The Express.
London, England, 1860-08-27 00:00:00

THE EXPRESS, MONDAY EVENING, AUGUST 27; 1

shilling added to the price is this market
enlarges the axes of the foreign grain-pro-
ducing districts that can be made available for ear
wants. For example, a certain ;nice is sufficient
Ito bring corn over from the United Stales ; a
taro advance upon that price brings it from
hundreds of miles in the far interior ; and a fresh
bid in advance causes the carrying capacity of all
the railways, rivers, and canals in the remote West
tp be tasked to its extremest point.
There is no doubt, therefore, that we shall be
fed, for the food exists, and we are well able to
pay for it. The question of the cost to us is
narrower, yet very interesting, for it is the peen •
liarity of a drain in payment for corn that it has to
be met within a limited period. For the time,
therefore, the pressure becomes the more severe.
Looking at the position of the Bank of England,
and of financial and commercial matters generally,
it is obvious that we are not in a condition to pay
away some millions suddenly without inconve-
nience. It can scarcely be doubted that the Bank
of England would act promptly and raise the rate
of discount, the more especially as there are signs
that the capacity of the discount market generally
is already sufficiently burthened. We have some
very extensive engagements open just now. We
bold 1,127,000 bales of cotton, worth say 101
millions sterling, against only 665,000 bales,
worth perhaps 6/ millions, at this date last year.
We are obliged to wait much longer than we had
anticipated for returns for the large quanti-
ties of goods sent to India and Australis,
having, in fact, committed the mistake of sending
so many that they cannot be sold. The obligations
already in prospect for the supply of money for
the China war, for the service of the Indian
Government, and for Indian railways, must like-
wise not be lost sight of. Other considerations

equally tending to caution are presented by the
state of politics on the Continent. It is perfectly
easy, therefore, to account for the vigilance which
is at present shown by the mercantile community.
The clouds may perhaps blow over, but our
prospects at present are decidedly doubtful.
The accounts received from the provinces during
the last week report no improvement in trade, but
the reverse. The advice* from the great Eastern
markets are still unfavourable, but the principal
restraining influence is exercised by the state of
the harvest prospects. The home demand for
many kinds of goods is checked. At Manchester
business has been below the average, and the
prices of manufactured goods, particularly of those
suitable for India, are still declining. The most
cheerful reports are again those received from the
woollen districts, where employment is good, and
unaccompanied by any important accumulation of

stocks. The coldness and rawness of the season,
one might imagine, would tend to stimu-
late the demand for woollen fabrics, although
checking that for many other lighter articles. We
find accordingly that in the lace and hosiery trades
at Nottingham there are great complaints of the
slackness of business, and a large number of
people are thrown out of employment. At Lei-
cester, however, some considerable shipping orders
engage attention. In the Midland iron and hard
ware districts a certain degree of depression is also
observable, although manufacturers have not been
compelled to discharge their workmen. The York
shire iron trade, however, appears to be more
favourably situated, owing partly to orders from
Government for making ordnance, combined with
a good demand for plates for shipbuilding pur-
poses, and for rails for exportation.

We have alluded on former occasions to the
embarrassment entailed upon the retail dealers in
many articles of manufacture, such as drapery and
hosiery, as well as ribbons and other fancy goods.
In consequence of the loss of the spring and sum-
mer trade goods have not met with the usual sale,
and the payments falling due cannot be met. The
default of the retail dealers, or indulgence asked for
by them, presses upon the resources of the whole-
male houses, and although many of these are pos-
sessed of great wealth and excellent credit, others
are leas fortunately situated. There is, therefore,
a prospect of many small failures this autumn and
winter. The Usts of bankrupts in the Occeltt are
already becoming longer. Nor is it probable that
wholesale dealers will entirely escape. There is
nothing in these points to affect confidence in the
general condition of trade, but its course is be-
coming more chequered.

the eCOUrt.
BALMORAL. AtGUST 24.
Her Maillty, accompanied by PribCORN Louise
sed Priebe Leopold, rods with the Piles Consort to the
Moss of Monaltrie, where his Royal Highness shot grouse
yesterday afternoon.
There was no addition to the royal dinner party.
Prince Arthur, attended by Major Slphinstone,
vest to IA in the Gelder.

AUGCBT 25.

Her Majesty and the Prince Consort, accompanied by
Princess Alice and Princess Helena, drove yesterday to the
Dorris Sheol, and rode up to the top of Muich Dnie, and
visited Loch Avon on their way down.
The royal party left Balmoral at half.past t) a.m., and re-
turned at 10 in the evening.
Prince Arthur and Prince Leopold drove to Lich Callan,
attended by Hajar iflphinstme, R.E.
Princess Louise drove to the Linn of Dee.

The Queen will bold a Privy Council this day (Monday]
4 BelmoraL

A Cabinet Council was held on Saturday
at the official residence of the First Lord of the
Treasury, in Downing-street. The Ministers pre-
sent were Viscount Palmerston, the Lord Chan-
cellor, Earl Granville, Sir G. C. Lewis, Sir Charles
Wood, the Chancellor of the Exchequer, the Duke
of Somerset, Sir George Grey, Lord Stanley of
Aldierley, the Right Hon. T. Milner Gibson, the
Right Hon. Eoward Cardwell, and the Right Hon.
C. P. Villiers.

Daspaksbes for the Governors of the North American
Provisoes, Gibraltar, and Malta were sent on Saturday from
the Colosiabofilce.

LATEST INTELLIGENCE.

THE EAST.
PARIS, MONDAY.

The Sultan, in authorising his ambassador at
Paris to sign the protocol of the 3rd instant, which
is to be converted into a convention, imposed the
condition, however, that the protocol should con-
tain nothing which might involve the idea of foreign
intervention in the interior affairs of Turkey. It
was for that reason that the wishes of the great
powers respecting the measures to be taken for
ameliorating the condition of the Christian subjects
of the Porte were embodied in a second and sepa-
rate protocol. The protocol, by the distinct
reserve of the Turkish Ambassador, was not to be
inserted in the convention. Russia, nevertheless,
insisted that the convention should recall and con-
firm the promises given by the Porte at the Con-
gress of Paris in favour of the Christians. The
divan refused to accede to this demand, which it
declared would constitute an act of intervention in
the interior administration of Turkey. The Porte,

however, declares that, acting in the full exercise
of its sovereign independence, it will use every
effort to fulfil the wishes of the Christian powers.
These preliminaries have delayed the signature
of the convention, upon which, however, all the
powers have now come to an agreement.

CAPITULATION OF REGGIO--SURRENDER
OF TWO NEAPOLITAN BATTALIONS.
TURIN, SATUIDAT Num?.
A despatch received here from Reggio announces
that on the 21st instant Garibaldi obtained another
victory over a body of Neapolitan troops who had
retired into the citadel.
General Conn; with a considerable force, had
crossed the Straits at Fuimicino.

CAPITULATION OF REGGIO.
PALERMO, Amer 23 (vu GraroA).
The fort of Reggio capitulated on the 21st.
The Neapolitan garrisoh is allowed to leave with
muskets and personal baggage only.
After a short fight the Garibaldians have occu-
pied the Villa San Giovanni.
Two Neapolitan brigades, Melandez and Bri-
ganti, have surrendered at discretion to General
Omens.
The Garibaldians are masters of their artillery,
arms, kc., and of Fort del Pizzo.

NAPLES.

NAPLES (v Marseilles), Avoca. 21.

Moderate candidates, opposed to annexation to
Piedmont, have presented themselves fur election
to parliament. Generals Ulloa and Pianelli are at
their head.

Conflicts have taken place between Neapolitan
soldiers and some bersaglieri who had landed from
Sardinian vessels.

The villa of Count d'Aquila and several other
houses have been searched by order of Minister
Romano, but nothing was found to prove a con-
spiracy.

EXPRESS FROM PARIS.

(nom oul owit comarospirsr.)
PARIS, ERTSDAT Evixixo.

The Patrie announces that the Emperor, before
his departure, signed the decree re-constituting the
oompany of the Napoleon Docks on a new basis.
Prince Napoleon, who ham just returned from a
flying visit to Switzerland, is shortly going to Eng-
land in his yacht the Canard. It is said that the
object of his journey is to study agriculture, and
that he will visit several large farms incognito.
The church of the Oratoire was crowded this
afternoon with a fashionable congregation of Eng-
lish residents, the fair sex greatly predominating,
to hear Dr. Cumming's sermon on prophecy, as
applicable to the destiny of Great Britain. He
made out, with a force of demonstration which,
backed by many learned quotations and the free
use of Hebrew roots, defies any impromptu
contradiction, that within the next seven years
the English government will collect together all the
hooknosed, dark-complexioned, black-eyed denizens
of Houndsditch, St. Mary-axe, Cursitor-street,
give them a free passage to Jerusalem, and put
them in possession of the Holy Land. To arrive at
this result the reverend doctor is obliged, though
he regrets it, to do considerable violence to the
authorised version of the Holy Scriptures. He
shows that where Ezekiel is made to denounce
calamity by the use of the word " woe " he in
reality mean " Ho !"—a rallying cry, that "ships
made of bulrushes" mean steam vessels, that
"Tarshish " is England, that "seven times " means
360 multiplied by 7, and that one of the prophet's
lions means the British lion on the Queen's coat of
arms. These interpretations being granted,
it is ;node plain to the meanest capacity that
England is the nation predestined to restore the
Jews to their inheritance, and to " present" them
on Mount Sion as an offering to the Lord of Hosts.
These things are to take place sooner than Dr.
Cumming would " dare" to say in public, but he
gives it to be understood that 1867, when according
to his calculation the world will be just 6,000 years
old, is the very outside of the time. We are at
this very hour, to use a poetical expression of his,
on the " Saturday night of the world's long dreamy
week." The two great apostacies, Popery and
Mahometanism, are tottering to their fall, the
rotten branches of the vine are about to he cut
away, and the end of the present dispensation is at
hand. Dr. Cumming's manner, perfectly free
from rant and passion, is that of a demonstrator
at a clinical lecture ; he appears, as I have no doubt
he does, thoroughly to believe the doctrines he
teaches, and was listened to throughout with the
most respectful attention.