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NEW YORK HERALD BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR. THE DAILY HERALD, i*tblished even/ day in the ymr. Four rents per copy. Twelve dollars per year, or one dollar per mouth, free of postage. All business, news letter* or telegraphic despatches must be addressed New Yoke HlBiT.n Letters and packages should be properly scaled. Rejected communications will not be re turned. PHILADELPHIA OFFICE?NO. 112 SOUTH SIXTH STREET. LONDON OFFICE OF THE NEW YORK HERALD -NO. 4t> FLEET STREET. PARIS OFFICE?AVENUE DE L'OPERA. Subscriptions and advertisements will be received and lorwarded on the same terms as in New York. VOLUMK XL! NO. 147 AMUSEMENTS TONIGHT. THEATRE COMIQUE. VARIETY. MS P. M. central PARK GARDEX. ORCHESTRA. QUARTET AND CHOKl'S. it S P. M. GILMORE'S GARDEN. ORAND CONCERT, U tt P. H Off*a bach. WALLACE'S THEATRE. BOW SHE LOVES HIM, at 8 P. M. Uiur Wallaek. TONY PASTOR'S NEW THEATRE. variety, at b P .M. Maimer at 1 P. H. UNION SQUARE THEATRE. CONSCIENCE, at B P. it. C. R. Thorn*. Jr. EAGLE THEATRE. VARIETY, at 8 P. M. PARK THKATRE. UNCLE TOE'S CABIN, at ? f. M. U. C. Havard. BOWERY THEATRE. PHE DIAMOND EYE. at 8 P. M. CHATEAU MABILUT varieties, at 8 P. M. OLYMPIC THEATRE. HUMPTY DUEPTY, at * P. M. Parisian varieties, M8P.H. THIRTT-FOURTH street' OPERA HOUSE. VARIETY, at 8 P. M. BOOTH'S THEATRE. JULIUS C.ESAR, at H P. M. Lawrenca Barratk FIFTH AVENUE THEATRE. PIQUE, at 8 P. M. GLOBE THEATRE VARIETY, at 8 P. M. KELLY * LEON'S MIX STEELS, WOOD'S MUSEUM. the FAIR one WITH the BLONDE WIG, M 6P. X. Matiaee at P. M. HOWF. A cushixo* CIRCUS. Parfornasca at '2 P. M. and 8 P. M. B rooklyn the AT R E. BRASS, at 8 P. M. George Paweett Rcwe. SAN P RANCISCO minstrels, ?ISP. M. TRIPLE SHEET. HF.W YORK. FRIDAY, MAY 26, 1876. From our reports this morning the probabilities are that the wtaiher to-day will be cooler, clear or partly cloudy. Notice to Country Newsdealers.?For prompt and regular delivery of the Herald by fast mail trains orders must be senl direct to this office. Postage free. Wall Street Yesterday.?Firmness was shown in several speculative stocks, but the market was irregular. Investment shares, government and railway bonds were steady. Gold opened and closed at 112 5-8, selling meanwhile at 112 3-4 Money was freely supplied at 2 1-2 and 3 per cent. Bristol, England, is having its tarn at a heavy fire, but in the old city there is no Bach material to feed the flames as was the case in Chicago. Henco it is "under con trol." The Cuban Insurgent Torch is doing ter rible damage, not merely to the plantations, bat to the government supplies. When the rebels barn food intended for the Spanish ?rmy it is a sign they are not hungry them selves. The Veto Message of Governor Tilden on the bill to meet the deficiencies in the canal Binking fand will be acceptable to the tax payers because it states that a way has been found through another bill to pay these deficiencies without a tax. The Pro and Con of the new Tariff bill were discussed in the House of Representa tives yesterday, Mr. Morrison, the demo cratic leader of the House, evidently favor ing a compromise between the English lystem of a tux on a l'cw articles und the complicated American *'protection" system. The Reform Association, which a few days ago met in New York, and which gave the publio an address which we published, is not a partisan instrument, as the public has possibly presumed. On the contrary, it is in organization of mechanics and working aien, without distinction of party, and is not controlled by any set of politicians. As an independent and genuine movement of the people it should have a decided political effect in the present canvass. To thx Sharp Crack or thi Rifle the fir*t day of the spring meeting at Creedmoor opened yesterday, and we may look upon the serious work of preparing for our foreign visitors as fairly commenced. The meeting continues to-day and to-morrow, and a wide interest in its results will be felt in the world of manly sports. The young riflemen are coming gradually to the front, although it is to be noticed that the veterans hold their foremost places still. The Mustang Race against time, ending In the triumph of the linrdy little horses and their dashing rider, Francisco Pcralto, at Fleetwood l'ark yesterday, fully justifies jut formerly expressed beliet ixf the powers of the animals and furnishes a line illustra tion of human endurance. The result, more over, strengthens our belief in the possible accomplishment of the greater feat of riding nearly double the distance made by Pcralto yesterday, in which Parker tailed a week ago and which, we believe, he will again undertake. District Attorney Phelps' opinion re specting the present conflict of authority between the police justices nnd the coroners has the combined charm of sonnd law and common sense. Mr. Phelps states the matter tersely when ho says "the object to be secured in cases of homioide is the de tention of the party charged with the crime,"but the struggle in the case in point ?ran who should be the first to let the accused eat. An occasional lesson of this kind might do the coroners good, but it would be better to have coroners lets in need of iMtrsetion. Comkllng and H.jm A*at?s* D*ck. The fog has so far lifted that we are begin ning to be able to take in "tha lay of the land" in this political canvass. On the re publican (ride Mr. Conkling rises into clearer risibility as the leading candidate to eyes trained to distinguish between a ! mountain and a bank of clouds when they stand against the horizon. To the unprac tised eye of ? stranger a line of clouds may \ Bucm like a range of mountains as they lie | in the distance, but a nearer approach de | strovs the illusion and makes it apparent i which is illusion and which reality. It is only to a distant and superficial view that Blaine seems stronger than Conkling, and the nearer we get to the Cincinnati Conven tion the more evident it will become that there is no solidity in the boasted strength of Mr. Blaine. Unlehs Mr. Blaine enters the Convention with a majority he will never get a majority at all. The reason is that his rivals can more easily make alliances with one another than with him. If Morton failB his strength will naturally go to Conkling?certainly not to Blaine. When the Pennsylvania delegates cease voting lor Hartranft they will be trans ferred in a body to Conkling ; Blaine will not receive a single vote from among them all. When the Ohio delegates withdraw Hayes they might go for Bristow if he had any chance of success ; but it will be evident by that time that he has none at all^and as soon as Morton it out of the race they will prefer Conkling, and, perhaps, go for him without waiting to watch the prospects of any other candidate. Governor Hayes is altogether the best name for the second place on the ticket, and when his Iriends find that he cannot be nomi nated for the first place they will pre fer an alliance, not with Morton, who, being himself a Western man, would exclude a Western candidate for Vice President, nor with Blaine, who cannot carry the indispen sable State of New York, but with Conkling, who will be supported by the two largest States in the Union. Governor Hayes' friends will perceive that when Ohio is joined with these two there will be a solid nucleus of the three largest States, having I an aggregate of one hundred and seventy two votes in the Convention. The Southern States, as soon as Morton and Bristow are out of the field, will bring to Conk ling more than votes enough to make a majority with those of tho three great States of New York, Pennsylva nia and Ohio. The faintest intimation of President Grant's wish will turn over the Southern delegations to Conkling as soon as they are satisfied that Morton cannot be nominated. Only two hundred and sixteen of the Southern delegates are needed to make a Conkling majority with three great States, and when Morton is withdrawn Conkling will have at least two hundred and fifty votes from the South. Besides, he will have the votes of the Pacific States and a part of the Blaine delegation, when it becomes evident, as it will at an early stage of the I proceedings, that Blaine is an impossible | candidate. This exhibit of figures and probabilities shows that Blaine's only chance lies in his getting a majority on the first ballot, and the most sanguino of his friends, unlets they arc the victims of a hallucination, cannot'expect this. He needs all or nearly all tho delegates yet to be chosen to increase his present number to a majority. It would be wild and chimerical to expect anything of the kind. A very little arithmetic suffices for showing how illusory are the hopes and boastings founded upon the ac tion of the conventions held on Wednesday. Moreover, of the delegates counted for Blaine the greater proportion will go to Cin cinnati unpledged and will have a more complete ' berty to vote for another candi date than the Pennsylvania and Ohio dele gates will have to abandon Hartranft and Hayes. The strongest ticket that can be nominated at Cincinnati ia Conkling and Hayes, be cause it would insure success in the two pivotal Status of Ohio and New York. With Governor Hayes running for the Vice Presidency the Ohio election in October would be a splendid tri umph for the republicans, and that preliminary victory would insure * similar triumph in New York, where Conkling is strong and Blaine weak. Certain it is that without the vote of New York the republican party cannot elect the President. It would be political suicide to nominate Blaine, when the vote of New York is indispensable. The personal bitterness which has so long existed between him and Conkling makes it impossi ble for him to carry a State in which the friends of Conkling are powerful. Blaine will lead at Cincinnati on the first ballot, be cause in the first ballot a large share of Conkling's ultimate strength will be scat tered in complimentary votes to other can didates?particularly to Hartranft, Hayes and Morton, all of whom will be withdrawn at a subsequent stage of the pro ceedings. But Blaine bas no reversionary interest in any of the delegations which will vote for other candidates on the first ballot, and he cannot have a ma jority on the first ballot unless all, or nearly all, of the one hundred and seven delegates yet to bo chosen shall be added to his pres ent strength. But this is too violent a sup position for any bane man to make. A concentration of the anti-Blainc forces upon Morton is impossible, partly on ac count of hi* health, but chiefly bccause bis inflation record would be an insupc rablo bur to bis getting the electoral vote of New York, without which no Presidential candidate of either party can succced. The anti-Blaine delegates will not unite upon Bristow be cause Briatow'a supporters are sentimental ists, and the Convention will be controlled by politicians. Hayes is the strongest can didate in the West, and a concentration on him would be barely possible if his popular ity could not be used to strengthen the ticket in a better way. But he will do as much for it holding the second place as the first, while he has nothing like Conkling's chances for carrying New York. As for Blaine, he has many popular qualities, and the attompts made by his political opponent* to blacken | his reputation have reacted in bis favor and | given him the illusory appearauco of. j strength which will cause him to go to Cin I oinnati like an ox crowned with garlands for the sacrifice. He is, par bwBww, the news paper candidate, no man having been so in dustriously written up by the correspond ents of the press at the national capital. But this kind of factitious reputation is like that j of the bepuffed and OYerpraised generals in the late war, who captured the newspaper correspondents by profuse courtesies. The reputation of those newspaper generals did not wear well, and Mr. Blaine has been in jured in the Bame way by indiscreet puffery and praise, particularly in the Western papers. These laurels will wilt on hia brow ' before he reaches Cincinnati The foregoing reasoning respecting the course of proceedings at Cincinnati is strengthened by recurring to the most potent I factor in shaping the result President ; Grant has put his hand on the helm at the j precise point of time when the ship most I needed direction: The steadying effect is ! already apparent No intelligent politician ' undervalues the influence of a President in ; office upon the action of his own party, and I this vast influence, which would have ena bled General Grant to secure his own nomi j nation, had it not been for the Babcock and , Belknap mishaps, is sufficient to enable him to turn the 6cale in favor of any good candi date. He is too skilful a strategist to waste ; strength in taking positions wh ch must ultimately fall of themselves. He has accord ingly left Mr. Blaine to make all he can out of his newspaper campaigning in the West. Tho President has cdhtined his attention to tho main key of the situa tion. He sees that Morton cannot be nom inated, sees that he can give Morton's Southern strength to Conkling, and that in addition Conkling needs only the three great Stutes, two of which are already secure, while the other can be brought into line by giving Governor Hayes the second place on the tickct This combination will succeed against the deck. Meanwhile the democratic outlook iB not encouraging. Governor Hayes is mistaken in supposing that the inflationists will not bolt if Mr. Tilden should be nominated. Dissatisfied democrats take to a bolt as naturally as ducks to water. Mr. Tilden himself was one of the leaders in the Van Buren bolt of 1848, by which General Cass was defeated. The great and fatal bolt of 1860 is fresh in everybody's recollection. But nothing has ever been accomplished by a republican bolt. The attempted bolt un der Fremont in 1864 collapsed in a few weeks, and the liberal republican movement four years ago did not weaken the regular organization. Within a week after the nomi nation of Conkling and Hayes the party will be fully united upon them, whereas the nomination of Governor Tilden at St Louis would bo followed by a successful bolt of the inflationists. The only way to prevent such a schism is for Mr. Tilden to give his influence and support to Senator Bayard, for an Eastern bolt would follow the nomination of a rag money candidate. The Queen's Cup* The New York Yacht Club have decided to acoept the terms of the challenge made by Commodore Gilford of the Royal Canadian Yacht Club for the Queen's Cup race. The club will name a yacht on the 1st of July and sail her on the 10th, 12th and 14th, with a proviso that if either of the contesting yachts is in a disabled condition on any of the days named for the races a postponement shall be had for repaira. This action is commendable, inasmuch as it re moves every obstacle to the contest, and the concession is made in a spirit showing true love for sport It is to be regretted, however, that Com modore Gilford, having inquired of the proper persons on what terms the Queen's Cup could be sailed for, and having been explicitly answered, did not at once determine either to sail for the cup on those terms or to drop the sub ject rather than proceed to criticise and cavil and propose new terms of his own. No good reason can be given why Commo dore Gilford should not take the same chances that #ere taken by Mr. Ashbury. That gentleman was certainly hard enough to please, and the terms which, after thor ough examination and discussion, repeated to tedious extremity, were held to be just and lair toward him cannot be unjnst or un lair toward another. Indeed, to imitatf the Ashbury method in this case is not in good taste, for it implies either that the chal lenger is better acquainted with the condi tions of a fair race in these waters than the clu~ committee is, or that he is of opinion the terms are framed in an overreuching spirit. Quibbling is not sportsmanlike. It has been understood that Commodore Gif ford is a keen yachtsman, and disappoint ment in this regard would excite regret. It seems a peculiar misfortune of this trophy { that it never comes before the public save as the introduction to more or less correspond ence rather worthy of attorneys than yachts men. If this is to continue the cup will be come a nuisance. If it is to become a source of quibbling contention it would be a first class advantage to lone it immediately, or return it to the heirs of the donor, or get rid ot it in sou.e other way. Its complete dis appearance would excite the less regret, as it no longer seems to producc test races that can determine the relaiivo exccllcnce of model?a truth sufficiently shown by the fact that in tho raco now proposed, though the challenger flics a foreign dag, she was modelled here. Tar. RsiOLt tioms or the Hoard or Al dermen respecting the excise raid made by the police last {Sunday are emphatic in their disapproval thereof. The instruction to the Law Committee and the Corporation Counsel to report forthwith whether the Noah Clay polo business of the police, the arbitrary arrests and invasions of qniot premises, are necessary to the proper enforcement of the law, suggest* en easy answer. What the Aldermen apparently desire to know l* how littlo enforceuk nt can be officially applied; but they do not pnt it in that blunt way. The Stout or the Caswell Mrmrr, as told in our letter from Queenstown, whither the bloodstained vessel was brought by the Knglish gunboat Goshawk, is a terrible one. WitM the execution of the Lennie mutineers and their crimes fresh in the publio mind this tale of the deep will be read with interest* The KxtaMtlttoa Treaty. Secretary Fish's reply to Lord Derby's lut note was, it it understood, sent by last i Wednesday's steamer. It Is supposed to be : a final argument, a restatement of the posi I tion of the United States and a request that either Winslow be surrendered at once on the terms proposed by our government and | in accordance with the treaty or that the i i British government shall, without further I discussion, refuse, and thereby violate and [ abrogate the treaty. i Secretary Fish is right if he has taken this ; attitude. There is no room for argument in j | this matter. The English journals generally | i acknowledge that their government is in the i wrong. The London Spectator showed I clearly in the last number received here that | Lord Derby was really attempting the ab surdity of making an act of Parliament | override a treaty, which is an international agreement. The Tunes and other journals have taken similar ground, and it begins to look as though public opinion in England would presently be as unanimous as it is here against the British assumptions. A good deal of surprise has been expressed here at the extremely illogical and untenable 1 ground assumed by the British government in this extradition matter. But the English have a sort of superstitious reverence for an > act of Parliament. They have a saying that | "Parliament can do anything except make a | man a woman," and this extradition case is j not the fir^t instance, by any means, when a British Minister has based his action upon the "opinion of the law oflicers of the Crown" as to the meaning of an act of Por liament, without taking the trouble himself to examine it. Thus it may be remembered by many of our readers among the legal pro fession that in the fishery question, some years ago, the British government took its position upon an opinion of the "law officers of the Crown," which opinion was based upon an assumption that a certain provision concerning headlands existed in the treaty of October 20. 1818, when, in fact, it was shown by the United States that no such provision or clause was found in that treaty; and, after interminable arguments, the Eng lish had to give up the point Again, in the case of the Alabama's escape, the British Ministers of that day sought shelter behind a plea that they waited, before acting, upon the opinion of their law officers ; that this opinion was delayed, and that pending its reception by tho Foreign Office the Alabama escaped ; the claim being then that without this "opinion" the government could not act. And now, in this Winslow case, the Brit ish Attorney General advises the Ministry not only that an act of Parliament overrules treaties, which is absurd and oontrary to all public law and to the very nature of a treaty, which is a mutual agreement between two nations ; but he goes further and assorts that a certain act of Parliament overrules a treaty with the United States, when, in fact, a clause in that very act makes express and explicit reservation of the stipulations of the treaty! And a British Minister, who ought at least to have taken the trouble to read the act of Parliament and the treaty before writing his despatch, gravely acoepts this "opinion" for his diplomatic guidance! Of courae argument is impossible on such grounds ; and we trust Secretary Fish has, in the despatch now on its way to London, demanded a specific answer?yes or no?to our demand for the extradition of Winslow. If Great Britain does not meun to observe her treaty obligations we ought to know it; if she does then there should be no necessity for further argument, for the case is too plain. Dead Men's Shoes. There seems to be in Wall street, in these days, occasion to apply the proverb of those who wait for dead men's shoes, though in a somewhat different sense to the one that is common. From the constant repetition of exaggerated rumors in regard to the health of Commodore Yanderbilt, from the earnest at tention with which his health is watched and the much that is made of every trifle in this connection, the public is not for a moment permitted to doubt that a large number of active-financiers count with confidence upon an advantage to themselves to flow lroin the death of this potentate of the raiL They ex pect to make their fortunes out of a variation in the prico of Central and other shares, which, it is assumed, must necessarily'fall in value at the Commodore's death. It would not surprise us to seo a great many of these gentlemen burn their fingers when the event they count upon comes, ^pd which it is to be hoped may not come lor many a day. It twas assumed ut one time?and at one time there was ground for it, perhaps?that Mr. Vanderbilt's death wouid be a calamity to the intercuts sustained by his capacity and ex perience; and the speculative world has not changed its view of the loots, though we do not doubt that the facts are chuuged alto gether. if Commodore Yanderbilt should die now that event would be ol far less conse quence in its financial aspect thau is thought by those who base upon it mere speculative projects, lor the Commodore is> a wise man, and the interests with which his name is in volved wouid scarcely be taken by surprise. The Central Railroad long since passed out of that stago of its existence when any one person was absolutely neeeshury to its great prosperity, and reached tliut stage when it continued in virtue of perfect organization to move easily and regularly on the impulse derived originally trom Vanderbilt's will and talent. The Commodore would, and well might, consider that his labor was only half done if his great institution were still in such a position that it could be seriously in jured by even his own death. The Chilian Exhibition. ?The managers of our Centennial Exhibition might learn a valuable lesson from the report of Mr. Stephen Rogers, one of the United States Commissioners to the Chilian Exposition, which is addressed to Secretary Fish. The South American Exhi^tion seems to have failed principally because of its gross mismanagement. The contracts made with American contributors were broken and disregarded entirely, and they suf fered losses, which, it is intimated, may result in claims against Chili for restitu tion. The United States, however, made a fine display at the fair, sad have only to oomplain of the luiuatioe to whioh Mr. Rogers refers and of the want of ataaa power to display oar resources and inven tions in machinery. The report advocates ?ery strongly the extension of our postal re lations with Soath America and the devel opment of our commerce by new steamship lines. Mr. Bogers writes in a rather angry tone, but we presume he haa had sufficient provocation. Th? Sew Editor of th* "Work.* Our democratic contemporary, the World, is exhibiting remarkable judgment and tact in its mode of dealing with Governor Tilden. It treats him with great fairness, recognizes his political standing and public services, and avoids every expression which could wound bis self-respect or make it difficult for him to act cordially with the supporters of any other democratic candidate, if some other candidate should be successful. Mr. Hurlbert carries no passion or zealotry into politics, but a great deal of cool calculation and considerate good nature. This tone is peculiarly appropriate in the organ of a great political party, which should be a harmonizer of differences and promoter of unity. It is impossible for the three or four millions of citizens who compose a national party to think alike on all ques tions. A catholic and tolerant spirit in relation to minor cootroversies, and more particularly a respectful personal treatment of opponents within the party lines, is the indispensable basis of successful manage ment The wise, patriotic maxim, "In essen tials unity, in non-essentials liberty, in all things charity," is as applicable to the inter nal affairs of a political party as to those of the Church. We are pleased to see that Mr. Hurlbert has not this important lesson yet to learn. Tfce dissensions in the democratic party, both as to persons and principles, re quire great delicacy of handling, especially in a journal which finds it necessary to make a new departure under critical circum stances. In order to heal the divisions which have arisen between the Eastern and Western democracy it has become needful to thwart some vehement personal aspirations, and the new editor of the World is changing the coarse of the ship with as much gentleness as decision. Taste and brilliancy are what we had abundant reasons to expect from Mr. Hurlbert, but the political sagacity and con siderate wisdom which he is exhibiting de velop a new quality of his variously gifted mind. If he shall proceed as he has begun in the difficult and most delicate task which lies before him he will furnish a shining proof that intellectual brilliancy and elegant tastes are not inconsistent with sound judg ment and aptitude for affairs. Secretary Briatow'a Proopects. The only argument of much seeming weight for nominating Mr. Bristow for the Presidency is that he would draw away a part of the reform vote from Governor Til den, and, in that way, carry New York for the republicans. But before the Cincinnati Convention meets it will be apparent that Governor Tilden cannot receive the demo-, cratic nomination, and that Mr. Conkling has better chances in New YoTk than any other candidate. The suggestion that it might be politic to run Mr. BriBtow for the Vice Presidency on the Conkling ticket is worth considering. It would doubt less recommend the ticket to reformers; but, as wo estimate tendencies, a re publican victory in the October States would be worth more to the republicans than the whole reform vote. The elections in Ohio and Indiana will not turn on reform, but on the currency; it will be a contest between hard money and rag money. Mr. Bristow would not help the ticket in either of those States, but Governor Hayes would insure its success in both. "Well begun is half done," says the adage; republican vic tories in Ohio and Indiana in October would virtually decide the Presidential election in advance. Admitting that Mr. Bristow's name would strengthen the ticket, we are cqpfldent that it could not compare in value and efficiency with that of Governor Hayes. Our view of the canvass is summed up in the phrase, "Conkling and Hayes against the deck." ? Long Service Rewarded. An English opinion of the lute Mr. Stewart's career as a business man is that it exhibited in him the possession of ordinary qualities in an extraordi nary degree. His bequests to his em ployes exhibit, says the journal in question, the same business-liko core and discrimina tion that led to his amassing so con siderable a fortune. These have now been awarded, and the transaction may well be described as extraordinary when it is found that the number of employes who have served the lirm for ten years and ! upward reaches three hundred. That this is something a little *hort of four-and-a-half per cent of the whole number of the late Mr. Stewart's employes, said to be seven thou sand all told, gives some idea of the extent of the great dry goods merchant's business. ; The settlement required a sum of three hun- | dred thousand dollars, and it is pleasant to 1 notice that in many cases the records of service were stretched by Mr. Hilton i a little to bring the deserving within ; the range of this handsome testimony to long and faithful services. In view of tho fnc't that few businesses in America have enjoyed a greater reputation for stabil ity for the past twenty years than Mr. Stew art's it is significant of tho Restlessness and ; ambition of our people that such a small ? percentage, comparatively speaking, should ; have clung to the great house during the 1 prescribed time. Blackwixl's Island.?The chronic feeling of insecurity in which the citizens of New York live with regard to Dlackwell's Island could not havo been better evidenced than it was yesterday afternoon. A prisoner attempted to escape, and, by a blunder, the telegraph operator sent to tho Fifty-ninth street station the code signal "prisoners c?- ! caping," instead of "prisoner escaping." 1 Tho immediato result was excitement at Police Headquarters, and, us soon tut the re port got to tho public ear, something very like a thief panic prevailed in the city. That such a report should receive such ready credence from the police authorities of New York is a telling comment upon the con duct of one of owe mat?t rant?ive instita. i tions. Prom mb ably managed penitentiary no such report would for an instant be ered ???* to Ucnm. .. man now lives who remember* the tune when it required three daye to go from New York to Philadelphia. ?* wo ? the .Ug. coaoh days at tr.T,l_not ,Qch ?' Lionel Kane, .ho drlw. to Pelhan. Bridge ? rapidly and pl^aaatlT ?"?",-?.<? ho?? occ i^17to go.ng only ninety mil.* *?hi ^ ?rw>klm and Adam. traTelled thi, old. faahionod way, and d,ligh?a I0 doab| ?hen they .era not detained by .no. atorma and Hood.. It ie not aaay for ns to realize the gain in time which steam has a?, complished. Instead of three days from New York to Philadelphia we are carried from city to city in less than three hours, and now we are expected to cross the whole continent in less than four days?that is, we can go from New York to Sun Francisco in less time than was needed not half a century ago to travel from Philadelphia to New York. Surely this speed almost realizes the boast of Puck that he eould "put a girdle roundabout the earth in forty minutes." bo our friend Jules Verne, whose imagine* tion of American railroads was so excitable that he made trains on the Union Paoifio line leap over chasms and unsafe bridges, undertook to depict an extraordinary journey of his hero across the continent in his novel "Around the World in Eighty Days." Bui liia imagination fell short of the reality which Messrs. Jarrett & Palmer propose to perform with their lightning train, which eaves New lork for San Francisco on the 1st of June. The fertile fields of New York, the plains of Oliio, the splendid Slates oI Indiana and Illinois, the Mississippi (Fathei of Waters), the immense distances of Mis souri, Nebraska, Colorado; tho ridges of the Itocky Mountains, Utah, Neva3a, Cali fornia, all that vast extent of country into which England could be put like a mere county, out of which realms as great as Rome could be taken, like the rib from Adam, without the loss being noted; deserts, rivers, empires?all will be swept over by the iron steed in eighty hours. There seems no limit to the resources of machinery and the enterprise ol man. The ocean formerly divided the con tinents, but now it is the ocean that unites, for countless steamships -hurry through the waters, and the telegraph system beneath the sea is less exposed to accidents than that ubove the land. Thus the continent which once separated the Pacific from the Atlantic is almost annihilated as to time. From ocean to ocean is but a trifling journey. Nothing that the Centennial Exhibition will reveal in the way of American progress can excel this proof of our development, which will be remarkable not merely ns a feat of daring nnd energy, but as an illustration of what resources in swift travel our railroads are yet to display. Tl?e Presidency la Boston. Our Boston letter will be scanned with in terest by all who study the drift of opinion throughout th%country on the one paramount topic of the times. In it will be found plenty of thought, acute observation and happily presented results of wide experience, for the talkers are Governor Bice and General But ler. Governor Bice's survey of the Pres idential field will in several points be found to echo the best opinions of the people every where. General Butler deals with the topic in his usual incisive way. In his vigorously presented statement ot Mr. Tilden's case we cannot agree with him, for we are not con vinced that the Governor's nomination is so inevitable as the General seems to believe it neither are we persuaded thaf if the Govl ernor shall be nominated it will be due to the tact (his wealth) which is put forward o the point that is to determine the whole case in his favor. That view regards strictly the bad side of our politics-contemplates the mere machinery and the mean motives. It is, therefore, incorrect and unjust, because it only views a part of the subject. There are other considerations that will come properly before the democrats besides the inquiry, What candidate can spend the most money ? and we believe that that particular consideration will be of less consequence this year than it has been for a genemtion. Violent Storms, accompanied by hail and lightning, will probably occur during to day and to-morrow in the Northwestern and the Upper Mississippi and Ohio Valley States. An area of high temperature ex isted yesterday over Dakota, Minnesota and tho uppor lake region, which gave an almost tropical heat to these territories. At Pembina, Dakota, the temperature vai six degrees warmer thun at Wilmington, N. C.t aud at Duluth and Charleston the tempera* tnre was equal, although the difference of latitude between the two cities is about thirty degrees. A high barometrio pressure prevails all over the United States east ol the Missouri River. There are indications, however, of the formation of areas of Ion pressure in the Southwest and in the ex* treiue northwestern part of British Colum bia. An increase of cloudiness and tem? peratnre, with probable rain, is predicted foi New York State during to-day. Enolano's Reasons for withholding hei assent to the Berlin memorandum, drawn up by the three imperial Chancellors, ar? very ranch to the point, from the English view of the situation. The weak spot is the reference to the treaty of l8oti, which she allowed to be torn np brforo her eyes, and an appeal to that document at this late day sounds like a voice from one of the Egyp tian mummy tombs. England's belief that the Powers are driving the Porle iuto a con ner is founded on fact, but What is she going to do about it? Turkish stocks are lowei than ever on the London Exchange. Thx Chabox Aoainkt Genxbal Schexcx.? The Scotch vcrdict of "not proven" is all that General Schenck can claim. Unques tionably tho report of the Committee of Fop. cign AJhiirs upon the Emma mine Mwindle does not exonerate him. It is the duty of the American government to take care of American honor, and ex-Minister Schenck owes much to the magnanimity of bit countrymen. Yet the facts ascertained by a long investigation compelled tta* Committee ot the House of ReMwentatitMN