The Sun.
London, England, 1860-06-25 00:00:00

CN,' LONDON, MONDAY EVENING, JUNE 25, 1860.

themselves to those who had witnessed the Review
of 1803, and what a waste of years must have
vanished as they gazed I There was a Prince of
Wales then, as now ; though his Royal Highness
needsnot our assurances that he made a better figure
than his august predecessor of the Georgian age.
There was one present on this occasion, splendid in
the uniform of the Life Guards, whose life spans
the long war and the long peace. Lord Combermere
was present at the outbreak of the war in 1793.
Another familiar to all Londoners, marched past as
a private volunteer on Saturday, who had done the
same before George 111. in 1803. But we doubt
whether an experienced foreign critic who expressed
unbounded admiration on Saturday, and said he
would never desire to command a finer corps d'armee
than he then saw pass before him, would have said
the same on the former occasion. The Volunteers of
the last age had no such weapon as our rifle, nor had
they the opportunities of practice which the better
class of men reviewed on Saturday will probably
enjoy. Every one of these, it must be considered, is
a Volunteer in every sense of the word, in circum-
stances to avail himself of all the training that is
offered. In every one of them, too, we seethe leader
and earnest of a dozen other men as good as himself
who would tender their services on any emergency
sufficient to justify in their eyes the temporary
usurpation of military functions.
For picturesque beauty the scene could hardly
be mended. There was, indeed, an utter want of
that campagne surface, or that amphitheatre, which
has usually been selected for reviews. London has
no Campus Martins or Champ de Mars. The surface
at Hyde Park is, in fact, an elevated plateau, sink-
ing at the extremities into low wood and water.
The spectators being arranged along one side of
this plateau and the troops on the other, the
latter showed only their front rank, the rest of
the mass reseding down the slope. Accordingly,
the great force in the field was only perceptible
when, as it were, it melted into motion, and flowed
round the field past the spectators and the Royal
stand. All the adjuncts of the scene were as pic-
turesque as could be desired. The troops of the
Line who kept the ground afforded a pleasing con-
trast to the uniformly dark or neutral tints of the
Volunteers. The trees were crowded with spec-
tators, and we fear that many will never recover
the ruthless damage done to their branches through
the aspiring tendencies of the populace. The most
striking moment was when the Volunteers, having
formed again in their original position, first saluted
the Queen, and then raised a cheer which, if it lid
not rend the sky, certainly returned some of
its thunders. The cheers were responded to from
every side and corner of the Park, and we are sure
there was not a man between the Kensington and
the Bayswater roads who did not feel within him-
self the making of a soldier. Whatever the worth
of such emotions, of the demonstration itself there
can be no doubt, for it proves England to be at
heart a military nation.

(From the Daily News.)

The Grand Review on Saturday was in all
respects a triumph, such as those who witnessed it
are not lik sly to forget. No such sight has been
seen in our days. We have had indeed military
displays that have been on various accounts bril-
liant and impressive, but none so perfectly national,
none that combined elements of such peculL'r
and stirring interest as this great pacific demon-
stration. The moral significance of the whole is
summed up in the one fact of being a Volunteer
movement. Those fine bodies of trained men
that marched to the ground on Saturday with a
precision that delighted professional critics
knew nothing whatever of military discipline a
year ago. At most twelve short months, and
in many cases little more than half that number,
have sufficed to convert a hundred thousand
busy citizens into effective soldiers. No busi-
ness or professional occupations have been sacri-
ficed to produce this result. It is the rich fruit
of scanty leisure freely dedicated to a noble pur-
pose. Under these conditions the change appears
little short of miraculous, and we cannot wonder
at the exclamations of surprise, admiration, and
delight which greeted the Volunteers on Saturday.
But the explanation is simple enough. The perfect
discipline of the men represents the energy and
determination that has been thrown into the move-
ment. The sudden creation of this great national
army is a miracle which the love of "England,
home, and duty," easily works amongst a brave and
patriotic people. It expresses the stern but en-
thusiastic attachment which hue liberty inspires.
The mere whisper of danger to the land that en-
joys it, and the institutions in which it is embodied
has profoundly moved the whole nation. It has
summoned bands of volunteers in every part of the
country to the unaccustomed discipline of arms,
and, were danger imminent and threatening, the
same impulse would multiply their number tenfold.
This is the meaning of the demonstration of Satur-
day. It was the fete-day of constitutional freedom;
and everything conspired to render its proceedings
worthy of the occasion. As a mere spectacle no-
thing could be finer than the appearance of the
Park at the mustering of the Volunteers. The day
was of the best possible kind for out-door activity
and enjoyment, bright and cheerful, but not too
brilliant, bits of blue sky chequering the masses of
cool grey clouds that moved slowly across the sky,
and a pleasant breeze tempering the heat and giv-
ing freshness and elasticity to the air throughout
the day. Then the arrangements on the ground
were most picturesque. The actors and spectators
enclosed the open spaces of the Park so as to turn
its beauty to the best accouut. They were arranged
in a vast amphitheatre, or long ellipse, lying north
and south, the eastern line being a crescent of
gaily-dressed spectators, and the longer western
line covered with masses of the volunteer troops
in position, each line having as a background a
noble screen of wood. The intervening space was
brightened with moving uniforms, and animated
with martial music ; while all round surged the
great tide of. the many-voiced and ever-moving
multitude. Such a crowd of excited holiday-keepers
has not filled the metropolitan Park for many a day.
No praise, however high, could well be deemed
excessive for the Volunteers themselves. In their
discipline and soldier-like bearing they exceeded
the expectations of the most sanguine. If there
were any who doubted either of the reality or na-
tional value of the movement, those doubts must
have been set at rest. No proof could well be
stronger of the deep hold it has taken of the na-
tional mind than was given on Saturday. Apart
from the time devoted to the arduous work of drill-
ing, these Volunteers have spontaneously taxed
themselves to what is in the aggregate an enormous
amount. Taking:eight or nine pounds as a mode-
rate average for the outlay of each in dress and
accoutrements, the various corps throughout the
kingdom, consisting for the most part of men be-
longing to the middle and mercantile classes, and
necessarily of moderate means, have contributed
nearly a million towards promoting the most vital
and effective part of our national defences. This
pecuniary contribution is no slight sacrifice, but the
time and energy given to the work of training is a
still stronger proof of earnest and devoted pa-
triotism. But the sacrifice has not been in vain.
We may see already how much good the movement
has effected at home in the altered tone of public
feeling. It has steadied the more excitable portion
both of the press and of the people, and prevented
them from running, as heretofore, into the discredit-
able extremes of offensive bravado or senseless
panic. We have happily lost the old tone of inso-
lent swagger in referring to other countries or
speaking of ourselves, once too prevalent, but which
is only a sign of conscious weakness. The country
is no longer distracted with alarm by doubtful tele-
grams, by excited appeals from home agitators, or
false rumours in foreign journals. Our dangers,
whatever they may be, are certainly not less now
than they were twelve months ago. But the tone of
public feeling is very different. There is a calm-
ness and quiet confidence springing up in the pub-
lic mind, which blended with increasing vigilance
and determination is the happiest sign of conscious
strength. The demonstration of Saturday will
deepen and intensify these feelings throughout the
country.
There is another important aspect of the Grand
Review which ought not to be overlooked. It goes
far towards settling the vexed question of our
national defences. Every one must have felt,
in looking at the almost endless succession of fine
consecrate
oonriscesocturhanattter
y ptahcsoesuierlddhbovoreufossrs before the Queen on Saturday, that
such a force was after all about the best protection.
possess. .1 e
isVuorleunt toe er
militarytroo d
troops that;rill;
eu
triedffn et t
its
vho
eel
soldiers,
eehaverfes cleqlu
fpoi
prove,
oce
ved
e.
ihwfe
et khmne
they
ywh
bla eeydegdeo
certain,
na en ds
os
akmi lul
mostc o
much,
in comparatively quiet times, they would do tea
times more in seasons of actual alarm. There is, in.
fact, nothing that men of this stamp would shrink
from in a crisis of national danger. Prevention is:
better than cure ; and the possession of such a forc'a
is undoubtedly the best security against their actin
services in the field ever being required. While
this is amongst the most effectual, it is at the salute
time the most economical of all national defence s.
Military men are just now debating whether various
schemes of stone fortifications would be useful anal
effectual or not; but no man doubts the use and'.
value of themassesofliving fortificationsthat parada
in the Park on Saturday. If an invasion ever were-
to take place, the business would in the end be

•
settled not by stone walls, but by the masse.4 of men.
that could be brought to oppose the foe. Ilre need.
scarcely waste time in discussing, or money in expe-
riments as to the best protection against invasion,
when we have before us the simple maxim—
" Multiply the volunteers and we are safe." That,,
' we belieye, is the actual truth. Two hundred and-

fifty thousand of well trained Rifle Volunteers
would effectually prevent this contingency. We
earnestly hope that some means may be devised for
extending the movement, so as to embrace all classes,
and thus make the force not onl3 :large, but what it
ought to be in the truest sense—national. We have
the best possible material for effective rifle troops
in the more skilled and intelligent workmen and
artisans of our large towns. They would gladly
join in the movement, but they cannot afford the
preliminary expenses. Surely some means might
be devised for meeting this difficulty; and if so,
while it still continues to spread amongst other
classes, we should in a few months obtain double
the present number of volunteers. With 250,000
volunteers in regular training the question of
national defences would be practically settled in
the cheapest and most expeditious manner.

(From the Morning( Herald.)
"High sight it was and haughty," the scene wit-
nessed last Saturday in the world's metropolis. We
can recall no grander ebullition of patriotism to mind
than that displayed at the first review of our Volun-
teers. It boots not to speak here of the equipments,
marches, and manoeuvres; how citizen soldiers
wheeled, and circled, and pressed on in dense, un-
broken columns to the word of command; what
accuracy, precision, steadiness of movement were
exhibited by battalions of civil recruits ; how the
chivalry of England, Ireland, and Scotland com-
peted in noble rivalry, and what corps excelled,
where the nation contended with spontaneous emu-
lation, in martial bearingland all the pomp and cir-
cumstances of war—these things belong not our
argument, and they deserve a separate notice. But
that mighty heaving surge of national Volunteers
with its ridge of bayonets and crest of rifles, its
never ceasing sweep and resistless swell, was a
spectacle worthy of the pen that sketched " Mar-
mion." To us, however, it appertains to " point a
moral" rather than "adorn a tale," and so far as we
can gather up in one view the thoughts that rise be-
fore the mind's eye on beholding such a manifesta-
tion as that of Saturday last. To us, then, the
great feature of note was this, that every person
present at the review appeared to have a personal
interest therein. That marvellous picture of
Thucydides, where he describes the departure of
the grand armament for Sicily, at once took posses.
sion of the faculties. Every one gazed at the
assembled Volunteers as though they knew and re-
cognised in that dense phalanx many an acquaint-
ance, many a friend, many a relation. It seemed
as though this idea was uppermost—" Yonder is a
gallant, imposing, devoted array of patriots, every
man ready to lay down his life in defence of father-
land, The Sovereign of the realm will this day
acknowledge and publicly testify her approbation
of that spirit of self-denial and generous patriotism
which is the embodiment of that vast mass. Hence-
forth every man of them bears a charmed life ;' he
is consecrated to Isis country's service in his country's
need, and yet I claim many among them as my own
friends." It was not, therefore, as a mere military
demonstration that we can contemplate the review
of our Volunteers. The gorgeous array of soldiers
hired to defend their country may strike the senses
and dazzle the outward vision, and convey to the
spectators a bewildering notion of splendour, and
magnificence, and terror; but it never appeals to
the feelings, save on very rare occasions. This, how-
ever, was the distinguishing characteristic in Sa-
turday's demonstration, for the absence of flaring
costume and glittering equipment was the most
marked of external features. A military review
inspires most men with a chilling sense of cold
steel, hard stocks, formal salutations, arid stereo-
typed mechanical motions, and is neither congenial
to the habits nor feelings of Englishmen. Our
Volunteer review acted as an electric battery upon
the whole assembled myriads ofspectators ; it struck
a chord which vibrated through the metropolis and
the empire, and thrilled again responsive to that
very spot where one universal chorus of acclama-
tions greeted the Queen of England. But there was
no note of defiance heard in that vast assemblage.
The conviction that reigned in every breast be-
tokened more self-reliance than threat or menace
breathes. There sat that confidence of calm
assurance on every countenance which defies
fear, No heart quailed or felt any misgivings,
because the triple brass in which it was encased bad
never admitted the shafts of doubt. Let, therefore,
no foreign prince or power affect umbrage at the
volunteer movement. We know, indeed, that
when last organised, it was to hurl back
the challenge of war across the Channel. Napoleon
I. was lying in wait for a spring upon our shores,
but though he chafed long in his lair, the intended
victim was delivered from the peril. In 1803 we
find it stated that England could muster over
300,000 volunteers, but then the danger appeared
imminent and all but present, and accordingly the
object aimed at was near, tangible, and generally
recognised. No oee out of all that myriad throng
of last Saturday seemed impressed with any such
feelings as those which throbbed in the heart of
the country some GO years ago. There was no al-
lusion to France, no mention of Napoleon once
heard, though the calm, self-possessed, undoubting
confidence which pervaeed all was also mingled arid
softened by a sentiment of gratitude that such a
force existed. It was felt to be well for us that the
Volunteer movement was resuscitated, but no one
cared to justify the general conclusion on any spe-
cific grounds. " There," we said to ourselves, " are
our national defenders ; it may be that they will
not be needed, but come what may, it is better to
be prepared." And we are glad that this is the
spirit in which the movement has been conceived
and carried out, for whatever originates in panic is
apt to partake of the nature of its first cause, and
proves as transitory as spasmodic. It is not, how-
ever, to any single object or to any single genera-
tion that we wish this movement to be confined.
The last European war in which we took part
taught us many a useful lesson, though at an im-
mense cost. One of the most expensive and sug-
gestive of warnings was this, that it is not desirable
to depend on foreign mercenaries. This, indeed, is
a fact illustrated in the downfall of many empires,
but it was brought home to us more nearly in the
Crimean war. How, then, is a commercial people
to be trained up to arms except by some such sys-
tem as that of our Volunteers ? It is not enough
that our regular army and navy be supported by
voluntary enlistment. Conscription and the press-
gang arc happily unknown in this age of our coun-
try, and they could never be adopted again. But
however honourable to the national spirit, and how-
ever satisfactory, the gratuitous self-sacrifice of our
countrymen to the cause of their native land is not
likely to be fostered and strengthened, but rather
to ebb and decline by a studied depreciation of the
profession of arms. Moreover, our previous de-
fences are not sufficient, even now, to guarantee the
security and integrity of our dominions. On every
policy and healthy pa-
triotismground,
br ee fhoorve
e,
s ofo
us
i
gtoh encourage, extend, and
render permanent that movement which, on Satur-
day last, was stamped with the national signet as
one of the defences of this kingdom. We confess
it seems to us a reproach not free from dishonour to
our fair fame that some 30,000,000 of people, whose
ancestors conquered in every region of the globe,
both on land and sea, should be liable to repeated
panics on account of events in a country separated
by the ocean and which not fifty years since was
totally vanquished. No wonder we suffered in our
influence when we invited ridicule and the finger
of scorn. When the Cobdenic era of peace shall
have broken upon the world, when wars cease in
all lands, and the voice of strife is hushed for ever,
when the lion lies down with the lamb, and ambition
and cupidity are merged in universal content—
when, in short, human nature assumes the attri-
butes of the Divine—then, and not till then, can
we afford to ignore the profession of arms. We trust
that the demonstration of last Saturday is but the
preface to a drama of many acts. We rejoice, also,
that its success was beyond cavil, and beyond all I
anticipations ; for there were not wanting those
who have " damned" the movement " with faint
praise." Our Volunteers may now go on their way
hopeful and assured of no stinted meed of national
approbation. Already they have lived down the
sneer of fools and the slander of factions, and
silenced every voice save that of commendation.
Their self-sacrifice and ingenuous patriotism is re-
cognised and appreciated by their fellow-citizens,
and the highest and the most revered personage
in the state watches with a glow of admiration their
noble and disinterested efforts in behalf of their
country's safety. Let them, then, persevere and
still add to their ranks in the proud consciousness
that theirs is the cause which ennobles man and
immortalises heroes.

(From the Ifforntni Post.)

Could the old Greek poet who sang to his coun-
trymen that " not stone walls, but stout hearts"
formed the sure defence of cities—could he have
witnessed the scene which the capital of England
presented on Saturday afternoon, he would have
acknowledged that the citizens of modern, equally
with those of ancient, States arc imbued with a
perception of that truth. The review of the Volun-
teers in Hyde-park gave an earnest to the coun-
try ; the account of its details will convey to all
foreign Courts an impression of the real, practical,
business-like manner in which the question of the
national defences has been taken up by the English
people, of the intensely patriotic feeling which it
reveals, of the spirit of self-sacrifice which it dis-
plays, and which it in a far higher degree sug-
gests. England has not exchanged her sword for
the ledger, as gloomy prophets had once predicted,
andjealous rivals had been led to hope. All the
wealth and splendour, all the luxury and ease, of a
highly-developed civilisation have neither dead-
ened nor dulled the instincts by which suecessiye

generations of Englishmen have been bound to
their island home ; nor, if we may judge by the
glorious spectacle of Saturday, are they at all
likely to paralyse the energies-which the first pro-
spect of ,any real danger would call into play
amongst our people. No similar movement that has
taken place in Europe since the commencement of
the present century can at all be compared to the
great national arming of which we have just
nessed the first peaceful exhibition in the capital.
The great Volunteer movement, some sixty years
ago, sprung up under the menace of an immediate
invasion of our shores. The great arming of all
Germany in 1813 took place amidst the excitement
and the enthusiasm of an actual struggle ; it aimed
at throwing off the foreign yoke under which many
of the fairest provinces and proudest cities of Ger-
many then groaned. But the present Volunteer
movement in England is all the more imposing
from its very calmness. It is emphatically pru-
dential, precautionary, anticipative. The serried
masses of armed men that on Saturday rolled
past their Sovereign, and, at the termination
of the review, rent the air with shouts
of enthusiastic loyalty and devoted patriotism, were
composed of individuals who are sternly preparing
themselves for the work of soldiers, because they
have first, coolly and calmly, formed their conclu-
sions as politicians. They feel that their lot has
been cast at an eventful crisis in the history of the
world ; that, look to what quarter of the horizon
they may, the thunderclouds are seen to be omi-
nously piled up, and the storms threatening ere long
to burst, and, remembering the part which their
country has played in the past annals of the world,
they are resolved that the coming tempest shall not
find it unprepared, or unable to hold its own, even
' amidst the shock of battle and the clash of arms.

How utterly insignificant, when compared with the
national spirit and feeling which the spectacle of
Saturday revealed, how utterly insignificant are
the questions respecting the relative fitness of this
" noble lord" or that " right hon. gentleman" to hold
the seals of this or the other Secretaryship of State,
of the special training and peculiar dexterity by
which a diplomatist may contrive to extract a
Cabinet secret or unravel a Court intrigue—nay,
how trivial, beside this great fact, appears even a
considerable extension of the electoral suffrage to
the people ! These are but the accidents of a nation's
prosperity and power; the essentials lie in the in-
flexible resolve to be felt and respected as a nation.
By what electoral machinery a people shall be re-
presented at home, by what diplomatic traditions
and usages its interests shall be represented abroad,
would be questions not worth a thought if there did
not at the same time exist in the heart of the people
itself the high resolve to watch over its own safety
and to uphold its honour. We may have Eastern
questions, or Western questions, Italian, or Ger-
man, or French questions; but " the Independence-
of-England question" is the one by which, after all,
the others will be solved.

As a military display, as a proof of the earnest-
ness and zeal with which the one hundred thousand
Englishmen, of whom the bands in. Hyde Park
formed but a small portion, are now performing
their self-appointed duties, the review on Saturday
far exceeded the most sanguine expectations. Old
military men, by no means disposed to judge over-
leniently of these modern train-bands, loudly ex-
pressed their satisfaction and surprise at the great
progress made in so short a period and under such
comparatively disadvantageous circumstances. The
men who during the last six months have so untir-
ingly and uninterruptedly continued their drill
may at least have the satisfaction of feeling that in
no real campaign are they likely to be exposed to
more inclement weather than that which has pre-
vailed during the period of their apprenticeship
in arms. But the glow on their manly counte-
nances and the play of their athletic limbs showed
that burgher and yeoman have alike benefited by
exercises which, whilst the first of national duties,
are not the least in the class of invigorating 'sports.
It was a great scene, and it was one in which the
spectators all felt that they, too, possessed as deep
an interest as the more immediate performers on
that stage. Female beauty and affection were there,
not merely to embellish and adorn the scene, but to
contemplate, it might be, the mimic shadows of
stern realities of war, in which a father or a hus-
band. a brother or a son, was preparing to play his
part. The Sovereign before whom these martial
bands swept past, for whose person, whose family,
whose throne they would offer up their lives, must
have been inspired by the proud consciousness
that, by the faithful discharge of every domestic
and public duty, she had made the loyalty of her
people to be something very different from a mere
abstract principle or political necessity, that it
wound round her throne with the tenacity of
strength of' the deepest personal reverence and love.
She must have felt that, should a day ever come
like that in which Elizabeth told her assembled
troops at Tilbury that she feared the attempt of no
foreign potentate or prince against this country, for
she felt secure in the affection of her own subjects,
having always so lived and reigned that she had no
cause to fear those whose happiness she still endea-
voured to promote—in the event of Such a day of
trial again breaking upon England, she, too, may
hold, with equal right, and, by God's blessing,
with equal success, a like language to her people.
Not the least recommendation in our eyes of the
memorable scene on Saturday was its truly pacific
character. No sane man could for a single moment
dream that the classes who contributed to swell
the ranks of that armed host would ever blindly
and recklessly plunge their own country in war, or
seek to assail the independence of any neighbour-
ing State. Shortly after the conclusion of the war
in 1815 the venerable statesman who so lately
poured forth the prophetic strains of his old expe-
rience to the youth of Edinburgh, and who but a
few nights ago denounced in the House of Lords
the cruelties and the horrors of the Neapolitan
Government, summed up the guarantees for the
pacific dispositions of our country in the memorable
sentence, " Britain is bound down to keep the
peace in rccognisances of eight hundred millions."
There are none whom these recognisances more
strongly bind than the citizen soldiers of the volun-
teer force. All their pursuits, and pleasures, and
prospects—all their interests and hopes—are bound
up with the interests and the hopes of peace. We
do not speak now of those of aristocratic name and

ancient lineage who have enrolled themselves in
the volunteer ranks as heartily as their ancestors
half a dozen centuries ago would have obeyed the
call of their Sovereign to do the knight's service
by which their broad lands were held. We speak of
the scholar who has left the desk, of the merchant
who has left his counting-house' of the flower
of our artisans who give up the time which
is their chief capital, of the great capitalists
themselves whose names would be good on
any Exchange of Europe for half a million.
If such men have armed it is in the spirit of
forecast which prompted the Latin counsel, "If
thou desirest peace keep still prepared for war."
In the great drama of national as of individual life
Hamlet's remark holds good, that " the readiness
is all." We desire to preserve peace for ourselves ;
we have no wish to disturb the peace of others.
But the peace of great empires rests on the con-
sciousness of power—of power exerted to further
the lasting aims of truth and justice. A peace on
connivance, a peace by sufferance, a peace preserved
only till the first opportunity of war, a peace little
better than a hollow truce, is no peace at all ! Such
a peace only saps away the self-respect which is the
first foundation of a nation's greatness. Nor is that
a peace which would basely ignore our duties
towards other civilised States, be they weak or
strong, or the obligations—most sacred when con-
tracted towards the weak—or the claims that may
be 'addressed to England to redress the injured
and succour the oppressed.
The peace which England desires, the peace which
she demands, the only peace which she would accept,
is such a peace as will secure the equal fellowship
of nations—the fellowship based on justice and
"including mercy." That peace she has now donned
her armour to promote and to maintain.

By the deaths of Generals John Mackenzie and
Sir Robert Harvey the following army promotions will
take place :—Lieut.•.Generals Sir John Bell, Colonel of the
4th Foot, and Sir S. B. Auchmuty, Colonel of the ith Fu-
siliers, to be Generals; Major-Generals H. G. Broke,
Colonel of the 88th Regiment, and P. E. Craigie, Colonel
of the 31st Regiment, to be Lieut.-Generals ; Colonels
Gold, 65th Regiment, and C. A. Lewis, Grenadier Guards,
to be Major-Generals; Lieut.-Colonels Sulivan, sth Lan-
cers, and M‘Gee, 3d West India Regiment, to be Colonels ;
and Majors H. C. C. Somerset (Staff• office of Pensioners)
and Francis Carey, 26th Regiment, to be Lieut.-Colonels
in the army.—. Army and Navy Gazette.

The Calcutta advices by the last mail mention
that a notification had appeared a few days previously, in-
timating that on the Ist of June the Government would re
ceive tenders for the conversion, at the option of holders,
of the outstanding Treasury bills, amounting to about
£590,000 into Four, :Five, and Five-and-a-Half per Cent
stock. Same misapprehension having arisen as to this trans-
fer in the Bazaar, where it was regarded as a fresh loan, a
second notification was put forth, explaining that the mea •
sure was merely a conversion of one form of debt into
another, and further stating that the Government had no
intention of entering the Indian money-market as bor-
rowers during the financial year ending the 30th of April,
1861.

[ADVERTISEMENT:]— Holloway's Pills and Ointment--
Confidence, Punctuality.--Let the sick, be their ailments
what they may, confide in these two medicaments for a few
days ; let them give them a fair trial, and the gratifying
result will induce the sufferer to carry out the instructions
accompanying Holloway's curative remedies. In adopting
this advice no risk is run—no experiment tried ; that they
will purify, regulate, and heal is a fact. It is universally
admitted that Holloway's preparations overcome inflamma-
tion, irregularity, debility, and decay. The action of the
Pills and Ointment is corrective. The Pills internally and
the Ointment applied externally enter the circulation and
neutralize any morbid matter which may be present, and
'Which W 01.114 at ao distant date exert a baneful iAfiame,