The Express.
London, England, 1865-12-22 00:00:00

TEE EXPRESS, PRIMA EVENING, DECEMBER 22, 1865.

prey of an idle crowd of placehunters and parasites,
than the spectacle of a million and • quarter of
people managing their own affairs, saving their
money, and paying their debts. Such was the all-
wise policy of the Great Powers in our enlightened
era. The consequences are not far to seek.
A bankrupt Government, • demoralised people, ono
noisy city where all the money goes, and all the
rest • barren country, infested by picturesque gen-
tlemen who soon begin again to find the pillage of
young English travellers better sport and better
pay than office and responsibility at Athens.

common with the conservative party. Mr. Bright's denials
and sesertioas have iavolved bolder sad more absurd oors•
tradictioes. bat it comet te questioned that Lord la
has always sited with the conettvative party ; tbe
Herald proceeds further Mier to lin 118 " a rising sew
eervative statesman " sar distinguished leader of the
tory party.* at also appirently to adept Id.supelicree
respecting the further development of the system of chow
Ibets of commerce.

MISCELLANEOUS TOPICS.
The Times enters into a fresh examination of the plans of
the American Minister of Fiollloll/2 founded oa Mr. !Mul-
lah's report to Congress, on the oondition of the Treasury.
It assumes that if any fight arises A will take place over
the question of the national debt, pre-eminently the qua-
Con whether the present exemption of Federal bonds from
State and municipal taxation shall be extended to bonds
which may hereafter be issued. The Times observes that the
existing bondholders of the United States Treasury are not
only preserved from especial badman, but are endowed with
especial privileges. They are exempted from contributing
to an expenditure which they hare a vole° in authorising.
This last consideration alone ought to be sufficient HI deter-
mine Causes not to extend the existing exemption, and,
supported as it in by other arguments, ought to overpower
Mr. !Mullah's reasoning.
Regretting that there should still remain the germs of
angry discussion between the limited State. and this
country, and attributing a desire for peace to the govern.
meet and the people of both countries, the Daily News
discusses again the question of arbitration, quoting the re-
commendation of the Timor to Chili to accept the good
officals of France and England in its dispute with Spain,
and asking why the government of England should not
follow the example of the government at Madrid.
The Timm strongly condemns the conduct of Sir Charles
Darling and the Victoria Assembly. In these days of depu-
, talons, can nobody be found to ask the government, not
hew long this revolutionary Ante of things is to go on, but
how long the revolution is to be headed by a Governor
whose function is worse than useless if his first duty be sot
to inculcate, both by precept and example, obedience to
the law as declared by its authorised expounders! If
the contest is carried much further it must inevitably
assume the form of a coafliot with the mother country.
If thews oommunitise are to remain parts of the British
empire they must not believe that they can obtain all*.
gismos to the Queen while setting up the authority of a
single branch of the legislature in defiance of the
erdi-
minces which hare been passed in her name.
The Star sets great value upon the letters of Mr. Fitz-
gerald, late Minister of Native Affairs in New Zealand,
to Mr. Adderley, and draws from them the conclusion that
the cause which has produoed so much misery in Jamaica
and New Zealand is the treatment of the 'colonist as a child,
keeping from him the power of self.government, which is
his due.
The Times claims the complete change of system which
it is said has just taken place in the supply of bread and
butter at Christchurch as another illustration of the
powerful influence of the press. Having given
the dean great credit for so promptly aiding in the
remedy of what was amiss, the Tones urges a wider appli-
cation of this little piece of economical reform, expressing
a belief that a dinner might be supplied for less than two.
thirds of the amount which is now charged in many of the
colleges. To poet men to whom every pound is sa object this is
of great importance. There is no reason to believe that
undergraduates would find any advantage in entering at the
University without satiating at a college, if the collages
really took pains to give their members their board at mo•
dente prices. If the colleges will feed and teach men at
cost price, and let them lodge themselves' in the town as
cheaply as they pies.., the Times cannot conceive bow the
expense of education could be further lessened by any pm
aible machinery.

I4.Min INTELLIGENUE.

(3110111e8 TILLZOILLIN.)

THE MINISTIIRIAL CRISIS IN ITALY.
FLORENCE, Dim. 22.
General La Marmora has been entreated with
the formation of a new cabinet, and it is expected
that he will accomplish this task to-day.

TURKEY.
CONSTANTINOPLE, Du. 14.
(Vie/LusaSee.)
The contractors for the conversion of the Turkish
debt have protested against a new loan being ob-
tained by the government.
A new commissioner has been appointed by the
Porte in the Suez canal question.
A great revolt of the Circassian emigrants has
taken place at Mouseh. Many lives were lost.
The cavalry is about to be reorganised on the
French model.

THE INDIA, CHINA AND AUSTRALIA/
MAILS.

SOUTHAMPTON, Dso. 22. 1
The Peninsular and Oriental Steam Navigation
Company's steamship Masailia, with the heavy
portion of the above mails, has arrived here
with 83 passengers, 3,2281. in specie, and 703
packages of general cargo.
From Alexandria to Gibraltar the biassilia ex-
perienced north-easterly gales, with heavy sea.
On the 15th instant she fell in with the
French schooner Diligente, having signals of
distress at her masthead. The Manilla made
towards her, found that she was in a sinking
state, and received signals that the crew wished to
abandon her. The Mensal& remained by the
schooner for eight hours. As a tremendous sea was
running, and there being no prospect of the weather
moderating, the second officer and four men
ultimately volunteered their services, manned one
of the Manilla's boats, and rescued the crew, who
were landed at Gibraltar.

GIBRALTAR, Mt'. 17•

Exchanges on London, 494 ; on Paris, 523 ; on
Madrid, par. Premium on 5 franc pieces, 1 per
cent.
The war ships Racoon, Redpole, and Skylark,
and the French vessel Dix Decembre, were in the
harbour.

AMERICA.

ARRIVAL OF THE NORTH AMERICAN.

(Vii GroaticasilL 1

NEW YORK, Dm. 0, AniaticaN.
Money abundant. Gold, 1441. Exchange on
London, 159} ; ditto on Pans, 3.55. Stocks dull.
New York Centrals, 963 ; Illinois, 132 ; Erie, 92} ;
Five-Twenties, 102 t. Cotton heavy. Middling Up-
land,4Bc. to 49c. Flour heavy. Wheat and corn
dull. Provisions steady. Coffee very firm. Sugar
quiet. Molasses steady. Petroleum very dull
—crude, 41ic. ; refined, 65c. to 66c.