The Express.
London, England, 1858-09-10 00:00:00

THE POLICY OE TILE &41LW418.

At a meeting of directors and other repreeentativee
or railway aempries, bsid Mt tie Harr Hotel, London, am
the 9th Septerbsr, 1838 ; H. 8. Thespian, Esq. (Chairman
of the North Eastern Railway Clampaoy), to the chair ; the
followisg companies were repremeated —Landon and North
Wirers, the Marqois of Clharks, chairman, Mr. Toots!,
Mr. Soiwart. Midland, Mr. Beals, chairsiaa, Mr. Hatch-
lawn, dopatrabstrinan, Mr. allpart, Mr. Naar-
cribs. North Esatern, Mr. Thompson, rams;
Mr. Lemma. aspary-caartnaa. Laacaabire and York-
shire, Mr. Kama, vioe-chairman, the Mayor of Li-
verpool, Mr. Meow, Mr. Anderton, Mr. Hannan.
Greet Weston, Mr. Williams, Captain Bakery. Oral
Horrors, Mr. Disilltle, M.P., charms; Mr. Welber, Mr
Seymour Clarks. Eat Lemerliko, Mr. Dues* char-
isma, Kr. Riley, ilopaty-abahasea. Manchaster, naiad,
mad Lisseleakirs, Mr. Gambia Mr. Les. North British
Mr. Heipea, eikeirmaa, Mr. Hawbaker. Lancaster mad
Carlisle. Cased Keeler, Mr. Bolden. Olearter mod
Booth Weans, Mr. Orr, Mr. Playfatr. Oxford, Watorter,
and WellidleMlooll, Mr. Fenton, chairman, Mr. Wald&
Mr. aberriff. Birth Yorkshire, the Right Hon. John
Parker. bedlam cad Darilagtort, Mr. Meyoell, charisma.
intrewsoury sod Hereford, Mr. Williams. Birkenhead, Mr.
esliebery, M.P. Ht. Heirs, Mr. Holland, vice-chairman,
Kr. %arr. Cali& and Moth. Mr. Irving.
The CNA11111•11 stead that be bad roared areas to the
cemeltalkes pared at the lest resting, from tighter
otapeada, nreweatlag an amount of capital exceeding
160,000,0001.
Tie following resolatirns were then moved :

I. That the enbis sad firer✓ on the several Tatlorays of the
kingdom should be so fixed as to realise the largest amount
of net protts, dna regard being had to the ictaterts of the
public.

_
Canted—(oas spry dissentlne).
2, That where say tire or sere companies interest*l In
►q partieukr traffic fail to ogres among tbeceselves as to
the totes and fares to be churl, the pinta in dispute shall
be referred to arbitration.
Carried—(foar companies diessaties).

11. That whore two or non routes aziet between way two
palate, the rata, fans, sad charm between each point,
shall be equaL

Carded—(ins compsnlee not votiog).
4. That this miestlesr strongly recommends the settlesnist
of all differences between railway companies by arbitration,
Maud of by reoonree to law, or to excessive and ruinous
competition, and that powers be sought for from parliament,
in the easniag session, to enable any two or more railway
ompanies to settle all disputes by arbitration.
Carried unanimously.

8. That • committee consisting of the chairmen (or other
directors) of the assenting companier, with the addition of
the Mayor of Liverpool, the Right Hun. 1. Psrkar, Mr,
Leeman, and Mr. Wilson, be now appointed to prepare a bill
for presentation to parliament, with power to add to their
number, and to appoint en executive sob-committee.
Carried unanimously.
1

6. That this meeting be adjourned to Thursday morning,
the 7th October nest, at the &Won Hotel, at 10 olock.

H. S. THOMPIIO. X. Cilltinalil .

Moved by the Marquis of CHARMS, wooded by Mr.
WlLLlAllll—capported by Mr. Denison and Mr. Beale, and
curio! unanintowdy,—" That the best thanks of this meet-
ing, and of the proprietors of the railway tomperty h.•rs repre-
sented, are imminently due to the chairman for the !neat *err-
atum' he has need to originatiog and perwmally promoting
the objects of this meeting, and fur his conduct in the chair."

EXPRESS FROM PARIS.

BANZ OF FRANCE.

AND ilrnsi

PARIS, FRIDAY 3101. tINO.

The Moniteur publishes the monthly returns of
the Bank of France to yesterday, Sept. 9. We give
the most important items, with the corresponding
figures of last month is regard :

_
- Sept. Aug.
Coin and bullion, Paris 287,284,694 .... 284,933,480
Ditto ditto branch banks
Bills discountad, Paris 170,692,694 .... 181,801,992
Ditto branch banks
Notes in circulation, Paris and

branches
Treasury depolits
Private &poets, Paris 166,668,262 .... 160,279,600
Ditto branch beaks
Advanaed on public securities 34,819,700 .... 31,763,300
Ditto by branch bank'
Advanced on railway securities 40,890,300 39,823,100
Ditto by branch banks
The principal feature in this return is the further
increase of no less than 1,280,0001. in the coin and
bullion. The aggregate is thus raised to the un-
precedented sum of 23/ millions sterling. The bills
discounted have at the same time decreased nearly
one million sterling—a sign that French trade re-
mains dull. In the note circulation there is a small
increase.

(rime atm OWN

PARIS. THURSDAY EYRNINO.

The statement contained is a postscript to a Paris
letter in yesterday's Iredlpendarsce , to the effect that
M. Deltas, a French consular agent in the Rest,
and h;ir wife, hat been cut to pieces by the Mused-
man populace, and that a young girl had been
violated by them, is considered to be a fable. There
is no French consular agent named Deletes, end
nothing whatever is known of any such story in
official quarters.
A Paris letter in the Indlpendance of Brussels
says:—" Priuce Napoleon has obtained in favour of
Algeria the application of a principle which, joined
to the limitation of military powers already decreed,
will exercise a favourable influentse on the govern-
ment. All the ports of the coast are to ;be declared
entirely free. The Prince-Minister appears not to
have succeeded in his liberal and intelligent views
without a conflict with the Minister of Finance and
the Board of Customs,whose views are protectionist."
There is not a word of confirmation dais important
statement in any Paris journal.
The Bourse was rather heavy to-day at the open-
ing, but rallied when the news came that the Bank
of England had lowered its discount. The Rents
rose 15c. for cash, end sc. for account, closing at
72fr. 15c. and 72fr. 45c. Mobilier rose 2fr. 50c.
The Lyons Railway rose 10fr. There was very little
change in the other lines, but they all left off rather
higher.

A judicial inquiry into the cause of the railway
aocident at St. Germain is going on. It is said that
the guards of the train depose that none of the
breaks were broken. They pressed them with all
the force they could, and cannot tell why they failed
to stop the impetus of the train u usual. The en-
gineer who WWI in waiting for the train saw, from
the unusual rapidity with which it deaoended the in-
cline from St. Germain to the Pecq-bridge, that it
was ukely to run into him, end he made prepua-
tione for moving off, but it WM too late. It is said
that the number of deaths up is the present time is
not more than roar.

A telegram from Cette kites that the Southern
railway station. there, in which the engines are kept,
was entirely destroyed by fire on Tuesday evening.
The low is estimated at 160,000 fr.
M. Dapin has made his usual speech at the annual
agricultural meeting of Clanwey (Hider.). It con-
tained nothing startling. The speaker did not
allude to his advent to office since his last address to
the same rustic audience. The first part of his
speech—after a compliment to M. Delengle, a native
of the department, whose absence he regretted—
consisted of practical remarks upon agriculture. He
congratulated his hearers on the marked improve-
ment in their department, which, twenty years ago,
only sent 1,600 oxen annually to Paris, and was now
able to furnish 20,000. Ile afterwards gave a sketch
of the Cherbourg Ekes from hie own observation.
Speaking of the imposing spectacle when the Queen
of England was saluted by "a thousand cannon"
from the ships and forts, the Procureur-Oeneral of

the Court of Cessation says, in a note printed in the
Moniteur, " Sir Charles Napier estimates the num-
ber of cannon in the forts at 2,000: so much the
better if they are there!" He makes a back-handed
bit at MK. Roebuck and Lindsay, by observing that
the attitude of the French sailors manning the yards
was devoid of all trick—steady, business-like, and
worthy of sailors.

The P thinks that France ought to lose no
time in laying down an Atlantic telegraph of her
own ; but it fears much that, as in the case of the
Transatlantic packets, a vote for which was obtained
by M. Tbiers eighteen years ago, the thing will be
talked of long enough before anything is done. It
laments greatly that, owing to the French want of
energy, all the American merchandise, which, now
that a complete railway net-work exists on the
Continent, ought naturally to pare through France,
takes the English route, " while we never get,
fu-ther than projects and tenders, or projects for
tenders, and do nothing practical." The article,
which is written in a very desponding mood, goes
on as follows :

The government appose to be Ia earnest about the Davy ;
It has coutpieted Choicely and bu4lt many vessel,. It bee
pat the French navy on a mod resseetable footing, and it
her dose well ; err one out be Mad not to ess that Francs.
bang without • rival= the Ccothesist, ha, only bees checked
hitherto is the development of her legitimise, allesece by the
lealleiseny of her Davy. Bet this inerfielesey lies, alto-
(ether, net In her wavy, whislilesepeth, sad hsa nothing
to her frees say tiontperissa, bat in her merchant navy,
which owing to • train of assume, syserently very compll.
cask le sot re proportion either with the state of manofao-
tures to France, or with her export trade, or el ilk the extent
of her railways, of which the merchant um/ ought to be
the centinution and exteesioe. We need not stop to
Inquire what are the exact figures of the meet recent re-
tsina, but we know that only a few years ago the trade
between France sad the United States we, shared between
the two flags In the folks' 'eg proportions:-93 per toot.
for the Anacleto flag and 70 per cent. for the French. So
beg es nave rennin ti's state France will never be
really • mai:time power. She may have ships of the line but
she will not have sailors to man them—she may be capable of a
brilliant eoup de main, but she will not be in • state to carry
on • serious oval war. Now, situated as France is, with
I such a neighbour se England, and with such a power se the
United States in front of her on the other fide of the At-
lactic, it is assential, if she would weigh with her doe weight
in the balsam of the world's power, that she should be strong
at ma; and that her strength should not be nervous and in-
termittent, but intrinsic, durable, founded epee the extent of
bee commercial relations, the number of her sailors, and of
her merchant ships and mall packets. Now, es to may one
of them points, we Mud, as ocropered with Eaglaad, in •
audition of manifest and humiliating inferiority. We are not
using the right wad—we ere not inferior, we ere nothing.
We have not fewer Transatlsntio packets than the Englith—
we have none at all. But we shall be toll that we are going
to have some, that • lies LI conceded. Very well ; let us
wait. After having waited for eighteen years, it would be
ungreciom to seem impatient. Only we cannot help fear-
ing that, as it has been with the pukes, so it will be with
the Atlantic telegraph, and that twenty years beam we shall