The Express. — London, England, 1861-11-15 00:00:00

rt 2 01,1 411111TII AND CO PURE EXTRACT of CALVES' FEET, Yut lovable asul Cabman se. BM la lb. !a, sad be 'writes. by WI 46411• WW. /WM IL NAN ITACTOST. a, U7/11 ruan.Anwrr.. Writated.. W. §ICOND-HAND PIANOFOR.IIIB. CNA 11 ER, HE% LE. and WIND bow* • Ivrea maims' iseard.haod rimo.4..ttes. hy the ohm Weaned liaskars, at pm* tidneed prices —2l/1. kaiterd-anat gilt ExeprzgifS. _lo_ 001,1SAIFON D ILN Wigbilreisl ft "The Lewes." TA,mine Kv.simg I S be all 11:•=0, liouverliwireek 'A• Mae Ite ILATALLILIq, TIM 'Triun LAMB.-Ont AIllVIlle.Ol Col SIN. Moms. lodises. Ilu,kstog,e. Oboes. Clark Mrs. C. Yong sad 3104 L. 011.1:F.-And MY MI. MIA NUS OMUST.-Ctaimaana N 7. PSI /ICCor to s Orman. NNiff Eimi NC —Awl nitilltLio Mara 'Wham ltrtar. Jordan. Putter. chore, rod Cathcart Mama C. totainta Z. lacherati, aid llimorthy. IT. JAXIIM. TRH EYWIWO, A WtYICB .AL Mr. G. Yining and Mu. Kan. fory.—TUS NMI Sold-L) AN Hr. A. Wigan. —And KILL UK CI. AL brlnn•re. Robins, Vackerell, Y. Matta.... Mts. Y. Matesswa—Caninunacr BRITANNIA. Tim Emma. THE hone, sad Mrs. $ Luis. Troupe of Dap and Hooke), —H &Lair's —T lICCL LYS Or DIEubEuIEN(..E. Mr. J. earipwa.—Jud THL LLorALD.—Commmes M pin WATIN AT LONDON_ WOOL MN DU Illalos ft. Vi0k..... APII*OIII. al Sea T•4lll2loll.4liiinis 1k 0a.... Miness% IL Va. LONDON, FRIDAY, NOV. 15. TO OUR READER/3. SPORTING INTELLIOENCR. A ;ate edition of the Express is published every evening during the racing season, containing the results of the day's races. Tile spectacle of a great potentate at the sum mit of his power voluntarily divesting himself of superfluous prerogative is iiresistibly attractive. The Emperor NAPOLEON is a potentate of a greatness beyond our common measure. Standards adjusted to ordinary humanity fail when applied to one who, sa President TROPLONO told the Senate, "belongs to the number of those grand, " and rare individuals who are less human beings " than the personification of a people." But, great as he is, the Eviresios finds he has too much , power for the good of his people. He is more than willing, he is anxious, to resign a portion of it. He condemns, repudiates, and, were they not his own creation, we should say accuses the rights which he possesses under the Imperial constitution. The aspect of this self-abnegation is very im posing. Yet the phenomenon is so rare that we may be excused for examining it somewhat closely. The Eurssoa proclaims to France that he is led solely by • cessideration of the interests of the na tion to abandon a right which all French sovereigns have enjoyed before him. "Faithful to my " origin, I neither regard my prerogatives as • " sacred deposit which cannot be touched, nor as " a heritage from my ancestors, which must be " transmitted intact to my son. Elected by the " people, and representing their interests, I shall " always abandon without regret every preroga. " bye useless for the good of the public, while I " shall likewise preserve unshaken in my hands " all power which is indispensable for the tran. ! " guiltily and prosperity of the country." But is it • right or a responsibility of which the Em maus is so anxious to divest himself I A glance at the extracts from the Moniker, given in an other column, supplies the answer to this impor tant question. It is there shown that the prero gative of uncontrolled expenditure is only sur rendered at a moment when it is found that it can be no longer abused. The explanation is con tained in one fact—A REMIT OP FORTY MILLION/ wrzauso. M. FOULD says correctly, that the sys tem of extraordinary credits has brought the Treasury to this state of insolvency, in spite of heavy and frequent loans. The Enrcaos peni tently rejoins that ho has been led astray by ex cessive power, and acknowledges the necessity of confining the budget within the fixed limits. "And " to obtain this end," he says, " the ouly efficaci " ous means is to abandon once for all the power " which I passer, of opening • fresh credit in the " absence of the Chambers." Most tow, and far be it from us to say that the effective supervision of the estimates by such representatives as France is permitted to elect may not be worth forty millions. This is a kind of traffic with which our ancestors were familiar, and the ERPILROIeII letter recalls to the English mind the era of the Puorritissirra, when bits of prerogative were exchanged for sacks of wool to the advantage of both parties. of course there is nothing surprising in this collapse of the Imperial system of finance. Notting but its date was ever uncertain. The bad harvest probably has made it fall in this year instead of neat ; but sooner or later it was inevitable. The Bourse seems so thoroughly to have seized the idea that nothing could be worse than the exist ing state of things that the first announcement of a change led to • rise. Another great loan, of course, will be issued, and thereattr the money of the State niust be spent only according to the votes of the legislative bodies. For foreigners all over Europe this news has great interest. We, of course, feel a special pleasure in any the least approximation to responsible :,overnment in • country so near to us and so influential as France. We have such faith in the benefits which attend discussion and publicity in any country where Parliamentary institutions are ho nestly worked out, that we cannot but be glad to see France likely to enjoy them in larger measure. But besides this sympathetic feeling, we have, in common with every European people, a positive and direct interest in the discus sion of the French Budget by the Representatives of the French nation—an interest of the kind re ferred to by M. Forts. That Minister very pro perly points out that the necessity of keeping up immense armaments, iu which the neighbours of France find themselves placed, is intimately re fated to the grasp of all the resources of the Em pire by one hand. "To renounce this power, " which is more apparent than real," says M. Foren, "more menacing than useful, would not " only give confidence to France, bat would calm " the uneasiness of Europe." The English press has said this • thousand times, and we are therefore well pleased to find the Finance Minister of the EMPUIIOII writing so sensibly. If his words were followed up by an effective reduc tion of the Army and Navy, we might obtain not only a sentimental satisfaction but a real relief from the burden of our aggravated belligerent expen diture. The Italians, too, will read the Enflames letter with peculiar interest, and will now be able to judge more accurately of the probability of French assistance for the deliverance of Venice in the spring. If the chances of that event seem diminished, M. F4ll-1.01 expand at say rate fur nishes another and powerful reason for the termi nation of that intervention at Rome which at great cost to France is depriving the Italians of their THE EXPRESS, capital, and prolonging the hopes of faction in aides. We have spoken of these changes in the govern ment of France as if their accomplishment were easy and sure. Time, however, must show whether the transfer of • 'power so important as the control of the public expenditure will be final, or whether the prerogative which it is just now so inconvenient to retain will not be recovered when present difficulties have passed away. It re mains to be seen whether the French Imperial system will admit the supremacy of the Corps Legislatif in matters of finance. Ministers in France are not responsible to the representa tives of the people. The government is the Ex rums., and opposition to the budget is opposition to him. If the Chamber, through the exercise of the right which the EMPEROR would gladly force upon it, become a real institution, would Louis Nsrut.•oN still have the means of satisfying the expectations which he excited when he ascended the throne as representing the unlimited central force of French Demo cracy ? Will he still be answerable for the abun dance of employment when he can no longer create boundless expenditure by a stroke of his pen I' Will he be required to make bread cheaper in seasons of scarcity when he is deprived of the means of regulating importations of corn I On these and many other questions which readily pre sent themselves we must wait for further means of information. Or Court. WINDSOR CASTLE, Nov. 14. The Queen, attended by Lady Augusta Bruce, walked in the /lows Park Ws morale& A deputation to support a memorial ou the New Educa tional Code already mat to Eetl Granville, from the clergy .4 the Deaaery of Steamy, Loodua, had an interview yesterday with the Lord President, at the Privy Council• office. A deputation of gentlemen connected with the eastern province of the colony of the Cape of Good Hops had an iota 410 W with the Duke of Newcastle yesterday, respect. ing local government for the eastern provisos. The Chancellor of the Exchequer, with Mrs. and Mime Chigoes, left town yesterday on a visit to the Duke of Devonshire, at Chatsworth. A deputation from the Guardians of the Hambkdon Union, consisting of Mr. J. Park Harrison and Mr. T. Lyon Thurlow, kiwi an interview with the Right Hon. C. P. Villiers, yesterday, at the office of the Poor Law Board. es were received yesterday at the Colonial-office fro p m es tri k a h overnors of the West India Islands, theAustralisa Colordes, Ceylon, Hoeg Koog, sad Malta. Csinnwr Courcn,--Summonses were issued yes terday to the several members of the cabinet for a council this afternoon at 3 o'clock, at Lord Palmer ston's official residence in Downing-street. The Duke and Duchess of Buccleuch hale left Drumleurig Castle for Bev/hill, Selkirk. The biarquia and Marchioness of Normanby hare returned to Hamilton Lodge, Kensington, from *nat io' the Earl sad Countess of Derby at Kaoweloy Park, lAnesehire. The Karl and Countess of Carnarvon have armed fa two two Wexler* Ostle, Haut& The Karl and Countess of Clarendon have left Groevesor-erwett for the Grove, ow Watford. Viscount Chelsea has arrived in Cadogan-place, from a tour of visits. Lord and Lady Wenlock have left Thomas's Hotel, Berkeley-square, for F./crick Park, Yorkshire. Lord de Liale and Du<lley Was left the St. George's Hotel. Lidy Herbert and the Hon. Mimes Herben; hare left Beler►ve-gears for Dover, oo their way to the Continent. The Hon. A. and Lady Harriet Vernon have arrived in Upper Belsms-street tram a tear of visite. The Right Hon. T. Milner Gibson leaves town to-morrow for his seat. Thebertow Howse, Suffunc. The Duke of Devonshire during the past week entertained • distinguished party of visitors at Chatsworth, including, in addition to all the membered the noble duke's family, Lord Vernon and Ludy Vernon, the Hoe. Miss Warren Vernon, Sir Charles and Lady Mary Wood and Miss Wood, the Han. Lessem Hewn, tie Hon. Mr. Erskine, and Signor Patella. Amongst the donors to the National Shakeeperian Fund of the teat few days are the Marquis of Lansdowne, £5O; Lord Northampton, F 100; Professor Thompson of Cambridge. ; Mr. Charles Lew £2O; Mr. Ewart, M.P., ; Mr. Thomas Watts, of the Britiah NUMMI, I:20. The sureeriptioes sow amount to ri,766. A. K. H. B.'s gonnipping articles in Fraser's M494:111s ass sow printed simulameouely io the Atlantic MoslAly. Mr. Boyd'. papas appear to meet with lii3h favour in America. Mr. How:tt is writing • history of Spiritualism, which he will 'stills, "Glessiose io the Cornfields of Spiritualism." The lotsj 7 expectetl memoir of John Willson (" Christopher North ") is at last ennouriced by N. Llosoestas sad Douglas as " is preparation by hi. daughter. Mrs. Gardoo, compiled from family met., wit► • seisr ties hem his correspoodame." . --- - The award of the royal medals by the council of the Royal Society for the prevent year embraces physi ology sod anathematise. Dr. W. B. Carpenter, F.R.S., registrar of the University of Loodon, is to have or mod Yr. Sylvester. a erotism at the Royal Military Aoadeson Woolwich, the other. The Copley medal—the chief seiontibe honour in the gift of the Royal Society—is awarded to Professor Louis Aquila These medals will be gives away at the approaching &universal/ meeting of the Royal Society oa the 30th inst. Interesting artistical sod archteological disco veries castanet to be made in Rome, where it appears impossilds to peoeteste the soil • few feet below it. pre lad Meet. w timid briosiog to light some thole memotial of its sseiest iobabitsats. The present session of the College Historical Rneiety, Dublin, was inaugurated on Wednesday eveniog in the dieing hall, Trinity Collsp. A large number of dim tieguislied members of the various profession. were present, sad the hall was crowded with students sod others who went to MMus the proesedicp, which generally excite much interest. The chair was taken by the President, Mr. J. Napier, e:-Chancellor of Ireland. It is stated that all the messages sent from Eng land by the Yalta and Alexandria cable to catch the lodia mail which left Marseilles ea the fith inst. were duly re. ceived in time for traawnimioe by that steamer. The line a mid to continue to wait we, sad the tat& is daily in enemas. Os his late visit to Cacho, which with all its natursl beauty he describes.. "• complete quagmire" after rain, the Bishop cf Clentils laid the first stone of a new Church which he sensed St. Andrew's, bezause the super nteedeat and the majority of the neighbouring tea-planters are Seutchmen. His visit to Sylbet " was somewhat unsatis factory, owing to the very swill opportunity which the residents seemed inclined to give for ■oy intercourse or in quiry into the wants of the station." The Bishop hopes to be soon able to recommend the appointment of one chaplain for the three stations of Syihet, Caches., and Chsrrapooejss• f a his visitation, the Bishop's steamer was half filled with the "somewhat ucepiscopal cargo of opium.* . . The Parislard,a l , a, native paper in India, is very sarcastic on the Maharajah of Bard's°, for his supposed opposition to native interests. "We heard that he, with hie lady, has embraced the Brahmo religion, but there has sot been the slightest diminution in the celebration of idolatrous ceremonies, adoration of household divini the—Kali Pujab and the rest. He has concluded in his mind, that e ther Christ or Krishna, Kali or Brahma, ow or other of three, is sure to save him. Such a great man as he is—the Maharajah of Berdwaa—iv one god or bait of a god able t save him?" He is so unpatriotic as to take so Bengali newspaper. The writer needed's, "Oh! wretched Bongs!! for what sin of thine dolt thou give birth to such unworthy son•!" AoOortling to the last advice§ from Valparaiso, as avid of the Pacific Nail Steam Navigation Company was at that port making arrangements for establishing • mail steam packet communication between the South Pacific and South Atlantic porta, vii the Straits of Magellan, and for which the company will receive ► subsidy contributed by Great Britain, Brand, Buenos Ayres, Chili, and Perms FRIDAY EVENING, I ATEST INTELLIGENCE. FRENCH FINANCE. The following is the text of the letter of the Emperor Napoleon, a summary of which, re ceived by electric telegraph, appeared in last evening's Express: Palace of Campiigo., Nov. 12. Monsieur le Ministre,—The opinion expressed this morn• ing on our financial situation by M. Fould, in the sitting of the Privy Council and of the Council of Ministers, has my full approbation. For some time past, as you are aware, my great desire has been to confine the budget within stated limits, and often,wheo presiding over the Council of State, I have ex pressed my desire to that effect. Unfortunately, unforeseen circumstances and ever•in creasing necessities have prevented me from secur ing that result. The only effectual means of attaining the end in view is resolutely to abandon the faculty which belongs to me of opening new credits in the absence of the Cham bers. That system will work without prejudice to the state, if, after an attentive examination of possible eosin). mica, a candid explanation of the real requirements of the administration persuades the Legislative Body of the neces sity of properly providing for the different services. I now therefore inform you of my intention to convoke the Senate on the 2nd of December, to inform it of my determination of relinquishing the power of opening, in the interval between the sessions, supplementary or extra ordinary credits. That resolution will form part of a Senatus-Coosultum, which, according to my promise, wit , regulate by great sections the vote of the budget of the different ministries. In renouncing the right, which wu also even that al the constitutional sovereigns who preceded me, I think I am resolving on a worse useful to the good management of our fiascoes. Faithful to my origin, I cannot regard the prero gatives of the crown either as a sacred deposit which can not be touched, or as an inheritance from my fathers which must be transmitted intact to my sou. As the elect of the people, and representing their interests, I shall always abandon without regret any prerogative useless to the pub lic welfare, in the same way u I shall preserve unshake able in my hands all power indispcolable to the tranquillity and prosperity of the country. On this, Monsieur le Ministrc, I pray God to have you in his holy keeping. NeroLgoN. The Eruperoi'm letter to M. Achille Fould is as follows: Palace of Compi;tae, Nov. 4. My dear Monsieur Fould,—You pointed out with so much lucidity before the Privy Council and the Council of Ministers a danger to my government, and you supportcd your opinion by arguments of so convincing a nature, that I am decided on completely adopting your ideas, and on causing your rnemoire to be inserted in the Moisireur. I accept your system the more willingly from the fact that for a long time I have sought, as you know, the means of solidly establishing the credit of the state, by con. fining the ministers within the regulated budget. But the new system will not work with advantage unless the man who has been able to study profoundly all the difficulties of it will resolve to devote himself to its execution. I there fore charge you with the portfolio of finance, and I thank you for undertaking the teak, the results of which will be favourable to the goners' interests. I am persutdcd that in this new position you will not cease to give me, P. here tofore, proofs of devotedness and patriotism. Receive, my dear Monsieur Fould, tbe assurance of my sincere friendship, NAPOLIOI. The report of M. Fould to the Emperor, which was read in the sitting of the Privy Council and of the Council of Ministers at the Tuileries, on Tuesday last, is a document of great length, occupying nearly seven columns of the Monsieur. The report commences with a review of the ad ministration of French finances previous to the Senates Consultum of December 25, 1862, which it is now proposed to modify. The nature of this Senates Collodium referred to is then described, and various theories of reform are separately dui. cussed and condemned. When, he says, the most rigorous division of the budget by special chapters was exacted, as from 1840 to 1847, the equilibrium was not better maintained than it is now. I have now before me an account of the supplementary and extraordinary credits opened in those eight years. They amount to nearly 1,200,000,030 fr., deduction being made of the credits annulled, or about 150,000,0001 r. • year. It is true that the years 1840 and 1841 required extraordinary expenses on amount of the crisis occasioned by the Eastern question, and that the budgets of War and Marine were exceptionally bi3l2 in those two years. If we compare with that period the eight years from 1851 to 1858, it must be admitted that the expenses &ring the, latter interval were more considerable, but ac count must be taken of the Eastern war, which has weighed so heavily on our finances. From 1651 to 1858, the supplementary and extraordinary credits amounted to not less than 2,403 millions, averai,ing 303 millions a year. Deducting the expenditure occasioned by the war in the East, which amounted to 1,348 millions, there will remain, for the second period, 1,0C3 millions of supplementary and extniordioary credits, or about 130 millions • year. The justice of this comparison could not be fairly wailed by objecting that the extraordinary expenditure of 1840.1841 modified its terms, for, as • compensation, the occupation of Rome has, from 1851 to 1858. b :en an uninte.eupted charge on our budgets. The difference between the two periods is , moreover, in favour of the latter. It is partly explained by the faculty of transfers from one account to another, which existed from 1853 to 1856. N. Fulda proceeds to state that he attaches the greatest importance to the system of transfers, the use of which must be re-established, though the system has been so unfavourably viewed by the Council of State and the Administration of Finance. They will prevent, not only the opening of supple mentary credits in the absence of the Chambers, but also the opening of extraordinary credits. He continues : The complaints made asallet the administration of or, financed, and the experience of the last few years, have not changed my views. I desire in 18.52, as I desire now, the suppression of extraordinary and supplementary credit s apart from the vote of the legislature, for you- Majesty will permit me to say on this subject all I think. The real danger fur our finances is in the liberty which the govern ment possesses of decreeing expenses without the control of the legislative power ; and as has been justly said, nothing is more difficult than to struggle against the most legitimate of desires—that of making useful expellees. With a budget well arranged, and in which all the ser vices should be sufficiently provided for, the abandonment of that prerogative won't, not present any inconvenience in the despatch of public business. A great neighbouring country has given the executive government the latitude of disbursing any sum whatever without a previous vote. and yet the special appliottion of the stuns voted by the parliament is absolute. The number of chapters inscribed is the budget is about 240. The Ministers of Marine and War alone, on account of their services being disseminated over all the surface of the globe, have the power of nicking transfers, and those operations which must be submitted to parliament are surrounded with excerively minute con. ditions In all countries where the representative system pre vails, especially in Belgium and Holland, the seine thins occur,. I seek examples which might be cited against my opinion; I endeavour to figure to myself sudden necessities ; and I do not discover a tingle objection which may not be easily met. A public calamity occurs in the absence of the Chambers—the funds of the Ministry of the Interior and of the Ministry of Agriculture and Commerce are ready to afford the first rundown by means of transfers. A war becomes tieceseary ; the government can concentrate on • single service the active forces of the Ministries of War and Marine, the resources of which amount to no leas than 100 or WO minims per annum. Moreover, in such eventualities the Emperor would hasten to convoke the Legislatiea Body, and he might rely on its support, all the more absolute as the occasion should be more urgent. M. Fould proceeds to argue that the right which the constitution has reserved to the Legislative Body of voting the taxes is almost illusory if things are to remain in their present state. " Might not we," be says, " question even the utility of discussing the budget in the Council of State and in the Login. NOVEMBER lair* Body, if, in spite of the reductions accepted or imposed, the Government can, after the session, increase the expenditure of every kind 1" The supplementary and extra ordinary credits, which were 83,000,000 fr. in 1859, rose to 115,000,0001 r. in 1860, and in 1861 they approach 200,000,000 fr., without counting those which must be opened in consequence of the dear nes. of provisions. It has beeu seen with regret that the most considerable of these credits have been opened immediately after the session. In studying the financial question, it is easy to foresee that, without a change of system, France will soon be beset with serious embarrassments. The eight years from 1851 to 1858 have opened extra ordinary credits to the amount of 2,400 millions. If to this sum be added 400 millions for the three years 1859, 1860, and 1861, it will be seen to what extent the public debt and the deficits of the Treasury have increased. To meet three circuses recourse has been C had to every form of credit, and with the assent of the public powers the resources of special establishments under the direc tion of the state have been utilised. The loans nego tiated in 1851, 1855, and 1859 amount to no less than 2,030 millions. When the bank privilege was renewed, the Treasury absorbed the 100 millions of additional capital imposed on that establishment. The Army Befallen Fund, which had received 135 millions, saw all its assets absorbed by the Treasury, which gave mum iptions of Recite for them. Lastly, recourse has been had to a new mode of loan, the Trentenary Obligations, of which 132 millions have been issued this year. The public has subscribed to these loans with great eagerases, but it would be indul3ing dangerous illusions to rely indefinitely on the development of the national credit. The state of credit ou 3 ht the more to attract your Majesty's attention from the fact that the situation of the dueness preoccupies everybody. In the last discussion of the budget, it was calculated that the deficits (decouverts) must amount at the end of the year to nearly t,00p,000,c,a flaws, and that figure is certainly not exaggerated. The Legislative Body and the Senate have already expressed disquietude on the subject. The same sentiment haa spread among the class of betimes men, all of whom predict and encomia a crisis all the graver from the cite cumstance that, follow:n3 the example of the state, and with an object of amelioration and progress, perhaps too precipitate, departments, towns, and companies have launched into very considerable expenses. The real means of conjuring away that crisis is to act with promptitude and decision, and to remove the source of the evil by suppressing the supplementary and sit:midi nary credits. His Majesty's prerogative has created grave dif ficulties at home, by encouraging communes and private persons to make demands of all kinds, and abroad it compels the neighbours of France to keep up immense armaments. They are only resseured by collecting forces superior to those by which they fancy themselves threatened, and which their alarm exaggerates. This fear also is perhaps now the only bond which still uo;tes in one common sentiment the populations of Europe, whom their institutions and their interests would tend to separate. There is no absurd calumny which will not be believed, no sinister projects which will not find credit among them. Your Majesty, by spontaneously relinquishing this power —more apparent than real, more threateninglthan effective— would therefore not only restore confidence to France, but you would allay the apprehensions of Europe, and remove all pretexts for hostile intentions. When it shoed be seen that the expenditure of the army and the navy are sub mitted to the regular vote] of the legislature, it would be impossible for any power to fancy itself in danger of • sudden and unforeseen attack ; governments wou'd no longer be inclined to those ruinous struggles which impel them, in mutual rivals', to military armaments and pre parations; the populations would no longer witness the annual increase of their burdens, which excites them against France, and the odium of which it is attempted to throw on the Emperor. All then beximes easy, esenwity is re. established, resources are developed, the embarressmente of the present situation regulate themselves on suitable con. ditioes, and after basing provided for the exigencies of the past, there is no longer any fear of seeing them return. Admitting, even against all probability, that from a state of perfect peace Europe should suddenly pass to one of war, the abandonment which the Emperor would have made of his prerogative, as far as regards the public expenses, would be in my opinion,without danger. Which, in fact, has been at all times the power the seemed ready to take the field? History is there to reply that it is France. The warlike habits of the nation, its love of glory, its confidence in the chief it has given itself, are • sure guarantee that such will be the case. Never has our country remained deaf to the first cry of war, and it has always surprised its enemies by the rapidity of it. armaments, and the sudden and Wreak. table explosion of its energy. Your Majesty will not have forgotten the immense enthusiasm which was displayed on your departure fur Italy. You will always find similar en thusiasm, and you may be asaurod of the loyal and devoted co-operation of all the great bodies of the state, whenever the interest of France or that of your dynasty may require an extraordinary effort. The vote of the budget by the divisi on of the services of each minixtry would only present an incomplete guarantee against the return of the system of acting on the impulse of the moment, which is the cause of the present embarrassments. Ina financial point of view such a change would only present very doubtful efficacy, and iu a poli tical point of view it would offer grave incon veniences. "It is, therefore," concludes the new Minister of Finance, " with a profound convic tion that I beg your Majesty to adopt another plan more conformable to our institutions, and much more worthy of the grandeur of your character. In restoring to the Legislative Body its most incon testable attributions, the emperor would solidarise himself with his government ; he would obtain as the price of that concession a budget in which the grants would be much more in ratio with the real wants. In a word, your Majesty would realise in the moat certain manner the idea, full of foresight, which inspired the decree of the 24th November." The above documents are followed in the Monitenr by two Imperial decrees ; one naming M. Fould to the post of Minister of Finance, in the room of M. de Forcade, whose resignation is accepted ; and the other nominating M. de Forcade to the dignity of senator. The Debate of to-day observes that the political aspect of this reform is highly encouraging to the friends of constitutional government, and will he, it hopes, the pledge of a return of France towards truly constitutional institutions. The &Me reserves its criticisms, observing, how ever, that the vote by great sections, mentioned in the Emperor's letter to M. Walewski, is not suffi ciently explained. The Freese especially thanks M. Fould for his courage and for the distinctness with which he has placed his views before the Emperor. It sees in some of its allusions an indication of the fact, that the reduction or disarmament of a part of the army is under discussion. "It is from this side," says the Prase, "and this side alone, that any sensible relief of the public expenses can come." (airmen manums.) FRANCE. PARIS, Nov. 15. The Constitutionnel of this morning, in an article signed by Dr. Veron, states that the report that M. Fould's programme included a project for a loan is unfounded. ITALY. MAIN, Nov. 14, EVININo. The Nationdstes of to-day asserts that Signor Ratazsi has obtained the intervention of the Em. peror in order to decide Francis 11. to quit Rome shortly. 1861. THE BANK OF FRANCE. PARIS, Nov. 15. The Moniteur of to-day publishes the usual monthly return of the Bank of France, which shows the following results as compared with the October return : 15, Dwarfs'. Cash in hand Bank notes 37f ,t Treasury balance Current accounts Advances IscasAaL Bills discounted, not yet due 27 The amount of Rentes and other convertible funds iu the hands of the Bank remains unchanged. The following telegram has been received at Mr. Renter's; office from the Peninsular and Oriental Steam Navigation Company, Nov. 15 BOMBAY MAIL The Mooltan left Alexandria on the evening of the 12th inst, for Southampton. The Sultan left Alexandria on the morning of the 13th for Mar seilles. EXPRESS FROM PARIS. (nom oul owu coluarcorom.) PARIS, THURSDAY EVIIMIG. I agree with the Pays that the wonderful con fession of bad government which the Meniteur is reduced to make this morning (these, of course, are not the Pays' very words) is the " greatest event of this reign." Wonderful, indeed, it is to find the Emperor " entirely approving " a state paper drawn up by his new finance minister appointed this morning, which admits that hitherto the control of the public expenditure by the representatives of the people has been "almost illusory ;" that iu the ex ercise of the dangerous faculty (now to be abolished) of raising money by supplementary credits " legality has not always been observed ;" that fur the last four years things have been going from bad to worse ; that the " supplementary credits," that is to say, the public money spent by the authority of the executive alone, was 83 millions in 1859, 115 in 1860, and 200 in 1861 ; that the greater part of these supplementary credits were systematically taken immediately after the pro rogation of parliament, and therefore with the intention of evading the only legal sanction of the expenditure; that " nothing but a thorough change of system can save the nation from the most serious embarrassment ;" that it is a " dangerous illusion" to rely upon the readiness with which loam have been subscribed as an argu ment for the unlimited development of credit ; that there is a " general appreheraion of a crisis ;" that foreign nations are constrained to arm from appre hension of the Emperor's unlimited power to dis pose of all tLe resources of France ; and that the reforms which be now demands, and which the Em peror promises unconditionally to make, will "re store confidence to France and stay the uneasiness of Europe." During the years referred to by M. Fould, I have often, in the discharge of my humble duties as a correspondent, thrown doubts upon the accuracy of the annually recurring smooth state ments of the budget, and I have taken rank with the " mischief-makers and libellers," who are repre sented by a certain party in England as perpetually endeavouring to excite a bad feeling against France. But in all my guesses at the truth, founded of course upon imperfect information, I never said anything half so bad as what is now disclosed to the world on the very highest authority. This consi deration enables me now, with the more confidence, still to play the part of a Killjoy, and, in the in terest of truth alone, to assert that the present reform, good as it is, has only been resorted to as a desperate measure to remedy a long-concealed and positively appalling situation. Not only are the public finances in frightful disorder, but the Emperor's private debts have swollen to an amount which can no longer be endured. M. Fould is the only man whose credit can relieve the pressing emergencies of the situation, and, therefore, in spite of female influence, iu spite of the conve nience of having for finance minister a mere clerk who will do as lie is told, M. Fould has been sent for, and is allowed to make his own conditions. I am disposed to think that the country may benefit by the great change brought about by this pressing urgency, but increased taxation is inevitable, as is also in substance and reality a " loan," although the name may possibly be disguised in the new measures which must be resorted to for raising the wind. The Bourse, in consequence of the news in the Moniker, more than regained the fall of yesterday. Rente rose Wc. for cash, and 60c. for account, closing at G9fr. 40c. and 69fr. 60c. Mobilier rose 18fr. 75c., and the Italian Loan 40c. The Lyous Railway rose 10fr., Southern llfr. 25c., and the other lines from 21r. Wc. to sfr. The delay in the departure of the Marquis de Lavalette for Rome is caused by the illness of the marchioness. He will leave the moment the health of Mme. de Lavalette allows him. The King of Italy has returned to Turin from his excursion to AMOS'. A letter from Rome of the 9th says :—" The Civits Vecchia Railway has this day recommenced traffic along the whole line, with the exception of a break at the Zambra torrent, which travellers have to cross on a hand bridge. Two trains are to leave ltonie every day, perform ing the trip in four hours and a half, instead of two and • half as before the damage produced by the recent storm. The post-road has also been rendered practicable, thanks to the active co-operation of several thousands of French soldiers in the work. The garrison here is to be strength ened by two extra regiments, forming altogether three divisions." A correspondent writes from lamidt on the 4th to the Levant Herald:—" His Majesty the Sultan reached Packs Chieflik, the estate of Mehemet Ali Packs, on the 2rith, and remained there till the 30th, enjoying some excellent shooting, which abounds in the neighbourhood. On Wednesday, in company with the Capitan Packs, he visited first the mosque founded by Sultan Durkee, the second of the reign Mg dy nasty ; and, afterwards, the cloth factory and the dockyard, where he laid the keel of the new screw frigate. He then dined and spent the night in the kiosk, embarking on Thursday morning on board the Medjidieh, which steamed off shortly afterwards for the capital, closely followed by the Tad, with the imperial suite." A lodge of Manchester Unity Odd Fellows is in course of formation in Pere. We (Levant Herald, Nov. 5) are informed that a fair number of members have already been enrolled, and the report, which was read at the ad journed meeting held at the Bulbul Cali on Saturday, was considered most satisfactory. This excellent friendly society will prove of great advsntage to a large class of our British residents, and we wish it every success. A letter from Hayti states that a concordat be tween the Pope and President delirard has been published at Port en-Prince. It creates an Archbishop of Hayti awl four bishops, all named by the Pope, who, by a spechtl article, has reserved the right of choosing whits men for these dignities. The permanent commission of the rifle shooting establishment formed at Vincennes, and which is presided over by General Guiod, received from the Emperor eight English rifles of the Whitworth system, with orders to have experiments made with them. These trials commenced three or four days ago at the Polygon, and are being actively con. Coiled. Eight of the beet shots is the garrison at Vincennes have been selected to try these guns in presence of the commission. NAIRA ABSILUZIN L.r.au Blutwica icanosa ba.LwAir BoAtuoutwooli Livaapoot, VALLITIA 4iolaunowi VAJUIOUTZ Losoos Dovni PusxaOOta .. Pwinkrn Mumma ... Purza.icis te.361 td.6B 29.68 N.N.W. M.N.& N.W. N.W. W. W.N W. N.N.W. W.N.W. N.W. N.W. EX . PLA . NATION, B.—Barometer correciaTiandreKti to 32 deg. at mean sea level ; each 10 feet, of vertical rise, causing about one-hundredth of an loch diminution ; and each 10 deg., above 32 deg., causing nearly three.hundredths increase. E.—F.spoacd thermometer In shade. IL—lid/tined bulb (for evaporation and dew point). D.—Direction of wind ; true—two points left of mag. nate:. le—Force 12—estimated). C.—Ciond (1 to 9). 1.--• Initials : b, blue sky c, clouds (detached): f, fog; h, lightning. m, misty (Mull o. overcast (dull ) r, rain; s, snow : t, thunder. 8.-oesdisturbanoe Ito 9). Z..--Calm. PIMITIOCT TO VMS INPORT. PROBABLZ INFORM MONDAY. N. Britain—F. to N.—Dale, N.& to N.W.—Strong, snowy. rain, snow, then 'strong. Irehuid—N.E. to N.W. and W. N.N.E. to W.—Moderate to —Moderate or variable. strong. Coset—N.E., to N., and W. N.N. W. to &W. Fresh. —Gale, strong, snow, rain. showers. B. England—N.W. to B.W. N.N.W. to B.S.W.—Moderahl Moderato to strong. raw, to strong, showery. some snow. The Prince de Ligne has been re-elected President of the Belgian Senate by 42 votes to 4, being the tenth tune he has been so honoured. The Kmieclliste, of Rouen, says :—" In our last agricultural review we prognostimited the moment when England, pressed by want, would again ask from France the corn she had seat her. This singular sending and fetching begins to operate, if we may believe a letter from Nantes, which states that several English vessels which had entered that port with cargoes of corn had received orders by tele• graph to bring them back intact to England. It is probable that this kind of cross-speculatioa will cost our English neighbours dear." Tag IRISH POTATO CROP. —The Free /A4l Journal of yesterday, in an article on the failure of the potato crop, saps:—•• The potato crop is now dug out, sod the result had been anticipated. More than one-half le gone, and whether the remainder will stand in close pits, excludiag the slightest approach of sir, remains to be seen. ' In the provincial papers we find that some localities had been visited lees severely than others, and our country friends draw general conclusions about ' things being much better than they bad been represented.' We wish we could join in the encouragement, and hold nut a hope of im provement. But we cannot. The staple food of the ' country has been already reduced one-half, an estimate in which farmers, boards of guardians, and landed proprietors concur, while io some districts it would not be extravagant to &seers that, so far from a portion of the crop being avail• able for food, the people will not have sufficient for seed. It is useless to disguise the fact, and the government should take instant steps, in concert with proprietors, to give em ployment during the ensuing year. The poor-law would suffice for the relief of ordinary pauperism, but there is a class for whom the union workhouse was never intended, and that class comprehends nearly all the alde•badied labour of the country and a great Dumber of small farmers. The latter will suffer seriously, and unless !milord' remit II portion of their rents the consequences will be no less die• estrous to laudlorde than to tenants.•" THE ELECTION FOR PIIIBBURT.—( THIS DAY.) Although the death of Mr. Thomas Buncombe was only fully made known this morning, the different par. ties interested in political matters in the borough have already begun to look about for an eligible candidate. The Nonconformist party, it is understood. would like to fight the battle with Mr. Samuel Morley as their champion. Mr. Torrens M`Cullagh has also been freely spoken of. Mr. Serjeant Parry declines to undertake the contest. Should Mr. Montagu Chambers came forward, a very large section of the voters would sup. port him. Another gentleman spoken of as a probable can didate is Mr. W. Campbell Sleigh, the barrister. DEATH OP MR. THOMAS S. DUNCOMBE, Y.P. FOR FINSBURY. This well-known and popular metropolitan re presentative died suddenly on Wednesday morning, at Lancing, near Brighton. The deceased gentleman had for some time suffered from chronic bronchitis. The Mime. diete cause of death, however, was disease of the heart. With the exception of • slight swelling of the snare Mr. Buncombe had not exhibited any symptoms calculated to alarm his friends. But on Sunday even ing, feeling rather more unwell than usual, he tele graphed to his medical adviser, who visited him immedi ately, and remained in attendance till the clime. Mr. Dun. combo has represented Finsbury since having been a member of the legislature for more than thirty years. He was sixty-five years of age at his death. At • meeting of the members of the London Politic"! Union last evening at Anderton's Hotel, the chairman, Mr. Noble, announced the event with deep regret, and Mr. Lucraf t moved the following resolution, which was seconded by Mr. Wallange, and carried unanimously :—" That this meeting has heard with sincere regret of the sudden death of Thomas Blingsby Buncombe, Esq., M.P., and desires to record without delay its high sense of his long, courageous, and faithful services, his devotion to the liberties of the people, religious as wall as civil, and especially his indefatigable exertions in the cause of parlia mentary reform, in most unfavourable times, on the basis of manhood suffrage, and that this meeting recommends to the working classes of this country, and especially of the metropolis, to take effectual measures to honour the memory of thin distinguished champion of their political rights." The mover of the resolution explained that he meaut by the expression " honour the memory," that the working classes shosid hasten to secure for themselves the rights Mr. Buncombe Yd so long demanded for them. GALLANT LIFEBOAT SERVICES. RESCUE OF EIGHTEEN SHIPWRECKED PERSONS. LOWESTOFT, Tnuatinar Mawr. This morning (says Captain Joachim, R.N.) at Mae o'clock, the Lowestoft lifeboat, in mane:ion with the National Lifeboat Institution, was launched to the rescue of two vessels riding to windward of the Holm Sand. They were lying close to the breakers of that rod. The pie was at the time very heavy, and the two vessels were expected to be blown every moment on the sand, where the destruction of everyone on board would be inevitable. The first vessel was the Whim, a pilot cutter, with seven men no board. The harbour steam tug had gone out to waist her, but was quite unable to venture even near her ; but the lifeboat having anchored to windward of the cutter, and having dropped down, was enabled to take her crew out. The lifeboat having been hauled up to her anchor, the steam tog removed her to windward, when the boat was again fortunately enabled to repeat a similar mer ciful operation in rescuing the crew of eleven men of the Haney Lam, a fishing lugger. By the assistance of the steamtug the lifeboat was again, for the third time, re moved from her perilous position. and, I am happy to inform you, landed the eighteen handy all safe. I have great pleasure on reporting the gallant, skilful conduct of the boat's crew, with two of the North Sea pilota who favoured us with their assistance. I must add that without the valuable aid of the steam tug we could not have accomplished these important services to suffering humanity. It may be mentioned that Captain Joachim has been instrumental himself in rescuing a large number of ship wrecked persons, and hail previously received the silver medal, second service clasp, of the National Lifeboat Insti tution in acknowledgment of his gallant services. It is also worthy of notice, at this season of the rear, that the lifeboats of theiNational Lifeboat Institution have been instrumental during the last 22 months in rescuing 475 shipwrecked persons from a watery grave. RESIGNATION Or THIARMENIANPATRIARCH. The tragi-comedy between Patriarch Serkie and his spiritual subjects has reached its catastrophe in him holiness's abdication at the " request" of the Porte. This is a result on which both the Armenian community and the government are in every way to be congratulated. Want of space alone prevented our reporting last week • series of disgraceful scenes which bad taken place be. tween the now ex-chief and his party, on the one side, and the great majority of the metropolitan members of the " nation," on the other, and which were neither more nor less than a scandal to any Christian society. The upshot of all this, however, which we have today to report happily undoes all necessity fur placing these disgraceful episodes on record. It is sufficient, under the circumstances. to mention that a special commission, consisting of leading members of the nation, and presided over by fiabri Effendi, has been named by the Porte to exercise. provisionally, the supreme ecclesiastical control of the community. This committee is in session at the Patriarchate, and will function till the election of a new spiritual chief. In every interest of peace, decency, and religion, it is to be hoped that the prelate who may be chosen will deserve and enjoy the general confidence of his co-religiooists. A similar change, we may here add, is daily expected in the ?boner, where an ecclesiastical revolution of nearly equal violence to that thus happily terminated within the Anaconda pale, has for some tame past been actively going on.—Lesiant Herald. WEATHER REPORT.-(THIS DAY.) PUDAT. NOVZIONIS 14 a L/11. N.W. \.N L N.ii.L Mr. Do Mr. Ki . Mr. Co The me wretched coining or sod Mem Chereley thii supplied ; The Col alimony. The pet Cibboos, The mar 1 , 10, at t ultimately Norwood, told a nets wished he neck and 'beet." friend tl to,l; her would be ' At length litfitg in it Dr. Spit The oou This wa separation three di& albrook, 1552. 11 , servant, R also chary habition she had be of adulter, Stinson. Mr. Dos The ban plied for h Mr. Margo The upwards 01 meat was opened a b own. Pre for about t Mr. Erin represental to live trade. Th sentation statement. Mr. Ede examined i The haul for him, him by `Well, 1 Witnees IS about the done busin house in ti and four ►claccident, him ad him . His evens •hole of hi His Hon ►inched to It Wal mist mounts, to bad been ea not heavy i Profits, whi gone on lc claim) wouk aDDe■r the Messrs. Sm : This haul and today btiance she to creditors 819/. 100, G 27 , 41. expenses, G. 7:1:4 524/. 7s. 4il The bank Mr. Hell charged be Ravnion, ca .T. Hawd nice, I tool lady in the Betting the gave the ot/ my throat, struck me e T b 4 hi (j ee p b Defeadan itruggliftg Ingo more ti rellios tom Mr. j o b. Yr. N om aerk_y %b M ro r. d. -• Roa,. a F V N 1 1l I ►j Mr. la Bride. Mr. H. Mr. Kt the stoke Ti Mr. B Gloom. Lord B Mr. T. Mr. Br LAT Bali , Fazio, Fox, V Katy sEI,LI Cum The Br ;re her, Aral, Gabriel M. Phil Are hen P.tID and. Petra. F.heu, a Hube. Allez Mary, 7, Veterau dower, the Cun Puurri. lluotlwit THE NE Lord I Rderene Mr. Hi Louisa. Mr. Hi Mr. T. Lord C Mr. 0. COUJ