The Express.
London, England, 1849-05-17 00:00:00

MONEY MARKET.

EVZWING.
This has been a very quiet day in the English
funds.
Large sums of money, of which we hear in all
directions as seeking employment, keep the market
up ; and no doubt would raise prices, were it not for
the uneasy feeling which is unavoidably produced by
the outbreaks on the continent, and the state of
Paris within the last few days.
In the Corn Exchange to-day there was a very
languid market, but prices cannot be quoted lower
than on Monday last. The foreign arrivals this week
have hitherto been moderate, which has tended to
keep prices steady.
The commercial letters in the City to-day brought
by the Flanders mail, with dates from Antwerp of
yesterday, of Cologne the 14th, and Frankfort the
13th inst., represent business as in the most deplor-
able state of inactivity, from the continuance of out-
breaks in the German towns; Rastadt, one of the
principal fortresses in Germany, being represented as
in theUnds of the insurgents, the garrison having
risen and killed five of their own officers.
We cannot forbear drawing attention to a state-
ment on the subject of the Caledonian Railway, to
which are attached the names of Meows. M'Micking
and Campbell, two of the shareholders of that com-
pany, who have done themselves great credit by mak-
ing inquiry, at considerable personal trouble and some
expense, into the transactions of the directors in
purchases of shares of other companies with
the funds entrusted to their management with-
out the sanction, either of their own proprietors
or of parliament. These gentlemen state the follow-
ieg as the known share transactions of the directors
in the CaledonianExtension, 93,8801. ; Glasgow, Ell-
resznock, and Ardroman, 57,5171. ; Glasgow, Barr-
head, and Neilston, 46,0201.; Caledonian and Dum-
bartonshire, 10,8831.; Ayr and Galloway, 5,5861. ;
Glasgow, Strathavon, and Lesmahagow, 11,5011. ;
Wilsontown and Morningside, 2,8891.; Scottish Mid-
land, 187,18814 Scottish Central, 35,0731.; Dundee
and Arbroath, 43,1101. Total, 492,0041. The trans-
actions in these share purchases are in the
aggregate of great magnitude; and melancholy as it is
to have to bring before the public, almost daily, some
fresh instance of railway directors thus dealing with
the funds committed to theirtrust under acts of parlia-
ment specifying their proper application, we must
say that the shareholders of this company
ought not to rest for a moment till they
have appointed a committee of inquiry to exa-
mine most minutely into the books and ac-
coon% and ascertain the real nature of these trans-
actions and their consequences with regard to the
future value of the property, and if mal-administrs-
tion can be proved against the directors, to demand
their moon in favour of men who will hencefor-
ward arm the duties attaching to the offices with
strict fidelity in accordance with the powers con-
ferred by pent.

BAIL WA Y&
RAILWAY MEETING.
READING, GUILDFORD, AND REIGATE.
Special Mmting.—Londoe, Hay 16.—Aldermen Salo-
mon' ia the chair.
This meeting was for the rupees of missidering the sub-
jest at aWE la palls:sat for making a short line of rail-
way le mimed this line with that of the London end South
WesW* RA' wgkel for other Ferrets.
The CHAIRMAN mid the rely object of their being
elle& together was for the purpose of complying with the
omen orlas, which made it imperative that every bill in
peollement shoal& resolve the motion of the pmrietere
L=l/ste beim reed a mend time in the House of
to the sheet Ilse mew applied for, he had
the pleamits to inform the meeting that it was already
sedereat all measeree, in 03112A1d06 with the board of the
Beath Haim eciapaay, had been taken, se that ft might
be as usegresd ball through the House of Commons; and