The Express. — London, England, 1862-01-20 00:00:00

VICTORIA (AUSTRALIA) RAILWAY LOAN, teemed leader the milhority of the Halfway Lae Aet el the liasielatere of Victoria, No. SO dated Melbourne, MY Ifeeeth bre. IST, entitoled " An Act to anthorlee the raising of Seam Ow the Construction of Pal than" to be effected by the twee of Debentures, bearing interest at the ratetuf sit per anthem pee In amounts of SASS e d £lOO each, swayed time the aamolidahal revenues of wren* and redeemable 00 the let Getober, 11103& The Cesralttes •Plielabell by the six Associated Amlealian Danko as ignite in this of the Clomninield of Victoria We Om aimateldea al the them HELLIST 01 V g NOTICK that 11711 MIC TIIIIDZOS wells received for 41,1100.00 0 DEFIEN. TUNAS, betas the imeandratportion authorised to Le rased by the aboyenamed Act, at the London and Westminster Bonk. at Two o clock precisely on the afternoon of TI;MDAY, the Seth instant, up to which time sealed tenders will be received there from all parties alio may forward the mitre, eddrewod to the Chairman id the Committee, and endorsed " Tenters for the Victoria SU per Cent. Loan," or attend to person therewith, in cases of inutility of tenders beyond the amount to he issued, they will be subject toe pro rata diminution. A deposit of nee per cent. on the mount of each tender must be previously paid to the London awl Westminster hank. The tenders will then be opened to the presence of ail so attending' and read publicly. and the purchasers forthwith declared to he those who have °demi the highest price not under the minimum previously fixed, and which shall be contained In a sealed paper. placed 141 the table before the tenders are opened. Tenders by the same persons at varioue prams most be made out suit delivered separately. and parties must be careful not JO coil se the deposit in the waled tender. Tenders at a price Including fractious of • shilling other Shea skpence will not be accepted. The Eh bentures no contracted for will Mar interest from the lit April nest. and will be dithered to the ealmembem at the London and Westminster Bank on that day, apes payment of the balance due thereon. and Interest payable In Lomb= at Yin Lesion sad Wmtminiiter bank and London Joust Stook limit laterut pay able on the lit April sod lit October in sea par =rah For the Bank of New heath Wales D. Chi= et mitt tee. For the flank of Anstralmis itsurique.. For the Union Beak et Amentin Jr. J. Cummins. For the Bank el Victoria For the London Chartered leak 41i Am. D . trails For the Colonial Bank te Amerakiels, their Arai& The Leaden Jaime Meek W. J. Imaceeter. Beak Leedom, Jas. 211. Din aZOOND-HAND PIANOFORTIB. MAIM. DIAL; NA WOOD •••• • haw asoodniat scoadama PlaasiogrW4 b 7 ths wooS wWgzed " Um ' .1 Mood prlm-801. lowit•trest. GM SW= AND gas PURE EX - TRACFo/ 45.11:VES' FEET, lee Laval& awl Chaney Ma Ike! is N., IL. le.. sad Si gamin*. by ill doodah, grooms. Ica MA XI/FACTORY. 111. L/TM MITLANDAT., ifessii.. W. ghe enwelso. lAntAtltp,. TVS Immo. 1111 - 10112Y110(11. Nam YlBlers, and Howe . Pllowillbs awl Ms hiss CoeMs. And LIMY 11189 Ott Mtn AEU LITTLE JOY EWE; *IL liarkkoln arid OW Da447 Uses* Lawiso ladereci. fllllolllrs Ton Somme, THS :Amin 1101rstli TAPIR. Mr. sad Mr& W.I. lbroora —AM WET TINUTON AND ins CAT; or, llsOlgula Nis IrollswobtroL Messrs. J. Lash . iliklyart sod heir; Clarolos Mono ST. MOIL THU Evan" SZLT MADE. 31.... S. W. H. etephens, Dewar. Betaiste Mot Haefeet.—And PERSEUS AND ANDROMCDA: se The Ma end the Moneta. ILL V. YAWN, MS Miss labeft—Ommass as zi. B a!TAPILL Tim Immo, The taZodaATili KING Or TER CUBES. Mr. S. Lane; Loom A. 11•14, J. Uhl; Newham, the ("Metrelte Family Mato. C. loplas. Mrs. W. Cranford. ...And THE CABAL CLOUD.—Comorohoe INN WATER AT teliDON lams CUL TOASSIOW —ltaralog, 616 kftellboo6. 54. Ifts. LONDON, MONDAY, JAN. 20. the Monday last, reviewing the financial con ditions of the civil war in America, we pointed out that the time had arrived when an ordinary system of finance would probably be supplanted by an extraordinary one, when the ordinary resources of loans and taxation would be considered inadequate to the national emergency, and when bold financiers, such as the United States unquestion ably possess, would probably strike at once for the plan which has been adopted on occasions of crisis by nearly every nation of the world. This anticipation proves to have been well timed, for the most prominent feature of the past week's financial news bas been the suspension of specie payments by nearly the whole of the New York and other American banks, as well as by the United States Treasury, as a preliminary to the issue of an irredeemable paper currency. It is of course easy to declaim in rounded sentences against • step of this sort. Not much skill is required to prove that its prospective evils are great, and that it marks a serious descent on the part of any State that adopts it. In our opinion the greatest of its disadvantages is one to which attention dot* not seem to have yet been turned—we mean the carelessness with which so dangerous a weapon is apt to be used. With a resort to paper money an important guarantee of prudence and foresight dis appears. As long as it was necemsry for the Secre tary to the United States Treasury specially to consult the bankers and capitalists as regards each individual sum that he needed, it was necessary that the financial plans of the Government should be moulded in accordance with the genes of the businesscommunity. It was rsquiailatoiaakamatters pleasant and reasonable in the utile' Mien of those practical financiers who, in every country, exercise a salutary cluck upon the flights of Finance Ministers. It has been another source of consolation to well-judging Americans that the additions ti the national liabilities which have been necessitated by the war, though huge in amount, have been individually and closely scrutinised by the legislature. We are of course aware that to the elaboration of Mr. CIIASINI new scheme the sanction of the legislature is indispen sable, and the good opinion of the bankers an im portant auxiliary. But we would point nut that neither the one power nor the other has any longer the old control over the course of the Treasury Department now that normal plans of finance have been abandoned, and that the principle of an inane of irredeemable government paper to an inde finite amount has been accepted. It is exceedingly important that an engine of this immense power should be worked with the greatest possible care, since otherwise it may precipitate all the material interests of the State into ruin. There is some thing perilously seductive about the issue of a currency of this kind. Even a factitious pros perity may fur a time be produced by it. Holders of produce, public curities, and other commo dities may at first view it with complacency, find ing that, uuder its influence, prices rise, and for getting that the paper produce of their conuno ditice will itself not possess a purchasing power equal to that of specie or of the standard cur rency hitherto prevailing. There is now, more over, far too great a temptation to slight such difficult and disagreeable questions as that of the proportion which the produce of taxation ought to bear to the produce of this most easy and dan gerous form of loan raising. In fact, there is a fatal temptation to disregard the levying of taxa tion altogether, and to rely implicitly upon the resource new adopted. The present is a time when every American citizen, unifies he is pre pared to confess his willinviees to let the Southern Slave Confederacy have its own way, ought to offer up the tenth of his posses sions on the national altar; that is to say, he ought, if he is sincere, to welcome a pro portionate amount of immediate taxation. Should the people endeavour to shirk this obligation, and to cast the burden upon the future, by creating an irredeemable currency in amounts only limited by the large necessities of the war, we confess we shall feel deeply disappointed: at the rime time we cannot help acknowledging that a deliberate adop tion of the higher course would argue that the moral sentiment and public feeling of Antrim rank higher than those of Europa. The finances or England, France, Austria, Russia, and most of the other countries of the Old World, (Writing to be the most advanced in civilization, have at some period of their history passed throwalt the phi' upon which the finances of America are now me tering. At a time of national trial even Great Britain suspended specie payments. When she had passed through the ordeal she redeemed all her engagements. We see no reason to doubt that as America follows the example of the old country in one respect she will do so in the other. We think, however, that those who imagine they see in the past week's news an indi cation of the impending exhaustionof the financial resources of the Federal Government, and of a probable end to the war, are deluding themselves. We have on former occasions drawn attention to the depressing influence which is permanently exercised upon the market value of the English Three per Cents. by the creation of other com peting securities. The effect is illustrated more clearly than ever by recent events. If the funds were low, it might have been objected on former occasions that the cause was to be found in the prevalence of a high rate of interest, in the dis turbed state of the Continent, or in the apprehen sion of war with America. But (to invert the order of these objections) the American Govern ment have shown that war with England is the last of their thoughts ; the sounds of alarm from the Continent are unusually few and far between ; and the rate of interest has fallen to 2} per cent. at the Bank of England, and to 21, or even 2, in Lombard-street. Yet Consols are trembling at 93. In a similar state of the money market in times not far back 97 or 98 would not have been thought too high a price. Now, there is 727,000,0001. of the Three per Cent. Stocks known, respectively, as " Consols," "New " Threes, and " Reduced " Threes, and as five per cent. on this amount represents no less than 36,350,0001. of comparative diminution in the value of this one item of our invested capital, it will be admitted that the subject is not a small one. We have shown on former occasions how steadily the funds have receded to a lower range of prices simultaneously with, and evidently as a consequence of, the creation of Indian Govern ment securities yielding much more advantageous rates of interest. For example, against the Mem tion of 4 or 5 per cent. in the value of the Wish Three per Cents. shown by a comparison of therm meat prices with those which prevailed at forme periods of equal monetary ease, must be set the rise in the India Five per Cent. stock to Re pre sent price of 106, or 7 per cent above that which the last issue of this stock was negotiated. It is impoSbis to deny that the latter fact goes far to explain the former. The public, as yobs", urged before, have bees taught to look for W#er rates of intense the* those they were formerly content with, sod the teachers from whom they have learnt the Lam are those great proficient. in the business of purveying securities yielding high rates, the Indian Government. We are quite convinced that, as long as the Indian Govern ment go on asking 5 per cent. stock in this market, they will keep down, or fur ther knock down, our home funds. The difference between five per cent. and three is so great as to quicken the avidity of investors. Even during the past week, when the market reporta have described Consoler as " fiat," and have men tioned that " sellers have predominated," causing a decline of I per cent. on the week, two of the largest Indian railway companies have received such an influx of subscriptions to their bonds that they have notified that the amount required at present is made up and the list closed. One of these companies has just paid in another 600,0001. to the credit of the Suarrsav of STATZ for INDIA in COllllea. Surely we need not seek farther for the causes of the " flatness " of Consols, remembering that the whole of the Indian railway capital now being raised enjoys a guarantee of 5 percent. from the Indian Government. Nay, the Sxcairrsav for bums is so generous as to offer the subscribers all sorts of options, all against himself. If they find hereafter that they don't like the security, or think they see a better one, they have only to take the debentures to him and they may receive their money back. To explain : The new capital which is now being raised takes for the most part the form of guaranteed debentures, redeemable at pas at the end of five years. In some owes they give the holders the option of either taking their money back at the end of that period, or of going on for another term of five years. Some debentures, including those upon which the Madras Railway Company have raised the bulk of the 600,0001. just paid into the Indian Treasury, carry, besides the privi lege of being paid off at par, the additional option of conversion into the ordinary stock of the com pany. Should the stock rise to a premium during the currency of the debentures, the holder might gain considerably. It is very natural that the public should consider guaranteed securities with such privileges an excellent investment, and that the Three per Cents. should remain neglected. The effect does not end even here, for when the Indian Government, who are permanent borrowers in the English market in some form or other, bid 5 per cent. for money, other borrowers are obliged to bid still more. For example, the colony of Victoria, which has just made its appearance with another request for 1,600,0001., is obliged to offer 6 per cent. The terms of all loans sought here both by foreign and by colonial States, as well as by public com• panics, are, in fact, influenced, and—to bring the matter home to every man's door—we are strongly inclined to think that the rate of interest on the great mama of individual transactions throughout the country is affected in a degree not generally suspected. AMDINT TO SI JOHN PAKHOTTON, litorrwicii,:lialunsar.—Aa accident has beadles the litight lieu Sir John l'altiegtin, which for the present dooms, bin to the house. The right hoe. baresek when asst. Wintwood-park. is adjacent to this tows. was riding along as of the roads in the vicinity of Westwood ea Wednesday afternoon last, when his hone, it is sappeeed, hod upon a Sees and falling, threw hi, rider heavily os the reed. Sir John was of coons seek brained by the violas' of the fall, and in addition to these injuries to noshed a kik to tie back as he lay en the grand from the lone in tie struggice to ries spin. We ere glad to add. however. fist beyond these broker the right hop. baronet hes nodded no serious injury, and to-day was reported as recovering rapidly. Sir John as an ripen horseman, and we believe the horse which threw him wee a favourite one. Tu Oaarele.-.Load Paireseuten remaim at he seek Dreslissels. Heels, "bee it is expelled tie noble viscount be bemired with a Matt ia the timely pirt of this week hen Ms Majesty Me Meg Ms Del shim King Lego& who mill be attessissi by Oeireel count de Mocelosele aid Dr. will mho has Buckingham Pala^ saddler levies boon ten et tbe whin premier, it acpestedi Se pressed to aeries residasise, Oslieses. Lk el Wight. Eul Ys} et residing at Pembroke Lease, Ridgewood Park. Lord Gran- Mile returned te Lewin siattlee beet a obit to the Marquis et kilrabrisy. lie o•lnii (key remeies le lowa. Mr. 11 doer Oh ea hes lilt Leeks fee his seentry seek bet is expellee to return at the seermemenset et the week. TM Dubs el Newieslis an* sase mmisses d fiss .bidet ere est et Mew LATEST INTELLIGENCE. THZ PRIV4TERR SUMTER. The Comeppendenciad Madrid, of the 15th, sop, Yesterdegr ids men d the crew of the Sumter deserted the vessel, and came ashoretp make their submission to the Consul of the UniteliStates, who begged the military governor of the place to take them under his' protection. On the other head the captain demanded that the men should be given up to him as deserters. This the govern ment refused, on the grounds that Spain had not yet recognised the independence of the Confederate States, and that no treaty of extradition with the United States existed." (imunes Tzr.zowo.) IILDBID, JAI. 18 (Emma.) The Sumter, having today been ordered to leave Wiz within six hours, quitted that port this even ing and proceeded for 01Inbar. THE EXPRESS, MONDAY EVENIE, JANUARY 2%. Zachary and lodgers have been Fora Lafayette. Several boxes of Canadian wat, ,)sarksel "W. D., Rifle Brigade, Australasia," h it hells washed ashore at Aspen Bay. Lt The steamier Ells Warley, from Nsuk, has run the blockade at Charleston. The Bremen, Kan-A garoo, and Bohemian have arrived out. The Australasian has arrived at New York HALIFAX. JAL 10. The Cleopatra has arrived here. All well. The Parana is expected to-day. COMMERCIAL INTELLIGENCE. NEW YORK, JAN. 11,_Evarrza. Exchange :--Bankers' bills, 115 ; gold, 44 per cent. premium. Stocks firm but quiet. New York Central, 814 ; Illinois, 024 ; Erie 24. Breadstufs firm ; cotton dull and nominal ' ; middling up land, 36. CONGRESS OF REACTIONARIES. A letter from Venice in the Nord of to-day says: " For the truth of the following I can vouch : Summoned by his Majesty's orders Count de Rechberg has arrived here, and a conference has taken place. At this conference there were present the Prince de Petrull a, formerly Ambassador of Naples at Vienna, a secretary of legation, and envoys of the various dethroned princes, and also some priests. It is more certain than ever that a reactionary campaign of extraordinary pro portions is about to take place under the auspices, more or leo avowed, of Austria. Baron de Bath, Imperial Minister at Rome, is daily expected at Venice, and also the Archduchess Sophia. This re actionary congress would not be of much importance if we left out of sight the bellicose preparations of Austria, and the speeches delivered to the troops here, and at Verona, Mantua, and even at Borgo forte, the extreme limit of the Austrian military occupation, all of which are more or less a species of defiance to Italy and France. " The Swiss Chambers have now been sitting for three days. One of the earliest subjects which has been introduced to their attention is a pro posed law upon mixed marriages, against which , the Swiss bishops, in pursuance of directions from Rome, have made the most vehement opposition. The committee appointed to inquire into it have proposed its adoption, laying stress upon the necessity of accustoming the people to attach more importance to the civil power. The committee declare that there is nothing in the bill to clash with any religious dogmas, and that it merely carries out the intention of a law passed eleven years ago. Despite the opposition of the ultramontane faction, the first reading of the bill has been carried in the Council of the States by a large majority. (swvra'• TILIAILAMIL) THE MEXICAN INTERVENTION. PARIS, JAN. 20. The Moniteur of this morning publishes a corre spondence from Vera Cruz, dated the 20th of December, which states that there is reason to think the orderly and quiet part of the population would favourably receive any measure which, re specting their independence, and not wounding their self-respect, would tend to settle Mexican affairs in a durable manner, and restore order and security. SPECIE FOR THE EAST. )N, dug. 20. The Peninsular and Oriental Company's steam ship Ceylon, sailing hence to-day, takes out for the But : 102,275 dole. ; gold coin, 2,3051. ; bar gold, 5001. ; and gold thread, jewellery, watches, clic., 4,0 W. 12s. ed. AMKRICA. r, JAM. 19. The Royal Mail steamship Niagara, from Boston on the Bth and Halifax on the 10th inst., arrived here at 4.30 a.m. to-day, with 38 paasengers and 312,550 dole. in specie. She landed 109 sacks of mails and proceeded at 5 a.m. All well. NEW YORK, JAx. 7, EVENING. (Per Niagara, rid Queenstown.) The Mayor of New York, in his message, says that in the present critical condition of foreign relations, and by reason of the British government giving repeated evidences of unfriendliness, the defences of New York demand attention. The Mayor urges that rafts or other barriers should be anchored at the narrows in readiness to obstruct the channel, if necessary. At a crowded meeting of British residents, held at the English consulate in New York, an address of sympathy and condolence with the Queen was adopted. The New York Time ear that a congregation committee will report on • bill authorising the issue of 100,000,000 dole. of demand notes, which will oosistitute • legal tender, and be exchangeable for Six per Cent, Bonds. This bill also provides for the extension of simi. lar privileges to the demand notes already issued. The Richmond papers report the arrival at Charleston of the Confederate steamer Isabel, from Nassau, with • cargo of arms. The New York Tribune states that England in tends to occupy Matamoros, and to open a cotton trade with the South through Brownsville, Texas. The new tea and coffee tariff will not be enforced on goods now in bond. The Federal@ have attacked the Confederates at Port Royal Ferry, and destroyed some Confederate works there. No important military movementa have taken place. LATEST BY 'H TO HALIFAX. NZW YORK, JAN. 9. Mr. Sumner, in a speech which he delivered in the Senate, said that Captain Wilkes was not jos- tified in seizing the doing be acted according to international law as expounded by British authorities. "If Captain Wilkes suspected the Trent," said Mr. Sumner, " be should have taken her into port for decision. No Federal court, however, recognising American precedents, could have lawfully condemned the Trent, or detained the commissioners. Cap. taro Wilkes, misled by a British law book, violated American principles. England by demanding the oommissioners stultified bee history, and vir- tunny acknowledged the justice of a position long maintained by America. The American people," concluded Mr. Sumner, " are indebted to Captain Wilkes's act and Mr. Seward's statesmanship for a great political triumph." The Congressional Committee have reported on the Bill authorising the issue of 100,000,000 dots. worth of demand notes, which will constitute a legal tender, be receivable for government dues, and exchangeable at any time for six per oent. 20 years coupons or registered bonds. The Senate has not yet passed the modified arrangement of the Tea and Coffee Tariff Bill. I The New York Triton*, slates that Mama THE AFRICA. QUEENSTOWN, JAIL 19. The Royal gall steamship Africa arrived here at 5 p.m. today, embarked the mails, peasengers, aad Wed telegrams, and proceeded for New York at 5.30 p.m. All well. EXPRESS FROM PARIS. (nom OUR owl PARIS, 8011111 UT EVII4IIIO. The continually recurring question whether there really are in France any government journals ettiser than the Moniteur—a question which the irseateuis solemn and oft-repeated asseverations fail to lull—receives an amusing elucidation to-day. Affiew the warning given to the Debat•—• warning which produced an extraordinary sensation, partly because it was the first ever incurred by that cau tious journal, and mainly because it treated Pro testor Saint Marc Girardin, a man of the highest dander, learning, and ability, as factious—the tiesmffitrationnet felt called upon as a " devoted" print ' to trump the bfoniteur sad to abuse the editors et the Debate a little more. By the pen of aM. Grenier, formerly a small professor in some college, it called M. Saint Mare Ginrdin a " buries" (grey-bearded dotard), and M. Wein a "Jeweils. Dean" (stripling). These expressions excited universal disgust in Paris, and it has been ru moured that the more judicious members of the government are much annoyed at their baying boon used. The Dibata quietly observed, two days ago, that " there are situations in the press which render a too rash writer liable to render the go velment responsible, to • certain extent, for his own imprudence." The Conektotionnet yesterday, not remembering that the words used by the Dibata were quoted literally from Viscount de la Guerron niere, protested lustily against the proposition, and affirmed that it alone has " the entire initiative and undivided responsibility both of its attacks and replies." But now, unfortunately for the ,onditutionriel, and unfortunately too, as it tarns out, for M. de Persigny, the Debats has discovered that an official journal called the Monifew des Coinnioines, which is posted on the walls of every church, prefecture, and mayoralty in Francs, for the information of the people, reproduced the obnoxious article of the Conaitu notate/ and commended it to the attention of the lieges by the heading—showing the high authority by which it was promulgated—" Ministry of the Interior I" It is, therefore, proclaimed in the thirty five communes of Francs that M. Saint Mar e Oirardin is called a " barbon " with the approba tion of M. de Peraigny. The Pays announces that early in the legislative session a proposition will be made in the Stasis —which only takes an initiative in the case of laws deemed of great public utility—for the " extinctios of mendicity." Of course it is not meant by this expression that laws more sweeping and efficacious than those now existing are to be pawed to enable the police to arrest beggars. It can hardly be, either—although the Pays uses the word " social," which, till lately, was deemed seditious—that the Senate is expected to invent a means to make all men satisfied with their condition, and to eradicate the propensity of the necessitous to ask alma from anybody likely to give I presume that some kind of a poor-law must be alluded to by the grandilo quent phrase. The Union anno."-- that yesterday afternoon a commissary of polioe,armed with a mandate from a judge of instruction, made his appearance in its office and seized all the numbers he could find of the Union of Jan.l6. M. Laurentie, M. MaoSheehy, the Omni, a gentlessaa of Irish descent, who is generally called a colonel, and M. Dabnieson, the printer of the journal, are all to be prosecuted for au article beginning with the words, " Liberty to do evil is the whole theory of the revolution," and ending with the words Comortpere et Corrumpe. As I expected, M. Rooland has lost no time in replying to the defiance of the Bishop of Arms. The Cuurrier du Pal de Calais has received a com municated note, giving a list of several judicial documents about to be published, which will prove the truth of the allegations against the convents which were denied by the bishop. I hear it said on the Boulevard that a terrible ill SO catastrophe has occurred on the ice in the Bois de Boulogne, and that eight people are drowned. This is, I rather think, the first time that any fatal ac cident has occurred on the lake. The water is so shallow, and it freezes so rapidly, that the idea of danger in skating upon it scarcely ever occurred to anybody. The cold increases in intensity. At 6 this morn ing the thermometer of Duo:ay-Chevalier was 9 degrees below zero. Letters from Orleans state that the Loire is encumbered with mamas of ice. Even in the southern latitude of Marseilles there is frost, and the wintry " mistral " blows with ter rible violence in the valleys of the Rhone. Dr. Vann was upset in his carriage yesterday, while driving along the Rue, Royale, and very severely though not dangerously hurt. The car riage was broken all to pieces, and a footman on the step behind, who was thrown down, had his shoulder put out of place. M. Ger.:Sine, the painter, is still laid up from the consequences of the wound received in his duel. The arm had healed, and he was supposed to be convalescent, when it was discovered that there was an istaval suppuzation, which rendered an incision necessary. Hagan or Fewer. — , A remarkable instance of the effect of /Were frost on iron marred at the Orduance•wharf, Chatham. on Saturday. Dorlag the day a party of convicts were employed in remcbm • lumber of the large 10. inch gun frets ems part of Vie eolableh meet to &pother, la media= for embarkation la sear to facilitate the egeraties the leap steam ass wee 'nought into rephdiaon to lift the puts. but seareely had me of the 10. inch gu weighing 26 cwt, been alached to the gear than the sesollee chain which held it soddenly snapped aid es the mama ass only • few feet from the pound. What mime the &oddest appear the more re. usertahle is the fact that not the slightest Saw wadi be donated la the motel of which the chain is composed, the dais Neff loin made to soder' double the 75 6s aad mily a few days baba hastog Una rid Is lifting of soya tem. AS the atomeat of the gun tallies, augh onmal of lie amok& were at work within • cespie of UN not ime lies Wand. A conflict has taken place in the harbour of Monrovia between the Liberian government schooner Quail and a Spanish vessel of war. The following are the facts of the case, as stated in the M of the President of the Republic of Liberia, dated Dec. 7 1861. The President havin4 been informed by Prince Mannab, Chief of Galima (a district about 70 mites N.W. of Monrovia), that a Spanish slaver was at Gallium Bar, sent the Quail to overhaul her and by that vessel she was seised. Soon afterwards her Britannic Majesty' s Torch, Captain Smith, arrived at GaUlnas m search of the same slaver, and she was burned by his orders on the 14th of June. The captain of the Quail remonstrated against this act, as the Libe rian flag was flying on board the prize, and she wee in possession of a Liberian p rize crew when she wag boarded by Captain Smith's lieutenant. The Presi dent states that "the commander of the Torch expressed his disapproval of the act of his lieutenant in taking possession of the prize after ascertaining that she was a prize to the Liberian government schooner Quail. Though the act was, as he stated, done without his knowledge and roval, yet, it having been 00 M • mitted, he concl uded to direct her to be destroyed as aforesaid. The motive by which be was to an extent actuated in deciding upon the latter course he hoped the government of Liberia would appre ciate, as it was intended thereby to relieve the go vernment of Liberia from any unpleasant misun derstanding with the Spanish government, he in the name of his government ramming the responsi bility of the matter." These events occurred in June last, and on the 11th of the following Sep tember the Spanish war steamer Ceres entered the harbour of Monrovia, and fired upon the Quail, but was beaten off bythat vessel and by the guns of the fort. The last nem, in relation to this affair is given as follows by the Liberia Herald of Nov. 20 : A rumour baying rucked Sierra Leone of several Spanish war vemak being at this pat for bombardment, her stearawr Torch was immediately despatched by his reoy Governor Hill of Storrs LOOM, with a message to President ihrsocia, the purport of which we are not now at liberty to give. The Torch left on the evening of Oot lgth for Sierra Leone, bearing a menage from the President of Liberia to Governor Hill. We have onl7 to my at pre sent that the object of the yid was gratifying to the govern ment and d Liberia. By the F.glad mall steamer, whisk arrived about the middle of lad moth as Owe Pilmak intelligeare was re mind trout ens el its mem, that the goverserviesral at Tensile Po wee so 111011111111111 at the failerecl the Odes sod her ignoble retreat boa the harbour, that he via up three made of war to capture ce dek the Nothing hem hew eon or heard of Spat& intones THE FRIGHTFUL COLLIERY ACCIDENT Ar HAJITLEY. (nor ocs ealameirownerr.) New HAWMAT OOLLIM. SATEM,DAT Al,lllOOll, HALP.PANT TWO O'OLOUIL Doing feat night, the week of clearing the shaft was presented with vigour by relays of men at intervals at two hears. The workmen suceeeded is clearing away a por tion of the darn. In the cowse cl the night they recovered two of the bodies of the men who were killed by the falling of the been. The body of George Sharp, Iva., wee first reeovseed, and adenomas the body of George Sharp, senior. About five o'cloc.k'this morning'they came to the body of Bohan Robson. The bodies were sent up to the spree seam. The men who came out of the pit at one o'clock this afternoon' brought up intelligence that they had got another of the bodies, that of William Brown. It has aloe beet mat to the upper seam, and placed beside those of the others. A fifth remains to be recovered. The number of men sad boys known to be in the pit is 215. The somber of boys is said to be about 50. There ere ea overman sad tires deputyovermen in the pit. The tea are in the yard scam. The authorities of the pit have no fears with regard to the ultimate 'teems at the sat. The veatilathm is loom to be thoroughly red, and there is no danger of injury to them from wears. The peeler portion of the men i■ the pit have beat there dm one o'clock on Thanday morning, sad they had bat little food with them. The boys, however, it is thought, took dews some provisions. The want of food, however, to the whole party is a amino of umeasineas. No decided opinion caul be given as to the time when the men will he needled. Workmen continue to labour hard in clearing away the debrie. A number of the men who are immured reside in cottages at the New Hartley Colliery, about 200 yards from tie pit, while othen reside at Old Hanley. New limas" Eimer The intelligence from the working parties in the shaft which has just come to bank II leer cheerios. Mr. Coulees, the master sinker, has sent up a report that the obstroc• tions that exist before the party out possibly reach the engine drift are of a much more difficult character than could be anticipated. The buried men and lids imprisoned in the yard wain, could be heard working is the shaft this morning ; hot since thin they have made no sign ; and though every dint has bean made tonight to get a signal from them, it has failed. Extra relays a/ min have been put on, and redoubled exertions will be made during the night to break through the obetruction. The crowd at the pit mouth is increasing. ANOTHER ACCOUNT. SHIELDS, SUNDAY, 6 P.M. The men and lads still remain entombed. From 6 o'clock last night to 4 this afternoon no perceptible pennies bee been made in rescuing them. Last night the sides of the shaft threatened to fall in and bury the persons engaged in clearing a purge down; mr this afternoon they were obliged to mass operations to remove the artheles in the shaft until the dohs are bratticed. The last body el the five men killed in the 'haft on Thursday was found lest night. Popular excitement in the district is intense. Them is an enormous oar:same of people all day aneembled at the spot s bat euellest order has been kept by the county con' etabulary, and the operations have not been hindered by liar memos. At midnight the buried men were heard dpolling to the working parties. They were heard distinctly soh at 10 and 11 today. This has given great relief to all timpersens at the bask. The lon seam of the pit is rap pod Whe meetly Wing with water, which cannot reach lim new sod lee far mausydaya,ae they are supposed to be in Ohs yard seam. Mr. Humble, the resident viewer, says that filmy have a posy in the yard seam ; also horse provender. He is certain that the air is good there, and that there is plenty of fresh water. The colliery surgeon, however, is anxious about the boys and old two, 50 boys having been in the pit 85 hours ; the AM shift of rasa 83 hours, the beck shift 81 home. Tim families of the buried men have shown wonderful fortitude. Prayers have been offered for their preservation in all places at worship in the district to-day. NEWCASTLE, SUNDAY Ntorrr. Daring the whole of Friday night and Saturday the work el clearing away the debris was prosecuted with much vigour. The nature of the obstrootion, however, was wash that at times but very little progress was made, added to which, during Friday night • large portion of the Wiese walling of the shaft gave way, which had to be at onto Wattled up, in order to ensure the safety of W workmen, bat which had the effect of musing eoseidiwable delay to the excavation of the rub bish, so that by nine o'clock on Saturday morning thlt am ante dS ismertidebreix fest trots the yard seam. Dm* Ilia ANS diddle. the wort was ormadatted, bet ths astialbl balk amismaneed • more solid mass, there was net thaligetiala aides at fink when it was lamer, sad meseqnsallif Mr, wahsble. At ten o'clock is the forenoon Mr. OAK =OW sheer, of Durham, considered to be moot the meet caperisamd men in the county, west down to imperleinad the operations, and by twelve o'clock the workmen lad got to the head of the pump bucket at the head of the forams &IN which it was intended, as seen as passible, to remove, la ceder that food might be poised down the drift to the men below. A ocatinual "'cowling" hod been kept op between the workmen above and the en tombed up to twelve o'clock ea Friday night, what they were able be about to each other. At that time the mat below said that they were all alive sad in good spills Sloes that time the " jowline or knocking en Oak rat has awed, whisk is amounted for, not that say ei themk have perished, but that they have worked as far as peas* cable hose beneath, and that the overman tad deputies bessei mused than to maws swallows. Dogleg tha sight the I body of young Sharp was found, about 1 o'clock en Illacf Outlay morning that of his father, sad about 5 o'cleck-i that el Robert Bohm. Tao, were all sent to the upper souk sad there placed side by id% until MOM shall have been pined to them is the yard seam. About 1 o'clock the lame adisevesa gm be el William Brows was got at, aid nest up to be Lid betide these of hie companion. i n Adottuse. Stecog reieforoseteuts of able , and men continued to come in from the neighbouring collieries, sad the work wee being carried on successfully throughout the whole of Saturday night and to• day. In the course of today the weelosee still came upon large and extensive fractures of theehaft, and which have to be brattioed up, as stated above. Oommunication by " jowling" has been Rohs aeleblielead between the two partied. The air in sad to be good in the yard nun, and as it also contains plenty of good drinking water, there is every bops that they clay ultimately be got at alive. When our parcel was d u . erathe MSS &bow* were sanguine of being able to reach m:eras by Ma cede* to-night. DAUNT PARTIOULARS.—(THIS DAY.) (By "Immo Tamura.) NORTH SHIELDS, MONDAY, 1 P.M. Opseilices in the shaft have been stopped di AiiiLt by heavy falls of stone. The obstructions ip the shaft are:being removed rapidly, and there is hope of being in a few hours is oommunkation with the buried men. The excitement in North Melds is increasing. THE RIVAL AMERICAN WAR VESSELS 42 , SOUTHAMPTON. (non ova own omnizarownwir.) BOUTILUIPTON, JAa. ls. The Belgian steamer emigres, which put in here • week or two ago, left to-day for New York. :tome ammunition being amongrt her amigo it was expected she would have been convoyed some short distance by the Federal war Moamar Tuscarora, lying here, but she started without each convoy. . . „ . The occasional movements of the Tuscarora are still as mysterious as ever. She left her moorings on the lut occa. mien so soddenly that two of her officers were left sabots Even her first lieutenant does not appear to know the inter. tiaras of the commander until the orders of the latter are given. It is reported that the Sumter is coming up the Channel. Another Federal man-of.war is expected here shortly. Pilots live and sleep on board the Tuscarora, Nashville, and her Majesty's ship Dauntless. so as to be ready to telia their respective ships out to sea at a moment's notice. The officers of the Nashville have expressed thinualves indignant at the rumour that their ship is add, Maw miss will not be able to get away from Southampkes oder the Pahoetto deg. Some of the calms of the Tesserere &Id with the Federal consul, Captain Mitten. lady. LAW INTELLIGENCE. (THIS DAY.) COURT OF QUEEN'S BENCH. Bitting in Sumo in Hilary Term.—(Before Lord Chief Justice Cockburn and Justices Crompton, Blackiuo, and Mellor.) _ _.----- --- Mr. Davies applied to the oourt,oo behalf of Wookidge, for a mandamus animist the Loyal Nelson Lodge Friendl y Society, at Woodside, to reinstate him as • member of that body. The quendea was whether this court ar the County Court had jurinistios, under the existing law, to reinstate the applicant. He was an old man, who had been a member for twenty years. In 1860 he became blind and unable to pursue his cecuratkes, and by the rides be was entitled to six moons' full pay, and afterwards to half-pay. He re. oeived his pay until Avon last, when he was informed that no 1110111 relief would be given to him, and it was explained to him that his daughter had three months before received one week's allowance too moth. The committee ultimately expelled him, and refund to acknowledge him as a member of the society. Mr. Justice Crompton mid this was the first time an sp. plicatiou had been made for a mandamus to reinstate a insane of a friendly society. By the 41 sec. of the Friendly Societies Act, all disputes between members were to be settled by arbitrators, and if there were none, by • county court judge. The Lord Chief Justice said. the question was, whether the expulsion of the applicant from the society by the com mittee was not altogether • vain and idle proceeding. If there was no expulsion, application might be made to the County Court to order the payment of the relief to which the member was entitled ; but, supposing the natter was within the Inriediction of the committee, and they bad not beard and determined it judicially, the County Court judge might order them to do so. Thia court could not, therefore, grant the rule. Rule refused. COURT OF BANKRUPTCY. Were 11r. Oomenisrioner Gettlburn.) I>v rim LAW WCWSPAPIR COMPANY rIW Hr. This was • winding-up petition presented y . James Welter, described as a gentleman, of Clifford's Inn. The petition states that the company was ineorporated and neutered ia Deanne., 1808—the objects for which it was established being " the printing and publishing of a law newspaper , and the doing of all each other thine as wen In cide ntal or conducive to the attaining of the above objects." The nominal capital of the company was 6,0001., is 600101. share& Calls had been made to the fall amount. The registered offices of the company were at 49, Oarepstreet. The petitioner wet a shareholder and contri butory. The order was prayed on the ground that three fourths of the capital of the company was lost or had be come unavailable. Tx EH THI HON. WILLIAM GEORGE HOWARD. The bankrupt, who is nephew of the Fast of Wicklow, recently passed hi examination, and obtained his order of dieaberee. Being still in prism, he applied for hi rebus ; bat his Honour adjourned the application, in order that notice might be plea to the creditors. Yr. Sargood now renewed the application (under the 112th section of the old act), and stated that the requisite notices had bees given. A patinae, who said be was manager for Mr. S. Abra hams, wished to oppose, on the ground. that the bankrupt's ease was still under the insolvency kiriediation. Mr. Sargood stated that all the old detainers in the Queen's Priem which wensabjeot to the jariadictire of the Insolvent Court had been discharged, therefore there was as an end of the objection. His Honour granted the discharge. IN HI MACTIAMARA.—THE NORTH WOOLWICH GABDIPIL The bank opt, who bed kept the Pavilion Tavern sad (lades at North Woolwich, oarne to the court shortly dile the new act came into operation. There have been several adjournments with a view to a settlement of the case:out of mum and at a meedft of creditors recently held nadir the 185th section armdatiw in accordance therewith wu WM . & Mr Nerd now applied to the court to confirm the me lutioe of the creditors. Hi Honour inquired whether the bankrupt hat filed his balance-sheet. and being informed that he had not, said be should decline to confirm the order until he saw the tank• rapt's balancesdieet, aid knew the proportion of creditors out of the whole who bad sainted to the resolutioe. MIDDLESEX SESSIONS. min tha.) This morning the James? adjourned general sessions of the pease for that Mal 44 prisoners for offences coin milted in the sooty et /16eacx, commenced at the Swims Howe, Clariesawell-grews, before the insistent , judge, sad a bench of swegistratee. The aslesdar is noS way heavy, nor does it oontain any. thing of vary great iimporisen for trial. The number of prisoners for trial is elk of which 57 are chruged with felony, and 11 with misdemeanour. The state of the education Is thus defined-11 can neither read nor write, 20 can read. 33 can read and write imperfectly, 4 misread and write well. bat sons are desoribed as ofgauperior education. The grand toy having buss sworn acre dismissed to their duties. TIM POLICE COURTS. (THIS DAY.) YAWNION-HOUSE. TEI POROZZLIVI trPOIF THE HALM OM 11CS8IA. The three Polish Jews, Waf Harivitz, Chi ro &Ago*, sad Atreiween ere/septa'', who are charged with haring fel°• it their pemession a plate capable of engraving I f=2lmi.reable notes of the Imperial Bank of Russia. were this stonsieg broott g tefore the Lord Mayor, for re-exami ned°. upon that ILr. again attended to prosecute, on behalf of the Eeed goversmant. aad Mr. M'Donnell appeared for the primes. The proceedings appeared to create considerable satinet, end the oourt was crowded during the inquiry. It will be remembered that upon the former on casket it was proved that the prisoners were &PM" Undid by eoott and Brett, two of the City detectives. and that la their possession there were found • plate apabla at engraving forged ten rouble notes at the Bank et Ruda, and primes end all the necessary implements wore also traced to them capable of working • impreseires frost the plate. The primers ware remanded in order to afford time for the prodwalden of additional evidence. bin Neigh addressed his lordship at some length. nod,, staled the edam et the additional evidence he propose d to added* en the present occasion. It appeared that tip.* the premises had been under remand the officers engaged la the brink'', Scott and Brett, had aecertained that they bed all been wigged in procuring the 6=Zy k't•d• plates, that they were eseameed together. A qaaatity of forged teausabie weft that had evidently been struck bow, the tamed plate had On been toned . Another importan t tr.at "Mines had also been brought to Wit &I disesrmy at • piece of gotta perches th at had ism plass& in the hands et the persons in whose p' sooders it was bend by eon el the prisoners, in which wen cow eaP' A Pr° l prel atm Pa / Ti end hi wer Gel el rii nit lua ub O or : it ut; OI io el el he ae e: eej to it as • 111 iu • t. • a II ie of a- he of 1 7, i ale 111. eir dl, to log ere mi- the the hle at- are- re do • ftM sry ing for t ~~ a 0 .