The Express.
London, England, 1855-01-02 00:00:00

imbursemisit of the eorrespesding put ofsaablneuthboareyipptireonfoir:(asoustheaunlybeinhowthetaftetoornedeezinitheineadan7H
legit as a prepayment, in which ease they would be again; on the sums so prepaid by anticipation, they
from the
of actual payment in cub, discount at four per cent,7
Art. 6. The subscriptions will have to be paid in la hi :—Onateuth on subscribing and the rennieder ie7i;
s;tcal instalments, payable on the 7th of every rasa% aL•
)(sub 7, 1866, to August 7, 1866, both days inclerses
Zoe
armory will be bound to receive the prepayments ena
tendered with discount at 4 per eine for all 'liberries*.
not greater than 1,000 francs of note; the same din%
hays demount may be hereafter panted to sabseripean
above the ems last named. Fur the subscriptions of IA
franceof rents and under the prepayments may be sleds an,
time of subscribing, with right of diesount from the day of
actual payment`, but this diacount net be settled Intl
the delivery of the l
oan certificates. The pre-papaw's, fce
the same subscriptions, will be then embed, dating has
this last period. They Gannet be made, save for the entire
amount of one or morelinstalments.
Art. 7.—There will be delivered to the esbnriber. Dft
vhdenal receipt, which immediately after the closing Oen
subscription and the allotment of each person's share yal
be changed for a loan certificate. This certificate will In
made oat for the holder or bearer, as desired.
Art. 8. The loan-certificates will be changed foe km:rip.
Wes of rent* as soon as the last instalment shall hare hen
paid up. The holders of certificates exceeding the MR of
I,ooof. of rente will he able to demand partial inscription
determined by the instalment of each term, and for the sin
corresponding to each of such payments, the first tenth re.
mining always in reserve as • guarantee to the timer,
until the payment of the entire amount.
Art. 9. In ease of arrears with any instalment, the debtor
will become responsible for interest to the treasury at 5 pee
cent., to date from the eighth day after the instalment (sea
due, without any previous notice of the liability being aces.
. In default of payment when a term expires, a month's
grace being given, to date from the day when payment eum
due, the entire amount of the certificate may be caned for,
and the Minister of Finance may cause it to be sold to the
h' hest bidder, for the benefit of tae public treasury.
one at Paris the 31st of December, 1834.
J. BAROCRI.

Report of the President of the Senate, in the
name of the Committee charged with examining the
law authorising the Finance Minister to contract a
loan of 500 millions.
1

Gentlemen,—When, last year, the invasion of the Otto.
man territory occasioned the rupture of that peace which
was so dear to the interests of civilised ahtions, France had
not a moment's unemansu about the superiority of hse
arms; but she did not expect that one single campaign
could conduct her to the end of a difficult and remote am.
Victory, in fact, has shown herself true to the Itig cg
Zurich and Moscow. Yet Russia, notwithstanding the
reverses of her diplomatists and armies, seems as if she
wished to turn a deaf ear to the remonstrances of Europe,
and to the warnings held out by Bomanund, the Alms,
and Inkermann.

Gentlemen, you have heard the very firm words of the
Emperor; they have caused to vibrate the heart of the
country, which thinks it hu done nothing so long as any-
' thing remains for it to do.
Great events therefore are preparing for 1845. The
greatest of all would be, doubtless, that a pacific Wench,
might spring out of this European movement, in which the
idea of peace is dominant amid the din of combats. Bid,
if there be a sure way rf obtaining it, it is by oar strength
being put forth on a par with our right, and by every oaa
knowing in the second as well as in the first hour that
France can expect everything from her soldiers, her wealth,
and her credit.

In a few months our armies have already gained by eon.
quest imperishable palm,. They have survived the epi-
demic and the tempest, surmounted the fatigues and hard.
ships, and braved the inequality of numbers. Their con.
stancy has been sublime, end by their irresistible valour,
they have struck with astonishment and almost admiration
our very enemy himself.
France is proud of such children; she Zepends on her
brave eons, who from their very first battle have shown
themselves the rivals of the grand army, those veterans of
a hundred fights.
She depends also on her 'Dineen.
At the beginning of last session, we congratulated our.
selves on our union with England. This was only brought
about by the wisdom of the two governments, and the good
sense of the two peoples A strong brotherly concord hu
been now formed in the East by the outpouring in common
of most precious blood. and by sharing the same trials sad
the same glories. This is why—it the moment when
the Emperor so nobly expressed at the Imperial
sitting the national gratitude for the sentiments
of the English parliament, for the co-operation of the in-
trepid armies of Great Britain, and for the skill of their
illustrious chiefs—unanimous acclamations burst forth with
enthusiasm, and yours were not the least fervid. Those
acclamations which we confirm here, in the maturity of our
reflections, will resound ob the otter side of the Channel,
they will be re-echoed also by the future, in order to mark
the fundamental regeneration of modern policy, and one of
the meet striking characteristic* of the Emperor's reign.
Another alliance, equally memorable on account of its
date and spirit, has just been contracted with Austria, sod
by it the old league of the north is broken up. This am.
ante, foreseen since the opening of last eeuion,
and in a manner predicted by an august and profonud
thought, astonishes Russia and her partisans. The still
surviving antipathies of 1815 do not comprehend how a great
power, long friendly, can cause its foreign policy to be
based on the free appreciation of its legitimate interests,
and no longer on a dread of the French Revolution. But
it has not escaped the sagacity of the Emperor of Austria
that many things have been changed in the world by the
accession of Napoleon the Third ; that the imperial throne
has risen again, not on the ruins of social principles, but
for the triumph of those ideas that render states stable end
prosperous; and that the moment had come for repudiating
traditions henceforth captious and superannuated, and for
confiding in a power that loyally maintains the equilibrium
of Europe and the peace of nations. Everything is linked
in policy ; the return to order through the 2nd of December
was destined irrevocably to bring after it in its train the
return to truth in our international relations.
Such, gentlemen, is the state of the foreign affairs of the
country. In order to preserve its advantages, in order to
meet the necessities of the war and shorten its duration by
the energy of the means, the Legislative Corps has voted a
law authorising the government to contract a loan of OM
millions, and the Emperor has indicated the mode to wh!ch
he gave the preference. Now, gentlemen, the constitution
only requires of you one thing, to wit : if there is in this law
anything that entrenches on the great principles of which
you are the guardians, enclosed in this narrow circle from
which you might wish to issue In order to give Imre:-
premien to your sentimeat', you will remember the limit of
your attributes, and you will confine yourselves to answering
with uosnitnity that nothing better could be done, whether
for the honour of France, that is destined to come forth via-
Unions from this contest of justice against ambition, or for
the consolidation of the imperial throne, the basis of the
constitution, or for the Emperor himself, to whom we are
indebted for the power of waging a political and not e
revolutionary war, for the alliance of the two greatest civo
Used nations in Europe, and for bringing to the Europese
concert the authority of a government powerful from as
principle, its force, and its sincerity.
This loan will have besides another result for the stability
of the imperial instigations. After the three elections, that
have glorified the name of the Emperor, after the national
subscription, which not long since so patriotically responded
to its appeal, there will be in this new proof a fifth and ir:o
lama sanction ; and no assent will have been wanting to the
political establishment that you have assisted in founding,
nor the reit d suffrages of the people, nor the continued
support of those interests most at stake in the developmeat
of the public wealth.
In consequence, your committee propose to you to de-
clan that tie Senate does not oppose the promulgation of
the law.

SPAIN.

M. Collado, the Finance Minister, has resigned, in
consequence, as a private telegraphic despatch says,
"of the octroi question having been decided contrary
to his opinion." This despatch, io the present state
of our information, requires elucidation. It is al-
ready known that on the 27th Ministers obtained a
majority of 12 against M. Sanchez Silva's motion. If
M. Collado had resigned is consequence of the small-
ness of that majority, the latest despatch should have
been worded differently. It is possible that another
motion made on the 28th by the opposition may
have been successful. M. Sevillano, one of the most
eminent bankers of Madrid, has been appointed to
succeed M. Coiled°.

THE WORKING-CLASSES AND THE WAIL—The
following resolution was passed at a meeting of the working
classes sad seamen of South Shields, held on Thursday last:
nit this meeting, believing the present war with Russia
to be a just and necessary war, urge upon her Majesty's
ministers to conduct it with vigour and determination, and
without compromise, believing such a line of policy to be
the most effective to produce a solid and satisfactory peace ;
and we resolve to the best of our ability to assist in the sap-
port of the widows and orphans of the brave fellows who
have fallen and may fall in the battle, or who may die in
the execution of their duty, by subscribing to the Royal
Patriotic Fund. But at the same time this meeting cannot
bat empress its surprise that, whilst full and adequate go.
vieamental provision exists far the widows and orphans of
casters who may fall in their sountry's service, that ne
stailar fund is provided for the widows and orphans of sot.
dimes and sailors, and trusts that speeds steps will be taken
to remedy so palpable an injustice ; and that this medulla
of opinion that the only safe and effectual guarantee for
the pew of Europe and the establishmvat of Civil and re-
liffinnn liberty on the continent, are thO restoration of Polish
Independence and the extension to the oppreseed and
clown-trodden peoples of the cop.:mint of these great rights
of humanity, liberty of Went, and liberty of ocascienne;
and does protest against crer government binding the
11th people to maintain either Austrian or any Wag milt-
; tar, denPotisin tlitir present oppressive WWI