The Sun.
London, England, 1864-08-03 00:00:00

FRANCE.

The Emperor Napoleon 111. has written the fol•
lowing impressive letter in reference to the
" Opera" and the " Hotel-Dieu" to Marshal Vail-
lant, Minister of the Imperial Household and of the
Fine Arts :

" Vichy, July 31.

"My dear Marshal,—l wish to inform you of a
reflection which has occurred to me during the
repose which lam enjoying here. Two great esta-
blishments are to be reconstructed at Paris with a
very different destination—the Opera and the Hotel
Dien. The former has been already commenced,
while the latter is not so yet. Although executed,
the Opera at the cost of the State, and the Hotel
Dieu at the expense of the hospices and of the city
of Paris, both will not the less be remarkable mo-
numents for the clpital ; but as they respond to in-
terests of a very dtflerent character, I am unwilling
to allow one to appear more protected than the
other.

"The expenses of the Imperial Academy of Music
will unfortunately exceed the estimates made, and
the reproach must be avoided of having employed
millions for a theatre whey the first stone of the
most
Popular hospital of Paris has not yet been laid.
Recommend therefore, I pray you, the Prefect of
the Seine to get the works of the Hotel-Dieu imme-
diately commenced, and be so good as to have those
of the Opera so directed that both shall be termi.
nated at the same time. That combination, I admit,
has no practical advantage, but in a moral point of
view, I attach great importance to the fact that the
building intended for pleasure ahoald not be finished
before the asylum of suffering.
" Receive, my dear Marshal, the assurance of my
sincere friendship, " NAPOLEON."
The Monde has a mode of arguing peculiar to
itself. Peace, it declares, seems at present to dawn
in the political horizon, not only in Europe but
probably in America, and therefore France ought
to look on England with suspicion, if not expect
hcstiiities from her ! Bat that our readers may not
suppose that we are indulging in a misplaced jest,
we proceed to give a portion of our contemporary's
observations. Referring to the intelligence which
has just arrived of the arrangements for peace made
at the Vienna Conference, the writer says :—" Den-
mark, alore against two Powers, can only avoid
complete ruin by submitting to the will of the con-
querors. It has often been in the wrong, its mis-
fortunes are the consequence of its own fault, but
its honour is slfe, and it can yield without dis-
grace. Tlin3 the roar of artillery will soon cease
in Europe, and we may like wise hope that blood
will not much longer be shed in America. Poland
is silent—the Caucasus is becoming a desert—a
word has sufficed to send Garibaldi back to Cap-
rera—appearanecs are therefore in favour of those
who expect that peace will be preserved. But
afterwards; When peace has Ineu bigued with

Denmark, what will be the policy of the three Powers
whose accord has so much occupied the attention of
statesmen for some weeks past ? What are the
intentions of Prussia, of Russia, and of Austria ?
And in presence of the eastern alliance, or at least
good understanding, what will the two Western
Powers do ? One thing already appears evident,
which is, that Russia has recovered all her former
influence over Germany, and that her policy again
weighs on Europe as before the Crimean war.
E very time that Poland is obliged again to lie quiet
in her Russia becomes a menace for Europe;
this threatening attitude of Russia dates from 1772 ;
after 1830, the crushing of Poland rendered Nicholas
the arbiter of the situation; after 1863, Russia again
advances over the ruins of Poland to weigh on the
West. Prussia cares little for this state of things;
intoxicated with her recent successes, on the eve of
attaining the end at which her ambition has so long
aimed, she is indifferent to the future which Russian
influence is preparing for Germany; all she now
asks is, that Russia will leave her free to act at the
present moment i 6nd in order to obtain that result,
she leaves R:,ssia full liberty to carry out her own
schemes."

BOVRSE, August 2.—The market remains the
cane as yesterday, with very little business doing,
owing to speculators being engaged in the monthly
settlement, which has been easier for railways and
miscellaneous securities than for Route. The
market closed as follows :-
41 per Cents .. 94 25 Italian Loan 6B 20
Do. end month.... Do. end month 6B 10
3 per Cents
Do. end month.... 66 45 New Mexican
Credit Mobilier....lolo Russian
Do. end m0nth....1005 Austrian ..
Bank Shares 3360 Spanish Threes....
Credit Foncier 1205 Rome Debt
Roman
'AY%
Cash. Account.
Orleans.., ..... 3........ 877 50 875
Northern .... 976 25 .. 980
Lyons and Mediterranean 900 905'
New ditto
suuthern
Western
Eastern .. • . -
Sardinian 350 .. 343 75
Austrian
Lotebud
North of Spain
Saragossa.. 523 75 .. • 522 50
Ditto to Barcelona

RAIL'