The New York Herald Newspaper, February 26, 1868, Page 7

NEW YORK HERALD. GROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR. Ail business or news letters and telegrapbic despatches must be addressed New Yors Aegean. Letters and packages should be properly waled. Rejected communications wil) oot be re AMUSEMENTS THIS EVENING. OLYMPIC THEATRE, Broadway.—Paant or Savoy. NIBLO'S GARDEN, Broadway.-Tas Wuite Fawn. street. —Rosgmto it ACADEMY OF NUSIC, Fourteo: Diavouo. WALLACK'S THEA Sus Sroors to Coxqus! %, Broadway and (3th street.— PIKE'S OPERA HOUSE, @id st., coruer Eighth ay. Faust. BROADWAY THEaTRE, Broadway.—Sau. BOWERY THEATRE, Bowery.--Komuanr—New Foor. MAN. NEW YORK THEATRE, opposite New Yors Hotel. Nosopr's Davcaren. FRENCH THBATRE.—Graxp Ducuzss BANVARD'S OPERA HOUSE AND MUSEUM, Broad- way and Sth st.—KOUNDMEADS 4ND CavaLizas, NEW YORK CIRCUS, Fourt Wquxstaianisu, &c. Matinee a ab street. —Graxastics, THEATRE COMIQUE, 514 Broadway, —Hantow Comat ation THOUTE axp MiviaToRe Cincus, Matinee at 249. KELLY & LEON'S M 720 Broadway. Sone, Dances, Eccantnicrtigs, r 12 Dutcu “3."" SAN FRANCISCO MINSTRELS, 58% Broad way.—Erato- ian ENTEUTAINMENTS, SINGING, DANCING aND BuaLesques. TONY PASTOR'S OP! YocaLisa. NxgRo Minsti HOUSE. 201 Bowery. Coro 7, &c. Matinee at 254. BUTLER AMERICAN THEATRE, Baiist, ¥, 2 Broadmay.— aNTOMIME, &c, BUNYAN HALL, Broadway and Fifteeots treet. —Tax Pitomim, Matines at 2. STEINWAY HALL.—Dve Cuaitt DODWORTH HALL.—Ouve Loca. o's Lecroue, MRS. F, B, CONWAY'S PARK THEATRE, Brook!yn.— Tus Peat or mavor. HOOLEY'S OPERA HOCIE, Brookivn.—Exniorian Muvwiaciay —Buriesqus or tHe Witp Faws. NEW YORK MUSKUM UF ANATOMY, 618 Brondway.— SCumNCE anv Ax. TRIPLE SHEET. EUEOPE. The news report by the Atiantic cable is cared tweive o'clock tast night. Lord Derby resigned the premiersh!p of Mogiand on account ef feiling healsh. Mr. Dizrael: takes the Great Seal ef office, holdiug also the Chancellorship of the Exchequer, Fenian convicts, Feuias trials and the coming prose- cations of Fenious engage a large share of attention in England and froland. ‘The ailoged Fenian General Nagle, who claims Amerirsn citizenah!p, 19 to be placed om trial in Sligo aud wii, it is sald, be defenced by Sounsel engaged by the Cuited States, Train continued is lectures in Dubiin. Mr. Bancroft bas been received ea Minister of the United States tothe North German Confedoration. Consols, 93 a 93% in London. Five-twonttes, 12k in Londen aud 75\{ in Fraukfort. Rentes declined in Paria, Cotton firm, with middling uplands at 9% ponce. Breadstuts dull. Provisions geporally advanced. CONGRESS. in the Senate yesterday Mr. sumoer read numerous despatches purporting to have boeo sent by James EL Barvey to the revels at Charleston just previous to the attack upon Fort sumter, ‘Tuo bill regulating the pre- mentation of bills to the Presidemt and the returo sbereof was ta.ea up, and while Mr. Davis, of Ken- sucky, was speskiug the House Committee to Impeach the President entered aud formally made the impoach- mest Mr, Davis yielded the Coor to Mr, Howard, upoe committee of sevem was appointed to impeachment report, The pending DILL was thon laid as: ad the supplementary Recon- struction Dill allowing a majority to vote tw decide on section wae taken up and passed. In the House the reguiar order of business was the Monday call of States for bills and resolutions for nce. Mr. Stevens made roport of his impeachment of the President vefore the Senate, The now consiitu. sio0 of Alabama was presented. The Naval Appropria- Won Dill was then taken up and considered at some fongth and passed. A pew rale directed agains: Slibus- tering and dilatory motions was reported and adopted under @ suspension of the rules. Under a similar sus. pension resolutions were adopted regulating proceedings THE LiGISLATURE. Both houses convened afier the recess iu the Capitol, f Albany, yesterday. In the Senate bills were introduced to increase the tax om rocoipte of insurance companies, a4 10 wnablu cortaia foreign corporations to boli real estate. several Dills of & private nature were passed, Im tne Assembly @ bili for the better protection of Persone loseiug of hiring personai property war ad vanced to a third reading. THE CITY. Today, Ach Wednesday, i the beginniug of Lent. Yesterday was Shrove Tuesday, or Mardi Gras; butt = mot recogeized im the (Catholic Church a» a holiday of obligation, being usually devoted to confersing of sins for the long fast. m regard to inpeachmen ite probable _Tesulte was somewhat excited tm this city yesterday, A reat deal of mpoculation was indulged in by everybody, ef revolutionary measures were gevera!ly depre- cated, tla weil known, however, tbat there are omi- wont Southermers working noinelers!y among the unem- ployed martes to ailuence @ feeling ws Congress, wad several recruiting oMocs ure in op ton, the osten- bie object of which is the formation of Johm and tho emigratce of the re eraits to Maryiaud 0 answer any call made Oy the Governor of tuat Stnie for wid ip susiaining the Presiaont, Giz thousand namoe are believed to have hoes already eurciiod, The prominent inembers of one siub were arrested yestorday, but on application to the Police Commi ors Were permitted vo continue thelr Proceedings, with the previso that their call should be Modified aud weeded of revolutionary and treasonable expressions Theexcitemeut is no less intense else. ‘where throughout thy courtry, The New Jorsey House sterday adopted resolutions Inguir- of ihe country, into the cond). Stave ordpances, The Keystone (/ub—the fargest democretio organization ip Peonsyiveain—hae pegoived itecif into ® m lary organization. A meeting of radical republicums was beid Inwt night et the Unio League Clud roome to sustain ( Speeches were made by Charice 8 Spencer, Gi Waibridge, Major Haggerty and others. Is the Board of Health yesterdey @ resolution was adopted for the institution of civ!) proceedings agalnat ue Dr. Kasey and Mra, Putnam, alias Poraeiie, the latter am alloged proprietess of « lying-!n and infant Adoption cetablichment A petition for the removal of Whe powder bonis iying off the Jersey shores was dis- oumred, A gentleman interested ip the boats said that there were four hundred megs of powder in each boat, bat tuat (bere was no dauger of their present anchorage, Im the Supreme Court, Chambers, yeuterday, Jedge Cardozo rendered as opinion in ibe Feruande Wood Jonse litigation, refusing to str! the ropiy of the oily domying Wood's couster claim for three quarters’ ond, oud Cramiug \aauea for trim before & jury, NEW YORK HERALD, WEDNESDAY, FEBRUARY 26, 1868.-TRIPLE SHEET. In the Catted States District Court yesterday tho case of the Catted States v8. 1,209 quarter casks ef sherry wine, better kDOWD ag the ‘Great Sherry Cage," was sosumed, aud occupied the court during the day, Case vot sos conciuded adoiphus Bourque was yesterday found guilty in the Court of Oyet end Terminer upon ap indictment for grand larceny. The offeace con: 4 io stealing from ® (alow Doarder, at 9) Seco coat and two pairs of panies valued at $75, was sentences to three years and three months imprisonment ip the Stare Prison. Michael Spatz, eued James Lyout in the Supreme Court, Circus, yesterday for the recovery of $10,000 The stock market improved yesterday. G securities were dull Gold was dull and closed at 142%. MISCELLANEOUS. Our epecial telegrams from Havane contain sews from Venezuela, Virgin isles, Demarars, Barbadoes, Trinidad, St Croix, Antigua, Jamaica and St Thomas, Several new Cabinet Ministers of Venezuela had resigned. The revolution bad not yet bee seen in Barbadoes on Dad 4 at St Croix. the Isiané of Navasea, Our Mexican intelligence is obtained through epecial telegrame from Cuba, Auction sales of confiscated Property are ordered for the extinguishment of the national debt. The Yaqui Indians were committing for- midadle depredations. President Juarez had been granted six months’ leave of absence to visit Washing- ton, The Mexican government has declared Puerto Angelo, situated on the Pacitic ¢oast of the State of Oajaca, ® port of entry for foreign and cossting com- morce. Despatches from New Me¥ico report that Gve hundred Indians bad attacked Fort Lancaster, but were driven off, Five Americans had been found dead ut the head of the Concha In the Constitutional Convention yesterday soveral articles were ordered engrossed for fal reading. ‘The article on corporatio mended by striking out the clause prohibiting the consolidation of rail- road companies whose joint caplial exceeds $20,000,000 aud making t apply only to paralleled or competing lines. The article o oflvial corruption was amended by adding ‘& new seciion providing for tho removal of District Attorneys who prove remiss in prosecuting criminal cases under their kpowledge. Jonvention adjourned subject to the call mt yesterday, after s:going the new con- stitution, which is eald to give general satisfaction. Five members retused to siga it, Governor Ward, of New Jersey, bau vetoed the reso- lution luely passed by the Legisiature withdrawing the State's acceptance of the constitutional emendment kuowa asthe fourteenth article, A hurricane had occured at The Scandalous Conflict at Wasbington= Tho Government Under a Cloud. A three-penny tax on tea precipitated the American Revolution. British taxation with- out representation detached thirteen of its choicest American colonies from the British Crown, aud culminated in their recognition as the independent republic of the United States of America. In 1789 the States were estab- listed in “the more perfect Union” of the federal constitution. Under this government, notwithstanding the blotch of Atrican slavery, the country flourished-as “the model republic” down to the late proslavery rebellion, Asa model of popular sovereignty, prosperity, economy and taxations so light as hirdly to be felt, its tame extended “from the rivers to the ends of the earth.” The down-trodden peoples of the Old World looked Westward with long- ing eyes and ouispoken aspirations, while their royal rulers and feudal aristocracies preached and plotted our demoralizition, dissolution and destruction. With the suppression of the most tormiduble rebellion in the history of the buman race we achieved something more. In add.tion to the simplicity, freedom and cheap- neas of our popular institutions, as proved in peace, their inherent strength in the severest trialy of war became the wonder aud admira- tion of the world. But where are we now? Where are the economy and cheapness of our republican sys- tem? How paltry appear the stamp acts and tea taxes of the old British colonial régime vis-a-vis with the imposing schedules of our present internal revenue aystem! Six hundred millions s year in federal taxations, and all absorbed in federal extravagances, corruptio aad spoliations, is a startling exhibit, The charm of cheapness in our republican institu- tions is goue. Ours has become the most ex- pensive government to the people of any in the world, excepting that of the republic of Mexico, where anarchy is the normal condition of things. This scandalous conflict between President and Congress, since the end of the war, has cost the country some two or three hundred millions a year, And what is it all for? On the part of this radical Congress it is all for the maintenance of their party in power through universal negro suffrage and negro political ascendancy in the reconstruction topsy turvy of the rebel States. On the part of the President {t is a mixture of retaliation, self-conceit, offunded pride and ambitious folly. Congress sees nothing but Johnson as the great impediment to reconstruction, and Johnson sees nothing but Congress. Johnson accuses Congress of usurpations and despotic laws, while Congress impeaches Johnson of “high crimes and misdemeanors.” Jobnson will not have Stanton to rule over him, law or no law; and Stanton—the man becoming the master—with the law in his hand and the Sevate et his back, persists in overruling Johnson. : Such is the demorallzing conflict, such is the costly farce at Washington which now over- shadows and supersedes all tho practical func- tions of the government It is enough to bring the blush of shame upon the cheek of the honest citizen at the bare recital of the facts and cause him to deplore the long inter val which delays a judgment from the people. Such @ spectacle of conflicting elements of fanaticiem, pasion and folly is as repugnant to an intelligent and thinking people as the fierce intestine convulsions which transformed the French republic into a military despotism, and because the repulsive exhibition is suggestive of a similar conclusion. Hf the appointed time for the Presidential election were at hand, involving the election of @ new Congress, we should have euch @ judgment from the Ameri- can people, in the vindication of their sove- reign authority, ae would doubtless be a warn- ing to President and Congress for generations tocome. Mr. Johnson wonld discover in the summing up that men are judged by facts and results, and thie radical Congress, weighed in the balances and found wantiag, would be ruled out, Mr. Jobnson, while wrangling with Congress upon this thing, that thing aod the other, has had his eye too much upon the democratic party, and all to n0 purpose; while the two houses of Congress, in their efforts to eripple and tie up the hands of an intractable Pxecu- tive, have made a record which calls for their own impeachment and removal from power. The people cannot immediately reach these of Penraylvania avenue, When the time comes there may, perhaps, be no occasion for anything but sympathy for the misfortunes of Mr. Johnson, so far as the individual may be concerne ; but the rights of the Executive Department will none the less demand a hear- ing. But etill the question recurs, wi!l the government of the constitution survive all these shocks and be reinstated harmonious in all ite parts, or are republican {nstitutions here, as everywhere else, save in the little republic of San Marino, destined to prove ® failure? For an Intelligent answer to this momentous question every voter in the land should prepare himself, in view of the ap- proaching elections for the next President and the next Congress, It is the remedy reserved to the people, and intelligently applied it will still be in season for an effective cure. Remember the sturdy old Roman who, wheo apparently all was lost, still did not despair of the republic; but if the people chooss to leave it to the chapter ot accidents their government #8 gone, and French imperialism or Mexican anarchy will follow, as the night follows the setting sun. The Impeachment Prosecution. Before the Sonate yesterday appeared {\¢ special committee of the House, Messrs. Stevens, of Pennsylvania, and Bingham, of Ohio, appointed to inform the Senate, as they did, that the House of Representatives, in the name of all the people of the United States, had ordered the impeachment of Andrew Johnsoa, President of the United States, as guilty of “high crimes and misdemeanors,” and that shortly articles of impeachment would be presented and made good, upon which they desired the Senate to prepare for action, President Wade replied that the Senate would act accordingly, whereupon the com- mittee retired. Next, on motion of Mr. How- ard, a committee of seven of the Senate was ordered to be appointed by the chair to arrange the plan of proceedings to the trial of Andrew Jobnson, and the chalr appointed Messrs. Howard, of Michigan; Trumbull, of Mlinois ; Conkling, of New York; Edmunds, ot Vermont; Morton, of Indiana ; Pomevoy, of Kansas (republicans), and Johnson, of Mary- land (democrat), as the committee. In the House the committee of seven sp- pointed by the Speaker to draft an {ndictment against the aforesaid Andrew Johnson held a preliminary meeting on the business assigned them. This committee embraces Messrs. Boutwell, of Massachusetts, chairman ; Stevens, of Pennsylvania; Bingham, of Ohio; Wilson, of Iowa ; Logan, of Illinois ; Julian, of Indiana (republicans), and Ward, of New York (demo- crat). It is supposed that the charges and specifications against the accused will be few in number and so clear as matters of fact as to require but few witnesses and arguments ; but from the importance and extraordinary nature of the case the trial must necessarily be of longer duration than a similar case involving a subordinate civil officer. The public, there- fore, must patiently wait the indictment, the testimony, the arguments of counsel and the judgment of the court. Two-thirds of the Sena- tors present are required fora conviction and removal from office of the party accused; but as the Senate is nearly three-fourths republi- can, if we look at it through a party medium asa court, the case looks rather blue for Mr. Johnson, In the way of legislation yesterday the Senate passod a bill providing that a majority of the votes actualiy cast in the Southern re- construction elections shall be decisive. Under the law as it stands a majority, counting both sides, of all the registered voters is required to vote in these elections, and the want of this majority, from the non-voling policy of the opposition, is the difficulty in Alabama. With its removal we may expect very soon the restoration of the outside States to both houses of Congress, including, perbaps, a sprinkling of American citizens of Atrican descent. So we go. What Congress und the President Forget. Both Congress and the President seem to have forgotten that the cruel war is over which silenced laws and made it necessary for the co-ordinate powers of the government to “energize their functions” to an extraordinary degrees and sometimes to transcend them. The nation is no longer on « war footing, but ou a peace footing, as all ought to have been con- vinced by the disbanding of the national armies after the suppression of the rebellion. Yet Andrew Jolinson has acted as if he thought that the mantle of Abraham Lincoln had fallen upon him, and that he might continue to wield the same exceptional: authority which the people entrusted to his lamented predecessor amid the darkness and perplexity of national peril. And Congress, in its eagerness to check the abuse of executive power by the Presi- dent, has itself yiolded to the temptation of exceeding the limits of its own legitimate sphere. It has enacted laws which, to say tho least, rest upon a very dubious conatitutional basia The inevitable result has been a deplorable conflict of authority between Presitient and Congress, which tends to delay reconstruction, to supply fresh fuel for sectional discord, to impede industry and commercial and manutac- turing enterprise, to aggravate individual dis- tress, and to cast discredit upon our claims as # model government at the very moment when foreign nations are beginning to recognize the United States asa great leading power, Dema- gogues and speculators may temporarily reap unrighteous personal advantages from this abnormal state of things, but it ) ©! the expense of the vast majority of An wu Oiti- zens, and all must ultimately sulle: irom the disastrous consequences of tug fact that Con- gress aud the Prosident have forgotten when war ended aod peace began, Exriosion iN 4 Distitzeny—A Susrrciovs Case.—In Tweltib street, the day before yes- terday, a “distillery” blew up, drove out the end wall of tho building and completely de- molished « tenement house in the roar. It is, hot @ very common case for « distillery to blow ap, and heuce it becomes a suspicious matter at to the materiél being manufactured. It was evidently something upon which the govern- ment was to be cheated; but whether it was benzine, or turpentine, or nitro-glycerine, or any other description of whut is called “whiskey,” bas not been discovered, and probably never will be, for the villanous com- pound was blown oky bigh, and, miraculous to say, did not kiilanybody, which it would bave been certain to do if it bad only got into the wrapgling and disorderly soryaute at both ondg ' markot instead of inte the wir, The French Army Sill-Marshat War Office Circular. Napoleon the Third may be the most peace- ably inclined monarch in Europe, and really anxious to earn the reputation of being the “mildest-mannered man” in the world; but, ag if in obedience to his natural inclination, and acting according to habit, he takes very extraordinary means of assuring his fellow men of the fact The new French Army bill, which, in its inception and during its progrees in the Legislature, created so much anxiety and produced euch an animated opposition from the liberals, becarte law on the lst of the present month, Three days afterwards— scarcely permitting a breathing time to the people—Marshal Niel, Minister of War, ordered ita execution in the terms of an official circular, addreesed to the prefects of France, and couched in distinct and unequivocal words, directing them to take immediate steps for the organization of the National Guard Mobile; or, in plato language, to set to work and place the entire male population ot the empire—with the very few exceptions provided for—in mili- tary harness, and prepare them for # call to ams. The Marshal Minister of War is very precise. He says :— According to tbe provisious of article fourteen of the Jaw of Fobruary 1, 1865, the men, unmarried, or widow- ers without children, o! the classes 1406, 1866 and 1864, who have been liberated by tue Councils of Revision, form part of tne National Guard alobue:— fnose ef | he class 1866 for tour years, ‘Those of the class 1865 for turee years, ‘Those of the class 1864 for two yeara, Under the general deamination o. liberated must be included, not only the mea wuom the Couacil of Revi- sion has deciared to be released from tue obligation to serve in the army tn consequence of having drawn high numbers, Dut also tuose exempted by Lue upplication of paragraphs three, four, five, six and seven of articie thirteen of the law of March 21, 1832, Toe men exone- rated of those three Classes du not furm part of the Na- fanat Guard Mobiie, As the service tu that corps dates from tne day of promulgation of the law, there arises a necessity to compose immediately in exch commune & list of tho young meu destined to serve, ‘Tais return ig to be drawa up by the Mayor, assisted by the four municipal counciiiors who staud first in order. These functionaries will employ tur that purpose tho List of the drawings for the classes of 186, 1865 und 1864, from which they wil take tae names of the young men Wao were either exempted in virtue of paragraphs three, four, five, six and seven of article thirteen uf the law of 2ist March, 1832, or were liverated by the aumbers tuey drow. Tie communal officials are enjoined to dis- charge their duties with “celerity” and “care,” thus :— T invite you to communicate the above dispositions to the mayors of your departmont, and to invite them to exorcise ue greatest cara and colerity in the composi- tion of those lists, You will alse not fail te explain to the populaion that these operations are ouly intended to ve used in the formation of the National Guart Mo- bile, without the young men being required for she present to assemble, The only saving words in the circular are “without the young men being required for the present to ass-mble;’t and on these words Niele and their interpretation by the Emperor, it | appears to us, rest the domestic quiet and national repose of France and the peace of Europe—perhaps the peace of the civilized world. The “young men” of France will not be required “to assemble for the present ;” but what period of time is Napoleon's present? When will they assemble, and for what pur- pose will they be assembled? The “young men of France” constitute a very formidable body just now; for the males born on the day of the proclamation of the empire are sixteen years old, and just the stuff to make good soldiers, ready, when placed by the side of veterans, to undertake to carry the imperial eagle into the heart of any of the neighboring capitals and strike for the baton of a marshal just as energetically as did their ancestors before and on the field of Waterloo. Disguise the fact as he may, Napoleon is arming France. Vague hints are thrown out in the columns of the ministerial press of Paris to the effect that France is in danger of invasion, and that the Executive is merely adopting precautions for self-defeuce. The truth is, Napoleon finds that North Germany over- shadowed h‘s military prestige, clouded it, per- haps, permanently, by a quiet gbservance of the rule “in time of peace prepare for war ;” and he seeks, in the first place, to retrieve his position, ond, should a reasonable opportunity occur, subsequently demonstrate openly to the world by great war that France hay not degenerated in her martial prowess or military power under his rule. It may indeed be said that this course has become almost @ personal as it is certainly o dynastic necessity with Napoleon. His politi- cal name and military fame have been tarnished eonsiderably by the diplomacy end action of Bismarck, the flank movement made by Italy on Austria during the German campaign, and the sudden subsidence of Francis Joseph betore the needle gun. The Paris Exhibition, the imperial visita, the Cabinet coquetting with South Germany, and the attitude observed by France towards Turkey and the East generally since the termination of the German war, failed to restore him to his position. The Emperor has seen the old alli- ances of the European countries dissolve to a great extent; but the German war dissipated all hia calculations a3 to the probable tendency of the new formations. They are not assuredly with France—France under Bonaparte—and hence it may be that, estimating Bonaparte as France, after the manner of his uncle, he may be preparing to teach her to “trust herself alone,” and ace if sho cannot conquer with the Chasse- pot, ber iron-clads and a reorganized National Guard, a pew standing and fricndsbips, which will induce and enable her to transmit the crown to his son without internal revolution. If such be his intention the day of experiment is not far distant. Marshal Nie!’s circular an- nounces ite approach, and the industry of Europe remains paralyzed by the exertions which the neighboring Powers sre compelled to muke in arming to meet it. The Political Steeple Chase at Washingtou, In the exciting race at Washington Andrew Johnson is entered alone against almost @ full Congress of competitors for political power and its perquisites, Hvedless of all but personal and selfish considerations, both Presi- dent and Congress seem to be rushing on towards their respective goals at @ breakneck pace. Can the great and intelligent American public remain indifferent spectators of this atruggle for “the spoils?” Can they forget what vital and momentous interests are in- volved in it? Both parties to the contest profess to repre- sent the people. Congress pretends it is to secure the fruits of our painful and bloody civil war that it enters the lists against the President of the United States; and the Presi- | dent, in his turn, avows that bis role destre ts to maintain constitutional rights against fac- | tious and tyrannical opposition. Congrers affects to be carrying out the wikhes of the people, nad secks to limit what it atigmatizes as the “one-man power,’ so odious to our democratic wogicty. Tae Prosideg on the other hand, déotares that be is conscientiously acting, singly and alone, with a deep sense of his duty as the custodian of constitutional rights. The fact is that all he combatants in this fierce and disgraceful contest for power seem to have lost sight of the national will as the real and only source of legitimate authority in our republic. In due time and in the right . way the people will doubtless enlighten the blind leaders who are now trying to mystify and mislead them. It is eafe to bet against all odds that in the long run truth and justice wil! win, The Western Unies Te! Compnay= Ite Abusce and Their Remedy. A correspondent, whose communication is published in to-day’s Henao, calls attention to one of the many abuses practised by the managers of the Western Union Telegraph Company, in the prosecution of their endeavor to form themselves into a monopolizing news association, in order to control and trade upon commercial intelligence in every part of the country. Stepping entirely outside their leg ti- mate business, and violating, as we believe, the provisions of their charter, the Western Union Company have formed what they calla Commercial Bureau, ‘Vhis bureau is owned and managed by the company, and our correspond- ent complains that in order to compel persons to tuke its reporta obstructions are placed in the way of all outside commercial agents, their telegraphic messages are delayed or tampered with, and the news forwarded by the bureau belonging to tke company is given undue preference an transmitted over the lines ia udvance, in defiance of the law which provides that telegraphic messages must be sent in the order in which they are received, with impartiality and good faith. This business of commercial reporting is the pet scheme of the present Western Union management, The power to control all com- mercial intelligence, to keep any important change in the markeis, or other news that would be iikely to oce.sion great fluctuations, secret from the press and the public until it has been traded on and sold and speculated with by the telegraph people who happen to be inside the “ring” is a prolific source of profit; and it has been the hope of effectu- ally securing this means of money making within their own grasp that has made the Western Union Company anxious to seize upon the whole business of press reporting, to estab- lish their own commercial and marine bu- reaus, and to assume to dictate terms to the daily journals and to probibit them from doing business over any other lines. If the press had consented to suffer the telegraph to thus control and monopolize news it would not only have des:royed its own pros. perity and usefulness, but would bave placed the whole commercial community at the mercy of a set of grasping and unicrupulous jobbers. As our correspondent justly remarks, the profite of all this outside, illegitimate business do not go to the stockholders of the Western Union. Its effect is to decrease the actual telegraph receipts by driving customers whose messages are delayed or tampered with to other lines. A commercial agent who is sending daily messages to special firms will not be likely to transmit his business over the Western Union wires when he knows that the managers, in order to promote the interests of their own Commercial Bureau, will delay or tamper with bis reports. .-Nor will « private individual be disposed to eatrust any important information he may dosire to forward by tele- graph to a line whose operators and employés from end to end act in the double capacity of telegraphers ond news pediere. Thus, while the illegitimate profits of the parties concerned in these outside news speculations may be in- creased, the revenue of the stockholders must necessarily fall off, and it is to this policy of the Western Union managers that are mainly owing the decline of the cormpany’s stock and the non-payment of dividends. It is fortunate for the public, and especially the commercial! community, that they are no longer at the mercy of a monopoly, but that reliable competing lines are now in operation to most important points, while projects already under way promise speedily to spread opposition wires to every part of the Union. The Atlantic and Pacific Company, with a capital of five million dollars, has now over eight hundred miles of route in operation, and three thousand miles of route and seven thou- gand miles of wire under contract aud con- atruction, touching nearly every point in the country north of Mason’s and Dixon’s line reached by the Westera Union. Their connec- tions and contracts with lines in Canada and the West and Southwest cover, besides, four thousand miles of soute and about eight thou- sand miles of wire, Their connection with the Franklin line for Washington and the East and with the New York city line affords them peculiar facilities for doing s good through business. Their receipts steadily in- creased : in December, foarteen per cent over the preceding month; in January, an addi- tional nine per cent, and thus far for the present month, au additional fifteen per cent. The New York City Telegraph Company, which has forty-five miles of wire in operation, is rapidly monopolizing «ll the city business hitherto pretended to be done by the Western Union, and forms a through connection with all Eastern and Western opposition lines. The receipts of this company are nearly doubling every week, and its managers are constantly adding to thelr stations and- wires to supply the public demand, The Franklin, the Bank- ers’ and Brokers’, the Pacific end Atlantic and all the existing opposition lines show similar symptoms of succoas, while the National Tele- graph Company—a most important project, now making good progress and intended to build competing lines to all paying points reached by the Western Union—promises soon to bein the field. This Iatter company, with » capital of ten millions, does not commence conatraction until ite whole capital ia sub. acribed. Iteesks to scatter ite stock among the prese and business men from Maine to California, a0 as to interest the persons who pay money to telegraph tines in ite auccess, It calculates to build ite lines bonestly and to make ® large income at rates one-half of those now charged by the Western Union, and there Is no doubt of its speedy completion and assured prosperity. Thus the Mlegitimate and ruinous policy of | the present Western Uaion management revoile | upon ity authors by building up succersful opposition linea all over the country and effec- tually defoaling their attempt at monopoly: The only parties to euifur wil be the stockholdore se of that shamofully managed corporation!’ + ne once valuable property will soon be remy ered almost worthless. As far as the people ,* large are concerned, they are benefited by thé success of competing lincs ; for through a pros- Perous opposition they secure the three essen- tials in telegraphing—low rates, inviolabilily and despatch, Repudiation the Sure Result. Repudiation looms in the future as the inevitable consequence of the new turmoils into which the politicians of both sides ate planging the country. Mad with party hates, the radicals on one side, and the President and his advisers on the other, take no care for the necessities of the nation, heed not the fact that the people are depressed with the weight of taxes—that the country is staggering under the evils incident to the actual destruction of its financial equilibrium. Indifferent to the obvious facts of the nation’s condition—that it needs to be set on its feet, and needs the assistance of wise laws and mod- erate administration,to enable it to recover from the tremendous drain made on its vitality by the war; indifferent or blind to all that they should see, the men in high places push the destructive purposes of party with euch fury that the financial honor of the governa- ment must surely go dowa in the struggle. Suddenly, as the immediate result of the struggle for party power, the great doubt of the war, the deep problem that was supposed to be determined and closed forever, is opened agrin. That great doubt was, would the United States go through so fearful a strug- gle and come out safely—come out soon also—a vital, efficient power, pos- sessed of a dominant legitimate govern- ment, acting under the law? Upon that point rested our credit, and as the result seemed doubtful for us our bonds went down; as the prospect brightened they went up. But the war was brought to a close. The legiti- mate government had triumphantly asserled its power, and was respected and supreme in the exercise of all its functions. We had falsi- fied all the examples of history and all the ill- natured prophecies by going through the great struggle without political convulsion, and the vast debt we had incurred to rescue the nation seemed safe—the pledge of our honor sure to be redeemed. But all at once there is an entire change. We are thrown back trom the fixed point we had reached and float in the uncertain sea of revolutionary troubles, so tossed hither and thither that none can say where we may be beached. We are again {f the category of nations whose great wars ended in greut internec:ne contests for politi- cal power; and people must reason to or future from such examples as that of Frapee, in which the series of changes ran through s score of years and upset all law and order. Who shall say now that the sation’s bonds will ultimately be of more value than were those of France? or that the United States greenback will not figure in the same chapter ot monetary bistory that recites the story of the French assignais? Our tendency is dowoward in the same direc- tion. Already a party has dared to raise ite head to put forward @ repudiation candidate for the Presidency ; and gow that the people can see no prospect that the burden of taxes will be relieved, now that there is all appear- ance that our financial condition will go from bad to worse, this repudiation party will find its hands immensely strengthened in popular sympathy, and may suddenly discover that it bas grown to be one of the great exponents of the popular will. And thus it is that impeach- ment, and the disturbance it involves, means in the result neither more nor less than national bankruptcy. Trouble in the New Dominion on Inerense. In the Hvratp of yesterday we published o long and an able letter from the pen of our special correspondent at Montreal. Our cor- respondent enters with some degree of care into the difficulties of the New Dominion. It has long been plain to us that the Ottawa Parliament, which is to meet early in March, has beiore it work of a very Herculean order. Our correspondent’s letter fully confirms our opinion. Nova Scotia has decided in favor of secession, or, if you will, on the disruption of the confederation. Her best man, Mr. Howe, has been, or is about to be, sent to London at the head of a deputation whose business it ie to petition for the separation of the Blue Noses from the New Dominion. We are turther informed that the honorable gentlemas has accepted s permanent engagement on a London newspaper, which may mean many things, but which does not forbid the idea thas though he is done with the New Dominion he is not necessarily done with the British empire. We are also freshly informed that New Brunse- wick is fully prepared to follow her maritime sister. Lower Canada we know is but indifferently contented. Now would have been our opportunity to make the Canadse integral parts of the United States. But, alas! thanks (o our political sages, incorporation with ue at the present moment would be regarded by the Canadians as anything buta blessing. We lose our opportunities. Whom are we to thank ? Tho Way te Settle ¢! f All the trouble and excitement at Washing- ton could be easily remedied in the most har- moniour manner if the grand army of General Boum would only march on the capital and sing the belligerent parties into good humor. Half @ dozon serenades would settle the business and make Andy Johnson and Stanton ehake hands at once, under the soothing influence of piff, paff, puff, which would cor- tainly remind them of the piffy, paffy and par- ticularly puffy character of the row. The sabre de mon pere would be a more doughty weapon than all the sabres of the “Grand Army of the Republic,” if they have any; while Prince Paul and Grog would bow Old Thad Stevens, Bingham, Boutwell, Brooke and the rest of them into “mutual great politeness,’’ Old Boum, with his cocked hat, would come booming down like a man-of-war “to threaten and command,” and the successful, good natured and too much loved Fritz, with his magic Wand, would smiie and sing all the discordant elements into the inost delightful harmony. As to the fair Duchesse herself, we will not pretend to say what ber influence would be cither in the White Mansion, the War Department, on the floor of the House, orany other end of the avenue Petticoats and bright oyea bavg according to history, Business at Wash-