The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-05-23


ALso-The building No. 81 Ann recently occupied by
the New York Herad-a capital place for daily week
ly or monthly Journal or any kind ofprinting Apply 70
the Herald Office.
The News by the Acadia-Our Special Ex'
press from Boston.
Yesterday morning gave in our regular edition
the principal points of the news received by the
Acadia at Boston. The speed with which we cir
cuated this news was beyond all precedent, and
outstrpped every thing in the newspaper line in this
quarter of the world.
On Saturday morning the Acadia steamer arrived
in Boston with fifteen days later intelligence from
Europe, and the overland India mails. Immediately
on her arrival our special express left Boston by the
Great Western Railroad reached Hudson city on
Saturday night took the Albany boat then passing
that city, and reached New York yesterday Sunday
at 3 O'Clock in the morning, thus anticipating the
usual mail line full four hours. AS received
our men and machinery ready for action, and
in II hours we issued the Sunday edition of the
Herald in time for the southern and western mails,
throughout the country, besides supplying the whole
city. BY this means the readers, agents, and cor
respondents of the Herald, were supplied with the
news one day in advance of every other paper. Not
a single Sunday paper had this important news but
the Herald
This intelligence was highly important, giving us
the result and passage of the important financial
measures of the British ministry, and further ac-
counts from China all of which we give exclusively.
To-day we continue our extracts, beginning on our
first page, and the following private cores
pondence from Paris
Correspondence Of the Herad.]
PARIS, April 80, 1912.
Reception of the Presidents Message in PaY1s-State
of the United Statcs-American Minister in Paris
His Negociat neutrality-suspicious.
DEAR BENNETT =
The Presidents Message to Congress on the fnan-
cia difficulties of the country has come to hand and
the few Americans here are all pleased with the ee
waited and patriotic tone which characteristics it, The
subject of credit is ably touched and it is to be hoped
that Congress will now promptly proceed TO some
comprehensive and decisive action The restoration
of national, state, and general credit, is primary
object, much in reference to national defence as
IN regard TO public prosperity The country has been
prostrated and thousands of individuals OF the poorer
and more industrious classes have been reduced to
absolute ruin by the contests that have been going
about persons. The neglected interests Of the
popular masses call loudly on the Government for
tresses lies in the distracted councils of the Govern
ment at Washington and who does not see that this
distracted state of the legislative mind grows out of
the Presidential question Why was not the cur
Because if settled in this or that way this that
ddate for the Presidency might derive from the de-
cision some advantage over other asplrants before
the people In the approaching contest tor the CHIEF
magisracy.
Thus the interests of the whole community are
made subordinate to the ambitious projects of A, B.
G. ID, who blind to the universal ruin they have pro-
duced and deaf to cries of suffering thousands who
have been reduced from competence to abject po-
verify, only struggle, with heartess Indifference, to
reach tho pinnacle of political power. The most
triumphant invasion Of barbarian hordes into the
republic of Rome never did half much harm as
some half dozen asprants to the Presidency have
done the American people within these last ten
years. Let them be signalized, to whatever party
they belong, to popular indignation. Let honest
men, who care nothing for political power, or the
mean and contemplate rewards of place, set them.
selves seriously to inquire how credit be restored
and sustained. Nobody can deny that the general
execute, such great national works as are found to
be necessary, and beyond the means of individuals
or of States 1t cannot be denied that the projected
in Michigan, Indiana and Illinois,
now half completed, for the execution of which the
debts of these several states were contracted, as
properly national works as the Cumberland road, or
as the walls and the break waters in harbors.
Nor will il be denied that the delnquencies of these
much to destroy the credit of the government. Let
the general government then come to the relief OF
these young but overwhelmed States, and carry
through their works for them or grant to them
adequate amounts of land the annual sales of which
shall pay the interest their present debts and en-
able them to raise sufficient additional for the
entire completion of their railroads and canals The
early completion OF these works IS important TO the
general government, as means of keeping up line
OF internal communication In the event OF war.
They make as much part OF the system OF internal
any portion of their own canals or railroads. Bos-
ton, New York, and Philadelphia, have great an
interest in the railroad the State of Michigan
any part of that State The eastern and southern
Cairo railroad and the Chicago canal through ILL
nois to Lake Michigan, and in the canals and rail-
roads which are 10 open communication through
Indiana, from the waters of the Ohio to Lake Erie.
The vast regions OF the north, including the Cana
das, will one day receive southern products particu
larly cotton through these channels and in return
the whole north, east of the Mississippi and west of
the Ohio, will pour its rich products through these
channels into the Mississippi.
The general government, the northern, the south
ern and eastern sections of the country, are alike
deeply interested in the prompt completion of all
these works why then may not the general 60
vernment assume the debts which have been in
CURED by these States for the specific works
toned and carry them forward A general assump-
ton of the state debts would be unwise il is
but the OF these States specuiar
they have been overwhelmed by debts contracted
for great national works, which they cannot COM
Pete without the aid of the parent government. Is
it not then clear Imperative duty OF the general
government to come to their aid in some way or |
other!
Aside from all considerations of national obliga-
ton, in reference to the character and importance
of these works, of themselves it is the obvious po
hey OF the central governmentin reference to its own
credit If Congress would assume the debts of those
States with the view of completing their works on
government account, degree of confidence would |
be inspired at home and abroad which would enable
the United States TO raise any sum of money at five
per cent, which might be found necessary for carry
ing them through, for other objects These works
would then be the property of the general govern
ment; and if IT should hereafter be found inconve-
nent for any reason TO retain them they might be
surrendered, together with the debts which they |
may have caused TO the respective States.
II this scheme is thought incompatible, another |
means of realizing the object consists in the gift by
the United States of an adequate amount of public /
lands 10 these States respectively.
II is in vain for Uncle Sam TO think OF re-estab-
fishing his credit, while he refuses to assist his