THE PERFECT SUBSTITUTE FOR

SILVER.

The real Nickel Silver, introduced more than thirty years ago by WILLIAM S. BURTON, when plated by the patent process of Messrs Elkington and Co., is beyond all comparison the very best article next to sterling silver that can be employed as such, either usefully or ornamentally, as by no possible test can it be distinguished from real silver. A small useful set, guaranteed of first quality for finish and durability, as follows:-

Total

....

Fiddle
Thread
Bead
or Old
orBruns-
Silver Pattern. wick
Pattern.
Pattern.

P. NORTHALL LAURIE, Esq., Governor, in the Chair,
The following report was read by the Secretary:

The Directors have the pleasure to report that the net
profits for the six months ending the 31st December last,
after payment of all charges (including the sum of
£112,487 1s. 10d. for interest paid and due to customers on
their current and deposit accounts), and making ample
provision for all bad and doubtful debts, amount to
or Lily, £114,323 14s. 8d., which, with £668 12s. 8d. brought for-
ward from 30th June last, make together £114,992 7s. 4d.

King's

&c.

9 19 912 9 613 9 614 17 3

Any article to be had singly at the same prices. An oak chest to contain the above, and a relative number of knives, &c., 21. 15s. Tea and coffee sets, dish covers, and corner dishes, cruet and liqueur frames, &c., at proportionate prices. All kinds of re-plating done by the patent process.

WILLIAM S. BURTON, GENERAL

to H.R.H. the PRINCE of WALES, sends a CATALOGUE gratis, and post paid. It contains upwards of 500 Illustrations of his illimited Stock of Sterling Silver and ElectroPlate, Nickel Silver, and Britannia Metal Goods, Dish Covers, Hot-water Dishes, Stoves, Fenders, Marble Chimneypieces, Kitchen Ranges, Lamps, Gaseliers, Tea Trays, Urns, and Kettles, Clocks, Table Cutlery, Baths, Toilet Ware, Turnery, Iron and Brass Bedsteads, Bedding, Bedroom Cabinet Furniture, &c., with Lists of Prices, and Plans of the Twenty large Show-Rooins, at 39 Oxford street, W.; 1, la, 2, 3, and 4 Newman street; 4, 5, and 6 Perry's place; and 1 Newman yard, London.

The Directors now declare a Dividend of 18s. per Share clear of income tax, for the six months ending 31st December last, amounting to £54,000, and leaving a balance of £60,992 7s. 4d.

This state of the accounts induces the Directors to antici-
pate that which, in the ordinary course, they would have
postponed until July next, in order that the proprietors
may participate in the profits of the past six months at the
earliest possible period; they have, therefore, appropriated
£60,000 of the profits of the past half-year to the reserved
fund; and out of such reserved fund, thus increased to

£170,000, they have appropriated £60,000 in adding £1 per
share to the paid-up capital of the Company, which will thus
be increased from £720,000 to £780,000.

After deducting the sums applied in payment of the
dividend, and in addition to the reserved fund, amounting
together to £114,000, there will remain a balance of
£992 7s. 4d. for appropriation in July next.

Cash in the Bank... £741,644 8
in Bank of England ... 779,686 13 7
lent at call
972,000 0 0
Investments in Government stock, Esche-
quer bills, Debentures, &c.
£118,460 19s. 8d., Consois (taken at 921)

reserve fund...

Bank premises, consisting of treehold
buildings in Princes street, Mansion-
house street, Argyll place, and Fleet
street; and lease and fixtures of No. 4
Pallmall East....
Loans, bill discounted, &c.

................

110,000 0 0 27,113 4 2 114,992 7 4 £17,444,884 51

£2,493,331 2 3
921,200 4 2
110,000 0 0

108,775 4 3 13,811,077 14 5 £17,444,384 51 £54,000 0 0 60,000 0 0 992 7 4 £114,999 7 4 £668 12 8

PROFIT AND LOSS ACCOUNT.
Amount of dividend cf 188. per share........
Appropriated to reserved fund
Balance, being undivided profit carried for-
ward to next half-year

Profit unappropriated on 30th June, 1863...
Amount of net profit of the half-year ending
31st December, 1863, after deducting ail
expenses, and interest paid and dus
(£112,487 18. 10d.) allowed to customers
on their current and deposit accounts...

114,323 14 8
£114,992 7 4
The Governor then declared a dividend for the past half-
year of 188. per share, clear of income tax.

Also the capitalisation of 60,0001. of the reserved fund, by adding 17. per share to each of the 60,000 shares of the Com

pany.

It was resolved unanimously,

CAPITAL £3,000,000, in 30,000 SHARES of £100 each.
FIRST ISSUE, 15,000 SHARES. •

Deposit on application, £1 per share, and £2 on allotment.
Calls will not be made at less intervals than Three Months,
nor exceed £5 per Share. It is not proposed to call up more
than £25 per Share.

DIRECTORS.

James Goodson, Esq. (Chairman of Great Eastern Railway
Co.)
Richard Spooner, Esq., (Deputy-Chairman of Bank of Hin-
dustan, China, and Japan).

James Duncan Thomson, Esq. (Messrs Thompson, Watson,
and Co., Cape Town), St Peter's Chambers.
Thomas Cotterell, Esq., 50 Eaton square (Director of Bank
of Hindustan, China, and Japan.)

George Smith. Esq. (Deputy-Chairman Kent Water-Works,
and Director of East London Bank).
Joseph William Holland, Esq., Birley house, Forest hill.
Robert Collum, Esq. (Director of Scottish Union Insurance
Company, and Director of the Finn Vaney Railway
Louis Nathan, Esq., 32 York terrace, Regent's park (Direc-
tor of Van Dieman's Land Company).
Richard Davis Heatley, Esq. (Messrs Heatley, Cowan, and
Co.) 6 Great Winchester street.

BANKERS.

Messrs Barclay, Bevan, Tritton, Twells, and Co., 54 Lom-
bard street.
AUDITORS.

Messrs Quilter, Ball, and Co., 3 Moorgate street.
John Godfrey Morgan, Esq., 11 York street, Covent garden.
BROKERS.

Sir R. W. Carden and Son, 2 Royal Exchange buildings.
Temporary Offices:-No. 17 Abchurch lane, E.C.

ABRIDGED PROSPECTUS.

The enormous increase of commerce and industrial enterprise has caused proportionate requirements for financial aid and accommodation, a large proportion of the most important works of the time being dependent, in their early stage, upon temporary assistance from the capitalists of the City of London.

The necessity for such facilities has long been recognized and successfully acted upon on the Continent, and it is now fully admitted here.

The Association will undertake all financial business of importance, including the negotiation and arrangement of loans on security of rates, harbour dues, or other similar securities, and will itself make a tvances wherever the transaction is only for a limited period.

The Shares of the existing Financial Associations are steadily increasing in value, and stand already at the following premiums on the amount paid up :

Author of 'A Pilgrimage to Meecah,' &c. "Captain Burton's ascent of the virgin summits of the Camaroons Mountains would have made the reputation of any other explorer. This is, at any rate, an interest worthy of the attention which Captain Burton devotes to it, and we thank him for a book which is as instructive as it is pleasant, as significant and suggestive to the watchful states. man as it is full of amusement for the veriest idler. To those who care only for amusement we commend his description of the Camaroons, and his narrative of the incidents which befel him on his route up and down them, while the serious and practical suggestions of the work will sufficiently commend themselves." The Times, Jan. 8th.

Tinsley Brothers, 18 Catherine street, Strand.

PROVINCE OF OTAGO GOVERN-T of the INTERNATIONAL SNEH in the

The BANK of NEW ZEALAND, Bankers to the General
Government of New Zealand, the Provincial Government of
Otago, &c., &c., give Notice that they are authorised to Sell
by Public Tender, the first instalment of £200,000 of the
Half-million Loan issued under the authority of the Otago

Loan Ordinance of 1862.

The Debentures, with Coupons attached, are issued in
sums of £100, bearing interest at the rate of € per cent, per
annum, commencing on 1st January, 1864, to be redeemed
on 1st July, 1898.

Both principal and interest are made payable at the
That the report now read be adopted, printed, and circu- Treasury, in Dunedin, or at the Bank of New Zealand,
London, as may be arranged.

Messrs SLACK have been celebrated fifty years for their lated among the proprietors. superior manufacture of Table Knives.

SLACK'S ILLUSTRATED CATALOGUE GRATIS, or sent post free, containing upwards of 350 Engravings, and Prices of Fenders, Fire-irons, Furnishing Ironmongery, Slack's Nickel and Electro-Plated Wares, Table Cutlery, &c. No person should furnish without one. RICHARD and JOHN SLACK,

Eronmongers to Her Majesty, 336 Strand, opposite Somerset House.

That the most cordial thanks of the Meeting be given to the Governor, the Deputy-Governor, and the Directors, for the able, efficient, and profitable manner in which they have conducted the affairs of the Bank during the past half-year. That the best thanks of the Meeting be given to Mr W. W. Scrimgeour, the General Manager, for the zeal and ability so long displayed by him in the discharge of his important duties.

That the thanks of the meeting be given to Mr Barton, the Manager: Mr Ingpen, the Manager of the Regentstreet Branch; Mr St Barbe, the Manager of the Charingcross Branch; Mr Beattie, the Manager of the Temple-bar Branch; and to Mr Newmarch, the Secretary, for the zealous and efficient manner in which they have discharged their several duties.

(Signed) P. NORTHALL LAURIE, Governor. Laurie, Esq., the Governor, for his conduct in the chair That the thanks of the meeting be given to P. Northall

DENT, CHRONOMETER, WATCH, PTOLEMY

1,171 1,171 "

Isaac Bogart.

(Building).
(Building).

and CLOCK MAKER by special appointment to HER Will be despatched at regular intervals from Liverpool MAJESTY the QUEEN and H.R.H. the PRINCE of WALES, to Bahia, Rio de Janeiro, Monte Video, and Buenos Ayres,

and

calling at Lisbon.

For particulars apply to LAMPORT and HOLT, 21
Water street, Liverpool.

OVERLAND ROUTE. Communication

Tenders will be received until One o'clock on Wednesday, 20th January, 1864, specifying the total amount of Debentures required, and the premium per cent. which will be given for the same.

A deposit of £5 per cent. on the amount of each Tender
must be previously paid to the Bank of New Zealand and
receipt for same enclosed in letter of application.

Tenders will be opened in the presence of all persons
interested, at One o'clock on Wednesday, 20th January, 1864,
at the Bank of New Zealand. The highest bidders shall be
deemed the purchasers, provided the prices are not lower
than the minimum placed in a sealed paper on the table
Where Tenders are made
before the Tenders are opened.
upon the same terms, a pro rata distribution on such Tenders
will be made.

taining specimens of the best exhibits in the International
Exhibition, from the works of the most famous English and
Continental Art-Manufacturers; also Engravings on Steal
and Wood of the Sculpture; accompanied with Essays, by
various contributors, on the Progress and Development of
Art as exemplified in the works exhibited; and a History
of the Exhibition: forming a most interesting and valuable
record of the Exhibition at South Kensington.

In 1 vol., royal quarto, cloth gilt, gilt edges, price 21s.
London: Virtue Brothers and Co., 1 Amen corner.

For Children under Fifteen Years of Age. Visitor.-The Lord Bishop of WINCHESTER. Warden. The Rev. F. V. Thornton. Head Master.-The Rev. T. Gwynn, M.A. Second Master.-The Rev. F. T. Wintle, M.A., &c. Boys are prepared for the public schools, for the Oxford, non-member examinations, and for agricultural and commercial life. Two scholarships of 151. each, tenable for one year, or at the option of the successful candidates. Nomina tions to Marlborough College are given every year. Terms: Second Master's house, nominated, 351.; others, 40ticulars, next Term begins January 25th. For further particulars, apply to the Rev. Thomas Gwynn, Candover Park, Micheldever Station, Hauts.

The Debentures contracted for will be delivered at the Bank of New Zealand, on Monday, 1st February, 1864, upon of Otago, and the Consequent influx of a large population, payment of the balance due thereon. The discoveries of Gold Fields in many parts of the Province-Head Master's house, nominated pupils, 451.; others, 501. have rendered immediately necessary the formation of roads, the improvement of inland navigation, the erection of public buildings, and the undertaking of other works essential to the well-being of the community. To these purposes the proceeds of this Loan will be applied.

The principal and interest of this Loan are charged and made payable ont of the revenues of the province.

The Revenue for the year ending 30th September, 1863, amounts to £321,007 6s. 9d. Expenditure, half-year ending 31st March, 1863, exclusive of roads and public buildings £101,632 18s. Sd. It is to be less noted that the Revenue for the last two years has been chiefly derived from the sale of town property. The sales of rural lands have been suspended until the land regulations are amended. From this source an increase of £100,000 may be expected to the Revenue.

Forms of Tender may be had at the Offices of the Bank, 50 Old Broad street, and at the Agency of the Provincial Government of Otago, Edinburgh; at both places the following ordinances and documents may be consulted viz. :

1. An Abstract of Revenue from 1854 to 1863 inclusive.

2. An Abstract of Expenditure from 1854 to 1863 inclu

by STEAM to INDIA, AUSTRALIA, &c., via EGYPT.
-The PENINSULAR and ORIENTAL STEAM NAVIGA- the Otago Gold Fields.
TION COMPANY BOOK PASSENGERS and RECEIVE

11th January, 1864.

OSS OF APPETITE, WEAKNESS,

CARGO and PARCELS at their LONDON OFFICE, for 50 Old Broad street, London,
GIBRALTAR, MALTA, EGYPT, ADEN, CEYLON, MADRAS,
CALCUTTA, THE STRAITS, and CHINA, by their Steamers
leaving Southampton on the 4th and 20th of every month.
For GIBRALTAR, MALTA, EGYPT, ADEN, and BOMBAY,
by those of the 12th and 27th of each month; and for LOSS
MAURITIUS, REUNION, KING GEORGE'S SOUND,
MELBOURNE, and SYDNEY, by the Steamers leaving South
ampton on the 20th of every month.

fession recommend that valuable stimulant, "WATERS'
QUININE WINE."
Manufactured only by ROBERT WATERS, 2 Martin's
DENT, 61 Strand (adjoining Coutts's Bank); 34 and 35 For further particulars apply at the Company's Offices, 122 lane, Cannon street, London, E.C. Sold by Grocers, Italian
Royal Exchange; and at the Clock and Marine Compass Leadenhall street, E.C., London; or Oriental place, South-Warehousemen, and others, at 30s. a dozen.
Factory, Somerset Wharf, Strand, London.
Wholesale Agents, E. Lewis and Co., Worcester,

ampton.

£1,000 IN CASE OF DEATH,

Or an Allowance of £6 per week while laid-up by Injury caused by

ACCIDENT OF ANY KIND,

Whether Walking, Riding, Driving, Hunting, Shooting, Fish
ing, or at Home, may be secured by an Annual Payment o
£3' to the

Railway Passengers' Assurance Company,
64 CORNHILL, LONDON, E.C.
MORE THAN 8,000 CLAIMS FOR
COMPENSATION
have been Promptly and Liberally Paid.

For particulars apply to the Clerks at any of the Railway
Stations, to the Local Agents, or at the Offices, 10 REGENT
STREET, and 64 CORNHILL.
WILLIAM J. VIAN, Secretary.
Railway Passengers' Assurance Company,
Empowered by Special Act of Parliament, 1849.

Authe

COURT and SOCIETY from ELIZABETH
to ANNE. Edited from the Papers at Kimbolton. By
the Duke of MANCHESTRE. 2 vols., demy 8vo. Fine
Portraits. 30s.
[This day.

deser TRAVELS and ADVENTURES of an

Strand

LADY

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LEGAC

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Strand

OFFICER'S WIFE in INDIA, CHINA, and (NEW ZEALAND. By Mrs MUTER, wife of Lient.-Col. D. D. Muter, 13th (Prince Albert's) Light Infantry. 2 vols., 21. "There is a great deal of pleasant reading in Mrs Muter's book, and a mass of valuable information."-Daily News. MEMOIRS of JANE CAMERON,

This narrative, as we can well believe, is truthful in every Or, NORTHERN AND SOUTHERN FRIENDS. important particular-a faithful chronicle of a woman's fall and rescue. It is a book that ought to be widely read."Examiner.

The DESTINY of NATIONS as

INDICATED in PROPHECY. By the Rev. JOHN
CUMMING, D.D. 1 vol., 7s. 6d.

"Among the subjects expounded by Dr Cumming in this interesting volume are The Little Horn, or the Papacy: The Waning Crescent-Turkey; the Lost Ten Tribes, and the Future of the Jews and Judea; Africa, Franee, Russia, America, Great Britain, &c."--Observer.

Anther Major-General CAMPBELL'S NAR

RATIVE of THIRTEEN YEARS' SERVICE among the WILD TRIBES of KHONDISTAN for the Suppression of Human Sacrifice. 1 vol., with Illustrations, i4s. "We venture to predict for this work a very extensive appreciation of its merits. It is something far more wise and suggestive than an ordinary book of travels."-Saturday Review.

LODGE'S PEERAGE and BARONETAGE

for 1864. Under the especial patronage of her MAJESTY and corrected by the NOBILITY. THIRTY-THIRD EDITION, in 1 vol., royal 8vo, with the Arms beautifully engraved, 31s. 6d., handsomely bound, with gilt edges. "A work of great value. It is the most faithful record we possess of the aristocracy of the day."-Morning Post. "The best existing Peerage."-Record.

CHEAP EDITION

of LOST and SAVED. By the Hon. Mr NORTON. Illustrated by Millais. 5. bound, forming the New Volume of Hurst and Blackett's Standard Library.

A YOUNG ARTIST'S LIFE. 1 vol., 10s. 6d.

In 3 vols., post 8vo,

[January 21st.

On January 20 will be published, price 68.,
HE FINE ARTS QUARTERLY
THE
REVIEW, No. III.
CONTENTS:

1. The Camirus Vase (with an Illustration in Chromo-
lithography).

II. The Loan Collection at South Kensington.-II.
III. Raphael's School of Athens.

IV. Modern French Etchings (with Two Plates).
V. Early History of the Royal Academy.-II.
VI. Horace Vernet.

VII. Catalogue of Pictures belonging to the Society of
Antiquaries.

VIII. Poussin Drawings in the Royal Collection.-II.
IX. "Who was Francesco Da Bologna? "-II.
X. Works of Cornelius Visscher.-III.

XI. Recent Additions to the National Gallery.
XII. Recent Additions to the National Portrait Gallery.
XIII. Record of the Fine Arts.

Title, Preface, and Index to Vol. I.
Chapman and Hall, 193 Piccadilly.

HE QUARTERLY REVIEW,
No. CCXXIX, is published THIS DAY.

By the T

Author of Grandmother's Money,' &c. 3 vols. "An excellent tale."-Daily News.

"A Woman's Ransom' will fascinate the attention of the reader to the very end."-John Bull.

"The interest of this story is unflagging."-Observer.

BARBARA'S HISTORY.

By Amelia

B. EDWARDS, Author of 'My Brother's Wife,' &c. 3 vols. "If Miss Edwards goes on writing such stories as 'Barbara's History,' she will on some bright day of a lucky season wake up and find herself famous. We give her full credit for having written a deeply interesting novel."-Athenæum.

Now ready, New Edition, Part I. 8vo, price 68. 6d.

FOR EVER. A Story of English A MATHEMATICAL COURSE for the

Country By a CLERGYMAN. 3 vols.

UNIVERSITY of

"A well-written, interesting story. It will not fail to the Subjects in Pure Mathematics included in the Regulations
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The WIFE'S EVIDENCE.

By W. G.

WILLS, Author of Notice to Quit,' &c. 3 vols. "This story is very powerfully written, and imbued with a fascination which excites and sustains the reader's interest from beginning to end."-Daily News.

QUEEN MAB. By Julia Kavanagh,

Author of 'Nathalie,' &c. Second Edition, 3 vols.
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ELLA NORMAN; or, a Woman's Perils.
By ELIZABETH A. MURRAY. Dedicated to the Duchess
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[Just ready.

TRUBNER & CO.'S NEW PUBLICATIONS.

containing an outline of
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PART I. (Matriculation Examination). New Edition, en-

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a

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C

No. 2,921.]

THE POLITICAL EXAMINER.

If I might give a short hint to an impartial writer it would be to tell him his fate. If he resolved to venture upon the dangerous precipice of telling unbiassed truth let him proclaim war with mankind-neither to give nor to take quarter. If he tells the crimes of great men they fall upon him with the iron hands of the law, if he tells them of virtues, when they have any, then the mob attacks him with slander. But if he regards truth, let him expect martyrdom on both sides, and then he may go on fearless; and this is the course I take myself.

DE FOE.

COMMERCIAL POLICY OF FRANCE.

If anything could redeem the political coup d'état of the French Emperor it would be his commercial coup d'état, without which it is too clear that the trade of France would have remained in the bondage of the prohibitive system for years. By the treaty the Gordian knot was cut, but the lamentations raised show how irresistible would have been the opposition in the field of ordinary legislation. Indeed, the ablest and most zealous expounders of free trade, when they speak on the behalf of the Government, seem constrained to adopt an apologetic tone which ill becomes their cause, but is doubtless a concession to powerful prejudices. Certain we are, however, that it is an unwise concession, and that a bolder course would be more successful. Throw the stone, and the giant dies. We know the bugaboo well, and that nothing is gained by humouring the fears of it. Frederick Bastiat never spared error, never showed quarter, demolished fallacy, and set up the opposite truth in its place. It would have grieved his uncompromising, courageous spirit to hear his disciple, M. M. Chevalier, making out an excess of exports over imports as something satisfactory, in answer to the complaints of the Protectionists. And M. Chevalier, in doing this, knew that he was doing homage to error, for he had alluded to the exploded fallacy of the balance of trade. Why not declare at once that it matters not a rush on which side the balance lies if trade is, on the whole, prosperous?

ping outwards. Supposing that it could be shown that a return to gone by, Lord Russell addressed another despatch to the
demonstrably sound principles of commercial legislation had dimin- British Envoy at Frankfort, for the information of the
ished production, or reduced shipping, what would be the logical President of the Diet. Far from espousing the side of
inference? Not, we apprehend, that the principles were bad, but
that the state of things to which they were applied amounted to a Denmark as a partisan, the English Government differs
gross and crying injustice; that the people had been heavily taxed from the English people in so far yielding to the sinister
to support artificial trades; and that they were now relieved by the importunities of Germany as to repudiate the policy of
full extent of the difference between the price under Protection and the Cabinet of Copenhagen in insisting upon a retention of
the price under Free Trade, a difference which had been enough the common Constitution for Slesvig and Jutland. On
to restrict the production that was before unduly stimulated.

a

cease.

PEACE OR WAR?

the other hand, it does full justice to the common-sense question of the Danish Government, which, after advising the withdrawal of the Danish forces from Holstein, and of the patent for the union of that province with the rest of the monarchy, refuses to recommend any similar concesDuring the first ten days of the new year diplomacy looked sion with regard to Slesvig, and asks where are concessions teeth from chattering. German and Danish soldiers, full making them? Austria and Prussia, while refusing to very pale, and the Stock Exchange could hardly keep its by Denmark to stop, or what is to be the consideration for of mutual rage, had come into presence of one another on acknowledge the Pretendership of the Duke of Augustenthe banks of the Eider. On every conceivable point their burg, declare that the title of King Christian to the Duchies commanders differed fiercely; no hope of compromise would depend upon the fulfilment of certain engagements but the exceedingly hard frost. According to the weather Slesvig and of Holstein, this would be an incontrovertible remained, and nothing withheld them from deadly conflict regarding them by his Government. For the people of prophets, the frost was likely to last many weeks, and doctrine; and if the question lay between them and him, thence alone speculators and secretaries of legation sipped England would certainly not interfere. But the case is cup of cold comfort. But whether there be prophesies, wholly different when Count Rechberg and Baron von they shall fail; and whether there be frost, it shall Bismark show a disposition to juggle with the engagements able Eider still rolls unsullied to the sea. The ice and the east wind are gone, and the ford- entered into by their respective Governments in the form If it was not of a solemn treaty made twelve years ago, and acquiesced for something, the heroes with "an unrestrainable im- in ever since by all the parties concerned. The present "pulse" would ere this have struck Denmark to the heart. King of Denmark, upon his accession, was acknowledged Happily for humanity and the peace of the world, Home- peaceably, and all but unanimously, by the inhabitants of and deliberate murder is not yet permissible or safe, solemnly recognised by all the great Powers of Europe; Office ethics are not yet acknowledged in foreign affairs, both the Duchies. By the Treaty of 1852, his right was according to international law, if cutthroats have only and Prussia and Austria are civilly but significantly given played the fool or talked a certain amount of nonsense to understand by England, that they must keep their beforehand. The Federal Diet having sent its bravoes solemn agreement with her, or prepare to abide the conseswaggering and shouting up to the very threshold of burglary during the night, have been overtaken by a fit of warning is plain. England is the only great ally to whom quence. The meaning and the moral of this timely circumspection, as day begins to break upon their un- either of them could look in the hour of danger. Tradiaccomplished crime. They don't understand exactly why the tional hatred and territorial jealousy have long embittered bigger bullies should not make common cause with them, Sweden against Prussia, and Italy against Austria. Posen considering how they took part in encouraging the weaker and Hungary are seething with disaffection, and in fellows to begin, and uttered not a word of dissuasion, other provinces there smoulder the unquenched embers With us the imports always exceed the exports, and until several large and ugly constables of the peace, un- of 1848, and all the hopes and ambitions which those knowing that we are doing well, we rejoice in the steadily armed indeed, but looking dangerous to thieves, appeared embers, if fanned, would fire. Whence could either increasing magnitude of both operations. When we see our in sight. Their commissioners in Holstein, left without expect friendly interposition or succour if endangered exports increasing we know that the imports are keeping definite instructions, have evidently been mightily afraid to-morrow, were England justly alienated? And what pace with them. But, as M. Forcade La Roquette observes, of committing their masters or themselves, or the irre- signify in comparison with this consideration, votes of some economists say that it is most profitable to sell as sistible contingent under their direction on the banks of confidence by the nominee diet of Frankfort, or tremen"much and buy as little as possible." But what would the Eider. They have issued orders that the customs shall dous cheering by the self-appointed or club-chosen be thought of the proposition to sell as much and get paid be collected, and the police administered by the Ducal delegates of the National Verein? A Frankfort parliafor as little as possible? A large portion of the imports government, but they carefully abstain from saying who ment, not very long ago undertook to confer the Imperial are in the nature of payments for exports-merchandize is lawful Duke: crown on the head of the House of Brandenburg, and the bad in exchange. Yet there may be a portion for which the exchange is made not in goods but in the precious late crazy King Frederick William accepted the gift, and assumed the title. Yet within three months he was glad metals, and this it is that scares Protectionists. But By recent accounts the Danish cockade is forbidden to enough to put off his paper diadem, and his family would give what does it show? That some commodity is wanted be worn by employés in Holstein; but the Danish button, a good deal to tear the ridiculous page out of the history of more than the precious metals. The gold therefore goes with the crown and arms of the monarchy, is retained, their race. The present King has never been susceptible to out, but it returns again, as surely as the tide, when the popular allurements or applause; and his son, however gold in its turn is in excess in one place and has its office anxious he may be to win him back to constitutional courses to perform in another. No Protectionist takes fright at in domestic affairs, can hardly be suspected of indifference an excess in the import of the precious metals over the to the friendship of this country. The majority of the export, and no sound economist rejoices at it, or regards Chamber of Representatives, and a large portion of the it as other than one of the fluxes which must be followed Prussian press, appear to be indeed opposed to every measure by reflux. Man cannot live on bread alone, nor commerce of caution or of compromise. We own the fact, and we on gold alone. If our imports were only the gold for our do so with unaffected sorrow. Our good wishes and our exports we should be in a very bad way. done. sympathies have until lately gone with them undividedly, And what has wrought the change, by some so unex- and we take part against them now with unconcealed But so long as right is right and wrong is wrong, pected, in the counsels of Berlin and Vienna? The ex-regret. planation is not far to seek. On the 17th ult. Lord Russell the people and the press of England cannot waver as to addressed a despatch, one of the wisest and best he has the side which they espouse. It is not our fault if we find ever written, to the British Minister at Dresden, a copy of ourselves driven to admit that we have more hope from which he was instructed to leave with Herr von Beust, and the time-serving prudence of the unpopular ministers of the contents of which were no doubt communicated to the Prussia than from the lawless and fantastic ambition of her Prussian and Austrian Governments. In that sententious House of Representatives. Meanwhile they have themepistle the European bearings of the question are epitomized selves, in their blind fury, contributed most essentially to in a manner not to be mistaken. The Powers which signed the preservation of peace, by refusing to sanction the the Treaty of 1852, England holds bound to her, what-loan requisite to provide adequately for the contingency of ever the undeclared motives may have been that weighed war.

Bastiat pushes the argument ad absurdum in asking whether the loss at sea of all ships bound to France would conduce to the national wealth, as it must do if it be true that trade is prosperous in proportion to the excess of No imports would then be the But Bastiat's disciples hardly dare to broach Bastiat's arguments, thinking the strong meats unsuited to the babes of the Legislative Assembly. And

exports over imports. summum bonum.

well said M. Curé:

Those who talk to us about free trade should understand that we have not yet got it; we are still under the régime of protection, and those who complain of the treaty of commerce would be glad to take us back to prohibition.

The

system,

"For which is the Pretender, which the King?-
God bless us all that's quite another thing."

and kept in high polish. Nor are we at any loss to account
for this characteristic fit of irresolution. The Courts of
Vienna and Berlin, when their half-and-half proposal was
rejected by eleven votes to five, gave notice that if any
further attempt were made by the Diet to assert the pre-
tensions of the Duke of Augustenburg, they would take
the matter into their own hands without further consult
ing their crazy accomplices. So they seem now to have

The trade of France is only semi, or demi-semi emanci- with any of them in becoming parties to it. The failure Austria's position, though ostensibly less embarrassing, pated, and its broken fetters hang upon it still. of Denmark to keep certain promises, said to have been is really not less precarious. The accounts from Hungary principle of free trade not being developed and in complete made by her in 1851, assuming for the moment that the are conflicting as to the reception which M. Kossuth's prooperation, there is a want of harmony in the working of failure or shortcoming has not been wilfully forced upon clamation has met with; and it is possible that, should commerce, and hence resort must be had to excuses and Denmark by German obstructive policy,-may be a plau- another spring and summer pass without any movement in apologies for what may appear amiss here and there. sible ground of complaint by the Germanic States, but Italy, the Magyars would maintain their attitude of mute There is great improvement from the advance, or perhaps cannot furnish a shade of justification for their breaking and passive resistance, for which the Court of Vienna has we should rather say, escape made from the vicious the Treaty with England. long shown that it does not care. But an oppressed people but it argues the more that remains to be done by a multi- The entire basis of treaty arrangements in Europe would be over- never know themselves very long beforehand what unforetude of indications. Free Trade must, indeed, be taken thrown if such an excuse for the breach of a clear and simple treaty seen casualty may awaken dormant passions and longfor better for worse, and all its consequences accepted in could be admitted. Any Sovereign when called upon to fulfil his smothered resentments amongst them. They are not always implicit faith. This is what is wanting on the part of the treaty was that I had made another engagements might say-"My reason for withdrawal from such a the schemes of insurrection longest prepared that prove the advocates of the improved commercial policy in the Legis-parties thereto. This other agreement agrement with one of the most formidable; and he must be indeed a confident man lative Assembly, and well observes the Times: with you is therefore null and void." The Court of Dresden will who would undertake to say how many days or weeks a In his anxiety, we presume, to find some common ground, the every existing treaty would become waste paper. understand, that if such a line of argument were admitted as valid people misruled like the Hungarians would remain tranFreetrader is apt to abandon the strength of his position, and to quil, after the tidings had spread that the Italians were Were there no narrow the controversy to the interests of the producer, or, still The Government of Saxony lost no time in clearing again in arms against the common foe. worse, to tables of exports and imports, of shipping inwards or ship itself of the imputation; and on the last day of the year second empire in France ready to go to war for an idea;

LAW OF DIVORCE,

were there no rising discontents in that country to be must be taken into account to settle the adaptation on diverted and distracted; and were there not at its head a principle. It is probable that the adjustment of power is moody and taciturn man of dreams, whose whole life has better in the Merchant than in the Royal Navy, because The Times has drawn attention to defects in the law of been spent in rejecting the actual as intolerable, and in the interests of owners are against any excess, all power Divorce generally bearing hardly on wives, but not more more or less successful attempts to show that the impossible not absolutely necessary and productive being so much than in the proportion of the advantage man has over may be accomplished, these difficulties of the great money thrown away, and so much bulk for carriage or woman; and, if the balance could be fairly struck, we German Powers might seem less formidable. But nobody cargo diminished. "How little will do?" is the question believe that it would be found pretty equal,-husbands pretends to believe that Napoleon III. has ceased to plot or of the thrifty owner; "How much?" is the question in having the worst in some respects, and wives in others. to aspire. All his success has been achieved in climbing; the service, regardless of expense. Hence in the Merchant A worthless husband may drive his wife to misconduct, and he must climb on. He has never concealed his Navy we seldom or never hear of a case of excess of steam take advantage of the wrong, divorce her, and leave her ambition to recover what his uncle lost to France in the power, but sometimes the reverse; not often, however, for to starve; and a bad wife may fight her husband with his campaigns of 1813 and 1814. Hitherto he has not had there seems to be much less danger of error on the one own purse, beggar and throw him into jail, while she is a decent excuse or a safe opportunity for attempting to side than on the other, and if there be error, the remedy is publicly carrying on her intrigues. Here is an example rectify the frontier of the Rhine. Let the Treaty of easier to supply what is wanting than to reduce a lumbering quoted by a Barrister in the Times: London be wilfully broken by Germany, and he will have cumbrous superfluity. From the evidence given in a suit between Mr and Mrs A. it both. This is what Lord Russell's despatch calls up appeared that Mr A. had been frequently committing adultery with palpably to the eyes of all who can see, by no occult their friend Mrs B.; whereupon Mrs B. boldly anticipates her huswitchery or power of incantation, but by invoking THE DISCREDITED CONSPIRACY. band by forthwith presenting a petition for a divorce, on the ground earnestly the spirit of justice and good faith. The Foreign of alleged cruelty and adultery on his part. Mr B., of course, pleads, Paris, in its present mood, is particularly hard to please. denying the charges and alleging Mrs B.'s adultery with Mr. A. He Secretary's despatch contains no threat; but it says as The romance of the Empire is out of fashion; and political also presents a petition for a divorce, to which Mrs B. pleads, denying plainly as if the words were written there, if the Govern- criticism, of the most matter-of-fact kind, exclusively the charge and reiterating the charges of cruelty and adultery. The ments of Germany will not keep their engagements with us, occupies the public mind. Semi-official announcements suits proceed, and are both set down for hearing,-the husband's suit our alliances with them are at an end. Hence it is that of probable glory to come, or of imminent dangers that order that Mr B. shall forthwith pay into the Registry the sum of having obtained precedence in the list. Hereupon Mrs B. obtains an we look with less anxiety than others seem to do on the may possibly arise should the sun not happen to get up 400l. to meet her expenses in the one suit, and 300%, to meet her eximmediate future; that we still believe there may be peace, to-morrow in the diplomatic firmament, no longer engage penses in the other, and that proceedings in Mr A.'s suit be stayed in spite of the apparent imminence of war. attention. Telegraphic tidings of expeditions afar off, or B. being a surgeon with a moderate practice in a provincial town, until he has paid the money or found security for the payment. Mr Since the foregoing was written, intelligence has reached of dynastic bewilderments nearer home, are read with less was unable either to pay the money or find the security. Mrs B. us that the Czar has declared that if any step be taken emotion than those which convey the result of a provincial applied for an attachment, which Sir C. Cresswell felt himself comtowards the dismemberment of Denmark, he will consider election, or the fluctuations in the price of gold in London pelled to grant, notwithstanding that Mr B. made an affidavit setting himself released from the obligations of the Treaty of or Hamburg. Even the discovery of an assassination plot, forth his circumstances, and showing his utter inability to comply 1852; and that he will consider himself free to reassert on which Louis Philippe said he could always reckon for with the order of the Court, and filed affidavits of three other persons the rights of his House to the Gottorp portion of the a temporary renewal of his engagement as Grand Wizard, from information received, traced Mrs B. to a house in Pimlico, and Duchies. If this be true it will go far to compel a pacific now fails in its purpose. The Imperial matches are damp, there found her in a bedroom with her alleged paramour, Mr A. Mr settlement of the question. and neither sympathy nor terror will take fire. Nobody B. was attached and sent to prison; and the two suits have been believes that anybody else has the slightest notion of standing in statu quo for the last two years.

THE NEW ROYAL YACHT.

for a fine and fast sea-boat was not wanted, but a

to the effect that, since the commencement of the suits they had,

putting his neck in a halter for the sake of having a shot There is another example now before the Justices of at the ruler of France. Fanatics there may still be, or Appeal in Chancery. A Mrs H. had a peculiar wholesale

Wherever

A new yacht has been built for her Majesty's use inside there may not; but the atmosphere is breezy and gusty at jealousy. She was jealous of a whole neighbourhood, jealous the Isle of Wight, and of course it must be supposed that present, not electric; and the police cannot get anybody of a village, jealous of a town, jealous of a street, a parish, the best skill of the Admiralty has been employed in the even to pretend to believe that fanaticism is about to raise jealous of one and all the women therein. the best skill of the Admiralty has been employed in the its arm against the life of a man who has spent the last she went her jealousies went with her, and in foreign construction. The requirements were not extraordinary, three years in dosing it with well-sugared narcotics. The travel she was not only jealous of all the women she met vessel of small draught of water for the smooth passage ions about Rome lulled fast asleep; and the most of Acton was pursuing her husband. The unhappy husband crazy-brained among the priests have had their apprehen- with there, but to boot thought the whole female population between Osborne, Portsmouth, and Southampton. The Fairy had been found too small, and something between impatient of the Italian party of action understand that had thoughts of putting his wife under restraint for this her and the Royal yacht was the thing desired. Well, France has withdrawn her veto on their projects regarding vexatious and injurious delusion, but before he could resort her and the Royal yacht was the thing desired. Well, Venetia. The rescue of that great province of the to this step an attorney had advised the lady to strike the what has been supplied? The trials must answer. Upon the first experiment the Alberta (for that is her name) peninsula from the withering grasp of the stranger now first blow, and leave him, and commence proceedings in broke her paddle-wheel. Upon the second her average Garibaldi has been brought at last to see that the deli- man escaped by death, and his widow's attorney sues the engrosses every patriotic thought beyond the Alps. Even the Divorce Court. From this and other plagues the poor speed was about fifteen knots, but this rate was due altogether to the power of the engines, and a surf at the bowverance of Rome is a subsequent question, and that to executors for his bill of costs in the Divorce Court, amountand under the quarter unequivocally accused the form of attempt it at the hazard of provoking the enmity of both ing to 6307. When the proceedings were commenced the the vessel of some great fault. The report of the second To do Mazzini justice, he has always said this. The security for the costs, which, as taxed, would amount to France and Austria would be a crime, because a blunder. Divorce Court had required Mr H. to deposit 250l. as

trial in the Times is as follows:

Yesterday was a day of smooth water and very little wind, but the unhappy enterprise which ended at Aspromonte was noto- 177. more than that amount. The attorney's claim is for sea curled up under the Alberta's bows, when at the measured mile, nearly riously not of his instigating, and there is depth and necessaries supplied to the wife in the husband's life-time, level with her upper deck, while at the same time a sea followed on each foresight in the counsel which bids the Italians attack the said necessaries having been proceedings against him quarter almost sufficient to break over the ship, and under full speed the Austria on the one side, while their brethren in Hungary founded upon the most preposterous jealousies. The case afterdeck is continually swamped with the sea flung on board. The and Poland distract her resources on the other,-France stands for judgment this day, when it will appear, as the Alberta, in fact, is nothing more than a thing without form, driven through the water by tremendous engine power, but not worthy the the lip, that significantly asks, "Might not a Congress Appeal will aid the Divorce Court "in its practice of through the water by tremendous engine power, but not worthy the standing by with folded arms and a cynical expression of counsel for the executors observed, whether the Court of The third trial, on Tuesday, was little more satisfactory. "plundering husbands with impunity." She was relieved forward of the weight of anchors, and

position of a yacht for her Majesty's private service.

"have been better after all?"

to put to death Napoleon III. by assassination is so incre

The fact is that there has not for a long while been a Such a case as this could not have occurred if the Legis moveable fittings, and of a great part of her fuel, and she season at which the imputation of a mad and wicked design lature had been a tenth part as careful to guard parties was trimmed on an even keel, and her draught reduced by dible. By parties at home and parties abroad his power of against groundless proceedings as the Divorce Court is to two inches. All this gave some improvement, but still she mischief was never deemed less formidable. He stands at secure costs. As it is, there is no security whatever against Icarried with her that tell-tale surf at bow and quarter present in nobody's light but his own. Temporising proceedings frivolous and vexatious or trumped up for the which the correspondent of the Times describes as a perfect with every principle, and intriguing by turns with every the House of Lords the want of any safeguard was pointed purpose of extortion. When the Bill was passing through tempest of a sea when the water clear of her is as smooth as a mill-pond. The vessel, however, did better with each and all of them repelled. He has sought in vain to by counsel, but the law lords overruled the proposal, as it ambitious Power, he has had the mortification to be by reduced power, and the Portsmouth correspondent of the concert schemes of joint aggrandisement with Russia, with would make an obstacle to the desired remedy. It would out, and it was suggested that petitions should be signed by counsel, but the law lords overruled the proposal, as it The difference in the gain in speed between the full and half power Austria, and with Prussia; and, if rumour does not greatly runs is a sufficient proof that the vessel is overweighted, or perhaps, err, he did not want encouragement upon his first advances be an obstacle only to such proceedings as, on the face of speaking with a more correct definition, that the engines and hull are from the Sovereigns of any of those States. Their ministers them, were more than suspicious. No decently presentable alone restrained them from accepting his seductive offers, two advocates, while for want of so small a check it is case would fall to the ground for want of the signature of This is a very important observation. After all, the and plunging with him into territorial brigandage. Now, notorious that proceedings are taken for which there are fault may not be so much with the model of the vessel as in a sulky fit, he looks on with sinister expression at the powered, over-done with engines, and their force, and this ing elsewhere, but for the present he certainly stands in Lord Chancellor, keeper of the Queen's conscience, may it appears to be. It is possible that she may be over- troubles that are begun in Germany and that are impend- no grounds, and some for no purpose but extortion. Who is safe? Who may not be made a co-respondent? The is said to be a common fault in the navy, whether truly or nobody's way. Who, then, would hire a gang of miscreants

Times observes:

out of proportion to each other.

not we are not prepared to say, but it deserves inquiry. to kill him? It is but another evidence of the want of the figure to-morrow in the list of petitions as a co-respondent On the Thames are seen fast steamers which fly through old vigour of invention in the Imperial Government, that it charged with adultery. The Archbishop of Canterbury has the water with the smallest ripple at the bows, and none should have either been imposed upon so readily by a set no security against this sort of practical defamation. The perceptible at the quarter. If the weight and power of of needy schemers like Greco, Trabucco, and Imperatori, jealous fool or knave. And the matter may not be brought higher the man the more probable the aim at him of some the engines were doubled, the speed of these vessels would or that it should have hoped, by the misuse and mystificato proof after all. The petition conveying the worst impuactually be diminished, and they would carry a great surge tion of odds and ends of letters rummaged out of their tation is lodged, and before the year or so elapses before with them. The immersion would be changed, lines would pockets, to get up a sensation respecting the Emperor's which it cannot come on for trial it is withdrawn, or the be brought under water never intended for the water, and personal safety. He will be a lucky man if he is never in

this ordeal without detriment, but there are others not

added to this cause of obstruction, the increased power of more danger than he has been of late from the evil that party has disappeared. There are names which may undergo the engines would drive their heads down into the water walketh in darkness and the bolt that flyeth at noon day. less innocent to which it may be a cruel damage; and it instead of driving them liftingly through the water. To try Meantime it is an excellent sign of the improved temper of

the experiment in the simplest way, take a fast four-oared our good neighbours in Paris, that hardly any can be fooled seems to us monstrous that the opportunity of such a boat, man it with twice the right number, and double bank into listening to the mysteriously muttered revelations wrong should be suffered to exist. A young curate, or it with eight instead of four oars, and see what way will be regarding the pretended plot. Even in the Salle des Pas medical man, might be utterly ruined while under a cloud, got out of this apparently increased, but really diminished Perdus (says the correspondent of the Globe), where the as the world in its most charitable mood would call it. We power. The boat will be all by the head, and steer badly, gossips congregate from morn to eve in the hope of hearing always open to any one to bring an action for crim. con. may be told that the danger is no new one, and that it was her free board will be diminished, lines never designed for some new thing, and where every sort of rumour is ordinathe water will be in the water, the flotation all changed, and rily devoured, every attempt to circulate some new shred of had to advert to the malignant party uses made of a against anybody, and we remember an occasion when we she will be a thoroughly clumsy concern, literally over-worthless detail about the so-called conspiracy proves utterly powered. More powder more kill is a barbarous maxim, abortive. Suspicion won't light, and the effort to make it groundless proceeding; but for one action of old there are as false in mechanics as in gunnery. The adjustment of only adds to the unpleasant savour wherewith the air is now a score of petitions or more, and if a check can easily steam power to the hull of a vessel should be determined filled. The disclaimer of all connection with, or knowledge be provided against proceedings to which no two respectable upon principles, but it is probably quite empirical both in of, the alleged design by the illustrious author of Italian the sense of refusing so moderate a degree of protection to lawyers would give the sanction of their names, we see not the Royal Navy and the Commercial. So many horse- unity will be read with satisfaction wherever intrepidity character. power may be alloted to so many tons of measurement, and constancy are honoured, and the sacredness of a great