The Express.
London, England, 1861-01-03 00:00:00

EXPRESS FROM PARIS•

(raox °us OWN coasseroNDEn.)
PARIS, WrIMINSDAT EVENING.

I am sorry to say that all the symptoms from
which any inference can be deduced in regard to
the French Emperor's Italian policy are as unsatis-
factory as can possibly be. The broad fact only
announced to-day, that the Ariege is under orient
at Toulon to take out a month's rations to the fleet
at Gaeta, corroborates the tone of the latest Turin
letters, and shows that if the robust Italian faith
in Napoleon 111. is giving way, there is but too
much reason for misgiving. The Opinion of De-
cember 28 complains, in its semi-official article,
of mysterious diplomatic manoeuvres against
Italian unity, and speaks very boldly of
the resolution and power of Italy to be
the arbiter of her own destinies, and to frustrate
attempts at dictation from whatever quarter they
may come. The question is now seriously discussed
in Turin whether the reiterated suggestions in
favour of a confederation which come from Paris,
are still offered by way of advice merely, or are
not assuming a more peremptory form, and many
politicians incline reluctantly to the latter opinion.
Whether Cavour will be finn is also a question
anxiously asked. Victor Emmanuel, however,
stands committed to Italian unity, and there is no
idea that he will give way. It is reputed that he
Said to President Lanza, who waited on him at
Naples with an address from the Chamber on the
occasion of the dissolution, " The independence and
unity of Italy may be said to be assured, and this
cause will be followed up to its entire accomplish-
ments" These were well-considered words, and the
King means to abide by them. But, then, Louis
Napoleon's revived movement for a confederation
is all the more alarming.
A postscript to • Turin letter of December 18
in the Preset says positively that M. Farini is re-
called from Naples, and yet that the Prince de
Carignan, who had been designated as his suc-
cessor, had postponed his departure.
The Bourse was very much depressed, in conse-
quence of the absence of anything reassuring in
the Emperor's laconic speech to the Corps Diplo-
matique, and of the rise in the discount of the
Bank of France, which, however, was quite ex-
pected. Notwithstanding the firmness of Consols,
the Ratite fell 40c. for cash and 30c. for account,
closing at 67fr. lk. and 67fr. 25c. Mobilier fell
15fr. The railways were seriously affected, Orleans
falling 10fr. ; Eastern, llfr. 25c. ; Lyons, 7fr. 50c.;
Western, 6fr. 25e. ; Northern, 6fr. 25c. ; and
Southern, Hr. 25c.
The Frew observes upon the material discre-
pancy between the terms of Count Teleki's release
as given iu the Moniteur yesterday and those
(doubtless more exact) reported by the Vienna
Gazette of this day. According to the Moniteur,
Count Teleki made the promise which " his sove-
reign expected from him," namely, that he would
henceforth conduct himself as a "faithful sub•
ject." But the Vienna journal says that he merely
undertook "to break off his communications with
foreign parts, not to leave the Austrian empire,
and to abstain from any interference with public
affairs." The difference between the two versions
is great. I lamented yesterday, with a grief not
untempered by incredulity, that the noble Hun-
garian should have been forced to perform
kotow to the sovereign who had disgrace-
fully kidnapped him. He was represented as having
abjured his political convictions, and as having
sworn a fidelity to the house of Hapsburg which,
up to the moment of his capture at Dresden, he had
repudiated. It now appears that, finding himself
in the power of his enemy, he has merely laid
down his arms ; he ia, in fact, simply a prisoner on
parole within the limits of the Austrian empire.
There is nothing humiliating to him in this trans-
action. The Presse is of opinion that the Emperor
of Austria has got out of the difficulty " as happily
as possible ;" but this is a proposition in which I
can only agree upon the assumption that there was
some shadow of legality for Count Teleki's extra-
dition. I have met with several Germans who
contend that Saxony was justified by her federal
obligations in giving up the Count ; but I do not
think that they make out their case.