The New York Herald Newspaper, April 23, 1874, Page 9

VETO. CONTINUED FROM FIFTH PAGE. pe of most people that he would allow himself to * CARRIED AWAY WITH THE TIDE, have ever stuck to it that he was too clear ‘sighted a man and knew the demands and the smecessities of the hour a8 well as any Wall street man. He deserves a great deal of credit for his ‘veto, and the people will not be slow to appreciate the fact in time, even if now many well meanin; fee believe that he ought to have signed the bil! me people in the West will doubtless be disap- ited, but | can say it on authority that I do not now of one prominent financia! man out West ‘who is or ever was an inflationist. Tne cry was THE ORY OF SPECULATION AND RECKLESS ENTER- PRISE and balloon banking advocates. It was given some breadth at one time by the masses in the ‘South and West, but, thanks to the newspaper ‘press there, Jou Wing the lead of the HekaLD, eae coaiate kien is vce of en Ss ae ‘us rol & proper an or the situation ud the dangers that ‘would ensue (if the inflation idea were permitted to prevail. ‘Every manu who has plenty of money ought to be ‘thal for the veto ag well as every poor man ‘who depends for his living on his dally wages and every man who has # few hundreds in she wavings bank, Iaid up against a rainy day's ‘cont ncies; for the rich man’s wealth is mot in danger of being cut down in value, as infla- ‘tion would have cut it down in time; and the mid- dling, well-to-do man’s hundreds are worth all ‘that they nave been for y' and he stands no such chance now as he would have had the bill n. signed to gee the value of his dollar reduced iten or fifteen cents, and the price of his necessities ‘mcreased in proportion. A LITTLE USINESS, At a lace hour last evening there was still quite ia large gathering of Wall street men at the hotel, ‘and speculation was rife as tothe probable effect ‘the new state of affairs would have upon the ‘stock market to-morrow. During tne excitement weveral of the brokers indulged in a little ‘business, and several lots of gold were sold at prices ranging from 113 to 113}4—a tall from the closing price on ’Change during the alternoun. Several ‘sales were made of stocks, and the *shorts’’ were able to do a lively business for a ‘while, much to their own gratification, every Btock deait in being sold from 1 to 2 per cent lower than the closing price vn the street. Nine of the national bank presidents dropped in afcer theatre hours and roamed about in the crowd to hear what the inflationists and the anti-inflation- ists had to say about the veto. They were all, with yone exception, inflationists—at least they were so some weeks ago—and it is almost unnecessary ‘thereiore to say that they looked anything but leased at rhe turn afairs had been made to take. ‘he exceptional man looked exceedingly pleased with himselt and everybody he met, and though he Teiused to talk on the subject, as did the others, to ‘the HeRALp reporter, he looked, as he courteously Gechned being talked to about the veto, as though he felt haif inclined to say, anyhow, “I knew how dt woula'be; and if everybody had believed as I ave all along, they’d feel as jubilant as I do now.” The President of the Chemical Bank. Mr. John Q. Jones, the President of the Chemical Bank, in answer to the questions put to bim by a representative of the HERALD upon the subject of , ‘he President’s veto, said he did not know the text of the message, consequently was scarcely able to converse on the matter. He, however, was of opinion that the President had acted wisely and Mor the best interest of the nation in refusing to wign. the dill, He did not feelin a position at the sent moment to advance any decided opinion ‘with regard to the immediate effect likely ‘to be produced in financial and commerciay aircles by the rejection of this bill, but the thought the resuit would be that business gen- eftally would improve throughout the country, for ‘the reason that the uncertaintiy which has existed go long as to what measure would be ad ‘Wound now be determined and people would un- derstand upon what basis they were trading. He lelt sure that the majority of sound thinking men ‘would approve oi the action taken by the te sen ane for bimseif he was aecidedly of opinion ae mere Was Ee @ sufficiency of currency now dn cirenti was, if anything, in isvor, rather, ‘Ol contracting even Present volume, which could be readily done by the tssutng of bearing "bonos hke tie old fives, wiich could be held by the banks , and which couid, in case as & reserve, of emergency or in times 0! panic be used in place of the greenbacks withdrawn. This would eventu- ally lead to a resumption of specie payment, al- thongh 1t would undouvtedly be several years be- fore such a result would be attained. Such a plan as hethonght, woulda meet With the approvai of a majority of tne bank officers in New-York, al- though they were well content for the present to have matters stand as they now are. He telt sure ‘that tney, too, would heartily approve of the veto, The question oi inflation, he thonght, was settled Jor the present sessiun of Congress, as he did not believe any attempt would be made to pass the bill now that President Grapt had reiused to sign 1%, and it is tuo late to introduce any other measure. interest- three-sixty- ‘What Mr. George Opdyke Says. Mr. George Opdyke said he approved of the veto. He preferred it to the bill, which contained one very disturbing element, that of contracting the gteenback circulation by taking $30,000,000 away @rom the people and tying them up permanently fm the country banks. From what he had heard bus far he thought that the Senate would probably concur in the House Free Banking Dill, which “would be much more acceptable to the country at large. The President would also favor a bill of that kind and the majority of the opponents of the ™easure which the President has just vetoed fwould be more satisfied with it. He thought that ‘the veto had been iavorably received in Wall Street; stocks went up and the rate of money ‘went down. He rather expected that the President would approve the Dill, although he did not like it, Generali Grant bad declared that he ‘would have no policy against that of the represent- atives of the people, and he might have signed the bill on that account. He felt great confidence that a better bill vould be passed. He was against 4nflation and contraction; he was in javor oi the steadiast policy. Im the present uncertainty as to ‘the amount of greenback circulation, sumething must evidently done. There was, in his opin- fon, no occasion for the bank reserve required tor ‘the circulation, because that was already secured by, the deposit of bonds, The veto would relieve financial interests of tne country and the ‘people would now look for a more ju‘ticious meas- oe ‘establisning [ree banking aud central redemp- tion. Opinions of a Private Banker. A prominent private banker and leading partner $2 a Well known European house was called upon by a HERALD reporter last evening and interviewed fn relation to the veto of the President on the In- Aation bill. He said in substance :— My personal opinion on this matter of inflation is that there is @ great deal of humbug avout it, and that the effect of such a bill, had it passed, ‘would. have been a very different one {rom that generally supposed. The bill, while bearing the Name of an inflation bill, would, in one respect, have teally been a contraction one, because one of the gain points of those who favored it was that the currency would have gone out West and that New York would have had a great deal drawn away from it. So that what is infla- tion for the West is contraction for the East, and I believe this was one of the ‘main fears of those who opposed what they called Inflation. But the real view I take of it is thatir ‘the government prints and issues as many green- ‘packs as i+ pleases, those greenoacks will not ‘ind tneir way into circulation uniess the people ‘want them. Money, like water, will find its own devel, and when peopie have enough for general purposes the demana stops. Now, at present there is a large amount of currency in the Trea- sury at Washington which cannot find its way into * circulation because nobody wants it. The South ‘won't have anything to do with it. They cry, “We have enough!” If you make the volume of the currency greater in the Treasury it does not argue that it will be used. Of course, now that General Grant has put his foot down upoa the sub- Ject, no law tending to inflation, as it is called, can | ese without his veto unless Congress passes it over ya two-thirds vote, which it.is not likely to do; #0 that tae moral certainty exists that we shall have no inflation. Bnt 1 think there Is some dan- ger ofthe opposite evil at present, and we may md towards contraction, which would be ten times worse than inflation in reulity. 1 think that legislation on these subjects might salely be let alone just now, and we should ve all the better for it. What we want is not laws regulating the currency, bat a man atthe helm of the Treasury ‘who has some he of his own and some theory ‘which wili bear ‘ing out, Such @ man we certainly have not at present, The present man- agement of the ‘Treasury is an utter fraud. Rich. arson is, no Cid personally an honest man and means well, but in finance matters he is & sheer nonenity. It wants a man, in the first place, with a purpose of bis own; second, & man with the courage to car Dis purpose out; third, a man with @ wi sumMicient to draw to himself the discordant ele- ments of such a Songrees as the present one, and make them adopt his theories and purposes, ‘There have been such men and there are others ‘who can do that now, but with no such weak vac- cflating policy as 1s at present pursued in Washing- ton, One thing one day and another thing an- other day are DO ways to conduct the finances of a ire country like this. The President, I ‘pelleve, is considering the appointment of a new Secretary of the Treasury, and the country wants it, Free banking and free redemption | think 1s the ir policy. It is sate, because a man de- pends ubon bia own honesty. and u he NEW YORK HERALD, THURSDAY, APRIL 23, 1874.—QUADRUPLE SHEET. ‘As tor | the news from Washington tHat the Prosident ! F | had vetoed the Currency bill. Immense thrungs wrong he gets tripped mp. fe" reserve system, J don’t think. any greate! fallacy could exist. hen the bank oreaks where is the reserve ? Always gone. Therefore there is Pract caily no reserve, aud the oaly truit of the sys- tem is that an honest tradesman, thinking wPere he Shall place his money, goes to the first national bank he fluds, thinking, because it has a reserve, it 19 sale, The result 16 that, tothe common mind, the Bank of the Commonwealth, over which Mr. Haight presides, ng me on @ par with the City Bank, over which Mr. Moses Taylor is head. And yet one is rotten, while the other is without a reproach. Inflation ideas would never have been broached ‘With @ strong man in the Treasury, and the whole cause ot all the 1uss which has been made by a mob of men in Congress about & subject they don’t un- derstand is that there is no good financiers to guide them. Fisk & Hatch. Ia conversation with Mr. H, Fisk, of the well known banking firm of Fisk & Hatch, the follow- ing statement was made by Mr, Fisk:— Mr, fisk—I see by the message that tne Presi- dentrecommends an increase of the revenue, so as to meet the expenses of the Government and to provide for the sinking fund, The President does not state by this whether he proposes to in- Crease duties on importation or to heighten taxa- tion. think the idea a good one, providing it can be done without throwing moch extra burden on the Ople. 1 am of the opinion that o few millions, more or less, would make but little difference. The President author- zed the tssue during the panic of last September Of $24,000,000 legal tender notes inst the |. $356,000.0U0 limit reserve, which was an act of in- ation, and by so doing he condemned bis own ad- Imivistrarion, The 000,000 question mast, I suppose, be regarded as legal tender. ‘ine Senate will now, I suppose, take up the House bill now belore them and amend it to suit the Presi- dent’s views, Tne effect of the news on the street ‘Was to send gold down an eighth. There was no excitement Whatever on the subject, and | never saw a big piece of news so quietly recetved. There were sevefal features in this bill with reference to the reserve that were very objectionable. fSiatement by Mr. Joseph Seligman. Mr. Joseph Seligman was captured by a HERALD reporter just as he was going in to dinner; but he submitted with very good grace to answer a few queries. He said he couid not give an elaborate opinion of the President’s veto, as he had not even read it. He was so interested in a book which he ‘was reading that he had paid but little attention toit. He tnought it would be one of General Grant’s most popular acts. He bad expected that the President would approve the bill, but was very glad that he was mistaken in this opin. Some People sneered at General Grant’s ability and thought he was 8 jool, but they were greatly mis- taken. He (Mr. Seligman) had during the pavic conversed with General Grapt on the sub- ect of the iron production of. the coun- jtry, and was amazed at the thorough know!l- ‘edge which he exhibited on that occasion. Among the Germans tmis act would be especially popular, as they were nearly all opposed to inflation. Con- gress would certainly not attempt to pass the bill over the President’s veto. Mr. W. E. Strong’s Opinion. Mr. W. E. Strong, of No. 36 Broad street (Sco‘t, Strong & Co.), thought the effect of the veto on the stock market would be rather favorable. On the Exchange the bill was regarded as tending towards contraction, They were apprehensive that the New York banks would be called on to supply the necessary reserve to the country banks, He could not tell whether the veto was received favorably in Wall street or not, a8 there seemed to be greet dirfe: ence oi opinion in regard to it. He was in favor of the bill, tor he thought the country re- quired this additional issue of currency. He did Dot think the veto would affect businéss toa very great exten:, as it provably would remain in the same state of uncertainty. Congress would probably irame a better bili grantung free bank- ing, but he was not so sure that it would also give the people specie payment, Statement of Mr. Cisco. A reporter of the HERALD yesterday afternoon called upon Mr. John J. Cisco, the banker, to ask him as to his views upon: the veto of the President upon the Senate's ination bill, Mr. Cisco satd:— There can be but one sentiment throughout tne country among men of sound financial views re- garding this action of the President, I don’t think that many can be found to aefend the policy of inflation.. The country bas money enough— greempacks enough. Making more of them would not increase the:value of anything, but the contrarys During the panic greenvacks were scarce, but that is no criterion, because then money was at a standstill. Those possessing it did pot Know which way to turn, and locked their money up. Now, however, money is plenty euough yor those having anything to give for it. There is, ai\all events, pleuty ior the usual wants of lite, But inflauon means more than this, and {am sure is discouraged by all men of any sound- bess in finance. Increasing the currency is a step in the wrong direction. It makes our position worse than it was. If inflation is the first step in dishonesty, inflation means ultimately repadia- tion. I think the President deserves great credit for what he has done, and I think the influence of the HERALD has been great in inducing him to take the course he has. The President, when the bill passed, was undecided what to do, He is nota man of finance, and he might not have seen the great evils to which his signature would condemn the country. This is the trouble of not having any sound financial policy in Washington. Since the war there ‘bas been none in reality. Simply pay- ing off the national debt has been the whole aim of the government in financial matters. But there is more than that to be considered—which the gov- ernment has not done. A wise financial policy would bave averted the panic; but it came, and now they seek to cure one evil by instituting an- other. I am glad that they led and that the President acted as he did. The Manager of the Clearing House. Last evening a HERALD reporter called upon Mr. W. A. Camp, the Manager of the Ciearing House, ft his residence in Fifth avenue, to gain his views about the veto, He said, in substance :—The Prest- dent has acted very wisely in vetoing the inflation bill, and has shown his good sense in so doing. It does not make any change to usin Wall street, for is leaves us where we were, but it will undoubtedly restore confidence in the country and prevent our securities from becoming depreciated abroad, Which they undoubtedly would nave been had the President signed the inflation bill, I am in favor of tree banking, with proper arraagements for re- demption. ALBANY APPLAUDS. ALBANY, April 22, 1874. The receipt of the news of he President's action in vetoing the Inflation bill occasioned consider- able talk at the Capitol. The leading men of the Senate—Woodin, Johnson, Wood, Ganson and Robertson—were unanimous in commendation of the course, the President pursued. They said he had added a brighter leaf to the lau- rels he had won on the fleid of battle by blocking the insane project of tie inflationists- They were decidedly wel: pleased, and, though it may coat Grant the loss of popularity in the West and Southwest, the republican Senators aver that im the long ran in less than a year from now—the people of these sections will not hesitate to eulo- gize the wisdom of his act. So far as the East and North are concerned, they say Grant will endear himseli to the people thereof as one of better sense and higher patriotism than ever ois admirers have given him creait of possessing. In the Assembly, General Batcheller and Messrs. Prince, Eastman, Spencer, Alvord, Lit i ted, Fish, Weed, ebe and others agreed in thinking that tne country has reason to rejoice in being delivered from the peril that inflation threatened. Men of both parties were united in the expression that the danger was imminent, and that the President is to be telicitated in snowin; so much of firmness united to & clear conception o} the exact duty which the counwy, as a whole, called upon him to disc Im: Tl ae the reassembling of the House this eveni! . C. S. Spencer asked unanimous consent to offer the following :— Resolved, If the Senate concur, that_as an expression of the sentiments of the people of the State of New York, their representatives in Legislature, assembled tenaer to the ident of the United States thoir heartfelt thanks for the noble position that he has taken in inter. osing his veto to a bill which they, believe, would have n detritnental, had it become a law, to the best juter- ests of the people of the whole country. Mr. Davis objected, ‘The SPEAKER said he would rule the resolution in order as a privileged resolution, in view of the fact that @ few days since the Rouse adopted resolutions, Which were torwarded to tne Presi- dent, asking him to take such action as it ap- rs he has taken in response to those resolu. ons, Mr, HamMond—Mr. Speaker, the House ts thin. I would ask, in View of the position the Chair is in, if he must necessarily rule arbitrarily? ‘THR SPEAKER—The Chair will not permit any gentleman to make any such remarks. Mr. HamMMOND—I have a right to my opinion. ‘THe SPEAKER—If the gentieman takes a position of that kind again the Chair will order the Ser- geant-at-Arms to take him in charge, Mr. ALVORD (rising to oppose the resolution) — The Speaker decided, under the rule, that it must lie on the table, PHILADELPHIA GLAD. ——_ PHILADELPHIA, April 22, 1874, No words can accurately describe tne feeling of tie buainesa vanalation of thia city unan receiving crowded aground the different bulietin boards, and in mavy instances the news of the oMmecial “back cap” elicited from the populace rounds of hearty appiause. The news came at an hour after which most of the banking houses had closed, but at the Union League, the Keform Club and in the hotels and saloons this one subject takes preced- ence of all the others. Ness Men indorse the action of the President, and are rejoiced at his veto put a small degree less than they were rejoiced over his victory at Appo- Mattox. Your correspondent this evening, after having been disappointed in arranging a personal interview, addressed a letter to one o! the most Prominent banking men of the city, the very indi- vidual to whom a special telegram from Washing- ton to-day sfates that President Grant has offerea the position of Secretary of the Treasury, and re- ceived the following reply :— “I consider tne action of the President as good.” REJOICING IN BOSTON. Boston, April 22, 1874. There has been the most intense feeling of gratitude to learn that President Grant had to- day vetoed the Inflation bill. The HERALD re- porter called upon Mr. Gray thia evening and obtained from him a free expression upon the merits of the veto by the President, Mr. Gray said:—“My impression is that this action of the President is the most important that we have had from the government since the close of the war. The effect will be good and the wisdom of the act will become ob- vious immediately. I think it will tend to give confidence, both at hime and abroad, in the strength of the government and of the nation. We were at the dividing line, hesitating on the ques- tion of travelling toward resumption or going in the other direction, toward tne unlimited issue of paper. [think that we have come to the turning point at whica we can take action, which will draw us towards resumption with regard to matters abroad. I think that it this action be followed in Congress by a declaration that on a fixed day, whether near or remote—my own preierence would be for tue 1st oi January, 1875—that then the legal tenders oi the nation should be paid every dollar of it in coin, and a bill should be passed amending the present Bank law, 80 a» to allow the increase of bank circulation to any extent upon the giving of ampie security and tne making of provision for immediate redemption on demand of all bank issues—then, I say, those two things hav- ing been dofe, I think thac you would find that the country would have as much currency as it required and security for all, Without the latter the former is useless. THE NEWS IN PITTSBURG. PrtrssuRG, Pa., April 22, 1874, The announcement of the veto by President Grant of the obnoxious Inflation bill was received m this city this alternoon with unmistakable signs of pleasure, especially among the merchants and banking men, who, meeting each other on the street, shook hands cordially. A merrry smile on all their faces told plainly of their gratification and approval of this Jast move oy the President. Not so with those closely identified with the iron imterests of Pittaburg, however, for the manufacturers as a class have stood nobly by those in Congress who fought for this measure through both houses, ‘They argued that the issue of $44,000,000 helped materially to break the effect ot the panic, and that a further increase of the currency circulation would be of vast benefit to Pittsburg, where there are so many Worksbops, and not only to this city, but to the country at iarge. It was not tobe ex- pected, they said, that the country could at the present time do business on the capital it had done it on ten years ago. [t had grown 50 vastly within that time as to render this an absolute im- possibility. INTERVIRWS WITH MANUFACTURERS. Your correspondent met Mr. Robert Anderson, of Anderson & Woods, steel manuiacturers, whose works are among the largest in the country, on Fifth avenne this evening, and accosted him with & remark about the veto o1 the Inflation bill. “ses,” said Mr. Anderson, “the general impression is that the iron industries are in favor of inflation, and s0 they are to @ certain extent; out | wil! tell you candidly that m my opinion an inflation of the currency would not benefit the in- dustries of which we speak. Indeed, I don’t think there wouid be a material advance in the price of anything. There was great ooposition in New York against this intiation measure irom the iact that Senator Scott’s amendment particularly atfected that locality, aud of course, as th» vill worked determinediy against the commercial interests of that city there was violent opposition to it, T speak forthe iron interests of Pittsburg when I say that it does not feel the least aggrieved over the veto of this bill by the President, although the coutrary is the uni- versal impression, The manufacturers, as ican see, are 10 be in no great measure benefited by an inflation of the currency. Indeed, I cannoc see how strewing more greenbacks through the land can remove the depression which appears so .geu- eral through the woria. If the $44,000,000 reserve had been issued two years ago, when the manu- factarers wanted it, then inflation would have been a blessing; but now it matters little to what extent the volume of the currency 1s increased. Last year 6,000 miles of railroads were butt; this year Not 1,000, and the tuture is not such as would cause any man engaged in the iron manulacturing business to exult. The depression in such indus- tries is not confined to this country, but 1t extends to England, even where the wages of the workmen are much less than those here. In conciusion I would state that in my opinion it would be a happy thing for the country if the present Con- gress would adjouro.”” ‘WHAT RICHMOND THINKS. RriowMonnD, Va., April 22, 1874, The announcement of the President’s veto was received here late in the afternoon and was at once bulletined. But it failed to create any excitement, There was very little re- mark, in fact, and the people appeared to take it very coolly. There has not been a great deal of feeling exhibited with regard to the matter in this city during the entire discussion, and it was at all times rather dificuit to decide whether Richmond favored or was opposed to 1n- flation. The people generally did not appear to fully understand the question, and they could not see how an increase of the currency could help matters here anyhow. There seems to be enough to meet all demands, and more coud not possibly have increased their power to produce or manufacture or do any more business than they are actually doing; indeed, so divided has been the feeling and views that white a large portion of the press has abstained from any expression of opinion, and treated the matter with periect indifference, one or two lead- ing papers have strenuously opposea inflation from the first. The Zaquirer and hoof this city both, however, favored it, but have not been over zealous in their support of the measure. Our public men are mostly conservative, and conse- quently have a dread of inflation in any iorm or under any pretext. PRESIDENT GRANT ALL RIGHT, The President has probably not made one enemy more or one friend jess than he had in Virginia b; bis veto, and doubtiess thousands who woul rather not make pubiic their opinions applaud his course in their heart of hearts. WHAT AN INFLATIONIST SAYS, The Enquirer was the most earnest advocate of the inflationists, and it will publish in the morning the loliowing remarks on the veto:— The President has vetoed the Finance bill, from which the masses of the people, the business men of the communicy, ‘and ‘cepectully ot the West and south. haa ho} to derive great _advautage to ait their industrial interests. whatever™ may the reasons § 6f President for exer- cising the veto power in this instance, it is evident that he haa run counter to the wants and wishes of the Working classes of the country. The money kings ot the Nortit are, of course, highly pleased. They have the satisiaction of seeing the great measure which they have so assiduously opposed crushed out by the Yeto after its passage by Congrow. And now with the Feins in their own hands, they are happy again atter their late trepidation. But let the people 8 courage and work on as best they may under mbarrass- ments, The currency question will be @ salient issue in the next national election. WHAT THE ORGAN OF THE BANKS THINKS. The Dispatch, which perhaps more generally re- resents the banking and financial interests of chmond than any other paper in Virgimia, says:— ‘The South is probably, better off with the veto than she would have been wiih the law, By itself it was no {tony added a small amount to the cur- rovided no way for supplying currency arises. A paper system to be good must the country loses no veto ‘will dis- stock gamblers, and West, of the Union with their that is @ grievance to the great i brightens the sympathies of that poweriul part cir friends in discomfture of the South and. that, wo hope, will be worth far more to us than any advantage that could be conterred by the bill. We take it that the veto does one of two things, First, it shows that General Grant has no hope Ola third term; and, second, that if he has, there is no chance tor him to be elected. REJOICING AT ROCHESTER. Rochester, N. ¥., April 22, 1874. The President's veto of the Inflation bill is re- ceived with universal satisiaction in this city. One hundred guns were fired this eveniug in hanar af the evant With scarcely an exception the prominent busl- | AMUSEMENTS. pe RAN, Italian Opera—“Fra Diavolo.” The bright, sparkling opera of Auber, with its popular melodies and martial numbers, was given at the Academy of Music last night, before a large audience. ‘he principal features were the prima donna and tenor, Licca and Capoul, im their ad- mirable Lnpersonations of the réles of Zeriina and Fra Diavolo, There is something indescrib- ably fascinating abouy the Zerina of Mme. Lacea, Coquetry and grace characterizea her acting. In the second act, the famous toilet seene was given with more than usual abandon and chic, and the irresistibly comic talents of the fair prima donna found full scope in it. There were many Provoking little features of novelty in this scene jest might, and ali those .rilliant points that only such aM accomplished artist coula bring {nto strong reliel Capoul acted the rove of the dashing beigana to perfection, and it may be regarded as his best impersonation in opera. His voice was not. in favoranie condition and at times was in- clined to flutter, buc the positive merits of the representation were so many and so prominent that one would be inclined to look over small Diemishes. After Lucca and Capoul thee was not much to admire in the performance. The two brigands, po and Giacomo, were represented by persons Whoseemed not to know anything about the rdles, and Lorenzo found & very uninteresting representative in Signor Boy. ‘The chorus showed marks of insubordination at mes, and nothing less than the experienced leader Kept them within proper bounds. In the orchestra one of the trombones was very xorsite and interieredin one or two places material with the: general excellence of his instrumental brethren. Where the music of an. opera is of a military character the glaring mistakes of oue of the brass instruments must naturally exercise a baneful influence. A matinée of ‘Lohengrin’ will be given to-dey, with Nilson, Cary, Campanini, Del Puente, Nannetti and Blum in tie cast. Miss Cushman’s Readings. A large and select audience assembied yesterday at the Academy of Music to welcome in its quiet way the great American actress on her reappear- ance before the New York public, Miss Cushman selected for her readings four scenes from Shakespeare’s play of Henry VIII, which gave her fullest scope for the display of great elocutionary powers, Although the “pomp and cifcumstance” of the stage were altogetver absent, Miss Cushman imparted s0 much color to the text that the attention of the audience was rivetted as the imaginary persons passed in review were created by the dramatic power of the reader. It was most interesting to watch with what delicate appreciation every thoaght of the poet found fitting expression, and with what suddenness the reader passed from the interpretation of the gentle, yet proud Queen Katharine, pleading with woman’s kindliness to the characterization of the subtle Wolsey, or tne blu’ King Harry. in each personation the assumption of character was complete, and in the King there remained no trace of the weakness of the woman. Every lne revealed at once the care- jul traiming of the scholar and the innete fire of dramatic genius. Time has swept away no particle of the youthiul power which won for cushman a jront rank among the dramatic geniuses of the world, and keeps her there when the contem- poraries that struggled with her tor popuiar ap- Plause and renown Dave mostly been gathered to their fathers, and even their names have ceased to be familiar, Amid all this wreck Miss Cush- man stands untouched by decay, as it the strength of character ‘which supported her in climbin to the pinnacie of dramatic fame enables her to set time at defi- ance, Admurable in all her impersonations, we confess to like her best a3 Queen Kathariue, for in that character we see her in all the completeness her genius, full of tenderness and but with the strength and priae which victue gives. It was perhaps more surprising to note how well the blustering Henry was presented and how thoroughly the woman was sunk in the reader; but in completeness and harmony the impersonation of Queen Katharine quite overshadowed ail other parts, Iu it the full gemut of the passions was swept with a pold and masterly but delicate hand, and whether piead- ing tor the people in the council scene or haughtily re using to be judged by her enemies, Miss Cushman’s ‘Queen Katharine,” though a weak and gentie woman, never for an instant lost the majesty of the daughter of a King. It was a remarkable performance, more intense in elocutionary power even than when given on the stage. Miss Cushman seems to concentrate all her power in her reading on the elocationary expression, which is more effective deprived ot ac- tion that sometimes is open to the charme of ab- ruptness, During the reading the audience frequently gave evidence of satisfaction, and at anes Aaa called Miss Cushman before the curtain, Musical and Dramatic Notes. Lucille Western appears in the Grand Opera House on May 11. Miss Anna Simon has a benefit concert tnis even- ing at De Garmo Hall. Mme. Brignoli is winning laurels‘with the Kel- logg English Opera Troupe. Mr. Alfred H. Pease has a concert to-night at Steinway Hall, at which Thomas’ orchestra, Miss Beebe and other artists appear. Oliver Doud Byron appears at the Grand Opera House next Monday evening, and, it is said, in new play called “Donald McKay.” s Mr. Tooker, manager of the Grand Opera House, announces the continuation of the popular Sunday concerts, with Di Murska as the chief feature. Among those in the boxes who witnessed last night the performance of “Fra. Diavolo” at the Academy were Campanini, Nannetti, Maresi and Salvini. The great tragedian had just returned trom Havana. Theodore Thomas’ orchestra play on Saturday evening, at Steinway Hall, a Mozart symphony, Brahms’ variations in 8 Haydn theme, the intro- duction to “Die Meistersinger” and Beethoven's seventh symphony. The Parisian Folly, which has emjgrated from the Lyceum to Nibio’s, is making a fair success in their new quarters. The quality of the entertain- ment is unusually good. “Masks and Faces’? makes a sénsation every night. The Metropol.tan has an irresistibly comic sketch, under the title of “Cheap Lodgings.” Itis full of genuine fun and keeps the audience con- vulsed over the adventures of a Celt and Teuton, who find themselves companions.in misery, Miss Clara Morris is having a good success at Mrs. Conway’s Brooklyn Theatre with ‘Article 47,!" ‘The manner of her performance of Mlle. Cora in this play 18 well known, and its excellence is very well supplemented by the acting of the members of Mrs, Conway's company. Mile. Tima di Murska, M. Victor Capoul and Downing’s Ninth Regiment Band are the attractions for the twellth Sunday concert at the Grand Opera House. The prima donna sings “The Last Rose of Summer,” “The Shadow Song” from “Dinorah!’ and gn aria from “The Magic Flute.” WEATHER REPORT. War D&PARTMENT, OFFICE OF THE CHIEF SIGNAL OFFICER, WASHINGTON, April 23—1 A. M. Probabilities. Over New England the winds will shift to southerly and easterly, with increasing cloudiness and at night rain. FoR THE MIDDLE STATES AND LOWER LAKE RRGIONS, FRESH AND BRISK WINDS, MOSTLY FROM SOUTHWEST TO NORTHEAST, INCREASING CLOUDI- ‘NESS AND RAIN, For the South Atlantic States cloudy and rainy weather, foliowed by winds veering to southwest- erly, with clearing weather. For the West Guif States, northwesterly winds and clearing weather, which conditions will grad- ually extend over the East Gulf States, Tennessee, Arkansas, Missouri and the Lower Ohto Valley. For the upper lake region and the upper Mis sissippi Valley northeast to northwest winds and generally Clear weather, except, possibly, light rain during to-day from Illinois to Southern Michi- The lower Missouri River, the Mississippi from St. Louis down and the lower Ohio, will continue slowly rising, but the upper Ohio will fall. The Weather in This City Yesterday. The following record will show the changes in the temperature ior the past twenty-four hours in comparison witn the corresponding day ot last touch: ioe at Hudnut’s Te. te 18a, 1874, 87-89 3:30 P. M. 338 886 60 4 45 9 at 36 60 12 ni6 Average temperature yesterday 4536 Average temperature for corresponding “date WAL YORE srceerseveeneveceaeerssecveneenennyy OTM ~ nS THE AMERIQUE. Suicide of the First Mats of the Unfortunate Steamship. Lonpon, April 22, 1874. Christia 0, the frst mate of the French steamship Amérigze, has committed suicide, FRANCE. Postal Treaty Making—An Austrian Representa tive Dangerously DL Paris, Aprii 22, 1874, It was reported yesterday that the Franco- American postal trewty had been ratfed by the French government. le report was premature. Negottations are, however, progressing. favora- bly. THE AUSTRIAN CONSUL GENERAL DANGEROUSLY ILt.. Baron Gustave de Rothsebtid, the Austrian Con” sul General in this city, 1s reported to'be Ganger- ously tll, SPAIN, Carlist Tactics Against Recusant Citizens—Re- publicans Marching Towards Bilbao, Mapnip, April 22, 1874, The Cartist General Saballs, commanding at Gui- puzcoa, has issued a proclamation decreeing the Punishment of death to all persons furnishing food to the cities: of San Sebastian, Kenterla and irun, THE RACK FOR BILBAO. The despatch from Pedro Abanto says an army of 5,000 republican troops are marching on Val- maseda, a town twenty-two miles from Bilbao, ACHEEN. The Ho‘landers Ropulsed, with Heavy Loss. Lonpon, April 22, 1874. Later advices from Acheen say the Dutch troops attacked an Achineese entrenchment near the Kraton, but wero repulsed, losing eight men killed and sixty wounded. MEXICO. Pearls, Oysters and Protection. Havana, April 22, 1874, Advices irom Mexico state that the pearl fish- eries of the Gulf of California have been divided into four seclions—one to be worked each year alternitely. A law for the preservation of the oysters in the Guif has been passed. Novel Mode of Exiling a Bevolutionist, Havana, April 22, 1874. Advices from Venezula to the 12th inst. say that Pulgar, the Governor of Maracaibo, had been com- pelied to flee from his province by the people, who revolted against bis despotic will. He fled to the island of Gruba, whence ne has since made bis way to Kingston. It is reported chat President Blanco has offered Bim the mission to France in order to keep him out of the country. CUBA. Insurrectionist Plunder in a Spanish Munici- pality—Severe and Fatal Action. HAVANA, April 22, 1874. ‘The oficial journals say the Cuban General Max- imo Gomez attacked San Miguel de Nuevitas on the 12th inst., succeeded in entering the town, and sacked two stores, but was driven out leaving ten of his men dead tn the streets. The Spaniards lost four killed and nine wounded. OITY IMPROVEMENT. Steps are being taken for the reconstruction of the Plaza Vapor. . Havana Exchange. Havana, April 22, 1874. Peas in fair demand. Spanish gold, 242 a THE STATE CAPITAL. Prompt Action om a Quick Transit Bill Triumph of Unlicensed Whiskey Deal- ere—The New Capitol Commissioners— The Governor's War on Special Legis- lation. ALBANY, April 22, 1874, ‘The Modocs of the Assembly were in the humor this morning to pass any kind of bill, After the work of last evening they must have felts sortof blasé indifference to public opinion. Cauldwell’s “quick transit’ bill was taken up and carried forward with a rush to a third reading. This billis for “a road commencing in the vicinity of the City Hall, and running thence through the blocks, crossing under the Bowery and keep» ing east of Third avenue to and across the Harlem River to the city limits at the Bronx River, together with a branch to the Grand Central Depot. The capital stocx is to be $10,000,000, but the corporation may start business with ten per cent cash paid in on @ subscribed capital of $1,000,000, The roadbed is to be depressed below the surface of the ground, and cross the interven- ing streets through arches of stone or iron,,and suitable fences shall protect children, chickens and clothes lines in the back yards.of the premi- ses crossed from being run over by the locomotive. The forfeiture bond 1s to be $200,000, same as the Third avenue. This planis yery similar to the old viaduct road contemplated by the exploded magnates of Tammany Hall, except that this dips below the gurface while the other was a solid ele- vated structure. It is well enough on paper, but do the corporators mean to build it? Here are the corporators names:—John Schuyler, W. J. West- cot, Thomas A.. Vyse, Robert Stuyvesant, Lewis B. Brown, Jonathan Edwards, Henry Lewis Morris, John T. Shelton, William Tracy, Wiltam C. Con- ner, Douglas Campbell, Jordon L. Mott, Eugene Schtemiin. INFLUENCE OF UNLICENSED WHISKEY SELLERS. An excellent Dill, introduced by Mr, Taylor, of Rochester, to amend the excise Jaws so as to give Boards of Excise in cities power to prosecute un- licensed dealers in liquor, a power which belonged to them under the law of 1857, but, through @ stupid blunder, was taken away last winter, came up for third reading in the Assembly to-day. The ‘unlicensed dealers of New York, 1,500 in number, formed un association to defeat this bill, and a jaded by Mark Lanigan, came to Albany Skene Cuachinery of the lobby. It was beaten through this influence, to the delight of the blear- eyed representatives of the New York bucket similar bill ts penal lature, « ee Ay ‘ made whiskey dealers of New York. THE SEVENTH REGIMENT ARMORY, ‘The bill to grant a site on Sixty-sixth street and Fourth avenue, for an armory for the Seventh re- iment, has passed at last. ey get & splendia Weation vo a ae M4 twenty-one years, rent of year. = BUSINESS IN THE SENATE, —__ vne vill defining the duties and jarisdiction of the Marine Court passed; also a bill to pave Worth street. The Supply, bill, On motion of Mr. Wood, ‘was taken irom the table for the purpose of being ordered to a third reading, and underwent the tm- rtant amendment, on motion oi Mr, Ganson, of aving $300,000 for the Buffalo Insane Asylum re- stored, in piace of $150,000, i THE (NDUSTRIAL EXHIBITION BILL passed the Senate so amended ihat when the com- pany subscribed $2,000,000 11 was at liberty to issue bonds for $30,000,000 more on its own indivi- dual hook. To-day, when it came up for third read+ ing, 4 motion was made and carried to nonconcur with the Senate amendment, and a Conference Committee was appointed to see about it. The mo- won was made by Mr. Alberger, who engineered the original imposition throu, the House last year be wiuch te Gly oC New Xork camag Maar DOL mulcted to the tune of $2,500,000, The result of this Conference Cor "i wit {nls Conference Committee will be looked for TWO VETO MESBAGES PROM TH: ERNOR. More of these trim little veto pach st may be expected trom Governor Dix bejore the seasion 1s over. To-day be vetoed the bill incor, rating che Howland College ior the education of women, om the grounus that the Legislature has conierred em the Regenia of the University the autuority to im- corporate colleges aud academics and to prescribe the requisites and conditions theretor. Pie ot veto, though putting an extinguisher on the St Ann’s Total Abstinence Society, is not to be com strued as @ mark of the Governor's hostility to the ‘Temperance movement, but rather as a toxen his disapproval of special legislation in at phases. ar, Peg a Sen ae ir. ey 01 - terest of the New York theatres, which have besa. sadly plagued of tate years by having their mag- nificeat pictorial bills of performance destroyed malicious bill has succeeded in hat act passed wi makes it @ misdemeaner for aay one to PB 4 obliterate or deface notices of theatrical performances, FINANCE IN THE SENATR. Mr. Wellmen offered @ concurrent resolntion re- meme our Senators and Representati jongress to take such action as may be neces- sary to procure legisiation for the relief of the banks of this te trom the present: @is- criminations: against them, and in of the pian tor free banking. and a nal Ci bie 2 as recommended by the rintendent’ the Banking Department in his lai to the Ley 7 to use their influence for passage of sucht Jews a8 mit presto tor @ tion of ree banking under State laws, with a ui form currency. This evening the bill for the consoitdation of the city and county of New York anderwent some Gm cuasion in the Assembly and was progressed, is” 38 a special order for'to-morrow,. r An old bul, which bas been coming up here fort years, to amend the’ Steam Boiler luspection passed in 1863, and te’ pwt money into the - of a ring, was defeated this evening. ‘The committees turned oat 7 A HEAP OF RUBBISH to night. Od bills that- bad been lost to a antiquated jobs with little life in them, came Hams, Next week a general overhauling will be made. In the Senate this evemmg Mr. Robertson re- ported, compiete ior third reading, the bill to pro- vide for the arbitration of mercantile disputes ia the port of New York. REMOVAL OF THE CAPITOL COMMISSIONRRS. A discussion whether a superintendent should be appointed to 100k after the New Capitol, im place of the present Commiasioners, or three mew commissioners be appointed, occupied the Senate some time. Mr. Ray moved an amendment for the removal of the present Commissioners, providing for the appointment of three commissioners by the Gov- eruor, who shall have sole control of the wor! the purchase of material, &c., all the material ai work to be let by contract to the lowest responsi- ble bidder. After a long debate the motion was carried— yeas 57, nays 12 The action of the Senate to-night will reflect om bray aera ies ‘Two of them are freed irom all blame. PERSONAL INTELLIGENCE. “ae Se Ea Rev. Dr. Fowler, of Utica, is at the Fifth Avemue Hotel. Adjutant General John F. Rathbone arrived from Albany yesterday at the Hotel Brunswick. ‘4 Inspector General R. B, Marcy, United States” Army, 18 quartered at the New York Hotel. Ex-Governor James EK. English, of Connecticut, 18 staying at the Windsor Hotel. Judge Charles Daniels, of the New York Supreme Court, is again at the Grand Central Hotel. Assemblyman George S. Batchelier, of Saratega, is stopping at the Gilsey House. Ex-Congressman T. M. Pomeroy, of Aubura, N. Y., is registered at the St. Nicholas Hotel. Clayton McMichael, of the Philadelphia Worth American, bas arrived at the Albemarle Hotel. Baron d’Offenberg, the Russian Minister, is a& the Hoffman House. Colonel Hannibal Day, Unitea States Army, ts among the recent arrivals at the Sturtevamt House. Henry Howard and P. Le Poer French, of the British Legation, have apartments at the Brevoors Honse. Adolphe Nones, French Vice-Consul at Porte Rico, is temporarily residing at the Fifth Avenue Hotel. fyeed gute yout ietre tat MALE HOSEY OF HOI HOUND AND TAK has a far larger sale than any other congh medicine. TIKES TUOLHACBE DROPS cure in one minute. A.—Citizens and Strangers Who Desire a fine and elegant HAT should cali at ESPENCHELD'S, manuiacturer, 118 Nassau street. A Lost Art of the Cowsars Restored— Angell’s Hot Air Roman Baths, 61 Lexington avenue, appetizes and invigorates before breaktnat, refreshes amd shalizes betore duiner, soothes and. tranquilizes belore reuiring. Ladies, day and evening; gentlemenevery dag and all night. A.—Brooks’ Boots and Shoes; the Largest. assortment in the city; new spring styles now ready; measured work @ specialty on Brooks’ Patent Lasts, Good and easy fits guaranteed at BROOKS’, 1,196 Broad way, corner Twenty-ninth street. A—The Leadt “Sprin Style” of GENTLE MEN’S HATS is KNOX'3, 212 Broadway. A—At Bassford’s, Cooper Institute, Core ner stores, zood plated Castors, $3 25; China, Glass Nonpareit Retrigerators; House Furnishing Goods equally low prices. The largest stock in the world. Send for « catalogue. A ear Meccan ater a Bt "8 N . Catan wa Wordorrs CATARRH ANNIBILATOR. A—The Cruelties Imflicted Upon Rap- tured persons by the horrid springs, ““ingerpads’’ the iron HOOF. truss blacksmiths are astounding. The ELASTIC TRUSS, 683 Broadway, retains and soon cures rupture. A.—Perry’s Moth and Freckle mer for brown discolorations of the face; also his tmpro' COMEDONE AND PIMPLE REMEDY, the great skin medicine for pimples, blackhead or fleshworms. Obtain of vour druggist, or B, ©. PERRY, the noted skin decter. 49 Bond street, New York. All Persons Cog id Las rae Lest Ite ney. scl the coloration of their tee:h have fury to brug them every day. with FRAGEANT SOgO- DONT in order to remove the blemish. Batchelor’s Hair Dye ts | Splendta— N ils, Establishe Ars. and pr applied at BATCHELOR'S Wig Factory, 16 Bond st. aad Shoes for Ladies, Mi cntiemen and boys, all styles and prices, at MILLE r’ ©0,°8, No, 3 Union re. sq Bedrooms Furnished in Newest De= slgns—Redsteads, Dressing Cases, Atmolres, Chidonlers, TER Ts & CO. 80 and 88 Broadway, opposite Blew enth street ere C. W. Bender, 145 Broadway, Cured by Dr, FITLER'S RHEUMATIC REMEDY, a sworn cure for Rheumatism, Neuralgia and Nervous Diseases, 2 John street. Every Horse Owner Should Have GILES £ CO.'S LINIMENT IODIDE AMMONIA; cures Jameness, removes splints, hard swellings of the bones er joints, windgalis; warranted. Depot 451 Sixth avenue. For the Baby.—Novelty Carri Per- MBULATORS, $8, Send for circular. LEW!s P. TI. ALS 812 Broadway, opposite St: Nicholas, Glandular Swellin; Tumor, Rhea- ranted: WILLIAM M. GILES & matic Gout—Care wai CO.'3 LINIMENT IODIDi AMMONIA Depot 451 Sixty avenue. Giles & Co.’s Liniment Iodide Ammonia, gares Neuralgia—Price Sie. and $1 per vox. Sold by alt roggists. Fhe Untied brates Chreute Court has decided in e Uni iret Vou! is of the Philadelphia (Gerdney Fire Bgtungataner Som pany the suit ronan against them by the Babcock Patch invalid’. cortined copies of the opinion of valid. bed) oan Pe hed pee Clerk ot the United states Circuit; Jourt at le. PHILADELPHIA FIRE EXTINGUISHER COMPANY, DELPHIA Fite Walnut street, Philadelphia. “Iron-Clads,” a Strong, Serviceable Shoe, for boys and youths, CANTRELL, 239 and 241 Fourth av., near Ninetesnth st Patent Wire Signs and Banners Manufactured by HOJER 4 CO, Painters and Destem ers, 7 Duane street, New York. Rupture—Dr, Marsh, Late of Marsh 4 CO., caw be consulted in rooms 18 and 19 Astor House. (No'connection with No. 2 Vesey street until May 1) William M. Giles & Co.’s Liniment IODIDE AMMONTA cures all kinds of Sore Throat, Dippy. theria, 4c. Depot 451 sixth avenue. Wedding Invitations—New Style Rep Paper. very ort Foreign Note Paper, Nonsarame Crests aud gonoral Engraving. RDELL, 902 Broadway. PUBLICATIONS. “Ty REAL GENTLEMAN MAY SEB HIMSELF IN THE: A Pee caer PHRENOLOGICAL JOURNAL; How" 9 Govern and ig Child; # Stus my, ac. ao ELLs ;, U8o ay, A —"“OBSERVATIONS ON NASAL Mpg ange . t on dance, tyra. Des Inte Clinioal mson, Medical’ Coll inthe University , College, Hawt Seventesnth street, withamoes treatin Catarth is the result of many venteenth streot tion, and we ve itis the ont: "9 y believe itis the only inated by" ean be purmananie Autre, aed OUCORL ium ene.