The New York Herald Newspaper, December 3, 1869, Page 4

4 EU American Thanksgiving Fete and Prayer in Germany, ROPE. The Ecumenical Council and Relations of Church and State. Royalty at the Altar and an 4suthoress in Gourt. The German mail steamship Holsatla, Captain Eluers, from Hamburg the 18th and Havre on Sun- day, November 21, arrived at this port yesterday fore- noon, bringing our speciat correspondence from Eu- rope and newspaper files dated to the evening of the aay of her sailing from France, ‘The Holsatia landed 287 passengers. alignant’s Messenger, of Paris, of the 21st of No- vember, 8ays:— in the course of the last session of the Legislative Rody the government promised that the munict- pality of Lyons should be the object of special legis- sation. The Council of State has now received & bill the tirst article of which declares that the Municipal Council) of that city ts to be elected according to the rules and at the time fixed by law for the renewal of Similar bodies Uhroug! i the empire, M, Thiers anticipated the time he bad fixed on for returning to Paris, a3 he arrived in the city Novem- ber 20, The Paris Puys states that when M. Lomon, one of the writers in that journal, was at the Prefecture of Police on business he saw M. Rochefort enter and make inquiries regarding the law relating to the Btarting of & new journal. A few minutes after a person stated that this latter had asked ip a tone loud enough to be heard around “whether M. Lomon had come there for his salary.’’ The consequence was achallenge to M. Rochefort, who declared in writing that he understood absolutely nothing of the matter, Baron de Chassiron, Councillor of State of France, was seriously unwell, He is husband of the Prin- cess Caroline Murat, eldest daughter of Prince Lu- cien and sister of the Duchess de Mouchy. The Paris Devats publishes an articie on the “unin- telligent’’ choice of persons made by the advanced democratic party in Paris for candidates at the elec- tions, Baying:— nf What strikes us the most vividly in the spectacle which We witness 18 the small amount of progress we have made during the last tweaty years. Those who believe that they have advanced have, to use an expression of M. Enile Oliivier, only been stamping on the sume place. The case of Epimenides, who Was supposed to have slept torty years, 1s a com- parison too elevated and too Classical to be applied to the men of the present day, or rather to the ultra republicans, The comparison of the Sleeping Beauty in the Wood waking up after a ceatury to tind her court and her Cent Guards turned into stone would giso be too ambitious, All these per- sous Coming back whom we see rise up one alter iue other have the appearance ot being under the induence of chloroform, We can tind nothing to compare them with except the original and clever piece of humor by M, Namond About, “L’Homme a Oreille Cassee.” Pritice Napoleon and the Princess Clotilda were at the Variét’s, Paris, to witness the representation of “Froufrou.”” The Prince and Princess Metternich arrived in Paris from Schopenwer, Count de Stackelberg, Ambassador of Russia, re- turned to Paris from the Ori¢anais. In Berlin the deputation from Schleswig, not hav- Ing been abie to obtain an audience of the King or of the Minister of the Interior of Prussia, has re- solyed to address a petition to the Legislative Chamber. The commanders of the Austrian troops acting against the 1nsnrgents in the mountains of Crivoscic received an imperial order not to pass on to the ter- ritories of Turkey or Montenegro. Galignani’s Messenger, of Paris, of the 21st of No- ventber (evening), publishes the followings telegrams from the Suez Canal banks:— IsMAtLIA, Nov 19—0 A. M.—The whole fleet of the Inauguration, the Aigle in front, will leave this after- noon for the southern point of the Bitter Lakes, where they will anchor for che migut and proceed to: Tuorrow for the Ked Sea. KABRET, Nov. 20.—The Aigie and the fleet have Moored Opposite the southern lighthouse in the Bitter Lakes, ‘ GERMANY. American Thanksgiving in Berlin—Divine Scr- vicomtirand Banquet—Distinguished Guests— Remarkabie Speechcs—Siatesmen and Sa- vanis—A Magnificent Bail=-The Names of Count Bismarck and George Peabody, BERLIN, Nov. 20, 1869. The Americans in Berlin, as has been usual, will celebrate thé National Tnanksgiving, which this year is appointed by iue President of the United States for Thursday, November 1s, There will be a re- ligious service at the American chapel, No. 6 Junker Bireei, at half-past eleven A. M., and a dinner at the Grand Hotel de Rome at five o’ciock P.M. for the dinner, entitiing the holder to a numberea Beat, are to be secured at the office of the hotel on and-afler the 10th imst., but no tickets will be sold day, the 17th. HERMANN KREISMANN, SE. F. P. ABBOTT. EDWD. L. BURLINGAME. This was the tenor of a circular to the resident Americans, and so well was {t responded to that not only the chapel was amply filled in the morning, but the attendance in the evening was such that the large hail of the hotel was Isuflicient to accommodate all, Divine service having commenced with tue reading of the President's Message, followed bya prayer by Kev. Mr. W. H. Seat, of Texas, and very fine singing by a choir, the Rey. Mr. Selah Merrill, of the Third Congregational church at San Francisco, Cal., delivered a very eloquent discourse, touching upon the home sentiment of piously observing the day, and upon the great blessings which have been showered on the country since its last cciebration, ‘The reverend gentleman then contrasted the Amer!- cans, their customs and peculiarities, jvith those of the Prussians, and especially the Berliners, and came to the conclusion that everything was in favor of his own countrymen. Speaking of the unfavor- abie charges against the American character often preferred by the press and by private writers, he pro- ceeded to disprove them one by one, showing that the American people were neither uncouth, bigoted, purseproud, nor @ set of “wild speculators and politicians”? in doing this and bringing facta in support of his argument he was perfectly successful, I may add that the reverend gentleman, in paying a handsome tribute to the superiority-of the American ladies, bore down upon the sex of tuis country in ratuer severe terms—{ar more than they deserved at the hands of the speaker, who, having lived here more than a year, should not have ignored the serious efforts they are making towards education and culture of mind, Upon arrival at the Hotei de Rome we were in- formed that all the available seats—more than 200— had been taken up for some days previousiy, and, indeed, as we entered, we noticed that every nook aud corner, and even the galleries above, had been wet out with tables and chairs, an impromptu ar- rangement caused by the unexpected throng. The banquet having passed off to tne satisfaction of the assembly, Mr. Bancrolt, the chairman, rose, and ip the course of his remarks reviewed the events which nad occurred since the last celebration, such as the girvling of the Unton by rail, the gin crops, prosperous immigration and general development of We resources of the country, The fears which wight have been entertained of the honesty of the republic, as to the faithful discharge of 1s debts, were now completely sei at rest, a¥ shown by the Tact of the growing credit enjoyed by il, and by the rapid rate with which the national debt ts being liquidated, a rate which amounts, in every eght Wonths, to the wlole sum Which the revolution cost our forefathers, In conclusion the honorable chairman proposed 88 & 10% ‘Our beloved Country and President \." ‘The toasy being voctferousiy and enthuel- astically responded to, he continued by pointing to Ule inumate relations subsisting between the ruler snd toe peopie o1 this country, drew happy compar- isons between monarchical and republican gov mients, alluded to the vast number of German Americans, now entitied, thanks to the government of this country, to revisit ther native home, and in conclusion proposed “The Health of his Majesty King William, the Chief or the North German Con- bie ig 4 Le King of Prassia.”’ ir, Thile, Under Secretary of state, rose in rep and expressed acknowledgmeuta in the name of mee Majesty, who entettained feelings of great affection ‘for the American people. Sthce the reign of Freder- ick the Great not the simaliest cloud had ever ob- scured the friendly relations between the two coun- tried. We have many good friends among the gov- ernments on this Oontiuent, but during go long a period there were nove of them who did not give ¥ise, DOW and then, to some slight disagreements, Tickets ; NEW YORK HERALD, FRIDAY, DECEMBER 3, 1869.-TRIPLE SHEET. The previous speaker mentionea — facilities m the intercourse ‘of the two nations, but his modesty prevented him from stating who had @had the principal share in promoting them, His Excellency concluded with proposing as @ toast “The Chairman and the United States.” which having been recetved with acclamation the honorable gentleman expressed @ hope that his chief, Count Bismarck, might be present at the next celebration to acknowledge the toast In more el0o- quent terms. In reply to the sentiment next in order—“The Day We Celebrate’"—Consul Kreismann, in the course of his speeci, said in regarding the beautiful Stars and Stripes whicu adorn the hall, they suggested to bis mind that which be would ever proudly coufeas—a free country, a free pene where every one may employ his gilts and energies, just as it 1s vouch- safed ‘by that great document, the constitution of the United States. A noole country, washed by two oceans, clasped by fron bands, inhabited by a great nation, Hail to that country | ‘The band struck up ‘Hail, Columbia." The next speaker tn order, and in reply to the toast of the “Berlin Universgy," was one of the specia/ly Invited guests, ProiéSsor Dubois- Raymond, Kector of the University, who dwelt upon the con- sapguinity and profitable intercourse of the two na- tions, called America the laud of unceas- ing activity, productive of unlimited wenlin and = power, In knowledge itt bid fair to compete with Germany, and of its students who visit this country, he bad the very best opinion, almost as favorable as that expressed by Humboldt in a letter of recommendation once given to a young American student (pointing to the chairman), who has since made a distinguished name for hiwself in the world’s history. br. Cattell, President of Lafayette College, Easton, Pa, rose to thank the previous speaker for the favorable mention of American institutions of learn- ing, for which immense sums of money are latd out, and which bid fair to be turned to the best account, He proposed a silent toast iu honor of the late Mr. George Peabody. Proieasor Dove, the astronomer, also especially invited, Was then cailed up by the chairman, and paid high compliments to what America had aclueved in natural science. Coast surveys, such as those of Mr. Bache, did not exist in any ouber quarter of the be. Whether Morse or Henry, both are Atmeri- 8, and we are indebted to them for the telegraph, brave military engineers, though in an tusecure country and molested by Indians, could still estab: lish posts of observation for meteorological purposes, A Dudiey observatory in Albany would be the first to note the deviations ia the ecliptic of Sirius, and a Cambridge observatory Would iirst discover the hith- erto inyisible cause of it. Those who are at home in tuese matters know perfectly well what America has done for the cause of science. Dr. Auerbach, author and poet, elequently des- canted upon the cosmopolitan nature of genius—the bryants and Longfellows beionged to Germany, as the Schillers and Goethes did to America. He dwell upon the universality of inteilect, or, as he called it, the symphony of nations, Professor Virchow, the pathologist medical author, and at the same time stancd liberal Dep- uty, then made a fine speech, in the course of which he alluded to the perfect arrangements in America for the care of sick and wounded, as demonstrated ond late occasion, He paid a handsome compli- Ment to students of the United Staves who came here willing to improve themselves, and, as he could bear witness, were successtul in their eadcay- ors. Regardimg medical science, @ revolution is going forward as to how much of its tracitional lore Will stand tbe test in our presen generation. This revolution commenced about the time when America politically freed herself, Much rubbish had to be removed on this side, while on the other the ground was clear. Germany was laboring to attain the freest development of science. If Ame- rica should outstrip us in tuis race, which she 13 extremely likely to do, the tables will be turned upon us, and we shall have to seek knowledge there. ‘The proceedings concluded with some facetious remarks from the well-known American banker, Mr. Thoue, Bonds, he said, are dear vo every banker, especially when they are rising in the market aud coupous are paid regularly, Every. one would like to have ius strong box full of them. But this was not the kind of bonds he referred to—1t was quite another description, viz.: the bond of afection with regard to the lair sex—not the American ladies only, though all beauty, elegance, grace, intellect and good heart- edness, but the ladies in general, Great hilarity, upon which the company adjourned to the lower hall, where, while we are writing this, not less than fifty graceiul couples are diveruug themselves with dancing. The King of Bavaria and the Pope—Tho Catholic Bishops and the Council. The following is the text of the autograph letter addressed by the King of Bavaria to the Archbishop of Munich on the occasion of the recent meeting of the German Bishops at Fulda and which was noticed by cabie celegram in the HERALD: LINDERHOF, Oct. 21, 1869, My Dran ARCHBIsHOP—I received Wilh pleasure the pastoral of the assembled prelates which you were kind® enough to send me. I read it with the interest so important a docament merits, and I rejoice to find expressed in it une conviction of the German bishops that the approaching Council will prociaim no doctrine in contradiction with the prin- ciples of justice, with the rignt of the State and those Who represent its authority, with the true interests of science or with the legitimate liberty and Weilure of the populations. I hope that the spirit of Moderation with which the meeting was animatea will prevail in the Council, and that the latter may lave for tue Church the salutary effects which every good Catholic must desire. 1am, with affectionate sympathy, your King, LOUIS. The Kemplen Gazette (Bavaria) calls attention to the fact that according to article fifteen of the Con- cordat concluded between Pope Pius VII. and the king of that country, Maximilian Joseph (sth June, 1817), the archbishops and bishops of that State are bound to take an oath of fidelity to the monarch, conceived in these terms:— I swear and solemnly promise on God's Holy Gospel obedience and fidelity to bis Majesty, I equally pleage myseif to eutertain no relations, to take part in no council, not to bind myself, at home or abroad, by any alliance which might be injurious to public tranquillity, and to make known ¢ King’s government auy design prejudicial to the State ch, e.ber In my diocese or auywhere else, may come to my knowledge. ENGLAND. The Ecumenical Council and What is Said of It—Papal Personal Infallibility— Critics and Criticism—Freedom and Abso- lntism in Civil Government and How They React inthe ChurchThe French Prelates and Their PositionUitramontanism—The Archbishop of Westmiuster—What Consti- tutes an Ecumenical Council—Secular Edu. cation—Arrival of Bishops in Rome. LONDON, Nov. 20, 1869, In reading over, as I have done during the last few Weeks, @ mass Of manuscripts, books, pamphiets, newspapers and otner records—printed as well as written, new as Well as old—relating to the comtng Council at Rome, there ts one curious fact that has met me at every turn and made @ considerable im- pression on me, It is this: There can be no doubt but that (as I have endeavored to show you in my previous letters) the Bishops of the Catholic Church troughout the world are divided apon the question of the personal infallibility of the Pope, a iarge party being aptagonistic to this (that ts now) opt- nion belng declared to be a dogma of faith; but a larger, I may say @ much larger, party being favor- abie to this action being taken by the Council. Now, it must be conceded that as one of these opinions or lines of thought has a de- cided tendency to absolutism and the other to liberty, it Would be bul natural if the bishops of countries Where abolutism in the secular. govern- mebt prevails were in favor of the inlallibillty doc- trine, and tnose from free countries sided against its promulgation. But, curiously enough, the exact contrary is the case. Tam not going to fill your columns with quotations from musty old Latin works which have for the last threé hundred years treated of this subject; but 1 will give you the re- Suits of my Observations 1n as few words as possibie. From the time of tne last Ecumenical Council down to the present day the writers and speakers in favor of the personal infallibity of the Pope have been ali subjecta of countries more or less free; whereas those who are against it are nearly to a man natives of lands ruled over by despotic governments. And passing down to the yearof grace 18691 find the Awerican, the English, the Swiss and the South American bishops ali in favor of its promulgation, and the chief leaders on the other side being all from France, Germany and the Russian provinces that are peopled by Catholics, I will only cite two personal instances of what 1 here advance, but from these, ag 1 firmly believe, many others may be instanced in the respective fol- lowings. Take, for instance, France. The leading mind among the prelates of that country who are opposed to the infallibility of the Pontiff 1s the Arch- bishop of Paris, Monsignor Darboy, a personal friend of the Emperor, and one of the strongest partisans of personal government and of Bonapartism now living. On the other hand, there is mo inore zealous advocate of the promn'gation of the dogma than Dr, Manning, the Archbishop of Westininater, an earnest liberal im politica, a personal friend of Mr. Giad- stone and a gentleman who has never in bis life given @ tory vote nor uttered a tory opinion. What are We to thfer from this fact? I niay be wrong, but it seems to Ine that the greatest liberty and treedom from State interference may be 1ookea for if the Pope 18 declared infaliibie, and that thie opinion is fixed in the minds of those prelates who are them- selves liberal in their secular politica, And here, before leaving this part of my subject, I may pe ex- cused if I give another extract from Archbishop Manning’s “pastoral” to his clergy—a work which is attracting every day more and more attention from the English newspapers. In summing up the doc- trine waich he advocates the Archbishop say: If L understand the doctrine, which I suppose I mu call Ultramontane, but would rather cali, of Christendom do, Catholic, It is thie—tbar now ‘an all the schools ultimate power, both in clavis jurisdictiones wad the and for ever to Peter, and {a him, says, to his successors, ‘The Eplacop: Apostolate receives, servate proprrtions, & pa astorul care and of the endowments of the Church. What 2 y the pontiffs are to the bishops. What they have in part he has in plenitude. 1am unable to seo that the primacy and tnfailibility of Peier in any way les- sened or detracted from the authority and endowments of the apostles; nor does it appear how the authority and endowments of his successor shall lessen or detract from those of the Eplscopate, Bishops are not less authori- tative because their head 1s more ao. Bishops are not judges of doctrine in an Ecumenical Council because their ead inthe intervals between Council and Council ts, by divine assis@nce, guided and sustained ao that he shall not err {n {uterpreting the faith and expounding the law of God. It is in behalf of the whole Church, pastors and people, that the spirit of God preserves from ertor the bead, on whom all so depend that an error in his guidance would mislead the whole flock, or break the diviae unity of the Church, or dermine the witness and the mapiaterium of the unty Church, Bishops are not elevated bi t bishop in the world feos fortediction end. tm talth-oF the jention—was comuitied firat 8 the Council of Florence succeeding to the pation of the y the depression of their imseif elevated d by the belief that the words yo rogari und that, in unton hlef and be ken to his chief an: fp yk arough him, be ts contr: faith of Peter. Here, then, you have an explicit definition of what the one party—and, as 1 said before, 1 believe the strongest party—tn the Church 18 asking for, This is, in fact, the Alpna and Omega of what 18 called the ultramontane doctrine of the Roman Catholic Church, a3 expounded by our ablest men and most fuished scholars of that party—Dr. Henry Edward Manning, ynhehog of Westminster, and a@ per- sonal friend of the Pope. ‘Yhe Archbishop was not born a Roman Catholic, He was for many years a clergyman of the Establisued Church of England, and only became of hls present faith when past mid- dic life. He gave up very great prospects in the An- giican Church. He was already an archdeacon, and Would, no aoubt whaiever, in time have beeu a bishop, and consequently a member of the House of Lords. He ts ap Oxford man, and ts accounted one of the best living writers of the English language on this side the Atlantic. He ts moreover, a scholar, @ man of polished manners, good breeding, and liberal Views In politics. As a preacher few ministers of any denowtnation excel him, and none excel him in eloquence. He never reads a line of hissermon, and yet he preaches on an average three or four sermons every week. He isa great admirer of your govern- meut and your people, and indeed of constitutional ism tn general all over the world, Ido not think I do wrong, therefore, 10 quoting Lim as an authority upon & subject which, as you see by his writings, be advocates So strongly and so earnestly, ‘fhere 18 a question olven asked—a query which en- Tails as a follower to it another queswon—at the pre- sent time Seana the Ecumenical Qouncil, 1t 13, “What constitutes a Generai Council?” and, a8 a Matter of course, tt is followed by the queation, Is the coming Council of the Vatican a property con- vened Council according to the rales of the Church? Some days, I might say some weeks, spent in poring over quaint old theological works and ta hunting up comparatively new books written by Ca- thoue’ churcimen, enable me to say that there 13 very littie ditference of opinion even on the details of that subject, and in the principle none whatever, among Rowan Cathoilc writers, no matter to what ScQ00l they belong. One and all seem to argue that an Ecumenical Council must be convoked or called together by the Pope, that 19 by the Bishop of the Church, who 1s acknowledged even by tue ultra Ual- licans to be primus inter pares, or the first among his equals. A second, and a most essential coudt- tion for a General Council is chat it should be com- posed of bishops, of mitred abbots, and that a suili- cieus number of these prelates should be present. A third condition is that when called together, and indeed for some time previous, the assis: tance and aid of the Holy Giost should be invoked, A fourth 1s that the whole Church, or every nation in which there are members ofthe Catholic Church, should be represented by at least some members of tts episcopacy. A iifth, that the debates of the bishops be consultive, or tuat each oue present should have his say and his opinion heard. A sixth, that the Pope or some prelate appointed oy him should preside over the meetings. A seventh, thac all the degrees of the Council should be approved of by the Pope and promulgated by him. 1 bave not classed these conditions in the exact lol- lowing Of any one particularguthor, but cnietly as I have noted them down from a number of authors, Now for the question as to whether the coming Councii 1s in the eyes of the Catholic Church and according to rule and tradition a bona fide Ecument- cal Council, To this I need only ed that ail the preliminary conditions have as yet been observed. ithas been summoned by the Pope. 1t will consist of more bishops by one-half, or more than were present at the Council of Trent. No country under the sun will be unrepresented at its sittings. The guidance of the Holy Spirit has been invoked on its behall throughout the Cathollo world for the past twelve months, As regards the other conditions, whether it will be what the old writers call *‘con- sultative’’ in its deliberations, the future aione can “tell. Bat that it will be presided over by the Pope, and that its degrees, then settled, will be promul- gated after being confirmed by his Holiness, I nave Not tne slightest doubt. ‘There 1s another question, that of secular educa- uon lor the poor, which, as I am creditably in- formed, will prove one of the chief topics of discus- sion at the Council. It 18 a subject which regards all citizens of every natiou, for nothing can be of more importance than the education of the thou- sands of poor Irish children which swarm the streets of every large city, in America aa well as in Great Britain. ‘To provide for the teaching of these chilu- ren out of purely Roman Catholic funds would be next to impossivie, for 1t would be imposing upon the comparatively few Wealthy of that Cuurch a much greater burden than they are able to bear. ‘The State will provide schools for all poor of every class and creed, but not for Catholic, or any denoml- national teaching. This the bishops of the Catholic Church set their taces against, and as regards any. action they may take in the matter, I fear they have already determined upon what they will do. In Rome, and among the Catholic bishops in England, the matter 1s not minced. They wili have denomi- national education for the children or none at all. ‘They will not even listen to any arguments on the other side. Within the last week tnere has been 4 large meeting of the Roman Catholics m Birmingham, pre- sided over by the jocal Catholic bishop, Dr. Utla- thorne, and several of the speakersj(such as the Earl of Denbigh, the Earl of Gainsborougn, Lord Edward Howard and others) are distinguished members of tne Roman Catholic communion, The opinions of these gentlemen all tend one ways one direction. They will have nothing whavever to do with what is calied the secular system of education, But this subject 1% one of wo great interest, and concerns your country and Britain far too much to be dis- posed of at the end of my letter. As aim closing this for post I observe in one of the morning papers a letter from Rome, m which the names of Archbishop McCloskey, of New York; Archbishop Purcell, of Cincinnatu; Bishop Henry, of Milwaukee, and Bishop O'Hara, of Scranton, are mentioned as having arrived at Rome, together with @ host of other prelates from the North, South and the far off East. The number of differeat nationali- ties already represented in the Eteraal City is said to be something extraordinary. Another correspond- ent, writing from Kome to one of the weekly papers im London, gays ‘I met, within half an hour of each other, a bishop I had known near San /‘rancisco, and another in whose house I lodged many years ago on Mouut Lebanon, when travelling tn the @loly Land.” Surely here 1s univeraality enough demonstrated as @n actual fact’ Miss Amy Sedgwick (Mrs. Parkes) in Court. (From the London Herald, Nov. 19.] In the Bankruptcy Uourt, November 15, before Commisstoner Winsiow, in re. Dr. J. W. Mackenna, the foliowing facts appeared :— The bankrupt, John William Mackenna, was de- scribed as formerly of Melbourne, in the colony of Victoria; then of 43 Margaret street, Cavendish square; now of 31 Great Mariborough street, Regent Street, doctor of medicine, He makes the following statement in explanation of his bankruptcy:—"The fraudulent conceaiment by my late partner, Dr, Parkes, Of & mortal disease at the time of the part nership, of which he died nine months afterwards, and consequent failing off in practice.” The devia are £1,907—against property given up to assignees, £68 108.3 good debta, £21; doubtiul and vad debts, £110; property held as security, £106, This Was an adjourned meeting for examination and discharge. Mr. Dubois, who appeared for the assignee, sald that the bankrupt had been required by the Court to justily bis statement with regard to the late Dr. Parkes, Whose widow denied that there were any grounds for such a statement. The bankrupt had accordingly Med an aMdavit setting out the reasons for the statement he had made. Mra. Parkes (better Known as Miss Amy Sedg- Wick) appeared to vindicate her husband’s memory from tue imputation whieh she conceived had been cast upon it by the bankrupt. She alleged that the bankrupt had uot properly accounted for money due to Dr, Parkes at his deatoa, Had her husband » died without a partner, he would have been worth £3,000 or £4,000, and 80 far from her husband con- cealing anything, he was a man Who would never willingly do an unkind action. 1t was true he was suffering (rom disease, but it Was supposed he would live for several years, and there Was no concealment whatever. He might have lived much longer had he not been tortured by the bankrupt. It had shat- tered her healtif and rutued her prospects. Sie bad no money to go On With, and the bankrupt was still carrying on the business with her husvand’s name over the door, In answer to the Commissioner The solicitor to the assignee stated that the bank- Tupt's furniture nad been disposed of, but not the geod will of the business, which sppeared to ve worth nothing. Mra, Parkes—My dear sir, it was worth £1,800 When my husband died. Dr. Mackenna haa re. ceived the money that Was hardly worked for by my husband. The bankrupt denied having received money due to Dr. Parkes, and he dissented generally from the statements which had been made. One of Dr. Parkes’ former assistants had collected his debts. His jionor thougnt the value of the business ought to be ascertained, and, looking at all the circum- stances of the case, ke thought it would be weil if the present assignee retired, Mr. Dubois suid the matter would at once be placed in the hands of a medical agent, who had acted for the late Dr. Parkes, His Honor said that Mrs, Parkes must have an op. portunity of knowing What was done and of pur- chasing the business if she thought proper. ua sitting was then adjourned to the 18th of arch. ROYALTY AT THE ALTAR. rriage of the Prince of Roumanin. A telegram from Neuwied of Decernber 16 reports the following interesting fashionable event:— The marriage.of his Koyal Highness the Prince Charles of Roumanta, wit the Pringess Klizabela, of Wied, took place this morning at the Castle of Neuwiled. Her Majesty the Queen of Prussia, the Grand Duchess of Baden Baden, the Princess William of Baden Baden, their Royal Higuneases the Count and Countess of Flanders, all the members of the royal family of Hohenzollern and of the house of Wied, with many other Princes belonging to the reigning houses of Germany assisted at the ceremony. His Majesty the Emperor of the rrench was repre- sented by Countde Mosburg, hi plenipotentiary minister, and the Emperor of Russia by Baron a’Oubril, Ambassador at Beriin, in the evening @ grand banquet was given, at waich more than 120 persons assisted, compris the members of the housenoids of the several sove- reigns and princes and princesses, and the deputa- ase by many towns to congratulate the august couple. 2 The envoyés of the Emperor of the French and the Emperor of Russia received the Grand Crosa of the Order of Hohenzollern; and also M. Boéresco, the Roumantan Minister, and M, Straat, the dipiomatio Agent of Roumania at Paris, ‘In the evening there was a grand ball given by the town to the august assemblage. HORSE NOTES. ‘The new trotting track tn course of formation in Westchester county will be called the Fleetwood Park. It ts situated about three-quarters of a mile from Macomb's Dam bridge, on the estate of William H. Morris, The roads leading to the track are over two bridges from the Jerome road, or Central ave- nue, which are in sight after crossing the Macomp’s Dam bridge. The grounds selected for the Fleetwood Park comprise about sixty-five acres of land, on which @ mile track will be made in the form of the old Union Course, which is one of the finest models in the country. This track will lay in a kind of basin, surrounded by heavy timber on three sides, while on the other side the landscape is most beautiful and picturesque, The managers, Messra. Dater and Tallman, intend building a fine public house, with plenty of shed room for transient visitors, besides 200 itching sheds or stalls, twelve by twenty-four feet, with doors to each, similar to those at the Prospect Park Fair Grounds, for members’ horses. The man- agers intend to let these sheds to gentlemen becom- ing members for five years, with all the privileges of the track for ariving and witnessing pubilc trots, for $300, The parlors of the hotel and the piazzas will be fitted up elegantly for the accommodation of the wives and families of the gentlemen subscribing, which will insure comfort and respectability at the grounds. The cost.of the enterprise will be about $125,000 at the commencement, which amount has already been advanced by four gentlemen, aad the work will go on vigorously until completed, which it is contemplated will be done by the beginning of next summer, Gentlemen are join the enter prise in numbers, and ic is anticipated that by next spring hundreds of names of our leading citizens will be curolled a8 members. That vhe Fleetwood Park will be @ popular resort of ail gentlemen who own fast horses no one will h Saaee to doubt, and all that wil be required will be proper attention on the grounds by those who have charge of the details to make the track one of the leading trotung titu- tions of the country. : Au organization should at once be made and om- cers chosen for the Fleetwood Park, 80 that dele- gates may be selected for the convention to be held early in the new year for the formation of a standard set of rules to govern all the trotting tracts in the United States and Canada, ‘Turfmen generally will be pleased to learn that the Batfalo track has been measured by a competent and rellabie engineer and found to ve one mile and Tour feet in length. This settled the mooted ques- on, ‘The trotting match at the Union Coarse on Tues- day between Mr. Brown’s roan mare Susey and Mr, Jarvis’ bay gelding Rahway was won by tue mare in three straight heats, Time, 2:483¢, 2:48 and 2:493,. ‘The race was mile heats, best three in Ove, in, har- ness. Track very heavy. At Jerome Park the American Jovkey Clab have Opened a new sweepstakes, called the Lambard stakes (in honor of Mr. Lambard, of Boston, the owner Of the famous race horse Lancaster), for three year olds, $500 entrance, half forteit, with $3,000 added by the liberal turfman whose name It bears, Five subscribers are required to make a race, and four have already been secured, viz.:—Messrs. Hun- ter & Travers, J. J. O’Falion, Bowie & Hall and F, Morris. It closes on January 1, and will be run at the fall meeting of 1870. - The Saratoga Association have opened two new stakes, tg be run at the first and second meetings held there next summer. ‘he first ts the Kentucky stakes, so named iy honor of the world-famous racer, for two fear olds, $100 each, half forfeit, with $1,000; dash of one mile, This stake closes on the 1st of January, and the following eight gentlemen have already subscribed:—Messrs, Bowie & Hall, San- ford, Morris, Doswelt, Denison & Crawford, L. Jevome, Gibbons and Hunter & Trayers. ‘Tue second is named the Kenner stakes, after that distinguished Southern turtman, Duncan F. Kenner, and ts for three year olds, $500 entrance, half forfeit, with $3,000 added; two miles. ‘This stake, Which 13 to be run for atthe second meeting next summer, bas four subscribers:—Messrs. Travers & Hunter, O'Fallon, Bowie & Hall and F. Morris. These stakes will greatly lucrease the interest of the Saratoga gather- ings. MUS:CAL AND THEATRICAL “Sam” 1s Chanfrauing in New Orleans. © Owens ts “Solon Shingling” in the Crescent City Jefferson ts Rip Van Winkling in Indianapolis. The Washingtontang are lulied with German Opera. Kate Denin is charming the saints of Salt Lake with burlesque, Necromancer Hermann prestidigitates in the Hub tonight. “Humpty Dumpty” is Foxing in Washington with much success, The Parepa-Rosa troupe are operating operatically in St, Louis. . + Maggie Mitchell ts tickling the stoical Hubites with her “Little Bare Foot.” John Broughain, disguised as “a fine old Irish gentleman,” is “Playing with Fire” in St. Lous. Patti charmed the loyal “Kannucks” of Toronto on Monday night with her birdlike trills, The Thompsonian biondes are endeavoring to im- prove the morals of the Chicagoans with “The Forty ‘Tuleves.” Theodore Thomas, with his “forty trained musi- clans,” will toot this weck in Cleveland and the Porkopolts. “High Chang,” the Shanghae Chinese giant, ex- hibits his elongated proportions in St. Louts this week for the edification of the barbarians of that great town. : The brunette buriesquers—the gspriantly Zavis- towski Sisters—~are doiug rare burlesque this weex for the raw Rochestrans. The San Carlo of Naples has not been very suc- cessful this season. It was-openea on the 17th of Gctdver with “Belisario,” in which two of the sing- ers were almost voiceless, aud the ballet was re- ceived with hisses, ‘The figurantes of Le Petit Faust’ demur against the enforced display of their persons, and pevition to lengthen their petticoats. his not tn Paris, Lon- don or New York, but at St. Petersburg, where ar- uusts can live tpon their salaries. Signor Piave, who Wrote the librett! of “Il Trova- tore,” “Rigoletto,” “La Traviata,” ‘Don Carlos" and other of Verdi’a operas, 1s at present in a lunatic asylum. Signor Verdt has forwarded to Madame Piave 10,0001, Mr. and Mrs. Barney Williams are edifying the sooty Pittsburgers with a round of their Yankee and Irish characters. Mr. and Mrs. Williams have postponed their trip to the ‘Pacific giope’’ until Spring, and will probably appear at one of our lead- ing theatres avout the Christinas holidays. iss Bateman favors the Brooklynites this even- ing, at the Academy of Music, with her great im- personation of Mary Warner. She will be supported by @ strong company, and the piece wili be mounted with new scenery, painted expressly for the occa- sion. The drama will be repeated at the same place to-morrow evening, with the same cast. This will be Miss Bateman’s lust appearanee in this vicinity for some months to come, aad tt 13 more than proba- ble that the house on both nights will be crowded to. its utmost capacity. On Monday next Miss Bateman panne t &@ lour weeks’ engagement in. Philadel- a. Awell selected French dramatic and operatic company, comprising many old favorites, will com- mence a season Of opera bouse, Vaudesille aud com- edyon Mouday evening at the New York theatre. ‘The opening bil comprises “‘Mattre Patheltn,” opera bouge, by Bazin, and a comedy and vaudeviile, Lingard, with a strong biriesque company, appears In Providence to-night with « mew bur- Jesque, He succeeds the Kiching’s opera troupe at tne Grand Opera House, where he appears at an early day in & number of new sketcn: Tue new opera house in Rome, N. Y., has made that town quite & tueatrical place, and the country folks around have frequent and ample opportunity to #eé the sights in every variety of entertainment, ‘Ths Week & combination variety troupe holds forth tuere in a round of singing, dancing and acting. LeMngwell opened at the Loalaville opera house on Monday evening for 81x nights, during which he ap- pears In a round of vurigsque characterizaious and 4s @ Victim of Circumstinces.”” Miss Kate Keignolds, who lias been meeting with Much success in Baltimore and through the West with & hew sensational drama entitled “Tle Serpent On the Hearth,” commences an engagement at the Park Theatre, Brooklyn, on Monday evening, De- comber 6, When the piece Will be presented, ‘The Hanion Brothers open in Philadeiphia at the Academy of Music, on Monday evening, lecember 6, when’ they will perform the thrilling feat which has so startled ail wno have seen if at the Tam- any. Messrs. Kelly & Leon, the well known muinatrei managers, are both in town arranging @ new and strong mugstrel organtzation which, alter travellin through the country for four or five weeks, will settle down in the city for the baiance of the season. Their frst appearance will be in New Haveu, on bionday, December 6, after which they go te Hart- ford, Springdeld ead Providouce. NOTES, THE QUICK TRANSIT QUESTION. How the Question Will Come Up This Win- ter—Prospects of the Several Projects Before the Legislature=The Ceutral Une derground, West Side and Yonkers Ele- vated and the Arcade. Ten years have elapsed since the question of steam transit 0 Harlem became one of the leading questions of the day, and yet the solution of the problem appears to be as remote ag ever." A great deal of speculative thimble-rigging has been done; couple of valuable monopolies have been granted by the Legislature, about $200,000 has been ex- pended in lobbying, besides the pledging of $1,000,000 or more in stock; $1,250,000 in round figures has been frittered in useless experiments; and yet again forces are being marshalled for a third great contest at Albany this winter, when, it is to be hoped, something worth doing may be done in the way of legislation, The Oret real legislative actlon in the premises was taken in 1666, when @ provision was added to the general railroad law of the’State, providing that p road might be built, beginning within the county of New York and ending without the county, which provision was engineered through the Legislature by C. T. Harvey, since known as the manager of the Elevated. In 1867, Mr. Harvey having perfected lus plans, the Legislature passed a modification of a@ bill providing for the Construction of three elevated roads:— Capital, West side and Yonkers...........+ Broadway Elevated, forth, to rive: East side, north, to point beyond rive! The three companies had been formed and the papers filed in the ofice of the Secretary of State in July, 1866; and, in 1867, at a cash expense of $20,000, With a pledging of stock to the amount of $1,006,000, the legislative sanction was obtained in the case of the West Side and Yonkers, The engineer made an estimate that $75,000 would be needed to complete an experimental half mile of the road; and, the money having been paid in, in July, 1867, the work was begun, and $250,000 has been expended in ex- periments, ‘The first bill for au underground railroad was passed in 1867 also, in favor of the Manhattan Rail- road Company, which proposed to build a tunnel irom the Battery to Harlem, by way of Broadway and Fifth avenue, ‘The bill was vetoed by Governor Fenton, through the influence, as was supposed, of A. 'T. Stewart, who has unifort opposed the building of any railroad on Broadway, either tunnel, surface or elevated, It has been generally conceded that the Manhattan Railroad Company: was incorporated in good faith, and would have constructed the needed road had the bill been passed; aOHaBe in the pres- ent stage of engineering investigation, it must be conceded that the action of the Governor, which was very unpopular at the time, was not so deficient in wisdom a3 was at first supposed. The succeeding session was overburdened with raliroad projects, eight in all, to wit:—the Manhattan Underground, the People’s Railroad, the People’s Metropolitan and Suburban Railway, the Metropolitan Underground, the Metropolitan Transit Ratlway, the Central j)nder- ground, the Vandenburg Tunnel, and the Arcade, entering the flela. The struggle was in the end lim- ited to the Central Underground and tue Arcade, the latter winning the race at an expense of $100,000 and a pledge of stock the amount of $400,000, This tbe the prospect is that three of Uhese projects will appear at Aibany—the Central Underground for certain modifications and a re- newal of the grant, the conditions not having been complied with; the Broadway Elevated, originally a part of C. T. Harvey’s programme, and the Arcade. THE WEST SIDE ELEVATED ROAD will probably seon be extended to Thirtieth street by way of tapping the Hudson River Railroad. Tne amount expended upon 1t thus far is as follows;— Xpétimental capital.........+0seeeseee+ +++ $200,000 Loan negotiated through Lockwood & Co.... 300,000 Recent subscriptions to complete the road to Thirtieth street...... Total. Of the sl ip per ci al the realization in cash being $100,000, which leaves au amount of $650,000 as the sum actually expended. In the meantime, for over two years—or rather two years and @ half in alli—the subjoiited list of oficial salaries has been eating up the capital of the con- cern:— Secretary... Superintendent. Sub-foreman, Treasurer... "LOCAL. .....seevcevcenscseeeeses The patents upun which the plan 1s founded were obtained in 1864 and 1858, and sold for $4,000. ‘The cost has thus far been in cash about $660,000, ta cash and bonds over $800,000, ‘The other two projects are the Central Under- ground and the Arcade—the latter a morceau of pure Americanism, the former @ modification of the rei plan. A bill providing for,the construction ol THE CENTRAL UNDERGROUND ~~~” ‘Was passed in 1468, with the condition that a certain amount of work should be doue during the year, in default of which the grant was to be null and void. Nothing was done, liowever, notwithstanding which application was made in 1869 for a renewal, with certain modifications of the route, which, it was alleged, had been found necessary to the ulti- mate success of the undertaking. The renewal was granted, with the requested modifications, and it was gunounced last spring that Work would be immediately commenced, since With the directors have had peribcicas tits of an- nouncing that sometaing ts abolit to lone, though the work has made no p! beyond f8 try engineers? reports iting inthe pigeon-hotes of the secretary's deal ¢ ee of October last marks the date of the last pi ation of this sort; but the spade has not yet been put to work, the dimMcuity being that capitalists have lost confidence in the tunnel theory, and that consequently subscri tions were not easily obtained. Attempts were made 1n 1868 to enlist European capitalists iu the work, though Without success, beyond assuring the public \hat English capital was forthcoming to construct the road, and that the engineer was on his way to New York. ‘his was in the spring of 1868, but in 1869 the company again a} red before the Legis- Tature asking for a renewal witi moditications; their proclamations from time to time haying enabled Teal estate speculators to make fortunes out of the fluctuations of values in Harlem and Mente In fact, in the tail of 1868 the company virtually ate its own proclamations and admiited that no fixed pian had geen settied upon for the con- structi® of the road, and tnat the ronte was not at all satisfactory. The company will come before the Legislature this winter with @ request similar to \hat preferred last winter; and the petition will be this time for the route of the old Manhattan project so far as Broadway i# concerned, In ®& word, it 18 proposed to take up-the route now mapped out for the Arcade, ‘fhe list of corporators includes the names of & large number of eminent and infueatial business men; but, unfortunately, there ts consider- able disaifection in various quarters. Members of the corporation, tn some instances, allege that the aifairs of the company are badly managea: others maintain that the route is impracticable, which 18 true in this—that a right of way, costing in some quarters of the city through which it passes, at the rate of 000,000 per mile, with an additional $4,500,000 for construction, constitutes a rather ex- pensive undertaking. The company has, with Broadway in view, sub- stantially abandoned the plan of the London tunnel as to ventilation—that 18, by open cuts—and pro- poses to ventilate by forcing the gases out in front of the engine, drawing in Iresh air by suction or atmospheric pressure. Tie success of this methoa 48 even more problematical than that involved tn the original plan, aud is condemned by eminent en- gineers quite generally, Jn short, with no better method of ventilation than the proposed one, it will be diicuit to convince the Legualatare of any serious intention to construct the tuiMel, especially as no serious intention to comply with the conditions has been manilested for the past year and a halt, during which prowuses have been substituted for perform- ance, “The expenses of the company thus tar have yee Cash in bs aint, Legislature. $100,000 Stock pledged for a simtiar purpo: 400,000 Estimated expenses for 1865 and ++ 150,000 Total + seneeeeeee sere + $650,000 The managing directors of the road, at the head of whom stands William B, Ogden, have, nevertie- leas, concinded to appear before the Legisiavure with modifications of the plan and of the route, bat attempt to effect a compromise with the Arcade in- terest, which i8 now strong to insist upon having its own w and should they succeed in getting a renewal will perhaps, if the money can be procured, endeavor to build the road; though of this lacter, laving so often abnounced a great deal and done oe ing, i Will be dincult to give adequate assur- nce, fhe objection to the Arcade, ben gS ee as it bas been by the engineering taient of the whoie coun- try, has been tuat it is experimental, while the argu- ment in favor of the tunnel bas been that It has been proved practicable by Buropean experi- euce. This objection, however, may be urged With double force against a tunnel ventilated ag proposed. ‘It is in the opinion of com- petent engineers not only experimental, but ex perimental in the worst and most absurd sense of that adjective, and will not bear analysis. ‘‘A tun- hey,’ romarks one of the most eminent engineers in this country, ‘ays the last resort of an cn- gineer, and is a co exagtly In proportion to Its ¥? and, ifthe tunnel per se be @ dernier re- sort, only to be used at the last extremity, What sual be said of @ tunnel upon the plan recently pro- pounded? The steam transit idea has aiready cost New York captialists, ali expenses counted, not Jess than $3,000,000; and yet the solution of the pro- blem seem to be as far off as ever, and there remain to be exhibited only an imposing string of nanies of companies and a half mile of foolishly experimental engineering on the west side of town. The reai pur- pose of the directors of the Ventral Underground, however, 18 only thinly vetled by their apparent pur- pose. ‘There 18 no doubt but an attempt will be wade to et Dossession of the Arcade plan and route, or partial ssion of it, by making a pretence of strength before the Legislature, with ie viaw to elfect @ compromise and fusion of the two Interests, and considerable coquetting looking to this end has already taken piace. THE ARCADE has been endorsed by a number of leading capital- ists and public men, among whom may be men- tioned Commodore Vanderbilt, Peter Cooper, H. B. Clatiin, Gegrge Opdyke, E. 8, Brown, W. T. Coleman and others, most heartily, but it ts questionable whether any of these men will advance capital upon such an experiment, & session it entered the Legisiature with ample scientific, but rather tnade- quate pecuniary support, but was with great dim- culty beaten by the Central Underground with all its resources of money and organization. ‘she engi- neering talent enlisted includes William J. McAlpine, General E. L. Viele, General C. B. Stuart, General George B, McClellan, General J. F. Quimby and & host of others. The project entera the field this winter, therefore, with a combination of elements that may increase tts chances for success, Their argument will be that the Elevated and Underground have veen tried and found wanting, and there is no reason now why somebody else sould not be per- mitted to try, particularly as the capital can probably be pron red to pulld gngseas, which, in the case of the preceding tentioned, has been found dimicult, The engineering features of these several projects have been thoroughly discussed heretofore; but, aside from them, the two practical objections quoted by Capitaists as standing in the way of raising capital for the tunnel are:—First, that it 13 not equal to the emergency; and, secondly, that it cannot be made to pay ata legs tarltr than ‘five cents a mile. ‘The Ar- cade, on the other hanu, tt is contended, can be made adequate to the public Want, and can be made to pay twenty-five per cent on its capital, with a through and way tariff of five cents, which, of course, prac- tical ratiroad men will most respectiully beg leave todoupt. The question of tariif on all the roads ts oue that should be left open and subject to future modification—that 18, high rate of tariff should only be granted experimentally, since, with even & taritY of ten cents, elther of the roads would conatl- tute @ most colossal monopoly. TREASURY POLICY A MISTAKE, TO THE EDITOR OF THE HsRALD:— Your correspondent, whose letter was published in your issue of Tuesday, has not fully met my expec- tations, as be has not struck sufficiently hard at the vulnerable points 4 purposely left open for his en- couragement. I nad in my’ facts and arguments 80 completely rendered my armor proof against the assaults of adversaries that no one could be per- suaded to enter the lists, I therefore threw out a lure, by opening my harness to a thrust from any aaventurous lance; or, in more classic language, like Pat, at Donnybrook, ‘‘Will any jintleman plase to thread on the tall of me coat?” But your corres- pondent has not trod on the tail of my coat. He has not assalled one of the positions I have taken, and therefore I hope he will try again, All the books and writings to which be has referred, and ten times the number, have been read by me in my younger days. But we who live in a land of pro- gress, and among an intelligent and law abiding people, must learn facts and apply to them the rules that exist among us. Of what use would be the armor of the old knights in warfare at the present time? We get our facts from the current events of the times, and the inspiration of our situation fur- nishes us with arguments and illustrations. Thus we und the following enumeration to be facts:—We find that gt the commencement of the late war our currency was bank issues, convertible into gold, so far as two hundred mullions of bank credits could be redeemed with twenty, millions o; specie on deposit in our banks. ‘his ‘fiction w: pleasant, because the system was derived from Eng- and. We find that this system lasted so long as No one wanted gold; our people were satisfied and did not draw gold from fear or distrust of bank credits. But when the cotton and tobacco crop was not sent forward to Europe, 12 consequence of war, the losa of these Cro) for suipment was sup- plied with gold. This drew gold {rom bank ‘deposit, where atone {it was needed, for it has not been currency for many years. From that moment gold was at a premium for Europe. It was not sought for by Americans here, and is not now. It 1s entirely subject to foreign demand. What, then, placed gold at & premium here? Was it bank paper? This was not increased. Was tt the greenbacks? This coined paper had not been issued. And by reference to the dates we find the premium on gold had risen to a large per cent belore a legal tender note had been issued by authority of law and belore a (urther issue of bank paper had taken place. Let old authorities and musty books account for these facts by inflation. These are stubborn facts, well known to the country. But there 18 another patent fact which the books cannot expiain, and that 1s that in 1864 gold rose to 285, and with few ex- ceptions bas been dec tint in premiam since. Now, from the*time gold reached this high point our legal tenders and bank issues have bgen increasing, and have not been diminished, The premium on goid bas declined, while paper has been increasing in volume. Can the contraction theorists or the readers of old books on political economy answer these questions ? ‘There is no truth iu the mere naked assumption that our coined paper has decreased in value be- cause a foreign debt has taken gold from us, ‘There ws no proof that our credit has decreased in ublic estimation. Why is gold failing in price? Not, certainly, because of contraction, or because we have more faith tn our own integrity. Then why does it fall in price? [call upon all coptractionista to bah gid these questions. The people light; they want the truth and nd éxploded old musty Lis oH ees Gola never Was a currency, and never can ba country so long a8 good laws and good government prevall. You canuot make goid circulate. The peo- ple prefer paper, and Paper they will have, and therefore Congress has done wisely in giving them the beat paper that has ever been issued, and which by common consent is preferred to metal. Nobody calls for gold in exchange for paper for home cur- Trency, By common consent the metal humbug has exploded. But, a8 it ts apparent that the issue of Daper has not increased the premium on gold, and that the contractionist cannot answer my question— fat ni the premium ce its nighest Paces baciectin aheré aie Fecal causes, but the first and leading cause Is the export and sale of our bonds in Europe, which has taken the place of gold in making exchange, and this export ts gotug on more rapidly now because the price of our bonds ts advancing in Europe. The next Cause is the restoration for shipment of the long missing cotta and tobacco crop of the Southern States. These two are the principal sources from which a supply of exchange can be obtained, and these causes are sutiicient to bring down the pre- mum on gold to par, and would have produced tnta result @ long time since did not the government re- quire and impertousty demand a large sum to be collected for duties and retained to a large extent in the Sub-Treasury. Now, on behalf of the credit of our government, I cail upon all the contraction and bullion theorists in the country to deny these facts and conclusions. As it was In Engiand in 1816, go tt will be here in 1870, Gold will flow pack here and be a drug with- out any contraction of our coined paper; and all this will be done to the ruin of our Westera in- terests by transferring our bonded debt to European brokers for the beneiit of nnporters and bondholders, Oli, wise and learned Secretary, say to our West- ern farmers, in the words of Richard, “Down, down to baukraptcy, and say I sent you there," JONATHAN OLDBUCK. FIRANGAL TINKESING. To THe Epiror OF THE HERALD:—_ Agreeing entirely as I do with your cor- respondents who deprecate the idea of dis pensing with our very useful national cur- rency, or of assuming hastily a specte stan- dard therefor, I desire simply @ little space to show how we can perpetuate all its advantages and make it the measure of its own volume and value. The principie for which I propose to argue is this:—No currency 1s redundant which commands a fair rate of interest, It may be depreciated, but the measure ofits depreciated value, as compared with coined goid, depends less upon its volume than upon ts re- jation to xed an@ funded capital; and as a corol- lary to this the best currency is one which can be mereased or diminished in volume tn conformity with the price of tue public funds and the market Tate of interest for mouey. ‘The present is & most auspicious time to inangu- rate # policy which shaligive usa currency pecu- harly tn accord with our institutions, and pre- serve usforever from panics, corners, ef td genus omne. Abolish ali special banking privileges and create a currency which may be loaned to any applt- cant depositing government securities and forfeit- ing the interest upon them while the currency ts in use.. Or let governmental authority fix from day to day the price at which it will seil gold or government bonds—in otner words, loan or retire currency in exchange for those commodities. Government has taken to-day the step of refusing to Sei) gold below 122. This will atop ite fall. Now ies governinent offer to buy at 120, and half the job i done, it only remains hdee 6 = A the same rule to cer- Lain securities of tne United states and to substitute United States tor national currency. ‘The result of these steps can be easily foreseen. Gold will soon be offered to the government at 120, and currency Will be poured out to refresh the channels of trade nui ite abUadance or the scarcity of gold steps in to check the overflow. The consciousness on the part of the trading public of the existence of such a Balety Vaive, of so complete @ protection against high rates of interest, or locking up of cur- rency or gold—it being assuined that govern- ment Will @& ail times hold in reserve a sufficient amount of both coin and carrency to make combinay Vions powerless against 1t—will give encouragemen- to all legitimate enterprises and turn speculative swords wid spears into mercantile and manufactare tng pluugusiares aud praniig hooks, JEFYREY URBAN, The churchyard of the village of Worth, Dorset shire, England, contains the following imteresting memoriai isis aioe te Jesty, of Downshay, died April 16, 1816, aged 79. He was born at Yeu minster, iu this county, aud was an upright, honest man, partieularly noted (or having been the first person known that introduced the cowpox by Inoc- ulation, and who for nis great strength of mind made the experiment from the cow on tie wife and two sou in the year Li74,