The Express.
London, England, 1867-07-03 00:00:00

HAYMARKET.

Tins EVINISO, OPR AN ;RICAN (YAMS. Yaws. SMlserry
RA5111..11.1, Shepherd. Chippendale. Clark. Gorden, ;
bl kudanies Chippendale. Harding, W .—LEND ME Fl VS
SHILLIGB. Mr. Duckstuse. —Sad FISU OUT Or WATSS.

Tnra Evmomo. TRCE TO TIIE MIST.. Mews. Cretwick.
Marston, 11. IKirretter, E. F. Edgar, &c. ; Mim l'auncefi.rt
and thM Nelly thiont—Dourn open at halt put seven cont.
mence at eight.

STRAND.
ma ETvoNO, OUR DUNI EsTIM—PYGMALION . OR, THE
STATUE YAM. Messrs. Thorne, lames. Re.: Mesdames Swan.
boroneh, Raynham. Harland, Johnstone, and Holt.—And THE
It ICE!. t • EXHIBITION.

BRITANNIA.
TRW EvEYING, ITICIIA It I) TH ETH I RD. Messrs. Drummond,
J. Parry. and J. R. llow..—The Champion Misters of England
Mr. H. BuckAnue Mr. and Mrs. M•Haffle ; Messrs. Hildebrand
awl Ornoonde.—Aud KAKI' TIIE RATTLER.

HIGH WATER AT LONDON BRIDGE
TRW DAY —Morniux. 4O .._ Afternoon, 3h. 5m
To-NWARow—llurning, 3h. 310 Afternoon, 3h. 16m.

LONDON, WEDNESDAY, JULY 3.

Tit e announcement that another of our great
railways has passed into the hands of receivers, by
order of the Court of Chancery, has naturally
tended to aggravate the feeling of doubt and dis-
trust which has lately grown up in the railway
world, more especially as there is no good ground
to believe that the end of these financial catas-
trophes has yet been reached. On the contrary it is
feared that, owing to the radical unsoundness
of their financial system, other companies will
yet have to pass through a similar ordeal. Strength
is thus given to the growing demand on the part of
those interested that the boards of the various rail-
way companies shall come forward with a full and
clear statement of their real position. Theamount
of their floating liabilities, and the position of their
debenture debts, are points of especial interest.
Why, indeed, should railway companies hang back
from letting tho public know what they owe I
There are hundreds of wealthy shareholders who,
once assured that the position is one that admits of
remedy, will be ready to extend a helping hand.
The London and North Western Company recently
put out a notice stating that they are refusing
money on debenture at five per cent.
This, however, is not the sort of informa-
tion the public require. They do not care for
an isolated fact of this kind, but demand to
know the whole financial position of these under-
takings. Such is the present distrust of railway
property that even those companies that are de-
serving of credit do not obtain it, because all are
prejudiced by the doubts universally prevailing.
Investors hold aloof because, until the worst is
known, they cannot tell how low prices may fall.
It is greatly to bo desired that the influential
shareholders should organise a common action,
with a view to extort a full and public state-
ment of the finances from their respec-
tive boards. If shareholders will but meet
together mid act in this way, they will
very soon storm the board-rooms, as has been done
in the case of the Brighton Company. When clear
statements are put out it will be easy to discern
what steps ought to be adopted ; the requisite
financial means will be supplied ; and then, with
increasing traffic, with floating liabilities paid off,
with capital accounts closed, with extensions
stopped, and with that general economical reform
which will naturally follow, the causes of the ex-
isting discredit will b. steadily removed, and the
public will think bitter of railway stick', even
should lower dividends be paid. But nothing is
to be done unless shareholders will take action.

Toe rumour that MAXIMILIAN of Austria
has been executed at Queretaro appears to be
generally accepted as true. The character of
the captors, it is said, makes the announcement
only boo probable ; Juanzz, we are told, is
a semi-savage, relentlessly cruel, and in
that respect a type of the race. As to the
truth of the report we have no opinion to
offer, but if every new rumour is held to
furnish a fitting occasion for reviewing
the connexion of MaxialLux with Mexico,
we may take the opportunity of pointing
out one or two facts which are necessary
elements of a final judgment, whether upon the
ex-Ememtou or the Mexicans, but of which some
of our contemporaries are strangely forgetful. In
this country we believe we are all pretty well of
one mind about the treatment of political enemies.
If magnanimity is not good for our assailants, it is
at least good for us. We push justice so far as is
necessary for the public security, but we stop at
some point short of vindictiveness, and we
certainly do well. If we are to judge the
Mexicans by our standard, it must be ac-
knowledged that they come terribly short of it.
But in that case we must judge Mzxnntisiv
by the same rule. This, however, is
what scarcely any one thinks of doing. And yet
whoever cares to know the truth may easily satisfy
himself that if it be true that this unhappy man
has perished, he has only fallen into the snare which
he had set for others. It was be—a European
Prince, who professed to have gone to Mexico to
sow the seeds of civilization—who interrupted the
humanities of war, and set the horrid example of
executions in cold blood. When we are called on
every morning to admire the spirit which animated
his conduct in Mexico, and to execrate Joassz, it
is necessary to recal facts which we should other-
wise be glad to bury in oblivion. The truth is
there is nothing more barbarous in the history of
this century than the measures to which MAXIMI-
LIAN resorted to secure his power in a country in
which he was a stranger and an invader. When
those measures are referred to by his • dogiats,