The New York Herald Newspaper, November 3, 1873, Page 6

6 {NEW YORK HERALD BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR fVolume XXXVIII. ++/Wo. 307 = AMUSEMENTS THIS EVENING. WALLACK’S THEATRE, Broadway and Thirteenth Street.—Sux Sroors 10 Conausk. UNION SQUARE THEATRE, Union square, near Broadway.—Tux Gxxxva Cross. WooD’s MUSEUM, Broadway. corner Thirtieth st— Goren Ix, Afternood and evening. ROOTH’S THEATRE, Sixth av. and Twenty-third st.— Bauuer. i METROPOLITAN THEATRE, 585 Broadway.—Vaninry Enrakrainaent. BOWERY THEATRE, Bowery.—Tux Grruan Dowa- rion—Daniet Boons. MRS, F. B. CONWAY'S BROOKLYN THEATRE.— Jostrex. PARK THEATRE, Brooklyn, opposite City Hall— Victias—SOLON SulncLe. THEATRE COMIQUE, No. 54 Broadway.—Vagierr ENTERTAINMENT. OLYMPIC THEATRE, Broadway, between Houston Bleecker sts.—Kir Vax Winkie. BROADWAY THEATRE, 728 and 780 Broadway.— ‘Unpxr tue Gasiicut. GRAND OPERA HOUSE, Eighth ay. and Twenty-third st.—Rounp tux Coc! NIBLO’S GARDEN, Broadway, between Prince and Houston sta—Tue Brack CRook. ACADEMY OF MUSIO, 14th street and Irving place, — Trauian Orena—Eanani. TONY PASTOR'S OPERA HOUSE, No. 201 Bowery.— Vaniery Exreutainmest. BRYANT'S OPERA HO ‘Twenty-third st., corner Sixth av.—Nxcro Minstke C. P. T. BARNUM’S WORLD'S FATR, 27th street and 4th avenue. Afternoon and evening. AMERICAN INSTITUT and 6ith sts. Afternoon FAIR, 84 av., between 634 \d evening. STEINWAY HALL, Mth st.—Lecrune—“Taeu Brown Bors or Brown7z0ws.” COOPER INSTITUTE.—Lavoutnc Gas ‘ann Magrcan ENTERTAINMENT. NEW_YORK MUSEUM OF ANATOMY, No. 618 Broad- way.—Sciexck amp Ant. EET. New York, Monday, November 3, 1873. ed — THE NEWS OF YESTERDAY. To-Day’s Contents of the Herald. “BUCHUISM AND C-ESARISM! .DESPOTISM AND QUACKERY! WHAT REMAINS BUT FIRE?” LEADING ARTICLE—SixrH PaGe. MONARCHY IN FRANCE DEFERRED TO A MORE CONVENIENT SEASON! MacMAHON’S TEN- URE OF POWER! THE ORLEANS PRINCES WILL NOT OPPOSE EACH OTHER—SEVENTH PaGE., BPANISH INSURGENTS MUTINOUS AND DEMOR- ALIZED! CONVICT FEARS OF TREACH- £RY! THE GERMAN SQUADRON HEADED FOR CARTAGENA—SEVENTH PaGB. THE VIENNA WORLD’S FAIR CLOSED! THE EMPEROR HONORS ANOTHER AMERICAN EXHIBITOR—SEVENTH PAGE. BOSNIA CONCILIATED BY THE SUBLIME PORTE—THE MOUNT ETNA CANARD— SEVENTH PAGE @MERICAN AND EUROPEAN FINANCES! OvR DIFFICULTIES AND THE PROSPECTS FOR | A RECOVERY OF STRENGTH IN VALUES! EUROPE ON THE BRINK OF A CRASH— EIGHTH PaGE. BATISFACTORY ARRANGEMENT OF THE AF- FAIRS OF THE SPRAGUE FIRM! THE PROVISIONS OF THE DEED—Turrp Page. THE CLAPLIN-SPRAGUE MUDDLE! THE MEANS USED TO GET THEM IN SHIPSHAPE AND THE LESSON OF THEIR TROUBLES! CO- OPERATION! THE BALANCE OF TRADE— THIRD PaGR.* EFFECTS OF THE PANIC UPON THE REAL ESTATE MARKET! THE QUESTIONS OF VALUES AND OF METROPOLITAN BUILD- ING IMPROVEMENTS! THE TRADES’ UNIONS—THIRD PaGs. 4 SERIOUS SEASON FOR THE WORKING PEOPLE! EMPLOYMENT SCARCE AND VITALLY NECESSARY—TuIBD PAGE. TOM SCOTT IN HOT WATER—THE TENNESSEE RAILROADS EMBARRASSED—THIRD PaGE. fHE CREAM OF YESTERDAY'S SERMONS! THE RESURRECTION AND REUNION OF ALL SOULS! GOOD, BAD AND INDIFFERENT MEN COMPARED! THE EVILS OF THE AGE—FIFTH PAGE. HAPPY NAST! A PERFECT DELUGE OF HETERO. GENEOUS CONTRIBUTIONS FROM ADMIR- ERS OF REAL GENIUS IN ADVERSITY! A JOYFUL PROSPECT FOR HIS DECLINING YEARS—FOovcRTH Pace. JOHN BRIGHT AT BIRMINGHAM ! ENGLISH LIB- ERAL DEFINITION OF THE WASHINGTON TREATY, THE ASHANTEE WAR, AND BRITISH PULICY! INCOME TAX ABOLI- TION—TENTH Pace. PREPARATIONS OF THE GREAT POLITICAL PARTIES FOR THE ELECTION TO-MOR- ROW! THEIR STRENGTH! THE PLOTTINGS OF THE LEADERS! THE TICKETS TO BE VOTED—FourTH PaGE. THE DEMOCRACY WORKING LIKE BEAVERS TO REGAIN CONTROL OF THE EMPIRE STATE! REPUBLICAN LACK OF COHESIVENESS! THE WORKINGMEN’S DANGER—Fourtu Pace. OFFICERS TQ BE VOTED FOR TO-MORROW BY THE PEOPLE OF THE VARIOUS STATES IN WHICH ELECTIONS WILL BE HELD! THE FORECAST PROM PREVIOUS KE- SULTS—INDIANS IN TOWN—Fovurra Pace. POLITICS IN THE CITY OF CHURCHES—THE STATE OF NEW JERSEY VS. MONOPOLIES— SUNSET COX NOT A KNOW NOTHING— FourtH Paar. AMERICAN SHIPBUILDING AGAIN REVIVING AT THE OLD-TIME CENTRES! ALL CLASSES OF VESSELS ON THE STOCKS—NEW MUSIC—NintH Pacs. A Uservt Poor.—It is said that a pool bas been formed among capitalists to save the house of Claflin & Co,, five millions of dollars having been raised for this purpose. This is a prac- tical illustration of the spirit of mutual help- fulness recommended by the Heap yester- day. By helping Claflin & Co. the merchants and manufacturers help themselves. This is the only way in which the business of the country can be saved from extreme depres- sion. If a few great houses fail others, of necessity, must follow. The suffering among the poor under such circumstances must be- come intense, for the business of the country will be practically suspended; so that, in fact, in helping each other business men help the whole working population. The pool said to be formed in behalf of Claflin & Co. is only the initiative of what ought to be generally adopted in case of continued distress, As a rule pools are dangerous, but in cases of this kind, where the combinations are to save in- stead of to despoil, they are to be greatly sommenied, NEW YORK HERALD, MONDAY, NOVEMBER 3, 1873--TRIPLE SHEET. Bachulsni and Crosarism—Despotism and Quackery—-What Remains but Fire? In Mr. Carlyle's picturesque and brilliant history of the French Revolution the closing figure is a vision,.in which the author pictures the reign of imposture, the breaking out of the flames, one quack after another tumbling into them—Cagliostro, Louis the King, his beautiful wife, grim De Launay of the Bastile, Robespierre—all perishing, as impos- ture must perish, sooner or later, in a world the God of which is Truth. We have fre- quently recalled this extravagant and emphatic picture of the great writer in thinking of re- cent events in our own land. As we have shown one after another of the representa- tives of this most corrupt and dishonest time slaves of Cwsarism in politics, professors of buchuism in finance and society; as we have portrayed the growth and triumph of these baleful, pernicious influences, we constantly felt that they were all types and growths of the age, rank and poisonous weeds, and that, sooner or later, the destroying fire would come, It is comforting, we know, to find any cause for an event but a true one, when the trne one involves our own condemnation. The journalist is rarely honored who insists upon telling the truth. Some time ago the Henan, after a careful study of the present political and social phenomena, was impelled to say that the issue directly before the American people was none of the sentimental issues which bubbled feebly from the party newspapers—suffrage, protection, farmers’ granges, hours of labor and so on—but an issue graver and more threatening. We showed the government in possession of an administration the moral sense of which was deadened by power and victory. We showed a party which had been the disciplined ally of eorruption since the war. We showed how the war had dislocated and destroyed those venerable, sacred and fixed traditions of the Republic which came to us from the fathers. And, in words which no one has ever seriously challenged, and which cannot be de- nied, we shadowed the existence of a political spirit which menaced the Republic. This is what we meant by the Cmsarism discussion which has spread over America and asserts itself in foreign journals; and, although some of our contemporaries have only seen mockery in our fears, the results of this discussion have been to confirm them. In the same spirit we have striven to show that the causes of the recent panic were deeper than any temporary depression in the money market. We saw the existence of quackery and deceit and false pretence in every phase of business life; and, taking a hint from the career of the most con- spicuous quack we have known, said these men did business as the forlorn quack of Broadway used to sell his buchu—that it was only Buchuism, not honest business. When the panic came, it was the natural, inevitable end. Nor is there any difference between Cwsar- ism and Buchuism. They flower from the same plant. Despotism and quackery are alike. A despot is essentially a quack. There were no greater despots than Charles V., Philip IL and Napoleon. No rulers were more thoroughly quacks. The majesty and splen- dor of Napoleon's genins could not prevent his playing tricks as absurd as any of Cagli- ostro. Under his imperial purple, covered with all the glories of empire and victory, we saw there was not a gentleman. When his life came toa situation where a gentleman would have shown dignity, patience, silence—where he would have remembered what was due to his fame and his rank—he became as quarrel- some as a pedler over his cups. He who had been Emperor at Notre Dame was a whining charlatan at St. Helena, because he had always been a charlatan. Despotism and quackery are of the same growth, and that is why in our own time history only repeats itself, and’ we see Cwsarism in politics and Buchuism in business and society. Where, indeed, have we not seen it? In rail- ways, in the building of new railways, in leg- islation for government improvements, in the management of savings banks, trust companies and insurance, in the handling of public moneys and the discharge of public trusts. We have seen it everywhere. Turn over the leaves in which the Hzraxp has recorded the history of the United States since 1861, and what do we read? There is scarcely a page that is not stained with some story of crime and deceit—dishonesty in public life, dishon- esty in business, in politics, society, religion. “Shoddy,”’ ‘‘greenbacks,” ‘‘petroleum,” ‘‘car- pet-baggers,” “Erie,” ‘‘Cwesarism,’’ ‘“Buchu- ism'’—these are all new words, not one more than ten years old; yet each word is a history in itself—a history of quackery, false pretence and shame. Is it any wonder, then, that the flames broke forth—that the country was swept with ruin, as under the parching midsummer sun the fire suddenly sweeps over the prai- ries? Ys it any wonder, we repeat? The wonder is that the flameg were %o long in coming. It only shows how resolute an strong we are—how much healthy, whole- some, animating life underlies our national system—that we could have fought the fire so long. But we might as well seriously accept it as one of God’s immutable decrees, that in this world at least—whatever may be in the world to come—all falsehood must end in fire. Chicago and Boston burned because we built houses out of wood Our financial sys- tem was wooden also. Chicago and Boston will barn again and “again until their builders build truthfully, with honest, lasting stone. For seventy years we tried to ‘weld slavery and freedom together by constitutional rivets, but in time the contrivance flew asunder and destroyed all who made the effort to nnite it. For ten years honest business life in New York and elsewhere has degenerated into charlatanism— what we call “Buchuism.’’ Bankers began business with no capital but assurance, rail- ways were built over sandy plains and the money given by the government for the purpose stolen and paid in dividends to Christian statesmen like Dawes and Garfield, . Bingham ond Colfax. The credit of the country was taken from one of the oldest and wealthiest houses in the world and given to an insolvent, persistent, meddlesome quack, who desired to found a business abroad, and whose only recommenda- tion was that he attended republican conven- tions and was a toady to the President of tho United States; savings banks were estab- lished simply to rob widows and or- phans; railways had their capital stock dishonestly increased, and the people were oppressed to pay unnatural profits; bonds of no value were issued under the stimulus of & corrupted press and a pampered pulpit, and fraudulent mining shares were sold to English widows and clergymen by a combination which embraced an American legislator, an American plenipotentiary and the financial agent of the American government. All this time legislation was corrupt; justice was foul And when the President of a railway company openly admitted he had dishonestly taken over nine millions of its funds there was not power enough in the law to touch him. To-day, while men are in prison for larceny, he is, in the cant phrase of the time, a king on the street. Surely there must be an end to this—to the mad, rampant spread of Buchu- ism in our financial life. And how could it end but in bankruptcy, ruin and fire ? Whatever the suffering that came with the panic America will have a nobler, purer life; business will run in sweeter and more whole- some channels because of this calamity, and as Buchuism has gone down into the fires so will Cesarism. The time may not be ripe, but it will come. Just as the sign blazed forth to Belshazzar in his hour of feasting and pomp, and told him that he had been weighed in the balance and found wanting, so it is written for the republican party—for this ad- ministration—that they are found wanting. We are not deceived by the attributes of power, the splendor of authority, the confidence of the leaders of republicanism. Grant is to the outward seeming no more powerful to-day, no more fixed and securé, than” was Bel- shazzar, the mighty king, when he sat down to his feast. We may well believe that the courtiers around that luxurious table—admin- istration editors, Congressmen and Senators— shouted the monarch’s attributes and said, “O, King, live forever!” But even in their cups, and while the air was burdened with royal incense, the warning came. We say we are not deceived by the seeming invulner- ability of the republican party. Nor do we underrate its power. Czsarism will not fall like Buchuism. An administration more powerful than any monarch and as irrespon- sible, a Congress that does little more than register the decrees of lobby and Cabinet, be- hind them a party which has a dominion greater than that held by any party since the govern- ment was founded, and which is commanded by men of ability and resources—money, office, political discipline, party prestige, and among the people a sad indifference to public affairs—we know well the magnitude of the task to any one who means to oppose and overthrow the republican organization. We see no hope of reforming it, for we do not see any living elements of reform. And in that conviction we believe it should pass away. If reform comes we shall welcome it; for this: party did many noble deeds in its days of freshness and truth. We must always remem- ber it as the party which established freedom and sayed the Union. But, alas for the evil days! the party which compelled Lincoln to proclaim emancipation, which defeated the beloved McClellan because his success would have been an encouragement to treason, is afraid to say to Grant that it would consider his nomination for a third term a violation of the constitution. The party which began as the champion of liberty is now the abject fol- lower of Cvesarism. What remains but that it should die? The November Elections. State elections will be held to-morrow in New York, New Jersey, Massachusetts, Mary- land, Virginia, and half a dozen other States, a schedule of which will be found in another part of this paper. According to the results of the elections in these States of 1872 they are, witha few exceptions, too strongly re- publican to be shaken; but as this is one of those odd or off years, in which our State elections, limited to local officers, fail to bring out a full popular vote, and as upon a de- ficient vote to the extent of twenty, fifteen or ten per cent, the republicans lose and the de- mocrats gain more or less in the substantial results, the republican majorities of last year cannot be relied upon in any estimates of the probable results, even in New York, to-morrow. The popular vote of New York last year on the Governor was:— For Dix, republican... For Kernan, democrat . 447,301 192,350 Total vote... 840,151 Dix’s majority. » 55,451 Can this majority be overcome by the dem- ocrats to-morrow on their State ticket? Per- haps not; but according to the results, on a short vote, of the late Ohio election for Gov- ernor, New York on the State ticket may be considezed doubtful. We judge, too, from past experience, and from the late registra- tion in this city—short of that of last year twenty-five thousand, and short in Brooklyn some ten thousand—that the populag-yote of the State to-morrow will be rewarkably light. Mark the difference in the State vote of 1868 (a Presidential and Congressional year) and J | 1869, corresponding to the present year of purely tecal elections: — Popular vote of Néw Yor TH. .: Popular vote oi New Yors, 1809. Voters not voting, 1860....... It is probable, from the prevailing public indifference in regard to these local elections, as disclosed in the diminished vote in all the elections of this year so far, that the aggregate vote cast in this State to-morrow will be short ot that of last year at least one hundred and fifty thousand. We can, therefore, make no estimates of the probable results. The same view of the subject will apply to most of the others of these November State elections, except the State of Virginia, where the rule, strangely enough, is reversed. For example, the conservatives, or opposition ele- ments, last year, as between Grant and Gree- ley, permitted the State to go by default ; but this year the conservatives have been working actively to bring out their full strength ,on their candidate for Governor, and the prevaik ing impression, in and out of the State, is that they will elect him by a handsome ma- jority. The State vote of 1869 for Governor, compared with that for President in 1872, will show the basis for this opinion :— As For Walker, cons.119,5 For Wells, rep... .10 | Cons. majority... ‘Total vote of 1860. ‘Toval vote of 1872... Voters not voting, 1872... Of which the republicans And the conservatives were. 29,801 Now, as (be boot of “general opathy’”’ is on, the other leg, the opinion prevails that the conservatives to-morrow will recover Virginia, and bys handsome majority. Generally, it is probable that these November, like the late October elections, on a greatly reduced popular vote, will indicate republican losses and opposition gains ; but these results, like those of 1869, will signify not much as a basis for Presidential calculations. The’ Financial Pressure and the ‘Trade Prospect. There is, undoubtedly, great uneasiness among the manufacturing, commercial and business community throughout the country in consequence of the financial pressuro that has existed for some weeks and that still bears heavily upon industry and trade. There is a feeling of apprehension, too, that the laboring classes, thrown out of employ- ment, or being only partially employed, through the suspension or limitation of work just as the winter is approaching, will be sub- jected to much suffering. This gloomy state of feeling has been increased within the last few days by the trouble that has come upon some of the largest firms in the country, and notably upon that of the Spragues. Now, while we would not hold out false hope as to the prospect, and rather advise every one to put his house in order and be prepared for the worst, we must say there is nothing in the actual or prospective condition of the coun- try to justify alarm or want of confidence. A financial, commercial or business crisis is frequently and not inaptly spoken of as a storm, and we may apply this simile ” the one sweeping over 8, which is breaking down the rotten timber. that hung upon our vigorous youth and life. Some live and healthy branches may be damaged by the fall of unsound parts, and the storm may not clear away all that is unsound; but the good and the bad will be seen more distinctly. The pruning knife can be applied to what re- mains, and, in the end, renewed vigor will be imparted to the growing trade and progress of the country.- This is usually -the case under similar circumstances among an active, indus- trious and a practical people. The law of action and reaction operates in the financial and moral world as well asin the physical. Of course the duration of a crisis and its effects depends a great deal upon the causes and extent of dis- turbance, as well as upon the recuperative power of a people. Effete and demoralized communities may suffer long or even sink under the disaster, if it be very great and widespread; but a nation in the glow of youth, full of activity, and possessing boundless resources, soon recovers. Crises occur suc- cessively or periodically among all enterpris- ing communities, sometimes from one canse and sometimes from another. They are tho result of the extraordinary progress, develop- ments and commercial spirit of the age. Being intent on acquiring riches people run into overtrading or doubtful speculation. The bubble bursts after awhile and spreads con- sternation. The reaction is comparative par- alysis. Then, as recovery follows, another period of like activity sets in, and so the cycle is completed and repeated. England, France, the United States and other commercial nations have the same history, though modi- fied, more or less, by national peculiarities and circumstances. ‘The trouble that weighs upon us now, and that is affecting the manufacturing and other industrial interests of the Republic, is the scarcity of currency. This is the fact as stated by bankers, manufacturers and business men generally. Where even the manufactur- ers have not so much difficulty in obtaining money to pay their laborers, the orders of their customers have been suspended in part from the stringency of the money market. It does not appear that the country is over- stocked with goods, or that the state of our crops and trade at home and abroad is not favorable. Really, the cuuntry-has seldom been in a better condition as regards the pros- pect of both internal trade and foreign com- merce, The only trouble seems to be about the currency—about thé means wherewith to transact business. Yet there has been no ac- tual contraction—that is, the government has not withdrawn any of the circulating medium. On the contrary, it has rather enlarged it by an extra issue of greenbacks and through increasing the fractional currency by the new silver coinage and issue. The increase of gold through importation within a few weeks to the amount of about ten mil- lions has also augmented our resources for trade. There is, then, more currency than before the crisis and when everything was going on swimmingly. The question is, there- fore, will this currency be afloat again as the crisis passes away? ‘The shrinkage of values in stocks and other things, first through the crisis itself and next through the decline of the premium on gold, ought not to contract the ourtency or withhold it from circulation. We look to the banks chiefly to give free circulation to the currency, as heretofore. Then indi- viduals who have hoarded it.will soon throw it on the market. Let the Wall street and stock speculators fight it out among themselves, and let the trading an@ manufacturing interests of the country have the relief needed. To repeat what was said before, we do not think we are suffering from over manufactured productions, the demand for our agricultural product abroad is large, and there has rarely been a finer prospect for trade at home and abroad. The means—the currency—is only needed, and of that there is actually something more than before the late disturbance, Let the banks unlock their coffers and the people empty their stockings, and all will be well. Laberers Striking—A Word of Advice. It appears by our telegraphic news, published in another part of the paper, that the workmen connected with the East Tennessee, Virginia and Georgia Railroad have struck work, and thereby stopped the running of trains, because they had been notified that reduction of wages of twenty per cent would be made in all cases where the amount was over a dollara day. The railroad company states that it was impelled to this course through the stringency of the money market arid the state of its busi- ness. The laborers think the company is simply taking advantage of the financial condition of the country to reduce their wages. Hope is expressed, however, that some arrangement or compromise may be effected. Here, too, in New York, the masons and stone cutters are moving in the same way against a reduction of wages. Now, we would advise workmen to consider well the financial affairs of the country, the difficulty emplovers have in ob-, : downs in this life. taining money and the prospect of suffering during the coming winter. They should bo careful not to increase the difficulties already existing. At the same time employers ought to be considerate and not force an issue with their laborers unless compelled to do 50. This is a time for mutual concessions and forbearance, Pith of Yesterday’s Sermons. The subjects of our sermon budget to-day are numerous and varied, and are treated as. differently as the mental peculiarities and training of the several preachers would allow. Goodness, sorrow and suffering, the achieve- ments of the Gospel, the righteousness re- quired by Christ and His vicarious atonement, devotion to saints and angels, faith and scep- ticism and the resurrection are among the topics discussed in the pulpits of this city and Brooklyn yesterday. ‘The Soul of Goodness’’"— that is, the motive which lies back of the good act—was Mr. Frothingham’s theme, It seems to have been a string of half truths or contradictions, and displays for an assumed minister of the Gospel a wonderful lack of comprehension of Gospel truth. ‘There is no evidence,” says Mr. Frothingham, ‘‘that Jesus ever assumed to bea perfect being.” Nor is there any that He assumed to be other- wise. He did say, however, that He came to destroy the works of the devil, and that ‘the prince of this world cometh and hath nothing in me." He did claim equality with the Father, and one of the accusations upon which He was finally condemned was that He had called Himself the Son of God, thereby making Himself equal with Ged. And yet because on one occasion He bade His disciples be per- fect even as their Father in heaven is perfect, and because, on another occasion, He said there was none good but one—that is, God—we are told by Mr. Frothingham ‘that there never has been and there is not now a perfect man, God, says this commentator, is but a conception of ours, and the thought of copying a being absolutely perfect in will, justice, compassion and love is impossible. But this, he tells us again, was the soul of Jesus’ goodness—imitation of God. But of what avail to imitate if perfection never comes by copying? Of what use is our sowing if we are assured beforehand that we cannot reap? “Why,"’ as Mr. Frothingham himself asks, ‘why do we try to get at the heart of good- ness?’ And if Christ be the ideal man, but yet an imperfect one, why should we try to attain to the stature of men in Christ Jesus? ‘There is certainly a higher, better, purer and more godlike measure than that. Let us aim for it. But we have not so learned Christ, and therefore we accept Him, not merely as an ideal man, but as the perfect man—not merely the incar- nation of ‘a conception of ours,’’ but ‘the express image’’ of the person of God. And because He was a perfect man His example and life become valuable and worthy of imi- tation by us; and because He was also God His death und resurrection bring to every soul who seek it the power to live as He lived and to triumph as He triumphed. The power of the Gospel is not seen so much in its conflicts with Grecian or Moslem or Hindoo idolatry as in its steady onward course over lands not heathen and its sway over hearts that are not simply idolatrous. The achievements of the Gospel, of which Mr. Hoyt spoke, cannot be reckoned up and estimated by the number of converts to Christianity, as some of the Free Religion delegates lately attempted to do. Nor can the value of the Gospel to the world be es- timated in dollars and cents. It has a power that is never seen by men. _Its achievements can only be darkly seen or guessed at here, and eternity alone will reveal their extent and importance, Dr. Cook indulged in a series of ritualistio pleadings, to show his congregation that ‘the body and blood of Christ’’ are actually and literally ‘‘present in the elements of the altar.’’ We can safely commend to our readers to-day the sketch of Dr. Chapin’s masterly discourse on the righteousness of Christ, as distinguished from that of the Scribes and Pharisees. ‘The oneness of truth, its extent and universality, are presented clearly and distinctly. We agree with the Doctor that ‘it is better to believe that all religious sects have had their origin in some , glimpses of truth than to conclude those we do not agree with are founded upon absolute and utter error.” Of course, as reasonable and fallible men, we must know that no man and no sect has, or can possibly have, the whole of truth; and since we can have only partial truths here it is certainly safer to leave to Him who is the Truth the judgment of the truth or error in other sys- tems of religion besides our own. That isa poor system or sect which simply finds flaws in gthers ayg exposes their fallacy or evil tendenty. It is shallow and of tittle real value if it confines itself to criticism; if it does not present us some substantial founda- tions for @ structure of better life and en- larged usefulness. These are sound princi- ples, and judged by them of what value to mankind is the creed or the carping of the late Free Religious gathering in this city? True religion is a spirit seen not by the eye of man, but of God. Yesterday was the twenty-fifth anniversary of the settlement of Dr. Armitage as the pas- tor of the Fifth Avenue Baptist church, and as such it was duly observed by that church and congregation, Father McNamee gave rather a strange reason for the veneration of saints by Catho- lics—namely, to heighten the honor given to God. “If,” said he, “the devotion which Catholics paid to the angels and saints, and also to their images and relics, were the same as that paid to God, then they were idolaters. But as the devotion paid to them had entirely its termination in God the charge [of idolatry] fell to the gronnd.”” This in elucidation of o part of the Second Commandment, ‘Thou shalt not make to thyself any graven image,” ke, Miss Sarah Smiley preached a plain Scrip- tural sermon on the atonement of Ohrist, a brief synopsis of which will be found in other columns, “Suffering and Sorrow’ was Mr. Beochor’s subject. In view of a hard winter just ahead it may have been appropriate. It certainly will be appropriate if it shall lead any soul to a higher conception of the destiny of humanity than that which can be found in our ups and The complement of our shadowy existence hore ia the sunshine agd bliss of Heaven, Thither lot us took and journey. Dr. Talmage told his congregation that, no matter how much bank stock they possessed, how fine their worldly estate or how elegant their social positions sin has paupered the whole race, and until we go back to God we are in on awful state of beggary and want. Among the needs of an immortal soul he enumerated—first, tho Holy Ghost; them pardon, comfort, strength against temptation and hope for heaven. Dr. Porter commemorated the twenty-fourth. anniversary of his pastorate with the Re- formed church on Bedford avenue, Brooklyn, yesterday, with a sermon indicating an inten- tion to go forward in tho line of Christiam progress. . Dr. Dillar, preaching on the resurrection, argued that the soul is not eternally separated from the body by death. But the tendency of his reasoning, we are told, was that the delights and blessings of the flesh are revived in that glorious after life, when the trumpet shall have roused the dead from their long sleep. Scripture tendencies and teachings are, we believe, in the opposite direction. The Straits of the archists. Our despatches from Franco indicate a state of tribulation in the monarchical camp. We can well comprehend the dismay with which the royalist camp followers regard the present statesof affairs and the variety of suggestions which they offer to the leaders in the opera- tions. The figureheads of the fused royal factions still go on binding themselves not to accept this or that; Chambord asseverates that he will only be King by the grace of God and not under limitations from anybody on earth ; the Orlegns princes pledge themselves not to be lieutenants of the kingdom, and not to compete with each other, presumably in flanking the elder Bourbon‘ recluse of Frohsdorf on his slow way to the throne. Never were royal Barkises so unwill- in’. It is not very certain that all thie raw material for royalty would go on declining if the demand was anywise brisk orsteady. There is sometimes a danger in the protesting-of princes that they are working in the opposite direction silently, and a trap for the republicans might be in stealthy preparation but that appearances go to show the dismay to be real and the prolgngation of the term of MacMahon the only chance left. This means that neither republicans nor royalists are able to pat an end tothe ‘‘truce of parties’ formulated ‘at Bordeaux. If MacMahon really intends to ask a prolonga- tion of his term, it will, no doubt, be granted, ' and every day of the Provisoire gives strength to the Republic. The monarchists seo this with alarming clearness, and hence the wild projects of dictatorships, resolutions against dissolution, forbidding elections for vacancies and other brutal measures such as weak-minded people in «panic times are the first to propose. They would get somebody else to commit arty dangerous piece of tyranny to save themselves from facing the slightest peril, and their only peril is to face the people. Verily, O monarchies of the Old World! your French friends aro helping your cause as little as they help themselves. French Mon- The Bank of England Raising the Rate of Discount to Kight Per Cent. From time to time during the past few weeks the Bank of England has been raising the rate of discount to five, six, seven, and now to eight per cent. During this period gold has been flowing from England to the United States. Striking a balance between the amount shipped from this country and that , sent here, our gain and England's loss have not been less, probably, than ten millions of dol- lars. Here, then, no doubt, is the principal cause of the Bank putting on the screws. There may, however, be other causes, such ag the state of trade in Great Britain and the condition of the Continental markets; but the drain of such an amount of gold to this coun- try is sufficient to induce the action of the Bank. It is simply following a well estab- lished policy to protect itself and to prevent any embarrassment to the country that might arise from a deficiency of the precious metal. Though this action may check to some extené the flow of-gold hither, we do not think it will stop entirely that flow, for England mast , have our cotton and breadstuffs; and ae long as the imports remain checked and ste not equal to the exports required the gold must be sent tomake up the balance of the account and to move the crops. Scramsrx yor Orrice.—The Chicago Times asserts that ‘the present municipal campaigm in that city is “little else than a scramble be- tween two lots of place-bunters to see who. shall have certain Jacrative positions.’’ We would like to be informed of the Intitude ond longitude of the city on this Continent, there being more than one candidate in nomination for any particular office, in which » similar ‘scramble’ is not observable, PERSONAL INTELLIGENCE. John B, Gough has arrived at the St, Dents Hotet. John E, Owens, the comedian, is staying at the Astor House. The Rev. Dr. Harwood, of New Haven, is regie tered at the Hoitman House. . Rear Admiral Hoff, United States Navy, is quar- 4 tered at the Sturtevant House. ‘ Congressman Isaac R. Sherwood, of Ohio, yester-\ day arrived at the St, Nicholas Hotel. Mrs. Dr. Carnochan and children are at present sojourning at Nice, in the south of France. Deputy Attorney General Marcus T. Hun arrived, at the Hoffman House yesterday from Albany, Mark Twain and family arrived in the steamship Batavia yesterday from Europe. They are staying, at the St, Nicholas Hotel. ' pavid L. Yulee, who represented Florida in the, United States Senate before the rebellion, t#\ among the late arrivals at the Clarendon Hotel. General W, W. Belknap, Secretary of War, ar- , rived at the Fiith Avenue Hotel yesterday mora-' ing, and returned to Washington In the evening. Albert Bierstadt, the artist, who has been in California during the past two years, making sketches among the mountains, arrived at the’ Brevoort House on Saturday. Baron de Smirnoff, of Russia, with his family, are among the late arrivais at the Fifth Avenue’ Hotel. The Baron is a son-in-law of Henry T., Biow, formerly United States Minister to Brasil. BALLOON ASCENSION IN SAN FRANOISOO./ San Francisco, Cal., Nov. 2, 1873, Abont 8,000 or 10,000 people visited the Cityr Gardens to-day to witness the balloon ascension f Professor Lay and Miss Smith, of Ad yen balloon was filled, but got away without the weading party or any one eae, and when last seen to-nigt Was golug northward at a Dich qitivude.