The New York Herald Newspaper, April 5, 1869, Page 6

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

6 NEW YORK HERALD BROADWAY AND ANN STREET, Aatioe Dractullealuhot JAMES GORDON BENNETT, PROPRIETOR Letters and packages should be properly sealed. Rejected communications will not be re- turned. — Volume X 3 AMUSEMENTS THIS EVENING. WALLACK'S THEATRE, Broadway and 18th street.— Bou00L, FIFTH A’ 'UE THEATRE, Fifth avenue and Twenty- (ournbereeubha Praiououe ef OLYMPIC THEATRE, Broadway.—Hourry Doxprr, with NEW Frarunes. GRAND orang HOUSE, coruer of Eighth avenue and ‘Sd street.—Tux Txmrewt. ~ BOWERY TITEATRE, BKowery.—THR SEVEN Dwanrs; O%, HARLEQUIN AND THE WORLD OF WONDERS, BOOTH'S THEATRE, 20U at., between Sth and 6th ava— ROMEO AND JULET, WOOD'S MUSEUM AND THEATRE, Thirtieth strect ane Broadway —Av\eruoon aad eveaing Performance, BROADWAY THEATRE, 1 Broadway. —Tus EMERALD ING. NIBLO'S GARDEN, Broadway.—Tam Bugiasqus Ex- TEAVAGANZA OF TUE Forty Tulsvas, WAVERLEY THEATRE, 220 Broadway.—E1izz Hor's Buncesque Company—Ivanuox. THEATRE COMIQUE, 514 Broadway.—Comrc SKETOARS AND LIVING Sia T0Rs—PL010. UNION LEAGUE CLUB ia mig Madison av. and 26th ot. —Tue Facrory Giai—lavine fr Om. ACADEMY OF MUSIC, > Meh ‘street,—G Euan DEAMA— Tisbr. GERMAN STADT THEATRE, Nos. 45 and 47 Bowery.— Dex KaurMan Von VENEDIG. THE TAMMANY, Fourteonth street.—Tam Horsm Ma- RINES, dc. MRS. F. B, CONWAY'S PARK THEATRE, Brooklyn.— ARBAU-NA-POGUZ SAN FRANCISCO MINSTRELS, 585 Broadway.—ETaro- Pian ExTzQtaiNMENTS—SIEGR OF THE BLOND RS. BRYANTS' OPERA HOUSE, Tammany Building, Mth stree,—ETLIOPiAN MANSTRELSY, £0. TONY PASTOR'S OPERA HO 18, 21 Bowery.—Couro Voca.ism, NEGRO MINSTRELSY, &c, NEW YORK CIRCUS, Po: enth atreet.—EQuESTRIAN AND GYMNASTIO ENTERTAIN MENT, STEINWAY HALL, Fourteenth “Baazit arp Ite KEsovuers.” sreet—LzcToRE— HOOLEYS OPRA HO ISB, Mixerur:s—Tar +f Torrves, £0, Brooklyn.—HooLsr's NEW YORK MUSEUM OF ANATOMY, 613 Broadway.— ROMENCE AND Ant. TRI PLE ‘SHEE T. April 5, 1869. = THE HERALD IN BROOKLYN. Notice te Carriers and Newsdealers. Newsszn will in future receive their papers at the Brancn OFriee or tae New Yous Uanaxp, No. 145 Fulton street, Brooklyn. ApvertisemenTs and Svsscrirrions and all letters for the Naw Yor Wenarp will be received as above. Brooxtyn CakRizes AND Taa NEWS. Earepe. The cable telegrams are dated April 4, The Spanish Minister of War has asked the Cortes for @ contingent of 80,000 men for the present year. ‘The Spanish government has made @ request of the French authorities tuat Gonzales Bravo, late Prime Minister to ex-Qneon Isabella, and now living in France, be examined in relation to bis alleged com- Piicity in a plot against the life of Admiral Topete. The aciual demolition of the walls of the fortiess of Luxembourg Las been commenced. Egypt. Adespatch from Alexandria, received in Loudon yesterd. tes that @ plot to assassinate the Viceroy bas been diseovered and frustrated. Several Suspected persons nave been arrested. Mexico, Civil war in the State of Tamaulipas continues to fage wish unabated fury. A party of rebels under Vargas defeated Dscobedo’s troops near Villagrasa, capturing his equipage, arehives and $27,000 in spe- cie, The same purty attacked the city of Linares, but were repulsed with heavy loss. Escobedo’s policy towards the rebels is of the most bloody, re- Jentiess character. Nothing but extermination satis- fies him. He has given orders to have shot all for- eigners who are not provided with passports. Two American traders on their retura from Saltillo to the Rio Grande were robbed by the wilitary, shot and their bodies hung up to the trees Misceflancoas. Consiteratie sickness prevatils in diplomatic cir- Cles at Wa rt The wife of the British Minis- ter has been sutering from an aggravated sore throa’, but is now proaounced out of denger; while the [alian and Swedisi Ministers are both danger- new Teaure JOlee bill entertalued by the two houses of Cc The construction put upon the bill in the Senate is that if no novination ts con- firmed the oiicer suspended resumes his oilice at the end of the session of Cougross; while the House holds that if the President does not send to the Senate a satisfactory nomination then the office becomes vacant at the end of the session. The President has not yet signed the bill; but it is Qaseried that he places the same construction upon the bill as does the Monse, and with this under- Standing, it will receive Lis approval. The order of ihe Treasury Department forbidding the paywent of taxes tn national bank notes the leat Mutilated, no mater Low neatly repaired, bas called forth protests from coltectors, who say it will ve utterly impossible to collect taxes unless thoy can Feceive such national bauk notes as pass current In all business transactions aud aro received on deposit by all bankiag iasiitutions. Presideut Grant bas tenMered to General Sickles the mission to Mexico, Tio nomination will it to the Senate iminediately if Gencral Sickies a the appointment. Jn compliance with a request of the House of Rep- Tesentatives the Secretary of State has furnished a Mist of the vessels captured or destroyed by rebel cruisers during the late war. The list is compiied from documents fied by owners, underwriters and masters Of vessels which bave been destroyed, in support of tacir clatn tor indemnity, Mr, Fabens, the Dominican Envoy, presented to the House Commitice on Foreign Affairs, on Friday, duly authenticated statement of the industrial and financial condition of the Dominican Republic, which ‘Was received w'th much satisfaction, President Baez has appointed Professor Gabbd, of Philadeiphia, Geologist of Sano Domingo, The Pro- fessor will at once commence 4 full mineraiogical and geological survey of that republic, From @ census taken in 1363, under tha Atrection Of Mr. Delmar, Director of the Bureau of Statistics, by the aasessors of incernal revenue, it 1a shown that the white population of the States then numbered 83,291,081; colored, 4,630,842. Total, 37,930,003, ‘The entire popula ion of the States, District of Columbia Gad the Territories amounted to 38,422,995. James Decker, engineer of the tugboat Syracnae, fying at the dock in Hoboken, yesterday morning ‘While atempting to rae a bucket of Water slipped and fell from the deck of the boat into the river and (Was drowned, ‘Tho St, John Safety Fund building, of Phiader NEW YORK HERALD, MONDAY APRIL 5, 1869.—TRIPLE SHEET. Phia, was entered hetween stx o'clock A. M. and six o'clock P. M., yesterday, the safe broken open and its entire contents, amounting to nearly $1,000,000, stolen. Of the stulen property over $600,000 was in grecnbacks. The City. ‘The new Roman Catholic church, St, Bernard’s, in West Thirteenth street, near Tenth avenue, was dedicated to divine service yesterday. Kev, Dr. Starrs, Vicar General of the diocese, oMiciated at the high mass as celebrant, with Rev, Fathers Quinn and Hughes as deacon and sub-deacon. Archbishop McCloskey, with cape, mitre and crozier, occumed the throne and delivered the sermon, The ceremo- nies, led by the Archbishop, were of the most solema and impressive character, While Mr, John E. Faulkner, of 224 Bowery, was on his way home about two o'clock yesterday morn- ing, he encountered four young men, who, upon his refusing to treat them, robbed him of a smail sum of money and @ gold watch. Two of the robbers were arrested om the spot, but the others escaped with their booty. Three sailors entered the barroom of Daniel Gal- vin, 152 Furman street, Brooklyn, lastevening. After partaking of liquor an altercation ensued, whan Galvin drew a pistol and shot one of the party, Damed William Campbell, in the hamd. Galvin was arrested and looked up to await examination. Two shoplifters, Mary Morgan and Ellen Drake, while examining goods at the store No. 360 Bewery, on Saturday, attempted to steal a lot of laces valued at eighty dollars, but were discovered, arrested and yesterday morning were taken before Justice Dodge, who committed them for examination. Prominent Arrivals in the City. £x-Governor J. G. Smith, of Vermont; Comptrol- ler W. F. Allen and James Terwilliger, of Albany, are at the Fifth Avenue Hotel. H. C. Nelson, of the United States Navy; L. S. Huntingdon, of Montreal, and E. Van Allen, of Albany, are at the Hofman House. Captain C. W. Pickering, of the United States Navy, and John B. Alley, of Massachusetts, are at the Astor House. General A. O. Nuffen, of Iilinois; Charles M. Bout- well, of Massachusetts; E. L. Hueston, of the United States Army, and Major James Edwards, of Saratoga, are at the Metropolitan Hotel. J. B. Auger, of Montreal; Theo. A. Roper, of Ten- nessee, and Major J. B. Neal, of Norfolk, Va., are at the Maitpy House, Captain the Hon. Fox Powys, of the Sixty- ninth regiment, British Army; V. H. Cole, of To- ronto, and George P. Bangs, of Boston, are at the Brevoort House. Governor L, Fairchild, of Wisconsin; Ambrosia Valiente, and Bmilio Blanchet, of Cuba, are at the St. Denis Hotel. W. H. McCartney, Collector of Internal Revenue; W. C. Church and H. ©. Nevins, of Boston, are at the Westminster Hotel. Captain the Hon. W. Wara, of the British Legation at Washington, is at the Clarendon Hotel. Prominent Departures. Ex-Postmaster Randall, General Fremont, Mr. Bentley, Congressman Oakes Ames, ©. H. Shelley and J, N. Couréney left yesterday for Washington; Lieutenant Henry Jackson and H. M. Muller, for Philadelphia; Generai Tibbitts, for Troy; A. Van Vechten, for Albany, and J. S, Gideon, for Pitts- burg, The Pacific Railroad—The Quarrel fer the Spoils. The desperate onslaught of Fisk, Jr., to effect an entrance into the Union Pacific Rail- road “‘ring,” and the sturdy defence of those who have passessiou of the spoils, are giving to the public some developments of rare inte- rest. To understand the case it is necessary to examine into the financial formation of that gigantic concern called the Union Pacific Rail- road Company. It was created by Congress in 1862, and in an additional act of 1864 the stupidity of our Congressional lawyers virtually placed in the hands of the company the power to destroy all government interest in the road by allowing an issue of first mortgage bonds to take precedence of the amount per mile given by the original act. The company, therefore, in 1864 found itself in possession of means far more than adequate tothe required purpose of building the road. In the meantime a favored few, principally originators and directors of the company, had been permitted to subscribe to the stock, and, en the surface, a certain percentage of the subscription was called in. The resources, exclusive of capital stock, were, by the com- pany’s own estimate, as follows:— United States bounds on 517 miles, at $18,000 per Milt.............seeeeee esoes $8,272, United Staves bonds on 160 miles, at +++ $29, 328,000 But these 14,080,000 acres of land are and were worth more than one dollar and fifty cents per acre, a3 above estimated; for Congress itself passed an act retusing to sell its own reserved alternate sections for less than two dollars and fifty cents per acre. This price would swell the above amount to $93,856,000, giving $85,323 per mile for the eleven hundred miles—a little more than twice the cost per mile of the railroads of Massachusetts and Ohio, a cost which the Pacific Railroad should not exceed, especially as its maximum gradient is ninety feet to the mile. From the manner in which the road has been built it is probable that, even with the excessive cost of trans- portation, the expenditures have not exceeded the average cost of roads in the States above named. With $85,323 per mile with which to build the road, and the stock already a clear gain, it became a problem with the directors, or stock- holders, as you please, to devise some method | of pocketing whatever surplus of the above amount there might be after deducting the cost of the road. ven with prodigal management, and estimating the cost at $55,322, this surplus could not be less than $30,000 per mile, or about $36,000,000—certainly a most tempting bait for the keen brains that managed it to evade the law and grasp the vast pile. For president and directors to take contracts signed by themselves, for themselves, and at their own prices, would be a manifest breach of law and of New York financial morality which eyen tho United States government could not stan’, espe- cially where so few of its Congressmen and oM- cials were interested. The astute mvnagers, therefore, resorted to the French idea of the Crédit Mobilier, and, to do the business quietly and avoid disagreeable complications and per- sonal responsibility, obtained a charter from the Quaker State of Pennsylvania, The incorpo- rators and stockholders were the same as the Pacific Railroad Company, and this chameleon only changed its color that it might absorb instead of reflect the golden light that shone upon it. To still farther stand withia the pale of the law it was considered best to look for a contractor in Nebraska, and @ Mr. Hoxie con- veniently appeared with a contract for 247 miles of the road. He very naturally, unable to carry out his contract, applied in due time to the Crédit Mobilior for aid, This company loaned him money and became his financial go- between in the transfer of cash from the Union Pacific safe to the safe of the Crédit Mobilier, which it is proven is thesame strong box. The balance of the road has been managed some- what differently. It has been let under con- tract to Oakes Ames and Davis, The former is a member of Congress and has been working hard lately to get the company’s affairs entirely removed to the jurisdiction of the District of Columbia. It appears that every stockholder has an interest in the Ames and Dayis con- tracts—that is, these men represent the Union Pacific Railroad, the Crédit Mobilier, or the contractors, or the stockholders. Quiet citi- zens, who are assessed for taxes, can ‘“‘pay their money and take thair choice.” The con- tracts were thus kept in the family. The great game moved \on to fortune. The stock, for sake of show, had been asseased and paid from one pocket into the other by making enormous dividends from the Crédit Mobilier branch of the company. The safe was not sufficiently large tq hold the plethoric stream which swelled, according to the sworn statement of a director, t $30,000,000 of profits. Here Fisk, Jr., appears on the scene, having probably scented out the game and determined to share the plunder, which looked fatter even than Erie. He subscribed in 1867 for $2,000,000 ofstock, and by some means obtained elsewhere by purchase six shares more. He tendered to the treasurer the cash ostensibly paid in on each share—fifty-five per cent; but the treasurer refused to accept it, for it wonld have given Fisk, Jr. a share in “‘thirty millions” of spoils, which would have restored him his cash with an enormous existing profit and a still greater future one. Ata stockholders’ meeting they also kept Mr. Fisk, Jr., out in the cold upon his six shares of stock, and have, even on this small amount, never let him into the golden “ring.” ‘‘Erie,” therefore, declared war against the Union Crédit Pacific Mobilier Com- pany, and on July 3, 1868, made a startling affidavit before Judge Barnard as to the trans- actions of the concern. This resulted in an injunction against the company, or its two branches, which has finally been productive the litigation which has lately been so promi- nent in our Supreme Court. After a hot con- test among the lawyers, to sec if the case should be removed to the jurisdiction of the United States Courts or retained in our Supreme Court, a receiver has been appointed, additional affidavits made and some startling evidence elicited, going far to confirm the statements above made. Even a United States Commis- sioner is charged with having been bribed with $25,000 to accept the last twenty mile section, so that the plunderers could at once put their hands on the government loan, It is stated also that large detours have been made in the road line for the purpose of increasing the length and thereby swelling the government subsidy. The great contest forthe past few days has been to get possession of the books of the com- pany, and this has finally been done in part by ordering the safe of the company to be forced open. Tho evidence elicited from them is as yet meagre. A long and exhaustive examination will be required to demonstrate the exact condition of the company’s affairs, which, from the general mixture of Crcdit Mobilier, Union Pacific, contractors, directors and stockholders, will give ample food for hungry lawyers, railroad speculators and managers. In the list of the stockholders the name of Fisk, Jr., appears twice, Up to the present moment the developments made are startling, and they show the general features of the most gigantic swindle ever per- petrated under the shadow of the law. The great mistake made in carrying it out has been the leaving of a very few of the minor and unob- trusive stockholders out in the cold in the division of the spoils. Hence the assault of Fisk, Jr., upon their works. In the suit at law it is doubtful if Fisk,.Jr., can prove him- self entitled to more than six shares of stock ; but those six shares are mastera of the princi- ples involved, and may, if well handled by the owner and his lawyers, cause the company to disgorge the milliona they have virtnally plun- dered from the United States people by their eystem of management in the trust confided to them. To increase their gains and pre- pare for the final grand financial stroke, as yet unplayed, it may well bo imagiaed that, upon a thorough engineering examination of the road, it will be found that everything has been sacrificed to the single desire of distance, for through distance the public treasury of the people has been tapped continuously. Itis easy to deceive the politi- cal commissioners with reference to the loca- tion, gradients, curvature, ditching, width of excavations aad embankments, quality of cul- verts, bridgework and general superstructure. The numerous wornout and broken-down loco- motives are the bost proof of the ruinous con- dition of the track, All these things tell us of the necessity of rebuilding the road before it can carry freight to advantage, The money required to put the road in order will not per- mit the payment of the interest on the first mortgage bonds for some years, The holders may, in consequence, foreclose the morigage and cause the government interest, of sixteen, thirty-two and forty-eight thousand dollars per mile, to disappear, The holders of the greater part of these first mortgage bonds are the Union Crédit Pacific Mobilier Company, Con- gressmea, president and directors, stockhold- ers and contractors. Unless tho government looks to the interests of the people ot the United States ia our great Pacific Railroad we may expect to seo it pass, asa clear profit, into the hands of those by whom, under the guise of law, it has been 80 Gleverly manipulated. Tne Snap-Bersy IxDIAN RiNG.—The Chi- cago papers are getting alarmed at the pros- pect of the Philadelphia Quakers running the Indian machine. One of them says :—‘When- ever you sce a man with a shad-bellied coat and a broad-brimmed hat, spot him, Nine times out of ten he will be nothing but an ‘In- dian ring’ in disguise.” New Uses ror tre Constitvtion.—A Western paper affirms that the constitution of the United States is now understood to have been ordained in order to form a more perfect Union, establish justice, insure do- mestic tranquillity, provide for the common defence, promote the general welfare, secure the blessings of liberty and maintain Miss Vinnie Ream in the pig iron business, A Bold National Policy Relative to Cuba. The order of the President to Admiral Moff, in command of our naval forces at Cuba, to protect all American citizens, looks like business and a decided policy. The high- handed outrages on American citizens, to say nothing of the inhuman atrocities and un- civilized mode of warfare of the Spaniards, called for this prompt and decided action of General Grant. But it is to be hoped our government will go farther than this and re- cognize the independence of the Cubans. The resolution reported by the Ilonse Committee on Foreign Affairs should be passed by Con- gress at once, and the President should lose no time in acting upon it, Our countrymen whose interests or convenience compel them to reside temporarily in Cuba are at the pre- sent moment placed in the greatest peril, through the bitter hatred for everything Amer- ican which animates the mob of volunteers now ruling the government and the island. To add to their perplexity diplomatic intercourse in their behalf is denied to our Consul Gen- eral in Havana, and they must either look -for redress in case of wrong to the tardy action of @ government three thousand miles away from the scene or cling to the action of our govern- ment in their behalf. In the emergency it is right and just that our naval commanders should be authorized to interfere in behalf, of our countrymen. There can be no doubt that the people of Cuba desire their independence and are de- termined to acquire it at any cost. This much at least has been developed in the pro- gress of the revolution. That fact alone should be sufficient to call for the sympathy and sup- port of the American government and people, Then the barbarity of the Spaniards in the war calls for the protest or interposition of this neighboring republic, and, indeed, for the pro- test of the whole civilized world. But there is another important reason why the United States should take a bold national policy with regard to Cuba. We have vast interests at stake—a largo trade, and prospectively a much larger one, and a broad American policy to carry out. The opportunity has come, a3 far as regards Cuba, to apply the Monroe doc- trine of excluding, as far as practicable, European Powers from this Continent. What would sucha man as Bismarck do in sucha case? What would the man who seized and annexed the small German States, in carrying out a grand national policy for Prussia, do under such circumstances? What would Na- poleon, England or Russia do? Proclaim the independence of Cuba at once, and, if desirable, annex it. There would be no_ half-way measures or hesitation, What would General Jackson have done—that brave old American who seized Florida, when a colony of Spain, en high national grounds? Let Congress and President Gront take the same high ground and settle the question at onvee Any half-way measures of a quasi recognition of belligereut rights may lead to diplomatic complications with Spain and other European Powers. Gene- ral Grant has done well in his order to Ad- miral Hoff. Let us see if he has the stuff of Bismarck or General Jackson in him to go further, and eettle at once and forever the Cuban question, — Curm anp Revorvers.—The Toledo Blade suggests that if thero are to be many more murders and suicides by weak-brained lovers Cupid musi be pictured with a revolver in his hand instead of the emblematic bow and ar- row. Texas Arrairs IN Conergss.—The Recon- struction Committee have closed the argument in the case of the contending delegations from Texas, and may soon be expected to report. From the testimony of the ab snitio delegates, who oppose the voting on the constitution in July aad clamor for a division of the State, it seems that they have no objection to the constitution itself, nor do they think the pre- sent time the right one to make the division of the State; but they want everything to be set aside because they did not succeed in ruling the recent republican convention in Texas, On the other hand, General Hamilton and a large number of the Texas republicans claim that everything has been obtained that is really desired, andask that they be permitted to reconstruct government there. The response of their opponents is that the consti- tution does not disfranchise enough persons in the State. Our idea is that if a republican form of government can be secured only by sweeping disfranchisement of the people it must be a very curious and contradictory republic, A Brave Orrtoz-Hustae.—The Spencer (Indiana) Journal states thata healthy male patriot is now after the Post Office at that place—at present held and ably administered by a widow who lost three sons in the army, Mvoa Lanor anp SMant Resvits.—The Legislature, which has been in session now nearly sixty working days, has had before it for consideration an average of a hundred bills a day, Ot these only about one for each day has become law. This is a small result of so much work and time, In the remainder of the ses- sion there will doubtless be as many more bills acted upon, in one way or another; but as hundreds of the new ones as well as the old will come under the title of special legislation, they must come also under the ban of Gover- nor Hoffnan, who will dispose of them sum- marily. The sunshine of May is likely to enliven the earth before the present session expires. Maron Hatt is up in Connecticut “lectur- ing.” One would think he had subjects enough around the City Hall, animate and inanimate, to lecture on, without going to the Nutmeg State for material. Tne Poor Rawroap Coxrorations,—Tho directors of nearly all the railroad corpora- tions east and west have declared before the joint committeo of the Legislature that if the pro vata system of carrying freight was adopted the roads in this State would be ruined. Indeed, ono of thom said that it would be equivalent to taking up the rails at once, Now all the symptoms appear to be that the pro rata bill will pass. If so what will the poor railroad men do? Must they all go into the opera business? Seatprp.—The Ottumwa (lowa) Courier had a new kind of obituary of Andy Johnson— what the Chicago Post calls not only original, but aboriginal, It scalped the deceased, Statement of the Public Debt. The new Secretary of the Treasury, in mak- ing out the monthly statemeat of the publio debt, has marshalled his figures in a way some- what differeat from that of his predecessor. The principal difference is that Mr. McCulloch included the bonds issued to the Paeitio Rail- road and its branchos as a part of the debt, and that Mr. Boutwell doos not so include them, but appends a separate table simply showing how much these bonds amount to and what interest has been paid on them, Now it may be said that this is the samo thing and is no! worthy of notice; but that would be a mistake. Mr, McCulloch was right and acted honestly in adding the bonds issued to the Paciilo Railroad to the debt, for they uro ao part of the debt. The government is bound for both the principal and interest, and in all probability will have to pay the whole if they be ever paid. Mr. Boutwell seems desirous of covering up the important fact that the national debt is inoreasing all the time through the issue of these bonds, by en- deavoring to make it appear that they are merely a loan, and that another parvy and not the government is responsible. Over fifty-six millions in bonds have been issued already, and the government is bound for the whole. Talk about the Paciflo railroad companies ever paying the principal of this debt; why, they do not begin, and we suppose never will begin, to pay the interest. There is now over four mil- lions of accrued interest, and all that the gov- ernment has received has been about one mil- lion three hundred thousand. But this amouat the government would never have got had it not been taken out in transportation of troops, supplies, and so forth. After deduct- ing these charges against the government as payment in part of interest on the bonds there still remains a balance of interest due of over two millions eight hundred thousand dollars. The fact is, these Pacific railroads, though valuable and necessary works, are a fraud upon the government and public. Their bonds are as much a part of tho national debt as the five-twenties, for if ever paid they will have to be paid by the government, Mr. Boutwell is only throwing dust in the eyes of the people by endeavoring to represent them in any other light. Fisk on Gramwar.—Fisk wants to have certain passages in one of the numberless Pacific Railroad papers ‘‘parsed” for his bene- fit, and so that he can understand it. We wish some one would parse the whole story from beginning to end, if that will make it any easier to understand ; but we fear it will not. It could not make it worse than it is. Mr. Boutwells Sma@ Sine aNp THE ALBANY PentTEn- tiany.—In spite of the opposition to the em- ployment of convicts at mechanical labor, the bill proposing to transfer a hundred convicts trom Sieg Sing Prison to the Albany Peniten- tiary has passed the Legislature. There are many reasons why this measure should be adopted. First, the State Prison is crowded far beyond its capacity or its means of keep- ing the inmates in proper subjection, Again, the late disgraceful scene enacted there, ter- minating in the death of an unfortunate pri- soner, althongh the Coroner's jury could find no murder in it, has not escaped public cen- sure, and proclaims loudly against the bad discipline of that prison, Lastly, thero is plenty of accommodation in the Penitentiary, which is reputed to be the best managed insti- tution of the kind in the country. The fact that the convicts so transferred may be en- gaged to aid the contract system which pre- vails in the Albany Prison, to the detriment of the mechanical classes, is a poor argument against the voice of humanity. Let a hundred convicts, then, or five hundred, if necessary, be sent from the overcrowded den at Sing Sing to more convenient and safe keeping gt Albany. No Joxe.—One of the Indian ring in Wash- ington the other day was required to sub- scribe to an oath, and was asked if he had any mental reservation. He replied no, but that he had his eye upon a very fine Indian reser- vation in Dacotah. Oventne A Sare.—That was a qnoer scene ina financial story that transpired the other day in front of the safe of the Pacific Railroad Company, where sledge hammers, drills and muscle came in as part of the material of an argument between bankers. Strange have been the changes that have taken place in the experience of men endeavoring to secure valu- ables. The earliest “bank” was a oave near the city, and the city funds and valuables were made safe therein by the mere weight of the stone that closed the mouth of the cave, Thieves did not go in strength to move it, and the citizens did. From that original, by way of all the devices and tricks of locks and keys, wo seem to have come again to the mere re- sistance and dead weight of matter. ANOTHER “Girt ENTERPRISE. —Andy Jobn- son calls Grant's Cabinet a gift enterprise, by which he means that it ls not a paying concern. Ix tom Cask oF Loncsraust treason is made infamous by putting it into a collector's office in New Orleans, where nearly every- thing else is and always has been infamous. Such a confirmation, despite the protests of men 80 different as Cameron, Sumner and Brownlow, is not, we fanoy, the Senate's answer, yea or nay, as to the status of former rebels, but it is a demonstration of Grant's strength in the Senate. that this day he is expected to do his duty, his whole duty, anda little more than his duty. Men of the Land of Steady Habits! Remember that one vote may save your liberties, your children’s liberties, and the liberties of your ebildren’s childron—except niggers and Indians not taxed, . Vote early—not oftener than you find it necossary—and after the battle has been fought and won go home early and leave skyrocket whiskey to the vanquished, Gaxreat Grant's Pivox.—The Chicago Tribune says whether General Grant signs the Tenure of Office bill or not ‘‘it is hardly pos- sible that he can approveit.” If signing the bill is not the act of approval whatis it? Tere is an opportunity for General Grant to show his pluck and join issue with Congress on the absolute repeal of the wholo odious and insult- ing law, Now Clty Railroads in Prospect. If the good nature and good humor of the members of Assembly which characterized their last evening session on Friday ‘should continue very long we would be likely to be overrun with city railroads, and all the nu- merous schemes for gridironing the city which are now before the Legislature would probably prove successful. In the exuberance of the hour many railroad bills that had been drag- ging through the House in the face of re- peated opposition were rushed, almost with- out question, to a third reading dn that occasion, The bill for the One Hundred and Twenty-fifth street road was one of these, an amendment providing that when the profits shall exceed ten per ceait on the capital actually paid in the surplus shall be applied to the support of schools in New York city, being voted down bya large majority. The Elevated Uppor Tier Railroad was another of the lucky ones that went through without op- position. The country roads came in for their share of the beneficent mood of the members, The Plattsburg and Whitehall road, which had been fighting a stormy battle sinee the com- mencement of the session, was passed quite amiably, together with an appropriation of threo hundred and sixty-five thousand dollars, to be paid at the rate of five thousand dollars for every mile finished. The Washingtoa and Buffalo road, carrying an appropriation of two bundred and fifty thousand dollars, went the same way. In fact, Friday might be ealled railroad day in the House, and Good Friday for the railroad jobbers. The Senate hes still in hand the Broadway Surface road, with strong probabilities of its passage. @nanex.—The Louisville Courier-Journa’ saya the negro is as much a chattel as he was before the war; that then he belonged to the white man, but now he belongs to the Devil. A Western paper thinks that may be true and still the negro’s condition be improved. A Hanpsomz AoknowLRpeMEnt.—The Richmond Zaguirer states that its exchanges throughout Virginia, at every point where troops have been stationed, refer to their departure in kindly terms and speak of the mutual regrets expressed by the soldiers and citizens. The moaning of this is that the rank and file of Gonoral Stoneman’s regiment have been taught by his high example to attend to the duties of the soldier, for which they wore sent there, aud to leave politics and local inte~ rests alone, A Mayor mw A NoursHELt.—Recently a stranger in Wabash, Ind., addressed a little fellow whom he met “Bub,” and inquired where the Post Office was. “Bub” happened to be Mayor of the city, but he gave the de- sired information. . A Goop Law.—The Michigan Legislatu: has passed a law to punish the careless use of firearms, whieh provides for the fine and im- prisonment of any porson who shall aim, though without malice, any firearm at another,. Here in New York it is difficult to punish a maa who uses them with all the malice of his nature, ANAROHY ON THE MexioaN Frontier.— Our ‘letter from Monterey, published in another column, presents a fearful state of anarchy and blood as prevailing on the south side of the Rio Grande, accompanied with the usual persecution of American gitizens, The day that we cross the Rio Grande and extend peace and personal security te the Panuco will be hailed by the real people of Tamaulipas as a day of deliverance from their butchering leaders, who are a blot upon the age they live in. Aspyr Jounson anp Grant's Capinet.— Andy Johnson ealls Grant's a ‘‘gift enterprise Cabinet.” On the same prinolple we suppose Johnson's Cabiaet might have been called a “mook auction” Cabinet, from the number of sham real estate sales it engaged in, A Sovruzen Sointiniatioy.—A Southern Faper—we are glad to observe that our South- ern contemporaries are resuming their good humor, even to the making of excruciating conundrums-~says there is no doubt about the fact of Gencral Grant having great Northerm lights in his Cabinet, for it is well known he has the Hoar-y-Borie-alis there! Tho Merchants ond the Postal Telegraph. The growth of commerce is vitally depen- dont upon facilities for the communication of intelligence and the distribution of merclan- dise. To this is owing the striking fact, everywhere witnessed among civilized nations, that while population increases, we will say, in arithmetical ratio, trade augments in geo metrical ratio. This figure of speech may perhaps convey a little more than we mean; but every well informed merchant will admit the fact that within the field of his personal experience, while . population may have at most doubled, trade with the same locality has increased in somo fourfold, in some tenfold and in some even @ hundred-fold; and this result is owing to facilities of supply and ro- turn under the rule of steam and electricity, It is in consonance with this known law that the advantages which the proposed soheme of a postal telegraph holds out to trade are of vital interest and importance to every merchant. Tho proposition, as set forth in the scheme now before the Committee on Post Offices and Post Roads of the Senate, is not sufliciently broad and comprehensive ia its plan to meet a truly American view of the needs and abilities of our future; but under the light thrown upon the quostion by disens- sion in the press the legislative mind has made great progress, and we do not doubt that it will advance still further in the right direction if proporly assisted and stimulated by the live merchants of the day, The pro- sent proposition is to transmit letters by tele~ graph at the rate of one cent per word for every five hundred miles, This limit has the twang of the Old World, not the spirit of the New, in it, Five hundred miles to the Kuropean is a vast space, It carries him far beyond the boundaries of his own country into the unknown regions of foreign lands. But to an American five hundred miles is nothing. It is only our next door neighbor. We have letters from him every day of yester- day's date, What wo want of the postal tole~ graph is to get letters from those who aro be= yond him—a thousand miles, two thousand miles, three thousand miles away ; and on open-

Other pages from this issue: