The Express.
London, England, 1848-09-27 00:00:00

pone? WU eitif 11111111 INN found the grinner, who had
offered a geld .Marie der *ale, which bad refused to
purshme. She hod IMP pull-case a her bead, end de
eland it was her ovra prieparty • but urea the essallit ex-
it and hilemmft bet Met it severed the Iseerip.
irmaial mese sank she inalebed It away his Ithm.l
limarmretrar, resioned peeerelea of it, sad r;
rrher with the feet that he was a
teui
I— etelies ehe Mtn a false edam. and prePat lia
AD pthelhallth sad alleter bad bus given to her aSy bri•
i=were swim treat the preeeelier. Thee/rim% it s'
lived at 100, Yorkville% Wariskatio. whim, al
iaarallies tar apartarie, the pollee telail ihe amidst et
the mmemeng, • peaks befog mill la the 11:11
;hew;
M er aoseseill @beat the bed mil
wee
have bessS she 7e maimsre of esselhas% mewl 111
hz the peleheMeerr wail OS lawar d Ilie
dale the bed beta earalateL—The primer wile
MONAD' he a week.
TILAMMB.—ILLioa. Dreertarmv.—Murroy, a broker,
waselierped with aa admiral distress, and en assault com-
melllel at the same time. On the 20th inn. As was em-
ploye**. levy a darer at the borne of a joiner named Ore.
busk with two at Church-row Stepney. Hang got in at
reeidni
the assistant.gory he met Gregory's wife,
who bad wit left the hone for the first time after an attack
of erarlet fever. She locked the door. Murray then seized
inn amebas stool, a tab, and some other few ankles
whine were in the yard, and at ores oommmeed bettering at
the deer with • large piece of panic which he and big men
ultimately seal ea • lever, and lifted the door off its hinges.
Ma thus effected an entrance they detrained upon the
ram, asfavestary. Immediately on entering Murray
leek aOW hem hie market, and holding it out aware he'd
sheet UMlgat pima who interfered with him. The friends
ef Mee. firegery, NM women of the neighbourblod who
some then to errepaddie with her—shrank back terrified,
whilst the herself, being Ina alarmed and still weak from
her late illness, sank tapes the bed,.from which the prisoners
dragged her, mad preceded a peek it up. On drawing out
the pistol, Murray said be had the magistrate's authority for
marrying arms to protest Mundt The rent due was 11. Ma,
end the claim made with costa, ore 21. 4c, which even if the
Zinnia had bees *ally anted would be an overcharge.
The poor woman seat a asesonger to relate her ease to Mr.
Janie' landlord of the Royal Duke, in the Commercial-
road, who instantly brought the amount and redeemed the
gene. Subsequently, the prhauer met Gregory, who com•
of the cruel d illegal manner in which his wife had
=L en
treated, to which Murray wally replied, " Yee, I know
I have acted illegally, but you are too poor to obtain redrew,
for I know your wife had to take the ring from her finger to
procure herself bread."—Mr. Yardley said the di•traint was
I manifestly illegal, and the prisoner must pay 21. 4s. with
' meta.

MONEY MARKET.

TUEeDAT EVENING.

The Comet market continued:all day jo the same
passive state which it has exhibited for several days
past. In the few transactions which took place Con-
mole varied only between 864 and 861, alternately
buyers and sellers at each price. They left off 891 to
both for money and account. Exchequer Bills were
30.. to 335. premium.
Some movement took place in Mexican Bonds in
consequence of the somewhat encouraging communi-
cations in the papers this morning from the
sputa of the bondholders in Mexico, and the
government. Speculative purchases were more
free:y made, whidhcarried prices to 17 to 1. Orders for
Portuguese stock from Amsterdam, where it has
latterly been is demand and commanded higher
rates, raised the quotations here also to 23 to 4. In
Oita ibreign securities there was scarcely any varia-
des is mew. Russian, however, were again on the
dos, sad bought at 1004, now quoted at 99 to 101.
IWA Two-and-a-Half per Cents., 441 to 51 ; the
701 to 11. Spanish Fives, 111 to 12 ; the
Threes, 22/ to 31; Passive, 2; to 31. Brazilian,
74 to 8. Milian, 88 to S.
The quotations of foreign exchange varied little
from thaw of last post day, but the actual transactions
were of line than ordinary importance. Paper on
Paris was freely offered. The negotiations were :
On Paris, at short, 25.271 to 321; on Amsterdam,
12.11 to 1; on Rotterdam, 12.11 ; on Antwerp,
26.70 to 76; on Hamburg, 13.10/ to 11; on
Frankfort, 121 to 1; on Vienna, 10.55 to 11;
on Leghorn, 32.15 to 20; on Naples, 371 to 8 ; on
Madrid, 47 to 1; on Lisbon, 511 to —all but Paris
at three months.
To return to the Rank of England and bonus goes-
tion. When, in March, 1847, the addition of a bonus
of one per cent. to the half-year's dividend was first
proposed to the court of proprietors, the pro-
position did certainly seem justified by the very
prosperous state of the Bank's Snarlers, mainly
among from the unprecedented accumulation and
beneficial administration for a considerable period of

the railway funds for some score of millions compul-
sorily deposited in the Bank according to parlia-
mentary regulations. So long as those funds re-
mained in any considerable bulk the Bank was vir-
tually the discounter-general for the whole country.
The provincial hacks, stripped of their del nits, and
compelled to narrow them circulation, could afford
little accommodation to their habitual clients : their

own safety, under the remarkable circumstances
of these times, became the primary con-
sideration, and several, joint-stock and private, were
swept away in the whirlwind of the monetary
revolution which carried such an immensity of ca-
pital and such a monopoly of business to the Bank.
It is known that, upon the question then of a repar-
tition of the extraordinary profits so accruing, there
was a division of sentiment in the Bank parlour, and
that such repartition was far from being strenuously
opposed by those who, on principle, were most ad-
verse to it. The proposition was therefore carried by
a large. majority of the proprietary.
During the remainder of last year profits continued
to accumulate in excess from causes still too fresh
in public remembrance to require more especial
notice. The bonus for the two half-years following
April, 1847, was declared as a part of the dividend
therefore, and passed without discussion.
The continuation of the bonus, as now proposed,
comes before the proprietary under entirely different
conditions. The board of directors, after pasture con-
sideration of the subject in all its bearings, have
unanimously come to the conclusion that it will be
both inexpedient and unsafe. Their grounds of dis-
sent rest simply, but not the lees substantially,
upon the important facts that, first, the rate
of banking profits has not exceeded 3i per
cent. for the past half-year; secondly, that
the future holds out no such encouraging prospects
as would ,justify the hope of improving upon the pre-
sent subdued ratio of profits. There is no doubt that
the directors might have been more explicit with ac-
ceseory facts and figures of 'talons telling force by
way of addenda and explanation of their unanimous
record of opinion, but there are points on which pro-
prietaries are quite as tender and forbearing as
directors, and 'so no one ventured upon hazardous
questions for fear that very unwelcome truths might
chance to be elicited from the momentary candour or
indiscretion of some member of the board. It was
stated, indeed, that the government securities held
by the Bank were deteriorated in value to
the extent of about 200,0001. since lag year,
when the first bonus was carried; but about any

other lases, or depreciation of property, the Governo'r
of the Bank prudently declined to be pressed.
That the Bank is conferiedly minus 200,0001. in its
capital stock is itself one material fact; but there are
other facts rather more material still perhaps to
follow. Yet meanwhile it may be doubted whether
at 200,0001. the damage in that one respect
is not too lightly estimated. Exclusive of the
Dead Weight Annuity, the government secu-
rities held by the Bank may amount to some five
millions sterling of nominal value. Tne mass of
these must probably have been purchased at prices
ranging from 90 to 96, calculating them pro rata of
Consols. The present price of that stock stands at
about 86, and assuredly one million could not be
placed upon the market without causing a disturb-
ance equal to 6 per cent. reduction upon that value.
Upon average, the securities of all kinds in held
mast have cost some 7 per cent, excess upon the va-
lues now ruling, and the remit would lead upon the
premises to a deterioration of property of between
three and four hundred thousand pounds. Consols
stood at about 91 in March last year, when the
bonus was voted; in the January preceding at 94.
There remains still the Dead Weightght Annuity to
be dealt with, and the extraordinary depreciation in
the value of that security which contemporaneously
must have been in progress. Row that security may
be valued, or whether it has been valoed recently at
all, dos not appear. It cost tte Bank in 1822, by
periodical advances to the government in its purchase
from 1823 to 1828, 13,089,4191. In 1832 the an-
nuity, which expires in 1867, was rained by Mr. Fin-1
laison, the actai of the National Debt-efilos at
10,936,2271. When purchased in 1822 Consols
were on the year's average about 80 ; when'
valued in 1832 the average woe about 88.
The Bank therefore did not make an im-
provident bargain as to price, but saddled itself
with a very cumbrous, costly, and unreellmble se
isurity for times of crisis afterwards. ow,N aimming
the dead weight to have been valued at the 0041111211509•