officers of Government and the. editorial fra
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correspondent says about the abuses which may be practlsed through the magnetic teIe- graph, but, t seems to me, he has not sur Veyed the whole ground He presents one side ol the picture-let us look at the oth- CT.

 Admit all he says about the advantages to be gained in the markets by obtaining the prior Use of the telegraph, and it is not sus- ceptlbe of so effective all abuse as the mails The mails pass but once day, the telegraph works all day. Che is daily mail, the other an ali-day mail The speculator who IS fortunate enough to be the only man who has the news when the mail goes ont, gains the advantage Of whole day, as no other mail goes fer 24 hours, by which his opera ] tons can De checked, though his news may become public in five minutes after 1t has started. Bui, as the telegraph works all day his exclusive news will scarcely be in the possession of his operators half all honr be- fore another lightning messenger comes along and makes t known to others, and la few hours to the whole public

 haze heaad of mall-carfers being hired to fail with the mail, that spectators n gtll take advantage of the markes; and i: may happen that some of the managers of the telegraph will be corrupted; but b produce l the same results, the mai-carGief has to act eeffaptly but oacea day, while the telegraph manager must act corupty all day.

 Ne have, during the last spring and sum- mer, heard of visual teeqfaphs. and tiye sig nals, nsed by speealators between \. ' ork, Philadelphia, and Baltimore and: though Il is not generally known, t is nevertheless 2 fact, that carrier pigeons have been trained and employed torsuch purposes ia lhis coun- try for the last five or six ye3ra. The 2 means of speculation will ho annihilated hy the telegraph. They are 8 standing abuse not mitigatea by any eonnteracting Use which honest men can make of them.

 If the telegraph had heen in operation when the Great Britain recently reached our shores, of liaIe avail would have been the operations of the speaIators who left her among thc breakers; although they might have started twelve hours before the news became public, t would have datted hy them on the magic wires to the principal grain markets, and left them f4e behind.

 l have heard Mr. Kendall say, that his al. vice to all the telegraph companies Hill be, that oa tae arri4a of every steamer they shall instantly send the. foreign prices of cotton, flour, and ether staple articles with- out charge, 10 every saIion in the Union, where fha people lave any interest in the sahIeet and there ta be stuck up on a bulle- tn, for the information of those concerned. l to not tHiak tie Iagmefs oi Ohio or New York woultI be inclined Io break wires which Waald lhas guard lAein against the WIes ol specalalors.

 The real enemies of these wires will be. not the la5laess or honest men of any class, but specuia,ors, thieves, murdesefs, and resae5 of all sorts. #ta. chance will there be for fugitive to escape, when desefp- tion of hn can he sent over tde whole t. Hian ia h#If aa hous2 Who will dare to offer forged draft, when tine drawer, tho thousand miles of, may he inquired of in five minutes whetbef | he genuine:

 FaoHga tire telegraph ulay he sometimes abused, it's geaeal ten lmey haze no daubt w.ll ba to prevent abuse aid chacG cine l. eaa. and viii, repair iajnries done through iis in slrameanlity, quicker than any other agent of society. And what facilities and comforts il i7 capable of furnishing

 ak ny caagesPogaenl ia New 0aleans what is tae Siale of the cotton market this = -nanInil1.r- l. r1niiez.- 1irecl hlm tn lar- haze lIe does so, and informs me; and all tis ia a single daY! The traveller speaks 10 his family every day, lbouqh distant a hundred or q lhousaad miles. Are they sick: Etc is told to lla len home. ls lie taken sick among sirangeEs2 lis wife is told to ilastsn to his relief Thoagh living in New oflt, and being ia New Orleans, he may procure q prescription from his family Physieiaa.- To merchants t will save half the time HOW lost in procuring articles from distant mar ket Ii will enable dealers with small cap!. lal 10 turn t over more rapidly. \ booksel- Ter in New o9k Is applied to in the nor ming for book which can only be had in Philadelphia. lie tells his Philadelphia cor respondent, through the telegraph, to send 1t by the next train of railroad cars, and has it for delivery before night The country merchant wants supply of some particular article He orders il by telegraph, and gets it by express in half the time now occupied. Bankers and brokers d thousand miles apart may adjust their balances every evening" No doubtful draft or check need ever be cashed, without in nluirng through the tele- graph whether it be good or not. \ man without money, and in strange place, may obtain credit and money by references, to be instantly applied to through the telegraph

 To government t will be aa inv v,laable auxiliary in giving promptitulde and etfielen- cy to the army and navy. But have no lime for detail. Congress may have 1t Il they will; if they will nol, the S;aies, by pa- nal legislation, must guard against its abuses, though l have no douht the chief dangers apprehended are imaginary. This country and the world 'cW hare this great auxiliary; [ and all thought should be given to make il most useful and safe. k

 At a meeting of the stockholders ol the Magnetic Telegraph Company, Amos Ken dall was appointed President. Tine follow ing rates of charge was agreed to:

 For the transmission, writing out, ant delivery of every communication, not cX- ceeding ten words, every figure Icing conn. led word, exclusive Of the signature and address. and the directions of the writer as to the disposition of the communication:

 50 miles and under, 10 cents

 Over 50 and over 100 miles, % '.

 From N York to Philadelphia, D From Philadelphia to N. I ofk, 9 :.

 