The Express.
London, England, 1860-06-04 00:00:00

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LONDON, MONDAY, JUNE 4.

Gaateatnes success is dramatic in its rapidity.
This time last week our faith was at the mercy of
official telegraphists, who, without a single vic-
tory to boast of, sent us word that the terrible
leader, discomfited and cowed, was furtively wan-
dering about near the coast to find a boat in
which to escape. At that very time GARIBALDI
was driving the Neapolitan troops before him into
Palermo, and, banner in hand, pursuing them to
their coast defences. We only learned this on Wed-
nesday morning, and still the citadel and the sea
forts remained, with the fleet, a strong protection to
the Neapolitans. On Monday GARIBALDI attacked
the citadel, and the next thing we hear is that an
armistice is signed, speedily followed by a capitula-
tion, by which the Neapolitan General shows that
he thinks it a fortunate thing for his master that
he can get leave to take his army of 25,000 men
safe out of GARIBALDI'S way. We think it would be
exceeding the requirements of that judicious scep-
ticism to which a constant succession of exciting
telegrams is educating the public, if we were to
refuse to admit the testimony of the three Paris
journals which, with sonic minor though not
unimportant variations, report the capitulation of
the Neapolitans. Whether the Bourbon troops
arc at liberty to take away their material of war,
or only their personal arms—whether they are
bound to proceed to the mainland, or are at
liberty to go to Messina, is for the moment uncer-
tain. We know enough, however, to impressus with
the tremendous power and energy of the national
cause in Sicily. Nothing less than the en-
thusiasm and self-sacrificing concurrence of the
nation could hare enabled GAILIZALDI, with the
limited succour he disembarked at Marsala, to
achieve success so signal over the Neapolitan
army. A mere party leader could not have
thrown himself with his whole force on
the enemy in front as he has done. By granting
terms to the Bourbon General, GARIBALDI gains
time to organise the insurrection, and at the same
time encourages in the Neapolitan army the dis-
position to transact with rather than fight
their adversary. We are compelled to sup-
pose that General Luaus had satisfied him-
self that his troops would no longer
fight with spirit, otherwise it is hard to con-
ceive why, with the forte in his hands and the fleet
behind him, he need ask GARIBALDI'S leave to take
any course he might think best. By the arrange-
ment now reported Glaaraisot secures 25,000
missionaries who will tell wherever they go of the
irresistible might of the insurrection. He also
acquires for himself and the Sicilians the rights of
regular war, which cannot be refused him by
those who in this negotiation have recognised his
authority.

Tut recent accounts from several of the manu-
facturing districts have reported a considerable
falling off in the demand, in consequence of the
unsatisfactory advice' received from India, China,
and Australia. The past week has been a broken
one as regards business, owing to the Whitsuntide
holidays, which the working classes in the north
regard as tho great recreative period of the year.
At Manchester the warehouses have been closed,
and there has been only a limited attendance in
trading circles. The general position of that
market remains, therefore, the same as in the pre-
vious week. A glance at the reports issued, with
reference to the trade of the last month, by the
cotton interest suggests several considerations of

importance. The decline established during the
month in varionsclasees of Manchester goods ranges
from 2i to 71 per cent. For this fall there are two
or three principal causes. Apart from the appre-
hensions inspired by the state of affairs on the
Continent, which induce caution in every depart-
mitt of business, the backward condition of the
home trade has had a depressing effect. It is
feared that the unnameable weather will be fiend
to have caused the absolute loos of a large portion
of the ordinary trade of the year in muslin.,
prints, and numerous kinds of "fancy goods," the
consumption of which depends largely upon the
season. The disappointment likewise occasioned by
the character of the advices from Calcutta is the
more keen because sanguine hopes seem to have
been entertained of the probable course of that
market,. in consequence of the ready absorption of
the extraordinarily heavy supplies previously
sent oat, the whole of which had reached
their destination. At Bombay, in several
instancmi, prices are reported lower than at
Calcutta ; and the season is drawing to a
close, leaving a large amount of goods lying
over unsold. Similar amounts have been re-
ceived from the Indian markets in the interior.
At a time when the Indian trade is thus discou-
raged, and when some of the merchants engaged
in it had given ont contracts to our cotton menu-
facturers for considerable quantities of goods, even
for distant future delivery, and at prices much
above those now current, it is not surprising that