The Express.
London, England, 1867-02-28 00:00:00

ITALY.

FLORENCE, Fen. 27.

It is stated that Signiori Ciprario and Castelli
will shortly proceed to Vienna in order to arrange
the question of the Venetian archives. Hoiden'
F.,‘ will remain at Florence as Turkish Minister
to the Italian court.

THE SERVIAN FORTRESSEti.
PARIS, FEB. 27.

The Moniteur in its bulletin, says that
in eonsevenee of the auoycstions of the French
government the Porte shows itself grilling to sur-
render the right of garrisoning the Servian
fortresses.

AMERICA.
(BY ATLANIIIC TEL/GROW)
NEW YORK, FEB. 27, Roos.
The Senate has passed a resolution fur the dis-
bandment of the Southern militia.

Opening prices :—cold, 140. Sterling exchange
on London, 1081. Five-Twenty United States
Bonds, II 1 ; Illinois, 116 ; Erie, 36.
NM Y YORK, Fes. 27, 5 P.M.

The Senate has rejected the bill adopted by tho
Iluuse of Representatives fur the lime uf green-
backs to the amount of 100,000,000 dollars fur the
redemption of comp( 1 interest notes.
elo4ing prices :—Gold, 1314; Sterling Exchange
on London, 100/. :-1-20 United States Bonds,lll ;
Illinois, 1161 ; Erie, 561. Cotton : Middling Up-
land, 32.

AMERICA.

(nom OUR mem eoanzspoxnrm)
NEW YORK, Fn. 12.

There is a general impression abroad as I write
that wo are on the eve of a compromise between
the President and Congress, that Congress will
either concede something to him or will pass an act
imposing certain duties on him, and that he will be
afraid to disobey it. In fact, even those who are
most eager for impeachment are beginning to
acknowledge that this will be after all the best
way to bring it about ; that the proofs of high
crimes and misdemeanours sthich are forthcoming
at present are hardly likely to support a conviction,
and that one act of positive disobedience td a
positive injunction of Congress would be worth
them all.

The committee appointed to inquire into the
New Orleans riot have brought in their report, a
very long document, which fully confirms the ver-
sion et the story emereouly received at the North. •
They have been over four months engaged in the
investigation, and have examined 197 witnesses,
159 in New Orleans and the remainder in Washing-
ton. The report shows conclusively that the assem-
bling of the convention on which the attack was made
was perfectly legal ; that Mayor Monroe and the
Secessionist portion of the New Orleans population
were determined front the first to prevent the
meeting by force of anus ; that by a series of art-
ful arrangements with the President and with the
commanding officer at New Orleans they secured
themselves against the interference of the mili-
tary on the day of the attack, and that what took
place afterwards was a deliberate massacre of un-
armed taen by the police with the assistance of the
mob. The charge in President Johnson's silly speech
at St. Louis, in which he accused the Radical
Congress of having planned the riot, was also
fully investigated by the committee, and they
show that no encouragement or countenance of
any kind was given to the promoters of the con-
vention by the Republican party either in caucus
or in Congress. The report winds up with a recom-
mendation that Louisiana be placed tinder a mili-
tary government until the reign of law and order
under some plan traced out by Congress. The bill
reported by the committee for this purpose has been
carried in the House to a third rustling, and will
probably be forced through to-day or to-morrow
under the previous question; and as far as we can
judge it is likely to take the place of Mr. Stevens
bill in the estimation of the Radicals. It provides
for the appointment for one year of a provisional
governor of the State of Louisiana by the Presi-
dent and Senate, and of a provisional council of
nine persons, to be appointed in the same manner,
whose authority is to be supported by a competent
military• force. At the end of the year a conven-
tion is to be held to frame a constitution, the
members to be elected by all male citizens without
distinction of colour, except those who have aided
the Confederacy in higher capacity than that of
private soldiers. Under this clause nearly all seces-
sionists will be disqualified as voters for the con-
vention. But the convention is not required to
incorporate in the constitution any provision what-
ever touching electoral qualifications, except a pro-
hibition of disfranchisement fur race or colour.
What the fate of this bill will be it is of course dif_
ficult to say, but the chances are that it will pass
by a sufficient majority to save it from the veto. It
evidently finds much more general favour than
Mr. Stevens's. It is, in the first place, on its face
a pnivisional measure. It is distinctly a measure
of reconstruction, and not of coercion. It allows
a year for the State to settle down in, and in the
meantime provides for the security of life and
property. It prescribes a mode by which, at the
end ..f that period, the regular State government
shallbe reorganized, and the State representatives
re-enter Congress without further hindrance or
de .It imposes no restriction on the State Con-
vention as to the suffrage, and it, as I think, most
reasonably and properly excludes from all share in
the election of such convention nil the active
alders and fomenters of the rebellion. If the bill
pass, I have little doubt similar ones will be passed
for all the other States. One good and honest
feature in it is that it provides for the represents_
tion of the State in the House of Representatives
by one delegateduring the comingyear.

I do not think that the sucmss of Mr. Eliot's
bill will seriously diminish the chance of a com-
promise between the President and Congress.
There is little question that Mr. Johnson is ex-
ceedingly anxious for a compromise, and will will-
ingly enter upuu one, if Congress will concede ever