The New York Herald Newspaper, June 23, 1876, Page 6

6 NEW YORK HERALD ———— BROADWAY AND ANN STREET, —-_—_ JAMES GORDON BENNETT, PROPRIETOR 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. All business, news letiers or telegraphic despatches must be addressed New Yore BB ee 1d b 1 tters and packages shcu! e proper! sealed. ™ . if Rejected communications will not be re- turned. PHILADELPHIA OFFICE—NO. 112SOUTH SIXTH STREET. LONDON OFFICE OF THE NEW YORK HERALD-—NO. 46 FLEET STREET. PARIS OFFICE—AVENUE DE L'OPERA, Subscriptions and advertisements will be received and forwarded on the same terms as in New York. VOLUME XLI. - NIGHT. THEATRE. t PM, W. J. Florence, GILMORE'» GARDEN. GRAND CONCERT, at 8 P.M. KELLY & LEON'S MINSTRE! wep. x, ** i OLYMPIC THEATRE. VARIETY, at SP. M. PARK THEATRE. THE KERRY GOW, at 8 P.M. BOWERY THEATRE. CALIFORNIA PIONEERS, at 8 P.M. CHATEAU MABILLE VARIETIES, eos P.M. UNION SQUARE THEATRE, THE VORES FAMILY 8M. PARISIAN VARIETIES, 08 P.M. FIFTH AVENUE THEATRE. pion, atSP.M. DIVURCE matine 2PM. Fanny REW YORK, FRIDAY, JUNE 2: From our reports this morning the probabilities are that the weather to-day will be generally clear. ing the summer months the Henaxp will be sent to subscribers in the country at the rate of twenty-five cents per week, free of postage. Noricz to Country Newspxauens.— For and regular delivery of the Hznatp fast mail trains oraers must be sent direct to this office. Postage jree. Wary Street Yesterpay.—Stocks were lower and feverish. Sales of the day, 90,900 shares. Asharp decline occurred in New Jersey Central. Gold sold at 112§a 112} Money loaned on call at 2 per cent. Govern- ment and railroad bonds were generally steady. Tae Masnos of the Basque provinces are doomed, and with the disappearance of these local privileges the unification of Spain will become more of a reality. 1876, Hica Wins, accompanying the low baro- metric pressure and created by steep ther- mal gradients, may be expected in the West and over the lake region during the next day or two. Ir Looxs Lrxz a Qurer Canvass.—People are not to be excited about Hayes and Wheeler. The ticket is a good heavy ticket, but it has no hurrah in it, Well, it is fortu- nate we can hurrah about the Centennial. Tre Gauiant Act of Captain Gifford, of the American whaler Young Pheenix, in rescuing the survivors of the Strathmore, will be re- warded by the British government with a valuable piece of plate. This is a deserved tribute to the Captain's humanity. . Uncuz Daxter tells a dismal story of | Wall street luck, in his examination before | Register Williams, as to the cause of his | bankruptcy and the whereabouts of his once great fortane. He claims to have done busi- ness different from everybody else, and that probably will account for his financial dis- asters. Lrrrz Dexmarx insists upon preserving her position in Europe with sixteen batteries of Krupp cannon. Denmark is a most in- teresting country, the smaller nations. But in the event of any general war in Europe she would have to unite with Germany or be wiped from the map. "i Frenca Jovrxauists have still a little mar- tyrdom within reach. The munager of Le Bien Public has got himself into prison for | three months by only insulting the Catholic | religion. An American journalist might write himself up to the neck in vilification of that faith before he could secure a sum- mer’s residence on Blackwell's Island. Tux Run on tHE Dry Dock Savincs Bank vontinues unabated, although the bank offi- sials present a satisfactory balance sheet. The class of depositors who have intrusted their savings to this institution is one easily affected by unreasonable panic, but no one can blame a poor man or woman for making sure of his or her little reserve for ‘‘a rainy day’’ when there is the slightest danger of losing it. 3. Tue Torrevo Exproston at Greenville, N. J., is being investigated ; but little evidence has been givén as to the cause of the disas- ter. Two of the wounded are likely to die, their injuries being regarded by the physicians as fatul, while the others are under the care of their friends, suffer- ing from the effects of the explo- sion. There isan opportunity afforded by this calamity to pronounce strongly against the employment of young children in any factory where explosives are used, and we hope that the Coroner's jury will not neglect to avail themselves of it on account of any misconception of their duty. Yesteavay's Reoatra proved to be one of the most enjoyable yachting events of the season. Besides the contesting craft the Bay was dotted with gayly decorated steamers, filled with people bent on enjoy- ing themselves, and to whom the occasion was pne of unrestrained mirth and enjoyment, which was heightened by music and the excitement of the race. In contests of this kind the first away is as liable as not to be the last to return ; so that expectancy is al- ways kept alive by doubt until the race is finally decided. The management of the was admirable, and every one re- as to the city pleased with the day's sport. one of the finest among NEW YORK HERALD, FRIDAY, JUNE 23, 1876,—TRIPLE The Currency Question at St. Louis. The most difficultand distracting question in the Democratic National Convention will be that which is certain to arise between’ the hard money and rag money wings of the party. The hard money journals that try to belittle the controversy by representing the rag baby as merely the local pet of Ohio dd not state the case fairly. If the champions of rag money were confined to one or two States the question could cause but little embarrassment, But the real truth is that the democratic party is pretty evenly divided on this question, and the soft money wing is quite as unyielding and aggressive as the hard money wing of the party. The proof of this is found in the action of the demo- cratic members of Congress during the pres- ent session. It is notorious that they held caucus after caucus, extending through the first three or four months after Congress as- sembled, in the hope of reaching a common understanding on this question ; it is noto- rious that all their efforts were abortive; notorious that the soft money men stood their ground, and that their hard money opponents were not strong enough to out- vote them in any of those numerous attempts to establish a party creed on the |money question. There can be no doubt that the democratic members represented the views of their constituents. Most of | them will be candidates for re-election this | year, and as they are courting popularity in their several districts it seems a fair infer- ence that the popular democratic sentiment | in fully one-half of the districts is opposed toa speedy or a forced resumption of specie payments, The delegates to the St. Louis | Convention from the same districts will rep- | resent the same view, and the opposition to a hard money platform will therefore be powerful and formidable. The soft money men in the Convention are likely to be reinforced and aided by s num- ber of Eastern delegates who have no active sympathy with their currency views, but are willing to make them an instrument for de- feating Governor Tilden. The real ground of their opposition to him is not that he is a hard money man, but that he stands in the way of their favorite candidates. They are, of sucha platform os would make him an impossible candidate. The platform will be adopted by the Convention in advance of the balloting, and as Governor Tilden is the foremost representative of hard money that part of the Eastern delegates who are bent on defeating him will favor a platform on which he cannot consistently stand. This isa mere stroke of strategy for heading off Tilden, and a number of Eastern delegates who would otherwise prefera hard money platform will assent to a compromise because a trimming platform would weaken Tilden’s chances for the nomination. If these tactics succeed the sott money sentiment, will seem stronger in the Convention than it is in fact. The Cincinnati platform has made it com- paratively safe to play this game against Tilden, The Cincinnati Convention aban- doned the act fixing January 1, 1879, as the date of resumption, thus renouncing the basis on which the Hayes battle was fought last year in Ohio. This retreat from the leg- islation of a republican Congress, this con- spicuous withdrawal froma pledge to re- sume at a definite date, and substitution of a vague promise to resume when it becomes practicable or convenient, is a concession to Western feeling which cripples the republi- can party on the currency question, and leaves on open field for safe dem- ocratic manceuvres in the face of the enemy. The St. Louis Convention is quite as likely to handle this question with a view to weaken the New York candidate as to injure the re- publican party. It is humiliating to see so important a question degraded into a mere football of factions ; but we see no reason for hoping that the St. Louis Convention will plant itself on the high ground of prin- ciple. If it be the intention of the democratic party to trim on this great subject the most dexterous thing it could do would be to readopt, word for word, the currency plank of the Cincinnati platform. Anything weaker, anything more hollow and meaning- less, could not easily be found, and the effect of its exact readoption at St. Louis would be to take the currency question out of the canvass. We must not be understood as recommending such an artifice, for we teel nothing but contempt for the tricks and dodges of politicians. But if the St. Louis Convention is going to shuffle it might as well shufile to some purpose. Political | tricks and trickishness are detestable ; but a bright trick is better than a stupid one, and a verbatim adoption of the Cincinnati decla- ration on the currency is the most unassail- | able position the St. Louis Convention could take on the subject, it it lacks courage and principle to make a square, honest fight for hard money. Specie payments at some in- detinite future period is precisely the policy advocated by Mr. Pendleton in his speeches against Hayes last autumn, and it is pre- cisely the policy put forth in the Cincin- nati platform. Pendleton’s later speeches in that canvass and the republican | platform are as like as two peas, and the literal readoption of this platform at St. Louis would concede all that the Western democrats demand in a form which would make the democratic platform invulnerable to republican assaults. St. Louis would | simply say to Cincinnati, ‘We accept your surrender.” The chief point of attack in the Allen campaign last year was forced resump- tion in 1879, and on this point the Cincin- nati Convention made an unconditional capitulation. An indorsement of that act was moved in the Convention by Mr. Davis, of Texas, and was contemptuously voted down by an overwhelming majority. If, therefore, the money plank of the Cincinnati platform were adopted without the change of asyllable at St. Louis the acceptance of the republican capitulation would be con- spicuous and complete. The currency question would be taken out of this canvass and adjourned for future settlement. We do not advise this, for if our advice could strongly in favor of a vigorous declaration for hard money. But if the Convention is going to trim it might as well trim to some purpose. We despise the game, but we \ have pointed out a sure method by which therefore, willing to assist in the construction | have any weight at St. Louis it would be | the St. Lonis Convention can trump the re- publican trick. The wisest and soundest advice which the Democratic Convention will receive from any quarter is that which we gave it yesterday— namely, to pledge the party to restore specie Payments within the four years which measure the next Presidential term, and as much sooner as possible. The furthest limit would be 1881, and if such a pledge were sincerely made and sacredly kept the currency of the country would be restored to soundness without any sudden shock orconvulsion or any derangement of busi- ness. The country would know what to ex- pect and to depend upon, and relief from uncertainty would beget confidence and set the wheels of industry in motion. It is absurd to think that we can reach specie payments by ssudden jump or a financial coup de main. It requires cereful prepara- tion, directed by great prudence and fore- sight. It requires a large accumulation of specie, which cannot be suddenly brought into the country without disturbing the money markets of the world and causing our policy to be opposed and thwarted by other countries. We have a great deal to learn from the instructive example of France. France has not yet resumed, although her paper currency has been at par for nearly two years and although there is an immense stock of gold in the Bank of France. Very soon after the close of the great German war she began to contract her paper circulation and to accumulate gold, and for nearly two years she has had most of the advantages of specie payments with- out the attendant dangers. Her caution may be excessive, but when she begins re- sumption she intends it shall be perma- nent. But her promptness in starting on the road was equal to her caution, and it is to be wished that our country might eraulate so wise an example. If, after so much imbecile delay, the democratic party would put us in the same path, it would establish a claim to public confidence and gratitude. But this is more than we dare expect. Extradition with England. It was quite to be expected that about this time some of the London newspapers should begin to talk in a wild ‘‘Rule Britannia” strain about the inviolability of her shores in the matter of refugees flying thither from ezar-trampled, king-crushed, prince-trod- den or priest-ridden countries. In spite of the fact that England, in utter defiance of a solemn treaty, has just released a pious American forger and one less pious, and is about to release another whom she will be obliged to put in prison on her own account, after refusing to hold him on ours, we are treated to flaring disquisitions on ‘‘the im- memorial right” to know why she gives up “the meanest refugee.” Better have no treaty at all than that England should yield this immemorial right to any Power, says the Daily Telegraph, grand- iloquently. There has truly been shown throughout this controversy a wonderful amount of ignorance and wrong-headedness on the English side. The right of asylum for political offenders, on which at the last shift the English position is based, has nothing to do with the cases of these as- sorted forgers. It is a principle which America would be quite as tenacious of up- holding as England could be. Happily this inclination to soar into lofty principles with a fine old English irascibility is wanting in the London Times, which has expressed the opinion that the termination of the Extradi- tion Treaty would be a calamity. It has, however, been terminated, and by the de- liberate act of the English government. Whatever inconvenience it can bring upon the two countries we are about to experi- ence. England, having violated the pro- visions of the Ashburton treaty by releasing fugitive criminals whom under its provisions she was bound to return to America, has put it out of the power of the United States, or any self-respecting government in its place, to recognize an instrument so thrown aside as possessing any binding force whatever. The treaty of 1842 is dead. It has long been desirable that the scope of our Extradition Treaty with Great Britain should be enlarged. It isthe last matter in which attempts to make party capital should find a place, and on this side of the Atlantic no disposition of the kind has been visible, so that the United States can enter into negotiations for a fresh treaty without the least shade of ill feeling. It is not certainly encouraging to find England, that prides herself so upon her morality, so prompt to tear up, on the whim of a moment and at a time when it looked as though she believed she held hostages that would force us to her terms, a treaty that had stood the test of over thirty years. The failure of England to force a new principle into the old treaty, although at a sad cost to both countries, will not, we hope, be lost upon her officials when they set about the task of negotiating a new one. The position taken by Secretary Fish has vindicated itself in receiving the support of the best legal minds in England, and has only been met by the obstinacy of the Foreign Office and the chop-logic of its journalistic supporters. It has been shown that we could not be co- erced from the right, and that gives our government strong ground in future negotia- tions upon the subject. Tue Wonxmen Cominc.—We have shown so many attentions to Dom Pedro, as the head of a great nation, that we should do something to show our appreciation of the delegation of French workmen which left Havre the other day to visit the Centennial. Dom Pedro came from an Empire ; these workmen come from a Republic. They come from a people with whom we should be only too glad to fraternize in this Centennial of a liberty which we owe largely to France. The coming of these workmen is a notable event, and we trust they will be welcomed as re- publicans and workingmen. Tnx Srazet Rarroap Comranres are get- ting into trouble for not paying license fees to the city. The Forty-second and Grand street line is sued for thirty thousand dollars, and claims exemption on the ground that the other companies do not pay. The law is very explicit on the question, and the action of the city has caused the directors to display unmistakable signs of nervousness, “John Smith” and the Caldwell Despatch. “John Smith” has unearthed himself. His name is James C. Reed. The whilom confidential clerk of Josiah Caldwell, he now stands to that patriot in the more endearing relation of a friend. He it was who sent the famous ‘Favo” despatch, who wanted Colonel Scott to pay for it, and who finally paid for it himself with a friendly zeal tem- pered with economy that is positively touching. After Mr. “Reed’s explanation we suppose that individual thinks the whole matter is clear as day. .Unfortunately it is not. Itseems to be the misfortune, if not the policy, of Mr. Blaine’s friends always to leave something for the gentleman from Maine to explain. There is always a thim- ble left for him to turn, under which ‘the little joker” may be hiding. When the Pro- fessor turned up his sleeves and pro- ceeded to read the Mulligan letters to the House he left the unpleasant im- pression that several ‘little jokers” had been smuggled out of sight into the pocket of his assistant. Among those, however, which hopped out on the table was Blaino’s reminder to Fisher about the ser- vice he had done Josiah Caldwell in his rul- ing as Speaker, and hence we can perceive how Caldwell would be unlikely to refuse so small a favor as to retransmit a cablegram exonerating Blaine. The great point which Mr. Blaine and his friends desire to make now is that the telegram from Caldwell to Proctor Knott was not bogus; but the difference between a spontaneous tes- timony from such a man and the cooked composition that came _bear- ing his signature is obvious. It was of no particular valueas evidence any way, and Mr. Knott might fairly have announced its receipt; but there was evidently something about it which instinctively troubled the Kentucky statesman. He thought it was bogus, and it has only turned out to be the next thing to it Well might the simple- minded panegyrist of Duluth wonder how Blaine knew all about the despatch he had in his pocket, when we find the shifty friend of Caldwell, who hatched the whole thing, proclaim that he knows not how Blaine came by his knowledge thereof. Far be it from us to impeach the veracity of “John Smith,” but for all the Table Moun- tain truthfulness of this excellent being we are tempted to fear that he must talk in his sleep or that he is so diaphanous in compo- sition to the eyes of all Blaine men that they could easily see through him and know what he had been doing without the necessity of his uttering it. Mr. Blaine cannot aver that his friends have lacked zeal in defending him. There has been, in fact, trop de zéle. He set them the example. It would not be enough to meet accusations in the ordinary way, but everything had to be done with a view to theatrical effect. His record, as far as it was exposed, brought some ugly things to light, but in his super-adroitness he has always left the impression that worse re- mained behind. We can dismiss Mr. Reed with a smile, but the republican party may bless its stars that ‘in the economy of Prov- idence,” as the wooden nutmeg rhetorician phrases it, the identity of ‘‘Favo” with “John Smith” and of ‘John Smith” with James C. Reed, who elsewhere ‘‘tells in sim- ple language what he knows about the row,” is not a matter of much consequence in the canvass of Hayes and Wheeler. Twenty-four Millions for Public Werks. If our people would know how to make New York metropolitan let them study the example set by Paris the other day, when her municipality voted twenty-four millions of dollars for public works. Yet Paris within the past generation has been punished and plundered as New York never was in her history and we trust never will be. There were the exactions of the Empire, the vast schemes of Baron Haussmann, the fine im- posed by the Prussians when they captured the city, the damage done by the Prussian bombardment, the siege of the Commune by the Versailles troops, and the destruction by the Communists themselves. Withall these burdens the people of Paris see the wisdom of keeping their city at the head of cities, and they now vote twenty-four millions for public improvements. Here is New York, which for years has been falling into decay, like a Castle Rack- rent, and all because the plunderers, headed by Tweed, have given place to the garroters, Tweed robbed New York; his successors would stifle it. There might be a hundred improvements which are neglected. The streets are filthy; boulevards run into a field and suddenly stop. Streets which were ruined by contractors in wood and pitch lie undisturbed in their ruin. Rapid transit, the erying want of this city for twenty years, is checked and for the time destroyed. The upper part of the island, which should be as attractive a part of our city as Bayswater or Belgravia is to London, ‘is rapidly lapsing into its former condition as acommon. The city has come to a standstill. And yet New York might be made the most beautiful city in the world. Paris, in all her glory, could never compare with New York if our rulers were not a dynasty of blockheads succeeding a dynasty of thieves. If Paris can spend twenty-four millions why can not we do the same—or even a smaller sum? We have the money. We have the same municipal pride as Paris. Wo know as well asthe Parisians how in the end the most expensive improvements enrich a city and add to its attractiveness. All of this is clear to every mind, and yet because Tweed and a few thieves robbed us a few years ago we must lapse into barbarism. We trust there will be an end of this policy. Let us have an honest government, a broad, far- seeing, ambitious government, and we can afford to give our rulers twenty-four, and if necessary forty-eight millions, to improve New York: But while sorely-burdened Paris is doing so well we do ourselves a wrong to do so ill. ‘Tux Lovens or Trotrinc have had their fill of the sport during the first summer meeting at Poughkeepsie of the Hudson River Driving Park Association. Yesterday being the Inst day of the meeting two well contested trots rewarded the spec- tators for their attendance. In the first contest fine time was made by the win- SHEET. and thirty-three seconds. In the second trot the winner's average time for the three heats was two minutes and twenty-nine and one-half seconds, A few unimportant matches were trotted at Deerfoot Park, which did not attract much attention in sporting circles. The Indians, the Army and the Agents. The arguments in the Senate against the transfer of the Indian Bureau to the War Department were decidedly amusing. We find, to our surprise, that the country never had a better set of Indian agents than now, but regret that the only authority for this statement is the Commissioner of Indian Affairs, who has, doubtless, good reasons for his opinfén. Mr. Morton thinks the Indians could be civilized, but admits that they are not, because the government has broken faith with them for a hundred years, and that the country is now on the verge of another Indian war. It seems to us that this ad- mission is really om argument for a4 change. Then we are astonished to find that gallant soldier, Senator Logan, predict- ing that if the transfer were made the army officers would provoke fights in order to ob- tain promotion. As promotion in Indian wars only comes by death Mr. Logan must mean that the army officers wish each other killed, that the survivors may step into the vacant places. There is no instance of real promotion for services in Indian wars, and even the brevet title, which gives no increase of pay, is rarely conferred. We think it is an insult to the gallant officers of the United States Army who protect our frontiers to say that they would provoke war to have each other's throats cut, in order that a lieutenant might become a captain by the death of his superior and a colonel rise to the rank of a brigadier by the death of his commanding general, Mr. Ingalls, who represents the opinions of the West, very justly said that the War Department was not a slaughter house. The meanest and weakest objection yet raised against the proposed transfer is that it would commit the army toa policy of murder, and engage the officers in a lottery of suicide, where death would represent the blanks and promotion the prizes. Who- ever knows the esprit de corps of the Ameri- can soldier will look with disgust upon such an accusation. As for the merits of the Indian agents, we have heard of them for the last ten years. They have always been excellent men in the estimation of those who have an interest in the present system. Mr. Belknap found them very usefal in connection with his post tradership sales, and Mr. Orville Grant gave them the honor of his distinguished in- dorsement. But the Ind’ans whom the agents annually plunder do not agree with these enthusiastic praises of the agents. Starvation rations, diseased cattle, shoddy clothing, bad tobacco and worse whiskey drive the savage tribes (who are not so ut- terly barbarous but that they know when they are cheated) to rebellion every summer. The present system is proved a failure by its results. We shall never have peace with the Sioux, the Crows and the Comanches till we stop the speculation by which unscrupulous agents get rich from Indian contracts by the sacrifice of American lives. The agent who provokes a savage war ob- jects always to its vigorous prosecution, for the plain reason that every Indian who is killed is a hundred dollars or so out of his pocket. We hope that the House will insist upon the transfer of the Indian Bureau, and the close vote in the Senate is good cause for believing that the wise and humane measure will triumph in the end. If war every summer is wished let the agency sys- tem be continued. If a permanent peace is desired let the Indians be put in charge of the army, which is the only power they really respect and trust. Mr. Weed in Reply to Mr. Stephens. We print this morning an interesting letter from Thurlow Weed in reply to a letter pub- lished some days since from Alexander H. Stephens, of Georgia. It will be remembered. that Mr. Weed averred that Mr. Stephens, when a member of Congress from Georgia, had, in company with Mr. Toombs, Mr. Clingman and other whig members, attempted to put a severe pressure upon President Taylor in behalf of the disunionists. To this averment Mr. Stephens answered, denying that he had ever spoken to President Taylor in the man- ner indicated by Mr. Weed. We should have thought that the statement of Mr. Stephens would close the subject, but Mr. Weed re- turns to it with all the skill and fervor of a trained controversialist. It is not for us to interfere in a discussion of this kind, which must in the end be determined by the gen- tlemen who are now at issue. Mr. Weed and Mr. Stephens are men of great ability, who have played a prominent part in the annals of the country, and whatever they contribute tothe history of the Republic, and especially to the episode of slavery, will be of value. We are confident that this discussion will develop a clear and accepted version of the matter at issue. Tue Potrce Parape took place yesterday, and about two thousand patrolmen marched “yank after rank” to the stirring music of a military band. The new Derby hat was also exhibited by company and battalion and carried terror to the hearts of the would-be wicked by its awful form. The helmet of Minerva probably covered a wiser head than that resting on the shoulders of the average patrolman, but it was her helmet loaned to Perseus for the day that enabled him to con- | quer the Medusa. A fearful looking hat therefore has its uses. Tue Sovrn axp St. Lovrs.—Our indus- trious reporters have made a survey of the democratic delegations to St. Louis from the States of Delaware, Virginia, North Carolina, Georgia, Tennessee and Louisiana, and ob- tained as far as possible their preferences for a Presidential candidate. The general feeling observable through all the interviews isa desire to take the strongest man, with- out respect to individual likings, Hence, in Virginia, North Carolina and Louisiana, although the sympathy of the delegates goes out to Senator Bayard, they are prepared to take Tilden, Hendricks, Hancock or Parker— whichever they think the democracy can win with in November. Delaware is of course strongly and unanimously, to the extent of ner, who covered his mile in two minutes | its three votes, for Bayard, but looks on | Sob ieee $$$ Governor Tilden as its second choice, In Virginia and Georgia it would seem that Uncle Samuel will be the first choice of 8 majority if Bayard is out of the way. Ten- nessee seems massed on Hendricks and Han- cock, and, indeed, the General has a large reversionary interest in nearly all the dele- gations. The South seems anxious to await the voice of the North and West before talk- ing too loudly for anybody. The Regatta To-Day. The regatta to-day, the second of the series given under the auspices of the Cen tennial Committee, will afford an exhibition of speed and seamanship that cannot be ex- celled -by any other country in the world. Thirty-five yachts, all rating under fifteen tons, only three of which are cabin boats, will compete in the regatta; and as ten or twelve of them are new, having been built especially for this race, it will be interesting to observe whether the latest models are an improvement on those of past years, The racing yachts are not restricted to the num- ber of their crew or ballast, and, conse- quently, should the breeze prove light on the return home, the scene in the Upper Bay will be rather amusing, as in order to win such a race the ballast will all ga overboard, and the crew after it, leav- ing probably only a couple of men to bring the boat across the winning line. Standing on the stern and jamping off, give ing the boat a slight impetus as you leave it, is an old trick of the Penny Bridge crews, and will no doubt be put in practice to-day. It is understood that a protest has already been sent to the committee, having reference to the Amaryllis, a nondescript kind of craft that has been entered from the Providence Yacht Club. It consjsts of two cigar-shaped hulls, about four or five feet apart, partially boarded over, and is rigged with a jib and mainsail. As there is comparatively nothing in the water it sails at a high rate of speed off the wind, but is slow in stays. The yachts will sail twice around a course, start- ing from off the New York Yacht Club House, and a good view can be had of the race from the Staten Island shore. Tue Corzecr ComMENCEMENTS are awaken- ing great interest among the hard working students and their anxious parents and friends all over the land. Graduation day marks the commencement of a new era in the lives of those who win that honor, the future of which largely depends on the use they have made of their school days. On Wednesday the commencement exercises took place at the Academy of the Sacred Heart, on West Seventeenth street, and were largely attended. Yesterday the Now Jersey State Normal and Model schools closed the academic year with appropriate ceremonies, at which Governor Bedle presided. We also publish in to-day’s Hzmaup full ac- counts of the exercises at the College of New York, the Long Island Medical College, the Academy of Mount St. Vincent and Rutgers Female College. The commencement began on Sunday last at Roanoke College, Vir- ginia, by the delivery of the baccalaureate and Christian Association addresses, and on the following day the regular programme was carried out with great effect. Tue Anti-Trupen Tammany SHovryrs wha are to leave for St. Louis this evening are tc have the cars decorated with the sign, “Tammany Special.” We can fancy the haste with which all the towns along the route will fasten the bolts on, their municipal treasuries as the train comes in sight. It.is ramored that a model of the unfinished Court House will be placed upon the engine, together with a brass model of the Tweed statue. This may prove unfounded, but if the Aldermen and shouters only bear a Tammany label where the diamonds used to shine in the old Ring days they will do the cause of honest gov- ernment s signal service. Ramwars mm Concress.—The election of Rollins, of the Union Pacific, to the Senate, and the nomination of Wheeler, Chairman of the House Pacific Railway Committee, as Vice President, shows the power of railroads over legislation and government. This isa power we must fight some time or other. There is no better servant of a State than a railroad, and no worse master. Ir Buarne goes into the Senate who will be left to provoke Ben Hill in the House? There is more profit for the republican party in the ghoul business than in any other. PERSONAL INTELLIGENCE, Blaino will summer in Maine, Mrs, Butler has returned to the stage. G. W. Childs’ Long Branch cottage ts open. When a Turkish Sultan gots balky he shears off. Bancroft will remain at Newport during the season. Clara Morris has left Danbury tor the Berkshire Hills, Cropsey, tho artist, will summer in the Jersey High- lands. - Ex-Governor Randolph will goto the White Mout tains. Talmage, who hates watering places, is going —— where ? President Eliot, of Harvard, will have a fine reception in Europe. Joe Jefferson will spend his vacation in rural England. S. B. Mills will spend some of his vacation at Pat- orson, N. J. At thirty-eight a girl has two chances ima thousand of being married. It was a mistake to consider the sober, bread-jowelled Bristow popular. Several gentlemen of (other people’s) means will summer in cool Canada. Tho Roch«ster Democrat thinks that General Hancock fought on the wrong side, David Dudley Field will try to spend part of tho sum. mer in the Berkshire Hills, Ladies will this sammer appear in lilac or sky blue, with just a (roth of cream. General Joe Rooker, in his illness, will go to a cooler and moro Northern climat Gath say: Hayes is the son of his mother, while Blaine ts tho son of hia wits. As the yellow silk is tothe corn so are the littler Adamses to Amorican politics. McPherson, the winking, dandy chairman of the Cin. cinnati Convention, was an accident. Hon, Abram Hewitt, son-in-law of Peter Cooper, will summer in the Jersey Highlands, If you want to get into the nicest and most senti- mental position for a photograph, cat cucumbers, H. Oborski, author of the “Wedding March” and of other tone-poems, has drilled a Centennial chorus into fine effect, Professor Ovorski is probably the most Doetical pianist in Now Jersey. . The only Centennial poem of the year, unless we except Whittier'’s, is the ono contributed by George Wurts to the July Scribner, It 1s not only epic and harmonious in its manner; it is exquisitely patriotic im its sentiment,