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The New York herald. [volume] (New York [N.Y.]) 1840-1920, March 23, 1846, Image 2

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NEW YORK HERALD.
New York, Monday, H?rrh >3, IMC.
Anglo.American Affair*.
We have placed on the outside of this day's pa
per, several extracts from the foreign papers
received at the Herald office. They will be found
particularly important and interesting.
Amoug the extracts are ail the articles that we
could tiud in the London papers relative to the re
fusal oi President Polk to settle the Oregon ques
tion by arbitration. But, apart from these, the most
important extract is that from the Timet, respecting
the European interference in the aflairs of Mexico.
That paper remarks, that " nothing is more certain,
than that the Oregon question is not wholly cen
tered in Oregon." It is very probable, from the re
cent deplorable events in India, that this remark is
true in no less than three points of view.
We have received an able letter on the aflairs in
Europe, from our London correspondent, which we
shall publish to-morrow, or next day.
The Charter Election.
The charter election, in one point of view,
opens this week in the eighteen wards of
this city, and will close at sun set on the se
cond Tuesday in April. The whigs select the dele
gates to their mayoralty convention some time to
night, sud the democratic primary elections tor the
eime purpose take place to-morrow in all the wards
In a week or less the names of all the candidates for
Mayor, Aldermen, &c., will be belorethe public.
This municipal election is likely to be a very sin
gular one. After all the efforts of many of the most
public spirited ot our citizens to organise a new par
ty, to obtsin a thorough reform in the abuses ot
municipal affairs, the democratic party has managed
to absorb the issue, and bring it before the people as
their leading feature, and hope thus to remain m
power.
The whiga have, as yet, made no development of
their views and intentions; but it is supposed that
they will endeavor to join the natives, and so secure
something. It is difficult to say whether or not the j
natives will join the whigs, in the face of their re- i
cent success in Philadelphia, unless it be to compel
them to vote for their candidate tor Mayor.
Of the other fractions and factional parts of par- >
ties, there is very little said. We learn that a fag
end of the natives have had several meetings, taken j
the name of "city reformers," and nominated
Justice Taylor for Mayor, and Wm. V. Brady for
Alms House Commissioners, the latter now being an
elective office.
This appears to be the existing condition ot the ,
parties.
It is now a matter of some interest to ascertain
what are the chances of these parties and cliqiut. In
addition to the local questions of a new city charter,
clean streets, and diminished taxation, the great na
tional question of the day will |>erform its part. The
aspect of aflairs in Washington?the struggle be- j
tween the 54 40 and 40 men, will have its eflects on
the local election of next month, and it is, perhaps,
yery proper that it should. That question, involving
*' peace" or " war," is one of vital importance to
this city, with its immense foreign commerce ; and
although the apparent issue will be " city reform," !
the great element in the contest is likely to be the ,
?' whole or none" of Oregon.
The work is to begin to-night in all the wards,
and the movements and nominations of this week
will, probably, indicate the character and result of
the ensuing election.
Railroads and Mails ?Since speed has come
to be of so much importance, and the quickest trans
mission of the mails a thing to be earnestly desired,
it probably would not bi a bad plan for State legis
latures, when they grant charters to incorporate
railroad companies, to insert a clause in the con
ditions upon which such charter is granted, making
it obligatory on the part of the company to transport
the U. S. mail at a price not to exceed a certain
given amount, placing the price low enough to
secure the carriage of the mail by the most expe
ditious mode. Ihe benefit resulting from such a
measure must be apparent to all. For instance,
under the new post-office law, the Department is
obliged, in many instances, to employ the more
moderately travelling conveyances to carry its bags,
because the railroad companies charge such prices
as to place it out of the power of the Postmaster to
employ them without assuming greater obligations
than prudence will admit of.
It may be said that the transmission of mails does
not belong to the States, and hence they have no
nght to interfere in the matter. But it is easily
shown that in this matter the citizens of the several*
Slates have a direct interest; and hence it is a
proper matter for State legislation. For instance?
a railroad is contemplated between this city and
Albany. It is evidently a mutter ol very great im
portance that our bustuess men have every possible
facility afforded for the most speedy conveyance of
intelligence ; and what if the railroad in question
proves to be this mode, and yet the mail be not
carried by ft 1 Why, it is evident that our merchants
mujt keep messengers almost constantly on the
road, or suffer the consequences of being over
reached by speculators, and put to other incon
veniences peculiar to the times in which we live.
We have thrown out this hint for the benefit of
thoee whom it is most likely to interest, hoping, of
coarse, as does every person who takes the trouble
to hint, that the suggestion may not be thrown
away.
Handling the Public Monrt with Gloves.?
In the late report of the City Comptroller, we notice
a very interesting item of eighty-two dollars, charged
for "gloves for the Common Council to attend
funerals."
Why the people should pay for the Aldermen's
gloves we cannot imagine. We believe, moreover,
that there hate been no public funerals, with the ex
ception of that General Jackson, since the present J
Corporation has been in power ; and tor this itself,
a biU)ot over 83,000 is presented?enough,we should
say, to cover the expense of gloves and all the other
little etceteras.
Moreover, we think the Aldermen must have been
extravagant to pay eighty-two dollars for gloves.
Thay must either hsve bought two pairs each, or
else paid over two dollars per pair. In either case
there is a lack of economy; and what do democrats
want with gloves I Who ever heard of one in kids 1
How very funny their " huge paws" would look in
them'
We should not now be surprised to see bills pre
sented for the Aldermen's boots, hats, coats, inex
pressibles, and wigs. It would also be very con
venient lor them to have charged to the "dear
people" their bills for washing, shaving, and hair
dressing. We have heard of handling money
" without glovesbut this more refined manner,
introduced by the city Corporation, will yet, we
presume, take place of all other modes.
What a happy thing it is that the election comes
off in two weeks. Shall we see these gloves at (he
polls i
Musical and Theatrical.?The two principal
thaatres have been crowded nightly, during the past
wesk, by the Mitt of the city, to witness the repre
sentation of a new opera and a new drama. The
season for amusements has fairly commenced, and,
from the extensive preparations now making, we
are lad to believe that another grand musical and
theatrical revival may be expected. At the Park
theatre, the celebrated comic opera entitled, "Le
Braseeur de Preston," by Adolph Adam, will be
produced, for the first time in America, this even
ing. At the Bowery, the grand romantic spectacle
of "Msrmion," founded on Sir Walter Scott's beau
tiful poem, will be brought out iu a style of great
magnificence. The Bowery Amphitheatre, under
the management of Sands, Lent dr Co., will ooen to
night with a talented equestrian irtmpt, and the re
nowned dancing horses, which have won the ad
miration of the fashionable and curious of Europe
Thus three novelties are presented id one evening,
oud ail tastes imp be gratified
The Mystic MnUm " of the tJnloo?Mof
M?Uc Telefnphi.
We published, a short time since, a list of tbc
magnetic telegraphs in the United States, including
such ss were then in operation, and such as were
in course of construction. Our article, on that oc
casion, embraced all the information we were then
in possession of; but, through the politeness of Mr.
Marshall, of the Boston and New York Telegraph
Company, we have received, at our own solicita
tion, considerable addition to our data, and have it
in our power to give all necessary information con
cerning every telegraph line in the country.
Several of these lines are now in operation, and
equal the expectations of the most sanguine of their
projectors; and the revolution which electricity,
applied in this manner, is destined to effect, is
already being developed.
We now proceed with the lines in operation, and
in course of erection.
The first in magnitude, as it is importance, is the
New York and Boston line. The "right of
way" of this line was not obtained until the
middle of last November, and all that has been
done upon it has been done in the midst of a
New England winter?a winter almost unparal
leled for severity. Notwithstanding this, the line is
now finished, and in the most perfect working or
der, Irom Boston to Springfield, a distance of ona
hundred miles. Thenco to Hartford, it will be
finished next Wednesday ; thence to New Haven
within fifteen days. Between New Haven and
Bridgeport the wires are being placed upon the
posts, and will be completed within ten or fifteen
days. From Bridgeport towards Nsw York the
work is in active progress, and the posts are set to
within forty miles of the Harlem Railroad. Before
the 1st of May, the entire line between the two
great cities, New York and Boston, will be in ope
ration. This, for a winter's job, is doing well; and
instead of being found fault with for any tardiness
of construction, the public ought to give the presi.
dent, directors, contractor, dec., a roasted ox and
plenty ot water power fully infused with magnetism.
The Boston line is a noble work. The wire is of
a large size, and the insolation is formed by a new
and superior process. The telegraph offices of this
line, so far as they are now established, are as fol
low :?
Boston In the Merchants' Exchange.
Worcester In the Exchange.
Kpringfleld.. ..Maasasoit Row.
Hartford. . ..Imlay's, cor Main It Foarl sts.
New Haven. .Brewster's elegant building.
This line consists of but two wires, at present^
but these will no doubt be increased at once. The
business between New York and Boston, and the
manufacturing bee-hive of the East, is very great,
and two wires will not do the business that will be
presented.
After this comes the New York and Baltimore
telegraph. The present eastern terminus of this
line is now at Fort Lee, on the New Jersey shore
of the North River. Within a week the terminus
will be at Jersey city, and communications will
then be sent over to the depot every ten minutes,
and telegraphed South. This line is finished, and
in daily use to Philadelphia. Beyond Philadelphia
it ia finished to Wilmington, Del., and the contrac
tor promises to reach Baltimore bv the 10th of April
next. This will complete the entire line to Wash
ington.
The Great Western Telegraph is probably the
next in importance. This line is to run from Phila
delphia to the Ohio river, probably at Pittsburg.?
From Philadelphia to Harrisburg it is now done,
and it is expected that it will reach the Ohio river
early in the summer.
The New York, Albany and Buffalo Telegraphs
comes next ia order, although it ia as important a
line as any on the list. It is in a great state of tor.
wardness. From Albany to Utica it is in daily un
interrupted use. Tnence to Buffalo the posts are all
up, with the exception of some twenty-five or thirty
miles. It is supposed that, from Albany toward
New York, it will intersect the Boston line at
Springfield or Bridgeport. It is the intention of the
President and Directors to be through the whole
distance by the 1st of July. The work is going ra
pidly forward, and the hands that it ia in, furnish an
abundant pledge that it will not linger. This line
is, also, a very permanent and workmanlike struc
ture, reflecting great credit upon its builders. Since
the opening of the section between Utica and Al
bany?about ninety-six miles?it has not been out of
order a single day. During this time the mail on
that route has failed more than once, showing that
telegraphs are as reliable as the public finails, to
say the least of them.
The next is the Lockport and Buffalo Telegraph.
This was finished last autumn and ia in line work
ing order, giving entire satisfaction to the public
and the stockholders.
Then the Oswego and Syracuse line. This is un
der contract; the money raised, and will be finish
ed before the first cf May.
And the Ithaca and. Auburn Telegraph, which is
now under contract, and will be pushed through so
soon as the frost is out of the ground.
In regular order, we have the Troy and Saratoga
line. This is also under contract?the money raised
?contractors pledged to finish and put it in operation
on or before the first of June next. This line will I
probably be continued to Whitehall or Lake Cham
plain, during the summer.
Then the Lowell and Boston Telegraph, which is
finished and ready to go into operation.
In addition to these large lines, there are two
telegraph lines now in operation, for the purpose of
telegraphing shipping. One of these is from Nan.
tucket to Boston, and the other from Coney Island
to New York. The latter, we believe, goes into
operation this morning.
And we learn from the Charlatan Patriot of the
, 18th instant, that it is in contemplation to establish
a line from Charleston, South Carolina, to Au
gusta, Georgia; and that the South Carolina Rail
I road Company, is now negotiating with the proprie
tors ot the telegraph, to establish it on the line of
heir railroad.
t A number of "side lines," intersecting the larger
lines, are to be built during the summer.
The telegraph enterprise is now no longer a mat
ter of doubt or speculation; and the stock ot the
( main lines must be tar superior to any stock ever
created in this country. The expenses of working
the lines are small?consuming no fuel?working
up no horse flesh? und using no expensive ma
chinery. The business between Philadelphia and
New York, proves that the stock will pay enormous
dividends, although that line is not in a condition at
this time to accommodate the public to the extent ot
its capacities, or the wants of the community.
Seventy messages passed on tEis line, which was
only a lair average of the daily business.
The rapidity with which this great discovery was
taken up and appropriated by the American people*
ia characteristic of their enterprise. But what shall
be said of the changes, social and political, which
bis subtle, though wonderful, agent will ultimately
efleet on our globe! Where is the man with nerve
enough to contemplate them 1 and who can look
into the future without dizziness I In the words
of the eminent South Carolina statesman, the Hon
John C. Calhoun, in his last great speech " Elec
tricity, the greatest and most diffused of all
known physical agents, has been made the instru
ment for the transmission of thoughts, not with the
rapidity of lightning, but by lightning itself. Magic
wires are stretching themselves in, all directions
?uen tl,e when their mystic meBhes
shall have been united and perfected, our globe it
sell will become endowed with sensitiveness, so
I u,al whatever touches on any one point, will be in
stantly felt on evenr other." We shall watch the
progress of thesa lightning lines with the greatest
interest.
Common Council.?Both boards meet this eve.
mng, it being the regular mght of meeting for the
Board of Aldermen, while a special meeting of the
Board of Assistants has been called for the purpose
of concurring with the Board oi Aldermen in acting
upon certain paper# that are expected to be brought
before thnni
Op*nln| of the Travelling Season.
The travelling season baa fairly opened, and the
most extensive preparations have been made, and
are still making, to supply the public with the means
of conveyance. We now speak of the local travel.
The Hudson is open ; all the rivers are open, and
our hotel books begin to indicate that the travel in
the ensuing season will be immense.
We have obtained the following list of steamers
thatj have entered the passenger business for the
season :?
Rand rick Hudson, Rip Vtn Winkle,
St. Nicholas, North America,
Columbia, Oneida,
Belle, L*tica.
Oeorge Washington, ?
roa HswrosT aim raoviosscs.
Neptune, Narragansett,
Mobegao, Massachusetts,
Rhode Island.
roa soawicH.
Worcester, California,
New Haven.
roa stonikotow.
Knickerbocker, Oregon.
roe eaioecroBT.
Earaka, Nimrod,
roa HaBtroao ahd saw Hares.
Koaciosko, Now York
Champion, **sro,
Eipresa, Travallar.
roa sraMroan asp roar cmeitcb.
Catallne, New Roohallt,
Croton. ?
Jefferson.
roa rursamo.
Washington Irving.
roa ELiraasTaroBT.
Water Witch.
This list is incomplete, but it is about as perfect as ,
it can be made for the present.
It is expected that the competition in the ensuing '
season will be greater than ever before known in :
this section of the Union. Two or three boats are
already running to Albanyjat very low rates of fare,
and when the Oeorge Washington and the other
monster steamers are on the line, it is supposed that j
the price of passage will be reduced to a shilling, j
with an excellent dinner included.
On the Sound route to Boston there is also to be
a vast deal of speculation and speed. The two
magnificent monsters, the Oregon and Knicker- '
bocker, begin their trips ts Stonington on the 1st
proximo. Five boats will then run to Newport and !
Providence; two direct to Norwich, with the splen- j
did new steamer California to start in a few days j
after; and two or three, including the Mutual Safe- j
ty, to connect the capital Long Island Railroad,with
the excellent Norwich and Worcester roads. Thus, ,
four routes are opened to Boston.
But all this steamboat enterprise is not to end
here More boats, magnificent and monstrous, j
will be built before the river freezes up again, and >
the public are to be still further astonished and be- J
wildered with improvements in steam navigation, j
We believe, however, that nearly all the speed that
can be obtained from steam machinery, has already
been brought into requisition by CorneliusVanderbilt,
Geo. A. Law, John C. Stevens, Esquires, and one
or two others. If more momentum is wanted,
lightning will have to be used.
All this is for local travel only. What are the j
means for foreign travel I We shall see.
Mod* op Procuring Jurors.?We have often j
been &8ked, and have frequently heard persona re- i
mark and wonder, how it was'that they were drawn i
and notified to serve as jurors in our different cri- !
minal courts. We, therefore, give below the pro
cess of procuring jurors, that they may understand
the system by which their names are obtained.
The grand jurymen are drawn first. For this
purpose, the ststute authorizes the Mayor, Recor
der, and Aldermen, to meet on the second Monday
in Julyot each year (which meeting forms a Board
of Supervisors). At this meeting the Alderman,
hand in about thirty-five names of respectable per
sons, selected by them from their respective wards,
to make up the 600 names which are required by
law, to be drawn as grand jurors for the Court of
Oyer and Terminer, and General Sessions; and
these names must be of such persona as are of up
proved integrity, fair character, and sound judg
ment. The name, residence, and occupation must :
be written on a separate piece of paper, folded up, |
and deposited in a box in the office of the County !
Clerk. Fourteen days before the holding of any !
court, the clerk thereof draws from this box, in the !
presence ol the Sheriff, an Under Sheriff, and one j
of the Judges of the county, the names of thirty- j
six persons. When the drawing is completed,
the panel is signed by the above officers, six days
previous notice having been given of the time and
place ot such drawing, in one of the public papers.
The panel is then delivered to the Sheriff, whose
duty it is to summon the persons so drawn to serve
as jurors, and to return the panel so drawn to the
proper court on the first day of its sitting, together
witii a return of hia manner of summoning the same.
From the persons thus summoned, the court empa
nel a grand jury of not lead than sixteen, nermore
than twenty-three, jurors, twelve of whom must
concur in finding a bill ot indictment. The mode
ot obtaining petit jurors is as followsTheir names
are returned by the Board of Assessors from their
tax roll?placed in a box, shook up, and drawn out
in the same manner as the grand jurors.
Therefore, if persona who are exempt from jury
duty report themselves to the Aldermen and Asses
sors of their respective wards, it would save them
much trouble ana tune.
Theatrical*.
Pabb Thiatbb.?" La Brasseur da Preston,* by
Adolpha Adam, composer of tha "Postillion," will ba
performed this evening at tha Park Theatre, for tha Aret
time in Amerioa, by tha 8a(nin troupe. Tha "Brewer of
Preston" is a comic opera in three acta, and the mnsie is
of alight, varied, novel, and agreeable character. In
the last scene some complicated and astonishing effects
will be prodnced, and we have every reason to believe
the opera will become more popular than any hitherto
presented to the notice of the New York public. Tie
scenery is all new and magnificent?the costumes and
decorations of the most picturesque and brilliant de
scription, and the choruses full and effective. The ope
ra has been s long time in preparation, and neither pains
or expense have been spared in getting it up?nothing
that would serve to render it worthy the support and
patronage of critical and intellectual audiences has been
omitted. Mr. and Mrs. Segnin and Mr. Frazer are all in
excellent voice, and never were more popular than at
present We understand that several other grand ope
ra's are now in preparation, and the brilliant success
which awaits "La Brasseur" will ensure their produc
tion at the earliest period.
Bowsav Tmbatbb.?'The grand, romantic spectacle of
"Marmion," founded on Sir Walter Scott's renowned
poem of that name, will be produced for the first time
this evening, at the Bowery Theatre, in a style of unpre
: cedented magnificence and splendor. The scenery ia
' new and of the roost picturesque and beautiful charac
i tar. Tha splendid costumes and armors of the knights
have all been taken from the beat authorities, and the
whole afiair will be one of the most gorgeous
j pageants ever produced at this establishment The enter
S rising manager, in order to render this composi
oubly effective, has secured, in addition to his own com
pany, tho services of a talented equestrian troupe and
! dramatic eorpi, consisting of thirty-two male and female
! riders, with a stud of fiftv beautiful horses. The plot
; of "Marmion" is one of thrilling interest, and the lan
guage is sublime and cbast*. The lust scene?the battle
of Modden Field?we learn, will surpass in richness
and grandeur any thing of the hind ever before wit
1 nessed. Here the terrible words fall from the lips of
I the dying hero?" Charge ! Chester, Charge! On,
Stanley on." John II.Scott's delineation of the charac
ter of the indomitable Marmion, and Mrs. (J. Jones'
Constance, would alone ensure a crowded house. As
it is, we doubt not that tha theatre will be thronged by
enthusiastic audiences, for a long tints. The attractions
of such a play as this, increase with every represents
tion.
Bowsav AurHiTHssTss ?This establishment, which
1 has been thoroughly repaired and fitted up in a style of
| considerable splendor, will be opened this evening, for
the first time, under the management of Sands, Lent h
I Co. The greatest novelty ever offered for the notice of
i the American public will be presented on this occasion,
consisting of twelve diminutive, but exquisitely formed
ponies, purchased by Mr Sands in Europe,who perform
a variety of the most curious and wondsrful feats. Two
of them, while standing in erect attitude upon their hind
lege, have been taught to put on the gloves, and wres
tle, spar and fight, after the manner of the most oelebrat
ed pugilists. Two magnificent dancing horses will
i also be introduced, who nave performed before the so
j vereigns of England, France, and Holland. They were
' purchased from Franconi's establishment in Parts, and
the feats they perform ere truly wonderful. A talented
and oelebrated equestrian and dramatic eorpt have
j been engaged, and one of the best stud of horses in
this country will enter the ring. With such attractions,
the Bowery Amphitheatre will be nightly crowded by
the tUu and curious.
The EthiOviaw Hsrmovists at Talsso's Opera
House.?The succession of fine bouses at Palmo's in
duce* the " Harmonists" to remain yet eootber week,
ire they proceed to fulfil their other engagements at
the South and West. Tbey have thus far been very
successful, and a large portion ol tbeii songs rseeive a
very well merited tncore from the multitude who great
them nightly They well deserve the eucouregsaeX
k thev receive (
The Question.
We have reoeived the report of the minority
of the committee to whom was referred that por
tion of the Governor's message relating to lease
hold estates. It was written by the Hon. Joshua A.
Spencer.
The following is a synopsis ot the report t?
Alter some preliminary reading, dec., we come
to that part wherein is detailed the measures prayed
tor by the tenants. These are?
Firstly, That in all prosecutions upon thess leases, the
tenants shall be at liberty to deny the validity of the
original Utle under which the grant or lease was wade,
and to require tbs plaintiff, before he shadl be entitled.to
recover, to establish the validity of the title under which
he claimed to hold such land at the time of giving the
laaae, and to relieve the tenanU from any estoppelor pra
of title in the landlord in conaequence of aav
aumption i
ing taken the 'ease or held poasession under it
Secondly. To abolish the remedy by distresa for the
collection of rent*
Thirdly. To tax the rant or income growing out of
these leases, and all laaaaa having over a few yeara to
run ; and,
Fourthly. That the State, by the exercise of ths yewer
?f rminent domain, shall take whatever intereat the pro
prietori have, paying a just compensation therefor, and
than tell auch interest to the tenant! in fee simple, dis
charged of all reservations.
In answer to the first of theae the Committee say, that
there is no bettor settled rule of law, nor one roating on
aounder morality .than that a tenant who takes a laasa of
hia landlord, and enters into poaseaaion under |it, shall
never be heard to dispute or question the title and pos
session ha thus takes, until alter he surrenders such
possession. If ha ia not satisfied with his landlord's title,
or if he baliavea he bat procured a better one himself,
he has only to surrsndar the pcsseasion ha thus took,
and ha ia at full liberty, without any embarrassment be
cause of the ltasa, to asssll him who was his landlord,
and try the "inquest" in the courts, whan and where ho
please*.
If A rent his house to B. for a year at one hundred
dollars, and ha should refuse at the expiration of the
term either to pay the rent or surrender the possession,
who would doubt tbat it would be most extraordinary
legislation for us to pass a law allowing B. to set up a
want of title in A. whan he ia aued either for the rant or
th* possession T But it may be said that, it ia only in
cases of laaaas far long terms that the rule is sought to
be changed. So, indeed, it ia. But had B. taken his lease
for fifty years, entered into possession, and remained all
that term undisturbed and the title unquestioned, would
the presumption of law that A'a title was good be weak
er by the long continued quiet enjoyment under it, or
lie of i ..t-v.s
would the rule of evidence which the tenants now aak
to be changed or abolished, be leas important to A. after
auch a lapse of yeara T On the contrary, is it not the
very case where this rule is most important to give re
pose after muniments of title may be loit J
This rule is by no means alone applicable to casea of
landlord and tenant. It prevails universally. If A. give
B. an executory contract for a conveyance of land in
future, and he goes into possession, in a suit brought
upon it to recover the purchase money, of in an eject
ment to recover the possession after failure to pay, the
rule is the same and equally inflexible.
So, too, if A. takes a mortgage of B. on land in hi* pos
session, and it is afterwards foreclosed and lb* premi
se* bought, either by A. or by aatranger, in an ejectment
brought against B ,he cannot deny his title, or sbow title
in a stranger. The poasession of the tenant ia the pos
session of the landlord, and in all casea where a landlord
wants to defend hia title by adverse possesaion, the period
when the premises were occupied by his tenant is equal
ly as available to him, as is bis own personal occupation.
So, also, withfevery grantor with warranty. His cov
enant runs with the land, and though the title may have
passed through twenty men in as many years, the pos
session of each one. is the grantor's adverse possession
against all the world beside, as much as if he had him
self occupied during the whole period.
In regent to the propriety of abolishing distress for
rent, the committee lay that they are satisfied that the
abolishment of this remedy can have no influence upon
leeses, where it is made part of the contract. But tney
will forbear to enter upon the discussion of this prolific
point in this already extended report, and will content
themselves by a reference to the Governor's Message,
and to Mr. Duer'a report, (Assea. Doc. No. 371, ot 1340.)
in both of which documents the suggestion is discussed
with great ability.
The next question il, the propriety of taxing the rent
or income springing out ot leases having mora than tan
or fifteen years to run.
In answer to this, the Commute* say that from the ex
periment of the legislation which in the year 183S
sprung out of a great commotion which agitated the set.
tiers on th* lands of the Holland Land Company, they
are apprehensive that the proposed legislation would
be equally injurious to the tenants. But they will not
now farther extend their remarks on this question, in
the hepe that ths Committee on Finance may take it in
charge.
The only remaining question proposed to be consider
ed by the Committee was, whether the State can, or
ougbt to exercise its power of eminent domain for the
relief ol these tenants, in the manner proposed ? In re
ply, they say it is obvious that this ia a question emi
nently proper to be aubmitted to the committee on the
judiciary, especially so far as the question of power is
concerned. On the point of expediency, it is difficult to
perceive how the tenant is to be benefitted by the mea
sure.
In conclusion, the Committee say?It is obvious from
what has bean aubmitted, that it is their opinion the Le
gislature have cot the power to grant any substantial
relief to these tenants.
City Intelligence.
Packet SHir Columbia.?Thit fine ship, which il to
take her place in the "Black Ball Line," C. H. Marshall '
and Co, proprietors, will be launched on Tuesday.
The head winds and a flowing tide, prevented her from '
leaving the stocks on Saturday, as eras announced. The i
Columbia, of 1100 tons burthen, is one of the finest of her
class, and is to be launched from the yard of Win. H.
Webb, her enterpriaing builder.
Common Council.?Both Boards meet this evening, for
the transaction of ordinary business. We understand,
however, that Alderman Cbarlick hat yet another expose
in< regard to ihe Alms House department, which will be
brought forward for consideration, in the Board of Al
dermen. Election is near at hand.
Fibb.?A fire was discovered, about '1 o'clock on Sun
day morninr, in a basement at No. 34# Walker street,
wherein a Mrs. Chaiity was neatly suffocated by the
smoke, beiore extricated. The damage to the premises
was trifling.
Anothkb.?A fire broke out last night, abont half-past
10 o'clock, in a fancy worsted and Iringe store, No. 440
Houston street, next to Broadwsy, kept by J. Oross, a
German. The whole of the stock contained in the store
was destroyed, and the upper part was considerably
damaged by fire and water. A gentleman, whose name
we understood to be Satterley, occupied a room in the
third story, and was in bed at the time, but was aroused
by the smoke, and immediately started for the stairs to
make his escape. On finding the staircase on fire, he
rushed for the window, with only his drawers on, clamb
ered outside, and much to the terror of the crowd in the
street, he managed to stride along past four ot the win
dows on the third story, and would ultimately in his
fright have jumped into the street, had be not fortunately
been let into the fourth window, and thus escaped
through the next house.
A Mysterious and Cuatocs Attain in Marbied Life.
About twelve o'clock yesterday, a finely formed and
really beautiful woman, might have been?indeed she
was?teen entering the store of one of our most wealthy
and extensive French importing houses near Hanover
square. At a little after two o'clock, a man apparently
much excited, rushed dowupaccompanied by a friend,
"" ifthl " "
and commenced beating the door or thit store, and call
ing loudly for admittance. The noise he made soon at
tracted a great crowd, all anxious to learn the cause of
thit strange and singular conduct The mad informed
them thatnis wife was there in company with a French
man, and urged by several bystanders, continued his at
tack upon the door. Alderman Charlick, however, who
was present, ordered him to desist, informing him that
this was not the proper remedy tor any injury he might
have sustained. But the moment the Alderman's back
was turned, the man proceeded with much violence,
and finally succeeded in forcing an entrance. Within
the lady and her chtr am it were found, and both were
arrested by two police officers, who it appears had been
stationed there at twelve o'clock by a frien i, who went
to inform the husband of his wife's whereabouts.
The parties were conducted by these officers to the of
si Alderman Charlick, and an examination ws
lice of Alderman Charlick, and an examination was had.
The| following particulars were there elicited The
lady had eloped from Ireland, two years ago, with a
person who died in this country shortly after their arri
val. She was young and beautiful, and attracted the
notice of several prominent members of the Aon ton?
among others, the susceptible heart of a Frenchman, in
a large importing house, was offered and accepted.
About this time, for reasons probably best known to
herself, the ladv married an American gentleman, and,
for a time, all went on smoothly ana happily. The
" young " Frenchman still continued her cavalier ter
vent*, however ; but, at length, jealousy, the " green
eyed monster," invaded the bosom of the " predestined,"
as the French call husbands in this situation. He em >
ployed a friend to watch his spouse?determined to
Kive himselt what he most abhorred, if possible,
e friend, it appears, witnessed several stolen
iaterviews ; and the husband, one day, some two
months ago, had a boxing match with his wronger,
in East Broadway. This affair resulted in the French
gentleman being arrested for an assault and battery. An
examination was then had before Justice Drinker, but,
for some reason, tho case was dismissed. Yesterday,
the friend of the husband followed tho frail spouse to
the store where the Frenchman is employed as clerk,
and the result was as we have stated. The lady protest
ed that ahe only went there to get her friend to write a
letter to Ireland. But this seemed rather odd, as the
Frenchman writes but little -English. The Alderman,
alter a patient investigation of the affair, dismissed the
case, not finding sufficient legal cause to hold tbe par
ties. The particular legal point upon which this deci
sion was made, we suppose, was that the separation of
husband and wife had long since taken place?the for
mer having signed a contract to that effect.
Undebtarers' Sham.?Among ell the establishments
which are fitting up for spring business, there are none
which appear to be adorning themselves more than the
which appear to be adorning themselves more than tbe
undertakers' shops. We know that this a very grata
subject to discuss, and'particularly to joke upon. But it
does seem as though the object was to invite passers by
to walk in and be measured for the habiliments of death.
In former times these establishments were kept in the
by streets,and but few saw them but those who went for
the purpose of seeking them. This, it seems to us, is the
tiue mode. Why these establishments should be array
ed in the principal streets, and kept as a continual me
mento mori before our ayes, we cannot imagine. No
body will be persuaded to coma in and purchase from
the splendid arrangements of the establishment. They
ought to bo kept as formally, in the by streets.
Set out Teres.?'This is the season of the year for set
ting out trees. It does not seem to be sufficiently under
stood how much trees in front of houses, beautify a city
and take away from it much of its dullness, by remind
ing us that there are such things as green leaves and
growing branches. We wish every property holder in
the city would set trees in front of bis bousei. Even in
a pecuniary point of view thorn would he no loss, as
bouses with trees before them, alwavs rent for higher
prises
LiUrtry ?mI Musical N?Um>
A So ho of m* Hxakt ? Published by E. Fa
urn >Se Co., 237 Broadway. This ia the title ot aa
admirable ptrce ol music, composed by J Martin,
of Clifton, whose compositions are so deservedly
popular in our Southern cities?he is a gentleman of
talent and originality, and must sooner or later be
come a great favorite with the public We insert
I the words?they are by that true poet of nature, Ca.
leb Lyon, of Lyonsdale.
A So.no or tbk Hcaet
I think of thos in dreams, Mary;
Thy mem'iy over brings
The violst nook of olden days.
Whore the wild grapevine clings,
The river's wave cone* dancing book,
And the hemlock'* holy shade.
Where the early vows of love, Mary,
To thee in truth were made.
Where the early vows of love, Mer/,
To thee in truth were made.
I see again the church, Mary,
And the priest is standing there,
And on his lips the marriage vow,
And iu his heart's the prayer :
Thy flegers bonnden with a ring?
A ring of simple gold?
And his name I'll ever bless, Mary,
Who made thee mine of eld.
And his name, fee.
Bright were the yeare new Bed, Mary,
And life's young day is gene;
Yet still thou art as beautiful
And dear to gamd upon -
For childhood's forms are by thy side
And cradled in thine arms?
Like jewels in a crown, Mary,
They consecrate thy charms.
Like Jewel*, he.
The paper and execution are worthy in eveiy way
of the enterprising publishers. May they give us
more such.
Whxaton on the Law or Nations.?Lea and
Blanchard, Phila ?This most valuable work con
tains the elements of international law, by the Hon.
Henry Wheaton, American Minister at the court of
Prussia. It is a work that ought to be in the library
of every one. It has already gone through three
editions.
Columbian Magazine ?Israel Post, New York.?
We have received the April number of thisfamous
' Magazine, and find it to be exceedingly interesting.
The steel plate " The spirit of "76," is alone worth
j a year's subscription.
Police Intelligence.
Masch 33.?Jittmpt to Commit a Rope.?Thomas
Carnea, residing at No. 171 Mulberry street, was arrest
ed yesterday on a warrant by Captain McQrath, of tho
4th ward, charged with attempting to commit a rape on
a young Irish girl, who lived as a servant in hi* house,
by the name of Ann Grokin. Committed by Justice
Oiborae, in default of $1,000 bail.
Picking a Pocket.?John Jones waa arretted last night
for picking the pocket of Patrick Harvey, ef $3, while
In the house of George Burns, No SO Madiaoa street.
Harvey was a little " lushey" at the time. Locked np
by Justice Osborne.
Robbing a Room Mate.?Michael Regan was arrested
lest night, charged with stealing $14 from the pocket of
Daniel Higgins, at No. 46 Mulberry street They both
slept in the same room, and upon Higgins getting up in
the mornlog, he discovered the loss of his money, and
Regan was amongst the missing. Committed by Justice
Osborne, for trial at the Special Sessions.
Petit Larceny.?James Litz was arrested yesterday,
charged with stealing $19 from the pantaloons pocket or
John Scull, of 63 Cherry street, while he laid in a state
of unconsciousneas on a barge or schooner.called Albert
Rogers, lying at the foot of Jay street Locked up by
Jostice Osborne.
False Pretences.?Under this head, we noticed in last <
Thursday's Herald, the arrest of Mr. George Bent,
charged oy Porter 1c Ballard, dry gooda merchants, No. j
130 Pearl street,with purchasing a bill of gooda in April,
1845, amounting to some $500, under false represents
tions. Mr. Bent demanded a bearing in this matter,
which was granted on Saturday, before Justices Drinker
and Osborne; and, upon thoroughly investigating the
whole affair, the case was dismissed?the testimony not
being deemed sufficient to warrant the detention of Mr.
Bent.
Jtnothsr ?'Touch" Case.?Jennett Wilson was "pulled"
last night, by officer Appleyard, of the 5th ward, ior de- ?
coying a countryman by the nemo of John Forsyth, into
Moll Hodge's "crib," wherein ho was robbed of $45.?
Locked up, for examination, by Justice Osborne.
Done at Last.?Billy Cox. one of tho old "panel"
thieves, was arrested last night, by officer Eldridge, of
the 5th ward, for being drunk and disorderly in the
street. Upon being brought before Justice Osborne,
that excellent magistrate very wisely sent him to the
penitentiary for six months, as a common vagrant.
Petit Larceny.?Michael Regan was arrested Isat night,
for stealing a aiik pocket-handkerchief, worth 60 cents,
from Michael F.gan, No. 46 Mulberry street Locked up.
Peter Quinn was caught in the act ot stealing an iron
?crew wrench from Peter Aslen, No. 88J Orange street.
Committed.
Sarah Francis (black) was arrested yesterday, for
stealing a table-cloth, worth 50 cents, belonging to
Charles Shick, No. 38 Hester street Locked up by Jus
tice Taylor.
Mexican Affairs, Ac.
Havana, Feb. 26th, 1848.?It is hinted about bore, in
different circles, that a strong effort is to be made to
erect a throne upon the ruins of the present tottering
Republic of Mexico, and place one of the royal blood of
Spain upon it The secrets of those in power here are
so well ke,.t that it is almost impossible for a mere
looker-on like myself to get the drift of these rumors;
but that there is some design on foot in favor of esta
blishing a monarchy in Mexico, in which endeavor
England and France are playing into the hands of
The nes
Spain, every one believes. The new militia law here
I has some connection with this business, it is thought
{ The native Cubans are opposed to it, root and branch,
but they dare not, as in some seotions of the
United States,'throw ridicule upon the system. O'
Donoell. like The on before him, stands no nonsense.
A slave ship arrived on the coast a short time since,
with 000 slaves on board. The Captain General was at
once epprised of the fact by Mr. Crawford, the English
Consul, and this, I suppose, will he the last of it. 7 he
slaves have all been landed and distributed ere this. At
a little village named Cerro, within three miles of Ha
vana, resides Santa Anna. He has constructed an am
phitheatre in his yard, where all the gamblers of the
city resort for the purpose of cock-fighting. The cocks
are matched and weighed, the bets made, and a day ap
pointed w deciding the enormous sums which the Mexi
can hazards at this nis favorite sport A few days since,
and during the heat of the fight, the ex-President bet the
enormous odds of eighteen doubloons against twelve
dollars. 1 remained sufficiently long to see him loee this
>fl ascerta
singular bet. It is pretty well ascertained, and is new
all tha talk among the sporting circles, that a young
American, related to one of our first families, won
$S6 000 at " monte" from the ex-Pi esident of Mexico.
VesaCbuz, Fab. 39.?In half an hour a boat is to leave
the wharf for the vessel, and that time I will devote to
giving you a short sketch of matters and things in this
queer Key " "
queer Republic. Mr. Slidell, our Minister, Is atill at Ja
lappa, with Mr. Pairott, and I am fain to believe that
there is no probability, in fact, possibility, that the for
mer will be able to do any thing with Ibis government
In truth, 1 have heard it reported, by those well con
versant with our diplomatic relations, that Mr. S. will
soon be in Vera Crux, on his way home.
This Republic?there Is no mistake about it?is shaken
to its very centre. The Mo after, received from the city
of Mexioo yesterday, comes out strong in favor of Santa
Anna, and El Titmpo, the paper sustained Dy the govern
ment, equally as strong in favor of monaroby. That
many are looking anxiously for the advent of a prince
from Europe, and foreign intervention is as plain, as the
sun at noon-day ; but at the same time the mass, sooner
than have a scion of royalty fastened upon them, would
prefer to live even under the " stars and stripes."
The Mexican government is endeavoring to raise the
wind out of the cotton permits^ The new law respect
ing the importation of cotton is general, but a permit
must be obtained from the government first, and the im
I port duty paid when the permit to import is granted?$10
for 100 lbs. A pretty good duty you will second such
i protection to the grower as in any other land would
would make the parties rich ; but here, the more the
growers of cotton are protected, and the greater price
they obtain, the less they raise.
Mexico, in the hands of Americans, would be the
| granary of the world?it is the finest portion of creation.
I Not a want in life but could be raised to perfection on
her soil, and you cannot name an article, either in the
tropic or frigid zones, that is not produced in Mexioo.
At the same time her hills and mountains ate ready to
burst with, the richest minerals of the world. All that
is wanted to render it a perfect paradise is the simple
process of opening her northern gates te Americans, and
!iving them the same privileges they have at home,
he Mexican women, as a body, will equal those of any
land, and in twenty-five years time a race of men would
be created here entirely different fromghe present down
trodden Itporoi, that hang, half naked and half fed,
around the towns and cities?food only for the prisons or
the ranks of a miserably paid army. But this is all talk.
There was a grand masquerade ball given here last
night, atteodedby all the beauty and fashion of the place.
I am told that numerous invitations were issued for the
officers of the different United States men of war in port,
but as it was blowing a norther st the time, they could
not be sent down to the vessels at Saerificios. It is doubt
ful whether any of them could have come up, but it
shows a good feeling on the part of (he Mexicans.
Thi Boston and Montreal Railroad.?A cor
respondent at Montreal directs our attention to the
arrival of the European Timet, of January 4th, in
that city, (850 miles, we believe.) in 28 hours from
Boston, and remarks that only 50 miles oi the jour
ney was performed by railroad, it was run via
Fitchburtr, and reflects the highest credit upon every
party concerned in the execution of so difficult a
task in the middle of winter, the country being
covered with snow and ice. By the bye, it reminds
us of having travelled over thia road in IBM,
in company with a party of English and Ame
rican gentlemen, for the purpose of ascertain
ing the best route for the conveyance of the
English mails from Boston to Canada. This is one
of the tracks selected for a railroad from Boston to
Montreal, and unquestionably the beat which could
be chosen; the works, we believe, are in active
! operation, and the whole line will be opened in
about two years?which then will bring London and
Montreal within a 15 daya'a journey. This railroad
will pass through a beautiful agricultural country,
studded with improving towns, and embrace both
Eastern and Western Ca.iada, and will no doubt
return to the capitalist good interest tor his advance.
jvervool Ti\
? fVilmtr't Liverpool Timet, March 4.
Court Calendar?This Day,
Ciscvit Coust?-9,4,?. $1,14 to 10.
Common Pi sai?Kirit Part-W, Hi#, 107,117, 110,191,
IS l'lA. OS, 97.
Q lta-09, ?4.100,104,101, N, in, U0,. M, M
IrrMMk ?TTiavtlUn.
All tk? principal htteli, TNtordiy, war* crowd
with travailen, fer beyoml the uiwl complement en
Scndey. The following ft en epitome. At the
Amkucav?II. W. Vang rift, New Jersey ; Meet
Blnir, Oeniel end Megar, Philadelphia; J. Munroe, U.
A; Che*. Woodbury, Massachusatt; Joe. Clerk*. Made
8 Hasting), R. Goddart, Boaton; R. Ad etna, Edwari
eilie; E. L. Bledsoe, Washington, J. M. Brooke, Phii
dllPtil
Aaron?T. N. Holliater, New Jersey; E Conent, Wi
cester; Mr. Wight, Arkansas; Bale end Nicholson, Net
viile: Deeil ver end Thome*, Philadelphia; Messrs. P(
tor, fields end Sampson, Boston; W. Lee, Philadelphl
A Mudgo, Bakiraora; Mr. Johnson, Richmond; W. F.
Iowa, Louisville; Geo Cooke, Taunton; Geo McLea
Baltimore; B. Haywood, Worcester; J. P. Pnyson. Be
ton | Messrs Ibtolton, Wilson and Nelson, Shrflel
Bay ley, Parker end Brown, Boston; H. Young, Glasgow
E Walso, Boston; W. Terbett, Liverpool : Reynoi
McDermott. Boston; F. L Layton, d$ C. H. Mill, do.
Citt? A. Febsr, C. Faber, New Bedford ; John W*
bar, Roxbury; E B Nowlan, Antwerp; Mi. La Case
Mr. Mortimer, Middletown; Mr. Kilby, Eastport; M
Oetrich. Virginia, J. M. Little, do: D- B. Smith, Na
Brunswick: Geo. A. Russell, Middleton; A P. Ilaunlii
Long Islann. '
Franxlin?R. B. Kirkpstriak, Philadelphia; J. Bush
Albany; C.Tattler, Auburn; H White, Syracuse; Thai
Pomeroy, Pitt*Bald; 8 Crandell.Troy; Oliver Stanley, (,
Haven; Thos. and John Wyley, Tennessee; W. Merri
81 Louis; J. A. Harvey, Boaton; James Reed, Troy. .
Gloss?Isaac Winstow, Chas. Williams, Boston; \
Tucker, Philadelphia; Messrs Ournell and Horton, Pit,
vide nee; W. Halliske^er, Philadelphia; Mr. Tiffany, I
Island; Geo. W. rushing, Baltimore.
Howard?W. Waite, Georgetown, Ky ; J. Butler
Northampton; W. L Pasha, Ph lsdelphis; Joseph Belt
Kentucky; J. Oarer*, do ; Harrison end Camper, Balti
more;R Fsronam, Washington, D C.; H. GnA'h, Ph'
ladelphia; W. Clayton, Gaorgia; J. Saver, H. Colborn{
Boston; Messrs Bradford.Marsh and Hill, do; S. Cormick
Magare, R. liendee, Albany; Messrs. Solbey, Tucket
and Young, Raleigh, N. C.; Messrs. Brackensohn an'
Bodley, Knntncky ; J Asbmead, Philadelphia ; C. M
Reed, Washington; E. B. Carter, N. B.; H. LitUaAsld,
Oswego.
"Jockey Club" Extract, with acomplet
assortment of Perfumery, Toilet Soap Skavlsg C earn geio
me Bear's Oil. Ainsadiue for chapped hand). Colognes, ??
nit wtms s VII. AUMUUIUC 1UI Ciiuijfsu usuus. vvivgnee. m'
Lntir ! a, a splendid preparation for the ksir; wtrruted Re
son, of a superior quality, hair. nail. tooth ant shiring brashes
combs, Ice. Ice., for tale, wholesale and retail, by E ROIM
8EL, UP Broidway, between Liberty sad Courtlandtsts.
The PI iamb e National Daguerrlass Gallery
ob the upper corner of Broadway and Murray street, shoal
berisited by all strange'* and visiters. It is, we think, ib
most in teres ting place of the kind that we hare among as.
Navigation of the Ohio fllver.
Placet. Time. State of River.
Cincinnati, March 10 80 ft declining
Wheeling, March 14 15 feet.
Pittsburgh, March 18 18 ft., falling.
Louisville, March 14 over the mark.
' MoNey MAKlttttl'. 1,111
Sunday, March ?S-6 P. M.
We annex a table giving the quotations for the princi
pal stocks used in this market for investment, for eaot
day of the peat week, end at the close of the week
previous. Prioes were steadily improving up to tht
arrival of the steamer's news, when n reaction took
place, and since, they have been gradually falling of
Ths European advices have had rather an unfovorabh
effect upon the stock market:
Quotations roa the Principal Btocxs in thb New Toss
Mswt,
Sat. Man. Tves. Wed. 71kur. Fri. Sot.
Long Island ?7& 48 47* 47* 47* 47 48*
Mohawk 52,'t 53 ? ? ? ? ?
iT10HSWKt eeeesess e s * W,4, JJ ~~ ?? msss
Hsrlen 58* 58* 57 57* 59* 58V
Canton 41* 41 40* 40* 48* 44* 39*
Fanners'Loan 29 38* 28* 88* f? 38* US,
?1L ? 68* UK 8% 88 85* 14V
95* 95* 96,'a 98 - 96$
Norwich ft Worcester ..66
Ohio Sixes 95* ?? ?
Illinois Sixes .38* ? 38* ? 33* ? ?'
Indiana 48* ? ? 40 ? ? ?
Kentucky Sixes 180* ? ? 100* ? 101 ?
Pennsylvania Fives.... 73* 73* 70 70* 71* 71* 71
Scouingtoq 46* 49 ? ? ? ? ?
Erie Railroad 58
Vicksburg ....7* 7* 7* ? 7* 7* 7
United States Bank ... 4* ? ? ? ? ? ?
Reading Railroad 74 74* 75 74* 74 73* 71*
Moms Canal 18* 18* 17* 18 18 17* 17*
East Boston 16* 16* 16 16* 16 16 16
N. A Trust 10* 10 ? ? ? ? -
A comparison of price* current at the close of ths
market yeeterday, with those ruling at the close of tht
previous week, show n decline in Long Island of 1} pai
cent; Harlem, 1|; Canton, 14 per cent; Farmers' Loan,
j ; Norwich and Worcester, 1} ; Pennsylvania 5'a, 14;
Vicksburg, 4 ; Reading, jf ; Morris Connl, 1? ; East Boa
ton, i. The talei in Stonington on Monday at 49, show
ing an advance from the Saturday previous of 94 par
cent, were on time, and is not, therefore, so gaaet an im
provement as appears by the quotations.
The stock market closed yesterday very heavy. Prices
have, since the middle of the week, been steadily de
clining. and the tendenoy is still downwards.
The tone of our foreign advices,both politically and pom
me retail v, is such that a different effect than thnt realised'
could hardly hare been expected. The railway rovul
?ion in Great Britain haa had a very unfavorable affect
upon commercial affair* generally. The aaeaey market
wee in a very restricted state, and the discount* of the
Bank of England had, for some time, been eery limited
The railway * peculation* hare been carried to *aeh an
immense extent in England, that very few hare escaped
the mania, and it was very difficult to tell who had be
come involved in the movement and who had not Con
fidence had, therefore, to a great extent been lost, and
the operation* of the bank very much reduced. The
effect oi the desperate railway speculations must be felt
for a long time, and over a great space. We are, in a
measure, affected by them in this country, and it spreads
all ever Europe. It is not the withdrawal of fifteen or
thirty millions pounds sterling from the channels of
trade, that has produced this stringency in the money
market, but it is the effect of the speculations upon ere*
dit and confidence?the fear that all have been mere or
lees embarrassed by connecting themselves with these
bubbles of the day. It is this fact and these fears whioh
have unsettled commercial affhlrs iu Greet Britain, and
brought many large houses to bankruptcy and ruin.
It is our impression that the next news from Liverpool
will bo more important and interesting, and more unfa
vorable than the last The political adviess by the nest
arrival, must be of a highly interesting character. Our
aooeunta, by the Hibernie, stated that the Oregon arbi
tration correspondence had been received, and publish
ed in the London papers of the ad inst The Xeedea
Standard of the Sd last., made seme brie*, but severe re
marks in relation to the tone of the correspondence, en
the part of Mr Buchanan. The Standard is the organ of
the government^nd has, heretofore, been very mild and
liberal to its views and opinions upon this subject The
change in the tone of its resserks is indicative of an unfhvo*
ruble turn in the policy of the Ministry upon this amttor,
and give* us reason to believe that the movements in ftf
ltament in relation to this question, will be of a more hoe.
til* nature than any yet mad*. The geverameat of the
United States have refused to arbitrate before, but all
the cireuautances connected with the latest refusal give
a different complexion to the matter than it ever before
possessed, aq? places the two countries in a more deli
cate position than they have heretofore been placed
upon this question. The last letter of Mr. Buchanan's,
in whioh he unqualifiedly refuses to arbitrate in any
way, shape, or manner, contains many remarks, entirely
uncalled (or, unnecessary, and irrelevant, and of a cha
racter likely to produce much bitterness of feeling on
the part of the press and people of Great Britain. The
bare refusal to arbitrate, of itself, could not have boon
unexpected by the government of Great Britain; but the
reasons given by Mr. Buchanan for refusing to arbitrate
and his remarks that an agreement to arbitrate would
acknowledge the claim of Great Britain to part of the
Oregon territory, must have a vsry unfavorable offsc1
upon the public mind abroad, and place obstacles in the
way of an amicable settlement of this question, greater
than any yet we have had to encounter.
It was the impression among our leading flnaa.
ciers, when the correspondence refened to was
first published in this oountry, that its receipt
in England would renew all the former hostile
feelings, and renew the difficulties whteh w*
had apparently been Just relieved from. These antici
pations have, so far as we have received advices, been to
a measure realised, and we (ear the arrival of the neat
steamer (now at sea three days) will oonfirm all thee*
formed. It is at this time impossible to form any idea of
the course the British Ministry will pursue in the matter;
but we shall soon learn soeaething of it through Par
liament. The Ministry will be compelled to make some
statement to satisfy the opposition. Sir Robert Peel may
avoid doing so as long as possible, but the ministry will
be badgered until some satisfactory answers have been
mad* to the questions put. We are, therefore, in hope,
of reoeiving some dt finite information in relation to this
matter, that will deer up much of the mystery and un
certainty that new hangs about it.
By the next steamer w* shall, without doubt, reostve
full accounts of the effect of the position taken by the
President of the United States in relation to the Oregon
question; and are are disposed to believe that the advices
will have anything but a favorable inflneno* upon com
mercial affairs in this country. In addition to this, we
cannot anticipate any favorable news ot a commercial
character. Tho.railway deposits wore rapidly accumulat
ing, the money market tightening, and the embarrass
ment* in the mercantile world consequently increasing.
The whole amount of deposits on account of these inter
nal improvement works, will not vary much from thirty
millions storting; and this amount locked up, under the
present banking system of England, must praduoo con
siderable distress among the commercial classes. Tba
lower House of Parliament was actively engaged in
granting the charters consented te by eemmitteai
Md?prepeaMeah*dbe*?Mhdoie iitflfffiM msf Wk

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