The Express.
London, England, 1847-10-06 00:00:00

RXCHANORS ANI

tii il

SS V 5
114 Vl

sumac° oa London, 25 21, demanded.
Mom. Nosey.
Belgian 5,1610. „ ..... Ihi 2 Naples Henke lad 50
Do. 5 1512. ..... .. 100 il Roman Loan
Tozkesua."Bonde 6pet932ooooent
Roo: t .. . 91
. ..
MADIOD, BM. 29.—Three per Cents.. DR i; Your per Cent. 14 ;
my. pff C00t... 1"1: Psalm., 61 ; Coupons. 1 ; Dank of St. Ferdinand,
130: Dank of R. Isabella. In:. I.:clutnato on London. 40 on-10009_ .
Ye morons, Ocr. I.—.toot.Filo per Cents, 1040 mono': eon, nc,
Cent... P3f money; Ikninch Rail.. 901 money ; rod. Wm. North.
Roll, OH money :a Taunus /tall. ion nit I. 3401 bills, 350 money.
AIIST.ILAII. OCT. 2.—Act. lici,t, Twound.a.lialf per Cents, 640;
Ditto, Throe per Cents., 136 ; Ditto, Four per Cents., 81 11.10 ; Amon.
synd. &hi ; Commercial Company, 1641; Spranidi Fi,o per Conn. i Al,
dolnil4l ; Ditto Unlimited, 131; Ditto Int, 23 7.16 ; Coupons
I Ard '0,121 ; Muth. Porto...tune Four lorr CentA., 24,; Russian. 1530
and 1826, IOW; American Daub. 35. /:.chango on London . 2 months,
11.90 moan!: Ditto, short into. 12.71 tau.
Horn:no:a, (kr. 2.—Excbauec on London, too months., 11.9'1;
abort dates. Ind.

Tun PARIS BOMBE AMT. MONaT MARKET.—Our public
Rock and railway abets have *gain undergone a fresh and important
depreciation, whisk le still to be attributed to the bad Mate of the
English market, where the decline of Coombs make* rapid progress.
They fell oa So kayo BA The bankruptciero which succeed
cork other daily In Liverpool, and Manchester, intimidate
meculaton sad alias the int k credit of Great Britain. Such * series
of
dimatembris oist after no long a state of preeperity, is beyond
the intimacy el'ilMen. A year of bad harvests, an immerse. ape-
culatio• trearasint by a yaw of abundance, an over-great extension
gi•ea, as te mhoray works—the difficulties of the transition
from • mime to • rep ime of free importation, have
ocinikmad eammendal can
In Great Britain. Our inti-
mate ammeadon with this great commercial centre ex pore
us be bit the tiounteriatrokea of these catastrophe*, and creates on
our markets distrust which has long afincted our public credit and
our prints eiderpriere. However, we most Dot persevere beyond
reason in aggegiemiona which have not yet received any confirmation.
The cauesse/ this crisis set on our mart in so inferior a degree as
to be amble, by themeless. to Om rbe to any real inconvenience.
the hal lima*
dtea et INS has meineel ile vent effects; a year of
alinnibm" ammils4 bythe messores aimed by government relative
to the yistein of the fine bailor& at hobo awn, will =Sea to
daft, *EL No great house is koala to be plod In a preoirlors
Mtn by emu inoculation. Nor ham wee like our neighbours, peeled
the heats et soir means in the entermiee et estabbeiss new made et
communication. The weeks see Mewed up "Missive, sod without
interoptkoa.ThensiallsoMbilemmeregalarly than emsonipisted, the
mils whisk bomb= sielk In • weak es we Ware iehic we have
sonewilitm try the sitimhbowlish Menke Emilia market, and the
peels deny Ow aime mina; P. rd. even now merely yields to
the hit elate et Webs she he the leve'seetesof the we.
taveniable news which meselieekthe WNW inibwine. It Is, per
time te tree °undoes tam Sib bilemsee almis we see that.
till Dow, we are perfectly ma trim the tunetlY disistiesot Chest
Britain. Ills true that to this emeneelnine di rib is MIA Is
our favour, it Is replied, that the lonia piemmeat taw isslesibi
their leen, whereas ours Ms net yet bum dated, ear Ike spa et
which the laptetrot sposan to to ha oboe Is son witembin.
That u the germ Thy oh me Mask gore dm Warily. UOa he
= I,..Oltoadootloo.paa*oodose govenneent to come OD gem
dro ort a olowor it may be, it an but pale nee
IMAM IR sigmas more solid. and more favourable to piddle abet
and to camoonalddo

SPANISH DEBT.—Sir,—the recent decrcee and
plans of Senor Salamanca can inspire no confidence whatever

in the Spanish public creditors generally—they are, as all
previous schemes of whatever Spanish financier hove been,
partial and exclusive In favour of tome limited interests.
The 3 per cent. stock is here Salamanca's one bantling to be
cherished, while every other claim is to be left to vegetate
upon hope and expectation, as heretofore. But why, it may
be asked, are these 3 per cents. to continue for ever thus
preferred ? Tory were created for the undue preference of
the interests which fell due, chiefly on French anti consti-
tutional loans from 18:36 to 1810, while the elder interests on
English loans, of a different character, wore, so they yet re-
main, cheated of the compound interests accruing upon them.
This first creation of 3 per cents., thus founded in fraud,
amounted to seven millions, nominal, sterling ; whereas, by
subsequent issues in favour of the home creditor, and heaven
only knows of what corruption and rapacity besides, the
3 per cents. are now swollen to no less than about thirty-
two millions! If Salamanca really meant anything solid
with regard to the debt in general he would scarcely pro-
pose schemes to benefit one portion only ; and it is strange
that he should expect "to satisfy hopes legitimately con-
ceived, and put a term to fears, and re-establish confidence
on which the value of state paper depends," by confirming
and consolidating the scandalous system of prefererce
upon which the 3 per cents, are based. If Senor
Salamanca had used these fine phrases as the clear
exposition of his thoughts, and not rather, as may be
feared, their mask cir Espagnol, in financial matters, he
should have begun by suspending the payment of the 3 per
cents., in order to reconstitute that stock upon the same '
footing with the general debt, falsely termed active, or legi-
timately entitled to be so really; and should have propounded
a general re-arrangement of the whole, to take effect from
the same time and upon the same terms. What he says of
" rights" (as to the per cents. it should be " wrongs ") in
possession is worse than nonsense, when he and his predeces-
scrs have over and over again disregarded the rights of every
class of creditors (except those benefited by the 3 per cents.)
from the year 1820 down to the ?resent time.—A Dvrxu
CREDITOR OF Spate.—Ott. 3.—P.8. It will be curiont,
inter also, to learn how Senor Salamanca will expound and
satisfy the hopes legitimately conceived of the creditors in re-
spect of the interest overdue from 1823 to 1834.