The Express.
London, England, 1861-03-08 00:00:00

00XIIKRCIAL.

BOMBAY. FAA 12.
Since our last Writ= some little business has been done
in our export market. Owing, however, to favourable
accounts received from England by the last mail, which
arrived on the 10th instant, our import market for cotton
has beoome very animated, and prices for the staple are
steadily on the rise. We now quote for Dhullerah, old,
repee l3O to 133 ; new, rupees 13, ; Broach, new, rupees
160 to 162; and Oomrawuttee, old, rupees 117; new,
rupees 147.
Freights to Liverpool, 21. 17s. 6d. ; London, 21. 15e. ;
and China, 13 to 14 rapes per candy.
The money market is tight. The following is a list of
quotations s—London (Credit) 6 months' sight, Si. lid. ;
do. Documents, six months' sight, 2s. 1 13-ltd. ; do. Bank
Rates, six months' sight, 2s. 1 9-16 d. ; Calcutta, 3 days'
sight., 91 dole. per cent. crew. •, Madras, 30 days' sight,
97 dole. per cent. prem. ; China, 60 days' sight, 215 r. per
100 dole.

ITALY.

(THOM 001 0111

TURIN, MAICE 4.

Apartments in the royal *see are being pre-
wed for Simi Princess Olothilde and Prince Napo-
leon. A man* ago the presence of the prince
would have been ungrateful, and therefore it was
prudent? y postponed. His conduct in Tuscany, his
wish and efforts for the peace of Villafranca, the
part he took in settling by his signature the fron-
tiers between us and Austria, when be heedlessly
abandoned the three Mantuan districts beyond the
Po, where Austria still keeps her footing in Italy
—these were good reasons for looking coldly upon
his coming. But now by his frank speech in the
French Senate be has nearly removed our anti-
pathy ; he has made a virtue of necessity, and has
esoovised at last the genuine national feeling on
which the Italian revolution is based. It may be
said that he has renounced his hope of becoming
the King of Etraria, that he has abdicated iu
favour of the kingdom of united Italy, and that he
desired to proclaim this change in his send-
meats before setting out on his journey to
Piedmont. Now his presence will not give
rise to the suspicions and feelings of aver-
sion it otherwise would most assuredly have done.
But as Prince Napoleon has abdicated, may not
the same be said of Prince Murat 1 The cards
have now been shown, and the confessions of the
Frenchman, Ureter, and of Vavtlandt, prove
Dumas the novel-writer to be an agent of Murat's,
as I had suggested to you a month ago. The hand-
ful of Sicilian separatists who wish, no matter at
what sacrifice, to have a King of their own, arc also
in relations with the agents of Murat, both being
assisted by the Bourbon faction, whose maxim still
is, divide et impera.
In the month of March, 1848, Venice was won-
derfully liberated from the Austrian yoke, and the
chief author of the prodigy was Daniel Manin. It
did not happen, however, in the fulness of time,
so Venice relapsed beneath the Austrian rule, and
Manin died in exile. No contemporary, no histo-
rian will ever gainsay that great dead, unfortunate
though it was in the end. Accordingly, in the
course of this month the anniversary of that great
event is to be solemnly held, and a monument is to be
inaugurated in memoriam of the Venetian advocate.
The extraordinary news from Warsaw has roused
public attention here. People ask how it is that
the Poles, who in the great convulsion of 1848 were
nearly the sole people who remained immovable and
insensible, now suddenly wake up once more when
France is no longer uttering stereotyped phrases in
their favour, as she used to do in the times of
Louis Philippe ; now, too, that no one was think-
ing particularly about them f But Italy even in
1848, defied her oppressors. We also ask how it is
that Russia, powerful Russia, should be suppress-
ing that movement in so gentle a manner? Is there a
secret thought of taking away from Austria, here-
after, the slice of Poland she now possums, from
Prussia the other slice, and then of reconstructing
the kingdom of Poland with a second son of the
Romanoff race for its king ? Austria is in a state
of decrepitude, and she must make up her mind to see
the fragments of a ruined and once mighty edifice
used as materials for new structures •, her obstinacy
in wishing to patch up what is thoroughly dilapidated
will but precipitate the fall. Now that diplomacy
has resigned itself to the spectacle of a resurgent
Italy, it may feel the same resignation when wit-
nessing the disappearance of Austria, I mean of
the Austrian empire together with the throne of
the Spanish Bourbons.
Wo expect shortly the presence here of a French

ambassador. They are making extensive prepa-
rations in the palace of the French legation. I
cannot say whether the Baron de Talleyrand is to
fill the post or not. About the end of this week or
the beginning of the next the Chamber of Deputies
will vote on the ministerial proposition to declare
Victor Emmanuel 11. the King of Italy. As soon
as the two branches of the legislature have given
their sanction the government will send an official
communication of it to all foreign courts, when
acknowledgments or rejections will follow on their
part, and we shall be able to distinguish between
our friends and our enemies.

The fortress of Civitelbi, in the Abruzzi, still
holds out. The new general Mezzacapo (who suc-
ceeded Pinelli), on learning that he had been accused
of indolence, wished suddenly to attempt a coop de
main, though without proper means to ensure sue-
cess: he sent three columns to the assault, but each
storming party was repulsed. The lotus has been
trifling, but the Minister of War is dissatisfied with
the general, for he had no right to attempt to
storm a fortress before lie was quite certain of
success. The fortress is armed with heavy ordnance,
which we, the besiegers, at present do not possess,
but in a few days this want will be supplied.
Before long it is not unlikely that Count Cavour
will take the portfolio of Finance and give up that
of the Navy, as I wrote you word before ; but the
matter is not yet finally settled. The nomination
of President of the Chamber will take place in a
few days ; all the ministerialists will not vote for
Signor Rattazzi, but the minister hopes the majo.
rity will give him their support in this act of
conciliation.