The New York Herald Newspaper, October 19, 1876, Page 7

CABLE NEWS From All Parte of the Old World. EUROPE’S DANGER. The Crisis Universally Admitted to Have Arrived. ENGLAND’S PROMPT ACTION. | Lord Napier, of Magdala, to Lead the British Forces. RUSSIA PREPARING FOR WAR. The English Press Accept- ing the Inevitable. UNIVERSAL FINANCIAL PANIC, Lonpow, Oct. 19, 1876, ‘The hour for action bascome. There is an end to all serious talk of armistices, long or short, England secepts the worst, She has been in trouble many Mmes before and ig not afraid. Nor do her mailers sleep, Recognizing the inevitable the British fleet in rendezvous at Halifax, N. &, Yas been ordered to remain there until Jarthor orders and not togo into the usual winter sruising ground in the West Indies, Lioyus has been notified to have ships ready for transporting troops to the seat of war. Several of the ‘arge Atlantic steamship companies have .bastened to place their vessels at the sorvice of the nation for the ‘ame purpose, England has been uncertain of her sourse throughout all the negotiations, She hesitates no longer. Late on Tuesday evening summonses were \ssued for a Cabinet Council to be held to-day (Thurs- fay), and several ministers arrived in town last night, An extra session of Parliament will be called. The Times of this morning says that orders have been tiven by the War Office to the Commander in Chief to hold three army corps in readiness for immediate de- Bpatch to the Mediterranean; also that plans for the ficfence of Constantinople prepared by the Royal En- tncers have been forwarded to the Admiral command- ing the British fleet in Besika Bay. Thero is but what is ordinary and necessary in the Cabinet together at such emer- gency. It will be only common sense fo await the result of its deliberations before giving 3redence to less authentic statements, No such Measures as these reported can be taken without the vonsideration of the Cabinet, and the first council Bince events took their present anxious turn will be held to-day. For purposes of actton at we are as near the seat of probable sisturbanees as any other Power. Much more Must happen before English interests are menaced yo as to call for our immediate interposition, 1t is not Jo be denied that great dangers might arise. Wo must de prepared to defend all points threatened; but the nothing calling an mere danger of Turkey will not precipitate such moas- ures. Neither Parliament nor the country would ever bear of going to war in behalf of Turkey. She had ber opportunities and has thrown them away. It ‘would be criminal folly to expend the smallest amount of English blood or treasure in her support, Lord Napier, of Magdala, has been ordered to hold himself in readiness to take command of troops which may be sent toEgypt. IfTurkoy is eventually, to be blotted out, England must have a foothold in Egypt. Germany is awake, An imperial desree was published yesterday summoning Parliament to meet October 30, Russia bas ready twenty-eight iron-clads, carrying from two to twenty-six guns each. Servia states through her Prime Minister, M. Risties, that a resump- tion of hostilities is certain, and that Russia’s partiai- pation will be immediate. XO MORE PEACE NOXSENSE, Tho Standard’s éespatch from Belgrade says there is pome talk of a proposal for an armistice until Decem- ber 31. It: matters little what proposal is mada It 18 the opinion of well informed people that Russia is Dent on carrying on war until she gains a clear road to Constantinople. Only the armed coalition of Europe will make her It is tedious to repeat this every day; but it cannot be too strongly impressed on Europe that prep- erations are making in Servia utterly inconsistent with any pacific porfessions which the St, Petersburg Cabinet may put forth, 1f Russia meant peace the preparations would be in- sanity. Turkey is declared to be favorable to an armistice of six weeks provided Russia does not insist on a dis- momberment of the Ottoman Empire. If Russia docs insist Turkey will let hor do her worst. ENGLAND FACES THE INEVITABLE, ‘The Daily Telegraph sounds the war tocsin in a manner that Englishmen must admire, In its leading article it declares that gland, much as she loves and flesires peaco, must wage war from end to end of the world rather than permit the Russian flag to be hoisted wt Constantinople. Lord Derby justly said that British interests in the Eastern question centred in Constantinople, and we hold it clear to all sensible and resolute Englishmon that at the first overt invasion of farkish territory the British floet, with the assent of the Suitan, would most assuredly cast anchor in the Golden Horn, Those to whom such astep might ap- pear like help for the Turks may take comfort, for it would be simply on act vital to British security, and accomplished in the name Of and for the protection of British rights, If it ‘were not done Asia, {rom Scutari to Shanghai, would know and proclaim immediately that we had abdicated the seeptre of the East, and the commerce along all our Oriential lines would be at the mercy of a future Black Sea squadron, “que sxy No CLEARER, The Times takes no brighter view of tho situation than before, It deciares that the hopes it has so anxiously cherished must at length be abandoned, and the fact must be recognized that negotiations are prac- Uecally at an end, and that the two belligerents now face to face in European Turkey must be leit jo the conseqpences of their acts. ‘Another wenty-four beags has brought no rehef to ti lension under which we were laboring, and events are evidently moving too fast on the Danube tobe arrested by the slow progress of oven telegraphic diplomacy,” says the Fimes tp conclusion. The sentiment in Vienna vooarding the position in which England finds herself swerve, ; NEW oki HERALD, THURSDAY, OCTOBER 19. 1876. —TRIPLE SHEET. ie that in refusing the Berlin note England playeda game of bluff and Jost. The Austrian diplomatists de- clare that England considers all diplomatic action at Constantinople at an end. This statement bas pro- duced a very gloomy foeling in Vienna, and war is con- sidered unavoidable, RUSSIAN WAR PREPARATIONS. Tt ts stated upon good authority that a convention has been concluded by Russia with the Roumanian railway*companies by which the latter engage to make preparations for transporting altogether 250,000 troops at the rate of at least 25,000 daily, There are 82,000 men ihe camp ot Bender and 64,000 around Tif, Russia bas issued a circular note announcing that in the interests of humanity she feels bound to march troops into Bulgaria and Armenia. Tho new Russian iron-clad Peter the Great leaves Cronstadt im- mediately for the Mediterranean to meet the British fleet at Besika Bay. Al! Russians in Paris ander the age of torty years have been ordered to return home. Russians im Belgrade state that a European war will not begin until carly spring, when, if necessary, Rus- sia will be prepared to do something in the direction of India, This threat will stir up England to the very eart. VINANOIAL PANIO AVERYWHERE. A complete panic prevailed on the London Stock Ex- change yesterday. The news of Russia’s apparent deter- mination to make open war upon Turkey confirmed the fears which for several days bad depressed the market and culminated yesterday in forced and indiscriminate sales of all descriptions of stock, not only by specu- Jators, stimulating panic fears, bus by bond fide hold- ers of eccuritios, especially foreign. There wes at the opening a further serious decline in quotations and it was difficult te obtain prices at which bargains could be effected, the fluctuations being so great and fre- quent, The changes included a reduction of 5 in Hun- garian, 13¢ in Turkish, 2in Egyptian, 3 in Italian, and less, but a considerable, decline in all stocks. At half-past twelve tho Stock Exchange was greatly excited. Russian securities declined 7, mak- ing a fall of nearly 20 within a week. War between Russia and Turkey was regarded os already begun, and it was generally believed that other Powers would become involved. A commercial and financial crisis in Russia and 8 consequent heavy fall in Russian exchange added to the confusiob. The funded loan, being the only American stock much Gealt in, felt the influence of the prevailing depres- sion, and fell to 105% a 106. During yesterday afternoon stocks rallied slightly, Dut at the official close (three o’clock) were again flat. The markets continued to decline to the last. moment, and the final quotations at five o’clock were about tho lowest of the day. India council bills were allotted at about a farthing per rupee advance on last week’s rate, Silver was quoted at 52},d. per ounce early in the day, but rose ‘ to 5254. at half-past five o'clock, at which price it closed, The Paris Bourse was much agitated throughout the afternoon, and all stocks closed at the lowest. An important fall in government stocks occurred in Vienna, and a sharp rise in exchange and the bullion market characterized the day's Bourse. On the Berlin Bourse yesterday Russian securities fell 6, Hungarian 3, and Austrian about 2. All other international stocks likewise suffered considerably. The Daily Telegraph’s financial article yesterday stated that Germany will submit to the next Parliament the propriety of largely increasing her silver comage, on the ground that the present amount in circulation is insufficient. At Frankfort United States bonds, new fives, closed at 10234. THE IMPERIAL ALLLANCE, Information from-official sources makes it clear that Austria’s Eastern policy will conform to that of Russia andGermany, This indicates the re-establishmont of the imperial alliance, which was shaken last spring by England’s rejection of the Berlin memorandum and the despatch of a fleet to Besika Bay. That act prob- ably cost England Germany’s good will The Nord- deutsche Zeitung’s reply to the article in the London Times of October 16, in which the former journal says the Times ignores the existence of an alliance of the three imperial powers, indicates Germany’s adhesion. Unconfirmed reports—which are rendered probable by Italy’s action—of a secret treaty between Russia and Italy would account for Austria’s sudden roe- turn to Russian views It will be remembered that the Crown Prince and Princess of Italy visited Rassia early last summer, and mot with a distin. guished reception. More recently the Italian liberal journals have been claiming an extension of territory in the direction of Tyrol in case Austria acquired any Turkish provinces, The Italian government has dis- claimed responsibility for this discussion; but it, nevertheless, has considerable effect on public fecling at Vienna. A programme agreed upon and exccuted by the three emperors would set aside these preten- sions, and equally guarantee Austria against the dan- ger on the side of Germany which independent action on her part would involve. Thus the imperial alliance leaves only England aud France to be ac- counted for, accepting as true the reported Russo- Italian understanding. ‘THM EUROPEAN REPUBLIC. There is as yot no official information which will clearly indicate the course France intenis to pursue, All the evening papers of Paris last night declare that if the peace of Eurepe is broken up the French Republic will vigorously observe a policy of neutrality. It will de recollected that up to the final abandonment of the Berlin memorandum she gave ready adhesion to the imperial programme, and is not likely now to offer it any spontaneous opposition. If, therefore, the Russian preparations fora movement against Turkey are in accordance with the views of the three emperors, acting in concert, there can be little doubt they have determined to undertake the pacification of the Turkish provinees, probably on the basis of the Berlin memorandum, extending its provisions to Balgaria. The question ot the peace of Europe will in that case depend upon England, Turkish resistance without her aid being manifestly impossible for any considerable time, The viow taken here is gloomy, but as the imperil plans have uot yet been made known, and the reports of the reconstitution of the Northern triumvirate are not fully credited, there has been no public expression indicating the course likely to be pursued. The recent agitation against what is still called the Disraeli government has entirely coased, and a stronggfeeling against Russia has sprung up since ber proposal to Austria for joins occupation; but, if occupation is enforced ander the sanction of the other Powers without throatening Constantinople, pub- Ne sontiment would not support the government in opposing it with force, as the co-operation of Austria and Germany would be regarded as a guarantee against Russian pretensions. Accepting Vienna do- spatches as true, the panic hero is unwarranted, for unless Turkey plays a desperate game Russian inter- vention will lead to poaco, with guarantees for the pro- tection of the Porte’s Christian subjects in Europe, It is not improbable that the Porte, when confronted with the prospect of intervention by united Europe, will concede the Russian demands withont fighting. ‘THM SPANISH PILGRIMAGE. A special from Rome declares that the committes which superintended the reception of the Spanish pilgrims to tho Pope on Monday refused to admit the Spanish Ambassador to Italy and his attachés, although they were duly provided with tickets. The committee ‘was composed of mon strongly Carlist in their senti- ments. Indeed, tho whole pilgrimage has been con- verted into a Carlist demonstration, if a special from Barceiona is to be believed. The pilgrims upon em- barking at that port choered lustily for ‘Don Carlos, King of Spain.” Moro trouble for the Spanish governmont is likely to ocour in the Basque provinces. The Civil Governor of Biscay bas been superseded, Fresh arrests ave been made, causing grest uneasiness. General Que- Sada Is to be sent to Bilboa. EFFECT OF THE NEWS IN THIS CITY. The Gold Room yesterday presented a twenty min- utes’ scene of the wildest exeitement, such as it has ‘Bot witnessed since the memorable Black Friday. The news of a probable war which would involve all the Europeans Pot fas the one absorbing theme of conversation in the street during the day, and rumors Were as varied and as many as the fluctuations of the market. In the Gold Room the excitement began with tho opening of the doors, and the sight to be geen then recalled vividly the days of the rebellion, when the news of a battle won or lost furnished a means of mov- ing the market, The gold market opened at 1103, a strong advance on the closing price of the day before, bat with the first toss of their horns the bulls seat It up by eighths over 1 per cent, The shorts became alarmed and rushed in to cover, evi- dently believing the old days had come back and that the bulls were masters of the fleld, From 111 the price sprang to 112, amid greater excitement. For the next few moments every movement of the indicator was anxiously watched. The could scarcely keep timo with its changes as by degrees it marked the price up to 11334, the highest Point reached during the day. The fever had reached ite height, and the reaction had already set in. Tho price began to fall, when another onslaught was made on the bulls, Tho fight became a fierce one, and the uproar that was made by the animals in this financial menagerie was fearful to hear. For a while the chanees were about even, but the tide of victory turned slowly in favor of the bears, and ere the smoke of battle cleared away they had succeeded in dragging down the figures to 1114. The strength of the bulls was evidently exhausted, for their efforts to regain their lost ground wore unavailing. THE STOCK MARKET partook also of the excitement over the prospect of a general European war and advanced in sympathy with the gold market, A general buoyancy prevailed and ‘he coal stocks ran far ahead of all oihers, The large advance in these stocks was considered partly due to the excitemont in the gold market, but mainly to the Teport that a new combination was on foot. This ru- mor caused a panic among the shorts, and their eftorts to buy in the stocks resulted in a great rise. THE WAR NEWS ON THE STREKT. ‘The discussion of national and local polities, and, in fact, every other subject, gave way to the all-absorbing topic of a foreign war. On the curbstone and in brokers’ offices, where anxious faces eagerly sought the latest changes of the market, it was the one sub- Jocttalked upon, One gentleman, who dropped the tape from’ an instrument, evidently pleased with the course of the market, discoursed on the subject as follows:—‘Gold, of course,” he said, ‘will go up, in response \o such a rumor, but only fora while, When the Bank of England is in fear of war it will advance its rate of discount and money will become tight’ English bondholders on the lookout for themselves will naturally send home our securities and take away so much gold in their stead. But that course will not iast long, for as soon as the war begins there will be a great demand upon our Products and manufactures, and they will take the place of gold in leaving our country, and create, be- sider, an influx of the precious metal. <A general European war would bring to a standstill the products of agriculture and manufacture in those countries, and America would become the morchant of the world. Here they must come for their supplies, and the Products of the great West would bring advanced prices. Already some of our railroads aro discounting the prospect of an increased carrying trade to the sea- board, and in the event of such a war our industries of all kinds would be developed. Gold may go up for a while and the return of so great a quantity of our securities from the foreign market aid in keeping it ‘up, but it will be only for a short time. The tide will turn and the result be greatly to our advantage.” YAILURES REPORTED, Howe, Nicholas & Co., reputed to be one of the strongest of the “bear” firms of the Stock Exchange, failed yosterday afternoon. Their liabilities were largely on the coal stocks. Mr. Nicholas does not think the liabilities amount to more than $40,000. J. J, MeKewen, a member of the Gold and Stock ex - changes, announced his suspension at noon yesterday. Mr. McKewen was sbort of gold and stocks, and was ua- able to pay up the differences in his contracts. Henry Dater, a member of the Gold Room, also an- nounced bis stspension. The amountinvolved in these failures is believed to be small, ‘The suspension of S. A. Josephs was also reported. af THE HOTELS. The exciting news {rem the East was the general topic of conversation at the hotels last evening, and it ‘was really a relief to listen to the different views ox- pressed matead of the everlasting politics with which every one has been surteited during the past week, The very warlike despatches in tho afternoon papers were eagerly scanned and the financiers began to cal- culate among themselves what effect a European war would have upon the New York money market. The excitement in the Gold Board was discussed and some people expressed astonishment that gold shoula go up with the prospect of a European war which should be beneficial to tho interests of the United States, ‘Why,’ said one dapper little gentleman with a small black moustache, “a general European war would give us a market for over $100,000,000 of our breadstufls, and would be one Ofgthe most fortunate things that could happen to the country. Russia is the great grain producing country of Europe, and with ner men at war she would not bo able to keep up the supply and then there would be acall upon the granaries of the United States.”” His audience were pertectly satisfied with the truth of the speaker’s remarks, but still facts were stronger than theory, and gold had certainly jumped from 109}g to 113}g in a very few minutes, Anxious to obtain some further information on tho matter a HeRacp reporter paid a visit toa well known Broad street financi nd requested his views. He said:— “agree with you that in the presert condition of the country, overloaded as we are with broadstuffs and produce of every kind, a European war would cer- tainly be of material benefit, as it would furnish an immediate market; and, knowing that our produce would bring their value in the gold of foreign coun- tries, it is hard to understand how such a contingency should raise the price of gold in this market; in fact, T should have thought it would bave had a contrary effect. In my opinion the suddoa rise of gold this morn- ing was occasioned by the sudden covering of the short interost. There has been a very heavy short interest in gold for some weeks pust, and in the excitement this morning, not knowing to what extent the war news would affect the market, there wash a rush of the shorts to bay and cover, and, aided by such power, gold flew up. One gentleman of my acquaintance was short of $2,000,000 gold at 1093¢ and covered it yester- day at 112}g. Another point that should tena to decrease the value of gold would be the demand in the foreign markets for our bonds and other good securi- ties, European capitalists would be anxious to ex- change their gold for sound American securities, a3 there would be no fear of this country getting mixed up in the disturbance. I think you will find that gold will go down to-morrow very nearly to the point at which it started yesterday morning.” ANOTHER VIEW OF THR SUBJECT, The different opinions on the possibility of a general war were in many tostances of the most opposite nature, In regard to England thero was a general fecling extant that in caso Russia did make an aggres- sive step she would not interfere anless she was posi- tively forced to, During the course of the evening tho Henan reporter had avery \noteresting conversation with a distinguished foreign visitor who has resided in Turkey for many years, This gentleman said that, in his opinion, such a war as that now loeming up must certainly affect the United States, as a country of its magnitude should have some interests in the movemonts and action of Eurepean Powors. The riso in gold this morning showed the feverish condition of the market, and was probably occasioned by the pros- pect of high rates of interest in case war should be do- clared. Each country engaged in the war would be anxious to borrow, and therefore the rates of interest would rapidly go up. It is not yet at all certain what action Russia will take in this matter,and even if Tar- key’snould havo to defond her rights single-handed, it will bea war of no mean dimension in Tufkey there are to-day from 16,000,000 to 17,000,000 of Mus- sulmans, 10,000,000 Christians of the Greek church, and 2,000,000 Armenians, Kven the little island of Crete has 125,000 Mussalmans. With such a population to fall back upon, even the immonse Russian army will have a task to complete that will not be accomplished ina month or even a year. Thore is a possibility of Eng- jand being drawn into the struggle should their great eaders deem their interests in the Eastin danger, It would notbeout PPPS RY for Turkey, but merely in defence of their own possessions, At any rate Eugland ishard!y in acondition to go to war at present, and will probably diplomatize for some time before she will be drawn into actual hostilities, At this pointacouplo of other gentlemen joined the party, and the conver- sation came to an end. CUBA. NO PORTO BICO TOBACCO—-SEVERE GALES. Havana, Oct. 18, 1876. A decree bas been issued by the Captain Genoral of Cubs prohibiting the introduction ito the island of Cuba of Porto Rico tobacco. Severe weather is reported at Havana. Very heavy squalls and rains have been in progress here since yes- terday and the wind is increasing, The barometer is falling rapidly, and it is probable a hurricane will visit this section to-night, The vessels in the harbor are taking precautions, ST. DOMINGO AND HAITI. MONTE CHRISTI CAPTURED—THE REVOLUTION FAILING—PEACE IN HAITI Sr, Tnomas, Uct. 7, 1876, The latest advices from St, Domingo and Haiti, up to September 29, stato that on the 26th one of the government columns routed the enemy’s cantons com- Pletely at Charco del Obispo, Perez amd Bajabouico, They took possession of Monte Christi, Guayabin and Dajabon. Among tho prisoners wore two Spaniards, Juan Criado and Manuel Balcac General Roman Guzman has entered iuto the service of the govern- ment, General Aferino Minier was killed in action. ig government troops are now operating on Alta- mira. Privato advices stato that busine: standstill, at a complete rth bas claimed a certain portion of the duties, for the purpose of improvements around Cape Hayt: and its neighborhood, the claim having been made, pacili- cally, in the Council, and it is not thought any trouble Will come of it, Trade is very much depressed. AUSTRALASIA, THE POSTAL CONTRACT OF THE PACIFIC MAIL COMPANY AND THE COLONIES OF NEW SOUTH WALES. San Francisco, Cal., Oct, 18, 1876, Tho Pacific mail steamer City of Sydney, from Syd- ney via Auckland and Honolulu, bringing the British mails, arrived hero to-day. The news from Australia is unimportant A comwmittee of the New Zealand House of Represen- tatives, to whom was referred tho question pending be- tween thé Pacific Mail Company and the colonies of New South Wales and New Zealand, regarding the con- tract for postal servico betwoen those countries and San Francisco, reported on the 224 ult., and the fol- lowing paragraphs refer to the existing contract. The committce have agreed to the following resolu- ient that the existing contract be moditied First, that the service be direct {rom San Franciseo to Sydney, calling at Hono- Julu and at the Bay of Islands or Auckland, Second—That the postal service be performed by the company often by ten-knot boats, to be approved by the government, and Third—That the share of the New Zealand contribu- tion be reduced by £10,000. From private intelligence to hand, por the City of Sydney, it is given out that the latter clause was in- serted In deference to the Otago members of the com- mittee, who would prefer the. service to break down altogether rather than not have more vessels calling at Port Chalmers. Prominent public men in the colony condemn the last resolution as unseasona- ble. With reference to the Forbvs-Hall, contract the committee recommend that £10,000 be accepted irom Mr. Cunningham, one of the sureties, in full discharge of his liabitity. GOVERNOR: HAYES. HIS INTENDED VISIT TO PHILADELPHIA ON ocToBER 26, THE O#IO DAY. Couvmncs, Oct. 18, 1878 Governor Hayes will depart trom his determination not to visit the East again this season, apd will go to Philadelphia to preside at the reception at the Ohio headquarters on Octobor 26, that.day being designated as the Ohio Day. RAILROAD LITIGATION, THE RELATIONS BETWEEN THE CENTRAL VER- MONT AND THE OGDENSBURG COMPANIES, St. Aveans, Vt., Oot. 18, 1876, Mr, William J. Averill, appointed by the Supreme Court receiver of the Ogdensburg and Lake Champlain Railroad, and Mr. John C. Pratt, appointed by him general m: or, have beem in consultation with the Central Vermont authorities to-day, and satisfactory arrangements have beon made by which ‘through” Dusiness over the Central Vermont and Ogdensburg roads will go en witheut interruption or transfers; all existing contracts will be carried out and everything will goon a8 betore in ail ways. The hearing upon which a reoelver of the Ogdensbarg road was appointed was anez parte one, and the present appointment is only temporary, bolding until the 3lst inst., when hearing will be had before Judge Landon, at Schence- tady, to determine the rights of the parties The whole affair has been conducted in amicable and friendiy spirit. YELLOW FEVER. MORTALITY AT SAVANNAH GREATLY REDUCED— NOT SAFE YET FOR ABSENTEES TO RETURN. Savana, Ga, Oct. 18, 1876, ‘The tota! number of intermonts to-day was 7; of yel- low fover, 3. The following is published this morning :— Orrics ov THx HxaLtu Orricer oF Savannan, Oct. 18, 1876. Absent citizens are cautioned and warned against ro- turning to the city until official notice is given that it will be safe to do so. The decrease in the mortuary ro- port is encouraging and indicates an early termination of the epidemic; bat I desire to say that it is far from safe for absentees to return. J. F, MoFARLAND, Health Officer, EATAL SHIPWRECK. PROBABLE TOTAL LOSS OF THE SHIP RYDAL HALL—NINE OF THE CREW DROWNED IN AT- TEMPTING TO ESCAPE. San Francisco, Cal., Oct..18, 1876, A despatch from Spanishtown, about thirty miles down the coast, reports that the ship Rydal Hall, from Cardiff, consigned to Balfour, Guthrie & Co., of this city, was wrecked near there last night at about oight o'clock, Nine of the crew were lost in trying to get ashore; tho balance were taken off this inornimg by a whalor from a station near by. The captain is pull on board, refasing to come ashore. The ship is fast onthe rocks, and the sea is breaking over her. She will probably soon go to pieces. YALE COLLEGE. New Haver, Conn., Oct. 18, 1876. The Senior class of Yale College to-day clected E. B. Gager, of Scotland, Conn., class orator, and J. G. Pylo, of Brick Meeting House, Md., class poet. NEW JERSEY COURTS. Trextox, Oct. 18, 1876. In the United States Court hero, to-day, Alfred Mills was convicted and sentenced to one year’s imprison- ment for passing counterfeit fifty cent coins in Nowark. Judgo Nixon has declined to sit in the ease of John Taylor Johnston against the trustees for the support of public schoola, Judgo McKenna will try it next month, In Mereer County Court, to-day, William Perrine, colored, was found guilty of atrocious assault, for stabbing a white man named Drake, at a colored pic- nic noar this city, last sum: BRAZILIAN COFFEE @ABEETS. PRICES FIRM AND RECEIPTS LARGE. Pepe eb 3 1a, is ined; good fi n 1 448,000, nnd to th enti ports, 1,000. for the the Channel and North of Europe, 14,00; sf he d for Mediterranean ports, 1, 83,000, SANTOS, Oct. 18, 1876, Coffeo market quiet; prices maintained ; peri ba oS Fee Me Del Mth = ia ae meses kourwa re jaring the past wee weok's shipments, se Oeall to Hurepe and ‘she Mediterta! eas sales for Europe, Mied7.cone ne for the United Bustos, 1,000" ‘Stock on ARNY OP THB TENNESSEE Tenth Annual Meeting of the Soci- ety at Washington. THE M'PHERSON STATUE UNVEILED. Speeches by President Grant, Generals Sherman, Thayer, Logan and Chief Justice Waite. Wasnincton, Oct, 18, 1876 The tenth annual mocting of the Soclety of the Army of the Tennessee was beld this morning at Lin- coln Hall, about 125 members being present, together with a large number of spectators. General Sherman, president of the society, in calling tho meeting to or- der said that to-day was set apart moro especialiy for the unveiling and dodication of and for unturling the banner trom the McPherson monument, but previous to this thero would be several bours for the transaction of business pertaining to the society. THM PROCEEDINGS. The meeting was formally opened with prayer by Rev. Mason Noble, United States Navy, and commit- toes were appointed to nominate officers for the ensu- ing year, to designate the time and place for the next meeting of the society and to select an orator for that occasion. INVITATION FROM THE PRESIDENT. A note was read from the private secretary of Presi- dent Grant, saying 1% would give the latter great pleasure to meet and again take by the hand such of his assoelates of the Army of the Tennessee as may be pleased to call upon him at nine o’clock on Thursday night, * Tho invitation was accepted, as was also an invita- tion from the Island and Seaboard Coasting Company to visit Mount Vernon to-morrow in one of their steamers. Letters of regret at not being able to at- tend the present meeting were read from Governor Hartranft, and Generals Pope, Dix, Wright, Newton, Crook, Argur and Townsend, and Commodore Ammon and others, LETTERS FROM THE ABSENT. General Sherman said that he had received a tele- gram from Lieutenant General Sheridan requesting him to give his best love and undying respect to the society. General Sheriaan was unavoidably kept at Chicago by public duties, but his hoart was present ‘with the society. A letter was also read from Govor- nor Hayes, of Ohio, regretting that Important public duties prevented his attendance. General J. B, Hood, who commanded the Confederate army against the Army of the Tennessee, and who was aciassmate of McPherson, sent a letter of regret that ho was unable to accept the invitation toattond this meoting, but ex- pressed his sincere admiration of McPherson for his noble qualities, A letter was alse read from Colonel! W. R, Boggs, of Virginia, in which he sald:— LETTER FROM COLONEL BOGGS. eon McPherson and myself tuere sexisted th hin the late civil war we ¢ naturally on different is never for moment sus- Pouded our personal retatio mutual friendship. THE M'PHERSON MONUMENT, A satisfactory report was made on the subject of the McPherson monument in Washington. From a discus- sion which followed it appears that a monument will be erected over McPherson's remains, at Clyde, Ohio, subscriptions having been made for that purpore. General Ballock preseated, in a few remarks, which were received with much favor, a large aud hand- somely executed photographic likeness of the late General MoPherson. THE DEDICATION. The society thon adjourned to attend the ceremonies of the dedication of the McPherson mouument. At one o’clock a column was tormed under the command ot Major General David Huuter, chief marshal, con- sisting of mounted police, the Fort McHenry band, several companies of military, the Marine Corps and band, the orator of the day (General Logan) and the chairmen of the respective committees of arrange- ments, prominent civil officers, the Society of tho Army of the Tonnessee, officers of the army and pavy and invited guests, the Veteran Club, the General of the Army, and officers, soldiers and sailors who served during the late war, altogether making a fine display. ‘THE PROCESSION. It_ was nearly two o'clock before the procession Be warmest personal sles. Aith Heck pe the Executive Mansion, where it was reviewed by President Grant. On the route a nomber of resi- —. and placos of business wero decorated with nd every point where a view of the procession te be obtained was occupied by spectaiors; the streets were also lined with them. The weather was fine, and amore favorable day for the ceremonies could not have been desired. At MoPhersonr square the crowd was so dense that it compietely cut off the part of the procession that was on foot, and it was with great difficulty that members of the society could make their way to the grand stand, The statue was covered with a large American flag. On t the stand were President and ni ‘Admiral Porter, Generals Schofield, Humpb: ya. Duna, Whipple, Vanviiet, Park Benet, Vineent and oth invited guests of prominence. Among others of t members of the Society of the Tennessee were Gener- Hickenlooper, Charl Vi lonels Dayton, Audenried, Mark- Brush, Barnum, Noble, Lyneb, Wells, Bacon, Loomis and tian nd Major Damand McArthur. CEREMONIES. General Sherman | called the mecting to order and requested the strictest silence. Rev. Mr. McCart: retired chaplain of tho army, delivered a prayer, speaking ‘n terme of praise of the character and devo- tion of him to whose memory the statue was erected nd praying for the continued prosperity of the gov: rnment. Following the prayer Teligious music was discoursed by the Marine Bana. THR ADDRESS, Getoral Hickenlooper was then introduced by Gen- eral Sherman and delivered an address in reference to ‘the statue, concluding with the following remark:— “And now, with thanks to you, personally, General Logan, for the thought which prompted its execution, we transior to your care a statue significant of the unpar- alleled heroism, characteristic daring, unselfish patri- otism and gentio demeanor of our much loved and lamented commander, Mojor General James B. Mc- Pherson.’” THB UNVEILING, The statue was then unveiled amid enthusiastic cheering by the assembled maltitude, music by the Marine Gand and the firing of guns in Lafayette square. ‘The tlag was instantly removed at the proper time by means of ropes attached to either side. TRIBUTE TO M’PHERSOX, General Sherman then introduced General J. A. Logan, who delivered a {celing and eloquent tribute to the memory of General McPherson, sketching the life of bis deceased friend trom his early boyhood, dwoil- ing on bis pure and blameless cburaeter, his great ability, bis bravery and his patriotism, and giving an especially animated account of the services which he rendored while in command of the Army ef the Ten- nesses, and of the effect tnat his death produced upon ‘she army, which revered him as a commander and loved bim’ asa brother. The orator was frequently inter- rupted by applause, and at tho conciasion of his ad- dress wae Wysmog congratulated by the distinguished persons on the platform. THR ARTIST. General Logan having, in the course of his speech, spoken of the statue as being a perfect representation or features and form of the deceased, the artis! Louis T. Rebisso, was voeiferously calied tor ceived the plaudits of the muititade. Tho Marini Band then played tne ‘‘Centennial Exposition March,’’ ‘and the crowd slowly dispersed. The statue in equestrian figure, heroic in size. It 1s mounted upon « massi somely designed. McPherson is repr. img the field of battle. Hoe grasps the check rei ich ed to be anxiously looking. The position is an easy and a natural one, MK EVENING MEETING. to-night at Lincoln Hall. trict of Columbia Com- rs, welcomed the members as ‘brave men whose deeds forma part of our national history.’’ The Ca Mike tt aah Tramp," was then sung, after which l Thayer, who commanded the _ ofthe Teanewsee delivered the annual address, ing that he trusted the time would never come wn the issues of the war would be forgotten. He said:—We earnestly long for fraternity and re- conciliation, bat not at Lon expense of the national honor; not by the sarre of the objects for which the nation marched throu; Naty throes and conval- sions of civil war to a fin iriatays ih. There will bo reconciliation when in every State tervice im the Union rankt shall no longer be the badge of dishonor, and when service forthe ‘‘lost cause’’ shall no longer be the condition to preferment, Peace will follow tho un- qualified recognition of the results of the war and the unreserved adherence to the amended constitution the practice of justice; the places made waste by desolations of war will be made to abound with y ; the woupds left by the conflict will be healed e berigm influence of peace, and the sunshine of Prosperity will rest upon our borders.’’ These and other kindred remarks were enthusiasti- cally applauded, and calls were mado for President Grant, who hesitated ; whereupon General Sherman said he would try and ‘preva i upon the President to speak. Subsequently the President remarked that ho waa happy to welcome his old comrades, as he was the first commander of the Army of the Tennessce and felt proud of it, but that General Sherman coald make a better speech than himself. This prodaced the General, who made a few cheer- ing remarks, which were warmly Ve aegere Corel Juatice Waite and Genoral Gariield respectively fpr een ae and Genoral Sherman made a ing Feme pl eee sales ‘Be: ening sty, ta WESLEYAN SENIOR DROWNED,’ Haxrvorp, Conn., Oct. 18, 1876, Cyrus P. Marsh, of West Newton, Pa, a senior te the Wesleyan University, was drowned im the Con- necticut River at Middletown this event: Hoe was outrowing wih his class crew, when the struck @ rock and Giled, and Marsb was unable to save himself. HOTEL ARRIVALS. Joaquin Miller, of Oregon, is 8 is at the Windsor Hotel, Congressman Milton I. Southard, ex-Governor Edward F. Noyes and Washington McLean, of Ohio; George W. Childs and Anthony J. Drexel, of Philadelphia; United States District Attorney Richard Crowley, of Lockport, N. Y.; Congressman Elijah Ward and General Judson Kilpatrick, are at the Fifth Avenue Hotei, Lieutenant Governor Henry H. Holt, of Michigan, is at the Grand Central Hotel. Potter Palmer, of Chicago, is at the Buckingham Hotel. Professor Alessandro Rossi, of Milan, and James Parton, of Newburyport, Mass., are at the Union Square Hotel. State Treasurer Charles N. Ross and Nelson Beardsley, of Auburn, N, Y., are at the St, Nicholas Hotel. Ex-Congressman 0. B. Matteson, of Utica, is at the Hotel Brunswick. United District Judge William J, Wallace, of Syracuse, Seustor Augustus Schoon- ton, N. Y., is at the Everews THE WEEKLY HERALD. THE CHEAPEST AND BEST NEWSPAPER IN THE COUNTRY—NOW READY. The Westy Heravp for this weck contains full ro- Ports of the Massacre of Democrats at Cainhoy, S, C., together with the President’s Proclamation Disbanding the Rifle Clubs; telegraphic news from all parts of the world; a Pi for Turkey; Fatal Collision on the Oi4 Colony Ratlroad; Terrible Explosion at Pittsburg, Pa. ; the Elections; the Canvass inthe State of Now York; Mollie Maguires Sentenced; a Philadelphia Clerical Scandal; Trial of Mrs, House for Killing her Husband; Triple Murder at Bucksport, Mo,; a Female Smag- gler; Newton’s Channel; the Scranton Strike, and Washington news, It also contains editorial articles on the prominent topics of the day; Reviews of tho Horse, Cattle and Dry Goods Markets; Financial and Commercial Reports; Agricultural and Sporting Matters; Obituary Notices, and the most important events of the week. Terus—Singie copies, 5c. ; one copy, sent to any ad- dress, postage free, $2 per your; two copies, one year, $3; four copies, one year, $5. 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