The Express. — London, England, 1859-06-01 00:00:00

&lICOND-HAND PIANOFORTELL—CRAUF.R, MASA and Ow bows limp soutrol of •wwwilleall PINE. ig dr na. ma wismosil m W^r moll seimil golsow—oll. kiboENBILEYB' COGNAC, a pare Prank Brandy, 1 pie or Wenn lee ent Mks ; ele pee ineen. NMI UM A X XIX. as wen the wit and as .Wannit Awn& whet or lle reunion ow dam XI MIXT 0, AREA/IT. WI On, leinn Dlearia. nrun O. at" Beam% liereWs. W.O. rhellehlted UK sir WILIIILT UeLVIIIIIATIII PERIODIXAL. O N " A W B 11 IL A Illowletw el Unerstnee, Ain admen end lltnerneed 1.7 Gene, Teased *t liakka lt r i tke i tirt. Ant ie. .k • To be weld eel 00017 *AV' XXXT,PIX• The env T will spews en W. lad et Jib, AM laultewe awl linen U, lonwitheliest. gte expreMlO• TO CORMISPOIMEWTB. havertimoutto lotoodurl be T 6. Et=... Lor.ot Iwo* Papa, mot to of do °nice, to by Teo VC** as the !.7 d pothoilioL AZIMI 1 . taill WORLD AND - 17111 w. ik. r .. l.....vridr=alDll •/ I Vritkl - rot I 5. Turk WllllO5-..Caolosoce at 7. IP ems Ovum NUM M M ICIII/11211. Mt. 0. NM sad Mae .arrmait 7. !!!!/.1 111 t TOO 1•101116. TEN WARI/ViVia T ma. 11rE All WA a T 31•11411 1 rl i 'llt WEL SAri - Wwa a lt CLOWN.% MY. Oimie .18006.-Awa WI Si ZION wAras IT LONDON NZIDOZ. rDaT—Norale. it insamr—m/esk... I me. LONDON; WEDNESDAY. JUNE 1. Ws have recei:ed a copy of a somewhat remark able document—the Report of the Cessna. and Conseil of Surveillant.; of the London General Omnibus Company, submitted and adopted at the third annual meeting of the shareholders, held at Faris on the 27th April. It is only within the last few days that this Report has been printed, and officially circulated amongst the English shareholders. The position and proceedings of this Company have at various periods attracted so much public attention, that a cursory review of some of the details now afforded may be interesting to our metropolitan readers. It &ppm.; from the Revenue Account foe the year ItiSti that the aggregate receipts were being 22,3241. less than in the year 1537--ts decrease attributed to the continued competition. The expenses amounted to 356,978/., le►ving a Mamie' of 23,8881. designated rotit. Of this sum. moon/. is to be distributed as dividend r.t the rase of only 3 francs—or say half-a erown—per ',hare of 4/. ; 1,0,4)/. is reserved to meet the expeller% of windirg op the old French Com pany ; and tgool. is to he applied to the redemption of the expenam of First Retablinhatent" and " Lease 5. " The monstrous charges incurred under these heads, especially the former our, hang like a millstone round the Company's neck. Oa the credit side of the general bslance-shset stands an item almost sufficient of iteelf to sink any undertaking of the kind—vie , ^ 6ee4ttedl of omnibuses and stock " purchased by the Company, 242,000/."—a quarter of a million for tt., " good-will" of a business in Which any man muy start in competition with the Company to-marrow, if be hare sufficient spirit of miterprise ! Two or three other frightful items 5:1110W The eoit of the " First Establishment "of the rimiest/kiting figures for 97,1071. Ila. 9.1., in clasi•e of " Compensation to contractors for right el delivering 210 ornoihays, sa per award." The contemplation of such bums is enough to make • shareho'der's hair stand on end. These items are irrespective of 63,2711, fur " omnibuses in work or in the factories of the Company, including rolling stock, wheel:, springs, &c."; 168,2011. for horses; 24,6431. for einstruetion of buildings; 41',131f, for purchue of leases, &c. What an idea do detail, of this sort afford of the voracity of the persons with whoni the Company has had to deal! One of the notion,. which runs through the re- parts of tLeTants end Council of Surveillance is peculiarly rich. These gentlemen affict the most rigid adherence to the requirements of the French law uwl , rr which the Company has, unhappily, hitherto been constituted, and they point ewlewnly to the pains they have taken to secure the redemption, by the annual appro priation of a purtion of the profits, of certain items ref expenditure. The French system requires, we are told, that the expenses of" First EstiOlishment,'' the " Purchase of Leaatv,"and "Construction," shall be dealt with by meansof a sinking fund : The Coos ail remark that the balarce-sheet now submitted hie "applied this prir.ciple of the sinking fund, which your Geraats and your Council of Supervision " transmit to the new English Company as the rule "of a wise administration." But how small does the year's appropriation of 4,8001. for this pur- pose seem in face of the remarkable fact that the three items above specified as• redeemable by a sinking fund represent tie enormous aggregate of 169,7814 What hope can there be for &company the totem profits of which, so to speak, are mort gaged to this mins extent? Considering these figures in connexion with the additional item of 242,000/. for " good-will," the idea that the share holders sill ever obtain even a moderate rate of dividend seems almost farcical. Another sample of the mode in which this Com pany's affairs hare been conducted is presented is the extraordirary "disappearance" of 1,463 sham of 41. each held by the Company. These shame formed a portion of its unissued capital. The share holders are calmly informed that they "disappeared " in the Paris office during the exchange of certill " Welk" The excuse for the concealment hitherto practised is stated as follows:-."Up to the " present time we have thought it desirable to keep " this matter in suspense " (how handy a semi- French plum is sometimes'') "hoping to be able " to ebecover and stop the shares issued a second " times ; or if, as there is reason to fear, these " share di.appeared by the dishonesty of an ern " ploy', to ob!ain their restitution or compensation " fur them." l'aming by this naive confession of the managers' readied...l to aompound a felony, we gather that another check proved, somehow, ueeless ; for " the 1,465 provisional share certificates which die " appeared were brought in and exchanged a second .• tone for shares to Leant, and thence it follows that the number of shares to bearer netted has It been increased by that number." The Ghosts then submit to the shareholders a little gage *ion, remarking ; We feel it our duty, is " placing the fact before yol, to mak you if the " difference which ewer's shall be earned to the " debit of profit and lose, which would naturally " diminish the distribution to be made to you; or if, as this unfortunate occurrence is a consequence of " the tint or h auisal ion, you will not prefer that the differenee should be carried to the account of first " establishment charges, and be liquidated by .sink " lag fend." Upon this appeal the shareholders at the meeting in Paris decided that " the replacement in the texpany's safe of the 1,465 lost shares shalt be made by the purchase of that somber Of li.3rts, profiting by their present low prie in t^e market, and by the application of the sum necessary taken trove the reset re fund." THE EXPRESS, WEDNESDAY EVENING, JUNE 1, 1859. The metre fund, it may be remarked, beasts the magnificent sum of 3,2071. 17s. ld. So meek lir this little episode. Want of epace precludes our entering at length into the other causes, in addition to financial extra vagance, which have reduced this Company to its present discreditable position. It is somewhat amusing, however, to remark the idea which per vades the minds of the French managers, that the ill success of the Company has been occasioned, not by the financial considerations adverted to, but by a public prejudice against anything French, and by " a feeling of national amour propre which," the Council declare, they " can scarcely comprehend." Neither can we. The germ of hope for the shareholders in this unfortunate undertaking rests with the fact thst the Company has entirely parted with its French dress, and is now an English company, with limited liability. If the proprietors, now that the weapon are put into their hands, do not muse themselves to action, and insist upon immediate reforms and eco nomy, and a more vigilant suilrvision of the Com pany's affsire in every department, they must not expect much sympathy in their misfortunes. THE WAR IN ITALY. GREAT BATTLE. SECOND VICTORY OVER THE AUSTRIANS. 1,000 PRISONERS TAKEN. (IT 111 AND DRRISII MEDIUM) (11011 003 OWN TURIN, TVISDAT NIORT. Today a new victory wen obtained by the iedmonteee army at Palcatro. The attack was made by 25,000 of the enemy. The King, with General Cialdini, and the Zonave regiments, repelled the attack, and took 1,000 prisoners and eight guns. From Mr. Renter we have received a copy of the official bulletin published yesterday evening at Turin. It is as follows: " A fresh victory hu been gained by our troops' at 7 o'clock this morning. 26,000 Austrians en deavoured to retake the petition of Palestro. " The Xing, commanding the 4th division in per son, and General Cialdini, at the head of the 3rd regiment of Zooms, resisted the attack for a considerable time, and then, after having success fully assumed the offensive, pursued the enemy, taking 1,000 of them prisoners and capturing eight pieces of cannon, five of which were taken by the Zouaves. Four hundred Austrians were drowned is a canal. "Daring the combat at Palestro, another fight took place at Contienza, in the province of Lomel line, in which the enemy were repalsed by the division Fjnty, after a two hours' conflict. " Last night a picket of the enemy ende►voured to pass the Po at Cerversina, but were repulsed by the inhabitants. The Austrians have evacuated Varzo in the province of Bobbio." This morning the following oflicisl telegram wi received at the Sardinian Embassy in London : "TURIN, TUUDAT EVENING, 940, " A second victory has been won to-day. " Attacked by 25,000 Austrians, the King, com manding the division Cialdini and a regiment of Zonaves, has completely defeated the enemy, and taken more than 1,000 Austrian prisoners, es well as eight gum" (11011 091 OWN PARIS, WIDNODAT MOLNINO. The following has been received here and is pub died in the Moniteur VERCELLI, TVESDAT EVESINO, 6.30 P.N. " The Austrians in great force made an energetic attack this morning upon the troops commanded by the King of Sirdinia, and endeavoured to pre vent our troops from craning the river, but our regiments, which were partly supported by General Trochu's division, valiantly drove them back. "The Third Zonavee, attached to a Sardinian divi- •ion, did wonders. Single-handed, in the face of a battery of eight pieces and a sustained fire of in fantry, they emend a canal, climbed a steep height, and, charging with the bayonet, drove 400 of the enemy into the canal, and carried off six guns. The Sardinians took two guns. " Our losses are slight." The Moniteur also state' that the Grand Croea of the Legion of Honour has been conferred by the Emperor on General Forey. The Generals Bonnaz, Blanchard, Cambricle, and Balfond have been ap pointed Commanders of the Legion d'Honneur. MORE FIGHTING.-ANOTHER AUSTRIAN ATTACK. Mr. Roues sends us the following: OFFICIAL BULLETIN PUBLISHED TO-DAY. "TURIN, Jun 1. "The victory gained yesterday, the 31st, has been followed by a second victorious combat, which took place at G o'clock in the evening at Pesaro, which the enemy endeavoured to re-enter, but was repulsed again by the division of Cialdini, oompoeed of the Zonaves and Piedroontest cavalry. "The King premed forward where the fight was most furious, the Z Alves vainly tr, ing to restrain him. .Yesterday the Austrisne attacked the Sar dinian vanguard at Sesto-Colende, the Sght lasted two hours. Our troops cros-ed the Ticino in pursuit after the enemy. A numerous Austrian corps-d'armeo appeared before Varna; Ga ribaldi ordered the National Guard not to resist, and fell beck on the Lego Maggiore. " An attack was attempted by our troops against Lavine, on the Logo Maggiore, bet without result." Roman provinces is increasing. Piedmont has named certain conditions under which she will moguls' the neutrality of the Pope. A demonstra tion in house of France, unattended by any disturb ance, was repeated the day before yesterday. The French general sent some gendarmes to the place of assembling and invited the crowds to disperse. Advioes have also been received from Naples to the 29th inst. There is no occurrence of political importance to note. The police have prohibited the use of rallying marks or badger. Abe Court. The Queen held a Court yesterday afternoon at Beckenham Palace. Viscount Stratford de Radcliffe, 6.C.13., had an audience sills Quenon his return from Constantinople, and was pre- Naiad ►y the Earl of Malmeebury. TM Earl of Elgin, K.T., bad an audience of her Majesty spas ►ie return froru China. The noble Earl was presented by the Earl of Malmesbury, Secretary of State for Foreign Affairs. TM Earl of Mals'esbury had an audience of the Queen. Heir Majesty was attended by the Earl of Veralass, Lord ■ Atkin i and Sir Edward Bowater, Groom in Waiting. The PAWS sad Princes. Augustus of Sam Coburg visited the Qum yesterday. The Prince of Using= laid a visit to bee kliekety. TM Qum and Prince Comarkeed the Primes" Frederick William visited the Duchess of Hest yesterday afternoon at CI irenceetioese, and afterwards, seeempankd by the Primer Alice, took a terrier drive. Her Weeny sad the Prince Consort, the Princess Royal, sad the Primes, Alice, west last evening to Clarence-Mum, St. James, to visit the Duette , ' of Kent. The Qassa and the Royal ',Arty Osmanli hollowed the Royal Italian Otero, Comet Garden, with their premise. TM soya mite °omitted of die Constete of Caledoo, the Hen. llestrkis Bysg, the Hon. Emily Catheart, Count and Counter Perwcacher, the Earl of Ventlue, Lord Charks Flimsy, and Lieutensit-Colonel Porsonby. The Countess of Cakdon has ruconded the Ditches' of Ailiole se the Lady in Wailing. TM Earl el Veruhro and General 81r Edward Bowater have seconded L, rd Crofton and the Hon. H. Smkrille West, MUM Lord and Groom to Waiting to Her Illejealy. The Primer Alice, thy Dube and Duchess Augustus of Sam Coburg, and the Primed Leinimpe, visited the Durham of Kant. The Duke de Nemmus called yesterday et Clantserholue, St. Jeanie, to inquire after the health of her Royal Iligluteae. A Cabinet Council wan held yesterday at the official residence of the Chancelle, of the Exchequer in Downing-street. The ministers present were the Earl of Ikt by, the Right Hon. B. Disraeli, tho Lori Chancellor, the Marquis of Salisbury, the Earl of llardwicke, Mr. Secretary Sotheron Eatcoart, the Earl of Malmeebery, General Peel, Lord Stanley, Sir John Pakington, and Lord John Manners. A deputation of Commiesiosees of &were (City), cossitt- ing of Mr. Chriatie (chainaas). Dr. A' ralsani, Kr. White wide, Mr. Warren, Mr. J. Sywa ads, Mr. Bone. Mr. 'aleph Day (devil), the City Reinasebesncer, and Mr. Heywood (eogineer), had an interview with Lord John Manners at her Maiesty's Office of W.,rks, Whitebait-place, rater lay. Despatches ware sent heat the CAnial-titnce yesterday to the OUTSTSOIr al Gawk. (Thor LAST 11110 ST'S °AVMS.) HEALTH Or TOE INDIAN ARMT.—IRDIA-OPTICE, If 31.—The Qs. en ham bees sai dto lames • taw meakin under berm yel sign appointing the Eight Hero. Sidney Hrbert, M.P., Major-General Mr Robert John Huey " 'avian, K.C.B , Colonel Si. Proby Thames Cawley, K.C.8., Thomas Aleastlsr, E.q., C.V., Colonel Etword Ilarria °teethed, C. 8., William Farr, Esq., M.D., Jame. H..neld Martin, Req., and Jol to Sutherland, Baq., M.D., to be her Majesty's Commietionets to inquire int and report upon, the nelnalaree it may be expedient to bike for maiuteiLing and hoprerug the health of all ranks of h , T bi ijeity's army *4.1 vie( in India. FORMS-OFFICE, MAT 20.—The Queen hoe been mama, 'Aimed to appoint Sidney Smith Saunders, Esq., now her blejeety's Camel in Alt:lonia, to be her Majetoy's Consul et Alexandria; wed Henry Walter °vendee, Esq., new her Majesty's Causal at Maraoham, to be her Majesty's Coastal at Baltimore. FOREIGN-OFFICE, MAT 24.—The Queen bee been pleased to approve of Don Ferdinand° di Luta as Vire- Conaul at Malta for hl. Majesty the King of the Two - . . .....FORILIGN-OFFICE, MAT 2$.—TM Queen hu been er:lapprove of Mr. Gregg Warm ,en as Cenral at to tar for Wm Majesty sbs King of Pewee. FOAMY OFFICE, MAY 28.—The Queen has been gracionaly plemed to appalled Frederic Hamilton, Esq., sow Secretary to her tilejeatre Legation at Sturgardt, to be Serretary to her Idainore Ligation at Athens; and the Hon. William George Kass, sow paid attache to her 111.jmoje Legation at Frankfort. to be Secretary to her Mae joe:) . . Legation at Stattgaidt. Lord and Lady John Russell and family arrived in Chatham-piece, yesearlay, from Pembroke-lodge, Ria moad-puk, foe the swoon. Tits Right Hon. Sidney and Mrs. Herbert will arrive in town to-day, loom Wilton-hour, nom Salisbury. The Earl and Countess Fitz william have returned to tows from Yorkshire, where the noble earl has been doing duty with his regiment. The Right Hon. Frederick and Mrs. Peel come to:town on Monday nut, (row liamptoippink,Warwickshirs, kr 'be c.eeting of pulianunt. The Earl and Counteas of Milltown have left the St. Oeorge's Hotel. - Viscount and Viscountess Sydney hare returned to Cleve Lied-square, from the leis Wight. Lord and Lady Loadesborough and family have wired at their mansion on Carlton Saca►tarna for the NINO& Lord and Lady Hnntingfield have arrived at the Bt. George'n Hotel._ _ Lord Middleton hu arrived at the St. George's Fiotal. Lord and Lady Algernon St. Maur have left the St. George's Hotel. _ . . _ _ The address in reply to the royal speech will be moved by the The. 411Aerson Egerton, M.P. for &nth Lancashire, end will be sec ndtil Ly Sir Jellies Elphiccone, M.P. for Portsmouth. The noose of Lords will not sit to-morrow, II Wei Ascension Day. Piers rennat, ttar.l.m, be sworn en tbst clay. _ . Lieutenant-General Sir Harry G. W. Smith, 0.C.8 , coma coding the northers sad midland district, will relinquish his commend in dart other next. The gallant . . . _ oftko; succeeded General the Earl Cathcart In 1861. It has not tea:tapirs I who is to mucosa Sar Harry is hfa command. Up to the present nearly 20,000/. has been re aired for th sale of tickets fur the Haadel festival at the Crystil Palace, sad each day WitINISCII large addiduna to thte sem. _ _ . Notice has been given of • meeting to be held in On Hanover-mime Rxiaia on Setird.y evont ng neat, the 4t6 lastest, to consider the host moons of organising • volasterr rile corps to the district of St. George. Bosom- ovine. The chair it to be taken by General Sir D• Lacy Evan., II P. for Wastmlooter. A Anal meeting of the committee formed for the porpcwo of collodion a fond foe the family • f the late Mr. Join O'Connell, wee lithl at Dublin on M.nday, Mr. J. D. ritaimeM, rollieg. It wa. aoneumid that the onlokeiptleros amounted to the prose soul t f 6,1001., whkk ins to be invested In trustees foe the bendlt of the widow end chit free ad the krosr:te ion of Dinkel O'Connell. Mr. lleajrast Dewy was the Neva oiSsfrasaa, end la moving lbw weed • f it mks to Mr. Filsgsrald, (*pressed a hone of soon baring the pheitare to addreu the t ight hon. gentleman by wither title. THE AUSTRIAN TYROL, A Berne telegram, dated yesterday (received by Mr. Reuter), says :—" According to advices from Coire, a battalion of Tyrolese chuseurs has passed the frontiers of the Tyrol, near Randers, for Italy. Four thousand Austrians are expected in the prin cipality of Lichtenstein. Nothing has been heard of Garibaldi." THE REVOLUTION LN VALTELINE. The revolution in the Vaßeline (says a Berns telegram dated this morning) is increasing. Aus. trian officials and gendarmes have been seized by the people and expelled the country. The chief place of assembling of the revolationery army is Bondrio, whither the people of the coaritry ars hastening in great numbers. ROME AND NAPLES. MARSEILLES, To MAT. Lettere received from (tome to the 28th hog. announce that the departure of volunteers toe Ogees still outlines, and that the agitation in the THE UNITED STATES. NY skomirric UELloi►ri.) (,Isom ovi ows cmiszerownw LIVERPOOL, WRDNIAD4Y. . _ The steamer Anglo Saxon, from Quebec 21st, has arrived. She brings 97 passengers. The steamer City of Baltimore hence, passed Cape Race on the 19th, bound for New York. She wu boarded and her news telegraphed to the United States. The Americannews is of slight importance. A Washington telegram says 100,000 dollars had been received from China as the first instalment in liquidation of the claim; of American citizens on the Chinese government. The administration at Washington had recently received moat satisfactory evidence that Great Britain was sincerely disposed to satisfy all her engagements with the United States in regard to Central American questions. Mexican advice. say that the French and English fleets, with the exception of one vessel each, had left Sacrificiaos, and that it was supposed Mr. Otway, the British minister, would soon be superseded, and the English government recognise the constitutional government. At New York, on the 19th, stocks were irregular and heavy. Sterling exchange nominal at 1101 to 111. Canadian news unimportant. _ . . Latest by telegraph to agent of New York Associ ated Preis.—New York, 20th, evening.—Flour un settled and again 20c. to 60c. lower. Wheat heavy and nominally 6c. to Bc. lower. Corn dull, and lc. to 3c. decline. Beef unchanged. Pork lower. Lard lower. Freight. dull, but unchanged. New ORLEANS. MAY 20.—Canada news had no effect on cotton ; market unsettled. Middling, 10!c. to 11c. Bales of week, 11,000; receipts of week, 7,000. THE WEST INDIA MAIL. ('r =craw ==ow=.) (111011 001 OWN 001116PONDINT.) SOUTHAMPTON, WINNIESIDAT. The Parana has arrived with the West Indian mail. Her dates are Jamaica, May 12; Vera Cruz, 5 ; Panama, 9. Specie about 700,000 dollars. Guayaquil still blockaded by the Peruvian squa dron. It was expected that an arrangement would be effected between the two governments. A revolu tion was expected in Peru ; in Chili the revolution progressed against the government. Among the passengers by the Parana is Colonel Cooper, deputed by the Nicaraguan government to conclude the contract accorded to Velly for making the Nicaraguan Canal. Accounts from British Columbia are favourable, trade improved at Jamaica. Yellow fever had broken out at Barbadoea. All the other Wands are healthy. Dry weather had prevailed throughout the islands. The crops at Jamaica, Barbadoes, and some other islands, will be short. At Trinidad an average crop is expected. Tobacco crop at Havannah promises to be a good one. The slave trade at Cuba is carried on openly and unrestrictedly. THE CAPE OF GOOD HOPE. (BS /MIMI=C TELEORLPH.) (PLOY 091 OWN 0011.11SPON0INT) PLYMOUTH, WIDNPADAI. The mail steamer Norman, Captain Boxer, arrived this morning with mails and forty-seven psuengers. Her dates are, Cape of Good Hope, April 25 ; St. Helena, 29, Ascension, May 4 ; Funchal, 25. The Norman broke the crank of her shaft on the 14th, and was detained several days. The news is satisfactory. THE PENINSULAR MAILS. The Peninsular and Oriental Company's steam packet Tagus, Captain W. Hall, Admiralty agent Lieutenant Irwin, RN., arrived at Southampton this morning with the Peninsular mails. Her dates an Lisbon, May 27 ; Oporto, 28 ; Vigo, 28. She brings 35 passengers, amongst whom are:—Lieut. W. De Kantzon, MN.; 28 first class ; 4 second clime ; and 2 children. Her cargo includes 19 packages of specie of the value of 9,4591 7s. 11d. On the 30th of May, iu let. 48 deg. 3 min. N., long. 5 deg. 43 min. W., spoke her Majesty's steam ship Himalaya, homeward bound with troops. On the 31st, at 8 p.m., the Himalaya passed the Tap. at Portland, steering for St. Catherine's Point. At Lisbon the usual Portuguese squadron. In lat. 44 deg. 44 mio. N. long. 8 deg. 17 W., pawed the Sultan, with outward mail. 1121LAZ SHIPPING. With reference to the steam shipping interest, the circular issued yesterday by Mesas. Alfred Brett and 1 Co. has the following : Affairs connected with the steam shipping interest during the peat month have been rather of an exceptional nature; the fluctuations in demand end mayfly hare been quite per ceptible, yet May terminates without any re►l improvement, either in she rates of freight, generally, or in market value. At the commencement of the month the expected commie Benito requiremoots of the Seeds-French army in the Medi terranean produced considerable inquiries, sea gave rise to witielpations of improved freightage and readier ales of went sowing% A few engsgetueets far outward freight' and time elates wets ettmte I at advanced rate*, bet the instant the proclamation of neutmliiy by cur government appeared several of these were cancelled, and a ns-action ensued, equal to about previously existiug rave. Tics question of wastrel and American reseals mono p lisingthe entire saran currying trade in the event of a get cud ear, and the impreasion that AUKT.C.IIII would tecorue customer* fir all the tonnage Great Britain could epare under suck carctunstanoes, hers lately been discussed by oar leading newspaper", the writers of which sppeu studiously to ignore the fact that the only ships which can be registered under the United States erg are either the msny that are built there, or Ibe few that may obta'n the right of registration by en outlay in the native of repairs in an American port amount ing to two-thirds of their a,:ital value. Bale" of steam shipping propery since our last het wee Waned have not been numerous, but the money value so transferred ha. sot bean hicoardereaMe ; • single traesecticn by us baring passed newly 20,000 tons of *crew "teener" into new hands: t er hap. the largest operation of ibis nature hithoti eta]. There is, however, still a pr.pooderencc of sellers of steam ships in the market. Builder. contiotte on the look cut fur contrac's of which only • few special engagements bare been recently made. Tile political monition of Europe exercises so much iofloance on the commerce of these realms that business is touch circumscribed, and wayetan's beiug ex tremely cautious in entering into new engagements involving the least uocertaioty, the geeeral ew plod went for ships is appreciably curt ailed. Thus the views . iodinated in our last are unfortunately realised. THE FIRST SARDINIAN VICTORY AT PALESTRO. TURIN, TUESDAY. The first details of the fight et Palmate° have arrived here. The enemy was entrenched at Pales. tro, Civalino, and Vinzaglio, but after an obstinate defence oar troops carried the entrenchment at the point of the bayonet with admirable bravery, took two pieces of cannon, and many small arms and prisoners. The loss of the enemy was very great, but the extent of our loss is as yet unknown. Vercelli was yesterday evening illuminated. The Emperor traversed the streets on foot, and the town was we fete. The King passed the night at Torrione amongst the encamped troops. ARRIVAL OF THE EMPEROR FRANCIS JOSEPH AT VERONA VIENNA, TUESDAY• The Emperor arrived at Verona yesterday even ing at 6 o'clock. His Majesty is received every where enthusiastically. GERMANY. FRANKFORT, Tr MAT. The rate of discount, which has been 41 per cent., will be reduced to-morrow to 31 per cent. EXPRESS FROM PARIS. (num OCR OWN PARIS, TUESDAY EvEmma. Paris is in a state of extraordinary excitement in _ _ consequence of a rumour that a general battle has been going on all day between the main body 0 the French army, commanded by the Emperor, and the Austrian forces. The advance of the King of Sar dinia upon Paintro, mentioned shortly in the Mowiteur of this morning, was but the commence ment of a grand plan of operations. It is known that the Empress has received several despatches in the course of the day, and it is believed that the fighting commenced at a very early hour this morning. There are many rumours of details, but _ _ . . . none that I consider sufficiently reliable to repeat. Preparations are making in Paris for a grand Illumination, in anticipation of an expected victory. Toe Emperor's head-quarters are now at Vercelli. He merely passed through Casale. The great bat tle is probably going on between Robbio and Palestro. The Duke of Malakoff has gone to Nancy, to assume the command of the army of observation of the east. He is accompanied by his young duchess. The Abb6 d'Aubignao de Ribahie, vicar of the parish of Saint Louis en Vile, has been appointed principal chaplain to the army in Italy. This owls siutio filled a similar office in the Baltic, and after wards in the Crimaa. He had a brother, Colonel Rtbaine, who was killed before Sebastopol. Several other chaplains have been recently appointed. The Unicers, which recently complained of the Mena. cient numbers, now admits that there will ba one to . every brigade; bat it observes that the Eng lish are ia the habit of rending into the field a chaplain to each regiment. The government evening papers contain the fol lowing communicated note : The Messages de Paris, in its number of May 29, pub lished a comeep !ideate from Vercelli, in which the Austrian army, its General-in-Chief, and even the Emperor Francis Joseph, were grossly insulted. Such outrages, happily ex ceptional in the Preach press, are the mere deserving of re proof because they are n ideated to a power to whom we are opposed inane field. At the moment when the Emperor Na poleon commands the Army of Italy in the face of an enemy, it is the imperative duty of hls government to cause his noble policy to be respected, end to repudiate publications which ant ocestrary to the dignity of the French character. The press may always deplore and stigmatire acts contrary to the law of nations and of humenity. If Austria forgets what all ciellieed nations owe to the honour of war, she ex . poses herstlf to just criticisms sad sevens judgments; but the more legitimate it la to c mime the less acting is it to Moult her. The French press dove itself honour by the ananlmiry with whi•h It gives exerts:doe to the patriotic stattiosente of the coun , ry at large; it will alai honour itself by conciliating the independence of its spine: batons of the conduct of Austria with the observance of proper decency towards those who are the adversaries of nonce on the field of battle. Toe Prefect of Polity has just placarded all over Paris a copy of one of the coup d'etat decrees by which any pereoo propagating a piece of false news, whether with bad faith or not, is liable to a fine of from 50lr. to I,ooofr. I have not heard whether this penalty has been applied' to the government journal the Pays, which lately propagated the false news that the Austrians had evacuated Plumose, and has never even condescended to correct its mis take, which MIS at once flashed by telegraph all over Europe. The Pattie says :—" We believe worsen state that an understanding has been come to between the governments of France and England for the resump tion of diplomatic relations with the Two Sicilia." The Bonnie was extremely animated. The hopes of a grand victory are being discounted to an immense extent. The }tints rose 95c. for cash, and BSc. for account, closing at 621 r. 73c. and G2fr. 70c. Mubilier rote 27fr. 50c. Toe Orleans railway rose 15fr. ; Northern, 121 r. 50c. ; Lyons, 7fr. 50c. ; Southern, 6fr. 25c.; and Western, lfr. 25c.; Eastern fell 2fr. 60e. The Presso says in its weekly commercial re view : The situation of commercial affair's b•a undergone but very tr Ring cheoge duriog the past week. There Is • cos:Dylan &were of orders in the hands of manufacturers for abroad, and but a very limited amount of business is doing for toe home trade. Anything like speculative badmen lacompletely at • standlitill, purchases being moaned to setud everyday tcante. The manufacturers have Bern by degrees working up their stocks of raw material. Holders cf raw cotton and wool have Is many caws reduced their pr;ceri, but without being able by this sacrifice t t induce the manatee ewers to purchase. At klulhatven and Rosen some buyers have been in the marker, bat they all offrroi prices which could not be scaptod, and the barium has been very trifling. The accounts from Lyons are rather more favour able. Little or nothing doing either in raw or refined sugar in Faris, and the coffee market is equally dull. At Havre the wales in cotton haws only bcen effected by • reduction in prices. The Mosilore Toscasu states the Duke of Modena has carried away the mosey belonging to several public offices, belittles 800,000 ft. wbieb were in the treasury at Reggio. Being resolved, moreover, not to kayo anything for the French to get at, he bag set all the game at liberty w►ich was kept in the musters of Ban Felice. He has also enticed all Uks Widen to to destroy( d, sad the road of the Mretem to be tenders/ kopepat le. A dull, t e maltitut break. It is not approach heavens, the the bridges i London and All to rapid as 6 o'clock, rolled ont of pokers, or spending th , the final Mr the atmorph pages of the multitudes sharing in anxiety, Dui the ton war are "cola Derby, th amount w MUM IMPERIAL PARLIAMENT. HOUSE OF LORDS.-(1M8 DAY.) Their lordships rag shortly after 1 o'clock, when the fol lowing royal commisaionere took their Nate Immediately before the throne, viz.:—The Lord Chancellor, the Marquis of Salisbury , the Earl of blahneabary, the lEarlof liardwicke, and Earl PRESENTATION OF THE SPRAYER. In obedience to the summons of the Usher of the Black Rod, several members of the lower house appeared at the bar soon after the royal oommlaidoners had taken their same. Mr. EVELYN DENISON said—My lords, I have to acquaint your lordships that, in obedience to her Majesty'. commands, and in the exercise of their undoubted right sad privilege, her Majesty's faithful Commons have proceeded to the elemioa of a Spatlon, and that their choir, has fallen upon me. I now present myself at year bar, end submit myself, with all humility, to bee Majesty's melons appro- bation. The LORD CHANCELLOR—Mr. Denison, we are commanded to Inform you that her Majesty is fully sensible of your zeal for the public nuke, end that you are amply sufficient to discharge the important donee that her faithful Commons have selected you to perform. She does moat really approve and confirm you es their Speaker. The SPEAKER—With profound respect and gratitude I bow to her fifejesty's commends; and it is my ditty to lay claim by bumble petition on behalf of the Commons of the United Kingdom to all their ancient and undoubted rights and privileges—more especially to freedom of debar:—freedom from arrest or molestation of themselves and their servents, free access to her Majesty whenever occasion may require, and that her Majesty l aw b s pleased to put the most favourable oonstraction on all their proceeding,. I have alio humbly to pray on my own behalf that any errors that may wear in the discharge of my defies may _be imputed to me alone, and not to her Majesty'. faithful Commons. The LORD CHANCELLOR—Mr. Speaker, we have it farther in command to say that her Majesty most readily confirms all the rights and prisaagcs which have ban hitherto granted to bar faithful Commons, either by her Majesty, or any of bar royal predecessors. With respect to yourself, sir, though her Majesty is sensible that you do not stand in need of such assistance, her M.jesty will ever put the moat favourable canatruction upon your acts and words. The right hon. gentleman then entWew. The reel of the afternoon was spent in swearing pews. HOUSE OF COMI4O.HS.-(T.HIp.DAY:). The members began to amemble tome time before 2 o'aeck. At that how the Speaker elect wee announced by one of the otli..ials, and the house immediately rose to receive the right hoc. gentleman, who had not yet assumed his of ci J cos tume, but wore merely a court snit and en ordiamy bar rister's wig. Soon afterwards the house was sturmoned to attend the Lords, and the Speaker elect quitted the boa*, followed by the ministry and most of the members present. After a few minute: absence they returned, end The SPEAKER, having taken the chair, add—l have to acquaint the house that this house has been to the House of Peers, where her Majesty by her coma:dales ham beat pleased to approve of the choice you have made of myself to the office of Speaker, and further that I Dave claimed in your mute and on your behalf all the cadent right, and privileges of this house, which her Majesty has been pleased to eon firm in as full and ample a manner as Ili.) , have ever been confirmed by any of her Majesty's predecessors . I have once more t e return my thanks to the house for the honour conferred upon me, and to remind the house that the text duty to be performed is for members to take the oaths pre scribed by the law. The usual oaths were then administered to the right hot. gentlemen, and having subscribed the rolls, The SPEAKER d—taeotlersere will now be sworn in the slpbabetical order of their counties, which will now be read by the clerk. The sweating-in was then proceeded with. Each of the members sworn, after signing the rolls, wee personally ia troduced to the Speaker, and shook hands with the right hon. gentleman. OPENING OF CONVOCATION OF THE PBOVINcB OF CANTBRBUBI.—(77IIB DAY.) This being the day appointed for the return of the writs for the election of the members of the Lower Rouse of the convocation of the clergy of the province of Canterbury, the right rev. the bishops and the clergy who had been cited assembled in St. Paula at 11 o'clock. The p r elates, dune, archdeacon., and oilier dignitaries appeared in the robes of their revective orders, and the clergy in their gowns. The Archbishop, with hie chaplain, the Rev. Dr. Thomas, and his secretary, Mr. Felix Burgett, arrived shortly afterwards, sad proceeded to the chapter•house, wheio be wee rest by Bit John Dodson, the Dean of the Arches ; Dr. Trevor' Tories, the Vicar-General of the Province; and the Chan cellor of the Diem.* of London ,• who were accompanied by Dr.. Hayfield, 8.. Plaillimort, Beide', and several other ad vocates end proctors of the Court of Arcbee. The Archbishop, attended by them all wade( their state robes, proceeded from the chaptsr•hosoe to the cathedral, where, at the west door, his grace was met by the bishops and chary, and conducted by the dean end chapter of Bt. Paul's, in procession, op the centre Male to the dean's stall In the choir, the other bahois and dignitaries taking their mats on either aide in the stalls, except the Bishop of Lendore, who occupied the bishop's throne. There was a moderately full congregation of the laity in attendance. The service was commenced by the junior bishop preeent reading the litany of convocation in Latin, after which an whew woe wog. The Latin s rman was then preached. Divine service being ended, the archbishop, bishops, end other member/ of convocation retained to the chapter-house, where the vicar-general presented to his grace the Qseen's writ of summons calling convocation together, which wee reed by the registrar. - home other f innelitirs having base gone through, The Ancur, addressing the clergy in Latin, directed them to withdrew tinder the direction of the Deen of St. Paul's, and choose a prolocutor and to gement him for sp.• vocal and confirmation to his graor, at the Jerusalem Chamber at Westminster, between the hours of 9 and II on Wednesday, the 22nd inst. The members or the Lower Home accordingly withdrew to one of the chapels within tbdcettsedral, and the dean having liken his place in the data e still, call.-0 upon them to elect one of their number u their prolocutor to preside over their proceediturs. The clergy elected the Very Her. Dr.:0111).a Elliott, Dean of Bristol, as their prolooutor. The convocation wes Men adjourned until Wednesday, the 22nd inst. A subscription has been opened at Florence for the monument to Alexander Von Humboldt, which is to be stetted at Berlin, DEATH or Sin J. L. LUSHINGTON.—We regret to announce the death of General Sir James Law Luahisr ton, o.C.B.,wkich oacured at his reside not in Doreetequare, oa the afterner.n of Sundry last. The deemed general was the son of the Rev. Jamie Biepla n Lushington. 'IOW of Newcastle-upon-TS me, ant prebendary of Cartels Cathedra; and brother to the Right lion. Stephen Rumbeld Lashing ton, who was for many years chairmanways and m. ate" in the House of Comtoune, and s übsequently inventor of Madras. He wee born at Bottealtsm, Cam bridgeshire, io 1779. He was in the military service of the East ladle Company u colonel of the 3rd Madras Light Cavalry, and was made a general Mite army ha 1854. He woe elected • dlretocr piths Bata India Comeany In 1327, end was deptity-clabotan in 1836-T, and chairman in 11138-9. He rapreamted Peter 'Raid, Hastings, and Carlisle at various times in the House of Commons. SALE OP Tire CORPORATION BANQUETING Bence.—Yerterday, at noon, Mr. Pullen sold by potato auction the ce lebrated City of London Corporation buqueta log bum., the Marla Wood, by order of the City Lands Comroittee. 'f hie v,reel was built 43 years ago, and titted with the utmost elegance end Shiers.' fir the " rummer excursions" of the minibus of the corp estion and their wives and daughters. Tte vessel lass enriatened the Maria Wood, In consequence of her haying been Malt alien Sir Matthew Wood was Lord Mayor in 1816. She met a piraids Of 3,000/., and not long *MCC allw was frp4red at cou-iierable expense. The comae coney of the Thames having beta taken from the Corporation of la odor., and ovoid in a special buret, the corporation could nn loogar pretend to requires reseel far the purpee either of mon e hog " on view" to Oxforit, Yantlet Creek, or even to 11i , Mound, and hence in the course of the last year (the .14 N.vigatou Con:mates being dieolved), the City Lando Commiiti e agreed to re:l ths old harp, and place the procetds in the h tads tLe Chem , berlain is " Cify Caa'l." 4111. W.la slued for the Maria, i tied Alderman Ilumphtry was the purchaser. A conrider j able nunilor of the members of the e operation were present at the mozion. CITY SEWERS COSISITSSION.—The Conimissionern - - ed Professor Morris is delivering a course of lectures d pre Se ,nrin cri a. tn' A t ) re ° Yreern ted latio at aGeurial 1!6-11, Me t l : t i r t . h D e c e , : i ' ll tY a l3 s arn to the at the Royal la/Station on " Geological Science," and his I accumulation of ecarengerd refuse on a portion of the recent sal yeaterday was chid), on the carboniferout striae of site of Sm'thfield.tuatkit, end the re n , of p triog-steneri The subject, after some &remake., woo referred t theme rocks in England which contain the coal measure', and on (Aker. D r. L tl ee b q , medical officer of ht alth , re the ge 'graphical extent and eoonomic itoportmco of coal. I poroed 00 the ear. of 206 timber, tit er had been imperted Account, from Cork 'peak of the melancholy and during the we 1:, and oubmitred • list of 24 hoop a requiring sanitary deeertad state to which that harbour is reduced by the war in " t Ire tt it wick ' di.ovet a vol . •iiis , actory s tate of Inetead of a great erne of waste, from which fluted the public health, only 2 1 deaths ha v ing been returned, • nprel lent In Va. i pirtionloa. Th. mortality I ' the Raga of all nations, there is nothing now bat a silent I against t6-the avenge numb r for the correa p ondin g period wars of waters. The examination for the fellowship at Trinity of the last throe years. Tea a the death, were among Dot front phi! Ws and one from bronohtta ; infanta, nod only tour among old pesos. There wee one College, Dublin, commences on the 15th of next month. It being the only deaths front diseases of the roapiratory Wen& being the first recency foe tome years put, the comPlatilms Of the zymotie awe, there were two d. nth* trout booming will be unusually numervuo. At present no kes than nine cough, roe Irani continual fence, en 5 rein/ tryaipels i ai, one otradidates sre in the hell, bat it bt probable that thl• saw 1 "!" d'PhiLlrit% ibtre!'" t f "" " a . 1 :;,4 her will he diminished when th e examinatkin day GMT's. . aairher Forty eta baths wets most The new screw steam frigate Emerald, Capt. CRYSTAL PALACR.— Toe groat fountains and whole ecu duri 6t ni f tim - ( Olr. viz ,23 of each ea. Arthur Castrate& and the new screw steam corvette Cad- Greco woo coma al* tote dinplaj oil for the Silt time new, Capt. Malys:, now at filisatneer, reedy is join the this sewn on Setuiday hex*. St °old the h et:vb.: b pi:ore Channel 'quadroon will proceed to the Great Neu, end f•"°" 1 " bt " " gnatn" Et r e 4 e t d e d img now Sit brilhast wish the b loom u rise u. en roue there remain to salute the Prioress Royal of Plllllalli on her Amoricau ahrute. The view from the t orsees in the valley, 54alage down the Themes. Hoc hiabasla trill ma - near the order., and nom the archery ground, is alone well bulk from Grarerend to-morrow. worth a visit to ridratsin. 1 w. arrives. .... Mew Nasal tare, E Lathe Ae'a 'Polon Make sow,: Troia{ Polito Pirate, Pbsat Oleah Carlot berm Tea Griffil Brow Pal Lore. OT f, and Eg the fg !Litt to t Mar of El tecn ar P se OIL