New-York daily tribune., 1858-04-08

Fr...Siate men from tse thleh eo'n.s -
Of the Black Power; your strong, eoh" =. ~
tagging advocacy OF the Reht " oPL"s,.,o. :,heJ
Wr,nc-sl these considerations have been weisned
in estimating the obligations which hrPuohoahs
eve,vubere oge 70 THE TRIBUNE. In this CON-
mu,i., n. friecda Of Freedom recognize your
claims with no .tincy Oblstlor. No"heie uo Hr!
val, more mpatieuiy for The ARRIVAL OF 'ne't nio.u-
ING sheet nowher yield 20 ts ringing dennnclauou'
its solemn warnings, lie SOFT humanity "Olo .
t.ntive obedience. They lave done "ohoeis ~n, pn,
M. where greater ones will yet b. wiDesscd' bu'
If .he,e expressions fall upon your ear. as lfe com
mcn.pIace be- not so dec.yed. ln this moment OF
r.oisipg AZ an oyershadUwng victory II is ithpo.sr
bic 10 refrain from pome Acknowledgements o' lne
deep Obligation which all good men owe u Tie 'ADo''
Of TIE TRIBUSE.
Now mark the conduct of the hre-eafing I+!n'
ocrary in this new and unexpected emergency. IoI
the fret time in the history OF our crsnu! u.
South has been beaten in haDd-tO band battle MID
Freedom In all former contests the mlfi sase
way 10 compromise. But knowing OF Old thstthe
South keeps no eompromise-maintaln no ia
and would cr1,h the North under is iron heel, the
North has. for the first time, refused 10 compro
mise. and has conquered. Only few weeks ago
the Old threat of disunion was made, Do" II "ouh
BE- done If Lecompton were defeated, and Who were
10 start the ball. Where are those threats no"
Where il the threat TO shoot Banks as lie went up
election or of that To massacre Fremont IN case Dr.
vere chosen What iDpotent verblsge It all
amounts to. What backbone the baby Nor'h mas
heretofore lacked that il should ever listen 70 II.
These helpless and dependent creatures of tue
South 10 threaten the North with dsumOn 1he
buubug of di.union requires the inspiration Of soy-
reprty 10 give IL vitality No sovereign voice has
ever vet pronounced IN favor of that s'npendous
treason. The Honorable ssvedryers who stand mp
n Congress and swear that they will dissolve the
Iniop mistake their vocation. Their threats upon
LecouptOn are as imeOtent and childish a. were
those On Banks. Even eloquent newspaper cores
pondepts find themselves equally AZ fault IN stirring
nm tho contents Of this immortal mares nest. Hap
pily the people of the Union have some say leit
mon the time when and the men by whom 1t shall
be- dissolved and more happily still, the demsgOuge-
who have heretofore cracked theirs Whlps over u'
are fast finding out that they have become as con-
temptible at home as they always nave eeeh
among US.
Tie ayenging hand Of criminal justice has at last
fallen on the men through whom the Bank OF fenl-
syyapia is believed 10 have been prOstrated ALL
bone and bic bosom friend and tellow-Dlrector,
Thomas A. Newhsl have been indicted by the
Grand Jury for their conduct in the premises aud
we shall now have the vail Lifted Tor the hrst tlne
fr,m long catalogue Of ofenses when nave mere
ofore been shrouded IN nnpenetraoIe mystery; me
Di.t1ict.Attorney went quietly before the Urand
.Jury with his witnesses, procured the hndlng OF
true bills without difficulty, and then struck the
partes dumb with confusion by an unheralded war
rant Of arrest. 1t is charged that these parties
conspired together To cheat and defrsud the Bank OF
some S240 600. 1t is charged that NeWhall owed
the Bank Sl26 600 on his simple checks, which Al
Ibone counted as cash, aud that 10 pay this In
debtedne,s Newhall drew a bill of exchange on
Rossten & Co. Of Manchester for $50, 600, which
AIbone received On behalf of the Bank, at the same
time paving TO Newhall the surpes of SlliUo.
The allegation also is that at the time this bill OF
exchange was given to .Allibone, Newhal had no
funds in the hands of Rosstein \ Co.. and that Al
bone knew il. The bill was accepted, but came
back protested, and the Bank Is now sued for the
amount Aibone, happening TO be IN the city
on Saturday, On a visit from hi, quiet cottage farm
in New-Jersey. was promptly arrested, and con-
triyed 10 find bail Newhall sued out a writ Of ha-
beas corpus, on which hearing will be had on Sat
uday Some humilatDg disclosures may be looked
for hen the two cases come before the jury. ne
same expectation will probably be gratlhed Wheh
the case comes up of the Bank against John Miller
late Postmaster here TO recover back that SO ooV
paid the latter for causing the Government To forh
up the money for the old banklng-h house.
Two bills are now before our Legislature desery-
ing of especial mention. The first is that for selling
the whole of the remaining canal. belonging 10 the
State This bill has passed the House, and thence
gone through its several stages in the Senats by dec-
sive majorites indicating It's final passage. This
bill i'll thus cut the StateOose from her gigantic sys
tenn Of public improvements, by which she has been
SO shamelessly plundered since the system was
naugurated Our example should be q warning u
all other States owning canals or railroads. When
the statistics Of these great works are investigated
the results are almost incredible. The North Branch
Canal has involved expenditure in the last nine
wears Of - eco 900 more than its income, with no
hope of improvement the tolls in l-57 were S91,
coo less than in l-56 The reduction Of tolls on
railroads hss almost destroyed the canals, as new
roads competing with them and with each other have
been opened in various directions. Even the coal
trade il leaving the canals The Delaware and
Lackawana Railroad in 1854 carried l3,9i tuns;
in lj5 il carried les -65 tuns; in l-3G II swelled to
296. 232 tuns, and in lc57 Ia 4V,G!3 tuns having
nearly quadruped in four years. Al all the Collec-
tors Offices the canal tolls have been steadily dmn-
ishing. Even on the Delaware Division, from Easton
10 Bristol the only canal which ever showed the
least ability to pay its way, the freight has been
growing less from year To year. The tunnage IN
l-jO was jG2 $40, yet in l-57 it was only $685.
having gradually declined from the highest point IN
I.52 of IA 40 tuns. The coal trades thus leaving
this canal and finding market over two new outlets
the North Pennsy lyania and the Lehigh Valley
Roads-which opened the opposition ball last
wear. taking l65 600 tuns TO market. The
coal trade ON these new roads is rapidly increasing
at the expense Of the canal. Last year the State
lost Sl44. 459 "a by owning and working her canals
She can now eel for So, 500 0OO what cost her
about SlI OOO eco, with the certainty that if the
sale is delayed much longer she will hardly be able
10 give them away. Taken ss whole, the result
of State ownership of public improvements has been
most deplorabe for The interest on the cost of
our canals added TO the years expenses, amounted
in Is57 TO S99l, ,3ol a. while the revenue was only
$500, ,OOO, showing dead loss of S491.3-4 "a per
nnuum to which must be added a large sum for de-