The Express.
London, England, 1867-06-11 00:00:00

BptARICS.

"duce yesterday barometrical pressure has decreased in the
south and south-west, but has Increased in the east, where It Is
still rising. Winds are light and variable, and temperature has
lucre.used in the south. Weather is tine.

FASHIONABLE CONCERTE.—" A Warning Voice"
is heard in the correspondence columns of the Times on the
subject of the fashionable concerts at which money will
be received, directly or indirectly. On Thursday evening,
June 13, a ooncert in aid of a charity will be given at the
house of the Right Hon. W. E Gladstone. and tickets,
price one guinea, are now being sold on the premises. On
Wednesday evening, June 26, an evening concert will take
place at the town residence of the Earl of Dudley, for
which tickets, one guinea and half a guinea respectively,
are on sale in the usual way at Mr. Mitchell's, Out Bond-
street. On Saturday next, June 15, a Matiele Musicale
will be given at the house of Mr. J. A. Arbuthnot, in
Eaton-square' for which tickets, price one guinea, can be
obtained at Messrs. Hopwood and Crew's, New Bond-
street. On Tuesday, June 18, a morning concert will be
given at the Earl of Dudley's, for which tickets, "stalls
one guinea, reserved seats 10s. 6d., can be obtained of
the principal musicsellers ;" and on Tuesday, June 25, a
similar morning concert will be given at the house of
Miss Burdett Coutts, for which tickets at the same priors
can be obtained at Mr. Mitchell's library. "This is a fair
list," says the correspondent, "of illegal announcements
to appear in one copy of the Times, especially at a
period when so much attention is drawn to the defects
of musical and dramatic licenses. The act under which all
the above illustrious and highly respectable persons will
be liable to be prosecuted, I need scarcely say, is the 25th
George IL, cap. 36, an act under which all these otherwise
irreproachable dwellings would be branded as ' disorderly
homes.' This act of parliament (the Music and Dancing
Act), like the 6th and 7th Victoria, cap. 68 (the Theatrical
Licensing Act), has been condemned by &select committee
of the House of Commons, which sat and reported last
session ; and Mr. Walpole is understood to have got a bill
framed to amend these objectionable acts, but while he is
choosing his time to introduce it very disagreeable pro-
ceedings mat be taken against those who break the exist-
ing law. The largest music-hall proprietors in London
have just been fined nearly 4001. for overstepping the
narrow line which divides ballet from pantomime, and
there are one or two organisations determined to show the
wactical defects of the two acts of parliament alluded to
by repeated prosecutions."
BRITISH SCULPTURE AT ROME.—Among the Bri-
tish sculptors now settled in Rome, Mr. John Adams has
the prospect of achieving • most successful career. His
studio has presented several works of great public as well
as artistical interest this winter. In the first rank is to be
placed the statue of Mr. Gladstone, which he is executing
for the Corporation of LiverpooLand which, when finished,
is to stand in juxtaposition with the statue of Sir Robert
Peel in St. George's-hall. The statesman, who stood
for Mr. Adams several times during his late visit to
Rome, is represented in the dress and robe which
mark his office as Chancellor of the Exchequer.
In his left hand he holds the budget of the nation,
while his right, raised to the breast, is ready to add the
expression of gesture to the eloquence of words. Resem-
blance, simplicity, and dignity are the principal character-
istics of this striking figure. Mr. Adams is reproducing in
bronze the bust of Mr. Gladstone, together with one of
Lord Brougham—a most remarkable work for unflinching
truthfulness in form and expression, and a capital likeness
of Mr. R. Cobden, for Mr. Isaac Holden, M.P. for Keith-
ley, in Yorkshire, for whom he is also casting in bronze
the vigorous group of Orestes and Pyladee carrying
off the statue of Diana, which gamed him the
honour of being sent to Rome by the Royal Academy.
These works will be exhibited on the opening of the new
buildings of the Academy, in company with a charming
bust of Miss Rosy Rapley, which Mr. Adams has promised
to complete in time. Among the Biblical and poetical
subjects to be seen in his studio are Pharaoh's daughter,
wearing on her brow the Egyptian emblem of purity and
power ; a group in clay of the Widow and her two Sons,
pouring out the oil so miraculously multiplied at the inter-
vention of the Prophet Elisha ; three figures skilfully put
together, and carefully studied in the details; the Lady
of the Lake watching the departure of Fits-James;
Elaine, from the Poet Laureate's 'ldyls of the Kings ;"
and many other works calculated to give great pleasure for
the present and great promise for the future. —Correspon-
dent of the "Post" at Rome.
A MADMAN IN • RAILWAY CARRIAGE.—The
&slue Public relates a fearful scene which took place a
few days back, between the stations of Risley and Dijon,
in • third chins carriage of a train on its way from Paris to
Lyons. Among the passengers were three foreigners, sup-
posed to be natives of Flanders, who had been conversing
exclusively among themselves in their own language during
the earlier part of their journey. About 11 at night the
majority of the travellers were dozing, when suddenly the
silence was broken by one of the strangers, who
waking up in a state of raving madness, broke out into the
most horrible cries, and falling upon his fellow passengers
commenced striking and biting them right and left. A
panic ensued, in which the travellers climbed over the
partition into the adji i ling compartment, followed by the
madman, still striking and biting those whom he could
reach. Some persons, in their terror, opened the door and
took reft.ge on the ledge outside, although the train was
going at full speed. At length a mauve, more courageous
than the rest. closed with the lunatic, and after a struggle
in which his band was bitten severely, succeeded in push-
ing him out of the door and on to the line. The passen-
gers arrived at Dijon in a state of mind which may be
easily imagined, and had their wounds dressed by the
surgeon of the station, who had some difficulty in con-
vincing them that the bites were those of a madman, and
not from a person suffering from hydrophobia. The above-
named journal does not say what became of the assailant
afterwards.

NEWSPAPER SIGNATURES IN FRANCE.—The
na-
tures make a notable difference between French newspapers
and ours, not in form merely, but also in substance. It is
obvious that the proper name at the end of an article has
some influence on its style. A man who signs what he
says to the public, will naturally be more prudent and
courteous than one who speaks unknown from behind the
broadsheet. Compare, as is right, our neighbour's hest
with our own best. In the one there is • tone of high
breeding which the other scarcely condescends to use.
Anything sharply said, even to the verge of coarseness,
seems to us well said, if we be but convinced that it is well
deserved. Justice in substance, as we reckon it, atones for
many sins of form. The French journalist signing his
name, writes as he would speak within bearing of his ad-
versary before • select assemblage of well-bred critics ; his
politeness in the use of his weapon serving at times to
sharpen its sting. The English journalist shrouded behind
his editorial "we " uses no polite circumlocution. He
speaks the strong, fearless, authoritative language of •
nblo functionary fulfilling a public duty. This is the
public re
we understand and like, and therefore it is
It is best spoken anonymously.—Ziora Brigid&
°L, ice June number.

EXCLUSION Or THE CLERGY TROY THE Housit
or COMNOICIS. —lt is said that the House of Com-
mons is exceedingly unfriendly to any discussion on the
principle of Horne Tooke's act. When Mr. Bouverie, some
year. ago, soughs to relieve clergymen from certain dis-
abilities, the house retained the exclusion clauses of 1801,
in the ball. As a rule, the House of Commons will legis-
late only from =malt), and never will see the necessity
until it ls urgent and dangerous. It is higher wisdom to
take account of all forces, to give them all a fair chance, to
let them take their place in the harmony of social life.
If the House of Commons persists in exhibiting itself as a
club, it will assuredly abdicate its functions, and commit
them to mom energetic and less responsible hands, as un-
fortunately it has already done to • great extent. This
to treating a question of disfranchisement or poli-
tical disability is all the more impolitic, if, as is generally
believed, the house would not refuse to entertain the
question should it come practically before them. It is
difficult to conceive that it could successfully maintain the
exclusion of the clergy from a seat in the house after •
bout Me return, and if the constituency were resolute.
When the house was far more despotic than it now is,
the repeated election for Clare made it impossible to
retain the disabling statutes wind the catholic,.
The continued return of Baron Rothschild for the at ut
London did similar service in removing Jewish disabili-
ties. The house cannot descend to • contest with a oon-
stituency. Such a course is at once undignified and de-
structive; the former, because a great assembly cannot be
compromised by the introduction of • few men whom
it may not like ; the latter, because it affects to control
that freedom of choice by which, and by which alone, the
Reuss of Commons does exist, and can command respect.
If indeed at some future time time the question is raised
anew, and the act of 1801 be repealed, it would be unjust
to exact a formal renunciation of the clerical status. This is a
needless invasion of conscience. But the legislature may, and,
perhaps, should adopt the suggestion made by Tooke him-
self, by disabling all such persons as might be elected
from receiving any benefice from the Crown or its mina-
ten. There is enough and to spare of intrigue in the
career of lawyers.— Fraser's Magazine for June.
ORTIRAL PALACIL —OWN SHILLING DAY. —MON-
DAT, Jo= 10.—Adanissiens ea payment, 31,715 ; ditto by
mama tickets, 1,809 ; total Aiken, 33,524.

MONEY MARKET.-(THIS DAY.)

OM OVLOOIL

The improvement in the weather, the drooping
tendency of the discount market, and the decline
in the value of corn, have had a very favourable
effect to-day upon the markets for public securities.
The amount of business is considerable, and con-
sists ahnost entirely of purchases. Prices have
consequently improved in many cases. The trans-
actions would probably be still more numerous, but
for the circumstance that the fortnightly settle-

ment will commence to-morrow. The English
funds are in very active request, and have
been bought to a large extent both by speculators
and bona fide investors. The present quotations
are fully per cent. higher than those last current
on Saturday. The advance in most of the British
railway stocks amounts to to 1, but Brighton is
nearly 2 per cent. better. Several of the foreign
bonds participate in the upward movement, and
banking, financial, and miscellaneous shares are
inquired for.
The supply of money in the discount market to-
day is very large, while the demand is extremely
moderate. The quotation for choice bills is 2i per
cent. In the Stock Exchange short loans on
English government securities are offered at 2 to
24 per cent.
Consols are now quoted 94,1 to 4, ex div., for
money, and 944 to !, ex div., for the account
(July 10) ; and the Three per Cents. Reduced and
New Three per Cents., 93f to 1.
The government broker has bought to-day
13,0001. New Three per Cents. for the Sinking
Fund, at 93f.
In the foreign stock market there is good de-
mand for Turkish of 1862 and 1865, as well as
Italian of 1861, which have improved b to I per
cent. Creek !fonds are 4 better, while Spanish
Certificates have declined 4, and Passive, e.
Turkish Bonds of 1882 are quoted 60 to 61 ;
ditto Five per Cents. of 1865, 34i to ; Greek,
IQ to 16; Spanish Passive, 244 to ; ditto Certifi-
cates, 14f to 15 ; Italian of 1861, 524 to l ; and
Mexican, 161 to 174.
The market for bank shares is firm, but London
and Westminster have declined it., viz., to 107
to 109 ; Imperial Ottoman are quoted 4 to I die.;
Alliance, 74 to lit die. ; and Union of London,
44 to 45.

Financial and miscellaneous shares are in re-
quest. International Financial are quoted 1 to
11 dis. ; London Financial, 19 to 18 dia. ;
General Credit, 1 to 11 dis. ; and Credit Foncier,
51 to 51 dis.
United States 5-20 Bonds are unchanged, at 721
to 73 ; but Erie and Illinois Central Railway shares
have risen Ito per cent., viz., 401 to and 781 to
791, respectively.
Anglo-American Telegraph shares are steady, at
181 to ; and Atlantic Telegraph Eight per Cent.
Preference at 41 to 4.

The Council of India will receive tenders on the
19th inst. for bills on India to the amount of
27,00,000 rupees.

The City of Baltimore has arrived from New
York with 21,0001. in specie, and the Hansa, from
the same port, with 16,5001.
The third ordinary meeting of the Ebbw Vale
Company (Limited) will be held on the 28th inst.,
to receive a report from the directors.
The interest due on the bonds of the Imperial
Mexican Railway Company, for the year ending
the 15th inst., will be paid on that date.
During the next few weeks the amount of the gene-
ral circulation may, perhaps, be somewhat curtailed,
through the increase of payments on revenue ac-
count into the Bank—a process which in ordinary
times causes enlarged applications to be made to
that establishment for loans and advances towards
the close of each quarter. A further influence
will be exercised by the usual endeavours of the
joiLt-stock banks to pile up large balances, in order
to put a good face upon their accounts at the end
of the half-year. In the present condition of the
market, however, it is probable that the effect thus
produced, besides being merely temporary, will be
much less than usual ; for every one feels that the
influences which have occasioned the present low
value of money are still in full operation, and that,
consequently, the tendency of the rates must still be
downwards. Mercantile business shows no sign
of revival, and, even were such to take place
suddenly, some time would have to elapse before
the rates of discount would respond. Trade cannot
easily recover from the paralysis with
which it was stricken by the panic of last year
and by the unwarrantable infliction of a most
exorbitant rate of money for three or four months
together, under • too stringent interpretation of
the provisions of the Act of 1844. As to specula-
tion, it is prostrate, and we have actually arrived
at such a pass that, in view of the complete inabi-
lity of trade, checked as it is by the causes already
referred to, to absorb the vast mass of money now
thrown out of employment, people are actually
beginning to look with considerable complacency
for those invitations to lend money to the foreigner
which always come thick and fast upon the market
at times like the present. It is not the least of the
faults of the Bank Act that, by promoting alter-
nately a famine or a plethora of money, it
helps to cause our hard-earned savings to
be flung broadcast over the world, confirming
foreign governments in thriftless habits, and con-
tributing to the maintenance of armaments which,
besides eating into the springs of industry, supply
but too readily the weapons for ambition and the
means of slaughter.
At the moment there is nothing—not even
foreign loans—to absorb our surplus balances, the
already inconvenient amount of which seems likely
to be increased by the constantly incoming supplies
from Australia and America. There is at present,
it is true, a moderate demand for gold for export,
but it is not large enough to absorb what is ex-
pected. Yesterday's advicea from New York an-
nounce the shipment for Europe of a further sum
of 300,0001. in specie. It seems certain, therefore,
that, apart from any temporary influence that may
possibly be exercised by the demand at the
turn of the quarter, and always putting
on one side such • contingency as a bad harvest,
gold must continue to accumulate in the Bank,
and our store of idle money must still increase.
Probably it is as yet too early to attempt to descry
the channels in which the accumulation will be
ultimately diffused. Perhaps some novel form of
speculation—some new mania—may arise ; but,
in the existing cautious temper of the public, fresh
from their recent sharp lessons, there is no early
prospect of this. What seems most likely is that,
should no important change tako place in politics,
the public, gradually conquering their indisposition
to invest, and spurred on by the natural desire to
obtain a fair rate of interest for their money, will
continue to absorb, at steadily rising prices, all sound
securities against which no prejudice has been
excited. This process may be expected to go on!
until the best class of securities shall have reached
prices at which the earlier buyers will be disposed
I to sell and realise their profits, and at which the

-ieneral will feel no further temptat:•n,
Then, with the occasional interlude of a few
foreign loans and joint stock speculations, secu-
rities of a secondary, and of still inferior classes,
will come into favour, and be raised in price, until,
under the encouragement imparted by the many
millions added t. Ow nominal value of their st.ek
and share property by this market movement—and
an irustration of which was given in the rise last
mi nth of about thirty-five millions sterling in the
market value of the British funds alone—the way
will be prepared for some fresh development of
speculation.

At the meeting yesterday of the Nerbudda Coal
and Iron Company (Limited), resolutions were
passed approving of the proposed arrangement with
the East Indian Railway Company.
The adjourned half-yearly meeting of the Lon-
don, Chatham, and Dover Railway Company, fixed
for the 17th inst., is to be held pro furioul only on
that day, and to be further adjourned till the 27th
inst. The meeting will then be made special, to
consider a bill now before parliament, entitled " A
bill to authorise the London, Chatham, and Dover
Railway Company to raise a sum of money for the
satisfaction of certain claims, to suspend other
claims, to authorise the union of the various sec-
tions of the company, and for other purposes relat-
Wto the undertaking of the company.'
reference to the Untie by the Dutch Rhenish
Railway Company of 25,000 new shares of 240
florins each, at par, created under resolution of
the special general meeting held at Utrecht on the
6th inst., it is intimated that holders of fully paid
shares endorsed to " bearer" or " blaaeo," wishing
to participate in the new issue, may be supplied
with the requisite conditions and forms on appli-
cation at the London office.

Vice-Chancellor Wood has appointed Mr. W.
Moates, of Mourgate-street, to be official liqui-
dator of the Isle of Wight Ferry Company.
A notice has appeared, signed by a number of
shareholders in The London (Limited)," inviting
an extraordinary general meeting for the 13th inst.,
" for the purpose of considering the expediencx
of appointing other directors of the company.
The advertisement states that these shareholders
are net less than one fifth in number of the mein-
bets of the company, and that this step is adopted
in consequence of the directors not having con-
vened a special meeting in pursuance of a requisi-
tion to that effect.

A general meeting of the Suez Canal Company
is convened for the Ist August, at Paris.

---
MINES-(THIS DAY.)

Ors oTioas.

The mining market is very active to-day, and
the general tendency of prices is upwards. Shares
in tin mines are in prominent request,
owing to the announcement that the price
of Banca in Holland has improved to 53
guilders. Subjoined are the present quotations :
Great Vor, 19 to 20 ; Wheal Basset, 67} to 70 ;
West Chiverton, 674 to 70 ; West Kitty,
17s. 6d. to 225. 64.1. ; East Rosewarne, ss. to 10s. ;
Wheal Beton, 120 to 125, cum div. ; Marke Valley.
41 to 5 ; Chiverton Moor, sto ; Rest Lovell, 8*
tot ; North Chiverton, 4 to ; and Prince of
Wes, 575. 6d. to 60s.
Foreign and colonial mining shares are firm.
St. John del Rey are quoted 62 to 64 ; Don
Pedro, 30, to ;"; prem. ; Anglo-Brazilian, to
rhem. ; Rona Grande, 7-16 to 9-16 ; Pestarena,
to 1 prem. ; Anglo-Italian, to 4 prem. ;
ontales, } to !I prem. ; Frontino and Bolivia,
7-16 to 9-16 ; and Port Phillip, / to 1.

RAILWAYS.-(THIS DAY.)

Oita o'CLocti.

The railway market is buoyant to-day,
and prices show an important rise. Brighton
stock has improved 11 per cent. • Metropo-
litan, Great \Western, Great Eastern, and.
Great Northern A, 1; South Eastern, • London
and North Western and Midland, I ; eencashire
and Yorkshire, North British, and Great Northern
(original), ,; London, Chatham, and Dover, f. Lon-
don and North Western stock is now quoted 117 to
; Metropolitan, 1271 to 128; Great Western,
47 to .1 ; Midland, 116 to 4 • Lancashire and
Yorkshire, 129 f to jr; South If: astern, 69 to it;
Great Eastern, 33i to 34 ; Great Northern, 117 to
118 ; ditto A, 116 to 117 ; London, Chatham, and
Dover, 19 to ; North British, 343 to 351 ; and
London, Brighton, and South Coast, 65 to 66.

IForstaday's Share List see page CI