The Express.
London, England, 1846-09-17 00:00:00

RAILWAY SW
is—The quotations
trans.whoust th

RE LISTB.—LoNuos, SFYT
linos in Hawn otuancters demon
e of Lines in Italics beim' prices.
Fold. _ _

20 Andrew
21 Amt.( rg:(te
l( I'Arogoi;h. is Master
173 Do.Aern (ise.74 di.)
I Ginn. Sc ()mord Juba
73 I BrLgol k:acter
3 11n..%e10
30 I Orieiol and Glorter.,

16 64. 4'
1: 21 d
11330 a
314 24 1
hr
ler II
II
1,1

o Manchester & 8irm.175
b Uo. 4 chance ...A.'124
I Do. Do. B 112.4
1 Do. Do. C. B4
llsnch.. Br s. Es 51st. lip.
2 Munch. & ficiuthaml,l4
00 Midland
N Do. New l33i
00 Do. Birm. & Derby 1 1 1
15 Newcastle & Beranek 27/
nNewm. Nemo. and C 140041.
15 Kurth British .
11 Do. 4 shares
5 Do. Fifths '7
14 Do.Extea. (Calls ) '4l 4
lro Norfolk
10 ISoraerst & Baatorn 71 3
N.Krt *ller.Dorer'
12s North oLdrordshire...34p.
2 Northamp. Banbury id.
124 Oxf. W W avier, & el. .0
if Portanoutb larect 4 /
Preston 4.11 "yre 133 4
Do. yskares
IP-

4b=maltdrs
20
41 D. i;,,h-rn.,„.
Cambridge & oxford
24 'Chester 4 Holyhead.
2 IC/owner # Blythe
!Cornwall
4 , Direct Northern
10 Ilhehlinifltelfast Jed
1:1 Esau:enemata)
10 Do. New
1 o.r.sperC. No 1,
SI Do. De_. 2,
lOs Do. irk E.rteasion;
14 East Lancashire '
11 Bout Lincolnshire_
IS Edinburgh& Glaser
11l Do. 4 shores
124 Do. e shares
14' Ediub. & Northern
141814.# H tinyston.
AO ,G o
icKilsi.acAyr;
Us jaw 1 Doeie.,&shei
Fe West ilrel.
HO. Gt. North of England'
Do- New
•A Great Western
50 Do. li,shares
10 Do. *hem
20 Do. ift4S
50 Hall 4 Selby
12 I shares
25. Do. shores
14 hair.' eity,..lLEei
36 Do.Llo.Noreeich.,
46 La:master 4 Carlisle
I Da. New
1111 'Leeds and Bradford
220 L•icester4 Bedford
lb, Leicester. Bireausg.
42ajLeie. Tarn. Trent Val.
Junction
14 Lie., Man. inn
NI London # Illeasail
$ Do. New
is London and Brighton,
44 Do. Fifths
3imam & Croydos I
London 4
• London & N.Westernt
$ Do. shares
Ho. New shares
$ Do. Fifths
121 Do Rig/lasi
I Do. N.l eh.
11 leo. .C4O 5h.,L.4 U.
414 London & S. Wo.tein
40 Do. New C0n5.844.
114 Do. New
14 Do. New
24 London & York ,
2a Lop.. Sales., 4. leorir
Ut Landry. &Colerwiew
111 Lynn and Ely
1$ Lynn and Derehaas
U Manchester & Leads re Ite. d.
SI Do. 4 shares
Do. I shares e.d,
Do. Fifths 9l es d.
111 Do. Nirteenthe 11121 e.d. I
42. Do. Extension lap. I

f 70.14",
101'
te
8 913. HI(
e 1 70 IC
1779DS I 1
,l2i
ill

teffiehl .Vaterlt.
Do. Lincoln—ln.
Do.Gt.Gritimly
Do. Do. E.rteris..

123 7p. II
Is id.
130
230 2o :41

II Sool4AG...rand 10 7p.
21 Do. New 6 7p.
0 Scottish Midland —l3 Id. e
24 arreratitiry 4
Ib 111m,pshire Litton
IS South Devon . 3W.
Nouth Midlard
F.:ustri, 4 Dorn. 40 lex d
1 Do.N.(iss32l) i 3 4ex d.
D0.N.(3111ti03d.) 2.15 cx d.
Do. N. ~rfu. 30/4 3 24 34p.
Do. N. (do. 131.) 3
5 South N'sles
12, West 'tiding Union 21 1 Ip.
to Wilts,Soin..l- Wesissl3 4d.
j, York and, Corliele
15 York and Newcastle' 401 I I
I Do. New llll
IS Torts 1,:0rt4 X iil 195 o
is Do. shores .45
1$ Do. Ismough !17
Do. Selby
* /Jo. Extension 304
D0.11./kW.ltiilg.E• 121

'52 5r5 n. 42.
25:10ex n 3.3
1011 e: n,20
12ein 12
105 7 'l5
2;

6IP.

18 16p.
3 Gp.
1701

par.
. 2
r7l 8 I I
Olexo
.1910exa.
~8.;9 zn.
ili I
099
.1131 3 9
.114 j
.Iza

.4,0411t424 ItAILW474.'
14 iloktlfne 4. Amiens I id.
2 Bard fout.ttetteVoixt it
4 9eadre Valley...- 4d.
• Dutch Rhenliih 3 4 2
22 East Indian 2
gg Great bet.Pettitutail
.1 Great West. Benyal
. Nor. France. Dm. 131 14
Gt. Western Canada
Louvain a la Sambre 2
Lyons ond.itiirsos
Luxembourg lf
Namur & Liege 1 2 If
Orleau atk rierzon 4i Sp.
(Means 4. Bordeaux 22 Ip.
Or.r lase! ......
Paris &Lyons. Coast 6 6 er i.
arts and Orleans i4e2
[`am& Rouen 372
Paris4Stra.t.Cous ld. par.
Rouen and II irre
bre and 3leuse 3
Strasbourg and Bak 7 P 4
Tours& Is.. Wes, Lkst 1 . 4p.
West Flanders
.3i

13 13p. , 1
i 261 I
;6 ,p.
in 2 I 1
itl.

Livasecona Seer. 16.-844 n: elmoter, Birkenbeatl, 50—Do
(j ah.) 25—Do. (201.) par—E. Cotmtieo (York extra.), $2.. GL p.—
Gr. Southern and We .tern, 51 p—Gr. Western (new oh.), 6 p.—Lon-
don, N. Western, 200-Ito. (new oh.), IS, p —London, Man-
chester, Birmingham, 77 -- Midland, 1374 North British ((Lr.
hole) 3d., 2) p shetHeld, Numbest. er (( eh. No. 3)
Is. d— S. Eastern, (1-IM. :new ih.) 130., p Ind dilk
Enniskillen, GI d—llltdderofield 4'. and It., (extn.) p--Leeds,
Think, !O.—Anthem:de. d.—Birkenhead, Lancashire, LiteshireJn.,
II p.—Birmingham 2), 2 p.—Birmingham, Oxford, Jo., Ix
—Boston, Stamford: Birmingham, 4 d.—C.ualbrklim, Oxford, la.
—E. Lincolnshire, 120. Dumtrito, ti.—Liverimol,
Ormokirk, Preoton,'4 p.—Shropshire (it. R. and C., 1 d.—S..Stal-
fordshire In., j p.—W. Riding 17n., 21 (p.—Dutch Rhenish, I d.—
hula, I.xono, 1 p.—Leiorotte, Bedford, Ino. Col.—Mold Jn., 31s.cL—
Welsh MidLusd, 11 d.
Palms Sser. 15.—Cmh Sales: Orleans, 1,285; Northern, 733 75;
Boulogne, 483; Vlerzon, 637 50; Bordeaux, 576 25 • Strasburg,
307 :Ai; Tonrs and Nantes, 515; Lyon, 533 73; Base, 230; We-
sailles (L. 8.), 207 50; St. Gertn:dn, 1080.
MEETINGS THIS DAY.

Wel-1 Midland; Landon Tavern; 12 tioon.—Bandon and Bantry;
London Tavern; 1 p.m.

PItOV INCL.\ L.—E Ass' or Fir n.—The first general meet-
ing was held at Edinburgh, on Monday, C. C. 1 lalkett, Esq., in t lie eh ai r.
The director.' report stuns' that the original intention Wan to have
two junctions with the Edinburgh and Northern Railway, °neat
Thornton and another at Markinch. The length of the whole line, as
laid down by the parliamentary plans, was about 23i miles; the di-
rectors, however, alter some !wind iatiordwith the Edinburgh and Nor-
thern, and after a full investigation into the trattle of the district, and
the best means of affording adequate accommodation to it, found that
all the objects they had in view .sold be effected by means of a junc-
tion at Markinch; and they accordingly relinquished the connexion at
Thornton. This step was adopted with the entire approbation of the
Edinburgh anti Northern Company. The line for which the Act of
Parliament had now been olitainel, was thus todueed to IS miles, and
to proceed from Markinch to Anstruther Ranter, with a linnichof a
quarter of a mile to the Kirkland work.. From the agricultural
resouriesof the rountry through which the railway was In he carried,
and the extent of the population the trriftly [could not fail to be remu-
nerative. The repot mitigated, that as the pureliaw and maintenance
Man independent plant fur a short line of railway was very CapellniVC,
the clinetors had entered into arrangements with the Edinburgh mid
Northern, by which that company were to supply the whole plant
and to efficiently work the East of Fife Railway whenever it was
opened throughout or partially. The report then remarked that,
under the circumstances, the directors would not have hesitated in
recommending the immediate progress and execution of the works;
but, after taking into serious consideration the present monetary state
of the country, in connexion with the fart that, until the works
of the Ealinlinrgh and Northern Railway were finished, the
traffic on the East of Fife line could not be accommodatesl, they were
unanimously of opinion that any resolution to proceed with the works
should be delayed till the general meting which fell to be held in
February or March, by whirl, time the earth-works of the Edinburgh
and Northern would be nearly completed, and the unusual demand
for railway labourers in the country would be greatly lemened.
Even next year, however, the direttors do not contemplate the forma-
tion of the whole line, or that it would be espeilient to extend It, in
the first instance, further than to Largo or Elie. The distance
from Markinch to isarlr. was SI mikes, and the cost of making
that line was estimated at 84,536/. If extended to Elie, a dis-
tance of 13 miles, the Cost would be 120,a3ff/. The directors were
of opinion that the line should not proceed, at the first, further than
Largo. The report ermeluded by stating that the sum realised front
deposits, interest, hr., was 19,t121. : of which there remained in
hand, after deducting alllexpennes, 13,ii151. T e Chainnan moved
that the report be adopted; and, after adverting to the friendly under-
standing that existed between their company and the Edinburgh
and Northern, said he was thoroughly convinced that, by an
expenditure of 100,000/., they might safely calculate on a re-
turn of a or 10 per cent. The traffic 'hr the coaches and
steamers was at present very great but it was nothing like what It
would he when this railway would be forme!. It might no doubt be
said that they would have an opposition of the Kb amen. to txmtend
against ; but, from the difficulty which they experienced in the em-
barkation and delairkation of pa angers, in consispienee of !ow-water
piers, he did not think that it wan at all possible that the steamers
could compete successfully with the railway. The report was
adopted, and the usual routine business of a first general meeting
transacted.

MONEY MARKET.

WEDNENDAT EVENING.

The funds continue in the same state of quietude, and re-
markable absence of active business. The want of specula-
tion might be deemed a healthy symptom, but for the rather
heavy tendency of funded values. The dulness of the
market may be explained in a considerable degree by the
more than usually small attendance of members on the
Stock Exchange. The season of the year as in ordinary
times would account to some extent for this paucity of
numbers at the place of business. Add to this the very
extraordinary and enduring attractions of the present season,
the more than commonly fine appearance of the moors, and
lastly, perhaps not least, the delights of the St. Leger,
and the desertion front the Stock Exchange will
be understood. A greater presence of members might
have led to more speculation, whilst probably, how-
ever, acting more to depress prices. Consols left off, as
before, 951 to 1 for money, and 46 to 4 for account. Ex-
chequer Bills, Be. to 12s. premium India Stock, 259 to 61.
India Bonds, 17s. to 21s. premium.
In foreign securities there was the same calm. The only
variation in prices of the more speculative securities was in
Portuguese, which are quoted at an improvement to 42 to
44. Spanish Fives remain 271 to 1 ; the Threes, 381 to 1 ;
the Deferred, 17 to 1 ; Pongees, 6 to Mexican, 25 to 4.
Brazilian new, 871 to 81. Buenos Ayres, 43 to 4. Dutch
Two-and-a-Half per Cents, 591 to 60 ; the Fours, 944 to 5.
NATIONAL SECURITY BANK.—The prospectus of a Lew
joint-stock bank under this title has made its appearance in
the City under the auspices of a respectable board of direc
Son, where it is exciting some attention in banking and other
quarters from the peculiar and exclusive principles upon
which it is proposed to conduct banking business. The true
principle of banking is doubtless that which combines the
I greatest possible security, whilst affording all proper accom-
modation to the public, with a reasonable return of profit
upon the capital which may be embarked in the under-
taking. In the Security Bank these conditions are
to be satisfied by the exclusion of discounts from
the sphere of its operations, as involving the one
most special risk, although, if sagaciously and fortu-
nately conducted, one of the most productive branches, of
banking business. Following up the same rule, no accounts
kept at this bank are to be allowed, " under any circum-
stances," to be overdrawn. All other the usual routine of
current accounts, loans on public securities, letters of credit,
collection of dividends, purchase of securities, &c., it to be
transacted by the bank. The crowning feature of the con-
stitution of the Security Bank will be found, finally, in the
provision, to be rigidly adhered to by the governing body,
by which all the funds of the bank, whether arising from
capital, deposits, floating balances, or other sources, are,
minus the amount required for current purposes, to be in-
vested in Exchequer Bills, India Bonds, and, if it should be
deemed advisable, in the Public Funds, and in no other
security whatever; whilst, at the same time, no advances,
or loans, are to be made upon any other than such securities.
Assuming always that the statutes, such as described, be
rigidly carried out and adhered to, it would certainly be
difficult to construct a banking system upon a more complete
safety principle. It reposes in fact upon national credit, as
represented by national and always convertible securities ;
in operation, so far as the depositors, and those who may
deal with the bank, are concerned, failure would seem im-
possible excepting in the event of a national bankruptcy.
The special depositors are to be guaranteed, moreover, in
a double sense. They will be entitled on demand to receive
the de.rter-halres of Exchequer Bills or India Bonds against
their lodgments, and to draw those lodgments out without
notice if under 10,000!.; if of that amount, and over, with
one day's notice. Smaller amounts are to be taken in, and
allowed the same rate of interest, viz. 14 per cent., always
withdrawable without notice. The lesser deposits would
rest therefore under the usual guarantee of the joint-stock
capital paid up and subscribed, with the collateral assurance,
to which the faith of the Security Bank management would
stand pledged, that the aggregate fund should be invested
absolutely and alone in the public securities described.