The New York Herald Newspaper, March 21, 1870, Page 6

‘esi = a NEW YORK HERALD |™ ™" 2," and Congress. , BROADWAY AND ANN STREET. Last Friday morning the administration si members of the Committee of Ways and JAMES GORDON BENNETT, EBOPRUBTO R. Means—seven in number—called at the White President House, where thty had an hour and a half’s interview with the President, mainly in rela- tion to the Funding bill, The call was made in compliance with the express invitation of the President. The result of this important interview cannot now be stated with precision. pases By what right these servants of the people AQUIMPIC THEATRE, Brosaway.—New Veasiox oY | presume to keep their employers ignorant of ‘the progress of the work they are well paid to perform we will not now stop to inquire. It is very clear, however, what course they ee Volume XXX. ste eeeeeeeeetererens =e . AMUSEMENTS. TH ‘S$ THIS EVENING, GRAND OPERA HOUSE, corn corner of Eighth avenue and M2 at.—-Tok TWHLVER TEMPTATIONS. PET avENUS THEATRE, Twenty-fourth at.—!200 WOOD'S MUSEOM AND MENAQERIR, icondiray, cor. ner Thirtiotb s:,— Matinee daily, Performance every evening. NIBLO'S GARUVEN, KMBBALD Ring. BOWERY THEATRE. Bowery. MEN-—-TRALRZE ACTO—THE RRC! —THE Drama ov THR three parties interested in the Funding bill: First, the taxpayers, who pay both principal and interest; second, the capitalists, who have loaned their money to the goverpment; third, the brokers, who stand between the two first named and make a little something from each. The Funding bill that. passed the Senate on ‘an THAPR GUARDA. ACADEMY OF MUSIC, Mth street. —Hwcuisit OFema Dew Fasisosvr:, ROOTH'S THEATRE, 25d at, between fii anc 61D ayn, — A New Way wo Vay Op Depts. WALDACK’S THEATRE, Broadway and 18th street. at Ska, the 11th inst., and was made the subject of the MRS, F. B. CONWAY'S PARK THEATRE, Krookiya. | White House conference on Friday last, is Paou-Fsou. wholly in the interest of the brokers or middle- men. The interests of the taxpayers and bondholders were certainly not regarded by the framers as worthy of any consideration whatever; for, while the bill reduces the rate of interest paid to the latter, it adds vastly to the burdens of the former; in fact, it is arranged so that the middlemen ‘can stand between the two and prey upon each. As is usual in bills of the kind, the most ne- farious portion is smuggled into the very last section, which provides for an inorease of four hundred million dollars to the bonded interest- bearing debt of our country and about forly- one million dollars per annum additional sub- sidy to the national banks. Under its provi- sions national banking associations may absorb aes the four hundred million dollars of greenbacks now outstanding, and, by depositing them in A 3 R I ‘ig L E Ss H E nD T. the national easy be cancelled, receive ca = in retarn therefor seven, hundred and twenty New “Yor” Marek a, 1570. | million dollars in gold-bearing bonds and cur- ESP rency—four hundred millions of the former corrests OF To-DAT’S ‘WERALD. ahd ‘ines hundred and twenty millions of the BROOKLYN ACADEMY OF MUSIC. ver a8 Hauser. TONY PASTOR'S OPERA ft . aed Bowery. 0 Vooatiam, NEGRO MINSTREL! THEATRE COMI tom, Neono ac aid BRYANT'S ovkRa HOUBE, Tammany Building, Mth at. —BRYAN1'S MINSTRELS, SAN FRANCISCO MINSTRELS, 586 Broa way. wien MINeTRULST, NEGRO AUTS, &0.— —CHARLRS Fron. S18 Broadway.—Couis Yooar. FTMro - “18 TEMPTATIONS. KELLY & LEON'S MINSTRELS, 10 Broadway. ~KrMto: PIAN MINGTRELSKY, NEGRO AOTS, & NEW YORK CIRCUS, Fourteenth 1 street.—BQuesraian AND GYMNA6TIC PERFORMANCES, & POLLO HALL, corner 28th street and Broad fos Tux New Hinknntoon, pata OOLEY'S: OPERA HOUSE, Brookivn. miserente rum 4-1 Turnves, &c. Hoounr's NEW YORK MOSEUM OF ANATOMY, 618 Broadway.— SCIENCE AND Ax. Monday, pn Rie Mga: latter, the one bringing four per-cent gold from j= Advertiser y 7 lrpiiicceeratioeg the people’s Treasury, and the other whatever 3—Religious: Sermons Yesterday on Dogmas interest the rapacity of national : bankers may and Duty, Pollucs, Providence and Piety, | Please to extort—not less than eight per cent Morality and Virtue; Crowded Houses and | on an average. Attentive Congregations ; His = Holiness In short, section nine of the Funding bill is worth, if it becomes a law, Hauled Over the C m D. : ;. marae Lemna siinuaatirutba cna inc tt forty-one million dollars per annum to ' @—Rehgions (contwued)—Remarkable Heroism or | the national banks that will certainly organize @ Young Girl, under its ample provisions. It is difficult to S—Rurope : Special Review of the London ’Change } find language to properly characterize such a and Notes of European Financial Speculations; Tne American Colony in Parts; General Sicktes’ Banqnet and Speech in Madria—~ Tne Missing Iron-clad—St. Domingo: The Excitement in Favor of Annexation—Shall Our Government Render Aid to Mexico !—The Harlem Stabbing Case—The Wynockie Lost Chuldren—The Newark Elopemeni. G—Editoriais: Leading Article on The Financial Policy of the President and Congress—Amuse- meut Announcements, 3 7—Edtorwis—Telegraphic News from A!) Parts o! the World: The Steamship Satnaria Disabled proposition. We are confident it will never pass the House. Instead of adding to the na- tional banks those already in existence should be legislated out. Let the section be reversed or struck out entirely. The object of a Funding bill is to fund the debt at a’lower rate of interest and decrease the taxpayers’ burden. The object of the bill now before the Committee of Ways and Means is to decrease the interest on the pubjic debt, in- Om the Ivish Coast, but Relieved; Prince | Crease the taxpayers’ burden and fill the pockets Pierre Bonaparte’s Trial; French Diplomacy | of the middlemen and coffers of the national Towards the Holy See—The Muntcipai | banks, The duty of the committee is plain. They ‘Troubles in Richmond: A Platoon of Ellyson’s Police Fired Upon by a Crowd of Negroes; One Policeman and Three Negroes Ktiled—Musical and strical—The HERALD in the Country—~ Persoual intelligence—New Jersey News— Fatal Railroad -vasuaities—Burgiary tn the Eigith Ward—acctdent at the Newark Bay weener Ce National Game—PBusiness Notices, 8—Cuba: vements of the Insurgents in the Guines District; the Reported Ofer of General should prépare ah entirely new bill, disencum- bered of all national bank complications—a simple, plain Funding bill. Let agents be ap- pointed at fixed salaries by the Treasury De- partment to take charge of and superintend the whole business, without the intervention of any general agent, with a ten million dollar commission for the whole job. The Depart- Jordan to Seil Out the Cubans—Musical Re- ment eae we ns wee Heaters at view—The Paraguayan War—Immigration | * Section making agents remit to the Treasury Affatrs—Obituary—Art Notes—The Kearny | Department the proceeds of bonds whenever Monument Fund—Sad Case of Suicide in Bos- | they amount to twenty thousand dollars, and ton—Khgbted Hopes—Ecelesiastical Woman | in cities where there is an assistant treasurer ie ae natant HOURe. they should deposit the proceeds of sales with Q—May Moving: Where Will the Coming Man | him» daily. The practice of letting agents Iive—Real Estate Matters—Internal Revenue | have the free use of several million dollars of unadjusted balances month after month we Court Calendars for To-Day—Financial and Commercial Reports—James Watson Wedd as | have had, to say the least, quite enough of. Pitas poa rec on the Ram- } “When the time arrives that funding i is prac- .10—"ashingion: Commissioner Delano Not to Re- | ticable let agents be appointed in the principal sign; The Prospects for the Confirmation of | cities of England, France and Germany to he aged ee etme. ae change the existing bonds for new ones; but if i—New Ye ¥ 3 Intelligence — sayertise- | Payments be made only in New York and Wasbington—-at our commercial or political ‘metropolis. ‘The Treasury Department can notify each series of the five-twenty bonds separately and offer the holders their mongy in ‘New York, the interest to cease at a fixed day, or give them new bonds at the different cov- venient agencies in Europe. Whenever the new bonds ean be sold at par the ing of j the old forfihe new ones in Europe will be an easy mat gence -- Siipping ments. z 11—The Jersey City Fire—The Communipa d their ¢ As there three memb npelled to one censured, the Honse is to be o omly nd only congratulated Tn CaenoKe ATION, a8 an independent commonwealth, protests against the tyrannous legislation of the United States Senate in the bre regard to certain lands taken under the treaty reached (i } of 1866. This onomaly of a nation, which has a chief of iis own and is half free and half Samaria: faid * tugs wens oi news. subject to the laws and treatiesof the United States, objects fo being made the mere football se _ | of legislation, It does not like to have its pect some inerest | jands and property and rights taken from it tor Pi mere song without first being’ consulted. Cont proceedir to-day. ‘have sor con the Cuban question, among | f; opjecis to having its wealth portioned other ¢ if General Banks | out among specalators by the secret decisions fntends to b ad in favor of Cuba, | of the execulive session. And so its chief, he has not to gain by waiting. On the | who is a ruling prince in the republic, accom- ional govern- panied hy a delegation, has sent in to Con- a favorable mood for | gress & memorial on the subject, which, fhe proper uppr n of & broad Congres- ) coming from a mere buglesque nationality, is a Hons bins fr0 ai remarkably dignified and manly document. Taw Rrowmoxy Inneouro has resulted in | More Avterations oF Cartirrep CancKks.— another skirmish between the vegroes and | The attempts made last week by a pair of the new police, in which one of the policemen | sharpers to deceive the bewitching brokers of and three aegroes were killed. The negroes } Wall street into cashing altered checks, and tho fired in a volley from a dark olley upoa*a | general feeling of insecurity regarding all patrol, who iiamediately fired ba ben the | bank checks which prevails, in conse- negroes The whole difi an exX- | quence should induce the business com- ceedingiy unfortunate one, Bou asitdoes, | munity to adopt onr suggestion of upon the heels of reconstractio maarring, | printing these checks in ink of different colors like a black blotch, the fair promise of re- | for the jons denominations. It is the only Benerated Virginia sure means of detecting fraud in this respect, i a and will prove an effectual checkmate to the A Hone Tirusr. 0 1 aui- . | harpies that ar on the business community, mus in regard to the army was well se and { well rebuked in & conversation be an] Mr, another column ‘will iis found ao interesting n correcting some misstatements officer aud # Oo tive valug of the services ong } commun at country. In answer to rea {on points ‘uct in Mr. James Watson Webb's whould not be redneed the Congre recent letter in regard to the struggle fn Onba, “Why, we can get plenty of n » your | Asa reporter of political eveuts ia that island place for thirty dollars a month. wit * plied the er, “and we can get ploaty to fake your pluce for the stealings.” Mr. Webb displayed ability and force, but as aceporter of naval movements ho fovms to | have altogether failed. ought to have determined upon. There are’ t NEW YORK HERALD, MONDAY, MARCH 21, 1870. TRIPLE SHEET. nascent inctaaseriat tpasenasanisamamnbiisihincaaiaisncciiinmnptatpiicnsiis tan Ben sssisthililemnnipttenmenncmnetied The Churches Yesterday. A clear, sunny morning greeted the pious and worshipful yesterday, inviting the indif- ferent as well as the devout to a pleasant stroll to their favorite places of worship, As a consequence of the delightful weather all the churches, and especially those patronized by our aristocracy, were well filled. Aside from the .very natural craving for religious instruction which undoubtedly filled every breast, there were attractions suf- ficiently powerful to influence « large attend- auce, A wedding on Sunday is: not of fre- quent occurrence; therefore it was that the union of “two souls with buta-single thought” at the Church of the Divine Paternity was doubtless the reason. why 4 brilliant and “highly fashionable” congregation crowded the pews and aisles of the temple. The occasion was seized upon by Dr. Chapin for the deliver- ance of a sermon which may or may not bo regarded as pertinent, according to people's way of thinking. His text was a verse from Isaiah, which saith:—“Thou wilt keep him in perfect peace whose mind is stayed on thee; because he trusteth thee.” Ad- dressed to 2 woman about to enter upon a matrimonial life no» advice could have been more appropriate. We deeply deplore the fact, but itis undeniably true, that all women do not keep their husbands in per- fect peace. And Dr. Chapin probably thought of that fact when, in the course of his re- marke, he referred to men who, in the midst of their perplexities, sometimes look upon the grave as a desirable place to flee to, where The wicked cease from trouvling And the Weary aro at rest, Io connection with this Sunday marriage, which was of a social as well as of a religious character, it is noteworthy that an unusually large number of sermons were delivered yes- terfay on subjects bearing directly upon social life. At the Church of the New Jerusalem Rev. Mr. Giles preached a third sermon'on “Heaven,” in which he showed how virtue or. vice reigned in the family circle through the conduct of the husband and wife; while at Plymouth church Mr. Beecher taught the ‘duty of witnessing from Christ” by drawing several pictures descriptive of what he had witnessed in society. It is needless to say that the reverend gentleman caused his auditors to indulge in a’pious shower bath of tears, and subsequently dried them in the sunshine of smiles. At Brevoort Hall Rey. My Bellows contrasted our home life and our® religion in a very eloquent sermon. But probably the most remarkable discourse on a social topic was that delivered by Father Farrell at St. Joseph’s Roman Catholic church on the school question, and in which the priest gave ex- pression to some of the most liberal senti- ments that have emanated from the Catholic pulpit in the United States—sentiments which smack strongly of the views held by Father Hyacinthe. Turning to the other temples, we find that at Grace Church there was more than the ordi- nary display of fashion and elégance, not the least noticeable feature being the gorgeons chariots which conveyed the elect part of the way to paradise. We are admonished that true religion is not inconsistent with display. Undonbtedly the wealthy fashionable carry their cross alike with the poor. Itia noticeable, however, that some of the former carry theirs set with diamonds and rubies—probably trom excess of veneratign for the divine instra- ment, Dr. Potter’s sermon was on “‘Unclean Spirits” and was very able and convincing— Father Preston discoursed at St. Ann’s Roman Catholic Church on spirits, which he evidently deemed erring, if. not positively nnclean, his subject being confined to Catholic doubters and offending journalists, At the New Eng- land Congregational church on Fifth avenue Rev. Mr. Sturteyant, Jr., explained to his congregation the true test of Christian reli- gion, and over in Brooklyn Father McGivern, at the Church of St. Charles Borromeo, taught the needful lesson of charity for the opiuicns of our neighbors. Not only at the churehes we have named, bnt at numerous others in¢this city, Brooklyn, Jersey City and Washington, reports of which will be found elsewhere, the attendance was large, the congregations attentive and the sermons full of instruction and entertainment, Those who did not attend divine worship were doubiless prayed for by those who did, and so we feel hopeful that many souls were saved yesterday. ' Tur Srraev Ovenrxo M The mania for opening streets is becoming as preva- lent as the mania for blood-letiing in olden times among allopathic physicians, Real estate speculators buy a plot of ground on Manhattan Island, and whether the necessi- ties of the situation require it or not, streets nist be laid ont and the tory surrounding itgraded accordingly. This costs an immense amount of money. Vf the city government would do justice to taxpayers they would not dally with landholders in this matter. There are certain sections’ of the unimproved por- tions of the city that imperatively demand the attention of the local as well as the State government. Property on the west side, fringing upon the borders of the beautiful Hudson and clasping our splendid Park, is surrendered to squatters, and respectable resi- dents are obliged to submit for transit to such accommodations as the Kighth Avenue Railroad Company vouchgafes to afford. The street opening mania is becoming one of the bothers of taxpayers, and unless properly directed will become a serious and permanent disadvantage to our citizens. Aw To Mexico. ae “communication froin General Rosecrans will be found in another column urging the expediency of our rendering some aid to Mexico in her efforta at internal improvements. It certainly seems if internal improvements in Mexico were once assured ona large scale that she would become one of the wealthiest and gieatest nations on the globe, and it is highly probable that if we gave her a good start or helped her materially her prosperity would reflect greater Instre on us nnd be an additional security for our own peace. But the great tronble that will, appa- rently, oppress Mexico forever, is the cause of the failure of all efforts to aid her. If the revolutions which are continually prevailing within her borders were to subside or be effectually quelled individual enterprise or goveroment aid would seek her out aod belp build her up quickly enotgh. $$$ $$$ _0_00 OOO = 4 aie Our Commercial Interests in the eaters World. The immensely Valuable trade of the Hast has been always coveted by great commercial nations, and there bas been an intense rivalry for it ever since Europe began to make com- merce the source of its wealth, power and pro- gressive civilization. From the dawn of com- mercial development the rich and populous countries of Asia, Chins, India, Japan and other Asiatic countries have been regarded as the greatest field for trading enterprise. Eng- land, Holland and France were rivals in that hemisphere, and’ Russia, too, in her overland trade. But since the United States grew to be a great commercial Power there has peen an- other formidable rival. In fact, the two great rivals for the trade of the East hereafter will be this country and England. At present England has the supremacy. She has, too, undeniable and great advantages. Her vast empire in India not only gives her o monopoly of the trade there, but it places her ‘in the most favorable position for holding on to a large share of that of China, Still, the United States can be a successful rival to England in China, Japan and other countries of Asia, if not in India, We have advantages also, and some that England cannot acquire. China, Japan, Sumatra, Borneo, Siam, Malacca, the Philippine Islands and all tho countries and islands in that region are much nearer to the United States than to England, They are separated only from this country by one ocean, the navigation of which is easy. Even with the facilities that England. or the other nations of Kurope may have for trade through the Suez Canal, the communication from our Western shores to the’ great trading marts of Asia will be shorter, quicker and far cheaper. Our Pacific railroads .will bring even New York and the other commercial cities on the Atlantic nearer to Eastern Asia than Europe is; and though England and Russia are pushing their telegraph lines to all points of the Asiatic Continent, with a view to control the trade with that part of the world, we shall soon have cables laid across the Pacific to compete withthem. — So far, then, as these modern agencies of commercial pro- gress—the telegraph and steam power—go, this country has greater advantages than any other. The time is not distant when there will be a vast. population on the Paciffe side of the republic; when there will be several steamship lines to China, Japan and other ports of Asia; when we shall be in instant telegraphic communica- téon with the Eastern World, and when our intercourse with the hundreds of millions of people there will be greatly énlarged. But we must not forget that in this race those who seize the opportunities before them win, and those who do not, lose. Indeed, the finest opportunities may be thrown away by neglect, There is, ad was said, a vast Geld for American enterprise and commerce in Asia and the Asiatic islands; but it needs explor- ing and cultivating. We want able men as representatives in that part of ‘the world, and we want commercial and special agents to enlighten the governments and native chiefs about our country and the value of our trade. ‘See what Mr. Burlingame accomplished! See what a position he placed the United States in and the prospects he has opened to his native country by his skill and liberal policy! If we had some such men as that gentleman, thongh in a less prominent position—though as commercial agents only— spread over the different countries of Eastern Asia, we should soon find our commerce enlarging and spreading. England is using every means possible to extend and perpetuate her trade there, and we ought to do the same. Tt would not take many years, if we were to use the right means, to give this country that commercial supremacy which England now holds. Let us have able representatives to begin with, men of large experience and acquainted with these countries, and not back- woodsmen or mere local politicians—such men, for example, as the lamented Mr. Bur- lingame, Mr. Hart, the Chinese Imperial Commissioner of Customs, or Mr. Cwsar Moreno, the famous Asiatic traveller and scholar, who has become an Amercan and who is now in this country. There is no one, probably, better acquainted with China, India and the countries of Eastern Asia generally. He was in Pekin when Mr. Burlingame was there, was the friend of that gentleman, and is acquainted with the leading men and ebicfs in different parts of Asin. Ife has held very prominent positions, both in Asia and in his native country, Italy, before he became an Anerican, He was a member of the Italian Parliament, and held a marked position there throngh the liberal, bold and progressive course he took. The President could not do better than to send Mr. Moreno to Asia in some representative capacity. In fact, wo want more wien there of like qualifications and experi- ence. Looking.at the depressed condition of our commerce since the war, at the necessity of extending it and thereby reviving our ship- ping interests, and at the splendid opportunity for American trade and enterprise in Asia, the government will make a serious mistake if it should not use all the means in its power to enlarge our commercial intercourse with the countries of Eastern @sia. Tut Oxxipa DisastEr.—Despatches from Japan have informed us that Captain Hyre, of the steamship Bombay, had been sentenced, ‘The sentence was six months’ suspension, This sentence is simply absurd. Either Cap- tain Eyre was guiliy or he was not. If he was not guilty he ought to have been honor- ably acquitted. If he was guilty, as this sentence snrely implies, his punishment onght to have been commensurate with his silt. Tt is not our opinion that we have heard the last of this matter. It is a matter of international importance; and we ,shall be surprised if President Grant does not ask some explanation in the premi Tix Brook Brivoe—Tre Geuar Cars- son.—The successful launching of the great caisson really looks as if work was intended, and it may now be considered that the bridge is virtuglly commenced. The great daily traflie between the citios of Now York and Brooklya is such that any facility offered in the means of communication mastneceasarily prove a boon to the public. ‘The great success achieved on Saturday augurs well for the un- dertaking, and will doubtless encourage those who are jntevestcod in tia important work, The Democratic Muddlo at Albany. . The democratic muddle at Albany has been pushed to charges of bribery and corraption among the brethren, This is very amusing and very absurd. But the absurdest feature in this business is ‘the investigation ordered into these aforesaid charges, .When the sky falls we shall catch the larks, and not before. The patriotic indignation of Fields is very fine, and so is the virtuous wrath of Ainsworth ; but we think that we can see for all that the langhing nigger in the fence, with his thumb ‘at his nose, signifying that the moon is not made of green cheese. Meantime, what with ring charters, huckleberry charters, rough and ready charters, free and oasy excise and elec- tion bills, share and share about Sénatorial police bills and various other schemes of demo- cratic reconstruction, we are hopefil of great things for the boys of our primary elections. Jack Reynolds says that ‘‘hanging is played out,” and we expect that a variety of other embarrassments against the freedom of the citi, zen in his choice of amusements and ‘recrea- tions, and the times and places thereof, willbe removed. The Park, for instance, is a pretty place; but ite government is too aristocratic’ for the rough and ready boys, entirely, They want, as the frightened Puritans declare, the right to hold their picnics in those grounds, and a free range over them with their target ex- cursions, and the right there to have a chicken or dog fight, if they wish it, and a bull-baiting on the Mall, and music and Jager and Hquor, and quarter races, and a touch of the “manly art” on Sundays, and no gray-coated police- men on the remises. _Moreover, the boys— the electlon oys—adcording ig to the ~‘‘bloated bondholders,” want the Metropolitan police under the management of the unterrified democratic masses, which is a very natural wish on their part. And if they want only this they are magnanimous in this matter too, for they might demand the absolute abolition of the bothering police, but they do not. All they ask is that they (the rough and. ready masses), as the majority, shall have the con- trol of the city government, in all its details; and if you concedé them this, you may make your salaries and sops, and jobs and tax levies any fignre you please. And why not? Is not this reasonable? Lookiug at the demo- cratic doctrines of municipal rights, and popu- lar rights, and the will and the rights of the majority, of the responsible party and their power, what more would you have? We say nothing of the taxpayers, because it is simply their business to take things as they come and foot the bills, @ But neither the Tammany men, nor the Mantilini democracy, nor the so-called young democracy, nor the country. “‘cheesepress and hayloft democracy” seem to comprehend the beauties of this rough and ready compromize. Each and all these rings and cliques are hedging and ditching, sapping and mining for the inside track. In the fact, however, that every concession they make among them~ selves includes a concessipn to the rough and ready rank and file, the election boys, we see that they are coming to a settlement. The next two or three days will be fruitful, it is thought, of compromises all round; but whether the upshot will be a failure to give us a new Charter of any sort, or « Charter which will be knocked in the head in November, no man can tell. We ¢anonly wait in resignation and trust to luck. Infallibility—Protestantion ened. ; In another ‘place in the Henan of this morning will he found two vigorous discourses, ‘the one having special reference to the dogma of infallibility, and the othor on the preten- sions of Rome. From the mass of able dis- courses which wo print this morning we select these two, because, as we have again and again said, infallibility is the question of the hour. In the Church of the Messiab, Mr. Hep- worth, a young and able divine, very elouent and somewhat poetical, although a little nar- row-minded for a Unitarian, preached on the question, “What Would Catholicism Do in Anorica, if It Could?” In St. Peter’s Episco- pal church, a divine of larger experience, of perhaps more solid gifts, but less brilliant, and therefore less popular, discoursed on the “Arguments Alleged in Favor of the Dogma of Infallibility.” Both discourses are good in thelr way. The discourse of Mr, Hepworth will be most admired by the multitude, That of Dr. Peach wil be considered the more thorough and exhaustive by the thoughtful and reflecting fa neither discourse do we discover anyt! The one tells us the old story of Papal pretension and bigotry and tyranny, and’ naturally enough comes to the conclusion that in free America, no matter what may be done at Rome or in New York or in Albany, ibe pretension and the bigotry and the tyranny can have no broad or permanent result, America is emancipated, and she cannot again, politically or religiously, be enslaved, least of all by a foreign Power, The other discourse is even more old fashioned, although more solid. It tells us that infalli- Dility is not consistent with reason, not con- sistent with Scripiure, not consistent with tradition, and that practically its results will be ruinous. Even Pr. Beach, however, does not imagine that either he or his friends are much in danger, . The real point® of interest raised by both divines is that the Roman Council is somewhat putting Protestantism into a fright. If the Catholic Church be so antagonistic to American institutions and to the emancipated American apirit why make such a fuss about it? If infallibility be « humbug, if- it be unsupported by reason, Scripture and tradition, and utterly opposed to the common sense of the nineteenth century, why should a sober, serious man like Dr. Beach mako so much of it? Why not say with us: ‘Let the Pope have his own way. IJ infallibility pleases him let him indulge his pleasant dream. Jf the Council has no more senze than claim the dogma ahd justify all the nons: of the Jesnits and the Ultramontanes gene- rally, let the Council do what it will and thus teach this age of growing intelligence the tr value of so-called infallible councils,” We need some fresh evidence of clerical folly on agrand scale, To our mind this flutter among Prolestants i8 good proof that even ee begin to fecl the hollowness of their posi- tioh, In our judgment they are all weromy. Papat Fright. One and all of them seck to multiply dogmas, to enlarge and complicate creeds. What we - want is not complexity but simplicity—not to be tied hand and foot, and made.to think and act like slaves, but to be free, physically and intellectually ; not Rome but Christ; not the Pope with his anathemas and his schemas and his bulla, but Christ, with His simple teaching and His sweet benedictions. It is time we were free from all the creeds and back at tho Sermon on the Mount, Protestants may rail at Rome as they may, and Rome may forge her spiritual chains as she will, but thinking men who love the namé and teaching of Jesus Christ will fail to find in either helpers in the great work of founding and building a universal Church, We have already often advised the Pope and his friends, We now advisé Hepworth and Beath and the rest. Let them help us to fewer dogmas, simpler creeds. We are already impatient of tho yoke. Our fathers fretted under it. We cannot bear it. Napoleon and the PopeLight from tho Enst. Napoleon's, diplomacy towards Rome, and, vice versa, the diplomacy of the Holy See towgrds France, is exceedingly active just now. The Marquis de Banneville, French Minister in Rome, has been summoned to tha Taileries for consultation. He will be thus engaged with his imperial master during the next week. The Pope's reply to the Cabinet note of Count Daru, agking for the admission of a French lay representative to the Coun- cil, is prepared, but has not yet left Rome, Cardinal Antonelli will p Show of ot", in a grand “splurge” in this stale paper, and, like our newspaper reporters fidwadays, most probably ‘‘get ahead of everybody.” The Ecumenical Council discus- sion of the twenty-one canons of the Church will not commence until after the French Min- ister returns from Paris to Rome. This will afford « fine chance to Napoleon, as everybody allover the world will be rejoiced should he retain that celebrated official just long enough’ to cause the assembled prelates to forget all about the schema, and to lose and mix up their papers and reports, and briefs and arguments, notes, in. such a manner as that they will finally adjourn if only for health sake, and in order to enjoy the fresh breezes of the spring—particularly the gentlemen who hail from the United States and Canada. Napoleon the First was a great authority on canon law, but his action contemplated only one grand schema, and his arguments were brief, logical, and for the most part decisive, It will be seen that the Sultan of Turkey is about to despatch a special envoy to Rome | on the subject of the Armenian ecclesiastical troubles. Should the Marquis de Banneville meet this gentleman in‘ the Holy City atter being duly instructed by Napoleon, what then? Rome as a mediator and France in the Holy Places? Light wanted from Orient. fg “Financial Affairs in Eacope. It will be seen by our correspondence from London published in another part of tho Herarp that bull and bear operations on “Change,” kite-flying schemes, stock specu- lations and other like gambling doings are not confined to this side of the Atlantic. We rather think London is ahead of New York in this respect. In fact, our financial ‘‘opera- tors” appear to get their lessons from those of England. Money accumulates in the Bank of England, and, as may be seen by the European telegrams, it continues to. accumulate largely in the Bank of France also, At the same time there is great distress in England and stagna- tion in legitimate business, It is natural, therefore, that when there is such an accumu- lation of money and little legitimate business for its employment, there should be a tendency to speculation. Still the Bank of England keeps the acrows on pretty tight, and, conse quently, our correspondent says, the public complain of the indifference and monopoly of that institution. The Banks of England and France hold together about two hundred and fifty millions of dollars in specie. While Eng- lish railroad and other stocks and bonds have fallen many of those of the United States, and particularly United States government secu- rities, are rising. The demand for these latter continues active. Tut the English sharehold- ers in the Erie Railroad and those interesied in the Atlantic and Great Western are not sat- isfied with the appearance of things. The let- ter of our correspondent throws light on these and other snch matters, and we recommend American fi and stock speculators to read it for themselves. ancie ‘The Approaching Trial at Tours, Preparations vow being vigorously made for the trial of Prince Pierre Bonaparte at Tours, befare the High Court of Justice— the -highest courk which France knows, and the only court which, in the vase of so high a personage, can teke cognizance of such an offence. Tours is a large and flourishing city and the priucipal place in Touraine. It is fincly situated on the banks of the Loire, con- tains some twenty-seven thousand inhabitants, and is one of the chief centres of the silk trade. Tours is far enough from Paris to make it certain that the feelings of the mob wil) not have any effect on the fairness of the trial. Everything, indeed, gives us good reason to believe that the Umperor is resolved to see justice take its course. Henri Roche- fort is to be taken to Tours as a witness against the Prince. Considering’ that Rochefort is a \ State prisoner, it is impossible to refuse to admit that the Kmperor’s conduct is mag- ! nanimous. The (rial will command a large amount of interest, not in France only, but all Europe and the world, and it will exercise the best talent of the empirk. But we have no doubt as to the result, Tourg, will be gay oa the occasion, Beauty and talent will crowd the judgment ball: bnt when all is over we shall be surprised if the Emperor bas not con- vinced the French people of tha honesty and sincerity of bis intentions, are ove! Let Wet, Atone.—There seems to be a sort of mania in Congress for tinkering at the national finances, and generally those who are most ignorant of the subject make the most noise about it. Yet there is no subject which calls more urgeltly for a laissez Juire policy. The country will settle the financial problem for itself. ‘The laws of trade, industry of the people, wonderful resources of tho conntry and our rapid growth in wealth and population witl regulate the finanocs and curcenoy if ha