“LEGISLATIVE. THE AMERICAN PRESS.

——

Tur Scrutiny in the Legislative | After the wholesale abuse of England with

Counei!, which invelved the seat of the Hon, A.) which the American papers have teemed eyer

A. McDonald, ou a petition ef W. 5, Macgowan, |

quest lon

since the commencement of the civil war, it is refreshing and gratifying to find an article like the following, which we take from the New York World —jt breathes @ sentiment of hearty good feeling, shared, we would fain believe, by all in- telligent and true Americans, and presents a , striking contrast to the ill-natured reflections in- dulged in by those journals which pander to the passions and prejudices of the mob:;—

The English journala come to us over the sea, breathing the tragrance of orange-blossoma and aflame with the saffron light of hymeneal joy. | The heir of England has given his first hostage to fortune, and after a thousand years the ebiidren }of Alfred the Saxon and Canute the Dane have

clasped hands in peace on the steps of the island throne,

Esqr., is on the eve of being settled at last, by the Council declaring the seat void, and sending Mr, Me- Mr. Macgowan It

is the oprnion of most persons acquainted with the

Donald back to his constituents. hae, therefore, gained very littl: by his petition.

district, that if he again contests the election against Mr. MeDonaid, he will be farther behind than he was before. —The Council has, we believe, done very little business beyond settling this Seru- tiny question, which will be a very considerable

tem spenditure

in the publie «

In the House of Assembly, routine business, road appropriations, and resolutions in Supply, have been the primeipa) topics of discussion during the past week. — On Saturday, the Bill to incor “Broad based upon the people's will

And girdled by the inviolate sea.’’

The first of England's living poets has gathered up the voice of a whole people into a song ot | weleome which will echo in English hearts long

porate the disreputable Orange Society was again | before the House. The Council had passed the |

Bill, amending it so far only as striking out the

t % . fy :

suspending clause, leaving it to go into operation The

question before the House was, whether this

without waiting for Her Majesty's assent.

ameodmeat should be agreed to; but the House determined to discuss the matter fully in Com-

mittee te-day ; and the discussion, at the time we

write, (Monday, 4, p. m.), has not yet occurred. | 4 ¢ & prince whose life must touch for weal or woe |

The general impression out of doors is, that the Couned have struck out the suspending clause for

| after Albert Edward and Alexandra have passed | trom the pomp of reyalty into the aisles of history. | The bells have rung out their rapture from a }myriad steeples; the bonfires have blazed their | brief hour upon a thousand hills; the shouts of a nacen have died away into silence around the | fuptial bower of youth and love and royal state. | ‘The entrance upon life's most solemn realities | the issues of imperial policy for millions of human beings, is an event which only cynicism of igno- rance can regard with indifference in any nation

the purpose of giving the House an opportunity of the wari,

te strangle the obnoxious Bill, as it is beliewed| But the interest which all Americans will take | in the present happiness and the future prospects : |} ot the youthiul pair apea whem the primate of all

Bill without the suxpeuding clause, tor which, of | England has feta panne the benedietlans of } a religion common alike te England aad to Ame- | rica, Is something warmer than a mere political emotion. Despite the causes which have been at ' | werk to estrange us; despite the passions which of iudignatien throughout the country—they are unworthy meu or wuworthy measures have excited fully persuaded it will not receive the royal al | upon either side ot the great sea whieb at once lowance ; and they ace evidently prepared for the divides and unites we—- divides by distance and : | unites by commerce; despite tue ancient wounds

opportanity whieh the Council has obligingly al-| of most wonatural war, aud the fresher wounds of

that the Government party will net agree to the

course, they will asvign reasons eminently satis- factory te themecives. plainly that tae bateful thing bas raised a storm

The anjerity see very

‘THE CIVIL WAR IN THE STATES.

NEWS BY ‘TELEGRAPH.

Sr. Joun, April 2. | The Republican Unionists have carried the | Rhode Island Election by about three thousand | majority, The Legislature will stand 76 to 26. | The news from Vicksburg is unfavorable to | Federal operations. The expedition through | Stulesand Black Bayons into Upper Yazoo is a | failure. Admiral Porter sueceeded in getting | through both gunboats,when be encountered shar shooters and obstructions in the channel. He waited for infantry to come up, and in the mean- time the Confederates rendered his progress im- } passable, with trees, and quite hemmed in the fleet. | The gunboats were withdrawn and the infantry embarked in transports to return to Young's Point.

It is reported that the Confederates’ have twenty thousand men in front of Williamsburg, Va., threatening attack.

It is reported that General Banks did really make a serious attempt on Port Hudson but was foiled.

Sr. Joun, April 3.

It is reported that the Confederate privateer Florida captured and destreyed ship Star of Peace, of Boston from Calcutta, with a cargo of Salt- petre.— The Florida escaped the chase of the Vanderbilt.—Steamers Columbia and Beauregard arrived at St. Georges, Bermuda, cotton laden.— Steamer Gertrude arrived at Charleston from Nassau; also Steamer Lrittania, at Wilmington, trom Nassau.—It is reported that Lord Lyons | will make a formal demand for the release of the Peterhoff, and her London ownera will demand indemnity for damages, ete —Federal soldiers at Pensacola, supposing entire evacuation of the place was intended. fired the town of Pensacola,

few houses. ‘The officers had little influence over the men; even those guarding property set it on fire.—Flour 5e. to i0e. lower. Sr. Joun, April 4.

It is rumoured that a number of bridges are being constructed across Tennessee above Florence to connect the Coufederate armies of Tennessee and Mississippi.—Contederates are apparently in torce near Fort Donelson.—The Louisville Demo- crat’s correspondent say that Van Dorn’s forces are attempting to flank Rosecrans on left, cressing river at Palmyra.—It ia supposed that Van Dorn has a large supply of artillery, and that hia move-

forded them (without desigx, of course!) of) misunderstanding, rivalry, and sympathies made

shelving a Sill, which, if asseuted to by Mr. Dun-| Perfect by misleadsrs of the popular mind, - . | Americans

das, would bring a rebuke upen him from the | which oar

Colouial Minister; and if uot assented te by the | were drawn, and in the beautiful words of Wash-

Geveguor, bis ditapproval would be a crushing | 6" Alliston,

rebuke to beth branches of the Legislature for . a a eee he ry

passing such a measure. The intolerance and More audible than speech,

bigotry ef the Oraage fraternity, of infamous re- | Ve ure one.”

pute, tasked ute fury by the No-Popery mania ot

One in the real interests of both nations were ; those real interests truly comprehended, one in a public officer, whe is known to have no religion | Bary pea seeder

We shail know in| i" @ thousand memories whieh mould a nation’s : Pa | life, oue in the finest hopes which kindle a nation’s @ day or two how they will attempt to escape) purpose and keep alive its greater qualities of from it beart and brain. <= Willingly then de we at this auspicious hour WE have to apologise to our readers for the | forget the seeds of evil that have been sown be- absence of editorial articles on some local politi- | tween us; willingly forego to think what wrongs , | we have to forgive, what reminiscenes to forget. cal questions discussed in eur Legislature. Long Let England do as much. Let ber take the hand and painful illness will, we hope, be deemed a| which America once nore holds out to her across sufficient exense for this apparent inattention to | the broad Atlantic, and lay to heart the cordial | meaning of the hearty good will with which in a j moment's pause, suatched tram our own great we have endeavoured te make our paper as read-| sorrow and the instant passion ef our national able as possible, by culling the latest news from | Contest for life, we take up her multitudinous prayer that the prince who is to inherit the crown of Vietoria may prove himself worthy toe wear it;

im an awkward predicament.

the duties of the editorialchair. lo the meantime,

our British, Foreign and Colonial exchanges; and |

can never quite forget the race from | laws, our language, and our liberties |

the substantial ambition of beth nationa where | Tribune states that the Eederal Government has

at all—have certainly placed the dominant party | that ambition is hghted by a true intelligence, one | information that powerful steam rams are now

ments are directed against Kentucky.—Several Federal steamers have been fired into on Cumber- land River.—Preparations are making for filling up the regiments of the army of the Potomac. Sr. Joun, April 6.

The Codfederate forcea within the past few days have displayed a large body of their troops near the Fords above Falmouth, Virginia, and it is supposed te be a ruse to conceal a retrograde movement.

A despatch from Washington to the New York

being built on the rivers Thames and Mersey, for the Confederate Government. It is not probable that the Government will take any measures at

resent, under law, authorising Letters of Marque and Reprisals.

What proceeding may be rendered necessary to prevent the construction and sailing of war vessels and blockade runners for the use of the Conte- derates is still undetermined.

A draft is soon to be made to fiilup the Federal army, and it will require 200,000 to accomplish it.

The failure of the Federal force at Haine’s Blufl has been confirmed.

Indications point to abandonment of Federal Yazoo Pass Expedition,

Bombardment of Vicksburg set down for 27th.

completely destroying it with the exception of a| P«

INDIA AND CHINA,

SHANGHAK, Feb. 8—Affairs in this city and the vicinity are quiet, are satisfactory. The rebel city Changhoo has tendered its allegiance to the Imperialists. The Rev. Mr. Parker, of the London Mission, died at Ningpo, on the 2nd inst.

Intelligence from Japan announces the degra- dation of the nobles who had been connected with foreigners. This measure was supposed to be the precursor of a repudiation of the treaties con- cluded by the Japanese Government with foreiga powers.

Advices from Manilla state that the monthly auctions of tobacco have been resumed in that city. ‘The town hall had deen destroyed by fire.

—_-———_-?# Soom -—-—- NEWFOUNDLAND.

The R. M. Steamer Ospray arrived from St. Juhu's on Thursday last. From the papers received we glean a few items.

Garia, Feb. 23.—A letter from Petites, 19th inst., reports plenty fish, but no bait. Great dis- trees among the people there and prospect of worse times. Nothing doing in Garia, a number depend- ing on government for relief. If no bait within a fortnight, majority of inhabitants will be in a starving condition.

Soup kitchens are being established at St John’s for the relief of the distressed,

The St. John’s Sealing Fleet, with the excep- tion of a few vessels, put to sea on Saturday last with a S. W. wind. On Sanday the wind got in to the North East, and gradually veered yesterday to the Southward and Bouth West, blowing a heavy gale during the night, which we doubt not will have the effect of clearing the coast of ice. The outfit this year, as compared with the last, exhibits a decrease of Ll vessels, 1569 tons and 548 men.— March 10.

The diptheria prevails at several of the out- rts.

The steamer Wolf, belonging to Measrs. W. Grieve & Ca., arrived at the narrows on Thurs- day evening last, 40 days from home, and passed tothe northward. She was boarded from the shore and all was reported well with her. She had en- countered immense figlds of ice — Newfoundland, March 24.

pay. In the depressed state of the finances of the Colony, their pay will be an important item. Petitions against the paymeut have been sent in;

but the Council seem firta in their demand.

OVA SCOTIA.

DISTRESSING FATAL -ACCIDENTS.

The following distressing accident took place ut Shag Harbor, Barrington. A young girl named Margery Smith, aged 13 years and 6 months, came to her death as follows. On the evening of the 8th of January, her uncle and aunt went to spend the evening with @ sick brother, and Margery came to stay with their children; the two families lived aboat two hundred yards from “each other. After sitting up until they were sleepy they laid down upon the floor by the stove and went to sleep. After a time Margery awoke, and found that the room was full of swoke, and frightened, had not the presence of mind to apply water to her burning clothes, but ran to the door to get breath, and the wind, which was blowing strong at the time, striking the fire, she be- eame enveloped in flatjes. Being 680 near her father’s house, no'doubt she thought she could reach it before she would burn to death, but the dames must have hindered her speed. lc is not known how long it was from the time she took fire until she was seen, but it must have been some time, for at 8 o'clock her parents heard her cries and saw her

Postponed on account of storm. Several accounts

we trust the time is not far distant when we shall j and that the princess who is to sit beside him on be able ta resume our pen, and communicate te | Vietoria’s throne may fill her place in the bier-

our readers, as wareservediy and energetically as| archy of English life as gracefully and as well as|

feurmerly, our Opinions on all local questions ot | local maportaner.

queen whose virtues have preserved to this young | pair their splendid heritage of power, eudeared by | private worth aud royalty, adorved by traits in

lila priv , , . TTT kh) Tre -~ “ , | ho Gegree |

SUMMARY OF PROCEEDINGS IN THE iii ii ii HOUSE OF ASSEMBLY. too wise or good

For buman nature's daily food.”’

T oo ~-_o cespay, Apri) 7.~The House re-assembled after |

their Easter holidays. Mr. McLennan reported} THE HORRIBLE TRAGEDY AT eiybt reselations fram the Committee of Supply, | COLUMSUS. KENTUCKY | which after being read, were agreed to seriatim. —— | oF ee oe “er Wie i Hou. Colonial Secretary moved that the standing} A correapoudent of the Cincinnati Commercial orders, relative to private Bills, be suspeuded. The | gives the tellowing aecount of the late tragedy at} was agreed to mem. cou, and the Hon. Col. Fecre- | Columbus, Ky. |

tary theu preseuted 4 petition from the Directorsof) At the Columbus House, yesterday morning, | the Dank of Prince Kdward Island, praying for au | i

; Saami a “f sn | between 4 aud 5 o'clock, 1 was awakened trom extenatn aud coutimaance of their charter at Ln | ny sep by the door wbening rom une. of the | the Bill brought ia and read a first time. Et was | u's inte the ball where I was obliged to sleep, | then referred to the Private Hill Committee —— | #* the rooma had been all takeu previous to my | How. el Vope moved, and it wae carried, after a | arrival at the house. A man advanced to my bed- | lengthy discussion, that the sum of £75 be strack | side and placed his hand upon me, and expecting | oot of the estimates. It had beeu expended aunu-| mischief [ was prepared for him, and preseuted | wily, for some Gime past, in the payneut of sums for! a revolver to his face and told him in a significant |

pen varius curses amtebly fr che we Of | way that “if he anoved T would blow his brane | edie Ghtah, -o<-ty Gd ndiddenied inlined” then. Mr out.” He straightened himself back, and I drew | Kelly reported, from the l’rivate Bill Committee, al back toward the head of the bed aud got up, still | Hill for umendiug the Act tor Lacorporating the | keepmg my revolver upon him. I stepped back

Kank of Priace Edwued Island. It was read and |@ few steps aud knocked at the landlord's door | agreed to, aud the secoud reading ordered for to- | and called bim, supposing up to that time that be |

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aerrow The consideration of the Union Bank Bill was resumed in Committee of the whole Hk Mr. Sinelair in the chair. The Bill was received aud read, alter a few vertial amendments, was or dered te be enyrosecx! ——The Bill for the estab lehment of a ‘Farmer's Bauk, at Rustico, was | brought iv foom the Private Lill Committee, by the |

lion. Me. Laugworth. It was read a first time, and |

'

ordered for a second reading.——The House then! the curtains being drawn, I could not distinguish | 8¥" went inte Committee of the whole, for the purse | one from the other in the seuffle which then en-| by sharpshooters. os ; of continuing the considerativn of Despatches, re-| sued between the landlord and the stranger, and | “empted to land party at Tuscumbia, and backed

ecived by His Excetleney the Lieut. Governor, frow | His Grace the Duke of Newcastle, but no resolu tion was taken.—— Hon. Mr. Hensley brought upa tition from the vestry and congregation of St. Yanl's (Episeepakun), offeriag terms to settle the “muel vexed” qnestion of Pew rights. The pe tition wis referred. ——The Education Act was igtroduced by the Hou. Mr. Lonyworth, aud read afr time. The hon. wewber explained that it was propored, on one hand, te reduce to some extent the expense of working the Education Act—an ex- pense which the country was anable to bear; and, on the other, to levy some taxes with the yiew of supplying the delicicncy in supporting the system The Bill coutemplated ‘reducing the amount to be yusid to the teachers by the Government on a certain seule: for example, those teachers who were en titled to £55 under the present Act would receive | LM; those of the highest chias who had now £60 would recejve £45, theee who had £50 would re ecive £35, and those whe had £40 would be reduced io £s. A proportionate reduction would be made te the salaries of teachers in, Charlottetown and «seorgetown. Pareuts and guardians were to con tribute voluntarily to make up any addition which might be required to the saluries of teachers, but Where parties refused to contribute, two thirds of a district. would have power, through the trustees, to assese the other one third bavingehildren within the ages, for the one third of the sum agreed to be raised. {i was also contemplated to establish a Grammar School in each of the three Counties, namely, at Charlottetown, Georgetown and Summerside, the teachers of which were to be appointed by Govern- meni, and lo each —as also the teachers of any other Grammar School — besides the branches requisite for the present highest class. the Latin, Greek and French languages. The Bill also provided that where the householders of any two school districts #0 desired it, and promised to raise the sam of £30, the two districts wight be merged“into one by the Board of Edeeution, for the purpose of establishing a Grammar School, to which the Government sliould oo the sum of £7&. Auother provision of the

ill was that when any district, such as some of the wealthier settlements, wished to bave a Grammar School, and bound themselves to raise the sum of £40, the Government would grant £55 for the sup- port of such a school. It was also proposed to >

The landlord

wae drunk and intended to rob me.

muse. | soon made bik appearance, and stepped a little vo | re-elected Governor. The Republicans have three | the front of me, at my left.

The wan, whe dur-| ing all this time stood apparently with clenched | fists, and drawn up to his full height, sprang to- wards us, and we dodged into his room, where the landlady and two childrea were sleeping. |

|

}

i passed out of an opposite door into another hall | and then through a passage which led to a third | hall, when I entered the room of a friend by the | name of Talman, and told him to get up, as the land- | lord was having a fight, and that I wanted a ligh* |

On hearing the screams of a woman, who eried | murder at the top of her voice, I ran back to as- siat, when | met two men in the second hall, in front of the landlord's room. Here I got a better | view pi the mysterious person who was so bent on | misehief, by the aid of a dim light burning in the | hall.

He was a tall, athletic, large boned man, ol nervous in his step that I readily knew him to be | wy foe, and on seeing me again, ina very excited, strange speech, he said, “ Here he is,” and sprang toward me again, with a weapov in his hand, | which I fancied a long knife.

I retraced my steps as fast as possible, and | as [ got into the hall from the narrow passage that led to the hall which I had just left, | turned and gave him a shot, when be groaned out “ Oh,” and I knew IJ had hit him.

In turning to go ahead again I slipped, and the fellow being under such headway, passed by me and I gave him the second shut when quite near me, before rising to my feet, after which I fired the third time just as he was going down stairs at the eud of the hall,

I then passed into Talman's room and imme- diately 1 heard two pistol shots out into the hall. Hearing this and the coutinuous groans and screams of the wounded whe had come in contact with this flend, I went back again and passed into the hall where I had slept.

While dressing myself 1 heard the guards below who soou made their appearance up stairs, and found the man vear the head of the stairs with a large sized pocket knife in his hand, who stood in defiance of them all.

He stood like a giant, armed, and frothed at the mouth like a madman, as he was. He met their steel and pressed the whole guard back to the

away with the French Acudian Schools, and that only teachers of that class who bad passed the Board | of Education and had registered districts should re | ceive any allowance. Another provision of the | Bill was that all notices of agreement with teachers, | sent into the Board of Education, should specify the | number of children in the district betweeu the ages of Sand 16; and that the average attendarce was to be iu proportion to the children in the district ; for example, if the children were upwards of 40 but yot 0, the average should be 20; and if upwards of AW but not GO, the average should be 25; and if | wards of GO, the averaye sliould be 30. —Hon, Mr. | Coles moved the usual hoist of three mouths, und | a jong debate ensued, which has occupied the House up to the time of adjournment on Thursday evenit

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|

1g. |

Tue New ieems ro Canapa.—A Detroit paper thus alludes to the second setting in uf the tide of Canadian immigration :—* Bo sweeping an act [the Conscription act} hgs alarmed many who stood on comparatively strovug limbs before.— Knees whieh bore up strongly in favor of emanci- pation and negro equality, have unmistakable evi- dence of weakvess at the prospect of duing service

ia the field. The thriving place across the river| were in the best of spirits, and confident of de- lace of resort as a| feating the French invaders. Gen. Forey bas not

is becoming a+ popular a fashionable sea-side town during the watering season. One would judge from a casuai observa- tion, that Windsor was enjoying a coutinual boli- day, and that all the people sauutered about with nothing to do. The influx of whedaddiers fills the hotels and boarding-houser, and even citizens have to open their hospitable doors. The flight of frightened patriots, if it increases, will soon be equal to the great hegira of August last, whep a provost guard had tu be extemporised and atation- ed upou the docks and in the streets to watch every man who walked abroad with a suspicious looking valise. ‘The ‘grand movement’ upon Car nada in this case is not confined to white wen, The American citizens of African descent strongly suspect there is to be an opportunity tor their show- ing their fighting qualities, and the result is that they are making tracks from the country with yoore haste than dignity. Many of them are leav- ing daily for Briti#h suil, showing that though they have an ardent affeetion for ‘ Father Abraham,’ they prefer that the white men should settle this little difficulty without their assistance.” - oe On the 26th nit., a German, named Gustavus — comtaitted suicide in the goal at St. ou

off, and still he fought them.

other end of the ball, where he was shot three times and a bayonet run through him and broken He had wounded two of the guard with his knife when another bayouet pinned him to the floor, which soon put an end to this terrible man.

On investigation it was tound that the landlord and landlady, Mr. aud Mrs, Casey, were both very severely cut up, aad are in a very dangerous con- dition. Mrs. Casey was cut in about forty places. Besides these, who were the most dangerously wounded, were Dr. Reese Kendall, Surgeon of the Second Illinois Cavalry, wounded in the abdomen, and a Lieutenant of the Fifty Second Indiana, shot twice in the back by a revolver—one shot taking effect, it is thought, in the lungs. Mrs. Simons, formerly landlady of the house, received a slight wound while attempting to enter the ruom of Mrs. Casey. .

‘Three or four rooms were entered by the assassin or assassins, and some were stabbed in bed.

~ —_-- -

Advices {rom the city of Mexico up to the 2d

inst., have reached Washington. The Mexicans

taken the capital, nor advanced for that purpose. On the 2d he was thirty-five miles from Puebla, having fallen back twenty miles shortly before. His troops were much seattered in search of forage. Desertions were frequent. No battles or skir- mishes worthy of mention had taken place. Heavy reinforcements were arriving in Mexico, and the force is deemed stiong enough to defend the eapitalin any event. The property belonging to the ceuvents of the nuns has been confiscated for the use of the Mexican army. President Jaurez, in a letter to the Mexican Diario Official, pro- nounges entirely false the assertion of Marshall O'Donnell, in the Spanies Cortes, that be (Jaurez) had offered to sell two Mexican provinces to the United States, The report that Minister Corwin refused after the Prussian ees departure, to assume iu his place the position of protector of French subjects R Mexico, is said to be confirmed. <P

the eminent American merchant, for some time for the benefit banquet there on day; and to this

Mr. Peabody, who has been at Nice wu of his health, gave a magnificent the Priuce of Wales’ marriage

agree that Confederates have heavy cavalry force | on Tennessee, aBove Florence. Bridges and | Fioats building indicating movement from Vicks- |

did the consort of that true woman and good | burg to join Bragg, or latter to move to Vicksburg. | fire.

Murfreesboro’ despatches meution brilliant skir- | mish near Woodbury, where Coutederate camp | of 600 was routed or dispersed, losing a number | in killed, wounded and prisoners.

Report has reached Washington via Fredericks: | burg, from Confederate sources, that Charleston | was bombarded on Thursday, and is now in pos- | session of Federal General Hunter and Admiral | Dupont. Report tully eredited by prouinent | officers of Government in possession of facts re-| lative to contemplated attack. |

Charleston papers received at Fortress Monroe,

l acknowledging land and naval attack commenced,

but silent as to progress.

Tribune's Washington despatch says Federal | relations with Great Britain considered critical, | growing out of fitting out of piratical eraft in| Britixh waters. With capture of Charleston ap-| prehensions on this score tmay be dismiased.

Confederate gunboat Vicksburg broke from moorings at Vicksburg, fulliug into Farragut's hands,

Confederate steamer Natchez burnt on Yazoo

j |

iver. Gold 1524. Sr. Joun, April 7. The Union ticket carried the Connecticut elec- tion yesterday by over 300 majority. Buckingham

congressional districts; Democrats one.

A Charleston despatch of the 2nd says that there are no signs thus far of the expected attack, and no landing in force on Islands below as reported.

A Chattanooga despatch says that the Federal boats have been driven back on the Mississippi Iron-clads unsuccessfully at-

down the river.

The fast British blockade running steamer Aries was captured at Bull’s Bay, 8.C. She ranaground. | She had previously made one trip to Charleston. Two frum Nassau have also been captured. - —. - + P>Oo - es

Tur Conreperate Srares’ Loan. — The definite proposals have been issued for sub- scriptions to the Seven per Cent Cotton Loan | of the Confederate States of America. The) total amount to be distributed in London, Liverpvol, Paris, Amsterdam, and Frankfort £3,000,000, and the price is fixed at 90.

cipal, unless the bonds are given up in exchange for cotton, is to be paid off in eterling at par in 20 years by half-yearly drawings, commencing in March next year. ‘The holders of the bonds may at any time, on 60 days notice, have them exchanged for cotton at the rate of 6d per lb., which is equal to 54, allowing for the fact of the £100 bond having been issued at 90, in instalments ex-| tending to the 15th Oct., with 7 per cent. discount for prepayment. If the cotton be demanded while war still prevails, it wiil be delivered in the interior within ten miles of a railway, or stream navigable to the ocean, and the parties must take the risk of getting it through the blockade. [f it be not de- manded until the peace shall have been established. it will be delivered free of all charges at the ports of Charleston, Savannah, Mobile, or New Orleans. The announcement has aroused an unusual amount of attention, and transactions have been actively carried on at prices ranging from 2 to 3 premium. The excitement connected with it is prin- cipally due to the fact that the affair is to be regarded almost exclusively as a cotton specu- lation. Should cotton remain at 1s 94 eed lb., a large number of persons will probably be disposed to run the risk of getting it out, and if rates of insurance such as would jeave a profit at that price should become current. the proportion of bonds to be cancelled in this way before peace can be attained may be extensive. The general question, however, will be as to the price likely to prevail for cotton after the conclusion of peace, and that is a matter for the judgment of Lan- eashire. Six monthe is allotted ae the period during which each holder of the bonds will have the option, after the ratification of peace, of changing them for cotton, and those who now subscribe will do go in the belief that theaverage rate throughout that interval will be atleast 6d per lb. Every other mode of regarding the affair would be irrelevant. The loan will receive no official eanction— not even that of the Committee of the Stock Exchange—and if the Federal Government like to apply for a similar amount on the hypothecation of wheat, Indian Cora, or Ohio pork, they will doubtless find that our capitalists in ther business dealings are totally free from political prejudices, and are guided ape Be the nature of the terms and security offered, and the consequent prospect of profit. The matter originated in France, and is shared by Holland and Germany.

The Riehmond Enguirer says :—The peace delusion is blown away. Neither from foreign intervention, nor from imperious decrees of King Cotton, nor from friendship of the Northwest, nor from stupid rumors o! demoralization in Yankee armies, does an hope of peace dawn upon the land. e must fight or submit. If they can take Kiehmond, Charleston, and Vicksburg, in six months their financial credit is restored party feuds cease. The plain truth is, we

are i

| he invited not only all the principal English visitors, but also a large number pf Frengh and vther foreiguers.

|

coming spring and summer thgt war is to be more fierce and unrelenting than ever before.

n the middle of war; and during the g

coming towards home ; they‘ran to meet her, but found that her clothes were all burned off except the bands, and they were still on Her mother in agony caug!t her child, and she too was burned badly. Her father’s hands were also burned in trying to get the re- mainder of the clothing off his child. When they got her into the house she was literally roasted alive, and in the most excruciating pain. Every exertion was used to restore her, but in vain; she lingered about eight ours, and then was ealled, we believe, to dwell with God She was an amiable and affectionate girl. — Communicated to Yar- mouth, N. S8., Herald.

An awful calamity has befullen Jacob) Rafuse,of the Mill Road, Sherbrooke, Lunen- burgh Co. Atabout l o'clock in the morning ve was aroused by the servest-girl crying fre. Onexaminatiof ht fodnd that the front porch was is @ blaze, and ran to. procure some water, whea the bueket unfortunately fell down the well. Rafuse descended to re- cover the bucket, and on regaining his foot- ing saw the flames were raging in the main building. He immediately rushed to the rescue of his family, but, sad to tell, too late to save three little children, aged respevtively 2, 4, and 6 years, who were entirely con-

/sumed, scarce any trace being left of their

bodies. His wife and the servant-girl were

also severely burnt. This is a most pitiable 'case.—Com. to Church Record.

———__ +4 Po

PRINCE NAPOLEON ON THE STATE OF PoOLAND.—In the debate on Poland in the French Senate, Prince Napoleon, alluding to the treaties in 1815, said they should oniy be mentioned to be execrated. The insurreetion in Poland was lawful on account of the conscription, which was a real proscription en masse directed by the good pleasure of the police. The Prince enumerated the barbarous measures taken and the atrecitics comuitted by the Russians, and asked whether the Emperor's Government ought not to do for Poland what preceding Governments have done. In reviewing the position taken up by the Grea: Powers, the Prince waa of opivion that Ruasizs sought to disturb the goed understanding existing between France and England in order to earry out her designs in the East. “ Russia, in order to hold her troops avaliable against the eman-

| The dividends are to be paid in sterling 08 | cipated serfs, endeavoured tocone!udea convention ‘the lstof March and Ist Sept., and the prin-! with Prussia.” With regard to Austria, Prince

Napoleon said thui leg conduct, though it migit cause surprise, was satisfactory. The Prince then drew attention to the unanimity of the Polish movement, and said:—“ Men of all opinions ard all ranks, up to the Archbishop of Warsaw, take part in the insurrection. With thie etate of things it would be deplorable to be’ ouly able to give to the Poles councils of resignation. Te pass to the order ef the day ia te vote againat the na- tional feeling of France. Circumstances are more favourable, than ever. The Emperor is in the prime of his years and his genius. Our prestige i# great abroad, and affairs at home are on a solid basis. ‘The moment has come to act.” Siecle cies

AMERICAN SILVER AT A DiscounT.—In con- sequence of the opperations of American specula- tors whe are flooding the City with American Silver and Cente, aud partially owing to the deci- sion of the Banks not to reeeive any except British silver for deposit, our merehants and others have come to the determination io refuse American cents in tote, and te deduct twenty per cent. frou the “face” value of American silver. The five

Peent piece, therefure will not be taken for more

than 4 cents; the ten’ cent piece at 8 cents; the “ quarter” at 20 cents, and the “ half dollar” at 40 cents. We understand that some partice from the States have recently brought on American cents by the barrel, and up to Thureday were busily en- gaged in turning them into British silver, thence ito Province notes,and then into GoLp,which is again increasing in value in New York.

The expressmen and others will probably make something handsome by buying up the tabooed cents at a heavy discount, and turning them to account in their busiuess transactions iu Eastport, Pertland ard Boston.

P. S.—We were informed on Thursday that $10,000 worth of Yankee silver was expected to arrive by the “ Forest City” last evening ‘The resolution of the merchanta was thereiore come to at the right moment to spoil the speculation.— St. John, N. B., Telegraph.

eens Tse Goon Women or PaisLty aND THE Princess og Wares. — The wives and Gaughters of the operative weavers of the burgh of Paisley have presented to the Prineess a shaw!, the workmanship of their husbands and fathers, as a smell manifests- tion of their loyalty and esteem. The following elinues beddisab has been received from Windsor Castle :—** Lord Harris writee to inform Mrs. Osborne and Miss Kelly that the address signed by they on behalf of the wives and daughters of the operative weavers of the burgh of Paisley has been received, together with a shawl, and that her Royal Highness the Princess of Wales has been racious)y pleased so gcsept them. Lord larris is commanded to inform Mrs, Osborne and Miss Kelly that it is peculiarly gratify- ing to her Royal Highness to receiye these marks of loyalty and esteem, and that the beautifyl specimen of the industr of the operative weayers of Paisley will eyer re- mind her of those cordial feelings manifested thus towards her on her first arrival in this country.”’

————— ee The Ladies of Bristol have decided on pre- senting to the Princess of Wales 3 bridal

pearis and diamonds, a brooch and ear-rings,