The Express.
London, England, 1864-11-21 00:00:00

THE EXPRESS, MONDAY EVENING, NOVEMBER 21,

nary commercial theory, these failures shoubirhave
occurred long before, but they did
,16t4 fact
which shows that the "clearing of its air " idea
is not altogether sound. Another point iiitihich
we may refer is the "mall joint-stock mania which
occurred about eleven or twelve years ago in gold
companies for California. The thing collapsed of
itself after a time, but required no panic to set it
right. The late eagerness to embark in new joint-
stock undertakings is for the moment checked,
but this result, beneficial as it may be in itself,
would be dearly bought by failure of good commer-
cial houses. If a mania occurs it is the fault of the
general community, not merely of merchants alone.
There is, however, an evident disinclination to re-
cognise this fact. It is a patent injustice that the
latter should exclusively be the scapegoat.
The difficult part of the citation is to suggest
• remedy. As long as joint-stock enterprise exists
it may be safely affirmed that the public will
readily join in it, and at times without taking
the slightest consideration of the engagement'
into which they enter. As it is almost impossible
to save them from the risks they thus heedlessly
run, it is equally difficult to prevent the evil
consequences that may thereby ensue to others.
All that can be done is never to lose an opportu-
nity of inculcating caution, and of alleviating, as
far as legislation will permit, any difficulties that
may arise. It is from this point of view that the
agitation for the reform of our monetary laws is
especially valuable. Some persons, whose minds
are apparently unable to learn by experience, still
believe in the perfection of our currency system. Its
repressive action, however, is so far useless that it
has not prevented one great mania, half a dozen
smaller ones, and inordinate speculation and over-
trading of the worst sort,while on several occasions
it has undeniably caused severe and useless suffering
to the mercantile community, and by consequence
to the country at large, and on the only two oc-
caaions when it has been thoroughly put to the
test it has broken down altogether.

gbt Court.

WINDSOR CASTLE, N0r.19.

The Duke of Nemours, the Princess Marguerite
and Princess Blanch of Orleans, arrived at the Castle
yesterday.
The queen, accompanied by the Princess of Wales and
Princess Helena, drovo out this morning, attended by Lord
Charles Fitzroy.
The Prince of Wale' went out shooting, attended by Lord
Methuen and Major Teesdale.

The Duke of Nemotus and the Princesses of Orleans left
the Cutle this morning.

o
Nov. 31
The Right Hon. Sir George Grey arrived at the Castle
yesterday.
The royal dinner party included the Prince and Princess
of Wales, and Princess Helena, the Countess of Callon,
the Countess of Macclesfield, Lady Caroline Barrington,
the Hon. Mrs. Bruce, the lion. Caroline Cavendish, the
Hon. Flora Macdonald, the Right Hon. Sir George Grey,
Majer.Geoarel the Hon. A. and Lady Mary Hood, Colonel
H. and the lion. Mn.s Po:mashy, Dr. Janus, Dr. Holz-
mann, Mr. Woodward, Lord Methuen Lieut.. Colonel
Kingecote, Lord Charles Fitzroy, Colonel the Hon. A.
Harding., Major Teesdale, and the Master of the House-
hold.

The Queen, the Prince and Princess of Wales, Princess
Helena, and Princess Beatrice, the Ladies and Gentlemen
in Waiting, attended divine service this morning in the
private chapel. The Hon. and Very Kee. the Dean of
Windsor officiated, and administered the Sacrament of the
Holy Communion.

Despatches were sent on Saturd►y from the Colonial-
ottioe to the Governors of Canada, the Bahamas, Gibraltar,
Malta, the M►uritius, Hong Kong, Ceylon, Labium, and
the initialler' colonies.

Their Royal Highnesses the Count and C,ouutees
de Paris had a dinner party on Saturday at their resident*
at Twickenham. Among the company were their Royal
Highoesses the Duke and Duchess de Chartres, the Duke
de Nemours and the Princess Marguerite d'Orleses, the
Prince and Princess de Joioville, the Duke and Duchess
d'Aunsale, his Excellency the Spanish Minister sad Madame
Comyn,
The Earl and Countess of Wilton have arrived at
Drakelow on a visit to Sir Henry and Lady Sophia Dee
Vomx, after passing some days with Lord and Lady Egerton
of Tattoo, at Tattoo Park.

Viscount and Viscountess Grey do Wilton have
been staying daring the past week with the Earl of Sefton,
at Crorteth Park, Liverpool.

Major-General the Hon. James and Lady Sarah
Lindsay and family have arrived at Thomas's Hotel, Berke-
ley-square, from Scotland.

The marriage of Lieutenant-Colonel Farquhar-
son, of Invercauld (Scots Fusilier Guards), with Miss Eliza-
beth Louisa Oswald, eldest daughter of Mr. A. Oswald, of
.Aucbincrui•e, and the late Lady Louisa Oswald, and niece
of the Earl Craven, took place on Saturday at St. George's
Church. Hanover-square.

In consequence of a domestic bereavement Mr.
Bright will be noable to attend the watt"( at Rochdale on
the 23rd inst.: at which Mr. Cobden will be preeent.

On the 16th of next month the Royal Academi-
cians will meet to elect two members in the room of Sir
John Watson Gordon anl Mr. Dyne, deceased.

TIM EARL OF DERBY.—We (Lirtryoul Albion)
are happy to state that his lordship is now oat of danger ;
but hui attack having been a very severe one, he is still
weak.

PRIVILEGE.; OF THE UNIVERSITIES.—A abort time
since we announced that actions had been commenced by a
senior fellow of one of the leading colleges at Oxford
against the Chancellor (Lord Derby), Vies-Chancellor,
Assessor, and functionaries of the Vice-Chancellor's Coat,
for an illegal arrest, and we are now informed that the
privileges of the university, or its court, hare received •
further blow by the wholesale issue of writs in the Court of
queen's Bench against resident members of the university,
by • well-known legal firm of Oxford and London. The
proceedings have caused some degree of consternation in
the university and city, as it was generally conceded that
the autboritiee of the university o-uld claim jurisdiction
over their members, and • special meeting r f the delegates
of privileges in the university was convened lost week to de-
termine on • course of action with regard to the said writs.
The result has been that the university solicitors, Messrs.
Morrell and Hawkins, have been instructed to appear and
clam ovnectaerr, and a discussion on the important ques-
tion may be anticipated every day before the Lord Chief
Justice nod Justices Crompton, Mellor. and Ghee. The soli-
citors whose names appear on the writs, it is said, rely on
the University Neform Dill.

SMITH FIELD Cbru CATTLE SHOW.—On Saturday
the A4iicultural Hall was visited by some of the members
of the council of the Smithfield Club, with a view to con-
sult with the directors art to the arrangements for the
accommodation of the largely increased number of animals
which the entries of the present sear are expected to
produce. Notwithstanding the increased space which the
Agricultural Hall at Islington affords, it will be taxed to
its utmost limits to accommodate comfortably all the
specimens of live stock, unless the practice is dispensed with
of letting the side opaces under the galleries for the exhibi-
tion of the heavier description of implement.. Last year
about 30 of the cattle classes had to be located in the minor
hall, sod this rear there are 45 more to be accommodated.
The entries in the Devon., Herefords, and Shorthorn.
are unusually large, whilst the Duke of Richmond will
have a more than ordinary show of Southdowns, and will,
in all probability, again bear off the honours in that class,
the formidable competitor, both of the present as well u
the late duke, Mr. Higdon, of Hove, near Brighton, not
being an exhibitor this ye►r, by reason of being one of
the stewards of live stock. Lord Valaingham, the late
president of the club, has also entered for the Leine..
tershire breed., and the competition in these classes
is expected to be very keen. some of the moot celebrated
breeder. of those descriptions of sheep having entered.
Mr. John Clayilon, the chairman of the Agricultural Hall
Company, has entered some pens as well as single speci-
mens in extra stock of the celebrated breed of the late Mr.
Jonas Webb. The whole of the animals must be at the
hall before ten o'clock on the evening of Saturday, Decem-
ber 3rd, and the adjudication will be so divided that the
judges are expected to make their awards by two o'clock on
.pouchy, the ::tb, at which hour the show will be opened to
private view to members of the club, to the press, and to
the public, at Ns. each person the general or public opening
taking place at eight o'clock ow Tuesday, the rib, and coo-
tinuing daily till the evening of Friday, the 9th, when it
will Busily close,

LAINST lITKLLIOENCt

• . • AMERICA.

ELECTION OF PRESIDENT.
ARRIVAL OF THE CANADA.

(=nines TaloaAm.)

The Royal Mail steamer Canada, from Boston
on the 9th inst., arrived at Queenstown at 2 a.m.
She brings 70 passengers and 25,414 dollars in
specie. She landed 75 sacks of mails and 4 pas-
sengers and proceeded immediately ; all well. She
experienced severe weather, and was detained at
Halifax by fog.

NEW YORK, Nov.B, Rums°.

General Butler has assumed the command of the
troops in the State of New York, and has estab-
lished his head-quarters in this city. He an-
nounces that sufficient troops will be detailed
for duty in the eastern district to preserve peace,
and says that if the government had not received
information that a raid similar to the St. Albans
raid was contemplated there would have been no
necessity for precautionary measurei. Soldiers
will not interfere with the liberal franchise, and
will see there is no interference with the elections
unless the civil authorities are overcome by force.
The election to-day has proceeded quietly as far
as is known.

It is positively asserted that General Butler has
warned several prominent gold brokers that they
must not speculate in gold to the detriment of
the government.
Sherman's head-quarters were at Gaykarate on
the 27th.
The New York Herald asserts that he had sent
one corps to Decatur to operate against Hood, and
moved the remaining five corps. to Atlanta for au
offensive campaign.
It is reported that Hood with the remainder of
his army bad succeeded iu crossing Tennessee, with
his batteries, between Paducah and Joluisoneville.
His forces are 12,000 strong and 15 guns. He cap-
tured and destroyed the Federal gunboats and tran-
sports at Johnsonville, securing the officers, crews,
and a considerable amount of stores and artillery.
It is reported that the Federate had evacuated
Johnsonville.

A report has been received at Nashville, which,
however, requires confirmation, that Hood having
attempted the passage of the Tennessee, at Mount
Blue Water, had been repulsed with considerable
lase.

Hood has issued an address to his troops, stating
that Sherman could hold neither Atlanta nor Nash-
ville, and that in the next battle he would lead them
to victory.
Price has been defeated at Newtonia by Genera
Blunt, and is retreating towards Cassville, with
large trains and a number of unarmed conscripts.

Rosecranz and Pleasanton have returned to St.
Louis.

The Federals have re-occupied Plymouth, North
Carolina. The Confederates evacuated the city
on the approach of the gunboats.
The Confederates bare enrolled the negroes in
Mobile between the ages of 15 and 45.
An enormous torch-light demonstration Las
taken place in Now York iu honour of M'Clellan.
Numerous citizens in Chicago have been arrested,
charged with a plot to burn the city and release the
Confederate prisoners. The democrats have issued
a protest declaring that tho arrests were made an
excuse for military interference at the polls.
Mr. Seward has made a speech on the issue of
the election. He said there was no question before
the people of abandoning the war measures against
slavery or of changing the object of the war from
the maintenance of the union to the abolition of
slavery. Slavery was the mainspring of the re-
bellion, therefore the government strikes every-
where. The government will not abandon
the conflict until the majority of the people
desire it shall be abandoned. If Lincoln
was elected the rebels would humbly sue for
peace. He would never surrender to the rebels.
He wanted no armistice, no cessation of hos-
tilities, no negotiation with armed rebels.
The privateer Chickamauga continues her depre-
dations.

It is reported that the Canadian steamer Georgina
has been fitted out as a privateer, and is now on
Lake Huron. The steamers Annie and Lucy have
been captured.
The American and the City of Baltimore have
arrived out.

NEW YORK, Nov. S. EC ENING.

Money easy. Gold 244 Exchange on Lou-
don, 273 ; ditto Paris, 2.7 i to 2.12. Stocks steady.
New York Centrals, 126 ; Illinois, 1271 ; Erie,
10041 ; 5-20 United States Bonds, 1008.

NEW YORK, Nov. 9, Momato.

Abraham Lincoln and Andrew Johnson, of Ten-
nessee, have been elected President and Vice-Pre-
sident.

NEW YORK. Nov. 10.

Advises from General Grant's army state that
heavy rains prevented any hostile movements by
either army.

Arrangements have been made for the exchange
of all sick and wounded prisoners.
It is reported that several New York merchants
have been summoned to Washington to answer
charge,' connected with blockade running.
Gold, 23312 per cent. premium.

NEW YOLK, Nov. 10, E%-CCING.

The Presidential election has passed off quietly.
Abraham Lincoln has carried all the states except
Jersey, Kentucky, and Delaware. His majority is
223,000 votes. M'Clellan's majority in New York
city is 37,000. Two-thirds of the Cuugress are re-
publican. Seymour's election is doubtful.

It is reported that Sherman has burnt Atlanta,
destroyed the Chattanooga Railway, and marched
with five corps direct for Charleston, South Caro-
lina, leaving two corps to watch Hood. The
report is discredited at Washington, but a general
belief prevails that Sherman is making au impor-
tant movement from Atlanta towards the Atlantic
seaboard.

The enrolment of negroes at Mobile has been
delayed.

The New York Ti 111,3 states that America owes
Brazil satisfaction and au apology, in accordance
with the usage of nations, for the seizure of the
Florida.

Treasonable plots bare been discovered at
Toronto.

NEW YORK, Nov. 10. Evnix,:.

Money easy. Gold advanced yesterday to 260,
but has declined since to 243,5, iu consequence of a
rumour that government intends selling it for com-
mercial purposes at 50 (150 ?) per cent. premium.
Exchange on London, 266 ; Paris, 2.9 to 2.11.
Stocks slightly firmer. New York Central, 1262 ;
Illinois, 128 ; Erie, 1021 ; 5.20 Bonds, 1011.
Cotton quiet. Middling Upland, 142 to 143.
Flour declining. Wheat quiet. Corn and provi-
sions good inquiry.. Coffee slightly firmer. Sugar
firmer, and moderate demand. Molasses steady.
Petroleum : crude, 46 ; refined, 71.

the nate Telegram.)
NEW YORK, Nov. 8.

General Butler formally assumed the military
command of New York on the sth. He declared
that he would not interfere with the elections unless
the civil authorities failed to preserve the peace.
He promised that every citizen should be pro-
, tected in the right of suffrage by the whole power
of the government, and declared that the Federal
armies were ministers of good, and not evil, and the
soldiers the safeguards of constitutional liberty. He
threatened at the same time the punishment by the
Federal government after the elections of all who
should be detected in offering fraudulent votes.
The Confederates reconnoitered Grant's left, and
after considerable skirmishing and the loss of a
couple of hundred men on either side the Confede-
I rates returned to their intrenchments.
Early is still at Newmarket.
Sheridan is at Middletown. Many of his horses
have died of starvation. All attempts to secure
forage to the east or west of his camp are repelled
by Mosby's cavalry, and many of the foraging
parties, together with their trains, have been
captured.
Forrest captured Jolnisonsville, Tennessee, on
' the 3rd of October, with three gunboats, eight
transports, their officers and crews, all the Federal
,stores, and many cannon. The Federal garrison
had previously evacuated the place.
General Blunt reports skirmishing with Price's
rear guard at Newtown, Missouri, on the 28th.
Price was still moving towards Arkansas.
Confederate accounts confirm the sinking of the
Albemarle, and report the recapture of Plymouth,
North Carolina, by the Federal gunboats on the
31st ult.

Mr. Seward made a speech at Auburn last night,
in which he declared that there was no intention
upon the part of the administration to abandon the
present war measures against slavery for the adop-
tion of a policy of conservatism and concession,
and that the war must go on until one side or the
other succumbed through exhaustion.
Federal officers from Chattanooga report that
Sherman has abandoned the pursuit of Hood, and,
finding it impossible to hold Atlanta, has evacuated
Atlanta and burnt that place ; also that Lee is de-
stroying the railway and removing the rails to
Chattanooga. They add that Sherman, with five
corps, was marching through Georgia towards
Charleston, South Carolina, a distance of 300
miles. This statement requires confirmation.
Confederate journals state that now, for the first
time, Lee's forces equal Grant's in number.
An offensive movement by Lee is anticipated.

The illegal capture of the Florida in Bahia creates
much discussion. Captain Collin's conduct is ap-
proved by the people, but will not, it is though;
be supported by the government.

(uurra's teutotaxs.)
PRUSSIA.
BERLIN, Nov. 21.

Lord Napier had an audience of the King to-day
and presented his credentials as British Ambassador
to the Prussian court.

His excellency afterwards visited Herr von
Bismarck.
Count Karolyi has also been received by the King.
The Prince of Hohenzollern leaves for Vienna
to-morrow.

THE ITALIAN PARLIAMENT.
TURIN Nov. 21.
.

At the evening sitting of the Chamber of Depu-
ties, yesterday, the enure financial bill submitted
by Signor Sella was agreed to by 137 to 77 votes.

LNDIA AND CHINA.
CALCUTTA, Orr. 29.

Grey shirtings linchanged. Mule twist quiet.
Exchange on London, 2s. ; Government
securitic,--Four per Cents., 93f ; Five per Cents.,
103 ; Five-and-a-Half, 1121. Freight advancing.

CANTON, Ott. 15;

Grey abirtinga and water twist lower. Tea de-
dining. Total export, 70,000,0001b5. (doubtful).
Exchange ou London, 4s. 10d.

SHANGHAI, OCT. 9.

Grey shirtings lower. Tea declining. Silk active,
but declining. Settlements, 1,500 bales. Export,
14,500 bales.

Exchange on London, GL Ild.

MAILS FOR INDIA AND CHINA.

MARSEILLES, N0v.19.

The 3fessageries Imperilles mail steamer Peluse
left this day with 144 passengers, 664 packages,
and 134,600!. specie for India and China ; and 36
passengers, 1,381 packages, and 229,600 i. specie for
Alesaudria.

OUTWARD BOMBAY MAIL.

GIBRALTAIL Nov. 19.

The Syria, from Southampton on the 12th inat.,
arrived here to-day at 10 a.m.—all well—and. will
leave at 4 p.m. for Alexandria.
She encountered very bad weather.