The Express.
London, England, 1863-03-30 00:00:00

THE EXPRESS, MONDAY EVENING, MARCH 30, 1863.

EVERYBODY KNOWS M. MILE& i
.a.A Mired Webb Mika RI:MOVED FROM TIONANTRIOIT
to Ta RSOOK-ITTURT Reaeverabaare, 11149
The Trousers by Wee) to Nl Ye New Pattern;
=Trim THAN

THE EXHIBITION of ALUMINIUM and
ALUMINIUM BRONZE
WILL OPEN APRIL I, ISM
2,000 SPECIMENS, ilhantrating ths appliesUon (OrnAmentsl
and Useful) of these interesting Metas,will be Eshibited on the
OTHERS* NEW ROOMS, 222, REOENT-STRELT.
rPrilNatßß
Adratadon by third.

SECOND-HAND PIANOFORTES.
cp,Amhy, BULL 'ad WOOD tip.. law sieortabeet
of looood-head Pleeofortee, by the 11051 etteestel sake", es
eerily redoced pekoe-201. Reseahetreel

gh, erprelso.

TO COSIMPONDIitiIit.
Advertisements intended tar The Ewen" Leodoo Itrenlog
Paper. must be at the odlea 10, boarerieetreek isl TWO
o'clock on the day el yablicattea.

HAYMARKET.
THIS swarm, OUR AMERICAN COMM. a—'.
110th•111 and Blackstone ; Kra K —MY AUNT%
ARMS. Mr. Rothenx sad in L mdlay.—And DOCK
RUN TING. Messrs. Farms sad Howe: Kra Wilkirm

LYCIUM.
ON IAI! MONDAY, A SIIDDRN ATTACK. Mews. Shore and
Wkddlecenb Mt Hewed. and Mn. Lee.—And TUN DORMS
MOTTO. Mem* Pechter, Msore. BrOtighara, and itaynaond
Mina C. Leekereq, K. Teem and Elsworthy.

BRITANNIA.
TWO trmotto, THE CODE RR OF LIONS. Yawn Reynolds,
Bird, Drummond: Mn.s T. TarimU.—JEANNIE DEANS, Mn.s
8. Lase.—And THE RETURN Or TRI WANDERER. Messrs.
Cranford, Pitt, and Bigwood.—Conanana ailaltpala 6.

BIOS MAUR AT LONDON MUM
Till DATwait's. la. isli.....miseassa. mi. Si.
To4sonow--.Nlandag. Db. 380.....Atlinises. is Oft

LONDON; MONDAY, MARCH 30.

IT was with • certain feeling of alarm that we
heard last week that the noble and learned persons
appointed to devise a form of monument to the
lamented PRINCE CONSORT bad another communi-
cation to make to the public. There was some-
thing like a desecration about the way in which
the revered name of the PRINCE had been asso-
ciated with failure after failure, and schemes which
his true taste would have spurned. The secret, how-
ever, has been told, and this time is not disagree-
able. The prospect of building a great room, of
no particularcharacter, ononeside of the Kensington
road, setting up a group of statuary on the other,
and then calling the lot an ALBERT Memorial, has at
length been relinquished. This is well, but not all ;
the Committee, in abandoning &foreign and fantastic
notion, have adopted a conception which has the
merit of being English and Christian. It is pro-
posed to build a monument in the form of one of
those touching memorials which an English Sove-
reign erected six hunired years ago to the memory of
a Consort who deserved his love—in the form of
the crosses which EDWARD I. reared at Northamp-
ton, Waltham, and elsewhere, to mark the spots
at which the funeral prozesaion of ELEANOR of Cas-
tile halted on its way to Westminster. We do not feel
that we are disqualified for judging of this decision
because we strongly recommended this form of
memorial at a time when it appeared certain that
a Pagan symbol would be adopted. Such a monu-
ment is in every way suitable. It befits alike the
nation which founds it and the character which is to
be commemorated. Prince ALBERT, as firm as any
man in maintaining the rights of the individual con-
science, was never ashamed of the Cross, nor should
the nation be which has advanced under that sign to a
degree of prosperity and happiness that has made
its Quante the most envied Sovereign on earth.
We are glad, then, that the PRINCE is to have •
truly English memorial. We will trouble the
Committee with only two suggestions. They have
wisely entrusted the execution of the project to
the best Gothic architect we have ; but let them
not impose any unarchitectural conditions on
him. We are told that the cross is to have an
elevation of nearly 300 feet, so es to be a very con-
spicuous feature in any distant view of the metro-
polis. Let the Committee take good counsel
before they come to • final decision on this point,
and beware of sacrificing too much to magnitude,
after the American manner. It is of more im-
portance that the memorial should be worth staying
to look at when reached than that its top should
be visible for ten miles round London. Another
thing to guard against is the mingling of
money compulsorily collected with that of the
spontaneous gifts of the people. A single stone
which represented • tax would change the cha-
racter of the whole fabric.

WE have recently called attention to the rapi-
dity with which the various States of the world
move in a ceaseless round of borrowing, as though
there never would be • time when it will become

necessary to think of repaying ; and several new
candidates are said to be even now contemplating
an appeal to our money market. It was casually '
observed in these columns last week that, of the
various accredited states of Spanish America,
Buenos Ayres occupies a favourably exceptional
position, inasmuch as she has made no
attempt to raise a loan since the period
when she adopted the proper steps for a resto-
ration of her credit. Bat, singularly enough,
the mall which arrived in the put week from
Buenos Ayres has brought rumours that the
advantage of raising a loan is occupying the atten-
tion of the Government, the end professed being
the remedying the defects of the currency—defects
which are now attended with a very injurious in-
fluence upon the commerce of the country. In all
probability, therefore, Buenos Ayres will soon
quit the abstinent attitude she now holds in the
money market. Again, the telegraph informs us
that the Government of the Danubian Principa-
lities is in treaty with English capitalists for a
loan of two millions sterling. In this case
the representation no doubt will be that
the Principalities have at present no debt, while
their existence and neutrality are protected by
treaties to which the great European Powers are
parties. Why, then, it may be asked, should not
the Danubian Principalities have their debt, like
States of larger pretensions t It is curiousto remark
that the securities in chief speculative favour at
the moment are the bonds of the unrecognised Go-
vernment of the American Seceded States, now
engaged in a struggle of life and death ; the bonds
of Greece, with a list of unpaid coupons extending
over the space of a full generation ; those of
Mexico, which are in a somewhat similar cate-
gory ; and Turkish Cunsolidds, or azizies, of which
it may be said that there is practically no limit
to their creation, though there is a very clearly
defined limit to the capability of the Turkish Go-
vernment to meet the interest upon them. At
such a time why should any State be de-
terred from trying its luck in our market?
Foreign loans, as a rule, partake more of the
nature of speculations than of solid investments,
and for this reason the character of their reception
depends entirely upon the state of the speculative
appetite.
According to advice. which we have received
from Paris, another loan is likely to be negotiated
in Western Europe at an early date by a Power
which most persona had imagined would not re-
appear in that capacity for a long time to come—

we mean Turkey. In financial matters it is evi. •
dently a mistake to hold to the principle of finality.
A Government issues loan proposals, which are
accepted, and it gets the money. Thereupon the
more cautions of the subscribers shake their heads,
and, even while they are pouring their gold into
its °offers, warn it that this must be the very last
application of the kind. The Government, on its part,
pockets and spends the proceeds, but does not quite
see the force of the prohibition, which indeed fades
entirely from its memory when the wolf is at the
door again. The reception given to the last
Turkish loan was certainly not of a character to
discourage the Government from trying again.
When the Turk saw our sober, gold-laden public
ready to trample one another to death in the
struggle for his promises to pay, how can he pos-
sibly have arrived at tho conclusion that he is to
have no more pleasant experiences of the same
sort I May he not, on the contrary, naturally
argue that, inasmuch as in allotting 8,000,0001. of
stock he rejected applications for more than double
that amount, there must still be a multitude of
people yearning for his securities, and that the
disappointed applicants for his last loan are of
themselves more than sufficient to bear a fresh
one on their shoulders I _ _ _

If this report be true, ands fresh Turkish loan
be brought forward in the markets of Paris or
London, it will of course be examined on its
merits, and with especial reference to the suffi-
ciency of the security proffered ; but the point to
which we wish particularly to draw atten-
tion at the present moment, though it relates
primarily to Turkish finance, has an important
and direct bearing upon the interests of the whole
body of English holders of foreign bonds. It is
understood that within the last few days a requisi-
tion has been sent in to the Committee of the
London Stock Exchange asking them to admit
Turkish Consolida to the privilege of official
quotation. This memorial will, it is said, be taken
into consideration by the Committee this day. It
would scarcely be too much to say that financial
people are staggered by the audacity of this re-
quest, which really emanates from a few houses
possessing a speculative though probably merely
temporary interest in the stock in question.
Great efforts have notoriously been made by the
Turkish Government to pay the coming dividend
on this paper, but it is equally well understood
that there would have been no chance of its doing
so except through the expedient actually adopted,
of raising a temporary loan for the purpose.
Those best aoquainted with Turkey and with the
undeveloped condition of its financial resources
entertain very little hope that the future dividends
on the home debt will be met with punctuality.
It is easy to understand the motives of the parties
who wish to give an increased currency at the
moment to this highly speculative paper, no matter
what may be the ultimate fate of the dividends.
The anxiety to establish a market for it in London
becomes still more intelligible if the very probable
rumour be true that additional issues of Consolides
will soon be made. But apart from the risks
attaching to this stock in particular—two of the
most serious of which consist in the present ina-
bility of the Poi Le to meet the dividends except
by borrowing, and in the practical absence of all
restriction upon the amount of the issues—the ques-
tion must be considered from a broader
aspect. The Stock Exchange, which acts in
some sense as the guardian of the interests of the
public as well as of its own members, has never
yet recognised or admitted the internal debts of
foreign countries. It is exceedingly undesirable that
it should ever do so, having regard to the intorests
of English holders, and to the necessity of exer-
cising some sort of control over foreign Govern-
ments. If the home debt of Turkey be admitted,
it will be inconsistent and very unfair to exclude
that of other States, including Peru, Granada,
Venezuela, Spain, and even Mexico. Everything,
we suppose, has its price, although that price
may be a trumpery one ; and if this pre-
cedent be once established, we may see bits of paper
representing 1001. of Mexican home indebtedness
dealt in at 11. 10s., or 31., or such other valua-
tion as the speculators may choose to put upon so
unstable a commodity. If needy and unscrupulous
foreign Governments, already rammed of the
power of creating home stock at discretion—or,
which is the same thing, in amounts sub-
ject merely to the authorisation of a cor-
rupt, subservient, or partisan legislature—
are to be empowered, in addition, to
put it upon the London market, the position
of the English holder of foreign bonds will be at
once shorn of its strength. Moreover, the door
will be opened to the machinations of a number
of unscrupulous foreign jobbers and their equally
unscrupulous agents, who will endeavour by every
means in their power to cajole the uniniaated por-
tion of the British public into exceedingly hazardous
investments. Believing that the appetite for
foreign securities needs no stimulus, we depre-
cate most strongly any action by the Stock
Exchange which may operate in so MIA
a direction, and we entertain a d:Edent
hope that the decision of the Committee will be in
accordance with the whole spirit of their traditional
and highly conservative policy. If a foreign Go-
vernment wishes to raise a loan in this market, let
it come here in a frank and oren manner, state
the sum it wants, and the terms and nature of the
security it offers, and define precisely the particulars
of the bonds to be created. We then know what
we are about, and what answer to make. But it
will be a bad day for thousands of Englishmen
who have invested some hundreds of millions
sterling in foreign securities, when the London
Stock Exchange formally decides to admit the
home debt of foreign States, even of those whose
finances—unlike that of Turkey—are in a sound
and satisfactory condition.

COMPLAINTS OF THI LAVE How. EAST INDIA
Cora: W's Aairr.—We are requested to state, for
the information of officers of the late East India
Company's army, that statements of their com-
plaints, and other communications which they may
wish to make on the subject for which the Royal
Commission of inquiry has been granted, should be
sent without delay to the address of Lieut.-Colonel
North, 11, King•street, St. James's-square, S.W.

VOLIINTIZA REVIEW AT BRIGHTON. —We
are requested to state that corps of Engineer
and Rise Volunteers, of which the attendance
at the review at Brighton on Easter Monday may
be sanctioned, should be furnished with 15 rounds
of blank ammunition per luau.

LORD PAMIRS/MN IN THZ NORTH. —Lord Pal-
norstoa arrived at Carlisle, on hie 'ray to Glasgow, at half-
rM.:6 o'clock oar Saturday evening. The Mayor of Carlisle
Mr. Irving) was preset on the platform to welcome his
hip to the molest border city, and the Lord Bishop
of Carlisle, aceasspeard by his lady, and the Very
Rev. the Dean of Corbels, were also in attendance to
greet the noble Iced an be pared. There was a crowd of
several hundred titiane at the station, and whet, Lord
Pelneentoe alighted to partake of refreshment he received
reenl meads of hearty applause, which the noble lord
asicsowledged frequently. Having hes. escorted back to
the train by the mayor hislordship proceeded on his journey
eta quarter to eaves o'cloek, amid the load darn of the
erembly.
Mn.. Horn., M.P.—We are glad to hear that the
health of Mr. Hope, of Lefler', 11L.P., has become so much
re.established by his rammed residence on the Continent,
that it is his intention to resume his parliamentary duties
very coca.—Baddinoto. Courier.

Int Court.

WINDSOR CASTLE. mom YR

The Queen, accompanied by the Princess of
Wiles, drove out yesterday el ternoon, attended by Lieut.-
Colonel the Hon. D. de Roe.
The Prince and Primates of Wake, attended by the
Conntees of If orton, the Hoc. Yrs. Braes, Lieutenant-
Gesseral Knoll; s, and Lientenant-ookeel Koppel, left the
Castle this morning at half-put 11 o'clock for Sandringham-
bell, Norfolk.
The Princess Helena, Princess Louise, and Prince Leo-
pold, attended by Lady Caroline Barrington and ,Lient
Colonel Hon. D. de Roe, went to Londos.
Prince Louis of Huse went to Wellington Collage, at-
tended by Captain Westerweller.

&MAT.

The Queen, PIiZIN) and Princess Lotus' of Hew, Priecess
Helena, Princess Louise, and Prince Leopold, the ladies and
gentlemen in waiting, attended divine service this morning
in the private chapel.
The Rev. Lord Wriothesley Russell preached the sermon

A deputation from the guardians of the Greenivieh Union,
introduced by Mr. Angerstein, M.P, and consisting of Capt.
Robertson, Mr. B. Carter (chairman), Mr. J. Cowen
(vice chairman), Mr. Tanner, Mr. Maslen, Mr. Lockyer, and
Mr. Saw (clerk), had en interview with the Right Hon. 0. P.
Villiers on Saturday, at the office of the Poor-law Board,
Whitehall.

Viscount Palmerston left London on Saturday for
Glasgow.
The Duke of Newoutle left town on Saturday for his
seat. Clamber Park, Notts.

Despatches were sent on Saturday from the Colonial-
aloe to the Governor of Canada and to the Lord High
Commissioner of the lonian Islands.

The Scotsman gives the following as the reply of
her Majesty to the deputation from the corporation of the
City of Edinburgh on the occasion of the presentation of an
address from that body on Thursday last :—" I receive with
great satisfaction your address of congratulation on the mar-
riage of the Prince of Wales, and I thank you very sincerely
for the loyal and affectionate wishes which you have ex
pressed for myself and my family on this happy occasion.
I join most heartily with you in the prayer that our beloved
son may have so profited by the careful training of his great
and good father, that he may prove not only a comfort to
hi sorrowing family, but a blessing to the country which
has testified such unexampled goodwill towards his bride and
himself."

We (Observer) are authorised to state that, after
the return of the Prince of Wake from Sandringham in
Apr 1, arrangenaents will be made, of which due notice will
be given, for the presentation to his royal highness of ad-
dresses from corporations and other public bodies. The
presentations of the addresses will be subject to regulations
similar to those which are observed on the presentation of
addresses to her Majesty at a levee.
Their Royal Highnesses the Duchess of Cam-
bridge and Prioress Mary, attended by Lady Geraldine
Somerset and Captain P. Cast, returned to their residence
at St. Jantse's Palace on Saturday, from visiting the Duke
of Rutland at Bobo& Castle. _ .

The Duke of Newcastle left town on Saturday
for his seek Clamber Park Notts.
The Duke and Duchess of Somerset have left
his grace's official residence at the Admiralty for Bolstrals
Park, Bucks.

The Duke and Duchess of Argyll left their villa
at Campion-hill. Heaaington, on Saturday, for Roseneath,
Dumbartonshire. _

The Duke and Duchess of Manchester, who have
been visiting the Duke of Rutland at Belvoir Castle, arrived
at Kimbolton Godle on Saturday, where they will receive a
large party during the holidays.
The Marquis of Sligo has taken a residence in
South-street far the season.

The Earl Granville left town on Saturday for
imbolton Cantle, on a visit to the Duke and Duchess of
nockeeter.

The Earl and Countess Russell and Lady
Georgkine Russell and family left town on Saturday for
Pembroke Lodge, Riolunood Park, for the Easter recess.
The Earl and Countess of Shaftesbury and
family have left Groevenor-umare, for their seat, Bt.
Giles's, Doreetehire, for the holiday..
The Earl and Countess De Grey left Carlton-
prdess on Saturday for Studeley Park, war Ripon, for the
Fester holidays.

Lord Broughton entertained a select party at
dinner on Saturday at his home is Barkeleyeamare._.
..

The Right lion. B. Disraeli and Mrs. Disraeli
have left Grosvenor Gate for Hoglund's Manor, for the
holidays.
The Right Hon. Sir Robert Peel, Bart., M.P. ,
left town as Saturday for Pere, os his way to his chateau
at Geom. Lady Emily Peel is expected to arrive at
Gwen to-day from Nice, and will in all probability return
hops with Sir Robert the week after next, her ladyship
having regained her health.
Colonel the Hon. W. P. and Lady Emma Talbot
leave the Earl of Derby's town residence in a day or ao for
Paris, to pass the Easter holidays.
Viscount Maynard is suffering from very indif-
ferent health. The venerable peer is in so low a condition
that it is feared bet slight hopes can be held out for his
recovery.
• • "• • '

The' Countess of Lincoln was safely delivered of
a daughter at 116, Piccadilly, on Saturday.
By an order of the Lord Chancellor the Chan-
egg vacation commences to-day, and will terminate on the
Bth of April, both days iaclusive.
The corporation have voted 250 guineas for the
gold casket in which the freedom of the City is soon to be
promoted to his Itlyal Highnees the Prince of Wales. Oat
of thirteen competing designs for this casket, one in the
Cinque-ceoto style, sent in by Mr. Benson, was selected on
Saturday, and the work ordered to be completed forthwith.
The casket is not to be, as heretofore, a mere lump of pre-
cious metal, but will be an exquisite specimen of enamel and
jewelled work, miniature oorooete of the Prince and Princess
carefully jewelled, in perfect imitation of the originals, our-
mounting the top of this costly coffer.
_ _

.
We (Salisbury Journal) are glad to hear that Mr.
Botherou Esteourt is expected home ia May. All the MN
COMAS which have lately been received give reason for hope
that the right boo. gentleman's health is gradually im-

- -
Mr. H. W. Wickham, M.P., in a letter to the
Short Time Commßtee at Bradford, states that Mr. Baxter
hem quietly withdrawn his factory bill.
A return has been made to parliament of a letter
from the chairman of the Great Ship Company to the Post-
master-General, protesting against the renewal of the
Galway subsidy, and praying that at any rate the company
receiviog the subsidy may be restricted to Galway as •
' port of departure 11134 not of cell only.
During the year 1862 British salmon to the
value of 41,8571. was exported from the Gaited Kingdom.
August and September are the months in which the largest
quantity is exported.
THE NEW CANDIDATE FOX THE THRONE or
Grams —We read in the Mositeur of yesterday :—" Pri-
vate letters from Copenhagen explain the origin of the can-
didature to the Greek throne of Prince William of Den-
mark. The Main Prince has jut paid a visit to London,
on the occasion of the marriage of has sister, the Princess
Alexandra, to the Prince of Wales. Earl Russell is said to
have profited by this circumstance to open up negotiations.
Prince Christian, the father of the new candidate, offered no
objection to the overtures of the minister, but iusiated, as •
preliminary condition, upon the consent of King Frederic&
VII. of Denmark to this oeodidature." The Mosireur adds
that the King is said to have declared that it will afford
him much satisfaction if the young Prince is accepted by
the Greek people.
THE EMPREOR NAPOLEON'S PRIVATE SECRETARY.
—Oar Paris correspondent, wi Ring on Saturday evening,
aye :—" lam inured in a quarter which I have generally
found trustworthy, that H. Mocquard is no longer the Em-
peror's private secretary. This, however, is • piece of news
of such importance that I must give it under all reserve.'
Even if true, it is a fact of that clam whin is always denied
up to the very moment when it becomes ofßeial. H. Moe-
guard has seemly been out of the Fasperee's mesas far
an hour ever sines the coup d'etat. He has bus his °n-
atant amanuensis, and, in messy eases, the sosspeeee of hi
speeches sad letters. A change would he • real political
neat, aeonse for which would be eagerly 'squired after.
lam told that H. Mocquard's suessesor Is M. Drury, an
ex-professor of the Bohm and Henry IV. Colleges, who
has for some time past given valuable assistance to hie
Majesty in the composition of his ' History of Julius
Caw.' "

manes to-day has been a very great nooses. Park,
from the Madeleine to the pillars of the Place du
Tr6ne, has worn the aspect of a fate an day long.
The various equipages from four-in-hands to donkey
carts reminded one forcibly of London on a
Derby morning. The new race course is situated
at the far end of the Vincennes plain behind the
Doujon, where the artillery is in the habit of exer-
cising. It occupies (in great part) the site of the
famous Camp of St. Maur, where all Paris went to
see the army of Solferino before it made its tri-
umphal entry into the capital. From the grand
stand there is a magnificent view of a beautiful
part of the environs of Paris, and (which is more to
the present purpose) the view it commands of the
whole course of the steeplechase is far superior to
La Marche. It is to Viscount Artus Talon princi-
pally that the conception and realisation of
this very great addition to the attractions
of Paris is due. He laid out the course,
and obtained from the Emperor permission
to nee an imperial farm which lies at the extremity
of the Vincennes plain. I believe that, as far as
numbers go, nothing like the present racing gather
ing was ever before seen in France. I heard •
universal exclamation that one part of the course,
where there was a labyrinth of carriages, reminded
one of the hill at Epsom. The Faubourg St.
Antoine shared largely with the aristocracy in the
enjoyment of the day. The ground is so disposed
that people who pay nothing may see very nearly
as well as the 20 francs company on the grand
stand. The trees in the forest of Vincennes
which lined one aide of the course were filled with
men, thick as birds in a rookery, and no serrate de
vale attempted to interfere with them. The sport
was suspended fur a long time in expectation of the
Emperor and Empress, who were expected, but,
from some yet unexplained cause, they did not
come. The Duke and Duchess de Morny occupied
the imperial tribune. The first race, the Vincennes
prize of Io,ooofr. besides entries, was a capi-
tal one. There were twenty-seven leaps, in-
cluding bullfinches, brooks, poste and rails,
hedges, and ditches. A beautiful grey mare,
named Anricula, belonging to M. Deavogues,
ran neck and neck with the Colonel of Viscount de
Namur during the first half of the course (6,000
metres). These two made all the play to them-
selves for a long time. But at last Auricula was
beaten off, and the Colonel, followed closely by
Avalanche (Baron de Mesnil) passed the win-
ning post after a most exciting contest. There
were two minor events, but I was obliged to come
away in order to send you this hurried and most
imperfect account of a very interesting event.