The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-11

ana stuck to II. He favored universal manhood sur
rage ana the transfer OF the Indian Bureau TO tho
War Department
Lake Erie and the welland Canal are practically
closed to navigation for the winter
Tnere are sill several victims OF the Ohio river
disaster who ara unrecoanized. They are TO be
taken to Cincinnati for nterment. Thirty men with
nets are engaged at the wrock searching for dead
| bodies.
whaien, the convicted assassin OF DARCY McGee.
has been respited until December o.
IL Ia rumored among the repeaers In Nova Scotia
| that the confederation government has offered to
increa,e the subsidy to Nova Scotia dfty cents In
consideration OF loyalty to the new Dominion.
Tho City.
At an inquest held yesterday by Coroner Flynn Ia
the case OF James T. Roberts verdict was rendered
ascrbing hts death to violence ct the hands Of some
person or persons unknown to the jury. The EVIL
dence showed conclusively that he did NOS receive
his injuries at the liquor saloon in second avenue a.
reported in the published accounts OF the affair."
At an inquest held yesterday In the case OF WILL
liam O'Connor who died from injuries sustained by
being run over by Second Avenue Railroad car,
| verdict was rendered exonorating the company
from blame and ascribing death the carelessness
| OF the deceased.
All the adjourned motions In the Erie litigation
came up before Judge Cardozo In Supreme Court,
Chambers, yesterday for hearing. After long argu-
| ment for postponement the court ordered the
papers read and then adjourned the until Satur
day, issuing an order to restrain Receiver Davies in
the meantime from handling the property Of the Erie
| Company.
In the Watson h Crary whiskey case yesterday
| the testimony on both sides was closed.
| Judge Dlatchford, In answer to inquiry OF Dis
/ Vtnf
criminal cases in his district would be heard before
Judge Benedict in the Circuit Court. This includes
| the case Of Judge Fullerton.
Gold opened yesterday at 1ssk, sold down to
| 1851, but rallied again and advanced to 1863,
| closing at 1851. The stock market was extremely
dull and prices generally declined all through tho
list. New York Central sold down to 124, Pacific
| Mail to 1l4k. New York Central closed at 124S a
124a. 1t is authoritativey stated that the Erie
| Railway Company has leased the Atlantic and Great
Western Railway for term OF years.
The Inman line steamship City OF Antwerp, Cap
tain Mrehouse will leave pier As North t0-mor
row Saturday at one P. M. for Queenstown and
Liverpool. The European mails win close at the
! Post Office at twelve M. on Saturday.
| The steamship France, Captain Grace, OF the Ma
tona line, will sail at one P. M. on Saturday, 18th
| inst from pier At North river. for Liverpool via
| Queenstown.
| The Anchor line steamsnp Caledonia, Captain
Mcdonald Will leave pier 20 North river at twelve
"a. tomorrow Saturday for Glasgow. calling At
| Londonderry TO land passengers.
The General Transatlantic Company'B steamship
Pereire, Captain Duchesne VIII sail from pier so
| North river about one P. M. tomorrow for Brest
| and Havre. The French mails will close at the Post
| once at twelve M. on saturday.
The steamship United States Captain Norton, OF
the Merchants line, will leave pier IL North river
at three r. NJ tomorrow Saturday for New Orleans
direct.
The Black Star line steamship Huntsville, Captain
Crowe will sail from pier Is North river ut three
=. M. tomorrow Saturday for savannah, Ga.
The steamship Title. Captain Steingcr, will sail
from pier 20 East river saturday afternoon for
Galveston, Texas.
Prominent Arrivals In the City.
General Marvin and General Young, OF Albany;
Rev. c. Lathrop, OF Connecticut, and General Ave-
ri United states Consul General at Montreal are ut
the Fifth Avenue HOTEL
Major General Provost, Major John r. Tobias and
Major Samuel Lewis, OF Philadelphia; j. J. Abrio, OF
Austria; Dr. Horace Enos, OF Paris M. w. Griffith,
OF Calcutta and ID. b. ST. John, or Newburg are at
| the Hoffman House.
| J. NJ. Douglas, OF Chicago John Heard, OF Boston,
and j. C. Bancroft Davis, or Newburg, at the
Brevoort House,
COlOnel JOnn EVANS anu MAYOR DaVIS Oh tue Unlteu
States Army; Paymaster ID. Edmunds, OF the United
States Navy, and DR.. Underwood. OF Virginia, are
stopping ut the st. Charles Hotel.
Lieutenant Remax, OF the United States Army;
Juan Franco, Manuel NJ. Arrioa and Miguel G.
Arrioja OF Mcxico b. r. Brewster, OF Philadelphia,
and George Inns, OF Poughkeepsie, stopping at
the Aston House.
Prominent Departures.
General Grant an his personal star left this city
yesterday at eight A. NJ. en- route for Washington.
The President the National Debt.
The extraordinary proposition of President
Johnson in his Message to Congress FOR the
payment of the public debt is as surprising as
| it was unexpected. We have been disposed to
| believe that he did not mean what his language
| expresses. but it appears that both Congress
| and the press take the meaning AS literally
expressed-that Is, in short, to pay the princi-
pal of the debt by stopping the payment of the
interest and by applying that interest to the
liquidation of the principal. This is an as
founding proposition coming from the Execu-
tive head of the government. 1t is repudia-
ton; for to cut off the interest is to make the
debt comparatively valueless to the holders.
! OF course the President did not expect Con-
gress would follow his advice, and, therefore,
he makes the recommendation for public effect
He is looking ahead, and probably thinks hc
sees the time coming when the people,
Disguised with the corruption and extrava-
gance OF the government, and weighed down
by the enormous debt, will seek relief by some
such measure Of partial Reputation. We
seem, indeed, TO be launching the ship Of state
into the sea Of reputation; for not only does
the President make this startling proposition
in his Message, but the Secretary Of the Trea-
sury ALSO In his report, proposes to repudate