The Express.
London, England, 1865-04-17 00:00:00

THE EXPRESS, MONDAY EVENING, APRIL IT,

with large assets, but realisable only
pit•
dation that would leave them with
in the pound to meet their liabildinsOne nevi
recommended to suspend paysight:T-if did A
and ultimately paid its onglifull.
then an actual panic predine4`ll‘ 50510.4.
Igloo Ina not necessarily associated with mercantile
dishonour. In the put year, on the other hand,
hardly one instance can be pointed out where the
creditors will be paid in full. It is therefore in
this manner that • semi-crisis is often more pro-
ductive of loss than a genets' convulsion.
The admirers of the Bank Charter Act claim
that in the peat year only it has been thoroughly
tested. What pounds there can be for this
assumption it is impossible to imagine. How was
the Bank Act more thoroughly tested in 1864
than in 1847 and 18671 It is nom} matter of
conjecture, but of absolute fact, its relaxa-
tion in the latter period stopped the crisis.
It is equally • matter of fact that the re-
laxation was universally demanded by the trading
world, and that it was proved to be necessary by
a demand for notes which could only be supplied
by exceeding the statutory limit. It is also
equally certain that the currency was not depre-
ciated one farthing by the additional issue, a five-
pound note being equally worth five sovereigns, on
the 15th and on the Ist of November, 1857. The
avowed object of Sir Roaray Pau. in panting the
Act of 1844 was to prevent the currency issued
on the credit of the nation from becoming de-
based. Since the relaxation of the Charter did
not canes this result, how can it be said to militate
against his prinelples, assuming even their correct-
ness t No argument has or ever can be brought for-
ward to contradict the practical proof of the ill-
working of the Act, shown by the events of the
autumn of 1857. So strong, however, is the
power of & crotchet that it serves to countervail
'he lessons taught by practical experience of
mercial affairs.

Camels Cooacm—A Cabinet Council is UM-
mooed for Saturday afternoon, at Viscount Palmer-
eton's official residence, in Downing-street.

Sta Colin.

WINDSOR CASTLE, Aesn.ls.
The Queen, accompanied by the Princess Helena,
walked aad drove in aka polka& yeatakday ~nom
Prisons Louise also walked Is the groawlm. attended by
Lady Churchill.

April.l6.

The Queen, Prism Alfred, Prisons Helene, Penang'
Louise, Prince Leopold. Frini.vn Beanies, and the Doke of
Cambridge. and the Ladies and Geatienss in waiting, at.
sanded Divine service this mends( is the priests chapel.
The Hon. and Very lien. the Dean of Wisdom Minna-
tired the sacrament of the Holy Osniannion.
Her Majesty, accompanied by the Prisms Louis, drove
over to Dropmore yesterdny aftersooo, attended by the
Hon. Mrs. Bras end the Has. Ivey Kerr. Major Omani
Seymour ass also in sneakers es bereebeck.
Fines Alfred and Prisons Helena went out riding, at.
ended by Lady Churchill, Colonel the Hon. A. Liddell,
sad Lieutenant Haig. . .

Priaooes Brericie took a wrier drive.
TM Cake ci Cembridp, &Medea by Lientemat-Colonid
H. Clifton, mined at the Guth yesterday.

A donut:Hoe from the Goma Medical Council, as to
=sodomite in the Medical Act, ronsistimg of Dr. Burrows
(president), Mr. Arnett, Dr. =drew Wood (Estinbargh),
Dr. Stokes (Dahlia), Dr. Hawk= (registrar), aid Mr.
Ourry (solicitor to the unseen►, traamotal basin= at the
Hoene-on= co Saturday.
The Right Rev. she Bishop of British Guiana had as
interview with the Right Hee. Edward Oardweil, at the
Oolooisloake. oa Sxturday.
Deepstches were received on Saturday at the Colonial.
cake from the Govern= of the Weet ledis Islands and
Cased*. Deepstobes were meet to the Caveman of the
West ledie Islands, British Oelumbis, the North =Grimm
Provisoes, and Bermuda.
The Right Hoe. the Chao:eller of the Exchequer left
town on Saturday for Brighten.

His Majesty the King of the Belgians, attended
by Count de Moarkorke, Dr. Swig, sad suite, will, accord-
ing to the latest armagerneats, Lave Windsor Castle to-
, morrow afternoon for the Cooties:it. The King will remain
fee the night at Dover, sod embark for Brussels the next
day.
His Royal Highness Prince Al'red, attended by
Lieutenant Haig, visited the Chapel Royal of St. George
yesterday afternoon, sad rumbaed during the whole of
Divine service.
His Royal Highness the Duke of Cambridge left
Gloucester Hama, Pi.'csdilly. on Saturday, oa a short visit
to her Majesty at Windsor Coatis.
The Earl Cowper takes his departure for Den-
mark at as early hoer this morning ca his manioc to pre-
eget the Order of the Gasser to the King of Denmark from
the Queen. Attached to the menial are the following pr-
ances :—visoount Remitter,. the Hoo. James Stain

Wortley, Colossi Towers (of tie Caidatraun Guards), the
Hoe. Evelyn Ashley, sad the Hoe. Edward Soott Gifford.
Sir Charles Young (Garter), Mr. Albert Woods (Leacastar
lierakl), sad Mr. William Coartharpe, (Pcienivant sad
Registrar), will also aceonepaay the noble earl as officers
el the Herald's collage.
The Earl of Sefton, accompanied by Major-Ge-
neral Lord Hairy Perey, Coked the Hoe. Dadisy Carleton,
sad t►e Rev. Freak Hopwood, will have town today for
Portsmouth, to embark ea hie minion to Lisboa, to preen
to the Sian of Pornapl the Order of the Garter from her
Majesty the Queen. The sable earl is expected to be ab.
seat about six weeks. _ . . .

Field-Marshal his Highness Prince Bariatinsky
sad the Prise= Bariatioaky have left Cluj**, Hotel for
Combs Royal, &nth Devoe.
The Marchioness of Kildare and her infant
daughter are both going oa favourably by the Intact
accounts from their seat in Ireland.

The Earl and Countess of Derby have been
detaised in tows by the iadifferent health of Lady Cm-
stenos Staaky. Her ladyship was much better yesterday.
The Earl of Dalhousie and Lady Christian Maple
have left Chridge's Hotel for Breckia Castle, N.B.
The Earl Bathurst is, we are informed, in very
useatishotory bast b.
Viscount and Viscountess Palmerston are our-
roustled by a seises badly party M Brookes Hall, Harts,
lociuding Mel:Jonah= et Shaftesbury sad the Wks Ash/ay,
Viesountees Jecells, and Has. Min Jocelyn.
Viscount Hamilton, M.P., returned to town on
Saturday from visiting their Hoye! Highomme the Prince
tied Prises. of Walls at Ssedriertuun, in order to mom.
pany the Earl Cowper on kb missive to Copenhagen.
I The Bishop of Oxford, who has been unwell for
some time, left tows as Saturday for the month of Prima
by the desire of bb medical advisers.
The Right Hoe. the Chancellor of the Exchequer
left town on Saturday for Brigirkm.

By the death of. vice-Admiral Sir J. Wriouga,
8.C.8., sad the coweequent promotion to gag rash
of Captain Charles Wise, Captsin•Soperintwaset at Skew-
wise, there is a maw mow the naval aides-de-eamp In
the Goma.
We (Obserrer) understand that Mr. Thrraitee,
chairman of the kleiropolitaa Board of Works, will nodes I
the hamar of knighthood on the acresioa of the wig of
the peat opt= of intereoping WPM ors both blahs et
the Mamma
ROYAL Rounentstrzat. Gomm. venial
show of melees and wing Gomm tail shoe ea flatiarday,
st the oosesty's geediwo, Beath Kensinews. The diephry
wee awamelly ketßiest. seems at the mein both eat and is
pole brag of acheardienry beeakyand hernase. if. boa
of the 2ed Life Orme performed dewing the mliwnessi.
Some al the steams far ON eerie, ealibillea of noshrtnre
wen abewly is pesition. Ameopt this visitors were Lady
Preby, the Oseniters a/ liseringiew, Omani Morey, his lb-
willeasy the Dmish ladder, Vise. Admiral fgr F. W.
Ossy, Admiral Bab.. he.

L&TEST INTELLIGENCE.

I
, NiErrskrnaosaia.) ,
.1:7 F CE.
144T10N eir HE ADDRIpMI OF ISE
CORPS LEGISIATIF. •
SPEECH OF THE EMPEROR.

PARIS. APRIL 17.

The Emperor received the deputation with the
address of the Corps Legislatif at 2 p.m. yester- I I
day. His Majesty thanked the deputation, and i I
added :—" Every year you defend with firmness
the fundamental laws which maintain a just equi-
librium between the powers of the state. The
country is grateful to you for this. tinder the
present regiir.e its life is being developed. It
sees administrative obstacles disappear, progress is
ensured, and security guaranteed. By the electoral
movement and the voice of the tribune and the
press it feels that it is free. Thus, far from wishing
to out down the tree which has borne good fruit,
the mass of the labouring classes, the clause who
possess, the men who remember, and those who
hear and read, fear the abuse of liberty even more
than the abuse of power. Continue your labours,
the object of which is the moral and material im-
provement of individuals by the education and
labour of the commune and the department, and
the extension of their powers. Without inces-
t sandy wishing to change everything, let us be
content with daily bringing a fresh stone to the
edifice, the foundation of which is broad, and can-
/ not be raised too high."
• His Majesty's speech was received with applause.

pigeon-hole at Torn, for believing dish if France
permits Vithor Emmanuel to reign in Wilde she will
carve out for herself a very large slice of Way.
The balance of flower is a time-honoured phrase
which in its *Fe has done far more dileult emu
vice thai ofiktimling a few disclaimers of the Cols.
stitutionne/ of any hankering of France towards
further aggrandisement at the expense of Italy.
M. Rouber exhorted the Italians to give up
all thoughts of Borne, for fear they should
get themselves into trouble ; but, as if fear-
ing that he might have got too far in
the execution of his instructions, he added
hastily that he did not mean to threaten but only
to advise. He gave the clerical party no hope that
the convention would not be executed ; but, at the
same time, keeping up the farcical equivocation so
well exposed by M. Jules Fevre and M. Prevost
Paradol, said that the catholic amendment was un-
necessary, because all that they wished to say
about the temporal power was contained in other
terms both in the speech from the throne and in the
address Resit. The catholic', not satisfied with
these assurances, mustered the formidable number
of 84 votes in favour of the amendment supported
by M. Thiera. Baron Benoist, however, one of the
signers, declared himself convinced by M. Rouher's
speech, and said he was now convinced that the
Emperor would never desert the Pope.
The amendment e;pressing sympathy with the
United States was supported shortly by M E. Pelle-
tan in a few eloquent words which will be remarked
on the other side of the Atlantic as well as the coarse
and insulting isterarptions of the majority. I sub-
join a translation of the Moniker's report :
H. EUGENE PILLITA tf —ln the preeest step of the de-
hate I should be very creel to the assembly, and still MOM
cruel to myself, if I were to make a speech in »immix on
the death-bed (as I fear it will be) of our lost =modems
(Laughter.) I had but a word to say to repair an omis-
rim The speech from the throne weed over Amerisa in
silence; your draft address maintains the same were;
the yellow book itself C3oilllilll on this subject ootbiog but
• pore white pep. Now it memod to us that the Ai:inclose
question was one of sulkiest importance to be treated of
otherwise than by renames. However, there is now no
003116011 for dismission, Wan» while I am speaking to
you the sews arrives that the victorious swords of Great
and Sherman have settled the question. Richmond is
takes. (Interruption.)
A Votcr—So much the worse.
M. Prisms s—Tee pro.alxvery »hellion is crushed and
the American republic is restored in all its majestic unity.
(Further interruption.)
President ScHxzniza—Gentlemen, by your isterraptioes
you only lengthen the speech.
N. Pr.irrss—Do sot murmo• so loud, I cosjore you ;
I they my hear as on the other side of the Atlantic.
(Exclamations sod noise.)
Several VoicrA—Hake an end of it.
PILLITAN —For the last four years North America
has born* the burden of the most terrible civil war that ever
ravaged a nation, and dories the whole course of this cruel
trial she never for a siesta instant entertained the idea of
suspending liberty. (Ah, ah.) She never dreamed of in-
voking the principle of public safety or opening that door
through which all political crimes make their way. But
more ; it has renewed its executive power under—we may
almost say—the very fire of the enemy, and that without
violence and without disturbusee—(iaterruptioe)—and it
his dose this so orderly and calmly that this page of Ameri-
can history is the page of honour of the 19th century.
(Oonf used and increasing noise.)
V. PEW Tra-V—Pnsidest Lincoln— (Crime of "Divide,
divide.") _ . .

Other Vorcee—Fleem the speaker.
Y. PlLLUTAll—President Lincoln felt that he held the
fate of the New World in his hands, and he lifted up his
heart to the height of his destiny ; he has abolished
alavery—(redoubled cries of "Divide")—and he has re.
stared the glorious American republic. ("Divide, divide."
Confused and tumultuous noise.)
A Mirmace—gefores silemie, Mr. President
President Souteinen—List the speaker try to get a hear-
in&
GLIINIZR P.tors—lf people would only listen, the
speech would have been does by this time.
Several Voicm—Divide
Y. SCHICEIDOI—I cannot deprive IL Pelletan of his
right to go on. It is for the chamber to listen—(exclama.
time); but, at the same time, it is for him to speak in
such a way as to iodises his auditors to hear him.
IL PILLITAX—The President asks a Mimi!s of me
which lam not able to work. It did appear to me that
wherever in the world anything great and noble was does,
Frames was present and an approving party, and I would
that my vole, this day could be heard oe the other aide of
the Atlantic with an address of congratulation to the Pre-
sident of the linikid States. (Tumultuous exclamations of
dissent) I 'asset struggle against your determination not
to hear me, and I shall sit down.
The amendment rallied 24 votes—a respectable
minority, considering that only 15 voted against
the address as a whole.
I give the names of the 24 friends of the North
for the special information of your American
readers. They are—MM. Betbmont, Count de
Soigne, Carnot, Dorian, Jules Fevre, Gamier
Pages, Glais Bizoin, Gu4roult, Haeutjens, Ravin,
Henon, Javal, Viscount Lanjuinais, Magnin,
Marie, Martel, Morin, Pelletal), Picard, Pieron
Leroy, Marquis de Pird de Rosnyvinen, Planet,
and Jules Simon.
The abstentions on this vote were very flume-
roue, and in the list I note the names of Smile
(Meier, Darimon, Thieve, and Count Welles de
Lavalette.
The following are the names of the hfteen ttho,
on the final division, after a debate of three weeks,
voted against the address :—MM. Bethmont, Car-
not, Dorian, Jules Fevre, Gamier Pages, Glais-
Bizoin, H4non, Leopold Javal, le Viscomte Lan.
junais, Magnin, Marie, Pelletan, Picard, Jules
Simon, and Thiers.
It will not escape attention that M. Thieve,
whose opposition speeches heretofore have fre-
quently not been followed by his vote, was one of

the fifteen.
M. Jules Favre is the only opposition member
upon whom the duty is cast by lot of presenting the
address to the Emperor. I know of no rule or
usage to prevent him from having a cold on the
day when the deputation waits upon his Majesty.

M. Mama' Lair STENCIL—The Indecpendance
Beigeoherseterien IL Thieve' last eppearnae is the follow-
lag term As regards Y. Thine, we an only ormakier
hie 'peen is the light of • political testament.
As there us certain mos who deny the whole of
their past lives by eallieg the what to their death-
bed, so Y. Then. the VoHeiress of yesterday,
sad the *took levee el the revolution, tares towards the
Pepe sad gives to the temporal power, that is be may, to the
irreameileable sassy of liberty sad of the espeseiss of
homes roma, the kits al repeateser. This saw Zo6Rotl.
rette kin narks the skin is oar evince, el the pained
career of the minder if Lane Philipps."
AN INCIDENT IN TEE STRUGGLE AT RICENON D.—
A morrespeades• is sensing Slierides's sehineemeals at
Five Perim Mates the followisg:—" A wheel with • shin
Ursa regissest game dews epos vs is • charge. The bayo-
nets were fixed ; the mem cease as with • yell ; their grey
voltam* mewed blush mid the .mob ; their premerni
wows. ton by grape sad bell, waved density : twin
limy hated. sad paved is valleys, but eine as sena like
the man heat the fag, depleted, but delinsised yet. is
the het hese ef the earbissere, they reed a papaw se nee.
Isla bat more calm, tad, while they premed slew, swept
all the while by man* roller, • p pal beesemee task
them is dank. It was ea awful instant ; the hewn so-
soiled; the elesegieg enema trembled like • rude
thin. but at one the minis, with nee eimusissins.
fell into • billow name, sail with maid inn
of steel Mild our el tsar The lesentes sods need
then ia yea ; di dame send brisk the elides
smarm ustß est emeseted whispers pined is emir
venom atria, aiskisig pas is thalr mast maks, sad Sim
is their savories time the cavalry Unnamed dews. The
rebehinald stand se men ; they reeled sod mesyst, and
fell ben bail.. sod Wins ; an es the grand Voir
calseel lay, main his ibrashisa with his lib."