The Express. — London, England, 1861-02-11 00:00:00

same security, it is satisfactory to remark that the success of the new loan shows conclusively how money may henceforward be raised for the Indian railways. These great works having once been undertaken must he completed. Their com pletion is, indeed, indispensable both to the de velopment of the resources of that portion of the empire, and to economy in the military expendi ture. It has been found that a five per cent. railway guarantee from the Government will no longer bring in the requisite supply of capital. Holders of the various Indian railway securi ties were, therefore, beginning to fear that there might be a question of increasing the rate of guarantee. Were 54 or 6 per cent. to be given on new issues of capital, all the existing 5 per cent. guaranteed stocks would of course be heavily depreciated. It is a considerable point in favour of Indian railway investments of every class that this apprehension may now be en tirely dismissed. It has been proved that although the public, by some process of rea soning, will not provide money at 5 per cent. if the railway companies intervene, they will provide it at that rate (or a mere fraction higher), even faster than it is wanted, without the companies' intervention. The Government must therefore defer to the taste of capitafista, large and small, and let them have future issues in the more acceptable form. The present is the first loan raised directly by the Government for railway purposes. If requisite, the State must go on in the same course, and, as it may be said, become itself an investor in its own railways. This in volves nothing anomalous, for railways in India are essentially Government undertakings ; and the Government, who are represented at each com pany's board, possess a power of veto upon any transaction. The success of the new loan, there fore, is matter of congratulation, whether it be viewed in the interest of the State or in that of the railways. Satisfaction is expressed, too, at the evidence which 13,000,000 f. of subscriptions afford of the existence of a great mass of capital available for investment, even at a time when the value of money is extraordinarily high ; but this is a point upon which no doubt ever rested, and upon which no demonstration was therefore re quired. gee eirilrefifS• TO OIaIIIIIIONDIDITS. llow,Nommb bisadwl r. "no Swam " toadion Twomboi mob be as Ow Moo, 10. BiIIiVIIIWOOMBek. by Two we Ibo Mg of poillsailes. lIATILUILERT. UN Immo, Tilt RIVAL& Kowa J Brougham, linear. etuppenalsk. aad Ilter blase . Inn Y. Stirling. —and le LEN LA lA' hl HU A SU HMI CHILDHAN . at. Harlequin and a House au r M. Mart Cult, Thaltrelareaue, BIM r. Wright. Ylw E.Weekee. PRI AMISS. Tu ircummo. DON C SSAIt DS DAZAX. Messrs Feebler, T.Ster.& Shore. Kiss M. HAMS. Yrs.% este& —Aod Yisd)N lilt 414 or. Darlsoals YrtAsy, mad The Slog of tbs Carl-flame 1.10A44. Moos. IligAsosa t YAW. Y. ltutilatre, 11:. A. Fond. ST. JAMES'S. TRIP tranos. MY WIPICA JoVILNAL —THE ME OP T. TIO WEE Messrs. A. Wigan sad Leery lira Buckingham Whits. —Ain* lINDYIIItiN. Mann C. Young awl t Im.nc. Illssos Carp, lierfert, and lamp. —Comma e at half past 7. BRITANNIA. TRIP RTIINOIR THE LA4T APPEAL—THE PRINCE AND THE DOB[ Banns. Pitt. Pony. Jean Lana. Roby. k Newham. DON C. Ilaspara, NW A. Dunni Mrs W. crauf”nt.—And JOAN OP ARC. Mews. Lem.lda A N ng. iajtbral MisaLCIA)B.w. MI WATER AT LONDON BRIDOL TO DAT —Mottle& Sh 13a. ... Afternoon, 711. 1 f. timessaow—Morolni, 3h. 4 . Altana" a. Wu. LONDON, MONDAY, FEB. 11. Tea new Indian loan has been the principal object of attention in financial circles during the past week. The reception given to it is so much more hearty than was generally expected as to have excited surprise. The Indian Secretary asked for three millions, and thirteen millions and a quarter were offered to him. For the protec tion of the Government he went through the usual preliminary form of fixing a price below which no tenders would be accepted. When they wen• opened it was found that 6,000,0001., or double the amount required, was subscribed either at or above the reserved price. Consequently, Government get the whole amount required at an advance upon their minimum. Had the price been fixed only per cent. lower, it would have embraced eleven or twelve millions. There can be little doubt that Government would have obtained better terms had it not been for the bad effect lately produced by the discovery of the private creation of upwards of 3,000,0001. of this same stock, which undoubtedly damaged the market for it. Taking the transaction as a whole, however, it is one of the meet suocarful on record. That the public should have a liking for the stock is very natural. It is an excellent investment. It offers to an investor precisely what he is in search of in these days of heavy taxation—five per cent. interest for his money combined with perfect safety. It is not at all surprising that Consols should be thrown into the shade with this competition. How can the public be expected to absorb with readiness a stock which yields at the present price only about 31 per cent interest, when another Minister of the same Crown offers them five per cent. I The "sweet simple " city " of the Three per Cents. may count for much in the estimation of b the large clam who cleave obstinately to old channels of investment merely because they are old ; but • difference of 11 or 2 per cent. per annum in favour of Indian Fire per Ceuta as compared with British Three per Cents. is powerfully calculated to shake old prejudices. It is the competition of the Anglo• Indian exchequer against the British exchequer— the competition of the British SEIItETAZY of STA= for INDI♦ against the British Cxarcetwa of the ca. So far es the degree of security is con cerned, many persons will regard this asadistinction without a difference. Both Ministers hold office from the British Crown, and are responsible to the same Parliament. The lege of the British nation is held over Indian Government securities, as well as over those of our own Government ; for can it be alleged fora moment that India is not an integral part of the empire f iewing the matter from this common-sense ground, does it not seem absurd that the distinction kept up between the two Tressuriss should be permitted to canes a waste of or 1 1 per emit. in the annual charge of the Indian debt? The;appropriation of this amount to the purposes of a sinking fund would greatly reduce the debt in the course of a few years, and would unquestio•ably consolidate the credit of the empire. This is a view which neither the nation nor Parliament may be prepared at present to adopt, but which will assuredly be acted upon hereafter. The caprice of the public in the matter of in vestments receives a fresh illustration if we can. pare the cordial reception given to the new Indian loan with the indifference manifested towards other securities similarly guaranteed by the Indian Government. The scrip of the new Five per Cent. loan stands at 1001 in the market, whilst most of the Indian railway companies are vainly soliciting the public to take at par debentures yielding the same return, and endorsed, both as regards interest and principal, by the self-same authority. The Indian Secretary puts his name to the railway debentures, and the public will not take them except in inadequate amounts ; ho puts his name to a stock bearing the same rate of interest, whereupon capitalists eagerly offer him four times the sum that he wants, and the market immediately stamps the new issue as worth 1001. The security, it may be repeated, is identical. But the railway debentures, which are really Government debentures, have one advan tage over the stock now created, inasmuch as they are repayable at the option of the holder at one of two fixed periods, and not at the option of the Government. For example, the Five per Cent. Bonds now offered by the East Indian and Madras Railway Companies are for a period of five years, but are renewable at the sole option of the holder for • second period of five years at the same rate of interest, provided he gives notice to that effect twelve months previous to the expiration of the first term. The option in this instance is all to the advantage of the holder. He may either have his bonds renewed at the end of five years, or take back his principal. On the other hand, the option of redemption of the Indian Five per Cent. Stock rests exclusively with the Government, and not with the holder. This stock is " not to be redeemable until the sth " July, 1870, but to be redeemable at par on or " after that day upon one year's previous notice " having been given in the London Gazetk by the " Secretary of State for India in Council." The holders are secured against any reduction in the rate of interest for a period oP nine years and a half. If the Indian finances at the end of that term are prosperous and the Indian credit better, the Secretary will probably cut down the holders' income, offering them, of course, the alternative of receiving their principal back. But if the Indian finances are not better, the holders will retain their stock, as they have no right at any time to demand their money back. Notwithstanding, however, the peculiar likes and dislikes of the public in these matters ; their eagerness for one kind of investment, and their indifference to another possessing precisely the The accounts of the progress of trade in the United Kingdom during the past week do not in dicate any increase in the dulness lately noticed. On the contrary, in afewquarters, including the seats of the linen, hosiery, and lace trades, some improve ment is perceptible. The woollen trade may be con sidered steady, notwithstanding the great stagnation in the demand for woollen yarns for exportation. In the cotton manufacturing districts there is still good employment for the operatives, although the transactions in the Manchester market have been limited. The continued unfavourable advice, from India have a restraining effect. One of the most unsatisfactory features presented is the dulness of the hardware trades. Upon this point the ac counts from nearly all parts of the country are in harmony. The trying character of the past year for the agricultural interest may have much to do with this feature. The iron trade continues ex tremely dull and depressed, the absence of American orders being severely felt. This is a branch of business which is much prejudiced when the money market is tight. It is a disgraceful fact that, although we have now reached the 11th of February, the Board of Trade P.eturns for the month of December have not yet made their appearance. THE BISHOP OP DURHAM ON "ESSAYS AND Aliliiis.‘ The following letter has been received by the Viewable R. C. Cole, Archdeacon of.Lindisfanse, hew the Right Rev. the Lord Bishop of Durham, in reply to as address to hie lordship from the Archdeacoary of Liadisfarne, oa the subject of the wait entitled " Essays sad Review.," reesstly published : 4. " My deer Areidesoon—l beg to solosowl Lami na edge Feb. the receipt of the address from yourself the real deem, sad to. cierp of this Areholatooezy Liadhlferse. Having felt it to be my duty to read with great care the volume of Emay, and Reviews' to which the address alludes, 1 am not sir primed that the hearts of keret and faithful churchmen should burn with isdignatioe at finding such a publica tion should have emanated from men professing to be ministers of oar church. I am still lass surprised that you are, as clergyises, deeply grieved at finding such dec. trines ma be heard from say pulpit or professional chair in oar lead. You my that you consider it desirable that the bishops should at awe proceed ti vindicate the commonly received catholic awes of the creeds, articles ? and formu laries. I have mat felled to convey your opinion and wish to a Lip ambit of my right reverend brethren. The sub jolt has andermine lass and serious consideration. The M asse of a beloved member of the family of the Archbishop of Oenterhury, and a telegraphic summons to him, rendered it emential to postpone hither discussion. You will feel with me that say innebasioci determined upon in the absence of that moot reverend prelate would have hat much of its effect from the want el that weight which his wisdom and annum would have gives to it. I feel that I should be falling Way duty as your bishop if I hesitated to express my most deliberate conviction, formed after the careful read ing of the' Sways,' that a more heterodox volume could ware* have hops produced. The cautious style of the writers e_pmelhly reader it dillindt Wino* out of this work a case dined investigation ; but no candid reader can be blind to the fact that inferentially the Atonement is denied, miracles are explained away, prophecy is cast aside, inspira tion, in the only real meaning of the term, is rejected. Under these painful circumstances, permit me to express my hope that your exertions will not be limited to the issuing the address which I have now received. I feel that, as men of all shades of opinion in the church have united in signing the address, because they are convinced of the pressnos,-la the person of these seven emayista, of a com mon foe to Christian truth, so we should all unite in dedicating ourselves afresh to the service of our Divine Master. We should resolve not to allow mere externals to divide us ; but, on the other hood, a common danger to our consume Christianity should make us cultivate a spirit of scriptural unity, redouble our exertions to obtain an experi mocha knowledge of the word for ourselves, to propagate the gospel of Christ awing our fellows, and maintain in the face of the world the value of the sullicieacy and supremacy of the weed of God. It will be, in greet measure, by our esnweleses. and by our scriptural teachim that we shell guard the unwary from being led into paths of web deoperoes speculation, rod elbow our abhorrence of opinions which I, from my beast, ocessider to be not only eletrimisietal to the beet Starlets of morality end derogatory to the word of God, bat which are so manifestly opposed to this truth as it is in Jesus Praying that God may bless all attempts to spread the pure gospel of Christ through the length sad breadth of our lead, I am, say dm arch demon, very faithfully yours, IL liloirracio DUMMY. Van. Archdeacon Cosa." The Des/Ain Daily Zeprese his had a leader and several letters ou • bill introduced test amnion by Mr. Cardwell and the Irish A ttorney•General, taking away from the public their undoubted right to fish or angle for any kind of fish in the Irish lakes and rivers, and transferring it to the proprietors in fee. Thousands of families earn their livelihood by fishing, of which they would be deprived by this most unconstitutional bill, which ought to be at once withdrawn. Alderman Joyat read paper before the Dublin Statistical Society on this question, which will pro be* be brought to the notice of Parliament. At the aoirece of the Southampton Athenreum last week, Sir Henry James, the director of the Ordnance Survey, mid, "That they bad received authority, at least they had inserted it in their estimates, and trusted that par liament would grant the sum of 1,000/. to enable them to conned the great triangulation of this kingdom, from which they bed derived the exact—or as they believed, the exact —miesmrement, extent, dimensions, figure. and density of the earth with that of the Continent. They now found that the trigonometrical surveys of Belgium, Prussia, and RUMS& were so far advanced that if they could connect our triangulation with that of Belgium we should have the means of giving a still severer trot to this measurement, and to measure an arc of parallel, attending from the west of Ireland to beyond the Oural mountains—no lean them one fifth of the entire circuit of the globe, and he trusted that if they were favoured with seasonable weather is the r p neg th e y worr,d carry it through and bring it to a dose. Thi would be the greatest trigonometrical effort ever attempted. THE EXPRESS, MONDAY EVENING, FEBRUARY 11, 1861. LATEST INTELLIGENCE. PRUSSIA. A letter from Berlin of the 4th says that after the adoption by the chamber of the amendment relative to Italy, all the ministers offered their resignations to the King, but they were not accepted. The government journals at Vienna express great indignation with Prussia on account of the vote, and connect it with designs for exalting Prussia to the headship of a German empire. At Turin the enthusiasm is so great that a na tional testimonial to M. de Vincke is spoken of. 1 6 %1'. • AUSTRALIA. XELBOURNE, Dic. 26. Advice* from New Zealand state that there had been no further aggressive inovementa. The arrival of the Robert Lowe had infused con fidence. Trade at Melbourne is quiet. The following are the departures of gold ships since last mail : the Hobe, with 7,309 ounces ; Moravian, 2,418 ditto ; the Lincolnshire, 13,096 ditto ; Thames, 17,261 ditto ; Ydale (T), 5,778 ditto ; Monarch, 22,407 ditto ; and the Ocean Chief, 22,970 ditto. The total exports of wool amount to 30,104 bales. The Wallaroo copper mines have proved rich be yond all expectation. The following telegrams have been received at Mr. Renter'soilioe from the Peninsular and Oriental Steam Navigation Company : CALCUTTA, CHINA, AND AUSTRALIAN g ICOND-HAND PIANOFORTES. MAXIM. MIA eel Co. ban s hive 11111014111414 of gsgalia-imad hainellartak le or are selanse4 MOW% at peaty mimed pless.--IN. impel4ltred. THE ITALIAN CHAMBERS. It is reported from Turin that the opening of the chambers, which was fixed for the 18th, will be postponed for a few days, in consequence of the building not being ready. THE FRENCH SENATE AND ITALIAN AFFAIRS. It is stated that the French Senate shows ten dencies in ite opinions upon foreign policy, much less French than Austrian, and that the com mission entrusted with the preparation of the address are favourable to the temporal away of the Pope, the maintenance of the Bourbon dynasty at Naples, kc. THE LAST FRENCH ANNEXATION. A correspondent of the Brussels LukpendAotee writes : The Prince of Monaco appears well satisfied with the treaty which he has concluded with France, and here in official circles there is a similar feeling ; for if the sum, four millions of franca, appears high, it should be remem bered that the prince has ceded several forests of great value. The wood, which is now state property, will be of the greatest service to our navy, especially as important shipyards are to be estab lished in the little port of Villafranca, situated between Nice and Monaco. It seerna that the arrondiesement of Menton is not well pleased at being annexed to France, and dislikes submitting to French laws, especially to the conscription, which has been very badly received in the newly-annexed provinces. Several families have left, and will establish themselves at Monaco. At Nioe the same difficulties exist in the relations of the new adminis trators to the inhabitants ; perhaps the severity of the tax collectors has something to do with it, (arum's rmsasms.) ITALY. TURIN, SUNDAY Emma. The King will go to Milan to-morrow. The Opinion gives a denial to the report that Garibaldi had made a journey to Turin, in order to confer with King Victor Emmanuel. THE SIEGE OF GAETA. ROME, Fzs. 10. The following official telegram, dated Gaeta, 6th Feb., has been received here : Yesterday a gunpowder magazine exploded near the Porta di ferra. The cause of the explosion is not known. A general and fifty men were buried in the ruins. This explosion opened a breach at the extremity of the fortifications facing the sea. The Sardinians bombarded the city by land and by sea with great violence until midnight. The bombardment proved, however, a second failure. The place suffered less damage from the fire of the besiegers than on the 22nd Jan. Many houses have been burnt. The resolution of the King and the garrison to continue the defence is still unshaken. General Ferrari and Duke Sangro are dead. A French priest has also been killed. Count Averspare and Majors Sangro and Sanse verino have had their legs amputated. GAETA, FRB. 9, Nounirc. The armistice expires at 10 o'clock to-day. Several persons remain buried in the ruins. M. Jaoquemine, commander of a battery received from Rome, has died suddenly. A Sardinian steamer has conveyed 200 Neapoli tan wounded from Gaeta to Mola di Gaeta and Naples. NAPLES, Frs. 9, 3 r.w. General Cie:Alai sent ice, leeches, and medicine to Gaeta, but the Neapolitans having violated the armistice by working at their batteries and repair ing the breaches caused by the bombardment, he has declared that he must break off all communica tion with the garrison. Hostilities will therefore be resumed, and the Sardinians will in all probability succeed in widen ing the breach in the course of to-morrow. Henceforth no flag of truce will be received unless it should come to propose the capitulation of the fortress. TURIN, Fn. 9. The Official Gazette publishes the following tele gram, dated Mola di Gaeta, Feb. 8 : " The garrison of Gaeta having demanded a pro longation of the armistice for 12 hours, General Cialdini granted it, and besides offered to take charge of 400 sick and wounded Bourbon soldiers, as the hospitals of Gaeta were overcrowded. Two steamers were on the point of leaving to fetch 200 wounded when Cialdini learned that the breach was being repaired. He immeliately broke off all communication with the place, declaring that he would make no more concessions, and that he would recommence the bombardment on the follow ing day." MARSEILLES, SATURDAY. • Letters from Naples to the 6th inst. announce that disturbances had taken place at Nota Ascoli and Avellino. Advices from Rome state that the Russian Mi nister, M. de Wolkouski, being detained in that city by illness, another Russian diplomatic agent was about to convey to Gaeta the Grand Cordon of the order of the White Eagle, conferred on Francis 11. and the Bourbon Princes by the Em peror of Russia. ROME, Frs. 6 (vii Marseilles). _ Strong columns of Piedinontese troope are march ing through Umbria towards Naples. A portion has already arrived at Perugia. The committee at Rome for annexation to Sar dinia has advised the citizens to participate in the gaieties of the Carnival, as the aspect of affairs is satisfactory. CHINA. TIEN.TSIII, Dec. 2 012) There is no news of importance. The weather is intensely cold, but the condition of the troops is satisfactory. SHANGHAI, Dec. 23. Lord Elgin is still here. The rebels are quiet. The second instalment of the indemnity has been paid. Trade is generally very dull. News from Japan announces that the state of affairs was not satisfactory. The Prussian Envoy to Japan had not attained the objects of Ms mission. CANTON, Dec. 31. The revised tariff is now enforced. The man darins are levying heavy inland duties. POINT DE GALLI; JAN. 18. The Loyal Lily has been lost on the island of Bintang. ?dims. The Euxine, with the above mails, arrived at Marseilles at midnight on Sunday. The mails left for London at 10 a.m. this morning. The Ceylon, with the heavy portion of the above mails, left Malta at noon on the Bth, and may be expected at Southampton on the lith inst. The J add° brought the Australian mail to Cey lon, arriving there on the 14th January (two days early) ; and The Nemesis, conveying the mails, kc., from Calcutta and China, reached Suez on the 3rd inst. OUTWARD BOMBAY MAIL The Delta, from Southampton on the 27th January, reached Malta at 9 a.m. on the sth inst., and left for Alexandria on the same day at 6 p.m. THE UNITED STATES. QUEENSTOWN, SUNDAY. The Royal Mail steamship Axis, Captain Lott, from New York on the 30th ultimo, arrived here at 6a. m , landed all mails except those for Liver pool, and proceeded at 6.15 p.m. All welL She brings 37 passengers. The steamships Etna and Arabia had arrived out. The Washington correspondent of the New York Herald states that, in consequence of the mediation of Virginia, the President had sent despatches to the commander of the Brooklyn, ordering him not to enter Pensacola harbour, but to act strictly on the defensive, unless Fort Pickens should be attacked. The republicans had taken active measures for an adjustment on the basis of Mr. Crittenden's propositions. A large deputation of New York bankers and merchants had arrived at Washington, in order to endeavour to facilitate a compromise. It was expected that the anti-secessionists would have a majority in the Virginia convention. The Texas legislature was in favour of immediate secession. COMXESCIAL INTELLIGENCE. New YORK, JAR. 29. The stock market is steady. New York Centrids ars =BO, Illinois Central 79i, Erie 36g. Money and ex are steady. Sterling bankers bills are quoted 107. Cotton Niles to-day 4,000 bales at previous roue. Wheat irregular. Corn buoyant. Sugars, coffee, and provisions brisker. New ORLEANS, JAN. 29. Cotton sales to-day 22,000 bales ; middling, lle. to Ilia. Freights for cotton to Liverpool, Id. LIVERPOOL, MONDAY. The Royal Mail steamer Ai* Captain Lott, from New York on the 30th ult., has arrived here. A summary of her news has been telegraphed from Queenstown. The following additional items have been received : The secession ordinance bad been passed in the Louisiana Convention by a vote of 113 yeas against 17 nays. A resolution declaring the navigation of the Mis sissippi to be free to all friendly powers was also passed unanimously. The Louisiana State troops had seized the United States Marine Hospital at New Orleans, and had ordered the immediate removal of the patients, the hospital being required for the troops of the state. It was asserted that Colonel Hayne bad again been instructed peremptorily to demand the surrender of Fort Sumpter. QUEENSTOWN, SUNDAY. The Royal Mail steamship America arrived here to-day at 11 a.m., embarked mails, and proceeded for Halifax and Boston at 4 p.m., all well. GALLANT LIFEBOAT SERVICES. SRATON CHEW, DURHAM, SUNDAY.-At 5 o'clock this morning the Seaton Carew lifeboat, belonging to the National Lifeboat Institution, saved the crew of eight men of the brig Providence of Warkworth, which, during a fearful gale of wind, was stranded a mile to the north of Seaton Carew. Again, at S a.m., when the storm wax raging in its full fury, the noble lifeboat went out. and took off the crew, eight in number, of the brig Mayflower, of Newcastle, wrecked on the East Ow Sand at the entrance of the Tees. The boat behaved very well on both occasions. BrAt lIA RIR, SUNDAT.—At daybreak this morning, during • gale of wind, PIM sailors were discovered clinging to the rigging of a vessel which had sunk during the night, on the Dutchman's Bank. The Penmen lifeboat, of the National Lifeboat Institution, immediately proceeded to their assistance, and brought them, four in number, safely on shore. They belonged to the schooner Village Maid, of Fleetwood, and had been in the rigging thirteen hours. Any other boat than a lifeboat would have been swamped on the occasion, as five successive mesa nearly filled her, but she immediately emptied herself of them. Rent, SUNDAY. —lt blew here yeeterday a strong gale from E.N.E., with thick weather and heavy rain. The schooner William, of Liverpool, was observed to be stranded about a mile and a half from Rhyl. The tubular lifeboat, which also belongs to the National Lifeboat Association, was, after some delay in procuring hones, Isatichel and proceeded off, and afterwards succeeded in taking the whole of the crew of five men safely to shore. Aaet,ow, SATURDAY.—The Arklow lifeboat, belonging to the Natiooal Lifeboat Institution, was instrumental, during a terrific gale of wind from the N.E. and a fearful sea, in rescuing the crew of five men from a vessel which had got ashore between the South Pier and the rocks. Owing to the very tempestuous state of the weather, the lifeboat experienced immense difficulty in accomplishing her mission of mercy ; but, thank God ! she at last succeeded and brought the poor fellows safely ashore. tigr.Rgios, COUNTY DUBUN, SATURDAY NIGHT.—A fright ful storm has been raging al l day on this coast, and there are no signs of its moderating. The schooner Margaret Ann came ashore near Skerries, and her crew of five hands were taken off by the lifeboat of the Royal National Lifeboat Institution. The crew of the smack Gipsy, of Newry, were also taken off by the same valuable lifeboat in the height of the storm, at the Lack of the Skerriea Islands. The lifeboat craw behaved nobly on both occasions. FE►RTCL CATASTROPHE AT KINOSTOWN.-0110 of those terrible disasten which from time to time warn mao of the vain shadow that he walks in, has juot occurred at Kingstown. A telegram from thence announces that Cap tain Boyd, ov: her Majesty's ship Ajax, has just been drowned within a few yards of the ship he so lately com manded, and that fourteen of his crew perished with him. While engaged in the hazardous and unselfish task of renting the crew of • vessel which was ashore on the East Pier, a wave swept them all into gie sea, and they were seen no more. In Captain Boyd aie service has lost • breve and skilful officer, while those with whom be was acquainted in private life best know how universally and justly he was respected as • man, and how endeared he was to all of them as • friend.—Dublis evening Mail. THE Simms or (}secs.—"lt is stated," says the Nord, "that, according to a report addressed to the Em peror by Admiral Le Barbier de Tinan, Gaeta, on the 19th of January, had only two months' provisions, and only a month's ammunition, even supposing the latter to be used in the most economical manner. It is consequently ex pected that the forced capitulation of the town will take place between the 23th and 28th instant. The Persererarem of Milan states that a banking house in that city has lent two million francs to the muni cipality of Naples, in order to enable the works for the em bellishment of the capital of Southern Italy to be pushed on with activity. The works for extending the fortifications of Ant werp, Interrupted by the severe weather, have been re sumed. The number of navvies employed is 3,300. In digging the foundations for Fort Marie • number of flint axes were found ; and at Borsbeeck sevend bronze 'peer. beads, with • small fixed ring. These weapon of the Celts and ancient Germans prove that those tribes once occupied the environs of Antwerp. A petition to the Belgian Chamber of Represen tatives, in favour of making French gold coin a legal tender in Belgium, has been must numerously signed at Brussels during the beet few days. ebe Court. The Queen, accompanied by the Primams Alice, and attended by the Hon. Caroline Cavendish and Lord Alfred Paget, visited the Duchess of Cambridge on &dm. day afternoon, at her residence in St. James's Palace. The Queen and Princess Alice rode in the Hiding.liouse of Buckin4hato Palace in the forenoon, attended by the Hon. Horatia Stopford. The Prince Consort, attended by Lieutenant• Colonel the Hon. D. de Ros, paid a visit on Saturday to the Duchess of Cambridge. His Royal Highness went to the South Ken. singteo Museum. the Queen's dinner party in the evening included the Primus Alice, the French Ainbareador and Countess de Fishault, FAA Granville, the Duke of Argyll, the Duke of Wellington, the Marchioness of Ely, Lord George Lennox, Viscount sad Visconnteas Bury, Load and Lady Begot, and Sir George Bowles. Yesterday the Queen and Prince Coneort, the Princess Alice, Prince Arthur, Prince Leopold, the Princesses Helena and Louise, the ladies and gentlemen of the Court, and the domestic bowiehold, attended Divine service in the private chapel of Buckingham Palace. The lion. and Very Rev. the Dean of Windsor preached the sermon. Yesterday being the twenty•first an nivenviry of the Queen's and Prince I 'owort's marriage, a selection of sacred music was performed in the evening at Buckingham Palace. A Cabinet Council was held on Saturday at the official 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 G. Cornwall Lewis, Lord John Russell, the Duke of New castle, Lord Herbert, Sir Charles Wood, the Chan cellor of the Exchequer, the Duke of Somerset, the Right Hon. T. Milner Gibson, Lord Stanley of Alderley, Sir George Grey, the Right Hon. C. P. Villiers, and the Right Hon. Edward Cardwell. The Commiwioners or the Exhibition of 1862 met at the Privy Council office on Saturday last. Present—Earl Granville, the Marquis of Chandos, Mr. T. Baring, M.P., Mr. C. W. Lae, and Mr. Thomas Fairbairn. The Judicial Committee of the Privy Council sat on Saturday. An appeal from the Court of Arches. " Poole v. the Bishop of Loudon " (part heard), was continued. Her Majesty has signified her intention (says the Odeerrer) to enrol the King of Prussia in the list of sove reigns who are Knights Extraordinary of the Illustrious Order of the Garter. A special mission, at the head of which will be a nobleman of high rank, will proceed to Berlin, to waist at the investiture of his Majesty William the First. The Queen has appointed tLe Marquis of Huntly lonl•lisuteaaat and aheriff•priocipal of the county of Aber deen. The Queen has appointed the Rev. Andrew Wilson, assistant and suaxesor to the Rev. David Harris, a minister of the church and pariah of Fain, in the presby- tery of Fearn. Viscount and Viscountesa Paliueraton entertained his Excellency the Russian Ambassador and Baroness Brusow, his Excellency the Sardinian Minister, the Marquis of Lansdowne, the Marquis and Marchioness of Clanricarde, the Earl of Shaftesbury,Lord and Lady Stanley of Alderloy, Lard and Lady Napier, the Right Hon. Win. P. and Mrs. Cowper, Hon. Miss Stanley, Mr. N. Jocelyn, kc., at dinner cm Saturday, at their mansion in Piccadilly. Lady Palmer ston at a later hour had a " reception," which was rather fully attended. The party broke up about midnight. Lord and Lady John Russell had a dinner party ea Saturday, at their residence in Chesham•p.ace. The guests included his Excellency the Austrian Ambassador and the Countess d'Appooyi, his Excellency the Belgian Minister and Madame Van de Weyer, the Country (Dow.) al Westmoreland and Lady Rem Fan*, Hon. liajnrAnaor, M. fiabonreff, Captain Lima ley, Mr. M. Villiers, kc. _ . The Countess Apponyi'a aasenibly, which wait to take place to-morrow, is unavoidably postponed to Tues day, the 19th instant. The Duke of Hamilton leaves town to-day fur Paris. The Countess Cowley and the Ladies Wellesley are staying at Moor Park, on a visit to Lord and Lady Mary. Viscount Lismore has taken the residence of Vinootint Ebrington, in Bruton-street, for the season. Viscount and Viscountess Boyne have arrived in taws. Lord and Lady Clarence Paget entertained a select circle at dinner on Saturday evening, at the Admi ralty. Mr. Edward John Stapleton haa been appointed • junior clerk at the Home-othee, Whitehall. The Lord Chief Justice of the Queen's Bench has made the following arrangement' in the Masters' office on the Crown side of the court : Mr. Norton will be pro moted to the office of Queen's Coroner and Attorney, in the place of the late Mr. Corner. Mr. J. G. Malcolm, of the Home Circuit, :will succeed Mr. Norton as Master. The place of ueistant•msster of the Crown-office has been abolished. The meeting of liberal members of parliament, which was to have been held to-morrow, respecting the abandonment of the reform question by Lord John Russell, his been postponed. It appears that the directors of the Eastern Counties Company, at their last meeting, determined to adopt a system of communication between the guard and engine-driver of a train, which will in the first instance be applied to express and fast trains, with a view, however, to its extension to ordinary trains. PARRINTON TESTIMONIAL. The retirement into private life of Mr. Joseph Furnace, of the firm of Parrinton, Ladbury, and Co., ac countants, King-street, Cheapside, has been taken advan tage of by the principal houses engaged in the Manchester trade as affording a fitting opportunity for the expression of the high regard and esteem in which his services are held by them. A meeting was held at the Guildhall Coffee-house on Friday last, at which most of the large City firms were represented, for the purpose of presenting Mr. Parrinton with a valuable service of plate, previously subscribed for. JOHN Ditf.ox, Es q. (Morrison, Dillon, and Co.), on being called to the chair, expressed the great pleasure he hilt in occupying that position on such an occasion, and adverted is laudatory terms to Mr. Parrinton's long and successful career, extending as it did over a period of 40 years. as exemplifying the sever•fsiling result of sterling integrity sad untiring energy in business pursuits; he referred eve. Melly to the unflinching independence and firmness of pur. pose which had characterised Mr. Parrinton's conduct in trammeling the business of debtors aud creditors, displayed as these qualities often had been under circumstances of great anxiety and difficulty ; he considered that the pub lic generally, and more particularly their own trade, owed Mr. Ysrriuton • debt of gratitude which they could never hope to pay, and he therefore, on the part of what be would term a meeting of debtors, begged Mr. Parrinton to accept the service of plate before him, by way of • composition. Mr. PARRINToN, with some emOtioo, responded to the chairmac's address, by saying that he could only express his heartfelt gratitude to the gentlemen present for the honour they did him, sad to the chairman who had given so high an opinion of his character, and to Mr. Asburst, the hon. secretary of the committee, who had cheerfully performed what he felt must have been • very onerous duty. He was not conscious of powwowing the virtues to the extent so liberally ascribed to him, and he should receive the expresoiona of their appro val and esteem as being applied to the prineiplea he hail endeavoured to follow rather than to any 111011 i 011 his pert. He then proceeded to make some valuable reloark• MI the seneral conduct of bankruptcy and insolvency matters, especially in relation to the duties of the seuountant, and coocluded by expressing himself as favourable to the principle of Orin; insolventa a direct late:rat in the proper realisation of their estates, by assigning then, a percentage on the amount of assets recovered for the et-edam-a. A cordial votes, thanks to the eliairman brought a very interesting nesting to • close. The testimonial, which is very haudsornely executed, com prises an elaborate centrepioce, a largo oval ether, on which o engraved the names of the seventy firms who subscribe to the testimonial, and the circumstance which led to it. pre sentation ; a round salver somewhat smaller, an ink-stand, a tea-kettle, a claret jug, and a full tot and co ff ee set ; the whole, together weighing toon ounces, is from the manufac tory of Messrs. Smith and Nicholson, of Dukestreet, Lin coln'ainn-fields. Among the subscribers we noticed the names of Memo. Morrison, Dillon, and Co. ; Copestake, Moore, and Cranium's ; Dent, Alcroft, Lycell, and Co. ; Truman, Hitchcock, and Co. ; Caldecott, Sons, and Co. ; Lest, Sons, and Co. ; George Hitchcock and Co.; Thomas Tapling sad Co ; Cook, Sons, and Co. ; J. F. Pawson, Fos ter, Porter, and Co.; White, Son, and Co.; Hocking, Hitch. cock, and Co., he. EXPRESS FROM PARIS. (net ova own coaassroserarr.) PARIS, SUNDAY EVENING. The Patric—not in this instance echoed by its comrade the Pays—says : A letter from GIGO& beings us the following news :—The old Garibaldiaa coupe are being reorganised ; all the dead weight will be got rid of, and only those men who are 6t for war kept cia foot. The volunteers retained form four divisions. The let, commanded by General Turr, will shortly have its head-quarton at Mondovi ; the lid, under !Hsi°, will, it is said, go to Vercelli ; the 3rd, of which Medici is the commander, will be at Biella ; and the 4th, that of Cowin; at Asti. The cabinet of Turin io embody ing these corps acts wisely ; rt desires to remain Miter of their movements, and to prevent them from acting without ita direction. This paragraph seems to me a contzadictiou of that which the Pattie and Pays put forth from the " very best authority" last night. The departure of Garibaldian volunteers from Paris for Genoa, so far from being as indication, as the Patric repre sented, that Garibaldi was about to attack Hun gary, is, according to the present explanation, a corroboration of the statement that the chieftain has consented to act in entire concert with the Sar dinian government. The following paragraph is served up as "latest news" by the Pays : The presence of Mr. Roebuck in Vienna has given rise to various comments, and has been generally interpreted in a warlike sense. Mr. Roebuck went to Vienna as the repro. sentative of an English company which had undertaken to furnish ten armed steamers to the Austrian government. The inference was drawn,thatAustria was actively occupied in reorganising her war navy. But we are now able to state, from a good source, that the sole object of Mr. Roebuck's negotiations is the establishment of a line of steamers be tween Liverpool and Trieste. The only thing, therefore, to be seen in this affair is a new attempt of the Euglish to extend their influence in Austria by increasing the means of communication between England and one of the principal points of that powerful state. The Muniteur contains a curious specimen of the working of the new rule, which prescribes first a " compte rendu," and then a shorthand report of the parliamentary debates. It gives two reports, between which there is scarcely any difference, the shortest being about two columns and a quar ter, and the longest little more than two columns and a half. This useless and, to the other papers if they are expected to follow suit, bur densome repetition can hardly become a per manent institution of the state. The proceed ings yesterday were of alight importance. An election at St. Omer was objected to by M. Picard on the ground that the government candidate had announced himself as the " candidate of the Em peror," and therefore exercised an undue pressure upon the constituency. He mentioned an instance in which a candidate had bein prevented by the prefect from calling himself a " candidate of the electors," and thought that equality should be the rule on this subject. The election was held good, but at the same time the reporter expressed an opinion that the practice of dubbing a man the Emperor's candidate should be discontinued. M. Eugene Guiuot, the well-known fettilktortiste, died suddenly yesterday at St. Germain. His " Summer at Baden-Baden " will be remembered by many English readers. The exhibition of the designs for the new Opera is to remain open till Tuesday evening. Wagner's long-talked-of Tan,ihanser is really coming out at last ; it is in rehearsal at the Grand Opera, and the fiat representation will " certainly" as it is announced, take place before the endjof the month. The cast is arranged as follows :—Tana. hamper, M. Niemann, first tenor to the King of Hanover ; Venus, Madame Tedesco ; Elizabeth, Mdlle. Marie Sax ; Wolfram, Morelli ; the Land. grave, M. Cazeaux ; and a Shepherd, Mdlle. Re. bou, a pupil of the Conservatoire. I'ARIS,.SATCEDI3 EVIMING. After Bourse hours, yesterday, the Rente was done by the assessors at 68.60, being sc. higher than the closing official quotation ; and this morn ing, there being a great many orders to buy, it rose to 68.70 ; but iu the afternoon business became flat, and the Rents left off at yesterday's price, 68.55 for account, and at 68.50 (with a rise of 5c.) for cash. Mobilier roes sf. In the closing prices of railway shares there was scarcely any change. The fall from the highest prices of the day is attributed to rumours above referred to of a probable movement by Garibaldi. The Marquis de Cadore, attachd to the French Embassy at Rome, has just arrived in Paris with despatches, which of course are said to be impor tant. There is a rumour that the address will con tain a passage "relative to the Pope," and I am afraid, from all I hear, that it will be in his favour. I know that extraordinary efforts have been made through'priests and women to prevent the few in dependent members of the house from speaking in what is called an "anti-catholic spirit." Ido not think these efforts will be successful, but it is beyond a doubt that outside Gie house there is a split in the liberal party upon this subject. As to the majority of the house itself, it is essential to bear in mind that they are all government nomi nees, elected by drilled universal suffisp, and it is therefore not to be supposed that, because they have just been granted freedom of speech, they re- I present anything but the master to whom they owe their seats and salaries. Ahmed Vefyk Effendi, the Ottoman ambassador at Paris, has been appointed by his government plenipotentiary in the conference on the Syrian question which is about to be held in Paris. It is said that he will leave fur Constantinople as soon as the conference is over. The Viceroy of Egypt, about whose projected pilgrimage to the holy cities there has been much controversy, actually left Suez for Medina on January 27, on board the steamer Hedjaa. He was accompanied by Bimini Pacha, and Kurchid Pacha, the Governor of Alexandria. It is positively stated by the French flovernmeut journals that the defeat of the Prussian govern ment on M. De Vinke's motion will not lead to any change in the cabinet. Admiral Le Barbier de Tinan, who was at the last ball at the Tuileries ' has left for Toulon, and it is once more announced that his fleet is under orders for the Adriatic. I hear that out of respect to the great principles of universal suffrage, which is the basis of the em pire, the inhabitant^ of the Lilliputian principali ties of Roquebrunne and Menton, who have just been transferred to France by 'ready, are to have an opportunity of ratifying the annexation by the ballot-box. Now I really think it would not be an impertinent question if in the forthcoming debate on the address some deputy were to ask M. Baroche or M. Billault, or any other great government pm, merely for the purpose of illustrating the theory of universal suffrage, what would happen if the newly annexed people were to take it into their heads to say " No." It is rumoured that the two marshals' batons which the Emperor has todispose of, in cousequenee of the deaths of Marshal Prince Jerome and Mar shod Bouquet, will be given to Generals Montauban and Martimprey. In my letter of yesterday week I translated, for the purpose of holding it up to public execration, a letter from a Mr. Robert Howe Gould. volunteer ing evidence against Mr. Paterson, and offering hie humble services to Prince Napoleon "in any way whatever." I observed that M. Allou must have felt himself in a great strait when he brought for ward such a letter as evidence in favour of his client. At the time I bad heard nothing of the writer, and formed my opinion entirely upon his own showing. Within the last day or two this person has been arrested on a charge of forgery, and he now lies iu Maxasprison awaiting his trial. It was expected that M. Berryer would have stated this fact publicly to the court yesterday, but it was probably thought irrelevant, the evidence being nothing worth, even if it were accepted as true. satin RAE • Thi imprc f etbdx Wu 0 Tb to be ties i sP!ti r Mr that the p Th Yi be ix had t. h. Th whet mach deie . ; of th plain Hi prefe of bu in th uotbi been befor wout with A *rant, mitten razor boa for tli fend 4 ePe bun Plie it th with it) qi 0101/ 1 16 4 ILI t lite stril to I t blot fain fine nom