The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1862-01-07 00:00:00

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NOTES OF THE WEEK.

RESS AND AGRICULTURAL GAZETTE, rigspAY, JANUARY 7, 1862.

the character of the prisoner. Considerate
Emperor, Very!
The notorious Nana Sahib, it is reported, is at
last in custody. He was captured at Kurrachee,
wkile endeavouring to escape from the country.
He was disguised as a merchant, but was
recognised and identified by one of his former
servants. By the intelligence brought by the
India Mail we also learn that the murderer of
Major Burton is to be hanged at liotah. Col.
Baird Smith is returning home on account of
ill health; and Mr. Laing had arrived at
Calcutta.

I Garibaldi has issued another warlike declara-
tion to his compatriots in Genoa. In a letter to
the Rifle Association of that city, of which he
has accepted the presidency, he exhorts them
to prepare themselves to take up arms, "for
the moment approaches when you will have to
give fresh proof of your valour." From the
tone which Garibaldi's recent letters and
speeches have assumed, it certainly appears very
probable that the spring of 1862 will witness
rene*ed commotions in sunny Italy.
The effects of the panic which took place in
the money market on the receipt of the news
of the Trent outrage have now entirely disap-
peared. Consols, which during the first week
of the excitement fell from 921 to 891 have now
recovered their forraer figure, the closing quo-
tations on Saturday being 921 1. As relates
to the dividends, they, during the present week
will throw an unusually large amount into the
hands of the public, and the bullion in the
Bank a England is daily increasing, it is pro-
bable that a reduction in the rate of discount
to 21 per cent. will shortly be announced.
The cotton market, however, has shown re-
newed excitement, owing, in some degree, to
the diminution of a likelihood of a war with
America. Had war taken place between the
Northern States and England, the latter would
of course raise the blockade of the Southern
ports, and cotton would be brought to
this country in abundance. Should there be no
war, and the blockade be continued, even pith
working short time, by the middle of the sum-
mer every mill in England, Scotland, and Ire-
land, it is said, will be stopped from actual want
of the raw material. Such being the case, three
millions of the people will be deprived wholly,
or in part, of their daily bread. It is obvious
enough, therefore, with such a prospect before
him, the Chancellor of the Exchequer must be
very moderate in his estimates of revenue,
next session. An impoverished and starving
population in the cotton districts will consume
but little beer, tobacco, sugar, tea, or fruit, and
we should hope not so much spirits as usual.
The assessed taxes will be slightly affected, and
schedule D will unquestionably fall off. On
the whole, it is to be feared the coming year
cannot fail to be a disastrous one both to the
artisans, capitalists, and the financiers of Great
Britain.
The Pope has drawn a parallel between himself
and the King of Italy, and King David and his
rebel son Absalom. He has but a small band of
faithful adherents left, and his possible
withdrawal into the wilderness is fore-
shadowed. Be retires but to return to
his realm's integrity, whilst the fate of the
usurper is thus prophesied:—David would have
saved his son, but God was determined to
punish him, and you all know how that miser-
able rebel perished. In like manner God, in his
justice, will avenge the persecutions and out-
rages under which the Church is now sufi'ering."
A glance at The ithirait orKineVictor is suffi-
cient to show how peculiarly liable he is to the
fate which befel Absalom.

Mr. Ayrton, the member for the Tower
Hamlets, in an addreu to his constitnents, the
other day, characterised the Trent affair as a
"great wrong inflicted upon us by the Northern
States," and ridiculed the idea of arbitration.
He had received communications advocating
that course for the solution of the difficulty but,
he said, "you cannot arbitrate the existence of
a kingdom' or the independence of a people.
Even the Society of Friends, if asked to arbi-
trate the question of Church-ratee would say,
we will arbitrate everything with the rate,
provided we are only independent of the
obnoxious tax." The handle which the New
York press has made of the speeches of Mr.
Bright and others, and the articles in the leading
columns of the Morning Star, and the
impression they have created in America that
England is divided in opinion on the subject, has
caused even the Daily News, one of the strongest
supporters of arbitration to modify its tone.
An article in Saturday's paper concludes as
follows :

"In such • crisis woe are now passing through, it is
impossible for us to be quite so cosmopolitan as to for-
get that England is our country, and that English
rights and interests are the nearest and dearest to
English public writers, IPA to the rest of their fellow-
countrymen ashore or afloat. It is in this spirit that
we earnestly condemn the policy of dividing English
opinion on the previous question of national honour, or
representing it as divided. Oar Government has
addressed a demand to the Cabinet of Washington as
moderate and eon ciliatory in form as it is decided in
substance; and having done this, it has aright to count
for something on the strength and imposing appearance
of strength a hich coulee of rational union even more
than of vast material resources, in supreme emergencies,
when the hand is on the sword-hilt, but the heart is
still for peace."