The Sun.
London, England, 1855-04-21 00:00:00

LATEST NEWS.

the value of 312 per cent. per annum—less than
it really is even at the present time—an annuity
for 30 years of 14s. 6d. will be worth about
12/. I2s. 6d. This wouli make the price paid
for the Consols 87/. 7s. 6d. But we must re-
member that the payments are spread over va-
rious periods up to the 18th December next,
while the interest runs from the sth January.
The interest on this money, estimating it still at
3i per cent., will be equivalent to nearly
21. lA. 8
-id., so that deducting that from the
8b7e4a78. 6(1. actually paid for the real price, will
fetehbesir„Bsk ss. 10d. per cent. But Consols
ace, the. market 89/. 15s both for money and
mxt. The . . */
Lwm.htua tit brilliant scheme of Sir G. C.
44 Pei, esixt.:l4BlPraetiettlly cost the country nearly
thus there has 25- 2d. on sixteen millions, and
the single everr: a dead loss of 720,000/. by
squan-
dered on the c 41::, or nearly the amount squan-
we doesmust not show the full
But even this "c'llt abortion.
so
loweo usider the causes that h
the loss.
reduced Consols extent of
chief
effectave
was produced by Sir '.
0" ~_9l- The
a penny-wise-and-pound rwl,o; is'i hiraself, h .
a quantity of Savings Ba- --5'..
.policy2Vl
no, in
market, and thus led to a. &ilk Ste'ek on thg
3 per cent. in the quotations, It is f°l4 2 teo
to say, that our dear Financia Minister ti1"31,21,°11
already cost the country from 1,0014--on'i has
naYtiontanliml-
-1,200,0001., a large price for the ver()'°d---- t°
tive talent which he brings to the
cer-
vices. It was also a grave mistake to l t
3,000,000/. stand over to be raised by Exchequer
Bills. Any addition to the unfunded debt should,
ruler existing circumstances, be carefully es_
chewed, 444 *short-sighted financier has, how-
.:, e.ver,id
Permitted that difficulty to remain sas-
s, , -, a .verv°4r. his head, thereby affording another
..... , ---.--, lut,, . 'using proof of his unfitness for the
Situation , , hick h
4,- , At to iiiii ieg, e has been pitchforked.
, . ._ i ~., poi
.., ,:: taxa ti -gOO , , •to be raised by additional
irt‘ 9VE ..t $OOO/, i
sto bQ obtained from au
(
it,,,,- .1.,. -,,..:•,:.,?.., - 2
---"--',..'"--_-•

›.-y
" A 4 \

The Imperial Visit has come to a termination.
The Emperor NAPOLEON, with his beautiful and
amiable EMPRESS, is now on his way back to that
fair laud and chivalrous people over whose des-
tinies he has been called upon to preside. He
brought with him a personal sympathy and esteem
for the British people, based on a knowledge of
their character and a due appreciation of their
achievements. He was welcomed with innumer-
able demonstrations of enthusiastic admiration
and regard—her Majesty the QUEEN Tieing with
her people in doing honour to their common guest.
He takes back with him, we trust, a host of
pleasing recollections never to be effaced, and a
more intense desire than before to tighten the
1 bonds of amity between the two nations. In his
return he is pursued by the most cordial wishes
for his welfare, and the prolongation of a rule that,
having resolved anarchy into order, has conferred
incalculable benefits on France, above all, on
her commercial and industrial population. The
visit was well-timed ; both guests and hosts had
reason to be satisfied with each other, and we
.trust its fruits will hereafter be found in the
brightest pages of French and English history.
Before we dismiss the subject it may be well to
take a retrospective glance over the principal
events of a week now drawing so fast to its close.
The magnificent welcome of the EMPEROR by the
British QUEEN and her people is a great fact.
Neither calumny nor time can do away with it.
It may be considered in three points of view. To
be gracefully welcomed and honourably entertained
by her MAJESTY, and, above all, to be received
with every circumstance of honour into the Most
Noble Order of Knighthood in the world, an order
that confers distinction on princes, could not but
be gratifying in a high degree. The EMPEROR,
who knows more of the tone and custom of our
Court than most men, cannot but feel that no
more signal proof of good feeling towards him,
and belief in the stability of his rule, could have
been shown by it than this. The hereditary rideri
of Europe would stare in stupid amazement when
they heard of it, and take at once to believing in,
and paying increased homage to, the Napoleonic
dynasty. The prompt and cordial invitation of
the City authorities, the splendour of the civic
hospitality, the address of respectful welcome and
congratulation from the princely merchants of the
metropolis, and similar addresses voted by some
of the principal corporations in the kingdom,
were a magnificent tribute to the beneficent
genius of the NAPOLEON of Peace. But
the immense multitudes indifferent in general to
sight seeing, and impelled by no feeling of per-
sonal aggrandisement, or anything save their own
impulses and judgment—who everywhere, after
waiting patiently for hours, hailed the appear-
ance of the EMPEROR with enthusiastic plaudits
and other tokens of welcome, gave to the proceed-
ing a value and importance they would not other-
wise have possessed. The EMPEROR now knows
beyond dispute, and Austria, Russia, Prussia, and
their satellites know that from the QUEEN on her
throne to her meanest subject, the alliance with
France is an alliance the most cordial and sincere,
arid composed of the most enduring elements.
The knowledge of this, it cannot be doubted, will
have an important influence on the War.
The visit of the EMPEROR to the Crystal Palace,
at Norwood, was not the least interesting event
of the week. These who have pondered over the
career of NAPOLEON the most impartially will not be
the least disposed to accord him the merit of akindly
sympathy for the industrial classes. In confine-
ment and in exile, as President and as EMPEROR,
a rooted regard on his part for the welfare of
labour is alike perceptible. Say that it is, and
has been, his interest to manifest such feeling—to
the elect of millions the fact conveys no reproach,
but rather honour, while it does not supply any
confutation. It was natural, therefore, that the
EMPEROR should accept her MAJESTY'S well-
chosen invitation with promptitude, and should
I repair with satisfaction to the Great Temple of
British Industry, that bright and sparkling edi-
fice, that, raised by capital, serves to proclaim and
illustrate the dignity of labour.
reflec-
tions the absence of Governmentalcontrol
erection and maintenance might
W h
suggesta t
initfi
tiits
not for us to say ; but of this
,his
w
assured, that the sympathy of
itsheepaEcifieaere.
PEROR with skilled labour d
tendencies would derive a new accession of strength
from the spectacle, coupled as it was with a re-
ception of the most overwhelming character.isown
On
capital
his return a Palace of Industry in his
will meet his eye, and, fresh from the inspection
of ours, he will the more readily perceive in what
respect it is deficient ; and what relaxed duties
and Imperial encouragement can do to foster na-
tive skill and enterprise will doubtless be done.
From this, on our part, there is nothing to dread,
but much to look forward to with hope. Each
country has advantages peculiar to itself—each has
much to learn which the other can teach, and the pros-
perity of both will be the greater and more durable
for a little rivalry and a cordial alliance. Above
all, on the industry of both nations
mrendedstslargely
their greatness ; and with
com-
merce, and the elevation of their respective
popu-
lations, will their mission as the leaders of
civili-
sation be the more readily achieved. In conclu-
sion, let us give expression to the sincere pleasure
we have felt on learning that our QUEEN accom-
panied her illustrious guests to Dover. It was
, gracefully done, has considerable significance, and
.ornria
'''' 4 fitting termination to a series of me-
morable events.

Xing of the
.
On Wednesday Baron James Rothschild ♦isited the
turning to Paris in the evening.
The new Lord nigh Commissioner of the lonian
Islands, Sir John Young, arrived at Corfu on the 9th.
Ileheans, at the Chateau de Lack en, re
Sir H. Ward was to leave on the 12th.
Letters from St. Petersburg, of the 10th, state that
the cold was still severe. The re-opening of the naviga-
tion of the Neva Was aot expeoted lastora the 15th of

BERLIN, SATURDAY MORNING.
The following message has been received here
this morning from Vienna :
The 11th sitting of the Conference took place
on Thursday. It is said that on that occasion the
Western Powers drew up their demands concern-
ing the Third Point in a specific form, to which
Austria adheres.
It is reported that these demands relate to
the limitation of the Russian fleet in the Black
Sea.
It is also said that Lord John Russell will
leave Vienna on Monday.

PARIS, SATURDAY.

An imperial decree, dated Windsor, 19th inst.,
appoints Admiral Hamelin Minister of Marine
and of the Colonies, in the stead of M. Docos,
deceased.

KIEL, APRIL 19.

The British fleet under Admiral Dundas,
twelve liners, with the Vulture, Bulldog, and
Firefly, have just arrived here and anchored.

FRAN CE.
(FROM OUR OWN CORRESPONDENT.)
PARIS, FRIDAY.
The following private telegraphic despatches
have been received to-day :
VIENNA 19th.—In the tenth sitting of the Conference,
says the Gazette de la Croix, the Russian Plenipoten-
tiaries declared that the Cabinet of St. Petersburg de-
clined to make any special propositions on the 3d point
of gunrantee, and that such propositions ought to pro-
ceed from the Western Powers. The conference
' took note of this declaration, and the Plenipotentiaries
of the Western Powers reserved their right of reply.
The Plenipotentiaries have just met for the eleventh
Conference, which may be decisive, without waiting an
answer to the despatches sent to London. Nothing
new from Sebastopol.
BERLIN, 19th.—The Journal de St. Petersbourg of the
12th publishes a manifesto of the Emperor Alexander
11., announcing that, on the occasion of Easter Sunday,
all prisoners for non-political offences were pardoned.
A curious telegraphic despatch from M. Drouyn
de l'Huys to the Emperor has been exhibited to-
day. It is to the following effect:—
"VIENNA, Wednesday, 18th.
" I have the honour to beg the Emperor to authorise
me, by telegraph, to persist in the refusal in reference
to which we communicated on the 160."
Another from London says it has been decided
at Windsor that the Emperor is to assume the
supreme command of the allied forces in the
Crimea.
Whether either of the above be true or false,
the funds have been considerably agitated.
Prince Eiterhazy, the Austria:Minister, is to
leave this evening fer Vienna. A despatch dated
before Sebastopol, of the 14th, states that the allies
obtained great success in the night of the 13th.
The letters and journals from Constantinople to
the 9th, brought by the Gauge, do not contain any-
thing of striking importan,:e. Dr. Levy, the In-
spector of the medical service of the French army,
has received the permission which he had applied for
some monthsaoo to return to France. The new Greek
Legation at Constantinople is completely installed.
The departure of Mehemet Bey, tbe successor of
Vely Pacha at Paris, is not yet fixed, and will de-
pend, it is stated, in a great measure on the proba-
bility of the Emperor Napoleon's visit to the East.
At the Porte that event was still considered by no
means unlikely. The French force amounted to
upwards of 75,000 men, and the English to some•
what less than 20,000, all in good health and eager
to revenge themselves on the enemy for the hard-
ships which they have had to endure throughout
the severe winter. On the sth, General Koscielski
(Sefir Pacha) arrived from Eupatoria with 25,000
men, all picked troops, who have distinguished
themselveson the Danube, and who are ccmmanded
by tried officers. Among them is the brave Isken-
der Bey. It is expected that this force, which has
been replaced at Eupatoria by the Egyptian divi-
sion, is intended for an offensive movement on the
Tchernaya. The accounts from Eupatoria confirm
the news before received that the works at that
place had been considerably extended, and were
nearly completed. The Russians, it appears, had at
one time surprised the bridge of the Lake of Sarik,
but were driven back in the course of the day,
and compelled to retreat to their former position.
The day after the Bashi-Bazouks attacked and
drove the enemy from the village of Bajai, but not
being supported, were obliged to abandon it.
Prince Stourdza, son of the ex-hospodar of Wal-
lachia, has given up his functions as chief of the
staff of Omer Pacha, and has been replaced by
Sear Bey (Count Koscielski), who, as mentioned
above, has accompanied the force sent by Omer
Pacha to Sebastopol.

BOURSE, APRIL 20.—CLOSING PRICES.
Cash. fr. c. End of Month.
4ji per Cents 94 —f. —c.
3 per Cents 69 90 70f. sc.
Credit Mobilier BOO Roman
Credit Foncior 540 Austrian
Belgian Fives O3/ Spanish Threes
Piedmontese _ 8i Home Debt

RAILWAYS-10R CASH.
fr. c. fr. c
Orleans
Western 650 Rouen
Cette
Mediterranean 990 Havre 555
Northern .. BBO -- Cherburg