The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-08-07

ihe Louuon ItHes points out tnat i0rtfcatlnnS
are the regular and appointed means for enabling
few to do the work off manv Skill to do duty for
strength, and men unaccustomed to war, or unequal
to its hardshps to count for thorough soldiers and
seasoned veterans-of course ramparts will not dis
pense with armies nor batteries work without artil-
lerymen. The material will not supersede the men.
it will economiZe them
The London Times city article saws: Lord Pal
merston speech last night has been regarded as a
digniHed expression of the thoughts which for two
or three years past have occupied the mind of every
prudent man. The stock market opened with a
decided tendency to frmness, and the general
transactions Of the day at an advance. The
fall On the Paris Bourse to-day nearly one half
per cent. In the foreign exchanges this afternoon
the rates on Holland and Hamburg were slightly
higher. No gold was taken to the bank to-day In
the railway market there has been fresh rise in
Shetiieds, and other stocks were generally firm.
The Daily Neics' city article says: Notwithstand-
ing the financial explanations the funds have not
rallied. Attention was directed to the firmness
adopted by the Premier in alluding to the policy
and possible designs of France. The fresh fall
winch has taken place on the Paris Bourse to day
IS attributed to Lord Palmerston's remarks The
Bourse was also affected by anxieties of fnan-
cial character 1t is generally believed in spite of
all official denials, that a government loan will be
brought forward in some form before long. France
has now two expeditions on foot-one to China and
the other to Syria.-and our own experience is con-
elusive that the ordinary sources Of revenue must
be inadequate. In the share market, as in the
exchange,
was almost suspended The discount market re-
tains the easy appearance lately noticed. The best
short bills are discounted at fraction below the
Bank minimum, but for six months paper 51& per
cent. Is still asked. AT the Bank business was quiet.
THE LEATHER TRADE
The accounts received from the provinces yester-
day were unfavorable. At Newcas tie Tyne, Mr..
Jonathan Priestman has been compelled to suspend
payment. The resources of this gentleman were,
1t IS stated, diminished to the extent of $40 000-
| Mi 1fy
in connection with the Northumberland and Dur
ham District Bank, Mr.. James Muirhead, of Glas-
gov, leather factor, occupying position, has
also stopped and it is feared the amount involved in
TINS case will be considerable. The affairs of Mr..
| Ihos. Butler, of High Wycombe, Bucks, leather
seller, are undergoing investigation. At Leadenha
market yesterday sales of leather were not pressed
aud, although very little business was done, prices
remained steady. English raw hides were in de-
mand, and, being short, they made rather higher
prices.
THE IRISH BRIGADE.
The London Posts correspondent at Rome wri-
ting on July II, says that of the hundred and
fortyfour men sent back to Ireland at the expense
of the Papa government, sixty -four were declared
unit for service by the medical officers, and forty
were discharged en- mdsse, having belonged to the
Irish constabulary but whether from this fact, OF
| from their own dsincnaton to serve on terms sc
far inferior to what they had been accustomed the
writer Is unable to state. statement drawn up
| by one of the constabulary, late of Dublin, de
clares the Irish treated in a mCst disrespectu
| cruel and treacherOus manner by the Roman au
thorities. They are trampled on by the govern
ment, hated and detested by the people of Italy,
The Posts correspondent says that letters are be-
ing regularly received at the British Consulate
| from men belonging to the Irish Brigade, begging
| for assistance in obtaining their release.
SICILY AND NAPLES.
A despatch from Naples announces that Melazzc
had been attacked by Garibaldi, and that in order
to avoid civil war, the King of Naples had ordered
the total evacuation of Sicily by the Royal troops
| The Garibaldians occupied Melazzo.
| Garibaldi quilted Palermo on the 18th to join
| Colonel Medici, at his camp, near Melazzo, and
it is presumed he headed the attack on that
| place. According to unauthenticated report, how
ever, ,Garibad had disembaIked on the Neapolitan
coast.
A war tax of two per cent. had been imposed
on the property of the converts and the clergy in
Italy.
Letters from Naples from 2lst ultimo announce
that Garbaldi had left Palermo with 900 or 10 00C
volunteers. 1t is expected that Garibaldi would
soon effect landing on the continent.
The chiefs of the revolutionary movement al
Naples had caused an illumination of the whole
city. Crowds of people shouted "Garbaldi for
ever" in defiance of the royalists About ten OF
the late police agents have been killed. The mai
steamer from Syria is expected to-day.
Up to the present time the number of volunteer:
who have gone to Sicily from Northern and Cen
trail Italy amounts in all to ID, 900.
The London Morning Nelos of the 23rd ult re
| marks as follows:
We publish great news of Sicily. Our Naple
correspondent informs us that King Francis III
shrinks from the struggle for his last stronghold il
that Island. The arrival of Medci and small bu
| heroic army at Melazzo, appears to have deter
mined his resolution to withdraw all his forces t.
| the main land, and accordingly orders have beer
| given for the complete evacuation of Sicily. W,
are not informed whether the withdrawal of tht
Bourbon army takes place under a capitulation, a
our latest advices from Sicily mention the warfar
as still continued If the forms of an armistice ant
| convention are observed, the evacuation of Mes
| slna, with its ample war material must of neces
sity take many days. If not, Garibaldi's belliger
ent rights remain unimpaired, and it will only b.
for him to consider a matter of policy whether
ne shall quicken by few rear blows the departure
| of the enemy.
The illustrious general may fairly claim for him
self and his troops all the credit of this success not
withstanding the reserve of merit made by tn
King in assigning motives of humanity for the re
solution he has taken. The King well knows Carl
| baldTs policy; knows that that general will no
halt until he has proved whether the Bourbon O
the Italian cause has most energy in the Stellar
| States. His advisers must nave told him tina
there is no such thing as buying peaceable posses
sion of the continent by surrender of the island
| Garbaldi leads an army too small for conquest
| His power depends on the welcome he receives. IL
a territory where he is not wanted he can do moth
ing. Palermo was given up because the Bourbon
cause had no root in the soil, and because the ar
my had no faith in its flag. Garibaldi will nc
doubt advance to the mainland, carrying th
| touchstOne of war. 1t he should be received b.
the people and the army as an intruder, his follow
ers are too few to violate the rights Of the nation
but fhe should be hailed as liberator, nothin!
can save the reigning dynasty. The Neapolital
| government may have judged that the crown NIGH
be more advantageously defended on the mainland
than in Sicily, after what experience has taught
the efficiency and fidelity of its fleet; but it is diff
cult to believe that it has surrendered its strong
hold from any higher or less interested motive
| The impending evacuation of Messina is confes
sion of defeat, and new and great tribute to the
strength of the Italian cause. Francis III. canno
hope that his flag will ever fly again from the cita
del of that town; he knows that in giving it up b
gives it up forever.
General Garibaldi's warlike preparations hav
now attained an extent and power which make il
| improbable he will remain long inactive. We sin
cerely trust that spirit of moderation and unit,
will prevail at Palermo, and permitting the ma
chine of civil government to work easily, leave
him free to prosecute the great task before him.
| A letter from Palermo, dated July Is, says: Th
two steamers captured by the Veloce are the Erbi
and the Duca di Calabria, the two smallest vessel
in the Neapoitan navy. 1t is stated that they ha
| on board az, 900 ducats, 1000 pairs shoes, and
large quantity of provisions for General Bosco'
troops, not to mention n sword sent by the King
present to that officer. Must there not have bee
some cennivance on the part of the commanders
| these vessels. Otherwise the Veloce could surel,
not have taken both of them. However this ma
be- the captains still prisoners; and of the crew
fourteen have consented to take service under Gar
baldi Garibaldfs birth day will be kept on Au
gust l, and several officers give out that immedi
atey afterwards he will start for Naples, where ev
erythng is ready for him, without the necessity O
drawing trigger.
THE LATEST BY THE KANGAROO
THE LATEST VIA QUEENSTOWN.
LONDON, July 26.-The Daily Ne,cs' city article
| dated Wednesday evening, says: The funds to da'
were firmer, and closed at an improvement of Z
| per cent. A rally occurred the Paris Bours
| this afternoon, but was not generally known til
| after the close of the Stock Exchange. The othe
markets were also frmer, and there an almos
| general advance in British railway stocks.
| Advices from Paris state that the firm of Gran
vile, in the hide and leather trade, had failed
| liabilities fl20, 900.
Paris despatch says the Sandman governmen
consents to support Garibaldi in a proposal for ,
| six months truce between Naples and him
The opening prices for consols to-day are 9314 q
932s for money and account; new threes 9312 g
93%.
| COMMERCIAL INTELLIGENCE.
The commercial news mainly anticipated, the despa cl
| via Queenstown having failed to come to hand
| LONDON MONEY MARKET The money market wa
| slightly easier.
shares at 34K discount do. per bonds S3h
g2o. " WIN 0'-''" "' 'AA'e' '''S''' ERIE S"a'e' II
| LIVERPOOL MARKETs-L1vERPooL july 26-Bread
stuGs.-Wakefeld, Nash Co. report -four ad vanced Cd
and quote American 26s d30s. Wheat firm and advanced
| Id (g2d since Friday. Holders demand additiona
advance which checks business red los Cd 11ls white
lis a)l2s6d Corn dull but steady-mxed and yellow
| 30s (d31s, white 33s G134s.
Provsions.-Beef heavy. Pork dull. Bacon quiet
Lard buoyant at els Cd for prime Tallow uuiet-Nortl
| American 54s. (954s Cd
Produce-Rosn steady at As I'd @34s Sd, for common
Spirits of Turpentinc duh at SIS Sugar steady Coffee
steady. Rice dull. Ashes dul-pots 29s.
. LONDON MARKETs-LoNroN, July 26.-Wheat firm and
2s higher since the Goth Sugar steady Coffee buoyant