The Express.
London, England, 1863-02-16 00:00:00

S THE EXPRESS, MONDAY EVENING, FEBRUARY 16, 1863.
ST. JAMES'S H 0 TEL COMPANY scarcity of money. Capitalists have eagerly taken they have to discharge as being, at once, LATEST INTELLIGENCE% EXPRESS
P0d.....i.1ed!- Act, ism., with Limited
all the long-dated paper that was offered, until, joint-stock bankers and custodians of the national
_e______
leDigered under "The
e=yl. ---
under the oompetition, the terms fee six months reserve of bullion. On the one hand, considers- fraem °us ow
Capital £50,000, In 5.000 sham of ClO each. POLAND.
ide an eppuestion, and El on allotment. bills show already a relapse of nearly 1 per cent, tion for the interests of their proprietors induced
We read in the P • P •—" P • oe Gort-
s3 lecura not to exceed St per share, at intervals of not less than from the highest point lately reached. As we them to keep their rate down at 2 per cent. longer Paris Tem •
three months' notice. chakoff has, it is said, addressed to the agents I suspect that di ion
reesevoss. anticipated would be the caae, the turning point than seemed to many persons consistent with the
Sir JOHN C. D. HAY, Bart., M.P., ta, fit Jesus''-place, o. f Russia abroad. a circular relating to the events be wondering very mu
Chairman. once touched, money comes forward freely at public welfare or with the maintenance of a proper
in Poland- This document recommends the RUS- the Emperor's short al
........,The Eight Moe- the l'eeel De MUT 32* Lowe. Dree•-•teeet- present rates, and the desire to lend will be stimn- control over the tendency to embark in foreign
C. Baillie Handless, R. ~ 66, St. George's-Naar*, Man agents' to exercise a rigorous surveillance over
•-&-lipasveread. Wed by the fear on the part of holden that the commitments; while on the other hand, the conside- . . .
Willlani Irving Hare, Esq.. 44_, Sealex-guedeass 117deParb- market will alio away from them. Aocording to ration of their bullion has caused them to run up the intrigues of the Polish emigrants in the coon- dress. It is Barely sore
from the throne of the I
Henry Augustus Morra7. ZOO-. SS, Park-street, Grosvenor- - - tries where they are stationed. The insurgenta, of the globe truth is ol
square.
.... existing appearances, therefore, it seems reason- to 5 per cent. But, whatever their precise motive,
ydm Gilbert Talbot, Zsq., 10, Great George-eireet, WesUninsser. are, says the prince, perfectly armed, although
!UNCURL look for early reduction in the rates, the screw has been tightened long enough
able to an
Messrs. Ransom, Bonnie', and Co., Pall-mall. both at the Bank of England and elsewhere. hard enough to produce the desired effect, and the there had previously been a rigorous disarmament sione," and that "cons
and his chambers-i. e.
Messrs. Barclay, Bevan, and Co., 54, Lombarcietreet. throughout Poland • and these new arms must
SoLicrroad-Sleurs. Marc anPew, hant d 3O, Great George- This view is confirmed if regard be had to the commercial public have luckily been in a suffici-
therefore hay.e. been smuggled. May not the Aim- sable," in order to anal
street Westminnter.latter to his will-is '
Altnrrogl-- .
Mesas Theodore Jones and Co., Moorgatastreet, very decided indications of returning ease pre- ently unembarrassed position to be able to watch
Public Accountants. sented by the recent returns of the Banks of Eng- with no more disagreeable feeling than that of trum authorities, asks the prince, be reproached to rights-"to exercia
Srocascogsa-J. G. Bone, Eaq., s, Bank-charnbern, and Stock
with extreme negligence, or at least with excessive in favour of justice am
land and of France. We may refer to the latter curiosity the effect of the Bank's efforts to turn the
first in order because it was from France that much tide of bullion.
SeCuITSEY-Seczetary (pro tem.), Mr. K inns. indulgence towards the Polish movement I Such war were at hand tha
Temporary Offhes-At the Hotel, corner of Berkeley-street, ,
Piccadilly. of the recent pressure for gold came, under the is the analysis of this despatch." language used. What
PROSPECTUS. influence of which the value of money robe so THE NAVY ESTIMATES. Patrie sententiously sa
No part of London Ls better situated for an hotel than Picea- -,-- RUSSIA. of these words will ems
dilly. In the centre of a large and wealthy portion of the con, suddenly here. Not only, then, have the coin This morning the navy estimates for the year
munity, it ts at all times a favourite part of the metropolis, and and bullion in the French Bank experienced a 1863-4 were issued. They show a net decrease on The Marshals of Podolia have just been tried exactly true. There is
especially during the period of the year known as the London
season. recovery of 860,0001. during the last four weeks, the previous year of 1,058,2731. The amount re- before the Senate of St. Petersburg for having what that is escapes me
The want of the improved accommodation afforded by the
modem Joint Stock Hotel has long been felt in this neighbour-
but, what is still more significant of the con- quired to be voted is 10,736,0321., against "assailed the integrity and unity of the empire" fury in the words, 1
hood ; and it is to meet this want that this Company has been A;s4on of affairs, there bse been a
decrease of no 11,794,3051. for 1862-3. The chief saving is in the by sending to the Emperor the address, which the Patrie, moreover, says
formed. The Directors have secured the commanding premiere "'"°` items of naval stores. In Section 1, Storekeeper-
recently erected upon the site of the old Gloucester Hotel, at the leas than 2,800,0001. in the discount', accom- assembly of the provincial nobility legally con- out those parts of the i
corner of Berkeie7oneet. Pleeadllfb widen are Pee•Da•l7 wen avy ll
General of the N , the d is 410 133/ and
adapted for the purpose. ponied by a decrease of 1,080,0001. in the ad- in Section 2, Controller of the Navy, the decree" Be vaned at Kamieniec unanimously voted, suppli- obscured," but that the
In the best part of Piccadilly, nearly opposite St. Jams's- Vance. on stocks and shares. The Bank's ad- is 596,2121. There is a saving also of 156,1701. eating the administrative reunion of Podolia to the understand without t
street, close to the Parks and St. James's Palace, with • view
the Green-park to Buckingham ?slam, the altnation is vances on securities of all kinds thus present ain wages to seamen and marines. There is kingdom of Poland. It appears that these fungi- doubt the sagacity c
nnsurped, and it is not too much to expect that when all the
adventure of modern improvements, shall nave been introduced, total decrease to the enormous extent of an increase, however, of 54,893/. in the tiouariee have just been condemned by the Senate mystery, and moreover
in dd l clothing ui d f ire or vctuas an no hotel in the metropolis w
to allow ill be more attractive-whether to 3,880,000/., denoting a very important change sum requ i! e-v to 14 months' imprisonment in the fortress of Emperor speaks not of I
the resident in London or to the visitor. Without being so large that head. Wages to artificers are dimi-
ng of the complaint of want of privacy and want of the tendency of the money Of Isarket" - lashed by 34,8001. ; and in the item of new Pctr°w°lawak• the globe.
attendance alleged against some of the larger hotels of the day,
A letter from St. Petersburg states that at the The France has been
this hotel will be of sufficient magnitude ;there are 140 rooms) to this, additional evidence is to be found in the
works, improvements, in eepaus. in the yards, &c.,
admit of even oweatial comfort, convenience. and fact that the rate of discount for the there is a decreaae of 30,872/. representation the other evening of a new Russian note for having pen
M. Francatelli, the eminent chef de cuisine, 1.4 as the
Company's manager, under the supervision of the Board. best bills in Paris has fallen to 41 per cent., or 1 In the army department for the conveyance of drama, a hostile allusion was made to the Polish Earoche's assertion to I
Amon;,-et the advantages offered by the property in question below the charge at the Bank of France. In any troops, the sum required to be voted this year is insurrection, when a perfect storm burst forth in the dismissal of the n
may be mentioned that of securing the goodwill and connexion
81,5001. more than last year. The net
.deorease
or • valuable established hotel business. But more important country, if commercial affairs are uneound, or in , the theatre. A great portion of the assembly meat of Hazebrouck) t
suit is the fact that, unlike all the hotel companies hitherto however, on the whole of the estimates is, as we
formed, this Company will start with an hotel already built, and a state of speculative tension, •a rise in the value
have stated, 1,058,273/. hissed, and showed their disapprobation, while others candidature of M. Plie
the mat expense and delay which would otherwise have been of money produces confusion and hurry : people The number of seamen and marines is the same applauded. This division of public opinion with Interior sternly tells all
involved will thus be =tithe shareholders.
The building can be and ready for opening by Lady. get overtaken by their engagements, yet must as that of last year, namely, 76,000, which is the regard to the Poles has produced a strong impres- question was removed
day at the latest. The Company will thus almost immediately be continue to meet them as long as they are able ; total force in the fleet and coast guard service. aion at St. Petersburg. manifest infirmity, and
pieced In a position to earn a dividend.
With a building already provided, • 'mall capital only will be and the pressure for money goes on until it per- --- - - nothing to do with the
Tmeeeary, it is estimated that in the first Instance X2Oriirol,ol.=
will be required, and that with thins= the hotel can be haps culminates in a crisis and panic. This is trig Court. NAPLES. France is the only join
and put in perfect working order ; but it is proposed to the what has not been witnessed on the present occa-• Letters from Naples, dated the 11th instant, consider the ministerh
registered capital at E 50,000, in order to enable t a Company to
purchase the Interest of the lessor, if the shareholders should at son, either in France or here. On the other WINDSOR CASTLE, Fra. 14. state that a kind of bomb-shell was thrown into and accuses the France
any time think it desirable. The arrangement the Directors ham
the vaults of the palace during the ball given by faith (de maueaise), an e
made will permit of this being done, since it not only embrace, hand, when the general condition of trade and The Queen, accompanied by the Princess Louis
a lease for a long period at • moderate rental, but also reserves
l finance is sound, and no excessive speculative of Hesse, walked and drove in the grounds this morning. the Duchess of Genoa. Several hundred panes of Itis an instructive sight
co the Company the option of at any time purchasing the s
interest !nearly ea Years), at a price already agreed upon, giving commitments exist whereby people may be SUNDAY.
six months' notice. rise in the value of money,glass were broken. A great panic occurred, but
The Queen.
the
Priem
and
Prineem
Leeie
of
Hem'
there victims. The author of this atte t •
Gueronuibre struggling
From the various sources of revenue open to the Company it overtaken, aprima., Helena, Princess r,,.....• and prie„ Leopm, em were no
Is confidently anticipated that a dividend of 20 per cent. will be even if it be sudden and considerable in ----' -----' • _i_
forthcoming from the iimy commencement of the Company's the ladies and gentlemen in waiting, attended Divine are- reMaIDS UunnOWD. to inflict upon the press
operations. It Is believed that this undertaking presents els- extent, produces only a momentary sensation, and vise this morning in the private chapel. The Rev. Dr. Baron Nicotera has left for Caprera, to confer allowed. The France
menu of success greater than any of the joint-stock hotels re- is quickly followed by a diminution, instead of an
cently projected, since there in no outlay whatever demanded far Stanley, Deputy Clerk of the Closet, officiated. with Garibaldi generally understood pi
building purposes, or any other source of expenditure or delay increase, in the demand for accommodation. This The Lord Chancellor and the Rev, Dr. Stanley arrived at
Intervening before an immediate return is secured ; and yet these cannot be argued with,
hotels, so far as opened, have realised dividends varying from occurs because the engagements of the community the Castle yesterday. (ascrim'a TELEGRAM)
• the organic decree whic
io to SO per cent. are within so moderate a compass as to be sumasp- The Earl of Darby, the Earl of Clarendon, Sir Charles L.
More than half the capital necessary to commence business has INDIA- insert all government
already been sulecribed .it is acoonil, proposed to keep the tible of control. We confess, therefore, that we Eastlake, and Mr. Cnbitt, N.Y., •the committee appointed
share Mt open for • very Mort tame o . Early application tee bv her Maley to ' • the selection of d • for the CA/4'7M* J". 3°- authorise a flagrant ins
National Memorial to the prince coolest, attended yesterday Grey shirtings and mule twist active. Copper
shares will therefore be necessary, should be made in the find in the marked diminution which him now co- -
form annexed Co the protrits, with the deposit of S 1 per altars cured in the demand for money, both here and in et Windsor Culls, where the designs have been placed, and unchanged. Exchange on London, 2s. 0/d. ; own dignity and that ol
to the bankers, Messrs. Unnom, Bouverie, and Co., No. 1, Pall- tests against the expre
MO Last ,or Hamra Barclay, Bevan, and Co., 64, Lombard- France, additional grounds for confidence in the had the honour of an interview with her Majesty. Government securities, Five per Cents., 1051. peongny will prow,'
street. stability of commercial affairs in both countries,
Prospectuses may be obtained at the Stockbrokers'. No. 5, Bank- Freights to London, 102, 6.
amber& ;atNa 2. K .I
Amu-yards and at the Hotel, corner and for disbelief in the croakinge as to impending A Cabinet Council was held OD Saturday at the this rebuff. He has,
of Berkeley-street, 7- panic which have been heard in some quarters,
.official residence of the First Lord of the Treasury, CHINA, the mortification of
in Downing-street The Ministers present were CANTON. JAN. 15. many petty Persem
SECOND-HAND PIANOF 0 R T E S. The improvement shown by the last returns in Viseount Palmerston, the Duke of Argyll, Sir Grey ehirtings dull and unchanged. Total a judicial decision at
Cia3ll2. MALI' sad WCe)D le" • /wee eweetwell the position of the Bank of England is likewise of George Grey, Earl Ruesell, the Duke of N at sesonddend Bswebrdea. by the oast sideeined ineksee, as ew- export of tea to date, 85,125,0001b5. Exchange on
rwesely relined grieesitd. Regestetrest. a decided character. While the demand for castle, Sir G. C. Lewis, Sir Charles Wood, the prosecuted for the don
IN FUN THIS WEEK, One Penny. money has fallen away from that establishment, Chancellor of the Exchequer, the Duke of Somerset, SHANGIIAE, Jay. 10. foreign journals into
London, 4, 71.
Een-Nedely and faithless Patty Brown enabling the reserve to attain • recovery to the the Right Hon. T. Milner Gibson, the Right " distributing " them
Silk 10 taels higher ; settlements during the past
What I tbe ode Old Hat. important extent of 618,0101. within the last Hon. Edward Cardwell, and the Right Hon. fortnight, 2,000 bake ;
esperttn date, 60,000 balm that
several numbers
warier*, in London. C. P. Villiers. Geneva were sent to M
Kn. Orendy's Gordping6 week, there is, at the same time, a rally to the Exchange on London, 6.11.
itheenaes and Diary.
Prim Zeros, de. amount of 378,5151. in the coin and bullion. A deputation from the Guardians of the Poor of the parish through the post-office.
of St. John Hain teed conaiating of Lord Enfield, M.P.
What is much more important than this awe*. , Pa , • ' THE CALCUTTA AND CHINA MAILS. the censure of Paris ail
Now reedy, handaemelybound In magenta cloth, gilt, prism la. IL: the Rev. John Ayre (chairman), Mr. James Marshall (vice- post to Nismes, where
_poet miorema a
Fa. . sion of gold is, however, the continued prospective
chairman), the Rev. Thomas Ainger, Mr. Richard Ware, The Peninsular and Oriental Company'estesuner, TIM SECOND HALF-t> Persign. 7or his agent
eas Engravings by talented artiste, and articles b.:distinguished influx from abroad, the continued firmness of Mr. curia., d sir. Thomas Toiler (the clerk to the guar- with the above mails, arrived at Suez on the 14th -- ' . -
writers. the exchanges between this country and the Conti- dime), bad an interview with the Right Hon. C. P. Villleza, contraband in M. Salle
The Mit Volume, uniform with the Second Volume, on sale. Feb .
Odes. 116, lieetatreet. nent, and the continued check to the demand for on Saturday, at the Office of the Poor-law Board, Whitehall. tribunal of Nismes hi
gold for exportation thither. It is frequently right to Despatches were received en Saturday at the Colonial- CALCUTTA, CHINA, AND AUSTRALIAN the minister was a I
attach more importance to the tendency of the bullion °eke from the Governors of the West India Islands, British
MALLS. newspapers coming thr
/the erpreo 0. movement than to the mere changes in the metallic C'w.,_hrbla, "
Oomm.(l.Canada•of theThrt`ke• were
as:detiotetateColetelver. SOUTHAMPTON, NM 16. to Paris for governmen
e stock in the Bank of England, though bankers, asan The Peninsular and Oriental Company's steamer wards be said to be sti • Dor al the Bahamas.
TO 0011.18PONDINTIL a rule, while keenly vigilant as regards the latter, Ripon, with the heavy portion of the above mails, the country. X Salle
Adttalktaamb latmatt tat '• Tee Bv. ICcadar• 111•1•6 are very imperfectly informed with respect to the On Saturday their Royal Highnesses the Princes,' has arrived here. She brings 41 passengers, the newspapers seized a
Few, seem be at as edlos, is,
mrivedrerse. by Two
o'i ea the day et easeestene. former. Now, a chief advantage at the moment is Alice and the Prince Louis of Reese visited St Georgia 15,2951. in specie, and 1,600 packages of cargo. him. This decision i
that the tendency of the bullion movement is un- Chapel for the purpose of inspecting the prof:snakes for The Confederate steamer Sumter escaped from government may appeal
there is the Ci
COVENT (MEDICI. mistakeably in favour of this country. • Such the aPProachiall marriage ceremony. The visit was strIsSIT Gibraltar during the south-east gale on the night sort,
now be relied upon to
Ting Emma, THE ARNOUREZ Or NANTES. mesas. foreign engagements as we have absolutely entered
Ways, Bntley, K. Owl, and W. Herrison : dines L Pyne and Priv."' their
royal highallam entering
the
chapel ehe,l of the 6th ' t. The steamer Pactolus, which ar-
p.m. They were received by
A. Mee-And BEAUTY AND TEI BEAST. Concluding with into-as, for example, thew in connexion with 4""Y minute.
Plat three'
the Transformation Ilesse.-Coendesee at Y. Mr. Turnbull, the clerk of the works for the Commissioners rived
• • at Gibraltar, reports having passed her off any Political case.
foreign loans, foreign banks, railways, &c.-must of I bear from Turin
NATILLEKET. of Woods and Forests, who explained to the royal visitors Cape Spartel, under a press of sail and steam.
TEE 1•161.0, MI ANEEndif OGGIWN. Newee. Botha, course be met ; they must be met, now that money the general arrangements in the chapel, nave, and aasem- GIBRALTAR, FZ.B. 11.-Exchange on London, 90 treated to a charieari
sae Dockstene .• KN. X PlllswElbun.-zuddrAs pitiNcs 01 is at 5 per cent., just the game as though it were base hall, which is outside the west door of the cathedral ;
' ARMENIA. Mr. 011112460 end Xis L. Keeley.-And NEE. days, was quoted 50 7-16 to 501 ;on Paris, 5.28 ; called the " rough mum
WHITE. Liz. Congdon and Mee Herbed. at 3or at 8 per cent. ; and if the international and the prince and princess, having examined the program Genoa, 5.30 ; Madrid, 8 days' sight, 4 premium. traordinary marriage.
PRINCIII/171 commercial balance is in such a condition that the of the window over the altar of the chapel, which is in- w ~,.._
__item&
ex-minister before the
7ffill Iminia• TEI WINNING KIIIT. Wow"- W. Marital. remittance cannot be made through the medium leaded as •• memorial of the Prince Consort, retired after a r rths''''
and with urgent and a
Veda, and Cetheart: lees Aing Regaled sad Mn B. Enrolee. . lengthened stay.
-eau wpm WITH rim rim ~ or, Harlequin sad timber of bills, gold or silver certainly must and will go.
It is expected that the Crown Princess will leave WEATHER REPORT.-(THIS DAY.) deavoured to dissuade
°Ws. Maws' 1111..°• Newer, a" BaUar4; Mils WSJ's"' Cotton, moreover, is so scarce and precious
a Berlin for Windsor on the 19th instant, but that the ---e--- without auccest
LYCEUM. commodity just now, that it is to our interest to NOMA% 711DVART 16, SLK •—• Tin Erlarged A SUDDEN ATTACIL Hews. Wlddiconsb„ , Crown Prince will not take his departure until the 2nd
46wiles, and Mere : Mee Hardie end Mrs lee -And TiTHE buy it wnerever it can be got, no matter if W 8 proximo. REPLY OF THE
D 1111•51 MOITO. Wows. Feebler, 0. Vining, Beetighlai. and have to send 11101..5,11. la W. F. 11.1 GI La! z. a.
gold for the p But none of His Royal Highness the Duke of Cambridge __ -
Bermond ; Chess C. Ledsreq, K. Terry, sad Legality.— TO THE ADDB
_
. IS W. 111 1 I b - i LEGISLATIF. narresimi.- these demands seem likely to prevent a further entertained their Royal Bighorns the Thaws of Cam- Nairn
Aberdeen 130.411116 e. W. • 6 1 b - II
THIS Emma. Mr Fantossima, ABON HARBAN. Mn.s Übe; accumulation of gold in the Bank of England. bridge and the Princess Mary at Gloucester Hone on Se- Leith 40.51 se N. yi, 1! g 4 f - 1 -
Mama Seam Leak Newham, and Yffitalltephan i Tent Basra - a The address of the
and his two ilsisa-THR CIRCLET or GOLD. Mess appals The influx from the United States, now that that Lady evening. The .
43 a
S. 1! 1 • 5 - 1 the speech from the the
unea—And HART momotisrorra.-Ommanare at ball-pea a country has no cotton crop wherewith to disch ma. lUghurater : -Their Sauna Iligtmerara Prince sad Pittway - 1 Toiler
Primer Edward of Saxe Weimar, his Excellency the veientis . - _ - _ Emperor, at the
her debts to Europe, continues upon a large Hbatwa . .
11161 WAS= AT LOADON 321D133.
yd. BIT -Nosing, 09, me, , ,
..919.,,wm. 09. dm scale ; and sufficient importance seems scarcely to nan Minister, the Earl of Malinesbery, Sir Chad. Querusteini.3o.4ass I n 47 2 • - a lowing is a translation
Holyhead 30.61 46 8 Z. 0, 1 1 b - 1
Yorke, Colonel Clifton, tic. Liverpool _30.67 at 2 11.8.11. 2!II 1 m - 2 Moosieur le President,-'
104keaott-liestaa. la. lia.....Atiassas, 11 27ms have been attached to the singular eflect which the The Earl and Countess of Lanesborough have Pembroke 30.6629 1 AL $a 1 5 - 2 a fresh proof of the harm
insecurity of the Federal maritime communications ,J 'ed at their riteiilenee in Great Stanhope-sheet from yPensr, °I - 8°4245 7 I".
7 (-1. ! 2 _-4 Corp' Legisietir and my g
LONDON, MONDAY, FEBRUARY 16. has in driving the gold of California direct to Swithland Hall, Loughborough. Brest . . - 1 fore, with the utmost eat
L'Orient. -43.30241 2 11.11.5. 1 0 - 1 indispensable than ever at
_ Southampton. Some attention has been directed The Earl and Countess of Devon have arrived soceefori istaess 5 .e. 1 Is - I
9 t - $ the world, the truth is
to the falling off in the shipments of gold from in town from Powderham Castle, Exeter, for the season.
No great acuteness bas been required to Weymouth 30.6940, I N.& 1 as - 1 passion&
which way the money market was likely to go. r. Australia, as reported by the last mail, the total Plymouth WM 411 1 E.
The Bishop of London and Mrs. Tait entertained Portsmouth 50 Wu 2 KKK it Ili - 1
France ought to be 'Mon
- b - -
• for the month having been only 200,0001.; but we • select party at dinner on Saturday evening at Londonl - 1 - - always prepared to assert I
became evident • few weeks back that the upward
believe that the decrease is accounted for by the Hour% Des .7116"'"Ituire. u.non 5ew..........
.............
soil - Nit.
Yarmouth '30.68 40 2 sal • - in - 2 of j.t.ice end prom., t.
movement would run its course. The Directors of Lord and Lady Proby are expected in town in a smacsreir Scarborough ll L&D'Wye. 41 1 t ..7 : compromised hy the exagge
anticipated removal of the
the Bank of England, in view of the continued
duty
-1 few days from Elton Hall, (kindle, for the Medial.
• which month the exports of gold from Victoria - 1 Reciprocal confidence ha
though very gradual decline in their stock of al
..." - i.- Baron de Katie, the newly-appointed secretary CoPeonagen • -I- -
bullion, showed, by a rapid succession of strong would probably be unusually heavy. These sup- to the pm,,,i. Eatkbasy.
wind
at prunia Howe e few tidereree - -
plies, therefore, are merely deferred fora brief days aim, from Berl n. 7. :I: : : .7.. : tions between us ;this is do
-t - - -- - - - - meat which animates us all
measures, that they were aroused to the keenest period'
Listion - 1,-- - —..— alma that the position of th
vigilance. If they had laid themselves nee. ~r Pe'n's" Viscountess Palmerston had a recenfirm. Cm firer PSORABLa to the roveremeet and is

No great acuteness has been required to see
which way the money market was likely to go. It
became evident • few weeks back that the upward
movement would run its course. The Directors of
the Bank of England, in view of tho continued
though very gradual decline in their stock of
bullion, showed, by a rapid succession of strong
measures, that they were aroused to the keenest
vigilance. If they had laid themselves open to
the charge of holding out incentives to specula-
tion, by putting their rate down to the low point
of 2 per cent., and by keeping it there until long
after the drain of bullion had begun to be felt,
they also applied the break with unusual force as
soon as they discovered that the machine was run-
ning with too great a velocity. It is satisfactory
to remark how easily the commercial community
have passed through this quasi-money crisis. The
perfect equanimity with which a rise in the value
of money from 2 to 5 per cent. has been received,
and the entire absence of any ill effects, prove at
once that commerce and finance are in a sound
position, and that the public are well aware of
their soundness. Those who affirm that the
Bank of England has little control over,
but merely follows the lead of the money market,
may learn something from a glance at the recent
movements, the Bank having on this occasion
evidently led the way to each successive rise in
the rate, and bankers and money dealers having
raised their terms in proportion through the mere
instinct of imitation, and their natural desire to
get as much as they could. The commercial
classes have paid the enhanced rates contentedly,
because they have had a strong impression that
the movement would speedily bring its own cure.
The monied public, on their part, held aloof for
a short time, as is their wont, in order that they
might see more accurately at what point the rise
would stop. The event proves how correct were
the calculations of those who, haring regard to the
present limitation of trade and very moderate deve-
lopment of speculation, argued that • rise in the
Bank's charge to 5 per cent. would afford a fine
opportunity for putting money out for employ-
ment for long periods at rates which could hardly
have been dreamt of a few months or even weeks
ago. It is now evident that the market has men
its top. There is rather a scarcity of bills them a

Comparing the last return of the Bank of Eng-
land with that submitted on the last occasion when
the rate of discount was reduced from 5 to 4} per
cent., we find that the changes are all greatly in
favour of the present period, the bullion presenting
an increase of a million and a half, and the reserve
of notes an increase of like amount. The private
securities, it is true, show an increase of upwards
of a million,but as • test of the demand for money,
the private securities must be considered in rely
tionto the deposits, and it is rather remarkable to
observe that the latter item is actually
4,500,0001. more than it was at the
period referred to. Here is additional
evidence that the balances at the disposal of the
banking and commercial public are unusually
ample, having been latterly increased by a strongly
marked tendency to caution rather than by actual
necessity. The effect upon the rates for money
will be proportionately decided as the holders of
these large balances get tired of keeping them
idle, and endeavour to lend them out.
The Bank Directors seem not unwilling to let
the impression go forth that they intend in future
to move the rate up or down more quickly than
was customary in former times. A few months
ago they went as low as 2 per cent., in
pursuit of • constantly retreating market,
and more recently they have rapidly seconded to 5,
though this time not following the bent of the
general market, but aiming at protecting their
bullion. Now that the public understand that
promptitude of action is designed on the part of
the Bank, no harm can come of it. All that we
eau require is that the Bank shall be consistent,
and not postpone a change so long as to render
several successive movements necessary where
one might otherwise prove a sufficient warn-
ing. One main difficulty with which the
Bank Board have to contend is, no doubt,
the double and inharmonious function which

Viscountess Palmerston had a reception, the first
this season, on Saturday night at Cambridge House, Picca-
dilly. Most of the leading members of the diplomatic corps,
and the leading personages of society in tows, graced her
ladyship's salons by their presence.
The Earl and Countess Russell entertained at
dinner on Saturday evening, at their residence in Chestnut'.
place, his Excellency the Ambassador of France, his Ex-
cellency the Portuguese Minister, the Duke and Dacha's
of Argyll, the Countess of Newburgh, Lady Mary Wood
and Has Wood, Hon. Evelyn Ashley, Mr. Biddulpb, Hon.
Hoary Cavendish, ko.

By the latest account from Grantham we hear
the Duke of Rutland is progressing favourably, and hopes
are entertained of his ultimate reoovsry.
Mr. Philip Bouverie, son of the Hon. P. P.
Bouverie, M.P. for Barks, who was mentioned as a candi-
date on the liberal interest foe West Somerset, declines to
stand. Mr. Langton, the conservative candidate, will, it is
mid, have a " walk over."

At the meeting of the members of tho Royal
Institution, on Friday evening, Dr. Frizikhad delivered a
lecture on artificial illumination.

Among the visitors present at the Lord Mayor's
banquet lan week to witeeee the daft of Mr. Mason, the
Confederate envoy, were several of hie lordship's tau sup-
porters at Southampton.

- Lord Ranelagh has announced that he is pledged
to several volunteers officers to go to Brighton on Easter
Monday. and that be is organising a field day for that anni-
versary. _
__

TUMMY. trims
B.E. to 8.W., moderate 110017.ASIX 8. W. WN.
to fresh, One. tine.
B.S.E. to W.& W. and IMILMItt N.W. to N.
N. W., fresh to mode-
rate, tine.
As nest above.

DAY.
, moderato

w.curram..

B.Z. to N.Y., freak line. N. W./1.131M
As next above. S.W.ItiotOSS.
Similar. 6.L EIIYI,YD.

N.N.W. to R.8.E., mo-
derate, fine.
N. to X, fresh, Om.
As above.
N. to Lead B.E, mode-
rate, fine.
S. to E. and &X, L ODANT. As above.
moderate, tine.

The Vienna Gazette states that the Minister of
Commerce, having submitted to the Emperor a proposition
for holding a universal exhibition of the line arta and in-
dustrial and agricultural products, his Majesty has decided
that the exhibition shall take place, if possible, in 1865, or
the year after at the latest.
The Roman National Committee has issued two
swiss circulars, the first inviting the Romans to contribute
to the national fund for the relief of the sufferers by
brigandage, and publishing the address to the Ring at Italy,
with 10,000 signatures, horn the eternal city : the second
exhorting the Romans to abstain from the amumemente of
the Corso, and of the muted balls, during the carnival, in
order to show their sadness at the present political state of
their native city.

Oddities in the way of last wills and testaments
are to be met with amongst the Germans as often as
among Britons. A Dr. Joseph Fischer, who recently died
at Kornenburg, left a thousand florins to a favourite cat
and canary bird, and another thousand to his dog. The
interest of the whole is to be received by ao old servant
ebarpd with keeping the animals. As soma as they die the
money lapses to the doctor's rightful heir. An old maid in
Cologne was recently buried, and har funeral was attended
by an immense number of people. On inquiry as to the
cause of this honour being shown to a person of whom no
one had ever beard before, it was found that she had in her
will directed that ten silver groechen (Is.) should be given
to every one who followed her to the grave. Such a fact
was not long in getting wind amongst the poorer part of
the population.

The Roman Observer has a telegraphic despatch,
dated Loodon, Feb. 5, onotiag Lord Palmerstoo's declare-
tics that the Pops had taken the initiative by asking Mr.
Odo Befell whether he might reckon on the hospitality of
yaelssvl The Roston Observe► adds—" This fable of the
&OA Priam Yielder does not merit the honour of a
ooetralletioa."

The Duke of Brunswick has arrived at Berlin,
and has paid visits to the King and Qualm of Prussia.

- - ---
The Paris correspondent of the Times says :
"The Emperor of Russia is coming to Paris in the spring ;
each, at least, is his present intention, as well u that of hie
imperial friend. The object of the projected visit is said to
be to cause to se understanding as to a common action in
Dagiaa affairs stW the demise 91 Us( Leopold."

The wreck of the West India Mail packet Avon
at Color+ is to be sold. She cee be got off, bat it will be
attended with considerable ovum. The Ayes Le a very
old chip.