The Express.
London, England, 1860-06-18 00:00:00

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LONDON, MOND.4I; JUNE 18.

Twa great fame and prestige of Louis NATO-
MIN need not surpriae any one who observes
how diligently even his enemies labour to exalt
it. His servants and followers can find, even
with the utmost care, comparatively few occasions
for their praise ; but the fears of his adversaries,
magnifying all that he does, and supplying all
that he might do, to influence the course of the
world, abundantly make up the deficiency. If
the breast of the French Earmunt is open to
flattery, he must be peculiarly gratified at the un-
willing tribute paid him in the superstitious
dread of • considerable class of our countrymen.
Unworthy of Englishmen as is this morbid sensi-
tiveness to every breath of wind that blows from
France, it might be unwise to check it if it sub-
served any useful purpose, if it helped us better
to understand the policy and measures of a go-
vernment to the influence of which in Europe we
can never be indifferent. But it has • directly
contrary tendency.
Lot-is NAPOLEON has been to Baden, and has
there met the Prince of PRI:MIA, four Kings, and
several lesser Sovereign Princes of Germany. If any
friend of the Emricaoa were required to describe all
the circumstances of that meeting, he would think
himself fortunate if he could explain them so as
not to wound the amour-propre of France. But the
theme is taken up by an inveterate opponent of
the Eifecacia, and straightway his Istrsai•r. Ms-
Jerry is set on a pedestal and exalted as an idol
before whom all Germany is bowing down. M.
GCRILILONIBRZ could not have performed this ser-
vice for his master ; only an English journalist
could do the work. The EMP2IOI, it is notorious,
condescended to invite himself to this party. He
carried complaisance so far, that to have refused
to receive him would have been downright inci-
vility. He was willing to travel above three
hundred miles, and to crone his own frontier.
Certainly this is rather the facility of • bagman
looking out for business than the state of a
suaerain receiving homage.

The sudden journey of the King of lisnovia
to Berlin, and the explanations which the Prussian
Ambassador at Vienna ham had to give to the
Foreign Minister of Austria, show, among a
crowd of other facts, the thoughts which the
impending meeting of the Panics RIGINT and
the E!dFZIPAIL awakened at the Courts of Ger-
many. The King of HANOVaIt must have re-
flected with some misgivings on the part not
only inimical but insulting to Prussia, which his
plenipotentiary had been playing at Frankfort for
the last twelve months, from the date of the dis-
cussions about the direction of the military forces
of Germany during the war in Italy down to the
debates on the Hessian constitution. Throughout
the whole of that period the Government of his

MAJMITY betrayed a jealousy of Prus-
sia as paltry as it was intense. The readiness, let us
hope the thankfulness, of the King of HANOTRI to
accept the generous invitation of the REGENT to
meet him at Baden is sufficiently explained.
But although the position of Hanover marks it out
as the territory which in any reconstitution of
Germany should contribute to that aggrandisement
of the Prussian monarchy which is desirable in the
interests of liberty and peace, there is no
German State which has not • legitimate
interest in the relations which Prussia may
form with 771111014 By encouraging the Princes
of Germany to be present at this ■aseting with
the En pzion, the Parses Rasa has taken the
moat effectual means of calming the apprehensions
of his neighbours, and at the same time gained an
opportunity of appearing as the central figure in •
rase sad illustrious German assembly. How it
can serve the cause of Austria to proclaim in Lon-
de* that she is delighted at this spectacle, we are
at a loss to imagine. At Vienna, as onr own
columns have shown, they hold very different
language.

iierinany does not just now offer a very inviting
field for a potentate speculating on the cupidity
of his neighbours. There is not there, as in Italy,
• foreign enemy strongly entrenched, and not to be
expelled withoutextenial aid. The active elements,
Of rather the elements which an appeal strong
enough to rouse Germany would call into activity,
are, first, nationality, and next, liberalism,
and both of these, so far as they have been at all
manifested, are against France. Moreover, easy as
it might be for Loris NAM/LION to tempt one
Gerneux Potentate to acquiesce in his plans by
offering him the spoils of another, it would be diffi-
cult to make things pleasant, when, as at Baden,
he had to do with all. If it is really ?lamasery
to account for the meeting which has just
taken place by the state and prospects of
Europe—if the weakness of Lieu NA 'O-
LSON, so often exemplified in seeking unne-
cessary interviews with legitimate hereditary
sovereigns, and a natural and right desire on his
part to allay the feeling which recent debates in the
Prussian and other German Parliaments have dis-
closed, are thought not to explain it adequately—.
we should be prompted to look outside Germany
for the mums which make the Emma°, desire
to guard against a second outbreak of anti-
Gallican sentiment on the eastern frontier of
Prance while he is making war. But when those

THE

reasons cannot be pointed out to the pablic eye it i
not the office of the journalist to exorcise inrentia
in the cultivation of distrust.

Tax state of the weather and of the crops has
during the last week engaged the attention of the
commercial and financial, almost as much as of
the agricultural classes. The rise in the corn
markets has not yet proceeded so far as to indicate
that real apprehension prevails in the quarters best
qualified to form a judgment. Any gloomy im-
pressions which are at present entertained, being
based upon that most shifting of all conditions, the
state of the weather, may soon be dispelled.
Nevertheless, it would be foolish not to acknow-
ledge that our prospects are becoming serious. A
season so backward as the present one has not
been known for many years. We are now in the
middle of June, and the temperature resembles
that ordinarily experienced in March and April.
Vegetation makes very little progress. Any
stimulus that is given to it during the
day is checked by the coldness of
the nights. The prevalence of heavy cold
rains has thrown all agricultural operations
very much back. It would appear from inquiries
rather extensively prosecuted that the breadth of
wheat sown this season is considerably below the
average ; and as regards the condition and pro-
mise of what has been sown the reports are deci-
dedly unsatisfactory. A favourable feature is
involved in the fact that the stocks of grain exist-
ing in the United Kingdom are above the average,
but too much importance must not be attached to
this. A consideration of perhaps equal weight on
the adverse side is the exhaustion of the stocks of
fodder throughout the country. The effect is seen
in the present prim of butcher's meat, which might
be termed really exorbitant, were it not
produced by the action of natural laws
to which we must all defer. There was a
foolish open-air demonstration at Bristol on
last Wednesday evening, whereat resolutions
were gravely passed pledging those present
to abstain "as much aa possible " from buying
butcher's meat until prices are lower, censuring
the butchers, and petitioning Parliament for an
act by which the killing of lambs or calves for
sale shall be prohibited until they attain the age
of eight months. The fact that between 5,000
and 6,000 persons are stated to have taken part
in this stupid demonstration shows how slowly cor-
rect economical principles permeate the community.
The majority of the community, whose individual
means are limited, are already, without ventilat-
ing their grievance publicly, searching about
for economical 'substitutes for butcher's
' meat ; and the price of the latter
would have risen much higher, but for this en-
forced abstention, and consequent decrease in the
daily demand.

Judging from the present appearance of the
country, some persona do not hesitate to express
an opinion that the wheat harvest in the United
Kingdom will be three weeks or a month later
than usual, and deficient in quantity. Of the
probable extent of the deficiency it would be pre-
mature to speak. The accounts from many part
of France, where the season is always much more
forward than here, are of a still more discouraging
character. Anxious inquiries into the condition
of the crops in Great Britain have come from the
other aide of the Channel ; and the replies will
certainly not tend to allay the uneasiness felt
there. At Paris on Saturday there was a con-
tinuance of cold rain.

It cannot excite surprise if these considerations
are weighing upon the funds, both in England and
France, exciting the watchfulness of the monetary
world, and inducing caution in every department
of business. A deficient harvest in either country
—much more so in both—would instantly disturb
the money market and embarrass trade. It is true that
France could sustain a considerable drain for pur-
chases of grain in other countries, the stock of
gold in the National Bank being extremely large ;
but the very fact of the accumulation of so large •
mass of treasure attests the stagnant condition of
French trade ; and we may be sure that if enter-
prise has refused to revive under the stimulus of
an abundance of unemployed capital, its depression
would be aggravated considerably by the introduc-
tion of a new cause of disquietude. The amount
of bullion in the Bank of England (16,194,5691.),
though quite adequate to all our immediate re-
quirements, is not so large as it has been ; and it
is manifest from the general position of the money
market that a drain of gold outwards would be im-
mediately followed by a considerable rise in the
value of money here.

Considering these unfavourable contingencies—
the operation of which, however, even if they be
not modified by more propitious circumstances,
applies rather to the future than to the present—
the condition of our internal trade continues good,
but the tendency is less satisfactory than of late.
The amount of business going forward in the seats
of the cotton manufacture is very large, and the
operatives are fully employed ; but the Manchester
market, in which the produce of all this industry
is disposed of, is still characterised by depression.
Some of the local reporters think they can discern
signs of • revival in the demand for goods for ex-
portation to the Kest, but any alteration is
of a very partial character, and prices in
many instances are quoted slightly lower than
in the previous week. It must not be overlooked,
however, that the decline which is still taking
place in the price of cotton will enable manufac-
turers to consent to a reduction in prices, and yet
to get • fair profit. The concessions already made
by them appear to meet the views of buyers for
some of the minor markets, such as those in the
Levant, and business in that direction has accord•
y increased.
At Liverpool during the last week • fresh re-
duction of id. to id. per lb. has taken plate in
the price of cotton, and holders are still pressing
sales. The computed stock is no less than
1,334,610 bales. Another very large crop is
looked for in the United States.
The accounts from several of the woollen dis-
tricts, including Leeds and Huddersfield, report
rather more activity. In some quarters we are
told that the high price of wool has brought a
portion of the machinery to a stop, and in others
that the demand for manufactured goods is below
the production, causing an addition to the stocks; but
this condition of affairs appears to be exceptional,
and the general state of the woollen trade is
described as healthy. In the local markets the
price of wool has still an upward tendency, owing
to the prospect of a late and limited supply from
the new "clip." From Rochdale—• seat of the
amulet trade—we hoer of the tint local purchase
of the new " clip "of wool being effected by a
manufacturing firm at the unusually high price of
Is. 7d. per pound.
In the hosiery districts of Leicester and Not-
tingham trade is very dull, and in the latter a
number°f the workpeople are out of employment.
In some branches, including the lace trade, the
prospects of business have been greatly interfered
with by the long-continued cold and wet weather,
which, of course, restricts the choice of garments.

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