The Express.
London, England, 1861-10-23 00:00:00

EXPRESS FROM PARIS.

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PARIS, TUEBDAT EVIC/11210:

The confidence shown at the Bourse yesterday
was very short-lived. To-day, notwithstanding
great efforts on the part of the Credit Mobilier to
keep up prices, everything went down. It is be-
yond a doubt that the financial crisis is not over.
According to rumours, probably true, the amount
of bullion in the Bank has decreased by as much as
31 millions since the last returns. But • feature
considered still more serious is the quality of the
paper which the Bank holds. A large portion of it
is believed to consist in bills of building contractors
which have been already several times renewed, and
which must be renewed again unless vast
numbers of operatives in Paris are to be
suddenly thrown out of work. It is ex-
pected that the interest on Treasury Bills will
be raised. Notwithstanding the great wish of the
Emperor to avoid any further rise in the Bank's
discount, it is thought scarcely possible that the
directors can let Thursday pass over without making
a change. There is a talk of 6 per cent. for bills at
one month, gi for twomonths, and 7 for three months.
The Rente fell 20c. for cash and 23c. for account,
closing at 67fr. 95c. and GM. 45c. Mobilier fell
lofr.; the Italian
-Loan, which was much depressed,
45fr. The railways were about 2fr. 50c. lower.
Thu following article in this evening's Pays is
worth attention :
According to a letter which we have received from
Amiens, emanating from a person in a position to be well
informed, the state of trade has materially improved in
this great manufacturing town. Under the influence of
the panic canard by the first announcement of the customs
reform, there was for • time a halt in the march of produc-
tion ; but these apprehensions are now disappearing, because
the commercial treaty with England, far from having
produced the disastrous consequences to our manufactures,
predicted by interested misgivings, has proved, on the con-
trary, that our manufacturers can successfully compete
with their rivals on the other side of the Channel. Ac-
cordingly confidence has replaced exaggerated alarm, and
the factories have resumed their wonted activity. The
workman who but lately was employed only three days a
week, is now almost restored to his normal situation, since
he hue but one holiday, besides the Sunday. But further—
there is an end to the "short time," which was the rule
but a little while ego; the workman now does • full day's
work and gains • full day's wages. The fact is that the
Amiens manufacturers have found out that English pro-
ducts are inferior to theirs, and that they had given way to
unfounded apprehensions. We are able to state that the
improved feeling manifested at Amiens is also patent in
most of the other manufacturing districts. What may we
not then expect to see when our manufacturers shall have
fully learned the ill success obtained by the greater part
of the English goods admitted to our markets since the
lirt of October!

Bravo ! I like to see this tone. By all means
let the French manufacturers run down English
goods and try to make better. The public, judge
in the last resort, cannot but benefit by the com-
petition :

"It will for every one be better,
The laird, the tenant, and the cotter."

The recent chaste avid of official writers be-
tween the Pays and the Constitutionnel furnishes
an occasion to M. Delamarre, the proprietor of
the Petrie, to make a clean breast, and declare
to the public that his paper has no longer any
pretensions to be considered semi-official.
He takes a pride in recording that the
Patric did, for many years, stand in a
semi-official position, because it was scarcely
possible for a journal which really wished well to
the government to occupy any other. He confesses
with a sigh that the sacrifices expected from him
were often most humiliatiug, however necessary, and
makes the piquant disclosure that the Pattie once
had a warning for a paragraph sent for insertion by a
member of the government M. Delamarre makes
the trite but at the same time apropos remark, that
under the imperial system there are ministers in
France, but no ministry. There is but one direct-
ing will—that of the Emperor, and his ministers
are individual agents, each of whom only knows as
much of his master's policy as he may choose
to divulge to him. It follows that a journal
is always liable to be forced to disavow a communi-
cation which it may have received from a minister.
The Constitutionnel knows something, he observes,
of the working of this system. M. Delamarre,
while still professing to be devoted to the govern-
ment, is delighted to be emancipated from snob
galling fetters, and he hopes that under the regime
of November 24 he may enabled to "render better
service by telling the truth than in beslavering
power with meaningless approbation—alike useless
to government and degrading to ourselves." This
unburdening of a long-troubled conscience is highly
instructive as well as amusing. I most heartily
wish the Petrie luck, now that it is going on its
own hook