Newspaper of The New York Herald, October 27, 1857, Page 4

Newspaper of The New York Herald dated October 27, 1857 Page 4
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NEW YORK HERALD. 4AHIIGORDON BEIRKTT EDITOR AND PROPRIETOR. tTTTOI N. V. CORKER OP PULTON AMD NASSAU VPS* TBMIfS meh to ruivanm. rue VAIL T HERALD, tm.|7|xr aMan. WEEKLY HERALD, nwj &ili<i(iy, (U ?ijr <*nt? jw OB>*. w SO pw aiwnwn. (A. European editum. %i per annum, to ?Ki ;*i-f ?/ Great B'tlcir., or $6 to any part oftAf Cbnlirxnt, both E? inrludt portage THE t AMILY HERALD, trery Wednceday,, at/our eenu per gBp* or K twr nnrur ^t'OLYKTARY CVKREc'PP\DKyCK, containing important mmr: ? alynted <rom nis 7n.1rl.-r r r (>ir irorlsl yriu bt liht rtl' l ? for *A~- >0K POKKU.N I'OEkEMHIIDEETS ABB Par W -AlilT Rb<JI KSTED TO bkAL all Lettabi ajid Fallals* B* t'l JOb I'KllfTItlG executed yritb neatnett, cheapnee* and dm |Nlf'} A DVEFTISFMKyTS rwir?f Any; adr*riiA*mmt* in ?rr-'-l (R the Webblt Heuald, Pabilt Bekalp, and in the CWt/WTiia and European Edition*. WoIubm XIQ No. NV6 AMUSEMENTS THIS BTRKIMO. ?WOi ONTAT THEATRE. Bj-mdway-fALST-Il. Oat allo EY.ko IRAJKLCPK GARDEN Broadwmy?Bsckkt Makhiagr-Flora awc ZtnirE?Bobeai.I ROWERT THEATRE Bowery??BRIE BuiHBS ?IaATITTE ? AIIO or LAVES. BURTON'S THEATRE. Broadway?Oppeelte Bond dim Maiebtb?Mr Wira's llnn.-i W M.^AUK'S THEATRE. Broart way ~ P AST ARB Preieet A-ClSRIOI. OK LOVES ARB HflRAfB. JAl K4 K EE NX'8 THEATRE, Broadway?Bikm or Psev x-lt?r BifmTMiunw BAR NUN'S AMERICAN MUSEUM. Broadway?Aqu aila V HtMiO rBATS-Cl.ARACTKElETIC SoEC, CUBIOBITIES, AC. WOOD 3 BUn.IiTNOB, Mi and IAS Broadway-ErmoriAB El nrrai^T-DA>?lME?SURIRr<AOB? -Makiueii A Bokirb. MRCKANtrf ham. ?T2 Broadway-Kaaio Meiopieb Mt '..aamub -The Moortehars. NEW OLTMTIC THEATRE, Broadway?A Vakiett or ?vKLE(<dOEr. Nboko Bosee. Ac?Kibc or Jlvbs. TyvTEE HAIL, (PS Troadway?Patrtircb Uarbtkatitb #v IT,. Kam i arctic Exj EPtTiOR. Ad. 9iw York. Tundhy, Ortrtxr *47. 1837. ?Ails for E uropa. THE NEW TORS HESA'* ?r TTC.S POK EUROPE #"he OubenI mail MdamBh'p Aita, Copt Lot*, will leaue At* port *0 tnorrcw Tor I Iwpoci. t> Merepeon ma'A W.. tlsas IE lbs c ty at half pott tvi* o'otook Is the momfg The Kwcpeoa edition cf the HjduU'. printed in French Eci inpEoh wfE he pub :thai at tea o'olocs in Ute morn IB* tangto copies, ta w rappers, fU eenN. smhBor'.pUOM and alTerUsemeaU for say edlUos of the ?1 * TciEE Hmu 1 wU: he reeetTsd at the following plaoee r, Bowipe.? or <ib .. Aaaasoc few, ft* k Co , 47 I ndgate hllL Ad uropeaa feapresa Oo , 61 King William Bt -.l i Ana ; a/opean h vpreaCn ,81'laoede it Bonne L am 'bl-European Kit.reel Co., S Chapel street ?. Roart, l?* l- sobange street, East H>nn , An. Koropcon Ijpresi Co., SI Hoe OorneUle. The eaeieesB of the > t ropeu edition or the Hbeald wll ?oa-ble* the news recelred br moll end telegraph al the Btnoe dartaf the prerloae week, had np to the boor of m h: oacum The >rwi. The steamship Persia which left Liverpool on the 17th inst , is now due at this pott with three days ka>r European new*. The Star of the West, from A-j inwall. w*h the semi monthly California mails Itrd treacure, will be due to morrow. Per several days part vessels arriving at this prrt rti-ct: having experienced heavy gales, and doubt k - a good many disaster* have happened. The td ip Patrick Henry arrived heie yc-terday from Linden, having on board the captain and sixteen XL* r belonging t?? the British bark Athenian, which V< -eel she fund in a sinking condition The brig (jerertU William* brought in the captiic and five n cp of the schooner John Hani-, which wrecked on the 21st instant, while on He fh-sepe from Philodelphii for Boston. An unknown schooner was iejK?rted ashore rf tie lLpiiiaiids yi-.teraay afternoon. The wind 5* from the northtast was very heavy at in terval*, and the veistl* at anchor in the North river tu 6 at (J a-entire dragged their ant tors, but with C<t receiving any damage. The tide, in conao Vjrirce of ti e northeast wind, was unusually hign, t*i ' tg a number of tl*e pier** on tbe cart side of tl c:*.. A quantity- of flour on pier No. 7 was con r?< rkl-'y u urcd by the rain, and many of the eel h> wt: i fiil< d with rater. We do not hear of any ft ii.Pft rcuirid by vc~iou? at tl?c wharves. The Han*burp pi oj slier Bcruaaia, Capt Trautman. anivto at Uik pert yeeterday morning from ilarn l . tp In* if kft that pi rt en tbe 1st in-t. She fii .xp-s 131* flirt ard M* oud cabin and 32s steerage pt -tcgi/v. On tic tb .ort., when north of Scot kad, in a fcaxfu) hurricane, she broke one blade of tti propeller, ..nd put into (.rt< uock for repairs but find np rn do* h 11 th it port sufficiently large, she j-ccc? c< u ti ! iverpooi, and after making the necer Mry rrpa > thence t>u the IC.b lust, fur Now N "1-k She srr.vtd oti Sandy Iluok early yc?U.rday )ni rmng, but wa<- obliged to lay to aevea and u half hours fci a ]?ilot. l'or s propeller, her parage from Jiitcrpooi it a um.tikably good cue. A m'rtirp of the Poise Commissioner* took pl.<ce yr.itcrday at thi Metropolitan bcubpiarters jr V hite street. At the appointed Lour the kail w. v a* crammed by rxpectanl . of Metropolitan tin-Unctto'i, and the ante room or the Commia hkoere' be* react was .nil of those who awaited ti- Cis^mia iorar> f rrseace to dtv*lcb their pri *%.'< ami public ..'Jut*. After waihng I t half aa ho- r tue icporters u**d other* were informed by the mitrcjciiUB Celt-cru*. "the meeting is adj mrnt-J 11thhalf past on* o'clock to day. We were inform t) at the 1-0' nc*>-1 dure the < "mu.H-.oner' ?w of a .uf* ?tl cL*r* tor. After considerable delioera h a, a, d cot ml ta Una with hi* fr tod* in and out of tic Cot iiil-fcion, Mr Kuncon l?rhp<-T has c u uied, V cderwtand, to nc ept Uie scat to the Board to Whirl he was recently lie* Ud. lie will probably ck #c to-doy. 1c tb< meantime Mr. Draper ha* been rt d enter Jx tlaik njmklicaii party because he rt t U e-ign b.s seat rather tlian *it in u Board whr e hi- iBfltNBoe was piactically uul'ified by the a- of a partisan majority, i hi- condemnation i) La-iwr. part; leave* Mr. Draj** r untrammelled, m.<1 he ran now, if ne will, do much to uiike tne M i i pc* Ann poiioe efficient in protecting the I ves ktd firperty of our citiaeoa. T.-e Board of Supervisor* met yesterday. The It, crt vn favor of increasing tbe Nakry of the C.trk C4 tl? M* ...? (.curt to 12,*>00. and the *a'ane* ot L dorut-wln proj^rtivD,woe. after ooBMjtrabW fia a't, adopUoL The reputt in favor of paying ft ,4 2-for ic&itmg the upn-m* t vart ro ?m* wa? XT ; ocjCuUid. in order to oataic a certili' ale from th* 'udrr*?of approval ol tn* worw and rea f :<Mmiw tf the charge* 1 he C< ut)ty C.frk was w*' Lovi/a--' to employ an e>tra ikxkei n.rk for six |B< tithe at tbe rate of IrtKi |wr annum. in tl* B^ard of Albermrn last evtniBg uoother ff.Uii was pr?*nte<l frotti Stephen if b an-b praying to U reimb- mad for expcaditi rw. ir,. urr*i cm ^ f tto uivrsbgation of O. V . Mam* L"a uativi'.y. Jmcph Hughe* and P. Mi.rpby M-at to an off* r to Cltan the H'.rcct* for tloO.Ou'J per anrmm. pa>a<*le mi thly. W ith tl.e view to affording cuipuymeo', tofs'ioirr-, a -wolutioo war* oflbrrdaotb -rUiag th <c.i[troller to t.Jvo.-ii* for pft>)MMBls for gm lin liaii. toe s*i'<ate. Rcep* naiblc partie* have already 1*?; wed v give u premium for tb?- privlleg' ??? do MV tni* work It was referred to the Finance torn. M> "t. Tut n pert* for a&*i agulnet remotriag tn* lt<- d.Qga of toe Notth river and Stuou ateam wits *v pditlf ilwvt Canal and (lrar.J street, wjfi hwk.n ap, aad titer wwoe 'Inci.-wicn *aid asid* till ?" " <ay iml 1 hi board <g Coup* nmr were In *?im an even lb* aratinsact. 1 Dut?*raba -ootine 5 m rrport of U>* V|? ,,tl *: ,mm"te' who r.\ainir?ed Me 1 ina..eia* I> ;??ta><?t was ruale the spoc ad order Ttur*i".? y. Tb* ot .ane?d*iiU/j bv the Al tk ;m'< a c/ang the issne ot f2'>'t,0 i' le id' for Ic.jauviw * cte in 0* ntral pwrf w v laiJ on th* table. Jt wt!! uno< tltcdlv br a<! j ted at the -i* *t nri** * rig. Jl e late lusrieer of fa***, m a *<: ?rs .nicnticn, ca ea.|iA? hur?rif fmr implkatioB* *>f malfewan e th tki (tpdft vi tw \r-\+: V v ft vkt Vvd?i' trol'cr's tffiiri. The contact with th? Hiilem Gas Company for lighting gm* vu confirmed. The tiiml ot FtmCerick Cue**, charged with the murder ot Oecar G and val, at Hole ken, on the 8th of July lest, (ommet oed at the H ideor county, N. J., Court of Over and Teiminer yeakrday morning. A. ju y was leidiiy emparnelled, an J Mr. J. D. Littelb * ie District Attorney for Hudson county, opened ?he case for the prosecuton in a very clear stafo ment ofthe case. Angelo Birmingham and Louisa Mai celt were <x>tnrncd at length in relation to a ciepu'e which occurred betwtcu Grand val and ( neva in the early part of the day of the unfrrtu ratc occurrence, iu which Grand val compared Cuevu to ecme awine, and Cueva dared him out to fight. Dr. Elder and Dr. k8chaubert testified to tLe death ct Grand val from a gun-shot wound. Frederick Terylaid testified that Cueva was in the habit cf carrying a pistol ? and identified a pistol found on the sidewalk after the affray in which Grand-val was killea as belonging to Cueva. Justice Wnitley identified a Le-.vy headed cane, a two-barrel pistol, one of which was loaded, as belonging to Cueva; also, the ball which was extracted from Qrand val'a brain, and a straw hat, worn by him on the night of his death. The case is progressing with much vigor, but will occupy several days, A full re port iB given elsewhere. A meeting of the German Society took place last right, at St Matthew's church, Walker street. The object was an alteration in the by-laws, which a coin ruittee appointed by the last meeting in February had prepared, for the more systematic arrangement of the Society's affairs. Owing to the inclemency of the weather, theie was not a Quorum (51) present, and the meeting adjourned until the second Monday in November. The Bank of the State of Missouri, and the Mer chants' Bank and Southern Bank, at St. Louis, sus pended specie- payments yesterday. The Republican and American fusion Convention met last evening, and nominated Messrs. Welsh and Cllman for Regl-ter and District Attorney. Ibere wers no Mies of cotton reported jeetwdey, while I -Ices were nominal. The only more meat cjnsl?t;d of ihlpmtnte to Liverpool on owners' eocoant. Floor closel Ieavy, without change of moment la prises. Tfle stlei wore to a fair extent, both to the looal end Eastern trade, wbl t aoine pcrcbaten were mate for export. There was a jo- d export denied far wheat, and eatee were pretty freely made, closing Orm Icr prime to ohotoo tote or Booth, era white and red, wblle common graden of Western, In cluding Chicago spring, were easier. Cora was lias buoyant and scuve, and sates or Western mixed were mede ?t A8e. a CPs far sot ad. Poik continued to be held with Prmnees, end small sass or mess were mede at $30 76 a fi'ii The esits er sogers were cocflaod le steal 100 s SCO fcbds., el steady prices Coffee was qitet Fre'ghls were firmer, with more offering for Eoglteh ports. To Liverpool about 40 COO bnsbels of wheat were engaged In bolt end bags at 7d. a fid , wl b floor el Is 31 a 2i. fid ( 100 ttsrees new beef, and 00 do. old at 6s. Kites to Loadoa exhibited more flrmnem The reoelpte of bread stiffs for the forty right boors ceding yesterday morning Indicated an I nor rase oom pared with those far the same period a wees ago, and proved that product was la rootlen. The rsoelrte by the Hudson river embraced about 37.0CO bbls. floor, 0fi,OCO baahola wheal, 38 WO buabeia Kirn and 11,000 huahtte barley. About 4,000 a 6,000 bbls. floor oama orer tea Erie Railroad. rise frills?Wllllani Llsyd Garrison's Hani. Mln-Carloul Alternation! bilWMn Uw ?livnjr (ioutloii u< CM M?o?7 ?i?MUoii, We publish this morning a special proslamv lion from William Lloyd Garrison on the finan cial evils of the day. and their caul's ami 1 remedies. The abolition venom of thirty years accumulation is concentrated in this venomous document, and thus we have the whole creed, theory and p'ogramme of the radical aboli tionist at a birdseye view. Reduced, however, to a single word. Garrison contends that the great and paramount cause of this monetary re vulsion is slavery, and bis remedy, at all hazards s the al> >litiou of slavery. Tli" particular purpose for which we publish this ferocious blood and thunder Garrisouian manifesto if indicated in its first paragiapb; and in the allusion to the important fact that the Northern I'isuuion Convention appointed this month to assemble in Cleveland, Ohio, "if hu lift) J-tmii <1 di-itaUr to pott/otw to a liter /-mW, on account if tht jnralytu with which the whole \ lountry hat been ttrvck in rcjord to all iu financial ofcratioru and lunnett rcla fior. " dust fo. And not only has this pro jected I>tsunion Convention been driven to the vail by this financial pressure, but the whole programme of the slavery agitator--, in all it* parte, ha.-thus ls <n suspended and superseded l-y the sup- rlor I jues arL-ing from broken bank broken tie rcbanU ?u*pended factories, a disot oerul currency, and the uoiver-al ovet throw of business, of credit and confidence. In this connection, the striking fact piis.nts lb self that the agitation ot the slavery question has ouly prospered In our sca-ous of financial anl commercial prosperity and inflation, and that with cvtry fi eucial revui-ion it has beca driven into the background A brief historical re vies of the curious alurnatioe* betsien th< slavery qui -tion and the money question In our political i t!air - will illu-lrate what we mean so forcibly, that we cannot reftain from giving it. Tht fijtt necessity with the Oigaiiiziti jo of our present fed?Tal --ystrm was money, a regularcur ? reiicy, and u regular financial and commercial sy?-U.m. These p.actical i cues, with others, upon our federal syftem and our foreign relations, con trolled and ditided our political parties through the administrations of Wa-hinrton. Adams and ' Jeflefwon Lvrn the acquisition from France of the rich and i xtonvive i-lavi holding territory of l/ouiriana. with its 4<>,00?J slaves, excited no sou nation in Congrers. nor In the country. , on account of slavery. ilut with the year lMir the cou-titutlonal limitation of the African slave trad- expired; and with the extinction of that lucrative traffic oar phi unthropists of tb?* North began to dis cover that then was something wrong ia the in stltution of slavery itself, as exiting In the Southern Ftatee, though still recognized and pro fectod by the constitution In the famous Hart ford Convention originating from New Kngland's commercial hostility to the war of 1812. the slavery question first appeared as an element of Northern political agitation ; but the exig?nct s of the war, the public debt, the public flaaut e, the bank question, Ac., still kept the political agitation of slavery under the hatch s. until ord( r. system and prosperity In our financial and c< nc .-..rcittl affairs hail been secunsL Thus. upon the question of admitting Missouri i Into the Union, (1819 '20.) the slavery question to* to tin: surface. divided Congress and th? ' country into two sectional parties, and seriously j threatened the dissolution of the Union. The Missouri compromise, Lowrver. proved a satis factory arroistiee: and upon the slavery quostiou sod upon our financial and commercial affaire. a comparative calm Mcoo<d"4, which ifasled to the first election of (I iinrai Jackton in 1*2* But with the next year the war upon th*1 United Stan* Bank eom imncd. and this war and its tremendous and ili* aetft us cous< qtleucos Kept the political parti' h of t'?e country actively employed till the year 1810, v hen. by the mo"t rt mark able of all political re v ilatioo* Mr. Van Lun n and the democracy ? er< swept out of power at Washington. In all tLg interval, (rum UdQ k iolO, tot slavery agi (ation, exoepting in South Carolina, as a seo tiooal aid party question, remained under the table, covered with c bweba, and left by all par ties to the care of General Jackson. Bat ui der the administration of Harrison and Tyler we emerged from our financial and com mercial troubles, and weie again on the high road of an unbounded material prosperity, when the Texas annexation project was sprung upon tie country. Instantly the slavery question be came the controlling issue; and but for that little injudicious lvalcigh letter of Mr. Clay, this Texas experiment would have resulted io his election, and in a; resting the democratic policy of imme diate annexation. That Raleigh letter turned over fifteen thousand Clay votes in New York to Biincy, the abolition candidate, and this diver sion gave the State and the elect'on to Mr. Polk by a plurality of five thousand. Since that day the slavery question has be-.n the controlling question in our national politics, involving, with every Presidential election, and with almost every general bill in Congress, the inevitable dissolution of the Union. But during all this period, from 1814 to 1857, our financial and commercial affairs, in cluding the government and the people, have been in a flourishing condition; and thus the inflation of the numerous financial and and slavery bubbles of the North has progressed, until, in 1856, we find the North overshadowed with a great anti -slavery party, and covered with burdreds of millions of all scrts of wild goose paper speculations. Now, with the collapse of this stupendous schedule of financial bubbles, the slavery agita tion collapses, and w ill again be kicked uudcr the tabic, to be resumed "at a more convenient season." The reason is very simple. Events and questions which touch the pocket of every man arc superior to all the "aggressions of the slave power" and all the benevolent impulses ot negro-loving reformers. An ti-slavery philan thropy and the abolitionist's hatred of the '?-lave oligarchy" are luxuries which can not be indulged to any extent in the midst of a financial revuloion. And so this projected Northern Disunion Convention has been indefinitely postponed; and so. perhaps for several years to come, Garrison and his little gang of radical fanatics will, in the North, have pretty much the monopoly of the slavery agita tioD. The political parties of the country mast be re-organized upon the new political issues of the country, and they are comprehended in the financial and commercial evils of the day. Ne gro philanthropy, which only flourishes under a financial inflation, cannot maintain its legs under a financial collapse. With rotten bauks and everything else that is based upon false pretences, the anti-slavery inflation also collapses when the hour of the reaction arrives. Nothing but hard cash and the principles of common sense can stand the test of a financial revulsion. TO* C'rIUa In Kuropc, The queetiqp to w hich our ablest financial au- 1 thorities are now devoting their attention is not ! with reference to our crops, or our dry goods , dealers, or our banks: it is whether or no the I mxt mail may not bring us accounts of a sospen- J sion of specie payments by the Bauk of Engl vnd. Tor several months past the Bonk of England ha? been In an unsatirfactory position. For over a jear the Bank of France has be? n sustaining It s? If l-y flawing specie, at ary sacrifice, from the Bank of England, and the lut'ir Institution bu vainly endeavored to countervail the current by raising tb rate of loteiest, curtailing discoants. Ac. A ft w months ago the tide was somewhat I checked, and the bonk was able to relax; but within the past month the drain has r vived afresh. OLd gold is uow crossing the Cuuuntl in large amounts. Upon the back ot this comes the Indian diihculty; namely, a war of great magni tude, to be carried ou at a du-tauce of s -vtral ti ouwuid miles from home, and at au enormous 1 cost, the wkol- of which w ill have to be p rid in ; specie. The trade returns already published , show that Hindustan fcas absorb d the bulk of ; tbe specie produced during the past few ytars; if she absorb? the world's surplus in time ot peace, what will she not do in time of war. when u i immense British urray has to be supported aud pro\id- d with materials o< war on her soil? \V? believe that the figures will show a monthly ex port to India at the present time of lull fivf mil lions in gold. Then, upon the heels of this, arrive* our Arm rican crisis. The fi**t ?nd mo?t irresistible con- | sequence of thin in Figiand will b* an export of bullion tor tbe purchase of cotton and a certain quantity of l?r? ad. tuff? in thia country, Th-rc i<? no dkptuuug w itli cither of th>se. A want ol cotton would precipitate u popular outbreak. Toe people must have American breadstuff*, There is, moreover, a hiiid-oan- proflt, at the pro* nt rate of exchange. on the export of bullim from L'lgiand to tbe United State*; and it cm not U < xpcctcd tbat all the banker* and mer chant* will, from a patriotic fear of the con*e queuce*. fcrb< ar to realise this profit. In a word, whatever dunger it may involve, and however tl< governmi nt ?;>d the bank rniy try to*top it. it is c-rtain tkat nold will be *b!pped from Great Britain to this country until (he rate of ex change c use* to alloid a proflt on tbe op-ra tion. lLequirtion then, eimply resolve* itself iDto another; How long can tbe Hank of Kogland con tiuuc t?' pay rpecie. while *be i* drained allk for tbe necessities of France, I .alia and this country'1 Shi bar, in round figures $.V*.ihj0.ouu at | rtf nt in vault, ami *be may be; said to rn ceivi 11,0t)t?,0'M) a wick on the average troui Australia. from f'-aiifornia. of course,she will rct< ive nothing. Fiery merchant ard banker can answi r the problem. Of the proliable ooornqoence* of tbi* revul sion ou the continent of Kurope, we cannot speak a*yet, with any degree of certainty. The fioan cial c> mmunitie* of mo*t of the great cities of continental Kurope have for the ia*t year or two Isvo t-o intermixed with the op-ration? of th O illt Mobil let and it* branches t hat they it-awe CW* d to lie potffned by the ordinary rub s of trade and fioanoe. l'or nearly tso yean I'tirl* has lacn c>n the verg* of a financial revulsion; Vienna had a panic five we-ks ago; and Midrid l.a* b* en in pecuniary start* mom than one during tbe pa*t y'-wr or two. But just at the tirre ?. h?n nceording to all the law^ of 'nanre, the buhMef maintained at th ee various centre of -pe< ulation should have collapsed, som imp*

rUl or other hand ha* b> en outstmtched to avert tf?e er.ta* tropin. and a docile prr?s hv Informed the world tlmt the ' panic'' had blown over and confidence was 11 stored. It would seem judging on general principle. that tbe pn-* nt crisis ? oi -U to giv the finishing slroke to rich con c? -n* n? the Credit Moblliir, and to knock away ?h? l-sris of the rotten concerns which clustered ro- nd lliat p'gantio sham but ft is impossible to say anjthing about It. As to pi it ale mcrvhwuU ami baufcute. titt Laiwc left Ik fore the fall efleet* of 0Qr deters had beta felt, or at least made known. It was of | course well understood in London that all parties comected in trade with this country, and more eti ec-ally the manufacturers who sell us good* ou credit, and the Anglo American bankers who , ia Americtui securities on the London mar t most euffcr seventy, and must, in many in- 1 rtiincts, go down within a brief period of time. I It is ldely that there will be a vigorous cfTort on the part of the strong banks and capitalists to tut-tarn the most widely known banking firms on whom this crisis may press; but, unless the signs j ci the limes are very far from the truth, it will soon be bejond the power of even the richest tifui c.i the strongest bank in England to do more thsn sustain itself, and not even the Bauk of England can undertake to carry a weak banking house through the crisis, without endangering its owu Bafety, and the whelc financ'al fabric of the rcaira. F?illJfS la th? Huatii?S|>e?eb or Jafr?rs*n for th? Virginia Senator Ulp, We publish to-day a condensed report of a speech recently delivered by Jefferson Davis to his constituents at Mississippi City, in relation to the political questions of the day, and also a let ter from one of our Washington correspondents, narrating the oourse of the contest between Governor Wise and Senator Hunter for the Vir ginia Stnalorship. The speech and the letter i come together very appropriately. Tney com bine to give a pretty clear picture of the state of I political affairs at the South, and of the contest now waging between the conservative and the ultra State rights portion of the democracy in that section. | Jefferson Davis, in addressing a Mississippi ' audit nee, had no need, even if eueh were his ' habit, to mince matters or to be very cautious iu the expression of his views. In this speech he was as frank and outspoken as could possibly be desired. No one who heard it could en tertain any doubt as to his views of the poli tical subjects which he undertook to discuss. The attempts to get possession of Cuba, either as the result of purchase or of armed expeditions, were to hiin most praiseworthy efforts; and the more recent filibustering att< mpt to seize Nica ragua wus equally laudable. In his opinion, the fad are to acquire Cuba at the time of the Black Warrior affair was owing to the cowardice or stupidity of Congress. The administration, of which he was a member, had done its pari well: but Congress was Dot equal to the occasion. Af to Walker and bis filibusters, he defouded them /rom the charge of having violated the mutrality laws, and held that this government had no right to interfere or to prevent their ex patriating themselves. Slavery he tulog/zel as a moral, social and political blessing; and *,nat ter sovereignty he ridiculed as a fallacy. < As to the Kansas question, he was no less ex plicit. As his views thereon may Is? regarded as the sentiments of that ultra State tights, fire-eating .Sou hern faction to which he belongs, they are of great interest just now. He Loldr that Gov. Walker's inaugural ami his Topeka speech were altogether unjustifiable on lu-part, and should have motived his removal; but he is willing to admit that the President may have seen difficulties in the waj of supersed ing W alker. and that Mr. Buchanan should not U held responsible lor the Governor's sins to the ( onventuu to frame a constitution for Kamas. Mr. Jefferson Davis thinks it would be justified iu refusing to submit the constitution to the people, and that Congress would, under such circumstances, admit the new Mate; ami h thicatens Mr. Buchanan, in the event ot his tnk- 1 ing a course opposed to this view, with the abandonment and desertion ol'the South. This is an indication of the policy to be pur eed by the ultruistv in the K tnsas nutter, if the I'rceidont do.* not aid in the scheme oi d - frauding and disfranchising the people ol that l.rritoty, he must be prtpared for the wrath aid defection of Jefl. Davis and the fire eaters of the South. Mmilar indication* are taking place in the course of the contest now going on In Virginia md reference to the 1'nlted States Smatorship Tin re. too. the Kansas question ha*. aaeutn. d on bearing* One of the candidates, Senator Hunt. r. disapproves ol Governor Walker's jours., and entertain bo scruples about cieatirg the ' people of Kansas out of their right to approve I or diMippn vt me cou<-.ituuon t<> be form-d or Uieni. Governor Wire, the rival aspirant, take i exactly the Ciporile ground on hotu tL ?e potato. Tl.v. contest there will l?e u bitter and aoimibd one. nr.d although the result will depend more oj ! the relative popularity and claims of the candi dal i- than on tbf ir sentiments in regard to Kan sa- jhI the administration. .still th > latter can ' s d rat on will not Is without it- strong b .iring on the r< suit. 1 twill betbu-i seen that tbc ultra Ian vtic- of the South -in Virginia as well as In Mississippi are : prepared to carry on a malignant war again* the impartial administration of Mr. Kuchanon. Tb good nenae and moderate views of the whole Anglican pec| a will, however, prove too xong ' for ti e prohU< very traitors ot the 3oulh. m v -.11 a flat the alx litionlst traitors of the North. S; s<Ti>n 8iv *nn am? thk Rnvu. ion.-?Som: i time In tin jour Ihfto N? nator Seward predicted, in one of his speeches in the Senate, that a sort- 1 ou- monetary revulsion would oocur In the y? u 1 - i. Thia i .aws that the Senator had b ?*n oarefuUy not ng the speculations and prediction* j of tL< II' iiii.o of those da}*, for he would have < atlhed at directly the opposite conclusion If |p ? hud t**-n guided by the opinion* of bis owu or I ran.- of that pelted, Mr. Seward. however, had ' too mart vigueity to place any faith In his owl | orpins on commerce and financ . Ilia Hpeocbee j in th S< natc prove him. In fret, to have injen an attentive render of the files o; the Nt;w York ' I flnutJi, 8om? of his organ* art digging up 1 i three prodii tlonv ond exhibiting the .Senator a* a ran- prophet. As th"y do not men to It i . aware of the sour e whence they were derived, ! wc think it but fair to taUgbtra them on the 1 subject. i F>mhm Ckx'i t Ar.-.vm Hour v t on1 ton the Sr.?rK 8r\ATa.?La a week the election tah ? place in New York,and politician' everywhere an1 as busy as the panic will permit Ow ing to thi fameM e taWtCM of tu .ation in the City and State the people are beginning to see the necessity of h odlng good nx n to Albany. W< arc glad to vee it. The doctors in Mr. Iliehard Scb? 11' district indie ah 4 Uieir determi nation lust night to ??nd him to the StaVi capi'al, while m the fourth district they are equally de tct rained on sending Mr Mather aV their replc seatatlve. They are able and OporieneaA men now understand the w ants ol tbo people about ai w- ji tu any otb.i fray could hive witch d. The people in Ktftgi county d'.itricl laxo nominated Mr. .snn.'srl doan. of whom it u? nffie'ont to ay U-uV U Us aviwuabi} qualified to cacry out the *'uba of kk ?ocaUtuenta and to secure w*ood kgialation. Nominations like theae ore wfcat V*1* people want CtimHtr OMSlilig mad Uu LMIM. The late Attorney Geaeral of the United States is a very remarkable person. He is a statesman plausible, though always wrong?a soldier who commanded a brigade in the held and was never under fire?a politician always unreliable and ofteu inactive?always taming op to receive hie share of the spoils of victory, and al ways shrink ing the responsibility of defeat. ? short time ago the Chevalier left the service of his ungrate ful country, and, like another Mtuceilua, retired to the shadow of his ancestral elms. He was there received with much honor?the drums were beaten?the banners displayed on the outward walls?orations were pronounced, and the exiled patriot was received with all the honors apper taining to a returned conqueror. There bath Aristides since remained, wrapt in thoae pro found studies aud those obetruse problems of statecraft which have made him the Richelieu of New bury port Soothed by the murmurs of the Mcrrimac, fanned by the breezes of the Atlantic, his mind, relieved from the toils of office, hasbetu free to elaborate the most remarkable themes upon commerce, kid gloves, fiaance, law, re ligion, crinoline, moral philosophy, hooped petti coats, moire antique silks, thread laces, and vari ous other matters, great and email, all of wh'ch he launched forth to an astonished world in a recent after-dinner speech iu tie classic forum of Boston?old Faneuil Hall. The knights of old were in the habit of wast ing a great dial of valuable time by defending at sword's point, the reputation of some particular damsel to whom they inclined. The Chevalier Cusbing goes farther, and eaters the list to do battle lor all the ladies. lie declares that they are not at all responsible for the pre terit financial revulsion; that their bounces and furbelows are ouly a bagatelle in the ques tion of exports and imports ; that their criaoliae did not stop the Krie Railway ; that their silks did not break the Ohio Life and Trust Company: that their kid gloves and lilliputi&n bonnets had nothing to do w ith the stoppage of the great dry goods houses: and, further, that thrir style of dress is quite the correct thing in every way. And he?the said Chevalier?makes public pro clamation that he will defend this issue alter the good old chivalric custom, llear ye. all men! the Chevalier, armed at all points, his visor down, his lance in rest, awaits the combat. The Knight of Salamanca agaia is in the field. Now. we do not yield to any man in devotion to the fair sex: but we are bound to say that uearly all ol our countrywomen who have money or credit, or could obtain either, have been for se veral years shamefully extravagant?that they are almost entirely revponaible for the excessive im ports of articles of luxury, which imports have drsined our specie reserve and loaded down our warehouses with articles which are of no earthly use, and that they are even now spending too much mom y for articles which they do not need, but which they buy simply on account of a de cline in price. Let us see the figures: The total value of the imports for the fiscal year ending June 150.1856, was $314,639,942, of which, for articles of luxury consumed by wo men, we have spent $43,624 558. Forty-three millions of dollars! That is equal to the whole product of the gold mines in California tor oae | year, and that would have more thin suffic.d to have saved us from the crisis. Of this sum $31218,760 were paiu for silks au<l manufactures of silks: (6.376,853 for laoea and : embroideries: shawls, 92,529,771; gloves, $1,314,- ' 550; furs. $*04,731; jewelry. $814,030; silk and i worsted piece goods, $1,335,247. We expended | two millions more for silk than for sugar, aud ro on. We have omitted m-uiy it?mj which I wou'd tell against the women, as it may be urged that wen con-ume a portion of the articles ah jve enumerated. The articles oinitt-?d?fnjout nt, artificial IJowers. French sho s and boots, fancy articles, and tie thou-and and one fripperies th.i* make up that wonderful mystery a fashionable woman's att ire would more thnn bdance the ac count. There is a little Item of $42,000 for per fuiucd soap which is quite n good index to the wbole thiug. Again, it mu?t lie renumbered that there figures are token Loin the Treasury rei>orts. and that the articles are vnlu-'d at soki ? thing under the wholesale rate. while oar fair country women are charge upon all such matters as laeos at l? ast m? hundred p<T cent profit. A let of laces which coet in Paris twenty dollars could not Le bought here In flush times for lean than r-lxty. It should farther b? n membered. that twinty or thirty thou-ail of out worm u either reside uhread or go to Europe nearly every i ?oiunv r. The amount of tich stud* silks, satin* 1 velvets, shawl* and jewelry?which they run through the t'nstom Uouse free, is some thing | cuofTr.uus not less than a million a year ; and I nil lu .tirirs of not the slightest use to anybody on the face oi Uie < arth. We have seen on boarn one ship a lady enter as her personal bogg ige twi r.ty large trunks No pricoess In tbe world wo .Id hare so much. Tin traretlcd \mefioaa cannot fail to hare not.ced the marked ilstinction between tbe pro mtuade lir e of our women and of those abroad Ti e 1 reneh and Euglinh women go out to walk In plain, mat. rervioeable dresses. while our- tlrng their heavy silks In the gutters. Ame ricaa women art gn.lty of shameftil cx^ravn pauce and * id taste in wearing tor walking 4mt f rolxs which ore made for the carriage or the drawing room. Store we might a'lege, lor the subject is of the deepest ii portuncc; but. statistically, quite enough has boon proved. The worst fact of all r mains to lie ftatdL As far as the qunslioa of fashion goes how a robe shall be cut, or the exact size ot a bat, or tlie measure of circ im feronce to be allowed to a skirt that Is no great mutter. It women desire to uiake themselves flu* targets of coarse jokes, it is not for us to deny them that luxury. I>ut we will put to the Chevalier (ki-h lug, and those who think with him. the plain proposition that, hp the women of America are placed on a pcd< -tal but a little below Uic an gels?as they toil not. tw. mean the worn?' who arc guilty of extra\a;pucee such es we have noted,) neither do they spin -the men have to pay all the bills-- whether so much money can be sprat for luxuries and tie a mere bagatelle in the question of exports aid import* We do not know that crinoline and kid gloves broke tin Ohio Mb and Trust Company probably the I*ift dent and Mrwtofn oan tell b- Iter. Cut the rr j-irity of our worn- a in good circumstance j ?TO drags upon :beir husband* instead of being helpmeets to him. II one docs her doty simply, it is rum; etcd through all tbe papers a* an c - '.imp of Spratau ilrtue. The infi n ace is plain that neb examples ait alrno t unprecedented. Women rarely throw away their own money; so one w uro:e prudvul and capful man who hut a fortune in ber own right; but Otoe her taper fingew clone on soother's check book the grasp of Hercules could not unloose I m. I K4 Chevalier Cushiug aska, did the womem k * ? dry gcods houses! Tee. The women i If times of '64-'55 spent twice u I k ?e they ought; they were capri "Hifflcl*,0 ? Tv ? >, oC Paris and the manufso - "d Bra-* ?d . importatiMa were nxoascked for the.^ were double what they thorn, was nothing' to pay for them wit^ The wi-i came. The N*?* broke, and ^ojiatem gioao with btvft for which thei? ? mar kit. Nowhere in the world are women dressed so badly and so expensive as in America. When' we go abroad we are as tonished by the simple morning and promenade cuslumes of the daughters of the Boglish nobili ty?men with rent rolls to wMch an American fortune is a drop in the sea. A French CountesSp with a fixed income of a hundred thousand pounds a year, will not spend herf? off much on her drew at the wife of a New York merchant whose business may give him a profit of ten thousand dollars a year, and may bring him i? debt to oouble that amount. Lot the ObmMea Gushing look at the vulgar display made at Sam toga, Newport or Cape May, and oompare it wttk the modest a'tire of the aristocracy at Badm, Brighton 01 Biarritz. The fact is, our wometf take French lorteUe fashions at second hand, and were they so attired in a European city they wculd be taken for what they seem to bo rather than for what they are. We tiust that both the women of America and their champion will think seriously of these things, for they are the truth; aud just now ws must drink the cup, however bitter it may be. We do not believe that there is anything radical ly wrong in our women. We arc willing to be lieve. with the Sage of Nevrimryport, that any one of them, were they properly Instructed, would be "as prompt to please by frugality as by luss ty. and proud to make any sacrifice of fashion at the voice of duty and love." We believe that many good women in the land will make this sacrifice cheerfully, for the Bex is quick enough in perception and prompt enough in action; Wa hop' they will all remember the lesson they are now learning; bat we cannot sincerely say tint we believe in the working of any such miraote The eleventh satire of Juvenal is as true now aa it was eighteen centuries ago. The Urns Tmr in Trouble.?The revulsion affects to a degree of which no conception can ba formed the fortunes and annual incomes of fee upper ten. During the present year neither banks, nor railways, nor any other species ad joint stock enterprise, will yield anything like their usual dividends. People wba have been living on incomes derived from investments in those concerns will be cut off from their aecuMomcd resources and thrown oa their beam ends. This will, of course, tend W diminish the business of the fashionable hotels dui ing the winter, and to depreciate the value of real estate In the fashionable parts of the city. Houses in the Fifth avenue and in the square* will lose one half, or at least one-third, of their former value. Mansions that a year ago would have fetched from flf?y to sixty thousand dollars, will probably in the course of the next few rnoulbf be sold for from twenty five to thirty the uhiuid dollars. The cheap bargains will not be all confint d to dry goods and crockery. Ilk volition ami RKvrunoN in Enron:.? Fi nancial revulsions in Europe generally precede revolution. There was a monetary revulsion on the Continent in lb-ftl and 1827, which gradtally resulted in the French revolution of 1830. The great railway revulsion In England, which spread ovtrFranceand the rest of Europe, brought inita train the revolution of 1848 and all its corse queue en What is to proceed fr?m the more n Um- ? and wide spec ading revulsion of the promt jear Judging from past experience, it nw* lead to political convulsions amongst the Eux> poun populations as severe and aggravated is their chuuctcr as the terrible disturbance ps> doetd in the financial relations of the world if the present monetary panic. THE LATEST NEWS. InltiflUiif from Washington. ??' uikn or roKii:ON MiMiftTaKf?raucu im?k? rat sniki. iriiiAFH?rnx kihinos in tib MVAi. (.or Km- UK. KICK AN AN ? UTlNION ?W MpnAfUB tit: tt?.V Litmv., arc. W*nawurue, Oat M, ISA*. t' >! -1nB rrturiud lb!e mern'nji u> VI uxugloa. ir. ?miNtki Kob ci an it ,i abteti The f ?wntrw bia a'opted roriba IL ukr/ At/In r,nr cltjr lie a.anlu* cf the Maj-jlud Prriibti Ue r?o , to; Ming of ?i tb'.,.?uirt dot in In* '10" or c ?'iot ji ift# UtIcm eta. of itul ? mm mo< l iitiaur. who on croMigftbi Platm win i drove * rltus, rtn ?|*a tontd Mali> ladtaei, kiting ? eqaiw ia. MM Th* ? b?Tl b >ri frl/idly to the fi>f a mot "ppo* < HUH" M tm'tm. Tie age at *.Trot.nodi nrtuoi oooM'i i nam. f Sett *1 U>/ rcll hti dofclM Id di/la Mr*! Unit Mo. 1. ibi cur of : m. Moclicd aw inn at*, iad too U-ort H,xr?cd nab- bitf i ul ?-? to Borrow. la Mm !??* nd CoarlB?/|dnr Tar K>r, f* He goreramiai. I that rtin. or Uoil Mnrx?o tbrn j ran mo audi tbr last three dam, "n<1 faaad bio phfMoa*^ ? for (be ttrvw Re ilao ibnght tie applicant*! aiert:. proreWooii aid o.onj qnaitOaiU'ai nrj Tn Uu Tb:-d Chart, o Uwnwiaadir H.irbie'a cut, uuJud Achrueate r?H uu ??iew to Ue pmUM of Ibe m nd I tbi ip|?Wt!iei. it Iftliard, Link 11 K, Hteraaa, !'enri. rf mi iad Capiat a HoOiat uutidid la tubatfef tba fnrerejMOl Tbia rue )? riled if nnu,.ai. id Ureal 1* Vil be rraientnrr i that urniniultr K. wia court mr fined tor u m*cu epco Uaptaia Dopnt, i auiabir at ill itst rlaf Bnard. MtauiMr mairal Urewa ho ant fat d?urertn4 O* ? m tor mi Mo i art Pm Ufflea. UM Ion witbli aae atnire of I ,-aaiway ao<l not lower dowa tbea Ubaaabaaa greet Mr higher Uiac Cam*. Hll prWemaoe U faw ? pnvi'nn ?T vbo aortbirt i*de of the Part, n?xt to Ibet a |?. rautr m bib/ atag be e> leoaJ UrtM. Or nUr Hotter i uuir U ouadoanad, I ondoretaed, bp Mr. H Wbinia. If ? <v?'d apH gv tor I'd maktig open oar apt* b? Id ftinutreuna. M mrmg gflUn VIIJ be inidr to lariaoe Uu Preatdiat u ?MlUb Uu itaff or tie M/tne norpi it Viablaftna, Bad requite tai ricraiu of Praediioa iad Outblif nad tie ?f. (ireai pane/a to per'em uu d*im Dr. tmau, o?>* Mi walled IB Meiloo rbr niay man, bif b:.l redout, j retp^od to IHU oouotr;, bai beea if pr'atoJ Vtretarr of U|Ma to Bnall i eepaiej.ea were iMttltd bore to dij rmti iinrneo Walker. Thef re ''nred to lb? eierj.rto to kboim, bM on b VKomnjb euidtritloa tf HO whole ornne, healed ip bf pr^cl tbat mvoot he roatmrvted. Reut'V arifbt ta hem, tad ltd ? lon? worrtwo wtta ?M Otwdeol to diT Uerato t 6BMt,U maontore ViBdethtrtaid Uoamoeur# Fi.wd i/'lrvl laid emiuag, aid in it Vtuiedl. t-uet Rn Itemant to Mbbui, . ?> IBM, net ?, ibit A pmidM, bj MVBntl pmv neiit rHImbi of lUa. Nd, Bird ra Ihi lit a imt, BfAing the rm-idnent ea MVM fVon Chrfbrd pre. Mt jehmtoa ooaity; aid ?? ttft? toil, after a itertoiai o: am net o. Mreare Vaitr iad Km 'on i ah,Hi a pmtUBfpBtcB ta Uu I In all <f f -edeao o* Mil :4Ui, la wb?b uiny I'prai ? datermc.itm te r?' -ot ?? I entim vote tt Olfird, and U> gleedWI.'BVbWI le tbo free Htate rab.I <?:?b Tie | t>-ier>Ai o? kmt ;?id lB.ddN tu(?dtt>%i ?Motf o? sdre it r^M'Mrr MMi