which, in our judgment, is principally of a moral and political character. Our historical knowledge has not been materially increased by it; but a true history of Napoleon I., written by a Gerinan or an English scholar, could never have found its way to the firesides of the French people. The "Napoleonic Legend" invented by M. Thiers could, so far as the French are concerned, be crushed only by a Frenchman. This M. Lanfrey is doing, and the sincere thanks of every true friend of political morality, genuine civilization, progress, and liberty are due to him. MR. THE MAGAZINES FOR MAY. R. ADAMS'S eulogizing of Mr. Seward, and his refraining from eulogy of Mr. Lincoln, have very recently caused many people to consider once more the relative services of the various distinguished civilians brought into prominence by the war, and the whole subject has become freshly interesting. Mr. Gideon Welles's article in the Galaxy will, then, attract many readers, and anybody who goes through it will find his expenditure of time and patience measurably repaid. We cannot say that it appears to be a very important contribution to history. Mr. Welles's object-not clearly avowed, however-seems to be to show that when Captain Wilkes seized Mason and Slidell, but allowed the Trent to proceed on her voyage, and thus put his own Government technically in the wrong, the Navy Department did not fully share in the general joy and gratulation, but on the contrary had some prevision of the trouble in store for us. The article rehearses a paragraph from the report of the Secretary of the Navy (Mr. Welles) for 1831, which indeed does not rejoice with a perfect joy over the San Jacinto's exploit, for it deprecates Captain Wilkes's "too generous forbearance in not capturing the vessel which had these rebel enemies on board," and asserts that "it must by no means be permitted to constitute a precedent hereafter." But there is nothing at all about the dubious legality of the arrest. A letter to Captain Wilkes Mr. Welles also cites, but this is of the same force, and in precisely the same sense, as the language of the report: "It is not necessary," the Secretary writes to Wilkes, whom at this moment the Bostonians were feasting, without giving much regard to the international aspects of his action-"it is not necessary that I should in this communication-which is intended to be one of congratulation to yourself, officers, and crew-express an opinion on the course pursued in omitting to capture the vessel which had these public enemies on board, further than to say that the forbearance exercised in this instance must not be permitted to constitute a precedent," etc., etc., etc. Here, again, we have no intimation whatever that to the "two elephants on our hands," as Mr. Lincoln called the rebel commissioners as soon as he heard of their capture, our title was fatally defective. Mr. Welles remarks, as if in justification of his letter to Wilkes, that a long interval of peace and of the rigid observance of neutral rights had made our officers extremely reluctant to treat neutrals with the harshness necessary in time of war, and that "it was felt to be impolitic to reflect upon the audacity of Wilkes" (though too audacious he might have been) while other commanders needed stimulating. Furthermore, the Navy Department was unwilling to chill the zeal of the people, who were extremely indignant with England, and to wound the feelings of a gallant officer who had displayed decision and intelligence. The congratulatory letter was therefore written. That it would have been written all the same had the Navy Department clearly known at the moment the law of the case, we are left to infer; but how safe an inference this would be we shall not undertake to surmise. We may readily concede that, in the early days of the war, Secretaries of the Navy and other officials "called, as most of them were, from private life," as Mr. Welles in another place reminds us, should have made many mistakes of ignorance and bad judgment. As regards the case of the Trent, Mr. Lincoln's Cabinet, if judged by Mr. Welles's statements, would appear to have been a little out in its law at first, and to have greatly underestimated the insolence and ill-will of the Palmerstonian Ministry. We can all recollect how troops and ammunition of war were immediately ordered to Canada; how the British squadrons in our waters were reinforced, and how a royal proclamation forbade the selling of arms and the shipment of saltpetre and other war supplies. And we can all agree with Mr. Adams that Mr. Seward's skilful and adroit note, diplomatically soothing the national pride by its assertion of the triumph of American principles in the rendition of the two emissaries, was a most useful and important achievement. It need not blind us to the fact that Mr. Lincoln was by no means the unknown and unrespected man that Mr. Adams's recent address might permit some of its readers to imagine; but certain it is-if Mr. Adams's knowledge of the facts be not at fault--that to Mr. Seward's great self-control, ability, tact, and readiness we owe a vast debt. We perhaps may well doubt if the country would have parted so far with its native good sense as to have entered on a war with England while the We may properly advertise the magazine reader that Mr. Welles gives marked attention to the lives and characters of Mr. Mason and Mr. Slidell, and that his study of those statesmen has some raciness. We forget whether we have before called attention to a certain comparison relating to Mr. Welles's writing, but we fear the loss of it more than the repetition: all of a sudden he broke a long silence, and began discussing sundry topics in which he and some enemies of his were interested, but about which the enemies had been having all the talk to themselves; it was thereupon remarked of down one afternoon, and on which he reposed with complacency for some him that he was a good deal like a log on which a Florida gentleman sat time, but from which he arose with precipitancy when he discovered that he was sitting on an alligator, and that it was getting ready to move. Mr. Welles is abundantly able to try conclusions with his adversaries, whoever they may be, and they may guard their own heads. As to how he strikes, the following passage may show. Apparently, he regards the "sacredness of ing of the bad end to which both Mason and Slidell finally came. Both, he the tomb" as very much dependent on the person who is in it. He is speakduring the progress of which they had been disregarded suppliants at foreign says, "found themselves homeless and aliens" at the close of the rebellion, courts. Mason had a vagabond residence of two or three years in Canada," and afterwards "returning quietly and humbly to Virginia a broken-down old man, and finding his once pleasant home in the Valley of the Shenandoah desolated by war, he retired to the vicinity of Alexandria, where he died an obscure and miserable death in April, 1871." As for Slidell, he applied to President Johnson for pardon and a safe-conduct, and being answered that he could have no special privileges, "he therefore spent the rest of his days in exile, passing the remnant of a vicious and intriguing career in reading French fictions, and finally died in London in July, 1971, three months after his associate Mason had been entombed." Should this sort of summing-up of the careers of these two seem to any to be unduly harsh, it will be just to Mr. Welles to recollect that he was the humiliated and indignant spectator of their insufferable and contemptuous arrogance in the time of their prosperity, when the one of them felt, and the other affected to feel, or did really feel, that the Connecticut man and the Massachusetts man and the Illinois man were slaves and cowards, 66 "As purchasable as the common stews," and when, as the Irish say, they made no bones of letting their opinions be known, in language as offensive as they could discover or invent. Those are old days now; but they are the days of some hearts, and by such can never be forgotten, well as it may be that in time they should fade out of the national memory. Another historical article in the April Galaxy is by Mr. John Bigelow. "Our First Centennial, and How it was Celebrated," is the title of the paper, and it recounts how, on the day of our National Thanksgiving, last year, Mr. Cyrus Field gave a dinner in London, at which was present Mr. Gladstone, who made a speech. In the course of his remarks he said that England in waging against us the Revolutionary War was "in error-struggling against nature-struggling, I may venture to say, against Providence." Mr. Bigelow reminds us that one hundred years before-one hundred years almost to a day-Dr. Franklin, then residing in London as agent for the Colonies, came into possession of the celebrated "Hutchinson Letters," the publication of which did so much to enrage the colonists When and to hasten the day of separation from the mother country. the assertion in these letters that if a few more royal soldiers were sent over the patriots would keep themselves quiet, had called out the petition of the Massachusetts House of Assembly, asking the recall of Governor Hutchinson and Lieutenant-Governor Oliver, Franklin was commanded to appear before the Privy Council, and there he was shamefully baited by the Solicitor-General, the notorious Wedderburn. It is the May 8, 1873] proceedings before the Council at this session that Mr. Bigelow compares and contrasts with the proceedings at Mr. Field's dinner-the celebration of our true centennial, for it was so early as 1772. says Mr. Bigelow, quoting for true the words of Mr. Parton, that "England had already lost her colonies, though no one suspected it." No one might have suspected it for many years more, we may add, since this kind of generalization is in fashion, had the English Ministry had any sense. Mr. Bigelow concludes his historical reviews and reflections by advising the United States that it will be "as well for her not to make honey of herself if she does not wish the flies to eat her, or, as the Haytiens say, 'make-believe die if she does not wish to be buried,"" and to remember that the same Mr. Gladstone who is now so sweet upon her is the same person who not very long ago asserted that "Jefferson Davis had created a nation." Mr. Thurlow Weed has something to say on the Junius Controversy; Mr. Justin McCarthy, who is fond of M. Gambetta, asseverates that the French Assembly is "an embodied conspiracy," "a huge gang of plotters against the freedom of France"; Mr. L. Clarke Davis talks about "Actors Old and New"; A Thorn in His Side" is a cleverish little story of mystification, by Mr. Edgar Fawcett; there are some "Casual Cogitations" by "Carl Benson," and much other matter. We commend Mr. Davis's gossip about the actors to the admirers of Miss Neilson. It is rapturous about this lady's beauty, justly and discriminatively severe upon her Juliet, rhapsodical abouther Rosalind, and generally a mixture of what seems to us highly extravagant praise with a dash of censure here and there as welcome as unusual. Whoever would learn something about the fanatical painter Wiertz may find in the April Harper's a brief account of him, fanatically laudatory ; and the same magazine has an excellent article which will be of use to intending visitors at the Exhibition in Vienna, and which is very good reading for anybody. Both are illustrated. "The Present and Future of Japan" is another readable article, and the most intelligible account of the singular changes going on in that country that we have anywhere seen in the same compass. Scribner's Monthly has an estimate of Landor by Mr. E. C. Stedman, who does magazine justice to his great subject, whom he appears to understand well and admire much. Something about Gavarni is by Mr. Albert Rhodes, who cannot be praised for having done justice to his very good subject; indeed, he may be said to have done little more than taken the gloss off it, and it begins to be time to say thus much of this industrious writer, who would write no worse if he expended more pains and thought on a number of subjects considerably less. Burton, Speke, Grant, and Sir Samuel Baker are treated of in a rather slight illustrated paper, entitled "Four Great African Travellers," which is written by Mr. Henry M. Stanley. "Susan Coolidge" gives some practical advice to persons who meditate a trip to California. Go, she says, by all means; and visit the Yo Semite whether you are afraid of that part of the trip or not, for you will be thankful ever after that you did not miss the miraculous valley; take seven hundred dollars if you intend to be away two months; take a lunch-basket with some small trifles in it, for though the railway meals are wonderfully good (all things considered), yet they are but little diversified; by all means secure a place in a Pullman car; wear old and easy boots; take two linen dusters; if you are a lady, tie your head up in a veil, for the dust is something fearful, and in two days one comes to hate one's self by reason of the all-penetrating dirt. So the writer goes on, giving very specific counsel. The various departments at the end of the magazine are filled very full, and the body of the magazine contains several stories and sketches that will be found acceptable, the one most valuable perhaps being the sketch of the progress of the Cuban insurrection. Folks who begin to long to "go" on pilgrimages should or should not read the May Lippincott's, according as the partial or churlish fates have granted or ordained the power of indulging the wishes of the heart. A capital description of fly-fishing for salmon in the chill pellucid waters of a far northern tributary of the Saguenay will make the reader think with grief and woe of the fervors of Chestnut Street and Broadway, and the odors, unlike those of hemlock boughs and hackmatack, which haunt the July gutters in Philadelphia and New York. Very taking, too, and enticing to the free foot, is the scenery of Mr. Black's Thule, framing the figure of its princess; and not less delightful is the picture which Miss Margaret Howitt so pleasantly draws of the house in which she spent a summer in the Tyrol. We say nothing of the poetry in this number of the Philadelphia magazine, though we have seen worse as well as better, but of the prose articles there is none that is not worth reading. A list of them includes a third chapter of The Roumi in Kabylia"; an account of the proposed Zoological Garden in Fairmount Park, which will be a very fine affair indeed, and to which we hope the attention of our own Park Commissioners is directed; an examination into the private fortune of Queen Victoria; two chapters of Mrs. Harding Davis's "Berrytown"; another paper on Wilmington and its Industries, which makes us acquainted with a really most interesting old-fashioned town; a good little love-story, with well-devised properties and scenery; and a sketch of American cricketing which American cricketers will enjoy. Lars: A Pastoral of Norway. By Bayard Taylor. (Boston: James R. Osgood & Co. 1873.)-On several occasions Mr. Taylor has made mauifest his affection for the Society of Friends and his high estimate of the value of their peculiar tenets, and still more of the value of their peculiar practice of these tenets in conducing to righteousness of life and holiness and peacefulness of spirit. His latest poem is another proof of this high estimate of his, and perhaps the best exemplification of it that he has given. Appropriately, then, this being so, he has dedicated this work to Mr. Whittier, now his friend, as formerly his encouraging adviser and his instructor in the Inner Light: "However Life the stream may stain, From thy pure fountain drank my youth The simple creed, the faith humane In Good, that never can be slain, The prayer for inward Light, the search for outward Truth." The story of the Pastoral of Norway' is that of a very Norse and Berserker "pastoral" indeed. Lars, a herdsman, woodman, and hunter, and Per, a sailor and fisherman, are in love with the same maiden, Brita, who can hardly tell which one of the two handsome youths she likes the better, even if she likes either. We are introduced to her, the centre of a pretty picture, on a Sunday morning, when she is represented as chafing a little under the raillery of her young companions, and resenting the notion that soon she must choose between Per and Lars. Her feeling is partly coyness, and partly an uncertainty as to what her choice would be in case maidenly modesty allowed her to choose at all, and it is a more natural feeling, we should suppose, while her young companions are teasing her, than after both her suitors have separately and unmistakably offered themselves for her acceptance. However, these are deep matters. After church, Per demands the privilege of taking her home to Ulvik across the ford in his boat, Lars at the same time desiring to be her escort by land over the mountain road. Per, readier of speech, secures the prize; but, not to commit herself too far, Brita adroitly makes his invitation include all the other girls and young men of the party, and Per is obliged to be content with thus much of her company. This preliminary part of her dubiety Mr. Taylor manages with grace and eleverness. However, the same semi-coquettishness or uncertainty Brita shows a week or so later at the wedding-feast of Anders and Ragnil; and, as each of her lovers claims from her an amount of dancing incompatible with the gratification of the other, and each utters some hotheaded threats, there is evidently bloodshed in store: "The folk of Ulvik knew, from many a tale When they next meet, months afterward, at the dance which follows the great wrestling match at the close of harvest-tide, both the young men are exacting and wrathful, and as Brita still thinks she does not know her own mind, the question is fought out after the following fashion: "No need!' said Lars. 'I choose for you,' said Per. Is clasped between the breast-bone and the hip. I ars did the same; then, setting tight the belts, So near the beauty terrible of Death. All saw the mutual sign, and understood: "When those two backward stepped, all saw the flash Of knives, the lift of arms, the instant clench Ofhands that held and hands that strove to strike: All heard the sound of nek and hard-drawn breath, And Panght beside; but udden red ppeared, Splashed on the white of shoulders and of arms. Then, thighs intwined, and a'i the body's force Called to the mixed resistance and assault, They reeled and swayed, let go the guarding clutch, Brita, it will be observed, discovered, just as it was too late, that it was the man destined to be killed whom she really liked; Lars, then, has little to do but take himself out of the country, and this he does. He crosses the Atlantic as his mother's grandsire, Lief, the trooper, had done long before him, "To those new lands the great Gustavus claimed," and wanders on through Delaware into Pennsylvania, neither knowing much nor caring much whither he goes, until one day at sunset he asks for a night's lodging at the house of a certain Quaker farmer, Ezra Mendenhall. To the Quaker's daughter, the gracious and saintly Ruth, whose favor he had won by speaking kindly to the cows as they came home, Lars is in good part indebted for an invitation to abide with the farmer for a time and work for him; this he does for months, feeling deeply the peace of the place, and being half unconsciously in love with Ruth, who, by the way, teaches him English, and is rather more than half consciously in love with him. We may pass lightly over the episode of the bad young Friend, Abner by name, who had designed Ruth for himself, and who malignly harasses Lars, till Lars one day rises upon him, and would have slain him had Abner not fled; his pursuer accidentally knocking down Friend Ezra, who happens to be in the way, and who is much aghast at this revelation of the man of blood still resident in his quiet hireling. It is an episode which answers well enough its purpose of paving the way for Lars's full confession of his Norwegian crime. Confession leads to contrition and subsequent piety, and in due course Lars becomes Friend Thurston and the husband of Ruth. By-and-by he feels it borne in upon him that he must return home and preach peace to his wild kinsmen and countrymen, and this he does; one of the most striking scenes of the poem being that in which Lars is challenged to the combat by Per's brother, and, although stripped and grappled to him with the belt-hooks as before he was grappled to Per, disarms him by his looks and words of brotherly love. The poem is pleasing, with several pretty pictures, much good teaching and good feeling, and some characters in whose reality the reader will be glad to believe. Brita is perhaps the most poetically interesting figure, and the one for which the poem is best worth having. Her grandmother, too, is gracefully brought in, and the management of the brooch, if somewhat violent and needless at the last, is not more so than that of plenty of other "virtuous rings" and brooches which have been used in works of the imagination, while, at first, it is siguificant and of imaginative value. But, as we say, the poem is all agreeable reading, though none of it is especially fascinating, and though there may be a general suspicion of drabness—in several of the various literary forms of that non-poetical quality-some time before Lars endues himself with the sober-colored garments. Memoir of Samuel Joseph May. (Boston: Roberts Bros. 1873.)—All biographies are good for suggestion, some few for example; this one is eminently of the latter class. No one can read it without paying homage to the rare spiritual nature of the subject of it, the late lamented Rev. S. J. May, of Syracuse. Theological or political differences will not stand in the way of this recognition of a spirit so genial, so tender, so full of loving-kindness, so true, so steadfast, so courageous. In reviewing his character from any point of view, one can hardly forbear conceding to him his own admission to Mr. Garrison after hearing him for the first time on the subject of slavery: "I am not sure that I can endorse all you have said this evening. Much of it requires careful consideration. But I am prepared to embrace you." The present volume consists of Mr. May's autobiography down to the year 1829; of supplementary extracts from his 'Recollections of Our Anti-slavery Conflict' and from his diary and correspondence; and of reminiscences concerning him contributed by a number of his intimate friends. Mr. May's life-work falls naturally under three heads: the pulpit, the school-room, and the organized movement for the abolition of slavery. He was, it is well known, a Unitarian clergyman, a disciple of Channing, with all of Chan ning's "sweetness and light" and with much more than Channing's independence and breadth of view, even if his inferior in native intellect. ministrations began in Brooklyn, Connecticut, nearly fifty years ago, when he was the only Unitarian minister in all the State; they were afterwards transferred to South Scituate, Mass., and finally to Syracuse, N. Y., where at the age of seventy he deliberately retired from the pulpit, having arbitrarily fixed the term of his usefulness as a preacher. In this and in his pastoral His capacity, it is sufficient to say of him that he had few superiors, winning the affection of his congregation and the gratitude not only of his parishioners but of every community in which he lived. His liberality was truly catholic. He admitted ministers of all denominations to his pulpit, and he could when required so far disregard forms as to admit “a good man and his wife to the church at the same time, by immersing him in the river and by sprinkling her ou the bank." His practical sense, it ought to be remarked, was proof against the temptations of the pulpit to indulge in merely rhetorical and abstract denunciations of vice. Of this there is very good evidence in his method of dealing with intemperance in Brooklyn (pp. 107109). Not only as the temporary principal of the State Normal School at Lexington, Mass., but in other ways, Mr. May was an efficient co-laborer with Horace Mann; and the deep interest which he took in the public schools of Syracuse was acknowledged by naming one of them after him and by making him President of the Board of Education. To his influence was largely due the abolition of corporal punishment in the city's schools. He also had something to do with instituting the lyceum system, the original design of which, it is well to remember, "was to popularize the knowledge of natural history and of the physical sciences." It was while engaged in lecturing on natural philosophy in Brooklyn that he took a characteristic revenge on one of his parishioners who had jockeyed him in a horse bargain. Whenever he noticed this man in his audience, Mr. May would remark “parenthetically, on using the term 'horse-power,' 'I do not mean my horse, for you all know he has no power.'" Probably he would have extended to horse-dealers his opinion "that lawyers, doctors, merchants, and journalists ought to be solemnly ordained at the beginning of their professional career." Of Mr. May's anti-slavery services we have spoken on a former occasion, and do not need to enlarge upon them again. Among his personal characteristics, his manners have a just weight assigned them. They were truly "of exceeding grace and dignity. . . . He was emphatically wellbred." That his good-breeding, like his humanity and his high courage, were inherited will appear on a slight examination of his pedigree as given on the first four pages of these 'Memoirs,' and in the January and February numbers of the Register of the New England Historic, Genealogical Society. Dupuy (Miss E. A.), All for Love.. (New York) .(T. B. Peterson & Bros.) 175 ..(J. P. Mendum) (Orange Judd & Co.) Dupuis (F.), The Origin of All Religious Worship, swd. (J. B. Lippincott & Co.) 3 00 (A. K. Loring) 0 50 ..(J. B. Ford & Co.) (New York) ..(D. Appleton & Co. (Harper & Bro. .(Dick & Fitzgerald) 0 75 (Roberts Bros.) 1 00 (Nelson & Phillips) (Shepard & Gill) 0 35 (L. W. Schmidt) Hugo (V.), The Hunchback of Notre Dame, swd .(G. P. Putnam's Sons) 100 (Macmillan & Co.) 12 00 . (Scribner, Welford & Armstrong) 5.00 (Macmillan & Co.) 3 00 (Sheldon & Co.) 1 50 Nadal (Rev. B. H.), The New Life Dawning, and other Discourses... Naremore (G.), Queen Loo, and other Poems.. "Ouid," Pascarel: a Tale. Oxley: A Tale. (Nelson & Philips) .(J. B. Lippincott & Co.) (J. B. Lippincott & Co.) (Scribner, Armstrong & Co.) Picton (J. A.), The Mystery of Matter, and other Essays.. Proctor (R. A), Half-hours with the Telescope. .(Macmillan & Co.) 3 50 .(Geo. Routledge & Sons) (G. P. Putnam's Sons) 1 00 (J. R. Osgood & Co.) 1 00 Proceedings at the Farewell Banquet to Prof. Tyndall, swd.. (D. Appleton & Co.) Rawlinson (Prof. G.), Sixth Great Oriental Monarchy... (Scribner, Welford & Armstrong) 6 00 Robinson (F. W.), Little Kate Kirby, swd. . (Harper & Brother-) 0 75 (J. B. Lippincott & Co.) (D. Van Nostrand) (Dodd & Mod) 150 (Hurd & Houghton) 200 LIBERTY, EQUALITY, FRATER nity. By James Fitzjames Stephen, N.C. "One of the most valuable contributions to political philosophy which have been published in recent times." -London Saturday Review. "One of the most thorough overhaulings of the moral, religious, and political bases of society which they have recently received. . . Everybody who wants to see all the recent attempts to set things right analyzed by a master-hand, and in English which stirs the blood, will have a great treat in reading him."-Nation. Librarians, who may not have access to a trustworthy guide in forming the true estimate of literary productions, will find this Catalogue especially valuable for reference. The Catalogue is arranged alphabetically by the authors' names, anonymous works by their titles. The index is arranged by the titles of the books, besides having numerous appropriate heads, each general head being followed by the titles of all works on that subject. Harper's Catalogue sent by mail on receipt of six cents. Address HARPER & BROTHERS, Franklin Square, New York. Profusely Illustrated with Steel Engravings, from Drawings by H. K. Browne, Cruikshank, and other Distinguished Artists. In monthly volumes, large 8vo, carefully printed in large type on superfine paper, and bound in extra cloth, $3 each. Messrs. J. B. Lippincott & Co. have pleasure in announcing that they have concluded arrangements with the owners of the copyright and the English publishers for the issue, in the United States, of a Standard Library Edition of the writings of the late Mr. Charles Dickens. The design of the publishers is to make this edition the finest and most complete that has ever been issued. As they have at their command the papers of Mr. Dickens, and as they will, in the production of the Illustrations, be assisted by nearly all the artists and engravers originally employed in the embellishment of Mr. Dickens's works, their ability to accomplish the object which they have in view is fully assured. Now Ready. Education; Fields's Masters of the Situation; Phillips's PICKWICK PAPERS. Two volumes, Lost Arts; Bellows's Is There a God? Mark Twain's Sandwich Island Letters. LECTURE EXTRA, No. 3, Illustrated-Prof. Wilder's Brain and Mind; Prof. Barker's Chemical Discoveries of the Spectroscope; Prof. Young's Astronomical Conquests; Prof. Young's Present Knowledge of the Sun. LECTURE EXTRA, No. 4- Six Shakespearean Studies, by John Weiss; Seven Art Studies; National Academy Course; Parton's Pilgrim Fathers as Men of Business; Bret Harte's Argonauts of '49.. LECTURE EXTRA, No. 5, Illustrated-Three Lectures by Prof. Louis Elsberg, on Sound and Hearing, Voice and Speech, and The Explanation of Musical Harmony; Prof. Benj. Silliman's Deep Placer Mining in California; Dr. R. W. Raymond on the Seven Senses; Parke Godwin on True and False Science; Prof. E. L. Youmans on the Limits of Science. LECTURE EXTRA, No. 6-Beecher's Seven Lectures for Ministers: Thoughts for Ministers-Thoughts upon Prayer-Prayer-Meeting As It Is The Ideal Prayer-Meeting-Music in Churches-Society in the Church-The Fingers of the Church. LECTURE EXTRA, No. 7-Beecher's Concluding Lectures: Revivals in the Church-Religious Awakenings-Thoughts on Revivals-A Religious Experience. Also, "The Moravian Church," by De Schweinitz; "Creed Statements," by Thomas Starr King; "The Death Menace," by Bovce; and a "History of Sectarian Appropriations." EXTRA-Crédit Mobilier-Evidence and 'Reports. With the Tribune Almanac, all by mail for 50 "This is in substance a memorial biography of the two brothers Augustus and Julius Hare, the most brotherly of brothers,' as Landor called them, the authors of the well-known Guesses at Truth,' and the intimate personal friends of Dr. Arnold, Baron Bunsen, Bishop Heber, Grote, Landor, Dean Stanley, and a host of literary celebrities, living or deceased. It is a fascinating and vivid picture of family life in its sweetest and best aspects, everywhere enriched with a cabinet of excellent portraits, with illustrative extracts from letters, diaries, and sermons, abounding in anecdote, in shrewd saws, and out-of-the-way information." GEORGE ROUTLEDGE & SONS, London and New York. STRAW TRAWBERRIES THAT DID NOT See Play and Profit in My Garden.' Just published by DODD & MEAD, and for sale by all Booksellers. Price $150. See Play and Profit in My Garden.' Just published by DODD & MEAD, and for sale by all Booksellers. Price $150. MACMILLAN NEW BOOKS. The New Poem. & CO.'S LIFE AND CORRESPONDence of James D. Forbes, late Principal of the University of St. Andrews. By J. C. Shairp, LL.D., Principal of the University of St. Andrews; P. G. Tait, M.A., Professor of Natural Philosophy in the University of Edinburgh; and A. Adams Reilly, Barrister-atLaw. With Portraits, Maps, and Illustrations. 8vo, $6.50. STUDIES IN THE HISTORY OF the Renaissance. By Walter H. Pater, M.A., Fellow of Brazenose College, Oxford. Large crown 8vo, cloth, $2 50. "The wealth of artistic lore and the singular beauty of its style make this one of the most attractive books of the present season. It is not less rich in the fruits of antiquarian research than in the philosophical analysis of æsthetic principles."-New York Tribune. MACMILLAN & CO., 38 Bleecker Street, New York. HE PASSIONS IN THEIR RElations to Health and Disease. Translated from the French of Dr. X. Bourgeois, Laureate of the Academy of Medicine, Paris, etc. By Howard F. Damon, A. M., M.D. 16mo, cloth, $1 25. AUTHOR'S PREFACE. The book addresses itself not only to physicians, but also to persons who are charged with the education and direction of men, to ministers of religion, to the heads of families; it is equally proper for married people and for young people. All have need of being enlightened upon the physical ills engendered by love and liberti:ism. But the subject is a delicate one to treat; so we have imposed upon ourselves the obligation of having always present in our mind this maxim of Aristotle : "To say what should be said, to only say what should be said, and to say it as it should be said." JAMES CAMPBELL, Publisher, Boston, Mass. ΠΕ THE WEEK IN TRADE AND FINANCE. MAY 5, 1873. THE past week has been one of interest in Wall Street. The failure at the close of the week preceding of the Atlantic National Bank was the precursor of all sorts of wild rumors affecting the stability of both national banks and private houses. At one time these had such effect as to cause the rejection by some parties of checks on the Continental National Bank; and it was currently asserted that both this bank and the Manufacturers' and Merchants' National Bank were in difficulties. A prompt investigation, made by Mr. Tappan of the Gallatin National Bank and the Clearing-House Committee, showed these rumors to be utterly groundless, and that the Continental particularly was in a condition to pay off all liabilities at a moment's notice. These favorable reports having allayed the excitement as to the banks, the next sensation was the failure for a large amount of an old and highly respected Stock Exchange firm, followed, as usual, by anticipations of further failures and a renewed stringency in money; whilst, in order to depress stocks and cause a panic, the expedient was even adopted of telegraphing to distant cities hints of large failures here, provoking of course immediate responsive enquiries; and to add to the gloomy feeling came the news that the Comptroller of the Currency had directed the receiver of the "Eighth National" to compel payment from the unfortunate shareholders of an assessment of 54 per cent. The Bank of England rates remain unchanged. The money market here has been active. The improvement noted last week was not progressive, owing to the calling in of a large amount of loans-some $1,500,000-by the Broadway National Bank, for the purpose of meeting the payment of maturing bonds and of interest on the city debt. Simultaneously with this contraction, the inevitable Tenth National reappeared above the speculative horizon-a creditor at the Clearing-House to the extent of $2,000,000. It would be a curious fact, though the suggestion might be resented by the bank officials, if this "lock-up" had any connection with the "bear raid" on the stock market. Commercial paper is quoted nominally at 10 to 12, but there is little if anything doing in it, and what there is is only with prime names. The rates on call loans during the early part of the week ranged from 7 per cent. to, and interest. On Thursday the rate advanced to 14 per diem, and the money market continued stringent up to nearly the close of Saturday, when a pressure to lend revealed an unexpectedly large supply, and the rates, which at the highest of the day had been 25 per cent. per annum, fell to 5 per cent. The Express Companies report continued large receipts of currency from the interior. The "extra greenbacks" have been contracted, and now amount to an even $1,000,000. The bank statement is favorable, and indicates a much better and more satisfactory state of things approaching, provided artificial means are not used for evil purposes. The total gain in bank reserves is not only enough to take the reserves across the line, but to make $2,720,425 of surplus against a previous deficiency of $309,275; aud the gain in specie and legal tenders is $5,049,200, whilst the banks have been encouraged to enlarge their loans about $1,500,000. The statement, compared with that of the previous week, is as follows: ing broadcast rumors of impending disasters, so that it is not surprising tha on Saturday the campaign culminated in a general giving way on the stock list. The retreat was led by that veteran Dick Swiveller, Pacific Mail, which from an opening quotation of 554 sold rapidly down to 494. The immediate excuse for this drop was a reported intention on the part of the shareholders of the Howe Sewing-Machine Company to test the integrity of a mortgage, which it will be remembered was executed by its president, Stockwell, on its property at Bridgeport, to secure certain indebtedness of his to the Pacific Mail S. S. Co. This mortgage is held as collateral security for the payment of $1,140,000, a small part of which has already been paid, and the principal point of interest to the "Street" is whether another part, in a note for $100,000, falling due May 1, was or was not paid. To the general public the interest is altogether of another kind, and embraces solely the question, by what authority does a corporation like the Pacific Mail S. S. Co., stepping outside of the functions for the performance of which it was given by the people a legal existence and privileges, presume to become an owner, speculator, or trader in the securities of other corporations, such for instance as Panama, out of a transaction in which grew its present entanglement with sewing-machines? One would reasonably suppose that a company which has not shown discretion enough to manage its own affairs, which, although endowed with a munificent subsidy on the plea of being an American enterprise, is continually falling back on English steamships or machinery (the engines for its new ships are being made abroad), and always in misery of some kind, might cease to concern itself with outside subjects. Great efforts have been made to depress Western Union, but without much effect. Few panic-makers like to stultify themselves by attributing embarrassment to Vanderbilt, and as he is reputed just now to be behind this stock, stories detrimental to it fall comparatively lifeless. The investment stocks have remained steady, differing at the close of the week but little from the prices of the preceding week. The following shows the highest and lowest sales of the leading stocks at the Stock Exchange for the week ending May 3, 1973: 85 87 [102] 100% 101 107 103 107 108 109 108 107 Mil. & St. Paul. 57% 59% 56% 5% 57% 58% 57 Do. prd. 73 72% Wabash.. 694 70 68% 69% 69% 69% 69% D. L. & Western.. 99% 100% 99% 100% 101% 100 102 B. H. & Erie... 81 3 8 S 3146 O. & M... 8514 80 86 200 600 1024 102 200 108 107% 108 107 108 57% 56% 57 27.900 55% 57 $3,800 .... 7214 73 70 69 69 101 3 3% 3 3% 102 101 C. C. & I. C... W. U. Tel. Pacific Mail.. 43% 44 42% 48% 49% 43% 424 43% 42% 43% 41 37 38% 35% 37% 87% 37% 36% 37 84% 36% 32% 35% The lower price of gold has had little effect on Government bonds, owing to their scarcity in market and a continued demand from domestic and foreign buyers. The Treasury during May will purchase $1,000,000 5-20s, $500,000 each on the 7th and 21st instant. Business in State bonds has been small and entirely speculative. The Charleston Courier publishes the following explanation of proceedings brought in the State courts by Messrs. Morton, Bliss & Co. to compel the Comptroller-General to levy a tax for the interest payment on South Carclina bonds: "A well-known banking-house has begun proceedings in the State courts to compel the Comptroller-General to levy a tax for the payment of the interest upon certain bonds of the State held by the firm. The interest is loug in arrear, and the platform of the Radicals requires them to suspend the payment of interest upon any part of the public debt which is of doubtful validity. Nothing was said as to the unquestionably valid debt. Good and bad shared the same fate. The $6,000,000 or $7,000,000 of new bonds carried down with them the $9,000,000 which consisted of the old debt and of the bonds issued in absorption of liabilities outstanding when the war closed. That is the position to-day. The holders of securities whose genuineness has never been disputed are no better off than the holders of bonds for which the State received little if any consideration. The Comptroller has taken the proper course in refusing to levy a tax until the courts have determined that he has the requisite authority, and have determined, furthermore, what classes of bonds are legal and binding upon the people." The gold market has been irregular; the opening and lowest price of Saturday was 1165g, highest 117, and closing 11634. The total customs for the week were $2,114,000; total interest payments, $4,643,800; and total bond redemptions, $14,200. The steamer Celtic took out silver bars and Mexican silver $207,000, and the City of Paris $19,000. The whole specie shipment for the week was $401,318 16, ouly $7,000 of which was American gold against which $500,000 specie has been received from abroad by the Scotia. |