The Express.
London, England, 1852-03-22 00:00:00

FRANCE.

PARIS, SATCIDAT EVIIIING.
II You will observe that the Bourse is a little better
to-day. This is traceable in part to a cunununiqueis
the Muniteur, which is calculated greatly to reassure
the renders who apply to the Treasury for reim-
bursement. If tho reimbursement is to be effected
by series such renticrs are, in fact, promised 3 per
cent up to the moment of their being paid off. But
it is important to giro this notice textually. It
is as follows:

Doubts appear to have arisen as to the interpretation to
be gives to Article 4 of the decree of the Minister of
Finance, fm carrying into effect the decree relative to the
oevivenies. It suMees, in order to explain the real sew'.
of that article, to remark that the receipts delivered is ex-
change for the inscriptions form a negneiable security.
These receipts am, moreover, merely temporary, and ne-
cessarily cease alter the 3rd of April. At that period they
will be immediately reimbursed, or, if the reimbursement
is to be effected by series, they will be replaced by new
securities at the same interest, and possessing all the ordi-
nary facilities of transfer.
_

I remarked yesterday that such an assurance
would unquestionably give great satisfaction to the
bondholders, but that the tendency would be to cre-
ate a run upon the treasury, as every rentier wili
prefer getting his 5 per cent. as long a 4 possible in-
stead of accepting the Four-and-a-Half per Cent.
I Bonds offered him in exchange. To continue to
enjoy his 3 per cent. ho will only have to demand
reimbursement; for the state being at present
unable to pay off oven a tenth of the whole debt,
can only undert Ate the operation by series,
and in proportion to the disposable means of
the treasury. It is therefore clear that if
all the holders of the Five per Cents. were to de-
mand reimbursement from time to time a small

fraction of the beads would be extinguished by lot,
while the holders of the remainder continued to re-
ceive their S per cents. as before the conversion ; for
the receipts, spoken of in the Communiquf, , are to all
intents and purposes nothing but the old Five per
Cent: Bence still surviving after their pretended con-
version. The communicated note in the Moniteur must
b, thesollsre, regarded as a decided reculade, which
elloos onegistely the whole measure. This is che-
nille** d the government of Louis Napoleon,:who
hi Si the boldness of his advances is swift
is • entreat when the verdict of public
o itself decidedly against him.
A eirceinstaoce seems to have operated in
pg....
giving a lift to the Bourse. It is reported that
Fould is going to return to office. Another report
is, that the Bank has offered to lend the Treasury
a hundred millions of francs at 41 per cent.
I have already observed that the crumbs thrown
to the petits rentiers by the dearer enabling certain
of them to receive 5 per cent. by lageelting their capi-
tal in the Caine des Rettaites will lame lea a small
fraction of that comelaini ag closet Ihestatescreditors.
The Assernldie, in a judicious wade on this subject,
observes that the es e6tell apheee d this lama ran
hardly be regretted. w the owitowgd theommeides
weela be lost to the geweaseeee he growths to the
eowier of rentims owilke _llmemein of the dame. The Mob, as the Mier Meal, attempts Si prove
ad the phew ale applied's to one-third of the
Wiwi of the live per Oats. This inostrous
=adon sins from the hitter jeowel Ime7ng
te perceive that the alma is spraseble only
to Wit es we above 10 pew if age. Aeolleer m-
eantime which will tend te roue, the ember of
deeniters of renter in the Cahn. des Retraitee is,
thetupital so deposited cannot be withdrawn during
the 111...t:ii&lf . =, which forms, in fact, the
for the state, and enables it
to gese est* of interest than it could Ward
foe NOM vet es fixed.
Te-day these bee been much talk about the damage
inflicted on tandeeeecieties by the decree of COLIVer.
okra. All seek esegooles are obliged to invest the
(metal contribelei in a cent. stock.
M. Becher bee to the Court of Cessation
visa the ...Mena of the Osert of Appeal.
The SW* if yomemby evening says : " Reports
hive home is circulation relative to the creation of a
I raw system of tasaiiem but they are templet an-
iliesied. The budget has been made out and pub-
lished, and it contains all the measures of this kind
which the government thinks necessary to adopt.
Beyond what is there expressed there will be no
innovation "
Notwithstanding this semi-official denial, a ru-
mour prevailed to-day that it was intended to pro-
pose in the budget of 1853 a tax of 23 per cent. on
all property left out of the direct line of succession
from father to son.
The saw-

of the amalgamation of the
Bordeaux, Nantes, Central, and Orleans lines was
unfavourably received at the Bourse yesterday, and
the fall iu the ',hares of those companies was in a
great measure attributed to it. lhe general opinion
seemed to be that the creation of 96,000 new sharer
by the Orleans company was not very compatible with
the present high price of 1200. It was thought, also,
notwithstanding etatements to the contrary, that fur-
ther calls would necessarily be made upon the Bordeaux
shareholders to make up the requisite capital for
all the work.' propust,l to be undertaken. It lie, been
asked what arrangement is to be entered into to
meet the difficulty of the difference existing between
the length of the concessions granted to these various

THE EXPRESS, MONDAY

companies. The coaecesion of the Orleans line is foe 99
yokre, of which 8 huff aliteady elntbed I that et the
Illernon lice ill SO years I, mathat ef the Nantes and
Illorcleau.t lines 60 yeersluth. It wodi evidently
be neeereary, la order ant the ainkialkiland of the
old and new capital &Add be •Dead on uniform
conditions, to have this easeisione of three latter
lines raised to 99 year like that of the Orleans
line. Although it was positively stated yesterday in
a eemi-ufficial joureal,theOonstindiumnel, that the amal-
gamation had been decided upon, it does not yet ap-
pear certain that it will be carried into efibet, for the
Patric has been instructed, possibly on accunt of the
fall at the Bourse yesterday, to my that the arrange-
ment contemplated by tho companies cannot ho
effected without the sanction of the government, and
that no official communication respecting it has
hitherto been made.

The Council General of the department of the Eure
has just voted a sum of two millions of francs for the
railway from Paris to Cherbourg, of which
1,800,000 fr. aro to be appropriated to the direct line
from Paris to Caen, and 300,000 fr. to the branch line
from Serquigny to Tourville when it shall be executed.
The railway from Paris to Caen is not postponed, as
has been incorrectly reported, it is only the branch-
line above alluded to, the execution of which has
been deferred.

Several tenders for the railway from Saint-Dizier
to Gray have been within the last few days presented
to the Minister of Public Works. There are four
companies who have come forward as competitors :
the company Grimaldi; another at the head of which
is M. de Vandenl; • third called the company of
Engineer Officers, at the head of which is General
Daulle, formerly president of the consultative com-
mittee on fortifications at the war department ; and,
lastly, the Paris to Strasburg Company. Tho esti- '
mated expense is from 40 to 45 millions. The first
named company has already deposited its caution-
money at the Caisse des Depots et Consignations,
but the probabilities are, notwithstanding, considered
to be in favour of the Strasburg. Compan
Prince Louis Napoleon received on
Thursday
a
numerous deputation from the departments of the
Centre, praying for a prompt execution of the rail-
way from Chateauroux to Limoges. Amongst the
gentlemen who thus attended were M. Michel Che-
valier, M. Sallandrouxe, M. Delamarre, Baron de
Jouvenel, and M. Louis Ardent, mayor of Limoges.
M. Michel Chevalier explained to the President the
wants of the central departments, and the great ad-
vantage which the line in question would confer on
them. The President listened attentively to the
statement, and promised that the case should be
taken into consideration.

The Public states that since the promulgation of
the decree relative to the mortgage banks, a company
has been formed, under the name of M. Thibeau, to
establish a bank of that description. The Thibeau
Bank has now formed a fusion with another company
of the saute kind. Amongst the founders ol the two
companies are included the houses of Rothschild and
Fould, M. Bartholony, M. Benoist d'Ary, &c. The
capital at present disposable is stated to be 40 mil-
lions of francs. The examination and approbation
&the statutes by the government will not, tt is said,
be long delayed.
The Esiescipation of Brooch says:
M. Emile de Oirardin is on the point of returning to
France. It may be remembered that his mother in-law,
Madame Sophia Gay, died at the beginning of this month.
A short time alter that event, M. de Oirardin wu informed
by one of his friends, that the President of the Republic,
considering that his presence might be useful to his family,
wu disposed to allow him to return if be made a direct
request to that effect. On hearing this, IL de Girardia
wrote from Brusaels a few days since a letter to the follow-
ing effect :—" Monsieur le F'resident,—A decree of the
month of January banished me from France. Cousidera-
tionsof property render my presence in Paris !actuary at
this moment. I beg you, therefore, to suspend the decree
which ha. condemned me to exilic Accept my salutations,
dte." Jo reply to this letter M. Emile de Oita:din received
his pasol.nrt for Paris.

Our letters from the south state that the secret
societies are endeavouring to reconstitute themselves,
and that a directing committee excites them to do so
by propagating a report that an insurrectional move-
ment is to take place in the southern departments.
Lyons appears to be the central point, to which the
orders coming from London, Pans, and Geneva con-
verge. The most stringent orders have been given
from the ministry of police to prevent these societies
from collecting together their scattered remains.
A search effected at the residence of a demagogical
leader at Caen ha. placed the minister of police on
the trace of a depot of gunpowder and ball. Severe
measures have been ordered against the person in-
criminated and his accomplices.
General Pacheco-y-Obes, the Minister Plenipo-
tentiary of the Republic of Uruguay, has just sent
200 fr. to each of the mayors of Paris, to be distri-
bated to the poor on the occasion of the downfall of
Rams. The general's national vanity appears to have
been hurt by the accounts of the defeat of Roses,
published by the English papers. He has written to
the Sic& to deny that there was any Holstein
cavalry in Urquixa's army. Ho also asserts that
the flower of Roses' cavalry deserted t > Urquisa.
At the Bourse the Five per Cents. rose 46e. clewing
at 100.03 ; the Throe per Cents. rose 86e., and
closed at 70.15. Bank of France Shares rose 2.50.
ltailvrays were bet•er. Meeseilles rose 17.50;
Northern and Bordeaux, 7.30 each; Central, Tours
and Nantes, 0.26 each.
SUNDAY ETZNINO.
To-day tho President proceeded, soon after mid-
day, to hold a review in the court of the Tuileries.
The troops passed in review consisted of one bat-
talion of gendarmerie mobile, two battalions of foot
oriasseurs, which were on the point of quitting Paris,
and two regiments of lancers. The Prince was ac-
companied by General de St. Arnaud, minister of
war, General Magnan, commander-in-chief of the
army of Paris, and by the generals and officers of his
military household. Followed by these and by a
numerous and brilliant staff, the President rode along
the front of the troops to the music of the bands. Then,
at a signal given by the drums, several officers, non-
commissioned officers, and privates, stepped from the
ranks to receive the Cross of the Legion of Honour,'
or the new decoration, consisting of a medal enti-
tling the wearer to receive a pension of 100 fr. for
life. You will remember that the establishment of
this last decoration was one of the purposes indicated
in the spoliatory decree of January 22nd ea the ob-
jects of the confiscation of the Orleans property.
After the distribution of the decorations the troops
fib d off and retired to their barracks.

I understand that within the last few days Lord
Cowley, accompanied by the Belgian minister, M.
Firmin Hagler, paid a visit to Count Turgot, the
Minister of Foreign Affairs. The object of this
diplomatic interview seems to have been two-fold.
In the first place, explanations were, as I understand,
demanded with regard to the attitude and intentions
of France towards Belgium, and, secondly, with re-
gard to the reported design of effecting a change
in the form of the government, as it was said
that preparations were making, not only for
holding a vast review, but actually for proclaiming
the empire on the 3th of May, anniversary of the
Emperor's death. On the first point the answers of
Count Target were considered satisfactory. The
Minister of Foreign Affairs repeated once more the
same assurances of a pacific policy, which the govern-
ment of Louis Napoleon has not ceased to avow since
the coup d'etat of December. As to the other subject
of demand, Count Turgot was more reserved. Ho
said that France was the only proper judge of
what government suited her best; that the
President had reserved to himself the right
of appealing to the nation on questions touching
changes in the form of government; and that expe-
rience had proved that such appeals would be an-
swered by the universal assent of France. That
tribunal was the only one to which the Prince was
responsible on such matters, and the government
could not admit the pretensions of any foreign power
to meddle with such questions. Such is the outline
given of the result of this conference.
The discussion of the new budget has set some of
the leading papers to day on the scent of free trade.
The frank adoption of this principle is advocated by
the Journa. des Aquas as the surest way to establish
• sound financial position, and to put a stop to the
ruinous accumulation of annual deficits. M. Ameddo
de Cesena, in the Palk, observes that the greatest
obstacle to fa rie 6 bon nonrehe is the prohibitive
spirit of the French tariff. If, says he, tho
fifty four prohibitions in the custom-house code
were replaced by moderate duties, and if
the present tariff were reasonably reduced, the
treasury would find a source of increased
revt.nue, which it could turn to the relief of the tax-
payer. M. de Cesena holds that the introduction of
raw produce and alimentary substances ought to
receive great-additional facilities; and affirms that it

Ft, MARCH 22, 1852.,

is indi4ssissbh to' sY as soon as possible the axe
of mien to ptemot tariff, in the intetent of the
treasum glf people, of industry, and aviculture.
To this e4Pea& will publish &series of articles,
indicating changes to be desired. The
1 Debate calls attention to the confessions of the
I tory ministers in England as decisive of the
definitive establishment of free trade in England,and
points out the signal success which has attended this
great experiment as an urgent inducement for the
French government to alnico without delay into the
I same path. The tone of the ministerial papers shows
I that this question is at last on the point of being
seriously discussed in the councils of the government ;
and probably Louis Napoleon will seek to repair by
some important concessions in the sense of free trade
the popularity which he has so grievously compro-
mised by the precipitate conversion of the Five
per Cent. Itento and the increased tax on retailed
wine.

The Moniteur contains a decree assigning various
state lands in the neighbourhood of Cherbourg to
the marine department, for the purpose of facilitating
the improvements of the port. There are also decrees
consolidating and amending various old and modern
laws and ordinances relating to ships' registers, the
painting of vessels, clandestine freights, and other
shipping regulations.
M. Persigny has written a circular to the prefects,
directing them to proceed as soon as possible to the
formation of new tribunals of commerce, pursuant to
the recent decree. The judges of these tribunals are
in future to be elected by assemblies of notables, such
as were created in 1807. The notables are to be
chosen by the prefects. The circular recommends
them to select the notables from among merchants
enjoying an extended commercial reputation, giving
a preference to the heads of the oldest houses. No
one is eligible who is not either a Frenchman by
birth or naturalisation. Frenchmen in the service of
fweign powers as consular agents are disqualified.
It is essential to a notable that he should pay
patente."
It is confidently reported that the Marseilles and
Avignon Company are upon the point of obtaining
from the state an extension of their concession from
3. to 99 years, and a guarantee of 4 per cent. A
treatys between this company and that of Lyons and
Avignon is also talked of, in virtue of which the Mar-
seilles Company will undertake to make a branch
line to Toulon.
II The Council-General of La Manche has voted a
million of francs towards the completion of the rail-
way to Cherbourg.
It appears that the contract for the amalga-
mation of the Orleans and Bordeaux, Central, and
Tours and Nantes lines, was actually signed on be-
half of the companies on Thursday last. The hesi.
tation of the government to santion the arrange-
meet is attributed in some quarters to the
fear of creating a too gigantic monopoly. The
idea of the advantages of amalgamation, as
producing unity and economy in management, is
just now a favourite one among the companies. It
is said that the Paris and Lyons and Lyons and
Avignon are hoping to obtain a fusion of their
interests, although this is the very thing which the
National Assembly thought fit, in the interest
of the public, expressly to prohibit. It is under-
stood that the powerful Orleans company does
not limit its ambition to the amalgamation for
the moment in question, but is negotiating for an
alliance with the lines from Paris to Marseilles, so
as to extend its influence from the Atlantic to the
Mediterranean, as well as throughout_ the western
districts of France. _ _ _

The company of which Messrs. Ricardo, Joseph
Locke, and Ardouin, are the leading members has
laid a proposal before the minister of public works
for the concession of a line from Bordeaux to Tou-
louse with a branch to Cette.

ITALY.
--
PIEDMONT.

Mr. blather, the young Englishman who was cut
down by an Austrian officer at Florence, was at
Genoa on the lath. The Genoa Casette states that
his face is marked with a large scar.

TURIN, MARCH 18.
The news of the conversion of the French Rentcs
was well received at the Bourse here, and produced
a rise of 3.60 upon the Five per Cents., which closed
at 96.60. The New Loan rose 4fr.

TUSCANY.

Prince Schwarzenberg's answer to M. Buldoase-
roni's note has been received, and the Austrian army
of occupation is to be reduced to 3,300 men,—a dimi-
nution of 2,000. The Tuscan government is about to
organise a regiment, which will be placed under the
orders of a French officer, Colonel Rousselot. An-
other French officer, an engineer, has arrived at
Leghorn, at the request of the Grand Duke, to sur-
vey and reportupon the state of the port of Leghorn,in which it is proposed to make extensive improve-
ments.

ROME. MARCH 12.
On Tuesday afternoon bis Holiness was indulg.
ing in a drive beyond the city walls, and had left
the precincts of the Vatican by the Porta Angelica,
when, tempted by the beauty of the day, he ordered
his cortege to halt, and alighted to walk, followed
by his major domo and two dismounted noble guards.
In the vicinity of the Milvian Bridge, close to the
criteria which tempts the Romans so frequently to
saunter out and imbibe a flask of Orvieto wine, a
person in the garb of a print observed the papal
equipage, and was suddenly seized with an irresiat-
able impulse to approach the person of his sovereign,
which he did in so rapid and unceremonious a
manner that Pio Nono was alarmed, and the noble
guards considered it to be their duty to collar the
Intruder, and prevent his actually throwing himself
at the feet of the Pope. Irritated by this
opposition, the priest insisted in a loud voice upon
being allowed to carry out his intention, and pro-
ceeded to give utterance to most unorthodox asser-
tions respecting the equality of priests and of the hu-
man race in general, winding up his diatribe by
shouting at the top of his lungs to the reluctant cars
of the retreating Pope, that he was sorry to see the
vicar of Christ surrounded by such a herd of knaves
and scoundrels. Imagine thu effect produced by
these awful and fearless denunciations. When

his Holiness had got out of his unceremo-
nious visitor's immediate neighbourhood, he
gave orders that ho should be released from
tke gripe of his captors, but strictly kept in
sight by two gendarmes, and his dwelling and avo-
cations ascertained, in order that • report of the
whole affair might bo drawn up for Cardinal Auto•
penes perusal.
This was done, and the unasked and unwelcome
adviser of his Holiness turned out to he a Dalmatian
of known eccentric habits, who had probably felt
more eccentric than ever on the day in question, from
the discussion of • couple of flasks of the before-
mentioned Orvieto wine, in the potation of which ho
was disturbed by Pio Nono's arrival. His subse-
quent attack on the Pope's advisers may therefore be
explained on the principle, in vino mans. However
this may be, be is now paying the penalty of his
temerity by a penitentiary sojourn in prison.

GERM ANY.

PRUSSIA.

• BERLIN, MAILCII 18.
Dr. Hock, 'o whom the Austrian government ha
hitherto confided the active management of its pro-
jects of commercial policy, is to go to Frankfort and
lay before the Diet the results of the Vienna
conference.. It is a chief object with Austria to
establish for the Federal Diet the right of taking
into its hands the arrangement of commercial policy
in German states.

The official Dresden journal declares for the pro-
longation of the Zollverein, but is of opinion that, as
soon as that object is effected, the realisation of Aus-
-1 tries plans, though difficuit, will receive the cordial
co operation even of those who seem least to favour
them.

An official journal in East Prussia notifies that
lug° supplies of rye are lying. on the banks of the
blench, from Komi° to Itusinan Oeorgebourg, and
will soon come to the relief of the districts where dearth
is felt. In the Berlin corn market there has been a
great fall of prices since the thaw, which has opened
the canals and facilitated the transport of supplies.
Olod rye, which lately stood as high as GO thalers
per wiuspel, was sold to-d iy at 48 'haters, snaking
:Ws. per quarter. Wheat bee sunk from 60s. to 40a.
per qr. These prices will however, scarcely last long;
there must be a partial rise again in a few weeks.

,`

The empnittos "[finance has reduced the proposed
"newipiPer @Wrap duty by one-half; the highest
rate for a daily sheet of more than 800 a9nare
blokes, would bei7s. 6d. a year, or about one-third of
a penny per number.
AUSTRIA.
The Prague Gazette of the 13th contains a procla-
mation by Clam-Gallas, which shows that tho
pepulat:an of Bohemia is still in a state far from
tranquil. Secret societies, the commandant says, yet
exist in rent numbers; and unlawful and unantho-
rimed writings, such as revolutionary proclamations,
addresses, and comments upon public affairs, circu-
late, chiefly in manuscript, among the people. The
public is reminded that the mere possession of such
documents is a crime punishable by the courts-
martial with imprisonment and hard labour for a
year. The Vienna courts-martial are still sitting,
and, in the week ending March 15, sentenced twenty
persons, convicted of petty offences deemed political,
to various imprisonments of from seven days to four'
months, diversified with blows with a rod, blows
with a stick, fasts, and irons.
In Dalmatia a coal mine has been discovered near
the town of Poniquie, in the district of Spalato.
This is the fifth discovery of the same kind made
within the last three years in the Austrian states.
The Count and Countess of Chambord have arrived
at Venice.

The conflict which threatened to arisebetween the
executive power and the Chambers of Wurtemberg,
on the subject of the fundamental right proclaimed
at Frankfort for all Germans, has been averted. The
Second Chamber, in its sitting of the 15th, adopted
by a majority of 53 aguinst 33 the government bill
declaring the fundamental rights then and henceforth
abolished as concerned Wartemberg. The second
clause of the bill, tending to re-establish the restric-
tions on the Jews which existed before 1848, was re-
jected by a strong majority. The government ac-
cepted the vote, and promised to submit to the legis-
lature propositions conceived in a spirit of liberality
towarda the Hebrew population.
BAVARIA.

Letters from Munich or the 16th represent the
ministerial crisis as still protracted. The demands
of the Bishops and the part to be taken in the ap-
proaching Zollverein Congress, are the two difficulties
of the government. Royal audiences and ministerial
couneils take place almost daily.

TURKEY.

Consequent upon the return of Resehid Paeha to
the post of Grand Vizier, Fuad Effendi has been ap-
pointed Minister of Foreign Affairs, and Mustaphe
Pacha (formerly governor of Candle), President of
the Imperial Council.
A letter from Constantinople, of March 0, in the
Constitution, states that the French frigate Pandora,
commanded by Admiral I)eefoescs, was expected, the
necessary firman for passing the Dardanelles having
been granted. M. Lavalcttte is about to leave
for Perim, and it is not thought that he will return.
The departure of M. Titoff is looked upon as an im-
portant circumstance in the present position of
affairs.