The Express. — London, England, 1850-06-10 00:00:00

he Crory O. OUTGOING MAILS. TM mane fee British North America sad the 'Jutted amen will he male ep ea the meets" of Jaw, 16. The made be MAIM, Spars, sea Gibraltar Intl be made lam 17. The Wm laic , s rigudierr Beresuda, Briremal, Netem, Hemlines, New Orlersaa, Meatto, sad lueludiell Owes Ire Madeira, el. J•ea.4•46 'cassava. Neer Ovalle* Chuff. sae !Nis. will bade tip ea the 11112t..f rig of June 17. The tow's tor Gibraltar, Malta, Griot., tee lomat Mewl., ladia, Cates, flestbamparet, will l i =e up ea the meraiett el Jam 20. The mole red 141111111111 1 . to the Meditemenesa, Irrypt, fles.l o . ll w , Neecleas. *c., will he made ap ea lb. effialiat 111 Jam 24. The Raab far llerieria, the Brarile, sad Durum Ayr" will MUM, up is the amiss ofJely 4. MOO WATIM AT LOP. DON 11111111 IL Wv. Te.was.....limposi. Alinawis. U. UNA LONDON, MONDAY, JUNE 10. Tea Grand Protectionist Demonstration at Liver pool has coins off. The Royal Amphitheatre was crowded. There were two delegates Middlesex and one from Manchester. The F. al of WILTON was in the chair. The Marquis of Garotter appeared as the represeutative of Intellectual Force. Lord JOHN MANNER:, was the Spirit of the Age, Mr. NEWDE OATH personated Humility. Mr. Cmturrortiza played the part of Public Opinino . Dr. MeNxin• and Mr. Cnowuta enac'ed a tableau of the lamb lying down with the bulldog, as illustrative of • pro tectionist millennium; aid Mr. G. F. Tome° danced • sailor's hornpipe to the tune of "Sir Roger de Co verley." There has been no meeting of • simlar kind which has more glaringly expoird the disunion of its promoters than this same Liverpool demonstration. The chairman, who was, probably, not • little puzzled to contrive • speech which might introduce the subjed of protection without giving too ninth umbrage to the Meant' of the Heaton estate, was very soon forced oat of his qurstioos as to where " that hope, contest meat, and satisfaction were to b- found, whicheadothill in the home of the mechanic and the ar:isan under a system which entailed upon him the blessing of dear 10. f," by an ill.omened shout of "Gone to Mae cheater ;" and he thenceforth betook himself to the agriculturel distrie , s, and veered the necessity of diminishing the burdens on real property. Perhaps the home-bred portion of the meeting had some mis giving as to the effect of this proposed measure, bur at all events we soon find that he changed his tone a second time, and wound up by quoting ADAM SMITH on Foreign Trade, a quotation for which he was, of course, indebted to that mine of protectionist speeches, Mr. Serjeant BTLES'S book. One word as to this famous quotation. If the as sumption contained therein, as to the superior advan tage of home trade over ieeign, be true, how does the noble lord explain the Liverpool Docks? Des he think the merchant', some of whom he wee ad dressing, are such fools as de+bi:rately to prefer a leer to a more profitable branch if commerce ? Or would it not occur to any practical men—of merle not to a nobleman who probably knows a great deal mere about the Liverpool sieep'e-ehme than &boat the Liverpool Exchange—but to ary practical man, that there must be some error in a statement which all elpetience has ever since been engaged in contradict ing? Home trade and foreign trade must both be governed by the requirements of the consumers, and we shall never alter those requirements by an abstract argument, whether sound or uns - und. But we must pass on. Mr. S. Houle, a name pro bably familiar to Liverpool eery, but not possessing an European reputation, propee4 the first resolution. The Ntzernis of the fortieth century will of coarse see in • moment that his name, though mis-spelt, is clearly mtthical, and that, like the other great deities of the meeting, he is merely the impersonation of the principle of domestic industry. We, however, who live nearer to the time, detect in him the currency duct" r; tot it is remark able that no person who is devoted to the opinions which are held with a oonstnnce emulous of martyr dom by a certain elan ei gentlemen, of whom Mr. SPOONER is one,llan ever speak on any subject within the bounds of human research, without introducing their favourite dogma. Still, Mr. Houtz does not adhere with sufficient constancy to his monetary mis tress, to prevent him from giving utterance once more to that cardinal truth of protectionism, that the produce of other lands is amazed, and announcing himself, tinder certain limitations, a free-trader—"a free trader of the morrow,"—as our neighbours over the water would call it ; waiting only for the time when perfect relief from taxation would render it more im portant for us than ever to buy in the cheapest and mill in the dearest market. But Mr. WooDwARD, seconder of the first resolu tion, not content with promising a theoretical ad herence to free trade, boldly avowed himself a free trader in act. "He had at this moment twelve cargoes on the passage, rimlti "l which were in foreign, and four only in British ships." Oh, you wicked Mr. Woonwaan! Oh, you horrible anomaly! Did not the meeting mat you out as infected ? Did they not bowl down your eloquence ? No, nothing of the kind,—nay, they seem to hive listened to your state ments as to cheap freight and foreign corn with an iaterest akin to sietistactiost ; and they permitted you, unchallenged, to announce to them, with one breath, that you were habitually in the emp loyment of foreign bottoms for the importation of foreign produce, and with the next to second a resolution which denounced as revolurtonary the undue swots, agetnerd if the foreigner. Stolidity, like honesty, usually has its reward; and this meeting at Liverpool bad theirs in the shape of a speech, lasting we know not tow many hours, Lam one of the most accomplishe I orators in the kingdom, the Rev. Dr. Mehinti.E. Dr. MCNEILL is, as every one knows, a mixture of the enthusiast and the firebrand, and, es such, he would probably no' feel much compunction in tiring his acknowledged eloquence in almost any decent cause. He seems, however, to have had great doubts whether he were really in his place as a minister of the gospel in supporting a resolution which evidently tended to increase the necessities of the thousands and tens of thousands with whom in his daily reseanhes into the poverty of Liverpool he must have become acquainted. He was evidently ',eyed by abolitionist, not lir protectionist, tenden cies; and his speech denounced, not free trade, except weakly and feebly, but slavery, and the abominations of the slave trade. We must all honour philanthropy, even when pushed to humanitarian excesses, and we will give Dr. MeNails the credit for as much as he choose to claim of this quality. But we must decline our ac knowledgmeet of Dr. MeNnthe's claims to the title cis protectionist, till we see him keep rather more closely than in this speech he doss to the matter at issue. He likes " a moderate fixed duty." We will not remind him that a moderate fixed duty can be for no other purpose than to enhance rents, nor will we even suggest that intimate connexion which ex ists between rent and tithe. But we will tell Dr. McNan.a. and we do so in the spirit of kindness and respect, that be does not do his duty by mixing him self up with persons who are simply occup'ed in pro moting thief own eelfi+h class-interests under the guise of sympathy with their fellows. Barely his acute undertinding will suggest to him wha t is so familiar to persona whose studies he in the region of political science, that if all these productions, necessary, or nearly so, are to be enhanced in peke, it mast be for the benefit of producers; that it can be no benefit to the con sumers, who are the whsle community, to pay more dearly for the necessaries which they all require, though it may be a benefit to the producers, who are, after all, only a section of the community, to enhance the prices of those articles which they respectively produce, because, although they benefit at each other 'e expense, they also benefit at the expense of the body of consumers oute;de. Of Mr. G. F. Willi° we have scarcely room to speak; but any one who will take the trouble to look at hie harangue will, we think, agree with us that, though he accommodates his pace to the a'ricultural pipe, his thoughts are of ireights, not of oorn ; the voice is • farmer's yoke, but the hands are the hands of the shipowner. It is tedious to resount the fallacies of his system ; but we must just ask him, if, us he says, a moderate duty imposed on foreign articles also produced at home —corn for instance—falls on the foreign producer, and not on the consumer at home, how it an de so if It ✓am the price to the consumer; and if It do not rein --------- the pries to the tronsamer, how can it benefit the hems producer; and if again it do not benefit the home producer, who pies ? 4 t Oar limits do not persoli tp to pear 91 gni, CM, that attention whisk. Ms merits ret de. elk s serve, nee do we op 4rig. is -- Wrest sa Irish beeristes\ Gee wt. in a protestiosist o.akt Li ', silos It be with a to 'resist the of that place is what he calls "improving their lefialr live representatives in the Howe of Commons. In that, however, he would meet with a formidable op ponent in Lied Joint bLeintrits, although he would piebald, he mom toetanate than his lordship in w earing the support of thorn pests of Liverpool, the Irish tramps. Below Mr. BUTT then seems to have been asli d ing wale of speakers, the wooden spoon having appropriately promoted to the Marquis of GRANBY ; and the mantels separated after having been in la bour for nearly eleven hours. Tax Cateetu.Loa of the EXCHEQUER is evidently dealing with the Savings Banks Bill with a view to beat an honourable retreat under cover of that well known ministerial tatoo, "this late petiod of the session." Sinus Whitsuntide the bill has been put upon the paper every government night, but net the slightest wish bas been exhibited to bring it on. Meanwhile, petitioeshaes showered upon the table of the house evening after evening, until it has become obvious that the Savings Banks are unanimously opposed to the bill se it stands, and that in the face of their oppositioa the CHANCELLOR of the EXCHE QUER cannot hope to carry it. Seeing the way the carnet sets, the nines, the other morning, condescended to refer to the subject of this bill. The object of its article was to show how small is the skill exhibited by those who prepare the meantime( the government. But this was only a flimsy covering for the real object of the article. Tbe design obviously was to palliate the CHANCELLOR of the EXCHEQUER'S failure, by attaching all the blame connected with this measure to some one who advised him. Now, we doubt if the public are at all prepared to admit this plea an justification. So long as we have a system of government, which monopolises all the great posi tions of the state for men of power and connexion, whilst those who really do the work are kept in the background,—whilst this is the system which pre vails, we obj ect to a man like Sir CHARLES Woon, who wouli have assumed the entire credit of swoons eedeavouring to shift from his own shoulders the re sponsibility and disadvantage connected with his failure. But if the bill in its present shape is to be alma doned, it is important to consider what else is to be done. This is not, like the Stamp Bill, a case in which the government have volunteered a legislative m.asure. They were celled upon to do something with a view to increase the security of depositors in Savings Banks. The public desired that such additional seventy should be given ; the savings banks managers themselves were anxious that everything should be done to satisfy the depositor. Tame managers are not themselves anxious to escape reopens:bill:s ; they have no desire to avoid complete in spection into the mode of dealing with the funds entrusted to them. In our experience of public questions we never knew a cue in which soy body of men associated for a great common object have pursued a more straightforward or honourable policy. We will do anything, say the savings banks mana gers, that you require. We will publish accounts, permit inspection of accounts, consent to bear a large share of responsibility , ourselves : in fact, anything that we can do to satisfy the nation and increase the efficiency of our system, we will willingly consent to. Now, the Creexcimeoa of the EXCHEQUER will certainly neither do his duty nor fulfil the expecta tion of the people on this question if he omits to avail himself of the feeling prevailing with respect to it. The opportunity is open to him of improving the savings bank system, and at the same time of afford ing increased security to the depositor. It has ap pendto mall along that this might be accomplished Ei na much more simple machinery than that pro limed in the bill lately introduced. Ti.. managers of savings banks have entirely ac quieted in the government proposal to appoint inspectors. Those inspectors must, necessarily, have full powers ever the banks. Tony might from time to time be authorised to require from the managers, balance-sheets showing the assets and lia bilities cf the hanks; and we think the bard of ma nagers collectively and individually might be made responsible for the accuracy of those financial state ments. Thus a complete responsibility would be established ; the state would be responsible for all the mattes paid over in compliance with the act,—the treasurer, as at present, fur all balances in his hands, —the managers for defalcations by their own officers arising from any laxity of management of their own. For deficiencies arising through the acts or careless ness of the inspector, the authorities who appoint him and superintend the performance of his duties, would necessarily be responsible. The great and obvious difficulty of this question, that of creating a sufficient respon-ibility without a proper check upon or guarantee for the proper admin utration of the bank affairs, would, we thick, by some such simple plan as this, be effectually met. We do not believe that such a modification of the present plan would be viewed with disapproval by savings bank managers. The liability to which it would expose them would be liability for the unchecked acts of their own onions. But all the trustees and managers of savings banks agree in saying that under a proper system of superintendence and revision the liability arising from this cause is not great ; that it is only in laxly managed institutions that de falcations can possibly arise; and with regard to them it is scarcely too much to say that the public would be much better off were they abandoned altogether. But then the question is to be looked at as it con sents thegovernment. Will the state be responsible foe deficiencies arising from the laxity and reimesseas of inspectors? This naturally brings us to consider the pigment superintending power, and we are bound to es/ that the National Debt Commission, as at present meditated, appear. a very improper bAy to be in vested with the sole management and control of savings banks. A return recently presented to parliament, on the notion of Sir HENRY WILLOUGHBY, throws some as the real constitution of this National Debt . It appears that there are seven com , ultieners, via., the Speaker of the House of Com mons, the Ohoosellor of the Exchequer, the Master of the Rolle, the LIM Chief Baron, the Accountant General of the Court of Chancery, and the Governor and Deputy - Governor of the Bank of England for the time being. The meetings of the commission are quarterly, in the first weeks of January, March, July, and October. The place of meeting is the official residence of the CHANCELLOR of the Ex - CHEWIER, In Downing-street. With rare excep tions, the board is composed of the CHANCELLOR of the Excneetuse and the governor and deputy governor. Ot late years the Master of the Rolls has once or twice deemed it his duty to attead, bat ex cept at two of the m sting* in 1838, no other mem ber of the Commission has taken the slightest interest in the busicess appointed to be transacted. The natural deduction from all this is, that the national debt transactions of the country are merely formal transactions, dispeed of by the comptroller, chief clerk, and other officials of the department, who take powers at the formal quarterly meetings, and in demnify themselves on the same occasions for all tDry may have done without authority. As regards the business appertaining to the reduction of is na tional debt, which unfortunately fur all of la snostly more a matter of theory than practice, this sort of arrangement may be all very well. But when real responsibility, in the shape of actual mil lions of real golden guineas and solid mine shillings, comes to be pleoed at these gentlemen's disposal, the matter assume another shape entirely. What is needed in regard to savings banks is active, constant, and careful administration, and we are inclined to think it would be far preferable to 1 lace the savings tankinspectors under a really responsible authority, than to continue the control of savings banks in the present hands. Indeed, if Sir CHARLES WOOD'S bill pawed, the National Debt Commissioners, as a responible body, would no longer exist in any Tel. Small as is the responsibility at present eonasting in this oomnds mon, the CHANCELLOR of the lisenacion, by the measure now before the House, proposes to relieve them even of that little. The Savings' Bank Ads at present in force delegate powers to the National Debt THE EXPRESS, MONDAY EVENING, JUNE 10, 1850. Commie Users, which it is expressed in one act that "it shall aid may be lawful for them to perform: l and whisk, u e i c k; k asother, " he and they are beretty c severally to "‘ the gap. caTin vees v . : 4 4' j aw the gm clause r s it) N t ygAZll l t ' fit." In T ei h n o e t i nt *ea Ye agat4 ill . e' l gerefentellt ,by the t' deposito ° re LI savings banks is urged, at the pr . aetht th ee , ezeree dy on the ground that the Commis h e th e ' t eam. tioti of the National Debt have net %Med the re quirements of the statute. The intredastion of the words " Wavy slonsid so thinkYlt," 'will gite them fbr the future entire immunity from all empsadbility for any evitoossuesnee uniting Rom the mnifuldfmut of their legal obligations! They may do what they please, at nothing, "if they oo thmkjlf." This is the last disoovery connected with this mea sure. We should say more reausting it if we did not regard it u virtually &knot. - Am the cam stands, all we are anxious for is to retain such par tials of the bill as can really be considered useful. i The CHANCELLOR OP THE EXCHIQUIE would do a popular act by following the precedent set in the stamp ease : withdrawing his present bill and intro ducing a Savings Baths Bill " No. 2," based on some such plan as we venture to suggest to him. And we have only, in oonclueion, to trust that " As will &a Wilk fit: Weir the Leureateship was offered to Ikon, ho cannily declined the St. James's laurel; he was un worthy of its greennesa. " An individual selected from the literary characters of Great liritain," writes the Wizard to the Most Noble the Marquis of HERT FORD, " ought not to accept of the offioe mica be were conscious of the power of filling it respectably, and attaining to excellence in the execution of the task it Imposes." Thus the poet, with a moat poetic blush et diffidence, waives aside the wreath. Eight days elapse, and ScoTT, the self-denying bard, makes a dna breast of it, writing on the laureateship to Jwrtsta BAILLIE :—" If the Regent means to make It respectable, he will abolish the foolish custom of I. annual odes, which is a drudgery no person of talent could ever willingly encounter, or come clear of from, if he was so rash." Thus, in the better judgment of Scott', the Court Poet is not to sing— but receiving the salary, is to consider himself bound over to keep the peace. The pension is only desirable when taken as hush-money. " Mr. SOCTLIZT has written some good things in favour of the Spaniards," says the logical Prince Regent; "and therefore the office shall be given to him." Had SotrritaT, in his devotion to the condition of royalty, written praieeful odes to the memory of HENRY TUE EIOIITH, the sympathies of the later GEORGE would have shown to posterity far lens perplexing. However, SOUTHEY kisses the book at the Chamberlain's Office, and returns to Keswick a richer and a smaller man by a net income of " little more or lees than SOL" He is to sing, if it so pleas him, upon great public events, bat is not to chirp on birth-days. He is to remain dumb, in order that, as Scorn propounds, he may remain respectable. The eagle of the laureate, like the birds of the hereditary falconer, is a sinecurist in feathers: to ba duly fed, but never to be required to soar. WORDSWORTII next assumes the laurel upon the expressed and guarded stipulation that he shall not be called upon for a song. " Silence is pleased." Time, however, makes the WARN'S husband Clancellor of Cambridge, and—the occasion is so great—Mr. WORDSWORTII cannot, as a poet and a patriot, con tinue dumb. A gush of me!ody is expected ; where upon the half-pint of Helicon is duly bottled and la belled " Ode." The draught is not of the brightest, bat tolerably clear, con.idering the state of the waters, ever troubled when drawn from on vet occasions. WORDSWORTH, havitg dime the Ode, washes his hands of court ink. Subsequently, engraved por traits of royal babes are most graciously forwarded to bim ; but the ink remains in his inkhorn ; he never nibs another quill. WHITEHEAD and PEE did their utmost to make the office of laureate coetemptible, and succeded. We are, of coarse, referred to the names of Bate JONSON and DaT DEN as names that made the office illustrious. It was the pension, surely, not the love of the work, that made the poets court sorg-birds. " The per quisite softened them into consent. loNsoto, in his greatest strew, Bung it is the teeth of oatmeal JAMES that " his soul lived in an alley." DRYDEN toak to flattery as a thing df graceful fashion ; sporting adula tion, as he wore a periwig. But his day was the hard, Egyptian day of patronage; when poets crawled through dedications to dinners; That des is past. " His Grace the Duke," and " the Most Noble the Marquis," have given place to JOHN MURRAY and Messrs. Lonnustf. Nut nobility but the people now " keep a poet." As for hired inspiration, the mantle worn by PYE, done into a paletot, is the only wear of the hard of MOSES. Now, we do not sing virtues for hire, but waistcoats—not crowns, but hate. A dog, of any ranee of self-respect, with a tin kettle tied to his till, acutely feels the misery and degradation of the music he is compelled to make. What the tin kettle is to the dog, the yearly Ode is to the muse. The board, tf you please, bat not the annoyance and irritation of the jangle. In one sense, assuredly, the poets imitate the born aristocracy. They do not denounce, refuse, the salary : their only Biwa and conscientious objection is to the work. Now, we object to mere sinecures, of all and every kind. We would no more tolerate a voiceless Court Post than we would allowance give to a Court Fal coner without falcons. Either the poet's yearly tong is a necessary tribute, a part and parcel of court ceremony, with Gold Stick, or Silver Stick; or Ithe thing has died out. The old idea of the 'surest has made " a swan's end, failing in music." Let the place determine with the singing. If not, as well re vive the office of the court tool, bestowing the motley with a gracious assurance that, the grave and re putable person accepting the live ry j is never ex pected to don it. As well have the ester without the jest, as the poet without the ode. Or shall we return to the good old times P Shall we have, as usual, "quit rent of ode and peppercorn of praise ?" If so, the bard of the Minories --or some congenial spirit—is the only likely person to accept the bays; the men who can sing, refusing to chant; though, with lips doted to music, they have hands open to the pay. Shall we have a renewal of the soap-and-watery strains of WiliTe.astip ? Hear him —a bit of him—in 1769; his swelling theme, the Second GEORGE : Say, shell we trees the here's flame From the first feet'ring gale of fame, Which bade the expanding bosom pant for praise? Or hail the star, whims orient beam Shed influence oa his natal hour, What time the nymphs of Lama's stream, Emerging from their weer, bower, Sung their soft carols through each osier shade, And for the pregnant fair invok'd Lucius'. aid ? Truly this is precious stuff—virgin gold in every line—to carry the court mark upon it! Further on, WILITEIMAD snares us that : To British °somas, the Kies of idts, The tribes that rove th' Areadius snows; Eedeem'd from Gallia's polishl Shall breathe their voluntary vows. In 1761, the same audacious WHITEHEAD puts the lion akin of HERCULES on the broad shoulders of young GEORGE the THIRD. 0 Neared truth in emblem dna ! Again the muses sing, Again in Britain', blooming King, Akides stands contest I APOLLO, as interpreted by his bard in livery, thus "strikes th' Warming lyre," and Wogs, uniting GEORGE, alias HERCULES, and Hass, otherwise known as Claimants : What boon divine would heaven bestow ? Ye rub, unbend the etuaioue brow, The fruitless search Rive o'er, Whilst we the jest reward assign, Let Hercules with Helm join And Youth unite with Power ! In 1763, Mr.WHITHIRAD,with his Muse intent upon the baby Prince of WALES, afterwards known to the Exchequer of England as GZOICIA the FOURTH, pro nounced him to be That lovely, that unfolding row ! And, warming with the figure, Gills for musk and wine : Then !et hammy rt Then let pleasure abound While in apazkling &anima* Them wishes so toned Are we to have this •' strain an," for it seems that no man, with real music in his soul, will take the laureateship, if the lyre is to aooompany it. The solid pudding may be digested, but no em $y praise returned. It is stated that Mr. Room, on the easy plea of years, has declined the honour of the post, the hoer, if possible, enhanced by the proposed abeli tics of salary. Various propositions have been made as to the bestowal of the wreath, whether gilt or sils. 'lt has bees held that the °Bios should he tinselly renewed, promoting worthier bars Ie al worthier should arise. Whither, like the yearly Lan Milton, the court poet elmalfi be sworn • in at Westminster, countieg the halm of the tge ermine, to test his powers of widt hs§ made no put of the proposaL In default of the gold coach, possibly he might be allowed to- go ander his own umbrella— Again, certain_ Wise hive been put s forward as meet eligible to tune the warily lyre. the isereteign being a Qum's. Be it so. Ne vertheless, thcsameliae of mutest may apply to other and loftier stations. 14 became of a Cicero, We are to have, not a poet, but a poetess laureate, why not a Lady Chamberlain and a Mistress of the Gold Stick P That mysterious person Pawn lone—according to old MANDEVILLE—kept no court poet, had no yearly presentation of ode, know nothing of strophe and anti-strophe; nevertheless there was held, in the court of Joint, a castom that, should the laureateship • be abolished, might be considered with a view of affording an easy means of duty to any distinguished intellect that royalty might be disposed to honour. " And they carry before him (Pareven Joutm) a platter of gold full of earth, in token that his noble ness, and his might, and lre flesh, shall turn to earth." The poet might, am a tenure of office, supply the earth; the court, 01 course, finding the golden platter. There would be a significant morality in ' this; a wholesomer and deeper meaning than any conveyed by the dirty adulation of a WHITEHEAD or the froth of a PTa. FRANCE. PARIS. SATURD&T. _. The Dotation Bill is to be examined by the bu reaux to-day before the public sitting. A second meeting of the Rue de Rivoli Club took place yesterday, to delibarite on the Dotation Bill . No definitive resolution was come to. It was agreed to leave the question open. The (Meanie Club of the Rue Richelieu, headed by M. Placatory and Jules de Lastcyrie, have de cided ou supporting the b 11. The newspapers of the Lower Rhine mention a singular dodge in the beefier; of the coneervativea far throwing out Emile de Girardin. It is said that the) will withdraw their candidate, M. Carideo Mliihr, in order to support Leichtenberger, the moderate repub lican candidate. By order of the President of the Itepublie a statue in bronze is to be:erected to M. Gay Lessee. It Hill be placed in the neighbourhood of t one of the amphi theatres where he gave lectures. The establishment of a discount office for railway shares is said to have been decided upon. The Mi nister of Finance has approved the statutes, and de puted M. Lemaitre, an employ% of the finance depart 'Lent, to preside at the board of the new office. A third bill for reorganising the government ef •he French colonies, prepared by the colonial committee presided be M. de Broglie, has been sent up to the Conseil d'Etat. M. E. Lagrange'.(of the Gironde) has submitted to the Assembly a bill for subjecticg theatres to the authority of the Minister of the Interior and the pre fects of departments until the passing of a special law. A voluminous report, by M. Lerochejacqta lin, on the bill for completing the Emperor's tomb, was die. tribu'el yesterday to the representatives. A decree of the Prefect of the Seine rels:in; to the formation of the new electoral hats has then The u The Pre p. sse contains a petition to the National As sembly prayirg for the reduction of all taxes to one, e hich is to coning. of an impost upon the capital of each individual paid by monthly portions. Several arrests have been lately made at Lyons. SUNDAT AFTERNOON. Yesterday was signalised by three important re sults, each of which was a smart check to the party of reaction. The article which prevented the retrospec tive application of the punishment of tran:portation was maintained in the Assembly, although by a dimi nished majority. By far the grea'er part of the com mittee chosen on the Dotation Bill are hostile to it, and the voting in the bureaux, commonly regarded as a test of how measure, will be disposed of, give a majority of 79 against the present prop eition. Thirdly, thanks to the independence of the jury of the tribunal of the Seine, and to the sp:rited defence of M. Billault, the Erenement, prosecuted for exciting to hatred against the government, was acquitted. This acquittal, coupled with the condemnation of M. Lan grand, the editor of the Voix dri People, seems to trace the limits between which the liberal press may range without being subjected to the persecution of the go vernment on the one hand, or transgressing on the other the bounus of a reasonable forbearance. In the debate of the Bth clause of the 'Transportation Bill, General Fabvier diatingui.hed himself by an able and generous speech, in which he eulogi-ed the behaviour of Colonel Guivard, one of the prisoners of Duullene, when under his command. The Transportation 81.1, about which 93 much excitement has prevailed, is, therefore, finally disposed of; and now the prisoners sentenced by the high courts of Bourges and Ver sailles may get up and go to bed without troubling their heads whether the two square miles of the val ley of Nanlahiva are arid slopes of inaccessible moun tains, as M. Dupont de Bussao affirms, er a delig.oful region, shaded by the fig and banana, and fanned by temperate zephyrs, as is averred by the Minister id Marine and Admiral Dupetit Thouars, with the Blight drawback of a contagious malady, which crams the hospitals with disabled seamen. General Baraguay d'Hilliere, by the way, signified, by en interjection at this p usage of the report, that Rime in thie respect might compete with the Marquesas Isles. Yesterday there was some private mention in the Assembly of a visit made by M. Rigel to the Ely see, for the purpose of demonstrating to the President, by the help of those statistical documents concerning the electoral law for which the honourable member moved some time back, that the six millions of French men who had returned Louis Napoleon to the presi dent's chair would be, with few exceptions, all dis franchised by the new electoral law. The President answered : " You are mistaken. The law only applies to the election of the National Assembly. The Pre sident will continue to be chosen according to the law for his election made by the Constituent Assembly." Tne debate in the bureaux upon the bill fur in creasing the president'. 'salary, and the unfavourable composition of the committee chosen, already loudly proclaim the blunder made in bringing reread this inauspicious law. There prevailed on Thursday an impression that the repugrance evinced by various sections of the majority could dis appear before the manifest evil and danger of dis union at a moment when the democratic par'' , are smarting under repeated provocations, and would in fall47 redouble the activity of their secret and open . oppffiition on the fleet hint of discord among their adversaries. But eight aad forty hours have sufficed to dissipate the flattering hopes drawn by the govern ment from the tone of subordination and adhesion which masked for a moment the reluctance of the bulk of the legitimists and sober conservatives to sanction so unseasonable and immodest an application. In the meantime the serene prospect of the moment trapped ministers into a declaration that they Is onld reject all modification of the bill, and stake their ex istence on its passing unmutilated. This, at le let, is the interpretation given to the speeches of Bowie, Itouher i and Fould. On the other hard, the authorised announcement of the Conqattaimittel that the President will not hear of a middle course, and declines any transaction which would merely go the length of paying his debts by an extraordinary grant, while Ins allowance remains unaltered, lends a still more serious aspect to the perplexities of the situation. Of the fifteen members chosen on the committee, five only are friendly to the law; the remain:og ten havo either declared distinctly their opposition to it, or have admitted only the principle of a grant once for all, without introducing any permanent alteration into the President's salary. If. therefore, the minis ters persist in their resolutiou to admit no mo difloation at present, there appears, to say the least, room foe a strong presumption that the bill will be thrown oat. The mobility and va cillation of the Centre of the Assembly has, however. I latterly been exhibited on so many oevasions, that little reliance can be placed in the sincerity of its moods. A month ago there was a minority of 60 in favour of the nonretroective clause of the Transpmta tion Bill. Yesterday it appeare d that this minority had melted down to 16 natters of it had • Vol Account. PARIS, )rive S. Yor Money. Opening Uninest. Lowest. Closing per Cent 5......... .56 15 40 56 0 36 10 36 10 3 per Conte— —.. 93 25 91 75 94 0 93 30 93 43 S do. Kew Loan . „ „ rr is Fs 41 per Cents.. per Cents ....... 5. 0 07 C 8991 ....... , ... . so I • I ' •. f.toliangs on Loakm: n at sight, 15 523; II lay., :5 42(. Usigi.m, 5, 1411 De. 5, 1642 Do. 41 Do. S Plefhrennt 5 per Cents. P 6 85 „ Rank Shares &mass— M. Oermain, —; Versailles (right bank), 160 ; Do. (left bask), 140; Paris and Orleans, 7 00; Paris and Bonen, 562 50; Sousa and Hei r ße. 225; Marseilles and Avignon, 176; Strasbourg and Bale, PM 75; Orleans and Vierann, 345 ; Orleans and Bordeaux, 390 ; North, 447 50; Paris and ilersabourg, 335; Tours and Nantes, 317 30; Mailman and Troyes, 93 50. vanished. Jkiliberal amendment was proposed to the Bloaters' Law, to be retracted with an abject apology, while not a member of the party from which it emanated'had the spirit to Mee their down-trampled colours. Weakness of this sort cannot be excused by the abomination entertained of an alliance with the 'Moneta& A enneamish repudiation of socialist pup pet will not save the republic. While a third of the Min* serve against conscience the royalist policy d their seventeen taskmasters, from au exagge- I sated apprehension of the danger of principles . .are condemned by . cunuen sense, France asanot pasibly settle into a stable equilibrium, bat will roll and pitch from side to side, swayed by the fickle Matte of that middle party which should serve as ballast and trim the vessel. Ac cording to the votes yesterday in the bureaux there warn a majority of 79 &Oust the law. Tne greater pert of those who abstained, so far from being favour able to the proposition, did so to avoid en open rup ture with their majority, and several, in order not to vote against their convictioe, threw blank tickets into the urn. It is at this moment imossicle to calcu late to what extent the flexibility of the Cen're may be wrought upon by the representations which will doubtless be made of the evils of a collision between the President atd the National Assembly. The pre liminary discussion in the bureaux was characterised by great animation and indecision, and refheted the agitation caused by the presentation of the bill. In general more objections were raised against the un seasonableness than against the substance of the pro position. The greatest division of opinions prevailed among the members of the majority. The supporters of the bill, particularly MM. Mathieu Bodet, de Crotteeilhes, Dabeaux, Baraguay d'Hilliers, Heunesy, Fonquier d'Herouel, &c., dwelt on the impolicy of throwing it out. The rejection of the bill would not only detract from the consideration of the executive power, which ought to be surrounded by as mach prestige as possible, but weaken the union which reigned between the majority of the Assembly and the executive power, and which was indispensable to defeat the seditious attempts of the socialist party. France, all republican as she was, exacted from those who represented her a ctrtain splendour. Benefi cence was one of the most imperative duties of power, and a host of unfortunate persons addresed them selves for relief to the head of the state. M. Andre declared that in his opinion there was no constitu tional question at title in the presentation of the bill, and that the position made for the President by the six millions of votes which set him at the head of the state, rendered indispensable an augmentation of his allowance. M. Mitnerel said that the bill was well received in the depertmer.ts, particularly in those of the North, the Somme, Seine-et-Marne, Seiee-et-Oise, &e., whose opinion was known. MM. Male, de Growhy, and Wolowski emphatically repelled the malicious insinuations rased in various bureaux of the connexion between the bill and the Electoral Lew. The members of the legitimist party, who deviated on this occasion from their usual course in supprting the government, expressed themselves with moderation and reserve. They recommend.d a careful examina tion to the committee, and opposed the notion of the new bill having the character of a permanent dota lion. They seem to be of opinion that it would be expedient to relieve the financial embarrassments of the President, without creating for him a sort of civil list. Such was the language held by MA. de La rochejacquelin, de Lablulie, de Clarenci y, Fame% de Kerdrel, Dufougerais, Flandia, arid Chapot. Tne last five are members of tha committee. M. B,uhier de l'Beluse regarded the bill as tending to (stab rectly a quasi-m ,narchy, and thought that the President of the Republic ought to content himself with a more modest style. Several members of the majority, and eeprciaily M.I. do 3loreay and Creton, also opposed the law. Tne latter expressed his fear that it was but the first step towards a pro longati at of the President's powers. The members of the Left and of the extreme Let opposed the bill as inopportune, unconstitutional, and deeply impolitic. In their r pinion the dignity o the authority would not be promoted by the measure, while great discontent would be roused in the country, which demanded economies. These were the arguments used by MM. Michel de Bour a ce, Pascal Dupree . , Charms, Lagarde, Chauffeur, Sain, Huguenin, de Flotte, Sevestre, &c. M. Reptalin observed that the governm-nt, if it thought the President's allowance insufficient, ought to have stated that opinion to the Assembly on the presentation of the budget of 1830. It was the prince, and not the president, they wished to endow. General Sub:Al-Le reminded members that the allowance of the first consul in 1;99 was only halt a million of francs. Tue consula'e had lasted four years, without any one dreaming of demanding an augmentation of salary. Yet the first consul lived at the Tuileries, and cut a sufficiently good figure upon that allowance. Some members, particularly MM. de Fiotte end Huguenin, dwelt strongly upon the breach this law would ne.ke in the consideration of the President. A!1 the ministers present stood up with energy for the bill, and declared they would accept no modification. The minister of justice de veloped the motives which Led determined the ga vernment to bring forward the measure. His colleagues and himself had acquired the conviction that the present allowance of the President was insuf ficient. They deem( d it theil- duty not to leave at his personal charge liabilities which were the cone (pence of the elevated position to which he had been ratted by the confidence of the pe.)ple. The new credit demanded from the Assembly was not destined to swell the actual expenditure, bet only to continue it without being obliged to have re:centre.) to his private means. BOURSE. SPAIN. Private lettfni from Madrid of the 4th inst. give, but under reserve, a statement that General Figueras would be replaced at the Ministry of War by General Cordon, and would be appointed to the office of cap tain-general of Madrid. MADRID, JUNK 4 —Three per Cents , 331; a'ter Balsa, 3 1 1 33$ paver. Four per Cinis , 121. Fire per Cents., 121; after Bolt*, 121. Passives, 3 1516. Coupons, 71 cash. Bank of Bt. Ferdinand, 86 paper. Exchange on Lindon, 50 30 paper. BUENOS AYRES. FALMOUTH, JUNEO.—By the Norwegian brig Freya (Lund, muster), from the River Plate, we have advice' from Buono* Ayres to April 10:h. We regret to observe that the dreadful disease which has committed such ravages along the coasts of Brasil has commenoed its virulent operations in the River Plate, and consequently much fear was appre hended of its consequences at Monte Video and Buenos Ayres. Quarantine and other sanitary regulations were being enforced, specially in relation to commu nication with the shipping. Her Majesty's ship Tweed had lost 2$ hands and three officers; and the Cormorant seven persons, in chling the commander. M. Qoury du Rodin, who was announced as hav ing been charged by the French government with an extraordinary mission to the River Plate, arrived off Monte Video, on April 3, in the French war steamer Arehimede, which sAled from France on Feb. 15. It was said that M. Gouty de Roden was only the bearer of instructions to Admiral Lepredeur, and that the latter would still conduct the peutling negotia tions. The French vessels appointed to rehire* these of the squadron on the River Plate station, whose term of servitude had expired, were shortly expected with 1,500 troops on board, to enable Admiral Le piedeur, in the event of his success in arranging matters with the governments of the republics, to effectually put an end to all opposition on the part of the armed foreigners in Monte Video. At least, this vereiun of the came was circulated at Buenos Ayres, and appeared to be credited. There were thirty-five British merchant vessels in harbour, of which number nineteen were to sail for British ports. ITALY. ROMAN STATES. The som eof Rowse, of the 31st, ha. th e ing : "Fo days pris runiosr s , m alarming, have crested an.impression that the ttf e, meat is resolved to .consolidate compulsoril y t e e money, or to diminish its actual value, 'vita 4 i i tranquillise the holders of paper nir ney ore.e We are authorial to di darn that ntath rr , 4 1 means will. under any eircutust.acee, to, and at the wire tune t, snooricce that mat is seriously accupmclMft!idt^g e rnes.: isavenient, not only to diminish ro the ~„ of " .moirev, which is at this moment in &cols:, pay off that portion which must remairt oirculatiog. GERMANY. PRUSSIA. BERLIN J .. The Staats-Anzeiyer of We evere ee „ expected law for controlling the pre m e fourteen paragraphs, and is aecompareed I v terial memorial of th e mot i ves which rels' yisable; it was stamped with the K. Li e the sth. The memorial is dieted teire4•:.„! introductore paragraph is as follows: • • • e We, Frederick %William, ecc e ennsie„;• , peace and order in tee count)", vete T . , ahteer of the press end the insufficiency of f ted of public security imperatively tietnttd, danger,,ohpu present a r e ri mediate bluftdt int e rv en tion T a rt 4al i t s e i hndlb e d et state ati t h ttl:rfi :botn remove respect affairs, wir netl l l4: e ea:hec t i k he y to of several of the reettlatione wee e; the pees*, as well as to make to the Ist . r: , of tee 30th June, 1849, the most •.. - terns. We therefore ordain, by tee s r ,: ministers, and on the ground of the the constitution, the following: Paragraph 1 authoriser 11. e prat efe . to refuse to accept or carry oui oreer s : ' and periodicals. Par. 2 restores U. • the 17th January, 1813, whet e ere.: I . preeteellers, peetessers Gf cireulai t g reading rooms, vendors of pin p'e •, : book and lithograph printer. t , esnetion of the government 'I by the let of July next. Pa- 3. , :Minister of the Interior to p 'tees , • ,! sel kinds which are publiele d • , territories. WilneVill* Rhlll R.l for sale any work Po prohihite • . fine of from 10 to 100 dialers, re e : • - 14 days to 1 year. The po.ite sr•e. case to seize the publication in e • • punishment inflicted on pares, a criminal nature, under the fee. r not aireished. Par. 4 require- fishers of every daily, montt ic, or •• the pre-payment of caueoreneee v, I• amount of the cantinn-money. Sete ! , . • ing oftener than thrice a wt• e• • • first class, and the turrourdeee a circle of two miler, to depe-e se. in towns of the se one a eier, ; in towns of the third class, 2,1 , ' • other places, 1,600 thalerr. I'ar. money for newspapers appraril a wee k, at half the above elms. i from the erten . int of Par. 5 e .1 tific, or technical eeriodiceei, are re e. journals. In cases where the alet•ee • • Imes the press laws of the 30 J be required to deposi! the prow cm emery. Par. 8 appoints tee t-eariee • receive the deposits of me:eerie: te, paid in c en, and on which 4 per ce r.t.eet. paid. Tne caution-la ney at Ic.•t- 7' six months atter the last p ' 7- 1: on a certificate from the pun p• ••• • . sfeution is pending against •e . Par. 9 infitcts the payment if - existing newspapers and perothe ec. tour weeks' time to pay it in froie ee • tion of the law. Par. 10 provides t. flicted, the expense of prosecution, precedence of all other claims on money. Par. 11.—Second offences able with the event of the treat. • tho tenth part of the caution-mo to the opinion of the judge. On evert • lion the cautiot-mossy is to be impo further appearance of the journal t • be prohibited. The fresh di pese o must nsLahreeFasdbket:-... .•: imp 12 from • _ • rabititmisnagadatehnseevoi rlaryinz hd imprisonment from a meathto • eons publishing, editieg, or pre, • • • - to the deposit ot the fur am ea or the continuing to publish ate r a - same punishment is held over R:1 re i•• tributors under the some oiitumstanct prosecutor and polLe ere an•horieed to s journule, &c., together with forms. Par. 13 (lades h•. o the category. Par. 11 oh, l compet-ney of the jury 0.1 eff.ccta graphs 3 and 12. ' The memorial which pr. als the ministry sinew tilde entry in greet attention on the press. lts • 11600, and the results of for.. • respect to it. It then descrih press ordinances of the 17:h M gave total freedom to the pre-s. and . • on the 30th June, 1549, for the end to to the:irregiear state of tl.. isted. These laws were, h0w...,r. and were confined to the mo,: !...si tions. Experience was desired !.' • it was now fully established :hi*. insufficient. A :treat number ,t• peartd, published end edited by who were ashamed of no re:lns could extend their eircu'ati N ligion were openly sr 4,1 al. not be diflicult to show. from a tides in different jouruale. teat the GE desired by means of the press to under of God, patriotism. respect for moese: of the prince, and his goctrament. mulgated new doctrines of tl:e war,: strove to weaken those convictions people a hich were the cutest fouadato order. It would be a danovus that these endeavoure would tail. tion given to the very worst class of provincial prem. was a clear proof their plane; and, if any co her proof was to be found in the close oonnect or the publishers of stveral radical jmirm and the enemies of their country. vs:t in foreign countries. Hoc, at t ‘on•a to open the eyta oe the most eatelt4 which the state and cool. ty ~.tad, they must fall, union the go , ernm , curred to those means w' ich Pa constitution had placed in is government was aware that to employ those mane. It woe ur,l all those to whom church, state, au! ;. more than mere words. The best and , measure undoubtedly would he • he pub, prehensive press and pees, otleaces I'll l but the ministry hesitated to lay sur . h I his Majesty, on account of the dakr,t atd the propriety of previously con,u, branches of the legislative body. In aJd:t; try deemed it advisable that this tua! left to the parliament of the Gentian I late, and the government had then tore r . proposal to the temporary necesavy• I , further contains an expl ;nation ot t , ,b" legal right of the government to puboale eludes with the united prayer of the tuaL,.!. Majesty will be pleased to render it signature, they undertaking to be reepoe , " 3 subsequent approval of the Chambers. An order from the m inisters of the commerce to the presidents of dertaa office inspectors is also published. It 1 , "1 . 7 the former shall discover th e names, of t•o7 which are devoted to the ca use of thsonl,r,.,. and anarchy, and shall notify them to the .A. l are then to refuse all further orders for s‘s, papers. Particular directions are to be regard to foreign journals. d p• Lac I r.m. e rit ) rib . f t:, 17 F. 7 • • • • • • . • • • • • •. • • • : . 7't • • • •• . • • • . . • • • 2‘.: • • 7. '• • 1'• • • 2 7. • '• • . 1 It. r. 'r'' .•