The Express.
London, England, 1856-11-06 00:00:00

THE DAILY NEWS: LONFON MORNING
PA PIC pries whord 4d.. strayed W.
Loran Liberal Jornrs the adored tree esweree sod
id all wad ano.
la Use ester ri I Woe of its neeral nesrs—ft the ammo of Its
Mer worts, arl is tits yawl wirionne and cemenreir Information
sorlind in Usn en:. lades/. sal weensry Wiales—this paper Is
MrALEUSNION NNW. Itl RELIABLII AND IMPARTIAL
As rantrrer rani report of Miran. in the bulb= item Is supplied
Is It by may Owned Nall, and It marine
TIIE ONLY DAILY MINING REPORT.
of prier
IT kiXeLt: DEB ALL OMINNITII ADVIIRTIORMENTd.
MP strictly trierrokalL and, rough perm by more than sixty
yew tra any of In, =Liao this pro ban, by roadmency
sad earl)' Information. Orr • met ant Orb= Lat
I&.ror to any.
To be onil of any Wirer ow ha tbe Mee= ;or at
the rho Rouserte-WOrribellent.lAtlß
N.B. If drikulty oprieredll Orrin the by emir
pest at a Wood Wen the whikbar MIL an Warta tbe
Wood MOW WRY MOO I. ffillpgb 111 at 1 Id. per owlet. 5514
Mow lie Pomades order.

DAILY NKWb FOItWARDED to the 001.7111-
ray by EV EN IN ti POST. at 19a 41 per qr.. Perwalat OS'
liameamilVOlEN 11 A DUO X. 1,). Upper Aleawrwilwr‘ sola","".•
sad News Agent

rtH R PUBLIC and the TRADE ars reminded
meaner me es err... Lino eta the secs Imo MCPHAIL
r.u..f-paa t
. 0111K00/llf "Mario Hook.iing Publial-
. •••••neelaut,t, PrrJ-euset.

rT RIMS LENT TO READ, nrom 8 a,m.
lOW pus et 01 roe met; supplied is teem or oresty. se
rear 3d. per Asket lee Iswiareodzitztetse; by Mr. NAL-
low AsenS Tsusphretreets W

THE NEI:RMS.—The PUBLIC sad TRADE
SOPIIIED ercw Adman. at balf-pot WO. /TIMMS.
a& Nom Awns. 11. . DAILY jaw/
rUlPtilltl sod LENT TU ILIAD WSW dr mania.

Qxpregg.

TO COIOULSPONDINTS.
aolvaalmatata Mandell toe "TM ragtime Wake Melt paper,
min Ira at tba 10, Banyedeateest. by Tea o'Cloala as tin
day et yabbankm.

HAYMARKET.
Tam Evonse, THE INCOYKTAN T. Il• Mordoth.K 1111erik
owl Cllpmegaia; Ni.. Talbot, Mn I PHAREIIam—EL GAMED-
IHMD. The Apsa dretery. - ISAGEBAW, It BEAD.
MAW. Mr. Ihmkolamy .—AEA HT LITTLE ADOPTED.

Tao Fe 5..... A MID6U Xll6l cllOlllll DIZAX. —AM
►IL ■IO. Mr. am Mr.. C. Kari.

LYCEUM.
Tam ammo., BrIPMEOOII. Mr. C. Mos; Mr& C. DUMB.
—TM KING's MI:,XSTLISILS. Mr. C. Mu sad M 1 Wooirar.
—AN a BALLET from the torlospro of Ur Wham% Ws.

~PI7IIIIET.

Two Twangs, DRSD. Moira derail% limphero, WWIWok
brisk!. four!, awl Taprdeg; Mai Jovial, 1.111 MS
QUILT YAIIILT. Mr. vividleniall.—Asi TEE STAMM UM
Potter. TolWn, Monty, sal Tamil ; Mlr A. Maim

PT4NDARD.
Two Emma. DRED. Mn. R. Hamer.— Tr Elliott Prao .
TOL BEAUTY LOW TIM sun. Yr. It. Allis; MINH.

RION warn AT LONDON BRIDGE.
T LMT lbabir....--Ahniess. ft. Is.
To-sasakew—lkeda Rh Na.........A1iera055, N. tea.

LONDON. THURSDAY, NOVEMBER 6.

Tau Russian railway eoaesselose Wag now an
mosoced as so accomplished fact, it becomes oar duty
is reiterate the cautions we have already given to
the public, and urge them to abstain from furnishing
tho capital for these ut.clertakinp. It ay be fairly
aasumed that the emeessionaires look mainly

to the kaglish money market for the means
of carrying out their contracts; for the float-
ing capital of almost every ether country of
Europe is already largely pledged for similar works.
Irrespective of the sums required for the completion
of the Preach syrem of railways, the Credit Mobilise
of France and the capitalists connected with it have
nedertaken, besides other enterpriess, the inaperia
Austrian lime, sad have very recently ett-
gs;ed to furnish 6,000,000 k for the Francis
Joseph Railway. The Hungarian sod northern lines
have also to be constructed, u well as the Lombardo-
Venetian, and the Central Italian, the latter requirieg
• capital of 10,000,0001.; so that we are probably
within bounds when we assume that the Austrian
railways alone will absorb 20,000,0001., to be raised
within a few years. Other large works are under-
taken by the credit companies of Spain; Tarkey
asks for loans, banks, railways, docks, Se.; and
the Credit Mobiiier institutions, which have
sprung up like mushrooms all over Europe,
are waiting only a favourable chomp in
the money market to launch their various
local. schemes. A body of German capitalists
has the commode:l of a similar company for the Da-
nubian Principalities, and waits only the settlement
of the question as to the political future of Moldavia
and Wallachia to oommeece operations.
The English money market is, therefore, the only
one which criers feciluies for obtaining the funds ne-
cessary for so gifontio an enterprise, and every effort
will probably be made to present the scheme to the
public in the meat specious and attractive form.
Caution becomes, therefore, doubly necessary; for,
assuming the statement' pat forth to be tolerably
correct, we hare little hesitation in saying that the
Marian network of railways offers fewer chances of re-
mmoration to an investor than any one of the many
similar projects now before the public. It is stated
that the concession includes about 2,619 miles of
railway, and that the Russian Government guarantees
41; per con, . dividend, and i per cent. sinking fund,
in the r capital, up to 42,187,0001. This
would make the met of construction about 16,7601.
per mile, a sum uoyuestioaably isadequate for the
purpose. It is true that at first sight the sum to be
reimbursed to the State (3,200,0001.) for about 200
mites of the S.. Petersham and Warsaw line, said to
be finished for that distance, would seem to bear Me
the calcu!rition to some extent ; but we believe NMI
this sum relates only to the engineering worfee,
not to the stocking of the line, or to the amen,
and costly appliascee necessary before it is amilklis
for traffic. It most be borne in mind that theme Is
no Government g tee on any capital that may
be required beyond the 42,000,0001., and that on all
some expended in excess of that mount, the share-
holders moot trust to the profits of the law and
these pre fits are very unlikely to approach even four
par cent. Strategically comidered, the Knee said
to be included in this concession are doubtless very
valuable; but as commercial speculative, they offer
few chances of suoseni—more especially if the
statutes contain the clauses originally istrodneed,
respecting the right of the Goverment to
use the lines for the transport of troops,
eemmieariat stores, and insaitices of war, at
very low rates. The essoessiesi comprises, as is
reported, the Pots/sharp and Warsaw line; the
line from Moscow to the Black Elsa by Tale, Orel,
Rank, and Kharkof through the Crimea to
Raffia; a line Press Moscow to Nijmi Novgorod;
and one front Kursk to the Baltic, joining the
Riga and lltinaborg railway at the latter tows.
On these lines there are net only important
works to execute, bat the seatssish fee the per-
manent way, and the rolling Meek have A be
transported considerable diseases', greatly eahnosing
the coot. Though labour—such as it is—is by me
means scarce, nor very highly paid, that dose set
apply to skilled labour, a very expensive teem
in public works of every demeiptbe thee/tea.
oat Rosin; while the mesas of transpell
are everywhere of the rudest deserlotien. 720
English public has been very reeently bimti
by the visitors wtoss the corwastioa invaded OD
Moseow, that the railway between that city and IR.
Pete/sharp barely pays its expenses. Row far that
statement may be relied on 'lts bare no mesas of
judging, but the general credence given to it, end to