The Express.
London, England, 1860-04-14 00:00:00

the reign of Faartus 11.

not certain. British vessels

of Palermo on the 15th,
residents, as if all danger

over.

Timm is Meninx,

. _
Neapolitan accounts say nothing, but where, so-
cording to reports received through Turin, a
lennidable resistance has been made to the Kixo's
troops. A French steamer which arrived yes-
terday at Marseilles brings several persons
who were in the hot fire of the insurrection
on the Bth, the report of which was heard from
the ship during the whole night. For anything we
really know the conflict may be going on now. It
is probable, however, that even if the people are still
in arms the moment favourable for their cause
has pealed. Reinforcements have been sent to
even commercial vessels have been forced
into the transport service, and the army in the
ialand is being raised, it is said, to a strength of
30,000. The prompt suppression of the insur-
rection would not be surprising. How to defend
themselves, their power, and their spoils, is
the one art which the Borasoss, despiaiqg
all those which belong to the duties of
rulers, have studied. Justice may be trampled
under foot, law become a byword, misery and
ignorance increase, but the army is well cared for,
and the police still better. A Government which
maintains an incessant war with all civilising ideas
eagerly appropriates the last improvement in steam
or electricity to perfect its means of intelligence
and its power of centralising action, and thus on
the first information of the slightest attempt at
insurrection in any part whatever of the kingdom,
troops and artillery can be embarked on board
the numerous war steamers, and transported in a
few hours to their destination.

We cannot blame, and still leas may we presume
to pity, those who have nobly sacrificed their
lives in the attempt to throw off the yoke of
a Government which seems permitted to exist for
no other purpose than to mock the intelligence and
abate the @elf-complacency of an age too much in-
clined to boast of its superior civilisation. The
world has seen many bad Governments, but never
one which so cynically outraged religion, civili-
sation, humanity, and even decency, as that of
Naples. Whoever extinguishes the present
system, once and for ever, will deserve well
of GOD and man. But we shall deeply regret
if we are called to witness a series of isolated
attempts taken in hand under conditions which
afford no fair promise of success, if they do not
actually ensure their failure. We fear that some
among the intelligent and high-spirited people of
Sicily have permitted themselves to be influenced
by false eatimates of the opinion entertained of
them by liberals in other countries. In the ad-
dress of • number of inhabitants of the Two
Sicilies which we published this day week we
find this passage—" The question will be asked,
" Why is it that at the time when the
" rest of Italy is more or less agitated,
" the Two Sicilia@ alone remain tranquil?"
We assure them that no one who cares enough
about them to inquire into their situation will mis-
interpret the prudence which bids them wait until
a favourable moment for breaking their chains. '
That moment will come. The madness of their
KrNO combines with the whole course of Italian
events to promise its speedy arrival. In the 11
meantime let them be of good heart, patient,
cautious, united, and above all let them not stretch
out • hand to foreign "liberators."

Ar a moment when the foreign exchanges are
rising, and when a drain of gold outwards is ren-
dered more improbable than ever, the re-
markable changes shown in the Built return
which we give in our City article will be
regarded with calmness, notwithstanding the evi-
dence presented of • further serious draught
upon the resources of the Beak of England. We
have alluded repeatedly to the detriment which
is sustained by the commercial interests of the
country through the unsettled and unsatisfactory
state of the relations between the Bank of England
and the other dealer. in money. The dislo-
cation of the discount market has been plain
to every observer. The channels through which
money ordinarily fiows are partially choked up.
The discount houses, finding the market very un-
settled, and the future uncertain, and being abso-
lutely excluded from the Bank, no matter how
good may be the securities which they possess,
have for some time past, in self-defence, restricted
accommodation to all but their regular customers,
and have, in fact, turned away business by asking
terms above those of the Bank. Their determina-
tion to keep large reserves is to be commended
The diversion of an unusually heavy amount of
business to the Bank of England has been
attended with the results which were foreseen—
namely, a rapid increase in the private securities,
• heavy draught upon the Bank's reserve, and a
rise in tthe value of money to a point which
provokes general surprise. The money-dealers
accuse the Bank of ►ttempting to ride over them
—of attempting to establish a monopoly in the
money market—and they point, with sufficient
reason, to the disturbance which has arisen, and to
the large drain upon the Bank's means, as proof of
the mischief which must arise if the exclusive'
policy lately inaugurated by that establishment be
persevered in. The discount houses have now gone
further. They declare that they see no reason why
they should continue to place their own large ba-
lances at the virtual disposal of the Bank of Eng-
land as " other " deposits. It is understood that
the leading firms have accordingly withdrawn the
bulk of their funds from the Bank. A portion
they appear to have lent in the Stock Exchange on
government securities, and now that that market is
fully supplied they have collected the rest of their
immediate reserves in the shape of Bank notes, and
so hold them. This is the main cause of the re-
markable changes in last night's Bank return. We
see that, although the " public" deposits have de-
creased to the extent of 3,818,2971., through the
payment of the dividends, the amount relodged in
the same department as " other" deposits is only
804,3691. Consequently, although the repayment
to the Bank of the quarterly advances has caused
the "other" securities to run off to the extent of
1,430,3761., the decrease in the reserve is no lees
than 1,868,1601. The total reserve (notes and coin)
is now reduced to little more than five millions and
a half. The increase of 921,6691. in the appa-
rently active circulation, following an increase
of 871,2321. in the previous return, throws
additional light upon the situation. It is
perfectly clear that, although a large amount of
currency has been withdrawn, it has not passed
into active circulation, but is held in reserve by
the money dealers, who refuse to give the Bank
any longer the control of their resources, for ass,
as it may be said, against themselves. We are not
discussing which party is right and which wrong in
this important matter ; we are simply describing
what we believe to be the real position of the money
market. The question which immediately concerns
the commercial public is—what is all this to end
in I Through the antagonism of rival monetary

ty and disturbance Are
are compelled to pay
of those warranted
and of the foreign ex-
money-dealers prams themselves
perfectly willing to ►ct in harmony with the Bank
of England, but they demand that good bills shall
not be tabooed by that establishment merely because
they are presented by them. They ask the Bank to
consent, under proper conditions, to take from them
approved bills having thirty or forty days to
ran, and they profess themselves prepared to dis-
ease in a dispassionate spirit any arrangement, with
regard to their keeping a current account with the
Bank, which the directors of that establishment, in
the interest of their proprietary, may consider it
their duty to suggest As the present con-
dition of the money market is manifestly strained
end artificial, and as the announcement of an ar-
sangemnent between the rival parties would be the
dpol for the release of, perhaps, a couple of mil-
lions of money, which the holders now decline to
part with, the public cannot be supposed to regard
the matter without deep interest. What they
would be most disposed to regret would be the
importation into the discussion of any feelings of
bitterness on either side which might contribute to
prolong the present injurious state of tension.

trtu Court.

AV. I?'

ROYAL PAVILION,

CAMP,
Anal. It

Yesterday afternoon, at 4 o'clock, her Majesty
left the Pavilion on horseback, accompanied by the Prince
Consort and Princess Alice and Prince Alfred, and inspected
the different brigades quartered in the camp on their re-
spective parades.

Princess Leiningen and Prince Arthur followed in en
open carries and four.
The royal suite consisted of Lady Churchill, the Hos.
Flora Maodonakl, the Equerries in Waiting, Major-Graseral
the Hon. C. Grey, Major Elphinutone, R.E., and Major
Cowell, R.E.

The Queen returned to the Pavilion at half-put 6 o'clock.'
la the evening in addition to the royal party, the fol-
lowing had the berm of being invited to dinner, am
Knotty', MajerGensial Punter, Dep.-Adj.-
General ; Ccl. the Hon. A. Gordco, De -Quartermaster-
General ; Colonel G. W. Franklyn, 2nd battalloal7th Re-
giment ; Colonel Chapman, R.E. ; Colonel J. 8. Wood, M-
I sistant-Adjutant-General; Colonel PhEpotta, B.A. ;
Laaß-
Colonel the Hon. H. Clint, Arefoloat
General; Lieut. -Coloosll3nlivan, fith Lamers= -Tolailwonel
A. F. Jenner, 2nd battalion llth Iteghnont ; Lieut.-Colonel
A. Chapman, bid battalion 18th Regiment ; Lieut.-Colonel
R. Warlisl. ld hstialion 19th Regiment ; Lieut.-Cob:o'lE.
W. D. C. 8., Rad bathilies Fmidiers ; Major A.
I H. Tatnah, Lanark Militia; Major Elphinstone, R.E.,
and Major Cowell, R. E.
The band of the first battalion of the Rifle Brigade played
during dinner.
Hex Majesty received, late at night, the melancholy intel-
l*ence of the death of his Serene Higbee's Prince lioken.
lobe Lengenbourg, brother-in-taw to her Majesty.

WINDNOR CAHI'LR, Aram 11
Her Majesty, the Prince Consort, and the royal party,
arrived at the Castle this deg at Ave minutes before 1
o'clock, having left the Royal Pavilion at Aldershott at 20
minutes before IL

Shortly slier her Majesty's arrival the Queen and Prince
Consort, with Princess Miss ad Priam. Isiningen, paid a
visit to the Duchess of Haut at Pm/we.

Despatches were received at the Colonial-office yesterday
from the Governors of the Mauritius, Gibraltar, Malta, and
the Australian Colonies. Despatches were sent to the Go.
versos of Canada and the Bahama

His Royal Highness the Duke of Cambridge,
with General Sir R. Airey, General Hamel, Geneva Craw-
ford, Colonel Bingham, Colonel Charter* and Major
Barnard, arrived at Dover on Thursday. Alter inspecting
the troops at Walmer, kr., his royal high's= sad suits
dined and slept at the Royal Ship Hotel, and yesterday
morning commenced an inspection at the Castle Western
Heights, Ice. The weather was not favourable. His royal
highness was to remain at Dover last night, and would
Oalertaim n aolwet party at dinner.

Her Serene Highness the Prineees Edward of
laze-Weintar, Lord and Lady Cecilia Bingham, and Luria
George and Henry Gordon Lennox, an staying with the
Hake of Duchess of Richmond, at Goodwood, Suesex.

Their Royal Highneamee the Dukes d'Aumale and
de Montpensier, accomp►nied by the Count Villamanrique
mad $ superior officer of the Spanish army, went down to
Woolwich on Thursday, for the special purpose of inspect-
ing Sir William Armstrong's rifled ordnance factory. A
special order of admission had been transmitted to the
heads of departments for their information, in the name of
Count Villarnanrique and three friends. Having inspected
the entire establialunent of the arsenal, which occupied See
hot" including ► prolonged visit to the gun factory, they
accompanied Colonel Tallob to his Mikisl quarters and par.
took of luncheon.

The Prince de Jeinville and suite arrived at
Ostend from Dover on Thursday, and shortly afterwards
left for Cologne.

His Excellency Baron Bentinck has returned to
town from a visit to his Excellency the Belgian Minister
sad Madame Via de Weyer, at the New Lodge, Windsor
Park.

Viscount and Viscountess Palmerton will return
to town on Monday from Bracket Hall, Herta. The Earl
and Countess of Shaftesbury and family are staying on a
visit to Viscount and Viscountess Palmerston at Bracket
Hall.

The Duke and Duchess of Northumberland have
abandoned their contemplated tour in Spain. The noble
duke and duchess, who are still at Lisbon, have determined
to return home by the end of the present month.
The Earl and Countess of Clarendon and the
Ladies Villiers return to the Grove, near Watford, from
visiting lady Maim Alford, at A.hridge, 13erkhampeteed.
The Earl and Lady Constance Grosvenor have
arrived at their new residence, at Princes-gate, for the

Lord and Lady Ashburton are entertaining a
select circle of friends at the Grange, their seat in Haut,.

The Hon. Richard Cavendish will give his first
hall on Wedneeday, the 23341 May, at hia mansion, in
Cheahani-plane, Balgrave-aquare.

Sir George Cornewall and Lady Theresa Lewis
have arrived at Kent House from the Grove, near Watford,
for the season.

On Thursday the Lord Lieutenant left Dublin
Castle for Stafford House, London, and shortly afterwards
a Privy Council was held, when the Lord Chancellor and
Gessral Sir George Brown, C.C.S., Commander of the
lanes, were sworn in as lords justices for the government
aI Ireland daring the absence of his Excellency the Earl of
Carlisle.

Yesterday the fetes in Staffordshire culminated
is s vast public cavalcade to celebrate the Earl of &rev's-
hury's taking formal possession of Alton Towers. His lord-
ship determined to make a public entry into Altou, upon a
requisitiou from a large namber of Lis tenantry and the
yeomanry, and the 13th of April being an anniversary of
the n►tal day of Viscount lngestre, his lordship at-
taining his thirtieth year, yesterday am felicitously
chosen for complying with the requisition.

Lord John Russell has appointed Tuesday next,
the 17th inst., to receive the deputation of the Bridal
Town Council, to urge upon hie lordship the dahlia of that
city to a third representative in parliament.

Major-General BloomSeki, Inspector-General of
Artillery, and hie aidede.aunp, Major Teesdale, C,8., ere
expected to visit the Channel Islands, next week.

Amu:ea.—The subscription nights for thew
finidosable reunions have bees fixed by the ladies patro-
ulna ae follows :—Thursday, April 26; Thursday, May
; Thursday, May 24. The following members of the
aristocracy will have the direction of the lulls this season
—The Duchess of Richmond, Frances Anse, Marchioness
of Londooderry, the Marchioness of Mariann* the COM-
tIMB of Derby, the Conntess of fihsfteakury, the Countess of
Kinnoull, the Countess of Sefton, the Countess Dowager of
Lichfield, the Viscountess Palmerston, the Viscountess
Comberniere, the Lady Aveland, and the Lady Egerton (of
Tattoo). The entire redecoration of the loran is quo—
Willie's Rooms—tlais season, as well u various other im-
provements in contemplation, is expected to revive an
éclat in connexion with the. meetings which they have
lacked for many seasons. The ladies patronesses are
already completing their arrangements for the first ball,
and the exchange of vouchers will commence next week.

PRESS. SA'
raw
The fact, however, ill powers, ea sestincial seeteity
ssels were in -lii hari;owe Toned, sad merchjisits a
telt* awn' the Bradt rates far in axe* of
er of civil war was nit 'by the pion of tr an(
1, t 0(), of which the anal changes. The money-dealers