The New York Herald Newspaper, May 21, 1868, Page 8

te} “SOUTH AMERICA. HUMAITA STILL HOLDS OUT. Reinforcements Demanded for * the Allied Army. The Presidential Contest in the Argentine Confederation. Steamer Mississippi, Captain George B. Slocum, of ‘whe United States and Brazil Mail Steamship Com- pany, arrived af this port yesterday from Rio Janetro, April 25; Bahia, April 29; Pernambuco, May 1; Para, May 6; St. Thomas, May 14. She had pleas- ‘ant weather during the entire passage. She brings ‘wwenty-six first cabin passengers and several in the steerage, The Mississippi has brought the largest eargo of Rio coffee that ever reached this port, and ‘probably the largest ever shipped from Rio Janeiro. + ‘Fhe cargo consists of 12,399 bags besides a variety of other Brazilian productions, BRAZIL. War News—Humaita Still Resisting—Steam- ers Sank—Troops Wanted—Irishmen in brag Rio JANEIRO, May 25, 1868, The news from the seat of war down in Paraguay does not amount this time to much, asthe position of beth parties remains about the same as that no- ticed:in my last letter by the British Southampton packet—that is to say, the allies having occupied the Mnes of the quadniateral, which were about a mile eatade those of Humaité and enclosed this fortress with the works and water batteries of Curupaity, they have been enabled to shorten their circuit from twenty-five mites to about twelve, and to place some of their cannon within about half a mile of Humaité. Curupaity is now their base of sup- plies, and they are, of course, in 8 much more favorable position than they were for the siege of Humaité, which, however, still holds out Qrmiy, although stripped of most of its cannon and having a garrison of only about three thousand men to maintain it against at least thirty-five thousand men, twelve iron-clads and twenty wooden gunboats. The ground outside, it is true, is very cut up and swampy, and the Marquis de Caxias is represented to be riding twenty miles a day in recon- moitering it; but, as a radical journal here puts it, the people would be better pleased if, instead of riding twenty miles, he would advance his cannon a dozen feet a day. Two of the Brazilian tron-clads have managed to effect a useful piece of service, The garrison of Humaitd had two small steamers which kept up their communications with the Chaco side of the Paraguay, whence they receive supplies, and with the strong fort called Timbo, about seven miles higher up and upon the Chaco side, and which may be considered the téte au pont of communication from the remainder of Paraguay with Humatté. ‘Two monitors dropped down early in the morning below Timbo, and, engaging that fort, searched for the Paraguayan steamers. One was soon discovered snugly hid up an inlet behind that fort, and the little monitor, following up within range, soon planted a rifle shot below wind and water, causing it to disap- pear in water deep enough to cover even the top of the chimney. Some more searching showed the Other steamer some distance below, in a narrow channet between an island and the Chaco, and the larger monitor, with her 150 pound rifles, succeeded in disposing of it in the same way as the first. This successful operation must embarrass the Paraguayans greatly, as they have now row boats alone, unless they succeed in “raising the steamers, which I would not like to bet they won't $4.50, bring their supplies across the river or to en- able them to eacape from Humaité when they think of abandoning it. But the river is falling and will, ‘&t Is suid, be so low in a week or so that, good swim- 3 ay, ey all are, they could get away without ‘The latest accounts received announced that 2 three days’ bombardment would be given to Humatt: id the fortress would then be assaulted, and some loubtful accounts stated that this bombardment had commenced. Both the ministry and Caxias are very anxious to be able to report the fail of Humaité be- fore the ture takes the war Up, and therefore Mt is probable that the next packet will carry the news, with ap exul' declaration that the war ts at anend. But this will not be the case, unfortunately, af, Sp thes Me | seems to show, Lopez has arm: ‘the river Tebiquary and Villa Rica with the cannon from Curupaity and Humaita, from which it fs sup} 150 to 200 heavy pieces have been taken from under the eyes of the allies without their suspecting it. e country south of the ‘Tebiquary proved the grave of an Argentine army which invaded a ago and was stop] by the defence of the Tebiquary, and it is Dot impossibie, nor indeed improbable, that the allies will have the hardest part of their work to do aiter the capture of Humailta, before they succeed in subduing the Paraguayans and driving out Lopez. The works of Curupaity and the “quadrilateral” enclosing it with Humalté are represented to be masterpieces of military enginee! with weil made parapets, firm beaten platforms and ditches from seventeen to thirty-five feet wide and sixteen to eighteen deep, On these piatforms and in the ‘water batteries of Ourupaity the a Ges had iaced palm tree logs, covered with hides, which use for tarpaulins, Beside these stuffed scare- crows were placed to simulate sentinels, and it is evident from the grass and bushes grown up inside the works that the allies were kept off for months by these mock cannon, while the real ones were quietly removed and sent elsewhere. All these huge and powerful defences were constructed after the Mar- Yaa waeapieenien Tuyuty to the back of Humaitd, when, instead of pushing on his march or even opening siege trenches, he lay for months out of gunsuot di nothing, while 12,000 or 16,000 Paraguayans were throwing up these wonderful — and finding time to cut off convoys and attack use, With all the efforts made in the d hes to ele- Yate the occupation of abandoned works into agreat triumph of the Marquis of Caxias the Brazilians are Very tore on the point of 35,000 men being kept out- side for mouths by wooden cannon and scare- ern bie Lig I heated poate shirk the sub- «md prai @ Caxias for what he hi , gol a bat the rad cog rs quiz te cameras And} think nothing but @ very brilliant triumph ‘Would mguin for hii the consideration he formerly ‘Was hel¢ in—why it is diMicult to say, for he had not, a tus war, done anything to give him pUtati as a general uniess his propensity to talk nediyapon military topics had’ induced’ the be- lef in hi capacity tw practice what he preached, Bearing wn the point whether or not the war wili Speedily befnished is the fact that Caxias has asked for five thowwand more men, which, it is supposed, wanted o enabie him to occupy Asuncion while operates igainst the Tebiquary with the bulk of his ary. Sane six hundred were sent off this fort- Bight; but theoall for fresh supplies will be a terrivie isappointmert to the poorer population of the pe wht were counting upon a ceasation of chase whicl had forced 80 many to take to the ‘woods or resist‘heir persecutors with arms, } ag 4 steamer has arrived, with a day later The artilary on both sides was keeping ap a continuous roar, he Paraguayans repiying sturdtiy to the shell and shyt pouring into Humaité from the gunboats and the lew batteries the allies had thrown up. No details or aficial despatches yet. The Rio people ire busy laughing yet over a i Pog nne Se eS ee NEW YORK HERALD, THURSDAY, is six or eight coy enicipal chal it of this the for profit, The subarb issmall, ey i ing the Emperor’s resi- ‘There is a splendid Railway has a sta- If the omibus sta- bt people living t! dence) mostly ave Teta itn four ie 8 day. wi 3 tion came down to the business might but parties will naturally re an i ee aioua close at hand to Pair oh oon a wl fer taking to walking a mile to get to the London exchange remains steady at 19 pence to the milreis. Gold is 150, Southern Immigrante—Character of the Em- pire=The Natives—Crime—Senaterial Elece tion—Effect of the News from Humaita, PERNAMBUCO, May 1, 1868, Lesser lights of the game character have appeared above our horizon in Pernambuco, One of the superior race, from South Carolina, some time since became disgusted with agriculture and engaged in business as a buyer of cotton and seller of gins for 4 gentleman from Mobile, now established in business here, By means of altered railway receipts for cot- ton he put pimself in funds, and then stealing—‘‘the wise convey it call”—two horses, started out to acquaint himself with the geography of Brazil. He has arrived safely in Rio Janeiro, but it is possible that the Chief of Police there, moved by the reports from this quarter, may exhibit an attachment for his person and possibly capture if not captivate him. Of the emigrants from rebeldom who have landed here‘and still remain in the pro- vince, two families from Louisiana bought planta- tions about seventy miles from this city, near the Recife and San Francisco Railway, the others being poor settlers on government lands beyond the terminus of same road, say one hundred miles from town. Their success has not been encouraging. An Irish American calling himself Colonel William Graham, of Alabama, obtained from the government concession for lands on which to plant a colony, and also induced the President of the province to ad- vance him twenty-five hundred milreis, on which he went to the United States last year to bring out his colonists. I am not in this man’s confidence, but the usual plan is for the promoter of such schemes to bargain for a payment to himself of say $10 for each colonist, and to sell to the colonists at a handsome | py the lands conceded to him by the government. he provincial authorities expecting a at rush of North Americans as the result of Colonel Graham’s efforts, ordered the old cavalry ks on the Olinda road to be prepared for their reception. These barracks are situated in the midst of extensive mangrove swamps, and have been a long time vacant because the lace was so unhealthy that the horses could not live there. Colonel Graham returned recently, but his colonists did not accompany him, It is said we may expect them at the end ofthe rainy season. I think it not improbable that the doughty colonel may find it necessary to go for them, in which case, no doubt, he will endeavor to _ go at theexpense of the province, and then, as before, represent that he is spending his own money and valuable time for the benefit of his suffering countrymen, The provincial government was previously “done” out of five thou- sand milreis by a so-caljed Polish count, who repre- sented that a large body of Poles who had emigrated to the United States were desirous of coming to the land of the cocoa and palm. The count turned out to have been a gentleman’s servant. His late friends do not care to talk about him. In brief, tlfe Southern immigrants have proved almost without exception shabby set. From all parts of the empire I hear of the decay of the colonies which, but a few months ago, gave promise of such wonderful results. The whole thing is a humbug. The man who cannot ‘it is peace or war, revolution or progress; and in any event the next Presidential term will be a very dif- ferent one. One ofthe city papers sums up the prin- ciples of tne candidates, as indicated by their respec- tive policies, thus:— Sarmiento—Instruct yo mae peace. As the lines of telegraph are go short it is imposs!- ble to gtve any correct report of the result, and two Weeks at least must elapse before we can be as- sured. We are too near the result to give any value to a surmise of mine as to what it may be. If I can gather apy news of importance on the subject I will make it the subject of a separate paragraph. War news appears to be as unreliable as that of politics, No great movement has yet been made, The general attack intended so long occurred on March 21, and the allies marched on Curupaity. That fort was found to be defended by about eighty men of flesh and blood and as many more of straw. One cannon was left made of tron, and the others were made of palm logs, cut off square at the ends and stuck upon sticks and old cart wheels and cov- ered with hides to keep them from taking dam: irom the weather, The living men retired to the old fort, Humaité, and the straw men were 80 as- saulted as to cause more work for the tailor than for the doctor. Itapiru and Tuyuty and Tuyu-cué are allto be abandoned and the buildings burned and all isto be removed to Curupaity as a new base. ‘The fleet will now leave the river Para’ and peas round into the river Paraguay. The allies have chosen a low place for the new encampment, and if the winter should prove wet they must be drowned location of President Lopez is not The force he has left at Humaltd is not and he may not be disposed to suspend much on keeping ined genoa Lopez 1s locating a new fort atthe mouth the Tebicuary river, where he removed a great part of the guns from Humait How he to do it while besieged isa (ete tion that a military commission might inquire into, There is no doubt now that for many months past Curupaity has kept war steamers from passing by the mere moral force of its palm tree cannons. At resent the resources of Lopez are complete! nown. There is no joy at the arrival of the allies as liberators. There is not a record of one word of wel- come, The stories of the sighing for liberty by that down trodden ple are now proved to be moon shine. They retire as their means of resistance dimi- nish, but they have retreats where one jungle or one marsh will be equal to @ year’s work on entrench ments, and these they choose wisely. They no more think of surrender to-day than they did on the first nies the war. @ political results of this war on the allies them- selves will be of a marked kind. Brazil is already felt in this valley, and even now has virtually a pro- tectorate over Uraguay. All the naval force of any importance of this war is Brazilian, and no matter how the war ends Brazil will be arepared to dictate terms of existence to only one single country of the River Plate region. ‘The election of Dr. Elizalde is made to turn on the supremacy of Brazil. He avows the necessity of Brazilian support for this country. He was princi- pally instrumental in making the triple alliance treaty by which these three countries are jointly and separately bound not to make any treaty witn Lopez, but to; Rrciet with the utter subjugation of Paraguay, and then to give the country a govern- ment that will agree to pay the expenses of the war, This treaty is not now populat, and it is very impor- tant for the country to know whether the war and the treaty and Elizalde will be sustained or not. Next mail will tell the story. ‘The quantity of hides shipped, loading or contracted for, is much less than at this time last year. At this time they foot up as foliows:—Up the rivers, 108,862; at Buenos Ayres, 226,450; at Monte Viceo, 98,000. The price of wool is increasing for the European markets, especially for Antwerp, Ata fire that occurred at Monte Video on March 28, Mr. Wm. Rothbone, of Buffalo, was killed by the falling of a roof, He had just aided, in a most daring manner, to remove a large quantity of gunpowder, He has left a wife and child for whom a subscription 1s now collecting. make a li in the southern part of the United States cannot make a living here. Three hundred and sixty-eight years ago to-day this country was claimed for the crown of Portugal, anc notwithstanding all the beautiful things that could be sald, and have so often been written, of its de bey climate, noble rivers and majestic moun- tains, its forests oi precious woods and a thousand undeveloped sources of wealth, it still remains for the most part a howling wilderness, The interior of Brazil is tr! lesa known to geographers than the interior of Africa. Only @ strip of land along the and near the larger cities is caltivated to any extent, and excepting around the capital of the em- pire there are nd roads worthy of mention. The inte- rior towns which figure on the map are with but few exceptions towns only in name—they have brevet rank, The Indians of the interior are sav: unfrequently cannibals—and but a short distance from the great seaports and business centres the ad- ministration of justice and the execution of the laws are things to be talked of, but rarely to be expe- rienced. This country is one which @ North Ameri- can can only begin to understand after a long resi- dence'and some attempt at exploration, and the fun will not pay for the powder. 1 might fill a page with extracts from Brazilian papers recounting various murders, attempted assassinations, abductions of females, resistance to authority, rescues of prisoners and recruits, &c., but such matters would hardly in- terest your readers. Of local news there is but little of importance, The President of the province has named the 28th of June for the selection of electors and the 2d of Au- & for the meeting of the Electoral College, which to select a Senator for the province, Committees have been ee in the different Parishes of the city to collect funds and to prepare generully for the rejoiciugs which we are to have when the news arrives that Hui ia is taken and Lopez subdued. One cannot help thinking’ of the famous directions of Mrs. Glass for cooking a fish. We rejoiced exceedin; af in March over the news of the success of the allied arms. The taking of Curu- paity was good for a total suspension of business for three days. Custom House, public offices, banks and Stores were closed, salutes fired, bells rung, flags dis- ore and the supply of rockets exhausted. We ave been looking very confidently of late for more news of the same sort, but the French mail of the 29th ult. only gave us the usual story, Hu- mait4 was virtually in the wer of the allies, but few soldiers in the fort, the guns ali removed, and it was to be surrounded and en without any great sacrifice of life, Fifteen thousand more soldiers wanted immediately, Apply to General the Marquis de Caxias, in front of Humait In view of the cheering news the value of the paper milreis has fallen to 1955 pence. Seriously, there can be but littie doubt of the final success of the allied arms provided pave hae not quarrel among themselves ; but afew such successes as the late ones would be ruinous to Brazil. What is to be done should be done quickly. War is a fearfully expensive luxury for nations with undeveloped and therefore unavatiabie resources. So far the value of the currency has kept up won- derfully. Whether it will be of as great vaiue in com- — with gold one year from this is doubtful. ‘he Commercial Association of this city has taken the lead in promoting a scheme for the construction of a telegraphic line between this and Rio Janeiro, It is a matter of urgent necessity, and it isto be hoped success wiil crown the efforts of the energetic gentie- men interested. ‘The mail from the north brings news of great ex- citement in Maranham, consequent on the arrest of two of the most respectable merchants of the city on the charge of hay in their yon and passing counterfeit notes. e people appear to be unani- mous in the opinion that the persons imprisoned are innocent, and they w! ir very loudly that certain prominent bank officers are the guiity ones. It is a crime here to gr et counterfeit money. Itappears that Mi jam is flooded with the faise issues and one of the yemmene now in *jail, hearing there wasso much of it in circulation, carried his money to the authorities for examination, when, un- fortunately for him, they discovered that he had a considerable nny! of it, Nodoubta majority of the merchants were in the same predicament, so far as having faise money goes; but the unfortunate man who submitted his cash box for examination was sent to jail. The merchants called a meeting at the Chamber of Commerce, which was largely attended. They resolved to close their places of business for three days as a token of their sympathy for the per- sons imprisoned, Afterwards they formed a pro- cession and went in a to the government palace Loexpress to the Presklent of the i tice done to two of the most we merchants of the city. The President expressed his sympathy with the movement and his confidence in the accused, and gave permission to visit the prisoners. nye then called on the Chief of Police, whe is be- lief in the innocence of the said he ar- ee which occurred this A party in the statement of the editor of a fused the ed’ nose was he got something was brought fore the police, ana, of the state of fear which these rough proyeedings had thrown him, 6 man of very nervous yen the editor juced in coyt his trowsers, in ajstate Ss An question ‘Which recruits are said to U» familar with when they come under fire, arrived in The first load of 339 Inlsh enigrants the Florence Chipman. Ther are w eigaliy from a fw English from the — - Birmingham, and jarter are amon, They. if ‘ive children under six oats: act the Braaitiane axe much pieased with t quiet aad respectable oe and their respectful manners. Zhe 1d & visit to them and left « smatl sum for @ children. He was much gratifes by their looks and behavior, for he had a great dread of the Irish owing to an affair which occurred here when s man, The count 22 Fite ame Green pi hod then warring 5 offer was accepted. Gene eet be come te pottte by Dromiees of i en they Bot hare they were put ia the qu , but when gud ieee were to be made soldiers of revi 5 heir sticks, thrashed the police the soldiers, and for three days had Rio com- yf in their power, Unfortunately for them they bed pe ay and while drunk some of them were 10% ‘the rest imprisoned, Finally, all but a few who stayed were sent back to Ireland. and Mr. Esher, aceite mu Se lew York, lev oO ze & com. | my meee the concession Yor e tehmroad oman. 8 frota the Cainpo Sta Anna to the suburb called San Chriatovarn. {think Americans would do weil & be Chasy of such pnterprives, At present the Bo- at rested them by order of the ister of Justice at Rio te Jato aamure the prsonets of the. ayimpathy of he jail to assure the ners L o the public, Bail for ‘ne risoners Was retuned. “ine British Consul happened to say while conversing with the Forvagaese Consul that he too had @ hun- dred or more of the false notes, and express his astonishment that tre had not been arrested, where- upon the P maul the President in an official note of the fact, and demanded that the ae treatinent should be meted out to the British Consul as to the Portuguese merchants. No doubt te Ereahdeat wisely concluded not to push his vigi- ‘The merchants of Pernambuco are 1 forward to long duli season. ‘The or part of he greater part ps has already bee! ori, pin Ts and few articles ARGENTINE CONFEDERATION. Presidential of the Candie datee—Result Not Yet Known=Nows from the Seat of War—Quaker Gune and Straw ‘Hide and Wool TradesAn American at a Fire. \ BUENOS Aynes, April 13, 1868, The exction for President, which oceurred yestet day in thy republic, has for @ month absorbed all attention: ‘The Mewspapers are full of it, and no movements fa the army have occurred. The publio 1s greatly in the diversity of candidates, and the tinew of policy imarked out by each fii) all | persone with anxiety for the future, It is nut merely 4 political abstraction that divides the candidateg— The Sarmiento Ticket Ahead in the Cuple MAY 21, 186—TRIPLE FINANCIAL AND COMMERCIAL. ‘Wrpnespay, May 20—6 P. M. ‘The gold market has-been strong and moderately active to-day, and the fluctuations were from 1395 to 130%, the closing transactions being at 139%. ‘There was@ good bosrowing demand for coin, and loans were made at 3 a 4 per cent per annum for car- rying. The gross clearings amounted to $21,104,000, the gold balances 1 $1,460,732, and the cur- rency balances to $2,389,371. The shipments of specie were large, the steamer Australasian having taken out $975,000, and the Nebraska more than $100,000, This, in addition to the $415,000 shipped yesterday and an equal or greater sum to be taken by the Bremen steamer to-morrow will make a larger total than was generally looked for, and to this continued drain to Europe the up- ward tendency of the premium is mainly attributa- ble. The disbursements of the Sub-Treasury yester- day in payment of the May interest on the "public debt amounted to $275,000, It is noticeable that five-twenties have experienced a further ad- vance of one-eighth per cent on the London Stock Exchange, and the fact that gold improved a fraction notwithstanding shows its extreme firmness. The speculators mani- fested no dispositim to base operations upon the Proceedings in the Chicago Convention, and the practical adjournment of Congress until the 25th inst. left the market free from political rumors. The money msrket continues very easy at 526 per cent, the lealiug dealers in government secu- rities being ofered more funds at the lower rate than they can make use of. The loan- able resource) of the banks are increasing under the drsin of currency from the interior, and the demaid for loans from the Stock Exchange ig light, in cossequenee of which the banks and pri- vate lenders have to seek other employment for their surplus. Th? applications for discounts are on a very limitedscale owing to the dulness of trade, and the best grale of commercial paper passes at 6 a 634 per cent m the street. The conversions of seven- thirty noes into bonds at the Sub-Treasury are going forward very rapidly, the aggregate to-day being $/,774,650, witlle $1,245,000 of compound interest, notes were redeemed. In addition to the $13,927,000 of the latter which matured on the ‘15th ing., there will mature on August 1, $12,508,120; on September 1, $3,127,290; on September 15, $1,181,990; on October 1, $1,985,380, and on October 15, $9,300,750. More than half of the May compound notes have already been redeemed in three per cent certifeates through the Assistant Treasurer. The latter is understood to have neither sold gold nor bought seven-thirty notes during the day. Tie stock market was strong and moderately ac- tivy during the early part of the day, and the transac- tims in Pacific Mail, which advanced at one time to 93, were unusually heavy. The demand for this steck, which appeared to come from outside parties, tok the street by surprise. The stock has been a target for the bears for some months past, and the “short” interest in it is so large that the street {8 by no means prepared for the turn in the opposite direction, of which it begins to show some symp- toms. The auditing committee of the Pacific Mail Company to-day made a report, which was unant- mously accepted and adopted by the Board of Direc- tors, in which they state that they are unable at the present time, in consequence of delay in the transmission of the Pacific accounts, to lay before the Board the customary quarterly statements and tal—Gold and Exchange. BUENOS AYRES, April 14, 1868 We have notices now of the result of the election in every part of this city. There was no opposition. The “Club Libertad” carried the day, electing its electors. In this city of perhaps 170,000 people there ‘were only 1,186 votes cast according to the reports, that being the highest number of votes cast for any elector. The electors chosen were for Sarmiento and Alsina, We have no news from other parts as to the elections, There is @ steamer from the seat of war with ne ews except that a general attack on Humaité was planned for April9 We do not give much import- to such reports. When they really do strike they do hot give notice. It is impossible to state yet what will be the result of the elections in all the republic. Commotions in the interior prevent elections being held or the military power being exercised, and they may induce Congress to throw the vote of some provinces out. Goldis now coming back from Europe. The last steamer brought £50,000, Exchange on England, 493d. to the gold dollar. The Presidential election ts the great excitement of the times, Sarmiento’s ticket, with Alsina as Vice President, had been voted nearly unanimously in the city of Buenos Ayres, and probably will be carried throughout the province. He is also tolerably sure in two of the northwestern provinces, but Urquiza will run him hard, even if not successful. Corri- entes and Entre Rios are sure eards for Urquiza. Santa Fé favors him greatly, and in the northern rovinces the Generals “‘pacifying” them work for jim in every way, even to de; Governors, as they have just done in eon and Catamarca. In Cordova there has been a military pronunciamento turning out the Governor. This was brought about by its war contingent of 150 men, who, wien about to be shipped offto Paraguay, mutinied at Rosario, killed and wounded some officers, mounted and re- turned to Cordova. The Governor sent @ force of national guards to disarm them, but these joined them, and both then entered the capital and upset the Governor. From Montevideo the only special point of in- terest is that, notwithstanding the opposition of some of the banks, specie payment will be resumed upon the ist of June next. The President, it is said, made it a government question and declared he would resign if the suspension of specie payment were extended. BOOK NOTICE. GRANT AS A SOLDIER AND A STATESMAN: BEING A Svccinct HistoRY OF His MULITARY AND CIVEL Carrer. By Edward Howland. Hartford. J. B. Burr & Co, ‘This bulky and well printed volume of 620 pages is, after all, but a “campaign document,” although writ- ten in a more scholarly and thoughtfal manner than most of such documents, The history of Grant’s mili- tary and civil career is succinctly and clearly pre- sented, without, however, adding much to the stock of knowledge on the subject contributed by numerous other authors who have recently “attempted the life” of the hero who led our armies to victory in the great struggle that saved the nation. What is chiefly peculiar and praiseworthy in Mr, Howland’s book is the thorough American spirit, en- lightened by a@ philosophical view of the ‘“de- mocratic idea” in which it is written. We regret | that effectively as General Grant entitled himself to be eulogized as one of the foremost soldiers of the age, he has not yet by any means justified the high claims set up for him by his admirers as a statesman, Mr. Howland is doubtless sincere in his conviction that “the persistent self-relaince, the singleness of purpose, the fertility of resources, the application of common sense to action, which characterized General Grant during the war,” are now needed to organize in every interest of life the principles of freedom which the war vindicated, and which form the basis of our nationality, “To show his fitness to direct the energies of this country towards the further spread of the democratic idea is the purpose for which this book is written.” But we cannot assent to what seems to Mr. Howland to be “the almost universal opinion,” that “General Grant ts the fittest man among us to express in action the spirit of the nino- teenth century here in the United States.” Much better than Mr. Howland’s exaggerated estimate of the intellectual calibre of his hero we like bis de- scription of the democratic idea, of which he deems General Grant to be the latest and best expression. And as this description offers a fair spectmen of the spirit and style of his work, we will conclude this notice with the following extract:— ‘The democratic idea, which was the culmination of the great th b des. Great eighteenth century, and hg = in tative government fi Gr ne erin ht the the, feudal hi? mocratic idea unity of mankind, Th politica econo Ta capi, tion is the harmony of Interesta; in indastry ds to the abolition of all monopolies, the om union with acten iy in gor ae Te lend 20 ace eo el instead of war, and ta" Ew fie united fies rte may of Lo, the strength, the wealth, the Nappt- teliigence of a nation are in direct the freedom enjoyed by its population. balances referring thereto. The President of the Company, in his report to the auditing committee, recommends “that the consideration of the ques tion of a dividend be postponed, amd im- definitely.” The improvement referred to was net sustained in the afternoon, and with twe er tarce exceptions prices declined; but at the close the ten- dency was again upward. The speculative feeling is very tame, however, and the cliques are apparently idle; but with money as sbundamt as it is at present there is no @ificulty i sus taining prices im the absence of emg sesteus disturbing causes. The bulls are looking ferward to an inflation plank in the Chicago platform and talk- ing about the crop prospects, which are very promising in all parts ef the country, while the bears point to the prevailing dulnessin the railway share market, and ask, suggestively, who there is to buy such “fancies” as Fort Wayne and kindred stocks at their present prices. Government securities were very largely dealt in during the day, the aggregate of transactions being even greater than yesterday, and prices waderwent a further advance of 3 @ % per ceat. The domestic demand was mainly for the new fve-twenties of 1867, while the purchases by the German bankers included five-twenties of 1864 and ten-forties, in which the most marked advance took place. The demand from country banks and investors is un- usually heavy, while the supply of bonds in Wall street is below the average at this season, At the same time the difficulty of loaning money is causing large amounts to be placed in governments for the sake of the tempo- rary employment of the capital. The dulness in the general stock market, too, is calculated to stimulate activity in these securities, and the indications point to a steady advance until prices reach a considerably higher point. At the close the quotations were as subjoined, the market being % & X higher than on the quarter past two o'clock call, when there was a fractional reaction:— tered, 1881, 1143¢ @ 114%; coupon, 1881, 114% & ; 6-20's, registered, 1862, 106% @ 107; 5-20’s, coupon, 1862, 100% @ 109%; do., 1964, 1083 a 108%; do., 1865, 1083 @ 10844; do., 1865, January and July, 1104 @ 11034; do., 1867, 110% @ 11034; 10-40's, regis- tered, 10444 @ 104%; 10-40’s, coupon, 104% a 104%; June 7.30's, 107% a 108; July 7.30°s, 107% a 108; Au- gust compounds, 1865, 11814; September do., 117%; October do., 117%. At the commencement of business the stock mar- ket was firm, and at the early session of the open board New York Central sold at 128%, Erie 695; and Pacific Mail 9174. At the first regular board there was a moderate degree of activity, and prices were ‘well sustained, while Pacific Mail advanced to 924, and after the call to 93, New York Central closed % higher than at the same time yesterday, Reading 34, Michigan Southern \, Fort Wayne \, Milwaukee and St. Paul preferred 34, Ohio and Mississippi %, Pacific Mall 1%, and Quicksilver %, while Western Union Telegraph was \ Mwer. Government securi- ties were strong and active at an advance of § in the five-twenties of 1864, 34 in the issue of 1866, % in ten-forties and a3; in the remainder of the list. At the open board at one o’clock prices were without material change, and New York Central sold at 128%, Erle 68% a 68% and Pacific Mail at 92%. At the second reguiar board the market was dull and slightl® lower, and New York Central closed 4 lower than at the first regular board, Mil- waukee and St. Paul preferred %, Ohio and Mis- sissippt %, Pacific Mail %, Atiantic Mall 1% and Western Union Telegraph %. Government securities were an eighth per cent lower in some instances, but following the call they quickly recovered the decline, and the demand was stronger than before. At the open board at half-past three the market was dull but steady, and Erie sold at 6814; New York Central, 128%, and Reading, 91%. During the remainder of the afternoon the volume of business was very Mmited, and at the close at half-past five the quota- tions were as subjoined:—Western Union Telegraph, 37% @ 37K; New York Central, 128% @ 128%; Erie, 6854 @ 68%; Pacifico Mall, 91% @ 92; Hadson River, 137% @ 138); Rending, 91% a 91%; Michigan Southe ern, 8614 @ 86%; Cleveland and Pittaburg, 84%; a 844. Rock Island, %% a 94%; Northwestern, 66 a 06%; preferred, 76% a 77; Fort Wayne, 108%. ‘The foreign exchange market was inactive and heavy in tone, Dut rates were nominally unchanged, namelyBankers’ bills on England at sixty days, 110 @ 1104 ; at three days, 110% @ 11034; commercial Dilla, 10036 @ 109%. Bills on Paris at sixty days, 5.13% @ 5.12%. Consols and American securities were quoted thus ih London $0-day and on the previous dates men- tioned :— May % May 14. May %, a MeO DAH an4y & 70%, Whe Besa @Gka— 4h a~— ‘The organization of the South Pacific Railroad Company (the purchaser of the southwest Pacific Raiiroed of Missourl) was completed to-day at the office of the company in New York, Francia B. Hayes, of Roston, is elected President; General Clinton B, Fisk, of Bt Louis, Viow President. and W. et demand at I7c. a 191¢c. for powdered, crushed aw | | Eranulated, ‘lo%e. a W6c. for soft white and 14%xc. a 18 jx. ‘or REDS. L, Halsey, of New York, treasurer. ‘The line of read is to be extended forthwith. The reeeipta for customs and the recelpts, pay- ments and balances at the Sub-Treasury in this city forthe expired portion of the week have been as follows:— Custom House. Sub-' |. . Payments, Balances. $7,363,970 $6,965,925 $101,776,015 8,865,350 4,928,518 100,713,746 6,631,980 4,808,302 101,537,424 ‘The exports (exclusive of specie) from New York to foreign ports for the week ending May 19 and sincg the commencement of the year compare as follows with those in 1866 and 1867:— 1867. ‘1868, 982,664 $4,035,781 May 18..$414,008 May 19. 410,410 May 20.. 408.000 1 For the Week...++..88,]17 04 Previously reported,91,141,500 75,155,956 65,112,464 Since Jan. 1.....$94,259,008 $79,138,620 $69,148,245 The following gentlemen were elected directors of the New York and Harlem Railway Company at the annual meeting just held:—Cornelius Vanderbilt, Wiliam H. Vanderbilt, William 0. Wetmore, Abra- ham B. Baylis, Horace F. Clark, Augustus Schell, James H. Banker, John B, Dutcher, John M. Tobin, William A. Kissam, Oliver Charlick, Joseph Harker, Cornelius Vanderbilt, Jr. Atasubsequent meeting of the Board of Directors Cornelius Vanderbilt was elected President; William H. Vanderbilt, Vice Presi- dent; Robert J. Niven, Secretary, and Cornelius Van- derbilt, Jr., Treasurer. A Cincinna@ journal of Tuesday remarks:— ‘The loan market was decidedly‘stiff in tone, and al- though fully supplied in means interest rates were firmer. exchange was irveaulsy, and un- settled. Prime bank bills at aight drew 76c. a $1 premium, but commercial bills were not readily ne- gotiable at above par, except im suitable sums, in which case 1-20 was SALES AT THE NEW YOAK STOCK EXCHANGE. ‘Wednesday, May 20—10:15 A. M. 22000 US 5-20, 42500 Tr n, 7 3-10, 2d. 10000 enkEsy euageeeis a 50000 dO. .+005 9d P1ig 100 de ‘8000 Tl Central bonds. 114° 100 Boston,HartErie RB 15! 8000 Tol & Wab 2d m.. bed 700 Reading RR. td 12000 Great Weat 2d mig 500 do g135 20000 Ohio & Miss istm 94 500 do. 91 2009 Mor & Essex 9d m. 88 50 Mich Cen! 80 ahs Merch’ts’ Ex Bk 116 100 Mich S&NInd RR. 20 do....,.2d call, 120 0 Illinois Central RR. 10 Continental 104100 Cleve & Pitts RE. 100 Chic & NW 100 Mil & St Paul pref. 100 Tol, Wab & W 100 _ 91 New Je 10 a ref. Half-past Two o’Clock . lia 10 shs Tenth Nat Bank 1053 * ne, 10 Fourth Nat Bank... 107 25000 US 6's, * Broo sen tel’ jo. 100 Quicksilver Mg Go.. 29 800 Pacific Mall 8 8 Co. 3 10 do. 1000 Adams Express Co, Bd 80 Am Expreas Co... 55 do.. wel ‘1000 Tenn 6's, ex cou .. 7.00 Missouri 6's. a 1000 eee Os. 00 Chi & Mil let, Ay Al 3 COMMERCIAL REPORT. Wapwrepar, May 20—6 P. M. Corrrr.—The market for Riowes dull and heavy at the quotations in our last, We heard ef meeates. Of Laguayra 2,000 bags were disposed of om private terms, Other kinds were dull. Corron.—The market for this etaple was almost inactive, buyers being indisposed te operate, im view of the continued decline in the Liverpool market. Holders reduced their ices and some were offering at prices below the quotations Ronered. The sales wore cosacd 10 215 Dalen which were yaote nominal) j= ‘lorida, taken by spinners. We Apts, 1,258 bbls. our, 5,085 do, ana 84'bage corn teal, 2,977 bushels. wheat, corn, 24,000 do v5 do. rye. ‘The market continued to Tule dull and heavy for the low grades, though prices were not quotal For the high graden there prevailed s fair and full prices were realized. The were ‘about 9,000 bbis., including California, which was in improved demand and very firm atour quotations. Southern flour was tolerably active and steady in value; sales 450 bbis. Corn meal was In fair request at full prices, 600 bbls. were dis- ‘of at 5 60 for olty, 85 40a 85 90 for Western and 86 or Brooklyn, Rye flour remained ly active and firm ; sales 350 bbls. We quote:— Superfine State and Western. Extra St Chotee di lower, Bt. Louis choice family. Southern choice and family. Southern superhne and extra... California flour (sacks and bb! quite ective oan orm, toe sales saa ishels al for No. 0} 2 75 for amber 5 ad Ga Wier wi bushels at $1 eavern mixed, afoatclosing at gi 13 a A G1 i? for old. do, in’ store and a1 2 for while.’ For oats the lemans ood but at slightly lower prices. Sales 100,000" Dushels at 8c. in lore and” Bec. afloat, Rye was moderatey active and firmly held; saids, 4,600 bushels at $1 03 a $2.07 for Western and Canada, reapec. tively. Bariey was scarce ‘and firm, Of batley malt suuall tales were made at @2 15 a 82 90 FREtonTs.—The market was quiet, but rates were bigher in some instances. For vessela for charter there was a siight im- nt in thedemand. The enragements were :—To 4 gee atloat, ool, 47,000 bushels grain at6%<d. + 6d. ; 60) bbs. rosin at n145 vboxox cheese ga ppivet trms. To Glaagow per steam: er 1,000 bois, rosin at 9s. 60. Ihe charters were:—Two ships from St, John’s to ol vith deals at vente: 1,200 bvis, to the Windward, 65¢; an American bark, 3.00 pbia. petroleum, 58. if to the Cintinent, or be, 8d. If to the Baltic; a N. bola. to the Baltic at um ef the Baltic at 5s. 6d; one bbls. petroleum at oa. 8,100 bbl direct, petroleum at nd. vessel 5s. #d., if to the GUNNY Bags ruled duil at 18)4¢ a 1c. GuNN¥ CLOTH.—There was uddemand, but holders de- manded full priees—viz., 22'¢c. a Bo. HAY.—The demand was fair andprices were steady, Ship- jaltic Ha.—lens 6d. ff a ping was selling at 80c. a 850. ; aval rye straw, We.; short do, 80e moderate, Hovs.—The inquiry_was Ii Jota, #120 a 41 45; lon; The receipts continue t, \nt prices were generally We quote 1567 crop abe. a 6vc., the latter an 568 do.y 10c, a 850., and lavariany dc. m 40c. ‘e heard of no furthersales of Manila. Tt was ‘uy gold. Jute ws unchanged; we 0, es The market was tolerabt active and firm at aprequotaions, "The sales wer 10% Menvevideo at : 1,0 Texas at iatamro8. ao @lac. curreny; 700 Mexican and —The market was dull but full were MoLasens.—The full but full prices were de- iy deait tn, Rosin manded, By auction—8sb bhda. Nava Stones. irits ile was ay Dut closed steady at 660., at which 10 bbls, were aol There was leas animation in the marke India seed) at $53. we oe aed inmpderae demon = 5,000 - Boson ern’ Yona? Woke Soeten cing of ine'O ia Lard was seeiy ot Oe eerie aimee ial Suie. brig 10 packages cut STOR cae ata Tae weak fhe pie ate onl wr firmer, ew mens closing at 2 cominued rule di i jort rib nd le. a 143¢e. for Fa ruts ‘ha cheede were —Crnde wan jected, her more stead: Si ese wae aed wae fata ered Ld iy . & BIe., linseed was in some demand, and quoted jd, Sales 2) bass and 3,00) po wer was dul and unchanged at li) v, a 60.0 $2 60, and rough Jax 3205.0 g2 bi Stuatine. ~The wharke HK heereyo "ee. a Tiger market was quiet, Sales 15,90 Ibs., part scene: fait i at 186. LLOW “remained ay. cof ag FS ts, ft ‘Dut steady. The sales were Pa a ML bbls, The market wae dui! at our COMMERCIAL RECORD. ANTIGUA.—Latest advices from St. John, May 12, show the following state of the markets:—Corn meal has been loiting at $7 68, but fell to $7 20. Bread and crackers are dull; last sales at $5 76 and $3 72 respectively. Pork—Mess and clear in supply ; last sales at $27 &4 and $31 20 respectively, Beef not much used; worth @l4 per single package, Butter— French “Morlax”” wanted ; last nale $9 1 per keg. Lard, #4 20. Cheese, 18. Sales of fish are cod at 816 prime at alewives | al 44; hb o $5 %8 for of Newfound- re from Barbados remain unsold. Corn 1s retailin, for al 288 bbis. mackerel ¢5, bond. Several lan at $2 64; no wholesale. Lumber, white pine, $18; spruce, Srntil and well snsorted cargo'P. F. lumber would Fetal $30. Shooka and staves in supply; last sale of former 450 bundles at $1 60, The yield of canes is good in some places; ‘Dut the crop will fall short of what was expected. Sugar is Worth 83 75 a 84, Molasses nominally at 2c. and $4; but very little offering for sale, most of the pantera having to ship to jand. Colonial Rank paper at $4.80 a $4893 and #4 85 @ $4 90, sixty and thirty days’ ai , CARDENAS.—Dates to the 13th i has continued active at advanced pri muscovadoes changed hands at th ‘viz: inferior to common refining at 7% a 73 fair do. at 736 a 7% ra. good to fully good do. at’ snd fair to good grocery at Sign ra. Clayed baa fair demand; the following lots found purchasers :- No. 18 at 77% ra, 150 do. No. 12 a8 Sugars—This market a ces, an soame 600 bhds, 3 ore. 5 8 iy usand ; Biers. on ta Uhl. iaomsinals tone BoE as ta ee Quintel (neminal); four (Spanish asi per bbl. aot bi, kegs oy Ran gat gi ra. per gallon, na); lard (tins 0), fn tlerce (nominal); oni 2% per bbl: potat 60 bles aca gab'a 831 per quintal sles pe site lo. Ba porl 118 do. (nominal) ; Rangool 25; do. minal) eat ne, £28754 per 30 bbl. (honitaal) soc ST. THOMAS.—Dates to the 18h inst, doing; stocks are small; laxt sales, mess prime pork, $17 « 818; mess beef, 814 a quality—no quantity coud be placed at rates; family Deef, half bbls. ®11 a $12; cheese, 15c. @ 16c.; lard, 18. a Ifc.? butter, %5c. ; ham, 160. Candies, last sale lot, ido. for 19's and'24’s.' Kerosene ol, tast sale, 40c. Potatoes and per ions—Transactions confined ie of some few bbis. tial Lumber—No arrivals and market improvin, Freights Handy tonnage bus continued searce, with consi erable demand, principally for Europe, and vessels have been freely taken up on arrival; the ders yet in market, Mine, ‘as the croy have been :—1 ; there are many unexecuted or and we anticipate a lively business in this ‘are now general. ‘The recent engagements change—There is very litle doing, banks ale buy, owing to scarcity of gold funds—rates hi bils, 480.0485; selling, 4900495; on lays sight drawing, }¢ a 1 per cent prem.; ‘Ris discount for gold. “Bpecle—American gol 32.2; per cent prem. ; Spanish doubloons, 816 83 a 816 40 patriot, $16. Duty—liq per cent ton all imports, The healt b ‘Of the island is good, TRINIDAD DE CUBA.—Dates to 13th inst, Boniness dull. ‘ort healthy. Freights 67 on sugars and 85 75 on molasses, REAL ESTATE MATTERS. A peculiar feature of interest in the real estate market yesterday was the sale of Westchester prop- erty by A.. J. Bleecker, Son & Co., and which at- tracted a considerable attendance at the Exchange Salesroom, These lots are situated in the town-of Inwood, and focated on streets and avenues, which & is proposed to lay out. There seemed to be quite ‘an anxiety among the audience at the sale to obtain: them and bidding throughout was quite lively and spirited. Good prices were obtained, The market generally is dull. BY A. J. BLEROKER, 80N AND CO, Farm of 90 acres at Fishkill, Dutchess county, ‘House and lot on Harrison st, S1x25x148. ....-- INWOOD, WESTOUyS7ER COUNTY, Girard avenue Harke place— Ca Tots, 25x160, each.....8670 4 lots, 252100, each. Siets Soatan’ cnet. ‘600 (lots! 26s100 ence 8 lots, 251140, each. 0 4 lots, 25x100, eacl 4 lots, 252100, each: 670 4 lots, 95x100, each...-.. 650 B lots, 25x11, each. 518 4 lots, 25x100, each. 8 @ lots, 25x11, ench...... 625 4 lots, 35x100, each. 4 lots, 26x11, each. 653 4 lots, each... 230 fYote $5311, ench..s.-- 640 lots, 31100, each.....+ 95 Slots, xll1, euch...... 405 4 lots, 25x100, each. 2 Wpien pale peat lots, 252100, each.. Arcularius place— i Findlay . “lots, Bxl%7, each...... $10 dots each...... 650 4 lote, 252177, each:..... 225 4 lots, 35x100, eac! Slots, 252177, each...... 260 4/lots, £5x100, eacl lols, 354885 ench.....- ub lots, 3100, exc lots, 952100, each...-.. 235 4 lotn, 25x100, eac! 4 lots, 51100, each:..... 225 4 lots, 25x100, eacl Ft Tnwood avenue— 4 lots, 25x1.0, each. ‘305 Flots, Balik, each..... 95 lots, 383100, each 0 fe eipeek 6 fis euepeek § x113, eacl ot : 4 lots, 256x112, each: ey ia lots, Sox112} each,..... 400 Oficial Transfers of Real Estate Yesterday. ie Bits pL yaw Tome crt. Broadway, 80.5198 (one quarter share Broadway'and 91th at’ n w corver, 96.2:08.5... Sh ek jen bpm dy 3 w 4 between Bleecker an 1 oxBxi6x38x115. .. 106.6 fie of tt av, S5x68. i tat, 88, gore iat in rear, 17.6x6x1 18th Aft wofav'a, 16th i668 Both at San few 9th 486 ft (et eof one aoneot Soth st, # 6, 820 1 56th ot, n 8, 187 6th at, n 8, 895 Sith at, no, B15 Seth at; w 8, 800 1 D8, 195 1 na, 82) ft i 88, 100 fe rt 08,250 fe i 85, 485 ft i 88, 439 ft Tavth st, n 9, 199 fe i na 40 ft Ni and 13st ad 8, 26 ft n of 3d av, @ 6, 100.5 ft 2 8, 120.5 8d av, @ 9, 50.5 ftw 4 ‘127th at, 6th av, @ 8, 39.9 ft Beh av'and 119th at, 6th av and 13th at uth av and 108th a ee8 LEASES RFOORDED IN NEW YORK, a ret 800 San {ua Nostrand 188 Skiiiman et? af i904 teirom Tilary si, 186xi00.-..--.. 3,008 5 Smith ek 120 1x20. 300 + 9,800 6700 ‘360 igo 1,990 1800 ‘eo 600: fine 1600 8,000 eo 45000 700, 6,500 m0 1,000 wey loud, block & Speh0 Eeraralh Saris ad Jackson st, ws, beng ce Diock 18, 762100...4.+40446 14800 iN OnTY, 8, I d tending to Frank- Montadmerr ar and incl ds w compet, ‘s6xi06 aul’s av, 0 8, lote 181 1d TH, each 6x10). . Jogger Clty and, Bergen ane Kaiser's, (0x68. nat, © 8, Tote Hl nad e an 1005 r, e