The New-York Tribune Newspaper, February 26, 1867, Page 4

Ampsemens. B " Ao cmenia oo e L LR r ‘M“IVHH GARDEN, $ TS EVENING=MERCHANT OF VENICE. Mr. Riwin Booh TTTUNIBLOS GARDEN, o A8 BVENING=THE BLAUK CKOQUE—Creat Parisiance Rallet Trwnpe ge \VHIrHPN LROUS GAME. 8ir. J. W, Wallack. U EVENING DWAY THEATER ¥ FAIRY CIRCLE: Or (€ 'CAROIAN'S Mo Baey VENING=T ClatuM OF THE COUNTRY. THIN R ama c’( PRK V'I‘"I ATER LWORIH {Burlesqur) Lady Dos. PIC THEATKE OLYMPIC THEAT) s ml‘,sl_\fl-—.fllxm OF NEW '\:KK, THEATRE FRANCAIN THIS KYENING-LA FAMILLE BENOITO. o S o s —THE PRETTY PAING ARER. BRUARY 26, 1867 7'fi'l:il€ OF THE TRIBUNE. . Mail Subscribers, $10 per annum. Dany TRMUX Sem-WerkLy v, Mail Subscribers, $4 per an. WeEkLY Trint Mail Subscribers, $2 per annum ising Rates. Daty TRIBUNE, 2 cents per 1o . SeMI-WEEKLY TBIBUNE, 25 cents per Lne. WEEKLY TRIBUNE, $1 50 per line Terms, i Address, Tur lc————— Advy who liad been Rebel soldiers | theso e hoso among them who had been Rebel soldiers spectors o give bonds in not less than 5,000, t forbid the compromize of elaims of the € in our lutol str:u::le:h s 1 # % ” ) istillers i “You need nol ashamed of those boys who wera ment against frandulent distillers without | (ENU P50 Giscourage your son, 1o went away with the consent of the Judiciary, and allow infor- in the name of the United States, thongh the officers should refuse to do “Ihe distillors, however, succeeded in pre- the increase of the license tax from 0, In regard to the abolition of the mers to prosecute Ko, venting X100 to & Cotton tax, the avgument of Mr. Morrill | ¥ and the statistics M. Rolling presented | ¢ convineed the House of the impolicy of such o measure, The Cotton tax of the Rebel States in 1866 amounted to but $15,000,000,and all its other taxes to but $1,000,000; by a vote of 65 yeas to 95 nays, the amendment was rej cted, remov- ing this &mall burden from the South, and your private approbation, though wiills T retire from the front, § w young comrados into your care. T b your children. They have dotie no of. [Great applause.]” play qui prudence may have (o' silence, Take back those Confederate pem soe that they aro not discarded ; and, ant you to take my « younot to turn away ling to be ushamed rompled oy, ana fut —Mr. Belmont is quite right in not sucenmb- ng to the demand for a Democratic National ‘onvention. Democratic State Conventions dis- as much treason as the public is yet ready to stomach. THE TARIFF IN THE HOUSE. We thank Mr. Morrill, as the country will thank him, for his efforts yesterday to obtain e b i e e e e R altogether, nor indecd shiefl!u ¢ e ‘this anestion. We _urgo thut, s 3 these altogether, nor indeed chiefly, that we place this question. We urge that, as a great trading people, ninety-nine hundredths of whose engagements are promptly met, with- out the appliestion of any law whatever, we do not require rigorous and harsh methods to enforce the one engagement in & hundred which is not met. And again, that so gigantic and innumerable are the trading operations of this eountry, that even this infinitesimal pro- portion of defaults is sufficient to create a formidable annual aggregate, which demands a ready relief, in order that the enterprise and industry of the country shall be constantly kept at its full measure of development. The loss and suffering occasioned by the slight proportion of unfulfilled obligntions, is but the mean this and nothing else. The sooner the issue is precipitated, the sooner the battle will be fought, aud the sooner the victory will be won. A general Bank Convention conld be made the instrument of vast good. We trust it will be held, and, if the bavks are not too graspingly intent on their illegitimate gains, we see no reason why it should not be. By threatening, and hesitating, and backward policy in regard to resumption, the country is throwing away a most favorable opportunity to move in that direet The great financial collapse in England bas just passed away; and the channels of capital are there full, and promise to remain full for one or two years to come. Money is both plenty and cheap in every Furopean market—more so than it has been these six years. It is to be had at 8 per the passage of the Tariff Dbill by the present Congress. Ilis proposition to refer the Senate amendments and those of the Committge on Ways and Means to a Conference Committee, shonld have satisfied all the friends of the weight of a feather, after all, upon the aggre- gate transactions of such a trading country as this. And, as was argued in the Senate the other day, it is by no means certain that it T0 CORRESPONDENTS. of Anonymons Comauvications. Whatever {8 imast be suthenticated by the nume aod address of the writer—aot Becessarily for publication, bub a4 8 guarsaty for SEOM. y mkru;\-. TWO AOND AU AMBUEGH'S COLLKC leaving it only four millions of taxation against the hundreds of millions (:hm-_rfully paid by the North. A pumber of articles were s sbonld be addremed to “Tum Tav | addedtothe long free list, and the bill passed with cent, in any quantity, in London, in Paris, in Amsterdam, in Frankfort, and elsewhere. If this country were alive to its situation and its true interests, it woilld seize upon this favor- MALS. AND, b ANI] KAT — THE EXILE'S TiA DAL RS YORK CIRCU OF THE SILVER SHOWER—ACRO- W KYENIN R FEATS. New-York Circus Troupe BATIC AND KQUE THIR KVENING— Ketiia Sieciing, Mr. 8. B, Mills, M MINSTRELS. 3 —MADACASCAR BALLET K TS EVENING = U FROUIK, TH HALL ILLUSIONIST. , THE Proteas, DODWC KYENING HA! ead, etc CLINTO! PR HELBAL M. HALL 's FOPUTAR LE TIHIN KV ENTN Wits LANS OF 1 UNION HALL. ] 1% KVENING=BUNYAN TABL BAUX. Corner Twenty thin omt Brmduer 0! (C > Miustrels. New Acta, Music. Sivg ALY uheur's ar DAT AND § Pearh's Art ow Do Hans's * Adui Dusincss Notices. M) WATCHES. ¥ WORLD. here. IN TH iving ot writiu g to canvass ia New York or Broo wib “Wae have frequently heard Mothers say they ut Mrs. Wixstow's Sootury Svuce, from the birth it bad faisbed with the teething siege, on any considery ne quiet sleep » ed with eoic p Tt gives a0 infant ¢ ottle. and its pareats nubroken rest at aight. Thisty Sre ceats sure and ca't for Mis Wixerow's SooTuisg Svioe. Basing the fac sirile of “ CrRTis & PERKING™ 03 the 0utside wrapper. Al athers ara base i 3 & " TuroAT AFFECTIONS. writing Srom Xewfane, New-York, speaking of the beneficial effects resulting (rom the wre of Browy's Broxcuiar Trocugs, sys: “For alleriating o only felt by those who bave sufered from any Broa- tions. hat Boreid v eiial Affect confers (Uwemgh Taman M. D.) they answer all jou claim for thew.” and for Hoarseness and Sore Throat too, I am free to for ts o New York 91 undertake to return rejactsd Commanications stigating Commitfee teport of the Inte i % The Report of the stigating Com ety of the House of Eepresentatives on, sk Fravds, the Court Ieports, confaining the Fer- nando Wood Lease Case, ity ana Brooklyn News and the Money article will be found on the second paye, and Hli Marlets on the third page. The River and Harbor Appropriation bill passed in the Senate yesterday, and now goes to the House for concurrence in amendments. e A bill to regulate the disposition of proceeds from fines and forfeitures under the Customs laws has been passed in the Senate, and now goea to the Honse. We print it in full. P—— The respondent’s points in the case of 4 "l he “People on the relation of Fernando Wood “got. Richard B. Connolly " (involving the lease controversy) are given in full sau-st. on our m-m:nl_____ The Senato yesterday took up the Niagara Ship Canal bill by a vote of 10 to 15; disenssed an amendment providing that the act shall not take effect unless the State of New-York shall give ity consent within two years; and ad- jowrned withount action. spondence gives some iciary Committee's andoned and Our Washington cor striking results of th investigation of confiscable property. Louisiana show that more than fifty millions worth of this property were returned to Rebels, over existing decisions to the contrary. That Gov. Brown of Georgia tayn the Reconstruction plan of (' astonish the country—the South even more than the North. We aceept it as proof that the calmer thought of the Southern people begins shonld sns- ngress will Fo svond disappointinest, be sure to olaii the gentine Browx's Broy- [ Trocues, E i3 e way to reunio i nee in the law, et S Y I'ne EvREKA Brick Macmie skes 109 splendid Brick per Rowr, with only nine men a per hour by ten ? order orb rwrs, or 4, E d to pro- s guaranteed to uli Areax Brara, G Y FRANKLIN Brick MaciiNe, reat strength, and immess ith sxhl me :nd e, Restores Gray ; removes Daodrafl: the finest 5. 10 Aytor Honse, and Druggisia he Ruervrep.—Sent, Morr’s CHE aic, ke it glossy sl from ‘Sold by Resutox Dye—The best in_ the the ouly perfect black o Wu A “Hak Reliable, Inst: Co.’s Lock Highear premiuas Marrinod Tusicin STITCH SEW- Biroadw & Wi Brrroy-H ovii & BAKES 0. 435 i Macwixe, No, 6 s HIGHEST PREMIUM SEW- NY tes, $2, - mjT'sien-sin—the Chinese port from Reports fre (hinese news now which, as recently state reaches us in 12 ate that the Tycoon has been shot. The news will cause profound regret throughout the civilized world, for brief as has been the Administration of the new Ty- @oon, he has earned for himself the reputation | nd of thorongh reform P ————— ay of a sincere Mr. Sherman introduced in the Senate yester- day a new Loan bill, which we elsewhere print. It provides for the consolidation of the national debt by the issue of bonds, payable semi-annu- ally, principal and six per cent interest, in coin; | taxed one per ecent, the annual tax to| > 2 | be reserved from the interest, and | deposited as a sinking fund for the reduction | of the debt. The issue of bonds to the amount of #500,000,000, with in at five per cent, and redeemable in 20 years, is alse authorized for the sole purpose of exchange for our six per eent bonds held in Europe. he bill is offered for con ation only, at present. rrest Berlin states that in the Diet all the non-German members ted. The Germans of Austria are in itralization, while all the other na nalities dasire the greatest possible autonomy, and consequently prefer the Pos- possible confederation of the several erown lands A dispatch from lowsest Best!” Lasi ¥ d New-York, &k ostos. Tuk Howe MacH s Lock-Stiteh Sew- iiias Howe, jr., (criginal iaveator of the Sewug-Ma 499 Broadwar, N Y. ELASTIC STOCKI SUSPENSORY Radicai Cure Tras Surroutans, &C—Mavsu & Co. # No 2 Vesey-st. Lady atterdast. COX & GIEBS o rip thas the Joel Kent for samples of loth et Bax Oice ke ACHINE.—* 115 Jniged’ decivion” ab the s, 30 liruadwar ARMY GAZETIE. —— BT VRESUNATH TO THR TRIBUNE. e construcd as go by Department Co £ command. " M. Freder, s, and Capt. K. W astered out and | ervices bein . : A the lutter, Jav. 5, | Davis, who Brevit Brig Gen. 1. C. O vcu assigued (o duty w. K. B, 1 PP B Siad; Arting %704 Oscar H. Rives, a2d He Oregon City ‘ouver, Washingtor al office st Oreg welections ngress graniing Iands 10 the 1 & wilitar; roud from Eugeos ounting in the aggregate to « 1o aid in the construct; teru bousdary of said Blate R FIRES. i STAGLE BURNED IN BROOKLYN. At abont 10 o'clock yesterday morning « fire broke oulin the stable of Mr. Jobn Fisher, corner of Carlton and isrtie-aves, Brooklyn. The bLuwding was entirely roed, aud @ horse that was stabled i it was also con- suned. The loss will muount to about $600-—-no insurance. AT TORONTO. AP TO THE TRIBTNE. . 25.~The large car-wheel works of e, on Espalanadest., wero buroed on Loss about $3,000; uo wsurance. PORTSMOUTH, N. 1, ."' A fire broke ont this forenoon in the store of Ferguson & o Congresast. The store was in ing Xuown 24 tho E bo bullding known as the #0ld Bell Tavern,” and adjoiing the new Congress b 1 asons’ Wall! T firs comany oD e « Clark on the east, eat, Lotally destroy onal Telegraph was 1o the lutter removed. The logs About §10,000, which 15 mostly covered by lusurance, ———e INNEYLVANTIA TEMPERANCE CONVENTION, SLKGHAPE TO THR TRIBUNE. ARRISBURGH, Feb, 25.—~The State Temyeranes veution meels Lo-morrow. Goy. Geary lis Leea enuted a8 tewporary of permanent Chalruan of the o Toroxic J &N (L Beoy Batucday ngt. consolidation into one empire. If, as the dispafch indicates, the non-German bave agreed upon a common p gram » Germans are Jeft in o decided mi- pority. Being thus, stripped of their former power and influer they will, of conrse, be strongly tempted to long for the reéstablish- | ment of new bonds of union with the new German Confederation. Serlin nationali To-day the Legislature will again consider the varions plans before it for the organization | of the Constitutional Convention. We have little more to say, but what we do say we most earnestly mean—that the Republican ma- jority, representing the people, knowing their wishes, understanding the nature of each plan, and the number of voles each plan can obtain, is bonnd to make a selection at once. Excuse for delay there is none. Nothing can be said that will change enough votes to affect a decision that has already been made. For ourselves, while we believe the division of 82 delegates between the parties, and the election of delegates by Assembly Districts, to be advisa- ble, we bave nothing more to wrge on these points. All we ask is, that the Legislature should atone for its holiday by doing its work, and in regard to the Convention, the only work it bas left to do it, is to pass a bill to-day. Universal Suffrage is now a living, working fact in the District of Columbia. The eolored man, North or South, has no surer promise, no stronger gnarantee, of his birthright to suffrage than this at last incontrovertible fact. Colored men, withont any exception as to 9 or kind, did vote yesterday in seorgetown for Mayor — that, too, peaceably and without hinderance, and for once with the Police on their side, Those who must advertise themselves as “ White men,” lest we ghould insult the Black wan by mistuking them for something else, were deep in growl- ing, hard swearing, and bad blood before the day was over; but we, venture to say that they have at last aceepted the situation, and in time will come to put a sensible, and, therefore, cheerful face upon the matter. Whether they will or won't, right and might just now mean very nearly one and the same inevitable thing in the Dis- | triet of Columbia. ‘The Radical candidate for Mayor has been elected by 96 majority. The Honse passed the Tax bill yesterday. Before pressing it to a vote some of the re- commendations of the Committee appointed to investigate the Whisky frauds were wisely agreed to, and it is possible that the Committee was wrong in supposing that there would not be time in this session to thoronghly revise the Revenue laws on the subject. Amend meuts wore adopted which reguie iu- to appreciate the fact that there is but one | out a division. The country can gain nothing by this revision of the Internal Revenue laws, ex- cept in regard to whisky; but should the bill become a law, it must lose much by the wholesale reduction of revenue it will make. $75,000,000 Mr. Monill admitted would bé taken from the Treasury by this bill, and we do not believe that the relief to cmain‘ branches of industry will compensate for such o loss. “CAN THESE DRY BO Quite a number of dilapidated and seedy Democratic politicians, who held office under bygone Administrations, and would like to hold better offices under the next, have been urging Mr. August Belmont, Chairman of their National Committee, to call a National Convention—as he was empowered at Chicago to do; but Mr. B. shrewdly refuses to comply. He is doubtless familiar with the ancedofe of Bias, one of the Seven Wise Men of Greece, who, being at sea when a violent storm aros and a decided] ad 1ot of fellow passengers set up a vociferous discord of howling h.) the gods for rescue, begged them to hush their tu- mult, as the chance of coming safely to land would be decidedly improved by keeping the zods oblivious of the fact that such ¢ were on board. Mr. Belmont doubt] the wisdom and pertinence of the old Greek's aution., Yet the utmost ecirenmspection partially avail. “Murder will ont is nsually gifted with a perilous volubility, We defy any one to read any prominent Demo- cratic journal for three months continuously, and not perceive that its editor’s real belief is, that the Kebels in our late struggle were and are the true Unionists, and that those who put down the Rebellion were the real Disunion party. Thus, The World characterizes those Members of Congress who were always opposed to8 sion and its consequences as * Disunion, does the same honor to the only party in Ke ky which never faltered in its fidelity to the vation, nor urged any surrender to Treason "he Democrats of St. Lonis ce just held a | preliminary toa State Convention, and can but nd Treason meeti therein gravely resolved that the Fede ral Goy ernment is a mere agent of the States, and that | any attempt of said Government to impair or : “dissolntion of a league™ was based and | d. 1 see no neecssity for, no wisdom in | sion,” waid, in substance, Robert E. Lee, | Alex. H. Stephens, and ever so many others; “but, if my State decides to go ont, 1 shall go | “with my State.” So they went. And if the Federal Government was, and is, & mere agent of the States, why not 7 May not a principal | How is Secession | discard or chunge his agent ? to be resist on the assumption that | Federal and State governments are alike agents, of the American | 1, s creatures, or instraments, cople. The present Constitution of Missouri restricts the Right of Suffruge to such Whites u swear that they gave no voluntary ai late Rebellion ; denying the elective franchis to Negroed alike, This, the De mocracy of Missonri consider all right so far as the Blacks are concerned, but a nullity so far as it affects Rebels, Henee it is by them olved, That every White man in M of lawf A sounid mind hive the right A should ex cise that right at wll hazards, and subject to all the conse guences which u unlawful ussamption of power might This is either rebellion or nonsense—prohably both. Apart from the Constitution, a White Las no more right to vote than a Black; and when these Democrats declare that so many of them as have been Rebels shall vote “at all “hazards,” in defianee of their State Constitu- tion, they in effect justify Blacks in doing the y same. In other words, they substitute | Foree for Law, —~The Democerats of Kentucky Leld their State Convention on th T WAS hever a moment when Kentueky Democracy was not | in sympathy with the Slaveholders’ Rebellion, though individual members of the party we not. When President Lincoln ealled on the loyal | States for volunteer militia to aid in defending the threatened eapital of the Republie, this was | the response of Kentueky Demoeracy : “FrANKrORT, April 16, 1561 Setretary of War': eived, " 1 hels and it wouri r, T say em pa for the | g her sl State 11, Governor of Kentucky.” Months elapsed before the first Kentucky regiment was orgunized—in Indiana—for the defense of the Union, though, four days previ- ous to the above Democeratic manifesio, the following telegram had flown all over the country : April 12, 1801, 1 Kenine At a momend “LorIsvILLE, K “ Dispatches have come here to h volunteer regiment in readiness 1o 1oy notice from the War Department at Montgomer, And now Kentucky's Democracy assembles to nominate ou its State ticket two Rebel colonels in onr late war: Hon, Wm. . Preston, a Con- federate leader throughout, having concluded to decline the Governorship, while Ge John C. kinridge's na was hailed with gen and rapturons cheers, Of cou Gen, Preston was called out in a speech; and of course he ared that within the sound of my y lins arly and husiliation. durini the 3 as willlng to do mueh to shicld her from the “storm that threatened, and am willing, today, to.do a8 much; but the words were all for action,” (in the Confederate army, to wit.) And of course he protested against the action of Con- gress throughout, rejoiced that the late Demo- eratic Legislature of Kentucky had restored to him and his fellow Rebels the ht to vote and hold office, and demanded for his fellow Rebels m the States farther South “instant *admission into the councils of the Nation.” Of course, he *could not recognize the name Rebel “in an offensive sense in Kentueky;” and why should Le, when her Demoer chose a fight- ing Rebel to the only State office filled at her Jast election by forty thousand majority When Rebel Colonels are thus chosen over Ifllliun Generals, who ean say that there is any thing “offensive” in the term Rebel ? Gen. Preston elosed with this neat but need 1ss appeal to his fellow Democrats, in behalf af | | | | | kees u this? What [ shop? Is the bough and sold, and that is n't bought :nul[ | country the whole movable measure, as it did satisfy those who are not willing to risk the general prosperity of the country single was, it seems to us, unobjectionable, and to gratify the wishes of interests, As modified, his motion the gentlemen who cared so much more for coal than for the country were short-sighted in not sustaining it. It is all-important that the Tariff should be passed now; that it should not be postponed to a new Congress, which may very easily be prevented from considering it at once; and we regret that every man in the House who sincerely desires to protect the industry of his country did not grasp this opportunity of ending the debate and securing a vote in both branches of Congress, Still, we have increased hope that the bill may pass this session. The vote against Mr, )lnlrill'n motion, B4 yeas to 86 nays, by no means implies opposition to the Tariff itself; for all the Pennsylvant, and some of the Maryland and New-York members who voted in the negative, will be registered in the affirmative when the main question has to be voted on. The oly difficulty is in obtaining a vote on the Dbill in some shape, in any shape, and that diffi- culty should be easily overcome by a sensible spirit of concession. If difference on details should prevent the passage of the bill, then there is no more reason to expect that the XLth Congress should do better than the XXXIXth, The Tariff bill originated with this Congress, it has been debated by it during two sessions, and by this Congress the people ex- pect that it shall be made a law. Mr. Morrill announced his intention of pressing the bill to- day, and keeping it before the House till it i disposed of. He will keep his word. Will the Protectionists in the House keep their pledges to the country ! THE BANKRUPT LAW. We have been surprised at the lingering pro- gress of the Bankrupt bill through Congress. Weare, and have long heen, totally unable to ap- preciate the force of the reasons which obstruet its passa We are sometimes told it is an un- popular measure, and will meet condemnation the polls. We do not believe it. At all events, we regand such objection as of the small- est account politically. But do those who deal in such objections know that there are two widge the authority of the States should . B met and defeated. This is the precise | sides to this qaestion? And that if there is a | | doctrine whereon Sedession (which Jefferson | party against, there is a Jarge party for a | Davis officially pronounced me “the | Bankrupt Law? And is not the force and activ- | cater of the two? But ve these forees neutral- ity of the latter the gr W utent to bel ize to be legitimate considerations, We are a great commereial nation. We are the greatest trading nation on the face of the carth, Let those who doubt or deny it, con- sidar the fact that everything ip the s projerty, in this country, is for sale at one price or another. Whether it be real or sonl property, whether it be ancestral homes newly-bonght corner-lots, the household i n's new k- wpe of ms of a revered ancestor, a Posy cquipsge and wardrobe, his wateh, his knife; are not all in the market f pr Whoever heard of a Yankee having anythin he wald not sell T And are New-York but a Jew anything in it that cannot be ® sold? We sell school-liouses taverns, cem cteries for newspaper offie churches for shops. We trade in everything, and we trade incessmily. We are unquestionably the most invetente traders on the footstool. In other conntrie, there is a limit to “operations” in propeity; but here there is none. In other couutrie, there are some things you cannot buy. Y cannot buy a cathedral, nor a gra card. The princes keep their palaces, and the nobles feir 5. The ate and | pictures are treasured, and the « family horse anl the old family servant are suffered to die @ the place of servie But what American prinee does not sell his palace? and what Ameican noble does not hold his estate for a pric!? It is of 1 nse to de tries there are some things, nay, many things, representing a vast money valae, which are not objects of barter and sale; while in this and immovable property of he nation is in the oty and is constantly aud forever changing hands. Being thw the greatest of bargaining trading peoge, we require above all others a general and uuiform law applicable to this phase of thenational life. Nobody ean dispate this. Humaity revolts at the idea of not re- licving mishrtune where possible, however caused, In pseuing a drowning multitude, who refises his hop because among them are thicves who ought to be drowned? A well guarded bankrapt law is not to be op- posed becanse in relievi nd ful citizens, it sometime aves also. ot efuse to en beeaisethe unworthy may take advan- : the the innocent, though guilty escape. Such s theYsublime pri that underlics he eviminal code of all civili countries. Whyshouldn't we apply it inits widest Do not say e of life and death, There is n the red ¢ misfortune that bankrapte; i It ofte nothing more agnizing on earth tl hot pinchings of ruinous pecunia to the man of pide, and sensibility, and high lonor. And the loftier his chavacter, the more deli anization, the more infernal his tort this sort where death itself would be pr to the sufiering experienced by the bankruy There are many cases in which 1i rily taken to eseape its pangs. It month an Ameriean physician of 50 yewrs, ely took the life wonin ol 1 then his own, be o of the pressure of debis upon him which he eould not pay. We lave Tigh anthority for saying that *debt is Imful- “age;” and to those w ho are under its chains, and have lingered long, and see no mean o escape, it i8 a hondage of the most cvuel Kind ; for it is a bondage of the soul. Tut it is not upon such cousiderations as red is not his own wile, her, without holding cither of them | per- | we not all Yan- | y that in the old comn- | nd | are many cases ol | is volunta- fi o would work any real mischief, if all debts were left to stand on the basis of honorable obliga+ tion. But this is a long way in advance of any position for which we contend. We hold only that debt should rmn against property merely ; and that, whenever and wherever the debtor smrenders all he has to his creditor, that should bo the end of the ereditor’s claim, and secure the discharge of the debtor. We hold this to be perfectly sound in principle, and the only rule of action that will give to such an enterprising people as ours, the relief and the freedom which will secure the greatest amount of National productive power of which they are capable. So mneh for the general view of the case, which it would be easy to expand if it were necessary. A to the specific measure now be- fore Congress, it is enough to say that the bill has been drawm and matured by skillful and careful hands, and passed by the Senate after an exhaustive discussion, and if any bankrupt bill can be made satisfactory, it would seem hat the one before Congress ought to beso. We sincerely hope that it may De got thronZ without fail at this session, and we do not be- lieve that any regret will be felt hereafter, on any account, at its passage. d oo o WHY OUR CITY NEEDS A4 BOARD OF PUBLIC WORES. The Legislature, it is expected, will soon act decisively upon the bill creating a Board of Public Works for our City. We cannot find room for a long article in its favor; so here is a short one: I Experience in other eities has proved the ntility of such a Board. London lias one; so has Chicago; and their operation has dispelled all doubts of their value, . 1L, This, like every other City, has many dif- ferent departments, each of them buying, hold- ing, and improving property on behalf of the community. One of them may have property to sell which another wants to buy; one may tear down or sacrifice a structure which would be just adapted to the pressing need of another. | What we need is a Board providing and con- | trolling all the structures needed for Municipal : purposes, and shifting them from one use to another as the public interest shall dictate. Often, two diverse uses can be subserved by one structure at far less cost than would be | required for two buildings erected by two in- dependent Boards, IIT. If any one should s “Let the City | “effect this reform for itself,” we Answer t | she cannot ; her charter does not anthorize i Der thieves will not allow it. Witness onr new Conrt House, in constructing which at least One Million Dollars have been stolen, That structure has been (partially) mn up by the Board of Supervisors—all chosen by popular vote, one-half by ecither party. | IV. This bill rips up and erushes out severa of the most gigantic and inveterate swindles imbedded in our Municipal system—Street- and Street-fixing generally. Sternly administered, we believe it will save our tax- payers One Million Dollars per anunn. | —We would like to say more, but room. We beg the L ature to give us a | Board of Public Works, BANKS AND BANKERS. have no ore | | | those who | inflate th that the that we do them injustice in classing them with ire to postpone resomption and ey still further. They allege | s anxious for specic payments as anybody. We have ot the least doubt of it. We know perfectly well that we have uttered the sentiments of all the sound finan- | eiers in the country in the views we have lately expressed. If we did not feel this, we should have a much poorer opinion of our best n than we desire to have or expect to have, We know that large numbers of our most pru- dent capitalists and Bank managers have been rged into our National Banking system nst their will, They would have to have kept out of it; they would he glad e T Tad I3 to be out of it; but circumstances are and have been too strong for them. They the bad company into which they have got; they recog- nize the set of the current which is drifting the whole body into conrses they would be glad to shun, but which they feel powerless to control single-handed. They know as well as we do, and feel as keenly as we do, every | finaneial misstep made by the speculators and | spoliators at Washington, It is needless to say we except this elass from B | tion of the National Bank men and their cus- tomers, Were it not that we suppose that some of the weakest and wickedest of our banking concerns are vight here in the City of New-York, we should feel inclined. to except the great body of Eastern banks altogether, We believe that very generally they are in the hands of n of sound opinions. The diffi- enlty is that, as Mr. Hooper recently remarked in Congress, banking on the basis of deemable paper is such a peeuliarly profitable and fascinating pursuit that they ave too apt to forget their principles in pursning their inter- st \ know of no better plan. for onr really solid and conservative hanks and bankers to adopt, while the question of the policy of in- flation is yet imminent, than to follow the Un- derwriters of the conutry in their example of a National Convention in this eity, to express their views and convictions. If it be a fact that & majority of our National Bank managers are really sonnd®and conservative on the subject of the eurvency, nothing ean be more conducive 1o theiv own credit and standing in the com- mwunity, and to their own lasting interests, than for them to get together and declare their sen- ps, and to arrest the growth of the odium | which is beginuing to attach to thé whole body, By the assemblage of suclia convention, we | can at least divide the sheep from the goats, { We can then all sce who the ® wild-cat ” | bankers are, and who are their backers. We 1 are fust coming to a contest between the sol- verey and the insolvency of the country. And this begguily resistanee to resumption®and at- | tempts at inflation. leading o baukruoley, | Some of the National Bank people complain | been | onr animadversions when we speak of the ae- | able financial condition to rapidly acceler- ate its steps toward specie payments, If we were to exhibit the proper resolution and energy to take advantage of the present state of things, we might do as much in the mext six months toward resumption as, with an opposite condition of the market, it might take half as many years to achieve. Shall we be wise enongh to avail ourselves of our golden opportnnity ? Not if the “wild “cat” inflationists of the House of Repre- sentatives bear sway; not if the sound banks and bankers of the conntry sleep over it; not if we rest content with this miserable muddle of talk that we hear about the country's growing into a resurrection of its long-drowned credit withont an effort. If the sound banks and bankers do not mean to succumb to the proposed poliey of indefinite suspension, let them give us a National Convention and tell us what they do mean 3 — i S, THiE WHISKY FRAUDS. The report of the Committee on Whisky Frands is printed on the second page. It does not deal much with statistics, A few millions or 5o don't amount to much. aud are not wortly talking of. It is enough to say, in a modest way, that “at least seven-eighths of the entire “amount of spitits manufactured wnder the “present law have escaped taxation,” What details conld we expect of a Committee com- pelled to make the sweeping assertion thas “few, if any, of the large distille in the “United States, now inoperation, are doing a le- “gitimate business?" It is vather an anti-cli- max after this to say that “of the 14,044,000 - “gallons of spirits on hand and renewed on “bond, there were on the 31st of December, | 1866, 5,0 4 gallons unaccounted for, “which should = pay into the Treaswy “over £10500,000." Ten millions is but a trifle compared to the totul swindle” OFf $100,000.000 the Government was cheated in 186, by the evasion of the whisky tag alone, and while the first cost of (he mannfacture of whisky i3 from 30 to 40 cents a gallon, and the tax is $2 per gallon, it is openly sold at #1 50! Here ars some of the little facts these five adventurous ‘ongressmen had to deal with; and while thers is no doubtof the enormous extent of the | frauds, it is not strange that they found threas months no time at all to find out who the swindlers were, The very incompletencss of the report in | these respects is proof of the value of its gen- | eral recommendations. Cpnfessing to be a lit- | tle stunned ourselves by its revelations, we | shall not say, at present, what should be said |in support of the suggestions that the bonded | warehonse system should be revised, 8o as no | longer to encourage cheating, or that no whisky { should be removed from the distillery till | the tax on it has been® paid. Nor need we speak again of the folly of those parts of the law which made the in- spector a salaried agent of the distiller, or which gave the Treasury Department th | power to compromise cases of seizure for violation of the Revenue laws, for these the | Honse has already repealed. There seems to | be a practical wisdom in the opinion that the tax | should be laid upon the eapacily of the distillery, and not upon the quantity of spirits actually s difficult to discover, e with | distilled which is al | especindly when inspectors are blindfol s, and distillers langh at perjury, green! | We can only say that the report is oreditabla [ to the five gentlemen who made it, and discreditable to the disullers and inspectors “who helped them, and that it is impossible to | say whether the reading of so much unlawful | whisky ought to sober the public mind with griof for the money that is gone, or intoxicate nwho have got it. Gioy. Bramlette officially apprises the Legis- Inture of Kentucky that **lawless bands of men, “ who set themselves up as ‘regulators,’ and exe- * Lynch law," are burning houses, breaking jails, committing munders and other outrages, “in that State, especially in Boyle, Marion, and " The Counties named “the wdjoining Counties.” voteus tollows: 1566, 18614, Union Dem Lincoln, McCleilan Royle e B3 1 532 Marion .. i) 1,074 23 11 —We presume no one doubts to which party | the *regulators” belong. Dr. Fuzaseti BLackwees, will leetare on Thurs- | da, the Historical Society’s Hall for the benefit of the New-York Infirma and Children. Her leetnre will be on 1 Edueation of Women in Enrope and America.” As an emineny physician, speaking for an institution that deservee | as generous support as any we have, Dr. Blackwell will be heard, we trust, by an andience worthy of hes cause aud her ability. s Wittt Leoyn Garersox will speak o tional Affairs this evening, at the Brooklyn A of Musie, USIC. ’ - The Monday ma concerts of Messrs. Se and Pease offer us an average of clever m with a few rarer morecanx at intervals, and are ap- parently_enjoyed by a pleasant class of concert- A Koe o ' programme was not the bess selection th ould huve been made, as the ex- coss of one kind of virtuoso music must have been generally and tedionsly felt, It is natn- at we shonld care littlo for Hol- herg, Do Boriot, and gheir admirer, Mr. Pease, when so many of them come together at once—and then Mr. Pease had four picces of his owit in the pro- gramme, which was toowinch by balf. We do not include his eradle song for violin and piano among the superfluitics. '}'! is intorestipg as being nicely elaborated, and as one of the most graceful ot his compositions—not abundantly inventive in s pmpaniment, however. 16 was interest ng, too, 50 Miss - Matilda Toedt's = casy bow gave to its strain b tone 80 sympathetic. of Mr. Pease’s compositions,” the sweet ight”, soug of the Poet Aldrich, was less ven by Rignor Severin: rst, because the 1 unmistakable cold ; wsic (pretty in the refrai , us most of Mr. s inspiration. Wl reeret it Signor ni should have snng so pure astrain as 'l n Auya Amorosa,” from Mozart's “Cowi fan Tulti, while sufffering under so plainanindisposition. As it \\Ml the Romanza was one of the most enjoyable parts of the proguimme. ~This evening Mr. Bergnor’s Concert will take placo at Steinway’s, and Miss Sarali Sandorson will Yivu another at Cliuton Linli, ral enough t