The Express.
London, England, 1857-10-21 00:00:00

THE EXPRESS, WEDNESDAY £NING, OCTOBER

tubing influence will probably be long felt, and the
presents won efir Money =ll be kept up
*
tludigh effect of the
On th‘l3th insb. commenting :upon the rise in
the iallab rate of Amount to 7 per cent., we re-
marled that "If to avert a foreirl drain it should
" become necessary to raise the valve of money to
" eight or even nine per cent., why should panic
" ensue " It is most gratifying to observe that
confidence in the general soundness of our com-
mercial position Is daily gaining ground. The
symptoms indicative of an approach to panic were
confined to an early period of the crisis, and have
since disappeared. It is universally recognised that
ear monetary condition must inevitably be affected
by the extraordinary convulsion on the other
side of the Atlantic, but that the protective
measures now necessary will not be of prolonged
duration, since they will be rescinded directly
the foreign pressure is removed. Cases of commer-
cial embarrassment will undoubtedly occur, since
many firms here will be involved in a portion of the
leases sustained in America. Moreover, each strin-
gent phase of the money market brings to the
ground some weak houses, which may be said to
exist only through the fo,bearsoce of their creditors,
and the removal of which really adds to the strength
of the general commercial situation. The number
of such firms is believed to be at present unusually
1 small, and this is another feature which strongly
encourages the belief that the nation will pass
through the present crisis with unimpaired resources,
and with credit raised the higher in proportion to
the suddenness and severity of the ordeal success-
fully encountered.

Tut: return of Mr. Fox for Oldham without
opposition is highly creditable to a constituency
which, six months ago, was inadvertently betrayed
into apparent forgetfulness of the services and claims
of that distinguished man. To the circumstances
that led to his temporary exclusion from Parliament
it would be alike superfluous and ungracious to
recur; but we may be permitted to say, that as we
were amongst the first, when the recent vacancy
occurred, to anticipate the course which the intelli-
gent and independent men of Oldham were likely to
pursue, so we cannot forbear expressing our satiafae-
tion that those anticipations have been ratline. Mr,
Fox is one of those single-minded and gifted men
who, having won his own way—the way of frugal
toil and unavaricious merit—to political and literary
eminence, refuse to accept honours or rewords, even
from the people, on any other plea than that of
having fairly earned them. Far from sueing for
restitution of what he deemed his equitable right to
the representation of a town he had served so long
and well, Mr. Fox, we believe, has abstained alto-
gether from solicitation or canna of the electors
since the death of Mr. Purr. Ample time was
thus afforded for either millocrats or ministerialists

to try what they could do to secure his permanent
exclusion from the legislature, and the return of some
dumb or docile jobber in his stead. With unpreten-
tious dignity he seems to have resolved to take no
part in an unworthy competition for the seat he
felt he had not forfeited, and the positioe he had
legitimately made his own. The people of Oldham have
the character of being plain blunt men ; but they are,
happily for themselves, too numerous to be bullied
and too intelligent to be duped. They appreciated
as it deserved the honest pride of their old member,
and said they would have him for their member
Vain.

" As fate would have him king, thus fate hu

" crowned him." What a contrast Oldham presents
to the rapacious flunkeyism of other places! JI one
in every three of our boroughs would but for once
imitate this example of sturdy and self-respecting
independence, it would do more for the true promo-
tion of representative reform than any other tking
we know of.

gibe Court.

WINDSOR, Om. 20.

Her Majesty mad the Prince Consort, accompanied
►y the Princess Royal and Prince Allied, rode out co bone-
took yesterday afternoon. In attesdanee were Lady
Churchill, Mejor-General Bonnets, sad Colwell F. H. Rey-

The queen end Prince Conaort, with the Primer Royal,
walked In the grounds adjoining the Castle this messing,

Prroe Artllar, Prince Leopold, and the Primers Islam,
Lora, sad Beatrice, drove out in open canines.
Viscountess Jocelyn hr succeeded Lady Churchill se the
Lady In Waiting to ler Majesty.
Lard Brea sad Coked the lion. N. Hood have our-
ruled Lard De Tabby and Lisatanant-Geneenl Sir Frederick
Mawr r cow Led and the Breast in waiting.

The Limerick. Chronicle says that an order for
Limerick Moe, to complete the wedding drew of the Prince=
Hopi, hem been received et

His Excellency the Netherlands Minister arrived
4 tows lot reaming, trams tour at visits la &odes&

The Duchess boomer of Norfolk has left Aln-
wick, for Workiop Mawr,

The Marquis and Marchioness of Normanby are
osprey* la tows la a low dam from Windsor, en route for
!Imam

The Earl and Countess Stanhope are passing the
moos at Chovoutoi, tioncooka, Kest.
The Earl and Countess of Cork have returned to
tows from a tour of visite to Bcothusd.

Lord and Lady, Addis* Manners are expected in
Ma aa Saturday hos Chrveley Park, where they have
bra slaying on a visit to the Duke of Rutland.

Lord Alfred Paget left town yesterday for Suffolk.
Lord and Lady Harry Vane arrived in town on
Maeda, evezdag, tram visiting Lady Marian Alford at Ash-
ridge Park, agar Berkliamputaid.

The following are among the latest arrirala at
Brighton —The Court and Countess Montemolha, Vie-
countass Okatworth, Lord Kensington, Mr. Lawrance and
Lady Jane Peel, Sir Jamm Wygrsra, Lord and Lady Col-
cheater, Sir Thomas Maitland, Lady Charm& and family,
Sir Richard Gurney, Mr. and Mrs. C. Hanbary Tracey,
Hon. J. Stapleton. Major Cathcart, Admiral O'Brien, Sir
William sad Lady Norris, and Lady Charlotte Egerton.
.

The Rev. Jsmee Bsrdeley by been presented to
the rectory ot St. Anse's, !gamboge, by the Bishop of Ches-
ter, patron in right of his see.

The Shah of Persia, who is very fond of Arab
calligraphy and water-colour painting, has now in course of
executi. a for him, at Teheran, a magnificent Persian edition of
the Arabian Nights' Entertainments, towhich have been added
a number of pieces of poetry wanting in the Arab work. A
great number of drawings by the brat artists of the country,
and the beauty of the uniting, nadir this work unique of its
kind. During the last seven years a number of artists,
under the direction of the Shah himself, have been em.
ployed on it.

. .
The Sinle states that the possibility of uniting
Enpland end France by moans of • submarine tunnel hu
teen " yuctically and scientifically" conddered by a skilful
sagineer, M. A. Thome de Osmond. Thin gentleman has
submitted his project in the first Vacs to the Emperor, who
we. greatly struck with it. After...mitt the Minister of
Public Works, in mixed with the Minister et( Marine, named
• special oommiaskm, composed of the wet ashmmt scientific
noialdlitian ThY cemaimion hem deoldeit that M. Thome
de Chmassi wee us seereitreener. The INS& government
hen aloe ismod an their aids a eamodosies, ead it h pfto
bible that bt the reolg wring Preach ea Mesh engi-
neers will apply thiamine to the work of vigorously ex..
psi:Wag the preetieubiNty et the project."
DowignicHentirr, Ocr.l7.—The Queen ham been
ollesty, Esq ~ to be Secretary;
=is emft, Reg, to be AtateuerCieeerel ; Thomas John
Knight, Pao ,to be solleiler-Oeural ; sad Fradmirk Mait-
land-Imes, EN., ton Timmer, kelbo Wand of Tairoaais.
Coatis.