NEW YORK HERALD BftOAOWAT AND ANN HTHKKT. JAMES GORDON BENNETT, PROKRIBTOR. AO business or new* letter and telegraphic despatches must be addressed New Iobk Hkiat.d. Twine XXXT1 AIUSfiEllTS THIS EVENING. ST. Ja MBS THEATRE, Twenty-eighth atreet sad Broad way.?Cat a? in A?Baoou us. ACADEMY or MUSIC. Fourteenth street.?Italian Orcsa Mionon. WALLACE'S THEATRE. Broadway and 18th street.? BoeSDALB. WOOD'S MUSEUM. Broadway, corner 80th si?Perform ances alteruoon ana evening?Claibvoyanok. BOOTH'S THEATRE. 2K<1 st, between 6th and Sth a vs. Tun VioTiun?Solon Shinolb, BOWERY THEATRE. Bowery Thb Pubmombnon? BBABOUINO tub Depths. N(BLO*8 OARPF.N, Broadway, between Prtnoe and Houston streeia Olb amkkican Counts. ORAND OPERA HOUSE, corner of Sth ay. and lid Paris; oa. tub Days of tub Coumdmb. A.IRA EDWIN'S THEATRE, No. 73# Broadway.?Or KB A Bourra Li Post i>Bd soi i-eba FIFTH AVENUE THEATRE, Twenty-fourth street? Tub maw Drama or Divojtos. OLYMPIC THEATRE, Proaaway.?Tub Bai.let Pan TO MIME OB 11PMPTY UUUPTV. THIRTY-FOURTH STREET THEATRE, near Third ave nue.?NsaBO Bookstihoitiks, Yocalibmb, Ao. STEINWAT HALL, Fourteenth atreet Ob and Cos OEBT. PARK THEATRE, oppoelte City Hall, Brooklyn.?Best A, TUB MCDOBT. _ MRS. r. B. OONWAT'S BROOKLYN THEATRE.? OUBB. UNION SQUARE THEATRE, Fourteenth at. and Broad Way?Mkubo Aotb? Buulbsqub, Ballbt, Ao. THEATRE COMIQUE, 614 Broadway.?Couio Vooal UMBf Nkuko Ann. Ac. BAN FRANCISCO MINSTREL HALL, 686 Broadway Tub San Fbamoukxi Minstrels. BRYANTS NEW OPERA HOUSE, 111 at, between 6th ?no 7th art.?Betant'b Minstrels. TONT PASTOR'S OPERA HOUSE, No. 201 Bowery.? Mbouo Eookmtbioitieb, Bcblbboukb, Ac. Matinee. NEW TORK CIRCUS, Fourteenth atraet Scenes in tub Rimo, Aobouatu, Ao. DR. KAHN'S ANATOMICAL MUSEUM, 746 Broadway? Science AMD Abt. BOMERYILLE ART GALLERY, 82 Fifth ayenue-CAT aim's Indian Cabtoons. TRIPLE SHEET. New York* Tuesday, Noreinbrr 38? 1ST I. cojurors of tc-day's hfkilo. Page. 1?Advertisements, a?Advertisements. 3?Tile Prince's Pleasures: The Grand Duke Alexis Photographed; Visit to toe Brooklyn Navy Yard; Toe Imperial Party at the Opera; The Programme I'o-Daj; The Proposed Visit to Philadelphia?Dick's Distress: nailers on Behaii 01 ihe Late Comptroller Coming Un Slowly?News lrom Washington?The New Tone Orthop edic Dispensary?Kapld Transit. 4?The Municipal Government: Meeting oi the Board oi Apportionment and the Sinking Fund Commission?The Bad Gas?King's County Municipal Airairs?The Political Out look: The Plotting and Planning for a Reorganization or the City Democracy? Thomas A. Scott and the Presidential Question?Kunnlug Notes. Political and General?Rosen/.wctg Repudiated?Tne Long Island UR>le War?Citizen's Reform Asso ciation?Brooklyn Affairs?The Commissioners or Kmlgratloo?Prospect Park Pair Grounds The South Carolina Debt?Tne Recent Build ing C&sualtv. 5?Proceedings In the Courts?The Flsk Stokes Polly?Mrs. Curtis' Uopeiul Son?The Blue Grass Region?The smallpox-Personal Noiea?The Brooklyn Bridge Tower Acci dent?Anoi her Noted Tluer in Custody?Hung lllmseir?Marriages and Deaths. 6?Editorials: Leading Article, "The President's Financial Policy?A Prospect ror Reduced Taxation and Specie Payments"?Amuse ment Announcements. T? Editorial (Continued lrom Sixth Paget?Impor tant nom llaiy?Tne Prince oi Wales' Illness? Teiegrams lrom France, Spain, England, Russia, Germany, Aus'ria, Belgium, Cuba and Mexico? neathcr Report?Peisonal Intelli gence?Business Notices. 8?Financial and commercial Reports?Domestic Markets-European Markets?cotton Crop or the World for 1872?The suicide or Mr. Kopke? Slgnor Aldama and the Cuban Government Advertisements. 0? Advertisements. 10?Amnaemenu?Brooklyn Art Association?Mis cellaneous Telegrams?New York City News More Jersey Justice?A Bloody Affair In New Haven?Shipping Intelligence?Advertise ments. t J?Advertisements. 1 !A?Advertisements. Governor Soott of Sooth Carolina has ?topped all further issue of State bonds. The debt of the S'.ate at present ia $17,995,306, ?ix millions of which is due to parties in New York alone. TnE Ku Klux Trials commenced in Charles ton yesterday, Mr. Reverdy Johnson for the defence. The jury panel was challenged by the District Attorney and the Court was ad journed. The Empekor of Germany opened the session of the Prussian Diet in Berlin yester day. In his speech from the throne he re ferred to the financial prosperity of the country, proposed a general increase of offi cial salaries, and advised the extension of the system of railways. The Emperor-King is an active, generous and enterprising nation alist. The Grand Duke Alexis and his suite visited the Brooklyn Navy Yard yesterday, and were the honored guests at a brilliant reception given by Admiral and Mrs. Smith at their hospitable residence. In the evening the imperial parly attended the opera in the New York Academy of Music and listened to the rendition of "Faust" by an admirable company, with Mile. Nilsson as Marguerite. When the Grand Duke entered the Academy the or chestra struck up the Russian National Hymn, and the audience rose to welcome the royal visitor. To-day His Imperial Highness will review the New York Fire Brigade, and in the evening he will attend the grand ball at the Brooklyn Navy Yard. The Pbinob of Wales.?The latest bulle tin Is not encouraging as to the prospect of the recovery of the Prince of Wales. During Sunday night and Monday morning up UDtil ten o'clock he bad slept none. The lever was said to be Increasing, but the strength of the patient was holding out against it. It is grati fying to know that the Queen is constantly at bia bedside. The unhappy condition of the Prince Is aggravated by the fact that Her Royal Highness the Princess Alexandra is also UL It ia not improbable that her weak frame has been overtaxed, and that she has given way under constant watching. After all wealth ia sometimes found to be worthless and vaunted science weak. The Prince was more easy in the evening, but the disease still retained its hold. If in a few hours more the fever doee not take a favorable turn the XMooe's life will be in great danger. rreMlfnfi Flnxnclal Poller?A Pros pect for Deduced Taxation oad Hpocle ParoMBtO* Our speoial Washington correspondence has conveyed tbe important intelligence that the President will reeommend in his Message to Congress, a sweeping reform in taxation and in tbe financial polioy Mr. Boutwell has been pur suing. This we have been urging for some time past, and it is gratifying to know (i?n eral Grant has arrived at the same conclusion. Whatever may be said of him, or whatever mistakes he may make, it must be conceded that the President has the interest of the ooun try at heart and that be is honest in his pur pose, and that when he becomes well informed on any question of public policy he will tako the responsibility of recommending it whether his views accord with those of the members of his Cabinet or not. He sees now, undoubtedly, that the policy of the Secretary of the Treas ury in keeping up a system of burdensome taxation is a mistaken one. He is prepared, therefore, according to the statement of our correspondent, to take the initiative in re versing that. In this matter, then, Mr. Bout well will have to follow his chief; consequently we may expect the report of the Secretary will be in accord with the Message. That is the proper position for Mr. Boutwoll to oo cupy?the position merely of the bead of a department, or of a sort of chief clerk to the President?for he has shown no capacity as a finance minister. It is understood that the President will re commend Congress to abolish all the inter nal taxes, except on spirits, malt liquors, tobacco in different forms and stamps. The exception of stamps, however, might cover a wider field, and we hope by this no large amouit of taxation by stamps is contemplated. Spirits, liquors and tobacco are proper articles to be taxed, and that as high as they will bear it, without risk of the revenue being defrauded or making it difficult to collect tha tax. The best revenue policy is to collect the greatest amount pos sible from a few articles of luxury in general use, especially from suoh as are rather in jurious than useful to tiie community, and spirits, liquors and tobacco come under that category. The revenue system of Great Britain, which has been brought nearer to per fection than that of any other nation, is based upon this principle. Not only do the people feel the burden less, but vice is checked, the revenue system becomes simplified and a com paratively small force of employe's is required to collect the dues of government Conse quently the current expenses of tbe govern ment are greatly reduced, and a host of men are sent from clerical offices to produc tive employment. The reform promised in our revenue system, together with a thorough reform in the civil service, would reduce the force of government employes greatly, save many millions of dollars a year to the Treasury, and check effectually the de moralizition that springs from offloe-bolding and office-seeking. But as the President has resolved to enter upon this necessary reform we hope he will not recommend or be satisfied with half meas ures. The revenue should be cut down a hun dred millions a year at least, and we think It might be safely reduced a hundred and fifty millions. Two hundred and fifty millions ought to be ample for current expenditures, the interest on tbe debt and a sufficient mar gin for paying off a portion of the principal ol the debt. The debt interest is less than a hundred and twenty millions, tbe expenditure for the support of the government ought not to be a hundred millions, and with a revenue of two hundred and fifty millions there would be a margin of thirty millions or more for contingeucies and liquidating the principal of the debt. With the present system of taxation the Treasury would derive an income, we have no doubt, the next fisoal year, of four hundred millions or thereabouts. We repeat, then, that a reduction of taxes of a hundred millions to a hundred and fifty millions can safely be made. We hope the President, therefore, will not take any half meas ures, nor be influenced by the Secretary or any other party in his action, but will recom mend a sweeping reduction of taxes, and the reforms needed. In this, too, let him not neglect the tariff. A great improvement is necessary in that. In reducing the revenue to the standard we have named, or even lower, there will be an opportunity to modify the tariff so as to improve our shipping inter ests and to give an impetus to commerce, at the same time internal taxes are taken off and the whole system simplified. It may be more difficult for General Grant to touch the tariff than internal taxation, as the protec tionists are powerful and comprise the bulk of his party but he is in an independent and most favorable position and shonld look only to the interests of the country. Let us have tariff reform as well as reform in internal taxation. With such a great reduction in taxation as we have indicated the most important step will be taken toward specie payments. The country will bound forward in prosperity, apprehension of financial disaster or a crisis will be removed, industry, commerce and the exportation of our products will revive, and gold will go down. There will be nothing, in fact, to hinder a return to specie payments the coming winter. Gold is now down below 111 premium, which is near the value of for eign specie in the difference of exchange, and the government could at any time restore specie payments. It is a hopeful indication that we may soon reach a specie basis that simultaneously with the promised revenue re form some of the leading members of Con gress are preparing to urge resumption. Sen ator Sumner, who is now on his way to Wash ington, is prepared, it is said, to use his great ability at the commencement of tbe session of Congress to bring about specie payments. That is to be bis great work, and when we look at his power and legislative experience, there is reason to believe he will have great influence in settliug the question. He goes to Washington, too, it appears, fortifl-d by the desire of commercial men, capitalists, manu facturers and tbe people generally of New Englaud for this object. The greatest obstacle, perhaps, to a return to specie payments may be found in tbe national banks. These powerful institutions have a monopoly ol the paper circulation and derive an immense profit from that. It is natural to suppose they will oppose specie payments. But are they to stand in ths way Under any circnms'ancos they would continue to receive great advantages and profits from the liberality of the government. No institu tions were ever more favored. The profit of a national circulation is gratuitously given to them. They give nothing in return for that and are of no assistance to the government. Congress ought to oompel them to resume specie payments at once. In their grasping cupidity they lose sight of toe little incon venience which, after all, they would be sub ject to in resuming specie payments. They do not seem to comprehend the wonderful revolution that the magnetic telegraph and other modern agencies of scienoe are effecting in the monetary affairs of the world. Nomi nally specie may bo the basis of circulation and commercial trans lotions, and may be used to a limited extent among the people in the ordinary transactions of life-; but it is no longer necessary for aotual transmission or currency in large commercial transactions or for use in the balanoe of trade. The de posit of an amount of specie in one place, or of value in anything else, is as good as at any other place. The telegraph communicates the fact and renders unnecessary the removal of specie to any great extent. The tendency is more and more to make the removal of gold and silver in bulk unnecessary to regulate trade, and the time is not distant when the transmission of these metals will be of no more use than the removal of iron or oopper for that purpose. All commercial nations are approaching to an identity of interests, and values everywhere are becoming equalized. The present postal money order system bo tweon nations is but the beginning of a far more extended system of exchange by paper without the removal of specie. There need be no apprehension, therefore, about returning to specie payments. Gold and silver will be In little demand, comparatively, and our mone tary system would soon be equalized with that of the rest of the world. Lot us have, then, a thorough reform in our revonue to begin with, and that to be followed, without delay, by a resumption of speole payments. The Italian Nation Crowned la Rome? Opening of tho Parliament by King Vic tor Rmmannel. A Herald special telegram from Homo enables us to reoord in our pages to-day the consummation of one of the greatest, perhaps grandest, events of modern history. Tlie na tional edifice of Italy wa3 crowned in the Eternal City yesterday. King Victor Emmanuel opened the session of the Parliament in the capital with a spoech from the throne. The scene was animated and enthusiastic to a de gree. It became solemn from the patriotic foot ing which was evinced by the ohief actors. The legislative bail was thronged to its utmost capacity. The audience saluted the King with an outburst of genuine applauso. His Majesty appeared to be deeply moved as he advanced to the throne and after he had taken posses sion of it. The main points of his address, as they have been specially reported for our readers, were spoken in reference to the con solidation of the kingdom and the future atti tude of the government toward the Pope. When be said that ".he great work to the accomplishment of whioh he had devoted his life was now happily completed," his words were hailed with shouts of deafening applause. When he urged "the necessity of conciliation towards the Vatican," his advice was received coldly. The very heart of Italy was presented to the Crown by this twin expression. It had engraved on it, "A free Church in a free State, but a free State before all." Tho King proceeded to say that Italy had reconquered her place in the world. She had been re stored to herself first. She was peaceful and friendly with the other nations. Rome was likely to remain the seat of the Pontifi cate. llis Majesty does not trust to soft words or the influences of the red tape system of diplomacy, notwithstanding all this. He "warned" the Parliament of the necessity which exists for a thorough organization of tho military and naval forces of the kingdom, assuring the members that the people will hold them to a strict ac count in the future should they neglect their duty in either respect. In this the King gave proof that he is vigilant as well as prudent, and thus justified his descent from his illustri ous ancestors?him of the Hard Head and the Man of the Hundred Eyes. Leaving the Parliament House the monarch was con ducted by the people In triumph to the Quirinal. He stood forth on the balcony twice after bis arrival, in obedience to their call. Rome was illuminated grandly?and an illu mination in Rome is always the grandest of its kind?during the evening. The sky was in accord with the King's subjects. A luminous appearance radiated from the planet Venus at midday. It was accepted by the Italians as a light of hope, an augury of tho future oi' their country. His Holiness the Pope remained in the Vatican. The Pontiff was consoled by the clergy. Thus do we specially pro claim Italy emancipated, from its outmost ex tremity to the centra of the city of Romulus. The spirit of Cavour is appeased, perhaps avenged. A Riot of Alarming Dimensions has, ac cording to our special despatch, tuken place in the Cuban capital. It appears that the medi cal students of Havana, moved by the spirit of mischief, if not by malicious intent, have des ecrated the grave of Gonzales Castanon, whose memory is held high in veneration by the vol unteers. This unruly body of men know no other oontrol than that of their unbridled pas sions. Following their bloodthirsty instincts, they demanded the surrender of the students who had been confined in ths jail, in order to sate their vengeance on the lives of the offenders. The Acting Captain General has, however, had firmness enough to resist the demand of the ruffianly volunteers. By bis order a court martial has been formed for the trial of the accused, of whom eight are already said to have been sentenced to death. This punishment would be so cruel and bar barous in proportion to the Bmallness of the offence that it is to be hoped, for the sake of humanity, that the report is not true. The Spanish government will not burden itself with the terrible crime of executing these young men for such a paltry matter. A D suonkst Revenue Official in Texas recently comimlt d suicide, thus putting to shuino, so fur as conscience is concerned, some of our own dishonest officials* it ami a ArwlnB_prp,,,rat|#M fa tke (jeH|gf ('-??flirt. A cable despatch informs us that the Lon don Standard baa it on anqueatkmable ?uthoritj that Russia is arming on a gigantic soale. Two fortified camps are being formed, ?ach to contain one hundred and eighty thou ?and men. It ia decided that one of the forti fied camps shall be at Smolensk, and it is all but certain that the other will be located on the Galioian frontier. The Standard further informs ua that theae military preparations are directed more particularly against Austria, because of the appointment of Count Andrassy to the ohief place in the imperial council. We hare no reason to doubt that the Standard is well inarmed, or that this piece of intelligence is absolutely reliable. If true it Is ominous of war. It is now some weeks slnoe we foreshad owed some such complication. We distinctly declared that the next great conffiot In Europe would be between Russia on the one band and Germany and Austria on the other. It was known to us that Germany was making war preparations on a most gigantio soale. It was known that Austria, in spite or her Internal troubles, was similarly engaged. Every other day has been revealing facts which left us less and less in doubt as to the tendency of events. It is only a few days since Bismarck proposed sod the North German Parliament consented to the laying a?ide of a huge war fund to be ready for immediate use in the event of any sudden emergency. That war fund, enormous beyond anything of the kind ever known in Europe, is now or soon will b?, in hard cash, safely deposited in the imperial treasnry. The conferences of Gastein and Salzburg have severely pained Russia. Von Beust has retired but be did not retire until be had effected a recon ciliation and concluded an alliance between Germany and Austria, nor until he made it oertain that the policy he had inaugu rated was safe in the bands of his successor. The Hungarians are the sworn foes of the Russians. They never liked them, and they never will forgive them for their conduot in 1849. Count Andrassy is a representative Hungarian and fully imbued with the senti ments of his countrymen. The concluding of an alliance with Germany was the breaking up of all friendly relations with Russia. If one of the fortified camps be established on the Galioian frontier it will be regarded as a direct menace to Austria, and it may be taken for granted that the imperial govornmont will lose no time io demanding an explanation. On this explanation will hang the question of peaoe or war. Such a camp in such a place Austria cannot permit, for it will be an open encouragement to the disaffected Sclaves to rise io rcbollion. The whole question is thus reduced to a nice point. If?as we have no reason to doubt an alliance offensive and defensive has been concluded between Austria and Germany, Austria will rush in at once, but she will not rush in alone. The conquering sword of Germany will be unsheathed, and all the weight of her invincible hosts will fall upon the Northern Colossus. It is not difficult to decide beforehand on which side victory will lean. Russia may be more than a match for Austria; she may be quite equal to the task of measuring lances with Germany; but against Austria and Germany combined she cannot have the shadow of a chance. Russia is absolutely without an ally. The only pos sible assistance she can count upon is insur rection among the Austrian Sclaves. The war may be short, sharp and deoisive. It may be protraoted. In any case it will be bloody and destructive, qufce as much as, if not more so, than the war which has so recently been concluded. There are those who think that France must join in the conflict. We do not share this opinion. France is not in a position to undertake the responsibilities and run the risks of another gigantic coufl ct. Her hour of revenge may come, but the time is not yet. If France should indicate a willingness to choose her side it will not be difficult for Bismarck to persuade Italy to give France sufficient occu pation. The Italian people hunger after Nice and Savoy quite as mach as they hunger after Rome. And who can doubt that in such an event Bismarck could and would plunge France once more into the agonies of civil war by openly enconraging and aiding towards the restoration of Napoleoa Not unless Turkey or Switzerland, or Holland or Bel gium is menaced will Great Britain join in the fray. Ono certain result of the war will be the rectification of frontiers. Austria will pay Germany for her help by surrendering the German provinces proper, and Prussia will consent to her occupation of Roumania. Austria will thus, leaning upon Hungary, move eastward, and by building up a new em pire in the Lower Danube she will raise a powerful barrier wail between Russia and Constantinople. Germany will not lose the opportunity to seize the German provinces of the Baltic. Russia will lose, Austria will lose; but German unity, so long the dream of poets, will be an accomplished fact. It will not surprise us if the British government shall, in the general confusion, seek compensation for the loss of its infl lcnce on the Contiuent by seizing aud occupying the land of the Pharaohs. Great Britain will maintain, for some time to come, her supremacy on the seas, but Germany will be the undisputed mistress of the Continent of Europe. Kentuokt and tub Passive Movement.? The Danville (Ky.) Advocate does not ap prove of the democracy abandoning the field at the next Presidential election. It is not only in favor of a Democratic National Con vention, but the selection as its Btaudard bearers of men "who are thoroughly identified with the democratic parly in the struggle it will make to preserve a constitutional Union." This is the opinion of most of the democratic journals in Kentucky?a State whose democ racy is planted upon a rock so firm that the blasts of radicalism beat upon it in vain. TnK Mormon Ei.dkr, Pratt, even at this late day, insists upon upholding polygamy, and he and his congregation declare they will give it up for no government on earth. Brig bam bus been telegraphed to by his Iricnds to come homo in time for his trial, but it is shrewdly intimated that the prevailing snow storm may prerent hint Mr. Montgomery Blair** Man# flow*?* noffaia'i Plan and Judsro Church's Mr. Montgomery Blair, of Maryland, o#? of the famous Blair family, has a plan (we pub lished it yesterday,) for defeating General Grant in 1872. It is the Missouri plan of a fusion of the democrats with disaffected repub licans, the democratic paisive policy, the plan of running the democratic party under cover of a republican domino and Mr. Blair makes out a strong ease in support of this plan. In the first place he says that General Grant is no republican, but is a democrat, and that if it had not been for Washburne the democrats would have got him as their candidate in 1868. Mr. Blair says that by Mr. Tilden, Mr. Church, and others, of New York, in 1868, "I was authorized to offer Grant the democratic nomination, which I did, but Grant fooled me. He was only ooquetting with us." And so they lost him. But what are they to do now Mr. Blair says that Grant is very strong; that be has the political stookers at his back, the sporting fraternity, Bishop Simpson and the Methodists, all the high tariff men, the railroad monopolies, the national banks, holding four hundred millions of government securities; the bondholders, and the army of office-holders, one hundred thousand strong. We are not surprised, then, to be next told that "it is the alliance of these vast interests which gives Grant and his radical coworkers their almost irresistible strength," the powor, in faot, of "a regular army against an opposing force of untrained volunteers." Here, then, Mr. Tweed's Immortalized ques tion recurs, "What are you going to do about it?" Mr. Blair confesses that the democratic party, with its war record, has no ohanoe, and so he says, "Let the democratic party stand back, and let the field be kept clear for the disaffected and Independent republicans;" and let them "nominate whoever they please, and then rally the democrats to his support;" for "this is the way Lincoln got in in I860, and in this way Graut can be easily defeated." As to the candidate Mr. Blair says, "My per sonal preference is for William Cullea Bryant." We have tried generals, statesmen and poli ticians, and Mr. Blair now goes for a poet, a Nestor among poets, one who can not only write poetry but who can translate and ex pound "Homer's Iliad" as it never was trans lated or expounded before. But "there is Trumbull and Judge Davis, Senator Carpenter and Gratz Brown, any one of whom would make a splendid run, and, with a fair canvass, would beat G?ant." This is Mr. Blair's plan. In the next place, Governor Hoffman is strongly inclined to a fusion movemont on the Missouri system, though he says, "I am not clearly settled in my mind sb to what oourse the democracy should pursue." In other words, he is "wait ing for something to turn up." He thinks, however, that "the New York reform move ment should be extended to the whole nation," and that at the head of affairs "we want a statesman who will dictate a policy to his Cabinet, instead of blindly following such policy as may be mapped out by his minis ters." But still the Governor is like one groping in the dark, for he does not see his way through the labyrinth or the fusion move ment proposed between the democracy and the discontented republicans; and so he beats about the bush in "glittering generalities." Judge Sanford E. Church, himself a bold over candidate from the Tammany Conven tion, has no faith in these coalitions. He thinks "the democracy of the nation is too great a power to surrender its principles in a scramble for office," that "its past history is too brilliant to forego its policy for a division of the spoils," and that it "still lives and will live for a brilliant future that will oome some time." He thinks, too, that now is the time for the IIebald to lead off in the great work of national reform, and that through the power of the press a mighty revolution may be speedily accomplished. But he is in no hurry for this fusion movement, and does not like the idea of putting the democratic party on a back seat, out of the public view, In this com ing Presidential contest. We find in this proposed fusion movement that the red-hot democracy of the West and the Confederacy democrats of the South are most enthusiastic, that the democratic leaders of the Central States and the East are not very hopeful of this new departure, and that the disaffected republicans in regard to it aro exceedingly shy. They like the lectures of Carl Schurz against General Grant; but they re pudiate the idea of a bolting republican con vention, in advance of the regular convention of that party. If they cannot, in that conven tion contrive to upset Geueral Grant, they may be ready to join the democracy; but it is doubtful They want a share of the spoils, and four years more is a long time to wait. When the pinch comes these disappointed radical outsiders may think it wisest to trust to their chances under General Grant. And so, we fear, Mr. Blair's plan will to a failure. Southern Figures fob am Anti-Grant President.?The Montgomery (Ala.) Adver titer?liberal democrat?figures up ninety eight Southern eleotoral votes for a liberal democratic and conservative ticket next year. Only sixty-one additional democratic and con servative votes are needed to secure the election of a conservative President. "Can not," asks the Advertiser, "the Northern and Western democracy and conservatives furnish sixty-one votes for their own men and their own platform, which the South stands ready to sustain?" They certaiuiy ought. But in the present seething and surging condition of the democratic party tho question is?Will they? With the wreck of Tammany the democratic ship lost its rudder, and it will take some time to replace it with one that will enable it to steer a safe and correct course during the storms of the next Presi dential contest. Tiie Convention between Austria and the United Stales guaranteeing the inviolability of trade marks in the two countries was duly ratified by ministerial signature in Vienna yesterday. Another step in tho path of inter national harmony and a fresh aid to commer cial progress. Tnx Higher Toned Piokdookkts in Sing Sing rccenlly assaulted and robbed tho abor tionist, Rosenaweig, for presuming to intrude on their oomoanv* Jndfs Brtlford'a Rnld?The Guid Jury at Work. The interlude of the recent arrest under the civil suit Instituted by the Attorney General of tho State, through Charles O'Conor, must not be permitted to divert public attention" lrom the more serious drama in which Judge Bedford plays the leading part, supported by istriet Attorney Garvin and an intelligent Grand Jury. After all, the recovery of the money of which the oity has been defrauded, even supposing that restitution should be made of every dollar, would not be so satis factory a vindication of justice as would the convtotion and punishment of the dishonest officials who have so criminally abased their trust. As it is the oivil proceedings do not contemplate the recovery of more than an in significant portion of the plunder secured by the conspirators?two million dollars, or thereabout, out of some fifteen or twenty millions. Henos the successful termination of the suit, which ie at least doubtful, would be but a mockery of jus tice. The amount would be paid out oI the commoQ stock, and the peculators would scarcely feel its lo38. It woatd be u lasting diBgraoe to the oity should no penal sentenoe overtake those who are accused, not of breaoh of trust only, but of actual forgery. Hitherto the intrigues, bargains and Interests of political adventurers have fettered the pro ceedings against the suspected parties, and the efforts of those who have been aiding and advising the Committee of Seventy have bees directed rather to a party triumph than to the actual conviction and punishment of the guilty parties. Judge Bedford, who is free from all politioal allianoes, is reeolved te remedy this evil, and, if possible, to faetes the criminality where it belongs, regardless of where the blow may fall. The District Attorney and the Grand Jnry.seem to be weU disposed to seoond his effort and to do their duty as the Judge has discharged his?fear lessly and resolutely. The Grand Jury held meeting on Saturday?a very unusual thing? and it is known that on that day Charles O'Conor and Jackson S. Sohnlta were before them. Yesterday, it is said, Samuel J. Tildeu was under examination. This certainly looks like business but we believe there are better witnesses to be eocored than any of these gentlemen. It is singular if Assistant Auditor Lyues cannot be traced. The police should be set to work to discover his whereabouts, and also to track Woodward. We shall be prepared, probably, to offer some suggestions to the Grand Jury beiore the investigation closes which may aid them in perfecting a case. At present it is rumored that the Harlem Court House swindle occupies their attention. At ail events they are hard at work, and the be3t evidence that they are on the right tack is to be found in the flurry and alarm evinced by those whose noisy advooaoy of reform has been Induced only by political motives. Judge Bedford has proved himself to be a fearless and upright Judge, and it ia to be hoped that his reputation will be Bhared by the Dietriot Attorney and the Grand Jury. Thanksgiving.?The national festival el Thanksgiving will be upon ns soon, and we can truly say that we have muoh to be thank* ful for. The Treaty of Washington, the over throw of Tammany, the reduction of the na tional debt and the arrival of the Prince are all fit subjeots for hearty thanks. The Chicago and Western forest fires were terrible devasta tions, it is true; but eventhey can be trans formed into subjects for congratulation when we remember what a wonderful libation o! charity they called forth from all parts of the universe. Indeed, we have bad enough good things vouchsafed as during the year to insure a hearty Thanksgiving and a bounteous feael of turkey on Thursday next. In the mean time we will not let the poor be lacking. New York never does that. The Two Pugilists, Mace and Coburn, an nounce, with many convincing oaths, that they intend to fight, instead of spar, on Thursday I next. The Case of Ex-Comptroller Connolly.-? i The ex-Comptroller, abandoned by those wha have heretofore Btood before him to soreen him from the law, has found great difficulty in I procuring the amount of bail required in the r civil suit in which he has been made a oo defendant with Tweed, Woodward, IagersoB and Garvey. Ho has not, however, suffered as much inconvenience from tbo delay aa would have been experienced by a less im portant prisoner, his quarters having been more pleasant than those occupied by the poor debtors, with whose sufferings Judge Barnard recently exhibited so much sympathy. The New York Hotel is a much more desirable residence than the Ludlow street hotel, and, as will be seen from our reports, the faro pro vided for the inmates is of a batter quality and in more plentiful supply. A Western Backwoods Politician is Ut favor of tho "one-term" principle. He has a woman's rights wife, be says, who is one ter magant, and is not in favor of the continuance of her administration. There is a Little Excitement in Bostoe about the next Mayor. The present incum bent, Mayor Gaston, was elected by a non party vote. Tho republicans propose to nominate a candidate of their own, Mr. New ton Talbot. Talbot is a good sort of a man enough. He has a weakness for red whiskei* and is of commanding build. But he has a way of keeping his eyes dosed, whioh la hardly bocoming in these days of municipal reform. The man for Mayor nowadays must keep his eyes wide open. Southern Immigration.?The Governor of Alabama, in his recent message to the Legis lature, recommends to the earnost consider ation of members the question of immigration. The impression of new industrial energy and intelligence through the introduction of a vigorous, hardy and law-abiding population from other climos and countries, ho says, will have a salutary and invigorating effect on all tho Industries of the State, as well as on tba social and material interests of the people. Ho advises tho establishmout of a Bureau of Immigration in connection with tho office of Commissioner of Industrial Rcsourocs. Tha great induocmont for foreign immigrants ta locate in the South would ho tho ussuranoe that they can be protected in person and property equally with those nho out thai*