Newspaper of The New York Herald, February 26, 1862, Page 5

Newspaper of The New York Herald dated February 26, 1862 Page 5
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I \ Mat.,reporting the auhatanee at a oon venation you hod - had wkh Mr. Seward relative to the reoeptkm of the privates re and reaaela at the eo styled OouPedorate SUtea la foreign porta, fed T hare to atate to you that It appears freaa that deapatoh that Mr. Seward never ohooaaa to understand the position of bar M^aaty'a government. Bar Majesty has declared entire neotrallty In the unhappy eon test now onrrted on la the United States. Bar Majesty admits the ehipe-of-war and privateers of tho Uultod States to Brttlah porta, there to remain to viotoal and take In oonla. If her Majesty wera to refnao similar fnellitlea to the veesela-of war and privateers at tho so aayted Confederate autes, her Majesty would be at ones declaring herself a party to the war. If Mr. Soward is daatreoa that the ahipe-of-war of tho Confederate States should not ha allowed to stay mora than twenty-four hours In a British port, he should declare it In plain terms. In any caso her Majesty's government aro determined to treat the phipa-of-war and prtvatoera of the no styled Confederate States in the same manner as the sfctpa-ofwar and privateers of tbs United States. RUSBBL. baxl arse ki t. to 1.0*1) lyow8. Kuriion Orri ?. Deo. 20.1861, Mv I/>nn?Youmnyspeal to Mr. See aril un the an bKet of let'ers rf ma que. Should Great llritniu ami tlie united Suitea everi.r.hapoiiy ho a> war against each thor. her Atij rty will be retuir <> rellnipiifh her prerofftilio , on I obeh k pr. ra'e Hon,u belwcm the Iteo notions, pro idel ikt P intent u? ul<t be r ady to make a similar engao'tn nt on the part oj tie United Statu. RUSSKJJ,. ARRESTS OK KNOLlSn SUL'JKCTfl. wn mo tjUi or las. Novemiior nan nuneii nan wi mra u despatch lo Lord Lyons relative to the arbitrary arrests of certain British subjects. Tho following is Mr. Seward's reply to Lord Lyons:? MR. tecwjkiiD to until t voxs. Wv.suinotuj*, Jan. 13,lSfi2. Mr Lord?Yru have kindly left with mo a copy of an Instruction which you had roccivod from Karl Russell, dated on the 22'I of November last. 1 have great pleasure in stating to you, for the information of his lordship, thai tho l'reeidcnt frankly and unhesitatingly accepts tho explanations given Karl Russell of what was the meaning of the British government in the views which, at tl^r instance, you had heretofore submitted to me oonc^mg the right of the President to suspend the habeas fcorpus in, time of insurrection, without waiting for direct authority from Congress. I have lo regret, however, that while tho misapprehension which has existed u|ion this one point is thus generously removed by Earl Russell, he deems it necessary to persist in tho opinion that the President's proceeding, under a susKavion of the habeae corpus, in the caso or William trick, was wanton and capricious, and that It had sot been rendored necessary by tho exigencies or lb# civil war. As the government must proceed always apon Information, and often wilh great promptness and energy. It could hardly be possible to avoid the oommlssten of occasional errors in the exercise of precautionary power to repress insurrection, manifesting itself more or loss formidably iu every State of the Amorican Union I cannot but think that a prompt correction of the error in such a ease, such a correction as was made in the case of Mr. Patrick, is all thai could reasonably be required by persons willing to deliberate carefully and anxiooa to Interpret the action of the government with candor and impartiality, as 1 am sure Earl Russell is. 1 cheerfully consent to leave Karl Russell's protest on tho record where It will lie side by side with tho dacieions of this government, which show that during a civil war, now of nine months' duration, no complaint of any kind has been deniod a hearing, not ouo person hss t o n pressed into tho land or naval servico, not one disloyal citisen or resident, however guilty of treason or conspiracy, has forfeited his life except iu battle, not one has been detained a day in conAm iu mt vviio epuld and would give reliable pledges of his forbearance Iron evil designs; nor indeed has one person who could or would give no such pledges been detained a day boSond tbe period when the danger whieb be was engaged I producing bad safely parsed away. Happily, it is not the judgment of even great and good men like Earl Russell pronounced in the excitement of tho hour, and possibly subject to the inliue: ci s of disturbing evonts, which , determine the characters of .States. From such Judgments we cheerfully appeal to that of history, contldent that it records no instance in which any government or people has practiced m deration in civil war equal to that which th -s far has distimiuislio I this goverumont and the American pc>plo. WlI.LIAM II. SEWARD. THE STONE BLOCKADE OP THE SOUTH. despatch from Lord Lyons, dated January 14,18d2, sontains Jlr. Seward's explanations as to the obstructions of Southern harbors. In another despatch of thesamo date Lord Lyons writes:? Mr. Ssward said that he was desirous that the United States should, in the present war, offer to the world an example of leniency towards the enemy and regard for the interests of neutrals, such as had never before been seen. He proceeded to enlarge upon tho moderation hitherto displayed by this government; on its having abstained from shedding the blood of traitors or Inflicting any severo punishment upon them; on its having adopted the mild form of a blockade or closing the Southern ports, and on other similar topics. H : went on to say that he hoped to be able to gtve suit anotnor proor or moderation. Ho was occupied m devising s plan for re opening correspondence by loiter with the South. Of course What was conceded to one foreign nation must be conceded to all;and what was conceded to foreigners must bo equally conceded to American citizens. He thought it might be possiblo to establish at somo point a special office to which letters to and from the Southern States should bo sent, and Iran which such as. on examination, should prove to be aobjecttonablo might be forwarded. THE REBELS OK THE TREATY OP PARIS. We may have occasion to revert to the correspondence respecting International maritime law, involving as it doss questions of mors than temporary importaime. It Is noticeable that the Confederate governmeat was willing to subribe to all the clauses of lbs Treaty of Paris, thus:? 1. Privateering is, and remains, abolished. 3. The neutral flag covers enemy's goods, with the exception of contraband of war. 8. Neutral goo-Is, with ths exception of contraband ot war, are not liable to capture under an enemy's flag. 4. Blockades, In order to be binding must bo c(ToeViva; that m te say, maintained by a fores sufficient really to prevent access to the coast of the enemy. On ths present occasion the federal government would have accepted all the four principles but for the d? lara lion which was pro awed to be attached to them, and by whicb the confederate war ships were, in effect, to be excluded from the category of privateers, or "pirates." TOE NASHVILLE AND TUSCARORA. Itio last of the series is the correspondence relating to the above steamers. Wo extract ths following in rcfe rtnee to the Nashville and Tuscarora:? RARL Rl'BSEM. TO MR. At.AM'. F? r?r.v Omit, Feb. 1, 1S62. Sir?I hare now the honor to sand yo i a summary of the proceedings of the ft ard of Admiralty In regard to tbo Tuscarora and Nashville in Southampton waters. I think you will seo from th s summary th it her Majesty's government havo reason to c< mplain of ihi conduct of lite commander of tho Tuscarora, as an attempt to carry en hostilities in tho waters of a neutral. I have tbo honor also to enclose a copy of the I/>nd at Gazette, containing tho rules I mentioned to you in a previous letter. KUdhEIX. erATKMKMT Oh FA' TS WITH I KflARP TO Tlilt Tl SOAKOKA . IMTBt) Sr-OTS VSMTL-OF V IR, 'SO TIIR NASEVITUt, A **S*FL IIX1/iMUtmi TO TT1KSO-STYLS1 OtXfKltFRATE -TArRM. Novrmier 21, WW.?Tho Na hvilio amvod at Southern!, ton, and taken into d'Ck for caulking and other ropa ire. |iecs.m.!SR 15.-?Tlio Tuscarora arrived and anchored oil the cntrauca to tbo river Itrheti. I ki rmi t'H 23.?Captain Pat. y reportad that no repair* had lieau made in tho Nashville bey end what were absolately ercMsary.nnd tbnt she had not boon In any way equipped moro cor.uiletoly as a man-of war. JiHi.iuv 111. 1SA2.?Contain l'at. V renorlml that tt.n dockraaoter nt Southampton had on the pravioua night found two oiheors (una with side a ms; and thee m u belonging to tho Tuscarora ui tier the graving dock fortco on tho pier b twoeu the docks; they statod that they wrro station, d there t'j their captain's ?rdera to wnich the Nashville,ami to m ike a signal to their own ship should the Naelit ille atti'tnpt to get under way Tho dorkmaeter removed thes-- |<ersons .Urcary 10.?'"splato Patny also roportod that tho Tuscarora had received lfto tons of cool, and had kopt bersloani up since her arriTal, with a spring on her cable, apparently ready Cor sea. Jarcary 11.?Captaiu Wilcox, of her Majesty's ship Dauntless,stationed In Sontlinmpton ttator, luformed the captain* of tho Tuauaroia and Nashv lie that ho lind observed preparations for their departure, and had instructions to pr \?nt any hostilities In H.itlsh waters, and b' tt^li'to their otice that tho law of nation* requires that twenty-four hours shonld eliipro before the rteiutrture of "no belligerent ship I'roni a r.o.tral port in pursuit ot another; Chpta.n I'atcy, as settlor oillcer at Etouthumpten, a'so Infomcd tho aptair.g of the Tnecarora snd X- ?hvf?'e that 1 ? hnd received orders to detain one Tcsso1 ''til.I tho other had twc'ity-four hours'start. The captains of the two voss'? answered they would oou form to 'Htv a: d i i 'm Craven (oi toe rutcr- ra) claimed eight of t'roo sore ? to en I egress from ''tenters of ? nation believed to bo in amity with tho United ftates," t^t-ilni; that strict Impartiality would oe observed bet ?? n <b < two vessels. In reply Ca.itain I'atey referred t ) the r.nd of Captain t'rsren having sent ofllcore and m.-n Into docks to w, trh Sasbvll'o. scd also pointed out that a IkoiI, apt-nenCy mmod, from the Tueearorahad he#n cdtterved pulling in and -oil of the d ck* with "It land It g during the night. Captain Craven gave aasuranco that litis would not he repeated. Jsst'iK* 18.? ru*t'arora left amhorngenl fmr.t.M , and procecdod to anchor one m-le west of Cat.-hot light ship. Returned at four I'. II. to former nucJioruce al entrance of lichen rlvev. .Tam'asy 1ft.?Tusoarota at two r M. weighed, anil jutssed Cshhei. last aky lb ?At I wo P. M. returned to original anchor JtBPAliY At sight l\ M. prncwdsd down South amnion Watar, Mid ancherad < nit Ids Calshot Cardie. Jascaiiy 22 ?At ton A. M. returned to saefcortge ai mouth of Itihrn r<vcr. Jasiahy 2* .?< uptAiu I'stay imported tho NitahvilU ontM,Mi'1 MiftMirnptlr* complete l. nnd the rua<* rorn rendv fur *< *: alao thai, hi conrtuastlan with hlin ('Al ien Craven,of ika iuscarora, h.rd avowsd thnthc would do hi* i tin<,sl to r -D-lor the rnlo ns to twenty foui hour*' tort- null nnd told, by constantly hoopm* u| team, Mid lut lift lips on tier cable, en that the inomonl the Na?!i?il o nughi mora tha fhscnrnnt would prreotX liar, and claim priority of Mdlitif, returning ng?tn within twnuty four hours,nud so actually blookiiling the Na-h II o In a natural |M>rt. '.in a-y >1.-1 ndor i??tr M tlona <dapta;n I'thr obtained written pr- ni es from the captains of tho roi i Mitt Njnhvills t >it to Iosya thair thsp position? without KiviiiK tuonly four hours' uotit'S.!/ni amy 27?In ontrr to |irevsnt. any host I Is proC'cdl"Ki bstwssn tho two vessels In Ihtlfth waters a me- 'K'-r wns dvinpsti'lir'd in tho uinmiug id HuiitUami'it-P, with liutmctiniin to Captain I'stey to r >| i'ti tlis Naahvillo to depart Ity tuetvr it'- lee', at T maday, till) 2-th .1.11- arv, an I Ti??.- .. fri m t-.iiinvlnf thiy at same huir; but at <tto t'. Hf. , / 1*1' cr - ' Mg Ihaso last riieut|j>*<J initr .dHomj. A< ' W M ?" NEW YORK I * Captain Patey telegraphed ihM III septal! sf Mm rora had notified to him that thai ?hlp woeMput on the following day?namely, on tha 28th January, at eleven A. M. To thia despatch an answer ?M at onca ant that Tuaaarara waa aocordlngly to be allowed to proceed A rat, and, under the ciroumst an eaa, Captain Paley did not think It necessary to acquaint the captain of Tnacarora of tha ordara ha (Captain Patey) received subeaqoently (an tha artaraooa of tha STth) requiring the ahip to quit Sentfrimptoo. J**r?ar 2*.?Captain of Turenrora reported by latter to Cap'ain Patey that ha should defer departure, in coaaequanca of Inolamcncy of weather, until 28th, or hrat fine day. Captain Patey, in answer. told Chptaln Craven that be saw nothing In the atate of the weather to prevent Tuacarora proceeding, and requested that she would lose no timo in doing so, observing that, having received from Captain Craven a written notification or his intention to proceed on the 27th, at elaven A. If., he (Captain Patey) had not demed it necessary to convey to Captain Craven tho inatruutious be had received for Tuacarora to laavo South.implon at noon on the 28ih. Januaby 28.?Captain Patey directed by telegraph not to take any steps at present to compel T"scarora's departure. Jakpary 29.?At ten mlnutee past eight A. M. Tuacarora proceeded down Southampton water, i Jani'ary 30?Captain I'ntey, by tol graph, report* Tuscarora, at two P. M., remains in Yarmouth Roads, and hs asks Tor Instructions as to Nashville's departure. In fo med, in reply, that the time of Nashville's departure will date from hour Tuaearora shall really go to sea, In accordauco with notice, i Admiralty, Jan. 30,1882. ^ mr. ada. k i. k.'.rf. rrsujl. Mr. Adams, in a letter audrersed to i-ord Russell, and dated 22d November, 1861, after stating that it appeared the Na'hviilo woe not equipped under a commission as a ship-of-war, r.or even with the pretence of a letter of marque, says:? Tho act of wilfullv burnimr a rrlvate merchant nhln while pursuing its way quietly to iu (ioai mat ion In its own country, seems in itself littlo to harmonize with the general sentiment anions civilized ami commercial nation*, even when It It committed under tlio authority of a lecognizcd bolllgittent, but when voluntarily un dertukou by individuals not vc9tcd with tho powers genoially acknowledged to bo necessary to jus'ify nggrrssive warfare, it approximates too closely within the ('elli.itinn of piracy to receive the smallest countenance from any Christian people. Tho undersigned cannot pe. in it tiiinself to doubt that her Majesty's government, which has voluntarily renounced th.o authority to wago private war at n n. would not fail to visit with its utmost indignation any attempt to socle shelter under its jurisdiction from tho consequences of I obliging a purely partisan malico, In unauthorized ads of vlolenco on the ocean. Tlio purposo of tho undersigned In presenting thoso paiiers to the consideration of Lord Russell is, to request that hor Majesty's government will cause an inquiry to bo made luto the circumstances attending this cxtrno-diuury proceeding, and will adopt such measuros as tho case, upon Investigation,may seem todemund. This inquiry may be solicited to the ascertainment of two classes of facts, 'i'be first, as to the authority |ios9'-FScd by this vessel to commit so aggressive an act on tno citizens of a ' friendly power,and then to claim a refuge and recognition in tlio harbors of Groat Uritalu. Tho second, in case the nature of that authority bo decmod sufficient, at least lit tho view of her Majosty's government, as to the purposes for which the ship is alleged to liavo como across the ocean, to wit. tho milting moro etfoclivo preparations in tho ports of Groat Britain for carrying on a war against the people of a friendly nation. In tho former case, tho question will arise, whether tho vessel bo or bo not subject to due protcss of law as a common disturber of tho peace of the world. In tho sxond, whether a recognizod belligerent shall or shall not bo permitted with impunity to violate the terms of her Majesty's proc'nination forbidding the fitting out within tlio ports of Groat Britain of any armament intended to bo used against a nation witli which she is at peace. Tho undersigned is com polled, with great reluctance, to call tho attention of Lord Russell to the fact, that for a period of many mouths largo steamers havo bom built, equipped and deapalcbud from her Majesty's ports, by pe s >m ill disposed to the government of tho I'mled States, with the intent to supply those who aro in arms toovcrtbiow it with further rauterlals to attaiu their object. lord Rvrenx to *r. atmmb. Korkigx Oi-rtrR, Nov. 23,1801. Lord Rusrell presents his compliments to Mr. Adams, and begs loavo to acquaint him that his letter, and tho inc'osjre, shall rcccivo tho immediate attention of her Majesty's government. Lord Russell has already given directions that do infringement of tiio Foreign Fulfilment act shun be per- | mi ted in regard to the Nashville. On November 28, Lord Russoil writes With regard to the first point, the undersigned has to state that the Nashville aunears to boaflonl'odAriite vnsco1. of-war; her commaniior and officers havo commissions in tho so styled Confederate navy; gome of them have written orders from tho Navy Department at Richmond to report to Lieutenant l eg ram "for duty " on board the Nashville, and her crew have signed articles to ship in the Confederate navy. In these circumstances the act done by the Nashville, of capturiug and burning on the high soas a merchant vessel of the United States, cannot bo considered as an act ' voluntarily undertaken by ludiviilouls not vested with powers gonerally acknowledged to be necessary to Justify aggressive warfare," nor does it at all "approximate within the doflnltlon of piracy." Such being the auswer of her Majesty's government on the flrst point raised by Mr. Adams, the undersigned passes to the second. The undersigned stated to Mr Adams, in his informal note of the 23d inst.. that ho had already given directions that no infringement of the Foroign Enlistment act should be permitted in rogard to tho Nashviile. In fact directions had already boon given to prevent the Nashville from augmenting her warlike forco within her Majesty's Jurisdiction in contravention of the Foreign Enlistment act. With respect to the allegation made by Mr. Adams, that some of the officers of the Nashville are to he put In command of vessels now iltting out in British p< rts for purposes hostile to the government of tho United States, tho undersigned can only say that,.if reasonable evidence can bo procured fo that effect, all parties concerned who shall bo acting in contravention of tho Foreign Enlistment act shall be legally proceeded against with a view to the punishment or tho persons and to the forfeiture or tho vessels. The remaining portion of the correspondence has reference to the probabilities of a collision betwoi tho Tuscarora and the Nashville in British waters, and the measures which were adopted to prevent such an occurrence. ENGLAND'S ESCAPK FROM tVAK TROUBLE. [From the Loudon News, Feb. 8.] The bare description of these Dion Boo!;a enab'es tho reudcr to form ? mo idea of tho constant danger of ignition which tne Amcruau civil war has biou .)?. as near to ourselves as a neutral State as if no broad .itlsullc lay between us and the burning home beyond. Contraband* of War from Englund) [From the London Gazelle, Feb. 7.) At the Court at Oslxtrno House. Isle of Wight, the Sth day of February, 1882?jtrcsent, tho Queen's in . st excellent Majesty in Council. It is this day ordered by her Majesty in Council, that the prohibitions now sub sting, under lior Majesty's royal proclamations of the 30lh day < f Novomber.'auu the 4th day of December, 1861, on the exportation out of the United Kingdom, or carryingcosstwiso, of gunpowder, saltpetre, nitrate of soda, hrinistono, arm.-, ninm nition and mihta.y stores (including percussion caps and tubes'), and lead bo, and tho said sovoial prohibitum* are. hoi ebi taken off. And tbo Itiglu Hon. the Lords Commla*toners or ncr Majesty ? ir<.saury are to give the necessary directlors herein accordingly. . ARTHUR HELPS. 'i ll British Pa 11 In mrnt. UK. SlIEl'UKKI' o AI.LK'iKD CiHKI Y AXr'tat- 1118 AKREST BY OKI'Kll OK UK. 8KW1UI) ASH KXPOMKIC TO TYPltt'S FEVER. iii the House ofliOrt.'s on tho Tlh lust. the fori et irnnrvon was anxious to ascertain the truth, or , other to obtain frcrn her Majesty's government a contradiction of a story which had been in ciruijntion during the last week or ten days. 1 hat atorv so -mod to him so monstrous in tho shape in whie.h it had reached this country, that ho was almost confident it must he full of exaggeration, it was tothe oil'ect that n Can ulian goiitlemm, a British subject, whilst tiovel irg on an Atnerii an railway, was arrested by order of Mr. Seward, Sccrolary ufritale of tho United States: that he was taken to the guard house, stripped and searched, and si.bjectod to very great nnd gross Indignity, und r tlie pro:euco that bo wnacouiiec'od with soino (wisons engaged in tho war In tho Confederate hiatus. Nothing was found to Inculpatuhim in the slightest digree, batbo wat taUen to prison In Now Yoik, where bo wna Inimmetl for aerural weeks, while ly/Avi teiyr was raging in th - ) r.Am, nrd carrying oJJ" it's virlims daily. Ho was detained w I.h alt being brought to trial, and without, n fact, a charge boimi ma .0 against him. Crmmunlcations . vi e opened by him v.lthI/wd l,y. ns through the United ftales government, hut whlWiut-bls obtsinlug any rcdrnM. I uiing that tiuio ho rocelvuil several lettors from tho TV lush fogntli n, hut tlio seal* were hrokeu and tho covers torn.' The most extraordinary part of I ha matter, huwevrr, was that at length, when he \r:w flered lit* liberty, It was on the condition that he should forswear bis owu nationality and swear allegiance to the Northern Slates. He (Karl of Carnarvon) could hardly bolieeo that s ich a state of things was possible; hut this win the story. It was said that this gentleman witn very 1 gr at courage and constancy refu*< rl to aecopt any such 1 condition, en.I pre. erred at tho rial; of hie lire and r>! great per*'ual sulTeiing ana Im onventcuco, to ruuiaiu hi 1 prison rather then acvopt a discharge on such tei nis. Ho was afterwards renyivcd to another prison, and .1 was ?aid thai after a tune, ford Lyons having Interposed. he wasoflored his liberty on a condition only oryo ih gree I loss extraordinary ibmi the former oao, nnnu ly, that he would n"t sugacn In the se vieo of iho Southern Stains I nor have any com musical Ion with tho Inhabitants. lie rofu. c I that condition,ar.d bo roma.ned In prison from tho 5th of October until the ftth of Janus. y, when h? receivod an unconditional discharge. It was also slated that other British suhjerls had boon confined in Ihesnno Prison, nnd subject to various tenrlctlnu* Tl ey had ' been trcate I In x i latiou of international rlgh n and privileges. Ho would not make any oommai- ; on ihs sub* Ject, bora-use bo could not bring himscll lo believe (hat iho facts were a* thsy had been ctslud. Karl It- sen , who was very Indistinctly heard, was > undrrat -od to say that on tho 2)ih 01 imtoiter a letter was written lo Lord Lyons by a Mr. thiuptiurd, saying ' that whilo travelling by railway?hn had been ah a p ut I Of Ihnliian.l frank KiiiiimiV- I,.*. . . >r?..l .l n...l .,10 > to a prison Hi Ww^York, on a hurgo or ?ntmpiracy i against iho UnHrd .state*. That forthor ntntiM tho ctiargo wm ipilto outrun, and tliat ho wan a loyal Hrllith anblect. It further ap;i?arol that ho wig a-kril lo taka tko oath of all'gitinco to tho 1'nltod States, niiil refused to do go. Lor,I I.ynr* sent a rcprrggnti'tton lo Mr. An want, and on th iSth of Novembgr ho wn to a roily, guying the ho hah nt first boon lot i<? b lievu (fiat tho ggntlotnnn was a eltizon of Iho Stn'p*. and Hint It was tt'Ur sell tin Itnprrv.i n ut! had oskod him to fake iho oath of gl'esiamv. T'ntwh'n it ! tnrnot ! that lin wan a rrm-h t h.othl; r* w a gtlll With'.oi l on Hi" ?;r<"i t l ?lut it tu t gjly n ih ; aini'loj *f tho Cure >rtMo c " ?' * P..j ,,!tt , att d< Dial t'#Hwl Mei'4'iilwt??lMMilf w*a moo | 3EKALD, WBDNBSDAY, Fi mM to aster into certain condition*, one at which wee, hi that he woe net to enter the Confederal Statee during ft the war. Subsequently he ?u liberated. The Uotue ol would understand that Mr 8*ward,aoum*d Ik* right Ike W frmidnd lo order Ik* nrrtel of any perron during the war tl I hit pleasure, whether a eitizen of Ike ttnitrd Stat** or U net. and Ik* law tffiaer* of hit auurnmeml amkntled thai M mttk a power allocked la Ik* Pretulmt under Ike eonilitulwn p of Ike Stale*. He bail no objection to produce the ourres- o poodence upon the eub^ect. hi The Earl of Girnaivon was sorry to bear that the facts m of the case, as he had stated them, and which ho coitid fr ecaroely bring himself to believe, woie borne out by the ci statement of the noble lord the Secretary of State for It Foreign A Shire. It seemed to him strange and monstrous that the government or the United States should, ou such a pretence, have violated the ordinary decencies which regulated the intercourse between friendly na- ^ tions. He should move for the correspondence, because 0/ he thought the House ought to understand the matter in ^ all its bearings. He hoped it would be found that when ^ remonstrating against the proceedings of the American government the uoble lord bad not forgotten to ask for ^ compensation for the ontrags. a] MR. GREGORY ON THE BLO'JKADB. P" In the House of Commons, on the 7 th last., Mr. Grhio- la rv sold that he ho had been unwilling, en the provious it ovening, to introduce any subject which could give rise it to n debate, but there was one topic which was on the vi lips of every one, and that was tbo rlfect which this ta lamentable American war had produced upon the popula- tk tion of England. (Hear, hear.) It was not his intention t?, to enter in detail upon tbo question on that occasion, but I> tliere was ono point connected with the war which ho was as justified ill alluding to, and that was tho condition of m tiio blockade of tho Southern ports. (Hoar, hear.) q< Ho did so because, last yoar, on the 6ih of May, at ho put three questions to the Foreign .Secretary, se ono of which referred to this subject. He l'i than asked Lord Kussoll whether his government or had Informed tho government of tho United Stales that their blockade, if not effective, would not bo recognized; to which I.ord Kussell replied he had not El thought it necessary to give any special instruction to our Miuistor at Washington, hut lhal Lord Lyons and tho United States government both knew that no blockade could ho recognized unices It was eifectivo. Now, documents had tisen placed in his (Mr. Gregory's) hands within the last few days, whicn showed considerable doubt to oxist with reference to tho effectiveness of the he blockade. Ho regrettod to bo obliged to express his conviction that theblockado was only a paper blockade, bnt he siioiild not then anticipate the discussion which must T tnko placo on tho production of tho papers. He had tnAFrtlv rib an fliftf. nvntifncr i.t\ nniiiu iirii hi? intnnfinn nf bringing the whole ifuettion if the. tlocl.ade before the House, because if the Ugures which ho should bo prepared to quote ahould turn out to bo true, then ho thought tho House of Commons would pronounce the blockade to be t0l inolfcctivo. On the other hand,it would rest unlh the goceminent to pronounce whether it was iffec'ive or not. ?" Whilst thoy looked at all these matters from a concilia- bi lory point of view as regarded the United Stutos,?l- 0f though ho should be the last man to advocate any act of hostility. still, as this country had acknowledged two belline ,D rent fiaitier, he thought that injustice to both, and to the suf- be fenng people of this country, no time should be lost in discuss- re ingthe. subject?(hear, hear)?and ascertaining whether this be Uockake was t'n reality effective. (Hear.) lb Mr. Drvtinck waa glad that the question of the blockade m of the Southern ports of America was to be brought Hi uuder the uotice of tho House. There were two questions of involved In tho consideration of the subject?namely, its fri commercial bearing and Its bearing upon the character fo of this country. Upon the commercial question he n< would at present say nothiug; but it appeared to nim perfectly clear that if his honorable friend (Mr. Gregory) Cc was able to substantiate the statement be had roro- SI shadowed?namely, that the blockado had been nothing tl m o o than a paper blockado?then the character of this Cc country was to a great extent involved In its recognition. a; Tho recognition of a paper blockade would,aa was ad- a mittod ou ail hands, be a violation of tbe rules of inter- it national law; and, assuming that such could be shown to w be the character or the blockade of tbe Southorn ports, he should like to know what become of the principle of ?on- n Intervention of which they had heard so much; for if the tl blockade ivas not efficim', its recognition would be an intervention in favor of the Northern Slates. (Hear, bear.) ol MK. CAIRO'S, M. P., OPINION OP GEN. HCLKLLAN. T [From the London Observer, Feb. 8.1 In bis recent speech in Dnmferlins Mr. Culrd, M. P., gi said:?.Sofar as my own sympathies are concerned,I have many friends in the N'orth. General McClcllan, the g. commander of tho foderal forces, I liave tho pleasuro of calling a porsonal friend. 1 ?;> lit some time with him in America, and he was kind 0110 igh to go with mo part of the way down the Mississippi. I round in him an tv exceedingly intelligent, exceedingly well informed, nLd exceedingly useful companion. I found in him those n quiilities which, I trust, have merited lor him the ligh position ho has been called ujo.i to occupy He ?.] xvms ho least boastful msu I ever met with in that eon::try. He lias had considerable exrerioncoas an engineer n olllce.*. Ho had boon appointed a commissioner 10 \-isit tl o Crimen, and ho had there examined the French, Kng- m llfli Itusslan camjs, nnd reported to his own country, whtih report may have been tho mean.: of ohuilnin for him 111 high |H)sition ho now occupies. 01 his military capacity I was no judge, and hud no opportunity of judging of it if 1 were, hull hope and trust he wlil distinguish , ,, himself in his present important position. I know j ol lie n , the gon.'ra'.s, and 1 formed very high opinions ;'t of thiM , a;ul 1 trn?t thai lliey will make good in tueir niirovT .lie oplt.ions which I, at lo.ict, formud of them. 0 satitn.; ?f the Tuocai-orn. [Southampton (Kcb. uj eapunlence ?f I .eulori * ??*. | r The fo'.eral steamer Tnscarorn left t-Vtven Konds this morning. Hor stvy lure forty hoars lnngui than in necessary shows tint her cmimsiiler, Captain ('raven, bad given up all (bought* < f chating th (.'oiuo.ivruie A Bieamer Nashville, which left here on Monday s'tcruoon. p, Thu excitomont which the presence of these vessels has JT caused hero for several weeks has now entirely eeased, cl nod the ruk s laid down by Karl Russell for the future Ft trraitneut of belligerent ships in British ports will pre- c: veut the probability of a recurret ce of it. _ Some idea of the troublo which the visit of these two Tl shtj s has caused here to the government authorities may pi be gathers 1 from tbo fact that the Tuacarora repeatedly 0. left iknithampton on short cruises, and every time c she did so Captain Craven gnve, In accordance with q interualionaUaw, twenty-four hours' notice of hie Intern u (Ion That notice had to be considered by the anlhori- r( ties, and stei* bad to be taken to see that it was net % t< dolurive one, and that the ship actually did leave when p the time had expired, or furnteh some valid reasoo for 0( not doing so, otherwise the notio# might have simply pre- p vented the Nashville leaving. It Is but lust to say that j, tho dimcult task of mediating between the rival ships, ? which devolved upon Captain Pa ley, Royal Navy, and two * olficors of his staff? Lieutenant Tickell, Royal Navy, and * Mr. Meesura. Royal Navy?In addition to their duties or ? superintending the transport service and the mail pack- ^ ots.hss boen psrformod in a manner most satisfactory p both to Captaiu Craven and Captain Fegram, and that both ? of those gentlemen havo had every legal facility granted u them for tbo peVfo.ntanco of their respective duties, and c havo been treated -.villi courtesy and impartiality by the British government. I, The Privateer Sumter. ! LRTTKK PKOM COMMANDE.T SKMUK3. , TO Oil KIMTOK (IV TBS ION IM)X NBW8. f-r?An ar<iclc lu tho Daily .Yeu>s, reviewing the rights | acrt duties of belligerents an I neutrals, has recently come g under my observation, in which ths following expressions occur:? n At the same time, it must be admitted, that both the Sum- v ter and the Nashrillt-have grossly violated the laws of civi- > liied warfare, by burning merchant ships to (be water's , edge, instead o! carrying ih'm be'ore a prise court. Theireon- 11 duct l-ti ei taiiily much more like t hut of pirates?AoWes humnni oniti V, tin the commander of the .Sumter say a Nor is it clear p that a community which sanctions stub barbarous proceed- ( lugs deserves to bo treatcit with the same consideration which .. la Hniver.-illr aucorded to thosu who themselves observe the laws of civilised warfare. Now, the ubovo remarks are exceedingly unjust?not tiiat I suppose you intended injustice, but you have not rightly appreciated the position in which we of the Con- j, federate S-ates have been placed by these "civilised'" nvtlous whoso rule of warfare you say has been vlo J. luted. Groat nrttain has ackn wletlgcd us aI a belligerent. 11 This a- knoivUdgment giocs tu all the rights of war squally ?] u-t'A the other rarty One of the most essential of these T1 rights on the high teas is the right of destroying the enemy's ?' commerce, end 'hiu ilisa'Jing him from carrying on the !, war; a right which Great Britain, lu all her ware, hee , exeictse i in Us rullest extent,mud with terrible eflhet 11 upon her enemies. And wheu she hoe not found it oon- J? venientto seud her prizes iulo her own ports she hes had " that overweening iniluenco with tho nations of the earth M which has enabled hor to son<l them into neutral ports, 01 aud there to have them condemned by her own prize court*. II Tho ports of tho Confederate 8Utee were blockaded on or about the 1st or June, 1841. Subsequently to this po- * riod ,and with fi ll know edgo of the fact, Great Britain, p' France, and Spain, and the leaser maritime Powers or ** Kurope, all Issued proclamations. daBnlng their poeitlons J1 ligei cut cruisers from bringing their prises into their fo ports?except in cut of necersily, and In that event both the cruisers and their prise* were to dopart within ?' twuutv-four houra. In this state of facte, how can It be '*

iiisi ted that we shall semi our prises iuto port for adju dlcution? Into whoeo ports shall we send then? We cm.not send them intoeur own porta, for thejr are block- 1 aded?at least so far blockaded as to render It dlfllcult for ordinary sail ships to enter them. We cannot aend them into any of the ports of those "civilized*' nations who are so shocked at the barbarity of our hurtling them. What, then, shall we do wHh c: them? They are our lawful prizes, captured, says Knrope.byihn cruisers of a recognized d* facto govern me^t. 'hall we let thiun go' This would deprlvo us of J| our r giit of capture, or render null that right, which is the time thing. And can this be what impartial Kurope , Intruded when it penned ttaproclamations? * It Is readily admitt?<l that the usual and more proper course is, as you say, for a cruiser not to "burn her prizes to the water's edge," but to send them Into n '*prits court for adjudication," and this is the couree which 1 need not assure you we would be t. glad t<> pursue if the thing were possible, for obvious reasons. But If the nations of the aarth put it W out of our power to pursue this course, Is it generous to flnil lault with us bsca s wo do not pursue It? To show yon tho earnest deslro which I had, In the heglnntug of hi my cruise, to send my prizes In for adjudtcixiion rather ,] than take the responsibility of sitting In Judgment on th m myself, I send you enclosed a c py of a letter which f addressed to the (levsrnor of the town of ('trnfnegns, p m the Island of Culm, as early as the Glh of July Is.t, Tin* letter will explain itself, and I have only to remark with rcforenco to K, that I bad not at its dalo seen the p Spanish proclamation. I rely upon your vonse of justice ? to give pinco in your columns both to thiscommunication ? and the letter. I? It. t-ESIilKS, Commander,ConfederateStales Navy. 0 S. stsimsr .Turns, (Juss.u.ta*, Jan. UO, MM. The Invitslon of Mexico. p ROW SPAIN KKWARIIS IlKil SRIKNPS AT VERA CRI Z. . A Isio tiKlcial letter Iroin Vera t'ruz to I'aris says:? One U ihe ..rsi ado of Unticral Unsset, afrer Uav ing taken '' p. .session of Vera rrnx, in the r.aino < f tho th. eo nhiod ? force s, was l?> ftirm a nnw Tribunal . f Qmtmc. eo, oilering I" the t. ding population of the city svery ilcslr h'o n g> a min e for Intro i v rod IntelMgence. f. Hi u i red 0 i'esidet if thai ti ilwuil ion Pa i n | ? '"rli'.i, on" r the rl ' vl c tr?. i? in Vera Cm/. | " Ms wot iizru siCadiz, and his Utiior lutU ?d ad t v 5BRUAKY 2!J, 1862.-TRI] la fortune In Mexico to remain fa.thful to oaim. appointment wu generally approved Wh.le waitii g for tho time be Moron in irritory should bo occupied by lite united forceeui tho ire# Powers, It wag necessary to devtso inoauKures for to pro|>er management of the general Amino b of tho oxicuii republic. 'l'Uo superior direction of itu art-ml branch of ti e public service was provisionally mfldi'd t? lion Goirgo Fla<|uer, a functionary of well nowu probity, who hal held at one lime llie uiuliageient of territorial revenuee at llavatiu. All the advices ?m Vera Crux agree in saying that tho collection of iho jstoms duties was elTeoted Willi tho greatest exactitude i tho name and for tliti account of the three i'owers. PKINlK NAPOLEON'S ORGAN IT OPPOMTION. | From the Opinion National.', Fob. ti.| lotsrveution to fouml u monarchv in a repii'Uctin court y, like all fn erventioa to change the form of goocrnm-ni 'a people, taust neceaartlg be an act fraught ici'h danger, ecanse it c in never he accomplished without recourse in a gri-ator or loss degree) to force and arbitrary dicta on?withoutan infringement of that priucii loot' national tvereignty which in si now bo considorod .uj tho bams of II diplomacy. Wo diro say that a certain amount of supwt for the scltemo will be found In Mexico. It will a very likely imagined, in all good faith, that tho iterveuing Powers are acting in accord with tho habitants, after tho assent of a certain number of iurilidnals and influential notabilities shall have beou ob lined. But Iho day alter the victory it will be found out at the national pride of the Mexicans has tern hurt, anil rturrextion will beamegeneral, just as was tho case in the nminlcan republic of'.or annexation had boon demanded, i we were assured, by the majority of the tintion. It lay therefore turn nut that in seeking to establish Iranlillity in Mexico wo shall only provoke new revolutions; id it might, | o haps, have been much hotter had Rirojio >011 fit to give a diplomatic support to the efforts of resident Juarez to put down hostile pari ics and restore tier. Hoard of Aupinvl ors, flJAH V. PlilDY TAKES UIS SKAT AS PRESIDENT OK TUB HOARD?THK SHERIFF'S COUNTY TERM FEES?PUTTY THOUSAND DOLLARS APPROPRIATED TO TI1K HARLEM URIDtlK COMMISSIONERS?STANDING COMMITTERS, ETC. A rogular mooting of tlio Board of Supervisors was ild yesterday, Supervisor Shook in the chair pro tem. The minutes of the previnns meeting wore read and proved. Sutter visor Sixwatt said that Kiiiali F. Pitrdv. tho nor it.en' chairman of tho Board, was so much better as to i able to toko his seat as presiding officer of tho Board. Elijah F. Pi'kvt was then conducted to the chair, and ok hi t seat as President for the first time since his set ion. Bofore proceeding with tho regular order of isiues;:. he said that before commencing the dischargo his duties ho wished to return his sincere thanks for 0 honor which bad been conferred on him, but ilng still very woak, and fur from well, his marks must necessarily bo vory brief. To 1 thrice electod as the presiding officer of e B ;ird of Supervisors wss an lienor of which any an might be proud, und which any man might covet, is best efforts should be used to forward tho business the Board; and after again asking thou to excuse him om making any lengthy remarks, arid thanking them r tho honor conferred on him, the regular order of busing was taken up. A communication was received from tho Corporation mnsol in refereuce to the legality of the charge of tho leriff known as county term foes. By this it appoars lat the Sheriif has no right to charge the county " term es " in suits brought by tho Commissioners of Excise gainst parties violating tho excise laws, but that he has good claim for his services against tho attorney briogig ths suits, or against the Excise Commissioners. It 'as laid over for further consideration. Tho Commissioners of Harlem Bridge sent in a commuicatiou requesting an additional appropriation of fifty lousand dollars. A resolution to that idfoct was adopted. The President then auouncud the standing committees F the Board as follows :? Annual Tuxa?Supervisors Davis, Roche, Stewart and weed. County Officers?Supervisors Tweed, I.ittle, Briggs and look. Printing and Stationery?Supervisors Blunt, Conner, tewart and Briggs. Criminal Courts and Poliee?Supervisors Shook, Roche, reismann end Conner. Civil Courts?Supervisor! Ely, Weismann, Tweed and awis. Charities and Correction?Supervisors Conner, Blunt, riggs end Little. Special Committee on County Court House?Supervisors ly, Stewart, Briggs and Littio. Harlem Bridge?Supervisors Stewart, Roche, Davis and oonor. Supervisor Tweed offered a resolution that the chairion of the different committees be appointed a Cummitie on Fuel, which waa adopted. A motion to take up tho Sheriff's bill of term fees, counting to $3,894 98, was lost. The bill of Peter Monneghan, for repairing books in lie Register's office, was ordered to be paid,after a reuction bad been made in the charge for wages fi om (3 j $2 50 per day. The Board then adjourned until Tuesday next at three 'clock. Meeting off the Street Committee. bo POSED WIDENING AND EXTENSION Off CHURCH STREET. A meeting of tbe Committee on Streets of tho Board of Idermen waa held yesterday. A numerously signed tition waa presented, praying for tbe widening of (lurch street, and proposing to extend said street from alien street to Battery place, the easterly line of said (tension to commence on tbe south Bids of Fulton street, lie extension will be to Liberty street, and from Trinity lace to Greenwich street. Tbe width of the etroet thus pened will be eighty rest. Messrs. C. Godfrey Guother, laflin, Melltn AOo., John J. Cisco, Arnold, Constable & Peter Gtlsey, R. K. Height, and numerous other pettoners, claim that the proposed extension will greatly lieve Broadway, and will afford better accommodation > merchants who are constantly engaged shipping goods rlbe propellers which have their landings on that side tbe city. About twenty or thirty morchanta end proerty holders were present, tho majority of whom wore i favor of tbe projected improvement. Several mips rere exhibited snowing tbe proposed widening. These rare thoroughly examined by the gentlemen present. . lengthy desultory conversation took place between tho lembers of the oommitte.i and tho gentlemen present, mong those who remonstrated against the pro|>osrd imrovement warn W. n. Livingstone, Richard McC-irdy, nd other large holders of property lu the lower part of lie city. No very strenuous objections were made, how vet'. Mr. Gnntbersald he thought the opening of thf street n tbo manner proposed would be a great advantage to he mercantile community, and would greatly relieve irnadway from the immense number of vohiclea with rhieh that thoroughfare is now crowded. Mr. Mtckle spoke in favor of the improvement, although i would ciit up his property considerably, and render omo of it almost useless. On the question being asked as to tho matter of assessncnt, Aldorman Boole remarked that the ('ommissionc s rere appointed by the Supreme Com t, and thoy would oubttess assess only tboso whose property would be mproved. i ter some further discussion the Committee adjourned, romisiug to grant those interested a further hearing at he next meeting of the Committee, of which due notice rill ne giveo. Police Intelligence. SnooiiKo Amuv? A Woha.nthk Vi'inr.?A dispute arose etween Charles Riley and a woman named Anna Smith csterday morning, at tho residonce of the latter, in Sixeih street, near First avenue, when Kiloy, bocoming rovoked, drown pistol and shot the woman In the breast, he Nineteenth precinct police conveyed the inured -eature to Retlevue Hospital, where, u|x>n examination, was found that the bullet had lodged In the shouldor lade near the back b >ne. The attending physician gave ea bis opinion that the wound was a very serious one, ad advised that Riley be kept in confinement until after is crisis. The assailant, who is twenty years of age id a bricklayer by occupation, was locked up for examlation. BcRGLaas Scantiest!.? Jn the height of the storm on onday night some burglars effected an entrance to tbo bolesale grocery establishment .No. 4 Broadway, and roceeded very deliberately to carry off several thoumd dollars worth of wlnas sod segars, when they woro irprtaad by the police and obliged to leave all thn phm ir behind tbwn. About two cartloads or goods were und piled up near the door preparatory to being rcoved,but nothing was discovered to ba missing. The irglara succeeded In making good tholr escape, and thus r the police have got no clue to their Identity. FINANCIAL AND COMMERCIAL. TtTKSDAY, Feb. 25?6 P. M. The following is n comparative statement of the (porta (exclusive of specie) from New York to reign porta for the week ending Feb. 25, and since tn. 1, 1862:? I860. 1861. ISfl'i. ir the week $1,818,711 9,046,608 2,4.16.112 revtously reported 10,02.1,186 18,376,860 18.1!>0,40.i Since Jan. 1 911,641,066 21.421.637 20.6.16,617 The export for the week and for the year to date ilia below that of last year. The event should am Congress that this is no time to suffer our hports of foreign goods to increase. In the course r a few months our exports of food to Europe may windie dowu to a nominnl figure; and, if cotton be ot ready to take their place, the doilciency will ivc to be supplied with gold. The money market, continues very active, and 7 er cent on call is readily paid by the brokers, in nper there is no change. First class short paper i still current at a lower rale than call loxns. Very littlo business was done to day in foreign xchsnge. Tfcf leading bankers nsk 114% for slcrng und 4.95 lor francs, but the best bills we lionr ol re 114 and 1.97% a 5-4. Opinions begin to be ivtded with regard to the course of the exchange tnrkct. Much of the recent Inquiry for bills has risen fron the link of American securities hero nr foreign account; it In now supposed by llie iiivign house-, ,!.?ir cotonier.s ucros* the tAler vJl '>? iriluciu l?j'our rvcaut vit iorka to PLE SHEET. bay?if ito, the supply of bills will be increased and 1 the demand diminished. , We Lave again to report a very active stock * market, with a large increase of genuine business- ' The public are certainly "taking hold" with a r vengeance, though as yet State and federal securities, bank stocks and first class railway bonds r command the preference over other stocks. The speculators?who a lew days since controlled the j b ilk of the floating stock in the marketa?re re- t ported to have sold out, at leaat in part, and the 1 commission houses appear to be taking a more active share in the dealings at the 11 Doard. it seems to be supposed on ai| t si<les that the disbursement of one bun. i dred millions of paper money by the Treasury De- [ partment within a few days will exercise a favor- i able effect on the stock business, and the leading commission firms speak sunguinely of their prospects. A rumor was current in the street to day ] that the Treasury Note bill had become a law. It J is well understood that it will become a law within a day or two, if it has not been signed already by the President, and the money granted to the Treasury Department under it will be paid out to the creditors of government as fast as it can i be supplied by the engravers. Government stocks were all in demand to-day. The coupons of 1874 (fives) rose 3 per cent; 1 the coupon sixes of 1881 %, and the registered %. ' As the banks hold large quantities of these securities, the advance in them is benefiting their stocks. There was a general advance of 3 a 4 per cent in the bids for bank stocks this morning; Bank of Commerce has risen eleven and American Ex. change Bank ten per cent within a few days. All first class railway bonds are in good demand. The Erie thirds are held at 97; the Michigan Southern sinking funds, which have only lately appeared to attract the attention of capitalists, rose 1 per cent. State stocks continue active and buoyant. Tennessees ro-e 1 per cent, North Carolinas %, and Missouris 1%. The^?uyers of Tennessees say that any war debt issued since the secession of the State wonld be unconstitutional oil the face of it, and that the State will re-enter the Union with the old debt of $16,000,000 only. The leading railroad shares were all very active. New York Central rose %^ Erie %, Erie preferred %, Heading ya, Michigan Central %, Michigan Southern 1%, guarteed 2%, Toledo %, Rock Island 1, Illinois Central %. These Western roads are said to have more business to do than they can manage. Their earnings show a handsome increase over last year. The only exceptions to the market to-day were Pacific Mail, which fell off 1% per cent; Panama, which declined 1, aud Hudson River, which fell off %. The market was buoyant at the close, the following being the laU quotations:?United States 6's, registered, 1881,92% a 92%; do. 6's, coupon, 1881,92% a 92%; do. 5's, coupon, 1874, 85 a 85%; Indiana 5's, 76% a ?; Virginia 6's, 63 a 64; Tennessee 6's, 63% a 64; North Carolina 6's, 72% a 73; Missouri 6's. 56 a 56%; Pacific Mail, 91% a 92; New York Central, 83% a 83%; Erie, 35 a 35%; do. preferred, 59% a 59%; Hudson River, 35% a 36; Harlem, 12% a 12%; do. preferred, 30 a 30%; Reading, 44% a 44%; Michigan Central, 64% a 55; Michigan Southern and Northern Indiana, 24% a 24%; do. guaran teed, 48% a 49; Panama, 120 a 121; Illinois central, 65% a 65%; Galena and Chicago, 69 a 69; Cleveland and Toledo, 46 a 46; Chicago and Rock Island, 56% a 57; Chicago, Burlington and Qulncy, 64% a 65; Milwaukee and Prairie du Chien, 20% a 20%; Cleveland, Columbus and Cincinnati, 109 a 110; New York Central 7'b, 1876,102 a 104%; Erie third mortgage bonds, 96 a 97; Michigan Central 8*8, tirat mortgage, 102 a 102%; Illinois Central bonds, 7'8, 94% a 95; gold, 103% a 103%. The subject of the new tariff is engrossing atten tion in commercial circles. Among our most enlightened mercantile men it appears to be conceded that it should be so framed as to yield a large revenue, by heavy dnties upon articles of prime necessity, such as tea, coffee, sugar, hides, lead, spices, Ac., Ac.; and that it ought, for the present at least, so to operate as to exclude from our markets altogether the leading articles of British manufacture, of which we have heretofore consumed about $75,000,000 a year, via:?Cotton, woollen, worsted, linen and silk goods, and manufactures of iron and steel. We cannot, under present circumstances, afford to pay for these foreign goods; and with every wish to reciprocate toward Great Britain the friendly feeling which her statesmen express toward this country, Congress cannot, in justice to our own people, continue to encourage a trade which is calculated to drain the country of gold at a time when it cannot be spared. Even if we succeed in altogethej suppressing the rebellion within a few weeks, our banks and our merchants will, for a long time to come, be heavily burtliened in consequence of tiro enormona expenses which have been incurred in the war. More than this, all experience shows that, if measures are not taken to guurd against it, tho restoration of peace will at once bo followed by an immense over importation of foreign goods, which, in the present condition of tho country, would infallibly cause a disastrous commercial revulsion before two years wero over. At some future time it may be practicable and expedient to reopen our ports to llritish manufactures; to do so now would be to invito a repetition of 1867 in 1864, and we therefore hope that Congress will guurd against the danger by imposing such additional duties on all llritish woollens, worsteds, cottons, linens, silks and hardware, as shall effectually prevent their importation. ( old wan feverish to-day, in consequence of rumors that the duties under the new tariff would be payable in gold. Opinions were divided as to the effect of this rule on tho price of gold, but the rule itself commended itself to public approval. This morning gold fell to 103; it*rallied afterwards, and closed about 103){ a %. The business of the Sub-Treasury to-day was as follows:? Receipt* $7.(0,038 M ?Kor customs 150.000 00 I'aymoata 689,128 39 Balanco 4,740,032 97 The North Star arrived this morning from Aspinwall, with a California instalment of $7.">9,246 92. The exchanges at the Bank Clearing House this morning were very large, amouuting to $2.7,715,205 22. The balances were $1,207,081 29. The Lawrence Manufacturing Company lias declared a semi-annual dividend of forty dollars per share, forty per cent payable on tho 27th iuat. The Cleveland and Toledo Railroad earned the third week of February:? Third week, 18S2 .$.'1,870 third week, 1861 20,.761 Increase $1,315 The weekly statement of the Philadelphia bunks, made up Monday afternoon, presents the following aggregates as compared with those of the previous week:? Ffh. 17. tfh. 24 Capital stork $11,970,190 11.970 190 Loans 20,$88.644 29,280,04:' Poc.$IOMM Specie ft.s40.3ft4 5,#'l7,flSh Inc 18.332 Due I'm other bnnks. 2,062,031 1,936,414 IVc lift/,47 Duo lo other batiks. 4 8 H ,442 6.206,203 I no.. 643,761 Deposits 18,8'J2,182 18.777,.'MX) Itu . S5.II8 Circulation 2,192,612 2.230,806 Inc.. 38,o9:i The Michigan Hoathcrn Company close* its (Ncal year on the 'iflth Inst. The following shows n oonw punitive statement:? I Oross earning* durlug the liscal yoar $2,160,000 i Previous jrcsr 2,o76,ooo , Inorasstou iho year *176 <on , j llio nut oarnins* will probably reach 1.126,000 liednct 7 per cent on $'J.714,704 of funded debt. 7ts) ino ^ Surplus on ibe yenr jgjj., ijuo 1 The float leg tclit Inst year was 1 The f'hicitRO Tribune of Saturday s?ys: 1 ' \pw York continues n drug. P?i Vr-: i.ik> It nt |iur 1 discount Iroui oustomcr-. nnd rlnsr-.- <m|. si lei s His dum <1 is ili i . Sl.osyu, |MH'S ni y vi 1 y U ft* y 11 0 ns- r.H of iaciisu, , n V.yliu 1 I Bp4i'ia|ly, If it nil, ami bunkers bars eviis'i 11 .or i I 0 tahnces than It is prnfl'able for them to carry. Ttao luminal silling price is <( imr cent proini .m, but round ols can be had by cuaio.i.ers at par. Gold U app ireully i little Qrmor at quotations, but tbsfe ih uo re. oral d. iiaud for It among the people. Tbe being price to day B 2 a ?.'j premium, sellii'ir at 3 a ?tho upjier flgi re o ' ruta.l parcels by some of tbo brokers. Tbe Cincinnati Otue'te of the same day renark k: ? kxchai go is plant/, with a moderate demand, and the riarkot i sy at |>?r buying and 'i p e.niuni belli, g. lie bind uss in tgold, which was light ?i< done at 103 laying, loj selling. bit it waa fir me-at tbo close, owing 0 on adv ante in New York at 103,tg a 1031{. The Boston Daily Advertiser of Saturday thus lotices money matters in that city:? Bonk specie, $s,':93,00.i?a gain ol' 848,200. Tlmre is 1 l.ltlc quicker domain. :<r money, b.l lie supply conmuisveri .ibuudaut at S 10 0 |>er cent l.ittle b . nuns taper is offered in tbo market, as the banks are discountng freely to tbeu' regular customers. Tbe demand lor lusintss purposes is quite limited. Stock Exchange. Tlksi at. Feb. 26,1862. 16000 US6'a, 81,00u. 81 % 50 slib Pac M Co.. 92 ii'jOO I'S6'S, 74,co?. b6 50 do *4 925g 3000 do blO 85,'? 25 do MO 92*,' 2f>i 0 Trea 7 3.10 ncn trrtr 20A N Y Central Kit c S4 4000 do 99 V 160 do ?30 h3V lOOOObioft'B, '60.. 90^ 150 do 630 64 4000 lit cou I dt>, 77.. 90 400 do ?3 83V 6000 HI cou Otis, '79. 00V 60 do *10 8&V 6000 III war him... 88 V 200 do bOO 83 V ,8000 do 88 V 200 Erie lUt 34 * 5000 Tenn 6 s,'90.. 64 450 do 34 V 2000 do 64 >4 160 do 610 3I \ 5000 do 641$ UoO do hiio 34V 18000 do 630 65 100 do 660 35 i',.000 do... 64 V 200 Erie RK pref ... 5->V 7000 do b30 64 400 do 60 6000 do 610 64 V l'?0 do 6i0 6'J 12000 Virginia 6 s... 64 250 59 SOOON C 6 b. 73 100 do li'lO 6*<V 52<.00 Misfiom i 6 s... 56 100 HarUsin URpre. 6 0 30'* 100( 0 do 860 56 60 11..d li KK 600 06* 2000 do 1,3 56 >* 100 do 6..0 36V 35000 do 630 6?V 20 1.0 30 2:000. do c 66 V 10 36 V' 16000 do 630 60 <$ 60 do 600 37 6000 do o 56 V 200 86 '.? 10000 do BOO 5?V 30 do 30*. 8000 do bIO 66 300 Harlem P.R 12); 6000 do 830 56 150 do 820 12 U 6000 California 7's.. 67 2( 0 Roadir.g 111; 44 6000 Brook ctv wtr I 1P1 60 do *60 44 1000 Erie KKlst m b 106V 25 Mich (.:u KH .. 64 V 4000 d<> 106 36d do 64; 4 7000 E RR3d mb,'83 90); 60 >0 ; 0 6;'; 10O0 llud Iiiv s f bd 101V 160 M Sfc.Mo KK 610 2j). 1000 Hud Riv 3 m b 84 460 do 23 V 2090 llar'm let ra 6 101 1. 0 do 620 23'; 1000 Hurh'm 2d m 6 94 )? 40 do 23V 1000 d" 94^ 12"> MSo& N I gsilc.. 47 6u0 Mich is) 2d ingo 70 100 do Bid 47 ?000 do 70V 100 do i30 47 2000 Mich >'o 8 f b'a 90V 100 do bio 47 V 6000 North Iu let m 9i? 2'O do 47 V 2000 do 90V 1?0 do b5 47'{ 1090 do 90 V 25 do 47 V 1000 do 90 V 300 111 Ccn KR *c :ip . 65 V 606 Chili MWd f bdg 87 100 do -39 Co1,' ICOOChiA NW 1st ni. 47 900Cleve A Pitta KK. 18 2000Cal k ( hilHt in 100 10 Ov.Ool A t'lu RR 110 3600 C'evATol *f bds s6 369 Ual At'hiRK. ,b10 69 6000 Ht,M ATol 6da 76 150 do 69 10100 American gold. 103 200 Clov A Toledo KK. 46 2900 do 103 V 300 do 610 46 6000 do b30 103 . 350 do 46V ldoOOO do 1)30 103 V 25 do 45 >< 5000 do 1.30 103V 6? do 880 45V 30000 do 1)60 103V 2O0 Chi hRI KK.blO 5?V 30000 do n30 103 660 do 69 V 31 (-lis Union Rank . 90 100 do 86! 17 lik ofCommnrce. 89 25 do 66 V 25 Am Exchange Rk. 87 200 do blO 66 V 60 Cumb'd Coal prof. 9 650 do 66 V 275 do 8 V 60 do 810 561; 325 do 8 V 66 Mil k Pr dn Ch IUC 20 V 190 Pacific Mail SS Co 92V 100 do 20 V 60 do 830 92 19 Mil A I'rd .Ch 1 pr 77 160 do 660 93 10 Mil A PrduCli 2 pr 67 50 do slO 92V HECiOND BOARD. $18000 US6'?,'81,reg 02 60*hs Pac MaiISS Co 92 V 66000 US6'8, 81,cou. 92V 50 do 860 91V 60000 do blS 92V 50 do 92 1000US68,81.0rwlVy 91 14 N Y Central KB. 83V 50000 Tr 7 3-10 pr cm 99V 60 do .83V 5000 Tenn 6'8,'90.b3 65 100 do s60 83 V 10000 do 610 65 10 Chi A Isl KK 66 5000 do b30 64V 100 do 638 67 6000 do 615 64 V 250 do 66V 10000 do 64 60 do blO 66 V 10000 Missouri 6'*... 66V 400 Erie RR 34J? 16C00 do 8(10 56 1000 do 35 9000 do 66 900 4o b30 35 V 6000 do b30 56 V 250 Erie RR pr*r. 615 69 V 5000 do 56V 50 Hod RiverKH. b30 3?V 5000111 war loan... 88V 100 do *>30 36 6000Chi A: NW 2d m 18 60 do b30 36V 4000 Hud Riv 3 imba 83 10 Harlem RR 12V 1000 Tol & Wa 2d m. 49 V 100 Har RR pref. .630 30 V 5o00 do 616 49V 100 Reading RR.. 600 44 2000 Gal* Chi 1st m 100 626 Mich So A N I RR 24 4000CleveAToUglba 87 890 do 24 V 16000 Amergold..b60 103V 60 MIchSofcNIgalk 48V iitnn .in iiwi/ ova an an is 10000 do b30. 103X 60 III Ccn RKscp jiOO OA 17 sits dm Ex Bink. 87 100 do *60 66.Vf 10 PaclScMallSSCo 93 100Clev#& Toledo RR 40 60 do 830 92 200 do MO 46* CITY COMMBRCIAb REPORT. TutSDAr, Fob. 26?0 P. M. Ash*?.?The market was qalot, and sales were llrallej at $6 26 for pearls and $6 37X lor pots. Bksahstits.?Flour?The market was dull at yesterday's quotations, with a fair domestic demand. The ales footed about 12,000 bbls., closing within th > followlug range of priors:? Superfine State $6 40 a 6 60 Kxirato fancy Slate 6 70 a 6 TO Superfine Western 6 40 a 6 60 Common to choice extra Western 6 70 a 6 no Canadian 6 70 a 6 60 Southern mixed to good superfine 6 00 a 6 40 Extra ditto 6 40 a 7 25 Good to choice family ditto 7 25 a 7 73 Ryo Hour S SO h 4 26 Corn meal, Jersey and Brandywi^e 2 Do .i 3 30 ?Canadian flour was less active, and prices t: cluing tl, while the sales embraced about 1.600 bbls. within the range of the above figures. 8oulhern Hour was in mode rate demand, with sales of 1,200 bhis. within tua ratigo of the a hose prices. Rye flour was in moderate request, wi'h sales more limited,at quotations. Corn meal wai steady at our figures, with sales of 160 bbls. Jersey and Brandywine. Wheat was dud and prices: Irreg.-ia"'- ?a,| % unsettled, whi'e sales wcro o nflned to about lu.ouo bushels. In small lots, at fl 41 for red Western. $1 33 for g(?>d Racine spring, $1 38 for goo1 red State, and $1 44 for red Long lsliud. Corn was heavy, with a tendei cy towards easier prices, the satus embraced about 24.000 l>-tahels at 62c. a 62J?c. for Jersey new and Southern yellow; ti'Jt^c. for old Western mixed, in store; 64 ',c. for do. delivered, ami 6Hc. a 70c. for Jersey new white. Rye was in good request. with s-los of 6,000 bnshcW at 84c.uSd--. j tar ley firm, with aalSS of 7,000 bushels, closing at 80c. a 82c. for State, on the dock, ami Canada West ut p. t. Ba ley mad was firmly held at $1 n $1 05. tints worn ate.tdy ?rul In moderate demand at 39c. a 40c for Cans dinn end W?torn, and it 41c. for SCite. Cokkkx.?The inarkot wua llrnt but quiet, tuio sahrs nn.imiioi tnnt. Mesrrs. William Scott A Sou give the follow Ing statements in their circular of to day regard in* (ales stocks. Ac., for the past week:?Stock of Rio and S-intui on the 18th February, 1S62,!'5,883 bage. Sales for con sumption osimiutca at Pugs. mock ot itioano Santoa on the 2'th day 01 February, 1SC4, HO.:M bags Juva, main, 18.376; gnvcrniueni hag*, 800, t'eyluu, mat* 2 600. Maracaibo, bags, 13.1*64; iuyra, 2,860, St. Do mlngo, 4,861 tuaru. 4,010. other descriptions,<4,960. Total mats and bar a, 131.64?. Tic quotation! worn for Kio, prima, 21 V,c. a 22c.; good, 20 kc. a Mr.; fair, ID^'o a 20c.; ordinal y, 18 ',c. a I9c ; fair to good cargoes 19)fe. u 20Xc.: Maracaibo, fle. a 24c..; Idtguayra, 216. a" 244' , Java, inula and Pugs,2(5- a 27c., a.l to r months St. Doming", 19c. nl?>4t:., cash. Tito sto. k of Rki on February 22 at llaltiinoia was 20/120 > aga; Philadelphia, 3,300. G it m*.?Duller mora c nfldonra prevailed among holders, c.?;?TiHlly in the iftcri uou, whlla tha sales footed n|i about 400 n 600 t alus, closp g <m the haata of 22c. a 2de. lor tniddih'K uplands. Private despatches stut'd thiu orar 2,000 bales wero conanrcad by Ore In Bonton. Wo bawd of preparation* to ship soma 2,500 Pal< nto Mv.irpool, I'hletly by a proniiiient bunking and bill hanac in Willi street. A oieamrr which brought soma cation from l,lvsr|iool has not discharged, ami It ia supposed that it is to go hack .vain. Kttnunrs.?Rat' a xroto whi'.o st.gag< naant* wsic mod. rote. To t.lrerpoot 2,200 lib's, of Boor air* ei . ago-', at 2*. a 2*. 1 !,d., 8,000 biuh d<>rn at 7d , In bulk ; 10ii hi lt. |??k at 8s. Rd.,260 packages lard at 20s Ufa) b 'Sea bacon at 20? , and oy a neutral vessel, 760 t icrcea lard at 22s M. To London l,0ts> bbla. Hour ut 2a. 3sl. 900package# bno n and lard at 21a. rtd; by t neillrsl' T.esel 4M) bUN. tlouc ut. 2s. 6.I .1P0 t ertca tie.f at 8a. and 20o boxes heron at 27a. Od. Kates to tltasgow "cr . quint and Hi" hanged. Havre eii|t.igeiiM-m* w re liiiida t and rater nominal at 18c for wheal ar.d 70< Tor 11 >nr Hsv.?The demand was steady, with ?aia* at86c a 9o?. for slilpmcnt,and at 98f. afl ("or city ueo. Mot. w rs.?-'ihe market .vua quiel. A small sain o." 10 hh la. Cnba was mad) at 24 kc NsVAi,Sr >Rits.?The market w?? Inactive and price' worn uuaei tied. A suit of loo bids, a irite turpentine whs rc|N>rtud .it *1 06. but Itsoorrivtiiese wsa vale <t,mb? ed. t'ominon roain wna nominal. Paovtsi je- ? l'ovk--The tnsrket exhibited mere rtrin near at th" cl sa. with an lea of 3.o00 Mils., a In ye portion uf which was for April, June end July delivery,at f!4 .'81 a $14 76 for next mess, with new pi tno at >10 .id a $1062',, .?Pd $14 for city prime. lie. f w is Arm, wit) sob sol 300 hbls.. clofln at $12 a $12 *8) lor plain mo ?. ami $14 a $14 26 for extia primo maw hi. was n? 1 nt Boof Iihm* W9f* r 'C Qi mo;, With sales f 200 hhls. at $10 .81/or W-?I rri?. x (lit meats ve*efppet. 'omII m'c* wer- lore c nt Bo a 5i,c. for liatns in asll.aod at ?. On longunt Nun*. i\i co wa flrtn?r and t steady request, with k lor "f Oort . . . -i ? ami I ha rt'in.-iin It nt ii.irtim ?r. IK>?rs, nn'fi pan ?i i'. - : " - ,?? i (I nric< " Pir.v -.1 If C ?*r? firm at U?1 I.' for \v -tent. and m ? > rwr / '>' ' ftf,, IV?*? amiiinr d. J. with V *'.f I..W> bblB. al 7\c. a HV- o*t tit-?t?H ?i"' fttrsprinjr <1- livery at BiHtn Wit h ', were uuelwi g- ?. t;.. _,t a'?of H ' i ma-Mat TV*. -i. u W><:?!' ?< miwctol about 1,8i0 hbtlt. Cni??f ,i O.'.,' - " f-T rciirtli g . t gr cot v grmle.J, . ml 74 lM-\r -. t* l at 8 M'* I'.v! w A.? -f 10,1'Ou ilt.T. of v.'tvfern Ka? read* > i i mn . * ?.< "ni th.i mwrH , # I .. : Uli'l it U"l'Cf t-i ' 1,'toO Mil*, ve 0 r i I oi ir,! a. *3 i??. \

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