The Express.
London, England, 1867-02-05 00:00:00

THE EXPRESS, TUESDAY EVENING, FEBRUARY 5, 1867.

i
INACUURATIHN or THE MANCHESTER
REEHRM CLUB.

..sPEE('HES OF MR. MILL, M.P., AND MR.
GOLDWIN SMITH.
Yesterday the members of the Manchester Re-
form Club celebrated the opening of that establishment
by a luncheon, at which about a hundred gentlemen were
pre-rut. The chair wax occupied by Mr. Briar Maws,
of Ashton-under-Lyne, anal amongst those present were
Mr. J. S. Mill, M.l'., Mr. Goldwiu Smith, Mr. Cheetharn,
M.P., Mr. T. B. Potter, Mr. B. Whitworth, M.P.,
Mr. G.. rge Wilson, &c.
The health of the queen having been drunk,
Mr. Jacon Ititicur proposed the tout of " Kul Russell,
Mr. Gladstone, and the Liberal members of Parliament."
The following letter from Mr. Gladstone, who had been
elected an honorary member of the club, was then read:
•• My dear Mr. Potter,- -I thankfully accept the honour
you have been pleased to confer on me, anti though I shall
not be enabled to profit by your licepitaltle invitation to the
luncheon of the new club un Monday, I would ask you to
believe that on that day, as indeed on most others, my
thoughts will be very antioudy directed towards the
ntrainment of the salutary changes which I trust the I
session, now about to open, may see accomplished.--I re-
main, very faithfully your.,
WILLIAM Ewan? CLAINITONF.."
Mr. CHM:THAN, in responding to the toast,
referred to the calad now stoat in London for the purpose
of displacing Earl Russell and Mr. Gladstone from their
positions as leaders of the liberal party. He expreured
his conviction that the liberal party would not submit to
any such intrigue, and said that for his own part he would
meter follow the lead of any titled nonentity, however
alettitiguished might be the name he bore.
Mr. T. B. Porree, M.P., proposed the toast, "Political
progress, the only safeguard of civil liberty," coupling
with it the names of Mr. Stuart Mill, M.l'., and Mr.
C ' Iwin Smith.
Mr. J. Sruser MILL, M.P., who was loudly cheered, in
responding to the toast, said :—You have done me the
honour of associating my name with the words political
progress. It is with you—the men of Lancashire—that
that idea should be more particularly connected. We of
the south are accustomed to look to you of the north, as
invariably leading the van, not only in the industrial pro.
greet, not only in the commercial progress, but in the
political progress of this country. And in doing so, you
have confirmed the idea that we have heard from our
childhood, which is admitted and even asserted as a gene-
ral principle, by conservative as well as by liberal thinkers,
that manufacturing and commercial populations are
always the leaden on the aide of progress, and
that agricultural populations, and particularly an aristo-
cracy of great landowners, have a different function in the
community —a function which is sometimes necessary,
although it is apt to he excessive—the conservative func-
tion—the function of keeping that which is good, and, I
am afraid, sometimes that which is bad too. (Cheers and
laughter.) But to you it particularly belongs—to the
manufacturing and commercial communities of the world,
and to the manufacturing anti commercial part of mixed
communities—it belongs to you to take the load in improve-
ment, both in ideas and in the application of those ideas to
practice. It is natural that it should be so, because those
who are constantly employed in devising more and more
new contrivances for making the laws of nature applicable
for the increase of national wealth, and for attaining all
the objects that are pursued in the economical depart-
ment of things, with ever increasing facility, and those, a
very large proportion of whom are always men who have
made their own position anal their own fortunes. anal who
are always rising—a succession of them rising from an in-
ferior to a higher position- these are the persona whose
practice and whore course in life naturally ought to make
I them, and very generally aloes make them, habitual Mi-
-1 provers and reformer'; these are the antecedents which turn
men's minds to improvements in all departments of things,
as well as in their own. I wish it were not unfortunately
I to be said that, owing to the general infirmities of human
nature, even these very men, after they have once raised
themselves, and after their fortune is completely made—
they and their descendants very often cherish the rather
low ambition of passing over into the class of territorial
men—(cheer)—and from that time they would rather see
their influence employed on the conservative aide—often
wholesomely, sometimes oot quite so wholesomely—than
on the side on which they have themselves made a posi-
tion. (Cheers.) Still, however, it is to this class that we
must look in all great national movements for political
improvement : and it is to them that we must look mainly
for victory in the great battle in which we are now engaged,
against what remains of privilege in this country. (Cheers.)
The sentiment which has been given by my friend Mr.
Potter associates political progress with civil liberty as
being the sole condition of it ; and I think no person
who uses the smallest reflection can doubt that that is
true, for our history and our principles together com-
bine in showing, in the first place, that the nation
which is not going forward alwaysi goes back,
anti the nation which is not constantly em-
ployed in improving whatever it has, both of material
and also of spiritual good—which is not constantly en-
gaged in improving—gets into a state of stagnation and
mental indolence, the sure consequence of which is de-
cline. And we have declined in these things. We have
declined either in material prosperity, or in mental and
mural culture, and with that decline conies necessarily,
where a people has been free, the gradual loss of liberty.
Consequently, it is not to be expected that any country
should long retain its liberty, which is not engaged in
political progress—which does not keep political progress
constantly going. But more than that, there is a point
which very specially demands and invites our attention at
this very moment, namely, the question bow a country,
in the new state of the world, is to protect not only its
liberty, but even its national independence against foreign
countries. Look at the armed hosts which are rising up
all over the world just now. Look at the immense extent
to which aU the governments of Europe—all the snore
powerful governments—are devoting the whole of their
resounes, and the whole, almost, you may say, of their
people, to the maintenance of enormous armies ; and not
merely of defensive, but of aggressive armies. Is that
not menacing to this country' Does anybody suppose
that those govenimenta look with pleasure upon the
degree of freedom that we enjoy, and upon the contrast
which, in many respects, our position offers to that of
their subjects, owing to our freedom ? Not at all. And
yet what position are we in! We, with our small army
—and I hope we never shall have a larger—still cannot
keep it up. We cannot get recruits, because—and this is
a point to which all men's attention, I think, ought to be
turned, as being one of the most remarkable signs of the
times—the people of this country, and indeed of other
countries, but especially of this country, will no longer
fight for a cause which is not their own. Men will not be
soldiers as a mere profession ; at least the number is con-
stantly diminishing of those who will hire themselves out
to shed the blood of others, when it is not for their own
protection and their own freedom and laws. But we
have a noble example of bow a people can fight when its
for themselves, for their own cause ; when it is for their
own liberty, or for moral principles which they regard
equally with their liberty, in the late heroic and glonous
struggle of the United States. (Loud cheers.) We
have seen a million of men in anus for their
own freedom, but chiefly for the freedom of others,
chiefly for the general cause of liberty—a million of men
in arms, and every family in the country almost had
some one of its members in that force—there is scarcely
a family in the Free States that is not now in mourning in
consequence of that war. Nevertheless they went on
until they triumphed, and, having triumphed, they went
back to their ploughs and their looms, and resumed the
pursuits of civil life, and with no more thought of con-
tinuing any longer in military life, or making an invasion
or encroachment upon their neighbours, than if
they bad never handled a musket. That is the de-
fensive army which we require, and we ought, with the
utmost vigour we can, to oppose and resist any attempt to
give us an increased aggressive force. What we want is
that the people should be disciplined and armed, and ready
to come forth and fight, as the Americans did, in their
own cause, or in any cense in which they feel a disin-
terested concern ; that it should be for themselves, and
not for others, that they fight ; and that the highest
place in that force should be given, not to those who have
bought it, or who are born to it, but to those who have
shown that they have earned it, and that they deserve
it. (Load cheers.)
Mr. Goldwin Smith, in his speech, alluded to what
might be expected from a reformed parliament, and dwelt
at considerable length on the benefits University reform
especially would colder upon the nation.
I

LAW INTELLIGENCE.
(THIS DAY.)

COURT OF QUEEN'S BENCH.

After Term Nisi Pries Sittings at Westminater.—(Before
Mr. Justice Sheet and a Special Jury.)
t. STIIRKM.

The further hearing of this remarkable case was resumed
this morning.
Mr. D•gby Seymour, Q.C., Mr. Coleridge, Q.C., and Mr.
Nasmyth were counsel fur the plaintiff ; the Solicitor.
General, Mr. Prentice, Q.C., and Mr. Heiman were counsel
for the defendant.
Thu tint witness called was the Rev. d. admi-
nistrator of Tuam. Ho stated that he bad two interviews
with the plaintiff alter she returned from Paris, and he
considered her mane.
. .

Cross-examined—He never saw her before. He had
heard a great deal about her. the complained bitterly of
the tre.itment she had received. He could not recollect
whether she spoke of the manner in which the will h.id
been made, and of the defendant's wickedness to his

father.
Mr. Thomas Phillips was next called, but before he was
sworn
The foreman of the jury said he hail been requested by
one of the jury to hand his lordship a written communica-
tkn.
Mr. Justice Shee having read it said he SAW no objection
to the questions being put.
The learned counsel having read it said they had no
objection to questions being put.
The plaintiff was recalled, and in answer to the questions
said theno Roman catholic priest or any person in orders
in the church of Rome in England, Ireland, Scotland,
France or any other place had directly or indirectly sup-
plied her with money, towards enabling her to carry on
this action. She had been lent money by her private
friends.

The juryman wished to know who were her private
friends, but the others said they did not think it neces-
sat7.
The juryman said be was sorryto find that his brother
jurymen did not CURCUT with him.
Mr. Justice Shee said that every juryman who had a
doubt had a right to put a question to satisfy his mind.
The plaintiff said she had borrowed money from Mr.
Phillips, Mrs. Higgs, of Chatham, and Mrs. Wright, sister-
in-law of Mr. Phillips. She had upwards of 1001. of her
own when she commenced the action.
Mr. Thomas Phillips, tea-dealer, Le., Brighton, had
known the plaintiff upwards of 20 years. He had always
considered her sane. He had lent her 60/. She told him
after her release that there was a conspiracy between the
defendant and Pateman to put her into the asylum to
suppress liinltieztrlinevlence aboyuant ;trirff.and
Mrs.
Standard
were called, and gave evidence its to their belief that the
plaintiff WWI sane. They had never noticed the slightest
indication of unsoundness of mind during the many years
they had known her. They all stated that when she re-
turned from Paris she dwelt on her wrongs and the um
kindness of the defendant, and her belief that there was a
conspiracy between the defendant and I'atewan against
her on account of the will.
Mrs. Hoare, the defendant's sister, said she had known
the plaintiff for 27 years. Her conduct had always been
that of a faithful and kind servant in her relations to the
family. One and all had the greatest regard for her. She
had never noticed the slightest insanity in the plaintiff.
The letters written by the plaintiff when in the Mahan
de Santis, at Charanton, to the witnesses, which she
received, were put in and read. She begged and prayed
of the witness to take her away and free her, and that one
of the inmates had obtained the assistance of two doctors
and had been released. She said she would pay all ex-
penses if witness would but rescue her from the de-
signs of her wicked brother. What cruel treatment
after 2t years' service. Write and say whether
she was to live or die. She had been put there
out of revenge, and in the hope that fright and fear
would kill her out of the way, but Cod was stronger than
the devil. That the witness and her husband were her
only hope and friends; and concluding, "Oh, send, send
and save me." She described the defendant us a villain ;
that he had ruined all the family, and that she was the
only witness against him.)
[The case was proceeding when our report left.]

COURT OF PROBATE AND DIVORCE.
(Before the Judge Ordinary.)
WINSTANLEI r. WINSTANLZY.-BINTENCE.
. .

This was a petition for the dissolution of a marriage on
the ground of cruelty and adultery, the party proceeding
being the wife of a farmer at Ear'swine, in Essex. The
case turned entirely upon questions of medical experi-
ence, and
Sir James Wilde, this morning, thinking the evidence
insufficient, dismissed the petition.

H.ldar ....

OLIVER WENDELL Howess.--He can say the
most unpalateable things in the pleasantest possible way.
He does not appeal to the pride and pugnacity of his coun-
trymen, or tell them that America is the only place in
which a man can stand upright and draw free breath. He
thinks there is " no sufficient flavour of humanity in the
soil " out of which they grow, and that it makes a man
humane to "live on the old humanised soil" of Europe. He
will not deny the past for the sake of glorifying the present.
" They say a dead man's hand cures swellings if laid on
them ; nothing like the dead cold hand of the past to
take down our tumid egotism." He is equally the
enemy of " high-falutin," and spreadengleism, and social
gang. " First-rate," " prime," " a prime article," "a
superior piece of goods," " a gent in a flowered vest;"
all such expressions are final. They blast the lineage
of him or her who utters them, for generations up and
down. He tells them that "good breeding is surface
Christianity." He slyly consoles them with the thought
that " good Americans when they die go to Paris." He
is thoroughly national himself, and would have American
patriotism large and liberal, not a narrow provincial con-
ceit. The " autocrat "is assuredly one of the pleasantest
specimens of the American gentlemen, and one of the
most charming of all chatty companions; genial, witty,
and wise—never wearisome. We fancy the " Autocrat
of the Breakfast Table " is not so well known or widely
read in this country as it deserves to be. A more delight-
ful book has not come over the Atlantic. —Qs/at-fere y
Renew, new number.
UNIVERSITY STUDENTS IN SCOTLAND.—It was
not without reason that Lord Rothie had teased his hostess
about refusing foot-pamengers, for to such it was her
invariable custom to make some civil excuse, sending
Meg or Peggy to show them the way to the inn next in
rank, which could not so well afford to be fastidious.
More than one comical story had been the result of this
law of the Boar's Head, unalterable aimed as that of the
Modes and Persians. To one clam alone of the footfering
community did the official ice about the hearts of the
three women thaw, yielding passage to a river of hos-
pitality and generosity ; and that was the class to which
these wayfarers belonged. Well may Scotland rejoice in
her universities, which, whatever may be said against their
system—l have no complaint to make—are in this divinely
free : that such men as follow the plough in the spring
and reap the harvest in the autumn, may, and often do,
frequent their sacred precincts when the winter comes—so
fierce, yet so welcome—so severe, yet so blessed—opening
the doors to harder toil and poorer fare. I fear,
however, that of such there will be fewer and fewer,
seeing a clam which supplied a portion of them
has almost vanished from the country—that class which
was its truest, simplest, and noblest strength—that class
which at one time rendered it something far other than a
ridicule to say that Scotland was pre.eminentl a God-
fearing nation—l mean the class of cotters. But some
who had more means than the men sprung from this lowly
order, either could not, at that time, afford to travel by
the expensive coaches, or could find none to accommodate
them. Possibly sonie preferred to walk. However this
may have been, the various groups which at the begin-
ning and close of the session palmed through Rothieden
weary and footsore, were sure of a hearty welcome at the
Boar's Head. And much it was needed. Some of these
men would wait between one and two hundred miles be-
fore reaching the end of their journey. —The Arvoeg for
AN ENOLIsti CADET IN THE AUSTRIAN SERVICE.
—A man was brought up to receive twenty-five cuts with
a stick for stabbing and otherwise ill.treating his hone,
and it was my duty to conduct him from the guard-room
to the ground, see the sentence inflicted, and escort him
back to prison. After it was over, I stood talking with
some of the non-commissioned officers about it, and hold-
ing one of the sticks which bad been used in my hand,
boy-like, I expressed a wish to know how hard I could hit
with it. The senior sergeant of my troop said, " Well,
cadet. if you will stand a quart of wine you may give me
half a score of cuts with your whole strength." I agreed
to the proposal, and without another word he lay down,
and took the ten blows which I administered without a
sound, a word, or a movement. When it was over he of
course got his wine, and then tried to persuade me to try
" just one stroke," saying that I could not be a thorough
hussar unless I knew what it was like. An officer
entered while we were discussing the matter. I
reported of course, according to custom, and he
then inquired what we were talking about. The
senior sergeant laughed and replied, 'I have been
telling our Englander that he is no hussar until he has
stockstreith, but he does not seem to like the idea." The
officer Reid " Sn," and stroked his moustaches, and in going
away added, "Sir ?when Lien Courapc—(Y on are wanting in
courage)." At these words I saw several of the men smile.
Now I expected to become an officer, and knew very
well I need never hope to do anything with my men if I
allowed them to suppose I was deficient in pluck ; so I
s.id that at any rate I would see what it was like, and
lying down, called out to the sergeant to give me a cut
and a good one. It may be that his arm was stronger than
mine, or that my skin was more tender than his, but it
was an awful blow, and I do not know which touched the
ground first, my feet or the stick, for I was on my legs in
a second, one hand on the part struck, and the other on
my mouth. I could hardly breathe, and knew not whether
to laugh or groan. However, I decided to grin and bear
it. Fortunately, an immediate retreat to my room was
, for my thick trousers were cut across as though
necessary,
knife,a and for many days I found the saddle exceed-
ingly painful, notwithstanding the sheepskin and extra
padding with which it was furnished. —Core e ill Maga:..ine
for February.

LATEST SPORTING INTELLIGENCE

(n 111.11C111,10 TZLRGRAPiII.)

CARMARTHEN MEETING.-(THIS DAY.)

HUNTERS' STAKES. Three miles,

The Nun, Peneloner,iiiiord,
Jack o' Newbury, and The Captain are here.
Most of the others are trained in tho neighbourhood.
OPEN STEEPLECHASE HANDICAP. About four

a !T.! w.

Nedra
Aberdsea ti.a2 3 W.S.W.
Iron),

I . /sarong. Bgs,
11 !
77-

Ardreesin 30.03 40• W.N.W.
Greencastle 11'.0838: W.N.W. I
Valeutia 29.31 47; N. W.
Cape CUM 19.30 48. N. W.
Liverpool— 9l. Ye 43' &W.
Uolyhead it 44 KW. I
Penance.— 5E47 48' W.S.W.
Brest
Lorient 211.73 46 W.V.W.
Rochefort_ 30.6446 W.B.W. •
Plymouth 00.61 47 B.W.
Weeesontk

Louden 29.68140 W.
finnoatii... 29.4! 39 R.W.

Shled4 21.10.40 S.W.

I-

W. re o.ofi 2
1 W. Lo 2
W.S.W. r .0.10 2
7 W.N.W. or 0..1 5
• W.S.W. m 0.16 2
71 N.W. ro 0.47 3
71 N.W. mt 0.18 7
2 W.S.W. ro 0.21 1
• W.S.W. co 0.08 6
• W.N.W. cr '0.47 6
7 I W.N.W. fr 0.14 7
• W.B.W. or • 0.47 6
4 W.S.W. ro 'CYO 6
8 B.&W. 00 0.84 4
6 8. co 0.19 4
8' 8.11.19. re .0.15 3
6 N.N.W. rbc 0.12 -
7' &W. i b 3
6 W. I c'0.05 3
3 &W. loc 1 2

MONEY MABIBT.-(THIS DAY.)

Oxi

The English funds are unaltered to-day, but
quotations show a rather firm tendency. The
monthly settlement has commenced, and will
be completed on Thursday. Some of the foreign
stocks have advanced, including Turkish of 1862
and Mexican, but English railway securities have
again declined. Miscellaneous shares are quiet,
at the closing quotations of yesterday. The amount
of business generally is limited ; but the tone of
the markets, on the whole, is not unfavourable.
The money market is quiet, with few transac-
tions. The rate for bills is 22 to 3 per cent., and
for advances in the Stock Exchange 2.
Consols are now quoted 902 to both for money
and the ith inst., and 901 to I for the new account
(March 7).
Mexican bonds are in demand, and have bn-
proved g per cent. Turkish of 1862 have also
risen 11, and ditto of 1865, 1. Other foreign stocks
are steady, at the closing prices of yesterday.
Turkish Bonds of 1862 are quoted 641 to I ;
ditto of 1860, 2t to 301, ; Greek, 14 to I
Spanish Passive, 22g to ; ditto Certificates, 142
to K ; Italian of 1861, 544 to ; Mexican, to
; Russian Scrip, 1 to prem. ; and Chilian
Scrip, 3 to 1 prom.

United States 5-20 Bonds are unchanged, at
72.1 to 1, but Erie Railway shares have improved
per cunt., viz., to 39 to 1. Illinois Central are
without variation, at 801 to 81.
Anglo-American and Atlantic Telegraph Eight
per Cent. Preference shares have declined 2s. 6d.,
being quoted 151 to I, and 31 to 1, respectively.
International Financial shares are quoted 21
to 2 die. ; London Financial, 18 to 17 dia. ;
General Credit, 2/ to 2 dig. ; Credit Fonder,
5,1 to 4/ dis. ; National Discount, 8x to prem.,
ex div.; and Hudson's Bay, 16 tel.
At a meeting of the directors of the Illinois Cen-
tral Railroad Company, held at New York, on the
15th January, it was resolved : " That
dividend of 5 per cent. in cash, free
of government tax, be paid on the Ist day of
February next, to the holders of the full paid
shares registered on the 19th day of January
instant, and that the transfer books be closed on
the said 19th day of January, and opened on the
6th day of February."
The sixth ordinary general meeting of the
Charing-cross Hotel Company will be held
on the 18th instant, when a dividend will
be declared. The fourth general meeting
of the Thames Plate Glass Company
is convened for the 13th inst., to receive the direc-
tors' report and balanoe-sheet and to declare a
dividend. The half-yearly meeting of the Buxton
Hotel Company is called for the 16th inst.
About 10,000 sovereigns were taken from the
Bank yesterday for Egypt, but there were no with-
drawals for Paris, no profit being now presented on
the transmission of gold thither from this side as
an exchange operation.
The Tanjore, from Alexandria, has brought
2,2941. in specie. The steamer Poonah took yester-
day only 7101. in silver for Bombay.
Telegrams from Calcutta quote the exchange at
ls. 11 id., showing a movement of about 2 per cent.
in favour of this country. Should the decline in
the Indian exchanges go on, it is probable that the
whole of the gold sent from Australia to Point de
Galle by the mail packets would be forwarded to
England, instead of a portion being sent to India,
as of late.
The dividend on London and South Western
Railway stock for the half-year is officially an-
nounced at the rate of 41 per cent. per annum,
against 51 for the corresponding period of 1865,
thus showing a decrease of 1 per cent., although
; the traffic receipts of the half-year were some
' 9,0001. or 10,0001. more than in the corresponding
) half of 1865.

The South Eastern Railway traffic return shows
this week an increase of 2071. over last year.

At the meeting yesterday of the Universal Marino
Insurance Company the directors' report waa
adopted, and a dividend declared of 2a. 6d. per
share.

The meeting of the New Zealand Loan and Mer-
cantile Agency Company (Limited) took place yes-
terday, when a dividend was declared for the half-
year at the rate of 12 per cent. per annum, making
a total distribution of 10 per cent. for the twelve
months.

Below we give the report of the directors of the
Thames and Mersey Marine Insurance Company
(Limited), to be presented at the seventh ordinary
general meeting on the 15th instant :
- -

The directors now present to the shareholder the ac-
counts and balance sheet of the company for the year
ending 31st December, 1866. These accounts have been
duly verified by the auditors. The balance carried for-
ward on 31st December last, deducting all claims and ex-
penses, as well as the sum of 40,000/. paid to the share-
holden in dividends and bonus since the last report was
presented, amounts (including the reserve fund, 14:1,000/.)
to 434,9401. 6a. Ild., exclusive of the paid-up capital of
the company, 200,0001. The underwriting accounts for
the year 1804 have now been closed, and the directors
have the satisfaction to announce, that after making
due provision, by a suspense account, to meet
the liabilities yet outstanding, the profit on the
business for that year is estimated at 102,000/.
Of this sum, 40,000/. has already been appropriated
to the payment of dividends ; and the directors now pro.
pose to set aside a further sum of 20,0001. for the payment
I of the half-year's dividend and bonus to the 31st December
last, leaving a balance of profit amounting to 42,000/.,
which the directors carry forward to provide for the con.
tingerrfies attaching to the underwriting account for the
year 1865. It is of course too early to anticipate the re-
sult of the business for the year 1866, but so far the
accounts present a favourable aspect. The directors now
recommend the payment, free of income-tax, of the same
dividend as last half-year, viz., 2s. per share, and a
bonus of 25., making together 4s. per share, or at the
rate of 20 per cent. for the year ending 31st December,
1866, on the paid-up capital of the company, and that
the board be empowered to pay a similar dividend and
bonus for the half-year ending 30th June next, should
they deem it expedient. In accordance with the deed of
settlement, the director have to report that the follow-
ing directors retire from office, but are eligible fur re-
election:--Messrs. Kennard. Ashlin, and Macnaughtan,
London ; Messrs. Johnston, Sanders, and Tobin, Liver-
pool ; and Messrs. Harrison, Lyon, and Mendel, Man-
chester. The directors have also to report the retire-
ment from the London board of Mr. William Dent, Mr.
Francis Martin, Mr. Philip Shore Fletcher, and Mr.
Henry Alen Hankey ; and the election of Mr. Peter
Pantie Ralli, late of the firm of Mews. Belli Bros. ;
and Mr. Hobert Ilyrie, of the firm of Messrs. Glad-
stone, Ewart, and Co., as directors; which appoint-
ments require the confirmation of the shareholders.
The auditors—Mr. Coleman, for London ; Mr. Banner, fur
Liverpool ; and Mr. Child, for Manchester—retire ; Mr.
Banner, being eligible, otters himself for re-election. Mr.
Coleman, in consequence of ill-health, and Mr. Child
having given up business as an accountant, decline again
to put themselves in nomination. The directors therefore
recommend Mr. Weise, of the firm of Messrs. Coleman,
Turquand, Youngs and Co. ; and Mr. Murray, of the finn
of Messrs. Broome, Murray and Co., to fill respectively the
vacant appointments in London and Manchester.
The traffic earnings of the Great Western Railway
of Canada for the week ending Jan. 18 show an
increase of 1,3311. compared with the corresponding
period of 1866.
The receipts of the Buenos Ayres Great Southern
Railway Company for the week ending the 16th
Dec. were 1,888/. ; and for the week ending the
23rd Dec., 2,4841. The increase seems to be limited
only by the facilities for tarrying the traffic, and
further appliances will soon be provided.
The third annual meeting of the West India and
Pacific Steamship Company (Limited) will be held
on the 11 th instant. The half-yearly meeting
of the General Steam Navigation Company is con-
vened for the 26th inst., to transact the usual
business and to declare a dividend for the half-year
ending 31st December last.
With reference to the tenders for the Canterbury
Government Sir per Cent. Loan, it has been said
that 879,060/. had been already issued, instead of
87,900/. The amount now offered is 300,0001.,
making 389,7001. out of the 500,00/. authorised to
be rained.

MONT4Y armee.
Consols, which closedon Saturday at 901 to $, both
for money and next Thursday's settlement, opened
this morning at the same quotation, and dosed at
90„ to 4. For the7th March the last price was 901 to
;. The official business report is as follows :—Three
ner Cent. Consols, for money, 90,i', 1,4, 1,4, ;
ditto, foe account, 901 • Three 'per Cents. Re-
duced. 90, 891, • New liree per Cents., 90, 891
Bank Stock, 249 51 ; India Five per Cent. Stock,
Kra, ; ditto Four per Cent. " enlaced " rupee
paper, 84i ; ditto Bonds, 30s. prem.
I'he India Five per Cent. Stock was rather more
inquired for.
Exchequer Bills remain at 10s. to 14s. prem.
As regards foreign stocks, there was a demand
for Italian and Turkish of 1865, which improved
to 4 per cent. On the other hand, Moorish de-
clined 1 ; New Grenadian, "ex all," 4 ; and
Greek, Mexican, and Spanish Certificates, 4.
Spanish Passive experienced no variation of im-
portance, but were rather dull.
The scrip of the new Chilian Loan recovered
closing at Ito 1 prem. It is stated that the
application for a settling day will come before the
Stock Exchange Committee to-morrow (Tuesday.)
Bank shares were quiet, but there was a demand
for Alliance, Chartered of India, Australia, and
China, and New South Wales, which rose 103. to
If. On the other hand, Metropolitan and Midland
declined 10s.
London financial shares were in demand, and im-
proved 10s. Credit Foncier also rose 2s. lid. to 5e.;
brit International and General Credit showed no
movement of importance. Prices closed as follows :
—lnternational Financial, 2/ to 2 dia. ; General
Credit, 2,1 to 2 dia. ; London Financial, 18 to 17
dia. • anCredit Foncier of England, 51 to 4; die.
The shares of the Anglo-American Telegraph
Company were flat, and declined 53., viz. to 1511 to
ex drv. ; Atlantic Telegraph 8 per cent. pre-
ference were quoted 34 to if ; and Telegraph Con-
struction, 3 to 21 dia., being unaltered.
Hudson's Bay shares closed at 16 to 4 ;
National Discount, at B,i to; prem., ex div. ; and
General Ottoman, at par to 1 prem. Miseellamous
shares were quiet, and the only variations were a
rise of 23. Oil. in Berlin Waterworks (New) and
Thames and Mersey Marine Insurance, and a re-
duction of ss. in City Offices and Home and Colo-
, nial Assurance.
United States 5-20 Bonds were offered, and fell
1 per cent. Atlantic and Greet Western Railway
Debentures also declined and Erie shares 4, but
Illinois Central improved 1. Prices closed as fol-
' lows :-5-20 Bonds, 72,1 to 4 • Erie Railway
k shares, 38,1 to 39 ; Illinois Centr'al, 804 to 814 ;
Atlantic and Great Western Railway Debentures,
39 to 1 ; ditto Consolidated Mortgage Bonds, 304
to 311, ex coupon.