Newspaper of The New York Herald, February 19, 1867, Page 4

Newspaper of The New York Herald dated February 19, 1867 Page 4
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AFFAIRS IX EMI North German Progress and Extreme Financial Difficulties of Austria. The Uuioo of the Peoples of Eng land aid Ireland Ratified at Manchester* John Bright'* Opinion of the Annexation of Ireland to the United State*. ?be Bank of Borland?Its Charter and Znflnenoo. The mails of the Chine reeched thla city from Boston yesterday morning, bringing our special correspondence and files, dated to the 2d of February, embracing inter, eating details of our cable despatches. The International Commission which has been sitting at Parts on the subject of the fishery convention be tween Kngland and France haa concluded its libera. It has been agreed, subject to the approval of the respective governments, to do sway with all existing restrictions as to methods or Implements or ffeblng in tho common seas between the two countries. The three mile limit is to be rotalncd, and each country entitled to carry out whatever regulations | may think lit within that limit. The close sea*? for oystors Is to be reduced by tho month of and half of Juue boing thrown open, and the lestrujlon Is to apply only to the English Channel. The polleeiregu latious for the pre ervalion of order among flsliymcn aro to bo simplitled and the penalties reduced. Thajirin olple of admission uf llshiug boats of either rounifi- to the ports of tho other for the purpose of selling their lUb, hitherto forbidden, Is to bo accepted, and regulations agreed to under which tuts -an be carried out with safety to the revenue laws. Some delay, however, may lake placu in currying this out, arising from the duly i4'led on fresh fish in the Fronch ports. The French govern ment had already proposod to reduce the existing duty by one-ball'?viz, to 2s. ibo ewt?hut as the ICudish commissioners pressed for the immediate or prospedive abolition of the whole duty, and as the French roraitU sioners had no power to enter Into an engagomenion this point, it will form the subject of direct negotlathns between tho two governments. Of the specie bold by ibe Bank of England the jto portion of British silver currency within a few werta, ending February 2, experienced an unusual increase?a circumstance due, says the London Time*, to the preva lent distress in the metropolis and the influence pf strikes in tbrowiug workmen out of employ and dimin ishing the demand for coin for wages. The following is the committee of investigation of tin Atlantic and Groat Western Hail war Company, appointot at a meeting of interests representing upwards ot $40,000,000 in London .?Messrs. Crawsbay Bailey, M. P.; C. Borthwick, C. 8. Crowley, John Fildcs, M. P., F. Larkwortby, Sir William Russell, M. P., and Messrs. G. M. Sandford, M. P., and George Worms, with power to add to their number. February 1, Mr. John Stuart Mill waa installed into office as rodtor of the University of 8t. Andrews, Scot, land. Abo'st one hundred and ninety students were present, the Arm students being In academic costume. Hie Vice Chancellor opened the proceedings with prayer in Imtln, and afterwards administered the University oath. Ibe rector was thaw invested with the robe of office, after which the Vice Chancellor presented him with the degree of Doetor of Laws Mr. Mill delivered hw address on itbe subject of a Unreorstty education, which was listened to with sustained attsniion and cor* dlally applauded. Letters from Madrid contradict the statement, which haa appeared in most of the French papers, that the Spanish government ad adopted, or was about to adopt, severe measures against the Puko of Msntpensler, In oeosequenco of certain observations allegod to have hash addressed by him to the Queen on the acts of her Ministers. It Is announced that tho Prince of Wales, the Duke of Edwburg, the Duke of Cambridge, Lord Stanley and all the members of the English commission are to be pros sent at the oponlng of the Paris Universal Exhibition. A rumor la prevalent that the Sultan of Turkey is liksly to visit Paris during the Exhibition. OCR SPECIAL CORRESPONDENCE. n^RiT?sur CUR BERLIN CORRESPONDENCE. General Maateaflel'e Caee?Rrelcnntlon or Dleeilaeal?Htate Allaire in Hanover?The Caee of the Chriattane In the Kast-liealth ?f the Ktac?Relations with Austrin, dec. Bhijk, Jan. 30, 1307. The news of the day la the diamiaaal of General Man teuffbl, once the favorite aide de-camp of the King and chief of hta military Cabinet, and lato Governor General of Schleswig-Holsteln. It bad been rumored for aome time that the Court influence which he had enjoyed ever since the acceeeion of bta present Majesty was on the wane, and the readiness with which the King agreed, in compliance with the wishes of the House of Deputies, to qmlt his name from the list of generals who were to be rewarded at the public expense oould not but be regarded as highly significant. Various reasons ars assigned for bt? disgrace, the first symptoms of which, however, may be said to date from the portod when he had to ex change his post at the bead of the military Cabinet for the more elevated but far lees Influential office of Governor of the duchies. His con duct during the war, when bo succeeded General Falk eastein in the command of the Army of the Main, ex CnwI great dissatisfaction at headquarters, and his out rageew proceedings towards the city of Frankfort ??"?? "??w--?*ssment to the Prussian ^?*ern ment by the effbct they pro<w?4 ?? puWte opinion, not only in Germany, but throu**out Europe. But what baa chiefly conduced t* nie fall Is his mania for speech making, and his going about from place to place In Schleswig, tolling the inhabitants that Prussia would never consent to give up an inch of their territory, and that be wonld dofend It with his body against all comers, slthough he knew that the Prueeian government had engaged by solemn treaty to ooneult the population of the Northern districts on their reunion with Deumsrk. Whether Bsmarck really intends to fulfil this part of the treaty is quite another question, but st any rate he has always admitted hie obligation to do so in case the popular vote should be given In that sense; end it eoald not be tolerated, therefore, that the Governor General should openly express those views wblch his government must be anxious to keep out of eight till the Ume aball have amred|for realizing them. Ostensi bly Manteuffbl retires "on accountof III health;" but this Is the usual rormula employed in such cases, and hie at ence from all his functions for a In '? ?lu,valent to hl.i being laid on the shelf Utegethev. Persona who bare seen blm lately affirm jnet ne is as strong and hearty as ever?the ex-Governor " * ra*n ">f gijtantic suture and immense physical that instead of going to Meran, or ,"thw ?oulh*"> clime, be has aigai In thamnrffy? 2 UklBg "P his shode at Mersel.urg, been 8"onT. "?? wimate of wblch has never ,f.lt favorable for Invalids, is e ctmp" h?aith has notblng to do with his M^Tn^om t>,,en Sieved hv the tbem here now em-red' the Prussian wmy^wbde'the balance have either been t?n.|,U offTti.rJukm servos In Austria, iUvar.a and the ,?inor dwrnTsutm "l! Pn,""n h'lhly satisfied at tb? ? suit; and most of the officers-fount Kielmanletgs Colonel Alton, Ac?who were confined in the cud': of Minden for endeavoring ?? prevent thetr younger com radee from entering the Prussian service, have liberty In consequence. The civilians, however In elufUng M. 8ontag, remain in prison, and win hard v be released before the elections for tbe North German Parliament, as it is feared, not without reason, that thev would exert their influence with their countrymen to promote the return of sntiPrussan candidates. The only Hanoverian Journal Ibat ventured to write, though In tbe most cautious manner possible, against Prussia* annexation, has been suppressed, the publisher three' aoed with the lorn of bis concession If be enntmuee' prut It, and the editor hauled off to Minde~ al by order of tbe military authorities* ^ without any nsfovenge to the ooorta of Justice. 1 ar serves notice that aft eplf s?eh papers as thsJTJf AwOmm but even the fiyian liberal press, exeepHpos, exeoso sr approve of this treat? e-' permit an agitation that tends to subvert the legally established poiith-al syst-m." It ta doubtful, uotwitb eiandtug, whether all these measures will have the de li.red edict oi' frightening away the 'partlenlalnU" or adherents of Hanoverian independence, from the polls aud leaving the held open to the partisans of FruSfeia, on the contrary, they only seem to increase the exas peration of the people, aud if accounts from Hanover ore to be trusted the united. opposition of royalists, liberals and republicans will appear at the electious In eu< h force that unless the ballot boxes are subjected to the same sort of manipulation which is ascribed to Louis Napoleon, the Prussian party will be beaten hollow in almoat every district. The collapse of the insurrection in Crete cornea very mat d props* for the politicians, who are busy reviving the Eastern question. We have so often been deceived by the Turkish telegrams that wo must hesitate to attach implicit faith to their reports; but this time it reallv looks as If they had told the truth, and, to uae the words of a French statesman, "order again reigned" In the blood-stained Isle of Minos Bismarck's organ, the North German Qautte, which has patronised the revolt all along and depredated the efforts of the Turkish gov ernment to suppress tt, still refuses to bslieva in its failure: "and besides," It adds, "even if the Turks have succeeded in crashing it, will that improve their situa tion T WU1 the forcible subjection of ti e Christian popu lation reconcile them to Mahometan rule 7 Will not the insurrection soon break out in another quarter T And how long can the Christian Powers continue to look on passively while their coreligionists are being massacred by hordee of Asiutie barbarians 7" Prussia is evidently determined not to let the matter drop, and the elforve.-cence of the Chriatian races Inhabit ing the Ottoman empire has risen to such a pitch that it will require very little encouragement to bring about a etate of things that will force the Western Powers to occupy themselves with the Oriental question, however much they may be inclined to adjourn It to soma more Utiiiig opportunity. The language of the St. Petersburg Journal, too, is threatening In the extreme, and it is positive that large masses of troops are slowly collect ing In the south of Russia, where a camp has been form ed at a point whleh is equally eligible for operations against Austria or against furkey. As/or Prussia, it la neudless to mention that she is fully prepared for every emergency; indeed, a semi-official paper states in plain words that if Count Bismarck should ask the Minister of Wur bow long It would lake for the army to be ready for action, the answer would be "eight days after receiving orders to prepare for it." By the lust bulletins the King was rapidly improving and appears now to bo completely nut of danger. His complaint was a severe attack of influenza or bronchitis, fiuitJ which half the population of Berlin have been suffering thi? winter, and his constitution must still be exceedingly robust for hiui to nave got over it so soon For the last few days ho has had daily conlercnc.es with Bismarck, aud lrns also received the Ministers of War and of the Interior, M. de Sa\ igny, and many other persons, including the new Governor of Schleswig-Holstien, Gene ral Mauslein. He is uot yet allowed 10 leave his private aparimnnts, but the irost having brokeu up and the westhi r become quiie mild, ho will probably be abl i ere ions to resume his out of door avocations. The Emperor of Austria baa resc tided the order by winch I hose regiments of his army that were callod al ter the King and Priuces of Prussia wore to cease to be ir the rumen of their honorary colonels. This has been done by the advice of Baron Beast, who rcprc ,-eu od the iw'i llic.y of a measure which was calculated to oflend a powiif i neighbor without Austria's de riving the slight si benefit Iroui it. There can be no doubt lliat tlie King of Prussia was higli v incused at this demonstration, which wounded bim in Ins tenilercst point bis sense of miliary honor; but alter It had onoo taken piaeo, it might perhaps have been bet ter to let the matter rest than 10 revive the memory of the Insult by a lardy reparation which will hardly pro duce the desired eflTtct. The animosity between Austria aud Prussia Is too dteply rooted to be removed by mero acts of courtesy, ant can ouly terminate in a struggle for l.fe aud death w^iob must lead ,o the total extinc tion of one of the two Powers. ^AUSTRIA. OUR VIENH. CORRESPONDENCE. Financial Condltloi of the Umpire?A Gloomy Prospect?The Clings in the Treasury De partment?Move ii?nt Towards a Couflsra lion of Church Pnperty to the 8t?te?Rich Kecleeiiuitlcnl Fleers In Preepect?Grand Ball at the AmerUn Minister's, dfce. Viknma, Jan. 29, 1887. Every one taking theshghtest interest In European ?flairs folly knows the/cry critical position in which Austria flhds herself at to present day. This is mora re markably exemplified win one examines the financial situation of the empire. Paying a ruinous interest for an enormous debt, and creasing yearly the amount of her liabilities, Austria aaat Dads herself at the end of her tether. Unable to no money in the country itself, not because there is me in it, but simply becaose ?? individual or firm teels dictont faith in the security for repayment offered by fc government, it Is not likely that she can contract outte any loan aulficteotly advan tageous to be of the stighst assistance in this her hour of peril v Count Larlsch retired thither day, leaving the finances of the country in the mo inextricable muddle, and is now succeeded by a gee man better known for the boldness of bis views andtae determination with which he executes them than f -his former dealings in State finances. I believe the tang# means mors tbsa the general public yet apprate, and that Count Lariseh retusod to remain at the Id of his departmsnt simply because be would not samn by bis presence there or his co-operation a bold st*> the government of Austria will attempt at the Irrepnble Beuat's suggestion. I may say at once tbahore is nothing positively known of the financial eta I am about to speak, that no paper in Vienna has to hinted at it yet, and that very lew persons speak of; at the same time I have been given to under* tan op very welt informed men tbat there Is a movement ?t, or, more oorrectly speak ing, a timid desire to set loot in high official circles, which will result In the ie wholessls confiscation of church property which mad Henry tho Eighth's reign in England, Louis the Senth's in France, and is bringing down the Pope's theroas on Victor Emanu el s head in Italy. Many ?instances favor the belief in the correctness o( these ors. Ftni?Mr. Beust is a bigi Protestant?if Protestants aver are blgotod. fecund?Protestantism is dly spreading in Hungary, whore the most violent itanco to these measures might be expected; and spread of Protestantism will certainly aid the moves. Third?Austria la reduoi inch a state of "sink or swim'' thai nothing but alNe extinction can abase or humiliate her unenviable pan; and in such a state a bold stroke, however unpop is better than uone. >?, urfA?Through the incrtg dislike to Jesuitism and the unpopularity of the En>r'a mother?tho sworn supporter of Catnolicism in tnplre?almost any meas ures contrary to her desirtould be accepted with favor by the lower classes, Wver look oa ner as the millstone rouud their sovero neck, which prevents him often from executing pfor the amelioration of; their condition. Allogeihersons who wonid have (?routed the ides of conflicsthf church property for the benefit of the state as Imfcis, ten years ago, now allow that with caution and -directed boldness for the two qualities are Mjmelin^,.existent?the plan is not only Icnaible, but desirabl As is well known, the churc gastrin is snormoasly rich, magnificently endow ed-bebiy more powerful through its gold than in anyr country in Europe. ; A general confiscation could iy be managed, but it Is presumed that such a partial as would completely relieve the State of its prosen^vy incubus of debt wouM not be so difficult of esmn as st first slvht appears. Be this as it may, torely give the last plausible rumor of the day, ntcause it has given rise to any sensation here?it c not do so, so little or it Is known, and by eo few?because it Is spoken of so confidently, and in such wtformed circles, that it is well worthy of notice. The conduct of the clergy In tgut war has embit tered public feeling against it. Iffer of two hundred thousand florins, tor instance, n by the prelates of Huugary, sounds wore# as beingl0| Ironically than ? mm a desire of betog of a?uce, and croatod just indignation iu all class u is noedloae to say that the goverame should it In augurate any movement ten to the total or even partial absorption Ojhurch property in Austria, would receive the beai^cperatlon of the Jews, who are a powerful body In Umpire, and influ ential through their great wealth, ou]d B0t be a bad joke to turn the tables on lhemael%0W?Ter, and de cree, If It were possible, a gen confiscation or property not in the hands of Chrtstl. Tims can only tell the correctness or unreliability his rumor, mors of which we may hope to bear of la)* days. It is generally believed that the gar tan Ministry has already been named, swl tbat % says only will pa?s before their names are made p^. Kven tf the Emperor has not gone eo fa- as i(ra bis positive sanction to their nomination, t is cra^d that he only welts for another sddr ss fro* the m commission of sixty-seven, which there is n- doubt wihortly be forth coming, announcing the Rtsgarians' cadence in thslr lisgt sovereign and desire ? ?<? iaranis<wKh the other provinces of his empire. ? be rented, however. that, although the ftung?'*a Met has aflptod In prin ciple the necessity for t?military ganlration, It objects to its enforcen*o* In lungsry f"tue present. Itbas lately boon sal '? P?b|a, ami rented in the presa without the _?wy>__?flhl*/'e?lsl blch follows almost invariably MJtM thi government views arc falsely 'hoMinitry has been considerably aft*1* w .*** "***7 reslsance of the German popula*? !" <* the elections of delegates J? 'a, and that while Inclined*? **JP toting which they appear to b #B *b# ="nKMant thsy also seem Inclined to ,*r Germane, their a magnets'- ^ meet with unex pe< t?d si'F?rtfj0? ^ u"probable rhlef if the oformed Hungarian Minis* BpiwBf> m rtn,g^e resolute antagonism of theJcmiaua to Hun gary independence. For the past days the press bVoccupied itself more with the in,^ quM,toDaof t|,?mpir0 than it htm done for aomi ,B6 an<j (h* poa f ilUiw of war are no lon|tr Uu favortto topic* obably no country or no press in E-ope |R M -art as that of Austria. Any stagagon tn warnks or political news of foreign pep* t* sure to be followed In Vienna by the more eag> disc owe on of home matters; hut the slightest breath of Rriii(f pre pa. rations puts every Viennese journal In flutter tor a r?,.'i h* accredited suppression of the .volution In lhe Eestern question rather flaUnd. conse WIT column now teems with Hsgyars, ' Tn^mprm, baa gone to Zurich to vltG ? ftfc slat* P 1 & righuy luleohed the trip WM >?o?l*ptwl tn* I by a fit of jealousy than by a desire to see the invalid. At all events many stories are in circulation and bun in abundance cm use the Viennese coteries dealing in scandal. Some months ago I wrote on the subject of the govern mcut lotteries ousting in Austria, to the great detriment of public morality. There is now a movement on foot to abolish them. Unfortunately, as they ere u eouice of grunt revenue to the Stale, I thins it probable It will re sult in nothing. Another sbamoful, well known and, indeed, al most recognised institution in Vienna Is the " usurious loan system." It Is Impossible eveu to gaess at the number if men who are making their livelihood, perhaps fortunes, by lending money at a moat exorbitant rate in Vienna; but from the innumerable advertisements and placards on the walls and in the papers it must be great. These men lend money on almost any security, on pawn tickets, horses, houses, drosses or any Imaginable thing, receiving in return the quiet little interest of ten per cent per month for the amount lent A private firm intends starting a business by wbioh they nope to realise handsome divi dends in lending small amounts at one per cent for the same period. Should this succeed the employment of the rascally Jews who at present "screw" the very life's bloed out of many a victim will have been taken away and a Massing rendered to the poorer classes of Vionna. Mr. Motley, our Minister here, gave a magnificent ball on Wednesday last, at which was represented almost every diplomatic misMpn in Vienna. The invitations covered a list of two hundred* names, and the affair was considered the most brilliant one or the season. THE ROMAN QUEITION. OUR CITY OF ROME CORRESPONDENCE. A Mas of PrtirfH on Trial far His Life? The Italian Mission and Beelenlaetical Ar rangements?Frontier?Travel and Trade Papal Authority?Art Commissioners frein Auierlra. Ac. Ron, Jan. 29, 1867. The supposed assassin of the Papal zouave is being tried by the Sacred Consults tribunal; but it appears doubtful whether there will be sufficient ovldenoe to con vict him of tho crime. All that is known or him at pres ent is tbat his name is Luigl Napoleon!; that he is the son of a spirit dealer at Acqulla, in the Neapolitan prov ince of that name, and that having had a quarrel there with a man whom ho murdered in consequence, he fled from Acquiia to Rome to take refuge from the Italian police, and found employment hero aa gardener in the villa of Princoss Sclarra, on tbe Janiculum hill. He status tbat he was returning into the city on the night in ques lion when he saw a confusion on the Piazza di Santa Maria, in frastovere, and fearing the encounter of petrols on account of his being a refugoe homicide he hid him self in a doorway, whonce the Papal gendarmes dragged him, and the zouaves wanted to Inflict summary justice on him by shooting htm, wbolhor guilty or not. It appears extremely improbable tbat tho assassin should have remained precisely on the spot where the crime was committed until the police came to arrest lilin, and it now turns out that the bloody poignard was found on tho ground, near the vic tim, and only a litilo pocket knife on Napoleom. It is totally opposed to tbe programme of tho National Coin mittoo to enter upon such a degrading course as that of assassination by hired bravos, nor can one imagine what benefit to the national cause could accrue from the death ef a solitary zouave; and, therefore, as tbe defunct was not a soldier of exemplary conduct, it is more probable (hat ho was murdered after u quarrel in some low place lor tlie gratilh atiou of private voogcance rather than po litical hatred. If tho Consults tribunal has a chance of convicting Napoleoni be will certainly have bis head cut oil, out of coinpllmout to the zouaves, but hitherto thorn are no proofs. Slgnor Tonollo has brought his mission to a satisfac tory conclusion, as lar as the arrangemsnt of ecclesiasti cal differences between Rome and Italy goes, and tho re sult of his negotiations is evident in the project of law imposed in the Italian Parliament by tbe Ministers torgatti and Scialoja, respecting tbe liberty of the Path olic Church and the liquidation of ecclesiastical proporty in Italy, which coo nuns paragraphs abolishing the Tl?. KOverumeat to nominate or present bishops, the oath obligatory on them and ether titmd churchmen, the royal place, the exequatur and other restrictive dispositions and formalities ot the earns nature. The privileges, exemptions, immunities and prerogatives hitherto enjoyed by the Church in tbe kingdom of Italy are abolished also. Tbe tuner mora important part of the Bcialtfla project respecting the liquidation of the church property has net received the adherence of the Holy See aa frankly as the IrxL and H16 if** ?? ,. ** tiundrod million francs to bo paid tar Uio Church through the ag ucy ef the Belgian bankers, Laagrand and Dutnonoeau. as a kind or ran 01 'U pruperly> * evidently so distaste ful to his Holiness as to bavo called forth the following official disavowal In the Journal of Home of tbo 261b ? Some journals have asserted that the Holy Futiier has given his sdhosion to a project, relating to ecelOMtunical property, formed between the govern neat of his .Majesty ?",1 t*ok'n(t house of i-augrand and Humoaoeau. This assertion m entirely false. ,ha bL^0Pri? o? Italy will lie imms. dlately provided far, anil between eighty and aiuctv expectant prelates will be appointed to Italian sees by common consent of tbe Holy See and the government of \ iclor Emanuel. Tbe selection of the new bishops |? lltU? trouble, but both parties are showing good will, and tbe Italian Councillor of Mate. torn, mendatoro Mauri, who has been sent here on a special mission to assist In this transaction, will doubtless lor Touclle!>U*fl fac'"lal? Uie mission of his colleague, Negotiations ef a more political nature for the removal of customs barriers and abolition of passports besides improvements in the Poet office system and other de partmeata, have been touched upon through the officious mediation of the French Ambassador to whoso suggestions tbe Pope is said to have replied that he had already some similar measures la contemplation, which however, as far as I can ascertain, will be limited to a customs reform. The plan has already been sent for examination to the Financial Counsel of Mate and its principal feature constats in the lowering of the Pontl cal customs tariff to the level of the Italian one. About throe hundred articles would be thus roduoed. but the measure does not attain anything like tbe removal of customs barriers, and, while lufl.cting a loss of some hundreds of thousands scudl annually on the Papal ex chequer, would not greatly facilitate oommeroe. With record to passports, it is not likely that the Fhpal government will give way on a point which, although very vexatious to travellers, It considers im portani.for its safety. Rome is now become a station on the groat main line of communication by rail between tbe northern and southern portionfof the UtNaTkm?. dom. and as such must by degrees afford facilitations for the transit of an Increasing number of travellers, but certalnlylt Is as yet a tabooed station, and wben persons of exalted rank or political influence in Italy L bv Rome, tor the lino cannot be said to run through the cft. ? ?*??* to s"nk through like thi eves',n the night. as tbe Prince of Ctrtgnano ?ad hi* so lie did at one o'clock en Friday morning last, travelling by cial train from Florence to Kapiss. We have a rumor provalsat, but not rat eonflrmed by any public act, that Fathvr Paaaaglta, the great ax Jesuit aali-Papal writer has mode bis submiavion to the Pope?''Iaudabililer ? ratyrwr." m tbe official phrase of the Inquisition, and that bis Holiness has consented to receive back Into tha true fold tbe repeutaat schismatic and forwarded bim by way of anticipation tbe apostolic benediction. Foreign recruits continue to arrive at Civlta Vecchia for the Pope's army. Tbe French steamer Quirtnal came in on Junday morning with two hundred men for the An tibes legion. Yesterday the United States corvette Tloonderoga, ( ommander R. H. Wyman, two hundred and tblrty-flve men. nine guns, arrived from Marseilles and Vlllafranca and anchored in the port or Civlta Vercbia, where she will remain sometime on station, relieving the Frolic, wbicb is under orders for Nice. Mr. a B. Ives has now an important work In hla studio?a colossal statue of Ilisbop Urownell, or Connec ticut, the founder of Hartford College, lu front of which building, in an advantageous position, being a rising gronad, tha statue, which is to be a bronze one, will ba erected. Tbe figure is about tea feet high, and repre sents the bishop in full clerical costume, extending bts right hand in the act of blessing, while in the lelt he holds the book of Altar Service. The expression of hla countenance is dignified and benevolent and the attitude natural, while tbe difficulties of lawn sleeves, great in painting, but almost Ineupertble In sculpture, bave beau skilfully conquered by tbe sculptor. Tha model, now In clay, will be completed in another month, bat tbe bronse casting will have to be executed at Munich, so that it will ba more than a fear before It will be ready for exportation to America Mr. Ives has just Umsbsl a marble bust of Mrs. Stona, of New York, in modpn costume and coiffure, the Judicious moderation ct the chignon giving something of a Greek classic tourmrr to tbe back hair. Tha Ilka new is good and the expewion delicately rendered lie basaleo in hand a grout or three figures, illustrative of a white captive claitwd by her mother from a North American Indian chief whom she refuses to abandon? a touching episode of the colonial period. A repetition of his charming litis figure ot Bana-Souct is ntshed and going to Clncin<atl. Mr. Ivaa is peidcting the composition of a ftmale figure?a Jewish Japtlve:?-By tha riven of RMiylon there we sat dowt, yea, we wept when wa remembered 7,lon. We baaed our harps upon the willows it the midst thereof." For elegance and depth of flwling this figure promlsefwalL BRI1SH RECONSTRUCTION. Th# t'alosof the Reformer* of Rsgland and Ireland Proclaimed and RatlBed-Jehn Bright*"d the O'lfonoghne on the Compact and Ifc Benellt*?Hotv the Rnpllah Reform era cd Mnfce Ireland a* Free aa If Annexed t# tF I'nlled Stales. Ac. [From tho London Times, Feb. 2.1 g noting was held in the Free Trade Hall, Manrhee ?fhSrETvX i. Porp' se of hearing tbe O Poao "V. ?i. Ilisi? Q,lc*,l,,n ??><1 the Importance of tha Mm between English and Irish Reformers." Tha qdir waa occupied t?y Mr. riright, M P. There were Ao present Mr T B Potter M P., Mr. O. Had field, V.-ie' L,iU' Mr R- Whltworth, M. P., Mr. J. M.?L!?r M A?"tage (the Higli Sheriff), the raVJli? ^ a ? * Bm1m- Mr Ernest Jones, he ,.TV.. y crowded at an early hour, and the iW*"^ ST""' ohoered as they mads tholr ipjw??r*noi oil too plutform. Mr. Bright, on rdiag, waa received with Ipud M4 loosed cheering. He endAlthough I em altogether unaccustomed to take the chair at great popular ms?l Ing* yet 1 undertake this office ol chairman to-night without much anxiety and without dismay. (Laughter and cheer*. I 1 am not aware that I bare ever before been on this plattorin with a greater sense of ease and comfort than that which I enjoy at this moment? ichemui- and this Is accounted for by two circumstances, I,be one iieiug that I think we shall pass this evening in groat harmony?Hist ths moetlng will be very unani mous on tbe sentiments that will be offered to you: and the other circumstance is tlus, that as chairman, keep ing myself to my duty as chairman, it will be rather my business to listen than to speak. (''No, no! I There are several thousands of persons In this hall, and to most of them the privilege of listening Is a and 1 have no doubt it Is so common that It J?J>7 ?? moans sufficiently appreciated?(loud laughter)?but, If you had ocoaaioually to stand on nj!? often done, and as my honorable friend la expected to do to-nlaht. to address a great audienoe oa a great quee tion with a great sense of responsibility, you soulil find that hitherto you beve very much undervalued your pHeiuS-lUUnersof Uii. J^i^S 22 mmt tor.) The object of this meeting?the direct and imme diate object is to present an address to my honorable friend, the member for Tralee. and to hear a speech from him, (Cheers.) I reed hardly b? the most distinguished members that ItoUnd^ the Imperial Parliament. (Loud cheers.) I think 1 need not claim for htm from yoa that courtesy which you will be sure to extend to him. I think I LiYroin that you will give hlra your appmval. and judgln* from what 1 have heard on past occasions, I shall be greatly surprised if you do neflistcn to u'^. 7'^ (pc"nneli The O'Donoghue is near relation of the " of this (great cheering), a man of whom EnglishVf k ia day?some of them at least-are accustomed to-speak in

terms of condemnation. My honorable friend rep senu a coosidersble porUon of his J?unUymen and, sisnding here to-night, 1 feel confident that he will ne able to do something u> draw Englishmen and lr'*b!10 ? nearer together for purposes highly honorable and ad vantagooua to them both. (Cheera) months ago I had a short, but very pleassntvisit totho city of Dublin. I believe It was truly a visit of poac?, or good will, and of an undoubted patriotism. I was enter tamed there most magnificently at a public ban quet, and I had i he oppor:unity the night before l left Ireland to speak to a considerable and public meeting assembled in one or the halla of the city. Now. I venture to say, whatever may have been Ihe corn menis upon that visit, and upon the speeches whioh l de livered In Dublin. I have some reason to hope that my labors there wore not wholly fruitless. (Cheers.) There Is as you all know who read the newspapers or asso ciate with IriBhmen m England, there it a very <?**?? aide parly ?n Ireland hentiU to England and hostile lo the empire. When speaking to them in Dublin 1 did not blame those men; tor I think In my conscience that m thine can bo more Justifiable in Ireland thai a dis like for what Ireland has seon for a long period hack ol the legislation of tbo imperial Parliament In regard to the permanent and just interests or that island. (Cheers.) Ireland lias been governed for the most part as a con auer-d country, and I am sorry to say it has been gov erned witn less of wisdom and of justice in some striking pat lieu tars than any in!e!''{lent cm (ueror would show to the conquered, ('iivrs.) There Is a party In Ireland who think tiiat If Ireland were severed lrom England, whether it were governed under ? a monarchy or under Ih- form qf a rpubhr, at an''J. dependent Sa'e, that if Ireland c mid be floated 2.000 miles t> the tve.tlwud, and were to beam' a portion o the ore it IFnii d S ates "f Anuriea, the retuU wuld be that Ire ami uonld b governed l~y Vi-m 'jon'y of h r o-rn veon'', oml to mid te directly rtiiumsibe for her own wel fare. (H-ar. hear.) Now, tbe separation of Ireland from Great Britain, from the United Kingdom, would in ail probability involve a despera'e ana .nog unary strife, the floating ?.f Ireland 2,000 miles to the westward Is a thing not physi ally poss-ble, aud therefore in the dis cussion of ibis Irish question 1 proceed Horn tbe basis that the political union of Great Britain and Ireland ?s a thing decided and flxod for a long time, and therefore upon that basis we should considor what can be donelor Ireland. If I had sufficient time, or It it ??te my duty to go lully into the question here, my object would bo to show trial tho pe i>le of Great Britain are not kettle to the tie pie of Ireland (cheers); Ih't if y mould poll aU the men in Great Britain, throughout England and Wu.es and Scotland, vou would not liud u mryority of them in favor or ma nialuliig an established Protestant Church in Catholic Ireland. (Greut cheers) Nor would you find thein ireiuna. (v.ieui -- ?> - v-, .. unxious to support a system of law with regard to land which perpetuates, nnd will coutiuue to perpetuate, ir continued, manv of the evils of the great cooilecauon which t"ok piace-wo centuries ago; ai d if the Irish national mid iib-'tal parly will join with the natiousl and liberal party in Great Britain I havo undertaken to show '.hat it* < on make the rule in Ireland jus' a% g ?d fur the true internsti or frvhnen at if Ireland were an independ ent Sta r, or loer , what we *ww to be impotnbU, an nexed to Ihe r p' h'ic of America. More thau louiieen years ago I spoke lu the House of Commons on tho Irish question, and I suggested that there should sometimes be ah Irish session of the Itopevlal I *ar Hansen t;b?l I am eon-clous now that Parliament Is not in a condition and has not wtthin Itself the elements and lbs power to deal fairly with this great queelon. (Hear, hear I The tory party, although ttm minority of the . h?m ofComSon^ V yet a vary.poworfnl ssinonty; it is a lares minority In the Hous.', although It? in num - ber, a very small minority of the noople I The present government, even If it wore to be admitted that thore are in its numbers or tn lis ranks Intelligent and capable men (laughter); If It were to be admitted thui there are menhmo af the government who gladly see a great change In thelegislation of the ParUa ment on the Irish question, still 1 venture to affirm that ths government would bo wholly unable to cany oat the necessary reforms. (Hear, hear.) Tho party Is n blind party and a perverse party. (Great ohoering:) Its prlncipiea are formed tip-m a dirreoord of equality, am* i justice (cheers); and I hops before long, as s parly govern ing tbG country, that, as its rise to power during tho IftHt year tvas built up upon tactics tbo most bise, w iti fail will be as rapid and as ignominious a? to cor respond with lis rise. (Great cheers ) Tbe only path to n real improvement In ih- legislation of the Imperial Psr I in ment on the great (juellon winch would affect Ireland is through a representative reform. (Cheers.) I have told before that ihe claw chlelly represented will notor wa not do it, and that it will require the strength of tbe opinion of Hie nation to eflbci tbe reformsJhat are re quired. (Cheers.) If the Parliament at Wretml aster would really represent the people of theUnitedKiag dom, then an Irish session would b* possible, and justice would bo done where justice has been to long denied. The measure* connected with the Church aed connected with the land once paved through Parliament?onoe having received the royal aseent?every Irishman in the lowliest cabin would have a new hope and n new Ufa. Tbe spring and tbe summer that nre soon to ooms will not more revive the herbage of our ?olds than tbeee grand meaauree of justice would nature harmony and loyalty in Ireland. I believe, after years of consideration and much reading, and much study of the question, that we might rely on the sovereign remedy of justice to heal the wound and to remove the discontent of Ireland; thut U these measures were passed?but probably tuia is only a dream?but if I were the Minuter the country (loud cheers), having imHuuer?if / were id d J to responsible and to powerful?extravognnl dory * speech, doobllest (laughter), but which, fur lb? 1** my argument, I may be permitted to ue*-ffu"?? measures were once piuu-od. aod were doors this empire, then I would throw opentodP"** oocre and let every political priaouerfrea 0^che?s.) an would trust the rirlit of the ?nw? of toM k^dom wim an unfaltering fhith to that vnae of toyaUy wWiffi won* be b?. un by the magnanimous Justice of the Imperial Parliament. The honorable speaker resumed **? and continued cheers. The r-> then came forward to ao a??? rrtif the welcome he had reootvcd. -He was Mwith cheers, again aad again renewed, la said aided the meeting aa one of peculiar aad even momentous amlAoaaee. He did not look apon the reception be had met wtth aa pernoaal to htmaelf, bat as an emphatic dedaratton hem the people of this ooenlry to the Irish people, of their approval o( opinions which he hold la oommoa with the maw of his countrymen. Ho treaghl that the Irish people were the best Judges of their own grievances and of the remedies which ought to be applied to them. He condemned the svstem of class legislation which bad been adopted in Ireland, and was 01 opinion that It waa owing to class legislation that the country had been brought almost to the brink of rain. The best guaran tee for the stability, power and happiness of the empire was the union if all the eubject* within It in n brother hood of freedom based upon and guarded by the Inde pendent exercise of a widely extended franchise. (Cheers) The events of the last fsw months had done much to Insure a candid and consequently a useful die (useion of the Irish question. It was Impossible that there would now be any inherence of opinion about the po litical state of the country, and thus a formidable obstacle to candid discussion had been removed. The late Viceroy stated openly In the House of Lorda f Aof Mere was a wide O/read dieajfecliim, and that aatement had hem endorsed |y Vu prenmi Lord Lieutenant and hil advitert, who had taken great credit to themselves for having prevented an insurrection by renewing the suspension or tbs habeas corpus act and making a mat display of military force. An attempt had been made to represent the disaffection in Ireland as foreign in ib ongus, and aa deriving its rltality from the other side of the Atlantic. That was not so. Knolieh rule in Ireland was eynmymenu with op prrttion and tyranny, lhere always had been a profound sympathy between the Irtah in America and their coun trymen at home, but that sympathy had only recently taken a political shape, owing to me Increasing facilities of communication, and te the growing strength of those who, from a despairing band of flying and crouching emigrants, had greduatly swelled Into n greet nation, confident In their might and almost frantic with the spirit of retal iation. (I.oud cheers.) No doubt, Irish disaffection had a powerful auxiliary in American nniaaiem, but no one could assert with say show of reason that this Feulaa Ism woe anything mart than the remit cf thai dimalbfac tion which had created and fed it, and in the abeence <f which Fenianitm w eUd he inexplicable, aad it) nqfecit aim Um. Personally, ho was convlnoed that nothing could put a stop to the combination union s voice wont across tbs Atlantic announcing n new era of equal laws and justice, and proclaiming that the past must be forgotten. To assert that Irish disaffectlbn wm the result of foreign Interference, and to abuse the American Irish were only convenient methods of globing over the diffi culty and of drawing the Attention of the Kngllah public from the actual condition of Ireland. He denied that the outcry against the Established Church in Ireland and the existing system of lend tenure were mere blinds, or that there was any covert attempt to resuscitate long burled animosities, and to lutorpose a barrier between that cordial aplrtt of nriendabip which ought to unite the people of soth countries. Having had a close intimacy with all cAasas of hit countryman, then, he could confidently assort that no antipathy existed in Ireland either lo Encflshmen or to Protestantism purely aa such. Ha never knew an. Englishman settled In Ireland who was not fcpular, o* who owsd his want of popularity to some ewroachnieW on the rights of others, which would havs made hid unpopular wherever he was. A dally Increasing mag* testation of friendliness between the maaseehad aoftaff* gown thai antagonism which waa, no douW, a prompm feature of tbs naat history of the two oosfltriea. /?'?* la advanoe hadnow bean Id**"* the reality of Irish dlmfwtlon. Bel be,read be feared tbejr ware not likely ts sdyaqpe for sor* Qe believed tfet tba qnaaia ar i>* m legislation. The government of EU?!5v?iS5,.!X>.? that there were no legitimate conaoo of that the disaffected could only be appee^ by"** lion of a character which no good .?*? X f^ bS Hitherto, no doubt, legislation had elgnally fwi^ out the fadur. was to be bribed, not tlon, bting bevoud the roach of just Uwa notM wem wnarily of OUT I0lfi8l!lt0r8, DOt tO AD iCCidclltAl UXlfiCa the tsct that ourlegislato? were elected from a class *11^, ,l>ec*(l'? ^ut goo OOU owe. (Cheers.) In Ireland there were abMt ?W,WW Demons occupying laud aa tenant*. Thto number in eluded only the heads of families, but ubln5 Xvrom I crate estimate of Lord Duffenn that each <_ >' ' slated of live, thev would have an agricultural population of clow upon 8,000,000. Of the 800,000 heads of faml^ about 680,000 were tenants at }^Ti ^ could be dispossessed of the land on the service months' noUce to quit; there were, ^wfore WO.OOO ptnou In Ireland without legal Mcurtty or any kind Tor the possession of their ["""VJJJf find whom at the end of six months might nna himself on the roadside, in the poorhouse, or rhe^cooM scrape a few pounds together, on board w American ship. They might hare toiled upon lha'r. ? im morn till night, and in so doing tb^y ?nl?l*t huave tm proved the leUIng value of the land, but, Mvmthmeej, the law enables the landlords to eviot the tenant without giving him scarcely a shilling of compensation. (Hear.) There were millions of his lellow countrymen living to Ireland from year to year in this slate of inseounty. U rendered them the me reel slaves; and unless they were differently constituted from the men In Manchester, in their inmost souls they must long for the overthrow or a system which oompwled them to endure sueh a life. (Hear, bear.) Then, again, the tenant could not bargain; he must keep his term os any terms on which It was offered to him, or bring either ruin or misery upon him self and those dearest to him. It was the fashion to talk tn some quarters as If land in Ireland was to be bad for the asking, whereas the troth was there was no land to be had. because the landlords fancied It to be their interest to have as few tenants as possible, and to keep the popu lation ml a low figure. Home years ago sn Instance occur red, which would probably be BtUI remembered. In which a considerable portion of the county of Donegal ? was almost depopulated by Mr. John George Adair. The tenants were able and willing to pay the rent; but some one on the estate bad been shot by an individual, and for the offence committed by this one person it wen decreed that hundreds should suffer the most excruciat ing agonies of mind and body. They expostulated, cried and implored for mercy; but Mr. Adair was mexorable, and surrounded by the soldiers of the Queen, his myr mid'onswent forth to drive the people out and to level Cir houses to the earth. (Cries of_ "Shame 1 ') The case was brought before the Lord Lieutenant, the lato i nr/i riAriiRie Ho expressed his sorrow \ but could not ml brought also berore the House of Commons, ?d1beThS? Secretary for Ireland, in the name of the government, deplored the act; ^ could by done to remedy it, for Mr. Adair naui the law on bis side, and there was no law for the ten ants Could it, then, bo wondered at that the POOP*6 t* a stliwa ia?m Ireland as bad and intolerable 1 The sstjiis:" Kss "*?^ iststs thrir bir h and Vicy bad a prttanp'ive right tn do to. Ttiov were* iireimred to toll in Its cultivation trom morn K^ht as no negro slaw ever lolled before and there ii?r? he aasertcd. in the presence ol that groat assembly of frf<* and enlightened Englishmen, that It was tho bounden d utv of tlie Stele, if they valued tbo allegiance of the neopS of Inland, to protect the present raco of occupiers iu the possession of the soil. (Loud cheers.) In conclusion he had one word to say wltbfrX hMith I Irish Church. He considered it one of the hwuUi- | ion sians of the times to be able to find an assembly of rroicstant Englishmen eager for an oPPgruinlty to paw sentence of condemnation on theJfreat church as ao unparalleled injustice to Ireland. (Great choermg ) He could not understand bow it could be reconciled wilh justice that seven hundred thousand Irish Protestants should possess the whole of Iheecclesl astical revenues of Ireland, while an equal number of Presbyterians and about four and a half millions of Ro man Catholics derived no benefit at all from them. (Hear hear ) It was for this roason that the dlsendow ment of ibe Established Church was called for and the application of IU revenue to some purpoSM of national urihiy. In debating the question of the Irish Churoh hs naut no regard to the numerous collateral issues which wore sometimes raised, such as -Which is the true Church f" ' What were the theological views of 8t Pat rick r" "Did he renounce the spiritual supremacy of ibe Pope aud oonform to the thirtymine Articles) (laughter); b it he (The O Donoghuoj adhered to the slm nie argument that, no maiter how these various issues might be decided, the fact still remained tbat ihe Estab lished Church was the Church ol a small minority of the Ir sh people, and therefore bad no title whatever to tho ecclesiastical revenue of the ooua'ry. (Cbeern) Ha honod no one would belteva that antipathy of ?heXonle of Ireland to the Established Church-la that from boaUMty to the tornm of Peotesiaotisnt. If it wore not say ^brterlan* it ?bo no more tinerferad with tone rreebytartaa im Indeed if the Kouaan Catholics wore offered Ibe eocieslasticat revonnoe of the country for t he support of sbair ?wn-veiigion, they would reject tbo poopohal. Tboy kaiiavod in tbo adnquaoy voiuotary systom, and' tboy were convinced that it woo tbo only wro foqntoioneo which religious equality and toluration of difference* nniiid rtt' in thooo realms. Loot, though not least, tnor saw that tho voluntary system commanded tbo approval o thai van majority of Englishmen with whom on evsiff ?uimihiB oocasion the Caiholios of Ireland were anxiou, HU was certain that the Eatahli.htJhurto could aot long reUia iu present position in deflation of tho orosreos of aa enlightened publio opinion. A* h* bad salSbeforo. good legislation tnightromo'e many of tbo causes of Irish disaffection but It OtwM ??***? dana until tbsru was a thorooghly, fsfusmefl ParUameei. <Loud cheors in tho midst of which the honorable gea tl^sn ^umed bis aflat; hnvtag spoken foraearlyan h?MrVsxv*T, of Dublin, expressed bis convictionithat 5^'l?oKSSf.IT3,.dX; otreform, and show their tyrants that tbeywere ready to ^iuwtbtho people of England and Scotland in oh tolningtbeir rigbu and defending them at *'|b***rdV^ Mr Vsnwom, M. P., moved and Mr. Bonnocx oan oodld a vota of thanks to Mr. Bright, which wan paaaad with groat outbuWasm. .. mlA Mr. Batoirr, In aekuowlodging toe compliment.^ s?a hto VAI atllM SUM ilMi ?T#TY OM WbO DM AllMMC ?? mooiins bad bean amply oomS6n-^jLJ5r which had boo. made r?pecti?g Imtand for and trouble ho bad oxpoadod. (Cheura)^ Samootl ed the moot confident hopoo torn_the^ ioff wwld very benrfickal Dolh probably l.nd,and in?n^L ^rourt ?ay that bo had never p^ti orw ^*' meeting called tot a nobler pur ^^mge'uien terminated. TNI BANK OF ENOLAMO. The RlrmlachmM Ohaakcr of Owmtm M the Hank Charter and Its Effect*. [Birmingham {January si> ooiraapoadeooe of Loadoa fiometims wbila the monetary panic was ragtag last yaar a oommlttee ?f this Chamber of Commerce was appointed to take inv> consideration the Bank Charter sot. A deputation frotn it bad alao an interview with the Chancellor of the Exchequer above the period above referred to for the purpaatof urging the withdrawal of the letter of the 4th at B*, aad. In order to "where the praeeara," ta "aab*U?tte another letter aothortatag the Coventor of the Bask nfffngind to aaske an ad. dlttonnl laana oi notea wtthou imposing nap reetrtsttoa sf the rata of discount" The follswlng report from his osmmiMaa, wbieh had asMinbied many tlmenwiU b> ?i man tod at the haff vearlr mesttsg of the Ohambns te-ntorrow araoLtmom os van oomtrmm. 1. That the Bank aot ahoald h rapealiid aad the gov ernment loan repaid. 2. That 'legal under" should ha gold and silver, or notes of the value of ?1 aud vpwrdg laoaad bp the gov ernment, payable oed*?"^ . . . . . 3 Tu at government ebon id ># empowered ta Imae othor botes of ?1 and upwasdho Ue extent of ball the annual revenue, not payable isgoleand ellver, bat re ceivable for taxea, cnsBmas am by ths Poet oniw, and secured by government stock. tbeBanh Charter Act of 1444. besides restricting the isue of provtncUU banks, divided the Bank of Engi^tta lwodep^.nta-vlit., the issue department aad the leaking department, and authorized anlMiue of notes htha extant of fourteen m.UlonJ mince increased to llftbn millions), payable on demand, in gold; bul mads ao brovlaion far a supple of void to meet such notea, the dsn dae lo the Bank ofBsg fand by the government bertha basis on which Utey are issued. It enacted th* for all other notes iaraad hy the bank gold aad allrerkhtmld beretained ta the proportion of at least itird-fourths of the former to nn* fourth of the latter f also enacted that the bank U ba'witb iu own note. .11 gold offered to it at the ftta A "? lit hL par ounce; and, farther that a week* sUoment sboold be published In M7S2E224 SSMSKSWa; ?SS5e?Vn the banking department In 7-TT g?mi extending the restrictions of the and Ireland. Tour oommittao earafull v /onsitared the objects sought to be at ^nldhv theVu, ,nd *?"> the way In winch thny have r{^?^uMtb??ct of 1444 appear to be l To orcvMe* l*P*r owraney regulated by law, part of "?n ? ,0" 10 the convertibility of such paper cur a?T# prtvent paoiea and undue floctnatlons la Urn value of oht>*T ?our otmmltU* ?? of opinion that, however desirable the attainment cf the first two objecia may be, the last is the ?a? whrh I* of paramount importance to the com iMiiTti of thfii~m"ltnr; aod th?l. in securing the first two, wt tnrfTnost Important bas been sacrificed To show thiiit Is oiy necessary to refer to the fact that, whlln thdw wer< tan variations in tb" rate of dieccunt for the twraty-rweyean previous to the passing of tbe act of j?4 mm* have been one hundred and forty-two changes .lice, and that while the extremes of the rate were four n.r mm axd six per cent during tbe former period, thap *eW two per cent and ten (>er cent during tbe latter. fioismittee are of opinion thst these Incerased Onctn sre caused mainly by the feeling* of distrost which irking of the act is calculated to prodnoe in circles aftected by the slightest indications of Impending liy. Tbey think that operation tends to contract the currency at a time when there should be a special means of expanding It. The trade of the country having mrensed threefold since 1444, there should be tbe means at command of mcrewd facilities for carrying It ?. Sines ths acl bas keen o operation panics have men as frequent and morn serious than before. Ths repeated so'i>ensltin of tbe Hank act, and tbe effect su b inch susjv ov.ons hove had In arm-tlng panics, are fnr iber proof that the not Is uns mad in principle. The committee find thai it has failed as aeorre ties measure, md that high rates of interest, Instead of attrac'lag K"'di u war anticipated, have loaded to impair English rredti, ? H >buis?g^n4ua ?AMinltplMt?W) diatrust'that lias been produced, our Continental creditor* Instead of the customary bill*, have required aula r> mit tancee, thereby necessitating a withdrawal of gold from the Bank of l?pgtand. In times of complete confldenoa> clearinghouse arrangements, checks, 4c., afford grand facilities for economizing the legal tender currency ; but the moment distrust arises such tedlltiea are less avail*, ble, discounts advance, or, in other words, the parmeuft for the use of currency advances until a point is reached which cripples trade and entails distress upon the coun. try. Tour committee consider It a grave error to leave the interests of the commercial community In any wow in the hands of a single joint stock company, whoat own profit will naturally be their first object Yoas committee are, theretore, of opinion thai the act <4 of 1844 should be repealed and the loan from the Bank of England to government repaid. The question of legal tender has had the careful attention of your coot, mittee, and, recognising its great Importance in refeea once to oar foreign trade, they reoommend that gold and silver should be legal tendor, together with note* payable on demand In gold and stiver, toned by a dm partment of the State. They also recommend that than should ba a supplementary currency or imee of note* not payable in gold, but secured by government stook, such notes not to be legal tendar, but reoeivable fog taxes, customs and by the Poet Office, each tone not* exceed one-half of the annual revenue. Iheoe noton might be put Into circulation as loans on consols si n fixed rate of interest to the borrower, or the govern mead might issue them through the agency of govern meal bankers, purchasing consols lobe held as security usual them. Your committee believe that such notos wo?M circulate freely when required, and bates inde pendent of the Influx and afflux of gold, mould maintain credit and prevent a scarcity sf cur rency. They also believe that depreciation of seek notes would be impossible, for, if from an increase ia the quantity of currency the notes were no longer re quired by trade, the rote of discount would tell, and hdf rowers being able to obtain loans at a lass cast would re, pay tbe notes to government and redoem their qpnaois; and the remainder, on the slightest evidenoa of depreot, at inn, would tmmediataiy be returned to government in payment of taxes end customs, and thus would ba wltto drawn from clrcuUfilon until again required. Your committee, io conclusion, submit their proposi tions to the aortoim consideration of the Chamber, be. lieving that, if adopted, they would plaoe the currency in this country on a more satisfactory J than was done by the act of 1844, and would be I likely to effect the objects contemplated by Sir Robert Peel when he introduced that measure?? measure which twenty two years' experience has shewn to bare increased rather than lessened the evils It was intended to remedy. A table is appended showing tbe fluctuations in UM rate of discount from the year 1822. MARINE DISASTERS. Low of the Ship Addison?Only the Captain, Mate and Four Seamen Saved. Fdbtlaxd, Feb. 18,1867. A coble despatch reports the loss of the sbip Addison, of Kennebunkport, with all hands on board oxoept Captain Sloaae, the mate, Henry Ward, sad four sea men. The captain's wife and child were lost. No far ther particulars of the disaster have been received. Wreck of the Bullish Brig Derby. The following particulars rotative to the lorn of the brig Derby, of wilch mention was mode in yeaterdayto Herald, have been (ornished by one of the passengers, who arrived In this city yesterday on the steamship Eagle:? Tbe brig Derby sailed tram Galveston, Texas, on the 28lh of Joausry, for iguape, Brazil, with one hundred and fifty pastengers on board, and a oargo which con sisted of mills (saw and grist), iron, naita wagons, agrk cultural implements and provisions laid in store for tha long voyace which the vessel was intended to make, nil amounting to the value of about $25,0Mt None of tbe goods on the vessel were ie sured. Tbe vessel Itself had been chartered from ?i 1L Ortot, of New Orleans, for $1,500. After tbe depe*. ture of the vessel from Galveston an adverse wind wmi blowing, but on Saturday, the davyrevloua to tbe wreak, tbe weather was 1 air and everytniig promised a speeds and uninterrupted voyage. Aboutthrae P. H. on Sum day the wind blew strongly from ibe north, and in h short time after tbe first gust shook tur sails it increased to a lively gale. AH sail was lurled with the exception of tbe mainsail, wdlrh was reefed, nod one of the jib* In tbe meantime the veeeel was slowly drifting towardn the shore. At balf-paai fouR fund was descried not mom than one taousand yards oO, anda few minutes after thte discovery was made tea worn) struok heavily Tan majority of the psrasnjscs t?Ma frightens^ bar w*ra noon quieted tar *?? ? Considering the lact that women and ehHdran o kll fflfM <if ncmnl mbIa ?y dajdight dawned upon us the vim* was sUU against the racks and threatetteg ht every mom gs to pteoes. Bo soon as it was Bgnt enough to work tha woman and children and old men wol down the sides of tha vowel wita ropaa ttod round thote waists. By this means evoty peroon was flnaNy sev*4 although with extreme difficulty, as at times, dnrlM tto oporation of lowering tbo >omra?on to tbe raohn to at lined the shore, breakers voald dash those whn stood to receive those let town ter shore wood. The proprietors of tee estate Ploys do Bone*, In ten rlonlty of which the wreck ocurred, did much to m. Hove the inoonvonioocos to which tbo paswngon sradto pot to, by furnlebieg ox teams tooart the oflhate tenon X* *** dohl? ?" lb?l to their power In aSX them teol at homo in their honsen 11ITISH WEST IWHEt. Me bare flies froa the British VnI Indian fated a* Kingston, Jamatoe, * the Mth of Jaeaary. Oar wneapotiwl a IM Mtf, wrtflag M Mm I of that day, says:? mt. Geo. & Tout ml to steamer to fire tnfortodioa to pt toe arrest of Goronoitrra. Be goes oa AT* taritoltan and at the expense of fee Jamaica Cbmmtttae to l*ndm?. spajr. and art Maangiy I ??????? the Queen is oemim out bersoif to see thai better paid. Thar aim assert that Sir Jno. Peter Great, am Gorernor, has gone to Headers* (la ooaaaqoeaot of snast dtaiurbanoe there) a see that aooe of the nesiesa are shot or bung. 80 mteh Tor the lessons England hah tangbt an Ignorant peoplarogardlng rebellion. General O'Connor, C. B., is now adminMerto* the gew? era meat as Lieateaaat Gotornor, in absence of Goreraoh Grant. A trade report dated en he 2&th of Jaanery aet>w The market continues dnll Early In the fortnight lhaah was n aoarolty of flab stoflb) bat the antral, almost st loltanoooaly, of fonr carrow from Halifax, baa re Bored is ?It, A eergo of flout and prorisionr (Tom Mam York bee not yet met with purchasers, end throe other; cargoes are not unloaded. A Tow alight partial shear ash hare fallen. The weather generally has been flee, wMfa good am brasses. There will be e considerable rallied off la the sugar crop in Vere, St Thome* to the Beat and Treiawny. The ooiee erep of ths high monatalas will try email. The lower mouniums hare already gath the grmtor part, and the bearing has been hoary. 1 Is erery indication that next erep wtM be narfy Ml Charters are wanted and are ooeree. THE WW OF QBE PUKtWTBtt. In iUlet-KtlHii Irwa itiiri Mi simttcrw Dbtpprtrti of, See. A numerously attended meeting or the New Yorii Board or Pir* raderwrtters wu bold yesterday aflifiiwo After considerable discussion on the suhiect of lb# propooed advance ia ran, the teUowtu roooiattoM von adopted ? , That the r*te? so mercantile and plenum rtaka nolenu) be subjected to aa advance regS by the following standard, Tlx.:?Rlaka now rtlaiTS ?l*??l#c?Uona of haaard. at M matS policies -??a* Reaoleed, That U eanta be added to the rale aa allbaOR. hp far the a bee nee of Iron shutters from any part of an budding which the Cemmittu on Surveys report aa asedtag auch pi 01 act'in. and aush ahattera shell be eo made aa to allow of their belngopenedfrem the outside, and to be ?f axed la a manner whleh ahall meet the approval of the On mlUee on Surveys. The ttae of rolling Iron doora and ahattora waa ab)ao>ai to on the ground that each abutter* and doora an lb* greatest obstacle the fireman have to contend with. The recent daMrnotton of Menem Chittenden b 0* *a atoav waa tnatnnoed aa aa lllnatrntloa of the (hot that wharn they am used it la almost ImpoaalbU for tho man to reach tho flameo and prevent the apnad of firna hi hotldlnga in whloh a fire ha* once oommonood. Ia ia. aStttSLe10 th" imW?ot the foUowlag resolation waa coital.ter any building having such do&VX.?\hattaim an belna without shutters. A reaolnuon wu adopted authorising tho Chairman aa appoint a committee of fire to confer with the 8t*ta .senate Iuurance Committee ta consider what legmUuaa la necamary to protect pioporty la thta olty from dun in tlon by fire. During the meeting It wu Incidentally mentioned by on* or the membera u a reason for advancing the ml a* that owing to tho heavy looms of last yur some oca*, paalee, whom stock wu quoted two or thru years ago at from one hundred and fifty to two hundred and fifty par arat, are now actually encroaching on their oapltai. SCROTAL Of 80HPED WHISKEY. The following General Order hu bean received la thlg olty by Collector Shook. It refers to the removals of whiskey for redistillation, transportation and rectiflca. tlon, to which attention wu called In Sunday's ni? 'iiy in consequence of the facilities afforded under the oM system to parties to swindle the government out of tho legal tax** and duties due thereon:? Tkiascbt Dwartmkvt, Or ram or Iiasus al Bgvmruu, t Washinotoh, February Ifl 1967. I Sr*:?The privilege of withdrawing spirits from oas General Bonded Warehouse for transportation la bond la another warehouse, class B, hu t>ee* heretofore allowed t>ec*u*e it was believed to be demanded by the natural. ti?s of the trade; but there can be ao each neoieslty fgp transfers la bond from oae warehouse to another whoa b?fh are located In New York or Brooklyn, and you era tnsinu ted to allaw no such transfers In future, ualaaa cpocim poranlmMn la glvea by the OommMaioaSr ia ahS CIM. *. A ROLhIVS, Oommlaslonar. Semi oas Snock, Esq.. Oailootor Thlrtvaeoend dMrfct, Raw Ynda, H