The Express.
London, England, 1855-09-08 00:00:00

EXPRESS FROM PARIS.

-a-
-(110X OUR OWN CORI

PARIS, FIIIDALT EVIIIIIKO.

A private telegraphic despatch received tc day by
a Paris banker announces that a French and English
fleet having troops on board is already before Naples.
I also learn from another and • good source that
every preparation has been made for immediate action
in case King Ferdinand shall decline, within the short
period allowed him to make up his mind, to comply
with the °auditions laid down in the ultimatum which!
stated yesterday had been presented to him. What
these conditions are I am not in a position to say, but
I have reason to think that they go much farther than
a mere demand for satisfaction foe not having
returned the salute of the French ships.
The Howiteur contains an Imperial decree, reducing
the duties on cast-iron, wires, machinery, &c., so as
to make them harmonies with the decree of Nov. 22,
1853. The duty on steel is reduced from 80fr. and
88fr. 600. to 60fr. per 100 kilos. ; and 70fr. in the
case of steel wire for musical instruments. The duty
on machinery ranges between 15fr. and 65% when
complete, and between 16fr. and 2001 r. for separate
pieces, the duty gradually increasing in the inverse
proportion of the weight. The duty on tools of dif-
ferent kinds ranges between 75fr. and 200 k., and the
old duty is maintained on sickles and flaxoombe.
The reduction, the proportion of which, however,
varies eonsiderably, is in most cases very great, and
in many 80 and 100 per cent. The Prow observes
that this decree is another step in the road which
must necessarily lead to free trade.
At the Bourse the Rents was almost entirely ne-
gleoted. The fluctuation in the course of the day was
but 10e., and it closed at yesterday's price. A good
deal of business was done in Austrian railways,
which, after several oscillations, closed very firm at a
rise of 17k. 50c. French railways were generally
dull, and fell from 2fr. 500. to sk. Bank of France
fell 20k. The great feature of the day was the ex-
traordinary rise of 95k. in the Credit Mobilier, occa-
sioned by an important financial announcement made
by the society this morning. It has for some time been
rumoured that this great establishment was about to in-
crease its capital. The special form retire contradiction
of the rumour published by the Comaritutionnel the
other day, "that the society was not about to issue
new shares," was a pregnant confirmation of the
belief that the capital woad be increased la some
other form. To have issued new shares would have
necessitated au application to the Council of State.
The course taken is to create obligations payable 90
years hence. According to the published nodes the
society will issue 240,000 new obligations of 6001 r.
each, bearing au annual interest of 15fr., payable
half-yearly, and repayable at par in 90' years from
Sept. 1, 1857. Conformably to article 7 of the sta-
tutes these obligations will be constantly represented
to their full amount by public securities, shares, and
obligations existing in porrefeuilk. The obligations
will be issued at the peke of 280 fr., and will be re-
sieved by preference for shareholder, wise will he

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entitled in the proportion of two obligations for one'
altaMi. The payments for the obligations will be made
as follows :—foofr. at the time of subscription, 100 fr.

on March 1, 1858, and 80fr. on Sept. 1, 1868. Con•
pone of shares in the Credit Mobilise, payable on the
lit of Jan. and let of July next will he accepted as
money in payment of the first instalmeut,oe the footing
of 200 fr. Thus the shareholders are guaranteed a
dividend of 200 fr. for the current year, and should
the dividend ultimately declared exceed that amount,
they will receive the difference. The measure was
very favourably received at the Bourse, and the
highest price of the day was sustained to the end,
notwithstanding many sales to realise profits which
speculators were tempted to make by the enormous
rise above mentioned.

M. Isaac Pereira, who lift for Vienna last night,
u I informed you he was about to do, is accompanied
by the chef dee contentieux of the Credit Mobilier
Society. Besides the affair of the branch society to
be established at Vienna, there is, I understand, a
question of another Austrian loan.

A letter from Havre, in the Echo Agricole,
expresses a hope that this govetnment will at onoe
extend the period fixed by decree for the free entry
of foreign porn. The uncertainty felt as to whether
duty will be payable or not after Deo. 31 already
paralyses the trade.
Corn is rising considerably, and there are accounts
of consequent discontent in some of the provinces.
In two places, M. Darblay, the well-known Psis
corn merchant, has been burnt in eau, because the
ignorant people fancy his speculations are the cause
of the dearness.

The following private telegraphic despatch has
been reoeived:

IiCRIIIOIIIIIIO, THURSDAY, Barr. 6.

"The Czar, on the proposition of Marshal Pas-
kiewitch, has issued a ukase, by virtue of which,
seeing the changes that have taken place in the
state of the war, the principal commission of cam-
paign of the active Russian armies is dissolved."
Another despatch states that Count Nesselrode will
be re-placed during his absence by M. de Malzorff.
Nearly 100 Russian prisoners, a great number of
whom are Poles by origin, arrived at Marseilles on
Wednesday, and were lodged at Fort St. Nicholas.
They intend entering the Turkish foreign legion at
Constantinople.
The English mail is again retarded. The Inde-
pendasee Beige was stopped at the post-ofiloe to-day.
M. Taxa. Delord, the well-known writer in the
Charicari, has joised the redaction of the Sink.

Pierre Bellot, a Provençal poet of some celebrity,
has just died at Marseilles.

SPAIN.

The following has been received by telegraph :
" MADRID SEPT. 6.—The subscriptions to the loon
of 230 million, at present amount to 115 millions.
Heavy rain has been falling for the last few days in
nearly (very part of Spain. The Captain-General
of the Philippine Islands writes word on the 6th
July, that the most perfect tranquillity prevailed
there."

The Madrid Gaudio, of the Ist, contains a notice
fixing the 18th as the date to which the period for
subscribing for the loan of 230 millions has been
extended. The extension of time was already an-
nounced by telegraph, but not the date.
The Madrid journals of the 2nd have arrived. An
official return represents that the number of persons
attacked bT cholera at Madrid from the commence-
ment of May to the end of August, was 2,958, and
that 1,783 of them died. The cholera has broken out
with extreme violence at Painpeluna , on the 28th
ult., not fewer than 40 persons died of it. A letter
of the 3rd, received in advance of the mail, says that
the Queen continued to be in p-rfect accord with her
ministers. It states that the Captain-General of
Catalonia had reported that two Carlist bands, under
chiefs named Guibert and Hnignet, had been routed
at Own and Adn ; and it announces that extraor-
dinarily heavy rains had caused great damage to the
railway from Madrid to Albaceta.