r DTTJ" -J- JJJJo ALU VOL. VL-No. 13. PHILADELPHIA, TUESDAY, JULY 17, 18GG. DOUBLE SHEET-THREE CENT S. TIIE POLITICAL FUTURE. Years) smd PutinwM mt the Radical leaders Tbe lTalon Parly nl tbe rBtlaiphl Coavtation Letter from Jtm II. j. Kaymond. Washington. Monday, July 16. Political panics are quite as miHchtevoiis In their way as panics In an arm v. Turtles are demornlled, and sometimes routed, by the apprehension of dangers that prove to have bccu wholly laitmi nar. Sometime, too, these fears create the dangers they dicad, and thus tultii tbe.r own ruedictions. The Union piirty la Cougress is ust tow experiencing a paulc of more than usual seventy, and its action und.T the circum stances does more credit to its zeal than to its diecret.on. You may have noticed the passage in the IToiife, a lew days since, of a resolution otrered by General Paine, 01 Wisconsin, caliinz on the States to organize, discipline, ami equip their militia, and directing thai two-thirds of the arms, ordnance, and au munition no under custody ol the General Government be duTibutd among the states the distribution among the loyal Watts to lane place immediately, and lhatamong the States li.ttly in rebellion 'to be postponed until further orders. The resolution came uo from the Committee on Mlli aiy Allaire, and was pushed to a vote, without debate or delay, under tbe previous question. It attracted as little att-ntion in Congress as it has in the couu ry; and th public will doubtless receive with incredulity tbe assurance that it was intended, bv thoe who secured its passage, as the tirst steo towards preparation lor auothr civil war. Although no debate was bad upon ii, members were urged to ota tor it by dlrec conversational appeals oa the flo r on the part of trie lew who were privy to its introduction. Some were tol l taut it was necessary to enable tbe Southern loyalists to protect themselves: others that it was simply a matter ol detail in tbe War Department; others that the arms must be taken out of the hands of the President: an 1 others that it nu proposed at tbe instance of the Secretary of War. An appeal was made by Mr. Kasson, of Iowa, to a low debate upon it, as it seemed to be a matter ot importance -butthis was refused. Most of the leading and reflecting radicals iu CongrcsB take this vie w of the political future. If the tall elections result in tue caoiceof North em Democrats enough to constitute, when added to the members from the Southern States, a majority of the House, they assume tuat this mainrity, thus constituted, will claim to be the Congrei-s, and will act accordingly; and that they will be recognized by the President as tbe body to which he will fend his message, and bnse se seions bewill.it tbe necessity should aribe, protect by military forre. They assert, on the other hand, that the Union members from tte loyal States if they constitute a majority from those Mates will claim to be the only legal Coneress, and will, it necessary, invoke an insurrection of the people to maintain them in that position. They do not in the least conceal tbeir purpose, in tbe event of finch a collision, to appeal to force, and to "drive the rival Congress, with the President and his Cabinet and supporter, into the Poto mac," to use the language of one of the ablest and most sincere of tbeir number. If you will recall the remarks of Mr. Boutwell, ot Massa chusetts, In last week's Brst caucus, you will see this movement clearly foreshadowed indeed avowed. , lie declared bis belief that an issue ot jorce was rapidly approaching, and that we must be prepared to meet it. He acts, and all who co-opera te with him lu these measures profess to act, under the apprehension tuat the Presi dent intend to resort to force ; that be means to aisperse the present Congress on Its reassembling in December, if it re! uses to admit the Southern members ; and Mr. Farnsworth ascribed to Seward the declaration, that this Congress should never re-asemble unless the Southern members were admitted, In support of this belief. I need scarcely say that Mr. Seward never made any remarkol the kind, nor that th pioject ascribed to tbe President is purely an invention, or at best the cra.y dream of a political nitrhtmaro. But in eitner case it serves tbe same purp se. It covers, and is held to justify , the determina tion to arouse the North, and prepare for a Tecort to force upon the assembling of the Fortieth Congress in extra or regular session; and this determination is avowed. And the resolution to which I have relerred, for an or ganization ot the militia and a distribution of arms in the Northern States, is the initial step to its execution. I do not propose to comment upon the result of such a movement. It is obvious that if any such contingency should aiise, the war would not be seoUona', as wa8 tbe last; it would be a war of political parties and of neighborhoods. Not only have the great body ol the Union party in Coneress no sympathy with these vie ws and purposes, but they are iu the main ignorant and mcreauious 01 ineir existence. That the ex treme radicals entertain them, however, there is not tbe slightest doubt, and we know, trom the expeiiei ce of secession in 1861, how few men it sometimes requires to plunge a great party or a great nation into war. The PMladeltbia Convention is another source of panic to tbe Union party. Bv the radicals of whom I have spoken, it is reearded as intended to pave tbe way for bringing Northern Demo crats and Southern Rebels Into close concert ot action under tbe protection of tbe President, at the openinemf the next Congress.tor the purpose relerred to above. And by nearly the whole Union party, as represented here, it is believed that its object is to break up the Union organi zation and lorm a new pat ty, which shall em braceNorthern Democrats, Southern Rebels.and such portions of the Union party as may be de taohed from the old organization, it seems to be overlooked that the Convention Is called simply for consultation; that it is not proposed to mike nominations for any office, to organize any new parly, or to tnttriere in anv way with existing political parties. Any one or all ot these things may be done by the Convention but none of Jbem are embraced or proocsed in the call for it. Those who may do them in Convention, or support them when done, will of course be responsible tor iheir action. If tbe Convention should take Btei s hostile to ihe Union party, no one could longt r adhere to both. If it should make hostile i ominations, or adopt a hostile, platform, no ore could support both. But until something of tlat sort Is act ually done It is not easy to see why any man of any par y may not go into const ltation with his fellow-citizens from every paity and every section, without lor teiting bis Dany relations. The idea that mem bers ot Congiess have any rteht, in faueus or elsewhere, to issue decrees ol expulsion or ex cluplcn in sueh a rase, is s mply absurd. At the came time it is evident that the Phila delphia Convtntton is iegarded with great dls favor by all sections of tbe Union party. That party Is not disposed to forget that it was the oi ly political organization uptn which the Gov ernment relttd during the war, aad that it saved the integrity of the nation tgaiust the armed ellorts ot the Rebels in the South and the politi cal host hty of Democrats in tie North. It feels, tberelore, that it Is now entitled to control the Government as aeainst both tliese part es. and it Is not disposed to co-operate with either of inem, or to accept ineir co-operation in any political action whatever. They objected to the trst call lor the Philadelph a Convention, that it would adru t all Southern Rebels who would not accept the Union they bad tried to dostroy, while it excluded many of the men who had saved it. They oblect to the second call, that while H excludes all Union men who insist on guarantees and conditions of re-tora-tion, it expressly hands over one-halt tbe Con vention to those who opposed the Union party in tbe election of 1864 giving them, in fact, thn Preponderance, inasmuch as in eleven States he Union party bad at that time no existence, fliirl ran HAW 4)iAotTrwA a And they are still further repelled by the eazcr aiacntv wua wnicn tne recent Rebels of the 8onth and the Intense Connerhenrisni the north. like Fernando Wood ana Yallandiftbaai, accept the invitation and prepare to take pari in l's ijiuvvnuiiino. j. ue repugnance wnicn tney feel to a political iwsoctition with is so uttcily unpatriotic and so obnoxious to Pudiic reproDauon, ts by no means unnatural oruniust, and contributes largely t preiudino the public mind against the Convention and all connected with it. It gives color to and con firms the charge that Us objict is to reinstate in otlice and in power men who have been justly expelled by the people for their crimes aguinst the countrv, aud to exclude tnose to whom the country is indebted for its salvation. The Union party must not foraet, however, that the PLiladelphi Convention is due entirely to its own lailure to comprehend and moot the necessities of the hour. Wnen Ihe war was over and the Rebellion sjppressed, a powerful public sentiment, pervaiing all parties, demanded tho prompt restoration ol national action under the Constitution and in accordance witn the funda mental principles of the Government. If the Union party had responded to that sentiment, which was very powerful In its own rank if it had co-operated with the President, who did comprehend and sympathize with It and had made the restoration of union, peace, and con cord tlte ttrst oblect of Its endeavors, it would have broadened ire own foundations aad left neither motive nor excuse for any such move ment as that which is now on loot. If Congress bad, two months ago, admitted to their sents loyal members from Southern States, who could take the oaih prescribed by law in other word-, it they had admitted the memo-is from Tennessee and Arkansas, the onl States which have sent such meu. the Puila lelph a Convention would never have been heard of. Unfortunately Ihe Union party, oinfrarv to the judgment of very many ot its o wn mom burs, sur rendered itself to the guidance of men wiu whom other things were more Important than the peace and harmony of the countrv. Tt. tni. lowed the lead of men who insisted unon "reconstructing" the Government trom im foun dations, instead ot restoring the Union which the Rebellion had lor the time destroyed, aad repairing the breaches which tbe war had maife. It listened to tales of the provinces it had con queied, the new rights it had acquired, the absolute, unchecked power it now enjoved; and while it as indulging is dreams ot subjugation, Of confiscation, of universal sutlVaee, and the elevation of the neirro race, the enemy quietly stepped in and took possesion ol the stronghold oi the Union and Constitution, where all its vic tories had been won, but which for the moment it seems to have deserted. These delaults ol its own have given the Philadelphia Convention a degree of strength which it is mt wise lor the leaders of the Uuiou paity to ignore or underrate. By ludicious counsels at the outset they tnigb. have pre vented it. At a laterstage they miuht have con trolled it; it is not yet too late tosav j themselves Irom being ruined bv It. But they will make a tatal mistake if they content themsolves with ignoring or denouncing it. If it should haopon to be under the guidance of wise and patriot ic couniels if the Southern delegates who may ptnicipate In its deliberations should pro tier, in their words and their action, unmistakable evidence ot thetincerity with which thev accept the adverse result ot the war they waged, and ol their readiness to adapt their laws their habits and their whole political action to the necessities which that result ha created it the N orthern Democrat s, w h o h h are i s action, sho uld cm loose trom the men and the measures which made them so justly obnoxious to pub lic censure during the war, 'aud should pled.ro themselves to the honor of the nation aud to a liberal policy worthy alike of its history and its dtbtiuy if the platform ot principles which the Convention raav adopt, and tho action it may recommpnd, snail prove thus re sponsive to the enlarged and lottv aspirations ot the national heart, it may be found that no party organization, however compact it may seem to be, anil however i-tro::gly fortified by tho memory of past services, can withstand ita influence upon tho Fenti ments and the action of the great body of the Americau people. It is a mistike to deem a party organization solid and unassailable meiely because it looks so. A political party, like the ice of a frozen lake, melts away trom beneath, and while at evening its surface may seem to be pertectly solid and untouched by mt or seam, the bree.e ot a single night may perfect the work which weeks oi ulent, unseen decay lave been preparintr. Doubts as to the continued necessity or usefulness ot a party never begin with its leaders or active workers, but always with the silent masses who merely watch (.nd think, while others act, and who-e ac tion, in a season of commotion, can never be pre diced two weeks ahead. Nor must it be for gotten that the position ot the Union party to day is one w hicn it has never held before. The issues to which it will stand committed are new to its organization and to the public mind. The ocople have never yet been called to vote upon them, and while they may seem to their zealous advocates and authors to be verv strong, others may prove to be still stronger than they. Tbe Italian army sutlered a sad reverse the other day because, trusting in the goodness ol its cause, it marcnea Dotuiy upon fortresses whose strenptn it depised. The Union party will consult its own safety and the good of the country, by not throwing itself against the Philadelphia Convention until it knows a little more of the nature and strength ot its arraa nent. Hesby J. Ratuond. The Cabinet Crisis. TERRIBLE BTATK OF AFFAIRS REPORTED RESIG NATION OF SECRETARY SEWARD, ETC. From tteX Y. Herald of to-day. The Cabinet crisis eeeuis to promise a longer continuance than the much longer talked-of war in Kuropc. Cabinet Ministers run about the streets denouncing the head of the Govern ment, flaunting thtir pretended letters of resig nation about with the u nion publicity, print cuds in the newopapers condemnatory ot the Jiolicy with which they persist in remaining den-iOed, conspire in secret caucuses witn the enemies ol ti e administration, and still re am tbeir portfolios, feuch a remarkable state of political aflairs was neer before known in tnts or any other country. The wonder occurs wh y the President will permit euch an alariniur con dition ot atiairs to continue, when he has it iu his power to terminate the anomaly by a peremp tory dismissal ot the unworthy Miuister-i. It is now a well established tact that members ol the Cahlnet whoce retlenvlons have been daily announced as forthcoming are in the closest leacue with the extreme radicals, enter ing into and participating nightly in secret con ches, the ultimate object ot which is the sub version ol the lorm of government under which the country has prospered lor ninety years. There is a oeeper conspiracy on foot thau the nation dreams cf, and Andiew Johnson will be wise il by ptomptly expelling all suspected plot ters liom the Cabinet he eball be prepared to fhow to the world that he has no part or lot in the lnlau.ous business. It turns out that, contrary to all the reports, Mi. Speed did rot see tit to band in his letter of resignation until yesterday. On Saturday last his letter was seen and read by several gen tlemen in different parts of tho town, and also on Sunday. On Monday morninr the Unronlcle contained a lengthy communication trom him, addressed to Senator Dooliftle, denouncing the call for the Philadelphia Convention, boasting of his disagreement with the President on the policy tf the Government, and lauding the re constructlgn scheme of the Council of Fifteen. This was written and printed while he still retained his seat in the Cabinet. Is it any wonder that he should have filed his letter of resignation during the day ? Possibly be was reo nested to do so. Hnrlpn and Stanton still remain members of the Catlnet, notwithstanding that tbe former, at least, has already openly declared bis inten tion of withdrswlne, and notwithstanding that both are In fecret concert with the enemies of the President. How long they will be permitted to remain can only be conjectured, and conjec tures based upon the statements of those sup posed to be well Informed, and in condi tion to be well informed, have proved to he very uncertain. It Is, however, now a well ascertained fact that the reluctance ot Cabinet Ministers hostile to the policy of the Govern ment to resign tliclr seats is due to the pressure ol outside iriends. Members of Congress and other politicians of notoriety are Imploring the Ins to stay in. It is rumored to-night that Mr. Seward is pre paring a Wter of resignation. It is possible tt.nt such a letter will be sent to the President as an Inducement to more obnoxious Ministers to do likewise, but in no event will it bo accepted. There is no change In t he speculations us to the successors of those who mav resiirn. Mr. Speed's successor will probably be named in the morning. EUROPEAN NEWS. The New Atlantic Cable. We publish to-day some further extracts from foreign files, which have reached its by the America and Marathon. The following gentlemen, directors and others, are on board tbe Great Karlern:Mt. K. A. Glass, manacine director ol the Telegraph Construction, and Maintenance Company; Messrs. S. Guiney, M. P., Daniel Gooch, M. P. (Chairman of the Great Ship Company), G. Elliott, 11. T. Uarclay, and John Smith (Smith, Fleming & Co.), direc tors; and Mr.j Shnter, secretary; Mr. CsrusYV. Field, Anglo-American Company; Mr. Barber. Great Ship Company; and Captain Hamilton, d rector of the Atlantic Teleuraph Company. The officials are Mr. Willoughby Smith, electri cian, with Prolessors Thomson Varley, consult ing electricians Mr. Moriarify, R. N., assistmt navigator, and Mr. R. C. Dudie., who is to turn his pencil to account in immortalizing this expedition. Protessor Thomvou accompanies Mr. Willoughby Snrth across the Atlantic, as consulting eleclriclan, and Mr. Varley remains at Valencia with Mr. R. A. Glass. The Prussian Victories. OVATIONS TO KINO WILHELM AND COUNT BI3MARK Berlin Correspondence London Jjai'.y Xew$. It was well to return hither for ono day that I might witness the completion of as great a change as any which tfe war can bring. Count Bistuark was unpopular, and flotirishel amid torrents of abuse. Then came this Austrian quarrel, and, with the arousing of nuiional ieeiing, the Prime Minister ass im. d a better position among his countrymen. Then hostili ties commenced, and this morning, wnrn there was news ol Ptussian victories, a crowd assem bled be.ore Bismark's bouse to give him three cheers. Ihote who thought ihat the nennlo hero would rebel rather than fight against tho renowned battalions of Francis Joseph, kno-v very iime aoout rrussta. il anything more w ere needed to bring these people iuto thoroucn fighting trim, plenty ot hard knocks would be the surest course of treatment. Count Bismark was cheered, nnd flm wnr hoisted from public and private buildings. There was reading aloud of war telegrams hv snmo official who ejillied Irom the palace, wii,h shouts inatmiguT nave been heard ttiroe miles away. When his Maiestv onDcared at a window, and bowed to the crowd, Berlin gave vent to Its iov in sucn style as to banish mv opinion respect ing the national character for silpnee. Thou sands ol King Willmui's lieges apoeared upon the Unter der L.indpn. runninc backward and f rward to gather Lews, wedging a-jainst ou? anotner t.ti tney were nearly suttocated to road the Government despatcnes.' which were posted up at intervals of an hour or so. and shouting themselves hoarse when anvbody rained a cheer. r-verywuere could be seen black and white flags. It is not a lively combination, though dear to rruss.ans, this mixture ol black and white. There is a suggestion of balf-mouruing about it, and aa i rusaia means to become Germany, she should take some herald's advice with reeard to the possibility of udoptiog a strioe of red trom Hanover and a stripe ot blue from Holstein, in her future flag-making. Could not the Americans be persuaded to change colors with K-ng Wil liam ? Black and wbito would suit their politics admirably, whilst a collection of stars, to represent the German States, would be just what Prussia requires. As vet, however, it is half-mourning when Berlin would give token ot triumph a proper display, if human suffering be considered, lor such occasions all over Ihe world. We heard that so mauy Hinove riHns had laid down their arms, and that so many Prussians were deail or woun led. The enemy's loss was still grea'er. There must be work enough already for hospital nurses and surgeons not to speak of next week's probable casual ies and there Is need of oublic support to provide comfort in the hos pitals. On one hotel Iront is fastened a large board bearing the inscription of A'on7 Wildheim, Ycrein. Before another hotel waves the banner of the Knights of St. John. Charitable societies 8re not idle. They collect alms with much diligence, both at their headquarters and at outposts established lor a time under the linden trees. I notice that tew who pass these out pobts fail to approach tbe table and droo a coin into the box which stands upon it. The army is not merely popular, It is the people. Brother t'arl serves in Silesia; cousin Friederich is in Saxony: old men have taken their turn, aud boys will have to go soldiering when they reach years ot discretion. This will account tor the strong home sympathy with Prussian warriors whicu bas succeeded a strong dislike to war. If Carl and Fnedrlch mutt needs tight, then hurrah lor every advantage gained over the Croats. Austria may have shown deep policy in sendin" German troops to meet Ciaidinl, and non-Ger-muns to deal with Prussia, but certain it is that the presence of fierce barbarians, as they deem them, gives additional enercy to King William's regiments. "The Huns shall never come near Berlin" has of late been a common expression. Ills Maiestv is fuvored with some specimens ot aldermanic eloquence, whilst tho.e who cannot climb up lamp-posts struggle to reach trout places, or are content if they can bui, hold their own iu tho surging throng. We grsw fearfully warm; we seo the bald hpads cf a deputation aa they enter tbe palace, and we are delighted at the manner in which those Land vehr sentries tolerate small boys. A band of music is beard in our midst plaviner "God 1 nve the King" tne same tune as our English national anthem whdst thousands of voices sing the words with great effect. Now there is a loud shout of applause as his Malesty comes forward on to the btdcouy. 1 know not how many times he has been called for to-day, and how often he bas appeared, but this is not to be a moment arv pppeuranee, with a poltto Inclination of the bend; King William Intends to speak. Ho motions with his hand uniil silence is obtaiued, and then, alter thanking the people for their greeting, he proposes three cheers in honor of the brave army. My fuith in his Majesty's knowledge of kinacraft rises fitty per cent, as I wstch the unrestrained enthusiasm with which he lends a tremendous round of cheers, waving his helmet above his head as a signal for each hurrah. "He is a right German king; his heart is Prussian," and similar phrases, are mutterel by those around me. We may conclude that there will not be a rebellion to avoid fighting Austria, K 1H AUSTRIAN PRISOTfKBS PLACED IN A CAMP PORTIHUto DRESDEN. Berlin Vorrttpondence pf the London Timet, July 1. The number ot Austrian prisoners taken on the 26th, 27th, and 2Hth hs been ascertained to amount to nearly 12,000. A considerable por tion of them is to be formed into a camp, under the guns of the Fortress of Colberg, in Pomerania. Many ot tacm are Italians, de 1 hted to find themselves t afely located with ifceir allies. While penetrating further into the hostile Interior, the Prussians, being not unmlnd.-ui of th vicissitudes of war, prppare ier a sa e retreat. Not only the south, but also the west of Dresden is being fortified. Thousands of men have been tettowork at once. Both Dresden's oea'itl'nl bridges ore ready to be blown uo the shortest notice. At Grose beeren, close to Berlin, on the Held of the lamotis battle fought against Napo leon in 1813, earthworks are being thrown up, seemingly intended to protect a camp. The island 01 Wilhelmsburg, situa'ed on the est uary ot the Eibe, between Hamburg and Harburg, is also being provided with redoubts. The Wsli ia Italy. RETREAT OF GARIBALDI THE TYROL EXP EDITION ABANDONED. Solo (Jane 27) Correspondence Pail MM Gazette. Salo, June 27. Iu tho course of yesterJay. alter hearing various crntradictorv reports, I was at last informed upon good authority tnat Garibaldi iutended to move h s headquarters, and accordingly this morning at 3) o'clock tny were transterred Irom Sale, and by 'his time aie probably at I.onato. 1 need not point out to you the significance of this relreatiu" move ment at a tune when all were eagerly anticipat ing the order to advance, nor that a severe reverse has been experienced bv a portion at least of the Italian army, to make it necessary that such a discouraging step should be taken within three days of the opening of the cam paign. Trustworthy intelligence has been very hard to come at, but 1 fear that there can be no doubt about the truth of the statement that the Italian army has beeu beaten back acro-s the Mincio, and has now taken up the position of oonenuo ana mu iaanino, mucn the same line as ihey had in 185!). That thry made cons der able progtets on the first day's lighting, but that on the second the men showed the whi e leather and refused to pdvance, despite the despeiate courage of their officers, i what is cuirently believed here, uud from the great loss auirng tho officers it is almost certaia that cowardice must have been shown by the men. To say that the volunteers think tbey are going to retrieve the loss occasioned by the bad behavior ol the regulars wodld perhaps be go'ng too far; but they seem to have a perfect eonti- dence that none o? them, at all events, will turn their back upon the foe, and speak with delight of the opportunity that they wdl have of show ing their cotimr.ymcu in Ihe regular army how the despised volunteers can use the bayonut w hen their turn comes. I say "dpspised" volun ti er advisedly, for I tear it' has been only too evdent to those most nearly concerned that their selt-sacritlce and spirit have not onlv been appreciated, but even sneered at by tho so who should not have forgotten what force it was that conquered the kingdom of Naples. Not a day goes bv but I hear fresh instances ot the terrible hardships which theo tine fello vs have Buffered wholely and solely bv reason of the eupineness ot the Government. I will cite but one instance. Tho 5th Regiment were lor three days without anything to eat, with the exception of a bid of bread and cheesp, at Bo logna; yet, upon their artival at Brescia, faut with hunger, and scarcely able (o march, thy made no complaint, but snouted aa vtell a- their entcebled state would permit them, "Evviva Ganoalai P At last, I um happy to say, matters are cbansed, and the Government bas under taken to victual, or to pav for the food of all tne volunteer regiments: but this hns not been done unril necessity ha-i obiied them to bring them up in support ol beatn lorees. Any poeiful expediiion into the Tviol seem3 to be tiu te given uo, and a regiment of Bcrsa?- heri. who were marched in here from Dpseuzauo on Monday evening, were ordered back yester day as quickly us possible, and now, as "I have said, nearla the wh.de of the volunteers in this neighborhood and Garibaldi himself have gone off in that diiectiou. The last news Irom the force mo by the Rocca d'Anlo is the onlv n. couaagingbit of intelligence that has vet been received from any quarter. It appears that hero the volunteers 01 the 1st regiment have had a sharp and brilliant skirmish with the Tyrolese, urmuK mrui oui 01 e.a;iuro at tne point of tne bavonet. 'Che captain was killed, and numernna nrl. soiieis taken. From the accounts this must have been a very gallant affair, the Austrians in Catfaro being more numerous than the Italians. Shio, which has ot late been in such a sta e of leverish excitement, is now comparative! v oulet. and the streets are gradually returning to their ordinary deserted appearance. The amount ot troops quartered in ana around uesenzano must be altLost incredible, tor that place and tho country immediately between Lonato and the Mincio have become the point of concentra tion for the whole left wing of the Italian army. Aiifl now we snail see whether the Austrians will content themselves with remaining uoon the delensive. Nothing has baen heard of Cialdina's corps so far, but a damper ot this kind will have an ill etlect upon his operations, nowever successiui inej may nave been. To mv mind it is onlie impossible to over-estimate the terrible discomaeunent which this retro gude movement of Garibaldi will produce. That a man whose motto mav be said to a- "-lempre avanii, should be obliged to retreat at the opening ol the war, and gme up an expedition for which every preparation bad been made, and for which his troops were specially fitted, would dishe irtcn men less easily disconcerted than the enthusi astic Italirns. It would be absurd il I were to attempt to give jou the exuggeiated stories which prevail here, but lo one seems to put the Dalian loss under 8000 or 10 000 men. I have no doubt that within a dav or two a great etf jrt will be made to redejm this defeat, and 1 shall hope 10 be able to send vou more accura'e accounts than the mere hia's which I have heard ol this last encounter. The difficulties ot locomotion are something extraordinary, every horse, pood, bad, and indifferent, being taten up lor the service of the army, aud iu order to get to Lonato it will be necessary to w alk some twelve miles under a buihing sun. Fresh lists of enrolment are being opened tor the volunteers, and a number of the ne-vlv arrived are lying about under the windows as I wri;o. Most of them are without uni'onn of any ort, and manv are quite insutlielentlv clal, theT shoes being partlculirly unserviceable, but I am happv to say that clothing Is arnviu more rapidl than it was, and I have little douot that they will all be furnished beore a week Is over. The Follies of the Day. The Acadetnie of M iseilles has been awakened iron Its torpor by an odd incident. At a recent sitting one of its members begged permission to read a poem on the follies of the day. Herein the ladies were most bitterly criticized for their exaggeration in dress, manner, and nioruk tho indecency of Teresa the absurdity of the Benoitons In short, every vice and folly of modern society was held up to ridicule. In the raid-t of this tevere la-hing, while the audience, all atten tion, interrupted the silence only by a sympa thetic titter, a lady arose, screamed out in the greatest excitement, "You are nothing but a pack of as.es," burst through the crowd, and disappeared, I TIIIIiD EDITION IMPORTANT FROM EUROPE. The Armistice Refused by Prus sia and Italy. THE ITALIANS ACROSS THE RIVER PO. Installation of tlie Derby Calinct. Etc., XCtC. JRtO., KtC, IitO New York, July 17. The steamship Pcreire has arrived, with advices irom Havre to July 7, via Brest. Brest, July 7. Prussia and Italy have refused tho armistice. The Italians have crossed tho river Po. The Derby Cabinet has been installed. There is notning later from th? Liverpool Cotton market than was received by the Nioa Aeolian. A Liverpool telegram of the morning ot July 7 gives the lollowing prices, which ate probably the closing ra'es ot the 6tn: Consols, W'i8f;804; United States 6-20s, 67ti71; fchio, 3737i: Illinois Central, 7777j. The Havre Cotton market is verv nitiet. Tres bas Orleans, 172t.170f.; bas do. 200f. FROM BALTIMORE TO-DAY. The Heat Several Fatal Cases Political A Halt 8 etc. SPECIAL DESPATCH TO EVENING TKLEORAPH Baltimore, July 17. The heat continues in tense, and the thermomct?r stands at 98. Over twenty cases of serious affection occurred from the heat yesterday, some of which wera fatal. .Nearly all kinds of labor are partially suspended , and it Is considered dangerous to work In the sunshine. The Gazette, Democratic organ here, opposes the Philadelphia mongrel Na ional Convention, but is prepared to give in if nothing more Demo cratic offers. The firm action of Congress jester.lay, upon the President's veto, greatly encourages the straight-out Union party here. The Hot Weather. Baltimore, July 17. The heat to day is more intense than yesterday, the thermometer marking 9396 degrees in the shade. Two cases ot sun stroke are announced. Arrival of steamers. New York, July 27. Arrived, steamers leu- onia, Eaniturg, laliaman, and Jamaica. LEGAL INTELLIGENCE. Conrt of lnntlr iNrfctuoimJadsre Pierce. An application was made rauntnir thn einurt to admit 10 haii Bndgut Ala ov, vhargd with larceny. iirovou mar. nor no ciiuoren wore lying gicic, ono with sorall-nox. and t e other witn thn niimm ir ciiinj hunt. These tacts bnn? considered, Hht was John Senium was charred with committing an BReault BDd ba'torv nnon .T.nni.n anil Rnrivnfc Mn. bousld ; amen aud Bridgo McDonald with assau t and barerv noon John Scollan and Jame and l ridet McDouald with assault and battery upoa these crosit-bills were tri e1 together. It new out of a chicken licht. The patties Ive in the sumo ),on, aud had ohoirens. t wo of tboir chickens had a fight, and So Han's chicken ki led Uo Jouald's. mr. Aicuonaid winod to nave b o i tor b ood. bat finding she Couldn't get tt Irom the chicKon, ibo atn mutoo to take it from Mr. !Sco Ian bv riinirouw showering a voiiev : of brick-bat ih ough ncol ao's windows, 011 Scollan's bead, and in hit lice Soul. lanisti od this njeeklf and patient v for a while, b it iiiiaiiy i' e idid 111 mm was uea en oo vD.and nis Irifn "aroudod," ana te began to o ay h.icks also. 1 iieu mo 1 wo iamuics rouea into a regular iroe ngut, Jury out. FINANCE AND COMMERCE. Office op the Evening Teleorapb, ) Tuesday, July 17, 1806. ( The Stock Market continues dull, and prices are unsettled and Iowpt. In Government bonds there is less doing. New 5 20s sold at 105J. and 7'30s at 104. 107 was bid for old 6-20s; 1091 for Cs of 1881; and 99 for 10 40s. City loans are withouUcnaoge. New City 6s sold at 96i97.and old do. at 94. Railroad shares are the most active on the list. Reading sold largely at 54555, a decline of j Pennsylvania Railroad at 55, alight dealine; aud Catawlssa preferred at 35335J, a decline ot4; 58 was bid for Norrlstown; 54$ for Mine hill; 37 ior Little Schuylkill; 374 for North Penu svlvania; 62J for LehUh Valley; 30 for Elmlra common; 40 for preferred d : 31j for Ph ladel pnia and Erie: aud 44 for Northern Cen'.ral. City Passenger Railroad shares continue very dull. Ilestonvillo sold for 18, a decline of i; 88 was bid for Second and Third. Cank shares aie firmly held at full prices. Commonwealth sold at 53; aud North America at 225; 141 was bid tor Philadelphia; 64 for Com mercial; 94 for Northern Liberties; 100 for Soethwaik; 64J for Girard; 80 for Western; G5 lor Hank of Commerce; 651 for City; and 60 for Union. In Canal shares there is very little movement. Delawaie DlvWlon sold at 57, a si ght advance ; and Susquehanna Canal at 13. 27 was bid tor Schuylkill Navieation common: 35 for preferred do.;'57j lor Lchieh Navigation; and 120 for Mor lis Canal preferred. We call atteutlon to tbe advertisement of Messrs. Jay Cooke A Co., in another column of to-day's paper. They offer for Hale $3,000,000 seven per cent, first-class first moi teage bonds of the North Missouri Railroad Company's Coupons, payable on the 1st days of Janurry and July of each year, in New York. The rail road connects the great city of St. Louts, with its two hundred thousand inhabitants, not only with the richest portions of Missouri, but with tho States of Kansas and Iowa and the great Pacific Railroads. To the first applicants they are prepared to sell five hundred thousand dollars at the low rate of eighty cents, desiring to obta'n a better price for the remainder. Thto will yield about eight per cent, income, and add twenty percent, to principal at maturity. Quotations of Oold-lOJ A. M., 149; 11 A. M., 149J; 12M., 151; 1 P. M., 161. The New York Irlbune this morning says: "The pavments at tbe Sub-Treasury yesterday were upon a liberal scale, on account of the one jear certihcntes, which have ceased to bear in terest. In redeeming tnis class of currency debt the Treasury has freely used National Rank notes, which ore atraln accumulating in this city. The banks have not vet made these a 'legal-tender at the Clearing House, but will be obligel to do so at no rcmite day. Tho tempo rary loans, except a 'ew millions of Cleariug House certificates, are pavable in this currency, and, within a chon time, wnat it no v aTreasury balance w ill be put in active circulation through th" payment ol the temporary loan. As no bank In this city dares refuse National currency Irom its customers on deposit, the penalty beint; the loss of accounts, the most sensible course would seem to be the use ol if at th clearing-houses in common with the legal-tenders. Ills reported trom VVashluirton that the Treasury policy 1' not to b chanced, and that an easy mouev market is to be main ta ned iu connection with a steady exohange of cuncLcy with long cejld-teai 1110 debt. It Is thi beliet whloh is no-v snmulntintr new specula tions on the Sock Exchange, and those who act upon it are onlv proatiug by the history ot Treasury operations during the past nve years. The ra nieut in currency of large amounts of temporary loans is an intlatlng operation as o.B cient as reth Issues ol circulating mou-y would be. For the pre ent, the Secretary of the Trea sury is tho strong poer upon which speculators tor an advance rc'.v, and he can safely be de pended upon until he commences to cancel legal-tenders, which he has no present inclina tion to do." The Trenton Banking Company have de clared a dividend of nve per cent., payable to Philadelphia shareholders at the Pmladelphla National Rank. The cash balance in the hands of the Assist ant Treasurer iu Rot-ton, at the close of busi ness July 14, was $10,617,565, aa increase of $1'j0,613 as compared with tho close ot the ptevlous week. Of this amount $6,817,887 wag in coin, an lucrease of $168,117 over last report. Tbe total value of exDorts at Boston for the week ending July 12, ino udintr specie, was $212,787, apainst $323,777 tor the corresponding week in 1865. b Judge Yererer, of the Circuit Court, sitting atVicksbure, Miss., recently decided that the corporation of that city has no power to tax the National Bank there, either for licence 01 upon its stock or euirent business, because such taxes are repugnant to the act o' Congress establishing- and regulating the National Banks of the country. rUII ADKU'HIA STOCK EXCHANGE SALES TO-nAI ftepoited by De tlaven & bra. tio. 10 S. Third street. Hh8l Board 81000 U S 6s. 65,cuui105i kliOW) do 10o; 8H0S.TJ 7 80sJuiy 14 1i.O n Read b6 64f 100 eh uo bl6 65 , 201) sh 00 lot 64f ! 800 sh no lots 51 $500 do.. Ana. ..104 $6 0 UtvWoew. ... 96 8K00 do !; an uei. Div 01 500 .n cat in lu..t80 85f 600 sh do.... low. 851 100 sh do o 85f 500 ah do ...iota.0 854 t900 o U04 (6000 do... K.-( U7 95010 Sch Mav Rs 82. 80 5 0 00 00 1-0(0 LchiKh V hs... 92 156 h l a b lots 5T( 6 th Mor Canal.... 90 200 nh do ...lots. 85t 6sh Com' th Bank 53 100 -h St Mioh Coal O 2? loOsh Hesi'v. R....0 18 Messrs. Dellaven & Brother. Ho. 40 Rnnth Third street, make the following quo' a. ions ot the rate9 ol exchange to-day at 1 P. M. : American Gold UOJ American Selvor, i and is 138 Compound Interest Jo en : auymtt aelHwr. 149 " June, 1804.... " " July. l!W4.... " " August, 1J4.... " " October, IS'4. ... " " Ueo, 1864.... ' " May 1855. ... " " Aoeust, 1S65.... " " Kept., 1865... " " Ootober. 116..., 13 Ki 12i 11 10 8, 6 6 Philadelphia Trade Report. Tuesday, July 17 The Flour Market has acala . been cbaiaoterized by extreme dn'lnoss, aud ortcos have fallen off ful y 60o. to 1 f bbl. About 900 bbls. were alien bv the home onuumors at t7 60 8 60 bbl for superfine, 8 5029-25 tor extras, 910 11 for Northwestern extra family, 1118 for Pennsylvania and Ohio extra family, and $18 6018 for fancy brands, aooordlng to quality. Eye Flour Is not much inquired a' tor, aud the receipts and stocks are finall ; we quote in the abwnoe of sales at 86 26. Prices ol Corn Meal are nominal. 1 bore is some little basiness doing in Wheat, at a decline on yesterday's quotations. Sales ot 1000 bushels Jersey new at 82 702 80 ; and 600 bushels t-priigatS2. Prices ol wute are nominal. There lSbut htt eHye here, and the fomand is limited We quote at 81 05. Corn moves slowly, witn sates of yellow a 96o j and 1500 bashe s Western mixed, ia store, at 90(a93o Oit's are dull. 8mal salei of Pennsylvania at 6266o 1 and Wctern at 606io. We quote Cloverseed at 87 61 lbs. Timothy is nominally held at 85 25. Ftaxsojd is scarce, and in deman d by tbe crushers at $8 10. No. 1 Quero'tron Bark In hitd at 835 Ip ton . In drocen. and Provisions no change to notloe A tot of -alted sh alders sold at 16 o. Whmkv IsaeUng in a small way at 82'23(o,2 24 and Ohio at 82 2&2 29. ' Markets by Telegraph. Balttmob, July 17. Flour qmot and deolinin. Wheat du 1 and lowei ; new red 81 8lXl 90 Com declining; whit 81c; vel ow 1)6 1 Provixiona dull and Piisett'ed. Suar heavy. Whmydul. gr.Lonis Ju'y 17 Flo-tr very du I and nnaott'ed Wtieat. good So 2. 82.ot0; prims, 82 16S2 M Corn and Oats unchanged. Proviaious and Whisky unchanged. New Omnibuses. Omnibuses on a new model have been constructed in Paris, specially tor boree-races and outdoor Bights. They are so contrived that upwards of flity persons oan be seated on the roof, and each forms a kind of travelling grand stand. A Curious Chubch Difficulty. The inhnhit. ants of tho parish of Lymington, Hampshire, England, are in a state of pero lexltv. nninv to the persistent refusal ot the Lord Chancellor to nominate a clergyman to their rectory. Female Emigration. Miss Rva la to fend one hundred working women and a few families from England to Victoria, Australia, ia Auenst next. A preference will be given to famihes having many daughters. THE VaBE OF Ami-nowm This wlnhriLroA work of art has arrive 1 safely in Paris. Iw weight Is thirty-three thousand oounds. its oir- enmterence nme feet ten inches, j and its height i;ix leet bix inches. Tbe Crown Prince of Denmark la about to marry the Princess Wilhelmma ot Hollanl, bora In 1841, and youngest sister of the present Queen of Sweden. t The new Boston Directory contains 65,181 names, aa increase of 4003 over last jew,
Significant historical Pennsylvania newspapers