The Express. — London, England, 1858-03-23 00:00:00

TIM DAILY NSW: LONDON MORNING se ill i ail=4MhairrreilCtiginisk rd b.t . " W ira l eAdri=le •• ••• rr ih amiLehd a W:La: web** h he dig, =moan riblo—lis Noir b ma. IMOILIUON ITN 5 .... hjb timurw ied La abiedboh orb me.* la Ye loam Om b bp la by ••w7 oy.rbod NO. rb. TAR OS LT DAILMILI MOST. MO IT LU lI.:Zs. NN LIA 0 CPWII ADVIRTIONI3b TiL h b lo4**ab Ivei s ibLi o Usby Vhar a i=rtifi l alor a masa a* N asumbb la he awls*: of * a t hp aloft 101•8 • ishb. Ow la Ser g t=hoehb the =I logibeftle Ns* IN Illa m germ FY In * 'WNW* ads get expreo%. liserimisby bombed isr Mg .116 IlebouV.Losiya Y ilMine pew. ma be et Ss Moe. 111. assiedbroom. by ee Vasa es tbs dyablimblia KATMAI= Tam LOT' MAI& Mims. Ohm. rad OM: Ulm& llvaa7j/LOILI CIALKTON.—Pft SP AT 1111% brinuss; Muftis. jemigh.—Aiii 041.1011 AX —ti Com M e mirl. mtimm ?" M a tts 6 . 3l —"11 bre roll, km". ummon. BMA% mid NNW: lie 0- Mfrs. TlT=—Oges r i PIA 41. BURLEY. Twie trams. STILL WATIIN RUN DRIP. Sam Oew.let. Teri• Vain; NM N. Nberes.—LA —TH3 CROWN Jr. Mb;.—Aal TSB BOWLS IMP. Mena arm Min sod WYMlsamb ; Ms M. libiems.—dirmon tat balepso • HIGH WATER AT LONDON HEWN. Tim DA r - Maui& M. Ss. Maus% es. Na. TO-11011.11011—ilarals& I. la. .£ ..I. Ili. Ms LONDON, TUESDAY. MANCH 23. MONCITON Maass is to all the attention of the House of Commons, to-night, to the vexations to which British subjects are exposed by the late altera tion in the passport system in France, and to move for a copy of such correspondence as may have taken place between the two Governments relating to such alter ation. The more the attention of the British Par liament is drawn to this matter the better, for it would be difficult to exaggerate the amount of annoyance and inconvenience to which British subjects are exposed in consequence of the regulations alluded to. The French purport system, however, is to a certain extent the affair of the French Government, sad it that Government has determined, in the exercise et a friendly policy and a wise discretion, to throw every kind of impediment in the way of that influx of British citizens into France which has hitherto been generally supposed to have been more beneficial to the pockets than de trimental to the polities of our neighbours, it is pretty clear that we on this aide of the Channel shall neither be the greatest sufferers, nor have the gravest ground of complaint. As far as our pleasure tourists are concerned, the change of system will be likely to tell most disadvantag eously on French railway., . _ French hotels, and French shOpkeepers. Wales and Westmoreland, Devonshire and Derbyshire,our inland spas and oar sea-aide bathing places, will be looking •p ; nor, except perhaps in the item of hotel charges, will there be any great grievance in this compulsory exploration of England by the English. As regards the intercourse of business, the vexation and discom fort will no doubt be more severely felt, and it is abundantly certain that no additional hindrance of this kind was required to check the flow of trade which is already subsiding into stagnation, or to reduce still further the reoeipta of railways which have not for a long time been at so low an ebb. There is, however, one point to which it is to be hoped Mr. Mures will not fail to do justice, and that is the way in which Lord CLARENDON, before leaving office, appears to have done his beet to second the vexations regulations imposed on the other aide of the ChanneL It is of worse competent to "our august ally" to testify his value for the English alliance by any measure of internal police which he may see fit to adopt. We may protest, but we cannot interfere. Why, however, in the name of all that is uncomfortable, should we °erosive* aid him in his effort to be unneighbo•rly, by inaeasing the stringency of our own purport regulations. What is • passport? A certificate of citizen ship, and • pledge of protection. Primd facie, every Britith citizen is entitled at the bands of the British Government to such a document as this, on no other condition than the payment of such trifling fee as may be reasonably necessary to cover the cost and trouble of its prepa ration. Why should our Government go beyond this, and annex the further condition that the applicant should have a personal acquaintance with a justice of the puce, • police magistrate, ore banker ? Is it to be said that the right of travelling in foreign parts under the protection of the State is only to be granted by the British Government to such British citizens as keep a banker, or have a justice of the peace on their visiting list ? Is this the ultimate form of the Chia Rom:uts theory ? Is protection to be commensurate not with citizenship but with respectability ? Is no man to travel abroad who " does not keep his gig "at home? It is to be hoped these senseless and vexatious regulations will at once be put an end to : they are creating more ill-will and irritation among low-caste people of locomotive tendencies than the dilettanti of Down ing-street will at all like to encounter. If it is so now, at • season when people no more dream of CLOW ing the Channel than they would of calling Loed (. A LA PAN DON a patriotic Minister, what will it be when the hot months and the long days have set in with the usual consequences, and Mr. BULL and all his family are raging with the Tarantula of travel P Let these things be looked to in time. Our authori ties may not be able to make matters pleasant across the water, bat they may at all events avoid making them needlessly disagreeable here. THE resolution recently adopted, after grave deli beration, by the Bank of England, by which they decline to re-discount the bills of the Discount Houses, deserves all the attention which it has received. It would be difficult to exaggerate the importance of the functions discharged by these establishments, which, now•a-days, are not mere Commission Agents, acting as intermediaries between the person who has money to lend and the person who has securities to offer. They are really bankers and dealers in money upon a colossal scale. We speak of them in the plural number, but, owing partly to the changes produced by the events of last year, there are less than half-a-dozen of these establishments, properly so called, in the City of London; and of these only two carry on transactions upon an important male. In reality, the field is still further narrowed 1 and the alteration at the Bank is vir tually aimed at the old established and eminent firm of MINIM. OVERVID, Gt•inzT, and Co., who mono polies the great balk of the Lombard -street discount business. So extensive is the " connexion "of this house that, upon extraordinary occasions, its aggre gate transactions are said to have amounted to some- thing like a million sterling p er di.,„ ; and even in ordinary times its business is extremely large. Owing partly to the recollection of certain cir cumstances connected with the late crisis, a suspicion has been hinted in some quarters that the Bank Directors, in their present THE decision, have been not altogether uninfluenced by personal motives. This idea we cannot enter tain for a IWallent Tits impartial and admirable conduct of the Directors during the trying crisis of last autumn ought of itself to secure to them per fect immunity from insinuations of this nature. Moreover, had personal pique been the motive, the regulation now enforced would not have been delayed until a period of perfect ease in the money market. That the Bank are actuated by a desire to increase their own business and importance is much more probable. Hitherto the Discount House* have had, virtually, the immense resources of the Bank of England at their back; for, in time of prewar', they could always rely upon obtaining accommodation to any amount upon the approved securities which they were enabled to I offer. By cutting off these facilities, and intimating to the Lombard-street Houses that they must hence- forth rely solely upon their own means, the Bank may reasonably expect to increase both the extent and value of their own business. It is very possible that merchants who were content to deal with and rely solely upon Messrs. OVEREND, GURNEY, and Co., as long as they knew that the resources of that Houss were practically inexhaustible, will now deem it only prudent to have • discount account at the Bank of England, whose position is thus rendered more elevated than ever. On the other hand, persons who see in the alteration at the Bank a fatal blow to the prestige of the firm referred to, labour under a great mistake. That House enjoys the highest credit, and a most numerous and valuable clientelle, the growth of a long series of years. In addition to the wealthy partner whose names are before the world, these are others in the background ; and the aggregate capital at their command is so large that there is no reason why they should not, if they think proper, continue to purchase government stock until they have amassed a very large reserve. If pressed for money, their policy will be, either to sell, or, more probably, to borrow money upon stock. The difference will be, that this reserve will be relatively li mited ; as long as they could fall back upon the Bank of England it was practically unli mited. And herein consists one of the advantages likely to result to the community from the new ar rangement. Greater caution will be imposed upon the Discount Houses, and, through them, upon Coun try Joint-Stock Banks. The latter have relied upon the Discount Houses ; the Discount Houses have relied upon the Bank of England ; and in this way the Re serve of the Bank has really been made subservient to the necessities and encouragement of speculative traders in the provinces. It is not neomeary to as sume that the Discount firms knowingly encouraged irregular development' of trade ; it may be that they looked no further than to the liability of the shareholders in the Joint-Stock Banks. It is perfectly evident, however, that an abuse of the practice of re-discounting is here indicated. The system was clearly calculated to encourage all parties to extend their engagements beyond their means, in reliance upon a higher support. If only for this reason, we think the Bank is justified in adopting a step which, it must be admitted, is amen tially arbitrary and exclusive, and which may even aggravate the derangement of the money market in critical times. High considerations of this kind are indeed requisite to:. the due comprehension of the course adopted by the Directors, who virtually refuse to enter into farther dealings with a customer of great wealth and credit, and who will occasionally take, without the security afforded by the endorse ment of the great Lombard-street house, paper which would otherwise have possessed that advantage. The verdict of approval by which the decision of the Bank has been stamped by many persons, is beaed, however, upon other ground'. Therein no doubt that the system of receiving deposits at interest has been carried to an extreme and unsafe degree of de velopment, not merely by the Discount Houses, but by many of the Joint-Stock Banks in London and the provinces. There has been far too much competi tion for deposits ; the rates allowed have been too high, and the facilities of re-call greater than is con sistent with prudence. The higher the terms paid for deposits, the more necessary has it been to employ them, the result being an extreme disregard of the obligation of retaining in hand a good reserve. A merchant who holds 20,0001. which he does not want to use until a week hence, may find it very conve nient to lodge it for a week with Messrs. GURNEY and Co. at interest; but can Messrs. GURNEY and Co. safely employ the money ? The step just adopted by the Bank undoubtedly involves a check upon this system. Banks and Discount Houses alike will be compelled to look farther forward ; and if the competition for deposits slackens, and depositors are required to give a longer notice of withdrawal, the real interests of the community will certainly be promoted. But. whilst drawing attention to points whereas the new rule of the Bank will have a salutary ope- ration, we confess to an apprehension that too much good must not be expected from it. The causes of unsound trading are very deeply seated; and, when the next speculative development occurs, mone tary facilities will not be wanting. The rules of the Bank are not like the laws of the Medea and Persians. Let us 'suppose a pressure to arise, aggra vated by speculative irregularities ; let us suppose that a great Discount firm applies to the:Bank for an oommodation to a large amount upon unexception able securities. In numerous similar cases the Bank of England have readily extended assistance to establishments really solvent but temporarily em barrassed. Could they refuse to do so in the case 'apposed, knowing that the mere suspension of the House would involve:the fall of hundreds of others, and infallibly precipitate a general crush ? If the new rule is not to bold good in such a cue—and the Bank of England would not venture to uphold it— its assumed beneficial influence must be proportion ately diminished. Trtz TRINITY COLLEGE Iticrrs.—The govern ment inquiry has come to a premature sad ; indeed, it may be raid to have scarcely had a begiening. Yesterday morn ing, at 11 o'clock, the Solicitor-Geseral, at the commence ment of the investigation, asked the opinion of the counsel employed on behalf of the police and the oollego. The law advisers of the police positively refused their oonsent to • public investigation; whereupon the counsel for Trinity College informed the Solicitor-General that they were in structed to withdraw their witnesses, and entered their pro test on behalf of the college against any private 'fleeing*. time, ea the nature of the case and the misconception prora tion respecting it demanded the fairest and fullest inquiry. The Solicitor-General adjourned the coot till twelve o'clock tb day, °barring at the same time that if the investigation went on it should be a private Inquiry, and that if any ponce irleiri to give inionnation his testimony would be resolved. ne Gallop authorities applied for and obtained informations yeelarley against Col. Brown and several of the polios force. Me mesa or. to ho beard OS Friday next. NEw MARRIAGE REGULATIONS AXONG THE Borax CATioins.-0A Hasas, Ire a formal notice iron el the Ardenown of we■tm{aeter, err ~ read in the wee of high mass to all the Roman catholic chanties swil chapels In the metropolis and suburbs, an swer/keg thee ea sad after Low Beadily, the 11th of neat nesatli, as sesertage would be solemnised in came where darer both perils are cotillion wakes the ban gs of ma . flap has bees previously shod on three encoeseive eandays, seam at high main or at that mass at whirl Addle artless we past* reed eat In the chapels or churches Willie the parties nepectively rends. bt Couri. Her Majesty the Queen held a Court yesterday salmon, at Buckingham Palace. Baron de Henault bad an audience of the Queen, and delivered his credentials u Envoy Extraordinary and Minister Plenipotentiary from his imperiel Majesty the Em peror al All the Ruadas. His Exoslkney was introduced by the Earl of Mahnesbury, the Quen's principal Secretary of State for Fiweign Affairs, and conducted by Major-amend the Hon. Sir Edward Cast, K.C.H., her Majeety'm Master of the Ceremonies. The Earl of Malmesbury had an audience of the Queen. Her Majesty was attended by the Earl of Verdant, Lord iat.Waiting ; and Mr. R. Ormsby Clore, Groom-in-Waiting. The Prince Consort rode on horseback in the forenoon, attended by Captain the Hon. D. de Roe. Her Majesty, with the Princess Alice and the Princess Louis, attended by Lady Churchill, took a drive la the afternoon, in an open carriage and four. Lord Colville and Major-00mM the Hen. C. Grey attended en horseback. The Primes Consort rode on horseback with the Prince of Wales, 'headed by his Equerry in Waiting. Her Majesty's dinner party in the evening included the Duke of Cambridge, the Duke and Duchess of Beaufort, the Marquis end Marchlonem of Stafford, Earl end Counter De la Warr, Earl and Counter Granville, Earl of F.lkmborough, Lord Stanley, Lieutenant-General Sir George Bowles, and the Equerry in Waiting to the Duke of Cambridge. The Queen's private band performed after dinner in the drawing-room the following selection: Overture, "Siege of Rochelle" Balta. Serenade Humans. Duo et Chumr, . Gustave" Grande Marche, " L'Enhint de France" Dolma Bright. A Cabinet Council was held yesterday at the official residence of the Chancellor of the Exchequer, in Downing -street. The ministers present were:— The Earl of Derby, the Marquis of SalisbufT, the Earl of Hardwicke, the Right Hon. B. Disraeh, Mr. Secretary Walpole, the Earl of Malmabury, Lord Stanley, General Peel, Sir John Pakington, the Earl of Ellenborough, the Right Hon. J. W. Hen ley, and Lord John Manna's. A deputation reEng Chains-bridge had an interview with the Earl of 'awards , at his official residence in Downing-street. John Manner. was present so the interview. depniation of coroners of En"lend and Wales had an interview with Mr. Secretary Walpole yesterday at the flornaadlos. Adepsiiiiion from the Luton Local Board of Health had an interview y with the Right Hon. C. B. Addmley, M.P., at the nicef the Genera Board of Health. depuCation consisted of Mr. Brett, the chairman, and of Messrs. Tactility and Sole, two of the members of the local board, attended by Mr. G. Bailey, their clerk. A &patellas from the Binethwiok Local Board of Health am had an interview with the Right Hon. C. B. Adderley, at the oMos of the General Beard. The deputation con sisted of Mr. George Downing, the chairman, and of Mr. Edward Chance, a member, of the Local Board. A deputation, consisting of Alderman Challis, Dr. Booth, F.R.S., and Mr. George Godwin, PILO., had an Interview with Lord John Manners yesterday, at the offal of Public Works, Whitehall-place, as to site for proposed memorial of the Great Exhibition of 1851. Despatches were received yesterday at the Colonial-o M's from the Lord High Commissioner of the lonian Islands. Mr. Cyrus W. Field had an interview with Lord Stanley rigida:lay, at the Colonial-ofilae. His Royal Highness the Prince Consort paid a visit to the residence of the French anbaasy yesterday, to vim the galley of pictures collected by his Encellency Count heigny. Hia Royal Highness Prince George of Saxony, brother of the King of Saxony, will arrive in London at the dole of the present week, from Paris. .._ The Duke of Devonshire and the Marquis of Hartington, M.P., have left Devonshire House for Holkir Hall, near Milnethorpe. Mr. and Lady Fanny Howard and lawny have arrived at Devonstdre Houk The Marquis of Lothian has left town to join the Marchketem at Bliabling Hall, Norfolk. The Countess of Caledon enters on her duties u lady in waiting to her Majesty, In the room of the Duchess of Wellington, to-day. Viscount Palmerston arrived in town yesterday from St. Leonard's-on-Sea. Her ladyship, who will return to town to-morrow, has Maned cards for an assembly on Sato:day next. The Right Hon. the Speaker of the House of Commons will Live his sixth and last full draw paella usattary dinner to-morrow (Wednesday), leaned of Satur day next. The Marchioness of Salisbury had an evening Arty last night, at the family mansion in Arlington-street, Piccadilly. There was a very full atteadanoe of the mam bas of the aristocracy, and moat of the foreign diplomatic body. Har ladyship will have another reception on Thurs day next. Admiral the Hon. H. I. and Mrs. Rom enter tainad Visomat and Viscountess Torrington, Lord Henry Thyme*, Lady Campbell, Raar-Admiral the Han. Sir H. Koppel, Colonel the Hon. James Macdonald, Rear-Admiral and Mrs. Eden, Captain Archdall, Captain Ds Horsey, Mr. Norge Payne, and a select party at dinner, on Saturday, at teak imilenee in Grafton-street. Lord and Lady Carrington received a select party at dinner last evening at their residence in Whitehall. We regret to learn of the death yesterday, at his residence, 16, Stockwell-common of Chas. Farebrother, Ben., Albanian of Lime-street Ward. The deceased aldermen was in his 76th year. Count Arrivalene has been appointed by the council of Londe. University Colley professor of Italian hangs and literature. The colossal equestrian statue in memory of Lord Londonderry, to be erected In the centre of the market-place of Durham, to to be executed by Signor Retreat!. Monti. The oonnty subscription sroonnta to above 2,0001. It baa been resolved, at a meeting held in the °mad awry Hoorn, Darby, to erect in that town a statue to the late Duke of Devonshire. A number of noblemen and gentlemen have sent in their names es comadttee-men. MEMORIAL STATUE Or THE LATE GENERAL Nzitt.—Mr. Noble has been named by lady NeW es the sculptor of the memorial states of Um late General Nail!, to be erected In his native town of Ayr. THE BACH SOCIETY.—The members of this society, which was instituted some years since for the study and promulgation of the choral compositions of John Sebastian Bach, make a very important experiment to-night at St. Martin's Hall, when the greatest of the two oratorios of the " Pass anal" by this master—viz., that after the text of" St. Matthew," is to be performed entire, for the first time in England. The credit of this undertaking is mainly due to Professor Mandate Bennett, who has devoted himself with enthusiasm t the task of getting up the work, per. haps the most difficult, as it is assuredly one of the most sublime ever composed. If ha @noosed@ in effecting for London what kiendelasohn, an ardent worshipper of Bach, effected for Berlin and Leipsic, Professor Bennett will bo entitled to the gratitude of every tree lover of mono. His Royal Highness the Prince Consort hes Intimated his intention to be present at the performance.-7 Seres. TRINITY COLLEGI (DUBLIN) ELECTION.—The nomination took place yesterday rooming. Mr. Letroy was proposed by the Right Hon. Frederick Shaw, Dr. Mortimer O'Sullivan seconding the nomination, Dr. GSM was pro posed and seconded respectively by the Rev. V. Sadleft and Yr. John E. Ws'she, Q.C. Both candidates then addressed the electors, but their speechse as well aa the previous ones were delivered in almost dumb show. -'the uproar and con fades beggared all description. - . . . . It is positively stated in Paris that M. Alexander Dumas, jan., fa about to merry a Miamian princess. Oalignani is requested to contradict the state mot that the Marquis of Hertford purchased at the sale of Dr. Veron a water-colotir drawing by Deoampe for 16,600 fr. The noble marquis writes —"I did not even bid for the draw ing;" and adds: " Whenever a picture or a work of art is said either in Paris or elsewhere at an extravagant or ridicu lous price, I mu almost invariably set doves se the purchaser. I am *apposed to have bought many pictures and different things that I have ectually weer seas !" Rear-Admiral Sir Thomas Maitland, C R., late coma:wading her Majesty's ship Excellent, is named u the probable successor to Rear-Admiral the Hon. Sir Montagu Stopford, K.C.8., as superintendent of Malta Dockyard. The magnificent screw steamer Golden Fleece, Captain J. V. Rail, one of the European and Amerioan Company's fleet, hes again been chartered far the Indian transport service. She will take out above 1,000 troops, met end dims, for Calcutta, sad will leave at an early day. The Goldin Mae arrived at Gravenod, on her return from I India, M Ihmaday annight. the 14th inst. CHINA. Letters from Canton and Hong Kong to the 29th of January were received in London this morning, but the Calcutta advises are missing. The Chinese tomes during the bombardment and storm are stated to have not exceeded 200 deaths. Yeh was still on board the Inflexible, but there was some idea of sending him to Calcutta. The Chinese tribunal, at Canton, of Peh-Bwei and the tribunal of the three commissioners (Colonel Holloway, le Capitaine Martineau, and Mr . Parkes) were extremely active. Thanks to the energy of the triumviri, the streets of Canton were as safe from European violence as the streets of Paris are from Chinese exactions. The new court has established a new Canton police. Captain Pym is the Colonel Rowan of Canton. He has 100 soldiers under him armed with swords and revolvers, and the French have a separate body of thirty men. Associated with the Euro pean police are an equal number of Tartars. Five English and two French stations have been established in convenient parts of the city and suburbs, and the ahopkeeping community are likely to obtain under British and French rale a security they never before hoped for. It will probably be some time before entire confidence is restored, and we learn that a good many of the wealthy inhabitants are still leaving the place. When the restrictions to trade were removed, a better understanding was expected between foreigners and Chinese. Their Excellencies Lord Elgin and Baron I.e Oros still keep their stations off the city. It was said the Ambassadors will proceed north as early as practicable. EXPRESS FROM PARIS. (MON 01: IN OWN 0011111SPONDINT.) PARIS, Moan•: Bynum,. A telegraphic despatch has been sent to the maritime arrondissements and sub-arrondissements, ordering all sailors from twenty to forty years of age, who have not completed their four years of service, to join their ships immediately. The Cotsstitationnel and the Patri; both confirm the news of M. de Persigny's resignation. The transportation of " suspects" and " ex pectant'," arrested under the powers of the Public Safety Bill, is beginning. Two transport vessels left Marseilles for Africa last week—one with thirty-nine and the other fourteen proscribed indi viduals on board. In the first batch was a Professor named Goudentlche, for whom George Sand and the Emperor's old nurse solicited pardon in vain. Prince George of Saxony is expected at Strasburg to-morrow, and at Paris the next day. M. Seebach, the Saxon minister, has left Paris for Strasburg this evening to meet him. The prince is acoompa nied by General Reichard, Major de Tschirsky, Captain Thielau, and his physician, Dr. Carus. During the three or four days to which his stay in Paris is limited, he will reside in the Tuileries. He afterwards proceeds to London. In consequence of the jealousy which their privi leges excite in the other regiments, the corps of Cent Garden is about to be dissolved. A new body guard will be organised, but it will oonsist of 400 picked men instead of 100 ; and the soldiers will be obliged to clean their own horse', which the Cent Gerdes did not do. The Bourse has been very firm. The Rents rose 23e. both for cash and account, closing at 69fr. 73e. and 69fr. 90c. Mobilier was in great demand, and rose 42fr. 300. The railways, although not very buoyant, were better than they have been for some time. Orleans rose 10fr.; Northern, Oft. ; Eastern, 10fr.; Lyons, life. 26c.; Western, 10fr.; and Southern, 2fr. 500. The Dibats says, in a financial article : The bull. have bad the best of it this week, and, In truth, they have good ream= to urge w►y there ought to be a rise. What millions upon millions are now piled up in the banks of New York, London, Paris, Berlin, Frankfort, and Vies= 1 Useless millions, say the bears ; millions which dare not confide themselves either to commerce or the Bourse. That is all very true, bat what is wanting to bring some of theme millions to the Bourse? Let but some capitalist, tired of keeping his money idle, throw a Weigle million averboerd, and all the rest will jump after it Ilk* Panurge's sheep. And, besides, what I. to be done with these millions? As to reports (carryings over), there are none. People come to every settlement with their pockets tall of money and go away the same. luvestments in com mercial paper—where are there any P Treasury bonds ? The interest has just been lowered. The Bank of England threatens us with discount at 2} per cent., the Bank of France at 3 per cent. At Hamburg money may be had for 1 per cent • • • The Bourse of Paris should always watch the Bonne of London. Consols at 97 speak of peace more eloquently than all the journals can speak of war. Whatever may be our views of the future, the public funds area capital barometer from day today. There is always a guarantee, to some extent, for tranquillity and a symptom of a rise in the air with Consols at 97. We should not there fore think it extraordinary if, on the faith of the millions in hand, the low rate of interest, and the haughty attitude of that regulating fund called Consols, there were to be shortly a brilliant campaign throughout financial Europe. A great capitalist said to us yesterday—" There is plenty of powder, the thing is to know how to set fire to it." 1 A letter from Rome states that u the Pope was walking out on the 10th of March last, a woman threw herself at his feet, and begged him to use his influence to obtain the pardon of Orsini. The Pope shrugged his shoulders, and passed on. The Minister of War has lately decided that the practice of re-vaccination last year adopted in Paris shall now be generally acted on in the whole army. PIEDMONT. TURIN, MAlci 20, A meeting of the " left" has been held, which was attended by M. Depretis, the Vioe-President of the Chamber, M. Valerie, and about twenty deputies. M. Depretis spoke at great length on the present state of the country, and argued that a change of ministry under existing circumstances was much to be deprecated. Rather than take a course which would bring the " right" into power, he exhorted his party to abstain from voting on the bill against the press. M. Valerie warmly contended that the bill must be rejected without re gard to consequenoes. After an animated discussion, M. Depretia' proposition was overruled, and the meeting decided by a large majority (five only voting rostra) that the bill must be opposed. The Chamber will resume its public sittings on Tuesday next. M. Valerie will probably present his report on that day, and will ask that the debate may come on "as of urgency," in order to calm the public mind and put an end to the various rumours which hare long been current. It is thought that the bill will be on the order of the day immediately after Easter. AUSTRIAN ITALY. An article published by the Milan Gazette on the 10th (the anniversary of the Milan revolution of 1848) has made a great sensation. This article is an undisguised attack upon Piedmont. A hundred and twenty political arrests have lately been made in Lombardy, of which fifty have occurred at Milan. Among the persons arrested in the latter place are two friends of Orsini's, named Brambilla and Perego. i UNITED STATES. LIVERPOOL, Mow Dia EVENING. The steamer America arrived this evening, having left Boston on the 10th inst., and Halifax on the morning of the 12th. She brings forty-four pas sengers._ . _ . The Europa arrived at New York on the 6th. The Canada arrived at Halifax, and the Kangaroo at New York, on the 10th. The United States steam frigate Niagara sailed from New York on the 9th for England, to assist in laying the Atlantic telegraph cable. The proceedings in Congress were of no special im portance. The Senate wee engaged upon the affairs of Kansas, and the Rouse of Representatives upon the project to incresee the army. The question on the passage of the bill to admit Kansas was to be taken in the Senate on the 17th. The house had adopted a resolution directing in quiry into the circumstances connected with the seizure of the American barque Adriatic by the French authorities. This barque, it will be remem bered, escaped from Marseilles while placed under embargo, and was subsequently captured by a French man-of-war. The New York Herakl mays :—" Our Washington despatch states that Dr. Bernhiael, the Mormon dele gate in Congress, has recently received letters from Brigham Young, in which he predicts the annihila tion of the United States troops now in Utah, unless they are recalled by the government. He also sug gests the appointment of a commission to proceed to Utah, to inquire into the condition of affairs there. It is not in the least degree probable that the Pre sident will listen to overtures of this character, coming from persons in rebellion against the federal authorities, and against whom an indictment for treason is pending." The State election in New Hampshire had resulted in the triumph of the Democratic party. The Turkish Rear-Admiral Mohammed Puha, and suite, were being lionized in New York. A heavy snow storm had visited New York and its vicinity, interrupting business and temporarily impeding travel. Navigation had been resumed on the Missouri river. General Walker and his principal filibustering officers were at New Orleans. There is a vague report from Kansas that General Lane, the leader of the Free Soilers, had issued a proclamation calling on the Free State Militia to attack Western Missouri, one of the principal resorts of the border ruffians. COMMERCIAL INTELLIGENCE. The New York stock market had been somewhat depressed, but a partial recovery had taken place, and a firm tone re velled at the close on the 9th instant, the quotations being— New York Central, 811; Erie, 313; Michigan Southern, 281; ditto prefaced, 651 ; Panama, 1061; Michigan Cen tral, 74; Illinois Central, 911 ; ditto Banda, 95. Sterling Exchange was heavy and inerelar. The latest quotation was 1081 to 109. Money sae very plentiful and rates unchanged. The bents of New York had further in armed their specie reserves by over a million dollars, the total amount held being nearly 33,000,000 dollars. They bad also extruded their 1011111 by over a million and a quarter. The cotton market had partially recovered the decline no tice:l by lastmail. Uplands middling closed at 11/ ; ashes, steady ; lour, heavy ; wheat, dull, and nominal ; corn, steady; beef, steady; pork, rather lower; lard, Brm at 10 to 103; sugars, Brm; coffee, steady; spirits of turpentine, 481 to 49 ; freights without materiel change. (LATEST BY TELEGRAPH VIA HALIFAX.) NEW YORK, Italica 11, Eva:a:co. Cotton isles, pest two days, 7,560 balsa, dosing quiet but firm. Flour firm. Wheat sad awn very dull. Provisions steady. Our stook market was &premed and rather lower yesterday, but to-day there was more buoyancy, sad all de scriptions have slightly advanced. Neill Brothers and Co. report the market for cotton le. higher, with moderately motive demand; and their advice' from New Orleans and Mobile show a slight advance, under the Influence of the Burept's news, while the effect of the Canada's news had not been developed. NEW ORLEANS, MARCH 9. The sales of cotton to-day were 14,400 bile., at slightly dearer prices. Middling, up. The decrease of receipts at all the ports, compered with the isms date lad year, is 340,000 bales. )(ARCH 10. The business in ootton to-day was 20,000 bales, mostly before the reosipt of the Canada's news, at former rates. The market clone buoyant. Freights have slightly advanced; the quotation to Liverpool is 9.16 dol. Sterling exchange, without change. THE LOSS OF THE AVA. POINT DE GALLS, CEYLON, Fan. 23. The Peninsular and Oriental Company's steamer Ave, with mails from Calcutta and Madras for England, went on shore en the evening of Tuesday, the 16th instant, on Pigeon's Island, off Tencomalee, and has since gone in halves amidships, and become a perfect wrack. Btu was on her way to this port, but had to I tench at Trincomalee to land money; how she owns In the locality where she was lost remains to be explained; it was within one mile and a half of the shore and ten miles from the harbour of Trincomalee. No portion of the mails has been saved; of the treasure which she was bringing for the Bombay government 162 boxes out of 600 have her recovered, containing 78,6001., out of 263,0001. ; 400 bales of silk, and 600 chests of indigo, and other valuable merchandise to a large amount, have been lost. The Ad miralty agent, Lieutenant Percival, remained by the wreck after the captain and officers had left, in the hope of saving some boxes, but there appeared slight chance of his doing so. Providentially no lives have been lost. The pas sengers include many ladies from the garrison of Lucknow, and several wounded officers, 70 in all, besides 19 children and many European female servants. We have as yet no list ; we only know that among them are Major-General Michel and Colonel Greathead for Bombay, and Mn. Inglis (wife of the gallant commander at Lucknow), and her three children. Unfortunately, Mrs. Inglis's jour nal of the siege, not the least valuable article among what has perished, has not been saved. AU the passengers arrived here this morning In the Granada, a small Peninsular steamer, which happened to be here for commercial purposes, and which was promptly despatched to the scene of the wreck by our Master At tendant, Captain Twynam, within a few hours after the loss of the Ave had been communicated to him by telegraph from Colombo. The Ave had on board a new shaft for the steamer Alma, which remains at Aden, waiting for it, before she can resume her work on the line. The loss of the Ave is a parallel to that of the Erin, which took place about a twelvemonth ego, and concerning which little inquiry appears to have been made by the company. The Granada will leave this with passengers and the mails from Ceylon and China to-morrow, at daybreak. They have been detained a week by this accident.— Time/ (Bsoond Edition). MR. ALLSOP.—It is stated that Mr. AIL* bag for several data been concealed in this city, somewhere in Anthony-street. Both Engliah and French detectives are now in pursuit of him and it is not at all improbable that he may be arrested within • day or two. Though the contem plated emeasination of which he is alleged to be one of the conspirators wee not socomeful, he will be returnable under the extradition treaty, if indicted for the murder ot the inno r.ost=a who were killed by the explosions in the Rue .—New York Herald, March 8. - 71110 AL LEGIBLATORIL—The Maine Legislature has instituted the novel and very pleasant feature of morning concerts in legislative @amnions. The lermsbee Jootwal says:— " The veteran merger of the house, Mr. Thomas, has • tams for music, and he ham discovered an anneal amount and variety of musical talent among the members. This united talent has been brought out in • series of im promptu morning onmerts before the hour for calling the home to order, until at length morning singing has be come • regular institution In the Represesta'ives' Hall for the Meat minutes before the Smoker takes his Neut. At times the spirit of harmony becomes pervading, when the singing le vedally muted by simple malady, and grave senators and members of the house in large numbers gather around the mitre of the hall and join the singing of familiar tame in true congregational style, and the music rises, and dome, end echoes through the hall with fine effect." COTTON IR 4LOARIeI. The Jilonitatr publishes a report made to the Emperor by Marshal Valiant on the subject of the cultiva. lion of cotton in Algeria, end in which he communicates the decision come to by the jury appointed to award the annual prize of 20,000 fr. given by his Majesty from his privy p un , to the colonist who shall have made the greatest Esvese let that branch of agriculture. The report begins raw ( that the season of 1867 was very unfavourable to cotton grounds, from the abundant rains and the lateness of um, spring. On several points the land prepared for sowing had been torn up by inundations, ands ethers the grow* plants had hem washed away. In addition to this th e humidity had calmed fevers, and workmen became very som e and costly. Notwiths tand ing these unfavourable drum. stances the extent of the cotton-grounds which escaped tb ois causes of destruction was not lees than in the to Wftemot s : o. . The total su amounted 1,600 hectares (2 ae on each), di so follows:—Province of Algiers, 176 . of Constantine, 622 beet. ; and of Oran, 903. From tile appears that the provinces of the east and west have w o g ea much as has been lost since lest season by that of Algiers; when the cultivation of tobacco more and more derai l ground capital and manual labour. The report of the j o4 res on to say that the number of planters among ten colonists has not sensibly increased, but confidenc e in futu re mama was unabated. Considerably woe , care was evinced by them in the selection of their ground for planting, and constant improvemutto were being made in the mode of cultivation, irrigation, a o , The number of native *mks* is stated by the report to b e steadily increasing, and last year had reached to 600, b u t there still remains much to be done in giving them toolnio lion in the best mode of carrying on their agricultural epee. time in this branch. The jury concludes its report by say. ins There is every reason to anticipate a triumphant future in the cultivation of cotton in Algeria. Let the colonists persevere; let them adopt the use of instruments worked by animals end every other means to diminish the cost of cultivation; let them continue to attend minutely to the selection of their seed in order to preserve the parity of the quality, and the production will amply remunerate them for their trouble. The government on its side will pursue its task and continue its encouragements. Improvements and useful experiments will always be the object of its epo chal care, and nothing will be ne gle cted to make the cultiva tion of cotton enter into the habits of the people." The jury concludes by recommending that the Emperor's prise of 20,000 fr., with the gold medal should be awarded to BY. Co lman& de Cizterra. for his cultivation of ()once at Habra, in the province of Oran, and that honourable mention should oleo be given to other planters who had competed for the Prise. ACCIDENT ON THE NORTH-WESTERN RAILWAY. An accident occurred yesterday morning on the North-Western line, to the Birmingham express up to Lon don, ate little before 10 o'clock, a short distance on this side of the Watford station where the line is under repair. "We were travelling at express speed—say, from forty m fifty miles an hear," writes • paasenger," without any rough nese or unusual swerving of the train to indicate when in a moment we were jerked off the rails, and came, while we continued apparently at the same speed, a quick succession of rapid and violent up-and-down move ments of the carriages very like the pitching of vessel in • heavy am, by which, as each perms was uplifted from hie seat, his head nearly came into eon. tact with the roof. After this had continued for a short time and way, there followed a loud crash of breaking ear risme, and es suddenly but more happily, a dead stop. I used not say with how great thankfulness and celerity the pram gen jumped out, when we found that the engine had separa ted from its train and wee forced up to its wheel axles into the dust and earth. The luggage van whirled round to the right on the down line, as if placed in position to return whence it come ; oste carriage entirely tumbled over on its side, so that the passengers were lifted out of the win• dows at the top and several other carriages were more or leas mutilated and broken. By God's mercy, no one was killed—no one apparently seriously hurt." Another passenger mays, "The carriages were all more or lea damaged, the axles bent, and the windows smelted. Looking back at the ground over which we had passed, the sleepers were dashed to atoms, the rails were bent, the chains were broken, and broken axle and grease boxes lay about in all directions. I was the first passeager who ran back to look at the road, when the cause of the acci dent was at once apparent. A gang of men were em ployed in repairing the permanent way, putting new sleepers, and doing general repairs. On looking at the work only one chair out of every two was spiked to the deeper, and those which were fastened were fastened with wooden page about one inch in diameter. In one place no chair had been placed on the sleeper to support the rail, bed the rail was left to a distance of 6 feet 6 inches without raj support whatever. A greater act of negligence can scarcely be conceived. The result was, es soon as the train came on the unsupported part of the rail the rail beaded outwards, the chair on the next sleeper broke in two, and at the se cond sleeper the engine ran off the rails. From the impale. sion of the wheel made on the rail it was quite evident the Vcommenced to leave the rails at the spot where the i a r: ve way for want of a chair to support it. When the engine got o ff the rails It ploughed up the road for fifty or seventy yards, dashing everything to atoms. The second set of negligence is only equalled by the ent—namely, when I arrived at the spot where the road was broken up, the first martian I asked was, " Why did you not signal to the engine-driver to slacken his speed P Where are your signal flags F The men replied, We have no signal nap: 'No signal flags I" I repeated. ' No, sir,' was the reply • but we told them the state of the r ead at the Waif md ;nation.' How the signals were at tie station lam unable to may. The chief mum of our preservation undonbt edly was the sand bawl which was put fresh on the road, and which checked the force of the train is It ploughed through the send after the engine and train got off the rade. The next cause which prevented us being hurled over the embankment was, the company are widening their road for three lines of rails, and our train happened to be on the middle line. It is very seldom we can get at the canes of the accidents on our railways, but the chief cause of acci dents is, generally, negligence on the part of some one er other. In conclusion, Ido not blame either the directors at the engineere, because I know they cannot be everywhere at one time. The culpability in this instance rests with the parson who had charge of the repairs, and the convey ought to punish him most severely." THE HIGHLAND SOCIETY'S DINNER.—The dinner of this society took place yesterday evening in the Freema sons' Hall, with all the accessories of generous cheer, good company, and spirit-stirring music. The presidential chair on this occasion was filled by Tke Chisholm, and the ear petty at the cross tables included the Marquis of Westmeath, Lord H. Gordon, General 11'Neill, Sr J. H. Maxwell, Sir J. Grant, Major M'Donald, The Clanranald, several Eng lish °Suers, and a large patty of Brazilian naval officers, attired in the national uniform. A sumptuous banquet having been disposed of, the usual loyal toasts ensued. The cheater toast of the society, "The memory of Abercrombie and the gallant harm who fell with him at the battle of Alexandria," was drunk, as usual in the reidet of a solemn and Aland sepulchral silence. His Royal Highness Prince Albert, is chief of the Highland Society, wee tooted with Highland honours—each chieftain, or representative of a clan, stand* erect, with his right foot upon the table. Equal hoar was conferred upon the Brazilian naval officers present, one of whom returned thanks in a very excellent speech, end k better English than is often heard in popular assetablise et home. There was the usual musical entertainment by ths band of the society, and Mr. Goes, her Mejesty's piper, was indefatigable In his exertions tbrongtr tin evening. The vocal ausic wax intrusted to M 1 : 0 ..= Gongs. The dinner was served at • very lets toasts must perforce be disposed of—and dancing connoted at oleos o'clock. THE NEW CANON AT CANTERBURY.—We has the pleasure to announce that the stall in Cantabory Cs. thedraL rendered vacant by the preferment of the Bar. A. P. Stanley, has been conferred by the Earl of Derby on the Rev. W. J. Cheddars. To those of our readers win live at a distance—for to such only the information to be necessety—we may say that Mr. Cherehyre Du bell the cures of St. Martin s end St. Paul'. in this city for ;Zig of sixteen years; that he is one of the meet indefati II our parochial clergy, one who especially interests himself le our local charities, and who is highly esteemed and bind by his parishioner,. We have heard but one opinioa di reference to this appointment ; and that is, that it wouldhes been impossible for Lord Derby to make a selection AM Ti on would have given greater and more general gratificatiotille chinas. The appointmeot is rendered still mo re by the fact that Lord Derby's choice has been e a invepectlve of political or personal influences. The commissioners who were appointed when Lord Derby wails office in 11152, and who made their report in 18M, nesse mended that vacant preferment in the cathedrals should lame frequently be given as an encouragement to the oredill clergy ; but It was not until Lord Derby's return le ps that we observe symptoms of that rarommendatinn OK acted upon. Thee, while the public rejoice that a nicll olo so well known and so highly teepsoted as Mr. Cheashned• been chosen, the diocesan clergy will me in his appoinheset a new stimulus to their exertions, and an endows OA merit, which may happen to display tied( at a distance bin the metropolis, or without the sphere of political r 0...,_, will not be, as heretofore, systamatoally overlooked.— t•••• Or:ette. THE WEATHER AND TIE CROPS.—Since OUT lot the moat lovely spring weather has prevailed, far 1310111 N. ambling May than March. The sun has shone forth with great power, and the temperature has been at a high averst& although the nights and early mornings have been cad, gl a slight occasional frost. On the whole the country looks 19. warkably wall. Things are here and there brown 0 4 nipped, and • little the worm for the late frosts end sharp winds ; but there is no mischief of any importance; NA • continuance of the present genial weather will go far lo 'sr ply • rapid remedy. The coil te now in capital order W g spring sowing; there has been so little rain that the had ill in a condition most favourable for working, and or brief have only to go at it as fast as they like. The wheats se• looking extremely well, but nut a hit too forward. A moisture, and April suns will soon clothe the motel _ general verdure. On the whole, our spring preaatrir be pronounced to be highly favourable. —Swags Non ior hi The wot an alarm, while oth Itichardsot arrive. Oi large pool her hostas gash In his found that vital arterh be alive ; tl that the b her right second and finger on wound on from imam, This woos while the sexed Moll Dr. Rid directed all far replant the wounds thin in the the injuries Mined of Ito iniensible, two or thre tinned in ti We hey died she lei awe of NI illness, and WY placed WY realism strict In a] less their pi the unforte until after I The nel committed posed perso 10 great fro horrible to tanned hou constables i George the former a fine &till and well ea Mrs. Osh afternoon, that notwitl hours. Dr. Rich morning, a prevent the Mate of pert Some hui leg to discr Mr. Wok to-morrow he IrM taki ALLEGI midarable Rian. in • ▪ Chev Dock, Eal C. Lewis, end Alleb demised n • ~can iotTiVen mead by en struck him he died atu of the sot, the deems arriving iv the fact to arrested Bi merinos OX North NY( the right • enfacient enure king ehtegbier ' Herald. ROSTIE day, an ok the affairs on the in liabilities • understood =r g ecloc aes the esteem wointed the windie itrosght of Limited Li diet ID 012 LAT r TAU