The New York Herald Newspaper, January 12, 1872, Page 6

6 NEW YORK HERAL " BROADWAY AND ANN STREET, JAMES GORDON BENNETT, PROPRIETOR, —— AMUSEMENTS THIS EVENING. Tuc Meportea Loan of Six Hundred Mil- | The true way is to consolidate the whole debt | Conaress Yestorday—Fragrant Momories— ious avd Mr. Boutwells Management of the Debt. The proposal of Jay Cooke & Co. to take six hundred millions of the new loan seems to be a large and bold financial movement, This is a stupendous sum,. Few financial opera- ++-No. 12 | tions in the history of nations—no, not even in | terminable late times, whem everything is on a much larger scale than formerly—can be compared Ere TRRATAR, yy trondway.—Twm Battier Pam- | with that proposed by these bankers to our "S THEATRE, Twenty-third st., corner Sixth av. — BOOTH' JULIUS Oa6AR. government. The boldness of the proposition is characteristi¢ of American ambition and GRAND OPERA HOUSE, coraer of Siu ar. anda at | enterprise and ofthe greatness of the country, No TuoRoveurane. woop's ances aftern MUSEUM, Broadway, corner 33th st. —Perform- oon and evening. —BKAUTY ANP THE BRAST, FIFTR AVENUE TH#ATRE, Tweuty-fourth street, — Tur New Drama or Divouce. WALLAOK'S THEATRE, Broadway and 13th street. — Joun Gantu. NIBLO'S GARDEN, Broadway, Houston streets, BLACK OROOK. BOWERY THEATRE, Bowory. Wars o¥ New Youx. STADT THEATRE, N 4. 47. Bowery, Bourre—La Pauiouonar™ “% "4 47. Bowery.—Orzua BROOKLYN ACADEMY OF MUSIC, Montague street— OUR AMERICAN CouRIN, svi ‘ RS. F. OB. MonTE Ons9To. CONWAY'S BROOKLYN THEATRE.— STEINWAY HALL, Fourt F Pre cokeaee eenth st.—GRAND SYMYIIONY THEATRE OvMIQUE, 514 Broadwar.— 1aMs, NEGRO nome RG—Wurre Onook, oon? VOOM UNION SQUARE THEATRE, Fourteenth st, and Broad, Way.—-NEGRO AOTS—BURLESQUE, BALLET, io TONY PASTOR'S: OPERA HOUNE, No. 201 Bowery.— Nrano EooxntRivirixs, BURLESQUES, £0. BRYANT'S NEW OPERA HOUSE, ‘ ablnhave-Berante Minerneue: ar hy ee a) FRANCISCO MINSTREL HALL, 685 — wks Ban Manaleoo MiNovkaes, x Lach! NW YORK CIROUS, Fourteeatn sree. TH. Ring, Aorouars, £0. SEN oo NEW YORK M Me Borsnom AND eee OF ANATOMN, LEAVITT ART ROOM! - Broadway.—Exuist- s10N OF PaterinGa, ee NO MF Pager 618 Broadway.— DR. KAHN'S ANATOMICAL MUSEUM, 745 Broad - G6OLENOR AND Ant, Eat eens aoe TRIPL Seow York, E Friday, January 12, 1872. — CONTENTS OF TO-DAY’S HERALD, Pag, 1—Advertisements,. 2—Adverisemenis. S—Washington: Roseoe Conkiing’s Rata on tho Senavors; Khode island -Roger and ie Blue Law Puritans Resurrected in the House— The Republican National Commitiee: ‘The National Oonvention to'oe Held in Phila- @elphia ‘on the 6th of June Next—The Louisiana Troubles—New Mexico | Emeute: Santa Fe Imitating New Orleans; Collision ‘and Tumult in the Legisiaturo—Meeting of the cae League Club—Miscellanéous Tele- ‘st Senator Conkiins’s Charge on the “One-Term” Amendment; Sumner’s Response; Lively Scene in Neb bial 8 ti} wena of TH uy er fending the Puritans—The Paterson Polsoning Case: Livbie Gatrabrant and Van Winkle Bogart Indicted for the Deliverate Murder of Ransom F, Burroughs—Bricklayors’ Convention—Three of Bergh’s Bullies—Mr. Bergh and the Society the Prevention of Cruelty to Animais— ney nt Bergh and the Pigeons—The Western G—The State tal: Reform Measures for the Actropolis Introduced in the Legislature; Pro- Posed Keoonstruction of the Municipal Depart. ments; “To the Victors Belong the Spotis;” Commissioner Van Nort to be Legisiated Out of Omice; The Reform Aldermen to Go “Where the Woodbine Twineth;” Clean Sweep of the New Broom; A Petition from the Friends of Erie; The G14 Underground Railroad Project Reviyed— Proceedings in the Virginia, Georgia and Kansas | egisiatures—Brooklyn Reform— Lrg Reform in Jersey City—Lectures Last Night—Reading keception—Ice Boat Carnival at Poughkeepste—German Free- Thinkers in Councii—The Late General al- leck—A Carriage of the Emperor Napoleon JIL~-The Hoboken Suicide—A Case of Hydrce ni @-Eantorinis: Leading Article, “The Reported Loan of Six Hundred Millions and Mr. Bout- ‘Well’s Management oi the Debv’—Amusement Announcements, ‘Y—Catacazy’s Vase: Official Note of Prince Gort- chakof to Minister Curtin; Russia Feels In- sulted; Seoretury Fisk Rebuked for Disrespect to Russia’s Kepresentative; Charges Refuted by Catacazy; Insolent Tone of the Note—Sher- man’s Tour—Another Colliery Explosion in Wales: Eleven Dead Bodies Recovered—Tele- —- from menadione! land, Italy and Aus- 1a—News from Cul ‘he Mormon War— Miscellaneous Telegrams—The Tammany Braves: The Warriors on the War Path and Many Scaips Taken—Grand Powwow aud War —| Notices, 8—City Reform: Important Meeting of the Board of. Alaermen-—rotitient Retorm—The Alieged Harbor Abuses—How Savings Are Saved: Will the Third Avenue Bank Weather the Gale? a Plucky Craft and Plucky Sailors; Scenes and Incidents—New York Cily—Brookiyn Affairs— Flood and Flame: Ap Italian Ratiway Swept Away and the Arsenal of Venice Burned— Burglars at Work—Curling—Skating—Sports in the Mounvains—The Late James H. Hack- ett—Music_and the Drama—The Newtown Frauds—“‘The Fat Contributor”—Essex Free- holders Happy—Pay the Firemen and Police- men—Sn 8 Strange Suicide. 9—The Custom House Committee : Genera! Palmer Again on the Stand—Fatal Railroad Casu- alty—The Ludlow Street Jall Delivery—A Fe- male Protector—Footpads at Work—Sporting Challenge from Virginia—An A Per- Jurer—Financial and Commercial Reports— Cattle Market—Domestic Markets—Marniages and Deaths. 40=—The Trial of Mrs. Wharton: Shifting the Scenes in the Poisoning Drama at Aunapolis— The Women's National Suffrage Convention— Erie’s New Vice President—European Mar- kets—Shipping Intelligence—Advertisements, 41—The Courts: Charge of Professional Neglect Against a Lawyer ; Embezziing a Letter ; ‘The Callender Case ; ‘Ihe Yorkville Police Justice- ship; Action Against the Dock Commission- A Breach of Promise of Marriage Case ; ness of the General Sessions ; Decisions— “across the Continent” in Winter: Arrival of Eight Hundred California Passengers at Chi- ; Twenty Days in the Snow Drifte— The Kew Housatonic Bridge—Fatal Kerosene Explosion—OMicial Proceedings of the Boards | of ‘Tidermen and Assisiant Aldermen—Adver- i teectives ns Tus New Orteans Zimes regards os “hopeful husbandmen” those who sow bribes and expect to reap reforms. But the questiom naturally arises, Can these ambitious finanelers carry such a weight? Jay Cooke ha made a great deal of money out of the government, and may be called a milllonmaire, but, unaided, he and McCulloch and. the rest of his American between Prince and | associates, coul@ lift but a very small portion of this vast lowil, But they say the great tus Hovse Doo— | house of Rothsctiil@s, which is equal to almost avy financial wm@ertaking, will be a party in the transaction, We must admit this state- ment to be true, for we cannot suppose the name of the Rothschilds firm would be used 8o authoritatively and circumstantially unless some assurance of that had been given. Wo are not disposed to credit the rumor whispered in Wall street that this grand talk about the loan is merely to advertise the parties or to produce an effect upon certain Pacific Rall- road bonds or other speculations. Nor do we think they would use the name of the Roths- childs for any such purpose, Still, it would be reasonable to suppose that the Rothschilds would deal direvtly with the government in a business of such magnitude if they were going to be actual purchasers of the loan or any considerable amonut of it. With our present limited information about the matter we are inclined to think the prop- osition is for an agency only in disposing of the six hundred millions, and that Jay Cooke, McCulloch & Co. have had the adroitness to get the consent of the Rothschilds to be a SHEET. party to it. Of course this would give char- acter to the enterprise, as well as strength and reputation to these Americans, who havo started the project. If the propvsition be simply for an agency, or—to use the more im- posing term—for a Syndicate, without an actual purchase of the loan, the character of the proposed transaction is somewhat different from what’ the public has been led to expect. Still, the co-operation of the Rothschilds in such an agency would be valuable. It would be better if that famous house would take the loan and pay for it without the cost and ma- nipulation of intermediate parties; but if thé terms be acceptable and a good barga'n can be consummated, the government might not hesitate to place the loan in competent hands, The conditions for negotiating or placing the loan in Europe are not. known definitely by the public. It is said, however, that they are tobe like those for placing the hundred and thirty millions of the five per cents which remained out of the two hundred millions not taken by the national banks at home, and which the Jay Cooke, McCulloch & Co, Syndicate placed abroad. These were one-half of one per cent commission, less the cost of expenses in preparing the bonds and three months’ interest on the hun- dred and thirty millions, amounting in all to about two millions. This was an enormous amount to pay for the agency in disposing of the new bonds, and a rich mine of wealth to the favored Syndicate. At this rate, if even only three months’ interest is allowed, besides the commission, the cost to the government for negotiating the six hundred millions would be near nine millions. But it is reported that the new Syndicate, with which the name of the Rothschilds is associated, require a year to complete the bargain and the interest on the bonds during that period. This would cost the government over thirty millions. We do not know if Mr. Boutwell entertains such an extraordinary proposition, but, judging from his previous lavish expenditures in placing the hundred and thirty millions, and the whole course of his funding policy, we should not be surprised if he does, The Secretary, in his report to Congress, says that the commissions allowed to the agents for negotiating the loan were inadequate, and recommends a more liberal allowance, This shows that he is prepared to be more liberal. He would, probably, grant all the exorbitant demands, even to the amount of thirty mil- lions, to the favored ring of friends who are intent on manipulating the debt. He has but one idea in’ funding the debt, and that is to fund it at once, at any cost, so that he may save his credit and get some renown for accomplishing what he proposed to Congress, Then, it 1s fair to presume he desires to throw into the hands of the Treasury Ring this mag- nificent job, with all Its enormous profits. He does not consider that the payment of such a vast sum to agents is equivalent to the differ- ence of interest on the debt for several years and that the government would not save anything for some time to come. He does not consider that the first loss by these agencies A Mover Inavevrar—That of Governor Noyes, of Ohio. It makes barely a half ooluma in large type, and Is aa full of ideas as an egg is of meat. Asp Now they havea sort of border ruffian war in the Territorial Legislature of New Mexioo. We suspect that they caught the disease from New Orleans. This thing must bo stopped, or it may get to Albany before we are done with it. Geweean SHERMAN AND LIEUTENANT Grant have left Madrid for Nice to join the Wabash. According to our special despatch the General has made a great stir in the Spanish capital, He who has been foremost in war has now perhaps become foremost as a peacemaker; for his presence seems to have had a soothing effect on the warlike hidalgos. Tue Exe Rawroav Company already has a new Vice President. The gentleman selected to fill this position is Mr. O. H. P. Archer, one of the directors of the company. The Poard of Directors also instituted a reform by doing away with the office of Comptroller. All bills are now to pass through the hands of an auditing committee before they are paid. At the head of the committee is Judge Hilton, Erie sooms to have taken a new departure in the right direction, and it is yet hoped that ite @ffaire will be honestly avd ably administered, might never be made up in the saving of interest, as the credit of the government is improving so fast that in the course of a few years the whole debt might be placed ata lowef rate of interest, His funding system is crude, and be Is in too great a hurry to carry it through. The proposal to pay the interest of the debt abroad seems at firet thought objectionable, When we return to specie payments, and the gold revenue of the goveroment becomes reduced, the drain of specie to pay this interest, especially in a crisis or when the balance of trade Is largely against us, the markets might be seriously disturbed and the country thrown into a suspension of specie payments again, Yet the operation of telegraphic and other rapid communications with Europe tends so much to equalize exchange and the monetary affairs of commercial nations that such an evil might be avoided, It might not be well, however, to run too great a risk, and, therefore, not to make the interest on any cousiderable portion of the debt payable abroad. “Some might be paid in this way, and for the rest some device might be found to facilitate the payment of interest to foreign bondholders without the shipment of specie, The great defect of the Funding bill, and one which Congress should take into consider- ation, {s the want of uniformity in the secu- tities and the limited time they have to run, ‘| Were considered as valuable as the five The Ono Term Principle. The House regaled itself yesterday with fragrant memories of guano islands, Roger Williams and the Puritans. The guano subject came up in the shape of a bill, amendatory of former acts of Congress, giving to discoverers of guano islands the right to work them, under the protection of the United States govern- ment, Thé special interest intended to be subserved by the bill was that of a Mrs. Parker, whose husband discovered, many years ago, several guano islands in the Pacific Ocean, the two principal of which are known as Johnson's Island and Ayer's Island. The widow's claim, however, appears to be antag- onized by @ guano company, to which her husband in bis lifetime assigned all his rights. The bill was eventually passed, with modifica- tions intended to guard the interests of the company. As soon as this aromatic subject was dis- posed of, and as if to serve as a foil to it, and at the samertime to give point to the old epi- gram, thatonly “the memory of the just smella sweet and blossoms {in the dust,” the virtues and merits of old Roger Williams, the founder of the Oolony of Rhode Island and Providence Plantations, came up'in the form of a joint resolution, heretofore passed by the Senate, accepting a marble statue of that ancient worthy to be set up in the Capitol at Wash- ington, The oration delivered on the ocea- sion by one of the Rhode Island Representa- tives, Mr. Bates; elicited a reply from tho representative.of Plymouth Rock, Mr. Banke, who undertook to defend the memory of the Pilgrim Fathers from the imputation of having persecuted and banished old Roger Williams on account of religious opinions, He denied that the question of religious liberty—or “‘soul liberty,” as he phrased it—had anything to do with that famous historical incident, which was owing rather to Williams calling in ques- tion the title of the Massachusetts. colonists to their lands and aspersing the Christian char- acter'of their Church. Mr. Banks made sev- eral good points in his speech, and engaged the attention of the House to a remarkable degree. The excitement was kept up by Mr. Sunset Cox, who acver can resist the oppor- tunity of getting off witticiams at the expense of New England, and of course his interfer- ence called out General Butler, who suggested the idea of the change which might have taken place in the destiny of New York ifthe in one class of bonds, giving them a long time to run or making them interminable. If the four per cents, having thirty years to’ run, per cents, having ten years to run, why not make all forty or fifty years, or even in- securities? This would not hinder or retard the liquidation of the debt, if absolute liquidation be desirable. . The government could always have its sinking fund, and could enter the market asa pur- chaser of the debt at any time, the same as individuals, without infringing its obligation to the bondholders. If the debt were made interminable the government could, if it chose, buy it all up in twenty years. A four Per oont consul, without time of redemption, would be taken up, probably, as readily as the five per cents, which are redeemable in ten years. Congress ought to remodel tho funding system on this principle and leave the debt to be taken by people at home or abroad as they wish, without the unnecessary cost of agencies to force or hawk our securi- ties in the markets of the world. M. Catacazy the ‘“Tolerated” Russta. Our special despatch from St. Petersburg glves ample evidence that M, Constantine Catacazy, the lately “tolerated” Minister of Russia, bas not allowed himself to be quietly extinguished by our Premier Fish. On the contrary, the Russian. government is in high dudgeon and finds the treatment of its “‘toler- ated” representative very intolerable indeed. Prince Gortchakoff, the imperial Chancellor, whose wrath is aroused at the alleged indigni- ties heaped upon M. Oatacazy, has written a note to our Minister at St. Petersburg which is very energetio on that point, He plainly intimates that there are two sides to the story, that Mr. Fish’s charges are vague, and that several of these charges have already been satisfactorily refuted by M. Catacazy. But the insolent and sarcastiotone of his note is most apparent where he says “he hopes that justice is sufficiently under- stood in the United States” not to expect the verdict of the Russian government before M, Catacazy presented his case. If the United States and Russia were not separated by a large sheet of ‘‘silver sea” which renders armed hostilities against each other an unprofitable, if not alto- Minister of gether impracticable, business, the mat- | Pilgrims had landed on Manhattan Island in- ter might take a serious turn; for | stead of on Plymouth Rock. ‘The discussion old Prince Gortchakoff is not in the | created@more interest and amusement in the bumor to pocket what he considers a gratul- tous insult to Russia; neither are the United States disposed to ‘‘tolerate” the insolent tone of the imperial Chancellor. But the case of M. Catacazy, in the eyes of his govern= ment, becomes still stronger by the light of the revelation that, however improper his con- duct might have been, he only did the bidding of Prince Gortchakoff, whose instructions he was bound to follow. Here is a curious chap- ter of diplomacy revealed. Thus it is Prince Gortchakoff who has been snubbed through M. Catacazy. All is fair in diplomacy as in love. Looking at the matter from this stand- point, the Russian government is certainly not wrong in defending the conduct of its representative; but neither was Secretary Fish wrong in refusing to “‘tolerate” tho intermeddling of a foreign Power in the affairs of this country. . House than anything else which has occurred during the session, and it rounded off by a serlous;vote on striking the word ‘‘nation” out ofthe joint resolution and substituting for it the*words ‘people of the United States,” The motion was.made by Mr. Niblack, of In- diana, and opposed by Mr.. Hoar, of Massa- chusetts, and on the vote the two parties were strictly divided, the republican majority of course negativing the amendment. The Senate was entertained by a* disser- tation from Mr. Conkling in opposition to Mr. Sumner’s joint resolution limiting the Presidency to one term, and by a short speech from Mr. Sumner in reply, The Mas- sachusetts Senator attempted to belittle Conk- ling’s public position by inquiring whether any eminent statesman had ever put himself in op- posifion, on this question, to Jackson, Clay and“Ben Wade. We can imagine how the magnificent Roscoe resented inwardly the com- parison of himself with any of Mr. Sumner’s model statesmen. The House bill making a supplementary appropriation for the expenses of the Ku Klux Committee was passed in the Senate, and gave Mr. Davis, of Kentucky, an opportunity of denouncing the whole work of reconstruction, and of charging the Ku Klux outrages and all the other disturbances in the Southern States to the interference of the federal government in their affairs, Tho Communist Trials at Versnillos, One of the most embarrassing questions to the government of France at the present mo- ment is the condition and disposal of persons still imprisoned for participation in the insur- rection of the 18th of March. At the rate the prisoners are being tried it will take over a year to complete the work. If a general am- nesty be granted the guilty will escape with the innocent, Thata considerable number of those in prison are entirely guiltless is not for a moment to be doubted. It is almost inpos- sible that it could have been otherwise, In this dilemma the government finds itself at a time when the success of the republic depends altogether on the patriotism of its public men and their ability to lezislate in the National Legislature. Thousands of families have been deprived of their natural supporters, thousands of others are in actual want and trade is paralyzed for want of workmen. These are fruitful sources for discontent, and @ discontented people, especially-in France, require close watching, The necessity for despatch is evident in the trials of those arrésted for alleged affillation with the Com- munists’ rebellion, These once over, and one difficulty would be out of the way. So long as they continue to drag as they have been doing—slowly along—so long will the poorer classes have something to irritate. and render them dangerous to the general peace of the country, Sgnxator TweEv’s Casz.—Mr. Tweed is a member elect from this city to our State Sen- ate. He hesitated in going up to Albany to claim bis seat, The Senate, meantime, ignores his claims as a member of the body, and so the district concerned is unrepresented. At the same time Mr. O'Donovan Rossa and others opposed to Mr. Tweed pronounce his election so full of frauds as to be invalid, They make a case requiring the action of the Senate, and if that body cannot act upon the question of Mr, Tweed’s admission until he appears in person it can act and should act upon the question of his election, in justice to the people of his district. Otherwise the dis- trict may go unrepresented to the end of the session, for Mr, Tweed is evidently in no hurry to get to Albany. Grinpine Frpgrat Axes,—Apostle Taylor, in the Mormon Legislature yesterday, inti- mated that the “Church” had received enough indignity from the government, and that they would stand it no longer. Speaking of Secre- tary Black’s appointment of a public printer, he said that if the federal officers had axes which they must grind they must take them elsewhere—they should not grind them in Utah. The apostolic representative must be subject to fits of indigestion, Toe Nationat RepusiicaN CoNvENTION will assemble at Philadelphia on Wednesday, the 6th of June next, The blandishments of the Brotherly Lovites, with the Academy of Music at their back, bore off the prize from the other luckless cities. The Boston offer of baked bean hospitality wouldn’t go down; neither Cincinnati’s lager beer nor centre all round the circumference theory would wash ; Washington's wigwam had no charms, and the vision gf Ku Klux rose peside Louigville’s offer of the Kentucky Gross Roads asa = of meeting; St. Louis, with its Browns and Schurzes, stood no show, and the Quakers had a walk over. A magniloquent party-glorify- ing call was issued, and the meeting separated. The basis of representation in the delegations is to be double the number of Senators and Representatives of each State and two dele- gates each from the organized Territories, Caprais Scorr Brines Down Two Cooxs.—It 1g said of that famous hunter, Captain Scott, of Kentucky, “that When hé sighted a coon ina tree and was recognized by the ‘‘critter,” the sagacious coon, knowing that it was all up with him, would call out, “If that’s you, Captain Scott, don’t fire, for T'll come down.” Governor Scott, of South Carolina, as a markeman, seems to be a chip of the old block. They have recently been at- tempting his impeachment {n the Legislature ; and upon this subject in his message to the two houses he —‘The two foremost of my accusers are well known to the criminal records of the country, and now seek under this impeachment to hide the brand of the convict.” He refers to Whittemore, expelled from Congress on conviction of selling West Point cadetships, and to Bowen, convicted of bigamy; and in each case he brings down his coon, Lastly, with such State reformers as these, we can begin to comprehend those hos- tile Ku Klux Klans, Tog Cumate OF Carirornia.—After a four months’ drought in California they com- plained that it was too dry, and now, after a three weeks’ storm, they complain that it is too wet, Some veople never will be satisfied. Tue Custom Hovsz Revetations so far Made by the Investigating Committee are about the same that we have had under every administration, more or less, since the time of General Jackson, The case as it now stands is Fenton vs, Conkling, which is the old Cus- tom House squabble of hardshells and soft- shells, under Pierce, It is the old fight of the outs against the ins; and the same old rule will apply, that “possession is nine points of the law,” TAMMANY, it appears, still lives, and Is to be reconstructed under the style and title of the “Columbian Order,” notwithstanding the general opinion that All the king's horses and all the king’ Can't 006 Humber Dumpty up pert kar NEW YORK HERALD, FRIDAY, JANUARY 12, 1872.—TRIPLE SHEET, Se Yachting. ‘The very brilliant record of the past yacht ing season has given marked evidence of the growing popularity of this noble recreation. Yachting may be sald to date frow the time of Noab, who took his firat cruise in a craft of large dimensions, but unknown rig, familiarly remembered as “‘The Ark.” Noah appears to have had ample accommodation in this vessel, and from what we can learn he paid more at- tention to space than speed. He evidently had never weighed the respective merits of keel and centreboard vessels, The growth of civilization, however, has made wonderful changes in the construction of our ‘wooden walls,” and if the said Noah was to be carefully resurrected he would doubtless feel rather surprised at the trim and stanch little crafts in which the yachtsmen of 1872 brave the perils of an ocean cruise. For many years Great Britain is said to have ruled the sea, and her navy has always been feared as well as admired. The offshoot from the elder branch which crossed the Atlantic Ocean in search of a new home has, however, taken root, multiplied ten thousandfold, and, shooting up with the vigor of youth, has outstripped the parent plant and spread its branches across the vast expanse of the Western Continent. As a seafaring nation they always were a recog- nized Power; but it was not until 1851, when the yacht America visited English waters, that the British really realized the fact that there were vessels afloat fit to compete with their models of naval architecture and of sufficient speed to even onteail them in thelr own waters, The blow was very: severe, and for many years after the America had returned to her Western haven, bearing with her the Queen’s Cup as a trophy of her victory, there was little heard 2n the subject of international yachting. “ Some few years since three Ameri- can yachts sailed a race across the Atlantio in the depths of winter, and, notwithstanding the severe and tempestuous weather they en- countered, made a remarkably quick passage. Their arrival in the harbor of Cowes ap- peared to throw a little more life into yachting matters, and in the course of the next two or three years several other Ameri- can yachts arrived In the English Channel. The possession of the Queen’s Cup was alwaysa sore point with English yachtsmen, and finally Commodore James Ashbury and the Cambria came over with the intention of seeing what they could do to recover the much coveted trophy. In the ocean race; which constituted the trip across, the Cambria arrived an hour and a half ahead of her rival, Her subse- quent defeat, however, by the same rival and other American yachts, proved that the ocean victory was only one of those lucky events that often transpire in open sea racing where the competing vessels are so much dependent on the chances of wind and tide, The past season has been enlivened by the second visit of Commodore Ashbury, with the Livonia, a new yacht especially constructed to race for the Queen’s Cup. Previous to her arrival the New York Yacht Club made their annual cruise, which extended over a period of three weeks, and included a visit to Bos- ton, where they were received with every courtesy. The grand entrée into Boston Harbor of the combined fleets of the New York and Eastern Yacht Clubs was probably one of the most magnificent nautical spectacles ever witnessed, The month of October was de- voted to the series of races for the Queen's Cup, which resulted in 8 complete triumph for the American. yachts. In fact, in only one instance did the Livonia win a race, and that was owing to the loss of the steering apparatus of her competitor, the Columbia. The result of these matches appears to have thoroughly convinced Commodore Ashbury that any fur- ther excursions after the Queen’s Cup had better be postponed until English yaght builders can construct a model fit to compete with American yachts. Some of the English sporting weeklies appear, however, to take the defeat of the Livonia in exceedingly bad taste, and have published lengthy articles, in which, however, we have discerned very little on the subject of speed, as they are chiefly brought to bear upon the gingerbread and ‘‘champagne basket” style of the Amerl- can rig, which, they claim, makes our yachts unseaworthy and unfit for rough weather. This isa conclusion which they have arrived at, but decidedly without much judgment, as past events have clearly demonstrated, Throe “champagne baskets” in racing rig crossed the Atlantic in mid winter and endured one of the most tempestuous passages on record. One of these ‘‘champagne baskets” was what is spoken of in English journals as a ‘racing ma- chine,” one of the most unseaworthy of all American yachts. There are numer- ous other instances that we can recall, in which American yachts proved themselves thoroughly stanch and seaworthy in every respect. It would, perhaps, be better for the yachting writers of these English weeklies to take their defeat'with a better grace, and, instead of raising a question on probabilities, base their assertions upon recognized facta, If English yachts are so wonderfully constructed for sea-going purposes, why do we not see g few morg on this, side of the Atlantic? Our American yacht owners think no more of taking a trip across fhe Atlantic than they would of steering their course for Bostof or Any of our Eastern ports. If the writers on the other side wish to con- tend that English yachts are rigged fa a much heavier and more clumsy style than our American pleasure vessels we will, without further discussion, give them the palm, as our riggers have had a view to elegance and beauty in the construction of what is designed for pleasure purposes, and confine their heavy manila and tar to merchantmen, Notwithstanding these unfortunate proofs of the gingerbread qualities of our yachts, which appears to cause such disquietude in the minds of English yachting scribes, a number of our ‘‘champagne baskets” intend making a cruise this season which will embrace the English Channel, the Baltic and other Euro- pean waters. This fleet will probably start early in May and remain abroad some three or four months, during which time some of the sea-going English yachts will have an oppor- tunity of testing their merits, and, weather permitting, the scribes may be gratified by the wreck of the entire fleet, from the result of daring the perils of the English Chancel in such gingerbread attire, ‘Yesterday m the Legisiatare=The Roforat ; Measures. It ig very evident that the Legislature is ia earnest in its crusade against corruptioa. The bills introduced yesterday are thor- ough in their object and indicative of a desire on the part of the major. ity to push their advantage to the utmost. No half-way measures will suit the temper of the republicans, and no compromises with the ‘Tammany enemy will be tolerated, If the fulfilment equals the promise, the new broom will have swept clean, indeed, Bills of a highly important character, affecting the interests of the metropolis were introduced yesterday. Mr. Mackay in the House presented a bill for the reorganization of the Board of Emigration and appointment of five gentlemen to discharge the duties per- formed by the present Commissioners, They are to hold office for five years, Itis expected that the bill. Mr. Twombley introduced on the first day of the session, providing for the removal of the Mayor, Cham- berlain, Corporation Counsel, Corporation Attorney and T. C. Fields from the Park Commission will’ be amended to include the official capitation of the President of the Board of Works, and put on its passage early in the coming week, A bill was introduced in the House providing for the repeal of the law giving Sheriffs the sole right to act as real estate auctioneers. This will be distressing news to the Sheriffs, but the public will scarcely condole with them, An earnest attempt will be made. to check the arrogance of railroad corporations and compel them to recognize the rights of the travelling public. “Mr. Niles has a bill which seeks to compel the Harlem Railroad to issue commutation tickets, and be otherwise obliging, as it is bound to do by the terms of its charter. Mr. Niles will have to ‘see. Wile liam.” But the most important measure of the day was introduced by Mr. Tobey. It provides that actions against corporations shall be conducted in such a way that individuals bringing them will have a fairer chance of obtaining speedy justice than is now afforded them. This will be a much needed reform. As the law now stands individuals without means have no rights that corpora. tions are bound to respect. The Herald and Its Circulation. New York, Jan. 2, 1872, To THE EDITOR OF THE HERALD:— DEAR StR—I trust there 1s nothing wrong with your printing press, Certainly my experience this morning would indicate this conclusion—as I visited at least one dozen news stands in the lower portion of the city to buy this morning’s HERALD, and | was in- tormed that they were sold out and’none to be had atthe office. 1 have tried in vainto find one, or rather purchase one, so that I can enjoy it this even- May Cried clay as wen col or Tribune but even then I conid not be comforted, asI enjoy reaaing the HERALD as mucn as ld@ eating a good dinner, ana I must have one to-day, if 1am obliged to borrow it, Please try and issue enough to meet the demand. I have no doubt you have a hundred such complaints to. , f not more. Yours, £0., ATEN YEARS’ READER, The above is only one of the numerous com> munications of a like character that we are daily receiving. We can best reply to it ae follows :—Less than a month since, by reason. of our inability to get the edition of the Heraxp. printed off in time to meet the wants of its. purchasers, we were compelled to run another eight-cylinder Hoe press, This for a time di@ away with the trouble, but it was not enough, the issue was still late by reason of the num- ber required, and now we have been. compelled to start our reserve ten-cylinder in order to have the large number needed ready fn time to meet the wants of the Hzraxp’s cus- ‘tomers. Last night, if the pressroom of the Heracp had been visited, three eight-oylinder and two ten-cylinder Hoe presses and two Bullock presses would have been seen in operation, and with all these they are no more than are needed in order to keep pace with the pregent circulation of the Hzratp, What we shall be compelled to do, if its increase continues as of late, will be to enlarge our facilities. If seven presses will not do tha work it may be that ten will, and the experi- ment will have to be tried. It will not do to be a minute late. The HERAtp readers must have thelr paper in time, No complaint will be allowed. We will not be behindhand if possible to prevent it. This our readers and subscribers may rest assured of, and we hope, in future, that communications such as the above will not be needed, and that the news dealers will see that their supply of the HERALD is equal to the large and increasing demand. Toe ManuatraN Braves of the new Democratic General Committee have carried the day against the surly Sachems. The Heraup of yesterday pointed out the fact that their right to assemble there was undoubted, and Judge Barnard’s mandamus simply gave force to the opinion, The big “Injun” over the Wigwam must have smiled, or even winked, when he saw his braves march- ing peacefully to their places around the © council fires, Good business was done in the way of settling the delegation question quietly and preparing for the tough work before the democracy here and elsewhere. The five hundred policemen prevented some scalping, COLORADO. Memorial to Congress for an Eanbling Act for a Stato Organization. DENVsR, Jan. 11, 1872, Both branches of the Legislature to-day adopted 4 joint memorial to Congress, asking for an enabling act for a State organization, by an almost unani- mous vote. It recites the great natural resources of Colorado, material growth and excellent financial condition. The taxable property of the State in 1869 was $13,000, 000; im 1870, $17,000,000: 1m 1871, $74,000,000. It has five railways, with over four hundred miles E i to be dint 4n operation and 300 more in pro; ce this year, ‘The freight received enarene to 169,000,000 pounds, and the bustaess of Denver to 514,00 fhe ‘population increased in 1870 fully $14,000,000, one hundred per cent pre-emption and he ged 9 awe ty per ce Tl tt memorial will Washington, ‘of land, maint: sna, in a year and anni, half @ million acres, It predicts be forwarded Immediately to qcestarentecerenenninrer ate RAILWAY SLAUGHTER. dreadfully mutilated body has been found on feet Camden and Amboy branch of the Pennsylvania Central Railroad, near Windsor, The person is sup- posed to have fallen from # night freight train, but ‘ins are so disfigured as to prevent the pos- ounty ot identification. They are evidently those of a young map. Letters were found on him from Bridgeton, directed to Roger Ogburn, Reform ‘School, Jautesburg. pe RAILROAD ACCIDENT IN NOVA SOOTIA. Haivax, N. 8., Jaa. 11, 187%. ‘An accident occurred on the Windsor Railway this forenoon. The train left the track and all the passenger cars were upset, All the passengers ‘were more or less injured, one probably fataliy. The accident was canaed bv @ bed roadway.