The Express.
London, England, 1862-01-27 00:00:00

THE EXPRESS, MONDAY R

of America, for they feel that an adverse avoid•
able event has beeu permitted to occur
through neglect and bad management. If
With this little explanation, which elm hardly
be thought superfluous, considering the bitter pre-
judice with which everything American is now
regarded by some of our public writers, we will
quit the past, and examine for • moment the
question which possesses prime interest to commer:
dal men here—namely, has America the mesas to
go on with the war I To our mind every fact
points to the affirmative. Those who talk so
glibly about instant American ruin seem really to
lose sight of all the economical bearings of the
matter. Had America exhausted herself pre-
viously with a large foreign expenditure, or were she
now exhausting herself with a wetly foreign war,
there might be • prospect of an early termination
of the contest from inability to continuo it. But
the facts are quite otherwise. As we
have shown, America has economised in
her import trade in a manner almost
wonderful. She also drove an immense and very
profitable business in grain and flour, and sold at
very remunerative prices her last cotton crop.
Europe, in fact, was laid under severe financial
pressure to provide the money, which went to
America in hard cash, and remains there. Then,
again, the whole of the war expenditure takes
place at home, with the exception of the com-
paratively moderate sums which are paid to Europe
for military equipments and similar purposes.
Finally, as we have already proved, the American
people have hitherto really escaped war taxation.
The strong boxes of the Eastern capitalists
have been filled with Government securities,

and the New York banks have patriotically
taken them to an extent which may
hereafter embarrass them not a little ; but
we would direct the particular attention of our
readers to the feat that the taxable capacity of
the country has as yet scarcely been subjected to
any unusual call whatever. Its resources are very
great, after so many years of progress and rapid
development. American economists do not hesi-
tate to express a conviction that the country could
bear well, for a time of war, a taxation (including
Customs duties) of 40,000,0001. a year ; and
when we recollect that the population of
the United Kingdom pays 70,000,0001. a
year in taxes of one kind or other, the
estimate does not appear exaggerated. The
best financiers in America argue that, by at once
raising the scale of taxation so as to produce
30,000,0001. or 40,000,0001. a year, by limiting
the issue of the new paper currency as much as
possible, and by making it payable to the govern-
ment for all kinds of taxes, the war may be pro-
secuted with great energy without any further
financial collapse. As we have before observed,
one of the greatest evils of the new system of an irre-
deemable paper currency is its imminent liability
to be abused. There is certainly a great difference
between the 7,000,0001. which represented the
produce of taxation in 1861, and the 30,000,000/.
or 40,000,0001. which proper principles ra-
tquire should be raised in this way, if the
perniciously inflating, yet at the same time de-
pressing effects of a vast imam of government
paper are to be mitigated. Now is the time for
the American Congress and people to repair pest
neglect, and to show their public spirit. Should
they adopt the prudent and self-sacrificing plan,
they will be able to carry on the war all the
longer, if need be. Should they, on the contrary,
shirk the obligation, and trust mainly to issues of
government paper, as they have done hitherto,
their future embarrassments will be far heavier,
but even in this case we would' refer to the
struggle which Russia maintained against England
and France, as a pica of what may be accom-
plished even by means of paper issues by
a country far less wealthy than America.

ebt Court.

__....__
OSBORNE, Jas. 26.

The Rev. G. Prothero performed the service this
morning at Osborne before the Prises of Wales, Prince
Arthur, Princess Helena, Princess Louise, Princess Hoban-
lobe, and Prince Louis of Hum

Earl Granville, Lord Freakiest, will give a dinner to the
Cabinet ?dinistere and the peat °Beers of the Queen's
Household on Monday, the 3rd February, at his residence at
Bruton-street. At, the meeting the roll of High Sheriffs for
the counties of England and Wales for the present year
will be arranged previous to its being submitted to the
Queen in Council. The noble earl will give a fall dress
dinner on Wednesday, the sth instant, to the grower and
seconder of the address in the House of Lords and a part)
of peers.
Deapatches were received an Saturday at the Colonial-
aloe from the Governors of Gibtaltar sad Cased► Des-

patches were tent to the Governors a/ the North American
Provincel. Bermuda, to the Lord High Oeermisaiooer of
_ _

the Isaias Idasda, s.l tow Owens; cd Yalta.
Deepstchee were noised yesterday at the Coloni►l•oflic
(ran the Governors of the Cape at Good Hope sad Natal.

Prince Louis of Hesse will, it is expected, remain
co a visit toiler Majesty, at Osborne, until after the arrival
el Prince Alfred, who is expected almost daily. Prim
Louis will thee Moro to the continent for a short time.

The Duke and Duchess of Roxburghe, Lady
Charlotte lanes Ker, and the Marquis of Bowmont, have
arrived at the Clareodon Hotel from Scotland.

Lord and Lady Rendlkeham have returned to the
Clamed= Hdel from iteadlesham Ball, Woodbridge,
Suffolk. _ _

Lord Abereromby has left the Clarendon Hotel
for Scotlaod.

The Earl of Hardwicke has left town for Witnpole
Hall Cionaridisshiss. Her ladyship remains is town on •
visit to Mr. sad Lady Elizabeth Adeane.

Viscount Royston leaves Wimpole Hall, Cam-
bridgeshire. today, for Mottos Mowbray, on a visit to Mr.
sad Lady Nary Cravat).
_ _ . . .

Lord and Lady George Quin have arrived at their
'widen°. in Belgrare•sgeere fur the swoon.

- .
Lady William Poelett arrived at her residence in
arson-street on Saturday.

Sir George Coruewall and Lady Theresa Lewis
and Miss Lister come to tows today from visiting hie Fa-
celleacy the Belgian Minister sad Madame Yea de Weyer,
at New Lodge, Windsor Forst
. .

Colonel -and Lady Louisa Douglas Pennant are
entertaining a select party at Penryis C.utle, Carnarvon.
shim The colonel and her ladyship and family will leave
Poems early neat mouth for Wickes Park, Stoney Strat-
ford.

Sir John Ogilvy, 111. P., and family have arrived
is town from Boatload. Sir John has taken Kent House,
Koightehridgra, labs the residence of the Earl of Morley.
The Hight Hon. B. Disraeli and Mrs. Disraeli
have r4urned to Crosvenor•pte for the mama, from a visit
to the Marquis and Marchioness of Salisbury, at Hatfield-
hewn, Herta. The right hon. gentleman has issued cards
of levitation fora parbamentery dinner on the sth proximo
to a circle of his eupporten in the Hoses of COMM/0M

A meeting of the British resident/1 in Paris is to
be beldam Wastuday, to exproot their feeliop of rogr4 at
the leash of Palma Albert, and their sympathy for the
Queens la her honovemost.

The paddl►wheel steam yacht Osborne, 2, Mu-
ter H. K. Bower, left Plymouth oci Saturday evenityy for
the Mediterranean, to be in attendance on his Royal High.
nem the Prince of Wales.

Sir Thomas Cochrane, Ci.C.B., is to
receive the good service pension placed at the disposal of
the Admiralty by the death of Admiral Sir Edward D.
King, K.C.H. Captain Arthur Forbes is appointed a
naval aide-dee►mp to the Queen, vice the Hon. Joseph
Denman, promoted to rearadmiral.

LIZI
AUSIOIA.
We read in tin Austriaa.lifeerke :
" The foreign policy of Austria I. this moment
the theme of a great many Correspondent', who
write from Rome and Paris. It is asked what
Austria will do in Italy, and the question is dis-
cussed whether Austria is disposed to make war.
We can calm the fears of these gentlemen. Aus-
tria will not stir from her defensive posi-
tion ; but, on the other hand, Austria has
certainly a right to put a stop to the threats which
are continually uttered against her. We have a
representative in Paris ; an ambassador who has
access whenever he wishes to a foreign Sovereign.
We believe that Prince de Metternich is instructed
to explain the situation fully to the Em-
peror of the French, and to ask him
whether it is compatible with the honour
and interests of a state that a neighbour who
has nothing to fear should keep continually threat-
ening. It is the duty of France to call upon
Piedmont to renounce this conduct which involves
an insult to France herself who concluded the
peace."

siST INTELLIGESOIR.

(asonals Tasaamts.)
THE MEXICAN INTER v ENTICE.

NEW YORK, JAN.I6, Noianto.
Advices have been received here from Havannah
to the 7th inst.

General Prim sailed for Vera Cruz on the 28th
December, accompanied by a portion of the French
contingent, consisting of the Messina, Guerriere,
Ardente, and Astrie, with two thousand troops on
board.

The Aube, the Montezuma, the Berthollet, the
I*rdiairi (0, the Chaptat, the Milan, and the
Marie had since sailed for Vera Cruz, The British
vassals Spiteful, Nimble, Plover, and Challenger
had sailed for Cape Antonio, en nook for Vera
Cruz.

News from Vera Crus to the 25th Dec. announces
that Sir Charles Wyke arrived at Vera Cruz on the
24th December.

General Gasaett had established a custom-house
at Vera Cruz, and General Greg& had established
another five leagues from the city.

The Mexican Monitor believes that Mexico can
put into the field 150,000 men, with a of 100
pieces of artillery. It states that thhe'Me:icana
would make radstance at Tampico.
General Uraga had all the passes to Vera Cruz

defended by 20;000 men.
The British steamer Labiran (T) sailed from Sa-
vannah on the 28th December for Matamoras.

Juarez had issued a proclamation urging the

Mexicans to forget their differences and unite for
the protection of the country.

RUSSIA.

BP. PETERSBURG, JAL 26.

The Gazette of the Senate publishes an Imperial
decree, according to which all Jews having obtained
a medical or other diploma from one of the Univer-
sities of the Empire will be eligible for employ.
ment in any branch of the public service.
By this decree, also, Jewish merchants are hence-
forth permitted to take up their residence in any
part of the empire.
Jews who are attached to the Ministry, in the
quality of professors, inspectors of schools, or school-
masters, are exempted from taxation and may
receive decorations.

ITALY.

NAPLES, JAS. 24, EMNING.

The band of brigands which infested the environs
of Gargano has been dispersed. Twenty-four of
the brigands were killed.
The municipality and National Guard of Torre
del Greco have protested, in writing, against the
acceptance of any succour from Francis 11., for the
sufferers by the eruption, as such succour, states the
protest, would come from hands dripping with the
blood of Italian citizens.

DIRMARK.