The Sun.
London, England, 1864-07-26 00:00:00

THE S'u'N,' LONDON, TUESDAY E,VklkiING, JULY 26, 1864

LATEST ISTELLIGENOE.

IREUTER'S TELEGRAMS.]

FRANCE.
PARIS, JULY 26 (Morning).

Orders have been given in the military ports to
despatch the necessary ships to Mexico to bring
back the troops that are to return from that coun-
try. The ships will leave France early in August.
The Paris journals continue to remark on the
Imperial decree for reorganising the administration
in Algeria, but in general their observations are of
a pale, undecided character, and certainly far in-
ferior ia energy of expression to the almost hostile
extracts which we have given from the Opinion
Nationale and the Gazette de France. Thus, for
instance, the Monde merely says One thing
seems clear—that Algeria is returning to military
government. So long as there is no serious plan
of colonisation, we shall be perpetually oscillating.
We are even ignorant of what the prefects do in
Algeria, and what they have to administer.
The Nation sums up its opinion in these words :
" There is nothing changed in Algeria—there is
only a prefect the more, and the military supre-
macy is more firmly established than ever." The
Patrie confines itself to showing that the consider-
able changes introduced into the rig:one of Algeria
have for object to assure the comre.tete predominance
of the military element. Tae Debats makes the
following observations There are two impor-
tant points which
need be considered in any dis-
cussion on Alge-ria. In the first place Algeria
is not purely and simply a colony founded,
like the English ones, by a free move-
ment of emigration, developed by the in-
dividual initiative of a few enterprising men;
it is, above all, a conquest to which the mother
country has devoted too much of her wealth and of
her most precious blood not to have the right to
retain, so long as she may think proper, the supremo
direction of its government. In the second place,
Algeria is not, like Bourbon and the Antiles, peo-
pled with one race, that of resident
Europeans; itelis occupied by two nations, differing
in origin and religion, one of which, having long
been master of the soil, only submitted to France
on certain specified conditions, after obtaining the
solemn promise that its property, customs, and laws
should be respected by the conqueror. It appears
to us that too little attention is paid to this double
character peculiar to our possessions in the North
of Africa by these who compare the institutions given
by England to Australia and even to Canada with the
institutions which have at different times obtained
in Algeria, and who pretend to draw decisive argue
ments from the comparison of objects and situations
so widely different."
The .Presse declares that it can readily understand
Marshal Randon's scruples relative to the system of
duality, the unfortunate effects of which he bears
witness to; that journal has little confidence in the
union of the civil with the military regime.
" Either one or the other," it says, " should be
adopted." Still the Presse has ingeniously dis-
covered a method to do without either. It is
almost prepared "to look upon the inefficiency
of all the systems as an argument against the
occupation itself !" The work which France
commenced in 1830, and which she has been steadily
pursuing for the last 34 years should therefore be
abandoned. The colonists, who at the price of so
many sacrifices have succeeded in founding such
valuable establishments there, should resign all. To
immigration to that country must succeed emigra-
tion from it. This idea is too unpatriotic to be
seriously entertained. When brought for ward in
the Chamber of Deputies by N. Desjobert, it was
laughed at, and will probably be similarly greeted
now by the public.
BOURSE, July 25.—The market is somewhat
firmer to-day, but there has been scarcely any
variation in prices. Threes, for the Account, opened
at 66f. 10c. and rose to 66f. 15f. Mobilir opened
at 0801., and have gradually risen to 985 f. But
little doing in B,ailway Shares, but prices show a
slight upward tendency. The market closed as
follows :

41 per Cents .. 94 50 Italian Loan 6B b
Do. end month.... Do. end month 6B 05
3 per Cents
Do. end month 66 10 Naar Mexican .... 56 50
Credit Nobler..., 982 50 Russian
Do. end month.... 985 Austrian
Bank Shares 3390 Spanish Threes.... 51
Credit Fancier l2lO Rome Debt .. —
Roman -

RAILWAYS.
Cash. Account.
Orleans 872 60 .. 872 50
Northern .... 978 N .. 877 50
Lyons and Mediterranean 895 .. 897 50
New ditto
Southern 637 50 .. 640
Western
Eastern
Sardinian
Austrian
Lorr bard
North of Spain
Saragossa.. 526 25 .. 527 50
Ditto to Barcelona -