The Sun.
London, England, 1864-11-09 00:00:00

SAFETY OF THE SAXONIA.

SOUTHAMPTON, Nov. 9.

A telegram received here from Falmouth, dated
eight o'clock last night, says that the steamer Saxo,
nia is steaming slowly up Channel, with machinery
disabled. She is expected to reach this port this
evening. The Bavaria has been detained to take
on her mails, passengers, &c., to Hamburg.

NEW AUSTRIAN LOAN.
VIENNA, Nov. 9.

A new State loan for 25,000,000 florins, bearing
5 per cent. interest, was officially announced this
morning.
The issue price is fixed at 87.

SPAIN.

MADRID, Nov. 8 (Evening).

Senor Bravo Murillo has published a pamphlet
against the holders of the certificates of the Passive
Debt, who, he says, have no right to provoke
solemn declarations and promises on the part of the
Government, es the Chambers have always rejected
their exaggerated demands.

The Corregyowdencia asserts that the Government
will shortly introduce a new and more liberal press

aw.

FRANCE.

PARIS, Nov. 9.

The Moniteur of this morning publishes the re-
port of Rear... Admiral James upon the expedition
in the Straits of Simonosaki.

The diplomatic convention regulating the sugar
legislation was signed yesterday at Paris by the
representatives of England, France, Belgium, and
Holland. _ _

BOURSE, Nov. B.—The market has been rather
More buoyant, and quotations have improved.
Threes, for the Account,:after having been done at
651., are now at 641. M. A fair amount of busi•
ness done in Mobilier at 8901. Railway Market
quiet, but firm. The market closed as follows :

41 per Cents. 9l 95
Do. emd month
3 per Cents
Do. end month 65 5
Credit Mobilier B9O
Do. end month 893 75
Bank Shares 3395
Credit } oncier 1165
Roman .. 74

Account.

Italian Loan 64 45
Do. end month 64 85
Ditto Threes
New Mexican
Russian .. B5
Austrian
Spanith Threes 45
Home Debt
Deferred

RAIL

AIM
Cash.
0r1ean5..~...
Northern .... 972 50 .. 971 25
Lyons and Mediterranean 870 ~ 870
Southern 590 .. 585
Western
Eastern ....
Sardinian
Austrian
Lombard
North of Spain
Saragossa 463 75 .. 455
Ditto to Barcelona

The Franco-Italian Convention,

TURIN, Nov. 6,
The committee charged to examine the Govern
went Bill for the transfer of the Italian capital to
Florence has brought in its report. The following
are the most striking passages :
"If Italy has solemnly announced to Europe a
national programme, from which her honour will
not permit her to desist in any case and in any part,
it must, however, not be forgotten that this pro-
gramme has never been tcaepted by France, and
that, upon the contrary, it constitutes, at least for
the moment, a principle and point of departure
diverging from French conventions and views of
policy.
" Granting this, it is evident that the Government
of the King, in requesting the Imperial Government
to enter into negotiations, could in no way depart
from this programme nor invite discussion upon
that ground. To have acted thug would not have
led to any result, and would have broken off the
negotiations before they were fairly commenced.
" Those, therefore, who seek in the convention
immediate and positive satisfaction given to the
national aspirations of Italy with regard to Rome
seek what cannot be found there.
" But, as we could not ask France to place herself
as to negotiations at our point of view, France was
no better entitled to demand that Italy should adopt
her point of view by renouncing the national pro-
gramme. Universal disavowal and severe condem-
nation would not have been tardy to strike the
Government which should have accepted such a
position even for a moment.
" It is in taking account of this diversity of posi•
Lions and views that your committee has under•
taken the examination of the treaty; determined to
reject it without the least hesitation in case they
should find in it an insult to the sentiments of the
nation, and any modification whatever of the pro-
gramme which the King, the Parliament, and the
country are all agreed in the desire tc maintain in-
tact ; determined equally to recommend it to your
approbation in case, without inflicting injury upon
these unalterable and inalienable bases, it should
appear acceptable and praiseworthy in other re-
spects. We are now happy to tell you the reasons
which have caused us to adopt the latter part.
"The obligations imposed upon Italy by the con-
vention are too clearly expressed and too exactly
defined to authorise with any foundation the con-
clusion, or even the suspicion, that Italy thereby
renounces her aspirations towards Rome.
" No, we do not renounce Rome ; we do not
renounce going there in future, We simply re-
neunce going there in force. But this renuncia.
tion is in no way a contradiction of our national
programme; it is, upon the contrary, in perfect
harmony with the memorable order of the day of
March 27, 1861, which happily summed up and
stated our programme, and with all the subsequent
declarations of the Chamber. It is true that by
♦irtue of the convention this programme, which
was only a voluntary and spontaneous resolution on
our part, acquires the force and character and
obligation entered into by contract and of an in-
ternational engagement; but this diversity of form
in no degree alters the substance of the thing,
for the reasons which traced out for us this line
of conduct beloged to so superior an order that the
necessity arising out of them was not less imperious
than that resulting from the convention we have
under examination.
"In the opinion of your committee the temporal
power will only be irrevocably overthrown and de.
stroyed by its impotence, and Italy is as much and
more interested in this fatal experience as its most
ardent adversaries seem to be. Your committee
perceives that it would be superfluous to persist in
demonstration that the treaty makes no attack upon
the bases of the national right. It is enough if they
limit themselves to calling the attention of the
Chamber and of the country to the diplomatic do-
cuments which have been laid before us at the same
time as the convention, and in which the same thesis
is constantly supported and defended with raro
talent and indefatigable energy. But if the con-
vention of the 15th September was not intended to
satisfy either the French programme or the Italian
programme upon the subject of the question of
Rome, what then is its meaning.
" Your committee still think that this meeting is
clearly apparent from the convention itself. It has
had in view and for object to cause the cessation of
the French oceupation of Rome, and to regulate
the ccneequences of that fact. It was precisely in
confining; the subject of the negotiations within
these limits that an agreement has been possible
between the two Governments upon the basi

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