The Express.
London, England, 1850-12-10 00:00:00

FRANCE.

PARIS. MONDAY EVENING.
The notices of motion in the Legislative Assembly
to-day were of so little importance that M. Dopin did
not consider it necessary to preside, and the chair was
accordingly taken by General Bedeau. The number
of representatives present was very small, and, instead
of taking part in the proceedings, they were en-
gaged in groups, discussing the affair of the new loan
which has been so unexpectedly announced. In
general the feeling as to the measure was that it was
impolitic, because unnecessary, and that the govern-
ment would have done wiser not to disturb the mar-
ket foe so small a sum.

Some sensation bar been created in Paris by the
formation of a new political party, headed by Count
Mole. The germ of this party appeared two days ago,
in amt eting which took piece at the count's, for the
purpose of considering the prolongation of the Presi-
dent's powers. The object of this party is to remove
as much as possible from the political scene the specific
tendencies of different fractions of the party of order,
and to produce a fusion which would not be hostile
even to the continuance of the republic, if the safety
of the country should require it. A meeting is to be
held to-morrow, at the Duke of Montebello's, for the
purpose of organising this club, which numbers among
its leading members MM. de Montalembert, Vital, De
Crouseilles, De Dalmati., and M. Simeon.

Three companies have been formed in Peril for the
purpose of tendering for the small loan announced by
the government.
The first attempt to establish a private banking
enema gime the revolution of February hag been
• ' --"•• the fire cf Labouchere,
jos- t 'made b the ;„
Augnin, and Co. The revival of such
hailed as a sign of returning confidenoe.
The papers comment to-day at considerable length
upon the litotes of the Minister of Finance, pro.
tailgated yesterday, for the sale of two 'millions of
notes proceeding from the savings beaks and the
Lyons Railway. The Journal der Mixer expresses
itself as follows :
The announcement of this adjudication apposes to have
esused some surprise in the financial world; n appears to
however, that it was a thing which they rather ought to have
expected. Oa opening the general discussion of the budget,
on the 18th July last, the Minister of Finance positively dai
clued that he should not wait forth, end of the year to make
tav of the power of selling panted to him by the law of the
18th May. The funds in question, moreover, stood foremost
in the number of resources of which, in setting forth the
financial plan for 1850, he reckoned on readies himself, in
order to keep the !loaded debt within its just limits. The
Mount bills for supplementary credits recently voted, par.
ticulerly that relative te the levy of 40,000 men, must have
warned attentive speculators that these limits would be
reached, if not exceeded. The minister declares that It is
the opening of them several erectile which basdecided him to
the adjudication, and his motive is evidently just.
here are two other causes, which might naturally influence
him—the price of rents, and the scarcity of offers of stock.
He wen right to avail himself of so many opportune Cif -
eunutacaes.
The Sleek remarks as follows :
France I. really vesy happy in living under a govern-
ment whiek pommel alike intelligence and good-will ! If
this goveranamt, so worthy of gratitude, did not meddle with
the rialto of the peep* thou strain would be capable of
the rellsiegirilikit re- asaidd, cad
establishesing
quickly than under the legitimate and qautlegltiatate
monarchy. Bat sub a social calamity will ace be moss-
g! The workless who labour—the tradesmen who
e slugs Isle of their steeke—rummer whisk cal-
m a good liquidattos ter the end of the year—the
Beene Melt, whit* begins to recover free the terrible
alternatives calmed by the news from Ommay—all yesterday
morateg received • plum of official aura from M. Aehille
Foul& The sale of nate of the state is to be effected
immediately, and withest pity for all the interests which are
shoat to be compromised at this period of the year. Cie
samemeass are, thee, very grave, very imperative, since
there meld be peril in pelmets' for sin or eaves weeks a
==ozhiela will yield do Ohs treasury only about 36
however, ell at ease, but fa Au Nisei pay-
ments, the last of which is to take play on the 25th April.
Bat, in troth, nothing obliged the government to embarrass
the movemeat of affairs at the end et the year by sloth which
eight to have been adjourned le the month of February, sad
eves of March, in order to be in maim of a clearer situ-
ties. flo math for the quest on of opportunism; sad, as
to the execution, no ono assuredly will approve of It, except
the company to whoa it promise a profit of from one to two
millions; but me mistake; there are the men of routine,
and they have the privilege of being absurd with good faith.
The Condigidionnel expresses its opinion of the
measure in the following terms:
If the 'mainmast had not been desirous to relieve oar
Menem in the midst of the uncertainty which still exists re-
lative to foreign policy, it would not perhaps have thesght it
to realise the resource whisk It had within Its
n re7Tarin bet, the amount in the treasury y eslll madder-
able. It has, however, appeared more pendent to the minis-
try not to delay the operatics any lenge. Although the
chaneee of peace evidently lames, that Is no ream for ace
taklaegg measures to gsard spirt any aventaali T eaim
emiduations which led to the levy of 40,000 men also
determined the realisation of the 2 =Mime of ream et
which the sate is the holder. The govarement. therefore,
does, in a financial point of view, what it Me already dose in a
military one. The two Ellienfli proceed from the same Idea,
and, properly speaking, the one is but a peados& to the other.
The moment is, moreover, happily amen forsuch an
operation. The egotiation of louts ls, generally, announced
a month beforehand, but the question here is oily of •
small amount of rents s, and • more rapid coarse was cer-
tainly more advisable. Nothing was likely to have changed
the node of affairs Mine* this time and the 73rd of Dec.
Tee prorogation of the Premien Chamber to the 9rd Jas.
authorised the idea that no fresh complication would arise,
at all ousts naill that time. At home everything le cabs,
and parties generally comprehend the necessity of midis,
irritating gentians at a period when the affairs et the current
year are to be settled, preparations made for the spprostelibig
one, and when the retail trade acquires the greatest activity.
In every point of view, therefore, the moment ahem could
not have been more opportune. We therefore hope that the
announcement of this operation will not exercise an as.
favourable influence on credit ; the financial state of the
country Is still good, and it mut not be forgotten, that the
sale of them ream, belongieg to the state, does aot fa any
way senbarres the public debt.
The Find* moditioaticce introduced by the com-
mittee into the Bogy Bill are as fellows :—The
committee admits the diminution of twenty
francs upon the duty on all sugars ; but this
diminution is to beeffected in three years upon
the colonial sugar, and In four yearn uptin the
indigenous sugar. The committee propose, a dimi-
nution of 10f. instead of 41f. me foreign sugars, taking
off 7f. 60c. the first year, and If. Ns. the second.
&OVUM