The Press.
London, England, 1854-03-18 00:00:00

FRANCE.

Subscriptions to the new loan of ten millions
opened in Paris on Tuesday, the 14th, amidst much
excitement and enthusiasm, especially on the part of
the middle class and working population. There
are some novel features in the mechanism of this
financial operation which appear equally bold and
successful. The subscribers have the choice between
Four-and-a-Half per Cent. Rents and Three per
Cent. Rente. The Four-and-a-Half per Cent. Rents
will be given at 02f. 56c., with enjoyment from 20th
March, 1854; the Three per Cent. Rents at 651. 25c.,
from the 22nd December, 1853. One tenth is to be
paid down on subscribing, and the remainder in
fixed periods. Discount of 4 per cent is allowed for
payment in anticipation. The chief novelty, how-
ever, consists in the very moderate scale at which
the minimum amount of subscriptions is fixed, and
which enables the possessor of even so small a sum
as 100 f. (41.) to inscribe his name in the book of
rentiers. This honour has been eagerly sought by
the workmen, employks, and small shopkeepers of
Paris. On the first day of subscribing the numbers
who flocked to the bureau at the Treasury were far
beyond the capacity of the officials to attend to
within the hours of business. A queue was formed,
and applicants were served in turn, many of them
having to wait several hours, and multitudes being
obliged to postpone completing the transaction until
another day. On Wednesday fourteen additional
bureaux were opened, and the operations proceeded
with increased rapidity. The public enthusiasm
still continued, and the applications were as nume-
rous as ever. Nine-tenths were for inscriptions of
Rentes of from 201. to 501. The letters from Rouen,
Havre, Blois, Tours, •Stc.' state that there was the
same eagerness displayed by the middling classes at
these places. It is not improbable that the whole of
the loan will be taken by persons subscribing I,ooof.
and under.

--
The Prelim announces that its employes, wishing to
set the example to its readers, had subscribed
towards the national loan a sum of 05,250 f. The
Corporation of the Notaries of Paris have subscribed
1,600,000 E, and the avoids 350,000 f. The loan has
been already quoted at a premium of 11 per cent.
The Emperor and Empress visited on Saturday
the new hospital for poor children lately estab-
lished in the old Hospice Ste. Marguerite, in the
Faubourg St. Antoine. Nearly the whole popu•
lation of the faubourg seemed to come out of doors
on the occasion, and their Majesties were received
most warmly.
The French budget for 1855 has been presented
to the Legislative Assembly. The receipts are
estimated at 1,559,914,440 francs; the expenses at
1,653,022,075 francs; leaving an excess of receipts
of 5,992,305 francs.
The Moniteur contains the composition of the
army of the East:—
Commander-in-Chief, Marshal St. Arnaud; Head
of the Staff, General de Martinssrey; Commander of
the Ist division, General Canrobert; Ist and 2nd
brigade, Generals Espinasse and Vinoy ; Commander
of 2nd division, General Bosquet; 13t and 2nd
brigades, Generals Dantemarre and Bonet; Brigade
of Cavalry, General Dallonvile ; Corps of Reserve,
Prince Napoleon ; Head of his Staff, Colonel
Desmarets ; Reserves and Park of Artillery, Lieut -
Colonel Roujouz; Reserves and Park of Engineers,
Chef de Bataillon Guerin.
The Government papers say Prince Napoleon's
reserve division will be brought into action at the
v.?,Ty beginning of the campaign.
Marshal SLArnaudleavesPaiis, as now arranged, on
the 24th inst. General Canrobertleft on Monday, and it
is said he takes with him the commission of Com-
mander-in-Chief in the event of anything occurring to
the marshal, whose health is still delicate. Prince
Napoleon will embark on the Bth of April.
The 2tlonituer publishes a decree nominating
Marshal Vaillant Minister of War, in the place of
Marshal St. Arnaud, appointed Commander-in-Chief
of the army in the East.

THE PRESS.

The Turkish Ambassador left Paris on Wednesday
for Brussels, to.present his letters of credence to King
Leopold. . . _

Prince Hohenzollern-Sigmaringen arrived on
Sunday in Paris on a confidential mission from the
King of Prussia.
It is stated by the Presse ,—" During the last fourteen
days very large remittances in gold have passed the Russo-
Polish frontiers. Not less than six or seven millions of
tinders, in ltalf•imperials, have been despatched from the
capital to large commercial houses iu Berlin and Ham-
burg ; and still larger sums, it is affirmed, are already lying
in readiness to be transmitted. A military escort had, for
security, been despatched with it as far as the Prussian
frontier. What the particular object is for which these
large sums of money are being sent out of the country is
not clearly known to us, but we conclude that it is designed
to buy up the Polish and Russian paper now so seriously
depreciated throughout Europe."