Newspaper of The New York Herald, February 27, 1846, Page 2

Newspaper of The New York Herald dated February 27, 1846 Page 2
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NEW YORK HERALD M?w York, fr'rlday, February '41,1H46. The Weekly Herald. This publication will be ready fur delivery at eight o'clock, tomorrow morning. it will contain, in addition to ail the newg ot the week, a very tina illustration of the wonderful performance ot Sands and his children, at the Park Theatre. . AiTAirs in Mexlro?InoHier Revolution Ip pected. We have received the following letter from an old correspondent residing in Havana?from one who has been generally correct in his infor mation?and upon whose statements we place con siderable confidence. HaVama, Feb 10, 1846 The opinion, in regard to Mexico, of ?ev?ral well in formed individuals here, who have opportunities ot tc esst to h gh authority. is, hat that country beiua ex hausted and prosti ate by an "incurable disease," (inces sant revolutions.) a remedy can be applied only by foreign interference ; that humanity and the uuiversul policy of the world alike demand it; and, moreover, to Srevent undue advantages beirg taken by the I nited tates over their feeble neighbor, we ere deily expect ing a p>imu'icamtrni? in Mexico-nothing less than the promulgation of tbo monaicbical principle ; that ia to sey, a return to tbe political institutions inherent in the Mexican people The ttij gorernmeiil," dwelt upon by Mr. Polk in his message, has neier been practised in Mexico, since her separation ftom tbe Spanish crown It is to be borne in timid that several statements corroborative of the above, have been published, both in this country and in Europe, and that the London Time*, of a recent date, contained an article relative to the restoration ot the monarchical prin ciple of government in Mexico, which was not, pro bably,written without the knowledge of those in au thority, and in high hopes ot the success of the plan. Tins letter, reaching us at this tune, and coming front a reliable source, leads us to believe that ef forts are making to carry the new projti into operation; but whether or not it will meet with success, is yet to be seen. Those who have watched the progress of events connected with Mexico, are probably aware that the utmost secrecy has lately been manitested in all in tercourse with that nation; that "the man with \Jie white hat" is never 6ent any where but for mischief; that an unusually large Spanish fleet has concen trated at Havana and in the Gulf of Mexico; that Eng land ana France were both much chagrined at the loss of Texas; that the former has a mortgage on California; and that Almonte, a promoter of Euro pean interference, is the master spirit of the new government of Mexico. All these movements have their means and will have their end; but what that end is to be, we are yet to learn. We throw out this information for the benefit of whom it may concern. It is, at any rate, connected together by many singular coincidences. Troubles In the Drinorrary-Clly Reform. From nil quarters we bear of the democratic par ty being eplit mid divided into clique*, nnd of fac tions arrayed against each other, in the greatest hostility. It would seem as 1! the principle of ad hesion that has characterised the party lor years, had disappeared, and left it in a state of anar chy and confusion. This is the inevitable fate oi all political parties ta this country, whose leaders may be led astray by spoil?, after they have been in pos session of the power of the government, either State or national, too loDg. The democratic party has possessed the reins of our State go vernment for a series of years, and, with the in terruption of the Seward dynasty, have held power in the State of New York for twenty-five years, to go ne farther back. This long possession of power generated cor ruption; and the course of the party, lor many years : past, has been disgraceful to themselves and to I their constituents. Their sole aim appeared to be who should get the spoils; und in the scramble, I the several leaders of the various cliqutt, each claiming a share of the plunder, fought with an ar- I dor worthy a better cause. Hence we see the nu merous splits now in existence?the old hunkers and young democracy?the Wright and Van Buren men?Sandy Hill philosophers, &.c ?the end of , which is, that the battle raging with them is destin- 1 ed to end like that famous battle in a place called Kilkenny, in Ireland, where a parcel ot cats carried on their warfare to such an extent that the battle > field presented'nothing but a parcel of tails. This will no doubt be the issue, and the next battle be tween the wbtgs and democrats, in lfcflfi, will pro bably give an easy victory to the whigs. What can help this, in the present disorganization of the de moerattc party, uulests the whigs split up, also 1 We do not know, but, taking every thing in con sideration, such a result would be beneficial to the cause of gooJ government. Ol this, however, time will tell. The developments made by the recent ex pos/, by the publication of Mackenzie's brochure^ have struck all the honest men of that party dumb. They were amazed that the men whom they elected so often to power, and on whom they placed the greatest confidence and reliance, could be concern ed in such plotting and counterplotting, to subserve their own ends, without reference to the wishes of their constituents. In Washington, the party is dis jointed?no unanimity?no positive cohesion?each cfiywe having its views to further, and its own can didate for the succession. In this city, their power in municipal affairs is forever gone, unless some fresh and decisive step towards a complete reform be at once taken. The people have had so much bad government, from all political parties, that it is very probable no organized political party will ever be elected again, nnd least of all, the democratic party, when split into fragments. They are deter mined, however, not to die without a kick, and have latterly gone to work, at our suggestion, at the subject of City Kefotm, with a zenl very commen datory, if their object were not understood. Tne people of New York have demanded, for years back, a reform in the city government?a di minution of the heavy taxation, and an accounta bility on the part of public officers. Their demands have hitherto been disregarded; but now, at the eleventh hour, when those in power have but a few more oyster suppers to eat in the tea room, they go to work, and draw up some plans of reform, in order to throw dust in the peoples' eyes. There were two different plans drawn up, the most prominent of which was that known as Alderman Hart's plan. This plan did not meet the views of that portion of the party called the progressive democracy, headed by the old firm of Slamm, Bang Sc Co ,and they called a meeting to denounce it, at Tammany HalJ, on Wednesday last. We sent one of our corpt there, and our piper of yesterday contained a perfect and correct view of the proceed.ngs There was a long list of resolu tions proposed, several speeches made and senti ments delivered, but the meeting ended in smoke. Nothing could be accomplished; for the different cliqut* of the party attacked each other, like their brethren in ths legislature, and not a resolution was naaed. Thus we aee, that even in this city, the spoils di vide the dominant party. The idea of reform com ing from either of the two great political parties? either from the whig or democrat ic?is absu rd; for reform never can be reached until the people take the matter into their own hands and elect a city in form party, who will be composed ol no particular political faction, and who will give the people what they have demanded for yeara past?good govern ment and diminished taxation. Stbajisup Massachusetts.?The arrival of this vessel, so long anxiously looked for, is at last near at hand. She was spoken on Thursday, 19th inst., off the south shoal ot Nantucket, and ought, ere this, to have made her appearance in port. Tns Forkios Mails ?The letter hags of the steamship Cambria, Captain Jcalkins, for Liverpool, will close in thi? city to-morrow afternoon. A Slick or tmk flonffl Bout?Yesterday was the coldest day of the season A'.rkkahle Siuht ?The Bark Fountain, when the mercury is down to zero. Nivrk Btttrr? I lie aiaiguutg in Broadway. | The Convention and tmk License Qcestio*.? We see a great etir made in Borne quartern, about the propriety of having the excise law extended to the city of New York?leaving with the people to decide, by ballot, whether "rum shops'* ahull be licensed or not. The discussion ia carried on with spirit, and a slight tincture of acrimony and alcohol marks the discussions on both sides. Toe evils accruing from druukenness; both to society and individuals, cannot be overrated; but we rather think, if the friends ot the excise law imagine that legislation will remove them, they will find themselves mistaken. A man habitually addicted to drinking to excess, cannot be reformed by legislation. It he is lost to all sense ot ahame, and the fine sensibility ot our nature?deaf to the entreaties ot his lriends?heart-hardened against the searching und atl-ctionato appeals of his wife? regardless of the wants of his liule ones, and spends his money to satisfy the cravings of a depraved ap petite?what in the name of common sense can yon expect legislation to do for such a maul Like all i vices inherent in man's nature, or contracted by ; , habit, drunkenness must be guarded against before it is developed. If this vice be ever banished from society, it will not be by force of legislation?it will be by force of moral principle, inculcated in the ! minds of youih. Many wiseacres seem to imagine that tliey can Hud in legislation a panacea for all the evils that affect mar. in his social and political relations.? They would, accordingly, make seduction a felony, and punishable as such ; and have a law pasted protecting the virtue of American women! Theae philosophers do not see beyond their nosesi when they propose such remedies for vices of this nature. Tney are not aware that the laws and con ventionalities of society are more powerful in their operation, against seducttou and drunkenness, than the laws enacted by State Legislatures. Our people are virtuous naturally, both men and women, and it only wants the principles of morality aud sobriety instilled into ihe youthful mind, aud form a part ol their education, to make them virtuous and temperate when they arrive at maturity. As the twig is bent, the tree's inclined. Aspect of the New Ward ?The Eighteenth ward, which has lately been created by dividing the Sixteenth, will be a real gem of a ward, and would form quite a little government of itself. It will have a far greater allowance of public ornamented grounds than any other ward in the city. Union, Madison and Stuyvesant Squares and Gramercy Park, are all within its boundaries, while the dis tributing reservoir stands on its northern boundary, 40th street. The Eighteenth can also boast its public edifices. 1 All Bellevue, and the House of Reluge to boot, are situated about midway between its upper and lower extremities; and us to business, that which is trans- I acted at the Bull's Head, where the heaviest trans- i actions in the beef and mutton line are carried on, is by no means contemptible, and the Third avenue in its whole extent, is growing in importune e, and f will soon be a bustling, busy thoroughiare. As to the distinctions of society, the new ward has the line already admirably drawn. She has her j ton, and her unwashed million, ready furnished. ! There are the palaces of the Filth avenue and Union place, and there are the hovels oi the squatters on the "meadows," where pigs, chickens and children, grow in dirty and common profusion; and in the re spectable middle position may be named the com iortable and really handsome residences on the Second and Lexington avenuea and Irving place. As to the distinguishing traits of character of the beaux of the Eighteenth ward, they will divide in about equal proportions, those of the Broadway blades and Bowery boys, the former being pro duced in the vicinity of the Fourth and Fifth aven ues, and the latter vegetating luxuriantly in and about the Third and Sixth avenues. Taken all in all, there is every probability that the Eighteenth will be? tine nourishing ward; and considering that it will, under the new charter, give several handsome salaried offices to some of the patriotic politicians of the day, its creation is to be greatly rejoiced at. Law Courts.?Any person who is in the hibit ol ( visiting the City Hall, cannot but be amazed at the immense amount of law business that iB carried on in this city. In the Court of Commfen Pleas alone, with almost uninterrupted session, from January to December, the number of causes on the calendar varies from one hundred and fifty to four hundred, and with the business at Chambers, keep three , judges constantly and laboriously employed. There i are besides the Court of Common Pleas, the Supe rior Court, the Circuit Court, and two Courts of Chancery, giving employment to six or eight Judges more, all of whom ure constantly engaged in the trial of disputes between litigants. The Marine Court, with jurisdiction to civil esses involving j sums not exceeding oae hundred dollars, transacts a great share ol business, and is resorted to by ma ny litigants, who wish to avoid the tedious process of carrying a suit through the Court of Common Fleaa. This court has jurisdiction over maratime cases; and many suits of assault and battery, oc curring at sea, between captains ol ships and sea men, are tried in this court. This court takes the place of the old Mayor's Court, and employs three Judges, who receive their appointment from the Common Council. Young lawyers generally selec this court in w hich to mane their debut; and many of our beat city lawyers, those who commenced their profession penniless, have dated their rise from the display tney made of their acquirements in this court. The Assistant Justice, or Ward Courts, with jurisdiction to the amount ol $50, dispose of a good deal of luw business, and are resorted to for the trial of disputes between landlords and tenants. Although there would appear to be courts enough, still a case commenced in any of the Superior Courts cannot be finished before three months, at the shortest lime. There is room for the Conven tion to mike some imponant reforms in this matter. Infidelity in BosroN.?The Rev. Theodore Par ker, lormerly a Unitarian clergyman, of Koxbury, Mass., but who became somewhat notorious by preaching an ordination sermon, in which every doctrine of the Christian faith was denied, has late ly accepted the call of a new Church, in Boston, whuh has been formed especially lor the purpose ol hearing him. Mr. Parker has been disowned by the Unitarians, and now stands upon his own hook. His church consists of quite a large numDer of transcendental old end young men and women, who drink in weekly the Gerruau metaphysical philosophy with which Mr. Parker is deeply imbued, and which passes current with them for Christianity, although the inspiration of the Scriptures, the miracles of Christ, are denied, and the Saviour is spoken of by Mr. Parker, as "a son of God, like ourselves?a son of man as we are." We think it a little strange that, in the puritan city of Boston, there Germanisms should find so many patrons. Woks for the Firemen ? Our strests,especiaUy >r our the nariow ones, are id a dreadful condition lorTTur firemen. It is certainly to be hoped that no fires will break out. It is the imperative duty of the au thorities to have the snow levelled, in order to be prepared for any emergency. Tiie An.antic Shakers?Two steamers, and perchance three a month, will le&Te England and America, for the ensuing season. Wall Street ?This famous street has been re markably quiet for the last few days. What is the matter! Can't the brokers gdvamr.c some old stock! The Fashionable Reason ? Bulla and parlies are now at their height in this city Theatricals ?These are now slightly affected by the good sleighing, and halls and parties. Increasing.?Club houses, on the English plan, in New York. Coining Mower.?All stable keepers, who own good horses and sieighs What abk the Pkostects 1?'The friend* of a new oity government will shortly oommence the campaign, and when once commenced, we know it will be conducted in such a way, and by such men, as will lead to success. How refreshing it is to the patient and long-suffering tax-payers of the city, to ieel, even in anticipation, that their misery will soon be ended ! If any thing is calculated to show the utter inefficiency of the oyster supper party, who at present hold the reins of city government, it is their waste of the public moneys in shaving con tracts, which they give to their friends, and the la mentable condition of the public streets, since their accession to power. Alderman Charlick! can't you open another budget, like the Aims House contracts, and lift the veil which covers the other affairs of the Common Council 1 Co ahead, Alderman, and let the tax-paying people know where all the money has gone to. There are many other contracts that, no doubt, smell like political corruption. Street lilshUngt Mr. Edito* In a late number of your valuable paper, war an article, headed " Light! light!" wherein some tacts, in relation to the manner of lighting the street lamps, are set forth. I am rejoiced to perceive that you have taken the subject in hand, and hope you will follow it up, until a remedy is applied. The ar ticle referred to B?ys??" The people never expect to gel light sufficient to penetrate the dark recesses of political caucusing; that they merely desire to have enough to see their wav through the dirty public streets," without attempting to penetrate the filthy byways ot political intrigue and management. Now, Mr. Editor, herein consists all the difficulty. It the people would only procures light ot sum cient intensity to penetrate the dark recesses of political caucusing," they would then be enabled to discover what was wanting to reform the munici pal machinery They would then perceive that it was no: so much in defective charters, laws and ordinances, as in the men selected to execute and administer them. If ttie law of the legislature, establishing our present police, and which, at the same time, abolished the office of lamp lighters (which formerly cost 810,000 per annum), requir ing that duty to be pertoriued by the policemen, was ; carried into effect by those whose duty it it is, there 1 would be no cause of complaint in that department. But it was considered by gentlemen who were am bitious ot serving as policemen, that to require them to perform the duty ot cleaning, trimming, and lighting the lamps (as the law required), woffld not only be laborious, but rather degrading. An effort was, therefore, made to evade the law. Political managers set themselves to work, and the result was a new office, called " wickers and trimmers," that the law gave no authority for, by which means some eighty or ninety hungry expectants could be provided tor, and the city treasury saddled with an additional burthen of $10,000, as these wickers and trimmers receive the same nay that the lamplighters did, under the old law. This is a fact that the members of the Common Council will not deny, and should crimson their cheeks with the blush of shame, unless rendered callous by the frequent par ticipation in equally flagrant evasions ot law, for party purposes. A Ray of Ltanr from Caucus. Theatricals. Fair THtATse.?The admirable comedy of " Much Ado About Nothing" ?n performed lait night at the Park. In apite of twelve dagree* below tero, tho house was respectably filled?for, intense at the cold wat out of doors, the interior wat ai warm and comfortable as a Russian palace. What wit, what elagance, what inimi table baauty in this comedy! What a genius was Shakspeare ! How aurpriaiog that a man who lived eo many hundred year* ago should yet command snch deep attention, and etill (hake with merry laughter the tides of thousands who hare started so long since into exist enee, in a world then unknown ! Miss Barnes played Beatrice delightfully. She improves much on acquain tance. It is said she is an almost perfect resemblance of Queen Victoria, by those who have seen the latter in hercoronation robes in the House o( Lords. If so, Victoiia if a very handsome woman. Miss Barnes was well accom panied by Mr. Vandenhoff, who, ai Benedick, displayed ealoniihing talent. The two together were the lite and charm of the piece, and at evaty passage were greeted, as tiey deserved, with admiring plaudits. la truth, the comedy was a rich, beautiful, and classical treat. There can be no taste in New York, no literary judgment, no classical feeling, no admiration for the coaste and beautiful, if such sterling pieces, so well done through out, are not well and fashionably supported. After the com.edy came Mr. Sands, with bis two wonderful little children. We hope the public will all hear in mind that on Saturday these charming little creatures take their henefit?we hope it will be a dumper This evening Home's tragedy of " Douglas " will be per formed. As this play is written by a clergyman, and wat witnessed by the clergy of Edinburgh, perhaps our clergy will condescend for once to enter the >ortal? of good taste aud elegance, ana learn to smile and be kind bear>ed for once, with and towards their fellow crea tures. After "Douglas" comes the "Belle's Stratutgcm" of Faiquhar?Mies Barnes as Letitia Hardy. What a treat 1 We prognosticate great success for her in this part She will make a good romp, we believe, for there is something so naive, eo open, so honest and blunt about bar. Bowkrt Thcrtrc.?Tb? new drama of " Aresapbo,* was again performed last evening, and parted off with eclat It it certainly one of the most effective and splen did composition* which baa lately been produced on the stage. The management of the Bowery deterve great praise for their liberality and enterprise, in thus catering for the public taste. Novelty alter novelty has been brought out without regard to expense, and a golden har vest must be their reward. The admirable acting ol Mr. Scott and Mrs Q Jones in the drama of " Araaapha," nightly calls forth the loud and enthusiastic applause of a crowded house, and we oan assure all who have not yet witnessed the perfoimance, that a rare treat is in store for them. 1 Arasaphe," and the drama of "The Orange Oirl of Venice " will be performed this evening, and we doubt not a crowded and animated audience will he in attendance. Howr.s'Cincut, at Pslmo's.?The extraordinary gym nastic feats performed in this circua, together with the splendid lioisemansbip by Messrs. Turuar and othais, and Madame Macarte, make this place of amuse < ent one of the most attractive in tbu city. Tnit evening, the celebrated Madam# Macaite take* a benefit, and we have no doubt the admire-1 of her splendid equestrian powers will rally on the occasion, to give her a substan ! tial token of the admiration in which thev hold her. Mr. Giicrt's Concaar.?Wa wish our readers to bear : in mind that the concert of Mr. Louis Gihert will cer tainly take place at Niblo's Saloon next Tuesday eve ning Wa have seen the bill of fare for the occasion, and have no debt tnat it will draw a large number of the admirers cf good music. IIsaMoroove.?These delightful vocalists give their , last concert this evening, at the Musical Fund Hall, in Philadelphia, where they have been drawing crowded 1 andienres for soversl weeks past. The h'eans have cloted their engagement in Charles ton, 8. C., where ihey have been vary successful. They < are now en rout* for Now Orlaaoa, and may be expect i ad in thi* city in May next. Winrhell is giving entertainments on Long Island to I crowded houses. This gentleman stands unrivalled in . hi* profession, as regards versatility of talent and infinl | ty of humor. Slovemeits of Travel I era. The following forms the principal portion of yester day's arrivals, at the undermentioned hotels at the Amrhicav.?M Falbemus, New Jnrsey ; D Buck, HarHord ; l.ieut Camp. U. 9 N ; Mr lUrrii, Tennessa ; I.. Willwoith, Newport, N. H ; Thos. Threats, F. D. Hudson. Georgia; L. Watson, Charleston ; XV 11. Dray ton. Philadelphia. Astor.- D Mai Me, Buffalo ; I.Tracy, J. Clapp, Ox ford ; P. Meriiold, Worcester ; P Fay, Tonnetsee ; M. Fairbanks, Boston ; V Browner, Halem ; Cape Kilham, 8. Rhodes, B. ?ton ; Messrs Newton, Huston, Emerson, do ; W. Ay ling, do ; Francis B Rives, Virginia: Cha's Owinne, L. Lsugston, do. : J Julves, Baltimore ; J Muu roe, N. O ; II E Kolh. Liverpool ; J. Wright, Rib da Janeiro; Bender and Deane, Philadelphia; Thos. Hay den, Kentucky ; Geo. Cbapin, Providence ; A. Mams, London ; Mr. Morris, Montreal; Capt. Haggersoc, do. ; D Delesau, Troy. Citt ?Lt E C. Flaming, U S N ; W. F. Trowbrooke, Philadelphia ; C. Carter, Mississippi; B. C. & C. W. Duck. Baltimore . Asa L. Howard, Vnginia ; P. O. Whit tell, New York; W. 8. Sell of re, Galena: M. Clarke, Florida ; Major Clarke, U. 8. Aimy; W. Watts. Rich mond ; M. Maiks, Syracuse ; Thos. Browne, George town :Jackson and Karnes, Philadelphia ; J. Ridgeway, do. ; 8. Amaa, Providence ; Jno. C. Farr, Philadelphia. Faanxi.lT ? M. C. Janninga, Cincinnati; R. Collins, Kentucky; F. Townsend, New Hampshire ; Capt Day, Norwich; A. Wolfe, Mobile; II. Blight, Northampton, Mast ; J. Ganber, Pennsylvania. Robt. King, Pennsylva nia; G. bnowe, Thomaston E Wil?ou, Mo.; J. Mitchell, Newburgb; R Squires New York. Gloss..? A 8. Palmer, Loudon ; Do Amit, Belgium ; Mr Kiah, Salisbury, conn ; Mo>.a Tony, Germany. Howard.?H n. O Kennedy, Mirriatown ; J Burt, Btugartiaa; J Stocoard, Mix.; 8 Miles, Ala ; 11 Ituss, New York ; C. Worth, Boston : R. Vamp. do. : J. Flu mats, Pittsburgh , H Turner, Nortolk ; Thos Walker, St. Louie ; J B.'ow, Boston ; J. S evens, Ciooinuati, P. Hopkins. Philadelphia : J J. Allan, Lexington , W. Payne, Kv. ; H. Bail, Loxinrtnn, Ky. ; W. Houston, Maine, Ala ; Geo. Whilett, Mississippi ; J. Oilmore, - - " ; E 8. W " Baltimore : A Robins. Granby : E 9. Wadawortb, Chi cago ; R. J. Holmes, Nashville, Tenn Court CsUendnr?This Day. Commov Plras.? 3d, 49, 369, 207, 64, fro, Vt, ,17, 60, 01, 260, JO, 44, 47, 63 Biraaioa Cocar.?Noa. 131, 1-19, 80. 3, 140, 147, 117, 118, 16, 166. 181, 18J. 183, 184, 186, 186, In?, 188, 189, 190. 191, 193, 193, 194, 196, 197, 198, 109, 200, 301, 340. ? Two Courts. It is generally understood here that some difficul ty existing between John Swan, F.?q , a delegate from Allegany. Hint Thomsa McKaig, Esq , ol the same coun ty ,tb?y pioceededto the neutral groiiad,at Bladensburg, on Vionuay morning last, where the matter wa* amica bly and honorably settled by the mutual inteiferencc of friends. Mr. Swan and his friend*, Thomas F Bowie, Esq and Dr. coomba, returned to thi* city in the car* on Tuesday evening.?Belt, .imerieiue. I City Intelligence. Me. BaowNsoVt Lecti'bk.?The lecture of Mr. 0- A. I Brownson, which wti advertised for last Thursday, but i postponed on account of tho weatber, ?u Riven laat evening, at the i'abernacie. A very large audience waa ? present The lecture wai upon " The Infallibility of the ' Church."?The lecture was advertieed at half-pant 7, we ! believe, that being, at all eventa, the iiaual hour for auch meeting! ; hut, altuougli the home waa crammed full, they were kept for more than half an hour bevond that ! time, in waning. At about 6 o'clock, Mr Brownaon ; commenced, by aaying :-l confeaa that it ia with eome reluctance that I preaent myaali belorn ao large an audi : ence, for 1 fear I ahall not be ablu at all to meet your ax ! pectatione. I feel that religious discussion belonga to others, whose office flta them betterfor it. Iter oerly aup 1 poaed that the Church waa the mere expooeut of the reli gioua piinciple of man. and not that it waa divinely ap ' pointed for man. This i auppeaed of the Catnoiic Church I ?that for 1000 years it had answered the waute of the , world, but that it bad outgrown it, and like nursery , clothes, should be cast oil'. But in studying the past, and looking below the surface, I found some donate to tho facts oi man's progress, and that even ackoowl ould create n edging this, man could create no more than man. The | new cnurch that I hoped to see, could be no higher than ! man. 1 was forced to the conclusion that religion only oould effect good in man orsociety?no mere doctrine or speculative truth, disconnected from a church, ever gave men power to do good to tbemselves or others.? .Many of the Christian doctrines had been taught before, but tbey bad lalien lifeless upon the world, liut sud denly one came, who embodied these truths, and hied them in an institution, and the whole world changed he fore it I concluded that the doctrine of progress, which 1 had preached so earnestly, waa mere moon-shine. It asserted that the imperfect had the power to perfect itself. A most absurd proposition. The principle of mechanics tells us, that in order to raise a body, we must have a lever placed on some body separate from the first. Toe piiuciple of progress asserts that man can raise bimieif, ea it were, by bis waistbands. I was forc ed to conclude that there waa a divinely instituted church, which should elevate man to his proper stand ard I at last found myself in the church, and there I also found ell 1 wi?hed. The question in regaid to the infallibility of the church, is: Has our Savior instituted a church, with ruthority to teach 7 ? If this were admitted, there would be but little difficulty in deciding *hlch this church wot Every body would acknowledge it to be the Roman Catholic church. It ia lair to pres .me that if the Saviour founded a church, he would loiinditio his own time, and it would be a fact easily traceable in history. But there is no such church but the Roman Catholic The oldest of the Protestant cburqbes is. t least fifteen hundred years too young to bo the Church of Christ. Beside, none of the Protestant churehea are teachers?pone of them believe alike. Tnere is no one of them which can aay what ia God's revelation, and what is not. Again?It cannot be any of the Protestant sects, because none oi them claim " Infal libility." They miy be wrong, and if so, they cannot have been commissioned by Christ to teach. The Pro testants all oppose the Catholic Church on the ground of no-cburchism?that ia, that Christ never established a church with authority to teach But the Catholic Church olaims to be such a church, and presents itself a great historical fact, which for eighteen centuries has been considered as such by the great mass of Ch istiaus. They are not merely to prove that there ia no such church, but that the Catholic Church ia not such a church. Before you can prove that there is no sun in the heavens, you must prove that what has always been considers J a son is not one. It will not do to merely assert it. For the Catholic's assertion to the contrary it quite as good as the Protestant's. Moreover the Protestant Church does not claim infallibility, and may be wrong Waiving then tba claim of infallibility oi the church. we are still on the tame footing?one assertion ia as good __ ... .. ,.o _... . ea the other. II you say tha Bible taya that Christ founded no church, we must even deny that authority, for although we consider the Bible as authority, whan interpreted by iallibie men it is no higher authority than the interpreter. There are only two modes of proving the Catholic church not to be the one establish- ! ed by Christ. That is, that she has taught opposing doc- ' trines at different times, and secondly, that she teaches doctrines in which she contradicts herself. Neither of these have ever been proved. Then if it is not possible i

to convict the Catholic Chuich of usurpation, you must j receive her. 8o, if this age would successfully oppose 1 the church, it must oppose it, not on the mere ground of ; no-churcbism, but upon the principles of no religion?of j infidelity. And this is what tha aga is approaching to. I But we are led to hope that a new era will spring up, in j which the church will ba received, as aha really is, tha ! Church of Christ. ( The Bohemia* Girl ?It seems that, from tha {clef 1 with which Bslfe'a opera ot tho "Bohemian Girl" was received, both in this country and in Europe, Mr. Joiaph F. Atwell determined to publish the music here; but, i upon a raview of the whole opera, he judged it neces sary to alter the titles of some of the pieces, and to vary I their general arrangement, so as to meet the taste of the Amorican public, and to insure a more extensive sale. With this view, he arranged the music for publication, Save new titles, and made other alterations and addi- j ons, differing iron the tiile under which tbey were originally represented, to the following pieces : to wit ?the trio entitled " Never let the heart lor sorrow grieve," he arranged as a song or duet; and to the song [ entitled " The Boldier's Life," containing one verse, as published in Europe, he adoed another, which was ex pressly composed in this country for bimsell. He also ' changed the duet entitled " The wound upon thy arm" to a long ; he also made an alteration in the piece enti- I tied " See at your feet a suppliant," and added matter oi bis own. which was not in the original opera, and gave new names,and mile other alterations, in various parts 1 oi it. Mr. At well, in order to secure to himself tho be- : uefit of his labor and expense, caused a printed copy of tho additional matter and new titles to be entered and deposited in the cletk's office of the District Court of , this district, previous to publication. It seems that be I has lately tiled a hill in the United States District Court, : charging Mr. Graham, of Nassau street, publisher, with having pirated his works, and praying the injunction of the conrt to restrain him from selling, or interfering with the same. Mr. Graham filed his answer, denying all the charges in the bill. The answer was excepted to, as short and evasive, and the matter came on yester day morning, before Judge Belts, who will give his de~ cision in a few days. Wo understand there are eleven Other uiii <sm actions growing out of this cause. Cold Wutiih.-Yesterday wu ? cold, raw day. The thermometer at Morrie'i, itooJ at 7 A rf. at 14 de greet, aod at 13 M at 30 degrees, which Hit it 18 de gree* lower then it hat been on the 36tb of February for ? years. Oreatcoati, gloves, and far caps were io requi sition. The cold weather will keep the sit ighing in order for some time. Distinguished VuiToa.?Prince Joseph Napoleon Bonaparte and suite are now in the city. The Prince sails for Europe in the Cambria, with the hope of ob taining permission from the French government to make it tour through France, which he has never yet been al lowed to visit Quack Church.?Several of the morning papers gave circulation to the announcement that Grace Courch was to be conaeorated yesterday. Accordingly, about a hun dred persons were assembled there yesterday morning, at 10 o'clock, and continued coming all dais. We be i^voek iieva the Church is iO be conteciat^ one ^reek from next Saturday. ' Burial or thk Dead?The remains of the Ciptain and Mate of the Swedish bark Lotty, having been reco vered from the wreck, their funeral will taka place this j (Friday) afternoon, at three o'clock, from 140 Grand | eireet. Ship mat era and officers are particularly in vited to attend Veaaelt in port will please wear their ; colors at half mast, from auuriae until sunset. An unknown man wa* found floating in the doek on ' the North River aide, bv a policeman of the Firat ward, and waa taken out and deposited in the dead housa, Fark, ! for recognition Fire.?The alarm of fire yeaterday morning, at four o'clock, waa occaaienad by a ahed taking fire, at No. 163 Stanton street Damage but tr.Utog. Accident.?A caiman slipped ou the ice in Nassau, near Wall street, yesterday, and very severely injured j his head. Conc. ?A well dressed, good looking fellow, was found concealsd under the table In one ot the fash ionable hotels of Broadway, on Wednesday night, pro bably with the intention or stealing. The bar keeper elt'ared him hie choice, either to receive twenty lashes, or go to the station house?he chose the former, but the bar keeper concluding that he would be transcending the law, had him taken to the station bouse, and somanow or other he escaped. Police Intelligence. Fee Qo ?.Irrtit of Pickpocktt, -Caarley Roper and Bill Smith, two notorious " flash"' English "gonnufs," commonly culled pickpockets, dressed to "kill" with Spanish cloaks, were accidentally passing through the Park, la the rear of the City Ilall, when on passing the Chief's office, they were *' spotted" immediately by several of the chiefs aids, who " pounced" on them lino a hungry wolf on a titmouse. Officer Low " pulled" Bill Smith, and Leonard, Charley Hupar, just a. these worthies were snugly seated in a Broadway sleigh, and took them before toe Chief, when Bill Smitn was identifi d by Mr. D.ay. to be the same chap woo robbed Mrs. Stobtuns of her purse, containing $46, whre riding down town in one of the Broadway stages about three month* ago. Mra Stebben* was ua foriun tely unable to identity this scoundrel, and Mr. Day was unwillmg to swear pesitively to the identity; a, alter bi therefore ho was dtschargta, alter being kapt in the Chief's office all day, end ?? spotted" 'by el least 600 po licemen. He is a man about five feet, seven iuchea, ra ther a lat in n, with a round, tat, jolly red lookiDg lace, aud black, short curly hair. Charley Roper la a short, chunky man, with ? red lace, and very pleasant in his manners He hi reef of a Murderer ?An Irishman, called Donald O'Brien, alms Dunlap, waa arrested soma few months since in this city, charged witu the murder of a man by the name of Manuel, in some part of Ireland. He then fled to this country ; but after an examination ha was discharged irom custody. Tho complaint made against hlca was deemed not sufficient to warrant bis deteution. I News ariived in town yesterday, that tho Irish officer,by 1 the name of Fox, who waa sent out in search of this man, had arrested him in Boeton. Since the above was written, we have been informed that tba man arrested, , proved upon examination not te bo tho man charged i with the murder. Bur fiery ?The dwelling house of Mr. Hiram Dixon, In the 4'h avenue, between Slat and SJd streets, wa. bur glariously entered last luaht, anl sundry articles of jewelry stolen ; also, a gold watch ?ud chsln. On the > hack ot the watch was ergravod, " Presented to Bridget . Maria McDonald." Several gold rings, and some silver forks, were slew taken. The thief bed the impudence to ' take the wallet from the pantaloon's pocket, which laid ; by the bed, of Mr. Dixon, whioh contained valuable memorandum papers, end about 630 in money. Petit Lercenitt?George Brown and Thomas McCarty j wera arrested for stealing a satin vest ana a pair of boots, I worth $0, belonging to Too mas B. Wheeler, No. 4 Bow ery. Six pairs of oassimare pants and one overooat wara also recovured, lor which an owner ia wanted. Apply at the polico office,Essex Market.? Ellen Helsey was ar , rested on suspicion of steeliog a cloth cloak, worth about $10. It was round in her possession, when endeavoring I to eell tho ?ame for *1 60. An ownor Is wanted. Locked np by Justice Taylor.?Benjamin Wilson (black) was arrested for stealing two hoise blankets, valued at $13, baloDging to Jam** Devalin, No. 346 3d streat. Looked up by fustice Taylor. Petit larceny.- Elisabeth Riddle aod .Christina Barer, j two Dutch girls, of about fourteen years of sge, were I arrested ye.terday afternoon, by a poLceman oi tba 1st ward, charged with stealing a steal hair pio, in a small green case, Irom a store in William street It appears Itbat these girls ge round to the different stores with a basket to sell apples, and embraoe aa Opportunity to slip thingi lata than and walk off. Locked up bp Justice Drinker. Petit haremty -Richard Daly wil arreted laat night by policeman O'Sullivan.of the First ward, for itealing a fifty-six pound weight?locked up by Juitice Oiborno. Jitlempl ta Pott Spuriout Cain.?AJrich Oldeon una Martin Fussier, wore arroeted laat night by policeman O'Sullivan.of the First ward,charged with attempting to paaa a spurious aovereigu on Conrad Stegman, gocer, corner of Morria and vVeti attests. Committed for exami nation by Juitice Osborne Stealing Claiking ?David Ruggiea waa raught in the r clothing from tue premises No. 1 Nassau act of etealing atreet?locked up. Patit Latcenia?Catharine Burnea waa arretted and locked up for etealing clothing from Jaacea \V> Burke ? Ann Jobnton waa alto arretted for atealing a thawl; committed.?John Brown wat " pc fled" laat night, oaugut in the act of atealicg a pair of coots from Thomas Kerr; locked up. Common Plena. Before Judge Ingraham. Fsa 36.? George J Smith vt "fhe Mayor, Jlldmnen and Commonalty of the City of .Vtw York. ? Thia waa an ac tion of astumpait, brought by the plaintiff, who waa a lamp lighter under the former Common Council, in con sequence of the alleged defectire legial-tion of that body. It appeared that the plaintiff wae employed to light lampt, under an ordinance of the Common Coun cil. regulating bit compenaation at a cent and three quar tert for each night per lamp The Superintendent and Lamp and Gat Committee, inbaequentiy, without any actio'n of the Common Council, beiug had, reduced the compensation of the lamp lighters to a cent and a half, and the action wat for recovery of the difference. Thia the Court charged the jury ihey had no right to do, and that the plaintiii waa entitled to lecover. Verdict for plaintiff, $06 34. There are forty four similar suits, in which the same question arises, and in which no doubt there will be a similar result. For plaintiff, Mr. Carpentier. For defendant, the Cor poration Counsel. Before Judge Daly. Edward IK. Pembtrlon va. KotweU Diekineon and Hen ry IV. Whiting ?Thia wat an action oi replevin, to re cover back a large quantity o goodt, consisting ef fancy buttons, Ac., valueu at about >600 The note of a man named Pearson was given, and the goodt delivered to the defendants. Soon after the delivery, the defendants broke, and closed their store; whereupon the plaint, ff issued a writ of replevin, and took back the goods. The action it now brought to test the rights of the parties. After the examination of one witness, the Court ad journed. McUoun and Clark for plaintiff; Bidwell and Ray mond for defendants. Elliott va. Ha't t Worn ?This cause, which waa com menced yesterday, wat referred?it having been fouud to involve a question of account. Before Judge Ingraham. Jaqute vs. Jontt ?The motion for a non suit, made in this cause on Wednesday, was granted. Before Judge Daly. John Me Cake vs. John B. King ? This was an action to recover damages for an alleged assault and battery. The . defendant live* in Wiliett street, and the plaintiii reiidee j in Sheiiff street, at the corner of an alley. The defend ant occupies the premiaea on the rear or hi* bouse, on | which there is a stable These premise* communicate with the street by an alley, which it common to the par- I ties. On the evening of the llth August last, the de- ' fendant, as usual, put up his cart in the alley, and was j unharnessing his horse, when a dispute arose between himself and the plaintiff, who alleged that King assaulted him, knocked him down, and otherwise ill-used him. h For the defence, it was sought to be shown, that,while I King was unharnessing his horse, McCabe came and moved his cart. Defendant remonstrated with him, and | he thereupon struck the plaintiff the first blow. Verdict ' for defendant. For plaintiff, Mr. Major; for defendant, Mr. Muloch. j Superior Court. Before Judge Oakley. Fee. 36 ?Jokn Ji. Ptartall v*. C L. Ingtrtoll.?This waa an action for slander. The parties are rival boat builders, and it appears that for along course of time, tbsy have been in the habit of publithiug adt ertisements, each boasting his own superior skill, and ridiculing that of his neighbor. The consequence of thia was great irritation and ill fasling between them, a,The specific slanderous declarations on which this action was brought, were made verbally by the defend ant-be having atated to varioua persons at various times, that Peaiaall waa insolvent; that he bed failed, and that he would not a pay a cent of hit debts, fcc. The de'ence was, that Peursall had advertised Ioger soli as a humbug, and that this had provoked defendant to the utterance of the alleged slander. Per Curian ?The delendant cannot legally Justify slander, by averring that he hat been libelled by plain till'. And even to mitigate damages, it ia incumbent on him to prove that he uttered the slander under the ex citement of ebuae from the plaintiii, immediately pre ceding it. After tbe jury had been charged, the court room waa cleared Verdict will be given in to-morrow's Herald. For plaintiff kWhite and Thorn; for delendant, Blunt and LeveridgeJ Before Judge Vandeiuoel. Stephen Smith Y? Ruise'l H. Pott ?Thi? was an ac tion lor malicious prosecution and falae imprisonment. Damages laid at $fi.OOO. The testimony showed that the defendant in this cause was Captain of the ship Elisha Dennison, ou her voyage last summer lrora Mobile to Havre, and the plaintjff a seaman under his command. During that voyage the officers and crew quarreled, and on one occasion some I of the sailors, (Smita, the plain iff, among them,) attempt- j ed to got on the poop deck in violation of ekpress 1 commands. They threatened to kill tho officers, and j Smith brandished a knife, but finally the insubordination : subki led. Capt. Tost demanded ol Smith that he should ask forgiveness, and promise to submit to the tulea of tbe ship Smith replied, " he would do no different from what he had done." Thereupon the defendant had him 1 tied up and flogged until he mode the required promise. From Havre tuo ship sailed to this pott, and here the seamen instituted various suits against the Captain for aaaault and battery, tko. The Captain then, in retalia tion, had four of them arreated on tne charge of mutiny, and imprisoned. Toe grand jury ignored the b.lls against Smith and two of the otheia ; and after lying 85 days in jail, Smith was released. judge VaDderpoel charged the jury that they muat j find not only that the plaintiff had been proaecuted without probable cause, but they must also find that the defendant bad been actuated by malicioua motives, be fore they could render a verdict sustaining this action. ' It had also been wiselv ordained by the law, that malice could not be inferred from a want of probable cause, but must be distinctly proved. Verdict to-morrow. Nash and Manchester lor plain tiff ; F.D. Cutting for defendant. Marine Court. Before Judge Smith. Matthew Boyd vi Juliui Detioir- -This wai an action of assumpsit, q uanfui* meruit, brought by a journeyman cabinetmaker, against bia employer, for certain woik and labor alleged to have been done in making twenty eight rosewood chairs. The plaintiff entered the defen dant's employ August 15th, ISM, and remained with bim until the 15th of January last. Defendant moved lor a nonsuit, on the ground that plaintiff contiacted with the defendant to make chairs altera particular pattern, at $3J]p*r dozen; but after partly making twenty-eight chaira, left defendant's em ploy witoout completing tbera. In reply to this, It was asserted, on the part of tbe plaintiff, that the chairs could not have been finished by bi n, until certala carving waa performed on them. Per curiam. It would eeem proper that the plaintiff should have waited a reasonable time for the carving to be done, and then have returned to the defendant and offered to finish the chain. The par ties then went into the examination of a great many witnesaea, one of whom waa a German, who made such sad woik at speaking English, that he created a great deal of meriiment, and compelled tbe Court to adjourn until this morning at 11 o'clock, for tho want of an in to rpretor. F McCarthy and B. O'Connor, for plaintiff; Gerard, Jr. and Buckley, for defendant Beiore Judge Waterman. ? Thomat White vs. J. Jrrtn.?Action. assumpsit, brought for (100, alleged to bo due tho plaintiff, a journeyman butcher, for work done in the employment oi defendant. Tho defence tot up was, that tho plaintiff bad engaged pile* of to work for defendant two years, at the specific $350, and bad entered on the performance of this con tract on the 35th of March, 1845, but left aboat the let of January last, befoio tbe time agreed lor had expired. It was also proved by defendant, that he had paid plaintiff several sums of money, at various time*, amounting, in toto, to $41. Judgment deferred for a lew deyi. Hud son for plaintiff; Dodge for defendant. Different Version* off tb? asms thing. Hoaxes ri. Day, Irsue joined Februuy it, 1IM. Edmi'to Burst, i om- uf Patents. " The p te it office hat not decided that Chnlet Goodyear was ihr Mv.ntor of the which Bolomou C. Warner ia now claiming a pilaut f r." (Signed) H.H.DAY. Tha following letter from tne Commissioner of ffa'aats will, perhaps,settle toe question : U- I. Fateivt Orvicg,) Washington Ciiy, Keb. 5, I8H ) Kir Yon are heraby informed th ,t in the c .so of inter e renee between vonr cl urns and fh-isa of Solomon C. Warner, noon which a henuog was appointed io lake place on tli-ld Moodiiy in -luimrr, lit. t' e qni-ation of pnonty of inven tion hat been decided iu year favor. koura, respectfully, EDMUND BURKE, Commissioner of Paia>.ts. To Charles Goodtcar. [Something like a d.ciaioa, certainly.} Horace H Day Issae joined ia 15G. Horace H. Day. ) "Ha [Goodyeatj haa got posaeaiion of tha invention of othera, moil sppr prisnd them t ? hit owo nsa. wthout thoir knowledge or consent " ( Big-it d) H H. DaV. Extract from a letter from H. II. Day to Horace Cutler, , ihua working u der M'- Good rear's uiricnon, appiopn*. | ting the " inventions if Go dvesr in his m- " " fwilh to know if you can cut th cad ruhbr which O. IGoudyitr] utetfor lutpendtri ; he tuyt it it Spun. ' idis.rO) H. H DAY. Mr. Cu-ler explai.a who u is that g-ta pisaesaion of tha in yen'ions of oih r?, a id appropriates to hi. own [ Day's] use-" Horace Catler, btmg sworn, ranh aa f llows "Thatui the month of December, 1143, the deponent waa m tha city iT >aw 1 orh, m company with ?!? r.ea H Day, with whom he nnd some dealings in India hnbber ahoea, when said Day made many inquiries of this deponent, as to Chaiias Gi.ody enr ? Cffuin Kl tffitic Inventions, uhi called tHnni, tod particnlarly as to the competition! and manner of heating goodt, end particularly how the mid Goody tor compounded and prepared hit India ttuhbrrfor manufacturingparpotet, and offered I hie deponent Jffty dollart if he would ditclott to Aim o7f he knew on the lu'ject 'J he rnult icat that after tome heiitation, thii deponent, being in great ditlrett for money, agreed to go into laid Dny'i factora at \tw Brunm wick, ana teach him and hit workmen Goodyear t method [ 'Good reti's method' I of compounding India Huiotr, and to thow ih'm the ingredienti and projiortioni, that they might be able to manufacture goodt liht Goodyear't.l inch at he manufactured at SpringJUld, which this deponent did according to his brst knowledge at tha tiling and lor which, and the deponeot's eipenses, taid Day paid An* lislysu dot 'art, but tbir deponent does not know that he then possessed nil said Good ye rr's ku iwlcdite on the above subject, bnt he commanicateil to said Day sud his workman a.I oa knew on the sullied. __ ? . , The i-liowing rx tract of a letter from Horace H. Day, showa who pays to gat "p iisassion of the lavdntioaa ofothers, and appropriates thin to his own uia. , Horace H Day to HoraeeCuthr. "I paid yoa, not., *8. to * <6?RAC F. ? DsY, " ham l r. Lyons. Day paid a uota of siity-aii dollars far tha inventions of ' Good yaw. |ciX" MOM BY MABKKT. Thandar, F?b. IMUt P. M. TIm sales of Laaf la land and Norwich and Worcester Railroad stocks vara varjr largo to duy, at a doc lino in the former, and aa advance in tho latter. Very little waa done in the other fancy itocka, but pricea generally ?how an Improvement. Canton want up i par cent; Nor wich and Worceater, 1; Harlem, 1$; Heeding, f; Penn ?ylrania A'a, J; Morria Canal, j; Farmer a' Loan, Two hundred aharea Reading aold at70,buyer twelve montha. equal to about 75 per cent, at maturity, and the same price waa offered for one thouaand aharea more. The Manhattan Gaa Light Company baa declared a dividend of three per oent, payable on the >rd of March. The Pennaylvania Railroad bill (central route) paiaed ita final reading in the Senate of that State on Tueaday. by a vote of 36 to 6. The director! of the New Jeraey Railroad and Trace portation Company, hare iaauod a notice of their inten tion to distribute at par value the reaerved atockofthe company, in the proportion of one ahare to ten now held, among the atockholdera. Those who do not aigoify their Intention to take the atock by the Mtk of March, will forfeit the rig hb There baa recently been a deciaion made in the Su preme Court of Miaaiatippi, in relation to the banka of that State, which muet have a very groat influence upon the value of the atoelca of the defunot banka now in a atate of liquidation. Tkia information ia particularly la. tereating totheee holding the atock of the Vickaburg Bank. The deciaion referred to, waa one made ky the Supreme Court of Miaaiaaippi, declaring the amendment! to the Briacoe Bill conatitutionaL A prominent democrat ia the lower branch ct the Lag lalature of Miaaiaaippi, by the name ef Briacoe, a bitter opponent of the whole banking and credit ayetem, and of the circulation of paper money, in the year 181S, in troduced a bill into that body, providing for the imme diate investigation, by raeana of an information In the na ture of a 9 no waranto, into the condition of the varioua banka of that State, upon the queetion, whether they bud forfeited their charter* or not, and alio for a Judgment of forfeiture, in case auch ahould prove to be the fact.? Thia bill paased the lower branch of the Legiilature, in the ahape in which it came irom the handa of ita author. In the 8enate, the question arose aa to the i-ff-et ot the proceeding, and of the judgment when rendered nnder it, and an amendment waa introduced, by which it waa provided, that the aaseta and property of the banka ahould be preeerved for the benefit of those legally en titled to them. Thia amendment paaaed both branchae of the Legislature, waa approved by the Governor, and became a law. The affair came before the people during the following year, and the question was, shall this amendment be re repealed and the original bill be substituted. This quer tion came before the Legislature again, and the lower house, in committee of the whole, refused to repeal either the amendment or the original bill. Against thn repeal of the amendment there would have been a ma jority of 35 or 90; but the repealers, to prevent a defeat, moved to repeal the whole, and it waa lost by a majority of 14. The Briacoe fi^as it now atanda, with the amend merit, is a law of the State, and the opinion of the Su preme Court, affirming ita constitutionality, will now be carried into effect The assignees of the banks of Miaaiaaippi, in a state of liquidation under thia law, retain possession of their as sets for the benefit of the creditors. In the case of the Vickaburg' confirms the possession of the rail road, for the benefit of the stock holders, bayond the reach of the creditors, leaving the other assets of the bank subject to any legal demand. This may lead to acme arrangement between the bank and its oreditorar The assignees of the Vicksburg Bank, sometime slooe, made a proposition to the creditors of that institution. It waa proposed to pay off ail the liabilities of the bank with stock : that is, one half of the whole number of shares in tbo capital stock of the bank waa to be given in payment of the debts. This atock was to come from eaoh holder; an individual holding ten shares, was to give up five, which double ?> the coat of the five left This arrange ment leaves all the assets of the bank to the stock hold ers, the creditors of the bank coming in as holders of half of the stock, or 90,000 shares. They receive stock, the par value of which was $2,000,000, for demands esti mated at about $2,600,000. The aaseta of the bank are estimated at $0,600 000, of which $4,100,000 are in notes, bills, mortgages, negroea, mules, horses, ho. Should this four million of assets not be realised, or should not the first cent be realized on them, the stockholders have a railroad, which cost about $3,400,000, the income o' which, annually, ia fhll six per cent on $1,000,000. Valu ing the road, therefore, at two millions of dollars?on which amount the receipts now pay five per cent?the 'tock of the bank becomes worth fifty cents on the dol lar. This statement plaoea the affairs of the ooneern in a very fair position, and seems to settle the polnt,that the present prices of Vicksburg Bank stock in Wall street are not much more than one quarter of the real value of the stock. But it is much easier to make propositions than to carry them out; it is mnoh easier to estimate as sets than to realize them. The latest official report showing the condition of the Vicksburg Bank, exhibits the annexed statement VlCBSBCIO BaRKIRO ARB &AILSOAB COMrAKV. Old bai k checks $102 030 70 Due United States Bank and Phenix Bank.. 1.261 l-ifl 64 Certificates of all kinds 1.304 097 76 Bank notes and post notes 376 154 00 Deposits 43 707 70 $3,889,637 70 I Less bank note* on1 band.. .<.$374 000 , l'o?t note* in *uit $34,000 299,000 00 Tatal amount of liabiliUaa. $3,000,007 70 AltCTS ' B lit, notes and mortgogoo.. .$4,104 1S1 06 Coat of railroad 3,418,764 #7 0 OH 807 00 Surplus assets over liabilities $4 034.369 84 The special debt of ths company, of $340,000, is not tsken into this account, nor the real eatate owned by the bank, amounting to $403 000, as it is estimated that one will offset the other. The United 8tatee Bank and the Phenis Bank have a elaim on the Viokiburg Bank, amounting to $1,363 116 The sea eta of the Vicksburg Bank are put down at $6 613.607 46, of which more than four millions of dollars are in notes, bills and mort gages- In the event of those being realised at the faoe, the capital of the bank would be saved, without making compromlie settlements of its liabilities. Should the assets of the bank ooly net fifty cents on the dollar, in eluding the railroad, he., and the liabilities be paid In full, the surplus would give a value to the stock of about twenty per oent In the event of a compromise settlement of its liabilities, say at fifty cents on the dol* lar, and a disposal of Its four millions of dollars assets, in the shape of notes, bills and mortgagee, to pay that per oent., there would be the railroad and its appurto' tanances, to pay the stockholders, which, atone-half thairoosts, weuld pay on each share about thirty dol lars. This railroad pays a net income of about one hundred thousand dol> are, which-is six per cent inte rest on about sixteen hundred thousand dollars. The decision of the Supreme Court alluded to, settles the points which have been so long in dispute and doubt { but it la posslbla that tha credi tors of the benka of Mississippi may bt lass dispossd to compromise than when it was generally supposed thst the banks were without the power of colleoting their bills, raceiv able in their corporate capacity. Tb^ improving prosperity of the country generally, must nave a vary favorable influence upon the value o' the assete on any bank in a state of liquidation, whilo their liabilities are not Increasing any fastsr than tbo accumulation of interest. The affairs of the Vicksburg Bank, undsr the judicious managsment oi the assignees, will ba steadily improving, and tha increasing valua of ths property reserved exclusively for tha benefit of tho stockholders of tho bank, must produce a correspond leg increase in the real valua of the stock. Tho Vicksburg Railroad will, without doubt, soon bo oonnoeUd with other lines, forming a continuous lino from tho Atiantlo Ocean to the Mississippi river. A charter has besn ob tained from the Legislature of Alabama for a road to connoct the Ooorgia and Vicksburg road, through that State. A bill was introduced, soma limo in January, into the Legislature of Mississippi, to perfect tho con nection with tho Alabama line, snd He friends wen san guine of Its speedy passage. A11 iheee movements tend to increase the value of the Vicksburg Railroad, as it will be the western termination of tha great line con neetlng the Mississippi with the Atiantlo Odd ; WU&SN& moo OhoSi. i?ts I sssa Kentncb? , tasro Penoa. 4a I0de 3000 do 41 ihs Vichsharg Baak St Life aad Ttu,t . '2! I ISO farmers Treat. ! * <Jo it do 15 Morris Canal I TJ do 1 84 do 4? do I jo do 144 loading RR 40 do Its Harlem RR 166 do iS 50 she Canton Co IM S3 do PS do 50 do 100 Inland RR St do 100 do SM d > 100 do ? 01 do ? 4*0 do 1*0 do 44 do 150 do IM do IM liO 415 Hot kWorRR 30 do 40 do 146 4* 166 do