The Express.
London, England, 1857-10-26 00:00:00

(From the Moutreal Pilot of Oct. 12.)

We are sorry to say that we perceive no change for
the better in the monetary affairs of the United
States. The newspapers, it is true, speak hopefully of
the crisis having attained its culminating point, or
rather of having reached its lowest depth, and

" touched bottom T" but the facts contained in
the columns of these very papers give the lie to
their words of consolation. The New York Tribune

announces some more failures of important houses in
that city on the previous day, among which were
the celebrated publishers, Ilarper Brothers, and
the Bowry Bank. Thursday's Tribune gave the

names of about one hundred and twenty-five
leading merchants, banks, and firms which had
stopped payment within the preceding week,
chiefly in Massachusetts and New York. We may
be mistaken, and we shall be pleased to find that we
are; but we fear things with our neighbours have
yet to attain a lower deep of ruin before &permanent
amendment can be expected. The panic, as it is
called, is destined, we suspect, to penetrate every
nook and corner of the Union. It has already
fastened its fangs in the heart; it will soon
reach the extremities. England, too, has to feel its
effects; and how she will bear the bankruptcy, or
disarrangement of the affairs of her largest cus-
tomer among the nations, is yet to be seen. We
fear the circumstance is going to add to the many
_ .

difficulties with which sh;hasalready to contend.
We trust Canada and the other British Pro-
vinces will come, if not unscathed, at least in

comparative safety, out of the struggle. Mon-
treal, the great centre of Canadian trade, if
taken per se, has been doing a safe and profit-
able business; but the same cannot be said of
Quebec, and Upper Canada. However, the pre-
sent is not the time to enter on these points.
We have one consolation not possessed by the United
States ; our banks are solvent, and more than
solvent—a fact which even the insanity of panic can
scarcely call in question. The Toronto Globe says
" We arc happy to learn that the chief officers of
the several Canadian banks have been in communi-
cation during the last two days, with a view of de-
s-Wag some safe mode of easing the pressure now
felt in the money market, and that some such
understanding as that suggested by the Globe on
Wednesday morning is almost certain to be arrived
at. One or two points yet remain to be definitely
settled, but we believe there is little doubt that a
satisfactory arrangement will be immediately con-
cluded. It is gratifying to find that, without an
exception, all the banks are fully alive to the un-
speakable importance of bringing the crop to market
ere the navigation closes, and that all are willing to
aid in effecting it, so far as can be done with safety
to the institutions they preside over."
This would undoubtedly be conferring a great
boon on the commercial community, and the country
generally ; as to the wisdom of the step, all matters
duly considered, we will not pretend to give an

opinion.
We are not alarmists, nor do we insinuate that
there is reason for alarm, whatever there may be for
caution ; but we do think that the government ought
to be prepared to call together the legislature, if ne•
cessary, at the shortest posaible notice.

the tune for billa to ran which the bent wan driven to '
adopt Met year. Money It, of court; Isere dHlleult to pet to
than ever, and the narvesity of reetrieting her led to
the revondirn or diminution of very many olden. In rptte
of all thia a very good irons( pavans. That is no glut of
oterchandles la the weanketoriee. ['redaction Iwo br a keg

tints been anted on with much eimuurpcctiqu, sad non of
ilia shops have bat a moderate stock on hand. This Win of
the American crisis upon Paris, Lyons, and St. MIMI is
cow pretty warty known. It is not thought that dm loran
sunered in thine marksta will be &thinly's. The
American bosom wire bread to suspend because their
credits gave way an °a a sodden. Hai they have most of
tlin ultimate minim .reaction by two or three Vim the
amount of their ruminants. As soon as the yank is at
caw and Uwe hones win nay reannis their manna The
W advice. tram New York, of October 9, sanicanoi that
basians is nth* saignaded. There were no quotation
Lr mrbsadla*, became woody bad ready money to bay
with. The salsa be the Paris Iro.re.mti, shops ban brew
adallatiory daring the hat week, bat than is little activity
be the provision At Lyana than is a navy Pill In al
these othise whin wen thedsai ter hands., bat in other
anniptien el neon the Sapodillas Is frigancest. The
Own one ndertirers sons be hays panel non the*
them of Lys.. mensal Mans in apebot et, set aely is
Zwick hat Is taw lows elms sake in oath. Three
hr hiss • =AM Id elan as hit fotte'rbt is emery
anotpliot 1 senehrodhs, preedialy Ica oi'r. aspic, NM
wain sellons. Whim an Iran mon ',lntending the
slanines et the sew asp Outs mistalas its mice, el-
an. then is Me primped elm tarn= rim Ildiare
idea is give way, sod, Is 111111111.1socit, hole bunnies hem
toss den the. desk at the map.

TURKEY.

We hare received the Constantinople journals and
kitten totlie 14th brought by the Hermes. The princi-
palsrent of interest is that tithe Sultan dining with
Reschid Poch'. He want, contrary to all the roles
of etiquette, to the residence of Rescind, and re-
mained with hint the whole of the evening. Ths
visit took place with all the pomp of an imperial
tartly,. The Grand Visier, Muttapha Pools was
only sane aware of it, by swing, when posing near
the house of his predecessor, the barges and the pude
of the Sultan. He was then returning with his
colleague, Aali Parka, from a grand dinner at the
French embassy, to which H. Thourenel had only
invited these two ministers, who are the well-known
partisans of France. It appears that, by way of
reprisal, the Sultan, on the recommendation of Lord
. .

. -
Stratford de Radcliffe, resolved to oppose manifesta-
tion by manifestation, dinner by dinner, and there-
fore went to Remhid l'acha, who is the old friend of
England and the declared advenary of the union.

RUt3BIJL

BERLIN, Orr. 2.i.

The Emperor and Empress of Russia left Moscow
on the 22nd, and were to arrive the next day at St.
Petenbarg.

Mr. W. B. Beckley, at Choriontetreet, Illackfrkers-read,
iii-1 do not know the *how. I did not write out the
patinae, and know nothing whetorwr of it.
l'fac. • Policeman, oali Mot the signatures attached*
the don were beefs, moot two. In UM* two ba-
Amon the prisoner hod reoolosi two bolf-crowns.
Mr. W. H. all—l us • wham* Ma-
uls, at No. I Idol- Bestobson. The ww he
brought the petition to tae on dotard/I afternoon.
He brought it with IL Dwherre had
to ea. I
knew that gentleman. flocke st tren and gave
the prisoner half-a-atoms, Wheels' ete*, of the
portion were true.
The proem was fully ronnottied for trial for obtaining
roomy under false prow**.