The Express. — London, England, 1855-10-18 00:00:00

frije expregigi. hiehrlismials lailltartrll72l;;;;Ficltlia &t abs piper, mast le at the 011114% Is. Ileaverle4tiost. Ity The Ai& in tlie is/of patilaMks. HIGH WATIE AT LONDON BRIDOI. Vair—garefa& A. 7 Athena" ft. Ns. IManam—illonisi, fah 71h. LONDON, THURSDAY, OCTOBER 18. WI have already, on various oceirdons, directed public attention to the perdu system of flosses in Preece, sad have expressed oar conviction that it ie fraught with serious danger unless carefully watched and oostroiled. Many cireassetanoss appear to in elitists that the attendee; et the Government is turned to the operations of the banking companies estab lished within the last few years, and that a disposi tion exists to avert, in some degree, the dangers we have pointed out, by controlling to a eossiderable extent the disposition to foster Boone speculations involved in their system of action. The remit cheek on the Wee of bonds by the Crfidit Mobilise, the raising the rate of discount on advances ea public securities—increseing at the same time the margin required, and the refusal to sand= any new awn ponies, are all steps in this direstion. It remains, however, to be seen whether these precautionary measures have been taken in sellisiest time to parry the oommereial pressure whisk we believe to be the inevitable remelt of the system to which we have fans time to time ;aided. The prineiple as which the reesady headed banking establishments profess to art is that of developing se far as poseible the system of commercial coedit, of utilising small capitals hitherto unproductive—or nearly so sad of distributing in Dew and more unimeens sheen& the profits of financial undertakings sash as have been hitherto absorbed by comparatively smell numbers of great capitalist.. The goodies's at the principle, and the satires' benefit of a system calculated to develop the imernimem ioduslrW encores@ of Frame. so im perfectly worked hitherto. so ems will dispute ; it is is the ;mans employed, or rather in the abeam of say easiest teak to the ease of those means, that the peril lies, which not only endangers the soo ems of those undertakings, but positively toads to imperil the very otdeet they an established to support —namely, the extension of commengal credit. The statutes of most of these companies empower them to make advisees on the security of shares and stook, sad to invest a portion, smastinees limited, of their capital in those securities. The managers are generally remunerated by a proportion of the set dividend, varying from 10 per cent., as is the Credit Mobilier, to 40 per cent. in some other companies. This mode of reanneraties, although admirably cal culated to edentate the mew of the &vetoes has also a teadesey to lidless them to ass all mean to maintain a high quotation of the various securities held by the company, sad thes,sided by the loans made at tikes emeriti= and by carrying over shares from , aceoant to account, to foster and keep alive thatepiritof Bonne gambling which seems to be a besetting sin of the Parisians. It is tree that in the east of a reaction, the managers, as shareholders, gaffer ; but on own experieses of public companies downstream that each a contingency is a very feeble restraint upon ass wielding moth mono= power as the large capital of some of those oadertakiop affords. The dividend recently annonned as the minimum for the current year oa the shares of the Credit Mobilise (2001.) gives rise to strong suspicions that radices is sometimes lost sight of, eves when the heads of the establishment are men of nee high changer and talent es those who direct the affairs of that society. A dividend of that amount gives about 116,0001. ea the share falling to the administrators, in addition to their profit as shareholders, and mast be mainly produced by taking the increased vase of shares held by them, as quoted at the Beane, as realised profit— s meet fallacious mode of calculation, bearing in mad the great end sadden fluctuations to which shares sad bonds have been ablest in Fans In sass where theme societies have the power of imuiag beads a ono supervision is doubly neenary, inas much as these securities are tantamount to bills pay able, die at a given date, and same means ars soca maleted to meet them, without depending mainly en the realisation of securities of such uncertain valve as shares is industrial undertakings, a wide-spread calamity mast at no distant period become probable. In the ass of the Credit Mobilier it is tree that the obligations are profess odly issued oily spinet securities parchmen t and whisk have a like term of redemption with these obli gati/as, and that sonsequatly as they fall due the securities they represent will become payable also, sad the roans of the latter will egaseqeently stable the company to pay off their own liabilities. When the securities purchased by the lane of these obliga ting are railway bonds this sonde practical enough ; bet in the case of shares in companies terminable at a given date, railway companies for instance, it proceeds ea the assamptioa that the sinking fonds of these asepsain will in all oases Waco to repass the capital a proposition to which we are by no mesas disposed to give aa unqualified assent. We all know the mor en the na tional sinking fend, " Is otiose d'asnortinessent qui Venetic TWO r and the dating fends of the rail way companies may not work meek better. To asks good any deficiency which may arise, the capi tal of the Credit Mobilise and its reserve fund are pat forth as a guarantee; bat as the total amount of obligations proposed to be issued is 600,000,000 francs, while the espial is only 60,000,000, and the reserve had is fixed at 2,000.000, the two latter amounts together leave a margin of little more than 10 per seat. The great danger appears to es, however, to consist, sot so mesh is the isles of so large an snout of paper as is the temptation offered to eseserage the formation of ocompasite whisk will absorb too large a partial of the lasting resumes of the eosenunity or, is other words, 'W M& will =evert too rapidly the fleeting capital 11111101: asesseary for establishing weak on a Arm Ihemadies lota axed capital, which dame ever the essumedal community to the evils of any Awehtl aids with their heads tied. In Engles" we have • ism this remit on wore than ea* ecusims. The re pedestive powers of this consul, sad the tepid ..Nome istios el ample@ profits, by far =seed say. thing that the most mageine an hope to see is 711111011 for many Tarsi but we eased forget that nay mosey markets prouder), may led te, the salami. the of 1626 and 1847, sad to the railway and geld eorapasy maim. Ifaresatly &airing to we tbe finesses of Fusee established on a solid basis, sad a free seeps given to the intelligence sad reseerose of her sapitabsts sad produeers, it is with se captions or depvedatory spirit that we poiat oat what we soesider the perils of the onus which sums to be most popular with the sauldtude, sad that we urge the Goverment (lfit will not &stela from inere woeld be better) to use both its power et esti= led ha still greater pewee of esusiis_to THE EXPRESS, THURSDAY EVENING, OCTOBER 18, 1855. its wheat+ 4011 7 estoevoroato MR Her to no the labearip: wood's*, restrain, instead audit system sad saideat the formed= dial powers operations, we it is cooly the an be iesdned that even those surplus profits should not betas rapidly absorbed. -The-Amenity or ambition of one IMO, we all know to our cost, may at any time neoessitate war Wish% and it has happened fortunately for Eng land...that instead of having to provide, u in 1847 and 1849, over 30,000,0001. per annum for railways, many of which might very well have been dispensed with, our floating capital has enabled ns to provide not only for all ordinary indastrial undertakings, but also for the exigencies of the State, without as yet overburdening the resources of the country. Up to the present moment France has responded nobly to the appeal made to her capitalists, great and small, to enable the Government to carry on the war with the energy becoming • great nation t but there are =mistakeable signs that the burden is becoming waves, and it behoves all true patriots to abstain from any coarse of action which, while creating a temporary appearance of prosperity by high quota dons, will inevitably imperil, not only the comma. cial future of France, but her political security, and possibly the safety of all Europe. Inc Court. WINDSOR. Oft. 17. The Queen sad Prime, with the Prime of Wales, the Prises. Royal, Prloss Alfred, sad the Primeness Allee, Reba% sad Louisa, attended by the Dashes, of Welltaitee, the Roe. Beanies Bye', Calomel the Rea. C. B. Phipps, sad Meier General the Rom. Charles Grey, left Balatteel at belt-pest 8 o'clock yesterday sondag. sad ar rived at Edishergh at a gutter pest 6 °Week. Tb. Dik. a ii•Mill0;•Bli ilia Doke of Baselsask bad tie hams et Malay win her Majesty is Use it Helms& Palau. Tii royal party left Elhaborib at half pad 7 Vele* this rosealag by • *raid Inds et the Great Northers Balmy, sad travelled is the Liag's-ates Maths, where carriers were la readier., wed dammed the royal party to Pad. Mares. Her Majesty reseeded from theses to Witcher by a *Niel trio, sod wird at the Cattle at a quarter betas II p.oe. TIN Prises Arthur sad Prises Leopold, attsaded by Lady Cereals' Barrington sad Onlosal ths Hoes. N. Hood, Iltfilld hiss Osborn st kelt-put 12 tsday. _ _ The Hoe. Caroline Cavendish sad the Hos. Mary Heel hays arrived se MI6 of Roam to Waiting. Lord Byrom sad lisjer-Geassal Baskley have silo arrived ea the Lord sad Equerry is Within to hot Majesty, sad Colossi Bey ram as &pony to Priam Alban. A deputation, soneleting of Henn. Stsebbery, Heat, Brown, lime, Oibbi.s, ead the Be.. G. PhilUntore, J.P., Gesrdlame et the Wyetaabe train, mad Hr. J. Horsous, the Clerk et the train, ►ad an ioserview yesterday wit► the Right Sec Z. P. Bonvevita, the President of the Pooriew Beard, at the °See is Whitehall, as the subject of the Hinilow Workhoise School. A depatadon, osasietieg of Messrs. George sad &awe, bad as laterview yesterday with the Bight Hon. N. P. Boaverie, en the sabjeet of peeper barials ia the parish of fit. Ana*, Bob.. The Otnertior and the Deputy Governor of the Beak of Baglead had aa latetview utth the Cho:ostler of the Ezebegaer yestoolay it Ids ellelal reddest* la Dowels,. street IRR MAJESTY'S RETURN FROM BALMORAL Hee Ifajorgy and suite loft Balmoral vi Tooday =ruin at half-past eight e'elesk, and posted by Baster end Aheyne to Benebery, where her Majesty wee revived by Mr. Joins Dintesa, eitainsan, Mr. Devideoa, depety shames of the Dead' railway, sad a distinguished party at the statist. The royal train left Beeskery at sight Wastes past twelve, sad arrived at the Ferry-hill Mallon of the Abashes railway at 38 minutes after twelve. Lord lease Hay, chairman of the Aberdeen railway, Provost Blakey, ..d the other ssegktratos of the city, revived the Qesia. Her Majesty arrived at ilteashavea at n atenese after one, and had imams ; lift at 30 mieutee attar 1, mad readied Forfar at 63 atiestos situ 2, Peak syll shaft alter 3, sad fitirlieg at 67 Wastes after 4. At these Matisse there were large seenableges, military beads, aad guards of ketsear, sad at addle., where tie depot ef the 42ad were draw. up te revive her Majesty, Caplan Windom, lately retuned hoes the Crimea, was reeognised and tolled lerward by the Chose& The train left Stirling at 2 =tastes past 6, sod arrived at Ediaburgh at a qauter alter 4--se penetnel to the time table that the seta Tula ties was only 1 rebate la 176 mike. Be. Majesty was teesived at St. Margaret's etatiee, Bambini, by the Dabs . et Beaks* Majter-Geseral Vino'.. Melville, Mr. Sheriff Oman. tbe Hes. Ceoleaal Debdel. to. The rad party drew, la a sareessies of &wed malaise is lielyreed Palace, said the 'Merles of a .es• adorable arembisp. Is the melbal. there her Mejeety wee remind by the Deka of Ileatiltew, the Lent Proven, &.. The perk was Head by the 7sh Drapes Osertle the lidia - ha/shake ad 284 Lasarhahin Kinds, sod the 72.4 earl 92.4 Illildeell Depots. ♦ Nista we beg tree. the Chub gams es the Que.'s Yode , by tw•ias her lllsjeaty left St. Mergarat's ela tion. Edinburgh. at • quarto/ before eight o'clock. Not withataMiss the early hour of departue. bell the loyal chimes tweed out to pay their gasped, to their Qew• a•d hat Illustrious Omen. Besides the royal carriage. the Dahl asasited of a• easteo sad tender, tus Ilestoolass fanfare tor servaste, page*, end ether attt•da•ti, testily canine for gladsome et the sera, flrat-dase earriage tor din tae sad the press, mad two earriago treeks. Leann et. Margares'a otatios, the trait passed Portobello at 7.40, Li verish at 7.4 i, sad errind at Dumber at 126, when there wee • payee et In salaam to take water into the mine. ♦t Ilsrerick•spamlweed, whore the train arrived at • quarter past 9, then we s slight stoppage he the purpose of eines, lb. anise. ♦t in solemn began 11 Vora the trent noshed the statist at Newastkrspea•Tyse. Str Majesty was nest eatbasiastioally resolved at this pent. The anise Meng bum stumped, the train promodod sea in some, and did sot span On vale its arrival at Dat• eagles at 13. Water Meng bow sapped to the aise, the ink }needed southward, sad wind at York at an salaam after 1, where the royal party stepped to lassiteen. ilex Majesty wee weleomed by • net mane Mae etln•s et York, ant was litany ebsered ea went trout her vantage es the basaL ♦fter • lapse et 35 saleater, the royal tesi• sena proesedod ea its way to the metropolis. . our Majesty arrived at the Ype'e•a.es stapes at Wi nn 41, sad was renind by anent mailmen *Malay eon anted with the newsy. ♦ large ausher it mesas aseenlbled to wimps the what. Sevaeal 'urines were is attentasee, sal the royal party immediately alter leaving the Inn promeded to Wi•dosr. The raid children mho Lave bees staylag at Oeberas dada. leer Majesty's strews la BsothM bit yesterday tee Leaded. THB ROYAL TRAIN AT Ma royal train arrived at Darlington Dank-top Stales yesterday a few miasma before sees. Aa humus orsolonse of venous bad serefebled. efee•Pt what a June primates of Palen wefe maspieemse, ems of their body, Mr. H. Nam, the late visitor to the Coen of 81. Paaebers, hales, ea paellas of the Daringly. Medina& lerthete, bees deputed to pasta, his Dmyel Higbee,. Prises Albert with as address. The eireareemaers will be beet gathered to.. the followieg : a May Upbeat year Royal Highase,—We, die Dhahran' sad Cesamittee of the Dafflastes Pelyteehele lebibitlem— sae el the mills objects of whisk b the licaldridas of a debt et IDOL es the bendies of the mirebealse issitattes la "sr towa...sppleesie year loyal Illehmose meth ebe reepees that b deg he ems lobe las at all thaw stele Ids whoa peattlem lasbmsomril Is ferwardiag the biamlage of elasettee. think yes fee the ;Weimar yes have goadoseeeded to Weed es, by the lees of a model el the Peery, the seepage s$ seetyiebeime of white have *Wed earth the adooireties of all gybe have esseeteed It. the at. it le lobe* the exhibition has hoes opened, be edemas timed *Meets have bee. ouppereed by the ..use Weal of ger tom la Meters red suds a awl the gamesome Moslems of all demo of lee Melesey's ratdesW 4Mle a net ./ earth, _ the *Swamp of natural Were*, the "sedeMped have a pride in bitsidedeg to your notice Darlingteu and its inhabitaats, to whose la- Stadion and pleasure your Royal Highness has deigned to contribute. With • timers desire that the loamy os which we greet year Royal Highness say be safe tad prosperous, we sake the opportunity of eapreerfory for the Clams a heartfelt treat that her raise may ever be—as sew it is—happy sad glorious, and that her people say lees prove *missives loyal, thoughtful, sad oentestal.—God save the Clews." Mr. Pease ales szldbited to her Majeity. h Royal High- aus, sad the P/iMONINIP, a swim metes sad other sped. sagas trout tits Nips/hale. The Prises aehnwledged the neap of the address. sad ales Mr. Pew's soartsey. The tray stood shoat tea minutes, sad left amidst hearty sheers. , LATE S T *Ws FROM ABROAD BOMBARDMENT OF KINBURN. We announced two days ago that the Allied Flats had sailed from. Odessa, and anchored off /Unborn. It will be men from the following despatches, which are of Russian origin, that the latter place is under going a bombardment (111 T 11.101210 TILIOIAPU.) ODESSA. Oar. 15. The enemy has landed a portion of his troops at 'Lisburn Point, near the Salt Lame, and in the evening six steamers bombarded the fortress. The tire was returned, damaging one steamer. ST. PETERSBURG, Oar. 17. Yesterday the cannonade between the enemy's gun boats and the fortress of Kinbarn was renewed. There is nothing new from other parts of the Crimes. Oar [allure it Kam is attributable to the great number of Generale killed at the commencement of ,the attach. XPEDITION IN THE STAITS OF ILERTCH. The Manileer of this day publishes a despatch from Admiral Brost, dated the Sad of October, giving the following details of a eacceesfal expedition against Taman and Fanagoria "On the 24th of September Commandant Bonet left Berta for Taman with 10 gunboats, an mi.% and a steamer. " Oa arriving of "anagoria he throw some shells into the redoubt, and protseded to disembark at about a mile from the fort. " Dosing this interval the Russians abandoned the place, and the Allies trait possession of it in the pre sence of a fore 3 of cavalry from 800 to 800 strong, which retired immediately a few shells were thrown among them. "On the following day our troops were employed in destroying all the homes in Fanagoria that could have been minded into shelter for troops at Cape St. Paul. Sixty-six cannon and four mortars were found in the fort t at Taman there were eleven 24- pounders buried in the sand. "By the Ind of October the destruction of Taman and Fenno& ens araptets. "The expedition wes about to return to Kutch. Commandant Bonet warmly eulogises the active co-operation of Captain Dall, with three gunboats." OtIOLICKY IN a THE CRIMEA. (1 1 11031 OUR OWN CORRESPONDENT.) CAMP BEFORE SEBASTOPOL, Om 4. An hale after the despatch of my last letter, I learned that, even while I had been writing, another change bad oome over the spirit of our chief's stra tegic dreams, and that, late on Chi . previotis evening, the first brigade of the Fourth Division had been ordered to hold itself in readiness for immediate em barkation—nobody but the " few" knew for what scene of action. In giving it as my opinion that all idea of any operations before winter had been aban doned, 1 simply stated the conviction of forty-nine oat of fifty of the regimental officers in the whole of our four divisions. Most glad am I to acknow ledge my mistake, and apprise yon that this evening the 17th, 20th, 21st, 67th, and 63rd regiments, with Captain Nioholson's com pany of sappers, and two (or three) batteries of artillery, embark either at Balaklays or Rematch, under the command of Brigadier Spencer, for some point which is u yet a secret. Bupatoria, Niche laieff, and Odessa are all mentioned; but to which of the three the expedition i• bound, only those in head quarters' confidence can tell. The ships forming the expeditionary squadron will sail to-morrow morning, and, through the ready courtesy of Sir E. Lyons, I shall accompany it. I have as yet been unable to learn whether or not this brigade of our own is to be accompanied by a supplementary French force; the mnallnees of its strength—not above 3,600 men—will, of course, involve a necessity for this, if the operations to be attempted are at all important. The only thing to be regretted is that this, or a much larger, move ment had not been made three days after the fall of the beleaguered town, when the enemy were dis heartened and disorganised by defeat, and the Allies flushed with all the impulsive energy inspired by their great and crowning success. Had the rapid advance of the French and Sardinians been pushed on from Haider beyond the Mackenzie range, and a simulta neous movementbeen made by an adequate force from, Enpatoria southwards, Prince Gortcbakoff and his dispirited thousands, thus attacked in rear and Bank, must have fallen a ready prey to their assailants ; and this would have been achieved a consummating triumph, not inferior in either its moral effect upon Europe, or in its military consequences to the enemy, to the overthrow of the great citadel itself. I have reason to believe that immediately after our occupa tion at the town, General Codrington strongly ad vised that this should be done; but his euggestions were overruled, and nearly a month has been allowed to pass away without a step having been taken to put the finishing stroke to our success. It may be taken as one sign, amongst others, that the form is not to be employed at a distance from the sea, that only one horse per company for each of those forming the five regiments selected is to so company the expedition. During the two days' interval since the despatch of the last mail, nothing of local importance has oc curred. The proems of stripping the town of its wood and roofing materials still goes on, as does the construction of our own and the French batteries to play upon the north side. These occupations, toge ther with road-making and the erection of cook houses and stables throughout the various regimental camps, form the only labours of the men. I may not, however, omit to add that advantage of the pre sent lull is very wisely being taken by the commanders of most of the regiments, to drill their raw drafts, who may be men at all points along the trout, three or four times between sunrise and sanest each day, obeying the stern behests of the drillostjeants by the performance of the simplest, up to the most difficult, pas ir OZITCICO. The rapidity with which very many of these new omen must have been passed through the hands of the "soldier-makers" at their various depots, may have been justified by the exigencies of service out here; but it certainly has had the effect of sending to, in many cases, very awkward and In tel:tient squads. Since sending yon a brief paragraph about the " break" between the 10th Hussars and the Commas near Kertch, I have learned some more recent parti culars of that rather dashing affair. According to this later information, the whole facts appear to have been as follows :—The commander of the French (*Yalu having planned a foraging expedi tion some twenty. flee or thirty miles into the country from Kerb*, requested the support of an English squadron, and, hating procured a party of the 10th Hunan, started on hie foray. On reaching a point some twelve miles from Kertch. be begged the Eng lish officer to remain there as a reserve, to keep open hie communication with the town, and proceeded on about the sew distance fur ther into the country, fill he found the ' needful supplies. On the following morning, when preparing to return, he found himself closed in on one of bis flanks and hie rear by a twit crowd of Cos- sacks, and at onto despatched a meanie to the officer in command of the English detachment, apprising him of his " fix," and stating that he would attempt to extricate himself by a flank movement, but would first send on the forage convoy with a strong escort, which he requested our men to meet and conduct safely Into Bartch. The officer, on receiving this information, started with half of his men to meet the caning convoy, but, after riding on for some dozen of miles further, and meeting with no trews of it, bivouacked for the night. In the morning, he found himself in a similar difficulty to that of the French man—hemmed in by a horde of Cossacks, and seeing no other chance of escape, resolved on the des-' , perste expedient of cutting hie way through the endreling host. The fight, as may be supposed, and, as I have already described, was desperate , enough, but, thanks to the desolating onslaught of our men, resulted in their escape, with a loss of fif teen—partly balanced by the slaughter of forty-five Cossacks. How this exact reckoning of the latter's casualties should have been ascertained I do not pre tend to explain, bat merely give the figures as I myself have them. What happened to the convoy I know not. The Light Divisioe races came off near Kenai ea Wednesday afternoon. bat were rather inferior in point of interest to those of previous occasions. About the middle of the proceedings, a luckless cur attracted the attention of some of the mounted spectators ; and, to give variety to the entertainment, an extemporised dog hunt was immediately got up. The " game" struck off across an old vineyard, and as the honey. combed surface of this piece of ground was not ex actly adapted for coursing, several bad falls were the result, the most severe one being that experienced by a captain of the 65th Regiment, who received a con cussion of the brain. If gentleman will gallop over pitfall►, they place themselves almost beyond the le tidiest* scope of one's sympathy for the mishaps that cannot bat follow. General Markham sailed last week for England, dick Inn, sad the sale of his camp effects took place yesterday at the bead-quartets of his Division. Ocr. s.—One of those occasions of delay, of which our system of procedure involves so many, has ps e t.l pooed the sailing of the espeditioa till t►sorrow (Saturday) evening or Sunday morning ; sad I there. fore open my letters to g ive you the news of the last twenty-four hours, which is of ze es importance. I mentioned, a few posts ago, th at tis French divisions and the whole of the hit* cavalry had pushed on beyond Balder, with the of turning the lines of the Belbect, and sem* I position beyond Manguplialch, to operate ce rear of the enemy, whilst another force teok thesis the flank Irani _Eupatozia. • Intelligeses teethe:lth camp to-day, that this first step in the grand °prise % has been successfully taken. A glance at the mapiti show your readers that the Mackenzie range trated by three pastes; it is by the most camera o f three that our allies have effected their "ry portant advance from the Valley of the Tellen eN round to Albat on the northern bank of the sorthe o branch of the. Belbeck river. From the entrake of the pus beyond Baidar to the near neighbooik o i of the Mangup-Kalch Fort, which commands the eastern mouth of the Aitodar use, they met lath es 'tumorous body of the enemy; bat ea machine 1 the fort, and reconnoitring , they foun d . strong columns camped along the slopes of the adjeten heights, and, to avoid a collision with these, mod e o alight detour to the eastward. Thence ft to river their line of march was unobetructed, end the / crossed at a point a little above Albat, where tie/ now are. They reached this village, however, do tog the night, and, when the heavy fog cleared away at dawn, discovered that they had almost et. tared the lines of a very strong encampment ti the enemy. The situation was critical; but, Mg; admirable generalship, the French chief side I show of moving forward his advanced columns, at if for attack, and the Russians, supposing that they rcly saw the leading division of • much stronger form, packed up whatever light baggage could be seised tt the moment, and beat a rapid retreat. Hed they discovered the comparative weakness of our allies, the latter might have failed in a way which woeldhets in some degree squared accounts for the affair et as Traktir-bridge; but by the masterly feint of the French General this mishap was happily stated, and their position secured. The intention of sending the whole of to meshy to winter at Subtle, has undergone a modillealke: thousand of the " Lights"—comprising the dith WWI Dragoons, with the 12th Lancers and the Cambium —have received orders to hold themselves in reedit:els for immediate embarkation for Enpatorie, ondsiti* command of Lord George Paget, and will be take on board, I believe, in the beginning of the erciag week. To be sure the force is small; bat ft is a movement in the right direction, and that affords some consolation to those who an kow we have as yet neglected to follow up oars* aces. Let us hope that the rest of the cavalry Nil. mints will soon follow for the same destinatia, accompanied by the Guards, Highlanders, and Thiel Division; and that the brilliancy of the operstiooslo be accomplished will iol some measure atone for de delay with which they have been undertaken. Wit the trench Divisions as they are, now beyond tts Belbeck, and a sufficient force on the march frog Bupatotia southwards tol form a junction, the semi; army must fall a ready prey into our hands, ended its capture the reduction of the Crimea itself is virtually complete. TER SARDINIAN The Afonigewr of yesterday has the following: GENOA, Oct it The Piedmonts.* government oontiame to mad Maple the Crimea, in order to keep tip the complete elides of the Sardinian Contingent. The magnificent sou dip, the Himalaya. has received en board • large quaky d (fleshing intended for a few English corps. To4sy efi faith the embarkation of the soldiers belonglog to thsOmm division, who form part of the second eapeditise.eit, those of the brigades of Savoy, Piedmont, sad tbs Bersaglieri Corps. The departure is flied for uoiletelt The other transports will shortly follow ; mead widdatill lest few days have left laden with provision's= umillsm The Genoese inhabitents, who in the main did sat isek islf favourably on the departure of these troops, bars sherd their judgment. Whatever efforts the republiesajeensk may make to lead public opinion tufty, the pod ems d the inhabitants will estimate at its true value these destig# cal dedamatioas. They now comprehend sad gees* appreciate the real advantages of hafilienee sad ;raw ties that must acerse to Piedmoet frost its abase whi Freese sad England. The country Is quiet. The weeder for the milt sad ilhaleatiou of the tame, which have beta held Is differed teens, do cot produce the streets that the spats of disorder aetteipatad. LETTER OF THE SULTAN TO GENERAL LA MAIMORA. The Piedonoistese Gazette publishes the following letter, addressed by the Sultan to General IA llaa =OM : . Gueral,—The heave troops which the Lag, ay Welt and intimate ally, has placed under your MOMS bare contributed to the brilliant victory gained by the e ih : el armies—a victory which worthily crowns so much NOP and bravery. I toogratalate you mad year breve Meer. illy Ora name and la that of my people, as I bate swags* laud oar bray. aloe the Eaglish and French. Team SP knowledge. your bravery as well u year own matey, sad the whole world admires the heroin courage of the mes d the nations now waited ►y the beads of an Won alliance. The takiag of a forte's' the siege of wbiell illustrate the annals of military history, is the best ttellP pease for their heroism, which their country will ova re member. The President of the Guard Council of IA General of Division Rifest Pasha, the bearer of them fre Gents, will express to you, General, by word of sou" si sincerest congratulations. I pray God to have yea ie holy keeping.—Done at the Pelee, of Tcheregan ea Os 7111 Lot the Moon of Mohermen, 1272 (the 28th of September). tad of faster, the too rapid eating= of a Weddell their appreelaika of the mesas adopted i which is not founded on tOrell known ittetrasties aid eseesemest. The setalogas which set basis. Desirabloas it maybe to Ai"! thin bill sibefOOTlOUtelliktiftes the al lof societies tor *eloping theitsdas-40 111 . Mil "' " kis, bai " “" II " vb of France, Sod lb! f their Ctl4 l " k• the fulliNing intaig " ..." st.l6 " lraver IV o f 4 w i t ai s idopb, .owls whom still Her to see re hunt _that 41 will not be thp that sod re aktike reward of their laboesq); reed I surpheffierojitAtilte eon' ilishich' " s that s'y of railways yid" las apnea like s red safely availablefrir such purposes, and work over the world, developing the rumness et the s se surplus profits should not betas rapidly sad Medial listless together for the totereheeP of 16.1 RUSSIAN REPORT OF THE ATTACH ON A despatch received yesterday at Berlin, from St. Petersburg, after ennouncing the attack of Kars by the Russian stay en the 29th of September, says that the reason why the assault wee unsurcsasful wee that several damn of high rank were killed or wounded early in the action. Cieneral Mearavieff, the Russian eommander, adds that the Russians, notwithstanding their loss, cap tured fourteen Turkish flags, sad that the blockade of Bars was meetabliabod on the same footing as before the assault. EXPRESS FROM PARIS. (wolf ova ows oinislzossist.) PARIS, WIDWIIIDAT 37w70. A strange report was circulated at our Bourse to- day. It was amemed that Russia and the United States of America had signed a treaty of alliance. There was also a rumour that the government had decided upon receiving at a discount subscriptions to the last loan above 1,000 frame, such subscription having been excluded from discount up to the present time. This measure would be one of great import. *nos, showing that the French government begins to feel the want of money. Letters from Tuscany announce that the procis of Lese-Majeste, which was instituted against many individual:. has been carried out. These persons were awned of divers crimes, and were suspected of being partisans of Masoini. The following are the names and sentences of the accused:— Antonio Martinatl, ninety months' bard la bour, to be followed by perpetual exile. Luigi Marchetti, jeweller; Luigi Orelli, Fulvio Mini, An giolo Corsi, and Based, all four proprietors, lifty-siz months' imprisonment ; Francesco Terruui, tailor ; Cesar Girard, and Nensooei, forty months of the non punishment for contempt of court. Several telegraphist despatches have been received here in the course of the day. The following came by way of St. Petersburg: Crow, OCT. 16. The seamy bas made ea hepartaat dreamt at the print of Matters. mess the Salt Labs. Towards maim, the femme of Vahan was bombarded by Os sesom.beetm The despatch add@ t--" The ire of the platy in reply was suoosesfal, sad one of the enemy's boats had bees damaged. In the Crimea the Allied armies continue to 000upy in considerable form the heights betas the Valley of the Upper Belbeek." Tamers, Oar. 16. The parbt•beat hes jest anfved, brimglog sews free Ooesteatthople of the Bth. The hulk Of the Aello-Tarklth Coaliegeat hes get out for Vann. There only ramie at the wisp of llaslak sone gendarme of the guard, who will est oat goon for Parsee. Keay et the Bonin primers have bees re moved to the Wee des Pella/I. The latelligemes hen Adieus Is dated the 12th of October. The las of Ithidgiesty Meg Ono had Wes selebrated la a Willful maser. The saw milaistry has published its programing. of whisk tees an the paimelpel pdals-14elity to the Hine,, the fidilineat of all obligating towards he** powers, the nalateseare of rigetraber. ens for the pabiis safety, gad reform la all beanies gibe edmdmistratiew. _ _ _ MADZID, OCT. 16. Tbs soalitisa of tb. slags rotators sad the dononsts, whisk was famed recently, la order to sun on a systematic oppositlea to the ministry. is dissivol. M. Broil. Fiona Minister, ranges IR his post. Tb. *bolero still nerseess. The tionsunsat seeks fro. the Corte authority to gnat • lose of Id stains of nab to the Company of tbs Ebro. The Pideie has the following Oar pirate earreaperiesee fraZ Odom allase that the itaiefam, after havisg segralatod tea mum of defames at that ph*, era eadeavearimg, fa addition, to reader *marl phis to sup ships of war tha estrum to the Bay of Khans sad *a mouth of the Beg. The Three per Cu..ts skied et 64fr. 86c. for the end of the month; the Feerkwl.a.Half per Cents. at 90fr.60e.; •sd the New Lean at 136 fr.; Orleans Railway Shares, 1,120 fr.; Great Northern, 11401 k.; Strasburg. 922 fr. 60e.; New Shares, 775 fr.; Perk and Lyme, 1,140 k.; Limo to the Medium. wan. 1,240 fr.; Weetwei of Fraser, 787 k. 60r.; Bor. deans sad Oette, 6901r4 Great Central of Franco, 603 k. 760.; Lyess and Geneva, 670 k. ; Bank it Oredk Wilier, 1,260.; Austrian Railways, 740 fr. lCount Iriequinast i varied as a work =Hei yowl by Elpiessatiets Ina great literati.. It is a made Wawa of Maps alma Vie Osman affisaaa. BANISH/LENT OF JERSEY DEMOCRATS. It appear. from the Jersey Arms, jut received, that the &palettes from the retest meeting rola- Owe to the alleged wattage to the Clues, baying wafted ea Os $t Govaesataat House, and laid before Ida tits resolutions whisk bad been passed, his Bus Henry sawed the delisted's that he would adopt immediate measures for ferrying oet the wishes of the Jeney oratminity. The same joins! states that as Monday the constable of St. Helier oommasiosted verbally to MM. Piaaelai (the proprietor), asbeyreUes (the editor), end Thomas, (the I distributor) of the Panel L'Hoomme, his lizeellenoy's sommands that they should gait the island ma or before Saturday neat. The proceeds(' of the meting Isavo,ll is stated, boss mosotaiostal to the Irma sad British gorseamosta, Dimmest. FESTIVAL. MUNSTER. WIDIIIISDAT. The Weather =dinned remarkably flue bare until dui lime M the ismer% shortly before 'midnight last sight, ekes rale set is, sad this iamb, proved anything bat iseitiag. The sensed lest sight at t►e Made Hall wss stesaded by a brilliast commay, Napkin the dice of the sanwesding seighboarhood, and parties from ihoubridp, Dadley,Weimsheispeee, Binsiegimm, Headley, Stoesport, sad Wereester. The hall was very seedy Ailed, sad there maid ass base isms stash lass than 700 people assembled la it It is well lighted with ges, sad the erps, with its white sad geld ems, of so asses arehiteitural pretemaions, looked te peat advantage by the light. Mr. &impose, of Binaisgham, both at the seerslag sad evening perform. smote, dispkyed is impabliitirs. It is a spbactid lastraniest ; its tre'mal.wu resarksd as peculiarly fee. Madame Ea desederff spin was oboist, sad the ladies betas particularly I pertiassious is their ispiries tato the same, is trasspired that she had ammewhat sampestedly preesaesd a little stranger" to bee hashead, bet that, fa the langasgs of the teensy, she wee doing "u well as maid be Impeded." The coseert wms suds sp of eseerpta frees the works of oar best enspeeen—Weber, Mosart, Meablesehe, Ysysi bow, Haydn, Spelt., Dr. Ants, Ike. It 'posed with the usgaillesst overture to " Oberon," to whisk atestsvpiese of Weber fall justice was dose by the band, which %bomb ssaserleally sot Woe& was Rest *caplets, sad bled the rooms with sees& Them followed laekes nub is" Mae. betb," the soU parts by lb. sod Mrs. Weiss, sad Mr. T.:T han, of the Wereaseer Cathedral shot,, who peewees a smooth sad dabbed tenor voles. The shores was palest— tho mho part to the words, led Stably, staSly time we a= lb tb' oases from a bellow was or delicately Ladled as to be perfectly decoy • dm The soma& from Mozart's Figaro, " Del visai," was meetly gins by Madame Novella, sad narrowly envoi sa emote. M. Balaton caseated a villa solo " Festal& au Ripka*" with more this his meal 'defame sad dreams, tbe talented artist recline at the 111.811 of his seisms task amidst a perfect Jainism* of apples's. Is the seritative sad air from Memart's "Don Otemaal," Ben Ilaiebardt displayed a Bedded laprovesmat both is yoke sad eseesties. His kite is aertably net ',stork. Mrs. Weiss swag 80yd.% toashiag ballad, "My mother Mb ma Wad my hair," with anal madam and simplieity, mad this closed the fiat part Nth. Nowt The sosoad spasm' with So mortars to .6 William Toll," after whisk Mr. sad Mrs. Weis Nag Nowt% duet, " Cymbal probe," sad Clara Novelle gam the mesa from "Der Freisebsts," "Bohn Was eyes be held him." The first adagio sevemeat, "Softly sigh. the miss of mealag," was &Palatal rewired ; la Si* semad adagio. "Oh I what Mimes dB ray Mossy" she was equally ellostim, and du esnaludiag lively smomment, "Sege again Is wean," was delivered with mai em panels sad William or to evoke ea aaeoloaear same. Mrs. Weir sad Mira Dolby nag a durst by Meadahmeha, " When's, say steps may trawler. ° vary ehastely, sad Mr. Weiss Wag moored is hi soap, "Marta, the sasa at muss," gam hi errs "Pillage Disk smith," la answer to the salL Was Dolby esag *pia her two favourite ballads, "Old stemeries," sad "Over the mos," asd Mr. R. Blegrom delighted his sadism by Ida masertisa sole, fatrodadag enema etateh sin with happy diet. Is the swine of the amain Miss M. Hamm, yang lady heat du immediate aslghboarhood, mad the protiti of ma isdasatial litearbeidge family, IRAs her Mad as • pablis slaw. BM meg two asap, " The Km. meld," Hark, mad Ilpehr's " Rees softly blooming," sad was gemereasly sad heartily smeared. This mass lady has a Mae deb soprano voles, and esseidotable modal taint. fibs prodseed a highly favourable impreosios. las le said to be a pupil of Cravelli. The somart was mewl ap with "Rai* Britannia." Notwithaandieg the mesafeetalsie Mate of the weather, the hall we Oa this worewiwg. with the salaam of a few a the book sears. The entado was Hasdel's Mersish"— a wear whieb, based of Wag by rep lities,owly amen to b. wee Wrath. the shear it is heard. The art ma • visa 'Restive es., Mr. Weiss taking the priwayal ba r , Clara Novelle sarem. sad Mies Dairy Lord Wad took the pre dente east agate, ala away the distinguished masa pant were Lord ad Lady Kinsale, Lent ad Lady Lytteitar, Lady Ward, Lay Georgia** Lyre, Mr. B. Pakiestew sad Lady Diem Pakiegtos, Roc T. L. Ciaeghtew sad the Rea. Ma. Claghtes, the Dowager Lady Raley, Rev. T. ilarawd. Rev. T. L Lyttilta, BA.. J. a. Isigram, Roo. G. Herbert, Dor. W. Douglas, B.ev. G. D. Boyle, Dr. PairS, tho Mayor of Kid. dosatassor, the Mayer et Warsaw (Mc Geodwis). J. P. Brown Worthead, E.q., Bishop of Wereater and Ma Pam the Des of Wawa: ad Miss Pal. &a Mist Dolby was es great as ear is thesis% "0 thou that tame." sad "He was daybed." Ia the lea teasel *to she predusad the anal thrilling ant* it woo liaised to with brosaless atteatios, sad at its alas was repeated by dabs of the President—ea homer a frequently aseerded to the lady is this pine that it ear a ease a • natter of sewn* Clara Novelle tuella hr the air " &jobs greatly." eat the amuse were, we say eay, almost Irish men ezeopties neguitleently gives. We ary seesaally wales the thersere, " Ala dm Mof 'imi." sod " For sate so," florist; the slash the babas resasised stadia', sate itualas Mho osoostios of the " lialifajab" shear. We shwa sat salt to wake Mr. Was s eplealid malaise if the sir " TM perahr that eat a' datums," whist' woe labs porta& Altogether the mbar we • MR Isisbed psrlsmaaess. Tas Dumas or CAmoszoos.—As %.m, wao ellsolei is the aims of the 'WI pat/ ea Prklay hy tba Dadra. et thattaiage sad the relaaato Mary to Pewit, Castle. of iheresaorkabie mania, poetereol by do easealwro el oar oval hooey. A. eleleoreebt 41114 his Deb. ot Cambridge, Mode( that the beam weal le at Pettit Note, aeon ,m, awl as bar berg haphoral bascules asvoidosi with d* hot, else espillosed • Ida to see Wet. The samoot she saw his tie aweless teeigilleed Ida sad ' resellesiol ray eiroaetateseao et the tins of Ida oarAstle, new SSIS lihsolD yaws ego. We we iatented. however, that ibises'', pooh' itoyd, sow readies at Lltryttlarth• peek) bell the sateas eettleg the We of the preetat Atka el f r whieh he nodose lie mouthy ui 314 1140 deadOeleser ha 11144141 M K.w, heet.722 . “ hulk Who ago. &Model* Ws twee, ow ■ peett igethesi do poise ilia trtahteod WNW. e=l lota bea the gee/ hahmeo t d uit ii r, sad thereby ronalltol thou does a otos*, If they had Reno. he the 1141141444 el woad hoes itiwi thotaito-eireid lei PLAN OF THE ALLIES. VIENNA, Oct l& Although by the latest accounts from Odes' allied fleets were still lying at anchor off that tree without having commenced hostilities, yet Whist bag transpired to contradict the intelligence I ham already sent you telegraphically and in my last letter that the ultimate object of the expedition is the liman of the Dnieper, and this is rendered the ses probable as the larger ships are known to have bad troops on board. It is certainly not impossible dal a bombardment of Odense may take place u a dif• sion, and till the arrival of the gun-boats and sionihg craft which have been sent on to reconnoitre the 01 1 .1 and take soundings of the channel. Bet it is act likely that any operations beyond a hombudwo from the sea will be undertaken at Odessa, whieh known to be garrisoned by a very Wog Raswa army, so that any attempt to land troop end la ke the place is the rear must be attended with o resto" and prove a failure, or else the withdrawal eo troops as would be necessary to insure meows waakea the army of the allies in the Crime, enable Prince Clortchakoff to take advantage of u" false step and manse the offensive. The Caw remarks that the reason why the BO gang have hitherto met with such signal Wu" all their operations in the Crimea is not a west bravery and perseverance on the part of the treollt nor from incompetency on the side of the coll° menders, but from the fact that the Rerun sow are taught to fight only in lug* mor e, by which , case of anything going wrong, they are u nit thrown into confusion, and their officers unable restore order. Another reason alleged is. that Z, commanding officers of corps have not saffici!!!_7,„, oretionary power, bet are obliged to fol low b the cider of battle according to one of the des sle terns in use in the Russian service, from which till cannot deviate a hair's breadth without expos'''. themselves to certain punishment and degreo. For instance, in the battle of the Tehernerhoi Russians fought according to the third s y stets. by lasiag thrown into confusion, were com beaten. L