The Express. — London, England, 1862-05-12 00:00:00

GEO. siffra AND 00.11 PUBS EXTRACT of CALVES' FEET, For layidids and Wintry U.S. Odd la ed. It., ta, and 48. yeasts, by ell ebrodais, Vocal% Le. ttaliUlaCrOßY, 13, LITTLA rostirmrer.. gegen". W. ZOOND-HAND PIANOFORTES. BIALI, and WOOD have large sesortmeat §aeocesdimod Plemelartee, by the most esteemed awaken, et malty Mused yeissit-101. Redid'-stmt.. Vie erpregigi. TO 0011.21ZSPONDINTIL ,dverttheasenta intended tor " The Ewer" London Waning paper, must be at the old" 10, Bouvertettmet, by Two 0 dock on the day of pubikaties. ILTMILIDT. TIM Encino, TIN WOLF AND THZ LANS. —OM ALIMLICAN COI3BIN. News. floem esekeloas. Brien ; Tara Yowl& NM Wm.—Lk OONTILABAN DIUTA. Pima Nona wad Stoat Moragas.—Aril Y 7 HIIIIRABIN GHOST. Tan Enema, CA.Blll76llPlii. Mks Maria Hurls. aad HAMM'. Moms. rockier. ardor, Potter, Ohm Jordan. Widdicomb, Meadows. Cathcart, liisynioad, sad Mule ; Mims Elaworthy and CariottaLecloreq. W. JAIIIIIIS. Tam Winn. A CONFoCIUPLE;- - PAINCZ AMABIL : or. The Fahey Roam Ileum MaPbetra, Bellmore, mut khley ; Mtn N. Moore, Mn P. Matthew; sad the Woos Nelson. —And UNA= PHI 106L—Oomaseace at re. BILITANMA. TED trumps. 01711 WT IN LUZ. Madames S. Lane and Cranford.—Zotarlainenanta br Wu& POMO and Mr. IlarladpuL And TRZ OLD MAID IN TES WINDING SHUT. Was Z. Clayton—Conanssos at 4. HIGH WATJ3 ♦T LONDON NAM& TIM DAY —Morning. Ob. 5a... Altana" O. 300. TO-NOIAON-I(arsiag. M. Wm..— Afternoon. lh. YOzn. LONDON, MONDAY, MAY 12. LOOXING to the statistics of cotton, it must be admitted that there are u yet no signs of coming relief. The complaint is not yet that there is no cotton at all, nor is it likely that the stock will ever be entirely exhausted, for it is the very na ture of commerce to husband and eke out the existing supply of any scarce commodity, one mode consisting in putting a price upon it which vir tually prohibits its consumption. This is really what is occurring now with ootton, and the arrival at the dead-lock is accelerated by the refusal of the foreign markets for our cotton fabrics, over stocked as they are, to respond to the rise which has taken place in the e price of the raw material. To a casual inquire; the alarmed tone which has prevailed all through the last month might seem unwarranted in face of the fact that the stock actually in band in Liverpool at this moment is almost precisely the same in amount as it was a month ago. There is certainly some comfort in the reflection that we have got over another month of the cotton scarcity without ruin. The maintenance of the stock arises partly from the diminished consumption, and partly from the arrival of about 180,000 bales from various quarters. The fact that, notwithstanding the temptation involved in the exorbitant price, only 9,300 bales of this quantity consisted of Ame _ rican cotton, and that only a portion of this small quantity has run the blockade, deserves to be placed on record from the cogent proof it affords of the ' practical effectiveness of that blockade. The decline I in the stock of American cotton in this country points in the same direction, the power of replenishment being cut off ; the decrease during the last month is about 20,000 bales, and the total quantity of American in stock is little above 120,000. In speculative times this amount of cotton has been turned over in a single week in the Liverpool market. The stock of all kinds of cotton at Liverpool is now computed at but 348,000 bales ; at this period last year it was 978,000. And when we look to the coming supplies, the extent of the deficiency becomes still more serious. Thus, at this time last year there were " on the water" 225,000 bales of East Indian cotton and 330,000 bales of American, making together 555,000, whilst now we have to look for only 173,000 bales of East Indian and no Ameri can at all. At present, therefore, it is impossible to say that there is any relief at hand. As we have before remarked, however, it would be an error to attribute the existing prostration of the greatest of our manufactures entirely to a single cause—the scarcity and h'gh pike of cotton ; for there is a second and potent one—the over stocked condition of the great foreign markets where the produce of our industry is consumed. If prices rose there in proportion, the position of the trade would be greatly simplified, but this is effectually prevented by the immoderate extent of former consignments from this country. The trade at home have looked with mingled wonder and disappo'stment at the capacity displayed by foreign markets to dispense with fresh supplies from this country. To some quarters none have been sent for the past nine months, yet no urgent demand is experienced. The longer the foreign consumer can hold off the more profound must of course be the depression of business here. The errors of the extravagant shippers of a year or two back are now being severely visited upon them and the whole trade. There has been too much heedlessness, too much speculation, and too much forcing of consign ments, under the encouragement of immoderate pecuniary advances. Nothing can be more unsafe than a shipping .rode formed upon a narrow basis of credit, and dependent for support excldsively upon borrowed money. Any miscalculation of even moderate extent—any fit of congestion in the money market—may bring such a fabric headlong to the ground, and involve in loss or absolute ruin many whose only fault (not a ye- nial one) has been that of over-indulgent-a or voluntat g blindness. Upon the pre sent occasion the civil war in Ame rica, with the consequent rise in the prices of cotton and cotton fabrics, though fol lowed with comparative slowness by foreign market*, has come to the rescue of the specula tive shippers of goods. There is a strong suspi cion in some quarters that but for these events, and the curtailment of production thereby neces sitated, the effect of which is to raise the prices of existing stocks of commodities, a frightful amount 1 of loam would ere long have occurred. There has evidently been no disposition to take warning, and it is very possible that those who have now been rescued by events upon which they could not have based any mercantile calculations, will hereafter be ready as ever to plunge again into perilous waters. Amid the prevailing distress of the trade, it is some consolation to think of the looses that have been averted, and of the relief that will be given to foreign markets, which will prooably be placed by the mere force of circumstances in a healthier position than has been known for years. The beneficial effects of this will hereafter be felt from the highest to the lowest department of the manufacture. Fortunately, the improvement in the Indian finances has made such progress that the government has found itself in a position to rodeos by 50 per cent. the duties both on cotton goods and yarn, and this catosesion affords a ray of hope at a moment when it ie peculiarly welcome. In Hampshire the hop plant loot well. A num ber of the pleats are already tear test high. gDc eon. LA: ET IItrELLIGEI AikalticA.; E. MAT • SI Her Majesty walked yeefirday morning, and drove out in the afternoon with Princess Helena, attended by Lady Anglia& Etas MAY 10. The Queen walked yesterday morning, and drove in the afternoon, attended by the Dasher of Athole. A Cabinet Council was held on Saturday at the official residence of the First Lord of the Traisury in Downing-street. The ministers present were Viscount Palmerston, Earl Granville, Sir George Grey, Earl Russell, the Duke of Newcastle, S►r G. C. Lewis, the Chancellor of the Exchequer, the Duke of Somerset, the Right Hon. T. Milner Gibson, the Right Hon. Edward Cardwell, Lord Stanley of Alderley, and the Right Hon. C. P. Villiers. Despatches were meat on Eletarday from the Crdoeisl ease to the mimes of Malta, the Cape of Good Hope, Hoeg-Kong, Laboaa, Gibraltar, Canada, the Bahama", and to the Lord High Commissioasr al the 'mien Wands. VISIT OF HIS ROYAL HIOIIIIIOIB PRINCE ARTHUR TO DsvonalaL The Vivid, 2, paddle-wheel visual, Master H. W. Allen, tender to the Fiaprd, arrived at Devoaport on Saturday with his Royal Highness Prince Arthur on board, attended by Major Elphinstone and the Rev. W. R. Jolley. The Vivid embarked his Royal High ness and suite at Osborne es Monday for a anise to the westward. At Exmouth the Prince landed and visited Waiter. His Royal Highness afterwards visited Torquay, Totems, and Dartmouth, proeseding hoar Dartmouth to Dimmed. At Devouport on Saturday he inqmoied the Royal Dockyard and Keyham Steam-yard, and her Ha jesty's steamer Warrior, and dined with the Port Admiral in the evening. He I expected to remain at that port until to-morrow. The Aberdeen Herald of Saturday sari :—" Her Majesty has lived in quiet retirement lace her arrival at BalmoraL Every thing and place in and around the palace are full of associations of the late lamented Prince, and no doubt, as each sight is brought freshly to her view, an additional pang is added to her sorrowing heart. The palace moms duller than it was before she cams. There is not a servant within the policies but is clothed in deep mourning. The Queen remains in the strictest privacy. At times she takes a short drive in her carriage to a die• _ twice of five or six miles from the male. She has, an is mend with her at Balmoral, called on a number of thuds. -- - -- -- -- --, Ong cottage's on the royal estates—kindly inquiring into their circumatances, and relieving their wants when news- eery. The Duke of Argyll ii - ;till in stteodatiee it Bel. The Duke and Duchess of Sutherland had a din ner party on Saturday, at Stafford Hones, St. James's. There were present the Duke and Duchess of Manchester, the Marquis of Harlington, the Earl and Countess of Tat kerville, Count Ssecheoyi, Count risky, Count o.Seechenyi, Lord and Lady Begot, Captain Bateson, Mr. and Mr.. Caulfield, Mr. end Mrs. Bateson, Mr. Deism, fon. The Archbishop of Canterbury continues to im prove in health, and, although slowly, is untistactorily pro graming towards recovery from his recent illness. The Karl Granville entertained at dinner on Saturday evening at his residence in Benton-street his Excellency the Turkish Ambeamdor, his Excellency the Belgian Minkter, his Excellency the Bradlian Minister, Count Brandenburg, the MarqMs of Clanrioarde, the Earl Stenhope, VISOOOIi Sydney, Lord Stanley of Aklerley, Viscount de Villa Maier, Lord Chief Justice Cockburn, the Marquis Omar, Mr. H. Monektou Mina, M.P., Mr. Henry Roan, Mr. Hoary Doyle, M•. Gram, Mr. Hoene, Dr. Quin, Dr. Bananalt, Mr. Thou= Basing. ILP., Mr. Woods, Mr. Pennon, Mr. lidemande, Mr. C. F. Warns, Mr. Weisner, Mr. Hollins, Dr. Fink, Mr. Vogt, Mr. Altgrat, Mr. Diets, Mr. Ardt, kn. The Earl and Countess of Derby left town on Saturday for Tuobridge-wellA to pass a tow days. The Earl and Countess of Lichfield and family have left Loodon for Shagborough. The Ladies Cornwallis have issued cards for a ball, to take place on Tuesday, Jane 3, at Lady Mary ROWS residence, in Portland•place. Lady Emily Peel is detained in Paris by indis position. Viscount and Viscountess Palmerston enter tained the Russian Ambassador and Busman Brannon, the Hanoverian Minister, the Fart and Countess of Shaftesbury end Lady Victoria Ashley, Earl Cowper, the Berl of Annisley, Lard Bulletin, Lady Harriet Ashley, Lady Dufferin, Hon. Charles Murray, Hoe. Gilbert Heath note, Sir John and Lady Milbanke and Mies Mil bank*, Mr. Vine:, Sze., at dinner on Saturday evening, at Cambridge House, Piccadilly. Later in the evening Lady Palmerston had a " reception," at which a very nu morons and distinguished civele eencogatel. The Japanese envoy and two plenipotentiaries, together with the prin. cipel secretary of the missioe snivel at ha"-past 10 o'clock, and did not leave till ;ready midnight. The die languished strangers appeared to thoroughly enjoy ell that passed around them, and seemed gratified at the curiosity evinced by many of Lady Primerrion's fair visitors. Madame Thiebanit has left Ireland with her oblides.. The 300-pounder Armstrong gnu has been offi cially reported, after proof, as fit for service. The flaw in the bore to which some allusion has been made is repro seated as unimportant. The experiment against Captain Colee's cupola will take place as soon as the naval prepara tions are completed. instructions were on Saturday issued, notifying that henceforth, until further orders, visitors who are British subjects will be allowed to go through the entire establishment of the Royal Arsenal at Woolwich on Tues days and Thursdays without tickets, on presenting them selves for that purpose to the police officers at the entrance gates. Competent persons from each department will be is attendance there to escort them, in pieties of 20 each. I The visiting hours will be from 2to half-pest 4. The regula tions relating to foreign visitor—namely, by tickets obtained from the War Department through the medium of their respective ambassadors and consuls—will remain as heretofore. A " Lancashire Lad " writes to the Times :— "The distress is still increasing, and will shortly be so I gnat that local means will be utterly inadequate to cope with it. An increased pwirrate will not do, for that would only extend the distress to a class a little above the opera tives, while the better part of the operatives would shun such a plan of relict 'nevi must be a general fund ; and I em emboldened thus to plead for it by seeing how, with all that has been done to cool the warmth of the benevo lent, there has even now been a large sum collected. A committee formed, fluids would flow in feat. Meanwhile, we down here are continually enlarging our experience of the destitution and misery aris ing from this cotton dearth. I see that some complain that the pictures of distress are overdrawn. Such is not the ease. The statistics which have been given of the extent of the &trees must go far to show that the indivi dual case., bad as they seem to be, must be literally true. Those thousands of operatives cannot go and lie dormant for a twelvemonth. They must have bread each day ; and to get that bread they most part with what will give the means to purchase bread. Hence the empty houses and the pecu liar cues which have been described. But Ido not think the worst is known. In our Sunday wheals, and among our pious poor, we are beginnin; to see a kind of distress which has been very deep, but which has sofas been hidden, and is only coming to light by degrees. I trust that my plea will be heard, and that there are gentleman in London who will take up the matter as 1 work sealready for the Lan undtire operatives." The returns of the savings' banks in the state of New York show that the aggregate deposits on the Ist of Jaacery, 1862, were 64,083,150 dollars, or lees than on the be of January, 1861, by 3,367,247 dollars. DaringlB6l 4,759 life policies, representing nearly si millions et nitlng, bake' ng to the chief life insurance companies in the Federal States, lapsed, in consequence of Vie rebellion. Nearly all the policies of those insurance l ieu held in the Confederate States have fallen through. 1 1 Among the persona appointed to give an amount et the Great Rxhibitioa in the Parisian peen is IL Alfred Medan, who ads ea this ireceinioa as spinal sesreepoodeat is the Connie du Dissertate. K. Mogan hos NOR but one fins thing in London, and that is the peeks. " The Luxembourg and the Tamils do net appmeelt them. They are vest prairies, where you sea Iseloi d amp hrowebei *WWI ameedg women and Mabee, who are lyies dews GM the gawk Of playing on it. In this amide the nth superiority of London, and I must admit that Paris has aothing line it." (smarries ?mai VISIT OF KING VICTOR SICILY. BELGIUM. THE HEALTH OF THE KING. THE EXPRESS, , MONDAY EVENING, MAY 12, 1862. Hotel, will put in force whatever other measures are neves. sary fir the securine of public order. The seizure of We, the greatest city of the Tedenoa Davis Cmaederaiiy, will be a terrible disheartenment for the rebels, and is in Reel( almost equivalent to a defeat of Beaureprd's army at Corinth, if that army has not yet been destroyed by the tortes of General Halleck. At ell events, it will compel the rebels of the south-west to fight their Urn battle on their presentline of operation. Besuregardis premed, if not already assailed, by Halleck in front ; General Mitchel will prevent his retreat toward Mobile ; Butler forbids his approach to New Orleans ; and our gunboats Can par up the Mississippi and attack Memphis in front—acting in con junction with Commodore Foote above. The way is also opened for the gunboats to gam up the Red River and ma'am the entire State of Louisiana to Shreveport ; to peas tip the Arkansas River and through the entire State of Adams. to Fort Smith ; and to par up the Yazoo River and through a great pert of the State of Mississippi. In fad s it opens up a passage through more than a half of the remnant of a Confederacy still nominally held by the rebel rulers. Thus, by this splendid stroke of our river navy, we see not only the fall of the Southern Metropolis, hat also a moral and territorial gain for the national cause, which far overshadows in importance even this. If the mews be allowed to reach the rebel army at Corinth—and It metainly cannot be kept from it for more than a day or two, it must complete its demoralisation ; for it will demon. skate beyond a peradventure that the cause in which it 1 lights is hopeless. There can be no prospect to the rebels ' et re-capturing the city : for the railroad leading to it will be destroyed, and a descent by the river is Impossible. The whole of Southern Louisiana is a vast plain, and in me event can the rebels make a stand anywhere near the city. New Orleans is the great commercial and financial em porium of the South. It is to the Gulf tout what New York Is to the Atlantic coast. Its fall will be to the South a worse blow even than the capture of New York by an l eeway would be to the North. Through it more than half of the cotton crop of the entire South passes to the world, while its exports of sugar, molasses, tobacco, and corn ex ceed those of any other southern city. There is, probably, not much cotton there now, but the fact that we elm vir tnally parses a great part of the cotton-growing territory, will secure its speedy export with or without the will of the planters. The Confederates are supposed to have carried away from New Orleans 18,000,000 dollars in specie. The effect of the news on cotton was not material, but Federal government securities rose 3 per cent., and Treasury notes advanced to 14 prem. The Swedish and Norwegian ministers have re turned to Washington. They did not proceed to Richmond. _ . . ----- --- The Secretary of the Spaniah Legation has left Fortress Monroe under a flag of truce for the South. President Lincoln has visited the French frigate Bassenda at Washington navy-yard. The French minister received Mr. Lincoln on board. The yards of the vessels were manned and a national salute was fired at the President's arrival and departure. General HaHeck officially reports that General Beauregard has been strongly reinforced since the last battle at Corinth. _ . General Banks's advance has been checked by the destruction of the bridges across the Shenandoah. The Confederate General Jackson is said to have been reinforced, and to be sixteen miles from Har risonburg. The New York Herald thinks that the new slave trade suppression treaty with England, which grants mutual right of search, will be sure to lead to col lision with that country, and rejoices at the prospect. The North American was intercepted at Cape Race on the 27th. The Bremen has arrived out. The Confederates still occupied Forts Phillips and Jackson, and have evacuated and destroyed the forte on Lake Pontchartrain. General Butler's forces would approach New Orleans by way of the lake% and land at the rear of the city. News had not yet been received of his movements, but it was supposed that he has arrived at New Orleans. It is supposed that the Confederate General Lovill may take his forces to reinforce General Beauregard at Corinth. A portion of the Confederate fleet from New Or leans is reported to have arrived at Fort Wright on the Mississippi, and to have attacked the Federal gunboats which were bombarding that fort. A battle was expected to take place north of Richmond between the divisions of Generals Banks and M'Dowell and the Confederates under Generals Jackson and Gustavus Smith. Both belligerents in this section bad been largely reinforced. A great rise of the Mississippi river has occurred, and New Madrid and Columbus are under water. The freshet is reported to be disastrous in that part of the country. A Congressional Committee has issued a report that the Confederates committed inhuman atroci ties upon the Federal dead and wounded after the battle of Bull's Run. Affairs at Yorktown unchanged. The cotton planters in Alabama have restricted the cultivation of cotton to 6001 be. for each hand employed, and recommend the cultivation of bread stuff' instead. COMMERCIAL INTELLIGENCE. NEW YORK, MAT 1, Enaturo. Money abundant. Gold 2} prem. Exchange steady, at 112 g. Stocks large, speculative sales. United States Registered Sixes, 97 ; ditto Coupon Sixes, 98. Treasury notes, 2 per cent. premium. Cotton inactive. Breodstuffs firm. QUEENSTOWN, MAY 11. The Royal Mail steamship Canada, from Boston on the 90th tilt and Halifax on the 2nd instant, arrived here at 11.10 a.m. She brings 108 pas sengers and 50,000 dollars in specie. The Canada landed 83 sacks of mails and 13 passengers, and proceeded at 11.20 a. m. for Liverpool; all well. (1,3011 OUR owl MESSINA, May 11, Evzinse. The King arrived here to-day, and was received with the greatest enthusiasm. ATe Deem was sung in the Cathedral, which his Majesty attended. The King will visit the theatre this evening. The city is illuminated. BRUSSEL% NAY 12. According to the Moniteur Beige of this morning, and more recent information derived from other sources, the state of the King is satisfactory. His Majesty's health continues to improve, and promises to be soon re-established. It is stated that a distinguished French admiral holding an important command has petitioned the Emperor to be permitted to resign, in order to devote himself to the completion of • fulminating ram which he has invented. He expects with this instrument not only to defend the ship under his command, but to blow up that of his assailant. The Bombay Saturday Review believes that the Persian route of the overland telegraph to ladle has been definitively *beamed on account of the exorbitant terms which the Shah of Persia has demanded for allowing the telegraph to um through his dominions, and for persarter ing its moiety. It has been proposed in order to avail Persia to lay down • submarine cable across the mouth of the Panama Gulf, from Clamber to Muscat. Another pima is to carry the wire up the gulf to Kinshia island, sad then cross over to the Arabian oast by means of short cables, to the idea& of Sudsy, Baum, sad Sher* then for the wire to proceed down the Arabian oust from Bas el Kbymab, through the town, of Dibba, Saar, and Sumba to Museat, sod from thence direct on to Bagdad. EXPRESS BROM PARIS. SUIEDAY Bream The /ifortiteur publishes a full translation of the Daily News' report of Lord Palmerston's speech, and notices in its bulletin that "Lord Palmerston rendered a loyal homage to the French alliance, which so powerfully contributed to prevent a con flict between England and the United States." The official journal also observes that the English Minister, "being provoked by Mr. Disraeli, ad mitted much more distinctly than in his 'porch be fore Easter that the catholic government of France might well—on the Roman question, for example —not have the same views u the protestant govern ment of England." The Constiturionnel says : This time the noble lord showed himself altogether just towards France and her sovereign, without aoy of those queer restrictions of which he lately gays us an example. Prince Napoleon did positively leave Paris bat evening, and he is expected in Naples on Wednes day. The note in the Moniteur, affirming that he has no political mission from the Emperor, will hardly be thought to diminish the importance of his visit to his father-in-law, the King of Italy, at this particular moment. The Debate has received a comneuniqud, on ac count of an article of IL Paradol'a, relative to M. de Chergd'a petition to the Senate. The Minister of the Interior resents the imputation, which he collects from the article, that the necessary fate of petitions is to be "stifled either by the Senate or by the government." He gives explanations of the two instances adduced by M. Paradol, to show the practical difficulty of getting redress from the Senate. The petition of M. Montfleury, against certain unconstitutional decrees touching the administration of the city of Paris, stands over only bemuse in a conference with the committee on petitions "the government led them to hope that a satisfactory solution would be found, and that, in point of fact, a bill on the subject is now before the Council of State." In regard to the mutilation of the Luxembourg gardens, the minister says that, although on account of the expense which mould have been entailed by an alteration of the plans of the city of Paris to the extent called for by the petition of the inhabitants of the quarter, the recommendation of the Senate has not been alto gether followed ; yet that, in deference to it, the Prefect of the Seine has made some changes. Under these circumstances, the Debater is to be congratulated for having escaped with a communique instead of a warning. Since the minister is anxious to proclaim the efficacy of the intervention of the Senate, peti tions may be expected to increase and multiply; and perhaps, at no distant time, we may have to record some more tangible results of them than any that have hitherto come to light. Perhaps, also, if any con siderable redress of grievances should be achieved by petitions to the Senate, it may be found out hereafter that, instead of imposing upon that august body the duty of examining and solemnly reporting upon a mass of undigested petitions, the majority of which must necessarily be frivolous and vexa tious, the more simple and direct way of giving effect to the public voice will be to restore the initiative of the representatives of the people in their own house. A man named Klein, who was convicted last week of robbing the poor-box in the church of Viroflay, was the author of a pamphlet in favour of the Pope's temporal power. The following flattering letter, addressed to him by the Bishop of Versailles, was read at the trial : _ Bishopric of Families, Families, Feb. 10, 1862. ifonsteur,-1 have read your work, and 1 have taken it to the Pope's nuncio. We admire your sentiments and your courage. Yon are right. Your reasons are just. You defend the cause of the Holy Father admirably wall. lan glad to tell you this, and to render homage to your good intentions. I bless and salute you. + P. Manor or Vsassmiza. The Correctional Court of Paris did not think this testimonial a sufficient excuse for M. Klein's practical notions of temporalities, and the bishop's oorreepondent was sentenced to 13 mouths' imprisonment. CAPTURE OF NEW ORLEANS BY THE FEDERAL& NEW YORE, Aram 28. (Per Canada, via Queenstown.) The following are all the despatches which have been received up to the present time concerning the highly important intelligence of the capture of New Orleans by the Federal foroes. All the re ports have come through Southern sources. The Federal government advices from the squadron off New Orleans only reached to Aprill2, at which the steamships Mississippi and Pensacola were over the bar, and the Federal flotilla was moving to be in readiness to take their position. The first despatches concerning the capture were from General M'Dowell, at Fredericksburg, and from General Wool, at Fortress Monroe, and are as follows: " Fortress Monroe, April 27. " Hon. B. M. Stanton, SecretaryofWar. "A; fugitive black, just arrived from Ports mouth, brings the Petersburg Express of yesterday, which contains the followiug despatch : " ' Mobile, April 25. " The enemy passed Fort Jackson at four a.m. yesterday. When the news reached New Orleans the excitement was boundless. Martial law was put in full force, and business was completely sus pended. " All the cotton and steamboats, except such as were necessary to transport corn, ammunition &c., were destroyed. " At one o'clock to-day the telegraph operator bid us good bye, saying that the enemy had ap peared before the city.' " Thia is the last we know regarding the fall. Will send particulars as soon as they can be had. " The negro bringing the above reports that the rebels have two iron-clad steamers nearly completed, and it is believed that the Merrimac will be out to-morrow. " Joint E. Wool." " Head-quarters of the Department of the Rappahannock, April 27. " Hon. R. M. Stanton, Secretary of War. "I have just returned from the camp opposite Fredericksburg. I was told that the Richmond Examiner of the 26th had been received in town announcing as follows : "'NEW ORLEANS TAKEN. "Great destruction of property, cotton, and steamboats ; steamboats enough saved to take away their ammunition. Great consternation of the inhabitants. 6 6 6 IRWIN M‘Dowitir., Major-General.' " General Wool forwarded the following addi. tional later despatch : - " ' Fortress Monroe, April 28. " To HON. N. Y. STANTON. " News of the occupation of New Orleans jby our forces is confirmed to-day. " 'No further news. (Signed) " Joaw E. WooL.' " In addition to this, the following despatches were reoeired in New York : " Fortress Monroe, April 27. " A despatch in yesterday's Richmond papers, received by a flag of truce, d►ted Mob;le, Friday, says that the Union gunboats passed Forte Jack son and St. Phillip at four a.m. on Thursday ;'and at one o'clock the same afternoon were before New Orleans. A rumour was current in Norfolk last night that New Orleans had surrendered." "Fortress Monroe, April 2& " A flag of truce to-day took despatches and let ters to prisoners. No papers were received. "The telegraph operators having left New Or- leans, there is no news from there. The operators attempted to return, but found the city occupied by the Federal forces." NEW YORK, MAY 1, Mointga. A Richmond despatch of the 28th ult. says : " Official despatches received yesterday confirm the fall of New Orleans. The Federal fleet approached the city and demanded its sur render. The Confederate General Lovell re fused to surrender, but evacuated the city with his troopa,falling back to Camp Moore, on the Jackson Railroad, after having destroyed the cot ton stores, which he was unable to remove. " The iron-clad steamer Mississippi was burnt to prevent her falling into the possession of the Fe deral& Camp Moore is situated 75 miles from Orleans." The New York World publishes the following from its Washington correspondent : " I have reason to believe that there has been discussion at the Treasury department respecting the policy of raising the blockade of Southern ports as they came into possession of the Union forces, and I am assured by a gentle man who is in constant communication with the government, that there is little doubt that the blockade of New Orleans will be raised immediately on the Union authority being established there. It will be remembered that the blockade was not established along the whole line of the coast at one time, but part by part, and of course it can be raised by the same method." The New York Times sums up the news on the subject thus : The news of the capture of New Orleans, which we received from the South at a late hour lark night, clears up gloriously the mystery which (for some time) has hung around the movements of our navy and army upon the Lower liisaissippi. We had already had intelligence that oar bombketches had opened fire upon Fort Jackson, sixty miles below the city, and yesterday morning we published news, derived from the rebels, that one of our gunboats bad run peat that work. But the defenders of the fort, it was said, had sent word to their friends that they were confident of their strength, and were able to endure the shelling as long as our fleet was able to keep it up. That news was up to Tuesday last. It appears certain that, notwithstanding the rebel bombast, Fort Jackson, and probably also Fort St. Phillip, on the opposite side of the river were reduced that very day ; for by the gray dawn of We dnesday morning our armada had 'teemed past the fortifiestioos, and by noon it appeared, with power sad terror, before the Crescent City. At this point the telegram stops short, and leaves us corn. pletely in the dark as to what km bees done during the past four days. Whether General Butler, as is probable. sent in a demand for the capitulation of the city, and what may have followed—a compliance with or refusal of the terms of the demand—we do not yet know. But it is alto gather malikely that any serious attempt was made to de fend the city itself. Indeed, New Orleans was utterly tn. capable of detente, when once our Beet got in front of it. With 100 gun and mortar boats riding high above the city, ready to pour down upon it a torrent of Ire and iron, it would be madness for the rebuts to dream of any other terms than oneooditional mu-reader. It has been thought that the land force socompanying the expedition was too small to »poems a city which most still count somewhat like 160,000 lahabitaats ; and so it would be if the mili tary coothigent bad to act glom ; but the fact is that the naval arm, when ones raised over the city, was of itself suf ficient to hold it in complete subjectioa ; and the only work for the troops would be to seize and garrison some few important positions is the city, raise the stars sad stripes over the United Stated property and other palate pieese. and act as a reirseeive polies ham The rebels will be dieerstal ; the Union element, whisk is known to be drag in New Odom, wW bosqpeisi ; Tad Osemal Batter, hen his Itsedquarten in the St. Charles soisL" FIRES IN THE METROPOLIS. REPORT FROM THE PAR COMMITTEE. This morning the report from the select cons mitten of the House el Commons, appointed to inquire into the existing arrangements for the protection of life and , property against fires in London, was issued from the par- , liamentary printing- offios. The report itself is dated Thurs day last. The first 15 paragraphs of the report are occu pied with a description of the area covered by the inquiry, and a brief review of the various steps in the development of the appliances for extinguishing fires in London. Every witness, including the managers of the brigade, has admit ted that the present Sate of the staff, engines, and stations Is totally inadequate for the protection of London from fire. The committee espies, an opinion that the existing staff of the London Fire Brigade ought to be made available in con nexion with any new system. After alluding to the brigades of the dock companies and of some of the parishes, the. latter being charged on parochial rates, and eulogising the Society for the Protection of Life from Fire, they proceed to notice the arrangements in operation at Liverpool, Manchester, and Glasgow. Their reoommendations after reviewing the various points brought under considera tion by the evidence, are is follows :—"That a fire brigade be formed under the superintendence of the Oem missionen of Police, on a scheme to be approved by the Secretary of State for the Home Department, to form pert of the general establiehment of the metropolitan polies, and that the acts requiring perished to maintaia aegis's be repealed. 2. That an account of the expenditure of the DOW police fire brigade be annually laid before parliament, together with the general police amounts ; in such amasser that the special cost of the bripds may be ucertained. 3. That the area of the new fire brigade errangenneete be confined within the limits of the jurisdiction of the Metro , *aim Board of Works, with the option to other parish's to be included, if within the 1/06 of the metropolitan 00lIBT OF QUEEN'S BENCH. flittinp in Banco.—(Before Lord Chief Justice, Cockburn end Justifies Crompton, Blackburn, and Mellor.) MI QOM O. w ho ILNOTHZIL Yr. M. Chambees, Q. 0., with whom were Mr. Hawkins, Q.C., and Mr. Joyce, prayed the judgmeat of the court against Mr. Troia sad Mr. Hathway. who had been cow meted of • suissecre in laying down the tramway in the Westminster-road. Mr. Bovill, Q.C., with whom were Mr. Knapp end Mr, Garth, appeared on behalf of the defendants, mid the we stood in • peculiar poetical. There was a rule pending relative to the liability of certain vestrymen of Lambeth, who were indicted with the present Umbria/de. If the owe pasted a new trial in that case, the two defeodants thee t were equally entitled to that benefit, and he sa that the court ought not to paw sentence on these two defendant. until after the rule was disposed of. There was no precedent for the cause proposed by ths prosecution. The Lord Chief Julies said that in the event of the Court making the role absolute for a new trial in the awe of the veatryineo, would the prosecution undertake to pledge themselves to enter a idle prom/qui Ir Mr. Bovill said it was • very important matter. There wassraother indietensat pending with regard to the Birkenhead toessway in which similar points would arise, and there was alio the ease of the electric telegraph poste involviog a like qaew ties. The matter was now before parliament. There could be se &ale it was • mode of travelling beneficial to ths AMR. public with rapid to ease, cheapness, and • saving of Uwe TPA Led Chief Justine said that might be, but if it saw useful to some it might be undoubtedly a grievous nuisance to others. Mr. Bovill reminded their bedsides that there was so medial is fast sweet the other defendants. TIM Lad Chief Jangles asked what waa the state of the unleashes—me it eintionWg Mr. Chambers maid It was, and that accidents were dopy occurring. He suggested that the verdict should be mi. = s erl as against the other defendants. There iims preen for • heavy floe spinet Mr. Trak but wily to get the tramway takes up, a Mr. Toga would enter into a ride of mart to remove the trainwity lietWeen this sod next term, and pay all the caw in the promeutiost, or that he would pay the expenses of The Emperor and impress Napoleon and the doieg so maker • writ of prostration. King and Queered Holland meet Friday last at VeriaMee. The Lord Mel Justice the dilleulty was in dealing . with Mr. Train • IPhilik there was no verdict entered so Th•t° was • grand disuse, a t " " 150 "eats .at 4 " ra • sagest the seer dedmileets, and the rule for • new trial •The gnat waters played, and the town was illastinated at night. I wee Kr. seldiletPOWEed that it was compe t en t for police." The committee further state that " in their opinion no security an be given by legislation on this important ques tion which would supersede the necessity for individual care by the occupiers of houses against the risk of fire ; no precaution an prevent the occurrence of fires, nor can any public measures be enacted which could or should prevent individuals from suffering lasses from those acts of careless• nen from which fires generally arise ; public measures an only be of real service in arresting the progress of fires when they oocur,and in preventing the enormous lasses which arise from allowing a fire to attain toany considerable dimensioa Nor can any legislative enactments be ads which would probably prevent the necessity of Ire brigades be an maintained at the cost of ovate of Lego properties, suck as the docks ; it may even be reasonably quertiosed whether the owners of large properties, where goods are perseherly exposed to risk of fire, ought not to make ease amid pro tection for their own property ; for if a erases of rang were observed on the same plea aa at present SAWS tee county police rates, the property in warehouses would hardly be charged a aufficiat rate to entitle thou to deemead sore protection than is afforded geeerolly to other property throughout London ; if a larger degree of f s pense wee incurred by the new fire brigade especially or their pro tection, it would be only fair towards other ratepayers that they pa a larger portion of rates so increased for their special protection.* LAW INTELLIGENCE. (THIS DAY.) EQUITY COURT. (Before Vim-Chancellor Wood.) THZ ATTORNET-ORNERAL AT THE RELATION OP BARON BOTHRCHILD V. THE REBA:ERA' comeatit. This morning i this case came on for judgment. The suit is • remarkable instance of the difficult's' surrounding the acquisition and transfer of land. So far back as l'Cin steps were taken by the plaintiff and relator, Baron Roths child, to soquire an estate known as the Aston Clinton estate, which was held by the dethadenta, either as trade's for, or as owners, subject to • charge in favour of, St. Paul's School. At first the baron wished to buy the Lad, but that not being agreeable to the memestios, he undertook to purchase au estate to be con. veyed by ham to them in exchange for the Aston Clinton property. He accordingly did buy an estate, and an agree ment to exchange was Mene to between the parties. Rather, perhaps, it ought to be said that the parties agreed to ex change, for so "agreement" was ever oome to between them, unless an t to differ be in that category. For when the had agreed, the " agreement " had to be drawn up and sealed. And here commenced a mange of arms which has extended over more than two years, and is not yet at an end. The agreement WAS drawn by one aide, and sent to the other in draft in dm course ; them arose a long oorreeposdence between the legal advisers of the parties SI to it. provisions ; then there were references to counsel, and learned, if not concurrent, opinions taken about it ; then the drift went beck altered, in red, to the original drawers ; then there wee more correspondence, more opinions, and more alterations ; and so the draft went back again slimed in blue. This pleasing but not eoonomied operation MA repeated oftener than twice, at each treader the draft shining more and more like • very rainbow of coloured inks, and the parties exchanging, with their learning, pet a little, d their temper. And then came retribution and the irt of Clismary, when the dispute was put—taking the =in points from an immense mass of detail—in this wise :—On the 12th of July, 1511, Dean Colet,'d St. Paul's, executed • deed of foamed to the Worshipful Guild of the Hysteria of Merced', gadding to them =dein estate, at Aston Clinton, which were to be subject to ordinance* to be made by him relative to • school in the churchyard of St. Paula These ordinances were made by the dean and from that time the unfits of the lead in question have been Mihaly devoted to the eurpaes of St. Pad's School, and the surplus of them invested by the company in the funds. Whether or not, however, the company were actually in vested with the property as mere truatees, or whether the school has only a chargs roc ri to a certain amount, is a matter in dispute. P • to raise this question were team as early as the reign of me Elizabeth, but the corn /limy then stoutly denied the trust, and alleged they had inlj fulfilled all that could be required of them, as will be ease by the following extract from the answer which they then filed in this court :—" And these defendants say that the said complainant", end especially the said highs master being more proud and insolent, ea it esesse, tha n any of his predecessors were, or any ether the like, blutheth not to intrude himself, and off ento him the other complainants to intermeddle, and the shish governors, where they are to be served for salmis end wages. And they say they take it badly to be so taunted, rsyled on, =endued end troubled by such fac tious, turbulent mdeport fellows as the said complainants, for.the said defendants say that ss the said founder, a worthy and memorable man, of • most charitable end godlie mynde, to his great costs and charges, founded the said schole end endowed the same with lands for the =misname thieved, so their predeoressom and they have in discharge of their dude to God, and love towards their coundey, executed the trust reposed in them to the great pains and troubiesof many of the seadoompeny,and =dermas from Cherie= affairs and badness, and not for any gain or pfitt that any one of them ever reaped thereby, which deserveth better acceptance and rewards of men than obloquies and dander both to the defendants now lymig and theirs pdoesion deceased.' This question as to how and in what manner the ocameny are intended in the leads turned up again upon the pro. pseud exchange, and while the company insisted that they essli eenvey without the sanction of this coed or of per thement, the baron contended that one or both of these an. therMies sat be invoked in order to give him • good tali. the berek. therefore , instituted these proceeding', both with • dew el tompelling the company to make the szehange and of obtaining the necessary sanction to its bathe etheed eut. A further questios was also raised by the cross 7so to the adequacy of the vela of the estate propoaad to he given in exchange, the company contending that, even cup. poshig they were simply trustees for the charity, the ex. slimy was not of that beneficial nature which would M ises the court to decree them to carry It out. Mr. William James, Yr. Gifted, and Mr. Drum were for the baron ; Mr. Bolt, Sir H. Cairns, and Mr. Dickenson for the company. The Vice-Chancellor ' in giving judgmeat, remarked upon the peculiarity Of the frame of this suit, which stated no reason for calling upon the interference of the Court el Chancery in the affairs of this charity, beyond the re. glireenent of the baron to have his contract carried out, sat which made no provides for dealing with an alleged surplus of value of the estate to be given in exchange to the defendants. On the other hand, the de. fondants' case was a remarkable one, for, as pleaded, it went beyond their contention before suit, ,nd, es argued at the bar, it went still beyond the pleadings. In the outset the defendants' denied that there was any contract binding them to sell or exchange this property, and on that point his Honour was with them. There never was in fact any agreement binding the defendants to carry out the exchange. Beyond this in their answer the defendants claimed to have a right to hold the estates as their own, subject to a charge only of eighty odd pounds, which was the sum stated by Dean Colet as proper for the school. At the bar it was argued, more reasonably, that the company were entitled to the estates, subject to what was necessary for properly maintaining the school. In another point the argument went beyond what might be expected from the course of things prior to it. The company =de in their answer that they were not aware of any ream why the exchange should not be carried out, and yet on the hearing they went into evident to show that the value of the estate proposed in exchange was such that the court would not sanction that step. Passing these points, which were essential only to the question of mete, his Honour had to con e d whether this was a case in which the court ought to interfere for the benefit of the charity, them being, as he had already determined, no 'greened the company. As to this point it was considered this was a case of first impression, there Nag so authority for such an interference by the man beyond • dictum of Lord Brougham,that in the case of • manifeet benefit to a charity, the court would interfere se sow asked. There was no ground for placiog this sa high even as the dictum of Lord Brougham, and the ease failed in that aspect. There only remained this goer . dm, whether in respect ei the surplus rents there was • ease for the court to interfere in this i bill. Oa this ground the frame of the snit itself was against the plaintiff, aid however it might be decided on a proper application it could not be decided on this. On ell points, therefore, the suit foiled. As to costs, the baron hued. been put to groat sxxPsa and had some reason to complain of the defences w h ran been raised, and hence, though the information and bill must be &scathed, it would be without costs. The decree would therefore be " Dismiss bill and informatics without costs, and without prejudice to any question as to whether or D ot the defendants, the company, held the Man gisally conveyed by Dean Colet and the estates, stoths, sod funds purchased by them out of the surplus of those estates in trust for the charity." 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