The Express.
London, England, 1847-02-22 00:00:00

raising the rate of interest, or otherwise, may chance to es.
imburse them for the &Bennie* on the premiums the bills
formerly bore, or which were paid for them, in the market.
The slight increase of actin circulation, in the face of such
large payments of notes out in loans mid discounts, is suffi-
ciently accounted for by the gale of government securities,
and the payments of notes into Bank on public and pri-
vate deposit account.
A curious contrommy has been commenced between the
Timer and the Eoinsomist, the latter weekly paper being
reechoed by the Morning Chronicle. The writer of the
money articles of the Chronicle and Economist asserted,
some fertnight since, that the Bank directors had come to
the determination of selling one million of public securities,
and they moreover stated that 800,0001. of such securities
had been sold, of which the account would appear in the
returns of the Bank for the same week (Feb. 6), when they
were published. The remaining 200,0001. was to be din
of subsequently. The Economist and Chronicle were both
very much in error, however, as they not unfrequently an.
The Bank returns of the sales of securities in the week in
question amounted only to a trifle more than 400,0001., as it
was previously advised under this head would be about the
nun. What becomes, therefore, of the 800,0001. which was
to appear, with the tail of 200,0001. more to follow ?
The Times accuses the Chronicle of having oh.
tamed the intelligence of the proposed sale of the
one million of securities from rome Bank director, who'
had, therefore, committed a breach of confidence, and of his
' oath. As shown, there could have been nothing of the kind.
The Chronicle made a random guess, and an assertion as
rash, both of which have been belied by the event. The
writer probably conjectured that because Lord John Russell
had stated in the Commons that one million had been ex-
pended for Ireland, therefore that the Bank must sell secu-
rities to *over the amount of issue which would be required.
Any how it was an absurd assertion, and the more absurd
because so confident, which is the besetting sin in the same
quarter. The Bank directors do not manage their business
in that way.
=GUSH ruprDp.
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Vtarrwa, FEB. 7.—According to the Nuremberg Courier,
there is a superfluity of money on the Vienna bourse, and a
consequent depression of the rata of discount. Three-and-a
half per cent. Is offered for bills of exchange on the firms of
Rothschild and Sins. This state of affairs is traced by the
above journal to the recent ministerial measures which were
directed against petty agioteurs.