The Express. — London, England, 1864-10-10 00:00:00

IRETyI and LAII:BRA'S One Guinea sad /1 Tire Guises YIELD GUMS asZTILYSOO — IPIS Teo we; retied as sarhatled for power sad . US. eOll Us. Is = 4 . naglowfsidse. L.c.: IL Lc.; 14* W. ; ISS, MseSsisset : and Certsl Paseo. JOHN BROGDEN. ORIGINAL GOLD CHAIN MANUFACTORY, 10. RINILUSTIA,STEINT. COVENT-OLIDIN. JOHN BROODKN'S GOLD CHAINS. JOHN BROGDEN'S GOLD GUARD CHAINS. JOHN BROGDKN'S G OLD ALBERT CHAINS. JOHN BROGDEN'S GOLD BROOCH CHAINS. MR. MILES'S (the ORIGINATOR'S) World tamed 16s. TBOUSEIa can only be bad at 79, BROOK-STRKEE. ERNOVER•SQVA RR where competition Is fairly distanced by Mlles' ALYIED WEBB MILLS. IidTABLD3HED Int DEAR DOCTOR, what do you advise f I advise 'althea Cowart'; afterwards to IVAXV. COVINT-GAIDEN. hear some charming diming. order one o f OM+ capttal shops and magnificent potatoes, sod dist is the best advice I can give yoa. Che erortoo. TO CORRISPONDEITS. Advertisements intended for The &press" London ➢ranin` Paper, must be at the Once, 10, Boareelentreet, h 7 Twe o'clock on the day of public:Won. HAYMARKET. Tap Krennto, MADLIIGISELLZ DE BELLEISLE. Mews. Helmand Farm : Mesdames NNWlosand AngeL—PIEBENTID AT COURT. )L. Buchanan, Romeo, and Braid Madames Inowdon, Griffith, and 11111—Aud BAOCHUS AND ABLIDNI. PM:IMM TM Enigma. BORN TO 000 D LUCK. Mr. D. Murray. And THE STREETS OF LONDON. Mean. Vining. J. W. Ray, D. Asher, D. Murray, J. Salo" H. /ornerier, and H. Mellon . Mrs H. Manton, Minn Barnett and Gwynn°. DDITAXIFIA. TIM Emma, THE 11(YTHEICI3 DYING CHILD. Mrs: S. lane.. Slnipbog by Madame Ram mad Lads Llndry.—And TOY OF TADCASIKR. HIGH WATZH AT LONDON-BEIDGE. TIM Day Moran& ets. 2 DAA....ADATnooti. 9 h. 13131 . TO-Roatoll Morning. ab. fes....Atiernow, loh. Was. LONDON, MONDAY, OCTOBER 10. The money market has again been troubled. Last week appearances favoured the belief that the Bank rate of discount was about to be lowered from its present extravagant point, and there was a general expectation that the exceptional pressure, which has so long weighed upon the trade of the country, was about to be removed. The demand for money had sensibly decreased after the close of the quarter, and gold was steadily flowing into the Bank. The general aspect of affairs, however, changed instantaneously on the publication of the last account. It was then shown that a falling off of no less than a million and a quarter had occurred in the reserve. The result has been a renewal of distrust, the appre hension of a further rise in the rate of discount, and as • matter of course a general fall on the Stock Exchange. This diminution of the Bank's reserve has been traced to perfectly legitimate causes. The reins 'ursine, that have been given have nevertheless failed to exercise any appreciable influence on the public mind. The fact may be clearly accounted for, but the explanation leaves it still there. The question would be com paratively of little importance it money were at a low rate of interest, say 3 to 5 per cent., but it is vastly different when the current terms are 9 per cent., with a prolpect of going to 10, or even higher. When the money market Is in this state of tension the public mind is naturally far more affected by any adverse event than in ordinary times. It is this circumstance that gives the decline in the reserve such prominent impor tance. For some reason or other sufficient weight is rarely given to the moral operation of a diminution of the Bank reserve ; it appears to be thought in some quarters that a merchant is a machine. Turning solely to experience, there is ample proof that in periods like the present a serious fall in the reserve of the Bank is emi nently calculated to cause alarm, and this for reasons which are not difficult to discover. The reserve of the Bank represents the last re sort to which a trader can have recourse to obtain assistance and uphold his credit. When money is plentiful and rival capitalists are com peting to place it out on good security, it is of little consequence whether the reserve stands at a high or a low point. No probability, then, appears that this last fund will, at least for the present, be trenched upon. The case is entirely altered when discounts become difficult and holders of money restrict their supplies as far as they can do so without seriously damaging ther business. The position of the reserve then becomes o.ie of paramount interest. For years the Bank have adopted the wise and generous policy of according to trade all the assistance that can be legitim ;sly afforded, even to the exhaustion of their last no*.e. It is impossible to praise too highly this course o' action. A merchant knows well, that as long as he can offer good security the Bank will provide him with money ; and that, though it may de mand a rate that may appear exorbitant, it wi ,l never go the length of refusing accommodation altogether. But however good the will may be, there is a limit to the means of the Bank. This limit is represented by the state of the re serve. When once that is exhausted the Bank is placed in a position that it must inevitably stop lending. It can neither part with bullion nor notes. The first must by law be kept to meet the outstanding circulation, and by the same law that circulation cannot be increased. No doubt the Bank have ample securities—more than sufficient to cover any demand that could be made ; but if these securities are unmarketable, they can be o' no present use. This difficulty remains thoroughly palpable to the public eye. There is so much money in the Bank capable of being bor rowed, and the total is gradually decreasing. The other banks see that it is diminishing, and naturalli enough hold back as much as they can, to secure better terms for their capital. The public are thus compelled to resort to the Bank, the pressure soon intensifies, and then comes a crisis on a grand scale, followed by the inevitable suspension of the Act of 1844. In a wealthy country like England, the whole question in fact resolves itself into the presence or absence of confidence. On what real grounds should money be dearer now than it was last week? The nation is assuredly not the poorer ; there have been no new companies or loans to draw away our capital ; and the exports of specie to India and elsewhere have decreased, while our kn. ports of gold have been steadily advancing. And yet our whole trade is disorganized because there has been a falling off in the reserve. The matter would be intelligible enough if these notes had passed into foreign bands, and thus become a heavy liability which, in the course of events, we should have to meet. On the other hand, it is well known that they have been diffused solely among our own people, and that in every sense the nation is as rich, whether in currency or other commodities, as it was before. According to THE EXPRESS, MONDAY EVENING, OCTOBER 10, 1564. theory the notes that in this way went out of lie Bank of England would as soon come beck. Practice, however, does not always tally with theory, and especially in financial matters. As long as men are men they cannot reasonably be expected to rise to the exalted level of the devotees of the Bank Charter Act. Although the decline in the Bank twelve has for the moment unsettled the public mind, it may safely be anticipated that the disturbance will not last long. For some time past we have gone through so many alternatives of excitement and depression that • confident hope may be enter tained that the mercantile world has become in some degree prepared for these constant fluctua tions. At the same tune it must be admitted that the position of affairs is a critical one. In the pre sent period of tension one or two really important failures might bring about the moat disas trous result.s to the community generally. Money at 9, perhaps 10 per cent., is sure of itself to engender such a feeling of uneasiness that • very slight impulse may convert it into positive panic. l The alarm may be unreasonable enough, and in fact, should it happen, will be proved so day by day. As everybody, however, knows perfectly well, it is as idle to preach to people overcome with fright as to speak to the winds. Ar gumenta may go for nothing, but facts may pre vent the ill. There is really no substantial ground for apprehension. Notwithstanding the vague declamation about the new financial companies, there seems no adequate reason to believe that they have engaged any appreciable portion of the national capital in foreign and unproductive enter prises. Again, the capital embarked in foreign or colonial banks has not come near the sums which for years past have been an nually taken from us for foreign loans. Only two years ago about 20 millions were absorbed in these operations, and yet we heard noth'ng then of excessive engagements, and so ford., but on the other hand received congratulations for prudently taking such eligible investments. As far as can be judged, trade is sound, and such failures as have taken place are due to bad trading, want of capital, or other ordi nary causes, and have in no degree been •tta:- butable to the pressure of the times. A disaster such as the stoppage of the Leeds Banking Com pany was sure to occur sooner or later, and in fact might have taken place as easily when the money market was in its ordinary state as at the present moment. With trade generally sound, and the nation steadily prospering, it seems singular enough that the fact of 1,200,0001. additional notes being in circulation should be considered such an ad verse feature. As long, however, as our currency stands upon its present basis we must submit to these artificial disturbances, unwarranted though they be by • rational view of the actual facts. ebt Court. BALMORAL, Ocr. 7. The Queen, accompanied by Princess Helena sod Priam Arthur, sod attended by the Hon. Emma Las mils, drove to Loch Collator yesterday. Visooont and Viscountess Palmerston have arrived M Cumbridp-bouse from Broadloads. Despatches were received at the Colonial-aloe on &tau day from the Governors of Gibnitar and Ceylon. De spatches were mat to the Governors of the I. clkland Islands and Canada. His Excellency the Bavarian Minister and Baronage do Oetto bars bees placed in mourning by the death of Ilm. Burrows, mother of the beronees, which occurred on Saturday last ►t the Bavarian Legation in Hill . reet, Berkeleyequare. The rumble dammed was in bee 95th year. The Duke and Duchess of Athole are expected to arrive in town this evening from Portsmouth, when the duke and duchess have arrived in her Majesty's troop steamer Urgent, from Curia. On Saturday evening a telegram from Falmouth announced the safe mind of the ship in the Channel. The Ea! and Counteea of Warwick and family arrived on Saturday at their house in the Stable-yard, St. James's, from Bingham Villa, Richmond. The Earl Russell was in attendance at the Foreign-ofiloe, am Saturday, sad saw hie Etoellesey the Peruvian Minister and other members of the corps diplo atatlque. The Earl and Countess of Cardigan have arrived at Newmarket from Dome Park, where they have been re ceiving a select circle during the hat fortnight. Lord Houghton has returned from the Continent and has left town for Fryaton Hall, Yorkshire. The Hon. Robert and Mrs. Lawley have left Thomas's Hotel, Berke'opaquely, for Newmarket. The Right Hon. the Chancellor of the Exchequer has joined Mn. Gladstone and family at Halyards. Castle, Flietsbire, from atteedaime on the Queen at BelasoraL Lord Dufferin will (says the Observer) probably succeed Lord Wodahoole u Under Secretary of State for India. 'though no acttml change has taken place, it is likely that Mr. Wood. who is attached to the suite of the Prime of Wales, will succeed Mr. Waldegrave Leal* Kr., as Private Secretary to Bir George Grey. The little difficulty between the Marquis of Donepll and the freemasons has been settled. The Grand Locige of Ireland has received oommunications from the sable marquis containing assurances, given' in the frankest manner, that in the observations which he made on the occasion of his installation at BaNist as Provincial Grand Master he had no intention whatever of infringing a funds. mental rule of masonry, and enslaving him sincere regret for having done so. The amen* has been offered by his lordship in terms so unreserved and emphatic that the Grind Lodge have accepted it in a generous spirit, and dis missed the subject. They have deemed it right, however, to address an admonition to the masonic body to avoid any discussion calculated to produce disunion in assemblies of Preemie:ea, and also impressing upon the brethren gene rally the neeensity of excluding all persons sot belonging to the order from meetings convened to carry out the business of this ancient institution. The Rev. H. Hulest, who during the past three years has occupied the office of principal chaplain to the forces at Aldershott, hu beau tr►nsferred to Hounalow, to succeed the Rev. Mr. Hodges, appointed to the priocipl chaplaincy of Aldershott. PROROGATION or PARLIAMLNT.—The Lord Chan cellor sad the commiasioners who will be appointed by her Yeasty assemble in the House of lards on Thursday next, the 13th inst, for the purpose of proroguing the Impend Parl''iment until Friday, the 11th of November. There seems to be misapprehension in the pub'ie mind, and erroneous eaten sots bare appeared in reference to the duration of the present parliament It was "begun sad holden on the 21st of May, 1859," sod will sot legally expire until the close of next year. The last wee the " sixth " session, and as parliament is sepleanial, "gene," cannot be holden. Aocordiog to the usual practice, the diseoluidon will take place next sprior, sod the new puFa rreut aseemble in November following for a short time, and then adjourn to February o- March for the transaction of general buainess. —Observer. GRA-ND BALL TO THE OFFICERS or COLCHESTIR GARRISON.--Go Friday evening a ball on a handsome and extenaive ma's was given by the gentry of Colchester and the musty of Eileen to the officers of Colchester garrison, in return for a 'imae complimentary entertainment given by the gallant officers a year aims. The stewards included the high sheriff of Shot:musty, the mayor of Colcheete•, the high steward (Mr. .1. (kudos Rabow), Major.Genend Sir Thanes Seaton, K.C. 8.. Sir Claude de Creapigny, Bart., Sir Thomas Birch Western. Bart., Mr. C. Do erne, M.P., Mr. T. J. Miller, M.P.. Mr. P. 0. Papillon, M.P., Mr. T. Sutton Western, M.P.. kc. Aatoept the company. ooropriaing upwards of 300 ladies and gentlemen, Colossi Dickson, with the allows of the 16th Lancers, and the infantry ofllcien of the garrison, were amapienous in their rich 'varlet uniforms. TeX firtitttimtrAtioir OF SOUTHAMPTON. --Tbere me now Ere candidates for the representation of Sonthanip. ton et the next general shelties. via, Alderman Rees and Mr. Segment. the sitting menth er . for the lomough, east Yeses . Mesas. Russell Gamey, G. Madan (LP. foe Henan), sod T. M. Malay. lATEt3T INTELLIGEI , IOE. AMERICA. GENERAL SHERIDAN'S PURSUIT OF GENERAL EARLY. The Royal Mail steamer Arabia arrived at Queenstown at 6 a.m. yesterday with 56passengers, 18,280 dola. in specie. She landed 84 sacks of mails, 44 paseengers, and proceeded at 6.15 a.m. All well. The Arabia was detained 15 hours off Halifax in a fog. She brings New York dates to the 29th ult., and telegraphic news, vill Cape Race, to the let inst. On the 26th ult. the Federal Secretary of War published the following information relating to the pursuit of General Early by Sheridan : SZCILVTART STANTON TO °MURAL DII. War DaPartrama, Waahinatoo, D.C., Sept. 26-10.30 am. Major-General Dix, Despatches from General Sheridan up to 11 o'clock on Saturday night, dated six miles south of New Market, ban been received. He had driven the enemy from Yeast Jackson, without being able to bring on an en sogagement. The enemy were moving rapidly, and he had no cavalry present to bold them. General Torbert bad attacked Wickham's force at Luray, and captured a number of prisoners. General Sheridan found rebel hospitals is all the towns from Win chester to New Market, and was 80 miles from Martins burg. Twenty pieties of artillery were captured at Fiahee's Hill, together with 1,1110 prisoners, a large amount of ammo- Mike, caimans, limbers, &c., and a large quantity of in. trenchiog tools, small arms, and dans. No list of the captured esakariel hem yet been received. The small towns through the valley have a great many lof the rebel wounded. General Stevenson reports the arrival at Harper's Party of a train of our wounded, twenty captured guns, and eighty additional captured offloers. Brer.kinridge has gone to Mite command of the rebel department of the south-west. Despatches received this morning from General Sherman's command state that Hood apposes to be moving townie the Alabama line. A strong force of rebel raiders were reported to be operating against Slierman's communicationa, and had captured Athens, Alabama. Vigorous exertions werr being made to overtake and destroy this force. Jeff. Davis is reported to be at Macon. Reports have also been received from Major General C►nby. General Steele had been 'Measly reinforced and token the offensive. Despatches from General Grant, dated at 10 o'clock last night, report no military operations. The above comprises the substance of military information proper for publication received to the pretest date by this department. Evens M. STAIROST. Secretary of War. The New York Herald publishes accounts from its special correspondents of the battle on the 22nd. One of these sketches is u follows : Ilead-quartere, in the Field, Sept. 24, 1864. From the defeat at Winchester Early withdrew hie forms to Fisher's Hill, leavt.g mat of his wounded in the battle of the 19th and those which had accumulated from the various combats of Crook end Averill in our hands. At Fisher's Hill he rested his right upon the Musanuttec Mountain, and his left upon North Mountain, having his front, about three miles in length, covered by strong natural pd artificial deems. Hie right, which was about one mile in advance of his left, wee considered almost im• pregnable. On the 21st an importmt position in front of the enemy's centre was gained by Weight's corps. On the 2 2 nd the main attack was begun by • strong demonstration by Emory's troops on the miemy's right. About noon, or a little later, Riekettem division of the 6th Corps advanced and secured some important heights in front of the centre, while Averill's division of cavalry attacked and drove the enemy at • gallop from his advanced position on hie left one mile back into his main works, and held him there, while Crook'. corps, which had been concealed during the day, was transferred in the rear of Averffl's division to the enemy's extreme left. At 5 in the afternoon Crook and Averill stormed and carried the works of the enemy, the cavalry leaping the barriers erected by the enemy, capturing two battle flags, four guns, and over one hundred prisoners. While Crook swept towards the enemy's centre, the 6th Corps attacked, followed by the 19th, while Averill sent along the base of the North Mountain outward seven miles, captarod 175 cavalry hones, 4 caisson., 14 waggons, 8 ambulances, and • number of fugitives. The enemy, having probably learned of the movement upon his right and rear, had commenced leaving this position some two hours before oar attack. His departure was so hastened that he was compelled to leave 16 guns and over 1.000 prisoners in our hands. Yesterday morning the pursuit of the enemy was promptly continued by oar cavalry, and he was found in position at Mount Jackson, 25 miles south of Fisher's Hill, where he seems disposed to offer a stubborn resistance to our further advance. Yesterday morning Early's rear was overtaken near Hawkins'•bridge by General Averill, with a cavalry division and the brigade of General Devine, and driven to the town of Mount Jackson, where his entire force was found in pommeling. Major faddy, commanding two batulioes, was captured, with several privates. Our cavalry pressed the enemy with great violence and success, until be brought an infantry division with artillery, and they held them in check, until the arrival of the Sixth corps, which found them in the same position, offering • stubborn resistance to in advance. Winchester is described as " one vast hospitaL There cannot be less than 5,000 wounded in this town at the present time. Every hotel and vacant store and house is full and overflowing, and the groans of suffering humanity are really awful." The Boston Journal says :—" The demolition of Early's army in the Shenandoah Valley seems to be thoroughly accomplished. The route to Lynch burg lies open to Sheridan, unless Lee transfers thither strong reintorcements, which would cer tainly give Grant all the occasion he could desire for a decisive dash at the remainder of Lee's army. But the new situation is so broad and novel that it is impossible to say what events are next to rise. It is manifest, however, that the present phase of affairs comes in the Nikes, of time, having been foreseen by the lieutenant-general. For instance, while Sheridan has been executing his series of victories, General Burbridge has been marching out of Kentucky through Pound Gap, headed east ward, and a forward movement has been going on from Knoxville. These things point to a junction with Sheridan in the neighbourhood of Lynchburg, the putting of the Virginia and Tennessee Railroad in order, and possibly rapid transfer by that route, if necessary, of a portion of Sherman's army. The importance of such a combination will be seen at a glance." CONFEDERATE SUCCESSES IN ALABAMA. The official reports from General Sherman's de partment state that Confederate General Hood was moving towards the Alabama line, and that a large force of the rebels made an attack upon Athens, Alabama. They were commanded by General Forrest, 8,000 strong, with 10 guns. After a fight of two hours, the Federal troops, under Colonels Jamison and Campbell, were compelled to sur render. Several buildings ware burned, and a de tachment of Union troops, sent as a reinforcement from Deatur, werecaptured by the enemy. The Con federates in this district &recommended by Generals Forrest, Roddy, and Wheeler, the latter of whom is said to have gone to join General Hood. At last ac counts Forrest was moving on Pulaski, and heavy firing was heard in the direction of Sulphur Branch. Athens, which Forrest is reported to have cap tured, and Pulaski, against which he was moving, are not on Sherman's line of communication, but are outposts on the Tennessee and Alabama road, southwest of Nashville, which is used only to supply these places. The Chattanooga road, over which Sherman receives his supplies, runs in a south-easterly direction from Nashville, passing through Tallahoma, and intersecting the Memphis and Chattanooga road at Stevenson. RICHMOND. The latest Richmond papers admit a defeat in the valley, and give their loss at 2,500, about 500 of whom were prisoners. Rhodes' division lost 1,000 men. They state the Union loss at 8,000 to 8,000. Generals Rhodet, and Godwin were killed, and General Fits Lee and Colonel Patten wounded. General York lost an arm. To the question, "Are the rebels shut up in Richmond 7" the New York Herold replies, " Most emphatically they are. Not by the mere fact that Grant lies on one of its railroads and that Sheridan is likely to seize the other, but by the greater fact that through our successes everywhere there is no Southern Confederacy outside of that city. It is the universal recognition of oven Southern men that the loos of Richmond is the less of the cause. This fact shuts them up in Richmond, and there they must finally fight it out. To surrender and to leave that city is the same. Is Richmond in danger I Ask those Richmond editors who de nounce the Georgians for their disposition to leave the fight after having dragged Virginia into it. Ask Early's fugitives flying for their lives from the terrible pursuit of Sheridan. And let Davis ask Lee, wearily watching a line forty miles in length with 40,000 men. He can tell him that there never was a city in such danger since the salvation of Sodom depended upon whether or no there were ten Jews in it." INVASION OF MISSOURI BY THE CON FEDERATES. The news from the south-west confirms the re port^ that the Confederate Generals Price, Kirby Smith, and Shelby are making determined inroads into Missouri. Calls to arms of the citizens of Missouri bad been issued by Generals Roseman. and Pike. Price is said to have 30,000 men, and Smith, with 10,000, is to join him in the central portion of the state. CIOXIOROIAL INTFIXIGENCE. NEW YORK., Elin. 27, I'vzosa. Money easy. Gl* declined yesterday under • panic to 185, but rallied this afternoon to 198}. In consequence of large speculative sales stocks de clined from 3to 10 per cent, but recovered this afternoon to the following quotations :—New York Centrals, 116} ; Illinois, 1191 ; Erie, 944 ; United States 6.20 Bonds, 108 f. NEW YORK, 13m. 29, Evsaroo. Money easy. Violent fluctuations of gold have taken place since Monday, between 183 and 204, in consequence of unfavourable rumours. The final quotation this afternoon was 196 f. Large specula tire sales have taken place in stocks. New York Centrals, 117 ; Illinois, 119 ; Erie, 961 ; United States 5-20 Bonds, lON. Cotton dulL Middling Upland, 125. Flour and wheat heavy. Corn dull. Provisions tending downwards. Coffee inactive. Sugar steady. Molasses heavy. Petroleum : crudes 39 ; refined, 65 to 671. NEW YORK, Om 1, Grant reports that Warren yesterday carried the enemy's line on the right, and was following up his SWOOSH. General Meele has moved from the left, and carried the enemy's lines near Poplar Grove. Butler has repulsed an attack on his line. The operations on the north aide of the James River are encomia PEACE RUMOURS FROM GEORGIA. The Sunday Journal (Louisville, Kentucky) of the 26th says it is stated, on trustworthy authority, that Governor Brown, of Georgia, has tendered peace propositions to General Sherman. The general has appointed commissioners to go into the rebel lines to confer with the state authorities of Georgia.. Governor Brown, it is believed, is sus. tamed in his policy by Vice President Alexander H. Stephens, who is operating in the back-Leound. The commissioners are said to be already in con ference with Governor Brown, and the peace pro positions will soon be forwarded to Washington for the President's approval. The government, apart from newspaper publications, states, however, that it has no information of peace propositions through the lines of Atlanta or from any other quarter. BUSINESS PROSPECTS AT THE NORTH. The New York Herald of September 27 has an article entitled "Everything coming down with a crash." in which it says : Cold bee been coming down for several days past, and is now coesidembly below 200. Before keg it must be 140, which is about the legitimate premium. The prices of every thing me coming down with gold. Stewart has marked his goods down to two hundred, hat he must mark thom lower now that gold has again fallen. Provisions are coming dowo. The butchers and bakers are ooming down. The tailors and hatters and shoemakers are coming down. Those who went to buy should wait for the crash. It will soma come. Speculators and speculating meratients and speonlating dealers are be ginning to come down, and the people generally will be benefitted. Everything is coming down, and coming down with • crash. The mason of all this is that the rebelr on is ooming down. The Boston Journal of Sept. 26, siting with more gravity, says : The fall M gold has produced a complete stagnation in business, but this will probably be bet temporary. Goods were in fair demand before the decline, and traders sad the public are only waiting for the gold bash to become steady. There are some who apprehend a financial revola tion, but business was never upon a more satisfactory basis. ' We owe but little abroad, and trade has been gradually working into the cash or short credit system at home, The currency will not be materially contracted at present. Speculators who bold large stalks of various article. will doubtless feel the pioch, bet those who have been doing a legitimate business, and have exsrcised ordinary foresight, long since made up their minds that the vane of their stocks would shrink, and they are proper- d for it. Every thing is snug with them and they can offset the diminish' value of thr• stooks in hand against heavy advances during the past 18 months. With a good basis a capita, and doe steelier' and caution, our merchants and traders generally will stand this shock, and another end still another until business again settles down upon a specie basis, which will not be for some time to come. In the meantime the war will not be closed at once, although we begin to see the end. Government expenditures molt continue large for some time to roma and when pesos is re-established the demand for goods from the South will keep our mills end workshops going, and the much dreaded era', will prove but a bugbear of the imagination. oor views are ban 1 upon the supposition that the present administration will be reaectr I and the rebellion subdued. If the pesos party gods contra and lets the South " depart in peens," we may makeup oar minds for a preotistion of Inclines' which will affect all classes— merchants, mechanics, farmers, and labourers—in abort, for the utter ruin of the industrial interests of New England, if not of the whole North. REPULSE OF THE FRENCH BY CORTINA. New Orleans advioss of the 19th state that the French force sailed from Bagdad, Mexico, ou the 12th, in five steamers, for M►tamorss. On the 14th they had an engagement with Cortina, and were repulsed with severe loos and returned to Bagdad. LATER NEWS. IMPORTANT MOVEMENTS OF GENERAL GRANT. (uonz's Taxalux.) NEW YORK, am. 29, EVINING. Grant reports that Ord's corps advanced this morning, and carried the strong fortifications of Chapin's farm, capturing 15 guns and 200 pri soners. Ord was wounded. General Birney ad vanced simultaneously from Deep Bottom, and carried the Newmarket road aid entrenchments, scattering the enemy and taking a few prisoners. Birney is now marching towards Richmond, and has arrived at Junction-hill. The Newmarket and Richmond roads and the whole country are full of field L.rtifications. There has been no direct communication with Sheridan for several days. Guerillas have captured his couriers. Southern papers state that Sheridan's cavalry is at Staunton and Waymesboro. Forrest has de stroyed Sulphur Springs. Trestle has occupied Elkhorn Bridge, and captured two trains on the Chattanooga Railroad. He has now moved off toe ards Fayetteville. Rousseau is returning to Nashville. Price has captured Potosi, Missouri. The com munication with the Federal garrison at Pilotknob is cut off. Twelve thousand Missouri militia are under arms. Secretary Stanton urges the people to encourage enlistments, to enable Sherman to hold Atlanta and advance still further. A man meeting in favour of Lincoln was held at New York. The Nova Scotian has arrived out. COMMERCIAL MTELLIOMCE. NEW YORK, Oar. 1, ArrisacooN, . . Gold, soi per cent. premium. Stocks depressed : New York Centrals, 1134 ; Illinois, 116 ; Erie, soi ; United States 5-20 Bonds, 1071. Cotton dull : Middling Upland, 120 to 125. Bread/tuffs heavy. Petroleum : crude, 39 ; refined, 63. (From the nee' Telegram) Gerona 1. General Warren advanced against and carried the extreme right of the Petersburg entrenchments yes terday. General Meade also advanced and occupied a position near Poplar-grove Church, on the Peters burg and Lynchburg Railway. The Confederates attacked Ordforth, on the James River, yesterday, but were repulsed. No further movements by Birney. General Price continues his advance into Mis souri. No engagement has been announced. General Forrest has commenced destroying the Nashville and Chattanooga Railway. Gold, 192. General Sheridan was at Harrisonburg on the 29th, and at Charlotterille on the same day, re inforced. Gold, 1891. (utrisa's THE FRANCO-ITALIAN CONVENTION. PARIS, Ocr. 10. The Conotitutionnet of this morning in an article signed by M. Limaynic, opposes the views of ex treme parties who see in the convention the fall of the temporal power and the abandonment of Rome. "The convention," says M. Limayrac, "will be executed in letter and spirit. Thinking otherwise the ultra-Italian press grievously insult the King of Italy as clothe clerical press, the Pope." PRUSSIA. BERLIN Om. 10. The Crown Prince and Crown Princess of Prussia have abandoned their intention of visiting Nice. Their royal highnesses will proceed to Switzer land, and will have returned to Berlin by the 22nd December neat. Herr voa Bismarck is expected to arrive in this capital from France on the 28th inst. Baron Budberg arrived here yesterday evening, and proceeds to-morrow to Darmstadt to join the Emperor of Russia. Letters received here from Kiel say that " MM. Samwer and Franoke, present advisers of the Duke of Augustenburg, have heard the rumour of their approaching dismissal solely from the newspapers, by whom the report has been spread. M. &rawer is on leave for several days, after which be will resume his functions at Kiel. M. Francke is still in that town performing the official duties of his position, which he has not the slightest cause to Aga" Besides the races that have recently taken place at Offend and at Brune* those which haws jest Gone off at Liege have been attracting groat notice wad largo anew blame of the people. Jodi* from tLa IMMO of the bones, it would be supposed that many of them were of English blood, as among them an Welldone, Nancy Bell, Piggy Wiggy, Tam Tam, Fairntock, Sinecure, and Ludy Deserters continue to bring stories of the great suffering of the people of Richmond teem waist of the nemmaries of life. Extreme discouragement prevails on amount of Early 's defeats. During the recent military operations in the Shenandoah Valley the Sanitary Commission bu had • large force of experienced agents ministering to the wounded sad distributing stores among the hospitals, The U.S. steamer Tennessee has had an exciting chase after the famous blockade runner fiusaanah. Thelattee we obliged to throw overboard bar whole eerie of cotton and then her chaise, furniture, /re. Still the Tennessee gained on her and fired several shots. Night ootning on however, she serapsd. A force of 15,000 Confederates under General Standwaite recently motored a train of 200 waggons, loaded with government stone, at Cabin Creek, Kamm. The dem, numbering 80 urea, after a short roadway, dr reedered. Biddies/as destroyed meet of the train, sad moved northward towards Leavenworth. Admiral Farragut, at last acsounta, waa engaged in removing torpedoes from the harbour at Mobile, sad had succeeded in the removal of twenty-one. No immediate attack upon the city was ourposed. The Confederates were engaged in strengthening the defences against a land attach, and iu mounting heavy artillery upon the Dog River batteries. TOR JOHN BROWN FAMILY.—MII. John Brown, widow of him whom mail is travellieg ca, with her eon, Salmon, end his wife and three daughter, have left their home among the Adirondac Mountains—where John's "body lies mouldering in the dust," together with his moue, who were shot at Harper's Ferry—to seek a new boon in Odiforoki. They undertook the journey vil the overland route, taking with them some cattle sad Vermont Arms woolled sheep. There is a painful rumour, not yet eon firmed, that after leaving Missouri, it having been maw tained that they wen John Brown's family, they were put 'tied by Missouri guerrillas, captured, robbed, and mur dered. The homestead is now occupied by Mrs. Brown's brother. —Born notes ( Vt.) Times. AMERICAN Bl,OcLADK—HauFar, HUT. 22. The blockade mamas the Lady Stir'Mg sad the Anatole( cleared for Bermuda yesterday. The Little Hattie. which tailed a few days Mace, returned to.day. Remittal, Sept. 17.—The Denbigh arrived as the 15th from Galveetoo, mid the Simone, as the 12th. are days from Houston. The latter started with 325 bales of cotton, bat reached this port with only 73, having throws the balance overboud to facilitate ber moans from a Federal «Meer of Cape Sea A ntoeio. The Federal steamer Honeyesekle reports the captam al the Matagorda (formerl the Alice), with 600 kales of cotton, and the arrival o f the prise at Hey West. The Matagorda was from Gairsetoa for this pert. It is stated that in the Stet two veers of the pre. seat war, 28,C00 walnut tress were fellid to supply a Ines Europese niseefaelory of gunatocks for the Aneurism market.—Nar York Paper. The Antoeheag Company received, last week, orders for a steam fire soothe for China, sad far three for Washiness. More than lOg steam fire melees haw* bele built by this compsey including two fur Lenges madam fur Manda.—Ners Fork Paper. THE 111018TR4TION8.-(THIS DAY.) OITY OF LONDON. The revision ciiLeisti7Oihouse hold voters for the city of Loudon we. resumed this morning, by Mr. A. Harmon, the miles barrister, in the Court of common firs, at pond haLL Mr: Sidney Smith and Mr. (harp Ledger again Weeded for the Liberal Registration Associatioo, and Mr. Nelms Ml=tad the oxiservatives. parish of St. Michael, Paternoster Royal, a claim was tendered on behalf of Mr. Sdvano Francisco tale O PICIRM, in respect of a oonating•house situate at No. 25, The Barrister—l ass that he ia on the Bet already. The Ovenear—Yes, that is so, but No. 25, College-hill, L not in the parish. Mr. Ledger—Not say portion of it! The Overseer—No, although it is close on the boasdary. The Barrister—How is it that the name is on the list if the countiaphouse is sot In the parish The Overseer—lt is a mistake. The Barrister—il74l should think so. Well, you bare published the list with the name inserted in it, and I cannot expunge it. But I suppose you will take care that it le corrected next year, and that the nem appears in the proper hit. The Overseer—Yee, sir, that shall be done. The name was aoooedingly retained on the list, although there was no qualißoation in the pariah. SOUTH WAB.K. This morning Mr. John Harrell, the barrister appointed to revise the list of voters for the borough of Southwark, held a court for that purpose in the Board-room of the Bermondsey parochial offices, Russell-street, Bee. mondsey. The number of claims and objections in the borough follows :—St. Mary, Botherhitits, 2 claims, no objections ; St. Miry Magdalen, 4 claims, 1 objection ; Christchurch. neither claims nor objections ; St. GeorgmtheMartyr, claims ; St. Olave, nil ; St. John, 2 claims ; St. Saviour, 7 claims ; St. Thomas, nil—total, 58 claims, 1 objection. In St. Mary Magdalen one objection was sustained; in Mary Rotherhlthe one claim was disallowed ; in St. John's the claims were struck out. and in the other parishes most of the claims were admitted. The proceedings were devoid of public intermit. A fatal accident occurred at Alder•hott during the fleld-day operations in the presence of the Doke of Cambridge last week. A man named George Jackson, a private belonging to the Royal Dragoons, was thrown from his horse, and unstained such severe injuries that he expired • few days afterwards, and was buried on Friday with the usual military honours. Professor Anderson makes a very fair offer to tile Davenport fraternity. He mys :—" I offer them the use of St. James's Hall, illuminated as it it daring my own per formances, for any night they may select, if they can then and there perform—l care not by what means—the tricks (I mean no offence in the word) they now do wider the cover of darkness, and, aa I believe, with the asaistance of confedeeates (else wherefore the darkness 7), I will not only acknowledge their right to take any name or assume any attributes they think proper, but I will pay the sum of one hundred pounds into the hands of the Lord Mayor for cha ritable purposes. I than offer them as opportunity of shelf. fying the public that they do pommies such attributes as war rant them in assuming the supernatural agency they are laying claim to. Of course, should this challenge be sc. copied, I reuse-we to myself the right of explaining any natural means or appliances by which the tricks are per• formed." A correspondent writes to tts :—" At the Hamp shire markets last week the chief talk among the farmers was about the agricultural apes her of Yr. Disraeli. His proposal to breed Cotswold with Down sheep was noire/. sally disapproved of. The former ia a very large animal, and the latter is a very small one, and no practical farmer would mature on violating obvious physiological rules by breeding one with the other. In lambing season the small ewe and large lamb would perish, and the right how member for Bucks would find, if he tried his plan, that when the time came for his flock to be doubled he would have nothing left alive but his solitary Cotswold ram." FUNERAL OF A VETEBAN JOULNALIST.—(THLS Dar.) —This morning at 10 o'clock, the remains of emetics . Andrew Toffees, one of the principal shareholders of, and for many years resident manager of, the Globe nempaper, were removed from the office of that journal for interment in Kermd-green Cemetery. The captain, who was 76 jean old, was formerly an officer in the army, and was brother of the °slanted writer on political economy, Colonel Tames, F. R. S. LIFEBOAT ENORAVLNO. —The illustrated Lan do* Neu intends to publish with the number for the lbtai inst. • large coloured engraving from no engird and epeeist thawing in water colours, by Edward Duncan, Fr., member of the Society of Painters in Water Colones, the subject being "The Lifeboat off Tyarsouth Bar." Tits LATE MR. Grms-Pvturs, BL P.—A strunel_ window to the memory of the late Mr. GileePollar, for Hertfordshire, is to be placed in the parish church of Standee, Hertfordshire. As the subscriptioo was I than was required for the purpose. the surplus is to be T voted to the enlargement of the Highror Church Schools. OPENING or FARNWORTH-PARL. —The young Earl of Ellasener• and Sir James P. Hay-Shattlewortie, the high sheriff of the county, have (says the Manchester Courier) aceopted the invitation of the Faraworth kcal board to be present at the opening of the public park on Wednesday, the 12th tint. Mr. Cobden, M.P., states that he has so frequently to decline attending meetings on public occasions, that he should give very serious offence to friend, should be attend oo this occasion. He is under medical injunctions to avoid public assemblies, the only exceptions being • meeting once a year with his coostituenta and attendance in the Hour of Commons. The Lord Bishop of Manchester u expected to be present, and will offer up the dedicatory prayer. Mr. Gladstone is expected to arrive in Bolton from the rah on Tuesday afternoon, the 11th beet., and bra consented to receive an address from the C° tion of the borough. 7 °f Ai l AL AOCIDENTS ON THE MIDLAND RAILWAY.— On Friday morning last a fatal accident occurred at the Soeinton Crossing of the Midland Railway, near Notting. ham. A few minutes past 11 o'clock • train left Notting ham for Lincoln. and wheel about 50 yards from the wood gate-Douse (about half • mile from the tows) the engine driver saw a man come through • little gate an the line as it to an.. The driver blew the whistle several times, but the man paid so attention and walked on. The tram was stopped as quickly as possible, but not in time to pro vost na incident. The buffer-plank knocked him down, _and the whole of the train went over him, mutilating his body in • frightful manner. When taken up he was quite dee& Deceased was so old man, 74 years of age, named James Blair. An inquest was held on Friday night, and a verdict of " Aocidentel death" returned. An accident, which proved instantaaeorely fatal, occurred about 11 o'clock on Friday night, at the Duddliera Mill oressiag en the Midland Railway, between Btreregbam and Maltby. A sawyer, named John Franklin, employed at Memo. Clayton's works at Batley, was in the sot of armor tb• lice, when an =se zhiob had bass engaged in shunting some mangos, ly rushed by the ercosing, and the fore part of the engine striking him unawares, be was knocked down and killed on the spot. The body of the orfortuate men was ntfettl mangled, his legs and the lower part of the being severed from the trunk. EXTRAORDINARY DEFALCATIONS OF THE SEMI.— TART or • BUILDING Socurrr.--Sonse menthe ago Mr. James Duerr, for many years the secretary of the Bagley, Shipley, and Morton y ears Benefit Build* Society, saddirly disappeared ; and at a meeting of the members of the society held the other evening at Stucky (Mr. Freres Betterfield in the chair), to report the resale of an itiverigatim of the affairs of the society, it was reported by Mr. J. Todd and Mr. Aadersoe, who bad carefully examined all the books and made a 'took searat, kr., that it can be clearly shown that the eau mans sum of 1.8001. had been abstracted or misappro priated by the late secretary. Mosey entrusted to him to pay into the society be had retailer. Hs had alai collared rents unknown to the committee, and bad various other nefarious practices defrauded the society and members of this sower of money, appropriating it to his ova are. Owing to the great progress made by the society of late yeses, however, t h e stock account showed it to be is a much better position than bad been anticipated ; sad the committee of management were is hopes that, uedier• more careful supervision, past misfortunes may be retrieved and a wider measure of usefulness achieved. The meeting was addressed by various gentlemen. Courses opinion as to the best MUM to be pursued in the present erisis was also reed. Considerable discussion arose on several points. A committee was appointed to revise the rules, with • view to =t similar frauds in futu re . For =my ran Mr. rt largely enjoyed the confidence red good opinion of hie fellow-loweetnen of Bieeley.—Meachareer Exeriner. GlOOllB 017TRAOR ON INFANT CHILDREN AT RUN CORN. —At the Baron liew.eoure on Friday, before Mr., Whiteway and Mr. Thomas Johnsen, Thomas Josse s ' laborer, of Penningtosee.row, Remora, • widower, about 28 years old, without childrse, was brought up in custody charged with resulting Mary Burr., aged seven years, Elisabeth Rowe, aged eight yams, Mary Ellen Boyle, aged eight years, Sarah Bowdon, aged seven rea l and are months, and Sarah Frances Jesse, his oleos. sEGE six years sod Moe soothe, sad importing to them a loath. same disease. Inspector Watson redacted the prosecution. The details of the evidence, which were gives is as delicate a menthe, as possible, were of the moot revolting and die. • rag shaneter, rad utterly mitt tor pablisatioo. Mr. physician and surgeoa, of Romani. gave eraser as to the redition of the firstaiuned four children, and Mr. Oarrathen, surges, of Haltom, spoke as to the 'audition of the Weer one, • most pierant•lrking sod istarestiag child. which bad to be conveyed to sad from the court is • Trier. The primmer was committed to take his trial on the whole five Ames at the eosin Mann at Chester. Is addition ho the ahem, the primmer hod also asesalted is similar manner two other ides* one aged two yearn and Mae Eleathe sad the ether In. years. DI II- Tferbeili totin-equare ()windy. E deny, s goods °big fit* bsalcrw dent sitting Honour sdfi iNgigneee• The bank the sitting f Kr. Chad amounts be with rood' The banks Lewis, of Gi counts, but Iil; • The beak Chaim, hi Beiag fined 2801. Mr. Blake mosey, and appeared ice The bank, foe bis disch year be had been chat up NC, mad bou amble him t mouths, find tents of the Order gnu The bank? Royal Navy, for exaraboo Mr. Bowel rapt had be that &djudic Adjournec Maria Si Husband-au Tyrwhitt on oat a haanst Police-car morning we o'clock. I thing to drit who also as serve the A woman glum of money. Sh gin, for whi, which I pak attar ten, al two men wl I was served Prisoner— Skim— tealsy I hat Priicww— they skid ill boss loft w Mr. Scott Dam& re= sek° Sr Huebeeed-et eater* the I rid," W " Sta " Bailing ge n 3 each this what it had 1 then told On werchin with wow e and while new her pit of the sista Botcher, trforuxri which had 4 in it. Thei sad some ai The pried was brooghi That& was and she war it, as she (Laughter.) Inspector B: ws don Mr. Tyr' ikons, who heavy expe I shall fine could have THREE Thin m Coroner, r Norton-foll born rail& The dnt child folio through of The body than a bri, bad di of or doomed PoPlor, as (T'leadti) Anotiiir o =I n Sunday I t seam piece eerier of who was w A third &omen Harsh Wei taken wit! body of • I bedroom. of the bod the mane t As the this tection part de Elinuol sad this Police eon mime beta mus t No. Wood wir which we his mac hat was sod Chick sail sod street, 7 rall ean ro u Oa mono Peened a; 20 feel by make ha ever. pia hrgaillat pnm swims- for the Fy Hee lb stroyed. !mother I Mr. F. 24, Otiii• P a r.CU, Dy 051 a of the Cu Jingoish i the ado so serious the Germ Am= Company Yor °eg k o, & InA also I 'United 8 Peel Poet Fun. T with the Chieedie n ellaiel 6011111. aim ariftuday bib, rosy 11l