Newspaper of The New York Herald, April 10, 1861, Page 6

Newspaper of The New York Herald dated April 10, 1861 Page 6
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NEW Y0RK HERALD. J A HI K 5 UOllDON BKKSKTT, editor and proprietor. OrriCB H. W. CORNKR or FTTLTON AND H ASS 8T8. TtKXS cath to a<i'i*trr. Money ?*nt Sy ?Mil wil be at the rtJ* of the under. Hone but BunX InlU curient ?" A'mi l"o?A rMt DAII.T HKKaLD, n*o rente pf w*. , %1 per THK WEEKLY HKRALD, ewy S atur ft$y, at m omfc i* o* $3 p*r annum ; ?A? Atnym KAihun every W?iiir*htn, nl 'ir cmte por ropy, $4 iw xiuiu.it (" a?<? i"irt >>/ <}? nit Wri'Mtn. ? til M '1 to iMtw tmrt o/ Oomtinml, both irrtn.l' tluliforM i Muin. <m la*, UtA 21?? o/ *vA mwU*, at *ix rente per eot>y, or $2 75 t<e> drtnum. rrf* FA HILT HKHALlt, on IF?Jnr?nv, cK ,??r ee*i> per eopy ?f $2 per annum Volnmt XXVI. AMUBBMKNT8 THIS EVENING. ACADEMY OF MUSIC, fourteenth street ?Italian Opuka? La Juivk. ______ NIBLO'8 GARDEN, Broadway.? After aoon and Even nlng? Mnon's BovAL CliCtll WINTER GARDEN. Broadway, opponlte B ind atraet.? School or BitrokB? Jiaasant MKUiUBOK BOWEKY THEATltE, H.'Wery? AfU-rnoon and Even ing? SrALDIflO A RO'.KKH' fcaUK?TBIA? ? K H I' K_ ivAUUAtja'li THEATRE, Broad <v?;.? liiHttiKTTK? fOKTr AJfP Fimr. WAIA.ACE S THEATRE, Broad* ay. ? Ilaa aikttx ? Fokiy amd Iiity. LAURA SCENE'S TUEATRE, No SU dr iatlway - Hkvaa HitTicka. NEW BOWERY THKATRH. Boarery.-- Rao 1'icaaa or Vxw Yokk? Bi'irrisa ? Ratuunp and Aonks THfATBE FRANCAJg. No CM Broadway -l,.** C 1 MO TH KS PA LA Skim.? IkM PklLLOh ? UM A1I.IM I Tk KkTOC X>aux 1 Hi. AMERICAN MOrtEUM, B' -kdwar-Day and Evening? Fluku Dutchman ? Mkaks. *xa Uom and Olllkli CLU10S1T1KS. NIBLO'B SALOON, Broadway.? Lr.orp'n Minktukls is Bi'tujtaQUKs, Bonos, Dances, Ac ? Billt I'ATrkusoN. MELODKON CONCERT nALL, No. S3? Broadway.? SoNOa, 0 AHCBg, BUkl.vs?U*S, Ac. ATHENEUM, Brooklyn.? VAMUKsruorr's Dramatic Read xm os. TRIPLE SHEET. New York, W edncudtf, April 10, h61. MAILS FOK ETOUPK New lfurk Hern Id ? Killtlon for Unropri The Cunard mail steamship Africa. Capiuin Cook, wi'.l leave this port this af tcrnooa , for i,ivor|ool The European mails will close in tarn cit> at t?o o'clock tblH afternoon. The Etroiiun Edition ok in v. Herald will bs published at ten o'clock in the morning. Smgl.. copies, in wrup pers, six cents. The contents of the Ecropiux Et?mn> or pis Hkram? WlU combine the news received by mail ;md telegraph at the offlao duruig ihe previous we. k, aud up to ihy hour Of publication BAILS FOB THK PACIFIC, New York Herakl-Caitroriits. ?axtlon> The nv-airiKhip r.ortnorn Light, vnpt. Tlnklepaugh, wi'll ieave this port to morrow, at noon, for AHpiuw.iii. The auiiU for Gilifornia and other par 13 of .to I'aciao wiil clove at too o'clock tomorrow morning. He Nor York ffnuir Uxralt.? CaJ;,orma odltiou oentalning the latest intelligence from all inna the world, with ? Urge quantity of local M,i miscellaneous natter, will be published at half-p^t eight o'clock w the Morning. Single copies, |? wrappers, ready for mailing six cents Agents will please soud in their ordors as early a* pos i sible. The News. I The accounts this morning from Charleston | corroborate the information relative to the designs of the administration, which was publish ed in yesterday's paper. Seven United Slates vessels are reported off Charleston, but is said the supply vessels had not arrived yesterday, and until they reach there no demonstration will be made. The Confede rate States forces are fully prepared for the con flict. Captain Talbot arrived at Charleston on Monday night with despatches for Major Ander son, but he was not permitted to proceed to Fort Sumter, and therefore left on his return to Wash ington the same night. Mail communication with the lort is, however, still uninterrupted, and Major Anderson is doubtless apprised of the designs of the administration, and prepared to co-operato with the fleet. We may expect news of the com mencement of hostilities at any moment. The warlike operntious of the government con tinue to be vigorously prosecuted. The steamer transports Bultic and Illinois cleared the bar at thi* porl early yesterday morning, bound south ward. Orders were ii-sued yesterday by the Navy Department to have the Wabash, Vincennes and ?SmaDnah, at Brooklyn, and the Jamestown, at J hiladelphia, titted for active service with despatch. It is stated that the administration hope, by the appearance of an immense naval <0 rce off the Southern coast, to overawe the au thorities of the seceded States, and bring them to terms. There arc reports of contemplated changes in the Cabinet. Mr. Chase, Secretary of the Trea sury, will, it ig said, be appointed a Supreme Court Judge; Mr. Cameron will go into the Trea sury Department aud John Miner Botts, of Vir ginia. will be appointed Secretary of War in place of Mr. Cameron. '?nernor Curtln sent a special menage into the l egislature of Pennsylvania yesterday, calling at tention to the military organization of the fc'*'e, and recommending the Legislature to make immediate provision for the re- ! movi-1 of the defects now existing by esiabii. iiing u military bureau at the capital by mod.fying the militia laws and by making a proper distribution of arms. A e. He calls atten tion to the serious jealousies and divisions dis trading the public mind, and the military orga nization of a formidable character, seemingly not demanded by an existing public exigent, in cer tain States. Several causes of dispute turned up yesterday relative to the new Morrill tariff. When the tariff will be properly understood is doubtless among the things that may be looming in the future, there seem# to be no chunce of such a blessing ' jet awhile. The steamship Persia. Taptain Judkios, from Liverpool 30th via Queenstown Slat nit., arrived hi this port eany ye?u rday morning, ha\ing made e quickest parage between Europe and the < mfd Mate* on record, the time being eight days at d fifteen hours, apparent time. She brings two dayn later int. licence, her usual freight and paa wngerlist aid I28H.U0 in specie, making, with the Humt. cehed by the Canadian at Portland on Monday, $24,?0,4r. received since December 15. Ihe warlike tone of our Continental advices con tiflues. The statement that Austria wu* con ? eonlratiag large bodies of troops Ven.tia and making warlike preparations in general, is re iterated. It was said that 50.000 men were in movement. Austrian officers wcr* said to regard hostilities as more and more probable. Kxtcnsive military preparation are alao being made in France. "dvlcen from Copenhagen slate that the Dauiah government, without departing from its concilia tory attitude, I* making preparations to be ready for all even'ualitiea. The Seven *h and Twentieth battalion* art ab ut to r?ct i\e orders to march for Hrnderbprg and hchleswlg. On the 15th rtpr.l the eff ctlve of the battalions will be doubled. A| ?aitery of r.fi. ,1 cannon Is ready, and three others, ^ *' M' ,n ""'Course of next month. We ,atu* lki. m [ Puke Conitautine announcing the royal determi nate n. We also publish this morning an important speech from Count Cavour upon the Papal ques tion, together with the Pope's late allocution. In coweqnence of the 29th and 3<Hh being ob served a* holidays in England, our commercial ad vices arc but little varied from those received by the * dinting and Canadian. The mail by the steamship Canadian, which ar rived at Portland on Monday with European ad vices to the 29th ult., reached this city yesterday morning. The overland express arrived at Fort Kearney yesterday with advices from British Columbia to the 18th, Oregon and Washington to the 20th, and Han Francisco to the 29th ult. Heavy rains had prevailed at San Francisco, but notwithstanding business had somewhat revived. The whaling fleet off the coast of Lower California are reported to have taken ordinarily favorable fares. In the Cali fornia Legislature the Senatorial question still re mained unsettled. It was understood that Mr. McDougall, the United States Senator elect, was willing to surrender his present advantage and go into a new election. A bill had been introduced offering a premium of ten thousand dollars to any person who shall first grow on California soil aud pi t pare fur market one hundred bales of cotton. 1 l.e news from Oregon and Washington is unim portant. Lady Franklin arrived at Victoria on the 17th ult. from Fraser river. The State Senate spent a great portion of yes ! terday's session over the Annual Supply bill, j which was finally passed. Several bills were re I ported favorably from the committees? among j them that to prevent the sale of impure milk. The committee having in charge the investi gation of the alleged Harbor Master corrup tic ns made their report, inculpating two of the accused and requesting their re moval by the Governor. In the Assembly the Senate's amendments to the Appropriation bill were concurred in, and a lirge number of bills were reported from the committees. The Assem bly gave to the Broadway Railroad its sleeping potion for the present session, at least, by laying it on the table, in Committee of the Whole, py a vote of 73 to 38. The rush at the Custom House yesterday was ! not quite so vigorous as on Mouday, but still enough was made to keep three persona well em ployed for an hour. A sketch will be found in an other column. A seizure of diamond jewelry was made yester day on board the steamship Persia, one of tho passengers hating about three hundred dollars worth upon his person, which goods were at once heized by officer Brown. This is the first case that has come before Mr. Barney for his decision. The passenger asserts,they are for private use, and not for sale. The Board of Supervisors met last GVenin#, hut did not transact any b^oiuosS of Importance. The report of t*~ Comptroller to the 6th of April shows a balance of $59,730 57. A report of the committee in favor of paying ex-Judge A. D. Bussel $1,000 for extra clerk hire, was laid over. the cotton market yosterday was comparatively quiot. The sales footed up about 1,500 biles, in lots, closing at i2\c. a with some parcels reported at 13c. for middling uplands. The Persia's news hid no eflect upon the market. Flour was in fair request und tolerably active, but at rather easier rates for common brands of State nod Western, while extra grades were unchanged. Wheat was ratber easier, while sales were fair, chiofly for exports, l orn wus heavy and lower, while salos were tolerably active, l'ork was firm, with sales of mess at $17 37J{, while at the close $17 60 was asked; prime sold at $12 75 a $13 Beef was Orm, with a fair amount of sales. Su iiuars were steady, with a fair amount of sales at rates f tvrn In another column. Coffee wiis in fair reqnest and prices uncharged Freights wore Hteuly for grain and llour to-lx>ni'on, while to Liverpool rates for both corn : nd flour were easier. Cotton won engaged to tho extent or eoo a 700 bales at 3 lOd. per lb. The War I'ollcjr of Ihr Administration and the Probable CoHaetim-nceit. Civil war 19 close at haud. The news that it has been inaugurated in a bloody conflict at Chai ltston may reach us at any moment. Lieu l tentnt Talbot, of Fort Sumter, on his return ' journey to Major Anderson, bus been detained at Charleston: so that the instructions which he carries to that officer are cut off. Thus the gal lant Major will be left to his own discretion, although, from the signal lights which nightly now he displays from his stronghold, it would appear that he expects relief, and is prepared to co-operate with any relieving force that may show itself at the entrance of the harbor. It 1 also appears that the effort will surely be made, 1 under the flag of the United States, to run the gauntlet of the hostile forts and batteries which must be passed to reach Fort Sumter, and it is ' morally certain that any such attempt will re ; s-nlt in a bloody conflict, or in the ignominious retreat of our relieving squadron. We are not disposed to conjecture that a ? mere pretence of relief to Major Anderson ! is the policy of Mr. Lincoln. Our warlike republican cotemporarieB of this city, es pecially the terrible Horace Greeley, as sure us that the administration is in earnest in this matter, and henceforward abandons the thankless policy of forbearunce and indul gence with "rebels and traitors." The coun try has been deceived, Wall street has been overreached, the secessionists themselves have been led astray, by the late pacific manifesta tions and professions of the government at Washington, and particularly by its doleful conlessions of the necessity of evacuating Fort Sumter. With a relieving squadron sr? route to that point, we are admonished of the necessity of holding that position, and of the duty of re lieving it. even at the ha/.ard of war; and we are further advised that this has been the de liberate and inflexible purpose of Mr. Lincoln from the beginning. Anticipating, then, the speedy inauguration of civil war at Charleston, at IVn^acola, or in Texas, or, perhaps, at all these places, the in quiry is forced upon us, What will be the pro bable consequences? We apprehend that they will be: first, the secession t>f Virginia and the other border slave State*, and their union wi h the Confederate States; secondly, the organiza tion of an army Tor the removal ot the United States ensign and authorities from every for tress or public building witbin the limit-' of the Confederate Slates, including the* White IJouse, the Capitol, and other public build ings at Washington. After the secession of Virginia from the United States, it Is not likely that Maryland can be restrained train tie same decisive act. She will follow the for tunfs of Virginia, and will undoubtedly claim that, in withdrawing from th* United States, the District of Columbia reverts into her possession under the supreme rights of revolution. Here we have verge and scope enough for a civil war 01 five, ten or twenty yean duration. What for? To "show that we have a govern luent'' ? to show that the H?ceded States are still in our Union, and are still subject to its ; laws and authorities. This is the fatal mistake j of Mr Lincoln, and bis Cabinet, and his party. The simple truth, patent to all the world, is, that the seceded States ure out of our Union, and J .???. pMnni/jd under an iQd?M>p(ident govern* nient of their own. The authority of the United 1 States within tie borders of this iad*pend?nt ' confederacy hu too compUtel/ Superseded, I , except in a Attached- fort lure and tb?re. We ' desire to restore this displaced : uuiorlty of the i Uuifed State? in i?s full inte-rity. How is this ( to bo doiu:'' By entering into a war with 'he seceded States for tbe continued oc:nj>a"on <>t those detached forte V No. A wir will only widen tbe breach and enlarge an.l consolidate this Southern confederacy, on the one bund, while, on the other hand, it will bring ruinupon the commerce, tbe manufactures, the financial and industrial interests of our Northern cities' and States, and may end in an oppressive military despotism. How then are we to restore these seceded States to the Union ? We can do it only by conciliation and compromise. Tbe border slave States still adhering to the Union are anxious to act as mediators with the seceded States. Tbe Union inon of Virginia, in their State Convention, for many weeks have been laboring faithfully and earnestly to bold that great State within the Union as affording the indispensable base of operations for the reten tion of the border slave States and the recovery of all the seceded States. Her Convention, driven at length to extremities by the pressure of her public opinion, has detailed a special commission of three ? Messrs. Stuart, i'rsston and Randolph? to wait upon Mr. Lincoln and inquire whether his Union policy means peace or war. A republican cotemporary intimates that these distinguished visiters, who have ar rived at Washington, will go away not much wifer than when they came. The next result, then, to be apprehended is the precipit ite se cession of Virginia, and next the speedy mus tering of fifty, thousand men within her borders for warlike operations. Thus the only means for the restoration of the Union? to wit, forbearance, conciliation and compromise ? appear to have beeu finally discarded at Washington The Union, we are told, is worth the desperate remedy ot civil war; while common sense and the experience of all mankind revolt at this remedy us utterly subversive of everything in the shape of preexisting institutions. Had "Honest Abe Lincoln/' as the first measure of his ad ministration, issued his call for an early extra session of Congress in reference to tbe exigen cies of this fearful crisis of disunion, revolution and impending civil war, and had be provided an armistice with the seceded Stales for the in terregnum, he might have opened liie way to us, North and South. f?r a "nappy deliverance. Vrith the assembi'"" n ? ? I ? *** WV/Ug 1 ? -r-tjf 11 IU08Bcl?>(? from him to both houses, recommending the Crittenden peace propositions as the basis of a Union saving compromise, would have initi ated the good work. But the abolition war faction rules the republican camp, and ha:? suc ceeded in gaining the mastery over the admi nistration. The theory of the war policy thus adopted is that of Senator Chandler, that " a little blood-letting " will be a good thing, and blood it is to be. We dare say, too, that the republican p irty is more intent upon some startling stroke of policy which will rekindle the fierce sectional fires in the camp, whereby it has come into power, than upon any plan whatever for the restoration of the seceded States to the Union But while our republican war makers may be dreaming of a lengthened reign at Washington, with the opposing South out of the way, they may be overthrown by a popular reaction at the North. Indeed, our only hope now against a civil war ot indefinite duration seems to lie in the overthrow of this demoralizing, disorga nizing and destructive sectional party, of which "Honest Abe Lincoln" is the pliant instru ment. Let the conservative people of the North, then, of all parties, who have anything to lose or anything to save, in view of a wast ing civil war, prepare at once for the needful work of putting down this destructive domi nant party. Tuk Burning or the Imperial Palaces at Pekin. ? When the news of th" burning of the summer palaces of the Chinese Emperor at Pekin wub borne across the Atlantic, our first impulse s were those of regret, if not indigna tion, that *uch an outrage should have been perpetrated by the representatives of a nation foremost among its compeers in greatness, and professing to be so in civilization. We seemed, as wo read, to have been carried back into barbarous times. At every line of the narrative we were offended with the details of the wanton destruction of that which could never be replaced. Never was vandalism more outrageous. All the mag nificent mirrors, chaste earrings, elaborate pic tures, historical souvenirs of the empire, arti cles of virtu and valuable archives were de stroyed by the rude hands of Hie ii?'*pnilers, and then given up to the fury of the flames We now learn that in the vaults of those summer palao s all the records of the empire were deposi ted. and all these wore reduced to ashee by the fire. ?uch treasure as had beea there held were of far greater importance to China than the Brit ish Museum is to England or the world, and the consignment of these to the flames was as bad as Omar's destruction of the Alexandrian library. The archives alluded to have been frequently referred to by French writers, who estimated the aational collection in the summer pulaces at Fekin to hare been th>- finest and most complete in the world. It was therefore much to be deplored that in th'? age of compa rative enlightenment such an irreparable act of v tndali.-m should have occurred. We have no wish to reflect severely upon the conduct of Lord Elgin in this matter; but we are surprised that so eminent a man should have had n< more veneration for art. humanity for the Chinese, or respect for the good repntation of his country, than to have ordered the perpetra tion of such a piece of unmitigated vandalism, lie had little respect for the Greeks when he mutilated and removed their ancient marblea from the land where they ought to have been allowed to remain, and he had a decided con tempt for the Chinese when he burnt the impe rial collections at Pekin lie has done an in- ; justice for which he will never have the power to atone. One More Unkortcn m:. ? The Broadway Railroad bill received its quiet, is yesterday. A motion to lay it on the table, instead of Bead ing it tc committee, prevailed by nearly a two to one vote. I-a j lug a bill on the table by such a ^te is equivalent to slaughtering it in cold blood, and burying it as they used to inter

suicides. There are people in this city suffl chnlly baidhearU d to exult in the decease of this bantling, and to make merry over the fact that its parents bare Lad all their trouble and expended their for notUing. public sentiment of th(. metropolis will say that for once the Legislature lias (low a 8ood thing. The infant, however, will have a fevr J gin cere mourners. There are gentlemen tot wb<vn this ch'ld bas be?? very dec, and w'** ou' makug a *bow of ?rief thej will uadoubt ortly deeply Mi*) we be permitted to tffer our condolence to t?-?* immediately concern* d including our philaorhr 'pic and philosophical frien<ia of rne Tribune ? Be of good cheer. As long as there Ha Bioidwty tbrre will he a I)ro?dwity llailro?td bill. It is not d? ad. buf eleepeih 1 tir Fropuwil rrm?ur) N'ol* l??U*. Now tbut Mr. Lincoln's nominibtratiou Lav* actually c< mmenced. a civil war, it seems an unfortunate time for Mr. Chase to throw $5,000,000 in treasuiy notes on the market, and capitali-ts will be afraid to touch tbein at par, especially as, owing to the operation of the Morrill tariff, there is no prof pact of revenue to pay those notes when they become one*, and there is no other secunty ?o back tb< in I'he first imirmutlDgs ol the thunder at Charleston and l'ensaeola havn already affected nil securi ties; when teal hostilities commence public credit will be moie teriourly oamagea That ibe Moirill tanU' will h*ve tt?e effect of diverting ibe great bulk ol the imports to the Southern pons there cannot be ihe shadow ot a doubt The English and the Frwich press and the New York papers, with one exception, agr? e about it. The only journalist in this city who advocates the rew tariff is a philosopher of the ultra revolutionary type It was said of the Bouibons that tbey never learned to forget anything; and the same may be said of tuts radical editor, illustrating the maxim that ex tremes meet. Even the Courier and Enquirer, though an advocate of a protective tariff. says:? "Never, in our judgment, was there such an ill timed measure enacted as our tariff law which went into operation on the 1st of April Another republican journal of this city says "it is quite likely to deprive ?he federal govern ment almost entirely of its revenues " We have already reproduced the opinions ot the French and English press on the subject. We have quoted *be metropolitan or^an* of British commerce to show that the com mercial interests of Ntw York will be ruined, and that the Southern port* will become cnticbed at our expense. To these testimonies we may add that ot a well known Liverpool commercial paper. Gore's General Advertiser. In a recent issue it says "the Northern tariff must enlist the ol thy whole commercial world on I the sid? of ^ ^ "Thus Suicidal tariff.' it adds, "will effectually isolate the North, and teal it against the commerce of the world; ano the very attempt to introduce such a measure demonstrates tbe necessity of a separation be tween tbe Southern and Northern States." What England will do in the premises it thus unfolds:? "It protection ? rampant protection ? be held to be the true interest of the Northern States, tb< n there can be no community ot i<* terests between them and a country like Greit Britain, on whose banners are inscribed *Fr ?* trade with all the world.' But with the South ern confederacy, whose interest it is to sell us the raw material of our industry ami to buv our manufactured goods, there must spring up ' spontaneously such a close alliance with Great Britain as will render the grusping selfishness of the protectionist States hurtful to no one but themselves." It will be observed from this that the whole North is regarded with detestatiou on account of this tariff; and New York, whose ! interests have been sacrificed for the Eastern ' States and lor Pennsylvania, is doomed to suf fer, though she is known to be utterly opposed i to the new retrograde commercial policy It 1 goes on to say that England "will turn the cold shoulder to the North," while it "will extend tbe right hand of fellowship to Ihe South;" and the British commercial organ thus concludes:? Wo cannot On-l langutge Bnlllcientl) strong to nzproft* our < oit station of ttur.ik uf duties which is In leu del to exclude f'om the maiketsof America the pr (ducts of Kugltind, of ( ieriiinii> and of France, and vw mutt vri$h G *1 rj 'td to th< t\ru rruxillu: of tHe S/uth, which must triumph In its contest with the North, brciilM its might is in its riylU . It 18 luuicnUiliie to ihink ? we write more in my row than in anger? that a great people like th* Aiueri ciinH should bo far lag bellied the age, no misuDdcrattnd the epoch tu which they live, and bilnuly ruah on their own destruction, as to a lopt a policy no Htiicidul to themselves, bo uncommercial, so indicative of a narrow, British and unenlightened spirit as lh.it which is e noodle i in the bo called Morrill tariff Hero is a warning with a vengeance that the trade of the North is to be destroyed and *11 European good*, with the duties, are to go to the South. Who, under %uch circumstances. will buy the notes of our bankrupt government, with no prospect of repayment, but with the di?m?tl prospect of having soon to borrow more'money. and to continue borrowing till its piper is a drug in the market, which nobody want* to buy at any price ? Now the only way in whic't the imports can be prevented going to the South is by the employment of an immense navy. Where is the money to build and equip it to come from ? But suppose that the govern ment makes the attempt with the ships and troopa it now possesses, and suppose that it could be . even partially sue cessful, and that England and France would not intervene to protect their own commerce on its way to the bent market, the attempt to coerce the South in this form would be met by reprisals both on land and sea; and, low as federal securities have fallen, they would instantly go down still further, as George Peabody, in his letter which we published recently, gave notice to all concerned. This distinguished American banker in England knows every pulse of the British heart, and he warns the people of his native land against the suicide on which they seem bent. lie says " the an ticipation of a conflict between the North an I the South has already destroyed ooofldence in the United States government stodMl and many of the States securities, and millions have with in a few months been sent home for u ma4k>'t in consequence. It is only by concession on th? i art of the Northern States, and a com promu ? which would secure the beat feelings of the border States towards the North and Went, that we can reinstate our credit abroad.'' Coercion and civil war, he concludes, would utterly ruin American public credit in Europe, and the balance of our stocks would be sent home to be thrown on this market for what , they would bring. Independently of the adverse operation of j the Morrill tariff, other troubles will arise in the progress of internecine war which wilt shake public and_ private credit most alarm ingly; and does the Cabinet at Washington, under such circumstances, expect to sell im notes, at a premium, in Wall street ? th? only place where it can dispose of them? just when it has inauguiated civil war, when there is no security tor their pajm< nt. either from revenue or from any other source? And in this condi tion of our naiienal flnauoes, how is the South ern confederation to raise $lf>,000,000, "" " 1 -* *?*??? Af>/? (t W?U $30,Q9VfUW. iJIUWU 9W.VVV,VVV| % ? ?? UM | require ia the event of clril wuf 1 Tin- . ?tlou<? t'Avonr'a Nptctk 11 nil I lie rope's AlloMtloa. . /ull text (>f the I'op* s allocution, m w>1? o' Count Carom's recent ,?pe?ch on the lioiiiH.n rf. le^iio."1 , will be tourd in our ediiipn i ? -his mor*i: v J" the Pontiff's addwi we fii.d nothing which teni** ^ smooth away the diffi eultirs wlich lie in the w'*;' of an aril!cjl,,e 'efc- , il? I'K'fit i * tbe i;sties pending hei ween him aud Ibe Turin Cabinet. He iiQt onl>~ take? a firm st td on hi>< rights an a temporal otlnoe, but lie declares it to be impossible that ti?e Church can enttr into aiy ci mproinise with tu <? so" calleo modern civilization which tolerates non Cattolic f" nis of worship and grants subsidies to non Catholic institutions and persons. In other words, be proU-st* ugaiust the introduc ti< n into I'uly of tbe enlightened toleration o' French Catholicism, which provides out of the rc-oum s of the State for the decent niainie Dane (>f every torm of wor:-hif>. In all this w. e only another proof of the injury result ng to religion from tbe union of Church und Tbe Holy Father, instead of relying upon Ibe potei cy of the defensive spiritual in fluenccs with which the former is invested, ex tubita ibri ugbout an un Catholic appreheusion of the penis to which it will be exposed by a fair and equal competition with other creeds. Strip it of its wealth and pruet -ly dignities, he argues, and you will weaken and perhaps diBtroy it. Now this is not the doctrine of the Church itself, nor id i? 'he belief of intelligent Catholics. Out of the millions who prot'ess that faith, tbe great ma jority would.ii is will known, be rejoiced t'i ee the I'apacy relieved from the odium which ilie abuse ot its political power daily brings upon it. The> believe, and with reason, that tir Unman hierarchy woula become ii.fliiit?:j in* re powerful, and exercise a stronger awa; \i r the con-eiet-ces of uieu, if there were u<>?. u the uiioery ot oppressed and misgoverned (.opuUiioi.fr, and in the corruption ol their i>o~ lineal ait ministration, such * woelul contrail u?tweentheii aclioi.s and the Divine precept, which ji is tin ir mis.- ion to inculcate. We turn w nth reliel from me foolish re mon ng of this document to the manly and intelli U>'e spt i ch o' Count Cuvour. He shows tha, without Nome as its capital the unity ol ltal) woulo l>t a nllacy, and no demolishes lh* ar . un ent tna' the Tope's temporalities arc essen tial to h'- indetii-rderce, The** ? -"gut have beer a gmffirtco for him when sovereigns tftgftcAw their domination as a ri^hi of aoeoluU property o^er men and things; but since 17h9 governments huve reposed on the con-ent expressed or tacit, of ihe people; and a power which does not rest upon thi* bitsis, but which aimains un absolute antagonism between the people whn:h it governs and itself, has no longer a possibility of existence. This an'ago < icm ajipears in tho Romau States, and seeiuo without a remedy, and consequently the only meons of governing those countries without military occupation is by the ab-tolute separa tion of the spiritual from the temporal pjwer. When this takes plice the Holy oee will be come in reality independent, because it will be relieved from tbe shackles imposed npon it by concordats and the prerogatves of the civil power, w hich t,he temp ral power ot theC;uoh ol Home has alone rendered necessary up to I he present time. From these views it is evident that the Turiu Cabinet contemplates no compromise with the Pontiff wbich will leave in hie hands any por tion of his present territories. He will occupy in Koine simply the position of the Greek or Russian i'auiarch, with the exception that such a provision * ill be guaranteed to him as w ill compor wi-h tbe expenditure necessitated by t'ls exULHVe spiritual jurisdiction. The ques tion is whether ihe French Emperor will coo sent to this complete territorial destitution of the Holy Father. The recent declarations of I'rince Nitpob on and Count Fietri seom to us to h ave bui little doubt upon this point. Louis Napob on is not a man of half measures, and if he gives his consent to the eutrance of Victor Fmainiel and his troops into Home it will be under no limitation as to the territorial rights which that step would imply. IlrNiMAiTNO Position of the Uniteo States in the Etes ok Ecropk ? The Father of His Country warned the people of the United states, in bis furewell address, that the destruc tion of the unity of the republic, would hare for its inevitable tesult, its enfeeblement and feirradanon in the eyes of foreign Powers; nod that, while rendered by it contemptible externally, we would also lose self respect, and be liable to the horrors of a milUary des potism. How prophetic his solemn utterances have already become, at the very outset of our secUonul differences! Scarcely five months buve elapsed since :he election of a republican President of the United Stares, and what is the humiliating spectacle, presented by both the Nor'h and the South? The organs of the Wash li gton administration degrade themselves by making open boist that it has b?en promised the aid und asnstance of England and France, while the Southern press congratulate the Montgomery government upon prospective commercial alliance*, which it thinks will in sure a stroi>g European support for the slave holding confederacy "Entu igliug alliances,'' ?bu:b have been ever considered a* a great evil, to be car? fully shunned by every sound patriot and statesman, are now courted by the leaders of the two sections, just as rival chief tains ?>nri parties have hitherto done, In Mexico at <l the petty South American Stn'e*. An article frrm the London Times of Kirch 2N, wtich will be foand in another column of the paper contemptuously alluies to the fact than he " Northern anu Southern Atates have etiten d into a rac?? with each other for popu larity, with i b? determination not to be outbid bv a rival," and it adds, a? the inevitable con st ?(ueuce of such n state of things; ? " America must not suppose that she can enjoy, when di vided into 'wo hostile republics all the great at d unprecedented acvituiage* whu'h she pos sej,M;d. while she was content to dwell nnder tile banner of one.'' If such a judgment wan just, even w; ile there was a chnnce of peace hionji prec? rv* d, what uiuy not be said, now Una through the madness, imbecility and wiuk eonehs of the administration, the country Is threa'ered with all ihe calamities which follow in the train of civil war? The manufacturing, comuieicial. agricultural and financial prifpe li'.y of the nation, is about to b?* engulted in an abyss of ruin, by Mich an act of suicide, as ha* no pa all- 1 in the histoty of nations From * proud eminence ot political grand- ur, which canted to be ih?* wonder and admiration of thn ctviPr.-d world, hoW fcre we fallen! Th* (J lined State,', lately ao d? flant in its iudejien donee, I? d?oendio? to befgtfj ?t the doofi Of European rower*, and wo xmj yet be cc peilrd to rejoice in an iron interposition foreign flees and armies, to restOif th? pt we ate so nckb+slj ibi owing away. Tmufatemno Statk of Ahaiks in J at Ay The realm of the Risiug Sun does not appea be in all re npects that happy land which tra> lew, after a few days, or it may have been a 1 h> nis, stay on ita shores have thought and preeeny'd it to be. But thin in perhaps not applicable to the native inhabitants as the ! eign resident*, and it U more than proba) that the latter have been the ca.ise of th own grievances. The British Consuls at Jed and Kanagawa have acted in a manner so prehensible and obnoxious that not only t Japanese, bot their own countrymen, have be driven to an avowal of disgust. They h; alternately violated, the native laws, m interpreted the spirit of the treaty I ween Qieat Britain and Japan, sacriflc their personal honor, and tyrannized over t subjects of their own sovereign. In li manner the unofficial community of foreign* seem to have habitually acted with an aluu otal disregard of the rights and prejudices I those in who*e country they were sujourniw on the sufferance of the very people they we*?* offtnding. As a matter of course, the indiscretions ;f individual foreigners affect the entire forei^S population, ard every obnoxious or unlawtfl act con milted b> an Englishman, an Aaicri a Frcicbman. or any other countryman, isp' judrCK'.l to the welfare of all aliens, aud go to strengthen the argument of the conservati party of Japanese politicians in favor ot the e elusion ol foreigners aud the closing ot the por We are sorry to learn bj the last, mails tli the Secretary i4 the United States Legation Je<! do has been murdered by Japanese, and th all the consular authorities save Mr. Townsei Harris, tlie American Minister, had be ut"orc? to retire from the metropolis and seek ret'u in Yokahama, bbe *>ort a few miles down t bey. Gi.*at alarm pievaih-d among the who foreign population, *fcd even u mwaorn w anticipated. Ti.ts lutelli^enco wo Cad u created considerable sensation in England, at t teat u<oiguauon is expressed towards t, i>i it ih h Consuls referred to, whose recall enrnt*:., ^e shall deplore he> ing ot a worse ?t ite of feeling than a* "preu> exists between the native and ahon bon lation of Japan: but \[ comj wr mall b? Compelled, although not withoi reluctance to f-nj th?t th* foreigners broug ! all upou themselves. Eugli-liinen and Am mans must learn that they cannot go into foreign land and violate every civil and mor law without incurring the danger of a feart retribution. We know nothing as yet of t! c-ircim^tunces leading to the murder of ti Secretary of our Legation, but much will d (?eni upon these as to the judgment we me eventually form of the unfortunate aff&i Meanwhile, we believe, there is no fitter mo than Mr. Harris for maintaining the nation. : onor in the far Orient, and from his moral an friendly influence over the Japanese govert ment he will doubtless be able to obtain jui 'ice. It is tevertheless a melancholy reflectio that, after all our hospitality to the late En bacsj . such an untoward circumstance as th and such a threatening state of affairs shoul have so quickly supervened. The Secession Movkmknt in Viboinia. ? A. fairs in Virginia are rapidly approaching crisis. It will be precipitated by the line o policy that ha* beeu adopted by the Lincol administration, and it 4a not impossible tha he Old Dominion will cast in her lot with th Southern confederacy, within a very short pe nod Many have supposed that the State Con vmtion, now in session, could scarcely submi the question of secession to the people befon the fall election. They will not postpone th< settlement of the question so long, if a singlt drop of blood is shed, in consequence of th< coercive proceedings of the government II will then come betore the people, probably, a< the State election next month. Messrs. William Ballard Preston, conservative, Alexander H Stuart, Union, and George W Randolph, seoe sionist, were, on Monday, appointed commis sioners to wait on the President, in order to ob tain a definite declaration of his policy. They arrived in Washington yesterday. They will see Mr. Lincoln to-day or to-morrow, and will insist upon a categorical answer to their ques tions. If there are evaded, they will go home prepared to declare to the Convention, that they bave interpreted his tergiversation and equivocal responses as meaning hostility and bloodshed. The effect of coercive measures towards the South, will be electric upon the popular mind in Virginia. Union feeling is well nigh destroyed already; but the reinforcement Fort Pickens, or of Fort Sumter, will be con sidered as a belligerent act, which will make the population a unit Then will come the day of tribulation and retribution, for the aboli tion government at Washington, which is so wolully mismanaging tbe affairs of the nation. The capital can no longer remain in the Dis trict of Columbia, and the conservative masse* in the North, will be forced to pronounce au thoritatively, with respect to the tremendous issuoe before the country. Onk of Mk. John Bn.i,'s Poiti.ar Drijt ?ionh.- Tbe London Times, in the course of au irticle upon the cotton supply, declares thut ? he position of the market for that staple is like (hut o< h m?n w ho ha? died holding a fat ? film.-- tbe bri-ath is no sooner out of his body h tii theie are a hundred applicants tor his pluce. So with cotton. As soon a* it is ascer tained that there is a remote probability that the Itritisb manufacturers may experience some difficulty in obtaining their supply from the Son'hern Stat,-*, half a d<>z*n countries are offering themselves for the place. Australia, Persia, China, Algeria, Central America, are all mentioned, and th? Cotton Supply Associa tion is expected to encourage the cultivation of the plant in those countries. The Tinvs ami the Cotton Supply Association are laboring un der a popular delusion. More than seventy y ears ?go tbe cultivation of cotton was attempted in various part* of the world, and experiments in the same line bave been continued ever since with v? ry little success. It has been proven that l he fin< r quality of cotton, such as the British manufacturer must have, can only be *rown in tbe United States. Kgypt raises a very little; but elsewhere the product of the plant is only fit for the manufacture of coarse "?"fs. The place of King Cotton has thus, and thu? only, been preserved, and whatever may be the result of the revolution in this country, there U no doubt that hU Mat of government