The Express.
London, England, 1866-08-13 00:00:00

•
2 THE EXPRESS, MONDAY EVENING, AUGUST 13, 1866.
• _
METROPOLITAN and GREAT WESTERN over again that it is precisely the present policy of ace Court. LATEST INTELLIGENCE. EXPRESS FROM PARIS. s
RAILWAYS. the Bank that keeps its reserve low. The reason -..--. --e---.
maritorourAN AMATEUR unarm TURSDAY, Anguilla. OSBORNE, Auouer 11. THE DEMANDS OF FRANCE AND THE (rams one owl coinunroirracr.) '1
Hammersmith Bridge Is the best point of view. that it does not increase is that, in face of the un-
FREQUENT TRAMS between an YITROPOLITAN NU-
TIONS and HAMMERSMITH STATION, which is within are certainty cleated by 10 per cent., the public will
animates' walk of Resnasersmithdiridge. not part with the additional notes they now hold, Prince Leopold, Princess Beatrice, and the Princess of The Delnits of to-day alludes to this subject in M. Cucheval Clarigny, the editor of the Presser bee
JOHN BEOGDEN. Leiningen, embarked yesterday afternoon on board the the following piteous tones •
and that foreign nations will insist upon being • • . .
royal yacht Alberta, Captain the Prue* of Leuungen, and The silence of our official and officious journals may be "second phase" of the negotiations, mil
which you
cal
paid in bullion, and will not give us credit, nor steamed down the Solent towards Hurst Castle. writes as if we were now entering upon that famous to 1
considered to confirm to some extent the rumours which must remember my calling your attention to when
ORIGINAL GOLD CHAIN MANUFACTORY, send their surplus capital for employment here. In attendance were lady Waterpark, Lady Augusta are current in the political world respecting these•
16, BEtatarrrAsruar, COYINT-GARDIN• it was first mooted by the Patric some days ago. pat
Can anything be more anomalous than a rate of Stanley, and Major-General Seymour. demands, but of which we know nothing in France,
JOHN BROGDEN'S 18-carat GOLD CHAINS. discount in Paris of st per cent., and here Her Majesty walked in the grounds this morning with except what we are permitted to glean how and entirely the
of 10 f Even the Bank of Belgium on Satnr- Pringeu Louise* there from the foreign Nor are we better informed " good offices" of France, and she has now
The armistice of Nikolsburg put an end to the yeti
Sir Augustus and lady Paget arrived yesterday, and had use which res
JOHN BROGDENI3 GOLD GUARD CHAINS. day reduced its rate to 4 per cent., and
the honour of dining with the Queen and the royal family. dispatch from Toulouse recently announced that the
as to what interests us at home than abroad, A telegraphic recovered her liberty of action. The fro
France now intends to make of this position was i,
yet of the bullion we have been lately sending there
JOHN BROGDEN'S GOLD ALBERT CHAINS. Count Lavradio left Osborne thismorning.
little or none is likely to come back. The reason
Lady Augusta Stanley has also left. municipal council of that place had been suspended by pro- id
factorial decree, for what reasons we are ignorant. None
opinion, and can only surprise those who forget the to,
easy to have been foreseen, looked for by public th
is that excessive distrust, which affects us equally AUGUST 12. leastaTtota o , have
ood wbe: n published
o
JOHN BROGDEN'S GOLD BROOCH CHAINS• papers of .
in our international relations with the Continent, The Queen drove out yesterday afternoon with Princes
and in the relations between the Bank of England Louise. have done so if it depended on them. Why this the very beginning of the German complications." r
attitude assumed by the French government from ch
BENSON, J. W., by Special Appointment to and the general public. It is to be hoped that Her Majesty, the Duke of Edinburgh, Princess Louise, t but bfhinkehe they would
silence and this mystery' Why are we reduced to con- If we may credit this writer France is now about to in
H.R.H. the Prince of Wales. and Princess Beatrice, attended divine service this morning -
the feeling will eventually subside, but there lectures? .As if what takes pleas in one of the principal act for her benefit upon
BENSON'S WATCHES. Prize Medal, 1865. seems little chance of this at present. at Whippingham Church. towns of France had no interest for anyone beyond the laid down that no great power can extend its a
Sent safe by post. The Rev. George Prothero officiated. town iteell, It would be ungracious, however, not to the doctrine she has always
nil"
frontiers without ipso facto giving all the other cis
Sir Augustus and Lady Paget left Osborne yesterday.
BENSON'S ILLUSTRATED PAMPHLET. 2d. admit that the officious journals are not mute every day,
OUR CONTEMPORARIES. The Hon. Flora Macdonald has arrived as Maid of and do not always stand in the position of the statue
Honour. of Harpocrstes with a finger pressing the lips ; for meat. This doctrine,
by the way, which is unsus- IA
great powers a right to an equivalent aggrandise- tb
tbouENSON, Old Bond-street and Wes
grove. Steam Factory and City Show Rooms, 58 an rall- (THIS DAY.) A deputation of d 60, the Joint Stook Beebe of London had the Constitutionnel informs us that the Empress of Mexico tamable by any argument but the sword, and was
B. 1:
Ludgate-hill. -e,-- an interview with the Right Hon. the Chancellor of the had a long interview with the Emperor yesterday at St. never advanced by any of the great powers when °ti
CONTIIIILITAL Karnes. Exchequer on Saturday, at his official residence in Down- Cloud, and after revealing this seeret adds :-" Public Piedmont absorbed all Italy and France took or
. frit, Ci:preoxi. Co
Commenting on the negotiations carried on at ing-street, on the subject of the Treasury letter opinion, in spite of the newzmongers, for whom every event
rmons between Austria and Italy, the Times concludes, on the 11th of May to the directors of the Bank of England. is an inexhaustible text for conjectures, has not gone Savoy and Nice, seems to me to mean war in per- ti
netuitv or at least till all possible combatants cl
from the terms on which the armistice is based, and which The deputation consisted of Alderman Salomon; M.P., astray in the present case. It has assigned to the mum- .- - -, '
shall have exhaus .
ted their strength. However, it 11
PRINCESIT& may be looked upon as honourable to both parties, that (London and Westminster Bank), chairman of the com. geous sovereign an elevated object, and one worthy of her
Tam seams, THE HUGUENOT CAPTAIN. Stamm Vining,
earrai.-Hrn7L ill.se_es_
...21eilymds.AUF1411 Thomson, and Sim there can remain no doubt as to the willingness of Austria mittee ; Mr. William Nicol (London and County Bank), character." Public opinion is now completely enlightened is on the order of the day now in Paris, and I sus- ;J.'
to give up the whole of Venetia within the limits ap- Mr. Paull, M.P., and Mr. Richard B. Ware (National Pro- as to the object of the voyage of the Empress Charlotte ; pact a great deal more will be heard of it between w
IIIiAJDUI-ri
BRITANNLIL pointed by herself to that province in 1815. The cession vincial Bank of England), Mr. Charles Gilpin, M.P. (Me- and it ought, indeed, unless it is intolerably curious, to d
Tins Endres, JACK mute°, rim LONDON gram will probably be free from all conditions onerous to the tropolitan and Provincial Bank), Messrs. A. P. Petrooo- be perfectly satisfied. this and the evening of August 15.
A correspondent of the Temps, writing from b
BOY : OR, TRY AGAIN. Mr. Reynolds • Mrs, 'remold.- Italian', with the single exception that Italy will have to chino and A. Ralli (Imperial Bank), Mr. Donald larrach The suck says :
Mr. F. Evans & Miss Amy Rosalind : Mr. C. Brows : Miss Lydiaßerlin on August 9, seems to think that there a
zetener ; Mader E. sanders-THE JOLLY DOOB OF LONDON. accept the part of the Austrian imperial debt contingent (London Joint-Stock Dank), Mr. P. Northall Laurie (Union The independent press of all shades is naturally amp •
on the ceded territory. As to the Tyrol and letriii, it is Bank), Mr. M. H. Chayter (Alliance Rank), and Mr. J. N. pied with the question of a rectification of frontiers raised is . t
nothing more than " a passing cloud" between /
Presets and France, and that substantially the re- t
HIGH WATER AT LONDON BRIDGE very clear that the Italians must needs abandon all idea M'Kenna, M.P. (National Bank). Sir Stafford Northcote. between France and Prussia. Nothing official has yet
Ms DAY -Monde& 3h. 40m Afternoon, 3h. seaoon, of obtaining any portion of those districts by force of ono.. Bart., M.P.. President of the Board of Trade, was Present been communicated to the public on this subject. We lations between the two countries are still very a
To-mossow-Molding, 45. 19m Atteriscoa, 4h. 37th. The demands of the Italians may not be destitute of reason at the interview. hope the government will not delay in informing the friendly. He also speaks of the probability of an i
and justice ; but we are now, perhaps, further than ever Despatches were sent on Saturday !from the Colonial- country as to the scope and extent of its demands. It is interview between tho Emperor Napoleon and a
LONDON, MONDAY, AUGUST 13. from that happy age in which right shall be might, and office to the governors of Gibraltar, Malta, and Capsule.. evidently the interest of the government to be made sc. King William.
__......-___ no good friend of Italy could hold out a hope that her army quainted with the wishes of the country on so grave a Not only M. Benedetti, the French minister to g
A mons discouraging reply than that given to could cope with all the forces of Austria with any chance THE ROYAL VISIT TO YORK. question. but Ma'or a
the court of Berlin, haa arrived in Paris, j i
the representatives of our great joint-stock banks of success. However unsuccessful, Italy has no reason to --•--
be ashamed of her share in the conflict. The example. of On Saturday the long-looked for Volunteer Review at Referring to the question asked in the House of
on Saturday by the CHANCELLOR of the EXCHEQUER Commons on this subject and the reply of Lord de Lee, his military attache, who is the bearer of 1
her antagonist has shown that not even the most tried Kuaveamire came off in the presence of an immense con- despatches. Negotiations of the highest import- I
can hardly be imagined. The old stereotyped Stanley thereto, the Avenir National says :
valour can command su Eut to lase, however course of spectators. The weather, unlike that of the I
commonplace that the subject is of great import- honourably, a battle by land and one by sea, and by such previous day, was fine, and the ground in good condition It is then to the press on the other side of the channel ante are doubtless going on.
Munster, thelate am
since, and requires serious consideration, was never losses to secure one of the noblest provinces of Europe, for both volunteers and spectators. Some 30,000 volun. that we must turn for information on a subject that is of Count ambassador of the clis_
such deep importa. nce to us. possessed King of Hanover at St. Petersburg, :
more unfitting than now. The great thing that is together with the strongest frontier in the world, is a pm- teen were present. According to strict order the troops
On the . subject of the demands of France the came to Berlin the other day to make a last effort
wanted in the present conjuncture is quick and re_ tentous turn of luck such as never before betel any other were inline by 2 o'clock ; Lieut.-Gcncral Sir Sydney Cotton,
solute action. The Government can easily put Ration' commander of the northern division, took the general com. Independame Beige contains the following : in favour of the dynasty of the Guelphs, but neither
The consequences that may ensue from the demands mend. The men were divided into four divisions, and The first question put by France to Prussia will the King nor M. do Bismarck would zee him, and
off their decision, but they cannot thus defer the
made by France on Prussia lead the Times, in another arti- each division was subdivided into three brigades. Seven whether Prussia meant to withdraw from the cog• he went away as he came.
imminent crisis in trade. Every day, every hour, de, to consider the position and defences of this country. batteries, making 21 guns, four of them 32-pounders, nuisance of Europe the new arrangements which The Duke de Magenta, now in Paris, is under- '
the danger becomes more serious; and if England has no desire, and happily is under no obligation, were placed in position. Corps were present from Leeds, she intended to substitute for the existing order
it were not that commerce is in an excep- to take part in Continental conflicts, but the events of Bradford, Bingley, Skipton, York, Sheffield, Halifax, of things. The second was, what these changes stood to have protested very strongly against the
tionally sound position, the craah would have taken the last few months have clearly shown that the antici- Doncaster, Newcastle, Wakefield, Saddlewortb, Scar- were to be, in order that France might be in a intention of the new Algerian Company to invest
place weeks or months ago. There is, however, pated reign of pesos was a mere chimerical vision, borough, Hull, Beverley, Seaham, Sunderland, Gateshead, condition, from the extent of the annexations some of their capital in speculations in France.
a limit to endurance, and we have pretty nearly, and it is obviously impossible to say how long we may Bishop-Auckland, Stockton, Liverpool, Manchester, St. effected, to estimate the importance of the territorial Ho desires to hold the directors to the contract
. Strong as our be permitted to enjoy an unexceptional repose. Helen's, Grantham, Kendal, Ulverstone, Bury, Wigan, compensation which the increase of Prussia's territory solemnly made with the Corps Legislatif, that every
if not quite, got to its length
With regard to the navy, instead of being as strong as all Rochdale, Warrington, Newton, Blackburn, Ashton, would give her • right to ask in return. Le-
franc of the money subscribed should be laid out in
traders might have been at the first approach of
the world together, we are not even in the first place, and Alnwick, Leicester, and Nottingham. sides, the French cabinet left it to be understood that it
klgeria exclusively. A paper war has been going on
collapsed credit, their resources are getting ex- alliances might easily and even naturally be formed by The Prince and Princess of Wales, who had taken would be content with the re-establishment of the frontier '
for some time on this subject. The company, emu-
hauded by this time. A commercial crisis, if which all our effective fleet could be outnumbered to- luncheon at Bishopsthorpe with a distinguished company, of 1792, which was adopted in the treaty of peace of 1814.
short and sharp, often does good, although not morrow. The position we have always vindicated for came upon the ground at half-past two, and were enthu- But for the present nothing official took place on this lous of the large profits made by the Credit Mobi-
unmixed with much harm. In the latest instance, ourselves has been occupied by the Americans. They elastically received. The volunteers then commenced point. These overtures were not well received in Berlin. liar and Credit Foncier, contend that they can beat
for example, the panic of 1857, the result was to really have, or believe they have, a navy superior to all marching past before the Duke of Cambridge and a brit- as may be supposed, but no definite answer was given, and put themselves in a position to keep Algeria by
clear off a quantity of rotten firms who were habi- twhiethnaouvtieslaof
plausible grounds
, and
Tthoeis preethuomptitonosuare
oonorot I:.antetnedteadfff.iaTl The tiorooilops wTehreereanviehwour in ptaisusinotxboyo,looankd fiinroilia,ariblsyowin
llleanvoet
ob:dfooortsohomheeatli augmenting their own credit ; and that until good
tually trading at a loss, satisfied if, by the lasted health of tMhe. Emperor,
rtitishonnisowi
investments can be found in the colony they are
- together, the Americans have only spent about 80,000,0001.3
The right divrvion formed in line opposite the saluting flag, improving, prevents him from bestowing that attention
wholesale manufacture of accommodation bills, on their navy. We, during the same period, have spent and deployed upon the centre, the left division meantime to the details of the negotiations which their importance justified in turning their money to the best account
they could keep their heads above water for the between 60,000,0001. and 70,000,000/., and have nothing marching past to form into line behind. The artillery demands, it is probable that they will proceed with in France. To this argument it is replied that it
longest possible period. Some substantial firms like so much to show for it. The fact is, we have a navy, opened fire in front, and under their cover the right a prudent slowness. Moreover France has no intention amounts to a declaration that the Emperor's pro-
also succumbed to the pressure of the times, but but it is a sham. We have ships enough, but they are division threw out a body of skirmishers whose of going to war at present, and her demands upon mini to Algeria is not realiseable, and that the
they soon regained their original position directly mostly useless. The Navy List tells us that we have movements ultimately developed into the whole line 'Prussia are but the indication of future policy. consent of the Corps Legislatif to the constitution
the worst difficulty had passed. In like manner nearly GOO men-of-war; the First Lord of the Admi- volley firing from the right. The left division of the company was obtained under false pre-
racy tells us that nine-tenths of these are dummies. shortly afterwards bad an opportunity of showing similar GERMANY.
the existing crisis might have done service if it In urging upon the government and the country the practice. The usual forming of squares and other move- The Prussian Gazette publishes the text of the tenges•
bad ceased, like its predecessors, with the wind- necessity of vigorous reform, the Times would by no ments having been effected, the review concluded with conventions of armistice concluded with Bavaria, Count de Nieuwerkerke has executed a little coup
lug up of a number of companies whose fall was means imply the necessity of additional expenditure ;it a royal salute. At the close the Duke of Cambridge highly Wurtemberg, Baden, and Hesse Darmstadt. (Mot in the Louvre ;ho has expelled all the pho-
merely a question of time. Had the matter ter- ask' only that the same money should be bettor spent, complimented the volunteers on the manner in which they tographers, on the ground that they are " habi-
The anent committee of the Nationalverein
minated there, nothing more would remain to be It is not, says the Daily News, at the moment of yin- had acquitted themselves. In the course of bits remarks twiny careless," make themselves far too much at
have issuedPe
an appeal to its members. In this
said. Unluckily the late Government, while en- dieting his title to be the leader of Germany that he impressed upon his auditors the importance of attendinghome in the public galleries, and throw about oor-
King William clan cede portions of its territory. Na. to details, which proved to be all-important matters in document they say :
deavonring to apply a remedy to the threatenedfield of rosive substances, which not only spoil the floors
poleon knows too well what subserviency to a foreign great operations of war. He repeated that he Notwithstanding all its brilliant successes on the
general withdrawal of credit, enforced a proviso influence has cost the Emperor of Austria since the 31st had never seen a more creditable military die. battle the Prussian government has as much need of the and staircases but injure the pictures and
which has served to render the proposed measure of July. The more the Emperor of Austria has forfeited play than he had been favoured with, and de- German nation as the German nation has of the Prussian curiosities.
• of relief quite nugatory. They imposed as aby showing himself too little German, the more is the dared that the volunteers before him formed government. The first and indispensable condition M. Pijon, the advocate, who dropped down in an
condition of their aid that the rate of die- King of Prussia bound to guard against the least sacrifice magnificent material wherewith to form an rffi. for the constitution of Germany is and remains apoplectic fit while actually pleading at the bar of
count should be kept at 10 per cent. The of the national sentiments and interests. It is absurd, cieut army. The ready, cheerful manner of the the necessity of its integrity. A division of Germany
the Fifth Chamber, never recovered consciousness,
authorities at the Bank of England have apps- thinks the Daily News, to contend that Landau and Saar- men in gathering together, and moving at the order of into a North Germany and • South Germany is not. in
and died on Friday night. He was 68 ye of age.
loins are necessary for the defence of France ; but the their commanders, reflected the greatest credit upon all harmony with the political interests, the economics
rently been unable to realise the effects of this prospect of war to:determine such questions as the French concerned. In conclusion, he complimented Sir Sidney interests of the well-founded claims of the German people _____. _. _____ _
restriction, and have maintained it in full force demand may give rise to is too terrible to contemplate ; Cotton for the manner in which he had directed the move- for unity and liberty, these indispensable elements of its WEATHER REPORT.-(THIS DAY.)
without hesitation or remonstrance. Hence we and the Daily News will hope to the latest moment that it mente of the volunteers, and expressed regret that the development.
have now a kind of supplementary panic, and may be avoided. Prince of Wales had been compelled to leave before the The committee then recommend the states and MONDAY, AUGUST 13, 11 A.M.
have reached a financial deadlock, which neither
the Government nor the Bank Directors seem to
know how to get out of. They look on with a In the present temper of the Prussian nation, not even review had finished. His royal highness had, however, the people of South Germany to hasten their entry
Count Bismarck, powerful and popular as he is,
dare to surrender to France • vil e of strictly German would expressed great satisfaction at what be had seen of their
lall evolutions. The day passed off without any accident
nationality' As the Telegraph believes that the French having been reported • and the Prince and Princess left for into the now federation, and to realise the right of
a common political life guaranteed to the nation
Nairn
.Bea,
I is, .11' lc 1it01,..._...._, W. 11.. Ito
1 I I lt' F. • D. 1 IIL
___ _
2918 59 E. 1 2 EN.E oc 003. I
iii kind of bewildered apathy, which would be ' Earl • by the imperial constitution of 1849. Aberdeen .. 29.89 56 S E 82 i N.W. eb -; 3
Emperor must be perfectly aware of that broad fact, and Studley-park, the seat of the de Grey and Ripon, at
• amusing enough in itself if it did not entail the - - Leith - i 1
has no desire to figure in the eyes of Europe as the dim ten minutes to G o'clock. Their royal highnesses leave to- THE AUSTRO-ITALIAN WAR. Ardrosaan 29.88 56
W.H. 33 I S.S.W. ro 1.00 2
most grievous consequences. tuner of its peace, it cannot but think that the position day for Highforce, North Yorkshire, when the Prince will Greencastle 29.87 5.8 &W. 1 4: , W.N.W. ro 0.10 1
A correspondent of the Times writing from Corz, valentia...
.0.28 2
The present CHANCELLOR of the Exenzerze. he has taken up will turn out to be quite reconcilable with commence grouse shooting.
has not had much experience in office, otherwise any easy retreat, and not necessarily leading to extra. --
on the 11th, says :-" The truce having expired, 11,err,001.
he would know perfectly well that a depu- migieL His Royal Highness the Duke of Cambridge has the Austrian army will advance to-morrow to iviNWo,o 18 fi
Ve°l7heades ;i1.01 t.7ii VOTW. .: ' 0 W. .re 11:17, 3
-
tation from the joint-stock banks would not been staying on a visit to Lord and Lady Bonilesborough at occupy Alesso. It is a barren country, and no seed ..
10.50 e
MISCELLANEOUS SUBTECTS. Lorient
Grimston Park, Yorkshire. opposition is expected from the Italians, who have Rchefort 29.92 63' N.W. 3' 4 &W. ro lode 2
1 urge upon him a particular course of action The Herald regrets to find, from a scene which occurred Their Royal ll' hne ig sses the Duke and Duchess retired, it is supposed, behind the Tagliamento. Plymouth
unless they had grave reasons for so doing. Prim& at a meeting of " The National League "in Dublin, that - - Weymouth
facie it seems the most unlik I thin 'e y ng in the world the statements made by Lord, Derby and Kimberley re- de Chartres have arrived at Brussels on a visit to the King The fleet is at Trieste, embarking troops." Portsmouth 2947 60', N.N.E. 4 4 N. ro 0.41 3
and Queen of the Belgians. London
_ 29.86 60, N.H. 11 5 B.W. oc 029 -
. that establishments which exist by lending out spading the still continued existence and strength of the Yarmouth
The Duke and Duchess of Sutherland have ass- (RECTOR'S TELEGRAMS.)
money should strive to lower the market rate of Fenian conspiracy in Ireland, are not at all . Scarborough. 2894 57; E.S.E. 1 2 &E. co ,0.07 2
need at Tarbet House, N. 8., from the south, where they FRANCE AND PRUSSIA. Shields .97 52 S.& 2, 2 S.W. o- . 2
• interest. To an outside observer a banker must exaggerated. Had the Whig government taken
will
remain a few . • Helder
*aye, and then go to Dunrobm for the
prompt measures to suppress it before it ac PARIS, Aucese 11
he ireakinir more money when diacmint is at I 0 nee -___:-_, ..... -:-- -...1 .........1, .1.: • ..t. ...I ~ - autumn. _ _ The Constitutionnel of this morning publishes an
The winds have varied nuc REMARKS.i direction and force since

know how to get out of. They look on with a
kind of bewildered apathy, which would be
amusing enough in itself if it did not entail the
most grievous consequences.
The present CHANCELLOR of the EXCHEQUER
has not had much experience in office, otherwise
he would know perfectly well that a depu-
tation from the joint-stock banks would not
urge upon him a particular course of action
unless they had grave reasons for so doing. Prim&
facie it seems the most unlikely thing in the world
that establishments which exist by lending out
money should strive to lower the market rate of
interest. To an outside observer a banker must
be making mom money when discount is at 10 per
cent. than when it is at 5. The answer to this is,
that high rates of interest in themselves make
securities bad which would otherwise be good,
and also are fatally injurious to credit. The
present crisis, for example, is entirely one
of credit. Every man distrusts his neighbour,
not from doubt as to the soundness of
his position, but because he thinks 10 per cent.
exercises so great a pressure that his failure may
any day occur, " from the hardness of the times."
The joint-stock bankers know this perfectly well,
and they also know, what everyone)n the City,
with few exceptions, equally perceives, that as
long as the Bank rate is at 10 per cent. confidence
cannot revive. They have, doubtless, by all the
means in their power endeavoured to enlighten the
Directors of the Bank upon this point, but the
majority appear, unfortunately, of that calibre
of mind that they can learn nothing, and
forget nothing. They will persist in
applying to their course of action the
rules which work well enough in ordinary times,
but are worse than unsuitable when exceptional
difficulties arise. If a few weeks ago they had
only exercised the prudent boldness of lowering
their rate to 8 per cent., even when their reserves,
according to traditional practice, did not warrant
the step, the whole face of commercial affairs
would have been altered. It then required but a
alight move in a favourable direction to have
initiated a general return of trust. Most unfortu-
nately the opportunity was neglected, and how soon
it will recur it is impossible to foresee. The con-
tinued maintenance of 10 per cent., and the evident
discredit abroad with which England is conse-
quently viewed, have had a most serious effect.
The question of whom to trust is resolving itself
into whether we shall trust at all. We are
gradually dropping into a state of barter. Several
classes of securities are becoming unsaleable on the
Stock Exchange to any amount unless the seller is
prepared to take other securities in exchange.
Everyone, in fact, whether banker, merchant, or
other trader, seems bent upon hoarding as much
money as he can.
Mr. DISRAELI has postponed his answer, but
there appears little doubt that it will be a refusal.
One argument he is said to have used in favour of
the Bank policy, was drawn from the low state of
the reserve. Yet it has been proved over and

The Herald regrets to find, from a scene which occurred
at a meeting of " The National League " in Dublin, that
the statements made by Lords Derby and Kimberley re-
specting the still continued existence and strength of the
Fenian conspiracy in Ireland, are not at all
exaggerated. Had the Whig government taken
prompt measures to suppress it, before it ac-
quired extension and strength, the task of dealing
with it would have been comparatively easy ; but by their
negligence in permitting foreign emissaries to teach their
pernicious doctrines, and poison the public mind, they have
left a far more difficult one to their successors in office.
It is hard to grapple with a secret society, which, warned
by experience of its inability to resist constituted autho-
rity, avoids committing itself by overt acts, and quietly
bides a combination of circumstances which may give it a
chance of carrying out its intentions.
If, says the Stu., Mr. Disraeli's argument in reply to
the deputation of bankers were sound, to increase the rate
of interest even beyond 10 per cent. would be a fair in-
ference from it. If to increase our bids in the way of inte-
rest is the only way in which the Chancellor of
the Exchequer considers our supplies of capital can
be increased, why does he not suggest that the rate
should be made 12 per cent., and, if necessary, advanced
from 12 per cent. to 15, and so on to 20, or to any other
outrageous figure, in order to lure home and foreign
hoardings into the public ooffers? It is very obliging of
Mr. Disraeli to stay in town, and keep the 10 per cent.
rate of discount company ; but the City would be better off
without either him or it.

The Duke and Duchess of Montrose have left
town for Buchanan House, N. 8., for the maim.

)

DEATH Or Ma. THOMAS &THEBAN. —There has
just passed away from us, at a ripe old age, one who was
for a long series of years intimately connected with City
life. Mr. Thome Sotheran, to whom we refer, was the
founder of the bookselling establishment which, under
the able management of his son (and more recently in
partnership with Mr. George Willis), has become one of
the largest bookselling businesses perhaps in the world.
Mr. Bother= was in business from 1812 to 1856 (when he
retired), and will long be remembered for his geniality of
disposition and courtesy of manner. He formed a valuable
between the past and the present, having been
for nine years with Messrs. John and Arthur Arch, the
famous booksellers of CornhilL Be was thus known to
two generations of book-buyers. The experience of such a
one, who knew bookselling 60years ago, and knew it to-day,
was very valuable, and could it be given to the world would
be most acceptable material towards a history of modern
literature. Mr. Sotheran was also the father of the Lori-
nera' Company, having become a liveryman so far back as
1815. The interests of the company were very dear to him,
SA were also those of the Yorkshire Society, whose claims
upon him, as a native of Yorkshire, were always cheerfully
acknowledged up to the period of his death. Mr. Sothe-
ran's kindness of heart and urbanity of manner will long be
remembered by all who knew him. He died in his 84th
year. at Lewisham.—City Presa
THE RI7MOURED FENIAN IsvagioN.—On receipt
of the false intelligence on Thursday morning of a Fenian
descent upon Shetland, Mr. W. E. Baxter, M.P., tele-
graphed to BirJohn Pskington that considerable alarm was
felt here for the safety of the whaling fleet, which, if the
expedition were really a Fenian one, would be certain to
be captured, should the Fenians come across it. Later in
the day a telegram was received in reply, indicating that
the government would inquire into and attend to the
matter. In the afternoon a petition was signed by a min-
bee of our leading merchants and shipowners, requesting
the government to despatch a sufficient convoy for the pro-
tection of the whaling vusela. —Dundee Advertiser.

The mortal remains of the Marquis Camden
have been removed from Mayhem Abbey to Wilderness,
near Sevenoaks, preparatory to the funeral, which takes
place to-day.
The Earl and Countess of Durham left town on
Friday last for Lambton Castle, Durham.
The Earl and Countess of Dartrey have left town
for Dartrey House, Coote Hill, county Monaghan.
The Earl of Powis has left town for Powis
Castle, near WelabpooL _ _

Lord and Lady Penrhyn and Hon. Mimes
Douglas Pennant arrived at Penrbyn Castle, near Bangcr,
on Friday last, for the season.
_ _ .

The Count and Countess Hippolyte Czernichew
Kroughltkoff bare arrived at Claridge*, Hotel from liydo,
Isle of Wight.
Viscount Flolmesdale and Mr. Boultbee have
left Penearrow, Lady Pdolesworth's seat in Cornwall, for
Scotland.

Lady Herbert of Lea is entertaining a select
family party at Wilton House, near Salisbury.
The Baron and Baroness von Eisendicher have
arrived at the Alexandra Hotel, Hyde-park-corner, from
Germany.

- .
The Hon_ Mr. Westby has arrived at the Queen's
Hotel, Upper Norwood.
Colonel and the Hon. Mrs. Dudley Carleton have
left Tetworth to join the circle at Pencarrow visiting lady
Molesworth.

The Constitutionne/ of this morning publishes an
article upon the rumours respecting the demand
for compensation addressed by France to the Prus-
sian government.
The article says :—" It is important not to allow
public opinion to be led astray on so serious a
proposal. Without doubt it is possible that France
has a right to compensation, but to believe that a
programme has already been drawn up and
already rejected would be to misunderstand
the ordinary character of diplomatic negotia-
tions and not to take into consideration the
very friendly relations existing between the
two powers, moreover it would be forgetting that
the true interest of France is not to obtain any
inisiznifiraut torritorial aggrandisorriant, but. to aid.
Germany to constitute herself in a more favourable
manner for her own interest and those of Europe."

AMERICA.
(By Atlantic Telegraph.)

NEW YORK, AUGUST 9, EVINING.
Gold, 1482. Exchange on London, 159 fr. Illi-
nois, 122 ; Erie, 68; ; 5-20 Bonds, 1091. Middling
Upland, 34.

Mr. and Mrs. Alfred Morrison have left Cla-
ridge's Hotel for Foothill House, Salisbury.
We have reason to believe (says the Times) that
the Garter vacated by the death of the late Marquis of
Lansdowne will be conferred upon the Duke of Richmond.
Lord Boyne is also to be advanced to the peerage of Great
Britain.

NEW YORK, AUGUST 10, ETTNING.

The winds have varied much both in direction and force since
Saturday.
on the south-west coasts a great deal of rain Tea fallen, and
last night the winds were very strong from the westward.
Temperatures have increased. Barometric pressure continues
to oscillate considerably. This morning it is increasing.

Gold, 1481. Exchange on London, 1591). Illi-
nois, 122 ; Erie, 69,i ; 5-20 Bonds, 109. Middling
Upland, 34.

NEW Romax CATHOLIC BISHOP.—It is officially
announced that the Rev. Canon Eyre, of St. Mtry's, New-
caatle-upon-'Tyne, has been appointed Bishop o. Hexham
and Newcastle. He succeeds Bishop Hogarth, who died
on the 7th of February last.
MELANCHOLY DEATH OF A BARONET.—Between
I and 2 o'clock yesterday morning Sir Gilbert East lost his
life near the pier at Ryde in a manner which has not yet
been satisfactorily explained. He has been in the habit
for many years of spending the yachting season at Hyde,
and this year his fine schooner yacht the Lalla Rookh has
been out daily during the regattas on the Solent. She was
at her moorings, about 400 yards from the pier head, on
11•41m/ry oficauoon, when Sir Gilbert, aitoompanied by a
female companion, came ashore in his own cutter and spent
the evening in Ryde. Between 1 and 2 o'cicck this
morning he passed through the toll-gates with the same
person, as the piermen supposed, to go on board his yacht.
It was high water and raining heavily at the time, and
before they could have got half way down the pier the
attention of the few persons at the gate-house at that
hour was excited by the piercing shrieks of a woman.
Captain Craske, one of the oldest officers of the Royal
Mail Isle of Wight steamboat service, who happenedto be at
the toll-house in the performance of his duty at the
time, and Cousins, the pier watchman, and others ran in
the direction from which the cries proceeded. On reach-
ing the roundhouse they found a lady in • state of
great excitement, and a voice from the water was dis-
tinctly heard crying out " Save me ! Oh ! save a drown-
ing man ! I'm all nght !" Adams, one of the crew of Mr.
Hudson's yacht the Caroline, who was among the few
present, ran to his cutter alongside the slip about
250 yards distant, but before he and his mates could get
back to the spot whence the cries came, all trams of any
person in the water were lost. The search was continued
for some hours, but without avail, and although the spot
has been dry twice since the morning the body has not yet
been recovered. Sir Gilbert's companion returned to the
toll-house, and subsequently went off in the cutter of the
Lalla Rookh, the crew of which had been awaiting the
arrival of their owner at the pier-gates, but on seeing him
approach had hastened off to the pier-head, where their boat
was moored, and where they had been out of hearing of
the alarm excited by the sad event. It is said that Sir
Gilbert was an excellent swimmer, so that the circum-
stances of his death appear the more extraordinary.

THREATENED ANNEXATION Or MTSORE.—The
names of the following gentlemen, formerly residents at
native courts in India, were subscribed to the petition
which Mr. Mill presented on Friday, praying that the
house will take steps for preventing the annexation of
Mysore, and for maintaining that tributary state with every
possible security for British interest' and for the prosperity
of the people of the country, viz.:—General Briggs, the
First Commissioner of Mysore ; Sir John Low, late member
of the Supreme Council of India ; General Fraser, late
resident at Hyderabad and at Mysore ; Colonel Haines,
late Judicial Commissioner at Mysore ; General Jacob,
late Commissioner of the Southern Mahretta Country ;
Sir Robert Hamilton, late agent to the Viceroy in Central
India; and about fifty other persona conversant with
Indian affairs.
THE GREATUAM HALL.—Ever since this cruiser
hu been lying in the Portland Roads, whither it was taken
under arrest by her Majesty's ship Caledonia, a series of
disturbances have taken place amongst the crew, and cases
of riot and violence were constantly being brought before
the magistrates of the district. On Wednesday last 16
men, who had engaged as part of the crew subsequent to
the recent mutiny, were brought before the magistrates at
Weymouth Guildhall, having been arrested on a warrant
charging them with disobedience of orders and refusing to
proceed to sea. They were sentenced to 14 days' impri-
sonment. A fresh crew was obtained on Thursday, and
afterwards the Greatham Hall steamed out of the road-
stead.

The Convocation of the prelates and clergy of
the province of Canterbury was on Saturday formally pro-
rogued by the archbishop at the Jerusalem Chamber until
Friday, the 26th of October.
PRIVATE Bime.—From a parliamentary paper,
Maned to-day, it appears that the number of private bills
deposited in the Private Bill Office, in 1866, is 633, of
which 377 have received the royal lament.
BAEHRUPTCY.—This morning was issued a par-
liamentary return relating to the deeds registered from the
11th of October, 1865, to the 11th of April, 1866, inclusive.
The number of deeds of assignment was 1,219, the gross
amount of unsecured debts, 3,213,7141., the number of

—Tines. -
THE SUBSCRIPTION TOR THE WOUNDED POLICE.

composition deeds was 1,191, the gross =oust of un.
secured debts, 2,125,0791., the number of deeds of in.
spectorehip, 37, the gross amount of unsecured debts,
678,8281.

The following letter from Sir Richard Mayne appears in
the Times :—" Sir,—l request you will be so good as to
state in the Times that in addition to the sum of 3001. paid
to me by Lord William G. Osborne on the Bth inst. I have
this day received from his lordship 1341. 134., subscribed
by persons anxious to show their sense of the courage,
temper, and forbearance of the police on the occasion of
the late riots in Hyde-park, and to assist those smog
them who have been injured or disabled in the perform-
anoe of an arduous and painful day."
CRYSTAL PALACE.—The illumination of foun-
tains, fireworks, and comets takes ,place this evening at
nine o'clock.