The New York Herald Newspaper, June 18, 1868, Page 6

6 NEW YORK HERALD BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR. All business or news letter and telegraphic despatches must be addressed New York HERALp. Letters and packages should be properly sealed. Rejected communications will not be re- turned, 170 Volume XXXII... No. AMUSEMENTS THIS EVENING. WALLACK’S THEATRE, Broadway and 18th street.— Tux Lorrery oF Lire. BROADWAY THEATRE, Broadway.—-A FLasa OF LiGaT NING. BOWERY THEATRE, Bowery,—Sons ov Lisenty— Sue Heart oF Tur GuRat Crty, OLYMPIC THEATRE. Broadway.—Huurry Dumpry. NEW STADT THEATRE, 45 and 47 Bowery.—Jack CapR—Brian BoRomae. NEW YORK THEATRE, opposite New York Hotel.— THE GRAND DucuEss OF GEROLSTRIN. NIBLO’S GARDEN, Broadway.—Tax Waits Fawn. NCISCO MINSTRELS, 685 Broatway.—Evuro- rea N aR ateaan te SINGING, DANCING, Be KELLY 4 LEON’S MINSTRELS, 720 Broadway.—SoNGs, Eoorntnrarirs, &c.—La!—Bri—L, N. BRYANTS' OPERA HOUSE, Tammany Building, 14th street. ETHIOPIAN MINSTRELSY, EocRNTRi0ITIES, £0. THEATRE COMIQUE, 514 Broadway.—Batier, Famor, ao. TONY PASTOR'S OPE! USE, 201 Bowery.—Comio VooaLism, NEGRO MINSTRELBY, &c. CENTRAL PARK GARDEN, Seventh avenue.—PoruLan GampEn Conc TERRACE GARDEN—Porotan GARDEN Concent. MRS. F. B. CONWAY'S PARK THEATRE, Brooklya.— TRopvEN Down; o8, THE Lost CausR. AOOLEY'S OPERA HOUSE. Brooklyn.—Buntesque OpERA—CINDERELLA. NEW YORK MUSEUM OF ANATOMY, 613 Broadway.— SOMENOE AND ART. TRIPLE SHEE fl UP New York, Thursday, Jw The news report of the Atlantic cable is dated yesterday evening, June 17. ‘The question of the secession of Nova Scotia from the Canadian Dominion union was before the British Parliament. The Pope contemplates a political am- nesty. Changes were made in the Spanish Cabinet. Rumors of war against Prussia by France and the smatter {States were prevalent in Berlin. The French Ministers allege that the other Powers continue arm- ing when France desires peace. The King of Belgium willreview Farragut’s squadron. The North Ger- man Parliament passed the Bund budget. The King of Prussia is to visit Hanover. General Napier was to leave Abyssinia on the 12th {nst, for India. Consols 945;, money. Five-twenties 73 in London and 77% in Frankfort. Cotton firmer, with middling upiands at 107d. a lid, Bread-tuffs firm, Provisions quiet. By steamship at this port we have matl detail of our cable telegrams to the 6th of June. James Mclienry’s creditors are likely to receive a fall payment of the claims by instalments. Lady Napier, wife of General Sir Robert, reached South- ampton from India. Engiand was being actively canvassed by candidates for Parliamentary honors at the next election. CONGRESS. In the Senate yesterday the Nationa! Currency bill was again taken up, and while Mr. Sprague was on the floor the Chinese Embassy was announce They were presented to the Chair by Mr. Sumner and wel- comed, after which business was suspended for twenty minutes to permit the interchange of unofi- cial courtesies, On their retiring the Currency bill waa resumed, and the motion to strike out the first section was agreed to by a vote of twenty-six to eleven, Mr. Sherman’s substitute for the fifth seo- tion was also agreed to, and the bill was passed by a vote of twenty-five to fourteen. A telegraphic despatch was received from the Constitutional! Con- vention, embodying resolutions asking Conzress authorize the Convention to organize a militar of its own in the s » put down lawlessness. !t was referred to the Committee on Military Affairs. In the House a resolution was adopted directing the committee at present engazed on a new tax bill to report also on the subject of atax on the capital, deposits (private and goveraim and circulation of national and other banks. Mr. Van Wyck offered a resolution instrneting the President to demand ample acknowledgment and reparation from ail foreign governments which had imprisoned Ameri- can citizens for political acts done in this country. Mr. Stevens desired to debate tt and it went over. Petitions were presented from New York citizens ask- ing an appropriation forthe removal of obstructions ‘at Hell Gate and the reefs in New York harbor. The bill to promote American commerce, reported from the committee, was then taken up. It provides fora revival of our maritime interests, After a jong and, animated discussion the bill was laid on the table by a vote of cighty-two to forty-five. THE CITY. f the Atlantic Yacht Club came off Hay, but there was so littie wind The regatta in the that mone of the yachts came up within the pre- It was acribed time and the race was deciared null. consequently postponed until Friday. The annual regatta of the New York will take to-day, and the new club house on § Isiand will be opened. Twelve vessels are already entered for the race. . A Mra. Jacob Pfyfie, a German woman, residing in the rear of 142 West Fifty-second street, was arrested yesterday on suspicion of having been an accom- place in the murder of her husband, who was beaten to death on Monday. A man known as George ts aso suspected, but he has not been secured. While some men were blasting for a sewer in Eighty-fourth street, between Madison and Fourth avenues, yesterday, a piece of rock hurled into Fifth avenue hit one Daniel Kennedy on the head, causing his death soon after. Owen Donagan, superinten- dent of the blasting, was arrested and committed to await an inquisition by the Coroner. A pro forma verdict was rendered yesterday in the Superior Court in the case of Strang against the New York Rubber Company, to enable the case to be taken to General Term on appeal for decision of the question whether tenants occupying premises to be demolished for the Church streeet extension are liable for the payment of rent, it being claimed that they are not, by reason of the title to the property having become vested in the city, under the order confirming the report of the Commissioners. Gastavus L. Haupknecht recovered a verdict yesterday, in the Court of Common Pleas, agatnst the proprietors of Earle’s Hotel for property lost from a trunk in one of the rooms of their establish. ment. The sait of Louisa Waldron against Caroline Rich ings, the English operatic singer and manager, came before the Marine Court yesterday for re-trial. The sult is brought on an alleged contract for the recov. ery of compensation for two weeks’ services by the paintif. Case still on trial. The referee in the divorce case of Theodore Stuyve- watnet Catharine L, Stuyvesant yesterday re ed in favor of the defendant on ail the issues. rge B. Davis some time since, under oath, pre. ferred charges of perjury against Internal Revenue Collector Bailey, and on investigation the complaint waa dismissed and Davis himself was arrested on a Lice charge. Davis was released on hia own recownm- zance on Monday last to appear yeaterday, which he failed to do, and Commissioner Osborn accordingly tasued 8 warrant for his rearrest. ~ In the United States District Court the case of the United States against Ferdinand Sulzberger and others was called up for trial yesterday. Defendants were indicted for fraud on the internal revenue in the distillation and m of whiskey. Cage A moi continue injunction was called up at Supreme Court, Chambers, yesterday in the case of Lambard against the Sioux City and Pacific Railroad Company and others, Plaintiff was one of the incor- porators of the company aud claims that the defend- ants are about to deprive him of a very large interest in the company and its property, accruing to him through a special agreement coequally with his co- corporators. The further hearing is adjourned until Friday. The North German Lloyd's steamship Weser, Captain G. Wenke, willleave pier foot of Third street, Hoboken, about two P. M, to-day, for Southampton and Bremen. The European mails will close at the Post Office at twelve M. ‘Tie steamship Columbia, Captain Van Sice, will leave pier No. 4 North river at three P, M, to-day for Nassau, N. P., and Havana. The mails will close at the Post Ofice at one P. M, The stock market was firm, but quiet, yesterday. Government securities were firm. Gold fluctuated from 140% to 14134, and closed at 140%. MISCELLANEOUS. We have telegraphic despatehes from Hayti, St. Domingo, Jamaica and other West India Islands. The siege of Port au Prince, Hayti, is still going on, the rebels lying on their arms until General Faubert and Nissage arrive with their expected rein- forcements. The suburbs had been burned to clear a@ view of the rebels. Salnave is «hrecting the de- fence in person, tie has received the American Minister with every mark of kindness. Baez was offering the bay and peninsula of Samana as security for a loan of $1,000,000 from the United States. Our mail advices from Mexico are to the 5th of June. President Juarez deiivered the usual address at the adjournment of Congress, and expressed his intention to be very severe towards the new rebels. The appropriations during the session amounted to $10,239,000, A standing committee was appointed to sit during the recess. The Florida Legislature yesterday elected A. S. Welch to be United States Senator for the term ex» piring in March, 1869, The other Senator has not yet been elected, and the result is doubtful. A radical committee waited upon Generai Stone- man soon after his appointment as commander of Virginia and urged the expediency of an early elec- tion on the ratification or disapproval of the new constitution. General Scofield had before refused to permit an election, and General Stoneman informed the committee that the matter was now before Con- gress. Since then the radicals plainly show that they are afraid to urge the matter, as it is highly probable the election would go against them. The Chicago Saengerfest opened yesterday with geeat eclat. The New York delegations and all those who joined them on the way were detained during the whole of yesterday at Van Wert, Ohio, owing to a break in the ratiroad caused by heavy rains, The Schuetzenfest Committee have determined to have a ‘‘doctor’s tent’? on the ground in Chicago, where physicians will attend, free of charge, to all wounds or other injurtes occur- ring during the festival. The Union Base Ball Club, of Lansingivrg, de- feated the Central City Club, of Syracuse, at Troy yesterday, the score standing forty-eight to six. The Lowell Club, of Boston, and the Brown University Sophomore nine played a match game at Providence yesterday, the Lowell Club being beaten and the score standing twenty-two to nineteen. Mayor Conway, of New Orleans, has replied to the writ of quo warranto denying its right to issue, aa he holds the office by the election of the people and a military order. Both boards of the City Oouneil have organized. The Beston Hide and Leather Bank defalcation ia cnown to have amounted ‘to $575,000, which ves a deficit in the capital stock of $225,000. con Andrews, of Kingston, Maas., ta reported ed to the murder of Cornelius Holines, claiming that he did it in self-defence. The steamship Hibernian, near Batiscan, Canada, ran into and sunk an American barge, name un- De to have confi known, on Tuesday. The captain was impaled on the duke of the anchor and was not discovered until she arrived in port. A pedestrian in Mystic Park, Boston, yesterday walked one h six minute: The 17 ine, the anniversary of Bunker Hill, was celebrated with grand demonstrations at Charlestown and Boston, Mass., yesterday. The fea- tivities included @ procession and a regatta. Our Cuba correspondent gives some interesting Statistics concerning coolie immigration, red miles in twenty-one hours and Chase or Grant—Civil or Military Govern. ment Shall we put into the Chief Magistracy the head of the army or the head of the judiciary ? Shall we elevate to the first place in ovr gov- ernment the incarnation of force or the incar- nation of law? Are we more in favor of des- potic power than of reason and justice? Is ours to be in the future a government inspired by individual will, moved by the caprices, pre- judices and passions of one man, or of a cabal of which that man is the tool; or is it to bea government administered according to those known rules laid down by the founders and which usage has sanctioned and the experience of intelligent generations found satisfactory ? These questions are the vital questions of the Presidential canvass, which is now the living topic everywhere ; for this Presidential cam- paign differs greatly in its character from any previous one since the earliest years of the republic, It is a campaign in which the poli- ticians seem to be pushed aside and all things are directly done by the people. Grant, in the first place, was made prominent as a Presi- dential candidate by the fact that the eyes of the people were turned toward him. Radical politicians shrewdly thought they would catch that breeze of popular purpose and be carried to fortune by it, so they seized upon this can- didate ; and he, not understanding why it was that they so eagerly rushed toward him, ac- cepted a nomination on their terms, agreed that he would be their President, not the people’ President ; do their will in office, not the people’s, and have ‘‘no ‘policy”—that is, no views of his own with respect to the welfare and necessities of the country that should con- flict with the views of the noisy politicians so eager to thrust upon him honors not theirs to give. All this the people saw, and the infalli- ble popular instinct turned away. The man who had been so easily caught by the poli- ticians was not the man to put the politicians down. Popular favor, thus warned, sought next a man conspicuous by reason of his dis- tinction in this very regard—that he was not to be trapped, nor fooled nor flattered nor frightened from a high purpose by the chi- canery, cajolery or clamor of the political wretches ; a man who would stand by the law and assert all its powers in the interest of the nation. Such a man is Chief Justice Chase, and hence it is that all eyes are now turned upon him, that the whole nation discusses his fitness for the place, that every press teems with it, reflecting the thought of the common universal masa, So general, so universal and #0 direct is the action of the people in the elevation of this favorite of their maturer de- liberation that the Convention to be bold ia this city on the Fourth of July, though nomi- nally a democratic convention, seems to have lost its party character and to have suddenly become truly national, s0 implicitly do men of all parties and the whole people rely upon it to rise to the dignity of an act that shall save the N gave dst Ge Sate plu Pn! pol ticians, the dirty influence mongers, the dealers in promises and places, The want of the nation now is to have a statesman at its head—not a soldier, Thore are no armed enemies to overcome, no mil- lions of men to be organized into line of battle and hurled against fortified places. Slaughter and strategy are not the necessities of the hour. When they were the sifting of the national life gave us Grant, a man with an intellect and a character that peculiarly fitted him to succeed in those things ; but now we want another sort of man—a man competent to succeed in states- manship as Grant did in war. Grant under- stands war; he has given his life to its study ; but he does not understand any necessity of a State save how to protect it from its armed foes; he understands no law save that admin- istered over the drumhead ; he knows nothing of finances save that the soldiers must have their pay. peace, to be entrusted with a government when the fighting is just finished and the needs are to do everything in the world that is most unlike war and that is the opposite to what war does,*to cure the effects of the war, to open the courts, to assist and encourage agri- culture and commerce and industry? No. We want a man of an entirely different mould— a man who reasons by different methods and never requires to count upon physical force as the great corrective of every evil and the means toevery end. Chase was as great in the war as Grant ; but he wasgreat in the things that, while they are necessary to war, are. the primary re- quirements of peace. by which the national strength could be exerted, the national power directed in the given channel, the national wealth transferred from hand to hand and made available at the direction of the popular impulse. necessary to the success of the nation in the war as victory in the field, and power of this nature is, above all other things, necessary in peace. who stand forward candidates for the highest office in the gift of the people, considering all the necessities of the office and all the circum- stances of the time, the choice, if it be the reasoning expression of the country’s thought, must inevitably fall upon Chase. Chase be nominated we hardly see how Grant can go through the campaign and lend his name to an effort to prevent the nation having for President the man so much more fit for the place than himself. prised if Grant, seeing his false position, should withdraw upon the nomination of the Chief Justice and leave the radicals to nomi- nate another and less scrupulous leader in Wade, perhaps to be balanced by the candi- date of a bolting faction of democratic ex- tremists like Pendleton. candidates, however, Chase, as the man of the Is this. the sort of man to organize He devised the means This was as As between the two men, therefore, Indeed, if We should not be sur- Between two such people, could not be more sure of success than he is now as the opponent of government by despotic will—the champion of order under the law. Secession from the Canadian Union. The arguments of the people of Nova Scotia who seek to secede from the governmental union incorporation with Canada were pre- sented to the British House of Commons by Mr. John Bright on Tuesday evening, in the shape of a motion for the appointment of a royal commission charged to inquire into the causes of the discontent prevailing in the pro- vinee, and to report generally on the opera- tion of the act of confederation. Mr. Bright treated the subject in a national point of view, concluding his argument with the inference that a refusal of justice on the part of the home government would still further estrange the Nova Scotians from Great Britain and afford ‘‘a powerful stimulus to their sympathy with the United States.” An animated debate ensued. The Cabinet denied the correctness of Mr. Bright's position and assumed towards Nova Scotia the same attitude which England maintained towerds the thirteen North American colonies during the agitation which terminated in American independence, to the extent that the action of the imperial Parliament on matters relating to provincial government is final, and that the local legislatures enjoy no right of disap- proval or reform. Mr. Bright's motion for the commission of inquiry was rejected by a majority of ninety-six votes. The Nova Scotians have no remedy in London. They must either come into the Union or invite a Fenian admiral into Halifax harbor. Tue Samana Rumors.—We publish this morning a report that President Baez, of St. Domingo, has ordered his commissioners to negotiate a loan of one million dollars on the security of Samand. This is mere rumor, as he overthrew Cabral by appealing to the anti- American sentiment in the republic. The dis- position of President Cabral to make the Dominicans more familiar with American ideas by selling Samana to the United States cannot be too highly praised. In his whole course Baez has acted like the silly, anarchical Mexi- cans who call themselves republicans, but pay no heed to even the entreaties of our great republic, much less do they imitate our exam- ple. Singularly enough, we have Baez and Juarez secking money here. They would do better to seek some American common sense and respect for lay, reason and order. Tag Haytien Revorction.—The latest news from Hayti, as contained in the Heray's special telegraphic despatches over the Cuba cable, show that President Salnave miscalou- lated entirely the forces that are in opposition to him. He was persuaded to aid in over- throwing President Cabral, of the neighboring Dominican republic, because the latter was supposed to favor the sale of Samand to the United States. He roused the animosity of all the islanders—Haytiens and Dominicana—by appealing to their love of a questionable nation- ality. Were it not better for all the continental republics to sell out to Uncle Sam, and not do like Mexico, spurn all our republican no. tions, as the Mexicans did, in murdering an un- fortunate prince like Maximilian, whose only crime was that he wished to teach them what law, order and orosverity are? of the telegraph shall be made available. staff of educated operators is to be retained in the service, and the clerical force, specially se- lected, largely augmented. of the system to ali parts of the By this monsure the cost of telegfAtid is reduced one-haif immediately, and after the 1st of November despatches of a certain length will be forwarded to any place within the ter- ritory of France at a uniform rate of one franc each. It is hoped that the telegraphs will be completely organized under the new enact- ment and in general operation by Christmas. In the meantime the administration is vigor- ously employed in preparing for its execution. New wires are to be put up so as to meet an expected heavy increase in the number of tele- grams, the network is being perfected and linked, and it has been ordered that all valu- able improvements in the mechanical apparatus A It is claimed that France will thus become within a brief period the most favored nation in Europe with respect to the use of the electric tele- graph as a means of every day, instantaneous communication; and it appears as if the claim rested on a very plausible foundation. measure means assuredly centralization, and that, too, in its very essence, for it looks to the centralization of mind and thought. Napoleon no doubt favors it in this light. Taking the hint from Rowland Hill, he has enlarged the idea of the penny postage system of the British reformer and is about to give France a penny telegram, which will toa great extent immediately supersede the necessity of her restricted, hampered and spiritless pro- vincial press and afford the means of a mental unity to the millions by subjecting to their use the most wonderful engine of modern science. His Majesty makes an experiment of great con- sequence, graphs of France betokens a full control of France. ate from a common centre all over the land, and the extremities will feel as does the head. This very pleasing condition will continue so long as the members of the body, corporate and politic, act in unison. tremities rebel, however, and seize and use the engine to produce a sudden, perhaps fatal, congestion of the head, the case will be en- tirely changed. The Emperor has assuredly calculated all the probabilities, and we think that here, under our free government, we might avail ourselves of the more practical and useful portions of the French bill for the cheap- ening and consolidation of the telegraphs. It is difficult to say how the centralization system would work in the United manage matters of that sort better in France. The The control of the centratized tele- News and regulated ideas will radi- Should the ex- States. They The Domocratic Journals and Chiof Justice Chase. The prospect of the nomination of Chief Justice Chase by the Democratic National Convention has naturally produced a pro- found sensation among the leading democratic journals throughout the country. [t is amusing to witness the contortiona of some of them. Take the most bitter, and you will find that they represent some paltry, narrow minded, soulless and heartless copperhead clique of broken down party hacks, who are afraid that the democratic party will become too huge for them to handle conveniently. They are startled at the idea that any new and progres- sive principles shall be embraced in the politi- cal creed of the party, or that any young men of vigorous and independent thought and sturdy action should be permitted to partici- pate in the party councils. Most of the demo- cratic managers have had a secret interest in patting this Chase movement on the back. The Seymour men have encouraged it to head off Pendleton, the Pendleton men to head off Seymour, the Hendricks men to head off both, and the backers of Hancock—whose shoulder strap record is distasteful to most of the cop- perheads, particularly those of the Connecticut stripe—to head off all. They have encouraged it to such an extent that it has already assumed a magnitude entirely be- yond the control of any faction in the democratic party. The democratic masses demand a change in the national government and the overthrow of radical despotism; a numerous body of conservative republicans will accept Chase in opposition to Grant, who, as the radical leader, has in a great measure lost his prestige with sound thinking republi- cans everywhere, and they believe that with Chase as the candidate of the democracy they can sweep the land and uproot the power of the revolutionary Jacobins. This Chase move- ment is, therefore, elevated far above mere partisan wirepulling and intrigue. It assumes loftier and grander proportions the more the party journals discuss it; for it is feared alike by both radical and democratic leaders; and as affording a field for the development of states- manlike views and for establishing the civil authority and policy of the government upona broader, purer and more substantial basis, is bound to become historical and successful. We may expect, then, that the old party presses and leaders will begin to fight the movement; but the warmer the conflict wages the more interested will the people become and the final triumph more general and magnificent. A Great Commotion.—The agitation of the name of Chief Justice Chase for the democratic nomination is causing @ most extraordinary panic among the old democratic Bourbon newspapers East and West. Some of them are ready to support Chase, some are be- wildered and know not what is in the wind, and some are roused to indignation, But “gt the ball is rolling on,” and with Horatio Seymour on one side and Captain Rynders on the other Mr. Chase is destined to complete the inauguration of the new Tammany Hall. Gop ANp Its Fivorvations.—Gold rose to 1414 yesterday morning, but afterwards de- clined to 1404, and at the close was firm at 140%, while coin, which at one time was 60 scarce as to command 5-32 per cent per diem for its use, soon became abundant and was loaned without interest to either buyer or seller before noon, These eccentric move- ments were mainly owing to speculative causes The Senate yesterday bill, and it now gees to sentatives, The bill is, as we previous occasions, almost in interest of the national banks, the amount of currency of which is limited to three bi millions, After to it was bya rye cig wont ae is We have eaid, over and over again, that many of those members of Congress who talked loud about immediate resumption of specie payments, and who were clamorous for contraction of the legal tender currency, would soon be in favor of inflating the national bank notes, In fact, *most of this talk about contraction and forcing specie payments came from the national bank men in Congress, who are numerous and powerful in that body, not with any expectation, nor perhaps wish, of reaching specie payments, but for the purpose of driving the greenbacks out of existence, so as to increase the nationaf bank circulation. The debate in Congress on Tuesday upon the propo- sition to increase the national bank currency developed this fact. The idea entertained by many of the Senators and openly expressed by some is, that government money—the legal tender money—is an unsound currency, and that the national bank circulation is the only one to be kept in existence. Mr. Wilson, of Massachusetts, calls legal tenders a vitiated currency and wants it withdrawn. He, at the same time, would not only inflate the national bank currency twenty millions, as proposed by the bill under discussion on Tues- day, but wants an expansion of a hundred millions. These national bank inflationists, however, met with a check in the Senate; for the proposition to increase the circulation twenty millions was defeated, and the amend- ment of Mr. Davis, of Kentucky, to withdraw a pro rata amount from the Eastern States having an excess of banking capital, and to distribute it among those in the West and South requiring it, was carried. This check aroused the national bank inflationists, who, by a [ittle parliamentary filibustering through Mr. Sherman, revived and kept the question open. ’ Thus, it is apparent that there is little dispo- sition among the majority to inflate the present volume of paper circulation, while it is gene- rally conceded there is an insufficiency of currency in the South and West to do the busi- ness of those sections. Still, the New England States, where there is an excess chiefly of banking capital and bank currency, will resist to the last extremity any curtailment of their unequal advantages. Considering the influ- ence of New England in Congress, it is quite likely the national banks of that section will hold on to their privileges. In that case either the South and West will have to endure an insufficiency of currency and banking capital or there will be an inflation. The struggle on this question has only commenced, and we may expect to sea it become, ere long, a pretty fierce one; for important material and sectional interests are involved. With the existence of the national banking system as it now stands we may look a long time for specie payments ; for this organization will find it more profitable not to return toa specie basis and will have power enongh, pro- bably, to control the action of Congress; but should the greenback circn!ation be withdrawn and that of the national lanks be increased correspondingly till it reaches four or five bun- dred millions, we regard resumption a3 indefi- nitely postponed. There would be a much bet- ter prospect of reaching specie payments were the whole of the national bank currency with- drawn and a uniform gal tender one substi- tuted in its place. The government would have direct and absolute power over such a circulation and could regulate it continually with the double view of benefiting equally all sections of the country and of bringing about specie payments at the earliest practicable pe- riod, In thia point of view alone a uniform legal tender currency would be much better than the national bank and present mixed currency. But there are other reasons in favor of this change. Why, for example, should tlie profits of a national circulation, amounting now ‘to twenty-five millions a year, be given to these bloated and dangerous private corpora- tions? Why, if this policy of withdraw- have i ing greenbacks and substituting national bank notes be carried out till the cir- culation of these banks sweils up to four or five hundred millions, should thirty to forty millions a year be lavished on a privi- leged class? AM this could be saved to the government and people by simply having one legal tender currency. The saving thus made would extinguish the national debt in twenty- five or thirty years. Are the people of this country so lightly burdened that they can af- ford to give away to a few capitalists—to these national bank corporations—twenty-five or thirty millions a year? The stupidity and recklessness of Congress on the questions of currency and national finances are astound- ing. There are no statesmen in that body capable of legislating on the subject. It is composed of small politicians who begin at the wrong end and whose labors end in abortion or something worse. It wowld be a blessing if they would let the currency alone and go home as quickly as possible, as Butler advises them, to enter upon the political campaign. There is no hope of placing the national finances on a satisfactory basis till an abler anda better set of men be returned to Con- gress. Poor Pierce Bettina Up.—Ex-President Pierce, it is said, on being consulted by the New Hampshire delegation to Tammany Hal] as to his favorite for the democratic nomina- tion for the White House, declined to commit himself for any of the candidates talked of. By declining to commit himself in 1852 the Convention, after killing off a baker's dozen of candidates who had committed themselves, found Pierce the very man they wanted. This shrewd game, however, we apprehend, is “played out.” Taz Presipgnt a Scprorrer or Car Jvstick Cuase.—The news that we publish from Washington this morning in relation to Chief Justice Chase's visit to the President on Tuesday evening is of interest. Mr. Johnson, it is stated, expressed himself pleased at the movement for the nomination of the Ohio statesman by the Democratic National Conven- tion, and promised to give him a hearty sup- port should be be the conservative candidate for the Presidency. This is a significant Promise and one worthy of record. It proves that the President has taken a statesmaniike view of the condition of the country and has become convinced that Mr. Chase is the only man who cap Gave us from military despotism. a ts A Texas Plan for the Radicals to Control ee Ree a ens On yesterday houses of Congress were regaled by the reading of a most extraordinary document forwarded by telegraph from Austin, Texas, by authority of the Reconstruction Con- vention, now in session at that place. It com- prises a series of resolutions which set forth that great lawlessness is prevalent throughout the State; that law abiding and “loyal” citi- zens are persecuted, and winds up by asking Congress to give the Convention power to or- ganize a military force in every county for the purpose of preventing the commission of the wrongs complained of. A more auda- cious request was never put with greater coolness before. That there are numerous lawless men in Texas we have not the slight- est doubt; indeed, that State has always beoa noted for the possession of bands of scoun- drels who respect neither life, person nor pro- perty. But the whole animus of the Conven- tion is apparent in the attempt to make it appear that Union men are being murdered by ex-rebels. This is an old and worn out cry, and the effort to organize an army of radicals is no new plot. It has been successfully carried out in Tennessee, under Parson Brown- low, and nearly eighteen months ago a movement took place in Texas looking to the same end. The secret of the resolutions which have been transmitted to Congress is that the radicals desire to organize any armed political mob, by means of which they can obtain permanent possession of the State. This very Reconstruction Convention is the elected of a decided minority of all the regis- tered voters in Texas, and when it has com- pleted its work the probabilities are in favor of a victory for the conservatives at the elec- tion for State officers. Hence the anxiety for @ convention army to control the polls. We think that the wretched condition of Tennessee to-day under Brownlow and his State army ia @ sufficient warning against extending the policy of repression to Texas. We hope that there is yet remaining in Congress sufficient decency and respect for the opinions of the entire people of the country to influence the radical members thereof to reject the petition. The threat of the Convention that in the event of Congressional authority being denied the radicals will take the matter into their ows hands is a significant indication of the law- less character of these self-styled “loyal” mea of Texas. It is a direct threat to plunge the State into a condition of anarchy and blood- shed. 4 No Horg From Conaress ror Our SHIP- pine InrgrEsts.—A bill to promote the ship-° ping interests of the country was before the House of Representatives yesterday, and after a long debate was laid upon the table by the decisive vote of eighty-two to forty-five. This indicates that one of the most. important branches of our commerce need expect no re- lief from Congress. We have repeatedly urged legislation upon this subject, but we fear that nothing will be done until the people elect a national legislature that will pay attention to the commercial and agricultural prosperity of the country instead of devoting its entire time ta the work of retaining a particular party in power. The shipping interests of the United States have suffered fearfully, and are still suffering, but our Congress is too busily en- gaged in the work of forcing the people to sub- mit to military despotism to legislate with a view to their recovery. Nor a Bap Ipza—The proposition of Sena- tor Sherman looking to the construction of three government railway and telegraph lines from Washington—one East, to New York; one North, termination at Cleveland, and one West, over the Alleghanies, to Cincinnati. Wo think this a much better proposition for the centralization of the national capital than that of General Logan for the removal of the government buildings from Washington to Cairo or St. Louis or Omaha, or some place on the Pacific Railroad near the geographical centre of the United States. Paucapeteata Waxine Ur.—The democrate and republican conservatives of Philadelphia are actively at work in behalf of the nomina- tion of Chief Justice Chase by the Democratic National Convention. The radicals of Phila- delphia, after the last fall elections, were among the very first of the party to set up General Grant as the only man who could save them from shipwreck. So now the opposition forces of the same city are among the fore- most in recognizing their man for the crisis. Philadelphia is rather slow in many things, but on the political situation her politicians on both sides are up to time. Latest Castnet Rumor. dent will await the upshot of the National Democratic Convention, and will then retain his Cabinet as it is or change it as the occasion may require. FAREWELL TO CHIEF ENGINEER CRAVEN. Chief Engineer Craven, of the Croton Aqueduct Department, with his two daughters, Misses Minnie and Alice Craven, left this city by the steamer Cuba yesterday, for Europe, to be absent one year. They were escorted down the bay by the steamboat Vir- ginia Seymour, Captain Franklin, having on board some two hundred persons, mostly connected with the Croton Aqueduct Department, among whom were Thomas Stephens, President of the Board, Robert L. Darragh, Commissioner, Samuel B. Rug- gies, Ex-Commiasioner, Horatio Allen and other prominent citizens, The were con- ducted by Theodore Weston, Engineer of the Depart- Ment, and George Cauifieid, and one hundred guos were fired before the excursion boat parted company with the outward bound steamer. THE STRIKE AMONG THE COAL WEAVERS AT RICHMOND, PA, ladelphia Post, June 17. me luke ac the Reming. Raliroad Wharven in the ‘Twenty-fifth ward, contin and there is no ‘adtcation an it of dimeuity. About six hund men are in the strike, com tue entire force of “wheelers,” ‘dumpers’ “track men.” The demand of the “trimmers” for an increase was granted and they continued at work. The strikers are not satisfied with the action of the “trimmers.” They contend that the latter shouid cease operations nntil the demands of all the tives are granted. ‘The strike commenced on Mon- day, June 8 At that time tte pay ra ie cents per hour. A few month@ago it was Aftecn centa, Petitions were prosented for an increase to twenty cents and eighteen was obtained. Subse- quently petitions were in presented for twenty Side ‘Phas she ished Nouba ast . n follows an atrike for ty-five cemta wor .