The New York Herald Newspaper, March 5, 1870, Page 4

NEW YORK HERALD BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR, All business or news letter and telegraphic despatches must be addressed New York Herat. Letters and packages should be properly sealed. Rejected communications will not be re- turned, THE DAILY HERALD, published every day in the year, Four cents per copy. Annual subscription price 812. The Evropran Epition, every Wednesday, at 81x CENTS per copy, $4 per annum to any part of Great Britain, or $6 to any part of the Continent, both to include postage. ADVERTISEMENTS, to a limited number, will be in- gerted in the WEEKLY HERALD and the European Edition, Votume XXX -No. 64 AMUSEMENTS THIS AFTERNOON AND EVENING. FIFTH AVENUE THEATRE, Twenty-fourth st.—F200 Frou. Matinee at 3. NIBLO'S GARDEN, Broadway.—INNISFALLEN; ‘Tus MEN IN THE GaP. Matinee at 2. on, WOOD'S MUSEUM AND MENAGERIE, Broadway, cor- ‘ner Thirtieth #t.—Matines daily. Performance every evening, BOWERY THEATRE, Bowe: WAH—JAOK SHBPPARD, £0. rf i CHILD ov THE SAVAN- inee at 2. WALLACK'S THEATRE, Broadway and 13th street.— ‘Mask6 AND Faces. Matines—Lost at Sra. BOOTH'S THEATRE, 25d at., between Sth and 6th avs.— Matinee—Hamurt. Evening—-Fazio. GRAND OPERA HOUSE, corner of Eighth avenue and ‘28d a. —Tux TWELVE TEMPTATIONS. Matinee at 2. OLYMPIC THEATRE, Bi HAMLET. Matinee at 2. TONY PASTOR'S OPE! Vooatisw, NkGRO MINS way.—New VERSION OF HOUSE, 201 Bowery.—Comio RLGY, &C. Matinee at 2}. THEATRE COMIQUE, $14 Brondwa; Couto Vooar tem, NEGKO ACTS, &C." Matine BRYANT'S OPERA HOUSE, Tammany Building, 14th St. —BRYAN1'6 MINSTRELS. SAN FRANCISCO MINSTRELS, 585 Bron ‘way.—Eriro - PIAN MINSTRELBY, NEGRO ATs, &c,—13 TEMPTATIONS. KELLY & LEON’S MINSTRELS, 720 Broadway.—ETnH10- PIAN MINSTRELSEY, N&GRO ACTS, £0, NEW YORK CIRCUS, Fourteenth street.—Equrarntan AND GruNastio PRRFORMANORS, &0. Matinee at 2. HOOLEY'S OPERA HOUSE. Brooklyn.—Hoo.Ry's MINSTRELS—HUMPSEY DuMPsEY, AC. Matinee at 2's. APOLLO HALL, corner 28h ‘Tue New Huw Ne NEW YORK MUSEUM OF ANATOMY, 618 Broadway,— BSermvce anv A Zs atreet and Broadway.— at2 Saturday, March 5, 1870. New Yor! CONTENTS OF TO-DAY’S HERALD. race 1—Advertisements. Advertisements, 3—Adveruisements. 4—Editorials ; The Leading Articie on the Gold Mar- ket; The Funding Bul in Congress—Large Fire in Newark—Fire in Forty-seventn Street—The Gold Tum ble~Personal intelligence—New Jer- sey City Yacht Club—Attempted Bank Robbery in Brooklyn—Amusement Announcements. S—Telegraphic News from all Parts of the World: Russian OfMicial and Family Condolence m the Burlingame Case; The London ’Change and the Postal Telegraph; Royal Austrian Vistt to France—Nothing “Authenue yet Heard of the City of Boston—Full Particulars of the Loss of the Brig Morning Star—Mr. Seward and the Aldermen—Mr. Daniel Drew's Golden Wedding—Another Defaication—New Jersey Railroad War—Newark Common Coun- cli—Naval Intelligence—Tennessee Legisia ture—New York City News—Lord Simeon’s Diamond Feast—Straw-bed Sold{ers—Arrest of Sorcerers—The Negy City Charter—The Stage #t Home and Abtoad—Attempted Bank Robbery in Connecticut—Business Notices. @=—The Kedskins: Counci of the Indian Tripes of the Southeast Board of Aldermen—New York City and Brooklyn Gourts—The Coming Re- peaters: Alarming Conspiracy Unearthed at Cooper Institute—Murder in New Jersey— Financial and Commercial Reporte—Brooklyn City Intelligence—Serious Saloon Affray—Mur- derous Assault in Newark, N. J.—The Alleged Deraulting Paymaster. '7=The Broadway Bond Roobery—Semt-Annuat Pay- ment of Pensions—Killed on the Railroad The Death of Thomas J. Flynn—Marriages and Deatha—Advertisements. S—Washington: Speech of General Butler on Geor- gia Reconstruction; The Radicai Programme Foreshadowed; Republican Opposition to Con- gressional Usurpation; Currency and Gold Balances in the Treasury—The State Capital: Fighting for the Control of Excise and the Canalis; Proposed Extensioa of the Metropolis; An Underground Railroad Scheme for Brook- lyn—Shipping Intelligence—Advet tisementa, Gotp 112}.—Yesterday gold declined to 1124, but thence underwent a sharp reaction, recovering at the close of street dealings to 1144. Spezones were delivered yesterday be- fore the House Committee on Naval Affairs for and against the proposed removal of the Brooklyn Navy Yard. By authority of the committee a bill has been prepared providing for the sale of the yard and the removal of its operations to some other point. Tue House of REPRESENTATIVES yesterday passed a bill granting a pension, commencing from 1862, to a colored man who lost both his feet at the second battle of Bull run. Being a teamster at the time his name was not on the muster rolls. Opposition was made to the bill on the ground that it would set a precedent requiring an expenditure of two or three ad- ditional millions every year. Tas Firry Mittion Currenoy Proposi- TI0N.—The House Committee on Banking and Currency, it appears, are puzzled to make out whether their instructions to report a bill providing for the addition of fifty millions to the national currency means that they shall provide for an issue of greenbacks or national bank notes, and that hence the character of their bill remains undetermined. Let them determine to postpone indefinitely any bill in- creasing the present volume of our paper money, and they will hit the mark. ArFAmRs 1N WxsTtERN Mzxioo.—The news from Mexico is of the usual description. Pro- clamations and murders go almost hand in hand. Assassinations are associated with rob- beries, and lawless proceedings are as nume- rous as ever. In Western Mexico the rebellion is making considerable headway under the leadership of Placido Vega, who at latest accounts was en route for Mazatlan. The fore eign residents were preparing to meet the Approach of the rebel general. Throughout the State of Sinaloa assassinations and robber- jes are being committed indiscriminately by the ‘The Geld Market—The Fandiag Congress. The continued decline in gold is causing a great deal of speculation and anxiety as to how far it is likely to go—whether it will come to par with currency—and what will be the consequences. Of course those who are in debt or who have large stocks of goods or securities on hand which have been purchased at high currency prices are trembling, while the creditor class of the community are exult- ing at the prospect. Every one argues upon the probable future course of the gold market according to his wishes or interests. Nor is it easy to form an opinion as to how far gold may decline or what reaction may take place. At the present time there is a plethora of the precious metals in the great financial centres of Europe. They have been accumulating largely in the. Banks of England and France, and money is so abundant that it is loaned at two and a half per cent in- terest. This plethora and’ the exportation of United States securities abroad, with the large amount of products exported, prevent a drain of gold from this side. Here is the real secret of the fall of gold just now. As long as the cotton crop and other products are going out and a large amount of bonds are exported to balance the trade against us there will be no demand for gold. Another cause is found, too, for the equalization of trade and value of the precious metals in the operation of the tele- graph, which brings the commercial nations of Europe and the United States in instant communication. But we have yet to see to what extent and how long the exportation of our products and bonds will pay for our im- portations. If we knew that we might form an opinion as to the price of gold in the future. We must not forget that the more bonds go abroad the larger the debt on the other side becomes—the greater will be the demand for specie hereafter to pay the interest. At the same time should peace continue in Europe and money remain so abundant there, large sums may be sent to this country for invest- ment, and thus help to increase our products. It is not wise, therefore, to jump at conclu- sions from the present state of things. It has been said that the efforts made in Congress to fund the debt have also had an effect upon the gold market; but we think that is not so. The credit of the government has been raised by other causes, The high rate of interest the debt beara has been one of the principal causes of that extraordinary demand for our bonds abroad which has stopped the outward flow of gold, Should Mr. Sherman’s Funding bill—which reduces the rate of in- terest—be passed we may see another state of things. No one can tell what the immediate effect would be; nor can we yet say in what shape the bill will be passed, if passed at all. The discussion of it in the Senate seems in- terminable. Few Senators understand the; subject. Nearly every one has a different plan for funding the debt, There seems to be great difficulty in agreeing upon any measure. Perhaps the best thing that has been said in the Senate during the debate was by that practical old Senator Simon Cameron. He remarked that the consideration of the question should be postponed for a year. Looking at the want of knowledge on this important mat- ter in Congress, at the steady decline of gold and at the financial prospect before us, this course, probably, would be the best. Funding the debt is a measure of such great impor- ance that sufficient time should be allowed to bring it to maturity. Nor is there any neces- sity for immediate action. The national finances are in a good condition and wil not suffer by the delay. The principal object in this Funding bill seems to be the reduction of interest on the debt. To this end three classes of new securi- ties or consols are proposed as a substitute for the present bonds of different denominations, or to be put on the market for furnishing the means to extinguish the different forms of in- debtedness now existing. First, four hundred millions of ten-twenties—that is, bonds re- deemable in coin at the pleasure of the govern- ment at any time after ten years and payable in coin twenty years from date—are to be issued, bearing five per cent interest. These are to be used for the redemption of the exist- ing five-twenties, bearing six per cent interest, but can only be exchanged at par. So, in point of fact, the proposition is limited to an exchange of ten-twenty five per cents for five- twenty six per cents. This is a good proposi- tion if it can be carried out, for one per cent interest would be saved. The inducement offered to bondholders to exchange their six per cent bonds for five per cents is in the longer time the latter will have to run, in the exemp- tion from taxation by national, State, munici- pal or local authority, and in the coupons being made conveniently payable at different points abroad as well as at home. Second, another class of bonds or consols are to be issued, bearing four and a half per cent interest, to the amount of four hundred mil- lions, on the same conditions, and these are to be fifteen-thirties. The supposition ig that bonds having fifteen years to run be- fore redemption and then payable in coin at the pleasure of the government thirty years from date, would be as good as the six per cents now due, or about to become due. Third, four hundred millions more at four per cent interest, and having from twenty to forty years to run, are to be issued, with the same restrictions as to the exchange of them or the price at which they may be sold. The Secre- tary of the Treasury is authorized, however, to issue any additional amount of these twenty-forties for the redemption of the out- standing debt, provided no increase in the aggregate debt of the United States be made in consequence of the new issues. We see, therefore, that not only the twelve hundred millions expressly mentioned may be issued for the redemption or exchange of existing securities at par, but that the balance of the debt may be so transformed by the Sec- retary of the Treasury. The funding of the whole debt by this process, therefore, is con- templated. The question arises here, will the holders of the unmatured debt bearing six per cent interest surrender it at par, or take bonds for it bearing five, four anda half and four per cent interest without 8 premium ? Will the people of Capitalists, at home or abroad, take, in any case, these new bonds at par when they bear a lower rate of interest. Great efforts have been made by the financial doctors at Washington to send bonds up, or, a8 they call it, to raise the credit of the government, before buying up or transferring the debt. In other words, they have been try- ing to make that dear which they want to get at the cheapest rate. The Funding bill, like every financial measure of Congress, has’ in view the extension and perpetuation of the national bank system. That system, to use Old Benton's language, isin the belly of the bill, As a matter of course the greenback currency is to be pushed out of existence. Then there is a monstrous big job in the way of percen- tage to agents for manipulating the debt in its transformation. Congress began at the wrong end. Weshould have hada uniform legal ten- der circulation and several hundred millions of the interest-bearing debt wiped out by that. The whole tendency of the financial legislation of Congress is to increase the wealth of the bondholders and national banks, and to lay heavier burdens upon the people, The Democratic Row=—Some Would-be Leaders. The copperhead organ yesterday called the roll and had a dress parade of its great men. It recited with tender epithets the virtues of Governor Seymour, whom it stabbed under the fifth rib just before the last Presidental elec- tion. It called especial attention to the silk stockings, of Sammy Tilden. It appealed warmly for consideration of the “‘liberality” of August Belmont. It stirred up daintily and with a long pole Governors Church and Beach. Well, what of all that? We also admire Gov- ernor Seymour, and are of opinion that he is an excellent member of the Dairymen’s Asso- ciation, As for Sammy Tilden, he is as satis- factory a political Mother Hubbard as we know, only we have a notion that the dog will certainly be dead before he comes with the bone. We admire Belmont also, and can con- scientiously say that, considering him all over and through and through, position, character, race and history, he is the most astonishing head for a democratic party, as we know it, the world ever saw. But what is the especial point in this array? Why are the noble animals trotted out and fed just now? They seem to come out on this text: The Hgrarp has ‘“‘teemed for several days with the vilest epithets levelled at the heads of Sheriff O’Brien, Senators Genet, Creamer and Norton, and Congress- men Morrissey and Fox.” But what, in the name of the great panjandrum, have Seymour, Tilden and Belmont to do with Morrissey, O’Brien, Genet and Norton? Did Tilden ever handle a shillelah? And what sort of a ballot box stuffer would Belmont make? And how would the bucolic Seymour shine in the P. R.? These are strange associations. The secret of them seems to be this: The HERALD, believing that power in the demo- cratic party was about inits last stronghold of decency—that if it fell from the hands that now hold it into the hands of those that most urgently seek it evil would certainly come to the community—deprecated such an event, and in so doing characterized as it deemed fit the roughs, strikers and others who essay to rule us. The copperhead organ comes to their rescue and spreads itself to state the political virtues of the opponents of ‘‘the ring.” Be- hold the conclusion! It runs over the names of Morrissey, O’Brien, Norton and Genet, and then gives a paragraph apiece to Belmont, Seymour, Tilden, Church and Beach, There is no paragraph to land the genius of O’Brien ; none to dwell warmly on the achievements of Morrissey ; not aword for the little brilliancies of Norton. Is the greatness of these men un- known to the copperhead muse? Are their accomplishments thus to be quietly left out of sight? Are they to be nowhere when leaders are discussed ? The copperhead.organ speaks for Tilden and company ; but it speaks a language not known to the adherents of Jimmy O'Brien. It is lay- ing pipe for the alliance of its gentle carpet knights with the head-breaking and ballot-box stuffing worthies of many a political fray; but it counts without any host. In fact, the roughs and political desperadoes mean business, and they don’t mean Sammy Tilden. They mean the spoils, and have a noble contempt for silk stockings. They have their little idea that as Peter Bismarck Sweeny and Big Six Tweed were the followers and pupils of Fernando the First and have made their millions, so they want to be the followers in turn of Sweeny and Tweed and make their millions also. They are after the scalps of these big braves, there- fore—and the spoils—and they do not propose to divide with the political dilettanti. How- ever pleasant an alliance might be in Tilden’s view, the fellows with whom the row origi- nates will have none of it. If these fellows throw off the restraint of Sweeny, Hall and the rest, will they put themselves in leading strings to Tildenand Belmont ? That would be to throw away the victory. If these strikers for the spoils accomplish their purpose by changing the democratic dy- nasty here, they will have no such deadheads as Tilden to share the plunder of their hard fight. That is one result to which the copperhead organ may make up its mind. Another result will be that we shall have no new Charter, and we shall find ourselves indeed all the worse for the victory that gave the State to the demo- erats, Indeed, when the republican politi- cians held the State and the democratic politi- cians the city, in that hostility and chronic dis- agreement of rogues there was a little chance for honest men; but with a happy harmony between the rogues all around the honest man’s last little chance will be‘gone. More REoonstruction.—There was a lively debate over the Georgia Reconstruction bill in the House of Representatives yesterday. Ben Butler spoke in its favor, and in the course of his remarks alluded to Tennessee, and said that he proposed to very soon bring the attention of the House and country to that State, where hundreds of men were being murdered weekly. Mr. Farnsworth denounced the Georgia bill as intended to prolong the tenure of office of those representatives from that State who had served in the previous Congress, and expressed the opinion that Congress had got itself far onough in a muddle with its reconstruction legislation. If there is one thing more than another that inclines us to oppose any further meddling with the Southern States it is the frightful stories of murder, robbery and desolation which will be published in the radical news- papers as soon as they are taken in hand. Let us reflect fora moment on the horrors of a nightmare. NEW YORK HERALD, SATURDAY, MARCH 5, 1870. The Missing Steamers. We are ati! without tidings from either of the missing steamers, the City of Boston and the Smidt. The former left this city on the 25th of January last, and Halifax on the 28th for Liverpool, since which day nothing has been heard of her. The Smidt left Bremen on the 21st of January, bound for this port, and since that date there has been no report of her whereabouts. Thirty-six days for the City of Boston and forty-three for the Smidt, and no tidings of elther, are figures calculated to excite grave apprehensions concerning the safety of both ships. It is indeod surmised that, coming from opposite directions, they have, perhaps, both been destroyed by a collision between the two vessels in the dark. The Board of Under- writers at London have declined any further risks on the City of Boston; but the under- writers of this city and the agents of the Bos- ton and the Smidt still believe in their safety. We think, too,*there are some very good reasons for this opinion. Captain Hoffres, of the bark E. A. Kennedy, which arrived yes- terday at Boston from Liverpool, reports hav- ing passed a steamer in latitude 48, longitude 35. She was lying atill, heading west north- east, and to all appearance was in good condi- tion. Although she was headed in the oppo- site direction to that which the City of Boston would take on her voyage, it is not impos- sible that she was the missing steamer. But aside from the hope which this intelligence holds out, it will be remem- bered that some fifteen or sixteen years ago the Collins steamer Atlantic was at sea five or six weeks without any tidings of her, but that when the most hopeful began to despair the good news came of her putting back and her safe arrival in Cork, though in a crippled con- dition from the shock of a heavy gale. Again, for the last thirty'days or more the prevailing winds on this side the Atlantic have been heavy nor'westers, while on the other side they have been heavy and stormy from the east- ward; so that within this strong Interval the passages of all steamers and sailing ships both ways within the lines usually sailed between New York and Halifax on this side and the British islands on the other side have been passages unusually long. Very little hope, as we are informed, is entertained at Halifax of the City of Boston, in consequence of an un- successful search for her at Sable Island and thereabouts; but itis probable that, disabled by heavy gales, both the Smidt and the Bos- ton may have drifted down, under the same pressure of winds and waves, to the Azores or Western Islands, At all events, till we hear from that quarter, if we hear nothing of them meantime, we shall hold to the opinion that both the missing steamers, though disabled, are most probably safe. The Latest Tributes to Young America— The Russian Government and Anson Bar- lingame. Time was when the United States had no thoughts beyond themselves. {[ was a young people of European stock, full of ancient tra- ditions, yet forcefully impelled by new princi- ples begotten of the causes which gave them an American home and of the more immediate causes which gave them a national life, Broad and undeveloped territory did not in the eyes of Europe compensate for the absence of num- bers and wealth. When Franklin went to Eyrope and appeared at court he was no doubt outwardly honored; but he was really Icoked upon as almost any civilized company would now look upon Dominie Sampson or the father of Samuel Taylor Coleridge or Dr, John- son, if any of those persons were suddenly to make his appearance among them. Exter- nally honored, internally laughed at—that was the fact sixty years ago. But how we have bounded forward since then! With one or two foolish exceptions our representatives have maintained their republican simplicity at all the Courts of Europe. The plain black suit has grown in respect, and the American Minister has more and more been sought out and honored. Our late war opened the eyes of Europe and the world. It was felt everywhere that another and a greater Rome—with no chance for a Cesar—had found an existence and a field for its development. Even far away China felt the force of the new and universal conviction, and Anson Burlingame was selected as its agent to visit the United States and the vari- ous governments of Europe, and to make an end, if possible, of that absurd and cruel sys- tem which called China barbarous, because China had some respect for its own time- honored past. The success of the mission justified the action of the Chinese government, while it did honor to the United States and to Anson Burlingame. At all the Courts of Europe the example of the United States has been imitated. The Embassy has been well re- ceived and its purposes have more or less been accomplished. It has been the fate of Anson Burlingame to die before his work was done. But greater men than he have died with an uncompleted task on their hands. It is some- thing for his countrymen to be able to say that he began a good work and that he gave it good hope. Itis better to be able to say that while he rests from his labors his works will follow him, Russia has all along, even in dark and sometimes hopeless days, been the good and steadfast friend of this people. The care taken of the remains, and the expressions of good feel- ing made to the family and friends of Mr. Bur- lingame, are not different from what we expected, We thank the Czar, we thank the Empress, we thank the Russian people. But as we looked for no more we are nelther sur- prised nor disappointed. Tas New Excise B11. is fully as liberal as the democratic ‘‘boys” could wish, It pro- yides convenient escapes from all the incon- veniences that it imposes, so that, although it does not make it lawful to sell liquor on Sun- days or election days, or between one o'clock and daylight of any night, it allows a generous margin by which the unlawful thing can be done with very little inconvenience. It has been prepared with an eye to the peculiar fit- ness of things that is not usually a legislative - feature. It secures by license an annual in- come of about sixty or seventy thousand dol- lars, and this fund is to be devoted to the support of inebriate asylums, There could be nothing more appropriate than that. Indeed, considering the facilities for drunkenness and the appropriations for the asylums contained in the bill, it’‘might have been fitly styled “A bill to foster and maintain ipebriate asylums.” {Indian Troubles Out West. Itseems to be a settled fact now that every spring we are to have reports of threatened hostilities on the p&rt of the wandering red- skins of the Plains, with the customary ex- cuse of non-fulfilment of treaties. This spring is no exception to the rule, notwithstanding our despatches published this morning bring the intelligence that the tribes of the south- west, which had decided upon a war of extermination with the whites, have changed their policy and will remain quiet. Gratify- ing as this news is, we are not alto- gether assured of peace. Already one of the frontier commanders gives a gloomy de- scription of the condition of affairs in his de- partment. The Sioux Indians—one of the most powerful and dangerous tribes out West—complain bitterly of the deceit prac- tised towards them by the Peace Commission, They ask, ‘‘Where are the houses you were going to build us? Where are the cows, the sheep, the pigs, &c.? But, above all, where are the guns and ammunition we were to re- ceive?” This frontier commander—General Stanley—urges on the Washington authori- ties the importance of encouraging the friendly Sioux in every possible way. He says they have used all the means they could to induce their hostile brethren to come in and bury the hatchet. He recommends the faithful falfil- ment of the treaties made with them by the Peace Commission. We fear very much that the unscrupulous traders and road agents who eke out an existence by cheating alike the government and its redskin protégés have neutralized all the efforts of the broadbrim philanthropists sent out on the Plains to establish friendly relations between the Indians and their Great Father. The only way to strike at the root of the evil isto punish or banish these mischievous rascals, who have been, beyond doubt, the cause of nearly every Indian war for years past. A considerable amount, if not all, of the appropriations made to our copper- colored friends by the government falls into the hands of these rapacious harpies, and the inevitable result is to dxjve the Indians on the warpath. If the Peace Commissioners and frontier commanders would only hang a few of these worthies they would do more to put astop tothe annual outrages which desolate the settlements of the far West than all the treaties in Christendom. The experiment ia well worth trying. Important to Office Seekers. Applications for the position of United States District Attorney for Washington and the District of Columbia may be made to the Attorney General, to the President direct, or to any influential ad- ministration member of Congress. The place is understood to have been vacant for some time past, as no one has proceeded against the lobbyists, who are proved by Gene- ral Logan to have been engaged in bribing government officials and liable under law of Congress approved February 26, 1853. We published the section in fullin the Heranp of the 28th ultimo. It provides that if any person shall directly or indirectly offer or give any money, goods, bribe, present or reward, or any valuable thing, to any member of Con- gress, clerk, United States official or em- ployé, high or low, for the purpose of influ- encing his action, the person so offering and the official receiving shall be liable to indict- ment as for high crime, and upon conviction thereof imprisoned in a penitentiary not ex- ceeding three years. It is certainly high time that we had a District Attorney in Washington to attend to this business. The execution of the law is the strong point with the present administrgtion. Let the President look to the matter at once. PostaL TELEGRAPH CaNARDSs.—The an- nouncement recently made that the postal telegraph system had proved a failure in Great Britain is well understood to be canards put out in the interest of the Western Union monopoly. The fact is, the postal system has not been fairly tried in England. Less than a month ago the government took possession of the monopolists’ wires and commenced the inaugu- ration of the new system. The enormons increase of business brought suddenly upon the wires by the change has caused a little friction, and a few cases of delay have heen reported. The monopolists are raising a howl over what they falsely term the failure of the postal system in England. The announcement in question contains falsehoods too numerous to mention, and its statements of fact are in every case grossly exaggerated. The object of its publication is to prejudice Congress against any change in the United States. Ovr New Minister To Liserta.—The President yesterday nominated James W. Mason for the office of Minister Resident and Consul General at Liberia, Mr. Mason, although a mulatto, is a gentleman of fine edu- cation and a soldier of distinction. He was educated in Paris and served in the French army during the Crimean war, winning the rank of lieutenant colonel by his gallantry. In reinforcing the corps diplomatique from the corps d'Afrique President Grant bas doubtless done well. Jersey City as A Port or Evtry.—A bill was quietly passed through the House of Rep- resentatives yesterday making Jersey City a port of entry. Theenterprising men of Jersey think that this is all they want to make Jersey City a formidable rival of New York in im- ports and exports. The hillis certainly o measure of the highest importance to both cities, in profit or loss, and from its easy pas- sage through the House there may be a pro- bability of its passage by the Senate before the people generally on either side of the river kaow what it means. New Jersey Gertine Puvoky.—The Cam- den and Amboy monopoly sustained a defeat in the New Jersey Legislature yesterday in an effort to kill a bill incorporating the Western Hunterdon Railroad Company. This is a promising sign, and if the Jerseymen only keep up their courage there is no telling but that they may be able to shortly reverse posi- tions with the monopol, Waat Nexr?—A bill has been introduced in the Legislature for an underground railroad from some one of the ferries in Brooklyn to East New York. If all the plans for underground railroads were put in operation New York and Brooklyn would oon be standing on stilts. old hospital butlding. LARGE FIRE IN NEWARK. Immense Destruction of Passaic River Front Property Early This Morn- ing—The Loss Estimated at Over $100,000, One of the most destruotive Ores ever witnessed in Newark, N. J., broke Out there last night, between eleven and twelve o’clock, among @ group of batia- ings located on the Passaic river front, at the foot of Centre street, opposite the Centre street depot of the New Jersey Rallroad, and owned vy three New York capitalists, two of whom are named Cornish and Blood. The property is better known as that formerly ownea by B, T. Nichots, It was purchased by its present owner for £200,000, and is directly in front of the Old Ward Hospital, where, in the course of an emeu(e during war times, two soldiers were shot, ‘The fire originated in the brick building occupied by William Macdonald as a planing mill and general wood work factory, and spread with remarkabie ra- plidity to the adjacent buildings, some being con- structed of wood and others of brick. The box fac- tories of Mr. Simon and Mr. Headly soon became masses of fire, which communicated to the exten- sive trunk and valise factories of Mr. Lagowitz, a brlo« butiding on the off corner to the lert of the Ia the opposite direction, at half-past twelve this morning, when the HaRALD reporter left the avene of the condagration, sev- eral of the brick ouildings had already fallen in, and the prospects then were that the fire would continue to defy the efforts of the entire Fire Department, which, with the ex- ception of one engine (Minnehaha), was out and doing its utmost, under tne direction of Chief Engineer Corbuft. it 18 exceedingly aim- cult to estimate what the loss will be, inasmuch as the fire 19 still burning as flerce asever at this wrne (two o'clock A, M.), but it will certainly ex- ceed $100,000. ‘The extent of the fire may be imagined when tt is stated that in Elizabeth, four miles off, the illumina- tion was so brilliant that pins almost migot be picked from the streets. ‘the houses sor ten miles hier jeg least, in every direction, were brilliantly jumped, Despite the hour thousands of citizens througed the surroundings of the confagration. Luckily the 11:45 passenger train for New York was not detained, a8 it was enabled to cross the river over the new 1ron bridge at the foot of Market street, FIRE IN FORTY-SiVENTH STREET. eee A Four Story Brown Stone Dwelling House Destroyed—Loss $25,000. Late last night a fire occurred in the new four story and basement brown stone house No. 7 Bast Forty-seventh street. The house was new and but just finished, and tt is supposed the fire originated from a furnace used for drying the building. The Joss 18 estimated at $25,000; insured. The house Aer vo Andrew J. Jarvey, and was insured for »,000, THE GOLD TUMBLE. Experience on Change Nowadays—Tho Bee Jnated Bulls and Bears=Gold Down to 112 7-8. ‘The decline in gold was the great topic yesterday in Wall street. A feeling prevailed for several daya before that the standard of values, if it might be so called, would enter upon an upward course and bob around in the neighborhood of 120. It touched 112% before the day closed, The persistent ten- dency, however, of gold to descend caused all the excitement which made the Gold Room yesterday the scene of as much turmoil as characterized the famous days of the iatter part of last September. All the bulls could do fatled to affect the heavy gravity of gold. The Gold Room was a place of most extraordinary excitement. ‘The familiar fountain in the centre of thgt great re- sory of the untamable bulls and bears plashed as peacefully 43 usual and sent its freshening vol- umes of spray over the weary and tired loungers who hung round ts border. The way the bulls and bears behaved yesterday would have confounded the most intelligent foreiguer. They lite- rally danced and howled, roared fiercely at each other, as. if each was about to fly at the other’s throat, shouted louder than i was wought possiole human lungs could withstand, and otherwise behaved in a very bew! dering aad detirious manner. It was generally a mitted thatthe tendency of gold was downwards; but few, however, gave credit to the notion that tt was about to descend at once 10 par. To refch that point tt was easy enough to perceive that fifty different causes iay in vhejway—thetsmall share of builion in the Treasury, the likelihood of imports exceeding the ligures at which they have been recorded in the last quarter, the suspense felt in regard to Vongresstonal legislation and other things that make an element tn the aggregate infu- ence. Nevertueless, af beliet appeared to prevail that gold was destined to go to 100 in # rush, and, as s consequence, much trepidation was fell among those who held imported stocks purchased at a higher rate than 120. Yet, after all, it may be safely set down toat our merchants, who feel themseives somewhat imperilied by this rapid and low decline of gold, are better satisiied, though they may suffer 10 the ordeal, to see our finances Lending quickly to their normal basis than if they had to walt the tedious process of governmental resumption of specie payments. ‘The spectators’ gallery of the Gold Exchange was crowded to suffocation with auxious or curious out- siders. In the pit below, or, in other words, in the arena whcre the gold brokers yell like a set of devils, all the interest centred. The din was periectly terrific. A pantomime of Fox’s, with all the harum scarem elements exaggerated, gives but a faint idea of the utter confusion, the madness controlied by method,§ that characterizes the Gold Room. They shouted across the fountain space like 80 many maniacs challenging” each other to more than mortal combat. bey did not tear their hair or pull their fancy whiskers to pieces, but they strained their vocal powers to breaking. The spectators were 83 Much excited as the operators, and if tney only had a little training in the ways of Eo Diace might have gone im as ardently as the others, At the Cotton Exchange there was a good deal of excitement also; for, sympatnizing with gold the great Southern staple had declined several cents per pound, ana many brokers were unusually exercised in the endeavor to dispose of their orders to advan- tage. Gold will coutinue to foster excitement some time longer tn Wall stceet before it is finally quieted and brought to its logitimate levei. PERSONAL INTELLIGENCE. Prominent Arrivals in this City Yesterday. General John B, Frisbee, of California, and L. de Hengelmuller, Austrian Vice Consul of Japan, are at the Brevoort House. Major J. H. Norton, of the United States Army; Samuel Cattell, President, and twenty members of the Select Council of Philadelphia, ana General St. Clair A. Mulholiand, Chief of Police of Philadelphia, are at the Metropolitan Hotel. , Admiral J. Rogera and J. T. Boston, of the United States. Navy; Congressman 0, Ames, of Massachu- setts; Congressman #. L. Dawes and J. B. alley, of Massachusets, ate at the Astor House, Captain M. A. Sbaffendurg, of Denver; ex-Senator J.B. Chattee, Of Colorado, dnd R, Gardaer, of Kala- mazoo, are at the St. Nicholas Hotel, W. H. Olmsted, of Hong Kong; J. W. Hopkins, J. D. Crawford and M. Ramsay, of Montreal, are at the Hoifman House. Colonel S. V. Ruder, of Virginia; A. D. Shattuck, of Massachusetts, and Dr. J. R. Markel, of Cheyenne, are at the St. Charles Hotel. Commissioner Miller, of Albany, 1s at the Fifth Avenue Hotel. A. H. Bruyn. of Kingston; Benjamin Letcher, of Louisville, and Captain N, B. Palmer, of Stonington, are at the New York Hotel. Prominent Departures. Senator Fenton, for Washington; Captain A. H. Totten, for Princeton; J. frank Carroll, for New Orleans, and Dr. Alexander Reeves, for Boston. THE JERSEY CITY YACHT CLUB. —— At the meeting of the Jersey City Yacht Club held on Thursday night the following oMcers were elected for the ensuing year:—Commodore, 8, P, iF Commodore, Charies A. Hopkins; Treas- aa, ut. Reynolds; Secretary, Charles H. ‘Lander; Measurer, S. G, Ketcham; Directors, 8. P. Hill, 0. A. Hopkins, A. B. Reynolds, ©. H. Lander, 8. C. Ketcham, J. Jardine, A. Clerk, Dr. H. C. Walton; Frederick Grain, Wiliam Hughes, ©. A. Smith; Finance Committee, 8. P. Hill, J, Jardine. H. Janne; Standing Committee, J. Kaylor, &. J. Weodrud, C. a. smith; Steward, James L, Grand. John Rogers and C. Hankins were elected honorary members of the club. ATTEMPTED BANK ROBBERY IN BROOKLYN. At alate hour last night two burglars attempted to enter the Carroll Bank, corner of Court and Prest- dent streets, Brooklyn. Several citizens observed their movements snd notified the police, in the meantime the buraiars eagaped.