The Express.
London, England, 1857-10-21 00:00:00

BRITISH AMERICA.

ARRIVAL OF THE ANGLO-SAXON.
(IT izmai LTD xtoxrric Tirvueskrs.)

Cram ova OWN CORIUMPONDWITa
LIVERPOOL, V7romaxnay.
wlear-stomola .Lip Anglo-Savor), Captain

McMaster, belonging to the Mo;troal Ocean Screw
Company, arrived in the Mersey this morning, from
Quebec, with dates to the 10th inst., and reports that
the monetary crisis had begun to be felt in Montreal,
and that blame was attached to the Bank directors.

The Royal Mail abeam-ship Niagara had arrived
at Halifax on the 7th inst., and the City of Wash-
ington at New York on the 6th, both hence.
According to the Montreal Argue, the aspect of
the commercial horizon brightens, and certainly the
banks have pursued a liberal and wise policy, and
the result has fully borne out the most favourable
anticipations.

The Commercial Adrerliser of the same city re-
marks that business continues at a standstill, parti-
cularly the export trade, the banks refusing even
short and light drafts on Toronto, Kingston, Quebec,
and other cities, and cargoes of produce in transits
are mortgaged to pay freights.
The Bank of Montreal had 230,000 dollars in spe-
cie ordered from England, and the Bank of British
North America the same amount.

The political or general news by the AugloSazon
is very meagre indeed. The provincial parliament
had been prorogued to the end of November, and in
the meantime several journals speak of a disoolution.
_ . .

The Deputy Receiver-Centel:l hu instituted legal
proceedings against the Toronto Leader, for pre-
=ming to suggest to the government that an inves-
tigation into his accounts would not be out of place,
considering his close connexion with Messrs. Cum-
ming and Co.
Corn is lower; pork dull and unsettled; beef dull
and lower. No failures reported.
The flour market dull and heavy.
Stocks generally lower and dull, money is scarce,
and the demand exceedingly active.

EXPRESS FROM PARIS.

(IPIOX 01:1 OWX 0011UWPONDIXT4

PARIS, TUUDAT EV7XINO.

In consequence of the news that the Bank of
England yesterday raised its discount to 8 per cent,
the directors of the Bank of France held an extra-
ordinary meeting to-day, at which it wee resolved to
raise its discount from el to 71, the Bank of France
thus remaining as before, only 1 per cent behind
the Bank of England. This rate of interest must
appear enormous to French tradesmen, since it is
only by virtue of a very recent law that the Bank is
enabled to charge more than 6 per cent., and this
law was never acted upon till last week, when for
the first time the rate was pat up to 61 pee cent.
Under such novel circumstances it would be very

difficult to say what the effect of the meuure is
likely to be.
M. de Germiny, the governor of the Bank, has
gone to Compiegne this evening, to see the Em-
peror; and I have reason to believe that he is pre-
pared to ask for a decree giving forced currency to
bank notes. I doubt mach, however, whether the
Emperor will yet go to that extremity. It is tree
that such a measure, the last time that the Bank had

recourse to it (in I 1448), was well received, and cer-
tainly did good instead of harm. But I apprehend
that the character of the Bank for prudent manage.

meet, independence, and freedom from the leaven of
speculation, stood higher then than it dots now.
The rise of discount in London produced its
effect by anticipation on the Bourse yesterday ; and
es it was also pretty well taken for granted that the
Bank of France would follow the example, the con.
firmed= of the expected news did not occasion any
very considerable depression. There was, however,
a further fall. The Berate fell 16c. for cash and 10c.
for account, closing at 66fr. 70c., but this was a re-
covery from the lowest prices of the day, the quota-
tions having at one time been as low as 66fr. 60c.,
both for cash and account. Mobilier fell from Sfr.
to 12fr. The Orleans Railway fell 7fr. 60c. ;
Southern and Western, 10fr. each; Northern, East-
ern, and Grand Central, 2fr. 60c. each; and Lyons,
3fr. 76c.

The bullion in the Bank of France (this I learn
from a source which I consider certain) his di-
minished by thirty-five millions of francs in the
short period since the last monthly returns were
published.
It is to be feared that you will shortly hear of
some failures in Paris. An American house is
particularly talked of es likely to go.
A very disastrous and unusual occurrence is re-
ported from Angers. A receiver-general of taxes
has suspended payment. The deficit is reported to
be ten millions of francs. The person in question
was a man of large fortune, but has been unfortu-
nate in speculations at the Bourse and in the oorn
market.

A letter from Zurich states that thirty com-
mercial houses engaged principally in the silk and
ribbon business have failed there.

I have seen private letters from Berlin, which
state that there is no chance of the King's recovery.
Theroyal patient rallied &little, and has been reported
better; but he still has three or four tits a.day, and
none of his physicians think that he can live a mouth.
In anticipation of the demise of the crown, there is a
good deal of agitation in many parts of the
country. A regency is more than ever talked
of. It is anticipated that one of the first acts
of the new government would be to remove M.
Kleinst Rezow, the civil governor (or first president
as he is called) of the Rhenish provinces, who was
appointed against the wish of the Prince of Prussia,
who is the military governor. His successor would
probably be M. de Moller, now first president of the
government of Cologne.
I hear that the Prince of Wales, during his last

excursion on the Rhine, met with a mild sort of

shipwreck. The steamer in which he was struck on
a rock in a fog near a small village, and the heir
apparent to the British crown was obliged to clam-
ber op a bank and walk some miles to a railway
station, where he took the train to Bonn.