The Press. — London, England, 1857-02-21 00:00:00

, 1 1 I 5 i FEBRUARY 21, 1857. if the present system of our internal administration be continued; and it goes on to recommend changes eaten. fated to lead us to a new course of internal administration, which, in its opinion, wo►►ld contribute to put an end to any disaffection capable of distutbing the tranquillity of the kingdom and the peace of Europe. It is very evident that the British Government widely departs from the application of the principle put forth by it, of not interfering in the internal affairs of another. The idea of wishing to justify the most open interference in the administration of these dominions by the allegation of alarm at symptoms of discontent and elements of dis. order produced by the system of government, and which, moreover, are very tar from existing, and at the asserted threatening aspect of Sicily, where it is wished to make eve►y little incident be thought capable of lousing into activity the ilbrepressed feelings of the people, goes he. yond the limits of friendly advice, as you will observe ; and it is equivalent to calling upon an independent Go. vernrnent to measure the extent and direction of the spirit of its own people, in order to induce the belief in an alarm which does not exist, but which a foreign Government can never believe itself authorised to allay. The English Government must be convinced that the Government of the Two Sicilies, scrupulous in respecting the independence of others, does not admit in any other a right of interference in the internal administration of the Royal States, and still less that of censuring the acts and the system of justice. Another note, more modified in tone, was de spatched on August 20th. On the 10th of October Lord Clarendon writes to the Admiralty, requesting a squadron to he held in readiness at Malta for the protection of British interests at Naples, but the commander thereof, without. special instructions, was " not" to appear with the liners off the coast of Naples. The same day a despatch is forwarded to Mr. Metre, at Naples. Alluding to his previous despatch of the 10th of May, Lord Clarendon writes:— The reply of the Neapolitan Government was neither courteous nor satisfactory. and proved that the motives and intentions of her Majesty's Government had been coin pletely misunderstood; but, as the painful impression which it created was not unknown to the Neapolitan Go vernment, we had hoped that our abstinence from again pressing our advice upon the Neapolitan Government might have induced that Government, spontrneously, to adopt measures in accordance with the principles upon which the communication of her Majesty's Government had been founded. Her Majesty's Government would have greatly preferred that such a course of proceed•ng should have been pursued, for they have no wish needless!) to interfere in the affairs of Naples, and a sense of dui) alone impelled them to suggest certain changes and ini• provements in the interns' policy of that Gurernment They accordingly waited in silence for several weeks, in the hope that mere prudent counsels might have prevailed at Naples; but their expectations have been disappointed. A tardy apology for the first reply of the Neapolitan Go vernment has, indeed, been received, not apparently env, geated by a sense of propriety on the part of the Neapoli• tan Government, but called forth by reports received Irom Vienna and Parts. This apology, however, is just as 1111• satisfactory as to the main objects in view as was the despatch of M. Carafe to Prince Carini of the 30th of June, and her Majesty's Government, therefore, in con• junction with the Government of the Emperor of the French, are of opinion that diplomatic relations can no longer be maintained with a Government which rejects all friendly warning, and is determined to persevere in a course which is condemned by all civilised nations. You will, therefore, upon the receipt of this despatch, prepare to quit Naples with the members of the legation, leaving the archives in the care of her Majesty's Consul. No further despatches of any moment after this date are given. altrtion itteiligente. HEREFORD.—Mr. Clive has been returned by majority of 169, the numbers being,—Clive, 390; Davis, 230. CARDIFF.---It is now fully understood that at the next disFolution the present member for Cardiff and its boroughs, ➢lr. Walter Coffin, will not again come forward, and that the eldest son of Lord James Stuart (Colonel Crichton F. Stuart) will offer him self on Liberal principles. COLCHESTER.—The nomination of a candidate for the representation of this borough, vacant by the resignation of Lord John Manners, is appointed to take place on Monday next. WEST KENT.—The official declaration of the poll takes place this day. LIMERICK.—Mr. Monsell bas been reelected with out opposition. CLoNmEr..—Mr. Bagwell has been returned fir this borough. TIPPERARY.—The writ for Tipperary has been received in Dublin, and the election may be expected within the next fortnight. Maj. r Massy is believed to possess the most favourable 1 ro,pects, DERRY.—Mr. Harvey Bruce has retired from the co ite,t for the county of Derr3,leavi.ig Mr. Johnston Clirke, the Tory, and Mr. Orter i the tenant-rightkr, s the only candidates. THE PRESS. Ohituarl. FRANCIS EGERTON, EARL Of ELLESMERE AND VISCOUNT BRACELET, died on Wednesday morning at Bridgewater-house. The late noble earl was second son of George Granville, first Duke of Sutherland, and Elizabeth Countess of Sutherland. He was born the Ist of January, 1800, and was consequently fifty seven the first of last month. As Lord Francis Leveson Gower he was educated at Eton, and in 1821 graduated as B.A. at Christchurch, Oxford. On the 18th June, 1822, his lordship married Harriet Catherine, daughter of the late Mr. Chas. and Lady Charlotte Crreville, by whom he leaves issue four sons and two daughters. In 1828 Lord Francis Leveson Gower was sworn a member of his Majesty's Privy Council, and not long afterwards accompanied the late Marquis of Anglesey to Ireland as Chief Secretary. A Conservative in politics, Lord Francis Egerton from July to November, 1830, held the office of Secretary-at-War under the latter part of the Ministry of the Duke of Wellington. From 1826 to the dissolution in 1831 he sat for the county of Sutherland. In the December of the latter year he was chosen for the Southern Division of Lancashire, which he continued to represent down to his eleva tion to the peerage, in 1810. The death of this estimable nobleman will be deeply regretted by a large circle beyond that of his immediate fatnily. His lordship was a munificent patron of the arts, and a liberal friend t ) men of science and literature. Indeed, Lord Ellesmere as possessed of all those excellent qualities which ennoble the human charac Ler and dignify exalted station. The deceased earl was a Knight of the Order of the Garter, Lieutenant. Colonel of the Lancashire Yeomanry, a Deputy Lieutenant for the County of Sutherland, a Vice. President of the Literary Fund, one of the Council of King's College, London, and a Trustee of the National Gallery. He was also appointed Lord Lieutenant and Custos Rotubrum of the County Palatine of Lancaster on the death of the late Earl of Sefton, in 1855. THE REY. WILLIAM ROWE LYALL, D.D., Dean of Canterbury, who for some months past has been suffering from an aggravated attack of paralysis which almost deprived him of sensation, died on Tuesday morning. Mr. Lyall was appointed to the deanery of Canterbury in the latter pact of the year 1845. and during the ten years he has held the post his unvarying kindness and Christian charity have gained for him the respect and love of the inhabi tants of the tuetropolitical city, in the prosperity of which he ever evinced a warm interest. Previous to this appointment Dean Lyall held several livings in different parts of the country, but more especially in Suffolk ; he was the first archdeacon of Maidstone, and during a brief period filled a canon's stall in Canterbury. He was also private chaplain to the late Archbishop of Canterbury when Bishop of London. MR. C. K. SAI.A died suddenly on Tuesday night, in the New-road, Brighton, where he has been re siding with his mother, Madame Sala, well known in musical circles. The cause of Mr. Sala's death was apoplexy. Along Oarlat anb ditg ]itteltignut. FRIDAY EYRNINCI. THE return of the Bank of England for the week ending the 14th inst., shows the following ci.angea compared with that for the week preceding:— Decrease in Circulation Increase in Public Deposits Increase in Other Deposits Increase in Government Securities 20,552 Increase in Other Securities 316,111 Increase in Bullion Increase in Rest Increase in Reserve Bullion in Both Departments 10,259,000 Circulation, including Bank Post Bills This comparison is of a very favourable character in all essential respects. With regard to the Bullion, which now amounts to more than 10,250,000/., against 9,979,0001. last week, it shows the effect of the purchases out of the late Australian arrivals ; and it may be expected to show still further additions in future returns, notwithstanding some withdrawals, owing to the continental exchanges having so turned as to render it unprofitable to send gold thither as an ordinary commercial operation, while we are in almost daily expectation of additional imports from Australia. Along with the addition to the Bullion, the Reserve of notes has also increased to a considerable extent, while the moderate addition to the Private Securities indicates a reduced demand for money. The Public Deposits con• tinue to grow in magnitude ; they now amount tc more than 7,000,0001. On the whole, the present return affords hope that money may soon become cheaper; indeed, a practical symptom of this character may be found in the fact that the Bank has commenced making advances on public securities in anticipation of the April dividends at six per cent., the rate having previously been six and a hall per cent. A considel able change has taken place in the Money Market for the better, though it has not yet assumed the substantial form of s reduction in the rates. The ex• , 187 changes having taken a favourable turn, and gold being likely to come back from the Continent, has been one cause of the improvement; another is the prospect of our stocks of bullion being increased very soon by considerable arrivals from Australia; and a third the desire of all par ties in the house of Commons, except the Government, to keep our naval and military establishments upon a peace expenditure, so as to afford more real relief than was promised by the Chancellor of the Exchequer's Budget. No great confidence, however, is felt in the pro essions of the Government to observe economy in the public expen - diture, as it is well known that the army and navy esti mates were cut down suddenly, not from any motive of that character, but capriciously, so as to suit the exigencies of the mowent, as soon as it was found that the temper of the country was opposed to a high expenditure. In other words they were cut down to avoid defeat and to retain c thee. No trust therefore is placed in this sort of saving, and whatever influence the prospect of public economy has had upon the Money Market hitherto has been caused by the unanimous resolution of the independent members of the Legislature to insist upon an active supervision both of income and expenditure, so as to judge for themselves. The other circumstances, the improvement in the ex• changes and the expected arrivals of gold, have, of course, had more active influence upon the market. To these another cause may be added, and that is the operation of the general opinion that the worst of the late depres sion has been passed, and that a gradual improvement will follow. This opinion has moderated the demand, by diminishing the anxiety that had previously prevailed for obtaining larger discounts than were immediately needed in order to be prepared against sudden changes ; while the payment of the railway dividends, and the commercial returns from the Continent, have at the same time in- creased the supplies. On the whole, therefore, we have a decided improvement to report. As to terms, they are, as we anticipated, rather below the Bank minimum in some cases, but six per cent. is the average rate. The Stock Exchange has also had ample supplies, and money has been easy there. . _ Great commotion has been caused in the tea and sugar trades during the week, by the attempt of the Chancellor of the Exchequer to break faith with them by increasing the duties on those articles contrary to the settlement in the act of 1855. The tea trade has shown great energy and resolution in exposing this violation of a parliamentary compact ; and though the sugar trade have been less active, they have felt equally as strong. The demonstrations which both have made have produced a certain impression udon the Government, and they will probably give way to a certain extent, but up to the moment at which this was written they had made no public intimation of any desire to withdraw their objec tionable proposal. With respect to tea, the act of It-b 5 provides that the duty on the Ist of April next is to fall from Is. 9d. to Is. 2.1., and in the following year to per lb.; but the Government propose that it should be Is. 7d. in 1857.8; Is. sd. in IM. 9; Is. 3d. in 1859410; and Is. afterwards. The reduction, therefore, would be only 2d. per lb. during the next three years, and the Is. duty be delayed till 1861. This proposal involved an obvious violation of the existing law, and it was the same substantially with sugar. As the stocks of tea are very large, owing to heavy contracts having been entered into on the faith of the existing law being maintained, much excitement and agitation prevailed in the trade all over the country, and strong representations upon the subject have been made to the Chancellor of the Exchequer. The trade, however, have proposed a compromise. They offer to assent to a fixed duty of Is. 4d. per lb. during the next three years, and then to fall to Is. It is probable that this offer will be accepted. As to sugar, some concessions may also be made. But one thing is certain. The Go. vernment will do nothing in the way of concession to the interests of commerce until they are compelled, and it is only fear that makes them squeezable—the characteriatio of IVhig statesmen. Gold - has been withdrawn from the Bank to the amount of between 70,0)01. and NO,OOOl. These withdrawals have occasioned some perplexity, as.owing to the stock of silver now in London, which was increased by a further arrival from South America yesterday, it has been assumed that they could not be inter led as payments for silver upon the Continent. This we believe is correct; and we be. lieve it will be found that the greater part of the amount was withdrawn for exchange operations. But, as the exchanges are now turning, we may anticipate that these withdrawals will cease, particularly if supplies from Aus tralia come in as expected. Besides this export, 670,340/, in silver and 6,773/. were sent to the East ladies yesterday, On the other hand, about 177,0001, of which about 90,0001. was in gold, has arrived by the West India packet from South America. Not much change has taken place in the value of English Securities since our last. Conan last Friday lea, off at 91i to ; the highest price attained during t 1 week was 941, and, on the other hand, they have been s low as 93g. It was expected in some quarters that the Budget, which at first sight seemed to be very premising, would have strengthened the market and caused an ad vance; but the contrary effect was produced, and the market has been dull and heavy all the week The busin ness of the week has shown a preponderance of sales, some of which were speculative operations induced by unfavourable rumours as to the Persian business, and others by the weakness of the Government in the face cf the opposition to them financial policy and to their pro ceedings before Canton. The closing price yesterday was 931 to 91. To-day they opened at 94 exactly, and after being that all day, finally left off at 93i to j. - - Exchequer Bills, in consequence of the improvement in the Money Market, have advanced. They are now quoted at la. to 4s. prem. Railway Shares have been firm, though without lug gen. siderable animation, and quotations in some of the tem" stocks aro from ono to ono and a halt per cent. Wier gam 'I