The Express.
London, England, 1866-01-06 00:00:00

.

RI)AY EVENING, JANUARY 6, 1866.

ran, dot with

trbe Court.

OSBORNE, JAN., 5.

Her Majesty drove out in a carriage and four
yesterday, acoompanied by Princess Louise and Princess
Lel/dupe.
Princess Hohenlohe also drove out.
Mr. A. Helps arrived at Osborne yesterday, and had the
honour, as well as Dr. M'Leod, of dining with the Queen
sod royal family.
The Queen has honoured Miss Durant with sittings for
the medallion of her Majesty to be placed in Wolsey's
Chapel.
Princess Hohenlohe has also honoured Miss Durant with
sittings.

A deputation from Herefordshire, consisting of Mr. J.
K. King, M.P., Mr. Biddulph, M.P., Mr. G. Clive, M.P.,
Mr. Baggallay, M.P., Mr. A. Walsh, M.P., Mr. J. Morris,
Mr. J. B. Downing, Mr. T. Duckham, Mr. J. Janoey, Mr.
W. Taylor, Mr. H. Taylor, Mr. W. Taylor, Mr. T. Pitt,
Mr. J. R. Paramon, Mr. G. Hall, the Rev. E. Higgins, and
Mr. J. Bailey (Mayor of Herefor.l), had an interview with
the Right Hon. Sir George Grey, at the Home-office, yes.
terday, upon the subject of the cattle plague.
A deputation from the council of the borough of Reigate,
introduced by Mr. G. Leveson Gower, M.P., and consisting
of the Mayor of Reigate, Aldermen Baker, Dann, and
Howard, and the Town Clerk, bad an interview with the
Right Hon. Sir George Grey, at the Home•offioe, yesterday,
concerning the granting of a commission of the peace for
the borough of Reigate.

THE QUEEN AN!) THE SUFFERERS OF
WITHIN.

A tradesman of the Merthyr district, seeing that
no appeal had been pat forward on behalf of the afflicted
widows and orphans of Gethin, wrote to the Queen solicit-
ing her Majesty's generous consideration of the case. The
following is the reply received :

"Osborne, Jan. 1, 1866.

" Sir,—l have received the commands of the Queen to
inform you, in reply to your application dated the 29th ult.,
that her blajsaty would wish in the first instance to ascer-
tain what local exertions had been made to relieve the
families thrown into unexpected distress by the accident at
the Gethin Colliery. Her Majesty does not doubt that
the proprietors of that establishment and thoue in the
neighbourhood who are engaged also in the mining business
will have assisted the sufferers in this lamentable maw-
mace, but your letter does not enable her Majesty to judge
to what extent this aid has been afforded.

"It appears to the Queen that the first claims of those
poor families are upon those with whom they are locally
connected, and I am directed to request that you send
me, for her Majesty's information, a list of the contd.
butions already received.—l am, lie.,
(Signed) " C. B. Pilfers.
" H. Bimmond, Esq."
- -- •

- - .
On receipt of this Mr. Simmond placed himself in com-
munication with the proprietor, W. Crawohay, Esq., and
that gentleman has annonnoed that there will be no need
to appeal to the public, as he intends providing for the
poor creatures whom this sad calamity has thrown on the
world.

THE PRINCE AND PRINCFSS OF WALES.—Their
Royal Highnesses the Prince and Princess of Wales will
leave Sandringh►m on Monday, via the Lynn and Hamden-
ton and the West Norfolk Junction Railways, for Holkhiun,
on a visit to the Earl and Countess of Leicester. The visits
which will be of a private character, will extend over about
four days. The West Norfolk hounds met at Sandringham
on Thursday, when there was a very large " field." San-
dringham-hosue was thrown open to all the members of the
hunt, breakfast being served on a scale of liberal hospitality.
At noon their royal highnesses mounted their hunters, and
accompanied by Captain Grey Mr. A. Ramon(' (the master
of the hounds), the Hon. T. De Grey, M.P., &c., proceeded
to the Dereingham-avenue, at the end of which the hounds
drew the coverts. The scent was indifferent, and no fox
was killed, although two were started. The Prince and
Princess also attended the meet of the West Norfolk hounds
at Weetecre High House (the seat of Mr. A. Hamood) on
Monday. On the same day the Prince and Princess distri-
buted new year's gifts to the children in the Sandringham,
Wait Newton, and Wolferton schools. The distribution
was made at Psrk•house, the residence of Lieutenant-
General Knollys, comptroller of the Prince's household.
The girls received presents of scarlet cloaks, and the boys of
cape and jackets. A bun, or small cake, was also given to
each child.

WAR-OFFICE, JAN. s.—Tbe Queen bat been
graciously pleased to give orders for the appointment of the
Right Hon. Sir Robert Peel, Bart., to be an ordinary
member of the civil division of the first clue, or Knights
Grand Cross of the Most Honourable Order of the HAM).—
Gazette.

His Royal Highness the Comte de Paris, at-
tended by Capt. Morhaio, Viscount and Viscountess Houck,
and Lord and Lady Athlamney are to-day expected to
arrive on a visit to the Chief Secretary's Lodge, Ph•enix
Park, Dublin.
The Marquis of Lorne, eldest son of the Duke of
Argyll, starts in a few days for a lengthened tour on the
American continent. He will be accompanied in this tear
by two other gentlemen. In the first instance they proceed
to Jamaica.
The Earl and Countess De Grey are expected to
arrive at their residence in Carlton-gardens to-day from
Norton Park.
The Right Hon. the Chancellor of the Exche-
quer is expected to arrive in town oa Monday next, from
Rewarder) Castle, Sir S. Glynnes seat in Flintehire, to
attend the Cabinet Council on Tuesday next.
The Right Hou. Sir George Grey has returned
to town from visiting Lord and Lady Northbrooke, at
I Stratton Park, near Winchester.
The death is announced of the Right Hon.
Laurence Sulivan, brother-in-law of the late Viscount
Palmerston, and who was prevented, by advanced age and
illness, from attending the funeral of the illustrious Premier.
The late right hon. gentleman, who died on Thursday last
at Broom House, Fulham, was in his 83rd year.
" The lovers of Alfred Tennyeon's verse and
Gustave Dore's art," says the Atheneum,. " will rejoice to
bear that he has undertaken to illustrate the Idylls of the
King.' M. Dore is not sufficiently acquainted with our
language to read this poem in the original ; and we may,
therefore, apprehend that the translation which is being
prepared for him may fail to impress the artist with all the
beauties and subtle meanings of that fine work ; but if the
translator executes his task well, there can be no doubt
that the clever French illustrator will find abundant matter
to inspire his prolific and wonderful pencil.
The Hamburg government are negotiating with
an English company for a seven-league Gabe to be laid
down between London and Caxhaven, vii Heligoland.
The most important preliminaries have already been
' adjusted.
The St. Petersburg correspondent of the Moscow
Gazette, in confirmation of the alleged inclination of the
English to blend the Anglican and Orthodox Churches,
relates that Divine service in St. Isaac's Cathedral has of
• late been frequently attended and reverentially listened
to by the English residents in that capital.
I, A letter from Naples of the 30th ult., after
; speaking of the disappearatics of the cholera, add, :
I "Strangers are now rapidly coming in, and something like
a season may be expected, and earnestly hoped for, as
; many classes are suffering severely from the absence of
those who literally supply them with their daily bread. I
cannot describe the beauty of the weather we are enjoying,
and which we have enjoyed nearly the whole of the month-
I A slight hoar frost in the morning is followed by a
perature as warm as that of England in May. Peach and
pear trees are unhappily in blossom, promising bat a poor
crop for next year, while my barometer for some days has
r been at 31, and my thermometer stands pretty regularly
! at 56."

M. Guillaume Guizot opened his course of lec-
tures at the College of France on Thursday, and waa mush
applauded by a numerous audience. M. Guizot, son., was
present.
"There is a rumour in the financial world,"
says the Nord, "that Austria, allured by the sumer of
her recent loan, is thinking of again applying to French
capitalists, this time not for a loan, but for the sale of the
state domains. M. do Books, the fortunate negotiator on
the late occasion, is said to be charged with thie mission;
his offer will be no surprise for the financiers to whom he
may apply, se I have reason to believe that the fist land.
marks in already find."

LATEST INTELLIGENCE.

(arum's Tzusaux.)

MINISTERIAL CHANGES IN TURKEY.
CONSTANTINOPLE, JAN. 5, 4.53 rat.
Kiani Pacha, Governor of the Public Debt, has
been named Grand Customer ; Mehemet Rnehdi
Pacha, Intendant of the Evkafs (property dedi-
cated to the Mosques), has been appointed Minister
of Finance.
NeLljeb Effendi has been transferred from the
Customs to the Evkafs.

EIGHT PEE CENT.

(From the Economist of to-day.)
We own that we still think that it is much to
be regretted that the Bank of England did not begin earlier
to raise the rate of discount to counteract the present foreign
drain. We are quite aware of all which may be urged en
the other aide, and we concede that fair arguments might
be found and ingenious figures produced to justify the
coarse which was adopted. But we ground our criticism
on two plain principles.
Ist. As soon as a foreign drain begins, unless the Bank of
England possesses (and it hardly ever quasars) an excessive
reserve, it ought at once and immedi►tely to raisethe retool
discount. In this case, we think it might hays kept some of
the gold which came by the Great Britain and one or two
contemporaneous ships if it had acted quickly. It is easy to
keep gold, in comparison easy ; it is difficult W get gold beck.
First, to get money back you have to pay the expenses ; next,
when the money is gone, the inertia of human nature is
against yen; whereas while the money was yet here that
inertia was on your side.
Secondly. The Bank of England will never be able to
work Sir R. Peel's act if they permit the normal effluxes
at the close of the quarter to influence the rate of discount.
The Bank ought to prepare during the quarter for these
well-known and necessary changes.
We cannot think (for reasons we have before given, and
which it would be idle to give again) that the Bank have on
this occasion so acted. They did not begin to raise the rate
quite at the beginning of the drain ; they can doubtles show
that the delay was not very long, but the matter is very
delicate. We are, as we have shown in another article,
endeavouring to carry on the trade of the country on the
minimum of bullion which will suffice ; and if the Bank are
but a little behind in their protective operations, the result
may be very serious.
It cannot be said that the Bank duly prepared for the close
of the quarter. The reserve has just been reduced but the
greater part of that at least every one expected. We have,
ad neuron', spoken of it in thee' columns; and it was no
credit tons—no peculiar discovery. 'twee matterof common
knowledge. If Peel's act is to be worked, the Bank must
keep so strong at the middle of a quarter that these
calculable drain. at the end of a quarter shall not become
catastrophes in its policy, shall not spasmodically affect the I
value of money, shall not jerk the money market.
As the foreign drain for bullion still continues, we think
the Bank was right in raising the rate of discount. We own
that we believe that if the Bank had 'tied earlier, 7 per
cent. might have been sufficient, but as they did not WO
sufficiently early, we cannot now blame them for acting
quickly.
As far as the internal demand for money goes, there is a
small point requiring immediate attention. The National
Provincial Bank of England have completed their great bank
in Bishopegate.etreet, and 'mahout to begin banking business
in London. As a consequence, they sacrifice their country
circulation. That circulation is 442,3711., and it will have
to be supplied by Bank of England notes. If that sum is
taken from the Bank reserve of notes, it may at a time like
this raise the rate of discount. Sir R. Peel provided against
such a result by scatting th►t the Bank might, by arrange-
went with the government, issue two-thirds of the note
issue of a retiring bank on securities. The Bank ought at
once to apply to Mr. Gladstone for this power, otherwise
this petty difficulty—this pea in the shoe—if we may hazard
a phrase so colloquial—may produce serious results.
As to the future, we have heard many good judges say
that money will soon be dearer. But we are disposed—
supposing this paltry difficulty of the National Provincial
to be surmounted, and supposing no unlooked-for circum-
stance happens—to be more sanguine. The drain to India
is now slight ; the silver market has been much affected by
the rise to 8 per cent. ; and we are rather disposed to
believe that no further rise will be needful. The drain for
bullion is a dwindling drain, and we much hope that this
rise in the rate will finish it.

WEATHER REPORT.-{THIS DAY.)

BATURDAT. JAXCAZT • • L*.