The Express.
London, England, 1866-09-17 00:00:00

the broad fact

be sure to sup limn.

1

f~~

N• •
ATIONAL ASSEMBLY ROOMS, Ilk High
ntagnlBoent and favourite selablisimment
OPEN Et EWA' t.V.ENINti. The grand band, under the direction
Pacl.r, perfortni nightly an entirely new selection
of operatie and dance mule. Open at half-paid 8 : doss e 8 • re.
Admission. L.

ROYAL PRINCESS'S THEATRE. —SoleLessee
and Manager, Mr. VIYING.—SUMMER BEASON.—
Doors open at balf.paat performances commence at 8 o'clock
precisely; EVENyi? daring tki?.yeeV new and
. ditlad

original Urania, la Three Acta, by Watta Phillips,
THE Ht'utrF,NOT CAPTAIN. Medial obaracters:—Mrs. Btir
Lug, Miss haiLon, Miss Augusta Thocpoa. Mr. George Hooey,
and Mr. Vining. Greed ballet of Bohemians, in which Messieurs
riageolet eiedeche. Com'ete, and Normand.) will appear. New
Bowery by Mr. F. Lloyds.

on their reserves and to decline operatic.'
would under other circumstances have been both
safe and profitable, the Bank of England was
under no such obligation. The Government letter
provided en inexhaustible reserve if it should be
wanted, and hence the Directors could see with
perfect equanimity that on the 30th of May the
statutory amount had fallen to 860,0001. Cer-
tainly the proprietors of Bank stock have no
reason to complain. Voluntarily or involunta-
rily, the Court of Directo-s have adopted the
very best course for screwing out the largest
amount of profit from the difficulties of the time.
Two points remain to be considered. A rumour
has been current that the Bank has suffered largely
from bad debts. The statement was absurd on the
face of it, since commercial failures have been sin-
gularly few, and trade lussnever been on a sounder
basis than now. If it had not been, we should have
had the same daily record of disasters that charao-
terised the worst part of 1857. Again, as the
Governor remarked, " the Directors were not
" such fools as to advance money without
" ample security." Of course not, and
yet the defenders of the Act of 1844 and of
the policy of the Bank Court assume that they
would be such fools if they had the power. We
commend one fact to these uncomplimentary advo-
cates : if the Directors having the power to in-
crease their issues, are sure to abuse it by flinging
away their money to assist all sorts of doubtful
ventures, how is it that they have not done so in
the last three months I The answer is simply
because they are not such fools, nor would they
be if the Bank Act were got rid of altogether. '
The second is that of allowing interest on de-
posits. According to all principles of sound bank-
ing, this system should be adopted very charily,
if at all. Upon this question the Governor con-
curs with what has long ago been advocated in
these columns. He says :—" It was to the prac-
" tice of holding large sums on interest as de-
" posits, repayable at call, that the fall of OvEREND,
" GURNEY, and Co., and other great financial
" houses, was owing. Having the money in
" hand, and being obliged to pay interest upon it,
" they were tempted to put it out at a little more,
" and a little more risk, in order to make a
" profit, until a crash came, and then the whole
" thing collapsed."
Nothing can be more true, and our joint stock
banks will do well to lay this lesson to heart It
has already been brought home to them by the
practical experience of the crisis. No plan can be
devised more conducive to overtrading than that
of an indiscriminate allowance of interest on de-
posits, or in critical periods more destructive to
banking credit. We hope that the day is far
distant for the Bank of England to adopt so
hazardous a practice, and in refusing to do so, the
Directors may count upon a full measure of public
support, however much their other proceedings
may be justly open to Criticism.

---
helpless as any wooden corvette against a certain gun
which every British ship ought to carry; and we are
mistaken if a short advance from this point of departure
will not conduct us to some very satisfactory conclusions.
Presuming ironclad' and wooden ships to be thus placed
upon an equality of hopelessness before modern artillery
may we not reconsider our opinions about the worthless-
ness of oar old wooden DIA y ? That navy comprises vessels
by the score which, if wood is ea good se iron, are still the
most magnificent ships in the world, and is not wood as
good as iron if one material is just as strong, or as weak,
as the other?

(mErrza's nr.samix.)
IMPORTANT FRENCH CIRCULAR NOTE.
PARIS. Sim 17._

The Marquis de Lavalette has addressed to the
French diplomatic agents In foreign parts a circular
dated the 16th, which is very pacific in tone.
After showing that the recent changes in Europe
are favourable to France, the circular proceeds :
The coalition of the three northern courts is broken up.
The new principle ruling in Europe is the liberty of alli-
ances. Aggrandised Prussia secures the independence of
Germany. France will not feel disposed to oppose or to
regret the work of assimilation which has just been ac.
oomplished, and to subordinate to feelings of jealousy the
principles of nationalities which represent and profess re.
gard for the peoples. By imitating France, Germany has
taken a step which draws her nearer to us. Notwithstand-
ing unreflecting susceptibilities, Italy has equally drawn
nearer to us in ideas, principles. and interests. The Sep-
tember Convention which secures the pontifical interests
will be loyally carried out. Second due naval forces are
arising in the Baltic and the Mediterranean which assure
the liberty of those seas. Austria, relieved of her Italian
and German leanings, and no longer employing her forces
in barren rivalries, but concentrating them upon the east
of Europe, still represents 35 million souls, whom no hos•
tile interests separate from France. By what singular reac-
tion of the past upon the future shall public opinion
see, not the all,es. but the enemies of France, In nations
liberated from a past that was hostile to us, and now
called to enter upon a new existent* guided by principles
which are our own, anti animated by the sentiments of
progress which form the pacific link of society. An
Europe more strongly constituted, and more homo-
geneous by better defined territorial divisions is a guarantee
for the peace of the continent, and is neither a peril nor
an injury to our nation.
The circular proceeds to demonstrate that the
Emperor was right in accepting the part of media-
tor. On the contrary, he would have disregarded
his high responsibility if, violating the neutrality
promised and proclaimed, he had suddenly plunged
into the risks of a great war—one of those
wars which arouse the hatred of race and in which
whole nations meet in conflict. "The government,"
continues the circular, " comprehends annexations
dictated by the absolute necessity of uniting
to a country populations having the same
manners and the same national spirit. It can
only desire those territorial aggrandisements which
would not affect its powerful cohesion, but must
always labour for its moral and political aggrandise-
ment, using its influence on behalf of the great
interests of civilisation. Nevertheless, the results of
the late war teach an important lesson, and
show the necessity which exists for the defence of
our territory, and for perfecting without delay our
military organisation. The nation will not fail in
this duty, which cannot be regarded as a threat by
any." In conclusion, the circular considers the
political horizon to be free front any threatening
contingencies, and expresses belief in a lasting
peace.

EXPRESS FROM PARIS.

AN EARTHQUAKE.

(fliox OUR OWN oosalaposoarr.)

PARIS, SUNDAY EVENING.

Anecdotes of the earthquake are coming in from
very many parts of France. They are singularly
monotonous. Bell ringing, door banging, and
rattling of porcelain appear to have been the
principal phenomena everywhere. It has been a
most harmless and delicate earthquake. The only
approach to a serious accident of which I have heard
was at Blois, where the commotion ni set some
bundles of lucifer matches in a grocer's shop. A
fire ensued, which was not got under till the mili-
tary and the fire brigade came to the assistance
of the neighbours, but it did not extend beyond
the grocer's. The schoolmaster of Forges lea Bains
(Seine et Oise) told me that the curd who lives in
an isolated house on a knoll near tho church dis-
tinctly felt the earthquake ; but it was not
perceived by any one else in the village. At
Bourdon, in the same department, the church
bells rang spontaneously at five in the morning.
There the curd, not suspecting an earthquake, un-
hesitatingly attributed the phenomenon to evil
spirits, and proceeded forthwith to the belfry with
bell,book, and candle to exorcise them. The oscil-
latory motion of the earthquake as already men-
tioned was from north-east to south-west. It
followed very closely the Western, Central, and
South Western railway lines. News of it comes
from Blois, Saumur, Angers, and Nantes ;
from Bourges and Limoges ; and from
Poitiers, Mort, and Angoulgme. At Mort
there was a shock about a fortnight ago which was
little noticed at the time. I believe there is no
instance on record of a previous earthquake in any
of these districts. A great many people thought
the end of the world was come.

A singular event has occurred in connexion with
the funeral of M. Leon Gozlan. He was of Jewish
parentage, bore in his lineaments the unmistake-
able stamp of the Jewish race, and was all his life
supposed to be a member of the Jewish persuasion.
Every preparation was made for his interment ac-
cording to the Jewish rites, and two rabbi's sat
up all night watching the corpse, and repeating
Jewish prayers. But at the last moment his son-
in-law discovered in a bundle of papers an extract
from the register of baptisms of the parish of Saint
Mary Major at Marseilles proving that Leon Gozlan
born on September Ist, 1803 (not 1806 as has
been stated), was there baptised on July 14,
1805, or 25 Messidor, Year Xlll. His father,
a Jew, was not present at the ceremony, but
his mother, whose name was Estelle Pro-
venzal (whether a Jewess or not does not
appear), had taken him to the font of the Cathedral
Church privately. The consequence of this dis-
covery was the countermand of the Jewish obse-
quies, and a catholic funeral service was performed
over Leon Gozlan's coffin this morning at the
Church of St. Eugbne.
The Marquis de Boisay, who was reported better
after his recent serious illness, has had a relapse,
anti on Friday received extreme unction.
Count Bow:leech', the Emperor's Chamberlain
and Superintendent of Theatres, is in a desperate
state, and has received extreme unction from M.
IDeguerry, the curd of the Madeleine.

The Andeslien advice' mention that large sup-
plies of dour continued to arrive from Chili and Cali-
forsda. In the latter Gauntry the yield this year has
been extraordinarily great, and the eldpreenis theme will
tor sustained.

)ENT JOHNSON AND HLS
YELLING COMPANIONS.

The following description of the personal sp-
pearTio of President Johanna and the principal members
of his -travelling party is taken from the New York Tri-
bune :—" The personal appearance of the principal MOM-
berg of the Presidential party is generally familiar. When
they arrived in New York, yesterday afternoon, all ocked
dusty, and, to a certain extent, travel worn. The Presi-
dent, dressed throughout in plain black, smoothly shaven,
more anxious apparently than gratified, listened to the ad-
dress of Mr. Stewart with his head thrown somewhat for-
ward, evidently in deep thought. His hair is sprinkled
with grey, but there is the semblance at least of fire in his
eyes and vigour in his body. There is persistence in his face,
obstinacy perhaps ; a look of that immitigable and power-
ful perseverance which grows by residence ; some kindli-
ness ; evidently • man easily managed by those who
praise liberally, but utterly intractable when criticised.
He smiled when the address was completed, evidently
pleased. Willisib H. Seward stood by the side of the
President, apparently unconscious of what had been
uttered. The contrast between the two mm was
great. One large, and dark, and fresh ; the other
small, and pale, end wan ; the one anxious, the other
careless, as to what was wain, ; but both evidently pon-
dering, in • different way, the same subject. The deep,
heal j scar received at the time Johnson was made Pre-
sident, is still plainly visible. The Secretary stood beside
his chief, and seemed lost to the present, with his eyes
turned inward, rather than upon outward objects
" General Grant, with his imperturbable manner,
was yesterday precisely as we have often seen him'
with one exception. He was not smoking. Dressed
in his usual style, a regulation hat, minas the decorations
authorised in army regulations ; • military coat, bearing
on the shoulders the insignia of his rank, and dark panta-
loons, there was little in his appearance to attract attention.
His beard cut short, lips compressed, despite the agreeable
smile that rippled over his almost expressionless face, a
manner utterly and permanently quiet, a countenance
far beyond the reach of agitation, he looked as if he
would not be disturbed if the world crumbled at his feet.
Secretary Welles is tall and wears a long grey beard,
which harmonises with the colour of his hair, and adds
somewhat to the peculiar owlishness of his great I
spectacled eyes. He is a picture of conservatism.
Admiral Farragut is tall, slender, and looks every
inch a man. There is somewhat Learlike in his face,
and his eyes show the intrepidity and the undaunted
courage that made him the hero he is. He wore a cap
and coat, bearing the mark of his rank in the navy, and
stood among his companions above them all. Farragut
would attract attention in a crowded thoroughfare ; but
his face would never say that be loved war, though it is
one that an enemy might fear when anger flushed it, or
kindled into a flame the latent fire of the eyes which give
it an expression so kindly and so genial."

WEATHER REPORT.-{THIS DAY.)

MONDAY. wirreit ail 17. 8 A.M.

R. I Extreme. Sea.
B. T. W. W. B. Ito
12 7.1 D. 9.
Nairn .29.511—1 W. •2
4 S.W. c 0.C3 1
Aberdeen 29.40 40, N.W. 4 2 SW. b 0.09 3
Leith
Ardrossan 29.68 551 N. 3 5 W. b ,0.32 3
Greencastle 29.67'62' W.N.W. 2 4 W.S.W. re .047
Valentia 29.84 58. N.N. W. 4 8 N.W. rc 1' 3
Cape Clear 29.31 52 N.W. 6 6 N.W. i• 5
Liverpool 29.63 55: N.W. 3 4 W.B.W. c 0?" 2
Holyhead
Penzance 29.82 54' N.N.W. 3 9 W. 00 • 0.001 S
Bred .. 29.8467, N.W. 5 7 S.S.W. ire '0.361 6
Lorient .. 7 29.76 52! W. S 9 S.W. oc 0.83 4
Itocheort 29 88 67; W. 6• 7 W. tr 0.40' 7
Plymouth 20.75 55, W. 2 9 W. re 0.721 4
Weymouth
Portsmouth 29.6053 N.N.W. S 9 8.8. W. ic 0.60
London 29.01 60, W.N.W. 6 9 8. crii 0.25 -
Yarmouth 29.48 53; N.W. 6 - W. rc 1.10 -
Scarborough. 29.65 51! N. 7 4 E.B.E. ro 0.2) 2
Shields 29.64 50; N.W. 613 N.W. Ic I 2
Holder — - I -

. .
I
1 I i
1866,
• 2 THE EXPRESS, MONDAY EVENING, SEPTEMBER 17,
• ; -----
BEN--
El ON' s WATCH E B, on the 31st August it was 3,981,7841. In the the *deli Vox wonted for sea service mu be carried LATEST INTELLIGENCE. PRESIDE
58 and 80, Ludgate-hill; 25, Old Bond-street. first ten weeks of the half-year the Bank had, 'say tu broadside. We might almost say, the •
TILL'
• I --e.--
I JOHN BROGDEN'S GOLD CHAINS by troy therefore, gained
about 226,0001., and in the re-
as a
weight, at realisable value, and the worirunwohiP at maming six' teen weeks 744,0001. This ahowsprettiy
absurd
• manufacturers' prices T
hegold In the chaln‘gas- Times holism, that the value of •s ire .clad
fighting vessel bas vanished. as the EXECUTION OF ICARAXASO .
armour' will no longer render • ship impregnable. ANCES AT ST. PETERSBURG.FF—DIS TURD- The followit
pearepia of Presio
i ranteed, and repurchased at the prim chrlod- conclusively, evenafter making allowance for certain When we read that the sides of the Warrior are simply The Avenir National mentions that it has re- of his -travelling
. i ik" tharlintiondt cant adinstmenas of the account at the close of the six me vulnerable as so much basket work it seems impossible oeived a telegram from its private correspondent at bane :—" The pc
Bo 'Kb seer chain wellitscrlatii for fuhka.”
T curse or the golkl, ama months Opi advantage that the Bank has derived to regard the Warrior as more of a man-of .war than •
•
SHAILISPALIM Berlin, stati
• , •
isansitsetom lit. llenriettmstreet, coven ~ ~ "Black stout old frigate. This, of course, would be an extreme ng that on the occasion of the execn- bars of the Pre"'
lion of ICarakasoff on Saturday hut for attempting they arrived in N
t- 'v a the Beek virtually monopolised the die. oundusion. The Warrior's armour would protect her up dusty, and, to •
t •
ONE of the institutions of London is EVANS'S.
&Wert and a charming M VBICAL ENTERTAINMENT Friday,''
count business of the country. While the private and
EVERY EVENING. Alter the theatres and mellows concerts joint stock banks were forced to keep a close eye to a certain point, and insure her a proportionate sups• the life of the Czar, popular demonstrations took dent, dressed the
riority, nor is it • slight advantage for • ship to be invul. place rot onsequence of which charges of cavalrY more anxious app
notable except under peculiar conditions of attack. Still were ;made. Several persons were wounded and dress of Mr. Stew
he aura to sue there.
n" "Ai' "1"v" and to decline operations that the broad feet remains that an iron-clad is as numerous arrests effected. ward, evidently
-.to. ~-..._ hut th