The Express. — London, England, 1866-11-19 00:00:00

V 1 1 ‘ 11 i 4 I . 1 I . 11 • 11 1 .1 .1 . . , . 1 0 , I . 141 OYAL INSURANCE COMPANY. MAY The ANNUAL MISTING was held ou FRIDAY, the lows* CHARLES TURNER, Req., M.P ., In the Chair. The following is an epitome of the Report: " PERE BRANCH. " The progress of the Company, as respeetsthe amount of busi ness effected, has been satisfactory. the returns of duty published by parliament, on the motion of the Chairman of this Company, earhibitlng by far the largest measure of imams which the Com pany las ewer axpriasseed. , The Soda/ net amount ad The premium for the year, attar Ahtineting gtesraaleas, 1 . 11 . fatrig I.t cli. . "Terming now to thaffeffranch.tt remidasto berupoeted that wiz=has been mused by unchecked success. This will be by one or two staMdcal expositions. " Taking the four previous quinquennial periods, It Is round ,that the Oral, from 18i6 to 11149 inclusive, commenced with a sum assured for— Year 11145 of PASSt9.. and ended the period with a total sum assured of 1112,796 The Second, 1860-54 De. 1850 MAO.. do. do. 732 , 408 The Third, 185566 Do. 1856 .. 206,614.. do. do. 1.666,678 The Yourth, 188064 Do. 18030 .. 449,242' do. do. 71,430,215 And now the first year of the fifth like period, viz., 1865, the Company has granted assurances for 2686,668, nearly twice the swing at the commencement of the last quinquennial period. " lf, therefore, the remit of the total are yearn, ending in the year 1309. were to have a corresponding increase with the pre vious periods of five years each, the amount of bnaineas that would be effected in the quinquennial period now running would be more than has ever been on record in ally insurance establish ment in this country. "The Directors have likewise to report that the Life funds have increased by the sum of 2103,146, the accumulated funds of this department now amounting to 2740,458. As an addition of at least 1:100,000 per annum to these accumulations during the next ten year: may now be fairly anthapated. it is within tea amiable expectation that during this period the Life funds will approach nearly to £2,060,0e0 sterling. The Directors propose to the Proprietors that a dividend be declared of 3s. per share, and a bonus of la per share, together Ts. per share, free of Income-tar. • It is a matter of satisfaction to state that after withdrawing the amount of this dividend and bonus from the profit and Cosa account, a credit balance will still remain to that account of no lea than 262,070 9e. in addition to the reserve fund, which, by the augmentation of the year, now reaches the sum of 2116,913 b. 19d." Tbls rt was unanimously adopted. )tanager and ans.... YkitCY M. 'KWH, JOHN JOHNSTON , Secretary in Londo n. BENSON'S WATCHES. 68 and 60. Ludgate-MI: 25, Oid Bond-street. JOHN BROGDEN. ORIGINAL GOLD CHAIN MANUFACTORY, 16, HENRIETTA-STREET, a/VENT-GARDEN. JOHN BROGDEN'S 18-carat GOLD CHAINS. JOHN BROGDEN'S GOLD GUARD CHAINS. JOHN BROGDEN'S GOLD ALBERT CHAINS. JOHN BROG DEN'S GOLD BROOCH CHAINS. B ROWN and TOLSON'S CORN FLOUR for CUILDRKN'S DIET. To obtain extra pront by the sale other kinds are sometimes offered instead of BROWN and COLSON'S. "John Crown," "John Colson," is slimed b) the makers on sack packet. LIFE BOAT SERVICES. —During the STORMS of the part t weffty.two months the N ATE IN A f. LIFEBOAT INSVITUA 141 N, hy ita Lifeboats and other meow, contributed to the SAVING of 1,475 ifk:H.SONS from differebt IVEKCKS on our COASTS. The institution alit expended 11E3,000 in the same period on its Lifelo,n Establiahmenta, in addition to ',Taming if 3,1,20 for 111-:dr.t Idea. The Committee of the Institution ear nestly Al'l'F.Ai, to the I'o6e for AsSISTANCE, to enable thorn to meet the co. , ti I , ted heavy demands on the 172 Lifeboat 6tationd at the institution. Cm.tribtati,as me received by the London and Country Bankers; and by the S.,:ronary, RICUARU LEWIS, Evit., at the lustitutiou, 14, John-street, Adelphi, Loudon. Ellie Orort.oo. TO CORRESPONDENTS. Adve.tfeementx intended for "The Expresa," Loudon Evening Paper, must be at ti, Office, 10, Bouverie-strmt, by Two o'clock on the day of pubilcaUon. DRURY_ LANE. This Ev EsING, AS ilit.llll6:l'F. Mr. W. Mont",:mirry lllas llcicu FAIR it. And IC Al lIERINE AND 14211:CCILLO. Mr. I'. SwfulA.u:Le and Miss liuuel Adana. MA V M AltK in'. True f:VENINO, Trnwe, and Mr. Clark: NliA C. DANGEInICS FRIEND. Mt,sri. C. :Mitt:Jews, Ito'. I,.'n 1%1, ; Nesdant , ,s I. clupprn. dale, Mtnirv, Ac. -I. .f.!.? :!I'.—And A Alai IN 1111.; PRINCES.b'S. 7 ----- Tun ItYrxr: , . 11.110.18 Y ItGDUE. Messrs. S.liaem, F. 'liners, ,1,11, Thorc , i 1 c. ; .lulu MUM% Auguata Thomann an.l Roger., Mn. 11. Tilting, and Mrs. C. llorsuuuL—T. Lon,lutle uith t„iL IET LODGINGS. LICEI T IL Tuts Et - tist, -, . Ititi"TUSANIitAR. Miss Itenrnde.—And THE LONG IT:is !.. Wawa. I:,ery, ttiddaaaalr, yowler, fitz• .patrick. Storda )It , i Hama.lc with rA IL C. iIT. —Cuaihienco at 7. STRAND. Tnn EVENIS6. N UGHll4'lli — Hon!, and Nlurrity Ak•••1.:: J.lll:l. , tmte, und Ilughus. —DER 4; OK, A uoull CAbl: ' , ult. A —And I 1001.; •, I: ',WAN. 1101.1 )lt ]. Tins Evr ; 3! IA al: I LOVE LETTIMS. Mr. Rel more nod \ • •-• ohelers FLX lessrs. Needle, Voltaic:, c.; c,dAtlies I. Josephs, C. Niel:Jet., I 3 le; Foote, Yeldes, Lennox, Ita)woud, BRITA NN lA. 'hats EVE9IN4. BELLS HAT RAND. Mr. J. Rey nold& —THE ;.* IS IT "Dancing )last" Bryan ; Mus K. thinq •. ; Ge.ry Perky.—Concluding with TUE JLD I Niro. Litue. T NV.I FER. AT LONDON BRIDGE. TIM DAY r.hp4, 1 Ih. sm A f b•y000k. Ith. 'Mot TO•MOBWM—Mutning, uh. um Atternoou, Oh. &w. LONDt .11').VDA Y, NOVEMBER 19. IT seems to he the present fashion to throw the whole blame for any disturbance in the money market op the ;oint-stock banks. The ansertion is constantly put forward that every crisis proceeds from over-trading, and that over-trading is the direct con: c. -0 of the action of these specu lative instituthals. Perhaps some day we shall get a little farther, and learn that a joint-stock bank is an establishment constituted for the ex press purpose of wasting the money of its share holders and depositors among a whole mass of in solvent traders. It is evident that the old pre judice against the introduction of the new system in bunking has by no means died out. Again, it is exceedingly convenient to have a certain class of the community ready at hand to hear all the obloquy ;or the losses caused by convulsions like that which has recently occurred. Just now joint stock enterprise is at a discount, and what, therefore, can be more natural than to attack the joint-stock bankß ? One thing may be said, that at all event., process can do no harm, whatever': might have been the case some months ago. But that is not a f.tir way of looking upon the ques tion. Criticism is One thing, wholesale denuncia tion another. There is nothing so easy as to pass a vague niul conlemnatory opinion which points to nobody, and consequently is of no profitable purpose in the world. We have had many ex amples of this sort in late years, and to admit that they are now never cared for is no excuse for the If we attempted to dispute that in some impor tant principles the management of joint-stock banks is faulty, it would amount to a denial of what has frequently appeared in these columns. The prac tice of :Chia ing interest on deposits, except at lengthened 1..0d fixed periods, is radically bad ; the plan of lending out large portions of the cash reserves ' at call still more so. These are two important defects which ought to be, but we fear will not be, corrected. Even in the latter respect the sharp lesson taught last Mny is already beginning to bo forgotten. As regards the other there seem to be great diffi culties in ee`f..eting an alteration. The managers of the joint-stud,: banks look upon the system of allowing interest on deposits as a peculiar feature in their busine.:s (as it certainly is), a novelty which constituted a marked distinction from the old-fashioncd practice of the private bankers. There is a greet deal to be said in favour of this innovation. It has certainly served to utilise an enormous amount of capital which otherwise would THE EXPRESS, MONDAY EVENING, NOVEMBER 19, 186 d. have been lying waste. In former times few the rich kept a banker's account , saw everybidl does. Save in those period; of umeeP. tional difficulty when ciiitrtisi :taps SUPIMMOIV‘ hardly any one, from ' a small tradesman upwards, keeps more than a few pounds in his house. Private hoarding is for the most part a thing of the past. It cannot be denied that the system of allowing interest on deposits has mainly effected this improvement. The induce ment offered by even a. low rate led the great body of the small public to leave their money in a bank instead of locking it up idly at home. By this means the supply of capital has been more abundant, the means of production increased, and with it the wealth of the nation. Like all good things, however, the system is liable to abuse. It has been developed to a point that places a bank during the prevalence of monetary pressure in a very difficult, not to say serious, position. At these periods the demands for the repayment of deposits held at call or short notice pour rapidly in, and there is hardly any time for prepara tion at a juncture when time is most urgently needed. A month's respite would probably set all straight, but how can a banker ask for a month when he has promised to pay in a week I The mere request for such an indul- - . gene would be tantamount to a declaration of in- solvency. - - As regards the other point of a bank lending out ita reserves to other establishments and conai- dering these loans as equivalent to cash, there is absolutely nothing to be said in its favour. It is ounvrary to all sound principle, begets a false con fiderce in the total resources available, and, what is of more consequence, perhaps, is in the 'ong run unprofitable. Let the banking depositors with Overend, Gurney, and Co. consider this question. The former deposited money with the discount company, which was used, of course, for discounting commercial bills. Sup pose the bankers had used these funds in discounting bills on their own account. They would have cleared at least 1 per cent. more profit, and would not have been kept out of their money for six months. The contingent poasibi'ity that they may get less eventually than 20a. in the pound is also grave enough, but does not im mediately bear on the argument. But we are told the crisis arose from the joint stock banks keeping insufficient reserves, and thus being obliged to draw down their balances in the Bank of England. This appears a strange argu ment. The balance of a banker, whether joirt stock or private, at the Bank of England is essen tially a portion of his reserve, ready to be with drawn at the shortest notice. The directors of the national establishment know this perfectly well, and hence it has always been their practice to keep a far larger proportion of cash compared to their liabilities than other banks. In pursuing this course they only act in accordance with sound sense and policy. They are aware that many millions of their " private deposits " do not represent sums which can be used in the same way as the balances of ordinary traders, but are merely temporary deposits for safe custody. If the Bank, from the pressure of the times, was compelled to make such enormous loans that the withdrawals of the bankers' balances might re duce their reserve to an uncommonly low ebb, or perhaps extinguish it altogetlntr, surely that is not the fault of the joint-stock, nor, it may be added, of the private banks. In times when credit is thoroughly disorganized, and hardly a hank in the kingdom escapes a run, every avail able resource must be realized with the utmost speed. Of course, if against every liability an equal amount of cash were held, no inconvenience could occur, hut, in that case, banking would be attended with no profit to individuals ; or advan tage to the nation. Its value in ecouomising the use of capital would be entirely gone. In all these questions our safest guides are facts, not inferences, however plausibly these last may be drawn. Every ono is agreed as to the causes of the crisis—the failure of some gigantic companies and subsequent revelations of their mismanage ment. In what way did the joint-stock banks contribute to this collapse? They certainly did not assist in forming the Joint Stock Discount Company, the Contract Corporation, or half-a dozen ether equally unlucky schemes. As regards the greatest of all, Overend, Gurney, and Co., the private bankers in the country were equally the chief supporters of the project, and are now the chief sufferers from its break down. It is true that the joint-stock banks had large deposits with this unfortunate concern, but this was no new plan ; it was simply a continuation of a practice that had been maintained for many years during the existence of the private firm. The failure of this and other companies is attributable to their having locked up large portions of their funds in bad or unrealisable debts. If the banks had been equally mismanaged, the same result would have happened with them. The facts, however, prove the distinct contrary. They passed through the crisis with few or no bad debts, and were able to pay unusually high dividends. These are hardly the consequences that overtrading, and want of caution must infal libly have brought in a year like the present. It certainly seems hardly fair that blame should be so persistently cast upon the joint-stock banks, since, if any be deserved, the private establish ments should be equally censured. We premise that we deny at the outset that any just cause for such blame exists. Both classes of institutions have followed the same course of action, and both have been equally justified in doing so. Any one who has carefully watched the course of events during the present year cannot fail to perceive that the joint-stock banks have not caused the crisis. The public generally have been chiefly to blame. They chose without inquiry to leave their capital to the management of persons who have shamefully abused their trust. The exposure at last took place, and confidence was for a time destroyed. There the question begins and ends. The attempt to make the joint-stock banks respon sible for these errors of the public is wrong in fact and unjust in principle. MR. LOWE AND His CoNavrinENTs.—lt having been stated " that the Town-council of Caine resolved by an overwhelming majority to abandon their usual annual banquet rather than ask Mr. Lowe, the member for the borough, as is customary, to be their guest, and that some councillors thought it unsafe, on Mr. Lowe's account, that he should come to Caine," the Mayor of Caine writes to say that, "although it is quite true some of the town councillors and many of the electors are sorely offended with Mr. Lowe on account of some of his allusions to the working classes (misconstruing his real meaning, I believe), yet that was not the reason why the annual banquet on the 9th of November was abandoned this year ; neither are the inhabitants of this borough so intolerant and tyranniNal in their views and feelings as to make it `unsafe' for Mr. Lowe to visit them when he desires to do so. The Town-hall is at his service whenever be wishes to seek en interview with his constituents, and I believe he would be as fairly heard hero as in any other town in England." . _ Meteoric iron, unlike any found in our globe, is highly malleable, contains nickel, sail takes a fine polish. 601 CONTFAEORLRIEB. cons DAT.) • • THR LONDON, OTIANNIAN, AND DOVIIIIII3Ik.WAY. Treating of the scheme of the inlet directors of the above company to obtain each powers from parliament as shall enable them to create another 1,500,0001. of pre ference stook, the Times condemns the opporition of the debenture holders as neither wise nor generous. There is a chance for the company if it were once fairly P started, but if the debenture holders press their claims at the pretreat moment, it will be plunged into litigation, the line will not be completed, the ctfital and plant will be consumed in endless legal expenses, and the debenture-holders, in all probability, after losing their interest for years, will be fortunate if they recover their principal at all. So long es there is life in the cora -1 pany there is hope ; but if it were ones dead the London, Chatham, and Dover would form a great carcass, and many would be the eagles which would be gathered to the feast. In a word, the interests of the de benture-holders are the same as those of the company, and they will act very unwisely if they :dupe to try the only means by which there is a fair chance of their investment again becoming valuable. Besides if the making this new nook a preferential charge would deprive them of some benefit, the directors offer in compensation a sort of collateral security, inasmuch as they recommend that if, after five years' trial, the revenues of the line are not sufficient to pay the charge of this preference stock, of the existing preference capital, and of the debentures, the company should then consent to the last humiliation of bankrupts. The railway and the plant should be put up to sale, and tho proceeds should be paid into the Court of Chancery, to be applied in the first instance in 'payment of the claims of deben tures, the shareholders to receive nothing but the surplus which remains after settling these claims. It is the special privilege of parliament to look to the interest and not merely to tbo bare justice of the case ; but the legislature will certainly have to see if some means cannot be devised of preventing such flagrant breaches of legal stipulations as have characterised the past history of this unfortunate undertaking. rote Court. WINDSOR CASTLE. WM 17. The Qesise, with the Princess of Wales, dur out yesterday afternoon. Her Majesty, accompanied by Princes Louise, &Ud -. attended by Lady Susan Melville, drove out this morning. The Princess of Wales end Princess Christian also went out driving. Princess Beatrice walked in the grounds. and Prince Leopold went out walking, attended by Mr. The Duke of Edinburgh and Prince Christian went out shooting, attended by Lieutemant.General C. Grey and Lieutenant Haig. Princes Louise, attended by Lady Caroline Barrington , Lord Alfred Paget, and Colonel H. end the Hon. Mrs. Ponsonby, went to London last evening, and honoured the performance at the Lyceum Theatre with her presence, and afterwards returned to Windsor Castle. Sir James Clark arrived at the Castle, and Mr. G. D. Migleheart left. Nov. 18. The Queen, with Princess Christian, drove out yester day afternoon. Princess Beatrice drove out also. Princess Louise and Princess Christian went out riding, attended by the Hon. Mary Lascelles and Major-General F. Seymour, C.B. Prince Arthur, attended by Major Elphinetene, arrived at the Castle yesterday from Greenwich-park. The Hon. Mrs. Bruce, Viscount Cranborne, the Right Hon. Lieutenant-General Peel, and Lieutenant-General H. Sandham, R.E., have also arrived. The Hon. Mrs. Stonor, Viscount Cranborne, and Lieu tenant-General Peel had the honour of dining with the Queen and the Royal Family. The Queen, the Princess of Wales, the Duke of Edin burgh, the Prince and Princess Christian, Princess Louise, Prince Arthur, Prince Leopold, and Princess Beatrice, and the Ladies and Gentlemen in Waiting, attended divine service this morning in the private chapel The Rev. J. R. Woodford preached the sermon. The hymns and psalms sung were taken from the Oxford Edition of the Rev. W. Mercer's Hymn and Psalter Book, which has! been adopted in the royal chapel by her Majesty's command. A deputation, introduced by Mr. Roebuck, M.P., and Mr. Hadfield, M.P., and consisting of Mr. W. Dronfield (secretary of the organized trades, Sheffield), Mr. G. Austin (rice -president of the organizedtrades, Sheffield), Mr. G. 0. Age? (secretary of the London Trades Council), Mr. R. Applegarth (secretary of the Amalgamated Society of Car penters and Joiners), Mr. W. Powell (assistant secretary of the Amalgamated Society of Engineers), Mr. M. Lawrence (secretary of the London operative tailors), Mr. H. Mackey (a member of the London Operative Tailors' Committee), Mr. E. Coulson (general secretary of the operative brick layers), and Mr. J. Cope (West End boot closers), had an interview with the Right Hon. Spencer Walpole at the Home office on Saturday, to support the application for an inquiry into the Sheffield outrage. A deputation from the Jamaica Commercial Agency Company, introduced by Lord Alfred Churchill and Mr. Thomas Hughes, M.P., and consisting of Mr. M. Ludlow, Dr. Underhill, Rev. Sella Martin, Mr. J. H. Estcourt, and Mr. Joseph Woodin, had an interview with the Earl of Carnarvon, at the Colonial-office, on Friday. The Judicial Committee of the Privy Council sat on Saturday at Whitehall. The lords present were—Lord Westbury, Sir E. V. Williams, Sir J. Colvile, and Sir Lau rence Peel. . . Despatches were received on Saturday at the Colonial office from the Governors of the Australian Colonies, Hong Kong, Ceylon, the Mauritius, and the North American Provinces. Despatches were sent to the Governors of Ca nada and the Bahamas. MRS. GLADSTONE'S ORPHANAGE. LATBST INTELLIGENCE. (isom's limos Am.) RUSSIA. ST. PETERSBURG, Nov. 17. His Royal Highness the Prince of Wales and the Crown Prince of Denmark will return here to-day from Moscow. An imperial ukase hsa been issued to-day esta blishing upon a new basis the political and adminir trativo powers of the governors and imperial princes, partly extending and partly limiting them. AMERICA. ARRIVAL OF THE HECLA. QIJENNSTOWN, Nov. 19. The Cunard extra steamer, Hells, from New York, arrived here at 8.30, and with 150,500 dollars in specie and 113 passengers. She landed 44 passengers and the despatches and proceeded immediately for LiverpooL All well. •F. Extreme. r' ea . B. T. W. Ilto W. H. 11 to I 112 F.l D. Nairn l2•-6.9 2 : .2 S.W. 3 8 N.W. soc 0.05 2 A lwrdeen -26.N933' N. W. 28N.N. W. 40 '0.0413 !rite :29.94 N.W. 3 4 N.N.W. rh !CEO! 2 Ardroaman 39. 1 , 1 : N. 4 3 N. 0 ',0.07 3 Oreeticadle 30.12 391 N. 6 6 W.B. W. so 0.67; 2 A 0.21 47, E.N.E. I 1 3 N.W. cb 0.23' 2 Cape 73007 45 N.E. 1 2 2 4 N.W. mb —l2 Liverpool 129.92 40 N.N.W. 13 0 N.N.W. oc 0.54. 3 30.01 N.N.W. 8 0 W.N W. cu 0.25: 7 Penzance._ , 30.12 47 1 N.N.W. 4 7 B.W. ro 0.23' 3 Brest 30.04 48 N. 4 7 W.S.W. frc ; 0.12 6 Lorient .'3o 00 52; N. 3j 5 W.s.W. or 0.08 5 Ftnebc fort 60r0muth Weymouth Portsmouth 29.00 42 1 N. 6 9 I W. To 0.14 5 26.91 35 N.W. 3 8 f W.S.W. rb 0.37 - Yarmouth 29.77 37: N.N.W. 7 8 W.B. W. Ti, 0.62 4 Scarborough. 29.;833 N.W. 8 I N.W. cb 0.33 4 Stuchls 29.8435, N.W. 4 3 I N.W. c —l3 Helder - - TO TliE EDITOR OF TILE EXPRESS. SIR,—Tho following gentlemen have, at Mrs. Gladstone's request, consented during her absence to act as a committee to carry out the work she has so well ini tiated. Their names will, I am sure, he a sufficient gua rantee to those who have supported Mrs. Gladstone's pro posals that the money will be well and wisely spent.-1 am, &c., FREDERICK HELBERT, Hon. Sec. 11, Carlton-house•terrace, Nov. 17. commirrEg.—Lord William Hay, 31. P., vice-president ; Robert Brett, Esq. ; Lord Frederick Cavendish, M.P. ; Dr. Andrew Clark ; Stephen E. Gladstone, Esq. ; Sir Stephen Glynn°, Bart. ; Andrew Johnston, Esq. ; Lord Lyttelton ; Hon. C. Byttelton ; Lieutenant-Colonel Neville ; Sir Robert Phillimorc ; Edward Talbot, Esq. ; Right lion. J. S. Wortley. Her Royal Highness the Princess of Wales will leave Windsor Castle on Wednesday or Thursday next, on her return to Sandringham. The Prince of Wales is ex. pected to return from Russia on or shout the 2Sth inst. The Earl and Countess of Hardwicke intend to receive a large party of friends next week at Wimp°le Hall, Cambridgeshire. The company will assemble on the 27th inst. The Earl of March will attain his majority on the 27th of next month, and preparations are already being made to celebrate the event with great rejoicing on the family estates. _ The following noblemen and gentlemen are now in residence at Oxford University, viz.:—The Marquis of Lansdowne, the Earl of Jersey, the Marquis of Bute, Lord Emlyn, Lord Donoughmore, the Earl of Ilcheater, Lord Warkworth, Lord Dalmeny, Lord I'etersham, Lord Fran cis Hervey, Lord Willoughby do Broke, the Hon. A. F. liertie, the Hon. A. F. A. Hanbury Tracy, the Hon. M. l'onsonby, and Sir C. F. Bonham, Bart. It is understood that Mr. Miller, the conserva tive member for Colchester, is about to resign his scat, and in that event Serjeant Ballautine will probably be a candidate. Messrs. Bosanquet an , l Co. have undertaken to receive subscriptions for the relief of those who have suf fered by the hurricane in the Bahamas. The Bishop of Nassau has sent to Englan I one of his clergy, the Rev. It. Saunders, in the Lope that some assistance may be pro cured towards the re-erection of the churches and schools. The Society for the Propagation of the Gospel will gladly receive and transmit contributions either for that object, or for the temporal relief of the numerous sufferers. Parcels of suitable light clothing will also be acceptable. Mr. Ganly, " the Robins of Ireland," is about to sell by auction the farm stozir of the late Lord Plunket. The Fr.-rnian's Journal, under the head of " The Outnt of a liiisionary Bishop," publishes what it sarcastically calls " A characteristic inventory of what in evangelical circles will, no doubt, be looked upon as the complete episcopal outfit of the late arch-hierarch of the church militant in Connaught: —ltem first-817 head of cattle. Item second -29 short-horned Kerry cows. Item third-5 Durham and Kerry hulls. Item fourth-77 ditto bullocks. Item fifth -244 ewes. Item sixth-159 hoggets. Item seventh-242 lambs. Item eighth-81 two and three-year-old welders. Item ninth-242 lambs. Item tenth—S2 welders. Item eleventh-17 rams. Then conies a long list of ' carriage horses," weight carrying' cobs, ten family and farm horses, sows and littors, fat pigs and boars, carts to the number of 11, ploughs six, and harrows four ; single and I double broughams, phaetons, jaunting cars, chariots, and saddles ; grubbers and hydropults, scales and ladders." Mr. Calvert, of the Prince's Theatre, Man chester,prothices Antony ar•l Cleopatra with such liberality as to evoke a letter from Mr. Tom Taylor to one of the local papers, in which he says :—" I but rseord my un exaggerated conviction when I say that in judgment, liberality, and good taste—apart from the signal merit of the performance of the principal parts—this revival seems to me quite deserving of rank with the best of those of 3lacready or Charles Kean." Mr. Mechi has been speaking at a meeting of the Braintree Labourers' Friend Society. He upheld Mr. Bright's statement about the ownership of the land of this country, and talked about the benefit to Essex from the construction of the great tunnel now making to oonvey the sewage of London to the 3laplin Bands. The steam cultivation inquiry terminates on Wednesday next in Scotland. THE PARIS EXHIBITION, 1867.—We are requested to correct a current misapprehension that this exhibition will open on the list of May next, and to state that the Ist of April is the day appointed, which arrangement will idoubtlem be adhered to. A complete rehearsal of the opening of the exhibition is to take place on the Slit of Mareh, 1867. FOREIGN AFFAIRS. Reviewing the brief though chequered career of Dom Miguel. the Times observes that happily for the Portuguese the Coburg. have proved a better race than the Bourbons, and the contrast between Portugal and Spain has been so striking es to set the hearts of some of the Spanish patriots against their reigning dynasty, and recall the dream of a united Melia, intended to bring both king doms under the scaptre of the Portuguese monarch. Im practicable as the scheme may be, and certain to founder against the deep-rooted jealousy and antipathy of those two kindred but long-severed races, it may not the less be taken as a symptom of tbe wisdom which has for several years presided over the councile of the smaller kingdom, no less than of the good character enjoyed by its young sovereign, and by tho Italian princess who has for the last four years shared his throne. Dwelling on the mistake which Mr. Johnson and Mr. Seward committed in believing that the reaction in opinion and feeling which they themselves experienced after the close of the war was universal, the Deify News quotes the late elections as decisive testimony to the permanence of the change which the last seven years have made. The Demo cratic party is permanently discredited and overthrown. The political carelessness of the prosperous North is at an end. The time of political subserviency has been succeeded by a new era of political independence, activity, and life. The " higher law," at which the Southern politicians and their Northern allies so continually scoffed, has won popu- Fir recognition, and the domestic politics of the Union are to be brought into harmony with it. The national con science has been awakened and will not soon be sent to sleep again. Mr. Johnson's at titude towards Congress when it meets will make no permanent difference to any but himself ; at'nostit will only decide whether the new era of recon struction shall have a calm beginning, or whether its first hours shall be obscured by storms. _ . According to the Herald, every Prussian politician be- I lieves that sooner or later there must come a war with France, and our contemporary asks if it is prudent under the circumstances to so handle Denmark as to make her, and, perhaps, other powers who sympathise with her, and who see in her treatment by Prussia a menace to them selves, eager to throw themselves ou the aide of the ene mies of Prussia? The Star says that the American government do not pro pose the acquisition of any part of the territory of the Mexican republic; their resolution is to recognise only the constitutional government ',resle,' over by Juarez, and General Sherman, who has lately gone on a mission with Mr. Campbell to Vera Cruz, is authorised to so dis pose of the forces of the l - isted States by laud and sea as to enable them to contribute to the re-establishment of order, especially on the frontiers, but without interfering in the internal affairs of the republic. If these American envoys find the greater part of the French army ready for embarkation, they will immediately proceed to the city of Mexico, where they hope to meet Juarez, for it is generally believed that the Emperor Maxi milian will embark with the French army. If, however, it should be otherwise, they will go to Matamoros, and thence to Chihuahua or to any other place where the constitu tional government may be. General Sherman, however, will not go far into the interior of the republic. 3IIRCELLANEoI'S TOPICS. Assuming that objections will be urged against the new order of the Privy Council which provides that all cattle henceforth not intended for immediate slaughter must be landed at certain ports and undergo a quarantine not in any case to exceed one lunar month ; that it will be said it emanates from a tory government, and contravenes the principles of free trade; and that the consumer of the meat will pay the expense, the Times thinks, nevertheless, that the measure may be justified by the principles of far-sighted and enlightened policy. The question is simply whether the country is prepared to submit to a periodical re introduction of the rinderpest, and other contagious cattle diseases, or whether it will take the only precaution which can effec tually obviate the return of the plague. The Times not only concludes that it is quite right this power of putting store cattle in quarantine should exist, but hopes also to see some regulation which shall prevent foreign cattle in tended for slaughter from being carried through the country and infecting railway trucks and statical, and spreading contagion in our cattle-markets. The Daily News thinks the House of Commons will be apt to ask, when it is invited to make a special vote for the restoration of the railings of Hyde-park, why Lord John Manners continues the absurd renaissance landscape gardening of his predecessors. Of late years every thing has been done that the most perfect bad taste could do to concert the noble expanse of English scenery into a bad likeness of a foreign jardin. All this in Mr. Cowper's time we had grown to expect, as the outgrowth of an idiosyncracy on which, for the Premier's sake, no one wished to be severe. But why does Lord John Manners walk in these un-English ways! Another park institution, still extant, is the betting stand beneath the trees in the centre of Hyde-park. All chime+ of society, from the middle downwards, are there repre sented, and every facility is afforded for losing any amount of money. There are stands in which the state of betting in all forthcoming events is duly set down, and the owners are competitively eager to accommodate the speculative with any odds, on any combination. The process of reasoning by which the authorities permit, and the police protect, a betting crowd, is in somewhat striking contrast with the declaration that a political crowd is derogatory to the sanctity of the same spot. Though not regretting the Attorney-General's decision, that Mr. Coleridge must refuse the retainer which he had accepted from the Jamaica committee, the Tikgraphobjects in the public interest to the Attorney-General giving this decision without telling us the reason why. The disastrous floods in the north form the subject of leading articles in some of our contemporaries. CABINET COUNClL.—Summonses were issued on Saturday evening for a Cabinet Council to-morrow, r.t the First Lord of the Treasury's official residence, in Downing street. The council is appointed for half-pest 3 o'clock. THE LATE LORD DUDLEY STUART.—OILSuturdar, the 17th inst., being the twelfth anniversary of the (frith of Lord Dudley Stuart, a meeting of the Polish Historical Society was held at Sussex-chambers, Duke-street, St. James's, in commemoration of the sad event, on which occasion Major. Szulcrewski, who occupied the chair, and several other gentlemen, paid a tribute to the self-sacrifice and. ilevosfen of the departed nobleman to the gauss of rubuid. EXPRESS FROM PARIS. (runt OUR owl coanspoirDionr.) PARIS. SUNDAY EVIIIING. The Moniteur announced the other day that Count de Bismarck was about to return to Berlin and resume the " direction of affairs." It has since been stated that many international matters of the highest importance await his personal superinten" dente. It now appears that the state of his health will prevent him from attending to business, at any rate till the end of this month, and perhaps longer. His malady is of a highly nervous character. Although years and hard work are visible in his countenance, he is physically almost as strong as ever. He is able to take plenty of exercise, and riding and walking are prescribed by his physicians. But mental work deprive* him of sleep, brings on nervous fever, and in the opinion of his medical advisers might bring on a congestion or even a softening of the brain. If this account be true, it must be hoping against hope to expect that the great Prussian minister will be better able to attend to business a few weeks or a few months hence than he is now. The Court of Caseation has just solemnly decided an appeal from the Imperial Court of Besancon, that a man who went out with a gun in his hand wolf hunting, and who, seeing a stir in a thicket, tired and killed a deer, was not subject to punish ment for sporting without a license. The public prosecutor contended that in cases of contravention, which, unlike crimes and misdemeanours, imply nothing ma/urn in se, the question of intention could not be gone into, and that when the act pro hibited was proved to have been committed a condemnation followed of course. The court, however, said that, although good faith was not an excuse for a contravention, it could not be com mitted without a voluntary act, which it held to be absent in the case of shooting at a wolf and killing a deer. The great smoking on railways question, which just now excites great interest in England, was tiff subject of an adjudication in a Paris court of law this last week. A housemaid, Mdlle. Sydouie, while travelling from Ermont to Paris in a third class carriage, remonstrated with a fellow passenger named Rousseau for smoking a pipe. His only answer was a whiff of tobacco iu her face. Thereupoi she knocked the pipe out of his mouth and bra( it ; he responded by a box on the oar. It word( have gone hard with Rousseau had Mdlle. Sydoni prosecuted him for assault and battery ; but eh( magnanimously condoned that outrage in consider ation of the provocation she had given by breakim his pipe, and contented herself with laying an in formation against him for the simple fact of smol ing in a railway carriage. He pleaded that he weal into a third c!ass carriage on purpose to smoke his ease, and argued that anybody who objectedtk smoking ought to travel first-class. But the court told him he was wrong in his law, and that thin' class passengers were as much protected from tin annoyance of smoking as first-class passengers. The act applicable to the case is dated so far bacl as 1846 ; but subsequently passengers have beef invested with a dispensing power, and may, whr the directors of the railway do not object, alio. smoking if they please. A single objection, hol ever, renders the old act operative, and M. Rouasea3 was tined Mfr. It is reported that M. Glais Dizoin, the opposi tion deputy, has just inherited a fortune 400,000 fr. M. Lecca, the officer of Zouavcs, who killed M. Seguin in a duel, is to be tried by court-martial. WEATHER REPORT.-(THIS DAY.) MONDAY, NOVEMBER 18, 8 LE. REM ARKS. Fresh northwest winds have succeeded the vtormy weather which has prevailed at Intervals during the lost few days allover the British islet 0:i the northern coasts mom snow has and the temperature Ls low. Barometers are now rising. hut the alternation of pressure and temperature have been sodden and e.monderable. lurtber unsettled weather may therefore be expected shortly. It is related of the late Dom Miguel that, after his resignation of the crown, he went to Rome, where he exhibited feats of strength and endurance in the Cam papa, and often performed, to the amazement of a circle of friends in his box at the Opera, the trick of bending a copper baioeco between his thumb and finger. In 1!451, just as his age bordered on 50, he contracted marriage with a young lady of 20, the Princess Adelaide of Lowen stein-Wertheim-llochefort and Rosenberg, and became the father of six daughters, and one son. This once renowned prince, whom the world seems to have so utterly forgotten, continued, however, to rouse something like a grim inte rest among the simple population of that Main region by the care be took to have his children born and chris , tend on " Portuguese ground," strewing the floor under the nuptial bed and cradle which first received them, and the pavement under the font at the chapel, with earth conveyed from Portugal, the same handful of mould being regularly produced and carefully treasured up on each suc cessive occasion. THE LAST VESTIOE OP TIEMRH POSTER TO RE EPT FROM THE EARTH.—ISMANAPOLIFL SIONDAT, Nov. s.—At the Fenian mass meeting lust night, resolutions were adopted declaring that the Fenians of America de fiantly assert the conviction of Col. Lynch and Rev. Mr. Dl'llaben will be made the bugle-note which will lead our army of Irishmen; that will drive the last vestige of British power from the American continent ; and if further convictions and sentence of Fccians now held by Canadian authorities be continued, we pledge our lives, liberties, and sacred honour to avenge them, not alone upon the valiant Queen's Own, nut to die or see the last vestige of tyrannous English power swept hole the earth.—New York I Tints, Nov. 6. LAW Mr. Alderman Gibbons, Mr. Alderman and low, Mr. Sheriff Lycett, Mr. tinder-Sheriff jr;111, Under-Sheriff de Jersey, &c. The first edition of the calendar contains the nalreri: prisoners, 10 of whom are out on hadl rlf ton W i tt, are committed from the city of Louden, 41) a ...- Middlesex, 1 from the Admiralty I °I; Kent, and 7 from the county of buleet,_,j, offences are thus classified :--31ituder, 2 : wounding with intent to murder, 1 ; glary, 6 ; uttering counterfeit coin, 11 forer l 7- ' 5 : kaa4 lli ; titealing a post letter, 1 ; felunioudy oeudisg demanding money, 1 ; perjury. 4 : • rp • - • - '' feloniously receiving stolen goods, 2; and colherrierreti The Recorder, in his charg.: to the grand jury, riaL, one case of murder would collie before them in ww., l / 4 : man named William Scutt waa c harged with the murder of a woman with whom he cohabited. sea t111„,1 deuce was of a most melancholy character. 1re . ,0 that the parties were almost constantly drunk, r‘ while in that condition the pri,oncr WAS in tee Pr o heating and ill-using the unfortunate decease , 0 , alleged that from violence of this description thst.7:i flitted two or three days before kihO die'. the dfio the unfortunate woman was occasioned. It app.07,...k the prisoner hail been bead to utter threats WTI" the deceased, and bail been hoard to pay that lived too long, and that he would see the end of he '"5 long; and it appeared to 1;i that, 's:pun 1111.601,1:4 would be their duty to return a true bill agolteo7 r 4 - soner. There were several c b a rge; of rianalrellite, of which only he thought it neceseetry to , call the of the grand. jury. It was a charge aeb;ing from th of a person while engaged in a sparrirg match. 1 1 70 appear that this had been an ordinary boli'?; but hail been a contest with boxing gloves. been laid down by the authorities that whe the er,,l. unlawful in themselves rind death etrued,p•:: -- 0 er gaged in the set would be nmenable t o the In' the , ""- slaughter. But another authority •.'reh at" s and athletic sports which were entered into O let ! private recreation should not be deemed uslsinwr,,,,,o. the parties engaged in the contest were hired for,r,,, pose, end where the exhibition was made Tr o p Now the facts of the case appeared °I tt: one of the es charged was the keep parti er b a sd house, had hired the men for the Rpm' in m att ' O Ol ' admitted persons to witness the exhibon o° P l .jk money. This was therefore i ll e g al W , and i s lee I ensued the grand jury would ell CO LI IT W RT 0 11417 7: 13 7:E A N YG BMX 1 . . 111141""Whallablid enoesd aell b.enfinicice otnirt atr. an manisti d took , t (1 elle ffiaam a ma t t tad 7 4 tte. : l4 the oaths Sittings In Banco.-(Before the Lord Chief I.e._ ,„, Justices Mellor and Shea) - --"" V bl etroo d n' This morning Rai Derby and Lord thaesse, kerb, ' • the death by their accepting office under the crown. td. L W **, .11 would Prime Minister and the latter as See se i wy - •'otret el Ma : m re t :::::;iii;s: l i r o D TZZlll -7. ! 1 i; .1 .2 "121W : and on a person named Ito', the garnishe e , s e fee freers prof why the plaintiff should not have execution fee VI with i• a heel been at lobed. Theplainti ff had obt a i ne d l- 'ellt PIP ° A considerable rum of money, and had * l lil - .174 • order against Ivy, who was the teased, at. t._ tilted to and the attachment was for the rent. Th e -- .1_1" 0 1, and ' Jones and Lee, were the mortgagees o f t h e .....„‘°llleatt flag ..o , respect of which the rent was due, but not ke'ete,...._ Ilt They had for years permitted the mortga gee cella" pet he r property and receive the rents of this sods sw ,„_'ellk c an other farms. After the attachment the ~....- w erd sold t gave notice to the tenant to p e y s ir ew __-'wee had Leon future rent to them, and it was e es e.,,, -w. Id and *seri their behalf that the notice took --7-7 el It Mores. the attachment, and that they had a ril ri t r f es , Chanow7 rents. The learned counsel contended that h ess - "e11,,. been . s _tu ewer to a landlord in an action against his tisa n tir• by te e Ter rent that the tenant had received new s Celt mat4er mortgsgoe to pay the rents to him. - "I 15, took no Rule granted. . they emu CHURCRWARD r. THE gum, the The Senator-General (with whom was m t z_, , no d P oubt said this was a petition of right to calm a pastg,"'wlf Initiated The matter was some months since before the sect o f the el • argued on demurrer, when the court gave f, . - "stli peoettouti the Queen and against the suppliant. m;, -- • - • 11 1 and f' behalf of Mr. Churchyard (by permission of the P r4 Wa nda a General), having been all along counsel in the e , Xr. had to make the following application, MUM se - .7 teta that • agreed to by all parties to the suit. of sanely of the question of law which the mot and had there wee a general traverse of the facts *sh een Premed__, ~_ h and in the usual course that traverse should be WO = w rad a • i going to error on their lordships' decision. ge erls .." - The de result in a waste of time and money tryin sae "'•• I should the Court in Error confirm their T oed Into a I it was proposed that the issue in facts oath SOX tiers should be struck out for the present, the ee l . ' at liberty to restore it should the Court of &nth*. I favour of Mr. Churchyard. . [ Mr. Jostle* Mellor -Yon have the manumit die crown I i The Solicitor-General-Yes ; and Mr. T. Jeani e . The N t on behalf of the crown to concur. Mr. T. Jones said he appeared for the Atteemen-e_ we , .the the s ees s o • to ask their lordships' sanction to the preheat upl i ft .. ratan 3 The Lord Chief Jiuttioe-Whet you want is, e s m. I to put the traverse and issuo under the table (mato Jervis, The Solicitor-General.-Yes. It has bees tha. Wm Mr. Lov in other cases. ILP., I The Lord Chief Justice said it was an ingenientlad • Judge ; proceeding if the court could do it. The o '1 Mr. T. Jones said there were two or three ems knee . .milled f 1 it had been done. 15 for in Rule absolute in the first instance. gowns 't -- - - tion and L- COURT OF COMMON PLEAS. rob, rob. ' c Sittings in Bancto.-(Before Lord Chief Jesticerk, el Wed 1 l 7 Justices Willes, Bytes, and Kesterg.) horse, London, RANDOLPH AND OTHERS r. mow ANC OD= Railwa Y The plaintiffs were prebendaries of St. Pure Ca* havy n and the defendants were the Dean and Chaseeh Cathedral. The matter came before the court swan* to ta 9/6 r it case, stated without pleading, for the punxesof elan t h e S i a their lordships' decision of the question whefiertim prison, t, bendaries had a right to vote at the electios of a pee nor wr i to represent the chapter in the lower home of exam rea d en i di It appeared that from time immemorial, and dews t ee , a . 3- the passusg of the act 3 and 4 Victoria, cap. lithe v ben rice had attended and voted in the chapters gee receipt of her Majesty's congs d'aire, for the ell:Mail IS bishop or a dean, but since the passing of that actdsoilel arisen as to what position they legally occupied. hi*, 181;3, a mandate was issues' by the bishop, reel** 11. dean personally, and the chapter, by their protocol! le pear in convocation. The Rev. J. H. Randolph Theo •w of Sanderetead who has been prebendary 44 yeas( .f others, clannea as prebendaries to be present milieu Ff. im. os the election of a proctor, but the claim was airisol, Z,lwar , d- and the dean and canons elected one of their owe kkit house, Rev. W. W. Champneys, to be their representatiu lasi no occu cr vocation. bordina er Mr. Coleridge, Q.C., for the . plaintiff, said that CURIG Ross w ,ni tion was a bodycertainly very inferior in inn:unsaid Alexan , as old and as well known to the constitution u name and p 1 lio itself. Originally it was in fact part of the parlimecal The &I down to the time of Charles 11. it exercised =WM lateen' : the power of taxing the clergy. The functions of MINIS ticket . he continued in a tolerably active state down to titled meter . he Queen Anne, hut from that time they had slept ilia made u ~. Gently when they were recalled to life. It wee pries turban • ''''. ancient common law right of the prebendaries nut but th* sae the election of a proctor for the convocation, and WA in a 'in_ contend that such a right could only be tar se master by the express provision of an act of prilea away, "t" His view of the 3rd and 4th Victoria, esa li. the fa rat fasn W, that whle it took away sll tis hek he now . 4 . oon-remident i ary prebend s, and vested them hie got the 'w Ecclesiastical Commissioners, their other rights ems , should , Lto pressly preserved to them. Further thin this, whams ' the def ar t it being the it . ~I of the legislature to get rd d re his fae • , residentiary peebends, there were some ca th odal' We defend rat- ilia, Worcester) where there hail been no notereitiser it had he prebends, but where such a body, though eitki6 a( Mr. 1 emolument, was created. The learned gentles= Mem What emolument, rs. in detail to the terms of several sections in the Masi The lick argued from them in support of his views. . indeoe ten ten [The case was not concluded when our reptetWtl w=ade d like to COURT OF BANKR UPTCY. The bo ow (Before Mr. Commissioner Holroyd.) nv- IN RE T. E. FRANRLYNE. lt :all mi. oneHe Th,ladace.tr Paul's-churchyard r e s-c b h a u n rc kru hy p ard t was and a u sil m k e. t s in tr . , l e l t e:st an lie d r L me yo rehel nion t4 tin tal M T t o w h u r ne o . and aa e tr aded Edward tn and property held as security of 19,000 t. partnershipatwainthothH:re.n_lhry lanntl el 4 beard o f liabilities of the three estates are . about th . d ..,Oeui not ., oo. eumo tii the.ftitmchle Mr. H. Griffiths, for the assignees, M. bankrupt having his order of discharge. . e sirs brt lS n l k r ru . Heed pt,wh (wi o h t aa h wreliwomivwtdasallnlnrivltutyglAuscatiatateadslailial ._ : . his ileet li I l e was partners, Selby, who had induced hint to brig l e s les . the to highly connected, had been made the victim of teal . 'g h 14.000!. into the business, the whole of which e ...ontl.o loot, and Selby had disappeared. . ode al Elie Honour granted the order. 'old i (Before Mr. Regiotmr Murray.) ' The I sea, IN RE F. F. AL.I.ISOS. _. ere MI *KW I to The banknipt was a commission merchant ill .. e sell T t - adjudication was made in prison. The Mak t l t ikt e f, , tt and India trade, carrying on be/tines is ruddiness 7 1 ' Mt. I ; liablethat h f i o s r debts arr. of only 100,000'.about • I e had 3 of Gladstone and Co., recently failed. •- up 2 This WOOS. Hest sitting, bat no .ussigneewascbou s. .f 2 Mr. Chidley appeared for the bankrupt. I: , . lu s Sme-..-....------= vet 7 fret 3 in l e' " onn i elio ' CENTRAL CRIMINAL COURT, ' . put 6 er I 5 (THIS DAY.) ut, 2 ---4.-- • Rol C 44 g o 4 The November session of the Central CM' . ,„ n ... OW 0 5 was opened this morning at 12 o'clock, by the RV r• the . - the Lord Mayor, Alderman Gabriel ; Russell Gorier L en''' 4 Q.C., the Recorder ; Alderman Rose. Alderumll= connexion toni; tt:ecown a .._ oso ._____ e.tc-i--. as. A t.t.n.an a mlSherll? 7S fat Jae dal 'here a i lightly. The I lone ac Tile( riock. Last 'he may 1, Liao tho I 10 year TH2 Thee pitted eels se hived 'alma tttlet 1 krs.nib trigs Coup Mr. e di I i; i ~',: , .14