The New York Herald Newspaper, January 4, 1868, Page 4

4 NEW YORK HERALD. RROADWAY AND ANN STRECT. JAMES GORDON BENNETT, FROPRIETOR. s and telegraph essed New York All business or news lette despatches must Herarp. be ecaled. Rejected communications will not be re- turned. WALLACK’S THEATRE, Broadway and 15th street. — OuvEK Twis BROADWAY THEATRE, Matines at 1b. ROWERY THEATRE, Bowory.—Heant or tux Great Ciry—SIATHEN STRING JACK. Broadway.—Mary Srvsnr. NIBLO'S GARDEN, Broadway.--Biacs Cnoox, Matinee abl. y YORK THEATR' mk Gasticut, Mati Hotel. ~ opposite New York 2 U ec at 2. ACADEMY OF MUSIC Docrox ov ALCANTARA. Fourteenth street.—Matinee— ng—BOuKsaN Grae THEA pe Daxe streot.—Baraiiee Fourteent 1 INETTE, AN OLYMPIC Nigut's Drea. THEATRE, Matinee at 1! B RBANVARD'S OPER way and Thirneth sree! STEINWAY HALL.—Gaaxp Concert, Irving PI MALL, Somevs ov Cuauare NEW YORK crrev: GruN istics Equestrianism, &, Ma ath sirest, SLi Browdway —Waire, Corton THEATRE COMTQU Matines at 234. 4 Suanecey's Munster! KELLY & LEON’S MINSTRELS, 72) Broadway.—Sowas, Dances, Eccestaicrties, Burcesques, &c. Matinee at 23.4 SAN PRANCISCO ™ pan Exreurainnsts, road war. —Eraro- TONY PASTOR'S OPE Vocanism, NEGKO Misti: BUTL Variet, Paw Puce. Matinee HNOOLEY'S OPERA } MinstReLsy, BALLADS aNd Bu Rrooklyn,—Ermiorras | vases | NEW YORK MUSEUM UF ANATOMY, 618 Broadway. — | BoueNCR aND Ant. Newi York, Saturday, tHH NEWS. EUROPE. day evening, January 3 A Brussels newspaper statos that the French police seized the Fenian headquarters in Paris, where they discovered most importaut documents throwing light oa the conspiracy against England. Among the docu- ments was, it 1s eaid, a pian for the burning of tho British channel flot, All the papers were forwarded to London The Commander-in-Chief of the British army in Ireiand was in extraordinary activity against a Fenian movement. His precautions wero mainly directed to the counties of the south and the west coast of the island, where a revolutionary “Janding”? was looked for, The magisterial investigation tn the case of the Clerkenwell explosion has had no results, The prisonors are remanded and the case is enveloped in mystery. NEW YORK HERALD, SATURDAY, JANUARY 4, 1868. The Inman lino steamship City of London, Captain Brooks, wili leavo pier 45 North river at noon to day for Queenstown and Liverpool. The mails tor Irland, |, Great Briain and she Continent will close at the Post | °™ Votes, fix tho fact of reconsiruction, though piiad al tuaien 46 | involuntarily, ona firm basis, But should it | ‘The National lino steamship Helvetia, Captain Cutting, | take the other course there is @ probability { Will leave pier 47 North river at noon to-day for Liver | that ench defiance of the present political sen- probable tat Congross will take the more moderate course, and, by counting the Souih- pool, calling at Queensiown to land passengers, Av, axp Burursquss, | | The news report by the Atlantic cable is datod yester- | have yet known, The Ancbor tine steamship Iowa, Captain Hedderwick, | will sal to-day, or Monday, from pior No. 6 > | mver for Liverpool and Giasgow, touching at Lo corry to lan’ passengers, Tho North American Steamship Company's steamer latter port with the steamship America, of (ho Cromwell tine, witl leave pier No, 9 North river at three o'clock this afternoon for New Orleans direct. The Empire line sidewheel steamship San Jacinto, Capta'n Atkins, will sail from pier 13 North river at ihree P, M, to-day for Savannah, Ga., connecting with steamer for the Florida ports, The etock market was firm yosterday, Government 138%, A‘ the Hudgon City yards 68 nead beof cxttle arrived good being quoted 14c, #180, Swiae were lower and ia light damand; 1,700 bead arrived at the Fortieth street yarda, seliing at 7c, a 7c. per Ib, for common to prime, No arrivals at Communipay, ‘There was an improved demand for domestic produce, prices for which were generally higher, The merchan- dise markets remained quiet, Cotton was again active, and 440, por Ib, higher, flour was active and 10c, a 20c. higher. Whoat advanced Se, @ 8c. per bushel, Corn and cats were firmer, Provi- sions were quiet but generally firmer, Petroleura was dutl and lower, Naval stores were quict but unchanged, while treights were more steady, aad wool in good de. mand at full prieas, The Presidency and Reconstruction. What is to be the position of the Southern States in regard to the next Presidency? As the time for the choice of Mr. Jobnson’s suc- cessor draws near, and as the tendencies of popular thought become definite, it grows daly more apparent Yhat the overwhelming supremacy of the republican party has passed away; and that if thee shall not be an over- whelming voice against that party next No- vember it will at least have no power to spare. | In any close division of the North the dubious electoral votes of the Southern States will be of primary consequence, and deep as is the terest that the people already feel in the bject of reconstruction, it cannot but be en- j succession; for it is imminent that whether the electoral vote of the Southern States be counted or thrown out the course taken will give rise to moro virulent party strife than we If it be thrown oui the party that loses by its exclusion will dispute the choice made ; If it be counted they who might have won had it been excluded will equally refuse to be bound by the result, and we may thus once more find the nation in that very position that opened the war, the repudiation | of a President, and may again have occasion to reflect on tho prophetic d'ctum of Kent— | that the question of choosing the Executive is the one that is really to try the strength of our government. If the radical managers had full control in the military districts this question would not General Menabrea has not completed the Itallan Cabi- net, and the kingdom is fevered by politica! agitation. Anti tex riots have broken out in Liabon, and the Portu- guese Cabinet has resigned. Napoleon ts eaid to have abandoned all idea of a conference on tho Roman question. The diplomatic assemblage on the Eastern question im &t. Petersburg is interpreted as indicative of war. Turkey protests ina strong note against the active machiuations of Russia to foment revolution among ber Christian subjects, The Sultan addressed Napoleon “urgently” on the subject, Consols closed at 92% for money in London. Fivo- (wentios were at 72°, 042% in Loudon and 77 in Frank- fort. The Liverpool cotton market closed firm at an ad- vance of 44d., middling uplands rating at Tigd. Trade was very active and the report from Manchester fa- vorable, Broadstufls actwve and advancing, Provisions slightly deciined. By mail we have lateresting letters from our special | correspondents in London and Dublin, with a report of tho important debate which took place in the French Legisiature during the discussion of the new Army bill, MISCELLANEOUS, Sefior Pablo Pujgl, the special ambassalor from Domingo to propose a lease of Samana bay to the United States government, arrived in this city on Thursday and will leave to-day for Washington, A lever aa dressed to him by Colonel! Juan Manuel Macias, pub- lished elsewbere in our columns this moraii forth fhe advaniages which will accrue to St, Dominzo by thie lease coutemplated. At St. Johns, Porto Rico, on December 29, slight shocks of earthquake were felt, but the people have become so accustomed f> them that no alarm wa caused. The Lincoin National Monument Association havo called for designs aud plane. Ihoy propose to commence the monument certainly by noxt spring. Governor Bullock, of Massachuretts, was inaugurated eyestorday, His mosengo to the Legisiature favors a re- ttrictive liquor law, and treats largely of the educational syatom of tho State, He also favors Goneral Grant as tho candidate of all, without distinction of party, for tho Presidency. » In the Virginia Convention yesterday a resolution re- questing General Howard to continus the Froedmen’s Bureau in Virginia was adopted, Senator Pomeroy, in an address at the African church last might advised the Convention to declore for impartial manhood suifrage, The Louisiana Convention yesterday adopted arviele thirteen of the new constitution, declaring equal rights for all complezions in pub! c conveyances and places Ameoeting of white and black republicans was held in Washington yesterday Presided, Resolutions were adopted favoring Grant tor the Presidency, but agreeing to support any republican nominee, Gonora! Hancock necepted the resignation of Governor Fiandera, of Louisiana, on Toursday, aod appointed in his place Joshua Baker, an old citizen, a member of the PLtiadelphia Cougervative Convention in 1366 aud fully qualified under tne Reconstruction acta, Awovere gale on Wednesday blew a passenger and platform ear off the track of the Harlem Rajtrond, between Boston Corners and Capake stations, down av embankment fifteen fect, A stove furaed over, but the fire was promptly extinguished and the passengers were exhumed, ouly five of them being burt and none of them seriously, The United States steam frigate Wampaa Nichols, returned from ber sea trial trip yesterday after. noon and anchored in the North river, © Rued Out m writ of habeas corpus e Court, Chambers, before Judge McCunn, terday, for the recovery of his wife, whom he ailegod was detained againat her will by the exercise of clgir- veyance and moameric influences (u the house of one Atwood, The lady appeared and ntated Horvourly that eho was not detained against her will, fod (hat he wae in fear of personal violence f: hex Busbend, wLereupon the case wa: missed, sets om (. €, Bopkins, @ dry goods merchant In Cineingat:, failed yostorday, with liabilities to tha amount ef §1,000,090, most'y Cueto Kastern houses. A. A, Bradley, & colored Huston lawyer, who in a tactaber of the Georg. (ouvention, was arrested to Sa Saroal leet nighs for ure ol on en editor in a0 #troe’ as rm in Montyeai, #ua eva ad Farrishurg yesterday over whic Colonel Parker | in the passenger car | . Captaia | | be suffered to em arrass their action, since an election for the Presidency in the South would not be permitted unless it was known before- hand that it would suit the radical game ; but as the power for this purpose is not in their hands we suppose that the elections will take go through the regular formalities and send their seated vote to the President of the United States Senate. What will be done with those votes? Here will come up in a practical shape that nice question of the status of these Southern communities, But a litile while ago it looked like mere hair-split-ing to go aside to discuss whether the States were States or not ; bodies; whether they had never beea out of the Union and could not go out, as the nation whether th ritory, subject only now argued by the party that pretends to be termine it as part of its decision on the Pres- dential votes, ; Several States are constitutions! bodies, as much as the Senate itself is a constitutional on the charter of its own existence, “The Prosident of the Senate shall stitution, “in the pr louse of Representatives This little word He cannot open all the certifi- all” is emphatic as discriminate and | cates.” to his duty. yesterday, Tho market was uachaaged, coimmon to Cott . On? | offeo was unchanged. On ‘Change | New York. The latler enterprise, under the The electoral colleges of the | i Arago will leave pior No, 29 North river to-day for San | Letters and packages should be properly | Francieco, via Aspinwall and Panama, connecting at (be | ecuritiog wero steady. Gold Was fru and closed at | | have found a new Eldorado in submarine tele- | | | | | Cuba, | (iments of the nation would so intensify the movement against the radicals as to insure, by | carrying that movement to an extreme point, | the iost liberal possible restoration of the Southern States, And thus there is repson to hope that while the question of the electoral | vote of the South may Involve danger to the ‘The fine steamship George Washington, Captain Gocer, | nation iMwill also put forward an issue which isto de'erming and hasten: the rehabilitation of the States in all their rights. The Age of Electricity. Since the Atlantic cable was successfully laid and the electrio spark flashes the news of each day across the ocean, capitalists seem to graphy, and are eagerly investing in cable schemes that promise them profitable returns, ‘Two cables lie at present between In ziand and America, and one connects our country with Several smaller ones are algo in con- stant operation, and we are to hay’ a cable from France to the United States via the Island of St. Peters, and another from Brest to auspices of the “Franco-American Submarine Cable Company,” will be organized with a | stock of pearly one million sterling and will probably be carried through next summer. The stock and directors will be represented in the United Siates, France and England by one third for each country. In addition to some valuable concessions made by the French government and by the Submarine Telograph Company across the English channel, the new company promise expedition and cheapness in the transmission of their despatches. Thero willbe no necessity then for repeating mes- sages on this side of the Atlantic, as is the case at present between Now York and Heart’s Content. The contract for the manufacture of the new cable has already been made, and the enterprise is being. pushed forward as epecdily as possible. Thus the progress of the age annihilates space, timo and labor, and biads the world | body, aud in ignoring them it would trample | hanced by the considera‘ion that the wrong | With links of fraternity and intelligence. Con- done to the South by the destructive and | tinents are united in bonds as sacred and in- revengeful policy that has beea pursued | dissoluble ag those of matrimony ; the scaly may possibly react upon the whole | dvellers of the deep soa open their staring eyes nation in the anarchy of a dispuled | still wider in wonder at the new tenant of their domain; the depths of the ocean quiver as Europe and America converse together, and business of all kinds is conducted on broader principles than ever was known before. And yet this is but the beginning of the great work. Before many years have rolled by the entire civiliz2d world will be united by a net- work of cavles and land lines and will throb with the pulse of electricity in every part of its vast body. Its capitalsa—New York, Paris, London. Moscow, Calcutia, Jeddo and San Francisco—will hold daily converse and re- flect instantaneously the fluctuations of trade and commerce in each city The influence of ocean telegraphy has already been felt every- where to a material extent; but it has onty commenced its labors. What the climax will be no man can conceive, and the world of the future may laugh at our ideas of progress as we regard the puny efforts of our ancestors, Municipal Munificence. The city of New York is indeed ono of the most generofs in tho world, and among its managers may be found some of the most mag- place without regard to what the result may | nanimous individuals that could well be be. Electors, then, will be chosen ia the sev- | imagined. What matters it how heavily we eral Southern States, and in eaca State will | are taxed? Have wo not @ noble Fenian army of occupation to maintain? Must not the gentlemen who have rendered “extra” ser- vices to our rulers be recompensed? Must not those who tako the trouble to construct the machine profit by its earnings? Here is a young gentleman who has been a “good and faithful servant” to the “ring” in the Council- manic Board ; must ho not be rewarded? Cer- whetver they were living or -dead as political | tainly, Give him, then, a position in our county bureau, He is obliged in consequence thereof to draw five thousand dollars yearly. maintained through four years of war; or | This is laborious work; and yet he finds timo are not States, but conquered ter- | to assist in “compiling the report.” to the rule of arms, as is | thousand dol!ars more is but a sligut balm for Half a tho blisters on his bands. Le: us look around the exponent of tho nation’s will, Now, hows | again, Here are more poor fellows who aro ever, Congvess must face this question and de- | obliged to draw heavy salaries. Wo aro ma nificent. Let them have a thousand of a half or a quarter-of a thousand dollars each for the holidays. We appreciate their “extra” ser- vices. Here is a worthy gendeman who was disappointed last fall in his efforts to obtain a county office. See what on ornament he is! says the con- | How artistically he sinks the heel of his nee of the Senate and | right boot into the velvet enshioa on the Presidential berich; bow vigorously he pulls with his thumbs at the armholes of his waistcoat; how gracefully he poises his head | open the certificate reecived from New York, | and sights the northeast angle of the ceiling or that from Massachusetts, and refuse to open the certificate from South Carolina, He can- not do this unless Congress beforehand takes |'so bold a position a4 formally to declare that | the constitution is dead, and that those States over his right knee, while his brother Aldermen donate to bim o thousand dollars for his “extra” services! But his con/réres will do more for him. They admire him; he admires them. What can they do to show their appro- | that the people fonght to retain are no longer | ciation of him? Ab! here isan oll fellow who a vital part of thie nation, It is declared that Congress will not count { an electoral vote from unrepresenied States, No phrase can put tho two facts on the same | footing. Congress bas the power to examine | bas been in office somo forty years, Put him out. He is not the style. There is too much of an air of refinement about him, He knows too much. They can’t manage him. Respect- | able people may admire him. Pshaw! re- into the qualifications of its members, and thus | spectable citizens can’t vote moro than once on hy the voice of an unscrupulous majority may election day. This man may be an ornament | keep a State, or two or three or more | to the city government. Thoy want their own | States, unrepresented at any time; and! crowd. Their firm style ts, “We, Us & Co.” if there as any relation between | So that matter is arranged, and the old chap representation end the right to cast an) goes out, and our worthy President goes in. electoral vote, it is obvious that by this device | Congress might, when it chose, exclude so many votes as woull determine tho Presiden- tial choice in accordance with its wishes. Con- gress has power over its members, but has no power to exclude from participatign in the choice of the Executtve any Stato of this Union, and can only do so by taking revolu- tionary ground more boldly than it has hith- erto ventured even in its military reconstruc: tion laws. Will it dare take such groun] at this j | aginst the porty ideas it stands upon such a Congress carry the revolutionary pur: poses of radicalism further thax they were car- neturé? Will Congress, knowing that | it no longer represents the popular thought, } ters with which to represent ignorance, impu- knowing that majorities bave been given in | dence and well-clad vulgarity, or should he | all the great States since it.was in existence | vill | The vingmas-ers are well cared jr; they apply the huge cups that draw the blood so copiousiy from the city treasury, The County Court House and the New York Printing Company have proven to be perfect gold mines to their managers—-Messra. Supervisor, Senator, Sireet Cominissioner, Worshipful Master of the “ring.” e who foot the bills may be bursiing with indignation; wo may protest, but are com- pelled (o admire the unflinching boldness with which the blood-letting operations are per- formed. Should Dickens fall sbort of charac- desira to collect material for a new series of American Notes’? or a second edition of | “Martin Chozzlew't," he coull not do better | Qhan visit the sessions of the chosen banditti of | ried by the one that ent in the heyday of radi- | the metropolis and obseryo how handsomely cal power! Viewing the case only from the | the round-bekded, pug-nosed, bull-nocked ira | potas of party expediency, considering | (ernity can pocket the public money, aad on } the exten) ta witeh the mere politi | what a mognifleens scaly ¢ can } cal shally may affect all this, it seems | manicipal muniflcencs, [A Righteous Engiise Vordict-What te 0 Libei t The Hbel suit of Mr. Righy Wason, to re- cover damages to the extent of one thousand pounds sterling from the proprietors of the ; London Times for the publication of matter spoken in the Hoase of Lords, containing animadversion on and censure of the motives of that gentleman in presenting a petition to the Peers, as just heard in Guildhall, involved points of the utmost importance to the news- paper profession, and its issue in a verdict for the defendants defines the rights of journalists towards the public in such a manger as will leave them much more freedom in the dis- charge of their duties. Mv. Wason went belore Parliament with a petition in which he asserted thata former political opponent, Sir Fitzroy Kelley, who had just been appointed Lord Chief Baron of the Exchequer, had, “upon the 11th of April, 1835, pledged, his honor a3 a gentleman to the truth of that which he knew to be false, for the purpose of deceiving a com- mittee of the House of Commons;” and he (Wason) prayed that a committeo might be appointed to investigate this charge, Earl Russell presented the paper. His noble brethren were quick, sharp and decisive in their condemnation of both the language and motives ot the petitioner. The London Times reported the speeches, Mr, Wason sued the London Times for libel, not for livel in publishing an incorrect or garbled report, but for libel in publishing the remarks at all, The cage was conducted in the Court of Queen's Bench, the Lord Cuief Justice of Eag- land charging the jury in a most lucid and exhaustive exposition of the case as presented onelther side, The Chief Justice told the jury that it was shown that tho report was “truibful and fair,” and if truthful ond fair its publica- tion by o newspaper was privileged. Tho second count complained that the London Times “falsely and maliciously” published an editorial article on the subject of the debate, and on this the Lord Chief Justice told the jury “that if they were satisfied the article was written honestly and with a desire to vindicate truth and justice they must find for tho de- iendants”’ The jury tound for the newspaper on all the counts. This effort to hamper freedom of discussion and abridge the liberty of the press in Eng- land, as well as its signal defeat, are not with- out value on this side of the Atlantic, where editors of independence and enterprise are continually pestered with notices and charges of libel suits by adventurers who seek to make aliitle money out of them on the plea that some one has been aggrieved by their placing current facts correctly before tho public. Lko many persons who are ever roady to attribute motives to others for their everyday acts, and who pretend to be very sensitive in the matter of their own reputation, this Mr. Wason is no way sparing of his abuse of his opponents. He has had printed in London a “Letter Exposing the Falsehoods of the Lord Chancellor and Lord St. Leonards, uttered in order to deceive the House of Lords;” and a pampblet with the title “ Who aro the Liars?” In the Court of Queea’s Bench he refers to the House of Lords as “an ass»mbly of fishwomen,” and to the Judges as “ Old Bailey lawyers,” “foul-mouthed” and “guilty of deliberate and malignant falsehood.” Tho Fright Among the Radicals at Wushe ington. The radicals at Washington are obviously alarmed. Messrs. Pomeroy, of New York, Washburne, of Indiana, and Cullom, of Ilinois, left the national capital on the 21 of January and hurried to Richmond. Their object was to address tho Virginia reconstruction con vention and enlighten that body on the political toplcs of the day, especially on the suoject of negro reconstruction. Ben Butler himself pro- poses to start for Richmond on crusade in the same direction. His main object is, it is said, to edify the colored race in their new and important position in Southern politics, rather than to attempt the hopeless task of controlling the movements of the Southern whites. Bea Butler bas not decided to extend hia tour to the other Southern States, al‘hough he has not abandoned his designs upon the leadership of the black voters ot tho South, We cannot re- train from express'ng our conviction that all these efforts of the radical party to secure their success must prove unavailing, and will only serve to render their ul.imate defeat the more decisive and noteworthy. The Gold Question tu the Courts, Gold and logal teaders are com'ng into col- lision in the courts, and the question will have to be settled without delay, because the bal- ance cannot remain in its present uneven con- dition much longer without seriously affecting the commercial interests of the whole country. ‘The question will bave to be settled, too, upon the basis of common sense. For instance, whon itis contracted that linbilitios shall bo mot in gold they should be liquidated in that material, just the same as if it was contracted that they should be liquidated in cotton, or iron, or any other substance. But if the con- tract contains no such specification thea it follows naturally that tho debt shall be, liquidated in money, which means the legal tender of the country. This is the common sense view of the matter, and this view, we have very little doubt, the courts will take of the subject when it comes before them for fins! adjudication. At this time there is a conflict of judgment in the lower courts, both in this city and in the West; but the public rely upon the Supreme Coart to put the matter to rest by a prompt decision. General Grant's Dry Goods Le Before the war General Grant, having re- signed his position in the United States army, had become familiar with the leather business, Consequently be could have answered intel- ligently any committee which had chosen to question him as to the condition and prospects of the leather trade, But when Ben Wade and bis friends applied to him for his views on the questions of theday he contented himself with “talking horse.’ And whea Alexandor T. Stewart and his friends wrote to him we understand that he seat in response a letter in which he not only said not a word about poli- ties but also not even a word about horses We have not beea famred with a copy of this letter, but we have been assured that its contents amply justify our opinion’ that Gen- | oral Grant is not to he regdtly fooled by any | set of politicians whatever, Thorough posted in the leather business, he does nol gz about dry goo s. General je, to be sure, be did pot hes ——. tate to show improvements in , it will not be consider. inopportune to remind General Grant can hae iy me Be bale of goods the market » whi a) the hardware line. aly Des vice 6? ~ his familiarity with the latest Perbaps od elther impertinent or w busiocss men tat a OSITVARY. eee Willtain Mitchell g3ilespies LL.D, Professor Gillespie, whoso death occurred at the real dence of his father, m this city, on Wedaesday evening, WSS ONO Of tho Orst mathematicians and scientile mea ; Of curcoontey,” For more than twenty years he hed aah} worlbily Ged the chair of civil enginoesing in Uniod be determined at the ples "Te of our gt merchant princes in New York. The Evils of Party Journaa,'tsnt. sinee Lord Bacon specified the idola spi against in induetive reasoning. It is notto bo denied that his lordship’s teaching has pro- duced good frui!,and that by adopting the principles of the inductive philosophy the world has been made wiser and happier. It unfortunately happens, however, that the idols of the cave or den have not yet ceased to be a_ stumbling block in the way of correct reasoning, and consequently in the way of human progress. Tt has been the misfortune of art, science, literature, politics and religion that men have refused to know or acknowledge anything except that which has come under their obser- vation as dwellers in the cave or den, In other words, many men see only those facts which they wish to see,and see them only from a certain angular standpoint. This un- fortunate habit of the human mind is the grandest of all obstructions to genuine pro- gress, * Had Lord Bacon lived in our day he might have pointed wih great propriety to our New York journalists 23 examples of what he meant by dwellers in the cave. It is certainly a fact to be deplored that, in a free country like our own, where the government is vestel in tho people, the press, which is supposed to be the popular voice, should be so sadly want- ing in truthfulness and noble independ- ency of thought Party journalism has long been spoken of by foreicners as one of the greatest evils which afilicts the United States, The existence of the evil is not to be denied,‘and nowhere is it more visible than in New York city. With but one excep- tion all our daily journals are exclusively devoted to the interests of party. The natural and necessary result is that in those journals you look in vain for an honest and impartial discussion of the great questions of the hour. The slavery which they exhibit is of the most miserablo and abject kind. They see only as they are permitted io see, think only as they are permitted to think, and speak only as they are permitted to speak. The party journalists of New York are not only dwellers in the cave, but dwellers in darkness. From the cave all light is excluded. Asa consequence more m'serable floundering in regard to the great questions and issues of ‘the day has never been witnessed. We have made one exception, and if we have done so it is because tho New York Herarp has through- out the entire course of its history identified itself with the poople and with no section or pirty, has chosen to look facts honestly in the face, and has at all times and in all circum- stances given a free, independent and unbiased judgment. The growth of party journalism is one of the worst signs of the times, It is an evil, however, which the practical American people know how to cure. from tho West—From China Europe. Europe has been accustomed to receive her Oriental news from the East, and in this country, not very long ago, we looked for the same class of news by way of Europe. The overland route and Mediterranean steamship lines and telegraphs from Marseilles conveyed the latest intelligence from India, China and Japan, and it reached us by the Atlantic mail steamers. This is all changed now, and news from thes2 quarters goes to Europe via San Francisco and New York. It has to come westward before it goes eastward. Probably the most important news that has emanated from the two most prominent Oriental king- doms—which inciuded the China mission to the Western Powers and the extraordinary politi- cal revolution going on in Japan—was pub- lished in these columns on Monday, and, no doubt, was seut by the Atlantic cable to Europe, thus making a circle “ronnl about the earth,” if not in forty minutes atleast in twenty-four days, which a few years ago woald have been regarded as incredible. This, which is Eastern news to us, is, therefore, in reality Western news to the nations of Europe, sine» it comes to them from this great entrepot of the Western Continent, New York. And so the march of scientific wonlers and enterprise goes on, Westward, indeed, the course of empire takes its way, but in the matter of news it goes back again to the East. News to THE CHAMBERLAIN AND THE CITY DEPOSITS. By the following communication it will be soon that the City Chamberlain, Poier B. Sweeny, bas paid over to the cily treasury another tnetyiment of the proceeds of interest received Ly himon the erty and county de posits, making tho whole amount up to this time nearly forty-seven thousand dollars This action of Chamber. lan Sweeny pot only securos to the city treasury somo six or eeven hundred thousand dollars during bis owa term of office, but abolishes a c law which cannot hereafter he departed from, As the city grows ja wealth and maguitude the fund thus founded by Catoberiain Sweeny for the benefit of tho taxpayers will increase in amount year after year and will oventually roach toiilions of dollars:— Cramnnatay's Ovrce, Broapway Bani, New Yoru, Jan. 3, 1868, Hon, R. B. Convorty, Comptrolier:—— Dean Sim—T have ihe hour to notity you that T have this day received the sum of $12,720 50 ag the net_pro- coeds of interest for the month of December, 1867, on the moneys of the city and county in my custody, over and above tho eniar 1 axpenses of my office, This aum T have deposited to the credit of the necount established by me of “Prot's renlaed by the City Cham. beriain aud County Treasurer on moneys of the city and county im his hands over and above ralaries and ex. penses of office,” making with previons paymenis the total aum of $46,746 09 standing to tue credit of that ac- count Very respecttuily yours, PELER B. SWEENY, riaia and County Treasurer, Chan! NAVY GAZETTE, Wasitvotos, Jaa. 3, 1868. Captain Thomas TL. Patterson haa been ordered by the Navy Deparimont to duty at the Washingioa Navy Yard, Cotnmodore Orear C. Badger 3 boan ordered to duty 4s Equipment Officer at the Portsmouth Navy Yard Licutenaut Con nder Joha Werdinan bas boy N. Hy@o bas been ordered to Washington. bi las been detached from tho ington Navy Yard and ordered to hold himself in 1 Assistant 8 dd from tio Naval Hospital, Washington, a Edward TT, Marsh Mt hg ordara, ug Bole GRaslen Acting Assistant Surge hewn placed on wa ec nd Adsistnal mgned, overy ).4s re. Many generations have now rol’ed pas! | s a3 one of tho classes of evils to be guarded | | news to COW Macs Lhe fagslip of the Nora Atlantic geon D.C, Quytoigh haw \ College, Where Mis erudition and varied attainments mnadediim 4 ‘808! Valuablo membor of the facuty, Hit services were not easfned alone to the institution | which he was connected, bat fete Made Waite ta poouder sphere, He was w men furonghout the countey, ginees?, enriche: ed a hi ey and especially to civil Whose repository ‘of knowledg by bis (reatisea Cag epee, 8 ere dianual end Pract > from ‘bi lczopSy of aistoematie tinguished founa® of t ein of Positive Por. losophy, and frst brow," to the knowiedgs of the groa$ muss of American sehdlu. tht profound theory. “Prow Jessor Gillespio wae bora in (hia city in 1816, abd attor graduating at Columbia Co},"*8e he visited Europe, and after his return pubiisued 1845 a very inte: voume entitled “Rone as Seen “¥ 4 New Yorker," im which he dispiaved fine decriptiv.? (lents. He was a gentieman of agreeable soeial qualit ‘es 80d 4 charming His death at the co, paratively early age of fitty-one years ha? deprived stony * Of a Drtivaut ornament and society of w most Valuable m.aber, General Gaspar Palanco, Ex-Presideut of Ste Ld General Gaspar Palanco, who died Novembor 2%, at La Vega, St. Domingo, of tetanus, resulting from w wound received in action against the insurgéats in the north of that republic, was born at Guayubin in 1818, Atan early ago he joined the army, and soon roso to tho rauk of brigadier general, conferred upon bim for his wallantry at Jacuba and Talanquora while colonel of cae valry. In the Capotilio revolution he assauiled and cap. tured rautiago from the spanish and drove his enemy to Porto Pinta Usder Salcedo’s govern ment be was Prefect of Porta Viata, and bad to moaipialn a daily a as for eighteen mouths, On the 16th of October, 1864, Sulcedo’s authority was over- thrown, and Palancogwas chosen to fill the Pres:dontiat chair, He rema ned tn office anti January 21, 1866. Ib was then that the revolution uuder Pimentel and Cabral foreed General Buenaventura Baez, tue President pro- claimed by the Constituent Assembiy, to flee to St, Thomas, aud Generat Cabral was appointed President of St. Domingo. Geévera! Palanco leaves a brother, Gonerat Juan A, Palanco, who 13 now actively engaged in the same work of paciicadon in which Gaspar low bis life. Baron Charles Marochettl. This celebrated sculptor was boru at Turin {n 1305, His paren's were uaturatized citizens of France, where be completed his studies in the Lycée Napoison, Hoe then cntered the studio of Baron Bosio, At the exhibt- tion of the School of Fine Arts in Paris he obtained only an honorable mention Afier thia ho get out for Italy to study the mastorpleces of that peninsula, aad returned to France in 1927. Afior the death of his fa:her he inherited the Chiteau de Navn, near Paris, where he lived until 1343, In consee quence of the revo.uuion that broke out in Paris Feb- ruary, 1848, he went to Engtand, where he found the British artists dissatisfied at the patronag + bestowed upon their foreign breturen. Toera » arochetti made a great many wealthy and powertul friend:, Marochetti’s tirst work was an equestrian statue of Emanuel Phuibert, of Savoy, “tho iron headea Prince with a tundred eyes,” Tais statue stands in his native city, Turin,’ lu 1827 be preseated to the King of Sardinia one ot his works wuich had won a medal, “A Young Girl Playing with a Dog.’’ Lo 1831 he made bis “Fates Angel’ for the Turin Academy of Arts and, shortly afterwards, @ statue of Monsiguore Mossi for the samo academy, It was about this time that he executed another statue of Emanuel Philibert, which he pre~ sented to the capital of sardinia, this work was the only contrioution of Marochott to the World’s Fair at Paris tn 1855, In 1839 he was made Chevalier of the Legion of . ouor. He executed threo equestrian star tues of the Duke of Orleans, ono of which 13 in the Court of the Louvre, The bas-reliefs tor this statue were doue by Pradier in 1844, Another of these statues isin tho government equate at Aigiers. Ho also made. equestrian statues of Queen Victoria and the Duke of Wellington for the city of Giasgow. The colossal lions at the bage of the Nelson monument in Trataigar square, London, were ca-t by bin from designs by Landsoer, which he disapproved, Among his principal works 18 @ colossal “Richard Cour do Lion,” now ia London, It © 48 purchased tee vt 4 been headed by his brot iS 1851 he mado @ bust of Prince albert; in 1856 he des.gned an obelisk for the tomb of Crimean soldiers, aud in 1857 the mausoleum of tbe Princess Elizabeth, daugbter of Charies [. Ho also executed a “Sapptr “Love Sporting with @ yhound;” “St. sfici ' “La four d'A for the city'of Carhaix Pére LayCtaise at Paris; tho grand altar of tne Made- leine, and tho bas-roiiefs of the Arc de l'Etolle, THE FOG YESTERDAY MORN NG. The almost innumerable inuabitants of Rrooklyn, Wit” liamsburg and Jersey City, who daily traverse the perilous channels separating the island of Stanhattan from the shores of Long Island aud Jersey, yesterday met wih an unwelcome, if not aitogother an unusual, detention, in consequence of the thick and eemi-opaque fog which hung over the North and East rivers during the early part ofthe day, Tho ferryboats were, of course, unable tomake the'r trips with anything like regularity or ex. pedition, Starting out (rom the slip they progressed ia & hesitating sad doubtful manner through the donse, chill, baif mist, half tog that lay tho rivers, defying the pilots peering out from their walchtowers to see a boat's length ahead. The fog della. At either extremity of the slip: kept constantly’ gation was ucceeded in: was extremely thick, and river, althoug! 60d nso, ib was stil! sufficient to seriously in- terrupt the passage of the bouts, All the streets aiong either shore of t ‘iver were of course filled with t trattle, As might bo anticipated, there were the customary complement of casualties aud disasters, though none of, aracter, the Cater and a lighter néar H bokea; bab eveu in this iustance the damage sustained was come paratively sitgtt, eral other tminor accidents took , but without ‘ting in any loss of any couse- uence, ec tearnboats consting between Now York cities suftered considerabls derention. ver line the steamer E it seven o'clock in the morniug, did pb until the afternoon, The Norwen tne steamer slightly behind tine, 1 pelier and the Motropolitan outsid steamer and the freight boat ou t also greatly delayed Towards the middle of the day, however, the fog graduaiiy clearea off, and by about two o'clock the rivers were perfectly free from fog, thus restoring w useat ireedom of navigation. At about balf-pa t nine o'clock yesterday forenoon, while the dense fog hung over the river, the ty Cater ran into a lighter pear the cos! duck and sank her in fifteen minutes. Thero was po cargo on board, but the two boatmen were taken aboard. the tugboat in safety. As the ferryboat Morristown was leaving the Barciay street elip she caino and but for the energetic action of th would havo been serious. The ferry! when on her eleven o'ctock trip to Jersey Ci close to a lighter in which were two meu, Drisiol we were te ceived tho ferryboat barely in time to avoid a collision, Tho Pavonia ferry boats made slow trips during the fore~ noon, ARE THE NATIONAL BANKS A BENEFIT TO THE COUNTRY E To THe Eprror or THe Heraro:— In lopking over the working of our national banking term 1 arn fed to belleve that the contract is one-sided Aud, a8 0 gonorai rule, thoso that should be aided aro left out in the cold, ‘The groat objection,gto my mind, i its perfect Independence of all commerce anit trade, If wo had oniy $400,000,000 of government loans the system might do, with some alteration; but now they | can buy and loan on those securities toan amount with. out Umit, and Tam told @ lerge umber of the beaks do Many awk £0 to tho exclusion of all other businoss, why it is that government securiti taiaed, while all others wre receding to point that doow not i any case justily the fail, and make bank of many, for they canact understand, with the crease in bank, that it should beso, Perhaps a reply may be given tuat will answer for the present, For stance, aman with $500,000 in_ securities, as follows $100,000 19 Pee and $400,000 in Vee secur.ues—if ho wished to borrow $900 000, he have no difficulty in borrowing $100,000 on his xo ments; but i nine oases qut of ten \t would puztio bir to obtain the $200,000 on bis other securities; not that, tho securities would not be minpie, but he would have ta, come into competition With those who borrowed goverament bonds or were so rich Ia bank factlivies the; would hi & prefarence, Now, this stato of “hinge cannot continuo wiiheus bringing distres® upoa ail; for even thore whe have largely invested in governments must feel the deoing 1m other securities 1¥ would be useless to cater fato & Mls~ cussion about (bg soundness, of the banks and their waefulpess; @ Tew of the bavke do ail im their power to carry out the true principle of banking, butT think {twill be fonad that the grostec number Ar@ not doing $0, and that thelr euormmour Rains Aro eating up the commercial community, If Dam eatie- ‘dod to Invest In government bouds, whlet. cost from, five to ton pet cent premium, the banks shauid be go with ® bouus of minety per cent allowed taem in ' Aig In fact, thoy have for au investment ¢l £1" 44. 999 ston $100,000, while oluers have to DOF atishet wich laterest on $100 000, and ont of that Amovet to ba taxed to support the banks, though We may fot have one share Of atock (m them, As Constituled ho agatene ‘ean evil, WitD @o wuch power that wt Ww, somtral our political and Bnancial future, for, Ho ono helisros that it will yleid &@ point #0 long 4 the present proiiie ato foalyzody wad thas Mchout fe", Tor i is indopendone vi ali cyoniaeren, by Mavestiod 4 govurcmunt's,