GREAT BRITAIN.

The opening of Parliament is fixed to take place on the third of February; in the meanwhile Government will have leisure to decide upon its course with respect to the Catholic excitement, which has continued to rage with an intensity out of all proportion to the cause which has excited it. The simple act of appointing bishops to the various dioceses, has been construed into an arrogant encroachment upon the prerogatives of the Crown, and an attack upon the liberties and independence of the people. The surprise of Hannibal, when lying before the walls of Rome in hourly expectation of the surrender of the city, could not have been greater at learning that an army had just been dispatched for foreign conquest, and the very spot where he was encamped sold for a high price at public auction, than that of the English at the news that the sovereign of a petty principality, who had been driven from his dominions by his own subjects, and was brought back and sustained only by foreign arms, should coolly map out their country among his own dependents. The papers are filled with remonstrances, addresses, petitions, speeches, and protests from every body to every body. Twenty-six archbishops and bishops, comprising the whole episcopal bench, with two exceptions, united in a solemn protest to the Queen against this treatment of England as a heathen country, and the assumption of ecclesiastical dominion by the Pope. The Bishop of Exeter, having his hands rid of the Gorham difficulty, refused to sign this document, and prepared for presentation to her Majesty an address of his own, of portentous length, couched in that cumbrous phraseology affected by ecclesiastical writers. This was returned to the author by the Secretary of State, with the very curt announcement that it was not a document which he could properly lay before her Majesty. Addresses were presented on one day from the authorities of London, and from the Universities of Oxford and Cambridge. That from Oxford was read by the Duke of Wellington, that from Cambridge by Prince Albert, as the Chancellors of the respective universities. The addresses expressed attachment to the royal person and the principles of the Reformation; and indignation at the Papal aggressions upon the royal supremacy; with earnest petitions that prompt measures might be taken to repress all foreign encroachments upon the rights of the Crown and the independence of the people. The London address contained, moreover, significant hints at innovations, principles, and practices nearly allied to those of Rome, sanctioned by some of the clergy, and expressed a desire for the preservation and purity of the Protestant faith. The replies of the Queen, having of course been prepared beforehand by the Ministry, are of some consequence, as foreshadowing the probable course of Government. They were all to the same general purport: she thanked them for their expressions of attachment to her person and Government; and declared that it should be her constant endeavor, as supreme governor of the realm, to maintain the rights of the Crown and the independence of the people, against all encroachments of foreign powers; and to promote the purity and efficiency of the Reformed Church. It was noted as a somewhat singular circumstance that the room at Windsor where these deputations were received, contained portraits of Pope Pius VII. and Cardinal Gonsalves. Among the most singular petitions to the Queen, was one from the women of Windsor, urging her Majesty to guard them from the "intolerable abuses of the Papal hierarchy," which would "enforce upon as many of the people as possible the practice of auricular confession; and from the bare possibility of this practice being pressed upon us and our children, we shrink with instinctive horror." The Scottish Bishops have addressed a letter to their English brethren, sympathizing with them under this attack, and pledging their "influence and ability in restraining this intolerable aggression on the rights of the venerable church." An old law of Elizabeth has been hunted out, making the importation of relics, crucifixes, and the like a penal offense, and though the penalties are repealed, it is still a misdemeanor; some of the more zealous opponents of Romanism demand that this should be put in force; and also that all such articles be stopped at the custom-house. They would also have the exhibition and sale of them prohibited, as being "a means of enticing men into idolatry," and they add, as idolatry is "no less a sin than fornication, there seems no solid reason why those who obtrude idolatrous objects upon the public gaze, should not be punished as offenders against public morals, as much as the venders of obscene prints." The general excitement has manifested itself in some unlooked-for quarters. During the performance at the theatre of King John, the representative of Cardinal Pandulph was hissed continually, and could hardly go on with his part; when Mr. Macready, as King John, pronounced the passage—

"No Italian priest
Shall tithe or toll in our dominions,"

the whole theatre rang with deafening applause. The immediate effect of this agitation will, undoubtedly, be most severely felt by what is known as the Tractarian party in the Church of England, one portion of whom will be forced forward to Catholicism, and the other driven back to the great body of the English Church. Mr. Bennett, whose church in London was attacked by a mob, on account of certain alleged Romish practices, has resigned his charge. This is looked upon as of some importance, from the fact of its being the church attended by Lord John Russell in London; and that the resignation was brought about by the Bishop of London, who has himself been accused of similar tendencies. The general sentiment of the Nonconformist and Dissenting Press is, that the quarrel is one between two hierarchical establishments equally hostile to them; and that, whoever gets worsted, it must result in their own advantage. The conduct of Cardinal Wiseman has throughout been marked with great skill and foresight. The ceremony of his enthronization took place as privately as possible, in order to avoid a mob; on this occasion he delivered a sermon, characterized by his usual ability and tact, which was of course published in all the papers, thus obtaining all desirable publicity. It is as yet uncertain what steps Government will take. There are rumors of dissensions on this question in the Cabinet, which must result in its dissolution; but they seem to come from quarters where the wish is father to the thought; at least they are not authenticated.

The most important economic movement is the effort which is made in every direction to increase the sources of supply of cotton, or to find some means of substituting flax for those manufactures, of which cotton is now the sole material. The importance of these measures becomes obvious when it is recollected how great a portion of British capital and industry is invested in the cotton manufacture, and to what an extent they are indebted to the United States for the supply of the indispensable material. The United States furnish about four-fifths of the cotton used in Great Britain; and the supply from other sources is diminishing; a decided failure of the cotton-crop here, or a war, which should interrupt the supply, would produce greater distress in England than did the failure of the potato-crop in Ireland. The West Indies cannot be looked to at present for any large supply. The cotton of India, though well adapted for the old method of manufacture, is too short in staple to be advantageously wrought by the machinery now in use, and it has been found that American cotton transplanted there soon deteriorates, and on the whole, efforts to extend the culture there have failed. Australia seems at present the most promising quarter from which to expect a future supply.

The Highlands of Scotland are now suffering as severely from famine as did Ireland during the worst year of the potato failure. The cause of the distress is said to be the absolute entailment of the landed property, which keeps the country in the hands of those who are too poor to cultivate it; and the only remedy is to break the entails, so as to suffer capital to be laid out upon the land, and thereby furnish employment, and produce subsistence for the resident population.

The Cunard steamers, finding that the Collins and the New York and Havre lines have at last equaled them in the speed and safety of their vessels, and far exceeded them in beauty and comfort, have apparently resolved to test the question of the supremacy of the sea by the relative capacity of purses. While the Franklin was loading at Havre, the Cunarders suddenly reduced the price of freight from $40 per ton to $20, and finally to $10, from Havre to New York by way of Liverpool; which is, in fact, carrying from Liverpool to New York gratis, the cost of conveyance from Havre to Liverpool, and transhipment, being fully $10. This is understood to be the commencement of an opposition, undertaken in a like paltry spirit, against all the lines of American steamers. It remains to be seen whether those who have been defeated in a fair and honorable competition in science and skill, will succeed in so contemptible a contest as that they purpose to wage.

The present increased value of silver, in all countries, is accounted for in the commercial papers, not by the excess of gold from California, but by special and temporary circumstances in the commercial world. The enormous armaments in Germany require a large amount of silver to pay off the soldiers. The prevalent feeling of insecurity has caused the hoarding of large amounts in small sums, of course in silver, which has reduced the amount in circulation. In addition to which, Holland has made silver only, a legal tender, which has occasioned a desire on the part of bankers who have gold on deposit, to convert it into silver; these, together with an apprehension that the amount of gold from California would in time diminish its relative value, have caused a temporary demand for silver, which has, of course, raised its price.

FRANCE.

The Legislative Assembly continues in session, but the proceedings are mostly of local interest. The committee presented a report in favor of the policy of neutrality, recommended by the President in relation to the affairs of Germany, and brought in a bill appropriating a credit of 8,640,000f. to defray the expenses of the 40,000 additional men demanded by the President's Message. After a sharp discussion, the resolutions were adopted, and the bill passed, by a majority of more than two to one. This is the only test-question, thus far, between the Government and the Opposition, and shows that the "Party of Order" are in a decided majority. A bill has been passed appropriating 600,000f. toward establishing cheap baths and wash-houses. The communes desiring aid from this fund are to furnish plans for the approval of the Minister of Commerce and Agriculture, and to provide two-thirds of the necessary funds, Government providing the other third, in no case, however, to exceed 50,000f. A report was presented by M. Montalembert, in favor of a bill for the better observance of the Sabbath in France. The prominent points were: that labor on public works should be suspended on the Sabbath and fête days, except in cases of public necessity; and that all agreements binding laborers to work on the Sabbath or on fête days, should be prohibited; this provision, however, not to apply to the venders of comestibles, or to carriers, and those engaged upon railways, the post, and similar employments. The proposition met with no favor.