The Express.
London, England, 1866-02-19 00:00:00

THE EXPRESS, MONDAY EVENI

are quite oompatible with its record'
poliosmen be told that when wearing the
of private persons they must restrict theruselvsi to
acts which private persons may justifiably perform,
and that they must not attempt toil:Lesbian official
authority unless they bear the external insignia
which are worn for the special purpose of an-
nouncing their official character.

ottr '

I.IBDI AID MAIM&

OUR CONTEMPORARIES.
(THIS DAY.)

While the Bank of Fiume, the Daily News posnte out,
have been aide to lower their rate of diecount from 5 to 4}
per cent, to the merman advantage of French commerce I
and the corresponding prejulies of oar own traders, we are
still maintaining the exceptional rate of 8. Such profits,
teo, as the Erma traders are making they seem Inclined
is retain at home, rather than sand them for employmenthere
with a lucrative margin of 3to 3g percent. The monster y sys-
tern prevailing abroad works easily compared with our more
cumbrous plan. A vet/ lame increase or decrease of !
bullion may take place in any one pertiou' item in I
Frame without exciting those feelings of exaggeratell
alarm or coegratalation which see so often witnessed hare.
Over legislation I. avoided abroad, and the policy adopted
is the wise one of &nag with the utmost libe-
rality to the trading body gener.lly, without &Tore's(
endue facilities for over-speculation ; and there can be no
doubt that for merry years past the management of the
Bank of France has been attended with signal swam
With respect to the Bank of England, neither peaise sae
blame eau be accorded. Where no discretionary power
exists there can be lathing more than the most infinit-
mime! responsibility. It is in this particular that our
monetary system le constantly breaks down. Sir Robert
Peel's act of 1844 tried to regulate finance by a kind of self-
acting emehieery, which might serve well enough in quiet
those. beet would Infallibly give way when any real pressure
arose Three years after the purling of the sot it was im-
pended ; ten yeses later it was suspended &pia ; end
should a crisis bermes mixt year, it will doubtless, aceenl-
ing to precedent, be responded a third time. Apart from
the experience of 1847 sod 1857, proofs are being every day
furnished that the legis'at ore of 20 years ago devised a sys,
tem, which, sewed *sough as it might be thee, is
manifestly inadequate to the waste of the present day.
All our commercial panics have arisen from the knowledge
that when once the Bank reserve Is exhausted mosey wig
not be obtairrable on any terms, and universal ruin must
arras If it were sedsotood that the r►te of disormat hexing
passed a mettle paint the directors of the Bank had a dis-
cretionary power of issue, subject perhaps to the veto of the
government, a panic would become a thing of the past.
It is precisely a power of this sort that has saved Francs
from the commercial disasters that have happened in this
scantry. To the remark of the advocates of the present
system, that if the least relaxation is allowed the currency
is at mos depreciated, the fa:t that a Bank of Frame note
is so more depreciated than one of the Bank of England is
conclusive. The almost Invadable mum of the deprecia-
tion of paper carreney iv an over-Nine by a government for
its own neoesaities, and agaiest contingency we have at
all events little need to yard.

ACTION IN !INLAND.

Reviewing the statements on the part of the go-
vernment in Saturday's debate, the Tosses observes that
though we am not made acquainted with the grounds as
which the authorities in Ireland declare that melees the
writ in suspended they cannot answer for the pines of the
island, they ok viy left parliament no alternative bat to
wade to the request. Mr. fright's speech, eloquent ea it
wee, wee extremely inappropriate. Of the speeches of the
Irish 'newborn, the most remarkable was that of Sir John
Gray, who boldly stated, from knowledge of the caw ao-
gaited in legal promedinp between himself and the Fenian
leaders, that the objects of !the conspiracy were twofold—
life sad property. Mr. Gladstone's speech was of rather
inoneveaient length, full of his oharaeteriortie merits and de•
feats. As to other parte of the debate, it wee to mistake
the issue, to dwell upon the ill-usage of Trotted The
oonntry is simply disturbed by foreign geld and foreign
emissaries, whose object is, not to correct real or alleged
grievances, of which they know nothing, bat to subsea k
the government, to plunder the property. and te destroy
the lives of those very peewee with whose grievances
several of the speakers insisted upon conga/ 01g the'
Ganes to be identified.

In a second article the Times demeibee the developer's%
of the Fenian organisation in America, when the vastness
and aarlactity of the design provost alike eonsealnieut sod
excuse. Having received semen! Goyim of the /riot
People, which I. now published at New York, the Times
takes from it a sketch of the objects of the Pagans.
What le designed, they tell us, is a republie on
the modal of the Jewish Theocraey, to be founded
by a very similar proem. The existing landowners
befog entirely ousted, and the whole soil of Ireland
resumed by the Etats, it ie to be equa►ly divided between
the cowmen sod such as they may choose to remain as
fellow-chimes. The entire Irish population is to rise en
the fiat news of the Peskin landing. In an hour it will be
muter of the soiL Upon its success the working popula-
tion of England sad Scotland masa but follow the ex-
ample. Woe to the eridooniey, who are described in some
of Byron's bitterest language. The happy contagion will
spread. Everywhere the nations and acs will recover that
conetitetlonal independence and persons' liberty which
the writers maintain, are only parable in communities of
pore unmixed blood. Oen it be for the intermit of the
United States to al'ow an organisation like this to pene-
trate and to underlie the whole Upton I The weapon moat
recoil on the authors and &levees. To no it can do no
fatal mischief, a l...tever panto and trouble it may lnflict
for a time.

The Doily News remarks that the half-dosen Irish
members who went into the lobby nosiest the bill, foamed
rather an apparent than a real exception to the else un-
broken ceneord in sustain to a come which, as Mr.
Bright said, ia dictated by mercy as well as necessity.
Their conduct was probably intended as a protest—illogical
enough; bat sot unintelligible—easiest the system of
(overshoot of which the bill is at once a result and a part,
and not as a denial of the necessity of the measure. That
the government will exercise as forbearingly as Neale,
the extraordiaary powers entrusted to it, so are a•
doubt. The ens4earice from America, who swarm hi
Ireland, and whom the authorities!, as Sir George Grey
asserts, hear to be conspirators, though they cannot prove
theta to be so, will of course be shown to have committed
before they are punished for the amens imputed to them.
They will be arrested, we trust, only es • meteors of
premationary detention until the inquiries which will
establish their presumptive guilt or innocence can be
Instituted and brought to • conclusion. The right of
dataicl•g them till September without bail or mainprise,
which is conferred by the second clause of the act,
will be exercised, it is hoped, in few OWN or in
sons at all. But the suspension of law, though it be a
measure of social and political neoessity, cannot bat be
fraught with morel danger, for it will i•erew disaffection
sad disoontent among the dissatisfied but not positively dis-
loyal classes whom it protects. If the tone aid temper of
all the speakers in the debate of Saturday had resembled
that of Mr. Bright, this evil, ieseperable frost the
course which the government has had sn option
bet to take, would have been sensibly diminished.
The only mischievous oonsequences of Mr. Bright's speech
wee that it provoked the speeches of Mr. Roebuck
and Mr. Borman, dealing is charges which uncon-
sciously reveal a pelts; end ignoble order of mind and
character, but which sot even the political insignificance to
which Mt. Roebuck has reduced himself can make com-
pletely innocuous. It is to be temted that the Irish people
will believe that the sentiments of the English liberal
party are not expressed by renegades from it, and that they
will seek for indications of its real feeling end aims in such
speeches as those delivered by Mr. Bright sad Mr. Mill on
Saturday, and Mr. Gladstone in the dissuasion on the ad-
dress.

Taking a purely master-of-fast and business-111e view
of the subject, the Tina is struck with the immense waste
of human life represented by the supper the other night to
200 of the homeless boys of London. They rre sot failure.,
for they have never had • chance. They have bees tossed
loose as the world to be killed off before their time,
and this in a country in which the human miker:e° is be-
coming more valuable *vet, day. Sorely, as a mere
isococentrol speculation. it would be worth some one's while
to get hold of come of these boys to convert them into
useful mate k% In the opinion ci the Times it i* both the
duty and the interest of the State not only to invite them
but to take forcible pp -session of them, ohtsieing as it
would special advantages from training them, for example,
for the public ssrv:ce as soldiers and milers.
The Daily New hopes that the answer of the Home Sear
tery this evening t Col. Patten will set at rest ell doubte set
to the intentions of the government with respect to the
proposed changes in the Irish university system. • The
charter of the Leiden University was the model which
was I. be imitated in Ireland, and the Irish Roman catbolice
were to have precisely the same privilege*, neither mom
ace lac, as the Roman catholic* in Boglasd. If, therefore,
the government have pledged themselves to more than
this, they have pledged themselves to more than they
ought. They publicly promised to go so far, and they
cannot go farther without violating their promises solemnly
made in the face of the country. Is it to exelude such
books as Palsy's " floral Philosophy," with other works
condemned by the Pope, from the curriculum, not or 'y
of the Oalkolie University but of the Queen's Colleges,
that the Roman catholic hierarchy demand aJmission for
their nominees to the Senate of the Qceee's Usiversity ?
If this be soy no effort should be spar I to prevent so
disastrous a consummation.

The Telegraph accuses the Timer, apropos of the forth.
cumin budget, of playing the prophet and the teacher
with sauteing recklessness and ignorance, and asserts that
in setting down the year's revenue at more than 68,0( ),0001.
it has overshot the real mark by more than 1,000,C301.,
while its prediotle at as to the probabilities of the surplus
are equally at variance with fact, cad, from the expecta-
tions they will encourage, ire c:!colated to do great pron.
tiorl misibief.

The Star rays there are chars ‘teii-tice of the House of
Commons which bewilder the most observant of foreign
politicians, and would find it difficult to explain, for
example, that, despite the cheers with which he is greeted,
there is hardly amen is the house who cares a straw for Mr.
Lowe or his opinion or would endure a day of h s political
leadership. Of late years some two or three cynical and
paeado-liborels, failing to awake' much admiration =their
own aide of the house, have merely found an easy way of
creating a sensation by telklig to yism from whig benches.
The Ooryphsous of th's elms is Mr. Lowe. The reputation
the practice beings is like the cheers it awakens—no'vy,
offensive, soon silenced, quickly forgotten.

The Post remarks that it is not by arrests alone that this
memos will be productive of good. The fear of being
consigned to prison on grounds of the merest suspicion will
have the effect of deterring the members of the Fenian
Brotherhood from continuing to prosecute their schemes,
and the urns end will be secured if they desist from their
present pursuits as if Mary were ensined to gaol.
To the Herald Saturday's debate was only remarkable
tee the panic fear exbibi'ed in the disclosures made by
Sir George Grey, by the absolute failure in the hones of
Mr. Mill, and for the bad taste with which an Irish
member, not very long sine imprisoned for tree-
enable practices himself, charged his deluded fellow.
countrymen with the most barbarous and un-Chris-
tin intentions in the neat of their same*.
With regard to the pr,soners, it cannot be doubted that an
appeal will be made on their behalf to the lend of their
adoption for protection, which—no positive guilt being
brought home to them—is sure to be favourably responded
to by a government who« tenure of power mainly depends
r non the votes of the Irish populaeoe. If their release is
granted, England will render herself 'le/keine in the eyes
of the world. Ooe thing, however, Is cm lain, vie., that
without war with America and consequent invasion no
serious &sager is to be antinpated from Fenianisus.
Whether the measures now adopted by government t
avoid so deplorable a contingency may not produce a con-
trary result remsins to be seen, but should such unhappily
be the ease the whirs alone will b 3 chargeable with the
greatest misfortune that ever yet betel the British nation.
The Adeeetieer bens the Amnions will not regard the
tore journals es the exponents of the national sentiment in
this country. They mienpreeent public opinion here just
as they badness the people and institution of the United
litotes of America. Public opinion is Great Britain is
decidedly in favour of Americo, —a fact which no one can
doubt who carefully reads those jouroals which are the
accredited organs of the national sentiment on all the great
question of the day. The government of Washinesso.
therefore, ought not to retiliate on the people alGreat
Britain by conniving at Fenianism in 2 modes. merely
because a few tory journals indulge from day to day in
wane and violent tirades aphid the Amnions and their
institutioes.

The Telegraph ands it ameoling to embed the dream-
Maness ender which the Habeas Corpus Act is now am.
podia in Ireland with those which ern rounded our fathers
is 1798, in 1803, and in 1848, bet thoogh the spirit of /Log-
land towards Ireland is is the male kindly and just, there
are still wrongs to repair. The Irish establishment, the
defective tenant right, aid the mutual enmity between the
two rival religions are problems with which it remains for
her Majesty's govertuneet to grapple. That the miserable
American meats, of whom some scores have within the bat

two days been arrested, will be swept away se alraff before
the wind. admits of no doubt. But Wiled the prickles of
this &merits° bubble lie the general diesatisfao.ion, the
setegosism of claws, t►e absenteeism of landlords, and
He solution of other grievasese, which will tar to the

utmost the stateemassidit net oily of the administration,
bat shoo of the two estate. of the realm in parliament 1111.
senebled.

The Samosa oily bops that Mr. Gladoione's elaborate
inolideadon of the gormement by Mr. Dorraah's staodard
was lean bulkier, of the real feellsg of the cabinet than
his intimation that 'ban the majerty of British supremacy
moo Abdisated the seeipaitetle id Inhofe geki skald be

r
ocadered. He plaaded—mad Yr. BOW bad anticipated • rot kaurte
bbireggelleing—the degrees* taftmatoo of administrative 1
--"
lautilte, bat we Way gm* hope that the Howe of Om- .. ---
OSBORNE. Foot. V.
mai *V now poroolye that the perpetually reeturiog , The Queen drove out with Princess Louis* ye*.
,V n of Ireland is at Past ea deserting of ,earnest way morning, sad walked is the grounds in the after-
• °naturalise ea the temporary meowed a cattle noes.
Bad they ever dealt with it es earnestly as they , YU. IL
bare with the rinderpeat, Ireland would long ago have been ! The Queen went out yesterday morning with Primers
patented, happy, and loyal. I Helena, attended by the Doable, of Roxbargbe, and in the
1 afternoon with Princess Lanes, attended by the Hon.
Caroline Cavendish.
Earl Granville arrived. sad bad the honour of dining
with her Majesty and the royal family.

The Duchess of Cambridge visited the Prince end Princes
of Wales at Marlborough•hnuae on Saturday.
The Prince and Primess of Wales, with the Musks' GI
illoelesfleld end Major Teesdale in wafting, attended divine
minims at the Chapel Royal, St. James'skeeterday„
The Communion 3411,10 e was read by the] Re•.; Albert
Sitwell and theßer. John Autrobes.
Anthem, " Hide cot thou thy fens" (Farrant).
Mr. GM presided as the organ,
The Sermon was preached by the Lord Archbishop of
Armagh from Isaiah, oh. 58. vv. 6,7, 8.

The Judicial Committee of the Privy Conicil mat an
Saturday. Present—the Lord Jetties, Knight Bruce and
Turner, Sir E. V. Williame, Sir J. °Arils, and Sir Lee-
rs:me Peel.
Despatches wore received on,latarday at the Colonial
office from the Goveraore of the Australian colonies, Cer
lon, Hong Kong, Lsbuan. lialtajand °Smits?. Despatches
WON Mit to the GOTOISOCII of the North American Pre•
views and Bermuda.

Ws are authorised to state that the Queen
on Tuesday, the 27th Inst., bold a Oonrt at Buahiogbam•
palace, at which her Majesty will receive the Oates Diplo-
matique, the members of her Majesty's °shiest, and other
°Sail persons, with their families, to whom notideationa of
her Majesty's gracious tabulation will Pm mat by the Lord
Chamberlain.

THE PARIS EXHIBITION.