The New York Herald Newspaper, July 17, 1867, Page 6

oy 4 NEW YORK HERALD. JAMES GORDON BENNETT, FROPRIETOR, JAMES CORDON BENNETT, JR. MANAGER. ~nenananennds BROADWAY AND ANN STREET. All business or news letters and telegraphic deapatches must bo addressed New Yore Henao, Letters and packages should be properly sealed. Rejected communications will not be returned. ssesecresceeeed ‘. No. 198 AMUSEMENTs Titio AFTERNOON AND EVENING. BROADWAY THRATRE, B: sirecl~ADRIANKE, Tum Aoraesn, near Broome WORRELL SISTERS’ NEW YOR! 7 ale New York Howe —-Brsce Susur, UE AT#E OPP OLYMPIC THEATRE, Bronlway.—Tar ARAss AND THR Rep Deacon Trocre oF Jaraxxse in Tuxim Wonpenrut Preronxaxces. RY THEATRE, Bowery.—Nicx Watrrixs—Poor pt—Neigunon'’s Wir. Bevxrit oy Keays, at Two ACADBYY OF MUSIC, Irving plios.—Tae Minas Jaraxdgs Teours wr Tumis Asroniulse TERPORMANGES. BANVARD'S XW Yor ‘Thirtiet’ sirest,—Corsocstes ‘e Dawvaiox—Loaw or 4 Lo’ ». MACE GAR a rns Pitty ain. CERTs, By, and ae Cox. Avcuue, Pitty. Tuowas Porvean: 473 Broadway.— Wes. Erwiorian, Bt * HOOLET'SOPBRA HOUSE. b. Og rae ate: =~, “RICAN TUBATRE, womiaa, Boney, sTRELSY, BALLADS AND BURLESQUES.— Nana, NEW YORE MUSEUM OF ANATOMY. GIS Fixap ano Ricut Arm or Proast—Tuz W Fwans—Wowrvens m Natonat Histouy, Scunce Lnerurss Darcy Oren trom 8 4 WWF. ah New York, W dnendayy July 17, 1867, THis NEWS. EUROPE. The news report by tho Atlantic cable is dated yses- terday evening, July 16, Rome isj seriousiy menaced by the Garibaldians, The Pope, we are told, appealed to Napoleon tor the protec: tion of the Holy See, and tbe Emperor has warned tho ‘King of Italy of the threatened movement of the Gari- Daldiang in the city. The Derby Reform bill has been passed by tho House ons, and is boing rapidly matured to comple of Soria, Be a i . mass, the Ua18d States Ming tion by thé Hotee pr momaptes 4m London, with the other members body, congratulated the Sultan of Tyree pee. pisiarg ‘The Amoricans residant in LoBI"" | aan gudience of tho Tarkist ruler. Consols closed @ 943° for money in London. Five- twonties worm 4. 723¢ in London and 773¢ in Frankfort, Tho {A erpool coiton market closed with middilng oplare’s at 104d, Broadstulfs frm at an advance, Pro- ‘vistas advanced and closed firm, '. Mino mails of the Cuba turaish some interesting de- bails of our onbie despatches to the Tth of July. Tho news of Mazimilan’s execution had boen eon- firmed, and produced 8 profound sensation in England andon the Continent. The President of the French Senate was omptatic in his condommation of the action of Juarez, A Paris letter says the “only sovereign now ruling in mon’s minda is the wretched widow at Mira mar," Tue London Herald asserts that a great responsi- Dility rests on Secretary Seward with respect to the present acd future of Mexico, * A Paris letver writer ea: Istely in pageant in th Napoleon the Third, with elbow. CONGRESS. In tho Senate yosterday Mr. Wilson offered a subati- tute for (he House bill for the rolief of certain desert which was passed, P nding debate ona Dell to eat peace with tbe Indians, the Senate adjourned, Im the House, tho resolution relative to the creation of a Metropolitan Board of Int Revenue in Ne York was ndopted. relative to rec tants of southern that of all the sovereigns y Temained an’s ghost at bis nal nable the inhabi- vernments, were be governed by three civil. Congress; that their readmission to the Union is the ther the President, Mra, Horace ng on the Comptre riain reports wore @ ensued on tho right oa adjourned until this it trial yesterday, several important wit- 3 were pincod upoa the stand. An ex-rebel chap- named Cameron, gave evidence of considerable ting to discredit the evidence of Dr, McBIil- tding the admissions of Surratt on the voyage Lewis J, Carloed was recalled, and testified wn ofiicor In his (wit. nose’) preeonce that if ho did not testify to more than ho bad already told, he too would be hung. The actor, Mathows, testided to having recoived a lotter from Booth on the 1ith of April, which he bad burned whea the murder was committed. Pending @ discussion on the admission of evidence rogarding the contents ef the letter, the court adjourned. Advices from Tampico, Mexico, state that Gomez and Canales are again in rebeilion, this time threatening the State of Tamaulipas, which partly borders on the Rio Grande. Tt is sarmised that they will pronounce for Ortoga, and thereby enlist the aprvices of the flibusters im New Orleans, who wish for an opportunity of aveng- ing Maximiian’s death. ‘The town of Bessetarre, in the island of St, Kitts, ‘Wost Indies, was almost totally destroyed by fire on the night of the 3d inst, Five lives were lost, It was the only town om the island, and considerable destitution existed among the inhabitants, which was relieved in part by the stores of the gunboat Peoria, which were ‘gurned over to them by Commander Badger. + ‘The Jamates Gleaner of the 24th ult. publishes news from Hayt! of the election of a President of the republic. ‘The olection took piace at Port au Prince on the 14th of June, and, a8 bad beem expected, General Sainave, who was occupying the presidential chair provisionally, was chosen. Ho was the only candidate, and was nani- mously elected; indeed, so great is his popularity that epposition weald have been hopeless. The new censtitn~ tion recently adopted in Hayt: provides that the term of Office in the Presidency shall be four years instead ef for Life, as under the oid constitution, According to this, Genoral Sainave has been elected to serve till May, 1871. ‘The country was tranquil. By the arrival of vessels from China at San Francjsco urther particulars are received of the recently reperted cholera pestilence in the Isle of Mauritius The dead and ‘ay unattended tm the streots, every other house 1, some of the shipping was aifected, the hos- tngufleient, and quiaine was selling at $75 an to Europ from Montevideo, Urognay, dated rolution had broken oct in Cata- , in which Governor Espechs was ) Tolosa forced to accept the guber. agent of Santa Apna, denice any .@ fiibustering , expeditions now in ion im this city. t publishes his “proclamation” this sich he denies any knowledge of the ng Southern rebels, in conspirators, amd advises hi , and tie ‘ton, Ob, tn anewer to the inquiry of ‘ast ing. poopie of the Radia. 2. tigen aver NEW ‘YORK HERALD, WEDNESDAY, JULY 17 “188% their lost cause and accept the result of the mation’s = nthe Sve viceroy, | Fhe © and Financia! Changes ef | s special vote of thanks to thls atde soldier the inited States, Many have toaclnd hb’ are confacation, gays, let thom ebandon victory and the enfranckisement and equality of rights and privileges o: the freedinen, in spirit as well as form, and all disabilities will speedily disappear. Ex-Governor Brown, of Georgia, 1s out in a letter ad- Vocating the mon-acceptance of the Milttary bill by the people of his State. A judge in Lexington, Ky., recently rendered @ de- cision denying the right of a writ of babeas corpus to fake a prisoner out of the haads of the Freedmen's Bureau, Tho proposed Fenian picnic at Buffalo to-day has frightened away a number of famihes from Fort Erie, and the British Conzul has called for a regiment of rega- lars to bo stationed at that place, A Richmond paper yesterday published a proclama- tion calling on the eoldiers of the Northern Virginia and Potomac armies to march to Moxico and avenge Maxi- milian’s death. Mr, Brinkley Hornsby, of Johnson county, Mo., has brought suit against General Sterling Price tor damages sustained by him in the summer of 1861 in being im- prisoned by the rebel soldiers under Price, An order of attachment bas been sued out authorizing the seizure of Property belonging to Price to the value of $50,000. Twenty-four hundred dollars were stolen from a bank- ing house tn Philadelphia yesterday, in broad daylight, by three burglars, ‘A groat flood recently occurred in Arizona, by which Arizona City was destroyed. About the same time a government warehouse at Fort Yuma was destroyed, in- volving a loxs of $300,000, 4 new trial bas been granted to Samuel Hulings, who ‘was to have been hung in Brown county, Ohio, to-day. Tho Inman line steamship Etua, Captain Tibbetts, will sail to-day (Wednesday), from pier 45 North river, for Liverpool, touching at Queenstown to land passengers, She takes out quite a numbor of passengers, The stock market was unsettled yesterday. . Govern- ments ull and heavy. Gold closed at 14014. The advance in gold rendered the general mercban- dise markets rather firmer yesterday, but on the whole prices, as represented by actual transactions, were er only in a few inatances, Business was moderate, S snts still manifesting @ great reluctance to actual requirement Now etd then some speculative fecling showod itself? Dut as a role the markets for both imporied and domestic’ goods were very {wich Cotton was quiet and unchanged. Petroleum was sn aemng and firmer, On ’Change the chicf feature was the-~* Jap3e in the wheat market, prices deciinipy * tye per barrel, Flour was 16c. to 250 = 0% to 200, fresh ground wai quiet but 7 sower on old; while Oats wore firm. Pore“ Steady. Corn was steady, other deceripuon of ce He lower; while nearly every Pa 6 Product was firracr, The Rep'ablican Party in the South-The Danger Ahead. eta bpp of Congress : in j + 10 nfl @ sure work, in a party view, A ©8 Feconstruction of the ten excluded Southern States. On Monday evening last a party caucus of the members of both houses was held upon this impor:ant subject, from the reports of which it appears that the Congres- sional Executive Committee, of which Mr. Schenck is chairman, had collected some seventeen thousand dollars for Southern elec- tioneering purposes; that the bulk of this sum had been so expended in the employment of white ond black stump speakers and organ- izera, and in tho circulation of political docu- ments and speeches; that some sixty colored men and a cons‘derable numbor of whites are now engaged in organizing republican clubs and in dissemina!ing republican ideas in the excinded States, and that for the more vigorous prosecution of this work the caucus agreed to raise a fund of oue hundred thousand dollars, towards which fifteen thousand were subscribed on the spot. This looks Ice business; and yet all this is only an item in the resources and forces of the republicans in the South. First, they have Con- gress itself, with its absolute powers, and the emancipaied blacks in an almost unbroken phalanx on the side of Congress, comprehend- i y five hundred thousand voters. Secondly, they have the War Department, the General-in- Chief of the army, the five commanders of tho mn military districts, thoir numerous end all their powerful moral, ma- are evidently subordina terial and financial aid to back thom. Thirdly, and p rful republican electioncering institu- tion. Laaily, the freedmen’s schools, involving an annual expenditure of millions of money, collected from Northern societies, are all active supporters of tho republican party. Against this formidodle array of official agencies, Trea- sury appropriations, Northern societies, Con- gressional committees and organized clubs, with the nucleus of the mass of tho Southern blacks and considerab!e fractions of the white “population to start upon, how stands the oppo- sition? It stands without organization in any State, without recognized lealers, and without electioneering agents, because it is without money; and the opposition elements, moreover, are so far divided in opinion and so demor- alizod that they appear to have given up the battle in advaoce. Thus, from all the develop- ments and signs of the times, we cannot resist the conclusion that, after passing through the appointed processes of reconstruction, nearly all, if not all, these ten outside States will be reinstated in Congress with a republican dole- gation in both houses, This will be done through a party organiza- tion embracing the blacks almost en masse, and sufficient detachments from the whites to give this combination the balance of power. The States, however, which will thus be gained to the republican sido will be in truth black republican States, inaemuch as this dom'nant mixed party therein will be controlled by the black vote. And herein lies the especial danger of a epeedy reaction against the repub- licans, resulting in the disruption of the party. While Hayti and Jamaica furnish abundant evidence of the incapacity of the African race for self-government or political ascendancy according to any of the forms of modern civilization, we have in the history respectively of the mixed breeds of Dominica, Mexioo, the Central American and most of the South American States enough to warn as of the danger of negro political ascendancy in the South. The results of this ascendancy will probably be, trom Virginia to Texas, more or less such a conflict of races, such a state of disorder, anarchy and bloodshed in the recon- structed States as to bring about a revolu- tionary political reaction in the North, demol- ishing the party in power, North and South. Indeed, the republicans, upon the Southern negro vote, aro venturing upon an exceedingly dangerous experiment, and unless they manage it with extraordinary skill the consequences to them will be disastrous and a warning against all such experiments for ages to come. We are satisfied that the Congressional plan of Gouthern regonstraction moots the approval of the great North, and will now be quietly acqaiotsed ip by all classes and parties in the Copper ms)oontents may denounce @yitem ap horribly despotic, and tho fivo Southern 1 Tho Ansciated pollitesy commanders pa tho fire mon- the principles of | archs, the five the five satraps, the five Turkish pashas, or the five Chineso maudarins, each with three tails; but this will not change the facts nor the powers that be. It is said that General Sickles is the Great Mogul of Charleston; that in his royal coach, with his four shining black horses, he is the admiration of the darkics, who love display and finery, but that his coach and four produce anything but pleasing reflections to mourners for the constitution, But does not the executive head of the democratic party make an equal display with his coach and four at Newport, and is he not a atickler for the constitution? All this sort of cant and claptrap goes for nothing against any of these five mili- tary commanders, so long as they faithfully and zealously execute the laws of Congress. We believe they aro thus doing their duty, and that henceforward, under the directions ct General Grant, it will be plain sailing for them. But when they shall have finished their work with the feconstruction of the States concerned, then will come the crisis of life or death to the present republican organization ; then the elements of discord and disintegration will appear, and then will begin a reconstruction of parties and sections and factions, and per- hips a Northern revolution against the excesses of Southern black republican political ascen- dancy. This experiment is under full head- way, and the point of danger will soon appear. Whether the party in power, with General Grant as their champion, are to walk over tho course in 1868, like Monroe in 1820, or are to be broken up in 8 scrub race like that of 183¢, will most probably be determined ty the resulis of this exporimont of nez~, suffrage in the South. eZ Assoctated Fess P* soatches-Other Spocimen Bricks. Pres fa w despatch trom | Dublin nar e"*eas tha Avistegge of » famine in the county of Mayo and. the adjoin‘og disiicts of Connemara. That there is conside:‘*Ple dis- tress there we can readily believe; for st bag | never been otherwise within our recollection ; but that it assumes or is likely to assume tho proportions of a famine there is not the slightest ground for suppos'ng. Owing to the impetus given of late to emigration to this country, the agricultural laborers in Ireland are getting better wages than they have ever been in the habit of receiving, and the reports of the ha:- vest being favorable, the gross exaggeration of the statement becomes at once apparent. This is the way in whick the agents of the Associa- tion understand their duties. An Associated Press cable telegram in- formed us yesterday evening that Napo- leon had “warned the leader” of a Gari- baldian movement in Rome that “the city would be defended by the restored batteries of France; leaving the infer- ence that the French troops were likely to return there, At one o’clock this morning the Associated Press agent tells us that the real news is that Napoleon has “warned the King of Italy” ot an intended movement against Rome, and that the old French batteries around the city are being placed in order for its de- fence. Which ave we to believe? Has any- body been “warned,” or is the Pope afraid? How long will the, press of the country be satisfied to put up with an imposture which readers them ridiculous and costs them so heavily ? Ismail Pasha and the Slave Trade. In yesterday's Hzratp we published an account of an intorview which certain anti- slavery deputations, French and English, had with the King of Egypt during his stay im Paris. The reply of his Majesty to the depu- tations is choracteristic and not without a cer- tain amount of cleverness. Complaints had been made by the deputations regarding the notorious continuance of the slave trade on the White Nile. His Majesty deplored the fact; ho had been and was still doing his utmost to put itdown; he had adoptod tho strongest measures against it, asa proof of which he had within the last six months cause] to be shot s commandant and a colonel who had disobeyed orders in favoring the trade. If the slave trade on the Nile had not been eifectually put down the faulé was not his, bub the fault of the European Powers, whose pro- tection was too easily leat to scoundrels who trade in buman flesh. Particular stress is laid upon the fact that since the abolition of the British Consulates at Khartoum, on the Upper Nile, his interference bad been more effective. As to slavery in Egypt, that was another ques- tion. It was one thousand two hundred and eighty years old, was inlerwoven qith the religious belief of the people, and required timo to die. It was dying, however, and, if tho slave trade were only abolished, mus: soon perish. : Such, in substance, is the reply of the King of Ezypt. It states the truth, but it doos not state the whole trath. It omits to state, for example, that the British Consul referred to obtained his appointment through false repre- sentations, and that so soon as the truth was known the appointment was cancelled. It omits to state that the King of Egypt bimself is & most extensive purchaser, large numbers of slavee—male and female, mutilated and un- mutilated—being absolutely necessary, accord- ing to the prescnt system, at his various palaces and harems. It omits to state that the example of his Majesty is imitated by his numerous pashas and wealthy beys. It omits also to state that Egypt is but a specimen of the Mohammedan world generally. If Ismail, ‘King of Egypt, does not know, the intelligent portion of mankind in general does know, that the simplest as well as most effective way of putting down a trade is to deprive it of market. When the demand ceases the supply is certain to fail. His sincerity in this matter will best be evinced by abolishing slavery in his own dominion. —————— Bounties to Deserters. It is proposed that men who abandoned the service in certain circumstances shall receive the bounty in the same mannor as the stanch fellows who kept their posts and went home only when officially informed thet the country had no further need of their services. How shall we honor the men who did their whole aty if we put deserters on the same level with them? Is it doing « wise thing to pass a law that will cause the good soldier to reflect that, except in his own conscience, he is none the better for having done his duty thoroughly, since those who failed in their duty are re garded by the government as on the same footing with him? We believe that offering a Servard of morit for dovortion ig demoralizins the Age. and stanch defender of the country in the Steam and the magnetic telegraph are | field and in council? rapidly producing the most extraordinary changes in the commercial world in the system of commercial exchanges and in financial operations generally. But by far the most Powerful egent in this work is the magnetic telegraph. We cannot yet see clearly the ulti- mate results, but from what we do see it is evident that we are on the eve ofa greater revolution in these matters than the world has ever before experienced. One thing is certain, and that is, that the nation which occupies the most central position on the globe and which has the most varied resources, with an active and intelligent population to develop them, must become the commercial and financial centre of the world. That position and these advantages the Uniled States holds pre-emi- nen'ly. What Italy was in earlier and Eng- land in later times this country will becom in future, and, in = commercial and financial point of view, it will be still greater than either. New York, as the metropolis and centre of trae, will become more important than ancient Venice and will eclipse London, But these agencies will not only change the course and contre of trade, but the manner of transactions in a great measure also. Take, for example, the enormous business which has been done in money exchanges between d'ffor- ent parts of tho world, and the immonse prois on these to the bankers and cities that havo controlled them, and then considor what will be the effect of tho telesraph in chazzing all this. Hezetofore a merchant dr any other person wanting to transcatt fands from Sine place to anochor 4% go cithor by bills of ex- sash or ablpping the cash, and g morally Y ull3 of exchange, as boing tho most con- venient mode. Ithas beén so not only from one nation to another, but also from one remote prt to another of tho same coun:ry. This business, though very convenient to mer chanis and othors, has in the aggregate been costly to those availing themselves of it, and very profitable to bankers and exchange brokers, Indeed, it has been so profitable that cotossay fortunes have been made by it, asin the case or the Rothschilds, and great cities have grown Tp to he; through it, the commercial and fldancial emporinums of the world. We know of one firm which his made a large fortune in the course of a few years by dealing in bills of exchange between Chicago and New York. With rezard to the dealers in foreign exchange we m'ght name, besides the Rothschilds, Baring and a hundred others, who built up their for‘unos in the same way. This, in fact, lies at the foundation of the commercial and financial succes of nations as wellas of individurls, I‘ arises from the concéntration of capital, and thendoes much in continuing to concen‘rate capital. The great- ness of Venice arose principally from this cause. The Venetians, if we mistake not, were the first to emit commercial bills of credit or deal in exchanges; an 1 well did they profit by it. Amsterdam and other cities in the north of Earope afterwards had the sigacity to mo- nopolize this important business. London finally turned this stream of wealta to her-elf, and has since become te financial centre of tho whole world. A rovolution, however, has commenced, through the agency of the maguetic telegraph. Now a person can deposit his money in one city, telegraph that it ia so deposited, an1 his correspondent at @ distance of thousands of miles can draw the amount from some branch house on the same day. Tim», which is money, is saved, and the profiis of exchange brokers are saved; and the wholo is done for the mere cost of telegraphing and a smatl percentage to the banks throug which the money is sent, This is what is going to take placo generally, not only between America and Europe, but with the commorcial nations of Asia as well. Nataral advantages will supersede the artifi- cial power of capital and combination of capi- talisis. Tho telegraph and steam will quicken and develop the industry and trade of all nations, and particularly those of the teoming populations of Asia. We are in the centre of tho worki, with ona hand stretched out to Europe and the othor to Asia, and ihe business of both will pass this way. New York, on the Atlantic, and San Francisco or somo other city on the Pacific, are destined to be wha! Venice was and London is—the centres of trade, com- merce and financial operations, Though we are but ia the beginning of this great change, it will take Only few yoats, Comparatively tpeaking, to bring about the surprising revolu- tion, The world moves now with lightning speod. Jeff Thompson—His Mode of Treatment. General Jeff Thompson, in his letter which Appeared in yosterday’s Heratp to one of those rabid Southern. editors who have lately doen growling and barking, snapping and Viting at him and Longstreet and othor ex: Confederate generals, for having counselled tubmission to the “inev’!\+ logic of events”? tnd to the law, quite distinctiy intimates the node of treatment—sharp and deciatve—which be moans to apply to this individual fire-eater, whatever kind of a broken down politician the latter may turn out to be, whether an “old log” cra “little pup.” Jeff tells him, “I will let you pass until I return South, when I will inquire into your antecadents, and if you are worthy of notice I will teach you better man- ters.” The Yazoo editor certainly needs to be ght ® lesson, whatever may have been his tecedents. (General Ord and the Trouble in Arkansas. | General Ord has cleared his record in the tter of his acts against the Arkansas Legis ture and State Treasurer, and we believe 9 was never any suspicion that could justly pugn his conduct, since the allegation made 1} the Supreme Court eame from a source in qmpathy with the rebel machine that Ord emashed by his decided acts. He removed the Mate Treasurer because that functionary. was ligible under the law, and because he had n to believe be would make an improper we of the State funds; and he prevented the npeting of the Legislature, since it was con- vened merely to impeactmen whose crime was @bvotion to the government of the United Slates. Thus Ord comes out of the accusation all the brighter for having had the opportunity t¢ explain his position, and Congress should now consider whether it has not a duty to per- form in his case. His name was omitted from the vote of thanke made to the military com- anders ; and if that omission was on account of the charges A Nowepaper Press Fund Asseciation, We are confident that our recommendation of the establishment of a Press Fund Associa- there is no country tion, from the public, Every argument that can be urged in favor of all provident co-operation to anticipate possible want is applicable to such an association; and other arguments ere modelled upon that which has proved so | that can extend to them the successful in London, will mect with @ hearty | found here, and that “there response from the editorial profession and | like home.” wed tos of the U: La Plata valley, begging their way J ity of the residents It is well for the South to which they can ‘The resolation introduced yesterday into House of Representatives, that “no mat specially applicable to it. In tho first place, | S®2k shall-be selected ass public the costly education which can alone fully qualify professional journalists fora proper discharge of their duties ; in the seeond place, the social exigencies to which they are liable— involving necessary expenss from which they might otherwise be exempt, in order to enjoy acce:s to all classes of society and to maintain of government moneys in any city where located @ treasurer or assistant treasurer other paris of the South and West. at the sxme time that honest independence depositing of vast sums of the public treasure, which is the main source of their power; in | i2 ‘he hands of these banking institutions isa the third place, the exclusive and exhaus nature of their occupation, which not only cuts them off from opportunities of money-making invitingly open to others in a busy commercial metropolis, but also is such a weariness to the fiesh and such a burden to the spirit a3, beyond any other occupation, to virtual gift of an enormous amount of money every year to a privileged set of corporations which feed essentially upon the public purse and retard the financial convalescence of the nation. The Socretary of the should take the timely hint thrown out in the above resolution, and immodiately inaugurate a new hasten p ture old age; in the fourth place, system of depositing the public moneys, which | the hed!y inadequate remuneration which should, wherever it is practicable, be placod, is thair lot in all but a few leading journals whith liberally recognize the claims of men who devote to the interests of the press and the pub/io their bes} energies and their whole time, choorfally risking even their lives, both in peace andin war. These and many othor considerations might be urged in favor of establishing # fund to provide °7-'35' me mise. ries to which sickness nd death may at any moment expose them or those dependent on them. Moreover, such a fund would be an un- objectionable bond of union between the mem- bers of the profession. It would enable all, of whatever shade of opinion, to meet on neutral ground, where mutual jealousies and partisan prejudices could be laid aside, where the finest sympathies of our common nature could be exercised, and wherd our noblest ambitions in behaif of the press and the public could be quickened. in the hands of the Sub-Treasurers, and where, in large cities, these do not exist it would be wise to establish them. By all means the pernicious system by which our finances are made to add to the corruption of the country an4 the ruin of its interests should be imme- Gately corrected. If Mr. MoCalloch is not competent to the task let him step aside and leave is to abler hands, Moro Trouble ia Ri The cable gives us to-day two despatches touching Romsn affafrs—one from the City of the Soul itself, the other from Paris. From Rome we are told that the Pope is alarmed ae the attitude of the party of action and the threats of Garibaldi, and that be has appealed’ to the Emperor of France to insure his safety, in accordance with the terms of the convention - upon which the French troops were with- drawn. From Paris we ate told that the As we have already intimated, such an asso- ‘Emperor has “warned” King Victor Emanuel cfttion as wo propose would be open to none of the threatened movement of the revolu- of the objections which have hitherto caused tionisis, and that the batteries erected by the our opposition to “press clubs” and otber | French when in occupation of the city of Rome flimsy pretexis for subjecting members of the are to be placed in order, All this has a press to the mischievous influences of Bobe- J sorious aspect, and yet it may mean very mian cliques in the spheres of literature, poli- little and be the merest diplomatic rhetoric. tics or business. As ior social clubs, there are | Garjpaldi is simply the grandest of the enough already which have at least this advan- revolutionary humbugs, and it will only sur- tage, that they are not limited to members of prise a few innocent persons if he is eventually any ond profession. Besides, the perpetual labors of journalists leave them but little lei- soon to be a tool of the Emperor in getting ap an agitation that will seem to justify another sure for the pleasures of club life, or even of intervention. Yet it is hard to believe that what is far better—family life. Thoy thank- fully seize for sleep the brief interval between the late hour of going to press and the early hour of recommeacing their daily duties. A the Emperor of France has not had enough. of interventions for a lifetime. GENERAL GRANT. Press Fand that should relieve the anxioty General Grant arrived in this city yesterday which tends more then their toil to embitter morning from Governor’s Island, where his family are staying. anl shorten their lives, would be an immense | The General dined at the Astor Houss in company with bonefit to them and their familics, and, in- directly, to society at large. For our own part, we shall be most happy to contribute to a well anumberof fmonds and prominent citizens, intonding te proceed to Long Branch by the five o'clock voat fm ‘he atternoon, however, a telegraphic d*spatch arrived summoning him to Washington, for which place the organized and permancat fund established for | General left Now York late last night, instead of going so commendable a purpose. The public is aware ofits indebtedness to the persons whom Mr. Giadstone lately eulogized for their unre- to Long Branch according to his origwal intention, Prepsration had been made for his recoption at Steteon’a, where during last night a serenade was to have beem tendered him. A despatch received about four o'clock, mitting efforts to supply “from day to day | py sajer Stotson announced that the General had beom one of those primary wants of sociciy, without which, it to say, as we comprehend and under- stand it, it could not exist It is suddenly called to Washington, and great disappoint- is bardly too much | ment was felt in consequonce by the sojournors at the REWS FROM ST. KITTS, WEST INDIES. really one of the marvels of our age to | pestruction of the Town of Bessetarre by reflect what a constant and uninterrupted flood of instruction, information and delight now flows through the medium of the periodi- cal and especially of the newspaper press nyon the whole community.” The public, we repeat, Is aware of its indebtedness to Fire=Five Lives Lost-Great Destitation Among the SuGerers. Forranss Monroe, July 16, 1867. Arrived gunboat Peoria, Commander Badgor, six days trom St. Thomas, Wert Indies She reports no fover there, that business is dull and the harbor full of ship. ping. On tho night of the 3d inst. the towa of Besse- tarre, St, Kitts, was destroyed by fire, ll the busivess newspaper writers and of tho fact stated by | portion, most of the dwelings and the churches were Mr. Gladstone, that its own interests “are essentially hound up with those of the press,” and it will therefore encourage, and, if re- quisite, aid the establishment of a Newspaper Press Fand. Grant and Pope on Iil-Natnred Rebels. Goneral Pope has the very na’ ural {doa that the parole given by the rebel soldiers at the close of the waris more than waste papor and is to be relied upoa to compel certain factious members of the formar Confederat» service to bobave themselves and act the part of good citizens. Grant says, in the old unconditional surrender style, “your views on the obligation of a parole are in strict accordance with my own.” Thus there is pérfoot harmony on this point, and eartain digaffected residents of the reduced to ashes. Tho Pooria was tying at the timeata neighboring istand—St Martin—and, at the request of tne Governor of &t. Kitts, the United States Consul des- patched a sailboat to St. for the Peoria to come to their assistance. vai (twas too tate to do place; but Commander Badger supplied the destitute iuhabitants with the ship alores and thon proceeded to Antigna for further sup-_ plies, The Governor of this island immediately des. patched a provisioned vessel to St. Kitts, Five lives: were lost during the fire, Much sympathy was Colt throughout the istand for the destraction of Reaotarre, if betng the dniy towa on tho istaud, Large quantities of provisions wud all the sugar ready for shipment wore | consumed. 3 Tho Peoria reports atandamt tains Istands this yeor, and the cane crop ‘The United States ship Mouoagaleia Saco arrived at Santa Cruz on the 8b, All wall, Fine. 1 ARIZONA. military districts may wake up some day to | Destraction of Arizona City by a Flood=Bura- find that they are reported as having violated their paroles and are once more prisoners of ‘war. Lot them beware of “attempting to keep Gp difficulty and preveat the seitlement of the GBouthern question in accordance with the act of Congress.” Another Diplomatic Denkey. ing *f a Government Warchense at Fort Yuma. San Francisco, Jaly 16, 1867. Late Arizona advicea state that the Colorado rivet is so high that the breakwater at Gila was owed over, causing the entire destruction of Arizona City, only two buildings remaining uninjared on Fort Yuma side. The flood has completely wrecked the Overland Malt Company's quarters, ‘The Quartermaster's warehouse at Fort Yuma wae Mr. Washburne, our Minister to Paraguay, is | destroyed by fire. Loss $500,000, determined to bring himself and the United | * Arisone mail carricr bas been killed by Indians States into discredit. Ever since the commence- ment of the war of the allies against the country THE CHOLERA PANIC AT MAURITIUS. medo in the Supreme Court, i¢| ‘not Cousrom now Caisly called open to make | frvedom there Grom thy distied av time the allies would not permit him to pass their lines for several months; and late news than ever in favor of bis adopted country. The Argentine government has made many protests to Mr. Seward about this matter ; but island was streets dead ‘and the hospital accommodations ere insufficient, mis- he, blind te our interests in the La Plate | grapie and neglected. Huts were occupied as temporary valley, is determined to have us as poorly represented as possible; so impossible for us to hold our own in the com- mercial race with other nations. Emigrants to Brazii. It is evident that all the emigrant schemes of the discontented rebels are coming end. In Mexico the starved colonists of dova begged ® passage home from many of that ft will be | selling at 978 hospitats, inte which the sok per ounce, Some of the shipping wae affected by the disease, The mortality among the sot- diers was great, and there was 8 complete panic among the peopie, ——$———. THE WAWAIIAN ISLANDS. to a sad | Advices from Honoluta have been received to June Cor- | 23. The Hawaii coffee crop is promising, the blight, formerly so destructive, having disappeared. The Advertiser estimates the crop this season at 260,008 the vessels that carry the loyal flag; While | poungs, valued at $35,000 at Hawaii, The exme journal others walked nearly the whole length Of | ininks that the region onght to produce « million pounds Mexico, and, crossing the Rio Grande, found | Pe yeu, themselves happy sgain under the old banner. people who have sought what they called schemes bave | S10E*. YOrRIAIB! | ainswmar Lackarpaaa wo chronicles the fact that ® commentary wy the Gospel of St. Matthew, in the Hawaiian lan- ag 1s about to be pobliet: ‘ahich will bo the first the kind ever attempted (m Hawail. on ‘The Amoricaa residents were preparing for ir Fourth of Juiy wht gy bt 4 eral. a tes Ce som WY 4 in The United Ssatee ‘and other fost ¢ a saat terete