The New York Herald Newspaper, January 31, 1872, Page 6

6 NEW YURK HERALD, WEDNESDAY, JANUARY 31, 1872—TRIPLE SHEET, (Siena tae a lg NS EIR a ARR i men Ay 0 a A i 2 Ta RRR SS Tenn nnn nn een een cnr naa eaten amemmmaenasiie WwW YORK HER. D Tne Savings Banks—The Cause of the | mismanagement of institutions like the Mar- | President Thiers on the Critical Situation esachinn AL Panic and the Remedy. ket and the Bowling Green savings banks, | of Things in France=A Startling Cou ‘These are not pleasant signs in our financial | We believe that the spirit of anxiety would | fession, boxe skies. For the last three or four years—since | have exhausted itself but for the shame-| From the views of President Thiers on the JAMES GORDON BENNETT, the war, at all events—we have had threaten- | ful and criminal mismanagement shown in | present critical situation of France, as given PROPRIETOR ing tokens. There was a general upheaval of | these cases. ‘This leads us to the convic- | in a special HERALD despatch to our readers all business interests on account of the war— | tion that something is radically wrong in the | this morning, they will perceive that in our the necessity of raising enormous sums of | whole system. When savings banks can be | recent treatment of this important subject we — money, of paying unusual rates of interest, of | swindled without any check upon them, when | have not overdrawn the picture in its gloomy AMUSEMENTS THIS AFTERNOON AND EVENING. suspending specie payments—of having a cur- | a crowd of depositors can suddenly wake up | and fearful surroundings. President Thiers, HIBLO'S GARDEN, Broadway, vetweon Prince and rency at one rate to-day and another to-mor- | and find that a dishonest secretary has walked | in his confession of the stubborn facts with d row, With this came the fever of specula- | off with the funds, when a panic in the news- | which he has to deal, justifies our gloomiest onOrEeY, pTHEATRE, , Bowery—Tanovant BY Day- Se ease rents 2 the con- | papers can assemble crowds of men, women | impressions and apprehensions. He says, in 4 —— seqnens a of those sound business ax- |} and children in the highways through the | discussing with tl italist the pro- we Noe LL EATRE, Twenty-eighth street and Broad: | ioms which have governed the money markets | watches of a long, cold, pinblaa winter night— | ject of . yh fo ee OLYMPIC THEATRE, Broadway.—Tue Baier Pan | 0! the world. Nature und science seemed to | there must be a radical unsoundness. | diate deliverance of France from the German Tommie oy HumPry Dowpry, Matinee at 2. have added to this unnatural condition of affairs. | We gee no remedy for it but in a national | armed occupation by the prompt payment pAINEE’S OPERA BOUFFE, No. 7% Broadway.—Lns ae pot A ea i ae Wee jean savings bank system. Depositors must be | of the whole German indemnity, that he 3 ries and of petroleum in Pennsylvania and | secured against the contingency of failure, | would like nd thi if France jaeore as THEATRE, ‘Twenty-third st., corner Sixth av.— | Virginia only intensified the fever. Every just as we secure the depositors in national | had a pavese sin hog a, public ETB AVENUE THEATIE, Twenty-fourth siroot, — one seemed wild for immediate gain, The | banks, We cannot expect a deposit of bonds | opinion in the country; but that, as things are, RAMA OF DIVOKOE. war over, we were confronted with new and | in the Treasury for that purpose, as such an | ag goon as the country is relieved of the Ger- expedient would render the business impos- | man army the ‘‘demagogues and the Bonapart- GRAND OPERA HOUSE, corner of 8th av. anda st | embarrassing problems of political economy. sible. But the poor man’s deposits should be | ists” will come forth, bringing with them all protected by the government and turned into | the calamities of a relentless party strife, Evworzan HirrovueatRioaL Comrany. Matinee at 2. Our great debt pressed upon our commerce Woop's MUSEUM, s Brcnaway, corner d6th st. —Performe and our industry, like the voleano which, beeen we are told in the classic fable, rested upon the | the Treasury. Every Post Office might be. K's Ti , ° - | which will be worse to France than the Ger- Joun Gania, TTVATRS, Brosiway ant iaih atrect— | giant Enceladus. The masters of our Treas- | come a savings bank, just as it now is @| man occupation. Nevertheless, in » few days, STAD? THEATRE, Now. 45 and 47 Bowery.—Orena or | UY dealt with financial problems inan em- | medium of money exchange, and money | though it is with regret, Presideat Thiers WAR EOR pirical fashion. Statesmanship was supplanted | deposited in New York might be available all | proposes to yield to the general desire, E tts, Fhe CONMAS BROOKLYN THEATRE.— | by quackery. We had @ tariff which wasa | over the country. This would be an advan- although he considers the presence of the FUNATER GUMIOUR BI Bereich cours vocse, | Dee Eee smuggling and internal reve- | tage to the Treasury, an assurance of safety | Germans at this crisis a guarantee for peace 16u6, NEGKO ACIB, &0.—NEW YORK IN 1é71. Matinee, 2% | Due laws which were simply an encourage- | to the people, and an encouragement to thrift | and order. UNION SQUARE THEATRE, Fourteenth st, and Broaa. | Ment todishonesty. Then came Black Friday | and industry. Let Congress put an end to| ‘This isa lamentable and startling confes- way-—Nrcuo Acts—BoaiEsave, Daun, do. Matinee, | and its audacious conspiracy against the credit | this period of distrust by taking the whole | gion, It betrays a network of difficulties and pQUIRTY-FOURTH STREET THEATRE, near Third ave. | Of the republic. After this we had the | question in hand and giving us wholesome | dangers truly fearful to contemplate, and a eget i i = Chicago firo and the appalling waste of | and practical law. state of humiliation, suspense, doubt and Nicks ECCeN erN eS Be OU E., No. 201 Bowery. — | property which shattered the credit of many | While this will give security to the people | alarm worse than that of Sedan; for the Ger- of the largest insurance compantes in England | and stimulate habits of thrift and industry so , BRYANT’s NEW OPERA 8 i v man legions now upon the soil of France are, andithavs -BAvAnwe Mancrases’ 2! St between 6d | and America, With this came the explosion | necessary to the happiness of our poorer | it ig confesged, necessary to the preservation SAN FRANCISCO MINSTREI, HALL, 685 Broadway.— of Tammany, the cessation of all pay- | classes, there are political considerations in- | of peace and order. Yet such is the popular TUE SAN Faaxorico MineTnELs. ments of money by the city, the shrink- |} volved, We are among those who consider | pressure for the removal of the Germans on CRGEINWAY HALL, Fourveenth street—Gnanp Con. ing of our municipal credit and the with- | that a national debt has many of the elements | the terms proposed that the courageous Thiers of a national blessing. It makes a conserva- | intends to venture upon the dangerous exper- tive class. If there had been a thousand | iment. And why not? In addition to the sac- millions of bonds held in the North and South | yigce of the cities, fortresses and territory of we should have bad no civil war. Amanis| Ajsace and Lorraine France bound her- drawal from business of the current money OR ANILION, No. 688 Broadway.—Tz Vizwna Lavy On- | expenditures of a city as large as New York. not apt to rebel against a treasury that holds | soi in her treaty of peace to pay to his money and cashes his coupons. An influ-| Germany a cash indemnity of four NEW YORK CIRCUS, Fourieenn syge—tonnns a Then came the exposure of the financial rings ence like this would be the effect of a national | thousand five hundred millions of francs, one THE RING, Acvonars, &c. Matinee at in the South—the atrophy of State credits like NEW YORK MUSEUM OF ANATOMY, 618 Broadway— those of Georgia, South Carolina and Loui- savings bank. Let every poor man who | thousand five hundred millions the first year, deposits his earnings with a postmaster feel'| 9 thousand millions annually thereafter to (OB AND ART, siana. With this we had the failure of rail- that the gover nment is his debtor or his agent 1874, when, with the last payment of principal We lately called the attention of the United States Senate to the fact that certain char- tered corporations were and are buying up the anthracite coal lands of Pennsylvania and stealthily acquiring a monopoly of the coal traffic. There is no subject more fraught with danger to the public welfare than the steady increase of railroad monopolies. We do not now mean the great combinations which con- nect under one management the heretofore separate railroads over, the great routes of travel.’ In respect to these we wait for far- ther developments. We mean the absorption of lines of business into what were intended only as lines of travel. If these railroad com- panies can buy up and work or not, as they please—all the coal and other mineral lands bordering upon or easily reached by their roads, why not all the wheat and corn lands ? Where is this monopoly encroachment to stop? Not only do the railroad companies buy coal lands to obtain the control of transportation for their roads, but a canal company—the Delaware and Hudson—buy a railroad—the Rensselaer and Saratoga—under the pretencs of securing an outlet for their coal trade. Under this pretext of the necessities or in- terest of the coal trade, an inroad is made upon the public highways of the country which would not be submitted to for one moment were the eyes of the people opened to its real meaning. Who would advocate re- linquishing the control and use of the ‘‘com- mon roads” to sets of private individuals or to corporations to be used and managed by them as their interest or caprice might dic~ tate? Yet the public look on with seeming indifference while the owners of railroads, which have become of ten times the importance of ‘common roads,” regulate the movements of travellers and the transportation of freight, without re- gard to anything but the selfish policy of cor- porations, The President of one of these anacondas, which had just swallowed a mil- lion dollara’ worth of coal land, when asked if he thought. the public would permit his com- pany to monopolize the coal traffic, replied :— “Oh! we shall give the public coal so cheap that it will never trouble itself about the monopoly question.” This is all very well to most distrusts and fears the imperialists, Doubtless his model of a government is that of Louis Philippe—doubtless he would prefer a compromise upon this branch of the family between the elder and the younger Bourbons. He detests the Commune, he abhors the radi- calisms of Gambetta and his ‘‘demagogues,” he doubts the conservative republicans, he despairs of doing anything for the Orleanists, but he fearsthe ‘“‘reds” and the Bonapartists. Anything forhim but the “reds” or the Bonapartists. His policy appears to be reduced to the single idea of keeping off the “reds” and keeping out the Bonapartes. But will he be equal to this task? He fears that with the removal of the Germans the trouble will begin with the “reds” and the Bonapartists, and he does not know where it will end; but as France desires to be relieved of the Germans, President Thiers, with a little time for consideration, feels constrained to pay them up and send them off. We shall await the experiment with some anxiety. We apprebend that in the last ex- tremity the Executive head of the State Will retire in disgust; that his Assembly, thus rendered useless and powerless, will give way to the army, and that the army will silence the “reds” and recall the Bonapartes. The great producing and trading classes of Paris and France, from the revolutionary terrors and warnings of the Commune, have learned to look beyond Sedan to their prosperity and security under the empire; and the great body of the Catholic peasantry, mourning over the misfortunes of the Pope resulting from his loss of the protection of Napoleon the Third, are ready for another plébiscite. The bewil- derments of the late disastrous war are pass- ing away, and the French peasant, dismissing the Communist, the half-way republican, the Orleanist and the old Bourbon, is thinking over the souvenirs and the glories of the em- pire. As for the tradespeople of Paris, would they not prefer a month of the brilliant reign of Eugénie, as empress of the fashions, to a whole year of the profitless provisional government at Versailles? In short, these “‘Bonapartists,” so much dreaded by the ven- erable Thiers, are not by him properly under- stood or estimated. They comprehend, in addition to the army and the clergy, the great BROADWAY AND ANN STREET. — — == 7 roads in the South and West to keep their en- T R I P L E S H E E T | Sagements ; the speculation in bonds upon roads that ran from nowhere to nowhere, and New York, Wednesday, January $1, 1872. | could scarcely pay their working expenses; — = | the sudden disaster to the Erie combination, | in trust for a certain sum, and he is not i body of th th d of th fac- id. perhaps it be the intention of th and interest, the last German soldier within | body of the peasantry and of the manufac- | say, and perhaps it may be the intention of the CONTENTS OF TO-DAY’S HERALD, entailed by the death of Fisk. And now, to | disposed to quarrel with that government, to | the sea boundaries of France, it was | turing and mercantile masters. Upon these | present owners of the railroad; but how will Pace. crown all and bring misfortune and unrest | take up arms against it, or to show it any- ; men, whose memories and traditions do not go beyond the empire, this late edict of Count Chambord, of his ‘‘divine rights” as a king, will fall as dead as would a pronuncia- mento to the Mexicans from the King of Spain. The apprehensions of President Thiers in reference to the dangers of a bloody conflict between the ‘‘demagogues” or the ‘“‘Bonapartists” may, however, be well grounded, though we are more inclined to the opinion that, with the col- lapse of the present temporary French govern- ment, an imperial coup d'état, backed by the army, will effect a comparatively quiet and bloodless restoration. We think so, because the empire has proved itself a guarantee of internal order, security, stability and pros- perity, and because of all needful things these are now most needed by France and her suf- fering people. it be when the road passes into the hands of owners who may not be satisfied with the profits of cheap coal? A despotism is un- doubtedly the most efficient form of govern- ment, and works admirably as long as the despot is all right; but the American people will not be satisfied with either despotism or monopoly on the ground of expediency. Railroads are really “public highways.” The corporations to which these highways are entrusted take the property, land or whatever may come in their way, of private individuals, under the pretence that it is for the public good. The owners who give up this property only relinquish its immediate control to the corporations. The public also has rights in this property, these public highways. Among these rights are equal privileges in their use after they.are prepared for travel, and the regulation of charges for the traffic over them. It was never contemplated by those who re- linquished any part of their rights to railroad companies, or by those who chartered these corporations, giving them great advantages over private individuals, that these rights and advantages should be used to control the pro- duction and price of one of the necessities of life, like coal. The people have an inherent right to travel over these public highways called railroads with their own cars and lo- comotives if they choose; but this right fa held in abeyance because public policy and safety require that the dangerous engines of travel should be under one control. While the people have been compelled for the public goodto give up their property and a part of their right to its free use we find the recipients of this property, not satisfied with the advantages granted them, grasping ata monopoly of an important branch of pro- duction, to which they have no more natural right than they would have to the wheat-grow- ing land traversed by their railroad, Con- gress should without delay exercise its un- doubted right to control’ and regulate the channels of commerce. This whole system of railroad monopoly of public highways should be thoroughly investigated, and a power created to govern it which will protect the rights of both public and railroad companies. 1— Adve SAdveruseneas in the families of the poorest, we have the ashington: saulsbury, Schurz and Nye in ih pvey Amnesty Debate; Noncvartsaa praise pele Lad 7 elon eavioue ares enue Bate aoe Faerie ney the Appro- upon an fostitution reputed to be of high Will; Contested Seats “im the ‘Bouse; credit and large resources, and a general ohed ,, Mobile Collectorship—The Jersey | withdrawal of deposits from these institutions. Lear Case: Opening of the | Trial Th faaatndipationa: 1¢ i Swindle ip Boston: A Commercial vont Ruug they ‘show thatour whole financial system is Away with $40,000; One Hundred Employ’s | diseased. When the blood is tainted the body Left Destitute—Rapid ‘Transit: Mass Meeting in Westchester County; What the People are | becomes unhealthy, and we have ulcers and Going to Do Avout Ii—Miscellaneous Tele- | eruptions and fevers. During the last few grams, 4@—Proceedings in Congress—Imnortant to Com- | years we have, on several occasions, been mercial Travellers—Rev. William Morley Pun- hi f nic mone Lecture en “Mar dower, Memories!— on. the.verge of a panic threatening to @ City of New York—Political i Movements aud Views--an Afternoon Amonw exceed in its destructive sway the panics eee: dnterosting Developments, of the | of 1837 and 1857, The cause of it is ie Mediums—T Homicido—the Nassau ‘street Butchery sik | akin to the causes which produced former ‘rotectionists- zen to Death— ‘the Fair in Scranton—-New York clly Newa- panics, The laws of business are like the laws ane qonteeilio Canal—Fatal Shooting acci- | of health. They cannot be violated with im- Getrctand: | ‘The Urish, Press on, the New Yorr punity. The tendency of our people to over- Li Stone Expedition; Scarcity of i Coat in Dublin; Forgery on the Bank of "ire. trading, giving credit, taking improper Macca qand "alae." fk Grand Onera, Written in | tures, speculating upon the rise and tall of of Egypt—The Fourth ‘i Judicial ‘Disirict: ‘The Contested ‘Judgeship; | 8014, bas been fraught with danger. We have sion Of the Court of Appeals in Favor o i ipi Judge Potter—Kentucky stud Faim—State Vag viol eee elas lhe tee 3 igen ate Bisction ot United States Sena- | So when a great disaster comes we are not in a d Jarolina—The Temperance Cause: iti ii Monster Meeting at Steinway Watt bast Night | Position to meetit, and the instinct of safety ako R, Grant's ONice—A Jersey | compels moneyed men to close their safes, call G—Editoriaws: Leading Article, pathe Savings | in loans, advance the rate of interest and pre- Bemeay— ausement Antougeemoats the | pare for storms, As a consequence our business l=) "i (Continued from sixth Page)— i France: President Thiers’ Opinion of therian lnoks|stability and bes ae aoe Iss ia a eens avacnaiian He Desires Nauonal | peculiar restlessness felt in all circles in re- 10n, reads the Kesuits; Dema- jogues, Bonapartists and Party Strife Worse gard to savings banks. ie Conqueror—The Geneva Convention: it Anmpression that the Arbitration will Prove a Mees omeed ® beak Wi Salone ee Failure—Spain: Tumult in Madrid and Riotous | posits, to all appearances abundantly able to Demonstrations in Barcelona: " t dden! Sngiand, Corsica and Cuba—The meet every engagement, suddenly run upon. lexis—The Japanese Embassy. 2 ous Telegrams—The Williamsburg Tragedy: Me wrame reenter SXSGRC Ae ete ene Lear peace of abe {Coroner's Inquest; | Mra, misfortune like this; for any event that leld to Await the Action of the Grand h i go—tusineas Novices, Meas sige an a of the community in ; egister for the i Year 1572; List of Vacancies in the Army and patito Sei Das) ae eae ty, rospective Promotions; Names of All Ofticers 8 are, main dheett on Taare: Gnauise, omneers Retired; aie oe ee yh Full Register of Sear oaicers Above the Sane | PO, ee _ women. They are igao- of Captain, and of Field Othcers and Captains f i of Cavalry, Artillery and atry—atmaat | Taue © he ty mary oe nb renee n Meeting | of ine American, f phical Bo. doubt is to disbelieve. Their whole earnings jety—Uity Complexities—Rossa’s Kights—Tn i Kil ar Contest—The Upion Pcie Rae are peueeny in one bank, and when their road — Brooklyn — Afairs — Alleged Bogus ii i . i NE AiMmin Ghee Anivenee rs faith is shaken in that, little remains, It is a S—Arican Diunonds: American i rom the | blow at the whole savings system. The Namoud Fields of Soutn Afric: 0 Rest for i the Wicked: The Troubles of I is, we Mur possession of money invites temptation and derer, Not Even Ended in the Grave—Jdudg- | dissipation, We have the hiding of money Bediord’s Grand Jurv—A Victimized Savinge + Bank Deposttor—The Will of the Late Isnas in drawers and stockings, where it ich, of Boston—Financiai and Commerciac i Reports—Domestic, Havana and Europeant bears no interest. Worse than all, per- Markets—Marriages and Deaths. haps, the poor, frightened depositors fall a Governor Hofman Signs the bh The habits of thrift, yal ah A Message tom the Ex: prey to sharpers. e@ habits of thrift, so ecutive in Explanation; ‘The Fight for the Ene igWW hat, Shall Be, Done with the sav. cuits ay 8 es alia Pics re gehans visors Bill: | public comfort is sensibly diminished. Peri tigate the Charges Against Mr rwillige ; Another Big comes to those who have mortgages to allroad Job; Argument on the Druggist Ww rmacy Bill; The Insurance Depart. | P&Y: Very few. of our es cone ae ution; Proposition can raise money on a mortgage, in answer to a lite” from the Muitary Code; Col fa the hight & ored Militia—Shipping Intelligence—Aaver- | summons that comes in the night. So we tisements, might continue our illustrations and show how agreed, shall be withdrawn. It was further agreed that this evacuation shall progress with the payment of the indemnity. So, in June last, with the payment of one thousand five hundred millions of francs, the German troops were withdrawn from all the departments im- mediately around Paris, And so, if to-day all the balances of the indemnity were paid, the complete evacuation of France by the Ger- mans would immediately begin. M. Roths- child and his associates, on a six per cent loan, propose at once to ralse this money, the loan to be specially sesured by a monop- oly of the tobacco tax. Now, as President Thiers suggests, if France had a stable government or a settled public opinion, the advantages of this scheme of the Rothschilds would invite an immediate closing of the bargain. We are not informed as to the number of the German troops now in the eastern departments of France still occupied by them; but, putting them at the low figure of fifty thousand, they make a con- siderable additional item in the contingent ex- penses of France; for, while they are on her soil, she has to subsist and to supply these troops with their needful transportation. But worst of all is the intolerable torture which the presence of these German soldiers inflicts upon the patriotic Frenchman. They are painfully offensive to him as the masters and overseers of his country; and of all things, and at any cost, he wants them removed. He would rather fight them than feed them; he would rather pay them to leave than be paid for their entertainment. Have they not taken from France her prestige of ‘‘gloire” and “victoire?” Have they not ravaged and despoiled her and trampled upon her in the dust? And is not this enough to bind the patriotic Frenchman to the oath of Hannibal? Unfortunately, however, as it appears, there is no security for peace among these patriotic Frenchmen themselves with the removal of the Germans, But for the presence and the active moral support of the German armies overlooking Montmartre the government of President Thiers, in all probability, would have been overthrown and superseded by the Paris Commune. We think there can be very little doubt upon that point. Prince Bismarck wanted his money, and he assisted M. Thiers in the ways and means required to enable him to raise it, Besides, it was the true policy of Bismarck to assist in stamping out the Com- mune, Thiers is grateful for this, and 80, under all the perilous conditions of his thing but good citizenship and due respect for the laws. A government whose bonds are held by the rich, and in whose treasury vaults are the deposits of the poor, may count upon the undivided allegiance of both rich and poor. The country will welcome any legislation that looks to this end, and the friends of General Grant's administration could do nothing so well calculated to attach the lowly to its for- tunes as to pass a law that will protect the poor man’s deposit in savings banks just as surely as it protects the holder of the national bank notes. The Geneva Conference—The Position of the English Government, The HeERAtp special cable despatch from London represents that the English nation generally predicts the failure of the Geneva Conference to accomplish a final settlement of the questions in dispute between their own government and that of the United States. Should the Conference arrive at a conclusion unfavorable to the British view, and adjudge the payment of damages for the destruction of property caused by the Anglo-Confederate privateers, it is believed that no Ministry would accept the result and no Parliament would vote the money to pay the award.e Our special cable despatch states, further, that the article in the London Zimes, taking the ground that England should, at the commencement, demur to the consideration of any claim for indirect damages, and in case the Court should reject the demurrer, should withdraw altogether from the case, is not a piece of ad- vice offered to the British government or a suggestion volunteered for its consideration, but is, infact, a semi-oflicial utterance, thrown by tho Cabinet as a “‘feeler,” in order to test the popularity or unpopularity of the position. While it is an old practice of an English Ministry—and one frequently resorted to by Mr. Gladstone—to foreshadow through the medium of a newspaper article some contemplated stroke of policy out of the ordinary routine, in order to ascertain in what spirit it will be accepted by the people, and then to adhere to or abandon the idea as the public response may warrant, we do not share the impression said to prevail among our transatlantic cousins, that their government will either withdraw from the Conference it has invited, on a preliminary question, or refuse to pay up promptly if the judgment of the tribunal should be given against it. In the former The Audit Bill Signed—Relief for the Clerks a and Laborers, Governor Hoffman yesterday approved the bill creating a temporary Board of Audit and Apportionment, but at the same time trans- mitted to the Assembly a message setting forth his objections to the measure in its pres- ent shape, and stating that he had affixed his signature only in view of the extraordinary emergency by which the law is demanded. The points made by the Governor are sound in principle and should be well considered by the Legislature in framing a new charter for the city, or in any amendments that may be made to the present charter. They are, of course, of less conse- quence in a law designed only to meet a press- ing emergency and intended only to havea brief three months’ existence ; and hence the action of the Governor in approving the bill will give general satisfaction. According to the statements made by Comptroller Green at Albany when urging a favorable consideration of his deficiency bill there are many thou- sands of poor families in New York suffering for want of the money withheld from the em- ployés, contractors and laborers in the service of the city government. As the Comptroller is authorized and required to raise eight million five hundred thousand dollars for the purpose of paying the city’s debts there will be ample to satisfy all just claims, that officer having estimated the immediately pressing necessities at only four and a half millions, The em- ployés of the several city departments and of the Courts, and the laborers and others who Arrairs IN Spaix.—To judge from the recent protestations of the Spanish politicians who crowd about the throne of the young King of Spain, a person might reasonably imagine that that peace so long deferred in the Peninsula was about to be realized. Late events, however, indicate a different prospect. _" ; Rights of Marriea Wor w § i ¥ . " atm i “sions of Court of Appeats; a | this spirit of distrust and anxiety must gradu- | case @ controversy most damaging and dan- position, he regards the Germans still upon | .., gependent upon the contractors for thoir | The dissensions of parties have found parallels Rea Core Meineeoae i: nme) | ally permeate all branches of business, and lead | gerous to England would be left open to fur- the soil of France rather as his allies than his | 1405 may therefore reckon upon a speedy | in disturbances among the people. Barcelona, ruptcy; A Correction in the Justh Divorce | ¢> the most disastrous results, The whole sav- | nish an awkward precedent in the event of enemies on the question of law and order. release from their embarrassments. The new | according to the cable, was, on Monday last, ult; The Case of Ex-Comptroller Connolly; The Gane ‘gene prot ea sah oot ings banks interest of New York—and it is of xs Courts—Fire in Fourteenth street, enormous magnitude—is tremblipg, and little ee Would be needed to overthrow it altogether and produce a ruin to our business classes almost as great as the ruin produced by the Chicago fire; for, as our readers will re- member, these savings banks are founded The present French Assembly, it must be remembered, was elected while the wounds of France from Strasbourg, Metz, Sedan and Paris were still open and freely bleeding, and while the blunders of Napoleon and the moun- tebank follies of Gambetta were most con- spicuoug before the Kyepch people. Hence an Assembly mostly made up of Bourbons and ‘conservative republicans, But the reign of terror of the Paris Commune which was next interposed changed the general current of public opinion throughout France, and the sympathies and the hopes of men of capital, of business, peace and order, began to return to the empire and the Bonapartes. And this reaction has been and is gathering strength day by day, while this Assembly, chosen under a state of things which has ceased to exist, this Long Parliament, with all this pro- visional government, including President Thiers, still holds on, Provisional President and Assembly have continued beyond their time, They no longer represent France, except in the person of M. Thiers, or the pressing emergencies of order against bloody disorder and confusion, We dare say that an imperial coup d'état would be as decisive now in settling the form of the French government as it was in 1851, and yet M. Thiers thinks that if the Bona- partists and the radical demagogues aro given the opportunity “‘they will bring upon France all the calamities of a relentless party strife, which will be worse than the German occupa- tion.” From this we infer that of all the po- litical parties in France the Orleanjst Thiers certain not improbable complications in which Great Britain may be involved. In the latter case, should England fail to settle promptly any bill of damages that the Conference might award against her, our government would simply exercise the right of a judgment creditor and pay itself out of such property upon a simple system. The people de-| of the debtor as may be found nearest posit money insmallsums. The officer's invest ; at hand and most cofvenient for seizure. it so as to make a good interest-and secure the | There is another and, we believe, a more a principal. Many of these investments are inthe | correct interpretation of the present British Tax Japanese Emuassy at Sart Laxe | form of mortgages upon private property | bluster. In English sporting circles there is will be singular incident in the history of | and in government and State bonds, | a process familiarly known as ‘hedging.” the hierarchy of Brigham Young. According | Enough ready movey is kept in band | When an English “bookmaker” has made a to our despatch from San Francisco, Governor | to answer the ordinary demands of busi- | bad investment on a horse and finds the Ito and his friends and followers intend to | ness. When the demands become extra- | chances going against him he “hedges,” make the most of their journey from the | ordinary of course the directors must either | sometimes by betting odds on the other side, Pacific to the Atlantic, and visit all the prin- | suspend payments or turn their securities into | and sometimes by bribing the ‘‘touts” to bring olpal places, and ascertain all that can be | cash, The process of converting bonds and | the sporting journals to his rescue, The learned by the way for the benefit of their | mortgages into money is always tedious and} English Ministers, familiar with the tricks of country. But it will be a singular moment | expensive. The fact that money is urgent re- [ the turf, are now engaged in putting these Indeed when, shaking them by the band, } duces the value of the securities in the market, |-tactics into operation with regard to the the great Mormon chief informs the | Very often holders of mortgages cannot raise | Alabama claims, They anticipate an adverse Japanese of all the misery he has endured in | the amount and there must be euits of fore- | judgment and naturally desire ‘to make the order to perpetuate a relic of barbarism abol- | closure, By the time money is realized, espe- | damages as light as possible. They will not ished long ago in their own semi-civilized land; | cially under the pressure of a clamorous and | withdraw from the Geneva Conference, be- and how, after he bad offered rewards for the | doubting public opinion, the securities have | cause it is the interest of the nation to close apprehension of murderers whom, it has been | fallen in value, the bank is impaired and faith | up the controversy, They will pay like alleged, be well knew were beyond the reach | is ehaken in its solvency. honest men, should judgment be given against . of any but himself, the United States govern- It is our duty to search out the causes of | them, because they would find repudiation a ( ment was cruel enough to cause bis arrest. | this distrust. We cannot cure it by public | fatal experiment, They are now simply en- ft The grave attitude of the foreigners may be | proclamation or soothing assurances from the | deavoring to “hedge ;” but, should the issue easily imagined, and Ito, having bowels of | newspapers. We can understand how these | resolve itself into one between bank notes and compassion, may reply, “Mr. Young, why | “runs may be inspired by a spirit of wanton- | bullets, their commercial instincts will pru- don’t you give it up and travel—as we do—for | ness and mischief. But the flagrant cause is | dently dictate to them which horn of the the country’s good?” fownd in the frauds and crimes shown in tbe | dilemma to seleci, the scene of a riot, The people became re- bellious on account of the excessive Octroi duties imposed upon them, and resisted their payment, This led to a conflict with the police. Fortunately no lives were lost. Of itself this outbreak counts but little, but, taken in connection with the recent Cabinet troubles, the changes of Ministry, the violent scenes in the Cortes, the angry manifestations of hostile political parties and the secret workings of the International, it shows the unsettled state of Spain, and how disposed all parties alike are to contribute to the dissen- sions which operate against the existence of the present government. Board will, of course, meet without a day’s loss of time, and will pay all salaries and wages as speedily as the money authorized by the bill can be raised. Other claims, for con- tracts, supplies, &c., will be required to lie on the table for five days after presentation to the Board, in order to afford time for any objections or remonstrances that may be offered, after which they will be at once adjudicated and paid. The meetings and all proceedings of the Board are to be had in public, so that the people will have the privi- lege of knowing exactly what is done with their money. Whatever objections there may be to the new law, it is at least gratifying to know that the Comptroller now has the power to pay all the city’s honest debts and to relieve the suffering he so graphically depicted at Albany. Tue City Crepit.—The Comptroller offered about a million and a half dollars of a new city loan yesterday, and, though the bonds and stocks have long periods to run and bear interest at six per cent per annum, the sub- scriptions amounted to less than four hundred thousand dollars. Thus the “Ring” serpent Tar Vauipity or Tows Bonns, issued in ald of railroad mG just been de- cided in the United States Court in the State of Illinois, where suit was brought against the town of Bloomington by holders of its bonds, The opinion is given at length in the money column. Tar Norra Caronina SENATORSHIY, to represent the interests of the State in Wash- ingtov, has been conferred upon General Matthew W. Ransom. It was understood when Zebulon B. Vance tendered his resigna- tion, on the 20th of the present month, on the ground that it deprived him of the opportu- nity of faithfully serving his native State, that Governor Caldwell would not commission a Senator elected by a conservative Legislature at any other time than was specified in the yet leaves the trail of demoralization on our | got of Congress. Ransom is a thorough luckless city. A year ago the bids for these | sonihern democrat, and if the Governor bonds would have been for many times the | wished to ventilate a little spleen the General amount offered for gale, The prices offered | i, just the man to set upas a target. Since were par to pat and a premium of 64-100 per | the question has been mooted and the candi- cent, y date named, howover, the Govervor has A New “Move” ron May Day—The meet- nanonrg a - ag ae aloe vention at | intimated that, after the “fox and grapes noted oe eae bai fashion, he bad no quthority to appoint a suo~