The Week.

work . Pursuing his researches he discovered other dead bodies —100 , it is saicl , in all—hut lie was compelled by exhaustion to return , without ascertaining the fate of all the poor fellows . Last evening he was to go down again provided with a i . imp and hopes are still entertained that some , inay be found living . There was conclusive evidence that the unfortunate men had made every effort to remove the obstruction which cut them off from the world above , ancl eventually from life itself .

FOBEIGN INTELLIGENCE . —M . Fould has submitted to the Emperor an outline of his financial scheme . The gradual reduction in the number of fche French army still goes on , and will have brought down tlie effective by the end of this year to 400 , 000 men from the 600 , 000 of 1839 . M . Fouid divides his financial system into two budgets , the ordinary ancl the extraordinary , ancl he proposes to appropriate to each division of expenditure sources of revenue properly applying to it . The ordinary budget will

show a suplns , The deficiency of the extraordinary budget will thus be balanced , and will add no new bin-then . The standing deficit will cease to increase , and will soon , M . Fouid hopes , diminish . He assures the Emperor that it will not "be necessary for the reduction of the deficit to have recourse to a loan . He proposes , however , to give certain advantages so the holders of 4-J per cent , rents , by their conversion into 3 per cents , ancl

paying- up an amount which will be equivalent to a loan of £ 12 , 000 , 000 . There are to be new taxes whieh are estimated to produce £ 2 , 000 , 000 jier annum . In the statement of his financial project M . Fould refers to the satisfactory effects produced on the trade and commerce of France by the adoption of the commercial treaty with England . The impression produced by some ofthe financial proposals of M . Fould on the Paris Bourse was decidedly unfavourable . The Paris correspondent of the

Times asserts that the question of the French occupation of Eome has been formally debated in a Cabinet Council , ancl the most of the Ministers advocated a withdrawal of the French troops , but that the Emperor Napoleon ultimately closed the discussion by declaring that " matters should stand as they are until further orders . " Notwithstanding the severe distress prevalent in the manufacturing districts of France , there is said to have been some revival of the trade in Paris since the settlement of the dispute between England and the United

States , and the Bank of France's reduction of its rate of discount testifies to a , diminution of motnetary pressure . Monsignor Chigi , the new Papal nuncio to the court of the Tuileries , Avho has just arrived in Paris , is said to be the hearer of an autograph letter from the Pope to the Emperor Napoleon . The circular dispatch addressee ! by Baron Eicasoli , on the 3 rd inst , to the representatives of Italy at the various foreign courts has been published . After a reference to the

discussions in the Chamber of Deputies , ancl the important decisions as to the finances of the country at which that body has arrived , the dispatch alludes to the vote of confidence in the Ministry , rather for its importance as again sanctioning the programme which is conducting Italy towards entire unity , than for the gratification it affords to individuals . If we may believe a Turin journal , there is a scheme for the joint occupation of the remnant of the Papal States bFrench

y and Italian troops . The French would continue' to occupy Eome exclusively ; but throughout the patrimony of St . Peter Italian or mixed garrisons would be entrusted with the task of maintaing order , and preventing the incursions of brigands into Victor Emmanuel's territories . Rumours are prevalent of an approaching marriage project , destined to unite Prince Oscar of Sweden to the second daughter

of King Victor Emmanuel . The visit of Prince Oscar to Turin would naturally set ' speculation afloat upon this theme . The Russian Government has published an Imperial ukase , announcing that an increase is to take place in the poll and stamp taxes , and in the import duties , Avhich in the latter case will be five per cent for articles entering Russia hy the European and Asiatic frontiers . The Liberal party in the Prussian Diet has shown its strength by its success in appointing Liberals to the

offices of presidents and vice-presidents of the Lower House . The Sultan , in an imperial hatt , has promised his subjects that he will immediately make financial reforms .- The first of his measures appears to have been a stoppage of all official salaries until March next—a step which may possibly he agreeable to the ratepayers , but which Avill certainly be very disareeable to all officials . AMERICA .- —By the arrival of the Persia at Liverpool , and the Niagara at Queenstown , Ave have direct intelligence from New York to the 7 th , and by telegraph to the 9 th . The Trent

The Week.

question had been the subject of debate in both Houses of Congress . Mr . Sumner , in the Senate , admitted that Captain AV'ilkes was wrong in seizing the commissioners , but said that in so doing he acted according to international law as expounded by the British authorities ; and claimed the concession of Messrs . Mason and Seidell , at the demand of England , as a great politica l triumph for American principles . The debate in tlie House of Representatives was marked by a great degree of rancour

against England , and threats of retribution at some future period ivere freely indulged in . A congressional committee had reported on a hill authorising the issue of a hundred million dollars worth of demand notes , constitute a legal tender , and which may be exchanged at any time for Six per Cent . 20 years ' Coupons or Registered Bonds . The new tea ancl coffee tariff is not . to be enforced on goods now in bond . A great

victory is reported by the Federals at Hilton Head , near Port Royal , and the Federals are said to have advanced within six miles of Charleston . Success is also said to have attended the Northern troops iu Western Virginia , where they defeated the Confederates with a loss of eighty killed ancl Wounded , and a large quantity of clothing and stores . Later intelligence has been brought hy the Etna . The great expedition which has been so long organising at Cairo Avill sail immediately clown the Mississippi . A portion of it , we read , has already moved southwards . General Grant , at the head of an army of 60 , 000 men , will march from Cairo upon Nashville ,

the capital of Tennessee , thus carrying the war into the heart of the Slave States . He will then endeavour to effect a junction with General Bull , ancl the combined force will attempt the capture of New Orleans . Such is the programme given , but it must , of course , be taken with reserve , as those in the secret are not likely to run any risk of failure by prematurely divulging their plans . Still enough is known to make it certain that the Mississippi expedition is about to sail , and that the

banks of that great historic river—the key of the South-West —are about to become the scene of important events . The Congressional Committee of Ways ancl Means have resolved to raise 150 millions of dollars by taxation during the present year . This is an unmistakeable proof of the confidence felt b y Congress in the loyalty of the people , and their willingness to meet the burthens entailed by the war . The Spanish government , it appears , gave orders on Saturday that the Confederate

steamer Sumter should quit Cadiz within six hours . That redoubtable cruiser consequently left the harbour the same evening , and proceeded to the neighbouring port of Gibraltar , before entering which , however , she captured two American vessels ,, one of which she burned , though she released the other , apparently because she was bound to a British port , avid was laden with a cargo belonging to neutrals . Before she epiitted Cadiz six of her crew deserted , and the Spanish authorities refused to compel the runaways to return to their ship , on tlie grounds that Spain had not recognised the Southern Confederacy , and that no extradition treaty was in force .

To Correspondents.

TO CORRESPONDENTS .

AN OLD SITBSCBIEEE . —The question you have put is not new to us , for wo recollect seeing , in one of the illustrated papers , an engraving of St . Govors AVell , not above five or six months since . "Unfortunately we did not preserve a notice of it , but remember thafc it was stated to be a well known mineral spring which had been in repute from the days of George II . Of St . Govor wo are not so sure , but recommend our Old

Subscriber to consult AVarton ' s Britannia Sancta , or Butler's Lives of ihe Saints , where , if he was canonised , there will be sr . re to be an account of him . Perhaps Leigh Hunt ' s pleasant book of gossip about Kensington , called The Old Court-Suburb , may afford the information ; try it . A BEOTHEE . —1 . A Provincial or Past Provincial Grand Officer is not entitled to wear his collar in lodges out of the province of which he is or was an officer . —2 . The immediate P . M . of

a lodge cannot claim , either of right or by custom , the power of delivering the lectures on the tracing boards . 'The power is solely in the AA . M . for the time being , who , however , can ask any other brother to perform the duty . —3 . The duties of M . C . and Steward in a private lodge are , to look after the creature comforts of the brethren at refreshment , and see the visitors to their allotted places . —4 . By the Tyler .