The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1855-01-04
LATEST MAIL. NE vs..
rcorre.nondence Of the nispa,ch. |


NEw YeaK, Jan. 2
There is no reason 10 change the opinion which
h.screvsi!ed here some days as to the IMPROVE
mont in money matters. The Bank statement OF
1.s, week shevs an increase in every thing Loans,
,,ac;o circulation and deposites of loans. s393,
.,f If .pecie s5se 2G7 of circulation Slal,2i3: OF
d,p,.jes S2S69 oa3
,rt;s a,ranocn virginia Ga sold al %. Tails il q
,;o oC .,,o mr.. -saY on the highest sale OF FRI
a,v the interest then being included with the bono'
:, sa7. | suppose the uncertainty as to the course
-f yasjuia shou, the pledged bonds and the 'uf-
uncertainty as the date and numbers OF those
h,n3s or any others the State means to protest or
st,scb affects the price. BY all means your
R,srd OF Pu5lic Works ought 20 set the matter al
e.r and !e, the publib know the Nos. of the bonds
anon which they mean to take legal measures
Tho SUSPENSION Of Wadswor,h & Sheldon, bank
o,. creates quite stir here II is stated that their
ris,ri,ss exceed their assets SL500,Go0; and then
q, % H. assets, what are they 1t has been found
that there is wide difference between the nominal
and the real value OF assets, They were agents
4y illinois Il is said she will get her money.
home she nay. When the States who put them-
solve. i; the power of the humbuc bankers OF the
,sy lose a lew millions they'll sop that mode OF
selling their bonds
There was nothing done here yesterday but frol-
licking. Gotham was in a rolhckiug aud jovial hui
r,r snd those hard up laid aside their SORROWS for
Jay ul tun-poor fellows, they wanted some re-
lief To-day the ladies make calls, and the way
hey DO spin street yarn in their fine dresses is the
deli. ht OF the dry goods trade. B.
ARRIVAL OF THE BLACK WARRIOR
-TIDINGS OF THE SLOOP OF WAR
ALBANY.
NEW YORK. Jan. 1.-The steamer Black
Warrior arrived here tot day from Havana,
with dates to the 27th ult but embracing no
fhins Of the least interest from Cuba.
II vas stated by some passengers who left
Iaguyra on the Sth of October that the L.
y ship Of war Albany was then there, and all
hands welt. 1t was understood that she was
bound down the coast.
NEW YORK, Jan. THE Wing General
Committee are in session tonight, and hav
ing stormy time over contested seats. The
issue is between the Seward Wings and
know Nothing Wings.
CI>cINxAri, Jan 2.-The receipts Of hogs
At this city up to this date are 5000 short OF
las, wear The market l. dull at 81 so 70.
There is a depth of I feet water IN the III
yer. and freghts are declining.
SPECIAL MESSAGE ON TIE RIVER AND
HARBOR BILL.
The President on Tuesday las, submitt3d 10 Con.
er.ss the promised special message on the River
and Harbor Bill. We suboiu synopsis u the docu.
mout, which is quite long one:
He says in returning 70 the House of Representa-.
lives in which it originated. the bill entitled au act
making appropriations for the repairs preservation
and completion OF certain public works, heretofore
commenced under authority OF law, it became ne
cssary tor him, owing to the late day which the
bill was passed to state his objections to it very
briefly, announcing at the came time purpose to
reserve the subj ect tor more deliberate discussion
at the present session OF Congress- for while oy no
means insensible to tn. arduousness of the task he
ruucedes TIE two houses Congress are entitled to
al expression OF the considerations which have III
daced the dissent Oh his part from their conclusions
III This instance
What, he asks, is Intended by the phrase inter
na! improvements What does il embrace and
what cxc.Ldct No such language is found In The
constitution. Not only Is 1t not an expression in
the constitution. but it has sufficient meaning
tnbp oil gny value means OF safe conclusion
either OF constitutional law or practical statesman
ship
ii there is any power to construct railroads and
canals there must by the same forced construction
he power to construct bridges. and drain marshes
and proY1emeans OF irrigaton-in fact improve
Ineni Of the earth Tor the development of natural
resources.
lie says he had occasion more than once to ex.
press his judgment and took it tor granted that
It was fundamental proposition, that the Federal
Government IS the creature Ofthe States-that Row.
ereisn power is in them alone; and all power of
Federal Government is derivaive. All powers not
delegated 10 the government is reserved TO the
States, respectively or to the people. Starting from
this. and denying that power for a system OF inter
mai in fhu 10
the Constitution, he proceeds to examine the var
Gus clauses IN tina; instrument under which power
for Gys;em OF Internal Improvement is claimed
coming 10 the conclusion that there is no specitc
power for such works and no provision broad
enough 10 cover them This view has been main
taIned by the soundest expositoTs OF the govern
meGt
Congress can only construct such works as may
be necessary 10 carry out a specific power He re-
i7fs t"tne views o. Jefferson, Jackson Polk and
others "a commentator and approval; and then
estimates tho vast expenditures which would ne,
cessaFy Dr. involve III system OF internal improve
rnents, i The improvement OF the navisabiity of
river or haTbOr be necessary for military naval
gurpofes the subject is then matter for legislative
discretion.
In conclusion, the President says the considera.
tons b. has submitted added to the embarrass
melt vi The whole question, inpels him to suggest
the policy ot conhning appropriations by the gene
"a! government TO works necessary to be con
s'fueted from its undoubted powers, and of leav-
ing ali others TO individual enterprise, sepa-
rate StaEes to be provided for out of thet own re-
sources, or by a recurrence TO provisions OF the
Constitution which authorizes the levyiug of ton.
mage duties with the consent of Congress, for the
Improvement OF harb0rs
The RECENT MURDER IN FAIRFAx-The follow
tos particulars are furnished 70 Washington paper
by correspondent:
A most foul murder was committed at Dranes-
s"e' "iiiaX county, Va, on Saturday last, while
Tie slave hiring wac going on The victim was
young man WHO mad Just reached his majority WI
'oEe an eAGe.iant character, by the name OF Henry
LAY Sinclair, and his murderer is a fellow Of a
, 700 us b d tEaracter by the rame of Robert
DTAey- The !acts as far we can get them are
d lows DcKeY, its supposed, ha some grudge
asahs'slrc!a'r. lie borrowed OF him his knife
.oi Tue purpose ii ID said OF disarmiug him. after
"9eh ne picked quarrel with him, which result
'l III H2ht' during Which Dickey stabbed Sin
,,1n several times in each breast in the abdomen
IN, ana arm iniiicing Z number Of frightfu
"ol'.us nearly alt Of which it was supposed by
p"yteiahsr sufficient TO cause the death Of