The Express. — London, England, 1861-01-07 00:00:00

LI HAND PIA tg()ro RTES. : ItIALC. Awl beer • ammtia. b ui of ar• • situ Physet ,, rtae. Iv the wee eeheeseed akelt••rh at p..' ..11. pn es D.I. ittArieldivel ST. JAMES'S HALL RESTAURANT, kelp sm.% and rkaiittly L.. •,r. 1..!.D. r., W. 1.: atc hot /vibe; Ladies. ski Wit. LM)SALD. Proprietor. %::;xl)r,e ~- .. . . f: EArot4 PUT^. _ I:,trodt•: ..r - 11 w Szywoo - !resin' ro,' 0,4 rr st are an , r. 141. louver,. kln-at by Iwo ya w l, oe tbe doy talooLbcatiorr. oJAVIIAIICIT. • LV ,4 . 44 . rkle. If 1. LoiVII OAK • It, FL, ,Ant,.. NM, •• 't.rb.X. Mob Lay.lueL Mr. VrelksoK —Awl 41 !AN L, i • - I kl. AN!) Ulf: :I:LUKEN . or, Ilertioluoe, al.d. 11.•ue Ilerr , %.l‘ II r WnilLL 114.1 I We..tkot. vr!vccgol, 1 . Erre!Nc. rHr.. 410 1(..11:%N 11111.11111 0 . R, litters. A. Ihr Fr, sr:. lln Imet•Hithas. ,al1.•! Co: I 6.11 r AAA The Kum 44 the idatriblwe • .11c. A. lAmiLatre, `lt a Vvr,at. .1%.1A11111M4. 1. I:yr . :114. 18' '<l. .IT. TIRIONV. Iltittti A Wlran aY•11 u,-•n Mn. E n . Yinat•a••. White.—And W ertrmiestiza. yu. 11/1 Lin% IN* tbatl:rsed Int th.•llo•Ht n,. .0 wig 4.1 Ll.Dtk) Misses 11LI:rais.Urrhert, Q E•mvr. I:AITA\YTA. .re ityr,lnso s: 14;:1 E — AWL) TA! 00 It F. M , sses. Pitt. I'm ry, Jean 4..111, sad Nssrhass . MMAilia. N. , • Mr. W r. .6. }.,N.—And A It LIA.%OE FRoM THE rei . Mrs E SIGH WATflt 4T LONDON UIDOL !.AT —Mormons, '4l. 'MO Pb. ;711E. 1.. .vat Iluroone. !th. 37a Mormon. N. Qs. L,G2il)O V, DAY, JAN. 7. T •F. unfavourable predictions which have been ear eased in many quarters during the last few months respecting the course of the money market unfortunately, been already to a consider abl • extent realised. The rate of discount has nser to 6 per oent.—an unusually high point in this country ; the market during the last two or three weeks has been characterised by considerable stringency ; and there has been a heavy draught upon the resources of the Bank of England. W, we see the private securities iu that este bleiliment—which represent chiefly loans and dis counts—rise to the extent of no less than 2,3!1,1111. within a single week, we may be sore Vitt the state of the money market is such as to deserve close study. Such a move mm+ suggests two conclusions—the first is, that the demand on the part of the commercial public is eetraordinanly pressing ; and the second, that, from some cause, the other bankers and money dealers are either unable or unwilling to afford the accenimodation required, the result being that the great bulk of the current business is turned upon tile• (tank of England. From various indications it I i to be inferred that uuvrillingumi rather than is•ibiluty is, in the present instance, the primary cane, ; and this unwillingness is based upon eautieu. It is believed that at few former periods have the various banks and 6nan chit establishments been better provided with reams-ea, or better prepared to sustain any shock that may arise, no matter from what cause or quarter. The warnings sent forth to the financial world during the last few months have, indeed, been numerous and unmistakable ; and due ad vantage has been ta'seii of them. But even now dna desire to observe extreme caution indisposes nisey dealers in money from carrying ou business with anything like their usual freedom. They see that the market is tight, and that some disquietude pica ails, which might soon ripen into a very un settled condition. If they lend freely now, they see little probability of being able to supply them ealvee again, except at a considerable sacrifice, in the• •ant of pressure arising. Moreover, it is the buain.•aa of every dealer in money to get the best peeehle price for his commodity—in fact, to sell it ktgely at the very "top of the market ;" and, as we one is bold enough to assert that there is no Armee at present of the rate of money wising further, holders cannot be blamed for acting) upon what is unquestionably a legitimate commercial principle. For these ma ss bankers' reserves are held with se unusual degree of tightness. The instinct of competition amongst this class of traders is for the moment to a meat extent in abeyance. They are content to let the Bank of England carry on an immense business. This they can the better afford to do because at times like the present the great mass of the community are too glad of obtaining accom sedation to care about scrutinising the terms very narrowly. Closener in this respect may be pur sued with safety when the market is settled, but, pest now, the great body of traders who are not customers of the Banl of England are perfectly willing to pay a considerable advance upon the Bank rate. Probably they tare no worse than they would do had they a discount account with that eetabilhment, for it must be borne in mind that six per cent. is at present the init.:mum, not the M 0.61.114101, rate there. The Beak of England, too, like all other prudent bankers, will not ac commodate any customer beyond the extent which they consider commensurate, not only with his means, but with their own means. The Bank of England of course, vast though their resources are, cannot accommodate everybody. The effect is, that although the other money dealers are at pre sent doing a relatively diminished business, it may be a more profitable one than usual, inasmuch as there may be a larger margin than ordinary between the price which they pay for money and that at which they lend it out. They can, there fore, 'I as already pointed out, afford to retain what may be termed an expectant attitude whilst the Bank of England are extraordinarily busy. This unusual diversion of business to the Bank of England, however, promises to keep the market comparatively tight for an indefinite period—as long, indeed, as the existing causes of disturbance remain in force. Its effect is to put the commer cial community deeply in the books of the Bank of England; and as that institution has an unusual degree of control over the market at =settled times, it is easy to foresee what will happen. At such periods the kind of monopoly en joyed by the flank—we use the term in no invidious sense, but chiefly with reference to its monopoly of the use of the public balanom— stands out in stronger relief. The monopolist establishment has really used a large portion of the Treasury deposits in loans to the commercial public ; but it has only used them for a safe period, that is to say, until the 9th of January, when the div:deuds must be paid. Consequently, on the vcryday when the Bank will be called upon to shovel out some millions of money as dividends, they will rake some millions of this money beck again. The result will be that the general market will derive mach less than the aguel degree of relief from the J-invary dividend payments. Bankers and com mercial houses n.un fulfil their obligations to the Bank of England, and, when they have done that, they will find their reserves brought down again nearly to the amount which they consider it pru deet to retain permanently. The way will then be prepared for renewed applications by the public to the Bank. A lthoneka the dishiest:me of the moues market arises primarily fa re, foreign causes, THE EXPRESS, MONDAY EVENING, JANUARY 7, 1881. its internal arrangements ire frequently worthy of being watched with at least equal attention. The magnitude of the commercial demand for money at the turn of the year, and the absorption of the currency occasioned by the great increase in the her of payments at this season, are well illustrated in the fact that, during the last week, when the demand in the discount market was most pressing and the supply on offer the scantiest, the amount of Bank of England notes actually in cir culation was much larger than in the week pre vious. Last Friday night's return states the amount of the active circulation at 20,511,395/., being 867,095/. more than in the preceding return. This circumstance also tends to confirm the vies- that the tightness of the money market arises rather from the caution of the dealers and of other houses than from any absolute deficiency in the supply. It will be observed with regret that the im presaions with regard to the prospects of trade at , the commencement of the new year are not of a very hopeful order. The real strength of our position consists in the fact that trade is --so far as we can judge—sound. As to its probable extent and the prospect of profit, we must wait before we can form any sanguine an ticipations, the elements of disturbance, both 611111 n. dal and political, being unusually numerous. The cotton interest is looking at present with consi derable anxiety to the progress of the crisis in America, as bearing upon the supply of that article, which is as indispensable to our people as corn. For our immense cotton manufacture to be really prosperous, the raw material must be cheap, and this means that the supply must be large. But the fact is, that cotton is now about I id. to I id. per lb. dearer than it was in last August, in spite of the check which is ordinarily given to the speculative holding of any kind of produce by a decided rise in the value of money. And, as regards the supply, the statistics are of rather a striking nature. The stock in Liverpool has run down to a point only about 100,000 bales in excess of that held at this time last year ; and it is pointed out that this excess of 100,000 bales is entirely swept away, if we ex tend the comparison so as to embrace the quantity at sea for this country at the two periods. But, on the other hand, if the estimates of the American crop are correct in placing it at something near four millions of bales, it is evident that the long-promised cot ton famine is once more indefinitely adjourned. If there be not abundance, there will be no scarcity. It is quite clear that the falling off in the ship-' ments of cotton from America, which amounts to about half • million of bales, as compared with the quantity despatched at this time last year, is occasioned solely by the crisis there, and by the dislocation of the exchanges, first as between the North and South, and secondly, as between America and Europe. In America the price of cotton has fallen, whilst in England it has risen. If commercial calcula tions count for anything, this double movement must infallibly stimulate the transport of the raw material from the place of production to that of consumption. It is sufficient for us to be assured that the supply exists in moderate quantity. America wants to sell it as soon as possible, and England is anxious to obtain a good supply. It may, therefore, be reckoned as oer tain, that, although speculators may make a har vest out of the fears of the spinners and mannisc turas, not many months will elapse before Liver pool will once more see her stores well filled. The question as to how far the civil strife in America —tor such it now really is—will interfere with the tutu* production of cotton, is one of less pressing interest, yet, as involving a new element of specu lation, it will probably not be without its effect upon the market. _ Notwithstanding the causes of anxiety which have arisen in various quarters, the complaints from the seats of our manufactures are not nume rous. In the silk and lace manufactures depres sion prevails ; and neither the hosiery nor the iron trade is in a satisfactory condition. But in the larger branches of industry steadiness conti nues to be shown. In the cotton manufacture, more particularly, great activity is kept up through the satisfactory extent of the orders in hand. . LATEST INTELLIGENCE. THE UNITED STATES. SECESSION OF SOUTH CAROLINA. In the tioutlient Convention at Charleston, on the 20th ult., the President announced the appointment of the committee to ilraft a sum mary of the cause of the secession of South Carolina ; also of four standing committees. A resolution to appoint a committee of thirteen for the purpose of providing foe the assemblage of a conventiom of the seceding states, and to form a constitution, was adopted. Mr. Inglis made a report front the committee to prepare and draft an ordinance proper to be adopted by the convention : "An ordinance to dissolve the Union between the state of South Carolina and other stated united with her under the compact entitled, the Consti tution of the United States of America : We, the prop' , of the state of South Carolina, in conven tion assembled, do declare and ordain, and it is hereby declared and ordained, that the ordinance adopted by us in convention on the 23rd day of May, in the year of our Lord 1788, whereby the constitution of the United States of America was ratified, and alau by all acts and party of acts of the general assembly of this state ratifying amend ments of the said constitution, are hereby repealed, and that the union now subsisting between South Carolina and other states under the name of the United States of America, is hereby disoolved." The ordinance was taken up and pared by a unanimous vote of 169 members, at a quarter past 1 o'clock. • As soon as its passage was known without the doors of the convention, it rapidly spread on the street, a crowd collected, and there was immense cheering. The subsequent discussion was as follows : Mr. MAGRATH—I think the special matter of the ordin• aece should be immediately considered. To my understand * there is no collector of the port nor postmaster now within the limits of South Carolina. What you have done today baa extinguished the authority of every man in Carolina deriving authority from the general government. I am in favour of this body making such provisional arrange. meats as may be necessary in the interval which may exist between this moment and the time when the legislature may act. lam not, however, to be implicated as sanction. tag the idea that them is no lawful authority within the Welts of the Mate except the geseral government. Mr. Ormao—After South Carolina abrogated the oonstitu• titan of the Coiled States, am its laws still in force? I think not. All the laws of coupon fall instantly to the ground on the act of secession. Mr. Cosirrne—As an immense chasm will be made in the law, and as it is necessary to avoid inconvenience to the people, we must make some temporary arrangements to carry on the government. Yr. Gnaw —Them is no law on the subject of the tool. lection of the duties in South Carolina now. We have now accomplished the work after forty years. Mr. liaises—The coogrees of the United States is no longer our government. It will be for our legislature to say what laws of the United Slates shall be continued sad what not. The simple act of secession does not abropte all the laws. We have a great many laws on our statute books which were pealed by the governor and the privy emmeiL Mr. Gintori--The congregational laws for the collection of revenue are for the support of the federal government at Washington ; and all our poet-office laws fall on our disso lution with that government. Kr. Mw.—We have to deal with facts and stern mall. time. We must prevent confusion, anarchy, and the de rangement of our government affairs. Thins must for the present remain in statu quo, or confusam will arise. Mr. HAvsao—Sudden action is injurious. Mr. Cworrieur—Two questions are involved—power and duty. We must preserve our people not only from incon veniences, but chaotic condition. We must revivify such laws as will best preserve us from caLimities. As to duty, will you turn the ship of Mate adrift—what will become of the °Moen ! Mr. MAeZYCK—There is no duty for the collector of the post to do. The post-office bee been swept off. My opinion is that the prompt system of poetal arrangement is a aui• sauce. The public can be better served by private parties between cities like PhiladeJpitia and New York, one cent. instead of three, and between leas important ten or more cents. Mr. Causous--We bare pulled a temple down that has been built three-quarters of a century. We must clear the rubbish away to reconstruct another. We are now homeless and homeless, and we must secure ourselves against storms. Mr. DUNICI,I-1/ that ordinance be passed, things will go on in the custom-hones and pcat4See exactly as now, until other arrangements can be made by this convention. There is nothing in the ordinance to affect the dignity, honour, and welfare of the state of South Carolina. We must keep the wheels of the government going. The coestitntion of the United States is not entirely abrogated by the ordinance. What is legal tender in the payment of debts? Is it not gold and silver of the United States. In the ease of clearing and entry of vessels, we are very liable to have the saws confiscated. Mr. CARZOLL—The present revenue would Le continued till an act of the legislature authorised otherwise. Mr. Baowle—There is no longer communication with the government from which we are just separated. Kr. Dumerw—The spirit of the ordinance must be tem porarily sustained till we treat with the general govern. ment. Br. GREGG—The President of the United States ham thrown down the gauntlet in his message. He has said that it was his duty to collect the revenue, and that he would do it. On one side the federal government claims the right, and declares its intention to execute the power of collecting revenue In oar ports ; on the other side we have declared that we are free. I desire no compromise. Is it necessary to maintain the 15 to 30 per cent. duties imposed by Congress of the United States Should these duties continue to be levied, our people will suffer a terrible calamity. For carrying Cu mails, let the present contracts be assumed by South Carolina instead of the United States. 3(r. Rnurr—This great revolution must go on with as little danger as possible to the country. By making the fedesal agents ours the machinery will move on. The federal laws of taxation most not exist over us. I trust that the present system of taxation has fallen for ever. Mr. Barsweiz—We have seceded from the United Simko and establiahed our independence. We can't allow the United States to exercise authority over us any more. Let postal convenience be sacrificed, if necessary. There never was anything purchased worth having unless it cost asetialee. MARZIVIC said—ln regard to the mail, all restrictions must he 'mowed. Let no appoint ear own oaken. Let the collector of the port battle with the difficulties as they come. At 3.40p.m. the convention took a recese to meet at ia• mitute•hall, at half-past 6 o'clock, for the purpose of sign ing the ordinance. The following are the latest despatches received : WILIIINGTOR, Dee. 21, 1860. Ose hundred guns were today fired in honour of the ee• cession of South Caroline. RICHMOND, Dec. 21, DitiO. The *creation of South Carolina mama to give great mini faction here. A movement is on foot to hoist the pelmetto Sag, with fifteen stars, from the custom-house. I am isfortned upon high authority that a paper contain lag a request to Mr. Botte to leave the state is being circu• toted for signature.. It baa already received the signatetres of many influential citizens. NORIFOLI, Va., Dee. 20, MOO. . _ A large meeting of citizens was held at Ashland Hall last night. Resolutions were adopted recommending the holding of national and state conventions, opposing coercion, favouring the arming of the stata, and declaring against the opening of the African slave trade. lioarom Dec. Ti, 1460. . . . _ no minute men met on the Stone-bridge M 1 o'clock to-day, and fired a solute of fifteen :luta in humour of 2kN► (...totana. Thy panaetto Sag ono hoisted by B. F. Thomas. John Tyler, son of ez•Prtsident Tyler, after the tiring had ceased, mounted the gun and delivered a strong seta• 'ion speech. Many a/ the fair ladies of the city eciegrepted near by to witnera the salute, and joined in by waving ban,iker• chiefs. Norfolk is pledged to stand by South Carolina and the South. We have just telegraphed t , the President of the Charles town Convention as follows : "The minute men of Norfolk semi greeting to South Carolina. With the glonous palmetto flag thrown to the breeze and floating over our beads, we have jnst fired fifteen guns in honour of the first step taken by that gallant state, and emblematic, we hope, of coming events. All honour and glory to the game cock of the South. "Cu.v 11.1.11R13, Chief of Minute Men of Norfolk." PORTSMOUTH, Dec. 21, 14sOn. Fifteen guns were fired to-day. The palmetto ilag was displayed at Norfolk. MAcoN, Dec. 21, 1860. We are jubilant over the secession of South Carolina. There is a grand procession of minute men, and bonfires, bells ringing. cannon firing, and Main-street illuminated. Speeches have been made by J. It. Benham, R. A. Smith, C. Anderson, P. Tracy, and others, MONTGOXIST, Ala., Dec. 20, IMO. Governor Moore has ordered 100 guns to be tired at noon tomorrow in honour of the seceeeion of South Carolina. PENSACOLA, Fla., Dec. 20, 1860. The secession of South Carolina is greeted with immense enthusiasm here. One hundred gam are being fired in honour of the event. Mom.; Dee. 20, IWO. The seces...ion of South Carolina was celebrated here this afternoon by the firing of a hundred guns, the cheers of the people, and a military parade. There I. great rejoicing. The belle are now ringing merrily, and the people are out in the streets by hundreds, testifying their joy at the triumph of secession. Many impromptu speeches are being made, and the greatest excitement everywhere exists. Moults, Dec. 21, 1860. There is an immense secession meeting here to-night. The wildest enthusiasm is displayed. The oldest men are taking • prominent part in the proceedings. Many places are illuminated in honour of South Caudill' to-night. Niw OnzAsa, Dee. 21. A general demonstration of joy on the secession of South Carolina occurred here to-day. One hundred guns were fired and the pelican sa g unfurled. Impromptu secession speeches were made by leading citizens, and the Mar nubile Hymn and polkas were the only airs played. A bust of Calhoun was exhibited, decorated with a cockade. An actor announced the secession of South Carolina last night from the stage of the Varieties. It was received with enthusiasm. At Washington, on the 24th Dec., a letter was read in the House of Representatives, signed by the South Carolina members, announcing the secession of their State from the Union, and their consequent withdrawal from Congress. The Speaker did not recognise this act of secession. The leading seeeesionista were endeavouring to precipitate all Scott's State into secession. The senate and house committee had not yet reported on the subject. Fort Moultrie has been abandoned bythe troops, who, expecting an attack, have entrenched them selves in Fort Lampher, in Charleston Harbour. Great excitement prevails at Charleston. A deputation has arrived from South Carolina at Washington to treat with the general government. The Springfield Journal,Mr. Lincoln's organ,of the 20th ult., has a leader on secession, which, from the particular relations of the paper to the President Elect, has great significance. It says that South Carolina cannot dissolve the union by the simple passage of resolutions or other passive de monstrations. Her federal officers may resign, and she may close her courts and post-offices, but she cannot get out of this union until she conquers this government. While this government endures there can be no disunion. If South Caro lina does not obstruct the collection of revenues at her ports, nor violate any other federal law, there will be no trouble, and she will not be out of the union. If she violates the law, then comes the tug of war. The President of the United States, in such au emergency, has a plain duty to perform. Mr. Buchanan may shirk it, or the emergency may not exist during his administration. If not, then the union will last through his term of office. If the overt act on the part of South Carolina takes place on or after the Ist of March, 1861, then the duty of executing the laws will devolve upon Mr. Lincoln. The laws of the United States must he executed. The President has no discretionary power on the subject. His duty is emphatically pronounced in the constitution. Mr. Lincoln wilt perform that duty. Disunion by armed force is treason, and treason must and will be put down at all hazards. LONDONDERRY, SUIDLY. The Canadian acre% steamer North Briton, Cap tain Borland, from Portland, Maine, on the 22nd December, has arrived here and landed all mails. The Persia and the Atlantic had arrived out. The Fulton had arrived off Cape Race. The barque Johanna Benjamin, from Newcastle, had gone ashore on Long Island, and five lives were lost. It was stated that two condemned war steamers sold at Havannah had been bought by South Caro lina. The news of the secession had been received with rejoicing in several Southern cities. The Pacific Railway Bill had passed Congress. Advice' from Honduras are to the 15th Decem ber. The government bad pardoned Dubler. Money was depressed. Exchange on London was quoted 3 per cent. premium. QUEENSTOWN, SUIMAT. The Royal Mail steam-ship Europa, Captain Moodie, from Boston on the 26th Dec. and Halifax on the night of the 27th, arrived here at 2.40 p.m. to-day. She brings 38 passengers. The Europa landed all mails except those for Liverpool, and proceeded at 3.5 p.m. All well. Great excitement prevailed consequent on the discovery of a defalcation of nearly one million of dollars in the Treasury departments. One of the Treasury clerks has been committed for trial. Congress bad appointed an investigation into the robber•. Several arrests had been made. LATEST BY TELEGRAPH VIA HALIFAX. NEW YORK, Dee. 27. The steamers City of Manchester, Jura, Anglo- Saxon, and Canada, have arrived out . LIVERPOOL. &MOAT. The Cunard screw-steamer Kedar, Captain Cook, from New York, on the 21st beoember, has arrived here. SOUTHAMPTON, Suirosy. The North German Lloyds' steamer New York, Captain Von Saute° with dates from New York to the 22nd ult., hae arrived. She brings 50 pas sengers in all, and 2,100 dole. in specie for Bremen. Her news is anticipated. QUESNSTOWN, SUNDAT Evestwo. The Liverpool, New York, and Philadelphia Company's steamer Vigo, Captain M'Guigan, from New York on the 22nd ult., has arrived. She brings 90 passengers, 33 of whom she landed. She experienced during her passage strong easterly gales. News anticipated. COMMERCIAL INTELLIGENCE. NEW YORK, Dec. 27. Money very irretular. Stocks are quoted :—Erie, 35; New York Central, 15 ; Illinois Oeattal, AN. The cotton market is firm. roar has advanced. Wheat is tending upwards. Corn rising.• Previsions steady. LIVIMPOQL. SATU&OAT. The Royal Mail steamship Asia, Captain Lott, which sailed to-day for New York, took 330,0001. in specie. QUEENSTOWN, SUNDAY. The Royal Mail steamer Asia arrived here at 2.30 p.m. to-day, einbazked the mails, and pro ceeded for New York at 4 p.m. All well. SOUTHAMPTON, MONDAY'. The Hamburg American Company's steamer Teutonia sailed this morning at 10 o'clock for New York with upwards of 300 passengers, and from England 70,000!. in specie. WEST INDIA MAILS. SOUTHAMPTON, MONDAY. The West India Mail Company's steamer Trent is just preparing to leave the docks to meet the Shannon, which vessel was spoken yesterday at 5 o'clock about thirty miles off Scilly by the New York. Vs Court. OSBORNE, Jas. n. The Queen, Prince Con.iort, and royal family walked out yesterday. Prini.e Leopold of Hohenzollern left Oe'iorne yesterday for the continent, sharodeal 'oy the Baron de Mayen's& aad Count de Bantam. Jas. 6. Earl Granville arrived on a visit to her Majesty yeeteetla --- y. The Queen's dinner party included the Prince of Wales, Princess .Dice, Earl Grasville, the Hon. Bir C. B. Phipps, Major Elphinatone, R. E., Dr. Baly, and the Indies and Gentlemen in Waiting. The Rev. G. Protherve performed the service this morn * before her Majesty, the Prince Consort, the Prince of Wales, Princess Alice, Princess Helena, and Prince Arthur, the Ladies sad Gentlemen, and the Household. Despatches were received at the Ooloaial OMs on &tar. day from the Governor of Malta. Despatches were sent to the Governor of the Cape of Good Hope. Tee PtiiNi•ii or WsLia.—The name of his Royal Highness the Prince of Wales has been entered en the boards of Trinity College, Cambridge, and he will come into residence instate pepiiiiiri oe the 18th iostaat. The Prince, in addition to Madiegley Hall, which has beam pre pared for him, and which wan inspected in the course of last week by the Prince Consort, will occupy the royal apart. meats &this college. The Prime is expectedto arrive on the 16th at Hadinejey Hall, which is sow occupied by his servants, Lady King haviag given a p paaaaaaion. A quantity of furniture arrived from Oilord on Thursday. _ _ The Duke of Cleveland is entertaining a family circle at Baby Castle, including Xr. asd Lady kigesta Milbank, Colonel and Lady Laura Meyrkk, Lady Janet and Him Waldroed, Mr. Henry and Hon. Nra. Forester, Hon. Mr. and Hrs. Vase, Mr. and Kra De !mills, Mr. Henry Milbank, Mr. Sumas Dhlbank, Sir John Hippealey, Hart., Mr. Ferrer, M.P., Colonel Augustus Hayrick (Scots Fusilier dearde). The Marquis and blarchionoss de Beaufort* have arrival et the Brack Hotel, Jeraya-street, from the OoatiseaL The Right Hon. Sidney Herbert, M.P. (says the Oeserver), is about to be summoned to the Unsex House by the am% style, and title of Lord Herbert of Lea, in the moat, of Wilts, in the peerage of the United Kingdom. The son of Mr. Fox, M. P., writes to • contem porary to the effect that although his father has repeatedly expressed his determination of giving up his seat, should his health not Admit of his attending parliament more con• stantly than he was able to do last session, yet he has no intention whatever of resigning without malting the ex. perimest in the ensuing sermon. The fifth lecture of Professor Flu-why's course, os the c►emical histury of a candle, was delivered at the Royal Institution on Saturday. ACCIDENT To Loa') REULAN.—we regret to State that Lord Regina met with • serious accident os Thursday last, by which he broke an arm. Hie lordship was sleighing on the road between Medreatiold Court, the seat of Earl Beauchamp (where he was visiting) sad Worcester, and as arriving at a hill where the ice sod snow were think, he alighted, with her ladvallip sad paw, and prreeeled to walk doom the hill. His lordship was leading the horse. whets he slipped and fell with such violence on him aide that ha bo o tie hi. arm. He was cooreyel, as speedily as Feasible, back to Madrealeld Cowl, where the lamb was set, sod he is ease ea favourably. ITALY. (111011 OUR SPICLILL CORREIPONDIMIT.) (BT :511MA.RINE meows.) NAPLES, SUJDAY. The electoral movements are favourable to the Government. Some ridiculous reactionary attempts have been put down by Farini, and their promoters dis armed. Prince Carignan will arrive here at the end of next week. Naples is tranquil. Lacaita will have an interview with Parini to morrow. 'SAPLES, Jar. 4, 6 P.M. A conspiracy, formed by the Bourbon party, but without any importance, bas been discovered here. Four royalist generals have been arrested, with some agents of King Francis 11., who had come from Gaeta. Prince Carignim is expected here on the 15th inst. NAPLES, JAN. 1 (NIA MAIMELLICS). Last Saturday three different disturbances (one of which was got up by the Lazzaroni) took place in favour of the royalist cause, in the quarter of the city called Santa Lucia. The quarter was sur rounded by Sardinian troops and the disorders sup pressed without effusion of blood. - Five mails from Calabria are overdue. The reason of this delay is not known. The telegraphic communication is also inter upted. The wounds received by the Duke of San Donalo the late attempt made to ammoniate him will not prove mortal. THE SIEGE OF GAETA. GAETA, JAN. 1 (ti MAaassiums). Thirty guns only have been need in the bom bardment to-day. A mortar battery has been esta blished in the valley in a sheltered position. NAPLES, Jas. 5. Several Neapolitan officers have been arrested. The bombardment of Gaeta continues. PARIS, J. 6, Nooa. Negotiations concerning Gaeta have been opened between France and Sardinia. ROME. B4)][s JAN. 2 (VIA MAILKIELLBS). The official Giornale di Roma does not publish the speech addressed by General Goyon to the Pope at the New-year's reception. The same journal says : " His Holiness received with kindness the expression of the general's noble sentiments." HUNGARY. PITH, JAN. 6. Yesterday disturbances took place at Kerskemet, which necessitated the intervention of the garrison. The soldiers were compelled to make use of their firearms, and five persons were severely wounded in consequence. ARRIVAL OF THE MELAZZO WITH ENGLISH GARIBALDIANS. PLYMOUTH, UruaDAT. This morning the Melazzo screw steamer, Cap tain Patty, arrived at Falmouth, having on board 231 English Garibaldians. She has been twenty one days from Naples. She put into Gibraltar for provisions, and remained there three days. Seventy volunteers were left behind at that port. Most of the volunteers landed at Falmouth, 42 of whom came to this place by the evening train. The Nelms° is bound for London. The men complain of the quality of provisions supplied them on board. LETTER OF GARIBALDI. The Alnico della Liberia, a Remo journal, pub lishes the following letter addrel by Garibaldi, in November last, to some Neapolitans who urged him at once to return to Naples. It entirely con firms the general rumour that the ex-dictator intends to resume his sword in the month of March : Italians of Naples,—That it was painful to me to leave you, God knows. My mission to you, however, was ful. filled, and I could not bat take my leave. I did so with an aching heart. You now, by your complaints, add to my grid. You oak me to return among you. I cannot, oh my friends, because I have resolved with myself never to let my presence be an obstacle to your happiness and prosperity, which you will find accomplished under the sceptre of the King tralont'uomo. Believe me, then, when I say that if my mission is to deliver the Italian people from slavery and tyranny, I have done it, oh Neapolitans, through your strength and your courage. Yes, you are free, and my presence among you would be of no advantage; it would, on the contrary, retard your program. Yon have been more fortunate than some of your brethren, for there are still Italians in slavery. Why should you be uneasy? Why do you needlessly call for me? Allow me for a few months that rest of body and mind which I require, as a preparation for the new labours, the new fatigue', and the sew sufferings which await me. But all this is nothing — it is Italy that is in question, and to Italy my life is con es:sated. Rome and Venice expect my aid. They belong to Italy, their citizens are our brethren, and they yet groan under the bard yoke of Austria and of —.• Let me recruit myself for the great storm which threatens. Do you hear the lion roar ? His roaring is that of rage, because he knows that his pride is about to have a fall. He leers that arm which God has made powerful enough to bring him down. Do you see the de scendants of the ancient Romans? The blood of their ancestors yet flows in their veins, but they are prostrate on the earth—their faces are in the mud, and they are borne down by overwhelming oppression. They require a hand to raise them up, and that hand stands in need of rest to recover strength for the task. Let reason and fraternal phi lanthropy second your love for me. I will be with you in four months. You shall see me again, but then I shall require a proof of your love. If you really love me, which I do not doubt, follow me, my dear fellow-citisens—follow me, when we shall unite to deliver our brethren of Rome and beautiful Venice. Then, contented and united, we will constitute an Italy one and independent under the sceptre of the King gall:newts° Victor EmmanueL Adieu! At the end of March we will embrace each other. Capra", Nov. 11, 1880. G. GARIBALDI. • The French paper from which we quote this letter thinks it prudent to leave a blsnk here. Garibaldi mi. dently means to refer to France. ROIIOIIIEO DISTRUCTION OF ENCILIs II AND FRENCD GUNBOATS IN TIN CHINA Waraaa.—The follow. ing statement has bean received at Lloyd's, but great doubts are expressed u to its correctness :—Antwerp, Jan. 3. Advice. from Paris of yesterday's date state that secret in. formation had been received by the government, to the effect that the allied fleets had experienced a terrible burn. cane at the mouth of the Peiho, and 11 English and seven French gunboats had been destroyed. Crews sued. —Ship. ring Gazette. The Abb4 Jean Mario de Lamennais, elder bro ther of the author of the "Paroles d'un Croyant," has joie died at Pleermel IF:oaten.), aged 81. EXPRESS FROM PARIS. (moe ova OWN coassairoseser.) PARK SUIDAY EcrsM,. A pamphlet, entitled " Rome et les Ev6 qual , Francais," which I have reason to think important, will be published to-morrow by Dentu. The writer, lam told, is M. de la Guerronniere. The origin a l idea, however, is not his but that of a priest, the Abbef Guetttee, who some time since w e to a history of the church, which the Pop e put in the " Index," on account of its anti-ultramontane tendencies. Without attaching to this pamphlet quite so much importance as to that of " Le Pape et le Congria," I believe it to be worth attention, as approximating very closely to if not absolutely representing the official view, of the Tuileries at the present time. I have had an opportunity of running through, but veryrapidly, the proof-sheets of this pamphlet, and Ido not hesitate to say that if it be really sanctioned by the Emperor it is even more important than the "puff, preliminary" would have led us to expect. I have seen it stated that this pamphlet would be very " moderate#nd conciliatory," but I find it to be a most uncompromising protest against the usurping tendencies of Rome, and an explicit declaration that temporal power is in no wise necessary to the spiritual functions of the head of the Roman catholic religion. The pamphlet is exceedingly well written, and I have nowhere seen the line between temporal and ecclesiastical government more clearly laid down. The motto on the first page is, "Nous n'avons qu'une pensie, oficlaircir et !usurer les consciences cat boliques." Recalling the favourite French idea that the patronage of the church exercised by Charlemagne ought to be aspired to by every French sovereign, it repeats from Charlemagne's will, in which he recommends the care of the church to all his successors, this mast significant qualifica tion :—Quantent ad ipaos pertinet et ratio postidarerit , " as long as it keeps within its own rights, and th e bounds of reason." This wise restriction of Charle magne's devotion to the church is the leading idea of the pamphlet, and it is quite certain that the Pope will denounce it as an emanation from a " Son of Darkness." The pamphlet proceeds to stig matise the recent charges of several French bishops in answer to the " Pope and the Congress," from which by the way it quotes largely, as betraying forgetfulness of the laws, the morality, and even the phraseology of the 'Gospel. It extracts from the charges of the Bishops of Orleans, Perpignan, and Niames, admissions showing that the elder Popes had no notion of exercising temporal power, and did their utmost to keep up the authority of the Emperors of Constantinople at Rome, and it makes the severe and striking obser vation that, from the time of Gregory VII., the Popes, to whom it was formerly necessary to do violence to make them assume temporal power, did violence to get it. The pam phlet asserts that, although the official opinion of the French clergy is in favour of the temporal power, that is only in consequence of the violence done to them, "it being more odious in the eyes of Rome to be a Gallican than to be a heretic," and that the "secret and real" opi nion of the vast majority of the 40,000 priests in France is in favour of the doctrines advocated by the pamphlet. There is no practical conclusion in the pamphlet as to the Emperor's Italian policy. A letter from Toulon, in the Gazette du Midi, says that orders have been given to put upon the stocks three new iron-cased ships, on the model of the Gloire, to be called La Provence, La Savoie, and La Revanch6. The Opinion Nationale alluding to the auto- graph letter which I mentioned yesterday had been sent by Francis 11. to the Emperor, says that this letter was brought by Lieutenant Hamelin (the son of the admiral of that name), together with important despatches from Admiral le Barbier de Tinan, relative to his " mission " to the King of Naples. Among the despatches is a letter from M. Casella, stating that his master does not think it right to evacuate Gaeta because he is quite strong enough to defend it. If this be so, the Opinion Nationak asks, what need can the young and obstinate monarch have for foreign assist anoe 1 and it most ardently hopes that the opinion may be right, according to which the stay of the French fleet will not be prolonged beyond the end of this month. PARIS, ELTCRDAT EVINVG. The improvement realised at yesterday's Bourse was more than maintained at the opening to-day, and for a little while there was a good deal of busi ness doing, but the unexpected fall of in Consols produced a smart reaction, and during the latter part of the day there was much hesitation, and transactions became fewer and fewer up to the close. The Rente, for account, after having risen to 67.75 and fallen to 67.60, closed at 67.60, with a rise from yesterday of sc. ; for cash there was a rise of 10c., the last price being 67.50. Mobilier closed at nearly the highest quotation of the day, with a rise of 6.26. The Orleans Railway rose 7.50 ; Southern, 3.75 ; and the other lines about 2.50. The Caisso Mires experienced violent fluctuations, leaving oft at 266, a fte r having been done at 297.50. There was much talk of the " execution " of a Munich banker, whose losses hare been heavy. Among the reasons given for the firmness of the funds in the morning was the existence of a report, accre dited by capitalists generally well informed, that the government has resolved to adopt measures, long called for, with a view of facilitating transac tions. It is considered certain that a bill will be presented to the Corps Legialatif for the repeal, or at least the modification, of the obnoxious tax upon moveable securities (raleurs enobiliirea). The Charente inferieure announces that an agent de change of Saint Jean d'Angoily has just failed, with liabilities amounting to 900,0001., and assets which will not produce 20 per cent . The failure is ascribed to unsuccessful speculations. Among the sufferers are two inhabitants of the neighbourhood, each for 100,0001., and numerous workmen and peanuts. The journal adds that a judicial investi gation into the matter has been commenced. I find in the Courrier du Dimanche another piece of news, which I am sorry to say confirms what I hear from private sources, namely, that the Murat party in Naples, which but a little while ago Wal altogether discouraged, is now, under certain influ ences, raising its bead and openly avowing its pre tensions through hundreds of agents. The Prase gives as the result of the comments at Turin upon the Emperor's New Year's Speech, that however much peace may be desired war is inevit able. I mentioned lately a rumour that Marshal Niel was going on a " military mission" to Italy. Bul lier's correspondence now states that he is already there studying the defensive and offensive capabi lities of the country, just as he did before the war in 1859. There is much talk in Paris of two autograph letters, one from Francis 11. to the Emperor, tel ling him that he has made up his mind to die sword in band rather than quit theta • and another from Napoleon 111. to Victor Emmlnuel, urging upon him the necessity of giving up his idea of au united Italy, and coming into the Imperial idea of a Confederation as the only scheme likely to meet with the assent of Europe, and to be permanently successful. It is hinted by government Journali44 that a reported speech of 'Victor Emmanuel, in sisting upon the necessity of Italy keeping up the beet understanding with her " true allies," n i , : al.4 that be is obliged to submit to the dictation of the Tuileries. If so, he is a lost man ; hut Ido not believe that he will disappoint the confidence of the Italians. al