The Express.
London, England, 1848-10-11 00:00:00

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662.] LONDON, WEDNESDAY, OCT. 11, 1848. I THREEPENCE.

THE PERFErCT SUBSTITUTE
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LATEST FROM PARIS.

PARIS, Tirsevar, 11 Le.
The journals of this maniac confirm in substance
what I gave as reports credited in my despatches
of last evening. It is positively true that, after
the check of Saturday, the ministers tendered their
' resignations, but that General Cavaignac resolved not
to leave the goverumest until the constitution ahouki
be declared and a president appointed. He accord-
ingly refused to reams the resignation, declaring that
he would apply to the Assembly to entreat
sad recommend that the sonstitution shall be
proceeded with and declared with se little delay as
possible, and a president immediately afterwards
elected. In accordance with these views, the Com-
mittee of the Constitution came to the decision which
I announced to you hat evening, to maintain before
the Assembly the 119th article of the project unal-
tered, which is to the effect that, immediately after the
constitution has been declared, the nation shall elect
a president, and that the Assembly shall, meanwhile,
coo anne to exercise its functions in passing those fo-
rum laws which are necessary to complete the con.
natation.

The discussion of the constitution will be suspended
today, for the purpose of discussing the project
" credit fancier," a system which will consist of
of transferable mortgage bonds, secured on
property. These obligations will in many
_lints resemble exchequer bills, bearing an iidertad
of so much per day, which will be payable half-
yearly, and be collected from the proprietors by the
sista

rir VIII BEST BL•CI. TEA,
wri tea
mirsoiritgal rturterrAm
IY~
=VI4/tit.
diew_Waralternial. tarrorspo.
ildiamsing torta ll=l6l
.Mrk eel*.
Eger Apr r jiarrlelt
Learalinglitrentriagib Cer.o

AILY NEWS and EXPRESS. PARIS.—
ts
wen OYFICIL—CIte Wade, 13, Bookman dela Itada
11. DI DERNARDY, frees LONDON. ACCOUNTANT,
lON add GENERAL AGENT, barter? male orranroseete
of the DAILY NEVIS out REPRICES LONDON
MO irrtirEVEN IMO PAPERS, receive. order. for, and
PRANCE hordes/t and the DON-
NE
nggitt PaPm
OP E.
r. De Derverlr aIM) dadaists to earn mad forward advertise-
meets to either eras stare toereala

NEW EDITION. REVISED AND ENLARGED.
New rawly Mita, maim Are,ll,3o)cirrise•Am.. Guth IGlonol,
DIC TIONARY EH and RO %lAN
ANTIQUITIES. By Taylor WOW% Edited by Dr. W.
mos. Named &Man. mind and adarsid Monlaisd RV •Pwsols
of At atimlep not wood.
barks: TA.Ww. Walton. sad *AMY. IS. Upper (lowersiremt. and W.
hplans, Palsrmosteprov.

of the
a art
holed

The ezeimittee of finances wu occupied yesterday
with the project of decree concerning the property of
the ex•royal family. The decree maintains the
sequestration plead on the property, but authorises
the state to mortgaje and borrow money on it to
pay the creditors. The minister of finances will also
be authorised to pay a provision to the members
of the royal family. The committee heard the
explanations of the minister of finance and of M.
Vavin, liquidator of the civil list. It appears that
the amount of the ex-king's debts is thirty millions,
whilst the sums received up to this time do not ex-
ceed 600,000 francs. It will thus be necessary to ob-
tain a loan in order to pay the creditors until the
property can be disposed of. The income of the pri-
vate domain, which amounts to about four millions,
does not exceed, deducting charges, two mllions and
a half.
The report of M. Parien,on behalf of the committee
on the income tax, has been distributed to the
Assembly. The committee admits the principle of a
tax, in a uniform] proportion of 3 per cent. on
income, but without including profits derivable from
agriculture, the wages of workmen, and incomes
below 400. 600, and 800 francs, according to
locality. It proposes a tax having a fixed rate
in proportion to the income, instead of the tax by
way of-distribution proposed by the government, and
gives to cantonal comma/non. the initiative of fixing
as amount of income of each citizen.

TI7aSDAT, 6.30 P.M.
There is still considerable anxiety manifested on
the subject of the presidental election, yet there was a
rise in the Bonne, towards the close of basins, this
day, of nearly one pee cent.
Since the foregoing was in type we have received
the following:
"The ministerial crisis seems postponed, all the mi-
nisters having consented to retain their portfolios pro-
visionally. Some doubt", nevertheless, are thrown on
MM. Senard and Gondobaux, who, according to some,
still desire to resign, in that event it is said that
their portfolios would be given to MM. Armand Mania
and Defaure. The entire arrangement being under-
stood to be altogether provisional, the whole cabinet,
ineluding General Cavidgnse, intend to retire on
the election of the president."
rim, OCT. 10. NSW Low, —; Three per dad., —;
Filo per unto. ;Ice Law ; Poore, Belgian
Mee% 1940, 75 ; De. 1012, 75 y; Do. ; Do. Two.nad.s.
MeV, —* 7i441.6.011 Bader. —; Roma Lama, 54; Tremor,
14nds, 3 Bean IRWWW. liaoll.l on Lemke, 10 dap,
143 374; 90 23 1174.
RAILWYS.— mad Orleans, e2e ; Paris sad Rosen, 373;
Rouen nest Berm 113; Miran rad Marealka, 175 73; Strasburg
sad Bele, 00; OMR, (Vierzen), MIS 25; Loam sad Boulogne,
—; Bordeaux, 371 23; North, MM.

Oar correspondent, limiting from Madrid the Stb
inst., says :
Figueroa is come beak from Grenada, and resumes the
War portfolio, which had been, daring his absence, com-
mitted to Nervon. It is net the Coma of the' Valley of
John, it seems, who romped from the ship that was to
lees hint to exile in the Canaries; bat Finuerolo, on
diem that wee arrested some time bark at the depot of
Aliases. For regaining his freedom, he is stripped of his
mink and honours. Ten of the loading liberals of Pont*.
vedro were arrested on the 27th. A second conspiracy has
been discovered at Airdrie.
Kum% Ocr. 3.—Three par Cade. 19 Me lee.; alter Balsa,
191 ash. Five per (beta, 101 paper; after Bobs, 10 peper. }m-
il gape ; eller Bola% 31 eama. Opapana, I paper. Beak of Bt.
paper. Latham. ea Looks, 90 dap, 41 SO oat.