The Express.
London, England, 1860-01-20 00:00:00

Cbe erpreos.

TO COI

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LONDON, FRIDAY, JAN. 20.

THE telegraphic adrces of yesterday's date from
Turin leave some of the appointments in Count
Civoca's Cabinet in doubt. General ?ANTI, it is
said, will certainly be Minister of War, and the
names of Count Musurn, Signor PARINI, and the
Chevalier DitiudlZOLl are spoken of for other im-
portant poets. If we take these nominations simply
as considered probable at Turin, they strikingly
exemplify one trait ot Piedmootese character, which
has bees conspicuous of Into years--that vest and
generous system of hospitality which gives such
greedier to the policy of Argotic) and CAVOUIt, and
has so much contributed to its success, This
Ministry may be celled with more propriety Italian
than Sardinian. General FAXTI is a Tuscan.
Signor Fiefs', now so nobly ruling Parma,
Modena, and the Romagna, and formerly Minister
of Justice under the Ministry el AZEOLIO, is
a Roman exile. Count MARIAM is also a Roman,
and was the last constitutional Minister of the
Pure. So it has been for the last twelve years; so
it oat be, for Piedmont is virtually Daly. Whether
the nominations will stand in the list finally sub-
mitted to the Rtno just es the telegraph transmits
them is of minor cocerquence: the Chbinet will not
be constituted amiss if CA101:1 is at the head of it.
The return of Crain* to the direction of Italian
affairs, amidst the lend applause of all liberal-minded
men throughout Europe, is a remarkable tribute
to high principle and teswerviog consistency.
Count CAVOUIt may now, if he his time, read his
highest eulogy in pages where, lut July, English-
men blushed to read the most ungenerous taunts, the
most unworthy reflections on ti,is resignation, which
to the worshippers ot sumo was equivalent to his
downfall. Hie refusal to 1;014.6111e without honour
was represented by the rflinitue the *Dobai retreat
of a man " unable to osier*, reproaches of those
" whose hopes be had excited, and whose indig-
" nation he ►ad so mash erase to dread." Who has
ever heard of these reproaches or of this indignation ?
Returning to the life of re ereast ry gentlernaus Without
opportunity of rendering the least service to his
country ia • public °opacity, Groat CAN oust woe still
the idol or all Italy. The is the reward of truth
and fidelity, and right worthily bra it bees woo.
All the world agrees that CATOOII is the man for
this crisis. No Wow statesman represents so truly
the tendseciee of Italy to Doom, for no man has dean
so mash to develop it. Taut has been sada mush
more evident sines t►e peace of Villehases than it
was ledlere. The grandest effects of Cavona's
polity were net disclosed until ne had disappeared
frees the new. The unanimous votes of the Ansa
bliss of the Deckles and the Romagna astonished
everybody with the proof that the spirit of the great
Italian italhoesan pervaded the very life of the
nation. Nai he sot, after holding the common
enemy in dusk fee pare, shown the unwonted, and
for Austria the portentous spectacle of an Italian
army taking part is a grand European war, and did
be not afterwards enter the European council-
chamber to speak in the name of Italy
The subjects of the Sardinian monarchy have
reason to welcome (loot:lie return to power as
muck an their own account as ter the sake of their
brethren. Ilia administration is a guarantee of
program end prosperity. l oder him every kind of
enterprise his rrc.srd a natural impales and
sued development. Free schools sad free
churches are opened, commercial monopolies are
abolished, reads and bridges are multiplied,
ag►maltere is improved, and the aavy gains
in extension. (Act"' retains show that in
the five years elided December, 1837, the seedesectial
•aloe of the internal commeree—thee is to say, of
operaticas in merchsodiee purely nautical—increased
67 per out., and that of the external commerce is
the same period 18 per cent. The efforts of Carona
to Moen the intellect of his emote, from the do-
gritting isthmus of the priesthood sapply a theme
foe out of the meat raterestieg chapters of modem

history. In 1848, still
returns, of 3,800 masters,
tics, 230 regular, and '
In the year 1857 the

was 3,017. The total

Is also rapid. In 1868 .
schools; in the following year there were 9,318,
being an tunas, of 496. Ia 1848 there were 4,147
second-class sohoola ; in 1867 there were 8,960. With
inch a territorial battlement of Italy as shall give
guarantee of nationality and independency to Italy,
the progress of the monarchy will be much more.
rapid. Benign to commercial intsroonras will be
broken down, capital will flow in and fertilise re-
sources yet andeveloped,and freedom connected with
material well-being will stimulate moral and intel-
lectual progress.

Tex Dhestore ef the Bank of England, at their
weekly court yesterday, raised the minimum rate of
discount Ikea 21 to 3 per cent. The step was not occa-
sioned by any increase in the demand for money, for
the applications at the Bank yesterday were merely
upon the very moderate scale noticed for the last five
or six days. In the open market also quietude pre-
vailed : for, though the other dealers have promptly
availed themselves of the Bank movement to demand
a similar advance, the terms for the best bills up to
this morning did not exceed 21 per cent. The Bank
measure is dictated almost exclusively by the drain
of bullion. Since the 14th of July last, when
the minimum was lowered from 3 to 2i
per cent., the bullion in the Bank has
declined from 17,941,7911. to 16,224,1291. (ac'
cording to the lest return, subject to a subsequeet
ascertained drain to the extent of a quarter of a
million). The reserve of notes and coin hss also
declined Ice the interval from 10,704,2611. to
8,867,80 W. Yesterday the amount of gold taken out
for the Continent was 79,0001. The drain is believed
to rest mainly with the demand for hellion for India.
Silver foe India not being procurable here mast be
obtained on the Continent and paid for in gold.
Meanwhile the supplies of the latter metal have
fallen of. America has for the present suspended
her rentittaness. With regard to the coming sup-
plies from Australia, we find that the Water Nymph
has been at sea 77 days, with 136,0001.; the Sussex,
76 days, with 71,00 W.; the Donald M.Kay, 71
days, with 148,0001.; and the Commodore Perry, 64
days, with 68,0001. The total is 413,0001., of which
380,0001. may be considered doe in a week or ten
days. Meanwhile, notwithstanding the advance in
the rate of discount, there is *very likelihood of the
daily withdrawal of farther moderate amounts from
the Bank. The question of the probability of an
advance in the value of money to 31 per cent. is eon-
sequently beginning to attract discussion. Aa the
Eastern draughts upon oar bullion reserve have
reached their present proportions chiefly through
the continued absorption of the Indian rupee paper
in this market, it is upon the extent of the future
absorption that the immediate coulee of the money
market will in no small degree depend. That the
English demand for the Indian native loans is active
and of a bona fide character is evident; and
large amounts will probably continue to
be brought over by each mail as long s
the transfer from the one market to the
other can be arranged upon the remunerative terms
lately current. But will not the process be checked P
The Five-end•a.Half per Cent. Loan has doubtless
been closed in India ere now ; one source of supply
is thereby stopped. Of the existing Five per Cent.
Rupee Paper, a very large proportion is pernsaiseetly
fixed in India, in the handset the native eapitslisee
rajahs, and civil and military officers of the crown.
Already, in some instances, it has been found im-
possible to execute in India orders for purchase
transmitted from this country. The Indian markets,
too, have quickly responded to the impulse,
and are rising rapidly—a circumstance which
confirm. the view that their capacity is
narrow, and that the amount of paper pro-
curable in them will in Paten be mach smaller.
Then, es the prices in India rise, the margin of
profit upon exchanges from the Indian to the London
market will be reduced. That the transfer will be
absolutely arrested, is not likely, wandering the
tempting character of the investment. Assuming
that these views are correct, there is some prospect
of a further moderate increase in the value of money
here, but no likelihood of a disturbance sufficiently
great to affect trade.

i WNW, he Ward Usiverelly,
_ ..-Ceerekthe *au& Deese sad Captain
Grey.
The Duchess of LW aWlad bee Majesty at the Car..ln the memos hrMsirear invested the following with
* Is of tbe Most Nes:Order of the Bath :
,Oslinel David Edward Wood, of the Royal Artillery, was
hpeenged, received the honour of theed, sad was in-
-4 eles geese, assined by ha Trews Coasters, Oreat
dlseineef tie Bea, with the Lay* of a Haight Com.
egegi The ihaZega=moeden.
' wee thee faindage& and re-
viled him bar deireiribe Work of deb di
aw pily
Owed the Oder, da. s—Orieed h
DAM ahoy Old
romensitlted*_ 1
_Gadd 11rdiple Lie=st
einem Alia Beglesed. Ihret-Oelaiel Wills Al Ord
m 01:,fir IdeelodeleeJehe d
Llies d Ilidirer. Nit Retril
gunnel Alein Thewas Ileele,
rill Dr. eeeio Well; es Imes ;
at Dr. Joh. Firer;
ISeramc De
1.,. Pods* Almada loth Eel=
hits= ; Ihnhilit=l; Wylie Rar-
itan,* Isisedey.
Ms Owe sad Prince Cowen woe Weeded by Viscount
Tealegive. Lord le Walesa ; Urea.-Odoesi F. Cavendish,
=iih Weida( ; Colonel F. H. &gayer sad 14eut.-
PassebyEquerries la Waft.
We. AIM W. Woods (Lewes* Husain), Regieher and
I =
10eadleadel th tem
wee servede in vest:l
la the verimer. Oek-terei Revlon' lo the

Lord Harris had ow isiliTillW with ths Dohs of Newer &
yesterday, et the Colonial-office.

- - ----
...ft.you ---
Daspoidro lola dr dornoor of Malta was meshed
nday at ob. Colonial

PErvy Couxerr.—Her Majesty will hold a Privy
Connell on **day aftanuma at Buckingham Palace.
His Royal Highness the Priam of Wales,
secompazdad by Captain GI ergs Henry Grey, scurry la
waithsg to Ids Royal Highness, arrived at Oxford from
Windsor yesterday (Thursday) evening by tits 6.60 train,
and inoculated at ones to Frewas-Itall, the Royal residues..
Majsr•Gememel and Mrs. Braes arrived at Oxford the same
awning ken loadea. His Royal Highness, it le understood,
will risk the Lewd Bishop of Oxford, at Caddeedon rases,
ea fleiarday ant.

Yesterday, at 2 p.m. (writes the Naples oorre-
spooked of the Petrie on the 13th Prince Alfnef of
Enema! arrived here on board the Euryalus frigate, Nadu
Takeout. Sts royal highness has visited the principal ports
of Sicily, end stayed at Palermo several days. Immediately
on anterior this port the frigate displayed the flag of the
Two SWUNG, sad saluted with twenty-one pun, which wee
responded to by the forte. The Prince of Aquila, greed
admiral of the Neapolitan navy, then mat as beard
the Euryalne to wait on Prince Alfred `the some of We
Majesty, and to invite him to make the royal palms bb home
during his stay at Naples. The young Wain impressed his
repot at not being able to &seep the ohm monies himself
that he wag voyaging kw instmetion In his proeseefea, sad
seder the strictest utoOpi/16 To-day. at I p.m., Mr. Elliot,
the English minister, end M. Conk the Neapolitan minister
he foreign affairs, amompenied Prince Alfred to the palms,
where he was received by the King and Qum. AU the
pima of the royal family were blonde* prevent. His royal
*lmam will bower the Sea Carlos Theatre with his pro-
mos this evening. Orders have beset isven to the director
it Pompeii to make 111111ffirekiN wader Priam Alfred's
ye. end say cerbeities dimmed will be camel for kb
weepennee.

His Excellency the Ambassador of France and
tie Coats do Psnigny .Mired at Albart.isto Hons.
pmeirday, from Windsor Canis.
_ _

The Duke and Decamps of Montrose hays left
lowa be Beightos.

The Marquis of Exeter and lady Mary Cecil
tsTIM in Groevenor-settare yeakrd►y. from Windsor
Crib, aad keys elate left for Burghley Hall, near Stam-
ford.

The Marquis Conyugham and Lady Cecilia
Oceysighese have arrived to town from the Continent.
The Earl and Coltrane Spencer left Althorp
Park yesterday, tar Burghley, seer Stamford, to pees a I.w
days with the Marquis and Marchioness of Exeter.
Lord Redeedale will arrive in town on Monday
next from his °many seat for the umetilog of parliament.
The noble and hospitable Earl of Chesterfield has,
says the Derby end Chseterfield Reporter, entertalard a large
and distinguished employ of inners at Bretby Hollander
tie pent fortnight. Antes' thou who bare hmeriered the
edge earl with Mee promos we may record ths ammo of
their Sins. Highness., the Preps and Primer of Ease
Wainer, the Right Hon. the Earl of Derby, K.G., the
Gent and Conatme De Flahauls end Miss Righlastans De
Flahaaly the Earl of Wilton and Lady Cathodal, Sprees,
Lord Chides, Lord Osmarry, the Mama of Bath, Sir
Hoary sad Leidy Sophia Des Vain, Mon. Mr. Templer
Hon. Mr. Leslie, Celina Piney, Coked Forrester, His
Anna, Mr. Hayward, sad Mr. Hugo Meyneil Ingram.
Mast of thee distinguithed ..Mamas and gentlemen have
eidoyed excellent shooting epos the estate, and the field
sports were appropriately dinned IS Thursday led in a
gross inset of Mr. Martell legreas's hounds, at the ball.
The airele of English visitors at Rome has been
emend by the arrivals of the Dowager Lady Lorre, Hon.
Olivia Einaalrd, Hoe. Edward Browslow, and the Hon.
Coked Harbert, who has jet had es egeorannity of meads-
lug the state of efficiency of the Reatagnese army, daring Ms
wantons through Central Italy, on his way to Rome.
Lady Godes Cumming has alai arrived, sad the Andrea
Countessd'Appostyi._

Oa WedniedaY his Excellency the Earl of Carlisle
had his drat levee for the season at Dahlia Castle.
Late on Monday eveoiog last (says • Wexford
paper), filr F. Hughes' shooting pat—end f• wild fowl
ehooden—was capsized bottom upward, la a squall, whilst
areseiag Call Chaim!, and bat for the watcafelases of the
manse guard stationed at Basilan Fort, who witnessed
the einidenr, sad re•dred hasediete erietraios, lose of lids
nude have 'Wowed. An ft le, a valuable pleat of property
wee lost—a flue iaaehfo• gait now lies at tto bottom of
this deep channel, tram which, we paeans, the bar•solm do
not desire its eabamatla•.

Sir Fitzroy Kelly, M.P., hes addressed • letter to
Lord Bengtson, on a proposal Bill for the Prevention of
Brlnty and the amendment of the Carron Pastime Ask
1864. If all payments at elections—he argere—eseld be
male Aran* aue respeotable poem, than would bs aa end
tidesemptitm Let sash • pines be appointed by Misjudges
itoet among the Writers, sad ibis polat is plaid. Tbea
let every euetildate sad every sleeted umber swear that be
leas wee paid, NA sever will pay, sad lees awes au-
thudded, sod new mill animism dined, or leelreedy,
the payment of any money noes to tbe desks
auditor. If any perms pays any money for Um purposes of
thsi fi•Oli011 emoept ninth the ele•Men auditor bo is to bs
puninabte as In the ens of perjusy—lbst is, by peal servi-
tude ; be bald diegnalsded for say ells ceder the aroma, sr
for being • member or sleds, of parlisinsat. Tits assets to
whom the auditor disbarese hie money an to account to him
oe oath, end will therefore, of eosin seemant Italy. Such
le Sir Fitsrey Kelly's plea.

" Whispers of the contents of that Cornhill Maga-
si)st, No. 2," says the Palmieri avoids', " have reached
114. We my name, se mom other articles, a pleads,
hey paper, by Ms. Titmice:ray, entitled 'Nil aW B•mum,'
beings tribute to Ur sewn of Macaulay and Waabington
Irvin; ' Invasion Defames: by Jacob Coulum, of the
Tiemo (we believe Mr. Higgins, M.P.) ; Mimeo;
the proolod poem by thei Poi Laureate; ' Unspoken Dia-
logue, by Mr. Ilmektea Miler ; and 'Carlow If True'
(we preeeme s We), by Mrs. Cleekell."

_ .
A Paris letter is the: Nora says :—" Oa Sunday
svealse lest, at the Teflerles, the Esperor, we are anand,
replied is follows to oriels observers:a whin bad bra
weds The marasteetaree which :art moldy brews they
an peopeted hen be.. aware of my tateatless f r Eve years
par, sad they line hed plenty of tire to prepare for the
neap. The inter of prohibition has bad its day, sod I
ben set the power to rare the deed. "
_ _

Te. sae at Lard SeyWatiedWitlea wu 001:1tiOned
• WWllllOlly, sad o.6l4sted of porn, alisnier, obasup•isa,
sad Reba wises. Tao tut redid loon W. to 12fr. the
144104 f n b 041166 of Jaarssirtsarp bloging the Mohan price
lorted. Tte aboaporm was sold it tram 4f,. to 6fr. 60c.
Ns Wide; *a port has Mr. 60.. I. Ilk.; sad Leo Asir,
Ism its. 60e. N *r.
In addition to " Births, marriage'', and distills!'
the Liverpool Ifereary sow odds tM " dirartsr."

We read in the Manchester Bxesiesiwr of to-day :
" We have reason to believe that a treaty of com-
merce between France and England, carrying out
that portion of the Emperor's letter whiok is of
most importance to us, was signed yesterday, oe
will be signed today. As we have already stated,
the preliminaries were fully agreed upon before the
pablioation of the imperial manifesto addressed to
M. Fonld, though it is possible that still further
negotiations will be required to arrange the precise
details of the alterations on either side. It is
agreeable *loam that the new commercial policy
has been hailed with immense satisfaction in France,
and that it is universally accepted in England as a
guarantee of peaceful relations with that country."
The Paris correspondent of the Brussels /napes-
dance alleges that a commercial treaty is about to
be signed between England and France, and that
the following sce;the leading provisions:—The Im-
perial government undertakes to admit without dis-
tinction all English products, either raw produce or
already manufactured, at a proportionate duty in no
ease to exceed 30 per cent. All French prodocts,
also without distinction, will enter England freely;
wines and brandies alone to pay duty, the duty net
to exceed that levied en English Colonial wines. It
will be stipulated that if a new law reduoss the duties
on the colonial wines of England, French wines
will receive a similar favour. The treaty, it is said,
will come into operation in England immediately
that the signatures are exchanged ; bat the Imperial
government is allowed, on account of engagements
entered into, to delay the execution of the treaty until
July, 1861. The Senate hes given the Emperor the
absolute right to modify the tariffs.

The independence adds that " a princely dinner
has been given to Sir Richard Cobden, at the Palais
Royal, whence, it is known, an energetic support
has bees obtained for the future treaty of commerce,
and at this dinner toasts, it is said, were given to
free trade.*

•
PIE : PRESS, FRIRAy EYE 14 s .., JANTIAIY
"...„" ..
ill according to stadia official to ' ‘
niters, 2.ooG4‘ilxisali "'tag .. WI tarn 1.- LA 4 : ArrELLIGEffiroE.
.-
.., i it...—......--
and 1,569 ilnodar teach", °manse *de ay, • — Dada
,s
the number ekr . Mady(WeAlin .i.• . ..
sigh', rz COICEIRCIAL TREATY BETWEEN
increase of means of instruction erseeer sag mignirtj4wie. iii 4; Barry Jones, ENGLAND AND FRANCE.
1868 there were 8,823 public 0" Mai=asni WYlde;
VW 'Males left Willow Itc Ward Usiresity, We road in the Manchester Bsantiner of to-da,
owing year there were 9,318,
496. Is 184/1 th•rc worm A IAI ri— hr 344"1"4.1h. *ea. Drage end Cousin . wr.....____ .. .. . . _