Newspaper of The New York Herald, February 7, 1855, Page 3

Newspaper of The New York Herald dated February 7, 1855 Page 3
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Oeneiml Dm* 8mn on the Tariff. mo. n. To thi Hon. R. M. T. Huntsb:? The "principle of the tariff of 1946" I anderstanl to be an ad valorem duty. I now prxseed to prove it to be unwise, and inconsistent with the obligation* imposed by the constitution. It will not be denied that one ef the chief en da of the federal oonatitutbn was to form a government to be charged with onr intercourse witi foreign na tiona; aor can it be denied th*t maiy questions mac, ariae which nec?ssuily aff ot our pros >erity, and upon which the action of oar government should depend upon the rela'. or 3 whtc'i exist betreea foreign government! and ? are. Than Congress has power not only to "regulite o mmsroe with foreign nations," ao aatopretoc* uur interests an t proaite the common welfare, so !ar as it oan be d .ne by a proper exercise of that pow<*r, out Congrats a so has power to declare war, it it bsoomrs accessary to that parpoae. It mast, th*r?r'ore, be admitted tiat tha power to "repnlate oo jiaterje" is a mnch more oomprehe naive grant than the power to "levy and collect duties." The pa po e t this latter power la to create a revenue, ami it is therefore sab jrditaie aud aux'Uaiy to t!ie po<*er to "regulave com marcs with fortign attloaa." If the power to levy and collect duties be labor u ate aud auxiliary j to the power to regu ate comne'oe, thra 1 the power to " levy and ool.e t duties" should be so administered aa to aid th* proper exeroise of tbe power to "regulate e-'inmerje" with foreign i tatlona. For aa each power la a aeparate and dis tfnet grant, and both are intended to promote the "genual welfare," it m tie duty of Congress to ai m in later each in such manner aa tlat etel may aid tbe purpose for which tte oiher waa grauted. Let na apply thia principle to ad valorem da tes. The conatttutlon give* to Congress power to "coin money and to e tue vatuu thereof," and to "fix a standard of weignis aud measures." The purpose was to give * a um and lixea standard of ; value regulating the exchanges aad o>eratioaj of commerce, ao as to protect liie property of indi viduals and determine >.ne relation between dob lor j and creditor. Gold a d silver ate, by the common ; ?oasent of naliooa, tbe atsucard of value, and | henoeali obligations for paymeat oi money are held to bepa>able in go.d or aiiver. Yet it la now admit- I fed that the value of tbe property of commercial | countries bears a relation of tiurty to one of t ielr , currency. It follows, taerefore, that if sue co inner cial nation becomes indebted to another, under an Implied understanding that tne debt is to be paid iu produce or property, and the creditor, instead of receiving produce, denands and reooiras gold and silver, the effbet will be to diminish tae value of tbe property of the debtor nation thirty times the sum of tbe payment thus demanded. It is tne duty of Congress to ao "regulate commerce win foreign nations" as to protect, as far aa uouilble, from such a contraction of oar uurreuoy. will an ad valorMiduty do tMs? It does tae very teveree. Take the case of railroad iron ?say that the price is sixty dollars per ton, the duty will be twen'y dollars. In case of a pressure In tie L mdon market, and iron falls to thirty dollars per tou, taen toe daty is but ten dollars. It n?eds no a'gumant to prove tnat there would be no such redaction in prfoe were it not for S3tne coiitlngency c ea'.lag an extraordinary demand for bullion in tie Baukot Eagltnd, and in a sales, atthisreduceo price, would not be made, were it not for the purpose of our specU. Tne effect would be that we wool 1 save fifty dollars 1a I the price of a ton of iroa, aud lose twelve honored 1 dollars in the depreciation of the value of property, j I refer you to Mr. Calhiun's speech upon toe jur* rency, win re he admits that tae value of the pro peity of a commercial nation is thirty timas tbe 1 aum of its currency ; and 11 we assume this data to . be correot, I have demonstrated tnat an ad valorem duty is not only unwise, bu'. most uujust, and alter. y inconsistent with tbe duty imposed upon Coagresa , by the "power to regulate c.mmerce with foretga ' cations. The coalition between Mr. Clay and Mr. Adam* adopted ae tbe basis of their party orgauizition a j bgn tariff and internal improvement? a high tariff ? to collect a large surplus rt venae, lev?ed u.;oa tba , tinmtrd, paid for chit fly by 8ju.he:n exp >rts, to be expended by oombln.mons chiefly in ttis North and West. This, the South sa d, was unequal and aa just, and unconatitotio&ai because tt fit uaeuail aaa unjiuit, and texdiug to < orrupt legieUtioa. You wdi, 1 1 am tore, admit tn*t there u a palpable distiacuon between a tariff levied for the pur,>o*? of creating ? | Is ge au'pius rennae, to be expended by Congress on local wm ka of Int ernal improvement, and a tariff li.fcndt'o to so " regula e our commerce with toreiga nations" r- to prevent thosa periodical contrac tions of oar cumn;y which have caused such ruinous de preciatins of the value of property, and cacti and all of which can be traoeJ to the extraordinary d* roand for bullion, and the meMnrea adopted by Ei ropesn baikei a, coercing the shipment of speoie. I ap?nt the greater part of 1B42 and 1843 In Landon my chief purpese being to study for inyaelf to* ope rations of trade between England and the United States. I knew tHat the theory of free trada is, that commerce la a re .ipiocal exchange of the products of labor, and I wished to know way a demand for bullion in the Bank of England necaeaartly produced a ruinous contraction or our oarrency. I became satisfied that, as ours is the weaker part of tae Brit- , hh financial system, a financial cri is in Eugltud, whatever might be its cause, whether produ:*d by overtradiog, a bad harvest, speculations in railroad shares, or Spanish American bonds, or Soath A. me- j ncaa or Mexican, was always made to ex i plode bare; and its worst effccis wen transferred to us. 1 will give a few facts by way of illustration. The lefoaal of Congress to re carter toe Btak of the United Btates compelled tie shareholders to accept a chatter from tbe State of Pennsylvania. Tbis made it necessary to withdraw tha branchei located in other Btates; this was mostly done by sales of the assets in tbe branches, watch were chiefly paid for ia the notes of local banks. Had tbe Bank of tbe United States demanded specie, most of tbe local banks would have omptnded; tbe directors of the United S ates Bank therefore made large advances on Bute bonds, end for cotton and tobaooo, and sent Mr. Jaadon witi ths bonds to Londoc, and Biddle aud Humphries to Liverpiol, in charge of the cotton and tobacco. TLe biak advanced some live millions la b'lls npon London, to enable the merchants who hal suffered by the great lire to pay thatr B itisb cre ditors. When Mx. J an Jon saiied for l^ndon, Penn sylvania and Maryland sixes were worth Hlx>?n per cent premium; when he reached Louiou he could not bell at any price, aod I was crediby informed that tbe bank would have been protested had not Mr. Morrism, at the last moment, advanc-d the funds, npon an hypothecation of his best securities at ninety Are per ctnt, to enable Mr. Jaodon to pro tect the credit af his bank. Do jou ask why Mr. Jaud.n could not sell hisS'.ate bend*? I reply that tbe interest cn tae pa otic d< bt <jf tbe s> vera! European governments, payable tha greater part in Loudon, and toe gmt'?r par: af which Is coutrolled by a few bankers, who are tne ageats of these government! for the sale of these ee unities, and also of the principal fundholders to reeeive and re Invect their dividends, amounts to stent tao hutdrtd aod fifty m>llions of dol lars per annum. Tbete banters laid that if Mr. iiiddia was permitted to esuo.ish an agency ia Lon don for the sale cf six aed seven par cen a, in oou Beution with their Eorop tan three per oent?, Mr. iddle could furnish any required amount of Ameii i an six and seven per cent*, and that the inevitable eonrequ nee would have been that many of the holders of European three per cents woull have sold out and puiot-ased American six aid seven par cents. It was, therefore, wi'-h them a matter of ne cessity , sh well for themselves as for their clients, tha monarchical governments of Karope, and these beakers combined to depreciate Ant toaa credit. They saw that this cotud most readily be ?cooupitsh ed by breakkg down the Buk of the United ritatee, and t: ere fore they refused to purchase the Slate bonds held by Mr. Jaudcn. Do you ssk why the bank did not sell cotton and tobacco through their agency at Liverpool, aid thus obtain tbe means of meteng the drafui given to tae merohet U of New York ? 1 will explain: ? Up to taat time tie commerce between the I'niteo B'ates and E 'gland wai conducted caiefly through tbe egen %j of ttree L ondoj boms*, kn >wn as tbe tbiee w.'s. The Am<s icaa merchant t.ough from tbe Biitlsh msiinfac.urer on a long oieiit, and drew a bill upon one of these W s. Th> ?oois were brought >o the Uaited Stains, and bonds a', long dates given far tbe dnti.-e. T--e goods were sold aad A mericia produoe remitted, so that the mar ahsBt wss enabled to plate finds in the hands o bis London corieeponuett ia ampla time to make his oa>mm.ts Tbe British flaanciers saw that Mr. B'dlU coald protect bis credit througo tha sale of tha cotton aad tobacco i eit to Biddle Allsmp iriee, at Liverpool, and they therefore resolved not otly to anninilite oar credit, bat to destroy oar commeroe. What I , am sow sboatto say I btvs from tbe best ant'i >rl ty: Ore of the w.'s, fearlag a moaetary crisis, srote to his American co respondsau tiat he ooali ?ot aocep*. their bills as he bad done. The Governor of tLe B?ak of England called npon him a^d swil that tha bank wisoed to encoarega trade with t'e ' I'niUd Htatee, aad by a pledge of aid in cvse of ne cessity induced W. to rtcaU his lattore. the eonse faecce waa. tbat when tbe tlsse osme W. was aadw acoeptanoe to more than twelve millions of dollars, and, instead of carrying Urn through the cr?is, the Bank of England tafosed to dleoouat any ' bill drawn on accoont of the shipment I An.eriraa produce, aad the nooenineaoe was tbat W., who hod a poetUre oapiW at ? >ra I than two milliona of dollara, became bankrupt, and his brother, who tad retired from bnrinaaa, expend cd even a greater ram la the froltloaa effort to sere him. Now, why did the Bank of England urge W. to aid them In their effort to aend a large que itity of British merchandiae to the United BUiea? and why did the bank refoae to dUeoont bUla drawn on aocoaat of shipments of American produce? Do you not are the motive? The tine hud come when it btcame neoeas?ry for British financier* to so regulate their commerce with the United Htates as to enable them to re<nlste the value of our mutey by oontractisg our our rtcoj . It wa < not e tough for the n to refuae to par chafe State bonds? they a*w that It wm indispensa ble to eei-ail our credit thr ng i our commerce. fo do this it was necessaiy to create a large c ?mm *oial balance agaroat up, and to prctxt their tnrae per cei'ta ft. m tie competition *lth oural* and aevea per certs, it became nejesiary to a> regulate their ccmnm ce wits ua that, Initrad of acting upon long credit* and this Riving ua the aid or their capital, th> y now required ia?o oaymeats 'or their ui.aufac turea *h''et they uacd their credit In the pntchtae of i cor pto.'uoe. .. ? . I T. e effe t of tMs at w "regnlation" of ?h'-lr com merce with us Is to enablo 'h?. B?nk of Eag.aad at huy time, upoo one ffeek'i notice, to create a ??aoic And . au?f a contr*ction o! our curresiy by export i log ou- st-ecie. Waa thia r.ew regulation of the!' ormierce oalted fot by any failu eoo the part of our rae:otuuH to , mt<t their en?at(t men s? On t^eontrsry, by re fere ce to ai? official report from the Treasury, y ou will ?e^ ttaot ti e dutiea paid by our merchant* on CottU/m Houae bonda, from the year 1789 t> 1837 Ircluslve, amounted to *lx huodred and ninety-four miibon* of dollar* on boods having alx. nine and twelve mocths to run, and that the loss by ina >tv?6 cy, during that period, was less tnnn one nuudrad.h | part of oi; e per ceut. It folio ?? t' at the ineroliinta who were *o punctual in the payment of du;iee ware j no !ees punctual in the pnjmvnt of the an me due to theii Brltiah creaitore. Wny. then, did the Ban* of Ec gland refuse to aid thoee who were engaged uat >e .rac wi h the United The new regulation which compelled ua to pay in advauoe, inetsad of i urofcadrg on credit, shown that toe purpost waa to tiab'e ton batik at will, to ao regulate tbeir ooo roe oe wlttius, as to enabe trie l^ondoa banker* to export our specie, and by oontiacting our currency so cep'ec ate our credit as to prevent a 0">mpetitijo between our six aud seven par centa anl their three per cent*? What wculd ba the condition or Engl ml and other European nations, If they sere compelled to give seven per cent for money '< How long would Eng land continue 'be war with Russia if consuls were depreciated to forty ? Do rot suppose that I intend to charge that the warfa-e on our credit, or the oontrasUon of our cur rency by the exportation of our specie, la dooe wan- , toulv for the purpuse of doing us injury. What I do obarge ia that such warfare is an indispensable part of the British financial system, and will o.ntiuue to be so as long as oar oommeroe, as regulated bv Congress, furnishes to the Bank of Eagland the surest and che ??f means of recruiting ner bullion. What I would iuipiees upon you and upon Congress Is, that as England has reorganized her system of eummerce so as to increase the facllltlei by whtih i the Bank of England can tranafor our bullion from Wall ttrcet to Lond <n, and inasmuch ae the export of our specie diminishes the value of our pro >erty In the ratio of thirty to one ot the sum of the diminu tion of our cnrrency , which must neo -ssartly be mnoh more than the sum of the specie exported, we lose, by the contraction ot ihe currency, and conaequeot iimimtlon of the value of onr prop irty, much more than the benefit which accrues from any reduction in the price of foreign merchandise, and It ia there - lore the duty of Congress to protect us, not agatnat the cheap labor of Europe, but against the measures which foreigh bankers have adopte *, by which they can create an expansion or contraction of our enr iency at will. How can Congress do thU ? I reo'y, by so regnlatlng onr commerce with foreign naMons as to regulate the value of monej. Th# power Is expressly granted, aud the duty is imperative. Let it not be said that England is oar best cm tetter, and that commerce and exchanges Will regu late themselves, or that, a? we are the grestsrt cou ?umeis of Bnti-h merchandise, England i? int greet ed in prrtu .ting onr prosperity. Let me ask jou to look to ir?l?nu. to India, aad to Portugal. Are not Ireland, India and Portugal consumers of Britina merchandise? And who does aot knur the wealth ai.d lesouroes ot eao'i have bee a exhiueteJ by the tpe ration of Biitlsh com tierce. Do ycu not sae that the real is?ui ot the pru3ent age Is between the monarchies of Europe and their a\stem of taxation, represented by their funded debt, and our rejinbdcau tJrm of govirnra-i', and cur system of progress, repiesented by our nl'rovl# as the b&sls oi financial aad comnercUl credit ? Do you not see that the crises of 1840 anl 18i4 are 1 attributable to the stme cause? In 1840 the coinpe- 1 i tltlon was between three per cent cons >U and six per tent. Stale bonds. Ia 1B64 tho o nsetitioa is between three per cent cons >ls and e'ght per cent raibrad b nd*. Which is the beat basis of credit ' What would be the aondltlon of Flnglwd if sle wore ccmpelled .o pay eight per cent, intersat on he - public debt? Wny does England ??cd her chlv*l ry? thu b*at blood of her mos'. no b> families - to t,?rish before Bebastopol ? Is it not becws's'oe hoi?s thereby to maintain hercommerclil and litan ciaUnpremaoy ? And what aasnranos have youth ?t if r<fce cao haiuble the pride of R'issia, she will not tjea cieate combinauons to arrest our progress, ana thus destroy that competition for the trade of India which onr possession of California necesearily cnatei ? I>o von ask for pro >fs that sad is her pariiose ? Loth at the late Insolent Interference of the British and French agents at St. Domingo. Look at tbe cot cert of England and France In rela tion to Cub t and tbe West Indies, and the Ssnd wi h Islands. I >o yon not see that the coalition bet a ?en Ecalai d and Napoleon the Third ia trie conae<|'ien A ot the i ecessitiea which compel Ibem to aueta n each other? And do yon rot see that the saae motives which compel them now to m\ke war oa Russia may compel them to make war upon us? Is It lo*, therefore, onr duty to leave onr sectional strife and bring anion, wisdom and strength to toe supi>o.t of tor common country ? And fa stead of labotirg to perpetuate the aecilanai l?w? whf'h constitute the chief basia of psrtf organ^stion, should we not rejoice to see t&e North lovi * the intelitgen< e and patilotism of the South to unite with the N*rth in a movement which, If the Smto be w'se, will consolidate toe North and the South for the mait-tensnce of the institutio s whbh are no Use inolfpeneabie to the welfare and pro-petit; cf the North than of the South ? I reserve further oommejt for another letter, and remain your sincere f.-ietd, Drn OarKs. The Commrrtf, ihe 8lalMm*n, and KM I bus ier* of the United Ntate?. [>'rt?n tbe London Newi, Jan. 19 ] It it alleged, ar.d with truf, tuat toe E.glUb public bita b?eo In ttM habit of pa>icg too fr.tle attention to Ue lor; gn policy of i.s govarameut. Tiue, there Lsve been ever* noir and then bursia of popular indignation cr enthusiasm ca!!ed fort'i b/ events in other lands. and denu relations or applause ol the government of the day, for toe part It took in regard to them. Ru: theee hava been r*tb*r ex prea fona ol a vague and transitory a* at m<mt t'mu of coivic'lors b??ed npon deliberate Inquiry. Tne Interest taken by Engiis'nn n in foreign sftitrs n been intermittent, and the views entertainei re "ye tir /r tbem var'able. The events now in pro lirees in the Kant Lave, however, awakened the Engliib public to a aeaae that, aa toe individual la par of a family, and the famiiy part of tbe nation, m> tbe nation itself la bat a part uf toe great republic of tattoos. A state, abov: all, a ?tate zealous aid successful in tbe cuHiva I >n <>f arte aid commerce, can no mire remain isolated fiom the great community of states thin the man ran rtneic uaolated from relations and aaaocUtee in boainc aa or any one fa-nil y from the name rout families by which It ia surrounded in civi roclety. A ration haa to cultivate tbe good will aU otber nations, and some tames to reaM tbeir encroach menu. Every a at kin haa an interest In exerting itself to ensure tbe obeervanoe of certain principles of equity and justice tn the dealings of aU nWooa with one another. A nation of alavex may leave all thcae matters to its rulera ; but a free nttiin, which every now and then calls its rulera to aocwot, and remove a tbem frcm power when deeaed nawoitly ef It, ia bound to exerciae its judgment aa con ecientiou?ly, ?i.l aa fearleaaiy, on ita fore;go rela tione and policy aa on ite domestic ooooeros. Now that the ErgiUh rnbll: haa beenrmwd to tbe knowledge of thla truth, it ia of tbe uinnrt con sequence that its application sb mid not be limited to the f mail space or earth called Eu'ope. We are I not of tl oar who drtam that Eon pi n worn out. ; ft e believe that ii letters, arts, inventive industry, Europe etill takei the lead of the earth. Bat we know that there are on t of Ejrope great an] grow ing communities, among whom there are spirits as daring and erwrgetic , and more tree, teat am to be lound in I he old World. We aee that every year the prop* rtiou borne by oar commerce wita the Old Woild to that wbi bwe carry oa with the whole earth aid r>cean ia growing leas and leas- that tbe numbers of fiec, intelligent, indepenieot men and csmmunltlee out of Europe are on tbe Increse*. Already tbe commerce of the Halted 8 la tea and of toe ctvuieed < ornrnuniti's r:??ch dot Aostra'ia, the Pacific, tne sooliem termination of Africa, and the waters of tbe Eastern Archipelago, is mire ' in ports it to O-eat Briian than that of th? Old World ; and though we art firstly oavlaced that under a ?>stem uf free trade oar commeriU relations witn Europe will be extendsd and la or .ivsd, the is ie a mo. b wider aad m -re profitable fls'd to be enlilvated in other regiors of the earth. Tne most tai^rtaat foreign le'auooa of thia oonTy at toa present moment are wftfc the Unite 1 Htatss of America. These raisttoc* annuii aal oropl'iated; . 'or ia eveiy quarter of the globe the cHix-as ef tbe United Htatee aad ef Oraai B I tain are c metaatiy cottlff into iniUrl 1W* ie Mother reaa>a why M It deslraMe that a l_ ttMorr oh ution ought only to o*bm1o?W wltkuMtiar through the medium of their reapeitlve Zoverameate. Bat is practice thia rule ***** be Strictly obeerred. la ?u oouatriee there are-over lookisg minor ?hair* of dlftnw ? tw gw?t Pw tin; the friend* of free inatttnttoae e?d pr g?*. ud the Mende of deepottem, end ttattouary limita tion a. ud obstructive lew*. Hither party m evetv coaatrv natuaally end neoeeaarily sympathise with Ita counterpart in every other. It te not in homui nature for the liberate of e free nation to abstain riom sympathising with and aasiaung HttuuKlfc 'or their own emaaelpation fr m wttere ta e oonntry robiect to dwpjtic rnle. Abo re ell otbere, tbe despotisms ol Borope here no right to ooinp eke of this; tor the Holy Alliance having >?t the ex.m Lie ot e combination of king* egawet sub'.eote, htve thereby junudod leagues annsg subjec a agvutt deaptto. It it tmyce?lnlet> ley down any frn rel rule ae to how far government* mar and inu*t em Lire at oo-operatloa among difforemeect oa* of th<dr repective subjacta. The clrcaro*uno?i or every epeciai oa ae musl supply the law ap;?Ucit>le to It. bull it ie nec ta* y, lor tha pnacrrauoa of in'^c course between ?v%te? a* orpireto ounnunll et, that eum# lim>t?? oarr^wer at one time tn*t anotoer? H'ou d be implied oa the ooopa ration ol ti.e injects or oiuxine o_ with the eubjtct* or i3itiajns of aiottift. """ oae pr*at difficult} ttat bw bjae?*M? HtaWi-mett of Great Britain when they h?ve b?n caUtd upon ta take part in the oo-gre*^ of tie great Poeere of Europa. In theai c:>un ila i Oieat Bntan h?a hitneito been the oalv free aid I pciular eoverLmtiit Tlo balance of latere n< | between people* and prinoee w<.uld b* lairly held wtte tome .?ther li'tt rate free Power to , takf pait in tb m, a* well a? Great B lUiu. C m Republic of North Americ* ia too only other fl ?t j clan HtttU; tt?at ajawera this d^ecrip'lon. W lea ntxi tl.iat Britain w uvitod to take part ia a geee rel oougrtse .t will be the duty ol our government to ibeiat uix.D tbe United SUtea being ad.nitted to | take pait in their deilbera'ion*. Tneee oouuotU | would btDclit in more wajt t^ian one by the acceetlon of the United Htates to them. The emancipation j of Amerioan aUteemen from the Mipuratitloii* tone lation tor m&Djr old rouiiii? forma iw d^cwiajj I inapplicable to the etate or modem aoolety would unmenaeiy Improve our Bu-opean dipl-nucv. | We do not mean that Great Britain and the Unit ed Btawa would inva 'abl) lie found taking the heme aide in the dla :n^ ma ol a general congraM. These two nationa can more bj invariably m the right than Aivtria aud Roaala can be Invariably in tte wrong. But the incieaaed number of euteamea, bound by the n?cea?ity of their poa tloy to aaa?rt popular pnncipiea, and the aumlaaion of a bodv of atotermen mora trte from cooventionalitiea than any otheta, won'd eaaroiae a healthy Influence the deiib?mtluna ef future general coagnmm. We have rot far to aeek for a cite in which the vifwaof the American ataWanan might at tbe pre aent moaent dlfler from to one of the Brittah. The caa* of Cuba will eeive our purpoae. We approach thH qutation without frar, though we kno v It to be a delicate one. We know thai not a few Ametlctai I cbeiiah a iealonay and ill wlU toward* fc>i?Und. And we are free to admit that they have aome cau*e. At the time of the American war of indipendeuoe, and long alter, moat KnglUhmen Hillily ard ground leral* aide valutd the Amerisana. That feoliug ha* long neen extinct; but a be let that It auivivei hat ueceaaarily been kept up by the terms af dmparage Dentin which many Etglian tourUa and anonymoua acilbblera have been ii the habit of apiaktug of America and Americana. That great rep. oa:h or Erglish jDurnaliam, the Tim*?, haa been perhani the greatrat oflVrder in this w*y. It la to b: hoped ttat Koglifhmen will be more careful in future to let iktir kinairen acioaa the Atlaatio know the Ught in widch lb- y legard tiu m. We are tonacioua that we have ncthing to reproach ouraelva* wi h on til* acore. But the moat aincere reipeot and love lor AiLericAOH ure psrfeillj coriaitent with our frafklj telling t'.em whtn wi think they are wroag. Amencana criticise rther naliora freely: the i ought pattently t> bear oiitlcltm in return. It m oa tnia grvutd that wo Lave alwaya t^> Pi4ak free 1? our on tbe he*d or ne groalavtry. We have an eepeclal right to d) ?? when tie reUuticn or that " d meatic inHltution bfglna to influence the roreiga relatione of the Un:t?d Statfa. In the North American IVipabtlc tbe people are tbe gov*ram-tt ; and to .them, th?*ifo:e, we appeal againat tae policy which their t,r*a>nt athiinUt ration ie enc.iuraiflng or at lea^, conniving at in Cuba and St. I?om\ngo. T e <|uai tlona of the ibdepencence of Cuba, and of lU au nt xation to tbe Untied Hla'ea, are open <ineitr>nv and which do not immediately much affect our mte^ari. But tbe obi>?3t of tboae Ammcaoa who are now la boring by under' ai d cou?piraciea cr op"n aggiea eion to roll >w ont, in Cuba and Bt. D- mingo, the lolic? which b*a pnred sucjeaoful in T< xaa, ieei> y afTecli the honor cf the Lni'ed 8Utea. their ohjwt ia i.ot only to porpttoato negro t.aveiyi^ th* V 1,.^ ed BtaUa, but to encroach on the ftecd- m o. negro bfjoni their frontier. We nuipeot few evea orthe friendR of tne negro In tbe Union hatre a j i?t conception cf what he may and ^aa became wiete he taa Uen admitted to lu'l po itlcal righU. _Evea before t e emanc'pati in of ths negroe* 1 1 tui BilU^h West Inoiea. rree and wealthy b^ ^a k* w.'w in t ie babit ol eendlng tlieir < hlldren to Lng and for their educaton. Thiougucut the Briti*:. calonle* the e ta a nutenuH edu-Atcd ^nd wealthy caiored population. They are member* or the colonial legi*latu*M, an 1 held important aud reap Jtaible offioea unJ?r govern aeLt. Thty are en?eri?rlalng and aucooet'ul trad art and wealthy proprittora. Not a rew of thi* Hm* lave gone in aratcli ol fotuoe to HajU and Bt. Do mingo, and have there r een to high office, lhtee men know their worth, and a e re*) ute to aiaer. their right*. Throughout the An'lllee they are anxiouaiy watching fie operatione or the proalaver; aaa'xat.ociata rrom the Htatee, and reeolute to re aiet tbem at all bazarda. Tbo flret avoeed eucj-a of the fllibtWeia in Cuba or Bu Uomlugo would give the algnal fcr a war of racta-of a renewal or the 8t. Domingo war, with more Inveter* 'y and over a wider field. We apeak not row of what tne fc-iro txan power* miabt deem it n^ceamuy to do if au.h *u event occurred ; we prefer appe?ling t j the eober lud iudxlona in the United rttatea? to the only true lien*. crate, the reeptciera of equal rigbta all racea ol men. Are tb?y prepared to htcur thi guilt ard opprobrium of abetting a policy which matt ne cetearily spread havoc au<l deviatation over tb* whole of the Anti lee ? In their i^l??t the pover to aver* anci a calamity, and awful will be ti*tr >e aponaibility ir ihey <!o cot exercUe that pjwer. Another Pacific Rallroa<( Riprdltlnn. the New Oile?n* I'lca/une, Jan. SI J Wenat* teen favor' d with Rome part'ea tr* o: to txitdiUcp, o? tbe organizing ud eeapatc'iing of watch there bare al-eaiy appea'eJ a f."w it gj? an ticii, bat nothiagol reliability or ie tiolV* inf i.-m* lios, although the utdenakiun ia oue of gra'. in Ureat n.d importa.ce to the wbcla cna'.y.a.d ln>metia?ely to thia tion of the Uni n. ? ? ir it fi imatiou la from the batautioritv, and may, i .ere tore, be recelvtd with peifect cot lidence. Theexpedltun 1* In cotw:c;ion wltino flilbaTer i?ic Movement. nor with any Oft aatmHoa ecb-me, b?ii ia aideiUken by governm-nt for U19 :>arpj?e of eecnrlri Inform ition unl action in lurihe-anct of ? he prrAt prcje ;t of ocnttrucllng a railroad to the P?c lie. An apprrpiiatirn of $43, <>00 having b:en mvle tor the jiurj* ee, the Hecreurj >f War uvi app Mat ed Capf. J. Pope, of the (,'nited StOee T)pj< au v cal Corp*, altb a detachment of t.iO Unltod tft.tea trope, te proceed on the bimIto. Dr. U. <>. SVi nard, formerly c u ; g>xj n and gnolojtiit lo Cap". H. It. Marc/a expecltion, will alao acsompany thuonc to tfc* uae e*;acitv. The immediate deatinaUon af the expeliUon la tie teflon of the Pecan, and Ita objeet that >f Mcsr teioing whether water can be "btalced on the Lla no de Katactdo, by mean* of artentan well*. Here tofore do water r.aa been di?:overed on Ib^ae Tart platna thnugh which the Pacific Ktilroal weald have to paaa, and which, if a anpply of water MMMt by aone meana be obtained on them, Boat preeent a a arcely raraK on able obeucle to t e undertUuog. The Importance of thla expedition, then, oar retdem will readily peroelve to be aiaroely sapable of being overrated. The while country la intereeted Id iU aoc eee, bat tepeiclally ao la the Bou'h. ('apt. P< pe and Dr. Hhomard are both no* 11 oar city, en toate for their deetlna'ion. Toey will pro ceea bene* to Indiaoo a and Han Anion", ?t use o placea < apt. Pope will join the troupe, and at once proceed to the plaina. It la ezpeod t at aome tight mantra will tie occaeied In the endeavor to aetore the nop ply of water, and If that meet wi'b ?uc e?? by or before the ?xpiratioa of 'hat tiu>?, the experitb n will in ai' probavllty tie or J wed to pro ceed to explore the coontry for ct'ier pnr.nee? In fuitheran< e of the great alt. mate object, the cjo ?t ruction f the Pa tflc Railr id. Opt. Tope la well known to be an ab!? erg Sneer, ud In all reepecU admirably alapte 1 lor to* !n Ctant duty which baa bear. Ivpoard apoa him. and an Invaluable coadjutor l> the pet am of Dr. Stomal d. Ti ia expedition la on* la which the city of Kee Orkana < a* Dot but have a deep mtareat. acd to which her st'Jxefl*. aa well aa tie wh-?e H-m'Ji, m irt wlfh a bandar, t dept. Pope and I nr. Hbamard leave thi? mormag. we UUeve, for Texaa. ta the ateaauhip LmMaoa. Ritoltiko Rrr-CTACU.? Ia Moatwomery, Ala bama, ?? th? Mtk alt , tlw MWir* of Inlb ??? >?? eated upea two a??roa?? tha ooa for killiaf hi* ?tfa. aaJ the etbar tor atUuptlag to kill hi* aut*r Ts? Moat r*?y Journal my ? Oaa of Ik* prMotm Ml at owea aaO aaailj. of tha olfcav, owiaa to Mai l?faet >a arraag**** at* tha aaek ?a* ant iiiUaW tk* k aot af the ro?a, eairhla( aMav hla ah la, 414 aot aba Mi* otm not Mn| *uS<-I?dIIt aialoaad, ha waa *aakta< to raarfc tbe repa with hla haaia aol4la( klaM?)f ip a*4 vacifaraaalf It raq?lra4 HWa Ant tuaa to ilaeeeaea kie* Ahaat a thaaaa*4 pavaaaa attoato! the r?v?|ttm apirtaato " TknlrM Mid BiMMIiwil Bboapwat liuru ? 1 The grand f nlry opnrn of " Oh ? derella" will be represented again thia mmIii, Mr. liar rlaoa and Mis* I. Pyne having recovered from tbelr lata indisposition. Aa thia n tba ia-t week it can ba per forated. tho?? who have not vat witnessed it should ana brac* the present opportunity. Tba farce of " A* like aa Two l'aaa" will close all. Bowkky Tubatkk.? The benefit of Mrs. Dunn will take place thia craning The ptrl'iriinnre provided gonprlMi four attractive pieces and eeveral papular actors have volunteered , the moat prominent af whom ara Mr. 0. C. j Charles. Mls? M A Cbarltw, and Mr. C KaMar. Button h Tukatrj. ? liurnett'e arw comely of "Oar is to be played this evening, 1a conjunction wlt'i the last new comedy of the " I'luer'n Plot," tba r??t* of wbicb embrace th? nameaof the entira inmpiny. The infant slaters, Augunta miliaria, will alto dance a fara rita pan da deux. Wai.lack'h Tuvatkz. ? Mr* Mowa'.t'a comedy, c*ll>d " Kaah'ou, " ia to be related tins efentog, Maaart. Wake, I enter Brougham i'yott, Vincent, Mix B?nn?lt, Mra. Brougham, ami Mra. -tepb?na appearing >?> to principal character*. The aucceaaful farce of " A l?4jr and Gentleman iu a Peculiarly PtrpletlnK Preolcatn-nl" Will ll 0 be gltl'D. Mithiiimi itan Titc.atkm ? Hand* and Katham.'axt.-nair ? equealriau company sr<- toai|>e*r both thU a't?m 'in i ami HvuuuN iu aevuraiof their uiuntuiUijull au 1 pleaung feat a. Ammucan Mumtm ? Knnwlni'a play of " The We" i will he peiioiuied tlila a'ternion, ana tbo np?.at c pW* entitled "ltob Hoy " in the even nj, ia both of wu eu Mr J It. Ncott will appear Wood1* Mi.'-ktukui ? Tbe favorite burlesque of ? Blenders" will bo repp BW.ted agalu th'.i el?ntn|, V (ether with tbo umihI perfi iiiiaiire*.'h XKKK.N Arnica ? The new burlnoqun on th? opera of " Lucy of Ijimmarmonr," will be repeated l> nif;ht. It haa proved a riecidod Int. Donai.pkin'h (ipkha Tiumi'K. Thia company continue to perform at Hope Chapel. Their pnrformauoa giic great satisfaction. Th* Corn iMKNTMtv Tie timomai. to Mr. Yf. U. Hon aid- | hob will conic oil to morrow even ng. Supreme Ounrl-t'lri nll. Ih lore Hon Ju'gu Boo e?elt. Ar<vn;Ti8iN0 in hundat nkvmi'aivr*. Fiji. k. ? J timet I. Umilk aiul others vt.Jnkn .1/ IKi I B* ? Th" plaintiffs in thU suit are proprietor* of th* i ?Numbly Courier nowxpaper, and briag thia *?tmn for i the iud of I'.HJ, together with interest since t in year | 1S40, fur advertising in .hair pap r for *ix mouth-.. Tin defeadkit deals* an/ apecillc ar valid agrt'emeat, but It appaared that a contract had lx-?u euterol into, by j wh eh the plaintiffs ai(reed tn adeertian for the defaad aat. Tbe <i?fen<taat'a oounaal inovail. for a uon-ault, no thartound that the contract waa v?M, or, il n it v<ii<l in Itaelf, the publication < f the advertinemf uta on Mnnlav ; waaaufHcient to iiinke it ao liy tfce provialona of vh? ? Revlaeil Htatutea tbe plaiatilTi ara table to an in lict ?tent, and, conae<|iientlv, tbey could claim nothing i nuder a contract which waa of au iaiilctablx nature. The Court a.iid that the uewapaper wat an article of merchandlae, and tlieatatute Tec l*r*l th? aellin* of It , I on Fundoy unlawful. Una bi ing an important ijueitinn i to a ry larite claaa of uewapaper proprietor*, liirol?|.ii( \ ?very contract ma le by them with reference t> Sim la* j advertiaing, lie would direct that a verdict be entarad for the plaintllfa, aubject to the opinion oT the (ieneral ' Term. A vanlict for plaintilla wat accordingly enturel pro forma. Supreme Court? H|)Mlal Term. Before Hon. Judge Hooaevelt. Vku. 6 ? Mesne m. The Farmers' !\re Insurant Com / any of Oneida Cnunl y ? Order of ae<|an<trat oa and for appointment of a rece ver; tba pre* oil* app inlm?nt held to be r.onclualve. The miatake in name of the c ir jioiatinn waived, acrordlng to '2A Itevi.e<l Statu tea 4.'9. In (he Mailer of liar I Samuels ? Ordered tttat defendant be committed, unlet* be pay debt and coita, or coin>ly with the other correction* prencrlbed by the atatute. l)ovner *i. H Mxf/nill ? Motion to aet aside Ju li(iaent in cat e of a joint debtor, one not originally *arr?d, de nied with roate. The 1'rtiiaent of the Merchants' Hank i is. Walrath ? Judgment for plamttlT on demurrer for principal, interest and coeti, and ten per < ent allowance. The CltieJaml an d luledu Uailroad I'timpany The ('anal Hank of Cleveland - Motion to vacate a Itanium at denied, without coal*. In (he Matter of Julia Till madge and inkers ? Petition granted Order aad form of a*aigumeot to he submitted. Jot V. Umnrll Unlet ? Motion to vacats attach ment denied, without coat*. Before IJf D Judge Mitchell. The JUnl al l.sje Insurance Company us The. Super ' Htori if A>w Yirrk.? Motion for mandauinn denied, with ?10 cost*. Alternative inaadaniu* granted, an<l ttay of proctetliaga. Tlie Ailrgnl Hlavc Tiafllc. IMTID HTATO CtiUmiWIONKH'H t'oUKT. Ilefnre Oeo. W. Morten In 'he Mailer of Irll'Ui o'lae Kraft. ? The c.iae of the alleiced slave traffic on the coa*t of Afrlia in the >e*r 18&'J wan continued. The evidence waa prin-lpally a* ?<! tbe identity of th*accua?4, aud similar to tual leporte I for the laat few i*a/s in the IIirai.i*. The aut'.iar atlll r> man. a ubdaciiled. Nrhrsaka U'glalalurr, Tli* tj rat Trrritoiial !.? iri.laturs of Nehra*kn aatemhled at Omaha on tli* 16th ul'Jmn, aa we learn from tb*tV> in Cil I'lull* Kajile, and after a r'X'd deal of etc t -im-nt aa 1 contention, both boures wew organised. Home auven nMiobarii ot tbe Council n?aemb!*d early (n the day, and tlect'd Judge Bennett Ppaafcer. Uovernor ('uma ors appeiiiidin the halt to make ?ome enmrauni' at on to th" Council, ami was railed to or ler Ilia pro<'lamatinn l? elating who wire members was laid ou ta* table At t*o o clock another S .eaker wat elected, Mr FuUom, 1 ut tbe flrat would not vacate. After mucli -ont ntloii the last named gentleman gave up tbe place to the Judge In the Mouse Mr I a'.ham i?a< elert?d Hpeaker At three o'clock both bou*ea a* einbled in joint ooavsa tion, and the mem >er* were *woru into ofli * by th# , 0?"emor, after which lie delivered h i me**age. It ? not yet publUhed. We aie not inlorme i what wa< th" nat utt of tbe contention, but auppoae that It r*lat<x] to party politics. FINANCIAL AND COMMERCIAL. HON K I HABEIT. Tcesdat, Fab. 6-6 P. M. The stock market ?h rathtr uo^ettlrd at th opet>irg tbis morning. At th? tint bssrd Indiana S'a declined 4 per cent; New York Gantra', V* If; Nicaragua Transit, 4; Harlem, j; Panama Kvlr >ad. |* Erie Bjnda, 1S76, adrsnced j per cent; Iilioola Central Honda, 4; H-ie Ballroal, t ; Cleveland and Toltdo Uiilroad, 2|. Erie lU'Irjai at) k wet quits a< tlva, but ver y few cash transactions were m?lt. Cumberland c'-.aed a fraction better thin It o,?ened. lUilroad bonc'a have for aome days put been ope rated in to a large ex tec f, and genera'ly at beUer price*. 1 he new bonds of tbe Erie C >m Ttuy are ?i eciiUUd in now mo e extenelvely than any other class. Nearly forty tbiuasnd dollars of the I wm of lb75 Here eold l>. day on time, bu>?r'a optioo sixty days. Ttuseeaiea were were made bytbne wboate bluing the tto k, and th? pnrchaaeri wer* tboee who look mote to tbe effect on the market valae of the ttcck tbtn t) any prospective profit on the bonds purchased. Tne fall in New York Central iev?cs tc-day waecaaaed by letting down tbemppor wb.cb kaa for several day* sn&ta'ned tb?m. T.e company bare ba*n paying the? on' for divldtnia, and it b? came, therefore, politic to iter. tha market prke m high u pomible. They were yesterday rua u(< to wltbia a quarter per cat of pa*, bat t><! iy fh?y fell off again and c!owd heavy at a de cline of one and three quarters per cent. Tbe probability la that they will gradn ally fettle down, an tbe market ie enpp'.IM, not tbey range aotn-wbere In tne nrlgbbor.iuod af the old laaoe. Stockholder* receiving ibent In payment of tbe last two ?emi annaftl dividend a, are compelled to realize at once, and we ehail, wit iw. doah'., her* nearly tbe wbole lean* on the market w thin the next mc nth or two. Ihe new taaae of Erie bonda wil' aUo htid u.elr way into Wall aueet, from the ban 1* of subscribers, bat not at present prices. Tbe sink ing feed of tbe Erie Ratlroal Company 'oraoencea operations on tbe let of llarcb. How long It wdl c< ntlr.ue depends entirely opoo tbe action of tutors boards of director*. Tbe food wai created "Imply by a reaolotlon of Uie biard, and it cm be eb wished in tbe aan e way. Tbe a tion of a hoard of dlra>*ora in lt?64 Is not blading upon tbe boar! in poeer in l^S, or any lutnre time. It Is our inv'eai n tail kbe sj r.ual payment Into that f .nd wili.atnovety diaUat day , be largely reduced, on a>:c wotof tha Inability A the company to oomply with the pfofts om repaired. Tbe idea of closing the oonstrn :tlon scwraat of the Erie lUllroed, or sny other road of ordinary megai tode, ia absurd. In the recent report of the lt*ed ing Bailroad Company, tbe futioelag pamge a;, pears: ? To ibe iD'juiry i?fre<i?eatly ?n ! uos a sk.tfly ?? '? wh?a w II tsia o r?i ?r capital ' i.? >s >??/ l? ? i?ry r?s<iy act cttaeisMre ?t? y???r , an a* it>> bbiinr? .aer?a?e?. an1 by its ?> reaae 'all* f?t sew asd '.iiti't laiprevtmaota This Is a ins stats of fee <? a?e. The r Tnetm-ti-.n account can awrer be doeod.erea on a flnuhed rial, *? lorg as tba enrrast operetta e expaasee arc re pried baiow tereaty ire percent of the from* ear* lags. Tbe stockholders at tha Erie Reilroad Cam pany wit Had aa ssaocat expaadad ainsa j (m coaattacttaa greater than tae diflaren -t brtreeo fifty fir* sad aereat; five per rest of tha groae rev erne. It may not appear imnaed etaly, for the floating deVt will ahnnrb It, hat, whaa s aew wea is rtqairvd to faad tha Aeattag debt, ws shail kaew seaMthlag sheet tha fetarw ssastis Han acc^wt. The fket tbe* the Me Rallnad CiMfliiy baa paU eff Ha iactm htm, hm-h t? (vcaty Irt Um died IkoMiAd dollar*, U made th? subject of c? gntalattcn to the *to:kho!dera, and II is reported that It la the flrat railroad lota ever paid la fall at maturity. TMa, we beliere, to troe, but ve do not aee that the management ^ entitled to maoh ere lit for paying off old b >nda, equating to tw> mllliov Ave hundred thooaand dollar*, by aa i?ra? of new bonds anmontWg to f<ar million of dollar*. Thia *ort of financiering canaot be rerj er?dlt?b!e to any company, aid It atrikee n* that it ia far from being a cause f>r con* ratu'atloa, aileaa It ahoutd be iiprm the grooud that p?}B nt upon any trrtn* wan b-iUrrtbaa eckiowl?d?el htnk niptcy. 1 Nfmi to be a aecjndary nutter wit'i our rall/>J?d maaegera what aay'hiatf (.uU. M m-va'. twri and tTi ?? per cent p?r moat'.i ia chetp siough, if i* Ci. uot he c bieined cheaper, ho le if a* t ier,? ii i r?rUU oi>jrct to ac omjl^h. Durug the p?it two jcaie the nine o' nr>Ley lit* beei much en hatce<( by 'he iftnimi fn>m ra l oad cjinjut*!, and th.y are no? auiiplwi yet. Ths rite* at which the m << ut rUIrMd band* have been usgotUt-i ?ho? vbe lediflVreifC* tfa*. exUU relative to cvst. k mill on or eo of d "are added ti CMHtrajMou arc. utt, In cegot il.og * I *an of tLree tim-athe #ci lint, K a m ?t ir of ??> con*?<ia< ov. B? the ma eager* *o>! rn.ry of tie ut <ckWJ?M thick no*, but It mu*t be felt at aiae fu'Jire tine. It is en tlrtly out ol tne naiu ?? o? tUiu><a that 11 atnuld bs otherwise. Buch foly and extravagance m int 11 ti TihU-l? tva p?id fur by -use oue. A cmipiiir, ao U'Oiethtri an Inliei <ia , cai on n^t ajoh outrages 00 li t lam of ilnaoe ?'.u impunity. A't r he a j.iuri rn-nt of the Hoard, t .e f li w ii!K?*!f? o* b-cdi *1 J tf.n if were made at aicibn, by Bini'un D;ap?r: ? t'i.OOU *"ttjr ft'*, 1 MStO Int. f,9 4,(M (iCbiMM1 k l< ?cW UltnlltK , Ut mu? ilo VO 6 ,( 00 ofcto land KK , 'I- 1 into* da f?l'g 4,<l0Hu'ihOD Kivt-r #< nilr ?> %?i. iM uit* ... do 150 Mian* ht?niDgtoo ftailroAtl I l, At th* recosd bourd the m.rket ?m quit* bin} ant. Illinois (Antral b >ndn adeaaced 4 l'rir cent; Nicaragua, {; N. Y. Cei tial Hail rod, 1J; Krle Hill toad. |; Heading Ktilroad, f; Cleveland and I' lle.i.t Railroad, Virginia tie, J. At the cloee tie ten d?ncy waa up vard. The drmand for foro'.<n? exchange, for remitting* by the Htcainiihlp i'aoiflc, from this port f a L'.ver. pool to morrow, (Wedt.eeday,) haa Iteea only to a limited rx'r nt. Tbe cloaiag ratea tc day for bllU on I.ordon, were H a !*k per cent premium, and oa I'aiif, 6f I <? i n 1?J. It la reported that the eteamer nill take out abcut aeren hundrel t toueand dollar*, principally In foreign ccie, and that theat^amir from tbla port for Hevre, on Haturday, will take out a large amount of bullion. Tne ateaaer from Aa^lnwa'l, w th Han Kran :lee,o datea to the 10th of January, and about n million and a quarter of trea aure ia nearly i'ne at tbU port. The traeaactima at U?h A an1* taut Treaiurer'a rftl-e to day aerv aa followH I RfffiTHl |IM fl.U 64 | I'aymeata *a,'??l j rai?t fur A*??y 1,4>i UJ | Ilalaore 01 Tie Ohio a^d rennj<vlvan>a It atlroaii hat declared aieml annual diuddnJ of live per cent, payable in otock of tbe company, at par. The City Fire loau : Cum^any hie de 'are J a dir.dend of 113 per thBte. The New Yoik Life Ij.auroa e aad TruU ! Company Arc |<er cent. lh? warianta entered at the Trea u-y lu-paifc ment, Waehin^ton, ou the 3d iual. were ? for tlie ^?jrm'-nt of 'J'i???ury ii?bt? Hi,1W *0 for the Cu?limi? .. 10 tflft '>4 PW eovrlng into th?Tr?a?ury from ruhtoiu* lot, Wo 0") K>r the M ar tiuent 11 Vur re|i??liiK lu ihe War I ? (..rtnieut 1 670 '11 for thf fn'.erlor Imparl ineut 2M,ltl Hi The report of Vie H'.ite Treaaurer ol MvM?"h'i ae'tau<ei*ot give av*ry flaVerlng exhibit of the public flcunctii. Within ihepaat ten ywara the reve nue of the St^te baa neatly d'?uVj?d, notwlthi'ai li ug wKicb the e xpenditurea hive ex-:ee ie<l the in-^m* The total receipt* into tbe treaiary lor tbe y<>ar were t'i 144,323 37; and then wat caeb on tunl on the let ol January, lHSt, $202 909 66. The total *X[?ioitare? of too t.-ea*ury lor tbe year liav) Itean %1 261,036 66, and there waa ciah cu band, Jan. 1, ' 1H6A,|W>,3.'>6 3*. Tbe receipt* from the ordinary rertnue were 1717,036 02; the Htate tax f.w 1HA.'1~'M amounted to $27?),lr>0( paid In; the ord* nary txpenaea am .nntod to f'i2H,K42 49; extrtordl naty, ?o f62,133 .10. fy?atring oat the Jtatetax and tbe extraordinary ex;>enaea fjr t.e year, neither of wllch will ordinarily appear in tbe arcountf, and the a trial de licit in'lhe rtrrniii fur the year am. ante to 1411,117 47, Arcotding V, the eetimatee for 1M, thv wijl be a luutry dell It in tbe ordiaarr revenue of tte Htate, competed wl*b t .e expenditure*; for all the revenue of IMS, in liming the balan e of >.t4,2l.'> ??paid Bteta tax , and rwh on band, l? eatlmattd only at $777 6.'?4 40, while the expenditure* >n Ml down at |H!M>,'.)00; thtia leaving a delicti of I11.M4 ? 40. The unfunded debt of the Htate no? amooata t? 1364,037, of which II 10 410 hat bwn birrowrd In antli iMt'on of the Hkle r.f *rrlp authored by tbe 'aai legislature for ti e etil<4*ge??nt of the H'ate II uae, New l.unati : II npitiU a d HUte 1'iUoa - ieavin< $234,427. Tmb ai.m, with the deficit aot r! pated In 1h66 of II IH, :!!-'> 40, a Blunting to $r>J,M7i 40, ta to be p ork'rd f n ibfi year; and tbe Audlto ?'e? uo ctber way l/Q* bj in'tni of another Hut* tax. Tie rr tire p'oper'yof the H;. aie at thr cl*e of 1K<4 teaetdownat $11, 40!, 70* of whi<*h I J IV> 190 83 la ieal ea?a?e and unprodu vJee pr iperty. Iv addlMoD lo U.ia, the State o*n? ar? >ut 100 a .:?? of Bu k Ue) lan la, worm <10 rmti a f t. A:1 th* debt* and liabiMi' <i of tv.? H'.at< axiunt t? 17 102 617 M Tre K-a'-e Tr?*?orrrof M riaalppl nnk-? tb? fo. lew If g rcpOtt of t,e rrcelp'* ami dial/ ir?> mailt* o hi* offi'-e dumig tne year 'i?d n g Ian. I, I H : I'n lli? l?t r)?? of Jaauary, I'M. a* appear* from m? r?|? rt '"i 'b* Initiator* b?ra aa* la il<? ' ttmrj * eoli balan-a tirioaal nf la l'4(>4.f.!/4 if. lb* crn.mlUr* iu aerount* -1 a ?'V't e-rar in ni icMga'l, In my fa<or, winch re?lu "4 tbl? .at to *701 423 V That <? amtta* alaa t?e ?l<g ? *r'>r? n Ctaaral CTarfc'* *r t? uta a**!r.*t bim oa* for 6?a <t? lar?, tk? iiik'f for ih'iij ? ?at?- ?t.icb ?*?>iiat Clark troaptly j-a.U >?'<? u.e traaaary -Mb of Mar-k, 1*.' 4 ) Tba r?? ? >'?, tb?e. wll *laa tbu? ? Ca.l. la b?n.|?.fan 1 l*M 1.1)4 4 '' pm A in < ? ' Ur?, Ma>?)> a. I* ?> At'.i r*'? |>t? I" tfca ;??f ........ 41 il Vaklac lfc? ?n? u' teaO MW t r< ni U >? ?aioun? '!?<!?' t J a* I af ttwywMTlIM m At *? ka*a lb" ?*Kiaat ?. n b?o V ? a ll.? let Jtaaary I' i ? '. i'< thi tm'j Iftt e' 'or tha J??r 1 ? f I ?' si# A 4ltor ? M fy rla'! w> ta.? r.B.e# >? ?H .a: (If Ih ? lacoat U ?ra rrauitfl ?< ii'n rf ?n<! nt|lM at th? b?fl*a %t lhi> rr, ? u'.b. I < 4".' Tka l??t ' ( >lat no aaitw r>(*>> tk* m?i? Tr>a*urae ta lira" frwn 'b? '?*? ral ti**tury, fnr tk? '/??? r * .?f t K? t a<! aa-i tb* '??f aa<i tfuir , Ik* ilitra U> ? h'alt ?*? ?Wt ' *4 t.>, of ?b? ***??! ?r ? ?c fra? tr^ a>* of ' fr** ? of 1M1, t? 4i?lrik?<ta tb? fftxli ?f ta ? a ?a of tb? lai.<1< ** ''a tie 1 <tb if A|>r.l ?rot? to tt.a Tr???* r?t tf ' B't?-t "tat**, ??ai i? ????? if" ?b>! f?aan!*4 t<, bm a oof T ?/' tl>* a?t a at.r I ?? ?ia! in l!a ?? ? ??,?#?* tba' ibmiik '? (I ? rra-' t ?f "? ?? ?a-?t tb? l> ** r Va'.-n a t 114 IN 14 Ptita in*. t>\ I tat S>< Yiitt t i >n iifiapa?t,' with t'<? I a;U1 Tr?a?nrer. ??? ??at ?? ?.? ' ?? t'alt?i Wiim ??.?#? f. <?' ? ia ?? Yott I ?>.M Uuih tr>Mii; ra*'? to W.rt A ??r.? I#', fw (?, M| >f,u. I'M >1 A? ?'???? ?> I ? "I ?ka ft-m Mr ? ??? -a". ?( la 1)4 0?, I .ktt ao-l ff mb lv A'i l/>r t?a :? ? r' ??rraa'a I* 114 >1 ?? b? ? intf iltU'lHI tod 4 a Bull uylgn tkaatb** tf ta* fci B'* aH'taf ? aa4 |a?i tfc* ?b?ia >'w?ai ? U,? tr?a?iry tff tb* ?irour.1 P?|l l??o ' as tba ?tat? Til it# K.auf %''d V ?a? lo* tba ta"? <11 of 1 kai I'fna ll*B">-k 'a t Tk? balar a RMl T?>?* fat MM, ?!? t'JM.IM <?. I f tba ?!?' IB' fi ?) ( it o? 'a'araal raa4 I?j*r<?a?Bi I.H.M v*r* | ail Wralhaala,M foi, t T-. aa4 </? o Ma r ?%.: Hui To Naa firlaaB* a ad <? T'^.lrnaA ?)'<! 'AO To (a?UaJ Kt ltua4 ?**.<*? Ta f*ar*ry a' ) k*ta*4 > a road 14 Tatal, 1731 <4? Tb? utcil report of tbe VroMt mm] Maaar'ia wtto lc?i'rf*4 baa ?(?en Bad*. Tba eapitel ?v. * v aetata of 29,000 ibaraa at (-ar tkV a?nnUa< to ft aoo 000, but m pwrt of the ateck waa t? iii al leaa Uaa par. tba -'?paey hat* rwatta?d tat 12,311 ?40 >>7. Tba eewu?^*?e aroowat fae um to n*nj?+ M ; OMiarii IM 4M o< ? ? total toe ?<B, IJ.NM7* )i niHMHUH eqiipnaata, balldlaga. *?., la aat down at |4,41J JUM It, ?al the total del* and capital Mock at $1 ?T?. OtiO 58, leaving aa exceaa of ei??aaao over Ua oap ltal ato< k aad dcbU of the corporation. of $1W,T? 61 , which baa been paid oat of the aarDl.0 * read. The road boo earned daring the ^ tm. 814 01; which U $24,#6tt 02 more thaa tl earaad ta 1M3; and the directoro are (ouft'ent the biudaaoo en tbe toad wlil continue ta incroaaa, evea the He oeac Tun- el nev*r be completed. The prdli of the road for tbe >ear have been aufflcleotte pay ?tore M>a* 3 per cent oo the eitira capital ateok, t eb , b i d? ai d ail, and nearly per oeat aa tha capital atcck. After paying t> per cent on tbe dakto, b< iid?, Ac., tlitrn waa anfllcient nmaiaiog to pay I per c<ut on tbe ca( ltal atcck, bad it cot kw?a I er tbo floating d?b', to the redaction of which it mtp plitd. 1 be ulmtcra a| n*? the ronT*ctt<ia that, dbifrtetb'e *? H may be, rut*-* for carryiog freight aid pa ?? t?tra mu-t be laiaad. Tha bioda ef the con pan/ wbfeb hare become due har<?al1 Wa paid; and t'<e bond* which will be um? doe Jul/ let, 1*M. tj<' tiitct'/fa lioj* to bo ab e to awt at inatiufty The annua' meeting of the company la ta be hold at tb<* i>a>?x uger atation of tha Kitobburg UtllraaJ In lk?tia, (id WidttaiU/, February lt'.h, ai 19 o'rfock, A.M. Tne annrxid atateaient eth'btU the coaUUeia tie War.lrg cepartmocui in took baa k of N?? Icna, acc< rdmg to rep >rU mid; far the main a' J-; na j , lB.i5 Nl* OaiJUNH i.i .v or II lafc. ' llutiia . ('?nil .... I.oai.iai.a . . WM.uill I otllalai ? HI 1,'ivi.JlO Wi-c I. A I rail a I> i ? l?Utu t.w. Ul y, uthara 15 a.i a' t'alim NM.ttiS Rmil. CAUM I.UIIIUTIW eulmtifn Ift/HHUt n. p, in MM, 7* I.N.V'1 2.1* I. rif HA.,' 7* I- t J>?- .'1.1* I llhrr *4, .7# ?;i? ??>* 71W.KJ4 US.HW 17 A? U, I ?l 2,2*4 fit P*t ?i.tuluo tl.A? ?.4.ct.ta? i . l.tM'J I.1I7.0W T'. ? al M.TW UN ,S;i ft if ?11,004 fltlicna' tl < *u*i Hx.tia 1 <>ui?i?i>a I M 211 ?? ftata l.l'-.!|iS Mar Air 4MV.7M f? I'rU.iu SXVVl Knth?m 111",. IS I kiua UIJUl I II. ?l CAHII Loam K A.ihw '.I'll a> v sin .1 77\i t'J I 171, ?a.7P rttvir it ?w, Ul 777" < ? 7* 1,11 ' .VJ ?3R 211. "07 in, 77i j.ta? (iO.ikm IHbrr T H 4 Hi ui ir T. l -><*1 ? 7k. tee *.)<H.?a ?jn . iwn I IB t*i ??? ?M) I U) l.??. *t 7?),W? Total |I(I,<;IM .14 M gt.l74.MI gtl.lCa.iM At ena>|>*re<i villi tli? I iwa?il>?r (UUirn* tliia fi?raa 642, TM till- folla*ii<K r*ault IfurrttMi ClrrulatiuB ie'l.tlH Crpftiili ? Other c*?li liaWlitUa IHU I7T Total raah Uablliti<<? ? SOI.W# Hm-i-i, .101, Ml ? I oaaa - T?I,M? i >i'li?n<?, kr i0?,(iO<l ? IKhirraiD wtrti.,,., 11, Ml Total caali auati ? ftf,ta? Nloch Kii<liati||r. Ti vn>r, r?b ?. I KM KWlOO inil Ht Va.. hit H2H 10na<<?('ua UlCa.^M Ut( VltK <*. Vuginta 0'a.a3 IM e<HJO t!ia?t'iurt f.'a W4 im 0 Ktte v?t Mir ? 1 1<>" aiKKI t >t, i.a.l 7H ii (Kl i !o a'J 7*i, 'i'KHj |.-ri? f?t, l i c *1 U. I00 Krla'7'< a'l H4 & 00 du a ) K|i, IHjOO do t>*V0 Hi riu.0 da... 7<ho do... llmo do . !RK4 I'an '.'<1 !a? '.tx o N J On Hit Ha Ul ;roo hi c -ii Kit.. a.i tvh loo <i? aa uu 100 'ill.... k?0 Mk loo ta bit Mlg i'*> la .. at? aa loo a* ... boo mu ?0'l io al M)i i'i N V Ua kit u aa l'X) do ...a aa M 'ta a2 aa ??\, vio ,1.1 .ii? aa "" " 10b ,1a aotg 1 00 d<i ... ?ao oi 4M) Krla lUilroa 1 . ?V WA? SI ^ br? H|I4 beo J?>o two 1 ' '0 KH> <lo 7Vi? 700 t<00 Co aj T2,H .140 UW S Y On III . . ??,'? 100 t.:oO N V 0?a T'a 93 I 0 ?0# do ba W 300 1040 do V* 2'jO HK!0 do anil Ha HI loo 74 aba Vk NYoifc 117 !?? 6 I al g Hu4 CalQa II"', loo 10 Bk "t I'lilninarra l<l?\ 2,0 20 IU N AniTtra .. Wft 10 do *, lo J in Hetropoiiua Bk. lui itci to Kaaaaa lib 101 10 ?4?? W-eliai'lr. lUnk. Ill M MO ' anion t o ... all V. k ?lo 100 do \>M XI V, 1(4> rt?. bl %?% bio dn I>00 Xl*a t.O Oo boO XIV 160 do r | it' i Nk i ran Co l> >'? IT'. HiO ('ii... b"i m, 1(0 i'o .b3 17 '? fiO(.<ld 11,11 Mlux !, 0 ? ,,n>b < oal i'<i a.t a |(ii ,|.. 1,10 . r . It 0 d ?... b.0 Ms 14 do a.i .16', ? OOIP ft 000 Vlryla a a'a a.1 ?*>, . i oo I oui'iana a'a. t'.H lii* 0 III < * n Kit bao 7.1 't M>? i!o 73 10000 da MO 74 l< 00 Ktb llda, 71 aa *4 S i?h . o iio .... mo ?r, I,000 itn aa MH 1014)0 do Ml) ?no iio .. . ?,i*. aiji '<<? gcta C?,'7I bit *? lUObwIMa *.t Ul 1M<0 I an. ?l laa O'O 100 II,00 N V <*n 1 a ?7H I'd I,. I. alb < Mr Kit *0 26 d" .. b.fl Ml 10 Naaaan I'anV 10 Ohio Ijlr a Tt <'o 2*4) Mr T raoait I 'lo. . . I'D do ., I 'J* I do. M> ilo... i.' i da. . . MO llarlr-m IIH MO do . . . I' llea>lia( Hi 100 do . 100 do... b? do 2 . Ma. . ii l.K do 4T do k?0 ? 4o bOa 47 K do al ITti da. . bl 47 W da at 47 do 47 1< da 'i 41 do . biO 47 U 'In . btO 47 K btO 41 V? a HI 41 aoa 47 H ?aa 4t .baw 47 b.V< 47 |f aJ'l 47 H aJ U% boo M ? M 7 4 tg 14 1? UK in 1 6 Micb Can ItK a l 10 to da .al 4?h ',0 I'aaama KH a . H I ' li-f I.' I Hu HK 101 ^><2 T k 1?l HK AT 40 t.lilra L Ha I KK 41 ^ aOAUD v. ahaOol.1 11,11 Mia (0 I'anna Coal to... JO S hirk I mm Kit li<) do al im do a 210 .lo a I 2'<o i ,i in <'oal Co bM 20 0 loo VlHI ?to , 'to. do . do , 101 00 I'M ....bao 14 KM 17 la 1 1*) 100 00. 200 ,la. 200 do lu Krla KK ."'?'I .lo 100 da 100 loo '.'I to do do aV) bll bl') bl . . al bio . . . ?a aVO bfM I'M, Ir40 .'0 Kavlinf Kit ... ?*> da blO I 'A do. al **) <|? . b*> JO CWra k Tol Ml W "* la>l Omatriw II VI lg n S3 S3 34 ^3 4a 47 ?< 47 V ?'H 4*t? II 71 74* T??f ?1H 11% Ill* TKAIJK IlkfOIIT. T mnn, Pat, *-4 f M Ann 1li? io?r?' "i J6 l< VMIU " -?-in *-i ei n aa. l'i?ai?Tf i r? -n??.ir Tha ukriirt >? nnt ulm but r> n Oiun ? U'l n'al>? aari* liwi, rk? tian*a#t.< ?? .1 a'?>fit 1 AM l,M? , lb'l<i4.a? f$m ti i n to atraigM hwta, 4* IU a I* M 'nn.U ? kit faa<? <* ?t |S Ik a 1*4 M rkitfa-1 ?> I ft3 ? I '' "iff fir "?M? to V*,' mUri, ta t |i ltt li < >Jo f> f nlil ? 1 In OtinM 11m Ml k III *1 ?/,!?! ?> |> k7 k |t? ii f <it ratnmtm to ("??! aa4 IV 21 a .0 li I' r laaij aa<l ?itr? T"l?a laat aftl* <d I'kiI! ?*? n.?'> ?t II !? f aaa<t aa m fUtl; II I 'uiail a tit* aWna ? ?!?? ?.ra I trn t. I VA t.U* ( ?** k? kt |4 7fe .ft Ik.m' a I, I | J ,<) ? |? )T 4 ,tj |r?.' to'aat A ?? < f 00 luafcala a* ?!,ll? tl tbara * aa ? ? i ? ii ? ? : | ? t ? ? aa* pt? < ? ia y (?j'fW, In?l d?l Vi '??! t/1 4?i ??/< k-aaaaU. t?il ? I ?U'h ?n ii I* l'? a-ul^h a at u4 tha t*t aft >r ?uel !?() |">l .,uth?r? ?h* ?? ' at |0oal0l< M<l iflartalib >a? hail al IIQf lt;?, Otla, 4<- ii. I.U|C (?mo ? TI* ??!?< p|?! aV it ? "ft I Ra. ? I. b ?-r? a ? '? at ??, a I If 19") l.a?. |??itnHl lava at IV /O0at*'i4<a a' U;,- 4o l?af? l/V<a;it ai h',' a?4 I< ? I - wiki" I n ?irwl a> +? Alt' l-'f fti<?a?r?*?M Of aa '.lian a' ? a 10*,*, a *af ftp*, ti tic Mr - -ln.ii m> >ii>r fk'?* *l?a naiVa' ?a* ra' r* arttaa U>a >am ??>i.ia'ai) a ?rat 1 'XA !a k <tt lain iirlullaf tunl 4,U#i ,a tranai.u I ?? rr? -Kai? a?ra ilvi, ?*>?( Va a t nrf ? ? | t? ??kit tba fa ?tp* -f l?'?f Intrtgn ???? 1> liiniaiit-iita a t*4 liai vara fcatacl AU < ,W> Mil k air* la?aa al > ?l >m( m *4 la M ill ?!,' M kt &a K pat lkl? ti I /'k Uk I "'I kbla im a amtal** at ;? tl. T<. Ant a>t| '.<?? ???.!? lai ? ?>r? aafa?*-l a' is M I ,<Wi fefcte. ?<<?!*? a M To llintitrr IVllafi ?klt??*.r* ??ra 111** *1 J7i <4 ???! l<*i t aa Ift/ vo*4 ?' r? ft! fa >>?'* a*)* a! ?f k i kwM a aWnil'* I ft I'f.t ? i?i wrfaalTI' a ?*- f*f kM aaM* at I* a II fiittik at '? ,a ?,a a*><! "-aa al Ta la il^ft. i* nit* ?m aa'k*i|4i It Hi**** ? iMMk ? I r '? t'lfl^a' 6* ??' * ? ruff ' a" V Jffl Vkl* ?>! at >?1? t?i a ft 4 I Mi WW* lar?4 al >4 ? ?aaa*4 ? a* ffcart?t*? ta Ima4 * tk'iit'ia al NaaaMab !???? |M.I ?a |t ?kt? '?f?.? aa'. k feiif *?* liafUra^ ta \u*A a !-??,?? ? la aal 1 U TNll f/t f?Hn>*kurf at at??*l I l"1- HaMika! aaii|ai' aa Ha* aa ?ara nal a( at "Wa k ?> far l*i IV* | mm ? Ik* ?.*i I a-* aaa at ?a<!f at a Si* ???*?, '?* p**uh pc M< .-??? *>? f/ 'ia? "<aa '/''aaaa f*?l ?if* M4> a' ItS' a 2*' K*v*l **-<??? lk? ??iaa ?? ^v<* rtw imt ta at I par >? tki" f, rila ??(? <|?W1 at *l?-, ? a-! '*n?i a f-ata at II *? (?' >10 h?* llalg i it ? Tla aiiiii aa* i'?*4/ ?Hl ?*'*?*' 4?'# tf MCi I ? <4 p"*i a' 112 ??e k?l '1 m* I *?? at 114 Jt, i?^ M* f ' a* *t II Waa* ? aa II* vitli aa>?* ? .<P> I* M- * ?**?1'/ tl *H ? 1 #? ("k >af<> ?*p* *??? **?*? ?*' at lli a III, *?!? tt * ktU t-a< kin at II" * If pr>m? m+m M ? ?? Ulc a' |r a<. Oaa aM aa* MM at 111 a 933 III I I ? van aai* at p a - ? a? ?*??? ??*? I* Mr tuaial at itaa'V tikal ?teat 3H H' * **iW ll*tlVI*fi *411 I/ Mal "|I al%' ab-"?t W> kk4* Naaaa 4a 4* (A ' V? ' a ? S ' '* ** luifa* i**'.* a*44 alpi I.; ? 4 m at la*, a ? ,? a*4 ?rt** at I ,? | ar4 **a *111 tain t( (l* to W Mi ft m- ta kVJ* at afc^t In , a*4 I Hi 4a *4 *M 1 iala>al V 4 rKatl ,? ?a*? ?*?* ^alat al l?H? Ki 1 -a aa '/< H<I i*i|i van aa4a tor * * port a' it ft 4 ,* ?in* ? *?*? <4 I ta*4a f*%*ftf at'tMp ?*i?aata al *i<ii?- TV* *?!** ijlitial ftWat I mi kMa **?? 0??aaa* al 1 s* ? I* . vHk aw* t*4a ?f prtaa I* tft* ' fVto a* ft'4% aft I* , ft*4 MO kkftft Caha mam *raf^ ?*M al 1* laa* | an *??*, faar aaatla **4 W4* H ?if 4* <Jftk* at 4K? , I***. * pft* iM tor ?Mfc Itiui* a ft* 4?ti a* 111. par || V iwrn ? ' tW aalaa ??ra to * a? !?'??? ftrt? I, Ml jrt?Mtm. *4 IM* T.fftftta at T ?*? ft *H' ni%^ m Hftiaaft ftt !?* ? r aftaaa *ft?4 ImI ft! In*. ? IV |? 4a fWhlft *? 14* ? Ida IMW ? 1W aalaft a^Orft? 4 IM Mil 0%M ?IM* I ?M?. ,*ft4 |M ?t* mm ?f 41 ??>??

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