LATEST TELEGRAMS, FROM JANUARY 28 TO FEBRUARY 21.

Daily Southern Cross, Volume XXIV, Issue 3339, 30 March 1868, Page 3

LATEST TELEGRAMS, FROM JANUARY 28 TO FEBRUARY 21.

Tranquillity has been restored in Cork, after various Fenian riots. Twenty thousand Irishmen residing in London have presented an address of loyalty and devotion to the Queen. The French Senate has passed an Army Bill. The Moniteur states that the attitude of the Great Powers shows a concurrence of conciliatory and peaceful symptoms. France has arranged with Russia for a dissolution of the commercial treaty of Mecklenburg. The site of Mount Vesuvius has given way daring the eruptions. Numerous houses have been buried. Mullany has turned Queen's evidence, and has disclosed a Fenian plot to seize the Bank of England. Parliament re-assembled on the 14th of February. 5 Mr. Disraeli has introduced a bill to establish a nejr tribunal for the prevention of bribery at elections^ composed of three lawyers. The measure is strongly opposed. Government has introduced a bill suspending the Habeas Corpus Act in Ireland until the 18th of March of next year. The Reform Bill for Scot* land, which has been introduced, provides for seven new members. Larger representation is claimed. The Reform Bill for Ireland is promised on the 9th March. Lord Derby is seriously indisposed, and his condi* tion excites great uneasiness. Should Lord Derby die or resign, Lord Stanley is regarded as his successor in the Premiership. Sir Stafford Norfchcote states that Egypt ha? afforded every facility for the Abyssinian Expe* dition. It is rumoured that President Johnson intends to demand a settlement of the ' Alabama' claims. Earl Russell has written a letter concerning his resignation of the leadership of the Liberal!, and recommending Mr. Gladstone as his successor. Lennan has been acquitted of the charge of murder, found guilty of high treason, and sentenced to fifteen years' penal servitude. The Earl of Mayo is mentioned as the successor of Sir John Lawrence as Viceroy of India. Sir Koberfc Napier started for Attegerat, Abyisinia, on the 4th of February, for which place a majority of the Magdala advance force was en route. Colonel Phayre wa9 making rapid progress with roads beyond Attegerat. Water and grass were abundant. The country is level. The chief Kassay received Major Grant with great honou p , and it was expected that he would meet Sir Robert Napier at Attegerat. The rebels were opposing Theodorus's march to Magdala. fie had precipitately returned, leaving the road open. Stores were rapidly arriving. News had been re* ceived from the captives, stating' that they were in good health. It was considered doubtful whether the chief Gobazyz would attack King Theodoru*. Advices from Zoulla, dated January 14, state that King Theodorus was between Wadela and Dalanta, near Magdala. The rebels were in his front. Gobazyz was also in the neighbourhood. An engagement was believed to be imminent. Gobazyz had sent a friendly message to Sit R. Napier. It is asserted on reliable authority that the Viceroy intends to withdraw the greater part of the Egyptian troops from Abyssinia, leaving only a few men at Mussowah, It is said that 233 vessels have been chartered in Calcutta, Suez, England, and Bombay, foe the Abyssinian expedition. The freight alone, without coal, costs £392,000 monthly.

SHIPPING. Arrivals. — January 11, Liberator, from Sydney ; January 14, Strathdon, from Syduey ; January 24, Bruckley Castle,, from Sydney ; January 18, Kent;, from Melbourne.' Departures. —January 2, Gala, for Melbourne j January 4, Rob Eoy, for Melbourne ; January 6, Wave of Life, for Melbourne; January 9, Royal Oak, for Melbourne ; January 12, White Roie, for Sydney ; January 12, W. H. Hodgen, for Sydney ; January 22, Essex, for Sydney ; January 7, Sir John Lawrence, for Sydney 'j January 8, Ben Lomond, for Sydney ; January 25, Northampton, Borealit, from Deal, for Sydney.

The Economist comes to the following conclusions in regard to the Royal Bank of Liverpool : — "First, the Koyal Bank invented a new error in banking. No mistake is more common than fora bank to carry on insolrent customers. But the Royal Bank went further further; they not only carried on their customers, but contracted to carry them on. In effect the bank had thus made a treaty with a bad customer not to ruin him, but only to ruin themselves. Secondly, there is a considerable loss on the ' purchase of shares account,' and no bank ought ever to get or lose by buying and selling its own shares. Thirdly, though the details are not given us, it is evident that the Koyal Bank made reckless and improper advances on shipping property. A ship is a bad security for a banker at the best : it oan earn nothing while it stays in port, and if it goeg to sea it may come home with a bottomry bond or many bottomry bonds— the last of which will, by law maritime, take precedence of all others, and all of which will take rank before the bankers. Perhaps a banker .ought never to advance on such a commodity at all j but everybody will admit that a banker who touches such a delicate security ought to do so with extreme care and precaution, whereas the Royal Bank plainly took it as an ordinary everyday t thing. But none of these errors iare. bo bad as the large advances to the chairman and managing. directors. Ie is .suggested that the remedy is to present all advances' by * bank to its directors and manager*. But, in the first place, this is easier said than' done • these persons hare thd custody of the till, and if they, wish to help themselves they oan do so either directly or indirectly. Moreover, a director must either bank at his own bank or at a hostile bank, *nd as no decent man likes to ask a hostile bank fo* money, no decent man will be a director of a bank if he is kept from borrowing from it. Belonging to one bank destroys very futndly relation! with all others. The real remedy is quite different. You should get a good set of directors, and pay them, enough to make it worth while to know all about the buwness." . A horse-flesh dinner has at length been eaten in London; A company. sat. down one evening last week to consume an old grey horse, and -partook of him in every form from soup to leg. There was a great difficulty in getting, the animal slaughtered, then, in finding a cook who would condescend todress the beast, and then a house of entertainment ' Where man And beast could be taken in. Despite' these difficulties, .the horse-flesh eatera achieved' their object and are delighted with the result. I The 1 success of the experiment is said to have* been so unequivocal that in, all probability it will' noon be renj&wedi;,! ?, , , .Vi^ c) j f -'I i.Jtunue?