The New York herald. [volume], May 05, 1854, MORNING EDITION, Image 3

About The New York herald. [volume] (New York [N.Y.]) 1840-1920

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AtUn In Ventsoel*.
LzOiaiaA. April 1, 1864.
(of Irade?Soldiers? T\e Slave Question?The Code
Internal Improvements.
1 feel great satisfaction In announcing to yon that the
I epidemics which for some time past hare afflicted this
Country, hare disappeared, especially from Csraccas.
Business is active?prices of exports are good, and there
i a spirited competition in the prices and purchases for
npean markets. Large con lignments of coffee, cocoa
hides, arrive daily at this port, and also at Puerto
xbello, for exportation; in fact, the animation is great,
notwithstanding the influence of the European war.
The political horizon of this country becomes every
I day clearer. We no longer live in dread of revolutions.
The popularity of Ueneral Monagaa and the Secretary of
State, Mr. Planas, increases daily.
It seems that some slave owners hare made pretended
?ales of their slaves to foreigners, hoping thus to avail
themselves of foreign claims for indemnification. This
la one more of the many abuaes that have resulted from
went Of patriotism on one side and cupidity on the other.
We have a great many foreigners who would never stoop
to become instruments for transactions of this nature?
foreigners who are really honorable and worthy men.
In 1840, 88.1300 were annually appropriated,which con
tinued to 1848, for the purpose of compiling the different
ecules of laws; and notwithstanding this, only a part of
that on commerce was completed. Now, however, the
compilations are being made. Dr. Julian Yiso has pre
sented to the consideration of Congress a civil code, which
is highly spoken of. This work, go useful and important
to Venezuela, has cost nothing to the public treasury,
because the insignificant sum of 8200 per month Dr. Vi->o
meeives for two years from the government, is merely
yloao.
The province of Barquisimeto has entered into a con
I tract for the construction of a railroad extending from
lYaritagua to fan Felipe, which will connect with the
| railroad from Puerto Cabello to San Felipe.
OCB CARACCAS CORRESPONDENCE.
CAraocas, Venezuela, April 8, 1854.
|ZH*covery of Gold and Silver Mines?Law to Protect
Mining Interests.
Rich silver and gold mines having been discovered some
time back at Carripano, Duaca and Turnarlo, the Congress
pf the Republic has been discussing a law to protect tho
mining interest and to promote the working of the mines.
The law has passed ths Senate and has received two read
ings n the House without opposition. The following are
the particulari embraced in it:?The Executive is em
powered to give grants of mines to persons applying to
work them. This grant insures tho property of tho rnino
for ever to the grantee, and from that moment the mino
can he transferred or conveyed as any other roal estate,
not being subject to forfeiture for any cause whatever,
hut held us any other property. TI.e mine can bo sold or
disposed of in parts, or in any other manner, without any
further consent from the government. Those who are
now in possession of mines by concessions or declarations
given previous to the passage of this hiw.will he full pro
prietors, without further formalities, after the day of the
promulgation of the law, no previous report, measure
ments ot lands or other preliminary steps being ucce -sary.
*dbe miners and other persons employed, and common
laborers at the mines, are free from any military service
and allmuui' ipal taxes or se rvices. The yield of miues
worked in Venezuela will be free for twenty years, from
?11 duties or taxation, national or municipul ; which time
Is to be reckoned from the day this law is published. This
exemption includes the toll paid on roads. No import
duty will be exacted on machinery, tools, apparatus or
liny other utensils imported for the working of mines.
Proprietors of mines who should establish ia Venezuela
smelting furnaces to work and separate the metals from
their ores, will receive from the Executive three miles of
land contiguous to the mine, or in any other place they
should prefer, that they may establish on them the
necessary offices and buildings. The gold and silver, the
product of the mines worked in Venezuela, will only pay
when coined, as mint duty, five percent for the gold, and
two and ? half per cent for the silver. No other duty is
ever to be exacted.
THE SAN FELIPE RAILROAD.
Puerto Cabello, April 6,1864.
J. 8. De Agreda, Esq., New York.?Dear Sir: Your
letter by the Pauline is received, and I regret much that
1 am unable to give you the information you desire by
this totter, but am happy in being able to state that the
estimate and report will be completed in a very few days
more, when I am sanguine in the belief that it will be
| much more favorable than the most interested could have
expected.
The survey Is already complete, and shows that there
will be hut very little labor on the whole route, with but
very slight grades and curves?indeed, it Is nothing more
than an extended plane all the way to San Felipe. The
?{.stance is fifty-five miles, andfifty-threeanda half miles
of it is a perfect plane.
The stiearns and rivers present no difficulties in bridg.
tog, from the fact that during the dry season all the
abutments can he built without the necessity of a single
pofferdam, thus lessening the expense of them, and giv
vng opportunity to construct them in the most substan
tial manner.
No road of similar length can be found presenting less
of engineering difficulties than docs this, and even from
the present amount of products to be brought over it, no
road can be found that will pay a better per centage on
its cost, and I believe I hazard but little when I say that
in five years from Its completion, the stock will be one of
the best investments anywhere to be found, (provided
always the government remains stable and <ecure, and
no civil wars happen to disturb the continued increase of
the productions of the land.)
If this road he built, in a few years more it will require
8o be continued to Bargrislmi to, and thero should &1 o
he built immediately a short branch, say eight or nixe
miles long, from the Palito towards Valencia, thus se
curing immediately all the freight by the way of Va
lencia.
As this port is the only natural outlet for the produc
tions of a great portion of the interior, and is the only
good harbor, it must also be the great terminus for all
?cads to be built.
There will soon bo required a road from Caraccas to
Valencia, end I doubt not also from Valencia to San
Felipe?it depends solely upon the construction, comple
tion, and successful operation of the road now in con
templation from this port to San Felipe.
I regret much not now being able to send you the
precise cost of this road; and all 1 can now say, is that it
cannot be otherwise than most favorable. One week
from to-day, all continuing well, I shall know the amount
of its cost.
There is one other point very favorable for the con
fvtruction of this road, and that is, it follows nearly the
direction of the present road, and thus gives great ad
wantages for those who bugd it, securing als<> the healthy
portions of the country, end when completed will of ne
cessity secure all the products of the Pueblas along the
line.
Tith my best wishes for your continued health and
prosperity, and the hope that your most sanguine anil
'cipations in regard to this road may be fully realized, I
remain, as ever, yours truly, JOHN DOUUHERTY.
Theatres and Kxhtbltlons.
BboiADway Theatre. ?The benefit of Kr. and Mra. B.
Williams comes off this freeing. They have selected
three capital dramai for the entertainments. The first
b "Ireland and America," the next, " Law for Ladies,"
and the last the vaudeville of the " Irish Thrush."
Bowsry Tdratre ?The benefit of Mr. W. H. Hamb'.in
rlU take place to night. The drama of "The Brigand"
rill commence the amusements. It will be followed by
'TarenU and Guardians, ' and a parlor entertainment,
ad all will close with the drama of " The Robbers."
Drama's IHeatrb.?Two new pieces are announced for
hi* evening. The commencing feature will be the drama
f " Married life'" after which the comedy of
CbarleaX.," will be performed, and the amusements
dll conclude with the faroe of "Away with Melan
holy."
National Theatre.?The same entertainment as hss
een given every day for the la?t nine month", namely,
u drama of " Uncle Tom 'a Cabin," ia selected for this
reolng, Little Cordelia Howard, Mrs. Howard and Mr.
rior in the leading characters.
Wallace's Theatre.?The interlude of "Number One
ound the Corner" will commence the amu-emcnts,
ie successful comedy, entitled " Hearts at Fault,"
ill sneered and the favorite farce of the 11 Rough Dia
iond," will terminate the amusements.
American Mfsscm.?The farce of " Trying It On." and
ie comedy of " Bachelor's Torments." are selected or
*we afternoon amusements, and the piece called "Major
ties' Courtship'' and the farce of the "Phenomenon"
?r the evening.
Canwrr'a Minstrels will sing several negro melodies
?is evening; they will also play instrumental pieces, and
traduce a variety of dancing.
Wood's Mivsttrets announce the operatic hurletta of
' linele Tom's Cabin," instrumental performances and
mclag.
Bccsm's Sebenaheb*.?This company are doing well,
ie programme for this evening contains a great number
pleasing and popular melodies.
Madame Manoel He Grandfobt will give a French lee
re on the "True Rights and Influence of Woman," at
e Stuyvesant Institute, on Monday evening next.
Scandal in New Yore.?The following bit of gossip ap
ars In the New York correspondence of a Philadelphia
per:?Gossip here has had, as the Bible says of sin, a
west morsel" to "roll under her tongue," in the shape
scandal, for a few days. The gentleman concerned in
e cowl'"tempi is a Mr. P.. about nineteen, and the son of
e of the firm of the important silk honse of F kCo.
e lady is, or wts, a Miss Bissct, or Blssop, a dan*?utt
ssswe of the theatres. Mr. F., rumor assures us, be
ating enamored of the faoe or feet of the fair Bayadere,
guise ! himself In shabby elothing. and, applying to the
operty man of the theatre, secured an engagement as
"eupe," in order to he nesr the object of his idolatry,
ch devotion could not be without its effect. The laly
d her chrr nmie were soon seen riding out together to
? High Bridge, dining In the private rooms of the
lomoce" and -upping In the rteherche ditto of the
y Hotel. Last Wednesday week the two lovers visited
'oklyn in company, and were married Three 'lays
er, the enraged pepa of the bridegroom discovered the
"ulhancc. But, Intend of hushing up the unfortunate
<ir, he lost all commoa sense, and made himself the
ect of universal laughter, first by threatening te pro
ute the whole theatre for a conspiracy to ruin his son,
i next by using the most ridiculous means to obtain
? lady's cert.ifii.aie of marriage, under the belief that
he eould once destroy the document In ijuestion, the
o? he annuih-d. The old gentleman's fplly has
11 fW comment of course. In the mean
e, the lady holds on to her young husband, who alter
elp "Rda hla-clf locked up one day in his father's
?*? next In kla bride's arms?a refreshing al
.lien. The eld< r F., as a dernier resort, Is now hunt
lip evidence of the Impurity of his new daughter-m
and making arrangements, ad interim, to ship bis
off to Canton a* a curiosity. |
The Southern Commercial Convention.
THE SOUTHERN PACIFIC! RAILROAD?CIKN. LESLIE
COOMBS' KI'EEUH.
Gen. Leslie f'ombe of Kentucky, win fleet prosontel to
the Convention on the above subject. Ho said he had
been honored with the privilege of commencing the dis
cussion of asubject which he conceited to be of more
vital and practical importance than all the other nubjecta
which might come before the Convention. He alluded to
a connection, by railroad, upon our own noil, between
the States on tho Atlantic ocean and the great State on
the I'acill: ocean. The Governor of Kentucky (and he a
democrat,) had honored him by appeinting him as a
d< legate to that Convention, he being a whig, thua show
ing that he (the Governor of Kentucky), aa also he, (Mr.
Combs), did not anticipate that politics would bo intro
duced in their deliberations. (Applause.) The great
orator of Kentucky?ho whose trumpet tone* had so
often been heard In the hails of the national legislature
on the great question of internal improvement?was no
moro. His voice was hushed in the silence of death and
the people of that State still mourned his loss as a great
calamity; and now in a place which tie would so admira
bly have filled, was found one of the humhtst iom 0f
Kentucky. He had no flowers of eloouence for that Con
vention?no bouquets to present to the bright and beau
tiful countenances which now ornamented those boxes.
(Great applause.) What he had to say to the Couvention
was upon a dry subject, consisting mostly of facts and
figures. Before he proceeded to speak of the present and fu
ture, perhaps he might be pardonod for making a brief re
ference to the past. In looking upon all that had been done
in the construction of railways, it seemed to him but
yesterday since this work had been commenced. Here
membered the time when he was thought old enough to
he elected a delegate to the Kentucky Legislature, and
had presented beforo that body the first proposition for a
railroad west of the Allegheny Mountains that had ever
been entertained. There were at that time but four rail
roads commenced on this continent, and he believed but
one in Kngland?from Liverjiool to Manchester?and not
one on the continent of Europe. They had one four miles
l?ng in New England, one in Pennsylvania, constructed
of wooden rails, and ho believed thero was one from
Charleston to Augusta?a little saddle bag affair, on which
horse power was used?and the great pioneer Baltimore
and Ohio Railroad just begun. That was in the year 18/.).
Now, what did wo see? He had taken the trouble to
trace on a little map of the United States the principal
railroads in the Union, extending, one of them?true, it
was as yet only on the map?to the Pacific. Some fifteen
or twenty the us&nd miles of railroads were in use on this
continent, coating over live hundred millions of dollars,
and covering some of the States as with nn iron network.
Before the time to which he alluded, when on the fron
tiers of Like Erie, there was not a civilized inhabitant be
tween the head of Like Erie and the Pacific. And now,
wLat was there? Stale upon State, with immense re
sources and an intelligent population. Indiana, Michi
gan, Illinois, Iowa and Wisconsin, and territory upon
territory, extending cl ar across the continent.
All this had come to pass within this brief period.
The President, (playfully)?How did you get there ?
Mr. Coombs?Part of the way on the top of tho car1 h,
and part of the way through swamps, when defen ting
the country against invasion by red coats and savages,
in 1812-'13" (Applause.) And now from four little rail
roads see what has been completed I When he had tho
I temerity to present a proposition in the legislature of
I Ke ntucky, the wealthiest landholder in the State thought
he was a tit subject for a lunatic asylum. Fortunately, a
j wry able and intelligent mechanic of Kentucky con
' structed the first locomotive that ever was built in the
I I'nited States, but this wealthy gentleman thought it
i could not be made to go without legs, because he could
not conceive how it could be mado to hold back in going
: down bill, or bow it could shove up when it came to a
; tight fix. (lAughter.) But this ingenious mechanic
i also constructed a miniature railroad, and placed this
| one horse loci.motive upon it, and after this sceptical
genileman had seen its operation, he became one of tho
| most ardent advocates of the railroad system. The re
| solutions which he had the honor to present the other
; day, were, with other resolutions of a like character, re
ferred to the committee appointed for that purpose.
They were three in number, the first averring that it was
of vital importance to the interestn of the whole country
that wc should have one or more railroads to the Pacific.
He was for more than one. Tlin second resolution point
ed out the commencement, with a route and description
of the plan on which a Southern Pacific Railroad should
be built. He had laid down the route on a small map of
the United States, and regretted that he hinl not procured
a larger one, that it might be better seen by the Conven
tion. Here (pointing to the map) was Massachusetts re
presented by a little blue spot, and that - 'inch by inch and
a half State," had expended fifty millions of dollars In the
constrnction of railways. Tliia larger blue spot was no
where in those days, but it is now called the State of
Maine. At this point there is now a railroad away up in
the North and through the mountains connecting that
district not only with her older Southern sisters, hut also
with Canada. New York?this broad, fan-like looking
concern, with her foot on the Atlantic, and her shoulder*
extending along three lakes?had not a railroad In these
days to which ne had referred; but he remembered very
well having heard it said that when the projector of the
canal from lake Erie to the Hudson river spoke to Mr.
Jefferson on the subject, he replied that in the next cen
tury it would be time enough to complete it. Yet In
twenty years it was completed, and there was a railroad
running alongside of it. And not only that, but look now
at all the other railroads in that State, and others run
' ning to the West, bringing in the produce from those
I teeming granaries! Here (again pointing to the map) was
Kentucky. It did not look very large upon paper, but
! there it stood, with one foot on the Mississippi river, and
, its high, proud head resting on the summits of the Cum
berland Mountains, presenting its broad breast along the
front of three free States, and, as in tira- s past it had
| been a bulwark against the ravages of the Indian, so even
now it was, and in future it would continue to be, a hul
wark to the other slave States. (Applause) He would
bow discuss the route he had suggested for this South
era railroad. Here (again pointing to the map) was
Texal, larger than New York and Pennsylvania and
Ohio all together, and as so many railroads were point
ing from the North to the South in that direction,
he proposed to extend the Southern route as far as it
could be done, according to charters already granted.
He did not propose to ask the general government to
do anything. He urged that the people of the South
should put b?th shoulders to the wheel, and by doing so
they eonld make a railroad to Paso del Norte, without
any aid from the general government. He proposed to
run from St. Louis and New Orleans, accordiug to the
charters already granted, to the thirty? seoond parallel of
latitude. Prom Vicksburg to Shreveport, and from Cairo
and Memphis, via Little Hock and 1 ulton, to Marshall,
near the thirty-second parallel of north latitude, in East
ern Texas, there to unite in one great trunk to the West.
The legislature of Texas had, at its last session, passed a
law giving twenty sections per mile for a road, to be con
structed very nearly on the thirty-second parallel of lati
tude, which was a greater bounty than any other State
could give. In adopting that line he expectel to accom
plish two objects?to run through the centre of the
slave territory, and to have the benefit of the twenty sec
tions per mile donated by the State of Texas. He had
been over a great portion of the oountry to be benefitted
by the road ; and from his own observation and reliable
information he had not the slightest doubt of the j ractl
cnbility of the route to the Rio (Iran le. After that the
line would run through a portion of Mexican territory.
Probably the best route wss through a portion of Mexico.
Not a sterile waste, as'some supposed, but the greater part
oi the way through fertile region*, with grass and wat?r
sufficient to maintain immense droves of sheep and
other animals, driven to California from Texas and New
Mexico, lie wss, therefore, much gratified when he
heard that a treaty had been made with the government
of that country for a portion of land embracing that
route. Whether that treaty had received the sanction of
the Senate was more than he could vouch for ; but he
hoped its main feature would be adopted by the I'nited
States, and receive the sanction of Mexico. In looking
over the map, it was impossible not to percoive the vast
interests which would concentrate themselves upon that
line. It was true that the main arm would run through
Texas ; but it spread out its hand and grasped all the other
States, and especially the States on the Mississippi river.
In addition to the law passed by the Legislature of
Texas, there were many propositions before Congress for
the donation of lands for the construction of railroads
in various Southern and Western States; but he regret
ted to say that when he left Washington, a few days
ago, he saw little probability of any of them being pass
ed. All of them had readily passed the Senate; but in
the House of Representatives the first test question hap
pened to he upon a proposition granting lands to low s or
Wisconsin, and the bill was cilher MM upon the table or
committed to the Committee of the Whole House, there
I to be buried. He knew that some of liis Southern
friends supposed that only one railroad to the Pacific
was necessary. He, however, believed that there would
be two at least. At the meeting of the great railroad
; celebration in Boston he was, perhaps, the only slave
holder gresent. He never expected to see such a con
vention again. The President of the United States, with
a portion of his Ccbinet, was on the one band of the
presiding officer of that body, .and the repro?ent?ti o
of royalty, in the person of the Governor Oner.. 1 of
Canada, on the other; and he i Mr. C.,) had suggested
to a friend of Lord Elgin that If he could not make a
living in Canada he coul l be guaranteed one in K'-n
tacky as a stump spanker. (I.nugh'er and applause.)
Tl,at convention looked to the carrying out of a system
! of railroad* from the North to ti e Pacific? an 1 he
believed that Mr. Hincks, the chief adviser of the
(ioverm r Cetieml, had been in England to negotiate
loans, and bad returned with a subscription of
? 000.Coo for that purpo-e. It therefore became th,?
; South to bo up and doing for themselves. It had been
urged that a road could not be built over the snows of
; northern mountains; but it might as well lie sai l that
the ice on northern lakes would prevent their navigation.
If the North built a road tliey would pass the gorges of
, the Rocky Mountains. But even if it were built, there
would be from three to six months in the year iu which
tEey would have to pass over the Southern route. And
were both these routes constructed, h" woul-l not con
sider th<m as rivals. They could be both sustained. It
sreir.rdasif the God of nature had intended that these
i two lines should be built, so that ti c old States ?f the
Atlantic should be like a mother taking the younger
, States into their arms, and protecting them, even to the
, shores of the Pacific. With these two roads constructed,
( the people of the States could go on a trip of pleasure on
; one route and return by the other in less than sixty days,
, and all without injury to health. He did not tome here
to speak unkindly of the Northern States. It was not
, the habit of the people of Kentucky to speak hehin I the
becks of tl ose to whom they were opposed in interest,
lie would be the most ungrateful man en earth to de
| nounce or alander the North. Ilia greatest earthly imp
, piness? his wife?came from the North, and she was as
grntlo and truthful aa she was lovely and affectionate?
besides, he had some magnificent little half Yankees at
home. If other Southern gentlemen woul 1 follow his
example, and some of onr warm hearted girls consent <o
waim the icy bosoms of onr Northern brethren wo should
soon teethe beautiful results. There would bo no rmr?
talk of severing the Union. He had spoke* to the peo
ple of the North face to face. He t new the. people well
It is true, there are many "Isms" at the North, but
they are continually consuming each other. Let them
ah ne, and fear no danger. On the subject of woman'*
right* they had com letely changed front, in olde*
times, he believed, it was contrary to tin law for a pious
eld bidy to speak In a public assemblage when the spirit
moved her. They were sometimes e^en scourged for so
far violating what was then considered female propriety,
and a lady who wss ao unfortunate ae to have a mole
under her left elbow wa* hung or drowned as a witch.
Now,Lucy Stone k Co.,these strong minded, pnntolootied,
Eblic derlsimers. were sll the fashion. He had never
n hut once to any of their meetings; and he did not
want to hear tbcm discus* public matters, He preferred
to be with them confidentially, fgrant laughter,) and
although he admired a largo number of them, be would
rather have one auft pair of eye* looking on him, than
tboae of a thoneand ugly men. After some further
pleasantry, Mr. C. concluded his remarks by recapitulat
ing briefly the route which he proposed, and the parti
cular benefit which would he derived by the Southern
States if it were adopted and the work oomm-oc"d an 1
carried on in an energetic manner to ita consummation.
Capt. Pike, Senator Jouea ant I/ieut. Maury then Suc
re saively addressed the Convention, in sup|x>rt of thoir
several propositions, to wiiom Ceo. Combs briefly rejd e l.
Re said that when he had on Monday last, desired the
aid of Lieut. Maury, and therefore appointed him as a
delegate from Keutucky, it was because he wished the
convention to have the benefit of hia great experience
and high science on winds and waves?especially the
ocean currents, but did not expect him to interfere with
him (Gen C.) on dry lau 1. (Lieut. Maury replied play
fully, that he felt honored by the appointment, and had
* *" " of it.) Oi
tried to prove himself worthy of it.) On terra firm*
(ien. C. wished to be commander-in-chief from Kentucky.
IIo did not believe thut any Cougre?s could be induced to
charter tlio stupendous scheme of the geuleuian, to be
laid forout of the public treasury, and then made free
to the " rest of mankind; " that ttie people would eyer
toll rale such a work, or that it would be the best plan if
carried into full operation; that all the States which had
tried such experiments were heartily sick of them, kc.
That as to the plan of Mr. Pike, it required too much
State and Indian legislation, to be earned into effect in
any reasonable time, if. indeed, it was not wholly im
practicable; while the plan and route proposed by him,
(Gen. C.) required neither State, luuiau uor national le
gislation till it an ives at the Rio (irnnde, within a few
hundred miles of the Pacific ocean; that several of tho
fingers touching the Mississippi river at New Orleans,
Vieksburg, Memphis, he., were in progress of construc
tion, and he had no doubt that In less than ninety days
the'rich bonus offered by Texas would induce capitalists
to embrace her charter with avidity, and soon construct
tlu- main trunk to El I'aso. If by that timo , tho gen
eral government had not obtained the right of way
through Mexico, the railroad company might purchase it,
or send to Tennessee, Kentucky, and other Southern
States, for emigrants to < ( Ionise it as they have done
Texas. Then, indeed, we should have glorious times, and
the dream of Colutnbus be realized. V?'e should reach Chi
na and the East Indies by sailing West.
Our Washington Correspondence.
Wa ihsotosi, May 1, ISM.
The Real Position ?f the Administra'ion?and what thej
thin': of Themtdres.
To one out of Washington, it is really Impossible to np
predate the profound obBcurity into which the adminis
tration, per tt, has fallen. Never before, during an ex
citing session of Congress, and when events of the great
est moment were transpiring in every portion of tho civil
ized world, was the administrative arm of our govern
ment reduced to so absolute a cypher as at pretest. With
the exception of members of Congress, and claim agents
bcriDg at tl.e different departments, and hero and there
a green democrat astray from tho country, wh > goes to
star? at the President, the White House and its appurte
nances might as well, for all practical affairs, be removed
beyond the Rocky Mountains. The government has hot
force of oharacter or strength of ideas sufficient either to
originate important measures or to resist abuses. An
inteuse and stagnant inanity has settled upon the whole
West End, more paralyziDg and destructive than the fogs
that rise from the oozy shores of the Potomac. From tho
first moment of its organization, tho members of the go
vernment have employed the whole of their energies in
defending their own poaitiou and trying to preserve their
own reputations. Like a company of coons and
'possums who hnve stumbled into possession of a
beaver dam, their whole time is engaged in
petty and absurd measures to prolong their occupancy of
so snug and comfortable a home?unmindful of those
gtander lators necessary to be carried on outside in the
middle ol the great stream, which else, at the first
freshet, will sweep all away.
As to General Pierre himself, his state of mind may be
characterized as a helpless compound of dismay and de
jection. He feels keenly his want of strength and de
termination to carry out the right, creu had ho the poli
tical skill or the moral conscience to discover it. He is
one of those amiable, well meaning men, so exceilont in
the private walks of life, and so dangerous to the welfare
of nations when entrusted with political power. The
generally-received ideas about the influence exerted over
him by certain individuals are greatly exaggerated. His
nature is of putty, and tho last hand that presses it ob
literates all other traces, and leaves its own mark in
their stead. He is a beach of sand from a granite State,
upon which every succeeding wave writes its brief history,
to be washed away by its follower. He has long since
given up the hone of signaling his administration by
any act redounding to his own persona! fame and sits
confused and uncertain amid tho jarring and discordant
councils, scbemes and projects of bis ndvisers. Mr. For
ney, who cunningly allows the public to magnify his in
fluence over the President, for the purpose (if making his
perquisites more valuable, is very seldom with the
President, and Is in no particular favor with any
member of the Cabinet- His principal coadjutors are the
editors of the Ereniny Star, which paper, through the
government advertising ami its industrious gossip nnd
twaddle, tliev say has begun lo pay pretty well. The
government, however, care very little tor it, and have
no confidence in it. Forney, who, if uot an owner, is at
least a dictator of its general ccur-e, Is alio tho con
trolling editor of the futon. Hut neither of these papers,
nor any other paper, either in Washington or else
where, speaks the sentiments of the administration. In
truth, the administration lias no sentiments. It has
isolated Itself from tho movement of public opinion,
frcm the pervading activity of the times, as illustrated
and directed hy the press, and is l.ke a dynasty of tho
Japanese or Chineae empire suddenly transferred to the
midst of Anglo-American civilization, and rubbing ita
eyes and praying to its wooden gods in consternation at
the dizry whirl of great evorits and great idei
as that go
rushing by. Not a member of tin administration lint
nny idea of the press, nor what it is accomplishing in
the present age. Xfr. Cushing, who Is called by hia few
admirers, picked up along the shore after tho great Tyler
wreck, the ' mister apirit of the administration,'' is, in
that position, as feeble an a chil l to grasp the dtfReuUicx
by which he is surrounded. He is a man ot talent,
doubtless, and ia calculated to exert a strong
personal influence over his friends. Hut as a minister
he Is defleient in every essentia] qualification. He has
neither apprehension nor courage, lie is aguide ignorant
of the path in w hich i.e has attempted to conduct the
benighted travellers, liable at e. cry moment himself to
tumble into a pitfal, or to be devoured by a wild beast.
His fate is Inevitable, for his self-conceit blinds him to
his true position, and he really imagines he is sailing
prosperously before ilio wind, while Ida ship is rapidly
tilling with water, and already begins to reel and stagger
with the throes of sinking.
Mr. Marry ii the only man In the government who
possesres any M-mblance of individuality or force. But
he lain his dotage, nnd it would be absurd to dignify his
obstinacy and self will with the name of power. Satu
rated with the old exploded ideas imbibed under Mr. Van
Ituri n, he ia a lingerer on the scene after the school is
broken up and the master departed?a relic of a by gone
age?the veritable political l'lp Van Winkle of the pre
sent generation. Hia political career ia long since ended,
and hia public life does not contain one throb of vitality.
While the people are shrugging their shoulders In pity
for his imbecility, ho fondly imagines that he ia laying
vast scheme* and playing an immense game for the suc
cession. The succession I Succession of what? After
the debris of Pierte, Gushing, Forney At Co., what comes
next ?
As to Messrs. Guthrie, Pavis, Campbell, and the rest,
there 1* really not enough of their present position to
make a paragraph. They go through the routine if
their duties, and twice or thriee a week enact the exqui
site farce, aloDg with tho others, of a grand Cabinet
consultation'' upon nothing. What mighty questions
sre discussed there? What comes of it all? 11a any
body ever heard?
On the wtode, it appears to me, from what your paper
tells m?< hpr>ur Hoard of Aldermen and Councilman, that
tho adiiffnfStMtion of the general government and that
of the commercial metropolis, are very nearly on a par.
They exhibit the same unmistakable symptoms of politi
cal atrophy, marked by the presence "of a wide-spread
and eating corruption, which points to death as the only
relief. You have in New York one advantage over the
country: vour patient will die nnd be decently buried
out of sight in a few months, while the other tnuat con
tinue to exhaust our torliearance and pollute the atmos
phere above ground for three lung tears.
Nt'X VOMICA.
An End to Speculation on tite tart of tiik
Usittd STAtRf Pl.-EfluiKO Agent* ?The Secretary of t'io
Interior it dow ?< mling out, tliririrfrli tli?? heads of th rtif
feunt bureaus of his department, the folio tine circular,
addressed to each of tlie army of ilisburafngiigontB under
liia authority. it <ffcetually cloaca the noor to their fu
ti.ro life of the public funds in the Iran'!* of any of thum,
except a* directed l>y the law* of the department :?
"An arraugcineut having been .nale by the Treasury
I>< partment. under which the Assistant T.enaurera of the
Unfed Mute* et the various leading commercial points
throughout the country become depositaries of the pub
lic fundi, the disbursing agents connected with this de
I artinent are hi reby instructed to avail themselves of the
facilities the* siTerded, av fur as practicable, by deposit
ing with those officers such funds na are not wanted for
immediate u?e, auil drawing the same, from lime to time,
as they may he required.
" This arrangement lis a been made for the accommoda
tion and security of disbursing officers, in view of the
heavy responsibility resting upon them under the provi
sions contained in the sixteenth section of the act of nth
August, 1*4ft, nalfonnd on page fi.1, Statutes at large,
vi lume W, to whicfi, in all its details, attention is spe
cially directed; and it is, therefore, expected that the in
structions above giten will be strictly complied with and
that, hereafter, no disbursing agent of this department
will draw any diaft or check upon any person other than
the officer with whom bia funds are herein directed to be
k*i4 *
Pav of Portmaptkrf?The first sssistint Post
master < teneral has written a letter, in which he says
posttraalera nre allowed one cent for the delivery of each
free letter, except aucb as e?n? to thems-Ives They are
not allowed any commissions, however, for the del.very
ef | tinted matter made free by the frank of members of
t'engreaa.
Tnr PuiotiiE at Tayloraville, Va,?The Bui
Win learns that the (Icrman who committed suicide by
barging himself near Taylorsvllle, on Sunday the 23d
ult., was a native of Bremen, and had only been in the
United States a few months. A short lime since he retch
ed New York from Iliemen, with aatocli of goods, valued
at f>7,0C0, which he iiad been authorised to sell on eom
miiaion. lie succeeded in disjioslng of tlie goods, but
in doing so encountered sacriucee which unaettleil his
resson. He r'acbedthli city OH Friday, from New York, in
a frame of mind bordering upon rt'-rangemcnt. and took
the can the fallowing Saturday night for the north. He
Is represented by a New York merchant, who knew him
well, and who has visited this section of tbe country for
the piirjoie of taking charge of his elTecta. to have been
sn estimable, bat moat sensitive man. Ilia parents in
1 ri ir.cn are reported wealt by, and he himself had acquir
ed some distinction on tbe stage a* an actor.
Extravagance of the Roartl of Education*
TO TUB KPITOR OF TUB TIER ADD.
In the published proceedings of the Hoard of Elo
cation of thia city in your journal, I notice an appropri
ation of nearly thirty-tire thunrund dollars for building
one schoolliouse in Kirington street. Thinking there
must be some mistake in this enormous and unusual ap
propriation for one achoolhouse, to be paid for by a tax
on the inhabitants, I made inquiry and found that thero
was really no mistake in tlio matter; and furlhur, that
the finishing, fitting up and furnishing, will prrbably
cost seven or eight thousand more, and raining the lml
(which already belongs to the ciiy, fortunately,) at h ? t
at twelve thousand, (a low estimate ) and we have a
footing up of about Ulty-flvo thousand dollars for one
school building. Is not this. Mr. Editor, sum tiling re
quiring attention, and are our citizens to remain asleep
while extravagance is )>ermitted to run wilt? At this
rate, to what amount may we not expert to see the ex
pense of common school education in this city run up to
in a few years? Hut three or four years ago 912,<>,]j to
tl6,000 waa deemed high for a public school building.
Already it is mere than double, and still progressing.
It is high lime the public eye was directed to the pro
ceedings of the Hosrd of Education, whose expenditures
are without limit, und untrammelled by uny ooucurrcut
power or subsequent revision; and it may be found in the
end to the advantage of the causo of common school o lu
ration if the progressive extravagance for schoolhouses,
&c., was timely checked. INQUIRER.
Anniversaries for Biny.
The following list comprises the vnrioas societies
which are to hold their anniversaries in this city duiing
the present month :?
New York Maodauek Society.?This Society held Its
usual anniversary yesterday. None but laches wero ad
mitted, with the exception of Rev. I>r. Tyng anl Rev.
M. L. Scudder, who delivered appropriate addresses.
Friday, May 6.?Union Missionary meeting in ihn
evening, at the Hroadwny Tabernacle, ltevcr Or. Duff
will address the meeting. The doors of the Tabernacle
will be thrown open to these who may not have secured
tickets ten minutes after the exercises have commence 1.
Sunday, May 7.?American Female tiuardian Society,
at the Mercer street Presbyterian Church, at 7>? o'clock.
Addresses by Rev. Mr. Cuyler nnd others.
Monday, May 8, 7Jj P. M.?American Seamen's Friend
Society, at the Broadway Tabernacle.
May 8th.?Institute lor the lUind, at the Tabernacle,
in the afternoon.
Mommy, May 8?Anniversary of Union Theological
Seminary, Mcr.-er street Church, at 7} j P. M.
Tuktday, Muy *.', 10)? A. M ? American Foreign an 1 .
Christian Union, at the Broadway Tabernacle. Ad lro?res
by ltov. Dr. Quia, President of Hampden Sidney Col
lige; Rev. Mr. Klik, Rev. Dr. Bcthune, and Rev. Dr.
puff.
Tuesday, May 0.?Anniversary of the American Sun
day School Union
Tuesday, May 9.?New York Colonization Society, in
the I'utch reformed Church in lofayetle plucr, at 7'j
o'clock. Addresses from R. It. Hurley, Rev. Mr. Peter
son, lately frein Africa, and others.
P Tuesday, May P.?ytnnlverrnry of the American Swo- 1
denborg Printing and Publishing Society, at 8 o'clock in
j the evening, at the Eleventh street Church.
Weiinf-day, May 10.?American Tract Society, at the
| Tabernacle, at 10 o'clock, A. M. Addresses by Iter. Dr.
Puff; Rev. Mr. Onckcn, of Germany; Rot. Dr. Green,
i Pre ident of the Hampden Sydney Ccllego, Va., and Kev.
I Dr. Brooke, of Baltimore.
1 Wednesday. May 10.?American Homo Missionary So
| ciety. nt 7 o'clock, P. M.. in the Mercer street l'rosby
\ terian Church.
Wednesday, M?y 10.?Anniversary of American Antl- !
' Slavery Society, Mr. Chapin's Church, Broadway.
Wednesday, May 10.?Anniversary (1st) of American
Congregational U nion, in Brooklyn,
j WEDNESDAY, May 10.?American and Foreign .Vntl
Slnvery Society, at the Broadway Tabernacle, at 7 ' j P. M.
Wednesday, May 10.?Five Points House of Industry,
in the Broadway Tabernacle, at 3 o'clock P. ){.
Thursday, May 11.?American Bildo Society, in tho
Broadway Tabernacle, at 10 o'clock A. M. Business meet- j
ing at the Bible House at 9 A. M. same day; after which
the society and its friend# will take carriages for (he
Tabernacle. Annual sermon, Sunday, 7th instant, at 7}i
o'clock, in Rev. Dr. Alexander's church.
Friday, May 12.?American Hoard of Commissioners
for Foreign Missions, in the Tabernacle, at 10 o'clock A. ;
M. Addresses from several returned missionaries anl j
oilers.
Fridat, May 12.?New York Anti Slavery Society, in |
the Tabernacle, at 7 )? P. M.
Sunday, May 14.?American Society for Ameliorating !
the Condition of the Jews, in the Dutcb Reformed Church, I
Lafsyette place, at 7% 1'. M. Address by Rsv. John For
syth, of Nswliurg.
? Mat.?American Temperance Union.
The various Baptist societies hold their anniversaries 1
this year in Philadelphia.
A Union Missionary meeting will bo hell next Friday
evening, at 7J? o'clock, in the Tabernacle. Address by
Rev. Doctor Duff. Tickets may he bad at tho places
designated in the advertisement
Difficulty a mon o Concord Firemen?The fire
men of Concord, N. H, havo disbanded their orgaaUa
tion on account of the city refusing to pay them as much
as they asked. They have heretofore been paid 92 each
man per year, and 25 cents tin hour while in actual scr- 1
vire at fires. But this is not satisfactory to the llreinen;
they demand #5 each per year. 25 cent* an hour while at
fires, and'26 cents for attending oacU monthly meeting
dining the summer.
Raising tiik Erik. The steamer Erie was de
stroyed by flic in the summer of lb!t. itislmowutli.it
she had on board Sid,000 specie in freight. A large num
ber of licr i.assenrcr^ were emigrants, who Ua l with tin-in
considerable amounts of specie. All this probably sunk
with the bull of the steamer. It has been thought a
good speculation to raise tho hull, and measures have
been taken to do so early this spring, by a firm in Boston
?Jluflalo Courier, A/ay 2.
It is estimated that nt leart fifty hogs were drowned in
tke Hood at Ilartfo.d.
FINANCIAL AND COMMERCIAL.
HO KEY MARKET.
Tm.'RjiuY, lf?y 4?1 P. M.
There was considerable activity in the stock m i:Wot t
to-day, tut there was no material change in prices. The
leading fancies sold largely on time, but it appears ira
possible to get up any excitement. At the llrat board,
Delaware and Hudson advanced Nciv York Cen'rat ,
railroad, ; Michigan Central Railroad, ,V Erio Rail
road declined percent; Cleveland and Pittsburg Rail
road, 1; Crystal Palace, 2 Those who have held Crys
tal Palace stock with the hope that the opening, nnder
the auspices of Mr. Rarnura, would give a greater market
value, hate probably by this time found out their mis
take The procession this morning was indeed a sorry sight,
and the public appear to take no interest in the aTutr
whatever. The Palace has had its day, and it will be
found impossible to revive it. Tho market value of the
stock must rapidly depreciate, an l it is possible that ut
very low prices it way fall into the hands of certain in.
dividual*, and form a private show room for exhibitions
of the most extraordinary inhabitants of the wuter,
land and air, and nondescripts of all kinds. As ft
company, it is, in fact, defunct. It Is somewhat
extraordinary that daily transactions in fancy stocks to
the extent reported can take placo without creating
gTCftter variations in price*. The brokers aro, it is true,
operating almost entirely on tliclr own account, and
many make an effort to make up in amount of sales what
may be wanting in differences, but even Ihl.r docs not
satisfactorily account for tho uniformity in current value.
The fluctuations are of such a trifling charac'er either
WBy. that brokers who buy and sell on their own account
can hardly squeexe out a decent commission. Wo see no
prospect of any immediate change in this .-.late of things.
We see nothing calculated to encourage holders, or thai
would justify selling short or long time at prssent
pricea At no very distant period, tho war in Europe
may operate favorably upon most of our great interests:
but it will be so gradually developed, and the clfect at
first be so imperceptible, that wo do not alicipatc any
sudden recovery of eonfldeno or important reaction in
prices. The present comparative steadiness In quotations
for nil kinds of securities, stiowri how equally the public
mind Is divided on the questions at issue growing Oat of
the condition of affairs in Europe; and as hostilities ;>ro
gre?s, snd the position of the difforent pon\ rs be tome;
better defined, we shall he belter able to form a more cor
rect opinion as to the ultimate result of movements
going on in the financial world.
After the adjournment of the b< ard tlm following s.d >s
of stocks were mnde at auction hy A. li Nieolay:?
J.VOCO Stockton City, California, 10 percent liouls 7d'.J
5,(f0 do. do. do. do ... 7":j
400 Ohio Canal Sixes, 18?0 1 > I V
200 New York City Fire Indemnity, 180S 08,,
1.000 Man field si.d Sandusky RR. 1st mortpige. 7)
1,000 I.yons (Iowa) Central RR. let mortgage... 2*> 1 ?
1,000 do. do. do. do. ... 27
30 shares Rank of North America !'7\
8 do. Rank of Ameilea Ink',
6 do. City Rank ....US
0 do. Ife-hanies' Bank 160'4
13 do. Gicenwtch Insurance Co 13d,1,
7 do. Firemen's In lira nee Co
ft do. North River Ins trance C'o loo
10 do. Atlantic Pank 83
20 do. do. do 81,
ftO do. Ci'y Fire Insurance t o 18' '?
60 do. Ftna Fir* Insurance Cto. 1"'?
ft do. Reliance Mutual [nsnrancet'o 80':j
20 do. luvfarg* Fire Insurance Co 70
20 do. Mechanic-'anil Traders' Inurauci Co.. 0 >
CO do. Hamilton Firo Tnsnranco Co ft 11'4
20 do. do. do. do. 6&
126 do. American Oil Co 3")
The rcgulai weekly auction sate of stocks, by 3. Hr*
per, will take place a> the Merchants' Exch tngo to in <r
row, at half past 12 o'clock.
At the sccf nrt board the market was about the same.
With very moderate transactions prices were sustained.
It Is a long time sinco fancy stock operations in V.'ail
street have been so flat and unprofitable as we bavo no
ticed during the past six months. It Is the same inure
mcnt over and OT?r again, day after day, and It would
really b* a relief If something wo-ld occur to c -at*
enoiqh of excitement to giv* n start t<f speculation. It
wr.akt not make much difference which way prices went ?
<iD) tiling that would give the market a start up or down,
ia deeliable. A moderate paaic for a short i in would bs
preferable to the present dull, monotonous stale of
things.
Mining stocks have not changed s in re vestorl'iv.
North Carolina reached 2 at the Mining Board; the caali
price, however, is atill about 2;^. The following were the
bids at the Mining Hoard:
Cumberland .. 27** 27* Toltee ... fX"*|
Isrker\ein... 6>, ft., Windsor....""
New Creek _ Flint steel _
fennel Coal.. ? 2^ Kulton.... im ?/l
Penn Coal.... 103 108* Mineral " _i d VI
N>w Jersey''' 8 *8 ? Iloyule.... - 2d"
Tafii ;jerHty -' 8 8'a MorngOopiivr. ? 7
h^high ..., . 2,',' 2.S, Vunderburg... 310,
Am. WhiteZc. - J ., Lindsay..!?... ftfte 6fm
Excelsior /Inc. - X Fhenfx Gold... 60c. V
}U IV Rutherfood 1X
Lu.ehessfcilver 1>4 2 M.fullocl. ... ft
P.. new '* 3 Conrad Hill... 40c 60 ?
7?"pw1: % Cold Hill s?' 8 v I
H|UXX"'' ? ?'?? 2J, Gardiner Gold. 2'4 2-.J" 1
hoiwich..:::: 10 _5* w^^-- * j
Tne following Is an abstract of a paper read by Prof.
Sllhman at the last meeting of the scientific association
ut \> iisbiDgton:?
?, of R^clfonridgecounty is characterized
by the following peculiarities, viz ?
1. lit deiuity. Which la 1.14 to 1.18. Common bitumi
n< u? coal varies from 1.27 to 1.36 an.l tlwT Xw.?.
irom 1.60 to 1.85. The only coal lighter than tin's ."far
as known, la the en-called "Albert coal" of New
wick whose denaltv Is 1.13. The cause of this low deXi 1
lathe matter! * 'a the very targe amount of To- j
and Rre brittle
ana elastic. IhU ih tough, resists powerful and rencatod
Wow. and rebounds the hammer like wood Th i dlnis
liaricy "r "Cun any otl,er coaI with this pecu
irii-tixr 'l'i : . ?? , J *riCfclOU, \\ itII rOSIQOUH el(?C
pi"
jou. ecu,; si oul ' not have lie. oj crty, but^chUthe
fat t with a largo number that have boeu tr'c I *
4. i t Cktvu a1 ComtUution.?This h is bo m dotermlue 1
IB tlic usual v ay. by dertructlve distillation with tha
following resulia, viz.: in lOo porta we hive:?
Vihtlle at redness
Llzed carbon .'.'"".U Oft 27$
sulphur::;:::;; ,8'"? ???<>
? tr?ice a trace
<y f. W 03.0.7
l.iAfv K snr,'i0n *llvrte lulaI'vs<'8 w'ituthoao of .flile? I
kftsszz&j"
11:;t the AlhrerrcTaF,l0(;fHN,wULuS'/myi!.;raVu
er the fat, t aking c Ju of hift? ? ?
The Iowmoor .Scotch cannel, and the bogh-id a&> a 1
Scotch coal, iiro the only one, givlnir 1 hi -l,..- X'
of tohUhim, t,er In Let. the
cmi h tely revcreed'inTho I!recl'"airidg!rcannolCUdLi "" I
n^wl? nthliSZ !
As III gilt be expectod, this coal yiel u n very powerful
and abundant flume, demanding a fre. ?7, r t e
Its re.feet combustion, in Sing, Vuu Z\ do? ' not'
coke or cohere, nor .lues any fatly exudation distil out of
it na m the combustion of tbe fat caking coals of Fast
era Virginia find Fittiiburg. It anneim nttml nil , 11
others in the V.Uov of tliff Ml.a? yofel^i'cd^or ,
rntsing steam in the cylindrical boilera of the Western
rivers, where an abundant andsuatalned ilaiae Is desired I
For the same reasons its adaptation for sugar boiling
stationary stenmboilers, raverberutory furnaces ami
glass woiks Is very obvious. Per piirate use.it pos- !
?esses the advan age of great cleanliness, not producing !
any dust or powder of small coal, and not even soiling a
wrale&rs0, lnr 11,0 tl,ndl'ng. It does not clinker upon J
f?^ m f ' ?laT "" ri7"n,nco hai' ,P;i,e,i "? It is unfit
srnaH at,I.e. " ?D furnacM> tts 14 P'oduces so |
Another pecullsritynf the Ereckenrldge coal, due to 1
its Mate or aggresrion, is its resistance to injury from
atmospheric and mechanical causes; such Is its strength
and elasticity that it loses practically nothing in trans
portation or handling. It may als . bo exposed for any
length of time to the rains and frosts without the least
IwlidTi" T'!0"0 Pcncticahy acquainted with coals will ap
prcc.ate this peculiarity without comment. It Is well
f"?*" U,at n"J b s than ten per emu loss Is occasioned
Py etery handling of ordinary bituminous coaly owing
to the breaking down of the lumps; while under the in
fluence of the ra.ns and frosts tho common coals are
their eonUmicS pyidtcs.' by tation of
J", i'laccc, where the speaker first uncovcrel tlii t
?n"i ?t .! !i S ',4' ?,ut cr<>p w'1'4 fo;,n! to he clean
^ ?w iPm ^ 'a ?' 'be coal perfectly prose, vM 4ad
no coal hloi<Mi,n" or dusl or decumpo-ml coal visible in
ltteA\ X? n? n? \ * "bt ru .ty discoloration of tho
outer ?'.rface ? the> coal wist.ll tho change visible in it;
I ?' !], a!rn,V'iC ' r;tUn aurfaCP'ba mass speared
sunt,"J Ko wlo1 aH m to''<'n U!0 >'ar,,i from tho
of I ? r", ;T CT :euoeiJln b" obtained than this
This cl mt'IX thl" ?"'l to resist atmospheric luMuonc--..
nils cbaincter lna ks itself on tho topography ?[ tl,?
region. A slight t, r;cce or projecting b-dg... ? a boa-li "
as the coal Hewer- call it, may be see: mar' log on ,1m
lull-side, the situation or tin's e, cl <vn. "dr",ag on lbi>
thIt 6'.","e, tU' Rrofbenridgu coal isllke jot. IJko
. m, t T- sustains perfectly well the mochanlci!
7 ,;* V of "'.o/f'turphig, and drilling, and may bo
m.? e t" an,me a high polish. It i.i eas'Iy wrought luto
s.ir ru i tl cat, ornamental articles.
lr-'vr '\'r\t"nr?n r"" ' *'I-tlLi" <"?' is firm and
V,\ I S f "rtn, of 5ev(,r''1 epecies of coil
! 1... i.K, hut not very abundantly. There is no overstate
w.lh a In.!, ant t laiiis, as in many bituminous belt. The
, n! at *' heiieatn ls.sery firm, and contains seams of flat i
ih li ?'i 'S ",lrc e'ems, which appear ab indautlv after
the flf. r has been thrown cut for gome time, subject to I
setn in the flow* f" N" r',"U of 8''if""rial Were '
"vC Ti in tlic no(?r or roof.
T>ii? coal appears peculiar in having the item* and
point* of slgilliirluc imbedded only in I he substance of the
coal ittvir. A specimen illustrating this circumstance is
on the tulle. Stems of this sort wore . o n six feet in
length. The pond a are converted into a light colored
pyiites, contrnstirg very beautifully with tlia dark
ground on which thojr reat Win n a conaidorabln iua*s
of this coal in burned without disturbance, cindura of
some size may be found in the ashes, which present, in a
eery remarkable manner, tho reticulate! appearance of
nn cndi genoux stem as eta in cross section. This eir
cunislnnec. together with the other po ui'.arltleg of t his
eosl, already dwelt on, led the writer to query w hether
this <
coalaeimwn" not cmpo.ed entirely of the com
pressed stun* of largo trees brought together in the
manner of ligiirlte, rather than that of ordinary bitumi
nous cool, to which It has apparently rib analogy.
The receipts at the office of the Assistant Treasurer of
this port, to-day, amounted to $0<!,061 84: the payments
were $f6,73G 10?leaving a balnn e of 88,7110,8(18 93.
The Secretary of the Treasury gives official notice that
his dt| nrment has been advised by the consul of the Uni
ted. States at St. John's, i'orto Rico, that the authorities
of that bland had determined, on the 20th March last,
that after tliut date the value of the silver dollar of the
i United States, of the coinage of 1853 and after, should be
at tbe rate of one hundred and eight cents llacuqulno,
or eight per cent premium over the Macuquino currency
1 of the said Island of Porto Rico.
I The Cleveland papers are rejoicing that the Sen tbe of
1 Pennsylvania lias passed the bill extending the Clevo
> I an 1 and Ashtabula Railroad to Erie, in that State. The
i vole stood 18 for, to 14 against. The oompany are te pay
i Pennsylvania a bonus of 8250,900 for the rlrht of way
i frrm Krie to the Ohio State line The bill also requires
| the company to take a certain amount of the Suubury
and Erie Railroad stock.
Capitalist:, should bear in mind that proposals will he
received at the office of BUtehford fc Uiinaford, No. 58
tVnll (tract, until the close of business on the 10th of
May, for tbe first i-sncof first mortgage bunds of tbe
Ilurhou Railroad Company, amounting to seventeen h in
I died thousand dollars. These bon 1* b'>ar interest at t ie
rate of seven per sent, payable ?eml annually at the
j tSice of the company in this city. They will be Issued
i in sums of one thousand dollars each, with coupons at
tached. The whole amount which can b' iisuel un Isr
the mortgage i? 83,000,000, and It will lie the first and only
list upon the road, and will constitute t ie sole debt of
the company. Tuo company reserve 81,810,030 of this
rnertgnge for the exchange of all the outstanding plain
bonds ef the company now in existe;"""", an I propose to
dlsjoso i f the residue?one million M ren hundred thou
sand <!? liars?for the purpose of dtseharg'nf all their
flouting debt, and of payment of the expenditures nec -s
snry for the full oomplotion of the n lepvementi now in
progress npon the road. The cvpi'al o the company paid
In is 81,500.000of preferred sto k. tn I 8" OK) 000 of com
mon stock, upon which regular div idends have been earned
sid paid for the lost five years, of eight per cent per annum
on the former, and four per cent per annum on the latter.
When we look at tho premiums paid for Erie Railroad
first mortgage bonds, for the Hudson River first mortgage
bonds, and for the first mortgage bonds of several other
railroad companies in this section of the country, we can
not dot bl for a moment but that tbe bids for the first
mortgage bond" of the Harlem Company will average par
at least. There i* no better security In the maiket. and
it the bll* are not for m?re than double the amount re
quired we shall he much mistaken.
The receipts of the Hudson River Railroad Company
for the month of April, 1854. am ranted to 8139,401 71,
against 8102,298 98 for the same month last year, show,
lug an increase of 830,192 73, equal to about twenty six
per cent. We understand that the Crot >n bridge will b#
repaired daring the pre eat week, and on M indsy the
regular trains will be resumed.
Ths earning< of the Cleveland and Toledo Railroad Com
pany for April, 1854, amounted to 873,082, sgsinst
(38,238 for ths same month last year, showing an In
crease of 887,844, equal to one hundred and ten per cent
The Boston Journal of the 3d inst. sa\ s
The clearing bouse system which it Is proposed te
adopt hm, does not meet wttv. fivor from
| a r," ; " UlVr "?>? no doubt tH
| once established, the plan would gH? goneral *ati?fst
tion. There is a gri at disposition with us to hold on',
old established custom- rather tliau to try expcrlmwak
under the old system, inmc sav, we are going on cm
fortahly enough, and arc loth to change. Tu re it ni
now the mi me urgent demand for auch an establishment
with ua. an there waa in New York. Our present system
la uiuch better than their old one, aud a greater degree
of confidence exist- between the banks; but the tim* will
coine whi n their increase will make it a matter of ne
eeaaity. Tl e prominent feature of the new system ia,
tliut it requires every hank to e une up. day after day,
and settle its balance. Thus each institution would
st n 1 upon its own merits, aud in case ofweaku-ss,
would lie | recent#'f from going too far, as their real con
dition Would he exported. The act tf the Legislature re
quiring weekly returns. goes into operation the flret of
Jut e when will tie published tho average amount of spe
cie on band, the amount of hauls and discounts, circula
tion and depositts.
The New lisii-n Journal gives the annexed rtiwiK of
railroad iutvll gonce
The Air Line road will petition the next Legislature
for power to I' ue bouts. similar power has been grant
ed to mott of our railrnada, and was to this hy the lest
Legislature b?i' <!ov. Seymour vetoed the resolution,
and it waa defeated. Wu 'understand that the Governor
afterwards expre-sed hi re.'ret at the veto, not under
standing nt the time the true state of the case.
The llhldletown and Hartford ilailrcad will also petition
for nu extension of powers, and the New Haven and Hart
ford roml wi'l probably try to get permission to amalga
mate with the New York and New Haven?a permission
which two legislatures have successively refused to
grant, for fear It would create a powerful corporation
with a close < barter, which might override all the other
roads in the Fta'e.
Persons interested In the Norfolk County road will pe
tition lor thiee charters of roads starting from W1UI
mnntfe and connecting with the Norfolk road at some
point in Ma- in liu.-et s or Kbode Island.
From Norwich there will lie a petition for a road from
Norwich to Lisbon, connecting with the New London and
TVilhuianlic. or Iis.lihill nud Providence roads.
The s i ck of the New York and New Ilavcnroad is sell
ing a( the New Yoik Exchange at 90, and it is said that
tin cote ] a i y will pass another dividend.
The Norfolk County road is trying to obtain a connec
tion w i'.h the Air Line, near Woousooket, K. I., and on
the oilier kund, the Air l.iue is trying to connect with the
Chillies Liver road near the same point. Each opposes
the oilier, and between the two the Massachusetts Legis
lature will probably grant neither.
Tin ptingiicld branch to the Canal road Is considered
di inl, fi rat leas' one year.
'llie Can- 1 rend is doing a steadily increasing business.
Ti e plunk road connection secures it a eon-i lerable
travel from Waterb ry, and ii is supposed it will soon
In rornf a ourou of handsome profit to the New York
read, a* it i ul.e.uty to its stockholders.
Tl e Poston coi.nectlun with the Now Lon Ion rnad will
iiC periccii d in Maj, wTo n the company will have a right
to expect a Inrj e through travel The Caual road exten
sii n to Northampton is expected to be com, b o j about
the raino time.
Stock Ex<liuiif;e.
Tumi*i>aT, May 4, 1854.
ffpontv ,Vh '70.... 100 100 ah* Erie UK...b3 70>;
lif.OO Hi..i 11 lft M lie's 102 5(10 .Ik 10 71
10< 0 111 On RR Hda . 7flt; 50 do c 70';
6000 do 70 V 200 do o 701;
2600 XY C UK CdaM 00 100 do -<3 70';
3000 do b3 80*; 1)10 do blO 70);
60 slia I) 5: lludCCo llo* 100 do ?' 0 70';
100 do 100 112 100 do ">30 70 ?;
40 do 110)? 50 do 1)30 71
60 bfiO 111); 50 do 030 70\
10 Ilk of N Aneilcn 9'.'); 50 do M0 71'?
SO Continental 13(.. 10] 250 do M0 71
1C0 Morris Cunal.bSO 14); 60 do o 70);
20 IVMb Ini Co 08 100 do MO 70);
160 Klc Trana Co.... 26'; 50 do t.3 70)2
200 do 1)30 20 COO do bit) 70)2
C00 do b20 20 20 do 70 M
?(,o do wo 2ik loo do i>20 7o>;
COO do (3 25 67 Harlem pref 97);
100 do bOO 1>a 28 do 97);
100 do 1.7 20 45 Stonlngtun RR... 64);
100 do blO 20 100 do.. .biiooa 06
100 Penn Coal Co.aCO 103}< 60 XorfcWor Kll.blO 54W
1C0 do c 103); 100 Reading Rlt...b3 74);
60 Breck Coal Co... 10014' 800 do 74 X
73 do 10O)a 200 do blO 75);
10 Crystal Palnce... 43); 500 do *15 74);
3P0 Cum (1 Co .. .530 28 2(8) do ?30 74);
200 do alO 27); 1100 do *}(
250 do 500 28 200 do bOO 75);
60 do b!5 27X 300 do bfli 775*;
200 do 27 % 120 Mud Riv KK 64);
400 Par V SI Co b3 6X 300 do M0 65
10(1 do a60 6); lnO do s83 64X
860 do aS 6X 60 do *30 64X
100 do 5?; 100 do 04)2
200 N Caro Cooper... 2)J 50 Mlcli Con RK..b3 104
50 N Y CenRR....aS 104); 115 Mich South'n RR 111;;
70 do c 104 X 23 N Ind Conat'ion.. 102);
250 do *00 104X 10 (leve C fc Cin RR 116);
100 do ,b3 104T; 23 Sixth Avenue RR 83
16 do 104 j; 45 Clave h Pitta IIR. 80
5 do 106 6 tial & Chisago RR 126
200 CI k Tel RR.. bCO 03 21 do 124
SECOND BOARD.
61700Oblo 0'a '66... 102 20 aha NYConF.R. 104V
MOONYCemRRBds 8?t; OlOirkMMMO 93)2
6000 111 Cen RH Bda 50 do 92)J
10 fha 1) & Hudf Co 110); 70!) Erie RR 50(1 71
60 do b<0 111)., 100 do 53 70);
100 NicTian* C'o.bflO 10',, 100 do......... 70),
lOOCuci Cial Co..aro 27); 200 do b 0 7I)4
200 do a30 27 X 160 do blO 70 V
10O do 27 V 80 do e 70'?
200 Par Vein CCo.. a3 6); 100 do I>33 70>;
10', N Car Copper 1.60 2'; 100 do s3 70j;
]ro do 2;? 400 do *30 70>;
260 do MO 2-V 100ReadingRR....a3 74V
ICO do 2); 200 do *3 74*
Co C'rystul PniaeelilO 44 20 Harlem RR 49);
500 Hudion K RR bCO 05
MINING HOARD.
K 0 aha Caledonia. .aC 4 600 aha X Caro.. .*60 2
ICO do a3 4 200 do b 0 IV
'.Of N.I Zinc 8 200 do *3 ?>V
600 I.ebljrh 1)60 2T; 109 Gardiner o 2?;
260 do 2.V" 60 do c 2'4
100 Po'nmitn s60 2); 100 do b30 2?;
GOON Carolina.. .*80 2 600 do 530 2>;
100 do 1)3 2?; 100 do *30 2*;
200 do r 2'; 500 do b50 2)*
100 do e 2',
CITY TKAOB REPORT,
Tiiojlsdat, May 4?8 P. M.
A Hire hare not Tailed mncli.
IIhkadmtftk?Flour was in very poor aupply and im
proved demand, solely for home uaa, at higher ratea. Tha
day'a sale* embraced 7,000 bbla. ordinary to choice State
at (8 a $8 87 V; mixed to fancy Western at 68 26 a 68
62);. and other kinds at proportionate prices, indicating
an advance since our lust of I2);c. par hbl. There were
sold 1.300 hbla. Canadian, in bund, at 97 87X n 97 00, and
2.000 bbla. Poatbern at yesterday's quotations. Rye dour,
I corn meal, wheat and oat* wero unaltered. Sale- trana
| piie-1 of 500 bushel* rye, in the slip, at 91 15, and 40,000
bushels corn at 83c. a 86c. for mixed, 85c. a K7c. for
1 Southern white and round yellow, and 88c. a 89e. for
| Eou'hcin yellow, per bushel.
Con on ?Ibe maiket was dull. The sales included 100
bales for export, 448 do. for home use, and 290 on specu
lation; total, 889 bales.
Com*.?The market was quiet, with sales of only 200
Imp* Rio, at 11c ; 200 mats Java, at 14>;c.; and 100 St.
Domingo, at 9)<c.
litucinc?Rates were dull, and engagements for direct
European porta very light. To Liverpool shipper* offered
2s. for flour, and for corn, while 2a. 0.1. and Ad.
were aalied. 7o tierce* rice were engaged at 30a , and
1<K) puncheon* of rum were engaged at 10a. per pun
cheon. Yesterday ami to day somo 1,300 bale* of cotton
were engaged at 6-Kd. a11-32d.; and a lot of oil cake at
30a To London 60 tens oil cake were engaged at 30a
and C4); tierces tobacco at f.a. A vessel was taken upbj
A. J.<#ry, to load with deals In Nova Scotia for Loadoi
at ?'? 10*. A hark of 2"0 tons was chartered for twelw
months at 9350 per month, the party to vlctu.il andtnv
her. The Plymouth Dock was taken up to load with col
for I'nninne, at 915 and 6 per cent primage. To Cal.foi
ni.i there was little or no flour, coal, or lumber shipping
)!? a -urrmeiit goods going (orward were at 60c a 09c. pe
font.
Hat.?There were 600 bales river disposed of, at former
r*t? e.
Hot*v?11 tierces Cuba were sold at 42c , In K.nd.
I noil.?Good Scotch pig was in fair ileininl, wilh ?*!?*,
wil in two or three days, of 2?.0 tone, In h>t<. at 640 50,
six in) otba
I atio ?Pastern were in better request, at $2 75 per
t) ousnnd.
IkaIi.?'The market was firm, with sale* of 100 tonn
t-j4rn.li, at ' 1 e , rash.
Moiaki/?Halo* of about 200 hhds. Cuba muscovado
w ere made, at 21c. a ?C);c.; 60 do. clayed, at U0;;c.; 100
bids. J.'ew I r|c?n* nt. I4c , and 100 Porto Ui?o ??. 28c.
Navai Stork ?The sale* emhrseed 150 bins, spirit*
turpentine, at i'Cc. ; the market was at about fii)c a 61c.;
1,600 Ml rosin wire sold, at 91 70 a 91 72);. Tuipen'
l.ne was nominal. Tar was held at 94 50 a 94 75.
t its ? Whale and sperm were unchanged; sales were
made of 150 baskets olive, at 93 87X a 94, an 1 8,000
pallor* llrreed, at former prices.
! i.ovisinxr.?pork moved to the extent of 400 bbkr.
mess at 814 43); per bhl. Prime was scarce, and nom
tnrlly worth 913 12); per hbl. Cut meals were In fairde
ir.and and firm. There have been purchased 270 pkgs.
lard at VV- a 10c. per lb., 500 bbls. beef at full rate*,
and a small pares 1 of beef iianis at 919 per bid. Butter
ami eliee-e remained a* previously reported.
lti' r?Hales of 160 ea ks were made at 3a 4Xc. for
Ir.ferier to prime.
S'Ar?Only UK) bvs Castile brought 11 >4c. per lb.
Hi OAR?The transact ion* embraced 200 hlid* Porto Rteo
at r,c., sud 400 a 500 do. Cuba and New Orleans at priced
a itliin the range of previou* quotations.
T' D/cco?The sales included 40 hhds. Kentucky at
*)*c. 280 bales of St. Domingo. 180 do. Ca!?. 82 cases
I'll r'dn. and 76 eases Connecticut aeel leaf were soM on
private terms.
Tamow?There were 10. 4)0lbs. prime taken atl2';e.
per lb.
Witisi *\"?Paler of 560 hbla. Ohio and primn were ef
fee'ed at 2o);c. a 27c., and 40 hhds dru Ige *. idc. per
gallon.
Domestic Markets.
Ca> miner Cattj* Makkvt Day 3?At market 486 eat
tle?rhout *11 beeves, and no stores?consisting of work
ing )\>n, cows n.d eal es, veerlinrs, two end thrw
yiars old. l'rlces? Market Pee'? Extra at 99 a 99 66 p?
ewt : tot quality, I1 69 a 9^ 75, aecoml quality, 991
48 25; third qciillty, 97 76; ordinary, 97 a 97 50 Hi lee-.
p's 86 50 per ewt. Tailou?98 26 a 98 60. Pelt#?91 31
a 9) 87. O It rkin?18e f?r pound. Veel calves?94
*4 60, 95. 96 * 910; 518 st market. .Stores?Workini
Oxer?9122. 8I1'4. 9182, 9146, 8158. 9K12. 9175 a $2d0
l ow and l el.es?931, {?'( >, t.i'b >40, 942, 946, 948. 960
tei a M ? Two Veers (H.l?9:t3, 84>t, 642, 944, 947 , 9A<
a 8<>2. 11 r .? Years Old- 815, 947 , 949, 961,960.960,
9"?, 971 876 a 910*). Sheep and Lamb*?1,608 at ma
ket. Pi ce- -T x;is, 9", 8') 60, 87 87 26, 99 a 810. By
lot, 98 50, 94, 94 60. 94 75. 95 a 95 97; aale* quick, wtth
on I nr".d to e,itality. Swine?Wholesale, ahoets, 4s. a
tt j ".ft hogs, 6e. and hard fat, at 6;??. per pound.