The Express.
London, England, 1864-03-22 00:00:00

OOMMERCIAL LNTF.LLIGENCE

SHANGHAE, Fol. 9.

Grey ahirtings improving. Bilk dull ; export to
date, 40,750 bales. The money panic has blown
over, and the rate of exchange has fallen to 6s. qd.

CANTON, FRB, 15.

Grey shirting' and water twist nothing doing.
Tea unchanged ; total export to date, 108,750,0001b5.
Exchange on London, 4s. 102 d.

CALCUTTA. Mwacu 1.

Grey shirting* and mule twist dull Exchange
on London, 2s. ltd. Government securities, 4 per
cents., 94/ ; ditto 5 per cents., 1032 ; ditto 5} per
cents., 1091. Freight
BOMBAY, MAacs 1.

Exchange on London, 2s. 10. Government se-
c uri t ies, 4 per cents., 93 ; ditto 5 per cents., 103 ;
ditto 5 per cents., 110.

Tai INAUGURATION 07 THZ TIVTLITON Tows HALL
BY LORD rALIDIRSIOR.—At a meeting of the committee of
the town council appoioted to carry out the arrangement" to
celebrate the opening of the New Town Hall, by Lord
Palmerston, on the 19th of May, held yesterday (Monday)
the Mayor (W. N. Row, Esq.) in the chat:, it was resolved
that traders be received for supplying the banquet
Tiverton Gazate.

011011 ova OWN COULICSPONDSZTj
FRANKFORT, MARCH 20.
The Austrian government has recently sent a
fresh circular note to its ambassadors at London,
Paris, St. Petersburg, and Stockholm. The follow-
ing is an analysis :—" If Denmark had made equit-
able concessions there would have been no war,
and if she consented now, peace would be easily
re-established ; but she insisted on assembling the
Rigsraad acoording to the constitution of No-
vember 18, and on putting that constitution in
force in Sleswig, though Germany had protested
against it as being in open contradiction with the
engagements entered into by the Danish govern-
ment. The Diet was just about to occupy Sleswig,
in order to put an end to an irregular state of
thing's, when Austria and Prussia, in their capacity
as European powers, took matters in band to en-
force those engagements which had nothing to do
with the question of succession. If Austria and
Prussia had not substituted their action for
that of the middle States, and if the direction of
affairs had been undertaken by that party which
wants to bring about the dismemberment of the
Danish monarchy, hostilities would, nevertheless,
have taken place in Sleswig, and the war would
have been much more serious ; and those powers
which take an interest in the maintenance of the
Danish monarchy would have met with com-
plications much more threatening to the equi-
librium of the North of Europe. By the
military intervention of Austria and Prussia
this danger has been removed for the present.
It would have been permanently removed
if those powers had paid attention to the last com-
munications of the two great German States, and
had not encouraged Denmark to resist. It depends,
therefore, on the great non-German powers to assist
in calming the agitation in Germany and in main-
Weisz the conflict with Denmark on its present
basis. Austria and Prussia will then more easily
succeed in stemming the movement in Germany, a
task which will become more difficult in proportion
as the quarrel continues. The deliberations of the
Diet afford evidence of the great exertions made by
the Courts of Vienna and Berlin, and of the diffi-
culties they met with in preventing their confede-
rates giving larger dimensions to the dispute."
The Prussian government has informed the Senate
of this town that it intends to send a reinforcement
of 800 men here, and has requested that preparations
might be made for their accommodation. The
Senate bluntly refused, as such an increase of the
burdens of this place could only be decreed by the
Diet, while the Federal garrison, already 5,000
men strong, is here for no purpose whatever, except
the great annoyance of the citizens, who want to
get rid of it altogether. Unfortunately there are
so many troops in this country, even in time of
peace, that wherever there is a pretext for putting
part of them M a convenient corner it is readily
made use of, and thus the Federal garrison here,
which was intended only to remain as long as the
German parliament was sitting, has now remained
for the last twelve years, and no remonstrances of
the authorities are of any avail.
The late King of Bavaria has left all his private
property—about 350,0001.—t0 such establishments
as he assisted during his lifetime, such as orphan
asylums and academies. The pensions he granted
to artists, poets, scholars, learned men, ttc., are
to be kept up during their lives.