The Express.
London, England, 1847-09-02 00:00:00

reason to believe, an undoubted fact, that the directors
most concerned in, and committed to, the principle of
Peel's banking and currency measures, are precisely
those most averse to take higher office upon them-
selves ; and to encounter the pernicious results of their
own system. The new governor, Mr. Morris, is a gen-
tleman who has the confidence of most parties, as
being no slavish adherent of absolute theories, though
bound by that which he finds in force upon legislative
compulsion. He is the head of a staid house of bu-
i guess, known and esteemed for its absence from any
speculative tendencies.
The affair of the American bills drawn aeon
Messrs. Overend, Gurney, and Co. remains vet with-
out a definitive solution. It is stated that all bills so
drawn upon them from the United States (New York
chiefly) of 2001. and below have been accepted, and
will, therefore, be paid. The question in the City is,
why, such bills being accepted, those of larger amount
should be refused, or left over. This is a matter be-
tween the parties. There are many reasons
why larger bills should not be accepted. The
funds to cover them may not hare been
remitted; the bills sent for that purpose may be
drawn upon insolvent houses; the bills of lading may
represent prices not attainable now for corn shipments
by one half the amount. If Messrs. Overend, Gur-
ney, and Co. have, as may be reasonably concluded,
only consented to accept upon undoubted secu-
rities being placed in hand and provided, it is clear
that all the bills must go back on default of perform-
ance of the conditions. Mr. King, one of the late
partners of the house of Prime, Ward, and King, but
now established separately under the firm of King and
Sons, is said to be now here negotiating for the pro-
tection of the bills so drawn. The lawyers, it is be-
lieved, will have eventually to be called in to effect an
arrangement.
ENGLISH FINDS.
Bank Stock. 19984 6 7 India Bonds under E 1.01.0. 5 d.
3 per Ct. Had. Anne., 8&71 Consols for Acct.. SS i
ler Ct. C 0,,,. Anna., 8. 1#( toi wt. P.
India per
.Cti.4oAnne., J
1341. X..
~t4.8131r.7
FORM. FUNDS.
5 Per Ct. B New Bonds, 1829 6 per Cl. Spanish Pa...4re Bd.. 44
and 1839 02 3 per Ct. Spoinieb lids., 30
24 per Ct. Ecuador Bonds. 3 NW! Acct.. Sept 15, 30 241
5 per Ct. Mecham Bonds, 1846, 19 44 per Cl. Belgian lids.. en 261., PM
4 per Ct. Portuguese Ike., 254 4 14 per Ct. Dlltali Certif., ed
Ditto Acct, 25
EXCHANGES AND STOCKS ABROAD.
Anstetoer, A t ...JP—C)osing prices. Act. Debt, Two-aadp, Ralf per
Cents., &it ; Dino, Three per Ceuta., 661 Bg4y4 Ditto, Four per Cents,
881.10 ; Snort,. Synd., Threeandn Half per Conte., 861, Comm.
lc. 1696 169; En%t India !Ann. Four per Cent.. 8887 i ; ninnish WI)
Five per Cana, 154 156; Ditto, Unlimited Five is' Cent,,l4/ 16; IRi!,to.
Three
ins tern.hCien.Gl.l 72 ,I3Dino, Integoar Three Centsl24 11..1tv
Four'nper C1ut5..41.5442.nr Waldenrtug ,
17,18.187 We 4;7. Cents!, 10'5E
1051; Ditto, 1823.1*26, Fire per Cents., MS 1054 ; Certif,. 1431.1839,
Fee per Cents., 464 404 ; Four per Cents.. Bel ; Ditto, ,
Four per Crate., 894, Anereena Bank, 44; AuxtrianMCWL Si,.
Cents.
11:2210.Ditto, TweinKnllalfe tteerr e. 52,1 ;87liank of Vienna
AFiv' per ,
wear, ilrG. 11).---tosii of 1840, 1&44.
_ll/01101:
Three per Cents. 674, MB.; Ditto. 1844, Two-andw-Hail per
Cent., 511, hdls; e/psnish bots, isi.—rathaneo on London. 26 t 24
bine. - —•

Ay°. 31.—Lono of DM. 68} moony: Ditto. 1644, 931
Ditto. Ites, C.:4 NIL. City Loan. 1832, 00 money'
~Ditto, 1843, .
Num.'. Liquid., 1513-16 inlik.—Exclntoge on Loudon, .5 SU Will.