The Sun.
London, England, 1855-01-01 00:00:00

LATEST NEWS.

THE SIEGE OF SEBASTOPOL

We have received by way of Vienna the follow
ing despatch from a correspondent at Constan-
tinople, dated December 21 :

"On the 16th the Russians made a sortie by
night, but were repulsed by the French, after a

severe struggle.
" The Rifles also repulsed a Russian sortie.
" Our mortars and batteries are ready to open,
but the heavy rains impede the progress of the
siege, and cause great sickness.
"General Adams died of his wounds on
the 19th.

"Since the 16th of November 24,000 Eng-
lish, French, and Turks had arrived in the

Crimea in the British vessels.

" The Turks at Eupatoria have been much
strengthened from Varna."
Our Vienna correspondent adds :

" The following telegraphic news is in several
of our papers this (Saturday) morning, but does
not deserve implicit confidence :
" ODESSA, DEC. 25.

" A courier has just brought intelligence tha

General Liprandi's corps, powerfully reinforced, is

attacking Dalaklava.' "

THE NEGOTIATIONS AT VIENNA.
We have also received the following despatch

from a correspondent at Vienna:—
" VIENNA, SUNDAY EVENING.

"At the request of Prince Gortschakoff, who
declared that his powers were not sufficient to
enable him to accept the four conditions as inter-
preted by the Allies, the representatives of the

other Powers have consented to wait 14 days
from the end of December for the definitive reply

of Russia."

VIENNA, DEC. 30.

The Russian troops in Bessarabia are estimated

at 150,000 men.

There i• nothing of importance from Sebastopo:

up to the 23d.

RUSSIA.
WARSAW, DEC. 23.

The first Corps d'Armee, commanded by General
Sievers, is completely assembled. Its staff is in the
centre of the position on the right bank of the
Vistula, that is at Radom, fourteen German miles
from this place. General Rudiger is commander-in-
chief of the first and third corps, and of the corps
of Grenadiers. He at the same tine acts as Go-
vernor-General. Prince Gortschakoff is General-
in-Chief of three corps in the south. Field-
Marshal Paskiewitch is generalissimo of all the

six corps, and is still at Warsaw.
ST. PETERSBURG, DEC. 25.

New measures have been taken by the Russian

Government to augment the revenue. The ex.

cise duties on tobacco have bean raised.

The following is given as an extract of a letter
addressed by the Emperor of Russia to Prince
Menschikeff, after receiving the report of the bat-
tle of Inkerman

" Most inward thanks to my brave army in my name
for their immutable fidelity. Tell them that the eye of
their Sovereign, and of all Russia, looks upon them with
admiration. They are the pillars and foremost chain.
pions of right. Russia's honour will, through them,
come forth untarnished trout Lhis WAL ."

THE PACIFIC.
SAN FRANCISCO, Nov. 24.

The Echo du Pacifique has the following in re-
lation to the Allied fleet, which sailed on Satur-
day and yesterday :
" The Eurydice, having on board the Russian
prisoners, sailed for the Sandwich Islands. The
Government has ordered the prisoners to be kept
there until further instructions regarding them
shall be received. The Forte and President will
proceed to Mazatlan, from whence, after a stay of
a few days, they will sail for Valparaiso, where they
will await orders to return to Europe, or any other
destination which may be assigned them. The
Amphitrite leaves for Honolulu, and from whence,
after a short stay, she will sail for Tahiti. It is
probable that the squadron will again assemble in
our harbour in a few months, and, in conjunction
with the Alceste and Adventure, again go north-
ward, although their movements will be controlled
altogether by the current of affairs in Europe."
The papers of this morning notice the departure
of the Pique also—destination Honolulu.

SPAIN.

MADRID, DEC. 27.

The Colima have rejected the proposition of
Sanchez Silva for suppressing the 03troi. There
were 116 for, and 128 against the motion.

THE FRENCH NATIONAL
LOAN.
The 3fonitcur publishes the following report
from M. Baroche :

" PARIS, DEC. 31, 1854.
"Sire,--The Senate and Legislative Corps associating
themselves with onpressement to the idea of your Ma-
jesty, have adopted the bill authorising a new loan of
500,000,000 f.

"That loan, destined to provide for the expenses of
a war so gloriously undertaken in the interests of civi-
lisation, and to maintain France in the rank which is
her due iu Europe, ought naturally to be a national loan.
"Thus your Majesty wished that, like the loan of
250,000,000 f., it should be realised by the means of a
public subscription.
" The experiment tried in March last succeeded too
well to render it necessary to think of having recourse
to other means.

" Public subscription, which excludes no one—which
appeals to the patriotism of all—which welcomes great
capitalists as it admits modest subscribers—which, in
making the whole public participate ia the benefits of
the loan, seems to diminish by that very fact the
sacrifice the State may impose upon itself, needs no
further explanation or comment. The happy issue it
has bad for the State, as well as for the subscribers,
guarantees the success it will have again.
" The country will reply by a new proof of confidence
to the new appeal of your Majesty.
" With the first loan the Four-and-a-Half and Three
per Cents. shared the subscriptions between them in un-
equal proportions certainly, but which showed that
both these values responded to the different classes of
subscribers.

" I have, therefore, the honour to propose to your
Majesty Ito offer, at the same time, to the choice of
takers in the new subscription, 41 as well as 3 per Cents.
"If your Majesty agrees to this proposition, the fol-
lowing might be the conditions of the loan :
" One of the principal advantages which can be
offered to subscribers results from the combination of

the terms granted for the payment of the subscriptions,
with the date the arrears of the renter issued shall be
paid to them.
"The payments of the capital subscribed are to be
made as follows :—One-tenth on subscribing, and the
remainder from month to month in 18 equal payments,
so that the last payment would- not take place till
1856.
"The arrears, however, of the "renter delivered' shall
be paid to the subscribers for the Four-and-a-Half per
Cents, after the 22d of Sept., 1854 ; For the Three per
Cents, after the 22d Dec. of the same year ; that is to
say, that, counting from those epochs, they will touch
the full amount of the interest of their capital, although
they will only;have paid up a portion. •
" The benefit of the terms is equivalent to the sub.