The Express.
London, England, 1866-01-02 00:00:00

1..
THE EXPRESS, TUESDAY EVFINEWG, JANIJARIr 2, '1866.

offered back to the subscribers in full unless a
, settlement be granted within a reasonable petriod
by the Stock Exchange Committee. This *lame
would obviate in future the hardship lately
inflicted upon subscribers, who, while see-
ing their property rendered utterly unmarket-
able as a consequence of acts of which they are
guiltless, and by which in fact they suffer heavily,
yet remain bound by all their engagements as
towards the company. For subscribers in this
position no loophole of escape seems to have been
yet devised. If they have sold their shares they
cannot force the buyer to a settlement, and if,
acting in a bond fide spirit, they have deferred
parting with them, they cannot now sell them at all;
yet they are bound to pay up to the entire amount
of their nominal subscription. It is an anomaly
and an injustice in joint-stock companies' law and
in the practice of the Stock Exchange that hard-
ship of this kind should be permitted.

OUR CONTEMPORARIES.
(THIB DAT.)

statute fait another trinity of the same title, but of a widely
different scope and purport, which shall in effect, though
not perhaps in terms, provide for the surrender of political
offenders. In the interests of goodwill and of a cordial
understanding between neighbours, it is well that the
French government should be made to clearly understand
once for all that no possible English government could ever
consent even to discuss such extradition under any disguise
or equivocation.
The Star accepts the communitpol in the Opinion
Rationale, as an explanation of the grounds on which the
French government purpose to put an end to the treaty.
We require and always shall °Defines to require the
production of some evidence of a man's guilt to justify his
extradition while the French government insists that it
ought to be enough for no if a proper warrant be produced
and the identity of the person named in the warrant be
established.

Discussing the state of our highest courts of appeal, the
Times finds it to be such u to easily explain why Lord
Russell has attempted to apply some remedy in the m-
otion of a new law lord; but, nevertheless, it unfortunately
happens that Lord Hominy's nomination promises little for
the public service. Other considerations than those of the
public good must have infinenoed the government in ap-
pointing • judge whose decisions are continually and often
gamest ully appealed against before the Lords Jus-
tices to sit in his turn u • J•dge of Appeal over them.
The problem of reoonstituting the highest ooart of appeal
remains unsolved, and presses imperiously for solution.
Thetrue remedy seems to lie in • modification of the pro-
posal which the Lords rejected with so much energy some
years ago, and which should attach the peerage to the
highest judicial offices in the same manner as it is attached
to the episcopal sees.
The Post puts in a claim for Sir William Hutt in regard
o the authorship of the treaty of commerce with Austria.
and contends that, from a misinterpretation of his with.
drivel from Vienna at • time when the negotiations were
apparently at their height, he has not received at the
hands of the public and the press of England the gratitude
be has merited.

LATEST INTELLIGFACE.

.•14` (ururnes Tr.zioaemi.)

AMERICA.
(Per the City of Bootee, •ia Aviles Point.)
NEW YORK, Dm 23, Moaswo.

The provisional governor of South Carolina has
been removed, and the governor elect has been
directed to assume office.
President Johnson has sent to the Senate the
nomination of the ex-member of Congress L. D.
Campbell, as Minister Extraordinary to the
Mexican Republic, vice General Logan, who lin
declined.

Mr. Bigelow, minister to France, has been noml•
nated for congressional confirmation.
The Senate has asked President Johnson upon
what charges Mr. Jefferson Davis is detained in
Fort Monroe, and why ho is not tried.
In the Senate, Mr. Wilson stated that, although
he believed the rebels were committing outrages
against the freedmen, he had no issue to make upon
the subject with the President, with regard !to
whose honesty and patriotism he had no misgivings.
The democratic party would look in vain for a con-
ilia of the republican party with the President in
the house.

Mr. Raymond in a powerful speech controverted
Mr. Stevens's doctrine, that the rebellious States
were out of the Union, but contended that they
should give a new guarantee before being admitted
to congressional representation.
Congress has adjourned until January 5.
The apprehension of negro outbreaks in the
South is increasing with the approach of Christ-
mas. The authorities are prepared to quell any
disturbance.

The New York Herald strongly advocates the
liberation of Mr. Davis on the ground of his re-
presenting millions of men who believed themselves
oppressed, and rose in the spirit of freemen.
The Southern members of Congress elect have
held a meeting, in which they resolved to return
home. They will again assemble in Washington
on the 4th of March.

The Secretary of the Treasury is staying in New
York. It is not believed that he will place a loan
onthe market.

PO3II3CRIPT.

The report of Carl Schnrz to the President upon
the condition of the South represents the people as
generally submissive, but not willingly loyal—they
show no national feeling and have no American
sentiment. The negro has been reduoed to a con.
dition of practical slavery.

eurroundimi the person of the sovereign with the
elements of sounder government. This is the only
object withal) diplomatic action could seek to effect.

THE CALCUTTA AND CHINA MAIIB.
8011THAXPION, Jar. 2.

The Peninsular and Oriental Company's steamer
Ripon, with the above mails, passed the Needles at
10.55 a.m. to-day.