The Express.
London, England, 1860-02-29 00:00:00

THE EXPRESS, WEDNESDAY EVENING, FEBRUARY 29, 1860.

LATEST INTELLIUUNCE.

THE NEW PROPOSAL OF FRANCE FOR
THE SETTLEMENT OF ITALY.

The Debate of to-day states that prbrate infor-
mation agrees with the accounts received by the
Independence Beige, respecting • proposal by
France that Parma and Modena be annexed at ones
to Piedmont, and Tuscany be called upon to elect a
now sovereign—Francs supporting the claims of
the Duke of Genoa, • child, five years old,
nephew of the King Victor Emmanuel.
The hiclipeadoncs hears that the Romagna, by the
French proposition,would be under the nominal suze-
rainty of the Pope, bat that the effective sovereignty
would devolve upon the new Grand Duke of Tus-
cany. The Debate, however, says that the sovereign
named by France for the Romagna is the King of
Piedmont. According to both the Paris and the
Brussels journals, the despatch of the French cabinet,
in which these proposals are made, was to be laid
before the King of Piedmont on the 26th. It not
accepted, the French troops were immediately to
withdraw from Lombardy.
The Debate alleges that the contents of the
despatch referred to above show that the French
government "will formally maintain its well-known
intentions as to the annexation of Savoy and Nice;
that it will persist, and justly so, in considering it
as both a legitimate and necessary compensation for
the territorial aggrandisement which Piedmont will
obtain, and as an indispensable guarantee for the
safety of the French frontier."

SPAIN AND MOROCCO.
MADRID, Fla. 27.
The Spanish squadron has bombarded Larache
and Arcilla, causing gnat deetraction in those two
places. Some of the Spanish vessels were slightly
damaged. The Spanish loss was one man killed.
It is said that Rabatt has been also bombarded.

SERVIA.
BELGRADE, Fen. 27.
A new ministry has been formed as follows :
Minister of Jastios
Minister of the Interior ...... .. Tachoechits.
Director of the War Department . Echujevits.
Minister of Police
Prince Milosch continues ill.

THE UNITED STATES AND CANADA.
QUEENSTOWN, Feu. 28.
The Montreal Ocean Company's steamer North
Briton, Captain Borland, from Portland, Maine, on the 18111
of February, has arrived. She landed the Irish mails only.
The Bohemian, from Liverpool, arrived at Portland on the
14th; the Prince Albert, from Galway, arrived at Newfound-
land on the 16th ; and Arabia, from Liverpool, reached New
York on the 18th instant.

WASHINGTON Fan. 17.—A resolution has been adopted
calling for a letter to the French Emperor on the subject of
commercial relations and free teed.. The Senate has ta-
prooms& its gratification with the proposal of Paragney. The
bill abolishing the franking privileged has been passed, and
refdrred to • select commutes. It is stated in democratic
circles that if Eames admitted the Wyandotte constitution
the Presiddot would veto the bill.

The Trsasuy balance was last week nine millions, subject
to reduction for drafts draws.
Francino dates are to the 23rd Jan. The markets were
doll and unsigned.

New Yoko, Fie. 17.—Stocks armee, but no material
change halt takes place. Money and exchange unaltered.
Ache. firm. Cotton, i lower for grades below middling.
BAm, 10,000 balsa. Middling Uplands. llio. Flour more
active, sod prices are • shade better. Wheat and corn
quiet. Provlsloos : Boger sad coffee Ire.. Freights to
Liverpool drooping; for oottoo, 3.16 to 7-32; Orleans, 7.32.
New ORLEANS, Fax. 17.—Salas of cotton, 6,600 bales, at
easier peer, bat not quotably lower. Freights to Liver-
pool, 946. Exchange unaltered.

Monza, Fin. 16:-8alea of option, 3,000 balm ; middling,
10{ to 1010. Market firmer.

PLR. 17.—Flour steady. Numerous petitions
hen been signed for the repeal of the new,papir tax end the
10 per oat. defy on book..