New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-15

THE ATLANTIC TELEGRAPH COMPANY INCREASING
THEIR cAPITAL-AGRIcULTURAL PROsPECTs-THE
BANK CHARTER AcT-ESGLIsH PREEDMES's AID
socIgTIEs-THB REFORM AGITATIoS-MR. BRIGHTs
VOICE PAILING-A LITERARY RUMoR.
From Our Own Correspondent
LONDON Sept a. 1866.
Bravo Vermont Well spoken Maine! The results Of
the first elections have TO us over here durng
the last week in detail and every Union man among
u.s. aud let tell you there than you have ever
beeyed IN has beathed Imore freely Those Of US who
are not teetoaer have probably empted extra glass
after dinner TO the honor Of the advanced guard who have
quilted themselves like men IN this great controversy,
though sure by the way that Maine friends
will duly appreciate this part OF the complement Before
you get this the elections of October 9Th VIII
In all likelihood be over, and the American people
will have given their 10 the abettors OF
"My Policy" North and South, from Heary Ward Beecher
alas that one should have 10 write his name in such com
panyl the butcher Forrest But what maorltles Our
tines, preparing TO take IN sail aud bout ship, hIes
sternchaser to the effect that he Fenians hold the
balance OF power in Maine and Vcrmontl Well theni
say for one power to their elbow One is glad 10
hear Of late fellow citizens Of Celtic birth going rght
anywhere and We shall work for Ireland here WIN al te
more zeal IN consequence Not however thal we ae 70
be taken in by the leading Journal making all allowances
for the Irish vote clearly enough that was Yankee
yeomen and not Irish who won this fight The address of
Mr.. John Jay TO the Union Club of New-York, which has
only just got into circulation although il written three
months SINCE, viii do good here and / trust may
meets again. Mr. jays position and personal popularity
give weight bis words and he states that some of the
leaders OF the Democratic party IN the rst two years OF
tie war obtained 10 Lord Lyons, representing
themselves as entitled speak for the nation and urged
on him the policy of English Intervention In proof Of
his statement Mr. ia! refers to dispatch oil LORD Lyons
INCLUDED IN the papers printed by order Of our Parliament
in which is found allusiOn to these interviews Taken
by itself this dispatch dscoses nothing but the bare fact
OF such interviews having taken place. and implies mat
the persons who sought them were gentlemen OF hlgh
position NcwYork. Further information on TIC point
may probably be forthcoming from our foreign oihcer IN
answer 10 proper inquiries, which should certainly DC
made for your sakes well Mr. jays address is
in other respects most satisfactory document showing
it does how little effect foreign atmosphere has on
the sound American citizen. IL written before the
President had definitely shown the covcn hoof aud there
him enenty than Is DESIRABLE but III all
other respects might have been published io-1ay as
manifesto by the loyal institution to Wnch IL Is addressed
without the alteration OF u word. only wish other lead
ing Americans here clcarghted and resoute
as the hate President of the New-iork Union League
Club
The Atlantic Telegraph Company are inclined to make
hay while their san shin :, ana nave Just announced tnat
they pro- increase therDOmLa capital 10 t9OOOV
from C. UOOOO az which n nos staLds No adequaerea-
for this increase 10 given and one does not see al once
why 1t is wanted lf:hcy can earn E9oW day Is then
sanguine members anticipate even AZ the reduced pnees
they will be able would think 10 ma any extra eai
they may want out of income after paying splendid dV
deLds The hankerng aor the handling al these huge
SUNS il the fatal complaint OF all great company ueo,
and the international enterprise falls into the regular
groove.
der farther reduction OF of bank interest We
have somber lookout for the Winter The weather con-
nucs cxecsubc Jay passing without rain and IT'S Ell
feet, the hancs, viii be very senous Inc oas ana
harley IN southern equities are sadly damaged aLu III
the northern the corn Is not yet harvested, ana much Oh u
il spoiled already. our agricultural wlseaeres are pfeaeh-
ing that all produce shoud be carried a. soon as cut
and then drng by hot air blasts, which would no aoubt
b. cfiectuai enough and satisfactory solution of tho
problem, but for the money difficulty. When farmers
Lac 10 pay such rents oors, and tho hncst corn wi"
oBy JUS pay for missing while the present margin OF Proht
1 urrifH nf
counties and the consequent IN wages, who Is 10 ma
the hoair apparatus II English landlords do MT want TO
lower rnts or do more for their tenants. fhero Is little
chance Of their doing either 80 We may expect TO see
much Of the arabic land OF England given up 10 the breed
ing Of beasts and missing the cros for their susenanee,
and yet larger emigration Of our agricultural poor To our
The to the Bank Charter act which no.
tced weeks since, is taking shape. The Chambers OF
Commerce of leading cities have been consulting, and
arc memoralizinS the Chancellor OF the Exchequer
Tho memorial Of the Bristol Chamber OF Commerce is tho
most carefully prepared and reasoned which have seen
need only however, give you the result at which they
arrive Their prayer is "tnat the consideration
u yourself and Her Maestys Government may be gwen
the question Of the desbty OF taking the issue depart
mont entirely hands OF the Bank and establishing
national office the basis OF the present issue de-
the Bank Of England thus leaving to that body
| the simple business Of managing their afars as bankers
The meuorasts believe that such al alteration would
prevent the confusion which prevails between currency
and banking and the consequent deusve belief fhat IN
times Of psnc and unrestricted issue OF notes by the Bank
England would confidence ost by ovcrtrading
and inudicious lending, and would force each bank 10
rsy times Of emergency on Its ownreserye ratherhah
upon that Of the Bank Of England backed by the vague
reliance Of permission to 70 break the law at every
period Of reverse ts Most Of u.s. think agce IN those
anticipaiions, and look for strong move early next
session direction indicated Were II not Tor the
Reform Bill the Bank question might assume the pro-
poions here which took your side in the sntedi-
iuvisn times Of odd Hickory" only hope that some
an,i-typc Of stout "Maor Jack Downing may arise
among to bombard Mr. Disraeli With humorous CON-
Of the Yankee flavor The effect OF the stera-
ton, made Will DO to keep money together in ordinary
times aud to tighten the pressure III bad times IN other
words, oquaze the pressure, which is the fret point
At least say best currency doctors Of whom anu
| not one the Lord be praised!
Those who have taken interest IN the condition ana
progress Of your freedmen little puzzled just now
You know, perhaps or at any rate the act U.s. that We
have several srecdmcns aid societies here, which have
collected and sent out upward OF ESQ OoO in money and
goods up 10 this time IL very much less than We ought
10 have donc but still is somShng aud the work that
has been done has been done with great good and has
borne considerable fruit this side. The Duke OF Ar
gye has been the leading the movement and just
before the vacation there meeting OF the societies
under his presidency at which the bes'lnormed people
| both Americans and EnglshmeD, seemed TO assume
that the worst and that whatever more might
be done here should be done quickly, as III
short time there would be no more need OF help Ac'
cordingy might have been expected we were Oil de-
| lighted aud from that time have been taking matters
very quietly. But now, in tho last numbers which have
arrived of The American Freedman and The ffeedmeTs
Record, from which chiefly get our knowledge on the
subject told that the Union Commission has an
empty treasury and unless largely supported at once,
must stop work, while beside great material distress,
there yet 800 600 blacks and 600 600 children OF poor
whites OF whom IL 900 have been yet IN the schools
There positive need of $4,000 Teachers or nearly 100
many have been sent hitherto In fact our soccues arc
waking again. under the spur OF such energetic Nhp
pcrs Albright and there TO be series OF meet
ngs speedily, of which the most important have yct
had word Of is 10 be ned at Leeds soon after the oocn
Science Congress breaks sp Meanwhile it is most en-
courang 10 learn from these publications tha 'hee
growing feeling among Southerncrs IN favor OF edu-