Newspaper of The New York Herald, August 4, 1851, Page 2

Newspaper of The New York Herald dated August 4, 1851 Page 2
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NEW YORK HERALD. JAMBS UOHDOH llllllltT, PROPKIXTOA AND KDITOA. SrriCX N. W. CORMKR OF FCLTOM AJW IOUAU BTB. THE DJIILT HERJILD, I etu$ ptr tapy-pt par | "r?e WEEKLY HERJILD, nt>| 8atmadan at ?* WKjl ptr copy, or D ptr annum; the European Editian. 94 per annum ( any part aj Ortai Brilam, and %& ta any part at tie Continent, both ta include Ike pottage. VOLVST.iRk CORRESPONDENCE. containing peyijrlanl newt. eolieitedfram any ouarter of the world ; if uaed, will te Uierally paid far. Ova Pobbiob Cobbbato> oamra aba pabtioim abl* beocbotbd to iul ala Larriu aiu Paoaaabi ibrt to vb JtLL LETTERS ky noil, far Sukacriptiana, or with JUatrtiaanenta, ta ke poat-patd, ar tke pottage trill 6? deducted tram tke money remitted, NO NOTICE taken of anonym* u* communacationa. We da not return tkaae rdectcd. .IPVERTISEMENTVraneued every morning. JOR PRINTING executed wi'k neatneaa. ckeapnaaa. and dematrk TERMS, eatk in adeanre. j Talnuie "o. 414 AUUUJUNT8 THIS EVENING. CASTL1 QAKPXN?la bmiuovla. OWIIT THEATRE, Bowarjr?A Husband'* Sbcbbt? ' Tmbbb Ovabmmbb. niBLO'B 0ARDB1V. Brn?d?*r.?t out Ropb?Tbkb*IA1 i .BMIAL-GBtVI MokitiB. NATIONAL TDBATM, cbtllua ihMt-THi People's \ candidate? cmiLDEKN in the wood -seven escapes r Ai>elaide o? Dhiidii. CURI8TVS MINSTRELS, MseAaalos* Bali, 171 BreaAwar ! 4nu?rui Muiituut. PILLOWS' MINSTRELS, Pillows' Masisal HaU, Ho. ml flMittti-lrmNriii HUITBIUT. HHICil MUSEUM?Amusino PttfOMilON Axtunooi and Rtehibo How York, Monday, August 4, 1831. Telegraphic Mammary. According to our advices by telegraph, received jast night from New Orleans, bearing date July 31, and August 1, (rather stale for the telegraph,) the ] steamship Alabama had arrived from Vera Cruz, 1 ringing intelligence of another destructive fire in San Francisco. The newi probably came overland from Mazatlan or Aocapulco, via the city of i Mexico to VcraCruz. The fire in San Francisco is 1 reported to have extended over ten squares of the ' city, and is said to involve an aggregate loss of three millions of property. Several lives, it ap- j years, were also sacrificed ; but the most ominous j feature of the intelligence is that the conflagration was the work of incendiaries. If this be so, life and property in San Francisoo are truly in a most yrecarious and lamentable state of insecurity.? The facts, however, may possibly bo exaggerated. We wait for further intelligence by one of the j Steamers new nearly due at this port. Later advices had been received at New Orleans i from the island of Cuba. The revolution try move- ' ent is reported to be extending, and th&tTrin- , ktad and Villa de Clara had declared for the insurgents. We expect more direct and copious infor. j mation to-day. tat* Elections To-day?Position of Parties ?Signs of tile Times. On this day, elections will be held in the States i f Indiana, Missouri, Iowa, Kentucky, Arkansas, , Alabama, and Texas; and on Thursday, in North Carolina, and Tennessee. We give in another olumn a table of the candidates of the several j parties in the field, for the various offices for which elections are to be made in the States that elect to-day. Beginning with Kentucky, we find that the eleo- | yon involves the choice of a Governor, State officers' 1 Members of the Legislature, and ten ere prostata* ! tives to Congress. Cassiut M. Clay is here in the : ' feId as the independent emancipation candidate for Governor, and it is apprehended, by the whigs, that * Me may draw off some five or six thousand votes 1 from their regular nominee Although the contest ' Is mainly conducted upon old political issues, ia . 8 lis general aspect, it savors of disaffections in the 1 Whig ranks, which may result in important ad- . ' wantages to their adversaries. As he withdraws , 1 from the political arena, the great name of Henry 1 Clay, not only in Kentucky, but elsewhere, every- i where, ceases to rally the party to the rescue, and o sufficient substitute has been yet discovered to Maintain the ancient unity, harmony and enthu. iasm ia the ranks. In Kentucky, however, the whigs, in good faith, and without equivocations tand upon the platform of the compromises, and thus j far have the benefit of the popularity of Henry 1 Clay. But their local and petty divisions threaten to interfere with their success. rtexi comes me estate 01 maiana. nere ten member* of Congress are to be elected, chiefly upon the 1 Id party landmarks, as far as they remain to dis- ' tinguuh one party from the other. The mere | ' meof whig or democrat, howerer, in some States, Mem* yet to he sufficient, at this important crisis< With the spoils of $50,000,000 a year in the prospi ctire, for the rallying of the masses together, under their respective party banners. As a general rule, in- I deed, principles have becomo secondary to the spoils. ' At the last Congressional election in Indiana, the | result stood eight democrats, one whig, and one free soiler. The whigs may gain a member or two 1 in this election ; but we presume the majority oj the delegation will be democrats, which, in the eve: t of the election of a President by the House, secures the vote of the relate to the democratic caad.date. In Iowa and Missouri, the elections are merely of a local chatacter. In Missouri the contest is rendered a little pungent fro a the continued hostilities between the "bards" and "softs," or the lienton and anti-Benton Unions of the democracy; division exactly corresponding with the late dietreesing split between the barnburners and old bankers in this State. The Missourians, no doubt, like their New York eonfrtm, will, after a year ; or two of losses of the spoils, agree to rally to- I pettier again upon the seven indestructible pria- | riplrs of John Randolph, to witthe "liveloaves and two fishes " Meantime Col. Benton will, uo doubt, fin! sufficient employment in the compilation mil nnllnontinn of hi I inside historv of the sta te-mar.'hip, politic, and political intrigues of I c the United Mate* for the last thirt/ years. P Bat it i* in crossing over into the great cotton producing section of tUt Union, that we approach 1 a the most important field of the politic* of the da/. | f, From North Uarolina, westward to Ark insas, and ?i Southward to the Gulf, and particular!/ in the jf State* of .South Carolina, Georgia, Alabama, Mis- g, sissippi, and Arkansas, cotton ii the great staple of D, commerce and of politi w; and it i< here that the in- J stitution of darery, l/ing at the rcry baa 'J of ^ society, ia paramount in political affairs. Here it p la that we find the Union itself esteemed a* on!/ of ' < secondary importance to the preservation intact of , j, thla domestic inatitution?here the late eompro- t; mu>? measure* hare scattered the old whig and (| democratic partiee and platforms to the w.njj? j, and here we find, on this vital question of smrer/, w two new parties organised out of the fragments of ^be old ouca?the Union party and the Soutsern rights part/ Nor is it to be disguised that he e, groat issue between those parties is the continuance a] of the Union or the dissolution of the Union, and b| inc lorraaii' -i >i in r i?p?r> leni Southern cin;e?Jcracy The actual Usue* now ponding in the ^ cotton Stat' s may t c tic-re Vtrvttions; but the/ ?rc nUtrMti jn* wU .'a, if ?1: f?|, nay roiult la M *pee?'y lotion, disruption, md eadlus* dUaetor* h< The election* in the cotton State*. therefore, ehal* lengt our attention, of the highest important* f0, to the country, nnd of the reetorn'.on of that peece i ^ ad harmony eo indispensably *??ent.i! to the pre' creation of the Union Yet we havo ominous sign* of impending aiifor- w< tunc* to the Union party in tho South. Between *rth< two other candidates for Governor in Arkmtis, 11 the chance* are at leaet equal for Johnson, the no u: aeince of the ultra Southern right*, or eeec*? on |>arty. in Alabama, where a Govern >r is to be ' Jocted and eercn member* of Congnts, the ~oUtherr right* party appear to be oonfident of ?ucc^<, ' i ad are canvassing the State with great spirit anl fr< energy Hut although the spirit of di seat is fact ion < f with the eempromiae neaeures run* high in thi g State, we are not without our hope* of a good re' port from the Union party. The result io Alabama will bo of the greatest moment in reforeaoe to the elections which subsequently oocer In Mississippi and (Georgia The brunt of the battle lies between those three States. If they sustain their Union ticket, the trouble is over, aud Sou'h Carolina must come back to her old allegiance to the Uaien ; but if in those other three States the Union party fail, and seoession is affirmed a* a right, no man may foretell the consequences. For the decision, ODe way or the other, we shall look with par. ticular interest to the result in Alabama. In North Carolina and Tennessee, where mem h< rs of ConirreRS are also to be chosen the nounro mise questions, though not entering so largely into the controversy, are stilt made, to a considerable extent, the leading issue. And consistent with the position of too many of the democrats in the Southern States, they are, in these States, as they are further South, the most aotivc enemies of the adjustment. It is hardly possible to conjecture the result in North Carolina and Tennessee ; but entertaining the opinion that a large majority of their people ore in favor of the compromise, we count upon a result favorable to the Union. Conjectures and speculations, however, are idle, when within a day or two we shall havo the actuai returns. It is only when the battle is over that we can know the number of the killed and wounded. But, whatever the results, we are satisfied that they will be of vast interest to the whigs of New York, and very useful to them in building up their platform at their September convention. A good stiff breeze from the South can hardly fail to wake ui our drowsy politicians of all parties, cliques, and factions, to the necessity of action, union, and downright hardwork for the campaign of '52. Arrival of the Atlantic?Four Days Later from Europe. After a short passage from Liverpool, the Collins steamer Atlantic arrived yesterday morning at this port, bringing European intelligence four daj s later than that recently received by the British steamer Niagara. Cotton has again declined, and sales have been very dull at Liverpool. Failures have created apprehensions, and a want of confidence has prevailed in the market. The general trade reports note the dulness of the English markets.? In France there is much more activity in trade and manufactures than in England. Th? nnlitiral intftlliffi-nce in intprp?tin? Thn Ecclesiastical Titles Assumption bill has pi^seJ to a second reading in tbo House of Lords, by a large majority; and this fact, taken together with an* other one, in which the House of Commons has shown its strong Protestant and church prejudices, is very significant. It seems that Mr. Salomons* of Greenwich, has been returned by the electors of Greenwich to Parliament, and that he took his seat in the House of Commons, after having taken all but a slight iaoie:y of the oaths nescessary to his qualification as a member of that body. Being a Hebrew gentleman, he could not conscientiously assert that he was a Christian. The whole story is told by our correspondent ; and that portion which describes the unchristian temper of the Christian gentlemen of the House, is a tit theme for comment. In these days of religious freedom, we think hisses and jeers might have been dispensed with, and thai the Sergeant at Arms might have been instructed to remt.o Mr. Solomons from the House, Without disgracing ull Christendom by -udenctsand a hostile spirit, ilowever, Parliament ibibits its Protestant predilections and power, and night will appear right, in very spite of all reason. [ he cause of religious freedom gains much when a [ovemmental principle has to be sustained by means icyond the pale of common urbanity and politeness \? to '.he Ecclesiastical Titles bill, little need be aid. It is quite evident that Protestantism will lot permit Papacy to encroach on that domain, which the ictate guards aud protects, and of which it is the proprietor ; and that it views with a natural icalousy the establishment of a spiritual klng l om on its own ground. In the Legislative Assembly of France, the divi ion on the question of a revision of the constitution has resulted in still keeping the forty-fifth article as a barrier to the hopes of Louis Napoleon for a reelection in 1B52. The question may come up again in three months; but the republic may be stronger then than it is at the present moment, and Louis Napoleon lest influential. There seems no madness ufcck-nily general to assault the constitution for ibe ambition of a tingle individual, and no diaporition to de-vi<ea new experiment before the present one barf been fairly tried. The party of peaoe and order, of which Uavaignac may be deemei the embodiment, is now protecting the republie, and it * will continue to protect it up to the hour of dang*r, and through that very hour 1 tec If. The de* bate in the Assembly has been violent, some of the 8 scenes being as turbulent a? those which excited Paris in the days of Couthon, jjt. Ju.t, and the : Kobespieires, or as those of our own House of Representatives, where personal pauions have J -oueliiues had tho start of moderation and ihile- * <ufcd dignity. The members have not coins to ilows duiing the debate; but their language has teen vituperative and quarrelsome, and they have ailed each other hard names, during the heat of he excitement, for lack of arguments with whuii " 0 > rurh opposition. This is always the result vf f< actions, and of mistaking the principles whi.-i ten de'ei 1 for the men themselves. Still, this c< irgues nothing agaie.-t the pro.-peels of France fur 1 government of ordtr from there-public. Should M he republic hold to its constitution, it is strong *' nougb to resist all attacks, and it will continue to ' " ixUt, cot only fur the benefit of France, but fur the u hole of Europ*. The other news from Europe is of little public i.tereat. 1 he miscellaneous information furnished l' ty our correspondents and by the public journals, | riilgiva the reader a clear view of every cvent | P rorthy of notice, and to our e lumns we refer for a * umber of facts in the current in tory of the world's lj rogress T?;r Law Co'UT*.?The ( ily Hall has been Imcrt dcrcrtcd by the gentlemen of the long r>be, p >r the paat month, and left in the quiet possess on ^ r tbe (omiuon Council, who, w,th a Judge or two i chamber?, and a few law clerk?, serin to be the fr Icoct .j ante of the building. Little legal buei- #| era has therefore been done during the month of ^ u't, and lew may be eipc.ted in the month of ugu?, though Judge Wood-ulT aits in Common tj. lea? ( hambera and Speoial 'J erm, Judge Kiog in D( uprtmc C ourt ( hamhers and Special Term, and t? udge l'aine in the Chamber? and Special Term of fr ic furerior Court. Tbeee, and the Martha!'? P' I fcc Bt, furnith aon.c occasional duties for tha re- i rrters. In September, howerer, all the oourtt T 11: reiumc the! sittings, and in a future notice we J* all be able to state the mn?t nroininent and in resting cares that will be placed on the rarious se ilcr.dal* for trial The Oyer and Terminer will to cpeu it# scsa'.on in September, and there the isineM will be unuenaliy heavy, as some six or * Ten raee of murder or homicide will have to be 'fxwcd of in that Court. Street assault* ? ? i ,1 rgcrtor weapons, are becoming eery frequent i ,j, latal, and have lately fum shed many ease* of an mi m!o for judicial inquiry One man remain* in M! c T'mbc nndtr a repriced sentence of execution | Or r murter with a knife, and two or room hare fr? en aincaconimbied for trial fbr a similar offence. *" Trrx Lara. Torvado ? We hare additional and , t :re < xUadcdaceonnte of the late tornado in Ohio ' ut d Maryland, which will be publiahed to-rn trrow. |Jj| le destruction ol property and growirg crop* 1* clt rrtce^ented, and loanj livea were loat. Ita af- , ' * will b? aerU tuly f?lt by all within it* range, i pe'iafly by the fsrmcra. J J ?\kw< tro t cat.ir uva?TL? Promcthena, >pt. Sharon, M eapeeted to-day, wMh i?t > news < n _ # . ?!? , f^^al m alif" ma, r1a the r><:w route ; tklso the Kejpire y, opt. Wilton, with 'WO wceki later latdiii* r-p nee, via Panama and Chagret. ? Bargain Batman the 6 ward Whigs and tha III var Ureye?JBarrender ?| tlu Uatter. Oar newt from Albany is of a highly iuterceting character. Our readers art aware that for two or three days -past an effort was being mads by tha silver gray and Seward, or abolition, whigs, of this State, to unite on a platform that would be acceptable to each, and to join in calling a Whig State Convention for the nomination of candidates to be supported at the fall election. We did not see any likelihood of success from the movement, for we g we the silver grays more credit for consistency and honor than they deserved. The silver grays are small in number, compared to the abolition whigs; and if a union were formed, we knew it would qe at a sacrifice of the principles entertained by the former. The overtures made by this branch of the party were fair and equitable, and would have been accepted by the abolition whigs if they had Dot determined to re open the agitation of the slavery question on the earliest opportunity, for purposes of tbeir own. They would have been willingly accepted if the abolition whigs, under the leadership and at the dictation of toward, Weed A Co., wete not bent upon following the course marked out for them by those demagogues. Indeed, it would have been inconsis'ent in the abolition whigsof New York to entertain such overtures for a moment, when we look at the course which the majority of the last Legislature adopted on the compromise measures. 1 luring the regular session and the extra session, Mr. Anthon, of Richmond county, and Mr. Thompson, of Mew York, proposed, a*, different times, resolutions for the consideration and adoption of tho majority, on the subject of the compromise measures; hut they were stilled in oominittee, or laid on the table, never to be called up The same course was pursued in the legislative caucus, after the adjournment. How, then, could it bave been expected at this late day, they would listen to overture8 based on the silver gray platfirm, which they had repeatedly rejected ? The policy of the abolition whigs was this:?They wanted a union?they wished the disjointed fastions of the whig party re-united, as much, and more, thun the silver grays did ; for, although they may attempt to despise the silver gray force in the Legislature, where they did not particularly need it, they would be glad to have it on the day of election, so as to present a united front to the disjointed democracy. But, in order to effect such a union, they wanted the silver grays to abandon their platform?to consent to a union, without any reference to the compromise measures of last Congress, which constitute the great (question of tho day, so that they might be able, when the proper time arrived, to renew the slavery agitation, and recommence the war against the South, by pro- I posing a repeal of the Fugitive Slave law, or such a modification of i ;s provisions as would render it nugatory to all intents and purposes. This was the kind of union which the abolition Seward whigs wished to form with the silver grays, and one which the latter could never enter into without a sacrifice of honor and principle. The compromise measures were intended by their authors as a final ' ettlcmcnt of the slavery question, on the basis ef :hc constitution. Thev were accented as such by the patriotic of all parties, throughout the land; ind any attempt to repeal any one of them, espo:ially the Fugitive Slave law, would rekindle he tlaine of excitement which burned so fiercely a rear ago, and threatened to consume the governcent and the republic Such, however, is the inion, or bargain, which the silver grays haveenterd into with the Sewatd abolition whigs A more | lishocorable or disgraceful surrender of principle re never beard of. The silver grays abandoned the aanly platform which they laid out for themselves, brew aside their principlei, and caved in, body and uul, to the enemies of the constitution?for ene mies o that sacred instrument the Seward whigs are, otwithstandir.g all the twaddle to the contrary. >ur readers will mark that portion of the joint call or a convection which Is intended to refer to the 'ugitive Slave law. It says " that the rights Of :itizens as voters are equally undeniable to discuss vith the full and mutual regard for the rights and nterests of all parts of the confederacy, (which is is necessary now to maintain, as it was indispensa>2e to achieve the blessed union of these States,) he expediency of such laws and the propriety of my ol their provisions, and to seek by constitutional neons their repeal or modification." Could anyhing be more plain than this ( Is not this a do. laration? a point blank assertion?that the aboliicn whigs of New York intend to re-open the slavery agitation, and move for a repeal of the Fugiive Slave law 1 If it is not, then we do not undertand the English language. And yet the silver [rays submitted to it?disgracefully surrendered be in selves. An attempt is aUo being made by the hunkers ind barnburners of this State, t> form a uuion; but here is not so much likelihood of success in this as here is in the other case. On the 4th of Joly a ete was got up at Tammany Hall, for the express mrpose of encouraging such a union ; and the subec. has been more or loss discussed, from thai time o the present. Both factions express their de-ire or union?both arc loud in professing the necessity if a union, in order to save, not only the rHute ol is w York, but the whole republic; but neither rill give in to the other. The hunkers plant themelvcs on the platform of 1*41 and IfcW-i, on the sublet of slavery, and make a corner stone of the ampromise measures. This the barnburners will ?t submit to. Their organ in this city looks upon > L an offer of union as an insult, and ignifi santly rks if tbey are to join the proved union with a e sticking in their throats, by saying they will phold the Fugitive Slave law. when tbey detest ,1 It is easy to see. therefore, that, at present, here is no pro-pect of a union between the two faclons of the democratic party. 3u( b it the present position of the two political arties in this State, and of the fractional parties hich were thrown off, by centrifugal force, from lie main bodies, in the excitement growin j ont of the avcry agitation. As for the barnburners, it is very kcly they will h Id another convention, re-establish >e buffalo platform of 1HW, and prepare for the residential election of next year. They will pro_ ibly nominate a candidate for the Presidency, <f leir own. and scrape together all that exists of the i ee soil and abolition material' of the whole North , ad West, and join them together and r their i w t 'I be*e moreim nt* in the North w;ll not e???pe I ie attention of .-author pil ti an?. The lea ling ' cn of that part - f the country arc watching what , going on here, eilent a* they appear to be. They c e in the?e movement* eleraenta of niece** in the 1 njret they hat i dc ermin- d upon, of r gaiotog tlie ' >wtr whbb they recently loat, an<l of electing a ] mdidatc of their own to the Presidency in IV?2. ' bey would like nothing better than this larmier of the *ilvtr gray* to the abolition whige. * i* putting a trump card in their hanl*, and its r fluence in that part of the republic will ?ton be o en in the election* about to take place there. n i 11 InLtiitTiivirHfiTiH ?-Our attention b*? heen?a"*d I1 the adrantacee of the rout* to the l.*k?< n>'? Dunkirk JJ id BulTulo and l lerelandand fanduiky oyer the (Van- ,j irei.la renal to Plt'-fcntf. In < 'n~- n.'ir* <.f p?rt Of ' * Ohio riror telnf loo during the annum r m m'In. and danger of ahipy ra tedo* thereby exp - -1 to < rperi** j d lo?* We learn that many meichanta of the lower <* laairalppl SUte*. who h*?? heretofore ?hipp 1 by New ^ lean*, now aef)d their goods ia Cinelnnati. a* the ( l.t ftrm New V'tk to that pi* a ' t? n o be for- tl axled at N reata r?r MO lb*., and wlU rraeh Cincinnati J J filtren day? aad If aetit eiprn* by tbe Mew York and 1 le Rr iln.ad. In *1i day*, at SI <f) per lot lb? Th" lif- u| e|?ce In Incur*r.re between tke Now Orl<?aa and lake p? itr. i* ia faweffef the letter Our Informant gare ua e? ? nam' - ol forwarding hou?e? at Oloelnnall a tl th.a rr y but it ia not oonfi rmable t.i our rule to publish * me* lo rueh notice aa thla they are ui ? proper in nt r. i ii-< uh nt? in other column*. wl ? _? ? ? nt or nt> F.Mronaar r NWar.fi it fl-Ttira. The f rwardir*, rutin-r*. and Ot.ii* t t, i| ? m? ting fatf. say etet.inir. to tak* into r.o i ra r :i ti. r? an it court* i-f the f>nimiaiiotieri of J,m,/nt n We . re arepr'rf the p*oeee?jtnf? mi' ' lo< i'n ran and r.'hff n??, we %f? c nj ! i I >.a? It on' in to-Rjorrcw, i J1,' NEWS BY TELEOSAPH. TWO WEEKS LATER FROM CALIFORNIA| ANOTIIER CONFLAGRATION IN SIN FRANCISCO. Tlifft Ninons Worth of Property Destroyed, and Several Lhres Lost. FURTHER FROM HAVANA. Progreas of the Cuban Revolution, ?C. die. &C. The Intelligence from California. New Orleans, July 31,1801. The Kteamsbip Alabama, which arrived here to-day, I fr<m VeraCrua, brought adyices from California to the i 1st of July. Another tremendous tire had occurred In San Fran1 cIfco. by which ten squares of the city had been laid in a?hes. and three millions of dollars worth of property t destroyed. It is also stated that a number of persons perished in the (lames. The origin of the Are was believed to have been the work of incendiaries. The Cuban Revolution. Nkw Orleans, July 31. 1861. Later sdrices received here from Havana, state that j Trinidad aud Villa Clara had both declared against the government, and in favor of the insurgents. A despatch just received from Cincinnati, Ohio, announces that large bodice of young men in that region i are awaiting an opportunity to join the rcvolulionists in I Cuba. The Southern Mull. Baltimore; August 3. 1861. The New Orleans mail, as late as due, has arrived; but the Southern papers at band are barren of news. Meeting of the Common Council?The Chief of Police.?In aceordame with the amendment that has recently been made to the city charter, the Common Council will assemble this I afternoon. This amendment provides that monthly sessions shall be held, beginning on the first Monday of each month. It also provides that tho members shall be entitled to their "four dollars I a day and roast duck" for no more than eight days after the commencement of the session. This is a serious matter to the highly respectable members of the Common Council, but we venture to say thit the " bureau of the City Hall," under the direction of Father Taylor, will be made to produce as much feed during these eight days, as it was drawn upon for a month under the old system. We do not, however, complain of the tea-tabic. We are perfectly willing that our Common Councilmen should have their refreshments during the evening rccc3s, provided they do not " run the thing into the giound," by incurring an expense, disproportionate to the object. Ours is a large and wealthy city,

and we can well afford our municipal legislators a stomach full of "vittles" if they will promise not to pocket the segars, which is ab?ut as mean a thing as any person, alderman or no ulderman, can ; do. If rumor speaks truly, segars disappear in a very mysterious manner from the aldermanic table, I The most important business that will be [ acted upon by the Common Council, during the session that will commence this afternoon, is the appointment of a Chief of Poli-re to fill the place occupied by Mr. Matsell for a number of years past. In this matter there will be some ex- i eitcment and fun, according to all appearances. A number of aspiiants for that office, having for a long time envied Mr. Matsell's possession of it, and thinking, no doubt, that it could be made cxceed'ngly profitable, determined upon ousting the pro- j sent functionary, and getting it into their possession as pari of the spoils. A majority of the Common Council are in favor of Mr. Matsell's removal, we understand, but the Mayor is opposed to it. We (hall see what the result of this contest between the legislative and executive branches of our municipal government will amount to. It seems to be determined that Mr. Matsell shall be removed, and his only hoDc for continuance in office rests on tho Major. Mr. KingsUnd has shown spunk in 1 some cases, and a want of it in others. If he should I be spunkj in this we maj look for fotne fun. One I thing, however, is certain, that it would be difficult 1 'o find a better Chief of Police than the present incumbent. The Case of the Murdered Policemen. the 1nqcwt held on t1ie body? evidence taken i in the case?the verdict of the jury. In consequence of the iibaenee of Coroner (ieer. who left the city on Saturday afternoon, Alderman Oakley, of the Fourth ward, officiated as Coroner, and presided at the inquest the V-ly of Michael Foster, the : Policeman of tb Fourth ward, who was mortally stabbed ' in ibe abdomt n with a dirk or dagger by a Spanish sailor . named Antone Lopez, on the morning of Saturday last, the particulars of which we published in yesterday's lltraM. At about 12 o'clock. Mr Hiealdey, the j Deputy Coroner, empannelled a jury, and the loliowing evidence was taken ? tkstiuonv. Patrick Duffy, Policeman of the Fourth ward police, sworn, 'ays ?I was standing at the corner of Feck slip i and South street, on Saturday morning about 1 o'clock, ! the 2d of August; I heard theory of "uiurdsr!" and ''stop him lite alarm was coming along Front street towards Dover: I ran up Pe:k slip towards Front street; I and as I was running up. 1 saw a mm cr >'s th? slip In Front street, and I ran after him and overtook him about the middle of the block in Front street; when 1 got l wilhin two or three paces of him I called to him to itop. or j I wonld strike Dim. 1 called out the second time, but he I paid n attrnti' u. and kept en running; I then "truck Mm with my club on th" tde of the head; he "tiggerrd. and b< fore he rtenerH hirnwlf t eel re 4 biin by the riant an 1 hirt. and immediately he dropped a iltrk on the *ldewalk: about tine time policeman I'reniergaat came np, and I twid Mm to pick up the dirk or knife, which h" diil, and conrojed it to the atatlon bouae, along with the | rieoner now present natn>"l Antone l,o. ' pea; I rerogntrc the prieoner b< re a? the uian I arre?t*d; I am not positive that Llood wea on the dirk; there waa a tinge ol *<>metiiiaK on the hlwle ef the dirk, but I ran. tot i-wear It wae Mood; the dirk here ahowo, I ehould ray. I* the on' oue dropped by the prisoner Lopez. .lame* Latigdon pclicemau of the Fourth ward, eworn. ' av* ?I raw the dirk hand) d to Capt. Haird. by oltlcer I l'r*nderg??f, the one here exhibited ia the on* given to I ('apt llaird; I am pmltin It if the ram* dirk, I raw it ) I ended to t'apt llaird, it war placed in a drawer and l< rk?d up. l'atrirk Frend* rgart. policeman ef the Fourth ward, worn, ray a t wa? on duty about one o'clock on Saturday norning. th> 2d of Augmt. when my attention waa attracted to a honre in Water rtreet. kept by a man aamed t'rtrt between Hoo'cvelt and Purer rtreet*; I waa under ihr imj rerrion that a C<ht had taken place by the [; ire. I pri ce, ded to tlir apot ami f mod on" 'if the pri?< net", named Joaeph Otono. aod the other two pri?onara; Crtono we* eery riol-nt and wanted to g-t Into i ' u*< I tm.k h<ild id hii'i to take htm away, when , fie (irciigl) d from no and rtrwk the door of lh" hr>u?e rith lii? tint, I aoxed him ami puehed him along the i lidewalk. end ho kept talking in a language that I did ' i Hit know; the oth^r two prl-omrr followed after, but Inl m l appear to be eo vlci'tt; whim I go! to wi'Mn a 1 w 01 in* corner or iiooeeviii street. 11 r oater the d???aa?d. r.ime up and n*k?-d m? what 1 he tr< iiI>1>- ?u, I told him I did not know; I told iiui I did not understand their language; the deceased ' Inn asevted mi to > -ndeavor to get I hem home; Cotona r Hlb-ttme appealed to be the mo*t violent, ani ray at- l > niton *m taken up with him; when arriving at the q ortierof Kooneyelt and Water streets, I pushed CotoBo j n the cross walk, and told bim to go home, and at that i' nient I heard deceased exclaim he was itililH; I im lediateljr turned round, and saw a man rujning down 1 J ooeerelt etraet. toward* Front itreet and deeeaeed run- * ing after bim; I came up to the deceased at Dover at , J hen l.e aaid ha felt faint and could not go any further, | en need aaid to nie There he goae"?meaning the man a 'iat was running, I followed on in purauit, and saw him ; roea Feck -lip and caine up to the prisoner juat aa po- f reman Dufly had aireited him. and waa in the act of ' ntting my hand vn bim. when the prisoner dropped a | uk fr m hie hand on tbeiidewalk, the one berepridiiced, (l helieie. la the one I picked up and took to the etatlon | nee and ga?" to Am-iant Captain Itaird, the prisoner j oar preaent. called A nti r,e l.npex, la the man who dropped I (1 led-fk; aeaiiti d tflei r 1'ir.Iy to c nvey the prisoner to a le station house. I did n ,t tind any sheath belonging to m >e dli k knife when I searched him at tTie station house: '* believe the dirk now produced to be the one I picked !' |i from the ei'i' WHlk or pavement; there were no other jj r*ona preaont ut the time the deceased waa stabbed ex- |j pt myelf. the deeeaaed. and the thre? prisoner*; I ar- ! at at?d Francia Handera about half past six o'eioek the ti m? morning. and. when arretted, he aik?d me if the an with th Fanemn hat wa- arreated? nrmlng Dope*, j bowreah-st of that de-einti o; he an-1 he was the | es an who did it? meaning the stabbing of the 4?0eaa< ,1; 'j appear< J to know wlnt he wa* arrested for, and said J,', waa willing to go with me ,, The two prlmm-fa, Render* and Cotono. Wert then ex- ,, win'd as vtitm a ea. Th" first esll'- l wa* pI rancta Fand?-ra, who being awnrn, says?Th* priaoner. i atone l.ope* waa a aeainan on board th* schooner 1 kt.ana. Captain No|e?. ft'm New itrl'-ans; on the morn- gr g of the diaturbanee In Water afreet intone l.opei ' ?' id a difficulty with a man in a porter houa* in Water " wet. wjjo itfuvk him. the poiitt-m'-u then cam'', 1 raw 1 V M"' Lipee take nut a knife, and I Mid to blm, "dent u* the knife, tkf pollcciMD have eome to make pence;'' a big pokoaann bad nM at the time when I oaw Lopes run from the corner of Rooparelt ztreet toward* tha wharf the policeman left me and ran after Loyez; and I waa then left alone, and went away; the dirk now exhibited. 1 tbink. la one I hare *eeu in tbd poesesslon of Lujmi: 1 caw a dirk, resembling tbe one bere produced, fall from hi* pocket on board the veasel at New Orleans, when we shipped; the b-y'john, ou tmard the ve*eel, can till more about the lcnife than I can; at the time when l.opcz took out the knife, be raid "let them come,'' a* we rxpected to be attacked and beaten by four or tire men; L( p? i had on a Panama bat that night. Joseph Cotono eworn. ray*:?I wa? in company with : I.opi i and Sander* on the morning of Saturday last; of. ; fleer Prendergaet was pushing me along, and telling mo I to go home: we bad a diflculty in a drinking bouee in I Water f treet. a few doora from itoosevelt; I heard the cry of murder when at tbe corner ofltoosevelt atruet; tbe officer then Uft me and ran in tbe direction of the cry of murder; Lopez bad, dpring tha evening, drank two or three glasses of liquor, and wan aligbtly affected by it; Lopez, on tbat night, wore a Panama hat. F E Leroy. resident surgeon at the City Ilorpital, sayr:?The deceased wan admitted into the hospital on the morning cf tbe 'id instant, in a state of great prostration. having received a penetrating wound of the abdomen. two and a half inches in length, situated on tbe rigbt of tbe inediutp line, three and a-half inches below the umtilliisi' the wound hail iteen dri-wsd lies nK*i!-lu- ! I previous to admission; deceased lingered tiftecu hours, ' and died at between half-part six and seven o'clock last evening; deponent has nude a ;??f mortnn examination I of the body of the deceased, and fouud the cellular tissue around the wound, and on the right tide of the abdomen, I distended with coagulated blood; the wound presented ! the appearance aa if there had been two thrusts of the knife; that cf the peritonium had two distinct perfora\ tions? one one half an inch In length, and the other two ir.cheg, which corresponds in extent to the external incision; cause of death was the loss of blood, and the shock to the nervous system caused by a wound of the > abdomen; deponent further rays that the wounds might be inflicted by such a dirk knife as now exhibited in J court; traces of blood are perceptible on the blade of the knife or dltk. The medical evidence concluded the investigation, I , and never have we witnessed a countenance indicating j ' guiit more than did that of the prisoner Lopez during ; the investigation The esse was now submitted to the jury, and, after a ' consultation of about half an hour, they returned the { following verdict :?" That the deceased, Michael Foster, : came to his death by a wound of the abdomen, intlietud : j by a dirk knife, while in the hands of Antone Lopez, ou 1 i the morning of the 2d of August. 1861; perpetrated at or about the corner of Itoosevelt and Water streets." The prisoner. Lopez, was remanded buck to the Tombs ( for trial, to answer the charge of murder, and the two 1 | men. Banders and Cotono, were committed to prison as | witnesses. The body of deceased was removed from the hospital yesterday afternoon. aDd conveyed to bis late residence, No 319 Pearl street, and the funeral will take place at | thiee o'clock this day. GENERAL ORDER, 2)5. Office ok the Onir.r of Pomce, \ New Yeas, August 3,1851. / \ Capt. , Dlst. . Sib :?The melancholy death of Sergeant Michael Fos' ter. of the Fourth Patrol District, who was struck down by an afassin on the night of August 1st iust.. and the r?< ent cruel murder of policeman George Gillespie. of the same die'-rict. while In the faithful discharge of their | duty, both of whom signalized themselves by acts of biaicry. and a strict eonformily to the discipline of the department calls for mere than ordinary marks of respect and sorrow from us. thetr oomnides. You will, therefore, at 3 o'clock. I' M ,4lh August lust., attend the funeral of Sergeant Mlcba< l Foster, from his 1 late residence. No. 319 l'earl street, with one platoon of your command, with the usual badge of mourning (stars ' covered with crape ) The column will be formed in sections at 2)Z o'clock, P M . intbe Purk. in front of the City Hall Capt. Hopkins. Third District.) Will act as aids to the ' Turnfcull, Eighth " Chief of Police, and be " Baiters. Seventeenth ) obeyed accordingly. By order of GEO. W M APSELL. Chief of Ptlioe. City Intelligence* The Weather?On Saturday, the weather began to resume it* usual warmth. and yesterday it was u warm us anybody could wish it while. at the sunn- time, there was a delightful sea breeie. which was quite refreshing. Kverybody seemed to be abroad, enjoying the day. lit i,son Kivk* Kaii.boad ArcinKtT.?The Coroner yesterday held an inquest on the body of John Carson, aged 23 years, born in Ireland, who came to his death by his head coming in contact with a bridge while a short distance this side of I'eekskill, standing on the Hud. on river train of cars on their way to New York. The debased. it seems, was one of the hards engaged on the train. The body was brought to this city and carried to the residence of bis wife, corner of Thirty-fourth street and Ninth uvenue. A verdict was rendered of acci leutal death. l?aow*ri> ?About nine o'clock on Saturday night, as one of the lioboken ferry boats was just about to tuueb the bridge, at the foot of Barclay street, an unknown man fell into the water, while In the act of atepping ashore, and was drowued, notwithstanding that every eflort was made to tescue him by the passengers and boat's hands One man jumped after him, but ail he culd see was the hat. which be picked up Immediate search was made for the body, but it was not recovered till about five o'clock yesterliiy afternoon. Coroner titer shortly after held an inquest on the body at the slip, foot of Barclay street, and a verdict of " Accidental drowning " was rendered, after which the remains were conveyed to the dead house in Twenty-sixth street. The drowced man had on a light cMoied linen coat, dark vest, fancy calieo shirt, blue cotton pants, and coarse sh<es. There were no persons to claim him. or who knew anything about him. We understood from one of the ferry masters at the foot of Cannl street that his name was Jackson, lieceased appeared to be about 35 years of age. Waowr.. ir Tat a?Yesterday evening, a sailor called at our office, with his head bandaged, and stated that on Baturlay night, about ten o'clock, as be and a comRnion were quietly walking along Water street, between iver and Oak streets, a policeman came up and (truck tbvia both several times, with a club One of the men, it ap|*ars. had his arm broken, and the other, whom we >aw, bad hi? head bally bruised lie also stated that tbey went to Br Traphaprn who dressed their wounds. Tbe man asserted positively that no cause wu given to justify the conduct of the policeman, and that he believed the latter had acted from a spirit of revenge. in consequence rf two of the officers of tbe Fourth ward in which they were attacked, having recently been killed by sailers. AsOthvh Foi-xdi.iwo ?About ten o'clrck, last night. 1 iw.llea i L *!.<>. ... o?-A _ 1- -.1.111 .1 . at the door of honM N*. 123 Pitt Itrwt where the re- ! puteit father i* supposed to reside The mother "f the | t child had also lirrd In the name hoaae. but abe took her < departure thence, ac 1 no tracts of her ran be found. ( ller name is Doyle, or Dowd Am im it ?On faturduy. a German woman named Barbara William*, residing at 107 Third street, got her leg I broken In two places, and her body otherwise mutilated, at the ship yard of t\ illlam Webb loot of Beretith street, by the failing of a plank whde she wa- gathering fuel. f be was taken home, in a feeble condition. 1 Albany Dntrlnoiui.?\tuimrn wishing a t supply ol this popular weekly, will please forward their or- I . dels to ika subscribers, DEATKKfc BROTHERS, 1 *3 Aaa (treat. | Albany Dutchman.?Wanted a few active , s/.ats to cirealata the Dutchman In Bro. klya aid .Or. y , 4'ity. Terms literal. The Dutchman Is tha most readable ' paper published la America. Apply to J DEXTER k liKUTll ERS, 43 Ann Street. AH the rlalmnnta to land* and property hi Id by Trinity Church, of New Turk, aro hereby notified ' that the actP n commenced la the nam.' of C. C. Kier-ted is fur the b?Befit tf all the <lai'naats under the children "t Aaneke Jsuts, and all are notified that they must, without untrreieary delay, trior or sead their written statements of pedisre*, to either ut the sabscrtbers, so that they maybe put ia the hand# of exuase1, to l.e last-tiraled, drawn out end prttuTeu lor exhibition to the court, and ta bo insert 'a in the pisiatltTs Mm plaint astir .t Trinity Church aid the people of the Plate, which complaint wae .creed 14th July, IM>I, and the Church hae thereto catered Its appearenc-, and the action is now p.nding in the lonrt of < omm n I'Pas, lu tht cltv of New berk. The subscribers think proper to add that all who hate real and Just claims ousht not and must act place any reliance upon the emietarlee of art ful persons, i who are tr)iB( to mis!- ad and deceit! tl.em as to tboproperty, its location, *:>d tain*. The subscribers have certain and eatisl i< lory knowledge upon these and all other mattets w bieh Interest the trac and met claimants ia the promises: I and. ?l.l.?. ? e ... . i.n, we ner'umo ??t our | ' nAtr.e, ?n-f rl?e*t f 1 neinee* In Kew Yerk eity. r ciiki.-!< > iirh u. Kir.?"rr.i>. xu w*?ttM ?tr??t. DA v11? t.Hnr.-hf F.< K .In., ?A P??rl etreet. A WILLIAM B. IIUMBEKT, tJU Boirery. .. = : . I.mllry Oolnn to West Point, CatiLIII I! rt*in IIoiim, UViing Spriar*. Sarat. *?. Trenton fall*. cr II.* foil, of Nia*ara. or ? Sen port. Krrkanay, I.run h, < im M.-.r and the v?rton? r?- rt, in th? country, terjet uot to cull it Mr Miller*, end *et yonr luppty of . rn rliters *11 n--re. tie* cod buekin*. bet. re K> In*. Ton fill . rid *11 th? difft r at *tyl*e ?*lt?Me for .Ire,* *nn trirellin*, . 0,1 it J H, MILLER'S, IMCnanl timet. pt O. II. ( Inrkr. Merrbanl Tailor. Ill W II- 1 Ian itrnt r?>|ni tfully inform* Southern gentlemen, rltlien*. Of n, tl.?t I , i* preptr-d to m?k* to or l?r faehnnahl* j (orinrntcnt l?>* than Broadway arte**, *t tli* *nw time | <i*nl if not *up*rior la 'inility. A tin* Urn* Coat tjr, b. ,t Inr frrneh Doeek.n I'aat* * . r,e*t Satin t?*t* b>. Loner . , lunLtio* Intrer price*. r.etniliahcd I'M. tn< Roota, Rlr(ant and Kaalilnnablr.anrl thor* ?ta nlt?blet r rh* *iimtner month*.?<:*ntf*m*M. drop In *t the . r-11 itroked eetablUl.mert of Mr Edntn A. flrooh*, l'*l 011 niton ?tr et, and eitminc hi* ut'idre a . .rlm?nt of rc, le*nntty ihaped Boot*, (la ter,, 8h?e*. lie , If yon nleh 0 I nr. I.a#? ?omttl lap pe.ti llarljr rate Ileal III, entire etek I la 1 made of the b**t material,, and hi* prlc?? ere very re* in. null*. 1 _ I out AI tinny D?it< hinnn.?Tlitn popular IVper thie ?Mk a hlatofieal WWW, bp I'alln. I'. A. A The Dntrlimnn i? the larf-t end Opi mifilltd peter paUltliU in tii? United 8ttt?e. Wholetie ?K<r.ta, I >e> t r k Ptijth-r, 43 Ann New Vofk. ,. - bnli (hyprnetnl Hitler*. ? Thin Medlrlnr l? tIN eti'1 > ?? th* rmfdefee r.f retry nffrrer fr i d??p?|>la, ?tl i( ?. and ml ?'*' dir. ihi ferti .t. , I .t,t. rni1 irnti in ite fe vrr trc ef the hirhei. rerp-debility, Indnd- dat if mewfeer* of Centred* and other dlntlatnlehrd fithene of . |? lulled Ptntre. I or witle by A It A li ttande, 1m? fwl n" >n rlrn t; A !?. S?oil!l b IV. 3'? end C li Ria(, I'd rtikd? ej j .1 k I. UodtlBRtn. ill Undent) etr ?l mid 713 rradwsy; P M Guion. 127 llorcry: '1rn-f <1 Grand reet: Hell. Rn*blf. h Co , i1N Omnnl h "tr *t; end bjr ruMiete f*ner!< 11} in the United Stalei end I enndt. (toll renmnd'e l.lqttirl llrlr nyr, wltliont et? froi ption > r re?< rralioo, io?Trrn r-4 or rrejr hnlf. to bier* of ?i. lionreud'n I tell in MedketeJ Soer onree ton, rim- "I' ce, Ir'et lr?, eunhnm, Berpncw, ?*d ell aefnemitlei' l the unt ,n. IVeiitr o?i tile npreete hair from low forehee l?, or 'V pert (if tli*?t djr. I ily Wnito, M ,nld Vef'oMe H" i a * *> ' ><l r- ndro ' ebtll*. are *11 found et the eld eetablleh id do- j? n it. fd Welter (trctt. near liroadway. a J<?1 llnlr Itjf nnel Wll? ran l?n feiBnel In the inn eetret pom i ti a at Rtu helor'e. 4 Wallet feet. II.? Wire i , .. * nnrenalli A for natural epp*et?nie and dnrehllttr. Ilie *' rrli)? i? ?o tavoraWp tin wa It n**da no rn nmont; It I .en n be pr* eared ateo from all thf Dr?Mitte and l'eiluinere i , town and eoapuj. j1; ' ? Jitf AlUnUtn | That Old and F?voritoOtM*rr Iter*. aeathwea* corner ofVartok ud Vandam itr.it*, ka? been oMUd byth# u ad.'raUn ad with a new and entire stock f good*. Ilia Soperttne faar .hilling (lack Tea, fo r strength, and richness of flavor cannot ta surpassed; his crushed Sugar, arosur.rior to anyth ?g in the market at tba prion; and fhe pries* of hi* other article are oorrasjxindiugly cheap. A. large an f choice selection ol Brandies, Wiuea, Its always or band. To thora who aasire full value for their money, he ra-I spectfully solicits a call at his store, northwest earner of Vanck and Vaadam street*. AL*X. UJtfUUICN. Fishing Bnnki ?W? art Inrormnl that the passengers on hoard the Butslo brought up to the elty yes| terdsy, 5,000 Kea-Lnss and Paugics. This boat haa run successfully for the last Ave years, and lsavas nearly every day See advertisement. It should also he known that this boat. , is owned by L'apt. J. W. ilaucox, who has no intsrestin any 1 other boat MONKY HARKBT. SlINDAV, August 3?0 P. M. The stock market closed yesterday in a state of da preselon greater than has been experienced at any time within the past twelve months, and there is evidently on the purt of holders of fancy stocks, a deilre to get rid of them as rapidly as possible, without causing an undue depreciation. Itailroad stocks have fallen oil' as much M an; other claw of securities, notwithstan ling the favorable monthly reports made by each company, of In. come; and such is the want of contldcnce in the public mind that those who are disposed to purchase at prices ten and twelve per cent above those now current, wilnot now touch them at ruling rates. Stocks of a more fancy older, are almost entirely neglected, and have, therefore, fallen off more largely in market value Government and State securities have been comparatively quiet. Capitalists looking more to security than productiveness, have been content with such investments knowing vsry well that they will be the lastto feel the effects of a tight money market, and that at any time they can be realised without serious loss. In times like thesi that is a very important question for consideration. Such is the upprehenslon of many capitalists in this par ticular, that they prefer to let their means remain on deposit in bank, without interest, so that the principal oar be commanded at any moment, in case of au emergency A want of confidence in financial and commercial atfairs has, therefore, a tendency to increase deposits, and ac. cumulate available funds in the hands of capitalists. Such a state of atlairs exists at this moment, and the effect is likely to be most disastrous upon that elass ol business men and speculators who have ventured so far beyond their depth us to require aid to keep them from sinking. There are thousands in that condition, and we see no way of preventing a crash among them. The ease with which money has been obtained during the past two or three years?the low rates of interest which hare for some time past ruled?the facility with which any one could obtain credit, and tbe recklessness with wbich people have entered the various speculative movenit uts of the day? particularly operations connected with California?have placed many in a position little able tc bear the slightest withdrawal of capital from the market, or the slightest change in public confidence. The pro* ptneity to use credit to its utmost is so great and so genera* among lut* mrrcanuie cuirwn, mai vjyry opportunity to do so le made available. Tho effect of tsu -h an expansion never sterna to enter the minds of those concerned. Revulsions in former years, which have been the result of such fatal errors, appear to have passed entirely beyond recollection. The recklessness of the commercial ( lasses Is, without doubt, Incurable, and it is a useless expenditure of paper and ink to warn the public against past errors. We have done so repeatedly; notwithstanding which, we are now upon the verge of a revulsion, which we fear will e<iual in intensity and extent that of any previous period. The suddenness with which tho money market contracted, and the rapidity of the contraction, produced a panic in the public mind, which, for a time, threatened the most fatal consnjueuce*. The effect has not as yet been so disastrous as anticipated, but we have hardly yet teen the beginning of the end. Hundreds of bonsee in this and every other city in the Union are struggling, staggering along, like a foundering ship at sea, previou* to pitching headfc remott to the lowest depth of the ocean. Hundreds ol merchants and speculators are at this mo mcnt uzable to tell whether they will be able to pre rei ve their mercantile existence another week, and no. thing prevents an immediate ditsolution but the hopethat some favorable change will take place in their affairs, to ktep their heads a little while longer above water. During the past three years, we have been rapidly running np an Indebtedness to foreign countries. Our im ports have so largely exceeded our exports, that during a period (f about two years, enormous amounts of oar public securities were r<milled, to liquidate the balance against ua. Fortunately, at that time our public credit abroad was very good aud our atoeks were freely taker by Rnropean capitalists go long as our supply of th< tight kind of accuritits held out. there was no necessity 1 nnlf fr?p nrv aIViae wrow t,f oawino individual obligation* were replaced with government mid ?tate lia bill tie* The operation of thlf movaaient tun up price* for public stocks to a very high point. and tiny btctme permanent investment* lu the hand* ot laige capitalists. Yi itbin tie past year, specie ha* taken the place of dock* for remittance, and thtv shipment* htvs been very heavy. When we were rending oat from Ave to ten millions of publie "corrtie* i very month, year after year, It was a object of cn {latulation, and great joy wa* manifested that Am*ri. can credit stood *o high in Kurope. The cause or eonss* juences o(sycb remittance Wm hoi for A Tnfimeof. vor^ 'tdcred. and the wtekly report* of transfer* of t uitec Mate* sixes made to foreigners, were suppoaed to be the Best evidence Ip the world of our financial and corn* nereis I prosperity and progress. Mot the first thought vas given to the annual drain upon us for the payment if interest upon the enormous amount of such remit* lance*, or up m the ultimute effect t f such indebtedness o foreigner*. When the shipment* of rpeet* cim? nenced. the scene was changed At first they created to alarm, a* It was the universal Impression that our rccilpt* from Callforoia would more than counter lalance the exports ; but as time rolled on. the shipnint* increased, until they reached an exteut well cal ulated to cause the most fearful appr- bonslons, a< wil' ro w-m vj vur UBVSVtS BiaH'Ifll'ni : ? Hrrcii; rioN tub Fo?t or Nr.* Yo*m, 18*?1. anuary f.l,2fi?W0 May fk/MHJ.lKX Vbruary 1W)7.?? June 8.462 00? larch .8 000 Ju y II 004 000 lt.nl 3 462 000 Total ViiOOJOOO Id *evrn month* the * Xpert* of xpesie from thin part xcetd.d thr aggregate *hipment* frotn the t'nited Stat*-1 i ?ny prevku* ytar within th" hiitory of the eonatr*lie total receipt* of Calif .rnia gold du*t at th ftvih*-." tatr* Mint. Philadelphia. tbia year, up to the lot of uguct. >lightly exceed twenty-three mlllim* of dollar*. 1 therefore appear* that th* export* irn.n thi- port bar* uriug the flrxt even month* of the year been u-arljr ?o million* more than the Import* from California Th 11J mine* of California bare not kept up our aupply of ape le preriou* to the let of January laat, but we do not loot, pen thla a* an unfavorable feature, except ?o far a* lb,. Tret may he upon the mind* of timid capI'alixta 8" og aa we are indebted abroad, the ahipment of xpaek payment, 1* much better than remittance* of *tockr n exportation of *p? cie I* calculated to hare a Torable influence upon commercial all air* In two iy*?flr*t. by checking a further expanxion of edit* and price* at home?end *econd by produe g a greater abundance of money abroad?genelly in the mo*t extenxire foreign market* for cur pre. ict*? a more active demand it likely to aria*, at better ice*, which would aid materially in relieving our In l.tedne**. The < xlxtenc* of an unu*ually large amount 'p. oie in the vault- of our bank*, is sure to create a rre.| . nd'ng e\pau?i n in the movement* of tho?, I dilution*, which Invariably lead* to all nortt of *pe;n. inne an ' * ?-?wfun in price* or evety <i*?criptlon Oj rehandi?e?in fact. to an artificial, unnatural. disease,' it* of trad*, in all it* ramification* ; wherea*, on thei*r band, a moderate amount of *pecie in the bank* npela them to more cautiouely, a healthy ebeck I, .rrif up? n indiridual operation*; prima do not beem i Inted our import* are kept within proper limit*, an*.' rp"glef?? i-le - rapid hut me re permanent *n i np r mora eutetamial ba*i* There I*, therefore, In out nion, only oca way to bring thing' down to a propel ' I, and that i* hy large ehtpmcnta of epeeie, until the ?noe of trade ie *>|un':ia*d and the speculation e*r.igrre, ami follie* of the day are removed I matt<ra eettie down upon a anund. ?thong foun. ion. There I* no d.'ubt but that the effect rurh *htpm-nt? wid ho m?at di*Mtro?4, mo*d il. to prrhapa hun t" I* ; hut in thl* ea?e partlai will he tinivct nl p,< , I m,,| delay may be the ruin o( ? wh? re n< ? ?t, -hi f,4|| Hy arresting thw fln?n eptdemie in il* early rtage*. thooaand* maybe *a?ed n the rwT*pee of the ln*idkna* Jtaeaaa. We truet the < 1 fallen of rpeele will continue with unabated vigor i- . I I'll ote .f .,fl ?>r* etid* i:i "u financin' r ii I. .... m world We miif't keep our -i. -k* at ie, Million* of do'lar* are now teken from u* every d* < f foreigner*, and it I* lull time we ?hotihl *top ng to II at annual drain t" In the vaoile of our M ton mueh dead i ip'tel t?y paying our debt* with S earreetat once ad at umulation* of iateiMt. to H

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