The Express.
London, England, 1857-03-09 00:00:00

EXPRESS FROM PARIS.

(vzos ovk ows

PARIS, SUNDAY EVININO.
I am informed that the two long sittings of the
Council of State, presided by the Emperor, led to no
decisive result on the question of the proposed tax
on negotiable securities, and that the measure has again
been referred to a committee of the Council. Great
hopes were entertained by the speculators at the
Little Bonne to-day that the scheme would be
abandoned, or at least so greatly modified as to bo
almost insignificant ; and, in consequence of the pre-
valence of this opinion, the Relate, which, as you
will have seen, rose considerably yesterday, improved
further to the extent of 20e. Austrian railways
were dens at a rise of 10fr. _

- --- -
Notwithstanding the sanguine hopes entertainer.
the Bourse, I doubt very much whether the govern-
ment, having resolved to squeeze some revenue out
of the railways in one way or another, will give up
the pursuit of its object. But I have reason to think
that the Emperor is so struck with the impossibility
ef preventing irregular business and private trans-
late from hand to hand, that he has given up the
idea of a tax upon sales at the Bourse. The com-
panies will probably be made to pay something, and
although the new tax may be called a compounding
for a transfer duty, it will be in reality an impost
upon dividends.
The Preen says, in its weekly commercial re-
view:
Trade remains in its habitually calm state. The manufac-
turers receive sufficient orders to keep their hands at work,
bat in most branches of industry there is nothing like acti-
vity. Some houses have received rather large orders from
abroad for " Parts goods." Stuffs am still in the dead sea-
men. The retail business in the chops is dell. Thore 1.
only a regular demand fur shawls, silks, and lace. Our tid-
eless from the:departments are almost null. At Lyons the
high price of silks renders transactions excessively dif-
ficult, and a circumstance which leads to the appre-
hension of a still further rise in the raw material
is that quotations at London are higher than at Lyons.
There is already a talk of treaties concluded between a great
Lyons house and several Italian growers, at the exorbitant
price of 10fr. the kilo., for the next crop of cocoons. The
manufacturers of Rouen, Mulhouse, and Elbeuf, are still
reckoning upon a revival which has been waited for a long
while. In Alsatia there is a talk of shortening the hours of
labour, which measure alone would raise the price of spun
cotton. Bat the most desirable thing of all would be a
I diaidid fall in raw cottons, and of this there seems not the
Lei Chance. It is observed that the dullness of business
AIM priadokr cis Me of those articles which are mainly
by de Mail and lower classes, such as calicoes
and Ram gads Redden of luxury go off more readily
sad at rerounsantive rates, notwithstanding the enormous
rise in prices. Colonial products, sugars, coffees, and coca.,
are still rising In our ports. Production has not increased in
the same proportion as consumption, and stock. are very
low in all the marketa of Europe. Corn is dull, with rather
lower quotations.
A strike occurred at Lyons on Friday among the
journeymen dyers. The object was to compel the
masters to employ all their workmen by the day, and
to abolish the privilege of monthly engagements,
which they have been in the habit of granting to
certain individuals. Nineteen arrests were made ;
but, according to the latest news, the affair, which
had caused considerable commotion in certain quar-
ters of the town, was considered over.
The Gazette des Trihunanz says that two officers
and a sergeant of the 93th regiment (whose names
are not given) are about to be tried by a court-mar-
tial for a violation, resulting in the death of the
victim.

PARIS, MARCH 7.

....... ,
This day at a quarter before five, the tribunal de-
livered its judgment re'preting the affair of the
Docks Napoleon. The delivery of this judgment
had been announced for two o'clock, and by the hour
of noon an enormous crowd had assembled in front
of the sixth chamber, all eager to learn the decision.
After giving sentence in another case, the president,
M. Dabarle, caused the accused persons to be brought
in, when he read the judgment of the court ; the
reasons for the judgment were elaborately stated, but
I can only Bend you a summary of the results.
The following have been condemned : M. Cuin to

3 years' imprisonment, and a fine of 5,000 f. ; M. Le-
gendre to 1 year's imprisonment, and 2,000 f. fine
M. Duchesne de Tem to 6 months, and 2,000 f. ; M,
Berryer to 2 years, and 3,000 f. M. Orsi has been
acquitted. MM. Cusin and legendre were declared
guilty of swindling and breach of trust; MM. Du-
chesne de Vere and Berryer guilty of complicity in
the malvenations which had been committed.
Alter stating its conclusions at length, the tribunal
adjudged M. Bcrryer to restore the sum of lao,ooot,
and MM. Cusin, Legendre, and Duchene to give up
the shares, &c., the amount of which is very consider-
able.
It is announced that the accu.sed mean to appeal
against their sentence.
The Bourse opened to-day with some liveliness,
after the panic of yesterday, though much anxiety
was still felt about the result of the deliberations of
the Conseil d'Etat upon the taxation of negotiable
securities. Persons who had sold came back ea
buyers, and the Bente, which had fallen to 70f. 65c.,
rose to 71f. 30e. It was generally believed that a
maximum impost of 3 per cent. upon dividends wag
more likely to be determined upon than a tax
upon transfers. Credit 'Mobilter was firm at
1,415 to 1,420, and much business was done
at this rate. The New York Omnibus Com-
piny, the subscriptions to which closed to.
day, was much sought after. Railways again
were actively dealt in ; Lyons quickly rose 20f. and
25f., and Mediterranean was very scarce, and little
purchased because of the high price asked. Grand
Central, owing to the proposed terms of its conver-
sion, was readily taken at 620 f. Southern was most
eagerly inquired for, and rose to 8151. The Bor-
deaux and Cette line was announced for opening to
goods traffic on the 15th inst. Northern was also
mach in demand on account of the concession of the
Seisms line. Eastern was rather more firm than
it had been. The closing price of Rente was
71f. 20c. to 711.25 c., and of Credit Mobilier, 1,416 f.

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