The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-12


We have adyices from Vera Cruz to the 9Th ins
The news is important A strong and active part
had risen in opposition TO Comonfort among the
Gen. Parodi who had issued proclamation again
the Dictator. and recalling the acceptance Of Il
plan Of Tacubaya. Comonfort had appointed ne
Ministry, among whom were Alecatris, Espart
Cerdo and Payne. On the LIST inst. he left the Car
tai at the head Of division of troops but bis des
nation was not publicly known. Civil war was r
garded as inevitable The death Of Gen. Alyar,
was reported.
But little of importance transpired in Congre
yesterday. In the Senate propositions were pr
scented for the establishment of mail lines betwee
the United States and the north of Europe an
South America resolution was adopted calm
on the Secretary of the Treasury to report tn
amount of revenue collected in each collection dis
trict from 1862 to 1857 also the amount expended
and the number of persons employed in collectin!
the revenue. General Houston introduced q resou
ton to give the President power to allow the ftee
officers who comprised the Naval Retiring Board {
be tried az to their fitness for the naval service
Joint resolution was adopted extending the powe
of the President with reference to the nava
officers reported on by the Courts of Inquiry
The further consideration of the Kansas que'
ton was postponed till Monday next by which tim
the result OF the recent election in that Territor
will be known. The Presidents message on Nicars
qua affairs was referred to the Committee on Foreig
Relations The debate this subject will not be n
sumed until the committe report. The House n
fused 10 receive bill providing for five additions
regiments for the army, and after speech from a
Ohio member. sustaining the Presidents views o
Central America an affairs, adjourned.
) Mr.. Pickens, of South Carolina. was yesterda
confirmed by the Senate as Minister TO Russia
The Legislature reassembled last evening. III
Assembly balloted half dozen times for Speake
bot without efecting choice.
In another part Of to-days HERALD will be foun
an interesting catalogue of the failures in Americ
Great Britain and on the Continent of Europe. wit
the amount of liabilities and assets. II will he sec
that in Great Britain while the former amount
-four hundred millions the latter do not exce'
eighty millions, or that the bankrupt firms viii n
be able to pay than two shillings in the poun
which Ia equal 10 about ten cents on the dollar
this, however may be considered an under estima
Il will be seen by reference TO the article that v
have act down the assets at four shillings in Il
pound.
The following are the Liabilities and assets as pu
lished and estimated:-
Liabilities Assels
Ia Great Britain ...... $500 COO 900 $50 %
Couianent OF Europe 49,. 300 600 900 GO, 900, o
Uailei s,Aies and Canada. Soo,oooooo is4'oco.c
Total. ...............sio 900 coo. 900 sZs4 900 %
These statements show moro forcibly than ar
language The rottenness OF the whole system up'
which commercial business In England and on q
Continent has been conducted for years Efor
have been made and are making TO patch Of
bolster up the bankrupt concerns. in the ho
that by such means the unsound portion
the commercial community viii be saved fro
the impending ruin. Whatever aid they ha
received, OF may obtain hereafter, viii. ho-
ever, prove unsvaiing in the end, although tn,
may postpone for q while their ultimate downfa
Attempts Of O similar character were made in III
country during the financial revulsion Of 1887. b.
the efforts resulted in q most signal failure. II
true policy IL 10 LET the revulsion take its course
only such houses as are conducted on right prin
ples will be enabled 10 stand. while those which a
unsound and rotten must go down in the crash. v
are now presented with somewhat similar case
that 10 which We have just referred. The operat
of the Bankrup, law which WA passed after the
forty thousand bank-upts. and that the anDu
OF assets did not exceed fen cents on the dono
During the recent crisis here, beginning in Augu
last the total liabilities including the defaultil
railroads amounted 10 about sir hundred MILL
dollars, and the assets will probably present a pr
portion Of about twenty-five PEI cat on this sum,
a total Of one hundred million Of dollars The who
number Of failures In this State for the same pero
was about seren hundred, while throughout q
whole country, North, East, West and South, incu
ing New York, about fire thousand took place durii
the crisis. OF these considerable proportion we
granted extensions.
Mr.. Theodore Sedgwick. the newly appoint
United States District Attorney, was yesterdi
duly qualified and entered upon the duties Of
Office
We publish to-day the letters Of instruction fro
the Russian Minister Of th. Interior TO the Militia
Governor OF Vino, and the Governor Genera
Grodno and Kovno, developing the plan decreed
ihe Emperor Alexander for the partial and gradu
eufranchisement Of the serfs in the Russian Empir
IL n O most important progressive movement. al
DOUBTLESS viii result fsvorsby for the prosperity
Russia The letters Of instruction Of the Minister
abe Interior will be found full Of interest, ss tb
BET forth the details Of the project.
serious accident occurred 10 the Chiek Justice
Gle Superior Court, Hon. Judge Duer, on Ssturd
night. from which be u likely TO suffer for sor
time II seems that he visited the house Of !
sasoctste, judge woodruff IN Twenty ninth stree