The Express.
London, England, 1849-02-14 00:00:00

FRANCE.

r Ain, TI7ISDAY, 6 P. 711.
The democratic parties hid last evening all
rallied to anew amunimantol "Whammies was given
by M. Lenard, its steed Wog to 4oarn. the third
et tin Lottha ei Lanjmnam until
tesabilittepsdhinalm "1111141dals OA lad
the
to dhow tbo ass liodlporook sod all the
repabiliaar ant deasei slake were unanunoos in
suffeetkg the gimmilmot.
Tide maim imwar 2Lememienard,ate traimeing So
ria:b="ll
sill seer So Into el the
*keg Mogikhoo poiposi enether• e=ttir to
Milk IMS diln take place oos as after
the MIMS Medea of the abetted law, and an
dia% et the bile almaisimed he the elation et the Pre-
si
L the Mimed Amu* today nothing of interest
had 'seised up to the lies at which our reporter
elated his deopitehan The debate an the (manias-
ties fifths mob of law had alone engaged the atten-
tion dpi elhimber.

It is said that M. Thies will be proposed by the
usaisrate petty for the presidency of the Assembly ;
bat it isway supposed that there is little chance
et his sleeted.
The Mete on the prepsslllon for the dissolu-
tion of the Ammably is lid it to morrow.
Last matins after ewe merit had closed his des-
patches, M. Oerern edema* inisisellations to M.
0. Barret to the Chamber ft** ect of Marshal
Baguets speech at Lyme, siklllg president of
the council whether he approved of the speeches
delivered by the marshal After a short and
desultory debate, M. Coralli moved the follow-
ing resolution : "The National Assembly, con-
sidering the explanations of the President of the
Connell m a disavowal of the language attributed to
Marshal Begeaud, purse to the order of the day."
I.lpos whisk M. 0. Basset mewed the previous ques-
tion, which was carried by a 397 against 285.
The fund' continue to rise to-day at the Bonne.
The Threes closed at 4&75, and the Fives at 80.10.
Bank Shares, 1826.
. _

The report.of the governor of the Bank of Franoe
was pubhalted yesterday, and contains the following
summary of thee:et effects of the crisis of 1848, which
cannot but be read with interest :

In 1846 the high price of provision*, and the importation
of great quantities of corn, re-acted on the Bank. The
reducing our reserves, by the rapid withdrawal of 172 mil-
lions of cash almost all for expertatkes, the purchase of
forty-five mallow of bullion were the massgmeness of these
events, In this year the operation of the Dank amounted to
one thousand seven hundred end fesendrein* 'millions. In
March 1847, the Beak sold le the Russian government two
millions of manes of " mates " for about fifty millions. This
served to discharge the balance of debts due to foreign
powers for grain. Liberated from this debt camases re-
sumed its wonted course, and symptoms of spleuladve
trading exhibited themselves, which were discouraged by the
Sink. The discounts attained an amount of one thousend
eight hundred and fifty-three millions. On the
24th of February broke out the revolutica, and
necessarily produced a great disarrangement of all transac-
tions. Dangerous theories soon began to be broached de-
structive dell the rights of property. Under diffennt forma
the re creation of assigeats was demanded. Alarm ensued,
and the bullion was rapidly being withdrawn from the Bank.
The Batik had passed through the events of 1815 and 1830
securely, and without any change in its accustomed sodas et
Weiner, but it was almost impossible for an establishment of
credit to resist at once a political revolution end the menace
of a modal aaavalsion. In February the bullion amounted
to two hundred and twenty ell millions, and the Bank un•
&nook to meet the &manta ea it in cash. After SOON days
the crisis redoubled in intensity. From the 26th of February
to the 16th of March, the Bank discounted in Paris ten mil-
lions. It repaid the Treasury seventy area millions ; lent to
the Tremarjeleven millions. In the fourteen towns in which
it had breed:es it discounted forty-thyes millioos. By
discounts made in Paris, it endeavoured to prevent
the ampsnaleas of payments in the banks of Xenon,
Havre, die. From the 26th of February to the 14th
March the oath in the Bank had diminished to seventy mil-
lions. Additional clerks were employed es cashiers to pay
on behalf of the Bank. On the 16th Marsh more then ten
millions were paid in cash, and on the evening of that day
only fifty-nine millions of bullion remained. It now be-
came necessary to take some decided step. Bat what ?
The Bask could wind up its affairs; it had abund-
ant means to satiety all its creditors within two
menthe, bat it had other duties to fulfil.
The various manneereial establishments, the manu-
factories, the public service, the army, the ateliers nationals:,
the railroads, canals, and a host of other things were de-
pendent on the assistance of the Bank, which alone possessed
a sufficient amount of available means to meet the exigen•
cies of the than In the night of the 16th March, a decree,
at the Manes of the eounsil-general of the Bank, was
, suspending its oath payments, and limiting its
gassed,
sedto three hundred and fifty millioas. The emission of
small notes of twenty-five francs was demanded, but refused
by the Bask, en the ground of their aiding materially the
exportation of specie. The object of this decree nap partly
to relieve the Bank from parting with its specie, and partly
to furnish the Treasury and commercial establishments with
cash to carry on their operations for the moment. All this
it had to do and yet retain a saMeient amount of specie in
hand to render its situation safe and solvent.

Peep Pp. 13. Dew Leen. —; Three pc Dente, 48 30;
Thee per Ceara. 80 3 ; Let Leo, 80 —; Poem Help=
Mee. 1840. 90; Do. 1844 90; Do. Tour.eade.liel; 83 ; Ds.
Tere.aag.e.lialf, 48 ; !Ivies Mfr.— ; DPP Lows. 68;
Term, Deed.. —. Meek 11=1,1113. isehaspe an Landes
/0 dye,SS VI; 90 dent, 2
PAM, Tra.l3.—Perie and 7111 10; Tale sad Ems,
47100; Seep mai Nam. DI2 80; • Dead Kaneilke, 178 73;
entsbasse rod Bak ID; Wipe sad
Deekrpe. —; Denikess. 4Si 70 ; AMIN 421 73.. 383; CAPP,