THE PRESS, rCEUBHJD DAILY (SUNDAYS EXCEPTED), . IST lOHS W. lOKNIY, OFFICE,' No. 11l SOOTH FOURTH STREET. IHK BAHT PRESS, FifTIJM Cuts Fbr Week, payable to the earrler; milled to Enbaerlbere ont of the olty at garar Doliars Per AjrjrUMs Thbeb Douaks and Firry Certs for Six JHotiyJta: Ox* Bom.ak a.vd Sevestt-fite Cssra for Thbks MOXl**» lOT&rlably In advance for tbe time or dered. HOT AdTMtiaements inserted at the aanal rates. Six lines eonstltnte a eanare. THE TRI-WEI’.KI.T PKKSS, Hailed to Sahteribere out of the city at Four Dollars Psr AiWK, in advance. / COMMISSION HOUSES. ■jpTORA.CE H. SOULE, JTJL COMMISSION MERCHANT. Ml NORTH FRONT STREET, MUjADELPHIA, Axentforthe BAXONVILIiE MIIILS BALDWIN COMPANY,' WILTON MANDFACTDRIh'O CO.,’ ABBOT WORSTED COMPANY. CARPET WORSTED AND YARNS, fine Worsted, In colors: Nos, 12s and26s. Jute Yarns, COTTON YARNS, In Warp' and Bundle, manufactured by 2 Ali HIS Ei J 3 • PKALL, OAKMAN, end other well-known Mills. CAKPETS. CONTINENTAL AND VENETIAN LINEN THREAD. SAMPSON’S ATIQYLE, VINCENT MILLS, : MCDONALD’S, BATIN-TINISH BOOKBINDERS’. CARPET THREAD. l'or»l«Br _ HORACE H. SOULE, 33 North FRONT Street. ~ gHIPLEY, HAZARD & IIUTCIHINBON, Ko. na CHESTKOT STREET, .' COMMISSION MERCHANTS, FOR TUB UU OF tuylS-Sm] PHILASEI.PHIA.-MADE GOODS. in RAIN BAGS.—A LARGE ASSORT- O" hunt of oeaih bags, ln vlrloaß Bliss, for .ale By BARCROFT h CO.. So*. 405 and 401 MARKET Street. SILR & DHT-tiOODS JO! SHABLEB WATBOS. PKAKBLIS JAKH2T. BILK HOUSE. WATSOS '& JAMEY, *O, K»3 MARKET STREET, TOOUHAIB SBAIiBBS Or SILES, ■ DRESS GOODS, SHAWLS, WHITE GOODB, EMBROIDERIES, &C. To whloh Uur roapaelfuUy laYlto ths attoutloa of ’ QE 6 GKAN T, No. 610 CHESTNOT STREET, Has now ready A LARGE AND COMPLETE STOCK OF GENTLEMEN’S FURNISHING GOODS, H his owe importation and manufacture. His celebrated “ PRIZE MEDAL SHIRTS,” ' Bn " Mtn “ d “!&% 6 .T A “r s o f - KFormerly of oidenberg & Taggart,) rt the most perfect-fitting Shirts of the age. _ MS* Orders promptly attended to. jalS-wfmfim PRING AND SUMMER ENTIRE NEW STOCK , . -/ KDEBCLOTHING. THE LATEST NOVELTIES IN iENTLEMEN’S furnishing goods. McMRE & BROTHER, (SUCCESSOR TO HILL * EVANS,) 035 CHESTNUT STREET. The “Model Shoulder-Scam SMrt.” mf4>wfm4m • ■ ■ ■ - •• 1 & 8 NORTH SIXTH STREET, JOM C. ARRM, MANUFACTURER OF IMPROVED PATTERN SHIRT, £;' * ' , ' ! - ' FIEST'OTT BY J. BtfEß. HOOKE. ’ABBiKTBD TO KT AND GIVE SATISFACTION. IX so, Importer and Manufacturer of GENTLEMEN'S tJRNIBHIK Gr GOODS. S, B. —All articles made in a superior manner by hand id from the beat materials. apis-6m 'INE SHIRT MANUFACTORY. - The subscribers would invite attention to their .. IMPROVED CUT OP SHIRTS, rhich they make a. specialty in their business,. Also* ionstantlyreceiviiu?: • - " " KOVELTJBBSOR:GENTLBMB*rS WEAR, ~ ■-« «T. W. - 4 * ’ Fonr doors below ; th.e Continental. 4 RAY’S PATENT” ~ MOLDED CO LT..ARS * lave now been before tho’ a year, hey are universally pronounced the neatest and ,besfc-. ttlng collars e^Eant. The upper edge presents a perfect curve, free from the ogles noticed In ail other collars. v. The cra vat causes no packers on the insJde of the turn-* own collar—they are AS SMOOTH INSIDE AS OUT ID E—and therefore perfectly free and easy to the, neck. Tho Garotte Collar has a smooth, and evenly.-finished 3geoaßOTH SIDES., •■•. ’ *• •><•••' ;i These Cotlafd‘are not’simply, flat pieces of paper cut n the formof (0 FIT THE NECK. v - V . •* “ - . They are made in * VNoveUy” • (or tnm-dqwn style,) \ every half sigefrpm.K to 17 Inches,‘and In “Ed c‘ka’ ■ (or Garotte,) from 13 fo 17 .Inches, and packed in ‘yolid sizes, ’ * in neat,blue cartoons, contain* lOOeach; Iso, in smaller opes, of-10 each—the latter a very handy ackage for Travellers, Army and Navy Officers. A&- EVERY COLLAR is stamped “OHAY’S PATENT MOLDED COLLAR» Sold by all dealers In Men’s Famishing Goods. The radesnpphedhy VAN DUSEN, BOEHMER, & CO., .iporters and,'Wholesale Dealers in Men’s Furnishing Goods, , ' 621” CHESTNUT Street, mh3o-wfm3m Philadelphia.' ITS & WILLOW WAKE, 1864. WHITE & FECHO, ■WHOI.ESAIjE DIIAI.EKb IN - ' VOOD AND WILLOW WARE, 4S*5 MARKET STREET. Brooms,-VaUarTabß, "Wash-Boards, Ba4kdts,;Uhil 6a‘a Coaches tfnj&Xkaira, Table and Floor Oil Cloths, oci£S and Tie, Yarns, Wick, Cord *, Carpet (Jiialnj, Titles. Cotton Yarns, Wadding, .♦'on Laps, BatU, iroiV- ■■ jfKKNOH AKD O>C>TA-N FANCY BASKETS. .Agent* far the HALEY, MOUSE, & BOYDBN * - : -LLf-ADJUSTINQ CLOTHES WHINGER. ap]f»-2m : GROCERIES. ' r & os. 13(/ tftiil 132 iVortli Wharves, amove arch street, WHOLESALE DEALERS PICKEKU AND DRY FISH. * large Block, la assorted packages, saltablefor Conn ’Trade, always oa baud. ap2l-2in RCHEE - • S°- 13 S 0 2 h WATER S,r6ot and .. > E°.,40 S«rtfi,DELAWAHE Ayeoae, tor sale. &X the Lowest Market Prices, a large &Rt'.£§ SES - COFFEE. EEAS. fcPJCBSt TOBACfIO iSfrytr«aJ i6B f< * B ! , ? Uy ’ “refally noloclod for {ho Idle Ayeuts for tho prodocU of FITHIAK Si FOGTJE’B steoßlYo Fmit Cannim Factory at Briffieton. H. jf H>ys»opi jfACKEREL, HERRING, SnAD, tfcc. 2,500 bblh Mars, Nos. 1,2, and S Maekorel, lata nabt fat fish, in assorted packages. VQuO übU New Eaatport, Fortune Bay, and Halifax ‘TtIV.X, !,60p boxes Lubec, Scaled, and No. 1 Herring, ffl bblft new Mess Shad. M.boxes Herkimer County Cheese, &c. n store and for sale by MURPHY & KOONS. a!9-lf No. I*o NORTH WHARVES, lICKLES.-100 BBLS. PICKLES IN VINEGAR. Wiialf hbln. IMckles!u vinegar. Also, th.ree*tfallott and five-ifalicm keg's do. W le by RHODES 4 WILLIAMS, . *l2B 107 Sonth WATER Ktraefc. WIXES.ANI}_I.SSIUORS. n BARRELS YOUNGER’S ALB. 1/ Bt. i«»'« Brewery, Injusts.. . n More, aad for saighy WILLIAM H. TEATON SCO , aOlSonth FRONT Street. if) OASES riNET, OASTILLON, & I'J CO’S COO (f AC BEAKOTilandin* from brl* IOQtSi ’ ’ from Bordraax.' For skU by * rl * r; WILSJAMH. YEATON&CO„ |>4 . »01 Booth FROST Stmt. YOL. 7.-NO. 261. CERTAIN ODORS, J E. WALRAVEN, (SUCCESSOR TO W. H. CARRYL), MASONIC HALL, ’ifie chestnut street. WINDOW CURT A i.isr s ISIEKS. 'MANY HUKDRED NEW PATTERNS TO BELECT j - .FROM. ■ ' WAIiRAYEN, 710-CHESTNUT ST» mya-tf; - ■ p. keely, . ; JOHN KEIiliY, ; TAILORS, No. 613 CHESTNUT STREET, mh.l9-3m RATE 142 SOUTH THIRD STREET. Hare nowon hand a complete assortment of SPRING AND SUMMER GOODS. ap26-tf is.--.. 1864. CLOTHING. LATEST STYLES. WILLIAM S. JOAES, MERCHANT TAILOR AND OLCJTHIER. • t f-' ■ -■■■ ■; •' 1 • .■■-•••E SOUTHEAST CORNER OF SEVBNTH AND MARKET ■ STREETS, ■ PHILADELPHIA; ■ ■ tuTßff«P«ttenlfon--"to hie ’ .. magnificent stock of' FINE CLOTH- ' INC, Sot up in superior stylo. By taste.'; fat and experionpjnisutWs; and offered * far Bale at exceedingly ' LOW PRICES. Also, to his largo and choice Tarlety of PIECE GOODS for CUSTOM WORK, embracing selections from the finest productions of . both foreign and do mestic manufacture. WILLIAM S. JONES, SUCCESSOR TO ROBERT H. ADAMS, Southeast corner of SEVENTH and MARKET Street*. *PIO-8m -■■■■. r ■ fILOTHING. . .. ••) OF 1864; - EXTENSIVE CLOTHING HOUSE, 'Nos. 803 and 808 CHESTNUT STREET, oa • = .cj ■ . The facilities of this house for doiwr business \ .gj are such that they can confidently claim for It y O . tie leading position among the- Tailoring-Be- *E| g tablisiments of Fluladelphia. Tier, therefore! § ■gt -Invite tie attention of gentlemen of taste to sf their superbstockol ® * 3' »- •- « £ BEADI-MADE CLOTHING, c d • p tutby the best artists, tiimmed aad madeoaual . trj-,' to Customer Work—AND AT v £ ~ ’** v' * .. .v ■■■ *.- R 3POPXJX.AB PRICES. .• i ' “;: ■.§<’! They leva also lfiely added a CUSTOM DE- y ,0 PAKTMEKT, where the latest novelties may he 9 £ taind.'emhractat scSefresh from London and to. Pari*. I . -fc ? ■ t ~' 1 W ’ '■ ' PEIiRy. St ■ CO., 803 and 806 CHESTNUT STREET. CUSTOM DKPABTMENT, 303 CHESTNUT STREET. &p4-tf & CO™ N. E. Corner of FOURTH and RACE Streets, WHOLESALE DRUGGISTS. IMPORTERS AND DEALERS IN . ' FOREIGN -AND DOMESTIC • WINDOW AND PLATE GLASS. ; XAXtryACTPSEEe on WHITE LEAD AND ZINC PAINTS, PUTTY, So, AOBKTS FOB TBS CELEBRATKI. _ FRENCH ZINC PAINTS. Dealers and consumers supplied at : - = myiS-tf VERY'LOW PRICES FOR CASH. cabpje™(;s. CARPET WAREHOUSE. the subscriber has just received a wall-selected stock or ENGLISH AND AMERICAN CARPETING S, FOE SPRING TRADE, JOS. BLACKWOOD, ghte-Sm 83SI ARCH STREET, BELOW NINTH. ENGLISH VELVET AND BRUSSELS CARPETINGS, of best manufacture, Imported and for sale at lowest Cash prices, by ■ , It. L. KNIGHT it SON, navlO-lm 807 CHESTNUT Street. UNGLISn CARPETS FOR STAIRS . aB ? Halls, just received, beet quality, all widths, In Kreat variety. H. L. KNIGHtf Ji SON, -mylOlra - 807 CHESTNUT Street. CABINET FURNITURE. OABINET FURNITURE AND BIL- C/ UAKD TABLES. MOORE & CAMPION, No. 261 SOUTH SECOND STREET, in connection with their extensive Cabinet bnslnese,are tow manufacturing a superior article of J3U,LIARD TABLES, ind have now on hand a fall supply, flnlshed with the MOORE & CAMPION’S IMPROVED CUSHIONS , /rhich are pronounced by all who have used them, to •» superior to all others. Forthe Quality and finish, of •keae Tables, the manufacturers refer to their numo ;oub patrons thronffhoat the Onion, who are familiar *Hh the character of their work. > aplD-8m - LOOKING glasses. JAMES S. EARI,E & SON, 810 CHESTNUT STREET, PHILA., Have now in store a very fine assortment of LOOKING GRASSES, of every character, of the VERT BEST MANUFACTURE AND LATEST STILES. OIL PAINTINGS, ENGRAVINGS, apSO PICTURE AND PnOTOORAFH FRAMES. rybD,GOLD AND SILVER WANTED ” for which the highest cash price w'llf be paid. hv . LEWIS LAjpOMUS & go . Diamond Dealers aud Tew? eters,tHo..SoB CHEST&UT Street.: wySHt PERFUMED PARLOR MATCHES,— Just received 25 additional canes of these celebrated (Utzander’s) Matches, for sale to the trade only. •tp2T.em ROWE& BOSTON. 157 & 199 JH. THIRD St, AT OLD PRICES. CLOTHING. (JONES’ HOTEL.) PHILADELPHIA DRUGS. PHILADELPHIA, TJLE CASIDEX AND AMBOY RAILROAD CO. l.ettcr to tlie Editors of (He New York Evening' Post, in Keply to n Cltizcu of New Jersey. BY H. F, STOOKTON. To the Editors of the Keiti York Evening Post: Princeton, Hay 25,18G4. Tlio second letter, of your, correspondent, a “Oltl zen of New Jersey,?’ Las recently been brought to my notice. That letter is of marked ability, and its spirit Is liberal and friendly; yet there are portions of it ex pressing sentiments in which X cannot concur, and which I cannot suffer to remain without dissenting comment. I rofor to the following paragraphs, among othors: -. “ Viewed In the light of the present day, and from tlmt advanced point which wo have reached in tlio march of internal improvement, It Is easy to con demn them." (Exclusive privileges.) 11 1 (un willing to admit, as a general proposition,, •thatlaws conferring stick, (srcitisipc privileges-cither? on individuals or corporations arc unwise and inespe dient. ■ “ Monopolies are deservedly odious; not only in •this.-country, bat in that also from which wo do-, rived our laws and Institutions, they havo always ibeen -tho peculiar objects of popular jealousy and popular complaint. The lofty spirit of England’s haughtiest sove reign was cowed by the olamor which |hor monopo lies invokqd from a House of Commons usually sub missive.'? ' , “Tho Citizen counfounds the monopolies granted by-tho-Tudors and Stuarts of England (when the Crown oxoroisod despotic powers Incompatible with ' the principles oi a constitutional government) with thoso privileges granted by the Legislature for a -limited time to secure some great benefit to the country at- large. The analogy between the two is very imperfect.' The: one was usually granted to court rat oriles, for a corrupt consideration, and was . an odious burden on the people, without any ooni .pepsating.advantago to them. The one, also, was by virtue of. an illegal stretch of prerogative, and frequently,granted In the teeth of I’arlhutumtary f remonstrance,;. The other owes its origin to a desire to promote the public.-welfare; to developo State wealth, and supply the State treasury; is limited in duration; and reyerts to the State when the limita tion, expires, if the State, for the-stipulated con sider'd tion,choose to become its solo proprietor. .. vr'Tlie'wiso men who framed tho Constitution of the .-(United States were well versed in English history, '-The struggles of their ancestors with the Stuarts . were fresh in their memories. They knew what monopolies the Eliots, the Fyms, the HampUons, and the -Republicans of their day denounced; yet they .approved the grant of exclusive privileges when made for the public good, - . In section Bth of article Ist of tho Constitution of the United Stales, we, read,, that “Congress shall have power to promote the progress of science: and tho useful arts, by,securing for.limited times to au thors and inventors - the -exclusive right to their re - spoctiTo rights and discoveries. 1 ’ No one will question-the justice, wisdom, and sound statesmanship, which dictated that provision of the Constitution, nor,will deny that its influence on the prosperity and advancement of industry and the arts has been most salutary. - . In mytprevious letter, to, you I took a, general . view.of the origin of .the joint companies, and the" principles which influenced the people of New Jer sey in adopting their peculiar, system of internal:: improvements. I did not sufficiently for-mv owuv satisfaction vindicate the wisdom of their aetiomat" that epoch—thirty years ago. - . ~ -: - But Jest 1 may be considered among thoso who stigmatize their policy.as unwise and-inexpedient, I propose through your -columns to show: that-the ■ policy adopted by New Jersey in 1830; is a-wise and"- just policy, and incapable Ql" any proper Jmpoach-, ment. ■- f I thought that policy sound-and judicious-then, and I continue of tho same opinion nawj fndeed, 1 think bettor of that policy now: I believe'that, all things considered, in the light of thirty-yefe expe rience, the action of IS3I was UK)'! U'ISC. In rela . tion, however, to the concessions i of: ‘?A Citizen of -New Jersey,” I must be permttted-to enter my pro test. *- It is an abuse of language to confound a priri .legy,.right, or franchise, purchased for a valuable 'Consideration, with the- odious monopolies granted tolcourfc favorites .by -the? English kings, when tho prerogativo-of tho monarch was made to override the law,.oPtlae land; the rights of freemen, and the ®'“Srajitifcen of> New Jersey” has clearly (through ..leadvortonce,perhaps)fu) ton into this common error. And it-is to correct thismistake, that lagain intrude upon your-columns. T deny that the exclusive pri vilege granted to the New Jersey companies is a numoiwiy 'm that odious sense imputed to it by tho . “ Citizen.’.’ . . “It is simply a franchise, granted foraiimitedtime, and ior a lair equivalent or annual rent. The State of New Jersey has leased to the Cam den and Amboy Railroad Company the occupation oj the route on which their road is built, -for transpor tation by railway of freight and passengers for an annual sum,-to be paid, in proportion to the business done. > The tenant of.a land proprietor, who leases for a termoi years at a rent to be paid in proportion to tho products raised by him, is a monopolist, if tho railroad company can be properly so called. . So far as respects the people of New. Jersev, the application of-the term monopoly to tho privileges, oi the Camden and Amboy Railroad Company is ' most palpably false in fact. For the State.of New Jersey is covered with rail roads, traversing every county, and all built sines the construction of the Camden and Amboy Rail road. - •• . Railroads are built-in New Jersey (as in other - States) whenever the people ask for thcm;-,when ; they do not conflict'with the exclusive privileges of the Camden and Amboy Railrood Company; which - ' only applies.to railroads connecting New York and ■Philaaeiphia. -T Hardly a session of the Legislature - - elapses that tho grant-of a railroad charter *is not - ..oonceded. . The-Camden and Amboy Railroad Company en-: ■ Joys no monopoly of-railroad priviiegesiteiNew-Jenif sey; capitalists.are free to make them ‘ Where -they -please, except on the route already appropriated arid, occupied by the Camden and, Amboy - Railroad, for which appropriation that company has paid, and con tinues to pay, according ■ to the extent of Us business. : The franchise of constructing a railroad on the par ticular: route between the cities of New York , and. Philadelphia, would not, even if no oon ■ tract had ( been entered into With the railroad .company to that efleot, havo -been disregarded. Ordinary - good: faith forbids tho -- authorization , of one road or canal on the same route withanother, if the proprietors of the original franchise faithfully. :comply with their duties to the public. The ground oi pno franchise is, in all cases, morally exclusive of other similar franchises in tho same locality. - The contract made by New Jersey with the Camden and Amboy -Railroad Company merely puts into ..words a principle which is morally:implied in all similar cases. • • - ■ - ■■■ -In my former letter,.l declined the discussion of -the validity oi tlie exelusivo privileges of the joint •COtnpanies, because-1 considered: it resadjudicata. -The decisions oi the courts of.-Now Jersey, and of the. Supreme Court oi the United States, are con “clukive on this subject. -/ r: -. .. -Rut I may be excused for reviving the recollection . ofrwhat. the .Supreme -Court of the.'United States said-in .case,-thirty-seven years ago. I: refer to the case oi Gibbons-against Ogden, reported jn ninth volume of "Wheaton. - ... The State Of-New York had granted to Livings ton. & Fulton -the .exclusive right to navigate with •-Vessels, propelled by steam the Bay of New York, . and the arms of the sea adjacent. A steamboat ar ■ riving from foreign ports, or from another State, though licensed under tho navigation laws of the United States, was forfeited by the laws of New York for infringing the rights of Livingston & Ful ton. The Supreme Court declared these laws of New York invalid, because they conflicted with the ■ exclusive right vested in the Federal Government by the Constitution to “ regulate commerce with foreign nations, end among the several States.” Bub the Supreme Court in this ease, expressly de cided that Congress could not, underfills exclusive ' right to b regulate commerce with foreign nations and among the-several states,”- interfere with a commerce tyhollywithin a single individual State. On pagO jlE®, ninth volume:Wheaton, Chief Jus tice marshall said: .‘•The completely internal com .:merce..of a lstate, thenpmay be considered as reserved foriUte Slatc-.ilself.‘>.- - Andwigaln, page 203, he said : “ hispectiomlaws, health laws,'of every description, as u-cll as la ws for regulating the internal commerce of a . State, and those which respect turnpike roads,ferries, ;&c.,jyc., arc component parts of this mass ; nodirect power is gi-anted to Congress, and consequently they remain subject to State legislation*- It is obvious that it Jerries btflkon two States are subject exclusively to State legisiattonpmuch more must be railroadsand canals, the termini of which arc within a single State. - . Soon after the completion of the - Erie Canal, an officer of the United States customs claimed the right to require. the canal boats to take out licenses under the laws of the "United States." The Governor ■ of New York at the time donied the right of the Federal Government to interfere with the internal commerce oi a State, and the people throughout tho State expressed tho greatest surprise and' indigna tion at the assertion ot any such clatm by the Go vernment of the United States. The Government became satisiled that it .had .no such right as that claimed by the Government official, and tho mea sure was abandoned forever. Governor De Witt Clinton, m a message to the New York Legislature, dated Albany, January 2, 1§27, says : “Another at tempt, as futile as the tonner, has been made by a custom-house collector in the West, to apply the revenue laws of the United States to the navigation of tho Erie canal. It does not appoar that this pro ceeding has received any countenance from- higher authorities, nor can It for a moment bo believed that a claim, so preposterous in its assumptions and so pernicious m its results, would! at any. time be en couraged in any quarter.. As the spirit -ot internal improvement is rapidly extending m .overy direc tion, it. has become a question of groat moment whether the General Government has power, with or without the consent of the State Government, to construct canals and roads in tbeir territories, and whether such power, if not already: vested, ought: not to be granted... High authorities are to bo found on both sides of this.question, and, after devoting to it all the consideration to which from its importance it is entitled, I think it due to a sense ot duty to say that my opinion is equally hostile to. its possession or exercise by, or Its investment to, the national au thorities. I con perceive mit nothing loss than the harbinger oi certain destruction, to the Stuto Go vernments, • * - * . * « As.weli might Congress take cognizance of agricul ture, common schools, universities, penal codes, civil rights, and-tbe whole range of local and interna! . regulations, as of roads and canals.” - In 1830 tho recollection of tho blockade of tho At lantic coasts by British fleets was fresh in the me mory of tlio country. It wasnot anticipated that, in tho Hie of any then living, tho United States would havo a navy sufficient to protect our soacoast from : blockade in case of awarwith any of the chief mari .tiino Fowors of Europe; communlcation between tho Northern aud Southern States would in that ovont be subject to interruption and ruinous dolay. Tho Delaware and Raritan Canal, therefore, connecting Now York and Narragansot Bays (with the aid of ."the "Chesapeake-, and Dismal-Swamp Canals) with .Albemarle Sound, was esteemed of groat national importance; it secured with thoso auxiliaries a safe interior navigation from New England to tho heart oi North Carolina. : That tho policy oi. constructing this groat work through the instrumentality of a chartered company, and not by the State of Noivjersey, waaoininently judicious, the experience of a low years abundantly demonstrated; because it happened that for many years after tlio cana! was completed it yioldod lto re venue adequate to repay the expenso of its manage ment anil repairs; to defray that exponso tho rocelpt3 iron! tho railway were rolled upon. Had the State ot New Jersey cncumborcd herself with debt for tho construction ol tho canal, during tho long period that it iailed to produce revonuo sufliciont to pay tho • interest of the state debt and the cost of its annual repairs and management, popular clamor: would probably havo compelled Us sacrifice, as Pennsyl vania and Indiana wore compelled to saorliiec their public works. . I havo shown in my first letter bow tho construc tion of the Dclawavo and Raritan Canal bccamo in dissolubly connected with tho construction of tho Camden aud -Amboy Railroad, and. that neither- 1 would havo boon built unless all rlvalship between them had been obviated by a union, and unloss thoy hnd been, lor a time, protoctcd completely from all danger of competition. Tlio alternative was distinctly-presented to tho Lo-. gls!n(nrc of New J ersoy ofiB3l whether comnloto pro tection tor a time- against competition should bo granted, or'whether tTio construction of thoso works should be abandoned. The State, aiter tho subject bup boon exhaustively discussed, before the people,- and in-Uiehalls-ofjegisiation;balmy and deliborute-. ly, influenced, only by. enlarged and .statesmanlike - views of the public good, wisely, justly, and in: per lcct consistency with sound principles of legislation, pasmVthc necessary laws, conceding the .required PHILADELPHIA, FRIDAY, JUNE 3,> 1864. protection, and thus insured tlio speedy completion of these important improvements. Thocharters for the - canal ami railroad compa nies were obtained <1 speak of my own personal knowlcdo) without the uso of any other moans than tlioso of argument addressed to tho judgment and patriotism of the members of the Legislature; they were not granted In corrupt compliance with the de mands of a*‘ ring,” but they wore sanctioned from public considerations and Tor the public good alone. I have depicted elsewhere, tho condition of Now Jersey In 1380, without resources to construct rail roads or canals j tho Impossibility of obtaining tho popular sanction to do either, hor annual deplotlon by tho emigration of her young mon, Hor lands im poverished, *hor Industry paralysed, and progress nnd prosperity stagnating evory whore throughout her borders. I-say, therefore, now, as I said and thought In IS3O, under all the gravity of tho circum stances investing the subject, that there was no alternative at which the Stato should hesitate ; the public duty ttml State policy, and the goneral in -torcsts ot tho people of the State of Now Jersey de-. mantled that the Stato should adopt tho policy pro posed. confer the charters required, and concede Use protection necessary-to give thoso charters enect. .The wisdom,-justico, ami expedience of the action of 1830 and 1831 cannot In my opinion be Im pugned j under similar circumstances I do not hesi tate to say that tho Stato ought to do tho same now that she (lid in JB3oam!in 1831. The clamor of mercenary speculators, or of a sub sidised lobby of stipendiary politicians, who have consplrerl to ussnil the rights and character of New Jersey, should not betray her people Into a momen tary doubt concerning the wisdom and integrity' of the Legislature which established the present sys tem for the creation and protection of hor public works. Time and the bonodcial results of that sys tem are sufficient to vindicate tho sagacity of the £cop!o of New Jersey and the legislation of 1830 and The present generation cannot properly appreci ate the overruling necessities and wants thirty-threo .years ago: with railroad facilities in every county of Now Jersey, and tens of thousands of miles of railroad stretching in every direction, and 'now .lines still annually projected and put-In process of construction, few are able to weigh justly .the desti tution nnd poverty, of improvement which' every where then prevailed; all; too, until tho vote of General J ackson of the appropriation to the Mays villo and Lexington - Turnpike Company were look ing to the General Government , for assistance. At that time there were but two insignificant railroads' in the United States completed: now thereare more than 30,000 miles of railroad in the-United'States ,completed,and thousands of miles areeveryyear added thereto. ' ' ' ~ ~ . Tho successful completion-of the Camden and Amboy Railroad gave a great impulse to the enter prise of the country. The peoplo rolled,' thereafter, on .the efforts of associated capital-properly pro tected, Instead .of. relying upon the treasury ol the . Government. The success of the Camden and : Amboy Railroad, I have shown, was owing to tho exclusive. privileges conferred upon it, so that this much-abused exclusive privilege was one of tho secondary causes to- which the mighty march of im provement and the development. of the boundioss resources of our great country Is to benseribed, There were, insuperable-objections to tho State undertaking -the construction of-the canal, arising from geographical considerations. The canal was to unite the tidewater of the Raritan and Delaware .rivers; It: was necessarily confined, therefore, to the central.-eouuties; .the southern, northern, and east ern couptigs felt; no immediate local Interest in its .constrgjapft|.audywere.unwilling to be taxed to " confer.a Kcal benefit, on the central counties alone; sthey if ere willing to vote the-necessary laws to -.enable others to build those works, but unwilling to burden themselves for that purpose, especLally when the result of the proposed works was so wholly un certain. They tnd, therefore, under the circum stances, all that the people deemed it prudent to do ; they granted charters and passed laws which in -sured the completion ;ol the public works. Tkoy . provided that the projectors of those works should contribute of their gains to the State treasury, in proportion to their business; and they reserved the right ,to the State to take those works as her own alter a limited time at cost.. Although the companies have more than once of fered to surrender their charters upon just an libe ral terms, the people of the State have not heenpre pared or disposed to accept those offers.. They wanted further time to' consider the policy of assu ming a charge of such magnitude. . The experience of several States in the manage ment of railroads and canals has proved-that politi cians could not dcr ns well for the State with the public works.as they could do tor themselves. New ■ Jersey; although importuned by many to take charge of the,Delawure and Raritan Uanal and the-; Camden and Amboy Railroad, seems to-have deter-- mined to give herself, ample time to reflect upon tho policy of managing the railroad and canal through tho instrumentality of politicians, or leaving them, .as at present, in charge of incorporated companies. ; I will venture to say, however, without claiming to be a prophet, that it will probably be a far distant day when the State of New Jersey will find it con ducive to tho public welihre for her to assume the proprietorship and management of any railroad or canal; although I well know that every railroad charter granted by tho Legislature reserves to tho State the right to take the railroad provided for,, on. payment of cost. And this brings me to a brief reference to some of those moral and -political considerations... which, much more than the question of revenue and dollars and cents, determined -the action of New Jersey in -1830 and 1831-, . In 1880, the people of Now Jersey were, for the most part, an agricultural people; there was not then any city but Newark, which had grown to bo. beyond a respectable village, and Newark aas only a thriving manufacturing town ; the firms ■ were small, and wealth was confined to a .very limited number; the habits, tastes, and manners of ti® , people were, plain and irugai, and morality and virtue held in high esteem. The rapid, growth of wealth and comiplioa in the neighboring States had not contaminated the simplicity and- repub lican equality which everywhere prevailed in New Jersey,... But the public- men and reflecting minds.'in, New Jersey had perceived the demo ralization and deterioration ofTirtuß,-which already began to, be flagrant in those States'inowhich lavish ■; .oxpcnditures.for internal - improvements and vast State patronage Incidental, to State management cOf public works had taken place. Purticutarly, thoy had marked-the headlong and reckless precipitancy with, which .corrupt .demagogues bail plunged tho noble State of Pemisylvamarinto the vortex of enor , mous debt. This .career of profligacy and crime was viewed in New Jersey with horror and disgust. Our New Jersey lathers had taught us to beware of profuse public or private expenditures. They, taught< us that luxurious habits and reckless extravagance w ere incompatible with that, virtue- which alono could secure stability to Republican Government. Oui- people were educated into an unconquerable aversion to public debt; and tho only path to popu larity in New Jersey was by tho advocacy of econo my in the State expenditures. ' The whole cost ot the State Government seldom, in those years, exceeded $30,000 per annum. 'To talk to such a peoplo about the policy or wisdom of contracting a debt of five or six millions was to sub ject yourself to contempt. -If was a fundamental •axiom m New Jersey politics that a Stato debt was a State curse ; that nothing but war, of some other inevitable calamity, would ever jnstify a State debt oi any considerable magnitude. The people of New Jersey fully appreciated the value and importance - of internal improvement; they were unwilling, how ever, to incur tho danger and responsibility of en cumbering the State with a debt lor that purpose. They, therefore delegated to incorporated companies the authority to make the railroad and canal. They did so from a sense of dnty, founded on considera tions of sound; State polioy. • As I said before; the .rights and privileges .of.tbpse companies wore- not - obtained by,corrupt legislation; they were not-eon-, fexred as a favor to any particular corporators or-in dividuals. but for the purpose of improving the eon ■ dition of tlie peoplo at-large; of developing State re-' sources, and augmenting the State revenne. .- ' The men who were sagacious' enough to iaauguc rate the internal improvement policy of New Jer sey were substantial citizens,whose property con sisted, not so much in money ! and goods, as in lands and children." They acted from public considers-- tions as n»ieh as from motives of personal interest; and their successors aro now more solicitous to pre serve unimpaired and unimpoached the good name ot their predecessors than to increase their own wealth or popularity. Those persons who have assailed thotr policy and chnrysrs have been chiefly adventurers from other States, having no- interest in the welfare of New Jersey, and even those in Now Jersey, who have been their servile Instruments, have fieon, for the roost part, men -without any interest In the soil ot New Jersey, who could at any time swim the fer ries with all their woridlypossessions on their backs,. leaving the farmers and other worthy peoplo of the State to reap the fruits of their Iniquity. Umloubteuly, a vast change .for tUe worso has taken place in the morals of the people of tho United States within the last thirty years. In my humble opinion, that chango has been produced, in a great measure, by the reckless extravagance of State ex penditures ior interna! improvement. - Hud New York, Pennsylvania, Ohio, Virginia, and Indiana adopted the policy of New Jersey, they would not probably have been tho scenes of such stupendous profligacy as have characterised their halls of legislation within the last quartor of a cen tury. -. : There is a vital sympathy between the morality of the government ana that of tho people;" If the halls oi the Legislature are surrendered to the con trol oi plunderers and robbers, wo must not wonder that corruption stalks, naked, In tho streets. T he deterioration of the national morals, if it con tinues with the same rapid progress downwards, much longer, will be fatal to liberty, Tho appeten cy for wealth, to be obtained through therinstra menUtllty oflogislatlon, at tho expense of the pub- - . lie, will soon render the -rights of property utterly insecure. Andwhen that stage of demoralization Is reached, property will seek refuge under a govern J merit which will protect it, and not be a party to Its spoliation. ‘ - , .In the good old-faslisonod times of 1830, If it had been predicted that: the debt of New York city. would fn: thirty years Incroaso'at tho rate of two and three: millions a yoar, no ono would have had any faith In the prophet. But now, so utterly depraved iiavo the governments of more than one city of the United States bocome,that it Is asserted, without contradiction, that In the United States municipal government in the cities is an utter Iqilurc. » In those days when tho-Delaware and Raritan Cianal and Camden and Amboy Railroad chartors were granted, virtue, honor, and public spirit pro-, dominated in mu' legislative councils. Now, In some States (but not In. the State of Now Jersey), it is said, no sooner is the Legislature elected than a mig, as it is called, is armed, and every charter and every application to tlio Legislature from which money is expected to be made Is black mailed to con tribute to the pockets of tho ring. But where stands New Jersey in this state of gene ral obliquity A Notwithstanding; the unjust re proaches with which, from time to tlmo,her fair lame and patriotism lntvo been assailed, there she is. Though small in territory,-sho yields to none in wisdom, honor, virtue, nnd patriotism. It may bo truly said o) hor that, whilo sho has borne her full proportion of tho burdens of tho Go vernment, ol Its direct benefits sho has asked little and received less. Still, thoro she stands, this day,' us of old, heart and hand, witli iter treasure and hor resources, and her blood, pledged to the Union of the States. Very truly yours, H. F. Stocictox. A Word about tlic Worms. To the Editor of The Press Sm: How to abate tho worm nulsanco is a pro blem that has so far defied solution. It is too into tu do anything Tor this season, but thuir re-appoar ance, to any great extent, next summer, can bo pre vented, by tho adoption of tho proper measures, in a short time. So soon as tho minors appear about tho’’ trees, water should be thrownupon them from a hose-pipe without delay. They live hut about three days, and on the third day deposit their ogg3 and die. They are easily destroyed by water, and if tho pnins are taken to have It done, the worms'will not occasion much trouble during tho next spring and summer. lively person having a hoso should got It out, and bo ready to squirt when the moment, arrives; and If the outhontics would tako tho matter In hand, ami make arrangements with tho stoam-cnglno com panioSjSO that thoy could traverse the city early every morning upon tills duty, for say two weeks, tho whole nfialr would be literally plaved'out. Tho millers appear ovcry day for about two weeks ) conscnuenuy, it will be uceossary. to keep up tlio work tor that period of time. Tha city might f>e divided into beats or districts, and each engine company bo assigned to -a special beat.-If tho benoht .to be gained is worth’ the Uoubio to, bo taken, no time should be lost in pro-, naiing for the emergency; ami when your readers, Mr- l-ditor, are informed that tbo grope vinos ana 1 1 ult trees are being soriousiy injured by the same character of worm, they will perhaps begin to look upon it ns something more than a more nuisance. % I am, sir, yours, truly, Vrkpucklm. ' Iln-Tjiisuouan SQt'AUis, June 2,1801, FRIDAY, JUIN T E a, 1804. THE ADVANCE OF OEANT’S AIOIY. Axi Acconni ol the Urcnt ft'lituklKig Move* nient—XUoliel»ds4 (liiuk Urnut K«trcnt li»g—Ailvaucc—l ila llug-ti Lee's Cjivnlry- ®cleatcU -Torbett,; Warren, mul Hiuiccfck ai Worit-KicUmona 31c sieifcd* CCorre6i>ondenCo.of tlio Washlogton. Cbponiule. ] -NEAit MECHAKicsyttAE, VraeurrA, - • ; May 30, isu. General. Loe could scarcely conceal his chagrin when he discovered how useless to his army wore the fortifications around Hanover Junction. Noror was knQwnrah farmy so buoyed up witli hope as kts of Northern Virginia, Tho prevailing Impression among ill-claves’in'the South was that wo wore broken tso pieces and demoralized before getting out of tlie Wilderness. All thoy craved was for us to t attack thcin ln their entrenchments upon the North ’ Anna. 3DBdeed,\tSoy: .expected us to assault those formidable' brcsstworlts, and;knew Cull troll'wo would'.be repuleod, or gain a very costly victory. Grantchose f(i6heittoJJO around than over the rebel works near-Hanover Junction. When the *d Corps withdrew burned the bridge over the North Anna,.the raspls were sure we were retreat ing. At that” time ,'Grcgg and Torbett held the fords on tho-Famankey; and Wilson, with his cavalry division, was . diverting their attention by thun dering at their’lefti": * About six-P. h|otJVeJ!iCiday, the advance of our column rcacheifthe branch road leading to Taylor’s Perry. Licut.'"po’l. Anilersou was ordered, with his regiment, the-lTthPennsylvunia, to see irtho enemy held this ford/. 'lmpossible, he was to gain possession a:ui hold.it until UlViutaDiry came up and crossed. Wo arrived trfter dftrk, apd found about hfty rebels on the oppori’fo-.ijank. They called out, “Is that you, oth VirglnlaJUi- Our men replied tntjieafllrma tire. “ Camp on tfiatEido, ,! was the response, “and lay low till morning.” The rebels were. then star tled by tho ordprp” Look out, robs, we are going to fire on you' Beyera! harmless volleys were ex changed, when Rhoinhold, with a squad, were left to guard thia.and. Worman's Fords. The roinnantof tile,!til Virgifiia Cavalryguarded these two .will be-remembered by the reading puii'lC'thftt this regiment was almost anni hilated by the York and 17th Pennsylvania Cavalry, whonon the late raid. The eoluron, wi th-jhis ter in advance, moved on till after midnighLv'AbSui sixty rebels wore on duty at this ford, i- -'J '-"h-M- Thursday mmniqghwe began floating the pon toons and l.ayiag the Abridge. For some time the re bels resisted the eradtruetton party. When the laeF'plar.k was placed, the Michigan brigade lst and 7th regiments in ad vance. For a diijSfiee of two miles they skirmished with the enemy,' wjld, as usual, fell back to a good position on-theerest:ofa luU. They were buried in thick woodsi yCustor was on the left of tho road froin ]jabney|a:Perry, and Dcvm on tho right. Wo had but two pr,_threo regiments engaged—-the ma. jority of the tjoihrigados being only m supporting distance. They. Michigan regiments had. tsperen rifles, “ seven-dtoofers,” and soon drove tho rebels from the left-. .Captain Wright, of Colonel Devin’s staff, took twenty-men of the ■9 th New York, and charged a wkolesregitoent of rebels. Our men had no idea there wore so many rebels before them, and the enemy had no Idea or the handful of Yankees charging. The 3iLNorih Carolina fled in confusion, .leaving their nwgor,.wounded, • Thirty men were 'captured: in this little -charge, and Quartermaster " Anglen, of the 17th Pennsylvania, coming in soon after, with a few men, captured a captain and a dozen private soldiers. - We were fighting Gordon’s old brigade; he "being killed before Richmond, Bakerwas in command. They were driven to within three miles of Hanover Court House, when two companies of of the 6th Corps, came up and were placed, on pickct,^ Tkc 6th and 2d Corpsirere up and entrenching themselves. A flank movement had been performed before Lee had ttmugUt' of such a thing. When we recrossed the-North -Anna, after threatening his works so long, Leefmagined we were retreating. I think he must havejeen confounded. The 30th instant, G-cn. Gregg was ordered to ad vance his corps two miles nearer Richmond, and go into camp. He was pn tho old stage road, loading to Richmond. Shortly alter the attack I cam&fip, and saw an old coloredwo ma» nnd her son homing to the woods for shelter. Halting them, I Intfuired when there had been any rebels about that locality. “ Dis mornin’,” they an swered, promptly!---“ Bey jest done.and crawled out of de woods when fsm all come, den fired on your men and run away into de woods.” - This is the correct account of the rencontre. They hid in thlsdense-woods-andfiredonourmen, who soon skirmished tho wjoQda. and’drove them thence. Da vies’; brigade first onset. They stood it nobly, driving-,the 'enemy into their entrenched lines, below Salem 1 Church. General Fitz Hugh Lee, the new rebel corps commander, personally su perintended at thls .fight.. His headquarters were near Hawes’ store; Qn the Mechanicsvtlle road to Richmond. The Ist New Jersey, 6th Ohio, 4th, 13th; and 18th Pennsylvania behaved with unusual gal lantry, The storm ofigrapo and canister was dense enough to’appal the Sthutest soul. Men rushod up to Certaln -and liorrlble doaths with a cheer. At'last the rebels halted in tho thick woods. Horo they had immense .works, and heavy guns In posi tion,. From Eoon’tfU three o’clock in the afternoon we fought them, noftho'r.yioldlng, and both sides bleeding profusely. Wiokliam, Baker, and other brigades,'we had-to contend with a new com mand of inountod-infintry; fresh from the seaboard of South Carolina:!? .Three o’clock, anti Torhett’s division begatf'tfijurriyi. Ouster, with a will and a yell, came in of the road. The whole line then ehargedsipnjataneously, driving the rebels from their works amjiijtffore them like chaff. They ran for three stopping, leaving their dead and wounded-STour hands. Sunday we rested, IVUyuiuy an advance was or dered. Warren-was or the loft. Ho pushed out till the rebel picket! ivc-re'met. These wore driven in upon the main body. Thus we neared Mochanjcs villo, when the. rebels, who had been laassing on our left, attacked this portion of our line. Oarairy and’ mounted infantry endeavored to push through on the samo road, followad. by Stuart two years ago, whon he mado Ms great raid upon tho White House, Lee evidently designed hindering us from opening communica-tions with the White House, or receiving any reinforcements from that locality. General Crawford found the enemy in force on the north bank of the Chickahominy; .They, were forti fied along the Mechanicsville road, between seven and eight miles from Richmond. Here a small run flows Into the Chickahominy, and Is known as Tolo potomy creek. Thus the rebels hindered Warren from approaching by the Central Railroad or the old Meolianlcsvlllo stagevroad, and the Broad turnpike is guarded against Hancock’s advance. Warren repulsed their attacks upon him. Craw ford first mot them,.and was driven back sumo dis tance, the enemy bringing Into tho tight almost an entire corps. Our lino was soou connected and strengthened.- The rebels were driven back,having suffered severe.pnnlshment. If they can possibly keep us from, orossfog. Meadow Bridge, and thus prevent us from joining'Butler, they will expend their laft drop ofblood. j--' Hancock attacked them Irihis front to-night. The old impetuosity was "displayed, and the rebel out posts gained. Acfortlfled'skirmish lino amounts, to .nothing when the cnOmy have several linos of works in the rear with gnns-moun'teU. The party which eaino.ilbvrn tho Cold Harbor road to.injuro our communication with the White House got.into considerable difficulty. Major Durland, with tyro squadrons.of cavalry, was on picket About two miles from Gld’Church. Tarorn. Ilia pickets were attacked, and-a. skirmish ransuod which soon embroiled Torbott’s'whple division. Coimicl'Dovin. - brought out tho remainder-of Tile brigade, who hold tho rebel brigade-pfscffvalry and two regiments of mounted lnfantry;;ttill Genoral Merritt came up with his brigade;' .The ath'Pennsylvania moved dut upon the left- flank of tho 17th Pennsylvania with the intentton.;. l o£itaming tho onomy’s right. The rebela xvoro-prepared for ' this, and poured a galling flro into ’thom from their caver as they crossed tho narrow clearing.: Here fell Captain Licper, commanding, the-regimont, and. Lieutenant Martin; thCiforiner.wounded, tho latter killed. In tho beginning of the light, . First .Lieutenant John Anglen, quartermastor of theTVth Pennsylvania- Cavalry, was shot’through tho ehock. His death was iustantaneous,. A braver or more gallant man never bore commission. He perfortaod his duties as quartermaster, and fonght a squadron of his regi ment in every ODgagemont, Off the right we , were joined by -Custer. He sounded his bugle: for a charge. Tho entire lino moved out; driving the enemy for threo miles. Thoy loft all their killed and wounded on the fiold,sosud den and unpremeditated ivas their flight. In tho two cavalry engagements wo 'lost about five hundred men, killed, wounded," and missing,. Many of the wounds aro of a desperate naturo, having been inflicted by grapo and canister. T don’t think there were ever such cavalry fights as these. Surely, never mon fought so well whon doath stared them in the face. The losses in the 2d and 3d Corps are trilling. " Richmond is now besieged. Lee’s army in Rich" mond is a sure indication that thoy mean to hold us here. Wo can afford .to wail. Their papers of the 25th and 27th inst... were" hopeful, nay, triumphant In tone." I saw one of tho 30th inst,, fresh from the press. They expressed tho utmost astonishment -at the appearance of Lee and ids followers, and won dered, why- tlicy-left the North Anna, Tho city is worse off now tlmn Vicksburgaftor it had been be sieged a long time. Have tho rebels found the last ditch 1 Will it hold them all 1 - W, 148 Car Tbos Andrews, E, H 2 JosKresatre, U, 142 David Itutter, C, 119 * ICorp W mill air, F, 03 PENNSYLVANIA KILLED AND WOUNDED, Additioual list of Pennsylvanians killed and wounded in tho battles In Virginia: UftT OF OFFICERS* WOUNDED. Cant W S Craft, H, 1 Cav JCapt.Jas Koblnson, G, 16 LtwP Kennedy, K,I Cav Cap? P Kane (or /no Kline) LtFY McDonald, D, 13 13,13 Lt P W Bovran, L, 1 LIST OF WOOSDED CAVA l, .___ L ' _ MA* .RVSIEN AT TSL* BATTLE OF Jerome Jfichael, G, 16 John McPhee, Aj 13 “ W Dickenson, H, L Geo Lummis, 33,1 L Batten, M, 1 Sergt M Me ngos, 1,1 il L, 13 £S Steward,!? 16 . W E Dowling, 1, 16 . Jas Vaudrke, F, 16 Sergt W Bragg, E, S i J W Stoop, A, 17 Francis Hilton, .W, 13 Sergt J Floyd, M, 13 Corp J Black, E, 13 Fred Martin, B, 16 ABreohbil, D, 13 RLesnett, H, 1 J-M Hartley, C, 16 Corp J Kishbaugh, G, 1 J Catbcart, 1,18 S S Benaett, C, 16 W J Conier, A, 1G FKiphart,!, 16 S Douglas, 1.16 •; Geo Ebberi, M, 1 Geo Glissou, M, 1 W E KcShafrey, E» 13 COrtli. B, 13 Henry Euos, D, 13 Corpj) Coder, F, 16 D KSickie.vD. 16 G CCook,C,l6 . Morula Jones, K, 16 J&Baldwln.'K, 16 . Thus Irwin, IVI6 Jacob Brestle, 1 Horace Orasby, ID Capt R F Swaim, 16 Lt S A Koberts, h, 16 WEMaxweli|.B, 13 Faulknen A^IG FrSk Mooref C?’l6 ! H D Rager.F, 13 F, 13 . CAVALRYMEN KILLED IN GREf.O’S DIVISION. Pennsylvania.— Corp.W H Smith, A; George A anderwall, L; Corn John It Sever/B; Samuel AHuws, B; John Yocum, B? Corp William Cowry, E; Corp Thomas Richmond, 1; Bugler John Keifer, K: Richard Leesaett, IC. Thirteenth Pennwlwnia.— Wm MAlhßws, E; Sergt Felix Burns, II; Tlios Galley, H; Corp J F Croll, A; w m Mcccliatfiey, E; Abram Moore, E. Sixteenth Pmnsylvania.— William Zaver, A; Joa Lockevay, B; Jas E Fatilkeudcr, F; S B Humberger, F. NORTH CAROLINA. Accirfcutnl Explosion oi Four Torpedoes —Fearful lioss oi' Life. [Correspondence of the New York Herald. 1 Outposts, Camp Classen, IS2d Regiment New York Infantry, Bachelor's Creek, N. C., May 2T, ISG4.—At four o’clock yesterday afternoon, on the arrival of the train at this station from Newbem, a terrible explosion attended the remoral of four tor pedoes from the ears to the platform. Fortyodd soldiers and negroes were blowuinto eternity In an Instant, wuile between twenty and thirty persons, white and black, were wounded and mangled in a manner frightful to behold. The train which left Newport at three o’clock, in. the afternoon brought to the outposts the remaining four of the thirteen torpedoes, of monstrous weight and proportions, in tended to complete the blockade of the Neuse river in the direction of Kinston. The last of the four was about reaching . the ’Station platform, when an accidental blow, from a log of wood striking upon the cap, exploded the torpedo. The con cussion was so great that the other three followed on the explosion of the first, and so quick as to make but one mighty report, like the crash of a thousand pieces of artillery fired simultaneously. The disas ter was. one of the most appallingand heartrending that has happened in this country in a series .of years. Soldiers whose gallantry has been displayed on battle-fields, and whoso eagerness to hear the news from their brave comrades in Virginia had brought them clustering around tho station, were hurled, mangled and Corn, into eternity in a mo ment’s time. Heads, bodies, and limbs were scat tered foT a quarter of a mife around, and in many instances it was found impossible to recognize the remains of the unfortunate victims. The signal tower and a commissary building, twenty fee£\by eighty feet, built oi logs, were thrown into the air a distance of eight hundred feet, andstrewed the coua . try for a great distance around with the fragments. The greatest suflerer by this terrible catastrophe was thel32d New York, stationed for the last twelve months on this front, and whose camp is adjacent to the railroad station. In this regiment 26 were killed and 14 wounded. - In the 15Sth Now York three were killed and two severely wounded, . . The 12th New York Cavalry had one killed.- Lieut. W. AY. Wells, 58tli Pennsylvania, (special aid to Col. P. J. Classen,) was severely wounded j left foot since amputated. Tho killed and wounded of the contrabands will cumber between twenty and twenty-five, This sad‘accident, entailing such fearful conse quences, has cast a-gloom over the soldiers of the outposts which will: require a long time for them fully to overcome. A number oftbc woundedof the 132 d New Y ork are badly mangled, and will probably • die. -Everything, however, that care and skill can accomplish, will be done to save life, add ease the siUlering of these unfortunate soldiers. THE REBEL I'RESS. THE RICHMOND -TAPERS ON THE. CAMPAIGN GRANT’S PLAN CONSIDERED A FAILURE—THE WAII NEWS—ACCOUNTS FROM JOHNSTON’S ARMY. [From the Richmond Examiaer, Mav 55.3 Grant has definitely declined battle at Hanover Junction. Perhaps we should say that his army has : saved him the trouble of declining it. It is certain that both armies are once more moving. Two stories have.lately prevailed of the direction*in which Grant is going, One account represented a. large body of Yankees at Negro Foot, in the upper part of Hanover, but it has not been confirmed, and is unlikely. The more probable statement is that Grant put fortifications along his line before the Junction to prevent an attack from Gen. Lee, and then, returning to the northern bank of the: North Anna, passed down the Pamimkey to Hanovertown, a few miles above the Piping Tree—the point to which boats can come. Here he is said to have erased the river with the greater part of his force. Hanovertown is sixteen miles from Riecmond. If Grant has really landed there, he may be saM to have already reached the- destination predicted for ■him since his check at Spottsylvania—the York and the Peninsula. His next base will be the Pamunkey and York, the "Whites House and West Point. • Then his whole campaign up to this moment has been a defeat, its plan a iailure, and he is compelled to adopt the derided scheme of McClellan instead of. it. He might have come to West Point in a day’s sailing from Washington.. He might have set down his army there without having one hair on the head of any one man'in it and he might have brought Lee from the line of the Ilapidau to the Chickabominy and our fortifications without wast ing a cartridge on him. But neither Grant nor his Government would touch McClellan’s plan. It had been tried and had failed j besides, it'was McClel lan’s. So they imagined another after their own hearts. They would attack Lee at Mine run, far from his base, and destroy him there. Palling In this, they would fight him till his army .wa3 wrecked, and then push the ..fragments beforo them . clean down to Richmond. They would then approach the city, uotirom the rlverybut from . Hanover Junction, keeping the Central and Frede ricksburg Railroads always in their possession, sup plying themselves thereby to a. position on the north oi the city. Here they believed their army could not be llanhed, as McClellan’s was,, by some Jack son coming out of the West through the gates of Gordonsvillc. But their 'plan ladled on the 12th of May. ! On that-day the question, whether they eouid beat Lee in the field and put him into a disastrous retreat, was forever settled. Twice within eight days Grant endeavored to renew tho assault, with out Uie ability to bring up hiS-eoUmms. Unable to remove tho obstacle on "the threshhold'of his pro- • posed campaign, nothing was left but to abandon it and make his way down the valley of the Rappa hannock to the rhead waters of the York, a mon strous circuit to reach a point where he might have landed on the Ist of May, had'not his head been ad dled by his victories over Pemberton and Bragg. Once, it is true, he turned aside to Hanover Junc tion, but found only a repetition of Spoftsylvania Court House in readiness there. Now, we suppose, we may have another decisive battle of Gold Harbor, unless Gen. Grant has be come so much enamored with his left flank that he will continue it from the York to the James, and form a junction with Butler. If he docs so we may have a tong summer day. Perhaps he will dig paral lels and come to the city with the zig-zag. Perhaps he thinks himself back -at Vicksburg. It is true*, we believe, that tho officer who surrendered Vicks burg has Lately been placed, with a inodist title, in high command at Richmond. It is.aiso true that the Fourth of July is not afar off.' But Lee aud Beauregard arc also close at hand, and Richmond will never be eircumvallated. THE -WAR NEWS. There is little news to be given this morning from General Lee’s army in addition to that contained in the letter of our special correspondent, and the despatches which appear under the. telegraphic head. The situation is pretty well stated in them. It appears to ,bo known, at least, that both armies arc moving. Grant is reported to have crossed tho Puimmkey at Hanovertown, and to be -moving down, probably for the point known as Piping Tree, in New Kent county, some fifteen or sixtecmuiles ofßiehmond. Of the movements of Lee it would be imprudent to speak j but the reader may bo well assured that he has his eye upon his adversary , and will be prepared for him whenever and wherever ho may show himself. Lee has never yot been sur prised or outgeneraled, and it ; is not likoly that he will be In this instance. . Bo far the armies have only been manoeuvring, but the battle will likely come oil’ in a few. days. Par ties down from Ashland yesterday say tKat there has been some severe skirmishing and brisk cannona ding on night before last, but at the timo of their leaving, yesterday, all was quiet, the enemy having disappeared. Ueserters from Grant’s army say thdt he does not intend to light, but is going to lay siege to the city and try tho spado and shovel, as he did with Pem berton at Vicksburg. They report great dissatisfac tion among their men, and say that all are leaving whose term of enlistment lias expired. This is con firmed by what wo gee 4n tho Northern papers, in which the return of several regiments is men tioned. From tli9 south side wo havo nothing new this morning. All remains quiet, with the situation the same us it has been for several days past. The ene my is still under cover of his entrenchments and gunboats, and from the accounts in the Northern papers, which wo publish eisowhere. it is not very probable he will try Beauregard’s steel voluntarily aguin. It: is clear, from their own accounts, that Butler’s array has been most roughly handled, and his men arc in a state pi* groat discontent. Prom such an army wo have nothing to fear. - There is nothing additional from the Peninsula. Tho Yankees are still reported to be lurking in tho vicinity of the "White House, but wo hear nothing now of their operations. OEKERAL LISE’S ARMY. Army of Northern Virginia, near Ashland, May 27—12 M. Both armies aro certainly again on the move. Some of tho enemy’s prisoners who have just boon brought in say that: Grant commenced the work of reevossing tho North Anna river yesterday, and that tho move oocupled all last night. About ten o’clock last night the enemy opened upon Gordon’s division a fierce cannonading, and shortly after wards assaultedhis skirmishers with a line of battle, but were repulsed. This, of course, was a moro feint. There was some firing this morning between their rear guard and our skirmishers, but it has not amounted-to anything. Grant is now moving rapidly around to our right with his whole force, and corresponding movements arc on foot on our sido to moot those of Grant. . A day or two will pro bably reveal to us tho new situation. Meantime we must bide our time. : : x GENERAL rEJIBERTON, The Examiner alludes again to General Pem berton, of Vicksburg notoriety, holding-a high command in-tho city, and more than intimates there, would bo ‘another surrender on the Fourth of July, if none but such as he commanded its de fences. : CAVALRY LOSSES. The list of casualties in Major General Fitz Loo’s division-of :cavalry, from tho 4th to xstlt inst., In clusive, shows a total loss of-72 officers and 708 men. : >•:: GENERAL LONGSTRKET. The Sentinel says: AVo aro glad to loam from hts medical director and his attending surgeon.that. General Longstreet has so far recovered from his wounU,JhfttJje-wUI be able to take tho field in the courso of the next throe weeks; : = \;v ; . TELEGRAMS TO THE RICHMOND. EXAMINER. May. 27.—Our advance came up with the caoniy at Now Hope, four pilles east of Dallas, Josepli CoBiiDR, 11, S 2 Sergt Jas McMallv, O, Si rijQH OhsKlvrißff, u, 2S Lewis XHgcUUenmr-i’r) G. 23 Wm 12 Miller, C» 23 Jas E Barrett, A. ID From V.'. B.Ziebcr, South Third street, the new . number of the Edinburgh Review, American reprint. The opening article is a notice,' with copious ex tracts, of “The Diaries or a .Deceased Lady of Quality.” The lady was an; old maid, one Hiss Williams Wynn, daughter of Sir Watkin Williams Wynn, commonly called “the King of Wales,” so vast- was his wealth and so great his influence, and she was related to various members of the nobility. Weil educated, yvith literary tastes, and moving In the highest society at home and abroad, Sites Wynn had a habit, through life, ofkeepinga diary in which .she noted down striking, portions of the conversa tion of distinguished persons, and selections from, these diaries have made a very readablo volume which, In ail probability, will be republished here. Hiss Wynn died in 1857, at a' very advanced age, and had been personally acquainted with almost every person of note, in England or the. Continent, ; during more than half a century orintorcourso with the world. The article here on “The History or Highways,” is badly named, Cor it treats rather of the history of highway laws than the roads themselves, and says very little about the methods of construct ing them, Notices of the Basque Country, Human Sacrifices and Infanticide In India, British North America, and French and English Rifled Ordnance wilt variously interest many readers.. There also are reviews of Kirk’s History of Ohnrios the Bold, ■Renan’s Life of Jesus, and the Life and Letters of Charles Victor dc Bonstetten, a contemporary of Rousseau and Voltaire, of Gibbon and Gray, as well as of Madame de Stael and Lord Byron, Hum boldt and Sehlcgoi, Lamartine and Victor Hugo, for he was born in 1748, and did not die untiT 1832. The present number of the Edinburgh Review is un usually good. • ... . . From Bencrman k ■Wilson, publishers, we have the. June number of the Philadelphia, Photographer. The frontispiece is a. charming little vlow, from negatives made by Messrs. Graff, Fassitt, & Borda (amateurs, we believe,) daring a trip they took to Pike county, last autumn, like Dr. Syntax, in search of the picturesque. .We have seldom seen foliage and ferns so clearly represented by the sun’s action. The letter-press consists of articles, chiefly practi cal, by F.T. Fassitt, F. A. Wenderoth.M. Oarcy Lea, Coleman Sellers, H. J. Newton, J. S. Young, and others.; The proceedings of the Photographic So ciety of Philadelphia regularly appear in this pub lication, the success of Which is creditable to the ability or its conductors and writers, and the dis crimination of the public. - Blr. A. Winch, Chestnut street, has published a volume (pp. 96, small Svb.}, entitled The History of Our Flag.” It is appropriately dedicated to the Union League of Philadelphia, and its author is Blr. Ferdinand L. Sarmiento, formerly United States Consul at Venice, and now a member of the Philadelphia bar. Mr, Sarmiento lias executed bis self-imposed and patriotic task in a satisfactory manlier, and a subject which is antiquarian as well as national becomes instructive, and even enter taining, in his hands.. His work is 11 i hitrated with numerous engravings, which render it very com plete. He thus shows, the old Gross of St. George, then the addition to it of the Cress of St. Andrew, whereby the Union .Tack of England was made, and traces the. change , from the Colonial use of the British flag to. the gradual adoption of the present Stars and Stripes. The stripos in that flag were adopted, Blr. Sarmiento states,; as early as 1775, nt Cambridge, but the stars were not added until June 1777, and then were intended to represent tho Con stellation Lyra, the symbol of harmony and unity among men. We notice that. Mr. sarmiento, while noticing the; Stars and Stripes in Washington’s family armorial bearings, repudiates the common error which attributes our “ Stars and Stripes” ban ner to a desire to compliment, the chief; No such idea was entertained. Blr. Sarmiento has produced a, volume of considerable interest, which exhausts the subject without spinning tt out: ; He has col lected his facts with diligence and combined them with judgment. We have read an advance copy of a new novel called “The Bridal Eve,” by Sirs. Southworth, . which Peterson Sc Brothers will puhllsb on the 11th. inst. The scene and most of the characters are English. There is little novelty in , the incidents, which include a child changed at nurse, a title . unconsciously usurped, a. condemnation for murder on circumstantial evidenco, and agreat many scenes injiigh and low life ; but Mrs. Southworth has never written a more readable story. . As usual,~howeve!, when she writes about English society she some times makes mfatakes.:Fdr example, she introduces the beautiful Blisses Gunning at a ball in the year ISOO, whereas one of them died in 1700, and the other in* 1790. And so, also, in ISOO, she mikes a indy figure at a masquerade in the character of Nourmahal, in “Latin Kookh,” ; a poem which Moore did not write until 1817. There are nu merous such inaccuracies, nevertheless, the plot is well developed, the finale unsuspected,. and the Characters ably; drawn.! From John Campbell we have a catalogue (pp.' 31S, large 8vo.) of the valuable Library of Blr. An drew Wight, of the sale of which, by auction, will be commenced at New York next Mon •day. This is the largest'collection of books con nected with the United States ever brought undor the hammer on this continent or elsewhere. Mr. Wight, collected with much judgment and taste, and did not spare" expense. His early-printed American books ; are numerous and rare: he had a great many privately printed books, and kc' illus-: trated special subjects and. ihvorite authors with equal liberality, and taste. Almost every, depart ment of literature is here represented ; and the hooks, for the mostpoiri, bound by Pawson & Nichol son, of Philadelphia, arc in fine condition. It is a' pity to see such a library distributed, but book-col lectors may rejoice in the opportunity thus given' them of fillingvup lacuna: in their own libraries. Iftbe Secretary of the Treasttir intends putiinf out a new loan, as reported, he has so far kept his own coun sel, as there appears to be no one party positively aware of such intention. . Among the agents for the sale of Go vernment bonds there is k general confidence that Secre tary Chase will be out, within a few days, with an offer of not *tess ihan $60,000,000 of sixes, of ISSI, and those usually best acquainted with Treasury counsels are especially confident in their prediction. , It is rumored that the Secretary will .offer the loans through the Na tional Banks. ■ The stock market is still iu a languid condition* buy ers and sellers holding off until the receipt of intelli gence from our armies, trbich shall be decisive for bet ter or worse. Gold was steady during the day at about l&l. Government loans opened firmly, but sold.towards the close ot' the day at a. decline, namely* 105#-—the same rate as ruled on Wednesday. There was nothing done in the sixes of ISSI or the seven-thirties.. State fives were.steady at 9SJ,'@S9, and the coupons at 102 H; City sixes of ISTOsold at ICO, the new were quoted'at 106; railroad and other bonds were not inquired for ; North. Pennsylvania aud Lehigh Valley were the only bonds dealt in, and they were without alteration in prices, viz for the former, and 110 for the latter. Reading shares oppned at 60Ji», casli,>and closedafc 70>f i Northern Central was steady at 6J^; Little Schuyl kill at 4S>4: MiuehlU at CAH ; and Philadelphia and Erie at Schnylkill Navigation Canal preferred sold at 42 1)30, and the common at 33JL which established a. de cline. Morris£anal sold at SO#. There is considerable reaction in the coal and oil companies, and the latter es pecially are touched cautiously. There are many of them so utterly worthless that the better class suffer in conse quence.' . Butler Coal, that reached 32 a day or two ago, has fallen back to 19. Oil Creek shares, that were, a short time ago, tip to 14, sold yesterday down to 0%. Drexel & Co. quote: :United States Bonds, ISSI 113 @ll4 M Now.Certf. of Indebtedness... 9$ @ 9S,‘I •• “ 7 3-10 Notes. .109 #llO Quartermasters* V0ucher5.............. 97 @ 9S Orders for Certificates of Indebtedness-...... VA G01d............. 92>r Sterling Exchange... ..200 @2lO Unitedßtates6-20 Bonds . ~.,.306 @los# Jay Cooke & Co. quote * United StatesSixesylSSl...* ..-..113 @IK “ . “ 7S-10 N0te5....... Certificates Of Indebtedness, new............ 98*f Quarteniiaaters* v0ucher5.......... .97 @ 9S United States bonds...’.'.,;M6 @lO7 llewcs&lvalmi; No. 5*2 South Third street, quote: G01d... ...........ldb @lOl . Silver... ISO @>]Sl Dimes and half dimes- 175 @I7S / Ponnsylvaniiueuntincy. % d. City warrant 5...............;....... l}£@ 2d. Five-twenty bonds .•,108, I £@lQ6>£- Quotations of Gold at the Philadelphia Gold Exchange A. M. isox 11, A. M. 191 •V 2 _ ...18JK 1 P. M.... .....,v.,191 ;; f K *■ ■ .Mi* 4 P. M....... .........ISIK Market steady. STOCK EXCHANGE ! •• BKJTORB 200 Perry Oil. 6 IOOOiI Creek......—.. 0 ONPcnua K........ 35 SOOUaizoll 0i1......b5 6X 700McElhenv Oil 4 H - ICO Beading "H-sCwn 69# • PIES'!’ I . 1 Mechanics’l3k.... 2S 3 doi-.. 27Jj S 3 N Y & v Middle. .... 19% SO Delaware Miuing. 15 100 Sehuy 1N a v........ S 3 14 d 0.... . ... prof 41,V 100 do .... . .U.pref 4J% 100 d 0.... ..Sat prof 41% 100 Susa O' 1 .ssw naint 22 ICO d0..-.ss\ru&int 22 100 do .bf 22; 100 do*. •• 50 d0.....* b 5 22 20 Norristown 3i. ..*'.•.60% 10 Pernm K.... * *l. l(j do 71 300 Heading R. •• • • • • * - 70 100 .do L15?0% 100 d0.•••.h5 7Q% ICO d 0... ....1)5 7054 ICO d 0.... .... ..1)15 70% , - : DimVBBN 10 Cam & Ambß.... IS) SOPenua 31.,.. 71 8C1X) Lehigh 65......... 114% 19 Morn* Cana1...... S6£ 5 dies & Delaware • 75 SKCOXD 5 Academy of Mnsic. 43 SOOCMaw R..fc80.. .prof 42 100 Merrimac il’g. .hSO 4% 50 JS Y & Middle • . .l>s 19% 200Maudaa fiUniug..*. 3% THREE CENTS. nt noon on Wednesday. Hood's corps was first in tire fight, parts of two divisions, Stovonson’a ami Hindman’s, only were engaged. We had but one line of battle, which the enemy charged twice, add wcrstliandsomely repulsed.: A private noto from Geu. Johnston's hcadiiuar ters at sunrise yesterday, says that the.affair or W ednesday ailernoon was handsome. We are having a renewal this'morning. During thoday Bring continued, but was evidently receding from us, and a few guns have been heard this morning, apparently at a still greater distance. General Cummings is severely wounded In the breastandarm. Generalßoynoidswoundcdslightly. , ar !"y was moving up to the Held yesterday morning iu fine condition. - . - _SKCOJi» DESPATCH. ATt4KTA,May 2T.~Dotters from the press re porter on the field say that the operations or yester ri!o! Wel 'r confined to skirmishing and the enemy feeling for pur positions. Our right rests on the road from Acwortii to Dallas, about three miles northeast i rom New.Hopc Church, and extends from the latter point nearly west. The movements ortho enemy continue to extend towards our right, indicating a disposition to get near Etowah river and bridge. Hiring was heard early this morning, lmt died away soon. Publications Received. FINANCIAL AOT COMiffERCIiI, SALES, JUNE 2, 1864. BOARDS. 100 Reading E....cash 69% 100 do ...... ...cash 69% 30Q d 0.,... ......slO 69£- 200 d0............b5 70 300. do ....I>U)7O board. 77NPennaR ..-lot* 33% 1500 N Penna bonds... -lOSfj 2000 d 0.... ..........104 1000 ’do-.. - -.104 200 Cata 1t....10ts prof 42% 400 d0......10t5pr0f 42% JOO d0..,".-b3O praf 42% 100 do......bSopref 42% 1.00 'd0*..... bSQ prof 42% . 10 Raee & Vine-si R.. 15% 100 Cherry Run....... 6>? 2000 USfi-201»0u(15...,.106 5000 d 0....... ..106% 10000 State coupon os.. 102 abt 160 Allen co coup lu SO , 2000 Union Canal bonds 27 SOCO . do 27 5000 do. b 5 27 3000 Penna R Ist inort. 117% 1000 do-.. ..........117% BOARDS. IGSCOStaie 55.....‘.101s Si 500- db..,. ......lots 93% .100 cm Creek...... b3O , 6 100 Reading R.--.blQ 694£ 200 North Peuna 1i... S3j£ board. - .70Buck Mountain... 69 200 Oil Creek. 6 200 d 0......... G 4000 Penna It Ist mort. 117 THE .WAJEfc PRESS, (PUBLISHED WEEKLY.) THE WAR Pares will he sent to subscribers by mall (per annum in advance) at .....*3 00 Three copies 5 00 Fivecoples,-...... 8 00 Tea copies. yj 00 Larger Clubs- than Tan will be charged at the cam* rate, ILSO per copy. ; The money must always accompany the order, ant in no instance can these terms be deviated from, as they afford, very little more than the cost of paper. Postmasters are requested to act as agents for Tee FTar Pause. OS' To the getfer-np of the Club of ten or twenty, an extra copy of the Paper will be given. APTKE 1 100 CatawissaE.blO nf 42H! £8 1° aSO.'IS ICO do *.-.530. 42 Horristown R cojr BC<» Wyoming Val bdslM 500 Union Canal btU,, 2? 10 F & Metis Bk bswn GO 2300 City 6s, new cas..lfttK 30G do-.. ...kw'l IQGO Pittsburg conpSs- 79j| 'SPennaß.... 718 6 d 0... 71>| COO Lehigh Oh .314^ 2000 Allegheny Yai....105 * 300Schla Nav......... 33% 100 d0..........1>50.83% 30Morris Cana1...... S6Ji lOOSusq Cana1........ 22% ' 100 North Penna, 10 : 70 95 400BalzeIl\.....\loii 83 * lOth&llth-atR. 50 51 l I3th & 15th-stR. 34 34K* 1 17th & Ifith* fit R. 12 20 | Spruce-it R..... 14% 15% Chestnat-stß... 62 65 I ;;i00Reading......:..... 69«" 200 d 0... -blO. 80% 100 Buck MountaiubOO- 69 ■ 3008eading........1)30- ®3£ 100 do b 6. 69X 100 d0...........630- 69Jf 100 do s-5. 693 f 100 do h:». 70% . 100 do.'. ;:bW. 70& 100 Dalzell ....1)5. 6 000 Densmoro lots, fl 100 MrCljntock b3O 5% S¥ c H 1 ,' e ‘ , “ e 7" M S' s - *% 100 Reading..... 70 500 McCimtock ........- fB£ 36 K L Gas 25% 100 Keystone Zinc %% 300 Conn Mininst,, lit 1008ie51t........: 8% 100 Pima & Erie.... .to. 34 ]ooKav C0m........... 33% r,GO do bSQ. 33% iGOSUneral 0i1........ 2% . 00 Reading............ J 9% PRICES. _ Bid. Asked. WPhUadaß.... 72 72K Arcb-st K....... 30£ 33 Race-st R .. Green-st R 41 41% Girard Col R.... 30% 31 Sonth-st R...... 20 Ridge-avR 20 F«lion.CoaU....- 9 9% Big Mt C0a1..... 0 .9% N V & Slid Coal. 19% GreeaM’tn Coal 6% 6% In Cnrbondale... 3% 4 £ew Creek Coal .. Feeder Dam Coal 1% 1% Clinton C0a1.... .. American Kaolin 2% 3 PennStiniug.... 9K 10‘4 Gimrd Mimng.. .. iEtna Mining Mandan Mining .. Connecticut M’g Ilf 1% ■ Oil Creek. f>% (; Slaple Shade Oil 9}£ 9 % iMcClintockOii.. 5% 5% :Pa Petroleum .. 2 3% •Perry Oil... r> 6 • Mineral Oil...... 2 2% Keystone Oil ... .. 3 Nenango 0i1.... .. [Organic OH 1 l% '.Howe’s §ddy 2 f Keystone Zinc.. 2% 3 ' The following slows the receipts of tie Morris Canal Company for tie present season and week, and for tks same periods last rear: Total to May 21, IS6I *32, 599 53 Week ending HaySS, 1551.... 1-1,921 SS -«07,52l 4T $51,329 02 11,515 75 Total to Mar 23, 1555....;.. Week cutting May 30, 1563. Increase la 1664 72. Br its annual report the New: Jersey Bailroad’ Com pany show the following results: The report for ths year ending December 31. ISo;:, shows increased receipts over those of .the year 1562, of $175,013.37,' and an In crease in the expenses of 5032,723.31; the total receipt* being $1,286,609.12; and total expenses, $591,685.74. The cost per mile run for 1553 was SS BS-100tks cents, while for 1563 it was IOUS-lOOths cents. This large in crease is owing to the advance in wages, and in the cosh of all the materials used on the road, especially in the articles of fuel and iron; and tho still Increasing prices of materials and rates of wages render it certain that; the cost of operating the road will be further increased. For Directors for the ensuing year: Dudley S. Gregory; Henry E. Hemsen, Hamilton Fish, Ferdinand Snydam, Abraham 0. Zabriskie, Alfred h. Dennis, Geo. E Ghat wood, Martin A. .Howell, Nehemiah Perry. Business at; the United States Assay Oflice.atKew York, for the month ending Stay 31,1554: Deposits of gold-.-.- Foreign coins Foreign bu11i0n....; United States bullion. silver, including purchases.... 16,000 Off Foreign coins ........... S,GOO CO Foreign bu11i0n.......... 5,00000 United States bullion (contained in ..gold).. ...- 1,70000 United States bullion (old coins)... TOO 00 Total deposits, payable in bars.. 70,000 00 Total deposits, payable in coina., 90,000 00 „ , ~ . - 100,000 do Gold bars stamped 158,552 73 Transmuted to United States Mint, Philadelphia, for c0inage........ 68,650 73 The following is a statement of the receipts and dis bursements of the Assistant Treasurer of the United. States for New York, for May, Iss4 May 1,1S&I, by balance Receipts during the month: On account of customs. --^5,906,033 !* of loans -5,154 r 612 ‘ :of internal revenue-..... .-1,177,968 “ oftranstersi........ 18,000,000 of patent fee 5—........ 7,541 „ of miscellaneous. ...11,691,791 of Post Office Department 103,463 Payments daring the month * Treasury and Post Ofilce drafts. Balance May 31, 1564- The. New York Evening Po&t of yesterday says The reports current this morning as to the. negotiation or the new Government loan are, most of. them, in vented for stock-jobbing purposes, and are not emitted to; any attention. Mr. Chase has not yet determined what kind of securities herwill offer. As soon as th& decision is arrived at, the public will be officialiria-' formed. The loan.market is easy at former rates, and we bear or the negotiation this morning of a number of six per cent, loans to run SO days, \ ; The stock market is more active. . Governments are , better, State stocks steady, coal stocks strong, railroad bonds drooping, and railroad shares improving. ; Before the first i ession gold was quoted at ISO#, Cam* herland at 74. Qiaektsilver 'at74#, New York Ceutral at Erie at Kiver at 142#' Beading at 139#, Michigan Central at 143, Michigan Southern at 96#, Pittsburg'at 114#, Galena at 140, To ledo at 149, Rock Island at 113, Port Wayne at 118, North western at 5S#, and Mariposa at 48. »• , After jhe Board New York Central declined #, Brio MichiganSouthern*#, Illinois Central#, Pittsburg #, J-.oek Island K> and Quicksilver 1, Galena advanced 1, Reading Central#, Northwestern H- Gold opened at IS9#, and rose to 191#, closing atiyO#.. - The appended table exhibits the chief movements at the board compared with tho closing prices of yesterday : ■-x- . ' Thiir. -v Wed. Adv. Both United States.6s, ISBJ, regis...ll3 112 K # -V- United States fe, ISSI, coup**..l33 113 United States.7-3Gs. ..109# 109# # United States 5-20 e, c0up......1Q5# 105# # United Stales 1-year cer., cur. 9?# 97# American G01d........150# 190# .. Tennessee 5ixe5......... 57# 57 # Pacific MaU.............. 236 237# ki -- New York Central Railroad*.l33# 132# 1 Erie........ 112# m% U Ene Preferred....lo9 10s# # .* Hudson-Kiver..................143# 142# # .. Har1em.................... 252 253 .. 1 Reading.. ..,.139# 139 # The follbwmg.are some 0: ported into this port for the f the principal articles im-~ week endiug June 2,1551: frirerrox. Molasses, bhd5.1,215 ; do bbls., S 5 •. • do casks. 201 . do :tcs.... 129 58,291 ■ Machinery, .. FOIt co.vst Almonds, bxs.. 2CX3 §629 Brimstone, tons 60 1,496 Books, cases... 2 do bundle. 1 397 Cotton, bales.. 254 do 1b5...;, mo 15,760 Cedar Wood, logs S 105 Earthenw’e,cts 50 1,054 •.Guano, tons•... SGO 3,456 Hardw’e, casks *l5 T,SSS Hides'... 283 1,004 Iron, bund1e5..9,609 , •„ do bar5.....-.2,f124> 23,530 Lead, uigs..... m 1,537 Lmeii larns, bales .... 3 liinen Yarns, cases... 3 1,697 cases Oranges and Lemons-.**. *.2,003 do 5 do bx&...5,093 14,644 Salt, tons. I,soo do 5ack5.*...1,300 1,99 S Steel, cases..... 2 127 Sugar, 5ack5...1,500 11,320 Tin Hates, ' ■ boxes 920 7,435 Tamarinds, bbls 1 do kegs... 1 5 ' WAJtEE Blankets,bales. .46 $7,562 Brimstone, tons 65#1.SSS Coffee, bag5....4,100 53,195 Molasses, hbds. 137 Sugar, bid5......5T6 ?. boxes 230 . • tierces..-. 4 „ “ bb15...... 17 $75,760 Soda Ash, casks- SG 2.57 S White Linens,cs. 23 S,S7» f the principal articles ex ign ports for the week ending ** tierces .27 6,223 Steel, cases.... IS 844 The following are some of ported from this port to foreij May 31,1561: ' BEITISS PJ Id. meal, bids. ~ 249 §1,494! Vinegar, gals.. S,OOO I,SOOi >RQm*C£S. U Flour, bbls Petroleum, crude, galls^ Flour, bbls. TEXEZUEI.A. Drug 5......... Gold Lard, lbs-.-.. Potatoes, bus. a f>2 f .9lTaUoxF, 1b5.....3,295 400 •46,Cal $,242 1 megar, galls-. 500 3IS • 300 40O|Flliirt Markets. The Flour market continues very firm, but the de mand is limited. SCO bbls City Mills superfine a£id ex tra sold, on private terns, and 1,200 bbls low grade •Western extra family at $7.75@-7. $7. bbl. The re tailers and bakers? are buying at from $“©7.25 for super fine, £7.5C@7.75f0r extra, SS@S.SO for extra family,and £5(§9.5Q JA bbl for fancy brands, as to quality. Rye Flour is selling in a small way at $7 bbl. Corn STeal continues scarce, and ingood demand. GRAIN.—TIis offerings of Wheat continue light, and it ip firmly held, with sales of about 3.000 buskeU red at J£S@]&Se for fair to prime, and 2QO@2G5c |t bus for white, as to quality. Rye is scarce, with small sales at Corn is better, and there is more doing, about 16,000 bus sold at 233@155c for prime yellow,most ly at the latter rate, in Wore and afloat. Oats are firm, and selling at S6@SSc bus. BAl7K.—There is a guod demand for Quercitron, afc sil ton for Ist N 6 .1. COTTON.—There is dess doing: small sales of mid dlings are reported at 53.07(3.1.05?* lb. cash. GROCERIES.—There is no change to notice; about 160 hlids Cuba, Sugar sold at Coffee is scarce, at 4S@4sc mr Rio. PETROLEUM. —The market is unsettled; about 1,036 bbls sold at for Crude, 6agHJ3c for Refined, in bond, and free at from 70 up to 73c *?- gallon, as to quality. * SEEDS.—Flaxseed is seHiugats3.4o%*btLs. Timothy is rather dull, and quoted at $3 3 bnshel. Clover is scarce, and in-demand at 6l tbs.. . IRON.—Pig. Metal is less active; small sales of An thracite are making at $52 up to ton for the three numbers. Manufactured Iron is in demand and selling at full prices. NAVAL STORES. —Small sales of Rosin are reported at SS6@3S bbl. Spirits of Turpentine is sailing in a. - email way at tf3.15@3. gallon. GUaNO is in goou demand, with sales of Peruvian at - , WHlSKY.—Prices are rather better, with sales of about 400 bbls Pennsylvania and Ohio at 132@130c % gallon. PROVISIONS.—The transactions are limited, but the. market la.vetr firm; Mess Pork is (mated at s3G@3ll* bbl. Small sales of Mess Beef are making at $l7@2L bbl. • 250 casks of fauey canvassed Hams sold at 20e $ lb: most holders ask more. Lard is firm, and bbls aad tes ||| held at 14%@i5c H>. Ratter is selling at 25®$)c ; The' folio-wing are tiie receipts of flour and grata at thisport to-day Flour - Kew York Markets, Jnae 2. , Ashes arc quiet and steady at $9.75 lor pots, and. n Bheadsteffs. —The market for State- and Westers , Fiourisfi@loc better, wjOi rather more doing. • • Sales of *1,500 bids at #7.2o@|ii4€i for Superlme State? r S 7 55@7.G0 for estra State: $7.65@7.70 tor choice ditto ; $7 2;'@7 40 for superfine Western; $7.5i5§)7.55 for com mon to medium extra Western ? SS@S 15 for common to good shipping brands extra round-hoop Ohio, and sS.2o@S.Pofor trade brands. Southern Flour is firmer: sales 1,000 hblsat s7.Bo@S.©- for common, and sS.oC@ll,for fancy and Ganadian Flour is ten cents higher; sales SOO bids at $7.6C@7.70 for common, and s7.SQ@S.76forgoQd to choice extra.: ■ - Eye Flour is quiet and steady. Corn Meal is vdi-y scarce and advancing- . : Wheat i? in-limited supply and 1 cent higher; sale* 57,(00 bushels at51.60@1.07 for Chicago Spring; 31.61© l;67forMil\Yaukee Club,sl.6S@l.7ofor Amber Milwau kee, £L72@1.79 for winter red Western, and $1.&)@1.5L for AmbevMichigan; and sl,7Sfor winter red State. - Kyeisquiet Barley is quiet and steady. Barley Malt is firm nt 31.60. Oats are firmer at for Canada,\ SS@39c for State, and Sy@eoc for Western. The Corn market is l@2c better, with a limited sup ply: sales 40.000 bust els at -si G2@1.70 for inferior to prime new Western mixed and yellow. Whisky is without decided change; sales. 2,200 bbls at $1.50@1.31 for State, and $1.51@1.32 for Western. Tallow is quiet; sales 24,000 bushels Western at 14c. Peg visions. —The pork market is excited and higher; sales of 1,3(X) bblsatss3o@3o.fio for mess, s29.so@iiu for* old. do., $32@32.2fi for new do., $24.50@35.5G for old and new prime, and 831J£ for prime mess. Also 3,000 obis new mess for July, buyer’s option, ats3S@3i. - The beef market is very firm, with a good demand? sales S5O hbls at about previous prices. Prime.mesa beefis quiet and unchanged. , *, * \ Beef Dams aroquletnud steady. - „ ■ ■■■-■- .«• Cut treats, are in fair demand; sales ISJ pkgS at U@ llJacforShonlders, tor flams., Bacon is dull ana nominally unchanged. The Lard market is quiet and steady: nalcaSM bbU At 14@15c. Also. 500 bblskeUie-renderea for July, bayee>. option, at Is?£c, ;■ 72.C74 7T *•••*•-.■..§144,000 01 $lO,OOO 00 15,000 00 119,000 00 .*14,103,67* : 40,07&43ff £4,174,107 .$50,055,551 £4,118,537 2 ITS 1,'OiO; $3,7© .155,523 $35,35S- 1,780 $15,742 Juxe 2—Etexitto. .1,400 bbls. ,n,200 bus. .2,200 bus. .2,000 bus.