The Express. — London, England, 1857-03-13 00:00:00

TES DAILY NEWS : LONDON MORNING IL. pl. ma...al 4L. Amy.' Ild. =lbliM &wool. Oa ••••Nie d *ft amossi milt Vauo . la lED MOM MI babas et Ns isaml r'•; lbs sow et No r• ta!, vestal g i szeamils sol . ll .46 marsisi Whet= 1 m rt7llo GI DI "MIAMI AND nirAwruz. As vim. SIN lean bus Is mild M • It # 0 111011. .1.,12.4 1 1 a 0 11l ADVINTIIIINIMS BID bi ... sar . 111 . 12Llir T i s iinl rliba=gtolt • =Mr a ...N .— rm. a ow beelnlior se Mme. la Ihe Itaaima ; et ii e lk be I. , beeimbas lbs paw by amine mist. babie. Se %S. ea eisikalbs lis Aare cl ens MIMS nabs le ~y Yal Its 01. K ra Y la senate bg Frier ado. WILT NEWS Z FORWARDE D UNT. to th. COUR- Al 'Mb. IMMO lflajtA r buo= =. T i oa=J On ADOI. Wpm THE PUBLIC and the TRADE are reminded 11 slat they ana be RV PPLICD ethsM EVIINIXO ZIPIUM al hall.pra k at J. 0111:04)1111r11111•1••• Ilamairm aid ANY! Mr 11. Mamie Kiwi, Prurtalnet. Farman& RHILT NEWS LENT TO READ, from 8 iike t t. ll, to ions ;ow:vie THE RILPREEB.—The PUBLIC and TRADE eV V % wiry ellmose. 41 4 attei 4, bal. Br 1 93 MAD rid frit Mita by le the nembisiL HE EXPRESS.—The PUBLIC and TRADE RIPPLII.I) err afteneetete. tby W. ItTIPHILN. tte4 " 1111t1IITIIIWIttt WSo SD I b ' l", Neiraies. ett Oxpreoo. Mholllsoirate la;a'eaTor -- .Tl;ll;prees. --- ^7;:e . aa Nimbi gaper. nut tt the 00w, 10, Ikaverls.surt, too o'Qo lt se Jo • paldlentioa. RA AAAAA WT. IWrna b t ...4O. OIIIIW7AOST M ... % Maw 11%. Itsi m Va . irarb 76-AZAD TM FIST WILLI GA M. -WI WI lAMIWITTIDLYA-Onsarse at T. 1 , 111101111/11. Trio trims. A WIDdUYM EA NIGHTII DUAL 0011 tr. The Ilan of Adder Wu O. lwasnA—Doen ipso K Wirt LTOZOIL Taw remnio, NINO, NUN. sad Mn. C. DMA—CONRAD AND NADON. 4. bifaces. Tad*. Aunts. sad Callao; Abu \recipe —AM MY FRIEND IDOX 1./LATANANZAD. MA Teals— Dues OM at laisesl o. Taw rump% PRATO AND ITd VICTIMS. Mow. Smut* Pbsphsrd. Mrs. antalet.—Tllll lINSIODS YOUTH. Moms Wlddlessb Magnin; Mrs. Brooka—Aad LIM ASTUTE/ ; a hardersitr et I. Ulm, Mr. Stsdr.—Opmst HIGII WATER AT LONDON BRIDGE. lin DA,- Maniac Altana" 416 On. timemagr—llassirbg. 01. 13m Albino% Y. I. LONDON, FRIDAY, MARCH 13. TO OUR Si IN consequence of the absorption of space by the reports of proceedings in Parliament, the Proprietors have determined to issue a DOUBLE NUMBER ea SATURDAYS, so u to prevent the postpone ment of interesting matter. No change will take place in t►e price. The FIFTH DOUBLE NUMBER of the EXPRESS will appear TO MORROW, March 14. Out columns have reported a post modes; swami nation on the miserable remains of that which is best characterised in the language of Lord Justice Ktuoirr BRUCE as "the thing ironically called the' Royal Bri tish Bank.' " The results of this very painstaking but somewhat tedious piece of morbid anatomy, dis closed nothing with which the public are not already familiar. Without wishing to call in ques tion the skill of the demonstrator, we must simply record our opinion that the demonstration has added little to our prey ions knowledge of this colossal fraud. The victim selected for the scalpel was Mr. ESDAILE, the late Governor of the "nefariously conducted scheme," and the admissions extorted from him under the torture of a searching erowexamina tion were somewhat as follows. The " thing " appears to have commenced, as it was conducted, in fraud. Its first fraud was on the Board of Trade. Under the provisions of the Joint- Stock Banks Act, 60,0001. was required to be actually paid up in cash before a Charter of Incorporation could be procured. The Directors certified that this bad been done, when, in fact, the amount so paid up was under 43,0001. How the residue was made up may be judged of from the fact that Mr. Cumaost's promissory note for 4,3001. was set down es a cash deposit in respect of his 88 shares. The next fraud seems to have been, that even of the cash de posited a considerable portion was money merely borrowed for the purpose of complying with the act of parliament, under an understanding that it should be repaid by the Directors immediately such purpose was served. The result of the utmost pressure that could be applied to Mr. ESDATLS on this score was, that " his mind was in a blank state with regard to his belief as to the matter of fact of such a loan haling been made." Now ssi ricordo is a safe re fuge far a badgered witness. Men of business will be at no loss to fill up this convenient blank in Mr. ESDAILE'S recollection. To another little piece of private barium* Mr. ESDAILE contemn without any great amount of circumlocution. One of the first acts of the Directors after the Company began working was to divide little cum of 1,1001. among themselves, as a reward for their preliminary exertions in setting the con cern on foot. Of this amount, 5001. went to Mr. WOREGOR, late of Glasgow, now of Boalogne, for his eminent services in organising the scheme; the residue to his brother Directors. Mr. ESDAILZ admit, that on the death . of Mr. MuLtess, the solicitor to the bank, in 18.53, it was discovered that he was indebted to the concern 13,0001.; he admits that after he became governor, In February, 1855, he found that the debts of CAMERON, the manager, were no less than 15,0001.; and he admits that, with this knowledge, he himself—Mr. &fume the governor—allowed CA MERON to continue in the management until the final catastrophe, when his liabilities had risen to little short of 19,000/ Ile admits, moreover, that a few months before ho became governor he got CAMERON, the manager, contrary to the plain rules of the charter of incorporation, to discount for him a promissory note for 5001., across the bank counter, for the purpose of taking up ten new sham, in order to double hie qualifi cation at the bank. "It did not suit me at the time," says Mr. DIMMER, " to devote 5001. from my own resources to the bank." And therefore secretly, and in known contravention of the charter of incorporation, this director gets the manager to advance 5001. of the bank funds for the purpose of emptying with a resolution requiring him as director to double his stake in the bank. Again, Mr. EADAILE had to admit that, although ho was perfectly well aware that by law the bank had no right whatever to advance one shilling on the security of its own shares, yet he, first as director, and then as governor, had sanctioned loans to Canntos to an enormous amount, for the great bulk of which so other security was held than Csmeitoxlii own shares in the bank— those shares, be it remembered, on which ha had originally never paid a farthing et cash, but merely deposited a promissory Kota As her ass CAMERON, indeed, was concerned, his transactions with " this thing ironically called the Royal British Bank," shortly amounted to this. In consideration of writing on a piece of stamped paper a promissory note for 4,3001., he had 86 shares allotted to him, and then, in consideration of having had those 86 shares allotted to him, he is enabled to run in debt to the bank, in other words, to help himself to cash out of the bank, to the tune of upwards of 19,0001. Mr. Governor EWA= indeed endeavoured to save him self from a charge of manifest violation of the law in reference to these transactions, by a subtlety worthy of Dors SCOTUS, or the Seraphic Doctor. He had not advanced CAMERON any money on the security of his shares—nothing of the sort ; no shares were deposited by CAMERON as any security fors distinct advance. The transaction was simply this—money was advanced to CAMERON ; CAMERON held shares in the bank; the bank was perfectly right in in sisting upon having the shares paid over to them. Finding the shares, the bank held the shares as pro perty. We hope our readersaro edified by the distinc tion—we trust they see clearly how such a transaction as this differs widely from the vulgar operation of making an advance on the security of shares. If they don't, Mr. FAD ILE does, and it is on the razor edge of this fine distinction that he "drives his coach and four" through the clauses of the Joint- Stock Banking Act. When the examination proceeded to the 120,0001. sank on Welsh mines, the astuteness of the late Go vernor became more demonstrative, and his powers of circumlocution were taxed to the utmost. Captain Hawksley, in the play, is scarcely more magnificently unintelligible when dilating on the prospects of the Inc:plot:ibis Oalronic Boat Company. It was, indeed, a point on which anything like straightforwardness would have been eminently inconvenient. Mr. EBDAILE was called upon to explain why it was that, when a loss of 120,0001. had been realised on these mines in June, 1868, the report of that date—made, be it remem bered, a month only before the ultimate crash—set down this 120,0001. among the available assets of the Company. The following is an edifying specimen of the art of fencing with disagreeable questions : Do I understand you now to say that you represented that which yon believed to be true when, in the amounts ending June, 1666, you stated the Welsh works to be a good most to the amount of 120,0001.1—we11, we did feel, and we were prepared to say, that the eventualities would be such ea to produce a lose to the bank upon that— I do not want to interfere with the exercise of all tho elo quence of your vocabulary, bet I want an answer—yes or no. Do I understand you to represent that you believed you were stating the truth when, in the accounts ending the 30th of Jana, 1864 you represented to the shareholders that the Welsh edam constituted an available amet of the value of 120,0001. ? It is a plain question, and let me have an answer —yin or no P—lt la not a question that I con give a plain an- Me to. We Duly have had, and meat have bad of mum, certain anxious feelings with regard to what the future would bring about as to that property, but we were not pre pared to say that there would be a lose before that has wee proved. I therefore cannot give you a yes or no sumer. I can only give you such en answer ea is resent to ray own mind. I must mak you, Mr. Eddie, upon the obllgatka of the oath you have taken, whether, on the 30th of June, 1866, you believed the Webb mines to be of the value of 120,0001. Do not hesitate so long.—l am obliged to hesitate, because et that time we were in confident hopes that we might make anangsments by which the property would bo redeemed, that thee, advances would be redeemed. To another disagreeable question, viz., whether in the balance-sheet submitted to the shareholders on the let of August, 11356, the directors did not repre sent the bank as solvent, knowing it to be other wise; the ex-governor is obliged to reply, after inli nite pressure, that the report was " certainly calcu lated to produce an erroneous impression"—that " it is impossible to say we were not then deficient"--that "I can't deny we were then in jeopardy;" in fact, that "we had nothing to rely on except the chance of redeeming the Welsh property and realising Mr. HUMPHREY BROWN'S securities." That surely is as near an approach as a man can reasonably be ex pected to make towards self-crimination. Whatever may be in store for this bank governor hereafter in the way of penal retribution under the sanctions of criminal justice, it cannot be said that he has escaped entirely after haying had to undergo the ordeal of a public exposure so damnatory as this. The Report of the Directors of the Great Northern, and all the magniloquent talk of these gentlemen at yesterday's meeting, 'stove one thing, and one only—the utter worthlessness of audits as they are generally conducted ; a point to which we have more than once directed attention. The mode in which Renetin perpetrated his frauds has been fully demonstrated in the course of his trial ; but the shareholders were naturally semen hat anxious to learn how it was that forgeries of such magnitude, exceeding 200,0001., and extending over a period of eight years, had remained undetected. Mr. Demme, indeed, attempted to shuffle out of the acknowledgment of this truth by seeking to make a eeape.geat of Mr. CLARK. This shabby subterfuge can delude nobody. Mr. CLARK, it appears, was appointed registrar in 1846, but as he was unacquainted with either registration or book-keeping, REDRAW! was engaged as a clerk in his office, on the ground of his familiarity with those two essentials. Mr. CLARK was the nominal registrar ; but other business was given him to do, and the business of registration de volved upon REDRAW!. A director of the Great Northern and the secretary of the Brighton Rail way made the necessary inquiries as to his fitness, but failed to ascertain that his antecedents included a disreputable bankruptcy, and that he had been discharged from the employment of a City firm for " " - Very soon menced his dishonest operations, but from the state ment of Mr. CLARK it is clear that opportunities and temptations abounded. The accounts, during the time the shares were in process of division into various classes, would appear to have been in utter confu sion ; the responsible registrar was known to be in capable of verifying them as an accountant only could do, but still the auditors seem to have given no hint that all was not perfectly clear and orderly. In the beginning of 1834, just before Mr. CLARK was superseded by RZDPATU on the plea of saving 2301. per annum, some discrepancies were found to exist connected with the dividends, which did not tally with the amount of stock issued; an investigation into these errors was commenced, and was in pro gress when Mr. CLARK left in April. Had Mr. CLARK remained, the investigation he had set an foot would have been continued, and REDPATH detected; but after his dismissal the inquiry was dropped, and free play given to the man of bad ante cedent,. Of this fact the Directors' Report takes not the smallest notice, and Mr. DENISON also took good earn to ignore it ; nor is the result of the inves tigation then set on foot in the slightest way alluded to. Yet the facts of the discrepancy and the consequent inquiry had been evidently communi cated to the Secretary of the Company, and, it must be presumed, to the Board also. Still the auditors find nothing incorrect; either their attention is not called to the errors, or they consider the subject foreign to their duties ; and in January, ISK the Secretary informs the Chairman that ho has been told that du amounts of stock and of dividends paid do not correspond. Still the auditors find the books admirably kept, and quite correct. But the game has nearly come to an end, for the fraud is too vast to be easily concealed. REDPATH apparently conducted the investigation into the causes of these discrepan cies, and reported in August that errors to the extent of 1,3761. A stock had been discovered and corrected. The Secretary, however, complained that REDPATII did not pursue the verification of the books vigo rously, so it was clear that the above amount did not represent the whole known error. Now, it is remarkable, and on the first announce ment of these frauds we commented on the fact, that although in August, 1836, great discrepancies were known to exist, and were being investigated, the auditors express their perfect satisfaction with the state of the books and the accounts, and certify to their correctness. This is a subject which impera tively needs explanation. Knowing that these errors existed, did tho heads of departments conceal the fact from the auditors, or did they even fail to call attention to them ? If such were the case, they are utterly unfit for their posts. Or, if those facts were known to the auditors, if they were aware, in short, that the books were not correct, that the state of the accounts, with errors of more than two years' standing; was eminently unsatis factory, how came they to append such a delusive attestation to the balance-sheet P If, knowing those facts, they have done so, they have grossly abused the trust reposed in them; if, on the other hand, they failed to make such an examination as should have enabled them to dis cover the existence of some discrepancy for them selves, they have neglected their duty. It is no answer to such a charge to say that auditors cannot go through every item of vast accounts like those of l the Great Northern. If the books of that Company have been kept on any sound principle such an error as the issue of dividend warrants for fraudu lently created stock could not pass undetected for a mouth. It was detected, and that in 1854; but it is not until more than 200,00 W. of forged stock has been registered that the errors are thought of suffi cient importance to call for vigorous search ; nor even then do the auditors deem it necessary to modify their commendations of the accounts, or their attestations of their accuracy. If on the other hand, the Great Northern accounts are so kept that such discrepancies can long exist undetected, how is it that the auditors have pawed so pointed an ealogium on the system, and on the mode in which it is carried out ? Tho books of a railway company mast show bow much money has been received for stock of every kind, and conse quently how much stock is entitled to dividend. And in like manner the amount of the dividend warrants issued for any given half-year would show how much stock existed at that period. There was abundant room for fraud which might not be de tected by either of those modes of comparison, so long as the compiler of the register of shareholders was himself the criminal; but we cannot conceive how such a thing as an over issue of dividend could have failed to bring about detection. It is evident that the Directors have been at tempting to push economy beyond its useful limits, and that, as regards their accounts, the staff is either insufficient or incompetent as a whole, or both. They have probably saved for a few years four or five hundred a year, and have saddled the proprietors with a loss which represents an annuity of some thing like ten thousand pounds in perpetuity. And herein lies one great lesson to all Railway Com panies. In transactions of such magnitude us those connected with railways, frauds are easily perpe trated, of no great consequence individually, but serious in their aggregate amount, and negligence is as injurious to the prosperity of the Company as the frauds are easily committed. There is no way of counteracting these evils but by an effectual supervision, entailing a real and well-defined responsibility. To secure such a supervision, shareholders must be content to pay a proportionate remuneration ; it is a more econo mical course than that of making small annual savings at the risk of a heavy eventual loss. But, above all, they must secure a better system of audit ; it is the very foundation of useful reforms, which without it are likely to be mere delusions. It is the absence of such an audit that renders it necessary fur the Great Northern shareholders to apply to Parlia ment for a bill legitimating the forged stock before they can divide the profits of the past half year, and to insert in that bill a clause full of danger. Power is to be given to the Directors to buy up and cancel the forged stock when and how they please ; and without calling in question the honour and integrity of the present Board of the Great Northern Company, the existence of such a power in the hands of any board is in itself a sufficient reason for demanding that such a thorough investigation of the accounts shall henceforth be made by the auditors as may render its abuse almost an impossibility. DAVISON O. DUNCAN.—POILIC CONORATU LATion.—Watt Hartlepool, Weftedey, March 11.— At a meeting of the Wad lissiggssi lageewmast Commanenem, held yretenleg—ed ea 4 whims tax‘ fags ewe attend the wotds whisk amid Ole buds slits nowt mike for Mid in the are "Dsgless v. Dams," blued st Durham cat Trideybei—lheeemlielmes teselved he Nam to the proprietors et dr Arises Oassody 44.6.r -a:or their °myocardium's gm the stelely erg hat whirred, sad to °rpm their witilhdleast Go azoray in width they hod ?Whetted the rights of ths puss The M. raw hides mu unanimously weed hi s—w Tied fib eleeeeheion, reprresststives of the pads d Wad lialow4 mewls taloa the Durhams Gloody Adbordaa_ sad Se Newspeper pease generally, upon the deter, midi Ire bow edged in the tarok of the t,iot .Dwilses w. Dome: e~eat upon the et...notions m!rie by the armitedusses Odeber 4.t, on*, Mumt to hit to thins Hart Dow to toor, la Wont llordepool cooottery t which hyenas did not ewe bons the tridiegi—the question in volving thin trial being of sub ira• that thn bnttk fought by tho Derams Onrnfy Alwrfieer will, by loading to an alteration at dr waggon law, prove beneficial to the Ulan proos of Oral Britain." POOR LAW MEDICAL REFORM ARROCIATION.— Last eight an aggremlte matting of medical students was held at St. Martin's Hall, Mr. Layard, M.P., in the chair. A report, road by Mr. G. Evan. Farr, honorary secretary, entered into a statement of the endeavours of poor law guardians to be continual'' , reducing tho salaries of their medical of fi cers, and of the aorta re peatedly made by the profession at meetings held in the London and pro vM6al medical schools and elsewhere to procure an adequate rate of payment, and no doubt was entertained but that the matter would be set right by the public when it became acquainted with the injurious effects resulting tram the mew system, not only to the profes bat the stir*: poor. A number of resolutions (no les the el6t), spoken to ehiedy by medical studcnta of the sides Isaiah. in Lemlaa, and kasa Manchester, Mad, sad Tat, were aarimately passel. The sub stems of dr Ira free of deer easehethse Pass follows : , Thee shalt was sidled hr to lime kw radical relief ✓u e fa the fret likes It Wooed ths efficiency of Makplft dr siosrar, the pewees, and lowsekg do of side oar gerratas of dad Mk"; dud areeserelha of de terikal an played was krareete, tad apporwhiss dole Mears atn= rehreel rogrehriseal poem d ad that the met `di timely herhelf are are sod ef eallidse peer. The Ire hoe seedatior ore v t, 6 = uts eileindata i tot all do stahmle Is Wo , ad hos dam end eat drake he pkon kr the someneet, sal to the dream dela lamione Anwar the assabere et dr podia with setroyedas Mahan ale were prof, hot whis isek no pert la the wire Dr. Hare owl Prelhere deans, coo U ; Idemers. WWilsois mad Holmes sta, of It. s ; Pater Mr. Critchett, of the Larks MOW ; Dr. O'Coeser, of the Royal Free Haapttel ; LXrrd. armarar Irak d lt Marfa; Dr. oibb, and r. J. P EXPRESS, FRIDAY EVENING, MARCH 18, 1807. ebt Court. Prince Albert held a levee, on behalf of her Majesty, petard:l r afternoon In St. James's Palate. What tha P Ambassadors and Mirdetars had boon introduced, the wing preventanona to hie Royal High ness took plea la the diplornauc chcle. By the lawn /11/s/dre. La Gwen' Caste de Tea der Beth, OS. teddimme• du Id; M. Osage remit, Atiadid It la Lap** rne hy lm erewlea et Zotatirebsy, Sewed amotarf cf i tre Opole Chafed d'ALkos, IL lanaso C astoilmos, Attada6 le letataloa. hp Perpreeear OieW rall.hva, IL Pereolo de erne, Ddesta dad Yerewarra arta: IL 1. Der flowao. Austad to the !Whom lodides eadhaeh The =Se waa amorrotudpelleeded. The to Ide /ma Highness took =mew I = g bat prowlarady 1k at the Lord • Mks madl Naha/teed Ibr her Majesty's approval: Amor timed Alm, as =N i ke AdJataat CteseeiL t om a a b ffhiellitt h pemettar fo r PLlastraatt Oakes' nsmoy. Mr. VI. lecher, re kb sprablemet le a roveray Ws Ilk Us..: Ire% Geheeti Oaelde Bashe, by A l t= of Oa Rot ladle Oreteaay. Ur* evretrr Ilerev e Lemellea owl mare from the Crime% by Uselearre Omni Itlr. P. lerremerde Mr IL Iteriremse. data ',Maw Mei lireirma Goad Sir Coda Conte% Ir. l absearre. Mew EMI, at Then* by the light Ilea. 11 grub &dm. Se.. es rams a. Wig mak C. • e. me M ora kw kmigeormieb. by bk C. W•M. Orto LPm by Ur lesequis itsatkety. Ilir. 1.1. bar Chemist Dommer. ea W roarstrcas L =Z ea Odd Clod kW. m prissOm eid Mars frau Ob Olmo. Wood limer. ri le ler ami ewis ra ted ek as Mt 111. ihrom. mum Ma Os arkomd et the OM le t ktlikool am hake Iwe !mimed C.a. sad &AO. is k• br Ilesmi Or W. Calks. Umbmwr .—.. Immur, in Mr rotors if= the Crl- Z .N larallsint Omni Or OMB 0•01•11. ..a. /MM. is rami•W Me mmobilm. by Oa Die. te Camidep. Cama W. Z. ewes. by Is* Omni W. CNN. lemborob•Msed /Ma Z. eye& co bk youseesa mi Mom km Ibmles emykr. le OW lermial the LOW StralbeL Clime I. P. Os Orel emprietri • 0.1., ard moire li=Or try Z. eb We b.•• ran tium N. Man, by Omni ek B. lip* MAIM Obworimy Owint A.o.* by Me Atiftt Era. Mr O.OBBIA 116Wwwwi . N... Indobastor. by LksWeat Own& P. A. Lagoa; 11A Cblebrw by tae Welt Mos. C. P. Ulla LWAsmat W. ObLms. A.A., as macs from emit airtime, by ek 9. WAIL — landngat MVOs dna Nary, by I. charms dam tad /Ina Candiny. IL Mader, ea piss abroad. by Vinont Pala ibin IL Canna A. P. Close, as Man San Ye Calm; by 0011111 lir D. Earl ß anork sad emir. la annilas Is dlibl tin egassn. KC. r. Y. A. yanislin, by dna. Kr. H M Cos, al m Dygg Lissennt at 111/Mnins, by lbg argin OslnsilLtann al y, y Oneenl Dr J. t. lansaysa. Wend Oingnngyna, b, /dr C. F. A. D. OnstardWan ILIL, as prawn" awl relms tea® 1104 8 11 .. CM'. by Lissersast Caned B. C. Caal , ffe Owes. NOtite 4•110.1 e In or by by Mr. Abil dedtb. Llegbonst I. MO Down by InglernOlkOn vnitte. Lastarat A. Plash Daman by Radial Consel %bin. Nana /L A. Daman as proninas gni ratan Ina tab era" by . tba Jinn at Lads. .by Gourd ft A. Wted. I.l•46eret W . Pima 111•01k4 es preuratio ool a. by Omani Okt 11. Rasa -- Lieterit mad Mirsal D. Dere. Omer Ilr I. Wales Unarm IL L. Darra, by Mr, O. Wrier Ureteral de ea tour rea Ile Carr by Umtata at *doom Ka D. S. de Mr/ V. Wain, ea prometka ead rare far the Crimes. by De eaelk Lied Nearer Mr. Hier by ar J. WWI. Br. IL W. S. Nes. by lant Derby. Lleaterro.llpree. y Orreerr C. Bram 11. hers terarreler berry's Oary arr. by tbe Dart atßldeadlie. _ --- I.looffoot W. C. C. lbw. opplolsoot ails !WOW Gun* by the thin of Crobrideo. lAsolumat Omeol Bw T. 11111410 Obi a Ansley of the Sl* Fook ip t‘Ddis of Or Copula O. IL 1111_wiftrt ildi rellistoura Ow& mad re tors from ft Moue. Mg limas( ilari of *max& Linnowit EEL Fifamosda, LS. NI 111 ur TloomilllClrtwolL . _ _ _ _ Laiuterat iiiiri Its 4 la Mors lbea help orrice. by Li enersiOnsarl Or J. Oaks 0. T. by 11.0 " % i tansfacy. lasommt by bleayr Mar II fl. T. Senrlo. UsaMesist Oalbsi tr. hp Li/OmM Omer' Sr L. try _. _ N. raraZ Ossibs, is promisa r. Ws from Melia ter- Auk Firll larded Os Ilertet esollint . to. at by beAsisbast Ostia esentrty of IPIto W.o. by IAM P CaptataU (AVMs ck wAr at l es Oweral . T. Irlfliwo. IL Ntwau SW Fat lland. Lwatosoat D. A. by LAMS. WwW. Liestesast A. C. Geolleg. by Umlaut Gamma 'barb C WWI (WAWA". y Omni Su J. W. Lbw twat W. CWWww, &X.. ea ream tram foreign fob 'AN by rim J. Waylay. _ Mai. H. (halm by Air A. Avow. Captain Orel; by ea Calk Casale. F v..sher as 6r. O. Gny, r presoties sad yea - a ties " j17, 11 441 "- dest e ty Ile J. Oseoarall l ketoses Wood I. Gras se presoaks, by the Dr-ba et °sa bre*. C.sreas moo. yeesellor, by the Sala Waked. Ocean F. J. CMS blebeekeseppeloisest rs AN. ds Cap to Sir J. F. I se. by Liestsso Oral la J. F se. LY E Ilejet F. Ileumbraey. es gesselks, by Kola , Cmses , Sir s Yoder Omen' Ilsosoet, es err. lna bile, by Geberal di T. banobsa. lbe MIL Y. Masa by Lai Mild. Ostala die Mrs. c. r is; peselee, by tbe D of Cu. bridp. lee Wood by dr Dols or Ileo. P. Berta Onesbridge WU sopeleled Aldo de Ceap to ha Mr. Owls. ea drone se DeFdp Marrs el blood Iw • ea. by the el Ibe ballogre. .• 04ssal Oinks kw" so yeenetacs, by Cermet Sir I ..I ,terms Coke., AMC, tit tetra tsar smite la the Crimea or d iota. be the Mara et 'No trA India Ompay. Mr. kl Wefts, es Wawa f rem e t aottal stain la die b 1 lord lean_ . _ LieulTne . st Caked Replan ca maiden and appeunast to C.A.. by Os Depot, Adjutant tleantul at Renal Idaeses. Ih. 4eetlf, cantons has knits stralan by Major General Lard — Yr. J. [oak Sally, et Nike, by Nett Ilemairstle IL . .bembei a. Capeela L. Jere, cm prentoloa, by the Miscast Gest re). Omer& L. J. Jaw, & N, es beim Go.brdip sec vics, by Ol.• C. Wad. a . uralemeat J. R. 1s near, ea Mara boa Ur Crime. by a as n Jiab lea.Mu i W. det 7 ro co ILooll spladabom ya. at to Or dila Brady. by mmied n DJ. C. IL Comer, co pomace aM aft dement lolanda IL Oak by Kr J. WOOL Lavaca au Ocl aal Ybo. co am *Must • ) Orsocelcs Oauch, by Mimi L COMoti .l l6/1111t Crime% co opyobtasot to Scots lr Orr Cluols by lb* Dolts of Combrsigo tiaras& & W. Koos. co tos Immo Ike Du.o by Ur Duk. leCi arp li rgoos. by I od tionflor. Mod len I N See& Wet ele 11. D. Lloolurat Cling ti= IS promodoo, by NM Woo& I loolmot I. 1. & as Moo gm ile airs, y k Mobil Os &al M end . _ O urs aim t tb rep l oissi maw. MeeLome"wymeteteettoOwentatieerat, l Ike &AO* Deseret ce the Feria Maras* F. Law, co ratan too the Critter, by the 1 ,- .4 DI • Xmas Lees Feactiol, Moltramin c3a." Moto, by ern J. Dolma Cravat Limeiniat Celan! Z. C. lagh„ ea perlierr not Man (moms Dep Men to Unica N titrael heft& Depat• *siselivery Omni I .wir. co Mora *a the by Div by Led Faineeca Mr. Uw Imams eelielablent Dlii She, woo Men, e W. De. Wei% se mien hie the Glamp co nob* the C.D. eall prientlee. lbe Debi thancien. I rniano M by eF. Len e a preneeee ead oppeteimeet bp he eta worn el he Sloth Brno Dliblea, by the Dabs of Onertho. Mr. J. Lembitio. by tie Cbnates et lie Dim Ma Olopeey. Moses* Colemii E. Ma o% ea Mrs leaktierea 1111,1.14. by Cieetrel els N. D. Dem - 1. — .7 6.1 'Trim is,' Ty Os MIK. at Lab& Iloye Ossessl IllaiessM, ea Mara Inn brain rill., of 04erni Lad arid& _ . . . LlZero& Masa Mllam, ea Wier NWred C.D. sad as Ws retank from earths Y tb. Nee, by Memel Mr • J. Mllsbea. Mr. J. Wierlasy, by We J. U.U.a Owearair M. limes, kM. by Mr C. Weal. W2Ciawirebset. ersesSatment es Maperbleadear f bib lisa Iles& Walsh by Goners' 114 I. larscryas. 4 lama Urania Ombra Z. If. Mamie% ea gevasetios, by lard Peasara . . . - Dr. Kam as appirmist tbs Prtakirshils of Ore Royal Oak's Ptssiders. lir O. ON,. w ry* J. O. as par:4lm b Mutant Colossi Mts. lelNlNfias. by_tbiler Gird Lard W. !we. I.l.werwt Y. H. a lky M.J.r Omni Lead W. held. LawnJ. tor Oft/ MisigomW Omni Prwske. Llsolsros W' L ire. an Mato semi the Cries., by dr Die of Oisibelege. ses. sbussoloma op=ss Itisitsat Cl Use Osasral 'Mud of li ns 472 - . . rows, by .1r j. 1.1601. Kr. 0 Mebrsy, revs tress gneiss anCss sad asspqat. was tem liskstet loyal Ire, by Caplan I. U. Joss* Deb. Lie•TiEeit Oise O. hew w• CM. end kering =amt. ear ea order dde lyes inlersvar, by eked thelyour Wert eppreled a Lestreet Ormenew et Jersey, the VO wftb keen* M, Ormerly by O tepee 0 Ihrtog.ll.lll, pereetie. a... a weed. leave Oise IL Kali.,.. preemlai nen F. the Crewe he Debt et cu•brklec Lisoisorby t t Obbot &wawa& • !Asir eel Epee ham bees bp nil Ihreel the Met et Itraord. II•kr ea preemie% by terreeert Orsini Keene. C. Ca Was%rs% IL IL Malik IL K " stn . tie Insig• lentre, by Er Llmmest T. T. Iteeemy. by b Wm% Mr. Errery. le. A. Peert b elumillitairat es keretery it Impedes et Lebo, bye de(' bra fend C. hie% LII., ch nem tren lofts oinks. by the Este el Illiteced. Melo E hq, by RIM Bro. C. P. Mee nip% es rears has the Creme, by the Doke et OS remotion. NM beim spheredh tbe lem ur/ el • %ease et ertUlary, by the AN • Chetwidge. Lleiesimet Wert R. Prise, ea pewee% by Omani illr H. D. flowee'vrm. alimmeNa to Ids Oft* lard ?mown. O. I. llama . neetelm eensinice, Gernd ler IL D. Medea 1. Maud% as lam tr LW, by Uadosast Ournil 11% W. MEWL es Ida wartime% by the Earl at 11 %14 LII. Cbdubil We. as Year. iv Qs Order anbe Oa% by limeirea Omni Mk V. Mr. Neareohlay Ibmirepo. tbe LW now L Terria• Ea* We C. Wad. es pronoun. by Coked T. Wool. llr.O. Uri% by bh tether. the AOCOSIStaIIt OssenS. Llestaree Chased Eobserta. ea Wag atierel se hrs..' eerie. * Lei Pasams. Dr. J. Ilestys Ek a. El Warr. Kr. a. arty% by These* Ileskebea. Corkin fir,. is Mess to Metes elm* se pristes. No. by Gored Ile /L Nam Mt.lkredee NW. is es Dertz , Lisztaist et 10a suitimake rates by as Earl V. as Musa has tfr Crises.* UM DEM Ofinklege. Llsolenst Oise! Serkes, by Ur Nestak Ealisiorr. Lissinset Clod W MON% as prasslks, by the Dale of Cembriese. Melo 0. F. lkiy by othwel Wert!. Yetst Petrel Iles lkseek. bY IstE MEMO. Ussimat Oiled trikley. by Litstroast Omni the Hoe. C. Owe. Wet sat L fireley. as obbikks W assrektka, by O.wtl ter H. Wes. tortes E. T. Use kewort. es penis% by the Doke of Ous. Ns. Leftism. y Lleslarst Coked Uestmet Ellie& as mess ken t a b l =. by 0 01 brsi IL D. ases gesrestks. by Cameral EU 7. !Wpm. Mr. 0. W. tsse. by Ilkeesst Cutlers.. Filkarit Itylormer. lesseeskNeest lonhaor of btetbrestles et Ike Berl Miry Arerkese. by Lead hamar& C H. . W Wallas EJE.. es rental* tem Ologesberhly of the tg Ek eed. Teo" by Or estolkes er tbe CUT el Bald. Tasssetol Cis by Lard Premes Ws. D.?. Tesseasom espellftest es Depot, Lles , teeat, by the Meer ei tekkery. Ceps* Tbeeres. * Oise/ a *net A. ibespeee. by Uout W isest d. Otkeet H. C. Mitts Vel Chelek Teak. es rears her the Piro, by Mid Mat 411 the d Illeetheil. Yeeksust C.l. B. Tyler. as Mots from the Crises. by Meter Omani Inisrika Idearat Died Mod This. es stirs tees the O aim.. sad sees. Se Chrletags IL R. Vu .. ow Wars from the Odor re Volluse. Owe& netere WM Otliffa SW W. Ours The Wes se Iler:11. Wimps% w etaa mew la thistemOtebrlel. tr or Loa arras Useemee S. Laws Wilms. the ISO IthOme. by Gime; fie A. Weedilid.ll.C.L laelele O. While& 11.11. es Ides stedealell Omplits et the IMS.Wr Wash le Nam. W. Wehlis. es premeds and stars Lees Ileservits We Wet Weelleed. Ile Dees ef WeeSileger. es lie eisehteaset to the Dowry of WW8,125184W Times{ Plimedes. lieesort O. Maim. Asp &oh Wee Maims el Se lest Ude Cheeper. MONO Mod thineecle WWI% es wares ad Mem hem the elms. 1 / 4 1 16 1 ... Deite WY Me" ht Wv‘se Weeerg = " Winnshemos stare use OM" hr Se Data al Csis. MOW *Ode Meet Willem, LI ,ca stirs tem Ihre l / 1 1 sentry. by Osreal L los o.a Wm Errs* V. WM* the lost Reelseei, by General sir A.Wenellina.fil.o asar WeadibrdOs •opelatasat Wale= nt governor of Mabee lisogitel, by tine Date of Dr. Wednalm, ea Mena from C a rlik li tadcmel SD D. glade, LOA. IllogainWerd. by Myer Omni lir IL W. WM, 10.8. - Wombwell, re grammar,. by Me Dais WOrildrldge. °Aglaia Warm, a befog or so Amiga meg% by Lord Plownew Commismry Team,a beelnatkn to the Orderer the Dab, by NAM Omani Cake. C.O. ----• --- A largo number of noblemen and gentlemen attended the Levee. WINDSOR, MARCH 12. The Queen, accompanied by Prince Arthur and Prinocia Alice, drove out in an open caning* yesterday afternoon, attended by Lady Churchill and Lord Charles Fitzroy. Prince Albert rode out on horseback, attended by Captain the lion. D. de Rea. _ W 1;;17; eervmemtng the Princess, and Princess Feeders of Ho henlobe Longest , and the Prince of Leiningen dined with her Msuesty. Lady Mary Hood, Sir Henry and Lady St. John Mildmay, and Colonel F. H. Seymour had the honour Mixing invited. Prince Albert, accompanied by the Prince of Wales and the Prince of lainingen, left Vlindsor at eleven o'clock this forenoon by a special train of the South Western Railway, and arrived at BucieMgharn Palace a few minutes before 12. The suite comprised Lord Byron, Meier General Berkeley Drnounond, Captain the Hon. D. de Bos, Colonel F. H. ° , and Mr. Gibbs. Tr Docker of Kent and the Princess Amelie of Hohen lobe Schillingfurst visited the Queen at Windier Cootie. The Queen, with the Princess Royal, Prince Atthnr, Prince Leopold, and the Princesses Alice, Helena, and Louiaa, left Windsor Castle at half-past 3 o'clock yesterday afternoon by a vecial train of the Great Western Railway, attended by Lady Churchill, Lady Caroline Barrington, the Hon. Eleanor Stanley, the Hon. Loris& Gordon, Charles Fitzroy', Colonel the Hon. C. B. Phipps, and Gene ral Sir Edwar d Ilerrater, and arrived at half-peat 4at Buck ingham Palace, where her Majesty was waived by the Countess uf Desert, thn Duke of Wellington, the Marquis of Abercorn, Lord Ernest Bruce, Lord Byron, and Slajor- General Berkeley Drummond. The Countess of Desert has succeeded Lady Churchill so the Lady-in-Waiting to her Majesty. Lord Palmerston and her Majesty's ministers yes terday intimated their acceptance of an Invitation from the Right Hon. the Lord Mayor to partake of a banquet at the Manion-house, on Friday, the 20th Mat. Cards have been brawl to mambas of both houses of parliament and other datinguialasd pasts. Tho interest which the approaching appeal by ministers to the country imparts to such an event will, it is expected, compensate for the shortness of the notice, and secure a brilliant assemblage of guests. The Countess Granville "received" last evening, at the family inawion in Bruton-street. The ',Union wan veil fully attended. . _ The Marquis and Marchioness of Clanricarde en tertained a select circle M dinner, hat everting, at their man sion on Carlton House-terraoe. We are requested to state that the Countess of Derby'. pasty, announced for Wedneeday next, is postponed till Thursday, the 19th instant. The Right Hon. B. Disraeli and Mrs. Disraeli received at dinner, on Wednesday, at their residence, Oroevenor-gate, his Excelleney the Ruraian Minister end the Countess Chreptowitch, tho Duke and Duchess of Mon- Meer, the Earl and Counters of Jersey and Lady Clementine Villiers, the Baron and Baroness James de Rothschild and Baroness Nathaniel do Rothsebild, the Earl of Cardigan, the Bishop of Oxford, Comte de Lagrone, Lord Robert Cecil, Lord Adolphus Vane Tempest, and Sir James Fir frUSßoo. _ - The Duko and Duchess of Hamilton are still staying at Pau, and em not exported in England for some weeks. The Countess of Scofield, 1k ith her husband, Major Massey, has hit Grant Lodge, Elgin, for the south. THE ART TRF.ASCRES PALACE AT MANCHESTER. —The decoration of the great central hall of the Art Tr:a tares Palace, at Manchester, has been entrusted to Mr. J. Cram, of Wignioncstrest- , London, the principal colours being maroon and gold. The walls are of a rich, bright maroon, and the eerni-circular roof, from the spring of the arch to the glaring is in panels of an aerial grey, with a ma roon-coloured marginal line round each. The praline have a maroon line, broken at intervals with a rosette, and the ex ternal lines of the girders are bronze, with the rivet heads gilt. The face of the girders will be relieved with gold and light bronze ornaments. The columns are bronze and gold, as also Ere the balustrades extending round the galleries. The general effect is said to bo very rich and effective. The walls of the picture galleries are cover: . 1 with a light green paper, with an arabesque pattern in a deeper shade of the same colour. The roofs of these elle rice will in every respect correspond as todecorationwith that of the central hall. Tho decoration of these galleries has been given to Messrs. Wilson, Little, and Renshaw. Mr. Fair beim, the chairrnan, and Mr. Heron, a member of the execu tive committee, are to have an interview with his Royal Highness Prince Albert during a visit they have now under taken to London, to fix the day of hie visit, and the opening of the Exhibition. Madame Clara Novell. has been engaged to take part in the opening ceremony, when the music will include the National Anthem, the Old Hundredth halm, and lisydris Ode for St. Cecilia's-day. SOCIETY or Aars.—A deputation, comprising Colonel Sykes, the chairman, Rev. Dr. Rooth, the treasurer, and several members of the Council of the Society of Arts, yesterday waited open Lord Palmeniton, and presented a memorial, stating that they concurred, with one or two exceptions, in the recommendations of the memorial recently prevented to his lordship by the Royal Society, for the esta blishment of scientific claims in the common wheels, aided by government grants, as well ea of lectures, examinations, museums, and public libraries, in the provinces, together with the more extensive distribution of national scientific publication'', and the augmentation of the parliamentary grant for science, literature, and the arta ; they directed attention, however, to the important operations of the Society of Arts for the lODIC objects, and advanced its claims to be re garded, net less then the Royal Society, as " the re advisers of the government as to the meson's* to De adopt for the general diffusion of a knowledge of physical science among the nation at large." Allusion was made to the Royal Boriety's proposal not only that the government shoeid " augment ormaionally their annual parbamentary grant of 1,0001.," but " place a further Burn at their diepoaal from the patent fem." THE CRAVEN SCHOLARSHIP. CAMBRIDGE, Mancrt 12.—This scholarship hes been awarded, after ex amination, to H. Sidgwick, Trinity College. THE PASSENGER TRAFFIC WITH THE CONTINENT. —The following particulars of the pa nger traffic between England end the Continent during the yet year, as com pared with 1855, have been gathered from statements net furnished from the various ports :—Boulogne, 1&56, 99,M4; 1855, 136,331. Calais, 1866, 84,653 ; 80393. Dieppe, 1856, 34,651. 1856, 39,311. Havre, 1866 , 16,416; 1855, 20,766. 'Dunkirk, 1856, 812; 1856, 2,436. Ostend, 16, 21,501 ; 1855,18,998. Antwerp, 1856, 17,017 ; 1855,15, 38. —Total 1856, 274,083; 18,55, 313,580. The falling off obeerralile in the French traffic is entirely attributable to the exaVicsal development it attained in 1856 in ounce of the Paris Exhibition. The augmentation at Calais and the Belgian pinta seems to indicate an increasing traffic with Belgium, Ommany, and the North of Europe, partly attri butable, perhaps, to the reopening of relations with Russia. LATEST INTELLIGENCE. BANK OF FRANCE. 111.111/1N AND OCNYARINE TZLEORAPH.) (IILON 01/31 OWN CONNESPONDINT.) PARIS, PkIDAT 111(011NDo. The Moniteur of this day publishes the ino;tltl/ returns of the Bank of France to Thursday, March 12, Wo give the moat important items, with the ear. responding figures of last month, en regard: March. Feb Coin and bullion, Paris 107,155,914 ..• . 8 5.611,634 Ditto ditto branch banks Bills discounted, Paris 239,305,911 .... 252,031,041 Ditto branch banks Notes in circulation, Paris Ditto branch banks Treasury deposits Private deposits, Paris Ditto branch banks Advanced on public bocuritics 19,9. - 4,136 .... 21,882,938 Ditto by branch banks Advanced on railway aoctuities 14,213,000 .... 14,774,900 Ditto by branch banks 5 ,94 3 ,150 ...• 6,197,409 The increase in the coin and bullion is as much as 1,080,0001. The discounts have diminished by 1,128,000/., and the private deposit's by 0290001, whilst the Treasury (kilobits show an in. crease of 900,0001. The decrease in this active circulation is 000,000/. In the advances an stocks and shares a further decline of 123,0001, la shown. These changes are generally of a very satisfactory character. THE EAST. MARSEILLES, THVBADAY. • The Egyptuv has arrived with Constantinople news to March 2. The Journal de Constantin*e says that ministers have approved the statutes of till Constantinople Bank. It is reported that the Cireassians hare gained victory over the Russian, un the bunks of the Labs, The Russians are said to have recrossed the river, leaving on the ground 400 men, four gun; and part sf their baggage. A Russian corps of 3,000 men has been received with enthusiasm at Tabriz. The Persian army, ope. rating against the Affghuns, hue been, it is affirmed, reinforced, and Russia is seeking to occupy Khand and Khoukhand, in order to eztend her frontier am fie as the English possessions. The sovereign of Bak bar; alarmed at these projects of Russian invasices, is said to have solicited the mediation of the Sultan, with the view of causing the independence ed Khoukhand to be respected. AUSTRIA. " A private letter from Vienna, of the Bth, men. tions a rumour (says the Pays) which has ob. tamed much credit within the last few days, It is affirmed that a great change is about to take place in Austrian policy, and that the Em• perm's government intend to grant to his Rou. main provinces a constitution securing to them advantages similar to those recently accorded to Lombardy. In the event of such a concession, Austria would have nothing to fear from the union of the Danubian Principalities, and the privileges which the Roumains of Wallachia and Moldavia would derive from such a measure." NAPLES. A private letter from Naples, of the 3rd, an. nounees that the frigate Fernando is now arming, and is destined to transport to the Argentina Republic those political prisoners who have con. witted to inhabit the territory ceded by the Argen. tine government. The number of prisoners who accept the provisions of the treaty between the two governments is said to be 2 W. EXPRESS FROM PARIS. (PROM. OUR. OWN COUI PARIS, THrILSDAT I have mason to think that the sitting of the Council of State, with the Emperor in the chair, which was to have been holden at the Tuileries to. morrow, stands indefinitely adjourned. It is there. fore to be supposed that the question of the tax on negotiable securities is still unsettled. Meanwhile considerable uneasiness prevails lest a project origi. rainy represented as one destined to check specula. tion at the Bourse, should be so moulded, as while leaving gambling transactions unfettered, to affect almost every kind of 111(0111C. It is certain that a rumour of something like a general property-tax is very current, but I know not on what ground it rests. It does not appear that any day is fixed for the resumption of the Ne'ufch'atel Conferences. No appprehen,ion, however, is entertained that the causes of the delay are of such a nature as to throw doubts upon the favourable mull which everybody is agreed to expect. I hear it said that two more sittings (whenever they may take place) will tcnri nate the affair, and that Dr. Kern, the Swiss envoy, will only be introduced in the concluding sitting. The fioursc was lather feverish to-day. The cast majority of the speculators hate lately gone in for the rise, and they are inclined to realise on the least symptom of weakness. There is, however, a strong re. sistance to the full, and in the absence of unfavours able news, anything like a considerable decline would certainly bring buyers forward. The Bente fell 15c. for cash, and 25e. for account, closing at 70fr., 75fr., and 71fr. se. Bank of France fell 100 fr., although the rumours about the monthly accounts are very good. It is said that there is an augmen tation of more than 21 millions in the bullion, and that the Bank has spent 100,000 fr. less than last month in the purchase of the precious metals. Mobilier fell 7fr. 30e. Railways were rather dull. Northern fell 12fr. st'lc.; and the other lines from 2fr. 50c. to 3fr. A deputation from the principal manufacturer* of the Haut Rhin lately waited upon the Prefect to complain that while they scrupulously acted up to the provisions of the short time bill in their facto. ries, the law was altogether neglected in other de partments, and that with the connivance of the authorities. The prefect listened to the delegates with great attention, and promised to lay their com plaints before the government. M. E. Gourdon, the compiler of the pamphlet, " The Congress of Paris," published last summer, has received from the Sultan a splendid ring set with forty-two diamonds, and a topaz in the midst of them. Prince Danilo, of Montenegro, was the lion of Count Walcwski's ear& last night. A great fire occurred to-day in the Passage Van. causon, in the Faubourg St. Antoine. It is reported that thirty houses have been consumed ; but, accord ing to the latest accounts, the fire is got under. The Independence says it is rumoured that M. Berryer has made up his mind to plead the cause of his son, M. Arthur Ben" cr, before the Court. of Appeal. I 1