As only three days have elapsed since four issue for the French mail, our record of local nows is meagre. Wo have, how-cover, mulch interesting intelligence regard ing the progress of the Nienfei campaign which will found in ow outport eorrespondence.
'A scheme is on foot for the formation of Rifle Company in Shanghai. In view of the present disorganized state of the Vo-Junteer Corps and the improbability ofts being revived as an eficiont military body until circumstances occur to demand its activity, it has boon determined by the Commandant and Oficors of the Corps to call small the arms and collect no further subscriptions, with the exception of those in arrear; in fact, without actual disbaudment, to allow the Corps to sink into a state of dormancy and to remain so until ita services are again required. This couno is doomed more desirable than utter dissolution, as it preserves the means of ro-suscitation at any future time, toa very great extent. But, in anier to obtain ways and means for keeping the arms and other property of the Corps in good condition, and at the sumo prevent all interest from being lost to the movement, itis proposed to form an association for the promotion of Rillo shooting; and it is thought that most of the motubers of the V. C. as well as many other gentlemen, will readily devote a little time ani attention to th acquirement of skill in 0 useful ay art, when it can be done without all the dry detail and fati rily be gone through under any military system. "Tt is with sincere regret that we notice the decline of the Volunteer Corp Dut all nest have lately scon that its fate Was inevitable, We believe the officers have done all in their power to keep up the movement in its integrity, but the main source of interost—the necessity for the force, has long since disappeared, Wo are convinced hiowover that, should emergency again arise, Volunteers will not be wanting.
'A schonio is also being got up for a Swimming Bath at Shanghai. The promotors purposoto roofing the New Dock,—which has boon long nscleas for receiving ships, owing to its state of disropair—and as been kindly placed at their disposal by Captain Roberts. The Dock is admirably adapted for the purpose, being 300 feet Long by 60 broad with 18 feot depth of water would be made shallow for the accommoda-of non-swimmers. The water em always bbe kept perfectly fresh and clear. The only outlay will be Tis, 1,000 for roofing in the dock with mats and thatch, which amount it is proposed to mate by an outrance foo of Tls. 10 from each member, the annal subscription not to exceed $3—the bath will be realy for uso within a woak after the money hgs been subscribed.
Our Tresrsix correspondent, writing wu dor date of the 12th inst, says the appoarance of rebels or Danditti at the city of Wan-gan (1) about 300 lo from Tiontai hias created a demand for'silver which caused rates to rise to 1,630 copper cash for the tael. The drought atill continues, and the mandarins are daily praying for Thery ary as yot no signs of it, and the heat continues very oppressive. The ued an edict ingyrcting to take Mans for relieving the distress of tho.inhabitants, Letters from Cunsxtaxa and Cutnroo correspondents, giving interesting parti Jars, regarding Lihung-chang's campaign against the Nie will be found under boudings. Tt seems that in outflanking his oppovonts and driving then to the Shantung
Text read from the printed page and cleaned; old type leaves the occasional error.