The Express.
London, England, 1864-11-17 00:00:00

EXPRESS FROM PARIS.

(PIOE OUS OEN CORRESPONDENT.)
PARIS. WEDNESDAY EVOUNG.

The Bourse continues heat', ; this is the third
day of the fall. Rents declined 15c. both for cash
end account, closing at 64fr. 90c. and 64fr. &c.
Mobilier fell 3fr. 75c. In railways very little busi-
ness was done, and; quotations are only a trifle
lower. Commercial failures are greatly talked of ;
it is said that two houses have gone at Lyons, with
liabilities amount' ig to 16 or 18 millions. Some
bills have been protested at Havre, and the
announcement of failures there is apprehended. The
Italian loan continues weak ; it does not appear to be
certain that MM. Rothschild have actually
signed the contract for the railways, although
little doubt is felt that they will do so. Whether
the reduction in the price originally spoken of is
to be 10 or 20 millions, on account of the shock to
the money market catsed by the transfer of th 4
capital to Florence, is a moot point. The effect of
the completion of the contract will be, it is thought,
to relieve Signor Sella from the painful necessity
of persisting in his unpopular scheme of levying
taxes by anticipation.

A Paris letter in the Salut Public of Lyons,
says :

It is still said that M.Drouyn de Lhuys only wait' for the
close of the diacuasion in the Turn parliament to publish
some more despatches—viz.: 1. One to M. Maleret, more
precise and more categorical than that of the 30th of
October, pub,ished by the Mt.niteur. 2. A fresh note to M.
de F I 1, a copy of which has been dalivend to Cardinal
Antooelli. 3. A circular despatch to all the catholic
powers, in which it is laid down that the temporal power,
within its present limits, remains guaranteed by
France, and which contains overtures to Austria,
Spain, and Bavaria, to request them to examine with
France the propriety of placing the authority of the Pope
under the collective guarantee of the catholic powers.
4. Lastly, a despatch, the most important of all, in which
the French Minister of Foreign Affairs successively takes
up the principal paragraphs of the preamble of the ball pre.
noted to the Italian parliament for the removal of the ca-
pital, extenuating some and refuting others, to prevent
Italy from availing herself of the silence of France to WU`
striae the treaty according to her own wishes.
. .

There is, however, a very credible rumour that
the Emperor, wishing to leave General Latuarmora
the last word for the present, and to put a atop to
discussions of the convention in the French paper,
will so far curb M. Drouyu de Lhuys' catholic zeal
as to make him postpone the publication of his
new despatches until the appearance of the "yellow
book." Moreover, there is reason to believe that
nothing in the despatches themselves need alarm
the friends of Italy.

A few days ago it was said that the Empress of
Russia had derived great benefit from her stay at
Nice, but recent letters tell quite a contrary story.
They say that the climate does not agree with Ler,
and that she has been advised to go to Pau, since
Pisa, for which she had a predilection, is con-
sidered ineligible on political grounds.

I have real pleasure iu congratulating the French
government—and more especially the Minister of
Public Instruction—on an important reform which
I understand has been decided upon. School-
masters and governesses have, heretofore, had to
struggle against a scandalous privilege which the
church had contrived to secure for the religious
orders. While no lay person can act as a teacher
in France without obtaining • certificate of quali-
fication by passing • severe examination, monks