The Express.
London, England, 1865-11-06 00:00:00

OHN BROGDSN'S GOLD CHAINS.

DEN BROGDZWEI GOLD GL MID ORAINS.

-OHN BROGIDEN'S GOLD ALBERT CHAINS.

JOHN BROGDKNIMOLD BROOCH CHAINS.

'{TINTER OVEROOATB of the BEST
MATERIAL/I an Mot to Inspection or mak at
BA-MILTON and KIM I TON'S,
Tailors Rad Overcoat Makers,
106, STRAND, apposite Meter Hell.

DR. DB JONGH'S LIGHT-BROWN COD-
LIVEN. OIL, prescribed with extraordinary memos In
cases of consumption, diseases of the chest, chronic bronchitis,
sod coughs, and debility of adults and children. Invariably
pure, uniformly excellent, palatable and easily taken. Universally
recognised to be incomparably superior to every. other kind.
Bald only In carolled Imperial half-pluts, tke 6d.: Mt% 4s. 9d.:
quits. 9s. by respectable chemista—Solo Conalsincess
HAYFORD, and Co.. 77, Strand, London, W C.

T ONDON muet have a Supper for
Music Room
.1.• for Geathweert —asonembew we wait for you at EVANS'S
alter the Covent Garden Opera and the Theatres.

%the eviortoo.

TO 00/PASIONDENTS.
tolvertisementa blended far "The Uproot • London Evening
mule be an tin Moe, 11, Eativerleetrvet, by Two
I=k on the day of pabikelioe.

11AYMARILICT.
13MINO, TORRE irsimi siriut mmuum m.—
ynyr. r. Charles Mathews, Ur. Rowe : ss Melly Moore,
IL Fitzs Mdllism.—TUE GOLDEN YLRECE MiMows. choir./
Mathews awl Compton: Mn. C. Mathews.—And the DAUM.

rantexass.
THE tram, AN AMPLE APOLOGY.—After which IT IS
NEVES TOO LATE TO MEND. Mews. Vining. G. MaMD*,
T. Mead, D. Murray, b. Wham, F. Villiara. J. O. shore, G. Mur-
ray, and E. Cath.virt: Wow L. Moore and I. RoJgers.

BRITANNIA.
Tern amnia, THE IN7ANTICIDL —The rtAut..—rnrL
A DBOIL & Las. —Mirka, Havant and his automata.—
GVY FAWIC&i.—And a Grand Display of Finivorls.

HIGH WAWA AT LONDON-BEI/OIL
TIN DAY Moratei, Sh. Sam.....Alleaseoo. 411. la.
To.SAAAGS, •-• Morsing. 0. Itai.....AiiillOce. 411. 48M.

LONDON. MONDAY. NOVEMBER 6.

THE Board of Trade Returns that have just been
issued sufficiently exemplify the recent extraordi-
nary revival of trade. Our exports have advanced
from 14,158,648/. in August to 17,316,681!. in
September, an augmentation of more than 22 per
cent., of which nearly one-half arises from the in-
creased demand from the United States. The next
returns for the month of October will in all pro-
bability show even more striking results, since
during that period the effect of the large orders
from America was chiefly experienced. It
is satisfactory to know that the present
increase in our exports is solely due to
safe and legitimate enterprise, and that no
ground exists for attributing it to reckless epeculer
tion or overtrading. In 1857, for example, the
case was precisely reversed. While month after
month the public were congratulated upon the
rapid extension of our export trade, none suspected
that the apparent prosperity was almost entirely
caused by the efforts of bankrupt firma to avert for
the time their inevitable failure, by continuing or
increasing their transactions at all hazards. No
such supposition can be entertained now. Trade
is both safe and exceedingly prosperous, and ap-
pears likely to remain so for some time to come.
With an extended commerce, and consequent
activity in the manufacturing districts, it is only
reasonable to expect a corresponding demand on
the circulation. Hence, although 154,0001. in
foreign gold was taken to the Bank during the
week comprised in the last return, nearly an equi-
valent amount in sovereigns had been withdrawn
for:internal purposes. The operation, therefore,
of raising the rate of discount to 7 per cent. is in
a great degree nugatory. So far from money being
attracted to the Bank, it is with difficulty that the
previous position of that establishment is main-
tained. For several weeks, indeed, the reserve was
only protected by the expedient of borrowing large
sums on Government stock ; and although the last

,
account shows that it has not been lately neon-

Nary to continue that process, except, perhaps, to a
slight degree, it may have to be re-commenced at
any moment. It is certain that the notes now
held by the public are so far really wanted that
the artificial pressure of 7 per cent. will not suffice
to bring them back. It is a satisfactory proof of
the profitable character of our present trade that
restrictions which in ordinary times would be
almost fatal to business, now, although they
infikt suffering, at least do not stop com-
merce altogether. Under these circumstances it
would become a matter for congratulation rather
than distrust if the Bank accounts should remain,
in the customary phrase, unfavourable. Our cur-
rency laws, however, forbid this feellug. Every-
thing is made to depend upon the reserve of the
Bank, and to maintain this item at a satisfactory
point the interests of the community at large must,
if necessary, be unhesitatingly sacrificed.
It will be useful to contrast the changes which
have taken place in the accounts of the Banks of
England and France during the past month, since
they show how far better the system adopted
abroad accords with the general wants of commerce
than our own. In the first week there was a con-
siderable presents upon the available resources of
either institution as follows :

13:071( OF IMOLA-ID
Other securities, inccesee
Circulation, iaareaae
Balhos, dermas
Reserve, decrease

£1,647,964
1,288,27,8
776,982
2,002,497