The Express.
London, England, 1857-12-03 00:00:00

EVENING, DECEMBER 3, 1857.

ming of Almighty God may stand your eoeuteals,
and say guide your dellberstions r toss Mb which
are dearest ts my heart—the happiness sod prosperity of
my loyal end faithful people.
At the conclusion of the Speech, the Queen and Royal
party returned to Buckingham Palace; and the West End
for some hours afterwards was thronged with carriages and
sight-seers from all parts oi the Itskagolia.

EXPRESS FROM PARIS.

(TAO* 001 OWN

PLlLlB,WEntrzesir Biwa•
_ .

The Bourse opened heavily under the influence
of the numerous failures at Hamburg, Dantzic, and
Stockholm. The Rente, for account, was first
quoted at 67fr. 35c. (20c. lower than the last price
of yesterday), but in the afternoon there was a
sudden and important rally, owing M a report that
the railway companies had agreed with the Bank
of France as to the conditions on which they can
obtain advanced on obligations. The Rents left off
at 67fr. 65c. for account, and 67fr. for cash, with a
rise of 20c. and 10c. The Orleans, Northern, and
Lyons railways, rose 126. 50c. each, and the other
lines from 7fr. to 6fr. Mobilier fell 6fr.

SWEDEN.

STOCKHOLM,TrESDAT EVE!(INO.

The houses of Johns and Co., 'John Berger Strochm-
berg, jun., J. H. Menet, and several others of leis
importance, have stopped payment. The Credit
Society commenced its operations yesterday. A feel-
ing of discouragement generally prevails.

THE PANIC AT HAMBURG.

(FRON OVA OWN COZONSPONDINT.)
_ _ .

HAMBURG, Die. t.
I deeply. regret to state that the gloomy picture
gave you in the postscript of my letter yesterday
was far from being exaggerated, and from what has
this morning come to my knowledge, I have reason
to say that the Hamburg Exchange is seized with a
perfect panic, which is spreading in wider and wider
circles, as fresh failures are announced, and the oldest
and most respectable houses are compelled to give
way to the force of circumstances, and stop pay-
ment. Numbers of houses are inextricably involved,
without the slightest fault of their own, but from
bills unexpectedly returned protested from abroad,
or the unforeseen failure of houses here, unable to
pay their acuptances, on which the holders of the
bills had calated.
Business being completely at a standstill, the
natural consequence is the stopple of many de-
' ecriptiens of factories, the sudden discharge of great
numbers of workmen, and the reaction of the panic
on the lower classes. It will, therefore, not surprise
your readers to hear thatduring the last few days there
has been a run on the savings-banks, which not being
prepared with ready money for such an emergency,
have been obliged to make all sorts of shifts to
obtain money, though unsuccessfully. The depo-
sitors who belong to the uneducated classes are not
able to comprehend that their little capitals are per-
fectly safe, being invested in first-rate mortgages,
but give way to their fears which are contagions
among their friends and neighbours, who take it up
and carry the panic farther and thus praises a
state of horror-stricken anarchy, threatening. to dis-
solve all social ties and subvert all principles of
civil order and legal authority. In this manner the
runs on the savings banks were for considerably
more than a million of dollars, and accompanied by
such furious conduct, wild excitement, and oppro-
brions language, that a strong body of the police
force were not able to restore order and allay the
fears of the multitude.
The fifteen millions of Exchequer Bills ordered to
be created for the purpose of affording relief to
merchants in temporary difficulties, have failed in
their intended object, as they were completely ex-
hausted on the very first day, when the applications
for sums to be advanced on the security of =perish-
' able merchandise and Government Bonds amounted
to several hundreds of millions. Our merchants have
therefore petitioned the Senate to convene the Bur-
gerochaft again for the purpose of further extending
the benefits to be derived from this salutary meg-
' sure by increasing the amount of Exchequer Bills
Ito at least a hundred millions of Marks Banco. The
Senate is at this moment holding an extraordinary
sitting to deliberate on the propriety of acceding to
the suggestion.
It is also proposed to suspend for the present that
paragraph of the regulations in force here with
respect to bills of exchange, which empowers the
holder of a bill, in case of the failure of the acceptor,
I to demand security from the lad endorser for the
eventual payment of the bill. This paragraph is
already a dead letter and virtually abrogated, as in
the present excited state of our Exchange, no one
can give or obtain security of any description at all.
P.S.—Four o'elook.—The excitement on 'Change
today was worse than ever. The panic may be said,
to be general. A large number of fresh failures were
announced, amongst whom are the firms of Sieve-
king and Co., Lozent Am Ende and Co., Lomer
Uhde and Co., F. van Leesen, and C. M. S— and Co.
The head of the latter house is a member of the
Senate and connected by family ties with the first
families of this city. The great Swedish house of
Ullberg and Cramer, which was in difficulties more
than a week ago, but obtained assistance from
the Bank of Stockholm and even from an
exalted personage in Sweden, has notwithstand-
ing been unable to resist the pressure, and is
swept into the vortex. Mr. L—n, the head of an
immense house of business here, with manufactories
employing more than 700 workmen, most of whom
have been lately discharged, was reported last
night to have shot himself; and Mr. Bahre,
a most respectable merchant in the South
American trade, being in difficulties, com-
mitted suicide this morning by hanging
himself. In coffee, spelter, and oil, no transactions
took place, and quotations lower. Bills on London
in demand, at about the same exchange as on Friday
last. Discount nominally 9to 9 per cent, but nobody
is willing to discount any paper in the present
critical state of affairs.