The Express. — London, England, 1860-05-14 00:00:00

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MARV Ilmovalls : 1111, imedlsil—ammansa UM gbe erpreoo. river hr Leese Itmatag r=Noah be al Se tags. ftrearleelreet. by I've li la OM are at yebileelbs. SA TIURUT.. Two Damen, TIER MILLI' Yeirt. Manes.W. FrvaL L How% • ladsleas ; 1016 41a• Olglsknfis C =trillil7L; MID SOW li T i O a nt IT. Mr. Tiodwits•—AM PTIALINI OF LOTS. Ts Erman, 0110110. llNista 11 .and she: Ms Neagh. and Mies Atirlassa—And ils STLZITh llama /. Matarms. IwWp,~ad L rat; Mom C. Wan% L R. /MOWS. Tail Imam • Milli= Min.' Wawa labbria. T sad Mim WIEWII.—DIDO. Mr. C. Tom : Miss W —Mid A CMAJNIZ 01? /TROT. Ton Evan's. TIE ClBOLL—Zaaxtrimwdlakey .111114 IS et THE LADY OF LYON & Mama & did.., . nie EM.. & lAne, Mir IL JecobA—Tlll CIADMOF OF EFOLAND.—Ad THE TOM THIEF 111110 F lAI6QI.LM HIGH WATIM AT LYNDON IHIDOL Till DA I —Martin& OIL ...Aftesses. OIL OWL Tissouww—Martin, lb. 681 n. Aftwessa. lik. LONDON, MONDAY, MAY 14. TIM money market has become easier, and the past week has been marked by a reduction in the rate of discount of the Bank of England from 5 to 4i per cent. Concerning the prospects of the market, some difference of opi nion is observable, but the prevailing iuipression appears to be that, although the immediate ten dency is satisfactory, any important fall in rates is not probable. Amongst the favour able features is the circumstance that, although the United States have already shipped to Great Britain this sewn no leas than 2,182,557 bales of cotton, being 723,619 bales more than at the corresponding date in the previous season, the exchange at New York is now improving to a point which will probably cause some mode rate amounts of gold to come over. It may also be pointed out that any check which may be given to our export trade, whether arising from the unsettled date of politics on the Continent, or from the caution inspired by the advices from Australia and operate in favour of the money market, for, whilst the immediate consign ments will be kept within moderate bounds, re mittances will become due from abroad on account of many of the large shipments effected last year. Nevertheless, it is impossible to overlook the fact that much hesitation exists in monetary circles, and that there is not the usual degree of confidence in the future course of the awned. Very sadden and violent fluctuations have taken place in the value of money during the last twelve months, and the recollection inspires caution. The most recent of these movements has contri buted to place in a more striking light the susceptibility of the market to sudden and severe action. The weekly returns of the Bank of England for some time pest have presented abnormal features. At this moment, when the "other securities" in the Bank stand at 20,739,0251., the general condition and real re quirements of trade are much the same as they were on the 4th ult., when the total under this head had run soddenly up to 24,964,764/. Many people think that the extent to which the Bank had then locked up their means in discounting mer cantile bills was out of proportion to their resources, and that no other hank in the kingdom could have ventured upon commitments to a proportionate, extent, simply because no other bank has the Btate at its back, so to speak, as the Bank of England have. Yet the Bank of England were compelled to go on discounting freely, and must have extended their transactions still more largely, had the pressure—which was caused by mercantile fears, not by mercantile neceesitier —lasted ; for • cessation, or even rigid restriction of discounts by them would have enforced similar precautions on every other monied establishment in the kingdom. Belf-preservation would have b en the guiding prin ciple of those banks ; aocommodai.on would no longer have been obtainable ; and she results, for the time, would have been most diesstrons. Fortunately the fabric of our trade, internal and external, was in a condition to bear the strain without the slightest deflection. There was an entire absence of causes calculated to de velop a pressure into a panic. Accordingly, when the effect of the vague apprehensions of the commercial public had carried the private securi ties in the Bank up to the extraordinary sum of twenty-five millioay the needless pressure was stayed. That it was needless is proved by the circumstance that the trade.of the country, which is as large as it was six weeks ago, is carried on quite na smoothly as before, although now assisted by the Bank to a lees extent by four or five The disturbance is plainly marked, too, in another inip..rtant item of the Bank accounts. The " other " or private deposita, which stood at the comparatively moderate sum of 12,932,9201. on the 21st of March, when the Bank rate of discount was 4 percent, had risen to no len than 15,480,8641. by the 21st of April, when the Bank rate was 5 per cent The public rushed to the Bank for discount accommodation almost, as it would seem, for the mere pleasure of handing the money back into the Bank's custody as private deposits. We know, of course, that the public were not actuated by any mere idle motive in thus driving up the rate of discount and in adding largely, from their own pockets, to the profita of the proprietors of Bank stuck. They saw that the mar ket was suddenly acquiring a very disturbed appearance ; they knew not at what point the agitation would stop ; and they were therefore desirous of supplying themselves even beyond their immediate wants in order to be prepared for all contingencies. The advanced prices which wen• demanded bytbe Bank of England and by the other money dealers mercantile men were content pay f. , r the security which they indivi dually obtained. The alarm the fifteen titiany untamed. The alarm over, tl • ; THE EXPRESS, MONDAY WfENING, MAY 14; millions and a half of private deposits which bankers, merchants, and others had accumulated in the Bank are coming out again. From 15,480,8641.—the amount hold on the 21st of April—the private deposits have fallen, according to the return just published, to 12,608,2691., being nearly the same as the amount on the 21d at March. We thus arrive at the sufficiently remarkable result that during the months of March and April, without any foreign drain of bullion or any other foreign cause of disturbance, the mercantile classes premed upon the Bank of England four or five mil lions of additional securities, and drove up the rate of diaoorint against themselves, all the while re lodging in the Bank the bulk of the sums thus obtained, whereas, during the present month, they ere engaged in repaying these identical advances to the Bank, and in utilising the money which they had stored up in that establishment. We do not hesitate to say that there is something very faulty in • system which occasions needless move ments of this important and injurious character. Our monetary arrangements are supposed to be framed with • view to prevent, as far as possible, unnecessary variations in the rates of accommoda tion ; but upon the present occasion, as upon many former occasions, they have contributed directly to cause sudden changes. The with drawal of • million and a half of notes by a large discount-house was rather an effect than a cause of the disturbance. Besides, as we saw by the returns, the injudicious operation referred to affected the position of the Bank for one week only ; whereas, as we have already shown, the recent movement in the money market has ex tended over • period of two months. That these fluctuations in the money market are materially promoted by the entire exclusion of the money dealers from the Bank of England is now generally admitted. As soon as any dis quieting symptom presents itself, every banker and other dealer looks more narrowly than ever to his own resources ; the channels of accommoda tion are greatly restricted ; and the full tide of the demand is turned upon the Bank, who immediately take advantage of it to raise their terms. It is owned that there was no real cause for the late agitation, and therefore no one can feel confidence that it will not recur. This feeling we believe to be at the root of the hesitation which is now manifested in monetary circles, and under the influence of which the commercial public are still compelled to pay rates unwarranted by the real condition of trade and of the bullion movement. The manner in which the new Bank rule operates is now becoming more clearly understood. The idea that it would tend to check speculation caused many persons at first to regard it with • certain degree of favour, but the experience since gained of its injurious and cramping effects has altered their views. We met lately with some very pertinent remarks upon the subject in the circular of Messrs. T. H. Li:Timms and Co., produce brokers, of Liver pool. These gentlemen on the 9th of March lasi published the following warning, the correct/ma of which has already been proved in the interval : "The dangerous effect of the measure of March, 1868, must be apparent to evegyone at all acquainted with the gigantic extent of our daily monetary arrangements, and the small basis on which the whole rests. At the time the resolution was passed we pointed out its severe restrictive action, and again in May, 1869, we showed that its effect must be to produce the very thing which the bank wished to prevent—a repetition of panic ; and what then appeared a theoretical consequence has sines proved to be a practical one. The measure is wrong in principle ; restriction is one thing, total minion quite another ; the effect of the one may be salutary, of the other prejudicial and impolitic, able to the Bank itself , to those excluded, and to the trading community at large. The dismount homes form an important link between the em ployer of capital and the holder of idle money— and also between the Bank itself and the legitimate trader, whom the mance of business compels to draw bills of a class which the Bank would not look at ;—they are a recognised body that cannot be ignored, and for the Bank to exercise exclusive dealings with reference to them is invidious and at variance with eound policy. To say that everyone an get ti ate accommodation at the Bank is a double fallacy ; not one in a hundred of the traders of this country have an account with that establish ment, and it is quite impossible she could do all the business of the discount-houses in addition to her own. Every trader throughout the country should interest himself in getting the resolution of 1868 rescinded or modified before its consequences are more severely tested." The accounts received from the manufacturing districts during the last week are, upon the whole, satisfactory. The principal activity is still in the cotton trade. In the Manchester market a steady business has been done. The demand has eatended to the Indian, German, Medi...erre:ma, and South American markets. The transactions in yarns for India would have been larger but for the higher rates demanded by spinners, who are already full of orders. As regards cloths, prices are very firm, the stocks being exceedingly light, or entirely exhausted. The engagements of most of the manufacturers continue extensive. Mean while the operatives continue to insist upon their right to participate in their employers' profits, and threats to " strike " are common. In one of the reports we find the following suggestive statement :—" A firm in th e ne i g hb our h oo d " of Manchester received a document from the " strippers and grinders (a class of unskilled " labourers) in their mill, which said, 'We de "'mend an increase in our wages to 18s. per " week.' The firm in question, being bound by " contracts for some time forward, had no option " but to give the advance. The same class of " operatives in the same mill, only seven years " ago, were paid I ls. per week." Nor is it only upon the question of wages that the work-people exhibit their independence, for complaint con tinues to be made of their " irregularity," which, combined with other considerations, affects the margin of profit in weaving certain fabrics. In the woollen districts, prices are steady ; but the disappointment occasioned by the " failure" of the " spring trade," through the backwardness of the season, is much complained of. There seem to have been more inquiries for worsted yarn for exportation ; but as regards woollen cloths, the position of the manufacturers is described as un favourable, the prices of some classes of goods being lower than the cost of production. As the spring advances, however, an improvement is hoped for. At Leicester and Nottingham trade is rather quiet, but the genial change in the weather has given great satisfaction. The accounts from the Scotch and Irish linen districts report • fair degree of activity. Mi. DISRAELI AND EDI COPISSIIVATIVIL PARTY.— A correspondent writes :—" It is currently reported that the mor e e xtr e m e member s of the Tory party in the House of Commons have had a discussion of some importance with Mr. Disraeli, so lately an object of their attack in the Quarterly Review; and that in the course of the discussion Mr. Disraeli confessed that he had committed a grave political mistake in his philandering with radicalism. Whether confession will be followed by absolution remains to be seen." PULLINGER AND THE STOCK EXCHANGE. truos a onsamentsie.) The Committee et the Stock Exchange Lave been eked in the most rigid and severe ex aminations iMo the transactions of members of that establishment with Pullinger. They have required from them, or from brokers, the most detailed ac counts of their dealings with that criminal, and they have had before them the members of a firm, now no longer in the house, which failed in con sequence of theirtransactions with Pullinger. Prom the investigations, so far as they have gone, it now turns out that Pullinger's Stock Exchange specula. tions were for yews notorious ; that at timer he made considerable profits, receiving on one settling day as much as 7,0001. ; that he owed the firm which failed at the time of its failure as much, it is said, as 90,0001., which he did not meet, although shortly before he placed 10,0001. to their credit; and that he took up and received large amounts of stock, and that the amount of looms which he paid to members of the Stock Exchange reached somewhere about 50,0001. He had, however, it is ascertained, Large transactions with a perso n who was not a member of the Stock Exc hange, and those trans actions resulted, it is believed, in a loss to a simi lar amount. If this be correct, about 100,0001. of the money abstracted from the Union Bank is ac counted for ; but what has become of the stock he received is not yet ascertained ; and as the stock principally consisted of foreign bonds, it becomes very difficult to trace. The investigations of the Stock Exchange Committee are, however, by no means over, and there is a deter mination in that body to leave no stone unturned in probing the whole affair to the bottom. In their investigations it is only due to the incul pated members of the house to say that they have afforded the committee the fullest information. A ' difficulty, however, arises in getting at the whole truth from the fact that the outride speculator is now dead, and that, although he left both property and representatives, the Committee of the Stock Ex . change has no authority over them. It is clearly established by the committee that Pullinger was ' largely engaged in gambling on the turf. It is to be presumed that the committee will make public • full report on the subject. THE COURT vzsaus THE CAMP. Cbt Court. The Queen laid a court on Saturday afternoon at Mnekingham Prince. Peace Outierres had an audience of the Queen, and deli vered his credentials as Minister Plenipotentiary from the Republic of Honduras. Count Ludolf had his first audienoe of her Majesty, and delivered his credentials as Envoy Extraordinary and Minis ter Plenipotentiary from the King of the Two Sicilies. Thar ELMIIIOI/Cied were respectively introduced by Lord John Rowell, the Queen's principal Secretary of State for Foreign Affairs, and conducted by Lieut. •General the Hon. Sir Edward Cust, K.C.H., her Majesty's Master of the Ceremonies. Lord John Russell had an audience of the Queen. Her Majesty was attended by Lord Methuen, Lord-in. Waiting, and Major-General Sir Henry Eleatic* Groom in-Waiting. The Prinoe Consort presided (on Saturday) at a meeting of the Council of the Duchy of Cornwall, held st the Duchy. dice, Rockingham-gate, St. James's-park. There were also present—the Chancellor, Lord Kingdom' ; the Keeper of the Privy Seal, Sir William Dunbar ; the Attorney- General, Sir William John Alexander ; the Treasurer, Colonel the Hon. Sir Charles Beaumont Phi the Duke of Newcastle ; Lord Portman ; and the ; , Mr. James Robert Gardiner. Mr. admita fiant's picture, " The Finding the Saviour in the Temp*" was submitted to the inspection of the Prince Consort on Friday. The Qom and Prince Consort left Buckingham Palace soon after S o'clock on Saturday afternoon, accompanied by the Princess Alice and the MUMS/ Helena and Beatrice, for the Camp at Aldenhott In attendance were the Dudes= of Athol, the Hon. Beatrice Byng, Lord Charles Finney, Major-General the Hon. Charles Orey Lieut. - Colonel Ponsonby, and the Maier of the Household. Her *Linty and hie Royal Highness were conducted to their carnage by Lord Methane, Major General Sir Henry Bentinck, and Colonel Francis Seymour, C.B. The Queen was escorted by • detachment of Light Dree vans to the private station at Vauxhall of the South Western Railway and travelled by a special train to the Farnborough station. ROYAL PAVILION, ALDERSHOTT CAMP, Mar 13. The QOM. Prince Consort, and the Royal Family arrived at the Pavilion at 30 minutes before 5 o'clock The dinner party in the evening included I=l . l eee Lieut.-General Knollys, Major General the Hon. Sir J. Y. Besnlet l 4 C.B Adjutant-General Major-General Sir R. Alley, MGR., Quartermsster-General Major•Goeszal Le mnos, C.B. (Ist brigade), Brigadier General Brook Taylor =brigade), Brigadier-General Russell, C.B. (3rd brigade), Chapman, C. 8., R.E., Colonel Titainayer, C.B. 8.A., Lieut.-Colonel Dickson (16th Lancers), C o l one l Geedlem C.B. (41st Regiment), Lieut• Colonel Stuart (86th ReOnnt). This 111012Ing, at 11 o'clock, her Majesty, the Prince Consort, Princess Alice and Princess Helena, attended Divine envies in the camp. The Queen and Prince were ensnared by the Duchess of Admit, the Hon. Beatrice Byng, and the Equerries in waiting. The Prince and Princess of Ledningen went to Frogrnon , house yesterday morning, and visited the Duchess of Kent. A Cabinet Council was held on Saturday at the offi cial residence of the First Lord of the Treasury in Downing-street. The Ministers present were Vis count Palmerston, the Lord Chancellor, Earl Granville, the Duke of Argyll, Sir George C. Lewis, Lord John Russell, the Duke of Newcastle, the RiOt Hon. Sidney Herbert, Sir Charles Wood, the Chancellor of the Exchequer, the Duke of Somerset, the Right Hon. T. Milner Gibson, Sir George Grey, the Right Hon. C. P. Villiers, and the Right Hon. Edward CardwelL plhes were received on Saturday at the Colonial officero k m the Lord High Commissioner of the lonian blends and the governors of British Columbia and Vancouver's Wand. It is expected that the Queen will leave town ou the 12th met., and pass a few days with the royal family, at Osborne, until after her natal day (the 24th of Mayl. Their Serene Highnesses the Prince and Princess of Leiningen went to Frogmore House yesterday morning, and visited her Royal Highness the Duchess of Kent . - His Excellency the Ambassador of France and the Countess de Persigny entertained • select circle at dinner last evening at Albert-gate House. The Earl Manvera is detained at his seat in Nottinghamshire by the serious illness of the countess, who is in • very precarious state of health. The Earl and Countess of Dunraven and family are expected in town in ► few days from Ireland. The Earl and Countess of &afield have arrived atthe St. George's Hotel. Visoount and Viecountess Somerton have arrived at their residence in Primes-ternice from Paris for the MOM. Lord and Lady Camoya and the Hon. Mimes Stonor have arrived in town from Stonor Park for the 114411D11. Viscountess Palmerston "received" on Saturday evening at Cambridge House. Previously to the assembly the noble viacoent and viscounteee entertained at dinner the Margate and Marchioness Tostusheird, the Earl and Counter of Shaftesbury and Lady Victoria Ashley, Lord Duffsein, Lord and Lady Harry Vane, Mr. and Lady Una both St. Aubyn, Hon. Frederick Byng, the Right Hon. William F. Cowper, M. P., and Mrs. Cowper, Hon. Charles Gore, Mr. Charles Barrington, &c. The general circle in cluded the Countess of Derby sad Lady Emma Stanley, the Earl of Malmcsbury, the Right Hon. B. Disraeli, M.P., and Mrs. Disraeli, /cc. The Earl and Countess of Derby received at din ner, on Saturday, at their residence in St. Jame's-squire, his Excellency the Austrian Minister and the Counts= Appoavi and the Countess Marie Paumgarten, his Excel. limey Count Vitsthwn, the Duke of Wellington, the Mar. guis of Harlington, the Earl of Malmesbury, the Earl and Countess of Clarendon and Ladies Constance and Alice Villiers, the Earl and Countess of Westmoreland, the Earl Cowper, the Earl of Delmore, and Mr. Seymour Fitagerald. The Countess Frances Waldegrave and Mr. Har court, M.P., entertained at dinner, on Saturday last, in tlrltonigardeus, their Royal Mighnewes the Duke and Duchene d'Aumsle, the Duke of Newcastle, Maria Mar chimer of Ailesbury, the Berl of St. Germans, the Earl sad Lady (kaoline, Grosvenor, Viscount and Viscountews Mastford de Radcliffe, Lard and Lady Cecilia Bingham, Load Led lady Wodebotne, Lady Truro, Sir G. and Lady Theresa Lewis, Mr. and Lady Margaret Beaumont, and the Hon. B and Mrs. RuaselL The C,onntem Cowper entertained at dinner, on Friday last, the Countens of Craven and Lady Blanche Craven, the Countess of Dunmore sad Lady Constance Murray, Mr. and Mrs. Charles Leslie, Mr. Henry Greville, Lord Dinkallia, Sir A. Bannerman, Lady Harriet Ashley, Lady Victoria Ashley, Mr. Laacelles, Lord Dafferin, Mr. laraft, Hon. Chandra Leigh, Lord Gifford, Be. Lord and Lady Aveland entertained at dinner, on Saturday evening, at their mansion in Belgniveaquare, the Duke of B.utland, the Marquis and Marchioness of Exeter and Lady Mary Cecil, the Marquis and Marchioness of Chohnondeley, the Countess of Cisinsborough and Lady Victoria Noel, the Earl of Anneeley, Lord Redesdale, Lord and Lady Egerton of Tattoo and the Hon. Miss Egerton, Lady Ann Beckett, Colonel Farquharson of Invercauld, Captain Bateman, Mr. C. Sykes, Mr. Bereaford Hope, Mr. Henry Milbank., kr.. The Right Hon. Sidney Herbert, M.P., and Mrs. Herbert entertained at dinner, on Saturday e►ening, at their residence in Belgrere•guare, the Bishop of Oxford, the Earl and Countess Somers, the Earl of Dunmore, the Earl of Tankervillc, the Right Hon. James Stuart Wortley, 11. P., and Mrs. Wortley, Hon. George Byng, M.P., and Lady Alice Byng, the Right Hun. Frederick Peel, M.P., and Mrs. Peel, Lady Swan Murray, he. DRAM OP SIR Cli• BLit! BAILEY. —lt is with sincere regret that we have to announce the death of this eminent architect, which took place very suddenly a little before midnight on Saturday night last at his residence near Clapham-common. This bereavement falls in the most unexpected mariner on the family, as up to within two or three hours of his lamented decease Sir Charles continued in the enjoyment of as sound health u often fall to the lot of men who are approaching their 70th year. Oa Friday he wee at the New Palace, West minster, and tramacted business as usual, and on Saturday so little did any change betoken his approaching dissolution that he appeared even better than usual and passed the greater part of the day ►t the Crystal Palace. Between 8 and 9 In the evening, however, he was seized with a fit of what appeared to be paralysis, the worst symptoms of which progressed with such fatal rapidity that in little more than two hours Sir Charles bad ceased to exist. Sir Charles was born in Westminster in 1796, and was a Royal Academician and a Fellow of the chief architectural inati tailor s in England and Europe. Iseet"-=* LATEST INTELLIGENCE. GARIBALDI'S EXPEDITION. THE FIGHTING COMMENCED. The following telegrams have been received at Mr. Reuter's office : VIENNA, MOIIDAT. It is stated in financial quarters, on reliable in formation, that part of Ganbaldi's expedition dis embarked at Marsala on the 11th instant from two vessels. The royal ships were obliged to cease firing dur ing two hours, being, as it is asserted, prevented by English steamers. The firing could not be re sumed until the English officers had returned from the shore to their vessels. The volunteers who had lauded were fighting with the royal troops at the moment of the mail's departure. NEAPOLITAN DESPATCH. (orricisL) NAPLES, NAT 13, 9.3 r.s. The firing of the two Neapolitan frigates off Marsala has killed several of the fillibusters. AB regards the two vessels in which they had arrived, the Lombard was sunk, and the Piedmont has been captured. The royal troops marched on to meet those who had disembarked. [Marsala is a city and seaport of Sicily, at its W. extremity, adjacent to Cape Boeo, in the intend. of Trapani, 16m. B.S. W.Trapani ; lat. 37 deg. 48min. 10 sec. N. ; lon. 22 deg. 25 min. l 0 sec. E. Pop. in 1831, 23,388. It is of a square form, and is sur rounded by an old wall, flanked at the angles with bastions, but destitute of a glacis. It might be easily rendered a strong military poet. The town, which is pretty well built, is bisected by a broad and regular street, called the Camaro, on one side of which is the cathedral, a large edifice, ornamented with sixteen fine marble columns of the Corinthian order. It has sixteen churches, numerous convents, a retire), or place of retirement under monastic regulation, three abbeys, a gym nasium, a seminary, and hospital with 70 beds, a monte-di-piefa, barracks for cavalry, an old castle, &c.] THE STATE OF SICILY. (nom OUR OWN COI NAPLES, NAT 8. The Official Journal last night, after a week's silence, publishes the following bulletin :—" In conformity with what we have repeatedly said as to the perfect tranquillity re-established in Paler mo and the neighbourhood, we rejoice to add that the state of siege in which the city had been placed was taken off on the 3rd inst. by the commander of that province, whereupon everything has re turned to its primitive normal state." And a pre cious state that was ! But as a comment on this bulletin take the following intelligence, on which you may rely :—The government for the last three days has been in a state of unusual agitation. There was a council of generals at the palace on Sunday, and at night Prince Luigi went to Capua to bring up a battery of mountain artillery, the only battery of the kind in the service —this, unless lam mistaken, was sent off last night. At the same time it is said in the arsenal that an order has been given for sending off 5,000 more troops to Sicily. I have it from military men and civilians, and the following preparations seem to confirm the report. Two of the steamers belonging to a private company, which had been returned by the govern ment a week since, were again taken up on Sunday; , they are the Vesuvio and Sorrento, and I fear that my oorrespondenoe will be dragged all round the coast as a consequenoe, as the Vesuvio did the direct service to Marseilles. Two govern meat frigates left yesterday morning, and four were at Gaeta, having been recalled from Sicily, probably for the transport of troops, which I hear have been assembled in that place. A thunder bolt seems to have fallen amongst the royal party, and without pretending to be a prophet, I think you will find before this arrives that an expedition of volunteers has left the north of Italy for Sicily, and perhaps has landed. If such be the case, and Garibaldi, as I surmise, be at the head of it, we shall kar of a general revolt, and Sicily is tat ; for I can give you no idea of the terror which the very name of Garibaldi strikes into all classes here, and the troops especially. Already the public voice is on the traces of the expedition, and every one announces that it has sailed—of course exaggerating the details vastly. Unless the Piedmontese government has pre vented it, I believe that by this time it is at least en route, and I scarcely think that the government would dare to interfere, though it has refused to give up 12,000 muskets which had been collected by the great chief for this special purpose. A person who is often in Palermo tells mo that on Friday at 4 o'clock the shops were opened, and the cannon removed from the streets, but on Satur day at 4 o'clock they had been replaced, as a row or two had taken place the night before outside the gates. The cavalry he heard had suffered much, and indeed beyond Palermo the state of things was awful. An order to open the shops was posted on the vralls,and everything was compulsory. When the insurrection broke out in Trepani the prisoners were liberated from Favignana, and joined the patriots. The Baguio of Favignana ie as notorious as was the Bastille of Paris. Of the interior little that was precise was known ; but the insurrection was far from having been put down. Despatches just arrived from Messina announce that all was tranquil, and that the state of siege was taken off on the 3rd instant. A most sanguinary proclamation, which owes its origin to Filangieri, had been pub lished in both places. Arms were to be given up directly, and lists of the names of persons in arms, or supposed to be so, were to be affixed to all public places for fifteen days. If the persons whose names were therein entered did not appear and have their names struck out, they would be liable to be tried by court-martial and shot. If a chief were brought in by anyone, his captor would have 100 ducats reward ; if a common man, the captor would have 50 ducats ! POLICY OF THE FRENCH GOVERNMENT. The Constibitionnei of to-day publishes an article, signed by M. Graudguillot, which says :—" The reply of Count Cavour to M. Thouvenel proves that Piedmont, as well as France, energetically blames the audacious at tempt of Garibaldi. If the expedition of Garibaldi is contrary to the interests of Pied mont, it nevertheless responded to the sentiment of a part of the people of whom Garibaldi is the hero. Piedmont could not constrain the luau who represents so large a popular foroe. Such an act would raise a dangerous reaction in Italy. If the enterprise of Garibaldi is censured. in Europe, the state of things in the Two Sicilies is so critical that the success of the enterprise would astoniah no one. Without foreseeing the issue of the expedition, we cannot admit the sup. position that it may lead to a European conflagra tion." The Constitutionnel, speaking of the reports that England wishes to possess Sicily, says, " It would be no more easy for England to take Sicily than for Russia to occupy Constantinople." M. Grandguillot recalls that France and England have always acted in concord as regards Neapolitan policy. No one ought, therefore, to suppose that to-day they oppose one another. M. Gnsudguillot concludes as follows :—" We shall hope that the Neapolitan question will not be unravelled by revo lution, but in case it should, it is only by union, and not by antagonism and rivalry, that the Great Powers, particularly France and England, could meet its dangers." RUSSIA AND TURKEY. ST. PETERSBURG, MOND.ILT. The principal members of the diplomatic corps, excepting the minister for Turkey, were a few days ag► convoked by Prince Gortschakoff, who de clared to them that the position of the Christians in Turkey has become so intolerable that Russia is on the point of addressing strong representations to the Porte in favour of them, and hopes to obtain the support of the other powers. It is asserted that the journey of M. de Hed berg to Paris, where he will replace Count Khans leff as Ambassador of Russia, has brought about an understanding between France and Russia in reference to Asia Minor, where the agitation is continually increasing. The Paris Moniteur de la Rate of yesterday says: "It is announced that the Mediterranean squadron has received orders to re-enter Toulon, in order to set out again on a more distant inissiom respecting which no particulars are known. We may, however, be permitted to suppose that if not destined for the coast of Sicily the squadron would cruise in the Levant, where agitations both politi cal and religious have recently arisen, which at no distant period may necessitate the interference of the Western Powers." TOULOUSE, MAY 12. The Spanish Princes slept here last night, and continue their journey to Paris to-day. MARSEILLES, SUNDAY. The Grand Duke Nicholas of Russia has arrived here in a Ruasian frigate, and will, it is asserted, leave this evening for Paris. THE PAPAL STATES. TURIN, SUNDAY Da:MO. The journals publish a proclamation of Garibaldi to the Italians. In this proclamation Garibaldi calls upon the inhabitants of the Marches, Umbria, and Sabina, and the Neapolitans to revolt, in order to divide the forces of the enemy. Another proclamation, addressed to the Romans, recalls the insurrection of 1849, and urges the Romans to act like their brethren who fell in de• fending Rome. The French Government has forwarded to the Sardinian Government a quantity of muskets and ammunition and about 400 cannons, the greatest part of which are for marine service. No news has been received of the expeditions. ROME, MAY 8 (Vi► Husain's). General Lamoriciere continues to concentrate the Papal troops at Gubbio. It is asserted that General AUegrino, the com manding officer at Ancona, has been reduced to the non-effective. The King of Naples has subscribed one million scudi to the Roman loan. EXPRESS FROM PARIS. TO THZ ZDITOR OF TIM 117,11138. Sra,—Major-General the Hon. Charles Grey, Equerry to the Queen, is now " Colonel" of the 3rd Buffs. He appeared in last night's Gazette Lthe side of Major-General Sir John In g lis, C. 8., appointed Colonel of the 32nd Foot ; but how different the two men ! General Grey never saw the beard of an enemy ; General Inglis saved Lucknow : the former has been long employed at Buckingham-palace ; the latter has fought against terrific odds in Oudh—both, however, receive the same reward ! Is justice blind I There is amongst us a noble old soldier, Major- General John Alves. He has the rank of a General, with the emoluments of • half-pay Lieut.-Colonel. He entered the army in 1807 ; and Hort devotes 14 lines to the record of hie splendid career. Its chief points are as follows : " Major-General Alves served the whole of the campaigns in Spain, Portugal and France of 1810, 1811, 1812, 1813, and 1814, with the 74th in Picton's division, without having ever been absent from it a single day. He has received the war medal, with 11 chum for Busaco, Fuentes &Once, Ciudad Rodrigo, Badajor, Salamanca, Vittoria, Pyrenees, Nivelle, Nive, Orthes, and Toulouse." Served with Picton's fighting division for five years " without having been absent from it a single day !" and only a nominal major-general with 11 Peninsular clasps, no other decoration of any kind! So much for John Alves. Served at Buckingham Palace many long years, and at last colonel of the gallant Buffs ! So much for the Hon. Charles Grey. Is justice even-banded The public will one of these days begin to ask why the sinecure but lucrative colonelciee of regi ments are conferred at all on gentlemen without war service l—why such handsome prizes are not kept as recompences for wounds—for dangers in the " imminent deadly breach "—for presence with a fighting regiment for five compares, without hav ing been sent a single day I Until our countrymen take to pondering over questions of this practical sort, " fiesh'd soldiers" have nothing for it but to growl out Addison's remark, " One campaign at court is worth two in the field." Soldiers want a reform bill as well as eivilians.—k am, &c., May 12. A FIELD OFFICER. The Loral Mayor has fixed Saturday next, at 1 o'clock, for the presentation of the freedom of the city to Fix Leopold lUClintock, at the Guildhall. His lordship hm invited a large and distinguished company to the Mao don House on the evening of that day, to meet Lady Frank lin, Captain ll'Clintock, and hie gallant comrades of the yacht Fox. It is reported (says the Observer) that the govern neat intends to adopt Captain Fowke's plan for altering the National Gellert' in Trafalgarequara one of the mein features of which is supposed to be to make the present building large enotsgh for the national pictures without farming out the Royal Academy. Mr. Holman Hunt's picture " The Saviour in the Temple," is attracting large numbers of persons to the Omura Gallery, in Bond-Amt. On Friday upwards a( 700 people saw the picture, and the numbers appear to Memos every day. There is a proposition made by some labesetial men of Manchester, which is meatioaed by the Guavelien newspaper at that city, to the affect, that the *ban should be purchaaed for their New Free Art Gal lery, and that 11,0001. should be subscribed by eight In& viduaLi residing in Manchester, with the view at gaming that sum for the picture. Already three gentlemen have put down their names for the amount. The favourable turning point in our agricultural Iwcayeete appcars to have been reached. The dosing part of last week was everything that the agricultural heart amid desire--abundance of rain, soft and penetrating, and a very liberal allowance of hot sunshine. It is stated that the tremendous recoil from the Anarizeog gnu experienced during recent trial' on board the Redwing gunboat renders it imperatively neoemary that some other form of carriage should be substituted for the one at present in use, should the smaller clam of gun. beats be armed with these weapons. The greased wad that was introduced for the purpose of cleansing the gnn when bed is said to have remedied the matter to a certain ex tent, but the fouling of the gun is still very great. A correepondeut of the Tipperary Free Prey writes :—" Lord Derby is about to build a house and diem for the pariah priest of Solohead, the Rev. Thomas Idahmiy, which is to revert to each successive pastor of that parish. To the house will be attached twelve acres of land at merely a nominal rent. His lordship is also about to give about as acre of ground for a chapel and yard, together with the IBM of a splendid quarry and SIM for the building gnus, and I shall not be surprised if he should give a handsome donation likewise to that object. I am in no way connected with the Derby estates, and a love of justice alone compels me to record those acts of kindness." THII PAPII Dun RNIMAL BILL AND House or Loans.—The Maw/tearer Zia Lover says :—" The council of the lancaaliire Reformer.' Units will meet on Tuesday afternoon (to-morrow) at Newsirs-buildings, to consider what manures should be adopted to meet the threatened opposition to the Paper Duties Bill in the Lords. A public meeting will also be held on Tuesday evening next, at half-put seven, in the Assembly-roo m, Free Trade Hall, to adopt resolutions e ptaw~ve of the feelings of this past of the country eg = aist tie sr greasiest of the peers upon the constitutional wages of the country. It is to be hoped that the attendance will be large, and that Lord Derby will not be allowed to suppose that he can, without censure, adopt such a acne as will interfere with the well•known rwoopierd the repreewitatiree of the people in the Howse of Commons." k;;; 7 8 COLLI3I CIAPIL, CAMBIUM& —A new mess is to be °posed iu a few days in this beautiful chapeL Great expectations ere entertaMed with reference to the instrument, the opening of which will be celebrated by a choral festival, to be conducted by titerndale Bennett, and in which members of the choirs of Rt. Paul's, Westminster Abbey, the Chapel Royal, the Temple Church, St. George's Chapel, Windsor, and the cathedrals of the eastern district —Norwich, Peterborough, Lincoln, and Ely—will take pert The proceeds will be devoted to the Choir Benevolent Puget established a few years since for the relief of the widows and orphans of organists and lay clerks of cathedral and collegiate choirs. (PROM OUR OWN CORRESPONDENT.) PARIS, SUNDAY Evvsoc. - The projected sojourn of the court at Fontaine. bleau is said to be indefinitely postponed. It is positively stated that the Grand Duke Nicholas of Russia will arrive in Paris to-morrow, and that he will stay four or five days. The authenticity of the diplomatic correspond: ence between Count Cavour and M. Thouvenel, which I cited yesterday from the Courrier du Dimaneke, is admitted by the Pays. This journal, following the new current of ideas, which I remarked upon as a phenomenon of con. siderable import, still speaks tenderly of Garibaldi and his adventurers : Seeing the general feeling produced by this serious event, we cannot kelp regretting that the court of Naples should not have better understood the counsels more than ones tendered by two friendly powers—France and England. Had these counsels been followed we should not now be witnessing the strange fact of an expedition of a few hundred men being considered by Europe as a serious danger fur such an important state as the kingdom of the Two Sicilies. I look upon obeervationm of this sort as a very pregnant confirmation of the prevalent idea that the French Emperor, instead of continuing to set his face against the union of Sicily to Piedmont, is beginning to consider what further " annexation " for his own benefit he may make the event an excuse for. A further symptom of the like tendency is that the Patric, which has hitherto run breast high against Garibaldi, is mute this evening. M. LOUIS Jourdan' writes to the Merle a letter which that journal calls an " explanation" of the stories which have circulated in foreign journals about the "seizure" of his pamphlet, " The Rhine Frontiers." M. Jounlaiu says that his pamphlet was not seized, but that just as it was about to oome out his publisher received an order not to let it appear. The difference between the two versions is in reality simply this, that the government, whose diplomatic correspondence with London has been lately, as I happen to know, extremely tewlue, saw fit to check M. Jourdain's zeal by an illegal instead of by • legal proceeding. The imperial laws furnish the government with unlimited power to stifle any book and punish the writer, but they do not provide for the case of the executive wishing to suspend a publication by a private injunction, and at the same time indemnifying the author. This, however, is what is alleged to have been done in the present instance, and I understand M. Jourdain's latter is a confirmation of the statement. In a will drawn up by the late Count Stephen Bsechenyi In 1833 is the following singular passage : "I wish my body, if possible, to be taken to England, • country in which I have learned so much, in order that it may there be dissected. My mason for wishing this is, that my example may tend to diminish the dislike which is felt by the English to the dissection of the bodies of their relatives." In a will, drawn up in 1841, S•echenyi expresses • hope that if ever • Walhalla should be constructed in Hungary, its founders will give hi. remains a place in it, as a reward "for his good intentions" towvrds the land which gave him birth.