The Express. — London, England, 1867-07-22 00:00:00

JOHN BROGDEN. ORIGINAL GOLD CHAIN MANUFACTORY, K H 6 NRIETTAATEMST. COVINT4ARDIN. JOHN BROGDEN'S 18-carat GOLD CHAINS. JOHN BROGDEN'S GOLD GUARD CHAINS. JOHT BROODEN'S GOLD ALBERT CHAINS. JOHN BROG DEN'S GOLD BROOCH CHAIIIS. B ROWN and POLSON'S CORN FLOUR for CIIILDREN'S DIET. To obtain eNtad profit by the sale other kinds are sometimes eCerrl nodead..l BROWN and POISON'S. ...." 11 ".I.,ha Brown." •' John Poison," is signed by the! makers ea each packet. BRZAKFAST.-EPPS'S COCOA. Wu eVPreOO. TO CORILE9PONDPINT9. olvertlsemente Intended for •• The Impress," Loudon Evening Paper, most be as the Onion 10. Bouverie-,treat, by Two clock on the day of publication. &WRY LANZ. TRH Llsrnro , TRAT RASCAL JACK. Messrs. Rouse and Alleyne and Thompson. —To conclude with THE ORY.AT CITY. Messes. Cowper. Minim. Villiers, Irving, Mouse, limjames, & Warner; Mesdames Robertaon & Le Mime. HAYMARKET. This, EVENING. THY. LOVE (MANE Mews. Chippendale, Bowe, Essen, Kenthl, clarke, Weathers'''. ; Mesdames Sedgwiri, Chippendale. Burke, &c.—TO PAWS AND BACK FOR o.—Aud THE BIBLE, AND HOW TO USE IT. PUNCIIIIBII 'Tung Evsimo. THE CLOCK MAKER'S HAT.—Followed by, at u o'clock, THE MAN 0' AIRLIE. James Harebell, Mr. Ber lina emu. —Doors epee at eerie 1.011101elbC• at half-past. itraium. Evx‘nro. REVERAEL Moan. Emery, nacelle, Rob son, and Swanborough; ADsdamoc Ada /Draulm.rouch and John stone —Mot THE LATEST EDITION OF FRA DIA VOID. Messrs. Thorne t Jame*: Mesdames Holt Newton, &c. lirrANlnA. TRW IRMO, JACK O' LAN Tam ; OR, THE RACE COURSE, AND TER BLUE RIBBON OF TUN 'MRS.-111r. and Mrs. WIDOW; the Champion Skaters of Englattd.—And TILE COR SICAN DSO MUM HIGH WATER AT LONDON BRIDGR ran DAT —if °rubs& .h. 19m.._.. Afternoon, sh. 38m. TO-MOlthow—Wornlng. 511 5 7m..__Afternoon. 412. lift. LONDON, MONDAY, JULY 22. THE half-yearly meetings of the London joint stock banks are always regarded with con siderable interest as affording valuable infor mation of a trustworthy character, which cannot be obtained elsewhere. To a certain extent they indicate the actual state of trade, as prosperous or adverse, sound or speculative. It is the peculiarity of a bank that an exposition of its affairs tells indirectly as much, if not more, with regard to the mercantile community at large, than about its own individual business. Many other companies regularly publish their accounts, but nothing more can be gathered from them than that this one is making a good profit, or that an other has been unfortunate. It is different with a joint stock bank. If we are told that the past half-year has been one when an exceptionally high rate of interest has pre vailed, but that the losses from bad debts will prevent the payment of as good a dividend as be fore, we see at once that the country has been overtrading, and that undue speculation has re sulted in a corresponding increase of mercantile failures. If, on the other hand, the accounts show a profit larger than ordinary, notwithstand ing that, as in the past sir months, discounts have commanded barely more than 3 per cent., we may be assured that if business has been com paratively restricted, at least it has been safe and remunerative. Or again we may test, as in 1866, the effect produced by mere distrust, and con sequent pressure on the money market. At that time everyone was so anxious to be pre pared to meet the worst that bankers did not venture to take the full benefit of 10 per coot., although commerce was in so strong a position that the sharpest crisis known for forty years caused the suspension of no more than one or two firms of railway contractors. Illustrations of this kind, however, might be indefinitely multi plied. It is sufficient to point to the value of the knowledge which can be derived from what many will think so comparatively insignificant a docu ment as a joint-stock bank report. Within the last twelve days six out of the eight principal establishments in London have held their meetings, and an analysis of their accounts will show the subjoined results. The capital paid up, compared with June, 1866, re mains stationary : London and Westminster Union of London London Joist Stook Al Bans City Imymial ~. £1,000,000 1,.200,000 ~. 1,080,000 989,725 aokooo ... 448,940 Total £6,218,666 The reserve funds stand as follows : 1866. 1867. London and Westminster 2450,000 2500,000 Union London Joint Stock Alliance city Lavinia Total .. ,339,991 X 1,262,839 . . It will be seen that in one instance the reserve has been entirely absorbed, and in two others that a material diminution has taken place. These adverse changes, however, are attributed to ex ceptional causes, such as the depreciation of securities (probably railways), and, as regards the Imperial, to gross carelessness on the part of a cashier by an over-payment of 19,000/. on a drawing account. In one, at least, of the other banks a large sum has been written off the profits to meet unexpected losses. These also have most likely arisen from the present fins.mal posi tion of the railway interest. It is satisfactory to find that a course we have long advocated, that of separating the actual liabilities for deposit and current accounts from the item of acceptances, has been generally adopted. For want of this distinction the half-yearly balance sheets as rendered in the old form were often calculated to mislead ordinary observers. In only one case out of the six banks under notice—the London Joint Stock—the information does not appear in the report, but the omission was practically rectified in the chairman's speech. Compared with Last year the sums deposited by the public, as far as can be ascertained, are annexed: 1866. 1867. London and Westminster 521,024,211 n 1,858,958 Union London Joint Stock Alliance 1,141,982 1,241,578 _ -- aty ... laperla .. Not stated. 2,285,068 . Not stated. 1,072,448 Total £47,937,770 The liabilities on acceptances for the present year are subjoined. It is only right to add, how- THE EXPRESS, MONDAY EVENING, JULY 22, 1867. ever, that it rarkly happens that a bank experi ences any lona on this account, as care is invariably taken to be amply covered : 1867. London and Westminster r754,250 Union London Joint Stock, about 3,860,000 Alliance 222,521 City 1,777,529 Imperial 90,863 Total. 014,077,567 Against securities valued at 10,114,0001. These amounts are occasionally large, especially the Union, which figures for more than half the total, but, as previously observed, we may safely assume that only under very exceptional circum stances can any liability accrue under this head. There may be temporary inconvenience, as we believe occurred more than once during the late crisis, but no ultimate loss. Setting aside, there fore, these obligations, and looking only to the deposits and current accounts of the public, it may be of interest to compare the cash and government securities hold by each bank with the total actually owed. The amounts and per centages are as under : . Cash and Per ceutage on oev. securities. sums due. London and Westminster... £6,370,796 Union 5,301,103 Landon Joint Stock Alliance elt7 Imperial This comparison, however, fails to set forth the entire truth, since, notwithstanding past ex perience, most of the banks continue to lend money at call to the discount brokers, and to reckon it as so much money in hand. In one instance it is shown that the sum thus employed is fully equal to the amounts actually held by the bank in their own till and at their credit with the Bank of England. It seems aimed incredible that the lessons taught by the events of the last summer should be thus entirely thrown away. There is no reason whatever why a banker should not lend his money to a bill broker if he sees that it is to his advantage. Indeed a highly profitable business has been thus carried on for years. But the banker has no right to reckon upon money thus lent as the same thing as money in hand. The proper head under which it should appear would be " Bills discounted, loans, &c.' The present plan only serves to inspire a false security. Aa regards profits, the banks have probably cleared as much this half-year, with money at about 3 per cent., as they did a year ago when it was at ten. The dividends, however, are some what lower, owing chiefly to losses having been now written off which properly belonged to 1866. The prospect is not discouraging. Even the lowest return shown is equal, at the present price of the shares, to more than 5 per cent., without reckoning the probability of a future increase. Annexed is a comparison of the rates paid this year and the last : 1886. 1867. Per cent. per Per cent. per London and Westminster . 28 ... 28 Union 25 ... 25 London Joint Stock 2O ... 16 2-3 dllianoe City l2 ... 10 Imperial 8 ... 6 Eta Court. OSBORNE, JULY 20. The Queen, accompanied by Princess Louise and Princess Leiningen, drove out in a carriage -and-four yes terday afternoon. Colonel the Hon. A. Hanlinge attended on horseback. }teen( I'achs, general and first aide-de-camp to the Sultan, arrived at Osborne yesterday, accompanied by Major Teesdale, V.C., and invested Prince Arthur and Prince Leopold with the Imperial Order of Osmanli, by the Sultan's command. Reonf Pacha had the honour of an interview with her Majesty. _ - Jui.v 21. Prince and Princess Louis of Hesse returned to Osborne yesterday from London. Divine service was performed this morning by the 11ev. H. Duckworth before her Majesty, Princess Louis of Hesse, Princess Louise, Prince Arthur, Prince Leopold, and Princess Beatrice. MARLBOROUGH-HOUSE, JULY 20. The Prince of Wales, attended by Genera Sir William Knollys, Colonel Kingsoote, and Captain Ellis, went to Wimbledon, and was present at the volunteer review, and afterwards was present at the dinner given by the Earl and Countess Spencer to the Sultan. ULY 21. The Prince of Wales attended Divine service at the Chapel Royal, St. James's. The Communion service was read by the Rev. J. V. Povah, the Rev. Thomas Delmore, and the Rev. H.Melvill. Anthem, " Call to remembrance," Batteshill. Sung by Masters Carmichael and Wood, Messrs. R. liarnby, Francis, Smith, Cummings, Whitehouse, and Winn. Mr. Cooper presided at the organ. The sermon was preached by the Rev. H. hlelvill from st. Matthew, ch. 18, v. 12, 13. The Duchess of Cambridge and the Grand Dake and the Grand Duchess of Mecklenburg-Strelitz attended the service. A Cabinet Council was held on Saturday at the official residence of the First Lord of the Trea sury, in Downing-street. The Ministers pre sent were the Earl of Derby, the Lord Chancellor, the Duke of Marlborough, the Earl of Malmes bury, the Right Hon. G. Hardy, Lord Stanley, the Duke of Buckingham and Chandos, Sir John Pakington, Sir S. Northcote, the Chancellor of the Exchequer, the Right Hon. H. T. L. Corry, the Duke of Richmond, Lord J. Manners, Lord Naas, and the Right Hon. S. Walpole. Despatches were received on Saturday at the Colonial office from the Governors of South Australia, Tasmania, the Straits Settlements, the Maurittui, Natal, Malta, and the Bahamas. Despatches were sent to the Governors of the North American Provinces. THE SULTAN. BUCKINGHAM-PALACE, Jour 28. In the forenoon his Imperial Majesty the Sultan received tho following deputations:—From the Reform Club, the Royal Asiatic Society, the Foreign Affairs Committees and other Friends of Turkey, from Manchester and Liverpool. At one o'clock the following noblemen and gentlemen, having received invitations from the Turkish Ambassador, had the honour of being presented to the Sullen:—The Dukes of Argyll, Buccleucb, Cleveland, St. Albans, Sutherland, and Wellington ; the Marquises of Ailesbury, Clanricarde, Hartington, and Westminster ; the Earls of Beasborough, Cadogan (Captain of the Yeomen of the Guard), Carnarvon, Clareodon, Cowper, Dartrey, De Grey and Ripon, Denbigh, Ellenborough, Fitawilliam, Granville, Grey, Grosvenor, Kimberley, Lumn, Russell, Shrewsbury and Talbot, and Wilton ; Viscounts Cran borne, Eversley, and Ranelagh ; Lords Colville of Culross (Master of the Buckhounde), Elebo, Houghton, Lytton, Roinilly (Mester of the Rolls), Sta nl ey of Alderley, and Taunton ; the Speaker, the Right Hon. E. Cardwell, W. Cowper, W. E. Gladstone, George J. Goschen , Sir G. Grey, M.P., Edmund Hammond. and Sir R. Peel, Bart., M.P. the Hon. Henry Elliot; Sirs Richard Mayne, Roundel] Palmer, and Anthony de Rothschild ; Admirals Sir Sydney Decree, Sir Alex. Milne. and Robt, Spencer Robinson ; Generals Sir John Burgoyne, the Earl of Cardigan, K.C. 8., Sir William Codrington, Hon. Sir Edward Cust, Sir De Lacy Evans, Sir Hope Grant, G.C.8., the Right Hon. J. Peel, Sir John Pennefather. G.C.8., the Hon. Sir James Yorke Barlett, and Lord Struthnairn ; Messrs. T. Baring, M.P., Thee. Dent, Edward Egerton (Under -Secretary of State), Brougham, George G. Glyn, H.P., Kirke, M.P., Laing, M.P., Edward A. Palmer, KJ. Reed Chief Constructor of the Navy), and Mr. Edward Shotton Otto man Vice-Consul at North Shields). The reception took place in the Bow Drawing-room, the presentations being made by the Lord Chamberlain. In consequence of the melancholy death of Madame linsurus, the Turkish ambassador was unable to be pre sent. The Yeomen of the Guard were on duty in the hall and on the grand staircase. At • quarter before five o'clock the Sultan and his Im perial Highness Youuonff Izzedin Effendi, with the Otto man suite, and the Gentlemen of the Queen's Household vacially appointed to attend on his Imperial Majesty, left Buckingham Palace in ten open carriages and four for Wimbledon, to be present at the review. The Imperial cortege was escorted by a detachment of the 3rd Hassan. Their Imperial Highnesses Murad Effendi and Hamid Effendi were also present at the Review, attended by their suite. After the review, the Bohan honoured the Earl and Countess Spencer with his presence at an entertainment. His Imperial Majesty and suite returned to Buckingham Palace in the evening. _ Jucy 21. The Sultan remained at the Palace throughout the day. His Imperial Highness Youamouff Ixzedin Effendi took a carriage drive to the Bobaieal Gardena in the Regent's park, and afterwards to Battersea-park. WINDSOR, SUNDAY EVENING. After several days' preparations at the Castle and at General Hood's residence in Windsor great for the reception of the Sultan, who had de ' to spend a day inspecting the interesting obje cts at the Castle and visiting the unrivalled scenery of Windsor Forest, it was finally determined that he should arrive at Windsor this morning, and every necessary measures were taken both at the Castle and at General Hood's residence at Cumber land-lodge for his Imperial Majesty'. reception. A grand promenade was to have taken place on the terrace of the Castle in the afternoon, and two military bands were to have been present, but the lamentable and unexpected in telligence of the death of the wife of the Turkish Ambas sador disarranged the whole of the contemplated proceed ings; and prevented the Sultan's second visit to Windsor. Her Royal Highness the Duchess of Cambridge will leave town next week, attended by Lady Geraldine Somerset and Lord Frederick Panlet, for Rumpenheim, her chateau near Fratildort, for the autumn. . _ _ Their Royal Highnesses the Grand Duke and Grand Duchies of Mecklenburg-Strelitz intend to leave town early in the ensuing week for Btrelitz. His Highness the Maharajah Dhuleep Singh and the Maharanee, who recently returned to their country seat, Elvedon-hall, Norfolk, have left for Scotland. The infant princess accompanies her parents. The marriage of the Hon. Robert Wellesley Grosvenor, M.P. for Westminster, eldest son of Lord Ebury, with the Han. Emilie B. White, only daughter of Lord Annaly,waa solemnised on Saturday at St. Paul's, Xi:lights bridge. The examination of candidates for admission to the Staff College in February, 1868, will commence at Chelsea Hospital this morning before Major-General W. C. E. Napier, vice-president, and the members of the Council of Military Education. The examination will occupy the entire week. We (Times) believe that not only the idea of adapting the court of the India-office to the purposes of a ball-room, but the credit of almost all the arrangements which excited such universal admiration on Friday last, are due to Sir Erskine Perry. He had a most arduous task in converting a still unfinished public office, at very abort notice, to such a purpose; and the entire success with which it was ►chieved is the beat evidence of the good taste and unsparing labour applied in achieving it. The statement made in some of the papers that Lord Beauchamp is to succeed Lord Behnore as Under- Secretary is stated to be without foundation. Victor Hugo arrived at Southampton from Guarnsay last week. The New INDIA-OFFICE.—We are informed that as many persons who were desirous of seeing the new India-ofEoe on Saturday have been disappointed, in eons.- queues of the necessity of removing the valuable plants and other articles from the building, parsons who may obtain tickets from the India-office, Vietoria.etreet, will be admitted this day either in the forenoon or evening. OUR CONTEMPORARIES. (THIS DAY.) THE VACANT BEATA. During the present week five elections will take place for so many English constituencies—Birmingham, Coventry, Andover, West Gloucestershire, and the Univer sity of Cambridge. Four of the seats have been vacated by conservatives, three of the four through the legal pro motions and appointments consequent on the death of Lord Justice Turner, and one by the death of its own re presentative. Sir J. Kanlahe's election, the Daily News says, is sure. Andover is alarmingly near the 5,000 popu lation limit, and naturally clings for safety to the tortes. Mr. Selwyn is not leas certain of re-election—the uni versities generally sending to parliament representatives of the same class and opinions as small boroughs. In West Gloucestershire, where Mr. Berkeley, the son of Lord Fitsharcling, is in the field against Colonel Somerset, it is in the power of the electors to give a liberal colleague to their present liberal representative. The result at Coventry may be doubtful, but it would be an insult to the people of Birmingham to suppose that it can become untrue to its liberal traditions and convictions at the very moment of their triumph. If Mr. Disraeli has hamboosled the people of Birmingham, the head-quarters of the most sturdy radical opinion in the kingdom, the deception must be complete indeed. No man of ordinary intelligence there or anywhere else can really suppose that household suf frage is the gift of Lord Derby and the tortes. All tint they have done is, by resisting reform for fifteen years, to intensify a demand to which they are at last obliged to yield. Their present atti nide is not • triumph, but • capitulation. Assuming Birmingham to be true to itself the issue of the present election cannot unfavourably affect the position of the liberal and conser►ative parties in parliament. WHIT WILL THE LORDS DO? Farther reflection only confirms the judgment of the Times on the impolicy of Lord Grey's proposals, and its persuasion that the Reform Bill will pass the House of Lords untouched in its main outlines. There are incidents of re gistration and conditions of ratepaying which may fairly be revised, especially as the House of Commons wavered and changed its opinion about them in the short space of a fortnight ; but the action of the Upper House will extend no further. The lodger franchise is obviously essential in the metropolitan and other large boroughs, but in the small towns it would afford great opportunities of fraud and abuse, and the Times believes if the Lords restricted it to constituencies above a given rise this amendment of the bill would he accepted by the House of Commons. The redistribution scheme accepted by the Commons must necessarily be approved as it is. As to the cumulative vote the Times is content to walk For the present the question is settled. The outlines of the bill are graven in in effaceable characters, and though peers may be eloquent and dignified, the measure that has been agreed open will remain practically unchanged. To the Pori it's impossible to entertain a doubt that Earl Grey's proposed amendment will be withdrawn with out a formal challenge of the opinion of the House of Lords upon its merits. The Upper House has in fact simply the alternative of rejecting the bill on the second reading, or committing it and introducing only such trifling modifica tions as may not excite the opposition of the House of Commons. The Standard expresses much respect and admiration for Earl Grey, but is not able to understand the course he recommends to the House of Lords. In passing such an opinion on the bill as his amendment contains, the Peers would censure the Howse of Commons at the same time that they submit to it ; would condemn the govern ment while suffering it to dictate to them ; would pro claim th►t they yielded to sheer compulsion and did what they believed to be wrong because they h►ve no longer the courage, or the power, or the privilege, to act on their own sense of right. The result of Earl Derby's interview with his followers has crushed the vain hopes of the intriguers, and rendered certain the defeat of Lord Grey's amendment. All that is now possible is that the bill may receive in committee amendments not incompatible with its essential principles. . - Stop the great stream of popular necessity, observes the Telegraph, with • temporary dyke like Lord Grey's amendment, and some of us will hardly know this oountry when the river tears the frail bulwark down, and makes lla channel over what was meant to be its bank. Were it possible for • peer to be at once intellectual and • bigoted tom he would vote for Lord Derby as for • deliverer. LATEST INTELIAIGNNCE. MUM'S TIIAGRAYS.) THE LATE EMPEROR MAXIMILIAN. LIVERPOOL, JULY tit. Admiral Tegethoff and his suite left on Saturday, by the China, ru node for Mexico, rid Washington. He is sent by the Austrian government to obtain the body of the late Emperor Maximilian. ITALY. FLORENCE, JULY 22. The Chamber of Deputies voted yesterday the budget of the Ministry of Finance by 193 to 27 votes. The discussion on the Ecclesiastical Property Bill continues. PORTUGAL. LISBON, JULY 22. Senor J. M. do Caaal Ribeiro, Minister for Foreign Affairs, has left for Paris. He will be replaced during his absence by Senor Andrado Corro Murito. BELGIUM. BRUSSELS. JULY 22. A royal decree has been published creating a new decoration for the reward of long servioes in com munal and provincial offices, paid or unpaid, and acts of courage, devotion, or humanity. The de coration will be called the " Civil decoration." There will be two degrees, one consisting of a cross, and the other of a medal, divided into five classes, two belonging to the cross and three to the medal. ELECTION INTELLIGENCE. (THIS DAY.) (By yzticrAPH.) BIRMINGHAM. BIRMINGHAM TOWN-HALL, MONDAY, HALF-PAST ONY O'CLOCK. The proceedings in connexion with the nomina tion are going on. A great uproar prevails. The pro poser of Mr. S. Lloyd is Mr. D. Goodman, the partner of the late member, Mr. Scholefiell HALT-P V4l Two o'Ctoca. The show of hands to-day was in favour of Mr. Dixon. CAMBRIDGE UNIVERSITY. CAMBRIDGE, MONDAY. The re-election of Mr. Selwyn took place here this morning in the Senate House, the Vice-Chancellor . . _ • presiding. The wholo of the authorities would ►ppear to have returned for the election, but the attendance of mem bers of the Senate was but scanty. After the usual formalities and the expiration of the statutable time Mr. Selwyn was declared re-elected without opposition, and the right hon. gentleman, who was pre sent, received the warm congratulations of his friends. COVENTRY. COVENTRY, IioNDAv. The nomination took place to-day. The candi dates proposed were Mr. Jackson, liberal and Mr. W. B. Fcrrand, conservative. The show of hands was in favour of Mr. Ferrand. A poll will take place to-morrow. EXPRESS FROM PARIS. (mow °us OWN CORRESPONDKRT.) PARIS, SUNDAY EVENING. The apprehensions of war continue to be on the increase. All the Bourses in Germany are lower on account of them. If there has been no con siderable fall at the Paris Bourse, it is only because the Rente is almost at war prices already. Rumours of an alliance between France, Austria, and Italy are industriously circulated, and the Sultan is eagerly canvassed to join it. Considerable dis appointment is felt that the Sultan is not coming to pay a second visit to Paris, and that there are no hopes of seeing even his minister, Fuad Poch*. Temptations are being held out to Sweden and Denmark to join the French league. Prussia is rapidly preparing for the coming storm. A very important symptom, among many minor ones, is, that the division which Hesse is bound to furnish to the Prussian army pursuant to the military al liance, and which was not to have been organised ti➢ October 1, is by a recent resolution of the Grand Ducal government and the Hesse Darmstadt Chamber to be formed immediately. The remark ' able reasons for this haste, publicly assigned by the Hesse Minister of War, are that although it is impossible to predict with certainty what events may occur next spring, it is essential that the Hesse division should be fit for active service by that time, and that it would be impossible during the six winter months to have the extraordinary levies thoroughly drilled with the needle-gun and fully equipped. The three months yet left of summer are felt to be necessary for this purpose. As Prussia is supreme in all mattersmili tary throughout the southern German Con federation as well as in the north, what is the rule for Hesse must also be the rule for Bavaria, Wurtemburg, &c. It is most important that peoples as well as governments should not shut their eyes against evidence. The alarmists are now the greatest friends of peace. It is certain that the French Emperor is meditating war on a grand scale, and it is equally certain that the nefarious object is an extension of territory, in order to restore his prestige, grievously damaged by the Mexican failure, and to stifle opposition at the next elections. There is a hope that the good sense of the world may yet baulk these designs, hut safety lies in constant vigilance and a keen sense of the impending danger. An expectation has been expressed that the Corps Legislatif would be prorogued to-morrow but although the deputies have almost come to an agreement among themselves that nobody shall speak more than a quarter of an hour at a time for the rest of this session, I do not think the business on hand can possibly be hurried over sooner than Thursday. The budget of receipts will give rise to another debate about Mexico, M. Berryer being determined to persevere with his amendment de manding that the Comptoir d'Escompte shall be held liable to the state for a sum of 28 millions, fo r which M. Fould let them off, when Mexican affairs went to the bad, on the ground that events had released them from their contract. M. Picard pro poses to bring forward the arbitrary suppression of the municipal council of Toulouse. Fraudulent debtors should not be too jubilant about the abolition of imprisonment for debt. The laws against all kinds of swindling and embezzle ment are now likely to be applied with far more severity than before, and the government has pro mised that if the present laws are found after a short experience to be too lax they shall be made more stringent. There is reason to believe that many of the class hitherto fed by their creditors in Clichy will be reduced to prison allowance as cri minals in Mazes, and they will not find the change a pleasant one. The bankruptcy laws will probably be revised in a year or two ; and according to the high authority of M. Rouland they stand in great need of it. He said that in the majority of cases of small bankruptcies the creditors never get any thing. A great hope was entertained by per sons doing business with Algeria that the operation of the law in that colony would be suspended there for some time in order to give time to wind up pending affairs. It was broadly asserted by a senator that the native Al gerians would never pay their debts if relieved from the fear of imprisonment, and that they actually thought it a religious act to swindle a Christian out of his money when they could do so with impunity. M. Rouher, however, was inexorable, and insisted that there should be no exception to the grand principle of the bill. Experience will soon show how far the alarms of traders to Algeria are justi fied. One Rouen merchant goes about saying that he expects to be a loser of five or six millions at once. The statement of Figaro, echoed by several journals, that Madame Rattazzi had been ordered to leave Paris is contradicted. The Imperial Commission has made arrange. menu for the delivery of a series of lectures on subjects connected with the display in the Exhibition. The lec tures will be delivered at various places within the build ing and the grounds. Among the subjects are—csout chow:, artificial ice, iron smelting, brass founding, and the regulation of gas. The lecturers are all men of some emi mace in their various professions. Tug ROMAN NATIONAL JUNTA.—The National Committee of Rome and the Centre of Insurrection between both which bodies dissensions had arisen, have voluntarily dissolved and have united in a sow organisa tion called the Roman National Junta. FRIENDLY AND CO-OPERATIVE SOCIETIES. This morning was issued the Report of the Re gistrar of Friendly and Co-operative Societies in Scotland. The account given is of • very favourable character. Of the usefulness of co-operative societies the registrar has a very high opinion, and be has lately received various commn nic►tiona tending strongly to confirm his view. on the subject. One instance, in particular, communicated by a gentleman connected with a co-operative society, ispeculiarly gratify ing ; the writer mentions that since the formation of the society the aspect of the neighbourhood has been quite changed ; that formerly the people were much given to drunkenness, but that now, there being no spirits allowed in the store, they, in plate of spending their money on in toxicating liquors, are providing for their families re spectably, and are able to help their sick. The registrar feels that it would be of vast importance that gentlemen of influence should take an interest in such societies. He has within the last few months received several letters from gentlemen of largelanded property who are anxious to have such societies formed in their neighbourhood. In • former report, the registrar has noticed favourably the tone of morality and religion displayed by many of the societies, which is illustrated by the members being subjected to • fine if they are guilty of swearing at any of their meetings. He has also formally noticed the de corum and courtesy inculcated in the rules which must necessarily lead to the improvement of the conduct and manners of the members at all times, and, indeed, as members are expelled for bad oonduct, they in such institutions must be well conducted. The registrar has also much pleasure in taking notice of the great cour tesy with which, with very few exceptions, he is treated in the various communications that he has with the office bearers of the different societies. He is also generally much struck with the great intelligence they display, and, frequently, the superior manner in which they express themselves in their letters. DEPARTURE OF THE SULTAN.—We understand that his Imperial Majesty the Sultan will leave Bucking ham Palace to-morrow morning, for Dover, on his way to Brussels. From Brussels the Sultan will go to Coblents, lad will there visit the King of Prussia. From Coblenta the Sultan goes to Vienna, and thence to Constantinople. BREAKING OF THE ATLANTIC CABLE. —A tele gram, d►ted Valentin, Saturday, 6 p.m., reports that the cable of 1866 veu broken sudden)) , on Saturday afternoon ; that the preliminary experiments give the locality at 50 nautical miles from the other side— i.e., from Heart's Content. "This," says the chairman of the Anglo- American Telegraph Company, " would indicate a very moderate depth of water in which the injury can be re paired with great facility, as in the case of the recent accident to the shore end of the same cable. The 1865 cable is in perfect order." THE INCREASED ARMY PAY.—A revised supple mentary estimate to cover the charges for granting an increase of pay to the non-commissioned officers and men of the army, militia, and army reserve force and for the more efficient recruiting of the army, gives the amount at 500,0001. The addition of 2d. a day to the pay of all non. commissioned officers and men of the army is 376,0001., and the ►ddition of Id. a day to the pay of all rs.engaged men, ►t 23,0001. The increase of rewards to enlisters is estimated at 7,0001., and the additional bounty to men re-engaging or proceeding abroad, 10,0001. The additions to the pay of the militia amount in all to 63,2301., and the army reserve force to 20,0001. THE LATE MADAME MCBUROS.—The Post, de scribing the incident at the India-office ball, steam that when dbegan one of the Ambassador's daugh ters was • of the Prince of Wales. Presently the Sultan the royal personages, with the most distin guished guests , retired to supper ; but on the threshold of the room Madame Musurue was taken ill, and could pro ceed no further. She wee at once removed to another apartment, and became immediately insensible. A staff surgeon of the Bombay army was quickly found among the company. It being evident to him that nothing could be done—the pulse having almost stopped, and the ptrooggteeers of the fit having been extraordinarily rapid—the Ambardeees was, with the approval of her husband, as quickly as possible carried down 'tars and taken home, 'passengers being despatched for doctors to meet her, and for • hot bath to be prepared. In consideration of the feelings of the family, who had gathered round her, the passage adjoining the room to which she was taken, and afterwards those through which she was carried down stairs, were cleared. She was therefore removed almost unnoticed, and few of the guests were aware of the serious nature a her seizure. Lady Molesworth took home the young ladies, and remained some time at the embassy. Hut nothing could counteract the sudden but fatal blow, and death supervened before science could avail itself of its resources. The Queen tele. graphed directly to the embassy, and also sent an equerry to inquire after the health of the ambas sador, and to express her sympathy and condolence. Madame Anne Musurus was born in 1819, and was one of the daughters of the well-known Prince Vugorides, She was married in 1839 to Musurus Pachs, • member of one of the first families of Constantinople, and whose eldest brother is • member of the Great Cou ncil of the Empire and the youngest is Prince of Samar. Prince Nicola; Vogorides, brother of Madame Matures, was eau:imam of Moldavia before Prince Couza ; her youngest brother, Prince Alexander Vogorides, was Councillor of the Em beery at London, and he is now a member of the Great Council of the Empire. Her elder sister is the wife of Prince Stourdza, who was for sixteen years Prince of Mol davia. The lamented lady leaves two sons and four daughters. During Saturday Dr. E. Lankester, the co roner for Central Middlesex, received information of the death of Madame Musurus, accompanied by a certificate signed by Dr. J. C. Forbes, her medical attendant, who ascribed death to disease of the heart, accelerated by ex citement. The coroner thereupon deemed an inquest un necessary. hfAximmi•N's DEPENCE.—Despatches from New Orleans, printed in the New York papers, contain further intelligence regarding the trial of Maximilian. Maxi milian was confined to his bed when the case was called, his being the last. He was ably defended by Senor Eulallo Ortega, who refuted the charges of Maximilian's usurpations and cruelty. He said that the law of the 3rd of October was made when Maximilian was cheated into the belief that Juarez bad abandoned the territory, and that one of the articles of that law was dictated by the French commander-in-chief. He said, moreover, that that law was only intended as a terror, and as there never had been a petition for pardon presented but was conceded, he earnestly asked the members of the court, in the name of civilisation and history, which would judge of the terrible deeds done that day, and as the defenders of the second independent* of Mexico, to save the good name of the country in the eyes of coming generations, who would for ever applaud, as the crowning a the greatest victories, the greatest forgiveness. Among the ac cusations against Maximilian was one of attempt ing to prolong the war by the decree of March 7, and creating a regency in case of his death in the coming battles. Jews Maria Vasquez, one of Maximilian's counsel, closed the argument as follows :—" If you condemn the archduke to death I am not uneasy about a coalition in Europe, or the threatening attitude that the United States may assume towards the republic. I have confidence in the liberals who have rooted out the French from this soil; but I fear the universal reproach that will fall upon our country as an anathema—worse than even • sentence of death—because of the nullity of the proceedings of this court." MITILOPOLITAN FRKZ HOSPITAL, DEITOPISHIPS, SWAIM CTTT.—The aggregate number oipatiente relieved during the week ending July 20 wes—Medicel, 853 ; sruz. Pad, erib ; total, 1,501; of which 529 were new can. F. 1 Ixlrene. 2111 I L W. It 17— . 17—,1 1 Nabs 29.6249 L N.W. ler 0.9 3 Aberdees 26.48 60 11.2. 11 1 L&L bo 241 3 Leith lad 63 N.Z. 8 1 L rau 2 Ardrosean 19.4066 W. 112 1 N.W. r 1 Oreeneedle 29.37 66 N.E. ,2 1 L 512. to 053 1 Valrotle 19.34 67 W.N.W. 7 1 6 LW. to 0.66 6 89.64 06 & 21 4 I. bi— BoltQad 1.4669 B.&W. 6 2 L&L ; a tie 5 Pensabee 19.46 63 LW. 7; 4 L&W. leb 4 Bred lll.BO 66 LW. 6 6 LW. 'rl 1161 4 Lorlent 2ll 80 64 W.S.W. 6 6 &&W. ;ye 0.11 Itoebefort 19.92 64 B.&W. 11 8 1.8. ' b I 117111011th 29.49 02 W.B.W. 2 &W. roe 0.42' 3 Weymouth 1 - - Portsmouth 16.71 62 LW. W. S. W. B 1 r 2 Loudon 26.71 441 &W. 5 71 W.S.W. MO Ale - Yarmouth— 20.71 661 W. 1, 6 LL W. el -Boarboroosb. 1268 00 LW. i 2 W.N.W. , e 0.16 Melds 19.62 691 LW. 6 1 &L Ito 4.16 2 Helder UNITED DISCOUN (T T iffsß ) PORAIDAY. To-day at noon the first ordinary general ram ing was held at the London Tavern, Capt. bie.vut4 in tk i chair. _ The following is the report of the directors : " The directors have the satisfaction of banding t o shareholders the accompanying statement, showing result of the operations of the company for the put mouths : --Out of the net balsam the dumctors prop, to a dividend of 2s. hil. per share, being at the rate of rat .. more than 51per cent. per annum, and to carry form", balance of 1,, 71f. 4s. 4d. to next half-year's accouut. directors have much pleasure in assuring tbe pftp r i ej , that the business of the company is propesung very factorily, and that the new and valuable account s have recently been opened show that the prugpens of :se oorgoratian are most encouraging. Balance-sheet, June 30, le47.—Dr. : To capital ,o, munt-22,4251 shares, on which 6f. per share have F o credited sa d gilled, 134,55:if. ; less arrears, 130,85/.; to loans, deposits, la., 1,5952731. ; .1 0 amount at credit, as per annexed statement, 8,127/. h. A. ; total, 1,734,253/. 13e. sd. Cr.: by cash at various brirkft, 49,1051. 68.241. ;by bills discounted, sa 1,675.192/..;& by premises, furniture, I:c., in Abeburch-lane, ; IN. lid.; by preliminary expenses, 1,15 G. Is. Id. ;aW 1,73{,2331. 13?. .5d- . . _ "Profit and Ices account, 30th June, 1867. —To expenses, including salaries, rent, taxes, and all wie l charge., 2,0781. la. 11d. ; to rebate of interest on 64,4 counted, not yet due, carried forward to new wow, 3,232/. fis. 4d. ; to dividend of 2s. 6d. per share on shares taken up, 2,803/. 3s. 9d. ; to ditto merry.' se 2.15. t shares not taken up, 320/. se. ; to balance "Med ferwari to profit and loss new account, 1,771/.4D 4 d, -- t , .127/. Is. A. total, 10,203/... 4d. By gross profile to date, 10•:!/d 3s. 4d. The CHAIRMAN congratulated the meeting on the foot that all that the directors bad to tell them wx go o d, although the low value of money had kept down the pro. fits below what he hoped they would reach on schsciatut occasion.. The bills discounted, 1,675,19'24, we re „,„ he average bills of about 76 days currency, and the un..ge l was satisfied that they were all of a satisfactory ch ukter. The premises, though worth considerably more,wer e tu t , in the balance-sheet at what they cost. The pre. liminary expenses were heavy, but print urg. gistretion fees, and other necessary charge., „ ere always heavy ; but in their Cabe every s ir oft had been made to keep them down to the lowest point, The number of shares taken had increased to 23.7,013, which showed that the company was gaining is phi confidence. The directors, feeling that the bard was somewhat weak in its constitution, were endeavouring to make arrangements for strengthening it by the ictroductioa of some gentlemen of commercial experience and Wham There was no present intention of making a call, oar did he see any prospect of a further call being mammary is the future. iii:COLCHEMTER seconded the motion, which van ried unanimously. The dividend of 2s. W. per share was confirmed, the outgoing directors and auditors having bees melee the proceedings terminated in the usual way. VICTORIA STATION AND PIMLICO RAILNA CONFAB Y.--(THIS DA K) The eighteenth ordinary half-yearly meeting ( the above company was held this day, at the office, Westminster-chamben, Victoria-street; Mr. IV. Ur, XP in the chair. y, the secretary, read the report of tie directors, which stated that the available balance at it. credit of revenue account for the ball-year ending Jute 30 allows of the first payment of the maximum ilividta! of 9 per cent. per annum, leaving 1,5341. 19e. ld. to carried forward. Although the past six months have be e a period of extraordinary and calamitous &Trianon a railway property, the directors have, throughout, iv tained their confidence in the stability of tb company's prosperity, and the soundness of its pain.: That confidence continues unabated. The bill, prn....1. by the directors of the London, Chatham, and Dover cm. piny have had to be carefully watched ; but in the co, promise bill in which the venous measures have mete 4 the interests of the Victoria Company are fully protect<4, and its rights and reme di es reserved. . . The CHAIRMAN, is moving the adoption of the repst, congratulated the shareholders on arriving at the dwakat of 9 per cent, which there was no doubt would be condt need in perpetuity, with the addition, occasionally, of a small bonus. (Hear.) Mr. Ewen seconded the resolution. Mr. FRANKLIN, in reply to a shareholder. said the in. come of the company was derived from a sum of 232,u5f 0 paid in equal portions by the Great Western and Lemke, Chatham, and Dover Companies. The portion doe Ina the latter company had been duly paid to this company op to the Ist of April last, but the Great Western hed not yet paid its portion, but it would be paid in the course of a few days. The report having been adopted, and the dividend clared payable on the Vith inst., the proceedings dosed with a vote of thanks to the chairman. MUCK= mum -(7ms DAT.) MONDAY, J1:11 - .T 82, 8 1.11. glace Words: the presort of the atmosphere over the !riled Wee has deeremed Is now rising in the south. Wird. southwesterly and froth on southwest coasts. Weather clvtl/ with rain general. The Lord Mayor and Lady Mayoress gave a farewell banquet to the officers of the Belgian ride ova at the Mansion-house on Saturday evening. The Lim possible hour had been fixed for the entertainment. d afford the gentlemen invited an opportunity of teeing comfortably from Wimbledon, but unfortunately not lug of the two hundred who had promised to oome were AY to get back to town until the feast was over. The operas announced for the current week at Covent Garden (the hat of the season) are L'Afrmow to-night ; Borneo e GiuDetta, to-morrow and Saturday; Don Car**, on Wednesday ; Don Gwranni, on TheraW (" for the benefit of Mdlle. Adellha Patti') ; and F : Maraherita, on Friday (" for the benefit of Mille. Paull" Lucca"). The theatre positively closes on Saturday. Next season will show several changes in thextti• cal matters. Mr. Wigan's new theatre in Long•arre be open. Mr. and Mn. Dion Boucicault inaugur.te the autumnal season at the Princess's, in. of course, • dram by Mr. Boucicault. The St. James's will open at the tad of September, with a new leading actor and • draws by s new author. After Christmas Mr. E. T. Smith been the lease. of the Lyceum Theatre. A drama by Mr. Wats Phillips will be the next novelty at the Adelphi. Ne• Robertson is writing a new comedy for the Prise et Wales's. Considerable interest has been excited in Bengal by the death of the Hon. Sumlonath Pundit, the o•ly native yet found worthy of a seat on the bench of an India High Court. The deceased judge was of Cadiniere on:is his family intermarried with Bengaleee, And be kept aloof from all Bengalee usages. He began life on 241.1 year as a clerk, and then went to the native bar. Another trial of petroleum for generating steals was made at Boston on July 3, on board the P4o'. the same vessel that was used in the previous experiments. The results of this trial are said to fully confirm the ate• ems of the others. The Palos steamed 44 nautical miles in 4 hours 10 minutes, consuming eight barrels of petrel• learn. It is affirmed that in consequence of the expense attending the reception of the sovereigns and prinoisi in Paris the imperial civil list has exceeded its ordinary budget by some millions. The Emperor, it is NA, intends to provide for this excess of expenditure by !ailmen ts spreading over two or three years, without having recourse to a loan. It is said that the cost of the entertainment of sovereigns and princes will exoeed the sum of two millions sterling. A new church has just been consecrated st Illford, near Farnham, in Surrey. THE STATUE TO VOLTA IRE. —The Soo OOP tions that the subeeription list for the erection of a statue to Voltaire, to which 150,000 persons have already nub scribed, will be closed on the 30th of September. The commission to decide on the character of the monument includes some of the most eminent literary men in Yews. Amongst them are M. de Sainte-Benue and IL ProoPo blerimee, both senators, and M. Coyne-lel, jun. ADMIRALTY, JULY 20.—APPOINTMENT. CVLDE H. Boys to her Majesty's ship Warrior (commissioned,. Yost( • MAMA senate= five mil Denzil started a verton t as the fit however, tragedy Ire had E. F. adjoined George k the malt the dwel den. Mi months a nine yea] were per duitnotti Britten husband 13 4 1 1 - . ;r g atrocity of the tni or the pir Near to t quantity Friday Excise right, an. when mi "couch and five gang to th should be ones rids/ Britten, i the fire el hone!), a Hold mdmws few bucks and who woman w All her cl scarce and was but also notia poor worn it sometime others, ha Britten, rather pro it was not I.'n ernes and of a stockings There wet the Kerr none was long how, couch wai came an there were dent Deg his suapici wife. At questionin Cooed, he morning ti she was go him with custody. made yeah aeoen to the burr The pi bean for so tional Club a close. T of Run gs' , the third'', Y. Neumaz magnificent 5,0001 r., Um