The Express.
London, England, 1864-10-24 00:00:00

THE EXPRIBI3,

land in 1847 and 1857, and there is, no doubt, I
considerable analogy between the two miss. It is
worthy of remark, however, that the mere eztsn-
aion of the note issue was sufficient in England,
but that this relaxation was inadequate in Brazil,
and that a suspension of specie payments and
other measures were required. The difference is
easily accounted for by the relative progress of
commercial knowledge in the two countries.
_ .

It is a further satisfactory proof of the general
soundness of our present trade, that the Brazilian
crisis has been so little felt either in London or
LiverpooL Looking at our extended commerce
. .

with that part of the world, it is impossible to
suppose that some loss has not been inflicted on
merchants here. So far, however, it seems to have
been easily borne, notwithstanding the adverse
appearance of the money market and the general
uneasiness that has so long prevailed, and although
it might have been expected that the reoent events
in Brazil would have had an effect on the public
mind like that produced by the suspensions in the
United States in 1857, though less intense. If,
on the one hand, the Brazilian difficulties were
not to be compared for magnitude with those
of that disastrous year, still it may be urged
that they have occurred at • far more
critical period. In all these cases the great
question to be considered is the moral effect. Even
now, although the Bank rate is as high as 9 per
cent., there is such an abundance of money that
loans can be obtained on the Stock Exchange at
almost nominal terms. Hence it is apparert that
the existing difficulty of getting discounts is attri-
butable entirely to apprehension rather than to
an actual want of loanable capital. There are
good grounds for believing that this apprehensive-
ness is on the wane, particularly when we find
that the Brazilian crisis has been lightly disre-
garded.
In one respect, however, there is some ground
for caution, if not for misgiving. The decline in
our cotton market cannot fail to act in India with
somewhat of the same force that it has acted in
Brazil. If in the latter country there has been
overtrading, it is to be feared that the same
may also be affirmed of Bombay. We have yet
to learn the full effect that may be pro-
duced by the coarse of prices at home. For some
time past the extraordinary prosperity produced
by the diversion of the cotton trade has excited a
spirit of speculation in India which, without great
care, may turn out disastrous. The many new
companies that have been started in the East have
necessarily absorbed • considerable amount of
capital, and have therefore left a smaller margin
to meet the eventuality of loss. In England the
majority of subscribers to joint-stock undertakings
come from the general public, but in India the mer-
cantile world have generally • proportionally
larger share. From all present indications, how-
ever, there does not appear ground for supposing
that very serious difficulties will arise on this
score, and at all events, from the prudence that
characterises our present trade, we may hope that
the worst that can happen will be a moderate and
probably easily sustained loss.

Int Court.

BALMORAL, Oct. 21.

The Queen and Royal Family were prevented
from going out yesterday morning in consequence of the
unfavourable state of the weather. Her lEajesty went out
for a short time in the afternoon, attended by the Hon.
Emma Lear:eller.

Om 72.

The Queen, accompanied by Princess Helena, and attended
by Viscountess Jocelyn, drove yesterday to the Lynn
of Quoich.

A deputation from the Staffordshire and Derbyshire
Audit District, introduced by Mr. Aldermen Copebusd,
M.P. ; Mr. H. R. Grabill, M.P. ; Viscount lugestre, /LP.;
and Mr. W. Murray, M.Y. ; and consisting of Mr. A. J.
Worthington ; Mr. H. L. Johnson (Leek Union) ; Rev. W.
Peach, Mr. C. Rotherham ; Mr. G. Harleburet (Chester-
field Union) ; Mr. T. I. Twemlow (Newcastle-under-Lyne
Union) ; Mr. E. Wedgwood, Mr. J. IPltityre, Mr. J.
Lowades (Wolstanton and Bnrelem Union) ; Rev. D. Vaw-
dray (Haswell Union) ; Mr. J. Dimmock, Mr. J. Hulse
(Stoke-upon-Trent Parish) ; Mr. W. R. Hollsnd (Ash'
bourne) ; Mr. W. Worthington, Mr. W. Hopkins (Button-
upon-Trent), and Mr. W. G. Twigg (Harsh= Local Board
of Health), had an interview on Saturday with the Right
Hon. C. P. Villein, at the offios of the Poor-law Boards
Whitehall.

Despetchee Were sent on Saturday from the Colonial-
office W the Governors of the Bahamas and Canada.
The Lord Chanesilor will naive the Judges, Qmemes
Counsel, &a., ►t his lordship's nektons. No. 1, Upper
Ilydelmrk-gardens, on Wednesday, the 2nd of November
next (the brat day of Michaelmse Term), at 12 o'clock.

Her Majesty the Queen and the junior members of
the Royal Family are expected to arrive at Windsor Castle
shortly before 9 o'clock on Thanday morning next.
VISIT or THE PRINCE or WALES TO KNOWSLEY
AND Lrrrttroot. —We have authority for statist, that his
Royal Highness the Prism of Wales will visit the Earl of
Derby, at Knowsley Hall, towards the middle or latter end
of next month. His lordship will not receive visitors until
the Prince arrives, and the hall is now undergoing such pre.
parations as are necessary for the fitting accommodation of

the royal guest. While the Prince ia at Koowsley he will
also visit Liverpool, and we shall not be wrong in predicting
that he will receive a loyal and enthusiastic welcome.—
Liverpool Courier.

PRINCE ALFRED AT WINDSOR. —His Royal High-
ness Prince Alfred, who with his suite arrived at Windsor
Outlet about 11 o'clock on Saturday night, via the Great
Western Railway, viaited the Chapel Royal of St. George
yesterday morning, and, attended by Lieutenant Haig, re-
mained during the marries. His royal highness occupied the
Prince of Walee's stall among the seats of the Knights of
the Order of the Garter.

THE MARQUIS OF BRISEOL.—The latest accounts
received in town from lckworth Park are alarming. The
Marquis of Bristol, according to the medical report received
on Saturday, had had a relays°, and the symptoms create
great anxiety to his family. His lordship rallied on Friday
afternoon, but was extremely weak.

THE LATE DUKE o► Nsweasur..—The funeral is
appointed to take pleas on Thursday next at Markham
Clinton, the burial pleas of the family, about sight miles
from (lumber. The Right Hon. the Chancellor of the
Exchequer and other political friend. of the late duke are
expected to attend the funeral, in addition to the Eml of
Lincoln and the members of the family.
. - .

The Earl of Lincoln returned to town on Saturday
from Clamber, Notta.

Field-Marshal Viscount and Viscountess Com-
bermere bays been entertaining at Combennere Abbey the
Bishop of Cheater. the Bishop of Lichfield, the Rev. Chan-
cellor Thorlow, Rev. Dr. Cotton, Rev. William Egerton,
and many of the neighbouring clergy.
- . —. . ...

Lady Churchill gave birth to a on and heir
yesterday at the St. Georges Hotel. Her ladyahip and
infant are progressing favourably.

The Right Hon. Charles P. Villiers, M. P., has
returned to town from visiting Mr. Bally, X.P., at his
seat la Oxfordshire.

The Dean of Winchester has left Broad Lands for
Bishoestoka.

Baron and Lady Mary Wilde are on a visit to
Viaoonot sad Visootiotess Folksiness, at Longford Oastla,
sear Salisbury.

Mr. Bazley, M.P., is receiving a select circle at
his new residence in Oxfordshire, warmed from the Earl
of MacelesSeld.

A notice has been issued from the Public Works
office calling upon the local authorities in the distressed die-
tricte to premed with the public works in such a way an to
give employment to the largest somber of indigent factory
operatives, and to withhold, for the present, if needful,
such works as are most productive of ware.

LATzdr INTZLLIGZNOB.

AUSTRIA AND ITALY.

The Rdipeadassee of yesterday says :—" The mi-
nisterial crisis at Vienna appears to have assumed
recently an unexpected aspect. The Austrian
journals, which had predicted the immediate re-
tiremezt of Count de Rechberg, are now the first
to announce that that statesman has ended by
coining to an understanding with his colleagues,
and that he will continue to direct Austrian policy
in a way quite different from that which he has
followed hitherto. One of our Paris correspon-
dents gives us, in relation to this subject, informa-
tion which throws light on the rather puzzling
attitude which Austria has just taken up
in reference to the Franco-Italian convention. M.
de Rechberg declared himself in favour of Austria's
maintaining an attitude of pare and simple
reserve ; while his colleagues, AL de Schmerling
and K de Plener, one from political motives, the
other for financial reasons, advised a decided
alliance with France. It would appear, from a
despatch sent by M. Gramont to his government,
that Count Rechberg, changing his tactics, and
getting in advance of his colleagues, wishes
to go now at a bound to the extremest
limits of the policy advocated by them,
provided France will consent to obtain, in
exchange for the recognition of the Italian king-
dom, an engagement on the part of the latter to
abandon all aggression against Venetia. The cabi-
net of the Tuileries will be little disposed to play
the part which M. de Rechberg destines for it.
At the utmost it will only consent to act as an
intermediary for the mutual propositions of Vienna
and of Turin, without supporting them either
directly or indirectly by its counsels or even by
simple comments. The cabinet of Vienna, says
our correspondent, does not despair of leading
the French government to share its views, and
similar measures might be adopted with the same
end with regard to the British cabinet."

LETTER FROM GENERAL GARIBALDI ON
THE ITALIAN CONVENTION.

The Paya says that the Diritto of Turin published
an " infamous " letter of Garibaldi's concerning
France, and that it is doing too much honour to
such a letter to mention it without repeating the
contents. The Patric, however, gives the text,
and here it is :

Capron, Oot. 10.

That criminals should endeavour to find &mom plias is
quite natural ; but that I should be plunged in the mire
with the men who have staine i Italy by the convention of
Sept. 15 is what I did not expect. With Bonaparte the
only convention is this—To purge our country of hie
promo% not in two years, but in two hours.

0. GAR/BALD!.

(RICITER'S Tri-zowts.)
PRUSSIA.
BERLLY, Oor. 24.
_

Prince Gortschakoff, who had hitherto accom-
panied the Czar, is expected here on the 27th inst.,
when he will await the arrival from Nice of the
Emperor and Herr von Bismarck.

FRANCE.
ST. NAZA IRE, Ocr. 21.
The French mail steamship from Vera Cruz
arrived here to-day. She brings 103,000 dole. in
specie.

Her arrival was delayed by a storm which lasted
nine days.