The New York Herald Newspaper, August 23, 1871, Page 6

NEW YORK HERALD JAMES GORDON BENNETT, PROPRIETOR. AMUSEMENTS THIS AFTERNOON AND EVENING, TONY PASTOR'S OPERA HOUSE, No. 201 Bowery.— TUE OoroRVON, Matinee at 2). * LINA EDWIN's THEATRE. No. 730 Brosdway.—K&1LLy @ Leon's Minsraris, er THEATRE, Bowery.—Suin Fant-My WIFE NIBLO'S GARDEN, Broadway, between Prince and Houston sts.—Tue Deama or FRitz. WALLACK’S THEATRE, Broadway and 18th street,— BuveE Beany. GLOBE THEATRE, 728 Broadway.—-NtGRo TEI CITIES, BURLESQUE, 4c. Matinee at ag. 7 ‘WOOD'S MUSEUM, Broadway, corn —Perform- afternoon and Greaag ea arene BOOTH'S THEATRE, 2384 st., between — ‘Lirtee NELL ann aah Mascuioumes. char atae CENTRAL PARK G (-—THRopoRE Suuurn Niouts' Concrern, sce srk TERRACE GARDEN, S8th street, between Lexin; 84 ave.—JULEN’s ConcERTs. a iam MRS. F, B. 8 F bi Den CONWAY'S; PARK THEATRE, Brooklyn.. GLOBE THEATRE, Bi by Hall.—Va- ‘muaTY Ewrsurainuent, So EicoralNad 3 DR. KAHN'S ANATOMICAL MUSEUM, 745 Broadway. — BOIENCE aND ART, TRIPLE SHEET. August 23, 1871. New York, Wednesday, Se CONTENTS OF TO-DAY’S HERALD. ert Advertisements, 2—Advertisements. YThe St, John Races:—How Matters Looked There on Sunday; the Crews in Tip-Top Condition; About the Betting and Its Changes—The Great Four-Oared Race at Halifax—Yachting—A _ Newark Mystery— Lecture on St _ Columbkili—Loutsiana Politics—Along the Hudson—The Brennan Festival—A Lively Sensation: A Big Scare on the Steamer Plymoutu Rock, 4—Polygamy’s Paradise: What the Tourists See ud How Much They Find Out; Mormonism at ; Ye Adventures of Bessie and Susie; In- terview with Briguam Young—Our Boller Beda- fellows: The Death-Dealing Engines in the Clty That We Sleep Over—Tne Westileld Ex- losion—New York City News—Trenton thieves—Accidents in Newark—Tne Hoboken Public Schools, §—The Communist Trials: Continuation of the Pro- ceedings Against the Communist Prisoners; the Shooting of the Aostages—Going Home: End of the Royal Visit to the Green fuieour War Vessels Abroad—The Internattonal—De- coyed to His Doom: Fair and False; Fatal Assignation; Shot by Twillght—The Lost Wee- hawken—Sale of the Madison Avenue Stage Line—Burgiary in Westchester County—Sad Result of a Boyish Trick. 6—Eiitoriais: Leading Arucle, “Triumph of Amer- ican Cridit Abroad—Success of the New Loan in Europe”—Amusement Announcements. ‘Y—American Credit Abroad: Successful Negotia- ton of the New Loan in Europe—News from France, spain, Germany, Austria, England and Ireland— ellaneous Telegraphic News from Washington—Persona! Intelligence —Lo- Sate ane. of the Past—business No- S—Saratoga Races: Fifth Day of the August Mect- ing—Springtield Club Races—Boston Beaten: ‘The Mutuais Again in the Ascendant—Brookiyn Atfairs—The Pacitic Coast—The Odd Fellows— Proceedings in the Cour:s—Manuing’s Matri- montal Muss: An Interesting Divorce Suit in Brooklvn—Ladies of the First Water at Essex Marhet—Fatal Accident at Hempstead—Pater- son to pe Sold at Auction, @—The Court House Iron Bill: The Btll Declared by Judge Sutherland, of the Supreme Court, a Just One—The Loss of the Wyoming—Lawiless- ness in Kansas—Western Commerce—Finan- cial and Commercial Keporis—Domestic Mar- kets—Marriages and Deaths. 10—United Italy: Relations Existung Between Italy and France—Italian Rejoicements—Raciny England—Hoboken Hop-ites—Kailroad Mat- ters—Ratlroad Robbery—Camp Meeting Court- ing—Fire in Mott Street—Shipping Intelli- L gence—Advertisements, 21—A Diabolical Murder in Memphis—Jersey Meth- odist Mecca—Two Strangers Killed by Light- ning in Loutsiana—Rallroad Ceicbranon—New Haven Elopement—Leserter Cauglt—Aaver- tisements. 12—Advertisements. Tue Sprinerietp Republican thinks it not fmpossible that the democrats will take up Judge Chase as their Presidential candidate. They might go farther and fare worse. Tne TEMPERANCE Mass CONVENTION in Martha’s Vineyard, Mass., has been pro- nounced a failure. The idea of holding a temperance convention in a_ vineyard! Absurd ! Tok Empzrors WILLIAM AND Francis JoszrH are for the present not going to meet at Gastein. The meeting has been so positively announced to take place that there must be a hitch somewhere. What makes Francis Joseph temporize so? Tne New Orreaxs Mvppie.—Collector Casey and Marshal Packard are out ina card to the public giving their side of the New Or- leans Convention muddle. We print their card, which is at best long enough to explain the whole busines: Wrar D republican, 2 erat, of Connecii peaker Blaine, Snglish, demo- 4 ea hobnobbing at Saratoga. The conn er suspicious, especially when th » bathroom at the Grand Union leit to be divided among newly arrived gue ror Cire of We Tne Youna MEN Boston have issued an further informed that within weeks some sixty young m clubs have been formed in the State of Mas chusetts. The Young Democracy of the Ba; State are unlike the Young Democracy of the Empire State—one goes to make a gain; the | other, perbaps, to lose again. are few reratic Tue Orponents or Gexerat Butter in Massachusetts are already fashioning his Thanksgiving proclamation in case he should be elected Governor. The example of Gov- ernor Gerry—from whose name the phrase of “Gerrymandering” a Congressional district was derived—has been introduced into the discussion. But Gerry was a Governor in fact, whereas Butler is only a Governor by mention as yet. Secretary Bovurwewi's new loan, after being rejected at home, promises to become a favorite investment in Europe. Advices were received at the Treasury Department yester- day to the effect that the subscriptions to the loan in England and Germany largely exceeded the allotment for those countries, and it is believed European capitalists will at once take the remainder of the fifty millions offered to the national banks of this country. Axyorner Movenrvt Catamity comes un- der the head of marine disasters. We have the sad tidings that the ship Prince of Wales has foundered at sea and that fifty persons have found a watery grave. The particulars of the calamity are not given, but they can be easily pictured by the imazination. It is ever the same pathetic story, with some slight variations. Man may do what he may; the elements will assert their supremacy. | NEW YORK HERALD, WEDNESDAY, AUGUST 23, 1871.—TRIPLE SHEET: Johnson, a life-long democrat of Tennessee, as | Steam Bollere—The Dangers Which Menace cess of the New Loan im Europe. Yesterday, in London, Frankfort and other Enropean financial centres, the subscription books to the new five per cent funding loan were opened under the auspices of the Euro- pean Syndicate, The result was a most grati- fying and pronounced vindication of the stand- ing of American credit abroad, the more satisfactory from the obscurity in which such recognition was previously and recently involved. Before noon the subscriptions, or to speak more properly, the applications for the new bonds reached an aggregate of fifty million dollars, and at the close of business these applications in London and elsewhere are stated to have exceeded seventy-five million dollars. So complete, indeed, was this first essay at popularizing the new loan—tbe entire amount in the hands of the European Syndicate, including their own subscription of fifteen million dollars, being only eighty million dollars—that it is stated the subscription books will be closed to-day. This closes up also Mr. Bout- well’s first instalment of five per cent bonds formally placed in the market under the operation of his circular of February 28, ‘1871, excepting the fifty million dollars re- served for the option of the national banks for sixty days from the 10th inst. But he has still a reserve of three hundred million dollars of five per cents, which it is doubtless his purpose, although not so officially stated, to retain as a sort of premium upon the negotia- tion of the four anda half and four per cent bonds, While there is much occasion for congratu- lation in this rapid absorption of our new funding loan we cannot, however, see in it anything surprising. The real matter of sur- prise is that upon the first offer in exchange a five per cent bond, having ten years certain to run, and perhaps forty, holders of matured five-twenty bonds did not immediately avail themselves of the chance afforded them. It must have been patent to every one of any financial judgment whatever, after the close of the war with the South, that an effort would immediately be made by the United States to fund its debt at a lower rate of interest, and they ought certainly to have seen that no more advantageous offer could or would be made than a five per cent bond in exchange for a six. The real secret of the indifference which met Mr. Bout- well’s initial efforts at funding is that no one outside of a small circle of admirers who had no bonds to exchange knew of his pur- pose at all. Hence the success of the new agency becomes plain, in its use of the tele- graph and the press to proclaim the work it bad on hand. Mr. Boutwell blew a penny whistle expecting the world to hear, which it did not; his successors in the negotiation fired off a succession of mitrailleuses in every prominent financial centre @ Europe, and kept the special correspondents, Reuter’s agents and the agents of the Associated Press busy chronicling their doings. Mr. Boutwell might have done the same with the same result; for behind both, as the real cause of the success of the negotiation, stands the unimpeachable credit of the United States and the great and growing prosperity of our country. Recurring to the original offering of the loan by Mr. Bout- well, it is surprising, indeed, that the entire monopoly of national banks did not compete immediately for the exchange of their five- twenties for the two hundred millions of dol- lars of five per cents then unconditionally offered, securing then, as it would have done, a contract, embraced in the agreement of the Secretary of the Treasury and binding upon the government, to continue their banking privileges during the whole time within which the new bonds could not be paid off. This would have put an end, for the next ten years at least, to any danger of Congressional inter- ference with these privileges and stopped a great deal of the popular clamor that the banks have ‘‘too good a thing of it,” to quote an argument advanced in support of this ex- change of securities. With, therefore, so much indifference to the advantages of the new loan on the part of those among us who were to reap the greatest benefits from subscribing to it, the triumphant success which attends it at the eleventh bour seems the work of magic. With money at two per cent in London and a plethora of currency in all the continental banks, so that Germany's immediate payment of her war loans almost escapes notice, there is nothing to be surprised at that a United States five per cent bond should find ready takers; and one can- not but regard the agency in its negotia: tion as being infinitely less than the security and interest offered. Another reason for Secretary Boutwell’s failure is to be traced to the confusion in which he involved the ques- tion of exchange by his numerous circulars, the first of which was difficult of clear under- standing—a condition not helped by those sub- sequently issued. Even now itis hard to de- termine from the text of any of these circu- | lars whether the Secretary ever offered more than two hundred millions of dollars of five | per cents, or, if he did, whether he has for- mally withdrawn the extra three hundred millions of dollars, not included in the present arrangement, from the market. When we at home find this muddle it is not to be wondered at that foreign holders found it difficult to tell whether they could exchange for four, four and a half or five per cents, or in what pro- portion of either, and preferred to hold off. Viewed from this point the rush yesterday for five per cents, when offered alone, finds another ready explanation. There is one interesting lesson to be learned from this negotiation, which, although in most respects subordinate to the general issue, is still deserving of notice. We have here again demonstrated the tendency of modern civiliza- tion to favor the organization of rings. Every business, every enterprise, is urged for- ward to any great success by this agency. The Syndicate is critically nothing more than a ring, and its relation to the new loan was— Secretary Boutwell having limited the present offering to the one hundred and thirty million dollars in its bands—that it had virtually a “corner” in the five per cents. The Secretary has thirteen bundred million dollars of bonds authorized by the Funding bill yet to dispose of. Yesterday's results in Europe show how easy is the task before him, if he but make proper use of the means of publicity afforded him by the press and telegraph to proclaim his intentions: the | of American Credit Abroad—Suc- | superior credit of the United States will dothe rest, The result practically to the United States is so far the assured saving of one per cent on at least two hundred millions of dollars for ten years to come, making an economy of two mil- lions per annum or twenty millions for the ten years, and so much more as shall arise from a compountiing of the annual instalments mean- time—in all of which consideration we are acting on the hypothesis that the national banks will instantly fall into line as subscribers for so much of the five per cents as is yet at their option. Our people are generous and liberal in their financial ideas, and, in view of the great result accomplished, will readily yleld the commissions and charges accruing to the Syndicate, provided there is no exceeding the terms fixed by the law. The success so far of the loan occasions only one regret— viz., that a uniform long bond had not been originally provided for by the Refunding act, into which the whole debt might have been transformed. Should the refunding process come toa halt when, in the future, Mr. Boutwell offers the remainder of his five per cents in connection with the four and a half and four per cents, we trust the next Congress will be equal to the exigency. The rate of interest does not represent the value of money for employment so much as the risk the lender takes in lending it. Both these considerations enter into the matter. In fact, the value of money and the risk of it are always the supplements of each other in every interest rate, The risk being minimized in the case of a United States loan by the unimpeachable good faith of the government and the capacity of so prosperous a country to meet its every ob- ligation, capital properly solicited could be had by us at the lowest possible rate it commands for its simple use. It is in view of these cir- cumstances that we reiterate our oft-expressed belief in the capacity of the government to convert the whole debt into a loan bearing no higher interest than the facile rate of 3.65 per cent per annum, if not as low a rate as Great Britain pays upon the enormous consolidated debt resuliing from her centuries of wars, Tue Tenvre-or-Orricr Law is a fruitful cause of contention now, as it was during Andy Jobnson’s administration, It not only deprives the President of choosing his own counsellors, but puzzles his Cabinet to determine when a vacancy exists, When General Pleasonton was removed from the In- ternal Revenue Bureau Mr. Douglas was ap- pointed to succeed him. Mr. Douglas now finds himself in a quandary—be does not know the exact position he occupies—whether he is in fact Commissioner of Internal Revenue or is merely an ad interim appointment. If the former then a vacancy occurs in his old posi- tion of Assistant Commissioner; but this is a point that neither Mr. Douglas nor anybody in the Treasury Department have been able to determine. In this emergency he has referred the question to Attorney General Akerman, and it is hoped that functionary will be able to establish the intent and meaning of the Tenure-of-Office law, a subject which has puzzled both Congress and Cabinets from the day of its passage to the present time, ARTILLERY Practicr 1x THE Lower Bay.— It would be well, we think, if the officer in command of the forts in the harbor would confine his artillery experiments to a more opportune time than when the lower bay is studded with vessels. The Plymouth Rock had a narrow escape on Monday from being struck by a shell fired from one of the forts—at least so several of the passengers think. It may be all very true that there is no danger from the firing from the forts, as the officer in command contends, but the best of skill may sometimes miss its aim. Passengers by steamers in the lower bay will find no com- fort in the assurance that only expert gunners fire the shells, and who know just where to make them fall. We would advise the harbor officers to keep in mind that passengers have aright to feel, when they go down the bay, that they are not liable at any moment to be blown to atoms for the sake of military science, Tue CoMMERCIAL INDEPENDENCE OF THE West.—By a telegraphic despatch from Chi- cago, which we print this morning, it will be seen that the people of that city are much exercised by the arrival of a cargo of goods by means of a steamship direct from Europe. New York having far outzrown all her rivals on the seaboard, from Galveston to Portland, is not likely to be alarmed at any prospective rivalry of the lake cities, If the commercial independence of the West could be attained Chicago would only share with Milwaukee and other places the commerce which would thus be built up. But, in reality, the idea is im- practicable go far as any great trade is con- cerned, and New York will continue to be, as she has long been, the metropolis of the coun- try and the centre of its commerce. Tue Communist Triats.—We publish in another part of the Herap this morning two interesting letters from our correspondents in Versailles, descriptive of the trial of the Com- mune leaders, Though on trial for life the prisoners seem to be perfectly indifferent, and it was only occasionally, according to the report of the proceedings, that some of them felt interested enough to trouble themselves about what was going on around them, Yet these are the men who brought about one of the fiercest rebellions of modern times, and in their attempt to make it successful employed means such as savages would sbrink from using to attain their ends. Over IN Jersey they elect a Governor this year, but on both sides the aspirants for the honor are so numerous and 80 available that republicans and democrats are bothered which man to choose. If they had ten ora dozen governors to elect it would be plain sailing; but, being limited to one, New Jersey is threatened with a war of the factions on both sides which promises a great commotion, Such are the political embarrassments of a small State with more than her fair proportion of great men. i Visrrors aT NIAGARA Fats may be sure of having their money’s worth if they keep their cash in their pockets. It is a shameful thing that one of the grandest natural phenomena in the world should be infested by a horde of greedy land sharks. Niagara is a good place for office-holders with plenty of funds, The Great National Contest of 1872—The Republican Candidate for the Vice Presi- dency. It is generally understood that Vice Presi- dent Colfax is not and does not intend to be candidate for another term of four years as President of the United States Senate. If any doubts upon this point existed down to the time of the Vice President’s narrow escape from suffocation in the close and unwholesome atmosphere of the Senate chamber, we dare say that that solemn warning, with his own testimony on the subject, have conclusively settled the question, Considering Mr. Colfax, then, out of the field, the inquiry recurs, Who will be the republican candidate for Vice President in the great national contest of 1872? This is really the only doubtful question in reference to the republican Presidential ticket. General Grant has so completely bafiled sll the ambitious malcontents of his party, lately intriguing to supplant him, and with his simple and acceptable policy—retrenchment and economy, the payment of the debt and peace at home and abroad—he has so strengihened himself everywhere in the confidence of the masses of his party that even Sumner, Fenton, Trumbull, Logan and Gratz Brown have apparently abandoned the idea of any serious resistance to General Grant in the regular Republican National Convention. Mr. Greeley, in his latest authoritative manifesto on the subject, announced that at present he is op- posed to the nomination of General Grant for Another term; but this manifesto probably only means that Mr. Greeley has still an axe or two to grind in the Custom House, and is: “waiting for something to turn up.” He has always been very crotchety and disposed to kick out of the traces in reference to the Presidential ticket or platform of his party | before the national party convention, or in the convention or after the convention; but with the regular opening of the battle he has generally fallen into line and worked like a beaver for the regular ticket and the cause of the party. Norcan we suppose that in the present case he has been so far deluded by the flatteries of injudicious friends or the ‘‘soft sawder” of designing enemies as really to be- lieve that even in the exceedingly doubtful contingency of a scrub race there is the ghost ofa chance for him as the ‘farmers’ candi- date” for the White House. Our impression is that as a republican politician Mr. Greeley has pinned his faith to the coat-tail of Senator Fenton, and that the pair of them are engi- neering for the Vice Presidency, and in behalf of Mr. Fenton for the republican nomination for the succession, Mr. Fenton was a candidate for this position in the Republican Convention of 1868, and he was doubtless somewhat disappointed in being cut out of it. We fear, too, that the New York faction which, in that convention, spiked his guns for him, or that this spiking of his guns by a divided vote from New York, has had much to do in determining his present attitude of armed neutrality, to say the least of it, in relation to General Grant. Still we incline strongly to the opinion that if things can be so arranged as to secure the sapport of the administration for Mr. Fenton for Vice President in the approaching Republican National Convention there will be no further opposition from Mr. Fenton or Mr. Greeley to the continuance of Mr. Murphy in the Custom House, and no further opposition from the Fenton faction to the re-election of Mr. Conk- ling to the United States Senate. The equiva- lents thus suggested for the elevation of Mr. Fenton to the Vice Presidency in 1872 are prima facie strong inducements for the bar- gain; and yet, considering the facts that the strength of Mr. Fenton in New York has been reduced to that of a mere faction and that outside of New York he is a cipher, we fear that he will fail in 1872, as he failed in 1868, The simple truth is that Mr. Fenton has no reputation as a statesman, nor as a political speaker or leader. He has only the reputa- tion of a local political party manager and lobby man, of the style of Thurlow Weed, though far inferior to Weed in the manipula- tions of caucus or lobby. At all events, in our judgment, from all the signs of the times, Mr. Fenton will not be put upon the ticket with General Grant in 1872, Where, then, shall we find the man? Within the last thirty years we have had three cases which have proved that the Vice President may become a more important functionary than President of the Senate in the chapter of accidents marking the uncertainties of human life even in the White House. We refer to the cases of Tyler, Fillmore and Johnson. The whigs in 1840, with General Harrison, put up John Tyler, of Virginia, a bolting old- line democrat, on their Presidential ticket as a makeweight, especially among the floating Southern democracy. Harrison soon died in the White House from the tortures of the swarms of whig office-seekers drawn to Wash- ington with his inauguration. Tyler became President, and his old democratic instincts next brought him into conflict with Henry Clay, the whig leader in Congress, and the results were the excommunication of Tyler from the whig charch, the loss of the spoils and influence of the administration by the whig party and the election of Polk over Clay as President in 1844, although it was “a very tight squeeze.” Now, had the whigs snpposed it probable that General Harrison would not live through his term, they certainly would have chosen. a man for Vice President in that campaign more decisively identified with their party than was Jobn Tyler. They did in 1844, from this unfortunate experience with Tyler, avoid their great mistake of 1840, and they thought they had avoided it in the nomination of Fillmore for Vice President, with General Taylor for President, in 1848 ; but Taytor died, as Harrison died, from the tortures of the White House, and the Vice President took his place, Mr. Fillmore, however, like Tyler, was hardly warm in the President's chair when he began to engineer for another term on his own account, and, though he failed in the Whig Convention of 1852, he had so fully set his mind upon another term that he ran as a third party candidate in 1856, thereby secar- ing the election of Buchanan, the democratic candidate. The new republican party, nevertheless, required another repetition of this Vice Presi- dential lesson in order fully to understand the consequences involved in it, and they received A this lesson in chooslr > wd ciecting Andrew their candidate for Vice President on the Lin- coln ticket of 1864, The idea was that the name of Johnson would operate asa peace offering in the South, and in strengthening the Union war party in that section would strengthen it also in the North, and especially in the West. Mr. Johnson, however, in be- coming President from the death of President Lincoln, began at once to play the gamé of making himself master of the situation for the Presidential succession. Like Tyler he got into a war with Congress ; but, unlike Tyler, he was defeated in every battle with Congress, and only escaped an ejection from the White House by one vote in the trial of his im- peachment. Tyler broke down the whig party, but Johnson built up the republican party from his war with Congress, Tyler was a fatal mistake to the whig party, while Jobn- son, though another mistake, proved to be a sort of providential dispensation to the repub- licans ; for he, by his vigorous opposition, kept them together in spite of themselves, and thus cleared the way for the nomination and the triumphant election of General Grant, with a powerful republican Congress to back him, But, notwithstanding all this good luck from Johnson, his administration is a solemn warn- ing to the party in power to beware of another repetition of the experiment, And we pre- sume that in their Presidential Convention of 1872, as in 1868, the republicans for Vice President will choose a man whose political antecedents and party affiliations place him beyond the reach of suspicion. It is proba- ble, too, that the claims of the East or of the South to the Vice Presidency this next time may be recognized as paramount, and that Mr. Speaker Blaine, of Maine; Mr. Boutwell, of Massachusetts, or, peradventure, the Rev. Henry Ward Beecher, of New York, or Attor- ney General Akerman, of Georgia, or Judge Busteed, of Alabama, or some such trusty champion of the Southern Union Leagues, may be made the happy man. There may be some doubts as to the availability of Judge Buateed ; but there can be no doubt that he at least represents those progressive republican ideas which will control, or ought to control, the nomination indicated, if made from the South. As for Brother Beecher, we think his nomination with General Grant in 1872 would be a tremendous success. The one thing now becoming apparent—East, West and South—is the pipe-laying of the republican leaders for the Vice Presidency in connection with Gen- eral Grant, and on this matter we cannot dis- miss the opinion that even Mr. Fenton and Mr. Greeley are in the market. ANoTiaER Gotp Corner.—The speculative elements of the gold market, so long dormant, have been aroused into activity by the dis- covery of the existence therein of a powerful clique, who so tightened the coils yesterday as to force their opponents to ‘pay most extravagantly for indulging their speculative bent of mind. In fact, the evil fell so heavily upon many of the merchants interested in the free daily supply of the precious metal that they embodied their grievances in a petition of complaint to Mr. Boutwell, who has seen fit to alter the time of the current week’s sale of gold, in order that he may afford such measure of relief as lies in that remedy. The gold sale is therefore to take place to-day, and a curious throng will doubtless watch the result, for a host of speculators and merchants are now wrapped up in the events of the gold market. Tne Boat Raoz at St. Jonn.—The boat race at St. John, N. B., between the Tyne crew and the St. John crew, takes place to-day. In addition to the interesting matter in rela- tion to the race which we print this morning the readers of the HERALD will be gratified at the excellent map of the course which accom- panies it, The race will be a well contested one, and when the result is announced this diagram will be found very useful. We have some hopes that the Americans may triumph over the Englishmen, and though this is asking more than we, perhaps, have a right to ex- pect, yet we should not be surprised at such a result. The races at Halifax, which are to follow soon after the match at St. John, will also excite great interest, the Coulter crew from the United States, as well as the Blue- noses, contending with the Englishmen, A Pretry Geverat CompLatnt—The complaint of excessive taxation and political corruption in high places. Even down in Texas a movement has been set on foot by ex-Governor Pease and others for a State Convention to consider the ways and means for reducing ‘‘the exorbitant expenditures and enormous taxes to which they are now subjected.” Extravagance and corruption, in fact, in all parties, appear to be the prevailing evils of the day, from Canada to Mexico, and from Mexico to Cape Horn; and _ political revolutions appear to be nothing more than battles between the outs and the ins for the epoils and plunder. Rrormye in IrELaND is getting to be an everyday’s luxury. New York gave a new impulse to the sport, and the spirit of the Bloody Twelfth is stalking abroad creating mutiny in men’s minds, Yesterday a mob in Limerick amused itself with stoning the police. The despatch says that there was a band of music present, but it does not explain for what purpose. Was the music necessary in order that the stone-throwing fraternity might keep time or ‘‘come up to time?” Music is said to soothe the savage breast, but in this instance the saying does not apply. Tue Cnorera.—The ravages of the cholera are steadily increasing at Kiénigsberg. The disease is evidently on its travels again as a deadly epidemic, and there is no safety to us against its approach except in the adoption of all needful precautions to meet it and to fight it with all the weapons which experience and medical science have proved to be most effec- tive, And yet New York continues the dirtiest city in the United States, while from its natural advantages it ought to be the cleanest of all the great cities in the world. A Dactstion was rendered yesterday by Judge Sutherland, of the Supreme Court, in the matter of the unpaid balance of the bill claimed by the Messrs, Cornell for iron work for the new Court House. He decides that the bill isa just one and must be paid, and that a mandamus may be issued compelling its payment by the city. Us. It turns out that the sinking of the steamer Wyoming was not caused by a boiler explo- sion, but so frequent have been these disasters lately that nobody would have been surprised if such had been the fact. This is, indeed, a season of boiler explosions, accidents of this kind having become epidemic. On the river and in the Sound, in the harbor of New York and even among our sea-going vessels, old, patched and wornout boilers are in daily use. The workshops of the city are full of these death-deal- ing engines, as the columns of the HeERAacp clearly prove this morning. Even the terrible Westfield disaster, followed so quickly by the explosion on Chautauqua Lake, and the Starbuck explosion, have failed to awaken the community to a full senso of ita danger. Men and women slumber in fancied security in the neighborhood of machinery which may explode at any moment. Twenty- seven hundred boilers are employed in the city, and many of them have been used almost since the application of steam, The testa applied to ascertain their condition are often unsatisfactory, and, were we fully aware of our danger, we would be bound to confess that we live day and night over slumbering volcanoes, i If the Westfield explosion has taught any- thing it has clearly demonstrated that the hydrostatic test is notsufficient, It is the duty of the inspectors to know the exact condition of every boiler in and around the city. Patched boilers should not be allowed in any workshop or on any vessel. Those which have been used for so long a time that they must of necessity he worn out should be discarded. The most scrutinizing examinations should be made and the most rigid tests employed to ascertain the soundness of such dangerous machinery. And yet we haye reason to believe that the examinations have too often been superficial, and that the use of steam engines is, as a rule, reckless in the extreme. Ignorant engineers are frequently employed. Engines which have been used for years are run up to the full measure of their capacity. Steam gauges often fail to mark’ with cer- tainty the qiantity of steam which is carried, and oftener they are disregarded though they speak in warning indications of impending danger. Caution is lost sight of till the explo- sion comes, dealing death and destruction, as in the case of the Westfield. We cannot put away from us the conviction that we are constantly surrounded by dangera of which we do not even dream. Where there has been so much recklessness and such a fearful lack of vigilance it cannot be otherwise than that much of the machinery employed in our workshops is old and worthless. In three weeks nineteen defective boilers have been found by the police. How many more thera may be it is impossible to tell, but there are, perhaps, hundreds in the city. Hach day a new disaster may occur. Every hour there is danger. Shall we, then, slumber on in fancied, security, forgetting the Westfield and ita lesson? It is necessary that the public should wake up to the importance of this matter, that the officers whose duty it is to investigate the condition of this dangerous machinery may be compelled to do their whole duty. Nothing short of a powerful public opinion will make the examination sufficiently rigid to insure safety, and by this means only can the owners of boilers and engines be mada to feel that they will be held responsible for the condition of their machinery and the in- telligence and care of their engin . Till the people speak boldly and unmistakably Vesuvius will be a place of safety compared with New York. Tar PorrtioaL CAMPAIGN IN On10.—While it is reported that from ill heaith General McCook, the democratic candidate for Gov- ernor of Ohio, has withdrawn or soon will retire from the field, and that General Ewing will take his place, it is apparent that on their “new departure” the Ohio democracy are any- thing but harmonious or enthusiastic. On the other hand, the republicans have made all the needful preparations and appointments for a thorough stumping campaign, and are to begin the work to-morrow at twenty different points, and with a force of forty speakers, more or less; and they intend to “keep the ball ia motion” in every city, town and village, and at every railway station, steamboat landing and crossroad post office in the State, till the eve of the October election day. And so the odds appear to be decidedly against the democracy in Ohio, FAMINE AND PestiLence are doing their worst in Persia, There can be no doubt that the details originally published in our special cable report some time ago were not exagie- rated. Later reports not only confirm them, but tella still sadder tale of the awful calamity, As usual, famine and pestilence go hand in hand in the work of destruction, It makes the heart sick to read that in one province alone twenty- one thousand persons have died of this dire combination, Surely something might be done for these poor people by the Western vations. While we are in the midst of plenty they are dying by thousands the slow, agonizing death of starvation. Could not England and the United States step in and stay the fangs of hunger, which, like a monstrous rat, are gnaw- ing at the vitale of a whole nation? Tne JAPANgsE are a practical, go-ahead people. Governor Ito, the Japanese Minister of Finance, has written a letter to a gentle- man in Wasbington, stating that so well pleased is his government with his report of his mission to this country that he was com- manded to at once begin the work of remodel- ling Japanese finances upon the model of the American system. This isa flattering com- pliment to our countrymen, and cannot fail of having a most beneficial effect upon American credit in the East, Wnar's In A Name?—The new county of Lee, so named by the State Legislature in honor of the late rebel General Lee, is one of the few counties carried by the republicans in the late Kentucky election. Serremner is rapidly approaching, and with it the end of the summer season in the country and the beginning of the fall season of busi- ness, fashion and amusements fa town; anda brisk season, too, it promises ta ba. in buai« ness, fashion and fun,