The Express.
London, England, 1860-11-12 00:00:00

litell_lClTN3 AT lONDON_PRIDON.

DAT1W.1447427.77.7.4;111. as
Tv-lioaaow—Morning. lb. IbiL....Allamem IL U.

LONDON, MONDAY, NOV. 12.

THE put week has been marked by a rise in
the rate of discount of the Bank of England from
4to 4e per cent. That the step was inevitable
might be gathered from the most cursory examina-
tion of the Bank returns for the last few weeks,
as we showed in the Erpreu of last Monday.
The decline in the Bank's resources has been con-
tinuous and considerable. It is true that during
the last week it has rather slackened than other-
wise.
The decreau in the coin and bullion
shown in the last return did not exceed 230,7881.,
whilst the reserve increased 66,5721. The fact
that the Bank Directors have raised the rate at •
moment when the amount in their till has slightly
increased may almost be regarded as a confession
on their part that the measure ought to have been
adopted before. Glancing back, we find that a
precisely similar movement to the one just adopted,
via., a rise from 4 to 41 per cent., took place on
the 29th of March last. The view that the ad-
vance upon the present occasion has been delayed
too long is strengthened by the fact that the bul-
lion is now less by 1,374,6161., and the reserve of
notes leas by 1,653,3151., than at that period.
This comparison certainly tends to confirm the an-
ticipation that a rise in the Bank minimum to 5
per cent. will be found necessary within the next
few weeks. Many persons doubt whether a fur-
ther advance to that extent will be adequate to
check permanently the flow of capital abroad. It
seems to be certain that our supplies of gold will
be far below the average for a considerable time to
come, and equally certain that the demand upon
us will be heavy. We have not sufficient food at
home, and must import much more largely than
usual. Between the present date and that of the next
harvest, we are afraid to say how many millions of
money will be draughted away in excess of the
usual amount of our payments to the foreigner for
corn. Ultimately, no doubt, the balance will be
redressed to a considerable extent by an inter-
elLuige of commodities, for this is the very essence
of trade as conducted between civilised communi-
ties ; but for the time the exchanges must be kept
straight by remittances of specie. Take an ex-
ample : We are ordering grain in immense quan-
tities from America, and America is now ordering
more of our goods in return, but we are at present
taking much more from her than she is taking
from us. The statistics of the foreign dry goods
trade at New York for the first nine months of
the present year show the total quantity entered
for consumption to be 77,807,536 dollars—or
say, 15,560,000/. being 9,695,658 dollars,
or 1,940,0001. lass than for the same
period of last year. Grain is pouring in
from all quarters. During the past week, owing
to the prevalence of easterly winds, the supplies
have been especially large from the Baltic, whence,
indeed, the hulk of the increase during the whole
of the present year has been derived. As soon as
the wind turns there will be • great influx of
grain-laden vessels from the south of Europe, par-
ticularly from the Danube and Black Bea. A
large fleet of homeward bound ships are at present
detained in the chops of the Channel by the
adverse winds ; •od Government, u usual upon
such occasions, have despatched steamers from the
Channel ports to relieve their necessities. One
wind wo see brings us in food from the north ;
another, food from the south. We are free to
supply our wants in any part of the world,
and the prices now quoted in our corn
markets are proved to be sufficient to attract large
quantities. This means, of course, that they
satisfy the demands of the foreign producer, and at
the same time not merely cover the expenses but
yield a due profit to all the intermediate agents
whose business it is to provide the links of com-
munication between producer and consumer. In
the event of the prices quoted here proving inade-
quate to draw forward as much as we want they
will have to be raised, fur we must have food, and
there is no doubt as to our ability to pay
for it.

The whole matter, in fact, resolves itself into a
mere question of payment, and of the effect which
that payment may have upon the money market.
A deficient harvest means unquestionably a drain
of gobl, the extent of which depends entirely upon
the extent of the deficiency. It is precisely in
this respect that we feel keenly the want of
those agricultural statistics the neglect of
which is a clivrace to the country, and
a glaring anomaly in so utilitarian and
inquiring an age. We cannot tell how much
con' we shall want, because we do not know
how much our harvest is below the average. Nay,
our ignorance is so gross, that we are perfectly
unable to answer even so simple a question as—
what is the amount of an average harvest, or of
the average consumption of grain in this country?
If, therefore, we could learn to-morrow the exact
yield, to a single bushel, of the harvest of 1860,
we should not Ike much nearer to reliable con-
clusions, for the value of all information of this
kind consists in the power of comparison ; and we
should have no means of compering the yield this
year with that of former years. We know exactly
what we import. Had we now lying before us,
procured by means of a well-organised scheme
of statistics, a statement of the yield of the grain
crops in 1860 and in previous years, we should see
at once, approximately, how much it will be re-
qnisite to import, for there would be no dilliculty
whatever in ascertaining the extent of the con-
sumption. The amount of the consumption means,
in fee:, the amount of the home pr s.lnction, phr..
the imports. Until we know how moth we have,

sod how

be fns from

nor shall we

And the very circamaw. of
kind will be of little value until we are able to
compare them with those of other years, is surely
a strong argument in favour of setting to work
without delay and devising means of procuring
them.

The internal trads of the country continues to
be characterised by great steadiness. There has
not been any animation at Manchester, and busi-
ness has been interfered with to some extent by
the rise in the price of cotton, which has caused
spinners to demand a proportionate advance ; but
the extent to which production is engaged Pre-
cludes the prospect of dulness or of a check to
labour. As regards yarns there are many con-
tracts extending to the end of the year, and over
into January. At Huddersfield business is re-
ported to be limited, but this frequently occurs at
this time of the year. At Rochdale some of the
manufacturers talk of running " short time," yet
it is admitted that orders to a fair amount are in
band. From Leeds it is mentioned that the
woollen manufacturers, upon the whole, are well
employed, and the tone of the trade is healthy. At
Bradford some signs of improvement are observ-
able. At Nottingham the lace and hosiery branches
are decidedly better, owing partly to purchases on
American account. In the midland hardware and
coal districts there is good employment ; and even
the iron trade, long depressed, shows a little more
activity.

gbe Court.

WINDSOR CANI'LE, Nov. 10.

Prince Alfred landed at Plymouth yesterday
morning, from her Majerty's ship &tyska, haring returned
from the Cape of Good Hops. Hu Royal Highnem arrived
at the Cutle about air o'clock in the evening, attended by
Major Cowell, ILE.

Her Majesty's dinner party yesterday included the
Princes. Alice, the Prince Alfred, the Duke of Cambridge,
the Hereditary Prince and Princess of Holstein Augustan-
bourg, the Prince and Princess of Leiningen, the Lady in
Waiting to the Hereditary Princess, Lady Caroline Barring-
ton, Major-General the Hon. C. and Mrs. Grey, Colonel the
Hon. Sir C. and Lady Phipps, Miss Phipps, the Hon. Mn.
Wellesley, the Hon. Mrs. T. M. Biddulph, Sir James Clark,
Colonel R. Howard Vyse, commanding officer Royal Hone
(herds; Colonel Dalrymple, commanding officer tad Bat-
talion Scots Fusilier Guards ; Captain the Hon. Leslie
Ruthven, commending Mlicer Windsor Rile Volunteers;
Lieutenant-Colonel Clifton, Major Cowell, R.E, and Mr.
and Mrs. Augustus Paget, who arrived on a visit in the
afternoon.

lady Emily and Miss Seymour, Coloud the Hon. A. N.
and Lady Mary Hood, and Major Elphinstooe, had the
honour of being invited after dinner.

The head oi the Snob Fusilier Owe played Livia(

The Prince of Wales' March Carta
Overton.. "Lurlase"
Velar. " Iminortelleis"
Andante end achervi. "necerh Propbony'
()slop. "Royal Hunt" .
Her Majesty's private band afterward, performed in the
drawing-room :

Overture. "Is garret de Bronze" Asher.
Mlnuetto sod Trio Rom Trio In I Bat„ Op S Beethoven.
Male, let sat " Zsabsrftete"

The Queen, aecomputied by Prince Alfred, drove out in
an open carriage this morning, and whited the Duchess of
Kent at Frogmen.
The Prince Cowart, attended by Colonel the Hon. Sir
Chula Phipps sad Colonel the Hon. A. Harding", went to
Lcodon ►nd praided at a meeting of the Council of the
Duchy of Cornwall, held at the Duchy-office, Buckingham.
gate, St. James's-park. There were also present :—The
Chancellor, Load Iliapdown ; the Attorney•Ceneral, Sir
W. J. Alexander; the Treasurer, Col. the Hon. Sir Charles
Beaumont Phipps ; Lonl Portman, and the Secretory, Mr.
James Robert Gardiner.

The Duke of Cambridge took leave of her Majeety, and
aecompaaied the Prince Consort to London, attended by
Lieutenant-Colonel Clifton.

Prisons Alice, Prince's Helena, and Princees Louise rods
in tie Ridisrbouss.

The Duchess of Kent and the Hereditary Priam and
Prisms of Holstein Augustenbourg visited the Queen at
the Castle, and took luncheon with her Majesty.
Her Majesty's dinner party in the evening included the
/theism Alice, Prince Alfred. the Prime of Leiningen, the
Priam, of Leiningren, Mr. and Mn. Augustus Paget,
Major Cowell, IL E., and Major Elphiastone, R. E.
The band of the Royal Mores Guards played during
dieser.

Her Majesty's private land afterwards performed in the
drawing-room :

Overture, •• Marie" Herold.
?election Itt Act', " Flelello"
gastaor. "At ahat Mater" .
Bomaoty and Cayenne. "La Part du Diable" Auler.
Beleclkoi Ird AU •' Flick arid Flock Hertel.
BUNDAr. Nov. 11.

The QUM% and Prince Consort, Prince Alfred, Prince
Arthur, Primer Alin, Princess Helena, and Princess
Louise, the ladies and gentlemen of the Court, and the
tiossestic household, attended divine rnios this morning in
the private cliapeL The Prinee and Pelmets al Leiningeo,
and vidton staying is the Castle, were also at the service.
The Rev. J. St. John Blunt, curate of the Chapel Royal,
Windsorpark, preached the sermon.

Despatches were received at the ColoeisLabs en Bat r.
day from the Lord High Commiesicseer of tie leadan
Island.. Despatches were sent to the Governors of Ciao*
Hong Kong, Ceylon, Lehman, Naha, and Gibraltar.

NAPLYIE, Nov. 10.
Parini has been appointed Viceroy. Vintimiglia,
Pisanelli, Scialoja, Poerio, and D'Afflitto have been
appointed Councillors of the Viceroyalty.

MARCH OF THE ALUM UPON PEKLN.
FOREIGN-OFFICE, Nov. 11, 6 P.M.

CHINA.

A telegram was received this afternoon from her
Majesty's Consul at Marseilles, statingthat it was
reported from Hong Kong on Sept. 26, that the
negotiations with the Chinese had not been brought
to any satisfactory point, and that the allied army
had commenced its march upon Pekin.

The settlement of negotiations is delayed, owing
to the question of the money indemnity. The
allied troops are marching on Pekin, where Sunko-
linsin is reported to be present with a large force.
Lord Elgin followed the troops on the 9th of
September.
The army reached Yangteunyeh on the 10ti of
ieptember.
There is difficulty in providing carriage, as the
'oolies are deserting.
2,000 men protect Tientsin.
The rebels are inactive.

SHANGHAI, Bu. T. 90.

Coolies

CANTON, SEPT. J 6.

Trade is obstructed by the rebels.

We (Morning Post) have reason to believe that
on Saturday last an official telegram was received
from Sir Hope Grant, stating that be had des-
patched two regiments on their way home, and
that others were preparing to follow. This tele-
gram was dated the 26th of September.
As the last news previously received left the allies
in the act of negotiating at Tien-tein, at the end of
August, there was evidently a great and important
gap to be tilled up. Yesterday, however, another
official telegram arrived, which brought intelligence
of the rupture of the negotiations at Tien-taro, the
march of the allied forces on Pekin, and the de-
parture of Lord Elgin in their track on the 9th of
September. We last night received a further
despatch, which throws still more light on the
events in China, as it confirms the march of the
troops on Pekin, and positively states that on the
10th of September the army reached Yaugtsunyeh
(or Sanseenwey, as it is spelt in Wyld's map), which
place is within ten miles of Pekin.
So far, then, the gap is filled up. We may now
hourly expect the arrival of despatches which
will narrate the important acts which must have
taken place between the 10th of September and the
26th. What is certain is, that Lord Elgin in the
first days of September broke off the negotiations
which the Mandarins had opened at Tien-tsin, and
directed the whole force of the expedition on the
capital itself, which, on the 10th of September, was
menaced by the arrival of the allies tinder its walla.
Whether a battle was then fought with San-ko-
lin-ain, who was reported to be present there with
a large force ; whether Pekin itself was occupied ;
or whether the Emperor surrendered at once to
our terms, we have yet to learn. But that a
peace, full and satisfactory, has been signed we
have the assurance ; the telegram of Sir Hope
Grant proves that the expedition has accomplished
its objects, since on the 26th he had sent off two
regiments, and was making preparations for the
return home of the rest of the army.

AUSTRALIA.
MELBOURNE, Barr. W.
The departures of gold ships are as follows:
The Saluette, with 13,752 oz. ; the Sussex, with
62,161 oz. ; and the Auglam, with 57,598 oz.

THE PENDISULAR MAILS.

SOUTHAMPTON, Montsr.
The Peninsular and Oriental Company's screw
steam ship Sultan, Captain Couk, with the above
mails, has arrived.
She brings 16 passengers, 3,142 L in specie,
a general cargo of fruit, &c.
She also bnugs home the crew of the British
barque Apollo which was abandoned on the Ist
inst. in a sinking state. The Apollo was bound
for London with a cargo of copper ore.

LISBON, Nov. 7.
The Cortes were opened by the King on the 4th
inst., but were adjourned on the 6th inst. until the
7th of January.
Exchange on London, at three months, 54# ; on
Paris, Mr. 27c. ; Amsterdam, 424 ; Hamburg, 48;
Genoa, sfr. 26c. ; Three per Cent. Rentals, 48k ;
Coupons, 474 ; Deferred, 374 ; Bank of Portugal,
556 ; Bank of Oporto, 258 ; Mercantile Bank of
Oporto, 258 mil reis.

The following telegram has be reeeived at Mr. Renter's
Mee from the Peninsular and Oriental Steam Narigatioa
Company:
CALCUTTA, CHINA, AND AUSTRALIAN
MAILS.

MAIIIKILLEB, Nov. 11.
The Enxine, with the above made, arrival here
at 9 o'clock a.m.
The made left for Loudon at 10 a.m.

The Ceylon, with the heavy portion of the above
mails, left Malta at 6 a.m. on the Bth, and may theretcee
be expected at Southampton about the 17th inst.
The Colombo, which brought the mane to Sum, arrived
there on the 3rd inst.
The Candle reached Sum on the lit inst.

Ilia._
i E 4..-.
_ •
CORIZIPONDINP.)

*OVE

SUNDAY
the Lord Mayor's

and Rusian 'un-
basaadore—a foot not known yesterday—is calcu-
lated to give ground for reflection, it does not seem
to have chilled the enthusiasm with which Lord
Palmerston's and Count de Persigny's speeches were
received by the Parisian public. All the papers to-
day speak of the exoellent effect produced by these
discourses.

There is no positive news to-day from Gaeta,
but, according to a Turin despatch, the capitula.
tion is less probable thaw it was thought to be
yesterday.

The Emperor, who, when he was at Nice, pro-
mised to repeat his visit every year, hail just ap-
proved the plan for an imperial villa, to be built on
the LAZ aretto in the new Villafranca road.

A letter in the Chromic, from Castelnau, states
that General Daumas had visited that locality on
Thursday Lut, and that there was a talk of forming
a camp there in the spring.
Notwithstanding the rumours which I alluded to
yesterday of a slight reduction in the army, it is
said authoritatively that all the men on unlimited
leave of absence have just received orders to re-
main in the localities where they are registered, so
that, if wanted, they may be called upon at the
earliest possible moment.
The Muniteur de la Flotte announces that a new
iron-plated frigate, called the Invincible, is in
course of construction at the Maurillon dockyarl.
Its scantling is on the same model as the Moire. Two
large stable-transports are also being built there.
They are to be completed with the utmost despatch,
as it is wished to have one of the slips ready for
laying down an iron-plated frigate on a new model,
whose battery is to be higher from the water,
while her lines are to be finer and her speed greater
than those of the Gloire.

PARIS. SATURDAY EV121111,0.

There is after all, it appears, to be a hunting
season at Compiegne. It is now said to be settled
that the Emperor, accompanied by the Imperial
Prince, will go there on November 20, and remain
till December 1. The Empress is not expected to
be of the party, as she intends to escort the remains
of her sister, the Duchess of Alba, to Spain, for final
interment.

A long voyage of Prince Napoleon is again talked
of, and the rumour now assumes what is called
" consistency ;" but, instead of going all round the
world, he is only to take • trip to America. As on
the occasion of his trip to the Arctic Sea, he will be
accompanied by several men of letters, professors,
and artists.

The speeches at the Lord Mayor's dinner, as re-
ported by telegraph, fully oome up to what was
expected of them, and although their pacific ten-
dency has been to a great extent discounted at the
Bourse, there was a further great rise to-day upon
the strength of them. People continue to think
that there will be no more fighting at Gaeta.
Francis 11., who has now scarcely an army, cannot
but yield to the strong recommendations made by
all the Powers not to prolong a hopeless contest.
The Queen of Spain, on whom he relied for help,
has written an autograph letter begging him to
retire. It is thought, however, that lie will not go
to Spain, but to Bavaria. As a matter of course he
will protest " again before he leaves.
The Bente rose 40c. for cash and 30c. for account,
closing veil, firm at 70.40 and 70.45. Mobilier
rose 20f. The railways were less affected by the
upward movement, but Orleans rose 8.75, Northern
5, Eastern 6.25, Lyons and Southern 3.75 each,
and Western 2.50.

In this great world of Paris extraordinary " acci-
dents and offences" frequently occur of which the
public hear nothing. It would be impossible for a
man to blow his brains out cornet populo in Cheap-
side or the Strand without everybody knowing all
about it the next morning. But here such things
may well be ; there are no coroners' inquesta. A
sudden death is inquired into privately by a emu-
missary of police, and it depends very much upon
the fancy or discretion of that officer whether any
statement of the circumstances is published. The
. . . .

newspapers are not in the habit of investigating
such matters for themselves. About three weeks
ago some English friends of mine (from whom I
have the following story) were strolling along the
Boulevard de la MMeleine at an early hour in the
evening, and talk tug, curiously enough, about spirit-
rapping—in which, however, I must nay, for the
credit of their testimony, they are not believers ;
the cafes were all blazing with light, and
the streets were crowded. As my friends
neared the Madeleine church their conversation was
interrupted by the sharp report of a shot proceed-
ing from the ground floor of a house at the north-
west corner of the Rue Royal, and occupied by a
M. Tout, who carries on in it the joint business of
a wine shop keeper and restaurateur. On the re-
staurant side of the establishment, and close to a
window looking on to the Madeleine, there sat at
the table at which he had dined, a handsome
young man, extremely well dressed. His counte-
nance was placid, his position in his chair that
of a living man which he was only a minute before.
But through a small hole in his white waistcoat his
life's blood was pouring out, and the edges of the
aperture were turned into tinder, and smoking. He
had shot himself through the heart, and was pre-
sumed to bequite dead. But nobody touched him,
it being the custom here, even at the risk of with-
holding timely sucoour, to leave a murdered or
self-slaughtered man just as he is until a magistrate
sees him. In a few minutes two or three police-
men cleared the house, and the windows were
closed. On the table before the dead man was a
slip of paper, on which was written, "My pigtail
and my clothes will pay for my dinner." He la
said to be a Prussian ; this is all that I can learn
of the tragedy.
While the French papers, as I have above ob-
served, often omit to notice current events they
abound in fictions which they serve up as 'facts.
The fear of prosecution for public or private libels
induces them as a general rule only to give initials
in their police reports. The consequence is that
the interest attaching to them is wholly irrespeo-
tive of their truth, and the penny-a-liner who can
manufacture any readable story has just as good a
market for his commodity as the man who gives
himself the melees trouble to ascertain facts. The
severe laws against "false news" greatly tend in
practice to the propagation of falsehood, sad
prevent the newspaper from being what
rt ie in England, the "mirror of the time."
As an illustration of these remarks, I notice a
dramatic story in to-day's papers which would be
very extraordinary if tree, but the journals which
publish it neither know nor tare whether it is true
or not. They say that a young and of course
beautiful girl, named Adeline B—, living at Cour-
seulles, near Paris, having been seduced under
promise of marriage and afterwards abandoned by
her lover, resolved to commit suicide. She lit two
tremendous charcoal fires in her bedroom, but the
tutees instead of killing her merely made her ill,
and her groans being heard she was succoured and
restored. But now conies the bossqoct. There
slept on the floor above the young girl's room a not
involuntary Actaeon, a wicked peeping Tom, who
for vile purposes bad with a gimlet bored a little
hole in the plank just above Miss Adeline's bed.
Through this little hole the bulk of the poisonous
vapour ascended, and killed the amorous youth,
whilst the disconsolate lost ono miraculously
escaped ! To complete the story, her lover was so
touched by the tragical occurrence that lie repented
him of his infidelity, made her an honest woman,
and paid a handsome sum of mosey to the family
of her unfortunate victim ! Now I do not posi-
tively undertake to say that this romantic tale, or
some part of it, may not be true ; I only assert that
from the system upon which the French proii
conducted, the public bare no means of knowing.

, 4 irifi4 ‘'
TRW R111:45 KON 1 y e NOVI ; gf :' 1I , 11.,
*lfi 1.4
.
much more we shall wilktrsis sfialliriib LOT ' ,Ai
ie ~ EX .•:. FROM
. is ... 4 •
--.....---
rom apprehensiontvwhilkiwelyse
, '
we be able to tale tiara, 'recant &is.
' ' • ,
tfAPLIS. . 'ir fru= ova omit cosissro
very circumstance that statistics of this
Ibe of little value until we are able to THE NEW GO' 4' I 4 . PARIS, F.
them with those of other years, is surely (ROM On owl 001111MPOIMMXT.) Although the absence from th
argument in favour of setting to work (wr svartaanis turasasse.) dinner of the Prussian, Austrian,
_ .