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4 NEW YORK HERALD BROADWAY AND ANN STREET, GORDON BENNETT, PROPRIETOR JAMES All business or news letter and telegraphic despatches must be addressed New York Hetatp. Letters and packages should be properly sealed. Rejected communications will not be re- turned. THE DAILY HERALD, published every day in the year. Four cents per copy. Annual subscription price $14. THE WEEKLY MERALD, every Saturday, at Five CENTS per copy. Annual subscription pric One Copy. Three Copies Dive Copies. NIBLO'S GARDEN.—Banar Bieve. NEW YORK THEATRE —FOuL Puay. OLYMPIC THEATRE. Broadway.—Humpry Duxpry. WALLACK’S THEAT Broadway and 13th strect.— Fing Fix. dway.—Fout Pray. Mth Tammany Bu Vocaiisx. NEG? THEATRE COMIQUE Away.—E1torran Eo- OnNTRICLIIFS, Come V 0. CENTRAL PARK GAL Seventh avenue.—PoroLan Ganprn Concer, MRS, F. B. CONY REuy & Lion's B 8 PARK THEATRE, Brooklyn.— WIUPIAN MINSTRELSY, do, HOOLEY’S OPERA HO: Mcxsrexis—Orrea Bourre, | NEW YORK MUSEUM OF ANATOMY, 618 Brogdway.— 8 OR AND ACT. Brooktyn.—Hoorrx'a TRovarork, w York, Friday, Angust 28, 18 EUROPE. The news report by the Atlantic cable is dated yesterday evening, August 27. THE NEWS. | © 201 Bowory.—Couro | | Admiral Farragut entertained the Turkish Minlr« | ters and foreign Ambassadors to Turkey on board the Franklin. Archbishop Manning, of Westmin- ster, wiil, It 19 said, be made acardinal. The sale of the Paris Figaro newspaper on the street is pro- hibited. Denmark will not adopt the decima! sys- tem of coinage. Portugal seeks a new loan and will fortify Lisbon. American hay, sold at auction in Liverpool, brought only half the price of English hay of like quality. leon is to visit the camp at Chalons. Turkish troops have a bands in Bulgaria. Consols, 943; for money. Five-twenties, 7114 in London and 75 in Frankfort. Paris Bourse firm. Cotton buoyant, with middling uplands at 11d, Breadstuffs tending upward. Provisions quiet, and _ With little change. MISCELLANEOUS, General Rosecrans left White Sulphur Springs yea. terday after a parting interview with the Southern leaders. Genera! Lee has given his views as to the feelings of the Southern people in writing, and the correspondence, Which will probably be published s00n, is given in substance. General Lee thinks the Southern people are ardently longing for a return to the old Union and constitution, and that they will treat the negroes kindly from motives of setf-interest 5 well as the dictates of humanity. Mr. James B. Campbell has arrived In Washington with his petition from the people of Charleston, S. C., for further military protection, and has had interviews with the President, Secretary Schofield and General Rawlings. The President is understood to have assured him that he would send more troops zain engaged insurrectionary to that city. An old gentieman named Patrick Dicke had his pocket picked in a Seventh avenue car yesterday of $15,000 in five-twenty bonds. He immediately dis- covered the thief, wlio was captured after a sharp Oisticuff, and proved to be an old offender cailed “Duteb Heinrichs.” man Coman. We have telegraphic advices from Venezuela to the 7th inst. The + ale of Puerto Cabello was continued and the city was invested, but the siege essing slowly. \lvices by telegraph from St. Domingo re- nt the whole country in revolt against Baez. A resolution was offered by Mr. Noble in the Loutsi- ana Legislature a few days ago Inquiring into certain charges against Governor Wamoth, but it waa de- feated. A counter resolution was offered yesterday inquiring into the intentions of Mr. Noble, whether twalicious or otherwise, in proposing such an inquiry. A private dinner was given to the Chinese Embassy He was committed by Alder- at Point Shirley yesterday by a member of an Ameri- | can house in China, at wich the guests wainly con- | sisted of gentlemen connected with the Qhinese | trade, (°%. disease has broken out among the Brookiyn | Street car horses and ten out of thirty-three have died since Monday. It is supposed to be a spinal disease, not contagious ge Gilbert, of the Brooklyn Supreme Court, son Pavement Company for work done on Clinton st The case will be carried to the Court of Apt General Hunter in a publishe name headed the petition to the Preadeat recom. mending Mrs. Surratt to merer, 2 Commisstoner Rollins has tustracted detectives tn the employ of his bureau to act as aupervieors in certain cases until appointments for the omee are made, Perry Fuller has been appolnted Collector of Cas toms at New Orleans, in place of W. P. Keliogy elected to the United states Senate. é {fn the Georgia Legislature yesterday the warm discussion on the right of negroes to sit as members was continued, a motion to reconsider the vote on the minority report being agreed to, No further action, however, was taken on the subject, , BA railroad collision oecurred at Holyoke, Masa, yesterday on the long. bridge over the Connectout river, One man Was killed and five Injured. The trial of Whalen on the charge of murdering D'Arcy McGee ts to come off soon at Ottawa, Canada, and government detectives say Gescription of several l’enian head centres who are to be present, In the Supreme Court, chambers, before Judge Harnard yesterday, the prisoners Moore, Hickey and | ® come card states that hia | they have full | ssion of the outrage | | Xew orteans at three P. MC. on the 20th inst., from | pler 12 North river, ‘The Black Star Independent line steamer Thames, Captain Pennington, will sail for Savannah to- morrow (Saturday), at three o'clock precisely, leav- | tug pier 13 North river, | ‘The stock market was dui! and vartable yesterday. Government securities were strong and active and | closed with an upward tendency, Gold closed at | 14536 @ 14554. | The Leiter of Treasurer Spluuer on the National Finances. | Mr. Treasurer Spinner never fails to mount | his financial hobby whenever an opportunity is | afforded. We naturally expect, therefore, | every month or two an exposition of his views, | The last ‘‘letter” which is going the round of | the papers is in reply to citizen of Boston who had sent the Treasurer a ten dollar green- back note and demanded payment for it in | specie, Of course this little piece of innocent acting was well understood by both the “citizen” and Mr, Spinner, and was intended to give the latter the opportunity he desired to spread himself before the public. The United States Treasurer is a very respectable old fogy of the red tape order and a great friend of the bondholders. However, he is not quite as ignorant or impenetrable to light as Mr. McCulloch, and he shows some gleams of intel- ligence on the subject of our finances and the national bank system. Of course Mr. Spinner refused the demand of the Boston cilizen for gold, though on the face of the greenback ten dollar note sent was stamped ‘he United States promise to pay to the bearer ten dollars,” because, as he says, his ‘‘office is simply executive,” and he has “no power save to carry out the mandates of | law as passed by Congress.” He adds that “by the acts of February 25 and July 11, 1863, the note on which you demand payment in gold is made a lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on im- ports and interest upon bonds.” He then says that ‘‘in the absence of judicial decisions against the constitutionality of these laws I am constrained to obey them in their letter and spirit.” The Treasurer could not decide otherwise, and he ought to have left the matter just there. But in this reference to judicial decisions against the constitutionality of the Legal Ten- der acts and in his voluntary assertion that the “giving of one irredeemable obligation for an- other, as has been proposed for the redemp- tion of the public debt, is no payment at all,” he has stepped further than he had any right | to go, and presumes to decide a question upon which public sentiment as well as the ablest consiitutional lawyers are against him. Hoe has a very narrow view of the question, and as the Treasurer of the United States he should not have touched it. He evidently implies that nothing but specie can be the constitutional money of the country. His views tend to disturb our existing monetary system and the credit of the government. If it were possible to carry them out by the judiciary declaring the Legal Tender acts unconstitutional, or by any other means, that would cause such uni- versal consternation, embarrassment and re- vulsion as was never known before, How- ever, that is not possible, If these acts were of doubtful constitution- ality their validity could not now be disturbed. The Supreme Court could never be brought to such a decision. But there is nothing in the constitution forbidding Congress from emitting bills of credit or from making anything money or a legal tender, be it gold, silver, iron, nickel or paper. Congress is simply author- ized ‘“‘to coin money, regulate the value thereof, and of foreign coin.” The several States aro prohibited, in section ten, article one, from emitting bills of credit or from making anything but gold and silver coin a payment in tender of debts, but nowhere is the federal government prohibited. Congress has just as much power to make money out of paper as it has out of metal, or as it has to declare how much the metals shall be mixed or alloyed in certain coins. The laws of Con- gress and the stamp of the government make anything money and a legal tender. If Mr. Spinner’s theory were admitted it would be tahiamount to declaring the government and republic insolvent, and that might lead the people to take advantage of an insolvent’s con- dition and settle with the public creditor by compromise, Does Mr. Spinner understand this? Does he know where he is driving to? Do the bondholders, whose advocate he is, comprehend the tendency of such a theory ? As might have been expected, Mr. Spinner urges tho immediate resumption of specie pay- | ments; for that would add to the wealth of the bondholders and to the burdens of the people thirty to forty per cent. He thinks the credit of the government would be vastly improved by that. It might be abroad, and our bonds might go over the Atlantic in such quantities that we should have to find a hundred millions or more in gold every year to pay inlerest to foreign bondholders, But would not the enor- mous taxation, with less means to pay it under | restricted specie currency, And this vast drain of the precious metals abroad break ' down the Industry and taxpayers of the coun- ‘try? He, like all the school of resumptionists, | begins at the wrong end. The way to reach specie payments is to get rid of as much of the debt as currency depreciated. If economy in the gov- | ernment be practised and the debt be put under | a process of liquidation we shall reach specie payments gradually and as svon as that would be desirable. As Spinner is not fur from being right when he says it should be made free to all, and that | contribute to the public burdens, Nor is he wrong when he intimates that these pet institutions under the present system may some day experience a terrible collapse. He does alway thea ay night last, were | nto court on havea® corpus Application | Hot see, however, all the evils of this monstrous pag refused until a certideate of the condi: | monopoly. Ile does not show us how twenty- jo. of the .. ounded men w m le sn, . f mien 1 five millions a year could be saved to the nip City o! , Captain Mire: | 45 Ne urday) for Q an mali will ¢ rat one P. town and Livery Post Ofice a National line steam ) n, will gall fre ter urday, tl rat Queenstown to li at the mi the 200h. Denmark, Captair rth river att Tow le, of the ‘eet from + at people and government by simply withdrawing the national bank currency and making the banks use instead legal tenders, the money of the people, Mr, Spinner has mistaken his vo- cation. Ie is not @ statesman nor @ man capable of instructing the public on financial matters, Ile ia merely a routine official, with ed ideas. We recommend him to confine himself henceforth to shovelling out greenbacks to his fellow officials and govern- vory contr iniship Crescent City, Captain William | Ment clalinants, and to let the subject of ue Mocciiauts’ Jive, will be despatched jor | national finance alone, 4 ossible while money is easy and the | to tho national bank system, Mr. | the banks should be made to | NEW YORK HERALD, FRIDAY, AUGUST 28, 1868. The Pacifico Railroad. This great enterprise is progressing with considerable rapidity, as may be secon by our correspondent’s accounts of its progress, from tho highest points of the mountains in Wyoming Territory, which we published yesterday. The track isbeing laid at the rate of from five to eight miles a day, and it appears that the eastern portions of the road, which were rather hurriedly constructed, are being carefully overhauled, the ties replaced and the bridges and culverts supported by stone cod ee was much needed, as in many places the cross- ings at the small ravines and creeks were in a very shaky condition, being sustained simply by banks of sod, which suggested constant danger to the traveller. There can hardly be any limit fixed to the value which the Pacific Railroad is destined to become to the country. When completed it will leave the great cities of the Western ‘States in the centre of our civilization. Our two frontier towns will one of these days be New York and San Francisco, the heart of the republic will lie between, while commerce will for a thousand years to come hold its throne in the metropolis of the the people in the little mushroom and mov- able towns on the Plains speak of the cities of St. Louis, Cincinnati and Chicago as “away back east.” Their faces are turned towards the western shore, whither the Pacific Railroad leads their interests and points out their future. A new market for tho products of our far Western States and Territories is yet to be found in Asia, and when our pending com- mercial relations with China and Japan are perfected, as they soon will be, the Pacific Ocean will become an easy highway for our commerce to the great centres of Asiatic trade. It is thus, as a grand connecting link between the Atlantic and Pacific, that the value of the Pacific Railroad to California is, as we have said, beyond limit. And, apart from the foreign trade with which it will bring us into immediate connection, we have to consider the vast tract of territory which has to be supplied with all the wants of man; the growing settle- ments, with their families of pioneers, the rising towns which in the necessities of prairie travel must spring up, even though they vanish as civilization and tho railroad get ahead of them, and follow upon the track of these twin agents of progress, But in proportion as this road becomes an imporiant enterprise so does it become incum- bent upon the government to see that it does not assume the form of an oppressive monopoly. Congress has been liberal in its appropriations to the Union Pacitic Rail- road, both in money and lands—so liberal, indeed, that it may be said to have been built so far at no greater cost than the subsidies voted by Congress will cover, and at little or no expense at all to the company itself. The public, therefore, are entitled to some advan- tages, and it should be the duty of Congress to put a wholesome check upon the manage- ment of the road as regards the regulation of freight and passenger fare and the proper con- struction of the track, so as to insure safe, cheap and speedy travel. The company should be held strictly to the terms of its compact. It should not be permitted, for instance, to run the line several miles out of the direct track in order to save the expense of bridging a ravine or cutting through a mound, while at the same time it is drawing its subsidy of sixteen thousand dollars per mile for the extra distance, as surveyed, amounting in some cases to seventeen miles in a hundred. All these things Congress should look after, as well as ascertaining whether the commissioners of its own appointment are faithfully perform- ing their duty in examining the road and reporting thereon. The Pacific Railroad is an enterprise of too much importance to the gen eral public, which is praying for its construc- tion, to be permitted to fall into the hands of monopolists, as it is likely to do if Congress does not keep a sharp lookout after iis man- agement. What with the generous subsidies and the grants of land which are clear profit to the company, it is a very paying concern, and the public have a right to expect their share of the advantages arising from it in safe and cheap travel, The Troubles in the South—A September Session of Congress. The impression is gathering strength at Washington that the troubles which it is | alleged threaten a bloody conflict between the whites and blacks in the reconstructed South- ern States will bring together again the two | houses of Congress on the 21st of September. Reports multiply from Southern radical mem- bers of Congress, newspapers and clectioneer- ing politicians of murders of negroes and loyal whites by the Ku Klux Klan and their political allies in nearly all the cotton States. Moreover, it is inferred that the recent orders from the War Office indicate a policy on the part of the administration, in the absence of | Congress, which will render necessary the ins ae of Congress itself in order to pro- vido for the maintenance of peace in the reconstructed States in the November elec- tion. Now this is a yery important matter. There is evidently neither 9 feeling of har- mony nor @ sense of security between the two races In said States, and we are culled to meet | the question, why not? Why is it that in Louisiana, for example, one of the States reconstructed and restored | on the terms laid down by Congress, there is no peace? It is because a large b ‘the people are inclined to revolt, as a los. resort, | against this plan of reconstruction, resting as | it does upon the radical safeguard of negro supremacy. But why should « portion of | those people bo inclined to revolt against this | thing, when by the constitutional amendment, | article fourteen, cach State is left free to regu- late the law of suffrage for itself? It is be- cause, the State being in possession of the blacks, there is no telling when a State con- vention may be obtained to change the exist- ing law of suffrage. ence in Louisiana, and more or less in all the reconstructed States, there are developments of the bitterest hos- tility to these laws of reconstruction. This feeling among the responsible labor-employing whites has been 40 far developed that they have undertaken, by invitations and induce- that their future safely depends upon their voting down the rule of the ‘‘carpet-baggers.” It would appear, too, that so far has this policy alseady prevailed among the blacks Atlantic and the Pacific coasts. Even now | that the radicals despair of carrying more than two or three of the seven reconstructed and restored rebel States. Hence these appeals of Southern radical Congressmen and their followers for a September session of Congress ; and as the fortunes of the republican party may turn in November upon the Southern balance of power, we are prepared for the reassembling of Congress in September and for a few more radical checks and balances in the way of Southern reconstruction, The Contest in Maine—Senator Wilson’s Speech at Bangor. Woe publish to-day interesting portions of the speech delivered at Bangor, Maine, yesterday, by Senator Wilson, of Massachusetts. A few days since we published an abstract of the re- marks of Mr. Pendleton, of Ohio, in the same place. The former is the true representative and champion of radical republicanism in the New England States, and the latter the true representative and champion of radical de- mocracy in the Western States. By this po- litical conflict at arms between the champions of the rival houses upon the soil of Maine we may infer that the adherents of both look to the result of the approaching election in that State as almost practically sojtling the ques- tion of the ponding Presidential canvass. But in looking over the speeches of Mr. Pendleton and Mr. Wilson, as delivered for the purpose of influencing the opinions of the Maine voters, we find that both fall short of he real issues before the people. Pendleton | takes the Western view in regard to the sitn- ation and Wilson the Eastern periscope. They both lose sight, especially Wilson, of the sentiments animating the popular heart. The Western is in advance of the New England champion on this score. Yet, we repeat, nei- ther touches the mainspring that regalates the political watchworks of the voters of the Pine Tree State. There was more actual sen- timent in the mottoos upon the transparencies carried ina recent democratic procession in Maine than in all the platitudes, special pleas, oratorical extravagances and school-boy nar- rations of facts well known to the public by either or all of the stump speakers that have yetspoken in Maine during the present can- vass, The men and voters of Maine look first at the prostration of their great source of prosperity—the ship-building interest. They look again at the general prostration of busi- ness. Then follows a solemn recognition of the fact that they are, even in these dull times, taxed enormously when they are illy pre- pared to bear the burden. They reason to themselves that these taxes would be less onerous if the people of the whole country bore them share and share alike. They do not like ments and by warnings, to convince the blacks | the idea that while the millionnaire, with his hundreds of thousands invested in United States securities, pays no tax upon them, nearly every shred of hemp, every pound iron, every inch of timber, every atom of every- thing required to build a ship is taxed so out- rageously as to drive the business from the State and to send it to the more liberal shores of the British in Nova Scotia, Hence, as in 1852, when an avalanche of popular opinion hurled Maine into the support of Pierce, the democratic candidate for the Presidency, so avill the people of that State go now, in 1868, for the democratic candidates, Those people don’t like Seymour, nor Blair, nor the demo- cratic platform—all are to them unsatisfactory ; but they will swallow each, and all to have restored to them the prosperity of former years, Therefore, when stump orators go to Maine for the purpose of influencing the vote of Maine in the State election on the 14th proximo, they should remember these facts and govern themselves accordingly. Minister Jolinson’s Reception by Disracli— Progress of Our Diplomacy in England, Minister Reverdy Johnson, after enjoying a very cordial and respectful reception from the English people at Southampton and in London, has had o personal interview with Premier Disraeli in audience at Hughenden. The time for the presontation of the new envoy of the United States to Queen Victoria was arranged on that occasion, and there is little doubt but that Mr. Johnson read to the head of the British Cabinet a rough draft of the address which he intends to deliver to her Majesty, and that Mr. Disraeli intimated to our repre- sentative the tenor and tone of the reply of the Court. This instant and satisfactory progress, this talking over the situation in a friendly way, is not only complimentary to the American nation, but shows forth the estimate which has been formed in England of Mr. Johnson's talent, probity and character as a public man andgeatleman. In the present aspect of our relations with Great Britain Minister Johnson is the “‘right man inthe right place,” and, being so, his path has heen made easy and his way clear to the throne from the very commencement, Our special correspondent in London intimates, indeed, in his letter published in the Herany yesterday, that business of 4 very delicate and interesting character had been transacted between the two statesmen even before the special meeting at Hughenden, and that the troublesome and perplexing court breeches , question has already been disposed of and will no longer present a source of embarrass- ment to our Minister in bis communications with the sovereign of England. Mr. Johnson, aware of the worries and delicate perplexities which occurred to the late General Scott, the deceased ex-l’resident Buchanan, as well as to ex-Minisier Adams, by means of pantaloons and ‘‘unavoidable circumstances,” availed himself, no doubt, of the occasion to submit to Mr. Disracli that ata moment when all Eng- land was en dishabillé owing to the extraor- dinary heat of the weather, and when in the law courts judges and lawyers had trenched on the constitution by throwing off their huge wigs of horse hair, and found that they possessed just as much brains without them as before, the British people would come to be regarded as avery “‘siill-necked generation” should they stand too rigidly on an ‘‘old clo’” form of etiquette with the more juvenile branch of the Anglo-Saxon race, so that Premier Dis- raeli, who is not personally given so much to the use of ‘‘purple and fine linen” as were many of his distinguished ancestors, consented to take the court breeches, shad-bellied vest and gilt- | flapped coat from the ‘‘peg” in our case and lay them “‘on the shelf” for a noxt customer, Our London correspondent assures us that the matter bas been disposed of in sugh an effec- rte eneeeeeneennceeneneeetinennnennsit tual way that Minister Johnson ixay, if he 60 choose, appear at Buckingham Pisco in @ shooting jacket—a step of democratio sevolu- tionism which we are quite certain will never enter his head. It is a great national privilege to enjoy the right, however, and after such a graceful con- cession on the part of Mr, Disraeli it is very likely that Mr. Johnson and himself will shortly meet again at Hughenden and figure up the Alabama claims bill, the Premier draw- ing a draft on the Treasury for the amount andour Minister exchanging a receipt duly stamped. There is no need of arbitration in the matter. Englandcan take her time and hand the cash to Mr. Johnson, in plain citizen dreas, when convenient, The Caso of Mrs. Surratt—General Munter’s Statement. General Hunter, in reply to a newspaper statement that he was the only member of the military court that tried the Lincoln assassi- nation conspirators who refused to sign the petition for the pardon of Mrs. Surratt, says :— “My name headed the list of members of the commission recommending Mrs. Surratt to the President, and I have always looked with utter contempt on the execution of this poor woman, excusing at the same time thousands of rebel mon who so much more richly deserved hanging.” General Butler has said that this Woman was unjustly executed. Mr. Bingham, the prosecuting attorney, says that he drew up the petition to the President in her behalf; and so, after all, the responsibility in this matter would seem to rest upon the President himself, When it is remembered, however, that from the verdict of the court the woman was guilty, that the gonspiracy involved the assassination of Mr. Johnson, and that a reign of popular wrath and of terror and mystery prevailed in Washington and all over the country at the time, the refusal of the President to listen to any petition in behalf of Mra, Surratt is not surprising. Te was governed by the necessity of a terrible example for a terrible crime. General Hunter's ‘“‘contempt,” nevertheless, touches the President, while his reference to the ‘thousands of rebel men who more richly deserved hanging” than this “poor woman” seems to us to reflect upon the mag- nanimity of General Grant towards his rebel prisoners. In short, General Hunter, like General Butler, has expressed his con- tempt and indignation in this matter somewhat too sharply. In righting himself he was not called upon to condemn other parties concerned in the responsibilities of this awful execution. Latest Aspect of the White Sulphur Con- ference. From all the reports of the late meeting between General Rosecrans and the lead- ing generals of the late Southern confede- racy at the West Virginia White Sulphur Springs, that meeting was the result of an understanding and covered a political design. The understanding has been traced by some parties to the White House, and the design is given out as a conservative pronunciamento from those leading Southern generals in be- half of Seymour and Blair. One or two repub- lican journals have discovered that General Rosecrans has a heavy account outstanding against General Grant, growing out of the dis- placement of Rosecrans from his command after his disastrous battle of Chicamanga; that, therefore, Rosecrans is fired with an extraordi- nary zeal in the cause of Seymour, and that being, after all, a shrewd man in strategy, he has contrived this meeting with General Lee and company in order to get from them a political manifesto ofa character so conciliatory towards the North as to neutralize the violent and foolish fire-eating harangues of Generals Wade Hampton, Forrest, Pike and Admiral Semmes and others of that sort. We place very little reliance upon these conjectures; for conjectures they are, and nothing more. They are somewhat plausible, but they are likely to turn out utterly groundless. A proclamation, at all events, on the political situation, from such Southern men as Generals Lee, Long- street and Beauregard, and Alexander H. Stephens, and the rest of those at the West Virginia White Sulphur Springs, is not a bad idea, although it would probably be as well for them to keep perfectly quiet yet | awhile if their object is the election of Seymour. eee Toe ALurcep Frauporent Bonp at THE Treasury DerartmEeNt.—The curious cireum- stance of n-thirty Treasury bond which had been twice rejected as counterfeit at the Treasury Department in Washington on pre- vions occasions within the past six years having been pronounced genuine by General Spinner, the cashier and other officials, and re- deemed on Monday, suggests the idea that there must be either some very export and skilful counterfeiters abroad or that the experts in the Treasury Department must be unquaiified for their business, There have been frequent rumors that a large amount of bonds in the hands of bondholders were counterfeits. We have heard from time to time of extensive frauds in the bond business, both in the Treasury De- partment and out of it. We think ft is about tin? that there was a general overhauling of the whole coagern. If the acumen of the Trea- sury Department is not equal to the task of de- ciding whether a bond is genuine or counter- feit there can be very little confidence on the part of the holders of bonds as to whether their property is worth anything or is mere trash, The matter should be sifted to the bottom. Tax Por axo tue Kerrig—The World and the Democrat, or Monsieur Mantilini call- ing Brick Pomeroy black. DISEASE AMONG THE HORSES OF THE BROOKLYN CITY RAIL~ ROAD COMPANY, A disease has broken out among the horses of the Brooklyn City Railroad Company, at the stadles situated on Fulton street, near the Taliroad office at the ferry. The symptoms which first made their appearance among these horses at that stable on Monday morning last were partial paralysis, the animals rejecting water or food of any description, the muscles of the throat being flabby and relaxed, Veterinary surgeons were sum- moned, who pronounced it to be a disease of the brain and spinai column, and to be of an epidemis form, a species of malaria, which is not, however, infections or contagious, A post-mortem examina. ne of the horses was made on Wednesday lat, wien the spinal cord was found U» be much dis+ | eased and covered with tubercles. $a far ten horses ut » thirty-three haye died, . Ihe tecunical tare “ot this disease, which Is Confined to the horses Kept at the stable in which appeared, ls cerebro. spinal meningitis. CITY POLITICS. dlpdanchaplanadeane: Seymour aud Bluir Club, Sixth Congrossional District, ‘The usual meeting of tnis club was held Inst even- = le deere gape: ris Bighth avenue, Mr. Dew order delivered a riet nae Oe meee oe to the current politica! topica, having boon delivered by me: club, proceedings were brought to The Thirteenth Ward 4 Last evening a Seymour and Blair meeting was held at 470 Grand street, largely statin, aba a which resolutions were adopted pledging the organt- zation of the ward to further by all means the deme gratio nasina an tata Hokemee and to stand nomin: » 4 the Fog ations, ‘There was cor Seymour and Blair in the Eighteenth Ward. The “red hot’? boys of the Eighteenth ward turned out in force last evening at their headquar- ters, corner of Nineteenth street and First avenue, to complete their organization and to take measures for efiecvually join ng in ali and every demonstrasiom: and movement calculated to advance the prosperity of the neminess of the party—Seymour aad Blair, ‘There was & good night’s work done. Meeting of the Empire Club of the Twentioth ‘Ward. Sixty-nine democrats assembled in the back room of NO, 1,307 Broadway last evening tu response to the cail of Thomas Cullum, of the Emptro Club, and dur ing two hours listened to stirring addresses trom General George C, Rogers, of Chicago, and Colonel Anson, of Califor : eo gentiemen were severe regarding rad le, charging Congress and the prominent republicans of the country with all thas is vile in legisiation. in thei opinion the existence of tis republic rested on (he election of seymour and blair, Twellth Ward Seymour and Diair Associae tion. A regular weekly meeting of this association, which numbers some six hundred members, was j held last evening at the corner of 122d street and Third avenue. Mr, James G. Beebe, the president, wh» occ ied the chair, made a brief preliminary speech Y\ronsly advocating the c'aims of Seymour &ud Bia upon the’ suffrages of the peoplo as tae nbn thed a sories of resolutions endorsing the nomination of Seymour and Blair, and pledging the support of {ne i rs of tha a8 Ocaition a3 In fact of the entire dei at the ensuimg election, The resol thusiastically adop.ed aud great euthusiasia marked the whole proceedings, The Grant and Colfax Cinb, The membets of the Grant and Coliax Club of the Seventeenth ward met last evening at the Cooper Union. There was aiarge attendance, Tle prince pal business of the meeting was to enrol names of new meimbers joining. A brief address was delivered by the president, wiio congratulated the club upon the strength of their organization, ‘Tae meeting ad- journed in good order. German Grant and Colfax Club. A German Grant and Colfax Ciub held a méeting last evening at 161 Attoraey street, The attendance comp:ised about a score of members. Mr. Yung presided, The various speakers delivered them. se.ves in & conversational Way upon the "mportance ofthe Presidential campaign and the necessity im- posed upon republicans to exert themselves during the few remaining months before tyg sd of Novem. ber. No furiner accessions to the strength of the club were gained last evening. First Assembly Grant and Colfax Club. The First Assembly Grant and Colfax Campaiga Club held a meeting last evening at their headquar- ters, No. 141 Hudson street, Mr. Thos. Cutwater ta the chair and Mr. Edward Bryne oMciating a3 sec retary. The Committee on Rooms having reported progress @ resolution was passed endorsing the nomination of Graut and Collax tor vhe o:ttoes of President and Vice President and Griswold for Gov. ernor. The President of the ciub was tien appointed. a committee of one to raise funds for the purchase of atransparency, Ihe meeting was anything but @ “live” one, but a visitor reported the existence of @ Grant and Coliax Cub im some other district, the members of which were “working like beavers” — probably meaning that they were doing their u.mogt to dain the torrent of democracy which threatens to sweep everything before it next fall, Boys in Blue General Commiittec. The Major Bullard split of the regular Twenty. second street General Committee met last evening at No. 24 Cooper Institute, The Major occupied the chair and Colonel Pullman, of the Righty-fourth rogiment militia, served as secretary. Major Bullard indulged im remarks denunciatory of the Republican General Commitiee, and Wisved it distinccly under- stood that his ‘committee was an indepen, dent body, and that the Republican General Committee had Leiter let tie boys in bine alone and heal their own differences. General Laws rence, of the rival committee, was severely critl cised. A commitiee on by-.aws was continued until next meeting. The Committee on Kooms were given full power to secure permaneat accommodations fur the committee. A committee of three on credentials were appointed, and 4 resolution to attend tle meek ing of the Veteran Reserve Club on the Lith of September in a body was adopted, The meeting then adjourned, BROOKLYN POLITICS. The Democracy of the Twenticth Ward. A large meeting of the democracy of the Tweaticth ward was held last evening at No. Myrtio ave- nuo, under the auspices of the Twentieth Ward Sey- mour and Blair Club, Previous to the organization of the meeting a large banner, bearing the names of the candidates and with the motto, ‘Let every Stave regulate ites own saffrage,” was s1 mided across the street. Ex-Governor Lowe was calied to tne and specohes were nade by Mayor Kalbi Ss vr Pierce, Wm, KE. Robinson, Stepuen trander and overs. A Republican Meeting. Chauncey M. Depew addressed a republican ineet. held under the auspices of the Ceutral Uniea », at the corner of Fulton and Concord streets, last evening. He spoke of the difference whiok characterized the proceedings of the two conven. tions, the one held in Chicago and the other in New York. The delegates to tae Convention at Tam: Hall never had so good an opportunity to gain high esteem of # patriotic peopie as tuoy at that time, but they did not improve it, At the Convention in Meme a ba Proceed- ings were harmonious, while at the Convention st Tammany Hall it was trouble and contention for days and finally a gig! ~ for the rebels, Kyery man who took part in the Convention at Chicago will number it a8 a provd day in his life, The s; then reverred to the dnances of the country, —_ undeg the republican administration, gave chee et to Ail Classes, for the interest of the national jebt of $146,000,000 was now down to #95,000,! Yet every step of the government had been o| by the de nocratic party. The speaker continned for some further length speaking powerfully upon the merits and demerits of the opposing candulates, when the meeiing adjourned, YACHTING NOTES, Prizon Awarded by the Brooklyn Yactt (inb. On Wednesday evening the members of the Brook. lyn Yacht Ciub asse™bled at their headquarters on Court street for the anny of distributing the rizes won by the yachts{h the Union regatta of june ae tne. awards made ere a8 follows:—to the sloop Apollo, Dr. Fry, was awarded a silver tray; to the Muskadeed, Mr. Farman, a gold medai aud ea oll painifag; to the sloop MAttic, J. Elisworth, Ke> yonne Yacht Club, a gol! medal; to the Alice a binna- cle, compass and a handsome. otl painting, Tae medals, which are chaste in design and skiltully en- raved, bear on the right side an appropriate Le 4 ton, and wy the reverse an exact drawing of vessel to whose prowess in speed its owner owes his successful competition in the regatta, ‘The yacht Phantom, yesterday afternoon, salte® from New London for New York. PICNIC OF ST. STEPHEN'S CiUACH. Jones’ Wood yesterday was peopled with over twe thousand children, dressed in the roves of purity, who had been escorted there by policemen and friends, The occasion was a picnie of St. Stephens church, the grand proceeds being devoted to the roe therance of the project of bailding an asyium 4 the orphans of the parish. thers J. Me: 4 a J. Barly, Birdsell, James inn, ©. MeCré ve Loughlin, J. Fitzsiinmons and Turner were Se 2 ing the committee of arrangomenty oo making the rs pass pleasantly to the \. — In tho afternoon hundreds of the “ i bers of both sexes gathere Lm PF —4 form, and in response | to etree ae tripped the ‘tight fantastic’ to Oe eee aon might As @ diversion a boat race be ‘elon has omseives the Columbia and Bxcels! an Ne Sourse MEOW INC » The cout ok. ar hk of pleasant length, but Columbias fouled thoi opponents, beautiful stand of co.oTs, Ac.—was jovner Se oes ean Hooley St. Stephen's 1 Soei OE what it Was to be aad, and nono without expressions of joy at Wie leit the ground Mt aged.