The Sun. — London, England, 1856-01-23 00:00:00

CAMBRIDGE UNIVERSITY ELECTION.-- The following Gentlemen form Mr. Dem msn'e London Committee (with power to add to their number). E. H. Bunbury, Esq., F.R.S., late Fellow of Trinity Col lege Chairman. The Rev. J. G. Lonsdale, Trinity Canon of Lichfield, Seo cretary to the National Society, &c., Vice-Chairman. The Rev. H. A. Alford, late Fellow of Trinity College. D. T. Ansted, Esq., F.R.S., late Fellow of Jesus College. C. Babbage, Esq., F.R.S., F.L.S., arc., Trinity College. W. F. &d ' on Esq. ' St. John's College. M. B. Begbie, Esq., F e llow of St. Peter's College. The Rev. J. W. Blakesley, 8.D., lite Fellow of Trinity College. John IBA Blunt, Esq., Trinity College. J. T. Bowstead, Fan., late Fellow of Pembroke College. Rev. W. H. Brookfield, Trinity College. Douglas Brown, Esq., Trinity College. T. B. Burcham, Esq., late Fellow of Trinity College. Charles Beaton, Esq., Trinity College. The Rev. Burgh Byam, late Fellow of King's College. The Rev. A. M. Campbell, late Fellow of St. John's College,. George Chance, Esq., Trinity College. E. S. Creasy, Esq. late Fellow of King's College. C. de la Pryrae, Esq.,: Trinity College. The Hon. R. Denman, Trinity College. The Hon. and Rev. L. W. Denman, Magdalen College. W. C. D. Deighton, Esq., Fellow of Queen's College. T. F. Ellis, Esq., F.R.S., F.R.A.S., late Fellow of Trinity College. F. Ellis, Esq, Trinity College. The Rev. J. G. C. Fussell, Trinity College. T. E. Headlam, s eq ., M.P., late Fellow of Trinity College., Arthur Helps, Esq., Trinity College. M.P., Trinity College, Edward Holland, Es q ., J. Jervis, Esq., Trinity Hall. W. Jones Loyd, Esq., Trinity College. The R ev . B, H. Kennedy, D.D., late Fellow of St. John's College. J. A. Kinglake, Serjeant at Law, Trinity College. R. G. Latham, M.D., F.A.S., late Fellow of King's College. L. H. Law, Esq., late Fellow of King's College. Effingham Lawrence, Esq., late Fellow of Trinity College. J. G. Shaw Lefevre, Esq., F.R.S., late Fellow of Trinity College. John Locke, Esq., Trinity College. C. B. Locock, Esq., Trinity College. The Itli",t Hon. T. B. Macaulay, M.P., F.R.S., late Fellow of Trinitars . thllege, H. tbo- 1 -4' • Mains Esq., L.L.D., late Regius Professor of Lavas. A. T. E sq., Trinity College. C. H. Maltby, Esq., Trinity College. Horace Mansfield, Esq., late Fellow of Trinity College. W. W. Pearson, Esq., Trinity College. R. Perry, Esq., Trinity College. C. J. Preston, Esq., Downing College. The Right Hon. Sir John Romilly, Master of the Rolls, Trinity College. The Right Hon. Sir Edward Ryan, F.R.S., Trinity College. J. Miller Surethurst, Esq., Trinity College. C. G. Smith, Esq., Clare Hall. The Hon. W. Spring Rice, Trinity College. The Hon. C. Spring Rice, Trinity College, John Sylus Esq. Fellow of Pembroke College. W. J. Tayler, Esq., Trinity College. Tom Taylor, Esq., late Fellow of Trinity College. Martin Thackeray, late Fellow of King's College. Henry Thring, Esq., late Fellow of Magdalen College. The Rev. C. J. Vaughan, D.D , Head Master of Harrow, late Fellow of Trinity College. C. M. Vialls, Esq. Trinity College. H. W. Watson, Es q., Fellow of Trinity College. J. Weetlatte, Esq., Fellow of Trinity College. The Rev. Rotero Whiston, late Fellow of Trinity College. The Hon. Mr. Justice Vaughan Williams, Trinit3, College. The Hen. Sir William Page Wood, late Fellow of Trinity College. J. Woolley, M.D., late Fellow of St. John's College. J. Worlledge, Esq., late Fellow of 1% inity College. F. T. Wroth, Esq., Fellow of St. John's College. E. Yardly, Esq., late Fellow of Magdalen College. SALE OF STORES. THE Principal Officers of her Majesty's War Department h reby give Notice, that a quantity of Old Wood and a Standing Crop of Reeds will be sold by public auction in the Royal Arsenal. Woolwich, on THURSDAY, the 24th January, 1856, at eleven o'clock in the forenoon precisely. Catalogues may be had at the War Department, Pall-mall, and Royal Arsenal, Woolwich. THEATRE ROYAL, ADE LPHL—Grand MORNING PERFORMANCE.—On FRIDAY next, Jan. 25, by general desire, and on this the first and only occasion, a Grand Morning Performance of the Burlesque and Comic Panto mime of JACK AND TIIE BEAN STALK; or, Harlequin and Mother Goose at Home Again. Jack and Harlequin, Madame Celeste. Mother Goose and Columbine, Miss Wyndham. Clown, Mr. Garden. Pantaloon, Mr. C. J. Smith. Doors open at half-past I ; commence at 2, and conclude at 4 precisely. THEATRE ROYAL. II tYMARKET. Under the Management of Mr. Buckstont. TIIIB BYENIWG. SHE STOOPS TO CONQUER. After which the New Comic Christmas Pantomime. entitled THE BUTTERFLI"FI SALT. AND THE GRASSIVTPEIVS FE AST ; or, flarlegnin and the Genius of the Spring . . To c n lode with ONLY A HALFPENNY, RGY PRINTCE4 I / 4 V4 CHEATItE, OVFORD-iTRICE r. Under the Management of Mr. Cneatel Keen. THIS EVENING. The Tragedy of HAMLET. 'Hamlet by Mr. C. Kean. After which, AItLEQUIN AND TUE MAID AND Tan MAGPIE ; or. the Fairy Paradisa and Hanky Panky, the Enchanter. Harlequin, Mr. Cormac% ; Clown. 'Jr. ; Pantaloon, !dr. Pluto ; and Colum'Ane, Miss Caroline Adamq. ractrag ROYAL ADELPiII. Proprietor, Mr. R. Webiter.—Directregs, Madame Celeste. THIS EVENING. DOMESTIC ECONOMY. A ffer which, unoENr PRIVATE AFFAIR 3. To conclude wit ACK AND THE BEAN STALK; or, Iltarlaqula and Mottict Goose at Home Again In which Memrs..T. Bland. P. lledfbril, Madame Celeste, Mks Wyndham, and Mils E. Arlen will ap,ear. ROYAL SURREY THEATRE. Lessees. MC3319. Shepherd and Creswlek. TUIS EVENING PARIS IN 1792. To conclude with A PRINCE Or ; or, Ilarieluln and Zane Elhor!,. ROYAL 01,1r4PIC TEM tTRE. Li isee and Manager, Mr. Alfred Wigan. TFTIS P.:TENTIAIII THE JEM.OU3 WINE. After which will be produced a New and dnubly•moral. theugb acelalvely old, Melodramatic Fairy Extrava7anza, entitled bISt;ItEET I'IWU3C34; o-, the Three Gl.ui In which Mesani. Emery, F. Roblan, 11. Cooper, Misi Itaratoi, in.l Hiss Maskell will appexr. ASTLErS ROYAL. ANPHITHEATRIC, to!~ ftnil Mancrer, Mr. Wm. Cooke. ' FIVE GRAND JUVENILE NIGHTS, by particular desire. THIS EVENING, A Grand Equestrian Comic Pantomime, called lIARLEQUIN AND t3T. GEORGE AND THE DRAGON; or, the Seven Cham pions of Christendom. After which the unequalled Exhileition of EQUESTRIAN ART to the CIRCLE, includinz the performance 01 Miss Kate Cook, la leur de r Arene. The sagacious Elephants will appear. To conclude with the faithful portraiture of one of the most popular Romances ever written called ROOK WOOD; or, TURPIN'S la DE to YORK. Hex-office open from Eleven till Four. Stage Manager, Mr. W. West. Egeestrian Director. Mr. w. Cooke, jun. MGR WATER AT LONDON BRIDGE. T 414 DAY--Motii. 52 min. aft. 2—Evening 8 inin.aft. T 28 min. aft. 3 —Evening 14 min. aft. THE WEATHER—SUN OFFICE, JAN. 23. THERMOMETER, IN THE SHADE. 50 -highest since noon yesterday. 42—Lowest this morning and during the night. 53 —this day at noon. BAROMETER, 29.39. WIND, W.S.W. to W.N.W.—Weather very variable ; rain in the morning and now flue sunshine. • LONDON, WEDNESDAY, JANUARY 23, 1356. It is said that two questions of paramount, if not vital, importance are now under discussion at Vienna, one relating to an armistice, the other to the venue of the forthcoming Conferences. Under the first bead there are three sub-divisions :- Ist. Whether there is to be any truce or armis tice. 2d. On what terms is it to be managed ? and, 3dly, How long is it to last ? If the views we have already repeatedly put forward be cor approaching t o , or even b ear i ng t h e rect, anything semblance of, a suspension of hostilities, would be highly prejudicial to the interests of the Western Powers. If Russia be sincere in her professions —if she be really desirous of saving the further effusion of blood—or averting the enormous evils incidental to a state of War, she has it in her power to do so. Let clear and unequivocal in structions be forwarded to her representatives to avoid hair-splitting discussions, and to be pre pared to close at once with fair and reasonable pro positions, without unnecessary procrastination, or awaiting additional authority from St. Petersburg. if anxious for an honourable peace she will confer plenary powers on those in whom she can safely confide, and will at once sanction the arrange ments entered into by her Pl enipotentiaries ! At present the state of the weather is the best secu rity against active operations. General Winter commands that all the belligerents shall for the time being "drop their . 4 'lords and dagpn," ! well as all other offensive weapons. We are bound over in unquestionable securities to keep the peace for at least two months—a time amply suf ficient to bring every disputed question to a de cisive, if not a satisfactory, conclusion. Nothing more can be required between parties anxious in all truth and sincerity to arrive at an understand ing. Whatever may be said or written, we can not prevent Russia from carrying on her prepa tions for a protracted contest ; and, as we have already explained, she will play with a full know ledge of her opponent's hand, because she alone can tell whether she is herself sincere in her pro- THE SUN, LONDON, WEDNESDAY EVENING, JANUARY 23, Vi 56. fessions. There should, therefore, under any circum stances, be no formal armistice. It is, as we stated yesterday, " the unholy thing that should be avoided with intense horror," which would, indeed, afford presumptive evidence that the inte rests of the Western Powers would be unhesi tatingly sacrificed to the secret and sinister influ ences that were enlisted in the Muscovite cause. A diplomatic armistice is, then, impossible, it the Allied Powers are fairly represented ; and, if so, the second and third divisions of the First Point no longer require discussion. But where are the conferences to be held ? In what locality are these all-important discussions to be conducted ? There is an insuperable objec tion to Vienna. We have already witnessed with shame and indignation the changes produced in the mind of one of whom England once was proud —who failed in the trial to which he was sub jected ; and, by an act of political felo de se, vir tually destroyed his existence as a statesman. We should, not expose any new plenipotentiary to the ordeal under which Lord JOHN RUSSELL so signally failed. Some other less trying locality should be selected as the scene for future diplo matic, tournaments. We should also take care that Prussia shall take no part:in the controversy. She has already cautiously abstained from anything calculated to identify herself with the Allied Powers, and, in so doing, has unequivocally abdicated her posi tion as one of the leading Powers of Europe. In so doing she has clearly foregone any possible claim to be represented at the conferences. Her sympathies and leanings are so notoriously in fa vour of the AUTOCRAT that her admittance could only operate in favour of her good friend and ally, the nephew of " the Angel of Peace, the exemplary Clicquot," who might be au ex cellent co-operator in a convivial symposium, in which, as in the olden time, a man with whom " You could drink in the dark," and who was certain never to shirk the' bottle, would be an acceptable companion. But too weighty matters are now at stake, and FREDERICK WILLIAM must abide by his first determination, and keep him self in every degree aloof from the contest—either in the field or the Council chamber. The chief thing to be avoided is procrastination. We have already suffered too much from wilful delays and " waiting for orders" when the acceptance by Russia of Austrian Proposi tions was even more decisive than at present, and when there were fewer points for discussion, and, consequently, less loop-holes for evasion than at present. Parliament will meet in little more than a week, and Government should, be yond all things, avoid committing itself until the opinions of both Houses, and of the leading mem bers of the hereditary and representative branches of the Legislature, can be obtained. Then it may negotiate on the most satisfactory and constitutional grounds, with the approval of those authorised to a great degree, if not abso lutely, to give expression to popular feeling. If the security of a camp or fortress had been achieved under circumstances of peculiar difficulty by the use of a military weapon, what would be thought of the commander who, when the ewer • gency had passed away for a time, wantonly de prived his followers of the well-tried instrument whose utility had been so clearly established, and that without providing any adequate substitute ? The natural conclusion would be that be had formed a treasonable plan for delivering over his troops into the bands of the enemy. No rational excuse could be offered for so grave a mistake — madness or treachery would be the only alter- native. But those who have controlled the monetary affairs of the nation have exhibited a similar act of insanity, or something still worse. A. national bankruptcy was averted in 1825 by the acciden tal discovery of a box of 1/. notes ; about 1,500,0001. whereof were put into circulation, and which at once allayed the panic that pre viously prevailed. " The gold of the Bank was drained to within a very few thousand pounds. * * * A certain Saturday night closed with nothing worth mentioning." Such was the state ment of an unexceptio9able witness, the late Lord ASHBURTON, who also describes the almost miraculous effect of the remedy so judiciously adopted—" The relief was immediate," said his Lordship; " the country received a circulating me dium in which everybody had entire confidence, and the useless gold was returned to the Bank ! " The formidable difficulty was surmounted by a liberal issue of paper not based on bullion, and chiefly of 1/. notes. And can not it be credited that one of the earliest acts of those thus provi dentially rescued was entirely to prohibit all notes for less than 51. ; and subsequently to im p•se very stringent restrictions on the circulation of notes of any denomination beyond a certain specified amount, unless based on specie locked up and deposited in the cellars at Threadneedle street ? This reckless and indefensible policy has on many occasions produced the utmost misery to the industrious classes ; has converted those who ought to be the creators and producers of national wealth into unprofitable consumers —has over thrown many solvent houses, and consigned whole families to tie tender mercies of the union work houses ! What reasonable or valid objection can even the most inveterate bullionist offer against the use of the smaller denomination of notes ? Why are not five 1/. notes as good to all intents and Purposes as a single 5/. note ? They will be far more convenient for all the purposes of every-d ay life, and, if based on the same securi ties, will be just as valuable as what "Mercator " might consider the more orthodox currency. An eminent L ou d on ‘ Banker once told us that their chief objection to 11. notes was, that in case of a run one hundred people with 1/. each would be as bad in the lump as if they represented one or two hundred thousand pounds,for the cro w d was all I We replied, that may be all very well for a company, but there can be no run upon a National Bank note, for which the country is responsible. Else why trust it with upwards of eight hundred millions ? His answer was a shrug of the shoulders I In Scotland and Ireland they have continued in use, and are fully appreciated by the people. Our sagacious and clear-headed brethren beyond the Tweed seldom see a sovereign in their business transactions. If received from some wandering tourist it is speedily paid into the nearest bank, or exchanged, on the first favourable opportunity, for the despised one-pound notes. The more ix- pulsive inhabitants of the Emerald Isle are equally decided in their predilection for small notes ; and if the tendered sovereign be at all worn a discount is generally demanded. The superior convenience of paper is thoroughly recognised in both the sister kingdoms, and so it would be in this country but for the senseless and ridiculous prohibition of that which would prove a very convenient me dium of exchange—the best possible measure and representative of bona fide value. On Monday we pointed out the extraordinary effect produced on the Money Market by even the ru mour that it was in the contemplation of Govern ment, on the suggestion of the Hon. Gentleman the member for Westbury, to issue twenty millions of national one-pound notes, which should be received in liquidation of all taxes and duties payable to the Exchequer. The mere whisper of a project in every respect so beneficial to the country, led to an immediate improvement in all the quotations, and probably exercised no incon siderable effect in maintaining the buoyancy of the Money Market. It is no recent suggestion of Mr. WILSON'S. While desirous of maintaining the convertibility of the Bank note he clearly ex hibited the absurdity and injurious consequence of the groundless prejudice entertained against the use of one-pound notes. Long before he became connected with the Ministry, before even the commercial crisis of 1847, he declared " that no more danger can exist with respect to one pound notes than those of five pounds, by the system which he advocated, while at least twenty millions of capital would be liberated immedi ately from an unproductive use, and rendered available for the purchase of food and raw mate rials for the employment of our population, and for all the purposes to which such an increase of capital could be applied," and expressed a firm conviction that, in the then difficulties in which the country was placed, " a mere prejudice, founded upon the adoption of false principles, half a century ago, would not be su f fered long to remain between the country and such a boon." These are the opinions of one of the ablest bnl lionist writers. A man of much sounder judg ment than " Mercator," or any of the preju diced or interested advocates of the Act of 1844. He did not seek unduly to extend the circulation by the issue of inconvertible notes, but, as he declared, "to substitute paper, payable on de mand—the instant and immediate convertibility of which should be secured by a sufficient reserve of gold coin, and the remainder in Government Secu rities—for the gold now performing the purpose, which such paper would do equally well." The Hon. Gentleman, then estimated the sove reigns iu daily use at fully thirty millions, of which he calculated that at least twenty millions could be liberated by the issue of one-pound notes ; and he inquired, " Who could doubt the safety of paper to the extent of 50,000,0001., guaranteed by English Consols to the extent of 34,000,0001. and gold to the extent of 16,000,0001. ?" Adding, " While, therefore, at present we economise the capital of the country by the use of five-pound notes and upwards to the extent of 14,000,0001., we would accomplish the same to the extent of 34,000,0001., or 20,000,0001. in addition, by the use of one-pound notes, and with the most perfect safety. We should thus immediately add to the effective capital of the country, to our stock of commodities, or, which is the same thing, our command over them, to the extent of 20,000,0001., just as much as if we dug that amount of bullion out of the centre of England, in the same way as France will add to the - amount of her capital by extending her issues from notes of the amount of 201. to thoiA of 51. ; and in the same way as Russia has, by the law of 1839, accumulated in the fortress of St. Peter's and St. Paul's bullion or capital to the extent of 19,000,0001." As to the proposed one-pound note he said— "No better security could be offered. No more absolute representative of real capital, or a command over it, could be found in this country. No one doubts the security of Cousol warrants or bars of gold, and surely no credit, based upon such un deniable representatives of value, could be con sidered as undeserved or subject to abuse." We have thus pointed out the views of Mr. WILSON, clearly and distinctly exhibited nearly nine years ago (in May, 1847), when unbiassed by any party predilections or Ministerial exigen cies. The relief which be so ably advocated is far more urgently required at the present time, when we are engaged in a fierce contest, and the national demands on the tax-payers are so greatly enhanced. By maturing, extending, and carry ing into practical execution his sagacious project, he will enable England to maintain the struggle in which she is engaged until it can be brought to a satisfactory conclusion, and to curb the pride of Russia without occasioning unnecessary suffer ing to her industrious children. The " domestic institution" of the United States, or to give its branded appellation, " Slavery," rankles like an envenomed shaft in the body politic, and threatens, if not dissolu tion, a speedy and dangerous crisis. It is to this cause the strange spectacle of a legislative assem bly, after weeks of debate, being unable to com plete its introductory business, viz., the election of a President or Speaker, is ascribable. Accord ing to the rules and regulations of the House an absolute majority of votes is necessary to the appointment, and, so far as we know, no candi date, to this hour, has been able to command such majority. Already the patience of President PlERCE—though that is not saying much—has been exhausted, and, contrary to all pre cedent, his Message has been thrust on a Congress without a head, and the problem now is how much longer the patience of the majority of the American public will bear the infliction. The circumstances which have given rise to this remarkable political conflict may be briefly stated. Some thirty years ago it was resolved that a per manent geographical boundary line should be drawn between the Slave and Free States, Cali fornia and other States being classed by the operation of that measure among the latter, and Oregon, New Mexico, - Utah, and Minesota as "terri tories"—an intermediate and probationary condi tion. The design of this resolution was to effect a final settlement of the slavery question —a question even then pregnant with serious danger to the well-being and stability of the Union. How far the measure failed to produce this result the sub sequent history of the United States sufficiently shows. A fierce conflict of opinion, increased by . the slave States obtaining the power of recapturing runaway slaves upon free soil, has been waged, until at length the latter infamous enactment was openly resisted, and the Nebraska Act came to bring the question to an issue. By a provision of that act it was left to the citizens of Nebraska, a new " territory," to decide for themselves whether their soil should be a free one or not. To prevent the institution of so detestable a sys tem as slavery on an unpolluted soil, and restore as far as might be the lost balance of power between the two descriptions of States, became a paramount duty, in the estimation of the outraged lovers of freedom ill the Northern States Societies were formed, money was subscribed, and emigrants pledged to give effect to their wishes by voting the territory " free soil" were despatched in such abundance as to give the Free Soilers of Nebraska a clear majority. The day of election came, and to the world's wonder a large body of the more desperate slaveholders of Missouri, a neighbouring State, invaded Nebraska, and insisted on having their votes received at the poll. The result was the Slavers were in a majority, and on the meet ing of the Legislature Nebraska was declared a Slave St ate. The existing Governor refused to acknowledge a Legislature thus constituted. President PIERCE was appealed to, and he, being at the time fishing for southern votes, and pledged neck-deep to the slave party, repudiated the act of his own nominee, dismissed him from his post, and appointed a zealous slaver in his stead. The Northern States indignantly denounced the whole procedure, and laughed to scorn the impudent assertion of the friends of General PIERCE, that the Missourians had done no more than themselves, and that he had done his duty in adopting the acts of the existing Legislature, however constituted. The Free-soilers of Nebraska have taken up arms in vindication of their rights ; the Slavers of Mis souri are prepared, or preparing, to meet them, and a small military force of the Union is taking up a position between the two parties to prevent, if tley can, a collision—practically, to look on merely and see fair play, or join the stronger. This state of things involves imminent danger to the republic, and it is to prevent the discussion of the affair in Congress that the delay has taken place in the appointment of a Speaker. Armed with the consciousness of a good cause, the Free soil party are anxious to bring the question to au issue which, in the present state of the public mind, is the very last thing the Slave party would have. In the meantime the Know Nothings, who could decide in favour of the Free-soil candidate, remain neuter, and division after division testifies to the determination of the hostile parties. How it will end we know not ; but, whether the Free soilers are defeated or no, slavery will, before long, be abolished in America, or the States will cease to be united. SUSPENSION OF HOSTILITIES BY RUSSIA. ---•- We believe that authentic intelligence has been received from St. Petersburg that, on the 18th inst., the Emperor despatch e d an order to the Rus sian Generals in the Crimea to suspend hostilities. This important public step argues the sincerity of Russia's desire for peace—a desire which we hope may soon be gratified on complete and sufficient conditions. At the same time, it is only right to observe that the acceptance by Russia of the Aus trian ultimatum does not justify us in yet suspend ing hostilities. We must ourselves sign prelimi naries of peace before we can abstain from acts of war. It is also but fair to remark that, at the pre sent season of the year, an order to suspend hosti lities, where none can go forward, amounts to a mere formality. As such, however, it is indicative of the anxiety which no doubt exists at St. Peters burg to commit us to a pacific course. We cannot, however, forget that all that is now peaceful in the aspect of affairs is purely owing to our past successes and our present preparations, and that, if we would be sure of peace, our wisest and safest course is to continue our active exertions until we sign with Russia the preliminaries of a Treaty —a step which will, ipso facto, be succeeded by a cessation of hostilities.—Morning Post. THE NEGOTIATIONS. The acceptance of the Austrian ultimatum by Russia was only notified by telegraph last Thurs day, yet actually the newspapers and the public are galloping to a thousand-and-one conclusions which a moment's reflection would show to be premature. In the very first place, the Cabinet of Vienna will have te receive its official despatches from Count Esterhazy, communicating the particulars of the Russian acceptance ; it will then have to address the Cabinets of Paris and London, informing them of what has occurred ; upon that, they will have to deliberate and come to a resolution. But as the despatches from Austria, above indi cated, can hardly be received for two or three days to come, it is evident that some moderate degree of patience must be exercised by the public, if they would avoid falling into error.—Morning Post. Her Royal Highness the Duuchess of Kent, attended by Lady Fanny Howard and Sir George Cooper, ar rived in town yesterday morning from Frogniore. Her Royal Highness paid a visit to the Duchess of G'ouces ter, at Gloucester-house, and in the afternoon left Lon don on ber return to Frogmore. Their Royal H'ghnemes the Duchess of Cambridge and the POncess Ma. y have arrived at their residence at St. James's Palace, from Cambridge Cottage, Kew. The Duke of Cambridge visited the Duchess and Princess shortly after his return from Paris, yesterday. His Royal Highness the Count of Flanders arrived at Dover on Monday evening. After making a brief so journ at the Lord Warden Hotel, his Royal Highness, accompanied by Capt. Burnelle, and Mr. E. T. Latham. proceeded on board the Belgian royal mail packe Topaz, Commander Picard, which sailed at 8.45 p.m., for Ostend, The Marquis and Marchioness of Exeter have, during the past week, entertained Viscount Grey de Wilton, the Dowager Lady Clinton and Hon. Mises Seymour, Lady Frederick Bentinck, Lady Anne Beckett, Hon. Capt. Egerton, Colonel and Mrs. Wood and Miss Low ther, Hon. W. E. Freke, Mr. Augustus Stafford, M.P., Lieutenant Mitchell, and a largo circle at Burghley house. On Wednesday night the noble Marquis and Marchioness, accompanied by Lady Mary Cecil and Lords Edward and Henry Cecil, and the distinguished party staying at Burghley, attended the Dorcas ball. The Marchioness (Dowager) of Ailesbury has removed from Tottenham Park to Savernake Lodge, where her ladyship will remain about a fortnight and then come to town. The Marquis and Marchioness of Ely purpose leav ing town for Paris at the close of the month. The Earl and Countess of Derby and Lady Emma Stanley are expected in St. James's-square on Monday, from Knowsley. Viscount and Viscountess Milton left Milton Park, near Peterborough, last week, to visit the extensive family estates in Ireland. The noble viscount comes to town the week after next for his Parliamentary duties. Viscount and Viscountess Guillamore, we regret to learn, have sustained a severe domestic bereavement, by the death of their only son, the Hon. Standish O'Grady. Sir George Grey left town yesterday for Windsor Castle. The Great Western Royal Hotel is full of company, Jenny Lind (Madame Goldsohmidt) has a suite of apart ments in the house. QUEEN'S HOTEL, UPPER NORWOOD.—The following have been recently staying at this establishment : —Cul. Smith and Mrs. Smitb, Mr. Bosworth, Mr. Jamieson, Mr. Jervis, and Capt. Hoghton. The Countess Frances Waidegrave left Nuneharn on Saturday last for Trentham, on a visit to the Duke and Duchess of Sutherland. tier ladyship goes to-day to Lady Catherine Harcourt's, at Buxtecl. Mr. Harcourt came to town from Oxfordshire on Saturday. The Countess of Airlie was safely delivered of a son and heir, at Florence, on Sunday last. We are glad to learn telegraphic accounts have been received by her ladyship's mother, Laiy Stanley of Alderley, which an nounce that Lady Airlie and tl - Ae infant are going on favourably' The Earl of Ellesmere arrived in town yesterday morning, and in the afternoon left for 'Windsor Castle, on a visit to her Maj'sty. The Earl of EglintAnis expected in town on Monday, from Elinton Castle. The Earl of Dunraven was to have left his seat, Adare Manor, in Ireland, on Saturday last, for Wales, in order to he present at the nuptials of the Hon. Windham W. Quin and Miss Tyler, daughter of Admiral Sir George Tyler, M.P.,,which are appointed to take place this week. The mortal remake of the late Countess (Dowager) of Erroll have reached town from Edinburgh, and are to be placed beside thoQe of her husband at Wimbledon. THE FATAL EXPLOSION AT LEA BROOK.—Ti!e jury have returned a verdict of "Accidental death ;" express ing their opinion that the explosion Wa 4 caused by the want of water in the boiler, occasioned by the neglect of the engineers. The jury thought men more competent to fill so responsible a position should be appointed to have the care of steam engines. THE QUESTION OF THE SITE OF SMITHFIELD MAR KET.—Yesterday, in c msequence of a requisition, signed by five of the members of the Board of Works for the Westmirkstor Distri7t, a meeting was held at the Board-room of the Workhouse, corner of York-street, "to receive and c 'milder a statement from Mr. Alex. Wright, member of the Metropolitan Board of Works, relative to a communicatio❑ from the Goverminent, re specting the appropriation of the site of Smithfield to a dead market." Mr. Wright having made a statement, and several gentlemen having addressed the assembly, it was resolved that the meeting declined at present in the absence of any information to express an opinion upon the subject of tha appropriation of the eite of Setaithfitad market. LATEST NEWS. SUSPENSION OF HOSTILITIES. We have just received a letter from Paris, which informs us that an armistice has been agreed upon by the belligerent parties, and that the do cument was signed yesterday in London. BERLIN, JAN. 21, EVENING. Letters from St. Petersburg state that orders were sent off on the 18th to General Gortschakoff to suspend hostilities in the Crimea. The general is expected without delay at St. Petersburg, to be invested with the functions of Governor of Poland. It is generally expected here that an armistice will be concluded between the belligerent Powers. BERLIN, JAN. 22. The Journal de St. Petersbourg of the 21st inst. has the following : In consequence of the general desire of Europe, the Russian Government has not wished to delay the work of conciliation by entering into negotia tions of detail, trusting that her moderation will be duly appreciated. It is stated as positive that the decision of the Russian Cabinet in favour of peace was exceed ingly sudden, and was unexpected in very high official quarters in St. Petersburg. The Russian residents at Vienna, and the per• sons connected with the Embassy there, had made every preparation for departure. There is every reason to believe that Prussia will be invited by the Allies to join the next Con- ferences. Prussia will have, however, to give her adhe- sion to the Austrian propositions, and to lend her assistance, to the same extent as Austria, to enforce them, if the negotiations should fail. If Russia should recede now, we may look for a general coalition of the German Powers against her. MADRID, JAN. 20. The Gazette publishes the decree which concedes the Saragossa Railway to the French Grand Cen- tral Company. The Cortes yesterday adopted the bills for the Credit Mobilier and the Bank of Spanish Capi- talists. We learn from Vienna that the Austrian Go- vernment has steadfastly set its face against a con tinuation of the war. All the journals have been ordered to express their confidence that the nego tiations will lead to a treaty. The Donau, for expressing doubts of their successful termination, has been seized and confiscated. THE WAR IN ASIA. A letter from Constantinople of the 10th in the Gazette du Midi„says : "The war in Asia is assuming disquieting proportions. According to the last accounts General Mouraviefi, after leaving a garrison in Kars, and sending his materiel to Gumri, has advanced towards Erzeroum, and is at pre sent at only an hour's march from the town. A letter from that town says :—` Communications are intercepted by the cold, and the Turkish troops collected at Erze roum have only a small store of provisions. If the Russians invest Erzeroum as they did Kars, it will be impossible to send stores into the place by force, the rigours of the season preventing the march of a corps-d'armtie cf any importance. Erzeroum, being badly fortified, would therefore be forced to surrender in less time than was required to reduce Kars.' Whilst the enemy is thus turning to ac count the advantages of his situation, we learn from Redout-Kalil that the army of Omer Pacha is in a state of complete detnoralisation. The populations of the ter ritories which it passed through in its march on Kutais and its retreat on Batomn were constantly hostile to it. The privations it ht s to suffer are extreme, and all the generals who took part in the campaign of Onv,r Pacba, seeing that the affair is becoming a had one, are slcces sively abandoning their post to return to Constantinople. Their presence in this capital increases not a little the recriminations which are made in all parts. The Mi nigry and the Allied Powers are accused, in order to justify Omer Pacha ; and the Ministry accuses Omer Pacha, in order to justify itself, and at the same time it does not refrain from accusing the Allied Powers. The reproach made against the latter is that they kept the Ottoman forces in the Crimea much too long. Tnis accusation, however, is more specious than well founded. Oiner Pacha lost more time than was necessary in h►s preparations for relieving Kars, and the Imperial Go vernment was able to send sufficient forces to Kars at the moment they were required. Omer Pacha, on his part, accuses the Ministry of not having sent him with sufficient rapidity the necessary provisions and materiel. This accusation, however, is not well founded, for Cul. Simmons himself has declared before the Ministers of Marine and War that the Government displayed all de sirable activity. As to the Western Powers, they join the Porte in accusing Omer Pacha for not having fol lowed the plan decided on at Constantinople, and ac cording to which Trebizoad or Batoum was to be the starting-point and the base of operations. It will be in vain for Omer Pacha to allege that the want of sufficient roads in the direction of B down prevented him from going there ; this cannot justify him for having thrown himself into Imeritia, from which there is no issue." FRANCE. PARIS, TUESDAY. To-morrow evening a very interesting ceremony will take place at the British Embassy. His Excel lency Lord Cowley will distribute to a limited number of French naval and military officers the Order of the Bath, which her Majesty has thought proper to best©w upon them for their distinguished services in the field and on the sea. Sir Colin Campbell, Sir A. Woodford, and Colonel Clare mont, her Majesty's Military Commissioners in Paris, will be present on this occasion. The whole party, together with all the Knights of the Bath who may happen to be in Paris, are invited to dine afterwards at the Embassy. The following is the list of the French officers who will receive this honour : KNIGHTS GRAND CROSS. Pierre Joseph Francois Bosquet, General of Division Regnault de St. Jean d'Angely, General of Division. KNIGHTS COMMANDERS. E. C. de Mortimprey, General of Division. Adolphus Niel, General of Engineers. Joseph Dulac, General of Infantry. J. B. C. Delesme, General of Infantry. Count Amirel (Navy). E. Mellinet, General of Division. OFFICERS OF ARMY AND NAVY. COMPANIONS OF THE ORDER OF THE BATH. E. C. M. Espinasse, General of Division. R. Paris de la Bollardiere. J. J. Gaston Cler, General of Brigade. C. F. L. de Lorencz, General of Brigade. Castor de Champeron, General of Brigade. Yelvin De Bdville, General of Brigade. A. C. F. J. Marnbque, General of Brigade. A. C. V. Reille, Lieutenant-Colonel. J. E. M. Forgeot, General of Brigade. Luis Desuleau de Malroy, Lieutenant-Colonel. Noel Comignan, Colonel. Palthes de Bomret, Colonel. Felix Charles Douay, Colonel. J. F. Gagneur, Lieutenant-Colonel. L. P. A. Pothnau, Captain of Navy. G. de Rochebouet, Colonel of Artillery. The Paris journals, having exhausted their views on the subject of the Austrian ultimatum, are silent, whilst awaiting further accounts of the pro gress made in the negotiations. The Debats, how ever, offers some observations on the Eastern ques tion, which, if they are not characterised by much originality, have at least the merit of being well - timed. We extract the following " Europe has taken the engagement to ameliorate the political and social condition of Wallachia and Moldavia This engagement will be fulfilled. If the Principali ties fall once more under Turkish domination, then will speedily become Russian in heart and spirit. There, as in all the East, it is by the polit , eal and social amelioration of the population that Russia must be re pulsed. The day when the East feels that it escapes be coming Russian it will no longer attempt to become so. Look at Greece; she may have loved the Russians a, enemies of the Turks—she will not have them for mas ters. Her independence separates her for ever from Russia. We must make the same remark for the Principalities. The day when they commence to have a better social position they will cease to in• cline towards Russia. Ail that Europe can bestow upon them in prosperity and independence will se parate them the more from their ancient protectors. The characters of the stipulations of the peace of 1,06 will be profoundly impartial arid will . proceed either from English nor French interests, but from interests of Europe. It is thus that peace is so suitable in France. Everybody will admit that in the Eastern war France had no particular interest at stake but solely a European one. In peace she has likewise only Euro pean interests, and therefore we may say, without na ional vaiiity, that the peace is entirely French. The French Government had wi h skill desired it so, and we doubt not will also defend it with firmness, and cause it to prevail in the negotiations. . . . Good for the pre sent and for the future, the peace will be the protection •,f the East against Russia, and the most solid guarantee of European equilibrium, which will be consolidated on our side without injury to the other. But, iu order that the peace of 1856 be proportionate to the hopes it engenders, it must be based on the alliance of England and France. This alliance has caused the success of the war, and can alone bestow efficiency on the peace. If this ?alliance be disturbed, then the peace of 1856 will have been but a skilful move of Russia to de stroy by peace that alliance which she could not destroy by war. But let this alliance remain as it is— sincere, then will the peace have reached the aim pro jected by war ; it will have defined to Russian ambition its limits, leaving to it its part in the civilisation of the East, without allowing that power to seize the lion's share ; denying to it Constantinople because that town can alone belong to an eastern population, and ought never to serve as an offensive fortress for any of the European powers." We willingly contrast this moderate language with that indulged in by some of our contemporaries, whose late remarks have admirably served the pur poses of Russia in weakening by their unautho rised suggestions the sincerity of the alliance. The Moniteur says ;—" Regular depots of mus kets, intended for the supply of ship-owners who carry on a barter-trade with the western coast of Africa, are now established by the French govern ment at Nantes, Bordeaux, Havre, and Marseilles, where these fire-arms will be supplied at prices which will enable merchants to compete with the English and Belgian makers. Guns mounted in white wood will be charged to the dealers 10f. 50c. ; red wood, 9f. ; and black wood, Of. Merchants receiving supplies have to specify the ship on board of which the articles are to be sent, and give an engagement that they are only to be used in the barter-trade." " The Countess of Neuilly," says the Gazette du " has had a relapse. Iler ordinary medical attendant, who was in Paris, was immediately sent for, but could not quit the capital in consequence of the illness of his father. Dr. d'Astross, of Mar seilles, was then summoned in his stead." BOURSE, Jan. 22, Two o'clock.—The beginning of the market was very dull, and prices looking flown, as the sales of RAntes for immediate transfer were again numerous. But a rapid rally took place, as a telegraphic despatch from St. Petersburg an nounced that, on the 18th instant, the Czar had sent orders to General Gortschakoff to suspend hostilities. The Three per Cents. were &me from 67f. 45c. to frf. 80c. The Mobilier from 1,405 f. to 1,430 f. Half past Three.—Prices kept looking up to the close. The following are the last, quotations : Cash. fr. e. End of Month 4i per Centr 94 25 —l. -C. 3 per Cents 67 50 67 90 New Loan 6B 25 Bank Shares 3250 Roman Mobilior 1430 Austrian Belgian Fives — Spanish Threes..... Piedmontast (5) B5 Home Debt RAILWAYS—TOR CASH. fr. c. c. Orlqans Northern Lyons. - New Ditto 772 50 ktediterranean l3OO Grand Central 590 Lvons Geneva 7OO Test() Cette RUSSIA. The Invalide Busse publishes the following ex traots from Prince Gortschakoff's journal'of military operations from the 14th to the 20th of December, (26th of December, 1855, to the Ist of January, 1856) : cc Th e state of things in the Crimean peninsula has not changed ; on the left flank of our position the chain of outposts on either side continually attack each other. On the 17th (29th) December, a party of French riflemen having stealthily crept down between the bushes as far as th e hill of the lighthouse, struck into the direction of Kourene, and opened fire against two of our companies. Some carbineers from the latter replied with suc cess to the enemy, and compelled them to retreat. " On the 18th (30th) of Dec., the allies having remarked that a reinforcement had been sent to Colonel Oklobjio's outposts in the pass leading to the valley of Baidar, beat to arms, and sent sharp shooters to the hill of the lighthouse ; the fusillade which ensued on this point lasted for half an hour. " On the 19th (31st) of Dec., a loud explosion was heard on the south side of Sebastopol, near the Malakhoff Tower, and two other explosions fol lowed in the dry docks. On our side we continued. to throw shells against the camp pitched on the' Fedukhine heights. The bursting of the projectiles against the huts and tents annoyed the enemy. " From Eupatoria, under date of the 19th (31st) of December, it is reported that 16 squadrons of French cavalry, with two pieces of horse artillery and a division of infantry, had left the town and taken the direction of the village of Saki, preceded by an advanced guard of two squadrons. Major Dimitrieff, of the dragoons of his Imperial High ness the Grand Duke Michael Nicolaievitch, who commands this portion of our advanced posts, hav ing apprized the advanced guard of the advance of the enemy in superior force, he commenced re treating on Saki and Tchebotar, pursued by the French, who threatened his right flank. " Major-General de Mitton, in command of the advanced guard, informed .f this movement, placed his Cossacks in the plain between Lake Saki and Tchebotar, and sent two sotnias of the 55th Regi ment to the village of Tonzla, in the rear of the enemy's squadrons, which had detached themselves and had meantime been joined by two other squa drons; the enemy received by the fire of the Cossacks placed in the ravine, threatened with being turned by the detachment from the village of Touzfa, and seeing two regiments of dragoons and a battery of horse artillery appear on the Tchebotar heights, hastily rejoined the main body, near Saki, and half an hour afterwards returned to Eupatoria. During the pursuit of the retreating squadrons by the CossackF,, the French Captain Fouques, of the Staff, was made prisoner." AUSTRIA. VIENNA ? Jan. 19.—Th e Vi enna di p l omat i sts are still occupied in discussing th e con diti ons o f t h e armistice which is to be concluded, but nothing is likely to be definitively settled until the prelimi naries of peace, with the signature of the Russian Government attached to them, have arrived from St. Petersburg. A Russian Cabinet messenger is expected to arrive from St. Petersburg on Wed nesday, the 22d. Prince Gortschakoff yesterday had an int erv i ew w ith C oun t Buol, but it is be lieved that he has not yet met Sir Hamilton Seymour and M. de Bourqueney in council. General Count Stackelberg will have an audience of the Emperor to-day. Prince Gortschakoff is said to be indisposed. . - The general impression here is, that Rus s i a would not have yielded if her internal affairs had not been in a very precarious state, and the Militeir Zeitung thus insinuates that things are not e xac tl y as they ought to be in the Russian army in the Crimea : " It is not clear what considerations induced the Rus sian Government to give such an unexpected and satis factory declaration. We are inclined to attribute the complaisance of Russia to the energy of our Govern merit, and will, therefore, not attach too much impor tance to communications received from the Crimea, in which it is hinted that the spirit of the troops is such as to give cause for well-founded alarm. We must suppose that our correspondent has judged of the feeling of the whole army from the conduct of D. small part of it, as we have the highest passible opinion of the discipline of the Russian troops." THE BALTIC. Letters from Copenhagen of the 14th inst. speak of three English steam corvettes having just lately arrived there from England, for the presumed purpose of capturing any Russian craft that might be tempted by the mild weather and open naviga tion to steal home from the ports th a t h ave af forded, them shelter during the recent blockade. One of these three steam corvettes left Copenhagen on the afternoon of the 14th inst., sailing south wards, that is to say, taking her course for the Baltic. One of these corvettes seems to have been the Driver, Captain Warren, who landed and re paired to the British mission. DENMARK. The Folkthing (Second Chamber) of the Danish Diet elected on the 16th, in the room of Count Knuth de Keuthenberg, deceased, M. Brunn, one of its members, and a judge of the Supreme Court, to the post of member of the High Court of Justice of the Kingdom, which is about to try th e im peached ministers. M. Brunn, however, declared that he could not accept the honour done him, and a new election was ordered to be proceeded with the next day. But at the next sitting, when M. Brunn arrived, a letter signed by forty-one of his colleagues, entreating him to accept his nomina tion was presented to him ; and, after some hesita tion, he yielded to the wishes so expressed and withdrew his resignation. SPAIN. The Madrid journals of the 17th have arrived. In the Cortes on the 17th, M. Sandoval and other deputies brought forward a motion declaring that the explanations given on the previous day by the Duke do it Victoria, respecting the recent minis terial modifications, were not satisfactory, and not in accordance, with parliamentary principles. The motion was then put to the vote, and rejected by 145 to 57. The following is the text of the Duke de la Victoria's speech in the sitting of the Cortes of the 16th : " Gentlemen—There has been a modification in the Cabinet, and I shall now have the honour of informing the Cortes of the motives of that step. A duty of deli cacy and patriotism has placed six Ministers under the nece-city of giving in their resignation, that it might not he said they kept office, although their presence in the Cabinet might to a certain degree paralyse the Govern ment. The Queen has accepted the resignation of three ; but has not judged it expedient to accept that of the others. This is the tree motive of the Ministerial mo dification, and I fulfil my duty in informing the Cortes of what has taken place. I shall repeat on this occasion what I have already had the honour of declaring to the Cortes on other occasions, namely, that the intention of the Cabinet so long as it is presided over by me, is, as it has ever been, that of upholding liberty, developing the prosperity of the nation, causing the laws to be re spected, and repressing with a firm hand the excesses of those whose object it may be to infringe them." The receipts from the private electric telegraphic despatches between Spain and France during the eight months the lines have been opened have amounted to more than half a million reals. THE TALLOW TRADE. We had the gratification, on Friday last (observe Messrs. Smith and Charles), of communicating to you the intelligence that in well informed commercial circles peace was regarded as little less than certain. During the last three days that oonviction seems rather to have increased than diminished ; at the same time it must not be forgotten that we have to deal with the most subtle of adversaries, and, therefore, till everyt hi ng i s finally settled, absolute reliance on the issue is out of the question. Enough of probability as to the result, however, exists to render it necessary for us to place be fore you our views as to some of the principal changes to be looked for in our market from the altered circum stances in which it is thus suddenly and unexpectedly placed. As a general rule the price for delivery in the third, fourth, or fifth month of the year, is as much higher than the price for the first two months" as the article costs to hold ; and this may be pronounced to be the natural order of things otherwise the re wou ld b e no motive for holding. But this order of things has, during the last few months, been reversed, and the price for delivery in April to June (for instance) has been 4/. to 51. per ton under that for January and March. It is impossible to avoid all reference to the speculation that has been entered into for January or March, and which has undoubtedly enhanced this difference. Having said thus much, we proceed to observe that a difference in favour of the early months of the year compared with the later was to be expected from the unnatural position of the export trade of Russia occasioned by the block ade. When the season for forwarding tallow overland from St. Petersburg terminated, it was a matter of calculation how much could reach this country by the 31st of March. And, taking into account the stock in London and the probable consumption, it was concluded, not unreasonably, that high prices must pre vail during the first three months of this year. Hence that delivery became a favourite period for the specula tor. It was calculated, moreover, that the tallow left over in Petersburg at the close of last season, and a con siderable quantity from the interior which under ordi nary circumstances would have been forwarded to St. Petersburg in the spring, and thence in July or August shipped from Cronstadt, to arrive here in September or December,. could be despatched overland directly the winter road to the, Prussian ports had been established, and that such tallow would find its way to this country between April and June. To some extent, no doubt, this business has been entered upon, and the tallow suf ficiently far advanced on the road will be hurried for ward with all possible speed. But the rumour of pease will suspend all such operations preparatory to the re turn of the traffic to its ordinary channel by sea, should the rumour usher in the hoped-for reality. As to con sumption, so long as the present uncertainty continues it will be curtailed as much as possible, and this ten dency will be increased in the ratio of the excess in the price of tallow on the spot compared with that for future delivery. This paralysis of trade will not be confined to our business. Every trade has been more or less affected by the war. The claims on our Government fora speedy termination of the negotiations is, therefore, of the most urgent character, and we fervently hope that not one hour's unnecessary delay will be tolerated by the allied negotiators in dealing with the Russian diplomatists. With the return of peace a general and unprecedented activity in all trades, save those which have grown out of, and been fostered by, the war, may be confidently expected, and as the consumption of tallow has been re stricted for some weeks, and is likely to be still more so till the present uncertainty is over, a large and con tinuous demand may, we think, be-looked for during the second half of the current year. RETIREMENT OF MR. MACAULAY FROM PARLIAMENT. The following farewell address by Mr. Macaulay was published to his constituents in Edinburgh yesterday (Tuesday) morning : 6 ' .To THE ELECTORS OF EDINBURGH• " Gentlemen,—Very soon after you had done me the high honour of choosing me, without any solicitation on my part to represent you in the present Parliament, I began to entertain apprehensions that the state of my health would make it impossible for me to repay your kindness by efficient service. During some time I flat tered myself with the hope that I might be able to be present at important divisions, and occasionally to take a part i❑ important debates. But the experience of the last two years has convinced me that I cannot reason ably expect to be ever again capable of performing, even in an imperfect manner, those duties which the public has a right to expect from every member of the House of Commons. "You meanwhile have borne with me in a manner which entitles you to my warmest gratitude. Had even a small number of my constituents hinted to me a wish that I would vacate my seat, I should have thought it my duty to comply with that wish. But not from one single elector have I ever received a line of reproach or complaint. If I were disposed to abuco your generosity and delicacy, I might, perhaps, continue to bear the Honourable title of Member for Edinburgh till the disso lution of the Parliament ; but I feel that by trespassing longer on your indulgence I should prove myself un worthy of it. I have therefore determined to dissolve our connexion, and to put it in your power to choose a better servant than I have been. "I have applied to the Chancellor of the Exchequer for the stewardship of the Chiltern Hundreds, and I have every reason to believe that the new writ will issue on the first day of the approaching session. This notice will, I trust, be long enough to enable you to make a thoroughly satisfactory choice. " And now, my friends, with sincere thanks for all your kindness, and with fervent wishes for the peace, honour, and prosperity of your noble city, I for the last time bid you farewell. " London, Jan. 19." T. B. MACAULAY. MAJOR-GENERAL WINDRAM: A lithographic portrait of this distinguished officer, whose name will ever be honourably associated with that last disastrous assault of the Redan, has recently been executed by J. H. Lynch, and printed by M. and N. Hanhart, for Messrs. H. T. Cook and Son, of Warwick, by whom it has been published. The gallant General, now Chief of the Staff, is represented in a sitting posture, contemplating some object at a distance. Whether the portrait is a likeness or no we are unable to judge, not having seen the original. This much, however, we can say for it—it is admirably executed, and strikingly adumbrates the nobler qualities which have won General Windham fame and entitled him to the gratitude of his country. Chivalrous daring and well•tempered huma nity and discretion may be read in the lines of the por trait as in the career of the hero of the Redan. The portrait, so far as we can judge, is deserving of a large sale, and will doubtless be eagerly sought after by all the admirers of chivalrous gallantry and self-devotion whose means enable them to purchase it. THH pHEESE3IONGERS'_ BENEVOLENT INSTITUTION.- A. ball in aid of the funds of this excellent institution took place last night at the London Tavern. Upwards of 300 persons were present in the splendid ball-room, and the arrangements, which were under the superin tendence of Mr. Simpson, the respected secretary, were complete. The dancing was kept up till long after the "small hours" had commenced. This, like many other charities which honour this great metropolis of London, is not sufficiently known. It was established in the year 1835. The society have now on their books 35 pensioners. To the males pensions of 241. per an num each, and to the females 181. each per annum, are paid. For these purposes the charity expends, including sums for tempor ,ry relief, &c., nearly 7,000/. per annum. They have 10,0001, invested in the funds. Since its establishment the society have had nearly 100 pension. ers ; and among the recipients of their bounty have been one or two cases where the parties had once carried on business to the extent of 1,0001. a year as Dutch mer chants. We are informed that the trade is a very un certain one, inasmuch as change of weather will affect the prices and value of butter (among other articles) to an extent which persons who are unconnected with the trade would scarcely imagine. NOVEL AND IMPORTANT DECISION UNDER THE NEW BILLS OF EXCHANGE ACT.- —At the Judges' Chambers a decision of considerable importance has been given under the new Act on Bills of Exchange and Promissory Notes. A plaintiff named Smith issued a writ in one of the MI NI/riot' courts against a defendant named Evans on a promissory note for 131. 58 and costs. The defendant's attorney took out a summons to stay the proceedings upon the payment of the del,t without the costs, on the ground that the parties resided within the same County Court district. The application was opposed, and it was urged that the new act authorised all actions on bills and notes to be brought iu the superior courts irrespec tive of the amount. Mr. Justice Crowder was of opi nion that such was the law, although he thought with others of the judges that there had been an oversight or omission in the framing of the act. The plaintiff's at torney submitted that it was very important that a de cision should be given on the point in reference to other cues. The learned judge decided that the summons must he dismissed, thereby establishing the principle that in all cases on bills of exchange and promissory notes under the new law, the proceedings may be by writ of summons in the superior courts. By the new rules, costs are allowed in all cases under the act. I,oi liget Po Spitfl Wet] ward Ami n bar, Sa (*.to and 1 (L), . Sa ford bad( M( The with rates c Surats estima Araeri, tion) Surat, Mar ke was tr; the hid The cre ep , the art foreign pose o that th import an add value s in orde ad val( levier' E ing two decree 'which ] th e cm The custom th ere ii and thi a satisf /MR 59, 1854. import: and lat decreas to 1,301 ataouni vice thi Rands 1 1854, Acco of 30 v f rorn tb further Week a aow it retnaie f The Turkisl namely ttored Dut c h 96 1• Russiai namely are urn 6 1) Gr Cents. The Stocks: 201 55; Pa 3 Per ( Certifti A de tithe 1 ifi actiN _ • A Sto c Propoi and th Cobi euba kligtra are fla BAIT] t ank Si Per (Ji 'Der C “ 4 „, 3 , I st evr Lon g Ditto luols Etch £1 £5 9% Ditto PRIM kaailit butelt bitt . ertivi for RN Az Lon( Sa Cale, A Mad Be rl Cap K tin s 9ar. T AsB