The New York Herald Newspaper, June 1, 1867, Page 7

1 ‘ q ‘ NEW YORK HERALD, SATURDAY, JUNE [ 1867. EUROPE. The Derby Reform Bill Again Amended and Another Triumph of the Liberals. Naval Suits of Spain, Engiand and the Jef Davis Confederacy. The North German Constitution in the Prussian Parliament. Review of Maximilian’s Rule and the Responsibility of the United States Towards Mexico. Party Designations in England and “The Skeletons of Dead Par- . ties” in America. Bodnetion of the Rate of Discount, Financial Buoyaney, and Another Advance in British Consols. &e. BY THE CABLE TO MAY 3L THE REFORM BILL. Avother Amendment and New Triumph of the Liberals. Lonvox, May 81—Midnight, Yn the House of Commons two-night another division took place on tho Reform bill. An amendment was proposed by the liberals requiring that @ borough shail have a population of not less than ten thousand in order to be entitled to a seat in the Bouse of Commons. The division resulted in 4 victory for the liberal party, ‘who carried their amendment by a majority of one hua- dred and twenty-seven. . THE JEFF DAVIS NAVY. Appeni of the Ex-Rebel Marine Agents. Loxpow, May 81, 1867. In the case of the United States vs, Prioleau, the aj peal of Prioleau, the marine agent of the ex-rebel con- federacy in Kingland, against the seizure claim of the Waited Stares, bas beem admitted by the court, THE TORNADO CASE. A New Triat Gr &e. &e. ed fin the Spanish Prize Court. Maprm, May 31, 1867. The owners of the steamship Tornado have succeeded ‘@& obtaining a new trial of their case—the causo almost of @war between England and Spain—in the Superior ourt of Spain: - .GERMAN CONSOLIDATION. he Now Northern Constitution in the Prus- sian Parliament. Berm, May 31—Evoning. In the Prussian Parliament to-day the bill adopting “@he new coustitution of the North Gorman Confederation passed its second reading. THE FENIAN TRIALS. Progroes of the Special Comminsion in Cork. Cork, May 31, 1867. ‘The trial of Condom before the Special Commission ‘Bes resulted in the acquittal of the prisoner. FINANCIAL AND COMMERCIAL. fhe Bank of England Statement—Reduction fa the Rate ef Discount Advance in Consoln. Leubo;, Angi Milt ‘The reguiar weekly statement of the Bank of Eng- and, published this morning, shows that the bullion in ‘Ghat institution has increased £753,000 sterling. ‘The Bank of England has reduced its rate of discount 0 two and one-half per cent. ‘This very favorable financial exhibit has caused ac- and buoyancy in the money inarket and consols advanced to 95% for money. ’ AMERICAN SECURITIES ere without decided change. The following aro the @pening quotations. — United States five-twenties. ‘Tihaois Central shares: ‘Erie Railway shares... Loxpos, May 31-2 P, M. Consols bave advanced + since the opening and are Gow quoted at 95%, + There is uo change to report in the quotations of @Wnited States dve-tweuties or Erio Railway shares since Boon. + Mlinois Central Railway sharos have advanced {5 and Ado quotation at this hour is 77. P Lospox, May 31—Evening. t Console have steadily advanced and closed at 954 for money » American securities closed at the following rates:— \ States five-twenty bonds nots Central Railway shares rie Raitway shares. The © Fuankrors, May 31—Evening. United 3:ates bonds closed at 7 The Liverpool! Cotton Market. Livervoo., May 31—Noon, The Brokers’ Circular, in its review of the cotton mar- ket, puts tho sales of the woek ending last ing at {82,000 bales, including 27,000 bates on speculation and export. The market has been generally quict and Yesterday, however, an advance of id. was ed in prices. The market to-day opened firm Wend somewhat moro’ active, at last evonmg’s closing prices, viz:—11 "4d. for middling uplands and 11%4. for niddling Orivans, The shles to-day will probably foot up 000 bales ‘The total stock of cotton in port and on shipboard, ac- to the best estimates, is $11,000 bales, of which 000 bales were imported from the United States, Livenroot, May 31-2 P. M. Cotton continues quite strong, but we have no changes wo Teport ia the D00n quotations. Liverroon, May 31—Evening. ‘The cotton market closed quiet at the following author- Reed quotations:—Middling uplands, 114d. a LiMd.; Priddiing Or eans, 11K ‘The salos of (he day foot up 20,000 bales. Trade Report. , The advives from Manchester to-day wore favorabie, The market ‘or goods and yarns was buoyant. Liverpool B uffe Market. Livsnroot, May 31—Noon. Breadstuify are dull. Corn, 38 6d. Wheat, No. 1 Milwaukeo cod, 138, Od. and white California, 148. Flour, 0s. for Western canal. Peas, dis Oats, 3s, 6d. Bar. dey, de, 44 Poas have torlined Ls. Liverroot, May $1—Rvening. ‘The breaistuf™s market closed easier, Corn elined 34. ; sales, mixed Western, 995. 3d. per quarter. Peas area ng lower than at the opening; eales, Ca- madian at 405. per quarter, Oats firmer at 38, 64. per 46 Barley steady at 4a. 8d. per 60 iba Wheat and ae steady a previous quotations Liverpool Provisions Market. Liverroot, May 31—Noon. Provisions wnchanged. Pork, 82s. 64. Beef, 1328, 64. Mard, 498. Bacon, 39% 64. Cheese, 675, Laverroot, May 31—Evening. t The provision market fs wnchangod. Pork, 82a. 64. @nd beef, 152s 64. per bbl. Lard, 495 64. and bacon, Ps 64. porcwt Cheese. 67s. for fine American. Liverpool Prodace Market. Liverroot, May 81—Noon. Petroteum—Sales of apirite at 114. and standara white WOU Pet eahes. 718 Od Bonin Salen of commen Livenroot, May 31—7 P.M, at 7s. 6d. and fine at 136. Spirits of turpentine, Sta Tallow, 438, 94. Chover seed, 428, Livexroo., May 31—Evening. ‘The market for produce of all kinds is firm. Rosin— Common Wilmington, ‘%. 64., and fine American 133, Spirits turpentine, 348, Petroleum spirits 11d, and standard white 1s. 3d. Lond jarkets. Loxpox, May 31—Noon. No. 12 Dutch standard sugar, 24s. 34 Scotch pig iron, 63s, 6d. a 548, Calcutta linseed, G4. Linseed cakes, £9 15, Linseed oil, £40, . Lonvox, May 31—Evening. Sugar steady. No, 12 Dutch standard, 24s. 3d. Iron firm at 538, 6d. a 54s, per ton. Autwerp Petroleam Market. Anrwerr, May 31—Evening, Petroleum market dull and prices deciining, Sales to-day of standard white at 42f. per bbi, MARINE INTELLIGENCE. Taverroou, May 31, 1867. ‘ho «tramsuip Erin, of the National Steam Navigation Company's sine, ‘rom New York on the 18th inst, has arrived at this port. a BY STEAMSHIP TO MAY 21 The German mail “steamship Deutchland, Captain Wesseis, from Sontbawpton on the 21st of May, arrived at this port yesterday evening, bringing our Europeen flies containing details of our cabie despatchés to her day of sailing, two days later (han the mail reporta’of the Scotia, The Doutchiand tanded about eight hundred passen- gers. The London Times of the 21st of May (Tuesday) reports the race for the French Derby (Prix de Jockey Club), at Chantilly, which took place on Sunday, the 19th ult. By special cable telegram, dated on the @ourse at Chan- tilly, we gave a full account of this exciting turf con- test in the Hxratp tho same morning, so that the Amo- rican people were informed of the result through our columns just as early as were the aristocrais and sport- ing men of London, ‘The Paris Patrié publishes the following paragraph, which explains in some measure Napoleon’s idea in the purchase of the Dunderberg. The writer saye:— We have reason to believe that Prussian agents have been despatched to New York with the view of purchas- ing the iron-clad vessels built during the late war in the United states, but which since its conclusion have become in excess of the wants of that country. Among other vessels are mentioned the monitor Onondaga and the armored frigate Dunderberg, Tn the Paris Exhibition, on tho 18th of May, while Napoleon was inspecting the explosive electric machines exhibited in the Austrian department for the destruc- tion of vessels, a tremendous explosion was heard. Tho sensation experienced by the crowd was most pain{ul; but when it was known that the Emperor was quictly engagod in conversation with the engineer, a burst of hearty cheering broke forth and resounded through the gallery. The cause of the explosion was not explained. On the 20th of May Queen Victoria laid the foundation stove of the Hall of Arts and Science at Kensington, Lon- don, The ceremony was one of regal magnificence, and ner Majesty was received with a genuine outburst of en- shusiaem. An immense crowd attended. The musical pertoraances were as perfect as the Royal Italian Opera company could make them. ‘tthe Prince of Wales, as chairman of the committee, read an address to the Queen, Her Majesty roplied very briefly, and was back at Windsor early im the afternoon. In ‘he Honse of Commons, on the 20th of May, Mr. Lowe, M. P., delivered a lengthy and very able speech on the subject of reform and the effects of a large ex- tension of the franchise in revolutionizing political parcies in Groat Britain. In the course of his address he satd:— the parties of the present. The parties will not even tain’ their names. The imerican Bislory te (Hear, hear.) Federalist! Itis a matter of antiquarian research to know what a federalist is. Where are now the whigs of They as the ichthyosaurus; and who now knows anything of the Know Nothings and the freesoilers? These are names up to gratify a mo- mentary want of the popular mind, and when they bad served the which called them into use they coased to be, names we use are not particulary applicable to-day; originally the whigs meant es, and tories robbers, What is the difference between demo- orats and republicans? The fact is have no specific meaning. A democrat is generally a gg and a republican very frequently a democrat. has become absolutely meaningless as a distinction from the other, and neither expresses any very definite idea, The London Times of the 2ist of May details a ‘Maine Liquor Law” meeting, held im that city. We take the following extracts from the report :— Last evening the Hon. Neal Dow, of Maine, United States, usually called General Dow since the civil war, ivered an on Court of Common Council: for the occasion, on ive Prevention of Intem Pauper- ism and Crime.’ The chair was taken by Mr. Alderman Hale, and though the weather was uofavorabie, there casion, be said poverty, and crime were more ctoutively yoovelvet Te Waglend then ts nag other conn , and no English statesman of tay deoes prosate Finglish people to pat the ts t tl pathoct bad never yet, appeared ee ee ert eee Anow the reasn iy. The London Star of the 20th of May reports:— Mr. William Lloyd the distinguished leader of the American anti-slavery party, and Mr. Thompson, arrived at Liverpool in the Cuba on Saturday Inst. Mr. Garrison intends to make a stay of months in this country and on the continent, On Friday, at the unanimous request of the gers on board tue Cuba, who included gentlemen various parts of the Southern States, Mr. Thompson delivered an address, which was most enthusiastically received. Tho Paris Débats, after announcing the ratification of the Luxemburg peace treaty by the King of Prussia and Napoleon, says:— ‘We think that the present government, like the gov- erpment of 1840, wili do well to profit by the emotion caused throughout all France by the Luxemburg aflair and complete our system of defences. ‘The same paper advocates the necessity of France being propared for anv emergency that may arise, France has no desire to make war against any one; she desires peace, bat she also desires to be prepared for any event. In the Italian Legislature the Church Property bill of the Cabinet meets with some diiliculties in committee, Tn Florence King Victor Emanuel received a deputa- tion from the Chamber of Deputies to congratulate him on the marriage of the Prince Amadeus, and to express their gratitude for bis renunciation of four millions of his civil Net, The King, in his reply, adverted to the Present condition of Itaiy aud Europe, and said that he had welcomed with pleasure the Treaty of London, in which he was happy that Italy had participated, adding: Nevertheless, we mast form no illusions. Other com- ‘may arise from at present unforeseen events. @ shall be fortunate if, in this period of peace, we cceed in reorganizing the finances, The conditions of improvement are only courage and perseverance, Five hundred spanish political emigrants, who ac- cepted the amnesty of the Queen, had arrived at Irun. An announcement from the Governor of Madrid was posted up on the Bourse, denying rumors of disturb- ances at Barcelona. Tho Madrid correspondent of the Indépendance Belge, writing on the 15th of May, describes the political state of Spain thus:— Fresh arrests have recently been made. The demo- j transportation, Rico, and the latter to Fernando Po. Several merchants of the Caile Preciados have also been arrested. The population of Madrid bas become se- pane by all these rigorous measuros, and in- terpet ww hey omnes = been addressed to ¢ goverbment & deputy belonging to the Liberal Union; but the Ministers, otherwise occu; [From the London Times, May 21. If wo may believe the intelligence now 4 tially tranamitted from the United States, the fate of the pay a? Uo Ry indeed, Be meay reo years since Maxtm: ustria landed Gran to receive the crown me tee rétaro, leugth disappeared, and when the exhaus garrigon surrendered itself to the mercies of the enemy he was nowhere to be found. Whether he contrived to esespe to a piace of safety, or whether in any incidents of the fight or the fight be has met with his death, can as yet be only conjectured. All that is known is that he was not captured, but bis army has been utteriy routed and his cause is lost, This, at least, is the information now reported; and though the facts can hardiy be said to be yet established, they involve no improbabilitv, and they ‘appear to have obtained credit im the United Staves. It 46 not at ali surprising to learn that the sympathins of the Americans themsolves should bave been evoked by 80 distressing a story. Whatever might bave been the sentiments with which they regarded the Mexican em- pire, it was impossible to wit! hold commisseration from (he unfortunate Emperor, Maximilian had made no mistake but that of accepting thecrowa, As head of the State he had done his duty under arduous circumstances and in spite of heavy discouragement, If Mexico was ever to be a monarchy, he was as good a monarch as could be had, He tabored without remission or de- spondency at the hopeless problem of political recon- struction; he endeavored to establish a regular government, to insure publie safety, and to introduce popular rights, and he pursued those objects with as much impartiality as bis position admitted. He was un- fortunately identified to some extent with one of the two dominant factions; but he strove to conciliate the other and to do justice to all. When the protection to which he had trusted was ultimately withdrawn, he dis- dained to consuit his personal interest by abdication and retreat. He made appeal to the Mexicans tuemselves, and offered himself as Sovereign under the new cou- ditions of independent clection and popular approval. Finaily, be resorted to arms in detence of bis cause, and when overpowered by numbers rejecved all terms of capitulation wuich did not include an amnesty for his followers. His own life tio might probably huve secured, but he refused the boon unless it couid be extended to Vhose who hud fought by his side, . Ifanything were wanting to show the nature of the State which Maximilian undertook to reorganize, it ‘would be found im the particulars of these events, There isno government in Mexico, No administration bas suc- ceeded to that which feli with the uufortunate Emperor, Juarez, the last President of the republic, is at the bead of the forces by which Maximilian’s troops were de- feated, but he is not universally recognized, and a rival chief, Ortega by name, is already organizing a (action against him, In the meantime the military leaders are committing the most dreadful excesses without pity or remorse. At the capture of Puebla the Juariec com- mauder murdered in cold blood every officer of the garri- fon above therank of lteutenant. Ir was even thougitt so doubtful weether the life of Maximilian himself wouid be spared under like circumstances that the American gov- ernment inierceded with a request thatthe Emperor, if taken, might at least bo treated as a prisoner of war. Maximilian was no filibuster. He represented a ‘wittch we ourselves had adopted, The expediion whieh in its final resuits placed him on the Mexican throne was concerted by conseat between Englaud, France and Spain, {t was only by the operation of cir cumstances that the work was ultimately left to France, and there was ample justifleation ior the intervention itself, thougu there might be little policy in the form which it assumed. By the fail of the empire one chance of civilization has been lost to Mexico, The actual state of that wretched country is worse, if that be possible, than 1 was before the arrival of the alies, The anarchy is apparently more desperate, and the character of the strife is more sanguinary and horrible, Nor is there any prospect of Ppacilication, for Juarez, though he could destroy a government, can neither eonstruct nor maintain one, and it appoars to be believed that the United States, after forbidding and disemcerting the intervention of others, must attemp: an intervention of their own, The Mexicans are incapable of self-govern- ment. If life and property are to be secure in the coun- try, and if it is to be included in the community of Civilized States, the strong arm of some foreign Powor Must be employed to do what Maximilian was com- pelied vo leave undone. There may be a change in the instruments, but the work will be still tue same, It will not be easy, and we can well imagine that the Americans may be reluctant to undertake it; but they have brought it upon theirown hands. There would be little profit now in reviewing the errors of that policy in which the ill-starred empire took its-rise, Public opinion bad been miscalculated, even in France ilself, where the expedition was unpopular from. first to last ;’ but except for the termination of the civil war and the victory of the federals in the United States, the new monarchy would undoubtedly have been consolidated and the regeneration of Mexico gradually accomplished. The opposition offered in the country itself amounted to no more than the struggle of a despairing faction, and was soon overcome, itis not long since Juarez was a fugi- tive on the borders of Texas preparing for flight iato territory; but with the defeat of the Confeder- ates, and the of the Union and its principles, the whole prospect was . Meximilian’s enemies were encouraged and his patrons forbidden to interfere, The American government said the French must quit conseq\ His resolution did credit to his bravery and his intentions, if not to bis wisdom. It will probably be the opinion er that he deserved a better fate than he has found, and we cun but trast that he may yet escape with life from an enterprise which, whatever may have been its disasters, can never be set down to his dishonor. As far a3 bis personal administration was concerned it ps the Americans will now re- eume the attempt, They will experience the same re- sistance ; but iney will have igeriaeagventones over. coming it, wer cause, or principle, or policy they may procialm, they will find a faction in Mexico ready nore their intervention, and to rise in insurrection, like Juarez and his against the authorities es- tablished. This opposition must suppress, a3 the French would have done, by force of arms and with little | THE REFORM QUESTION. Mr. Lowe's Speech the Franchise Resolu- lion—Recenstruction of the British Constitu- tion. : [From the London Times, May 21.) The crowd of mombers which assembled yesterday in the House of Commons to learn how the Com; Householder was to be extinguished remained to listen to ono of Mr. Low eet ene seowtan on. ieticm. After the Chancellor of Exchequer had expiained that the government intended to introduce clauses into their bill disposing of the Compound Householder with- out further legisiath . Lowe rose. It is @ small phd ae last year did greater or speak with more bn Eom A Rs belief. bn x as merely impatience and popu! orance wilh probably suggest that the theme was an old one, and the matter had been before ; bat none it sufficient thus ‘to attempt jspose of Mr. Lowe's argument. With great fertility of illustration, with wide knowledge of his subject and earnestness of feeling alternating with caustic humor, kr. Lowe drow the horoseo future aod reviewed the conduct of the past, described what he held to be the probable consequeaces of that reconstruction of our electoral system upon which Parliament is evgaged, and chalenged the motives of the principal actors in the Progress of reform. Sparing no side avd no party, he taunted the House of Commons itself with weakness and littieness in hurrying towards @ consummation tt dreads while ituecks i, in obedience to a presumed necessity of its own creating, which extste—if, indeod, it docs exist— only ‘as the Nomosis of insincere hustings professions. if. Lowe's accusations and predictions must be met— if met at all—boldly and directly. It is’ to tittle purpose to say thatthe Reform act of 1832 traneferred political power from a limited to a numerous class, and that men Of the highest ability foretold evils as the consequences of that step which bave not come to pase, The allera- tion is true, but it is equally true that the process of popularizing the functions of government carried else- where to otber stages has produced the effects Mr. Lowe describes, and the plea thus amovats to no more than Careless confession that it is an evon chance woether we Gre about to improve or to deteriorate our political con- Stication. We must have some stronger reason for de- termining whether we are drifling towards te pontion France or of America, or simply Improving our existing national organization. Mr, Lowe’s ‘reasoning must be met by detailed examination and express counter arguments. Mr. Hen- ley, who followed Mr. Lowe, did not hesitate to grapple with the issues he had raised. He refused to allow the correctness of Mr. Lowe's predictions, and indeed gave some reasons for doubting their trustworthiness; bi is main argument was one of what the lawyers call a fession and avoidance.” Even if everything that bad foretold were certain to come to pass, the course House of Commons and government had noes f man sequences of foregone the only one they could safely adopt. Parliament can escape the con and the perpetual ineistance in Queen’s speeches the manifestoes of party leaders on the necessity of form bad made reform inevitavie, As Mr. Henley put state of things had been brought about (and hechar- declined to inquire by whom) where it became o juestion whether it was a more conservative and statesmantike policy to atrempt to settle the qi on, oF to allow “the pot to go on boiling till it overflowed.” if 5. E ae << There may be dangerous frankness in this statement but there can be no doubt about its truth. It is a cont of the powor of what feaaion, in piain, honest languaze, Mr. Grant Dut calls, at second hand, the and Des. tinies. The Crs which it reveals of the House of betray some marks of JI but it may be urged in ps ye 2 that the leaders of to-day inherit the punish- te Healey ‘ ir. y esterday’s fault, We hold, however, with that there was a necessity incumbent upon jov~ sound discretion in dealing pans can be moro Chen oF partial and reluctant con- cessions, especially when be doncensious are advocated by reasoning which supports a larger enfranchisement, and shows that the restrictions imposed are due to nothing but dread. To suppose that any reform of such ry kind “ cg " tation is a mere delusion. a may barty names and party watch- words will change; but If Federatist has given, y to a woneied th thant 0 an Republican, Ts bas su} iJ Protestant Chain. Conservatives ands last of alt Com considerable giving each voter liberty to dispose of his votes as he pleases, and in stoutly remsting all recasting of the re- presentation which would prejudies this ond. THE EASTERN QUESTION. Three Defents of Omar Pachn Reported in Constantinop!. ‘urkish Reform—Honer to ister, &e. ‘The latest telegrams from Constantinople report :—Re- Mable intelligence recoived here from Crete announces that Omar Pacha has heen thrice ised in @ great attack made on the insurgents at Sphakia, The Turkish government bas prepared for promul- gating the foliowing reforms:— The reorganization of the financial system. ‘The creation of a new Council of State. A nag Ml he ailitary schools; the change of all provinces into vVillucts; the gran! to foreigners ihe right of land tenure. wren ‘The improvement of the regulations ting the tenure of the Vacouf property, and the reformation of the procedure in the judicial courts, ‘The Rustian Ambassador has had an official audience of the Sultan and the Porte, and the same honors were paid him as to the French Ambassador. THE JUNE REGATTA OF THE NEW YORK YACHT CLUB. The following communications from the Commodore and Secretary of the New York Yacht Club, in relation to the entries for the’ annual regatia, have just been issued :— Orrick o THE Secretary New Yor« Yacur Ouvn, May 28, 1867, Sin—I am requested by the Commodoro' of the New York Yaeht.Ciub to present to the captains of yachts on pea the squadron the following communica- in Permit me, at the same time, to call your attention to the fifth and sixtu rules ot the Sailing Regulations, and also to inform you that the list of ‘eutries ” is now open at the Secretary's office, No, 45 Liberty street. Re- specttuliy, i, MORTON, Secretary. Sim—The annual regatta of the New York Yacht Club will take place June 13, agreeably to the resolutions pasted at its second general meeting, held at Elysian Fivids 16th ultimo, This contest has been established by the Club for the purpose of offering to its members not boat owners some equivatent for their active participation in the atluirs of the association, and to exhibit to the community, from whom it iraws its support, the yearly evidence of its growth and prosperity. The members of the Club have aright to expect that any vessel in commission belonging to the squadron will enier for the annual regatta, The Sailing Regulations, made by the boat owners, if unequal in their operation upon the different v . cannot with propriety be made the reason for declining’ to enter the race. If these regulations are imperfect’ they should be altered ; but while they exist the boat owners should sail under Rew whenever invited to do so by the action of the lub. You are urged, in view of these and other equally im- portant considerations bearing upon the reputation and prosperity of the Cinb, to enter your vessel in the com- ing regatta for June 13. Respeot! The following vessels have already been entered at the Secretary’s office:—Schooners Phantom, by Henry G, Stebbins; Magic, by G. L, Lorillard; Dauntless, by James FE, Bennett, Jx.; Widgoon, by Lloyd Phenix; Silvie, by Mr, Dodge; and sloop Annie, by F. Burgess. SECAETARY M'CULLOCH'S BACK TRACK POLICY. TO THE FDITOR OF THE HERALD, Mr. McCulloch has written another letter, He says he has suspended the contraction of the currency in defer- ence to the views of Congress) But Congress did not reecind the permission to continue the contraction; on the contrary, a majority were in favor of it or they would have deprived the Secretary of the authority to contract. The fact is, McCulloch is winding himself up very fast. A year ago he sold gold from choice, now he does it from necessity, the further iseue of greenbacks being the only alternative. Ho will use his gold up before very long, and then commence issuing currency. He cannot avoid this, A farther issue of greenbacks is inevitable, and the longer he continues his sales of gold and tampering with the currency the more he will have to issue, It is amazing to see how apparently blind the people are to the inevitable consequences of these continued gold sales, What is the special object of cheap gold? The people do not eat it nor drink it, it is only the foreigner who wants it. Itts used for duties, to be sure, but the people do not want cheap gold, even for duties, at the expense of their bread and butter. ‘The people need active, remu- nerative employment, They want the means of living. Isis of no use Lo taik of cheap prices, when people are losing money and the workingmen thrown out of em- ployment and deprived of the means of fe at any price. A man wants constant employment, and, if industry is prosperous, a day’s wages will always give him a living, without regard to the price of gold. If he can obtain no employment he will starve or steal or quit the country. If prices come ates nothing but dirtress, unless it results from a dimivished supply of carrency. If the supply of currency:canuot be diminiabed declining prices tore- shadow distress, bankruptcy, meagre revenues for the governtnent and a conflics between capital and labor, the resuit of which, in a country where universal suffrage prevails, cannot be doubtful. Labor will say, ‘(Here are two thousand millions ge hed bonds paying notax. Is this just?” will say, ‘Here are three handred millions of national bank notes, and five or six hundred millions of national bank deposits, drawing interest that is. wrung out ef the losses of labor (not profits, there are no any rofits accruing to American industry.) this Just” How long bt Ware Temain in a quiescent state under such ah existing Condition of things, when there is no bope of improvement and when maticrs are grees worse? Where is the government going to get its revenues? It was suchacondition of things that brought on "s rebellion in Massachusetts, at the close of the revolution, and if matters go on as thoy are now g0'ng, repudiat on will be the unavoidable conse- quence. ho is ing to starve for the benefit of un- taxed capital? t merchant or manufacturer will submit to the loss, of his iy or business tor the benefit of bondholders? ese are considera- tions for the statesman and for every patriotic citizen. It is not government ough: to tax their own securities, for this would be equivaient to an abate- ment of the interest or a breach of contract. Nor is it pretended that States should, either with or without the consent of Congress, tax government securities. Batit is claimed that there is a feverish, distressed, pinched condition of affairs brought on wholly without ee oar ho sonen end in | (unless «be Tepudiation), by the stupid obstinacy of one man, tl will result in serious disaster. 2 Some persons think the country ‘is eminently forta- nate in having so able a man to preside over our finances."’ Rafus Choate is once said to have exclaimed, “Oh, for an bour of Webster,” and we heartily echo the exclamation, for if that great statesman were alive, his mighty genias would summon the peopie to a sense of the impending danger. NEWS FROM FORTRESS MONROE the Spanish Steamer Experiments— Forrress Monro, May 29, 1867. A preliminary examination in the case of Wm. HB. Lyons, an employé in the Gosport Navy Yard, charged with having smuggled several thousand cigars by the Spanish steamship Ocoan Bird, has been made before United States Commissioner B. B. Foster, A great deal of evidence was taken and the Commissioner decided to hoid the accused for trial under $2,000 bondr. The Ordnance Board appointed by the War Depart- ment to examine into improvements of ordnauce details of the army, visited the Rip Raps this morning to con- duct a of experiments with General Gilmore's tron gun carriage. [t was their intention to subject the carriage to a teat of twenty rounds fired from a twelve inch Rodman rifle gun, but the trial will havo to be postponed for several days, owing to an accident. The cast iron pintle suapped in two at the first discharge. It will have to be repiaced ye wrought froa pintie. Loriilard's new yacht, the Challenge, which left New York last Thursday, arnved here to-day on ber to Norfoik for repairs. She wont as far south as i ', bat having run upon a can buoy on the coast started some of the oakum from her seams and is leak- ing somewhat, After repairs the Challenge will proceed to the West Indies to load with fruit for New York. Tho be @ sailer, Date, which bas been completely overhauled and refitted for the summer cruise of the Cadets of the United States Naval Academy, passed up the bay this morning on her way to Annapolit, The squadron sails from Annapolis on the 20th of June. Major Genoral L. Adjutant General of the United States my Me and will return to Washington me, Official notice is given that & Fresnel lens, of the first order, has been substituted in the Cape Lookout Light house, North Carolina. The change was made on the ‘2ist inst. The light should be seen at a distance of twenty miles. OUTRAGE BY DESERTERS. SPECIAL TELEGRAM TO THE HERALD. Fiondish Conduct of Thi Deserters from a Negro Regiment—Aun Old Wa The Guilty Parties are Taken fro thorities and Killed, &c. Leavewwortn, Kansas, May 31, 1867. On the 27th inst. three deserters from the Thirt y-eighth colored Infantry, at Fort Hays, went to the house of P. J. Peterson, on the Smoky Hill route, Finding Mra. Pe- torson, aged fifty years, alone, they dragged her into the cellar and outraged her person in a horrible manner, On the 20th inst. they wero captured, after a desperate resistance, They confessed their got and while being taken to jali were rescued by a mob and killed and their bodies thrown into the river. They wore the last of thirty who deserted ten days ago, and who have been a greater terror to the settlers than the Indians, _Mre. Poterson is hot expected to survive, FRENCH OFFICERS AT THE SPRINGFIELD ARMORY. Captains H. De Maluvonaat Gesemen ind 'M, M. Bluech and official delegation from the French ermmaants hae bona is Gon tine last two days operations. ihe past ot tania ter ew York MEXICO. Maximilian and All His Officers Above the Rank of Lieutenant Ordered to be Shot, CAPITULATION OF THE CAPITAL. VERA CRUZ READY TO SURRENDER. ke. &e. ke. New Ortrays, May $1, 1867. To-night I received a confirmation of the news of the fall of Querétaro and of the advices sent relating thereto, together with Official correspondence from Vera Cruz, ‘The intetligence from Vera Cruz says the surrender of the imperialists was heard of all along the lines. ‘The city of Mexico has certainly capitulated. General O’Haran was shot there for correspondence with ihe liberals, Vora Cruz will soon surrender. Upon the surrender of Maximilian Juarez sent to Vera Cruz, Puebla and the city of Mexico despatches similar to that sent to General Berriozabal at Matamoros. These state that all the «nperialists, their ammunition and supplies, were captured on the 15th inst, Maxi- milian and all offcera above the rank of licutenant are reported to have been shot at seven o'clock on the ening of the 16th, by officers who escaped and arrived at Brownsville on the 27th from Querétaro. Private let- tera received at Matamoros state that Juarez had ordered Escobedo to execute Maximilian and his generals, and the official paper at San Luis Potosi, after narrating the particulars of the fall of Querétaro, states that the Secre- tary of War forwarded orders-to Escobedo on the 16th to shoot Maximilian and his generals. Minister Campbell has received no despatches, but believes the news to be correct. He 1s indignant that the letter of the United States government has been so unworthily received. Tho news is universally believed here of the shooting of all. ‘The foliowing is the reply of Juarez to Escobedo an- nouncing the victory :— San Luis Porost, May 15, 1867, General Martano Escosrpo:— I have received and informed the President of your despatch of this date, announcing the taking of La Cruz and its occupation by our forces. ‘The citizen President of the republic directs me to express the gatisfaction with which he bas seen this important triumph, all of which ig due to the valor and = sacrifices of the troops of your command, so that you may make the same known to that corps of the army, and for which he congratulates them through me, ME ‘The liberal forces which took Querétaro started for the capital on the morning of the 15th, Commodore 8, D, Payan, of the Mexican navy, has been ordered by Berriozabal to command an expedition to Vera Cruz, Carmen and Campeachy, to terminate the struggle. ‘The liberals took possession of Brazos Santiago on May 24, and also of the steamer Gonoral Sheridan for naval purposes, LTA, The Effort of Our Government to Save t! Life of Maximili ‘The Mexicau Reply Minister Campbell’s Note. Sax Luts Potosi, Mexico, April 22, 1867, Sm—I had the honor yesterday to receive the commu- nication which you sent me from New Orleans on the 6th inst. You informed me in it that, for reasons which were understood, you did not come to present to the President of the republic your credentials as Special Messenger and Minister Plenipotentiary of the Un ited States, and that you have been in New Orleans since Decomber last. The government of the republic regrets that these reasons should have prevented you from coming to present your credentials in order to com- mence the duties of your office; for it would be vory Satisfactory for the government to receive you in your character of representative of the United States. You also informed me that the satisfaction with which the government of the United States looked on the retreat of the French from Mexico and the advance of the army of the constitutional government toward the capital, has been ‘disturbed by information received concerning the severity used with the Prisoners of war taken at San Jacinto. You also mentioned that it was the desire of the United States government that in case Maximilian and his partisans ‘were captured they should be treated with humanity, as prisoners of war. The enemies of the republic, wishing of the same, have impression = me, in Coeiem an unfavorable i iblican forces, without the ean ae ee ey out forces generously set at Notwithetanding this the public and her officers in general, giving constant examples of the greatest generosity. In this manner the republican —< Mexico has excited the sympathies of all civil- i race . The French gone, the Archduke Maximilian has do- sired to continue shedding the blood of Mexicans. With the exception of three or four cities yet domincered by foree, he has seen the entire republic rise agat him, Notwithstanding this he has desired to continue th work of desolation and ruin by a civil war, with: object, surrounded by some men known by their plun - dering and grave asaassinations and the most forward in bringing misfortunes on the republic. In case there be captured persons on simple prisoners = by the laws of mations and by the laws of the re- public. The kovernment, which has given many proofs of its principles of humanity and sentiments of jerosity, is also obliged to consider, according to the of the cases, what the principles of jastice demand and the duties which it has to perform for the welfare of tho Mexican The and government of pe Med emer 1 i ine heid in oa ighest estimation 1 an ernment : 7 lea Mexico. honor to be, Very respectfully, Your jient servant, SEBASTIAN LERDO DE TEJADA. To Lew D. Cawrnett, Envoy Extraordinary and Min- ister Plenipotentiary of the United states of Ainerica to the United Mexican States, Now Orleans, Louisiana. THE JAPANESE. There bas been a chango in « part of the programme of Maguire & Risley’s troupe at the Academy of Music this week. Hamaikari Sakadichi now balances a largo drum on the top of a revolving pyramid of tubs, an imperial tub, six feet in diameter (imperial tubs are of very oxten- sive dimensions), and a formidable structure of bamboo canes and wooden platforms called a floating bridge. The muscular strength of Mr. I. S.'s limbs is oxtraordi- nary, and there is no reason to doubt that he would feel as perfectly at ease and as contented with a brown stone front oa the soles of his feet as one of those tubs, The oating bridge is not like the Loew bridge, sane quite as crest a curiosity, aa far as utility is concerned. The tab i large enough for a Diogenss and all nis cynical followers. The matinee at the Brookiyn Academy yos- terday was an entire success. NEWS FROM SAN FRANCISCO. San Francreco, May 1867, The ship Seminole cleared for Now York to-day with @ faluable cargo, including 14,000 barrels of flour. The ships Emerald and Barings have cleared for Liv) I. Flour is firm at $6 50.0 $7. Wheat is dull at $2; the outside figure for choice, Legal tendors, 74. fer antering pleoee eountey orc wi a" W. BRADLES'S celebrated PATENT DUPLEX RLLIPTIC (a double spring) SKIRTS, are particularly adapted to the oat : ladies’ dresses, as indicat tn all the “At retail fa all rst clase stores, and at wholesale exclasive manufacturers, WESTS, BRADLEY 97 Chambers street, and 7) andi Reade street, N. ¥. Rsrene hetiens AEA ETAL the new atries of J. by the CaRY, le * Aen M. LESLRY, O06 Gixth avenue. . acunea ropaause UNDRMTIsa nee. Avent Qltes bi aS ae’ 8 digestion is imperfect every member, clarevery nerve aud bre is more or less ener eee ae ‘ord fuids I. The brain is clouds ‘Ths wl pressed ail drapes fow this to be theiratin en ever, Ralf the truth. Columns would be required a em. ‘Cao thi prevented? Can srg, be relieved? Can ie ns t be banished at once and forever? lonably they No dyapeptio has ever taken {01 STOMACI BITIEKS in vain, Belleve noone wh the coun pal is incurable, ‘This great v stomacii® will eruticate it—is eradicating it la thousands of cases over which medi Dra hye tioners have shaken thelr heads ominou. 4 " ing, “Nou be done. Toi faculty Gas its fallacie®, One of them ts that Indie gestion is the most difteutt of bag Margie ailments of Mankind to combat und aubdue. ia ® mistake. Nothe ing can be easier than to conquer it if the true speciic be administered. This vegetable com 0p. which ina bee come fauwus throughout the civil ‘world as HOSTER, TPR'S STOMACH BITTERS, is an antidote to the di: which has never been known to fall, ¥ nately, everywhere procurable. 11 you wish to fool with the dyes sie ry the pharr pions. If ve Foot it out and } Finke the Biwers das! ny in its favor. If nor woman wae has ever ied it: for in a without being benefited, the fact bas aot transpired, Unie versal, uncontradicted praise avouchos tte jul louie virtues. New York office 88 Dey street. . if \ & Games vm eS sos of Hoff's Malt Exiract Health Beverage into America 1s indeed a marob of 1 aaeaea 'e © to the most favorable report to New \ork Academy of Medicine, by ‘he Special Committee appointed by the Président of chat sclentiie body. ong hundred American Physioana, who have used themselves or prescribed Hoff's Mult Extract, G-eatest Tonic Appetizer and remedy for weak and cape cially tor consumptive pegple. ; n five hundred Cures rformed by Hos Malt Extract, 5 beverage iu Now Fork city, and stated scod tome, Holt Male Baraat Depo, And to the Rapid sate of Hots M1 in tour monthat Wm. Moller, Esq., D West Twentietn street, sare that it is the bost remedy for Dyspepsia, Price $6 per dozen. Sold by draggisia and grocers veep where, hg ee, wa ce No article in the world has had so oa sale o@ DRAKE'S PLANTATION BITTERS at sod bos cauae they were said to be good, well bec they are known to be good, “They have stood the tome limo, of wenk imitators, and of unprinclpled counter eitong.4 ‘The reason ts plain, The formula is published around e hottle, and they avé always made up to theoriginal standards ‘They are used in all the government hospitals, recomme: by physicians, and are kuown to always produce 4n immer dia effect. For clergymen, merchants, laws females and persons of sedentary habite they are wondertt ‘They create a healthy appetite ; they cure Lysyopala, Heads acho, Liver Complaint and’ Constipation; the; puri strengthen and invigorate; they make the weak airong, the melancholy brilliant. ‘No person who feels faint, w languid, depressed, unable to sivep, to eat, labor, or to on! Soclety, can afford to be without this agreeablo ‘and tonic, ‘They are sold everywhere, A Cure Warranted or Moncy Returned.—Dr, FITLER'S Vegetable Rheumatic hemody permanently cured Rheumatism, Neuralgia. Gout; warranted. harmle: Axents. DEMAS BARNES, 2. Pack row; HEMBULD, Broadway. All the Highest Premiums, 1566.—Eii Taek Stith Sew tig Machines, manntsctares ta Wheeler Wilson Co. Sold only by “Kiliptic 8. Bt. Co., 943 Broadway A.—Carriages, Harness, Saddles, Bridl Shesia, Ser ail siyics; good work.” “No Brosdwas e or profits. UFT'S Reposltory, 47 Vedar atrest. An Infamons Act. Tlow to recover : possession of Sunday by the people. How to prevent the Commissioners from becoming tyrants. How to save a manly body of police from being degraded to condition of miserable xples. See WILKE'S SPIRIT O} THE TIMES of this day, saturday, June Ist. The SPU is now ai ished regularly on Saturday insteed of middle of the week, aa formerly. : ie a! "se “Universal Ws e TET ie Seaitores General “doper, US eonte way, corner of Canal aircet. All st it Ph fh Alb: utr midatt balad Perophlot sad oe Wark prouply crecled at WEMYSS’, 174 @ street. A.—Foi and #1 eae arg” Both ound Peeekis lunkion Bowe @ared by Dr. PLRRY, 4 Bond street. Sold by all druggiate. arts the acl ap et oy int yd fo the ous, Factory rate ateoet. ‘ ” “ y the tind’ your ean sun betEward or forward evening Brasage fost, eso uew style: ah $36, “General depot ———__—___. sale Op TAPE STYLER Se Cadac tiecon, CaM Y” Cow aging aecoapitan hates canal WO beleraated ey {ts cooling and sootting properties, and‘ts admirabl) TS aa piaiia eatin a bene ypped ‘sed ‘sllaying’ the irritatiba, coused dy_the bites of mosquitoes 4 roadway. Brocatel. Te! For Curtains ‘and Upholsterers supplied, at '¥, Reps, d&e.. ‘urniture. New qusiliien KELTY'S 47 Broadway. pemtiel, Hatt Serta Ee, fet qouth beauty j imparts life and strength to the cetted asia fait drccning. “35m ‘pe aitan fashionable. hairdressers, ‘nod dealers to fancy goodse wae uP PNS RAH A” CHRVALICN Mt D., Now Yort, Sintec Pre AS E Dr, Von Elsonbera’s [Neavalgtp. — onder Bye, ar, Throat, Catarth and Asthma.” Odlee iat Filth owt abt d*g Summer Styles of Gentiomen’s Hats, @Destroy Moths and Dri tie (2 Broadwag. Dr. Hi clam for tang 5 Go exer Baker's Pistent Promiam Sowltag Guerlain, 15 Rue De La Paix, Parts. Ambrosial Cream for shaving. Fashionable Perfumes for the hankerchtet. Esti Lustrale for the baie. Eau de Cologne (preparation speciale.) Hatscand the mort Gecomine Wats sit Carn or vena s, this side of the Atlaatic are to be found a GENIN'S, Ne 513 Broad: way. If the Baby ts Cuttin U he 78 and well tine rome WES. THON Aa SYRUP, which greatly facilitates the process, and is sure bowels. Lt relieves the ehiid from pain, com oli jectons. se 4 Bon: street, Ph: stamp and receive his Teots acidity wind colic, and, by giving the infant quiet. patural # ves rest \o the mother. Ofices, 26 Fultom aireet, ork, and 206 High Holborn, London, Buglaad. Be sure and call for 8. WINSLOW'S SOOTHING SYRUP,” having the fac simile of “Curtis & Perkins" oo the outeiée wrapper. All others are base imitations ire thin, Stauth Ws Mites house to tet. Howorer pret be externally, it is impossible to judge of 1s merits w have seen thé {nside, If behind the ruby doors there plenty of pearl waite fixtures, you will exclaim at ones. “how beautiful!” To linpart the utmost possibly brilliaaer to such dental furniture, 19 keop it always sound and pers feet, there ia nothing like fragrant HOO DONT, 4 —Koox, of 23 Broa na’ g Latent, aks slideae uaciantee With hiv lawest style of geutleman’s hat, which exquistie taste ‘The fabric ta very ‘pe becomes almost every siyle of Ceaw. ally worn, Jiccingbent gm Sees GL. &J. B RELTY, 47 Broadway, Lace Curtains. ‘New Spring giyieg now ready. Coad SRRUTY, tar Brosaway. yon’t Forget Miller’a Cele Lerucdrabat ta Scie ‘O07 Casal cared a thee Sale ‘Union aquare. mre uomrrian Ogee REE ARUN eee, cha icetele, Cocaine, os Pee Low Li ee ee oubloous and a!l kinds of Gold and le TAYLOR & CO., Bankers, 16 Wall steost, MC, Reval Prizes cashed, ltoreationtenin Regal otters 4 Wail stroot, NY. KR. CLAYTON, 10 The we Min tog Mickie HEERS HOWE sewing machine), President, old Have Its Own Way in to Anniat adation of oonmumptio ar Yo cure she or Seid you have only to use atone APRECTORANT. Sold ov try where ‘o Leta ing the ute, Healing, Foot ond, Haves, of, of Solitude, and the Errors, Abus’ an: Reet A ak Lae ane aMietah an cross ers Oe Oe aia it Rennteam.