The Express. — London, England, 1862-04-28 00:00:00

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TRY new Russian Loan, which it is said will be introduced to-morrow, proves to be of even larger amount than that lately stated by ru.nour. ROlaill actually offers 16,000,000•. of stock in a lump, so that the Loan is quite removed by its magnitude from the ordinary category of such transactions. Ou this ground, as well as bemuse of the effect which, if the public respond, it will probably have upon our money market, it calls for unusual attention. One of the largest foreign loans ever introduced here was the Russian 12,000,0001. Three per Cent. Loan of 1859, but in that case the total amount of money involved was scarcely seven millions and three-quarters sterling, and a great deal of it was supplied from abroad. Again, the net cash proceeds of the Turkish 8,000,0001. Loan lately placed in London will be considerably less than 6,000,0001. But the pro posed Russian Five per Cent. Loan, if we swims the net proceeds at 90 per cent., represents the immense sum of 13,500,000/. in hard cards. Even allowing for the participation of the continental markets, and for the advances which the em barrassed borrower has probably already obtained in anticipation from the agents, the liability is so large as to inspire apprehension. The grand object of Ramis in re-appearing so soon in our money market is to attract specie from the West, for at home she is overwhelmed with inconvertible government paper. The present is therefore to b e practica lly a s p e ci e loan. on several occasions the withdrawal of three millions of bullion from the Rank of England has been found sufficient to carry the rate of discount up to 3 and fi per ccut., so sensitive is our mone tary machinery. It is natural, therefore, that a wide-spread uneasiness should be occasioned by the magnitude of the commitment which it is proposed to fix upon us, and it behoves the sub scribers to bear steadily in mind both the steep tionsl features of the present Loan, and the finan cial induenco it may exercise when the weight of the payments comes to be really felt. In a matter of this kind bias or prejudice ought to have no place. The Russian Loan must be re pried solely from the calm business point of view. It is simply a question of employing our surplus looney in the most advantageous opening.. Russia has just aa much right to apply ea Turkey, Mo- rocco, or Egypt. Each transaction must be exa mined upon its menta. The most cursory glance, however, sh..vis the difference between these mess N•e were in a position to accommodate Turkey, Morocco, and Egypt, because the extent of their several applications was moderate, and in accord ions., with our means, and became they came while we were relatively full of mossy, and but lightly engaged. But this new borrower not only soaw just as we have made large engagements, ►is dinnand m immoderate, and, indeed, almost unprecedented. Before, in a sense, denuding and inconveniencing ours.lves, we ought to remark the nature and causes of the present plethora in the money market. The surplus which we are ►eked to part with appears to by not a real or permanent surplus; it consists for the most part of trade mosey thrown out of its customary channels by the unfortunate qussi•suspsnaion of the greatest of our industrial pursuits. A surplus of money, occurring so soon after one of the most unsatis factory harvests on record, one which obliged us to pay to the foreigner an extra sum of thirty millions sterling in a single year, is no indication of exuberance of profits, such as would warrant our embarking in foreign investments upon the enormous scale proposed. But, indeed, a more glance at the condition of the cotton manufacturing districts', at the severe impoverishment of its population, at the depression which prevails in the iron and other large interests, and at the fall/we( in railway traffic, would suffice to dissipate the idea that our excess of money means excess of I profits. On the contrary, we are making lees profit than usual, because we are doing a smaller amount of trade, end it is precisely on account of the depression of business that we are so full of money. A point not to be lost sight of is, that the money we are now jingling so carelessly will all be wanted in its ordinary commercial chan nels when trade revives, and that, if the revival finds us entangled in foreign loan engagements to an extent unwarranted by our cireurnetancies, trade will suffer. In this way, with a straitened money market, and with the accompanying depreciation of all commodities and securities, we might be EXPRESS, MON THE subjected to an amount of loss, or to a negation of profit, which would render our venture in the huge Russian Loan of 1862 one of the most un profitable speculations we ever ventured upon. It is the more requisite that these considera tions should be calmly reviewed, because there is apparently • disposition to conceal the true bear ings of this matter. In quarters where Russia, her finances and her financien have heretofore been fiercely denounced, and where, even within the last few days, a tone, not merely of caution, but of warning, has been adopted with re gard to this same Russian Loan, Messrs. ROTHSCHILD'S appearance has been hailed almost with gratulation. In face of the fact that every Russian loan in existence is at a discount, and that the two latest issues involve, at present prices, a serious loss to the original subecribers, it is boldly affirmed that "our experience of Russian loans is " without a sinals unsatisfactory feature." Ws confess our ctiollete inability to understand this assertion. The question as to whether any kind of business is "satisfactory" or the reverse, re solves itself into " has it paid? " and it is not neces sary to look further for an answer than to the fact that the Rusaienl2,ooo,oool.loanot 1859,brought out at 68, or 66} net, is now worth only 61 in the market. Russia is not dealing well or even fairly with her old creditors in thus deluging the market with new securities, each issue of which is offered on reduced terms. Within the short period of three years she has offered three sepa rate creations of stock, to the amount, respectively, of 12,000,0001., 8,000,0001., and now 15,000,0001. Here is • total of no less than 25,000,0001. It is no wonder that the market has been surfeited, and that a large portion of the two first-mentioned loans, particularly of the 8,000,0001. Four-and-a-Half per Cent. Loan of Messrs. RARING/I, remained unaubecribed. It is quite • question for subscribers to Russian loans to consider where this system is to end. Does Russia mean to go on making an annual appearance in our money market? There is cer tainly no new reassuring feature in her finances. A disingenuous attempt has been made to repre sent the Loan of 15,000,0001. as though it were for 10,000,0001. It is affirmed that 5,000,0001. has been already " placed," and something is hinted about the co-operation of financial estab lishments in Ramis. Let us at least have these matters of figures cleared up, and no delusion practised. It 5,000,000/. has been placed, wbo has got it, and on what terms? Are the holders under engagement not to sell it in the market, say for • year or two, or are they free agents., privileged to get out of their investment on the shoulders of other subscribers ? Are they even in a position to make a profit by selling at a lower price than an ordinary subscriber could advantageously accept, by reason of their having been treated exceptionally in return for having taken • large slice of the loan t An ar rangement of this kind is evidence of weakness rather than of strength. As to the co-operation of the financial establishments in Russia, which are all more or less under the thumb of the Government, it is probably either a mere expedient or an absolute deception. In fact, such an arrangement would be antagonistic to the express object of the loan, which is to draw specie into Russia from abroad and counteract the con stantly unfavourable tendency of the exchanges. It will be necessary, therefore, for subscribers to reckon that all these schemes for the private and special placing of a portion of the amount are designed merely to veil the most objectionable feature of the project—its excessive mag nitude. The entire loan will consist of one article, and there is nothing whatever to prevent the " financial establishments" of Russia or the capitalists of Holland and Germany from throwing upon our market any amount that it will absorb. It must also be borne in mind that for years past there has been scarcely any market in London for Russian stocks, the great outlet having been abroad, and that the magnitude of the present creation renders it almost certain that every market in Europe will be gorged, so that the capacity of the continental Bourses to relieve holders here will be effectually destroyed. In fine, we would say, let Russia have the full degree of credit which she has fairly earned by her punctuality in observing her foreign financial engagements, but let us discourage her borrowing to such a magnitude and with such fre quency. At the root of the distrust of Russian finance is the fact that the Government expendi ture is permanently in excess of its income, causing chronic embarrassment and ceaseless issues of paper, in consequence of which the proposed Loan, notwithstanding its enormous amount, is really but as • drop in the ocean of Russian necessities. Her Majesty has intimated that it im her royal pies-more to bestow the meant garters upon Lord Canning, the Duke of Somerset, Loral Russell, Lord Shaftemhury, and Lord Fitzwilliam. Irk Court. O BORYSAI LII. Her Majesty drove out yesterday, sooompanied by t►e Prioritise Alice. Priem Alfred rode on horseback. Lieuteessot-Colooel Da Plat was in attendance. APRIL ff. Her Majmay held a Condi at three o'clock yesterday, at which were present—Earl Granville, the Duke of So merset, and the Right Hon. C. P. Villiers. Mr. Helps, lie Chet of the Privy Council, 'Headed. Prince Arthur, Weeded by Major Epkiinstone and the Rev. W. R. Jolley, embarked oa her Majesty's ship Vivid yesterday afterames, fee a craw in the channel. Her Mejesiy, Priam Alfred, PriDeedlS Alice, Princess Hama, sad Primers Louise attended Divine Service at Oelsonse lb mash& The Rev. 0. Treiber() officiate& The Ladies sad Geatternen in Waiting and the Household were present. Deepasehee were went ea fieturday from the Weald edges to the Governors of Malta, the Mauritius, Coyfoe, Haug Kong. Litman, the Australian COkilieS, the Lord High Comatimioner of the lamina Islands, sad to the Go rman of Gibraltar and Canada. THII QUEEN'S VISIT TO SCOTLAND. Her Majesty, Prime Alfred, and the Print:ems Alko, H.J.n% Lanka. end Hintrice, and attended by the Osontme of Oideshereegle (ladysin•waitins), Lady Amadei Dram, the His. Mho Phipps (maid of honour), Lord A. reset liqueur, in residue, Najor-Oran! the Hon. O. Orey, Coked the Hoe. C. B. Phipps, Sir Jenne Clarke, Orkmel aidinlia (muter of the heneslield), Ste., will leave Oelteene this day for Windsor, where the (NOM and court erm remain until Weiliteeday, and theapressed to Soot/and. Her Wafeety sod the royal family are expested to return to Odeon» from &knead shoat the OA of Jane. Tee MimwrnY.—Lord Pemereton will return to town on Moedeg (ti day) from his seat, &midlands, Mote Mr. °Weise will antes ie London the same day frown the north. fib , George •ley km arrived from hi seat in Northamheried. Laid Gliume, the Duke of Somenot. Ned Mr. Villiersiesebed town Yet evening from Worm. Earl Knoell in staying at bin resideeen in Itithrooed•park. Mr. Milner Moo .as expected to arrive in Loudon last (Saturday) night. bir George C. Lewis is expected to return ea Mooday frees a vidt to his Mother-in-law, the E.rl of Charesdon. Mlle mat, the Grove, Watford. Mr. Cardwell also expected to arrive in town on Monday. The Dukes of Argyll and Newcastle. Lord Stanley of Atderley, and Sir C. Wood, are expected to arrive at the re-easembling of parliament —o6wrver. AT EVENING, APRIL :. 28, ARRIVAL OF LORD CANNING. Lord Canning, the ei-Governor-Genaral of India, arrived at Dover on Saturday afternoon most unexpectedly. No special packet had been ordered for his lordship's pu sses by the government, but from the asp number of dis tinguished weenier. expected iron the oontinent Mr. Churchyard had given instructicoa at Calals for • steamer to be in ~Linos, tinder the supointendesos of Captain Senithett ; consequently, oa the arrival of Lord Canning, his lordship at once embarked Ia the mail Meampacket Empress, and, with Lord end Lady Sydney, Lord Heals (who had been waiting at Nerseilles to receive Lady Claa nine, Sir Charlie and lady Mary, and Min Wood, Mr. SerMant Alexander, he., made • rapid run to Dover. On arriving at the Admiralty Pier, Mr. Chorchwerd proceeded on board the packet, and welcomed Lord Canning once mere to England, sad his lordship and distinguished party promoted to the Ina Warden Hotel, to have some re. trodrasmt prior to their depictors for London. At the betel, Mr. lirminghtim. the Mayor of Dover, wee introduced to Lard Ceasing by Captain Smithett, when the ebbe imegleireie informed his lordship that • emmsdisoestery addrees had been prepared by the earpmetion to be promoted to his lordship on his reaching the shone of Ingised ; but his unexpected arrival that atteesisee, and the shoot interval at time his lordship would ramie at Dever, obliged his to represent oorporation on the simidem The mayor thee expressed the unanimous oesgestaktises of the town :sad port or Dover on his lord. ship's moosedol career as Governor• General, and the glo riousmiadte of that policy that had established on • firmer basis thee ever the Iteitish rulein India. His lordship warmly thanked the Mayor for the com pliment paid to him. His lordship and party proceeded to Loudon at four eon*. Tas DIIII OP DILVONSITEIL —The installation of hie Once the Duke of Devonshire u High Steward of the boroogb of Cambridge is to take pleas a the 7th Hey. Advantage is to be taken of the marks to inaugurate new public rooms which have been for some time in coulee of erection in the town ; sod in the evening there will be a public toirde at the School of Art, when the Diked Devon shire will distribute medals and prime to the most deserving students. _ _ . His Excellency the Marquis d'Azeglie has left tows for Turin, in consequence of the demise of the Max them d'Aseglio, the marquis's mother. Viscount Castlerosse has returned to town from bis seat at Killarney, where his lordship has passed the tester reams. Viscount Hood and Captain Malet arrived in town a few days ego front Canada, the former on Lave of abuses, and the latter wiser bon impaired health. Lord Brougham has arrived in Paris from Chasm The wale mad harind lord is expected to arrive in London on Friday ar Bainiday nut. The marriage of Lady Louisa Thynne, sister of the Mugu. cif Bath, and Colonel Percy R obert Basil 'eliding, limed era of the lan of Denbigh, is appointed to take place temsnew. The Bishop of London will resume his usual Tuesday levees at Loudon House, St. Juneessquare (after the Euter reuses), an Tuesday, Nay 6. For the sole privilege of taking the photographs in the Exhibition, the Stereoscopic Company have paid the royal oommiedonere the sum of 1,500 guineas. The Queen has presented the Rev. B. Webb to the living of St. Andrew's, Marylebone, and the Rev. E. Fresh to Gateshead. - . Yesterday afternoon, at three o'clock, her Majesty's Mos and the Corporation of London attended Divine Service at St. Paul's Cathedral. The Rev. Canon Olsampney's preached the sermon. The owners of the salmon fisheries in Ireland are feat killing the geese that lay the golden eggs, and it is likely the aid of parliament will soon be invoked to check overdishing. The Limerick water-bailiff states, in a letter to the Daily Express, that be saw 188 boxes, containing nearly twenty tons of mimeo, taken out of the Shannon within a very short distance in six days. There are 117 fixed engines, some of them armed with three or four traps, and fifty draught nets, worked by three men each. There is beside' a formidable battery. called " the great lax weir." It will be wonderful if the fishery can long survive these appliances. The local gentry are about to petition parlia ment on the subject. A Dorking correspondent writes, under Friday's date :—" Dr. Bernard, the proaceit concerned in the Orsini plot, having displayed an aberration of mind, wee last eight lodged in the Dorking police-station, and was this day taken helm H. T. Hope, Esq., and I. A. Gordon, Esq., two jus lism of the Dorking division, and by them consigned to Wadsworth Lunatic Asylum. Mr. Alsop (who has resided bins kg NSW time), a French gentleman, and Mr. Detmole, a salient, to whose children the doctor has recently acted sklrencit tutor, applied, it appears, to have the doctor can alised to their care ; but the request was not acceded to." A letter from Madagascar says :—" The King received the mission most cordially. He asked many ques tion& about her Majesty the Queen and the royal family, and I was interested, but by no means surprised, to find that Viscount Palmerston was frequently inquired after. In our dealings with the principal Hersh officers they manifested a great degree of shrewdness and acuteness. Of coons there were maoy instances of the contrary. For instance, we strongly pointed out to the King and his principal ministers that in order to insure commercial prosperity to the country the first thing to be done was to cocatruct roads. The answer was—' The mer chants must do that ; ' and it was some time before it was proved to their satisfaction that the roads must he made before European merchants would settle in Madagascar." A letter from Hesse Cassel complains of the damage ions to property by the enormous accumulation large game in the electoral preserves, which include a great part of the northern district of Lower Heise. In 1848 the deer and wild boars were nearly exterminated, except within certain forest districts to which they were confined, but ander the reactionary government they were allowed to break through thole limits, and since then they have so much increased that all the woods around Camel and north wards up to where the Diemel enters the Weser are full of them. Even in the neighbourhood of Wilhelmshoe whole herds of wild boar roam about. A Vienna correspondent writes :--" A few days ego I had sesasion to witness a truly Austrian scene in the Ordissldrehe, a favourite resort of the noble ladies of Vises& The last day of the Easter ' exercises' having at , rived, there was not a counter in the capital but betook herself, at 7 o'clock in the morning, to hear the concluding sermon of Father Patis. Nor did the reverend orator—a dignified speaker el the Loyola society—disappoint the ex pectations at hi fair audience. With all the extravagance of Jesuitic oratory, so deliciously pandering to the morbid sentiments of the titled sex, the esteemed father =shed Indis criminatelyiotothemysteriesof heaven and earth, apparently being en rapport with the locality of his several dwellings, and sweeping away all doubts as to the universality of his knowledge by a most intimate description of the other place. At the end of this inspiring harangue he called upon the congregation to renew the vows that had been tendered in their stead by their several godfathers at the font; upon which a rustling of silks arose, and the ameolded comatose= repeated the formula after the sawesemigalda. Before the congregation separated three prissesses espresso& the gratitude of the ladies for the hissed rumbas; whisk ceremony was also gone through by Coaster Condsehens on the part of the Empress. While the essielpse lasted the ladies had to take home beat et germ seder the gamin of assiduous study be tween see sonacia and the MEV The opening of the railway from Umritsir to Lahore at the beginning of last month seem, to have ex sited interest among the Punjabeee even more intense than that felt by the Bensalem in 1854. Day after day thou mods congregate, from the most distant places, to see the "L rince" locomotive come Into Umriteir. lie fame has spread to the Peshawar sod Mooltan frontiers. Some daring spirits insist on a ride on the "fire-horse," just as the Hendee' used to crowd round to examine the new "ear of Indra," and would not be convinced of the danger they incurred till a cow was killed straying on the line. A Brahmin, looking on the locomotive at Utnritsir, remarked, "All the incarnations of all the gods is India never pro duced such a thing as that." By this time the news ham been carried by the trading caravans into Cabal and Central A fancy fair is now taking place in the magnifi cent palms of the Coast do Moray, is aid of the distressed Syrians. Some of the most dWagulehed celebrities of the fashionable world have undertakes to bold the stalls, and a collection of their own manufactures are eunsomated amonpt the objects that are likely to produce large reesipts. LATEST INTELLIGKNO/L FRANCE AND spenr. The Elves publishes the following letter from the :mperor Napoleon to General Prim, the Comman er-in-Chief of the Spanish forces in Mexico : Pub, ha. 24,1882 My dear General,—Your drum or Vichy is rsallead ; the Spanish and French troops are fighting side by aids for the MON CUM. I have learned with pleasure your nomination to the commend of the expeditionary army. I recommend to you General Isewnoe., whom I have appointed chief of my small form: If there should be any fighting, you will find him worthy to stand at your side. The view. of your government being in accordance with my own, there will, I trust, be no difference of opinion between the oommandsre•in-cliief. General Lorene.: is to oomraand all my troops. Admiral Jurist: de La Graviere remains charged with political duties. I strongly desire, and I offer my earnest prayers, that the campaign which you are commencing may produce the closest union between Spain and France, and I doubt not that your presence at the head of the Spanish troops will contribute to that result. I repeat, with pleasure, my sentiments of esteem and friendship. (Signed) NAroLsom ROME. About 200 bishops will be present at the Episcopal Congress which is about to commence its sittings at Rome ; and others, who are unable to come in person, will send some authorised representatives. Two of the chief subjects of discussion will be, first, the financial question and the means for making St. Peter's pence yield the largest amount ; and secondly, the steps to be taken in the case of a vacancy in the Pontifical throne. We read in a letter from Rome : Odo Reseal had an audience of King Fnincis es Saturday bat, that day having been cv?pointed at his Majesty's own suggestion. The king commenced by re. peMlag that, although the other diplomatic representatives le Some had lost no time in visiting him in his exile, Mr. Ben& bad not followed their example, a complaint which was cosily ainnaged by an explanation of the unofficial character of the British envoy resident in the Papal capital. With regard to the present situation the conversation of the king was frank and modest. He confessed that he was totally inexperienoed when he seesoded the throne, and that he had been led into an aro sews line of policy by injudicious advisers ; that subeequent events had opened his eyes ; and that be should be ready to ender= his conduct to the exigencies of the times if Provi dence should have decreed his restoration to the throne— an avast, however, in the realisation of which he bad no isogoloo expectations. Mr. Russell could not do otherwise than aussut to this sentiment, adding that the institutions refused by the king and his father, but granted by Victor Emmanuel, bed, of coiane, disposed the intelligent classes of Neapolitans in favour of the new order of government. Amongst other topics the reaction was broached. King Francis declaimed all participation in the movement, which he affirmed was carried on by some zealous partisans of his cease without his sanction ! Bowe, compliments, and wishes am the kiog's pert for another interview with Mr. Russell put aa sad to the audience, which has given rise to a world of gonip sad conjecture, especially on the part of the Neapoli tan courtiers, who are glad to see their monarch on good terms with the nephew of her Britannic Majesty's foreign secretary. PRUSSIA. The primary elections take place to-day through out Prussia. The government has pursued its re actionary policy to the last. For example, the Gazette de PEtoile announces that the ministry have ordered a prosecution to be commenood against the judges of the district of Inaterbourg, who signed the protest against the ministerial orders relative to their votes at the elections. In a circu lar which the Minister of the Interior has just addressed to the provincial authorities, we read : " The ministry, perfectly united, will not allow themselves to be drawn aside by the passions of party ; they will preserve the position in which they have been placed by the royal confidence, and will maintain the views which they have expressed not only in the general circulars, but also in those which relate to the participation of functionaries in electoral agitation." It continuum to be the all but universal opinion in Germany fiat the new Chamber of Representa tives will be almost identical in its constitution with the last. lasuesa's minialca) THE HERZEGOVINA. RAGUSA, Ann, 17. Dervisch Pacha has determined to defend him self in Albania. The Bashi Bazouks have deserted Hassem Pacha. The Montenegrins have taken Ljes Kopoglie, and are cannonading Zalbjak. A skirmish has taken place at Zubzi. Luca Vucalovitch is concentrating his forces at Eliolsl. AMERICA. NEW YORK, Amur. 15, Emma. (Per Megan, vi► Roche's Point, Cork Harbour.) General Beauregard's official report of the second day's battle at Pittsburg Landing says :—" From 8,000 to 10,000 Federal prisoners and 36 cannon were captured, and the Confederates retired to their entrenchments at Corinth." The Federal War department published a semi official despatch, stating that the Confederates were routed, and pursued as far as the previous orders of General Grant permitted. The same despatch further states that the Confederates were now shut up in Corinth. Commodore Dupont officially reports that th e blockading squadron captured the ship Emily Bt. Pierre, from Calcutta for Charleston, with a cargo of gunny cloths. The same squadron also captured the British sloop Coyell, from Nassau, two miles from Charleston. The steamer Nashville is rep orted to have ar rived at Charleston. The Federal General Mitchell has occupied 100 miles of the Charleston and Memphis Railroad. It is reported that the Confederates have left Fredericksburg for Richmond and Yorktown. Large Confederate reinforcements have arrived at Yorktown. It is reported that the siege and the defence will be on an extensive scale. The Merrimac has made no further decisive move ment. The new American treaty with Mexico providat that criminals may be rem►nded by the State au thorities of any State without reference to the general government. Savannah advicea received at Fortress Monroe state that Fort Pulaski surrendered on the 11th unconditionally to the Federal gunboats. Par Niagara by taking& to Halifax, awl from Quaswitown. NEW YORK, APZIL 17, EVINE4O. President Lincoln has aigne d the bill for the emancipation of the slates in the district of Columbia. M. Mercier, the French minister at Washington, bas left for Richmond. His hasty departure creates much speculation. General M'Clellan is reported to be continuing active preparations to storm Yorktown. The Merrimac has returned to Norfolk. Commodore Foote, with the gunboat flotilla, bas opened fire on Fort Pillow, Mississippi. General Pope's command occupies the Arkansas shore. --- The Southern journals think that the Federate Win be driven from Yorktown to Fort Monroe, and vanquished by the force under Generals Johnston, Lee, and Magruder. The Southern press continues defiant. It is reported that the money voted by Congress for coast and frontier defences is to be appropriated to the construction of iron-clad floating batteries. The Canada has arrived out 0010LERCIAL INTELLIGENCE. NEW YORK, Arm 17, Emma. Money easy. Gold, 1} premium. Exchange dull. Bankers' bills, 112 i. Stooks buoyant. Cot ton very firm. Breadstuff, tending downward. QUEENSTOWN, Arm 21. The Royal Mail steamship Niagara arrived here at 8 p.m. She brings 87 passengers and 55,000 dollars in specie. She landed 129 sacks of mails and fourteen passengers, and proceeded at 8.15 p.m. ; all well. EST INDIA AND PACIFIC MAIL& DISASTROUS FIRE.-200,0001. WORTH OF PROPERTY DESTROYED. 80IITHMILPTON, Ann, 28. The Royal Mail steamship Shannon, with the above mails, has arrived here. She brings 286 passengers, 1,845,000 dole. in specie, and 1,700 packages of cargo. She left St. Thomas on the 13th inst. The fire at Jamaica is confirmed. It occurred on the 29th ult., and is reported to have laid a large portion of the business part of the city in ashes. No such destruction of property had ever taken place in Jamaica before. Thirty-five business places were burned in a few hours. The stocks destroyed com prised all kinds of merchandise. The loss is esti mated at 200,0001., only a small portion of which is covered by insurances. Attempts to fire the city on three different occasions had since been discovered. Trade was much depressed, although the weather was fine. Coffee very limited supply. Pimento scarce. Sugar, 15e. to 16e. Exchange, 90 days, per cent. premium. At Barbadoes, native provisions were scarce and dear. The crops were suffering from want of rain. Butter scarce and wanted. Exchange, 90 days, 490 dollars. At Demerara the importations from the United States were moderate. Prices of breadstuffs were maintained. Shipping was wanted. Weather fine for growing crops. Trade dull with a slight tendency to improvement. Exchange, 90 days, 483 dollars. (IRON ova own COSZEBPONDIII%) SOUTHAMPTON, MONDAY. The locality of the great fire in Kingston, Ja maica, was between King-street and West-street, sad Harbour-street and the wharves. The follow ing are the names of the parties whose premises have been destroyed, viz., Dacosta, Nethersole, Aaron, Fisher, Laraque, Gadfaile, Goldsmith, Groom, Francis, Metzgar, Singleton, Brennan, Lawton, Tualo, Branker, Vendryee, Cespedes, Levy, De Cordova, Bart, M'Cormack, J. J. Hart, Solomon, Astwood, Laurence, Baugh, Brown, Albergs, Mitchell, Antey, Deleon, Steins, Dergado, and Lyon. From 150,0001. to 900,000/. worth of property was destroyed by the fire. Brennan's property was insured for 1,0001., and Metzgsr's for 40001. Thaw were the only par tied who were believed to be insured. EXPRESS FROM PARIS. (71101 t Ova OWN PARIS, SUNDAY EVZ/fINO. The Pays revives (as latest news) the rumour of a visit of the Sultan to Paris and London, and says that he may be expected at the latter end of June. It also says that the Princes Humbert and Amadeus, sons of Victor Emmanuel, will pass some weeks in France after their tour in Egypt and Syria. The King of Italy himself will probably come to Paris at the time of the accouchement of his daughter, the Princess Clotbilde, but not sooner. M. Pietri's new pamphlet is in the main a repeti tion of his speeches in the Senate against the tem poral power. He forcibly sums up his views in the following sentence :—" The court of Rome never has and never will listen to reason ; and, in pre sence of the tenacity which is dangerous alike to the rights of Italy, the interests of France, and the peace of Europe, to hope for a compromise is an illusion, and to temporise is weakness." This criti cism upon the Emperor's vacillating policy is most valuable as coming from an ex-prefect of police and a man who was very lately and may still be his confidential agent. The new charitable institution annonnoed in the ifoniteur,. under the patronage of the Empress, is something very like what the Society of St. Vincent de Paul would have been had the leaders consented to act under government control, and is doubtless intended as a rival to that society. An amusing anecdote comes from Bordeaux of the alarm of the prefectural authorities at the proposed use of the word " liberty" in the theatre, and of the laying aside of their fears after some hours' con sideration. It was announoed in the bills that at the end of the third act of the Jetvess some occa sional verses composed by M. Minier, in memory of Haltfvy, would be read by M. Puget. The poem in question contained the following strophe : A toi, qui fis chanter cette Odette si grande, Dans un drams heroigna, Emit avec fierce, Oa voit goo jams's la Frame as roarohaode Quaod ii fact par du sang payer la Marti. This last line was at once pounced upon as dan gerous by the Prefect's secretary-general, M. Mercier. "What on earth," said he to the author, "has the memory of Haldvy got to do with liberty—cannot you strike out this passage 1" The author refused to comply with the suggestion, and insisted that his piece should be read as he had written it or not at all. Thereupon K Mercier wrote a formal letter, saying that the Prefect did not object to the reading of the lines except as regarded the four commencing with d toi, and finishing with libertt. This decree was issued at noon, but at 5 in the evening notice was sent to the theatre that the prohibition was withdrawn. K Lavertujon, one of the most eminent of pro vincial journalists, comments upon the above . event, in the Gironde, as follows : M. Puget may uow therefore affirm before the Bordeaux people, who are delighted to bear such noble langeage, that Frame proved formerly that she knew what liberty was worth, and that she has not forgotten the price sbe paid for it. But the hesitation of M. Secretary-General Mercier is not the lees instractive. It is clear that there are among our functionaries men who fancy that the best mesas of acclimatising liberty in France in to proscribe all motion of the name. The Bordeaux functionary had probably in his mini a precedent very much in point. When William Tell was played at Naples, the Bourbon police scratched out the word liberty, which fre quently occurred in the libretto, and in every ease substituted the word " loyalty." OUTWARD A11331.1C.A.N MAIL. Qusiagerowit, APIIL 27.—The Ran Nail Steamship Maclennan arrived here to-day at 7.. m. She embarked mon and pr n, with latest Wayne, and proceeded at 4 p.m. for New York. All well. NAVAL AND MILITARY. ADMIIIIAIXT, APRIL 26.-APPOINTMENTR.-E N ,. more B. V. Ball, confirmed am secoad-clas assistoot eap. nee in the Obeatieleer ; and A. J. Tout, second clam o. instant engineer to the Asia, as supernumerary. MALTA, AM, ti. Her Majesty's chl Neptune le ft for Naples 011 Saturday last ; her Ma eety's ship James Watt, it is re. wted will touch at ta, and then proceed to England. Her M ajesty's ship Banshee arrived at Malta on the evening of the 18th with Viscount Canning, Lord Harris, and suites. They prooseded on in the same vessel for Marseilles next day, but when off Sicily the Banshee broke down in her machinery. She ran into port, and transferred L.rd e n . sing, Lord Harris, and suites to another steamer, in which Sissy proceeded tin Mareer4 rd. the Banshee returned ti tam the 22nd to be We have had several English yachts at Malta. Mr. Sres• bey left far Sicily in his yacht last week, and the Earl of Brownlow in hie, the Cecil, on Monday. PORTSMOUTH, Aria 27. The Tribune, 31, screw frigate, Captain Lori Viscount Guilford, will leave Spithesd to-morrow for trial of her machinery, and if the trial be successful, she will pro. teed to her station on the south-sast omit of South America CHATHAM, APRIL T. A grand review of the entire force , at tax gar. :lion took place yesterday afternoon on Chatham Lines by his Royal Highness the Duke of Cambridge, in the presence of a large number of spectators. WOOLWICH, APRIL 27, .—Tbe Trusty floating OVUIRY battery at this dockyard is now fitted with - Captain C. Coles' cupola shield, and after being prepared with iron plates, will proceed to Shoeburyness for • full trial of the is. volition, as opposed to Sir W. Armstrong's monster toper mental gun. On Thursday last a series of experiments were curried out on the ses.eout, near the practice range of the Hythe School of Musketry, with a view to test astir imp vimpmtsments recently made with regard to the vent pines of Armstrong guns. For this purpose the firing took pier at looting targets placed at 1,000, 2.000, and 3,000 yards from the shore, and 15 guns were u sed belonging to the ..tit brigade of Royal Artillery stationed at Shornaliffe. Fifty rounds were fired from each gun, and the result is stated to have been highly satisfactory. PLYMOUTH, SUNDAY. The Himalaya, 6, screw, iron troop ship, Captain J. Semombe,arrived here this morning, last from Gibraltar, having been employed taking Vice-Admiral the Hon. Sir Frederick William Grey, K.C.8., and Samuel Whitbread, Req., M.Y. (Lords Commiseioners of the Admiralty), for s tour of inspection in the Mediterranean. Henry Dundee, Peg, private secretary to Admiral Grey, accompanied their lordship Their lordships visited Mount Bdgecumbe this afternoon, and dined with the port admiral this evening. They remain at Admiralty-house. THE OOURT•MARTIAL ON CAPTAIN ROBERTSON, Saunders' News Letter gives the following as the result of the late court-martial on Captain Robertson: Find Charge—For conduct unbecoming the chimaerd an officer and a gentleman, and to the prejudice of good order and military discipline, in baring, after being grossly and putlicly insulted by Colonel Dickson, in London, at the Army and Navy Club, on the 17th of October, 1660, end after not succeeding tin his endeavour to obtain an apology or redress for the same, and to have the difference adjusted between them, failed to comply with the provisions of the 17th Article of War in not submitting the matter to be deal with by superior military authority. Second charge—For conduct unbecoming the character of on dim and a gentleman, and to the prejudice of good order and military discipline, in having, after being rosily and publicly insulted by Colonel Dickson, in London, at the Army and Navy Club, on the 17th October, 1860, and after not succeeding in his endeavour to obtain an apology or redress for the same, and to have the difference adjusted be. tween them, failed to take the proper lawful steps to vie. dicate his character. Third charge—For having behaved in a scandalous manner, unbecoming an officer and a gentleman, in hay* stated, in a letter addressed by him to Major-Ganea Forster, military secretary, end bearing date the 4th Oeteher, 1861, that he had submitted his application to retire free the army by the sale of his commission, "entirely through intimidation ;" he, the said Captain Robertson, then wad knowing the said statement to be false. The court having maturely weighed and considered the evidence adduced in support of the prosecution, as well is what the prisoner has urged in his defence, are of opiaios that he, the prisoner, Captain Arthur Masterson Robertson of the 4th Royal Irish Dragoon Guards, with regard to the first charge is Not Guilty, Inaerauch is the 17th Article of War is not obligatory, and do therefore acquit him of the same. With regard to the second charge, Guilty. With regard to the third charge, Not Guilty, and do therefore acquit him of the same. The court having found the prisoner guilty of the wooed charge preferred spinet him, which being in breach of the Articles of War, do now sentence him, the prisoner, Copia Arthur Masterson Robertson, of the 4th Royal bid Dragoon Guards, to be cashiered. In consequence of the remarks, as well se the rum. mendation of th e Judge Advocate-General, the Queen hes beat pleased not to confirm the sentence of the court; the prisoner is therefore released from arrest. WEATHER REPORT.-{THIS DAY.) MONDAY. APRIL $ L. & & DL D. 1.0. L N• 111111 1067 60 44 D.W. 6 1 6 • 61a04011 lO.O 44 66 B.W. 11 I • Lama Slaw= 8610 46 47 8. 1j I b 11ALWAT 80.06 U 66 N.& I I b Mum . MOM U N W. SI I b 60u101.00m. 10.11 51 40 N.W. 6 1 • linuouuta MU 40 40 D.W. 1 I b tarmarom. 8818 54 40 LB.& 1 6 • QuaniroWli. 10.17 17 14 8. 111 1 b •1011 a• YAII4OOTE 1060011 KU 118 60 W.W.W. 1 I DOVER. 66.61 II 44 B.E. 1 1 b PORTINFOOTE BOlB 68 60 N.N.8.. I 11 • -- PORTO 110.— WV 66 60 & 1 1 ► Panama - t 01111116640 10.16 u al 8.0.8. 1 1 b nal! . . PROWS& TEWEAT. WENNENDAT. NORTE WNWAIN.—W.B.W. to W. E. to N.W., light to NIA N.N.L, moderato or light, tine. variable. InalAnn.-11.11.W. to W.N.W. and N.N.H. moderate, tine. CENTRAL—W. to N.N.L, light, vari, lbw L COASE able —S.E. to N.E. neat, variable, One. S. Ititotann.—S.S.Z. to N.N.H. S.E. to LW., inalerate, floe. light, variable, line. N.N.E. to W.N.W., larders% fine. N.L to N.W., light, virlabk. Suterly, tine. EXPLANATION. R.—Barometer corrected and reduced to 32 deg at meal es level : each 10 feet, of vertical rise, causing about one.huodrei'll of an Inch diminution : and each 10 deg., above 31 deg., amuse nearly three.hundredths Menem. R.—Exposed theme:we In shade. M.—Moistened bulb (for evaporaUon and dew point). D.—Directiou of wind (true—two point. Idle of m^ nettle). F. —Foram (1 to 12—estimated). L—Cloud (I 109 Initials b, blue sky; c, clouds ,detached); f, fog: b. bad: I . lightning : m, misty (hazy) ;o, overcast ',dull) r, rain ; b&OE. t, thunder. R., rainfall, or 6123 W, or hall, since lest r_ezoft.. inches and decimals. 11.—Eles-distarbance ato 9). L am- 116DUCIION or THII COLONIAL ALLOWANCS Halt klunarr's Po/tem—We understand that • questios of considerable difficulty has arisen which threatens W render somewhat embarrassing the relations between th e colonial government and the officer commanding the i peril forces in this colony. For several years past • rather liberal colonial allowance has been granted by the Poh l ' meat to supplement the imperial pay of the military 1 7 ' Honed here. A despatch has, however, beer. lately newel by hie Excellency the Governor, from the Duke of Ne. castle, informing him that, in the opinion of her lisjero government, the rate of colonial allovrence granted to Me troops is as exceseive one, and directing that it is to be re. duped to that paid in the aolmay of the Cape of Of Hope. The reason given for this reduction u• that exoeedve allowance to the troops in these co?'" operates unjustly towards those serving on other stations. We believe that Colonel Haupt his been informed of the arrival of this despatch, but that, pending the receipt of as official intimation from the Horse Guards, it will not be acted upon. It will be remembered that the votiog f m 11110111111011 in question has frequently met with oppositios our Legislative Assembly; and after this direction from the HOlllll government the desired reduction will probably be readily effected by the local government. It does not spa pear List the rate to which the colonial allowance is to b o l conformed bears any fair proportion to the expenses living in New South Vr idea, and it is apprehended that the enforcement of the order would excite much dissatisfsstwi amongst Um soldiers, and would interfere with the file!ote' 011008 of military discipline. It is stated that • militsQ board has been appointed to inquire into, and to report nP 4 the matter.—Systriep Herald, Feb. 16. During last January 4,1326 peroona landed io Victoria, Australia, and 6,449 sailed from that colony. Thl was tl rupt'u 1,0001 the lii with Mr. offer a Lewis Ord The his on Him dl 3,000/ Oat ye Kr. tioa, order the h costae The merch journe and li Mr. may al ties of to tbi street "Ass When s r s ie n r 1 solves mitts! 181.. ru r en e' walk As and w snorni: tion, ____ Mr. junr., It I "Si re the 1 the f ing 0 article eater that point her m Inc Lad I occasi wee plc= She li opinie clout In SDI &Mho been wbob 1)0121!4 the p him, I took pnwi beluv to is M, obstr 6. rafter ant • PLc• MOOD plain a (mg atruc polio w 1 Ware Band MOO/ aosni claw 110Vel by lo Thu of a taut the he et SoCie on I How Of m aP Z the i with teeie and ware heel firal Lend He i rune