The Express. — London, England, 1866-05-23 00:00:00

JOHN BROODEN. OILIGLNAL GOLD CHAIN MANUFACTOR Y, • le. RlNAutruersilXr, COVENT-OARDIN. JOHN BROGDEN'S 18-carat GOLD CHAINS. _ . JOHN BROGDEN'S GOLD GUARD CHAINS. JOHN BROGDEN'S GOLD ALBERT CHAINS. JOHN BROGDEN'S GOLD BROOCH CHAINS. BENSON, J. W. , by SPECIAL APPOINTMENT to K.P.H. the Primo of WAL2I3. TOWSON, J. W., 25, OLD BOND-STREET, JLP baring reomistracted these magnificent pianism, invites an inspection of artistic works. BBENSON'S, J. W., STEAM FACTORY for CLOCKS and WATCHES, 6 and IP, LUDGITE-HILL ENSON, J. W., 99, WESTBOURNE-GROVE. BEl4B°N' J. W., 164, TOTTENHAM-COURT ROAD. BENSON, J. W., MAKER of the GOLD CASKET presaged by the City of London to 11.11.11. the Prince of Wales. BENSON, J. W., MAKER of the CASKET pre misted by the City of London to H.H.H. Prince Alirsd. BENSON, J. W., PRIZE MEDAL, LONDON, Class U. BENSON, J. W., PRIZE MEDAL, Dublin, Clam 10. IENSON, J. W. HONOURABLE ME: I London. Class 15. BENSON, J. W., WATCH and CLOCK PAMPHLET. post tree for two Karam BENSON, J. W., MAKER of the CHRONO GRAPH by which the DERBY Is TIMED. BENSON, J. W., MAKER of the GREAT CLOCK of the EXHIBITION, 1862. CLOCKS for the CARRIAGE. Five Guinean. CLOCKS for the DRAWING, DINING, and BED ROOMS. CLOCKS for the HALL, LIBRARY, and CARRIAGE. CLOCKS for CHURCHES, TURRETS, and sTABLM. CLOCKS and GARNITURES DE CHEM' NEES. CLOCKS REPAIRED by ENGLISH, FRENCH, and °ERMA:4 ARTISTS. CANDELABRA in ORMOLU and BRONZE. CANDELEBRA in SILVER and ELECTRO PLAT& W ATCHES, CHRONOGRAPH, KEYLESS REPEATERS. -A AT ATCHES, CHRONOMETER, DUPLEX, LEVER. WATCHES, HORIZONTAL, CENTRE Iit:4•ONDS, fie. WATCHES in Sizes of Half to Three Inches In Diameter. WATCHES REPAIRED by ENGLISH, FRENCH, SWISS, •nd GERMAN _ARTISTS B RONZES D'ART by ROSA and ISIDORE BONIIEU R. B RONZES D'ART by CLODION, BARYE, CARRIER. B RONZES D'ART by PRADIER, CHATROIISSE, Ac. JEWELLERY, DIAMOND of ORIGINAL DEzzloNS. JEWELLERY for BRIDAL and other PRLSENTS. JEWELLERY, designed by ITALIA: YRKNCII ARTISTS. JEWELLERY, Sold for MOURNING WEAR, in great variety. SILVER PLATE, designed expressly fur PRE, SP :STATION. SILVER PLATE for RACING, FIELD, or AQUATIC SPORTS. SILVER PLATE for the SIDEBOARD DINNER, and TEA TABLES. SILVER PLATE fur INDIA. SILVER PLATE for DINNER 6 a la RUSSE. SILVER PLATE FLOWER AND FRUIT STANDS. LUDO' ATE -H I LL, OLD BOND-STREET, w r;sr BOURN E.() ROVE, TOTTEN II ANI -COU RT.ROA D. TURTLE, TURTLE, TURTLE. Clear Thick, and Invalid TURTLE SOUPS always ready. ST. JAMES'S ALL, RECENT•STREKT, PICCADILLY. WIL DONALD, Proprietor. TO WEST-END DINERS. —The WELLING TON, St. James'sutreet, Piccadilly. Ladies Saloon Dining-mom nn the first lint. The subscription ro. , ms are now open. Terms, twelve mmiths, El lls. six months, £1 Is. — Apply to D. Cameron, 4U, st. James's-street. LONDON must have a SUPPER and MUSIC Room for Gentlemen.—Remember, we wait for you at EVANS'," after the Covent Garden Opera and the Theatres true 111Prortoo. HAYMARKET. Tins Emilio, THE BALANCE OF COMFORT. Mews. Howe, Rogers. Braid, Av.. Miss Ada Caveadish.—THE FAVORITE OF FORTUNE. Mews. Buckatone, Chippendale, and Sothern ; Mrs. Chippendale, Ac.—And THE WOLF AND THE LAMB. PRl:fel:43'B. TRH Evancso, A LUCKY HlT.—After which HENRY VIII. Cardinal IV°bey, 11r. Charles Kean ; Queen Katherine, Mn. Charles Kean. LI CELTIC THIS EVENING, EIMrSI/K v AND CO. Mr. Emery rind Miss Elsworthy—And THE CoRSICAN BROTHERS. Messrs. leech ter, Jordan, Emery, Venn, Widdicomb, Ilorelanl. S Iltmatriek; Mesdames Leven's, Daverney, Henrade. and Taman. BRITANNIA. T 1179 3tWilereo, RICH AN I) POOR ; OR, THE FOUR SEASON& —The Hungarian Dancers. from the Oxford and Alhambra—To conclude with THE COUPGRAUS DAUGHTER. Meatwa. Rey nolds, Cranford, d Bigwood ; Mica Claradt. Came& Mrs. & Lane. MOTT-WATER AT LONDON BRIDOR. T 1179 DAT —)turning, Afternoon, 9h. 48m. Tu-Munnow—Nturning, 10h. 17m Afternoon, 10h. 49m. LONDON, W EDNESDAY, MAY 23. MR. CARDWELL has introduced into Parliament a Bill designed to put an end to the doubts which recent judgments of the Committee of the Privy Council have raised respecting the position and powers of Bishops in the Colonies. Such a measure was much needed. The Crown, it now appears, has been acting in excess of its powers by granting letters patent purporting to confer jurisdiction upon Bishops in Colonies in the enjoyment of constitu tional government. Hence confusion and uncer tainty have arisen, sees have been kept vacant, and disputes threaten to multiply. The inefficacy of the letters patent was made apparent by the judgment on the appeal of the Rev. Mr. LoNGI against the Bishop of CAPE TOWN, and its conse quences were still further developed by that pro nounced on tho appeal of Bishop COLENSO against the same prelate. It further results from the former of these judgments that the members of the Church of England in places where there is no church established by law may adopt rules for enforcing discipline which will be binding on those who have assented to them. Here is a new power utterly unknown to the Church at home, and modifying if not superseding the discipline established by the ecclesiastical sta tute law of the mother country. Th e s t a t e o f • things brought about by these decisions, which mingled new powers with old precedents, com pelled the Government to take one of two courses: either it must treat the want of power in the bishops, and the failure of English ecclesiastical law to reach the case of the colonies, as a defect, and endeavour to supply it by legislation, giving the bishops by statute the power which the letters Ratent had been suppoeed to confer ; or it must recognise the facts established by the judi cial decisions, and make them the basis of future administration. Happily the Government has taken the only wise and practical course—the course which will give most efficiency to the churches in the colonies—and it deserves the more credit, inasmuch as to do so it had to some extent to discard tradition and break the chain of habit. Ministers do not propose to legislate in ecclesiastical matters for those colonies which have constitutional governments. If the people of any colony like to repeat the work of HENRY VIII., and establish a Church with peculiar and exclusive privileges, the machinery of constitutional government supplies them with the means of doing so. It is competent to the Legislature of New Zealand to establish Bishop SELWYN, or to the Government of Natal to establish Bishop CoLssso, and give them jurisdiction, rank, precedence, and whatever else seems conformable to their office and dignity ; but Ministers will not ask the Imperial Parliament to do anything in the religious affairs of the colonies which the colonists are able to do for themselves. Mr. CARDWELL said last week that "the Govern " went did not think it would be the will of " Parliament, or that it would be consistent " with modern views of the conduct of this " country towards the colonies, to attempt to " establish by Imperial legislation that foundation " which had until lately been supposed to exist." Accordingly, their Bill assumes the decision of the Privy Council as the basis of legislation. The principle on which it was framed was thus stated by Lord KLNGSDOWN in the judgment on Mr. Lotto's appeal :—" The Church of England, in " places where there is no church established by " law, is in the same situation with any other " religious body ; in no better, but in no worse, " position ; and the members may adopt, as the " members of any other communion may adopt, " rules for enforcing discipline within their body, " which will be binding on those who have ex " pressly or by implication assented to them." Mr. CARDWELL explained the practical effect of admitting this principle when he said that in the Colonial Churches those restrictions and statutory enactments which were at variance with it, mean ing the ecclesiastical statute law of England,would be removed. We regret to observe in some quarters, where more liberality might have been expected, a disposition to grudge the Co lonial Churches the acknowledgment of this liberty, which after all is only conformable to their circumstances, and necessary to them as voluntary organizations whichcan only be maintained in vigour by the zealous co-operationof their members. No body in this country can have any interest in extend ing over the members of young religious con:ninth ties,which have to make their ownway against pecu liar disadvantages, the operation of laws made for a well-endowed ecclesiastical establishment in an old country. It was always certain that the Colonial Churches would be compelled some day to assert their independent character. They are the daughters of the Church of England, but daughters having a position of their own in the world. They want sympathy, friendship, counsel ; but they must after all shape their own course, win their own suc cesses, and be responsible for their own defects. We see it proposed to legisl ite against them by discriminating between those colonial bishops and clergy, if any, who may be induced gratuitously to 1 1 acknowledge the ecclesiastical statute law of England and give it effect in the colonies, and those who exercise the right of self-government which the Privy Council has decided to be legally theirs. We feel certain that Parliament will never do anything so unhandsome. Mr. CARDWELL'S proposal is made in a very different spirit. If his Bill lasses, the clergy of a Colonial Church will stand in the same relation to the Church of Eng land, and be as competent to hold preferment therein, as their brethren of the Protestant Epis copal Church in Scotland. The members of that church are not members of the Church of England, any more than they are of the Episcopal Church of the United States, but they are in communion with it, may minister at its altars, preach in its pulpits, and accept departments of labour in its service. If they, members of a voluntary body, exempt while in their own country from the eccle siastical statute law of England, and being, in fact, dissenters from the Church established by law in Scotland, may be thus admitted into the English Church, it would he most ungracious to exclude from it the clergy of the churches in the colonies because they exercise a freedom declared to be their right, and necessary to the performance of their duty. and OUR CONTEMPORARIES. (THIS DAY.) • IrnE , - - Le/CPRESS, . If Austria l (says the ‘lfferakl), could Annie la equivalent without the robbing of Turkey, thew would be nothing ineenistent with her dignity in letting Venice go. It is the letting it go without an equivalent, and in consequence of the menaces of a comparatively feeble power, which is objected to by Auatria as a disgrace to which she cannot submit. Her escape and that of Italy from thin dilemma ia the problem which we are told is about to be taken in band by the collective wisdom of Europe. We trust that that wisdom will be found equal to the occasion. The Star maintains that any policy which encourages Turkey in interposing her sword between Prince Charles of Hohenzollern and the people who welcome him is one that is utterly indefensible according to the best principles of enlightened !statesmanship, and is as pregnant of mis chief as it is barren of common sense. y* .. DN•FSDAir • EVeillitt, MAYI. INTELLIGENCE` (amuna's vsLIGIAMIL) FRANCE. THE PROPOSED CONGRESS. PAM, MAT M. The Coristitutionnel of this morning publishes an article headed " The peaceful policy of the Empire," in which it states that the French government has taken the initiative for a col lective step on the part of France, England, and Russia. The Constitutionnel adds :—" Diplomatic communications are being carried on between the three courts to settle the form which this step shall take, and the moment when the attempt shall be made." ENTRY OF RUSSIAN AND TURKISH TROOPS INTO MOLDAVIA. VIENNA, MAY 23. A telegram received here from Jassy announces the entry of a combined Russian and Turkish corps d'art's& into Moldavia yesterday. Omar Pacha commands the Turkish, and General Kotzebue the Russian troops. ENTRY OF PRINCE CHARLES IN BUCHAREST. BUCHAREST, MAT 22, Emma. Prince Charles of Hohenzollern arrived here at 4 p.m. to-day. All the church bells were rung on his arrival, and the authorities presented him with bread and salt. The Prince went in a carriage to the Chamber of Deputies and to the metropolitan church this evening. The town is illuminated. THE DANUBIAN PRINCIPALITIES. VIENNA, MAT 23. At the Paris Conference, Prussia alone raised any objection to the proposal of the Porte, for a joint intervention in the Danubian Principalities. Russia even is said to have agreed with Turkey on the subject, and the proposal for intervention, as agreed to by them, was submitted to the Con ference. France, England, and Austria intend to protest against the enthronement of Prince Charles of Hohenzollern. BELGIUM. BRUSSELS, MAT 23. The Hereditary Prince of Denmark arrived here yesterday evening. A royal decree has been issued ordering the cattle market at Antwerp to be closed. AMERICA. ARRIVAL OF THE HIBERNIA_N. (Via Greencastle.) NEW YORK, MAY 11, EVENING. James Stephens arrived here yesterday evening in the steamer Napoleon, and was enthusiastically received by the Irish. It is reported that he has been elected General Head Centre. Mahoney has resigned, previously removing Killian from the post of treasurer. Stephens stops at the Metropolitan Hotel, and receives a great number of visitors. He has informed the reporters of the press that he will soon return to Ireland, adding that if the Fenians discontinue their dissensions here, they can be fighting British troops in Ireland on solid front within the present year. He was told that the Senate had advocated the invasion of Canada because Mahoney opposed it. He had pro- cured the latter's election as Head Centre. Roberts has had an interview with Stephens, and it is reported that the contending factions aro becoming reconciled under the recognised leader- ship of Stephens. Killian has issued a circular declaring the failure • of the Eastport expedition to be only temporary. The few thousand dollars had been well spent, they having increased the existing complication, brought the British fleet with shotted guns within 100 yards of the American forts, caused the suspension of the government of New Brunswick, and agitated the fishery question. He had selected the sensi tive point between Great Britain and the United States. The north-west frontier was the gateway to Ireland. The massing of Fenians on the frontier had strengthened the confederation scheme, and Mr. Seward might soon have some cause to oppose the establishment of royal blood on the throne in the North, as he had done in Mexico. NEW YORK, MAY 12, Monsma. The grand jury of the Federal Circuit Court of Norfolk has indicted Mr. Davis for treason. The court has adjourned until the first Tuesday in June, when it will meet at Richmond. Judge Abell, of the first district court of Lousiana, has decided that the Civil Rights Bill is unconstitutional, and not binding on that court. A part of the grand level of the Mississippi river has given way, flooding thirteen parishes of Southern Louisiana and causing an immense de struction of property. Yesterday the New York Chamber of Commerce protested against the proposed export tax on cotton. News from St. Thomas announces that the steamer Styx left that port on the let of May for Vera Cruz with 1,200 French troops. Mahoney assigns as reasons for resigning his having given consent to the Eastport expedition, the failure of which had damaged the cause, and furthermore he objected to remain an obstacle to the restoration of harmony among the Brotherhood. Stephens, in a letter accepting his resignation, approves the action as wise and patriotic, but con , demns Mahoney's weakness in sanctioning a move ment calculated to divert the attention from Ire land. Stephens declares that the objective point of the Fenians is not Canada, or Japan, but Ireland. Stephens was serenaded last night, and made a short speech, acknowledging the compliment, and exhorting Irishmen to be united, to drop dissen sions, and look to the wants of Ireland. A Fenian mass meeting was to take place at Jones Woods on Tuesday. It is rumoured that a Fenian movement has been organised at Buffalo. General Meade has been ordered thither. The Fenians who captured the schooner Went worth restored the vessel in a few hours uninjured to the captain. The party then landed on the ' coast of Maine. Generals Steedman and Fullerton, the commis sioners sent South to investigate the affairs of the Freedmen's Bureau, report from Wilmington that agents of the bureau had been exercising arbitrary• power, and practising great cruelties upon freed men. The commissioners recommend the removal of all officers of the bureau in Virginia and North Carolina, and the transfer of their duties to others. The Senate has confirmed the appointment of General Sickles as minister at the Hague. NEW YORK, MAY 12, EVENIWO. The French minister is reported to have ex plained that the French troops announced to have passed St. Thomas on their way to Mexico, are only to replace for the present some whose term of service transpired. It is rumoured that Stephens will make a tour in the States in order to reorganise the Fenian circles preparatory to the development of a new plan of operations. No Irish bonds are to be issued at present. No prominent Federal state or TDIANCIAL SPICUL.LTION. The Times takes the opportunity, apropos of the Earl of Clarendon's circular, printed in yesterday's Express, to again point out the credulousness of our countrymen and countrywomen in the matter of financial speculations. It is by the trade of lending money that the companies they trust seek to pay high dividends. For the loan of capital the public at large ought not to expect more than a very moderate rate of interest, say 5 per cent., which is a sort of average profit or general gain from the whole productive industry of the country. If they are receiving a high interest, they must be sharing the risk of some speculative business out of the range of their intelligence and experience. The British lender to a foreign country, or to one of our own dependencies, must find himself some time or other sharing the uncertainties and reverses peculiar to distant markets. The Times then refers to four fevers and four collapses in our recent history. One in 1824 was • fever for undertakings of an ostensibly useful character at home and abroad ; the next, about thirty years since, was for loans to foreign countries in which our sympathies were enlisted, and nearly the whole of that money was last ; we had, indeed, promised to lend more than we possessed, and people had to sacrifice their instalments to get rid of their obligations. Then came the railroad fever, twenty years ago, tainting the very legislature. The next, ten years ago, was more purely commercial, when we took to exporting all sorts of mer chandise to all countries under the sun upon borrowed capital ; and now the last is a rage for money-lending by the medium of companies, whether called banks or not, at interest which our forefathers thought as sinful as marriage within the prohibited degrees, or any other Levitical offence. As on the former occasions, the enormous aggre gate is its own confutation. It is conceivable that • few millions may be laid out at high in terest, but not that a hundred millions can be so invested. The world will never remember that all the world cannot grow rich. There is not room for all to expand so suddenly. In an inelastic area, and a popula tion that only increases by a fixed ratio, it is impossible to give everybody at! once twice as large a house, twice as many servants, twice as much income, and twice as large a share of comforts and luxuries. As soon as the attempt is made the weaker begin to fall, like the little fledglings elbowed in this month of May, by their stouter brothers out of their narrow nests. Every trade is limited, and so is money-lending ; nor can any mode of conducting it render the area of operation much larger or the employment of the loan much more remunerative. It is in the enormously increased system of deposits, the system by which capitalists, large and small, strive to obtain the maximum of profit at the minimum of trouble, that the Post finds the real source of danger. and whether or no it is possible, or may be wise, to attempt to control and regulate that system by legisla tion is a grave and wide question. But whatever influence, if any, the position of shareholders may have exercised, or may be expected to exercise, it entirely objects to any company being relieved of its obligations to its creditors and the public whenever two-thirds of its shareholders think it may become unpleasant to pay up byany process save that of bankruptcy. That a shareholde r should conceive the idea is natural, but that he should expect the public to entertain it is remarkable. PARLIAMENTART REFORM. Mr. Dudley Baxter has addressed another letter to the Times, renewing his criticisms on the Redistribution Bill ; but our contemporary tells him it is of no use demon strating the incompleteness, the want of principle, the anomalies of the government scheme, unless some alternative proposal is suggested. Much that he say s is very instructive and amusing, and can leave no other im pression than that the government have embarked on a voyage in which for want of seamanship they are deter mined to make for the nearest haven, unheeding currents which may distract, and sunken rocks which may prove fatal to their course. But they may claim the merit of at least making for a port, and until sonic pilot with greater knowledge and profounder mastery of wind and tide arises they may hope that the helm will not be taken from them. - . The Herald ridicules the reform demonstration on Primrose-hill. Though it can afford to smile, it says, at the rantings there heard, it not the less condemns those who have endorsed the policy of demagogues, adopted their watch words, and played into their hands. . . Considering how earnestly tory speakers and journals assured us that the country was against the Reform Bill, the Tekgraph thinks the course of events in election matters must be a little inconvenient to them--it would say astonishing, if it could believe that they credited their own argument. But it takes a long while before the employer of a false assertion becomes himself deceived by it, so that the Telegraph does not imagine the tories to be at present so much surprised as disgusted and per plexed. Aberdeenshire, which had been a stronghold of their party, lately fell from them in spite of all that local landholders could do ; and now llevonport has returned two good liberals to replace two tories, who, in a political sense, were worse than nothing for any action involving progress and parliamentary justice. The Star belauds the Reform League for the moderation it displays, and for the manly good sense of its leaders. If the government remain firm, the victory will be won without convulsion ; if ministers play fast and loose with the confidence which has been reposed in theni, the feeling of disappointment may occasion difficulties much less easy to cope with than the opposition of peers, or the strategy of the anti-reformers in the Commons. AMERICAN POLITICS. President Johnson, the Daily News says, has now before him a splendid opportunity. By the principles of the constitution, Congress alone has power to reconstruct the Union. The definite proposals of the reconstruction com mittee, which have been approved by the House of Repre sentatives and now await the veto of the Senate, are sin gularly moderate, and are made in the spirit of compromise, and Mr. Johnson's acceptance of the principle of the constitutional amendment would enable him iso secure the rejection of the only obnoxious condition the proposal contains. But the Daily News has not much hope that he will make the sacrifice of renouncing his per sonal preference for the details of his own plan. He has misunderstood the northern people from the first, and is most likely looking forward to the new elections in the autumn. However, the Daily News does not believe that the American people will ever consent to readmit the Southern States to all the powers and privileges of the general government until old inequalities have been re dressed, and the privileges which were given as a sop to slavery have been resigned as a sacrifice to freedom. They have known how to restrain the impetuosity of their poli tical leaders, they will also know how to overcome the resistance of their President. The Post thinks it must be confessed that, viewing the matter literally, Mr. Bancroft has much the beat of the controversy in his correspondence with Lord Russell, and that Mr. Bancroft was justified in alleging that ere war had well commenced the British Foreign Secretary re garded the republic as no more. Lord Russell in the opinion of the Post, echoed the sentiments of the vast majority of the people of this country when he said of the American war that it was a struggle for empire by the North, and for independence by the South. But, having used this language, be ought not to be surprised if one who was an ardent Federalist should accuse him of par tisanship. The conclusion we are driven to is that a ! minister of state should never entirely divest himself of I his official character, and should weigh well the literal meaning of every word which he employs. The editors of 16 of the more important liberal papers of Prussia have just met at Giessen to concert a common course of action in this emergency. All agreed to advocate peace as long as they could, and promote revo lution, in the interests of unity, if war were to be inevitable. THE STATE OP ECROPE. The Times institutes a contrast between the attitude of the two powers who are arming for the attack of Austria—the same national spirit which impels Italy to war in the hope of gaining a province impelling the Prus sians and their kindred neighbours to peace through the fear of losing one. Italy is eager for war, while the Ger man people declared that he who might cause war is guilty of a crime towards the nation. From these opposite tendencies, it is fair to conclude that there still remains a possibility that war may be stayed, and a probability that if it begin it may before long be checked by some political movement in Germany. We assume that Austria will have sufficient self-command not to repeat the mistake of 1859, and destroy the influences that are working in her favour by an attack on either of her adversaries. If she cannot consent to tako the advice of Europe and part with Venetia her best policy is to remain on the defensive. The root of the whole difficulty is the possession of Venetia by Austria ; and if this power could be prevailed upon to yield to the wishes of Europe and relingush its disaffected province, it would establish a claim on their good will which could not be ignored. If Italy were satis fied, it would not be difficult to bring Count Bismarck to reason. The Doily News begs its Italian friends to under stand that it is the besetting weakness of a cer tain sort of public opinion in England to be quite unable to regard anything that happens beyond the circuit of these islands from any other point of view than that which a correspondent described the other day as " the parochial." The p trochial mind is no more capable of conceiving any legitimate grievance against Austria on the part of Italy than some guardians are capable of conceiving the grievance to consumptive paupers of carpet-beating close to their beds. The better part of English opinion which sooner or later subdues the worse desires to see all other nations free and happy even at the coat which England has paid for her own security and strength, and has learnt the history of its own country and of Europe too well to ask others to bear burdens with out a murmur which it would sooner drown a continent in blood than endure for a day. To the mere single issue, observes the Telegraph, whe ther Austria or Prussia shall occupy Holstein, whether Italy shall obtain or relinquish the hope of obtaining Vene tia, or whether the Principalities shall give themselves to • Russo-Prumian nominee, no escape can well be suggested except of • violent character. But the greatest and most powerful of continental nations may fairly make, to a European conclave, concessions to which it would not stoop at the dictate of any single member of the body. In other words, if peace is to be preserved, it must be by mutual concession on the part of the different members of the European community. • , a •, 3 1866. painkiPal officid is yet reported to have visited illephens. NEW YORK, ILLy 12, Emma. Money abundant. Gold, 1281. Exchange on London, 141 ; on Paris, 3.98. Stocks firm : but little doing. Wow York Centrals, 921; ,Illinois, 1221 ; Erie, 73i ; 5-20 Bonds, 102. Cotton held firmly : Middling Upland, 341. Four and wheat dull. Corn quiet. Provisions dull. Coffee steady. Sugar and molasses quiet. Crude pe troleum, 29 ; refined, 42. Receipts of cotton at New York last four days, 5,000 bales. Two days' sales, 3,000 bales. NEW ORLEANS, NAT 11. Cotton firm and active. Low middling, 32 to 33. Week's receipts, 6,000. Two days' sales, 4,000 bales. _ OUTWARD AMERICAN MAILS. IN, M•Y 23. The North German Lloyd's steamer Hermann, sailing to-day for New York with the English, French, and German mails, takes 175 cabin and a full complement of steerage passengers, and a large cargo, including French jewellery, value 65,000 fr. the Court. WINDSOR CASTLE, MAY 22. The Queen drove in the grounds yesterday after noon, and walked and drove this morning, accompanied by the Princess Helena, and attended by Miss Bowater. Princess Louise and Princess Beatrice also went out driving. The Prince and Princes► of Wales, accompanied by Prince Alfred and Princess Helena, and attended by the Hon. Mrs. A. Hardinge, the Hon. Mrs. Brace, Lieut.- General Knollys, Major Teesdale, and Colonel the Hon. A. Hardinge, visited the International Horticultural Exhibi tion at South Kensington yesterday. Her Majesty is expected to leave Windsor Castle for Cliefden-house, the seat of the Duchess of Sutherland, on the banks of the Thames, near Maidenhead, on or about Saturday next. The Prince and Princess of Wales have accepted the invitation conveyed to them by Lord and Lady Stafford to stay at Coeteuey Hall during the Norwich festival week. Costeuey is about four miles from Norwich. Their Royal Highnesses the Prince of Wales and Prim* Alfred dined with the members of the Four in-Hand Club, at the Trafalgar, Greenwich, on Monday evening. Covers were laid for 50. Their Royal Highnesses the Prince of Wales and Prince Alfred honoured the officers of the Ist Life Guar& by their presence at dinner hat evening at the Albany street Barrack., Regent's-park. Their Royal Highnesses the Prince and Princess of Wales will honour Lord and Lady Foley by their com pany this evening, at Lord Foley's residence in Grosvenor square. The Earl and Countess of Wilton will give a grand entertainment to their Royal Highnesses the Prince and Princess of Wales on the 4th of the ensuing month, at their residence in Grosvenor-square. _ -- --- His Royal Highness the Prince of Wales will, according to the Orel, proceed to Ascot with the usual cortlge from Titness-park. We (Owl) believe we arc correct in stating that her Royal Highness the Princess Mary and his High ness the Prince Teck have signified their intention of pro ceeding to Ashridge, the seat of Earl Erownlow, for their honeymoon. A marriage is arranged between the Hon. Gerald Dillon, eldest son of Lord Clonbrock, and the Hon. Au ' gusts Crofton, daughter of Lord Crofton.—Owl. A marriage is arranged between the Earl of Sefton and Miss Jolliffe, only unmarried daughter of the Right Hon. Sir W. G. Hylton Jolliffe, Bart., M.P. The Dowager Lady Truro died on Monday after noon very suddenly. It will he remembered that her lady ship's brother, Sir Augustus D'F.ste, claimed the dukedom of Sussex on the death of his father, the well-known son of George 111. ; but the marriage of the Duke with Lady Augusta Murray, the mother of Sir Augustus and Lady Truro, was pronounced invalid by the House of Lords, as having been contracted without the consent of the crown. _ _ We regret to state that the Bishop of Hereford is suffering from very severe illness, and is unable for the present to attend any business. We (thri) understand that Sir John Michell, K.C.8., Commanding-in-Chief in Canada, is likely to give up Lis post. The corps of Royal Engineers have arranged to receive Sir William Denison at a banquet, on his return from twenty years' service abroad, passed in iidminister ing the government of three of the great dependencies of the empire.—Owl. Admiral Fanshawe, a Lord of the Admiralty, will hoist his flag on board the Zealous, ironclad, to relieve Admiral Denman in command of the Pacific fleet. — Owl. Mrs. Keble was buried last week at Hursley, in the grave of her husband, which was kept open for her in obedience to her pathetic request that it should be so. Six ladies were the pall-bearers. Sir William and Lady Heathcotc were among the mourners. THE CHARGE AGAINST A FRENCH BANKER. BOW-STREET.-(THIS DAY.) [ The cue wee proceeding when we went to press.] Victor Widmann was brought before Sir Thomas Henry, the chief magistrate, on the adjourned charge of absconding from Guibuiller, in the department of the Haut Rhin, with a large amount in money and securities, the property of his customers, the total amount of defal cations being about 4,5001. Mr. Montague Williams, instructed by Mr. Rilby, ap peared for the defence ; and Mr. Albert attended again as interpreter. The case derives peculiar interest from its being the hurt probably that will occur under the Extradition Act (amended) of 1842, passed in accordance with the treaty between England, France, and America, to facilitate the apprehension of person]; charged with criminal offences who may have taken refuge abroad. The treaty was effected before the existence of the present I empire of France, and some difficulties have been expe rienced in carrying its provisions into effect, partly owing to the difference in the mode of criminal proceedings in I the respective countries. The expiry of the treaty, how ever, is close at hand, and the result of this case, it is un derstood, will have a material influence upon the question as to the renewal of the treaty in the present or any other form. Mr. Picard (cross-examined by Mr. Montague Williams) —I am chief clerk in the house of Schumberger and Co., the first commercial house in Alsace. We have business relations with the prisoner, and I was also personally acquainted with him. I was appointed official assignee because all the shareholders and creditors requested me to act. I act with another assignee. It in usual to appoint two assignees, when the bankruptcy takes place at another town than that where the court is held. The first step in the bankruptcy is an application to the Jugs de Pail, inorder to ascertain if his absence was merely accidental, or whether it was fraudulent. After this there was an inquisition at Colman, and also at Guibuiller, before the Attorney• General (Procureur- General), the Juge de Pail, and the Juge d'lnstruction. He was then declared a bankrupt. The witness here produced a copy of the decree/by which Victor Wideniann, manager of the Bank of Widemann, Bontemps, and Co., having absconded, that house was de clared to be bankrupt, assignees were appointed, and di rections given for the usual advertisements, !cc. The firm consists of the prisoner and a number of share ! holders en commanditd. I Sir Thomas Henry explained to Mr. M. Williams that this was a peculiar arrangement, scarcely known in this country, at least till lately. Persons deposited their money, for which the managing director was responsible ! to them, but they were not partners according to the I French law ; but they had a certain interest in the concern. Mr. M. Williams—ls there any charter, or how are they established! Witness— The bank is constituted under a deed of ammo elation (acte d'association). Mr. M. Williams—Who is Bontemps! Witness—Bontemps is his wife's name. Mr. M. Williams—ls she a partner! Sir Thomas Henry—She could not be responsible, sayon know, Mr. Williams. Mr. M. Williams—Not in England. Sir T. Henry—Nor in France either. Mr. M. Williams—Then why is her name in it ? Sir T. Henry—That proves nothing. It I. usual in every country to keep in the old name of the firm, as in Child's bank. . --_____ OVERFED, GURNEY, AND CO.-{THI S lux) -._.. A meetingof shareholders andothers interestedix the affairs of Masora Overend, Gurney, and Oe., add at the London Tavern, at noon, for the pav e . of steps to preserve the good will of the businasa tl.tZ menoement of the proesedhip was delayed f or di si s tia , in consequence of the non-arrival of Mr. R. Pat in , who had been erpsetod to take the chair. Mr. Maxis COvszrar having consented to pea. having taken the chair, he was asked how many le mia T, held in Overend, Gurney, and Co. to which be Mr. S. 810121 , ARD then moved the following I.L. P ! 1 & 41 : "That this meeting approve of the plan , d - r , ;• establish a discount company, according to the pr eeedr now presented, and pledge themselves to support the pany in every way in their power." He said after th e bi n ; ofOvermdandGurney's bank, the office of the ems whi c h '- represented (Mesas. Sheppard's, Pelly, and was besieged by persons mquiruig whethe r ese r L" , could not be done like what was now propo m i - 2 brokers of the oompaay which had failed, they m ewl . felt interested in the matter, especially es half seV * was paid for the goodwill of the concern. They wart far as to draw up • circular, which had lee * 4 l to all the shareholders, 2300 in number, and had re.* • great many answers. Many persons thought it daho h to „proceed on the plea of avoig all the li abi li ties e t 64 old company, and assurances had been received that of the deposit accounts would be banded over to ther o ; concern had it bee shu n in. uld teriau be form e d. The ad .a poi d ep erno r ietcem follows:e Gurney's.—limited.—(lncorporated under t* 25 and 26 Viet., conferring limited liability. )—c d a d 1,000,000/. In 100,00 0 shares of 101 . each. IL per 4,74 deposit on application 21. on allotment, 11, at A lm months 2/. at six months 31. at twelve month s the. capital 'will be paid in fill]. No additional el f on made, and no further liability can exist. A els* era be carefully introduced into the articles of as , aiNi t that if one-third of the capital is lost, the din** id call a general meeting of the shareholders to wind It s oompany, thus protecting the property of g u m:* and leaving a large balance to secure prompt pap as , * depositors. The object of this company is to paw l the valuable connexion of Overend, Gurney, said 4 (Limited)by the introduction of capital fnufrom all** into a new concern positively separated from the del, The business of the company will be confined to reat a ing money on deposit, at call, or at tined pert ersi. mullions, and the discounting of bills car The shares will be offeredfirst to the s e ll i a li r i etolan d Overend, Gurney, and Co. (Limited), and those art applied for will be distributed to the public by th e a m tors. It is proposed to purchase the lease of the *od ds in which the business of Overend, Gurney, u 4 g,. I (Limited) has been conducted, and to resume at as way, date as t,ossible. No promoters' fees will be paid, aig ad expenses avoided except those absolutely neceany t i legally constitute the company. Should the allotted d shares not take place, all moneys received will be is. turned without deduction promptly. No application * shares will bo received after the let June, IN! They might depend upon it that if they did act Ws, the business others would ; and he had received Wens from many country bankers urging that such a coroner that was a necessity for them. He had alsoreceived slier from one of the former partners in the concern, Mr. Duel Barclay Chapman. who retired seven years ago withal,* fortune, and he would read that letter to the meeting. It was as follows " To Samuel Sheppard, Esq. " Roelhampton, May 23,181 " Dear Sir,—l regret to say that it will not be Me nient to me to attend the meeting to-day, but if Übe iv portant that my long experience in the huMnee known, you are at liberty to state in my name that Ism eider there can be none better, if properly conducted I was actively engaged in it from 1817 to 1857, she I retired with an abundant competence, and dining whole 40 years I cannot call to mind any loss of =get* we made (excepting a robbery, which we immediately wiped clean out of our books), and this embraced the pa* of 1823,1837, and 1840; and with the exception of one was years we never failed to divide handsome profits annuily. The principle of the house was to confine our disallow bills representing current mercantile trsnsactioee, ad strictly to avoid paper drawn simply for the portend raising money, though endorsed by a country bank or my other substantial party. No doubt the departure free these sound principles of money-dealing has led to the lamentable result which has occurred. But, in my open* there is a moat excellent opening for a new compasy if managed on the original principles, and the altered circumstances of the money market at present afford mak larger scope for profit than during the greater part of ay time, when we were content with a very mall ream, though it aggregated to sums which ennched Ils 111— Believe me, yours faithfully, " D. B. Ctionn." He was bound to add that some of those who Wettings had hesitated to take part in any proceedings until they had more information. (Hear.) A SHAREHOLDER having asked why Mr. H. E 09311 was not present, A GENTLEMAN stated that Mr. Gurney had declined to attend on the ground that the meeting was not convened by the directors of Overend, Gurney, and Co., adding that oue of the partners no doubt would attend if requested. Mr. Ussimene deprecated the meeting's not responding to the appeal now made to them. If there were any delay the good-will for which they had paid so much would be limit. The concern of Overend, Gurney, and Co. ins a very profitable one. (A Voice " How did the lass arise?") The looses arose on securities which were banded over by the previous partner. The question for themeet• ing to consider was whether a concern which had hen making 200,000/. a year was worth baying or not. A GENTLEMAN said they could not decide until timbal seen the accounts. Mr. CsBORNE would ask what those present had to do with that The question for the meeting was whether . * goodwill of a valuable concern should be thrown to the winds. The CHAIRMAN wished to speak on a point of order. A desire had been expressed that one of the partners skald attend. Wan that the wish of the meeting general? (Cries of " All, alL") va h g l u r e . s U ta m ie ntr en r t h o o f p a l e a t o e u m n ee t,,, ti m ng .he w n oinuladfen:tdaisysk lea would be given fully. He had it, however, in Mr. Gorse , own handwriting that the returns had been mons" and the profits about 200,000 f. per annum ; and in Nell° a question from him, Mr. Gurney said that those peal were not exceptional, and that the business was lOW PE two and a half years' purchase. Mr. SHARP considered it very cool for anyone to l's' pose that they should take any steps without informing. Mr. HOARE said he could tee no advantage in the pre sence of either Mr. Gurney or Mr. Birkbeck. The formai however, assured him a fewdaya before the banketop ped 4 . the profits admitted of &dividend of 7 per c ent,sadtWs l : the payment of that dividend, 50,000/. would beearriedo He added that he was sure no one felt so deeply fats luxes of the shareholders as the Gurney family, ender' messed his willingness to go to the accountants, Mat Coleman, and put questions to them with regard t e the accounts. It was then moved that Mr. Birkheck should be le quested to attend to afford information. blame, ,Sorbaz,, l ed i c ha e exculpating the re ting . a rock, and the only question was whet h er tat* not be examined before they went any further. lie es' eluded by moving the following amendment, "Tin present time it is not expedient for us to form a now °'"- pany as now proposed." The motion having been seconded, the stoppage was owing solely to the lock-°P 2,800,000/. in securities ; but he also said that there le" Mr. KINGsCOTE said Mr. Gurney had &sewed him thO i good, realisable securities, inclu d ing a landed estate: ; , l , Sarrrl worth 500,000/., to the extent of 1,000,000/. A cab!' it share would raise another half million and lie would be quite practicable for the company to ge Meese.h n oble e r shipCr bottom n' t ne e Y o fr o: (Cheers.) tbi Mr. UsBORNE denounced the idea of resuscitatisff, old concern. He would rather go to sea in a new 7 14 . The restoration of Overend, Gurney, and Co. WO 5n ,,. possibility—(" No, no")—otherwise they would sot be in that room. (Uproar.) He protested ago+ st t ti ha ng t corn g col carg who would inthab no ish t i Fet it g ' The o re on unlesswerec theftilet their money. a A SHAREHOLDER said he presumed that all tree shareholders, and as they must pay for t e lush -- some form, he did not see why there should be • Dew "" . _ cern. Another SHAREHOLDER said he would rather Pill ° L l share to resuscitate the old company than to form lin one. (Loud cheers.) It should be ecall': that the same of Overend, Gurney and Ca. ", • century old. As soon as the a ffairs a the concern had been investigated, let the director , at vene a meeting ; and in the meantime let a committee ; formed to communicate with them with a new 11 resuscitation of the concern. (Great cheering.) be Mr. HoARR said although he was nut a shareholder , would, with permission of the meeting, move the Ole' ing :—" That this meeting be adjourned, and that ear 'Mane be appointed, with Mr. Kingscote for ita oilstone . to meet the directors and the liquidators, and after„ t+ before the meeting of the company, as they shall se call another meeting." (Cheers.) Mr. SHIIPPARI) intimated his concurrence in this aroes 6 ment, and his desire to withdraw his own in favour clf._i l .* „ Some conversation ensued with regard to the PL....ill'''. before the Court of Chancery for winding up, and I r . " — wish was expressed that it should be withdrawn. Mr. SitsPeaßD's original resolution having been witt drawn, Mr. Sear's amendment, which was soak Mr. W. Pare, was put and carried. folliatrowilrr:MsendedroPmformwas:—'lTlterwariat t i l s ii s s ub iu ni ee it t ted ini i b n e!,4 -1 journed, and a committee formed, with Mr. Kinge:a chairman, to communicate with the directors _....."' liquidators, and make a report as early 0 t 53 sible of their recommendation, and 11 . : .. 0 to such steps as they may be advised and deem relaa• or t , withdraw the petition from the Court of Chancel. get it to stand over with liberty to apply." (The This rez e l t u in ti g on was , on proe beir e i edin g ru g t, to was ar c i tt . r i ri n e t d o un e a l i l;e4 ll' when our report left.] s s, i Woe Lord s it thii Ina Oda..ise For error free error ree error ether &VI The bank idu, late ts Gladstoneh+N, banYd& nti . Link win now 21 was groat": poo who w in life, the order of dh Law rendered m now, at the dependent so he had of 80,0001. stone to kn his disehary power, he to the bani by such a r The Com take his or IX Si H. 2 The ban] Lae, bite t adiudiestic failure to 1 The r m 102, 591., This MY • day name A well 4 4 brought b 4 t Salaam wit : the Londo The cam I on Tuesda to ayolia the Bow'. .$ himself Richards, f for 501. • inspector was taken was locks said he sr himself u he had m lace - dud (Unary b committe Alderm *Mondani Mr. MI, adjuster I rid dui rat, fl not the Aldern the awl Mr. Ri examinec Aldern for the pi Mr. Ri • very •dvieed 1 rid he better. was in way in , nob a cl extraord Alders ortancee, ever ed , ple hop t' jeatett w The p The pri ing Mrs at No. 4 -- Mn. atandin and gaN down. up, and ~~str Ls s~d Wm. Liar Tnirone aoLgiv Woc Pdw ow the row him take him tire wh4 the Irrit tim gro