The Express.
London, England, 1865-11-13 00:00:00

—ve-.-tee---....-------
Lont'lfiussoilhi argument is ouch: we day not rise tabus
the level of • is quoque, but that bb is reaosesful la
showing that if the provisieme of the American Aet had
less adopt di they would have proved simply nugatory,
though, indeed, there was no reason for taking the Ameri-
can Act as • model. It would be very unpleasant, the
Daily News eals, to believe that anything which bra taken
place between the two governments, has made improve-
meets la the legialstion, which Earl Russell snippets,
in man
un-
thusly. Lord Roussil's etstenseet of the manner in which
be dealt with every class of representations miade to
him by Mr. Adams during the civil war is, y
respects, the most interesting of all the diplomatic papers
that have been published on this subject. The Daily News
has -always expressed the opinion that if the American
Nelms oould only be referred to some tribunal which would
judge the conduct of our government, apart from the die-
appointments and resentments which have grown out of the
meent war, the Americans themselves would be astonished
of the vapidity with which most of them would melt away
o• examination ; and this paper is of a character to confirm
Nat opinion, and to increase the regret we must feel that I
the suggestion of arbitration was so deliberately refused.
The Post says the additional correspondence does not sp•
pear to carry the pending controversy any further than
before. The really important point which has been raised
is not • question respecting the peat, but respecting the
future. Are the Foreign Enlistment Acts of America and
Great Britain to remain dead letters, and are belligerents to
be enabled practically to equip as many•vessels as they
please in neutral ports! It is worthy of considera-
tion whether the law of the one country and of the
other cannot be amended with a view to the protection of
the best interests of both.
The Telegraph regards Earl Russell's despatch triumphant
as a piece of clear unimpassioned imeoning. Evidence
showing how utterly untenable is the poeition taken up by
Mr. Adams in the name of the American people, is so
abundant and ec, conclusive, that it is difficult to range it
within ordinary bounds.
at
the most conspicuous
blot on the stateemaesbip of Kr. Seward is his yielding, in
the face of such secumnistid proofs, to the clamour of the
New York mersbanM for sompsusation to which they have
not the vestige of • legal claim.
The Star observes that all arbitration in questions of
difficulty will be discredited by the result of this correspon-
donee. The American claims will continue • standing
menace and disturbance to our peaceful lel/dims, far we
can mareely expect that America will hasten to remove it
by accepting a suggestion of ;amendments in the law, which
after being made by the noble earl at an early stage of the
war was suddenly withdrawn by him as unnecessary. It is
' almost like playing with a grave subject to propose once
more, after injuries have been inflicted undvr a law which
we refused to totted because parfset, to amend that law
l while we refused to sepal/ or eves dianuas the injuries.

- -7
. of keeping their paths is tble great
commerce perfectly distina. The quer
arises, in what way detour beaks betray
• to swerve from their legiflinalatfuno-
. to trench upon the more speculative
ref the credit ameciational A glance at
'ertisemont columns of the journals during
few months, and more especially during
earlier part of the past summer, will "up-
answer. Far too frequently was the
'cement paraded that such and such a bank
" or " was instructed to invite" sub-
for the capital of some new project, and
again, the money was sought for invest-
some foreign, perhaps very distant field,
is certain that very little control can be
from this country over its application.
system opens the door to many evils,
precisely because there is a danger of its
R and becoming fashionable amongst our
it we make ourselves the exponents of
ly existing publio opinion upon the
What has a home bank, if con-
upon proper banking principles, to
introducing new schemes, especially
schemes railways, mines, and so forth—
home public ? There is a palpable incon-
• and incongruity in the proceeding, and we
• there is even a kind of deception and
~ faith involved in it. In the first place,
be asked, does the introducing bank invest
of its own funds in the new project, or
, not? If the former, it deals falsely with
shareholders, who certainly have not authorised
corporate funds to be so employed, and
could earnestly deprecate the huddling
such securities amongst their banking masts.
'utter, a deletion of another sort is practised
introducingbank's shareholders, depositors,
other customers, for the bank inveigles them
subscribing to a concern in which it dares not
' its own money. A very questionable mode
'commending an investment this must be.
apart from these consideration', we bold that
which descends to such means of squeezing
sum as commission out of its shareholders
clients—for that is what the matter oomes to
,uses its position, and seriously imperilathat pre-
fund of Cucredit upon which its entire profits and
are based. Suppose that a home bank
out a foreign railway here, and induces its
customers to go largely into the scheme, upon
faith of its endorsement, how will that bank
should the undertaking prove unremunerative
result? How many times could even
if the highest position carry out such a
motion without seriously impairing or abso-
forfeiting that position? how poorly,
would the questionable commission earned
contrast with the legitimate and far larger
of profits which it bad wilfully thrown away.
banking sucoms, be it remembered, is a matter
credit, and what is imperatively required of
- bank is that it shall respond loyally to the
or trust given to it by the public. Now,
long would even the most eminent of our
lon joint-stock banks be entrusted with the
handling of its eighteen or twenty millions of fie-
- - were the thousand owners of that marvel-
, fund to be assured that the managers were
eking investments in all sorts of unavailable and
marketable securities, including perhaps foreign
'rays, with uncertainty as to the period of their
'lotion, but absolute certainty as regards the
incidence of calls?
at we will atop here, for the matter really re-
tiree no further elaboration. We will only ex
•
a hope that our banks will in future leave to
finance and credit companies transactions of
nature referred to, and which properly belong
2u) province of the latter. It is not even ne-
cessary that a bank which has such business offered
should forego the entire profit, for it can, if
ireble, easily make its own terms with the credit
'pony, on transferring the task to the organize-
' best fitted for it. The numerous de-
itors in our joint-stock banks will thus be
to enjoy the confident assurance that their
'nay is applied, as heretofore, to its proper and
itimate use—the promotion of our home busi-
iess—and that the principles of the new generation
f bankers are identified with those upon which the
hole of our existing structure of banking success
• been reared.

(11M. rumluxe.)
FRANCE.

THZ SHEVANDOAIf.
The Times points out as illustrating the " consummate
sortivenes " displayed in Caplan Waddell's letter to Lord
Russell, that it contains no allusion to the ruse by
which the "Sea King" mai converted into the
Shenandoah" and equipped from, though not ac-
tually within, this country, and that it makes
no mention of the circumstance that he bad been informed
spin and again by his prieocers in the month of June of
those very facts which he heard for the first time in August.
The Timm earnestly hopes that the officers and men of the
Shenandoah haven& been liberated without communication
with Mr. Adams. Supposing our government to have been
satisfied that Capt. Waddell was wilfully guilty of illegal
acts, and not (as we must assume) that he was the victim
of ignoesoce, they were clearly bound to bring him to jug-
Coe, or, at limit, to give the American Minister an oppor-
tunity of taking proceedings against him. if, however,
Mr. Adams was really consulted, but was not prepared to
lodge informations for piracy until he could obtain witnesses
from California, and if, as is probable, no legal broach of
the Foreign Eolistment Act could be alleged, on what ground
could we refuse to land these persons at Liverpool? They
were not prisoners at war, for no seer exists, nor, if it did, could
we as neutrals make prisoners. They were not within the
meth of the criminal law until some definite charge was
preferred against them, and this doss not appear to have
been done. They may still, of course, be kept under the
surveillance of the police, but we cannot further restrain
their personal liberty. la the meantime it ia much
regretted that myth* like demonstrations of sympathy
should be made in their favour. Nut even forbearance,
mueh less respect, is due to one whose career, beginning
with an evasion of our law and an abuse of our neutrality,
ended with an enterprise which may yet prove to have been
sheer piracy.

lIISCELLANtOCS TOPICS.
The rimtu enters with some detail into the wonderful
speculations of the Fenian brotherhood in Amerbw, Owen.
jug that we have the advantage of knowing rather mine
than one-half of this oonapirecy from the angry avowals of
the conspirators themselves. Whatever Mr. Laby and hie
friends may be, the misfortunes of those gentlemen in falling
under the arm of the law produced an immediate and de-
iiisive effect upon the policy of the Fenian in America. At
any rate there can be no doubt of the treason of the
" head centre" and his accomplices. The capture of the
Irish People oMoe and its inmates was followed by an
abandonment of the Fenian expedition against Ireland. The
arrest of Stephens will, it is to be hoped, extinguish it

OUR CONTEMPORARIES.

altogether.
The Post offers several conjectures as to the plane which
the cabinet may adopt in the sittings which commence is
earnest to-morrow. Of the numerous courses which are de-
clared by the Past to be open to the Premier, it does not
profess to name the lout difficult. In any event, however,
it seems clear to the Post that although Mr. Bright's wishes
may never be realised, his vanity will be gratified. He will
re-emerge from his seven years' obscurity, and both parties
will be found bidding again for his support.
The Telegraph seeks to unripe* Lord Stanley that by
joining the government he would immune his proper place
amongst men who understand his character and appreciate
his talent. On all financial and economical topics he is
thoroughly in accord with the most advanced liberals ; and
his mastery of what Mr. Carlyle calla "the Condition of
England Question" places him in the very front rank of
social reformers. It remains for him to decide whether be
will himself aid in giving official and legislative sanction to
the principles he is known to entertain, or whether he will
condemn himself for life to political impotence and per.
mond isolation.
An " M.P. below the gangw►y," writes a second letter
to the Star, io advocacy of the entry of Mr. Bright into the
cabinet, stating, in fact, that should the new premier de-
cline to seek the hoc. gentleman's co-operation, " some of
us, I know, will treat such refusal u a pasty insult, and we
may not be slow to zealot it by our votes, on the opportu.
laity occurring—as no doubt it will—in the course of the
coming session."
The Telegraph says that the much-looked for report of
the Cattle Plague Commission can scarcely fail to create
general disappointment and widespread alarm. It is
to be regretted that under circumstances of such grave
difficulty the government is not likely to be aided by the

(THIS DAY.)

THZ MASSACILLS IN JAMAICA.
The Times recapitulates much that has been done
Jamaica to civilise the negroes, to place them on political
testy with tha whites, and procure them an easy supply
the wants of life. It seems impossible, however, to
indicate the original savageness of the African blood.
s long as the black man has ast
white govern-
ment and a numerous white population to control him
be is capable of living as a respectable member of
society, but wherever he attains to • certain degree of
independence there is tho fear that he will resume the
Whereas life and the fierce habits c! his African
ancestors. This has been eminently the case in Jamaica.
The design of the insurgents dearly has been to destroy
the whole white population, but it may reasonably be
hoped that the regiments at present in the West Indies,
aided by reinforcements from North America and by the
crews of the vessels on the station, will be able to restore
order in the island. The lesson comes at an Important
time, end shows how cautions the American States should
be in dealing with their great population of Africans.
Though the Times would be sorry to see this event made
use of as an argument against giving the ooloured man due
political rights, and even the suffrage, on such conditions
as a well-devised property qualification would impose, yet
it is convinced that it is for the benefit both of the white
man and the negro that the latter should remain essentially
under the tutelage of the former.
The Post protests against mistaken lenity in the treat-
ment of the rebels. The ringleaders and those implicated
in murder, robbery, or the destruction of property, must be
made a severe example of. in the interest and for the admo-
nition of their own people as well as for the protection of
the whites. The rebels may be expected to do as much
mischief as they can while they can have their own way,
bet this will not be for long.
The Herald noontime some of the horrible atrocities re-
ported, and expresses a hope that in a few days we shall
bear that summary justice has been taken. No rote-water
measures will suffice. The blacks of Jamaica must be
given a lesson which they will not forget. henceforth Ja-
maica must be governed in a totally different manner, and
the blacks put upon altogether a different footing. After
enough has been done in the way of punishment, a good
deal will have to be done in the way of prevention. Some
good, at least, will result out of this evil. America will
see what the black man is under the most favourable cr-
cumstances ; and seeing what he is, a savage to be governed
and not to be trusted, will take care that in the reorganisa-
tion of the South be obtains no more power than is neces-
sary foe his own protection.
The Telegraph and the Star comment upon the events; but
as the bulk of the information which has reached them comes
through a pro-slavery paper at New York, they look on It
very naturally with sospicios. Unhappily the mutative
which we give elsewhere, from a Jamaica paper, the
Cotpia( Standard, leaves little room for incredulity. In
any case, the Star says, we cannot do too much to keep our-
selves from getting into that infuriate frame of mind which
tarns a load iosurreetioe to an interoecine quarrel of races,
sad invest our enemy with all the cruelties of the wild besets
in order t 3 justify us in hie attar extirpation.

Tun SORNANDOAR.•-•LITIRPOOL, SATURDAY.-
During the present week several newspapen, in paragraphs
alluding to the Shenandoah, spoke of a Liverpool firm well
known for their connection with the late Confederate
government, as acting for Captain Waddell. Messrs. Fraser,
Trenholme, and Co., who were the financial agents ia Eng-
land for the Southern Confederacy, deny that they have
either seen or had any communication with Captain Waddell,
or paid any money to his officers or crow. They say that,
even had the Confederate government been still in existence
they have no money, or authority to act in the capacity of
'level paymasters. Last night, from some inexplicable
realms, the "stars and stripes," which hod been floating daring
the greater part of the day over the Shenandoah, wershauled
down, and it was at once rumoured that there was a bitch
in the handing over of the vessel to the United State*
government. We believe, however, that the formal sur-
render by Captain Punter, of H.M.S. Donegal, and Mr.
Gardner, collector of customs, to Mr. Dudley and Mr.
Wilding, tonged and vice-consal of the United States, was in
every respect satisfactory, and that the " stare and stripes'
are now the only legal ensigns of the notorious ex-ember.
The death is announced of Mr. Edward Ball, the
late member for Cambridgeshire, which took place on Than.
day night. Mr. Ball was first returned to parliament in
1852, when political feeling was strong with regard to the
principles of protection and free trade ; Mr. Bell being a
strong protectionist and conservative. He retained his
position as one of the representatives of the wanty for
about twelve years, when he accepted the Chiltern Hun-
dreds, and was suoceded unopposed by Lord George
Manners. Mr. Ball was a dissenter of the old school.
TER RUSULL-ADAMS CORMSPORDINCIL CRYSTAL PALACE. HALF-A-CROWN DAY. •-•
The Deily NC" tbiaka that in tilt hut", comysPon- ' SATURDAY, Nov. IL-Admisaiwas an payment, 825; ditto,
dawn totems Bed Bernell and Mr. Aims, inch piddiabed. by rare Wash, 4,163; sow. killills

TILE MIPBESS, MONDAY EVIAPik NOVEMI3ER 'OB, 1865.

unostration *ids*, much confidence of ita being'
iatication at something important m I do on

ahresion.
Thafrigates whishbroaght to Port Vendres the
bat detachment of the French army of occupation
of Rome returned at once to eivita Vecchia to fetch
more. There are as many as 2,000 troops of the
line waiting at Civita Vecchia to come home.