The Express.
London, England, 1848-05-03 00:00:00

THE EXPRESS, WEDNESDAY EVENING, MAY 3, 1848•

house they lived In, and was knocked down bye blow on
the head, inflicted with a poker, and wu rendend com-
pletely insensible.—Several other witnesses were sworn,
who gave another version of the affair. The °cm.
plainant bad accused prisoner's wife with ill.using
his child, and the woman and her daughter abused
Delon and threatened him. Some time atterwards Dellen
was waylaid by the prisoner, his wife, and daughter. They
knocked him down, and the prisoner, after striking him
with the poker, fell upon le with his knees on hie
breast, and all three beat him. A woman named Toomly
took the poker away after the prisoner had struck Hellen
five or six times with it. Sense of the people in the house
called murder and police, and two constables hastened to the
plane. and saw an old woman and a man upon 1) lien, who
was lying in the pusage and bleeding profusely from •
wound on the head. All the parties were the worse for
liquor.—Mr. Yardley lined the prisoner Si, and in default
two months' imprisonment
WOOLWICH. —At CONNITAIfeR AT A Pitt-
sonr.it's EISCAI4I. V. Ileireion, a sergeant of the It division
of police, attached to the dockyard force, wt
again exa-
mined, charged with permittilig one Robert Row Dix to
escape from his custody. The prisoner has since been appre-
hended at Beth and committed for trial, and it was now
stated that the more serious part of the charge affainst the
defendant, that of conniving at the prisoner's escape, was
not sustained, and that it was probable the defendant would
not be dismissed from the force.—Mr. Trill said he did not
believe that there was any intention on the part of the de-
fendant to connive at the escape of the prisoner, who, from
what he saw of him when he was hi fore him, was a very
plausible sort of person, and very likely to impress the de.
fendant with an idea of his innocence. Still his conduct in
drinking with the prisoner and losing two trains, showed it
very gross neglect of duty, which it was necessary he should
mark with • severe fine. He then ordered him to pay a Hne
of 51., and stated that if the commissioners should dismiss
him from the service, he should consider this fine to be too
severe and should remit • portion of it. The fine was paid.

MONEY MARKET.
TUESDAY EVINING.
The seasonable change in the weather for farming
industry, with the absence of any political event of
striking influence in the adverse sense, have combined
to make the speculators for the fall in Consols
nervous, and accordingly to-day they have displayed
an eager anxiety to buy in their accounts. At the
same time the orders with the brokers have been
more numerous for the investment of small sums,
which take so much money stock off the market.
The unpromising state of the weather during some
time past for spring sowing, if not for the grow-
ing crops, in large breadths of the wheat die- 4
tricts of England, with the tendency to rising
prices at Mark-lane in consequence, were parts u
:
of the foundation, doubtless, on which specula-
tors
built, in their gales for time, and appearances t'
having altered very materially in that respect, it be- eR
came so much more a matter of importance to cut r.l
losses short by buying in, so as to make up accounts 43
now that the day of liquidation and settlement is
191
drawing nigh. To these various influences may be is
ascribed the remarkable advance in the funds to-day. rf
Consols, which left off on Saturday at 82; to 1, rose I
gradually all day, and at the close of business were
83 to say 11 higher, with a firm market. Reduced
Threes, 811, to 2 ; Three-aud-aQuarter per Conte., 821
to :3; Long Annuities, 8! to 7-16. Exchequer Bills,
39a. to 435. premium. India Bonds, 20s. to 23e. pre-
mium. Bank Stock, 188 to 190. India Stock,
229 to 231.
The foreign market followed the lead of Console,
and was all ascendant. Dutch Two-and-a-Half per
Cents. were done as high as 14, but called 42 to 4 ;
the Fours, 62 to .1. Russian, 88 to 91. Spanish
Fives improved to 13 to ; the Threes, 23 to 1 ;
Passive, 34 to Portuguese, 18f to 191. Brazilian,
68 to 71. Mexican, 16 to 1. Peruvian, 30 to 2.
Ecuador, 24 to Z. Venezuela, 20 to 22.
In foreign exchange more bills than money were
found in the dealings to-day. On Amsterdam, the ne-
gotiations were 12.1 to 41 ; on Rotterdam, 12.11 ; on
Antwerp, 26.20 to 30 ; on Hamburg, 13.12 to 13 ;
on Frankfort, 1221 to 123; on Paris (at short),
23.30 to 40; on Vienna, 10.50 to 11; on Leghorn,
30.85 to 31 ;on Naples, 381 to ; on Madrid, 11 !, to
12—all but Paris at three months. On Lisbon, 511
to t, at GO days.
It appears from the Belgian papers that the pro-
posed extra emission of inconvertible notes for 20
millions of trance, for which the Bank of the
lien.,rale is to be authorised, is not so much for the
convenience of the public and the government alone
as was at first to he supposed. The issue is, in fact,to
enable the bank to meet the calls upon its savings-
bank department, which, unsatisfied, might create the
most disagreeable of all monetary difficulties, that, 4
namely, arising from the urgencies and uneasiness of s',
small depositors. Since the bank is evidently g
without specie funds to answer such calls, and, le
what is worse, appears to be without available
or marketable securities for raising the necessary
amount to answer them, the interference of the go- 2
vernmcnt was perhaps under existing circumstances
a prudent policy, taking the best security which the
bank could offer out of the muses with which un-
fortunately it appears to be encumbered. Moreover,
it is stipulated that the bank shall pay interest for the
accommodation afforded by the nght of issue at the
rate of three per cent. per annum to the state upon
the amount to be issued. It is contended indeed that
this rate of retribution is much too moderate, and
that the bank could well effort to pay five per cent.
for the extension of privilege, geeing that money, as
measured by the current rates of discount, was
worth as much and more. There teems to
be a hostile feeling against the great bank in
commercial quarters, on account of the little
service it hes rendered to commerce, notwithstanding
its enormous capital. With a capital nominally of
218 millions of francs (8,720,0001.), it is invidiously
remarked that scarcely 8 millions (320,0001.) have
been employed in discounts, or in affording banking
facilities to trade and commerce. The reproach on
that head is clearly not without foandation. The
hank, and it is not the only establishment of the kind
in Belgium liable to the same accusation, has been
tar too much, and too little wisely, engaged in sup
porting all manner of industrial enterprises and pro-
jects with its funds and credit, so that its vast means
have become at length locked up in shares, stocks,
and properties for which no marketable value can be
found, and which remain on hand, therefore, as so
much dead weight. Yet, if the bank were abandoned
under present circumstances to its own resources, and
suspension were to follow, as might possibly be the
case, the effect would be the utter derangement of
industry, and a fearful convulsion of all credit, in
Belgium.
ENGLISH FUNDS.
flank Stock. lii 50 Lour Minn, Yliatrz, exp. sth Jan.
3 per tit. Red. Ann,. 811 Si I 2 131 2
3 per Cc Conant.. ADM.., 531 ze 111.11.1 ,01z). 22 20 I 3
t I South ton Old Annultkn.N
Nun 31 per Ct. Annultlex.ll2l 1113 Conxolz for Acct., $3 (2i 31 1d t
Lone Anas. cap. sth Jan. 1550, Eno oquer 113114, 4:1,00o, 34., 403
81 7-18 39 pm,
yew., elp.lothOet., 0d55),81 Di
tto. £2OO
40 3 35 Pm
Ditto. Small, 40 3 3.1 Om.
FOREIGN FUNDS.
5 per Ct. Ilralllion Beds. 71 5 k‘coc,clo:lol.43l3l3outts. dlr. from
Ditto, Small, os
21 per Ct. Dutch Equndor 21* nett), Acc.,.pl6, 121 13/ I
5 r 8 t. Mezlozn Acc., May 10, 3 7,i4T0. liana% Acct.,
Sal
I; per Ct, terurlen linllllo, 31 5* lief Ct. Venezuela Rondo, 27
3 per Ct. Portueucou Dona, 171 II per (.1. Belgian Bomb. ex 25
4 per U. Ditto. 1'31114 is fiance, 34
Ditto, Ace. Ili 18131 lot 21 per Ct. Dutch Each., 12 guild.,
Ditto, Snail, 20 44 3 624
6 peR Ct. 111.1WillRonthl,102,Z tit., 4 par Ct. Dutch Uertificatcx,
PARIS BOURSE.—REVIEW OF THE WEEK.—A 030n-
siderable rise has taken place this week. The funds have
risen from 7to S francs, Bank shares from 200 to 300, the
principal railways in operation from 30 to 70, and even 90
francs. The particular causes of these rises we have stated
daily, but generally the elections have had much to do with
them. The elections bring to the assembly many new men,
—political personages long known for their advanced
opinions, some socialists, many represestatives of the opera-
tive classes, and a certain number of former deputies, so as
to give a direct proof of the spirit of moderation and justice
of the country. This composition of the national assembly,
from which it was important that no party, no interest,
should be absolutely banished, has satisfied public opinion
and reanimated the hopes of the industrial classes. So soon
as the physiognomy of the deputation of the Seine could be
ascertained, public credit became somewhat firmer, the funds
rose, and with them all securities, aided, it is true,
by some particular causes operating on particular
securities. i3rders to buy arrived in Paris from all
quarters of France with the bulletins of the representatives
of the provinces. The sacrifices, disasters, terrors of the
last two months bad all been forgotten. The adjourament
of the project of the repurchase of tke reilways announced
this week has been the subject of various comments, not
without foundation. Not that this adjournment, extra-1
ordinary as it was after the government had actually done
all but publith it, excited much surprise, awe it was not
believed that at th 3 eve of the meeting of the National I
Assembly the government could take on itself settle • I
question of so much importance, and one on whtico h it did
not appear that it bad come to an arrangement with thel
companies after full and free discussion ; but it was uni.l
venally regretted that such a question was raised when it
was notdecided to resolve it immediately. Has the govern-
ment considered, in fact, the difficulties which it tra. thrown
into enterprises representing so great, so numerous, Interests ?
They have not sufficiently appreciated the really critical situ.
tion in which these undertakings are plead, which directly
or indirectly occupy more than 100,0001 workmen, until the
moment when the assembly shall be called on to pronounce
on such • project, and if some of them should be unable
to maintain their workshops, it is not on them that will rest
the responsibility of so deplorable a fact. On all accounts it is

to he regretted that the government has not thought fit to
make public in some official form its projects of re-purchase,
so as to ressmre public opinion on the justice of its inten
lions. Something has transpired, it is true ; it has been
pretty positively known that the base adopted was the ave-
rage of the price. of the six m•m,hs preceding the revolution ;
both of the shares, and the Five per Cent. Stock, in which
the indemnity was to have been given; but such informa-
tion was not aufficient, neither was such au arrangement of
• kind to satisfy the parties interested. A pp.ject,
leaving out of view the present and prospective
profits of the companies, both of the lines In operation,
and those to be completed, could not be considered ea
eqeitable. The government must have its due share of ap-
probation for the course it by taken in abandoning this
great question to the decision of the national assembly, but
It has now another duty to fulfil, and that is to submit it
as quickly as possible to the assembly, so as not to leave the
companies in a state of uncertainty, which may be a cauee
of ruin for them and the numerous pi none and establish-
ments connected with them. The rise of the iunds would
have been greeter if the situation of the bale on the one
hand and the disturbance In the provinces on the other had
not kept back buyers. It was expected before the last
weekly account of the Bank was published that it would
have showa a decided improvement, and from the reports in
circulation &considerable increase of bullion, but the balance-
, sheet did not confirm these expectations.

RAILWAY NEWS.
We had altogether a favourable market yesterday,
with an almost general improvement of prices. The
transactions were not so animated and numerous as
might perhaps. have been expected from the decided
turn which prices have taken, but the greater confi-
dence exhibited on all sides, by the holders more
especially, will lead, there is reason to believe, to
more active busieess both speculatively and for invest-
ment. There are several lines about which a strong
opinion is generally exressed that they are worth
buying, not only at the present advance, but at higher
rates still.
SHARE LIST.—LONDON, MAT 2.
Nun.—TM quoutlints of lino In Roman clarketork douoW actual
trourellook : thaw of lion' In /kaki, kollors• orkma
rat D. PAID.
b 0 Ahor.lots .13 ..0 Lovolon &N.Wootkon 11
31 Alaboro.N•ni.i.lice.k.t. I I !316 Do. Nee.
In tor.. IM&o 11 4p 30 06. ii... 414.• • • •••'
121 Ihr. 3. Volk,. 3 Yid. AO Do. C..Jsat. Tomas.
70 fllpp“. t I:4.ford .hl. 311 40 Do. do. TrolAo. 1
I Ifortoo..tilaptatliirto u 10 Do. Thinly .
A 1 /frigol am! Kraer.. 24 I. 14 Lom,Satirb..le reorti I
N0."714 .. . ' 3 lisuobo,Betzt.,allat
100 Lem, Linda )
TiDo. Noe 101. '
Mash. etSmU5O.llll.,,
Malawi .
110 Do. ao;s. Pre
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MEETINGS THIS DAY.
South Wales—Paddington Station; at I p.m. Waterford, Wes-
ton!, and Wicklow —lend:ars Hotel, Palsec-lard, Westminster ; at
12 noun.
MEETINGS. ar.AT WESTERN.— Sproul General
Verona.—Lroloo. May 2.—W. Russell, Esq.. M.P., Chairman.
prondest—The proprietor* assembled fix the purpose of tiling into
consideration the drafts of certain hills, applied for in the present
session, and fur which, under the 0-ending order of the House of
l aria, the eptowint of the proprietors wan roplinite. The thins sit the
bills -are as follows: A Hill for making a Hallway from the Berke
and 'Manta Railway at Ilungsxford, to join the line of the Wilts,
...mat, and Weymouth Railway at Weeteury and thrice'." ".t
Hill to enable the Great Western Railway Company to oonstruct a
Loop Line from the Birmingham and Oxford Junction Railway,
through the town of Leamington, and for other purposes;" "A Bill to
enable the Birmingham and Oxford Junction Railway Company to
make a deviation of the line of the Ittriningliam :Ind Oefora Junction
Railway from Lollllllr4ooll VI Warwick, and for other purpose"
"A Bill to confer tulditainal powers on the Groat M estern Railway
Company, with reterence to an agreement of the 1211 l day of Novem-
ber, 1516, for the parehase by the, of the Birmingham and Oxford
Junction, and Birmingham, Wolverhampton, and Dudley Railways ;"
"A Bill for taking a Railway from the Great Western Railway, near
Slough, to the town of New Windsor, in the county of Berke;"
Bat to enable the Plymouth Great Weetern Dock Company to
raise further capital, and to authorise the Great Western, the
Bristol and Exeter, and the South Devon Itailwav Companies to sub-
scribe to the Plymouth Great Western Docks, and tor other purposes."
la reference to the find-named bill, the secretary, Mr. Saunders,
Mated that the length of the proposed line was 33 miles, and Ike esti-
mated cost of construction 100,0001., of which, however, the Great
Western Railway Company would have to contribute only 1041,00411.,
the other 300,u0sit. being denvable trim the KVIIIIet and Avon Wl' ISt
• Company, the proprietors of which had already subscribed for
450,0001. of the :unman, and paid dawn In ler cent. thereof or ear-
nest money. This company, it was stated, would, in the form of pre-
ference shares, be guarantee' 5 per cent per annum on their coati I.
button, as their share of the pnaceds, and no more. The estimated
east of the Letunington loop line was stated at 20,000/., and of the
Windsor Railway ut 130,0111., of which 1.5,0011. had been locally sob-
mesibed. The aubscription to the Plymouth Great W stern Doikyaerd
Company was eatimated at 13,500/. In the course of conversation It
wan mentioned that the Cornwall Railway Company had alsoulerned
their undertaking. The various hills were adopted. satinet withcat
discussion, and the meeting then separated, thank* having Brat boon
'Malt* the chairman awl acknowledged.
EASTERN COUNTilts.—Npecial General Illrefing.—Lon.
don, May 2.—Mr. George 'Judson, M.P., in the chair. —The Chair-
man proposed a resolution, to the effect that the sum of ti.73,9.:0/.
should he raised upon a atinimurn guaranteed interest, in perpetuity
of i per cent. per annum, which sum should be divided rateably
among the shareholder. of the Eastern Counties, and Northernare of
aria
Eastern Counties Companies, m the proportion of one Jul. snare
sock guaranteed stuck, for each lout. 04 the paid up capital of either
of the said two companies, according to the arrangements one exist-
Mg between them. The chairman Towle some observations deserip.
tire of the prosperity which hail attended the affair,. of I
the company, notwithstanding the period of distress which they had
to content against. Its progress WWI shown by the tact that they
were in receipt of upward" of 7011,000 r. for the present year. It was
true that the last dividend had not been co great tr
ay the previous ones,
but there was so detain but that the nest would be an improvement.
The were only induced, fter the failure of every other legitimate
meany s of raising the moneay, to avail themselves of some portion of
the power they 110.0,4e1l of borrowing to the extent of 3,500,000 t.—
Mr. E, Death considered the proposition to be unjust towards the ori-
ginal oharcheiders, who had no security that the direotora would not
come forward again with a similar proposal. lie moved an amendment
to tic effect that ho new sharesshould be put on previeely the same
footing with the old ones. The amendment woo, however, in the end
withdrawn after some explanations from the chair, and the original
mottos adopted almost unanimously. firmedtis were then
brought forward by which the meetingtwo agreements
to be entered into with the Norfolk and the Newmarket and
=ford companies for an amalgamation of each respectively with
the Eastern Counties Company. The Cliairman made some obser-
vations, pointing out the sarantagen which would result to the com-
pany from the proposed measures. In the end the resolutions were
agreed to, alter an at
to postpoos the consideration of the
jaretirmation with the Norfolk Company for a week had been re-
by u large niajority. The mivat complimentary vote is the
Chairman brought the proceedings ton close.
Nottrotg.—Npecial Meeting.—London, May 2.—This
meeting was held for the purpose of considering the expediency of
entering into an agreement with the Eastern Counties Company for
an amalgamation of the p
ros companies. Mr. S. Id. Peto, M.P., took
the chair. A report was pented, from which it appeared that the
following terms had been agreed upon_ by the two boards : That as
noon as practicable after tkus meeUng, the lines of the Norfolk Rail-
way shall be placed in the hands of the resswrn Counties Company,
and worked by them in conjunction with their .word , under the
direition of a joint committee ,• a lease being gr.uny this
piny, under the powers of their present act, of their rates and tolls to
three or more of the directors of the Enter° Counties Company, as
the legal means of carrying out the arrangement until the sanction of
parliament can be obtained to the permanent amalgamation of the
companies. That from the period of their taking possession of the
Norfolk lines, the Bittern Comilla Company shall take upon
themselves the hp Poem
a the interest on borrowed rapt-
tal sad guaranteed shares of the Norfolk and Lowestoft
!amenities, and 'hall pay to the shareholders a dividend
"ilerithe woe rate as limn tram time to time be declared on the
aspital stock of the &Warn Conntim Company. That the debts
and Iffildlities of the traria and Lowmtott Companies shall be limn.
dated wader the dined= of the Joint committee, aided by the Eastern
(beadle Oampany,who are to have • liencharge open all the property
at the Neadk Company for any soma which they may advance for
this purpose. net application bull be mode to parliament at the