The Express.
London, England, 1846-09-07 00:00:00

LATEST INTELLIGENCE.

THIS DAY, Four o'Clock.
By express from Spain of the Ist of September, rig
Paris, received at the Chronicle office, it is announced
that M. Isturitz has resigned his post ab Prime
Minister, and goes to London as Ambassador in the
place of the Duke de Sotomayor, who is recalled.
Further changes in the Ministry are expected. Tho
successor of M. Isturitz is not jet known, but it is sup•

wock. lie goes' back at the request of the French
government.
The excitement on the subject of the Montpensier
marriage continues unabated, and the opposition to
it is daily extending in quarters where no such feeling
was expected.
Mr. Bulwcr had an interview with M. Isturitz en
the subject of the marriage, and the explanations on
both sides arc said to have been very violent.
The Espagnol says, that M. Isturitz expressed his
fears to the French Ambassador that they had gone
too far in settling the marriage of the Infanta
and the Duke de Montpensierwithout consulting the
feelings of the country, and that M. de Bresson's
answer was, "What France has done with the pen,
she knows how to maintain with the sword."

On Friday we were enabled to publish intelligence
from India, which reached us in the course of that
day by Special Erpress. Our despatches were in an-
ticipation of the ordinary overland mail, via Marseilles,
which was only delivered this morning. We have
now complete tiles, but they add little to the intelli-
gence already communicated. In Bengal there had
been a heavy fall of min, and it was feared
that the Indigo crop must have suffered. From
Calcutta we lam that commercial prospects
were, improving. The pressure on the money
market had been seasonably relieved by large remit-
tances received from England.
There are accounts rn the American papers from
Tahiti to April, 15, which state that " the natives had
made a vigorous assault upon the French garrison,
and had driven them from the land. The European
residents had been compelled to flee with their effects
on board the French vessels-of-war. After the eva-
cuation of the town the French vessels, opened a tire
upon it."
According to the Moniteur Akerine of the 30th
ultimo, the deira of Abd-el-Kader was then encamped
at Ain Zohra, on the territory of the I\ Italoas, within
eighteen leagues of Thaza, a place much frequented
by the Moorish tribes ofihe east and a great number
of merchants from Fez. The Emir was using his
religious influence to procure fresh resources and
recruit his cavalry. The troops of tho subdivision of
Tlemcen were stationed along the frontier, and General
Cavaignac was closely watching the movements of
Abd-el-Kader.

Letters from Naples announce that the extreme
heat had entirely dried up the country parts. The
peasants could find no water for their cattle, which
were perishing of thirst, and making the tar resound
with their cries. The shepherds saw their sheep
dying daily before their eyes tor want of pasturage.
The government was occupied in dispatching water
to the districts which suffered most from the
drought, at a certain rate of quantity per family. In
some parts of the country water was sold at the price of
wine. The capital alone was exempt from the sufferings
of this extraordinary drought, which had already led to
tumultous movements among the people. A vulgar
opinion had spread that Mount Vesuvius had dried up
all the water in the country surrounding it. The vol-
cano was emitting out neither fire nor smoke, and this
gave rise to the fear of a sudden and horrible eruption.
It was stated that the volcano was throwing up from
time to time quantities of boiling water.

COMMERCIAL 4- MARKETS.
MONEY MARKET & CITY INTELLIGENCE.

Quarter to Three o'chick.—Although scarcely any
business can be reported in the funds to-day, prices are on
the decline, said to be occasioned by the rise of prices in the
Corn market. Consols are heavy at 96 to i for money, and
961 to for account. Reduced Threes, 961 to 1. Three-
and-a-Quarter per Cents, 981 to 1. Exchequer Bills, 15e.
to 19a. premium. Other prices as per the list below.
The intelligence from Portugal this morning of the extra-
°reline: y measures resorted to by the government for raising
the way, and means, at the expense of the foreign creditor,
could not but have a prejudicial effect upon the marketable
value of Portuguese bench, And this effl et was the mere serious
as the cause was wholly unanticipated and unsuspected. On
the contrary, the bondholders had been encouraged, within a
few days only, by a published letter of Count Tojal, late Mi-
nister of Finance, to entertain the greatest faith in the stability
of Portuguese finance, and in the resources of the treasury for
facing ail claims and dividends, if not as well in the inten-
tions and good faith of the gavernment. It is not easy to
divine what motives could have led to the publication of such
a lett. r on the eve almost of the issue of such a decree for
for taxing the stock t f the foreign creditor ; the Count, how-
ever, it may be said, does not obtain the advantage of the
best construction on the Stock Exchange. It would
be manifestly unjust, however, to attempt to fasten en
unworthy insputation on mere suspicion upon one who
was acting patriotically and in good faith upon con-
victions, arrived at as the results of their own know-
ledge and expetience. The result, however, was not
the less mischievous, for it induced parties to purchase
into Portuguese stock for investment or otherwise, at the
enhanced prices consequent on the letter. The 4 per Cent.
lattnds rata from 44 to 48. To-day comes the decree levying
a tax of 20 per cent. on the dividends of the foreign creditor,
and the bonds have fallen to 42 to 3, at which they are
ssarcoly saleable, at least to any extent. But although
Count Tojal may stand acquitted of any reproach on that
head; he will hardly comprehend the necessity- of replying
to, and explaining satisfactorily, that portion of a Lisbon
letter in a morning paper, in winch it is distinctly
asserted that " it was the intention of the late government
(of which Count Tojal was a member) to have suspended
payment of the interest of the debt tor a term of three
years." Here this Portuguese mystification may be left far
the present.
The decline in Portuguese extended to Spanish, the Fives
being' 61 to 7 ; the Threes, 381 to 1. Mexican nearly as
before, 26 to 1. The fist below contains the general
quotations.
Half-past Tiro.—Aoeording to advice. from Berlin
to the beFinning of this month, the crisis in money affairs, far
from having subsided had become more aggravated. Railway
shares, before so much and greatly depressed, had again
3,4, and even 5 per cent. The Three-and-a-Half per cent State
Bonds had declined to 921. In these circumstances seve-
ral of the most influential members of the Exchange
waited upon,tl,e Minister of Finance, to impress upon him
the necessity of interference on the part of the Government
for the relief of the general distress. The answer was, that
he was too recently installed in, and too little familiar with,
the duties of this new office, to be able to devise the necessary
steps for dealing with such a disagreeable conjunction ; that he
would therefore prefer that the members of the Exchange
should meet, and prepare certain specific propositions for his
information and action. In consequence, a meeting was con-
vened, at which were present all the high financial notabili-
Vero( the capital. After three hours of discussion and
deliberation, an address was unanimously agreed upon,
embodying the six points following :-Ist. • The as-
sembly considered, as one of the first and, PrinesP6l
cases of the actual distress, the law of the 24th of May,
1844, for regulating the negotiation of stock and share
business, by which baraaina for time were prohibited, the
effect of which was, to shake all confidence. The repeal of
this law was urged to be necessary. 2ndly. The ,