The New-York Tribune Newspaper, March 6, 1867, Page 4

4 Amusements. A AAARAAANANS — e WINTER GARDEN. £ 1S BYENING-MERCHANT OF VENICE. Mr. Edwia Booth. NIBLO'S GARDEN. 3 1 ~TIE BLACK CROOK—Grcat Parisicune Bal'ch PRI BV AT Troope. WALLACK'S TIEATE G=INVESTMENT. Mr. J.V AY THEATER. o3 18 BVENT ATRY CHCLE; Or, CON O'CATOLA Irnlw <IN AX ¥ PLACE. Mr. eud Mrs. Baruey Wil L TH T 0l — NEW-YORK THEATER. PERSEUS AND ANDROMEDA (B THE LAW. Don. ING POINTS bttt uas OLYMPIC THEATER. THIS BVENING—STREETS OF NEW-YORK. p————— THEATER. AN CHILD — A LU, ) MART) RS—~TWO HUND. D CURIOSITLES— VAN AMB! ANIMALS. KD W K CIRCU THIS EVRNING-SPRITE OF THE SILV 1OWRR—ACRO- ESTRIAN FEATS. NewXo KELLY & LEON'S MINSTRELS 118 1V ENING — CINDER-LEON OULE. o DODWORTH HALL. 4018 KVENING=M. HARIZ, TUE ILLUSIONIST. Ploatiog Head, ete N HALL N IS AFTEENOON AND KY gr Twealy tuiei-at. and Brosdway. VIFTH A\_'ll OPERA HOUSE. T KUENING-THE BLACK CROOK (Bu istj's Miastcels. New Acts, Musie, Singiog, Dan MoRrE TRIUMPHS FOR HegRiNG'S PATRNT 8 = GreaT FiRg AT WELLSVILL FIERRING 5 SAVE AHEAD OF ALL OTHERY, WELLSVILL Y., Feb. Vo 2 ;mm HarnrNo, PARREL & SIERMAN rEs. 18, 1997, New-York, wnrs: On the morning of the s o calamits—twenty-four buildiog groces Mote— frame bailding, three stories dov ¢ fames. We bad oue of your € b B et ning our books and papers and so ath side of it, aud & co aud oilee liquors in close prox ‘twice the length time, ¥ York & Chamberlain, and our Looks came out in better ours fr: Jvon & Co ¢ i the above statement. o & Luewis, Bankes. W. T. Baxes, P. AL e igned, fully concu Brressive P ¥ ) TWO BLOCKS BUKNK] egas. Henring, FARRKL & Snskyay, New-York Mos1iE, Als Feb. 13, 1967, : My store was totally consnmed by the b, Feb. 9, which destroyed uearly & whole busiuess portios city. 1 whea 1 got calleat conitio c horwian Uhes bave no, sppearsace of st and boltest fires the Imx ook place ;uumme‘.n iAo ible, and I i wore than pleased with the result. =i PFkp. Nevxasy, Ageat Grrar Frrr AT WILLOUGHBY, OHIO. Guar PAkT o vaE Towy Dgsm WiLLovuisy, Ob RREL & SHERNAN. end me & No. . 24, 1967, o yours-—atont N 5 f e, and o1l books casne ont sale. ledse waseec ot once. » truly Hrnnixa's Pavest Cuawrion Saves Tux Most ReLIANLE PROTEOTION FROX Fiks now KNOWN. Mawfrctaied oaly b lh’lmm Fanrer & SHERNAY, X corser M o., Philadelplia thirty-six ‘Caa you use the old 0ue At same pri W. 1L Muiny {hat they are Dixxen s jase is Nickel Silver, u} cas that ther powsase all o beauty of design aud ' aw Maou fa Company refer with conlence to the high ‘ tation they bave mwfl.w In production of K Ak, In which tiey bave boen d vars (he public that they will fully sus’ uction of Kikcrio-PiATHD WARKS of fuch ‘qually’ and ext litf %8 will lusure eoiire mtisfactiou to the purchaser. Al articlos by thcio are stauped thus: &3] AN, o alt guch ara falls guaranteed. They feel It necessary all tao on of purchasers he above trade-mark ave beou alieady extensively ated. Theae goods © red from rospousible dealers Uiroughout the couutey. « teasive stock, (rom which very desirable selectio Stark & Marcvs, No. 22 John-at ge. Soothing Kyrap performs precisely what it profs 1 wo b the power, we woukd make Mrs. WiNstow—as sbs I {phrsical saviour to the infast race.—[Extract from the Rev. C. Z. Weis predetter] Besare and call for MRS WINALOW'S SOOTHING SYRCF." $laviag the Coxris & Prakins” on the outside wrapper. tatians. SPECIAL NOTICE, estod ta our extensive variet wl Kx15ES, &t prices whic! Mazcu K-MAKERS, pori’s new Teon-cuap Bricx Macuix m (e smme machive, viz, Common sud Fressed. In o ality thia machive hos bo equal. Five bundred dollars sase. ressed brick Aze set upon edge in backs or 0a shelving as s00u as drawn 0, thers a D ] weather as well as fuir. the New-York Btats Far, . A. LarLes, inveator aud wan- molds, snd wode of operating on exh rtlaudi-st.. New-York City, by J. ud exeinine U s eator Tuv. Eus Tcith only wine men ant ove . Has no cony Tta great evory expert, at sight. its equal. hasers 1 Agent, No. 141 Brosdway, N. ¥ a We cualienge the world to Annan Requa, Geue 1 Tue FRANKLIN Brick MacmiNe, Puatly ee'ebrated for perfect o v, great streagth, and immenss 2 N th t wen snd two horses, to ks per hour. rodwar, N. Y., Room 22 Coreate’s Hoxey Toier Soar. | s Doaers. Bravovvr Ham—Creva s #aik positively restores gray hair to its original color an Dgauty ; lmparts life asd strength to the weskest bair; stops its falliag oatatonce; keeps the head clean; is unparalleled asa bair-dressiog. Bold by alf druggists and fashionable beir-dressers, and at wy offics, No. " 9,148 B E s A lady who five months mowt setreme torbare from Nearalgia bes beeuw completely curnd wae dovs (- fapty drope") of MiTCALFIS GieaT RAECRATIC fa or. e attenti ;‘lfflifif}:fild called 1o an ex- 3. fu & Co, of LoTa on the saxt. oMok BOW, b \. x| Ninets-elxth-st. wre well worth Being the attoution o DUATED PRESCRIP- For eale by ail respectadls zents. Buy one—a necessary L's PAT Buanvy Borriss Y Buos, wholesile A i—The be the oaly perfect X tinta: TrUssES, ELASTIC Banoaoms, Surpontens, Ao V08 uly 4t No. 2 V ower st T Lady atteud per dozen; Duplicates, $2 8. Leyss, No. 160 Chathamst, N. Y. i TETm Barswrl Addirom br. Foines wily, 1.':'.2'5;..;_”.‘.33.,.:, . ‘B:\:: FLORENCE Revemible Fred Lockstitch S inG-SlacuixEs. Beat'fauiliy wachive iu (ke world. - WILLCOX & GiBps » peam s leas Lable Lo 1ip than the lord Gramd Peial. | Bend for samples of both stitehes. Tre Howe Maciine Co.’s Lock-Stiteh Sew- o -.n;;:nvn B o, b, (cigaatvusor of e Sowing o Errarric 8. M. Co.'s Lock-STITcn SEWING- WrreLer & Wirsox! Y w- DEESLES X0k Booe Syros Sew o WEED BEWING MAC ‘alearoom, No '::z'..—;l_mpmved Wheel, X L O ROVER & Dakew’s Higuis® Presivs Suw- . 5 Boosdnat ¥ RTINT, THE ROH'S COLLEC- Cireus ‘I'ronpe.~ — MADAGASCAR BALLET Proteus, ENING—BUNYAN TABLEAUX. Cor- Grifia & je oils on the north ide the wafe of another wake ‘gret fire on Satundyy uare of buildings in the preserved ia were drawn by the stet; been through one of the Every word and T had one i rrar-st , Kew-York. CTURING COMPANY “ description of & verr wuperioe “A Dbless- ling on Mrs. Wixsuow,” fur belping ber to survive and escape the griping We coufirm evers word set forth in the o to o st Mor * | him, he doea not. 17 sk | the bill as it passed to show how ea AMERICAN (WALTIAM) WATCHES, THE BEST IN TIIE WORLD. L — v CouGu that not yield to ared by Javse's EfWkoronaxt, fald TA St ertinary reme sorders. 1 Pulmona & most efectivg saediciue in all Brouchial hers. o Darcy Teimuxe, Mail Subscribers, $10 par aunum. SEME-WERKLY sune, Mail Subscriboers, $1 per an. WEBKLY TrisuNE, Mail Subscribers, $2 per anuyul Advertising Ratoes. DALy TRIBUNE, 20 cents per line. Semi-WegsLy Toisuxe, 2 cents por line. WeekLy TRIBUNE, §1 50 per line. Terms, cash in advanco. Address, Tite TRIBUNE, New-York. B 70 CORRESPONDENTS. of Auouymous Communications. Whaterer 1s bo aatheaticated by ths utme aod address publication, but s a guarauty for No noties can be take inteaded for insertion mast of this writer—uot necossarily oF his good faith All business letters for this oxe! New-York. 76 canutt uadartake to retarn rejectod Commavications. office should be addremed Lo Tum Twis: 17 A letter on the Gurrency from our speciol corvespondent at Washington ; a lotter from Boston on Frohibition vs. Lree Tum ; a letter Jrom Deter Cooper on Ocean Telegraphs ; the Money Article, Markets, and othe nalters, will be found on the second page. The Union Republican Geveral Committee held & fmeeting last evening and adopted ex- pressivo resolutions in regard to the death of its late President, Amor J. Williamson. Mr. Waldo Hutchings delivered a fitting eulogy. The teport that Maximilian had left the City of Mexico at the head of a considerable {force is confirmed, but whether he intended to make for the coast or march against Juarez was still wrded as doubtful. In either case, wo are likely soon to receive decisive news. A dispatelt to from W ashington says Mr. Fessenden has resigned bis place on the Com- mittee of Finance. We trust that the “stern, “ijrascible, and most thorough legislator,” will do no such thing, His services cannot well bg spared from that Committee. We do not want the action of our Finance Committees of Con- gress to be inspired by the banking interest of the country, nor byits traders, nor by its specu- lators. A )il to prevent delays in railvoad travel has been reported in the Legislature. It compels companies to make connections between their roads with reference to passengers, bagz freight, and appoiuts Commissioners to decide disputes. The recent quarrel between the Had- o ad Central Roads resulted in the b ng of their conncetion, to the incon- venicnee of the public, and shows the necessity of such a law as the bill provides We hear from Washington that there is great reluctance about going on with the new sion of Congress in the absence of the six doy nnrepresented States. The members made great efforts to finish the pressing publie busi- ness before the 4th of March, partly on this account. IHaving accomplished their ohject, there is a strong indisposition to lay out new work which it will inevitably take time to ma- ture. The subject will come up in the caucus to be held to-night, and sqme decision be reached. ———————— Tho inflationists of (!onmf’izs_mum' let the dead sleep. Mr. Price of lowa, whe was achief mourner over the legal-tender loan bill, yester- day asked leave to introduce a bill to amend the Cnrrency act. We wish somebody would introduce a bill to amend the cuirency acts of Mr. Price. We should be inclined to think the scent legislation on the currency is enough to last that branch of the National service till Au- tumn. The labors of the member from lowa ) this subieet may be valuable, but we can have better without money and without Price. Mr. Davis of the House of Representatives writes us to say that he is subjected %0 mis- representation in eonsequence of our refere to his proposal to issue greenbacks to pay tl 7.0 loans as they become duc. We supposed everybody understood, as we did, that bis prop- osition was offered to the House inflationists by way of exhibiting the logical eonsequences of their policy, and for that pnrpose only, and not because Mr. Davis approved the measure, whicl: wo then presumed, and now leamn from He merely flung a stone at ily its zlass could be broken. ¥ lent 2t the Staten Island yesterday—providentially without loss of s an instance of the carelessness with which all our ferries are managed, and the in- difference of the Companics to the safety of their patrons, A [ hoat, under full head of steam, ran into her slip, crushed the bri and knocked down the building above it, and the sole excuse is that the engineer went to sleep, or that the pilot neglected his duty! It is not strange that this accident occurred ; the surprise is that accidents equally dangerous do not occur more frequently, The affair will recall tosthe public the fact that a Legislative Committeo lately investigated our Ferry sys- tem, and will increase the desire that it should make a thorough and prompt report. he diszraceful ac Congress may not be in session over another Sunday, but it is prompt to choose its chap- lain. We do not believe in legislative nor po- litical chaplains. All the good Congress will get by having a special man to pray for them, we presume, is not much. Let them call upon the oceupants of the Washington pulpits, who will not, we venture to say, refuse to perform in turn the missionary work of Capitol hill for a very moderate stipend. There is another reform we beg to suggest. That is the dis- pensing with public funerals of private mem- bers, It is a custom more honored in the breach than in the observance. The interjec- tion of funeral orations into the very heart of Congressional proceedings, as is often done by our wholly unique custom of treating this sub- ject, is sometimes quite too grotesque to befit so solemn an event. Colored men have voted at last in the Old Dominion. Virginia must suffer this justice whether she will or not, for it is idle to argue violently against the stern logic of such hard things as events. The voting done by negroes at Alexandria yesterday was the shadow of a good thing so much like the substance that we scarcely care to recognize the differ- ence. It is true their votes are not to be counted in by the election commissioners, but it is nevertheless true that they hiad polls of thoir own, and voted veasefully -r N ——— manfully, The formal question has arisen ‘as to whether these votes shall now be connted ; but the question is a Virginian one. The hlm‘}( men have shown their perfect ability to esti- mate {hemselves as well as heir votes, and the solution is virtw ehed, The grand ¢ of the conntry decided their perfect eligibility, and it ¢ remaius for t!:t:m to take posscssion of their own. We lail the event. e ——— The State Senate yesterday made the Con- stitutional Convention bill a special order for to-day, and this is the third or thirtieth fi_ e it has been a special order withont anyflun.g especial happening. This snggests that if making important business the special order results in nothing but continual postponement, we might be spared legislative promises which are 8o badly kept. The Convention bilt, “like a wounded suake, grags its slow }(-ng}h along,” and scarcely one of the matters in dispute Las yet been settled either by Senate or Assembly. The people are . weary of “to-morrow, and “to-morraw, and to-morrow,” and believe that the Legislature had better do a little work to-day than promise a great deal next week. Let Senate and Assembly pass their respective Dbills at once. A conference commitlce secms anavoidable, and that will long enough delay the passage of the bill. e — PROPOSED REPUDIATION. We can understand the ‘inflationists and free traders when they talk in the following man- ner. We quote from a _conspicuous communi- catlon on the editorialipage of The Chicago Tribune: “The principal of no part of the “ganded debt, save the 10-40 five per cent “Joan, is specially made payable in gold. No “provision is contained, cither in the law orin “the contract, as to the currency in which the “ other bonds are to be p: [Laws of 186 “chapter - The principal, therefore, “js payable in whichever class of legal “tender the payer pref The whole “ funded debt, except the N “the 10-40s, becomes payable at the “tion of the Government, in or before t “18 As it matures it ought to be paid in “ greenbacks. The currency to make these pay- “ ments could be obtained, if neces by a “free use of the printing press. Governn nt «would then be in a condition tq make its “own torms. Two courses would” be open: “Lither to fund the notes, at their curent “value in gold, into a bond-hearing, say five “per cent interest ; or to fund them, at thei “ face value, into a three per cent bond, pa “able principal, as well a3 interest, in coin Here is stark naked repudiation openly advo- cated by a free- ¢ irflationist journal. This i precisely the debauchery and demor alization into which the country ~is being plunged in consequence of its departure from the old-fashioned ideas of considering a debt and a promise something to he honestly dis- We have sworn by the irredeemable xea of 1881, and op- charged. promises of the Treasmy so lon persistently declared that Unele was a3 good as anybody else’s performance, that we are beginning to reap the fruits of the declaration. People taken at their woud. We have beard on all sides that irredeemable m's promise greenbacks ard geod ; that we want nothing dter; that the country is content if they have any other currency; aud the Representatives votes, 70 to 7, in favor of having them substituted for the notes of the National banks. Being good, t want more of them, and it is now proposed to convert our interest-beaving securitics into them, after the faslon above delineated. As fast as the 7.90s become due pay them off in logal tenders, “A freo ‘use of the printing “ pross,” exclaims this writer, is all that is re- quired. Having substituted greenbacks for the 7.308, there is only ono step more to take, and the ground is entively cleared. Pay off the 5-205 in the same w wd there is an end of your National debt. Nation will owe noth- ing. cks are good whether thoy are redeemable or not. Such is the theory of the iuflationists, The notes are based on the entire property of the conntry; they are the nation's promi And is not the nation good for its promises, gooil for all the'legal tenders in circulatiog; and would it not be equally good for them if all the 7205 and all the 5-205 that it now owes were convorted into them? Why, then, hesi- tato at the conversion? Such is the reasoning of our irredeemable paper money men. This brings us to the precise point where we test the value of the greenback. It is here to be aeen that the greenbaék has no actual value that does not rest upon the prospect of its re- demption. And if there were no such prospect, the fact of its being a National promise, of its being an obligation resting upon the ‘property of the country, would not give to it the value of a copper cent, Tt would be utterly and totally valueless. Issue a small quantity, the prospoect redemption may be good. Issuea larger Hlinois House of Th For be it understood, the greer yet more and more, and you can de- the prospect entirely is thus we may sec there is no certain It is & most perni It value to the greenback. and dangerous instrument, because its value can be so easily depreciated, and even de- atroyed, by reckless or ignorant legislation, It is proposed to make it the convenient sponge for all private indebtedness, and the ready in- strument of vepudiation. This is the very use the inflationists propose to make of it. In the extracts nbove quoted they boldly come to the front and declare their purpose. They will pay off the National debt in them, and by issuing them to this extent they will so far destroy the expectation of their ever being redecmed, in which rests all the value they have, that the National creditors are expected to readily agree to take any proportion of their claims that may bo offered in the shape of actual pay. And now what istheupshotof the matter? Itis justthis: That we have tocopsider the legal tend- ers of the Government, until some provision is made for their redemption, just as much of a swindle a8 any other form of irvedeemable pa- per whatever. That we have to dismiss the idea of the sanctity and value of the Govern- ment legal tendernote. That we have got to hold it to be, in the hands of inflationists, nothing but an instrument of rolbery. We have to rectify the popular sentiment. We have to do- nounce the idea of paying debts in irredoem- able promises to pay, as a fraud, and the law which permits it as a fraudulent lgw. If we wish to avoid the propositions of swindlers and the evils of swindling, we have to go back to first principles and define what swindling is. And we must see, and rccoguizv,uu'd euforce the doctrine everywhere and in all its universal ap- plications, that an unfulfilled promise is abase- ness, and that where it is deliberately and in- tentionally broken it is a fraud. We have no other solid ground on which to meet the inflationists, They flaunt a green- back, and declare it to be a good and Lonest insteument of traffic, and a representative of real value, good cuoush t9 pay individuy rarUTvEAyT VY RAASIVEII NS dobts, good enough to pay the National debt. This false and mischiovous idea has had cre- dence lonz enough. It is high time it was branded as it deserves. High time the senti- ment was repudiated, and the Government réquired to recall its issues and fulfill its too long dcferred promises to pay. The «wild-cat” Philistines are taking advantage of a praiseworily and patriotic defermination, drawn {orth by the exigencies of the war, that the eredit of the Government should be main- taincd at all hazards ; of a sentiment which as- sumed a vice to be a virtue, and declared that the promise to pay a dollar was the dollar itself. The doctrine bridged a gulf. But we are safely over that gulf and on solid ground. Being through the war, we lay aside the stratagems of war, and betake ourselves to truthful state- mepts and bgnest courses; and we do not intend that the inflationist “bummers” of the erowd shall insist upon applying their rules and prac- tices of war to the state of peace which has followed. Weo are far enough along in this financial business to be able to tell the truth about it, and jto insist on adherence to sound maxims; and we do not propose to give any quarter to the fraudulent ideas, bowever bot- tomed, that lead to the financial ruin and dis- grace with which the inflationists are already boldly threatening us. CONNECTICUT. If there be any who still believe that onr politics revelve in a mill-lorse round of move- ment without direct progress, we will thank Lim to study thoughtfully the platforms of the vival parties in Connecticut as settled by their state Conventions of 1866 and 1867 respectively. The Demoeratic party, when first putting the Hon. James E. English in nomination for Governor last year, “ Resoleed, By the Democracy of Connes distinguished e cirair, by his e Union upon like posit feut, that the Presidential tion of the tatesman sistance stoual majorit k to destroy the Constitution o fathers b jevous amendments, has deserved 1 of his ¢ conrageons erance in o the name of Andrew John- 1l of renown, and second to none of the men who have illustrated the annals of the on first putting Gen. Jo- nomination for that same The Republics seplr R, Hawle , more timidly inviolabil Sla r ity of the Nati v 4 stent of appropriate lnws to secure to every class of eitizens the full enjoyment of the rights and iminunities seeured to them by ‘the Conetitution of the United Stales.” L4 —After a most spirited can was chosen by 341 majori 87,417 votes: Hawley, 45,974 ; English, thers, 10, We believe this the largest vote ever polled in the State. A year having rival parties again hold large § nyventions, and pre- sent the same eandidates vespectively for Gov- emor. But this year the Republicans have more boldly and frank]y A1, That the result of the election Autumin affor of of the devotion of t can people 1o the fundnmental prineiples of i lish au Gen. Hawley a that w 1 anspicl jeut, in this re | her loyal sister | 1818 of fiuman govers th @ repre: wenil i xpre: throngh the the 1ndividn alionld ot e by disdingtion | . While the Democrats, though reénforced by two converts from our side (the warenominated | Licutenant and Secrctary of State) vaguely have ot the daya of o absolutely ) Aisfeanchisiy wse facts bear thelr own comment. Last year, the Democrats pressed the issne of | Manhoed Sntfr and the Republicans fraid of it; this year, the Re- | publicans proclaim and the Democ iznore it. They tacitly but unmistakably give it up. Victorics are scldom won by armies in full t over the hosts cagerly pursuing them. were evidently et —The Democrats have nominated for State Offices and Congress half a dozen of the wealthiest men in the State, Mr. English is very rich; Gen, Hawley is a young man of | very limited pecuniory native of North Carolina—an Abolitionist from his boy- hood, who volunteered for the late War at the ountset and came out at its el a Brigadier- neral. Mr. Euglish is widely knowneand per- sonally popular, but his record is defective, The World has twice asserted that we b commended Mr. E. as a “War Democrat.” Nof s0. He voted in Congress for the Con- stitutional Amendment abolishing and forever prohibiting throughout our ecountry; and for t we did and do commend Lim. But we recognize as & War Democrat no man who supported Thomas II. Seymour for Gov- ernor in April, 1863, and who opposed through- out “An act enrolling and calling out the Na- “tional forces,” but for which, in our judgment, the Rebels must Lave triwmphed. Votes against that act were votes to perpetuate the slave- holding despotism then enthroned at Richmond. Those who gave them have no It to be esteemed War Democrats, unless as upholders of the War waged by Democratic Rebels against the Federal Union. We rejoice to see Comnecticut so thoroughly stivied up. Her voters are pretty evenly divided in politics, though i* may seem otherwise when the Democrats are just recling under such a blow as was given them by electrie tidings of the flight of the Rebel power from Richmond. As The World forcibly said, they could not with reason be expeeted to poll their vote on such a day, and they did not. They have sinee had time to recover from that palsying announce- went, and will vote their full strength on the 1st of April. And they will need it all, and more. e menns—a We print in another part of the paper a com- munication from Mr. Peter Cooper on the Atlantic Cables. He states one fact we ave glad to learn, namely, that the cables are not doing one-twentieth part of what they are capable. Now, if Mr. Cooper would take ofl nineteen parts out of twepty of existing prices, or half this, e would kill several birds with one stone, to say nothing of killing all rival Atlantie cabl In the first place, he would fill up his line with business to the full extent of their eapa- city, and, by 8o doing, make more money than they are making now, which Mr, Cooper does not deny is a very fat sum, even if no dividends Lave yet reached his pocket. Another thing he would do would be to render the cables a ggreat boon to the world at tho sawe time they were a great profit to their proprietors. Yet another thing ho would oifoct, wewld ke to povulaizo bis Une aud MANUIL U, 10U¢ everybody connected ) it, to such an extent that nobody could be got to patronize any but Peter Cooper cables. Let him try the experi- ment and see if we ave not true prophets. But at present prices, or half of present prices, the temptation is to have more cables, We wonder that the significant fact stated by Mr. Cooper— that the cables are now working only 5 per cent of their capacity—has not before admon- ished their proprietors of their great mistake in fixing exorbitant rated, and induced them to decide upon such a substantial reduction of price as to make the lines of veal service to the business and social intercomrse of the whole woyld, But in offering these views we still hold to the doctrine that, in the event of war between the United States and England, the latter Poswer would instantly whistle down the wind all ideas of neutrality in respect to cables landing on British territory, and would seize them for her exclusive nse and benefit. We regard this as a most important consideration, and one which ought not to be overlooked whenever the ques- tion of more Atlantie telegraphs is raised. m——p— IRAUDU. T PREFERENCES. The Bankrupt law, as finally passed and now in force, contains one Important provizion which will prevent the continuance of what has been a very common but a véry unjustifiable prac- tice among merchants—namely, of lending money which is secured from future assign- ment under the guise of preferred claims, It has been a very frequent fr: on Tor A, being in financial ditficulty, and having doubt of his ability to emry his debts, to borrow money on security of B, under a bargain that, in caso an assignment becomes necessary, the claim shall be previously secured against loss. Such a bargain is a fraud upon the rest of A's creditors in ¢ failure, inasmuch as it de- frauds them of the benefit of so much of his as- sets as are required to pay B's claim, notwithstanding the faet that the money lent by B has been a part of A's stock in trade as much as the flonr for which he is in- debted to €, or the real estate which he pur- chased of D. This unjust preference is pro- hibited by the new law. Section 28 provides for the preference, 1st, of the costs and ex- penses of the proceedings in bankruptey ; 24, of debts or taxes due (he United States; 3d, of debts and taxes due the State, and 4th, of wages, not exceeding #50, due any employé for labor performed during the six months pre- ceding the beginning of proceedings in bank- rupte Seetion 20 endaets that, if the bankrupt “las given any fraudulent preferences con- “trary to the provisions of this act, or made ¢ frandulent payment, gift, trapsfer, con- “yeyanee, or assiznmeat, of any pmt of his “DIODEYLY o - viv. e OF AR as, in com- “templation of becoming bankrupt, made any “pledge, payment, tran conveyan or “assignment . . . . for the purpose of “prefeming any ereditor or person having any “claim against him . . . . or for the “puipose of preventing the property from “coming into (he hands of his assignee, or of “Neing distributed under this act in satistaction “of his debts,” then no discharge shall be zranted to the bankrupt. Section 33 further provides that, ¥ any person becoming insolvent, or con- | templating within four months previous to such hankruptey, cause to be attached or seenred any portion of his prop- erty to a preferemce to any person having im against him, such attachment shall be wmd the property may be recovered by gnee for the benefit of the creditors | in neral. It is still further enacted that : “If any. person, being insolvent, or in contem- “plation of insolvency or bankruptey, within six months before the filing of the petition “hy or agains him, makes any payment, sale, ienment, transfer, conveyanee or other dis- “position of any part of his property to any “person who then has reasonable cause to be- | “lieve him to be insolvent, or to be acting in “contemplation of iusolvency, and that such “payment, sale, assignment, transfer or other “eomveyanee is wade with a view to prevent “' his property from soming to his assignee in “hankrnptey, or to prevent the same from be- | “ing distributed under this act, or to defeat “he ohject of, or in any way impair, hinder, | “impede or delay the operation and effect of, | “or to evade any of the provisions of this act, “the salmy gument, transfer or conveyanee “whall be void, and thie assignee may reeover “the’property or the value thercof as the as- “gots of the bankrupt. And if such sale, as- imfnent, transfer or conveyance, is not made the gaual and ordinary course of business [ th «rlb(ul’, the lence of fraud.” becoming so, shall, ae voil the The bill cont ng these fic provisions is now a v, and no such erved elaims can henceforth be allowed. The pr f the practice heretofore ders it especially important that all busin men should have a fair understanding of the express prohibitions we have herein noted, UNION OF 1HE BRITISH PROVINCES. The union of the Provinces of Upper and Lower Canada, New-Brunswick, and Nova Sco- tia, 5o long agituted, and recently reported to be so far accomplished as to bave bad a bill for that purpose passed through the House of Lords, does not, nevertheless, scem to wear a promising appearance. The reasons for the measure do not appear strong enongh to over- come the objections found in the reluctance of the several members to establish this union. Nova Seotia is nnderstood to be entirely op- posed {» the artangement. New-Brunswick once thtew a very large majority against it, and is uuderstood to be ready to do it again, if an opportunity should ever be offered to her people to express themselves upon the proposition, divested of all collateral issucs, And mnow, it seems, Upper Canada is much, if not altogether, dissatisfied at the terms on which the measure is to be perfected. The consent of Lower Canada, which, being Freneh, is mostly an inert mass, had to Le originally procured by concessions which were at the time satisfactory. But, with the other three provinces entering the new Confedera- tion iu & dissatistied frame of mind, its pros- peets of harmony or of longevity would not seem to be favorable, even if the event could be accomplished. But it appears to us there is a great preliminary obstacle to be removed be- fore the British Government will seviously undertake to consummate . the proposed union. We cannot beliove it is goiug to com- mit the folly of establishing a Confederation without submitting the measure to a popular vote in each of the provinees. To do so will be to depart from the principle of responsiblé government, and popular rule, which has so0 long been established in the British Colonies. Aund, should the Government bo guilty of this inconsistency, it may turn out that it will set elements in motion fatal to the objects it has in view. If a majority of each of the lower provinees are really against the measure, Great Britain at once inaugnrates a difficulty in provinces now quito contented and harmonious. Will tho Govgynment do it? Qu will ghe sub- v wt shall be prima facie | vote in all the proyinees ? This is not a duestion of temporary con-. cern, Their ultimate destination it is nob dif- fienlt to foretell, But very mueh depends ay to the period of its fulfillment, on the stats policy of Great DBritain herself. It is very questionable whether, in aiming to strengthen the colonial position of these provinees, she may ot sow the sceds of secession and revo- lution among them, by pursuing a cherished ohject at the expense of vital principles. THE DECADENCE OF TURKEY. The Turkish Government is making the ut- most efforts to congeal from the gaze of the world the steadily advancing dissolution of its dominions. Telegraph and mnewspapers are bribed to announce fictitious sigus of progress, and to deny the most omirous indications of decline. Thus we are informed by the latest Constantinople papers, which write in the in- terest of the Sultan, that the insurrection in Crete is entirely over, and that nothing re- mains for Mustapha Pacha but to ¢xteypinate a few hrigands who continue to defy the au- thority of the Sultan: But othgr accounts, which possess a mitel batté claim to be- liet, state that theso brigands—whiclis oniy another name for the defenders of the national independence—have not only recontly gained several important advantages over the Turks, but that they, were, at the beginning of Feh- rnary, in actual possession of the larger por- tion of the island. The departure of Garibaldi and his sons for Crete indicates that the cause of Cretan independence has not yet been aban- doned, and it greatly adds to the dangerous po- sition of the Turkish Government. Garibaldi could be conquered by the Government of Italy, which was snpported by the large ma- jority of the Parliantent and the people; but the collapse of the Bourbon rule “in Naples otight to remind the Turks that the very name of Garibaldi constitutes a most formidable danger to governments which are weak in themselves and hated by their subjects. The i lity of the Tarks to display any re- able force for the defense of the integrity of Emwpire has, of late, become 80 conspicrons that even France, the only Power whieh openly encouraged the Turks in their war against Crete, gives up the task as hopeless. The “rench Yellow Book, just published, expresses ret that the Sublime Porte did not follow reg the counsels of France and promptly send a commissioner to Crete to settle the difficulties which existed. It then admits that “ the popula- ion, over excited, demands now incorporation “ with Greece, instead of the reforms which it “at first demanded,” and that “the extension “of the insurrection produced agitation in “the Hellenic provinces of Turkey.” In con- clusion, it significantly says: “In presence of “the commotion which has been created in the “ Fast, and the sympathics which have-been “awakened in all Europe, will the combina- “{ions which were at first decmed sufficient “be found to be so still? The Ottoman “Government should form po fallacious illu- w Tt must realize the seriousness of the “exigting state of things, and must_not hesitate “before such sacrifices as may preserve it “ from the periodical return of similar erises.” Among the sacrifices which France has coun- seled the Twkish Government to make, are the appointment of a Chyistian Hospodar®of Crete, who is to be as independent as the Princes of Roumania and Servia, and the with- drawal of the Turkish troops from the five fortresses held by them in Servia. The latter demand has alveady been eomplied with—a most important concession, for it deprives the Turkish Government of its greatest stronghold in the northern part of its European domin- jans. The former concession Turkey would likewise make without hesitation, it it wonld satisfy the Cretans. But the Cretans insist on independence; and the support of their demand by the Emperor of Russia indicatea that Turkey cre long will have to make this saerifice as well as its recent concessions to Roumania and Servia. The embarrassments o_! the Turkish CGovernment will be largely in- creased by the recent attitude of the Vieeroy of Egypt, who likewiso aims at complete inde- pendence. Egypt has more th onee gaved Purkey from ruin, and it is diffienlt to con- ceive how Turkey would be able to undertake a war against her. Against these national tendencics the proposed Representative Assembly will not be of any avail. Meetings of this kind may have a great mission to perform in countries where dismembered parts of a great nationality are anxious te ba rennited and consolidated. They always prove without effeet when antagonistie nationalitiea with contlicting terests strive to dissolye rather than to consolidate the oxganic unity of the Ewpire. The Turkish Government, we therefore suppose, will derive no advantage from its Parliament, which, on tha contrary, may greatly add to the serious complications already existin ——— . sions, The Norfolk Magistrates, arvested for vio- lating the Civil Rights bill, have been disposed of in an exemplary way by United States Com- missioner Foster. They have been ordered to enter recognizanee in the sum of #5300 each to answer at the United States District Court—the most the Commissioner could do, and, in the circumstances, all that could be desived. CLARK B. COCHRANE. The Hon. Clark B. Cochrane, an ex-member of Congress from the State of New-Yorl, die Lat Albany yes- terday, after being confined to his room uecarly all the thme ainee the last election. Mr. Cochirane was born in New-Boston, Now-Hampshire, May 3, 1815, and graduated at Union College, Schenectady, Now-York. He devoted inmself to the study of law, and at the same timo took an active part in State pohtics, In 184t lie was chosen & memiber of the Assembly, on the Democratie tickot, from the County of Montgomel He was one of the primitiva Baruburnors; supported, — in 1843, Van Bueu and Adams, and in 1854, Vigorously opposed the Knnsas-Nebraska bill. Since that time ho has acted With the Republicaus. 1In 1856 Lo was elected frous Schenectady District to the XXX Vth Cougress as the ndidate of the Republican party, receiving 9,71 votea agalnst 6,123 cast for Rosaiter (Democrat) and 5. cast for Suith (American), Ho scrved on the Committes on Ex- penditures in the War Department. Il was in 1858 ro- XVIth Congress by a majority of 1,361 (he v n‘ng .nm:'mm:yaar‘ s 1“]w(ma ud §o gubgp of the Committee on Priva ,u?uq hu‘.‘m-‘f" filfl:m'}fn a member of Congress haviog expired, Mr. Cochrane made his residence at Albany, where Lie has ever since been o leading member of the Republican party. In 1864 he attended the Baltumoro Convention, and in 1565 he was electod to the Assembly from the :\"hlll{ Cllly District, Last Fall he was a candi- date for tion, but was_defeated by Br. Robertson. Mr. Coclirnne WAS UDIVrsa teemed for his kindneas of heart, sua d genial hia doath s deeply mounrued b 1 friends ') P very large rm":{w personal SOUTH €AROLINA. BY TELEC) M TO THR TRIBUNE. CrancestoN, March 5,—The delegation of New- York fi n arrived here to-day, and were recoived and welcomed at the depot by the Charleston fire- wen, and will have a public reception to-morcow. oo iy MISSOURL THE TRIAL OF JUDGE MOODY. ny ¥ IRAPE TO THE TRISUNE. 81, Lous, March 5.—Tha trial of Judge Moody o the St. Louis Circuit, who was impeachod for ra- fusing to administer the test oath, took place befors the joint session of tho Legislaturoto-day. Lt resulted l in finding the respondent guilly of both chiyraes s swovificatious.