The New York herald., 1873-10-23
ENGLAND.
Discount On Change and at the Bank-The
Movement Of Bullion-specie for America
The Tchborne Tribulation Approaching
Close-Sweep of Severe Gales.
TelfrMMs TO TIE NEW YuaK HEaALa

LONDON, Oct. %, 1873.
At the close OF business to-day the rate OF dis
count III the open market Tor three months bills
was 1I-16 per cent, or Gle per cent below the
Bank OF England rate.
BULLION FROM THE BANK.
The amount OF bullion withdrawn from the Bank
or England on balance to-day is $4,000.
SPECIE FOR AMERICA.
The steamship Batavia took 100000 in specie
from Liverpool for New York yesterday.
THE TICHBoRNE TRIAL.
Upon the resumption Of the Tchborne trial.
after the noon recess to-day, q note was received
from DR.. Kenealy, the leading counsel for the de-
fendant, announcing that he (Kenealy) was Ill ana
could not appear again to-day. He also expressed
the hope that the defence would be able to rest
their case tomorrow.
GALES ON THE COAST.
Heavy gales prevail on the British coast to-day.
Municipal and Commercial Compliments
to American Institutions and Progress
The Eric Railway Administration.
LONDON, Oct. %, 1873.
There was banquet at the Mansion House last
evening, at which there were about 800 persons
present, including representatives OF the various
city companies. Among the prominent guests
were ROn. Joseph Medii Mayor OF Chicago, and
Mr. p II. Watson, President of the Erie Railway.
prosperity to the Trade and Commerce OF the
United States and the British Colonies" and asso-
ciated the name Of Mr.. Watson with the subject.
Mr.. Watson, replying, thanked the Lord Mayor
for his nattering attention to his (Mr Watson's)
administration of the Erie Railway Company. He
spoke OF the difficulties necessarily attending such
a reformation as had dev0ved on him to under
take. He said the hearty support and approval
he had received in England strengthened him to
be overcome. Honorable and intelligent admins
tration for American railroads was as important,
he said, as sound government for the country.
Mr.. Medill was called ON to respond to the toast,
sThe Municipal Institutions of America In doing
so he TOOK opportunity to return thanks to London
for the aid sent to Chicago after her great fire.
Situation and Cabinet Policy-Thc
Relations With the United States.
LONDON, Oct. %, 1873.
The Right Hon. John Bright addressed an assem-
blage, estimated to number 10000 persons, in Bir-
mingham tonight
He commended the administration of Mr.. Glad
stone for its past legislation, with the exception
OF the Education act, which he said was framed in
q hasty manner and IS incomplete. He advocated
the repeal OF clause 25 Of the act, by which
denominatiOnal schools are allowed receive
payment from the public rates. In his opinion
general re-examination OF the question was nec-
essary.
Speaking OF the war against the Ashantees, Mr..
Bright said no one was more anxious than was the
administration for a reasonable and pacific adjust
ment OF the difficulty. He believed the interests
and honor OF the country would be best consulted
by the absolute withdrawal OF the British colonies
from the Ashantee coast at no distant date.
He then referred to the relations between Great
Britain and the United States. Some Englishmen
had spoken Of the Treaty OF Washington as hu-
initiating to Great Britain. The humiliation
was between 1861 and 1855. II ct that
time the British government had practised
toward the United States a generous neutrality,
the weather. classes OF England would not in the
main have sided with the insurrectionary slave
holding planters. II the newspapers here had
then dealt in a spirit OF fairness with our transat-
1antic knsmen the dispute settled by the treaty of
1872 would not have arisen. The conduct OF the
administration in reference to that treaty and the
subsequent arbitration under its provisions had
added nobler page to the history OF England than
had all the bloody battles recorded in its history.
He praised the Earl OF Derby for initiating the
method Of settling international disputes by arbi-
tration, for the reduction OF the qualifications
necessary to the exercise OF the county franchise,
for the redistribution OF the representation in Par
lament and for moving for reform OF the
game and land laws. He said that among
the questions which demand early solution
the last was the especially Of interest to the
agricultural laborers OF the country, whom the
present system tending to the requirement OF large
landed estates, debars from all hopes OF proprietor
ship in the soil.
He acknowledged the harshness OF the operation
of the tax upon incomes. Reviewing forty years
OF supremacy Of the liberals in the government as
years OF progress and prosperity to the country,
ne animadverted severely upon the conservative
obstructiveness and their present lack OF settled
policy, and urged the country to continue to sup
port the liberal party.
Mr.. Brgnt's address occupied an hour and ten
minutes in its delivery, and was received with
tagging enthusiasm to its close.
ERANCE