The New York Herald Newspaper, July 6, 1868, Page 9

MEXICO. A MEXICAN CONGRESS. The Members Not Chosen by the Peopie Directly. COST OF A SIX MONTHS’ SESSION, An Interosting Chapter for the Friends of Re- oublican Institutions. The Rebel General Jimenez Seeking “ardon— Outrage on One of Maximilian’s Seunsel— Interesting Details of the Rebellion in the Interior—HKuights of the Read and Ro- mere—The Impemchment of Two Gover nee? Mexico, June 2, 1868, General Martias Jimenez has presented himself to fhe government here at Mexico and seeks a par- Gon for having placed himself in the dread pbsl- tion of being subject to so much of the famous law of the e6th of January, 1862, as has passed Con- gross a few daya since, by going into and at the head of arebellion, The government has pardoned him nd has received him with kindness, This happy method of treating great criminals may perhaps be congidered as in Compensation for the shooting of so many distinguished generals so soon after the resto- ration of republicanism. At all events it is: very popular. e The hacienda of Mariano Riva Palacios, the emi- nent advocate who, with others, defended Maximil- fan, has recently been ransacked by Julio Lopez. ‘This latter high toned gentleman of the road is now im Ohaico helping himself and making forcea loans. Zaragua i4 in the Sterra of the State of Querétaro with three hundred men, and is believed to be in the act of concentrating his forces with those of Montez. Escobedo lately sent @ battalion in pursuit of him, but failed to accomplish anythiug. A portion of the nounced forces in this State are in possession of Ban Pedro Toliman, and it is thought that a concen- tration of (orces is aimed at, with a view of taking of the State. General Antillon commands ment forces in the ileld against them. of government infantry, sent out to con tend with the pronunciados trom Celeya,a day or two since, forgot their duty, and went over to the enemy. ‘wo other companies were preparlag to follow the ey in but were prevented by the arrest of the leader in this change of base. The news from Campeachy is unfavorable. The government forces have been totally defeated by the savages, whom they were expected to blot out. A great losa of life has ensued. It is currently repos and believed here that Mr. Romero was himself attacked and robbed on his way Fp to the steamer three days since. So secure is e country. It ts cer'ain that General Rivera 1s just beyond To- luca with three hundred men, and threatens the ernment vith serious 0) ition, General Huerta disavowed his connection with the former pro- munctamientos. A.new outbreak is mentioned in Tezuitlan, in the of Pueble, under the command of Negrete. follo tolegram has just arrived here:—“On Bist of May five hundred munciados entered the town of T Peguianan, om the mountain called Cerro Gorda, and demanded $509. It is feared that @ force at Arroyozalco will pronounce.’ Gomez Cuervo, Governor of the State of Jalisco, ( himself for trial before Congress on the of May, charged with the ynconstitutional act of: ing five men, Known to be and arrested as , Without @ triaL He was found guilty. vernor Centiifon, of Gi ; has also been tried Dy vosa for usurpation of authority, but has eon acquitted by that august body. ‘€llatery of the First Six Months of the Mexi- oan Congress—Who Compose It, How Elected, Their Pay—What it Has Doue or Rather Not Done—Closing speeches of Presi- dont Juarez and Mr. Zarco, of Congress. MEXICO, June 7, 1868, As much has been written of and so little has been @ccomplished by the Mexican Congress, which ao re- Oently closed its second session, your correspondent faas thought that it may not be uninteresting to give you aeomewhat minute or detailed history of how t was olected, how and why convened, what has ‘been accomplished by it (perhaps was not accom- plished) and what was said at its closing hour. So mach has been declared by the enemies of interven- tion and the friends of liberal Mexico the world over as to the great untold prosperity which would tm- mediately succeed the downfall of Maximilian that #t ts proper that any who may discover them- @elves deceived may be furnished with some data from which they may hope to deduce some comfort- dng palitation. Mexico overrun by revolution and &. intervention has had no national Congress repre- the people since the ad of fhe new constitution of 1867. This , Which (met in the month of December last, bears the name of the National Congress, how justly or unjustly can be better judged after this communication shall have been perused. Ali classes, professions and condi- tions were represented except the lowest, and not @ little talent of a high order; but unfortunately ant- ‘mal force weighed as much, or more, in the final Row they are elected, &c., I add paragraph one of Citle three of the constitution of 1867, entitled “Or ‘he Election and Installation of Congress” :— 80 elected @ substitute be chosen. ART. 66. The election for ties shall be indirect id by ballot, according to regulations of the toral law. RT. = order to be le for eligi! iy it ART. 60. Cot shall of the election of ita embers and settle all arising in respect ‘ART, 6L, Ooi not open ita sessions nor at it assem! together upon the day by law and shall compel the tees to un ues enacted by the law. ART. 62. have each year two ordi- Mary sessions, first shail commence on the 16th of September and shall inate on the 15th of December, and without provocation, and shall terminate shall convene the 1st of Aj Mat, Oh At the opening of the session of Co . e open @ session of Con; the President of the vaion shall be resent and shall pronounce a discourse setting forth the actual of the country. The President of Congress shall reply tn pane terms. ART. i All the acts of Congress shall have no other character than that of law or economical reso- lutions, Tho laws shall be communicated to the Ex- eoutivo Oe Oe by the President oe two at signed by two Secretaries, ‘tpg A very important feature of this portion of the law of the constitution is to be discovered in the fifty- ffth article, and lies solely in the word “indirect.” “The election of deputies (Congressmen) shall be indi- fect and by ballot, according to the regulations of the electoral law.’ The indirect method referred to consists in the selection by such of the people as choose to vote of electors who subsequently elect deputies (Congressmen). Of course no one will claim that under such a system the people are repre- sented, as indiuetices may be readily used by the gov- srnment, a political party or even private individuals, ‘to effect the selection by such electors of deputies Who do agt represont the maioriy of the ygople, in —$—$—— NEW YORK HE this single paragraph »f the sonstitution this mation may find the seed whose germination-may result in the decay or death of their free institutions; a dis- trict represented by & Congressman who is unac- quainted with the people personally and their wants, or a distant State represented by Congressmen who reside in Mexico or mayhap have lived in the United States or Europe for a decade. A little political machinery, some meney and a friend at court may the country’s fathers. Talent is not indispensable to article ffty- and the electoral law. tion are chronic all over the and in every State, rey Gace e al le ‘which has 80 lately term! inst interven and in.favor of liberalism in Mexico cost too much blood and suffering to the great oy he Pre erence ler un garb their preroga- tive, and a cry nas been raised fora proper and just rept can, who by nature trusts no suspicious watchings to his fellow countrymen, and appears to expect rywhere and from source procrastination, deceit and bad Whether is innate, whether it be the nature the race, which Sinope believe mixed origin, or whether it ence arising from and enervated race, preferring and rving by stratagem and force rather than: by honest and toilsome sweating of the brows, or from both —-, those who know Mexico best are better capable oi judging. So the Mexican is pernaps but true to hu- man nature if he fails to discover true and faith- ful legislation for his country, his district or his home by a representative who he feels has forcib! taken possession of the ition which it longed to him alone to Ww. So we have dissatisfaction and @ clamor for*a legal representation. Congress and the Executive cannot be otherwise than aware of this bad feature in the constitution, and at its late session might have remedied it by making the deputies eligible by the people directly and not otherwise, the candidate receiving the greatest number of votes being. pro- rly elected. As, however, such @ chal in the law and custom might result in the fullest and fair- est representation, border States or disaffected dis- tricts in the interior might thus send their deputies to the general Congress, thus causing differences and dissensions and making the government more of a republican one than the present unoducated and semi-civilized condition of the majority of the popu- lation might admit of tts being wise Chat it should be, so bringing forward the question as to what stage of civilization and enlightenment in a people will admit of the utter setting aside of monarchical forms of controlling the same people, It seems now certain, according to article fifty-two above, that, the people willing, each district, properly repre- sented or not, has her deputy until the fall of 1869— the last election having taken place in the fall of 1867. It will be seen that in accordance with the re- Pes pace of the constitution one Co: aman oF leputy oan be elected for every forty thousand in- habitants, or for each fraction above twenty thou- sand. There 1s also usually elected a splente, or al- ternate, who may serve in case of disability of the original proprietary member, ‘The toial number of Congressional districts throughout the country is now computed to be two hundred and Sort, with a8 many suplenies or alternates, from which it,will appear that the present “ ‘ers that be’’ consider the population of the country to be not far from seven million of people. in some districts no elections were held. his resulted from a variety of causes, In some por- tions of the country the supremacy of the liberal government was not acknowled and in others: revolutions Were still rampant, and in some paris a pisposiiton. to secede or be independent of the cen- tral government was thus exhibited, and, at the Same time, a deter-nination felt and evinced that no contribution should be made toward the support of the government, and therefore they would clatm no representation. As the resuit of these and other vauses during the early days of the seasion it was dimicult on every nh to secure @ quorum, one hundred and five out of two hundred and eight being necessary, such was the disgust or apathy of the people. Yes, these same people, who talk so much of country, liberty, law, reform and independence, actually have not at heart felt enough interest in the enactment of laws for the benefit of the people and their industry to present themselves at the hall of Congress after having ‘been elected as deputies. er, extends his one of the col uences of this stupid apathy the ernment ive been in the dubious ion of not being able at all times to ob- tain @ quorum for business, and the 1 nston of the Cor jonal session was at firat ned. There even Mexicans, who declare that in order to forestall such a dilemma it was found conventent ord that by means best known to those most interested members have been elected who are entirely unknown to the people whom they are recorded in yep sional archives as representing. The number of resi- dents of Mexico city wrt represent other districts cry justice it may be said if are such in Oongress ie. pesple. ste evens 40 Doma ae not ba’ pelied those elected to present themselves an oo their duties. During the latter part of tho ses- sion there have been as many as one hundred and thirty-five to one hundred and forty deputies here, never more than that unmber. The of each tmaember is not inconsiderable, petng $9,080 per year in gold, and j from those who are here that amount is apprecia\ The total cost of the session just terminated in sala- ries to deputies, clerks, re; and the of subordinates is estimated to be not less than 000 hard money, an amount which might with more ben- eft to the country hat to the occas the committees were as much wanting in system as the Cor itself, which had an abundance of busi- ness before it, but which came nominal! one P. M., but in fact at two, and adjourned at from four to fiveP. M. However, I have translated in full the re hes of President Juarez and Presiding officer ‘able for att ‘at the ci hour—remark- Ne TE ed a that not! orth speaking been originated or by Congress dui its six months’ session. I doubt not that the vroident and. his have been too glad to be rid of it, as are untrammelied for at least a term of three mou' This having been done for the first time since the Bro foreign and civil war which the blic 1e, ane will be able in the future to admit under tl distinguished consideration such im ——— Seer pare ri- ence may ‘sdmmfateercion. very se be threavened by vil. The yoo: which has given 80 proofs of clemency and kindness, have rigid duty to perform in the neces- cases. Means of correction have been authorized by recent decrees of Congress against all those who pretend to ulate in revolutions, thereby attacking the dearest interests of society. i general opinion of the republic ought to inspire in us confidence in the future, which cor- rects energetically and forbids the use of force upon whatever B sin] it is used to overcome the law; liberty an peace will be consolidated by the faithful observation of our institutions. Receive, citizen de- puties, my good wishes that we shall be able to con- gtatulate ourselves on the condition of the republic when you shall again meet, REPLY OF SPRAERR SA209. The Speaker of Con; replied as follows to the the citizen President o1 ublic:— In_compliance with a constitutional requirement the C¢ of the Union to-day closes its session. Their deliberations during their second period have tended to secure the Mexican peopie the benefits of legal order and political liberty, which so much courage knew how to save their ind 5 dence. The first result of the triumph of the republic 3 over the invaders who wished to 4 our in- stitutions was the reunion of Congress elected by the has after people. This national having endured the calamities @ war with a foreign enemy, aud when the intervention and the “go, called” empire left every where as odious vestiges blood, ruin and disorganization, The labors of Oon- gr aa, in such avtate Of things, have been pecessarily {t is for this reason that we RALD, MONDAY, JULY 6, 1968—TRIPLE SHERT. Feorgantzation of gocity which: Ina boon deeply die ich, has been dee) turbed, and which has refused no sacruice to preserve ite Integrity. | In this, #0 dificult a task, is to know it has counted upen the support of people, for in @ manner most unequivocal it has for years demonstrated its sincere adhesion to demo- cratic institutions, and in the midst of misfortune and tho severe trials through which tt has passed Congress has not misplaced ita confidence. Con- greas, immediately upon being installed, carefully computed -the votes cast in the last election, and declared who were the citizens named by the people to Mili the Executive chair, and who were the magts- trates.of the Supreme Court of Justice, und go has- tened the regular reo ization of the authority of the Afterwards, @ yi having occurred some ts not hay the people convo! com- necessit jired, 80 it was an re = = requ: le down the tumultuous crowdin Y' and aor it was accomplished that Sain: Beate was from the Coi a view to re-establish peace security threatened by multitudes disorganized dencies, have given the gov- without any political ernment the requisite faculties to place the country in the repose 80 much desired and which will become tae basis of prosperity. Congress leaves the Execu- tive armed with @ law to preserve society from new distur and it is certain that the law is ample to accomplish so important Spammers, The necessity is felt that the organic laws should be in fulfilment of the constitution and should secure pub- Me freedom. Congress has not forgotten this work, which leaves us very much advanced. There has nic law of freedom of the pr removing all im| ents to the free expression of thought and causing the press to be the guardian of all rights and the custodian of all our liberties. Col has not recovered from the resent- ments engendered by severe civil struggles, neither has it recovered from the hatred which treason to the country has produced, and has taken care to honor the memory of the eminent patriots, thereby offering a stimulus to repubii- can virtue. Congress, following the spirit of the times and comprehending the needs and the aspirations of the people to the extent which cir- cumstances have permitted, has given preference to material improvements and has decreed the opening of routes of communication, but the time has not been sufficient to conclude all the business pertain- ing to so important a matter. The establishment of military colonies in the State, on the northern frontier and in Yucatan and Campeche is a proof of a desire of the Union to favor the territories distant from the centre, and that now it is possible to look after the necessities of all of the States. There is thus obtained the defence of the people on the fron- tier against the incursions of savages, and also t) foundation or beginning of a new population, that in time that which is now a desert may be con- verted into a focus of prosperity and civilization. Various legisistive measures have been originated with a view to expand the industry and commerce of the country aud in general the interests of the working classes, which interests, in order that they should prosper, should be carried forward in barmony and not run into the error of mutual oppo- sition, The most important of these measures is that of removing the obstacles in the way of the transit of natiqgnal producta and to _ protect the freedom of trade between the different States of the Union. In the second session, which closes lo- day, Congress, in accordance with the constitution, has given preference to the business of the Treasury Department, and after arduous deliberations has re- vised the Appropriation bill and has a law classifying the duties. For the first time since the promulgation of the constitution Congress has been fable to busy itself upon these labora, which 18 one of the principal objects of the system of representation. It is far froin our belief that upon these ‘matters Con- gress arrived at perfection, but it has been leased to take the firat step in the path which will lead us to order, economy and security in the admin- istration of the Treasury. It has been taken with a view of endowing the country with a good adminis- tration, to appiy its necessities particularly in the branch of material improvements, to introduce ex! will fect ti works, whieh will be 8! and the future; and then it will be rer aible to sim) pod more the mi ent and di- minish taxes, and in order that the people may a government and know that er wi contribute to the Treasury will be employed for the good of the country— has had to exercise the high judicial functions with which it is by the conatitu- tion and the judgments which have been pronounced have corroborated great political principles, They have demonstrated that the responsibility taken themselves by these disti: hed functiona- jes is not an empty promise; that there are legal re- courses against arbitrary measures and inet the usurpations of power, and they have made it evi- dent at the same time that the supremacy of the Union ought to be respected over the entire country; that it is not possible with fy ney to trample upon the private a and the general authori- ties cannot limit or restrain the sovereignty of the States in their internal management. Co! be. eves it has fulfilled ite duty and which it hag done has started us the reot mn of the repubi tn among the je the stitutions which the; recess this national that everything upon the road to and that it has hesion to our in- fess. In ente’ uj this Assembiy have confidence that a8 always, the jealous ws and of the with the authority 5 you will pro- of the pacification of the ‘ing the law with wholesome energy. hat country, ap] pone = ey ene eee i og lence in the good sense of the people, and hope t! evi Neerner 8} ly those invested with author- iy, iaboring in strictest conformity with the law, our institu! will become consolidated and th: the republic will march serenely and majestically in the path of pi ity and izement. The re- the people not foster Fees in er they will find the condition of the country bettered. If unforeseen circumstances or public necessities recall itive action before the regular time of meeting, the representatives of the le will give every assistance in their por as in duty bound, with no other view than the people and the security of legal order and ato tity paaarapBe Ta" as anny grant paragra) seventy-two of the constitution, I would call your attention 8. To lay down the basis on which the Executive loans on the credit of the nation, to and to recognize and order the are of contracts or diplomatic perme, oe ey deny bn Executive. my 4 — concerning naturalization, col To make |: concerning the general means commountoation, and concerning posts and post make laws to which the bite lands shall be subject and thelr pricer™ nesties ‘hose grant premiums or recompenses for eminen’ rendered to the country or to humanity, and for @ limited time to inventors or tm- of any invention. form its internal and take the steps to compel absenting deputies to § to correct the faults or omissions of those present. * As will be seen by the closing address of President sie Juarez and Mr. Zarco, the presiding officer of Con- gress, the total of the six months’ r is quickly ‘ussion and es oe. After so many hours of disc: hile there are so many of poor unemployed and the industry of i fags, we find only the following unimpot jt measures have py viz:—The modified law of January 25, 1862, law of the 25th of January gave the government absolute power over the lives of citizens whom it should de- cide to be guilty of itical offences, and was en- tirely forbidden by icle twenty-three and also by the = ated of the constitution. e law as reformed is stl of the death pe jaity. Colonies have been establ! on the northern and southern frontiers, the latter already a most disgraceful failure, as it has been entirely kiled off. A concession for a mule road from Vera Cruz to Puebla via Jalapa has also been conceded—an utterly impracticable affair. The other three measures passed are such as were absolutely requisite for the existence of the nation—vi the pacification of rebellious States, the ral funds for the support of the army government of the people, including the pay the Congressmen themselves, and, nat not only ol the repairs w) the pa | necesaa for the como of the traveller, but forthe troops, which have been and will be sent hither and thither in the suppression of the bey tt revolution. airs Will have to be well looked for to be would seem but weak legislation and idle mockery to have accomplished so rm #0 ye wo nothing, and then to thank God and each other that they had done so much. Where are to-day too many of ag for the reason that no other employment offered to keep off hunger? The hist of overt Prana, band in the country will answer, If-preservation—the unconquerable desire and, necessity for food is a powerful lever, and one Which ambitious disturbers of the public ce well know how to use. Why has not this of “saviours” occupied themselves in great and important issues, which they were, in obedience to their oath of office, bound to consider, and which are comprehended {n the above sections of \- graph seventy‘two of the constitution, Nos. 8, 9, 10, 3, 21, 24, 25, 26 and 28? The discussion of and for the payment of the debt of tot every encou Tor the benedt of the to the end also should not be Mexico, uniess Mexico Las already decided to wall out the world; the improvement of the postal ays- to discover which and where are the public lands and offer Inducementa for their purchase; to inquire what, if any, improvement could be made ip the mining laws; the encouragement of inventions; the adoption of means to compel the attendance of absent members; the question of a navy; the means one into the country and out of it, viz., ratl- roads, cheap freights, and 4 host of other questions in which rest the vital interests of the country—such rather are the great subjects which should have been discussed and acted upon without hesitation. Why was the Mexico and Vera Cruz Railroad question omMetously disturbed by Congress and then provok- ing! ‘avoided and ‘‘Manana”-d until too late to con- clude action before the fall seasion? Why no action FINANCIAL -AND COMMERCIAL. Sunpay, July 5, 1368, The raflway share market waa strong and active during the past week, and the largest transactions were in Reading, the Northwestern stocks and Erie. The first mentioned ad- vanced on Thuraday to 107%, ex-dividend, for cash, but afterwards reacted to 95%. On Fri- day, however, the cash stock continued in active borrowing demand, and the price advanced to 973, under well distributed purchases. It became known on the same day. that the great Erie war had Qnaily taken deling: iti a pon og the aguettittetion of the. pay ead terminated on the previous evening by an amicable Mexican arrangement between the Drew and Vanderbilt par- Telegraph Comp‘ and the restoration of the concession aud of the right of way for thelr railroad and by Fe h line from Guaymas to Paso del rte? Why the tedious postponement of action upon the privi which Mr. Anson Bangs sought delay and postponement h Mr. Le Sere has met here asking for endments to the Tehuante- ties; but the terms of the settlement did not trans- pire. We have, however, since indicated them in this column. Messrs, Whitney and Ramsdell, two of the present board, gre to retire in favor of Mosars. John Steward and Banker, who will represent the Vanderbilt interest, together with Mr. Frank Work; and ten millions of the common stock is to be with- drawn from the market so as to leave the total out- standing the same as before the issue of that amount of new shares in the early part of the present year. The settlement will be followed by an advance in the tariff on both the Erie and the New York Central lines, All the suits between the Vanderbilt and the Erie parties have been discontinued, and also those recently begun among the Erie di- rectors with a view to the removal of Mr. Eldridge as president of the company, and entire harmony 1s restored in the board. The tendency of prices for all the railway shares was upward after Tuesday, and the bull element gradually gained strength, while the indications are that during the next month or two we shall witness a more active and buoyant speculation for a rise than we have yet witnessed this year. There was a heavy break in the State stocks, and particularly in Tennessee sixes, which declined to 68 upon the announcement that the semi-annual interest would not be paid, but sub- sequently rallied under purchases to cover ‘short’ contracts and rumors that Governer Brownlow would convene the Legislature with a viow to re- trieving the credit of the State, Its finances are however im such a precarious and unsatisfactory condition that there 13 no immediate prospect of the {nterest being made; but when the Legislature meets its first task should be to provide for the funding of the arrears of interest into new bonds and the future payment of the interest out of the revenues of the State, which may be done by increased taxation, and thus the credit of the State may be restored and the efforts of the Brownlow government to keep faith with the bondholders be ultimately successful. A very important law- suit Was commenced against the Union Pacific Railway Company and the Orédit Mobilier in the Supreme Court of this district on Friday, and Judge Barnard granted an injunction on the complaint of the plainti®, Mr, James Fisk, Jr., reatraining the two corporations named from paying to or receiving from each other any money, securities or other property. The allegations made in the complaint call for the investigation of Congress, and, if proved, will entitle the Union Pacific Company to recover heavy damages from the directors and stockholders of the Crédit Mobilier. Money was more active than usual of late last week, but the supply was ample at 4a 5 per cent, and now that the banks have made up their quar- terly returna tt will reaume its former extreme ease. Tho indications are decidedly against any monetary stringency this year, for reasons we have before referred to; but aseven per cent rate in October is not improbable. The statement of the associated banks of this city for the week ending on Friday shows that the banks continue to gain in deposita, the increase being $6,748,599, of which $4,201,430 is in specie. The legal tender notes have decreased $1,721,364, owing mainly to remittances to Western banks to enable them to make up their quarterly returns and the here? Why the provoki till fall the government or Oo! in to all railroads? id tt leads to such resulta, it were better for ists to discover it before troubling themselves to ald an ungrateful or folly-maddened people. The Co also refused to aid her country and her coasting trade by granting a pittance to a line of steamers along the coast to New Orleans, in amount paying for mail carriage. Co made no etfort Tid the streets of all her cities of the thousands of ra, professional and others, by the establish- ment of workhousea, © organized no system for the protection of the roads nor of the mails, Congress has done nothing to aid the commerce and industry of the country; has originated no plan and given no encouragement to those of others who pire: employment to such as have been and forced into the ranks of the pronunciados. All over the country we hear of destitution and an anxious people, and between hore and Vera Cruz of multitudes who for a year have subsisted upon the meanest food, awaiting the beginning of work on the completion of the Mextco and Vera Cruz Railroad, and find star hope before them and are led into despair. Their motto may be, for aught I know, honest labor before rob- bery, but robbery before starvation. What a history has been that of last year! What will be that of the next? Think you that those Mexican patriots who, fifteen months ago and more, in the streets of New York and Washington, taiked so bravély, 80 cheer- fully, so promisingly of what the first Mexican Con- ress woud do upon the restoration, could meet their American friends without a blush after such a record? In all candor 1 must say, if required to answer, most undoubtedly they could and would, It ia not at all certain how soon, if ever, this Congress will wake up to the fact thi ave not each aud every one of them so honot their country as to de- serve to have their names treasured up on the walls and archways of the Congressional Hall in black paint and gilt, alongside of those of Alvarez, Ocompo, Degollado and her greatest men. In September next this body again convenes. | Adl who are interested in business here or in a brighf po- litical future for Mexico awail with anxiety the open- ing features of this session and indulge in the hope that the trip which some of its members have taken or will take abroad will not be lost to them, will re- ceive therefrom peremptory suggestions to immedi- ately occupy their time upon questions which they have so far neglected, but in w Mexico is most interested. BROOKLYN no of INTELLIGENCE, GRAND LaRogNY.—Henry Justice, a gas fitter, waa arrested by Sergeant Lawler, of the Forty-third pre- cinct, on Saturday, on a charge of stealing a pocket- book containing about $70 from Jacob Lutz, of No. 175 Smith street. The accused was locked up to await trial. SERIOUS BURNING CasuUALTY.—Yesterday afternoon Catharine Geige, twelve years of age, was seriously burned by her clothes taking fire from flreworks thrown on the sidewalk. She was conseyed to the residence of her parents, 157 Messerole street, E. D. Serious FALL.—Herman Otten, grocer, fell through the awning over his store, corner of South Firat and Fourth streets, E. D., on Saturday night, while setting off freworks, and sustatned injuries of a serious character. ‘Svs, PETBR AND PAUL'S CHURCH, WILLIAMSBURG.— Highly impresstvé and protracted commemorative services were held in the above chureh yesterday. The excellent double quartet choir of the church was assisted by a powerful orchestral accompaniment, | fact that a large portion of the receipts of A solemn mass was celebrated by Father Coyle, | currency from the interior are in the form of national assisted by Fathers Lane and O’Brien as deacon and | bank notes, which are not counted in the reserve. subdeacon, after which Father Flannery delivered an eloquent sermon, taking for his text the sixteenth chapter of St. Matthew, verses fourteen to eighteen. Rev. Sylvester Malone, pastor of the church, althou: suffering from indisposition, occupied a seat within the sanctuary. At the conclusion of the services a eollection was taken up for the benefit of the holy Pontiff. THe MURDER IN THE NINTH WaRrpd.—Coroner Slattery made the necessary arrangements yesterday for holding an inquest over the body of Francis Ker- rigan, the Old man who was killed in an affray at his house on Underhill avenue, near Warren street, on the evening of the Fourth. It appears the de- The loans have increased $5,441,895, owing to pur- chases of securities by the banks and an increased demand from the Stock Exchange, but the monetary wants of the mercantile community continue on a very restricted scale. The amount of national bank notes held by the banks and Sub-Treasury in this city is unusually large, some bank officers estimating it as high as fifty millions, and hence it follows that this will have to be absorbed after the fall drain westward seta in oefore the legal tender reserve will be encroached upon. The totals of the last two bank statements are as subjoined:— ceased was in the yard én the rear of his house in June 21, July 3, company with two friends, named Joseph Lynch | Loans.. 6276, 504,008 $251,945,031 and Martin Dempsey. The latter had just returned | Specie. 7,753,300 11,954,730 from a fire, and after drinking rather freely became | Circulation. 34,05 ot juarrelsome. They abused the deceased for a | Deposits..... 214,302,207 221,050,306 8 rap Bihege) a then, r- alle; ee made : Legal tenders.. «+ 73,863,303 72,125,930 comb! assaul on im. ther cl The gold market waa firm and active during the or Dee ee a Figg bag he pers Bal Gapnee week, and the closing transactions on the street on and he died shortly after from the effects of his in- juries. The ai ‘was witnessed b ee 4 gory, residing on the opposite side of the street. He saw one of the accu strike the deceased several times with some instrument, but he was unable to Friday were at 140%. The shipments of specie from the port aggregated $3,227,532, making nearly thirty-four millions since the 22d of March last, and more than fifty-one millions since the tell from the distance he was from the parties which | ist of January. ‘This steady outward drain of the two dealt the blows. The deceased was sixty- six years of age and leaves a wife and grown up | °f specie bas materially strengthened the family, The Coroner will probably hold an inquest over the body to-day, Tuk ACCIDENTS ON THE FouRTH.—There were not as many accidents in Brooklyn during the celebra- tion of the Fourth on Saturday as usually occurs on that anniversary, The casualties were all given in the HERALp yesterday. A boy named John Quinn, residing in Court street, had his thumb badly lacerated last evening by a ramrod shot from his pistol. Andrew Christie, a boy five years of age, was seri- burned about the face by the explosion of a poy powder which another boy threw at him. Rudolph Whitman and William H. relied in Conover street, near Elizabeth, undertone of the premium and its tendency at pres- ent is upward, notwithstanding that the Treasury disbursements will be not far from thirty-eight mil- lions this month, of which more than eleven millions were paid during the week by the Sub-Treasury in this city, namely, $9,933,000 in interest and $1,137,000 in payment of the principal of the bonds of 1848. There was an active borrowing demand for coin, but omjng to these disbursements the supply gradually increased, and on Friday loans were made at rates varying from two to eight per cent per annam for carrying and at 1-64 per cent per diem, as well as “flat.” The ad- vance in the rate of exchange on England for prime bankers’ bills at sixty daya to 110% is favorable toa Brookiyn, last evening, when the former drew ® | very frm market for gold, and the bili for the taxa- led with @ bullet and disc! itat the pistol onde aiid not take effect, Whitman was | tion of interest on United States bonds operates in arresied and locked up in the Forty-third precinct, | the same direction. ; ohn Hail, e member of Engine Company Ko. 21,was | The extreme range of the gold market in the e by the heat yesterday at t fumbia and Pr it atreets, He was conveyed to his home. month of July in each year since the suspension of specie payments is thas shown:— ncis Mackey, @ boy fourteen years of age, re- hest. Lowest, alien at the corner of Grand and Park avenues, 109 was badly burned last evening by some boys throw- 45, 123% ing powder in his face. is 235 222 James Golden, @ member of E: i¢ Company No. + MOM 138 8, was pr the heat while rum- 156M uit ning toa fire. He was taken to the City Hospital. MOK 130 Tae Errects OF TH® HeatT.—Charles Sumner, who was overcome by the heat in Greenwood Ceme- tery on the Fourth, died at his residence, tn Fifteenth street, yesterday. James Cummings, who wag prostrated by the heat at Prospect Park on the Fourth, dled at his residence yesterday, in Underhill avenue, near Bergen street. Several firemen were overcome by the heat on the Fourth while running to fires. The members of the militia organizations suffered atly from the heat during the parade on the morn- fag of the Fourth, and several were taken to their homes on stretchers. The foreign exchange market was steady and moderately active, and leading drawers on Friday asked 110% for their sterling at sixty days, although on the street it was diMcult to sell prime bills at a higher rate than 110%. The ordinary demand from importers and the special demand for bills in remit- tance of the proceeds of five-twenty July coupons sent here for collection make bankers unwilling to draw unless at rates gliowing @ margin for profit on specie shipments against their bills, while the supply of cotton and other commercial bills continues Alexander Coyle, residing = Na gon _ : “4-4 as light as it has been for some months Vanderbilt avenue, was prostrated by the heat on , Clinton street, He was taken to his home by an past. At the close bankers’ bilis on oe officer of the Forty-fourth precinct. at sixty were quoted at 110% @ 110 at three days, 110% a 119%; commercial bills, 1094 @ 109%. Bankers’ bilis on Paris at sixty days, 6.15\ a5.124%. On Berlin—Bankers’, 71% @ 72; on Bre. men, 79% @ 80; on Frankfort, 41; on Amsterdam, 41% @ 41%; om Hamburg, 364 @ 36%; on Ant- werp, 5.13% & 5.12%. ‘The stock market was strong at the close of nusi- ness on Friday at the following quotations:—New York Central, 134% a 1944; Erle, 70% a 70%; Read ing, 97 a 07'¢; Michigan Southern, 91% a 91) land and Pittsburg, 87% a 87%; Roek Island, 105\ a 106%; Northwestern, 77'; @ 77%; do. preferred, 80'5 a 80\; Fort Wayne, 109), a 110; Ohio and Mississippi, 20% a 30; Pacific Mail, 98% a 99; Western Union Tele- graph, 4% a 4%. Government securities were steady at tlie same time, at a slight advance upon the lowest prices fol- lowing the passage of the resolution of the House of Representatives calling upon the Committee Tue Torrepo TRADE OF LONG ISLAND.—Few people, even of those residing where the work is car- ried on, have any adequate idea of the extent to which the business of torpedo making (not the con- trivances which blow up ~ but the little explo- sive pellets which delight the souls of cniidren) is prosecuted in the town of Southold. During the _ month, preliminary to the great national holiday, which is always @ season of extreme activity in the torpedo trade, the steamer Escort has taken to New York on almost every trip @ large number of barrels jacked full of torpedoes put up in packages of one undred, On several occasions she has had on board, shipped by makers in Greenpoint and South- old village, ‘over 10,000,000. It is estimated by com- tent judges that the total number manufactured 4 the town during the past year is between 110,000,000 and 120,000,000, They are sold to whole- salo dealers, who ship them to all parts of the world. So long as they are | dry torpedoes do not deteriorate by age, but on the contrary the volume of sound is increased. They range in price from thirty cents per thousand, or und t which they are sometimes sacrificed by oor and needy makers in the winter season, to | of Ways and Means to prepare a bill taxing the in forty aud fifty cents in the summer. Formerly the | terest on all United States stocks. Until the fate of earn stot torpedoes, bat the war chanued att | the bili in question is decided and the nomination of the Convention now in session becomes known, both investors and speculators will be likely to defer operations; and hence # rather dull and unsettied market ia probable in the interval. If the bill passes the House ® further decline will be the resnit, and, should it beoome a law, prices would settie down per. maneatly to a basis correspondent with the reduced interest, Which would after all be @ half per cent higher on the five-twenties than if the proposition of Senator Sherman to reduce tho interest gm the etx | that, The manufacturers in this town consume an- nually a large amount of sliver, mostly American coin, in preparing the fulminating powder which explodes the torpedo on coming in coritact with ai hard substance; the premium on silver, joined wit! the high price of alcohol, tisaue paper and other ma- terial, at one time reduced the profits of the business to so low @ figute as to cause @ partial suspension, but it has sincg improved considerably. The makera are moatly G ans, ahd are an industrious, fragal class, Whoa labor adds constantly to the wealth and rer of our town.—Greenvort Watokman, per cent bonds to five per gent had becn carried out, If, too, Mr. Pendleton or any one with his financial views is nominated, the temporary effect will be favorable to lower prices for bonds; but if Mr. Ohase or Mr. Hendricks ia nominated an oppe- site imfluence would be exerted, while the nomination of Mr. Qhase and the dofeat of the bill would immediately impart buoyancy tothe market. At the close the quotations were as Subjoined:—Registered, 1831, 112% @ 113; coupom, 1881, 1135¢ @ 11334; 5-20's, registered, 1862, 100 @ 10934; 6-20'a, coupon, 1862, 113 @ 11354; 5-20's, coupom, 1864, 11034 @ 11034; 5-20's, coupon, 1865, 111% @ 111345 5-20's, coupon, 1865, January and July, 108% a 100; 5-20's, coupon, 1867, 108% @ 100; 10-40's, registered, 106% @ 107; 10-40's, coupon, 107 a 10734; June 7.30%, 108% & 10954; July 7.30’s, 108% @ 109; August com- ae 1865, 11834; September do., 118; October do., Me A Boston journal sgys that when the Masaa- chusetts banks became national banking aase- Clations under the laws of the United States, the bills issued under the State laws were called in an@ ® certain time was given for holders of these bills te exchange them for national currency. The com- pletion of this work shows that some of tho banks t= Boston have discovered over issues—one bank to the amount of $12,000; and it is intimated that in another case the over-issue amounted to $20,000. To have detected these over issues in any other mode tham by redeeming the entire circulation would probably have been impossible. There are several ways im which to account for the discrepancy. When ol@ bills were destroyed from time to time some that were charged off might have been overlooked in the process of committing them to the flames; and thea again there is@ possibility that bills in blank wore occasionally abstracted from the possession of the printers, the signatures forged and the paper set afloat. To discover exactly when and how these over issues were made is an impossibility, as mang years may have intervened between that time and this. ‘Tho slupments of specie last week from this port amounted to $3,227,532, of whieh the following are the detaila:— June 30, Holaatia— ‘American gold. American silver Foretgn.. Silver bars. Gold bars June 30, New York — American gold. July 1, Russia— American gold. Gold bars. Stiver bar: Mexican cot July 2, Union— American gold. July 2, Union— American gold. Gold bars. TOTAL... cereeeeccrereeeeee eeeeneeeeceece A book has been recently published in London, ea- titled “British and Foreign Exchanges Theoretically and Practically Considered,” by Ernest Leyd, ta which the following argument in favor of am abundant currency, whether in paper or coin, occurs, and which, although opposed to the theory of the bulliontst, is in the main well founded:— An increase in the circulating medium 1a bene. ficial even where that medium is represented by paper, such as bank notes, state notes, bills of ex- change, &c. Experience has shown that the issue of fresh notes, in paper-issuing States, has @ tend- ency to give an immediate impulse to commerce, in spite of the depreciation to which @ currency is naturally itable. The ext of the United States with their back currency ts conclusive on this point. With the evils connected with auch paper issues and the difficulty to provide for their rédemption we haye no concern here; we simply wish to point out that the direct beneficial effect which,an increase even in this indifferent sert of money is calculated to have on industry and com- merce cannot be denied. How much greater them must the benefit be that may be expected to result “from an increase in the solid circulating medium. The converse surely must hold equally |, there- fore, viz., that the destruction of a considerable por- tion of the existing ciroulating mediul ennibt- lation of part of the world’s capital, cannot but prove injurious to the best and truest interests of mankind; and we are clearly justified in maintaining that the advocates of the single gold standard, by the projected untvereat prohibition of payments tn silver, except in an insignificant amount, would strike a most se rious blow against the advance of civilization and the blessings of social progress. The argument has been used that gold will replace silver because se much more gold is yet expected to be fpund. Woll, let.us welcome these fresh supplies of gold, but thei arrival is surely no reason why we should do away with silver. It is also ai that gold will rise tm value, and this will afford compe monetization of silver. We deny this; gold may, in- deed, rise in value, but certainly not to the extent re- quired to compensate the world for the withdrawal of nigh upon five hundred millions sterling in sitver.\ If money 1a beneficial to the world, and if both and allver are fit materials to represent it, let us to both gold and silver. PRIZE FIGHT. A Four A, M. Sunday Mill on Ward’s Island— Descent of the Police at the Close of the Twenty-Sixth Round—Arrest ef @ne of the Principals and Forty New York Reughs. William Clark and Richard O’Brien are young men unknown to pugilistic fame, but each is am- bittous to win distinction in the fistic art. QConsuma- mate diplomatic skill was exercised in getting ape match between the two. A select few only were les into the secret, and these, with the most punctilious fidelity, avoided letting the affair leak out. The principals are each about twenty years old and they were to fight at catch weights. All the arrange ments—the stakes and choice of seconds, bob tle holders and a referee—having been settiedpem in advance, the party, numbering about sixty. at turee o'clock yesterday morning set forth in car u select ir the fistic piace chosen ft quiet seclusion was equally [oy 4 1e C bore the party in safety to the foot Ninetyceigeth street, Fast river, where they om- barked in row boats for the scene of the coming con- test. The landing on the island was accom. plished without interference. Here the ground driven an@ Tepes ly chosen, the Placed. A few minutes more and einen aod were stripped to the but ‘ive castors shied into the ring, the ind with ing in readiness for tue fray the two shook ia, time was cailed “tne Sant p veramed splendid ohnere were mi proj iy. a. tual knock downs, mutual bloody noses and heada iving mutual marks of the progressive mutual eating as the fight progressed. Twenty-six rounds were fought. It is unnecessary to describe them tm detail, for they were like all similar rounds of prize fights—a continuous succession of barbarous brutal- ity. How long the fight might have continued it is impossible to tell. Neither showed any sign “pres in, of throwing aloft the sponge-the token of defeat. As time was caled for the tweuty seventh round there was an unlooked for interierence—the sudden appear- ance on the ground of a squad of police. This police irruption numbered some thirty men, in charge of Sergeants Snodgrass and Lockwood, of the Twenty- third precinct, who Were shortly reinforced by t arrival of a detachment of the Twelfth precinct police. AS may be tmagined this police arrival produced an immediate ant animated dispersion of the prize ring principals and the attendant erowd. S04 dden, Rowever, was the descent made on them that forty: two of the party were arrested, including Clark, one of the principals. His opponent, O’Brien, had the “1 fortune to escape. some prisoners were taken yesterday before Judge Connolly, of the Fourth District Police Court. Thy were “New York roughs” in giaring epitome. Cla showed severe punishment. His left eye was nearly loosed from its socket and his whole face was c: ered with bruises, He claimed to the Judge th O'Brien was far more punished than himself, and evidently gathered a good deal of consolation from this fact. He was ordered to be committed for ex- aminat His compantons,-such as could flad vail in $400, were released. RRvISION OF TED STATES STaToTes.—Moaars, Johnston and James, Commissioners for revision and consolidation of tie Statutes of the United States, have completed areport, which was submitted to the Senate this morning. They submit as specimens of thetr work their revisions of laws relating to patents, copyrights, the army and public Vey e Com: missioners say their labors were first directed to the investigation snd adopted by other nations for the codification of jaws, They then arranged, 30 far as practicable, the various scattered statu thelr work they report that they found. th necessary their work they rep¢ at they foun to write new statutes on all anbdjects which they hi undertaken, and the arogsese the work is necessa- rily so slow that it will not be possible to complete tt within the limits prescribed by the act authorizing the commission.— Washtngton Star, June 26. Tag Wurat Cror ts Vinginta.—The wheat har. vest has been finished in the region ground Ri Tmond, and the weather has been favorable secaring Oe crop ingood condition. The im, of such farme ra as We have seon since the rR the eo will be b A a expected mon a tue )