The Express.
London, England, 1853-05-27 00:00:00

INDIA.
THE OVERLAND MAIL.

(ir •VIIMAIILYZ TALsoaAnt.)
MARSEILLES, FRIDAY.
The ladia mail arrived at 8 cm.

FRANCE. •

PARIS, THURSDAY Evaxixo.
Serious doubts are entertained here whether the
news which I transmitted to you yesterday of Prince
Menschikoff having left Constantinople is correct.
The telegraphic despatch containing the statement,
and published by the l'atrie with the date of Con-
stantinople, May 14, adds that " he left at Constan-
tinople advisers of embassy (des conseillers iambus-
auk) for the conduct of business." The meaning of
this is not very obvious. Prince Menschikoff was a
special envoy, having nothing to do with the Itus-
sian embassy, which,- supposing his departure to be
confirmed, would remain as before. It may possibly
have been part of his mission to leave behind him
persons charged with special instructions for the
embassy, but it is certain that there is no
diplomatic vacuum requiring their presence for the
purposes of ordioa7 business. But another despatch,
received by way of Trieste, and dated Constantinople,
May 16, says nothing of the departure of Prince
Menschikoff, speaks of his liaviug had an interview
with the Sultan, " without etiquette," on the 13th,
and represents negotiations to be still going on. In
the midst of the perplexity caused by these conflict-
ing statements, the Bourse has been violently
agitated. At the opening, the brokers were over-
whelmed with orders to sell, under the pressure of
which the rento fell as low as 79.30, being more
than half per cent. be:ow the lowest price of yester-
day. The panic was prevented from becoming
general by the continued firmness of English
consols, and the belief that tho bears have
greatly oversold themselves, and that in the
absence of any really serious political news a cud-
den rise must inevitably take place to effect the set-
tlement. However menacing the Eastern question
may apparently be, people cannot divest themselves
of the belief that France and England are sufficiently
agreed upon essential points to render all the efforts
of Russia to browbeat Turkey impotent. A rumour
has been spread in the course of the day that the
Russian army had entered the Moldavian provinces,
and was sufficiently accredited to excite considerable
uneasiness, but under the influence of the feeling to
which I have alluded the Three per Cents
recovered to 79.70 before the close. This is
still a fall, and a considerable one considering that
the Bourse has been bad for the last four days, and
that as the dividend is due on the 7th June this
price is nearly tantamount to 78.20. The depression,
however, serious though it be, is nothing to the crash
that would come in this brittle market if war were
seriously apprehended. M. Emile de Girardin has
an article in the Freese, in which he endeavours to
restore confidence, and reasons as follows:
The French Threes, which toll 50 centimes the day be.
fore yesterday, end yesterday lfr., have again Wien to-day
63 centimes,* in all 2fr. 15 centimes, The English
Threes remain firm at tool. Theditference between the two
funds is 21fr. What ought the Bourse to be? Ihe Bourse
should be the thermometer of credit, measuring risks
exactly in order to diminish thorn. What is the Bourse ?
It is the thermometer of fright, exaggerating and aegra-
ening beyond all measure the most trifling danger. Credit
calculates everything: it reasons sad does not tremble.
Fear calculates nothicit : it trembles and does not reason.
That which distinguishes credit from fright is also that
which distinguishes the Bourse of London from the Beene
of Paris, The Bourse of London calculates everything: It
reasons and does not tremble. The Bourse of Paris calcu-
lates nothing: it trembles end does not reason. If the
Bourse of Paris were to reason, it would say, " E ther the
despatch dated from Trieste, Tuesday, May 24, and from
Coast antinople, May 16, is true or false. If this despatch
is true—if Prince Menschikoff, who was to base left on
the 14th, was still at Constantinople on the 16th, this delay
in his departure, after the sigoifiatiou of his ultimatum
on the sth, and, after the return of Rechid Pacheco power.
would be a proof that Russia, finding she had inconsi-
derately advanced, had prudently drawn back. If this
despatch is false, sad if Prince lilenchikoff left Constauti-
nsple on the 14th, what is the meaning of his departure ?
Did he go, having suffered a cheek, or leaving behind him
a menace ? What menace ? The menace to renew in 1853
upon Coustantinople the attack made in 1807 by England
upon Copenhagen? Is that presumable? Would the
Russian fleet expose itself to theahannand the consequences
of such an act when it is watched by the French and Eng-
lish squadrons? Is the Bunion navy comparable either
in men or materials to the English and French navies ?
And after haying bombarded Constantinople, would
the Russian fleet devote itself to the inevitable chastisement
of being burnt or sunk? What could Russia do?
Declare war with France and England ? 0 what principle ?
With what allies? With Austria and P, .six;; but does she
count for nothing Italy, that would rise as one man, and
Switzerland, that would arm immediately ? No, a hundred
limes no. There can be no serious danger to apprehend
from Constantinople, and if Prince Measehikoff have really
left Buyukdere for Odessa, it is became, having failed in
his mission, he could do nothing better than go away. His
departure simplifies, it unravels the situation.
A telegraphic despatch from Vienna states that
M. de Bruck, who was sometime since appointed
Austrian internuncio at Constantinople, left on the
24th for his post. Since the mission of Count
Leinengen, Austria has remained passive with re-
gard to Turkish affairs.
The 10th of September is now spoken of as the
day fixed for the coronation.
It is rumoured that the session of the Corps Legis-
leaf will befarther prolonged for a week. it is also
said that the period of three months limited by the
constitution for the session being already found by
experience too short, a imam consultom will be ob-
tained between this and February, fixing 4 months
as the ordinary time. In this case the salary to
members will probably be 10,900 fr. a year, whether
there be a supplementary session or not, as it was in
the time of Napoleon I. As it is, the constitution is
not considered explicit upon the question whether a
full month's salary should be paid for a broken session
of 8 or 15 days, and although on the present occasion
the Emperor has taken upon himself to give thsi
pockets of honourable members the benefit of a doubt,
it is thought desirable to leave no scope for arbitrary
interpetation in future.
The Emperor is geting a beautiful pleasure yacht,
to be called the Eugenie, built at Clullon-sur-Satine.
It is supposed that she will be finished by the 15th
of June. Some of the principal decorative artists of
Paris are employed in fitting up the interior.

• This was written baton the fill of this afternoon.