The Express.
London, England, 1867-10-14 00:00:00

THE EXPRESS, MONDAY EVENING, OCTOBER 14, 1867.

the first inconvenience, supposing any should
occur, would in all probahility fall primarily upon
ourselves.

With regard to cotton, the price is falling. Ac-
cording to the " Cotton Brokers' Circular," the
imports in the first 41 weeks of the present year
have been over a quarter of a million bales less
than in 1866. At the same time the quantity
taken for consumption was little more than 1,000
bales increase. These facts prove that commerce
is by no means in that prosperous state which is
deduced from the figures furnished by the Board
of Trade. If foreign exports more than maintain
their level, there is an evident falling off in the
home demand. Nor do the present returns pre-
sage a better result. A diminished import and
a falling price are conclusive proofs that
prospective orders are comparatively few.
With reference to what has been men-
tioned on the corn market, it may
perhaps be some feeble consolation to know that,
if dulness prevails here, it is equally found on the
Continent. The decrease of actual export for the
year is not far short of 50,000 bales. Since a
large portion of the cotton taken by France and
Germany passes through our hands, this decline
shows that trade abroad is if anything worse than
here. The chief reasons are to be found in the
constant rumours of wars and general political
uneasiness, together with in part the deficiency in
the harvest, and in France the collapse of the
Credit Mohilier. In England we are experiencing
the full effects of the panic last year. It takes
some time for calamities of this kind to be fully
realised, and hence trade is generally more affected
six or twelve months after the crisis has passed
than at the actual moment of its occurrence.

One point is sure to attract attention. In two
successive weeks the Bank of France has loet
upwards of two millions sterling in bullion. The
fact has been received in Paris with the moat
perfect equanimity. There doe,' not appear
to have been the slightest change in the
rates of discount, and the event has been passed
over as one of the least imaginable importance,
excepting that it has been thought on the whole
advantageous. It is hardly necessary to say what
effect this considerable diminution would have
caused in England. In accordance with precedent
the Bank minimum would have been raised at once
1 or 2 per cent., so that the reserve might be
adequately protected. Even now a few with-
drawals of gold are producing some uneasiness
among timid individuals, although nearly every-
body agrees that we hold much more bullion than
we know what to do with. They cannot, in fact,
help looking back to the events of 1866, the un-
necessary maintenance of the Bank rate at 10 per
cent. for over three months, and the triumphant
vindication of the so-called principles of the Act
of 1844, notwithstanding that the effort involved
the crippling of commerce for one, if not many
years.

OUR CONTEMPORARIES.
(THIS DAY.)

biassed by petty prejudices and jealousies of factions and
sects. Nor is it his least merit that he now exhibits on
the subject of national education an elasticity of mind,
without which the politician becomes soon fossilized into
uselessness or even mischievous obstruction.

Both the Si.,r and the SPinthtrci loudly condemn the
conduct of those who go to Stoke Newington and other
ritualistic churches and settle the controversy by Mai-
cuffs. The latter says anti-ritualists who respect them.
selves should use the law if it will serve. If it will not
serve they ought either to strive for legWation or to ques-
tion seriously whether religion of any kind ought to be
hampered by the restraints inseparable from a state con.
nection.

Cite Court.

BALMORAL, OCT. 11.

The Queen drove out with Princess Christian in
the morning, and again in the afternoon, accompanied by
Princess Beatrice, and attended by the Marchioness of Ely.

OCT. 12.
The Queen drove to Alt-na-Guithassch, with Princess
Christian, attended by the Marchioness of Ely.

Prince Christian went out for a drive of deer in Colonel
Farquharson's woods, at Invercauld.
Prince Leopold, accompanied by Mr. Duckworth, went
to Glen Ey.
Sir Stafford Northcote has left Balmoral.

The accounts received of Prince Arthur are most favour-
able; the fever has entirely subsided.

A deputation of gentlemen connected with the trade of
Newfoundland had an interview with Lord Stanley, at the
Foreign-office, on Saturday. The deputation, which con-
sisted of Mr. Thomas B. Job and Mr. Ridley, was intro-
duced by Mr. S. R. Graves, M.P., and accompanied by Mr.
Thomas Baines, of the Liverpool Office.
Despatclaca were sent on Saturday from the Colonial-
office to the Governors of the North American Provinces.

Their Royal Highnesses the Duke and Duchess
d' Iyra al a have been staying on a visit to the Countess
Frances Waldegrave and the Right Hon. Chichester For-
tescue, M.P., at Chewton Priory, Somersetshire. Count
Jarnac, Lady Scott, the Hon. James Stuart Wortley, Mr,
Alderson, and a select party have been there.

The Lord Chancellor will receive the judges on
Monday, the 2nd of the ensuing month, at his reside ace in
Haton•square, being the first day of Michaelmas term.
Prior to receiving the judges and Queen's counsel, the
noble lord will entertain the Lord Mayor elect and civic
authorities at luncheon.

Admiral and Mrs. Farragnt, Captain and Mrs.
Pennock, Captain Le Roy, Lieut.-Commander J. Critten-
den Watson, Dr. Foltz, Messrs. M'Kinley, WlCes, Frailey,
Collins, Gill, officers of the United States Navy, left the
Clarendon Hotel on Saturday morning for Gravesend,
where the distinguished party embarked on board the
Frolic, which conveyed them to the Admiral's flag ship
the Franklin, at Sheerness. During the Admiral and Mrs.
Farragut's sojourn at the Clarendon Hotel they received
visits from their Royal Highnez,es the Count de Paris,
the Prince de Joinville, the Lord Mayor of London, and a
great number of the English nobility.

Mr. ehszles Dickens will, it is said, leave Liver-
pool for New York on the 2nd of November.

LATEST INTELLIGENCE.

THE INSURRECTION IN THE PAPAL
STATES.
PEOORKER OF THE INEVEOEXII4.

The despatches from Italy show that the in-
surrection not only holds its own but is becoming
daily more serious to the Papal sovereignty.
Nerola, which according the statement of the
official Romam Journal, is occupied by a thousand
well armed insurgents, is little more than six-
teen miles from Rome. Subiaco, which was
first taken by the insurgents, then retaken by
the Papal troops, is in Sabina, between tho Tiber
and the Neapolitan frontier. Assailed on the
north-west from the side of Viterbo, on the south-
east on the aide of Villetri and Frosinone, the
Papal troops are compelled to scatter themselves
over a wide area. The insurgents act evidently on
a well conceived and boldly executed plan.

In addition to Menotti Garibaldi the insurrec-
tion is headed by Colonel Acerbi, MM. Cucchi,
Salomono, and Baron Nicotera, all four deputies
of the Italian Parliament. M. Baldini, a rich
cloth manufacturer at Sienna, is at the head of
200 of his young workmen and Roman refugees,
whom he has provided with arms and money. Several
sons of rich Lombard families are also with the in-
vaders. Colonel Acerbi has issued the following
proclamation :

Torre-Alpina, Oct. P.

Soldier,,—At the cry of Italy we have met once more,
and full of patriotic enthusiasm have hurried here where
a population glorious by its ancient annals has risen to re-
cover its liberty from the most barbarous and despotic of
governments. We are all moved by the cry of Rome, we all
understand that Rome is the soul of our country, and with.
out it Italy cannot exist. To restore Rome to Italy, liberty
to her enslaved people, who are resolved to break the yoke
which oppresses them—such is our aim. The enterprise is as
noble as are severe and numerous the sufferings we have to
endure. Soldiers! Hunger, thirst, daily fatigues, con-
stant marches, sufferings of every kind, such is our pros-
pect. Our reward will be the consciousness of having done
our duty. Soldiers ! The whole civilised world is looking
at us and prays for our success. Let us prove that we are
soldiers of the revolution, pupils of the school of the great
C►ptain,Garibaldi, that we are soldiers of civilisation and,
as before, know how to respect private property and
opinions. Let us bo generous even towards a mercenary
and hireling enemy. The rest we will regard as Italian
brothers, who are to sit down with us at the great banquet
of a regenerated country. And when,from the height of the
I capitol, the Romans shall proclaim by the plebiscite,
" Italy, one and free !" future generations will bless us.
The General in Command, ACE/1131.

were received with enthusiastic cheers. A decree,
dated the 11th inst., appoints M. Germiny Presi-
dent of the Societ4 Immobiliere.

AUSTRIA AND PRUSSIA.
BERLIN, Ocr. 14.

The Bourse Gazette publishes a telegram from
Frankfort-on-the-Maine, stating that the Emperor
of Austria is expected to arrive on Friday next in
that city, where his Majesty will meet the King of

THE CONCORDAT.

VIENNA. Ocr, 14.

A deputation from the Viennese Common Coun-
cil will have an audience of the Emperor to-day to
deliver an address, protesting against the accusa-
tions of the 25 bishops in their address supporting
the Concordat.