it4 .,, a 4,!t,,?:.5,'1-'''''-`-. TRIM SnAiriIIOVEMBER 26, 1867. TIJE,WEKLY PRESS, T4n2-.*-1421x °Sibs; Beek eudtug it bar efi 7 untee igliSist!niinibiii'enntainnsit , tdiusuktitnolitit attehotlse matter* aergitittl , stid.selsoted. It should be in the posiession of every Wally. The. oontontiaro--i LITAVII.,OY;IIENRY A. WISE. IIIcTiIAcdaDEIAILY ,LETTER FROM 0 ill L.Os - LEVTEM , MAJORITY SOLE. .• • •• DEIROPRATIO • PRNBS - BOLDLYrAGAINAT -FRAUD An - 08AS -AND' CALIFORNIA. • = ^ X iNSARVONSTITTITIONAL CYHMENTION. Tutd*ioN , colOaaivr,_ ll *. TILE •RALITITII-142440'.CQNSTIT17,TIIMI:' 4 WHAT 9YTOSOL. -- ANTIP; T W, OII 4 4I,4 - - AMEROAI,RLQSI:I7,ONOR. •: •- • .- EXCIAJOIOKIT,OXPI4B:Mi,VAMAPA.. • THE RULE OF MILITARY SENILITY. , ONR:TRINCAT,ILVIAHR - PRALITIOAL'!PITILANTRBOTY: • •, • 5 • TEM - EDIRIATIIINAL TEST. - • • • " urttOsr 14oripEq_' ' - - - "Tevis. • ' ENCting RAILWAY~ADTSNTUAE=(Y[ofi Di9kenifi Houeeflold Wprds j ' .'" A TOrouip o.tiliToucTzro 1?112.1 1 / I .OTBR,' tO#WRVi"", "!- GII4.II,Did.N 'AIiti.EI.SLAIr :B. ;,,-(95040.) • I MISCELLANEOUS. AN - AMERICAN TRAVELLER IN ENGLAND 1N1765. THE FIRST WOMAN ON THE STAGE. - , , • SABBATH READING. •; BANKS _ • THE NORMON.QUESTION• THE KANSAS CONSTITUTIONAL CONVENTION.. THE ItopnoNymnEw..o-• • . • -- • A TOURNAMBIIT IN AMBRIOAN STYLI.. • - THE BOSTON POST, ON KANSAS. • - • "_ THE WOODMAN CABE-4DDITIONAL LETTERS: 1 • MOVEMENTS OF GEE; WALKER; . '; • I AS TRONOMIOAL PBSERVATIONS. - _WOODWAN DIVORCE I rtrions: : t • • ... , - EtWOW*. ,• .* • SIR If...G.OILSELEY, K. 13. 1., SPECIAL MINISTER TO CENTRAL AXERIOA. , • - • SHOWINII THE WHITE FEATHER'. •' • ' *- - FACTS PROM THE NEW YORK: CENSUS. CORRECTED BANK NOTE LIST. COLUMN FOR THEYOUNO. - DOMESTIC MARKETS. • - N ^% 'NEWS.-._ THE STORM—ONE HUNDRED LIVES LOST. FROM THE prams. r A ' LATEST INTELLIOZIOE 117 TELEGRAPH - AND MAILS,-,FROM WASHINGTON,' CALIFORNIA', • ' struNti•vp THE 'ADRIATIC!. CRIME idit . 0 AELIALTIESPERSONAL AND MIS; VELLAI4BiBI9Iti'LB4iIiBiZOA. , THE ALLEOIIENt MINTY MURDER FA, STEWART, ARR. 011ARWTTR JONEi LTO BE FOREIGN MISCELLANEOUS NEWS. COMMERCIAL CRIBIE4 IN EUROPE. ' - , • FOREIGN ITEMS. • LATEST FROM INDIA. ' , . . , FORSIGN'MARICATS._ WREOKEVB4SHIP, , DUNBAiI. • . • _ CORRESPONDE*OI3; SPE I 44 OOTIRESEONDENOE PROM WASHINGTON'. Some Error in the Reporter the Return of toga—Administration resolved td Observe the . *tatty ratie—clabinet tfouniittiszday,:tse. ' tHE CITY. _ . Oar PKWE-LA:pony MOONIN TEE WANE. - MONEY, GAIN, cOEN, CATTLE • MARKETS, Br-CI WEEKLY - E.EVIEW 011 TEL PRTLADELSIMA MALI 2 . . MARRIAGES ri,NE, DEATHS - AGRICULTURAL S3#PAitTIVIENIC. , SUGAR PROM OIIINESE CANE—(Original.) STRAWBERRIES-LT/IBM MANAGEmENT; • THE WEEKLY PRESS, is farnished. to subscribera at, $2 'Per gear., In *liana°, for AO single espy, and to clubs ortwailty; whin sent to 'one address, $2O, In advance:: Singicooplea for - sale at the counter of Tros.Panes or: See, in Vrapperg,.ready for - - • • /'ersons sending clubs` of twenty dr over "win 'Plena° bear in mind.that the paper thus ordered cannot be di= reste'd bieadi sabadriboi,"iinlaiss thielub p_rfce . of $1.24' .per annum 1s 'paid, and pdid' in - advance. 'This IP in accordance with . our published raise, and Sams of our iti6i/d 3 laav,et overlooked St.- Gurhoary lists compelns to'adhere tv MSS CON NT9 OP Plitire - PLei.Engiiiiii: Pinnies; L)tiOry. Crit;Ctsm'Paymient_of liiterost on the City Debt; Want of Labor .in therWest ; Correspqndetice; Steamship 'Coo lonsai ; General the - . TIUN KSGAVING. The crew of a gallant fildpAust rescued Item' a watery grave, instinctively offer prays'''. tithe Giver of all good for the",preservation of_tbeir lives. ' It is in some , such' spirit i thisf - the people Of nineteen, tates of. this,Republic assenible, to-day, to, offer solemn prayer and thanks -to- the great: Ruler' of the .universe. The great . calamity thai'still Range; over'us flit not destroYo'..ey;eiithingC7,* have no fainiine at our doors no foreign ASV ou 'our vvaters" , oh on our fiontreiWfirbineStiO'.'-djkgersioilii" and, iiiyet; A. 'plenteous harveit has drowned - thiOlabort bf the'-farmer, .and, although trade le - litalyse;tl and , indi S t . ryf -unonsplOyelkwt' fiSghf:', to f dice the I#llo,4liyitk'soiit, and eheeifal additiefs-to.these,Prime advantages; we' fume, a safe, steady, and "eirial eilfiltahlit'' . loi;-!aid no Pily`lig,e , 4"elassss,,, lydickuitio6.l4 "Goits . fooistoisl.-can Say, the' `Pltres" will not be to: po,aitcai,jl6ol:94o . ol4' elite ,dap ict„Ttlankti t giving,matters.; _ • • DISTRICT isiToßsEvitm , NOIC,, fiat !ckirsits: surprise , ti'Mde",,i,o 4 Wards:.the •;eitir , zeds, assumed br . thO Jndges'bf the - 0 oUrVoi Quarter Sessleits„ , lu in' - spp'Olnirnenthra"l49- e"peliticai:;coinpleaton as -the one, already :holding: the .Pflice :their; opinion -bathe Sistrict"Attebraey dab', The recast act of Aisemhly, whiCh coriforied thiii:pchl-er:; r om the: court, contemplated, plainly., as -language could express. intention, that two - persons, of different political - parties, shOuld The . ofilee'; and '.it' wasOlotibtlesi i , supposed bY:lhe Legislature.that tis 3 power.of, selection might safely be entrusted -to judges whose business It i 9 t 6 see that the laws are faithfully. executed. 'l4 :the Legislature has been We do n4d'estre,to, bounderstSod to dis parage the personal or professional standing of Mr. LOVGLFEAD: ' We bprnp, string. testimony in favorof ~' both ; but . his. selection, „under the cireumitances l .: is as, surprising 4as Was 'the opinion of :'the court, Aybieb, deeliired, Mass,. blerled, by throwing out the •liotes-:of—everY , vett*: Vhogkiiiirpoi Wall not' found en' 0.0 asses:on:3a, nits; made e'en: or eighteen months4;4"m the election.. • "- • , SENATOR DAVIS ON WAIMEA., At:tho Opening ,of.'the Legislature of lila; sissippi, Senator JovrEasore Davrs gave his version of the law op tholansattCtinstitution, of iv`hich he semis to have - ,had a. reasonably fair ideivirl advance: - • 5 sionsideredthai Hebert 3. Walker, as fils vernor of Katisasjsafithrown hie intlacooo,egainst the South'; tfiat hintstiminF` Coate :terms to the Constitutional Convention in that Tekritory,b6 had been guilty of 'usurpation of power, and had struck hands With' thoAbolliiebists. 116 lind,rciasori to' beitiVe thit: President Btiohenan 'would:not endorse Walker's course, stud, that! if Kau." sae applied to become ansemberof 'the Union witli a :pro--eitived -- Constitrition, be would favor her admission; but if be opposed it on thatgrenpd,blp AdMinistration would no lodger be entitleißtotthe confidence of Southern men, .For himself ho would say, down with it! By the °rent° law of Kansas, this Convention wore not required to Submit:the Constitution" they might adopt, to the peePle; the pelletal' approbation would 'give it no validity ; the instrument would bo void until approved by Con gress. As the Conminlion bad plenary powers, it could - refer' the Constitution .the people, or send it directly to Congress ' as it Might deem, pro per. .11.0 could see no good reason why the latter course should not be pursued. A different, one viola nedessarilylead to a continuande of agile-, tion, Which it was the great object' of the .Kansas act to allay: But if submitted to' the People, • the great question was, who were to vote Upon it; and be contended that that question had already been decided -by - the - Legislature, or should be settled by the Convention itself, end that neither Gov. Walkei nor the Administration had any 'power over it:' Should Kansas be - denied, admission because of her prealaveiy Constitution; the issue contempla ted by the, Convention of this State in: Issl would be - presented. We were bound JO meet it, or be degraded:- Submission to such ow infasien of our rights . vionld cover us With moral leprosy,- 'lt was for Mali to 'say what gate - pktakitil do. - As an individual, he had 'no cOncealments ;. be would be in favor Of stern resistance ; the dedaßion would be one whieh alienidpreitipt every Iliesittsippitin. to exclaim withltio - great orator of-the Revolution; !‘ Give me libertY; give)no . deatit.". There ill no conservative citizen' in the' fien States` whit Would approve theirejiietiOn of Congress beentiie elm came there . with .S.,pro=slavery• bonstitutioni. ,Upon this prinCiple we took our stantig . .When some of Lhasa noiv advocating 'the Palkiiittn,Ctintriianota were openly opposing 0111860 Mb: B tit Oenekal,D.,tvles idea {that t4epotivention is Soverstin,and thin people matt ) , tut the majority must -yield to the- minority ;• and hit theory;lSlbis; If anything) , itnne agakiat which we plrhtest Xt is id drititta ifnd,eititritio yisqatio4 of gig Kanto • • - ENGLISH MONETARY MATTERS. lAt the eleventh hour, the British Govern ment has done, with respekt to the sank of England, what it might as Tal'lave 4943.pr0 financial difficulties had floaded"Oreat Britain, with devastation. On the :11th the day after the .dttantic sailed; a Treasuty order was issued, suspending the Sanirlbluifter—SO far as relates to the issue of notes of loss amount „than Five pounds sterling. The Bank actually has sufficient gold in its vaults to pay off every shilling of its paper issue::: The question then .arises how • the . Nero York • Tawas could an nounce this iminuisiou ((ACC small notes take -thevlsee - of: gold, - as-the " Suspension of the Bank of England:l" it Such ci statement as ecitiveying h false , impression, is, unpardonable. As long as a ttader has golden dollars to put forth when lie refirea the bills of exchange and promissory notes which he bad accepted or endorsed, no one 'can say that he suipended—for, to sus pend payment (as Messrs. BoWEN & MoNmisa, of., The Independent, are personally aware) thenns that a man has not' got the'whorewithal to pay his way. Tho Bankof England has not "suspended." But part of its ehartei was suspended;-by order of 'the- GoVernment, in order th*Ovide a substitute 'for gold, either di3ported hem England or boarded up by timid people. . when, on account of commercial difficulties lin'the ignited States, it became an object to export gold, the Bank raised the rate of its discounts—that is, it raised the price at which it sold gold. As every bank-note which it Paid out is redeemable in gold, on demand, the probeeds of' all bills discounted by the Bank were immediately convertible into gold; The, whide capital of the Bank is about four th= millions and a ,half sterling, and to pre vent this being, drawn out, the rates of dis count were successively advanced until they reached 10 per cent. Merolla* and traders, who badlarge dealings with`the trnifed States, found themselves, in diffieultiesfroui, the non `reeeilit of.remittanees which they looked for from: their" American debtors. Bankruptcy 'or'snsininsion Was the consequence ;the state liest. commercial hOuses in Great Britain stopped payment, from inability to get funds, fitshort and unexpected notices ; banks were' also; linable to' pay. Gold had been nearly draWn'ont of circulation by exportation, or by boarding. The amount, of cidned silver in England is insufficient to carry on the ordinary business of that realm. The Government, by allowing the issue of small' notes, supplies a Substitute", for gold; eases the' operations' of trade, and'tberebY restores nubile confidence. The instantit, 'was, known that tho Treasury Order. had been , sent to the Bank, the Panic Ceased, the funds rallied, and the markets rose. ' The New ' York Times anticipates that "The Crifo,reed action of the' English' Treasury deal:lCCa be followed by a crusade upon tire Bank' Charter." In the sense the word is hero used; there is no "English Treasury"— eicept the Bank 'of - England, which acts as Cashie for ;the' Government. , The 'members of the Government who issued' the (Amin question, continue to bear the old title of "Lords of the Treasury," though they babe no treasure to take Caro 'of. Hence the blander of the,New,York writer. As for ", a,,crutiade upon the Bank Charter," there, is not much :slireace.of that. It is true that, by tho. Bank ' , Charter of 1844, (passed when PEEL Seas Prime Minister,) a right is re served,to the Government of repealing all pri idloges,grantedto ;the Bank of England, on twelve months! notice at any time after Au-, gust; 1855. But such repeal can be made, Trot by " the English Treasury," but by Act of PkilliOefit, which might hot' he easily prove table, io*.great the induenno of the Bank; knd so,confirniedthe popplar belief in the Own of PEEL'S princfplea,.Snaliy brought into , pill; operation by the Batik Charter 0f4844. ' The'inferipation received by the 'Vanderbilt is so vague that vie" are 'unable - to "state, and we receive our English newspapers, how far this issue of small notes actually is to go. The Bank of England, in the very fe;er of the Panic; was entirely safe and solvent. How bould it be otherwise, with a dollar in gold for every dollar it had Issued in paper Ono of two things wottld follow the permission granted by the Government to issue small notes—first, to withdraw 'a certain amount of its' five-pound note's, and replace them by ones and twos, Which would nOt increase its circulation ; or, secondly; to issue a certain amount of ones 'and twos in addition to that circulation, for which, • thCre is an equivalent_ gold in the vaults of the Bank. 1 Tho issue of small notes is a desperate re. inedy; an expedient uihich lIVEIT be temporary. Extraordinary cases sometimes require extra iniliihry treatment—and perhapsQao present is such x ease. It the Treasury mar wore to be issued at all; it should have been sent out before ipatters were at thbir worst. 7a oui first page:we , have glanced at the history of the more recent Panics in England. They all 'show the same cause—over-trading, Over-speculation, , the giving excessive foreign Credits; and want of prudence, in every thing. pkaape` crafsee have operated among our #6-IVes..: ive• are now in a state of suspended animation'. May we, •when.be commercial plembiood 'of the country freely circulates once more, take a lesson from the crisis we have passed throngli THIO - * . .ANSAS CONSTITUTION. We-. hope the people of Kansas will avail themselves of the opportunity of voting upon tho - ntavitry question presented by the schedule of the late Convention. However poor the boon maybe, compared with the right , they should have enjoyed of passing judgment upon their entire Constitution, their position may be fin- Proved; and we do not see bow it can be seri ously injured, by expressing their sentiments Upon that question. By voting, the whole c - ountry will be taught, with certainty, what their wishes' ere, if the election be fairly con ducted, as we hopo'it may be. The Louisville (Icy.) Democrat The Louievilleaily) DentoFrat of Satur (the most 'influential Deinocratie paper in Kentucky) says "We , are 'of - opinion that the refusal to submit the ,Copstitution entire to the popular vote will 'be fatal , to, its reception , by Con gress. , When there may be a doubt as to whether the people approve the Constitution, it is just about certain it will not be sanc tioned by Congress; especially as this Con stitotion, it it is not misrepresented, cannot be amended-until 1864, and not then, without two-thirds of the Legislature concur in calling a Convention. • • The Cons' Ration is not submitted to tho people; and 'no reason can be given for the omission, except the appre hension, that' it might be voted,down. Will the other States run ' the' risk of dragging a State into the Union that _does not wish to comb on the condition proposed They cannot do it, and we may safely predict they will:not do it." '• - • • - • itUttie With the eitooption. of Walnut:street theake, the ditierenepineeo of 'public, atneoomont Trae oily will have afteinoonies well no evening; per ,. (enhances. signora Parodi, with If, Vieuxtemps, and several performere from the New York Academy of Mole, will giiro, a Concert at Musical Fund Nall, on Monday evening. Signora Parodi is en route for Jago,, hi Cuba. ' " RESUMED Orznamons.—The Eagle hat Works of Messrs. M. Ja T.' Siegel, nhich suc cumbed for a brief period to the pressure of the money market, resumed operations yesterday, and the loud clank of their machinery is ones more heard, to bring joy to the working-mon and me chanics, many of whom tied employment in this extensive establishment. We aro happy to hoar that the firms engaged in this branch of industry have determined upon a meeting, on the 20th lust., at Danbury, Conn., for the purpose of adopting a now system in the matter of credits, reducing sales to shorter periods of payment being the prie d Pal object.—BerLs County Piss's, Nov. 21. VERY • LARGE 'SALE-STOCKS, REAL ROTATE, dm.—Thoinits tt Sons' sale, on Tuesday next, wi ll comprlse'la very large amount of valuablo city and country property, stooks, loans, promissory .notos, by ordor of Orphans' Court, executors, and others. See advertisement anetion Brad. Taittenv . 00 ELEGANT AND VALUABLE ROOKR.- Catalogues of Mr. Walsh's valuablo library, to he Sold next Tuesday and Wednesday, are now ready. 07" ,Tho. Von4rkilt steamer, whose news we published yesterday in advance, had not arrived at New, York, up to a late hour last night. —She is about due there, and may be expected in the course of to-day. 01 - The Cherleston (S. 0.) Mercury hopes the Free=State men will not vote at the election in Kansas in December. We hope they will. Fut.— A frame barn, 'opined by Or: Weaver, near the, township line; Gormantovn, was set on ti at 5 ti'olook yogtorday afternoon, and partially destreyed., SeQO ? , viblolt is fully covered by Inturanoo, THE PRESS.--PITILADELPHIA 4 THURSDAY, NOVEMBER 20, 1857. BY MIDNIGHT MAIL. FROH WASHINGTON. [Correspondence of Tho Prom] Uon. Natlitui- Clifford to be Justice Curtis' Successor on the, U. S. Supreme Bench— Delegu4s from the Territories—Major Ste vens and the_ Came War—Sloop.of-War— . Candidates for Offices within the gift of the Ifouie of Repreiteutatives—ltecelpts item Cue. toms increasing, &c. WASHINGTON, NOV. 25, 1857. Bon. Nathan Clifford, of Maine, I have every reason to believe, will be nominated by the Presi dent to the Sonata as an associate justice of tho Su premo Court of the United States to fill the va cancy occasioned on that bench by the resignation of Justice Curtis, of Massaohusetts Mr. Clifford , it will bn remembered, was in Mr. Polk's Cabinet, and discharged the onerous and responsible duties of Attorney General, as the immediate successor of Ilon. , John , Y. Mason, of Virginia, from October 17th, 1846, to March 18th, 1848. Mr. Buchanan, in filling this vacancy, was not so much governed by political considerations, though they were not altogether forgotten, as by a desire to eleVate, from the extreme northern judicial district, to the supreme judicature of the land, a man worthy, by learning in the law and experience in the courts, to be the successor of Chief Tnstioo Marshall. the associate of Chief Justice Taney and his colleagues. General Lane, Major Stevens, Lieutenant Mowry, And Mr. Bernhisol, delegates in Congress from Utah,. Arizona, Washington, and Oregon, have arrived. The delegates from Minnesota and Da ootah are expected this week. Arizona has not been erected into a Territory as yet, but in the next Congress a strong effort will be made to ex tend over the Gadsden Purchase, which it em braces; a separate territorial organization. Dacota (the Indian name for the Sioux) is the portion of Minnesota Territory to the north of the Red River of the North, and has been provided for already by the law for calling a Convention, with a view to the admission into the Union of Minne sota, south of that river, as a State. Upon Major Stevens, formerly of the United States army, and known as a gentleman orun scientille attainments, will fall the onus pro handi in securing for Oregon and Washington the repayment by the 'United States Treasury, of the debt incurred by those Territories in their war with the Cayuso. and other warlike Indian tribes of that region. Major Stevens was Governor of Washington Territory at the time, and it may not be forgotten that there is, too, a personal controversy between him and General Wool which has not been adjusted, and which may in the end give to the country some rich developments. There is also a question for explanation which arises oat of a declaration by Governor Stevens of martial law in that Territory. Tho Governor says that he has been elooted to Congress by a largo majority 0f the suffrages of Washin g ton, and will take his seat in the House of Representatives as the acknowledged representative of the wishes and opinions of its people.' The drawings for the now sloop-of-war to be con structed at Philadelphia will lie finished and for warded to their destination by Monday part, and by the end of the corning week it is thought that work upon it, at the Philadelphia navy yard, will employ all the hands which have been lately dis charged, and others beside. llon..be. L. Orr;of Seuthparnlina, is here, and stopping at Brown's. Phelps, of Missouri, and Stephens, of Georgia, his principal competitors for the Speakership, have not arrived. Allen, of Illi nois, for olork, has the field all to himself, Robin son, of Indiana, and the other candidates, being ab sent. For doorkeeper the - aspirants would fill a column with their names. Amongst them the can vass has already commenced, and with an unusual warmth. For postmaster, Mr. Mike Cluskey, of Georgia, and author of the Political Encyclopedia, Johnson, of Virginia, the old postmaster, and others are not slow to push their chances as the oppor tunity presents itself. Yesterday, at the port of New York, the receipts for customs were $72.000, a larger sum by $lO,OOO than has been received there in ono day since the financial mists began. Collector Schell is of opi nion that the receipts will Increase steadily until in Iletember they will reach $lOO,OOO a day. Philadelphia, and Boston, and Baltimore, so far as thettnive bean heard from, exhibit in their re turns an, equally cheerful condition of trade, and As bright prospect for the requisite revenue for the Government. Inquiries aro frequently made as to whether registers and receivers in the several laud dis tricts of the United States can do official sots by deputies. I understand that any receipt, certifi unto, or other official paper bearing the signature of any other person than that of the officer himself, is of no validity, and not binding upon the Gov ernment. When absent on leave for a brief period, they must place the certificates in the hands of a trustworthy person, for whose dealings with others the officers aro responsible. If the absence be pro longed, the vacancy can alone bo filled by the President. To-morrow is Thanksgiving Day, and the Do• partments will be closed by order of the President. Your correspondent will thereby save his cus tomary diurnal tramp of six or seven miles, and enjoy at his room, for ono day, his otiuvs rum dignitate. X. Y. CITY POLICE-NOVEMBER 25 peportod for Tho Preen.' PARTNERSHIP IN PANTALOONS.—Two youngsters from the city of Notions (runaway apprentices most probably) were brought up on the charge of making a disturbance at a lodging-house in Front street. The names of these lads are Michael Fal lings and George Bateman. They aro house painters by trade, and appear to be nearly of equal ago, say about soventoen. The cause of the disa greement which led to their arrest is thus stated ; They had learned their trade at the same shop in Boston, but finding that chowder and "punkin sass" did not agree with their constitutions, they left that land of spare diet, and cams to a region flowing with milk and honey, videlicit Pennsylva nia. Each had but a scanty supply of clothing, including one pair of pantaloons a-piece, and those pants having boon used in their daily employment, wero stained with all the prismatic colors, and all the combinations thereof, as the garments of house painteraaro apt to ho; and they wore apprehon sive that this rainbow-tinted apparel would not be exactly the thing for a promonado dross tesuch a plain, place as the Quaker Oity. Neither Fallings nor Bateman possessed cleat funds to purchase a pair of Sunday panta loons for himself, andathe only alternative seemed ttPbe to make a joint-stook concern of it, each con tributing a portion of the purchase-money. Bats man (being the richer of the two) subscribed 87} cents, and Fallings put in half a dollar—the com bined capital was then inrested in a very decent pair of dark-brown oassinot pants, which, as those young Bostonians supposed, were oaloulated to make the wearer quite. presentable .ainong the 2„urikers, even on the Sabbath and other holiday oceasidbs. It was the mutual understanding be tween the stockholders or partners that these holi day pants should be worn by each altormetoly, in order that both might hare an opportunity to make a display, tgAi Quito th%envy and astonishment of the Quaker citizens. On the morning after their arrival, (yesterday,) Foflings, being anxious to exhibit himself to the Philadelphia public, arose at an early hour, and, supposing his friend, partner, used bed-fellow to he still Asleep, he hastened to put on the brown easel net pantaloons. But, before ho had quite suc ceeded in this enterprise, Batomen opened his eyes---opened them, indeed, with astonishment, at the.preiumption of Follings in offering to make the first use offthe garment for, which he (Bate man) had contributed nearly two-thirds of the purchase-money! In a violent St of indignation, he started from the bed and seised the pantaloons by one leg, (the other being already occupied by Follings,) and attlempted to gain possession. Pol lings struggled hard to maintain his position, which he considered as almost impregnable, but the furious twitches and jerks of Bateman soon made a breach in the breeches. In fact, they were' speedily reduced to nariow strips of cloth, and made totally unavailable for any purpose of use or ornament. Besides, in the course of the contest between the partners, a wash-stand hats upset, 'and . a queensware pitcher and basin wore broken to atoms. The loss of those articles so offended the landlord, that he had the youngsters brought up to answer for the damage and dis turbance they hod made on his promises. They wore liberated, after promising good bet:ogler, and pledging themselves to pay for the broiren crockery. W. PHILADELPHIA MARKETS. 'WEDNESDAY EVENING, Nov. 25.—The market for Breadstuffs continues innetive, and prices about the same ; the sales of Flour embrace about 450 bbls superfine, at $5.2545.37} for common and choice brands; 1,200 .bbls extra, at $5.5045.75, and 000 bbls extra family Fleur, pt $5.81ia§0.75 Per bbl. The local trade pre ,to a lifted extent only, at from $5.28a57.05 per bbl for com mon to extra And fancy family brands. A sato of 300 bbls country Corn Meal is reported, at UHL but most holders ask, snore. ltye Flour is hold at 51.50 per bbl, without sales. Wheat is not so plenty today, and holders, in 910 W of the cold Weather, are firm in their demands; about 2,000 bus red brought $1.20a51.95 for fair to prime lots, and 3,500 bus white, $1.20a1530 in store and afloat, the latter for good Southern. Corn is wanted, but there is very little offering, and about 1,000 bus old yellow sold at 81c, 2,800 bus now sold at b9ao.2e as to dryness. Oats aro firm, and about 5,000 busk southern and Pennsylvania brought 35fa38c, part in store. Bye is wanted and very scarce at 75ano for Delaware and Pennsylvania. Nothing doing In Quoccitron Bark, holders ask $3O for let quality. Cotton is unchanged and dull at previously quoted rates. Groceries—not much doing, but about 200 hhds. Sugar sold at 7eV,A, 4 mos., and 200 bbls. syrup Molasses on terms not made public, and 400 bags 'Rio Coffee at 10.1aMe on time, Provisions are dull at 81911820 per bbl. for moss Pork; a saki of Sides and Shoulders was made at Os per lb., and Lard at Uo for bbls , and Vie for kegs. Whiskey isfirmer ; sales at 221a23a for kb1i.,220 for Ithdo , , and. 210 for Drodse. TUE LATEST NEWS BY TELEGRAPH. HIGHLY IMPORTANT FROM MEXICOi• ANOTHER GENERAL REVOLUTION .Vegotlattons between the Revotilliontattgnd, lIM2=I COMONFORT , I3 PALL CONSIDERED CERTAIN NEW ORLEANS, Nov. 24.—The United States mail steamship Tennessee has arrived at this port, bringing Vora Cruz dates to the 2ist and city of Mexico to the 19th inst. The country was in a most distracted oondition. Another general revolution was impending. ' Negotiations wore pending between the mein. tionists and Santa Anna, whom undoubtedly they intend snaking President. The Tennessee brings twenty-three politioal ex• iles, among whom are ex-President Sllee, Jose Washington, and Col. Romero. William Moran, editor of the Ealtaordinaire, bad boon imprisoned for the publication of an ar tiolo against the Governor of Zacatecas. Comonfort's fall was considered cortain. It was thought doubtful whothor his lifo will ho spared if ho romaine in tho country. Stalling 'of the Arabia—sl,soo,ooo In Specie NEW YEEK, Nov. 25.—The Cunard mail !steamer Arabia sailed at noon, with upwards of a million and a half in specie on freight. FROM WASHINGTON Arrival of Governor Walker—The Mission of Sir Win. Gore Guilder. Wasnisaros, November 25.—Governor Walker, of Kansas, arrived hero this evening. The statement in the London Post, to the effect that Sir Win. Gore Ousoley has a mission to the Government of the United States, is altogether incorrect. lie Is simply accredited to the Go vernment of Central America, and has cob° to Washington to consult with Lord Napier and General Case. Tbo inlorviewa between tholl4Bl - Secretary of State, and Sir Williatnottoro Onseley, have hithorto been merely of a eeremor nious end friendly otiraolor. Tho objects of hie mission will shortly be communicated to the De• partment of State by Lord Napier in an official form. To-morrow being sot apart as a day of thanks giving, the Departments will be closed, and no public business transacted. ' There is much solicitude regarding General ‘Valker's fillibustering movements. Tho Govern ment has received no tuliices on the subjee7i. The Charleston, S. tT, Chamber of Commerce on the Currency-Question. Wasutsurou, Nov. 25.—The Charleston (8- C.) papers, furnished by the southern mail, state that the Chamber of Commerce of that oily have pro. pared a memorial to the Legislature, asking for the passage of un act to prevent the hanks from using the eiroulatiou of any of the banks of the State, beyond the limits of the State, for discount purposes, and also to prevent the recovery In the Stale courts of notes or exchange, ie., payable In another State, for the purpose of exacting illegal discount rates. The Hurtling of the Steamer Rainbow—Addi tional Names of the Lost. CINCINNATI, Nov. 25.—The following era addi• tional names of the victims by the burning of the steamer Rainbow, on the Mississippi river: Mr. McGaffin, of Kontuoky. Three children of Mrs. Whittaker, of Vicksburg, Miss. Mrs. Whoatloy and child, or PAlifornia. Mr. Lasko, of Arkansas. M;. Ingraham, of Now Organs, Miss Farriok and Mr. Brashaars, of West Point. A lady in the cabin and three others among the dock passongers also perished. Their names aro unknown. Also, Wm. Rochester and E. Prather, stewards ; the third and fourth cooks; throe deck hands, and three colored boys. Cold Wenther MONTEIIAh, Nov. 25.—Tholvonalgr this migning is very cold, and the mercury stands at four 4o green below zero. The Beauharnois canal is frozen over. LYONS, N. Y., Nov. 25.—Navigation is entirely suspended. The canal is frozen hard, and people are skating on the ice. A large number of boats aro detained at Cayuga, Marsh, and along the oanal between here anti Buffalo. BUFFALO, Nov. 25.—Tbo weathor is vary cold. Considerable ion has boon formed in tho harbor. Tho canal is frozen so tight that the boats cannot snore. Now roux, Nov. 23—Bvening.—The cold has been severe for the last twonty,four hoer& ALBANY, Nov. 21—Evening.—The weather con tinues intensely cold, and the canals are so block ed }Kith ice as to cause n complete suspension of canal navigation. Cisetetuvrt, Nov. 21—The weather is ohm, the mercury indicating 21 degrees. The riser •shows 9 foot, and falling. llores,Lo, Nniv YORK, Nov. 21;--Evoning—The weathor is clear and calm, but bold. Tho harbor is still partially open, but the canal is closed, Arius, New ]oar;, Nov. 25—Evoning—Tho weather is growing coltler, and quite a severe frost prevails. Severe Storm nt Albany, N. I(.—Vaual Nari. antlon. ALBANY, Nov. 25.—Thero has boon a .sovero change in the weather since midnight. The wind is blowing furiously from the northeast, and the thermometer is falling rapidly. Tho frost in this vicinity is quite heavy. It is feared the canal will be closed by ioo much sooner than was anticipated. Thoro is a largo amount of produce nOw on the passage down. Salamilon at Boston Bosrox, Nov. 2.s.—lThe Tian.trript of this even ing announces the suspension of Trull .4 Brothers, liquor dealers, and largely engaged in the Medi terranean and Smyrna trade. it is thought the suspension will be only temporary, the means of the firm being ample, but not immediately avail. ibis. The Hannah More Academy Burned Baur/noon, Nov. 25.—The Hannah More Fe male Academy of the Protestant Episcopal Church, Uoistertown, fifteen miles from .Ballimore, was de stroyed by fire last night. Tho pupils and other inmates escaped in safety. Marine Disaster—nye Men Frozen to Death. CHICAGO, Nov. 25.—The schooner Antelope, which left hero last week with a cargo of wheat fur Oswego, was blown ashore near the mouth of St. Joseph's river, on the night of the lato gale, and Captain Budd and four seamen were frozen to death. The vessel and cargo aro a total loss. ECM= BALTIMODE, Nov. 25.—Flour is hoary at 85 25 for Ohio, and 85 for City. Wheat—Supply light; prices slightly firmer; rod $1.0541.14; whito, 41.10.51.30. Tho latter price is asked for very choice lots. Corn is lower. Whiskey is lower at 23a240. Exchange on New Yorie, 1031. NEW ORLEANS, Nov. 21.—The sales of Cotton today amount to 8,500 bolos, at irregular prieq, but principally at 11.1 e for middlings. The ra eoipts yesterday were 21,000 bolos. Sugar is quiet at I;as°. Flour is dull. New York Ilay, 17. Exchango on London, 103a101; bills on Now York, 081: Cuteeco, Nov. 21.—Flour luiet. Wheat dull at 514 Corn steady. Oats hem. Shipments to Buffalo—No Fleur; 13,000 bushels Wheat. Re ceipts to-day-1,400 bbls Flour; 78,000 bushels Wheat; 1,900 bushels Corn. Oswzoo, Nov;' - 4.—Plour steady. Wheat scarce and firm. Sales today, 10,000 bush, at 850 for Chicago Spring, and ODs for Racine, delivered to boats. Flour 35e to Albany and Troy, by railroad. No receipts by Lake to-clay. Canal Exports to. Aix- 7 4,300 bush Wheat, and 42,000 bush Barley. OuAnnEsroN, Nov. 25.—The Cotton market is unsettled by the unfavorable advises front Europe. The sales were 1,000 bales nt 111 rents fur middling fair. SAVANNAH, Nov. 2 —Cotton to-day ranges at llatH cents. Only 180 bales were sold, and Our market closed irregular. Auausm, Nov. 25.—Cotton has advanced io to day. NEW ORLEANS, Nov. ?o.—Tho etoomer'ii advlces from the Vanderbilt, off Cape Race, pul?lishod this morning, caused an advance in the cotton market. with sales 0f1.3,500 bales. Middlings sold at Ilia 120. Meilsoes 21c. Flour active with a large ox- Woft inqufry at S 5. Now moos pork $100617.. hiskey 191a200. Sterling exchange firm. Now York exchange 0 8 / a 99. Freights wore more active. CINCINNATI, Nov. 25—Hog inaikot dull at $5.50 a 55.60. Receipts inoreacing. Provisions irre gular. Moss Pork $14a514. - 50. Prime Lard 10 conts, with a dull market. Sugar active; sales of 200 hluls at 8 cents. FLOUR AND GRAIN AT BALTIMORE.—Tho Flour markot was dull anti heavy, and in Howard Street Super we note a decline of 12.10 per bbl. There were sales at the opening of 'Change of 850 bbls Howard Street Suitor at 0.37 i, and subse quently wo beard of sales of 150 bbls do at $ 5 4 1. 7 per bbl, at which flow the market closed. There was nothing done in'ollio Super, but it could prob. .bly have hoolObught 4t. the close at $5.25 per hl. Wenot o'of'2so bbis Ohio Extra at $5.75. For City Mills Super holdeix asked this morning $5,121 per bbl, cash, but there wore no buyers at over $5, at which figure sales to a considerable ex tent could have been made. The price asked for City Mills Super on time is $5.25 per bbl. Extra Flour is still quoted at $5.75 for Western, $0n2G.25 for Howard Street, $0.2540.50 for regular shipping brands City Mills, and m 7 per bbl for choice brands do. We quote Ryo Flour at $4.04, and Corn Meal at $3.50 for Baltimore and $2.621 for Brandpvine Meal. fIRAIN.—The receipts were light as compared with those of yesterday. Thorn was, however, a fair amount at market, the offerings including 20,000 bus wheat, 15,000 bus corn, 800 boa rye, and 5,500 bus oats. IVhoate woro dull, but the sales were generally made at yesterday's rates. Reda sold at 105a118o for good to very prime lots, and whites brought 100a105e for ordinary, 110a112o for fair, 115a1200 for good, and 125a130e for prime and choice parcels. Corn is in good demand. and tho market for It is firm. Now corn, of which the receipts this morning were mainly composed, sold at 60450 for both mhito and yellow, and old do sold at 74a78c for white, and 78a80o for yellow. For ono or two lots prime old yellow, the latter figure ores offorcd and &Mined. Ityo is a little lower One or two lots worn sold to-day at 7110 for Mary land,' and Ode for Pennsylvania. Oats were in fair demand and most of the lots offered .sold at 30a320 for' 'Virginia ant ktarylaml, and no for Pennsylvania. THE CITY. ABILMEALtNTS THIS EVENING WHCATLRY 7 B ARON STREET THEATRE, ARCH MAIM ABOVE RlXTR.—Aftornoon— H P. P.; or Tho Man and The Tiger"—" Scan. Mag."—" Out for Tbanksgit log." Evening—" The Sea of Ice"—" Tho Midnight Watch." WALNUT STREET THIATAII, N. S. 00BIEB or NINTU ASO WALNUT BIREBTB.—" The gnehootress. Tairwe'e Maw HALL, CHEBTAUT EITBEET, BELOW SiFINTEL—BuckIOy'A Opora Troupe. • plavosais TilarrnE, WALNUT BTLEST, NNAR Mart Et. --.‘ Equestrian Performances' , attornoou and evening. EANFORIPS OPERA MOEN, ELEVENTH STENET •170Y1 Onsaraur.—Ethloplan Life Illustrated, concluding with a laughable afterplece. CONOEST HALL, CHESTNUT ST., ABOVE TWELFTH.- A Grand Concert." City Councils.—An adjourned meeting of City Councils was hold yesterday afternoon, nt which the following business was transacted : Sauger Btrnacu.—Petitions fur water pipes, gas lamps, dco., wore presented, and appropriately re ferred. , Mr. Williams presented a petition from sundry owners of property, asking for the payment of damages for the opening of Poplar street. Re ferred. An invitation was received from the Board of Managers of the Northern Homo for Friendless Children, located at Twenty-third and Brown streets, requesting the attendance of the members of Council at the institution on Thanksgiving day, between the hours of three and five P. M. The invitation), on motion, was accepted. Stephen Taylor, City Controller, submitted on estimate of the receipts and expenses of the seve ral departments for 1859, which have been re ceived since the 19th instant, the date of his last report. Referred to the Committee on Finsnee A communication was received from the Chief Commissioner of Highways, in answer to the reso lution of Mr. Cornman, offered at the last meeting, inquiring by what authority certain turnouts had been mode by the Philadelphia, Germantown, and Norristown Railroad Company. The Commissioner stated that ho had given authority. In conclusion, ho recommended the passage of a general law on the subject. The communication was referred to the Committee on Law. Mr. Margolis moved to reconsider the question on the reference of the communication. Ile wished to have it referred to the Committee on Highways. Dir. Mahone thought that as it was a legal question, it would snore appropriately be referred to the Committee on Law. Mr. Gahable and others discussed the question of reference at much length, and with considerable spirit; after which the 'notion of Zir. Marsolis was negatived, and the communication referred to the Committee on Low. A communication was then read from Joseph If. Siddall, Surveyor of the Eighth District, asking for a repeal of the resoluion of Mr. Nathans, which bad boon passed at the mooting on the 12th of November. . . On motion of Mr Nathans, tho communication was laid on the table. Mr. Mott presented a petition, similar to those already published, signed by over 200 persons. asking for relief, lu the shape of the issue of four millions of city warrants. Referred to the Joint Special Committee on the subject. Tho following communication was then read by Mr. Money 4. Leiecnring, Chief Clerk of Seleot Council: .. PHILADELPHIA, November 25, 1857. To the President and members of Select Council: GENTLEmEN : Having recently been elected Pro thonotary of the District Court for the City and (County of Philadelphia, I most respectfully tender you }ay reslgnatiou as assistant clerk of Select Council, to take effect on the 30th instant ' In thus dissolving soy official connection with your honorable body, I avail myself of the oppfm. tunity it affords of expressing to onch member my most grateful thanks for the friendly feelings manifested towards ate on all occasions, and for the many acts of kindness of which I have boon the recipient. Very respectfully, yours, du. J. P. AICFADDEN. Mr. Verroo said that the intercourse between Mr. McFadden and all the members of the Cham ber had been of the moot courteous and agreeable character. Ho alluded to the faithful manner in whioh all the onerous duties of the assistant-clerk ship had boon discharged by the present incum bent. He regretted that the official relationship between Mr. McFadden and the Chamber, produo tivp as it has been of so much that was really pleasant and profitable, was about to bo severed by a withdrdwal of tmportant and yaluable services. Mr. Verne passed a veryhigli enoonitnm upon the gentleman who had tendered his resignation. On motion, the resignation was accepted, and a rote of thanks tendered to Mr. McFadden for the ability which characterized the discharge of his duties, by the unanimous vote of the Chamber. Mr. Common moved to proceed to the election of an assistant clerk. Agreed to. Mr. Nathans nominated Horace M. Martin. A ballot was thou taken, with the following result t Horace 14. Martin 19 fealah H. Fitter 1 Mr. Common voted for Mr. ' Mr. Martin having received a majority of the votes, was declared duly elected assistant clerk. The oath of office was than administered to him 0) , the president. Mr. Common presented a olalm of (forge If. Howell against the pity. Referred to the Commit too on Claims. Other claims Avers presented, and likewise referred. Mr Ashton, from the Committee en Water Works, presented a report, with a resolution attached, authorizing a transfer of certain items of appro priation. Mr. Roberts thought that this frequent transfer of Heins of appropriation, without any investiga tiep, was injurious to the interests of the city. After a brief discussion, tho resolution was agreed to. Mr. Morselis, from the Committee qn the Girard Estates, .presented an ordinance providing Tor an appropriation to pay certain olainis against the estate. The ordinanco was agreed to. Mr. Taylor, from tho Committee on Schools, to whom was referred the application of the Board of Controllers of the Public Schools for repairs to the Zane street school, made a report favorable to the application. A resolution authorizing the repairs, providing the expense does not exceed $6OO, was agreed to. Mr Taylor, from the same committee, ales re ported a resolution recommending the removal of priming schools Nos. 3 and 4 from the rooms in tho Wocenc'ea engino houso to the room over the Southwark Ball. Mr. Bradford opposed tho resolution, r.s j have the effect of bringing the scholars in contact with persons and scenes of no benefit to them. After further discussion the resolution was re jected. Mr. Nathans, from the special committee to whom was referred tho subject of certain surveys, flaked boayo to be continued, which was granted. Mr. Belden= presented an ordinance appro priating $30,000 for the payment of the interest on certain bonds, issued by the bale diariets of tinting Garden and Northern Libortlea to pay their re spective subscriptions to the Pennsylvania Rail road Company. Mr. Gamble, was gratified at the introduction of the ordinance, and spoke briefly of its merits. The bill was passed without discussion. Mr. Neal submitted the following : Whereas, By the f a .3d section of the Supplement of the Consolidation Pet, approved May 13, 18513, it is made incumbent upon the head of every de partment to report to the Controller, by the filet of November of each year, the estimate of the op. propriations required for his department for the culling year ; And whereas, By the 24th section of the same Supplement, it is enacted that the hood of every department who shall have made default in the rendering of any report, shall be guilty of a mis demeanor, and bo by Councils dismissed from his office ; And whereas, It is of the utmost importance that ovary facility should be given to the Finance Com ntittoo, to enable It to be prepared to receive the taxes of the year ltl3B by the first day of Tanuary. Therefore, Resolved, That the Finance Commit tee report to Counolls the head 'fir ovary depart ment who haa made default in rendering hisler d rt, and is therefore guilty of a misdemeanor, t tut lie may be dealt with in conformity with t le said twenty-fourth section. The resolution was referred to the Committee on Law. Messrs. Foster And llorrooks, who wore absent when the vote for assistant clerk was taken, asked leave to record their votes. Leave wits granted, and they voted for Mr. Martin. Mr. Gamble offered an ordinance, providing for a transfer of an Dein in the bill of appropriation to the Department of Market Houses. Agreed to. Mr. Kline offered a resolution proyilling for the paving of certain streets tho s Seveptercith ward. rho resolution was amended by the addition of the names of other streets mentioned by Messrs. Com mon and Beideman, after wbteh it was referred to the Committee on Highways. The Chamber, on motion, took a recess for ton minutes. On re-assembling,a message was received front Common Council, informing the Select Branch that they had passed an ordinance to make an appropriation to pay the interest on certain bonds. The ordinance tyasepneurred in, and the Chamber adjourned, COMMON COCNCIf"—Mr. Ring, of 14 cow , mitteo on Legislation, made a report relative to taxation in the city of Philadelphia. The report says: In examining the proposed not they endea vored to ho governed by its spirit and manifest object, which le to compel our community to boar n part of the burden of tho municipal government proportionate to its ability. To attain that end, Councils should have tho power of taxing every decoription of estate, and of obtaining as far as ossiVe art coutilt 41u1 just valuation thereof. It was not thought judicious at this time to make any clang,' with rogslrd to the assessors, and the not herewith reported propocos none. The first tnotion of the act as reported provides for tho payment by the city yearly to the Step an ascertained sum, which shall ho received as a full Equivalent for tho tax now Imposed within said city upon real and personal property, sala ries and emoluments of otiioo, and trades, oocupa tines and professions. Tho price of licenses and commissions ' and collateral Inheritance tax not to In included in that sum, but to ho paid to tho State as heretofore; and this for two reasons—first, because the method adopted by ate State of clas sifying vendors of morchandiso is as equitable a ono, as would, in all probability, bo established by Councils, but more especially for the reason that it is not necessary in securing the main advantages to Ito Sained by counnunicattng with the State. The tate tax is bated upon the valuation mode by the wartisnd township assessors. ThiaV.s led them into a practico of rating ttaxablo property below fairvaitte, so that this burdens of Stato taxatiofi may rest as lightly as possible upon thoir'parti cuter cities or counties. Ibis custom of assessing has necessarily resulted in groat inequality in the valuation of property, for when an assessor is not governed by the aotual value of tho property, ho 13 without a standard by which to assess it; there fore the valuation of property in the various wards of the same city differs, as does the honesty of In tention and the discretion of their respective as sosoors. The inflexible rule should ho to value property at its full and fair cash value. But with the present manner of lovying State tax, if wo should conTorm to such a rule, we would pay much more than our just propoitiop of the State expenses. The design of this soctil,n is ;it enable us, by having a fixed standard of valua• Hon, fairly and equally to value property . which/ is to be tend, anti to have but one tax levied iu the city, the rate of which to be fixed, and the taxa ble property designated hy ,Counoils. It is difficult to fix an amount to by pfdd in lieu of the sum now raised by taxation, which will Ilp fair to the city and dust to the State. Your com mittee have been governed by the receipts of the poet year, making an allowance fur the difference between the rate of last year and that of next year. Tho amount of State tax of 1850, collected up to this time ' is $152,132.72. The rate last year was thirty cents upon tho hundred dollars, which hae been reduced twenty-Elvo oats on the hundred dollars, but this redaction is not made upon taxes levied for this year. The valuation of the real estate of the city of Phi ladelphia is 5145,005,885 00 Two and a half mills on the dollar on the Name will produce 342,739 71 The State tax levied on the personal property mentioned in said let Sec tion, amounts to 71,195 44 Making the whole amount of State tax of the city of Philadelphia at the rate 21 relllson the dollar 433,934 15 Tho amount to be paid the State, as proposed by this bill 8100,000 00 Leering an allowance for uncolleotable taxes, de 533,930 15 At this time the uncollected State tax of 1850 is over $53,000 low much of that amount will yet be collected, youroommittoo are unable to say. Councils hays now before them the information by which the Committee wore governed in fixing the earn they herewith report, by which Councils can judge of its correctness and justness. The second sootion of the bill as reported, containing the most comprehensive and general terms, will give to the city government the largest power of taxation, by virtue of which every con ceivable right or estate can bo made the subject of taxation. It also gives to Councils the power to prescribe the method by which everything taxa. hlo shall be valued, and the taxes thereon col lected. The section does not give greater power than a municipal government should possess, nor does it interfere with tiny right or prerogative of the State government. As our citizens make and change the municipal government, this section but gives them the control of their own affairs. It is Anne comary to discuss, in this report, the propriety of taxing personal estate—the proposed law only gives the right, but does not compel it. Tho last section of the bill gives the city government the power of assessing a poll-tax upon every taxable inhabitant, not exceeding Si a year. The object in designating it a State and county tax is to compel, under the penalty of deprivation of the right of an elector, the payment of at least ono dollar in two years towards the support of the government. It would seem just that every voter should pay a personal tax each year to entitle him to vote, but tho Constitution of the State gives him that right upon the payment of a State or county tax within two years. Your committee recommend the adoption of the accompanying resolutions. llvsny Mx°, Chairman. ANDREW MILLER. Glo. WILLIAMS. Relolred, By the Select and Common Councils of the city of Philadelphia, That they hereby make appliOnant.,l3ollvtao. efoGethe neral l A or s s i o n m a bld r o t f m t r h g S i t s el c of thin relative to taxation within the city of Phila. delphia, An act relative to taxation within the city of Phi ladeiphia Sec. I. Be it enacted, &e. That the treasurer of the city of Philadelphia shall pay, on or before the first day of July, 1859, and in each year there after, into the treasury of the State, the stun of four hundred thousand dollars, which said sum, when paid, shall be a full equivalent for the State tax Imposed upon real and personal estate within the said city by the thirty-second and thirty-fourth sections of the not of the 29th of April, 1844, en titled 4 . An act to reduce the Slate debt, and to in corporate the Pennsylvania Canal and Railroad Company," and reduced to two and a half mills on the dollar by the eighty-sixth section of the act of the 18th May, 1857, entitled '• An net to provide for the ordinary expenses of government, the re pairs of public canals and railroads, and the gene ral and special appropriations." Site. 2. That the Select and Common Councils shall have full power and authority, and they are hereby tit:abed:ad to taxi, within the limits or said pity, all rights, interests, estates and things, be they corporate or incorporate, real, personal, or mixed, which aro not specially exempt from taxa tion for city purposes by the laws of this State; and to prescribe the manner Bud method in and by which the same shall be valued and the tax thereon assessed, levied, and raised. See, 3. The said City Council shall have power to levy a poll-tax upon every taxable inhabitant of said city, to bo designated a State and County tax, which must be paid within two years, to entitle him to enjoy the rights of an elector, provided the whole of said poll-tax assessed in one year upon any inhabitant shall not exceed ono dollar. The report was ordered to be printed for the use of the members. Mr. Faulkner said that at the last mooting of Councils, ho voted negatively upon tho ordinaneo to day tho inte'rest op the city loans, by lie !pored that they proceed to the re-considera tion of the ordinance. Mr. fitevene obiooted to the course, as he thought it out or order. Mr. Clark contended that this was an adjourned meeting, and that the motion was in order. Mr. Stevenson again contended that the ques tion was not in order. Mr. Miller.—Wo might as well let the matter pass, as it is evident that we aro to he sold to the Pennsylvania Railroad Company, and we might as well do it first as last. Sr. Stevenson.;—l don't believe it. (Laugh.) Tho pheir decided the question in order. The yens and nays webs called on the question " to reconsidor" the question, and it was agreed to by the following vote YEAfi—Mossrs. Arnold, Baird, Bayer, Boyle, Bromley, Burnell, Burns. Butcher, Crease, Day, Dougherty, Drayton, Faulkner, Ford, Fry, Gin nodo, Hacker, Handy, Holman, Ilutchinson, Kol ler, King, Mascher, Molloy, Moyer, McFadden, Mollwain, WNW!, Palethorp, Parker, Potts, Steel, Taylor, Tudor, Vanliorn, Warnock. Wildey, Wit- Hams, Wolf, John Miller, (President)-39. NAYS—Messrs. Alexander, Austin, Black, Coop er, Deal, Hall, hominger, Jones, Makine, Miller, A., McClean, MoMakin, Shaoh, Sites, Stevenson, Thompson, J., Waterman, Wilmer-19. Mr. Stevenson said that sinoe the last meeting of Councils thorn had boon some "ground andlofty lumhling." It was not presumed that the mem bers of Councils would resist tbe influence of the Pennsylvania Railroad Company—a gigantic cor poration, with an assumed oapital of thirty millions of dollars. no gave a history of the manner in which the subscription of those bonds had been made by the Northern Liberties and Spring Gar den. Mr. Miller opposed the bill. He had heard of no protest on those claims. If this olaim was n just ono the parties should resort to the courts. 13ut they do not do this. They daro not, because if they did they would be kicked out. These bondholders know a trick worth two of this. They go from door to door of the members of Councils, and beg of them to vote for the ordinance. If this claim is paid it will be an outrage upon the tax-payore—lt will be done in defiance of law— in defianco of equity, and In defiance of every principle of common justice. If this amount is paid it will be a donation to the Pennsylvaniaßail road Company. Mr. Hooker was surprised at the course this a bate had taken. Ho denial the allegation made, that the Northern Liberties never intended to pay the interest on them bonds. Ho argued that the credit of theso districts was only loaned to his Company, and the city was bound - to pay this in terest IM this amount, 6510,000 aro bald abroad, and parties hero aro holding the coupons for the collection of the Interest. Ho contended that the city had always paid the interest. Mr. Holman said when he first heard of this or dinanco ho was opposed to it, but upon making ex tensive inquiryof the City Solicitor and others, he was satisfied that the city was bound to pay this Interest. Ile wee satisfied that the refusal to pay It would be setting the law at defiance, and par. suing a course contrary to the wishes of their con stituency. This aubsoription was scoured by throwing dust in the eyes of the commissioners of that district. Ho had not seen any of the bond holders, or any of the directors of tho Pennsylvania Railroad Company, but should veto for the bill, because the pity could not escape from it. He gave a painful account of the daily attendance at tho Girard Bank of the holders of the city warrants, who are unable to got their money. Mr. Wilmer said there appeared an eager dosiro to pay this interest. He had always boon in favor of payinc it, but thought this was not the time to Mr. it Mr. iiing said that our connection with the railroad' companies had - always been a source of trouble. Last ydar, when this Stock was up to 44, there was a disposition on the part of many mem bers to exchange it for the loans of the city. But this was not done Among those who voted to in definitely postpone this subject, was Mr. Steven hos, of the Eleventh ward. This course has en tailed upon tho city a loss of $.:100,000. He thought the sooner they cut lan° from these com panies the better. Tho city owns the stock of the Pennsylvania Railroad Company; they purchased it and gave their bonds in payment for it. Why then should the city not pay the interest on those bonds I • Mr. prayton said the opponents of the bill ar gued unfairly that tilers) we, an agreement be tween the Pennsylvania Railroad fiomPopy and these districts, that the former was to pay the in terest. No such contracts have boon produced, and ho believed that no such contrad ever existed. In the absence of such a (imminent it was their duty to pay the interest. Re contended that there was nothing in these bonds to show that the Pennsyl vania Railroad Company was liable for the interest. The allegation that the Pennsylvania Railroad Company had boon tampering with the members Of that body was untruo as far as he is concerned. As hon6t men they you'd pot look at these bonds and refuse to pay tho interest. Ho hoped they would stand no longer in the light: of dejhulter, and repudiators lie defended the press fur thp course they had pursuLd on this question. Mr. Stevenson answered Mr. Drayton. Me al leged that if the Angel Gabriel should come down and advocate this claim of the Pennsylvania Rail. road Company, ho would oppose him—ho would fight him as friendly as he does the chairman or our finance committee. Ito thought coupon bonds wore created fur two purposes—ono to accommo date the foreign bond-holder, and the other to ae. cocaine:late bankrupts. Ito contended at much lag* that the prmmlyania Railroad Company we, liable for' the iliterest Mr. O'Neill said, it appears to me that cno.half of pur time in Councils is spent to setiify the world that the city of Philadelphia is a corporation o r " rogues," who Would devise moans to cheat their creditors out of their just demands by throwing every obstacle in their way of recovering their money. We refuse to pay interest on our debts ; wo draw warrants on our treasurer, who has not ono cent to meet a draft. In relation to the ordlnaneo under oonsidora• tion, I view it as a business transaction, a party giving his bond under his hand and seal coeds tioned for the payment of a sum at a future day, with interest half yearly to A and his heirs and asqigns. no person to whom the bond is assigned has a right hi recoverof the grantor, no matter what was She private undeistanding between the parties prior to the delivery is theliond. 41. contraet be tween the parties at the time the bond was given shall not (injure the aasignea who is ignorameof secret agreelnent between the grantor and grantee. Now the only question to determine is, were these bonds legally Issued 1 We aro in law bound to pay this interest. The argument of the gentleman front the Claventh ward (Stevenson) is the boat evidence urged in Councils' that no should pay the interest. Ito said it was agreed that the city was to receive the dividend on the stock in payment of which these bonds wore given, and that up to this time wo have received eight per cent. on the stock. Out of this eight per cent. wo paid the bondholders six per sent.; and pN;set;vl the two per cent. New when the Rhilroad Thimpany has ra;lati, wo are bound to pay the interest. Tho oily hint- this stook—it was a stook-jobbing speculation, and she is bound to pay the interest on the bonds with which she purchased the stock. I will never con gont to repudiation. Mr. King said most of ty subscriptions by cor porntiohs to railioads had been made by decep tion, and he was gratified that a proviso was about to be toads in the Constitution to forbid them horoartor. Ito could not see how the city could escape &emptying the interest. Mr. //author too* to postpone the bill for the present, and to take up one of a similar character, as passed by tho Select Branch. After some debate, the Motion was withdrawn. Mr. Miller again spoke at length in opposition to the ordinance. lie contended that this bill was only taking a burden from the l'ennsyltaniaßail road Company, through the influence of the Vico President and Solicitor, who are members of select Council. Mr. Miuteher called for the previous question, which was sustained. The question then recurring "shall the main question be put ?" it was agreed VI. The yeas and nays were demanded on the first stollen by Messrs. Miller and Parker, and being ordered, were as follows YEAS—Messrs. Baird, Boyer, Brown, Burnell, Burns, Buteher, Cooper, Crease, Day, Dougherty, Drayton, Faulkner, Ford, Fry, Ginned°, Backer, Bandy, Kenney, Holman, Hutchinson, Kano, Kerr, King, Kneass, Mang, Maseher, Molloy, Meyer, McFadden, Meilvain ' O'Neill, Palethorp. Parker, l'erkins, Potts, Steel, Thompson, (Oscar) Vanhorn, Warnock, Wildey, Williams, Wolf, Wright, Miller, (John) president—it. NAl3 — Messrs. Austin, Barnwell, Black, Brom loy. Dual, Filler, Hall, Iseminger, Jones, Keller, Making, Miller, (Andrew) McClean, MeMakin, Shoch, Sites, Stevenson, Taylor, Thompson, (John) Tudor, 1) ilmer-22. The first section was &elated as agreed to. Mr. Wilmer mooed to amend, that the interest be paid on the - Ist of January, which gave rise to a lengthy debate between Messrs. Miller, Mrseher, Drayton, Miller, Knows, and others. • . • . Mr. Kneass administered to Mr. Miller a rebuico which be will not soon forget. The hill then passed a final reading by a cote of 93 to 19. Mr. Holt:ter presented the following petition from a largo number of [ho property owners of the Nlnotoenth ward : To Mc Pcesident of the Select and Common Council. In view of the unprecedented number of work ing-men out of employment in the Nineteenth ward—men, too, who are willing to work but who are unable to find employment of any kind—the rapid approach to a gloomy winter prompts us as a last effort, to solicit your honorable bodies to forthwith authorize the commencement of the con templated culverts in the various parts of the city, and more especially the continuance of one in our own ward, commencing at Norris street, thence up Clinton street, through Norris square to Susque hanna avenue, for the property-owners are ready and willing to ay their proportion. Furthermore, to commence the grading of mush streets se your honorable body think may be required, and we will ever pray. Referred to the special committee on the sub: ject. Mr. Drayton, from the Committee of Finance, reported a resolution transferring& certain item in the appropriation made to the county prison. Agreed to. A report from the tame committee was sub mitted, on the present embarrawnent of monetary affairs, and recommending a loan to pay claims and to sustain the credit of the pity. Ordinance Was ordered to be trinted. Mr. Andrew Miller, from the Committee on Highways, reported a resolution in favor of grading Girard avenue, west of the bridge, to the Marion plank road and Clinton street, in the Tenth ward. Agreed to Mr. Alexander, from Committee on Gas, sub mitted a report asking for an appropriation of $230,000 to defray the expenses of lighting the city during the year 1858, for the payment and erection of new lamps, repairs. he. Referred to Committee on Finance. Mr. O'Neill submitted a report from the Police Committee, fixing the salary of the Chief and tho Clerk of the Police Department. Salary far the Chief, 1t,1,50q, ; Clerk, $7OO. The item respecting the Clerk was stricken out, as the duty is now performed by a police officer at $5OO per year. The ordinance was adopted as amended. Mr. O'Neill, from the same committee, reported resolutions that no further legislation was neces sary relative to the regulation of the selling of broad by weight, and that the Committee on Mar kets be instructed to divide the city into dis tricts, and that the clerks of the markets be in structed to enforce the law or resign. Post poned. There being no quorum, Council adjourned. .another Destructive Fire.—Yesterday morn ing, between four and five o'clock, a fire broke out in the upper portion of a three-story back building on the southeast corner of Ridge avenue and Wal lace streets, in the Vorateentla ward. Thu flames were communicated to the roofs of two adjoining buildings. Tho house on the corner was occupied by N. that's Co., batters, on the first floor, and the upper stories were used for a boarding house. No. )327, next below the corner, was occupied as en ice cream and oyster saloon. No. 1925 was occupied by Mr. Robert Crawrtird, as a millinery store and dwelling. The loss here was principally by water, although the building was unroofed. Tho origin of the fire is attributed to accident. Mr. Welch and some of the boarders worked at shoemaking in the garret of the house they occu pied. About 11 o'clock on Tuesday night, they filled a fluid lamp while it was burning, but not withstanding every care to prevent accident, the fluid ignited, and the lamp was thrown all bias in; upon the floor. The fire was smothered out, and to malts 'assurance doubly sure, water iras poured over the floor, and all was thought to he safe. lletwoen four and five o'clock yesterday morning, a Miss McCormick, who was sleeping in the third story, was aroused by the crackling of fire, and before she was aware that the building was in flames, the fire was dropping upon her bed. Mr. Welch was very badly burned about the face and hands, It is thought the fire originated from the blazing fluid working its way under the wash-board and into the studding of a partition, where it slumbered until its discovery in the morn ing. The weather was very cob!, and the firemen, and the persons who were turned out of their homes, suffered much from this cause. A fresh wind from the northwest was blowing at the time of the fire. Estimated Receipts and Expenses of the Government for the Year 1858.—The following table exhibits the estimates of the receipts and expenses, as far as received, of the several de partments of the city, as furnished to the City Controller, for the your 18,18: Total Total!Bills due Departments. Receipts Expenses 11857 and 1858. 1858. previous Police .... .... .... 11Ighways 24,550 00 390,700 00 .... City Commissioners. .... 163,466 32 .... City Property 19,697 72 64 246 03 1.212 10 City Controller .... 14.350 00 .29 43 City Treasurer 371,800 00 1,351.029 26 ...• Supplying Water.— 478,000 00 171,010 00 309 00 Market Mouses 71,205 75 13,683 70 .... Wharves and Lantrgs 50,491 00 6.783 17 .... Receiver of Taxes... .... 21,800 (0) .... Surveys Law 30,000 CO 16,960 00 .... Fire Clerks of Councils... Cont'r Pub. Schools. .... .... .... Board of Stealth - .... .... .... Guard'ne of the Poor .... .... .... 4 napoctors of Prima. 66,569 50 TrirstiCity /no That 6,334 00 12,4i5 00 .... Girard Trust (Sep't) 7,52.3 91 6.499 01 .... Superintendent of Trusts (C. Oat) .. 7.623 29 6.019 60 .... Com're Sinking Fund .... 159,079 00 .... The Ball of the Assistance Engine Company. —Ono of the cosiest yet most brilliant balls at which our nether extremities ever vibrated to the melody of sweet music, was that given at the now hall of the National Guards, on Monday night, by the Assistance Engine Company, of this city. So far as lovely women, picturesque costumes, joyous hearts, and inspiriting surroundings could render an occasion "a thing of beauty," this ball was everything that could be desired. The piesence of delegations from tho Pasant° Engine Company, of Paterson, and' the Delaware, of Trenton, New Jersey, contributed, in a great measure, to heighten tho enjoyment of the company. At an hour when the dancers were growing weary, an agreeable little surprise was offered to the invited guests in the shape of a capital collation, among the consti tuents of which sundry baskets of wino formed a most grateful feature. Over all presided Major Peter Fritz, the announcement of whose name is the invariable preface to "a feast of reason and flow of tout." Tho company dispersed only when the paling stars Indicated the approaching adyent of another day, Arrest of a Shoplifter.—Yestorday morning, a man giving his name first as John Davis, next as John Wilson, and lastly. as "more than I can toll," was arrested for stealing sundry small arti cles from the counter of the jobbing house of Messrs. Dunton k Ninesteet, at Second and Mar ket streets. He had a travelling bag with him, into which ho thrust the articles as ho took them. The bag contained elastic waist belts, dagnerreo typo eases, portmonnaies, gloves, watch crystals, gold rings, business cards, vietorines, and cuffs. When ho apeared before Alderman Eneu, at one ho hod t9rn up his coat and shirt, and appeared to be ininkne. When tho aliiatman urged upon him to givp his name be burst into tears, and said that he would not disgrace his family by giv ing it. He threatened to tear up all his clothing if ho did not got work. He had been tol , few York, and had come to the city on Tuesday. He states that he was formerly in the employ of Rogers, ,k Franey, in Market street, as porter. The alderman committed him for a further hearing. Temperance Movements.—Tho first of a series'of meetings. under the direction of the Sons of Temperance, will be held this (Thanksgiving) afternoon, at Concert Tho Grand Section of the Cadets of Temperance has closed its annual session. The following era. cars have bean cleated to servo during the en. suing year; Grand Patron, Win, Davis; O. V. P., Charles Massey; Graad Secretary, D. E. Den nison; Grand Treasurer. W. Seddinger; 0. G., J. McClelland; Grand Chaplain, J. Schaffer; G. W., W. Rood. Considerable interest has been evinced in the youth of our city and State. Now applications fur charters have been granted. The constitution has been revised apd improved. New forms and ceremonies La:a been adopted, and alto a new style Of regalid. " ' Thanksgiving Day at "The Northern Home." —Every one interested ip the care taken of the hundreds of friepdles.s children that are picked up from the highways and byways of our city and sent to the isorthorn home, will be gratified to learn that the managers have kindly contributed the Cl ettrraB for a " Thanksgiving dinner " for the ono hundred and twenty little bop and girls now under their control. The community gene rally aro Invited to be present this afternoon. front three to five o'clock, when interesting once- Ci3o9, by the children, will take place. The Home is in front of the House of Refuge, at Brown and Twenty-third streets. Steamboat Burnt.—The steamboat Oscar Thonmson, attached to the Gloucester Point Ferry Compaity, ,One burnt to the water's edge, about II o'clock yestefilq Suo;tlng,'whtle lying, at a idol at Gloucester Point. This boat was formerly the Icent, end ran lAtween this city and Dover, Dela ware, and intermediate places. Several years sines, it was sold by Colonel Charles Render to several gentlemen, slime which time it was rebuilt, and was perhaps the slowest steamer on the Pete scare. She is estimated to be worth $7,000 or $B,OOO, and we understand that the loss is covered by insurance. The fire is attributed to accident. Ire advise those who are fond of music, and wish to spend a happy thanksgit ing everting, to at tend the grand concert of the Choir of the German Lutheran Church of "Zion," at the corner of Fourth and Cheiry streets, this evening at •iI o'clock. The choir h ill be assisted by Professor Rohr and Madame Leibing. Professor Enna will president the organ, and a grand musical entertainment may be expcoted. - Switifn Death.—Coroner Fenner was notified last evoning 'to hold an' impleat on the body of a man named illiehaifi Campbell, whit died'arfildhnly at Mrs. rtaulan'sheuse,Sontb street, below Soren tcenth, - TID MONBY MAf~E?: PHILAiELPRIA, NOT. 23,195; In our article of yesterday we foreshadowed the results of the evidently growing uneasiness of Go people as to the banks in England, and before ear paper wont to press our forebodings of Anther trouble were realised in the telegram of English news by the Vanderbilt. We have no faith what ever in any permanent relief to result from in over-issue of notes; but the blunderintgr' )od faith and blind confidence of John Bull is proverbial, and if he only believes that a deluge of one-pound notes will save the country, whether that bank can redeem them or not, perhaps be will be mired of his fright, and thus the panic will be ended, on homoeopathic principles, bye little more of the cause that produced it originally—too ranch paper currency. To those who have regarded the patient acquiescence of the British nation 2.11 the ruinous and contradictory measures of the Govern ment and the Bank of England during, this cen tury, neither this nor any other exhibition of cre dulity will occasion sarpri.•e. As instances of some of these arbitrary exactions, we may state that the laws aro on record by which it was ordained that notes of the Bank of England should not, by any means, be received or paid "tor leo than the amount of lawful money expressed therein, under a penalty of being adjudg ed guilty of a misdemeanor; and that the cur rent gold coin should not be received or paid for more than the true lawful value. A man named De Tonga was actually tried at the Old Bailey, in 12, for %misdemeanor in selling the current coin of the realm for more than its legal value. It ap peared, on the trial, that he had told guineas of standard weight, as lieht coin, at 2-18. dd. each Guineas, which by law were worth only Ne., were sent to the Continent and sold at 295. each, and the Bank of England itself, having on hand a large quantity of Spanish dollars which would tot eima late, obtained Government permission to stamp a small head of George 111 upon that of Ferdinand of Spain, and to issue them at 6s. 6d. each; a pro. oeeding which gave rise to-many effusions In the style of the modern Punch. We give a specimen—, " The bank, {o make dollars in currene7Piat, Stamp the head of a fool ea jhe neck of eta us). The Gosertior of the Bank of England testiSed en oath, to a committee of the House of Commons, that be " could not sea how the amount of bank notes could operate upon the price of bullion or the state of the exchanges; and be was therefore of the opinion that the price of bullion, or the state of the exchanges could never be a reams) for les sening the amount of bunk notes to be issued." - . We fear that a considerable time will elapse be fore the result of the increased paper issue in England will be known, though we have not the slightest doubt that, if our own banking system b at once reformed, with a view to the reduction of the circulation, and the total exclusion of small bills, we shall be gainers to an incredible degree by this unsound movement to obtain temporary re lief in England. Gold will go wherever it is most valuable, and just u we drove it out of eireulation in America, by over issues of paper, so will it be driven from England. As the basis of healthy trade, and the justification for enterprise and en larged business, we should use every means to in vite it to our shores; and the surest way to do this is to abolish paper•money, except, perhaps, in large notes for convenient remittance. The stock transactions of the day show that the operators either regard the news as favorable to American enterprise and trade, or are so deter mined upon forcing up the prices of stooks that nothing shall damp their ardor. Almost every kind of security improved in price, and the till-M -uttons were quite considerable in amyl:tot, The money market continues to work gradually easier, notwithstanding the report of the shipment of a million and a half of gold by the steamship Asia today An Liverpool. • The first effect of the Vanderbilt's news upon the moneyed interests in this country will probably be to cause the New York banks, and all Whose action depends on theirs, to defer the resumption of spe cie payments until the foreign exchanges and financial aralra abroad become settled, and the course of money matters generally, under this new complication, is somewhat clearly defined. As a matter of curiosity, we publish the follow ing compilation of the history of the Bank of Eng land troubles in 1825, when the one-pound notes were re-issued as a last resort to avert total suspen sion: Soon after the passage of what was called Peel's bill, in 4819, which provided for the gradual re— sumption of specie payments by the Bank of Frig land, (suspended since 179 T,) the bank began to accumulate their stock of gold, which at one time amounted to the enormous sum of £20,000,000. Final resumption took place on the Ist of May, 1823. In February, 1325, the specie was reduced in amount to £8,857,000, and by the end of that year. while the circulation was £20,000,000, the means held by the bank for its payment in specie consisted of only .£.128,000 in coin, and £.001,000 in bullion. It is beyond the power of words todeseribe the general consternation of the metropolis at this period. No event ever gave so great a blow both to trade and public credit as this crisis. An nub versal bankruptcy was expected. The stop - pip of every banking house inlondon was looked for; and the whole city was panie-struek. Confidence, and credit were entirely suspended. One of the largest Northern country banks was first to give way to the general pressure; and the alarm, once excited, soon became general all over the kingdom. In six weeks seventy banking establishments were destroyed, notwithstanding the very large advances made by the Bank of England. and the run upon the bank for cash to supply the wants of the country banks was so heavy, that, to save itself from absolute failure, it had recourse, with the consent of the Government, to an issue of one-pound notes, amounting to upwards of one million. The bank asked for an order in Council to re strain the payment in gold, but thfis the Oovern ment resisted from first to last. The issue of the one-pound notes (the lowest de nomination put out by the banks for over thirty years bad been .f. 5) gave relief in this manner. The public received them in exchange for those of the provincial bankers, and thus the demand for bul lion from the country ceased, while the city hold ers of £5 notes received in exchange, whoa they presented them for payment, five .C.l notes, which satisfied them to same extent for the moincht, and the easing off of the country demand assisted (hi bank in meeting the city demand for specie until the force of the panic began to subside. Daring this period, which lasted but a few weeks, the Bank of England sustained a law in the repur chase efbullion to the amount of half a million of dollars. The testimony of Mr. Richards, the Deputy Governor of the Bank, to the Committee of the House of Commons, a few months afterwards, is worth quoting even now. It will be remembered that a published table of the schemes and bubbles projected in 1824, showed their number to have been 243, with proposed capital to the amount of 51,240.000,000, on which the sum actually paid up was $215,313, 000, and the balance due at the close of 1825 was $784.657,000. However this statement may astonish dupes and speculators, it is not exag gerated : Mr. Richards says, a That in the autumn of 1825 tho bank began very seriously to contemplate what would be the result of the speculations and of various circumstances that were going forward. That increased in October and November, when there continued to lie a 'Very: great demand tior gold, and advanced down to the first Saturday in December. Not only the bank, but every man's mind connected with the city, was in an extreme state of excitement and alarm. I recollect on the first Saturday in December, having come home after a very weary and anxious day at the bank, receiving a visit from two members of this com mittee and one of our bankers, at my own house, stating a difficulty in which a banking house (Pole &Co ) near to the bank was placed. They had gone so far as to take care of the clearing of that house that evening, so that it tnisht fulfil its en gagements, and the object of their visit was_to ascertain what would be my views oapon the subject. I was called uprna because the Verner was particularly 'eonneeted 'with tto bouso of Polo & Co. by marriage, and other cif. curnstances of relationship. After speaking upon the subject for some time, I ventured to encourage these gentlemen to hope that, upon anything like a fair statement, the bank would not let this con corn fall through. It was agreed that, on the fol lowing morning, (Sunday,) the three gentlemen who had called upon me should meet as many directors as I could get together, at the house of one of the committee, and that. in the mean time, some eminent merchants, friends of the hawse,. Amid also be called to the meeting, to assist with their opinion. We so met, and after hearing all the facts. which were collected in the first instance by the bankers and the merchants present, the directors authorized I their chairman to say that assistance should not be wanting. It was agreed that £300,050 should be placed at the disposal of Pole S Co. the next morning, for which the bank was to receive, and did receive, as securities, a number of bills of exchange and notes of hand and, over and above, a mortgage of Sir Peter Pole s property, which was to ride over the whole. They fought it through till Thursday or Friday pretty manfully, wad •up to Saturday evening, when their position was snob that withoat the tssistance of the same eminent individuels'wdo had 'taken part before. the clearing would not have gone right. Sunday palled, and on Monday tuonang I the storm began, and till Saturday night it raged with an intensity that it is impossible for me to de n Ou Saturday night it had somewhat abated. The Bank had taken a firm and deliberate resolu tion to make common cause with the country, as far as their efforts would go. In the following week chines began to get a little more steady; and by the 24th, what with the cne-pound notes which 11t1 gone out, and other things, people began to be satisfied; and then it was, for the first time for a fortnight. that those who had been busied in that terrible scene could recollect that they bad fami lies who had some claim upon their attention. It happened to me not to see my children for that The Lehigh Coal and Navigation Company bare declared a dividend of three per eeht, e 4 9 ,11 t 9 $1 50 per share. An exchange paper mentions seeing the largest check this morning that has ever been suet with in its Wall-street experience. It was for $1.320,- 485.30, drawn by the New York Life snd Trust Company, and certified by the Bank of America, payable in current funds, to the order of J. A. Palmer, receiver of the North American Trust and Banking Company. It represents the means of that bankrupt institution. which have been paid into the Trust Company, principally in small eums, during the last seventeen years, and have peen cecumulating at compound interest during that time; - until Lae Anal disposition of the law proceedings has enabled the receiver to draw oat the amount, to pay the sums over to the rightful Owners. Tbe provision brokers of Baltimore have agreesl to form an exchange for their own egipediel 4441 liAd those iptereated ill the trade,
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