town to this port, ran ashore on the Jersey coast, near NEW YORK MUSEUM OF ANATOMY, 618 Rroadway.. Hxap axo Ricut Arm or Pronst—Tax Wastncton INA—WONDERS IX NATURAL History, ScreNCK AND ART. Open from 8 A.M. Ul 1UP, ML Laxcroees Da: TRIPLE SHEET. REMOVAL. The New Yorx Herarp establishment is now located in the new Heratp Building, Broadway and Ann street. NOTICE TO ADVERTISERS. Advertisers will please bear in mind that in order to have their advertisements properly classi- fied they should be sent in before half-past eight o’olock in the evening. THE WEaWws. EUROPE. By speciai tolegram through the Atlantic cable, dated at Epsom, England, yesterday, we have the announce. mont that the Derby stakes were won by the horse Hermit after an exciting race, of which we publish a vory interesting report. The winner came in by half a fength in the midst of a snow storm. Two hundred and fifty thousand persons were present on the turf on “Derby day.” The Prince of Wales, Prince Alfred, with @ fair eprinkling of the nobility of Great Britain were on the grand stand. All the favorite horses, Vauban, the ‘winner of the two thousand guineas, The Rake, Dragon, Grand Cross, Julus, and others were beaten. Napoleon's differences with the Freach Legislature on the Army Reorganization bill have been adjasted. Mr, Standfield, M. P., an English friend of the United States during the war, is dead. The Emperor of Austria opened the session of the Diet with a speech from the throne, The political agitation in Spain 1* tending to a serious crisis, The Fenian treason trials are continued in Dublin aod Cork, Ireland. The Atlantic cable of 1866, recently injured by a passing iceberg, will be in work- ing order in three wecks. Comsols closed at 93 for money in London. Five-twen- ties were at 72\¢ in London and 774 in Frankfort. ‘The Liverpool cotton market closed quiet, with mid- Ging uplands at 11d. Breadstuffs and provisions quiet. THE CITY. No cases of sickness were reported at Quarantine yes- terday, and the Commissioners arc now engaged in per- fecting their arrangements for the removal of the per- manont boarding station to Coney Island by the middle of the ensuing month. ‘The Friends of American Industry, a society favoring Congressional protection to manufacturing interests, held ‘an adjourned meoting at the Astor House yesterday. A constitution and plan of organization were adopted and officers of the association elected, Peter Cooper being ohosen President. Paul Schwartz, the drug clerk who copied a physi- cian’s prescription in Brooklyn recently, and made a ‘mistake by which Mrs. Mary Chambers, the patient to whom the medicine was administered, lost ber life, was discharged by a coroner's jury yesterday, although their findifg was that ‘the deceased came to her death through the culpable carelessness of said Schwartz." Two rival overs bad a duel back of Jersey City, about & young lady in Thirty-seventh street, yesterday. One of them was shot in the neck and seriously though not fatally injured. Horace Greeley, it is reported, wil! be arraigned before the Union League Clab for going on Jeff Davis’ bond. The rumor that the German lager beer dealers intend- ed keeping their saloons open next Sunday in defiance of the law is untrue, and it is said to bave originated Causolossiy with the potice authorities. The trial of John Kane, accused of arson, was com- Menced in the Court of Oyer and Terminer, Judge Killer, yesterday. Considerable testimony for the prose- Cution was taken, and the court a@journed uatil this ‘morning Judge Nelson took his seat on the bench of the ‘Tnitod States Circuit Court yesterday, the business of Whioh bas been for the last two months transacted by Judge Shipman. Judge Nelson will sit judicially this morning, and call on the cases set down for appeal to be heard botore the full bench. An ection was brought in the Marine Court yesterday by W. J. Harmar against Dre Beck and Jordan, of the Now York Museum of Anatomy, for the recovery of $276, for services performed by plaintiff in fitting up the establishment of defendants, who put in a receipt of plaintiff for the amount as an offset. The ‘a verdict for the plaintiff for the full at noon to-day (Thursday) for Bremen, touching at Southampton. The mails for the United Kingdom and the Contineat will close at the Post Office at haif-past ten A. M The steamship South America, Captain Tinklepaogh, ‘will sali from pier 48, North river, at three P. M. to.day (Thursday), for Rio Janeiro, touching at St. Thomas, Para, Pernambuco and Babia, The mails for the Bra- ila will Close at the Post Office at balf-past one P. M. The steamship Columbia, Captain Barton, will sail from pier No, 4, North river, a three P.M. to-day for Havese prohibitionists was held at Albany yesterday, resolutions were adopted denouncing croachments on municipal rights. The Executive com- mitteo was directed to call a State convention in Sep- tember next. y The lake steamer Wisconsin was destroyed by fire on the St, Lawrence river, six miles above Cape Vincent, on Tuesday night, Twenty lives were lost, ipclading that of the first mate, two engineers and the steward. ‘Tho vessel is a total loss. She plied between Ogaens- burg and Toledo, Atlantic City, during @ fog early yesterday morning. five of her passengers and two of her crew were drowned in getting the passengers ashore, Assistance was promptly despatched to the disabled vessel yoster- day afternoon, eventual rescue. and hopes were entertained of her Our Southern correspondence this morning is from Montgomery, Ala., and New Orleans, La. The report that the Mobile riots were participated in by negroes is positively denied by our correspondent in Montgomery, who was in an uncomfortably promicent position on the speakers’ platform at the time, and able to ece what was going on among the maddened crowd below him. Full details of the negro riots in New Orleans are furnished by our correspondent at that place. A meeting of the State Central Committeo of Anti- when legisiative en- ‘The French frigate Joan Wart, practice ship for the midshipmen of the Freach navy, is at Annapolis, where the annual examination of the midsbipmen of the United States Naval Academy is going on, A Bill of Rights has been drafted by the Commities on the Declaration of Rights in the Maryland Constitu- tional Convention, which will probably be adopted, and which deciates that negro testimony shal! be admissible io the courts in all cases, that no law of attainder for treason er felony ought to be made, and that no extra- ordinary test oath should be required on admission to office. Harry P. Taylor, an exproas clerk in Louisville, bid goodby to his friends on Sunday last, ordered a dinner at a restaurant, telling the waiter that it should be the last one he would eat, invited a negro boy to attend his funeral on Tuesday, and then retired to his room and killed himself with @ pistol. No cause beyond previous indulgence in drink (s assigned for the deed. General Butler is out in a card in which he repeats the story about Booth’s diary and the wholesale par- doning of deserters in Western Virginia by the President for an clectioneering purpose, and says that the phrase “bottled up’’ in reference to him was first used by him- self in an official report to General Grant, The new directors of the First National Bank of New Orleans have decided to resume business as soon as the government permits Thomas P. May and Wm. R. Whittaker have been arrested by the government and held in $25,000 bail each Joel Lindsey, who whipped his son to death, has been released from Auburn jail on bail in order that he may stand a pew trial, an order for which bas been’ obtained by bis counsel. ‘The trial of Bridget Dargan for the murder of Mrs. Coriell at Newmarket, N. J., was continued yesterday. Farther testimony for the prosecution was taken and the Court adjourned until this morning. Edmond J. Underbill, « resident of Washington, Dutedees county, N. Y., committed suicide on Tuesday, because he was jealous of his wife He had been married three times, being divorced from bis first two wives, who had deserted him. Wendell Phillips says that be wante words to express his opinion of Horace Greeley's part in the recent melaa- choly farce at Richmond. General Pope has deposed the Mayor and Chief of Police of Mobile aad appointed others to Ail their places. A tournament of the chivalry at Memphis camo of yesterday, and proved a decided success in point of num- bers, ten thousand persons being preseat. ‘The spring races of the Yale Navy came off yesterday, the Varana Clud winning both the gig and shell races. The champion boat race at Pittsburg has been Anally decided by the referee in favor of Brown. A petition for Jeff Davis’ pardon is being circulated by Southern men in Washington, and it is said typt the head rebel himself is no longer averse to sucing for clemency. ‘The trial of John H. Surrats will commence in Wash- ington o@ Monday, Judge Rawards Pierrepont having boon cncaged by the government im addition to other ferson Davieat Large. It will be diffloult.for the future historian of our great civil war, be his powors of descrip- tion what they may, to exaggerate the ills which that war bas entailed on all the sections and interests of the Commonwealth. After the passions to which that struggle gave birth have died out it will till be found that a large legacy of misfortune has been left to the nation. It is not merely that for upwards of four years war on a more gigantic scale than has ever yet been witnessed raged within our borders; that vast extents of territory were overrun and laid waste; that some of our finest cities were lev- elled with the dust; that trade in all its depart- ments was paralyzed; that our flourishing com- merce was swept from the ocean; that five or six hundred thousand men on the one aide and on the other proved their devotion or their patriotism with their lives; that the bitter an- guish of bereavement clothed the aoation in mourning; that thousands of maimed and help- less creatures in all parts of the Union contin- ually remind us of the severity and iniquity of the struggle; that the miseries of povetty were experienced by thousands and ‘hundreds of thousands among whom formerly . plenty reigned; that we are groaning under some three or four thousand millions of debt; that through the maddened passions which that struggle engendered our Chief Magistrate, for no greater fault than simply performing bis duty, perished by the assassin’s hand—it is not merely for these reasons, weighty as they are, that the rebellion is to be deplored. It is to be deplored for other reasons than these, and chiefly for this one—a reason which hitherto has been lost sight of—that it has sowa the seeds of future misery and disorder which centuries of good government and wise legislation will be impotent to destroy. Unloss we admit that civil war had become a neces- sity, guilt, grievous guilt, must lie at some door. As we cannot admit the necessity we have no choice but to proclaim the guilt. At whose door, then, are all these miseries to be laid? On whose head is this gigantic evil to be charged? On whom is that guilt to be mainly fastened? But one answer comes to these questions from all parts of the mighty North, and even from many parts, too, of the humbled and suffering South, and that answer shapes itself into the name of one man, and that man is Jefferson Davis. It was bis hand that lighted up the flames of civil war—a war which has begotten such a brood of miseries to him- self, to his fricnds, to the South, to the entire American Union. If political offences are pos- sible in a republic, it the word treason has any meaning in a self-governing community, and if it is treason to plot and attempt the ruin of our country, then, from the moment the first rebel shot was fired at Fort Stumter, Jefferson Davis stood.eonvicted of the highest political offeace known ainong, méa. “He .played the traitor’s part.- Successful, ‘he would have reaped the bonior. . Unsuccessful, he. couid only count’on the teaitor’s doom. He Wis tinsnopessful. ‘Not only so—he fell into the hanis of his enemies. What has followed? How bas this arch-rebvel been treated? Has he met th fate to which the English Parliament was bold enough to deliver Charles the First, and to which the French Convention, with equal boldness, though perbaps with less justice, doomed Louis the Sixteenth? Nothing of the sort. Will it be credited by future generations of (he American people that this author of so much misery, this disturber of peace, this destroyer of human life, this scourge and ruin of his country, bas, after two years of imprisonment, at any time during which trial was prac- ticable and easy, been permitted, till untried, to resume his liberty? Yet ao it is. Without having undergone even the shadow of a trial, Jefferson Davis is again a free man. Blood has been poured forth in actual torrents, parents have laid their children on the altar of their country, the flower and promise of our young men have perished, suffering untold and inconceivable has been and still is being en- dured, and for what purpos:? To put down this iniquitous rebellion and to bring traitors to justice. The rebellion has been put down; traitors have fallen into our hands; but Tustice!—we know not where to find her. She has abandoned her uative seats, and where she was wont to be seen in pride and purity and honor, Corruption sits, with bold and unblush- ing brow. No; the chief traitor has not been punished—has not even been tried. Not only so: under the flimsiest and most wretched pretext by which the course of justice was ever averted, and by the aid of pretended patriots and purists and would-be pbilanthro- pists, he has been set free. We suffer—the entire American people, North and South, suffer—because of this man’s offences; but the offender himself escapes with impunity. Such is the condition of things to which the nation bas been brought. The condition, cer- tainly, is pitiable enough. Who is to blame for it? It was natural that Jefferson Davis should desire liberty. That he is tree is as little his fault as that he has not been tried. Now, however, that we are rid of him, we have to deal with another class of offenders. Who, we ask, is to blame? Some say the Presi- dent; some say Uhief Justice Chase; some say Congress; some say Judge Underwood. The partisans of each of these, we understand, are very keen. Of one thing, at least, we are certain—the blame does not rest with the people. We do not feel disposed to go in for any one of the above mentioned parties. Whether the blame rests more with the President than with the Judiciary, or more with Congress than with either, we are less certain than that it will be divided among them. [t was equally in the power of the President, the Congress, the Judiciary, to force on the trial. All have failed. The people of the United States have been befooled and disgraced in the eyes of the world—and by whom? By their acknowledged and elected heads. Worse than that, they are being ground down by a system of the most meddling and oppressive taxation which any nation has ever experienced. For what pur- pose? To punish treason—treason which bas been declared impossible in the republic. By whom has this declaration been made? By their acknowledged and elected heads. We have tried to put the question clearly before the minds of the American people, knowing, as we do, that the instincts of the people are just and right, and that in the long run they will respond to what is true. We drop the subject for the present by leaving to the con- sideration of the great public two questions: First—Who ia to blame tor this failure of jas toe? Secoud—Siace justion bas failed, since | treason is not treason, and since we have been bearing the present burden of debt in the belief that treason was treason, is it worth while bearing it any longer? ‘ ‘The Prepesed Sale ef the Public Property. The Commissioners of the Sinking Fund have taken into consideration the proposition of Comptroller Connolly to sell at public auction the markets, piers, wharves and slips, and all the unproductive real estate belonging to the city, and to apply the towards the payment of the public debt. At a meeting held on Tuesday last they referred the whole subject toa committee of their body, with in- stractions to report on Tuesday next. They also adopted a series of resolutions requesting the Comptroller to report at that time the amount of rent for piers, wharves and slips due to the Corporation, and withheld by the lessees on the ground that the city has failed to put the property in proper repair, in con- formity with the clause in the Brennan leases ; directing that officer to appoint three compe- tent persens.to repert- forthwith upon the con- dition of the piers, wharves and slips, and the amount which will -be required to put. them. in thorough repair, and inviting a meeting of citizens interested in the question, to be-held at the hall of the Chamber ot Commerce at an early day, to consider the question of their sale. As these are matters of much moment to our commercial men and taxpayers, it is to be hoped that the invitation of the Commissioners of the Sinking Fund will meet with an effective response. It has been charged upon the busi- ness and responsible portion of the community that, while they deplore the corruption of the city government and the heavy taxation it causes, they neglect the power that they pos- sess to protect themselves and secure reform by a combination against the corruptionists. They have now aa opportunity to accomplish some good. The Comptroller points out to them the fact that the markets are of no profit to the city treasury and of no benefit to the people ; that, on the contrary, the political leeches fastened upon them more than absorb all the rents they bring in, and that they are grossly neglected and a disgrace to the city. He shows them that a large amount of real estate belonging to the city is leased out to the associates of the Corporation rings at mere nominal rents, which, if sold, would ‘yield enough to pay a considerable portion of the public debt and save the taxpayers six per centinterest thereon. He states furiher that the piers, wharves and slips are in an unsafe and ruinous condition ; that they are an expense lo the city and at the same time injurious to the commerce of the port. He has already solda portion of the city real estate ‘or some cight hundred thousand dollara, the !ease3 of waich were mainly in the bauds of the hangers-on of the old Street Commissioner's Department, aad, from which the’ city. was deriving a me: nominal income. est “Phere thay be considerations against selling ‘the piers, wharves and slips; but there éan be no question that if retained in the hands of the city they should be properly repaired and leased at rents sufficient (o prevent (hem from being any burden to the taxpayers. Hitherto they have been as much a source of bargain and corruption as any other portion of the city property. There are soms who believe that if sold in their present condition they would oot realize their real value, and that the purchasers, instead of putting them in re- pair, would patch them up just sufficiently to enable them to land goods upon them and make all the money they could out of the wharfage. It must be remembered that a dock worth (en thousand dollars can collect as much wharfage as one that costs one hundred thousand dollars, provided it can accommodate an equal number of vessels. On this consid- eration many are inclined to believe that if the city should repair the public piers and wharves and dispose of the leases honestly, without fraud and collusion, with a fairly remunerative rate of wharfage authorized by the Legislature, we should secure an amount of rent not only sufficient to meet the interest on the present outlay and the cost of future repairs, but to lay by a small amount to form a sinking fund for the eventual payment of the debt of two or three million dollars which must be incurred to put them in proper condition. It is argued, further, that the river fronts must largeiy increase in value with the growth of the commerce of the city, and that it would be difficult for the most sanguine calculator to overestimate the sum they will eventually be worth. On the other hand, the advocates of the sale contend that under private competi- tion the docks and wharves are more likely to be put in a condition to meet the aecessities of commerce; that they can never be made remunerative in the hands of the city, and that the commerce of the port will always find a sufficient protection in the authority over the rates of wharfage, &c., vested in the State Logislature. So far as the markets and the unproductive real estate of the city are concerned, there appears to bea general acquiescence in the Comptroller’s proposition for their sale. The markets are @ disgrace to the city, and they always bave been and probably always will be the prey of the Corporation vultures. Let us get rid of them altogether, and let private competition give us sufficient and handsome markets. The taxpayers have been victimized enough in order to support the corruptions of the Corporation rings and to maintain the political bullies and paupers who have been pensioned by the leaders upon the city property. Now that we have a Comptroller who seems anxious to do his duty and to protect the city from further robbery, let the people strengthen his hands and call upon those who have the power to aid him in carrying out his measures for municipal reform. Greeley’s Last Gift Eaterprise. Now that Greeley has succeeded in getting Jeff Davis liberated on straw bail, he is turning his attention to the gift enterprise business. He has already tried the expedient of distributing garden seeds and strawberry plants and sweet potato roots to any person who would bring him a subscriber. Not finding a response to these liberal propositions, he now offers a photo- graph of himself to every one who will take his paper for a year. A country newspaper last summer proposed to bestow a photograph of the fattest pig exbibited at the county fair upon every now subscriber; but even this in- ducement failed to sweil its list. Gift ontor- prises ace ao longer successt! ‘The Law of Libel-The Case of Mr. More Against the Herald. We print in another column the judgment of the Supreme Court, General Term, and the points of counsel in the euit brought against us by Mr. More, for an alleged libel published in the Human. The expression to which ex- ception was taken formed part of a letter from Mrs. Kimball, the widow of Major Kimball. Referring in this letter to certain articles as in the possession of a “prostitute,” she further said that she understood this person to be “under the patronage or protection of a Mr. More, agent of the Central Railroad.” Mr. More’s counsel alleged that these words intended to charge and did charge him “with having under his patronage or protection a prostitute.” The case was first heard before Judge Bar- nard, at the Circnit Court. It was submitted by our counsel that, accepting even the plain- tiff's own interpretation of the words, there was no libel ; because there was no suggestion that the protection was improper or immoral ; that the protection of a prostitute might be, under some circumstances, highly benevolent and praiseworthy ; that the words ‘being thus at least ambiguous it was a sound rule, part of “the broad morality of the law, that when words are susceptible of two interpretations, one bad, the other good, it must be assumed they were intended in the better sense. Our counsel claimed that the Court was bound to presume that if Mr. More had such associations they must be for proper and moral purposes, was, in fact, bound to suppose better of that gentleman than his lawyers did when they advised him that our publication was a libel. Judge Bar- nard held that these points were well taken; that the plaintiff had no case and dismissed his suit, refusing him leave to amend his com- plaint. The plaintiff then appealed for a new trial at the Special Term, before Judge Foster, a legal light from the Western part of the State, who granted the appeal. Against this decision we carried the case to the General Term, before Judges Leonard, Clerke and Sutherland. Here the ruling of Judge Barnard was autboritatively approved, and it was clearly laid down that only words. that tend to injure can be alleged as libellous, and that their actionable nature as a libel can- not be sustained unless it is shown that they were uttered or printed with malicious intent. Thus Mr. More’s case lost both, ita feet. No malice could be shown, and the words did not necessarily tend to injure, since they were susceptible of an innocent interpretation. Weak as the plaintiff's case was, it was made worse by his lawyers, who had omitted from the complaint such a apecification of the way in which the words printed might have been an injury as would, perhaps, have made a mat- ter of fact for a jury to decide. Judge Leonard also administered a quiet rebuke to Judge Foster, whose assumption of a better know- ledge’ of the law bad overruled at Special ~ This jadgment throws some olear light. om the important ‘point of svite agninst newapa- pers for libel. ‘Such suits: were at one.time the great staple of the Tombs lawyers. These tellows used to bunt through the journals for any mention of a man’s name, and rush to: him with an offer to undertake the case and accept part of the damages as their fee. Forti- fied by some crude notions on the part of the public, such as the greater the truth the greater the libel, these fellows found meny victims. Often they had a certain encouragement from the journals; for many would settle by paying a certain sum rather than suffer the anvoyance of a suit. Thus the terror of the law became a common means of extortion. Many actions were brought against the Hzrato in that way, and the game was not stopped until it became fully known among the small lawyers that we would carry cases up to a full legal determination, and would rather spend ten thousand dollars in the courts than to settle for ten cents. No one decision, of course, could determine the infinite points that might arise under the law of libel; but this case determines dis- tinctly some of the very important ones. First, it shows that everything is not libellous that men may so deem or consider themselves libelled by, the law regarding that men’s lives are as pure as they ought to be, which some- times, perhaps, is purer than they are. Second, that for any libel there must be a concurrence of a malicious intent and an injurious ten- dency, either apparent in the words or shown by evidence. German Consolidation—Diticuky Still In Ite Way. The consolidation of North Germany is not yet complete ; nor, if we are to judge from our recent cable and mail intelligence, are the difficulties in its way diminishing. A cable despatch, dated, Berlin, May 21, and which we printed in yesterday’s Henatp, informs us of the discovery in Hanover of a deep-rooted con- spiracy, Involving several persons of note, and having for its object the assassination of King William and Count Bismarck. At the same time we gave details by mail of the meeting of the Saxon Chamber of Deputies, at which the new constitution for North Germany was adopted—details which show the utter and ab- ject helplessness to which, in the Confedera- tion, Prussia has already reduced her smaller neighbors. The new constitution was accepted by a vote of sixty-seven against seven; but with scarcely an exception every speaker openly and honestly avowed that it was ac- cepted, not because Saxony approved of it—far from that—but because Prussia commanded it. With assassination plots in Hanover and such unconoealed disaffection in Saxony, the ingenuity and energy of Bismarck are likely to be sufficiently taxed before his proposed work is fully accomplished. The death of that statesman might leave Germany more chaotic than war. The state of things which has thus been brought to light confirms us in our opinion that im the late difficulty with France, Prussia was, perhaps, too sanguine of success. The German people love unity, and for that they will do much ; but they also love liberty, and for that they may do more. Another Chance for Greeley Straw Ball Needed. Our Richmond correspondent states that several individuals: have been presented and indicted before the Grand Jury, in Judge Underwood’s court at Richmond, “for grave offences, treason being the principal one.” The head of the rebellion having been set free, the minor offenders cannot fear any punish- ment. But here is another chance for Greeley and Botts to oxhibit their philanthropy by going straw bail fae robots Betts—More howl over ft, and well they may; for they have for more than two centuries enjoyed almost a monopoly of the East India and China trade. From the time they begged « little spot ef wresting a rich province from the hands of some inoffen- sive prince, again orowding opium down the throats of the Celestials. Wherever we go im China we find evidences of British rapacity and ruthless plundering; and at length it appears that the Chinese are awakening to the fact that there exists a nation desirous of deal- ing honorably with them, and who have the means, the energy and the disposition to opea up their internal trade and place thém in com- mercial relations with the best markets of the world. Aa in Europe, a0 im the Asiatic world, England is fast assuming a secondary position asanation. The above mentioned privileges conceded to American houses show that we not only compete with England in influence at the Chinese court, but that our ability to con- atruct the fastest and best river steamers in the world is appreciated even in the oldest of the world’s nationalities, Our growing Chinas trade is destined to assume immense importance in the future. Once our Pacific Railroad is finished, it will spring into a new life. Woe shall then leave New York and inside of four weeks take tea with our Canton friends, muck to the disgust of John Bull, who will bo unable to enjoy a similar pleasure until ten days after- wards. Thus, giving us ten days the start, how can Old England ever catch up with us? The purchase of Russian America has doubt- less warned the Chinese that we are marching towards them. Two more mouthfuls of equal Coast extent will gobble them up. They see the young giant coming, and believe that it is necessary to propitiate him with small peace offerings in different parte of their flowery kingdom, despite the howl of the English traders upon whose royal perquisites we are encroaching. The opening of our new line of steamore with the Sandwich Islands and Eastern Asia has set that whole coast to thinking, and now the old Rip Van Winkle of nations is hobnob- bing with the youngest, and, consequently, the sauciest of the lot. We are shaking hande across the Pacific, and, not content with that, we are sending our little steam waits far inte the great interior of the Geléstial land, torouse old China from its lethargy and give it a aew birth. ramifications of: our commerce cannotbe over- has poured into the British Islanda, to overiond English coffers for so many years, and enabled them to dictate to the world, is ‘now foreshad- owing its movement towards the United States. No effort on the part of our English rival cam stop it., We have the advantage of goographt- cal position, and this is so great that even their energy cannot avail to divert the Indie trade from us. The discovery of the route to the Indies by Vasco de Gama killed ail: the Medi- terranean commercial cities and made the Atlantic coast of Europe what it is to-day. Se the opening of the great India trade and the navigable Chinese streams by our river steam- ess will make the Pacific coast the great centre of distribution for Indian wealth. Visit ot Abdul Aziz to Paris. The Paris papers give us s0 many rumors concerning the projected visits of Buropeam sovereigns to the Exhibition, that people may well be excused a little incredulity on the subject, the more particularly as some of theee announcements have been contradicted almost assoon as made. That which reached us om. Tuesday by the cable, stating that the Sultan of Turkey had made up his mind to follow im the wake of the two or three royal personages who have already arrived there, \d seemn at first sight extremely improbable. The well known indolence of Abdul Aziz, and the shock that such a departure from the ideas and prejudices of his predecessors would give te his Mostem subjects, are certainly against his attempting the journey. On the other haad, we have a number of circumstances which would go to support the correctaess of the Statement. In the first place, the position of affairs im the East has become so critical that it would almost seem to necessitate a personal inter- view between the Sultan and the sovereigns who are most interested in maintaining the integrity of his dominions—the French Em- peror and Queen Victoria. Louis Napoleon has a scheme on hand by which he thinks he can settle the differences between the Porte and its Christian subjects without its giving up Crete or any of its other European possessions. Then we know that French influence has latterly become paramount at Constantinople, which is fast assuming the character of a French city. The new streets are being designated by French titles, and French nunneries and educational establishments are fast multiplying in every quarter of it. Not long since the Sultan ceded a very valua- ble piece of land, on which the old harem for- merly stood, to the Sisters of Charity, for an orphan school; and when, in order to convey the title, it became necessary for a high digai- tary of the government to be present, he sent a letter to the mother superior expressing his regret that the inclemency of the weather pre- vented his going there himself. The incident serves to mark the extraordinary change which has taken place in the Moslem mind concerning Christianity and its professors. For some years past the revolation has been quietly pro- gressing through the influence of the young, Turks who received their education in France, and who returned to Consteatinople emanci- pated from the fanatical notions with which they hed been early imbued. The Sultan him- self is a man of very liberal ideas, and, if he were less disinclined to work, might do a great deal for the advancement of his people. That he should undertake a journey to Paria during the Exhibition would be consistent not merely with his tastes, but with the political neceast- ties of his position. The event, therefaro, improbable aa it may seom, is just aa likely to ooour as the visit of any of the other grownar.