rrn VOL. VIII-No. 8D. PHILADELPHIA, WEDNESDAY, OCTOBER 2, 18G7. DOUBLE SHEETTHREE CENTS. rrv a TTvm i LL II II 1 1 A 1 Vl I I A FIRST EDITION GENERAL SHERIDAN The Tobllc Reception In Brooklyn Yes terday A Welcome from the Mayor, the Citizens, and the Military Invitation from Uoy. Fcnton to Visit the State Capital. The enthusiasm of tho lojal citizens of the City of Churches was excited to a considerable extent yesterday, on the occasion of General Sheridan's reception by Mayor Doothe and the veterans of the city. Punctual to the time ap pointed 2 o'clock P. M. General Sheridan arrived at the ferry-house at the foot of Mon tague street. He was met by Mayor Booth the Instaut he landed from the boat, and escorted to a carriage which was iu watliog for him. Ills approach across the river was ninde known to the many persons located on the Heights by the cheerinn wbich the passengers on the terry boat indulged In on the way, aud was commu nicated to the persons assembled in Montague and tbe adjoining streets by the brazen throats of the saluting cannon stationed on tbe private bridge over the tunnel. The military line was formed along Montague Etrcet, and extended from near the ferry to Henry street, the Gene ral's carriage being assigned a position amongst the veterans. On entering the Governor's room the General was greeted with three hearty and enthusiastic cheers for "Little Phil. Sheridan." Postmaster Koberts then introduced him to Mayor Booth in the following words: Mr. Mayor: It is my 'pleasure to present to you a soldier whose name Gils the land, as he himself, in his own person, fills our idea of an honest, patriotic American soldier, General Philip II. Sheridan. Tbe Mayor responded as follows: It affords me great pleasure, General, to wel come you here. I am sorry to say I cannot do it in the name of tbe constituted authorities of our city, but I do it in the name oi four hun dred thousand brave and patriotic people, and in the name of the remnant ot tbe tbirtv thou sand men who were lately your companions in arms, 1 can give you the most heartfelt welcome to this tbe City ot Churches. I am glad to meet you to-day. The gathering you see around you, and that which you have seeu in the streets as you passed along, is altogether impromptu, and is nngulded by any ofliclal authority, and yet, sir, I think it is an evidence to you that your name is deeply inscribed on the hearts of our people. We welcome jou, then, I say, to our city most heartily, and I trust that your further progress will be one of unalloyed satisfaction to yon. Mayor Booth then shook hands with the Genera), who immediately after stepped upon tbe platform and made the following reply to the Mayor: It is very well known that I am a very poor hand at maklag speeches, but I must say that I sincerely thank you aud the citizen of Brooklyn for this opportunity ot making your acquaint ance in such a pleasant way. I find here the same sentiment pervading the people that I have found everywhere in my travels Irom West to Eaet, and it has also given me an opportunity of meeting many of the old soldiers who were my comrades and who were under my com mand. Many times they came to my relief when I was iu tight places, and many times I went to them when they were in the same condition. Generals Heintzelman and Forsyth and Colo nel Forsyth were also introduced. A mimber of gentlemen and ladies were then introduced to the General, after wbich he was escorted to an adjoining chamber by the au thorities, where refreshments had been pro vided. As soon as the repast was concluded the Gen eral was broueht out to the people, who had as sembled in great numbers in front of the City Hall. He remained here several minutes, wait ing for his carriage to come up, during which time he was several times honored with receiv ing enthusiastic huzzas of welcome and ap plause. At length some open carriages arrived, and the General and his staif rode oil, followed by the cheers ot" tho people. Y. Herald yes terday. GENERAL BIIERIDANTO VISIT ALBANY. Letter of Invitation from Governor jFenton Tlia Geueral Accepts for tUe Oth Instant. ETA1X OF NXW YORir, 'ExKOt.'TIVB Dxpakticent, Albany tept. 24, 1867. Lear Ueneial: I rejoice that you have consented lo visit the city of New York, la 3 our course towards the West. Tine opportunity to Bee and to welcome you will be to our people an event ot no common Interest. Karly learning to honor and be proud of your gallant and heroic leadership in the Held, we have beeu taught also to honor and be pro foundly grateful for the skill and wisdom you have displayed in the discharge of high administrative trusts. ImtHlana bas been your fluid of triumph no less than Virginia, and tbe firmness and patriotism which distinguished your command in the former cave entitled you to the thanks and admiration of the teople no less tban your brilliant generalship In the alter. We honor alike your genius lor war and your courage tor the right, and we shall esteem It a rare prlvlluge to extend you personal greeting. A proule can give no higher evidence of their deter mination and fitness for Ireedom than by honoring, with every public and private manifestation of fervent regard, those who have nobly defended their Im perilled rights and liberties. Animated by the deepest - gratitude towards those especially who have led tnem in their latest and severest struggle for the republic, they have watched your entire course of unbroken success with eager futerest, and Id tbe hearty ap proval of General Grant they find the expression of their own unqualified commendation. My purpose, however, In this note wai not to speuk ol that career which Is so familiar to all, and bo proudly cbenshed by the American pfeople; but lo Invite you to the capital of the Htute after you have concluded your visit In New York. It will greatly delight the people to have you visit the seat of gov ernment, where that gratitude which tbey rejoice to manliest in their own homes can find a greater mea sure of publics exprtsslon. Not only as tbe capital, but as (me of the oldest cities ot the land, Albany has a bltttory full of Interest to every palrlotlo cl linen. Here, more than a century sko, a council of ster ling men suet to deliberate upou the means of secur ing a mere perfect union of the colonies. The sub sequent history of the capital and of the people is a history ot etVorts to advaure the cause ot liberty and build up one of tbe greatest pillar of the Union a free and mighty mate. On behair of the people, and for myself I cordially invite you to afford us this further opuortunlty of tes tifying our apurrciatlou or your eminent set vices, aud earnest); hope you will llud yourself able to gratlly our wUhes. Very respectfully. ,,,, It. E. FENTOW. lo Mo jor General Philip H. Buuuipam, United btatea Army, New York city. General Sheridan bas returned answer, through Colonel Farrell, of Governor Fenton's staff, that he accepu the invitation with great pleasure. He has appointed tlio tub instant for the visit to the capital, or alter the reception ceremonies lu Boston. General Sheridan's Visit to Columbus. Cincinnati, Oct. 1. General Sheridan will be in Columbus on the 16lh lusiant, to attend the marriage of hiB Adjutant-Genera), Forsy the, with the daughter of ex-Governor Deulaon. Tit Hew North German Diet. Among the members elected to the new North German Diet are 1 prince of tbe blood (Al brecht), 3 dukes, 4 princes, 28 counts, 14 barons, 75 lower nobility, 4 ministers, 3 geucrala, bO country jrentlemen, 64 Government einnlsven, 18 lawyers, 13 municipal oflicers, 4 clergymen, 3 physicians, 6 professors, a bankers, 9 ruer. hanUBboplteeperf, 1 teacher, au1! 1 uie&aula OUR NATIONAL FINANCES. LETTER FROM GENERAL BUTLER. Te the Editor of the Tribune. bin A friend has sent me a slip from your weekly, containing tbe Iribune't reply to my letter on the subject of national finances. My high respect for the editor, the paper, and its readers, prompts me to a rejoinder wbich may contain a little more clearly the exact state ment of the question at Issue between us. My most earnest desire is that tbe Govern ment shall fully, honestly, aud exactly meet every one of its obligations, according to the exact and equitable condition of every contract it has made with its creditor. I would advo cate nothing short of this, and justice and good faith require nothing more. I asserted that tho 6-20 bonds werapayable as to their principal in currency, and not In gold. This the Tribune denies, and insists that they are payable In pold. The wholo question is, what was the coutract between the Government and its creditors ? Tbe first $r0, 000,000 loan ol August, 1801, was Issued at 7M0 interest principal and Interest, payable In gold was so taken and so paid. When tbe 6-20 loan bill was passed, It established the inteiest at six per cent., payable in mold, but said nothing as to the currency In which tbe principal was to be paid. When the 6-20 loan was before Congress, Judge Spaulding of Ohio asked Mr. Stevens, Chairman of the Committee on Appropriations, who reported It, if the principal of theso bonds was payable in gold, as well as the Interest? To which Mr. Stevens replied, that the principal was not payable in gold. At the same session, when tbe first 5-20 loan bill was pased, the legal-tender act was also passed, providing for the issue of what are now known as "greenbacks " It was therein pro vided, and so printed on the back ol every note, that it is legal tender for every debt public and private, except duties on imports and the inte rest on the public debt. If it was not to be re ceived for principal of tho public debt, why except the interest? Besides, the act made it receivable by the United States for all its loans, and specially convertible into 6-20 bonds. Again, in tbe following Coneress, while a por tion ot the 6-20 loan was yet untaken, another 10-40 loan was authorized, at 6 per cent, in terest; both principal and interest of which, by the terms of the act, were made payable in gold. Now, if it was the contract of the Government that the 6 per ccent 6-2J bonds were, interest and principal, payable in gold, although directly the coutrarv was stated on their face, why was it that the Government offered a 10-40 loan at 6 per cent., interest and principal both payable in gold ? In other word, how could the Government expect tbe 6 per cent, gold-payable aud gold bearing loan to be taken up, when it had the 6 per cent, gold-payable and gold-bearing loan still before the country f You say that the Tribune was "largely, fzea lously instrumental, at the request of the Gov ernment, through its agents, iu persuading the people to let the Government have their money for these bonds. We assured them, day after day, that every one would be paid in full in cofu, principal and Interest." Now, the 10-40 loan was put upon the mar ket by Jay Cooke,' as the a;ent of the Treasury, and if jou will consult the flips of tbe Tribune containing: the advertisement of that loan, you will find that Jay Cooke advertised the 10-40 loan as the only loan of the Government the principal and interest of which was payable in gold. I have not seen that advertisement In the Tribune, but it was so advertised; aud I assume Jay Cooke took advantage of so valuable a me dium oi advertising as your paper, to make known that important fact of the desirability of the 10-40 loan, as he certainly did so advertise in other paper. You further say: "General Butler uttered no word of dissent then," i. e., when the loan wa9 upon the market. True, because there was no occasion. And still another, and perhaps equally available answer General Butler at that time had other public interests in another branch of the service to contemplate aud try to serve. Aeain: You do not deny that this 6-20 loan. in whatever it is payable, is now due at the option of the United States. That is, the five years have passed at the end of which, by their terms, the United States reserved theri;htto pay them; and the Governmpnt ha9 the right to ay tnem lo-aay in wnatever currency tne con ract calls lor whether gold or paper. It these bonds are payable in gold, why are thev selling at from 108 to 112 in currency when gold is worth 143 to 145? li me u in tea mates snouia now cnoose to ex ercise its right to pay them 'which would seem to be wise, as they are untaxable, so that their interest is, in fact, Irom one to three per ceul. higher than six per cent, to tbe holder) in that case whv should the Government be called upon to pay them in gold or its equivalent in cur rency, say 143, when anybody else can buy them at 112? Whv should the tax-navers be called unon to pay the holder from 30 to 40 percent, more in order to redeem these bonds than, as they now nave tne rignt to ao, me capitalist is now win ing to sell them for to anybody else? Assuming that no man can doubt, in view of tbe legislation ot Congress, and the words of tbe contract, that these bonds are payable in currency, my next proposition is That the United States shall issue a new loan upon such terms as sound nnunce shall snow to be most advantageous, and with the proceeds pay its 6-20 creditors, and thus reduce the rate of in terest, while at the same time it keeps exact faith in its contracts. I am unable to eee that this is "a dodge," or "repudiation," "which is a longer synomym for rascality," or anything "irreconciliable with common honesty.' "These be hard words, my masters." As 1 do not think.they add anything to the strength of the Tribune's argument upou a legal question rclatlug to finance, I certainly can neither reply to nor return them. I only propose to reply to the speclQc argu ment of the Tribune, and, therefore, retrain from discuHslng any of the collateral branches of this subject. May I ask as the question is one of great mo ment to the country you In justice aud fairness to give this letter the same conspicuous inser tion in the duily. weekly, scml-eekly Tribune which you gave the attack ? "Common honesty" would seem to require this. Very truly yours, B. F. Butler. Reply of Mr. Greeley to General Butler on Fluanci, We print herewith a letter from General Ben- Iamin K. Butler explaining; and jualifying his ate utterances which recommend the payment of our national debt in national paper. We beg tbe reader to note that General Butler is a volun teer in this controversy. Ills views were elicited by no requirements Irom us, nor (we believe) from any one. He must have known, before be gave them utterance, that they were such as we aud many (we think most) loyal Americans deem dishonest and repudiating. Lot us briefly bIiow wfav I1 I. Tbe United 6tates, when their national existence was 1n peril from a formidable rebel lion, imperatively needed money immense sums ot it sums which could be raised by borrowing alone. So they commenced borrow ing, aud were compelled to borrow more and more for years, until their national debt reached the enormous acgregate of over two thousand seven hundred and titty millions, w hereof two hundred and nfty millions have since been paid off, leaving about twentj-flve hundred millions still due. Hi lathe dtuk days of our gigoatic struggle, It was dernird necessary to suRpend specie pay ment and make the nation's promises to nay a 1 sal tender for their face In other words, to dVcree a universal forced loan, which was swelled at length to nearly one thousand mil lions of dollar. Except lor certain payments to tbe Government, this paper was thus made our general currency. III. At first, this forced loan was merely a postponement of actual payment. That is to say, instead of real cash, the Government gave its soldiers, contractors, and other creditors, its promise to pay so soon ai it should be able. It was a case of qualnicd national bankruptcy, ex actly as when a debtor anks and receives an ex ternum ot the t.me of payment from his credi tors. The Government iseued these paper dollars, convertible at the will of the holder into bonds drawing six per cent, interest in coin. This salutary and righteous sys tem should never have been changed ; but, unhappily, it was. Had it been faithfully ad hered to, the debt would have funded Itself, so fast and so far as it should be funded, and we should ere this have returned of course to specie payments. The change from greenbacks re deemable at the holder's pleasure, in a Treasury six per cent, bond, the interest specific illy payable semi-annually in coin, to a greenback which simply, nakedly lied being redeemable nowhere and in nothing was a deplorable illustration of the growing steepness of the down-hill road. IV. The first creenbacks were fundable at the holiler's option iu a specie-paying boud: those Issued later were fundable whenever the Gov ernment, victorious over its foes, should be ready to tund. It was at first Intended to issue a moderate araouut only; but successive de feats, pressing emergencies, aud imperative ne cessities, led to further and further issues, uutil our greenbacks in circulation amounted to four hundred millions. V. All this time, the Government was bor rowing all it could get often to tbe extent of one hundred millions per month. And we (among others) were exhorting patriotic and thrifty citizens to sell their crops, their stocks, their farms, and invest the proceeds in the national debt, explainig to them that they would thus invest their greenbacks, wbich were at iirst a fraction, but at times very largely, below specie in value, in securities whereof both principal and interest were payable iu coin. Had they not done bo the Union must have per ished. VI. The Government emitted three kinds of paper: 1. Greenbacks, for a time not redeemed in anything; 2. Bonds payable in Legal-tender; 3. Bonds payable in Specie. The interest on those payable in Legal-tender (7309) was gene rally higher tban that on bonds payable in specie (6-208 and 10-40s). And those who took the 7"30s were urged to do so by tbe fact that they would have the opt on at maturity of con verting them into 5-20s, payable in coin. Hun dreds of millions ol bonds drawing 7 3-10ths per cent, interest have thus, both be "ore and at maturity, been converted into 620s, drawing but 3 per cent. These are among the bonds which General Butler says the Government may now justifiably pay off In greenbacks I VII. It seems clear to our mind that the Government, iu borrowing money, incurred an obligation to pay; and that the amount it thus contracted to pay could not be increased or diminished at its own pleasure, since that would be saying that it might pay whatever amount it should eee fit to pay. He who covenants to pay ten thousand dollars does not covenant to pay merely whatever he may choose to consider (or make) ten thousand dollars, but a definite amount, and when General Butler proposes that the Government shall pay ita coin debt in green backs, and Mr. George H. Pendleton improves on the suggestion by urging that two thousand millions more greenbacks be issued, aud a't our funded debt, whether held at home or abroad, paid off therein, so that the holders thereof should thenceforth receive from the Treasury no interest whatever nothing at all but bare laced lies, not worth a dime on the dollar It seems to us that the rascality of tho latter is more loeical and respectable than Ceueral But ler's. If we ar8 to perpetrate a gigantic national villainy, pt it be for something. VIII. We believe there are on record specific and unequivocal pledees of the Government that the principal as well as the interest ot Us Five twenties should be paid In coin at matu rity. But this is not material. A man who incurs an obligation Is morally bound (says Paley)to discharge that obligation as he sup posed the creditor to understand him as pro mising to fulfil it. In other words: If a man quits your presence understanding you to pro mise him a hundred bushels of wheat for a cer tain service, and you are aware that he thus understands you, and he performs it on the faith of that understanding, you cannot pay him a hundred bushels of oats, and thus dis charge your obligation, although you actually said oats, not wheat, in making tne offer. Is not the case in point? IX. The Government took the mouey of hun dreds o thousands, faying: "I will pay you six per rent, interest in coin on the sum so bor rowed until I refund tbe principal borrowed." He who fanc'.es that this deb', can be wiped out by tendering the face of it in depreciated green backs seems to us deficient In moral sensibility. It is the Government that debases our currency, and that Government cannot rightfully take advantage of its own wrong. X. 1 1 little was said or thought of tho medium wherein payment of the principal should be made on those loans whereof tbe interest is expressly payable in coin, it was because no one dreamed that resumption would be postponed after peace should be restored. We all regarded sutpeiiMon as a transient, though grave evil, to to be escaped at the earliest moment. No one expected it to last bo long as it has already endured. The necessity and the excuses for it have long since passed away; yet it is per sisted in, because too many choose to pay but sixty to seventy cents where they owe a hundred. XI. General Butler asks why, if the Five twenties are payable in gold, they are now sell ing for 112 when gold is worth 143 ? We answer, 1. Because they supcrabound; 2. Because our country imports too many goods, and is heavily in debt abroad: 3. Because capitalists are timid, and fear that there may be Butlers enough iu the land to defraud them of their honest dues. The tact that a promise of the Uulted States to pay six per cent, on a given sum per annum iu gold is worth twenty per cent, less than a pro mise of Great Britain to pay three per cent, on a like sum, Is in point. Repudiation is thus shown to be a losing game. If every Ameri cen would say, We will pay our "Public debt to tho uttermost farthing I" we might soon fund our debt at four per cent. As it is, we shall long pay fifty millions per annum in extra Interest because of tbe threat and dread of virtual repudiation. And that fifty millions would pav off our entire debt in less than forty years, we are ior reducing ootu principal and interest, so far as can honestly be done; and we object to all dodges tbat savor of repudiation that they preclude this most desired oonsumtna tion. XII. General Bntler thinks we are at variance on a legal question. We thlnk It predomi nantly a moral question. The reader will iudge between us. Hqbacb Obbelit. MIsb Kate Terry, the London actress, who has just retired from the stage, is a grand daughter of Terry the aotor, the friend of Sir Walter Scott, who prided himself on his re semblance to the great novelist. Sothern, the actor, in a letter to his friend, Manager Henderson, urging him to revamp Lis theatre, wrote: "A pig-sty, if big enough, can be converted into a palace. All that is required is to tarn the pig oat and pat an em peror in." SECOND EDITION EUROPE. Latest by the Cables and Steamers. EFFECT OF THE DEATH OF SIR F. BKUCE. The Governor Eyre Controversy. TI1E COMMERCIAL NEWS OF TO-DAY. Cts., Ktc, Etc., Etc., Kte. By Atlantic Telegraph. Cadiz, Oct. 1 Evening. The barque Aris tides, Captain Brumcrhoff, from New Ifork August 52d, for this port, arrived here leaky. Damage not ascertained. London, Oct. 1 Evening. Consols for money, 94 6-16. No advices have been received yet from New York, and American securities are quoted at: United 8tates Five-twenties, 724; Illlnois,77i; Erie Railroad, 42; Atlantic and Great Western Railroad, 23. Fbankfobt, Oct. 1 Evening. United States bonds, 75 7-18. Liverpool, Oct. 1 Evening. Cotton closed steady. The sales reached 12,080 bale-. No change in prices. Manchestbb, Oct. 1 Evening. The market for goods and yarns is steady and favorable. Liverpool, Oct. 1 Evening. Breadstufls firm. Wheat, 14s. Cd. for California white; and 13s. 9d. for red Milwaukee. London, Oct. 1 Evening. Sugar firm at 25. for No. 12 Dutch standard. Foreign News by Steamer. New Tore, Oct. 2. The steamer Scotia has arrived with Furopean dates of the 22d ult. The London Times says that the death of Sir Frederick Bruce is an especial misfortune at a time when negotiations of the utmost intricacy and delicacy are pending with a Government wbioh is not always disposed to approach Great Britain in a spirit of generosity and forbearance His post was most onerous and perplexing, and each occupant finds his labors more exacting than tbose of ixim prJ(iooi!.or. The Governor Eyre controversy has assumed a new phase. Captain Edcnborough, an Ameri can officer, deposes tbat Gordon entered into negotiations with him to purchase an armed ship and munitions of war. Hon. Jonathan Sturges, A. T. Stewart, Judge Hilton, Professor Rogers, Bishop Bayley, and others are passengers from Europe , by the steamship Scotia. Tbe naval schoohhip Portsmouth is anchored off the Battery. FROM WASHINGTON TO-DAY. Cabinet llaconstrnctlon The Jeff. Davis Trial, JUte. Ktc. SPECIAL DESPATCH TO EVENING TELEGRAPH. Washington, Oct. 2. The Irde igencer of this morning says: "We are Informed that the Secretary of the Interior has no idea of resigning on account of his health, which is much improved. It is expected he will be at his post in a short time. We are not authorized, however, to say that other cir cumstances may not prevail to induce him to seek retirement from his present position. Cer tainly, if the President should desire to remodel his Cabinet thoroughly, no impediment should be interposed by Mr. Browning, who would, under no circumstances, consent to be an ob stacle in the way of harmony in the public council"." The Intelligencer also states, upon high autho rity, that the Government has not only not taken any action in the matter of the trial of Jeff Davis, aud contemplates none, but tbat neither the President nor the Attorney-General has been consulted upon the subject by either Judge Underwood nor Mr. Chanler. In other words, the whole story telegraphed from here is a labtication throughout. FROM BALTIMORE TO-DAY. Sentence of a Whisky Defaulter Inte resting Political News, ICtc. SPECIAL DESPATCH TO EVENING TELEQBVPH. Baltimore, Oct. 2. From the complexion of tbe delegates elected yesterday, there Is no doubt that John W. Davis, a graduate of Fort Warren, will be nominated for Sheriff of Baltimore city. Leo Knott will be State's Attorney. He is an uncompromising Democrat. The old conserva tives who left theJUnion party, and have been swallowed by them and then vomited out by the Democracy, are growling awfully and threaten vengeance, Theie is a rapidly growing determination among the Union men and Cnion soldiers who belong to Governor Swann's militia to repudiate the whole thing, and, if necessary, revolt rather than be led or driven to support the nefarious schemes of politicians to elevate secessionists, Democrats, and relumed Rebels to office over loyal men. In the United States District Court, this morn ing, Judge Giles sentenced John P. Kendall, of Kent county, Maryland, to one week's impri sonment and four thousand and Ave dollars fine for manufacturing whisky without a license. The Republicans hold ward meetings to-night to choose delegates to the Judiciary Convention, and make other nominations. At the Democratic delegate elections yester day, men were drunk and. fighting all over the city. It was worse than in the days of Plugugly. From the Second Military District. Charleston, Oct. 2. Major-General Canby has leeued an order forbidding the Provost Courts from exercising jurisdiction in any case involving the title of land, or In any civil cause where the issue exceeds 1300. He has alee sig nified bis intention of modifying General Sickles order closing the bar-rooms throughout the Second District. Latest from New York. Special to Tbr Kvr.NiN-n TBi.KOBArH by Hasson's InUepenOaut News Aftenry.J New York, Oct. 2. General Slocum, whose tame has been used in connection with the successor to the vacant Collcctorshlp of Brook lyn, denies that he is a candidate, ne would not accept the position were it offered him. Colonel Eagan is endeavoring to secure the position rendered vacant by the removal o' Colonel Mossmoro in the Revenue Department. There is no probability that ho would be con firmed by the Senate were he nominated. It is (aid that his war record is not the best, and the Senate refused to con Arm his nomination as Brigadier-General of Volunteers. A large quantity of whlnky, en route from tho Hadson river depot to a storehouse, was seized to day by Revenue officers. A descent was made upon a gambling house, between Broadway and Nassau street, on Ann street, last night. A largo quantity of gambling material was seized. The proprietor and three other persons were arrested. New York Politics. - 1 ipoctal to The Evknino Telkorai'R by Iloason's Independent Mews Agency, J Albany, n. Y., Oct. 2. A large number of delegates to the Democratic State Convention lor the nomination of State officers have already arrived, and lobbying for tho State has begun with considerable feeling. There promises to bealively time in making the nominations, but who will be the successful candidates for the State it is impossible at this hour to tell. markets by Telegraph Special to Evbnino Tki.bobapii by Hssaon's Inde pendent Mews Agencjr.l Nbw York, Oct. 2. Flour firm. Southern, IWSS 12-2S; extra blate, IO'l.VaioUO. Wheat Spring 11 rrn; winter 6o. better. Corn Mixed, f 1-32. Osta, 72fa7Sc Barley. r4u(q,l'M. Rye, r641-55. Forlt, ti4. ard, M 5, (0.1 5c Bacon and Bulk Mean nominal. Tallow, lliU.c. Whisky, 35(980. in bond. Cotton, 22c. liy tbe Associated Press. Nkw York, Oct. 1. Htocks steady. Cbtcaso and Rock Island, io27; Headline, itiiyi; Canton Company, 4i ': Krle, Cn; Cleveland and Toledo. IWi; Cleveland and riltBUurK. 79?.: Pittsburg and Fort Wayne, luov. Michigan Central, lf; do. boutliero, 81',: New York Central, 1U5,1,: Illinois Central, ris; Curuoerland preferred. 80: Virginia sixes, 48: Mlwourl (Sixes, Hudson River. 128; United States Five-twenties, lstti, 113; do. 1864, lot do. i8, lou'ii Ten-forUee, WHi Beven-iblrilt, 106K- Money, 7 per cent, tsierlmg Exchange, 1QK. Extensive Conflagration lu Sedgwick Street, Brooklyn Loss about 900,000. About 9 o'clock last evening the alarm of fire was given for tbe Second district. The firemen turned out with promptitude, and soon the main streets ot the city were crowded with apparatus, drawn by a noisy, jelling crowd of firemen and runners. There was not much difficulty expe rienced in designating the route, even by the most distant compauies from the scene ot the conflagration. The lurid flames which shot upwards across the dark skylit the surrounding neighborhood, and nave rise to speculations amon? distant residents of tbe city that a most disastroBs conflagration was then in progrens. The sceue of the tire was in Sedgwick street, near Columbia, South Brooklyn, a thickly popu lated neignbornood. The flames were first dis covered by the residents of the place indicated issuing irom the upper story of the two-story brick building owned by Henry Sherman & Brother, and known as Sherman's sawmills. On the premises a large quantity of lumber was piled up, aud tbe entire surroundings were of such a nature as to lnvlt i the attention of the devouring element. The high wind which prevailed made tne danger imminent to the surrounding dwellings and tenement-bouses, and large quantities of furniture and bedding were removed from houses in the vicinity. The sparks flew in all directions, and but for the energetic action of the numerous firemen the damage would doubtless have been very great. Tbe mill, machinery, and lumber were entirely destroyed. The damage Is estimated at $60,000. The property was fully insured in some of the principal insurance companies of New York and Brooklyn. A house, adjoining the mill, occupied by Mr. Smart, was considerably damaged by fire and water. The occupant suf fered a slight loss in furniture. One man was slightly Injured, being overcome by the heat. A squadof police of the Forty-third precinct, under Sereeant Lawlor, were on the ground and were efliciont in guarding property and preserving order. Inspector Folk was also at tbe scene of the conflagration. Jf. Y. Herald. II A YTIEN NEWS. Salnave Btlll In Hot Water No Funds No Vrade-Plsnty of Fighting. Poet in Pbinoe, Sept. 11, via Havana, Oct. 1. Salnave's position is becoming daily mo:e dangerous, and the recent insurrections are at tributed to the machinations of Cabral. Sa nave is reported to be favoring the schemes ot Baez at Port an Prince. The Concordat is an noying tbe Government very much, as the latter is unable to support tbe clergy. All commerce is paralyzed; no products what ever are arriving, and some vessels have been lying here since June. Currency has fallen to the rate of forty Ilaytien dollars for one Spanish. OHIO POLITICS. S. S. Cox and VaUaudlgtiam Differing About tbe Payment of tbo ' National Debt Tbe Republican Opposition to Ban Wade In Favor of Scbenck tor tbe Senate. Cimctmsati, October 1. 8. S. Cox, of New York, made a speech at Columbus ye-sterday. in which he opposed the Democratic proposi tion to pay off the national debt in greenbacks, Vallandigham followed with a speech advo cating tbe proposition. The Republican opposition to Ben Wade's re turn to tbe Senate will be concentrated on Gene ral Scbenck, it is now understood, instead of Dennison. Thh rsiKCEss Charlotte. The Prinoess Charlotte, says the Journal d'Anvers, has for some days past resumed her painting imple ments, which she uses with considerable skill. Bhe has finished a view ot the Park of Ter vneren. Iler husband appears in it on horse back, accompanied by some Mexioan gen tlemen. . . FINANCE AND COMMERCE. OmCK OF -TUB EVBMIHS TjCLXORAPB, Wednesday, Oct. 2, 1M7. Tbere Is no material change to notice in the Money Market. Call loans aro offered at 7 per cent, on Government loans and other first-class stock securities. Best commercial bills range at from 7(6'J per cent, per annum. The Stock Market opeued very dull this morning, but prices were without any material change. In Government bonds there was little or nothing doing. 8'J was bid for 10-40s; 111 for 6s ot 1881: 113 for 'C2 6-20s; 109 for '64 5-20sj and 109J for '65 5-2Q?. City loans were in lair demand: the new Issue sold ut lOljfifilOlj, a slight advance : aud old do, at &8, no change. llailroad shares were inactive. Pennsylvania Railroad sold at 62J, no chauge. 125J was bid for Camden aud Am boy; 62 for Norristown; 60-69 lor Heading; 67 for Mlnehlll; 83 for North FennsyKtsula: 30 for Elinlra common; 4& for pre ferred do.; 27, for CatawEsa preferred: 27f for Philadelphia aud Erie; and 43 for Northern In City Passenger Railroad shares there was nothing dolnc 63 was bid for Tenth and Eleventh; 194 for Thirteenth and Fifteenth; 46 for Chesnut and Walnut: and 12J for Ue&ton ville. Bank shares were in good demand for Invest ment at full prices. Philadelphia sold at 165. no charge: Mechanics' at 32. no change; and Consolidation at 45, no change. 241 was bid for North America: 142 for Farmers' and Me chanics'; 100 for Northern Liberties: 314 for Manufacturers'; 70 for City; 70 for Corn Ex change; and 64 for Union. Canal shares continue dull. Lehlah Naviga tion sold at 41(42, closing at the former rate, a decline of j; 14 was bid for Schuylkill Navi gation common; 274 for preferred do.; and 14 for Susquehanna Canal. Quotations of Gold 10 A. M., 143; 11 A. M., 1431; 12 M., 144; 1 P. M., 113f, an advance of 4 on the closing price of last evening. rniLADELPIIU STOCK EXCHANGE SAI.F.S TO-DAY Ke ported by Dehavea A Bro Mo. 40 H. Third street yiRHT no Ann. r-" wiy w, is ew... .ciiil fioo do. New ioiJ-, fiiK) do. New....im f'ixiO AUCountyCoGe. 76k $iuuuuliye, New.....lon, 1 nh I'lilla Hk. NT, Mush Ih Nnt!C...b80. 42 ft gli Uech Bk 32 75 ii retina R In. S2' SO do b&. 62J 0 in Liemva is sik... a s do......... 4D 41V 41 '2 41Ai on ao.. 10 do.. Si do.. Messrs. De Haven A Brother, Ho. 40 South Third street, report the following rates of ex change to-dav at 1 P. M.: U. 8. 6s of 1881, 1101 1U: do. 1862, H2i(fiU3J; do., 1864, 108 109; do., 1865, 109j(10iiJ; do., 1865, new, 107 m 107i: do.,. 1867, new, 107j5il07J; do. 5s, 10-40s, i)9J99J; do. 730?, June, 106JS106j; do:, July, 106106j; Cob pound Interest Notes, June, 1864, 119-40; do.. July, 1864, 119-40; do. August. 1864, 119-40; do., October, 1864, 119119i; do., December, 1H64, 1181184; do., ' May, 1865, 117117j; do., August, 1865, 116 11641: do., September, 1865, 115i115; do. October, 1865. 1161154. Gold, 143i144. Silver, 137138 J. Messrs. William Painter & Co., bankers, No. 36 S. Third street, report the follow- . lng rates of exchange to-day at 12 o'clock : ' C. 6. 6s, 1881, 110glll; D. S. 5-20s, 1862, 112i113i; do., 1864, 108$(S5109; do., 1865, ' 109Ktl09; do. new, 107Jl07i; do. 1867. new, 107IO107S; 6s, 10-40S, 09iW100; U. a. 7-30s, 2d series, 106i106J; 3d series, 106JO106I; Com pound Interest Notes, December, 1864, 118118t; May, 1865, 117gll7; August, 1865, 116116J; September, 1865, 115i115 ; October, 1865, 115 115. Gold, 143j1444. Messrs. Jay Cooke & Co. quote Govern ment secuilties, etc., as follows: TJ. 8. 6s of 1881, 110111; old 6-20S, 1131134; new5-20s, . 18G4, 108J109J; do.. 1865, 109A109; do., JnlyJ 107107; do., 1867, 107j 107 ; 10-40s, 99f ' 99t; do., June", I061106J; do., July, 106J10Gf. Gold, 143j144j. Philadelphia Trade Report. Wednesday, Oct. 2. The Flour Market is moderately active, and prices are well main- tained. By the borne consumers 2300 barrels ' were taken, at S7'608-25 fov superfine; $89-75 for old stock and fresn ground extra; I1075O 11-75 for Northwestern extra family; lll12-50 for Pennsylvania and Ohio do. do.; and 13H for fancy, according; to quality. 650 barrels sour sold on secret terms. 800 barrels spring Wheat sold for shipment on secret terms. Bye Flour ranges from 8 25 to $8-60. Nothing doing In Corn Meal. The Inquiry for Wheat Is entirely from the millers, who purchase chiefly of prime lots Sales of 1000 bushels red at $2-30J?)2 50; amber at . -502-60; and California at 2-85290. Kye ranges from 81-65 to 8165 for Western and choice Pennsylvania. Corn Is In moderate request, and lower. Hales of 4500 bushole Penn sylvania and Southern yellow at tl'4&ftl-4U- 800 bushels Western mixed at l iW(l-4y- and 1006 bushels Western white at 81-40(ai-42. Oats sell at 7080o. No transactions were reported In either Barley or Malt. The last sale of No. 1 Queroltron Bark was at (55 'H ton. Whisky Nothing doing. LATEST SHIPPING IHTELLIGEHCe! For additional Marina Newt tea Third Foot POKT O PfliLAUjaXfHlA OCTOBEB S. STATI OV TH IB MOM XT ICR AT TBI nm tit m. SBAPK OJfyj.CH. TA. M 5411 A. M..-.........72H p. If 1,.,.,11, 7g TJo. , CLEARED THIS MORNING. Barque Trlolty. Harts, Dunkirk, U WeeterKaardAPn jubu1 ct,arlle Brl,!'t8' tojEfihT. BLf 'JV Sonnies, Mataosas. Lathbury, Wick- B! Charles Wesley, Oolson, Boston. L. Audenrted ft Schr A. Tlrrell, Atwood. Cambrldf e, Day, Huddell A 8cbr I. D. Small, Tloe. Danveraport, do Bchr Old Zaob, Lynch, Alexandria, Caldwell, Gordon BclirD, Brit tain. Bprlnger, Boston, Wannemaoher A Scbr John H. Allen, Beaman, Boston. J a A n a Kepi'Uer. 1 u. u, o, Sebr Trade Wind, Corson, Boston, Borda. Keller JSutllug. ' Scbr J. i. Little. Little, Lynn, Blakititob, OraeS A fin Hcbr Joeepb Hay, Keen, wareliam, H. H. Powell Bcbr D. and K. Kelly, Kelly, Boston, Caldwell, Gor don A CO, Bohr Franklin, Tlce, Mlllvllle, Wbltall, Tatum Arm Bcbr Cadi. BaiiRS, Salisbury, Captain. u" wo.. Bl'r Diamond Btate, Kobiiiaon, Baltimore, J. D. Ruoff. . ARRIVED THIS MORNING. Brig B. Bmltb. Godfrey, from Genoa Julr s wi.w marble, rage. etc.. to V. X. B.rtorl. V B' Brig Cbaxles Wesley, Colson, Irom Boston via Camden. ' TU Bohr Julia. Delaney, 0 days from Baltimore, with mdse. lo captain. , ""i wlla Bcbr Ruby. Lee, 4 days Irom NewburvDort with indite, to Knight A Bone. "wuurypori, wun Bcbr D. and B. Kelly, Kelly, t days from Rondout. with mdee. to captain. M -nonaoui, J.bBeJwey4 'c5.,lda7frm de"8- wlu grain to Bohr W. Townee'nd, Maxon, 1 day from Frederlca. wltbgralnto J. L. Bewiey fe Co. ... xreaerjca,. Bohr O. J. Bujltners, ArtU, 1 day from Freder!oa.wIth. grain to J. L. Bewiey A Co. w BobrJ W. Hall, Powell, from Boston. Bcbr J. II. Alien, Beaman, from Boaion Bcbr J. 3. Little. LIUle, from Lyon. bchr L. 1). Bmall, Tlce, from Hlngham. wrtWe'oT'13 buUr8 'rom BtImort, tiffiWM Nw Tor. ummTeV,Ct0r'"' Matanra. 20th SJIg M0mKoel:eCvel k"8' AP""all lith UlU ph.aya?NtS'Mftru0S,i1rOV,nC)town "l- BcbJ A?l':,D""kvllf,nM' ' Portland soth nit. frmnLrprVovuie'DSedr8Srh,,,uHelUr' " ultimo KUIU U' K nl8ht( beno8 Portland ana 1 "om Boston r F1.U-UI. J8tb 'r"uk tolUm-ilunon. hence, at Fall River Jl1 Vsnklrk. from Hlngham for Philadel phia, at Newport Vuib ult, ultimo Mttd'ng KK No 41heuc.' Norwloh 30th Bcbr R. B. Dean, from Taunton for Philadelphia, at Newport 2tb ult. Kubr M. II. Reed, Benson, hence, at Cobassett Nar rows amu ult, . Bcbr Ceres, Trefethen, Irom Boston for Phlladel pbla, at Holmes' Hole 2Utb ult ....... Bcbr Theodore Deau, Phillips, hencs, at Dlgbtoo Bchr'beorgla, from Bangor for Philadelphia, at Holmes' Hole )th ulu . . Philadelphia. Bcbr J. Coiuptou. Irom pighton for Phliaaeipnia, ' BbVvTw W Won tor Philadelphia, B?br'TF KeAimstrong. hence, at Dlghtoa bM?J o' Henry, from Ly ' Philadelphia, at Holmes'' Ho' '" Ton. I arrived, ateaiashtp Henry eh