The Express.
London, England, 1867-07-03 00:00:00

THE EXPRESS, WEDNESDAY EVENING, JULY 3, 1867.

denomination, would be tried by a court-martial,
and, if found guilty of belonging to such a band,
would be executed within four-and-twenty hours.
In other words, the troops of the Republic, which
were defending the independence of their country,
were to be treated as brigands. The decree did
nut remain a dead letter. Before the month was
out Colonel RAMON MENDEZ defeated at Santa
Ana Amatalan a Republican force of 1,000 men,
and took prisoners General ARTEAGA, General
SALAZAR, the governor of the department, and four
colonels, all of them belonging to the regular army
lof the Republic, officers by education and pro-
Ifeasion, who had fought for the independence of
their country from the time the French landed in
Mexico. General ARTEAGA was a well-known
patriot, of unblemished character, and the
honourable French journalist who announced his
capture in the Mexican newspaper, the Estafette,
testified of him, " he is an honest and sincere
" man, whose career has been distinguished by
" humanity." These officers, pursuant to MAXI-
MILIAN'S decree, were shot. The following letters
were written by the two Generals just before their
execution :

URI:A PAN, October 20,
.1/M.S.!,

My adored Mother,—l was taken lirisoner on the kith
inst. by the Imperial troops, and to-morrow I am to be
shot. I pray you, mother, to forgive tue for all the suf-
fering I have caused you during the time I have followed
the profession of arms, against your will. Mother, in spite
of all my efforts to aid you, the only means I had I sent
you in April last ; but 4104 i is with you, and he will not
suffer you to perish, nor my sister Trinidad. I have not
told you before of the death of my brother Luis, because I
feared you would die of grief ; he died at Tuxpan, in the
state of Jalisco, about the Ist of January last. Mother, I
leave nothing but a spotless name, for I have never taken
anything that did not belong to me ; and I trust God will
pardon all my sins and take me into his glory. I die a
Christian, and bid you all adieu—you, Dolores, and all the
family, as your very obedient son,
J./sE MARIA ARTEACA.
Dona Apolonia 31agallanes de Arteaga,
Aguas Calientes.
VRVAPAN, October 20, 1865.
Adored Mother,—lt is 7 o'clock at night, and General
, Colonel Villa Comer., with three other chiefs and
itity:er havejust rn
been condemned. My conscience is quiet,
I go down to the tomb at 33 years of age, without a stela
upon m military career or a blot upon my name. Weep
not, hut be comforted, for the only crime your son has
committed is the defence of a holy cause—the independence
of his country. For this I tun to be shot. I have no
money, for I have mired nothing. I leave you without a
fortune, but God will aid you and my children, who are
p.oud to bear my name. •• Direct my children and
my brothers in the path of honour, for the scaffold cannot
attsint loyal names. Adieu, dear mother. I will receive
your blessing from the tomb. Embrace my good uncle
Luis for me, and Tecla, Lupe and Isabel, also my name-
sake, as well as Carmelite, Malta, and Manuelita ; give
them many kisses, and the adieu from n.y inmost soul.
Many blessings for my uncles, aunts, cousins, and all loyal
friends, and receive the last adieu of your obedient and
faithful son, who loves you much, C.tair', SAI.A7.AR.

it
rostscripi.—lf affairiabould egange hereafter—and it is
possible they may—l wish my ashes to repose by the side
of my children, in your town.

In estimating the character of this act, let it
be remembered that these oflicers were on their own
soil, defending their country, while MAXIMILIAN was
a foreign adventurer—the puppet of an adventurer
—with a borrowed army. It is said that the
blood of MAXIMILIAN will cling to JUAREZ. Be
it so ; but to whom will the blood of Generals
ARTIACIA and SALAZAR cling? Let equal justice
be done ; MAXIMILIAN'S decree was nothing leas
than a general license of assassination. This
atrocious act provoked an immediate remon-
strance from the Belgian prisoners-of-war in the
hands of the Republicans, who thus wrote to the
Emrzeoe :

TACANBARO. October TS, 1865.
Sire,—We have learned with horror and dismay of the
act committed by Colonel Mendes, who, in efolation of all
the laws of humanity and war, has executed a number of
officers of the liberal army taken prisoners by him. In all
civilised countries military officers respect prisoners of war.
The liberal army—to which you refuse to accord even the
name of army—pays e greater reepect to those laws than
the leaders of your forces; for we, who are prisoners, are
respected by all, from generals down to private soldiers.
Were we nut with a genuine liberal force, the act of Colo-
nel Mender might provoke • blood? revenge ; and we
Belgians, who came to Mexico solely to order to act as a
guard to our princess, but whom you have forced to fight
against principles identical with our own, might have ex-
piated with our blood the crime of a man who is a traitor
to his country. We hope, sire, that this act of barbarity
will not remain unpunished, and that roc will mime the
laws existing among all civilised nations to be respected.
We protest most earnestly against this unworthy act,
hoping that the Belgian name will not much longer con-
tinue mixed up with this iniquitous war.
BNZUKR, GOTOT, FLACHAT, VAN HOLLENBECII,
And two hundred others.

No Mexican chief of Indian blood can surpass
the atrocities authorised by this Christian prince
of the most exalted family of the Old World.
M.aximiLialv's decree was issued in cold blood as a
piece of policy. In going to Mexico as a stranger
he must have expected resistance from the people
of the country, and ought to have been prepared
to meet it in a reasonable and humane spirit. To
treat it as an offence punishable with death was a
crime against nature itself. If it be true that
MA XIMILILN has fallen we must regret that his
enemies could not rise superior to their vindictive
feelings ; but if ever man provoked a just resent-
ment he did, and the measure with which he meted
is measured to him again.

Among the liberal members who voted against
Mr. H►dfield's motion last night to give another member
to Sheffield, were Viscount Amberley, Mr. Ayrton, Mr.
M. T. Baas, Mr. Baiter, Mr. Bouverie, Mr. T. Chambers,
Sir E. Daring, Mr. Ellice, Mr. Ewing, Mr.
Sergeant °sales, Mr. J. Goldamid, Captain Grosve-
nor, Mr. Hankey, Mr. Headlam, Mr. Hodskinson,
Mr. Hibbert, Mr. J. Kinglake, Mr. H. Lewis,
Mr. Morrison, Mr. Neste, Mr. Pease, Mr. Rebow,
Mr. Seely, and many others. Mr. Honfall, who succeeded
In the case of Liverpool, voted against the addition to Shef-
field. Lord E. Cecil, Sir W. Gallway, Lord Cranborne, Mr.
Sandford, and Mr. Schreiber voted in favour of the motion,
as did the best known of the liberal party. The conservative
members just mentioned voted also in favour of the motion
to give a new member to Bristol, and were joined by Mr.
Baillie, Mr. Dinisdale, Mr. Earle, Mr. D. Griffith, and Hr.
B. Hope. Mr. Lowe voted against Sheffield and in favour
of Bristol.

Lord Elcho, on Friday, will ask the Chancellor of
the Exchequer whether any provision has been made in
the new Foreign-offloe for the reception of foreign princes
who may happen to visit this country, and whom the
nation might wish to receive and entertain. Whether in
the event of no such provision having been made be is not
of opinion that a vote should be taken for such a purpose,
and, whether he does not think that it would be desirable
that a sum of money should be annually placed at the
disposal of tho government in furtherance of international
courtesies.

On the second reading of Increase of the Epis-
copate Bill, Mr. Hadfield intends to move "That it is
the opinion of this house that the sitting of the Bishops in
P►rliament is unfavourable in its operation to the general
interests of the Christian religion in this country."
On Monday Mr. Hadfield will ask the Chancellor
of the Exchequer whether the government have con-
sidered the policy of extending the system of cheap post-
age to all foreign and friendly governments willing to re-
ciprocate in this convenience, and to bear their proportion
of the cost of the same ; and whether any measures ere
being taken for such an arrangement.

To-morrow Mr. Sandford will aak the Secretary
of State for Foreign Affairs whether any information has
been received upon the subject of the alleged execution of
the Emperor Maximilian by Juarez ; and if there hut,

OUR CONTEMPORARIES.
(THIS DAY.)

the Court.

WINDSOR CASTLE, JrLY 2.

The Queen, accompanied by the Queen of
Prussia and Princess Louise, drove out yesterday after-
noon in a carriage and four. Countess Blucher had the
honour of accompanying their Majesties. Lord Alfred
Paget wan in attendance on horseback.
Prince and Princess Louis of Huse drove to Twicken-
ham and visited the Count and Countess of Paris, at York
House ; their royal highnesses also visited the Duke
and Duchess D'Aumale at Orleans House.

Princess Beatrice took a drive in an open carriage.
The Queen, accompanied by Princess Louise, went to
London this morning and visited the Princess of Wales, at
Marlborough-house. The Marchioness of Ely, Lady
Caroline Barrington, Lord Alfred Paget, and Colonel the
Hon. A. Hardinge were in attendance.
Her Majesty afterwards returned to Windsor Castle.
Princess Louise, attended by Lady Caroline Barrington,
remained at Marlborough-house.
The Queen of Prussia, attended by the Countess Sohn.
lenbourg, Count Neaselrode, and Dr. Brandis, left Windsor
this morning for London. Her Majesty drove from P►d-
dington to South Kensington Museum ; afterwards to St.
Bartholomew's Hospital, and from thence to Lambeth
Palace, where her Majesty honoured his Grace the Arch-
bishop of Canterbury with a visit, and remained to
luncheon.

In the afternoon her Majesty visited the Princess of
Wales at Marlhorough•house, and returned to Windsor
Castle at 7 o'clock.

Viscount Torrington was also in attendance on her
Majesty.
The Duchess of Roxburghe has succeeded the Mar-
chioness of Ely as ladyin-waiting.
_ _

Lord Crofton and Colonel the Hon. A. Liddell have
succeeded Visootuit Strathallan and Colonel F. Cavendish
u lord and groom-in-waiting.
The Marchioneu of Ely remains at the Castle on a visit
to the Queen.

VISIT OF THE QUELH OF PRUSSIA TO THE
WINDSOR I.THION.—On Monday, her Majesty the Queen of
Prussia, accompanied by her brother, his Serene Highness
Prince Edward of Sale Weimar, paid a visit to that excel-
lent receptical for the poor of Windsor and the surround-
ing parishes, known as the Windsor Union, situate in a
very healthy spot at Old Windsor, on the border of Wind-
sor Great Park. The illustrious visitors were received by
Mr. and Mrs. Pullin, the muter and matron of the insti-
tution, by whom they were conducted over the various
wards, as well as the kitchen, and other departments, and
before leaving expressed their highest approbation of the
cleanliness and admirable arrangements made for the com-
fort of the inmates.

The Queen has commanded (says the Owl) that
the " Life of the Prince Consort " should be forthwith
undertaken, and to the pen of Mr. Theodore Martin, the
accomplished translator of Goethe', ballads, her Majesty
bas committed the task.

Her Royal Highness the Princess of Wales was
able on Monday, for the first time since her illness, to take
an airing in the garden of Marlborough House ; and it is
the intention of her royal highness, should her health per-
mit of the exertion, to be present at the review on Friday
iu Hyde-park.

The Earl of Derby was considerably better yes-
terday.

Lady Herbert (of Lea) held her second reception
this season at her residence in Cheshani-place last evening,
and it was numerously attended. Previously to the re-
ception, Lady Herbert entertained the Duke and
Duchess of Argyll, the Duchess of Cleveland, the F.arl of
Clanwilliain, Viscount Emlyn, Viscount St. Asaph, the
Right Hon. Sir H. Storks, 0.C.8., Count Strzelecki, Mr.
and Mrs. lloford, Mr. Greville, &to., at dinner.
Mr. Bass, M.P., and Miss Baas entertained at
dinner last evening, at their residence in Eaton-square, the
Earl and Countess of Dundonald and Lady Louisa Coch-
rane, the Earl and Countess of &afield, Lord George Gor-
don Lennox, Lady Molesworth, the Hon. Edward Dawson,
the lion. Charles Hanbury Lennox and Mrs. Hanbury
Lennox, Sir Robert and Lady Collier and Miss Collier, Sir
Stafford and Lady Northcote, Colonel Napier Sturt, Cap-
tain Buller, Mrs. Forde, Mr. Arthur Baas, Mr. Harmer
Baas, Ae.

At the distribution of the Exhibition prizes on
Monday, the Empress Eugenie wore a dress of white
satin, the sleeves of silver gauze thrown back so as to
display her arms and bust. The skirt was fully and taste-
fully trimmed with glistening silver and tulle. On her
neck lay a magzdfloent necklace of diamonds, the front
consisting of riMires of diamonds ; her head wreathed
with a coanntaeof small green velvet leaves, from which
rose her coronal of diamonds, an ample tulle veil falling
from the back of this coronal covering her shoulders. The
Sultan wore a dark blue uniform, the sleeves of which
were a ma's of gold embroidery. He removed his
scarlet fez. Princess Clothilde was coiffee with masses of
curls, which fell over the leek of her head from a splendid
comb and wreath of diamonds.

Mr. Preece, the Southampton superintendent of
the Electric Telegraph Company, has been awarded •
medal at the French Exhibition for his well-known inven-
tion for effecting • oommanication between the passengers
and guard of a railway train. His invention for protect-
ing the handles of the apparatus from being tampered with
by mischievous persons has been universally adopted by
the French railway authorities.

No less than four mail packets arrived at South-
ampton yesterday—vis., two American packets, one Brazil,
and one China ; two mail steamers also left that port yes.
terday—viz., one for America and the other for the West
Indies; two American packets leave Southampton to-day,
and one is due from New York.

A private letter from Alexandria, in Egypt,
dated the 211th ult., says :—" Until very recently the
trains on the Egyptian Railway were worked by English-
men. They have now, however, struck for higher wages
and lean work. They were often compelled to wait in
Alexandria or Suez two or three days for a mail steamer,
and on duty fourteen hours daily. The railway authori-
ties have employed Arabs and others to work the trains
since the strike, and several accidents have happened in
consequence. One of them happened at Cairo, and several
persons were killed. The mails and passengers brought
here from Southampton by the Pent were being conveyed
by a train worked by an Arab engine-driver, when a fast
train driven by a Frenchman ran into the Arab's train,
and smashed some of the vans and killed two men. The
government is trying to supersede the Englishmen by Bel-
gians and Germans."
FORZION-OFFICE, JUNE 29.—Lord Stanley, her
Majesty's principal Secretary of State for Foreign Affairs,
has received from Sir Harry Parkes, K.C.B. her Majesty's
Envoy Extraordinary and Minister Plenipotentiary in
Japan, a notification that the Japanese government are
fully prepared to open to British subjects on the Ist day
of January next, in the manner stipulated in the 3rd
article of the treaty of Yedo, the cities of Yedo and Osaka,
the port of Him; and another port on the west coast of
Japan. Arrangements are consequently in progress for
determining the places which may be occupied by British
subjects at the said cities and ports for purposes of
residence and trade, and due notice will be given as soon
as these and other n arrangements for the execution
of the previsions of the d treaty, in respect to the said
cities and
.ports, shall be completed.
e ROYAL ARCH/EOLOGICAL SOCIETY.—The
annual conference of this society is to commence on Tues-
day, the 30th inst.. at Hull, lasting every day up to and
inclusive of Tuesday, August 6. On the first-named day
the inaugural meeting will be held at the Town-ball, after
which parties will he formed to visit the principal objects
of antiquarian interest in and about the town. Amongst
the pLlces to be visited are the parish church of Holy
Trinity, and St. Mary'S Church, Lowgate, the Grammar
School, the Trinity-house, in wla!lt building there is a fine
collection of marine cunosities and artic.as brought by
shipmasters from distant countries, also several painting!
of ancient battles. In the course of the first day there
will also be inspected the oldest house in Hull, the King's
Head Inn, High-street, and Wilberforce-house, in the
same street. This house derives its name from the fact
that the great William ',Wilberforce, the anti-slavery mem-
ber of Bement, was born and reared in it. This day's
procee will close with the Mayor's wirie, which will
take place ings,
the Town-hall. Amongst the places which
will be visited on the succeeding dam there will be ex-
cursions to Beverley, Minster, Thornton Abbey,. Dane's

. LATEST INTELLIGENCE.

(atom's fazawis.)
FRANCE.
THE EMPEROR MAXIMILIAN.
PARIS, Ju' 3.

The Moniteur of this morning says :—" In con-
sequence of the sad fears, which, however, have
not yet been officially confirmed, as to the fate
of which the Emperor Maximilian may have been
the victim, the review of to-morrow and the fetes
in honour of the Sultan have been countermanded.'

The following is a more complete summary of the
speech delivered by M. Rouher in yesterday's
sitting of the Corps Legialatif on the reorganisa-
tion of the army :

" Great revelations were made at Sadowa. We
saw the results of improved musketry, and observed
that the lines of communication which traverse
Europe permit the rapid concentration of large
masses of men upon a given point. We have
examined these military problems, and have sought
to place the military power of France upon an
equal footing with that of other nations. The
Opposition calls this an excessive levy of men ;
I call it placing the hand upon the hilt of the
sword in the midst of prosperity and peace. This
law of military reorganisation will cause France to
be respected, as sympathetic towards other na-
tions and seeking quarrel with none, but animated
by a sincere desire to maintain peace. Properly
armed, she will only be all the more certain to
preserve and protect the great and fruitful labours
of peace."

HUNGARY.
PESTII, JOLT 2, EVENING.

The Upper House of the Hungarian Diet ratified
to-day the bill for railways between Grosswardein
arid Klausenburg, Taotore and Agram, and Mis-
kolez and Hatvan. Both houses of the Diet have
adjourned sine die.

The members of the Deak party have paid a fare-
well visit to their leader.

The proclamation already announced of Strati-
miravitz, as dictator in the Servian districts of
Croatia, took place in Ravainza.

ITALY.

FLORENCE, JrLy 2, Evrmio.

In to-day's sitting of the Italian Parliament the
Chamber ratified the clauses of the commercial
treaty with Austria,.

SPAIN.

MADRID. JULY 2, EVENING.

In to-day's sitting of the Congress Senor Bar-
zansßana, the Minister of Finance, explained the
arrangements proposed for the settlement of the
certificates of the Passive Debt as being extremely
favourable to the English creditors, and moved
that the Congress should hold morning and evening
sittings to accelerate the settlement of the debts.
The arrangement of the question of the Certificates
on a favourable basis is now looked upon as cer-
tain. The holders of Certificates will not have to
pay any equalisation tax, such payment will only
have to be made by the holders of Passive Stock.

AMERICA.
QUEENSTOWN, JULY 2.

The Inman steamship City of Antwerp, from
New York, arrived here at 7.45 p.m. to-day, with
101 passengers, and 175,000 dols. in specie. She
landed the mails and passengers, and proceeded for
Liverpool immediately.

(BY ATLANTIC TELEGRAPH.)
NEW YORK, JILT 2, 6 e.x.
Lord Monck has been sworn in as Viceroy of
Canada.

The harvest reports are favourable.

The Teutonia has arrived out.

Closing prices : Gold, 1383. Sterling Exchange
on London, 110. 5-20 United States Bonds, 110 g.
Illinois, 121 i; Erie, 67. Stocks very active. Cotton:
Middling Upland, 26i. Petroleum : Refined, 24.

[Thin telegram arrived in London at 6.38 a.m.]

EXPRESS FROM PARIS.

THE EXECUTION OF MAXIMILIAN.
(nom ous OWN oogazaroimarr.)
PARIS, TUESDAY EVZNINC.

The melancholy news of the day, which though
known in official quarters yesterday was kept back
as far as possible not to mar the fete, is the exe-
cution of Maximilian. There is no doubt about
it, and the fact explains the absence from the
Palais de l'lndustrie of the Count and Countess of
Flanders, who had come tw Paris expressly to
witness the distribution of prizes. They have gone
back to Belgium to-day, overwhelmed with grief.
The Count of Flanders is the brother of Maxi.
milian's unfortunate widow, now a hopeless maniac
at Miramar. The Prince de Metternich went to
the Tuileries at half-past 1 this afternoon to an-
nounce the terrible news officially. The
commandant of the Austrian ship Elisabeth,
stationed at Vera Cruz, telegraphs that he has in
vain demanded Maximilian's remains to bring them
home to Europe for interment. The French court
will go into mourning for twenty-one days, and
the fetes contemplated for the Sultan are likely to
suffer greatly. It is still announced that there
will be a grand review to-morrow, but the hour is
not fixed, and I should not at all be surprised if it
were to be put off.
There can be no doubt now that the Emperor
and Empress of Austria will not come to Paris.

The event is the most unfortunate one for the
Emperor Napoleon that could possibly have hap-
pened.
The Prince of Wales has gone to-day to a dejetitter
at Baron Rothschild's chateau in the Bois de Bou-
logne.

WEATHER EZPORT.-(THIS DAY.)

WIII.IIIIALT. JULY 11, 8 A.N.

IMPERIAL PARLIAMENT.

HOUSE OF COMMONS.—(THIS DAY.)
The SPEAKER took the chair shortly after 12 o'clock.
THE BIRMINGHAM RIOTS.

Mr. WHALLEY, in pursuance of notice, 'eked Um
Secretary of State for the Home Department, with refer.
enoe to a statement in the newspapers that the Mayor of
Birmingham and others at an interview bad presented a
written statement on the subject of recent discourses at
Birmingham by Mr. Murphy, with special reference to his
threatened visit to Liverpool and other large towns,
whether, if this be true. he will lay upon the table of the
house a copy of any written statement as submitted to
him ; and also inform the house of the reply thereto,
either in writing or otherwise.

Mr. HARDY said the Mayor of Birmingham and two
other gentlemen did have an interview with him in re.
ference to what took place in Birmingham. Those gentle-
men asked him two questions. One related to • publi-
cation which appeared highly objectionable, and which
they said was being circulated in schools, and becoming
• serious nuisance. The question put to him was
whether that publication could be made the subject
of a prosecution. The reply was, that that question had
been under consideration before, and that the difficulty was
that a jury would have to oonsider whether there was any
malice in the case. It was not thought advisable, there.
fore, to prosecute ; but he (Mr. Hardy) felt bound to my
that the publication was of such &character that it was very
unsaleto place it insuchhandsaa it seemed to have reached.
As regarded the discourses of Mr. Murphy, he did nut, as
he had stated before, see any ground for criminal pmceed-
ings. He did not think it desirable that what came before
the Home Office in such interviews should be published,
as such a course would tend to prevent confidential inter.
course between the head of the Home Department and
those who had to administer justice.
BANNS OF MATRIMONY BILL.
Mr. MONK moved the second reading of this bill, the
object of which, he said, was to declare the Marriage
Act, 4 Ceo. IV., chap. 76, to validate marriages
which might be declared by the Ecclesiastical Court void
in consequence of the publication of banns at an undue
time, and to relieve clergymen from the penalties to which
they were liable under the Marriage Act. He thought the
proper time for the publication of banns was after the
second lesson at morning or evening service, but he would
leave it to the house to settle the precise time. The bill
was simply a declaratory one, and did not make any
change in the law. It was important that the public
should know clearly the legal time at which banns of
marriage should be published.

Mr. R. HOPE observed thatthe bill was brought forward
at • time when a royal commission was sitting on the sub.
ject with a view to legislation.
Sir G. GREY thought the existence of ambiguity in the
law was a sufficient ground for passing a declaratory act
without delay. If the rubric relating to the subject were
not in conformity with the act of parliament it should be
made so, the %uthority of parliament being paramount.
Sir W. }IEATHCOTE thought the best time for the
publication of banns was after the Nicene Creed.
Mr. W. MARTIN supported the bill.
[Left sitting.]

GREAT EASTERN RAILWAY.-(THIS DAY.)

This day a general meeting of the proprietors
was held in the London Tavern ; Mr. C. H. TURNER in the
chair.

The CRATILII.LN, in opening the business of the meeting,
I expressed his regret that the committee of the House of
Commons had thrown out the financial bill. (" No regret
at alL") He thought they would regret it for their
' own interest if they only listened to him without
interruption. The object of the present meeting wasthat
the bill should be recommitted. The committee rejected
the bill without assigning any reason. They said merely
th►t the preamble had not been proved. It oozed out,
however, that the reasomwhy the bill was rejected was that
they had not asked sufficient mosey. This was the
first time he believed that a bill was thrown out for such
a reason. Their liabilities were such as represented in
the last report. He wished that a number of gentlemen
might be appointed representing the various interests of
the company, with a view of agreeing on sonie plan whisk
might meet with the support of all.
Mr. Barrett explained the present position of the com-
pany. A receiver had been appointed by the Coen
of Chancery, andell the revenue of the company would pan
through his bands. The debt of the company, if the Mo.
tropolitan Extension was abandoned, might be taken at
3,000,00 W. They might take that therefore as the liabi-
lity of the company. The net revenue of the compsy
was somewhat over 900,0001. Of this sum 5,0004
a year was required to pay the rent charges
and the interest on debentures. 400,0001. was the
surplus which would probably belong to the shareholders
in the shape of dividend. Mr. Baxter then explained the
advantage which would arise by the creation of 3,000,000 f.
of debenture stock by parliamentary agency. Even sup.
posing the public took none of that stock, it
would to a certain extent be issued to their own
shareholders, through the Court of Chancery, as dividend.
That process would be repeated till the debt was wiped off.
But he believed that many of the debenture holders would
take the new stock rather than wait for the seven years
which it would take to pay off the present creditors. To
the extent to which that would be done the dividend
would be relieved.

Mr. HANCZY, as a trustee, protested against the creation
of a preference stock, which he charactei land m an act of
unparalleled audacity. He should feel justified, in the
interest of those whom he represented, to appear before
the House of Lords or Commons in opposition to the pro•
posed bill.
Mr. Horse rejoiced in the rejection of the financial bill.
and should oppose the proposed one, and other share.
holders expressed the same views.
Mr. LLOYD said that he also was ► trustee, but the ques-
tion was what was best to be done under the circumstances.

(Hear, hear.) A good deal was said about pre-
ferearse stock, but, by the action of law, there
were debts due which must be met, and as
long as these debts were unpaid their dividends were
locked up. They had a difficulty to meet, and he believed
that the plan suggested was a feasible one. It would be
greatly for the interest of the company if a debenture
stock could be created as a substitute for the ordinary de•
benture debt. (Hear.)

In reply to • cry of " No COMM Tenet,"
The CHAIRMAN said that as far as he was concerned he
lISS ready to resign his place to a better man if he could
be found. (Loud cheers.)
Mr. CTRIIB LEGG' said that as honest men they must
pay their debts, and the question for them to consider
was whether the scheme suggested by Mr. Baxter was the
best. He suggested that a committee of preference
shareholders be formed to consider the proposed scheme,
or any other scheme which might be considered more ad.
visable. ((hies of " No, no !" "Give it up!")
[Ths meeting was going on when we went to press.]

THE BETTED; ASROCIATION.—A meeting was held
at Norwich on Monday afternoon to promote the holding
of the annual Congress of the British Association for the
Advancement of Science in that city in 1808. The Mayo!
(Mr. F. K Watson) presided. Dr. Dalrymple stated that
the suns required for the reception of the association woe
about 2,000 f., and of this sum 1.601 Y. had been subscribed.
Norwich had, however, formidable opponents contending
for the honour of receiving the association. A general
load committee was appointed, and a deputation was
pnintel to press the claims of Norwich at the Dundee
meeting of the association.
SOTEREIONB AND THEIR COACHMEN.— It Il true
there is something reassuring in the thought that the due
tinier of the world are not so entirely in the keeping of
these mighty personages as at first blush they might seem
to be ; and • European sovereign, accompanied by his
prime minister, strongly reminds one of those rin irt four-
in-hands which young gentlemen, just come of she, affect
to drive—having previously secured a clever coachnia
who sits on the near side of the box, and holds himself
ready to take the ribbons whenever the nags show signs of
being unmanageable. " Touch that wheeler, your honour;
make that grey come up to his collar," whispers macho
and so does your Czar or Kaiser take in his statecraft from
Cortachakuff or Beast. well knowing the whole time that
all his driving is at best but arnateurship, and that if it
should come to an ugly bit of road, or a block no the way.
the sooner he resigns the reins the better. Louis Nape.
ken, however, affects to be his own coachman, and that
drive to Mexico shows with what success. As for the King
of Prussia, he has taken to the ribbons late in life, and
never properly nnderstood what good coaching is. All Me
early experiences were in a one-horse buggy, and it is
rather startling to the best of nerves to sit behind fear
ye' coacht 's Is - sly chirping