The New York herald., 1867-04-08

opportunities aud the neglect OF them. lie Took the
text Luke nineteenth chapter and forty fourth verse and
The principal portion OF his discourse was directed TO
the Justice and necessity OF universal suffrage. He
demned in very strong terms the adoption Of system
of expedency instead OF principle BY the national Legis
lsure special sermon was preached in Trinity
church, Broadway by the Rev. o H. Dutton and COL
lection made on behalf of the Midnight Mission. Rev
Henry Blanchard delivered lecture amusemsnts al
the Church OF the Resurrection. In Brooklyn.
The Excise law very generally observed yesterday
oil the roughs and hard drinkers having temporarily mi
grated to Jersey.
Monzani the burglar. who was killed BY policeman
in Williamsburg recently In addition 70 the crimes here
ofore laid TO his charge said 70 have poisoned his
wifes family because they caught him trying 10 steal
their sewing machine.
An ARRAY occurred In Albany last night. In which
man named Mclaughlin was shot and probably mortaiy
wounded by another named Ellis third, named
Bathrie, was fired upon but escaped unhsrmed Ellis
arrested.
The strike OF the miners ia New Jersey still continues
and is increasing Two thousand are idle or engaged
with the strikers and all the mines in Morris county
have suspended work Tho strikers obtain credit at the
stores as they have heretofore DONE but u s only be-
cause tho dealers are afraid 70 refuse them No dis
turbanoe has occuped as yet but trouble s seriously
apprehended.
George W. Holden was prosecuted at Waite Plains
recently by Mrs Youmans for having offered her his
seat on Hudson River Railroad car, and other "out-
rageous conduct" verdict was rendered for deiend-
ant.
A confidence man has recently beon swindling the
ministers and religious societies Of Springfield MASS,
under various names
Nothing more is heard OF the riot in Luzerno county,
Pennsylvania.
The ares produced by tho great collery explosion in
virg still burning, and tits believed they cannot
be extinguished inside of three weeks
San Francisco merchants have purchased vessels for
the purpose of running an opposition line OF steam-
ships to New York by way Of Panama
Arizona Territory has been visited By food and Ar
zona city Is inundated.
fight with Indians occurred at the Mowry miue In
Arizona recently in which the Indians lost ave warriors
killed nephew OF Senator Buckalew was danger.
ously wounded.
An express passenger train on the Pennsylvania Oen-
tra Railroad thrown from the track Wall Station
yesterday by 1--WE crosstles and rail which laid
across the track. Four employees the road were In
jursd one of them probably fatally, but none Of tho
passengers were wounded. man was arrested near
the disaster who confessed to having placed the
distractions In tho way.
The Canadian Parliament prorogued until tho 10th
OF May. #tN
influence Of the Telegraph Upon the Ex-
changes and Financial Operations or tho
World.
Electric telegraphs, and particularly those
ocean telegraphs which connect continents
and nations, are producing remarkable revo-
luton In foreign exchanges and In monetary
affairs generally. We see, however, only the
beginning Of the great change which must be
produced within q few years. For example,
should . gentleman In London want money at
once from his business house, friends or agent
in New York to make some purchase or to
enter into some business transaction promis-
ing tempting pro6ts, or If he wishes to travel
on the Continent and needs It for that purpose,
he immediately telegraphs, and the same day
or next morning he is informed that so many
thousand dollars in gold have been deposited
with bankers here having London connections
The banking house in England is notified Of
the fact at the same time, and he is enabled to
draw the money. This may all be done In .
day or even within few hours. Before
telegraphic communication was established
through the Atlantic cable person in such
circumstances would have been compelled to
wait nearly month for the funds he required.
In the meantime he might have lost the oppor-
tunity Of using the money profitably or agree
ably. The amount would have been sent pro-
baby in the usual way by bills of exchange.
Suppose exchange were against New York. as
It generally Is, say two per cent above par-he
would lose two hundred dollars in the trans
mission Of ten thousand in this way. II the
gold were to be shipped, which is a very in
convenient mode Of transmitting funds, the
freight and insurance would amount to nearly
the same. Then there is the use Of the money
and the interest on it, which would be lost to
the parties during the delay. Now, as we have
said, the telegraph remedies and changes all
this, and gives person who happens to be in
Europe as much and as ready control over
his money in New York as II he were at home,
and that without having to pay bankers or
exchange dealers for handling it We mention
London and New York by way of illustration,
but our remarks apply also to other CON-
mercial and financial centres connected by
telegraph.
The time is not far off, probably,
when bills Of exchange between this
country and Europe, and even between
other parts of the world, will be as
unnecessary as between New York and Phila-
delphia. The business in these has been an
immense and very profitable one to the
bankers, and particularly to those of London.
Rritish talists ha va n, ado Toudon tho fr,ar
cial and great exchange centre Of the world,
and consequently have made all nations tribu-
Vry to their wealth. By skilful and well
established system they keep the course Of
exchange in favor Of England. 1t is not so by
accident but from able management The