The Express.
London, England, 1866-01-15 00:00:00

EXPRESS, MONDAY EVENING,

THE

also be brought into account. According to the
above estimates it may be reasonably inferroxl that
we are only creditors on the year for, at the most,
two millions, which by no means expresses any inor-
dinate rush into speculative over-trading. The fact
is evident that the revival of confidence, conse-
quent on the close of the war, the opening of the
Southern ports, sni the small stocks of our goods
'in the United States, has on the one band caused
a large export of our manufactured goods, and on
the other, through the liberation of the cotton in
the South, has increased our shipments of raw
materials from thence. Hence, instead of having
any cause of distrust, we should congratulate our-
selves upon possessing an exceptionally large trade
on both aides of the Atlantic, equally profitable to
the one country and the other.
The alarmists, who affect to believe that the
expansion of our American trade must lead to
difficulty, forget that in the present altered state
of affairs there is a corresponding change in the
movement of capital between the two nations.
At the outbreak of the war large sums were
remitted, both from North and South, for secure
investment in English securities. One capitalist
alone is known to have bought a million of Con-
sols. There appears good reason to believe that
now peace has been restored these sums are being
withdrawn, and that the present depreciation in
the funds is perhaps in some degree attributable
to the consequent realisations. Americans are too
shrewd not to see that in retranaferring their capi-
tal to their own country they may do it with ad-.
vantage by sending goods certain to meet
with ready sale. So far, therefore, from our
exports being made on credit, they are, in fact,
purchased with ready money, which has been left
comparatively idle here during the last four years.
Again, it should be remembered that for many
years before the attempted secession, large amounts
of British capital were being continuously invested
in American railway and other securities. While
the war lasted, of course this movement entirely
ceased ; but on the re-establishment of peace it
began again. In the summer of laat year one
company alone raised between two and three
millions from the British public to carry out a
profitable extension. American government stocks
have also been largely bought, the often-predicted
financial collapse being apparently as far off as ever.
If, therefore, our export trade had not increased in
the ratio it has done, we might probably have seen
a drain of gold to the United States—a contingency
which thoughtful observers have by no means
overlooked, little as it would have been expected
by the general public.

OUR CONTEMPORARIES.
(THIS DA Y. )

eta pow satisfy anyone in the matter of Werra. ♦ feeble
policy assuredly would ileum no told °amides, and would
maks army new ems. It is not spinet any Wan swore
in particular that the strongest opposition will be keened
which the government is likely to encounter. It is against
reform of any kind or degree.

Her Majesty drove out yesterday afternoon in a
carriage and four, secoompanied by Princess Louise and
Princees Beafrice.

In she evening M. Van de Weyer and Count de lAnnoy
had the honour of dining with her Majesty and the Royal
family.

N. Van de Weyer, Count de Lannoy, Connt Cornet,
and Count Ferdinand de Lannoy, returned to London this
afternoon.

JAN. 14.

Her Majesty drove out yesterday afternoon with Princess
I.ooille.

Prhreese Leiningen, and Prinos and Princess Hermann of
Hobralohe, visited her Majesty yesterday and stayed to
luncheon.

The Queen, Primes' Halms, Prinoess Louise, and Princess
Beatrice, attended Divine service at Whippingham Church
taday.

A Cabinet Council was held on Saturday at the
official residence of the First Lord of the
Treasury in Downing-street. The ministers pre-
sent ware—Earl Russell, the Lord Chancellor,
Earl Granville, the Duke of Argyll, Sir George
Grey, the Earl of Clarendon, the Right Hon.
Edward Cardwell, Earl de Grey, the Chancellor of
the Exchequer, the Duke of Somerset, the Right
Hon. T. Milner Gibson, Lord Stanley of Alderley,
and the Right Hon. C. P. Villiers.

Despatches were received on Saturday at the Colonial-
dace, from the governors of New Zealand, South Australis,
Tasmania, the North American Provinces, Psentuda, Ceylon,
and Malta. Despatches were also sent to the governors of
Canada and the Bahaism%

THE PRINCE AND mere toss or WAisr.—Their
Royal Highaesses the Prince and Prisms of Wales termi-
nated their visit to the Earl and Collates.' of Leicester at
Holkham, Norfolk, on Saturday, returning with their elk*
to Sandringham House, by the West Norfolk Junction Rail-
way, from the Burnham station. Although the weather has
been extremely cold and inclement, the visit of the Prince
and Princess to Holkham has doubtless been rendered very
agreeable by the hospitable warmth of their reception. The
West Norfolk Junction line, which has considerably facili-
tated the movements of the royal pair, is at present in a
very incomplete state, and general traffic is not expected to
' be commenced on it until March, when it will be carried to
I Welle-next-the-Sea, a point still nearer Holkham than
Burnham. The stay of the Prince and Princess at San-
dringham is drawing to a close, and a visit which they bad
propose.' to make to Lord and Lady Walsioghein at Merton
Hall, Norfolk, will not now be paid, the time which would
otherwise have been devoted to it having been absorbed in
the retirement imposed on the royal pair for a fortnight by
the death of his Majesty the Slog of the Belgians.

The marriage of Prince Christian and her Royal
Memos the Primus Helena will, it is said, probably take
place early in July.
His Royal Highness the Duke of Cambridge will
leave town to-day or to-morrow on a Vtit to General Hall
for a few days.

His Excellency the Minister for the Netherlands,
since hie sari& in town from Holland, has been suffering
from indisposition.

The Itirrquis of Lora will leave Argyll Lodge,
Campden-bill, on the 17th last., on a tour in Amerlo‘
The Earl and Countess of Stradbroke have
arrived in town from limb= Hall, Suffolk, for a few
days.
The Earl and Countess of Cawdor will arrive :R
town in a few days from their mat, Steekpole Court, Pem-
brokeshire.

Lord and Lady Chelmsford have strived at their
residence in Eaton•square from visiting Sir Jobn and Lady
Neold at Grittleton, near Cbippenham, Wilts.

Lady Mary Craven will leave Queen's-gate-
terms to-day to joist the company assembled at Coome
Abbey, Coventry.

Lord and Lady Proby have arrived at their resi-
dence in Eaton•phce, from Elton Hall, Onndls.

The Right Hon. Sir C. Wood has quite recovered
from his late accident Sn the hunting field, and purposes re-
turning to Loudon by the 17th instant, in order to meet his
colleague in their cabinet deliberations.

The Solicitor-General and Lady Collier received
at dinner oo Saturday evening, at their residence in Eaton-
place, the American Minister and Mn. Adams, the Lord
Chancellor and Le iy Creamer:l, Le ly Henrietta Allen and
Miss Allen, Lady Tierney, Sir David Dundee, Mr. West,
Mr. and Mn. Weldon, Mr. Hayward, &c. Her ladyship
has loaned cards for theatrical parties to-morrow and on
Thursday next, at her new residence in Eaton-place.

_ .
CABINET Conicett..—On Saturday summonses
were issued for a cabinet council tomorrow, at 2 o'clock, at
the Earl Russell's official residence in Downing-street.
THE MEETING OF PARLIAMEET.—ME. Gladstone,
as leader of the House of Commons, has issued his circular
to the members who sit on the ministerial side of the house :
—" Carlton-house-terram, Jan. 11, 1866.-84,-1 take
the liberty of informing you that the Ist of February has
been fixed for the meeting of parliament. On that day the
House of Commons will proceed to the choice of a Speaker,
and the address in answer to the speech from the throne
will be moved on the 6th. I hope it may be consistent
with your convenience to attend on those days.-1 have
the honor • to be, your obedient 'errant.

Esq." "W. E. GLADSTONE.
THE Rue:KAN EMBASSY. Hie Excellency the
Russian Ambassador and the Baroness Brunnow on Satur-
day, being the New Year's.day according to the Greek
calendar, gave a most splendid entertaioment at Chesbam-
house. His Royal Highneas the Doke of Cambridge
arrived at 8 o'clock, immediately after which dinner was
announced. In addition to his royal highness, the Aus-
tria(' Ambassador, the Prussian Ambassador, and the
Countess Berastorff and the Countess Theresa Bei nstorff,
the French Ambassador, the Spanish Miodster and the Mar-
chionessH
do Moline, the anoverian Chargé d'Affaires and
Baroness de Biome, the Prince and Princess Dimitri Solti-
koff, the Marchioness of Ely and Lady Mation Loftus, Lord
Augustus Lofton, Sir Roderick Murchison, Count Andrew
Bernstorff, Colonel Clifton, the Equerry•in-Waiting on his
Royal Highness the Duke of Cart e, Prince Congas..
koff, Prince Ouroussoff, M. Sabouroff, and Baron Freed..
ricks; members of the Embaasy,were present. The band
of the Coldstream Guards, under the direction of Mr. A.
F. Godfrey, performed a varied selection of music doting
dinner. In the °senior Baroness Brunnow received •
numerous and brilliant company, includ,ng the whole of the
corps diplomatique.

OFFICIAL APPOINTMENTS.—The Hon. Henry
Edwards has been appointed an AttacU at the Foreign-
office. Mr. Randal Callender, her Majesty's Consul at the
E..rdanelles, bu been appointed Consul at Manilla ; the
consulship at the Dardanelles will not be filled op. The
Queen has appointed Mr. Henry Ernest Bolwer to be
Receiver-General for the Island of Trinidad. Mr. Cridland,
Acting Consul at Mohile, has been appointed Consul to that
port. Mr. William Downes Griffith, of the Chancery Bar,
has been appointed Attorney-General at the Cape, in the
room of Mr. Porter, who Las resigned, after many years'
servios. Mr. Farquhar, Second Secretary of Legation at
Athens, has been appointed Second Secretary of Letitia) at
Pekin.

INTERNATIONAL HORTICULTURAL EXHIBITION.—
We understand that it la inisnded to hold in London,
towards the end of May in the present year, an Interna-
tional Horticultural Exhibition and Botanical Congress, and
that an executive committee has for some time past been
engaged in making the necessary arrangements. The show
is to be under the patronage of her Majesty the Queen and
the Prince of Wales, and already the list of supporters is
sufficiently extensive to give promise of success. The
means by which the scheme is to be carried out consists of
voluntary subscriptions carrying certain privileges, but
although a good share of support has been promised, the
committee will need a considerable addition to the present
subscription list to enable the scheme to be carried out in
a manner worthy the position of England among the nations
of Europe. representatives of which will be invited to take
part in the prootiediega, in the same manner es at the
exhibition held from time to time on the Guthman; and
which have suggested the present movement. Her Majesty's
government have given permission for the exhibition to
take place on the site of the Exhibition of 1862, when a
space of three sera; will be covered in and laid oat as en
ornamental garden for the purpose ; sad uriatienteolo have
been made with the Royal Horticultural "Society securing
free scone to their garden to the visitors to the show. The
prize list extends to about 2,5001. for plants, flowers,
fruits, &c., and thelSociety of Arts add 50& for certain spe-
cified implements. We are informed that the Congrees
will be presided over by M. de Caudate, a botanist of world-
wide reputation, who is expected to deliver as inaugural
address. Similar meetings are promised for 1867 in Paris,
and for 1868 in FM. Petersburg. Those which immediately
suggested the London meetioz were held at Beads in
1864, and at Amsterdam in 1866.
GREAT EASTERN RAILWAY. —Mr. R. Young,
M.P., bas offered himself ma a candidate fors seat at the
board of this company. Mr. H. Love, chairman from 1857
to 1862, who recently announced hie intestine to retire
from the board, has also expressed his readiness to env*
again if re-elected.