The Express.
London, England, 1868-01-20 00:00:00

It may be observed that the
dend is in some respects due '
capital. Where, b
been created, the only
almost invariably ordinary
Setting aside this point, it is, nevertheless, satis-
factory to find that the banks are increasing their
capital—not too soon, considering the immense
sums of money entrusted to them by the public.
Subjoined are the present amounts of capital and
reserve funds contrasted with the previous year :

CAPITAL.
1866. 1867.
London and Westminster £1,000,000 £1.498,720
Union
London Joint Meek
City
989,723
Insperial

£5,837,385

Total £3,218,665
GUAILLNTLE OR RESZEVE FUNDS.
1866. 1867.
London and Westminster £480,000
Union
London Joint Stock 324,791
City
Alliance
Imperial
It might have been supposed that the low rate '
of money would rather have increased than di-
minished the deposits with the banks. If people
can get but little interest for their money else-
where, it seems natural that they should leave it
in safety with their bankers until a more profitable
opportunity should occur. It is to be feared, how-
ever, that deposits have been decreased from the
necessity too many families have felt of trenching
upon their capital. It is satisfactory to find that
the distinction between ordinary liabilities and ac-

ceptances 113 now generally recognined, the only ex-
ception being the London Joint Stock, but as the
required information was given at the meeting,
the omission in the report was of no consequence :
1866. 1867.
London and Westminster—
Deposits £22,672,558 £12,010,571
Acceptances
19,267,40 Deposits ...12,071,097
t Acceptances 5,298,743
Deposits 9'193'332
Londondoint Stock „. 15,306,Z37
Acceptances 2,784,000
3,9430,622 { Deposits • . 2,229,791
Acceptances 1,418,387

Alliance—
Deposits
Acceptances

Imperial

Totals.

and Lesdantia, Mx whisk ancient - posts
lavished their best powers, were less tragic, than the real
sufferings of Maximilian and Charlotte.
It was pride that slew him, thinks the Post, and a not
unworthy pride. The sense of duty to his Mexican
companions in arms was one motive for his remaining to
shield them and play the game through ; an invincible
belief in himself, fortified by an irresistible desire to
seize on the hitherto denied chinos of that free unfettered
action of which he had dreamed in Europe, was another.
So he fell. It is sufficient to say that the Mexican
Republicans acquiesced in his sentence of death from
policy and es a warning to princes, without attributing to
them a malignant thirst for vengeance.
The Time oaks what protection has done for the la-
bouring classes of the United States. The very men who
have advocated high duties and prohibitory tariffs now
lament the unexampled blight of American trade. That
congress is half•repentant is shown by the new* that the
cotton tax has been repealed and the Anti-Contraction
Bill wood. Protection in the United States must die,
and the beginning of its dissolution appears to have
arrived already.

the Court.

OSBORNE, .T.ut. 18.

The Queen, accompanied by Princess Louise,
drove out yesterday afternoon, and her Majesty drove in
the grounds this morning, attended by the Durham of
Roxburgbe.

JAS. 19.
The Queen drove in the grounds yesterday afternoon,
accompanied by Princess Beatrice.
Prince and Princess Christian and Princess Henrietta of
Schleswig-Holstein, attended by Lady Susan Melville sad
Mr. G. D. Engleheart, arrived at Osborne yesterday tram
Savernake Forest.
Her Majesty the Queen, Prince and Princess Christian,
Princess Louise, Prince Arthur, Prince Leopold, Primus
Beatrice, and Princess Henrietta of Schleswig-Holstein,
attended Divine service this morning at Osborne. The
Rev. R. Duckworth officiated.
The ladies and gentlemen in waiting were in at-
tendance.
The Judge-Advocate-General had an audience of the
Queen yesterday.

- -
Despatches were reeeived on Saturday et the Colonial.
office from the Governors of the Australian colonies,
Ceylon, Hong Kong, and Gibraltar. Despatches were
omit to the Governors of Gibraltar, Malta, the Mauritius,
Ceylon, Hong Kong, lAbuan, the Straits Settlements, the
Australian colonies, the North American provinces, Ber-
muda, and the Bahamas.

letter, dated from the camp at Zoula, on the 3rd
inst. This correspondent 'hopes that before the
close of the year the prisoners will be released, but
he says that England must be prepared to provide
more than the two millions sterling modestly re-
_ _

...... _
quested by Mr. Disraeli. The budget of 1869 must
exhibit an expenditure of at least six times that

The arrival of Sir R. Napier, the commander-
in-chief, had redoubled the ezertiona of all depart-
menta in facilitating the advance of the different

brigades. He was expected to at once establish hie

he;dquarters at Senafd, and then to direct prepara-
tions for the advance of his force to Ategerat, and

perhaps beyond that place, in the direction of
Antalo. General Merewether and party, who had
made a tour of the country 37 miles beyond
SenaftS, give a satisfactory report. The cor-
respondent does not expect Magdala to
be wrested from the hands of its barbarous lord
until the English forces either take it themselves,
or, by showing to all Abyssinia that they can and
will do so, induce other chiefs to form a very strong
coalition and do it for them. There seems no

reason, thus far at least, to anticipate anything but
most cordial assistance and co-operation from the
natives of the country, after they are once per-
suaded of the honesty of the professions that have
been made to them. The water difficulty at the
coast is now in every great measure overcome, owing
to the number of steamers condensing in the bay.

A pipe will be laid between the Koomayloo and
Zonis, a distance of seventeen miles, for the convey-
ance of a more abundant and less expensive supply.
The climate of the plain has not hitherto proved in
the slightest degree unhealthy to the men ; in
fact, with the exception of a few hours in the
morning and early part of the day, which are very
oppressive, the weather is all that could be de-
sired.
The

correspondent of the Times had heard such
gloomy accounts of the state of affairs at Armesley
Bay that he had returned there from Senate, but
only to find there was no foundation for the reports.
This correspondent also reminds us that a large
army advancing through such a country as Abys-
sinia can be fed only at an outlay of labour and
time, every hour of which is costing the nation
thousands:
I don't envy the feelings of your correspondent the
" British Taxpayer," and those whom he represents, when
the miscellaneous items of expenditure for the Abyssinian
force come to be added up. The water alone costes° much
that the proposal which was so laughed at to supply the
force with tin ordain ire might almost have proved an eco-
nomical one, and would certainly hare saved • good many
lives among the mules, if these sagacious animals could
only have been induced to take kindly to it.
It would be very difficult to convey to one who
has never been in the East an accurate idea of
the appearance presented by the camp at Zoula
with all its belongings.
On the one side (says the Daily Newt correspondent) is
the bay, where ride at anchor such a fleet of magnificent
vessels—men-of-war, transports, and merchantmen—as is
seen but in the largest harbours of Europe or Asia ; on
the other aide, and apparently at no great distance,
rise chain upon chain of the Abyssinian mountains.
increasing in height an far as the eye can reach, until
their summits are lost in the clouds. Stretching into
the bay is a tolerably commodious stone pier, along
which a line of railway has been laid, and along which
are constantly pasting and reputing waggons loaded with
all sorts of warlike and commissariat stores, while by its
sides puff and scream mull steamers towing along heavy
barges with their freight of men, mules, camels, or ele-
phants. Stretching hitherward from the base of the
mountains is • sandy plain, whence the dust is constantly
whirling and eddying across the camp. At one time
sounds of music and cheering fall upon the ear, proclaim-
ing that another regiment has been landed, and is mewl-
ing up to its place in camp, while the sailors cheer them
as only British sailors can ; at another time a Babel of
voices—Arable, Mahrathi, Egyptian, Syriac, Greek, and
goodness knows how many dialects and languages
besides—with a rush of animals, tells that some vessel has
just discharged her cargo of mules, with muleteers more
wild and intractable than the animals they have in charge.
Here is • line of telegraph, speaking only of civilisation
and the humani►ing influences of mimic. ; there is •
bazaar, where civilisation is at such • low ebb as to
render the office of provost-marshal anything but a sine-
cure ; and all around are the white tents, where are en-
camped several regiments of her Majesty 'm British and
Indian forces. Many, if not most of these features of camp
life will disappear as the troops are moved up the hills,
and few will regret to exchange for a time the din, dust,
and confusion of Zoula for the bills beyond SenaN.

Hendricks Governor.
The West Virginia Democratic Convention has
adopted resolutions in favour of Mr. Pendleton for
the presidency, and of the adoption of his plan for
the redemption of the national debt.
The Georgia Conservative Convention has issued
an address protesting against the reconstructfen
policy of congress, and urging the people to unite
in opposing negro suffrage.
Continued negro outrages are reported from
South Carolina.
The New York papers publish intelligence from
San Domingo stating that the revolt in Hayti con-
tinues. General Salnave, with a large Hayden
force, had gone towards the frontier of San Do-
mingo.

(n ATLANTIC TZISORAPIL)
NEW YORK, JAN. 19. ,
The receipts of cotton during the past week at
the United States ports amount to 80,000 bides,
being a decrease of 4,000 bales, as compared with
the previous week.
The exports during the same period were—to
Great Britain, 49,000 bales ; to Havre, 9,000
bales ; and to other continental ports, 18,000
bales.

Stock of cotton at all American ports, 3W,000
bales.

EXPRESS FROM PARIS.

(PROM OCR OWN CORRESPONDENT.)

.sto o •• r
THE 4XPIIESS MONDAY E JANU Y
4 14 r
4.
ed that the demise of aark in. Daily News flirt profound so Is-tho grid foll NTFILIG foie, the paresst of the rebel debt, and the con-
ed
due to Ewe booms/ sot for
Maxissiliss, the mouroa ever bio Imo not far Ids trOlatiou of polies., lisdaring the concurrence of
aka', but far kis aonoobilt, whose proud spirit brake THE latiiiilNlAN EXPEDITI,IiIit ddlaocracy in the abolition of slavery, and thank-
however,. as)w shams lova imsitkos mighwing whirl it dlodolued to bed
ily recur* paid has as yet hue The u• " death of Toasts is more lard* gun wren she This morning our contemporaries publish letters the Ernioateldises for suppressing the rebel-
ordinary interest at 5 per cent. catastrophe of Queretaro. The fancied wets ef Protwilaos from their special correspondents with the Abyts.
--sisal con sat ilk - a dar is. whieh and modern poets have sinian expedition. The Doti), News has a valuable The Indians Convention Las nominated Senator
. . - c_s Hendricks Governor.