The Express.
London, England, 1848-03-17 00:00:00

THE REPUBLIC OF FRANCE.

EXPRESS FROM PARIS.

IMPORTANT NEWS.

SUSPENSION OF
CASH PAYMENTS.

DEMONSTRATION OF THE
NATIONAL GUARD.

PARIS, TEIURRDAT NOON.

The run upon the Bank of France, which I an-
nounced in my former letters, became still more
alarming yesterday. 'The court-yard was completely
filled, and the applicants were admitted by a queue, as
is usual at theatres on crowded nights. All demands
were paid to the hour of closing. In the course of
the evening, bewever, the governor of the Bank
applied to the Provisional Oovernmont, repre-
senting the danger in which the establishment
was placed, of having its resources in specie ex-
hausted. In coaseqnence of this, a meeting of the
members of the government was convoked at mid-
night, and a res dation was taken to authorise
the Bank to suspend cash payments. A decree to
that effect accordingly appears in the Monies's, of this
morning. The same decree declares, of course, that
the notes of the Bank of France will be a legal
tender, and authorises the issues of notes of 100
francs. The following is the decree in full :
The Provisional Government considering the deliberation
of the CouncilGineral of the Bank of France, dated this
day :—Considering that I,r smte days past the demand. of
re-imbursement made on the hank are in great ninnber, anti
threaten to drain ire meanie reserve. Cashiering that this
situation places the Bank in the alternative. either of stopping
its dimounts, or of obtaining the authorisation of no longer
effecting its payments in specie. Considering that the snspen-
sioll or even the restriction of the discounts of the Bank
would give a fatal blow to industry and coronieree. Con-
sidering that this suspension would cause on all sides the
forced stoppage of labour, end would plunge the labouring
clasets into uttar misery. Considering, in consequence, CA
far from allowing the suspension er the restriction
of the discounts of the Beek, the govcrnmeut of the
republic ought to furnish this establishment with the means
of procuring industry and commerce powerful instruments
of credit. Considering that it is indispensable to secure to
Paris the specie belonging to the Treasury, and which is
disposed at the Bank. Considering that the really
flourishing state of the Bank, and the guarantee
formally stipulated of the limits of its emissions,
give to the public every desirable security. Upon the
proposition of the minister, decrees: Art. 1. From the
very flay of the publication of the present decree, the bills of
lb. Bank of France shall be received as legal money by
establishments and by private individuals. Art. 2.
Till further orders, the Bank is dispensed with
the obligations e paying its hills in specie. Art.
lv no ciao the sum of the emissions of the
and its briotell banks, shall he ail.osetl to en-
:roe mot fi'tv minion.. Art. 4. lit order
to isei::fate eireulatii4s, the Bank of Free, is authorised to
emit coup sees, which however, shall not be interior to 100 f.
Art... The dispositions of the present decree are applicaLle
to all the comptoire the Bank of France has astabli•heil in the
departments. Art. 6. The Bank of France is to publish its
situation in the Moniker every week.
Give n at Paris, in the council of the government, March
t 5, 1848.
The following announcement is appended to this
decree in the 111imiteur :
At the sane a. salon of the cabinet, the Minister of France
propmed to the government a system of financial regula-
tions which, while they will ensure all the branches of the
public service, will allow it to afford in a !erste measure to
industry, commerce, and labour, the aid which they may re-
quire. The definitive resolutions, on this subject, will
appear to morrow in the Monition.

The 31;;Iie;;;ptiblieheeiiTe following debtor and
creditor account, furnished by the Bank of France,
and made up at the close of business on Wednesday,
the 15th inst

France Cents.
I.ssuital
kg serer
lite/erre in landed property
Rank axes In ctrentstwut.... ..........
!Into of branch backs
.. 9,000,(00 0
Ditto to order .. .. .
Treasury automat currentardttor . 42,255,092 3
Sundry accounts current
R.....tptr payable act sight
Hills realiseounted 729,692 57
Dividends payable 421,444 25
Sundry expenses 2,177,299 21
Algiers Bank
..._ 1,069,097 19

Diirtea.

Fain. ot Maned limbs payable
712478 49
,unnties 39,601 27
488,213,673 SS
Cll/91106
Cub hi coin and farts
Cab in branch banks
Commercial bills, doe 16th but. .............. -.. 3,676,199 11
Commerci..l balls discounted
Ditto efla..leh hulks
Advanced on ingot!
Ditto on French government sentiffina
Due by branch banks.
Government securities In reser,.
Ditto :tradable
'enure and furniture of the Bank
In ereo in the Bank of Algiers 1,0ne,600 0
bilk unped ... . ' 124,747 66
Ani. urn of government Flock sold tt. Hods
4
unud . 309 31
Papeete,. of the establishment
Sundries ................ - .............. ----- 18,982 0
ses
Certified, Paria, March 15, 1940. .sts,srs 58
• The Governor of the Bank of France, D'Asoone.
11,e commercial crisis continues. The bankruptcy
of the larger class of commercial bows begun, fol-
lowing necessarily the failure of the banks, the de-
parture of foreigners, and the reduction of private es-
tablishments. Yesterday the well known house in