The New York Times from New York, New York • Page 4

1 I i 1 I. I li ri l-: -1 -1 I kgW.TOU, FBI DAT. FEB. It, M6. cidimt or wusiu.

oMi. ueuaevar. UUr(1 THEATRE aar i.ji0- I BIXT UABStS "Jrr. mw Pima aaa TNWUltataWa. LTTiLd BAkAlooT.

Urcr Mae M.UJ1. am Mrs. C. iduxu. kwt W.

tfaa t. L. fa. W. IMVKlcav Ow Mansard nr.TOM THI4TBI.

bMont Baerwa-e- I TUB STREET Or CbaMe tae TTai hi Biiaia- Hula J. A liwtiaat. O. 1 Parwoe. a H.

Ctaaa. Asae-ere. H. Mraac. Vf asm Beweroa.

Maw tba ha. Mre. wna. FKOlbHAt IHEATKt rroawr near br ae-et. LrrTLl.NrLL Mdlhk.

MA1H. MIOSES, tee eeareetera BOWKRr THEATRE. mil at 4 TUB TRIHH HltMAkik, JACK CADI. TlOtrt, M. tMilre AkHUatKt MCSAUM.

nam uJ PnAca atal KID KIUI HUOU, lam oo4iaeMa o( aao-aava, ltvM airaAa, aa4 cananim. A 1 A KD'B OPHA MUUSK Ap MCbEUM. TMK MlIla.J UAi. fnaat aitaraotan tor J- I VacT aiiKUau. RtW-TORK CIBCtrs.

HIW-TOKk Cllv-wa EO kVllUAMaal AM LLAUICi OLiMfCO aHM. KOMYA.t HALL. r.r Lath t. -TBI ril.Klil.'- KH.rn.KOiU TABLIADX. Al 1 It a.

at a' clues M. LVK.IC HA1X ain at iaw haiMn Ait mmd iOd ata. LCcBKTiA ttUKtVIA. LUrcUn Aba long Am .0. WBWT TEMTH-BT.

FAG, ft HISIOKUJAL PA1TIU Of ADMIHAL Unai at aiwltrk Tm. Mail. icBtcmm Tfca Dan. TMM aasam IDau.t Tnoca Jtasda KUiImmi Iala4a4i -Bl B3 Ttilm-Wnuf Tim a. Txmaa, twa capata.

aaa aa.l.. TMWhui TiMAa. i Il iaiMnabia. Wa feaa atirewluf aiit ta cbackk ar Pi A4dia eat Qi Maay Ordara M- J. RAYUOItD A Tuaaa USaa.

Saw-VarB. Slattra. Wa caiumH noticA maonrmona oomtnnmc- tloaa. la all caaaa wa riira 4aa wntaCa BAua aad ail li aaa. so tor puttUvanon.

aA aa a gnanutaa of oml taJtk. i Wa aaoDot ratnra raiactal oommunicauoaa. nor ajraaarr naaacrtpa. an icjujr raquoatal ao "Tat AATtrilMn. AlTartiaan is tha Xuim ata reqiieaiad to brms aj tMu Bvacft at aa aaiiy aa bow tha day aa po lla.

ttr Bj 'o'clock, itvLi ba uafxM MakWl alaaaify UxCl Uiicf LLtiT pfupar UaadA OF THE DAY EUIIOPE. Tha riotoos dintnrbAncea in Cork ver re-vad Wadoeaday. Mai aaaaulia vera mada apon tbm FaHea ia different parta of tba Oil. Tka PortOarnaaa Oovcrniaent Aaa author tsad tba iaylnc of cabla traa ralmoalb, ta Oporto: thaaoa to Ui Azrrca, aad Uirnoa aaia to Ola ouoat aa tba Urn tad 8ta aa. BRn atrisaat laaJBtcratioa lawa ara to ba made la Pruaata, to prerant tba repauttoa of attcb.

caaaa aa ibat of too aiitp LUmit. Adaairal FaAaaorr ia anffanac from aa Attack Itbtbaliala. Tba Italian papera aull la ckargeJ wtib aa importaat uiaatoa. CONGRESS. Tba SeoAta yesterday debatad tbe bDl pro-aidiac tor tba admiaaioa of Sonaiar Thomas, pf Mary-laad.

A aabaritata waa offarod derbiruig tbat Mr. Tbomaa, ta parBUtlisd a aiisur aoa to join tba rabal army, and tarniAAiiitg lufn wub $100 for bia expanaaa bad girra aid aad oeauort ta tna aaamy. ad ooa fueatly waa aot allclbla to a aeat la tba Sana'a. Mr. oara-aa apoka at Mtogtb la oppoaiMoa to tba biH, aoaaadag tbat tba Conatitntioa raquirad tbat Sea-atora aad bVpraaeamtiTaa -ta Coaurro aLaoid ba Iiyal raaa.

aad fbat coaara1aUy tba aabarttuta aaa aaaaoaaaary. Mr. Tadvaox. rrplied, oen tag tbat thara waa aay arldaaco of dialoyaltr oa tba part of Mr. TaoaLaa.

Tba diaen ioa waa ooatiaaaJ at coa-adarabia laagtb, aad tba Beaata aejoaraod wltaoat dlapoaiac of tba aabjcot. Tba bill to aecun thm rigbtaot AmaricAa dti-aaaa ta tnrrtgn ji bum ap (or Boaairtwrafaoa ia tba Booaa. Aiar a abort dabaro tba bttl wtta all tba aaaaadaiaata waa reirrred ta tba Comralttaa aa yoratga AOaira. Tba Kaatacfcy akactioa caaa oama a for cpMaidai aMoa. Tba Coanlura aai Bacriaaa baTtag raported tbat Mr.

Jon T. Baoav waa aot aautiad to tba aaat lor tba raaaoa tbat ba bad grraa aid aad oomtbrt ta tba rababi durlac Aba war. Mr. Baoai waa iianailtal to aililr tba Hoaaa la bai babalf. Ha daclarad tbat at tba tima ba wra a tba lattar ooatamiaar aaaerricaj tbat aay Xas-tax-kaia rolaalaeiukc into tba naola amy erxcbt to ba aba down ta aracba, ba waa ta faror ol la acky Mr.

aJatia rapliad BaataiaiaaT tba raport of ta Commlrt Aa tba aoaclaataa of iba dabaaa tba anbatitata waa raJacW aad tba raport of tba Commit: adopted A joint raaulaUaa waa adoaad duwctlBC tba Bacrafary of War to taka aiadiata naeaaoraa for tba radaettoa of tba army aa-paa a at aad ia tba vfaiatiy of Saw-York City by aoaeaatraiiac tba kaata aaa af tba nrwai ta tba OUy. Tba Hoaaa tbaa adjoaraad. GXNCILaX. Tho rwaiiM of tha Alabama eUctioa ia mot jat lUxty kaowa. Oaa.

Mum ta(iapaa to tba army baadanaHaca tbat aa at aot oartaia wbatbar tba Coaabtataaa baa baoa rattlad ar rejaemd: ba amya tbat bait tba avajmAltp bty votad, bat a aaaaidaribla my addad ta tba ragiatry bata aa tbaar nriaioa. and ba aaa a aoabt if bait tba tigi again nam bar baaa aaat thatt baUota. Ha tao aay tbat ta rijartad la b-aa tbat ra aaaay eoaatMa tba pull Vara aot tba toarvk day af tba atacttoa. aad tbat ai wara aat opaaad at an aa aUbar day. Ma ta aattac tba iwparta and if baaada tbaca tma ardar apaeial alartiona ta tko aaaatfaa, sa tbat a8 Bar.

Emi Wars Brmff dabrarad a ko- tatrataa baga aadiaa am Pikaa Oaara iiaaiai la aid af tba ran. Bat aabjaat waa atAyor HofTMAR baa iiliraaatl a taoa tba Coauaoa Coaactl arglag riii hi ii I ma la tagaid lb aiaaaaiial af au a. Tba UBioa Sapabbeaa a aiiitH4 tbair babdtaartara. aoraar af awy andTwaatybirl hi it. attnaaiba) Mx.

prxadlBwabod7. tna BMoxbara ia aa morabM taraAA, and daetetRaT Emur H. CbiraAxiau, vb) ia thA 'vj atttUAtada ofaran.ar wtta awiadMaa; cxa arraraily at Kvrcai uoai ay abaaaa af a aiLaraaaataujata: waa yaatiiaay aiamlaii by at-Taa I nan aaa aaa aanaiaiad a aaaMt tba ra.a.t Jbx taaattgattoaa. Xbo caaa ol JumM BsAtraxt. esArxad wiib.

araatiy to oar boraaa, waa batun tba Coast af Bpaaaai Btaa.aaa aLoraay. Zbmas waa aaaabaaaar af aa a. SO, avl Caaau theoaptai or iai iioa wooi t.k IJiTUGtMl, Cbareetar by Mr, JL. Ma. Jea tvntarv 11.

bV T. Mlacsvu. Mr. J. VCT m.

H. Pat-. Mr T. WiTVii dare Jaaanatn. Fee aMMl.

Mi ale aa, A IftllA iiaaaataia. mulct). a bat of ta aMcrd aoTntrav taaro Mat 4va baraia araarBat: Ta oar aw tfrfiot, Ao4 la aaiajiai bad grH dtOealty aa draamc fruqiwa ty atappiag traartaf briaib. Aftar aoa dan Mia ml UMkrvaf Ma eaaa. na atpaaa UM Tbaraday avrat Tba Doari Ooanarthn-ai aani a adock later day aftroa.

ta tba abaaaoeaf tba fraa-Jat Qaaaatiiaa VXraa yriMBa Wrlbaat Iraaa aaramc aay banana af taayui I a Baard. afl a abarA naai a adjaaraaal ia Baaaraaar aMaraaaa a 'stock. Tba tnqnaat 3m tbrJy oajm Caooaa; cmm of a vtetlBM ta tba paxaflaa oal rtataakta la BaaOa Bronklya. Wealaeaday tJabt, naaaajaauud tarday. Tba prnMiaat eratrara adaoat waa Uat of vaafaaa aa bAa opl tba raaalt af oaraliaaa im.

tba tail pi pa aot baia hi kap Dlaar. OoUoo waa fTOprbUaly" ai-aadj yoa'artlAy, a oAodaraAa bianaiaa A fatr laqairy prarailad for BrJatuCa. FVrur ad Wbaat ware aa Uta ad- Oora aad Oa4 cToaad rataar baartiy Prort- actira. Fork sad Lard farorad aajy. wm ob aaod riqiaaat.

araaabta arara rsAAarquist i TrttnaactiocM at tk oatUa Tarda ara oaodorata id prioaa aaay. witA Uula or aa cbaaaa la aVcoraa. Salsa ara aaada from ttc Me. ft. aat votfbL Oaly a eaaaa aatnbar braoarbt aver IBo.

It ft. Moat of tba aaLaa ara njada at about 14cl3. lb. aat wsigat. Bbaep ara modarata.

Tba aappiy ia rat bar Msbc Baiao ara quick tor lat aauaaala; bat atow for poor oaoa. Pncoa rasaa froca tcTKa. ft. lta walabt. A It of tba boat vara aoad tor nacra tbaa 7 'air sbp caa ba boant for da.

a) ft. Tba aaiaa atarkat ia a littla abaky. Prtor-a ara aot ao Arm aa Aay wara a few daya ago antb rary tigbc reoaipuv Tba top of tea mar a at ia about arjtac. ft ft. lira areifbt.

Vituom ara oa tba deoCaa. Tba arnvaia for tbr weaa ara A.SJA ratUa. 80 mttob oowa. HA oalTaa, 9T.15S aa-ap. aad t.4N boga.

Tha Caa'ititatloaal Aaaadaaeat. Mr. Srwardb refaial to retarn to tba Legia-Larare of Ohio tha official oopj of it reaola-tion ratifying tba Corxstitational Amendment doea not dispose of the mora recent resolution by which that Stata rwcinda tha ratification. But it allows the necessity of an sarfy report from the i Jodie. ary Committer ot the Sonata as to tha present position of tha Amendment judged by the constitutional teat of validity.

The question of tho right of Ohio to recall its ratifying resolution aeema to oa contingent on the position in which tbe Amendment now atands. It it ia already a part of the Constitution, i the riht of withdrawal or rtCAll cliiariy doea not belong to any of tha Stated that hare arMisted in its ratification. They can no recede from their action than from a contract which has been duly eigned, sealed and dehrered. In that cam, tha amendment ia aa acoompliahed fact, ani most ao stand until repealed in tfcd prescribed constitational manner. On the other hand, ifj the rttincatkm ia incomplete, -doea it not wear the aspect of an open question, with which the State may lniiTiduAlly deal freely air.

Stiaurea conUada that a Btate, baring giyeq ita oonaent to tha amendment, must abide by the act aa irroTocable. It baa no better right to rencind ita ratification, ho aaya. than to recede trom the Union. Tae Ohicago Irilrtne take tha aamd iew. not the Houaa of i Repreaentativea or the Senate tha aatue tt twVr.

to rescind its action proponing the amendment, aa haa tha Legislature which Las onoe ratifiad tbe ametiduient tha right to re-acind that ratiacation The anawor is plain. Before tha amendment finally paHod oat of the hands of tha Honae or tha Senate, there can be no doubt that either might hare reoon- i aiderediand reversed ita decision HarinAj adopted it jeaterday, either might to-day sus pend ib mica and ondo ita work. The right baa beaaed In ita relation to tha amendment only because it baa gone beyond tha control of Oon grows, aad ia for tha tima in tbe haada of the Staioa. Without doing violence to any provision -of tha Oonatttatioai or any logical analogy, theaa Statea "may ba awppoaed to poeaoas he power of reoonatdering and reversing their decMton, if tha act of National ratificbUoa be not finailf oooaamaiAtad. All tarns on that poin Tha claim of may ba venfted in another way.

Tha amendment, aa everybody knows, haa not yet been promulgated aa an accomplished fact "Tna rotate Department haa doubts upon tha subject, because three-fonTths of tba thirty -aevao States have not adopted ratifying reaolntioa. Bat suppose that alary land, Cantacky and Delaware, which have rejected tha amendment, changed their course and adptad ratirying raaolattona, would not the chatige be reoognized aa allow-ablaT And, if a legislature may review ita action and amend ita decision for tha pur-poaaof aubatitating rmriftrattart tor rejection, is the opposite proceeding equally lawful and right? What one State may undo in one direction auraly another State may undo in a different direction. The abstract right ia tha same in both instances, without regard to partisan consequences in either. Theaa consideration invest with interest and importance tba inquiry referred by tba Senate to tha Judiciary Committee. It is expedient to avert doubt or rauaundarstanding aa to the statu of tha amendment in view of tha fact that, though ratified by tliraa-fburtha of tha States now represented in Congress, it has not bsen ratified by thrae-f ourtha of tha thirty-eeven States which ara in existence.

He ScMRXB auggaata that tha requirement of tha Conatitutaon Boat by an interprtAtion which counts only legialatnraa, not States, and which, therefore, ignores tha tan excluded StAtas but this ia a qmbbla of which ws should ba sorry to aaa tha Jodiciary. CccnnuUee taka advantaga. Tha iasna bsfore it is not a pleasant one, sinos it is impcaaibla to declara tha amendmant ratified without igiaoring tha ten Sourtharn Statea sad repudiating tha principle which Con- in framing ita reconstruction measurea. si ways croieafad to unholX But there ought to ba no avaeiou. A plain yea or nay is what is wan tad.

Is tha amendment ratifiad or not? Is it an open question or a quea-tioa that is closed If opeo, why may not Ohio rwacind its raeolation If closnd, is tha Judiciary Ccnunitaaa preparad to iu fis siat jsjaji itilss. and to prwelai the South non-Tta-taut aa States? 1 Tha subject darivas fraah mUreat from its rosaubla bearing upon tha special enactment prcpoaad by air. tor tna aobniaaion af Alabama Wa ahowed ywaterday that tha lvaniiio rTWoioo tor tl raiiflcstton of tha am mini fin by tba naw LrgiaUtare of Alabama, although tha axiatinc acU maka thai ons sf tha condition a-precadent of resto ration. By that oondiaon Migrssa ffaatly. intandad ba awcawB beyond perad tarn tha gnsrs.araaa providad by tha aaeni.

Are wa to infas, than, thailXr. mah is preparad to feces ttva fwarastsss in his snsiaty ta aaaka quiok work as tha tba haAMraax. Mr Bmaiaaaua. Miaa aaa tba i ji gf Aiis-t! tef fci fczzLti iijLtinCsf trnLU1 to Mr. TiADtaKV STXvxna'a oVoctrina toejchsng the tYribwcbawaotaa of tna South, which OongreMa aaa rrpndiAtavi in tba ab- atract, although practically acting upon it? And is ha ready, aa a oonaequeac of eonver- a C3 aton, to tAJte refuge unoer bax.

quibble, and to declare tha amendment already a javt of tba Constitution It is not poasibla, wa know, to trace 6on-auatency of prinaipla or hAxnioniouit practice aasidat tha chaos which ill-conrtidered legiala-tioa ha produced. Still it ia not desirable to bare mora obscurity than tba mixed nature of tha huamaaa renders inevitable. And aa Congress may ba nuppoaed to have made up ita mind about tha Oonarjtational Amendment, wa want to know what the conclusion really ia. Are ws to consiiar tha amendment ratified or not i Taia loapcaebi eat Project again Dta- i poaed ot. The ghoat of Impeachment has again been laid.

Sinea the proceas itself was killed in tha Houae some months ago, Congress and the country have been haunted by its ghost. Tha Radical minority, made sullen by defeat, ba been watching rta chance for bringing tha corps to lite again and when Mr. Stetrsb bad tha subject sent to bis Committee, it waa confidently predicted that we should now have the President impeached and deposed from office, without doubt or delay. The result reverses tha confidant prediction. By a vote of six, to three tha Reconstruction Committee re loses to recommend impeachment and laya the whole subject on the table.

Four of tha sir were Republicans, BufOBAM of Ohio, Bbamar of Michigan, Pact of Wisconsin, and Hcblbtbd of New-York. The minority were Steves, Borrrwcxi and FAaaawoatit. Of course Mr. Stevens denounces this result as due to the cowardice" of the Bepub-licana. We deem it due to their courage and their common aense.

It shows that the whole party ia no longer to ba dragooned into measures which ita judgment doea not approve, by tha menaces and denunciations of a clamorous and reckless minority. Under ordinary circonAutances this would not seem to require any very high degree of courage but as things have been managed in Congress for the last two or three years, it docs requite a good deal The House disposed of this impeachment question at the very outset of the session. A majority of the Republican members were against it. Nothing has since happened to change the merit ot the case, or to render necessary, just or wise now, a proceeding which was thus condemned as impolitic and uncalled for two months ago. The President haa done nothing since that time to offer ground for his impeachment.

His correspond nee w.th Oen. Graht. on which the main reliance was placed, discloses nothing of the kind. It Indicates a purpose on his part to bring the Tenure of Office act to tha test of the judicial tribunals but that he ha an unquewtioued right to do, and thu wis all he attempted. has done nothing in regard to reconstruction.

The Tribune, to be sure, asserts, with ita usual reckleasneas of facta, that he defeated the Constitution in Alabama bat it does not tell us not he did it. Tha whole military power of tha Government waa pat forth on the other aide, i Oen. Mkadr. the President's appointee under tha law, did everything in his power to secure the adoption of the Constitution. He revised the registers, he extended tbe time for voting, indeed, it is reported that he intends to axtend it still further, in the hope of reversing the result In truth, tha Radioala in Congress seized on the feeling created by the Grant correspondence, merely to create a frenh demand for impeachment They relied, not apon any new facta, but upon a fresh impulse ot' resentment against the President, to posh tha Houaa into measures which it waa hoped might result in his forcible ejection trom office.

They have been again disappointed. Tha country will rejoice in thia result aa a fresh deliverance from com plications nd difficulties full of danger to tha- public peace. Congress has on its hands already quite aa many arobjacts of grave and preasing importance aa it can dispose of wisely. To throw into tha political arena now, so exciting a subject aa the impeachment and violent deposition' of tha President, on ao certain to arouse the hottest and fiercest passions of tha country, without soma strong and overshadowing necessity, would be not only to postpone what is tba great and imperative demand of tba times, a wise and beneficent restoration of the Union and peace, but to invite a renewal in more dangerous form of. the evils and dangers ws have just escaped.

We are glad that tha Baoonatruction Committee haa brought the unacrupuloua and perilous project to a prompt and decisive close. The LegaUTeader Act Its Bearing aa the Pablic Debt. Ana nnanciai situaaon ivsi, wnen our Legal-tender policy was adopted, was similar in many respects to that of England tn 1797, when the Legal-tender policy was forced upon tha T.nglish Government. It waa preceded in each ease by aerere financial distress, i suiting from the necessity of applying the precious mrtais wo ut purposes of war, instead ot allowing them to remain as the sub stratum of trade sad industry. Tba Bank of Tji gland which waa a great engine of State.

had informed Mr. Pitt in 1796, soon after tha cxmAmencament of the war with France, that they were fully sensible of the arming and dangerous sitoation of tha public credit of this Kingdom," and that they were totally mfnpabie oi granting say further Baaistsnoe to tna government during tha remainder of this year." Mr. Auaosi, the historran, ob-serraa The aspect of pubbc affairs in Britain had never been so clouded sines tha commencement of tbe war, nor indeed during the whole of the Nineteenth century, as they war at the opening of tha year 1797." In February, 1797, tba Privy Council declared that it is ths unanimous opinion of tha Board that it is indispensably necessary for tna punlie eaii tie tnat tha Directors of tba Bank of England should torbear fcnmmg iy easa ta poywif until the sense of Parliament can taken on tbat In tn latter part of 1861 the financial si tu- alion in the United States was such that at aaewting of bank directors in December, 1S61, on oc tneir aanber. a prominent officer, daclarad in speech publish ad in tha Bankers' llagaM ia February. 18CJ, that wa is aaaka) aaa aaw leaded Seam wan Oov- Wbsa oar oapttale ara aheerVa.

ar aWp a ara. wa caw jrr aad Urn O'trmmmL. Tbe Government meat mm mi ajmr eeafa or aw meet. aad tt is ooly a question of a dap atarr tear aa to waa lafima'i rat sad wbe abati bold tba epecia ta ear vaults. If wa bold tt.

taa people sad 'be feo win ba alisa benefited. If tbe Oovara- rneat takes rt, tn waoie wtt oa espeaaea ana boarded by tew peopls." Tha British Parliaineat, in May. 1777. passed the famous Bestriction act, legalising the action of the Bank founded on the ordera in council, and forbidding the arrest of debtors who aboold make a tender for their debts in the paper of the Bank. Before the termi nation of the war.

Lord Kna having threat ened a distraint apon his tenants if they refused to pay in specie, an additional act was pasaed that the taking of gold coin at more than its value, or bank notes at leas, shall be deemed a Lord Eldox sus tained this set, remarking that Tba Beatrtctioa act of 1TV7 interfered ao far witb Individual coatracta tbat a debtor aboold not ba ar-reeted If ba tendered bis debt la beak notes; tbe Joatice af tbat enactment bad Barer been dianaied. aad ia it now to be eaid tbat a tenant abail bare bia guods or stork seised becan ha cannot pay in gold, wbirb is aot to be procured?" Congress, from a like overwhelming neces sity to that which influenced the British Parliament, passed in 1862 ita Legal-tender act, declaring that the Treasury notes issued under it should be lawful money and a legal tender for all debts public and private; meaning those of private individuals or public or private corporations, such as were collectable in suits at law, in which the power of legal tribunals might be invoked to en force their collection. As neither a State nor the General Government could be sued, it was unnecessary to make any provision that these notes should be lawrol money and a legal tender as to them. The act went further, and provided that such notes should be receivable for "all claims and demands" against the United States. The Legal-tender acts did not change and did not purport to change the laws in existence declaring what shall be a dollar consisting, when of silver, of 12J grains of standard silver, and when of gold of one-tenth of the quantity contained in the eagle and of the aame standard.

On the contrary, the act specified that the Treasury notes should promise to pay such dollar at the Treasury of the United States. It is objected against our law making these notes a legal tender, that although the British Parliament had power to pass its act, being omnipotent such is the bold figure used to describe ita authority jet that our Govern ment, being one of limited powers, and the power to do this not being specified, it went beyond its authority. To this we answer, that the act in both cases was founded on an ascertained and absolute necessity of war that the powers conferred on Congress in respect to war, and the regulation of commerce on the basis of war, are those in fall plenitude which the emergency demands, and which the practice of civilized nations shows to be necessary. What is necessary and proper for them is equally necessary and proper for as. Both France and England resorted to the policy nations of the' greatest opulence and established that it is a necessary war-power among modem nations.

The Supreme Court, if this question shall arise before that tribunal, will doubtless aay, as was said in the bank case, that the question of fact being found by Congress, that it is necessary and proper," the Court has only to decide whether or not it is an acknowledged means for securing the end, and if so, it is constitutional. Tbe case lie in this nutshell, and we have no doubt what will be the decision, as the precedents ara ample. Tbat it was competent for Congress to say also that these notes should be taken for "daimt and demands" against tha Government is equally undeniable, and hence it is that those who deal with it not 'holding ita solemn promises to pay in another medium, are compelled to accept these notes, if they prefer not to wait until the Government returns to its normal condition. It ia idle to suppose, however, that a solemn undertaking in the shape of a public debt, entered into by the Government, during the existence of this set, is at all affected by it 'The language of the act does not touch such an obligation, and whenever it shall be repealed, it will be found that every individual who haa now promised to pay a dollar, has promised to psy the dollar coined from 412 i grains of standard silver or from gold of equivalent value. We repeat, therefore, that ao far aa tha public debt is concerned, no other idea of a dollar can be formed or was understood by the offerers or the takers of the loan than the dollar described in our coinage acta, and that it ia wholly from the misconceptions which the friends ot a paper system have spread abroad, that any other idea is formed as to tha true meaning of the promise contained in our na tional securities.

I The sole constitutional authority for the act of Congress is that it is a war measure, and while it is equal to, it is limited by, the emergencies of war. In a time of peace the act would be justly deemed a gross outrage upon private contracts but in war tha Government has a right to say that it will not employ the power of its tribunals to spread that ruin among debtors which its withdrawal of the precious metals. trom all the channels of trade and business would occasion, if debts at such a time were enforced by its power out of its people in gold and ailver. The meaaurs is considered exceptional and temporary to last no longer than the effects ot th war require. The debt of th Government, on tha other hand, is of nor permanent character, and is ordinarily created to ba in fore long after th currency of war has ful filled its special office.

Th ground that the bonds ara not payable in gold and' ailver, would expos them to thia difficulty, that after the Government shall have returned to ita usual condition, they would ba payable in what had been abandon ed. If it is answered to this, that they would then ba payable in gold and silver dollars such aa ar now craned, it is only because such th present usdertAking. The Javnud Oononen affects to wb I ffiin'g," inconsistency' and the feats of an eatoniatiing acrobat' in what is so plain and dear. We had soma idea that the Journal had for years given to th Sub-Treasury tbe moat strenuous opposition, and for many other years ths most earnest support and thateara- meneiug aa an anti-alavcry paper of th deep-est dye, it did much toward noating tba fael- ings of hostility which ended in dismember ment and that then it turned into being pro- alavery with such vehemence to sceount- iwtxamnnl 0d of Conn in effecting th repeal of the Miawouri Oom- tt wt other reacting naeasurea until its dsorswers oloeed by tbe Government from its oX)sitioa to the war which ita own folly did much to create and that it had presented such proofs in the changes of a happy facility of dirposition, and bad retraced tha path of expressed opinion with such agility, as to have learnt at least modesty enough to be, aa to avach matters, for-evae silent Southern Polities. The few moderate men at the South who, at the outset had courage to atand in th gap" betwixt tha two furious elements struggling thera for th mastery, ssern to have been vox- borne and swept away.

From such men aa Orr and Lonobtrext we hear but little now theirs was a hard and thankless task. Yet they might have succeeded in it had not tha fire of contention at tha South been blown to a white Leat by tha Congressional bellows and the of tha insensate Badicals of tha North. The consequence is the utter extermination for the present at least of that harmoniz ing element which was once of good promise. There are but two parties here," write a Virginia correspondent, th Radical Party and th Conservative. Tha first is made up exclusively of negroes and strangers," while the other embraces all white who have a vested interest and a staks in the community." To this then, have parties come.

On the banners ot one is inscribed White man's country on those of the other "Black man's country." If anybody doubts that it ia contest of races, let him look at the election in Alabama, or at the Florida dead -lock, where the Convention has split, four negroes and twenty-one whites go ing one way, and fifteen negroes and three non-resident whites the other. Is this the sort of reconstruction we want Leaving aside the question of feeling at the South, does this way of restoring the Union satisfy the North We think not But reckless and obstinat partisanship has brought matters to this pass. Macactat, in one of tba finest of his historic generalities, declare. The essence of politics is compromise." It is as true of America as of England a truth that is not limited by place or by age. But the very aim of all parties at the South, has been to so commit both themsalvea and their adversaries that any compromise would ba impossible.

The Bourbons' put themselves at once on a platform of white man's country, the length pf the negro's heel, and the glories of ''departed The treed race, flushed with its first victorious draught of political liberty, after two centuries of bondage, for every inch of privilege demands an ell of dominion. Is it the part of wisdom to let them plant themselves on any ultimatum they may select, and to go to the length of their untrained desire As little ao aa it would ba to let their old masters have their will of them again, treading them under toot Bat we are told there if no middle coarse is suffrage" or white man's suffrage," the broad Tune cannot ba crossed. This language is pure assumption. Tnere is a middle course, if we only choose to take it It is nonsense to talk of a great gulf being fixed between the extreme of negro domination on the one hand, and negro exclusion i from suffrage on the other. The North, that fought out the war and saved the Union, is entitled to take the lead in defining the principles on which the Union shall be restored.

Ai ii it now some of the colored delegates evidently think the people here have no "rights" or sympathies which the Conventions are bound to respect The proof that the lladicals, who urge them on to extremes, distrust the North, is their angling for the Presidential votes of tha Southern States. If the Republican parry cannot carry the North, it would be a misfortune for it to elect its candidata by the aid of the South, constructed exclusively on the last JlmAir-ml basts. The Republican party waa strong in 1860 and 1864 because it carried th North, and it will not be strong enough to govern unless it carry tha North in 1868. It was a short-sighted and repulsive policy that drove the South into two parties, erystal-ized on tha single issue of. race, through real or pretended fear of party failure at tha North and we should hail it as a bright omen if at the South moderate men could find themselves acting together in a party devoted not to race, but to the good of th country.

MINOR TOPICa It is suggested by a writer in ths TVioune that Commodore Vajtdeb.bii.t take in band tba establishment of a good, cheap Cab system for this City. We second the suggestion. No man is more capable of accomplishing it than tba Commodore, and any man who will do, it will earn ths profound gratitude of every stranger who ever visits tbe City, as well as of ths great bulk of our own people. Tha hack system which exists now is not only an utter disgrace to ths City Government but a standing reproach to popular institutions. It is one of ths many things which strengthen tha argument of those wbo assert that, in a large City like thia, anything like good, prActical, orderly And convenient regulation for the comfort and welfare of our people, ia utterly impossible under anrreraal suffrage.

If CottAmodora YAjmxaaiT.T, or any othar man, wiD give us a good Cab system will de-aerva a monument though ws dout mean to aay would get it Senator Draxu did his part in tha Senate on Wednesday toward vindicating tha rigbta of colored ladies to seats in railroad ears reserved for whils people. But be put his chanrpionabrp of the bvdy eonearriea on ratnsr a ainrcn oeaie from thai taken by his eo-u Headers, new in sisted on redress for th wrong twooaias tha suf ferer was a colored person Mr. Dears declared itua waa oat of great hardship becsnee tha lady was of a "very superior chaiaoter," and had no mars ths appearance oc a negro than many who non in ths beat society in Washington," The Senator weakened his ess very much by that sm'" If th lady a ao nearly waits, what TotMuneea ha ah to nMaaopolis th attention af tba Senate for a whole daT bars persons who are tchoBy whit drmsnd- mg redress preaentiy. it u.umMx argument ia passed over without recuEa. The TribuMiagrtdnaZj letting a Ota.

Gxaxt. It has not had any detAnvAtorr articles about him for two or throe days, that is, Ron that would ba considered wary efatnatory for the Tribuiu. Indeed, only a day or two sine. it eonoadad that, by his racent ewrrerxdnce with th President the General had grjoa a good way toward jutifyisg th ootmdanoa of toyqf menr- That is Tery good for a beginning. Own.

Gbart win gratified to find his toyalty tbaa mdoraad. Ha wilt rxobably out oat this I Partes seAx and hvs it frygad sod tru an fast; rnder bat aigar can. It as aot ewsrr aanwr fjnicn Oaaaral wbo oea get bia VyHy radorsed by a jomraai that advocated th prta-Bpts af aooeeaion, and did tt beat all through tba wear to secure pae oa tba bast attain Wwma. Mayor HorntAa has written a tettw nrgiag th Common Council to immediate action ia th matter of fixing a day for work to begin oa th opening of Cburch-atreet to Greenwich. Tba Mayor aaaa th aaaa Arnmoata arbash have been advanced by us in evpport of th pnaapt designation of a day.

Whether tha Oonreoa Council wiD heed tha call remains to be aaea. IT they do not, tha explanation oaa only be fa tad in their regard for certain railway interest, whoee convenience will ba ounauHod by poat-poning actioa. It is not to be pro-win i that this regard is wholly dbsrateraatrl. It is (we should not imta lika to have that word printed a-ita,) to see what amine ntly practical views th men devoted to great moral id can take of pubho question, when it is quit their interest to ao so. Th WasUia-ton correawjondeat of tbe Aanatr4 aavs that Gen.

Gbast ia row "in the keeptn: j( tba ultra negcro-aunraze Badicala," aad that with the army surely on tba aid of Congroas, thera ts no further excuse for a rafasai to impeach and remove the President" The whole question is thus reduced to one ot forcm. No mention of justice, law, th CoosUtaXioa, or th peace and prosperity sf the eountry all theaa ara quieUy set aside aa of no eonaeqaenoa. The ami is on th aid of Congress therefore Con gress can safely go ahead I Tha correspondent adds that "we may look for stirring events between thm and the first of April next." Very likely, if its programme ia carried out The Metropolitan Police force of London is to be increased to seven thousand men, partly on account of Femanism, and partly in view of the increasing activity of the London rougha." Theaa gentry seem to have abandoned their desultory operation in a nb or baa district, aad have concentrated themselves in stronghold of labarynthine alleys close to some of the main streets of London, and within two niinutos walk of tha chief police station. Thence they saOy forth, render their victims aors 6 combat ia broad daylight by ths gentle process of ga-rotting them, or by ths mors ingenious method of throwing pepper in their eyes, and then escape with their spoils jewels of sdvar and jewels of gold to their adjacent laatnaseee. This seems a strange a tat of things to exist in place like London.

But it should be remembered tbat a London "bobby" is only allowed to carry a hght truncheon, which is practically no weapon at all in a serious afiray, and tbat bis chief mfiuenoe ia through a kind of moral suasion," which haa but little avail with the inhabitants of thia London Calabtia. Half a dosen policemen with revolvers would soon put aa end to Cockney brigandage. I Mr. Seward is, as usual, bitterly denounced. as trimmer," and a being non-committal, because be undertook to tell tbe whole truth a to the conversation between Gen.

GsAJrr aad the President It serves him right what business had be to attempt anything of th sort Nothing of tha hind wa wanted at his hands by tbe partisana of either. Tha ultra Grant men wanted him to aay, a briefly as poasibla, that tbe Pmtdent had not told the truth and tho otler aide wanted him to sty precisely the saioe thing of OBAjrr. He would not aay it of either. because he did not believe ii of sithsr; aa a mat ter of course, ha ia denounced by tha partisans of both. A Texas paper, th Boasier Btvtner, says that Gen.

Havcoce has dons mors to revive a regard tor tbe Union to tbe minds and hearts of the Southern people than all the officers aad privates of ths United States Army eombiaed." That is just what Cocgraas insists he most not do. He is not there to make tjoatharn people love the Union, but to obey Congress, with fear and trembling. They are rebels; and if they fov tha Union it must ba because ths Union sympathises with their rebellion. They ara not expected to love it what is wanted is that they should hale it, and deaounoe it, and refuse to obey its La we or pay ita taxoe. JTiaa wa shall have a good excuse for depriving them of aO.

po litical rights in the Union, and ban ding them over to th enfranchised slaves. Ths Banner has hit Gen, Hakoook a bar Jar blow than it in tended. Some of oar cine arrnrigements are enough to make a man laugh, at time aad certainly those Japanese strangers to the City who should have read Washwotob: Iavrsoa BUtorg ofNwt-York might eurpose ths Knickerbocker fathers or New-Amsterdam to be still alive, whan they see boxes stationed along ths streets to receive letters and journals, aad find that tha openings in ths receptacles are too small to lat half of the matters bs put inl In blaMst aU ths streets may be seen piles of folded newspapers, with their stamps on, laid on ths covers of the postal boxes, and there left to th aetion of the element and tha curiosity of th public, till th messenger oomea along and gathers them in. If these boxss were only intended for letters, those who contrived them and forgot th newspapers, must have had very little foresight. ss people ta general ara as readily disposed to send a tournal as a letter by maiL Something ahonld be provided which would allow tha citizens to deposit their nawsuapais along atta their letters for ths post.

AunoRXA BstrsTET, th iUnstricrna colored delegate from Savannah, haa already lallea from his prrrnacW of fame. Only ths other dsy ha was a power in tba Gworgia Convention now "bom so poor to do him levmsnoa. x- peTJed by unanimous vote, may now bid, hks Cardinal Wouxx, firewall to aU his graatnsi And if there be aay other af his raOow delegate wbo have records hks his, not bearing tnsps-tion, or who ar temp tad to a bearing which does not comport with their merits, let Aabost Aixsorxa's fata, hks Wolsetb to Caunwaxr, teach them to beware anibition." MeaawhOa, the Convention itself aaay be eoagraralatad aa having got rid of one mar ohstaci to race struction." First th psy, and than Braput, distracted ita attention, which eaa now- 1st as' hope, be concentrated on constitution aitring. The colored vot of Tennessee ia Rapidly vindicating itself against aU who distrust its to th statements of its friend, rsonm doubts having bean expressed thai it would not bs as fuS ar as strongly Re publican ai tha next auction aa it was at th last, th KsahviO Press aiaeness aU such appra- hsnaiona. Ths fact that th Democrats have taken ground sgainat negro suffrage aettia that qtieetioei for colored voters, "who," aaya th will not perplex their bead about taxes, foreign wars, bonds, or mMjotUtr farafioa wiucA stay aafereef ka Thutoaprotn.

Mrfog begmrnjtng. Xba oolored votera wilt only vote whan theirs own liiiinsiTiete tutor est are concerned. Such paltry questiouB aa twnds. foreign wars and taxes which soassrn only whit votora they do aot inUad to trouble thamanrvss about. -s.

Our Ex-Mayor Wood favors th sbohtioa oi tha Dqpartineat of Education aetahiiahed by th Last Congisss at Washington, ar glad to bos that bs doss not do so out of aay objection to education In tha shatract nor from any Itt- fajj; fvos axtely fram the fear that i thatiimsal away tail into aad-aAavds. as that to beew; tlai ibaaj visas likely happaa to aay wa good deal 1 a tbsasiua last rj. (Trample, lost the Mayoralty of tha CUy shanaj fan Into bad but neither Tatr. Woo mmr anybody ease thought ta daagw a aa to warrant tbe abolition of ths efSe se apiMtleem axeAae TV Utps3sioaa hold i la watt kaevn speakers af th pcemaeJ tba irnisii aa Orr. Mommnjt of WASHINGTON.

A FAIRS AT TBS NATIONAL CAPITAL. 3eat rriilMUM l.Vi VTarxToa. Tboavlay. Fa as. nesrsAT or ras rMrxAonmmrt Th apprehenaicne existing Tester lay regard, ing th fat of th napsechmeat project ba ths Becooatructioa Committee were spceduy daw, patod this Baorninf by ths action, of that Oaa nuttee Thara proved to be mfTlrWit praabaaj wisdom in ths majority to defeat tha vigor attempt of Mr.

Swans to gat aa aipiiawatu af th Committee ia favor of impeachment At fa mewting this sararaiag ha abated that ambJa oaaa. ion the investigation had goa far enough, aad ha desired at once to test th aaaa of ta Oosn. mittaa He therefore offered the fnQowtag laan. rations Mailnd. Tbat AaaanTw JonaoB.

Pram dent at Sat vnaa wmiea. aa imaaenaaa or aica Tbaf of tba Hon of rosea tativaa aad of ad tbe people of tba Uanmf BoMee. do tarpeaeb AAmaaw Joaaeoa. Preaideat ai tae United states, of bigb eruaes aad era. aad Hernial tbe Beaata tbat tbe Ho reaaamMv will ta due tune eahubat ear el of impeach moat against aim aad mesa goad eaa Jfaianl That said oonmttte da Snare take order for Aanasw Joaaaow to answer to Jadga Bdoiar at one moved to lay the mtioas on the table, which was agreed to as fcnV lsw: Yeas Beamaa, Brooks, Beck, HnJburd aad Paine, six; fbur.

Bepnblicans and two Dernocrata. Nays BoutweU, Fsrnsworth and Stevens, three, all BepubUcAna. This pus ends ths whole flatter, and bears out ths opinions ss to ths result sxpressed by your ear-- j-respondent when the; matter was first rater-red to the Coaunittes, and when asartyi'? all th dispatches from this city took the epaav i ait view. Mr. BaoxAi'i atatue ta thai an ties i lias been aU th time eon si a tent wuh his paaa- tion heretofore, and the reports that ha bad changed his opinions on ths subject had foondaaon whatever, The 8ub-CcAunittae wB probably summon no Jmors witnesses, and the'; second attempt at impeachment thus ha unease even a greater fiaaco than th first 'I THE ALiRA ELRCnOW.

Oen. Mkapb haa adviaed Gen. Quart that a) everal oouDtiea in A la hams, owing to various circumstances, but principally bacaaaa tat voters bad no protection, ao polls were opeaed in the recent election, and ia others tha poOa were not opeaed on th fourth day. He has therefore ordered an investigation of the tbcta. and if veil founded, will order pea! elections in those localities.

The question of tha rUioov-boa of tha Constitution may therefore ba ia doubt aftar all. .1 avsxxxes kv ooorrss. Ths prooedings both Hons as of fjoagrem to-day ware dull and uninteresting, aa they wen mainly devoted to contested seats, Julg TaoatAS case being op in the Senate aad the case ot Smith ta. Baowa, of Kentucky, to the Hottaa. "During the morning boar fa the Hon, however, Oen.

Bakes bill cowering th rights sf Btorshaad oitiarma abroad waa eoejeidored, bed went over until Monday under the rule, whee it will bs recommitted. In Booardano with roqaaat from th Forwizn Comniittoa. Tata aTOiaci aiu I. Ths Deffloiency bill became a law yeaterdsy without tha President's signature, which at would doubtless havs received but for tha fact that at appropriation of boot than half of doHArs for reconstruction pmoa It also contains a prolusion limiting the mat sf sUtioaery aad newrpapors donated by the 0v-ernnbsat to CongTsaaxuea to oas htmdraj aA twaaty-Av dollars each seaaioa. rssEDbnnr's atraxAV.

Th rTeid4at has sailed on Geax. flratsate a datailad liat of th persons now acting at tit-tint CisnaiiawinTirrt of ths FreedmeBU reau, with ths orders under which they are acting, and ths clerical fore at than Th obtoot of this datnaad is yet a Unless Beorotart Btajttom twvwkas th nV tag order, which was issued by CGsAjrrsaf-ing his ad iwidrnw, Saeretnryshift ths spsrah I TMMk Of tn ree)uaaea a aiiuaaa aa aaiiari, see and Kantocky will asasson Saturday bs exoaot tts suTArrision ever th adneatiaasl mtareateof thsfraad StraV nous effort hare been inada to inflneooa aw Becretary to rtrvoke th order, but tha far at haa ateadf atly rafaaad ta taka any aotioa TKB COTTOaT CROP. Th recent nss in ta pries of eottoa already prednoad a asagioal aflaotm ths In aatarn Gworgia and South Carolina there ia a nromis of 800,000 mars bab arma antidDatad last Fall. A New-Tork Bxaa, just returned from a So thorn th md'-" point to nearly bait the total of th crop. TV Per bin elafan Sarainst th eruitioiwAecnaidrd at amgth by the Cotnntittos on Foreign Afiaira this Baxaiag, sw ao final action waa raachad.

It is wall now that a majority of th Comnutts at favor of th Ahvska pxehaA, Bodthatb" aiake a report to that effect as soos af sm slaiaitdispossdfrf. Th Pxwetdant, ofhwown abotiafc anted t-r naWRWw to toO" aftar ba in thia city, in eomraand of ths Diviaaon of th Atlantiri, i eoaauiAB AAV Piruauiw Ths Consular and Diplomatic Afui bin; reported onto Mth Inadiltoft" on swiginaXly tutrodnoad. ras arm J1' prropnAtion for ths -alary to th PurtogaL and providaa Cuaimiawinaars sa autOanaral to Haytt and lAharia, Ministers. Th ha fattain no araopria-fbrlliiuAUrs to Cfcwsea and Bom. th contingent fund of th.

SttolI trom to moot; mbTJm 8acoaUAAaistAn rcrery of nnriat. tnoncy for th. OoMy 2iary: For raminsr of CUima rent Departaaeut building; BuxnrtataadatM mnwion, Watlitistfsi Tsrritory. Th Uias proviso that no Omtnl Oent CoMMilBfsnawjMagwnts or ecsDmsroiAl abAilberd, except those spacifled hi th and afl Uwa and parts of Uws providing anyaasn of any other cossuUr ajaqwt ta tbi. yt Ajeoiaad au hirsirrr I eraaaa IMA I i a an an en ana -w amrwBaaBU.