The New York Herald Newspaper, June 28, 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 HeRacp. Letters and packages should be properly sealed. Rejected communications will not be ro- turned. NEW YORK HERALD, SUNDAY, JUNE 28, 1868—TRIPLE SHEET. . had ordered all those who return to bo shot on iaen- tification. General Vega had been condemned to death by a court martial. Manzuéla is to be par- doned. A New York steamship owner and the in- ternational Steamship Company had offered high rents for Samana. Under the new constitution it cannot be sold, and Baez denies having negotiated with the United States for its sale. The nail works at Pottstown, Pa., were destroyed by fire yesterday, the loss ranging between $100,000 and $150,000, The Mississippi election is still going on and will continue through Monday and Tuesday. Tne demo- cratic majority so far is fifteen'thousand. General McDowell denies having telegraphed General Grant 48 to the probable result of the election. The radical candidate for Lieutenant Governor did not receive & single vote in his home neighborhood. An attempt was made in Hartford county, Conn., on Friday nignt, to throw a train from New York for Boston off the track. In the Adams Express car attached was six tons of gold coin on its way to the Volume XXXII RELIGIOUS SERVICES TO-DAY. BLOOMINGDALE BAPTIST CHURCH.—Rev. W. Porz ‘YEamMAN.—Morning and evening. CHURCH OF THE RESURRECTION.—Rev. Dz. FLaaa. ‘Morning and evening. CHURCH OF THE REDEMPTION.—Rxv. Untau Scorr, Morning and evening, EVERETT ROOMS.—SPrmiTUALisTs. MRs. BYRNES. ‘Morning and evening. FREE CHURCH OF THE HOLY LIGHT.—Rev. Easrt- BURN BRNJAMIN. Morning and evening. FORTY-SECOND STREET PRESBYTERIAN CHURCH.— Rey. Dr. W. 3. PLUMMER. Morning and eyening. GRACE CHURCH CHAPEL.—R ry. E. F. REMINGTON. Morning and evening. SEVENTEENTH STREET M. E. CHURCH.—Rev. W. P. Cour. Morning and evening. ORTENTAL HALL, Twenty-seventh street.—Stconp Unt VERSALIST SOCIETY. Morning. UNIVERSITY, Washington square.—Bisuor Snow. Af- ternoon. New York, Sunday, EUROPE. The news report by the Atlantic cable is dated yesterday evening, June 27. Nap \leon returned to Fontaire )leau after reviewing the troops in the camp at Chalons. Count Bismarck’s health is improving. Prince Napoleon reached Con- Stantinople. General Napier was at Malta, for England. Consols 9454 a 943, money. Five-twenties 73% a 734 in London, and 775¢ a 773¢ in Frankfort. Cotton quiet, with middling uplands at 11% a 11% pence. Breadstuffs advanced. Provisions and pro- duce without material change. Russian advices from Central Asia in London state that the Czar’s troops remained in Bokhara. Telegrams, by way of China, in London state that the Mikado of Japan had his army before Jeddo on ‘May 2 and threatened the city, and the Tycoon, who sheltered there, offered to retire and disband his army if the place was spared. By steamship at this port we havea mail report in detail of our cable despatches to the 16th of June. CONGRESS. In the Senate yesterday bills were introduced to mend the act to exempt certain manufactures from tax and relative to the proposed reciprocity treaty with the Canadian confederation. The Tax bill was received from the House and referred to the Finance Committee, The bill to admit Colorado was taken up and discussed without action. The Senate then adjourned after an executive session, in which Genera! Martin McMahon was confirmed as Minister to Paraguay. In the House a joint resolution that Indian lands, where disposed of by treaty, be conveyed direct to the United States was passed. Mr. Banks gave Notioe that he would call up the bill making an ap- propriation for the purchase of Alaska. The Harbor and River Appropriation bill was then taken up. Motions to recommit, to lay on the table and to post- pone were all rejected by decided majorities, and the items for Dunkirk, Oswego, Wilson and Whitehall harbors, all in New York, were agreed to. The House then adjourned, THE CITY. The Board of Aldermen met yesterday afternoon, but as there were not members enough present to spend any money the resolutions introduced were “laid over.” Among these was a resolution to ap- propriate $20,000 for the celebration of the Fourth of July. The invitation to review the Schuetzen Corps on Monday morning was accepted, and the Board ad- jJourned until two P. M. to-morrow. The Third American National Schuetzenfest was commenced yesterday by the reception of delegates and societies from different cities. The oficial re- ception took place at the Germania Assembly Rooms, where Mayor John T. Hoffman bid them all a hearty welcome in the name of the city, The exhibition of prizes at Steinway Hall wi!l be continued to-day a n- Ul tem o'clock P. M., but f@ this day ten cents ad- Sub-Treasury at Boston. Rumors are afloat in Chicago that the steamer Kalamazoo, plying between St. Joseph and Kala- mazoo, Mich., sunk on the 19th inst., and six per- Sons, all on board, are supposed to have been lost. Jeff Davis fell Gown staira in Lennoxville on Fri- day and injured himself severely. @The Georgia Legislature will assemble on the Fourth of July. The Luther Monument at Werms—A Re- markable Celebration. For some days past we have had interesting cable despatches from Germany in regard to the monument which has for several years been in process of erection at Worms to the memory of Martin Luther. In the Hmrap of Friday we announced the fact that the monu- ment had been inaugurated, or, as some would prefer to say, unveiled, in circumstances of great solemnity. We had learned from previous telegrams that the inauguration was to partake somewhat of the character of a festival, that King William of Prussia and his court were to be present, that the diplomatic corps was to be largely represented, and that Americans who now happen to be in Europe were flocking from all the different centres to Worms to take part in the festival and to testify their respect to the memory of the great reformer. The inauguration festival seems to have come up to the high expecta- tions formed of it. We do not much wonder at the excite- ment which the event has created. Martin Luther was unquestionably a rebel; but he was one of the grandest men who ever risked a rebel’s chances. On the roll of the world’s worthies there is no greater name. Whether we regard him asa schismatic or as a reformer, it is impossible to refuse to admit that he showed immense pluck, that he ran great risks, that he had large success, that his life was a blessing to mankind, and that, dying, he left a memory and a name which the world has a right to cherish and hold dear. That he had his failings no reader of history will deny ; but to have failings is to be human, and Mar- tin Luther never pretended to be more than a man. His failings, however, whatever they were, leaned rather to virtue than to vice, and were of such a character that the world has never been careful to remember them. The one thing which men do remember, and which they will not be induced to forget, is that Luther was the bravest man of his day and that they have benefited by his bravery. The evils which he saw were seen by many of his fellows; but he differed from all his fellows, from all the men of his time, in this—that he could not be silent under an injustice, under a wrong. With him to feel was to speak; to know that a wrong existed was to denounce it, and to keep denouncing it till he killed it. It is not too much to say that the Monk of Wittenberg dared the world as no man had dared the world before, as no man has dared the world since, and that he dared it with comparative impunity and with a suc- cess for which we have all of us occasion to be grateful. Were we to sum up the work of Martin Luther perhaps we should say no more than that he taught mankind to believe in pro- gress, in increasing knowledge, and that noth- ing, not even religion, was to be allowed to stand in the way of the teaching of facts. Long before Robert Burns was born Martin Luther, a man after all not unlike Burns, felt Imission will be charged, the whole of the receipts, | that facts were ‘‘stubborn things,” and that without any deduction, to be for the benefit of the | they must be yielded to. He was not the first widow and children of the man accidentally killed at Jones’ Wood on Friday last. The delegation from this State to the National Democratic 6tate Convention is called to meet at the St. Nicholas Hotel, in New York, on Wednesday | men who had the nextat noon. D. 0. Finch, of lowa, has secured headquarters for the lowa delegation at the St. Gulien Hotel. A race from New Orleans to this city between the man to feel that the world might get into foolish grooves and had got into foolish grooves, but he was one of the first hardihood to speak out what he felt, to speak it out regardless of all consequences and to speak it out with an advantage to himself and to mankind. It was etoamers George Cromwell and Crescent City, of | a daring, a brave thing to do in the times in ival lines, on their last trip, resulted in the Cresceat City winning by eight hours and a half. Mrs. Margaret A. Wheelright, of 150 Monroe street, ‘Was before Justice Dodge yesterday, charged by a which it was done; but success justified what he did, and although Huss and Wickliffe and others had been quite as brave the honor and Uittle girl who is bound asa servant to her with | glory of the religious revolution of the six- cruel ond inhuman treatment. The case was ad- Sourned, the Justice placing the girl, meantime, in | with the name of Martin Luther. charge of a Mrs. Wolford, to whose house she had Ged, it is satd, for protection from her mistress. teenth century will be everlastingly associated It is only just, however, to add that but for the press, In the Supreme Court, Chambers, yesterday, Judge | Which had just then begun to be a power, Ingraham rendered a dectsion denying the motion in | Luther might have been quite as unsuccessful the case of Howell & De Veau against the Chicago and Northwestern Railroad Company, to continue ‘the injunction restraining the defendants from issu- tng preferred stock in payment of dividends. The Court of Appeals has reversed the judgment @nd ordered a new trial in the case of Maurice Lan- ergan, who was convicted of the murder of his wife, Delta Lanergan, at 135 Washington street, on the 26th of March, 1867, and who was sentenced to be hanged On the 9th of August of that year. William Muller was brought up for judgment in the United States Circuit Court yesterday, on a con- viction for contempt of court in violating an injunc- tion in @ patent right. The Court ordered the defend- Ant to pay $2,500, to reimburse the patentee in hia expenses in pri ting, and to stand committed until that sum is ‘The st jarket was strong and excited. Gov- e-nment ities were firm but dull. Gold closed at 140',. With but few exceptions the markets were ex- hohe quet yesterday. Coffee was dull but firmly eld. nm was in tolerably active demand and Steady, closing at Sic. for middling uplands. On Change four was sparingly dealt in, but without change in value. Wheat was dull and prices were holly nominal, while corn and oats wee dull and lower. Pork was quiet, but without particular change in value. Beef and lard were quiet but Steady. Naval stores were slow of a1 nd heavy. Petroleum—Refined (in bond) was quiet but firmer, closing at 32c. @ 82}4¢., While crude (in hulk) was in fair request and firm at 1640¢. Whiskey was dull and nominal. Freight were duil. MISCELLANEOUS. ‘The steamer Santiago de Cuba arrived at this port yesterday, with Panama dates to the 18th instant, The Pacific Mail Company's new steamer Japan, Cap- tain West, reached Panama on the 14th instant, ‘There was no news from the interior of Colombia, The yellow fever was disappearing in Nicaragua, ‘The Costa Rica Legislature was in session. and quite as unfortunate as many of his pre- decessors. The age was in favor of the man. It is no matter of surprise to us that three hundred and fifty years after Martin Luther had nailed his immortal theses to the door of the Schlosskirche at Wittenberg, and three hun- dred and forty-seven years after he had con- fronted the Emperor, the princes, the nobles, the Church dignitaries and others at the Diet of Worms, a monument should be raised in that city to his memory. It is rather a matter of surprise to us that Worms, which, asa city, owes all its reputation to Luther, should have been so long without a suitable memo- rial of the man to whom it owes so much. It is a cause for general joy that the man who advocated reform when reform was not only unpopular but perilous, has now, in the city with which his name is per- haps more intimately associated than with any other, received the honor which has long been due, It is certainly a curious and striking fact, that at the very time we are made aware that 80 becoming a tribute of respect has been paid to the memory of the reformer of the sixteenth century we should have a frésh illustration of the old and oft-reiterated saying that the Papacy will not learn, No student of history can refuse to admit that even the Papacy was the better for Luther. It is dificult, however, for any one to read the latest allooution of Pius the Ninth on reform in Austria without lesson. A little wisdom in council might have averted all the trouble of the sixteenth century, and Luther, the heretic, might have been remembered as Luther the saint, It does seem, however, as if the Papacy were proof against all teaching, against all experience. It is once more in the course of its history in antagonism with the tendencies of the times. If wisdom is wanting in its councils, if the lessons and experience of the past are all to go for naught, its future is not doubtful. It may behold its fate in those beauteous but powerless mythologies which connect the liv- ing present with the memory of a dead and buried past. We can have no more Charles the Fifths or Philip the Seconds. Another Luther is not impossible. By the way, it would be interesting to have a message from those defunct worthies. Why don’t the spirit- ualists get their shadows under some table? The Tax and Tariff Bille Before Congress. The House of Representatives acted promptly on the Tax bill reported by Mr. Schenck, and then from the Committee of the Whole, and it now waits the final action of the Senate. It is thought there will be no change in the tax on spirits, which is fixed by the House at fifty cents a gallon; and probably there will be little if any change made in the tax on tobacco in its variousforms. There may be, however, some modification in the details of the bill. The tax on the business of bank- ing and bankers remains as it is, though no business is better able to bear taxation, and none has greater privileges and profits. The banking interest was powerful in resisting tax- ation, and succeeded in defeating all proposi- tions to increase the tax or add new taxes. The tariff men are intensely active in urging Congress to take up the tariff question again this session, although it has been postponed till next December. Considering ‘the activity and influence of these men, it is not unlikely that they may succeed in getting a reconsider- ation of this matter, and that a bill may be re- ported covering some articles in the schedule. This sort of piecemeal legislation is the way of doing business with Congress, and the lobby knows how to confuse and work upon that body for the benefit of class and individual in- terests. We despair of ever seeing any broad and comprehensive system of legisation on the tariff, taxation or the finances while this Con- gress is in existence. Woman Suffrage—Miss Anthony’s Platform— ‘The National Party. At a meeting in this city the other evening of the Colored Union League of America No. 23, on the suffrage question, Mr. W. P. Powell (black man) offered one in a series of reso- lutions declaring for ‘‘equal suffrage without any qualification other than manhood.” Mra. P. F. Norton (white woman) moved to add “or womanhood,” which was not a bad idea. Upon this fertile text claiming for white women equal rights with niggers, Mrs. Susan B. An- thony briefly reviewed the war against and the overthrow of slavery ; how, during this war, the women’s rights conventions were sus- pended, and since the war, in consequence of. Wendell Phillips devoting himself to the black man’s rights to the exclusion of white women's rights, how the women’s rights women are taking the stump once more, and how the democratic party may win this coming Presi- dential fight with the exercise of a little com- mon sense. ‘Unless (said Miss Anthony) the democratic party does what it seems hardly possible it can do—unless it really arrives at the conclusion that General Jackson is dead and that it is necessary to make a platform in ac- cordance with the events of the day they feeling himself carried back to the days of Telegraphic advices from St. Domingo state that Baez bad banished ail sympathizers with Cabral aud Leo the Tenth, of Tetzel and his money box. The memory of Luther qugut to be @ lawting can’t come in. If they want to win they will do this; if they don’t want to win they won't. Tam not particular whether they do or they don’t.” Miss Anthony would fall back on the national party, a young party as yet, but bound to be a great party, the rQ&l party of equal rights, manhood rights, womanhood rights, niggers’ rights and women’s rights. We have only to inquire, does the democratic party realize the facts that Jackson is dead and that women have rights as well as niggers? That is the great question for the Democratic Convention. Tue CoLorapo ADMIS8ION BILL IN THE Senate.—The bill to admit Colorado into the Union was called up and discussed in the Senate yesterday, the question being upon an amendment proposed by the Committee on Territories to the effect that a State Legisla- ture and the usual State officers ghall be elected within sixty days after the passage of the act, and that the Legislature shall meet and the officers shall be installed within thirty days after the election. But the amendment further provides that after all this shall have been done and the Ter- ritory shall have become a State to all intents and purposes, the Legislature must ratify the amendment known as the fourteenth article, or the act shall be null and void, and the State of Colorado shall be thrust back into her territo- rial condition for the crime of anti-radicalism, much as the lately restored Southern States were thrust back for the crime of rebellion, “Unper Wuicn Prinog?”"—The cable re- porters in Europe announced the other day that General Napier and Prince Alfred had just met at Suez, and embarked in com- pany for England. We learned yesterday from the same source that Prince Alfred had arrived at Windsor. To-day we are told that General Napier reached Marseilles yester- day in a war steamer, on his way to England. This résumé of news induces the questions, who is the prince? where is the prince? The prince first mentioned as at Suez is, we think, the black prince, not of Cressy, but from Magdala. Tar Hew. Garr Ossrrvotions.—The River and Harbor Appropriation bill is now fairly under way in the House, several distinct mo- tions to recommit or postpone it having been voted down by decisive majorities yesterday. Among the important items, and probably the most important in the bill, is an appropriation for the removal of obstructions in the channel at Hell Gate; and it is to be hoped that the bill, with this much needed appropriation, will be pushed rapidly through until it becomes a law. Lrowstative Haymakino.—The mombers of the Hungarian Parliament are held in ses- sion in Pesth with great difficulty in conse- quence of news which they have received of the cnsly matusity of the harvess and thoi desire to go to their respective homes and attend to the saving of its produce, particularly of the hay crop. This pastoral feeling is en- tirely at variance with that prevalent among our American lawgivers, who find their most profitable harvest in the halls of Congress in Washington and the State Legislature in Albany, and “‘make hay” in the “sunshine” of the shade of the lobbies, The Inauguration of the New Tammany Hall—Prospect of a Lively Time. The old Tammany Hall, after its fumigation and general cleaning out, and scrubbing, and washing, and plastering, and patching, and painting, looks very well transformed into a printing establishment ; the new Tammany Hall, adjoining the Catacombs, with the frontispiece of a big Indian, although with but little pre- tence as to style, is still a more pretentious structure. There the big Indians of the Tam- many ring—men who have grown fat and are growing fatter on the spoils of this Corpora- tion—the grand sachems, little sachems, pap- pooses, sagamores and whiskeyskinskis, assisted by the representatives of the national democ- racy from all the States and Territories of the Union, reconstructed and unreconstructed, and aided by the women’s rights women, too, will meet on ‘‘the glorious Fourth” to inaugurate this new tomple of the ‘‘Tammany Society of the Columbian Order.” The history of the old Tammany Hall is a startling record of demo- cratic lovefeasts of the Donnybrook order, fruitful of faction fights, cracked crowns, bloody noses and used up locofocos, and it will be al most a miracle if the new Tammany Hall escapes a similar baptism. Over the length and breadth of the land— from the iron-bound coast of Maine to the coral reefs of Florida; from the glaciers of Oregon to the miasmatic swamps of the Caro- linas ; from the petroleum wells of Pennsylva- nia and the hot springs of Arkansas ; from the stunted herbage of Coney Island to the cloud- kissing cedars of California—official and volun- tary, the delegates to the National Democratic Convention are coming to town. They will be here by thousands on the Fourth, although we presume that a thousand will cover the au- thorized delegates upon whom will devolve the business of naming the democratic ticket and proclaiming the democratic platform. In 1860, on the slavery question, between the Douglas squatter sovereignty men of the West and the Jeff Davis Territorial slavery men of the South, there was a conflict in the Charleston Conven- tion which resulted in a democratic split, Southern secession, rebellion, fire, sword, de- struction and revolution, and in Southern recon- struction as it stands to-day. Now, on the negro suffrage question, reconstruction and the money question, but mainly upon the money question, between the greenbacks or Pendleton men of the West and the Chase (Old Greenbacks himself) and anti-Pendleton men of the East, there are thickening symptoms of another democratic row. All the wisdom of Mesers. Comstock and Cassidy, and of Belmont and Barlow, and of Hoffman, Wood, Brooke, Rynders, Morrissey and Godfrey Gunther will be required in the Convention to maintain har- mony and brotherly love. . The two-thirds rule, invented and first ap- plied by the Southern oligarchy in 1844 to kill off Martin Van Buren, has made every demo- cratic President-making convention since that day a regular slaughter house, involving a fearful massacre of the innocents. There was a dreadful slaughter in '44, when Polk turned up as the lucky man ; a slaughter in ‘48, which resulted in a Van Buren-Chase free soil bolt and the defeat of Cass; a merciless slaughter in '52, when poor Pierce was marched in over the dead bodies of the slain; in ‘56, when Buchanan passed the ordeal on an alibi; and in 1860 came the grand democratic explo- sion and volcanic eruption, a hundred thou- sand times more terrific and calamitous than the late fiery shaking up of the Sandwich Islands. This two-thirds rule, so fruitful of democratic discords and disasters, is still the supreme law of the party, and within the party camps the old elements of factious antagonism and erup- tion still exist. The Pendleton men of the West claim a majority of the Convention. What will they do? If they have the majority they have the power to upset this two-thirds rule; but as this would probably effect a split at once the experiment will hardly be attempted. Pendle- ton’s majority, then, will be to him what the majority was t’ Van Buren in '44 and to Case in '52. It will be worried down and frittered away. The late speech of Seymour defines the issue which will swamp Pendleton. We may say that he is already swamped by that speech. Tit for tat, any Eastern man repre- senting the financial policy of Seymour will be swamped by Pendleton. What then? Another poor Pierce, such as Hendricks, or a new departure under Chase. The Pendleton pioneers are in for a fight, after the fashion of Douglas, against both Seymour and Chase. But from the South will come up a force for Chase which may bring the Pendleton party to the alternative of a surrender or a bolt. If the Western democrats from the fate of Doug- las have learned anything they will, reduced to this pass, fall into line; but if they have learned nothing and forgotten nothing they will bolt. In any event the pressure of the new issues and new ideas of the day, and in conflict with old democratic combustibles, will make this coming Convention boil and bubble like the witches’ cauldron. “Ler Us Have Peaor."—General Grant is reported to have published an order to all the military Governors, ‘‘instructing” them in regard to the passage of the bill for the admission of the Southern States. Does that order withdraw the soldiers? If not, when will another order withdrawing them come, and is it not time it came now? Mil- itary Governors are not wanted in the South any longer, with or without instructions, Will the General hurry ? Or is it the game that the soldiers are to stay for the election and’ act in Shepherd's style, taking care that nobody hur- rahs for the opposition candidate ? “Tre Emptre 18 Peaor.”—Napoleon tele- graphed afew days since to the commander of the French camp at Chalons that he “would be with the men” on the anniversary of the battle of Magenta, The Emperor accordingly arrived in the camp, held a grand review on Friday, and expressed himself well pleased with the various evolutions, Tho Theatrical Benefit System—Relics of Professional ' Deadhoadism. An English critical journal (the London Review) in a late number indulges, apropos to Mr. Paul Bedford's farewell benefit at the New Queen's theatre, in some severe but thoroughly deserved strictures upon the benefit system in general, In America this system is exaggerated even to caricature. At nearly every theatre in New York city, not only the “stars,” but the stock actors as well, are engaged with the stipulation of a benefit, for the profits of which every haditué or holder of a seat is besieged for an extravagant fee for the said seat on the evening in question ; and 80 thoroughly has this procedure been incorporated with the management that there are few who would have the audacity to defy the custom and protest against it. Meantime, in journalism @ great reform has been begun and carried on through the persistent efforts of the HzRaLp to break up the deadhead system. Our employés are so paid as to leave no necessity for resort to its practices, and so paid as to afford to be independent of all free lists and deadhead dodges, misnamed courtesies to the press; and if it should happen, as it will some- times, that persons should claim privileges on the score of connection with the HzRatp, we wish all theatrical managers and all persons upon whom such claim is made to understand that the claimants are not of the HeRaxp staff and have no authority to represent it. We wish the gentlemen so connected to be under no obligations to ticket or railroad agents—in other words, to pay their way like gentlemen of any other profession. We employ no Bohemians, thus securing independence of criticism and comment on the part of those who may be detailed to represent the Hzratp in any capacity. The deadhead system has, in fact, been one of the principal causes of the decline of the drama in America. On the free list, and perhaps regularly salaried by theatri- cal managers, the Bohemians have become simply agents for the retail of any puffery, however absurd, which it might suit their masters to demand ; and by this means a por- tion of the press has been made wholly or partly subservient to the interests, not only of theatrical managers, but of the agents of any institution which might stand in need of a well written puff. In London there has always been something like fair criticism. Bohemians there have been who puffed and praised at the beck of managers; but these have been coughed down from time to time, independent men have taken their places, and English criticism has outgrown managerial influence. It may be added, however, that if the remuneration of the dramatic profession be insufficient, begging is not the most dignified way to repair an actor's poverty. There is another and more honest way. Let the lead- ing theatres in New York city—such as Wal- lack’s and others—adopt a scale of salaries which will render their employés independent of all benefits—in other words, let them begin the same reform in the theatrical profession which the Heratp began in journalism. Let a scale of salaries be adopted which will be amply remunerative without resort to begging and to the varied dodges of the deadhead, which are but relics of Bohemianism and by no means comport with professional dignity. In this way a better class of artists will seek the boards of leading theatres, and the public will be relieved of an annoyance which has gotten to be an intolerable nuisance. An indepen- dent profession, devoted to the improvement of the dramatic art, and an independent press, impartial in its criticism, are the two things needed to arrest the decadence of histrionic art in America; so long as the drama and the press are given over to begging Bohemianism so long will the members of either profession be subject to slur and disrespect. Let enterpris- ing managers, therefore, abolish benefits and their Bohemian hangers-on of the Bohemian pressata single coup. Let them employ the best of artists at the best of salaries, cut off free lists and court intelligent and impartial criticism. By these means only can the dignity of either profession be preserved. Three Per Cent. Loans can be had at three per cent on call in Wall street, and there is a supply of money in excess of the demand, while the best com- mercial paper is scarce and wanted at five to six per cent, Im other words, there isa plethora of unemployed money. We see a similar state of things to that which has existed for some time, and still exists, in England. Money there has been as low as one per cent, and now can be had at two per cent. It is much the same in Paris. Like causes pro- duce similar effects. Money accumulated to a vast amount in the banks of England and France because capitalists had become afraid to invest in speculative enterprises after the collapse of several great railroad and other schemes. Panic and excessive timidity followed the failure of Sir Morton Peto and others in England just the same as they did some years ago the failure of Hudson, another great rail- road king. New York, like London or Paris, is @ great financial centre, to which money flows, where it accumulates whenever specula- tive enterprises receive a check or people become afraid of investing in anything that is not perfectly safe in the regular course of trade. We have had no great panic or collapse, it is true; but the low rate of interest and abundance of unemployed capital here arise in part from a similar cause to that in England at the period referred to. Capital- ists are timid and in a state of uncertainty. With all our vast resources waiting to be de- veloped, and with the fairest promise of profit- able returns for capital invested in them, there is doubt and want of confidence. This is especially the case with regard to the South, where there is so much need of capital and where there is more undeveloped wealth than in any other part of the country or the world. People do not know what absurd or ruinous mea- sures our incapable and reckless Congress may pass; they cannot see their way clear in the future; they are like men at sea without a rudder to guide them on their way. Nothing is settled. The country is not restored to har- mony and political equality; the finances are not adjusted; taxation, the tariff and revenue laws are not in a fixed or organized condition and are in the hands of men who do not know what to do with them. Thon we cannot tell whethor we are going to have givil law aad the old constitutional government restored, or to sink either under military despotism or a Congressional oligarchy. In fact, we do not know from day to day what strange things Congress may do or what the future may bring forth. There may be some other and lesser causes operating to induce this plethora of capital and low rate of interest—as the current of trade and money at this particular season of the year and large disbursements from the Treasury; but the main cause is that which we have stated. If the country were restored, the finances placed on a solid basis, the tariff, tax and revenue laws generally were well or- ganized and established, and the Presidential election settled in a manner to secure the supremacy of constitutional government over the whole country there would be such a wide field and demand for money that we should ne longer see interest at the low rate of three per cent. The Irish Church Question in the Heuso ef Lords. The Irish Church Suspensory bill is now the all absorbing question in the Upper House of the British Parliament. No similar excite- ment has been witnessed since the passing of the first Reform bill—certainly not since the. Peel grant to Maynooth College in 1845, The tory lords seem as unteachable as ever. It is not impossible that the bill may be thrown out by the Lords;.but if thrown out it will only be to come back in a still more offensive form. The Commons are in no mood to comply with the Lords; and the time is no longer when the House of Lords rule England. The stub- bornness of the tory lords promises to add te the fun inseparable from the situation; and if the Lords reject the bill the row will be grander. than even we had anticipated. It requires only a little more antagonism between the different estates to fling Great Britain into the arms of fierce revolution. Happily for the Commons, the Reform bills are progressing and the result is made less doubt- ful. To kick against the pricks is always a hard thing. It is especially so at the present moment in the case of the tory lords of Eng- land. DeMooratio CANDIDATES FOR THE Presi DENOY.—Not less than sixteen names are mea- tioned for the favor of the Fourth of July Conven- tion by various interests and the admirers ef the different gentlemen. They are Chief Jus- tice Chase, Judges Field, Davis and Nelson; Mr. Pendleton, Mr. Hendricks, Governor Sey- mour, Andy Johnson, Governor Engligh, of Connecticut; Governor Joel Parker, of New Jersey; Generals Hancock, McClellan, F. P. Blair and Franklin Pierce; Charles Francia Adams and Reverdy Johnson. Here is plenty of timber and some of it good; but readers must not understand that the extent of this list indicates the comparative embarrassment the Convention will have in choosing. The choice is between three, perhaps, but the rest are named in the exuberant spirit of com- pliment in which some coterie regards each man; or, more practically, these names are put forth that they may score so many votes and have the honor of with- drawing those votes in favor of the right man— an honor anda service of which they will re- mind the right man when he is once in office and has good fat places to gi' way. Tas Sovrn in THe DeMooratTio CoNvEN- TIoN.—All the Southern States will be repre- sented in the Fourth of July-Convention. The Tammany sachems affect to be very well pleased to meet their old friends and feXow democrats from the land of chivalry, but they are nevertheless throwing out mysterious hints as to the proper course to be pursued by the Southern delegations in the Convention. They have no objection to let the South in, but they consider it advisable that the dele- gates from States not represented in Congress should refrain from voting for candidates or taking part in the debate. This is all non- sense. The South is far more deeply interested than the North in the rescue of the govera- ment from the hands of the Jacobin faction, and will be more likely to vote for the strongest candidate without regard to bygone prejudices, The Southern delegations should insist upon their right to vote or should remain out of the Convention altogether. Tas Missisiprt Eieotion—Tas Nezare Reaction.—Whatever may be the final re- ported result there has, unquestionably, been 8 wonderful reaction among the blacks in the late Mississippi election. Democratic barbe- cues, on the footing of equal rights—those festivals in the woods, where free pige aad fowls and bread and whiskey are furnished by subscription and consumed by wholesale—are reported as having turned the scale among the darkies. If so, negro suffrage in the South henceforth is in the hands of the conservatives ; for they have all the materials for these barbecues. Mexico Improvine.—The Mexicans have be- gun to commit suicide on « large scale. Thie is bad. Itis a shade better, however, than to be cutting each other's throats. In the condi- tion in which Mexico has been for the last forty-five years her well-wishers have learnt to content themselves with small things. Suicide is a slight improvement on murder. We are willing to give Mexico all the praise which is due. Tue Sovruzrn Press on THR Prest- prNnocy.—All the conservative press in the Southern States is for Chase. And why? Because they see and feel the movement of opin- ion there, and know who can carry that section against Grant. This isa fact the Convention should remember. OCEAN STEAMSHIP RACE. Much excitement prevailed in New Orleans among Merchants and seafaring men on the recent de- parture from that city of the rival steamships Cres- cent City, of the Merchants’ Line, and the George Cromwell, of the Cromwell Line, as to which was the fastest vessel, and it is reported that upwaris of ten thousand dollars were depending on the result as to which steamer should reach New York first. They both left New Orleans and the bar about the same hour on the 20th instant, and having good weather on the passage the race may be considered as com clusive as to which vessel has the most speed. The Creacent City arrived at her dock at half-past tem o'clock on Priaay night last, and the Geo Crom- ‘well reached her dock at seven o'clock on Saturday morning; the latter thus losing the race by eight and @ half hours. ALLRORD BUROLARS.—Two men, who gave thetr names as Conners and James Coagrove, were both arrested last night by detective Reilly, of the Twentieth precinct, on a charge of breaking \nto the er of Twenty-sixth street and Tenth avenue on the aight previous. Tho wit be it to the Jeferson Market Court thig