The Express.
London, England, 1862-04-29 00:00:00

ITALY.

A letter from Turin of the 25th, in the Conetitu-
tionne/, says :
The government has so great a confidence in the peak
development of 1862, that it has just liberated from navies
in the army two dames of men—namely, those born in the ,
years 1833 and 1834—thus reducing the effective by from
25,000 to 30,000 men. This measure was earnestly called
for by reams both of economy and humanity. Those two
classes had fulfilled an uninterrupted service of seven and
eight years, and it was at last necessary to allow
them to repose. The saving resulting from the
measure will be entirely employed in perfecting
the materiel of war and in fortifications, so that
in reality the war budget will not derive any advan-
tage from it; but the mark of having mouse to
supplementary credits for the indispensable expenses of
armaments will be avoided. By means of wise administra-
tive manna, the financial yea 1862 may perhaps he
closed without the neceeeity of a loan. Public credit is
already feeling the advantage of this system, and the
Italian Five per Cents., which were at 67 on the mamma
of the present ministry, are now negotiated at 69.50
and 70. The only supplementary credit of any
im-
portance will be asked for by the Minister of Marine on
the reopening of the present session. After the re-
volution produced in all the navies of Europe by the
combat between the Monitor and the Merrimac, it was
uo-
possible not to place Italy in unison with other nations and
to think of a new method of constructing ships. To that
effect Admiral Person sent two superior allays of the
navy—MY. Riccardi and de fiaint-Bon—to France, England,
and America, for the purpose of studying thoroughly all the
new systems of naval construction, and authorising them to
choose that which shall appear to them the most &dean-
' agleam and the mat in conformity with the program of
• science. MM. Riocardi and fiaint-Bon, after having care-
fully visited all the dock and building yards of Francis, are
at the present moment in England, actively pursuing the
purpose of their mission.

Worn% mamma.)
ARRIVAL OF KING VICTOR EIDIANUEI

AT NAPLBS.
NAPLES, Arm 28, Evens.

The King arrived here at 4.30 p.m. to-day,
escorted by three Italian and four French frigates.
His Majesty was saluted by the cannon of the
fortaof the squadron, and of three English frigates.
On landing be received the syndic of the city,
and passed through the streets in an open car-
riage.
His Majesty was everywhere welcomed with
indescribably enthusiastic demonstrations of joy.
On arriving at the palace he appeared several
times on the balcony to the people.
A general illumination of the city is now being
effected.
It is believed that an amnesty for the press and
for fines decreed against national guards will be
proclaimed.
It is also expected that charitable gifts will be
made by the King.

CONSPIRACY AT MILAN.
MILAN, Arita 28, Evrauta.
A great conspiracy has been discovered here
among the soldiers of the old Neapolitan army.
It is asserted that the clergy had supplied them
with arms and money.
The population is agitated.

PROTEST AGAINST THE INVASION OF
MONTENEGRO BY THE TURKS.
CONSTANTINOPLE, Area. 21.
France, supported by Russia, hes formally pro-
tested against the invasion of Montenegro by the
Turkish troops.
The frontier will not, oonssquently, be crossed.
Negotiations are in progress for the marriage
of the Sultan's niece with the son of the Bey of
Tunis. _ _ .

His Royal Highness the Prince of Wales is e:•
petted to arrive here on the 4th of May.