The New York Herald Newspaper, September 5, 1875, Page 10

ig RELIGIOUS INTELLIGENCE, Ministerial and Church Movements. THE CAMP MEETINGS REVIEWED. Discussion on the Soul’s Im- mortality. PROGRAMME OF SERVICES TO-DAY. “variety im Unity the.Law of the Church of Christ” | fs the theme for diseusston to-day in the Church of the Heavenly Rest by Rev. E. Huntington Saunders ‘The Rev. J. V. Saunders, having returned from his vacation, will preach in the Willett street Methodist Episcopal church this morning and evening. The Russian-Greek chapel will be opened to-day, and | divine service will be conducted in the Slavonic lan~ | gues Tho other Sundays inthe month service is held tn English. At Republican Hall Mrs. F, 0. Hyser will lecture for | the Progressive Spirrtualists this morning and evening. The Rey. William P. Estes will preach this morning | and evening in Alanaon Methodist Episcopal church, | Norfolk street. | In All Sainas’’Protestant Episcopal church the Rev. W. N. Dunnelt will preach this morning and evening. The Rev. Johm Johns will preach in the Free Taber- macle Methodist.Episcopal church at the usual hours to- day. Dr William M.. Barbour, of Bangor, Me., will occupy ‘the pulpit of the Broadway Tabernacle this morning and evening. Divine service will be held to-day as usual in the Church of the Incarnation, Rev. A. Brooks rector, The Church of the Holy Communion, having been re- paired and cleaned, will be reopened to-day. Four ser- ‘vices will be held and three sermons preached. | obtained from the so called orthodox churches, it being | Rev. C. P. McCarthy will preach in the Church of Our The Rev. C. S. Harrower will preach in the Central Methodist Episcopal church this morning, after which the Lord’s Supper will be administered. Rev. Edward P. Payson will preach to-day in the Canal street Presbyterian church. Morning and after- noon services. Dr. J. M. Ludlow will minister to the Collegiate Re- formed church, on Fifth avenue and Forty-cighth street, this morning and.evening. Rev. Dr. Fuller, of Baltimore, will preach in Calvary Baptist church thismorning, and Rev. R. S. MacArthur this evening. A litany and high celebration will be given in the Church of St. Mary the Virgin this morning and ves- pers in the-afternoon. Rev. H. W. Knapp will preaeh in the Laight street Baptist church this morning and evening. Communion | in the forenoon. The Rev. Hector Hall, of Beith, Ayrshire, Scotland, will preach in the Fourth Presbyterian ehurch this morning and afternoon. In the Fifth Avenue Baptist: church there will be preaching services this morning:and evening. “The Approaching Mighty Destruction of the World” isthe theme on which Bishop Snow will spend his time nd thought thisafternoon in the University chapel. The Rey. J. W Selleck will minister to the Lexington Bvenue Methodist Episcopal:church at the usual hours | to-day. The Sixth Avenue Union Reformed church will be Feopened to-day and Rev. W. B. Merritt will preach ‘there at the usual hours. Professor Alfred Loutrell will preach in the Bleecker Breet Universalist church this morning on “The Com- mon People” and in the evening on “Forgiveness.” Rev. Charlies E. Harris will preach in Allen street Methodist Eptscopal church at the usual hours to-day. Rev. J. D. Herr, of Pennsytwania, will preach in the ‘Central Baptist church this marning and evening. «Rev. W. P. Abbott will minister to St. Lake's Metho- ‘Gist Eptscopal church this morming and evening. In the Pilgrim Baptist church the Rev. J. 8. Kennard will preach morning and evening. Seventh street Methodist Episcopal church will be winistered.to at the usual hours to-day by Rev. J. 8. | ‘Willis. Presiding Elder Kettell will preach tn Seventeenth street Methodist Episcopal church this morning and Rev. J. H. Lightbourn this evening on “Temperance— Dur Duty as Christians and Citizens.” ‘The Holy Cammaunion will be administered in St. Thomas’ Protestant Episcopal church this morning and 3bis alternonn asermon will be preached. “The Reign of Christ” will be considered this morning tm Piimptee Hall by Rev. Fordyce.Hitchcock, of New- ork, MS Tm the Church of the Messiah Rev. J. H. Wigzin will fliscass the question this morning, “Does the Human Boul Weign Anything t” Rev. Mr. Krans will_preach tn St. Ann‘s Protestant Episcopal church tnis evening. Services at the usual hours to-day in St Ignattus’ Protestant Episcopal charch, Rev. F. C. Ewer, rector. The Rov. J. N. Norton, D. D., of Louisville, Ky., will preach this morning jn the Wainwright Memorial ebureh, and the Rev. T. W. Egbert in the evening. Services this morning and afternoon, at the uswal bours, in the Church of the Heavenly Rest, Rev. Dr. Barland rector. ‘The Rev. Dr. Flagg will officiate and preach in the Church of the Resurrection this morning. The Rev. W. T. Clarce will minister in-Unity chapel, Harlem, this morning. Rev. T. De Witt Talmage will preach this morning and evening in the Brooklyn Tabernacte. In St. Mark's Protestant Episcopal-church, the Rev. Dr. Rylance will preach this morning and evening, at the usual hours. Professor R. W. Hume will speak in Harvard Rooms this evening on “Spiritualism and Religious Reform.” Rev. Dr. Howell will preach this evening in the Morning Star church. The Church of the Ascension will be open to-day for | @ivine service, and the holy communion will be ob- served in the afternoon. Mr. James D. Davis, of the Tabernacle Lay College, | Brooklyn, will conduct the services in Grace Baptist shape! this morning and evening. The usual Sabbath services will be held to-day tn St. Chrysostom’s Protestant Episccpal chureh. morning and evening. In the Baptist Marinors’ Temple the Rev. A. F. Perry will preach st the usual hours this morning and evening. Mrs. Dr. Lozter will address the American Temper- ance Union in Robinson Hall this afternoon at threo e’clock. Rev. J. M. Van Wagner of Sedalia, Mo., will preach this morning and evening in Plymouth church, Brooklyn. The Rev. George H. Hepworth will preach in Park Street Congregational charch, Boston, this morning. On the 19th inst he will be back in his own palpit in New ‘York. The Tabernacle Baptist church will reopen to-day and Rev. J.B. Hawthorne will speak this morning abont “The Power of Christian Living" and this evening on “How to Treat Our Enemies." The English Lutheran Church of St. James, Rev. Dr. Wedekind pastor, will reopen to-day. Serv: tsual hours, Preaching by the pastor. “Habbakuk's Prayer for a Rovival of Religion" will be considered this morning by Rev. William Lloyd in Washington square Methodist Episcopal church. “Boards and Broken Pieces of the Ship’’ is his theme jor the evening. In the West Twenty third street Presbyterian church the Rev. Erskine N. White, D. D., will preach to-day at the usual hours. The Rev. John N. Galleber wil! minister this morning wad afternoon in Zion Protestant Episcopal church. tm the Church of St. Rose of Lima, Rev. R. Brennan pastor, the festival of the patron saint will be observed Mis morning, when Rey. B. O'Reilly, D. D., will preach sermon appropriate to the occasion. Baviour this morning, at eleven o'clock. | | Sermons “BERFAN” ON THE ‘IMMORTAL 6001” THEORY. fo tax Error or tae Heratn:— Among the pernicious results of the anion of the heretical and heathenish doctrine of man's tnberent | beathemsh doctrine is no less than that of blasphemy | pastor's eccentricities Bishop Whittingham recently | and of no “force whatever. | ceiving the report of the Mexican Commission. | near Ocean tthe | NEW YORK HERALD, SUNDAY, SEPTEMBER 5, 1875—QUADRUPLE SHEET. ity that of the increased and almost supernatural influence given by it to the Romish Charch is, from its antver- ality, the most destructive. And here let me say that Christian charity forbids that such sinister motive should be attributed to all the professedly Christian ex. ponents of this theory and union, With many its tn- | ductive charm lay in its philosophic and poetic aspect, while others, doubtiess, bad sufficient perspicacity to foresee something of the vastly augmented power that by its adoption would inure to the priesthood To at- | tain to anything like a proximate estimate of tho | mighty Influence thus conferred it must be borne in mind that tt placed at once in their hands the entire fate of all their votaries. In virtue of her assamed | prerogative the Romish Church claims the custody of every infant born in her communion, and in order that it may be eligible for Christian burial in the event of | its premature death she demands that it be immedi. | ately baptized (by her priesthood alone); otherwise, | dying unbaptized, it is treated as a heretic and con- “signed to unconsecrated ground, which to the bereaved | and superstitions parent is equivalent to its damnation. A like priestly hand holds ovor the adult his anath- ema, demanding implicit belief in the Chureh’s infalli- bility, uniform and slavish subservience to her ordi- | ances and ceremontes, and an unquestioning accept: | Y , claiming that, when death shall sever their earthly ecclesiastical relations, sho ret her hoid on the disembodied spirit, asserting her rious control over its eternal destiny, retaining it in, or | releasing {t from, purgatorial pains, accelerating or re- | tarding its final happiness, Surely none can fail to see that such ecclesiastical despotism is usurped and most | unseriptural and destructiv: for can the cause and | effect be disassociated. Take from the Romish Church this, its all-controlling dogma, and she is shorn of her unboly influence, The superstitious fears of her vota- | ries will be removed, their minds emancipated from | their demoralizing bondage, and they would be free to h her pretensions to a'vicarious authority and an infallible ereed, and assert their heaven-born dignity as | rational and accountable beings. Spiritualism is another and formidable evil that has | derived its existence and support from this same pro- | life parent—inherent immortality. Every sane mind | must, L conceive, regard its pretensions and utterances as absurd—nay, ridiculous; and but for the social | standing of many of its disciples and their numerical | Strength one feels altogether disinclined to speak of it | asa sect or its beliefs as a creed. The apostles of | Spiritualism claim that their disciples are numbered by millions, and there is much reason to fear that the statement 18 not altogether erroneous, and what is. still more deplorable is that its chief accessions have been ance of her tenet 3} asserted that there are thousands of members’ in good standing who are in secret accord with their doctrines, indnizing the poesy of a disordered imagination while claiming to hold communion with the disembodied Spirits of the:r departed friends, Can any one doubt that, but for this “immortal soul’’ theory, such morbid fantasies could never have had a name in a professedly Christian community, and that with tts abandonment the very remembrance of such an infatuation would be obliterated? A third to be | added to the dark catalogue of evils generated by the against the Lord Jesus Christ, who claims to be ‘the resurrection and the life,” and this isan evil the very | Suggestion of which should awaken in the minds of all who bear His name the deepest solicitude, BEREAN, SIGNS OF THE TIMES IN EARTH. To tae Eprror or THe HexaLp:— Never in the history of the world has there been a period when animate and inanimate nature and the thought and soul of man were so involved in strife as at present. From all the civilzed parts of the earth news is continually coming that either insects and pests or storms and tempoests are destroying the re- sult of man’s labor, as well as causing the race much direct physical annoyance, making a positive (not “seeming”) combination of the forces external to man to thwart him. Now, let us view man, as related to external'things, this climax of creation, for whom the earth was made and to whom was given dominion over all therein. Never was he in such a state of war, never more ready and anxious for revolution in every part of | the globe, than at present, Existing religious institu- tions are being questioned, for man finds that religion, as it exists, 1s not the pure thing it was when it first descended from heaven, but has become corrupted into a political power or, t all intents, an element purely social in all its branches and ramifications, Socially there exists great distrust among men be- cause religion has ceased to be a bond. Politically there never were so many oppressors and oppr the rich classes and the politicians in every cou the world were never more united in self-aggrandize- ment to the exclusion of the rights of those upon whom they blindly look as their dependents; so that life is a continual strife for existence between the poor and the combination of the rich and the rulers, This is the secret of the present warlike state of Europe, It 1s the combined sentiment of the opftessed of Europe against both Church and State oppression which is causing poli- ticians and statesmen so much uneasiness and so much doubt and uncertamty as to what move to inake in order to retain their ascendancy and power, Our own coun- try is as deeply involved as any country in the world in this order of things, as every poor man can answer for himself, ‘The connection between the strife in man’s heart and his external strife with nature is that the destruction of crops all over the earth by inundation, storm and in- sect will give a pretext to speculators for raising the | price of the necessaries of life to such a figure that the poor will be driven to desperation through their ina- bility to obtain them, will uprise and put upon their banners, with justice, the motto of oppressors, “Let the strongest take the prey." The struggle is coming, | and Deep in his Inir fixed Passion holds his breath. Who is to be the leader of mght and truth against might and corruption. Let our ministers turn to their Bibles and tell the people something of this, instead of reaching hollow-hearted sermons to hollow-hearted logs aud semi-religivus opponents of human freedom. WILLIAM. ISTERIAL MOVEMENTS. EPISCOPALIAN. A lady of Utica is expending $16,000 to put a spire, 230 fect high, on Grace church, of that city. The vestry and chureh wardens of Mount St, Mary’s | church, Baltimore, the extreme ritualists, for whose MIN stood a preliminary trial, havo Issued a protest acainst the finding of the Committee of Inquiry. .They say they have the fullest confidence in their clergy, as men sound in the faith, steadfast in duty and holy in life, and the resolutions of the committee are extra judicial They, therefore, ask the Secretary of the Honse of Bishops not to receive said document officially. The presiding Bishop has called a special mecting of the bishops in Grace church, New York, on Thursday, October 28, at ten o’clock, for the purpose of electing missionary bishops for Africa and China, and also of re- | The second annual Church Congress will be held in the Musical Fund Hall, Philadelphia, during the second | week in November. The corner stone of St. Mary's Protestant Episcopal church, Mott Haven, New York city, will be laid next Thursday afternoon by Bishop Potter. | Through the enterprise of the Rev. Ah For, a | Chinese missionary, a comfortable Episcopal chapel has been built and dedicated at Virginia City, Nev., and | 150 Chinese gather there every Sabbath to hear their | countryman preach the Gospel. The corner stone of Trinity church, Asbury Park, Grove, New Jersey, was laid by Bishop ny, on August 26. | rystal has entirely recovered froma | Jong illness and wiil to-day resume his duties as pastor of St. John’s church, in West Hoboken. ROMAN CATHOLIC, | Sisters of Charity, recently arrived here from lia, bave distributed themselves among the of the Order in Newark and Elizabeth, N. J., and Harrisburg and Wilkesparre, Pa, | ; P., the Dominican missionary ived an order from his superiors arney to Ireland, for the purpose of restor ing his h, which has been im a failing condition for | some time past, The Bishop of Tnlaneingo, Mexico, in a pastoral let- ter, deprecates the strarts to which the Church im that country is reduced. The salary of the priests does not average the w day laborer. The Bishop him self has frequently to ditie on a crust of bread. There is not money enough in the clergy’s hands to keep the churches and o nts in proper repair, and hence the Bishop says t isties are being filled with useless rags, giving the house of God the appearance of the most forsaken places. The St. Michael's Association, of this city, will have a grand mass of requiem pertormed in St.’ Alphonso's church to-morrow morning, in memory of the tate of | President of Eeuador, Don Garcia Moreno, Rey, Father Dornin, who was ordained at Seton H Jast spring, has been appomted assistant pastor at Bina J, . Thomas J. Toomly t# acting pastor of the Cathedral, Newark, during the absence of Father Do St. Mary's church, 500, Columbas, Ohio, will have a new The diocese of Green Bay embraces the northeastern portion of Wisevnsin, and contains a Catholic popuia tion of 60000 souls, There are ninety-six churches, fifty-4ix priests and thirteen ecclesiastical students in the diocese. Rev. John O'Neill, pastor of the Catholic church in Hampton Junction, N will commence the erection of a new church soon e A mission will be opened to-day tn St. Patrick's chureh, Brooklyn, by Rev. Father Damen and his band Of missionaries, tion of the Church of St Paul of the Heights, have purchased the old omy, on Cambridge avenue, to be sed as an academy for the Sisters of Ch Tt was opened on Monday, when 458 pupils wer Rev. Father Ignatius, of the Passionist Order, pastor | of the Chureb of the Holy Family, at Guttenberg, N.J.. | has been reealied to Pittsburg. ‘Rev, Father Timothy, | of the same Order, remains pastor of the Church of Paul of the Cross, Rov, Father Vanuta, pastor of St, Joseph's Catholic | | try | dist Episcopal chapel in Elizabeth, N.J., | Ridgebury, in Jersey City, has so far recovered from an ill- several months that he was able to officiate last farchtoness of Londonderry has commenced the of a Catholic church at her own expense in Newtownardes, The buyiding will cost £5,000, The cor- ner stone was laid by Bishop Dorrian on the 3d of Au- gust in presence of a vast inultitude, The case of Father O'Keefe vs. the Rev, Father Me- ‘atthe Wicklow Assizes, in Ireland, has been concluded with a verdict for the defendant, One of the Witnesses in the case dinal Cullen, The report that » Michael Bulger, pastor of Birr parish, in I deputed to como to this country and collec tons for Christian Brothers’ ry parish is contra- dicted by that gentleman, The bishops in. this coun- have prohibited such collections without special license, The largest rehgious procession ever seen in the Northwest was on the oceasion of the dedication of St Michael's church, im Stillwater, Minn., on the 15th of August, Bishop Grace officiated, The church will seat 1,200 and cost $80,000, The new church of tho Sacred Heart, at Highland Falls, N. Y., was dedicated by Bishop MeNetrney on the 2ud of ‘August. The sermon was preached by Father Preston, of St, Ann's, New York. METHODIST, Rev. W. R. Kiefer, pastor of the Strawbridge Metho- has deen transterred to the Elizabeth avenue church to fill the vacancy occasioned by the death of the Rev. RB. yard. The Methodists of St. Pant asociable last M : tracted particu! the Moody ond Saukey songs. The corner stone of the new Methodist Kptscopal churel: at Preston, Md., will be laid to-day, Bishop Janes has returned to this city greatly Im- proved and strengthened in health and vigor.” Dr, Dashiell returned from his camp meetin, Spring Valley, N. Y., last Monday, and thy a inissionary tour among the West- 's church, Jersey Cit ‘The feature wi ntion was the singing of several o' 5 vaca- ern conferences, * Rey. T. RK. Slicer, of the New York East Conference, pastor of the Methodist Episcopal church at Mamaro- neck, lefton Saturday Jast by the Baltic for Europe. He was accompanied by his wife, and also by Miss Rushmore and Miss Puller, of Mamaroneck, The party expect to be absent nearly a year, Mr, Slicer, who is a son of the late Dr, Henry Slicer, has been suffering for about four months trom the effects of diphtheria, and goes out hoping to. recuperate during the winter in th ider clim&te of Ital: The Rey, Dr. J. PL) an has been deputed by the General Committee of Washington city to see Messrs. Moody and Sankey, and find out what time they can visit lo that city'and hold a series of revival eforts, January has been fixed by the committee. The Sing Sing Methodist Episcopal church, Rev. D. Lull, pastor, are about to build a $90,000 church. They $40,000 and the lots to start with, The new Methodist Episcopal church at Monroe, N. Y., will be dedicated next Thursday by Dr. H. B Ridgaway. ‘Arrangements are all completed for building the new Methodist Episcopal church at Croton, N.Y. The esti- mated cost 1s $12,000. The pastor has a sub- scription of $7,000. The ok. church in this pl was built in 1786, ‘The Methodists of Chester in Morris county, N. J. are gaining in numbers so rapidly that their present a commodations are inadequate, and they have resolved to erect a new church ou lots donated by Major Budd, BAPTIST. The Rev. Samuel Alman, of the Second Mission church, New York, owing to the apparent impossibility of securing a better building for the services, has re- signed his charge, to take effect December 31. On last evening 349 persons were present in the hall, nd street, and if only a suitable building could be obtained a noble work might be accomplished. The Rev. J. Stanford Holme, D. D., of this city, has been spending his vacation in the West, While at Alton, IL, he unfortunately slipped and sprained one of his knees, rendering him unable to walk or stand, This aceident m: lay his homeward trip. ‘The Trinity Baptist church, Brooklyn, have purchased six lots of ground on the corner of Green and_Patchen avenues. The price paid was $1,100 per lot. They are now quietly and snecessfully collecting together funds for the erection thereon of a church edifice. The design is to erect for present use a chapel on two lots, at a cost of about $3,500, leaving the remaining four lots to build the main church edifice on, when the increased size of the congregation shall demand it, The building is to be 85 by 82 fect in size, constructed in the Gothic style, with main audience room and gallery, to panties seat about 400 persons. Immediately behind this will be an extension, containing a large prayer meeting room and two Bible class rooms, Rey H. A Cordo, pastor of the North Baptist church in Jersey City, preached his farewell sermon to his con- gregation last Sunday. During his pastorate of eight years 346 members were added to the church, and dur- ing the ten years’ existence of the church the sam of $79,846 29 was contributed. His new field of labor is in Boston. To relieve the Baptist church of Lancaster, Pa., of its financial difficulties, Jet! Davis has been invited to deliver a lecture. The writer of the invitation assured Mr. Davis that “Although this was the home of the late Hon. Thaddeus Stevens, and I was one of his warm friends, yet you need not fear of being well and cour- teously treated.”? PRESBYTERIAN, The new church at Narragansett Pier 1 rapidly ap- proaching completion, It is a model for a seaside building, comlgning church and lecture room, #0 as to make one large audience room, or two rooms, as the case may require. The small room is designed to ac- | commodate the few famihes who spend the winter months there. The land was agift. The edifice will cost $11,000; the walls are of stone and there is a stone tower and belfry. The First Presbyterian Society of West Troy have made a unanimous call upon the Rev. A. C. Bishop, of Sandlake, to become their pastor. He has accepted tho same and will enter upon bis new field of labor to-day. Rev. J. W. Wheeler is_ supplying. the Presbyterian ‘at Independence, Mo. The church 1s yet with- Presby terial connection. Rey. J. Caldwell is supplying the Presbyterian church ‘ant Hill, Mo., also at Liberty, on the north side of the river. The latter church was supplied for a long time by Rev. D, Coulter, For some years past he has been suffering with some affection of his eyes, which resulted in almost total blindness, and thus he was compelled to give up the active duties of his work. At the recent meeting of the Presbytery of-San Fran- cisco Rev. R. Sernngeonr, of the Presbytery of Dune- ealand, and Rev. W. H. Dean, of the Con- church, were admitted members of the is, or is abont to become has felt constrained to re- jution of the pastoral rela- yy accounts, the most in- of any inthe Synod outside St. Louis. D. hours Palmer, of Brockport, has accepted Hof the First church of Penn Yan, N. Y. Rev, T. Brittain, late of Cochecton, has removed to Orange county, N. Y. T. 8. Hamlin, late of Ypsilanti, has gone to Troy, church at St. Joseph G. Fack| v. a N. ‘The Thirteenth street Presbyterian church, of this | eity (Dr. Burchard’s) has been’ closed during the sum- mer, undergoing painting and repairs, Its fine front and entrance, exposed to the weather and toa deal of wear by reason of constant use, has been made as good as new. Dr. R. D, Hitchcock and family returned from their summer trip to Europe last week. The Professor looks in excellent trim for his coming seminary duties. His colleague, Dr, Schail, now on the ocean, ts looked for carly noxt week. The Presbyterian church at West Hoboken has been temporarily closed on aecount of the absence of the pastor, Rev. Mr. Egbert, at Egg Harbor. The troubles of the Prospect avenue Presbyterian chureh in Jersey City are multiplying. Glendenning and the few adherents who collect in the charch on days are to be tried before the Presbytery for of the canon in relation to the election of el- Elder Howell was unceremoniously set aside be- a ent of Glendenning, and # man named Bartley appointed in his stead. The church at Hillsdale, vacant since the departure of Dr. Bell to Cabfornia, has called Rev. Arthur Reed, of Medina, Ohio. A panic occurred in Great George street Presbyterian church, Belfast, on August 8, during the sermon. The sed by the breaking of a pane of glass he people rushed for the doors, and ® crush was so great that several persons were in- An explanation was made and the services were resumed, but a second panic followed, and several per- | Sons were injured. HISCELLANEOUS. Oliver Ames has built an elegant church at North Eas- ton, Mass, It cost § nd has a beautful memo- rial window to Oakes Ames, contributed by his sons. Robert Col Dr. Ta’ red va- Missions are calling for $140,000 during the present month, so as to enable them to close the fiseal year out if During the month of August they received 8,00), and unless the sum asked ts fortheoming | the missions under the Board’s care must suffer of cease to be Ministers and churches are very generally returnin| to the city, and the services, with few exceptions, will be resumed on the next Sabbath. We are retur: jor the people have been as generally ab- sent from the city during August as ther pastors, The Young Men's Christian Association of [linois are to hold their third Convention in Jacksonville October 4, 8. 9 and 10. Rev, H. A. Ottman, Moved to Southwick, Maas, ynal church there, the new spiro of th at in pl ational church in Berlin, Conn, » hundredth anniversary of its ex- late of Bor aud tak h, Conn., has re- charge of the Asylam Hill has just celebrated t istenco as @ church. The work of building the new Reformed church orner of Ocean and Danforth avennes, Jersey City, wh was commenced Jast Monday. The erection of thi church will ocenpy two years The dedication of tv rman Lutheran church at | West Hoboken, which was set down for last Sand Was postponed till the 26t on account of th sen the pastorin New York State, The First Reformed church of New Brunawick, N. J, was organized 158 years ago THE CAMP MEETING SEASON. MULTIPLYING THE THT AND OCKAN NUMBER, BUT REDUCING USEFULNESS OF CAMP MEETINGS GROVE, SEA CLIFF, DEN- VILLE, &C., FINANCIALLY AND NUMERICAL CONSIDERED, ‘Tho camp meeting season is over, and ministers and people are returning again to their respective churches POWER he erection of the | t | week | an Board of Commissioners for Foreign | ay the churches | and abodes in the city. Those who own houses or cot- tages in the country may stay away one or two weeks | more, but the ‘season’ may be said to have closed. The religious advertising columns of the Henatp indi- cate how many churches that have been closed during the summer are to be reopened to-day and ocenpied by the old familiar faces in pulpit and pew@ Not for many years, if ever, have so many persons left the city at | different times for a brief stay in the country or to | REAL ESTATE. | Foreclosure Sales. | spend a day by the ocean, and yet never, perhaps, have | to go away, The instability of business of all sorts bas made men afraid to be away long or to go far from home, and has hindered them also from | spending much money. Hence the various camp gatherings and fashionable resorts have not realized nearly as much money this year as they have done in otber years, At the camp meetings especially has this | fact been observable, The only encampment within reasonable distance of New York that has had anything approaching success this summer is Ocean Grove. It has had a population ranging from 4,000 to 10,000 per- sons ever since the middle of June. But though it has had numbers it has not had money, for people who went there lived more economically than was their wont, Board, which in other years could not be had for less than $9 or $10 a week, has been obtained for $7 this summer, There has been more ‘clubbing’ to- gether of persons occupying tents and cottages to re- duce expenses also, and many who have not beretofore ‘| taken boarders were very glad to do so this year. In consequence of this state of things and the hard times generally, ‘THE OCRAN GROVE ASSOCIATION, | to keep things moving and improveménts going for- ward, have overdrawn their treasury about $7,000, This of course is but a temporary deficiency, which will prob- | ably be made up before the opening of the season of | 1876, Ocean Grove has some advantages over its neigh- bor encampments which commend it to the conscience and enterprise of Christian men, It is older than most if not all of its kind in the vicinity of New York. It is | founded on a peculiar basis, the doctrine of holiness, or the higher life, to which its members are pledged, and | the financial and speculative features of the concern are carefully and studiously kept in the background, 80 that a person visiting there would not know without 50 many persons stayed here who could very well afford | Is There a “Noiseless Panic” in Real Estate? THE SHRINKAGE SINCE 1872. Confidence of Legitimate Holders in Their Property. The real estate market at the present time is a very intoresting study. For the past three or four years, and until guite recently, fancy prices have been de- manded; and capitalists who desired to invest only in paying property with the hope of seeing a rise in the future held off, believing that the market was inflated and that the time was near when real estate should settle back to old prices, such as prevailed before specu- Jators ran it up to fictitious values. As a consequence legitimate sales became fewer, and mainly due to the fact that holders, owing to high rates of taxes and insurance, were forced to throw parcels on the market. A large number of the sales of the past two years have been under foreclosure proceedings, at prices that are no indication of the market and such | that no property owner who can afford to hold his par- | cels would for a moment entortain. These FORECLOSURE SALES, it Is safe to say, are forced ones, and merely a transfer making special inquiries that the association was sell- ing lots or bad lots to sell. Besides, tho management has in Dr. Stokes an executive who is not otly a good business man, but a good Christian man. He is the soul and life of that camp ground, and he infases much | of his own religious vigor and fair and square dealing into | those in subordinate positions. Itis a pity, however, that he can’t infuse alittle more courtesy with alittle | more common sense into his secretary and superintend. | ent, Beagle. The complaints against this man’s boor- — ishhess are many and long, and some of them have reached the ears of members of the asso- ciation. If any man on a camp ground should be more civil and courteous than another, that man is he with whom visitors have to dei more or less officially every day. Civility costs httle or | nothing, and men in official and responsible positions might just as well lay in a good stock as have none at all, The moderate charges for tenting and such other accommodations as the association control is another inducement to people to spend a vacation at this place; and then the Atlantic is perpetually lashing the shore with his great waves and giving to thousands who throng there an opportunity to combine religion and recreation free from the tramimels and conventionalities of seciety on one hand and from its fashionable dissipa- tions on the other. SHELTER ISLAND ENCAMPMENT is at another extreme point from New York, also on the ocean, But it is more difficult of access, and it can, therefore, hardly ever hope to gain numbers from New York. It may by and by draw people from Connecticut and Rhode Isiand and Massachusetts, but it can never | be the place of resort for New Yorkers. Unlike Ocean Grove in the grandeur of its scenery, it is also unlike in its foundation, Money, not religion, is the basis of its organization. Dollars, not piety, are what is expected and to be gained from it. Butin this respect it is not alone. There are many other camp groundsall over the country laid out on the same basis and for the same ends. ‘Their projectors expect and hope to make money by these enterprises by and by. And they will, doubt- Jess, do so if they conduct them aright, Shelter Island has not been a success this year, either financially or numerically. A chosen few spent the vacation there and enjoyed themselves, but the men who were | obliged ‘to watch fluctuating markets could | not do so from such an inconvenient dis- | tance, Hence the crowds did not go thither, | ‘And those who did go lived as economically as their neighbors and spent no more money than they were compelled to spend. This was the case, too, at Sea Cliff, where, however, people, are every year erecting cottages for themselves with a view to a permanent res- idence there. There are half a dozen builders on the round now, either at work or preparing for it. But | Ba Clif, notwithstanding its nearness and accessibility | to New York, has not been a success this year, either numerically or financially, Its hotel management has fallen bebind about $5,000, and its steamboat arrange- ment about an equal suri. Nevertheless its projectors are now more sanguine of a great future before it than they ever were. They had an auction : SALE OF LOTS ON TUESDAY last, which brought them in altogether about $20,000, and none sold for less than $250, while most of the plots brought from $209 to $450 a lot. So well pleased are the trustees with the result that they have decided to repeat the sale again next Thursday, There were about seventy-seven lots sold in plots of from two and a half to seven and a quarter ordinary lots, This gives an average of about $221 a lot for choi sites on the binff, and 1s about as cheap as single lots can bo purchased on the meadow land. Strenuous efforts are being made by the people of Sea Cliff to tide over the winter the local minister's family by concerts, readings, fairs, &c, Last night Mrs. Anna Randall Diehl gave a series of readings and recitations from the writings of Tennyson, Trowbridge, Buchanan, Bungay and others, | the proceeds being for the benefit of the Sea Cliff church and pastor, ‘At Denville, N. J., there are too many restrictions placed on the freedom of the people to build or tent, which are likely to keep it backward for many years. While it had 5,000 or more people for one or two days, its meetings this year have not been more successful | than those of other camp grounds. Unless visitors | stay a day or two at such piaces they are of no benelit > financially to the camp, except for such percentage as the railroad may pay the camp association for the ttavel | thereto. Indeed, all round the circle this bas been a bad year for camp mectings, though there have been more of them than ever. Sing Sing, Round Lake, Martha's Vineyard, Old Orchard Beach, Me. ; the Thou- sand Islands Park, Chautauqua Lake, Merrick and at other places nearer and more remote trom New York have been visited, ana over all or nearly all of them might be written Ichabod—the glory has departed. They are no longer What they were. Instead of being helps to piety they dissipate religious thought. THE. CARDINAL'S TITULAR CHURCH. The Church of Santa Maria del Popolo, the titular church of His Eminence John Cardinal McCloskey, is situated at the bead of the Corso, and fronting on the Piazza del Popolo, in Rome, It bas been customary in Rome to have the Lenten sermons preached in many different languages on account of the great influx at that season of travellers from all parts of the world, and the church of Santa Maria del Popolo was devoted altogether to the services of the English-speaking visitors. Right Rev. Dr, McHale in 1832—then ranking as coadjutor to the Bishop of Killalla, and now the popular Arch- bishop of Tuam—preached a series. — Sub- sequently Dr. Wiseman, until his clevatton to the dignity of Cardinal ‘Archbishop ef Westminster, delivered the Lenten discourses thero for many years and was succeeded In that office by the present Cardi. nal Manning. When, in 1859, just before the season of Lent, Dr. Manning was telegraphed for on account of the death of Cardinal Wiseman and had to proceed to England, Father Tom Burke, 0. P., then residing at St Clement’s, was called upon to fil his place in the pulpit and preached the Leuten sermons for the next five years in the same church. Since the occupation of Ronic by Victor Einmanuel the yoico of the eloquent Dominican has ceased to resound in Santa Maria, the Lenten discourses have been discontinued and are’ bot likely to be resumed, Cardinal McCloskey in selecting Santa Maria del Popolo for his title has possibly selected the church best known to and most frequented by visitors speaking the English language, CHINA AND CHRISTIANITY. The Rov. J. V. N. Talmage, missionary of the Re- | formed Church of America in Amoy, China, writes con | cerning the present and pressing call for missionaries in that dark and far-off land, as follow: “The call for Christian laborers tn this empire ts most pressing. Tho attempt to grasp the vastness of tho field staggers the mind, All the Christian laborers in China put together compared with the mass of tho population are but as | ‘adrop in the bucket,’ This vast emptre ts already open for missionary effort far beyond our present abil- tty to ocenpy It It ts soon to become more open to foreign influence, The wedge which has partially en- | tered ig not allowed to re . The blows from without Increase in frequency ote The power of resistance is gradually — yielding.’”* The Doctor | bas little faith i the “many sehemes cet fon foot by foreign merchants to introduce Western civilization and literature without Christianity, These people think Confucianism, which 14 non-religion, 18 good enongh for the Chinese when modified and im- proved by European scientific literature ‘The Doctor | adds that on June 18 some of the prominent foreign sidents of AMoy met together to discuss the sutyect and arrange a plan for the establishment of a reading: | room for the Chinese, It {8 proposed to furnish all the | newspapers now printed in the Chinese language and all the books prepared by foreigners on mathematics, astronomy, geography, chem.stry, government and on every subject except Christianity Christian books inust be excluded lest they should prejudice the heathen It ts just the same kind of against the reading room, notion that made the British govern India in former generations oppose Christianity and favor heath. eniam. They hoped thus to conciliate the heathen and prevent rebellion. The Sepoy mutiny was the com- | mentary on the wivdom of the plan. The b wl Just finished the translation of the Heidelberg Catcehism into the Amoy colloquial It ts to be printed \inmodi- | ately, of titles from the buyer back to the original owner. or his assignee, or, in other words, a full forfeiture of the property. Many legitimate sales have been made of large parcels to close estates, and some private sales have been recently made, The numerous foreclosure sales have had the effect to retard offerings and dis- courage inquiry for real estate, and the majority of sales at the Exchange Salesrooms for two years have been foreclosures. Besides all this there is tightness in the money market, which fact assists to force prices down from the high figures put upon pareels by specu- lators, who, in expectation of great local improve- ments, looked for large profits upon their ‘INVESTMENTS, At no period since 1866 have there been so many foreclosure sales. In tho following year (1967) began the heavy investments and speculation in uptown prop- erty in expectation of the effect of the Central Park and Boulevard improvements, and for five years, or until 1872, prices ran up, up, up far beyond actual values, The great improvements shown on paper never came, and asa result reaction took place, and fore- | closures became the order of the day, Prices began falling away to the old standard, until now there are no offerings outside of these forced ones. It is quite certain that no one who is able to hold his property shows any disposition to throw it upon the market at current prices, Thus, with the gradual re- moval from the market of weak holders, through foreclosure proceedings and the return of so large a volume of real estate to the original owners, we have a new condition of the market, The indications all point to a revival of activity and a re- turn to a sounder kind of business in the future, The weak speculators are being driven from the market by these foreclosures, and the real estate most likely to | | normal value, have marked every ten years, It was so become the subject of future activity has fallen into the custody of capitalists, banks, insurance companies and | other parties, who, being abundantly able to carry it, are indifferent to the frequent fluctuations of values. Nearly all the real FIRST CLASS IMPROVED PROPERTY UP TOWN is held by gentlemen of means and by moneyed insti- | tutions, and rarely is it thrown upon the market except under an executor’s salo or when savings banks and like large holders of mortgages are forced to realize thereon. As a consequence, substantial houses in fine localities show a fair steadiness in values, The same is true to some extent of the other extreme, of tene- ment property and houses owned by the thrifty | foreign element, notably the Germans. This class of investors buy property for investment and rental and not to speculate upon, and, having once paid for it, they generally hold it, and are satisfied to draw the rents. There is no Immediate danger of a monetary ‘panic that will force holders of mortgages to call them The Number and the Meaning of | | | | in, and hence there is no reason to suppose that im- | proved property will, when business revives, be subject to any serious or sudden fluctuations. Speculation is | likely to be confined to Westchester county and unim- | proved property in the upper part of the city and on the outskirts of Brooklyn, where RAYID TRANSIT is likely to enhance the values. Then, the old experts of the real estate market expect to see fancy prices rule fora season; but the general opinion seems to preva'l that the market has touched a point where the fluctuations up or down will be but trifling. The removal of the Post Office to the new structure is likely to Ox the price of downtown property about it for the next decade at a good price, that will not be sub- ject to frequent fluctuations, and inconsequence rooms and stores about it aro in good demand at slight ad- vances on the ruling rates of the past two years. The | movement of real estate in this city has always more or | less been subject to the capr ce of the money market, THR LESSON OF 1835-7. ‘Tho great fire of 1835 destroyed over 600 stores, and our mercanti'e interests were crippled in consequence. Profiting upon their mi-fortunes speculators rushed in, run up real estate to fabulous prices, and these were maintained until the banks suspended, in 1837, when the big real estate bonanza melted away and the in- flated property fell off to its natural level. So it was in tho later financial crises of 1847 and 1857. Specula- tors who had “bulled” the market felt the pressure, and, being unable to carry the large parcels, forced {t upon the market and so'd ata sacrifice, The last infla” tion of prices in general began in 1863 with tho inflation of the currency, but 1 was not until 1867 that real catate took its rise. Real estate was the last to feel the effect of inflation and go up, and now it is the last to come down. After the war closed everything elso began to fall off In value, THE GOLD PANIC OP 1360 was tho culmination of inflation, [t was the pricking of the inflation bubble. But not until 1872 and 1873 did real estate conform to the new order of things and begin to drop away to the old values. however, not forget that the prices realized at fore: closure sales of mortgag: » likely to be below tho market value, not to the same extent as the fancy or inflated prices were above ‘val market, and where this fact 1s realized by shrewd obsorvers of the course of values large parcels are passing into the hands of corporations and individuals whe can carry them, with the result oftending to fix vaiues on a sound basis, While, as has already been stated, THR SALES BY PORECLOSURE are no indication of the real state of the market, as their indirect eflect is to make capitalists cautious in investing in property of this character, all authorities agree that th 18 instituted this year are largely in years, perhaps thirty per cent more, instituted to compel interest merely, and are never for hammer owing to the interest bemg unpaid, Official ree turns show that the suits instituted tn New York and Brooklyn during the past five weeks are as follow: New York, Brookiyy Ww Last week in July. First week in Angus Second week in August, Third week in Augnst Fourth week in August Total five WeOkS..... sees eeseeeeee 18 There seems to be a disposition this fall on the part Of holders of mortgages to prepare for an emergenc foreclosing upon them, and owing to the stringe dition of the money market hundreds of holders lands and tenements aro pelied to default in pay- ment and lose ail they have imvested. Titk GRNERAL VIEW TAKEN BY EXPERTS, watehed the movement of the real estate years, 18 that the mach; that fictitio who hay market f entire: too not at all pric within the wetual value, have prevailed, and that now Weare likely t0 see Values tind their natural level This, they argue, is shown in the present stagnation of the market and the decline in. prices for first clast parcels as compared with 1 One extensive and e te a8 opinion that the prices fi tate are setting of to their hatnral level, 3 ere are certain kinds of property Which are not likely to be affected serivusly by the pre- vailing prices ou the s THE MARKET 18 AT A STANDSTILL and hardly any sales besides those at foreclosure are be- ing made, and even these aco not bond fide transactions, | but Dorely transtors of Utes thas give no indications of | architect to Mr, . $$ $$$ tne actaai condition of the market or the prevailing values. Another operator expressed tho opinion that prices are fully thirty-three and a third per cent bolow ) the figures of two years ago. Indeed, some ‘e gone ‘off more than that, but, taking the city and the suburbs us a whole the decline is about thirty-three and a third aed cent, The great trouble is that property in the oat- lying towns, like those along the line of the defunct Bos- ton and Montreal Railway, and on Long Island, has been Tun up and held at fabulous prices, and now, owing to the stringency in the money market, IT 18 TUMBLING TO ITS NATURAL LEVEL point of value, Speculators. who e bought in > large tracts and laid out villages find that they cannot | get their figures, and, bein, | A COMPARISON WITH 1837 | pushed themselves for money, they are forced’ to sell at a point nearer actual values’ People can with difficulty meet their interest and taxes owing to the tightness of the money market, and those speculators who have made calculations on large prices, finding money becoming tighter and tight- er, will be compelled to scl. First class’ city property, however, will always command a fur price, and will not be sacrificed to any great extent, There are always men of capital in the market ready to bay choice city lots, improved or unimproved, at a fair value, and hold them for a rise. Another nsive dealer in real estate, whose trans- actions are very large in brisk seasons, reports that the stagnation of the market is most marked, and few transactions are being had, He agrees with others that prices have about found their level, and ‘THB SHRINKAGE FROM TWO YEARS AGO 18 FULLY THIRTY PER CENT. “High taxes have much to do with the market,” said he, “and last week I paid in taxes $1,500 on a piece of property which two years ago I paid but $150 on, We have demand for some property from porsons who have money and can afford to carry it for arise. The fluctuations are not great, but persons who can purchase Pp continue to buy and wait for tho turn of the tide” You know, no second flow of the tide 4s as low as the first. We are now at the lowest tide in real ostato, and I should say prices run from twenty- five to thirty per cent below thoso of 1872-3. We are about down ‘to actual values, Some property, such as you will tind on Broadway, below Fourteenth street, is Still high, and is likely to remain so and NOT FOLLOW THE DOWNWARD TENDENCY of other parcels, Owners hold it rather than sell, and Ldon't believe you could buy four lots in the market, Stores on Broadway held at $40,000 rental are empty, tho tenants having been driven’ to side streets; bub when rents fall, as they mast, fifty per cent, tenants will return to Broadway, which, after is the centre of mercantile "business. — Comptrollor Green's policy has been so destructive to improve- ments that uptown property, along the boulevards and about the Park, that has been kept for yeurs at fancy prices, can scarcely find a purchaser, and it is down fully fitty per, cent, or about to its legitimate value, I take a very HOPEFUL VIEW OF THE MARKET for the future. Our speculators, who have purchased and held for a great rise, owing to the prospective city improvements, will be singed, no doubt, a little, but the market generally will not likely experience any panic, Choice property will always command a fair vaine; and no matter how tight the money market, somebody always is ready to tako it at fair valuation, ”? “TP should say there has been a shrinkage of fully thirty-three per cent within two years,” said a veteran operator yesterday, ‘We have not had for years such a holding back, @ fear to venture into transactions, People are cautious; this isa good sign; hence 1 take a hopeful view of the future. Owners want their old faney prices, and, if they can meet the interest, they | bold out, and buyers will not venture unless they seo their way clear to a bargain, BOTH BUYER AND SELLER WAIT for a more convenient season, which I look for, whem real estate will change hands'at its fair valuation, Wo have been going too fast, have run up to fancy prices; we must pause,’ I recollect many ex- Ampled of this Indation of, the market in years past, For instance, I sold in 1845 property about Ninth avenue and 100th street at from $9 to $75 per lot, which, as a part of the Clendenning estate, ten years before waa held at $1,000 per lot. Now it is wortn’ probably $3,000 r lot. Before the great fire of December 16, 1835, and mmediately after, real estate had been run up to fab- ulous prices and speculators gambied in it extensively. The firecame and then the panic of 1837. The ban! suspended payment and real estate tumbled. Between the fire and the panic real catate was very active, and my sales in the month of January succeeding the fire were $6,000,000, nearly all of which, I have reason to believe, were legit. mate transactions, The fire destroyed twenty acres of buildings in the neighborhood of Beaver and Pearl streets. Before the fire the estate was valued, with the buildings, at $500,000, After the fire the ground alone ized $600,000, As above said, about this time real estate was the great speculative article, { MEN RUSHED WILDLY INTO VENTURES, bulled the market and put prices from fifty to sixty per we and cent above their real values. The banks stopped, ever, the crash came on the 9th of May, 1837, fancy prices had anend We have had just such ex- | periences nearly every ten years since 1817. An inflation of real estate to an artificial value, a financial crisis, a gencral decline of real estate, until it reached its in 1817, it was so in 1827, it was so in 1837, in 1847, in 1857, in 1866-7, and I should not bo surprised if we have it again next year and the year after, As I have ak ready said, we move too fast. WE WILL HAVE TO PAUSE AND CATON UP; prices can’t be always up; there is a great deal of rot- tenness in real estate transactions as in banking insti- tutions, and for years to come we will not realize the prices owners have put upon speculative property. “The men who have been spending money in the hope of local improvements enhancing the value of their property will lose heavily, This will be the case es cially on the line of the Park and the boulevards. We have got to pay the penalty of our extravagance and come down to the common sense view of the matter, “The foreclosure sales are no indications of the mar- ket. They are controlled by rings, and in very few in- stances do they bring anything for the mortgageor, The mortgagee buys it in, and THE MAN WHO HAS RORROWED on it loses his investment, and frequently a judg. ment is given against him for the difference between the amount loaned and that realized by the sale. These sales do not involve a question of value but of title, They are merely transfers of title back to the origmal owner, This is all the significance attached to these sales, unless that they show the be taage of the money market and the inability of holders to meet the ob- ligations they have assumed. ”? “We are coming down rapidly,” said a well known real estate operator, “to acti values, and a more cautious order of things. The majority ‘of capitalists who invest in real estate see this clearly. They think that prices — will rule even lower, | and it is true that yon will find but very few transactions made, buyers not being willing to listen to the prices asked, So far as our ex- perience goes there are no independent property owners in the market, In fact they hold for higher prices, Every man 18 WILLING TO CONCEDE A DECLINE, but holder’ who are able to carry parcels are notgrilling ‘to sell $45,000 worth for $20,000 or $30,000. I think, ag they do, that there are better times ahead; that capital will fight shy of fancy property in the city and suburbs | and wateh its opportunity to invest in city property that is not affected ‘much by the sudden rise | and fall of speculative parcels, [estimate that the shrinkage in real estate values is fully thirty. per cent against the ree ruling prices of 1872-3. The foreclosure sales should not be taken into consideration in ascertaining the con- dition of the market. They are sales not even worthy of notico— MERE CHANGE OF TITLE, areplacement of the property in the hands of the original owner, Prices for the last three or four years have been entirely fancy, inflated by inflationists to a point where the strain is felt, and now the indications are that real estate will find its level and fluctuations in ture be less marked. Here, as an example, 14 a house that could not be purchased for $89,000 two or three years ago just sold for $60,000, and here again is one held two years age at $100,000 sold for $80,000 cash. ‘These cases are a few of many that could be cited to show that the shrinkage is very great. Owners of first class property hold it for the old prices, but rarely refuse a fair offer. A gentieman and lady recently examined a very fine house, in a good part of the city, and offered $125,000 for it, which was accepted, although it could have been purchased for $85,000 or $90,000 had the offer not been made, Property on Broadway, below the Post 01 has been held for three years for an advance, and re- | cently sold for the original price demanded. There The public should, | rket has been forced | have been within two or three months several such sales, AMONG THE MEN OF THE STREET the report is that solid property owners are not af. fected by the fluctuations, and await their opportunity, They generally take such'rents as they may have of fered if they suit them, and cover taxes, Water rents, insurance, repairs and interest, If not, they hold them for a rise, knowing that sooner or latcr their time will come. jy survey of the real estate market satisfies me that prices are likely to rule lower for some time to come, to approach nearer actual values than they have for years. 1, therefore, look for an FARLY KEVIVAL OF THE MARKET and a return to fair prices on all properties of road Ines, while fancy parcels, kept up to ‘ball’ the mar- ket, must largely fall away val values. ’* From the above opinions ¢ ur lewling operators it is very evident that we have seen the last of fancy prices for the present, and that, as the prices drop away toa point where capital awaiting investment cap be safely placed, the stagnation that now exists mast be of ghort duration; legitimate sales must take the place of the forced sales, coniidence be again restored to the mat and sudden fluctuations become less fro. quent, and, as a consequeace, stability apd caution will replace distrust and speculation. REAL ESTATE EXCHANGE, The Real Estate Exchange was only slimly attended yesterday, Nota dozen persons could be found within the salesroom, I. A. Steele sold a tot on Eighty-fourth street, near Eleventh avenue, to the Union Din Bank for $2,500, They hold a first mortgage property for $2,800, Itis a choice piece of property, and sold three years ago for $1,200, There were no private sales, A RARE DISCOVERY. The London Standard of August 16 says:— The workmen in excavating the site of the new Opera House, came, on Friday last, upon a superb relic of @ past age in a sword encrusted with rust, but with @ pommel found to be of solid fine gold. ‘This weapon has been pronounced by antiquaries to be probably of the age of Edward 1 of IL, and formed part of the original panoply of a knight (qualified to use gotd in their arms), tis Supposed that the sword was either lost or thrown overboard in asenile, of in an attempt at rescue in ap arted beat on the river, the place where the weapos was fou responding exactly to the line usually taken b ts conveying prisoners from tho adjacent ancient palace of Westminster to the Tower. The sword is now in the possession of Mr. Francis Fowler, the Maploson's new National Opora Hous.