The New York Herald Newspaper, August 31, 1875, Page 6

6 NEW YORK HERALD ANN STREET. BROADWAY AND salaatapiibnieatede JAMES GORDON BENNETT, PROPRIETOR, NOTICE TO SUBSCRIBERS.—On and after January 1, 1875, the daily and weekly editions of the New Yorx Henaxp will be sent free of postage. THE DAILY HERALD, published every day in the year, Four cents per copy. Twelve dollars per year, or one dollar per month, free of postage, to subscribers. All business or news letters and telegraphic despatches must be addressed New Yous Henaxp. Letters and packages should be properly sealed. Rejected communications will not be re- turned. LONDON OFFICE OF THE NEW YORK HERALD—NO. 46 FLEET STREET. PARIS OFFICE—RUE SCRIBE. Subscriptions and advertisements will be received and forwarded on the same terms as in New York. NO, 243 $ TO-NIGHT, VOLUME XL... " AMUSEMEN OLYMPIC THEATRE, fo,0% Broedway.—VARIBTY, at 8 P.M; closes at 10:45 GILMORE’S SUMMER GARDEN, Inte Barnam's Hippodrome.—GRAND POPULAR CON- CERT, at 8 P. M.; closes at 11 P. M. THEATRE, TIVOLI Third avenue.—VARYETY, at 8 P. M. Bighth street, near sorenanen STREET ret, near Broadway.—NEX WE SERA TROUPE, at 8 P.M; closes at 10.0 PL jedad Unda y Moron. COLONEL SINN’S PARK THEATRE, Brooklyn.—V ARIETY, at 8 P. M.; closes at 10:45'P, M. CENTRAL PARK GARDEN. THEODORE THOMAS’ CONCERT, at 8 P. M. Broad 4 Tuitroenth sr mt Baglish, Coms Opera— and Thirteenth street.—English ic OU LOTTE, ats TM ” sls Julia Slatthews, Mr. G. H. Macdermott. ROBINSON HALL, ‘ent Sixteenth street.—English Opera—-PRINCESS OF EBIZONDE, at 8 P. M. THEATRE COMIQUE, Fo, $14 Brosdway. VARIETY, ut 8 P.M; clones ot 10:45 WOOD'S MUSEUM. Broetesy: gorge of Thirtieth street_—ZY KES THE SHOW- N, at 8'P. M.; closes at 10:45 P.M. Matinee at 2 P. M. GRAND OPERA HOUSE, ty a avenue, corner Twenty-third street.—HAMLET, at 8 P.M. ; closes at 11 P. M. METROPOLITAN THEATRE, Nos. 585 and 587 Broadway.—VARIETY, at 8 P. M. HOWE 4 CUSHING'S CIRCUS, foot of Houston street, East River.—Afternoon and evening performances. ACADEMY OF MUSIC, ang pince and Fourteenth street.—AROUND THE Wo. IN EIGHTY DAYS, at & P. M.; closes at 11 P. M. SAN FRANCISCO MINSTRELS, uss ra House, Broadway, corner of Twenty-ninth street, BOOTH'S THEATRE, ‘Twenty-third street and Sixth. avenue.—HAMLET, at 8 P.M. Mr. Barry Sullivan. DARLING'S OPERA HOUSE, ‘Twenty-third street and Sixth avenue.—COTTON & REED'S MINSTRELS, at 8 closes at 10% M. ‘TRIPLE SHEET. NEW YORK, TUESDAY, A From our reports this morning the probabilities are that the weather to-day will be warm and clear, or parlly cloudy. Persons going out of town for the summer can have the daily and Sunday Henan mailed to them, free of postage, for $1 per month. Wart Srreer Yesterpay.—Stocks were irregular, the market excited and prices Yewer. Gold advanced to 114}. A feeling disquiet exists. Tne O'Connett Cextenntat has brought its reward to the Lord Mayor of Dublin in the shape of a Papal decoration. Another howl over a matter of no significance will probably be the result. Gevenat Ganranpr is again reported ill, this time from overwork on his scheme for the improvement of the Tiber. The old Gen- eral has so much vitality, however, that we shall expect to hear of him at Rome and at work once more. Tar Taree Rures of the Treaty of Wash- ington have been approved by the Institute of International Law at The Hague as worthy to be incorporated in the law of nations. But for the extraneous issue of consequen- tial damages introduced into the American case before the Geneva tribunal their recog- nition and adoption by most of the European States might have been secured long ago. Canpixar, McCiosxey, though he is to be invested with the ring and titles of his ney dignity during his stay in Rome, is mot to | receive the hat, because it would involve a grand ceremony. This is well enough, per- haps, as he would scarcely find occasion to wear this peculiar piece of headgear in America. The creation of seven new cardi- nals at the next consistory is announced, and it will be observed that six of them are Italians. Dow Canzos seems doomed to the fate of his predecessors who made Carlism one of the chronic evils of Spain. Our cable de- spatches this morning bring news of fresh disasters to his cause, and a Roman newspa- per, which may or may not speak with au- | thority, intimates that, owing to the fall of Beo de Urgel, he will disband his forces. Evi- | dently it is better for Spain and the Span- fsrds that the authority of the boy King @hould be generally respected, and Don Car- Jos will act with wisdom if he declines to prolong a fruitless struggle, Tor Henaty Licnrsixo Trams mado its ninth and last trip to Niagara Falls and Sus- pension Bridge on Sunday last, an account of which will be found elsewhere in our col- | fimns. The enterprise has proved to be an entire success and will, undoubtedly, effect many fapid transit reforms in railroad travel- ling. Lightning trains will probably be the rule, not the exception, on the grand trunk lines ere another year is passed, and we shall no longer regard long distances, even in the | far West, as a matter of consequence, with steel rails, crack engines and experienced engineers to depend upon for lightning eneed, NEW YORK HERALD, TUESDAY, AUGUST 31, 1875.-TRIPLE SHEET. The Financial Outlook. “Watchman, what of the night?” is the question uppermost in the minds of the peo- ple, thongh not asked in these Scriptural words. For nearly two years they have been waiting and hoping for better times, and the and mercantile houses this summer causes an anxious community to turn for guidance to those who are supposed to watch the turns and fluctuations of business—that is to say, the operators in the great centres of commerce. The answer by these oracles has been quite different since the failure of Duncan, Shetman & Co., and the failures of last week, from that given after the failure of Jay Cooke & Co., not quite two years ago. The fact that there isat present no panic nor any approach toa panic may be accepted as a proof that the shrewd observers who aro in a position to lay their fingers on the financial pulse find a different order of symptoms. It is not difficult to see the dif- ference nor to trace the interpretation. We will mention first a difference founded on the calendar, of no great importance in itself, but leading by an easy step to the fundamental explanation. The failures of Dunean, Sherman & Co., the Bank of Cali- fornia, Ahrens & Co., &e., have occurred in the summer months, or the slackest season of the year, whereas the failure of Jay Cooke &Co, took place in the busiest, when the autumnal movement of the crops had fully setin andthe whole currency of the coun- try was in active use. It is the difference between failures when money is a drug and when there is a dearth. The panic of September, 1873, spread through the country like wildfire, because the whole business community had need of more money than it could get and feared that it could not meet its maturing engagements. The present situation is totally different. The banks are full of money which can find no employ- ment--a conclusive proof that credits are not expanded and stretched to their utmost ten- sion, as they were when the storm struck in 1873. During the panic men of solid wealth found it next to impossible to obtain money on the best secu- rities; but there is no ground for such a fear now, when there are stacks of enrrency in the banks ready to be lent at low rates on any ordinary security. It is this ac- cumulation of money in the banks and the condition of business of which it is a symp- tom which makes men at the chief financial centres so easy in view of the great collapses ofthe present summer. It is certain that credits are not expanded; that there are few | speculative enterprises on foot; that the sup- ply of money will more than equal the de- mand during the heavy business of moving the crops; in short, that the ship is not in danger from haying on too much sail, but that her poles are too bare to catch wind enough to keep her in good motion. It is only the rotten hulks that founder in a dead calm. If the recent failures had been de- ferred until the height of the approaching business season they might have caused some disturbance and apprehension. As it is they leave general confidence in about the same state that it was, with perhaps a diminished prospect of its growing sanguine. It will not be surprising if there should be afew more sporadic failures from easily ex- plained causes. There are firms that barely squeezed through the panic of 1873, with assets and connections sufficient for recu- peration if general business had revived within a year ortwo. But it has not revived, and the means of extrication have not been earned. Moreover, there has been a steady and progressive decline of values during the past two years which has constantly reduced the security which weak or embarrassed houses could give for loans. Many who came out of the panic with property equal or nearly equal to their debts find their debts undi- minished, and their property so depreciated by the shrinkage of values that it is no longer sufficient to secure their creditors. If the shrinkage goes on and business does not revive they will, of course, have to fail. This lowering of values results from gen- eral causes, whose operation is not confined to this country, but spreads over the world, although felt with more intensity here, partly as a fruit of the panic and partly as a consequence of our bloated and fluctuat- ing currency. The ebb of general prices is strongly marked by the trade returns of Great Britain, The report of the English Board of Trade for July presents the decline in a striking light. A comparison is made between the imports and exports of the first seven months of 1875 with the imports and exports of the first seven months of the two preceding years, showing that while there has been a decline in. their money value there has been an increase in the quan- tities of goods exported and imported, A larger exchange of commodities, with de- creased money totals, proves a falling off in prices, and a steady decrease of values is nn- favorable to the profits of trade, notwith- standing the increase of quantities. One of | the most intelligent of the London journals, in commenting on the recent Board of Trade | returns, says:—‘‘The true inference to be drawn from the returns is that we are passing through a period of low valnes, which are affecting to a very great extent the apparent | importance both of our import and our export | trade., A period of low values ought to stim- | ulate the foreign demand for our goods. It | ought, therefore, to be followed —first, by an | increase in our exports, and then by a rise in | prices, Whether the time is yet ripe for such | a result cannot, perhaps, be determined now. Prices may possibly fall even lower before | the tide begins to turn; but the ebb is grad- | nally losing its force, and the slackening of | the ebb is the first symptom of the approach unexpected fall and erash of great banking | | graph system | cotton, This general lowering of prices, | though an evil for the time being, may be attended with some compensations. But that, we apprehend, depends on the wisdom of the government. When prices shall have sunk to what would be a fair specie standard in prosperous times resumption will be easy | if the government is courageous enough to attempt it. The great obstacle to resumption has been the objection of the people to have | the value of their property lowered. But when | it is brought down to a specie valuation by other causes no additional depression will ensue from the re-establishment of a sound currency, and the change may be made with- ont any sudden jolt or shock, When the general commercial condition of the world is smoothing the way to this result our rulers will fail to ‘‘anderstand their epoch” if they let the occasion slip and do not take the golden pitcher when fortune presents it with the handle toward them. As to the immediate business of the autumn the prospect is fair, but not exhilarating. Agriculture, the greatest of our interests and the chief pillar of the national wealth, is not suffering like manufactures and mining. As much labor has been employed in agricul- ture as in any preceding year, and the crops are generally good, especially products which we raise for exportation. The foreign demand is sufficient to insure reasonable prices, and as soon as the crops of the coun- try begin to move toward their markets there will be a revival of activity which will make quite a contrast to the recent torpor and stagnation. But all onr great resources of varied production will not be called into full activity until the government shall have wisdom and energy to lay a bold reforming hand on affairs and give us a sound cur- rency, moderate taxes, and an example of that honest economy which must be prac- tised by the people. The Tripoli Affair. Forty millions of Americans breathe more freely now that they know that the Congress man-of-war has separated Tripoli and the American Consul, and brought the latter to Malta. We do not yet know what part of the consular coattail the Baskaw of Tripoli trod on ; we only know that there was a difficulty and that the police have stepped in and parted the combatants. It isto be hoped that the fighting Consul will now be care- fully guarded until he is returned to his na- tive village. If he should get loose in Malta we might get into a war with Great Britain before we knew it. Nobody has such frail- ties for getting himself insulted as the aver- age American Consul in an outlying country where he represents the ‘‘majesty of the American people.” He is usually a country politician who has been useful to the party and gets his small slice of the spoils in the shape of a consulship. He car- ries out an American eagle in his coat pocket, and, in what it pleases him to call his mind, he has a tremendous con- tempt for ‘‘effete royalties,” and an equally tremendous ignorance of interna- tional law and the duties of a consul. When he has been received by the Bashaw or Sul- tan, or other highness, and has been saluted by a passing man-of-war he is ready to be insulted on the slightest provocation, and, indeed, privately hopes to hand his name down in history as the cause of a small war. Fortunately our navy officers are usually men trained not only in their own profession, but also, to some extent, in diplomacy and inter- national law. The fight cannot begin with- out their help, and, as in the present case, they usually content themselves with sep- erating the combatants and carrying off our man in safety. But why should not our weak diplomatic servants know at least as much as a post captain ? Steam and Electricity. It is announced that the Superintend- ent of the Railway Postal Service will arrange the details of a time table for the express mail train to the West. This is a step in a new and desirable direc- tion. This officer has been visiting the West and arranging the details for the running of fast railway trains through that country. The government is carrying ont the idea of the New York Heravp in its Sunday train. There is no reason why, with our present railway communications, the Western States should not be several hours nearer than they are at present. The action of the Postmaster General in drawing the two sections of the Union closer by the establishment of a sys- tem of fast railway trains will redound to his credit. But if the government in its wisdom finds it necessary to unite the East and the West by a system of fast railway trains, why should it stop here? We have a postal sys- tem infinitely more rapid than the railway: that is the telegraph. The telegraph is as necessary to our modern civilization as rail- ways. Every year it grows more and more in value. The people actustom them- selyes more and more to use it. We see in England that the postal — tele- has largely increased the number of messages transmitted over the wires. Why should the government cherish, therefore, the postal system with so much care and spend so much money in extend- ing it, to strain every effort to bring the whole Union within its advantages, and neglect the great telegraph system, which is only the post in an improved form? The difference between ther is the difference between steam and lightning, ‘Tux Faruvnes in Baltimore are not likely to be as disastrons as was anticipated, and it is expected that the suspended firms will be able to profit by the extensions granted them by their creditors, The affairs of the Bank of California, on the other hand, are much of the flood.” | In this country the prospect of a return to | high values is still more remote; for if it be doubtful whether prices have yet touched bottom in England it is pretty certain that they have not yet reached the lowest point | here. The necessary sale of the assets of the failed houses will tend to depress prices. | Some of them have been carrying commodi- | ties, others have been carrying stocks, with a— view to hold up prices and stave off losses and ruin. of any of the great establishments which | have gone under will realize anything like | | their estimated value. Their forced sale will lower all things of this class, whether mining It is not probable that the assets | worse than at first reported, There is a les- son in this—the legitimate traders being sup- ported by other capitalists, while the speeu- lators are left to sink. If this rule had been practised in the past speculation would not | have been so freely indulged, while regular business would have been encouraged, | Wesrervert’s Tran, it is expected, will go far to unravel the Charley Ross mystery, | 80 far as the abductors are concerned, | his grieved parents. If this additional re- sult could be attained one of the most re- | markable cases of kidnapping in history | would be made still more remarkable by a | shares, real estate, sugars and molasses ar | happy termination. though it may not restore the lost child to | The Eastern Question. France pulled the chestnuts out of the fire for England in 1855 ; but with France crip- pled and out of the game of what value is Turkish territory, as those guarantees were framed in the Treaty of Paris? It is tolera- | bly evident that England cannot move a finger in the case ; that she would be as help- less in the contingency of any striking event on the Austro-Turkish frontier as she was when Russia in the face of Europe an- nounced that she no longer regarded herself as bound by the stipulations of that treaty with regard to the Black Sea, At that time there was war; France was a victim to Ger- man might, but was not hopelessly crushed ; and if England had ventured war for the Treaty of Paris she must have placed herself side by side with her ally in the conflict closed by this treaty ; and Russia, of course, would have joined forces with Germany. It might not have been ultimately an unequal conflict, for Austria and Italy would have come in behind France and England, and these allies would have sustained the throne and the credit of any Spanish ruler who would have supplied a contingent of a hun- dred thousand soldiers. Altogether, there- fore, England might have seen Europe di- vided for the determination of a dispute purely her own, for the support of a com- mercial policy that checks the growth of a great Christian Power which is her rival and keeps alive a barbaric Empire merely be- cause it is her convenience. England, however, did not venture in that emergency to tempt fortune. Her gov- ernment was not in the hands of the party that has poured out the blood of the English people all over the world for the benefit of a few privileged classes, and it accordingly took the rational view that there are some things in the world which are proceeding in virtue of forces greater than any the British government can marshal against them. How will the present British government view this case when it comes before it as it soon must ? Will it also give over the policy of balancing Turkey in the interest of England against Russia in the interest of humanity and civ- ilization ; or will it venture another of those struggles that have crushed the English peo- ple to the earth under the burden of taxa- tion at the imminent risk of finding itself handsomely out of office on the first Parliamentary vote that shall follow the assumption of such an atti- tude. It is true war measures gain sup- port for the Ministry in England, as a rule; for opposition in such a case is confounded with treason by acertain public opinion. But, pugnacious as he is, John Bull fights with some sagacity, and never fails to scan the odds. In this case Germany, Russia and Austria would be together, and there is no power on earth that could drive or drag France into the battle. In view of such a distribution it is not likely that England will venture. It is not, moreover, the policy of the tories in these late days to act on the tory policy. They always adopt the liberal policy, just a little shorn of the proportions the liberals gave it. Mr, Disraeli does with a graceful turn of speech ora gay epigram the very same act that Mr. Gladstone would have done with a ponder- ously serious declaration; and that is the precise difference between the parties in England. Turkey, therefore, must make such a bar- gain as she can with her neighbors; for her time has apparently come. Not only the Treaty of Paris, but, as well, all other treaties or obligations which contemplated her as a makeweight in the political scale and divided the Christian nations for the benefit of her rottenness haye lost their force, and, as Europe has leisure just now, it grows into the general perception that this is as good a time as any other for the settlement of this case. But Austria, Germany and Russia will not drive out Turkey till they have deter- mined what to put in her place. They will decide this between themselves, and are doubtless now diplomatically active over this problem, and until they reach a conclusion satisfactory to themselves the conflict will linger much in its present stage, except that each day will show more clearly the spread and power of the disaffection. A Faceriovs Genrieman is Mr. 8. L. Phil- lips, President of the Third Avenue Railroad Company. He completely bubbles over with fun, especially where the interests of the Third Avenue Railroad are concerned. No- body but a great humorist would say that if the avenue is chosen by the Rapid Transit Commission for an elevated road the horse car line will get the authority of the Legisla- ture to run steam cars in the street. To use an expressive colloquialism, this idea is too funny for anything; but it is not so won- derfally Indicrous as Mr, Phillips’ talk about the stockholders of the Third avenue company as ‘‘citizens of New York” when he went before the commission in com- pany with most of these citizens, thongh ac- companied only by Mr. Hart, a worthy gen- tleman of Chatham street, who has put so much of his earnings into the road that it earns dividends for scarcely anybody else. We confess we were not aware there was so much humor in the President of the Third Avenve Railroad Company, though it must be confessed that the management of the line is something very like a practical joke. Fura. Hanvests at home give great im- portance to the crop reports from abroad, Our cable despatches this morning report a better yield in England and on the Continent than was anticipated earlier in the season ; put still there is a deficiency in both quality and quantity, and it is likely there will be a great demand upon this country to supply Europe with bread, A Lrsson which cannot be too often im- pressed upon our municipal police is that derived from the achievement of the New Jersey officers who traced and captured the men by whom Mr, John Hughes was attacked and left for dead, near Hackensack Bridge, a fow days ago. If the crime had been commit- ted in this city the criminals would have | met with better fortune, Sooy's Deraication is the theme of uni- versal commentin New Jersey ; but the story of his crime and his capture, which we print this morning, will attract the attention 1 of most readers in avery State. 4 England in the guarantee of the integrity of | Colleges and College Buildings. We have received an elaborate statement of a new college building to be erected at Hart- ford. It is to cost several hundred thousand dollars, We note in other parts of the coun- try also a tendency to build new colleges. In fact, it seems to be the ambition of every county now to have its university and to spend large sums upon fine edifices. We should hesitate to do anything to deter our people from indulging a taste for architecture or from encouraging education, but we think that in developing our educational system we make a mistake in spreading our colleges over so large a space. America does not want new colleges. We have too many already. We want teachers, not buildings. We should have five or six, perhaps, great universities, largely endowed, with the best professors, Nor do colleges succeed by the magnificence of their buildings. The best experience in Europe shows that beyond a certain point the money spent in buildings is wasted.. The little country town with the few plain buildings in which classes meet to hear a lecture or undergo an examination would be of as much service, if there were professors like those of Strasburg and Leipsic, as any possible aggregate of splendid, cold, desolate public halls, Of course there is no reason why great States like New York and Penn- sylvania and Massachusetts should not have their universities if they choose to found them. Even in this we might go too far. It is not State universities we want, but universities wor- thy of that name. We should have seats of learning so well endowed that the scholar, if he chooses, may remain all his life. The plan of fellowships, as in English universi- ties, although to a certain extent an abuse, has many charms. We wish that it were pos- sible in America for those of our students who care to give their lives to study to have it in their power so to do. If our citizens or our public bodies feel disposed to invest money in education it should be not in buildings but in endowments. Some advise a great national university, under the direct protection of the government at Washington. There are many arguments in favor of such an undertaking. We do not know a city where it could be built with more accepta- bility than at Washington. The climate is as fine asanyinthecountry. ‘The location is contiguous to the great cities. There is the largest library in the United States. Some of the finest museums, especially in conneo- tion with the war and the advancement of modern science, are to be found at the capital. The society in the winter time has many attractions that are possessed by no other city, because while there is in Washington, asin all political cen- tres, a floating element of intrigue, political management and adventure, there is also an exceedingly interesting socicty, cultivated, refined and attractive, composed of diploma- tists, officers of the army and navy and Con- gressmen. The society of Washington is more national than in any other city, because it contains men from every section of the Union. What we desire is not so much new colleges, but the strengthening of the old ones, Better far to have five universities like Strasburg, Leipsic, Heidelberg, Oxford and Cambridge than have a hundred small, straggling, indif- ferent colleges, without reputation, resources or culture. The Third Term in the Northwest. The editor of the Chicago Staats Zeitung announces that he will support General Grant for a third term upon a hard money platform against any candidate on a rag money platform. If there are two hard money candidates he will support the one opposed to the republican party. The Chi- cago Staats Zeitung is one of the most impor- tant journals in the Northwest. It repre- sents that large German population which has done so much to give strength and char- acter and patriotism to the Northwestern States. Its editor has not been in sym- pathy with the republican party for some time; but in the presence of this grave issue now threatening the country, rag money on the one side and hard money on the other, repudiation against national credit, he avows his faith in General Grant. In other words, he feels that the danger to republican insti- tutions from the election of the President to a third term is so remote and indefinite that he will risk it rather than permit the tri- umph of any party based upon irredeemable ourrency and national repudiation. We regard this announcement of the Staats Zeitung as one of the most important preliminary features of the canvass. It shows, in the first place, that the Germans of the Northwest are resolute in their purpose to defend the honor of the government. It shows also that on the question of hard money no leader in the republican party stands so well as President Grant. Nearly every prominent man in the organization has trimmed on this question. They have been afraid of it. The republican House and the republican Senate passed an inflation bill. The candidates for the Presidency have trembled over “the Western influence,” when they should have boldly spoken their thoughts in favor of hard money and national credit. If we take the leading men in the party we find very few now named for the Presidency who have made their record reasonably clear upon this issue. On tho other hand, President Grant, by his inflation veto, put himself at the head of the move- ment, and therefore, in looking for a candi- date to oppose the desperate and dishonest schemes of the rag money defenders, the leader of the Western Germans declares for General Grant. Now, we do not believe that the financial question is at all involyed in the success of General Grant. We shonld prefer to enter a Presidential canvass fighting Csarism as well asragimoney. But in pointing out to poli- ticians the drift of this campaign we have all along contended that it was bad general- ship to assume that either General Grant meant to leave the canvass or that there was strength enough in the party to drive him out of it, or that if he chose torun he would have no followers. Here he receives from the organ of the Northwestern Germans an as- surance that he will be supported upon the question of national honor against any can- didate, republican or democratic, who may run on a platform of inflation. That is a stronger point in the preliminary canvass than any other candidate, democratic or re- publican, has yet attained. In other words, if General Grant were running for the first time for the nomination, and had such an as- surance of support that is now given by the editor of the Chicago Staats Zeitung, his nom- ination would be beyond question. Reform in an Unexpected Quarter. Virtue must be in the ascendant and honesty is assuredly the best political policy, this year ; for even the Louisiana Republican Central Committee begins to see it. That noble body of patriots, which has superin- tended for six or séven years the most stu- pendons and audacious system of public stealing on record, has determined to “stop off,” as Rip Van Winkle said. It turned a corner so short‘‘as to take away one's breath, and resolved, in a burst of patriotic fervor, that ‘pillage in public station must be punished,” and that assaults upon per- sonal rights are wrong. This is all very fine ; but what is to become of the republican party in Louisiana if “pillage in public station” is punished, and “assaults upon personal rights” are for- bidden? It will be a party almost without leaders ; for it is not an exaggeration to say that if every leading Louisiana republican who has been concerned in ‘pillage in publio station” were punished the greater part of them would be either in State prison or in the chain gang by the time the next election isheld. This would be an excellent thing for the State, but it would ruin ‘the party.” And if personal rights are hereafter to be respected what will Mr. Packard do? He is United States Marshal and Chairman of the Republican State Central Committee. In this double capacity he has been accustomed to harry the democrats just before election with blank warrants of arrest. Is he going to deny himself this pleasure hereafter? When the Louisiana republicans become the friends of virtue the party must be very sick indeed. ‘When the devil was sick the devil a monk would be,” says an old song. What is the matter in Louisiana? Are the colored people leaving the republican party? Juper Herscuen V. Jonson, of Georgia, in charging the Grand Jury which is to in- quire into the alleged insurrectionary plot in that State, commends a wisdom and modera- tion which are highly complimentary to hia judicial foresight and fairness. The poor deluded negroes, if they have been entrapped into a plot against the whites, must be se- verely punished ; but it is highly important that neither prejudice nor passion should enter into the deliberations of the Grand Jury. If there was no plot there must be no indictments, and this point Judge Johnson took care to impress upon the jury. News rrom THE Enouisn Porar Exrept- tion has been received detailing the in- tended operations of the two vessels—the Alert and the Discovery. A tone of confi- dence and determination pervades this intel- ligence and gives promise of the best results from the expedition. It is to be hoped Commander Markham will be able to reach the Pole and that the whole party may re- eturn with safety. This is probably the last we shall hear of these explorers until wa have the story of their adventures in the frozen seas of the North. Postmaster James deserves credit for his systematic and orderly removal from the old to the new Post Office. There was no con- fusion, and the removal occasioned no incon- venience to the public in the despatch and delivery of the mails. Business in the new building was conducted yesterday as if it was a matter of mere ordinary routine, and the thousands who visited the Post Office during the day saw no evidences of moving day. Increased postal facilities are to mark the removal, and it is announced that the first fast mail for the West will leave this city on the 16th of September. PERSONAL INTELLIGENCE, The Richmond Enquirer is satisfled with the rainfall and wants a windfall. Mr. William G. Fargo, of Buffalo, is among the late arrivals at the Winchester Hotel. _ Mr. William Bigler, of Pennsylvania, has taken up hie residence at the St. Nicholas Hotel. Assemblyman George West, of Ballston, N. Y., i stopping at the Grand Central Hotel. Rear Admiral J. H. Strong, United States Navy, is re- siding temporarily at the Everett House. Rey. J. Addison Henry and Miss Anna E. Dickinson, of Philadelphia, are at the Fifth Avenue Hotel. Lady Howard de Walden and Hon. Charlotte Isabella Ellis, of England, have apartments at the Fifth Avenue Hotel. Mr. Richard Grant White insists on style, but he writes himself that certain things “almost never’’ happen. Attorney General Raleigh, 7. Daniel and Judge W. J. Robertson, of Virginia, arrived last evening at the Fifth Avenue Hotel, Mr. J. D, Layng, General Manager of the Pittsburg, Fort Wayne and Chicago Railroad Company, is at the St. Nicholas Hotel. The man who invited Jeff Davis to Winnebago is of the sort that talks about “this free and gel-lorious country.” He was wounded in 870 battles during the war. From the way the Ohio republicans how! over a law for the regulation of their State Prison one might sup- pose that they all expect to go there when the election is over. The Rome Courter says that the views on finance of Pendleton and “Currency Bill,” of Ohio, are the views of A. H. Stephens, of Georgia, Thai’s the kind of potato bug he is. It does not look as if Field Marshal O’Tooker could get up much of a war betwoen the Irish and Americas forces on the great question who can play Hamlet with the richest brogue. Country papers say that Dr, Holland is attacked “be. cause he believes in Mr. Beecher’s innocence,” which is not precisely so, He is attacked because he attacks every one who does not believe as he does, In many parts of the country they complain of poor peaches at high prices, and if the growers keep sending their crops here instead of where they seem to be mort wanted they will, we fear, not be encouraged to com tinue the culture, ‘The New Yorx Herarp thinks that the horse is des. tined to attain a perfection in this e¢ ry which “may now seem only ideal.”? In view of such flattering pros: pects, however, the noble animal must preserve hit equine-imity,--Bugialo Courier, ‘The prizes of the British Social Seience Association for essays on the constitution of an international assem, bly for the formation of a code of international law will be presented at Brighton in October, It may ba remem <i that the first prize was taken by Mr. A. B. Sprague, of Troy, in this State. H. P. Kimball, Secretary of the Winnebago County Agricultural Society, explains his motives in inviting Jef Davis to MMlinois, and defends himself, He saye that he “never voted the democratic ticket in his life,” and refors to Horace Grecley’s example in regard to Davis as one worthy to be imitated. But the publia allowed to Mr. Greeley’s philanthropy a license it is met nelined tu extend to Kimball i