The Express.
London, England, 1861-02-15 00:00:00

EXPRESS FROM PARIS.

(nos oca OWN corutrxrosnrev.)
PARIS, THCRADAT Esarnxc.
Although the telegraph from Italy does not en-
joy a great reputation for accuracy, not the least
doubt is felt about the capitulation of Gaeta. That
of Messina cannot fail to follow immediately, and
before the meeting of the Italian parliament Victor
Emmanuel will be the acknowledged sovereign of
all Italy, with the exception of Rome and Venice.
General Cialdini, it is said, offered a frigate to
Francis IL to take him and his family away from
Gaeta, but his Majesty preferrel to accept the
services of his late "best friend" Napoleon
and accordingly the Mouette wan sent
from Naples. Where the Mouette will con-
duct the royal fugitives is a matter of
doubt. Some opine they will prefer to go to Rome,
others to Trieste, others to Spain ; but according to
a version accredited here, they will show their gra-
titude to their best friend aforesaid by corning to
France--on their way to Bavaria.
The Guerronnihre pamphlet still hangs fire.
The publication, which during all the week has been
spoken of for a continually receded "to-morrow,"
is now announced " positively" by the evening
papers for the day after to-morrow--Saturday. It
' appears that the rapid shifting of political events,
and suggestions from some of his Majesty's advisers,
have led to extensive alterations in many of the
proof sheets.
A Brussels letter of Feb. 13 in the Correspoo.
dance Bottler gives the following alarming news,
which I cite textually, not wishing to be responsi-
ble for it:

I have just heard a fact of incontestable gravity. We
have in Brussels a very numerous colony of English reel.
dent.. Within the last few days this colony has consider.
ably diminished. The English are returning to their island,
having been confidentially advised of coming events which
invite precaution.

The Debate attempts to make a serious business
of the affair of the French merchantman Dahome,
which, while attempting to break the blockade of
Gaeta, was fired upon without warning (as it is
alleged) by a Sardinian man of war. It talks of
piratical sets committed under a royal flag, and
compares the Sardinian fleet to the corsairs which
France and Spain, at different periods, swept from
the seas of Algeria and Morocco. The Prase
thinks all this eloquence misplaced. It is not to
be wondered at that a navy so recently formed as
that of Italy should be imperfectly cognisant of
the rules of maritime warfare ; but because an
officer may have misunderstood his rights, or
exceeded him instructions, it is unfair to hold the
Piodmoutese government up to odium. The
dismissal of General and the
moderation of General Cialdini towards
the ex-Kiag of the Two Elleilies, are sufficient
proofs that the government of Victor Emmanuel
does not deserve the sweeping condemnation of
the Debate. The uneasiness of the latter journal
lest the matter should pass " unnoticed," and a
" bad precedent" be created, is treated by.'
the
Freese as unnecessary, since the cabinet of Turin, if
a mistake have been committed, will be certain to
offer reparation before it is &skis! for.
The Bourse was much affected by the unlooked-
for news that the Bank of England had raised its
discount to 8 per cent. Although some leading
financiers were probably aware of this fact yester-
day, and the weakness of the Route may he attri-
buted in some degree to their operations, it sus-
tained a further fall to-day of 20c. for cash and
30c. for account, closing at 08fr. loc. and Mfr. 10c.
Mobilier fell 131 r. 75c. All the railways (with the
exception of Eastern, which remains unchanged)
were lower. Orleans fell 7fr. 50c. ; Northern and
Southern, fifr. 25c. each ; Lyons, 7fr. 50e. ; and
Western, Mr. Spanish Passives fell I.