The Express.
London, England, 1859-04-25 00:00:00

LONDON, MONDAY EVENING, APRIL 25, 1859.

(Stamped td. Additimml.) [TWOPENCE.

ELECTION MEETINGS.

CITY OF LONDON.
A numerous public meeting of electors was held
tral4leratrdry aflame" at Shaftesbruy-kall, Alderegati—
for the purposed esabliag the four liberal candidstss
to feline addresses. Osly throe of the csudideres wale
YIDS aeesii, Lord i• 1111 child Jaws Deka, mid
Mr. R. W. 011111111• C Beso sot hayloft loss
apprised of the contemplated asestiag early enough to Aimed
it. Os the platform were Sir A. Rothschild, Mr. J. I.
Travers, Kr. W. J. Hall, Mr. O. Russell, Mr. Alderman
Phillips, Mr. R. N. Praise, hr.
Kr. R. BIMILZY a Comma Councilman of the ward, wee
celled to the ohai;.
The CHAIRMAN, is °plain the proceedings, briefly a-
verted to the °nametapes that the promoters of the return
of Lord Smoky had withdrawn from the contest—a hot
which wee more explicitly referred to subsequestly by Mt.

Crawford.
Lord I. Ere/apt, who wag greeted with hearty cheers,
spoke as follows--I am happy, gentlemen, to have this op-
portunity of addressing you. I cannot lay it is a matter of
concern or UMW to me that we should not have the pea-
r* of • poll for the City, busses, although it would have
been very egremble to see the rapport which the four candi-
date before you would have keen seas to wain, yet, me the
other hand, it must be reasembwed that • ocateeted &hien I
puts • great mew people to teconvenieue, mad that essay
patlemen sae is suck sass occupied in cenveadag who
would pother be mach better pawed if they wets other.
wile engaged. Bat, gentlemen, there is another ground as
which I rejoice at this result, natality, became it shows how
mach the tine principles of reform revadithe City of Liu
don. (Chun.) You all know the nature of the late bill
of the government-how much that bill goaded to repeal
and weaken the Reform Act of 1831, aad how sternly it de-
nied to the working claws a privilege which they ought to
rheas. (Cheers.) lam glad to Bad, therefore, that Aces
who promoted and advocated to the kat that measure,
and who if they wage to bass fa any other
reform bill would probably iatrodue or of the same kind,
have no prospect of success in the City of London. (Lieu,
hur.) I mass gay that I think it wee a rather strange pro-
ceeding to ask two gasticanse, who ere no doubt both orna-
ments of the Home of Commas—l do not wish to gay •
sink wort against them—bet who were already Fonda
with sada, nod who having the conadenoe of their mutt-
Monts, did not wish to leave thus arate—it wu, I say, •
strange proceeding to invite them to become candidates for
the honour of rerunning you in gerlisment. I really
never thought that you were reduced to the situation of
having t t ask gentlemen who veto unwilling to do go to do
you the favour of repressatiag you. (Claws end laughter.)
I mad my colleagues always thought it a great honour to re-
meth the City of Lender. We thought it an honour
which ought to be solicited, instead of the cin-
ema of London having to go about trying to filch
eare,,,,,tanen, from other places, and asking them to have
the goodness, to be so coudemead ag as to toms and repaint
the City of London. (Laughter.) Now, gentleman, there
I are very serious matters at issue at the present time. Not
only is there the question of reform, which we hope to on-
derthie to deal with, and not only are them many other
qualm of Internet policy demanding coesideration, hat
some very ominous words Lit from the Berl of Derby oa the
last day that parlinmest sat. Yon ave all aware that there
has for some time been greet difficulty expeeteseed in pre-
serving the peace of Europe. Our getunntent ham towed
themselves., and it is eery oommendeble hi them to do so;
they have exerted themselves to induce the powers which
were arming, and showing great Agee of preparation for
headline@ spinet each other, to agree to an amiable
conference at which some settlement might be strived at
by which wen would be avoided. It now appears,
however, as if hardly • poribility remained of reserving
peace. In speaking at the London Tavern I had mamba to
state what in my opinion we the origin of them difilculties.
Their origin 'mean to me to be this, that the treaty of 1816
having settled what twitches each pewee was to pumas In
Rely, the Empire of Austria has not been satisfied with
that engagement, but has endeavoured to extend ton influ-
ence, and not merely its Influence, but its physical and mili-
tary power, over the who's of Italy ; so that if in any part of
Ma country, fur instance is the Roman States, • man gam
into • coffee-house, he Is pointed out by wag spy, .or
some miestable venal informer se a earned Pa-
ton • the police immediately ale hies; he is oceflawl
in Prison by order of the polies enthogitia ; instead of being
called upon at once to state what he has to soy for bbelelf,
he is kept in risen, wage, via two or three years; at the
end of that time he is brush out, depositions against bba
are read, he does not see the porous who armed him, mad be
is condemned to a dungeon perhaps kg tea years moot.
Orion of Shame.") Well, many of the people of time
dates which are subject to this °prunes do not like Oh
kind of government. (Leather.) They say, "Let an haw
a good admisherallen adjunct*, end let as force our gongs-
meat to give ht to as; lot *a Dais Motion of mooting said

"6"glialid"distelyfriftimthey;" doandatuiths7ilialan P":sl7"Anotrisn." (ssint°Chas7allean"titlitrosnowialimaeldilastbave.
or Valk* to prevent them from securing any improvement
in their goversuniat, and to mints& the oppression which I
have ..Hosed. No woodsy that is Ws may years which
have elapsed from 1816 to 1669 this kind of oppression ha.
brought the people of Italy into a state of irritation. Such
conduct has drives even wise MSS mad—Osser, hear)—and
tasted wonder that the poopla of Italy, who ma very
suitable, elsenld have been &Ism sisnost and by it. (Hear,
Dear.) On the other band, I cannot say that the conduct of
Sardinia, whke has osesplained of this oppression, has boss
perfectly right. She was harcilysetithek whops, to interime
with ihrefensbater. Alithatahekaipropoly aright to say was
"Lie net Ansiriss troops interfere with dis other states's(
Italy." She said sere than that; end I suppose that if limo
great power, bad at in ocskeenor, between the answer-
?sahib", sonseption of Amin4 sad the lend dams& of
. .

Sadist% they ;radii fare farad aciarreaoiable settlement.
(Hear, hear.) Unhappily that matimaste bea not hem
found, sad the two powers which I have apecially Meth
tioaci will, lam afraid, soon be committed to hostages.
Thee* hailltiet won peeicips 'Mead beyond the powers
with whir& they will commence. Is all rebability Yee
Emperor of the French will assist Sardinia ;. pribly wee
states may mist iwaria. All I can say to Uri war will
be • dread mars* lir Sarepe ; bra lab regard to
ouraelma, pratlearea, I should my that one wady coarse
SO keep Ineesily, Early, sad Wady mita. (Lied sad
long-coadauel chain.) I dorm that the Earl et Derby'
said is that speech of hie to which I hare slladed—a speech
delivered at a time when to one could reply to hire, three
being no diving of parlisineat alter that day—that oar pod-
lira moat be cate of mused neettrallty—(heardrear)—mad that

. .
we rang Mira thee me en elide ;Ms the Mpg wee. (Mee
of "No, so.") I me seglithieg SBA the Bari of Dolby add;
it is not ray own opinion NM IMa akin. (Hear, her.)
He rid we should see after a time on whittle ate the right
was, and then take part with one or the other. Now, Wm.
Ornately, It sprite that the Earl of Darby, with has epees
very frequently upon this WON in the House of Lids,
and Mr. Diem% who has "Mom frequently igen
it fa the Hoer of Co,ethaeo bre Ulm a very geoid
view of the ratter. They appear never to have oemithesi
under what offered= the Hakim' lammed, bat they
have at all times shown a very strong Waft .
Austria. (Hear.) Bo that if the Hari of Duty v.=
carry out his plan, I have no doubt that plan would prove to
be to arm in the first instance, end being surd, to take pert
after a time with Austria against Italy. (No, so.) Weß,
now, lam against that policy. (Cheers.) I am for Fe..
serving pear. (Renewed cheers.) I am not of opinion,
though others may differ from me on that point, that our
taking part in the fray would be more likely to end the cab,
=fly of war in Europe, and to restore peace to the world,
thee our carefully abstaining teem say interfusion.
In reeding history I have chorea that when then
have been keg were In Europe they bre gerrally
been kept up by one aide tr other obtaining • great deal of
prey from England. (Hear, hear.) Bosootimes it has
been relied • mbeidy, sometimes • loan—the thing baa been
thee thaw a variety of names ; but in some shops or other
there he. been a giving of money, obtained from London and
idi the other shies and towns of the Ullibla Xlagdoet, in
ram to keep up wee en the Continent; end ft is my belief
Mut 11 to this ere we do not furnish any mak means—lf we
geniality
refire to take either aide—the hostilities will not
Meg, and the per to them will find some means or
ether 4 makboyaaaa (" Her, hem," and others.) Them
Le enother ethilieratios which sheaf Miura us a little.
We are, I hope, gory to amend our representation, end to
conefider several oilier subjects which very much 0, ncern our
future liberty sad hippies's. Are we to give up attending to
all themthings In order to help A.uth is to maintain tir
eptem in Daly t Or, on the other band, arevwe to enter upon
wird' should emir, • Quixotic enterprise, and to lay to
the states of Italy, . We know • pest deal bettor then you
do how your goverment should be ounaltuted, end what
and of system yen ought to have, sad therefore we will
beerhre by fame to impose on you • gemessart..theagh
It is not the sort of government thet you with tr.' lam
spinet interfering either way; I sin far attending to our
own attain, sod not giving up questions of refine or internal
Improvement in order to tender roister, in • contintntal
struggle for which to cry doped upon it. would tith,lr us.
in which tame party or other may be very SOSO, to
obtain our aid, but having had that aid, and
havaig benefited by it, would rend the rest of
their lives in Mooing no se others bar dose before,
under smiler circumstance; ("Hoar, hear," and abeen.)
Now gestlemen, ',should be very berry to male any Teen
proseibee. I cannothold out to you an tepee-Moon that the
Chancellor of the Exchequer will be able to snake any great
redaction in the taxes, became there are very greet demands,
end it may be that our navy sad army require improve-
ments, which will absorb a large sement of public money.
But, at sit events, by keeping oat of wet we shell Main
some chance of • redaction of taxation ; whereof, if we go
to war, or even maintain an expensive system of armed
neutrality, we shall deprive ourselves of every
chance of obtaining that object. There are certainly some
duties which I should be glad to see reduced ;
and I hops they will be Mooed whenever there
may arias • fitting occaaion. I have thus explained my
vanteie;,trlleymo.en, with
very coli%tiLtheithepre;:etLt state of erwitai
you Unthread to me. (Ohms.)
Sir J. Duke, Mr. Crawler, Mr. Edwin James, and Mr.
Ayrten, having successively addressed the meeting,
Tba CIIALIMAN moved the Wirth' reeelution :
. TIM the meetinghave full coofidence in their tried reps.
mutative', Lord John Russell, Biz James tithe, Baron
Itothechild, end Mr. Creeford, End pledge themselves to use,
every exertion to secure their return."
A tenon in the centre of the room intimated a desire te
move an amendment to the effect that the confidence of the
meeting in Lord John Rumen would be inured by his de-
acing himself in favour of the ballot. (Loud criee of " No,
no.") He d d not, however persevere, his wish being evi-
dently (Treed to the general feeting of the meeting.
The resolution, after being roooded, was pat as proposed
from the chair, and unanimously adopted.
Thanks were then accorded to the chairmen, and after
giving tree cheers for Lad John Russell the meeting
separated.

SOUTHWARK.
The warlike news which came to hand from the
Continent on Friday furnished Sir C. Napier with a new end
amigo:U.l topic, which, in addressing the abiders on Satur-
day, he did not tell to make no. of. Me said that it was diffi-
cult t 3 understand what was the ground of quarrel between
Austria and France, except that Austria wanted to keep what
she had, and France wanted to take it from her. There was
very lurks doubt it war brcke out—and there was every pro-
bability that it would—we should be led into It, John Bull
was naturally mineelom and when deities wee going on
liked to have a tags in the pie He expressed regret at the
danger which bang over Sardinia, which was likely to be the
loser whichever party was the victor. lie was in favour of
Italian independence, but much doubted whether
freedom would result from the war which now threatemed.
The hon. and gallant admiral, who attended two meetings
in the mute* of the day, wee questioned at one of them by a
working man as to whether he was favourable to Mr.
Mark iram's bill fir settling dispute@ between masters and
workmen by arbttratiot, and in reply remark, d that Ise
should be glad if any such scheme could be carried out. The
great difficulty was, that the masters end worksorn would
not agree to arbitrate, and it would be the height of tyranny
to take two men who WV* at difference, and, • their
heads together, say you meet egret.
Mr. Locks addressed three meetings hi different parts of
the borough. lie complained of the government having de-
layed the die
till that evening, the result of which
was that prociamationa for the new electors, could not take
place till Mosiday, which would, he essected, bring the no-
mination for Southwark to FtiMy next, and the polling to
Saturday, when he hard to be plead at the head of the
Poll-
Mr. A- Follett. the edam estaildate, whis, it is said, is well
sati,Sed wiits the result of his maven, and who is expected
to command the whole of the diessating interest, which is
very Moms in the borough, did net mend my mating on
Saturday.

We (Herald) have reason to believe that conser-
vative maim" even et this late hear, would hove good
chance of enemas in moat of the metropetiren boroughs.
Many of the electors have abstained from giving Sledge,.
and a much larger number who will not vote for either of the
presses candidates would some forward to ant a corverva-
tha, We Inlet that on the day of Domination true and good
zest will he bated to town the comtitureacior frow the g

A
eat clogradatka.
ApruNo22lll;NuiutATlO,9l,9ThFusaslKED,:—A:ilirmvii7gulimarobsth,
Thhurdwisyy:
Aprll 28; Moryleboce, Thursday, April 28; Portsmouth,
Thorodiey, April 28; Howdisy, Friday, April 29 ; City ol!
Late*, Friday, Apra 29; Worcester, Friday, April 72;
011f0fdabile, Mceday, May 2 ; Baulk (Wroth lleudeT,
)sy 2; Yorkshire (Fast Riding), Wednesday, May 4;
Yorkshire (Noah Biding). Thuredsy, Map I. Yorks' In
(West Balogh &tads:, lig T.

... 2

It6HE D•ILY NEWS.
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LONDON. MONDAY, APRIL 28.

Tits mponee et the public to the Indian Leen et
7,000,000/. is list partial, only 5,077,000 f. having
been tendered for at the price considered acceptable
by the Indian Council. Considering, however, the
circumstancss of the time, and, more especially, the
crisin in foreign politics notified within three or four
hours after the adjudtcation of the loan, the result is

quite as satisfactory as could be expected. For souse
months to come the craving demands of the Indian
Government will be met, and the means will be

afforded for remitting to India the additional
supplies of bullion described in the Go% FANOR-
UE n IRA es despatches u indispensable. W hen the
pecuniary supply now secured shall have been ex-
hausted the Council will of coons appear again in
the market with the unallotted balance of the pn-

sent loan, together with such additional amount as

may have Tete iced the sanction of Parliament. The,
present is rendered secure ; the future mast take

Caro of itself.

Thee* are, however, a few wards to bs said as

regards the improvidence of the coarse now adopted.
. . . .

The party-wall existing between the credit of the
Imperial and that of the Indian Government has
. . .

been at least partially battered down through the
sessile made upon it bons so many quarters. The
distinction is, indeed, one the rational discussion of
which is warily evaded by most persons apprehen-

sive of the future liabilities connected with Indian
finance. The policy of acknowledging the rapes-

• •
sibilay of the Home Government:A policy which
most of our statesmen and public writers at &Ili
insisted must not be even so much u subjected tattle.

cumion—has been not merely momentarily entertained
but broadly endorsed, as bring ultimately almost in-
evitable, by some of oar first Peel iamen tary suthori t ie
including the SLCRETART of STATE for INDIA himself.
Now, an undefined liability of this kind—half ac-
knowledged, half repudiated—is a most uncomforta-
ble thing, es one's individual experience occasionally
proves. We have neither the satisfaction of know-
ing that we are exempt from responsibility, nor that
of *twits; manfully forward and accepting it, with
a view to reducing the risk to a minimum. Sup-
poring the extreme CAN, that the holies Govern-
ment found itself unable to inert its current engage-
ments, including the interest on the English Deben-
ture debt, we all know very well that the Imperial
Government would be compelled to step forward toile
assistance In some shape or other, probably hymens-
teeing a fresh loan. Some people will urge that it
will be time enough to adopt this measure when this
absolute necessity arises. The argument is speckle;
but unsound. If there be a strong prospect of the
course referred to being forced upon us at aby on
means distant date, it would be far more econemdeal
and dignified to adopt it at sacs. The seememiell
part of the question is indeed a vary serious mee.
The British Government could readily raise mosey
at Si per cent. per annum intern?. A ealmslatiem
shows that the Four per Cut. Debentures now issued
yield, at the G,ivcrnmeat reserved pries 0.05 per
cent, a return of 51. 2s. rid. per mat per annum to
the holden, supposing that payment of the principal
is demanded at the end of five years, an the terms
of the contract warrant. The difference between
3j and 51 is I j percent., and this on 5,000,0001. is
equal to nearly 100,0001. In other words, in respect
of this preliminary loan of five millions just raised,
a sum of 100.0001. per annum is absolutely wasted.
But Lord I)Leer has warned as that the total stem
to be raised by loan in Ragland for India daring the
twelve months will very probably be 12,000,0001. It
is rarely found that statesmen or financiers paint
the situation blacker than it really is. The declara-
tion in the Indian 'dykes that the subscriptions to
the loan of 6,000,0001. now open in India are few
and far between, likewise tends to coofirm Lord
Daane's estimate. It is quite safe to assume that if
7,000,0001. more of these debentures be offered in
the English marker, they will not be taken on leas
onerous terms than those lately arranged. The
larger the supply of any article, the lower the price,
It thus becomes morally certain that a sum of
between 200.0001. and 260,000!. per union beyond
that absolutely required will be added to the stand-
isg obligations at the Indian Treasury, solely in
order that the existing most unsatisfactory state of
affairs may be proloeged. Spread over seven years—
the extreme term of the currency of the new deben-
tures—the loss become', at a very moderate computa-
tion, a million and a half sterling. We call this im-
providence.
There is not much fear of the system being per.
petuated, for the experience of a few short years
will work its cure. We venture to prophesy that
when them debentures fall due there will be little
question as to the policy of replacing them by other
securities based upon the Imperial credit. Necessity
is a hard mistrtsi. The difficulties attending a re.
adjustment of the system of taxation in India are
forcibly illustrated in the outcry provoked by the
recent alteration in the tariff. Much time will
inevitably be required before the great questions con-
nected with the proposed fiscal reforms can be defini-
tively settled, and the superior prodootiveeapacity of
a new system brought into full play. Meanwhile, the
expenditure will doubtless continue heavy. Envy-
thing thus points to the probability that fee acme
years lemma Indian financiers will bays a difficult
task. The more need that they should be helped by
every means in our power. Yet a short-sighted ar-
rangement is concluded by which, commencing with
five years hence, another large mass of debentures
become absolutely redo mable. Even the English Go-
'eminent, with its immense resource', was compelled
last year to renew a petty sum of two millions of
Exchequer Bonds which then arrived at maturity.
Now much more difficult will be the position of the

• t