The Express.
London, England, 1848-02-05 00:00:00

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them. the etudents went to the offices of the National,
I:.7,rmr, the Cmirriei; Tram'a;e, end the
cratie 'Pm-I*w., whence they returned to the Place
du Punthikon, and then separated.
The report circulated of an intended visit of the
Prince and Princess de Joinville to Brszil is contra-
dicted. Their royal highnesses will remain with the
Dubs and Duchesi d'Aumale, in Algiers, until the
spring, and will return to Paris in April, to be present
at the king'sfae on the let May.

The Madrid inails.of the 29th have arrived. Their
contents are altogether without interest. Addresses
from the provinces to &Aim continued to arrive
in great numbers, and numerously signed.
Great actiiity cor.tinues to prevail on the Bolsa.
Eighteen operations were done in the Three per
Cents. to-day. This stock, after the closing of the
Bourse, stood at 271 to cash; the Fives, at le r!.
Debt, at 5:„ Exchange on London at 90 days, 4S
paper. operations were done in the Three per
Cents., at 28,!, at 30 days.

E-xcept the short telegraphic despatch dated Naples,
*0 29th ult., no advice. of more recent date than
',nose of the 24th have been received from that capi-
tal. In Piedmont there is observable everywhere
'narks of active military preparation, such as denote
the apprehension of being at any moment thrown
upon the defensive. We have already mentioned the
fact that Genoa is filled with troops, quartered in
convents and religious houses, as well as in the bar-
racks and forts.
Letters from Turin announce as positive that the
Austrian cabinet has sent to the Sardinian govern-
ment a note on the subject of these military prepara-
tions of the latter, in a tone so imperious and me-
nacing as to produce a report that war had already
been declared between the two powers. It is certain
that The movements of the Austrian troops in Lora-
' hardy and Venice ace such as to indicate not merely
the purpose of overawing the population of their own
_states,-butlltat.•l foruniug • ndlitary cordon on the
Piedmontese frontier. The head-quarters of the
Austrian army in Lombardy have been removt d from
Milan to Gallarete.
Meanwhile troops are poured in in considerable
nunibtrs, by all the roads leading from Austria
towards ('entral Italy; end steamers are employed
to transport them across the Adriatic, to various
points on the Italian coast. Tie Ohscreateur of
Trieste, of the 25th, says that " A battalion d'Ogulin,
which had arrived at Trieste on the 22nd, sailed the
next day for Venice. Notwithstanding the wind,
which was very boisterous, this battalion, of I,2tis
strong, was embarked on three steam-boats of the
Austrian Lloyd's Company. These soldiers, who saw
both sea and steam for the first time, left the Selavo.
',inn laud, and east a look of regret on the country
they were quitting. It was not without a certain
emotion they saluted such of their fellow-countrymen
as reside at Trieste, and who gave them cigars and
money."

Letters from Berne of the 31st ult. report that the
Diet held its session on that day. Hitherto the can-
tons which declined to take part in tho proceedings
preparatm7 to the revision of the pact were the four
folbwirg ; Uri, Unterwalden,Neufchatel, and Appen-
:eh In the sitting of the 31st, the deputy of Uri de-
clared his intention of taking an active part in the
deliberations on the revision,ratification by the canton
being reserved. This example would most probably
be imitated by Unterwalden, and it was
certain that Appenzel Exterior would soon
do the same. Neufchatel and Appenzel Interior
would thus be the only states which would prevent
the solution of this important question.
The I adopted, by a majority of seventeen votes
and a halt; a decree by which its decision on the 3rd
of Scptember last, concerning the expulsion of the
Jesuits, is confirmed in those forms which are adapted
to present circumstances, as well as to the expulsion
since i ffected by the four cantons in which they had
fixed their residence. Uri and Unterwalden keep the
*Location open, but hope to be shortly enabled to de-
ode it in the affirmative. Among the catholic I
cantons Appenzel Interior is the only one which has
not agreed to their expulsion. The opposition to
the measure is the more remarkable among the Pro-
testant cantons. Neufchatel and Bale Town have re-
fused to co-operate in the decree, though they were
particulaily engaged by Zurich to agree to that
measure, in which the catholic states themselves are
almost ur.artimous.
IL sae decided by a great majority, that the
amount of the chest of the Sonderdund, as well
as all sultrily of corn and cattle which had
been placed under sequestration, or employed in
the service of the federal army should be deducted
from the amount of the expenses of the war charged
to the acc mot of the separate league. The assembly
manifested its intention to improve still further the
military establishment, inasmuch as it has granted a
supplementary credit for the federal military school
at Thoane, destined to facilitate the instruction of the
artillery, which rendered great services in the last
campaign.

A Vien..a letter, of the '2Bth ult., states that the
Emperor of Austria has sent M. Frentzel, one of the
chief persons in the financial department, to Russia,
to raise a loan of fifty millions of roubles.

MADRID, JAN. 28.
I can give some further particulars to-day about
the new contract of the bank with the government. The
bank undertakes to satisfy all the engagements of the state
for the present year. It will hand over to the government,
by twelfth parts, each of which is distributed in two or three
payments over the corresponding months, the whole amount
of the budget of receipts for 1848, that is, 12,830,0001. The
balance against the government, however, is never to exceed
a fixed sum. If it should exceed that sum, and no new ar-
rangement is entered into satisfactory to both parties, the
contract breaks off, and the bank is reimbursed by the con-
tributions of the succeeding months, far which purpose it
will continue to collect for the government up to the date of
complete settlement. But this is a case not likely to happen.
The government has in its hands full security for the repay-
ment of the loon, and the bank runs no risk whatever. All
the revenues of the state will enter into its chest, without
exception of a single branch'; lotteries, quicksilver, crusade-
impost. public instruction, colonial surplus, national jaroperty,
&c. The government tie] of the task of collecting, will have ita
hands free to set about financial reform. The cheats de-
pendent on the treasury have their means of subsistence
secured to them for the year. The officials in active service
will be paid with puuctuality. Tho passive classes will re- '
eciee nine months' pay, distributed at intervals of 40 days.
The clergy will be paid quarterly. Such is the satisfactory
prospect for the year which the new Finance Minister holds
out to the country, and undeniably for Spain the outlook is
not had. The eye of opposition naturally does not see the
picture in the flattering light in which it is presented. The
contract will be signed to-day or to-morrow.
Cabecilla Grignon, Carlist commander general of the
Maeztrux7o, presented himself to the authorities for pardon
on the 12th, which having obtained he proceeded to
Valencia.
The Siglo says, the provisioning and fortification of our
Alricen possessions proceed. The force which garrisons the
Chafarine Islands has constructed barracks for shelter: the
plane of fortification have been traced out, and the guns to
be mounted there are getting ready in Ceuta. A battalion
of chasseurs has arrived in Melilla, and another is expected
shortly, together with a squadron of the regiment of Nu-
'auricle. The tribes about Melilla fire daily on the fort,
causing frequent loss to the garrison.
Another of the threatening-letter gang has been seized at
Zaragoza. lie turned out to be a screw or watchman, who
was pounced upon as he was picking doubloons out of the
window-slides of a soap-shop, which had been required to be
set there, to the amount of 101.
On the 19th a proposal, signed by a great number of
senators and deputies, was addressed to Bravo Murillo, the
Minister of Public Works, recommending the erection of an!
institution of arts and sciences, to be attached to tie existing '
seminary of Versate, as a fitting monument of the conven-
tion which pacified Spain, which might be opened by the
31st of next August, anniversary of that glorious event. '
Count Vista Hermosa, Gen. Jose Concha, °liven, Lujsn,
and Sanchez Toca presented the memorial to the minister.
The composition of this committee, which represents all
shades of politics, is suitable to the design, which the govern-
ment seems disposed to consider as favourably as their pre-
sent vein fir retrenchment will permit. This high compli-
ment to Espartero carried out would be a striking confirma-
tion of the ministry's conciliatory spirit.
The moilerados have organised electoral juntas in six dis•
tricts of the capital.
A boll and brsanotaos will take place at the palace the day
after to-morrow, which is the birthday of the Infants Duchess
of Montpensier.

Oi.r.or.NE Hot-sr.—The works on her Majesty's
estate in the Isle of Wight have been rapidly progressing.
The old mansion, known hitherto as Osborre House, has,
since the eltnorture of the court, been taken down, and not
a vestige of a former building remains. The ground has
been excavated, and prepared for the foundation of what
will be the front elevation : and we Wants Adrertiscr)learu
that Prince Albert, and probably accompanied by her !da•
jesty, will pay a short visit for the purpose of laying the
foundation stone. The prevent intended elevation will be
connected with the extensive building lately erected in the
rear, and, when the former is complete, will form the main ,
building or body of the new Osborne Houle. The west wing,
on which is the tower, has been inhabited for sometime past
by the royal family when In the island, and will also be con-
nected by a corridor to the main building. When the other
intended wing and clock-tower are erected, the whole will
be one of the handsomest marine mansions In the kingdom.
The building is in the Italian and Grecian styles.