The New York Herald Newspaper, March 11, 1875, Page 6

NEW YORK HERALD ™ **" BROADWAY AND ANN STREET, ” JAMES GORDON BENNETT, PROPRIETOR. NOTICE TO SUBSCRIBERS.—On and | after January 1, 1875, the daily and weekly editions of the New Yorx Hezarp will be sent free of postage. THE DAILY HERALD, published every day in the year. Four cents per copy. nual subscription price $12. All business or news letters and telegraphic Gespatches must be addressed New Youx Huaarp. Rejected communications will not be re- turned. Letters and packages should be properly scaled. LONDON OFFICE OF THE NEW YORK HERALD—NO. 46 FLEET STREET. Subscriptions and advertisements will be received and forwarded on the same terms as in New York. VOLUME XLe---rcereccercescscerncsceceneoses NO, 69 ———— OOOO AMUSEMENTS TO-NIGHT. MES, CONWAY'S BROOKLYN THEATR ber .—VIRGINIUS, at 8 P. M.; closes at rt PM ,. Sonn McCullough. woop’s MUSEUM, wa { Thirlesh street—THE MoFAD- BENS EE Wee cloees at 08 P.M. Matinee at2 P.M. OLYMPIC THEATRE, £24 Broadway. —VARIETY, at 8. IL; closes at 20:05 ROBINSON HALL, th street and Broadway—CALLBNDER'S GBORGIA MINSTRELS, at 8 P. M.; closes at 10 P.M THEATRE OOMIQUE, Fae trcetway—v Aer, at8 P.M; closes at 10:45 TONY PASTOR'S OPERA HOUSE, toy Bowery.—VARIETY, at 8 P. M.; closes at 1045 METROPOLITAN MUSEUM OF ART, West Fourteentn street—Open from 104M. to5 P.M ROMAN HIPPODKOME, and ASS Aas street.—CIRCUS, MENAGERIE, atternoon and evening, venue iG AND Blanca BROOKLYN PakE THEATRE, | ba al avenue.—VAKIETY, at 8 P. M.; closes at 1045 BRYANT'S OPERA HOUSE, third street,near Sixth avenue.—NEGRO West Twen: MINSTRELSY, ac. at 5 P. M.; closes at 10P.M Dan Bryant GERMANIA THEATRE, Fourteenth street.—GIROFLE-GIROFLA, at 8 P. MA: Blosesat 1045 P.M. sfiss Lina Mayr. Broad Fi wane ‘Toute GtROPLE-GTROFLA, wray.—Frencht Opera Bo NEE. Mey closes at 10S. M. Mile. Coralie Geoffroy. NIBLO’S, ESTrw 2 AND CREESE, at8P. M.; closes at Ww P. E. Eddy. FIPTH AVENUE THEATRE, Prete set and Beosdvay = Tee BIG, BO Mr. Lewis, Miss Davenport, Mrs, Gilbert. BORG: at8P. M.; closes atlv45 P.M. Mme. Bistori GRAND CENTRAL THEAT! bg a Broadway.—VARIETY, at 8P. M.; closes at 1035 ie ee ae pon HBNBY at ie closes atli P.M Mr. Rignola SAN FRANCISCO XINSTRELS, oye Broadway, corner of Twenty-ninth stree ano MINSTRELSY, at P.M: closes at 10 P.M TIVOLI THEATRE, ten street, betwe cond and Third sverues— -ABIETY, at P. M.; x WALLACK’S T HEATRE, Broad’ 1—THE SHACGHBAUN, at 8P. M.: closes st Ww ¥. Mr. Boucicaait: TRIPLE SHEET. KEW YORK, THURSDAY, MARCH ll, 1875, From our reports this morning the probabilities | ere that the weather to-day will be warmer and partly cloudy. Wart Srazer Yesterpay.—Gold advanced to 115}. Foreign exchange was qniet. Money on call was quoted at 2} a 3 per cent. Stocks were active and firm. Tue investigation of the Stockvis case con- tinues with painful interest. | pe sein ae | Te Crearer the Big Bonanza stocks the | dearer they will be in the end. Maron Wickuam has the verdict of the Coroner’s jury on the Duane street disaster. | [t is a good time to show us a little of the | spirit of Andrew Jackson. Tue Sznatz yesterday had a forlorn dis- cussion about Pinchback. We print else- | where as brief a report as possible. There is not enough of Pinchback to make him a topic of general interest now. | | We Have a strange and not very probable story about a negro barber in Georgia shoot- ing himself because the whites would not fecognize the privileges he had acquired under the Civil Rights bill. It is safe to as- same that the example will not be followed. Tue Rerosgr we print of the Darien Canal Ex- pedition will be read with much interest. From this we learn that the surveys of the isthmus | of Commissioner Van Nort, and he illustrates always been rude, domineering, corrupt and | tre made with great rapidity. At the present time the Nicaragua ronte seems to be in favor. | But, of course, we must wait for the conclu- | to dispense the patronage of the most im- best is the government which serves best the | sion of the Panama surveys before we come to s decision. The prospects are encourag- ing, and the result will be known in a few | over the whole fieid of national politics, to listen to his counsels, and overthrew him | | as Governor Tilden does in the interest of his weeks. | Tae Brecuer Tarat.—Oliver Johnson was the principal witness in the Beecher trial yesterday, and made a favorable impression, we should imagine, from our reporter's observa- tions on the trial. From the number of ques- tions asked by Mr. Evarts and denied by Judge Neilson, it would seem that the Judge is disposed to put some limit to the scope of Ane) Hampshire Election—A Check and Warning te the De- mocracy. The complexion of the news as given by later reports is somewhat different from the first returns published yesterday. It is toler- ably certain that there is no election of Governor by the people; but there is no | tor doubt that Cheney, the repub- lican candidate, has come considerably |mearer to an absolute majority this year than Weston, the democratic candidate, did last year. Instead of new gains the dem- ocratic party has experienced losses in the opening election of the year. This untoward result is in spite of grent advantages. It is | the tendency of a political revolution to in- | creasé in strength as rivers broaden in their onward flow, unless the causes to which the | revolution is attributed cease to operate. But | is it the democratic sentiment that the repub- | lican party has amended within the last | year? On the contrary, the democratic organs have been daily svowing that it bas gone on from bad to worse, constantly doing things which should more and more alienate the respect and undermine | room the confidence of the country. From a demo- | cratic point of view—and, indeed, from every correct point of view—the action of Grant and the mensures of Congress since the beginning of the late session have out- stripped and overtopped all the preceding blunders of the administration party. The “banditti’? policy in Louisiana and the bold military interference with its Legislature roused general indignation, and eminent re- publicans, like Mr. Bryant and Mr. Evarts, came before great public meetings to de- nounce it. The Force bill, which passed the House and failed in the Senate only because the demccrats stood ready to defeat the Ap- propriation bills by filibustering against it, and which would have been signed by the President, who unequivocally favored it, is a bad measure, to which the party stood com- mitted, and which the democratic press has held up to public odium as subverting the most sacred principles of the constitution, should naturally have dam- aged the republican party. We will not proceed with the list of recent republican mis- deeds against which the democratic party has sought to rouse and agitate the country. Judging from the tone of its newspapers, the republican malversations since the meeting of Congress ought to have given a new and irre-@ sistible impetus to the great political revolution set in motion last year. Even apart from these fresh topics of denun- ciation, the reaction should have gathered in- creasing strength. The effect of great party victories on subsequent elections is, perhaps, the most strongly marked feature in our poli- tics. The overwhelming democratic successes in the autumn elections last year should naturally have borne fruit and have madesplen- did democratic triumphs this year compara- tively easy. Now, how are we to explain the extraordinary, the almost enigmatical fact, that, with all these great advantages in its favor, the democratic party has lost ground in the opening election of the present year? How does it happen that a rising party, with every element of success apparently in its favor, has forfeited such magnificent chances? The explanation is not difficult In places where the democratic party has gained power it has not made a wise use of it, When the country has become dissatisfied with one party it is disposed to give its rival a chance. Bat if that rival has a character to redeem the people watch it with sleepless vigilance. They do not wish to ‘jump out of the frying pan into the fire’ When the democratic party got control of the New Hampshire State gov- ernment last year they acted in the narrowest | spirit ot debased politicians. The action of their Legislature last June was a public scan- dal. abuse it it justly forfeits every title to public confidence. The uses which the democracy | have made of their ascendancy in other States | has not inspired respect. Even here in New | York, where the party won its greatest tri- umph, it has not satisfied public expeciation. The people do not see that they are better off under Governgs Tilden and Mayor Wickham than they were under Governor Dix and Mayor Havemeyer. There is no improvement either in the State | government or the city government. The State Executive and city Executive got once | into a muddle and are so ut loggerheads as to | Spain, and Serrano, the old Dictator, must | create a notorious deadlock between Albany and New York which turns the “home rule” of their platform into derision. The Goy- ernor refuses to approve the Mayor’s removal of Corporation Counsel §mith because he wishes to control the appointment of Mr. Smith’s successor—a matter in which the law gives him no shadow of authority to inter- | meddle. The Mayor wants to get rid of Comptroller Green, but the Governor fears | that his consent would injure his Presidential prospects, and “home ruls” in this city is made subordinate to the national campaign of 1876. The Mayor gets achance to make an independent appointment by the resignation his singular devotion to the principle of “home rule” by importing a resident ot New Jersey portant office in the city government. In- stead of extending his political view personal ambition, Mayor Wickham disre- gards ‘home rule’’ and the broader interests of the party by appointing a citizen of an- other State, against wnom the republicans can plausibly say that he was disloyal to the Union in a great crisis, and who rests under the sentence of a court martial which dis- \ifies him for holding any office under the United States. For our part, we have no q phytes who came over to it last year. These new recruits from the republican ranks are easily repelled by any seeming indorsement of men against whom they formed unfavora- ble opinions during our great contest. It is too obvious that the permanent success of the democracy depends on their gaining and holding reinforcements from the party which kept them so long in a minority. A sagacious policy would preclude them from putting forward men who were made peculiarly odious to the republicans during the war, and thus affronting,old prejudices. Instead of this, it is the clearest dictate of prudence to welcome and promote men of ability who had a strong original hold on the republican party. Asa conspicuous instance of the mistakes made by the democratic party, we may mention its substitution of a small rebol general for United States Senator in place of Oarl Schurz, who held every valuable principle of the dem- ocratic party, and who would have been a bond of connection between it and the re- When a party acquires power only to | publican converts who are necessary to its success, Had Mr. Schurz been re-elected Senator from Missouri and sent to New Hampshire, in place of General Gordon, to speak in this campaign, he might have saved the democratic party from this mortifying reverse. There are other similar instances of democratic mistakes in the election of Sena- tors, but we will not refer to them now. The lesson of the New Hampshire election, if the democrats would have the good sense to receive it, lies on the surface. They must avoid, in the interest of the South as well as their own party interest, their irrepressible tendency to Bourbonism. It is a sentiment that does not take with the country. The people desire a change of policy, but they are not willing to purchase it at the heavy ex- pense of renouncing convictions which they cherished during the war. The democrats have presumed too much on last year’s elec- tions. They foolishly accepted them as a carte blanche to do anything they pleased, and are brought to a sudden and salutary check. They must make a better use of such power as they have gained it they hope to be in- trusted with more. Ifthe republican party repudiates Grantism it has more than an even chance for carrying the next Presidential election. The republi- cans of New Hampshire had the sagacity to denounce the third term in their platform, and it the party in other States takes equal pains to separate its political fortunes from the personal fortunes of President Grant it may, perbaps, recover in 1876 all it lost in 1874. A Morro ror Wain Srezer—Beware of Big Bonanzas. John Mitchel. The latest mail advices from London con- tain a report of another debate in the House of Commons on the case of John Mitchel. A motion was made by John Martin, M P., calling for papers to show that the jury which tried Mitchel had been packed, In this speech Mr. Martin made an earnest appeal in behalf of a separate Parliament for Ireland, the same as is now possessed by Canada and Australia, The government replied that it could not produce the papers, and that it would be a bad precedent for the House of Commons to try over again a constitutional question which had been decided by a court and jury in Dublin. A notable circumstance was the speech of Mr. Smyth, who declared, from his own knowledge, that the statement that Mr. Mitchel had broken his parole, in | escaping from Australia, was untrue. Mr. Mitchel has in the meantime delivered a lec- | ture in Cork upon Irish politics, He was so | feeble that he could not read his address, an | office which was performed by a friend. It seems to us that Mr. Disraeli could do no more magnanimous act than to pardon this | lonely, feeble old man. His offerice was com- mitted nearly thirty years ago. Since then he | bas been a convict and in exile. His offence was altogether political. Even if he were elected to the House he would soon be lost and forgoiten, if not trampled down by the younger and more strenuous men who lead the Irish party in Parliament. As great a | government as England can afford to forgive the political offences of a past generation, As shrewd a politician as Disraeli should not | make a martyr of an opponent. | ‘ Alfonso and Serrano, | The meeting between Alfonso, the King of | have been interesting. Serrano was the favorite of the Queen, Alfonso’s mother. She raised him to power, rank and fortune. He served her so long as the service was profitable; and yet it was through him that the revolu- tion which led to her overthrow succeeded. The exile of the Queen's family and her abdication are the work ot Serrano. The fact that he should accept as a sovereign the sonof the woman he overthrew leads us to question the sincer- ity of the reconciliation. Serrano belongs to the worst class of modern statesmen. His ‘rank represents favoritism, his policy has He has been simply a soldier of | The government which suits him arbitrary. fortune. interests of Marshal Serrano. He served | Amadeus so long as that King was disposed | when he proposed his own policy. He returned to Spain and offered his sword to Castelar for the purpose of suppressing the intransigentist | rebellion, and by his influence the Republic | was overthrown by the point of the bayonet. He will support Prince Alfonso just so long as it suits his ambition. Serrano, however, is so | well known in Spain that we question whether his influence is as powerful now as it has been. | The men who surround the new King are not the inquiry. There are only two witnesses qoubt that General Porter has been hardly | his friends, and he has betrayed so many we care to hear now—Mr. Beecher and Mrs. | geait with; but it is no part of the daty of | canses successfully that they will scarcely Tilton. pon adios la ¥ of Now York to redress his griev- | give him an opportunity of betraying that of | A Despatcn from Cleveland announces that | ance pecially when such an act is certain | the new monarch. convention will be held in that city to or- | tot yinted to all over the Union as a proof ip pieciaaaeat ET a Bie Be ganize a “greenback” party. No names are ot th » fellowship of the demo- A eed oer ee given and we are ignorant of the men who | cratic with mon who are a burden to be | Stocks — - propose this new movement. But why limit | carried and not an accession of strength. ‘Turre are enough of us interested in the the platform to greenbacks? Let us have | Mayor Wickham, ot course, did not reflect on | water we drink to make the reports we else- oyster shelts as money. The oyster shell is | the hostile partisan use which could be made re print of the Croton supply especially much more attractive than the greenback. | of such an sppointment, itcan nevertne- intere Protessor Chandler, of the Co- Its exterior is rough and homely; its interior | less Be wielded with damaging effect agaist Innbia College School of Mines, testifies that soft and pearly and white. Make oyster shells | legal tender ond the laboring man could take | @ bunch ate restenreat counter and carry home | the use which the democracy have made of the democratic party. Outside ot New Hampshire and New York, Croton not unwholesome. Dr. Doremns confirms thie opinion. We have no hesitation in recommending Crofon to our r is the shells ssa net gain tohis income. We | their power has not been calculated to | readers asa much more wholesome beverage atrencthen tha confidence of reonblican neo- | than that which so many peovly fancy. rm nd is Lee tn the naw annvantion. | | NEW YORK HERALD, THURSDAY, MARCH 11, 1875.—TRIPLE SHEET, Big Bonanzas. The details of the failure of the Big Bo- nanza bubble in Nevada are not pleasant read- ing. The manner in which this artificial speculation was created is an old story. Some daring operators obtained possession of the shares of an ordinary gold mine. Stories were slowly thrown into circulation to the effect that it had suddenly developed incredi- ble richness, and contained gold or silver “enough to pay the national debt.’’ There were gorgeous narratives, rivalling in their coloring the sturies of the ‘‘Arabian Nights.” As is always the case in these transactions, the poorer classes—who had put by savings fora rainy day, and who had resisted the oppor- tunities of investing in government bonds at a modest five or six per cent interest—rushed in and sbsorbed these mining shares. In time the reaction came—the Big Bonanza was found to be only an ordinary mine after all. Those who had owned it were rich in the money they had taken from the people, and the people were robbed. We had another Big Bonanza some three or tour years ago in the “diamond mines."’ Some miners reported ina modest way that they had discovered a ter- ritory in Colorado, we think, where diamonds and precious stones were as thick as pebbles. Suddenly a company was formed with a capi- tal of many millions of dollars. We do not know how many shares were sold in these ‘diamond mines’’ before it was found that the precious stones had been placed there by the ingenious gentlemen who had started the company. They had been purchased in London for this very purpose. The Emma silver mine was another Big Bonanza. Here was an ordinary silver mine in Utah— not very good, we suppose, and not very bad—which, by the assistance of a United States Senator, a United States Minister and the American financial agents in London, was sold to English clergymen and widows for five million dollars, We suppose one hun- dred thousand dollars would have been a good price for the mine at the outset. It has faded away. The original owners of this mine are rich, but those who bought the shares, as a Big Bonanza, and can with difficulty sustain the loss, may struggle on as best they may. We had Big Bonanza speculations during the petroleum excitement, and companies were formed to pay a thousand per cent a week, and which failed as soon as the di- rectors had ‘placed the stock.” Every year or so we have had these same phenomena, until we have come to the conclusion that the human mind is subject to Big Bonanza de- lirium as the body is to fever and ague in malarial districts. And this is not only true in the present generation, but has been so in the past, as shown in the John Law Mississippi scheme, the South Sea bubble and the tulipomania. Jay Cooke failed because he tried to sell a Big Bonanza in his Pacific Railway. The ‘“busi- ness prosperity’ that comes from the Big Bonanza excitement is like the activity that comes from fever. It is unhealthy and leads to prostration. In Wall street to-day we have the Big Bonanza feeling, as shown in the transactions in a great many stocks that havo no value except for speculation. Just now wearein the height of 9 Big Bonanza weck. We read down the stock list and find thou- sands of shares sold at varying prices. If they were really valuable thay would be cheap, but if they have no value they must neces- sarily be dear. Take the transactions for the last few days, aud the tendency of the street has been to deal in Big Bonanza. “Activity” of this kind must certainly lead to disaster. for sale in Wall street that could be properly purchased by prudent investors. The stock list is full of honest and remunerative invest- ments, first mortgage bonds of good rail- roads, shares of dividend-paying stocks, State bonds, New York city bonds, shares in bafiks and other good corporate institutions. A busi- ness activity based on purchases of this kind is a sure sign of prosperity and heaith. But a business prosperity founded cn the Big Bo- | nanza of unbuilt railroads ; of other railroads robbed by inside corporators and left stripped | and bleeding ; of still others covered with four or five mortgages, and which neither pay in- terest on their bonds or their stocks; of yet others which have been robbed ot their land grants and subsidies by Crédit Mobilier rings and which now lie abandoned on the prairies, slowly rusting into oxidized iron; com- panies plundered by speculators and whose very name is 8 synonyme of corruption | and disgrace—these are the mines, the Big Bonanzas, of those who handle Wall street. Of course, so long as these desperate specn- lators, whose aim is to make money no mat- ter how it is made, buy and sell these shares from each other itis none of our business, But the danger is that the outside public, the people of limited means, who are unused to tne devious ways of Wall street operators, and who are too prone to follow a Big Bo- nanza when they hear of it, will be drawn into the street and made to suffer in these foolish investments. There never was a time when business opened witha brighter outlook, when there was a better tone and higher reasons for hopefulness, For this, and be- cause we believe in @ prosperous spring, there never was a time when, more caution | was necessary in dealing in bonds and stocks. Now is the opportunity for prudent men to mako good invest- ments because most values are down, and in time they must certainly rise. But what we desire to do is to warn our readers, not against honest business transac- | tions in wholesome enterprises, but against | tollowing the Big Bonanza of the stock- jobber, which is now having a mad career | in Wall street, and which, unless checked by | the common sense of the people, will end in sure disaster. Tur Bra Bonanza excitement in Wall street may be described as a kind of financial chills and fever. It is malarious, enervating, ' contagious, and may be avoided by prudence, good habits and caution. Pr Tue Bounty Bin axnp Mr, Wrusos.—We print elsewhere a communication from a Sen- ator of the United States, explaining the course | of Mr. Wilson, the Vico President, in signing | the Bounty bill. So far as the motives of the Vice President are concerned, no one will for a moment question the entire integrity of his | action. So faras the law influenced his action as Vice President, the case presented by our correspondent seems so strong as not to admit of discussion. At the same time the conntry There are a multitude of interests | | will approve the action of the President in destroying this pernicious bill, and regret that Mr. Wilson, when the time came for | his casting vote as Vice President, did not make as commendable a record. We bave seen no reason in favor of the measure that was not entirely demagogical, and the Pres- ident, in declining to sign it, commended him- self to the best sense of the country. The St. Andrew’s Church Calamity— The Verdicts of the Jury. . The Coroner's Jury in the St. Andrew's church disaster yesterday brought in in effect three verdicts, One, signed by ten jurymen, finds (1) that the Ohbief of the Fire Department and his chief of battalion in charge are censurable for inefficient discharge of duty in not throwing down the west wall of the Shaw building before leaving the fire on the 12th of January; (2) that the Department of Buildings has been guilty of a violation of duty in having neglected to have the wall re- moved or made entirely secure in the forty- four days that intervened between the fire and the date of the calamity, as well as in having failed to warn persons in the immedi- ate neighborhood of the danger; (3) that the architect, John B, Snook, erred in judgment in not having taken additional precautions for the security or removal of the dangerous portion of the wall, and recommends the Mayor to make application for such amend- ment of the Building law as will secure adequate means of egress from public build- ings. Another juryman indorses this ver- dict, but adds on his own account an additional censure on the construction of the gallery stairways and the inward opening doors of St. Andrew’s church. The re- maining jurors give a separate verdict con- demning the construction of the doors and stairways, finding that the chiefs of the Fire and Building departments and the architect “erred in judgment’’ in allowing the wall to stand, and placing the heaviest blame for ‘gross carelessness” on the contractor for rebuilding the Shaw building, The duty of the Grand Jury and of the Mayor in this matter is very plain. So far as the former is concerned, indictments should be found against all who are de- clared to be in any degree responsible for the calamity,’ and each should be left to meet the charge ina court of justice before a petit jury. ‘The measure of culpability will then be properly determined. The Mayor has now no choice but to act immediately on the evidence and the vefdict, and to remove the Superintendent of . Buildings. If it is really necessary under the law or under the singular interpretation put upon it by Governor Tilden to go through the farce of formal charges and # hearing, the notice to the Superintendent should be short, the trial should be pushed without a moment's needless delay and the certificate’ of removal, with the evidence, should be promptly sent to the Governor. We can understand why the Mayor should hesi- tate to make removals while the Governor holds those he has already made in his hands and neglects to pass upon them one way or the other. But this is an exceptional case, in which even Governor Tilden will see the necessity of decisive and speedy action. The Chief Engineer of the Fire Department is in the hands of the Fire Commissioners, them- selves under sentence of removal. But the head of the Building Department, who is at once ignorant of the law under which he serves and. criminally neglectful of his official | duties, is in the hands of the Mayor and Gov- a single unnecessary hour in a position for which he is so glaringly unfit. In Deattna in Big Bonanza stocks the buyer should remember that the more he pur. chases the less he owns. The Republic in France. Organization of the government, in view of the new laws, proves rather a topsy-turvy | game in France, Two days ago we had the | names of o new Ministry, and twenty-four | hours later the announcement that it could | not hold together ; that the Bonapartists had | broken up the combination, and that Mac- | Mahon would resign, and now we have ao | rumored coup d'état, also, of course, operated by the ubiquitous and omnipotent Bonapart- ists. From all of which it appears te be felt by the patties that the organization of a Min- istry on the present occasion is a critical event, and one to be defeated at any cost by every interest whose claims are not satisfac- torily recognized in the combination. The despatches announce that M. Buffet has at last consented to enter the Ministry as Minister of the Interior. This would seem to be a solution of the present difficulty. M. Buffet has been President of the Assembly, and is conservative enough for the monarch- ists as well as honest enough for the republi- cans. Léon Say bgcomes Finance Minister— a most excellent man—while M. Dufaure as Minister of Justice will satisfy the republican sentiment. M. Wallon goes into the Cabinet, and, as the mover of the resolution which | proclaimed the Republic, his name will give | strength to the new government. The Duc | Decazes remains in the Foreign Office, to the satisfaction, let us hope, of Bismarck, while General de Cissey retains the War De- partment. Bonapartists, monarchists and republicans all recognize that, in view of the very substantial advantages gained by the latter party in the recent legislation, the Ministry to be now made is of supreme importance. It 1s made up of men | of capacity, who, if not all of them republican by conviction, are men of such sterling political honesty that, taking office | under republican laws, they will sincerely en- deavor to give effect to the intention of those laws. In sucha case the republican system | will get a fair trial, and in all likelihood be a grand success. If the Ministry had been | composed of men determined against the Re- public, either by predilections in favor of the | empire or the monarchy, then the new laws would be administered in such a way as to | secure their defeat, and the republican system would once more fail and go down. This is the great issue, theretore, upon which the present Ministry turns. Another t piece of good providence seems to have failen to France in the acquisition of such o | Ministry as we announce this morning. It | is the best combination yet made at any time since the cataclysm of 1870. Every name in | it is that of a man of exvorience, of fair ernor, andshould not be permitted to remain | | to print any matter in an official and appar —_——_—_—_—$—$—$—$—$—$—$_$— aaa talent and of sufficient honesty for the occa, sion; and it has the great merit of be ing without extravagance in any feature. An earnest of the good faith of the new Ministry is seen in the report from Paris that M. Dufaure has drawn up a programme electing the new Senate in September, disscly. ing the Assembly in October and removing martial law from all of France but the revo lutionary districts of Paris, Lyons and Mar. seilles. If this programme is adopted it will show that the Republic has been accepted by MacMahon in good faith, Rapid Transit. The proposal of the Metropolitan Rapid Transit Railway Company to build a railway from the Battery to the Harlem depot has taken official shape, and the people are asked to subscribe for bonds to enable the owners to complete this work. -4s we have said on so many occasions our policy is to support every scheme of rapid transit until we get the right one. This road will suit us as well as any other if the m@agers are honest in thets scheme and do not mean to trifle with the People, as so many railway corporations have done in the past. Its projectors propose to build an elevated railway with two tracks, and to have it constructed in from six ta twelve months, We see no reason why ths company should not accomplish it. At the same time the plan that should be considered now is the connection of the Greenwich street Elevated Raik way, which is now running, with thi Harlem depot. We see no reason why a road could not be built on Forty-fourtl street, for instance, connectingethis line witl the Harlem depot, or why it might not eves be run along Thirty-fourth or Thirty-second street, connecting with the tunnel under Parl avenue, which could be used by steam en. gines. The truth is we have rapid transit, in one direction, from Thirty-fourth street to the Battery, and from Forty-second street to West chester, in another direction. The problem of bridging this small space is so simple thai we marvel there should be any delay about it. Let us take what we have, complete it and then assist our friends of the Metropolitan Rapid Transit Company and all others whe have honest railway schemes of rapid transit, tive Printing Office The firm of Weed, Parsons & Oo. is well Imown in Albany. Its name figures promi. nently in the supply bills of the past fifteen or twenty yeurs, and the services it renders ta the State are of sufficient value to be ao knowledged by very liberal annual appropri ations. A few years ago we remember thai Mr. John D. Parsons, one of the Sed gave testimony before a legislative investigat- ing committee thathe had paid a notorious lobbyman ten thousand dollars to look after the interests of the firm in tho matter of sup- ply bill items, The same member of the firm now gives evidence in the matter of the sub stitution of an altered bill to improve Fifth avenue by the application of a poultice pave ment for the genuine bill reported by the com mittee of the Assembly. From his testimony it appears that the legislative printers did the job fora private party, and not for the Clerk of the Assembly. Mr. Parsons ° adds, “If a gentleman calls on us and asks us to print a bill, with the indorsement that it had been favorably reported by a com. mittee, we would certainly print it, if he paid for it."". This sort of business may increase the receipts of the firm, but we would suggest that it may lead to many frauds on the Legislature. We should imagine it to be the duty of a legislative printing office to refuse ently authorized form without receiving ample proof that it isa genuine and not a fraudw lent document. Eveny Inxprcation points to a thriving spring, business activity and a season oj wholesome prosperity. But do not let our sensible people destroy this by yielding to the Big Bonanza fever. PERSONAL INTELLIGENCE, Varley, the revivalist, is always ready, and bite like @ diacksmith, Mr. Morse, keeper of an “‘Amertcan bar’? is Paris, has disappeared. Vice President Henry Wilson left this city yes: terday for Washington, Mr. Frederic E. Cnurch, the artist, bas apart- ments at the Brevoort House, Governor Henry Howard, of Rhode Jsland, ts residing at the Metrovolitan Hotel. Mr. William G. Fargo, of Buffalo, is among the late arrivals at the St. James Hotel. Mr. Benson J. Lossing, of Chestnut Ridge. N. Ty 1s registered at the Coleman House, General Joseph S, Whitney, of Boston, has takes ‘up his residence at the Windsor Hotel. Protessor Joseph Winlock, of Cambridge, Mass, is sojourning at the Wes:minster Hotel. # Boston wili have her ‘back up” more constantly than ever if Mr. Backup 18 made Postmaster, Mr. Charles F. Powell, United States Vice Consy at Callao, Peru, is at the Grand Ventral Hotel, Mr. Joseph H. Robinson, Assistant Solicitor ¢ the Treasury, has arrived at the Fifth Avena Hotel. ‘Yhere was recently a sale at Paris of ancten arms, and @ sword of the sixteenth century brought $10,000. The Paris Figaro informed its readers February 23 that “yesterday was the anniversary of Ameri can independence.”’ Sir Alexander T. Galt, of Montreal, arrived from Europe in the steamship Cabs yesterday and is af the Brevoort House. Captain George Lebon, of the French army, ant Captain Shvan, of the Russian navy, are quartered at the St. Cloud Hotel. Congressman Steven A. Harlbut, of Illinots, ani R. Holland Duell, of New York, are stopping a the Filth Avenue Hotel. Congressman William A. Wheeler, of New York, and Charles Foster, of Ohio, arrived from’Wash- ington yesterday at the St. Nicholas Hotel, Somebody ts wanted in London tu purchase the machinery invented by the last man who tried to fiy, and who i# now 1m the bosom of Abraham, Walter ©. Collins, of Reuter’s Telegram Com. pany, of London, has temporartly assumed the management of the New York ofMce. Dr, Jucne, the agent here for some time past, has sailed for Europe. Daniel Dougherty lectares this evening at the Philadelphia Academy of Music on “Anrerican Politics’"—a lecture whicit made a great impres sion in New England as a terrific arraignment o the degeneracy of affairs in public lite, Neither side will cail Bowen, because each side wants to cross-examine him. Each believes that this man’s true value as a witness lies in whai can be got ont of him aguinst the other sidcemin short, that he is worth more for his ‘‘cussedneas’ than for bis good will. The Liverpool Mercury of February 27 says:— Ministers are considered to have placed them selves in a position of great embarrassment by their action on the Tipperary election, and it 19 thought not improbable that the Qneen will be advi-ed to pardon Mitchel,