The Express.
London, England, 1865-10-09 00:00:00

MUBIC.

LAITZST ENTILLIGIENCE.
(ulna% suLsoaLus.)
ITALY.
FLOAIKOA Ocr. q
The Klug has appolated thirty-twcLuenaters.
Letters from Rome, dated the 7th inst., state
that Mgr. Innocent de Merode is seriously ill.

a great and sudden ex plisiou • large
orders for our manufactures wereveleilb;ed from
the United States (in cotton goOds alone they
are said to be nearly sufficient tip
os:
available supply of the raw in irar
market); and some rather liirge 0-
tined to be made to Ireland, partly to pay for
cattle, and partly to strengthen the position of the
Irish banks in the present disturbed state of affairs.
It is obvious that increased activity in the manu-
facturing districts involves an augmented demand
for the circulating medium, while every sovereign
taken from the Bank for Ireland diminishes
pro !auto the issuing power. Hence, owing to the
combined pressure from these three sources, the
Bank reserve has fallen rapidly, end the Directors
have adopted the only alternative at present open
to them, of raising the rate of discount to a serious,
if not prejudicial, height.
It should be observed that the question is not
one of checking a drain of specie abroad, since even
our shipments of silver to India for cotton
are more prospective than actual, but sim-
ply of supplying a void caused by a de-
mand for internal circulation. The country
wants so many bank notes as a medium for
the transaction of its ordinary business ; the Bank
charges the country 7 per cent. for their use, and
perhaps before long will charge Bor 10. It is not
pretended that anything approaching to undue
speculation is going on, although now and then a
vague rebuke appears concerning the financial
associations. The existing pressure simply arises
from a deficiency in the every-day machinery of
commerce, arising from the increased activity of
trade. At present there is no remedy ; the Bank
can do nothing but raise the rate of discount, and
thus try, if possible, to get back notes by the
process of virtually rendering many commercial
transactions unprofitable. never, perhaps, has
the Act of 1844 turned out so confessedly mis-
chievous. Even in 1847 and 1857 the break
down of this measure may be attributed to the
exceptional effect of panic. A few days
ago, however (whatever there may be now), there
was not a symptom of even the slightest uneasi-
ness, no nab speculative movement was in pro-
gress nor had been for months, trade was never
on a sounder basis, the nation at large never more
wealthy, and yet, notwithstanding all this, the
restrictive operation of our present law causes pre-
cisely the same result as if we ware suffering from
a famine, from the consequences of inordinate
overtrsding, or from the reaction that follows a
gigantic mania.

CHINA.
RUMOURED REVOLT IN WESTERN
TARTARY.
(By overland asiernPit from (7n110.1

. . -
.
IMAM:MAI, Bsev. 4.
A successful revolt is reported to have taken
place in Western Tartary. The province of Ili bas
been wrested from the Celestial Empire.
The Nyenfei have seized three cities.
A mandarin report states that Burgevine has been
drowned.

TRH BANK OF FRANKFORT.
FILANKFORT-ON•THE MAINE, Om 9.
The Bank of Frankfort has announced that the
rate of discount will be raised to-morrow from 41
to 54 per cent.

INDIA AND CHINA MAILS.
MARSEILLES, OCT. 8.
The Menageries Imperialee steamer Moerie, with
thu above mails, arrived here at 10 a.m. to-day.

The following telegram has been received by
Reuter's Telegram Company (Limited) from the
Peninsular and Oriental Steam Navigation Com-
Pally

TSB ZXPRESS, MONDAY ECXagg5G, OCTOBER 9, 1865.

• .
CRYSTAL PALAo2.—aertrßDAy oolkonas.
The new Mem 0 throe comforts began tat &Ur.
day, sad promise to be as Wreathe sad suoseethil IP tiaa
of last mama There woe • peat assemblage oaf Wake*
livery pleat, reserved ad unreesrved, in the egoefees
esthirocen in the metre tnusespt was occupied, mid the
sadism, appeared thoroughly to enjoy the enterisismenti
It was indeed very enjoyable ; foe, ledependentli
emellestee of the musky, it was heard with • degree
of comfort esidoet mot with in • Locate conesetaento.
Though oompletely snakes& and admirable for its ecoorous
properties, this room, however fell, is never oppressively
dos; while the softest sounds are distinctly heard, the
circulation of air is always free sad unobstructed. Hr.
Manna has established his reputationas a ilreOrate
moricel director. lie is mato= and active, an enthusiast
la his art, and • consummate artist. He has formed as
instrumental band, composed of excellent performers, and
in a complete state of discipline ; and the orchestral works
of the great masters are performed, under his direction,
in a manner sot excelled at the canoed' of the Philharmonic
Society, or the Musical Society of Lodes. His taste and
judgment are shown in the planning of his oosioerts, and
in the choice of his singers sod solo performers. Hie pro.
(femme., though act rigidly severe in seleetioa, mutat* a
due proportion of the dewiest element, and frequatly pro
mat intimating novelties; and his performers are generally
—we may ray waitormly—artirte of
The singers were MdlL. Liebhart, Mies Beery,
and Signor Ferranti. Miss Louise Pyxis bad bees
imaged for this cotwart, but was disabled by an attack of
inflaranstien of the throat, sad her place was supplied by
Liebbert, nos of our best sad most favourite occeert.
dollen

DEATH OF VIE REV. CANON STOWELL.

The death of this wen-blown elergyalan took
plaits yesterday afterno" at his mamas Is Salford. He
was Mb-MA with paralysis • few days apo-
The late Om. Nowell was bora at Dosebs, Lie
of Ilan, in 1799, his father beim Rector of Beneath,
sad he was dbtaatly related to the Rev. Hoek
Stowell Hamra, of Liverpool. The eweisail MOM
was asdabied In 1823 by the Bishop of Gloucester. His first
600037 Wall atSbeepeeembe. mar fitroud,bat in three sheaths
he removed to Hoddsmilleid. sad two yam after ta
Sumbea's, Salford. There he became distiagublimi kw the
,400/ sod femur el his prombleg, sad for laborious de-
votive to his paroehial duties. His eangreptios raised •
sulauriptirsi of 16,0001. to build for him Christ Oburelt and
schools, Salford, in 1838, and be has rebdaed the incum-
bency ever dam. He was widely imocnt se is. of the meet
zealous sad able of the Evangelical party. Apart from his ia-
cumbsooy, the rectory of Christ Chureb,we believe hie only

preferments wer•the honorary canonry or MOW teianisue.
bestowed upon him by the late Archbishop Sumac,
whoa
Bishop of Mester ; a chaplaincy to the Blakey of lb..
chaster, and the office of Rural Dean of Salford. Mr.
Stowell wee mania in 1828 to Ana* fleasenali, eldest
daughter of Mr. Rishard Ashworth, benistar, of Maar
cheater. He bad a family of five daughters sad two sank
both of whom took holy orlon.

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