The Sun. — London, England, 1858-01-20 00:00:00

- HER MAJESTY'S THEATRE. — Her MAJESTY the QUEEN has graci ously signified her intention of HONOURING with her PRESENCE a SERIES of FOUR FESTIVAL PERFORM. ANCES, intended to be presented at the period of the ap proaching Nuptials of her Royal Highness the PRINCESS ROYAL with his Royal Highness the Prince FREDERICK WILLIAM of PRUSSIA. The general arrangements are under the direction of Mr. Mitchell, in co-operation with Mr. Lumley, and favoured by the assistance of the following Managers of the Metropolitan Theatres Mr. Smith Theatre Royal, Drury-lane. Mr. lisekstone Haymarket Theatre. Mr. Webster ..... ....... Adelphi Theatre. Mr. Harrison and Miss Pyne Lyceum Theatre. Mr. Robson and Mr. Emden Olympic Theatre. Mr. Phelps Sadler's Wells Theatre. The programme will comprise the following Entertain ments _ TO-MORROW, THURSDAY, January 21. Alfe's New Opera, THE ROSE OF CASTILLE, 731 Miss Pyne, Mr. Harrison, Mr. Weiss, and the Operatic Company of the Lyceum Theatre ; conductor Mr. A. Mellon. With a COMIC AFTERPIECE. SATURDAY, January 23, AN ITALIAN OPERA, By Madlle„ Piccolomini, Signor Giuglini, and the Principal Artistes of Mr. Lumley's Theatre. And a FESTIVAL CANTATA composed by Mr. Howard Glover. With a BALLET DIVERTISSEMENT. Fourth Performance, AN ENGLISH COMEDY, By Mr. Buckstone's Company of the Haymarket Theatre. And an AFTERPIECE, in which Mr. Wright and Members of the Adelphi Company will perform. Admission to the pit (for which a limited number of tickets will be issued. los. 6d. Gallery stalls (reserved and numbered) 6s. Od. Gallery Applications for boxes orchestra stalls, an d tickets to bo made at the Box-of f ice of the Theatre, and at Mr. Mitchell's Royal Librs.ry, 33, Old Bond-street. THEATRE -ROYAL, DRURY-LANE. Lessee, Mr. E. T. Smith. THIS EVENING, will be performed HIS FIRST CHAMPAGNE, in which Mr. Leigh Murray will perform. After which, the new grand pantomime, LITTLE JACK HORNER. Commence at 7. THEATRE ROYAL, HAYMARKET. Lessee—Mr. J. B. Buckstone. THIS EVENING, to commence at Seven o'clock, with MINGLE LIFE. After which, a new comic Christmas Pantomime, entitled THE SLEEPING BEAUTY IN THE WOOD ; or, Harle quin and the Spiteful Fairy. Harlequin, Mr. A. Leclercq Columbine, Miss Fanny Wright ; Pantaloon, Mr. Mackay ; Town, Mr. Charles Leclercq. Orchestra Stalls (which may be retained the whole of the eveningk6s. each. (No charge for booking.) First 'Mee. s. d. Second price. s. d Dress Boxes 5 0 Dress Boxes 3 6 Upper Boxes 3 0 Upper Boxes 2 0 Pit 2 0 Pit 1 0 Gallery R OYAL PRINCESS'S THEATRE. Proprietor, Mr. Charles Kean. THIS EVENING, will be performed Shakspere's Play of A MIDSUMMER-NIGHT'S DREAM. After which, a new grand comic Christmas Pantomime, entitled HARLEQUIN WHITE CAT ; or, The Princess Blanche Flower and her Fairy Godmothers. The Princess Blanche (White Cat), Miss Kate Terry ; Harlequin, Mr. Cor mack ; Clown, Mr. Huline ; Pantaloon, Mr. Paulo ; and Columbine; Miss C. Adams. T HEATRE ROYAL, A D ELPHI. Lessee—Mr. Ben. Webster. THIS EVENING, will be performed the new drama, THE POOR STROLLERS, in which Madame Celeste, Mr. By Webster, Paul Bedford, and Mr. Wright will perform. After which, a Mythological Extravaganza, entitled HARLEQUIN, OR THE LOVES OF CUPID AND PSYCHE. Jupiter, Mr. Paul Bedford ; Mars, Mr. Frank Hall ; Venus, Mrs. Bath:l;ton ; Cupid, Miss Marie Wilton ; Psyche, Miss Mary Keeley. R OYAL LYCEUM THEATRE. —Sole Lessee and Manager, Mr. C. Dillon.— THIS EVENING, will be performed Leigh Hunt's new Play, LOVERS' AMAZEMENTS. Supported by Messrs. Charles Dillon, J. G. Shore ; Mesdames Charles Dillon and Woolgar. To conclude with the Burlesque and Pantomime, LALLAH ROOKH, and the PRINCESS, the PERI, and the TROU BADOUR ; or, Harlequin and the Ghebers of the Desert. Supported by Mesdames Charles Dillon, Buckingham White, Eliza Webb, Maria Ternan, Esther Jacobs, and Woolgar ; Messrs. Barrett, Calhaem, Holston, Poynter, and J. L. Toole. Clowns, Messrs. T. Matthews and R. Stilt ; Harlequin, Mr. J. Ricketts; Pantaloon, Mr. A. Stilt ; Sprites, Herr Zeleski and Sons ; Columbines, Misses Malcolm and Lees. Gorgeous Feast of Lanterns.—Fenton's Grand Trans formation Scene. Doors open at half-past 6, to commence at 7. Morning Performances on Satnrday next, January 23, and again on Monday, 25, to commence at half-past 2. Sox-office open-from 11 to 5 daily. OYAL SURREY THEATRE. 11., Lessees, Messrs. Shepherd and Creswiek. THIS EVENING, will be performed PERILS BY LAND AND WAVE. After which, QUEEN MAB ; or Harlequin Romeo and Julliet. Clown, by the Surrey Buck ; Pantaloon, Mr. Brad bury. STRAND THEATRE.—Lessee, Mr. T. Payne. —THIS EVENING, will be performed HARLEQUIN NOVELTY AND THE PRINCESS WHO LOST HER HEART. Harlequin, Miss Craven ; Columbine, Madlle. Deulin ; Sprite, Herr Kirt. The Lambert Family and the Red Man of Agar in their wonderful performance, &c. Commence at Seven. Stalls, 3s. ; Boxes, 25.; Pit, ls.; Gallery 6d. CANTERBURY HALL, Westminster-road.— OPEN EVERY EVENING.—The follow ing company of Vocalists are engaged for the performance of S3lections from all the popular OPERAS, MADRIGALS, CHORUSES, GLEES, DUETS, die., viz.:—Miss Russell, Mrs. Badzey, Madlle. Marietta, Kiss Brunell, Miss Ray, Madame Bartoletti, Miss Montague, and Madame Marietta ; Herr F. Jonghmans, Mr. Renshaw, R. Grover, T. Farrant, S. Jonec, -J. Barker. W. Melling, Senor Antonio, E. L. Rime, Mr. I3adgey, Mr. Edwards, Mr. Bell, and Mr. Ber nard ; Messrs. W. T. Critchfield and E. Mackney. Piano. forte, Mr. Cecil Hicks ; harmonium, Master Williams ; Director, Herr F. Jonglamans. Commence at Seven o'clock precisely. Suppers, &a., until twelve o'clock. Mr. AUdIISTUS BRAIIAM will make his first appearance on Monday, the 25th inst. HIGH WATER AT LONDON BRIDGE. This DAY—Morn., 15 min. aft. s —Even., 35 min aft. 5 To-MoBBOW —Morn., 50 min. aft. s —Even., 15 min. aft. 6 .fHE WEATHER—SUN OFFICE, JANUARY 20. THER3fOXETBR, It THE SHADE. 43—highest since noon yesterday. 48—lowest this morning anciduring the night. 50 —this day at noon. Baßoitirricß, 29.89, falling rapidly. WIND, North-Westerly; very fresh and squally ; it blew strong early in the molning. Some rain in the fore. noon, bat now line, with heavy rolling clouds. 4 Tr. 4) , .11 `" G . 0k.r.y,31 LONDON, WEDNESDAY, JAN. 20, 1858. A great boon has been conferred on India. A real live lord has condescended to accept a situa tion below that of Governor of a Presidency. Lord GEORGE PAGET has been appointed Inepector- General of Cavalry ; and the mere nobodies, who bore the brunt of the fierce encounter, will have the pleasure of finding themselves superseded at the eleventh hour by one of the veritable ariato oracy—a kentleman "with a handle to his name," and a Guardsman to-boot, who has passed through many brilliant "peace campaigns," and who also, for a brief period, "Smelt powder" in the Crimea. We do not wish to be mishken, or to have it supposed that wa utter a single word against the personal character or gallantry of the noble lord. Far from it. He comes of a good stock, one distinguished for thorough English pluck ; and so far as his daring, aye, desperate courage is concerned, ve would not hesitate to bank Lord GEORGE PAGET against any sergeant or corporal in the army —even against those who have nobly earned the Victoria Medal. It is not of the man, or Lord, but of the system we complain. Had he not been the son of a Marquis who had, and we say it with all cordiality, justly acquired enormous influence at the Horse Guards, he never would have been pitchforked into the situation over the heads of many officers Whose brilliant services in India gave them, what persons uninitiated in the mysteries of red-tapism might consider, irresistible ntraent s . claims to Anglo-Indian appoi Lord GEORGE PAGET was a Guarci s man, and con sequently obtained that rapid advancement which sone Household Brigade" have always been for tunate enough to obtain. He had, therefore, trump cards in his hand, which did not fail him, even when he sought active service as a cavalry officer. H e had not been like the lamented HAVELOCK, a sub altern for 23 years, but made his exchange at a 'IRE SUN, LONDON, W EDNESD Ai' EVE NINO, JANUARY 20, 18,58. very judicious time, just, indeed, when the ex change could expedite his advancement. He went to the Crimea to learn strategy under Right Honourable and Honourable leaders. And when these leaders were enjoying comforts in their private yachts, he was enabled to see some hard work, which, to do him justice, he did not shirk, but the efficiency whereof was something marred by the want of experience. He did not f a il in the field, as a leader of Cavalry. Cynics may say that he had not a chance of showing the stuff that was ix him, because the cavalry had been virtually annihilated —not by the weapons of our opponents so much as by previous mismanagement and defective arrange ments. The Guards had their turn in the Crimea. Sir W. CODRINGTON was advanced over the head of Sir Come CAMPBELL on the alleged ground that, although the gallant Highlander had earned abundant laurels on every occasion when called on, he was only a good, au admirable follower, but had not the skill or discretion for a chief com mand. But what has now been proved ? What have been the evidences supplied at Lucknow and Cawn pore ? With bravery never excelled, with the requisite dash which a general must possess to acquire the confidence of his troops, he has been peculiarly chary of the lives of his followers, has been eco nomical where economy was a real virtue. He never left an essential duty undischarged, but he did it in the cheapest way, so far as his men were concerned—never sparing himself, but only his men. Indeed the only charge that could be pre ferred against him was, that he was not suffi ciently careful of the Commander-in-Chief. Indeed, he looked more to the safety of private soldiers than to himself. And yet this glorious—this illustrious—man was passed over in favour of a Guardsman. Sir WILLIA3I CODRINGTON was 'put over his head. But he never complained, never abandoned his duty in disgust ; but was willing to act as a sub ordinate to the best of his ability, so long as the authorities did not deem it expedient to elevate him to the position for which he was not only best qualified, but for which he was pro nounced, by the voice of public opinion, to be " the right man." 1 We have had another Guardsman in India. One, against whose daring bravery and courage, slander could not utter a single word. General WINDHA3f has proved himself a man of unquestion able courage, one that would head a forlorn hope, or " seek the bubble reputation e'en in the cannon's mouth." But he has been "weighed in the balance, and found wanting." Although slow to condemn any person who wishes to merit appro bation, we fear that what has hitherto been performed will not add to the prestige of Guardism in India, or lead the true friends of India, in that country, to desire a larger infusion of the aristocratic element in their military esta blishments. But for the disinterested conduct of Sir JAMES OUTRAM, HAVELOCK might have been superseded by WINDHAM, and then we shudder to think of what might have been the fate of the helpless fugitives. HAVELOCK inserted the sharp end of the wedge at the moment when their destruc tion was an affair of hours, not of days, and despair was impending over these true hearted English women. It was not death they feared, but the horrors of Cawnpore were fresh in their memories, and something far worse than death itself loomed darkly in the future. If these appointments are to be regarded as indicating the future distribution of patronage in India, we shall be compelled to examine, with careful scrutiny, the forthcoming Government measures. The Company's rule was decidedly bad, but there may be something even worse, and less beneficial to England or India. "English farmers can learn nothingfrom China." Such is the verdict of the Special Commissioner who has been favouring us of late with some racy, yet instructive, letters on China. We are not, however, so sure that both our farmers and " King THWAITES," perhaps Sir B. HALL, also, may not all learn something from JOHN CHINA MAN. Joint BULL is giving him, or about to give him, some costly lessons just now ; and it would be well if we could get some inexpensive ones in return. It is true we cannot copy him in detail. Soil, where the Commissioner saw it, and the price of labour, we suppose, every where---*dimate, too, we imagine (for he shot pheasants amongst bam boos and rice -fields), are all very different from their parallels here ; but then, of course, we must take our lessons mutatis mutandis, or, as natu ralists would tell us, are must search for the cor responding types in our longitudes and latitudes. Cereals here and cereals there ; manures in China and manures in England. As to soils, we should fancy, however, that China has "clays" as well as we. Certainly the Chinese long tormented our potters by beating them all ; and if they have lost some of their ancient art, they yet can do some things in porcelain which we cannot. If the farmers of Norfolk and the Lotbians indeed know anything of their business, we can do nothing in improving land and growing heavier crops, without green crops and cattle to consume them ; and we can do little in the way of green crops without cargoes of bones, and oilcake, and above all, of guano, while that lasts. And if Mr. MECHI be right, we must liquify our manure, collect it in tanks, and by some means, by pipes and hose, he says, distribute its odoriferous fertilising qualities among the growing crops. Now, our Chinaman finds hard labour cheaper than tubes and hose, and cattle being of no use to him, for rice, not beef, is his food, they are rarely to be seen. But for the matter of tanks he beats Mr. MEoHI and his followers hollow, and for guano and other foreign manure, he thinks home produce cheaper ; and while we are fearing the early exhaustion of Peruvian rooks, and sending HER MAJESTY'S ships to hunt for guano in all the rainless latitudes, our Chinese agriculturist has no fear of his guano failing. He relies on 300,000,000 places an earthenware tank a t of people, and every cottage door in the country, and innumer able similar tanks around the suburbs of all his towns. His rivers flow unpolluted to the sea, and his soil absorbs corruption to return it in verdure and food. Our Premier's dictum is verified, and dirt, being in its right place, is at a premium. It is true there are some little attendant deduc tions ; but then, a s Lord JOHN RUSSELL would say of even the English h Constitution, and as a High Churchman would admit of the Church of l England, all things human must have some imper fections. The imperfection of JOHN C HINAMAN ' S Mr. MEcrifs, we tanks is that they are open. know, are well closed, and he who would o p en them must be prepared to live in an atmospher e of hartshorn. Mr. MECHI would tell us that the ammonia—so liable to become volatile —must be retained, if possible—that, though so ready to play truant,; it is one of the most valuable ingredients of his nk. Cannot Mr. Commissioner enlighten t he Ch amen on the virtues of ammonia, and be t he , la or the MECIII for the 300,000, 000. Once i give t hemthe cue, and every little tank would be sedulolsly dosed, or trapped, at least, in some ingenious mode, as now it is recklessly left open to be the never-forgotten annoyance of Englishmen in China. JoHri . CarNAmAlf, now, laughs at the sensitiveness of an Englishman's nasal organs, and, it seems, levies sometimes a heavy tax for removing a junk laden with the precious but offensive cargo away from the Englishman's vessel. But most assuredly if he knew that by finding some efficient substitute on the large scale for valves and stoppers he should get one ear more on each plant of rice, JOHN would devise the way to do it. Mr. THWAITES, it must be owned, is quite out. done. The Chinese Metropolitan Boards have no trouble with the sewerage. No edicts from Pekin are needed ; there is no underground work, and all is at least aboveboard, whether in all senses it be fair or not. There are no disputes about plans to convey it in closed or open ditches ; no quarrels about oval drains or tubular drains, or drains at all ; no cleacce maximce, or minimce either. No, the sewage is all collected and all deposited by the voluntary principle—no oppres sive rates afflict the householder, nay it would seem that he makes a gain rather of what we pay to get rid of ; and where Western habits lead to secrecy and retirement, he officiates in public as a High Priest of Ceres. The temples where her offerings are collected appear to be innumerable. How is it that Mr. THWAITES cannot arouse English Agriculturists to the value of London to them ? With abundance of horses, carts, railways, and mechanical skill at command, how is it that he cannot have them bidding for his sewerage, as Chinese bid for the privilege of placing a large open earthenware tank near some place of popular resort ? It is unquestionable that Mr. THWAITES is now scheming to carry one or two millions pounds' worth of manure bodily into the sea or into the estuary of the Thames, for which JOHN CHINAMAN would gladly pay the full value and carry it away too. In one respect, every farmer will own that the Chinaman is wiser than we—he has no game laws. Our " Commissioner," when he determined to study and report on Chinese farming, thought it was as well to mingle little of the duke with the utile. He took, therefore, his double barrelled gun with him, and, the only dan ger being that of peppering a Chinese rice planter, as well as bringing down a pheasant, he enjoyed some excellent sport. We commend both their laws, or no laws, and his mode of study ; and when we go to farming-school shall not forget to profit by his example. LATEST NEWS. TEE CURRENCY. __-46.- Comments on the Currency —Fallacies of Lord Overstone, avowed by him in his Evidence before the Bank Committee of the House of Commons of 1857, as the Principles upon which the Bank Charter Act of 1844 was founded. (Continued.) The great wheel for circulating the capital of the world, money, is constructed of two materials, coin and paper, the first constituting as it were, the axis and the last the circumference of the wheel. The paper money is of two kinds, both of which come under the class of credit money, namely, cash paper money, possessing no intrinsic value, such as Bank-notes and cheques, and bill paper money and other paper securities to pay money at distant dates. Both circulate on confidence, which is the foundation of credit ; but as Bank-notes and cheques are payable on demand there is little or no credit compared to bills, which form the largest and most influential portion of the great wheel of circulation. If a great shock comes to confidence, a collapse takes place, bills become comparatively useless as a medium of exchange, the great wheel of circulation is broken and stopped • Whatwould Lord Overstone prescribe as a remedy ?He would say reduce the power and size of the remnant of the wheel still more by diminishing the quantity of the ready money portion—the bank-notes, the cash. He would say, perish commerce, crumple up those who procure the ready money in exchange for bills (the great London discount houses), but don't sac rifice my great principle until the last ex tremity and general confusion has become imminent. What would common sense say ? Repair the wheel as soon as possible to keep trade in motion—take away the rotten material and put in sound—in crease your issue of bank-notes to supply the place of bad bills, and rescue the commerce of the world from being paralysed by the ruinous action of a false principle. We have called attention to two of Lord 0 ver stone's fallacies—viz., that bank-notes alone con stitute paper money, and that a paper currency should fluctuate as 0, metallic currency. We LOW proceed to FALLACY No. 3. That a Bank of England note is nothing more than a certificate of gold. In answer to 3,899, he says :—" The opinion which I hold is perfectly plain and distinct, that bank-notes are nothing more than certificates of gold in deposit." This definition did not appear to the committee so perfectly plain and distinct, and they renew the interrogation later on, thus-4,024. " Yogi. lordship in another part of your evidence has stated that the tank-note is nothing more than a certificate that so much bullion is deposited, which bullion is to pay that note when demanded Ans.—" I stated that a bank-note is a certificate issued against bullion ; of course we cannot say that 26,000,0001. of bank-notes are the certificates of bullion actually deposited, when there is only 10,000,0001. or 12,000,0001. of bullion depositel 4,025. " You have frequently made use of the ex pression that the bank-note is nothing more than a certificate of so much bullion ?" Ans.— "It is a certificate of that amount of bullion which would be in circulation as money if there was no paper notes. That 14,750,000 of Bank of England notes issued against securities are certificates of bullion is by no means so clear and distinct to others as to himself. In another part of his evi dence (3,648) he illustrates his definition thus— ' That practical and sagacious statesman, Sir Robt. Peel, applied his mind to the subject. He at once grasped the true character of the paper bank-note (derived from his own opinion given before the com mittee of 1840, and for which he says he felt com plimented.' " 4,124.)—" Be saw that if it was at all times to be converted into gold, it must be treated as the direct representative, or I may say, as the shadow of the gold." Had Sir Robert Peel grasped in his hand the bank-note of some country bank that had stopped payment, we could have un derstood its similitude to a shadow of gold. But a Bank of England note is neither the shadow of gold nor of money—it is itself money, and of the best quality, being a perfect security for obtaining its equivalent specified value in capital in every civilised country in the world. We would ask, Are not Bank of England notes and all bank-notes merely securities upon which the public advance their capital—the bankers who issue them lending their credit only, upon the strength of which the public lend their capital ? The bullion and other cash reserves held by the bankers are a security to them to enable them to discharge their promises to pay on demand, but do not the notes themselves circulate with the public merely as personal secu rities, and not as certificates of bullion ? FALLACY No. 4. That all great fluctuations in the rate of interest may be distinctly traced to alteration in the value of capital—never once to alteration in the quality of money. Lord Overstone, in reply to question 3,653, says, " I have already stated, and perhaps it is better to re-state, for really the difficulty of hammering truth into the public on this subject is some thing very disheartening, that the fluctuations in the rate of interest arise from one of two causes, "an alteration in the value of capital, or an alte ration in the amount of money in the country. All great fluctuations of interest, great either in their duration or the extent of their fluctuation, may be distinctly traced to alteration in the value of capital : two more striking illustrations of that fact cannot be furnished than the rise in the rate of interest iii 1847 and during the last two years." It is certainly very difficult to hammer the truth into the public on the subject of the currency, and much more so, fallacies. The firot difficulty we have to encounter in the explanation of this fallacy is the confusion arising from confounding money and capital, and confusion is made worse con founded by Lord Overstme's evidence. He says, in answer to 3,720, "It is a very common fallacy to consider money and capital as the same thing ;" and yet, in answer to 3,243, he says, "If France to-morrow put out a notice that she wishes to bor row a very large loan, there is no doubt that it would cause a very great alteration in the value of money ; that is to say, in the value of capital in this country." He is asked (3,744), " Would you be so good as to describe what you actually mean by the term capital ?" This he declines to do. He replies, " I am afraid that this is going into a ques tion which is a little beyond such a body as this fully to enter into—(not very complimentary to the Committee, of which James Wilson was a member, nor creditable to himself as the founder of a monetary system)—" if you want me to define capital I shall beg leave to decline entering into scientific definitions." Again, (3,746) "your , lordship now uses the term money ; I understand your paper to say it was a loss of capital ?" In reply to 4,023 he admits there was a " curious jumble of words" in a previous answer he had given—we should say of ideas likewise, and cannot acknowledge him to be a great authority on the currency when he declines to define capital, and takes shelter in the deplaration "that the use of the word capital is very dangerous." 6,140. In the definition of money he and the Bank Committee, after some disputing, come to the conclusion " that money is means by which capital is obtained." The confusion between money and capital is in creased by the general ideas that the value of money depends upon the abundance or scarcity of capital ; this is true to a certain extent, and arises from the magical influence of the connecting link between them, credit. When capital is abundant, be it from good harvests or any other cause, credit is also abundant, and credit money (which is unlimited in amount compared to that of coin money, and has the same influence in price) is plentiful and money is cheaper. On the other hand, when capital is scarce, be it from bad harvests or great losses, or any other cause, credit and credit money are scarce and money is dearer. Money and capital are also intimately connected, being demand and supply to each other. The owner of money seeks to exchange it for capital to gratify his wants and desires ; and the owner of capital seeks to exchange it for money to obtain other capital more suitable to his wants and desires. They are, nevertheless, distinct, and must be kept so in the mind's eye in considering this vexed question of the currency. As Adam Smith says—" The great wheel of circulation (m oney ) i s a l together different from the goods (cap i t a l) w hi c h are c i rculated b y means of it." We will, therefore, assume the ordi nary definition of capital to be correct ; that it is service and commodities used in production ; and that money is the means of obtaining and exchang ing these by virtue of its cardinal property, as a security for obtaining its equivalent value on capital. Having endeavoured to remove the confusion between capital and money, we proceed to the con sideration of the fallacy, that all great fluctuations in the rate of interest (discount) may he distinctly traced to alterations in the value of capital. This question, then, presents itself, Did the recent alteration in the value of capital in this country, to the extent of some 20 to 50 per cent. on raw mate rials, precede or succeed the alteration in the value of money ? The late panic gives us an excellent opportunity of answering. All admit that the panic originated in a suspicion that railway property in America had been over estimated in public opinion, that thedividencls paid had not been honestly,earned. This suspicion proving to be well founded, gave a g eat blow to confidence in them, and almost annihi lated the credit money which had been created and kept afloat on the credit of their imaginary value. This collapse of credit extended to Europe, and produced similar effects, the necessity of liquida ting credit money, and the consequent diminution in the quantity of money. All had to run for specie, or for ready money, considered to be as good as specie, such as Bank-notes and Government paper. The run in each country, and the advance in the rate of discount, was in proportion to the breadth and soundness of the cash bases of their respective monetary systems. The wider and sounder the basis, in proportion to the superstructure of credit, the less scarce was the pecuniary pressure, and the lower the rate of discount. In England the run was for gold and for Bank of England notes, being the legal tender constituting our monetary basis ; in France, for silver, and gold, and notes for the Bank of France, which latter, though not a legal tender, are, in public belief, considered to be as good money as specie. In Prussia the run was for silver and Government paper. In Hamburg the run was for silver, their only legal tender, hav ing no State paper money, and consequently having the narrowest monetary basis of any country. Her embarrassment was the greatest - , and so extreme as to oblige her to become indebted even to Austria for assistance. To return to the question, whether the recent al teration in the value of capital preceded or succeeded the alteration in the value of money, we shall en deavour to show that the price of commodities (other circumstances influencing supply and demand remaining the same) rise and fall with the expansion and contraction of credit, and con sequent contraction and expansion of ore dit money. Any great loss to capital, as we have already shown, diminishes the quantity of credit money (and all paper money, from a bank note to a bill of any length of date, is credit money), and raises the rate of discount, and vice versa. The explanation of this effect we shall find on reflecting that capital, the produce of labour, is the founda tion of the purchasing power ; but that the belief that a person possesses capital, which is credit, has a power of purchase equal to capital itself. A per son going into a market and buying goods upon credit affects prices just as much as if he bought for cash—prices depending is the proportion of demand to supply, and the demand being increased just as much by credit as by cash. This view is corrobo rated by J. S. Neill, who says, " 1 apprehend that bank-notes, bills, or cheques, as such, do not act upon prices at all. What does act on prices is credit in whatever shape given, and whe ther it gives rise to any transferable instruments capable of passing into circulation or not." We submit that we have shown that during the period of the last two years, to which Lord Over stone refers as a striking practical illustration of the correctness of his views, the alteration in the value of capital succeeded and was the conse quence of the alteration in thevalue and quantity of money ; and with regard to his other practical illus tration of 1847, the Lords' Committee which sat in 1848, after taking into their consideration all the vast losses of capital incurred at that period, re ported—" That the restrictions (on the currency, imposed by the Act of 1844) materially aggravated the pressure (for money, raising the rate of dis count), and produced the panic of October, 1847. We come, then, to the conclusion, that great fluc tuations in the rate of interest (? discount) are not owing, and cannot be distinctly traced, as Lord Overstone maintains, to an alteration in the value of capital ; but, on the contrary, that an alteration in the value of capital, other causes remaining the same, is owing to a di minished quantity of money and credit. The same cause being equally applicable to great and minor fluctuations. (To be continued.) HEALTH OP LONDON DURING TBE WEEK, (From the Report of the Registrar General.) In the second week of the year the total number of deaths registered in London was 1,289, of which 637 were deaths of males, 652 those of females. In the 10 years 1848-57 the average number of deaths in the weeks corresponding with last week was 1,232 ; but, as the deaths included in the present return occurred in an increased population, the average, to admit of comparison, shoull be raised in proportion to the increase, in which case it will become 1,355. The returns for last week are, therefore, so far satisfactory as to show that the deaths were less by 66 than the number which the average rate of mortality in the second week of January would have produced. The 1,289 deaths are classed under five general heads ; 261, of which number 210 are the deaths of young persons, are referred to zymotic diseases ; 259 to constitutional diseases ; 605 to local diseases; 142 to developmental diseases ; 13 are the results of burns, drowning, wounds, or other injury. Nine deaths are not assigned to any of the above classes, because the fatal disease or injury is not described, —a defect in the returns which is not unavoidable in some cases, but will necessarily arise in others, where a coroner's jury, who have been summoned to investigate the cause of death, have not been able to ascertain it. In the miasmatic order of diseases measles has taken the most prominent place ; since the middle of December it has increased in the following weekly numbers :-41, 45, 60, and 65. Of the 65 deaths of last week five occurred in the west dis tricts, 10 in the central, 13 in the south, 17 in the north, and 20 in the east districts. Five children died of measles in the sub-district of Camden-town, and the same number in that of Rotherhithe. Whooping-cough was fatal in 41 cases ; scarlatina in 39, among which latter are one or two cases in which diptheria is mentioned as the cause of death —a common complaint at the present time in Lon don and also in the country, in some parts of which it appears to be known as "the throat disease." Last week bronchitis carried off 197 persons, pneu monia 101, laryngeal affections, spasm of the glot tis, &c., 11: The mortality from pneumonia is less than its usual amount ; but the degree in which bronchitis is prevalent and fatal appears from the fact that the average number of deaths from it, raised for increase of population, is 150, while the actual number is close on 200. Seven nonagena rians (of whom six were women) died last week ; the three oldest were aged respectively 94, 95, and 96 years. Last week the births 0002 boys and 861 girls —in all 1,763 children—were registered in Lon don. In the ten corresponding weeks of the,years 1848-57 the average number was 1,571. At the Royal Observatory, Greenwich, the mean height of the barometer in the week was 30.209 in. The mean daily reading rose about 30 in. on the 22d ult., and continued above it on the 25 days following, with the exception of one day, the 9th inst. The greatest barometric pressure of last week occurred on Tuesday, and was 30.46 in. The mean temperature of last week was 39.8 deg., which is 4.2 deg. above the average of the same week in 43 years (as determined by Mr. Glaisher.) On Sunday (the 10th) the mean temperature was 46.4 deg., which is 10.7 deg. above the average of the same day. It fell to 35'3 deg. on Thursday, which is rather below the average. The highest temperature in the week wasso.9 deg. on Sunday ; the lowest was 29.4 deg. on Tuesday. Th e mean daily range was 13.8 deg. The difference between the mean dew point temperature and the air tem perature was 3.2 deg. The mean degree of hu midity was 89. The mean temperature of the water of the Thames was 39.8 deg., the same as that of the air. The wind blew with great regularity from the south-west. The rainfall measured was only 0 . 06 in. ARRIVAL OF THE PRINCE OF PRIISSIA.—His Royal Highness the Prince of Prussia arrived at Dover at an eary hour yesterday morning, and left for London by a special train on the South-Eastern Railway at a quarter past 11 o'clock. His Royal Highness was accompanied by the Prince Holstein and the Prince Riaz, and attended by his Excellency Count Bernstorff, Count Armin, Count Brandenburg, and a numerous suite. The chairman of the South-Eastern Railway Company, the Hon. James Byng, and the gtniral manager, Mr. Eboratl, met the royal party at Dover station, and con ducted the train to L mdon, where the il'ustrious party arrived at a quarter past one o'clock. The Duke of Richmond, in command of the Sussex Militia, and General Cranford and Staff, were in attendance at the Dover station. His Royal Highness the Prince of Prussia was met at the Bricklayers' Arms station by his Royal Highness the Prince Consort, attended by Colonel Ponsonby. Mr. Teulon and other directors of the railway ware also in attendance at the Bricklayers' Arms station. Hi 3 Excelle❑cy the Conte de Redern, Lord Chamber lain to tce King of Prussia, ba3 arrived at Maurigy's Hotel. His Excellency the Mexican Minister and Madame Al front° will return to town to-morrow, from Paris. His Excellency Don Juan Francisco Martini, Envoy Extraordinary and Minister Plenipotentiary from the Re puthie of Guatemala, has arrived at Maurigy's Hotel. The Earl and Countess of Craven and Viscount Uffington, and the Ladies Elizabeth and Evelyn Craven, arrived at the family mansion in Charles-street, Berkeley-square, last evening, from Aando en Park, Berks • for a few days. The . Duchess (Emil:o of Beaufort and the Ia lies Soweriet arrived at Warwick House Stable-yard yester day, from Bahn Tatou, Gloucestershire. Tt.e Baron and Baror ess de Rottermr ni have arrived at the Brunswick Hotel, Sr. James's, from the Conti nent. Vise )untess Inge3tre was safely delivered of a daught3r on Tuesday, at her residence in Ecoleston square, Count and Countes de Flahault and Miss Elphinston de Flahault arrived at Coventry flore, on Saturday, from Torquay. Lord and Lady Camoys and the Hrn Miss Stonor come to town to-day from Stonor Park, Henley-on- Thanses, Oxon. The Earl and Countess of Wilton come to town to day from Egerton Lodge, Melton Mowbray. The Countess Komila and family have left the Bruns wick Hotel, St. James's, for Paris, en route for St. Petersburg. LAW INTELLIGENCE.(This Day.) ROLLS COURT. (Before the Master of the Rolls, Sir John Romiily.) WILLIAMS V. PAGE-LIABILITY OF MANAGING DIRECTORS. This important cause came on for judgment this morning. The plaintiff, an original shareholder of an abortive railway company, for forming a line from the Eastern Rail way to Cambridge, filed his bill against the defend ants, managing directors of the projected line to Slecoup, to pay to him a proportionate share of 9 7751., erroneously paid by them to subsequent shareholders of the company for additional advances made by them, to enable the directors to comply with the standing orders of the House of Lords, and obtain an act of Parliament for racing the projected line. The company was opposed, and failed in obtaining an act of Parliament, told the project of forming this line waa abandoned. The defendants considered that the additional share. holden were preference shareholders, and paid them in full the money advanced by them, to the amount of 9,774/. The plaintiff claimed 221., as his proportion of this money, due to him on his shares as an original share holder. His Honour, the Master of the Rolls, was of opinion that the additional shareholders were not preference shareholders for the advances made by them to enable the directors to establish the company, and that the defendants, the managers and directors of this abortive ompany, had no right to pay to the additional share holders the sum of 9,7751., the money of the company. His Honour held the defendants liable for the amount, and granted a decree in favour of the plaintiff for the sum claimed by him 21. 2s. with costs. His Honour allowed the cause to stand over for calling other shareholders and their representatives as defendants in the cause, before passing decree against them. COURT OF BINKRUPTCY. (Before Mr. Commissioner Goulburn.) IN RE PARKER AND RONALD —EXTENSIVE MERCANTILE FAILURE. To day was appointed for the choice of assignees under the estate of these bankrupts, who were described as of Bread-street, Cheapside, commission agents. From the preliminary statements handed in by Mr. Hayles on the part of Messrs. Hart, Broths's, it appears that the trade debts are only about 1,0001., but there are liabilities on bills in favour of Ronald and Co., of Paisley, to the extent of 18,0001., of which the Western Bank hold bills to the amount of 9,5501., and the Union Bank of Scotland 1,0001., but it is expected the liabilities will to a great extent run off. Mr. Jones, Regent-atreet, was appointed assignee. CITY SHERIFF'S COURT. (Before Mr. Prendergast, Q.C.) MORGAN V. CARTER-A SINGULAR CASE. The plaintiff in this case sought to recover a sum of money, paid as hearing fee, from defendant, under the following singular circumstances :—Plaintiff instructed Messrs, Linklater to recover a sum of money from de fendant, for which Messrs. Linklater wrote in due course. That was on the 18th Dec. About the end of the mouth Mr. Morgan removed the business from Messrs. Link later's hands, and issued a summons, served upon the housekeeper's daughter, from this court. On the Bth of January in the present year, Mr. Carter called upon Messrs. Linklater, and paid the amount for which they wrote to him. Messrs. Lioklater's clerk took the money, and gave Mr. Carter, a receipt. On the day the summons was returnable Mr. Carter happened to be in this court, and hearing his name called, he stepped into the box, and producing his receipt, his Honour found a verdict for defendant. It was now argued that defendant had no right to pay that money without seeing that no process was against him. His Honour said Messrs. Linklater's clerk had no right to receive the money. A. gentleman from Messrs. Linklater's office said it was rather singular that he should have been in court if he did not receive the summons. His Honour—lt is a singular case altogether. It is singular that a solicitor should receive money after, the business is removed from the office. You hays no claim against defendant. As the service is not quite com plete, I'll return half the hearing fees. POLICE INTELLIGENCE.— (This Day.) MARLBOROUGH-STREET. ATTEMPTING TO PICK POCKETS AT gen Mc.resTr's TIIEATRE.—WiIIiam Popjoy Kippin, a middle-aged man, was charged before Mr. Beadon with attempting to piok pockets at the entrance of her Majesty's Theatre. Detective Sergeant Tanner, 29 A, deposed that this morning, about a quarter-past one, he saw the prisoner at the entrance of the above theatre, Opera Ctl mule. There was a great crowd assembled to see her Majesty, and amongst them he noticed the prisoner pushing about for more than ten minutes. The prisoner then suddenly made a rush and got in front of two gentlemen, and witness distinctly saw him put his hand towards their watch guards, and immediately withdraw it, in such a manner as to lead him to believe that he bad got one of their watches. Witness at once made towards him, but the prisoner having previously caught sight of him ran off up Charles-street, into St. Alban's-place, where he was stopped by falling into the arms of two police-constables who were standing there. He subse quently searched the prisoner but found nothing upon him. The prisoner had been previously convicted, but since then he bad informed the witness that he had been in the Crimea, and had his discharge at his lodgings. Witness accordingly proceeded to his lodgings and found a discharge in the name of Wm. Popjoy, as also Crimean medal, The prisoner denied being in the Haymarket for the purpose of picking pockets. He served in the Baltic on qbouaerodtlythdeiseChhairlgdeedrs,wiwthasa medal. Mr. home, and subse- AIL Beadon said he should remand defendant for a week, and if there was nothing else against him he should discharge him. THAMES. SAVAGE OUTRAGE UPON AN UNFORTUNATE, WOMAN.— Antonio Augustus, a foreigner, 21, was b roug ht b e f ore Mr. Selfe, cha rge d with assaulting a woman named Elizabeth Tremble, of 38, Baker-street, Stepney. It appeared from the evidence that the prisoner was the servant of a boarding-house keeper in Limehouse. On Monday night the prosecutor went to the bons. of the prisoner's master to inquire after a sailor with whom she had been familiar. She was told the sailor was not there, but she having reason to believe he was in the house refused to leave until he was forthcoming. The prisoner immediately attacked the woman with great fury, and struck her several times with his fists and kicked her. She fell to the ground and became insensible. She bad received a violent Lek in the abdoinen and another in the groin, and was severely injured. She was carried to the London Hos pital, where she now remains under medical treatment. Simon Ralph, No. 244 K, said it would be some time before the woman would be able to attend the Court. The prisoner's master, a foreigner, said the woman said to be injured was in a publia-house drinking 'last night, and there was nothing the matter with her. Mr. Selfe—Some persons will make assertions at random reckless of the consequences. Here is a medical certificate stating that the woman is in the London Hos• pital under medical treatment, and cannot be removed.. Toe prisoner was then held to bail to appear on Wednesday next. __ • Mr. and Mrs. Tho mas T ownsen d h ave left Ec — rt - varda's Hotel, for Belmont Park, near Faversham. In consequence of a very severe domestic affliction, namely, the recent death of a beloved daughter, Colonel Sir W. Davison, Equerry to his Royal Highness the Duke of Cambridge, and his family are unavoidably prevented the honour of attending the Court festivities and nuptial ceremony of her Royal Highness the Princess Royal and his Royal Highness the Prince Frederick William of Prussia, •to which her Majesty has been graciously pleased to send them invitations. The Stockholm papers announce the betrothment of the Hon. William Grey, Secretary to her Majesty's Legation at Stockholm, to Mdlle. de Stedingk, only daughter of Major-General Count Stedingk, Inspector. General of Cavalry, and tbe Countess Stedingk, Dame d'Honneur to her Majesty the Queen Dowager of Sweden. THE DIVORCE Act —The first application in Leeds under the provisions of this Aot came before the borough magistrates yesterday (Tuesday), when ai espsctable look ing woman, named Mary Wilcock, appeared for protec tion of property under the 21st section. She stated that chi lived at 24, Park Cross-street, and that on the 16th cf February, 1836, she was married to George Wilccok, who deserted her without just cause on the 13th March, 1848, since which time they had been separated. Daring the separation she had acquired property by her own earnings, consisting of 11 houses, furniture, money, and woollen waste, and she applied to the court for its prc. tection from her hasband at,d his creditors. The hue band was not present, and the order was made. THEORY AND PRACTICE OF MODERN AGRICULTURE. —This is a perfect bijou to the farmers. As Lord Sr. Leonards, in his "Hand Book," makes the driest subject agreeable, so Mr. Corrigan makes rotatory crops, manures, &c., as agreeable as old Horace himself oauld. Mr. Corrigan enjoys the confidence of Ireland's real patriots—Waterford, Clancarty, Leinster—and he an nlunces a pleasing fact with fervent pa`riotifut. Inti mately identified as we are with the agriculture of this c iuntry, we have witnessed with satisfaction the rapid progress it has made within the last few year.. Many causes have tended to promote this gratifying result ; we have not space no N to refer to any of these, but the. fact is universally acknowledged that Irish agrieulthre is rapidly and steadily progressing. To aid in fur:tiering this good work is our object ; and if this treatise be instrumental i i its promotion, our heart's e,esire will be gratified and our labours amply comPenB;6ted." .HER MAJESTY'S THEATRE. The first of the series of performances in honour of the Princess Royal's marriage was given last Light. It had been announced that they would be honoured by the presence of the Queen, and would commence at half-past seven, but it was nearly eight before the curtain rose, and the royal party did not arrive until nine o'clock. Ten boxes had been thrown into one for the reception of the royal visitors, and the party consisted of the following : —The Queen, the Princess of Prussia, the King of the Belgians, the Prince of Prussia, the Duchess of Saxe Coburg, Prince Albert of Prussia, the Duke of Brabant, the Princess Alice, the Duchess of Wellington, Prince Frederick Charles of Prussia, the Duke of Saxe Coburg, the Count of Flanders, Prince Frederick Albert of Prussia, the Prince Consort, Prince William of Baden, the Prince of Wales, the Prince of Hohenzollern, Prince A.dalbert of Prussia, the Prince of Leiningen, the Coun teas Hooke, Prince Julius Holstein Glucksburg, the Master of the Horse, the Prussian Minister and Coun tess Bernstorff, the Lord Steward, the Lord Chamber. lain, the Count and Countess Perponeaer, Lady Caroline Barrington, the Marquis of Aberoorn, Baroness de Wan genbeim, Count Boos, Count Packler, Countess Wally von Hobenshal, Countess Marie Zu Lynar, Col. Count de Moerkerke, the Countess Oriolla, Lieut.-Col. von Boyen, Baron d'Uckerman, Col. von Alvensleben, Baron D'Overchie de Nerische, Baron Treskow, Count von der Goltz Hofmarchall von Meyerinck, Captain von Schlieffen, Adjutant von Budderbrock, and Captain Burnill. The performances consisted of "Macbeth" and "Twice Killed." When the Queen arrived Mr. Phelps was in the midst of the celebrated dagger soliloquy. Her Majesty was warmly cheered at the termination of the soliloquy, and graciously acknowledged the compliment. It is stated that " Macbeth " was specially selected for representation by the Prince Consort, else it would seem scarcely "a dish to set before" an affianced princess and her friends. The cast was as follows : MACBETH. Duncan (King of Scotland) (sonstnthe King) 1 it Air. T. C. Harris. Malcolm Robinson. rris. Malcolm 1 DonalbainblissC. Parkes. Macbeth l (Generals of the King's I Mr. Phelps. Banquo 5 Army) 1 Mr. A. Rayner. Macduff Mr. Howe. Lennox (Noblemen of Scotland) Mr. Seyton. Rosse JJJ Mr. Belford. Fleance (Son to Banquo) Miss Williams. Siward (General of the English Forcer) Mr. Meagreson. Seyton Mr. C. Fenton. A Physician Mr. Ranoe. Ist Officer 2d Officer Mr. Lickfold. Lady Macbeth Gentlewoman .. Miss Rawlings. The Three Witches—Messrs. Emery, Ray, and Lewis Ball. Hecate Mr. Weiss. Singinc , Witches—Madame Weiss, Mdlle. Sedlatzek, Mr. ____. Miintem Smith, Mr. Winn, and Mr. Bartlnman. Mr. Phelps and Miss Faucit played with spirit, and received the applause of the audience• After the tragedy the National Anthem was sung, the principal parts being taken by Mr. and Madame Weiss and Mdlie. Sedlatzek. The farce did not come on until a very late hour, but many remained to witness the excellent acting of Mr. and Mrs. Keeley. The cast was as follows : - TWICE KILLED. Mr. Euclid Facile Mr. Keeley. Mr. Ralph Reckless Mr. Kinloch. Tom (his servant) Mr. Claik. Mr. Holdfast Mr. Fergus Fable Robert Mrs. Facile Mrs. Leigh Murray. Miss Julia Flighty Miss Oliver. Fanny Pepper Mrs. Keeley. It would be unfair to terminate our notice of the performances without paying a compliment to the spirited and intelligent projectors and directors of them - -Mr. Lumley and Mr. John Mitchell. PRINCESSES THEATRE. Seldom has a more brilliant ovation been accorded t a manager or performer than that which last night greeted Mr. Charles Kean. Long before the hour of admission the doors were besieged. Every place that could be taken had previously been engaged. Members of the Garrick Club had secured every vacant stall ; and the box-keeper's list showed that no person coming with money in hand bad a chance of a seat in either the dress or upper boxes ; but even standing room was eagerly sought fur by those anxious to honour English pluck, English talent, and Eoglish energy. It is needless to say that when the curtain rose there was not a vacant spot to be obtained for love or mosey. Indeed, we believe that admission was refused to parties who might have created a bumper in the largest theatre in this or any other country. On his first appearance, Mr. Kean was greeted with a round of rapturous and enthusiastic applause. Although manifestly appreciating the cordial tribute RO gracefully rendered to his genius, it but excited him to fresh efforts to prove bow Sbakspere could be ren dered, by conscientious exertions, combined with judicious and liberal expenditure. A man may be stimulated by great occasions, and Mr. Kean unques tionably surpassed himself last night, and that is no trivial praise. After the second and third acts he was called before the curtain, a demand rather tardily com plied with ; but it was one which could not be resisted. But " this, aid these, and all," were nothing to the effect produced at the domino; scane—when the curtain fell—Mr. Kean was again called forward, and bowed his acknowledgments. But that did not suffice. The audience required something more, and the cheers and applause proved their sincerity. The house literally " rose at him," as one did before to his illustrious father. At length Mr. Keaa came forward, visibly affected by the wonderful demonstration. He spoke plainly, but from his heart, and with great deli cacy. Th re was nothing that could offend any, but honest pride was manifested, and he rose into " moral dignity " while giviag exp ression to his earnest feelings. It was, indeed, a night that will long be memorable in annals of the Princesses and of its efficient manager. The speech was as follows : _ " Ladies and Gentlemen,—lt is not my ugual practice to address the audience on any other occasion than at the conclusion of the season, but were I to remain silent after so remarkable an ebullition of public feeling as I have to-night witnessed, I fear that my motive might be misinterpreted. (Loud cheers.) Believe me, I am deeply sensible of your great kindness, and I beg you to accept my heartfelt thanks. It would be affectation in me to pretend not to understand the motive which has prompted thii peculiar demonstration. (Renewed ap plause.) It is but another instance of a fact I have fre quently observed, that when a public man acts in a con.cientious and upright manner, the public will always afford him their sympathy and their support. Through out my lif e I h ave i nvar i a bly c oveted the favourable verdict o f pu b lic opinion, profess i ona ll y an d socially, and r r e e t s ir s ed w a a m e the demonstrati on o f thi s even i ng i m presses me with the gratifyin g keen in v a i n ." This conviction that my efforts to win it have not received enthusiastic i, Id with e c heersi t l e o uwde were applause, eropmr e allsen pt .a a : t d Mr. Kisea address o of the house. The Siamese Ambassadorsi FRANCE. PARIS, TUESDAY. The Emperor has addressed an autograph letter of thanks to Queen Victoria, her Majesty having at once written to him on hearing of the attempt on his life. There are now eight Italians in custody ; the examinations are going ca, but still with much secresy, and anything thst may be said of the nature of the disclosures, if disclosures they may be, must necessarily be conjecture. The Spectat,eur has been suppressed. The Frankfort Diet has postponed for one month its vote upon the dispute relative to the German Duchies. Orsini, or Count Orsini, as he has been called, and as he very likely may be, is so seriously in jured by the explosion of the grenade which he threw that he is not considered likely to live. When he was asked his name, at the time of his examination by the magis';rate, he said, " What matters ? Our name is Legion." The Firmln for the dissolution of the Divans of Moldavia and Wallachia has been forwarded from Constantinople to Jassy and Bucharest. BOURSE, Jan. 19.—The following were the last quotations : 94 - 4. per Cents Do. end month 3 per Cent. ..... 69 10 Do. end month 69 35 Bank Shares ... 3200 Credit Mobilier Do. Account 895 - RAIL' Orleans Northern New Ditto 795 Credit Fonder Belgian 4A Piedmoncese (5) ..... Roman BB Austrian Spanish Threes _ Home Debt 3 7" VATS. S. Midi Western 692? _ Strasburg 7OO Lyon and Mediteran. 875 New Ditto B5O Geneva Grand Central Sardinian Austrian Ferruck Khan has returned to Paris from Lon don and purposes leaving France for Persia in the course of next month. " We understand," says the Messenger du Midi, " that the Emperor is expected at Marseillei to wards the commencement of April. The council general of the department has opened an unlimited credit for the embellishment of the Prefecture, where it is thought the Empress and the Prince Imperial will reside daring an excursion of his Majesty to Algeria." The Emperor has received a letter from the King of the Belgians, congratulating his Majesty on his escape on the occasion of the late attempt. The Moniteur publishes a further account of the indignation expressed by various foreign Courts ou hearing of the attempt of the 14th. On the news reaching Vienna, the Emperor immediately ordered Count de Buol to express to the Emperor and Empress of the French, in his name and in that of the Empress Elizabeth, their congratulation on the providential escape. At Dresden Baron O'Brya waited on the French Minister to offer the congratulations of the King and Queen of Saxony. M. Forth Rouen received similar marks of sympathy from the Prince Royal, Prince George, the President of the Council of Minister., from all the diplomatic body, and from a number of persons of all ranks. The King of Hanover, on receiving the intelligence, addressed a letter to the Chargé d'Affaires of France, in which he begged him to transmit to their Majesties the expression of his horror at the crime, and of his gratitude to Providence for their escape. Similar communications were made to the representatives of France at F ran kf or t, Weimar, Darmstadt, and Cassel. The New Prussian Gazette of the 16th, in speak ing of the attempt says : " It is by the hand of God that the destinies of nations as well as of individuals are guided, and happy is he whose mind is impressed with that conviction. The murderous band have again discharged their balls against the Emperor of the French. Without the will of God, however, not a hair of our head can fall. The Almighty pursues his own selected path ' and if he selects a man for his work, be d oes not permit that work to be disturbed even by the infernal machines or the poignard of the bandit. It was in vain also that assassination was attempted on Napoleon I. ; it was necessary that his destinies should be accomplished. Republican conspirators also fired on Louis Philippe, but none could kill him. All is in the power of God, whether to humble or to exalt, to level with the dust or to place on the throne, and he does each in his own good time." The whole of the German press, without any ex ception, speak in indignant terms of the attempt on the Emperor and Empress, and brand with repro bation the conduct of the revolutionary party in employing such detestable means to effect their purpose. SPAIN. The Madrid journals of the 15th publish the list of the new ministry, already known by telegraph. M. Isturitz, the new President of the Council, has always belonged to the most liberal section of the Conservative party, and in 1844 he was in the Cabinet with M. Pidal, Cleneral Ammer°, and M. Mon, which was also defeated in the election of President of the Congress. According to the Iberia, his now administration can do little more than dissolve the Cortes, so as to facilitate the accession to power of M. Bravo Murillo, who, it alleges, is the real " master of the situation." The _Espana declares that the new cabinet, under existing circumstances, is calculated to satisfy the Conservative party, each of its members being noted for the fixity of his Conservative opinions. The same journal says that it had been determined not to publish in the Gazette the royal decrees ac cepting the resignations of the old and appoi n ti ng the new ministers, till they should be communi cated to the Cortes. The Marquis de Tiluma and the Marquis de Miraflores were spoken of as likely to succeed M. Isturitz in the presidency of the that e f all() artillery from Senate. The Esparta, a semi-official au t h or it y, announces that Spain has definitively resolved t o take part in the projected expedition aga i nst Co i c t l 4000 h infantryna, and and iit says a battery will employ in the garrisons of the Philippine Islands. It is stated that the arrests which had been effected, and which were of men noted for violent democratic opinions, took place in consequence of the seizure of letters from Valencia announcing that some desperate persons were about to assemble in Madrid in order, in conjunction with the demagogues there, to create disturbances. The Duke de Valencia (Narvaez) was confined to his bed from influenza, and had been even rather seriously ill, but he was getting better. The Duke de laVictoria (Espartero) was recovering. PORTUGAL. The Medway steamer, arrived at Southampton, brings us the following latter from our Lisbon cor respondent : " LISBON, JAN. 15. " The contract for the marriage of his Majesty Don Pedro V. with the Princess Stephanie of Hohenzollern was approved yesterday in a secret session of the House of Deputiep. " A secret session has also been held respecting the accusation made against the Minister of Justice in regard to the rece n t no mi n ation of judges, which was renewed inapu d blicesmesesinoenzeosn, ex-civil governor o f B raga, to the the 13th, upon the m o ti on of Don Rodrigo effect that the House of Deputies laments the facts brought to its knowledge, does not find the Government explanations satisfactory, and considers that energetic and decisive measures of reform are of urgent necessity in the administration of justice.' "This motion was again under discussion yesterday, and will be continued to-day, when a modified motion of censure will be proposed, and the Ministerial difficulty will probably be patched up for a time. It has, however, which has bean deserted abylasremveedratlideeGpuotvieesr,nmanedntthpeaqrtuyestion has become of more importance since the King appears to have decidedly refused the proffered resignation of M. Jose Silvestro Ribeiro, the Minister of Justice, his Majesty just consi dering the nomination of judge which has been attacked to be a general measure of the Cabinet, and that an the Ministers. adverse vote of the Legislature wou ld equa ll y a ff ec t all " The Cabinet is also threatened with other difficulties in the Upper House, where it appears the committee's project of rep'y to the King's Speech will be discussed to-day, and opposed in some Pa ragraphs w hi c h are h e ld to compromise the house to an approval o f recen t ac t s o f adminiArs.tiou. In the Lowe r House, the answer to the Throne being a mere echo of the Kink's speech, was for the first time voted unanimously without any debate, and it woul 1 have been well had the committee in the Peers proposed one of the same nature. "A hull-fight for the benefit of the families who suffered from the fever took place here recently, and has been much in consequence of havi ng h a d the unusualpatro critici sed, nageofo English gentlemen who figured as its chief promoters. It was not countenanced by the em ba'sy or the Engliih r esidenta in Lisbon, who were naturally anxious to avoid bei ng id entif i ed w i t h so objec tit nable a mode of promoting a charitable obj .tct." Accounts from Constantinople state that the new Ministtr of Police Mehemed Pasha , has de finitively re-organised th e police of that ca pital on the French system. The c it y has been div id e d into four quarters, which will Le guarded b y 700 policemen ; patrols will, moreover, scour the streets every night. These measures had given general satisfaction to the population, and it is hoped that they will put a term to the crimes which have for so long a time b een prevalent in the Turkish capital. The health of the King of Wurtemberg, we are happy to learn, b eg i ns t o be re-established. The state of the Grand Duke Louis of Baden also no longer inspires any uneasiness. •