Historical Newspapers of South Carolina

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? zy' mt VCLUME IX.-NUMBER 1967 CHARLESTON WEDNESDAY MORNING, MAY 1, 1872. EIGHT DOLLARS A YEAR. THE RAILROAD CASE. CONCLUSION OF THE ARGUMENT FOR TBE PETITIONERS. The Arguments and Authorities for an Adjudication In Bankruptcy-Final Adjournment of the Court for the Term. The bankruptcy proceedings upon the p?ti? tion of Dcanlel E. Scanne), of New York:, In re. the Greenville and Columbia Railroad Com? pany, were concluded yesterday In the United States District Court before Judge Bryan; Messrs. D. T. Corbin and George D. Bryan ap? pearing for the petitioner; Messrs. A. G. Magrath and C. D. Melton and John T. Rhett, of Columbia, for the railroad company, and Messrs. Portera:Conner, Simonton & Barker and Jos. D. Pope, of Columbia, for various creditors. Mr. Corbin resumed his argument by citing the case of Sanson, assignee of Clark, vs. Bur? ton, claiming tbat the court bad jurisdiction notwithstanding the fact that the State Court at Colombia had taken possession of the prop? erty of (he road with a view to administer Its affairs, and proceeded to answer the objection that even if this should be granted no good wou^d follow. He claimed the same position as occupied by the parties In the case quoted, and held that If the road were Insolvent the creditors o." the road had a right to have its property distributed according to the bank? rupt law. from that case the court would perceive that lt possessed powers In the prem? ises. If the order of bankruptcy were granted all the property that was rot tben In the actual possession of the court wo sid be taken posses? sion of at once, and an Inquiry be made as to the condition of those suits institu? ted in the State Courts, and whether they did not tend to hinder and delay the operations of the bankrupt act. He would, perhaps, point out some feature, some suspi? cious aspect, of those suits, and prosecute all the right which the bankrupt had in that case, and do lt not in the Interest of any one cred? itor like the South Carolina Railroad, that seemed to be present in all its power, but in the Interest of all the creditors. It was the right of these creditors, If the road were insol? vent, to have a man there who was disinter? ested, to take care of their interests; and If it were to be found that any agreement had been made resulting in a preference, the court wonld immediately enjoin any Buch agreement and 3ay lt was all done in fraud of the bank? rupt act.- The position be next took was that the Greenville and Columbia Railroad was a commercial corporation, and, as authority for that position, he cited the case of Swett vs. the Boston, Hartford and Erle Railroad Com? pany, to be found in the Law Times, vol. 4, p. 174, and also the case reported In the American Law Review, January, 1871, p. 376. In explanation of the powers of a bu si ne.-a j corporation, be said that lt was created for the specific purpose of transacting business, and ? that* business comprehended anything that , anybody might be engaged in for the purpose , of a livelihood or gain. In the same connec? tion he called the attention of the court to the < Fifth* Bankrupt Register, p. 97, referring to ( the case of the Alabama and Chattanooga Railroad Company vs. Jones, in which the de- c cisi?n of Judge Shipley was sustained. The \ result of that decision was that while lt was r. held that the railroad corporation was a'buel- ( ness corporation, lt was not put into bank- c ruptcy on the petition, but subsequently i went Into bankruptcy; the allegations ] were defective, and lt was dismissed on that j ground. The next posilion taken was that the interest coupons severed from the bonds of the Greenville and Columbia Railroad were commercial paper, and that the non-pay ment thereof within fourteen days after maturity i was an act of bankruptcy. In support of this' i he quoted from Bump, page 39. He held that I the coupons were the same as promissory < notes, payable to bearer: that they come strictly within the law ot commercial paper, and under the law of thiB State any one holding thar, pape-vouid bring an action and 1 recover without reference to the bonds. He cited the case of In re. Nicodemus, 3d Bankrupt Register, page 55; Law Times, vol. 2, page 168; Bankrupt Register, vol. 3, page 82, and / others in support of this position. In pursuing his argument Mr. Corbin came to the question ' whether that corporation was bankrupt and insolvent at the time it commit- 1 ted certain acts of bankruptcy, holding that ii a corporation issued paper of a com- | merdai character and failed to meet lt at , maturity, lt was legally bankrupt. He pro- ( posed to show that the company was insol- ] vent at the time lt made certain payments to ( ita creditors in full, and thereby gave those creditors the preference. He endeavored to show that the company was insolvent because < lt bad not sufficient assets to meet its llablll- < ties, referring to tbe report of the president of < May 2, 1872, and to the testimony of Mr. , Magrath and Coloael Low, and also to the re- i port of Superintendent Dodamead. Io the i matter ol' the bonds in the bands of the Ware- , house Company, he said that they had legally 1 passed thereto through the financial agent of the road, Mr. Klmpton, In New York; that when they did pass, It was for the pur- 1 pose of raising fonds for ; the use of ' the company at a time that their 1 legality was not questioned, and regarded as 1 good In every particular. The difficulty was 1 that they bad lost confidence in Mr. Klmpton, 1 and that he had cheated them In some way. ( On the allegation of having given preference 1 to certain creditors by paying them their * claims in full, he said that the road now de- 1 nied that they Intended to make any prefer encejrbut the act itself established the Inten- j tlon in law, and he cited Bump, page 143, and t Hardy vs. Clark, Third Bankrupt Register, j page 100, in support. The proceedings in the , State Court for foreclosure of mortgage were j reviewed and commented upon at length. ( During the course of Mr. Corbin's argument he cited numerous authorities In support of ? his positions, and argued that the road bad E committed an act of bankruptcy In ?'.lowing ] its paper, which be considered as of a com? mercial character, to pass by unpaid at its = maturity, or within the time prescribed by law. He argued against the proposition that if the road were sold it wonld pass into the hands of c allens and prove detrimental io the interests J of the State. Railroads were always operated 1 with a view to profit, as an investment, and c in the Interest of those living along their i lines. As to the Imputation that the North- t eac-tern Road was operated exclusively for the e benefit of a foreign ring and not lor the local i welfare he deemed untrue, and as far as rings i were concerned, it always took a ring of t capitalists to operate a railroad. Tbe hour of s adjournment having arrived, the court asked s that If there was to be any more argument it s should be deferred until he would be better ii able to hear it, but the counsel replied that, tl aahie was compelled to argue a case In Colum- tl bia on Friday, he would bring his argument J 1< [to a close by referring to thu court the question ol the sale of the franchise of the road, and the power of his Honor to make a transfer, to the tweniy-flrst rule of the Su? preme Court. Judge Bryan -then took the papers in the case, reserving his decision, and the court ad? journed for the term. COURT OF COMMON PLEAS. A Complicated Cotton Case-Important Argument by Jadgre Magrath. Judge Graham has been occupied for seve? ral days in hearing the case of William A. and Jeremiah Beall, of Augusta, Ga., against James Robb and C. T. Lowndes, trustees ol John Fraser & Co. This is an action brought to re? cover the proceeds of over five thousand bales of cotton Bhlpped by thc Messrs. Beall to Fra? ser, Trenholm & Co., Liverpool, through John Fraser & Co., Charleston. The amount In? volved is $184,850, with Interest from the 18th of December, 1867. The Messrs. Beall are re presented by the Hon. J. B. Campbell, Colonel Thomas Y. Simons, and Messrs. Buist & Buist; on the other side are Judge Dunkin ann Messrs. Magrath and Lowndes. The first two days, Tuesday and Wednesday, were occupied in reading thc evidence, which Is very voluminous. Yesterday morning the argument was opened by the Hon. A. G. Magrath for the plaintiffs. Mr. Magrath argued, first, that Fraser, Treoholm & Co., ol Liverpool, and John Fraser & Co., of Charles - ton, were separate and distinct firms, either firm being in no way liable for the obliga? tions of the other, and even if they were not distinct firms there was no proof in this case to fix the liabilities of the former upo.' the latter; second, lt they were but one firm the discharge In bankruptcy in England of Fraser, Trenholm & Co. likewise discharged John Fraser &, Co. from their obligations In this country; third, that the Bealla not having sigued the agreement which transferred the property ol John Fra? ser <fc Co. Into the hands of James Robb and C. T. Lowndes, for the benefit ot the creditors of the firm, they were in no way entitled to the benefits ot said agreement. His argument occupied about two hours and a half. He was followed by the Hon. Henry Buist, who de? voted bis remarks to the contraverslon of those points. Colonel Simons will continue the argument this morning. THE LIBERAL REPUBLICAN CLUB. The Central Liberal Republican Greeley and Brown Club met at their hall last evening &ud transacted the usual business Incidental to a thorough organization. A resolution was adopted fixing Thursday ot each week for the regular weekly meetings of the club; also one under whlcb a committee of three was ap? pointed to arrange for. speaking upon the political questions of the day at the meetings. There was much feeling expressed In re? gard to the Liberal movement throughout the :cunty, and much encouragement given the members. A letter from Colonel S. A. Pearce, of the ?xecullve committee of the State, was read, ind afforded much satisfaction to the members. The meeting was harmonious aod a degree ti confidence felt and expressed by the mern? ie rs as to tho Increasing strength and the iltimate success of the Liberal cause In South jarollna, and the hope expressed that all good iitlzens would join with the Liberal Repub Icans of the State in their endeavors to get an io nest and substantial government. The next neeting of the club will be on Thursday next THE HEAT YESTERDAY. The range of the thermometer yesterday, at the drug store of Mr. Joseph Blackman, on the south side ot Broad street, was as follows: 3 A.M., 87; 10 A. M., 92; 12 M., 92; 2 P. M., 92; 1 P. M., 94; 6 P. M., 90; 8 P. M., 87. CLUBS AND STARS. Calendar of Yesterday's Arrests and Penalties. William Burley, drunk; discharged. Eliza? beth Aiken, disorderly and fighting; two dol? lars or twenty days. Joseph Givens, disorderly; discharged. Patrick O'Mara, drunk; one dol? lar. John G. Mackey and E. Baynard Sea? brook, fighting; two dollars each. THE FIRST SEA ISLAND COTTON.-The first soil of loog staple cotton of the season was sent to THE NEWS office yesterday from Christ church Parish. It was grown by a colored man named Isaac Smith, who has a few acres )f colton near Mount Pleasant. SCHOOL EXERCISES.-The closing exercises )f the parochial Behool attached to the Church it the Holy Communion will take place In the church this morning. There will be a full choral service, beginning at half-past ten o'clock, after which there will be an address by the Bight Reverend Bishop Howe, and the distribution of prizes by the rector, Rev. A. roomer Porter. OUR PRICES CURRED.-We especially Invite the attention of our merchants to THE NEWS Prices current, issued this morning: Made ip with the utmost care, and handsomely printed with entirely new type, lt forms, with ;he business card of the house forwarding it, ;he most attractive and welcome weekly commercial circular that can be used. Price, or ten copies or more, with business cards, wo and a half cents per copy; Bingle copies Ive cents. MINOR CRIMES AND CRIMINALS.-Peter Dan els, charged with stealing a watch and chain, ogether with seventy dollars in currency, rom J. F. Bachus, Market street, was com nitted to Jail yesterday by Trial Justice Lovett or trial at the next term of the Criminal iourt. Benjamin Brown and William Lawton were Ikewlse committed for trial, on charge of itealing clothing and other articles from Mr. ). "Vogt, King street. John Dozier, for stealing three hams, was tent to Jail for thirty days. STAMP TAXES-The Internal Revenue Re lord, ol the 20th Inst, says: "By the act of rune 6,1872, all stamp taxes on instruments In vritlng are repealed from October 1, 1872, ex ?pt the two cent stamp on checks. It ls pro? dded, further, that In the meantime the lolder of any Instrument of writing of whate? ver kind and description, which has been nade or Issued without being duly stamped, nay make application to any collector ol'in eroal revenue, who shall thereupon affix the tamp provided oy such holder upon such ia trumentof writing as is required by law, ubject to the provision of section 158 of the sternal revenue laws. It is Important that he holders of such instruments should avail nemselves of this opportunity to render them ?gal and valid." THE CHAMPION OF PEACE. HORACE GREELEY TO THE NATIONAL DEMOCRACY. He Accepts the Nomination apon a Plat? form "Incontestably Republican and Emphatically Democratic." The following 1B Mr. Greeley's letter, accept? ing the Ballimore nomination, in reply to the letter of the committee appointed to notify him thereof : NEW YORK, July 18. Gentlemen-Upon mature deliberation lt seems flt that I Bhould give to your letter of the 10th instant some further and fuller re? sponse than the hasty, unpremeditated words in which I acknowledged and accepted your nomination at our meeting on the 12th instant. That your convention saw flt to accord Ita highest honor to one who had been promi? nently and pointedly opposed to your parly in the earnest and sometimes angry contro? versies ol the last forty years ls essentially noteworthy. That many of you would have preferred that the Liberal Re? publicans should present another candidate for President and would more rapidly have united with us 'n the support of Adams or Trumbull, Davis or Brown, ls well known. I owe my adoption at Baltimore wholly to the lact that I had already been nominated at Cincinnati, an : that a concentration ol forces upon any new man had been proved imprac? ticable. Gratified as I am at your concurrence in the Cincinnati nomination, and certain as I am that you would not have thus concurred had you not deemed me upright and capable, I found nothing In the circumstance calculated to inflame vanity or nourish self-conceit. But that your convention saw flt to reaffirm the Cincinnati platform is to me a source ut the profoundest satisfaction. That body was con? strained to take this step by no party necessi? ty, real or supposed. It might have accepted the candidates of the Liberal Republicans upon grounds entirely Its own, or lt might have presented them as the first Whig con? vention did Harrison and Tyler, without adopting any platform whatever. That lt chose to plant Itself deliberately, by a vote nearly unanimous, upon the fullest and clearest enunciation of principles which are at once incontestably Republican and emphati? cally Democratic, gives trustworthy assurance that a new and more auspicious era is dawn? ing upon our long distracted country. Borne of the best years and best efforts of my Hie were devoted to a struggle against chattel slavery, a struggle none the less earnest and arduous because respect for constitutional ob? jections constrained me to act tor the most part on the defensive in resistance to the diffusion, rather than In direct efforts for the extinction of human bondage. Throughout most of these years my vision was uncheered, my exertions were rarely ani? mated by even so much as a hopo that I Bhould live to see my country peopled by free? men alone. The affirmance by your conven? tion of the Cincinnati platform lt* a most con? clusive proof that not merely Is elavery abolished, but that V i spirit 1B extinct; that despite the protests of a respectable, but Isolated, few, there remains among us no party and no formidable interest which regrets the overthrow or desires the re-establishment of human bondage, whether In letter or in Bplrlr. I am thereby Justified In my hope and trust that the first century of American Inde? pendence will not close before the grand ele? mental truths on which Its rightfulness was based by Jefferson and the Continental Con? gress of 1776 will no longer be regarded as glittering generalities, but will have become the universally accepted and honored founda? tions of our political fabric. I demand the prompt application of those principles to our existing co nd l HOD. Having done what I could for the complete emancipation of the blacks, I now insist on the full enfranchisement of all my white countrymen. Let none say that the ban has just been removed from all but a few hundred elderly gentlemen, lo whom eligibility to office can' be of little consequence. My view contemplates not the hundreds pro? scribed, but the millions who are denied the right to be ruled and represented by men of their own unfettered choice. Proscription were absurd if these did not wish to elect the very men whom they are forbidden to choose. I have a profound regard for the people of ] that part of New England wherein I was born, lu whose common schools I was taught. I rank no people above them lu Intelligence, capacity and moral worth; but while they do many things well, and some admirably, there ls one thing they cannot safely or wisely un? dertake, aud that ls the selection for States remote from and unlike their own, of the per? sons by whom these States shall bei represent? ed In Congress. If they could do this to good purpose, then republican institutions are unfit ? and aristocracy the only true political system. Yet, what have we recently witnessed ? Z. B. Yance, the unquestioned choice of a large ma? jority of the present Legislature ot North Car? olina, a majority backed by a majority ot the people who voted at its election, refused the seat In the Federal Senate to which he was ohosen, and the Legislature thus constrained to choose another in bis place or leave the State unrepresented for years. The votes of New England thus deprived North Carolina of the senator of her choice, and compelled her to send another in her stead-another who in our late contest was, ?Ike Vance, a rebel, and a fighting rebel, but had not served In Congress oefore the war as Vance had, though the latter remained faith? ful to the Union till after the close of his term. I protest against the disfranchisement of a State, presumptively of a number of States, on ground BO narrow and technical as this. The fact that the same Senate which refused his seat proceeded to remove his disabilities after that seat had been filled by another, only serres to place in a stronger light the Indigni? ty to North Carolina, and the arbitrary, capri? cious tyranny which dictated lt. I thank you, gentlemen, that my name ls to be conspicuously associated with yours in a determined effort to render amnesty com? plete and universal in spirit as well as in let? ter. Even defeat In euch a cause would leave no sting, while triumph would rank with (hose victories which no blood reddens, and which evoke no tears but those of gratitude and Joy. Gentlemen, your platform, which is also mine, assures rae that Democracy is not hence? forth to stand for one thing and Republican? ism for another; but these terms are to mean in politics, as they have always meant In the dictionary, substantially one and the same thing, namely, equal rights, regardless of] creed, or clime, or color. I hall this as a genu ? ine new departure from outworn [feuds and meaningless contentions In the direction ? f progress and reform. Whether I shall be found worthy to bear the standard of the great Liberal movement which the American people have inaugurated ls to be determined not by words, bat deeds-with me, If I steadily advance; over me If I falter. Hs grand array moves on to achieve for our coun? try her glorious beneficent destiny. I remain, gentlemen, yon?, HORACE GREELEY. To Hon. James R. Doolittle, chairman of the Convention, and Messrs. P. W. Sykes, John C. Maccabee, and others, committee. DEATH OF PRESIDENT JUAREZ. MATAMORAS, July 26. Two dispatches from General Bocha report the death ot Juarez from apoplexy. Lerdo de Tlgoda succeeds. LARGE FIRES IN NEW TORE. The Erl? Workshops and a Catholic Protectory Barned. NEW YORK, July 25. The shops of the Erle Railroad in Jersey City were burned last night. Loss $1,500,000_ moally Insured. The Erle building covered about six acres. No such fire has ever before been witnessed In Jersey City. Besides Engi? neer McCarthy, of the fire department, who met a horrid death from falling walls and fire, Charles Nagle, Btoker, of the same engine, was al?o crushed, but escaped with broken legs. One man, a machinist, entered the buildings for tools, and lt ls feared he perish? ed. The fire lasted two hours, A significant fact connected with the fire Is that at the late sirlke all the Jersey City men were notified that they would not be again employed. TDIS threat was carried out. Tne employees were all from New York. The flames illuminated the shipping In the river, and the light extended to the New York side for a great distance. The scene around the fire was one of excitement and be? wilderment. The mechanics and their wives were rushing to and fro, giving expressions ol regret at the loss of their tools and prospec? tive business. Upwards of eleven hundred hands were employed in the shops. There ls no instance on record of a destruction so sud? den and complete. The machinery can only be sold for old Iron. The loss by the burniag of the Catholic Female Protectory, at Westchester, this morn iDg, is about $150,000. It was an educational house for vagrant and criminal Catholic chil? dren, presided over by the Sisters of Charity, and its destruction leaves some Ave hundred children homeless. All the children were rescued without accident. OLD WORLD DOTS OS. Catacazy Squelched-Communists Shot -Popularity of Amadeus. ST. PETERSB?RO, Jaly 26. An official clauEo has been published dis? missing Catacazy from the Russian diplomatic service. His pamphlet was published without the knowledge or consent of the Imperial Gov? ernment. PARIS, July 26. Three Communists, convicted of participa? tion In the massacre of the hostages In Jue Rue Haxo, were shot at Satory to-day. One i of tbe condemned when brought to the place of execution shouted, *'A bas, la Commune;" the other two cried, ,lYlve la Commune," in their last moments. MADRID, July 25. Amadeus was enthusiastically received at Sr. Andrew. The town was gally decorated. The King visits other towns. THE CATHOLIC PAROCHIAL SCHOOL. Closing Exercises and Distribution ot Premiums. A large number of ladles and gentlemen assembled last evening at the hall of the Cath? olic Institute to attend the distribution of pre? miums. The proceedings were opened with music on tbe plano by Prof. Muller, organist of the Cathedral. The Rev. D. J. Qulgley then made some remarks on the gratifying conduct and proficiency of the pupils, after which be Introduced E. F. Sweegan, Esq., who delivered aa address upon the condition, prospects and objects of the Parochial School, closing with aa appeal for the co-operation of all Catholics io its aid. A little pupil, Master Barlow, fol? lowed In a well-delivered poetic greeting to the audience. The premiums were then dlsr trlbuted, Mr. W. H. Gannon, the superintend? ent, reading out the names ot tbe fortunate pupils, and Mr. Sweegan presenting the pre? miums. The distribution was varied by occa? sional choruses and addresses by the children. The following were the principal awards : A silver medal, the honor of the school, was awarded to the following pupils, viz: Henry Corbett, Frank Barlow, John Sharkey, John Halsenmeyer and M. Powers, respectively of the first, second, third, fourth and fifth classes. In natural philosophy, algebra and Latin premiums were awarded to J. Slattery, T. Gannon and H. Duffy. In Christian doctrine, H. Corbett of the first c?as?, Jno. B res m han of the second, ono. Shar? key of the third, Jerry Harrington of the lourth, Josie Murray of the fifth, received the premiums awarded. In arithmetic premiums were awarded to J. Slattery of tbe first dais, Jno. Bresloban or the second, Robert Collins of tue third, Jno. Halsenmeyer of the fourth, Wm. Bresinhan of the fifth, and Edward Higgins of the sixth. In penmanship, H. Corbett of the first class, Jno. Bresnlbaa of the second, M. McMahon of the third, Jno. Quash of the fourth, Philip Ba? ker of tbe fifth, and Josie Bran wick of the sixth, were awarded premiums. Ia history, Jno. Slattery of tbe first class, E. F. McManns of the second, and Jas. Ciearey of the third, received premiums. In the primary department, C. Scanlon of the fourth class, Josie McDonald of the filth, and Dan Monauan of the sixth, received pre? miums for spelling. In geography, o.emlumswere awarded to Jno. Slattery, F. Barton, Jas. Cunningham, Wm. Frain and Jas. Cameron, of the first, sec? ond, third, fourth and fifth classes respect? ively. For reading and spelling, Thos. Gannon, F. Barton, W. Sullivan, Jas. Finnegan, Jno. X. Kennedy and Patrick Carroll, or the first, sec? ond, third, fourth, fifth and sixth classes, re? ceived premiums. SOUTH CAROLINA DENTAL ASSOCIATION. This body is holding Its annual session in Co? lumbia, and, yesterday, passed resolutions ol respect to the memory of Dr. Wm. Reynolds, of Columbia, and Dr. B. A. Rodrigues, ol Charleston, and elected the following officers for the ensuing term: Dr. T. T. Moore, of Co? lumbia, president; Dr. R. S. Whaley, of New. berry, first vice-president; Dr. D. L. Boozer, of Columbia, second vice-president; Dr. Isaac H. Alexander, of Camden, corresponding sec? retary; Dr. J.*. Thompson, ot Abbeville, re? cording secretary; Dr. W. L. Reynolds, ol Columbia, treasurer. Hotel A rr i villa-July 35. PATTLION HOTEL. W. 8- Andrews, Wilmington; J. M. Clarke, St. Jphn's; Mrs. Scott, Boston. CHARLESTON HOTEL. S. G. Garner, South Carolina; F. Schoufield, Thos. Spencer, Cincinnati; J. F. Thompson, C. S. Barrett, St. Louis; A. Bacharlas, Jackson ville; D. Cox, Savannah; J. W. Vordermark Fort fTayne. A STARTLING CONTRAST. REVERDY,TOHNSON COMPARES GRANT \ AND GREELEY. A Review of Grant'? Administration-j Ita Failures-Superiority of Greeley Hts Devotion to Country, and Unchal. lenged Integrity. Ia response to a request of Congressman James Brooks, of New York, for an expression of hlB political views, the Hon. Beverdy John? son has written a long letter, exhaustively dis? cussing the present issueB, lu which he says: BALTIMOUE, July 16,1872. The question with the people now Is, Walch of the two will they have for their next Presi? dent, U. 9. Grant or Horace Greeley ? The former, during the past three years, in the j Judgment ol all Impartial men, has proved nie utter unfitness for the office; the latter, during j a period ol more lhan thirty years, as the editor of a leading Journal, has proved bim- | I self, In the Judgment of all impartial and com? petent men, to be a man of extraordinary ability, perfect patriotism and Incorruptible Integrity. Has not General Grant demonstrated his unfitness for the Presidency ? His whole career as President has been full of blunders, to use no milder term. A few Instances will establish this statement: GRANT'S BLUNDERS. 1. His s?lection of his first Cabloet was made without consultation with any honest and experienced friend, and without regard to merit. He nominated as the head of the treasury a highly respectable merchant of New York, In Ignorance of the fact tbat by the flin section or the act of the 22d of Sep-1 tomber, 1789, such an appointment is express? ly prohibited, and this* upon grounds of the clearest policy-the provision being that no person concerned In trade. Ul reci ly or Indi? rectly, is eligible to any office created by that acr, and alter finding his error, he foolishly requested congress to modify the provision so as to enable him to make the appointment. 2. His selection of his relatives lor high and Important trusiB, at home and abroad, obvi? ously without ascertaining whether they were fit, and bia reluaal to remove many ot them, siter their unfitness bad been palntuily exhibited. 3. His negotiations for the annexation of the Dominican republic, through no minister se? lected with the approval of the Senate, and bis undignified lobbying with Benatora to procure IIB rat inca: lon; and his Impertinent and in? sulting message to Congress, after the treaty was rejected, in which he designated the rejection as an act of "folly." His usurpa? tions of the war power In threatening Haul, having the mean? at hand of making good bis threat, If they continued their hostilities against Dominica, and doing this not only while the treaty was under consideration by tbe Senate, but after they bad rejected lt. A. His open and shameless use of his power ot patronage to support bis personal adminis? tration and to secure a re-election. 6. His compelling Secretary Cox, a gentle? man of ability, who faithfully served his coun? try during me war as a general officer, and wno was administering the Interior department to the 8atlstaotlon ol the country, to resign, because he had refused to tolerate the assess? ment upon the salaries of hts clerks for party purposes, thereby countenancing the legality and propriety of such assessments. . No greater violation of duty could be perpetrated. 6. His not permitting, but virtually ordering, the members of his Cabinet and bureau offi? cers to canvass the States where elections I have been or may be depending lu his behalf j -thus sei lously Interfering with the public bu? siness which tbey alone were appointed to attend to, and far which alone they are paid. 7. In not only disapproving of the acts of I Congress, Known as the Enforcement acts of | 1870 and 1871, but In recklessly carrying them out by means ol the military. By bis utter disregard of the rights of the States and of the people. By holding the lat? ter still as enemies, und under this pretence continuing the military occupation ot some ol the States, and not interfering in any degree with the unconstitutional, reckless and corrupt governments which from the first to the present time have plundered those States, Involving them in almost hopeless bankruptcy. 9. HIB management of our loreign relations. His management ol the Alabama Claims under the Washington Treaty. It is unlortunately but too true that his conduct In this respect from the moment that the difficulty presented Itself to the period when it was removed in the manner just stated, has but served to Im? pair our character abroad and mortify us at borne in making the worij, at one lime, be? lieve that we were a nation of sharpers, and at another, a nation ot blockheads. 10. His conduct, and the conduct ol the party iu Congress and out of if, by whom be ls supported. In extending the powers of the general government beyond those delegated, In direct antagonism to rights and powers not only inherent lu tbe States and the peo? ple of tne States, but expressly reserved to them by the constitution Itself. In this enumeration ot the objections to ihe election of President Grant, I do not desire to Impugn his motives. I am wllllnz to concede that they are good, and rna', he believes them to be patrotlc; but my conviction ls, and. il I am capable of judgment, tbe facts which I have stated demonstrate Ita soundness, that, conceding bis motives to be good, he does not know what the constitution ls, and 1B entirely Ignorant ol the principles which should gov? ern a republic like ours. MR. GREELEY'S QUALIFICATIONS. I proceed now to submit to you some ooser vatlons lu relation to Mr. Greeley. In the first place, his love ot country cannot be doubted. His ability displayed in the ardu? ous position of an editor ol a leading Journal for very maDy years, the thousands and hun? dreds ol thousands who have been his constant readers will readily admit. That' he has, at times. Inculcated doctrines which many good and able men have thought unsound, ls, no doubt, true. But what statesman has not. His opinion on the doctrine of protection 1B now contested by many men ot ability and patriotism. Whether his policy ls eound or noe ls a point upon wnlcn even able men differ. But this ls certain, that when Mr. Greeley adopted lt he had the support ot some of the ablest of our statesmen, having at their head Henry Clay, a name never mentioned lu the hearing of Americans without admiration and gratitude. If Mr. Greeley has erred, lt should be held to be some extenuation that, he erred ia such company. That his opinion ls honestly entertained, and bas been maintain? ed with great ability, must be conceded. But does General Grant hold the opposite opinion? or has he any opinion on this nica problem ot political economy' Il he has oue (I've DO Idea he has, his studies-never having run on that line,) he certainly never has expressed lt, and from his enforced reticence, ii he was to do BO, would not be able to give bis reasons. But why should Mr. Greeley's opinion on this point be any objection to his election? He bas accepted the nomination he received at Cin? cinnati, and with an engagement to act upon the principles therein announced. One of them la, I quote lt. that "recognizing that ther* ls In our midst honest but Irreconcilable differences of opinion with regard to the re? spective systems of protection and free trade, we remit toe discussion of the subject to tbe people lo their Congress districts, and to the decision of Congress thereon, wholly free of Executive Interference or dictation." This gives to the friends of Free Trade an opportunity of satisfying the people that their doctrine ls the correct one, and that If Con? gress shall so decide their decision will not be disapproved of by Mr. Greeley. Whether Free Trade or Protection ls to receive the sanction of Congress will not depend upon the opinion of the President, even if he has one, I'and ls disposed to act upon lt. He can effect nothing except as he may be able to Influence Congress by lils patronage, aud this no man fit for the office would attempt, because to do so would be a palpable effort to corrupt that department. That Mr. Greeley would not take such a step ls certain, because he ls hon? est, and because the platform upon which he agrees to stand prohib?, s lt. PATRIOTIC TREATMENT OF THE SOUTH. Before the war, and occasionally during Ita continuance, his treatment of the South was believed by many to have been unnecessarily harsh. But In this no one seriously question? ed his motives. They were In no respect per? sonal or other than patriotic. The war over, what bas been his course ? From the first moment to the present hour he has earnestly desired, and has done all in his power to effect lt, to restore peace and prosperity to th? 1 South. A constant and ardent friend of gen eral amnesty and of universal suffrage, ne cannot but have commended himself to tho good opinion of the white and color? ed citizens of that region. The latter perhaps, are more Indebted to him and the Hon. Charles Sumner for the rights now secured to them than to any other two men in the country. His generosity and kind regard for Southern men was strongly illus? trated by bis becoming one of the ball o? Mr. Jefferson Davis, which terminated his cruelly protracted Imprisonment. For this step he was denounced by the Hadlee's of his party, and particularly by such of them as belODg to the Union League of New York. They pro? posed his expulsion; and who can forget, who has ever read lt, the proud letter of defiance which he addressed to the League on the 23d ol May, 1867 ? In that letter he quoted ex? tracts from the Tribune to show how decided his opinion was that those who had been en? gaged in the insurrection should be enfran? chised, and their estates exempted from con? fiscation. He Justified having become security for Mr. Davis, and in his letter, among other things, said: "Your attempt to base a grear, enduring party on the hate and wrath neces? sarily engendered by a bloody civil war, is as though yon should plant a colony on an ice? berg which had somehow drifted into a tropi? cal ocean. I tell you here that, out ot a life earnestly devoted to the good of human kind, your children will select my going to Bich mond and signing that bail-bond as the wisest act, and will feel that lt did mere for freedom and humanity than all of you were competent to do, though you bad lived to the age of Metbusaleb." BENEFICENT RESULTS OF GREELEY'S ADMINIS? TRATION. You will have thus seen what I think of the present political condition ot the country. Uoless I sm greatly mistaken, it must give to every unprejudiced, intelligent and patriotic man much anxiety and alarm. How is this anxiety and alarm to be removed ? By re? moving the cause of lt. By reluslng a re? election to General Grant, to whom, in a great measure, it not exclusively, it is owing, and by placing In the Presidential office Mr. Gree? ley, whose entire life bas exhibited bis gener? ous qualities, his great ability, his brave pa? triotism and his unsuspected integrity. To be rich, he will accept no presents, but would scornfully reject them If offered. He has not scores ol' relatives to provide lor out of the public funds by placing them lu offices for which they are grossly Incompetent, and, if he bad, be would n it so place them. He will not exert bis patronage to Influence State elections or to secure a re-election for himself. He will not permit the public funds, by means of a tax upon the salaries ef bis officials, to be used for party purposes. He will not suf? fer his secretaries or their subordinates to abandon their poets of duty and their attention to the public business to traverse State alter State on electioneering visits, so aa to bring the Influence of office In conflict with freedom of elections. He will see that our foreign relations are so managed as to give honor and not disgrace to the nation. He will not tolerate the use of the military tor the control of the elective franchise. He will. not trample upon the rights of the States or tbe people by declaring States to be in rebel? lion when they are not. And my hope ls to. live to see the day when these vital changes will be made; when all solicitude about the rate- of our country will be quieted; wben peace and prosperity will be secured to tbe the entire nation; when the guaranteed rights Of the citizen will be protected, the legitimate powers of the States maintained, and the au? thority of the General Government exerted only under the restrictions of tie constitution. In a word, when the constitution bequeathed to us by our rathers shall in all things be ob? served, and when we will have a President intelligent and patriotic enough to keep bis official oath to "preserve, protect and defend it." When all these things shall occur, and not until then, will our prosperity and power be renewed, and our country become, as it was in former days, the wonder and admiration ot the world. REVEKDT JOHNSON. PATING TBE PIPEE. England Settling l p tor the Work or the Confederate Navy. The World has a dispatch from Londo n re? porting that the tribunal of arbitration, at Geneva, has dismissed the claims for deprecia? tions committed by the Boston, tbe Sallie, tbe Jeff Davis, the Joy and the Music-all claims of minor Importance. The English demurrer, praying that the tribunal will exclude the oases of the Tallahassee, Chickamauga, Sum? ter, Nashville and Retribution, has been over? ruled. The case ot the Florida has been concluded. It ls believed that tba arbitrators have award? ed the sum of two million six hundred thous? and dollars ($2,600,000) for depredatloos on American merchant vessels committed by this English-built privateer The discussion In the case of tbe Alabama began on Monday. The following ls a list of American vessels which were destroyed by the privateer Flori? da between the dates of Sunday, August 24, 1861-the day on which Captain Semmee's flag was hoisted on the Alabama-to the period of the close of the war for the Union, viz: Vessel. Where from. Date of Capture. Aldebaran, sehr.New York.... March 18, 1863 Anglo Saxon, ship....Liverpool....Aug, 21.1863 Arabella, brig.Aap nwali....Jan. 12.1863 B. F. Hoxie snip.Mazatlan....June ia, 1863 Clarence, brig.Bahia.- -,1863 Common weall h,ahlp New York-April 17.1863 Corns Ann.brlg.Philadelphia.Jan. 22, 1868 ?avid Lapaley, bark..Sombrero....- - Electric ?spark, Btr.... New York.... July 10,1864 Estella, brig.Manzanilla...Jan. 17,1868 F. B Cutting, ship_Liverpool-Aug. 6.1863 Geo. Lau mer, sehr.... Baltimore. ? ..May 18, Gen. Berry, bark.New York.... July io. Golconda, bark.Taicahnana..Jnly 8.1864 Greenland, bark.Pnliadelobla.Jnly 0,1864 Harriet Stevens, bark.Portland.- -- Jacoo Ben, Bhlp.Foochow.Feb. 12,1863 Kate Stewart, scar.. .Philadelphia Jane -, 1863 Lapwing, bark.Borton.March 27,1803 Mary Alvina, brig_Boston.June -, 1863 M. A. Schmier, sehr. .Port Boyal...June 12.1863 Marg. Y. Davis, sehr.Port Boyal...July o, 1864 M. J. Colcord, barre..New York....March 30, 1868 Mondamin, baric.Mo Janeiro...Sept. -, 1864 Bed Gauntlet, ship'..Buena Vista..May 20. 1863 Klenzl. sehr.Provlncetown July 7,1863 Souih'rn Rlgtits.shlp.Rangoon.Aug. 22 1863 Southern Cross.Boston.June 6,1863 sr ar or Peace, ship .Calcutta.March 6,1863 Sunrise, ship.New York....July -. 1883 Tacony, bark.Port Royal.. .Jane 12,1863 Var. H. Hill, seor_Provlncetown Jane 27.1862 Wm. B. Nish, brig. ..New York....July 8,1863 Wm. C. Clars, brig..Machias, Me..Jone 17, Windward, brig.Matanzas.Jan. 22.186? Zealand, bark.New Orleans..Jane io, 1864 THE EVER-FAITHFUL ISLE. HA VASA, July 26. General RIguelme telegraphs a report of an engagement of government troops with nine? teen remaining members of the Fannie expe? dition. Ten of the filibusters were killed and lour captured, who were subsequently execu? ted. The five who escaped are likely to die of hunger. Several stands of arms and flags were captured. Importations ot Chinamen coastwise take place, and two vessels arrived last week. Captain Alian has captured Augustine Au gero, the revolutionary postmaster-general. Governor Zabalza returns to Spain on the 30th Instant. The Diario condemns the London Times1 article recommending the sale ol Cuba. THE WEATHER THIS DAY. WASHINGTON, July 26. The areas of rain and cloud will extend, with southerly to easterly winds, falling bar? ometer and Increased temperature, from th? lower lakes southward to the Ohio Valley and thence eastward over the Middle States bj Friday. Partly cloudy weather, with souther ly winds, on the South Atlantic and Gul coast. -A rocking-chair tan bas been invented which, during tbe bot season, will be particu larly grateful. &n elastic curved arm ls fae tened to the back of the chair, and bends at i convenient distance over tb? head of the sit ter. To the ead of this is attached a swing lng fan, which, on the slightest movemeni swings too and fro, acting as a fan, wlthou any exertion on the part ot the sitter. SCH?RZ'S THUNDERBOLT. INTEREST IN THE NO RIB CAROLINA CANVASS. The Three National Committees Kttab llahed in New fork-Speed of th* Greeley Movement In the Interior ot the State-Air. Greeley as the Tribune's* "Arithmetic Man"- Th? Millionaire Stewart's Desertion of Grant. [PROH otra OWN CCRBISPOKDKHT.I NEW YORK, Joly 23. Carl Schurz's great speech at fit. Louis last night occupied from nice to eleven columns In all the great dailies except the limes, which systematically suppresses unfavorable campaign literature. No one familiar with Schurz's speeches will' fall to recognize this one as the ablest of his lue. Its eflVot is ex? pected to be most poweriul among the Ger? man voters, many of whom have been baiting between abstaining from voting altogether and going over to Greeley. Ic -will be Imme? diately translated lato the German language and issued as a campaign document by the Liberal Be publican national committee. The Interest bas Increased h<-re la the North Carolina canvass since Boutweil's curious con? fession bas been made public. The secretary said during bis recent visit to the Old North ?tate that if the Radicals carried the Stats the remainder of the national campaign would be a mere canter to them, but li lt went against them they would have great difficulty to re? elect Granr. Both sides are boasting of com? ing victory, but it must be oonfeesed that the Radicals are boasting the loudest and most confidently. The World's artice this morning on North Carolina would seem to indicate that the Democratic leaders here bav? premo? nitions of coming defeat, for the explanations volunteered by the editor really look like attempts to break our fall. If a fair as well as full vote could be polled, there would be no doubt ol the election of the Democratic Slate ticket; but the trouble ls that the Radical Gov? ernor bas the power to appoint registers and officers ot the pells, (and he will not hesitate to take every advantage of lt,) and that thous? ands of negroes can be run over the line from Virginia, Tennessee and South Carolina, and voted ad libitum, bou t h Garollolaos living on the northern border might assist our cause by devoting the day of the North Carolina elec? tion, Thursday, August 1, to patrolling the lines and detecting the attempts of the Radi? cals to colonize voters la North Carolina; - '-' The effect of a Democratic- and Liberal Re? publican victory In North Carolina .on Thurs? day of next week would undoubtedly be to de? moralize the Grant party. If wi h their vast expenditure of money and other means ina State which- lias heretofore been naturally Radical, they cannot cany it, the outlook la very bad for them. Their defeat would be followed by a stampede all over the conni ry to Greeley of that great floating class ot voters who are always anxious to be on the probably winning side, and of those prominent Repub? licans like Backs and Farnsworth, who are on the fence waiting to Bee whloh aide is the saf? est to Jump. Tu corrow Boutweil's language, "Tne Greeley party will have au easy canter over tbe rest of tue field li North Carolina elects the Democratic and Liberal Republican Statetlokeu" ... ? The three national committees have estab? lished their headquarters In this city, and are now busily at work. The Demoorui lo Nation? al Committee have taken rooms at the Sping 1er House, on Union Square; the Radicals are located at the Fifth avenue Hotel, and the Liberal Bepubllcans at the denham House. For three months to come these sporn wlil.be the centre o? political basile and manage? ment. The Liberals h?>ve the advantage In point of time, for they have been working like beavers for six weeks past, while the other committees have been doing nothing. Cart-loads of campaign documents, have been, sent off to the postoffice from the Glenearn House for distribution throughout the' coun? try, tiumner's speech against Grant being the . staple article. There ls another Liberal Re? publican committee also engaged actively, though lt does uot make so much noise. It le tiie State committee, headed by John Coch? rane, with headquarters at the Astor House. This committee bus the assisi ance of Senator Fenton, who is generally supposed to be the meat adroit political manager this State hu owned since Aaron Burr's light went out. The detection from the regular Bepuoiican organization in the interior of the 8<aie con? tinues to-be very considerable. We hear of tens, twenties and hundreds In townships, and thousands in counties, who have heretofore acted with the Radicals who bave pronounced lor Greeley. Already six members of the Re? publican State Committee have abandoned ?he committee for the purpose of supporting tu e Liberal ticket, Republ.oan leaders all over tbe State are oomlng out dally tor Greeley, lt ls eavv to predict the result in New Yoik. In the heaviest vote polled by either party in the State, wMch was In 1868, tbe Democrats had 10,000 majority. If the lu i Demoorailo vote lt out in November, (and undoubtedly lt- will be, for the Brick Pomeroy malcon.'ei"* d0. P?P amount to a row o? pine,) and iher J a??e'a to lt ten per cent, of the Republican voJ> ,n8 state win go for Greeley by one hundred thou" sand majority. This, I understand, ls exactly the majority Mr. Greeley himself claims fur the L boral ticket in the State. There ts no better judge of political figures than the ex-edltorol the Tribune. Away back, In old Whig times, back to the days ot Harrison and Van Buren, he WSB a student of votes, gains and majori? ties. On every election night, tor thirty years, he has been in the Tribune office to receive the returns. His acquaintance with thia feature of politics and bis recollection of past votes is marvellous. He seems to know how every town, village and precinct in the Em? pire State has gone lor the past decade. I re? member wandering Into the Tribune office several years ago on the night ot a hotly con? tested State election. There was a great crowd there and Mr. Greeley was behind the oounter opening the returns as they came lc. From whatever point the returns came, he was always aoie to tell how muon gain or loss there was to the Republicans, compared with last year. I recollect it was announced that some town In the backwoods of Owego County bad given two Democratic majority. "How does that compare with last year, Mr. Greeley?" sang out an excited bystander. ''Sandy Creek," promptly responded the arith? metic sage of the Tribune, "gave forty-two Republican maj orlty last year. If we don't do better than this we will lose the county." Caesar, lt ls said, knew the name of every sol? dier in his army. Mr. Greeley evidently knows the Democratic and Republican vote ot every town tn the State. It ls for that reason that! put great faith in bis estimate of a hundred thousand majority for Greeley In New York in November next. Among the influential nabobs, whose sop port Grant has.lost, ls Alexander T. Stewart. It ls reported that ne has given the Liberal committee $30,000 for campaign purposes. He was very thick with Grant four years ago and subscribed largely to the gilt fuud, but sloee the President's attempt and failure to make him secretary of the treasury there has not been the best feeling between them. Some time ago Mr. Stewart desired that his own personal lawyer, Judge Hilton, should be made collector of the port ol New York. Graut was keeping the place for bis boon companion, Tom Murphy, and Mr. Stewart was snubbed. The President's organ thia morning sneers savagely at the position Mr. Stewart has seen flt to take in relation to tbe Presidential candidates. Tbe artiole will probably have the effect of drawing another $30,000 out of the Indignant millionaire's pocket for the Greeley cause. 1ST*. SPARKS FROH THE WIRES. -Ia New York, yesterday, the government sold one million of gold at 14 4.3-100*14 46-100. -In Philadelphia yesterday, -the Fiench Band was received by the French and several Irish societies. -The Iniiiana Democrats, yesterday, nomi? nated Cravens, of Madison, a Liberal Bepuoii? can, for governor. ? . , -Allison & Co's, car works, of West Phlla deiphta. were partially barned yesterday. Loss ivo hundred thousand dollars. -Tne New York Tribune publishes a notice thetas the Times oasxa reporter who con? ceals his calling In' order to make notes of private conversations of Mr. Greeley with Sat? urday visitors at C?appaqua, Mr. Greeley will not entertain after this week.