The Express. — London, England, 1850-04-02 00:00:00

site envois. orroongo KULL TM alai be nabob, be Imes, sad BOOM ATM, wiU Ite snide up ea be swag. et Assil 4. TM Raft tor Brae Verb Maria sad the Ilaited limes be mode up ca the ',Wesel bleil TM mob lot Lisboa, Iris, end iilMYlarMC be nab ago ea April 7. TM mils viA MrMol.s, re Use Nediterreams, Onion. ledis, ReatLest& as 4 Mil be male apti l t 'waft e/ April S. TM West labs Nobs. eadadba Beromla, Haysasal. Noma, Hoydens, New OMNI% aal Mesdek lasladias limo kir Medeire, at. Jaarde•illbsemes. X.w Gnash, ead Pam 10 be model. OA APG 17. The mils ter Ciamissz, Naha, diresse, be teaks Limb, 11= Ceyks, ledis, sad Mak fierabeweas, mill up is be messias el Mat la. MOT WATTS AT WINDOW WUTITS TWA w.—Swaing. It Ws. WfwessAa. h. Ow TToosarT-1/Awiss LONDON, TUESDAY, APRIL 2. Tem probability that the quirter's revises, as can pared with that of the corresponding period of last year, will show a diminution in the net receipts ender the head of customs doliee, has caused more emotion swop certain people than the facts of the ewe appear in any degree to call for. On the one band, there ere gloomy looks and solemn words of explanation end regret, as if the result which has marred was not long since foremen, and calculated on as the necessary conse quence of lowered and abandoned taxes upon three of the chief articles imported for home consumption. On the other hand equal exultation is as unreason ably expressed at the presumptive proof thusfurnished of the decay of commerce under the influenre of free trade • as if any inference was to be drawn from the circumstance of a diminished revenue accreting from corn, timber, and sugar, on all of which we have agreed to forego the principal part of our fiscal exactions. Confessedly the revenue for the financial year end ing sth April, 1850, will be found to have exceeded very considerably that of the year ending sth April, 1849; although on the commodities we have named the state has imposed lighter burdens than at any period during the last 30 years. In every branch cave that in which these large remissions have taken place, there has been a steadily progressive increase; and the proceeds, coupled with certain retrenchments in the general expenditure of the country, present the surplus, sanguinely estimated at 2,000,0001., but which in reality may be taken in round numbers at 1,500,000/., about the disposal of which so much has recently been said. On the whole, therefore, we have sound and in telligible ground for congratulation, that the first year in which anything resembling an approach to emancipated commerce has been fairly tried, the financial renounce of the empire instead of tempora rily suffering, have been more than compensated by the augmented consumption of necessaries and luxuries paying moderate duties for the defalcation caused by the abandonment of the more onerous ones. But inas much as this course of abandonment was accomplished by suceeesiee steps, and was only completed towards the end of the expiring financial year, it follows almost of necessity that the income derivable from foreign or coicenial produce, most be less during the last three months than it was during the correspond ing period of last year. We want no subtle ex planation where there is in fact no mystery; and we fear no mischievous use being made of facts and figures, whose simplicity may well defy greater powers of mystification than those which disconsolate protectionism has at its command. But even were it otherwise we should wholly object to the species of economic casuistry in which some of oar contemporaries are wont to indulge, and which under the colourless form of financial analysis, covers political views and objects which are felt to be too peppiest for frank and open advocacy. A weekly journal whom peculiar function is pro hesedly to furnish the public with an accurate resume et ever thing . relative to trade and taxation, affects despoadsnry jest now because the net receipts of the customs foe the quarter are somewhat lower, as we have said, than those of the fist three months of 1849; and regardless of the advantage which its teas of reluctant admission may he turned to, by the poke-saseaseAs advocates of commercial reaction, it to recount a curious assortment of account cutlass, all of them connected with that pe- E: as • view of foreign politics which it insidiously endeavours to sustain. The republican party has shown a determination not to be jockeyed back into monarchy; the petty sovereigns of Germany have refit ed to keep the promises they gave their people to concert with Preemie the constitutional means of securing something like a federal unity ; stave all, the Pope still delays his return to Rome ; all which, exclaims our contemporary, shows an ens. teed state of political feeling on the Continent, and all which prevents British industry from working, British mer chants from trading, and the &kith means front flourishing as it would otherwise do, Now we do not mean to deny that such convulsions as those of 1848 had on effect upon commercial specu lation and employment in this country. Neither do we think it necessary to theorise upon the possible effect which changes of like moment might produce upon our industrial affairs, were they to ooeor again. But we contend that a more mis ehieeens delusion cannot be conceived than that of supposing that the ordinary fluctuations of German, French, or Italian politics are to be watched as the weather-glasses of our financial state. A violent revolution comes but seldom, and it comes suddenly. Public credit is for the moment parslysed, and public thought spell-bound for the time by en rionty, hops, and fear. Then things resume their ordinary po.itioo. The intriguers gather con • and begin to spin their webs anew. The corrupters steal forth ono. more and bribe paltry princes, and still more paltry journalists, to get up terrors and alarms and pleas for reaction, all which are duly chronicled in certain pages, and re tailed in certain cliques in this country, whom preju dices against p op ular power render them a ready prey to the knavish imposture. But to pretend that the entire sum of logitimitist perfidy and plotting, whether east of the Rhine or west of the Rhine, north of the Alps or south of the Alpe, is regarded by the great =twos amongst whom it is tolerated as of more Importance than buying and selling, making end consuming what their daily wants require, is sheet absurdity. Whilst the attempt to pi reu ade our commercial dames that the reason Sir CHARLIS WOOD has not a greater balance in hand is because Pius IX. still tarries at Gaeta, or the Erfurt paint. neat is still short of delegates from Hanover, or 111. CAltwoT has been returned to the French National Assembly—would be one of the most pernicioth endeavours to disseminate error that we have ever heard of, if it were not one of the most transparent Moo". There are, indeed, questions of foreign policy that nearly touch our mercantile, and, therefore, our finan cial fortunes ; but they are not those which the anti liberal party in parliament or in the press are most given to talk about. In the main our material inte rests are thorn u&y in harmony with our moral sympathies. Alutism, however cloaked or excused, is injurious to as as a manufacturing people, because it is repressive of the desire for popu lar improvement and interchange, which would make its vassal., were they emancipated, valuable customers of ours. The wood of the many everywhere is one and the same ; but unhappily there is too much of a smiler identity between the advocates of oligarchic male In every part of the world. THE great secret of commercial success in England is, assuredly, facility. Enterprise does much f or us; Ist marries wouM be without opportunity, if there' Vary no aseraamodstion. Capital and wealth are rendered doubly available by commercial confidence; sad merlons losses are hourly prevented by the readi sem with which advances are obtained upon every deneription of motility and guarantee. Nothing in the commercial world of England is permitted to lie idle. No sooner does a man accumu late capital than lie makes it available as the repre sentative of value. Whatever shape it may assume, convertible imenediatalli or col) at a distant date, *P• portunity is opsu-to bi.os of making it subservient to the readied purposes. Whether it is dock, or bills of exchange, shares, or bills of lading, title deeds or dock warrants, that he posaysee, he hu only to walk into the counting-boas of the nearest banker or bill broker to whom he is known, to receive polite atten tion and advances of snowy, at the current rates of the day, proportionable to hit requirements and to the wain of the democrat, he proposes to Aspeeit. It has been of great r.dvastme to the banking and commercial comarr.airy of Beirsad that ft barn been possible to accomplish these operatioae without any istereentin of t'Ail law. There are few =au of lite in oar contry with which oar Ryden of law or wades does sot ra Rime slaps iatermeddle. But, ha ly fir migraine, this system et banking sam modstiea bas been maptuutively free. Only is iso lated sad erelosptional intances has it bees considered accessary by beakers to obtain from their customers additiosal guarantees ether than the deposit of their esonritise, sad a reseal authorised= to convert them is **event of sea-redemption. Who proposes to meddle or iaterfere with arrangements eo deeply important to British sem mace, and to the capitalists of oar sentry The CIANCZLLOIL of the EICHIQOIII : the brit sental representative of the morretary inmost of Britain. In the new bill for altering the sbmplaw., several most important alterations will be hawk iseply affecting the question of deposits by way of secant, with bankers. In order that the case may be made clear, we will print is fall the clans under the head of " Mortgagee," to which we specially refer, marking in italics all the nem conditions now for the first time iatrodoesd. The dams impoms the a valorem duty as follows: _ _ " Also say agremneet, sientrose, bead, or other writing wilateemer, moompanted with a deposit of a title deed or this deeds, or Meer instrument or writing, relating to any property, matter or Ming, for malting a man gy% walla& or say seek osorrity or tionversam as aforesaid, of any lands, Mato, or peeperty comprised le rash tide died sr deed*, uselnweent or writing, or for pledging say sash deed, isistrunamt or writing, leeda, estate, or pro perty, moiler or thew, in Ms or /gouty, se a security, or whamby any sunk deed, instrument, or writiv, leads, estate, property, neater, or thing, shall be made or shall be or become cloned or affected as • security in law or equity." On these are to be levied the ad valorem mortgage duty. Now, it will not require much consideration to arrive at the conclusion that here is a most important alteration in the stamp laws, and one that must neon eerily involve endless difficulty,dispute,and litigation. Reed the clause without the words la italics, and it will be seen in an instant that the act has heretofore limited the mortgage stamp to " agreements accom panying deposits of title deeds for making a mortgage, wedset, security, or conveyance of any lands, estate, or property, comprised in such title deeds." But under the new stamp law, the increased mortgage stamp must be affixed net only to all agreements of the nature just recited, but also to "all oiler writings whatmerer accompanying a deposit (not only) of title deeds (but of any) other instrunwut or writing relating to any property, matter or thing !^" That tie effect of this will be to bring under the operation of the clause all writings accompanying Mork, shares, dock war rants, &c., deposited with bankers as security for advances, there cannot be a moment's doubt. And if this law passes, no banker in justice to himself or to his other customers will henceforward be justified in accepting deposit even of the best security for an advance without having their authority to convert it, written upon paper, bearing a ramp proportioned to the considerution. Let us glance at one or two of the eases which this alteration will affect : cases by no means the most important, but which present themselvt 3 imme diately as illustrative. Loans upon the deposit of railway or other shares, &c, are managed thus, even when there is a transfer : The transfer is executed to the lender (say a banker). in consideration of a " nominal sum ." and a memorandum is signed that such transfer is intended to secure a certain amount, ' say, three-fourths of the value of the shares; and that in certain events the lender shall be at liberty to sell the sharie to repay himself his loan, interest, &c. At present, this memorandum does not bear a stamp. Hereafter, it will be subject to an ad valorem dnty. Bills of lading at present, pus from hand to hand simply by endorsement. They are frequently the subject of deposit, as they give the holders the right to the cargo to which they refer. The memorandum setting out the object of the deposit, abd the amount it secures, does not at present bear a stamp : under the new law it will be invalid without it. Jewels and plate are not unfrequently deposited with a memorandum stating the object and the cir cumstances under which their sale may be allowed. This memorandum most henoeforward bear an ad ~lures stamp on the amount advanced, or there can be no legal conversion of any of the plate. Deposits of this sort, it must be borce in mind, are made chiefly to avoid the delay and expense of an actual transfer where the property is susceptible of transfer by deed, or to avoid the lees consequent upon immediate conversion where it can only be parted ' with by sale. These arrangements are therefore not l oaly valuable for commercial purposes ; they are also provident in their character; and to levy a heavy tax upon them is to tax the man who is seeking to borrow to the best advantage. Advances of this nature are usually made to parties who are in some credit. 531310 bankers and others may therefore be disposed conveniently to argue that this new law will be of little compa rative consequence, inasmuch u their relations with their customers will enable them to evade it. At the present time there is little doubt that the duty which ought to be taken on agreements accompanying the deposit of title deeds is evaded largely. Parties argue that if the worst comes to the worst, they can get the agreement stamped after execution, by paying the 101. penalty. But let no one flatter himself that this can be the case henceforward. The CusecuLon of the Exenzeivita proposes another new clause to hit evaders. It is as follows: Provided, that if the some be stumped at any time after the elocution thereof by say party, it shall take tied as a charge or security for or in respect of any sum to which the stamp duty so impressed thereon alter such execution shall relate, only from ilte day on whisk it Mali be so atantped, end not before. The effect of this will be, that no interest whatever will be recoverable in respect of any advance so long as the agreement remains =stamped. And not only this, but cases are very likely to occur in which the principal and interest may be het together; as for example where a deposit is made to obtain a loan for a limited period, and that period expires without the memorandum being duly stamped. No banker or money dealer will be justified, under this new law, in advancing moneyon the best security, except the deposit is accom panied with an agreement bearing an ad volorens stamp of 10s. per cent., or 51. for every 1,0001. advanced. In justice to themselves and to their customers, bankers mast insist as naturally upon a stamp being impressed en these agreements as they now do in the eases of bills or notes. One point more remains to be adverted to. It is a common practice with first alms merchants in London to take a running credit with their bankers upon the security of stock, Bro., placed in deposit, —such credit being often to a very large amount, and being drawn upon as circumstances may require. Under the exist ing law a 25/. stamp covers the agreement accompany ing the deposit of the stock, &c., whatever is the amount to be secured. The new law, however, has this proviso : It the total moots of the money mewed or to bs ultimately recoverable. shell be uacertala, and without say hunt, that the same shall be available es a security or charge for such amount only of loamy or stock as tAs ad warrens deity will extend to cover. A stamp of 251. will only cover an advance of 5,00 W. A running credit of 60,0001. would require in future a stamp of 2501., and so on in proportion. We point this out for the benefit of bankers who, if Sir Queue WOOD'S MGM* bermes law, mast look to their stamps as well as to their securities. FATAL ACCIDENT ON THE MEZSZT.—We regret to aaeounce the death of Mr. Lowndes, judge of the Lim ped County Court, by an unfortaaate casualty which im mured on Sunday night en the river. Shortly after 10 o'sloek, as the &womb' steamer neared the larding-stage to lead tier passengers, a gentleman was observed to step to the gangway, imaginiag, apparently, that the usual ber was stretched across the gap in the bulwark. A person plaint hastened forward to arrest the gentleman's progress, bat too late. Another individual, almost at the same me meat, sprang forward, with the intention of jumping over board alter the unfortunate gentleman, who was then being mated away by the incoming tide. The same person above alluded to grasped his coat to prevent this attempt, and for a few seconds succeeded in restratniag him, bat at length the cloth tore awain Ida hands, and Mr. Lowades' eon plunged Into the river In • Wave but, unhappily, futile attempt to eve We father's LW. lateen anxiety prevailed ea board midst the darkness, but boats immediately put off from the leading•Map,and, after setae time, succeeded in *k ing up the eon. Mr. Lowades, sat. we regret to say, was lest; and, so far es we can mortal:4 his body has sot yet beat leoevered. Kr. Lowed" jos. was teamed to the reteita.y. Iwo .c, end toesivod every Walks. roe 1 Ter Aoouunt. Wan. I,oll•ll2s—PiGiCrtiotot: . 55 50 35 IS . 90 20 90 0 • •• l e Pt • 0 SPAIN. THE EXPRESS, TUESDAY EVENING, APRIL 2, 1850. FRANCE. WU, Mennts, S litsosassi is you some dale ago eat a meet it samara was in peepareden, with the view of clearing Paris bora an •secutbulation of dangereas matter, la the shape of mums who cannot give a ea dilatory awns, of themselves to tbe pollee. It was than cepseted that a bill on this gabfest welid be Wisdom' to the Assembly. The executive has, hew ever, takes the matter into its own hands; and to day ea order was given lee all workmen eat of em ploy, and not Wangle( to Paris, all returned eon visa, vagreaM, sad breiguers withal empties, to quit Pans inunsdietely. All the preliminary mar aura saoeamry to insure the effectual and unassisted oceentien of this order had been takes by the police with the &slat esereey. Military preoestioes were takes, and the troops had orders to remain is bar racks, ready to march on any point where their service, might be required. The pre cipitation of the government in *ding from the capital some thousands of persons, who are already in a wretched state of poverty and destitution, and will be thus plunged into svvern distress, scattered Isoneelem and breadless on the roads, as only be justified by the most incontestable proob of the im minuets of some outbreak in the capital, which requires extraordinary rigours to be resorted to for the make of the public safety. In any case the government has, by dispensing with the consent of the legislative body in a measure of such grave im paction, contracted a heavy iv sponeibility. The most sassed right of the abject, inviolability of domicile, has been flagrantly infringed by an arbitrary stroke of power. In the Assembly to-day a letter, written by M. Vidal, was reed, declaring that he had decided to sit for the department of the Bas•Rhin, in consequence of which a oew election will take place at Paris. The monthly bellottiog for the bureaux was then pro ceeded with. Afterwards the Attpmbly resumed the debate on the budget. M. Piacatory's motion to keep on the caudate at Syn was adopted. The hone then proceeded to discuss the budget of the ministry of Poblie Instnetios. Various redactions were voted, amounting for the persemnel to 6,000fr.,f0r the matiriel to 4,000 fr., for the general services of the University to 20,000 fr., for the &oh) &male to 4,000fr.,f0r the faculties of theology to 5,000 fr.; and a reduction of 42,600 fr. was proposed by the committee on the faculties of medicine. After some discussion this chapter was adopted, as well as the following, relating to the faculty of lettae, amounting to 471,696 fr. Two more chapters, one of which related to a school of pharmacy, having been adopted, M. Mortimer Ternaux presented an amend ment relative to the cost of secondary instruction, proposing a reduction of 300,000 fr. in the lyceums and communal colleges. M. Marie is mentioned as the candidate to be started by the conservative party in opposithin to Oirardin for the vacancy which occurs in the representstion of the department of the Seine. M. Marie, it will be remembered, was miniiver of justice in the provi sional government, and afterwards one of the five who consented to manage the affairs of the country during the perilous crisis which preceded the days of June. The President gave on Saturday a grand dinner at the Elyse., aewhich Lord Brougham, Lord and Lady Normanby, Lord and Lady Aylesbury, and other foreigners of distinctioc, were present. The President gave his arm to the Grand Duchers Helena. It is the fashion on these occasions for an sidr-de-camp to cry out the names of the persons in the order in which they are to go to table. To the surprise of many, Lord Normanby's name, instead of hoing called first after the President's, was tilled last of the whole rt pay. A protest of the provincial journals against the , press law had been presented in the Assembly. ' Then exists in the south of France " says the Napoleon, " a revolutionary society called the 111on tagnards, which is nothing else than the continuation of the Sclidarite Republicaine. This society is organised in all Provence, and has remificatiots at t Lyons, Saint-Etienne, and Grenoble; and if an inane ' rectiotal signal were to be sent from Marseilles, t Toole°, or Lyons, either for the refusal of the taxes, or any other measure, there would be immediate action on the two banks of the Rhone. The principal chiefs are known to the authorities in the towns in which their action homed dangerous." The Napoleon urges the Ase;mbly to decide without ' delay the fate of the repressive laws on the press and clubs ; sad then to proceed to the examination of the Mlle on juries, mayors, end transportation; and next to bestow their attention on the budget of 1831, on the bills fora pension fund for the pen, for mutual aid societies, for public washing-houses, and the credit fancier. Th. President of the Republic went on Saturday, accompanied by the Ministers of the Interior and Public Works, to the Palais National, to inspect the plans in relief of the Central Halle, made by M. Horean, the architect. The general half-yearly meeting of the shareholders of the Rouen and Havre railway took place on Satur day. The total receipts of the pas: year amounted to 1,849,2931., and the expenses to 1,407,9391, leaving a clear profit of 241,334 E, and giving a dividend of 61. per share. BOURSE. FARM, Aran. I. use las ro 1 ss es 20 30 f 29 93 120 20 3 par Oasts 5 pm Cents. 5 do. New Lam . . I NJ. 4 per 0414;5. . . . 4 per Coss. . Imeasse on L....... I 4,. daj% IS 841 ; 10 days72s 74. " Dstss, 3, 1149 8, INS ,sB .. Boma Loma 1849 776 ~ Do. 44 ... . .. Ds. M " O 774 . lb. 14 — Do. Bands— 45 Pildsseat A per Owls 84 OD ~ Doak Mazes MOO 910C111.-1. Germain, 340 (leftbsek), 147 50; Parts and() Avignon and Marseilles, 190; and Vierion, 313 ; Orleans and Paris and exasboorg, 337 40 ; Ulm (right teak). 177 30; Da 6 770 ; Paris sad Woes, 512 30 ; lig sed We, 111 23; Orissa. ~ea, 2107 50; liortb. 427 30; ,orl MM., 241 V. At Madrid all the opposition journals were contis osted on the 23rd, for animadverting en the thraldom in which Nava: keeps the Queen. The Gamed of the 27th contains a decree granting to the Ministry of Marine 30 millions of realm for the construction of six steamers. The Minister of Finance is authorised to raise a loan for this purpose. Another decree enacts that all the iron machinery for the nee of the Spanish navy is to be furnished by Spanish manufacturers. The differences with England are said to be on the ere of settlement. We find the followieg in La Swew of Berne: "Our spirit of impartiality has led as rather too far in estimating at 10,000 the number of the opposition party which assembled at Munzingen. The ground which was occupied by the respective parties has been since measured, and the ndieal and conserva tive parties who performed this operation have agreed in their calculations. From this it appears that the conservative party had 12,000 men on the ground, and the other only 7,000 ; indeed, two engineers who were present state that the number was • third lees. All the impartial citizens who were present may that the conservative party were much more closely placed than the others, who stood quite at their ease, and had a large spaoe dear round the tribune. ITALY. Letters of the 21st, from Naples, state that Filen gieri arrived from Palermo. The Pope was expected to start on the 6th. The Count of Trapani would embark on the Ist of April to go to Flamm. The Carobs° publishes a diplomatic note, addressed by Cardinal Anton*lli to the Marquis Spinola, Sar dinian chargé d'affaires at the papal court at Naples, dated March 9, relative to the ecclesiastical disorders in Piedmont. Cardinal Ganoli arrived at Rome on the 22nd. SARDINIA. In its sitting of the 27th ult., the Chamber of Deputies of Tarn votml the bill concerning indemni ties doe to the inhabitants of the provinces of Novara and Lomellina, for losses sustained during the war, by 108 votes to 11. SWEDEN.—Lettere from Stockholm announce that by a general order the Swedish navy is put on a footing of war. The object of the meant° is not known, bat it is genera ll y believed to be merely pre . munonary against all the eventualities which the pre -1 mat complications might bring about. month. GERMANY. PRUSSIA. Berlin Jimmie of il;eilZ1111. 'Meioses, to hand. Whilst probably through as indiscretion of the Remise legitioe, the old Petenbergh deepatok—sot note, et the 8111 of.Fehreary—appeared is the Weser Zobret, nod other papers - hostile to Prussia, a new &spank has, it is said, been handed in by M. von hisysaderf to the Presidia cabinet. As to the earlier &epee* with which the mimics of Gummi von Rauch to the Doehles was incorrectly mid to hue been connected, it has met with sash a reply from Ponds es not only proved that Prussia carries out the coanation nepotist the armistice in the roue in which it was concluded, but it is notorious that she gave a practical answer thereto, by her refuel to re ceive the Danish minister at Presider/. Whilst General von Radowita gave Prins. Oortschakoff politely to undentand, that the emperor was at liberty to state at Copenhagen, that the party which first took up arms, would have the great powers against it, Prussia has asked for reflection in the affair of the duchies, and has given way to Russia a little ia her first proposals, as in her whole conduct on this question. The Russian despatch which was handed on the 28th on the Ger man question is drawn up in a very conciliatory tone. A similar dispatch appears to have been mat to Vienna; and in both a mutual good understanding is earnestly reounneaded to the two great German powers. Moreover, the discovery has been made that the narrower Bunderstaat of Prussia is not inconsis tent with previous arrangements; only they cannot comprehend in Petersburg how the narrower Bund can be reconciled with the wider. Also the opinion is entertained in Petersburg that the narrower Bond is directed not so much against the rights, as against the existence, of the older Band. This Russian com munication has besides met with its reply in the speech of M. von Itadowita before it was published. Oar correspondent writes as follows : ERFURT, Miami 20. The conditions appended by the Verwellungs-Rath to the adoption of the constitution en bloc, have met with great opposition. They are, as I announced yesterday, the excision of the fundamental rights, and the substitution of a simple majority in that para graph which requires that any alterations to be valid must be voted by a majority of two-thirds. The Versoaltungs-Rath has made these conditions impe rative. In the committee of the StaatenAmia Car lowitz, the Saxon plenipotentiary in the Verwaltung.- Rath, declared that the excision of the funda mental rights was demanded at the instance of the Prussian government, in order to avoid the necessity of making any alteration in the con stitution for Prussia, just adopted in Berlin. Radowits communicated these conditions to the committee of the Volkshatts. In both committees the opinion was loudly expressed that the govern ment had no right to dictate to the members of either house the course they were to pureue ; that the revi sion of the constitution belonged to them, they being called together for the express purpose, after the united governments had adopted the draft, which was now order consideration. The committee of the _ . Staatenhaus have appointed a sub-committee to report upon the matter. It consists of Camphausen, Von Patow, end Sybeler. Their report will be made this evening. In the committee of the Vulkshaus, of which Camphausen (Cologne) is the reporter, the subject was referred to him, together with the sever.l propositions made by individual members. One of these is to adopt the constitution en I,loc at once, and then procetd immedia'ely to the revision ; another to do the latttr Brat; a third to edopt the constitution, recommending the united governments to make the alterations in question at a subsequent period. It is expected, however, u the conditions required by the Verscallungs-Rath do not so much touch prin ciples ■s the form, that they will be acceded to by the majority in both hours. BERLIN, MARCH 30. The Vouiche Zeitung of this morning says that another note has just been despatched to Copenhsen. The Prussian government is described as declaring that in all further negotiations it intends strictly to abide by the preliminaries which it has proposed; but that, with regard to any differences on the internal affairs of the duchies, it would not oppose the ima gery' which the King of Denmark, in his capacity of Duke of Schleswig and Holstein, might take in agreement with the representation of the country. The uegotiations continue in the same position; nothing has been settled. Hadovntz arrived here ye s'erday. He attended a cabinet council this morning, at which definite reso- lutions were adopted with r;Spect to the future course of the governnunt of the Erfurt cmstitution question. lie will leave for Erfurt to-morrow. The Wurtembcrg Dist has been adjourned for a There is a dearth of news at this moment. On account of the Easter holidays, which c)mmence with Ocod Friday, only a few of the journals appear, and these at irregular intervals. HESSE CASSEL. Letters from Cassel, of the 28th ult, announce the return thither of the prime minister, Hassenpfing, from Erfurt. The Hessian numbers at Erfurt admit that the speech of General Itadowilz had made a deep impression. PORTUGAL. [By Electric Telegrspb.] SOUTHAMPTON, TUESDAY MORNING. The Pacha has just arrived from Lisbon, with dates to the 29th March. The law for the press passed the Deputies on the 23rd. The Bank Charter passed without alteration. The finance minister has solemnly dc :laced that payments will not be stopped, but that he will go on paying all debts due regularly after July lat. The British squadron arrived off Lisbon on the 26th, and has taken up a position which has caused some alarm. _ _ --- Au American squadron is expected, to enforce Exchange, 54! ; discount on Bank note', 18 per cent. MALTA, Malice 26. It is reported that Austrian Lloyd's Steam Naviga tion Company intends to run a line of steamers from Trieste to Alexandria, touching at Corfu and Malta, and vice verso. This is just the line that is wanted, and one that would pay them well. Let the steamer leave Trieste on the 26. h in the morning, on the 28th she would be in Corfu, leave the samo evening for Malta, and arrive on the 30th. Here she would have ample time to coal and prepare for starting for Alexandria on the let or 2nd, immediately after the arrival of the overland mail. Pusengers by the French steamer of the 24th, 25th, and 26th, from Marseilles and Italy could and would esprly avail themselves of an Austrian Lloyd's boat; besides, in stead of having only Trieste open to the 261), passen gers could also be booked in London and Paris to join the steamer at Malta aiei Marseilles, Everybody here admits that some competition is wanted in the Alexandria line; and, did the Austrian boats run, I venture to predict thit half the passenger. on this line would prefer their comfortable aooommodation, at half the cost of the Peninsular and Oriental Company, to the privilege of being a first-clans passenger, at an extravagant rate, and one which many cannot afford, bat must pay, or mess with the servant,. In Austrian Lloyd's boats you par 121. from Alexandria to Trieste, passage money in the first class; table money, ss. per diem, with extras, may amount to 50s. mom. Thus,for 141. 10s. the Austrian Lloyd's Company will now carry you a distance of 1,200 miles, and feed you too. The Peninsular and Oriental Company's steamers from Alexandria to Malta, charge a first-elan pas senger 121. 10e. for a distance of 810 miles : thus, for 21. more the Austrian boats take you half as far again as the Peninsular and Oriental boat.. The second elan passengers in the Austrian boats, are, in many circumstances, on a footing with the first, at about two-thirds of the expence. In the Peninsular boats, a second class passen ger must mesa with the servants, and dare not approach the quarter deck. I have heard scores of persons who have travelled in Austrian Lloyd's steamers, speak in the highest terms , of the excellence of the baits, the goodness of the food, and the kind s.= and urbanity of all their officers. H. M.'s steamer, Spitfire, came in . yesterday from the fleet ; al'o 11. M.'. steamer, Triton, with the mails from Corfu and Petra.. The screw steamer Dumbarton Youth, left Malta for Cnr.tanti unpin as the filet : when ninety mike to the eastward of the island she sprung sleek, and returned to port an the night of the 22nd: she had gone into the new dry dock to be repaired. The Spitfire brought down the mails of the French strainer Limier, which got ashore in the Dar danelles.. Hi& steamer Porcupine took out her mail., and carried them to Athens. t Lient. D'Augilar, late of H.M. steamer Firebrand, came down in the Spitfire, having bean tried by a wart martial foe fighting with the second master, and sentenced to be dismissed his ship and put at the bottom of the list. He went home in the Lone. CAPE OF GOOD HOPE. Cape journals to Jan. 19 state that in consequence of the 16th being the first day of the criminal ses sions, the meeting of the amoolation wu but thinly attended. No business of importance wu brought forward, but several most interesting communica tions from the country were laid before the meeting. One from the chairman of the Anti-Convict Associa tion at Oraaff-Reinet, which inclosed the sum of 611. 16r. 9d., the amount collected in the village of Richmond towards the indemnity fund, by the Rev. Mr. &enrage. The sum of 161. les. 6d., towards the Mlle obiect, wu received from Bredaadorp; and letters tom Swellendam and Burgheredorp sated that collections would be raised as soon as the necessary arrangements could be made, towards this fund. A letter was received from Wor cester in reference to a sale of cattle by Mr. Gluier, and letters from Malmesbury and Cradock, with copies of resolutions which had been adopted by the Anti- Convict Associations of those places. A communica tion was read from J. 0. Smith, Esq., of Port Eliza beth, which inclosed the sum of 661. towards the damages and expenses incurred in the case of Norden v. Fairbairn, and which had been collected at Pert Elizabeth within a few hours after the deo.aion of the court was known there. H.M.S. Athol', F. P. Paten, Big., sailed out of Algoa Bay to'rable Bay on the Ist. AMERICA. [FROM OUR OWN CORRISPORDRWL) LIVERPOOL, MONDAY, MIDNIGHT. The steamship Canada, Capt. Harrison, with a fort night's later mails, has just entered our river, having sailed from Now York on the 20th, and Ilal.fax on the 23rd ult and after a rapid passage passed Holy head this afternoon about 3 o'clock. The Canada had a large number of passengers on board. There is no political news of importance by this arrival. Mr. Calhoun was not expected to survive above a few hours. Upwards of 80 lives had been lost by the burning of a steamer on the Alabama river. - - - The expedition in search of Sir John Franklin, which started by private subscription, is to conii,t of • two or three schooners suitable tor the navigation of ' the Arctic seas, of from 70 to 90 tons burden. Lieu tenant Derhaven, who was attached to the exploring expedition, had accepted the command of the enter prise, and world sail about the lat of May. Californian advice. are to the Ist of February. The inundation of the Sacramento had subsided. At Sonorian Camps much gold had been found, one piece weighing upwards of 231bs. It was reported that a piece of nearly 851 b. bad been picked up. Vesiels continued to arrive at the rate of from six to twelve each thy. Prices had ruled rather high in the fall. The calmed at San Francisco had established a chain gang of criminals, for the purpose of employing them in public improvements. The population of San Francisco alone is estimated at 50,000. An effort was making to form Benechia into the chief port of the Pacific. All the accounts agreed that a fair yield has been derived from the mines. Pressure of money was great. There are dates from Kingston, Jamaica, to the Ist of March. A protectionist meeting, convened by the mayor, failed in consequence of the scanty attendance. Cotton cultivation continued to occupy public attention. Active operations had commenced for the purpose of producing cotton in the parish of ht. Dorothy. In various parts of the country there had been a great deal of rain, ar.d at St. Thomas's in-the-East the weather was so boisterous that the mills were compelled to be stopped, which would very much retard the present crop. From the north side of Jamaica the weather was very severe. The British Admiral ►t Ilaquayre had given notice that it certain claims of English merchants were not complied with he would bombard the port. The Maryland Sta'e measures had authorised the fund ing, on the 12th of May next, 50 per cent. on the back interest of the debt. ll,Nl.'s ships Trincomalee, Imam, Sappho, and Vixen were in Port Royal harbour. Dates from the city of Mexico are to the 19th of February. The insurgents, under Fernacciez, were reported to have ciptured Victoria, the capital of Tamaulipas. Government has marched a body of troops to oppose him. The Chamber of Deputies had passed the bill to discount the indemnity due from the United States. The steam-ship Cherokee had arrived with 250,000 dollars of gold-dust. From Hayti advicts arc to the 24th of February. Foreign merchandise was depressed, in consequence of certain decrees issued by Soulouque. Coffee was coerce and high, and provisions plenty. COMMERCIAL INTELLIGENCE. The commercial accounts received by Are steamer are not so satisfactory u those received for some time peat. Business was very dull throughout the leading commercial cities and parts of the Union. The MONEY MiItHET sou, however, tolerably easy; money was plentiful for all legitimate purposes. United States S :es, 1164; Treasury Notes, 1131. . The tolloiring - nre the quotations of the BREAD STCFP market. Western Canal flour, 5 dole. 25c. to 5 dole. 371 c. steady ; Gennessee prime wheat, 1 dol. 26c. to 1 dol. 28c. per 60 lbs. ; S.mthem wheat, 1 dol. 10c. to 1 dol. 12c. per 60 lbs.; Indian corn round yellow, 54c. to 56c. per bushel, steady ; ditto, flat yellow, 55c. per bushel. In COTTON the sales for the fortnight have been 18,030 bales; prices in the early part of the fortnight fell 1 cent, but rose spin to the quotations of last steamer, as which they remain firm. FREIGHTS are unchanged; the asking rates being for cotton to Liverpool, 3.16 to Id. per lb. ; flour to Liver pool, Is. 9.1. to 21. per barrel; grain to Liverpool, 51d. to Gd. per bushel. Paovtatons are inactive; mess pork, 100 ; mess beef, 8) to 10; prime, 51 to tn. Bitching. on London, 1081 to 1081, few sales ; on Paris, 5.30, limited transactions; on Hamburg, 35 to 35i; on Bremen, 77) to 78. Naw ORLEANS, MARCH 16.—The sales of cotton for the week embrace 39,000 bales, mostly on European account. Good middling quoted at Ile.; fair, 11)e. The receipts, 156,000 bales behind the same pariod last year. PERSIA. Our last advice" from the Persian capital, which come down to the 7th ultimo, are not of the most flattering nature, with every allowance even for the state of the country at the time of the late sovereign's decease. The youthful monarch, Nassiruddin Shah, has not hitherto been able to consolidate the founda tions of his rule, shattered by the intrigues of the priests and mullahs, and the open rebellion of certain chief.. The vast influence of the English Ind Rus sian embassies at Teheran, which placed him on the throne of his ancestors, alone retains him in his seat. The siege of the sacred city of Meshed in Khorssean is still continued, and the place holds out with successful obstinacy against all the efforts of the Shah's troops. It is more than suspected that the latter are suffering from inanity of provisions, and from the cold of a winter which has set in with great severity. The last native reports state that the passes between Teheran and Meshed are impassable from the snow. In Isfahan the priestly party . had set the Shah's governor at defi ance, and having enlisted the desperate lootis of the city in their favour broke out into open insurrection. Many lives had been lost, but latterly the royalists had had the advantage. At Shins things are in a better state : the lootis have been suppressed ; but this city of Persian poesy is now one of the most profound sinks of corruption. liac . lji Kawani, one of the most powerful and active intriguers of the day, rules paramount iu the city ; while the 11 Khani, or Lord of the Tribes, brooks no rival outside the walls. Ills royal highness Prince Ashman Mirza, the nomi nal governor of Fare, is a mere cipher. In the Dashtistan, or maritime provinces of Penn, the authority, not only of the governors of Lar and Fare, bat of the Shah himself, is openly derided. The Sheikh of Bonilla's, after haring anceelThy ed a desultory siege of some months by the Jungbistati troops, countenanced by the government of Fare, h al jut been honoured by a Inelaat from the Princ e , the retard of suceessful rebellion. gbe Court. Arum The Queen end Privies Albert WINDSOR took their v ~acing walk. The royal family took walking and exercise La the rounds adjacent to the castle. The dinner putr at the Castle this evening will include Duchess of Keel, Lay Fanny Howard, Barone,, de Sptii Lady Vernon and the Hon. Mies Vernon, Er,. F. sp a H. Mrs. F. Amu, aad Sir George Co u p er . G b yd 7 the Soots Fusilier Guards attend daring dinner. Majesty's private band will afterward s a t ten d in the Cc Lnd Charles Fitzroy has relieved Major-General Wernyw his duty as Equerry in Waiting to her hisjesty ; an d Colonel F. H. Seymour hu relieved Colonel Souvede in duty as Equerry in Waiting to Prince Albert. The Marquis of Lansdowne left town yesterdal Brighton. Despatches were sent off last evening' from , Cotottial-otfice for tleepovercors of the West lathe f,,Atelt. DEATH OP THE EARL. OF MACCLESFIELD,_ venerable nobleman died on the 31st ult., at En,lun near Teteworth, Oxfordshire, aged 97. He w e e . on third earl by the daughter of Sir William ilcath eots ilia lordship was twice married, viz , first, in MA, to Edwards, and seeoadly, in 1907, to Miss Wolstenholate. has had issue by both marriages, viz., by the first daughters, and by the second two daughters —the Co of Antrim'at.dly Lavinia Dutton—and;n.- son, V, Parker, who succeeds to the ti , le and mat..., a d son-in-law to the Marquis of Westminster. The dews held property in Ox'ordahire and Devonshire, sad deputy-lieutenant of the former county. EASTER MONDAY IN LONDO Easter Monday—the great holiday of flit label classes of the Loudon population—displayed yestern , usual features. Workshops were comperativtiy eropt places of amusement inordinately full. The public e dons, the strew boats, the railway excursim trains taverns and the theatres, had all an abundance of pat The British Museum was visited by upwards rt *AM , sons; the Tower, St. Paul's, Westmkster Abbey Thames Tunnel, Burford's Panorama, the P. lytthe i atitution, the New Gallery of Illustration, the Leon= the Colosseum, bring each also mat Etr places of resort. The United Service Inuit in Scotland-yard, was another point of attn Several valuable additions were made to the Museum the year, and it is coofidently hoped that by next the most interesting object within its wells will I Waterloo model constructed by the late Cat tain Si Chelsea Hospital was not the least popular of the objects of intermit with which the metropolis and its s abound. Tne only curiosities recently added to the, ■re the standards which were captured by the hin ens other regiments during the campaign in Cabal. are composed of rich cashmere, beautinilly trimmer having Oriental inscriptions. The cspel is also hun old regimental colours, and with eagles and other ti taken in action during the late war. The annual Easter fair Mai held at Greenwich vacant plot of ground leading lrom the chur.h to D Creek, where the usual motley a•rem'.lags of h and exhibiti , ns were congregated ep wards of Su fee) are supp:sed to have been in the fair and park ~er day. In the course of the evening, several tern.;: st riotrly injured by the pressure from the cruwd, o merous robberies were committed. A. striate dy of were in attendance, wno appreherded a ere= m ar. , pocke•s. Besides Greenwich fair, there were at Battersea, Wandsworth, and Chalk Fara. Them aunt of the revival of the Etpinir hunt, and that a r would be =muted at Bucktiurst Hill, induced number of Cockney Nimroas to mount their 111.:a fuliow the hounds sans pear of ►ccident by flood .r n. The railway§ were well occupied y , sterday in pr. holiday accommodation. The Greenwich railw iy, a• carried its fair-going multitudes every 10 end 14 re against the competition of the river steam. r-, r their fares to 41. and 6d. A longer time for stsj:ri out of town was given by nearly e'l the compubi“ to the cue lost year. The return tickets issued bj ter Western enabled passengers to stay live days, day. These on the Eastern Counties gave t. or . a :hose on the South Western four. Toe Lood..i. sled F took passecgers to and tro to Brighton at 10'., be The London and North Westera issued tic'::•' term.. and ran trains from Liver; 00l and Bark. n se ht seeers to the celebrated "Britannia Bride . ' Pare excunion trams by the South Western "Ride nc•t so sucerssful at last year,ueither of them curtest; than 20 or 30 continental tocursionists. THE LORD MAYOR'S EASTER BANQ The Lord Mayor gave the cuitotoary E,Stt day enterta.!nment, yesterday, at the Man,,in-ls a. mire th .n ususlly numerous circle of guns,. lhe tian-hall, which was the scene of the festivity, was de precisely in the game manner as on the late bar. Fri, C 2 Albert and the municipal authorities of the Kingdom. The company included, besides the civic roles and their ladies, the French Ambassador, the A , Minister, the Bolivian Minister, Lori D. S•uart, French, Mr. Cartels , Mr. Mitchell, Sir W. Moieswar several other members of the House of Commons, the of St. Asaph, the Chairman and Deputy Cr.a.rmar East India Company, the Deputy tioverhor of the I Erglan I, Major-General D-lansotte, and Archd &e -clair Toe band of the Coldwreem Gaards, nude GArrey, the band master, were in attendance. an, formed various pieces during the dinner. A vocal under the direction of Mr. Jolly, sang several eppr songs in the course of the evening. Vert Art toasts having been given and aeklowledp c-mpauy proceeded to the ballroom, where dance kept up till a late hour. THE THEATRES. DRURY-LANE. The lessee of the national theatre, stimulst doubt by the success of the " Eland of Jew, ls." Lyceum, ventured boldly last night into the ret spectacle, and with a brilliancy and success which we trust, a long and profitable career for his adventure name of th- novelty is "The Devils Ring, or, Earth, Air, and Water." And as we wish all our young friends go and see it, we shall endeavour to prepare them treat by giving a short outline of the plot and inzi Oftoeup, rather vaguely described as " Prince of Lands," but having his country seat somewhere in has a fair daughter Erelime, whose hand is by a perfect mob of ar:stecratic and chivalric suit:rs however, preters • youth of humbler rack, woo si e‘edivgly well, and is a charcoal burner by pro ergo • father, with true parental brutality, kicks the level dome, and the fair Eveline is, by some process whi could not very clearly unravel, transferred forthwi' dismal cavern, and placed under the absolute cone superintendance,of • " Fell wizard," when inteatiooe her are tot of the most friendly nature. Their of.rue however, still on the princess. The young charc .1 (now become a minstrel) obtains a magic riog from natured demon of his acquaintance, and sets sheet t ir.g his adored one. The plot thence rues clean throe four elements— earth, air, tire, and water. wizard takes his ward first to th • teak tire, having eogsged Fiestas lodgings in the nor of Mount Etna ; the lover fellows, and her back to earth, the upward journey tsrming tt tableau, which was • magnificent scene, and was rapes to the echo. The next act opens with the Fails of not very well painted, near which the lovers bad chase retreat. but the wizard is on their track, he aro tendant go. , mes, a new spell is worked, and the who deemed through the spray and mist to the city of th, tains, a scene of surpassing beauty. Thence, after wit • grand naiad ballet, the Princess is again test rod I by the indefatigable lover. He has now fellow.' Intl through tire and water, but the weird has still NI earth and in air, and the remainder o, the is occupied with adventures in both elemen , : a. ‘ earth is represented by the " digging " L transformed by • slight poetic license to diamond mine, and the air by • palace of T unboi least suoceusul of all the tableaux. The lolsta umphantly through all, the wizard is at last Nato and tree piece concludes with • grand set ac sine, which, when made • little more pert:et will, we ban ao doubt, prove a most beillian• chic; kind. With all its hitches, lest evening, and tires is. • few, its intrinsic splendour carried all be ore, brought down the curtain amid the most eathtee fag. The spectacle is rather long, but excellent of the dialogue tolerable,and the scenery, as we hese b crated, very good. That nothing might be wanting to a. Mr. Rodwell has interspersed it with music cernp.*' happiest vein. Two or three of the airs were .110/fe. the dance music was most successful. The ve ferret exerted themselves to their utmost. Miss 11...iter improved. tier singing as Leila, the watt rg.raz much applauded, and she was ably supported in tl nested pieces by Miss Nelson as the f'sincess, and 1 Huddart as Hubert, the lover. The contralto saes latter young lady took the audience quite by and ware much applauded. On the are inclined to prophesy that, it th: • be somewhat pruned, and this carpenters kept 5.‘ better up to their work, the " Devil's Ring" will tie one of the most successful Easter pieces au Leftism amply repay the enterprise and outlay of the lesas'se. had almost forgotten to mention that "Jane S hore dieted previous to the spectacle. Why will manage( such unfeeling advantages of holiday audiences as t.. them swallow "Jane Shore" or " George Barnwell laxly every Easter Monday, in spite of the at) !so sibillations, and sometimes the actual ribellter which thew precious specimens of didactic tree' uniformly received. HAY MA K ET. Sir Walter Scott's " Ivanhw" is the b ubje: Subic offering at this theatre, and wee p r oulia , evening in the shape of a burlergite by the Both, r tt I who have wisely acknowledged the plry-bda suit e d bititi t4 I. bag IL 11.104 Pony e 1: 07 ,4 ide til l Ind t b, SPetb, bud Of Hof Caul k ray, / Lem, t in pi, 34 1 for )oi t h e — rhig of the 4[t, to tti o se, 14 4 411E.* • itop il i who Net tle d tem 4 )O N. "..ay ite ?ty, and ill, th e Patmtn, (.$//s per. 0 7, the . aaic la- ma, and :trattive tit oboe, traction. I dam/ Ewen be the Sib.nne, se many vteutity e chapel ith .ot Ttery Led, awl mq tr ; .h trq:.its on :he .p:t ni stsws, !riot the 1;, tim e and ca- of ➢ ptr. ruts 1114{11A. r , t ~1 11 a 4.1 it 0.1., 1:z snit Ce (irq: ira ate: ay., : t . .1. 7 te.:t .> or a , c. 7 I Ez , 7. reel ac, oI ii M. F. arth. oti Le lii..^,q an Eaaa of der Mr. cod per- il pa r:•, popt.e.• ged. :mg WM sled co at the ealms aminr, ire. The kir. ▪ sbou,l : for tut ctidreeti. Mtty ▪ ti:C.e. sought e. j ,gage The 'PT Ina of 'bit tee le with t> a I=l stl of 110WILta fy e I.IV bUrr.if a go>l tl ,twee?- Io podia the Iti r. The dill of gt e it:e4 I hr,r.,7, the tint Si *471. 10 status ci Is his a:4 tie ;arty CI fenn.: itnes.:rd Ai tutor: • Direr .‘ e Wore . into las owe.: touea err;, Dr s• 0; ;: thl bet I:. ` r . me +p :ore to per let:▪ :.• Err it iti.“ 8 ' ELI the c. Li ; IWO : m y far . At. by vlea* . uru lon. but Wit • ir• is .7. :en /' lea t.: tilt, ta s the, :ns ci Ali, chi 471 lie • r l 4.Ce, rr: 1 " . 0q t ▪ :10 if y e , hal