The Express.
London, England, 1857-06-13 00:00:00

T 4 Hyrum L TILT Lam H. Haigh adC. Vaud ,
Law Mama - Asa YU ROT WOIDI. Yawn leagearl.
Widdlanak Tatialge, Sham WSmith ; Mbeem.—
Dom gm at holigaall

MOH WATIR AT LONDON BRIDOR.
Ties Dav—llegiNg. M. U. —..— Aram"
"Assiara—afinat, M. Un- ---- Allow% M. On.

LONDON, SATURDAY, JUNE 13.

Tits appointment of the Count DE OEILAILIT to
be Governor of the Bank of France appears to
have given general satirfaction in Paris. We be.
lien, is bet, that among all those amcd as the pro-
babas 1110010 re of the Count n'AsiGour, no one,
with the exceptios, perhaps, of the Sub-Governor of
the Beak, would ban inspired equal confidence as
to the Mars management of that important oda-
bailment. In the financial circles of Park, M. Di
0111.11DIT le well knows, though his name may
be little tennis to the English public ; and he
has bad the advantage of a long and somewhat
varied Ordains in public and financial affairs. We
believe that his find introduction to official life
was as Poled of the Deportment of Seine and
Marne. mods the Government of July.
Bs saboarnsatly represented hiclun in the
atomism et Deputies. After h's marriage
-with the daughter of M. HCSIRNN he became
Itessiver-Ormeral of Melon, and subsequently, of the
Deportment of Seine Inferieure, smutting in them
two odloas meek of the knowledge of administrative
debit it sonsexics with financial affairs which he
has inee Owned to inch excellent use. During
IRS Id. DS Orsoint was for a short time Minister
sensors Bat the " Hertel des Finances' in those
days partook somewhat too largely of the character
of so "hotel," in the English meaning of the word.
to allow the Oasts of a minister to develop them-
selno—it shamed its occupants too often. When
the Credit Wilier and Crfdit Fonder Societies
wen 'boded, in ISA M. DE Gtaninv was selected
as president of the latter. It has been from no fault
of his that this institution has failed to carry
eat the objects for which it was created—the
relief of sgricalture, more especially by facilitating
loans on mortgage co moderato and equitable
coaditioas. Laanched into existence with a mill-
stone mend lb neck, la the shape of the old Loan
and Usury Laws, its caner baa been %cry different
trona that of the twin establishment projected and
carried oat by the Messrs. Plants. For while the
former upgraded he support to that portion of the
pablis who asks only a moderate and scare is
is their disposable capital, the latter held out
the attrardisa et the enormous profits to be realised by
suonmetal speculation in the establishment of Joint.-
..Stack Companks The Credit hlobilier has been a
powerkl aid to the Government in maintaining
that tallestoes and ruinous index of peosperity,
activity and high prices at the Boyne; the
Credit leansier aimed only at enabling the agri-
cultural interest to develop its km obtranve
bat more important branch of the national industry.
The earner was courted, patronised, and popular ;
the liter was left to struggle through the difficul-
ties of a pities the dangerous character of which
aeon beams apparent. M. DE °ZEMIN; after great
earls, ancoreded in calling the attention of the
Government to the anomalies which hampered the
working of the system, and some alight and ineffec-
tual modifications were introduced. Within the last
taw weeks, however, additional facilities have been
given to the holders of Credit Foncit r bonds (when
held so orearity for loans) as regards their realisation,
and Go egaratkoe of the Society appear to feet the
geed Whet of these serious changes. Ins remark-
ably well-written Report, read by M. Da GUMMI at
VW mod* of noteholders la May, the difficulties
whisk they had to ormmator, sad the changes most
osesmory,wen very boldly sat forth; and now that
he is at the head of the Bleak of Prawn, with
power to make advances en the security
of Orddit Fancier obligation, sad that the absurd
wry laws are likely to be modified, it is probable
that the isseitaias whisk be has managed with
eery esesidsrabla encesis having regard to the diflL
vides in its loth, may render far more effectual
services to the country.
We have ?Arra to this matter at greater length
them we should otherwise have done from the cie-
minriesee that the relative prices of the Credit
Tomes sad the Credit Foncier shares have been
=is a sort of slur on the capacity of the new
of the Bank of France. But the sown of
assysay is owing to exceptional circum-
dank allefili by M. Boltz Permian, it bee
bus ffishug_is the talent and personal
eleffiffills NNW awl of his brother ISAAC that
IC los ettakmilliffittlearodlnary position. Founded,
moreover, et spdeil when an apparently more stable
if not better /mm all Government restored confidence
sad gave a 'Seam both to trade and speculation, its
working &Salk was matured about the time that the
remit of the new state of things began to develop
itself, sad the system of open loans came most
opportunely to stistalate a taste for new investments
among all dames of the population. We do not,
however, underrate the administrative and firoacial
capacities of the Masers. Planta in contributing
to the moor of the new institution. Strongly Mi-
meo' ea we are with the danger and unsoundness
of the principle involved in these Credit Mollifier
Soisties, we are nevertheless convinced that these
gentlemen telly believe that they have not only
endowed Prance with a aver financial instrument of
Boas value, bat that they have also cathemi a
mall sigmas ofsmistir. Ve fear, aotwithetaad-

L