davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1870-01-25
Tue Rock Isiund Speculation.

II is lamentable fact that SO many Of our
finest railways fall into the hands of the spec
ulative stock gamblers, who are to such thor
oughfares what the footpad and highwayman
are to the old routes of travel They wayIay
what promises to be dividend paying line
and safe investment, and by alternately
coaxing the public in and then swindling them
out Of the road they get it into such bad repute
that private capital is becoming less and less
enamored Of railway investment. We have
had late instance Of this in the case of the
Chicago and Rock Island Railway, which, by
the opening Of new link last June forming
complete connection between Chicago and
railway enterprises of the company. Large
dividends induced heavy Investments, and the
stock rose to 1873. A speculative clique took
hold Of it at this price and sold stock which
they did not own, but which they borrowed for
delivery, intending to demoralize the road and
buy in the stock at much lower prices. Under
such sales the price declined, and in the Sep
tember panic went to par, but only momenta-
riy, recovering to 1O5, which has been about the
average ever since The Clique, not content with
good profit, sought to break the price still
further, and hence the amazing discovery ofa
well known fact about the sale of additional
stock made last summer to provide for maturing
Indebtedness and to provide for additional
equipment. The stock was struck from the
call at the board, and the excited public began
to sell their shares in a great fright, lest the
price should go ont Of sight, only to find next
morning that the clique had bought all they
sold and were willing to take more at higher
price. We have often urged the necessity OF q
national law to meet the exigencies of such
case as above narrated, and we think Congress
has ample pretext to take general control Of
all our railways
The New York herald., 1870-01-25
The New Prime Minister of France.


The duty of forming a new Ministry under
the existing circumstances in France was
decidedly no sinecure, and it would be an act
of gross injustice towards M. Emile Olivier to
render him responsible for obstacles that were
previously created M. de Girardin, in an
article in the Ldbert6 of Paris, under the title
Of ''Le Cabinet de Bataille, fully explains the
position and also the difficulties against which
battle must be waged One Of the first matters
to be fought will decidedly be the treaty Of
commerce Of 1860, and on that score he will
have as opponents NM. Bancel, Esquiros, Gam
beta and Rochefort. Then the great question
will arise, do they require liberty or revolu-
ton? If they claim liberty, why, that is being
granted, and in due time the new Cabinet will
effect the reform nationally and systematically.
II, however, they claim revolution, how will
they proceed in order to avoid fresh failure
and disappointment? The battle had to be
fought, and, as M. de Girardin predicted, it
has already ommenced-rather on different
tack, 1t is true; but the combatants have
entered the lists and thrown down the
gauntlet. The majority of the Corps Legis-
latif will act as umpire and public opinion will
confirm the result.
The New York herald., 1870-01-25

THE PRINCE IN WAsHINGToN Prince
Arthur and the President have finally met
without any serious breach of diplomatic Ell
quette. The young man waited upon our
Chief Magistrate yesterday in decorous form,
and passed twenty minutes very pleasantly.
The President aud Mrs. Grant, as was to be ex-
pected of them, made the young gentleman feel
quite at home without any derogation Of their
own dignity. The royal party afterwards
visited both houses of Congress, and although
the Prince was an object OF interest 10 the gall
ieries his august presence evidently did not 1us-
ter tho MEMBERS Senator Howe entertaining
him in the Senate with o particularly dry essay
on the currency, and that terrible Batter with
Brooks and Morgan giving him taste of our
Congressional quality in hearty wrangle
over the despotism in Georgia.
The New York herald., 1870-01-25

HE'LL GATE-ONE REsuLr.--It is reported,
and is probably true, that the Cunard Steam
ship Company will shortly transfer Its station
from Jersey City to Greenpoint, on the East
river, where it is said to have purchased an
extensive water front. In the removal from
Jersey City this company has, we believe,
been anticipated by the Bremen Company,
which long ago purchased land in the upper
part Of this island, on the east side. Both the
companies thus keep themselves in New York
State, while they have the accommodation of
the harbor as well as they had it over the river
westward. They do better than this, how
ever, in placing themselves advantageously
with regard to the entrance Of this port as the
entrance will be when He'll Gate is open and
when the Hallet's Point Canal is cut. In
those times, not perhaps very far away in the
future, all European steamers will come and
60 by the Sound, saving distance and time and
escaping the dangers Of the Jersey beach.
The New York herald., 1870-01-25
NEW ENGLAND LABOR REFORM LEAGUE.

BOSTON, Jan. "a, 1870.
two days. session OF the New England Labor
Reform League. held In Boston, closed this evening
It was thinly attended. Among tine speakers were
L. A. Haywood President OF the League; John Orris,
Miss Albertson, Cora symes. Jennie Collins. Mrs.
Warner, Dr. White, Prof. Denton and 8. r Cum
mings, Chef OF the ST. Crispin order. The latter
denounced the resolution presented as favorin2
Reputation as on insult to the laboring men OF the
State. Caring not what name the organization as
sumed, whether Labor Reform League or any other,
he classed them, for uttering such sentiments, with
JefY Davis Us guilty OF treason, and proceeded to
intlmate that the author OF the resolution was
traitor when the Chairman called hun to order
The treasurer reported the receipts for the year to
be S458S. Expenditures, $4,T62.
The following officers were elected for the ensuing
year:-President John Orvis, OF West Roxbury; Vico
Presidents l.. X. Josselyn OF Rhode Island; Mrs. f.
L. Daniels OF Boston; S. s Foster, OF Worcester; q.
q. Young OF Name; A. w. Phelps, OF Connecticut;
J. @. Blanchard, OF Boston, and samuel Flint OF
New Hampshire; Corresponding Secretary, Il. IL.
Heywood, or Worcester; Recording secretary, Her.
bert Daniels, OF Boston; Treasurer IL. H. Blgelow.
or worcester; Auditor, A. A. Reed; Executive Com
mittee, 4. II. Haywood, Il. D. Lenton, John 0rvis
Mrs. 4. l.. Daniels, IL. II. Blgei0w and W. j, Nc.
L.aughllR
The New York herald., 1870-01-25

REDUCTION OF PosrAaE.-One Of the most
sensible plans looking to a reduction of the
postage was advanced yesterday by q commit
tee Of newspaper men of this city, who were
in consultation with Postmaster Jones on the
subject. 1t was proposed that the postage on
all printed matter should be prepaid at the
point Of departure according to weight. This
makes radical change for the better in the
system OF furnishing subscribers with their
newspapers; for heretofore a subscriber, in ad-
dition to his regular subscription money, was
expected to pay the postage every quarter,
and the matter was generally an annoyance.
When the postage is prepaid on mass Of
printed matter such as first class newspapers
send out daily very palpable reduction can
be made without injury to the general govern
ment. And when we have a postal telegraph
system the effect will be to cheaper not only
telegraphc dispatches, but further to cheaper
the still important matter Of letter postage.
The New York herald., 1870-01-25
The Postal Teiegraph-A Good Sign iu
COuureSs.

Congress.
In the House of Representatives yesterday
Mr.. G. C. Washburn succeeded in getting up
his Postal Telegraph bill and its reference to
special committee of seven. A motion to
refer the bill to the standing Post Office Com
mttee, who are reported to be inimical to the
whole postal telegraph system, was voted
down by decisive majority. There was also
another postal telegraph bill introduced,
making three or four now pending in the two
Houses Of Congress. The bill OF Mr. Ramsey
in the Senate is unexceptionable, and 30 also
is that of Mr.. Washburn in the House. Mr..
Stewards Senate bill is too general and open
to objections. But in the midst Of all the pro-
positions it is cheering sign to see in the
House an apparent determination to have some
kind of postal telegraph bill pass the present
session. It is undoubtedly nearly the unani-
nous desire of the people to have a measure
Of this kind adopted in order that the exac-
tions Of the Western Union Company need be
no longer tolerated. And those members who
oppose it in violation of the wishes OF their
constituents may be sure Of coming to grief
when the period of reelection TO Congress
occurs and their claims are canvassed. Let
us have the postal telegraph under the direc-
ton of the government, with the least possible
delay.
The New York herald., 1870-01-25
The Collector and tho Car.msu.

The difficulty of reforming any sort Of an
abuse is pretty well known, especially to those
who undertake the reformation; and of this
difficulty we have new evidence in the mat
ter Of the Custom House carriage. For very
long while the system Of carriage has been
complained of as teeming with abuses. Under
every collector there have been changes made,
and somehow or another the changes have
always worked with the cartmen at last, and
the result of every modification Of the system
has been the addition of one more abuse to
the list. Collector Grinnell has now really
laid an axe to the root of the evil, and pro-
misses to establish system of carriage in which
the interests of the cartmen, while satisfactorily
looked to, will yet be regarded as subordinate to
the interests of the merchants and the govern
ment. Scarcely, however, has he taken the
initiatory steps before the cartmen come at
him, impelled by an appetite like that of that
feminine figure of speech, the horseleech's
daughter. They fear the loss of their plunder,
and they are ready to show, therefore, that
the new system is very bad. The opposition
of the cartmen to the Collectors proposition for
reform in the Custom House carriage is the
highest praise the proposition can receive.
The New York herald., 1870-01-25
TRIP LIE S I'll E f T
New YorIs, Tacsdny, January rs, 1870.
COssExgs OF TC.DAY's HERALD.
PAGR

PAGE.
1-Advertisemeats.
2-AdverTlsemcats.
S-Washington: Virginia once More in the Family
Of states; Fierce Debate in the House over
the Virginia Bill Buffers Arrogance Rebuked;
Military Rule in Georgia; United States Su-
preme court--Another tenement House Ira
gedy-The News from China: What is the
Malterg-Ll ceum OF Natural History.
4-Edfope: News from France, Rome ana Aus
tria-Tie Dutchess County Mystery-Crime IN
Westchester-Fire in Lspenard street.-The
Late Canal OBSERVATION-DISCLOSURES in Full
Biast-Tne American Republican Gen eral Com
mittee-lihe Police Board-Electon OF VIII
liam krel at Louisville, ky.-The Cartmen in
Arms-lhe narien Surveying Expedition.
6-Proceed.ngs ia the New York and Brooklyn
Courts Yesterday--New York City and Ponce
Intellisence--Stated Session of the Common
Councii-Drookyn Report Of the Superin-
Intendent or Pubic Schools; Proceedings Of
the Boards OF Supervisors and Aldermen
Collector Bai!ey's Eaids on the Whis4ey
Men-yeary OF Waiting; Suicide by Shooting
Young MEMS Christian Association-Sulcide
at i'awyucket.
6-Edltorials: Leading Article on The Admission
OF Virginia Reconstruction Fixed Now For
Universal Amnesty-Persona Intelligence
Amusements-Special Political Notcs--New
England Labor Reform League-Amtscment
Announcements
7-Telegrapnic News from all Parts or the World:
Premier Gladstone's Summons to His PariIa-
mentary supporters; A German Cardinal
Against Papa Infability-Prnce Arthur:
HIS Visit 10 the Executive Mansion
Yesterday-The State Capital: Market Jobs
IN the Metropolis; Consolation Tor Patr
ots Drafted During the War--A Singular
Case Mysterious Death Of an Old Southern
Mercnant-Suburban Inteilgence-lhe Orphan
Bail-Aiesed Breach OF Triist-Humorous
Thieves--Business Notices.
S-The Gas Nuisance: Official Report OF Professor
Chandler to the Board OF Health on the New
York Gas ompanies-Spiritualis, PAINTING
The Smallpox Contagon-The Irish Em,grant
Sociely-Marnages and Deaths.
0-Financal and Commercial Reports-Real Estate
Matters-George Peabody's Estates: The ver-
diet OF Anenage-lhe North Pole-News from
the West Coast OF Africa-Pugilisc Notes.
Advertisements.
1O-The Bonaparte-Noir Tragedy: History OF the
Difficulty Between NJ. Victor NOR and Prince
Pierre Bonaparte--Annual Report OF the Erie
Railway Company TO the State Engineer and
Surveyor-The Erie Strike-Dlstingusned Men
at O Discount--The Sneak'5 Jubilee-Shipping
Observation-Disclosures
i1-Advertsements.
l2-Advertisements
The New York herald., 1870-01-25
Lopez and His Mendncious Enemies.


The most effective war that Brazil and her
allies carried on for long time against Lopez
was not by powder and ball, but by system
Of falsehoods. We regret to say, too, that
they were assisted in this by representative
of this country Our readers will remember
how many times the Paraguayan President
has been defeated-yes, annihilated-and
what hecatombs Of innocent victims were
slain by him, according to the reports from
Brazil and the allies. But we find Lopez still
alive and making war against his enemies, aud
we learn after while that these reported
victims Of his cruelty are alive and have
never been hurt. The last case in point that
has come to our knowledge is that of Mr..
Moyniham. This gentleman was shot by
Lopez, according to the statement made by
Mr.. Masterman In his book But the Buenos
Ayres Standard publishes letter from Mr..
Moyniham, showing that he is alive. The
editor of the Standard commences an article
on the subject Of this contradiction of Mr..
Moyniham's death by saying -"Another dead
man has come to life," which shows how he
looks upon the c0nards about Lopez numbering
people. We shall get at all the facts by and
by regarding the infamous coalition and war
against Paraguay in spite Of Mr.. Masterman,
Mr.. Washburn, or any whitewashing commit.
tee of Congress.
The New York herald., 1870-01-25
Our Earopean Mall Cerrespondsace.

Our EurODoan Mall C0rrcspOnoonc0'
The European mails to hand yesterday
supply written details Of our cable teiegr ANS
to the 10Th Of January-barely nine days be-
fore-in consequence of the very rapid trip
and excellent service Of the French Transat-
lantic mail steamship Pereire. We publish
to-day comprehensive and interesting letter
from our special correspondent in Rome, In
which the proceedings and difficulties OF the
Ecumenical Council are reported, as well as
the Papal consolation afforded by some CONVEX
sions from American Professionalism to the faith
OF the Church. The particulars of the Victor
Noir-Bonaparte shooting case are given from
our French and English files, with accounts
OF the interview between Noir and the
Prince Pierre Bonaparte, and the action
previous to and after the reception of his death
wound Of the former. Noir was to have been
married next day M. Olivier was before the
French Legislature actively as constitutional
Premier. The Noir case was treated in the
legislative body by NM Rochefort, Raspail
and Olivier. Pope Plus the Ninth, as will be
seen, relies with great confidence on his army
and remains particularly severe on Garibaldi,
Notwithstanding the presence of the assembled
prelates and the organization of the committees
on Faith, Hope and Charity. The Old World
was evidently moving" towards some new
issue when the Pereire left, and we chronicle
the indications so that the advance may not
take our readers by surprise.
The New York herald., 1870-01-25

THE GAS NUIsANCE.-In another column we
give the very interesting report of an official
of the Board of Health, including all the facts
of public interest in regard to the manufacture
of gas and as to what has been done to
relieve the city of the intolerably foul smells
given off by the publication Of gas with lime.
II will be seen by the report that the puriflca-
ton by iron is quite as effective as by lime,
more economical and not a nuisance. The iron
and Manhattan companies, but the Metropoli-
tan Company, whose works are at the foot of
West Forty-second street, is obstinately reso-
lutte in adherence to the practice that makes it
q nuisance.
The New York herald., 1870-01-25

THE UNION FERRY BENEvoLENoE. The
Union Ferry Company does not run its boats
for the sake of making money-so it says. 1t
can only pay to its shareholders dividend of
ten per cent by law. How are the figures
manipulated to keep the company within the
law and yet to prevent it spending some mil
lions per year on its boats and slips? Simply
by the watering dodge. Any man who holds
ten shares Of stock has twenty shares set oppo-
site his name in the books and gets ten per
cent dividend on twenty shares, though he
only holds ten. This is the way twenty per
cent is paid where more than ten ia unlawful.
The New York herald., 1870-01-25
6tcam Cpnmunicasisn With Australia ~
Way Of 6an FranCiDoes

bSoam CDmmunlcaSaon With AusxaAa -
Way Of saa Franchise.
We are informed by telegram from London
that there is project for establishing steam
ship route, in connection with the railroads
across the American Continent, from Aus
tralia and New Zealand to London. The route
is to be by way of San Francisco, Port
land, in Maine, and Milford Haven, in Wales.
It is thought the entire distance can be passed
over in forty days. There is no doubt that
this is the shortest route from Great Britain to
Australia, and, therefore, such project as
the one mentioned seems likely to be carried
out. This will be another important step in
making the United States the centre Of COM
merce for the world and San Francisco one of
the greatest commercial cities, as we have
foreshadowcd from time to time in our remarks
upon the revolution which steam power and
the telegraph are efCecting The Pacific rail
roads will thus become international highways
as well as important lines of communication
for ourselves from one ocean to the other
When the Darien Canal shall be cut another
great line of communication, particularly for
shipping, will be opened, and will tend still
more to make the American Continent the
centre Of trade and movement in the world.
But even with that q large portion Of the travel
and good deal Of light valuable freight will
go by the way of San Francisco; for that will
always be the shortest and quickest route.
We think the passage could be made from
Great Britain to Australia in thirty-fve days
If all the connections were properly estab-
lished. In all these great movements and
revolutions of travel and commerce the city of
New York must be alive to its interests. 1t is
now the commercial and financial metropolis
in America, and has many advantages for
holding that position or of becoming the COM
mercial centre of the world. But our citizens
and capitalists must be on the alert and draw
the trade from the new channels that may be
opened to this point.
The New York herald., 1870-01-25

THE WAsHBU.N-PARAGUAYAN INvEsTIGA-
TroN-A WH1rEwAsHING REPoRr.-It is an
nounced from Washington that Mr.. Orth, the
chairman Of the subcommittee on the Para
guayan investigation, has submitted report
sustaining Mr.. Washburn and severely con-
demning Admirals Davis and Godon. Mr..
Orth was placed on the committee for that
purpose, and has no doubt done the work he
undertook to perform according to contract.
But in view of the unenviable notoriety
acquired by Mr.. Washburn, and of the high
character Of the two admirals who are to be
made the victims Of his arrogance, we would
suggest to Mr.. Orth, or rather to his colleagues
on the committee, that they give us the EVIL
dence. in full. The public, whose verdict on
this subject has long since been made up, will
not be content With garbied extracts.
The New York herald., 1870-01-25

Misunderstanding Architect Mullett is
running up our new Post Office very fast,
and for that we like him; but we still do not
believe that he is so great a man that he can
afford to indulge such eccentricities as that
reported in our Washington columns yester-
day, where he was represented as using vio-
lence to an aged doorkeeper who did not
happen to know that he was Mullett. 1t is
not beneath the dignity of any man to make
an explanation to functionary charged with
the enforcement of an order; at least it is an
invalid sort of dignity that can feel itself
injured by making such an explanation.
The New York herald., 1870-01-25

COLLECTOR BAILEY.-The reports of arbi-
trary actions which we have been compelled in
the interests Of truth to make regarding Col
lector Bailey are serious charges, and they can
hardly be justified even by the discovery of the
great frauds which he claims to have discov-
cred, but Of the nature Of which he has not yet
deigned to inform the public or the merchants
whom he accuses.
The New York herald., 1870-01-25

UNION LEAGUE INTERESTS IN THE LEGIsLA-
TURE-The public have all along considered
our Legislature democratic to the core; but q
resolution introduced yesterday by Mr.. Sweet,
favoring the reimbursement of all parties who
were drafted during the war and had to fur
nish substitutes or pay commutage, smacks a
little of those gallant Union leaguers who
fought and bled for their country, mainly in
pocket or by proxy.
The New York herald., 1870-01-25

THE QUESTION OF OLD BARRELS was brought
up in the Assembly yesterday and Immediately
slnothered by Mr.. NJ. G. Murphy, who forced
an adjournment on the point Of order that there
was no quorum present. When there are
chances for so many other more magnificent
jobs the idea of job in old barrels looks like
bunghote and spigot concera.
The New York herald., 1870-01-25
NOTsCE TO HERALD SUBSCRIBERS

We will esteem it favor if our readers will
inform us, by letter addressed to this office, Of
any derelicton on the part of the carriers of
the HERALD, either in furnishing the paper late,
substituting other city papers, or leaving spoiled
sheets.
The New York herald., 1870-01-25

REPUDIATIoN.-A Mungen is still harping
on rep udiation. He presented petition in
the House yesterday from Massachusetts men
in favor Of it. Mungen will find himself repu-
dated before the debt is-by his constituents.
The New York herald., 1870-01-25

MARKET JoBs.-Almost any method of i'm
proving our metropolitan markets would be
acceptable, but it can certainly be done with
out such an extensive scheme as Mr.. Frear's
bill in the Assembly proposes. To reform the
markets is an immense task, but it need not be
on immpnaa iOh
The New York herald., 1870-01-25

PERSONAL EXPLANATIONS. MIR. Sumner has
other Senators from personally explaining
away his charges against them. He threatens
to make an hours speech in reply.
The New York herald., 1870-01-25

Intelligence has reached the Board OF Health that
the swiI mink dealers have become alarmed at the Wig
action OF Mr. Bergh and the fact that the public
OF Brooklyn refuse to buy their milk and have re-
are also selling their cows or The Stops from the
disteres are being run Off into the river. The case
OF T0ngers, the keeper OF the swill milk stables In
Marcy avenue, was aSain postponed yesterday
morning TO wednesday next
The New York herald., 1870-01-25

THE CURRENCY QUESTION was the main sub
iect of debate in the United States Senate yes
terday. The bill under discussion was one to
provide national currency Of coin and notes
and to equalize the distribution and circula-
tion Of notes. Senators Sherman, Howe and
Sumner spoke on the subject.
The New York herald., 1870-01-25

THE ER1E STRIKERS, who were discharged
for their previous strike, apparently receive nc
sympathy from the other workers along the
line. They have in consequence become vio-
lent, and it is feared the strike will result in
blows being struck.
The New York herald., 1870-01-25

SING SING is said to be anxious to have its
State Prison removed. Probably Sing Sing
will sing another tune when the bill now be-
fore the Assembly actually passes.