The Express.
London, England, 1851-07-28 00:00:00

same sacrifices through which Mexico has passed, by some-
times paying as much as 2 per cent. per month.
The second point on which I shall touch in this commu-
nication refers to the advice, from Mr. Falconnet. Mr.
Falconnet says, with reference to his interview with the
Minister of Finance, " that it appears that the government
at length commences to listen to the reclamations of the
bondholders."* The committee will permit me to state that
Mr. Falconnet does not speak quite correctly, and that it is
certainly not 'serving the interests of the bondholders to
publish such information. Let me remind the committee
that when the Congress set 2,500,000 dollars apart for the
creditors, Mr. Falconnet was not in Mexico, where he did
not arrive till the afternoon of the day when the decree of
the 14th October had passed the legislature ; and let me
remind them also that for a long time the government and
the committee of the legislative chambers have been the
best and most zealous agents of the bondholders.
It is therefore surely not now only that the government
commences to listen to the bondholders, and the publication
of such things operates to the prejudice of Mexico when she
least deserves such a return for the good faith with which
she is fulfilling her engagements. That a government lull
of resources, and prosperous like that of England, punctu-
ally pays its debts is nothing strange,. but it is remarkable
that a country which as has happened in Mexico, has at the
same time seen its army without rations, and yet paid con-
siderable amounts of money to its domestic creditors and to
the bondholders.

As to the small amount of specie which the last packet
imam. ht, and by which the price of the bonds has in the opinion
tof tb committee been !owned, I beg to state that the cease
has been a financial operation on the part of the custom-
house., but that as the payment of the dividend has been
advertised, this ought not to trouble the bondholders.
Nevertheless I have anticipated the desire of the committee,
and stated to the president by the last packet that it would
be necessary that the monthly remittances should be consi-
derable, and even suggested that tke import duties assigned
to the English bondholders should immediately be paid
Over.

The committee cannot fail to recognise the good faith and
frankness of the course which the government has taken
throughout this business, and I flatter myself that they will
make known this to the bondholders, assuring them of the
attention and favour with which their interuds are regarded
by the present president and his ministers.
I beg to repeat, &c., M. PAYNO.
To the Chairman of the Committee of Bondholders.
• What Mr. Falconnet really says is as follows: "If I
may judge from appearances, the interview has been satis-
factory lle promises to discuss freely with me
all measures concerning the bondholders. lam happy to
see from this, that my strong remonstrances have had effect,
and that there is evidence on the part of the minister and
also of the president of an intention of more frank commu-
nication with me."
The money market is easy, with discount about 3
percent. No active demand for money has sprung
up, and there is no favourite investment.
- -

'the Bank of England returns show a slight de-
crease of bullion, and those of the Bank of France an
increase, but there are no particulars of interest to be
noticed as to either institution.

The Bank of France returns for the week ending
Thursday, the 24th of July, show the following
results (23 francs for 10:—
Bullion £23,W1,&15 Increase £153,613

,
Bullion on deposit 130,968 Decrease 10,168
Circulation
Public deposits
Private deposits 4,460,588 Decrease 87,217
Bills discounted 4,383,716 Decrease 25,294
Government securities 7,061,147 Increase 14,991
The exchange at Paris on London yesterday un-
derwent a rise of 2! centimes, and is now quoted
23f. 21c. for short, and 24f. Sac. for 3 months.

The bullion market is at late rates, but they can-
not be considered as firm. Spanish pillar dollars are
inclined to waver in price. Fine cake silver has been
brought into the market at ss. 34d. per oz.
The last prices of fine gold are :—London,
3/. 17s. 9d. per ounce; Amsterdam, 11 to 113 per
cent. prem.; Bombay (leaf), 161 rupees per tole;
Buenos Ayres, 3 per cent. prem.; Calcutta (China
gold), 15.9 to 16.2 ; Canton, 22 dole. 80e. ; rank-
fort, 378 to 3798. per mare; Hamburg, 425'1 marks
per mare; Jamaica, 23 to 5 per cent. prem.; Lisbon,
0.4 per cent. dis. ; New York, 6 per cent, prem.;
Pans, 0.275 to 0.3 per cent. dis.; Rio Janeiro, 158 per
cent. pm. (paper), 58 per cent. prem. (silver); Shang-
hae, 212 dols. 50c.; Vienna, 233 to 24 per cent. pm.
The last prices of sovereigns are: Amsterdam,
118. 85 to 95; Bahia, 8 mil. to 8.200; Bombay, 101
rupees; Batavia, 138. 75; Bourbon, 5 per cent.
prem. ; Colombo, I to 13 per cent. prem.; Calcutta,
10 rupees 2 to 3 ; Frankfort, 118. 54 to 55 ; Lisbon,
4,470 refs; Madras, 10 ruyees 6 ; Mauritius, 13 to 2
per cent. prem.; New York, 4 dols. 86c. ; Oporto,
4,490 rein; Paris, 25fr. to 23fr. sc. ; Rio Janeiro, 8
milreis 700 to 730; San Francisco, 4 dols. 85c.;
Singapore, 4 dols. 60c.
The last prices of quicksilver are :—London, 3s. 4d.
Eer lb. (in bond); Canton, 98 dols. ; San Francisco,
se. to 1 dol. per lb.; Valparaiso, 110 dols. per
quintal.
The imports of bullion this week include 386,000
dollars by the Europa from the United States;
1,333,193 dollars (987,689 dollars silver, 327,504
gold) from the West Indies and Pacific by the
Thames ; 1101. by the Ganges, Peninsular and
Oriental steamer, from Alexandria; and 1,960/. by
the Madrid, Peninsular and Oriental steamer (9001.
from Gibraltar and 1,060/. from Lisbon). The total
is about 290,0001.

The total amount of the precious metals exported
direct from London, during the week ending Thurs-
day last, we learn from official sources, was as follows :
Gold coin : to the Mauritius, 1,362 oz. ; to Ham-
burg, 500 oz. ; to Dunkirk, 3,000 oz. ; to Belgium,
13,0D0 oz. • to Calais, 9,500 oz. Silver coin:to
Havre, 56:0 oz. ; to Boulope, 11,700 oz. ; to Bel-
gium, 50,000 oz. Silver : to Belgium, 2,000
oz.; to Boulogne, 1,100 oz. Making a total of
27,362 ounces of gold, and 63,380 ounces of silver,
of the aggregate value of about 123,0001.
An analysis of the railway traffic returns of the
United Kingdom for the last week, published by
Hseapath's Journal, shows the total receipts on 6,354
miles, to bo 338,147/., equal to 53/. per mile per
week. In the corresponding week of last year, the
receipts were 276,7141. on 5,975 miles, or 461. ss.
per mile per week. There is thus an increase of
61,433/, or 22.20 per cent. in the gross receipts, an
increase in the mileage of 379 miles, or 6.32 per cent.,
and an increase of 6i. 15s. in the amount received
per mile per week.
The .Railway Times estimates the aggregate re-
ceipts since the Ist July, this year, at 928,5304,
averaging 147/. 18s. 11:0. per mile. In 1850, for a
similar period, they reached 776,442/. on the same
lines, giving an averageof 133/.311.70. per mile. This
shows a difference in favour of the present year to
the extent of 141. 15s. 40 per mile. The companies
that have partaken most largely of this increase are
the London and North Western, South Eastern,
Br4hton, Great Western, and South Western.
The following is the official return of the Irish
banks of issue for the four weeks ending Saturday,
July 12, 1851:
et:taboos'
au Total I Total
tbxlsed Averagealar
(*elate Clre
. tloo.

Num ark Title.