The Express.
London, England, 1858-04-02 00:00:00

THE EXPRUSS, FRIDAY EI'ENI.S,A APRIL 2, 1858.

trade and commerce of the colony, and of the large trans- i
soiree in which the corresponding holm in this colony was
involved. The firm of Dennistoun Brothers and Co., of
Melbourne, has met all its engagements, and the local
partners are confident in their position.
A new financial feature his been introduced into banking
operation% the first traits of which do not appear to have ex-
cited any marked expressions of approval or discontent.
Interest is granted by all the banks on the deposits of their
customers ; by the Bank of Auatralaais, the Bank of Vic-
toria, the Union Bank of Australia, the Bank of New South
Wales, and the London Chartered Bank in the monthly
minimum of the daily balances, and the Oriental Bank, the
Colonial Bank, the Colonial Bank of Australasia, and the
English, Scottish, and Australian Chartered Bank on the
actual daily balances. The rates of discount remain unchanged,
at—on bills under 95 daya' currency, Bur cent. ; from 95 to
12d days, 9 per cent.; and over 125 days, 10 per cent.; and
on overdrawn accounts, 10 per cent.
Exchange on England is, at all the banka, at par for 60
days right; for accounts under 501. at i per cent. premium
ter 30 days' sight. Freight on gold, by direct steamers or
sailing vessels, 3d. per ounce, deliverable in London ; insur-
ance per cent. by the overland route, 1 per cent.—that is
9d. per ounce as nearly as possible; insurance Id to 1j per
Calf.

Till? CANS 01 IRS CAGLIARI

Dr. Ttavera Twigs, the Vicar-General, was re-
quested to advise the Sardinian government whether the
documents submitted to him disclosed any sufficient ground,
for the seizure Red detention of the Sardinian merchant ship
II Cagliari by hie Sicilian M ijesty's steam cruisers II Tan-
ascii and L'Ettere Freraruoece, and hi. "opinion" has just
been made known. After reviewieg the various circumstances
Dr. Twine observes—" Upon the best consideration which I
have been able to give to this most important question,which
Involves in its simplest form soma intricacies of low,
bat which has become involved in greater intricacies by
the legal proceedings on the part of the Sicilian autho-
rities subsequent to the seizure, I am brought to the con-
clusion that the seizure and detention of the Cagliari under
the circumstances stated in the log of the seizure was not
justifiable by the law of nations, which is the only law
whereby the cruisers of a sovereign power can be entitled to
seize and detain on the high seas • merchant ship sailing
under the protection of the flog of another sovereign. The
right to demand the restitution of the ship, together with
her master and crew, on the grouuds of the violation of the
flag rests with the sovereign whose flog has been violated.
If the High Criminal Court ►t Salerno, however, should
condemn the muter and crew under the 123rd section of the
penal law of the Two Sicilian and the Sicilian government
should proceed to enforce the penalties of its municipal law
against the crew of the Cagliari, it will be competent at such
time if any of the crew should happen to be suliecta of any
other foreign power than Serdinia, for that power to
interfere in behalf of its subjects, on the ground that the
municipal law of the seiner, cannot, under the circumstames
of their seizure, be rightfully enforced against them. lam
unwilling, however, to conclude this expression of my
opinion as to what I apprehend to be the strict law ap-
plicable to the case of the Cagliari without alluding to a
possible inconvenience which may seem to result from such
a condition of the law—namely, that • state would be help-
less to check or punish outrages on its coasts which do not
amount to piracy committed by vesicle under the mercan-
tile Beg of another state if sush vessels can only escape in
time on to the high seas before the cruisers of the state fall
in with them. The remedy, however, for such au anomaly,
which is in practice more ideal than real, is found in the
comity of nations, which tempera the strict law of nations
just is equity tempers the application of the rules of posi-
tive law to civil transactions. The privilege of the flag, as
already observed, is the privilege of the state, and when
there is foals fats in the wrongdoers, the state, through
mangey, waives its privilege, and extends no longer the wgis
of its nationality over its subjects, but either permits the
state which has been injured to avenge the breach of its
laws through its own tribunals, or will assist it to obtain
redress against the wrongdoer before the courts of their
own country, if they have in any way made themselves
amenable to punishment for a breach of their own laws."

With reference to the condition of the markets, we can do
nothing move than repeat the warnings of our previous
mattbly beau,.. The stocks on hand are fast approaching to
something like suftient for eighteen mtrothe consumption.
Many kinds of go.4*, of a more or lee. perishable character,
are being sacrificed at auctiais to an extent which would
scarcely fail of producing some effect, except that even un-
favourable account salts du not appear to have any influence
on ahipments to Australia.

ST. PAUL'S PREACHERS.—The Bishop of London
has appointed the Rev. F. C. Cook, M.A., one of her
Majesty's inspectors of schools; the Rev. R. W. Browne,
M.A., chaplain to the forces, and the Rev. J. Lupton, M.A.,
rector of Queenhithe, to be the special preachers at St. Paul's
Cathedral for the present month. Dean Millman will preach
on the morning of Raster Sunday. The sermon this (Good
Friday) morning was preached by the Rev. T. G. Nicholas,
WA., chaplain to the Lord Mayor.
PRESENTATION OP A TROPHY BY THE ROYAL
AITILLEST.-At the meeting of the Leeds town siouncil on
Wednesday the mayor said be had received • letter from
Ma* Freeklyn. on behalf of the men compsing the tatter,
of the Royal Artillery stationed in Leeds, acknowledging the
headmen., manner in which they wero treated when the
Sebastopol guns were placed on Woodhoume-moor, and ex-
mooing thOr desire to testify their gratitude by presenting
to the corporation • trophy which they had themselves cap-
tured at Sebastopol, to be placed with the guns on the moor.
He took the liberty of accepting that offer, and be hoped that
in having done so be had the approbation of the council. The
offer was accepted.

ROYAL COLLEGE OP SURGEONS.—The following
gentlemen, having undergone the necessary examinations for
the diploma, were admitted member, of the College at the
meeting of the Court of Examiners on the Slat ult.. via. :
Messrs. Thelwedl Pike, Bucklebuty, Berkshire; Frederic
Digby, Malden Eaten ; George Reed, Portsmouth ; Edward
Franey, Northampton; Enact' Woodhouse Brains, Hon.
East India Company's Service ; James Dow gainer, Mac-
clesfield; William Dickinson Smyth, Royal Navy; and
John Fisher, MaLchester.
THE LATE FIRE AND LOSE OF LIFE AT CAMDEN-
vowN.—An investigation by the directors of the poor of St.
Pancras was Matituted at their weekly meeting on the sub-
ject of the late fire and lose of Wein Broadway-terrace, Cam-
den-town, and as to the complaints that the pariah engine
what it arrived at the fire wee inefficient. In the course of
the proceedings it was stated that there was at first a dearth
of water, and that it wee the practice of turnaocks, in league
with the brigade firemen, not to turn on a suMeismt supply
for palish engines, until the brigade engines 'wired at a fire,
when the perish engine wee shoved out of the way. It also
cams ant that whilst the brigade gave men a shilling each
for working their engines, the parish allowed nothing. Some
remarks were made uponthe fact of there being no brigade en-
&•-stations in the northern districts of the metropolis. Oa
the firemen and turncocks being had in for their rewards they
denied the imputation upon them. The board resolved to
empower their 13-emen to employ and pay moderate sums to
persons to work the parish engine In futum, and notified to
the tut ococks that in the event of any report that there was
an Insufficient supply of water for the perish engine no re-
wards would be given.
THE WELLINGTON MONUMENT. "Therm are
strange rumours afloat concerning this work the thousand
tongues' are noising_it abroad that, notwithstanding the',
awards of prizes in weetmioster Hall, the competition will
lead to nothing, exclpt • return to the original scheme
of giving the commission to Baron Marochetti ; indeed it
im added that the arrangement was 'in progress
when the competition was mooted ; and it is to
be carried out now that the competitive designs are
either sent home or shelved into one of the ante-rooms of
the new palace at Westminster. We cannot credit a state-
ment so utterly opposed to every principle of honour; we
do not believe that any government would dare to commit
so great an outrage on common decency. We, therefore,
abstain from won than a mere note to state that such a
rumour is in cirenlatiaa."—Art Journal.

TAE MISSING AFRICAN MAIL STRAYER GAMBIA.—
Mears. Laird, Fletcher, and Co., the Liver Fol agents of the
African Steam-ship Company, yesterday I ntraday) place
the subjoined notice in the news rooms We have noticed
with considerable surprise a telegraphic message posted this
morning containing • surmise as to the cause of the non-
arrival of the African mail steamer Gambia, to the effect
' that the preceding steamer, the Ethiope, made 8 attempts
to get out of one river, and struck on the bar five times.'
Having caratilly examined the log of the Ethiope, we glee
this statement an unqualified contradiction."
TAR FoxnouND.—Theirs is the sort of form
which expresses to me what I want art to ex Nature
not limited, but developed, by high civil . The old
savage idea of beauty was the lion, type of mere massive
force. That was succeeded by an over-civilised ideal, say
the fawn, type of delicate grace. By cunning breeding and
choosing, through long centuries, man has combined both,
and has created the foxhound, lion and fawn in one. Look
at that old hound, who stands doubtful, looking up at his
master for advice. Look at the severity, delicacy, lightness
of every curve. Ha head IN finer than • deer's; his hind
legs tense se steel springs ; his forelegs straight as arrows :
and yet see the depth of chest, the sweep of loin, the breadth
of paw, the mar of arm and thigh; and if you have an eye
for form, look at the absolute majesty of his attitude at this
moment. Majesty is the only word for it. If he were six
feet high, instead of twenty-three Inches, with what animal
on earth could you oompare him P la it not ajoy to see such
• thing alive ? It is to me, at least. I would like to have
one in my study all day long, as I would have a statue or a
picture; and when Mr. Morrell gave (as they my) two
hundred guineas for Hercules alone, I believe the dog was
well worth the money, only to look at.—C. K. In Frames
iliyarior for April.
YOUNG LADIES.—One of the great social Male
of this age is admitted to be the reluctance of oar young men
to early marriegsa ; they won't marry now we are told, as
they need to do, and ought to do, on 3001 a year. Depend
upon it, in many and many a case it is not the odd hundred
or two that is wanting—it's the attraction. We have lost
that joyous and familiar intercourse between neighbours'
fiunilles, where young people's individualities had ipso* and
opportunity to develop themselves, and heart met heart. Oar
modish Cupid her over-strung his bow—hia arrow* don't
hit home. Young ladies hideaway the key of their hearts so
carefully, that nobody thinks it worth looking for. Who Is
to choose " the one" out of • bevy of proper-behaved
deurela like • row of hollyhocks, differing only in height,
and shape, and colour P They all look alike, dress alike,
talk alike, and walk alike; and For anything that appears to
the contrary, think alike and feel alike. Why, such a
choice Is au act of deliberate intention—matrimony pre-
pense; few man have the nerve to venture upon it. No
wonder they calculate the probable butchers' and bakers'
bills Wire they take such • plunge as that. Don't fancy
I talk like a cynical old bird, not to be caught with
that. I take as the exponent of what my own teenage
would be NI were young, and open as I once was to the
conviction of bright eyes, my nephew, Jack Hawthorne,
=
sot long home from the Crimea, six eat ono, indepand=
as aye terrier, brave as s lion (clasps for
gaulle ea • greyhound, and I should say int-
=decidedly. " What I =WA moat," said he, In
hearted, unabashed simplicity, "was the sight of a
wamme's tam" Wherevpoa I spoke: " I wonder, Jack,
you don't marry; it wonid maks you • happier man than
living half your days In the smoking-room .f the 'Army
and Navy.' Why not pick ua n
"r4_ and set up the
family name again at the old manor?" Well, so I would,"
said Jack, interjectively between the pude of his ratty, " but
there are no girls now—they're all young ladies : catch me
Ming • young lady i"—Bisrkwoods Nogoase for

MONEY MARKET.

Good Friday being a Jose holiday, we have no
report to make under this head.

It transpired officially yesterday afternoon that the
tenders sent in for the Indian Loan had been accepted
to the extent of 4,800,0001., or within 200,0001.
of the entire amount. The East India Company's
minimum price was 97 per cent., and the 4,800,0001.
is almost entirely taken up between that figure
and 991, principally, it is believed, between 97 and
981. In a few instances par is said to have been
bid, and some rare cases are mentioned in which
sanguine individuals are content to take the new
debentures even at 102 per cent. Upon
the announcement of the result the mem-

berg of the Stock Exchange at once com-
menced to deal in the new security, which,
u a matter of course, will be immediately admitted
to the privilege of official quotation. Transactions
took place at 98 and 981, and the price at the close
of the house wss 971 to 981. In the course of the
afternoon a number of members of the Stock Ex-
change formed a list, and transmitted to the India-
house an offer to take the balance of 200,0001. at the
Company's minimum price of 97. This offer the
East India Company declined. It was understood last
evening, however, that the sum in question has been
adjudicated; even in the absence of offers for it, the
East India Company would have been able to sell it
in the market, the more especially as the loan is at a
premium. The grand fact is thus arrived at that the
Indian loan of five millions is completed. The
average price obtained by the East India Company
may not be altogether unsatisfactory to them, but
the experience now gained may be of considerable
value in any future operation of a similar character.
The plan pursued in the present instance of refusing
to entertain applications from small subscribers will
probably be eschewed. Had the loan been thrown
entirely open to subscribers of any sum from 1001.
upwards, it is believed that the East India Company
might have publicly fixed the price of the new issue
at par, and have got the list filled up in a couple
of days.

The first instalment of 20 per cent., or nearly one
million, falls payable on the Indian loan on Thursday
next, the Bth inst.

The demand for money yesterday in all quarters, in-
cluding the Bank of England, was more active than
for some time past, but the rates remain u before.
The demand is explained by the circumstance that
it was requisite to provide to-day for the bills falling
due on the three following days.
The Bank of Holland has reduced its rate of dis-
count from 4 to 31 per cent.
It is officially announced that the Stock Exchange
will be closed to-morrow. The day will be generally
observed as a holiday throughout the City.
The shipments of specie to the East continue to
decline. The total remittances by the Colombo, which
will leave Southampton for Alexandria on the 4th
inst., are only 60,7301., of which 3,7211. is gold, and
47,0091. silver. The particulars are as follows, viz :
For Alexandria, in gold coin, 2.7001.; for Ceylon,
gold, 7201.; for Madras, gold, 3011.; for Calcutta,
silver, 20,2001.; for Hong Kong, silver, 11,9691.; for
Shanghai, silver, 10,4001.; and for Manilla, silver,
4,440!.
The specie shipped for the West Indies by the
steamer Parana is only 6,620!.
The foreign exchanges yesterday afternoon were
firm. The principal feature was the freedom with
which bills on Holland were offered, leading to the
establishment of a somewhat higher quotation. As re-
gards other places, there was not much disposition to
do business. Bills on Vienna and Tneste were
quoted a trifle higher, and three months paper on
Paris somewhat lower. The current rates are shown