The Express.
London, England, 1861-02-11 00:00:00

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THI CITY HANDICAP of 3
1611011 TI after Feb. 4, Me. az
(30 cubs.)
Age st in
Muter Begot
First Lord
Audrey
Plash lu the Pan
Romeo • 71!
Willie Wright
Golden Pippin
Gorsehlll
a 7 6
Ply by Day e 7 6
Vixen
Woman in Red 4 7 3
Parmemn
North lastmahhe
Slietseld 5 7 0

Ter. LINCOLIM/Mtg 11ATIDICAPoi 5 sons. sash ; 3 ft, with
100 added ' • for Syr-olds sod upwards ; winners extra. Ow
mile. (52 subs.)
Ale st lb
Amsterdam
Master Bova
Misty Mons
Little Gerard

Aneurin
Audrey
Yoruger
Bakdole
Donner and
Greenwich Voir
Benbow

......
Aweetbrlar
Gona6lll
Lii?°l!."

Mt FT. t 7.7

maid of cbr!syard

FirrritaLaTerike
redo o„
Golden
wain.=
Oliver

tdmond Zees.

• Tl 9
5 T 10
4 T 9
5 7 7
4 7 7
6 / 6
S 7 0

I 7 4
4 7 0
4 7 4

i

4 i

i T i
• 1 1
• T 1
• 6 U
• • I•
• • II

Age at lb
Walleleglce
4 0 14
Awe 4 6
Cloyarbesk
_ _

venue I 7
Sbeeheld 5 5
Isthmian
Foretop
Corona
Keetpin
nit!

Gaylad
Canto
Conundrum

iir-s-

$ 6 16

Min 110000

Pampa
bayou* 3 6 9
Mermaid
Crumb Patrick 3 6 7
c il Rataplan Mum
3 57 _ melltura!

Jael:.Btasdiast

Jennloo legs .... 4 • 111 Medusa
Edell* a 011
Ilia Marzerfa Piam of 100 guineas ; 3-yr-olds, Oat 91b;
4 pa, 9st 2lb ; 5 yes, 94 lllb ; six and awl, 10st 21b. Two
nulea.—To name Feb. 13.

TN, &muumuu' Buttiwa effAcis of 3 loom each, wick
25 added. About half a mils.—To close on Feb. 13.
_ .

Tut lioaoss Race HANDICAP of 5 son. each, 3 tt,
with 25 added ; winsers attn. Two mules, over ai: hurdles.
(19 subs.)
Al, et lb Am et lb
Yager Basal
&loopholes
Romeo • 18 8 'Stella • 6
The Dew 6 611 7 Brine
St Mark • LS Ingestre
ovllkik
alms 4 It Hawthorn
all •
10
I =lns • 0
Conant 4 0
Orilla
Rye" • 8

6 paid

TER LINCOLNSIMUI HUNT STERPLECIRLSX STAR= et 5
so s. each, with 50 added ; for boating, ; 4-yrs-old,
list 71h ; five, 12st Mb ; six and apa, 12t 101 b. Mares
sad pldiap allowed 31b. °milkmen riders; profeasionals,
nb extra. About three miles. (10 subs.)
AP Aga Age
Hermes
Veer 6 Raw •,h b 5 gr gby Fern= 6
Precentor b) .. 4 LittleWonderh b) a Cherokee
to re by Crab& (h DI 5 The Martyr (h b) • •
Tea &ma STAILLS of 3 move. each, with 20 added.
Half • mile.—To close and name Feb. 13.

THE GREAT ANGLO-AMERICAN ROWING MATCH.
The challenge of Chambers, the celebrated waterman of the
Thames, to row Joshua Ward, of Newbury, United States,
a right away scullere race of five miles, on the river Hudson,
for 2,000 dollars aside, has just been accepted by the
American champion. The match is to take place within
days of the signing of the articles, and is to be conducted in
accordance with the regulations published by the Thames
=B, Committee ; Chambers stipulating to receive 500
by way of expenses, and to be amompaoled by
Hoary Claseori as trainer. Should any diflletdty arise as to
the proposed locality in which the ram is to decided,
Chambers agrees to contend with Ward on one of the rivers
of France allowing him 100/. for his travelling expenses
from America.

Immense quantities of soles and grey mullet have
been taken in the Solent lately. A bank has Jost been dis-
covered where large numbers of the fart-mestiosed Ash are
aught.

- -
GALWAY, SATURDAY.—Found stranded, near Black-
head, derelict barque Erinego-Bnigh. " Liverpool" on
stern. No papers found. Cargo, timber and deals. [Mem.
—The Erin.go-Bragh, from Quebec for Sharpness Point,
was abandoned on the 9th Dec.]
QUICIISETOWN, SATURDAY, 9rn.—Wind N., blowing street.
Arrived and Jane, New Orleans, for Liverpool;
the barque Colfield, of London, Quebec ; sad Cape Brews,
for London, Quebec ; cargo, timber; was abandoned and
ed on the with instant, 42.18 N. lat., 42.20 W. 10n.,•
waterlogged on the with instant, 42.18 N. lit., 42.20 W. lou.'
orew taken off by William and Jane. Sailed :—Countess of
&afield, for Plymouth.
KINGSTOWN, SATURDAY, 9TlL—Captain Boyd, of H.M.S.
Ajax, with a detachment of his men, were standing on the
pier endeavouring to save the crew of a vessel which bad
gone ashore at the back of the pier, when a tremendous
wave swept them all into the sea. Mr. John Mullvarty,
architect, was with them, but was saved. As far as can be
ascertained,l6 vesicle have gone ashore in and about the har-
bour, and Mawr lives have been lost in addition to Captain
Boyd and boat's crew.
HARTLEPOOL, FRB. 9.
One of the moat disastrous plea that Ins ever in the me-
mory of the oldest seaman of this port taken place halt been
witnessed here today, and whether viewed in its relation to
the loss of shipping property or the loss of more valuable
human lives, presents features of the most deplorable cha-
racter, and calls loudly for the interference of government
in establishing a harbour of refuge et this place. Yesterday
the wind blew from the east north-east, and the glass was
very low, with considerable oscillation, awakening the at-
tention of all those who remembered the predictions of Mr.
flaxby. Little notice, however, seems to have been taken
of the premonitory warnings by our seamen and shipowner,
who have suffered most severely in consequence. Nume-
rous vessels sailed for the various northern ports yesterday,
and many now with their gallant crews are gone for ever.
The wind, which during the night continued to increase in
violence, this morning reached a perfect hurricane, the bey
and the sea, nearly as far as the eye could reach, being
covered with broken water. The usfortenatevanels which
were in this vicinity ran for shelter to this port. Most of
them were laden, and as they all attempted to enter before
the tide had sufficiently risen, they all took the ground.
The barque Cyrus, of London, drove on to the rocks neer
the Stone Buoy, and in a few minutes broke to pieces. She
had formerly been in the Greenland fishery trade, and was a
very old vessel. About eight o'clock a laden schooner,
when at a short distance from the new pier, suddenly foun-
dered and sunk with all on board ; and a light schooner, at
• short distance from her, was thrown on to her broaden*
on which the crew scrambled, and she drove into the har
boar. At intervals during the forenoon, a schooner and a
brig, both laden, were seen to founder with their crews at •
short distance from the Longscar Buoy. About ten o'clock
a schooner got on the Longscar Rock, being unable to beat
to the northward, and in a short time she broke up. About
half an hour afterwards another schooner drove on to the
same rock, • little further seaward, and ' • stout ship
held together for some time. The West 1 sod
the Beam lifeboats, which put off to the first wreck, re.
rosined at some distance from the second vessel, being
unable to reach her owing to the frightful sea which was
running. The poor fellows at length took to their boat,
and succeeded in reaching the remaining portion of the first
wreck ; but whether this lifeboats succeeded it taking
them off we had not learned at the time our parcel woe
despatched. The cooduct of the brave fellows to the life-
boats was the theme of admiration of thousands who witnessed
their perilous adventure. The brig Express, of London, came
in with her bowsprit gone, took the ground, and drove on
to Middleton Sand. She bad on board one of the crew of
the brig Rising Sun, of Sunderland, with which she bad
been in collision, and which was reported to have gone
down. This, however, proved to be incorrect ; but a worse
fate awaited the poor fellows on board. About 12 o'clock
she was observed to the north of the lighthouse with her
bowsprit gone, and in a short time she drove on to the rocks.
The rocket apparatus was got out, and a line fired oe board,
but from some cause- either its fouling or the crew (who
were in the rigging) being unable to haul it on board—it
was of no avail. The poor fellows all this time remained
in the rigging, for about an hour nothing being able to be
effected for their safety. Another line wee afterw.irds
fired, but the masts fell over, and they were all drowned,
except one boy, in sight and almost hearing of hundreds
of spectators. The scene of the disaster in the bay, and
on Middleton Sand, neer the entrance to West aartle-
pool, is one of the most distressing that can be conceived.
Between 40 and 50 sail of vessels are to be seen all in a
state more or less of disaster. Several are sunk in the
bay, the water covering them some feet, whilst those upon
the wand were driving about, crashing and smashing each
other, and doing fearful execution. We were not able at
the time of writing to obtain anything like a correct list of
the casualties of wrecked vessels. It is reported that some
are on shore at Blackballs, about four miles to the north of
Hartlepool, and off which one is said to have foundered.
Whilst writing, the gale continues to increase, and severs]
easels can be seen in the offing making for the land, and
unless a sudden change take place, dreadful mishaps are
expected during the night. We have had frequent mid
heavy showers of ha, rain, and sleet all day,

SHIELDS, SATURDAY NIGHT.
A most appalling scene has been witnessed by thou-
sands of persons off our coast this day. Last night
the wind got round to the east by north, fearfully,
with • heavy sea and blinding Shawn's. Our pilots were
on the alert, and between half-past twelve and one o'clock
this morning the Minerva, of 'Whitby, bound from London
to Benham, came ashore. The Providence lifeboat put off,
manned by pilots ; and after a gallant struggle with the
fearful seas, got alongside, the warm driving them back
several times before doing so. In heaving • 'grapnel aboard
the vessel, the hook struck • seaman and wounded him in
the face. One boy. John Storm, in attempting to jump
into the lifeboat fell into the sea, but lie got hold of a rope
and held there for ten minutes, until the lifeboat came
alongside and saved him, but in rescuing him one of his
kgs was broken. The crew were all saved and brought
ashore.

The Sarah Ann; of North Shield■, drove ashore about two
o'clock, and the crew of this vessel was likewise nobly
saved by the South Shields lifeboats.
About half-past seven this morning the schooner Fowls,
from Inverness, drove on to the Head Sand and drifted
amongst the stones of the South Pier. No less than four
lifeboats put out to the assistance of the crew, and many
a gallant struggle was made to get alongside. The Provi-
dence lifeboat was stove in four places, but all proved inef.
fectual to get alongside the vessel. It was attempted to throw
a line from the shore. That did not moored. The apparatus
for saving life was thereupon got on board one of the life-
boats, the Tyne, and fired, and a line was got to the vessel
by this means. The captain, Mr. Frame, and the mate, Far-
quhar Fraser, were saved, when the line broke. Peter
M'Kenzie, a sailor, swam to the lifeboats, and was also saved.
George Patients, Alexander Patience, and Hugh Fraserwere
left on board, and in the of en immense 011131.
ter of sympathisers the ' is struggled on fur three
Lours in their endeavours to save them. They could not
succeed. The tide rose and the wind continued to rise with
it with fearful violence. The waves lashed and beat over
the doomed vessel, the men clinging to the rigging and deck
said the vend *am to break up. Alexander Patience

The utmost alarm has been occasioned to the
officials and others connected with the convict prison at
Chatham' in consequence of another mutinous outbreak by
a portion of the convicts, amounting to several hundreds of
the most desperate characters, the behaviour and conduct
of the prisoners concerned in the outbreak being of a far
more violent character than that which took place a few
weeks since. On the present occasion the convicts con-
cerned in the outbreak were all employed outside the pri-
' son : and this, of course, rendered the situation of
' affairs the more alarming. Of the thousand convicts
belonging to the ostablidunent at Chatham, several
hundred are daily employed in Chatham Dockyard,
soother party of several hundred working on llt. Mary's
Island, adjoining the dockyard, whilst the remainder are
employed in various ways on the roads and other govern-
ment works in the garrueon. The party engaged in the pre-
seat outbreak were those at work on St. Mary's Island,
where the whole of the ocournesees took place.
At the usual hour on Friday morning about 400 of the
convicts were marched down to the island to commence
work, about 30 warders, all well armed, being in charge of
them. Moat of the men employed on the island are pur-
posely sent there on account of their bad character, in order
to remove them from any associate they might
form in the dockyard or elsewhere, St. Mary's
Island being altogether secluded. The convicts pro-
ceeded with their work all the morning until the
hour for dinner. It is customary for 300 of the
men always to dine on the island, in a large building pro-
vided for that purpose, the remainder returning to the
prison. The dinners of those who remain on the island are
always sent to them, each convict being allowed for his &B-
-OW one pint of soup a pound of potatoes, a certain quan-
tity of meat, and viz minces of bread—a meal which is
stated to be far better than that supplied to the unfortunate
paupers In many of the workhouse. Oa Friday the con-
vict& were in charge of a chief warder named Bullion, and
on the soup being served net to them man yof them dedared
it was not • , 400 d enough" for them, one of them dialling the
contents of his basin into the face of Mr. Burton. This
was the signal for a general uproar, and the contents of
innumerable basins were thrown over the chief warder,
who was drenched to the skin. The warders, who were
locked inside with the convicta, in vain eudeavoured to
restore order, but the ringleaders threatened to murder
them if they artempted to interfere, and then commenced
smashing the windows and throwing their (nips and tiny
about. They also commenced tearing up the tables and
stools, and armed themselves with the fragments, at the
same time hooting and yelling in the moat horrible manner.
One of the convicts, who goes by the name of " Bassett.,"
mounted a table and harangued his fellow-prisoners in vio-
lent terms, exhorting them to free thenivelves and not to
return to their work. He also entreated them to stand
by each other and to kill any of the warders who
attempted to interfere. This was followed by load
shouts, after which Bassett called for a wog, sad
the whole number shouted out several low songs lin
chorus. During the uproar, the warders.in charge of the •
men used every endeavour by entreaty and otherwise to
bring them to a state of subordination, but without effect ;
and the comparatively small number of warden on the
island left them quite at the mercy of the infuriated con-
victs.

It is usual for the convicts to be locked in during the
dinner hour ; and immediately the outbreak commenced
they demanded to be released. This, however, was not
complied with : but immediately the dinner•hour had
expired the doors were unlocked in the hope that the men
would resume their work. Directly the convicts were re-
leased a few of them went toward* their work
with the intention of resuming it, but the
ethers, released from all comparative control, smashed
the windows of the adjoining building, Uwe
down the spouts from the roof, and endeavoured to
wrench off the bars from the windows, but were unsuccess-
ful. A number of free workmen on the Wend were so
alarmed that they rushed to their boats and rowed off into
the middle of the river. Several gentlemen on the opposite
side of the harbour hearing the uproar and making out the
mutinous state the convicts were in, put off to the island,
but the most fearful threats were used towards them which
rendered it unsafe for them to attempt to land. The con-
victs all this while were destroying; everything they could
find cm the island, the regulation boards being broken up
and thrown into the river, their tin cups and cans being also
thrown away, and several of them taking off their serge
coats and filling them with stones hurled them also into the
rim.
In order to obtain the assistance of the warden of the
prison and also that of the military, the alarm signal was
hoisted, but its purport did not appear to be understood, ail
no assistance arrived from the prison or garrison for some
time, when one of the principal warders arrived in a teat.
The convicts, however, threatened him that he should be
murdered if he landed. The warder, however, succeeded in
getting ashore on a secluded part of the island. By this
time uumbers of the convicts bad resumed their work ; seve-
ral of the more desperate characters, however, still con-
Uniting their excesses.
It might seem a matter of surprise that none of the war-
ders attempted to fire GO soy of the convicts. The prison
regulations, however, positively forbid any convict to be
fired at, unless he attempts to escape, or moults a warder,
in which latter case he maybe run through with a bayonet.
Although during the outbreak the must fearful threats
were used towards the warden, yet not one of them was
struck, which accounts for no severe measures being taken.
Towards 5 o'clock, the hour for leaving work, most of the
mutineers had calmed down, and the opportunity was then
taken to remove nearly the whole to the prison. Several
of the ringleaders were left on the island, and an extra
number of warders having then arrived these were secured,
and all chained together and removed to one cell, where
they have since remained.
A full report of the circumstances has been made by the
Governor to the Home Secretary, and an investeratioa
will be instituted by Captain Gambier, the Lbrector-Geeeral.
During yesterday and the previous day the own confined
kept up • continual disturbance in their cell, by booting,
kicking, and yelling. The whole of the warders VIM 021
duty yesterday, in ease of a fresh outbreak.

CITY OF LONDON HOSPITAL FOR DISUSES OP
THZ COMM, VICTORIA-I...Z.—The number of patients re-
lined attbis institution during last week was 1,(10,0( which
WC wore new case.
(Advertisement. )-EIOLLOMAT'II OINTMENT AND
Pit LC—Disease of the Skins—Scrofula, scurvy, scorbutic erup-
tions, and all cutaneous complaint., caused by Imperfect diges-
tion, deleterious gases, or au impure state of the blood. may be
most speedily, safely, and permanently mired by Holloway's
well known remedies. The active principle in both Ointment
and Pills is so harmiesa, yet so powerfully restorative, that the
moat Inexperienced person may use them with the certainty of
producing the best result& The Pills quickly remove all impurity
from the circulation and system generally, while the Ointment
eradicates the si:eargscial bkaaish. In the irritations of the skin
so annoying In ancy this Ointment will prove itself the best
friend to both and none.

same security, it is satisfactory to remark that
the success of the new loan shows conclusively how
money may henceforward be raised for the
Indian railways. These great works having once
been undertaken must he completed. Their com-
pletion is, indeed, indispensable both to the de-
velopment of the resources of that portion of the
empire, and to economy in the military expendi-
ture. It has been found that a five per cent.
railway guarantee from the Government will no
longer bring in the requisite supply of capital.
Holders of the various Indian railway securi-
ties were, therefore, beginning to fear that there
might be a question of increasing the rate of
guarantee. Were 54 or 6 per cent. to be given
on new issues of capital, all the existing 5 per
cent. guaranteed stocks would of course be heavily
depreciated. It is a considerable point in favour
of Indian railway investments of every class
that this apprehension may now be en-
tirely dismissed. It has been proved that
although the public, by some process of rea-
soning, will not provide money at 5 per cent. if
the railway companies intervene, they will provide
it at that rate (or a mere fraction higher), even
faster than it is wanted, without the companies'
intervention. The Government must therefore
defer to the taste of capitafista, large and small,
and let them have future issues in the more
acceptable form. The present is the first loan
raised directly by the Government for railway
purposes. If requisite, the State must go on in
the same course, and, as it may be said, become
itself an investor in its own railways. This in-
volves nothing anomalous, for railways in India
are essentially Government undertakings ; and the
Government, who are represented at each com-
pany's board, possess a power of veto upon any
transaction. The success of the new loan, there-
fore, is matter of congratulation, whether it be
viewed in the interest of the State or in that of
the railways. Satisfaction is expressed, too, at
the evidence which 13,000,000 f. of subscriptions
afford of the existence of a great mass of capital
available for investment, even at a time when the
value of money is extraordinarily high ; but this
is a point upon which no doubt ever rested, and
upon which no demonstration was therefore re-
quired.

gee eirilrefifS•

TO OIaIIIIIIONDIDITS.
llow,Nommb bisadwl r. "no Swam " toadion Twomboi
mob be as Ow Moo, 10. BiIIiVIIIWOOMBek. by Two
we Ibo Mg of poillsailes.

lIATILUILERT.
UN Immo, Tilt RIVAL& Kowa J Brougham, linear.
etuppenalsk. aad Ilter blase . Inn Y. Stirling. —and le LEN
LA lA' hl HU A SU HMI CHILDHAN . at. Harlequin and a House
au r M. Mart Cult, Thaltrelareaue, BIM r. Wright. Ylw E.Weekee.

PRI AMISS.
Tu ircummo. DON C SSAIt DS DAZAX. Messrs Feebler,
T.Ster.& Shore. Kiss M. HAMS. Yrs.% este& —Aod Yisd)N
lilt 414 or. Darlsoals YrtAsy, mad The Slog of tbs Carl-flame
1.10A44. Moos. IligAsosa t YAW. Y. ltutilatre, 11:. A. Fond.

ST. JAMES'S.
TRIP tranos. MY WIPICA JoVILNAL —THE ME OP T.
TIO WEE Messrs. A. Wigan sad Leery lira Buckingham Whits.
—Ain* lINDYIIItiN. Mann C. Young awl t Im.nc. Illssos
Carp, lierfert, and lamp. —Comma e at half past 7.

BRITANNIA.
TRIP RTIINOIR THE LA4T APPEAL—THE PRINCE AND
THE DOB[ Banns. Pitt. Pony. Jean Lana. Roby. k Newham.
DON C. Ilaspara, NW A. Dunni Mrs W. crauf”nt.—And
JOAN OP ARC. Mews. Lem.lda A Nng. iajtbral MisaLCIA)B.w.

MI WATER AT LONDON BRIDOL
TO DAT —Mottle& Sh 13a. ... Afternoon, 711.1 f.
timessaow—Morolni, 3h. 4 . Altana" a. Wu.

LONDON, MONDAY, FEB. 11.

Tea new Indian loan has been the principal
object of attention in financial circles during the
past week. The reception given to it is so much
more hearty than was generally expected as to
have excited surprise. The Indian Secretary
asked for three millions, and thirteen millions and
a quarter were offered to him. For the protec-
tion of the Government he went through the
usual preliminary form of fixing a price below
which no tenders would be accepted. When they
wen• opened it was found that 6,000,0001., or
double the amount required, was subscribed either
at or above the reserved price. Consequently,
Government get the whole amount required at an
advance upon their minimum. Had the price been
fixed only per cent. lower, it would have
embraced eleven or twelve millions. There can be
little doubt that Government would have obtained
better terms had it not been for the bad effect
lately produced by the discovery of the private
creation of upwards of 3,000,0001. of this same
stock, which undoubtedly damaged the market for
it. Taking the transaction as a whole, however,
it is one of the meet suocarful on record. That
the public should have a liking for the stock is
very natural. It is an excellent investment. It
offers to an investor precisely what he is in search
of in these days of heavy taxation—five per cent.
interest for his money combined with perfect safety.
It is not at all surprising that Consols should be
thrown into the shade with this competition. How
can the public be expected to absorb
with readiness a stock which yields at
the present price only about 31 per cent
interest, when another Minister of the same Crown
offers them five per cent. I The "sweet simple-
" city " of the Three per Cents. may count for
much in the estimation of bthe large clam who
cleave obstinately to old channels of investment
merely because they are old ; but • difference of
11 or 2 per cent. per annum in favour of Indian
Fire per Ceuta as compared with British Three
per Cents. is powerfully calculated to shake old
prejudices. It is the competition of the Anglo•
Indian exchequer against the British exchequer—
the competition of the British SEIItETAZY of STA=
for INDI♦ against the British Cxarcetwa of the
ca. So far es the degree of security is con-
cerned, many persons will regard this asadistinction
without a difference. Both Ministers hold office
from the British Crown, and are responsible to the
same Parliament. The lege of the British nation
is held over Indian Government securities, as well
as over those of our own Government ; for can it
be alleged fora moment that India is not an
integral part of the empire f iewing the matter
from this common-sense ground, does it not seem
absurd that the distinction kept up between the
two Tressuriss should be permitted to canes a
waste of or 1 1 per emit. in the annual charge
of the Indian debt? The;appropriation of this
amount to the purposes of a sinking fund would
greatly reduce the debt in the course of a few
years, and would unquestio•ably consolidate the
credit of the empire. This is a view which neither
the nation nor Parliament may be prepared at
present to adopt, but which will assuredly be acted
upon hereafter.
The caprice of the public in the matter of in-
vestments receives a fresh illustration if we can.
pare the cordial reception given to the new Indian
loan with the indifference manifested towards
other securities similarly guaranteed by the Indian
Government. The scrip of the new Five per
Cent. loan stands at 1001 in the market, whilst
most of the Indian railway companies are vainly
soliciting the public to take at par debentures
yielding the same return, and endorsed, both as
regards interest and principal, by the self-same
authority. The Indian Secretary puts his name
to the railway debentures, and the public will not
take them except in inadequate amounts ;
ho puts his name to a stock bearing the
same rate of interest, whereupon capitalists
eagerly offer him four times the sum that he wants,
and the market immediately stamps the new issue
as worth 1001. The security, it may be repeated,
is identical. But the railway debentures, which
are really Government debentures, have one advan-
tage over the stock now created, inasmuch as they
are repayable at the option of the holder at one of
two fixed periods, and not at the option of the
Government. For example, the Five per Cent.
Bonds now offered by the East Indian and Madras
Railway Companies are for a period of five years,
but are renewable at the sole option of the holder
for • second period of five years at the
same rate of interest, provided he gives
notice to that effect twelve months previous
to the expiration of the first term. The option
in this instance is all to the advantage of the
holder. He may either have his bonds renewed
at the end of five years, or take back his principal.
On the other hand, the option of redemption of the
Indian Five per Cent. Stock rests exclusively
with the Government, and not with the holder.
This stock is " not to be redeemable until the sth
" July, 1870, but to be redeemable at par on or
" after that day upon one year's previous notice
" having been given in the London Gazetk by the
" Secretary of State for India in Council." The
holders are secured against any reduction in the
rate of interest for a period oP nine years
and a half. If the Indian finances at the end
of that term are prosperous and the
Indian credit better, the Secretary will probably
cut down the holders' income, offering them, of
course, the alternative of receiving their principal
back. But if the Indian finances are not better,
the holders will retain their stock, as they have
no right at any time to demand their money back.
Notwithstanding, however, the peculiar likes
and dislikes of the public in these matters ; their
eagerness for one kind of investment, and their
indifference to another possessing precisely the

The accounts of the progress of trade in the
United Kingdom during the past week do not in-
dicate any increase in the dulness lately noticed.
On the contrary, in afewquarters, including the seats
of the linen, hosiery, and lace trades, some improve-
ment is perceptible. The woollen trade may be con-
sidered steady, notwithstanding the great stagnation
in the demand for woollen yarns for exportation.
In the cotton manufacturing districts there is still
good employment for the operatives, although the
transactions in the Manchester market have been
limited. The continued unfavourable advice, from
India have a restraining effect. One of the most
unsatisfactory features presented is the dulness of
the hardware trades. Upon this point the ac-
counts from nearly all parts of the country are in
harmony. The trying character of the past year
for the agricultural interest may have much to do
with this feature. The iron trade continues ex-
tremely dull and depressed, the absence of American
orders being severely felt. This is a branch of
business which is much prejudiced when the money
market is tight.
It is a disgraceful fact that, although we have
now reached the 11th of February, the Board of
Trade P.eturns for the month of December have not
yet made their appearance.

THE BISHOP OP DURHAM ON "ESSAYS AND

Aliliiis.‘

The following letter has been received by the
Viewable R. C. Cole, Archdeacon of.Lindisfanse,
hew the Right Rev. the Lord Bishop of Durham, in reply
to as address to hie lordship from the Archdeacoary of
Liadisfarne, oa the subject of the wait entitled " Essays
sad Review.," reesstly published :
4.
" My deer Areidesoon—l beg to solosowl Lamina
edge Feb.
the receipt
of the address from yourself the real deem, sad to. cierp
of this Areholatooezy Liadhlferse. Having felt it to be
my duty to read with great care the volume of Emay,
and Reviews' to which the address alludes, 1 am not sir-
primed that the hearts of keret and faithful churchmen
should burn with isdignatioe at finding such a publica-
tion should have emanated from men professing to be
ministers of oar church. I am still lass surprised that
you are, as clergyises, deeply grieved at finding such dec.
trines ma be heard from say pulpit or professional chair in
oar lead. You my that you consider it desirable that the
bishops should at awe proceed ti vindicate the commonly
received catholic awes of the creeds, articles? and formu-
laries. I have mat felled to convey your opinion and wish
to a Lip ambit of my right reverend brethren. The sub-
jolt has andermine lass and serious consideration. The M-
asse of a beloved member of the family of the Archbishop
of Oenterhury, and a telegraphic summons to him, rendered
it emential to postpone hither discussion. You will feel
with me that say innebasioci determined upon in the absence
of that moot reverend prelate would have hat much of its
effect from the want el that weight which his wisdom and
annum would have gives to it. I feel that I should be
falling Way duty as your bishop if I hesitated to express
my most deliberate conviction, formed after the careful read-
ing of the' Sways,' that a more heterodox volume could
ware* have hops produced. The cautious style of the writers
e_pmelhly reader it dillindt Wino* out of this work a case
dined investigation ; but no candid reader can be
blind to the fact that inferentially the Atonement is denied,
miracles are explained away, prophecy is cast aside, inspira-
tion, in the only real meaning of the term, is rejected.
Under these painful circumstances, permit me to express
my hope that your exertions will not be limited to the
issuing the address which I have now received. I feel that,
as men of all shades of opinion in the church have united
in signing the address, because they are convinced of the
pressnos,-la the person of these seven emayista, of a com-
mon foe to Christian truth, so we should all unite in
dedicating ourselves afresh to the service of our Divine
Master. We should resolve not to allow mere externals to
divide us ; but, on the other hood, a common danger to our
consume Christianity should make us cultivate a spirit of
scriptural unity, redouble our exertions to obtain an experi-
mocha knowledge of the word for ourselves, to propagate
the gospel of Christ awing our fellows, and maintain in the
face of the world the value of the sullicieacy and supremacy
of the weed of God. It will be, in greet measure, by our
esnweleses. and by our scriptural teachim that
we shell guard the unwary from being led into paths of
web deoperoes speculation, rod elbow our abhorrence of
opinions which I, from my beast, ocessider to be not only
eletrimisietal to the beet Starlets of morality end derogatory
to the word of God, bat which are so manifestly opposed
to this truth as it is in Jesus Praying that God may bless
all attempts to spread the pure gospel of Christ through
the length sad breadth of our lead, I am, say dm arch
demon, very faithfully yours, IL liloirracio DUMMY.
Van. Archdeacon Cosa."

The Des/Ain Daily Zeprese his had a leader and
several letters ou • bill introduced test amnion by Mr.
Cardwell and the Irish A ttorney•General, taking away from
the public their undoubted right to fish or angle for any
kind of fish in the Irish lakes and rivers, and transferring it
to the proprietors in fee. Thousands of families earn their
livelihood by fishing, of which they would be deprived
by this most unconstitutional bill, which ought to be at
once withdrawn. Alderman Joyat read paper before the
Dublin Statistical Society on this question, which will pro-
be* be brought to the notice of Parliament.

At the aoirece of the Southampton Athenreum
last week, Sir Henry James, the director of the Ordnance
Survey, mid, "That they bad received authority, at least
they had inserted it in their estimates, and trusted that par-
liament would grant the sum of 1,000/. to enable them to
conned the great triangulation of this kingdom, from which
they bed derived the exact—or as they believed, the exact
—miesmrement, extent, dimensions, figure. and density of
the earth with that of the Continent. They now found
that the trigonometrical surveys of Belgium, Prussia, and
RUMS& were so far advanced that if they could connect our
triangulation with that of Belgium we should have the
means of giving a still severer trot to this measurement,
and to measure an arc of parallel, attending from the west
of Ireland to beyond the Oural mountains—no lean them one-
fifth of the entire circuit of the globe, and he trusted that
if they were favoured with seasonable weather is the
rpneg they worr,d carry it through and bring it to a dose.
Thi would be the greatest trigonometrical effort ever
attempted.

THE EXPRESS, MONDAY EVENING, FEBRUARY 11, 1861.

LATEST INTELLIGENCE.

PRUSSIA.

A letter from Berlin of the 4th says that after
the adoption by the chamber of the amendment
relative to Italy, all the ministers offered their
resignations to the King, but they were not
accepted.

The government journals at Vienna express
great indignation with Prussia on account of the
vote, and connect it with designs for exalting
Prussia to the headship of a German empire.
At Turin the enthusiasm is so great that a na-
tional testimonial to M. de Vincke is spoken of.

16%1'. •

AUSTRALIA.
XELBOURNE, Dic. 26.
Advice* from New Zealand state that there had
been no further aggressive inovementa.
The arrival of the Robert Lowe had infused con-
fidence.

Trade at Melbourne is quiet. The following are
the departures of gold ships since last mail : the
Hobe, with 7,309 ounces ; Moravian, 2,418 ditto ;
the Lincolnshire, 13,096 ditto ; Thames, 17,261
ditto ; Ydale (T), 5,778 ditto ; Monarch, 22,407
ditto ; and the Ocean Chief, 22,970 ditto. The
total exports of wool amount to 30,104 bales.
The Wallaroo copper mines have proved rich be-
yond all expectation.

The following telegrams have been received at
Mr. Renter'soilioe from the Peninsular and Oriental
Steam Navigation Company :
CALCUTTA, CHINA, AND AUSTRALIAN