The Express.
London, England, 1848-09-28 00:00:00

resl.4l),...ifiluen?l,i:cernbertycolyattiri:coirlutin:sle:iadnft",tterausaltnehtsaiutreyionliMucreaniTiP:tiarieitYdineD:potto
longer comprehends all the no. eet-itiet
of Paris with inconvertible bank n ekie
of their inconVertibility, pass for the fop
.
franc, buy them as much wine, and pay f(
house rent, as the bran new 'Ana of tk,
very possibly a source of delusiun. M
cao.icity of M. PO'. GEAR') are apt to
wits in ext.nsion of thn new tacility,
that nothing can be better tints the
regimen. Tne exchange is not depreciated, t
keepers are not discontented, t 9 e liaak ant
same place, and holes as solid as ever it
public seems to get on. of it as much in,
many loans as they call !or, and the wh„le
dues satisfaction to everybody. Then wb
tend it ? There is some 340 or 400 asilts.4
in nee at present with alc aid effect; AA,
you will have a better effect; double
op
you will have a still more superlative rest*,
aught that appears to the contrary, yoe
the geometrical ratio, until at last Ni
the millennium, or, at L as!, the by
universal republicanism, with Pule for
This reads like banter in England, but is
p..sitive gospel on the banks of t. .e
POUGEARD, the committee of agricul,are,
philosopher, M. PROUDBON, are by ix.
the only persons who dreant of
by the the alchemy of imitating the
re_teney and the climax of 1719.
which we can believe but scarcely
this sober climate. They are lamp,
cable phenomena. What on earth, is
ti.n of an Englishman or a ficeteltroaa, s
want with paper money ? No tawdry it
has paid so dearly for its dahhlis
dark areat.a as France. In 1719
of the nation were ruined, and the reenisie;
demoralised by the Cnalpagnie des lades.
then the career and the sequel of e.e Cohn
of 1776, and the whole of th, events
wound up by the catas mph. of 1798. A
times over tuere has ben a repetition
gigantic scale of the usual drama. Fin
then moderation; then a slight pier
mencement of the eno ; eauguine theories
and currency ; innocent people sucked cep
whirlpool which they did sot excite and do,
a sadden transposition between people t^
people to whom debts are due, assign,
upside down and downside up;
scramble, where nine people ow. of tea
the public faith is disgraced by insole.
diatioo. And this, we beg to say, is
teve but an historical picture.

The council of the Bank of France
decided the question proposed by the hi,
will not resume cash paymatts. And under
cumstances neither the Bank nor the
be reasonably blamed for the &eh.
CAVAIGNAC can adequately unders'and
tion of the moderate party and of his en
would not be improved by the diaborseer
present metallic resources of the Beak
The 220 millions of hard coin in the
of that institution are there to maser

emergency that may arise. They will
and without further parley either for an
into Italy or another campaign of
the other heed, the Council of the '
ably ask for the perpetuation of an
as far as it goes, confers upon them
the unlimited risks they aro apparently
run in behalf of the ministry for the tim
can is, in many respects, similar to
between the Bank of England and Mr.
1799. Two years nearly t.fter the F-
law of instant convertibility on de_
had increased to 7,563,910/. (we
Tooaa), and the directors mer
Privy Council to be permitted to pay
in cash. The Privy Council intiL
that for political re sons the reetimptit
pedient, and at this distance of bar
the fasts before us, we will not say that
of the minister was not a better decision
opinion of the Bank. There are political
this moment in France why the par
restored to its former condition; ant
we may lament the necessity which
ere. of March, we cannot concur in
the D4ots that to revoke it at press
the surest means of accomplishing its
repeal.
So far the notes of the Bank
entirely escaped depreciation. The,
at Pans upt,a London since February
times been more in favour of France
revolution. But this fortunate concert.
servative causes does not revoke the nan
quantity, and the French people may rely
the confidence with which they rely upon
of the sun or the course of the planets, that is e
merit they overstep the frontier line wlreli se
a sufficiency from a superabundance of papers*,
they will be assailed by all the inconveniences
attend a tottering fabric of credit and a tutu irs
of circulation.

WE published an article in the Evros
22nd inst., condemnatory of the impolitic nate
movement at present in agitation by a poetics
ratepayers of Liverpool, for the subject'
estate of that port to local tavation,
the time that the attempt would aim.—
porta—naming Bristol and Birkenhead
them—to purees an opposite and more
policy, by reducing their charges, an,
creasing local facilitii s, in order to
commerce to their harbours. We bare
given a report of a meeting held in Bristol
25th inst , preparatory to declaring it a '
which an announcement was m de of the
dues on shipping, which in November
amount to 10,0001. yearly, and which, ac
enstom-house return read to the meeting,
resulted in an increase to the foreign trade,
from the 30th April to the 20th of Sept,
present year, as compared with the same
to the amount of 12,051 tons. We Os,
Express, of yesterday, an accoct
•
ing of the Birkenhead blndholders, held
City of London Tavern, where it was rev's,
sum of 50,0001. should be raised for "'
of the works connected with the Bitkt
in order to secure to that locality a portion
Liverpool timber trade. It is not often that ,
Lion and fulfilment follow so closely on each ofi,
they have done in the cases to which we
referred.

The sudden rise of Birkenhead,
if by magic from the position of an
into the ample and perfect dimensions
town, is a circumstance in England wit
dent. Streets and squares exhibiting al,
elegance and usefulness might require:
ling in beauty and effect our Hyde-pus
James's : a public market unequalled m t
for a combination of extent and elegance:
of the most chaste and elegant architretarr
conveying passes's/wet* the very brink of
the Mersey, and produce to and front b.-
magnificent warehouses and the sides of the
lying in the docks; a system of seweragr
psehensive and perfect than any bef
public buildings on an immense scale fo
comfort and convenience of the working
essential, in fact, all that practical scienc
as necessary for the social wants of
large community, grew up as if by t
and covered a barren heath with
emblems of commercial industry and
life. Bat while a city had sprung
existence with unexampled rapidity, the L
creators birsexc•eeded the progress of their
rial creation. Land speculators suddenly found t
selves raised from comparative poverty to efts-
The example was infectious, the temptation
irr
tible ; competing crowds rushed from all sides
City of Promise—the fever of speculation resehei',
height—a crisis was followed by collapse —radii
misfortune only preceded gereral ruin—oaf
kenheed found a parallel for the wondrous ri:P(l.7!
its rise in the fatal celerity which characterise,.
downfall. •
• ta
e head Be
d.t
its whileprit
semi;
Li;
est
nfirttl.
hnoeofuhah
future
darkened,g7. fallen e heavilya tnescannot
.e oso Bp;e1
trtheboldand cutoprising genius that plannedo',„
fected ins oemptettecatve publicspirirhe great
whieb effectually secure it from extinction; lire°

Unit
t•leDaus
ppe;f4
-Wes of ti;44..
gray orthe •
4eb wi • •
''Att •
the fun rah,
dPI7 for in
of tly,
en. mtir:ss
4f to h
theility 7,2te
than th,
)rvelited, the
6441 "lands n•
trier it aid, the
ueh
e
Chen wily—Zt
milltoon
d able inks staCin:
ive result;
im •
• jOO may
a kit 7,4
it, the tt.
ris for iy
, but is nip*
.e
•
pricul,orn ,
re by no—•
1 of ria,„
e
h. These ,re
rcely anent*, •
altogether •
Lrth, is the
6,1
ntntry is then
dabblings in
1719 th,
c remaining
!s Indet. Taw
,be Cole
events whim
798. At lax
petition awl
, Fint, mar, •
pinch, and the
oe theories op
sucked up kte
die and do not*
People in dit
signats, prices .
P ; end, ha.o;
of ten an lora
neolveney is 4
1, is not as • ;
France haw
r the Deb*.
And under the
the gorersant
decision
emend thst tie
of his owe -
diebureement of
he Bank of I?
coin in the
re to Witt
hey will pay it
-r for en ri --
1 of banieso.i4.
he Bank rosy
an immunity
hem some wan
iparently expel
the time bees,
or to the
ml Mr. PM is
the suspend* el
n demand, the
It. (we gab
memodalisal
) pay their •
estimated their
resumption test'
of time, id
say that the
ter detain le
re piitieel ssrm
e paper able
; and, however
which lei to 6
cur la tie *in
at pseud Pa
stung its
ank of Frei
'he exchange,
February be
'ranee than ides
COCCIII7IIOI of
o the naturellw
!may rely %Nei
r rely upon IM
planets, that the

he Evros
mpolitic Detour('
by a portion efts
objecting the
n, and predie:ed
limulate other •
rkenhead ew
mid more 11
:barges, and
order to On :
We hare *an •
1 in Bristol on
ng it a free pint
e of the redaeux
,vember nut no:
rhich, according a i
Beefing, bid drat!
ign trade of the pa
o
osanilflisdutie'rntPPPeatebcfb:lei°d'healleilinrili:l:'
c
was relived thn
for the comple, •
Birkenhead I • •
y a portion d
t oftnn that
15 on each other
to which we 4
d, which epru •
an obscure 0^
Isions of a
ud without a •
iting ali that at. , •
claire : puke „
aid
e
ficaanireLo,lBcnrdrihsaswi
tadet
efne dne Hyde-park
elegance:
r eo
ertic
before
cn
Ifr e th
bui
more
lettlatel ritkogio;,:timt
e
eta of dwellers a
if by mho
ath with all
entry and poL-be
sprang thaw
dity, the hopes n:
green of their
suddenly bun!