The Express.
London, England, 1853-10-13 00:00:00

TO CORRESPONDENTS.

A boat! fl,ditt•rn t f' The Leetreae,'• eastaia:ap the ease evenhat's
.0 tole." la pattLehat every Teas lay sad Endly .a tame
fee peel.
alevertresesta art &kt for The Taprem," Lan.lr,3 Everatie paper,
meet b: at the offal, 10, Seaverie.atze,t, by T. ea the
day of p4ll'.le..gx.

II If; II WATER AT LONDON BRIDGE.
T PaT—Moillil34f, 116. EM Ahern. on, Vb. tea
—nor mug, th. 6a Afternown, Ob. Ile..

LONDON, THURSDA I', OCTOBER 13.

MANCRISTER, the great manufacturing capital of
ON empire, has received the Free Trade Clivvi ELLOK
Of the Exeffialuny with all due honours. In a city
where the fluctuations of trade, the trembling oscil-
lations of commerce, the mutations prodtt:..l by finan-
cial operations, arc felt more quickly and keenly
than in most ethers, a Chancellor of the Exchequer
mu,t. on the whole, have done his duty well,
if he is received with unanimous favour. This seems
to have hem. the case in the present instance. The Di-
rectors of the Chamberof Commerce and Manufactures
tender the Cti.vscm.tort their warm acknowledg-
ments for the eminent services rendered to the
country during tho session of Parliament lately
brought to a close." After complimenting Mr. GLAD-
BroN E on his association with Sir ROBERT PEEL in
carrying out the great Free Trade measure, and
giving him duo credit for his continuance in the
same course of policy, the Directors very significantly
wind up with a hint that it is well never to be
" weary in well-doing." They declare that they
should be unfaithful to their frog-cherished convic-
tions did they not avow that they would gladly have
seen in the improved tariff of the present year a
total abolition of the very unimportant differential
duties which still remain, and of the duties on silk
manufactures, as also a great reduction in
the duties col wine; and they add " but
trusting that these are retained only until
the national revenue shall with safety permit
the fullest application of sound principles to our
tariff, the Directors of the Chamber of Commerce and
Manufactures at Manchester repeat their deep sense
of the obligations they owe to Mr. OLADnONE and
his colleagues in office; and bid him a respectful
but most sincere welcome to Manchester."

Mr. GLAysroNi: may be quite certain that the in-
telligent commercial men who united in fixing the
terms of this Address are affected by no silly vene-
ration for his person or his office. Few of them
care for those scholastic subtleties which have made
the reputation of the CHANCELLOR amongst certain
scholastic coteries, but which threatened at one time
to create an ineradicable distrust of him as a politi-
cian amongst practical men. He may be certain that
the cordiality of the welcome he has received has its
roots in the fact that the public of Manchester
exercise their judgment in political matters accord-
lag to the maxim, " Measures, not men." Ho may
be just as certain that a popularity founded upon the
nature of the services that he has performed may be
more easily lost than gained, and that supine-
ness might weaken it, while treachery would
ruin it. The Directors of the Manchester Corn-
aserciel Association gave Mr. GLADSTONE an equally
cordial welcome, noticing graeefully the ready and
courteous attention which he had at all times ren-
dered to their official representations. The Address
of the Mayor, Aldermen, and Citizens goes more into
detail than the two others, specifying the measure.
which have had the effect of acquiring for their pro-
poser the confidence of the city of Manchester. The
subscribers dwell upon the connexion of Mr. GLAD-
SLONE. with Sir RO➢r.AT Prat, and allude to thy
seasonableness of the CHANCELLOR'S presence at
a time when the first public monument
in the city, erected by the contributions
of thousands of their fellow-citizens, is inaugu-
rated to the memory of the late distinguished
statesman. They pass in review the various mea-
sures which have had the effect of removing many
anomalies and inequalities in taxation. They find
in the Minister's scheme the principle of commercial
freedom fully recognised and largely extended, and '
point out with pleasure the abolition of the duty on
soap—the most important tax which remained
upon any article, if necessary article, of consump-
tion.
After n 'tieing with praise the imposition of '
the tax on successions, and the preparations for the
removal of the income tax, they conclude with the
usual welcome, trusting that their guest may be long
spared to witness the results of his policy in the con-
tinued and increasing prosperity of all classes in the
country.

It is neither our duty nor our inclination to blow
any very loud trumpet in praise of Mr. GLADSTONE.
His financial scheme, although it had merits, was
imperfect. It had faults which we pointed out
from the tint, the nature of which have been
demonstrated by recent events. What we foretold
would result has happened almost to the letter, and
this of itself would be sufficient to make us abstain
from joining in any extravagant eulogy on the whole
of Mr. GLADSTONed measures. But an infallible
Chancellor of the Exchequer is not to be expected,
and we are not sorry to see that Mr. GLADSTONE'S
honesty in adhering to the great principles of Free
Trade, and the general ability which ho has displayed
in the carrying out these principles, has met with
its reward by gaining the appreciation of a com-
munity thoroughly able to comprehend their value.
It is something to be able to predicate of a man
holding one of the most important government offices
in the empire, that he has advocated the same
Free 'Trade principle in adversity and pros-
perity, that he has displayed unusual talent
in carrying it partially out, and that his antece-
dents seem to give us guarantees that he will
not desert the path that is marked out for bim
by the voice of his countrymen. We remember, too,
with satisfaction the effectual parliamentary aid
given by Mr. Gt-ktistose in hooting from power
one of the most unprincipled Administrations that
ever wielded the powers of Government in this coun try.
All these are substantial grounds for public favour,
and, so far as Mr. GLADSTONE can lay claim to them,
he is entitled to his reward. Ills reception at Man-
chester was well merited. Let him, however, take
warning by the quiet hint insinuated by the Direc-
tors of the Chamber of Commerce. There must be
no pause ; still less must there be harking back. The
principles of Free Trade are gradually coming into
operation all over the world. It must be the task
of England, as she has act the example, to precede
all nations in her development of this princple; and
men holding the position of Mr. Onsnsross will
be responsible for the manner in which this is
carried out. There is a great destiny for an
honest and wise Chancellor of the Exchequer.
Whether the issue of the present crisis be good
or evil, war or peace, the duties of that functionary
will be delicate and onerous. But if Mr. Onsrisrostit
continues firm to the principle that he has adopted
he may hope for popular support in the position be
now occupies, and he may 1.. t able to earn still higher
claims to the respect and favour of his countrymen
than any he has yet put forward.
Judging from the tone of Mr. Of.At)svolvz's
'patch, there are many reasons to believe that be
recognises the condition" under which he may be
emstolued in office by the will of the nation. " I

feel true gratification," he observed," iu stating that
I I believe that there never has been a Government in
the history of this country during recent years
which has stood less upon the principles of
party - connexion and more upon the general
' support and confidence of the public than the
Government of which I have the honour to be a
member." The speaker alluded in an amusing
manlier to the annoyance that the relaxation of the
bonds of party had inflicted upon him, resulting, as
it did for the Ministry, in " a greater number of
defeats on divisions of secondary importance than
had ever been sustained by any previous Adminis-
tration." 'I he Government that is kept up by public
confidence may afford to be checked by occasional
partisan defeats. But only by faithful service under
the Free Trade banner, and by truthful reliance ou
the people, can Mr. GLADSTONE-or any other
Minister—hope for the future to enjoy power in
Frgland.

LATEST FROM THE CONTINENT.

(BT ELICTILIC TBLEGILAYII )
FRANCE.

PARIS, WEDNESDAY EVENINO.

After a fall, which at one time reached per cent.,
the French funds closed at a decline from yesterday's
quotations of 33c. to 10c. Closing prices : Three pa
Cent. Rentes, 72.8.3; ditto Four-and-a-Half per
Cents., 99.40; Bank shares, 2,800.

Letters received in Paris from Bucharest of the
30th nit. state that the Russian General had sent
400 bullock waggons to that town to fetch away the
sick soldiers to Foschani and Brawn. The military
hospitals were thus emptied for the moment, but
notices to quit in four days had been served upon
the occupiers of six large houses, their dwellings
being required for lazarettos.
The Coratitutionnel states that orders to proceed
to Constantinople with the fleets were sent to the
French and English Admirals at Btsika Bay on
the 27th ult.