The Express.
London, England, 1848-07-25 00:00:00

THE EXPRESS, TUESDAY EVENING, JULY 25, 1848.

FRANCE.

PARIS, Molnar, 11 a.m. ;
The environs of Paris within and witho..t the circle ,
of the fortifications, present a curious spectacle. Ex-
tensive lines of encampment swarming with sol-
diers gird this great capital. On Saturday I
made a tour of the northern suburbs. The spaces
within the bastions of the fortifications, from the ,
llatignolles to the point where the cannls of St.
Martin and POurcq intersect the fortifications, present
an unbroken line of tents. Thousands of soldiers
are seen occupying themselves in various ways,
drinking in cabarets improvised for the occa-
sion, cooking their food in temporary kitchens,
cleaning their arms and vestments, or amusing
themselves with a vari. ty of sports. Sentinels are
posted from point to point at distances of less than
a quarter of a mile from the line of encampment,
standing generally on elevations, so as to command a
view of the sut rounding ground. Outside this line
of encampment the detached forts are filled with
military, and so placed as to sweep the spaces
between them.
Yesterday I made an excursion to St. Maur, in the
Bois de Vincennes. There a still more remarkable
spectacle presented itself. A vast pain of several miles
in circumference is literally white with tents and
covered with military as far as the eye can reach. Being
Sunday, the holiday folk abounded in 'he wood, and
innumerable pie-nice were seen around the encamp-
meat. The bands of the regiments stationed at a
variety of points were performing. and added much
to the effect of the scene.
The committee of finance held a meeting yesterday,
and resolved to assent unconditionally to the project
of loan proposed by the minister which 1 annonneed
in my despatch of Saturday evening. This project is in
substance to create as much Five per Cent. stock
as will represent an annual revenue of 13,1310500 f.,
leaving it, however, to the minister to fix the price
at which such stock will be granted. The
project is understood, however, to involve the condi-
tion which I have already announced, that of vali-
dating the coupons for the instalments paid on the
former loan. It will ne brought before the assembly
to-day, and will probably give rise to an interesting
debate.
The situation of Northern Italy continues to be the
subject of serious conversation in the bureaux and
committees of the assembly, and the impression be
comes daily more strong that events will inevitably lead
' to French intervention. Some of the journals have even
' already me, tioned, that an order has been given to
Gen. Oudinot to cross the Alps. If this be not so
now, suet a measure will become unavoidable upon
• the first reverse of the Piedmontese army.
• It is stated that M. Emanuel Arago has exhibited
his disposition to propagandism at Berlin in a man-
-1 ner not altogether pinging to that court, which has
consequently offered to accredit a Minister Plenipo-
-1 tentiary to Paris on the condition that M. Arago shall
be recalled.
A general amnesty in favour of the prisoners incul-
pated relative to the late insurrection has been spoken
of for several days, and a paragraph appears in the
journals of this morning, which says that the clergy
of Paris intend in the course of this week to proceed
1 in a body to Gen. Cavaignac to present a petition to
• that effect.

SPAIN.—We have received the Madrid mails of
the 19th. Reports continue to be received of the de-
feat of small bands of Carlis's in the provinces, and of
the summary execution of theiroffieers.
Maoroin June 19.- Three per Cents., 20 19; ; after Bolea, 192
coin. kire per Ceuta., 103 paper; otter 1101., 'of cash- Parsivee,
4 paper; alter tint-a, 3; cacti. Bank of St. Ferdinand, 70 paper,
count of note% 41 c per cent. Exchange on London, ninety
days, 43.75.