The Express.
London, England, 1867-10-17 00:00:00

EXPRESS FROM PARIS.

(mom ous OWN conseronnuarT.)
PARIS, WED:MN/AY EVENLNG.

The Emperor and Empress and Prince Imperial
left Biarritz yesterday morning at 9 o'clock direct
for Saint Cloud, where a council of ministers will
be held to-morrow.

The Empress Eugdnie will preside on Sunday,
the 27th, at the distribution of rewards decreed by
the Society for the Protection of Apprentices and
Children engaged in Manufactures, to such per-
sons as have by their exertions tended to improve
the moral and material condition of children occu-
pied in various departments of industry. About
10,000 young people will assemble on this occasion,
and at the close of the ceremony a cold collation
will be provided for them. " The action of this
protection society," says the Empress, " tends to
the gradual introduction of new habits of life. In
this way the law, as too often happens, will not
anticipate the progress of good morals, but, on the
contrary, it is this improvement which will call
forth the operation of the law, the success of which
will thus be assured."

Letters from Toulon state that great activity
reigns in the arsenal and in the military port.
The Italie published in its number of the 14th
intelligence of a serious check which the Pontifical
troops had sustained before Nerola, thus confirm-
ing the news which has been previously published.
The accounts from Florence and Rome equally
concur in this statement of the fact.

" Garibaldi,"aaya the COnstitutionnel, "continues
to launch from his island of Caprera proclamation
on proclamation. There is no question either of
king or government, unless indeed it is by way of
allusions which seem to confirm what has been
said for some days past as to the anti-monarchical
character of the insurrection of the Garibaldian
bands. On this subject let us mention that certain
publications now urge the propriety of the entry of
the Italian army into the states of the Pope, and
justify the step on the ground of the republican
demonstrations made by the red shirts."
It is well understood in Paris that France has
definitively declined to accede to every proposition
for any alteration or interpretation whatever in the
convention of September ; and the government has
made known to Italy that she will resent any contempt
or infringement of an act which bears the signature
of the French empire. It is clear that the Italian go-
vernment hesitates to break with France. " Italy,"
says the Prem., " must adopt one or two alterna-
tives—either to acknowledge herself powerless to
keep her engagements, and allow France, in virtue
of the freedom of action which she has reserved to
herself, to compensate for her weakness and Inca-

pacity, or violate those engagements which all::
cannot carry out, and thin; give rise, for the advan.
tage of the French government, to the moat legiti-
mate calms kW."

There are rumours in Paris to-day that a note
from the Prussian government has been received in
this city bearing on the affairs of Italy.
The aspect of the Bourse is worse to-day than
yesterday. To the unfavourable reports from Italy
are superadded information of a disquieting nature
as to a less pacific tendency on the part of Prussia.
It is said that Saxony is threatened with annexa-
tion, pure and simple, to Prussia, and that her
autocracy will be annulled. However this may be,
quotations were all lower at the opening. Threes
began at 67fr. 80c., fell to 67fr. 64k., and finally
closed at 67fr. 62ic., a fall of 20c. from yester-
day's rates. Italians, which left off yesterday at
45fr., began at 44fr. 50c., went up for a moment to
44fr. 65c., depreciated again to 44fr. 20c., and
finished at 44fr. 55c. The intervention of France
is a subject of much conversation among the specu-
lators for the rise. Credit Foncier have gone down
21fr. Very little was done in Credit Mobilier, and
prices of all securities had a downward tendency,
the market closing very weak.