The Express.
London, England, 1858-06-12 00:00:00

THE EXPRESS, SATURDA'

will infallibly and inexorably eondemu and ',ankh
the foreign policy of another Adininiatnlika;
should it incur a like reproach egatfiing Amtria.
The national feeling of En€,Wid ti" eeithe( Wklg
nor Tory ; and whoever cry by ipAtilee, or wkggirer
may be in opposition, OIL °pintas iIL male f Teel(
felt, and will enforce obedience to its mandates with
more and more precision every day. Secret ander-
' standings and confidential compacts between lordly
linden on opposite sides of the House will no more
emceed in binding or in blinding an awakeni,:ig
people. Courtiers and cabinctmongers may seek
their diplomatic accomplices and confidant" where
they will; but the nation has its allies—the free
allies of its free choice—and it will neither abandon
nor betray them.

finaannotrinits in the London General Omnibus
Company will lea= with satisfaction that arrange-
ments are at length in progress for registering the
Company with limited liability, under the English
law. The matter has been urged upon the attention
of the Genstar and Council from many quarters, and
the alleged willingness of these gentlemen to give
way forms a tangible and valuable result of the recent
agitation. It is a pity that the point was not conceded
in the last report of the 04rovits, whose offerutiroly
vague remark that " a day will doubtless come when
that question will be submitted to you at an extra-
" ordinary general meeting" occasioned much diarist
amongst the shareholders, What the latter will

vow look for is the prompt carry big out of the reso-
lution, whirl may be ooseidered to have bee* vir-
tual', mod. It is anderatood that the GOrants
and Oseseall themselves admit the propriety of
the step; surely, therefore, the r plaite forms
will be gone through as quickly as possible.
It is really aboard that this Company, whose
operations are solely congaed to London, and
whose shares are moat extensively held in
Lagland, should have its seat of management in
Paris. Let it not be objected that the French share-
holders will oppose the alteration in the constitution
of the undertaking. A recollection of the circum-
stances connected with the previous meetings of the
shareholders in Paris is sufficient to proms that a
motion to this effect will pass almost without pies.
tion, provided the Council will introduce
and support it, as we consider they are
bound to do, in justice to the English proprie-
tors. The very last meeting of the Company, held
in Paris, was necessarily adjourned for some weeks,
owing to the circumstance that the number of shares
• deposited, in signification of the attendance of their
owners, was inadequate to render the meeting legal.
It is one of the most objectionable provisions of the
I French law that the decisions of the second or ad-
' journed meeting are legally binding on the Com-
' pany, however small may be the attendance. The
• formality of being required to deposit shares,
in order to secure a right of admission
I to the meeting, seems ingeniously devised
I with a view to throw obstacles in the way of the
1. shareholders. The whole arrangement—in which,
be it marked, the French law, and not the London
General Omnibus Company, is in fault—tends to
place the management of a Company solely in the
hands of the °framer and Council, who, at a snug
little parlour meeting, may regulate all their
little affairs in the most comfortable way
possible. What valid reason could there be
for preferring this system to that presented
in the new English law, conferring limited
liability? The French shareholders themselves
ought to be eager to have the alteration carried out,
having regard to the real control which the general
meetings in London will then possess over the ma-
nagement of the Company.
If the English shareholders are wise, however,
they will regard this promised concession ma merely
a stepping-state to investigation and reform.
There rarely has been a case in which united
action on the part of the proprietors was
more nsesessry. The fall of the shares to
something like 40 per cent. discount in the mar-
ket is surely sufficient proof that the under-
taking has involved itself in public suspicion and
discredit, despite the promising statements put for.
ward and the high rate of dividend declared. It is
true that the last half-year's dividend was at the
reduced rate of 6 per cent. per annum, but the dis-
tribution for the whole year 1857 was 8 per cent.
!Supposing this rate of profit to have been fairly earned,
the depreciation of the shares becomes only the more
remarkable, and the propriety of a public investiga-
tion the more evident. But the fact is that every-
body is incredulous of the bona fides of the dividend..
The Company's accounts must be framed upon a dif-
ferent principle, and avast dealof improvement must
be introduced in the shape of independent vouchers
and independent audit before the undertaking will
assume a good position in the estimation of
the public. We warn the shareholders that,
when a Company once sinks into discredit,
its restoration becomes a work of greater

difficulty every day that it is delayed. Let them take
vigorous measures to remove the canker that is eat-
ing iota their property. The modus operondi is
dear, and has often been pursued before in similar

same. It will be easy to organise a nucleus of
agitation, to invite a general meeting of the share-
holders, and to being a powerful and legitimate
influence to bear upon the (Urania and Council.
It does not follow that any Committee which
may be formed must necessarily be hostile
to the present administrators of the Com-
pany. We have no great idea of the utility of com-
mittees of " Consultation ;” but in the present
instance all the parties interested should work in
harmony, provided this desideratum can be at-
tained without defeating what ought to be the
principal aim of the movement, investigation. The
alteration in the Company's constitution once
effected, the next important step will be the appoint.
moot of a board of English directors, comprising
names of position and influence.
Unless this reasonable and practical course be
adopted, we can see nothing but discredit in store
lbr the Company. People will not lend • helping
hand to, or have anything to do with, an under-
taking which is notoriously tainted. The embarrass-
ments of the Company become the more a matter of
public concern because they must necessarily
involve, at least for a time, the extinction
of the hopes of ext..asive improvements in Metropo-
litan Omnibus accon:modation. We are convinced
that any usociation of this kind, if economically
established and well admieistered, ought to realise a
handsome profit. The mi.‘ortune of the London
General Omnibus Company consists in the gross ex-
travagance which has character:led its proceedings
from the time it was founded up to the present time.
Still the airmail earnings are so large, exceeding, in
the gross, the entire expended capital of the Com-
pany, that a much more promising future may yet
be is store for the shareholders. To bring about a
ch►nge, however, it is absolutely essential that they
put their shoulders vigorously to the wheel. The!'
policy should be—immediate, independent, and nom- I
bined action.

- • -
Mr. Thomas Alexander, C. 8., inspector-general of
hospitals, bee been appointed direnor-general at the Army
Modkal Download, rice Vr. Andrew Bmitb, resigned.

• 11.1411:D
OCCOPATNV
IMIGHtoi THE EMY,

DEATH OF Gy.NF.RAL PF,NNY.

The following Telegram from Acting Consul-
General Green wee received vi& Malta, at the
Foreign-offioe, on June 11th, at 'd.46 p.m.:

ALEXANDRIA, Jvil 8.
The steamer Bombay, with Bombay dates to 19th
May, arrived at Suer on the 6th inst.
Beretlly was occupied by the Norkee (forces ?),
under the Commander-in-Chief, on the 7th May.
Very Mks resistance was offered ; the garrison
having dispersed on our approach.
Daring the advance on Bareilly, General • (Penny]
was killed.

A detachment of 800 of her Majesty's 2nd Itegi-
went left to garrison Bhabjehanpor was surrounded
►y 8.000 of the enemy with 18 guns, but no fear
was entertained of their safety, as General Jones
had left Hareilly on the Bth May, and would be able
to relieve them oa the 11th.
Rohilcund is now entirely in our hands ; an

amnesty has bees published, and tranquillity is being
teetered.

Oude is also becoming quiet, and the landholders
are tendering their submission.
Sir Hope Grant, with a strong fora, guards the
road between Cawnpore and Lncknow. Sir Hugh
Rose advanced on Homes on the 7th May, and com-
pletely defeated the enemy, killing 700 and cap-
turing seven guns. He was within 14 miles of
Calpee on the 14th May, and it was expected that
Calpee would be attacked on the 16th.
A village in Central India was stormed after an

obstinate resistance, by a detachment from General
Rose's force, ander Colonel Gall, on the Ist May,
the whole adult male inhabitants being put to the
sword. /Ewer Sing has died of his wounds.
Sir E. Loped crossed :the Ganges on 2nd May,
relieved Arrah, and was to attack Jugdespoor on the
1 11th.

General Whitlock continued at Banda on Bth

May, awaiting the infantry of his force, which he
had oat marched ; on their arrival he was to leave
for Calpee. The disarming proceeds quietly in
Western India.

Berardin is in a disturbed state.
This intelligence goes forward to Malta by the
Cambria, with the Australian mails, which reached
Sues, in the Victoria, on the 6th instant. Greek
telegram arrived from Alexandria by the Cambria.
LYONS.

M• Repetition of thi. portion of derpoteh mended from
alta.

On swimAzima raummArz.)
(FROM OUR OWN CORRESPONDENT.)

MALTA, Jima 11.
The Bombay steamer arrived at Sues on the 6th,
with advice. from Bombay of May 11.
The Australian mail leaves to-day. Her dates
are : Sydney, April 11; Melbourne, April 16 ;
Sound, April 22. She has on board 123 passengers,
and gold dust valued at 114,0001.
At Bombay the Monsoon was expected early.
Trade wee dull, and the money market easier.
Freights were lower.

Unit Lyons and his squadron aro lying off Malta.

(Pran tie flirt' despatch.)

_ .
The latest dates from Bareilly are to May 8.
Brigadier Jones entered the town on the Bth.
The Commander-in-Chief occupied the cantonments
the same day, having defeated the rebels at the
Nuttema-bridge on the 6th.
On the 7th the whole of the oily was in our hands.
Oa the Bth Jones' column was despatched to
expel rebels from Shahjehanpore.
The enemy had re-occupied the town after the
Chief's departure, forcing the garrison, which con-
sisted of six companies of the 82ad, to take to the
gaol. Kban Bahadoor and the Nana had escaped.
Femora Shah was said to have fallen.

Our loas was very easell.
The reported loath of Nuns' Peony is confirmed.
His column joined the Commander-in-Chief during
his advance upon Bagellly. The general himself
fell on the 4th of May by grapeshot from guns on
the road. The guns were taken by a charge of
Carubineers.

MALTA, JUNI 11.

The Colombo arrived from Alexandria, and left
for Southampton at 8 o'clock, and at the same time
the Panther, for Marseilles, with the Calcutta mail
to the 14th of May.
All the specie but forty-three boxes had been saved
from the wreck of the Ana at Ceylon. James Swan
and Co. have failed there. Their liabilities are
86,0001., assets 22,0001. The prospects of the coffee
crop are goud.