The Express.
London, England, 1861-02-09 00:00:00

RED SEA TELEGRAPH COMPANY.

The house then went into committee upon the: Red Sea
and India Telegraph Company, when
The CHAIN=..LOR of the 'EXCHEQUER, referring
to the agreement rude between Lord Derby's government
and the company, expressed his opinion that the guarantee
of the government must be understood to have been un-
conditions!, and that the bargain was not affected by the
failure of great part of this uotortunate line after the cable
had been submerged. Legal difficulties had, ,however,
arisen, and a bill had been prepared for re-estabffehing the
ornal understanding as a matter of good faith.' In order
to forward this bill he moved a preliminary resolution for
the amendment of the Red Sea and India Telegraph Act.
After a long discussion, in which the merits of the
prighsal contract, and especially the made in which the bill
had been introduced, u a private bill, were somewhat
severely criticised, the resolution was agreed to. .
SAVINGS BANES. '
In a committee upon the Post-o Mes Savings-hanks (Con-
solidated Fund),
The CHANCELLOR of the EXCHEQUER, in moving
a resolution upon which to found a bill, stated that its
object was to give new facilities for the deposit, of small
savings by means of the machinery employed by the Yost-
office in the receipt and payment of money milers. He
proposed to allow • minimum rate of interest 6f 2F. 10s.
per cent., with a power of increase within certain limits,
and to give a government guarantee.
The resolution was agreed to.
Tho house adjourned at five minutes to 11 o'clock until
Monday.

THE COTTON SUPPLY AND THE SLAVE TRADE.

Lord J. RURSELL, in reply to the deputation referred
to in yesterday's Ezprcm, said he entirely Concurred
in the general observations which had been made by
the different gentlemen, and the general object they had in
view was without doubt one of the most praiseworthy
character. He was of this opinion because the general effect
of the remarks was with a view to the suppression of the
slave trade. They must, however, bear in mind that in
other quarters strong efforts were made to show that the
slave trade was neceesary. As to the appointment of a consul
at Abbeokuta, be thought that the gentleman who said a
blessing would be conferred on the country by the appoint-
ment was quite correct. It was gratifying to find that in
that part of the country palm oil, cotton, and other pro-
ducts, abounded. If the appointment-of the consul would
promote the praisewortbyobject the deputation had in view,
he (Lonl.Tohn Rowell) promised them he would look into
the subject, and if there was no objection in the rules and
regulations of the appointment be saw no reason why it
should not be made. As to the conduct of the King of
Dahomey, he wished it to be under.tood that tbst was not
exactly in reference to the prayer of the memorial, which
was in chief the appointment of the consul, and he repeated
that he should be most happy to look into the whole matter,
and make the appointment if be could, especially if ho
thought it would in the slightest degree tend to extinguish
the slave trade. _ _

The noble lord's reply was received with applause, and the
deputation, having acknowledged their courteous reception,
then withdrew.

The deputation also waited upon Lord Palmerton, and
presented a memorial to the same effect.
Lord PALMERSTON, in reply, said that he received the de-
' potation with very meat pleasure, because he felt fully the
great dm portame of the subject on which they had come to
him, and because be was glad to find that subject taken up
by so influential a body as that represented by the depute-
' trots. The lint great question was that which relates to the
supply of cotton. It was evident that our supply from
America is precarious, and as yet our manufacturers have
relied entirely upon that one source for their supply. He
had long thought that the coast of Africa would, if pmper
encouragement were given, bu able to supply as much cotton
as we could want. But in order that this should be, we
must begin by entirely extirpating the slave trade. Many
people imagined that lawful commerce would ♦xtinguish
slave trade, but the reverse is the fact, slave trade extin-
guishes lawful commerce—we must put an end to slave
trade. The chide on the African coast derive direct profit
by selling slaves, and only an indirect profit from lawful
trade, and they have therefore a tendency ell favour of slave
trade, but they do not sell their own people, lett make
war on their neighbours to take prisoner', wh they
selL Much has been accomplished towards the sup-
pression of slave trade. The slave trade in Brasil
has reseed; 60.000 or 70,000 slaves used to ho landed
in Brasil, and each of those slaves represented at
least two more, victims of the violence ronimitted in Africa,
and of the miseries of the inland journey and the sea isiesge.
The government needs all the support which assort.-
time such as this can give it, JO istwonTiOE to ae-
complish the extinction of the remaining slave trade; and if
that were done, an immense supply of cotton, as well as of
other valuable commodities, would be °Maine! from Africa.
Lord John Russell entertained the came feelings as himself
upon this subject, and he was sure that Lord John would
favourably consider any practical suggestion which the de-
putation might make to him on the matters on which they
hail now dilated.
The deputation having thanked his lordship for his cour-
tesy, then withdrew.

APOTHECARIES' HALL —At a Court of Examiners
held on Thuneby, the following gentlemen were admitted
licentiates of the Society of Apothecaries, viz.:—Messrs.
W. T. D. Caldwell, of Kennington ; W. Edwards, of
Hampton, Devonshire; It. E. Huntley, of Bowdon ; H.
Homo, of Newasatlese•Tyne ; C. H. Nerve; W. F.
Bennet, of Bath ' • J. liollinworth, of Newton Moor, Che-
shire ; and A. G. Colquhoun, of Riseley.
DETIITAL PALACE. Ou SHILLING DAT. —•
FRIDAY, F. B.—AAlaiiidow ea payment, 585 ; ditto
by saws Skesii. 504 ; total visitors, 1,085.
MAGNETIC TOTS were, until lately, the only appli-
cation of the magnet to loyalist like a u•eful purpose ; now we
have HlMAlsfra ]assume BRUSHES Se. De. Harwell states—
" I regard them as the most perfect !trashes hitherto maile,crar
=a. thTihtiyare mechanical co
the nstruction, etfoyn, aord their
ne wi.l.l:t4heul!
i realism. dc. N.E,Connterfeits are being made.
.oHices,

..Loo Icn.—JAdeertiwnmc. J

ALL TIM M MIRCHARTF PROFITS.
n• snrctioNo. gunewl. 91. pir
1110 MILS IMMIX= awl Cu.. Y. Leadiii4l6llp, aft.

-
HA RIN ON lIIMB —N 11 W IIIODIL.
awns. mut rd 08..101, Itigestalrest.

ALLKN'S PATINT PORTMANTRAUB sad
TPA VELD SO RAGA with mews openings.
LADIES' DRAM TIVMICS, DIMINO LIMA, with Mien
WOK.
UL' urn amts. warns° and DIMINO CAAL,I, and
lOU other articles Aw home coatiorutal travelllnit. Illustrated
eateloeues for l vie home
pwt ter two stamps
tt ALLEN. Lite J W and T. Allen, Manufacturer of
OlR-
err Marra, It Vomitory and Military thantter lee separate cats.
ague .to and Strand, London.