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6 NEW YORK HERALD BROADWAY AND A) JAMES GORDON BENNETT, PROPRIETOR. Allbusiness or news letter and telegraphic despatches must be addressed New York HERALD. Letters and packages should be properly sealed, Rejected communications will not be re- turned. Volume XXXIV.......... AMUSEMENTS THIS EVENING. OLYMPIC THEATRE, Broadway.—Hicoory DiccorY DooK. WAVERLEY THEATRE. 720 Broadway.—PY@MaLton— Tot ON PARLE FRANCAIS, WOOD'S MUSEUM AND THEATRE, Thirtieth street and Broadway.—Afiernoon and eveuing Performance, THE TAMMANY, Fourteenth street.—ROBINSON CRUSOR anp His Man FRipay, & ROOTH'S THEATRE, 28st. between Sth and 6th ave.— OTHELLO, NIBLO'S GARDEN, Broadway.—Tur BuRLEsque Ex- TRAVAGANZA OF THE FoRTY THIEVES. FIFTH AVENUE THEATRE, Fifth avenue and Twenty- fourth street.—BARBE BLEUE. WALLACK'S THEATRE, Broadway and 18:h street.— Caste. GRAND OPERA HOUSE, corner of Eighth avenue and fod street.—Toe TEMPEST. GERMAN STADT THEATRE, Nos. 45 and 47 Bowery— RiLEY'S IMPERIAL JAPANESE TROUPE. RS. F. B. CONWAY'S PARK THEATRE, Brooklyn.— PLAYING WITH Fine. i THEATRE COMIQUE, 514 Broadway.—CoMIo SKETCOES AND LIVING STATUES—PL.C10. BOWERY THEATRE, Bowery.-DoG oF THE OLD ToL. Houst—Losr in Lonpo: CENTRAL PARK GARDEN, 66th sts.—POruLaR GaRDEN C av. between Seth and Kt. SAN FRANCISCO MINSTRELS, 585 Broadway.—ETa10- PiaN ENTERTAINMENTS—THE UNBLEACHED BLONDES. BRYANTS’ OPERA HOUSE, Tammany Building, Mth street.—Ernrortan MINS ‘ke. TONY PASTOR'S OPERA o Vocatism, NEGRO MINSTRELSY, EMPIRE CITY RINK, corner 3d ay., 63d and 64th sts, — GRanp ConoERt, &c. STEINWAY HALL, Fourteenth street.—LEcTURE BY Cart. M.J. O'ROURKE, “SWORDS AND SWORDSMANSHIP.”” iE, 201 Bowery.—Comro HOOLEY'’S OPERA HOUSE, MINSTERLS—COCO's FROLIC. NEW YORK MUSEUM OF ANATOMY, 613 Broadway.— SCIENCE AND Ant. TRIPLE SHEET. Brooklyn.—Hoo.ar’s THE HERALD IN BROOKLYN. Notice to Carriers Newsdealers. BRookuyN Canniers anp Newswen will in future receive their papers at the Brancu OFrrice or THE New York Herat, No. 145 Fulton street, Brooklyn. ADVERTISEMENTS letters for the New Yore ieceived as above. THE NAWS. and Sunscriprions and all Heraip will be Europe. The cable despatches are dated May 17. Mr. Reverdy Johnson has been invited to a fare- well banquet by the Corporation of Southampton previous to his departure for America. It is the opinion in London that the French government secretly fomented the political discontent in Paris with @ view to some ulterior design. The Spanish Cortes fears @ civil war, and is consequently in favor of a regency. The Cortes also declares that ‘the sovereignty 1s essentially in the nation, from which all power emanates.” The Swiss authorities prohibit Mazzini from liv- ing in any Cauton bordering on Florence or Italy. Paraguay. Advices by the cable state that nothing had been heard in Rio Janeiro of the reported arrival of Min- ister McMahon at Asuncion. On the contrary, it ‘was reported that Lopez detains him tn the interior by force. Mexico. NEW YORK HERALD, TUESDAY, MAY 18, 1869.—TRIPLE SHERT. A. Brown, all demoorate, and Anthony Campbell, @} and we mean to stand on our dignity. republican, The Board of Police Commissioners met again yea- terday to elect a president, but a3 Mr. Heary Smith Was absent nothing was done. ; Joseph Annable, the American citizen who was seized by the Spaniards on board the schooner Lizzie Major, off Kemedios, Cuba, is in this city, pressing a claim for damages against the Spanish government. He has made a statement of the circumstances to the Umited States District Attorney. Great Britain and Europe generally but im- perfectly understand our position. They have some idea that we are not what we were at the time of the Revolution, and that we have grown somewhat since 1812. They know that a great civil war has taken place within our borders; that out of that war we have somewhat successfully come; but the Policeman John Conners was on trial in the Court of General Sessions yesterday for assaulting one John Conroy. The evidence showed that Conners had accosted and was following a young lady named Nellie King. She met Conroy, with whom she had an appointment, at the corner of Grand and Eliza- beth streets, and the policeman struck case was adjourned until to-day. In the United States Commissioners’ Court yester- conviction seems to be more or less general in Europe, but particularly strong in England, that the crippling effects of the war are still lingering in the midst of us, It is a noteworthy circumstance that, though other European him. The | countries offended, our quarrel is specially with Great Britain. We think of her, and we day, before Commissioner Osborn, William ©. Parker, | Cannot help it, as the great offender, Great John M. Bruce, James H. Robinson, Benyamin Sif- | Britain and the United States to-day sustain pe Bd Pas pocrel ma, hago ERE i to each other very much the same relations 01 wi java the Second, | ¢), were charged with the murder of John W. Jones on i aly oe ann bi _—_ oe d g-gn the high seas, on the 7th of May, 1868. The exami- nation stands adjourned. other. We are the great rival nations of The steamship Westphalia, Captain Schwensen, | modera times. We are powerful both. We will leave Hoboken at two o'clock this afternoon for | are each more or less consciously striving for psa ee fg bie eopeutlas. pea the mastery of theworld. The British empire the Post Office at twelve o'clock noon. is immense. Its wealth is enormous. It has colonies large as empires in almost all The Inman line steamship City of Cork, Captain a Lockhead, will leave pier No, 45 North river at eleven | climes and under all skies. For offensive and defensive purposes it is perhaps the most o'clock this forenoon for Liverpool via Queenstown, calli t Halifax, N. S., toland and el aus set ee NINES Tc Fh SOS Ba SRS TACNT Ey dangerous unit in the shape of a nation now in existence. In the case of most nations war and passengers. ‘The steamship Nevada, Captain Wilitams, will sait from pier 46 North river, at twelve M. to-morrow, | with such a Power would be something terrible 19th inst., for Liverpool, calung at Queenstown to to contemplate. Fortunately for us, however, land passengers, . we are in a position different from that of any other people. We are no longer a handful of people scattered over a continent. We have Tue market for beef cattle yesterday was without activity, the demand being light, and, though the of- grown and spread until the Continent is ours, not only in name, but almost literally in | ferings were only moderate, prices were heavy at the following quotations:—Extra quality, 16!¢c. a 163¢¢.; prime, 153:c. a 16c.; fair to good, 14c, @ 15c., and inferior to ordinary, 10c. a 133c. Milch cows were ee dull and heavy for common, but moderately active | fact. The now completed Pacific Railroad for good. Prime and extra were quoted at $90a | scarcely leaves a chance for any rival Power $150 each, fair to good at $75 a $85 and inferior to | in the northern section of this Continent to common at $45 a $70. Veal calves were only mod- | maintain a ten years’ existence. The fate of erately sought after, and heavy at 10, a 11}sc. for Ae oh ae ar i Tete! tis conamen eo ‘and | Mexico in the south and of the New Dominion 6c. a 734c. for inferior. Sheep were slow of sale, | in the north are already virtually sealed. A and prices were weak at 74¢. a 8c. for | little time only is required to make prime and extra sheared, 6c. a 7c. forcommon | yg a unit from the Gulf to the to good do., Sc. @ $40. for inferior do., and 64¢. ® | Northern Sea, from the Atlantic to the Pacific. jo93,C. for inferior to extra new shorn. Swine were ie SOME Bi firmer, though the demand was light. We quote:— | Europe, year by year, is pouring her surplus Heavy prime 103,c., fair to good 10%<c. a 10%c., and | population in upon us by thousands and tens inferior to common 10c. a 103, of thousands. To the nations of Eastern Asia Prominent Arrivals in the City. we already bulk out as the great outcome Captain Samuel Brooks, of steamer City of Brook- | and advance guard of Western civilization. eee hte <r a regen a nen America, in fact, is already a Power, and a ie St. icholas Hotel. . Senator Trumbull, of [uinois, is at the Fifth ay. | Stet Power, in Asia. It is a characteristic, enue Hotel. too, of this country, that all who come to it Paymaster R. C. Spalding, of the Unitea States | cling to it and are willing to fight for it. Our Navy, pend 5. F. Tappan, of Nevada, are at the Hort | country is the home of the people, the outpost man House. hi a Congressman B. F. Butler, of Massachusetts; Judge 2 ones ppc “a one! pall oe es Schaeffer, of New York; Captain G, B, Raymond, of | ‘ish-speaking civilization. In us Great Britain Bordentown, N. J., and R. McCormick, of Arizona, | has repeated and outgrown herself. She are at the Astor House. can scarcely grow greater than she Colonel J. Townsend, of New York; Major J. H. is. The chances are all against her. Dixon, of Illinois, and State Senators Folger and Crowley, ot New York, are at the Metropolitan Hotel. J. Lothrop Motley, Minister to England, and Mr. It is safe to say she must decrease and we must increase. Limits to our growth— A. Badeau, secretary, are at the Brevoort House. who shall ‘describe them? Our situa- Benjamin F. French, of Washington; R. Reade, of | tion asa people is totally unprecedented. We soae Warne Sachs gas of Rhode Island, are | patie all experience and defy all history. We Thomas Russell, Collector of the Port, and Captain | »ave no desire that Great Britain should ever J. M. Doliver, of Boston, and Colonel Farrand, of | at our hands suffer as Carthage suffered at the Washington, are at the Westmoreland Hotel. hands of Rome; but we have no hesitation in Prominent Departures, saying that for ages to come the great republic Ruaten Bey xe Mr. Wyatt, for Washington; Colo- | of the West is, on a grander scale, to repeat the nel A. W arwick, for Galveston, Texas; Mr. D. Freed- | fle of the grandest republic and the grandest porasinepagiar aa oo. for Boston, and A. | empire which in the past the world has known. We have no fear of war. We have no reason to have any. Unlike most of the nations of Europe—unlike Great Britain particularly—we are equal to our wants. Our resources are on a scale commensurate with all our necessities, Our Relations with England. Senator Sumner has great reason to be proud. He may have his faulta, his vanities paar scghis eae png Se We have corn and wine and oil and cotton, too, it is impossible to refuse to admit that he has | rich abundance. War with England would been successful in touching the national heart | Prov? ® more potent seas Oy Sapaesten besa? and giving expression to the national character and industry than the most bigoted protection- in the matter of a great international question iy aver Creamed of inhingad detceagal eka ina manner which has not been equalled by = bel vu pi eet bere eet any American statesman of this generation. oes o rarotinng maaan te leering He has been a watchful observer of our late South, East and West—to make us a self- war, @ watchful observer of all the questions dependent people. = all. she “violence of the to which the war gave birth; but since the British press, we again say, we can look with ene at a til th contempt. sp hapersddac df hae sd coat selon, pen, and war would be a blessing. War is the worst that could hap- Minister Rosecrans will go to San Fraucisco when | Tecent speech, he has been singularly Se relieved. Congress is still in session. Seven Judges | Teticent. With a wisdom not to be! ay Exaspue.—General Thomas refuses to have been arraigned before it for various offences. | condemned he has been biding his i A 7 neretaro is threatening revolution. Loada, in| time, He hae not waited in vain” The fix the price of his services to the aation, and Jalisco, remains significantly quiet. The outbreak én Sinaloa has been subdued owing to the death of Palacios. The Indians are devastating Sonora, Chihuahua and Nuevo Leon. Mr. Schlosser, com- mercial agent of the North German Confederation, has been o/fisially recognized by the gouernment. ; Vancouver's Island. ‘The Engiish gunboat Sparrowhawk has arrived at Victoria with six Indian prisoners, supposed to have murdered ‘he crew of the John Bright. One of them acknowledged the deed, Pm, itt Miscellaneous. Secretary Fish and the President have agreed upon Yhe written instructions which are to be gives to Mr. Motley for his guidance as Minister to England. ‘The portion relative to the Alabama claims is under- ?tood to be based substantially on Mr. Sumner’s ‘speech. Mr. Fish favored a more moderate tone, but the President thought that the people demanded a firm stand in the matter and so overruled the Sec- retary. ‘The quarterly statement of the receipts and ex- Denditures of the government for the quarter ending March 31, show the receipts to have been $138,175,654, while the expenditures were $157,778,305, Sedor Casanova, who has been a prisoner in Cuba for some time, has arrived in Washington. He and bis two sons are urging the Secretary of State to prevent the confiscation of their property by the Spanish authorities. The crevasse below New Orie: is increasing, and a now channel is said to be forming ‘rom the river to the lake, ‘The levees above the city are also re- ported to be in a precarious condition. Chief Justice Chase has decided that the smali notes, to the amount of $100,000, issued by the city of Richmond @uring the war cannot be redeemed, as they were issued to aid the rebellion. The Legisia- ture which authorized their issue was, however, a de facto Legisiature, and entitled to authorize the lesne. ‘ The first through passenger train over the Pacific Railroad arrived at Omaba on Saturday, with about 600 passengers, Gen. Sickies’ commission as Minister to Spain has beon signed by the President. Fifteen hundred Sunday schoo! children paraded in Washington yesteruay, and were received in the Fast Room by President Grant, who made a short speech to them. A proposition made originally to parade aii the Protestant Sunday schools was de- feated on account’of the negro schools. Three little children, two boys and a girl, the oldest only five years of age, disappeared in Cleve- jana, Ohio, on Saturday afternoon, and after a @earch thronghout the city that jasted until Sunday night their bodies were discovered buried several foet under a sliding sand bank. A Board of OMcers, with General Mepowell ag president, has been ordered to assemble in New York city on the 18th inst. to examine General Ba deau for retirement. The City. emphatically declines the latest valuation—a time has come, and Senator Sumner has | service of silver. Old George holds his lines spoken out with a fulness, a clearness and an gallantly. emphasis which have proved at once cheering nner? and refreshing. He saw, as every true Tak GoveRNMENT Privrée AND THE Print- American saw, the Machiavelian trickeries of | #ks’ Usioy.—Mr. Clapp, the government Seward. He had patience with the bibulous, | printer in Washington, says, according to a loquacious and other good-natured propensities | Washington correspondent, that he “considers of Minister Johnson. But he knew that the | it absurd that a government institution should sentiments of Minister Johnson were not the | be controlled by any union.” He meant the sentiments of the American people. time he spoke out, and for the first time in four years the thirty odd millions of the Ameri- can people found their undivided sentiments on one great question fairly and fully ex- pressed by an acknowledged statesman, and for the first time since the war Great Britain In due | Printers’ Union, not what the South once called the ‘‘old wreck.” In any case it may be a wreck of matter in order to prevent the colored journeyman from being either pressed in or crushed out, Isa aNp Cotorep Mey.—The Irish Re- has felt the force of the young giant of the | Publican Association in Washington has passed West and been shaken out of her equanimity. We knew the time would come, and Sumner has now justified the course of the Heratp. Since the delivery of this great speech be- fore the Senate of the United States we have watched the course of the British press, official and non-official. We have yielded up our space to editorial articles from British- journals, and have been at the expense of special telegrams to obtain the same, and now, | after some weeks of waiting, we are in a posi- tion to know what British sentiment is. Some journals admit that Great Britain was in the wrong and that she must submit to the inevita- ble. Other journals—and these are in the majority—think that Great Britain has done all she can to repair the wrong, if wrong there was, and that as the United States have rather offensively closed the door the British | governinent has no choice but wait until | Brother Jonathan, or Uncle Sam, opens the door and shows returning signs of reason and common sense. An extreme class of British journals dimly hint at war, and with Jobn Bullish proclivities leave to be inferred proba- | ble consequences. In other words, there is a gentle threat given, as gently as John Bull could be expected to give anything involving results so momentous. | We speak the sentiments of the American people when we say that the tone of the British press does not alarm us; that, on the contrary, we look on all the fuss and fume and fury with some indifference and a large amount of contempt, and that no amount of 1 of Pilot Commissioners have com. met woviug the shad poles in the North river, The board of Fire Commissioners for Brooklyn Consists of ugh MeLaughun, Fred. Massey, William violence on the part of the British press or on the part of British statesmen will disturb our purpose or shake us out of our fixed resolu- tion, We know who aad what we are, aresolution favoring ‘the appointment of a competent colored man on the general ticket.” This is progress, but which wa: Gesxpoat Opgrations.—Our amiable Span- ish friends of Cuba are doing a very sensible thing just now. They have made a contract with a well known iron manufacturing firm of New York for the constraction of thirty hand- some and fast steam gunboats, which are to be ready in ninety days. These steamers are to be of about two hundred tons burden each, to be armed with one large gun amidships, and to have a light draught of water to enable them to cruise among the cays and shallow waters of the coast of Cuba after symy. ° cers, filibusters and other curious fish. \ wader- stand that certain leading filibusters have al- ready an eye on these boats, with a view to appropriating them to uses not contemplated by our amiable neighbors. We advise them to refrain from all vain longings, for Uncle Sam will have « tse for them as soon as the ap- proaching annexation of Cuba is consummated, They will make excellent cutters of Secretary Boutwell’s revenne fleet, Post OFricg.—How about the 0 What has become ot it ? latest difficulty in the way? Power has been given to change the site, and this no doubt gives another chance to manipulate the whole affair, Isit to be as big a job as the Court House? and when shall the public know more about it? Just now, in the first stage of its existence, we know that the Post Office i¢ a cheese, and that it must be nibbled at by all the rate—national, State and municipal. When will it cease to be acheese aud begia to be a Post Oflice? w Post What is the A Heavy Failure in Wall Street. The folly of rash speculation is again shown by a heavy failure in Wall street, or, to be more precise, Exchange place. The sum in deficit is said to range from a million to a mil- lion and a half of dollars, the result of a “bear” speculation in gold principally. The history of the bankrupt firm shows that they were originally doing a legitimate shipping and commission business, but gradually emerged into the character of bankers and brokers as well, They straddled too many horses In their acrobatic feat in the arena of Wall street, and in the wild whirl of speculation became giddy and reckless. The crash would have come weeks ago had they not, according to rumor, stayed it by a desperate game of “double or quits.” It came ‘‘double,” however, and their losses are correspondingly larger. Gold was excited over the occurrence and advanced nearly three per cent. Governments were drooping, under the apprehension of the effect in Europe. In the Stock Exchange the news came near producing a panic. There was great commotion during the forenoon and a decline of from one to three per cent; but the excitement subsided and prices recovered. In fact, with the incentive to investment in rail- way property created by the completion of the Pacific route it is difficult to disturb or discon- cert operators in the stock market. In the first essay of this line to the Pacific it will reap large earnings through the heavy passenger traffic East and West, and through the experi- mental freight traffic which will result from the endeavor to ascertain whether the over- land route cannot be made as cheap a way of transportation as the two oceans and the Panama isthmus. The connecting railway lines will share in this increase of earnings, and hence it is difficult to shake the speculative faith. Railway stocks are the feature of Wall street. If they are firm they go a great way to- ward making all around them buoyant. Should the experiment of the Pacific route prove a failure it will be the signal for a tumble in railway shares and a grand crash in all sorts of stocks. Southern State Indebtedness and the Carpet- bag Legislatures. It is demonstrable as a problem in geometry that the credit of our different State govern- ments should keep pace with the appreciation of the national credit. We do not find this to be the case, however, with the bonds of our Southern States when compared either with Northern securities or with government five- twenties. The reason is to be found in the fact that they are in the hands of speculating Legislatures, who have frittered away the little money in the State treasuries instead of applying it to the payment of interest. These carpet-baggers have little or no interest in the welfare of the people among whom they are sojourning further than to make the most money possible out of them. If they can get possession of the stock of a railway they issue State bonds for its aid or relief, and so heap up the State indebtedness. The past due interest is left to care for itself or is paid by the pawnbrokerage of new bonds. The securities of our Southern States are far below their real value. Their oppressive, speculating lawmakers sit brooding upon their credit and warn away legitimate investment. With the advantages which the whole region of the South possesses for becoming wealthy, not only through its agricultural products of cotton, tobacco and sugar, but through its immense water power and manufacturing facilities, it ought to rival the Eastern States, and its credit be as good as that of Massachusetts. The South is the present sufferer from the cor- ruption of those who thus control its State governments. When these same men come in their turn to Congress and take part in the law- making of the whole country we shall find them well trained for the undertaking of gigantic jobs and swindles similar to the Pacific Railway and the whiskey frauds, Strikes In the Coal Mince—The Last Humbug. Coal capitalists find that strikes pay. No more refreshing spectacle can be imagined for the student of political economy, puzzling his brains as to what can ever be done with this great, blind, unreasoning force of striking la- bor; he cannot fancy so humorous a figure as is presented by a great dealer in coal while a strike “rages” in the mines in Pennsylvania. This ‘‘distressed” capitalist laughs at it. He rubs his hands with glee, would dance anything less than a hornpipe, and only excludes a horn- pipe on account of his fat. He revels in the strike. Nay, he gets it up. He manceuvres it. And why? It sends up prices. News of a strike in Pennsylvania excuses and justifies the addition of fifty cents or a dollar a ton to all on hand. So when he gets a particularly large quantity on hand, and the season becomes milder, when all things concur to put prices down, behold there is a strike and prices may be kept up. This is only one of the ways in which the strike is useful—not to labor, but to capital. We call attention to the cool style in which this matter is discussed from the point of view of the coal men in an article elsewhere given from a Pennsylvania sheet. It is worthy of note that the special trouble just now is that the miners will not strike, as they have agreed to. This is another phase of the refractory character of labor. The Opera at the Catacombs, The opera ‘‘Lurline,” by the late William Vincent Wallace, is full of graceful melodies, It may be that these melodies are so numerous as to interfere with the general effect which an opera should produce. They perhaps divert too much of the attention which an opera as a whole should attract. Notwithstanding the brilliancy, the fervor, the melodious wealth and the masterly instrumentation of ‘‘Larline,” and, we must in justice add, the excellent orchestral accompaniment with which the opera has been brought out at the Academy of Music, it has, unfortunately, proved a failure, There seems, indeed, to be a certain fatality which clings to the execution of any master- plece whatever at the ill-fated “Catacombs.” No change of artists succeeds in breaking the spell which tyrannically condemns to failure every attempt to revive the opera in the vast, cavernous recesses of the building which seems to have been dedicated as a tomb to ite memory on Fourteenth street. Alexander Fisk, Jr., after conquering world after world, Bristol steamboats, Erie Railroads, opéras bouffer. ond all the rest, has here fouad, we fear, his predestined Babylon. We are sorry for him, But he has linked his fortunes at last with a set of Bohemians whose evil star has for years Past prognosticated failure. His only hope is now to cut abruptly all the unfortunate con- nections which he has been tempted to make. An over issue of stock in his new enterprise must prove more fatal than in any other which he has undertaken. It seems that all hopes as to the promised advent of Mile. Nilsson, Mme. Patti-Caux and other prime donne of transatlantic celebrity are to be disappointed. Miss Kellogg still remains as a dernier ressort for the salvation of the opera in New York. If our favorite American prima donna could be induced to refuse the solicitations which have invited her to return to London we might hope against hope that the opera would yet be revived in New York. The failure of Rossini’s Mass is in no wise attributable to this accom- plished artist. It merely shows that Rossini, like Dickens, had “‘written himself out” be- fore injudicious friends advised the publication of a work which might well have been left inédit. We do not despair of witnessing a revival of opera in New York; but we regret to be compelled to say that the representa- tions of ‘‘Lurline” have not thus far encour- aged us to hope that it is likely that we shall soon be delighted by so desirable a consumma- tion. The Herald and the Herald’s Progress. The principal feature of a great journal is to keep pace with the important movements of the age, and'it should be the ambition of every enterprising journalist to be ahead of his con- temporaries in the publication of intelligence and in grasping and comprehending public events as they occur. He should not stop to count the cost of obtaining news from any quarter. The most remote and difficult of ac- cess the more the necessity for procuring it. He must be in advance in encouraging all en- terprises calculated to promote the national interests of the country, the local improve- ments of his city and suburbs, and everything else which helps the trade, increases the population and wealth, enhances the beauty, contributes to the public conveniences and amusements, and otherwise augments the pros- perity, health and happiness of the people among whom he has established his business. “*T lead” should always be his motto; for the moment he loses sight of it away vanishes his influence, his patronage, his prestige. Some papers have been started, backed up by millions in money, headed by some prominent man and secretly sustained by persons of wealth, intelligence and respecta- bility in any other business; but when they attempt journalism they cut the figure of the veriest tyros, without genius, capacity, tact or talent. They permit the columns of their paper to be occupied with exaggerated police reports, twice told tales of horrible occurrences, broad- side reports of some huge jobbing speculation, under the plea of ‘‘developing the resources of the country,” dash off in illuminated fables about how the people are cheated and de- frauded by merchants and traders, make a display of sophomoric one-sided editorials on political topics, give space to a suspicious financial column, sum up the bulk of the day’s journalism by relying upon the reports of the Associated Press, and then they lay back in their easy chairs, waiting for subscribers and advertisers to come in. In due time they are surprised to find that while the money goes out like water running down hill, impelled by a steam hydraulic ram, the subscribers don’t make their appearance, the advertisers are coy end bashful as country maidens, and the great public are remaining in blissful ignorance that such a newspaper concern has any existence at ll. : Now, in order to conduct a successful jour- nal, there should be in it but one controlling mind. If there be more the whole concern will, sooner or later, be thrown into confusion, and finally into bankruptcy. The battle of the journalist should be fought as Grant fought his battles—hand to hand and face to face with public events, capturing public thoughts and ideas just as fast as they ap- pear, whether in front or flank—(the rear will take care of itself), That battle should not be fought like McClellan's, by slow ap- proaches, by hedging and ditching, by en- trenching and manceuvring, wasting time, pa- tience, money and public confidence by pro- crastination. To attack with force and energy, to seize and comprehend with lightning-like rapidity every subject of public interest the moment it transpires, is the true secret of suc- cessful journalism. That is the way the Heratp has reached its present prodigious circulation, its enormous advertising patronage, and its commanding influence throughout the country— an influence which vibrates all over the globe. Shallow newspaper men have endeavored to imitate the Heratp, to match its enter- prise, emulate its lavish expenditures, adopt its political course, share in its popularity with the public, and otherwise to tread in the foot- steps of its gigantic progress. But all these attempts at rivalry have proved abortive ; and as over thirty years ago the Hxraup invari- ably beat the lumbering blanket sheets in pub- lishing the earliest reports of important events—the landing of Louis Napoleon at Cherbourg, in 1839, for example—to later days, when it came to the aid of Professor Morse in his then languishing enterprise of introducing the magnetic telegraph ; to its ad- vocacy of American ocean steam lines, as well as the lines from San Francisco to Japan; to its zealous support of the construction of the Atlantic cable, over which for six weeks it re- ceived exclusive despatches and furnished them to the American press; to its support of that grand, accomplished fact, the Pacific Railroad ; to its admirable system ot obtaining ship news in New York harbor by the aid of its own steam yachts, and in which enterprise ithas to fight paltry and an unserupulous opposition; to its achievements during the war in Abyssinia, furnishing to the London press, the British people and the British government the first intelligence of the progress of that war, including, of course, accounts of the battles and victories of their own army ; to its recent great enterprise in having the highly important debate in Parliament on the Alabama claims sent to it exclusively by cable—all the other New York papers being obliged to copy it from the Hera, the Associated Press not having furnished anything of it—to tis early Alaska correspondence, its Australian, China, Japan, San Francisco and its “Across the Con- tinent” correspondence; its extensive aud en v well syatematized European correspondence, from which it receives in extenso exclusive reports by cable of all important eventa in that part of the world the day they occur; to its private expeditions to distant corners of the earth—in short, when the HeRatp looks back and sees what it commenced doing thirty years ago and realizes what it has since accomplished in the field of journalism, it has but modestly to say that it will so continue its future career, keeping in view the paramount interests of the nation, the progressive greatness of this ex- traordinary city, and showing to its feeble con- temporaries that in matters of news, as in everything else connected with practical journalism, it will never yield its title to use the motto, ‘‘I lead.” The Rights of Pedestrians at Street Cromings. Yesterday morning a respectably dressed gentleman was knocked down by some care- lessly driven vehicle at the head of Wallstreet, while crossing Broadway to the Trinity church side. He was picked up by a very handsome looking policeman, and although his injuries apparently were severe and such as might re- quire the immediate attention of a surgeon, instead of being taken where they could bo examined, he was tumbled into a passing South ferry omnibus, pale as death, and evidently in agony, and sent solitary and alone on his way down Broadway. No effort was made to arrest or detain the driver of the vehicle that caused the acci- dent. The fact is there is too much impunity allowed to drivers of trucks, carts, express wagons, omnibuses and all other kinds of vehicles on Broadway and other crowded thor- oughfares. At the crossings for pedestrians they dash along regardless of life and limb, or, if the pace be slow on account of the street being crowded, the tongue of one team lapping the tailboard of another, so that it is next to impossible to pass from one side of the street to the other. Policemen are reminded that pedestrians have rights at the street crossings which drivers should be made to respect, and they must be so instructed, or we may have occasion to report even more serious occur- rences from the same cause than that which happened as above related. Vv St. Thomas aad 4 Domin, ih. op — From the tohor of the articles in several of our contemporaries, favoring the ratification of Seward’s foolish bargain for St. Thomas, we incline to believe that some other Walker had an interview with the Danish Minister of War while in this country recently, and that sundry and divers Bohemians accordingly find them- selves holding the same relation to St. Thomas that Forney's brother held to Alaska. But it isto no purpose that they blow their penny trumpets. The people and Congress of the United States have not the least idea of paying seven millions of dollars for the barren and useless rocks of St. Thomas, when the fine island of St. Domingo is willing and desirous of coming into our Union on terms not onerous to us, and which will make the fertile hills and vales of the second island of the Antilles bloom with the flowers of peace and industry. The contingent fee which inspires the writers in favor of the seven millions purchase will dwin- die in their perspective as soon as they see that there is no hope of the speculation being realized. To make their case plain to them- selves they can study the following simple problem :—If seventeen thousand square miles of St. Domingo can be had for nothing, how much should we pay for twenty-four square miles of St. Thomas? Theatrical entary Beuefits. Our theatres, as formerly managed, had their good points and their bad ones ; but while inthe general theatrical bowleversement that has come upon us of late days all the good points have gone under and are quite lost to sight, the theatre has certainly not a vice the less. It clings to its pet abuses with a tenacity that would be admirable in a better purpose, and, therefore, we may fear that the ancient nuisance of the grand complimentary benefit is destined to be immortal. No ridiculous super- fluity of the stage could be better done away with. Oppressive to every actor or actress whose services were coolly demanded and could not be refused without offence, nor al- ways without danger, and a nuisance to the public, these so-called complimentary testi- monials were never either testimonial or com- plimentary. They were always gotten up by the recipient of the so-called compliment. He wrote the proffer of the compliment and se- cured the signatures, and thus beginning ia humbug the affair kept the same character of duplicity throughout. We are sorry that this institution is not thrust aside with so much that we might have been less willing to spare. Never spontaneous, genuine or honest, these entertainments are mere tricks of the trade that the really meritorious never appeal to for assistance, and no other deserves the assist- ance they may give. Oye Crampton.—Many and able men have recently come before the public with argu- ments for free trade; and now Horace Greeley is once more coming out for protection. He wants to show that he ‘tries to comprehend” the free trade argument. Evidently this effort is a new thing with him. Srienixe Up tae Ferries.—One of the East river ferries has been moved to have built a splendid boat. We expect that as the bridge becomes more and more a reality other of the ferries will find out that their boats might as well be attractive and comfortable ae to be what they are, MISCEGENATION AND Poxtrtos.—By the sui- cide of a radical politician and correspondent at Atlanta wo get a glimpse of the true cha- ractor of the material with which the radical game of reconstruction is played, and we find the atmosphere from which come the views of the social condition of the South taken by the radical press, Miscegenation is the least of the offences that appear. THE YACHT. SAPPHO. Yesterday afternoon this vacht left the yard of tne Messrs, Potion, Brooklyn, where she had been ying jor some time past, that her many alterations might ve completed, and sailed for Vity Island, the residence of her owner, Rear Commodore Douglass, of the New York Yacht Ulub, This trip, tt ts believed, is but in. tended as # little spin to shake her up somewhat be. fore a more extended one is mae, to test in some degree whether the changes made in her model are successful or not. The eyes of the yachting world are npon this pleasure craft, aud no genuine lover of the “blue above and the bide below? will otherwiKe wish than she will exceed in apeed the mose aan hue anticipations of ail who have been connected with her in these radical changes. ee