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NEW YORK HER NEW YORK HERALD |e. Semmer Carnivat in the Country BROADWAY AND ANN STREET, JAMES GORDON BENNETT, PROPRIETOR Ne All business or news letter aid telégraphic despatches must be addressed New Yore Hxeratp. Rejected communications will not be re- turned. Letters and packages should be properly sealed. THE DAILY HERALD, published every day in the gear, Four cents per copy. Annual subscription Price $12. THE WEEKLY HERALD, every Saturday, gt Fives (CuNTs per copy. Annual subscription price:— 15 JOB PRINTING af every description, also Stereo- typing and Engraving, neatly ana promptly exe- cuted at the lowest rater. Velame XXKVI............ = teeeeeeeseeeeN@e. 376 AMUSEMENTS TO-MORROW EVENING, OLYMPIC THEATRE. Broadway.—T: RAM. KATHLEEN MAVOUENEEN, Ne ae RANA: OF BOOTH'S THEA’ = TBOQTH'S THEATRE, 23d st, between Sth and 6th avs WOOD'S MUSEUM, Broad ‘ences every afternoon and eveni! WALLACK'S THEATRE, Broad stroet.— tue Lone Stk ‘aaa NIBLO’S GARDEN, Broadway.—’ ona iway.—Tn® DEAMA OF THE fowssr THEATRE, Bowery,—THe PLAY oF LORLE corner 30th st.—Perform- —Hompry Dumpty. GLOBE THEATRE, 7 — earbuaceae E, 728 Broadway.—Tus Drama oF FIFTH AVENUE THEATRE, Twenty-fourth street.— ONIOO'S, GRAND OPERA HOUSE, corner of 8b av. ana 23d st— La PERICHOLE. MRS. F. B. CONWAY'S PARK THEATRE, Brooklyn.— Tunover By DarLigut. + GENTRAL PARK GARDEN.—Tagonone Tuomas’ Bumuxze Nieuts' Conarers. TERRACE GARDEN, Fifty-eighth street, between Lexing fon and Third ava.—GRAND GaLa ConorkT, GEMNIRE SKATING Ri NGERFEQT OF THE N K, Third avenue and 68d st.— THEASTERN SANGERMUND. DR. KAHN’S ANATOMICAL MUSEUM, 745 Broadway.— BoIENOE AND ART. TRIPLE SHEET. New York, Sunday, June 25, 1871. Fe — SSS CONTENTS OF TO-DAY’S HERALD. ‘Paces. oe Advertisements. 2— Advertisements. S—Tne New State Capitol: Impressive Services at the Laying of the Corner Stone; Addresses by Governor Hoffman and Hamilton Harris— Long Branch—Raiiroad Matters—Misceila- neous Telegrams. 4—Religious ntelligence—Temple Emanuel— Summer Resorts—Fatal Accident at Bridge- rt, Conn.—Brooklyn Affairs—Dry Goods arket—Graves at pl Se 6S—The Washington Treaty: The aty Before the Lords and Commons of England—Populur Education—New York City News—Waill Street—Another Temperance Lecture—The Methodist Muddle—Tne Washington Irving Bust—The Forty-third Street Atay. 8—Eaitorials: Leading Article, “Our Summer Car- nival in the Country and Our Fashionable Par- — of Town”—Amusement Announce- ents. 7—Eaditorials (Continued from Fourth Page)—Per- Sunal Intelligence—The Situation in France— Miscellaneous ‘Telegrams—Music and the Drama—Yachting: Postponement of tne Ocean Race; Brooklyn Yacht Club Regatta— Business Notices. S—Proceedings in the Courts—The Erle Ratlway War—Tombs Police Court—Methodist Camp Meeting—Financial and Commercial Keport— Telegraphic Market Keports—Marriages and Deaths— Advertisements. O— advertisements, 10—The German Saengerfest—News from Washing- ton—Another Foster—shipping Intelligence— Advertisements. 11—Advertisemen ts, 12—Adverusements. ‘Tue SmaksPearE Statvg.—We are informed that the Committee of the Shakspeare Monu- ment Fund, finding the time between this and the Ist of July too short for the preparations necessary for placing and unveiling Ward's statue of Shakspeare in the Central Park, have finally concluded to postpone any public demonstration until October next. Tue Corner Strong oF THE New Capitou at Albany was laid yesterday, with an impos- ing demonstration. The procession, notwith- standing the severe rain, is said to have been three miles long. Governor Hoffman and Honorable Hamilton Harris made addresses, and the Masonic fraternity laid the stone with all the impressive formula and ritual of the order. Bowen, THE Bicamist, will probably be pardoned. His offence is now looked upon as a mere peccadillo, which any well regulated politician is likely to commit, and his ‘‘district” influence is too valuable to lose. The poor fellow certainly had great inducements never to marry again, after his first experience in that way, and his last venture, which con- stituted his crime, was evidently a fault rather of the head than of the heart. Tue District or CoLvmpia being tacitly accepted as fair ground for experiments in all kinds of political isms, it may be considered matter of encouragement to the female euf- frage seekers to know that the Territorial gov- ernment there has declared women eligible to certain offices in the Departments of Charities aod Correction. This declaration is a very great charity and correction in itself on the part of the Territorial authoriiies. Cuanck or me Spanish MINISTRY— Waar Dors it Mean?—News coming by telegram from Madrid informs us that the whole of King Amadeus’ Cabinet had resigned, and that it was believed Marshal Serrano would be the President of a new Ministry. From this we should judge the young imported monarch begins to experience the political difficulties of his position and the wayward- ness of Spanish politics. The Cabinet crisis is the beginning, probably, of more troubles for King Amadeus. Tux Inrernationan Society is certainly bent on mischief. Smoked out of its home in Paris by ite own incendiary hands, the Inter- national has now chosen Belgium as the prin- cipal scene of its activity. The Papal Jubilee was a welcome opportunity to commence ope- rations—witness the late disorders in Brus- sels. As our cable report informs, a rising of the workingmen of Verviers is now the next thing in the programme of the International. The mayor of that city thinks the danger s0 imminent as to prohibit all gatherings and to call ont the military in order to be ready in case of disturbances, and Oer Fashionable Parsons Out of Town, Our summer carnival in the country of health and pleasure-seekers, of the moths and butterflies of fashion is again upon us, and by next Sunday the July exodus from all our great cities will begin to be realized in the diminished attendance at our fashionable city churches. It is the opening harvest season of railways, steamships and steamboats, hotels, faro banks, keno, travelling menageries, circuses, concert troupes and jugglers; of hackmen, baggage-smashers and dock loafers ; of pickpockets, Jeremy Diddlers and adven- turers and vagabonds of every description. It is the opening of our summer season at the seaside and the springs, and the imps of dark- ness rejoice, and saints and angels veil their eyes and weep over it as if it were the carnival of Beelzebub. Newport, Saratoga, Long Branch, the White Mountains, Niagara, the Great Lakes, the Pacific Railroad—with all the wonders on the route to the “‘big trees” of Mariposa and the alpine glories of Yosemite— will have their crowds of summer pilgrims; and birds of prey and a liberal representation of “white chokers” at all these places and at others too numerous here to mention, will be among the worshippers at Vanity Fair. Very well, ‘‘All work and no play makes Jack a dull boy,” even in the pulpit, and so even the fashionable dispenser of the bread of life must have a little recreation after the manner of the fashionable world, whose dainty silk and satin gospel he preaches. How beautiful, too, is the entente cordiale between the fashionable parson and his fashionable flock of merino sheep and cashmere goats. He is getting delicate and pale; the heavy +| labors incident to one sermon every Sunday for nearly six months have been undermining his precious health, and so a purse is raised for him and the indulgent shepherd is sent off rejoicing ona trip to California or on a tour to Europe, without disturbing his ten thousand ayear, ‘‘When the cat's away the mice will play,” and you may depend upon it that if the health-seeking shepherd among the attractions of Naples becomes charmed with them, or that if in Rome he does as the Romans do, his flock will enjoy their carte blanche in the country as a sort of general absolution till their return to town. Poor Paris! It has been called the para- dise of women, of coxcombs, cockneys, flunkies and opéra bouffe, in high life and low life, the delight of saintly travellers and the devil's headquarters. As the ‘“‘capital of civiliza- tion” and of fashion it has left its impress upon New York, and has certainly enlarged the field here for active Christian labors to all our parsons of all our churches. Down to 1870, from 1860, how many millions of New York money were swallowed up every summer in the pleasures of Paris it is impossible to tell, We know, however, that the Germans, last September, on their approach to the doomed city, scattered some ‘hundreds of our lingering birds of passage from the Boule- vards, the Mabille and the Bois de Boulogne, and sent them flying homeward. We know that some scores who still remained within the city’s encircling wall to enjoy the fun of the German siege, when reduced to horse steaks, cat cutlets and dog chops, were glad to get away on any terms; and we know that the Paris Commune, with its cutthroats and in- cendiaries, has made the late capital of civili- zation and of barbarism and buffoonery a stench in the nostrils of Christendom. We are strong in the opinion, too, that Paris, in its present condition, will not be very largely patronized by pleasure-seeking Americans this summer, and that our own summer resorts will be the gainers thereby in fashionable parsons as well as in the articles known as Monsieur Mantilini and Flora McFlimsey. So far, then, we shall be gainers from the misfortunes of ‘‘poor Paris,” though, indeed, with the breaking of the spell which made New York a servile follower of the gay French capital, we expect our city to rise to some- thing of the dignity of American independence. We are almost persuaded that the American flunky and tuft-hunter in Paris is abolished, like negro slavery, and that the poisonous vanities of Paris will no more make fools and slaves of Americans with more money than brains. But what are our ‘“‘stay-in-town” people to do in the absenge of our fashionable parsons and their fashionable followers? We understand that few of even our most stylish point-lace churches will be entirely closed during July and August; but that where the regular parson is missing a substitute will be provided who will answer very well for the “heated term.” Of course our Catholic churches will go on as usual, and so will the Methodists ; for they are not disturbed by the movements and vanities of the world of fashion. know nothing of Mr. Brown, and some of them have never heard of him. The Methodists, however, from the first be- ginnings of their Church in this country hit upon a system of combining business with pleasure in their summer camp meetings, which is one of the secrets of their great strength in all parts of the United States. They open before the end of this week their annual camp meet- ing at Round Lake, near Saratoga Springs, and this meeting, while it lasts, will be a greater attraction to Saratoga than all its monotonous follies. Thousands of case- hardened sinners, who go to these Methodist camp meetings to laugh, remain to pray; thousands upon thousands have thus been added to the Church, including many of its shining lights; and so the good work will go on at this Round Lake encampment. Nor must it be forgotten, if our fashionable -city parsons go off on a short summer furlough to the seaside or the mountains, that even there they assist in “‘the stated preaching of the Gospel.” And here the thought strikes us that a free sermon and a short sermon in our Cen- tral Park every fair Sunday afternoon during the summer, near the music stand on the Mall, where seats and shade are provided for a large congregation, would be a good thing. To make them attractive it would be easy to provide some good church singers for these meetings, and they would doubtless produce good fruit, We submit the hint to the serious consideration of Mr. Sweeny, a sound believer in the Gospel agcording to St. Peter. Long Branch, all the world knows, is amply provided with bathing houses, drives, fast horses, rag@ courses, billjard a ~ bowling behind you.” Pat; ‘‘don’t let the pig hear you. Shure, it’s to the market I'm goin’, but if the pig knew it she’d be shure to make for home, they’re sich conthrairy animals.” These simple-minded Christians, saloons, and things of that sort; but it is equally true that ‘the Branch,” in common with all other parts of Jersey, is well provided with churches, It is a fact, also, that General Grant enjoys his Long Branch Methodist ser- mon on Sunday morning as heartily as he en- joys his forty-mile drive behind his fast horses and his cigar on Saturday afternoon. The Rev. Dr. Newman, of the Washington Metro- politan church, is the General’s favorite preacher, for the General was so well pleased with this learned Doctor's Scriptural exposition, in Washington some time ago, of the abomina- tion of polygamy, that the Doctor was per- suaded to go out to Great Salt Lake city, and beard the lion of Mormon polygamy in his den, asa hint concerning the President's ideas of this outlandish institution in Utah. It is pos- sible that Dr. Newman this summer may be heard upon this interesting subject at Long Branch, July and August, however, all things con- sidered, in town and country, it must be con- fessed, are not good months for the cause of religion. They are the months of our summer carnival in the country, and what with the fascinations of Vanity Fair and what with the rovocations of country hotels and country extortions and the heat and rainy days and mosquitoes, it is not surprising that the powers of darkness should prevail for the time. But still the good cause goes on, looking over the country and the world at large, and_ still, though hobbling often in the dark—still we are advancing to the glorious light of the millen- nium. The Debate in the British Houses of Par- limment on the Washingten Treaty. We present on another page of the HERALD this morning a very full report of the debates in both Houses of the British Parliament on the Washington Treaty. The subject was taken up in the House of Lords by Lord Rus- sell moving that an “humble address” be pre- sented to her Majesty praying that the Queen would be pleased not to sanction or to ratify any convention for the settlement of the Alabama claims. As might be expected, Lord Russell's speech in the Lords was a vin- dication of the course he has all along pursued in reference to the settlement of the difficulties existing between America and England; still it smacks considerably of the oppositi hich almost always charac- terizea the coutsé pursued by the dats toward the ins in any important measure. The party out of power do not desire the settlement of the Anglo-American difficulty, because the members of that party will get no credit for its adjustment; and this, we think, is in a great measure the secret of their opposition. As Honest Abe would say, this reminds us of astory. An Irishman who was driving a pig to market was met by afriend on the road, who inquired of him where he was going. “Shure,” says Pat, ‘I’m goin’ home.” “Goin’ home, eh?” answered back his inter- rogator; “‘bedad, thin, yure lavin’ yure house **Spake easy, will you,” said Now, Mr. Gladstone and Earl Granville might take a lesson from the Irishman and his pig. Had they made a show of opposition to the Treaty Earl Russell and his party, who now oppose the measure, would have been the strongest advocates for its adoption. Like Pat's pig, give the oppo- nents of the measure to understand that the Treaty is bad and they will insist on its being good. The seaside summer resorts, such as New- port, Long Branch, Cape May, Rockaway and Atlantic City, will probably be more fashion- able and more frequented this season than any of the inland springs and mountain attractions. The rural sommer resorts, or most of them, however, will not fall short of their usual number of visitors ; but the great increase will be along the surf-beaten coast of the Atlantic and its numerous bays, where bathingin the clear blue salt water is con- sidered more conducive to health and has been pronounced more invigorating than the medi- cinal virtues of the springs of either Saratoga, Ballston or Sharon. The influx of visitors at Long Branch is already unprecedented, and it is expected that by the Ist of August the accommodations for guests will not be equal te the requirements of the thousands that will seek to enjoy its attrac- tions. Newport, with its hundreds of beautiful cottages and villas, all of which are either occupied or engaged for the season, differs from Long Branch in at least one important feature. The visitors are more select and the mixed crowd that gathers at the latter place on Sundays is never seen at Newport, where comparative quiet, the routine of domestic life and solid enjoyment are the main attrac. tions. Cape May is also coming into popular favor, particularly with the citizens of Philadelphia, and this year its accommodations will not ex- ceed the demand. The yacht race on the Fourth of July will draw thither thousands who never visited the place before, and the hotel keepers flatter themselves that its superior attractions will make a favorable impression upon the minds of the numerous strangers who will be present on that occasion. All the other seaside places will also be crowded this summer, and hard times or tight- ness in money affairs will not be referred to, hinted at or even thought of until the return of the business season in the fall, when the ac- counts of losses and gains in most cases will show the heaviest figures on the side of the former. But, to usea homely adage, ‘It is all in a lifetime.” SgoreTaRY BouTWELL AND COMMISSIONER PLeasonToN have an unpleasant difference between them relative tu the way in which the internal revenue system operates. Plea- sonton makes decisions which Boutwell over- rules, and Pleasonton denies the right of the Secretary of the Treasury to do this. The arrangement by which the Internal Revenue Bureau is made subordinate to the Secretary of the Treasury is in itself one that is likely always to lead to differences. The Revenue Bureau should be made a separate depart- ment. Evidently Secretary Boutwell has enough to do with the issues of notes and the negotiations of his new loan to occupy most of his timy ALD, SUNDAY, JUNE 25, 1871.-—TRIPLE SHEET. The Herald and Free Religion. A few weeks ago we felt called upon to comment unfavorably upon the doctrines and teachings of the ‘Free Religion Association,” as we bave done from time to time on other extravagances, For this a Hebrew philo- sopher, Isaac M. Wise by name, has taken us to task in the Israclite of last Fridey. In our comments upon Rev. John Wejss’ assertion, that “the nature of the Creator isin the material. created,” we said we could hardly see how we could escape the logical consequence of a perishable and a changeable God. Mr. Weiss also expressed his lack of faith in the soul’s immortality and independence of the body, because, forsooth, science had not yet put facts sufficient into the case, We asserted then, and we reassert it now, without deeming argument necessary to substantiate our posi- tion, that not one man in a hundred thousand cares a particle what facts science may put into this case ; that it can never alter the com- mon and universal belief of mankind in the soul’s immortality and consequent independ- ence of the body. Our Hebrew philosopher thinks these criticisms worthless and appeals to Jesus and Paul, who, he says, never ad- vanced such a doctrine. We had the pleasure of listening to Dr. Wise’s lectures on the “Origin of Christianity,” in this city, a few months ago, and obtained the impression that he had studied the writings and character of Jesus and Paul much more closely than we now think be has done. The writings and say- ings of those leaders and founders of Chris- tianity are full of the faith of a personal God and an independent, immortal soul in man, and not of a Creator whose nature is seen only in the material created, as Mr. Weiss and his Free Religion Association and their Hebrew defenders would have us believe. And we cannot conceive how any man can carefully read the sayings of Jesus or the writings of Paul and not immediately perceive that they assert those truths which we defend, and not the atheistical utterances of the so-called reli- gious reformers. Without stopping to quote from the words of Paul or Jesus to show what they thought about the soul’s immortality, let us call Dr. Wise’s attention to I Corinthians, xv., ad libitum; II. Corinthians, v., 1-10; IL. Peter, i, 18, 14; I. Peter iii., 18-20, and iv,, 6; Matthew xvii., 8,8; Mark xii., 26,27; Luke xx., 88, &c., and Revelations, almost any- where. The Old Testament Scriptures are full of the same truth also, as Dr. Wise ought very well to know. Why, then, to apply his own language, does he attack the Heratp? Dr. Wise makes much of the admission of the F. R. A. that there is a Creator and a creation, upon which we did not comment at all, and upon the full significance of the word ‘‘nature” in this connection. We accepted the term for the purposes of comment, not in its scientific or philosophic sense, but in its common accep, tation by the masses of men, who attach no such meaning to it as Dr. Wise gives it—as “expressing the sum of qualities and attri- butes.” And even in this sense we contend that nature does not express the sum of quali- ties and attributes of the Creator, and we must look elsewhere for them, Our philoso- pher tries also to show the worthless- ness of creeds by our illustrations of human depravity, and says they (F. R. A.) are going to try the experiment without a creed. We certainly have no objection; we are not sticklers for creeds in the abstract, but with the liistory and experience of creeds before us we have no fear that Dr. Wise and his creed- less Church will swallow up all our good and great men. The trouble with all our modern religious reformers is that they think they have the power, figuratively speaking, to issue a writ of mandamus and bring the whole body of religious people to their feet with their creeds and doctrines, to be examined and revised as the aforesaid philosophers may determine. When they succeed we hope they will let us know; but in the meantime we pespose to defend, not so much orthodoxy against heterodoxy or reform, as truth against atheism and infidelity. And we have no con- ception that the fullest promulgation of the doctrines of the Free Religion Association are going to make our bad men good or our good men better, or to change the character of our society, as the editor of the Israelite seems to suppose. “Try it again, Doctor. Fears oF AN INDIAN Wark IN TExas,—Re- ports from Texas state that the Indians are gathering on the Plains in large numbers, and, judging from the various hostile demonstra- tions that have already been made, a general war is not improbable. General Sherman made arrangements to meet any ordinary at- tack on the part of the redskins, but the magnitude of the movement has been more clearly developed since Genera] Sherman left. The people in the interior of the State begin to feel a little nervous over the present aspect of affairs, and well they may, when the different hostile bands exhibit the following strength :— Comanches, 2,742; Kiowas, 1,896; Apaches, 300; Quatadoes, 3,000; Coudas, 484; Wichi- tas, 299; Delawares, 71; Keechies, 126; Wachas, 124; Tawancares, 126; Hawanies, 85—total, 7,254. ATTORNEY GENERAL AKERMAN is sure to retire from the Cabinet. His place is to be filled either by Solicitor General Bristow or General John M. Harlan, of Kentucky, Either of them would very ably fill the post for which, according to the constitution, a man learned in the law shall be chosen, and Attorney General Akerman, although quite learned in the law that is to be picked upinalong Georgia practice, has, according to common report, not displayed that erudi- tion and profundity in the more abstruse mat- ters of national jurisprudence that that good old instrument requires. Boursaki Back.—A despatch from France announces that General Bourbaki has com- pletely recovered from his self-inflicted wounds and has been assigned to command at Lyons. France bas no braver soldier than the gallant Bourbaki, whose disastrous march from Or- leans and subsequent retreat into Switzerland with his unfortunate army willlong be remem- bered. Under the republic as well as the em- pire Bourbaki has served his country faith- fully and well. Tar Hoss in Fulton county, Ill, are dying of chills and fever. They caught the disease most likely from some migratory hogs from | Cairo “cultivated barrens or morass. Suburban Sales and Suburban ‘Selle? It isa trite maxim that people learn no- thing from the oxperience of others. Hither this is an exaggeration or else the number of Persons in this city having an instructive ex- perience in one direction, at all events, is largely disproportionate to the untaught, The lessons of the past in respect to real estate speculation or investment are either more ex- tensively diffused than others, or else so broad in their distinctive features or compre- hensive in their details as to obtain a wider acceptance from the masses. This is par- ticularly true of suburban property, in which 80 many struggling men of small means have sunk the savings of years of toiling industry and wrecked long-cherished hopes of a com- fortable retirement in old age. Warned by such example there is a more general indis- position to invest in this description of pro- perty now than at any previous period. The most alluring prospectuses are issued without results to the proprietors of real estate enter- prises ; advertisements setting forth the trans- cendent beauties of various localities fall un- heeded on the public ear; bands play en- ticing airs, viands are provided of the most appetizing kind, and free passes lib- erally distributed. The lunches are eaten, the music applauded, and a cheap ex- cursion enjoyed, Yet the lots remain unsold. In this general indifference to the charms of real estate proprietorship and “homes in the country,” property good or bad, well located or otherwise, improved or wild, is alike included; and those tracts which, in convenient locations, have been purchased and improved in good faith, with a view toa legitimate profit upon subdivision, share in the suspicion of the public equally with waste farm lands far removed from any railroad and totally unfit for the uses proposed. In short, country property of every description, good or bad, so far as the general public are con- cerned—that is, the mass of small capitalists— is totally unmarketable at the present time. It is not difficult to trace the causes which have produced this condition of things. Long ere the philanthropic Mr. Scadder had propounded the interesting query, ‘‘Air them hands clean or air they dirty?” the busiaess of disposing of realestate had passed from the bounds of practical straightforward dealings into the realms of imagination and exaggeration, and when that enterprising agent enlarged upon the many beauties of Eden he was less original than imitative of a style that had existed years before he sprung into existence. The story of Eden may be to some extent overdrawn; yet has it not had a sequel still more remarkable? But who ever now reads the agent's descrip- tion of a piece of property with a full belief in its ingenuonsness? Twenty years ago, per- haps, there might have been some confidence ; but the deceptions that have been practised daring the last few years—not, we believe, always consciously, but through the glamour of this poetic treatment of a subject which, beyond all others, belongs to severe common sense—are so fresh in the minds of all as to have provoked the greatest distrust of any- thing that may be said respecting country pro- perty. Thus the story of the Frenchman who years ago bought some lots in a neighboring suburb ‘‘with @ fine marine view,” and, on going to take possession, found them covered with water, has been repeated in a modified manner much more recently and too frequently. Acres of land without a single recommenda- tion for town settlers have, in recurring periods of speculative excitement, been sold in lots and. villa plota, in the neighborhood of New York, that still lie as primeval forests or un- In this way one particular tract has, in the experience of a single individual, been sold out four times, alternately in lots and by the acre, and yet remains wholly unimproved. The latest excitement in country pro- perty brought into the auctioneer’s mart and obtained the sale of land enough in the neighborhood of this city to meet the legiti- mate wants of a growing population such as ours for more than a decade, most of which remains in the same condition in which it was sold, except in some cases where the stakes which marked the boundaries of lots have been uprooted or the surveyor's lines of suppo- sititious streets have been obliterated. In this is inclyded much first class property which, to men of means, isa profitable investment to-day, a great deal of which was purchased, however, on small margins, to the subsequent distress of the buyers ; some that was almost worthless, and most of which was purchased at inflated prices. The present stagnation is a natural reaction from this excessive speculation, and may be expected to continue while the memories of the losses which resulted yet hold a place in men’s minds. How long this will be it is impossible to tell, but present appearances are not hopeful of an early revival of confidence to any former extent of folly. Another important, influence operating to limit dealings in real estate of all kinds, but more particularly outside of New York, is the scarcity of money. This may seem strange to some who are accustomed to read thg state- ment that has been so long repeated in the financial articles of the various news- papers, that money is in free supply at rates ranging from two to four per cent; but this circumstance of there being such a plethora of funds available for the daily uses of Wall street is one of the strongest evidences of a scarcity of money among the people gene- rally. It is simply a concentration of cur- rency in the hands of a few through the absence of that activity in commercial circles which would give it employment. We have before drawn attention to this condition of things as being the direct result of Mr. Bout- well’s mistaken financial policy. He it is who is largely instrumental in producing what is 80 often spoken of as the present extreme ease in money, his purpose in so directing his man- agement of the Treasury Department being to aidin the negotiation of his new loan, As this state of the money market reflects a stag- nation in general business circles outside of those of mero speculation, it is a fair infer. ence that Mr. Boutwell is in effect saying, “If you don't take my new loan you won't make money any other way ;” or, ‘I'll give you five per cent for your money ; if you are not si fied with that you shan’t get any more any- where else if I can help it.” This is the actual situation, although we exonerate Mr. Boutwell from being conscious of hig responsibility to that extent. The complaint is almost universal that it is difficult to collect money, and men who have it exhibit a strong disinclination to make any disbursements not absolutely a necessity. Ia such a state of things it is not surprising that but few people can be found to buy country property at this time, considering how slow and uncertain, even under the most favorable circumstances, the income returns therefrom are, If this be so with men of large means, how much more is itthe case with those whose savings are but small hoards, accumulated slowly from the profits of active industry, and how few accessions to the latter class have of late been made? In reference to the sales of country pro- perty that have been alrsady reported this year as ‘‘most successful,” they must, if such were really the case, be regarded as excep- tional. We have little faith in these reports, however. In saying this we do not wish to charge ‘any wilful misrepresentation upon those from whom they emanated ; but we have heard in the case of associations of large sales of lots where the purchasers were the mem- bers of the association, the individuals com- posing which simply bought severally from themselves jointly. This canuot be re- garded as representing activity, nor are such sales entitled to be regarded as & fair criterion of the state of the market, The only true test of this is the action of the out- side public, and in most cases the only relia- ble report of actual sales the recotded trans- fers. This is not a very encouraging recital for our suburban rea! estate owners, nor does the inference to be drawn therefrom present tho most cheerful outlook. But in spite of this we have words of comfort for them yet. They must be patient, however. New York isa great growing metropolis, and a future of expansion presents itself as the legitimate result of increasing commerce which cannot be denied. At the present time the real estate market is in one of its dull, stagnant periods, which will not last forever. We have had such before, and a revival of activity subse- quently, Another revival is just as certain. The market is now oversold, and much of what has been sold is practically worthless. With trade dull this has brought even the beat property into discredit ; yet, when better times .prevail and people of business accumulate profits faster, there will be a retura of con- fidence which will give an opportunity to those whose means enable them to hold over, to realize on their present investments. In the interim, however, they who are obliged to sell cannot look for enthusiastic buyers. Review of the Religious Press. A little more liveliness is apparent this week in our representative local religious press. It is rather more inclined to discussion, or, we might say, positive declarations than usual. It takes a larger field and includes the religious situation in Europe in what {t has to say. Among the first and most influential and best conducted of the Protestant papers in this city isthe Observer. The Observer has had the advantage of having had its principal editor mingling among the Communists during the perilous hours that menanced the existence of Christian religion on the Continent of Europe. His experience is worthy of being reproduced. He commences as follows, under the heading of “The Communists Among Us” :— When we heard that the human demons of Paria, commonly called Communists, had fellows tn all the chief cities of Europe who would soon set the fires of destruction in every capital, we thougnt it an tdic tale; but when we kk up tne Monday morning papers and read the utterances of the Communisia in New York we learned that tne priucipies of those monsters of fire and blood were more widely diffused than we had dared to believe. The Observer quotes certain resolutions of the Positivists (another name it gives for the Communists of Paris) and regards them as the “dangerous and despicable characters who call themselves there the disciples of Comte.” Continues the Observer: — if the plague were breaking out in New York out Health Department would be roused to duty. The cholera or smallpox would command decided measures for public safety. A more fearful danger hangs over us, is upon us, is poisoning our ple. its name 1s trreligion, godless infide.ity, allied to labor reform, and plotting this moment the subver- sion of all rights, ai law, and the introduction of Communism, the synonym of universal anarchy. From the above it is evident that the Pres- byterian branch of the Protestant community in this section holds very little tove or sym. pathy for the Communist principles either in this country or in Europe, The Presbyterian vangelist directs ita attention toward the “‘temperance discussion,” quoting the letters of Dr. Maclean as creating a very deep impression upon its readers, The conclusion, however, is hardly favorable tothe temperance movement, religiously cone sidered, inasmuch as the Hvangelist says; There is a limit to all things; and when the argn- ment has been thus presented by men of learning and ability, who are masters in israel, our readers may fairly claim that tne subject is exhausted and that we should turn to some other of the exciting questions of the day. The Independent talks of the “‘hegira,” referring to the absence of pious people from the city at the present summer season. Other- wise the organ of the Congregationalists fails to give a new Idea. The Jewish Messenger has an article on the “Roumanian Israclifes,” quoting a private letter as a text for some pertinent remarks, the cream of which may be gathered from the following extract from the editor's article :— our coreligionists tn this country surely need no additional incentive to liberality and promptitade in responding to the appeal of the Roumanian Society, The ba yd! aad cannot be too generous. The elevation of the Roumanian Israelites, the task of fitting them for the liberty they are destined to enjoy, is @ noble work. Our Catholic contemporaries give a good account of the ‘jubilee celebrated,” meaning the jubilee in honor of the celebration of the twenty-fifth anniversary of the occupancy of the Papal throne by Pope Pius IX. The Tablet, Freeman's Journal, St. Peter and our other Catholic contemporaries are espe- cially jubilant upon the occasion. The Free- man's Journal departs from its high-toned Catholic position to give a leader on the political situation, and discourses as follows :— Had General Grant surrounded himself with stategmen and not with mere he might Hove won not only Texas but most of the Southern States to be his earnest supporters, Political parties might have been compl broken up. The mts. doings of General Grant’s advisers have turned what might have been his warmest friends tuto the most resentful of enemies. They should have advised nim to deal not only with Texas, but with all the Southern States, in a large-minded spirit of concilta- tion. If General Grant were not blind to justice, as ‘well as to his own interests, it would not be too late yet for him to make this grand stroke. Between General Grant, the next detnocratio nominee for the Presidency and the Pope, the Abbe seems to be very much exercised. We have the opinion of the Methodist on the trial of Dr. Lanahan. It gives no new light on the question, The Methodist Book Concer, and all other concerns aonnec