The New York herald., 1850-08-29

PHLADkLPHA. Aug Is 1850.
The Canals The Cool Trsde-- Increasing sesrsify Of
Ssipe--an TnJa@o'ls Cherg, SmmMa'iiy Disposed Of
Positive Resignation Of Mr MeRsnnaa. &c.
After Interruption of some six weeks the canals
ssding TO the various coal rgioas this State have
been either temporarily or thoroughly repaleed aud
the operators are ensrgetically engaged In at
tempting 10 makeup the anticipated In this
years supply OF coai ny increased shipments for the
balance Of the drawing neariss close In
this they can only os partially successful il the
canals not seriously disturbed ty the shakngs Of
the sutumnal equinox A. stated in my last letter
the sehuylki canal is Ia nayigabie order agau but
the supplies by this improvement are almost wholly
for the New York mar ket. The shipments by the
Lehigh canal during the past week reached the very
large amount Of 20 5g7 tons The transported
over thu Reading railroad is slowly but steadily on
chs increase reaching IL will this week 81 900 tons
III colliers could proc Ia sufficient
tonnage could easy b. increased 10 over 4JO0O tons
Per week; but. II there is SUN ient number
s vessels ana ear for the wants Of the trade
Before the email notr law into operation, silver
was sufcis bty scarce in this city TO command pre-
mium Of one PER cent but now much higher per
centage IL dsmAnded for small snms Unless the Mat
coins large amount of gold dollars aud quar-
ter eagles retailers will be pat to serious inconve
nencs and oss The trath H. tfas since the discovery
OF the plac.rs OF California gold mas been cheapentns
as silver has sdsabced IN value; while no prsy-
sion has yet been mad. for this phenomenon
in trace IL would be- difficult To show that the snuua
yield ut silver in all the world EQUALS the
annual yield OF gold ana II the prospective caouia
tiop OF The aliiorbaps to De relied upon it will
not be years before the value OF both metals will
BE- neatly IL LOt quite. the came In view of such
contingency many ci our Philadelphia soons OF
opinicn hat inmtdidt- steps should taken to pro
cure the passage OF Law by Congress- in regard TO
what ,ba be la wtul tender in ire fuldiment Of con
tracts which MAJ bayt many years to run.
An important d. csicn. TAR respects private
putation. uss made this morning by judge Kelly
gew days ago cbarg wa preferred before Alderman
Mitchell by eouuactor Of ths city against one of
our most prominent citiz-nr. Of altering a power OF
n a. lH n htT ar linz
The f'w whO heard OF the ehnrg; amazed aud
usll they might be- Tor the g.ntl man accused was
vel known "a the community at iargr for the great
extent II h's businvss opsrati his plo neaas
and eieat and tor public and private reputation OF
Tho mcst rTs prUAchsbr ch Tscter Several days were
consumed IN The ~xHuins ion at Witnesses and at it's
termnstioI, this kind before an Alderman
are always OF pate char the accused was
held 10 bail 10 th. Of the criminal
court To day The care came up before Jndge Kelly
on writ of hobtGs VIM, after patiently exai-
BiDg the testimony oi rh. prosscuriou. promptly re-
lsasso tbs defendant The object of the prosecution
was 80 impudrptly aDo transparently infamous that
the court old not oesm It. srssary to examine the
testimony prepared by the defeBdants counsel 1t Is
onderstood that proc-s ding will in time be in
stituted against the pro-s cntor for perjury
have lust seen letter from Wsshiny nyton Pa writ
ten by n CONFIDENTIAL trteud of Mr. McKsnuan in
which be states. %r nck teudrred his resign alton
10 the President before leaving for home speak
astboritativviy wb~p say that be has unqu adediy
resigned hs 10 the cabiu-t The dslike OF the
efhce the main OF the resignation. for as
Secretary OF the Interior be had plenty of work little
nohor ana l.sr patronage. Mr. Mckennan resides in
Washington Pa
There - fair amount Of busi ICES transacted at
the stock board to day and prices The whole show
sn improvement over the closing rates OF yesterday
The ssits TO day were on Washington account This
has significant look.