The Express. — London, England, 1862-08-11 00:00:00

HENRY BRETT and CO., Brandy Diatillera and Wine Merchanta, 110LBOILN-BABS, and 90, ILEGLNI-STILZET, WATERLOO PLACE. .ODD. SMITH AND 1311,11 puRE °T o irvE fr FEET, For Invalids sad Colliery Um &Idle et, Is., Yo., and Os. pedcots. by all elorogsle grocers, de. lIICTUFACTOILY, LITTLZ POLTIAND-ST., itessiet.. W. SEOOND-HAND PIANOFORTES. of teove d- MANZ; D IAL; and WOOD have a large weastanest d Ptahatortee, by the moat etteereed Rubin. at greatly redeoad prime -101. hegentetawd. Ft' N, EVERY WEEK, ONE PENNY. glie erprelso. TO CORKEBTONDEMEE. Advertisements Mended for litprem London Evening per, laud be at the cam lib. Doeverlastreet, by Two o Jock on the day cd yehlkatiem RATMAZICIL THIS Fes-Irmo, FISH OUT OF WATZII. Mr. Comptoo.-011R AIIaILICAN cOUSIN. edema llothees. Yeekelose ; Kra Young, Xleaollver.—CELoll Y'CALLA or, Love and Jealousy. Peres Jena and Senor Morava—And FEZ CHLISTENING. raixemrit. Tins EclOrnia, THE iimpavotra.-LINO many 1111 ZIOHTH. Messrs Marks Kew Jordan, Potter. Raymond, J. F. Cathcart. Sweatt. Garden, and Meadows : Mrs. Clarke Kean and Muses Chapeaus—And THE TWO POLTS. RP. 111[>al THO Ilr. 0. Vining and Miss C. Carson.—BßlnTOL DIAMONDS. Mr. and Mrs. F. Matnews INDY Inow. Mesdames Herbert. C. at. Care, and R. Benne.— And A zuravax TICERT. The Mew Bourke.—Conunence BRITANNIA. Tat! !Mingo. THE PERIIII6BPISS. Mears. W. Cranford And Bigwood . Mrs. E. YarnoltL —Singing by Mr. J. H. Ogden, Mr. C. Woo.iman, Mr. J. rinmpton, and Mr. A. Sydney - To conclude with THE BLUE DWARF. Mr. J. Reynolds.—Commence at di. I":riarmo, MAZEPPA:=AIte w r . which SCENES IN THE CI Ri'LK Edna. llseottL—To conclude with a comic BALLET in which the Mimes Gunnies will appear.—Commence at 7. HIGH WATZI AT CONDOS BUDGE. Tuft DerLifonihr t. 01. 50nt..... Afternoon, 311. lOnt. I u-mOlteetr—ltorning, 3A. 30nt... Afternoon, 3n. trn. LONDON, MONDAY, AUGUST 11. Toe telegrams in advance of the mail which left Shanghae on the 18th June inform us that affairs at that place and at Ningpo were " much quieter," and the Taepings were " keeping back," though preparations continued to be made to give them a warm reception. The simple meaning of this is that people at Shanghae had recovered from the shock they experienced on finding that these rebels were considerably more difficult to deal with than they expected. At first sight it was all plain sail ing, and nothing seemed easier and more profitable than to shell the Taepings out of their stock aded towns, or bring them into such a state of confusion by the use of half a dozen Armstrong guns, that it became child's play to throw in a storming party of Marines and Zonaves. It is true that in the assault on Najow old Admiral Poivvrr happened to be killed, it having become • fashion for commanders-in-chief in China to expose themselves in a manner quite unusual elsewhere ; but he was the only one of the allied force who lost his life on that occasion, and the other casualties were very few in number. On the whole matters were going on most mer rily until the Taepings discovered that it was much more advantageous to rise up behind our troops than to make a stand before them. Whether this result followed from the advent of the Fighting King, or was due to an inference which even inferior minds may draw from prac tical experience, is of no consequence; it might have been expected and anticipated as the natural resort of • numerous and determined foe in a dia. tract of country so cut up by deep streams and by innumerable canals, crossed by bridges in tended only for foot passengers, that our for midable artillery could not easily or speedily be brought to bear at points where it was likely to be required. General STAVELZY, in his report pub lished in the Gazette of the sth instant, mentions that " the guns, provisions, and baggage " had to be " conveyed in country boats," owing to the character of the country on the line of march ; and these boats would have to follow many tedious windings and long digressions from the direct route. There was also another difficulty in the failure of the Imperialists to fulfil their promise of holding the towns which the Allies might capture. An attempt has been made to throw all the blame of the failure of the expe ditions upon this lapse of the Chinese authorities ; but such could hardly have been the case, as the Geneqd himself admits that " the occupation of " Riding alone did not prevent the rebels from " ravaging the country between it and Shanghae." What can be said of the generalship which, with the small means at its disposal, could attempt to clear the country within a radius of thirty miles from Shanghae 4 So far from this having been effected, a much smaller and easier enterprise has proved a complete failure, leaving matters in a vastly worse condition than they were before. The operations on which Ge neral STAVELEY reports were carried on to gain pos session of the Poo-tung Peninsula, • small tract of country in great part surrounded by the Shanghae River, the Yang-tsze, and the sea, so affording us every convenience for bases of operations, and allowing the rebels there little opportunity of being recruited from the main bodies of their force. If a few thousand English, French, and disciplined Chinese cannot hold that peninsula, then it will re quire a force of fifty thousand men to secure the entire radius of thirty miles, and about 500,000 to hold the province. During the retreat, or retirement, of the allied force, the Taepings " appeared in very great force," and attacked "it in the town, in front, and flanks con " tinually during the day, and eventually in the " evening made a movement round towards the " boats," in which were the artillery ammunition and supplies. The difficulties of transport also turned out to be very great, as the boats were con stantly grounding in shallow creeks, and it was found exceedingly difficult to protect any length ened line of them. Of course, the Allies had to withdraw, and the General declares that under present circumstances he is unable to do any thing more than protect the city of Shanghae itself. This unfortunate enterprise was undertaken for the special purpose of saving the people of Shanghae from starvation, and we are extremely sorry to observe that, instead of having done so, it only renders the impending evil more certain. The Taepings are now so incensed that they will not fail to form a cordon round the city for the purpose of cutting off its supplies. General Sxxvxxxv says that they " have marauding parties " ten miles from Shanghae, driving in the country " people, and burning their houses in every direo " tion. I apprehend, therefore, that the crops will " remain ungathered, and that famine must be the " consequence." Is this what some of our contem poraries mean by regenerating China and acting in the interests of humanity I The rebels have not usually been in the habit of meddling with the country people; but they do so in our imme diate neighbourhood. The Allies marched out to prevent the inhabitants of Shanghae from being starved, and the only result is that the people of all the country round are also subjected to that fearful suffering. If only about thirty thousand poor villagers are destroyed in this way, the Chinese must certainly regard the Taepings, the Imperialists, and their European "protector's"- with equal terror and detestation. In this frustrate attempt on the Poo-tung peninsula wo may see what will be the general re sult of the course, if it is still insisted on, which we have begun to pursue in China. In advancing against the Imperialists there was always some ' thing to grasp. They had their Yemenis their revenues, and their prestige to save by conces sions, yet their obstinacy in resistance was very great. At Pekin we had our hand upon the very throat of the Government, and not until it had received a rather severe squeeze did it condescend to come to terms for the moment. But the Tae pings are not to be so got hold of, for they have nothing which they cannot afford to lose. They disappear , at one point only to turn up at another. It is quite sufficient prestige for them that they can baffle, without being able openly to defeat, European forces. Their num bers and capacity for concealment and flight are so great that they can never be kept down so as to cease to be formidable. They grow upon that they feed on, recruiting their ranks from the places which they destroy ; and no town or village throughout the entire empire would be safe from them unless permanently occupied by a sufficient European force. Any operations we can under take in China will be powerless to im pose permanent protection and controL It would be easy to occupy Nanking, but the rebels would devastate the country round, as they have done in the cue of Kading, and soon after we left they would pass into the city and occupy it as before. Were we able by a prodigious effort and an army equal to those conflicting on the American continent to exclude them entirely from the valley of the Yang-faze, they would occupy the province of K wang-tung, and cut off supplies from Hong Kong. Even in such an insignificant matter as the occupation of the Poo-tung peninsula, the Imperialists showed, by yielding up the villages they had undertaken to garrison, that it is a delusion to suppose they will heartily 00-operate with us, and that their desire is to see the Allies and the Taepings engaged in check mating each other. Much as they dislike the Taeping, they fear and dislike much more the foreigner, from whose influence he has sprung, and regard it as the highest diplomacy that the two should be kept in conflict. THAT excess must be followed by reaction is once more proved by the financial events of the past week. To entertain four new foreign loans simultaneously namely, the Portuguese, the Peruvian, the Venezuelan, and the Egyptian— constituted excess ; for although the total amount of the draught entailed upon the money market may not be more than it can bear con veniently at a time when the legitimate trade de mand for accommodation is so much below an average, the stock markets must find difficulty in absorbing so large a mass of new securities in so short a space of tune. The only safe guide in such matters is moderation, and the competition of loan contractors sometimes renders it difficult to secure this. If three or four firms have been silently engaged in preparing new stock for the English public, directly one of them comes forward the others feel an uncontroll►ble impulse to follow its lead, as though they were under the hallucination that the early stirring competitor would absorb all the loose money in the market and leave none for them. The more prudent and reasonable course would be for houses who are forestalled in this way to wait with decent patience until those who have already engaged the ear of the market have concluded their business, and left the coast clear. There would then be a proper interval between each operation and its attendant payments; the Stock Exchange would have time to breathe ; those speculators who habitually take part in and support foreign loans would be able to detach themselves from one, in order to plunge into another ; and the market for this kind of securities, which is of only limited extent, would run less dangerof becoming overloaded. But such abstinence would seemingly accord ill with tho views of the persons who act as purveyors of new foreign stocks to the English market. With too many of them the chief aim seems to be to get the subscription lista well filled ; this done, the subscribers must take care of themselves. We have already pointed out that the crowding into a single week of a series of new loans which ought to have been spread over several months would inevitably be attended with public disappointment, because, from the distrac tion of the attention of the market amongst so many schemes, subscribers would find premiums disappear, and premiums constitute the only inducement to enter into such transactions. The applicants would thus no longer be able to fall back upon that margin of immediate profit which ought always to exist in the case of securities exposed to such numerous risks as foreign invest ments. The justice of this view is already shown. Of the four loans mentioned, one of them—the Peruvian—is already a disappointment, the scrip being only saleable at a discount, so that holders see their anticipated immediate profit entirely cut away. Very possibly, after the stock has been shifted into the hands which will permanently hold it, and after the extraordinarily large sinking fund has come fairly into play, the market for Peruvian Bonds may improve, but, just now, it is a question of the interim ; and in any cue the fact is clear enough that the holders do not stand at that profit— computed reasonably at at least 2 or 3 per cent.— without which, as a mere matter of business, it is really not worth while to subscribe to any new foreign loan. The rapidity with which the stock has sunk to its present point would seem to indicate that the price at which the new Peru vian Four-and-a-Half per Cent. Loan has been issued-93 per cent.—is too high, and that 90 or 91 should have been fixed, if the subscribing public were to be immediately and thoroughly satisfied with their investment. Another of the new loans—the Venezuelan— though standing relatively better than the Peruvian, inasmuch as it is at one-half per cent. premium, is likewise, in some sense, a present disappointment. It is brought out by a firm which for honour and general standing is excelled by none and equalled by few in the City of London. The price of issue —63 per cent. for a Six per Cent stock—is cer tainly low, if Venezuela presents any security at ' all ; yet in this case alio the gilt is off the ginger bread, for a loan 'is no real success, as a market operation f - if it offer to the subscriber only par cent. profit. A profit of so limited an amount is not adequate to cover the trouble and loss of interest on money, and to afford an insurance against the risks in separable from such transactions. Should the pacification of Venezuela be completed, sad the government walk straightly, a Venezuelan Six per Cent. stock at 63 may hereafter yield a large THE EXPRESS, MONDAY margin of profit to the original subscribers , but, considering the volcanic state of parties in those re gions, the fact that Venezuela has yet to earn a character for moral respectability, and the im portance of the contingencies depending on the life of the now aged PRFSI DENT, it may fairly be argued that a large future profit will be only a due guerdon for bondholders who now trust a country which hitherto has not shown herself deserving of trust. Venezuela has betrayed her bondholders in the past ; the present is the last opportunity she will be allowed of redeeming her character. The new Portuguese stock fulfils the reasonable requirements of those who hold that a new foreign loan ought not to be taken unless it yields a present profit, as well as the prospect of a per manent one. This scrip is at about 2i per cent. premium—a result which is probably in no small degree attributable to the confidence inspired by the absorption of the stock for exportation to Portugal. A more encouraging feature than this there could hardly be, and, in the present state of the money market, it is not surprising that the wide difference between British Three per Cents. at 93, and Portuguese Three per Cents. at exactly half that price, or 46k, should strike attention. The Go- vernment of Portugal has only to act straightfor wardly and to study the interests of the bond holders, and it will find that the elevation of its credit remains, from this time forward, entirely in its own hands. Under proper management the Portuguese funds ought to rank at least on a par with those of Spain, having regard to the existing circumstances of the latter ; for Portugal stands now acquitted of all past accusations, while Spain still has the unsatisfied certificates pressing like a nightmare upon her financial repose. Moreover, a fresh proof has been given to her by the London Stock Exchange, even within the last week, in the shutting out and shutting up of the Peninsular Irrigation Company, that there is no hope for her in this market until she does justice. Penance is not required, but justice is indispensable. Of the recent series of foreign loans, the only ones that have proved real prizes to the sub scribers are the Moorish and the Egyptian. The former has ruled at 10 to 12 per cent. premium, while the latter has reached 18 per cent. premium. These are profits worth making, and serve to show more clearly than ever that, while the permanent success of foreign loans depends upon the ob servance of numerous conditions, the most im portant are a moderate price of issue, a moderate amount of issue, and a judicious arrangement of special guarantees on the bondholders' behalf. It , seems evident that where a special Chan , nel can be stipulated and established for the , transmission of hypothecated revenues from the , foreign borrowing country to London, several signal dangers, resulting, perhaps, rather from financial laxity than absolute dishonesty, are ; avoided. The Moor has had very clever counsel in London, and the good sense to take it, and thus enjoys the strange gratification of seeing his credit rank above that of many States of far , higher pretensions. His securities (reckoning on , the five per cent. basis) stand nearly equal to , Russian, vastly above Spanish, Portuguese, and Turkish, and distance Italian by no less than 20 ; per cent. Some foreign loans, as we see, prove blanks, others brilliant prizes. The number of the latter is not so large that the public are likely to be dazzled and allured into danger, yet it may be useful to call attention to a case which serves to point the uncertainties and anxieties of foreign investments. When the last Turkish Loan, representing 8,000,0001. of stock, was taken in England, it was known that the proceeds were to be ap plied to the redemption of the depreciated currency. But the amount of the loan, as was also known, was not sufficient for the purpose, and under the advice of Lord HOBART and other com petent counsellors it was determined that the terms of payment to the holders should be 40 per cent. in cash and 60 per cent. in Turkish internal stock. It is significant of the usurious treatment to which Turkish credit has been subjected, and of the wretched bargains which the Govern ment has been iu the habit of making, that the holders of the redeemed cabas, after being put in possession of their 40 per cent. in specie out of the English loan, have found themselves in a position to sell their internal stock at a price enabling persons who deal in this sort of business be tween Turkey and London to offer it here at about 33 per cent. This internal stock has of course none of the special hypothecations or other valu able rights appertaining to the Anglo-Turkish Loans ; and it needs no demonstration that a loan raised by a foreign State in England must, in most instances, stand at • great advantage over the internal or domestic stock of the same country. This superiority is strikingly observ able in the present instance, because there is no satisfactory check upon the amount of the issue of domestic stock in Turkey, and because the holders are subject to the risk of all those irregularities and paper settlements which have always proved the bane of Turkish finance. The London Stock Exchange will, oonsequently,always be closed against the Turkish internal stock, which can only be dealt in here privately, and, should troublous times arise, might have no market value whatever. Yet its importation, from the great disparity of price, is troubling the market for Anglo-Turkiah Bonds, and illustrates, as we have said, the anxieties of foreign investments. There is not the slightest question as to either the ability or the desire of the Turkish Government to keep faith with its English creditors, and to pay them their just annual claim. But when the effects of the irregularities and false system of the Turkish administration are thus brought home to its English bondholders, in the palpable form of • depreciation of their property, it is natural that they should feel dissatisfied, even though no flaw is to be found in the security they hold, and though their investment has shown a profit from the very outset. We cannot let slip this opportunity of once more pointing out that when investors transmit their money abroad in search of 11 or 12 per cent per annum interest, they have no right to regard more than one-half of that amount as net income, but ought, in pru dence, to put the other moiety on one aide, so as to form • guarantee or insurance fund against the increased risks, from depreciation and other wise, attaching to all investments that profess to yield such a high rate of return. THE hf —Most of the members of the cabinet have quitted Loudon since the close of the paths ' meatary sesmon. Lord Palms stop returned to town on Saturday night from Sheffield. Mr. Gladstone is staying at Hawards° i&ello. Sir George Grey is the minister in at- Madame cia the Queen at SalmoraL Mr. Milner Ganes is on board his yacht off the eastern coast. Lead finuaville re turned to town on Saturday from Ashbridge, Herts. The Duke of Newcastle, the Dube of Somerset, and Sir Charles Wood are absent from the metropolis. Vismaat Palmation will, it is expected, shortly= to Walmer Castle, his official maid/acts.— WORKIWO MIEN'S COLLEOZ, 45, GREAT 011110ErD• !frown. W.C.-11se vacation tmen of this institution (August 4to October LI) his cominsoced. Elementary and advanced classes ban hiss formed in arithmetic, algebra, = b 47, boot-keeping, English (rumour and history, Latin, Gorman', botany and drawing. Class fees— Drawing (ope nterm every evening for praotioe), 3a. Other ohms' is. Ow G. AUGUST 11, 1862. irbe' Court. BALMORAL, Auoun 8. The Queen, accompanied by Princess Louise, walked in the grounds yesterday morning. Her Majesty, accompanied by Princess Mohanlobe and Prince Leopold, drove in the afternoon. The Prince of NValte arrived at the Cutle from Birk Hall, attended by Lieutenant• General Knollya and Captain Grey. Viscount Sydney left the Castle yesterday. Aucc.rr 9. The Queen, accompanied by Princess Helena and Princess Hohenlohe, drove out yesterday afternoon. The Princesses Helena and Louise went out riding in the morning. The Prince of Wales left the Castle yesterday for Birk Elia The Marchioness of Ely has succeeded Viscountess Jocelyn as the Lady in Waiting to the Queen. Viscount Palmerston returned to London on Saturday evening from Sheffield. Despatches were sent from the Colonial-office on Saturday to the governors of the North American provinces, Ber muda, and to the Lord High Commissioner of the lonian Llanelli. PRINCE ALFRED AT STOCKHOLM. The British squadron anchored on the 4th inst. off the Fort of Waxbolm, near Stockholm, where the St. George, having his Royal Highness Prince Alfred on board, and the Chanticleer, had previously arrived in the evening of the 2nd. The royal family of Sweden were absent from the capital with the exception of Prince Oscar, who ar. rived in Stockholm for Norrkoping on the morning of the 3rd, and immedi►tely started in the steam-yacht Bare to the St. George, to call upon Prises Alfred. • Prince Oscar was accompanied by the Port-Admiral of Stockholm and the members of the British Legation, and was received with a salute and manning of yards ; the salute was answered by the fortsass. His Royal Highness Prince Alfred arrived in Stockholm at 11 the following day, and drove at once, in a royal carriage, to return the call of Prince Oscar. Prince Alfred, who observes the strictest incognito, afterwards visited the royal armoury, the museum of antiquities, the royal palace—where luncheon was prepared—the church on the Knight's Inland, Moser bill, made a tour round the park Djurgardeo in the afternoon, and dined in the evening with Prince Oscar at the royal palace. The members of the British Legation and several British officers were invited to meet his royal high ness. The prince not wishing to use the apartments placed at his disposal in the palace, returned in the night on board the St. George. Captain Sandia, &KN., is in waiting on the prince during his stay in Stockholm. Prince Alfred was expected to return to Stockholm at an early hour on the 5411, to make an excursion to the summer palaces of lllrickedal, Hap, and Drottingholm, where luncheon was to be taken, during which the fountains (trophies from Prague) would play. The prince had accepted an invita tion to dine with Mr. Corbett, H.B.lL's chime dliffaires at Stockholm, in the evening. On the 6th the fleet was to sail for the Gal/ of Finland and Cronstadt. Their Royal Highnesses the Duchess of Cam bridge and the Princess Mary, and the Grand Duke and Grand Dachau of Meckleuburg.Strelitz, have returned to Cambridge Cottage, Kew, from visiting Lady Marian Alford, at Ashridge Castle, Herts. On Friday, the Princess Mary of Cambridge attended the meeting of the Hertfordshire County Rifle Arsocistion and distributed the prizes. The gold challenge medal was awarded by her royal highness to Mr. Aubrey Rumba], of St. Albans. Their Royal Highnesses the Prince de Joinville and the Count de Paris honoured the performances at the Royal Italian Opera, Covent-garden, on Saturday evening, with their presence. His Royal Highcess Comte de Chambord, at tended by the Duc de Levis, Comte de Monte, Comte Benoist d'Ary, and a numerous suite, have lett Claridge's Hotel en route to Vienna. His Highness Prince Leichtenetein has left Claridge'. Hotel for the Continent. The Duke and Duchess of Sutherland and family arrived et Tarbet, the duchess's seat in the North of Scot land, from Trentham, on Friday ; and after entertaining a select circle of friends will remove to Dunrobin. The Duke of Cleveland and Lady Augusta Paulett left St. Jannis-square on Friday for the North. The duke goes to his shooting box on the borders of York- shire for grouse shooting, and her ladyship proceeds to Roby Castle, Durham. The Marquis of Salisbury left town on Saturday to visit his estates in Lancashire. The marchioness and family bays gone to pass a few weeks at Bourcemonth. The Marquis and Marchioness of Waterford have left tows for Germsay. The Marquis and Marchioness of Northampton leave town to-day on a Continental tour. The Earl and Countess of Yarborough have left town for their seat, Brockleaby Park, Mceby, Lincolnshire. The Countess of Clonmell and the Ladies Scott have arrived at Farrance's Hotel from Brighton. Viscountess Palmerston and the Hon. Misses Jamelyn arrived in town on Saturday from Bracket Hall. The noble Premier and her ladyship will leave Cambridge Howie in a few days for Waimea Cantle. The Count Alborghetti has arrived at Brown's Hotel from Rome. The Earl and Countess of Caithness left Weston House; Woreestenhire, the seat of Sir George Philips, on Saturday, for their seat in Scotland. Viscountess Jocelyn arrived at Cambridge House oft Saturday from Balmoral. Lady Georgina Pane entertained at dinner on Wednesday the Right Hon. Charles Pelham Villiers, M.P., Lady William Powlett, Baron Bentinck, Lord William Osborne, Hoe. Mrs. Villiers, Hon. Mrs. Abbott, Hon. Evelyn Ashley, Hoe. H. Dianna, Mr. Ramsey, Mr. Bruce Seaton, Mr. Cowell Stepney, &c. In the evening her lady ship had an assembly. The Right Hon. Sir G. C. Lewis, M.P., and Lady Theresa Lewis and MIS Lister leave town today for Harptou Court, Radnorshire. The Right Hon. W. Cowper, M.P., and Mrs. Cowper leas town on Thursday for Walma. Castle, on a visit to Viscount and Viscountess Palmerston. Sir Henry and Lady Hoare and Mies Hoare have left Thornaa'a Hotel, Berkeley-eqoare, for Moorhead, near Bath. Mr. Sanford, United States Minister to Brussels, has arrived at the Clarendon Hotel from New York. The Archbishop of Canterbury has presented to the vacant living of Holy Trinity, Maidstone, the Rev. IL H. Baynes, M.A., incumbent of St. Paul's, Whitechapel, and chaplain of the Sailors' Home. On Thursday last the Rev. Prebendary Lear, chancellor of the cathedral church of Salisbury, was elected • canon residentiary of that cathedral, in the room of the late Archdeacon Macdonald. We are informed that the canonry in question, to which prebendaries alone were eligible, was in the first instance offered to the Rev. Pre bendary Framer, the late chancellor, provided be would re turn to the diocese and reside either in Salisbury or its neighbourhool. The Venerable Archdeacon G. M. Gibbs, M.A., is appointed • member of the Legislative Council of the Island of St. Christopher; and Dr. W. 11. Sherwood a member of the Legislative Council of her Majesty's settle ments on the River Gambia. Handel's oratorio the Messiah will be performed at Exeter-hall, the only time daring the Exhibition season, on Wednesday, the 20th inst., by the National Choral Society, with a band and chorus of 700 performers. STANDING ORDIRB or THE House or COMMONS.— This morning was issued the report of the select committee on standing orders revision, together with the proceedings of the committee and minutes of evidence. The committee remark that, in the cone of their examination of the ordure, their attention bad been directed to the schedule of fees chargeable in the different stages of private bills in their passage through the house. " They abstain," they my, " from suggesting any alteration of the schedule, from • conviction that it is desirable that is mould be considered in conjunction with the scale of other parliamentary charges regulated under the provisions of the 10th and 11th Victoria, c. 69, which latter did not come within the scope of the inquiry delegated to your committee. Bat they are strongly of opinion th►t a reduction in some of the fess of the house, and other charges paid is respect of private bills, may be made, sod timid take WWI early as possible." LATEST INTELLIGENCE. Nzurre's nzzawia.) THE AGITATION IN ITALY. PALERMO, Amon 10. Garibaldi is at Caltanisetta, but his followers have not entered the town. The deputies MM. Mordini, Fabrizi, and others, have arrived here. They are preparing a demonstration against the government. Bulletins are being circulated bearing the words, " Down with Ratazzi !" " Long live Victor Em manuel and Garibaldi !" NAPLES, AuGuar 10. Rumours are current that a great many persons have been arrested during the night for complicity in the secret enrolments. TURIN, AUGUST 10. The Campana of to-day maintains that the only means by which a solution of the present difficulties can be brought about is the dismissal of Ratazzi. GENOA, Ammar 10. A popular demcMstration took place here to-day. The crowd, which was very numerous, afterwards dispensed in an orderly manner. PROCLAMATION OF GARIBALDI IN SICILY. The following was the proclamation addressed by Garibaldi to the Sicilians before retiring into the wood of Ficuzza with his volunteers : Pelermitana ' —Europe, the entire world, has declared its opinion on the Roman question against the =justifiable occupation of the Italian capital. This is a sacred truth. You, initiators of the Italian resurrection, and the principal actors in that grand work, have felt the shame which weighs upon the nation and are preparing to remove it. The peninsula worthily responds to your call, and those who desire the peace of the world ought to yield to the legitimate will of twenty-five millions of Italians. Yon are exasperated at the measures taken by the government, which ham now added to your indignation by recalling the man who had justly merited your affection. Yee, the read of the Mar quis Pallsvicino is a fresh imprudence. Grieved at the lose of this veteran, this martyr of liberty, you ought to over look the errors of those who are the came of his recd. These men will pus away, bat the principles of Italian nati onality are imperishable. It is in the name of those principles that you have suffered so much, and you have proclaimed them in an indelible manner, after twenty ages of hopes and disappointments. We are strong — we ought also to be calm and dignified. I must go far away, bat I hope only fora short time. Near se well as distant, my heart is with you. Our programme is that which we have shouted toge ther upon your splendid barricades—" Italy and Victor EmmanueL n With this programme, we will go to Venice and Rome. Fortune will smile once mine on these young veterans of Italian liberty spiting, like Balsa, from your bosom armed at all points. I reckon on you as the pedeital of our future, as the base of our operations, upon which my gallant volunteers are going to labour in the great work of the deliverance of the elem.—Yours for life, Palermo, July 31. G. GAN:BAWL EXPRESS FROM PARIS. (FROX OUR OWI PARIS, SUNDAY EVIIIING. The Emperor returned to St. Cloud last night He was greeted by the Empress as he crossed the threshold, and by the wonted crowds of oourtiers, after whose dismissal came the dreary task of perusing those unwelcome desp►tches which the telegraphic wires have twanged with discordant notes for some days past. The Emperor learned that the impetuous Garibaldi, brooking no re straint, regardless of his sovereign's appeals and the menaces of minister', had actually set forth on his rash enterprise. Whither does the hero in tend to lead the enthusiastic hordes who have so readily obeyed his summons 1 Austria and Turkey tremble on the Adriatic littoral; the Pope shivers in the Vatican. The man who is de scribed by M. de la Guerronnitre, in his newly established journal, as a " Fanfaroni," and " red shirted adventurer," has contrived to turn the world topsy-turvy. The unpleasant sensations which have disturbed the repose of the rulers of Rome, Austria, Greece, Turkey, and Italy, have now forced an entrance into that little cabinet of St. Cloud, where Napoleon HI. sits hushed in grim repose. Garibaldi has not vouchsafed to communicate his intentions to the Em peror, but the ominous words, "Rome or death 1 ." must excite anxiety. The imperial mind is skilful in piercing strange loopholes whence to escape a disagreeable inference from a self-evi dent proposition, but how can the Emperor, whilst Pianori's bullet and Orsini's shell yet linger in his memory, stave off the home question that is pressed upon him 1 Come what may, the protectoral occupation of Rome by the French troops has placed the Em peror in a false position. M. de la Guerronniere, in describing the arrival of the two battalions of the 89th French Regiment at Rome, 1,200 men, says that they were enthusiastically received by the Roman population, who have unabated confidenoe in the French, and no sympathy for Garibaldi or his senseless schemes. He takes occasion to indulge in some further insults against the honest hero, but how little do these st►tements tally with those of the Roman correspondent of the Tempi, who describes the excitement at Rome as utterly beyond control ! Bombs are flying about in all directions, and the unfortunate Romans hope and believe that, in presence of the difficulties which he has created, the Emperor will consent to the joint occupation of the Campagna by French and Italian troops. The OpinionNationale of to-night says :—"A situ ation so perilous proves the fault which we have com mitted by continuing our occupation of Rome, and refusing Italy her capital ; so palpable • truth must force itself upon every eye." The Opinion expresses the sentiments of the great majority of the French people; yet, in the face of this palpable truth, M. de la Guerronniere urges the Empe ror not to withdraw a single French soldier from the capital where the presence of one is a scandal. Strange news comes to us from Madrid to-day, The Epoca has published • violent philippic against the Portuguese, threatening them with an invasion should they attempt to indulge in any revolutionary tendencies. " The Marquis del Ducio," it says, " will have the road to Lisbon and Oporto." The marriage of the Portuguese monarch with Victor Emmanuel's daughter seems to have bereft these haughty hidalgos of their small store of reason. The power of the church party in that country ea crescendo. The fishermen of Vigo had been detained on the coast for some days, by • terrific storm which had deprived theni of the means of pro viding for their starving families. A gleam of calm sunshine shone forth on Sunday week last. They attended high mass in a body, then put forth to sea, and returned with ample store of fish. The authorities seized not only the fish, but the fisher men, on landing, by order of the clergy, who forbid I fishing on Sundays. The fishermen have petitioned O'Donnell, who will tell them that they are amenable to higher authorities than himself— " Coma de &pans." DETROIT AND MILWAUKEE RAILWAY. (THIS DAY.) This day at noon a meeting of the first and second mortgage bondholders was held at No. 6, Old Jewry ; Mr. Limon in the chair. The first report of the bondholderl committee, which has already appeared, was taken as read. The CHAIRMAN said the bondholders after agreeing to fund five half-yearly dividends had been asked to fund two more. To that they had also agreed, but they bad stipu lated that they should be allowed to take friendly steps for a foreclosure, so as to avoid the law's delay. That armage. meat had also been assented to ; but et the last moment the Great Western of Canada had refused to come into it. Under these circumstances hebegged to move the following resoliatious : "I.icai this meeting has learnt with regret that the board of the Great Western of Canada dissent from the arrangement made with the board of the Detroit and Mil wank'. Railway Company, as mentioned in the report o f the bondholder,' committee, whereby the coupons for another year would have funded as desired by the company, while the bondholders would have been placed in a position t, en force, if necessary at the end of the year, their rights as mo t without the delay and expense of h os til e " 2. That the committee be requested to take all nacre:ay steps to enforce the legal rights of the fast and second bondholders on default in payment of the cou p ons which become doe in November, 1862, unless in the meantime arrangements can be made satisfactory to the committee for carrying out the recommendation contained in their report. " 3. That, in order to ensure unity of action, all the bond. holders be invited forthwith to send their coupons, which will become due in November neat, to the committee, with full authority to enforce or fund the same, and generally to act in the premises as to the commutessh all seem meet. " 4. Thit all expenses incarred by the committee shall be paid pro rata out of any mollies which may be recovered by the contemplated proceedings. ' 5. That under existing circumstances it is not desirable to entertain the scheme which has besot proposed for the re-organisation of the comppaanoy, but which is neverthelm worthy of the careful oonsidstetient of the bondholder 4 and ma hereafter serve as suggestions for an arrangement." After a short conversation, these resolutions were agreed to. A vote of thanks was then given to the chairman, and the meeting broke up. ROYSTON AND HITCHIN RAILWAY. (THIS DAY.) The half-yearly meeting of the shareholders was held at moos, at the office, 61, Gracecharoh-street, City; Sir R. W. CARDER hi the chair. osiaiithrasreeAdtite only business they were called upon to transact was of a sat actory nature—namely, the declaration of a dividend. He would not detain the meet ing with any observations, but content himself with moving the following resolution :—" That a dividend at the rate of 6 per cent. per annum, lees income tat of 9d. in the pound, and Id. per pound 6/. is, of stock, for expenses of the ma. segment, be and is hereby declared on the Hitclain, and Shepreth Consolidated Stock, for the l = t y ce esir ending August 1, 1862, and that the same be paid forth with." The nrolution was adopted without any discussion. MURDER NEAR DURHAM. A murder of a moat atrocious and horrible cha ncier was perpetrated at Nettlieworth, about four miles from the city of Durham, on Sunday morning. About two hundred yards from Nettlesworth colliery are two detached cottages, called Nettlesworth New Houses, in one of which lived a woman of the name of Halliday, about sixty years of sge, and in the other an Irish pitman, named Conon, and his wife. The cottages belonged to Mrs. Halliday's husband, from whom she had been separated twenty-two years, sad who keeps a public-house in the adjoining village. Mrs. Halliday was allowed to live in the cottage rent free, and her husband besides allowed her a sum of 3s. per week. Between) three and four o'clock on Sunday morning, Mn. Cocoa went to Halliday's publiehnuee, and said she had beard Mrs. Halliday crying out during the night, and she was afraid she must be very ill. Mr. Halliday's house keeper and some other penons then proceeded to the ho use, wheo they found Mn. Halliday lying on the floor, covered with blood and bruises, and Cocoa in the act of raising ber up in his arms. She was at that time •pp randy dead, but on being lifted on to the bed she suer` wards recovered her consciousness, and in sowers to yew Lions which were asked of her, she said she bad been I shamefully used by the Irish. She made a number at I gesticulations, bat her articulation failed her, and those who were attending upon her were unable to obtain any thing more specific as to her knowledge of the persons who had oommitted the terrible outrage upon her. Between five and six o'clock the poor woman breathed her last. A coal•rke and • of tongs were found covered with blood, and the dseesed was cut in a most dreadful manner on the right temple. Other wounds were found upon her head, and her arms were fractured sod covered with a mane et bruises, as if she had done all she could to ward off the murderous attack. Strong circumstance of BUSPiCkoll nark upon Colon and his wife, who have both been apprehended, and are now in the county lock-up at Durham.—Lceis Mercury. THE MIDDLE LEVEL,—An official report just drawn up respecting the recent destruction of the Middle Level outfall sluice states several fade of interest. The report observes that although inundations such as that which hes just taken place are of rare occurrence, yet they have been found to prove beneficial to the crops in suom=- big years. The expenses incident to the disaster already paid and incurred are estimated at from 23,0001. to 25.0001., to meet which 20,0001. has been taken up by way of tens po easy In reference to the further drainage of the level, Yr. wkshaw, C.E, having been requested to *amides the subject, has recommended that for the next 12 or 18 months, in addition to such drainer es can be obtained through Salter's lode elnioe,syphon pipes should be laid over the recently-coostructed colfer-dask and that nothing should be done as to the erection of • new sluice until the syphons have been fairly tried. The expense of 15 syphons, with sir-pumps, MEIMI-onsimlo, and mammy apparatus, is estimated at hem 13,0001. to 14,0001. Six syphons only have at preesmt bees ordered by the engineer, aod are ex. parted to be shortly find. The necessary legal powers to enable the osnimmsieoers to provide for the temporary drainage and for the site of • new sluice or other work; have been obtained by clauses in the Middle Level Drainage Act, pared in the session which has just closed. On the suggestion and recommendation of Mr. Hawksbaw, Mr. A. G. Lion has been appointed resident engineer of the works for one yea at • sala ry of 1,00 W., as Mr. flawkshaw has heavy and important works under his charge both at home sod abroad, and will probably not be in England during the autumn. Mr. T. E. Harrison, of the North-Eastern Railway, has also been Associated with Mr. Hawkshaw as consulting engineer to the commimioners. It may be added that the fifteen syphons proposed lobe erected will have • diameter of aft. 6in. each, which will give the water the same scope as it had in the three openings of the ruined sluice. The whole expenses of the late casualty— pest, present, and prospective—cannot yet be definitively estimated; but the commissioners have determined on exercising their loan powers to the further extent of 40,0001 They have already bonds outatandisg to the amount of 410,0001.; butt as the area of land to which their jurisdiction refers is 130,000 acres, this is, after all, • matter of no very urgent importance. It may not generally be known that the 6,000 acme of land flooded are not comprised in the Middle Level at all, and hence the claims for compensation whit* have not yet been adjusted. BAY WABHED AWAY.—A singularly unfortunate calamity has been added to that which has already over the manufacturing population of Carlisle from the cotton famine. About a mile from the city a large bay bee for years intercepted the river Caldew,and turned the water I along a damooune, by which about • dose places of bud. Dees were more or less kept going. The first is the beetling works of Messrs. Ferguson Brothers, Holmehead, where the bay was situate. The dam then ran along to the flour mill of Yews. Carr, next to another beetling establishment belonging to Mann. Palmer and Co. ; from this it weed successively Megan. Donald's steam looms, Messrs. Robin. son's floor mill, Mears. Dixon's cotton factory, Mr. Blay lock's beetles, two breweries, an alabutermill, a woollen. mill, and finally emptied itself into the Eden, about two mile* from where it left the Caldew. For some time the bay has been in • dilapidated state, and the owners were only waiting for favourable weather to put it into substantial repair. But on Friday afternoon the river, which had been much swollen by heavy rains, made • breech in the "apron" of the bay. The rushing waters were not long in widening the gap, and eventually the entire stria tum was swept away. So complete was the destruction that the month of the dam was left high and dry in • very short time, the great body of water flowing to the other side of the river. The whole of the works mentioned will consequently be more or less affected by this catastrophe, and some of them will have to stop altogether for a time. In order, however, to make the stoppage as short as pun sible, efforts will be made to lay down a cofferdam to direct the water into the old dam course. This will be no may teak in the present flooded state of the river; but it is hoped that in a few days the tampons, structure will be completed. ATTEMPTED MURDER AND SUICIDE NEAH DONCASTER. —On Saturday nigh t, a t half-past 7 o'clock. ea attempted murder was made at kbill, near Doncaster, at the farm premises of Mr. Baker. A man named Wm. Smith Savage, aged 26, • servant in Mr. Baker's employ, quarrelled with ha female fellow -servant, named Charlotte Tyne, and afterwards shot her as she was about to leave the house to meet her master to complain of Savage's in ne w to her. He took the gun and deliberately shot her, and it is mid that he had dragged her upstairs, and there attempted, or had actually assaulted her. The gun-shot struck her on the head, and although she wee set deprived of life, her case is very precarious. Hasa" having shot her, and no doubt imagining she was dead. went upstairs, and bringing down a razor, stood over her body and cut his throat almost from ear to ear. He Imo found alive by one of the farm Mounts, who sent his wife for the assistance of Mr. C. N. Foote, surgeon, of Canehre. Dr. Schofield, of Dososeter, was also called in, but t h e self-Inflicted wounds sensed the death of Savage the sum night. The young wont= is in great danger, and fears me entertained for her mammy.