The New York herald., 1864-10-25

"
authority Of the Crown aeedess to cay that the ad
VI the Queens r0ls would be under tia
psrmaneot necessity o securing majority Ia the popl
lar orauoh tno legislature The federal authority would
have a. supreme control of s AFFAIRS to the
whole courtry, such as customs duties nsvgatoa laws.
currency, geuer taxeton and crnnsi law. would, of
course. provide for the military ana Of
country pusic works and the postal service Happily
the husnoes IL the provinces Offer no nsur-
uouutabe obstace 10 the assunr,iou Of ali their habit
ties aud asseta by the federal EOy rpment uastnuch
the debts burdens now borne bv the people
OF the several provinces arc peii! nosry equal aud the
revenue et each IS somewhat To excess OF the expend
ture More difference Of opirca es sts the const
tuition cf the local seCtoBu legislative assemblies
Sofpe for t~o chambers while othora precr the sim
pcty or ons ory some w,ud make the isca executive
responsible 20 tho legislature othors desire that the
lieutenant governor ard other chief officers may be d.
rectly elected by the pecte Az however, is not alb
eoutey necessary that tee sections 10 erder
bear their part 10 the coumoa ssem shoGd re orgazd
aIike LEGAL purnoses differences Of opocn On these
points win net seriously obsTucl the OF gem
erai uDcr. The nrst requisite Ia the constitution OF the
eder ason s that the powers government DO 80
distributed between the federal sectional authorities
that each portion Of the whole eaa tee its local
safe in its power while strepsh of
all may be combined 10 promote the eenoai prosperity
We see ne reason doubt ihst the delegates reu as
sembcd al Quebec will thor great work and
bavns done 20. fteg pn hare coasf0uci IN hr ctrs.
1~ed. B,I'ish Ame,tcan nation, redesaed from pro
vinciaty richly eudowcd ana secure in tue present
aid able 70 look onward with conndenoe into itare
lircn the London Telegraph oct. i2.l
Seldom has there besn held a more iinuortaat son-
feence q STATE nn than tina, which assembled recently
at Halifax 10 g cder tue proposed federation the
British North american provinces OR their do
liberation depends TO very great extent,
tho future OF = country which possesses
germs ~ a wiskty enapr>. The statesmen OF British
North America have conceiv ed tho grand idea OF iede
ration lhsy WEN - ou'a up rs'Sa; tut 'hsy a,sp
schemc-to hare this naiion still hnked w the cioest
ties 10 GraN Byifoin. In other words they have no
notion OF seeding th0y wish rather by ncreasng their
ow strength become wcrnier men bers Of tho con-
tral To this end their notsbies have net together
hax
tendency mat IRE erd tno years dg e1d, ch.orays
saent oa ne impoia gore'nnc Add to ibis fact the
eoua y sign meant circumstance that the officials OF the
provinc apd tbe Admiral Of the British feet upon tho
American station joined IN the recent proceedings and
viii at once be seen that the object is ore
IN when tie mother country Can heartily CO.
operate with ITS thriving children across the Atlantic
may te possible tnst ew Canadians would prefer IN.
CORPORATION with the Nctbern portou Of the Ke Ua.itra
Se but the number OF these is Insignificant and the
dlsloyai faction would at once be overwhelmed ard
swept away bs the creation confsderscy. We
must not forget that granted certain chaag Aerca
politics, the enforcement Of e Rorcs dccr frcnd t one
n hS E,s ,;,cs soo. bu car restless cous.s All the
he,,sr Iii, a be- bv welding the Britsh proyifces into
comrrct Nationality TO proclaim a. once thst We re-
gard this famous doctrine as an nsote tra, which
We hold ourselves prepared 70 resst by force OF arms
Firmly believing that the pro,ect viii be Immensely
beneacai 20 the coonies, convinced that il will
matter aready Stands l'ogand committed to III pro-
lection every OF he SOIL he It on the Indus the
responsibility is great: doubtless the work e arduous
but the duty eyiss. The bcat way, indeed TO llphton
il II TO eel upon cconos Themselves TO take nes-
for their defence, assuring them that when.
ever iuS odds toe bea3y against them, wherever
the danger becomes aeroGs, We pledge tho British en
pre- to sLeir AID
Vhe Danish Question.
Al tue Peace Conference compromise s said to have
been effected On TIC financial Question Minor questions
also arranged and there only remains now toe
crawtng m of tbe treaty ~ peace
The PARIS correspondent of the London Timer that
there good grounds for uecvns that
have been made at Vienna and Esglin, by England and
eat
the Austrian and rr1ssan Pcrifoientaries on account
OF the blockade during tho way and Paris paper pro-
fse TO know that concessions have been msdo to the
Danes the Conference, that . larger portion Of
North Scbeswg than expected ~! be Incorporated VITA
.utlaud.
The Financial Crisis.
Commercial affairs continued TO be The principal
Oh d 'uscon in England.
The depression 10 commercial circes shows diini-
nutcu. ana business especially N Gotten, y almost
at a deadlock, and prices eontnued TO fail.
The additional iaures winch have taken pace IN
cludcs--
Louis speltz, large cotton dealer in liverpool, with
l,btes amounting 70 three hundred and twenty thou
saad pounds sterling.
Mcssrs. H.ne Mines Co., cotton hrosera In Liver.
pol, with cons siderable liabilities.
Messrs Bcnene Co., nercnauts in Icnocr, whose
liabilities are small.
,hc 18th showed great suesdenee and there
sucuty inerc steaainess in the ftnas. The mini
mum rats q the l'sn. Was niue PEI cent
The halt monthly scttlemept 10 the rebel loan exhibits
strange auoaytle price ia london be,as IS, IN Man
chester o. while u Liverpool cwnc 10 ,he extent OF ~
verse steculrt ,ois, u la robcuntet g. IL.
At tie Leeds 'aakrupcy court the icads iaukiug
Coukau, proved te estate of tue ahscondcd back
rupl Masen or ~ 900. and stated sheir securities ss
'untlns tc -li@J5.
liz suspension nourced cf three Greek houses VIII
have bee, 0nloGtct II lai:al operations, hut wboe
aggreqae liabilities coafAsGtvcly uu!mpotah The
trmgssce these u Ir. &. =. lasCard., w winchester
House uld Eroad strcct, NeesrS Msyrogordao Co. os
Gresham street and Messrs. G'a<copd Rrohcrs also OF
Grrah street. lie liabilities of III Isl-tafid axe
though. ID lie 10000 but those " The other two irBs
together are probe biz not more thaa 100000,
~. creditors MeSsrs 1erirhs Co. cnttnn dealers,
who aHrauaed tae 32d of September met ~ Nrssrr
1,uef Ban 8 80. r Offices Ionupr wucu statement
tnc g,eir subm!t.ed showing liabilities estn itco
rank upon the estate {" G2 naa. aud assets etmased
At Aa.9lf.
Tne qHrpanSi,n is arnounced " Mr. Inward Lryard. y
Bio rRLe street. lpsen, respectable trnncb merchant.
rather largely engaged foreign exchange And banking
transactions Hs direct liabilities stated % 10 lhrut
gaC0 600 and il the fact that about c1a1 900 ci
these Jle cottnn bills from Havfe thar thc rr fcnt
dhHculty attr hutcd. These secured by bills y.
ladirg &c and h0cs entertained of their beng IN
the Ntoc, well lucF
Ibs ondon ftmss says.itr. ". 5 Groves. merchant
10 London committed suicide last wees. The eyitence
Of he INQUEST showed that he had sustained severe
Ii with America. aud his partner being
o.. present IL New YORK. white alone here, the trouble
ngsyod upon his mind IN most distressn. 'oanncr
BIS principal Acticus The Cogn itchtn,e
HrrM1 Nutier's Trtai.
.tYSF md tinN a