The Express.
London, England, 1857-10-27 00:00:00

EXPRIBB FROM PARIS.

(rams ors emu

PARIS, MOXDAY IVSNINO.

The Bourse was greatly affected by bad accounts
from New York telegraphed from Ladon. The
Rents fell I3c. for cash and 30c. for assaat, closing
at 66fr. 75c. and 68fr. 60c. Mobilier Yl 21fr. 26c.
The railway market was exceedingly heavy. Or-
leans fell 13fr. ; Northern, llfr.; Eastern, 7fr.;
Lyons, Mr.; Southern. 13fr.; and Western, 2fr. 60e.
Notwithstanding the fall of to-day the reports of
the state of the Sank of France are reassuring. It
l warted that the bullion account on Saturday stood
at 203 mallow., while the issue of notes had consi-
derably diminished. The bank is expecting a
large- remittance from Constantinople by way of
Marseilles.

The government papers arc instructed to deny
positively that there is any foundation for the report
that the government entertains the question of
giving bank notes a forged currency. The Patrie
ways "There is nothing in the actual situation to
neccasitata any such measure." _ _

An interesting article in this evening's Preen, by
M. Alfred Perlman, one of the members for Paris,
shows pretty clearly that the outcry raised by the
Chamber of Commerce and private banking-houses
against the power conferred by a recent law upon
the Bank of France to raise its discount ad libitum,
while private individuals cannot lawfully take a
larger rate of interest than 6 per cent., is nothing
more than a mare's nest. Hitherto the bankers have
always assumed the existence of a legal distinction
between interest and disoinnt, and since the usury
law was pared, in 1807, there is no instance on
record of a banker or merchant having hesitated to
take whatever commission suited him for discounting
a bill, ce of any prosecution against him on the ground
of usury. Now, however, the bankers, out of their
rage at not being able to get money at less
than its worth from the Bank of France, to
retail to their customers at a large profit, pretend to
be greatly hampered by the usury laws. The Precis
appears to Me to be quite right in making thc:e
observations. In England, Jeremy Benthara's
arguments against the policy of the usury laws
were at length admitted, and it is many years since
those laws were abolished. In France they exist,
but only nominally. A prosecution now and then,
at very rare intervals, against 80 per cent. gentle-
men, for "habitual usury," is the only tangible
proof of their existence. But it is altogether hum-
bug to say that they practically interfere in the
slightest degree with the negotiation of commercial
bills.

A Paris letter of the 23rd, in the Nord of Brassels,
saps:

You will doubting have noticed the warm adhesion given
by the Chnetatowawl to the wishes azynand by the divans
of Moldavia and Wallachia. I am nevarthelme obliged to
tall you that I have good reasons for bowleg that is oar
algal world the imagine employed la sot gaits fa coa-
l:amity with that of the Cesstitetionnel, sad Mare or. ester-
allaed that the diver have tempered beyond the point
where the French goverment can wii It reason ts expected
to follow them.

This letter is quite in conformity with the impres-
alone, which, according to my observation, prevail
here. At the same time, the French government, al-
though feeling t mbarrassed at the extent to which the
divans have gone on voting for a foreign prince, is
much annoyed at the change of ministry at Constan-
tinople. The Pays and the Pearls both come out with
leading articles on the subject, evidently inspired
by the Minister for Foreign Affairs. These articles
concur in lamenting the enormous influence of Lord
Stratford de Radcliffe over the Sultan ; they give it
to be understood that this diplomatist acts of hie own
head against the wishes of the English ministers, but
they account for his not being recalled by the sug-
gestion that English pride being flattered by his
audacity and the wonderful success which has
hitherto attended it, adopts his acts, however com-
promising they may be. The Pays and Petrie both
conclude by charging Turkey with ingratitude, and
assuring her, in a menacing tone, that the Congress
of Paris now shortly about to assemble, will
make no account of her resistance to its wishes.
The Patric says it is impossible that England can
longer tolerate Lord de Redcliffe's maniruvres
" without compromising her own dignity and the
peace of Europe." These manifestations of the two
government evening journals so obviously proceed
from identical instructions that it is impossible to
doubt their being semi-official. In spite, how-
ever, of all these big words, which betray the vexa-
tion of Count Walewski at ending a favourite idea
of his thwarted, I continue to believe that the bases
of a compromise of the question of the Principalities
are nearly agreed upon between France and Eng-
land, and that the Congresa will not decide upon
anything mare than administrative union for the
present.

The Bake de Grammont, who was long since ap-
pointed to succeed M. de Rayneval u ambassador
at Rome, has left earis for his post. He will em-
bark at Marseilles, on board the Duchayla, which will
convey him to Cis ita Vecchia, touching at Genoa by
the way.