The New York Herald Newspaper, January 29, 1874, Page 6

a oe NEW YORK HERALD, THURSDAY, JANUARY 29, 1874—TRIPLE SHEET. NEW YORK HERALD BROADWAY AND ANN STREET. GORDON BENNETT, PROPRIETOR. JAMES Volame XXXIX.. AMUSEMENTS THIS EVENIN jie a 3. CONWAY'S BROOKLYN THEATRE, = street, Brooklya.—RICHARD THE THIRD, vologes at UP: Edwin Booth, BOWERY THEATRE: Bowery.SCOUTH OF THE SIEREAR at P. A. acibf M. Mr. 1. Prank Frayne, wae ase METROPOLITAN, THE, Wo, 6 Broadway.—VARIETY RTAINM. FP Mu: closes 810307. M. eiiaiton fe NIBLO'S GARDEN, Fin in K POG at OP. Me ehoses at W030 F Me kas pearees. or MUSIC. ATEUR street corner ™, ‘DaAW ate ENT! RATS MRNT Prok Dake MUCH ABOUT NOTHING, at 8 P. M. ; closes at ll P. M. ‘trot NAIAD QUEEN, at bie te. ; Baie irl at ie NIMBLE J1M, at 5 P.M; GRAND OPERA HOUSE, F avenue and Twenty-third street,—1UMPTY i Tage ABROAD, at 745 P. M.; cioses at 10459. FIVTH AVENUES THEATRE, Pray cients street and Broadway —VOULINE, at 3 ‘Closes at 1030 P.M. Dir. Harkins, Miss Ada Dyas GERMANIA THEATRE, Fourteenth street—BARBE BLEU, Offenbach's opera Douffe, at 30. M.; closes at P.M. THEATRE COMIQUE, B14 Broadway.—RENT DAY, and VARIETY ENTRR- TAINMENT, a: 8 P.M. ; closes'at 10:30PM. BOOTH’S THEATRE, Sixth avenve and Twenty-third strect.-LA FEMME DE ZBG, at 7:45 F. M.; closes at 1030 P.M. Mra J B. 00 WALLACK’s Broadway and Thirteenth 5 1 MONEY, ats P.M; 4 MEATY. M. Mr Lester Wallach, Miss Jettreys OLYMPIC THEATRE, Broad: between Houston and Bleecker streets — VAUDEVILLE and NOVELTY ENTERTAINMENT a¢8 P.M. ; closes at LP. M. BROOKLYN PARK THEATRE! apporite | City Hall, Brooklyn.—THE ouED STEALER, closes at 11:45 P.M. Mise Lucille Western. TONY PASTOR’S OPERA HOUSE, No. 201 Bowery.—VARIETY ENTERTALNMENT, atsP. M. ; closes at Li P.M cg BBY {NPS OPERA HOUSE. Twenty-thi corner of sixih avenue —CINDER- ELLA IN BLACK, KL NUGEO MINSTRELSY, éc., ot 8 F. ‘M. ; closes at 10 Great J ad Letaneds Li PILGRL ‘reat Jones a fayette place. —! RIM'S PROGEWSs, at3 P. IES alone at) P.M. COLOSSEUM, mr corner of Thirty-Oith street, —CYCLORAMA LY, ut 12 M.; closes at 4 P. Panis BY Sich’, 7 loses at i) P. M. —— TRIPLE SHEET. New Eri Thareda ary 29, 1874. THE NEWS OF YESTERDAY. ‘To-Day’s Contents of the Herald. MR. GLADSTONE BEFORE HIS CONSTITUENTS! BE CHARGES MR. DISRALLI WITH SEEK- ING TO DIVERT THE POPULAR MIND! JOHN BRIGHT PUBLISHES AN ADDRESS IN DEFENCE OF THE PREMIER! LADY RADCLIFFE AND THE TICHBURNE CLAIM- ANT—SEVENTH Pace. SANTANDER UNDER A FORCED LEVY BY THE CARLISTS! THREAT OF BOMBARDMENT— IMPORTANT GENERAL NEWS—SEVENTH PaGE. JUDGE DURELL’S DOOM! THE: FAILURE TO TRANSMIT THE PRESIDENT’S LOUISIANA MESSAGE! TREASURY LOSS BY THE PANIC—SBVENTH PAGE. CONGRESS AND THE CURRENCY) A “PENNY WISE, POUND FOOLISH” ARMY POLICY— Fru Paas. THE WEAKENED RIGHT ARM OF THE REPUB- Litt OBSERVATIONS OF A HERALD WRITER IN A FORTY DAYS’ CRUISE ON THE WABASH! COGENT REASONS FOR NAVAL INEFFICIENUY—FovrTH Pag. NO INQUEST YET HELD UPON THE PAST DE- OOMPOSING BODIES OF THE SIAMESE TWINS! AN APPLICATION FOR A JUDICIAL ORDER TO THE CORUNER REFUSED— THIRD PAGE. LEGISLATIVE PROCEEDINGS! THE MISAPPRO- PRIATED STATE SINKING FUND—Tuirp Pace. MOVING BREADSTUFFS FROM THE WEST TO THE SEA! ST. LOUIS MERCHANTS PRAY- ING FOR CONGRESSIONAL AID IN MIS- SISSIPPI RIVER IMPROVEMENT! $16,000,000 OF THE PUBLIC MO) DEMANDED! THE ERIE CANAL ASSAILED—FourTH Pace. COST, RUNNING EXPE: THIRTEEN CITY Hi GOOD EXHIBIT OF SLOWCOACHISM AND ASSURANCE OF RAPID TRANSIT SUCCESS— Firte Page. THE JERSEY CITY TRE RY DEFAULT! HAM- ILTON’S BRIEF CAREER OF GUILT! MAYOR O'NEILL'S OPINIONS—THirD Pace. SHARP WORK IN THE PHILADELPHIA MAYOR- ALTY CONVENTION—THE BNAI BERITH CONGRESS—TentH Pace. THE WORDY WARFARE OF THE NATIONAL GUARDSMEN—BROOKLYN YACHT CLUB— _ A WISE BOON TO SAILORS—Tuigp Pace. DEPRESSION IN THE STOCK MARKET! CON- GRESS WORKED BY THE CLIQUES! MOUN- ETARY OPERATIONS iecaharws ins Sassi Pace. THE CITY SUED BY ONE OF THE OLD RING CONTRACTOKS! STERN JUSTICE FUR AN INOENDIARY FIEND—RAPID TRANSIT ROADWAYS—EiGHtT# Pace. SAD RESULTS OF SPANISH MISRULE IN CUBA— HORSE NOTES—FINANCES OF THE OLD DOMINION—THE JERSEY LEGISLATURE— Fouts Pace. THE PLATFORM OF THE NEW INDUSTRIAL | PARTY STARTED BY THE COMMITTEE OF | SAFETY—A VERDICT REACHED IN THE STINER FIRE INQUEST—FirrH Paces. GHOSTS ON LONG ISLAND—A SMALLPOX SCARE IN WBSTCHESTER—EiGuTH Pace. Orrose to Unzoapina.—Speaking of Gen- eral Grant's disposition to unload the dead weights which have borne down the republi- can party for years, the Indianapolis Journa is emphatic in deprecating the words imputed to the President, alleging that he did not use them. It is singular that the partisan jour- nals should persist in nursing monstrosities even after the head of the party has declared ‘against them. Axovt Taoss Srups.—Inquiries are multi- plying in regard to the disposition made of those studs taken from the shirt bosom of the man who died in the Russian bathroom. The honor and credit of the police are involved in the matter. The Police Commissioners should have the affair thoroughly investigated. If there existe such » want of integrity in small things, what may there not be In large? ones? ‘The Gladstome Coup d’Etat. ] In taking « survey of the political situation in England our readers may have been track not only with the very sudden character of Mr. Gladstone's recent dénonement, but by the apparent want of sufficient cause for such energetic action, But the more careful ob- server of the political arena in Great Britain must have observed that in the struggles of the Gladstone Cabinet through the last session of Parliament it was painfully exhibited—that, although they were backed by a large ma- jority in the House of Commons, the Ministry were being crushed and borne down by dead weights—in fact, were too heavily loaded. First, with the ‘Irish Education bill,” » meas- ure intended to please both Protestants and Catholics, which, as a matter of course, pleased neither, and was finally rejected by a large majority, dragging down with it the Ministry itself. Second, the Cabinet was further weighted with two able but most impracticable members—Mr. Lowe and Mr. Ayrton. The impudent effrontery of the one and the cool audacity of the other was freely vented, with- out regard to party or distinction of persons, throughout the seasion. Tt was immaterial who had a question to put to these Ministers or what the nature of the inquiry—the response, when offered, if not directly rude, was generally clothed in some muttering sarcasm ‘that was a re- proach to the government of which they were members. Qocasionally they mot their match, and then ensued one of those scenes so keenly relished by the auditory, called ‘personal.’ On some occasions Mr. Ayrton had the whole House upon him; and, ao far from being abashed by the yolls of farious House, he would calmly stand with his héavy droop- ing eyelids with apparent enjoyment. However, shortly before the gession ended these pugnacious statesmen, who all the time had been waging war on friend and foe, fell out, the cause being apparently one of guprem- acy; and now commenced # neck and neck struggle between them, ending in one of those rare but disgraceful scenes in which two gentlemen, members of the same Osbinet, were mutually attacking each other in the very face of the opposition, to the very infinite dis- gust ot the government and their supporters. This alone was enough to bring about the col- lapse of any Ministry, however strong; but, if it showed how little influence Mr. Gladstone had over his Cabinet and the weakness of the Ministry, it also revealed that the conserva- tives were still weaker, and that, if they were unable to take the reins of government when the Gladstone Ministry resigned in the earlier part of the session, they were still powerless for action then. And so the seasion ended. Parliamént once closed, and the Ministry safe for at least six months, Mr. Gladstone determined to change his front and reconstruct his Cabinet, and the exposure of the secret relations between members of his Cabinet, so much to be dreaded during the seasion, was now freely made. It appeared that Mr. Lowe and Mr. Ayrton had not been on speaking terms for months, although the nature of their departments demonstrated that they should have been in daily communication. To make things worse, Mr. Lowe has qi also with Mr. Monsell, Postmaster 5 for, not content with the admini of the affairs in his own office, he had been directing and signing contracts, without the consent or even knowledge of Mr. Monsell. So here were three of the chief members of the Cabi- net acting antagonistically to each other. Mr. Ayrton was quietly placed in a sinecure of two thousand pounds per annum, and Mr. Monsell was made a Peer. The remaining delinquent, Mr. Lowe, had to be more care- fully dealt with; the soi-disant heir pre- sumptive to Mr. Gladstone’s own exalted posi- tion could not be ‘‘potted”’ with safety. If he was mischievous in the Ministry he would be a hundredfold more so in the ranks of the opposition, for he had on a former occasion shown that his was not a nature to sink into quiet retirement on dismissal. The memory ot the Cave of Adullum and its little band of conspirators was still green. He was too dan- gerous to be excited to a fresh revolt. It was, therefore, found that, however inconvenient the retention of Mr. Lowe in the Osbinet might be, his presence was unavoidable; so he was transplated from the position of Chancel- lor of the Exchequer to the supposed less dangerous post of Home Secretary. Other changes of a minor character were made and new blood instilled, the most important acqui- sition being Mr. Bright. Such is the con- stitution of the present English Ministry. The advent of the new year no doubt re- minded Mr. Gladstone that in a few weeks he would once more have to meet Parliament, and we have no doubt that the usual Cabinet councils were called for the purpose of ar- ranging the programme for the spproaching session. We can quite understand that one of the first questions to be discussed would be the relative status of the Oabinet and their chance of successfully pulling through the next session, and with such master minds as Gladstone, Lowe, Bright and Chancellor Sel- bourne we can quite understand how readily the situation would be appreciated and prompt action taken. It must be borne in mind that the seven years’ lease of the present Parlia- ment had nearly expired, and it was merely a question of dissolution now or in the follow- | ing autumn. So far as the cor ‘was con- | cerned it was a matter of little jaence which of those times was selected. A diseo- lution in the middle of the summer, when the London season was at its height, would have been eminently inconvenient; but as between now or next fall mattered little. Such being | the case we have no doubt Mr. Glndstone thought himself perfectly justified in selecting the moment best suited to advance the cause of his great party. The angry grow! of the conservative leader confirms our opinion that that party is not prepared just now for the contest. Mr, Disraeli, who with consummate tact and judgment has led the tory ranks for so many years, has lately been playing » waiting game; he hed weaker noticed, the wets dit cn, swas doing for him more than he could ever hope to do They confessed to this taat Se sier ond any they are in a worse condition, with nothing but their old record of obstructiveness cling- ing to them. On the contrary, the present government, with its reorganized and recruited ranks and the most 'o and timely discovery of a bal- ance of twenty-five million dollars, could not be in better form for the struggle. People with plenty of money are always welcome and well received. The masses are alow to understand the potty straggles of political chiefs, but they readily appreciate a reduction of taxation. We think, therefore, that while there was cer- tainly nothing improper in the recent act of Mr. Gladatone it was prompted by the very best policy. In making the announcement of tho abo- lition of the income tax for the rich and re- moval of the duties on tea and sugar for the poor we observe Mr. Gladstone, with oonsum- mate skill, throw his magic net over the heads of all sections and all parties. For once the tich millionnaire in his palace and the poor seamstress in ber garret: will. be united by a bond of common: interest, and will unite in the ery of ‘Ave Gladstone [** The United States Navy—Oar Letter from Key West. The pitiable condition of our navy is fully and intelligently described in another part of the Hzratp by our correspondent, who re- cently made the passage from Nice to Key West on board the United States steamer Wabash. During forty days’ life in the wardroom he clsarly ascertained the condi- tion of the navy, and he has faithfully described it. Writing of the adminisira- tion of mavy yards he says:—‘If the officer in charge @iscovers any of them (civilian employés) missppropriating naval stores, as is often the case, and expresses his sentiments on the matter, Oongresamen put their heads together and he is sent on a three years’ cruise in the South Pacific, and the rights of constituent Congressional protégés are maintained.” Precisely. Officers who entered the navy at the Academy, who have undergone « severe course of discipline snd training, who have served in many tempestuous seas, are punished ‘by the letter of the rogula- tions” —that is, by being ordered out of sight and out of mind. The remedy for these abuses we have frequently pointed out—legis- lation which will place the navy beyond the corrupting and degrading influence of politics, and confer its executive management upon officers who have illustrated its history by deeds of valor and professional works now used for the instruction of the midshipmen about beginning a naval career. It is dis- couraging to old and cultivated officers who have toiled for the efficiency of the navy to find the labors of a lifetime undone by a Secretary who consults the political demands of his constituency alone, and who, probably without any other than honorable motives, is compelled, from his personal and political alliances, to push the navy into that decay and rottenness which will leave us ultimately with- out police or prestige on the sea. Congress, the reservoir of “pap,” may be equally pow- erless; but it was not so in the ante-Crédit- Mobilier days. We find that body to-day de- manding economy, and it proposes to econo- mize with the Marine Corps. Every officer knows, as every legislator ought to know, that the Marine Corps, instead of being dimin- ished, should be increased and rendered more efficient. Marines on board ship are what the metropolitan policemen are to New York. They sustain the normal organization; they prevent violence, desertion and dangerous in- subordination ; and hence that esprit du corps which makes them indispensable to a strict and wholesome discipline. We have not ob- served that Congress has done anything as yet to improve the congition of the navy. What should it do? @ words of a dis- tinguished naval officer, ‘It should pro- vide iron-clads or sea-going monitors, and even if we do not put them afloat the frames should be constructed and everything prepared, ready to be put together in time of great emergency. A powerful squadron should, and I hope will, be maintained in the West Indies. A proper naval force there be- fore would have prevented the Virginius affair, which has cost, in modest figures, five million dollars.” Let the Navy Department, then, be reorganized as the beginning of reform, and let the eight bureaus now repre- senting eight different navy departments be placed under the control of a professional Admiralty. Tax Misawerert Riven Scuzme.—We print this morning an abstract of the memorial of the St. Louis Chamber of Commerce to Con- Financial Policy—Schemes of Resumption. The currency debate was continued yester- day in the Senate, and Mr. Bayard, of Dela- ware, spoke forcibly in favor of gradual con- traction and resumption, but without develop- ing any new feature. Every person admits that at some future day the country must ex- change its present irredeemable currency for a currency redeemable in gold, and very few deny that the sooner this is accomplished the that his proposition to fill everybody's pockets with paper money is designed to enable us to glide easily into specie payments, Tho point to be reached is professedly the same with all, but the roads by which it is proposed to travel run in such opposite directions that some must goastray. Outside of wild theories and selfish propositions there are certain landmarks which, if kept in view, will lead us to the desired goal. We must lighten the public burden as much as possible by decreasing the rate of interest on our national indebtedness, by dis- continuing the policy of forcing a rapid pay- ment of the debt, and by stricter honesty and economy in the government. We must guard againet the reckless speculation, overtrad- ing and violent fh ions in values which brought about the recent com- mercial crisis. We must bring our greenback dollar as near as possible up to the value of a gold dollar. If we accomplish all this we shall place the business of the country on 4 solid foundation and secure a natural return to @ specie basis. The question is, Which is the shortest’ and safest road to these results ? Some legislation ia needed to relieve the country from its financial embarrassments and to restore the commercial confidence, so badly shaken by the recent troubles. The necessity implies that there has been some- thing wrong in.our past polidy, for the crisis came upon us while the country was prosper- ous, the crops abundant and our national credit good ; and the crisis speedily produced a panio.. The commercial world could not have been thus rudely shocked by the burst- ing of a few bubbles and the failure of a handful of speculative bankers if our financial policy had been sound and our cur- rency ona firm basis. Yet some persons propose to remedy the evils from which we ere anxious to escape by continu- ing our old policy in an aggravated form; by increasing the volume of currency 80 as to give new encouragement to specula- tion and drive us off further and farther from Our Nai resumption. These inflationists receive a se- vere blow from the strong protest of all the great capitalists of New York against their reckless propositions. Others who attribute all our troubles to our irredeemable promises to pay are eager to jump at once to specie pay- ments whether we have the specie to pay with ornot Against these the common sense of the people stands arrayed. Probably the wisest course, so far as the currency question is concerned, lies between the two extremes, in @ policy that will prevent inflation and provide some means for a gradual return toa specie basis. Two plans have been proposed which appear to merit consideration. The one con- templates the issue by the government of four hundred millions of gold bonds, bearing four per cent interest and redeemable in coin in fifty years, to be used for banking purpcses. As these bonds are issued a corresponding amount of greenbacks is to be withdrawn and cancelled. Any bank with a capital of one hundred thousand dollars may deposit gold bonds as a security for circulation and receive in its own notes ninety per cent of the amount deposited. The currency of these free banks would take the place of greenbacks until the whole of the latter became absorbed. This would give us coin for the redemption of the circula- tion in fifty years; but it would exchange four hundred millions of greenback indebted- ess, bearing no interest, for the same amount of gold bonds bearing four per cent interest in coin. It would also leave us without any legal tender except coin. The other proposition is said to originate at Washington. It contem- plates the issue on the first of each month, commencing in July next, of two million dol- lars in United States notes, in denominations of ten dollars and upwards, without interest, but redeemable in coin in two years; the said notes to be sold for greenbacks, and the latter to be cancelled and not reissued. By this plan we should commence in July, 1876, to redeem our currency in gold at the rate of twe million dollars a month, and this would con- tinue until all our Treasury notes were re- deemed or placed on a gold basis. No measure of financial relief will be effect. ual that does not extend further than the reformation of our currency. We must no greas, ostensibly discussing the eastward grain movement, but, in reality, covering a demand for sixteen million dollars for improvements in the channel of the Mississippi River. It is at once an effort to divert the traffic of the Northwest from New York to New Orleans and to secure expensive improvements in the chan- nels of the Western and Southern rivers at the cost of the national Treasury. Unless it is closely watched it may become # grand plun- dering scheme ; but, in any event, the present is not the time for undertaking river improve- ments at the public expense. Tue Story or Davi Ware, tae ScHoor- Box, twelve years of age, who committed suicide by hanging because his mother de- sired him to engage in the business of selling newspapers, is @ very sad one. We have recently had an account of s deformed orphan boy in Paris, who, being driven to beg in the streets by a cruel aunt, took his own life in s similar manner. Another case of a like character recently occurred in the western part of this State. Children are sometimes more sensitive to humiliation than people suppose them to be, snd we cannot envy the feelings of any parent or of any individual whose want of consideration Hay drive a child to such a depth of despair. Tax Moser Srrenvovs Erronta are being made to secure the par Page M the ‘survivor of the MoCarty-! ey er from the Governor of Virginia. The peti> for himself, and he clearly wanted the next session to complete his arrangements. His | epigrams and word painting had still to bo invented; his party cry to be agreed had not even an avowed policy. All this could ‘no ty have been arranged during the Never wore the conserva- apr ed ge yy Lt tion is signed by nearly the whole State Legislature and by » number of the leading citizens of Richmond. The pererneb fa eel enesk a 2 tds coongh tee im- 2 egy Upon the onic et etiieny ernor will ina great degree depend the do- oiston whether the bloody code is to be aban- doned or continued in Virginia, longer force a rapid payment of the national debt on tke generation that bas already borne the losses and made the sacrifices consequent upon the war. The people of to-day have secured a splendid inheritance for their suc- cessors, and upon the latter should fall the duty of paying the debt which grew out of the war. The rate of interest on our national obligations must be lowered. There is no reason why we should pay higher rate than is paid by England, France or Germany. So long as otr bonds bear six per cent interest in gold they will find their way into the hands of foreign holders, and the country will be drained of money which ought to remain among our own people. The special privileges of the national. banks must be swept away and banking made as free to capitalas is any other business. With these reforms secured, and with our irredeemable currency placed on the sure road to a specie basis, we shall re- store commercial confidence and hear no more of panics or of wild schemes of inflation or contraction. SanTaNDER AND THE Cantmts.—A few days ago we printed news to the effect that San- fader, an old-fa but still thriving and somewhat prosperous town in the Bay of Biscay, had been captured by the Carlists, with s large amount of war material. The report is now denied, and even from Carlist sources we have the intelligence that the town is still holding out against them. The Car- lista, however, have not yet been driven from rept eet according to the news ablish thjs morning they have sus- Fie bombar ent in expectation of two million pesetas. It will not be at all wonder- fal if» before the pesetas are paid down Serrano has come to the rescue. On the whole, Spanish affairs now begin to assume a tzanquil aspect. The Certain Profite of Repid Tran sit—Statisties of the Street Rall- roads. of Now York, published in the Husaup to-day, show that about one hundred and twenty million passengers travelled over the lines last year, and the gross receipts were between eight and nine million dollars. We can form an accurate judgment from these figures of the business that would be done by two elevated or viaduct city railroads run by steam, and of the profits they would realize. The travel over the horse car lines, as reported by tho:several companies, ia calculated on the basia of the cash receipts, but it is very well known that the companies do not receive the full amount collected, and it is fair to eati- mate one-third increase for the percentage appropriated by the conductors and divided between the conductors, drivers, spotters and starters. If we had rapid transit in place of the horse cars many passengers who now make only one round tripa day would certainly make two and probably three, and the facilities for getting from the Battery to Harlem River in twenty minutes would draw to New York many thousands of families who now live in New Jersey or Kings county. We may, therefore, fairly estimate that steam cars would carry double the number of passengers now carried by the horse oars, and that the receipts, at six cents a head, would,be two- thirds more than the reosipte of the city lines. At least two hundred million passengers might be counted on as certain to travel the first year over two steam railroads running from end to end of the city, and twelve mil- lion dollars would be a moderate sum to set down as the gross receipts. Allowing six millions for running expenses, and we have six millions left. This would pay interest at six per cent on a hundred millions capital. ‘The highest estimate made of the oost of an overground railroad in New York has been one million dollars a mile. Tho road which it was proposed to build between the blocks has been calculated to cost one million dollars a mile for fifteen miles of road. If we double this esti- mate for two roads of the same length we have only a cost of sixty millions for the two. Six million dollars net profits would pay ten per cent on this investment. It is clear, therefore, that two roads built by the city for the benefit of the people would pay the interest on the bonds issued for their construction and provide a sinking fund for the redemption of the bonds at maturity. If the city built and operated the roads the profits would be used for the benefit of the people, and as the profits increased the rate of fare would be lowered. There would be no greedy stock- holders to demand heavy dividends and to exact from the people higher fares as the patronage and wealth of the road increased. If the Legislature will pass an honest bill, creating a responsible and thoroughly reliable railroad commission, and giving the commission the power to raise money and build the road, we shall not be much longer without rapid transit, But all jobs concocted by the present profitable street lines for the purpose of killing rapid transit must be sum- marily disposed of. The people do not want to be trifled with any longer. They demand rapid transit and will have it. The sooner our legislators recognize this fact and yield to the wishes of the people the better will it be for their reputation and fature political pros- pects. Illegal Use of the State Finances. The loose manner in which our State finances have been managed forsome years past and the recklessness of legislation are shown in the Message sent to the Assembly yesterday by Governor Dix, covering a special report from Comptroller Hopkins on the con- dition of the Sinking funds. It confirms the statement heretofore made that a deficiency of about eleven millions exists in those funds. The money, although sacredly set apart for the redemption of the State debts, has been used by former Comptrollers, under the au- thority of the Legislature, to defray the cur- rent expenses of the government when there were no funds in the treasury to meet legisla- tive appropriations. This illegal action is properly and severely condemned by Governor Dix as a gross violation of the constitution and of special laws, and as a breach of faith toward the public creditors. The bombshell in the Assembly, however, was the announcement of the manner in which Comptroller Hopkins, endorsed by the Governor, proposes to meet the difficulty and right the wrong. The Comptroller calls upon the Legislature to provide money to meet all appropriations as they are made, and declares that unless means are taken to reimburse the Sinking funds he shall use all moneys raised by taxation for these funds for that purpose before any other. Says the Governor:—‘“I do not doubt that it is the Comptroller's duty under the higher law of the constitution to invest all moneys raised by taxation for these funds as rapidly as they come into his hands, instead of expending them to meet legislative appropriations and to leave the latter unpaid until other means are provided for them.” This makes it awkward for the Legislature, since it is a virtual ‘stoppage of supplies,” at least so far as these particular fands are con- cerned. ae Tae Joey is True Srocs Inquest rendered yesterday such a verdict as coroners’ juries generally do render. After five days investi- gation into the origin of the fire, they make four findings—three as to where the fire did not originate and one as to where it prob- ably did originate. They are of opinion that it did not originate in the fine of the adjoining hoase, nor from the hot sir flues in Mr. Stiner’s house, nor in tho fiue in Mr. Stiner’s bath- room ; but they agree in the opinion that it did originate and occur in the basement hell at the head of the cellar stairs, though whether from i do not know. dled opinion as to the connected by gossip with the affair. The only sensible part of verdict is that which finds that the and property of citizens in the part of the city are not sor tected in consequence of the insuffic force of police and fire engines. batler and cook, who were for some reason held in custody, were discharged. It is to bo hoped that the facts in relation to the length of the police beats and the leck of fire engines | (rs may receive the attention of the arager Scent uthorities and secure better protection for the residents above Fiftioth street. The Case of Loutsiana—The Preshe dent's Purposes Nullified by His Cabinet. Every one must regret that the viows ro cently expressed by the President in regard to the iniquitics of reconstruction sither seem te him not to apply to the case of Louisiana or that he finds difficulties in the way of their application which are “for the moment insu- perble. No ‘person who has observed (ten- eral Grant's history can for a moment doubt that he was thoroughly sincere in that spon- taneous outburst of impatience and disgust ot the villany of the political and other sharpers about him tm which he denounced the ““mon- atrosities;"’ nor can there be any difference of opinion as to the fact that the remedy for the diffioulties in which the Prosident now finds himself is a strict adherence’ to the plaim honesty of his own declaration; but it seems that he finds the way of virtue difficult to fol- low and is disposed to stray from it, and the reason is evidently that his own convio- have equally yielded to bad advice. It is reported that's message was actually written by Attorney General Williams, but that it was not aatistactory to the President, ag it did not give his views, but; onthe con- trary, gavé views directly opposed to thore ha wished to present, and was therefore simply calculated to farther complicate the case. Perhaps it was unreasonable to expect that the legal adviser, whose bad Isw has in one conspicuous instance placed the administra< tion ina false position and whose course im the Louisiana case has covered, not only the administration but, the republican party with disgrace, should now be ready to write a rea- sonable, honest, straightforward message ad- vising that the whole painful and gigantie chicanery should be blotted out by a new eleo« tion. It appears to us only natural that Mr. Williams’ message should be one that the President in his present frame of mind did not care to send to Congress, and we are not surprised, in view'of this explanation, that ne message was sent. If the message was read in a Cabinet council and disliked by the Presi< dent and sustained by Mr. Williams it wad also doubtless sustained by all the other mem~ bers of the ‘Cabinet, and thus the President was overruled and compelled to give wayy for, if the President had not given way, it was a point of/so much importance that @ difference of opinion might imply a necessity, for the retirement of Mr. Williams from th¢ Cabinet, and the President, perhaps, prefers harmony in his political family just now tq things that others regard as more important: Doubtless it was a glimpse of the possibility ofa rupture that induced the other member of the Cabinet to sustain Mr. Williams; fos if break up begins in that company of comm monplace people there is no saying where if may end. But General Grant must see that in his wa against the monstrosities the objective point iq changed, and that he must get rid of hi¢ Cabinet before he can move a step on the ling against the republican dead weights. Hig Constitutional advisers are thoroughly coms mitted to all the bad points that have thus fax marked his Presidential career; and as they are all men of small intellect, and as all meq of small intellect are irreclaimably obsti nate, they will not change, and will not adi vise or accept any poliey which seems to ax knowledge that they were previously in error: With his present Cabinet, therefore, he can- not “unload;’’ he cannot touch the sacred ‘monstrosities’ which they have all helped te nurse; he cannot sever a single cord by whick the dead weights are attached. His good in- tentions are completely nullified and his will is of no possible account in the government while his Cabinet remains in power. Short of dissotution of the Cabinet there only. remains the hope that Congress may come to his assistance, or rather anticipate him in that very course of unloading that he has indicated as a wise and necessary policy. Congress may care less for the feelings of tha members of the Cabinet than the Cabinet officers themselves do, and, unlike the Preai- dent, may not be willing to relinquish the right course out of a desire to keep them in office. If Congress shall pass a law for a new election in Lonisians, the President will perhaps not veto it; but if heshould the subject can ba reached by the impeachment of Durell, whick would perhaps inevitably follow such an in- dication of an obstructive purpose on the part of the Executive. PERSONAL INTELLIGENCE. Paymaster A. J. Pritchard, United States Navy, 1s at the St. Nicholas Hotel. Collector James F. Casey, of New Orleans, is again at the Fifth Avenue Hotel. Major Frank E. Taylor, United States Army, ix registered at the Albemarle Hotel. Professor 0. C. Marsh, of Yale Vollege, is among the late arrivals at the Hoffman House. Ex-Congressman F. E. Woodbridge, of Vermont, has returned to the Fifth Avenue Hotel. Jim Turner, who fired the first shot when Bilt Poole was killed in this city, ts in California, Ex-Congressman Dennis McCarthy, of Syracuse, occupies his old quarters at the Gilsey House. Frank H. Pierce, a nephew of President Pieroa, has been admitted to the New Hampshire bar. Mrs. M. E. Peale is one of the.largest land owners in California, Her farm contains 173,065 acres. Florence Nightingale’s fatner recently died at his home, Embly Manor, near Romsey, Engiand. Jesse K. Hines, Speaker of the House of Dele- gates of Maryland, was formerly clerk in @ store in Smyrna, Def. F. E. Hinckley, President of the Chicago ane Iowa Railroad Company, is staying at the 8t. Nicholas Hotel. Captain ©. W. Howell and Captain 4. R. Chaffee. United States Army, have apartments at the Metropolitan Hotel. A negro preacher in Jeffersonville, Ind., is living with his seventh wife, and is not amenable to the law panishing bigamy. M. Thiers received on New Year's Day a very handsome testimonial sent by a club of Frenchmen residing in Lima, Peru. Arimori Mort, lately the Japanese Ambassador to ‘Washington, now occupies an important post ia the Foreign Office at home. Mrs, Mardy, a niece of General Warren, who fe atthe battle of Bunker Hill, died recently at Oa- lusa, Cal, at an advanced age. POLITIOAL EXCITEMENT if COLORADO. DENVER, Jan. 28, 1674, Intense excitement has prevailed thtoaghout this city and the Territory since the receipt of the news of the removal of Governor Bivert and the be niteer opposition to the souaranation 0 aes on as Governor A tat topecuosn to tog A oe by all but ag or oe tier republican are ati are, wae areeges toe nas a Sel