The Press. — London, England, 1858-06-26 00:00:00

THE PRESS, JUNE 2(S, 1858. • These add 7-7- 1 / itiona hot a measure of war with Great Britain. Fre would meet that issue when it came. Mr. Douglas, of Illinois, wanted the "British outrages" dispused of before touching the question of the increase of the navy. He would have the Senate meet the question of British aggressions on its own merits, without over. laying it with resolutions about the Central American Republic. "If we are to submit," he said "say no more ; if we are not to submit, then vote the bill con ferring power on the President." Mr. Mallony, from the Naval Committee, then came forward to the relief of the bill. He protested against regarding it as a war measure. It was not a war measure ; it was recommended before the acts complained of were committed. Mr. Kennedy, of Maryland, agreed with Mr. Hammond. Mr. Wade, of Ohio, spoke from the Republican side of the Senate. He asked them to pause before plunginr , into a war which might be one of extermination, and'ended by moving the construc tion of twenty sloops of war instead of ten. Mr. Hall's amendment was then lost. After some more discussion a vote was taken on a proposed amend , ment for the construction of gunboats, and lost. An amendment by Mr. Green, of Missouri, giving the President power to issue letters of morqne and re prisals, was lost by the decisive vote of 40 to 0 ; and finally the Senate voted to construct five sloops and one paddle steamer. INDIA AND CHINA. The following telegram has been received:— ALEXANDRIA, JUNE 21. The Calcutta and China mails left this day, with in telligence from Calcutta to the 18th of May ; Madras, to the 28th : Ce)lon, to the 31st ; Hong Kong, to the sth. Shabjehanpore was relieved on the 11th of May by Brigadier Jones. Lucknow was threatened, in General Hope Grant's absence southward, by 25,000 men under the Regain. On the 15th Sir Colin Campbell, leaving a strong farce under General Walpole, marched for Futtyghur, where he was on the 18th. A ekirmi•h is reported with the enemy under the Moolvie. 0,0 1 10 Cavalry and 5.000 Infantry lay between the commander-in•chief and Mohundv. Ou the arrival of reinforcements, expected next day, the enemy was to be driven from Mobun(ly. Campbell had crossed the Ganges. The heat was intense, and the troops at Lneknow nn. heslthr. The garrison was reduced to 2,000 infantry. Khan Babodoor and Nana Sahib had attacked General Jones's position at Shahjehanpore, but were repulsed, with the loss of Foster, aide-de-camp. Omer Singh had crossed the Ganges, and menaced the Bombay routs from Allyghur. Jugdespore had been cccapied by General Lngard on the 9th ; the rebels fled to the jungle, end General Lngard joined Colonel Col field's force. On the 13th Colonel Lightfoot, who had been left at Jugdespore, was attacked, and firing could he heard. The general, intended moving back on Jug despore. On the 14th Sir Hugh Rose was at Etwolh, three coos from Celpee. The enemy was in position in his front, and had been joined by the Nabob of Benda_ The attack was expected to take place on the following day. The rebels had made a bridge for escape across the Jumna. A conspiracy had been discovered in a wing of the Fourth Native Infantry in the Fanjet*, The conspirators were hanged, and the wing at once marched to Jullundur. The Rajah of Shnntla, in Nagpore, on the .113derabad frontier, hail broken into open rebellion. The Calcutta import-market had slightly improved. Produce continued dull. The money-market unchanged. Exchange. 2s. Id. Credits, lid. to id. for documents.. 40wollot out • , CHIN A. tat st.siii iu.N NO • At Canton general distrust continued to prevail. The inhabitants were leaving the city. Considerable injury had been inflicted at Hong Bong by a waterspout. Exchange, 4s. 81d. At Shanghai on the 27th of April, the import markets were inactive, silks had declined 20 tsels. The business done during the month was estimated at 6,C01 bales. Exchange, 6s. 21. for credits. and it is likely that some of the Paris newspapers will obtain permission to be sold on the Boulevards and in other public thoroughfares, which will be a great pecuniary advantage to them. tortigit anD goloaiat clattlligente. FRANCE. The Times correspondent writes:— It is said that the climate of London does not suit Marshal Pelissier's health, and consequently that his return to Paris is not far from probable. How far this is the case I cannot decide. Marshal Pelissier's tastes and occupations have been of a kind very different from what they now are, and, though he has no reason to complain of his reception in England, yet at his time of life a man cannot easily adapt himself to new habits. Since the meeting with the Duke d'Aumate, and the interesting scene that then occurred, a few persona here nave, I doubt me, none their best to give a false colouring to that a lventure, which certainly does no discredit to Marshal Pelissier—c i uite the contrary ; and if he makes up his wind to return to Paris I should attribute it to that incident rather than to anything else. In case of the post becoming vanant there are some wild people who think that M. Wolewski would be the one to fill it. I doubt this much. I doubt whether, after all that has passed, alter the too-celebrated despatch—the " assassination elevated to a principle "—and the other amenities addtesaed to us in that curious State paper—the Emperor would make finch an appointment, or that, if he did so, the nominee would venture to accept it. The partialities of a mere Cabinet are not sufficient to neutralize the feeling of a nation. I disbelieve the story, quite as much as if it were said M. de Morns, or any of his complacent colonels (the colonels of the addresses), was to be sent. The Lionnes Pauvres of M. Emile Angier has just been published. It is dedicated to Prince Napoleon, without whose intervention it would nev e r have been performed, and is preceded by a preface which makes some amusing revelations respecting the dramatic censorship. Among other things, it is said that the author made a femme de chambre say to Madame Poinmeau, the lionne pauvre : "I hear Monsieur Pomineau ; run to amuse him ; " and the censorship wrote in the margin : " This is indecent." After the phrase " Ask for a week's delay—there is no Englishman so much no Arab as —," the censor ship wrote "An attack on the alliance." After the phrase "These turpitudes are no secret to Punch" was written the remark "Bad taste." "At all the stages of society " they wrote " Dangerous." M. Angier adds, " I ask pardon of the censors for violating the secret of their deliberations, but they have set the example by not keeping it themselves. One of them even amused himself by going about proclaiming everywhere that our piece was a tur pitude !" PRUSSIA. There is no question connected with German affairs which at present attracts the interest of men of all parties nearly so much as that relating to the mode of administering the government of Prussia during the incapacity of the King. The opinion daily gains ground that the Prince of Prussia is not altogether satisfied with his actual position, and there seems to be little doubt that when an alteration does take place in the tenure under which be exercises the royal functions a complete change of the Ministry now in office will almost immediately follow. The German Universal Gazette mentions the very unlikely rumour that Prince Alfred of England will shortly arrive in Berlin and enter the firm, regiment of the Guard, in order to become acquainted with the Prussian military service. TURKEY. It is said that the Montenegro question is to be arranged by Commissioners sent there to define the bouudaries. In that case Admiral Jurien de Lsgraviere, who commands the French ships in the Adriatic, will act for France. Two steam gunboats, the Fuhninante and the Aigrette, are to be sent to the Adriatic to facilitate Admit al Jurien de Lagra vierea commanications with the shore. ` AMERICA. The Senate has had under consideration the pro posed increase of the navy, and during the debate several senators took occasion to modify their pre viously expressed opinions. The debate arose upon the proposition from the Government to authorize the construction of ten steam sloops of war. Mr. Hall, of New Hampshire, moved to reduce the number to six. Mr. Bell, of Tennessee, wanted to know where were the war spirits of a few days before. They had given no margin for any senator following in their wake, except to resolve that the President, should give orders to capture the whole British navy. Mr. Hammond, of South) Carolina, doubted whether th it could be done without some preparation. "We cannot build a navy, like Aladdin's Palace, in a night. We cannot raise ships by resolutions of Congress." • - ."•r" ias CVLICCIII3 icc plistuvu tuc DWELL, Mutt I.IIC Slate of isle yesteruay. ine aecutreu value of oar exports miring tae • IM.II L9 4 )00.,,,C i 1 . _ Moncg Malta aub Cttg ladligtuct. FR/DIY EVENTNO. THE return of the Bank of England for the week ending Wednesday last, the 23rd inst., shows the following changes compared with that for the week preceding : Decrease in Circulation - Increase in Public Deposits . _ . Decrease in Other Depesits........ 1071 0 %5 Increase in Government Securities.. 26,013 Decrease in Other Securities Increase in Bullion Increase in Lest Increase In Reserie ... Bullion in both Depanmerts Circulation, including Bank Post •I , ..... Bills This comparison is of a favourable character, as far as concerns the position of the Bank, and the state of Cie 621 • t pnbhie I..islances in preparation for the approaching divi dends. The .- liiirrion hail - nil - eased until the total stock once more exceeds eighteen millions, and the Reserve has been strengthened in proportion. The Private Deposits continue to show a falling off. Money has been in increasing demand nearly all the week ; and at present the inquiry in the general market may be descriued as active. It is certainly not very active. inasmuch (as will be seen by the foregoing com parison) the Bank has suffered a slight diminution in its private securities, while Lombard•street and the Joint stock Banks have, by their terms, been able to attract the miss of o rdivary discount transactions. Still, the Bank has been doing more business, particularly on Monday and again yesterday. Yesterday, indeed, rates outside showed a hardening tendency, and in some cases three per cent. were required ; but the average did not exceed two and three quarters upon the best paper. The improved inquiry has not altogether arisen from the ordinary require ments of commerce, though they continue slowly to expand , but from circumstances special to the period— such as the end of the haltyear, when heavy revenue pay- ments are made, and considerable balances required to close transactions, and a number of railway calls amount ing to a large aggregate. To these circumstances must be added the preparations making to retire the commercial acceptances at maturity next week, which we believe to be unusally heavy, considering the general quietness of trade. At the same time, as the manufacturing industry of the country is becoming more fully occupied and exports are gradually increasing, capital is likely to be in greater demand ; but the demand will be met with the greatest ease, without affecting ratee, after the present exceptional period shall have passed away, by the ahundent supplies arising out of the various dividends that will be dispersed in the course of the ensuing month. The most remarkable feature in the Bullion movements of the week, is the continued demand for the Centinent. This demand has absorbed all the Imports, with the excep tion of 50,000://. in sovereigns of Australian coinage, amounting to about 150,0001.; and it is not yet satisfied. Less than 400,0001. are now en route from Australia, and if this amount does not arrive in the course of a few days, it is probable that some amounts will be taken from the Bank. The West Indian and Mexican mail steamer may perhaps bring s considerable sum ; but very little, if any, will come from the United States, as the Exchanges are less favourable than they were, while the next packet will start from Boston, at which place specie is not so often shipped as at New York. The Funds have been rather more active, but there are still great complaints in the Stock Exchange of the (Wi nes& of business caused by rue reluctance of the public either to buy or sell. Some purchases, however, have been made this week to a large ez.ent by the public, while others have been made on account of the National Debt Commissioners. These operations have induce' a better tone among the speculators, so that many solo had been selling for the fall bare reversed their accounts, and are now dealing for the rise. The Feneral effect, therefore, has been to impart firmness to quotations, with a tendency to advance. Still there is something, whether in politics or whether in trade, that utterly prevents buoyancy. Many persons think that the inactivity of the market arises neither from politics nor trade, but simply from the fact that the Funds are at their maximum price, and that so long as the Money Market remains so comparatively quiescent, it is useless to expect any movement of im— portance one way or the other. With some exceptions Railway Shares have rallied from the depressions of last week, although the traffics are indifferent, and even bad, I all round, while injurious rumours as to the probable dividends have been in actual circulation. Concede, which lett, off last Fridsy at 951 to f, have been so low as 95i, but no higher than 951. The fluctuations, therefore, have been inconsiderable, certainly not enough to answer the purposes of mere speculation. Between these extremes the market has been steady, with consider able firmness. The investments on public account have been in Reduced, which stock is now rather scarce. To day Console opened at 95f to f. owing to the unfavourable character of the Indian news, and they closed at the same. In the Foreign Market, little or nothing has been done. Turkish Stocks have been firmer. But , the most remark— able feature in the dealings of the week has been a consi derable fall in the scrip of the New Four•and-a Cent Brazilian Loan. Last Friday it left off' at to dig., but on Wednesday it fell to l I (ha. Nothing occurred to justify this fall except a series of sales by si.eenlativa holders, in anticipation of the call due next week. The I present price is I dis. to Railway Shares have partially recovered, but quotations are still affeLted by the traffic receipts and by appre hensions of reduced dividends. Caledonians have bees largely sold on Scotch account, and they are between two and three per cent. lower than this day week. French Shares maintain their value ; some have improved. Indian are flatter: Awl the same may be add of the Canadian hoes, on which Ilia traffics are extremedy depressed. Illi nois Central have bad a serious fall, Ewing to a call of 21 dela. per share, and the rresept potation is 25 to 23 dia. The Board - of Trade Retarne tor i lfay were issued yesterday. The declared value of our exports during the