The Sun.
London, England, 1852-04-01 00:00:00

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The Moniteur contains only a few lines of the pro-
ceedings in the Senate and Legislative Corps yesterday.
The Sonata has elected General REGNAULT DE ST. JEAN

D'ANaELY and the Duke DE CANBACEUES its secretaries.

The papers confirm the news of the refusal of the
POPE IO allow the Prince DE CANINO to approach Rome.
Tho AssembNe Nationale contains an observation on
the speech of the PRINCIO-PRESIDENT which is not un-
worthy of attention, as coming from the organ of M.

GIIIZOT and the Fusionists. It asks—
,, Will the new power which has just established itself
remain within the conditions which it has marked out for

itself ? We may be permitted to think, after having read
the speech of the President, and without in the least calling
in question the sincerity of the personal sentiments ex-
pressed by him, that the ' Empire is near.' It is formally
indicated.—it is even declared necessary, if certain eventu-
alities arise. And to say out our whole mind, we will add
that it appears to us so inevitably involved in the force of cir-
cumstances, that it would have been better to have pro-
claimed it now than to have exhibited it as a sort of punish-
ment held in reserve against the underhand intrigues of
parties."
In the same article we find the following well-toned
and loyal observations:—
" Vague feelings of uneasiness exist in Europe. It is with
a kind of anxiety that the acts and the words of the chief
of the French Government are watched. The name which
he bears, the re-appearance of the eagle on our standard,
the expectation of the proclamation or the Empire,—all these
causes have spread apprehensions abroad, which we doubt
not will be calmed by the speech which has just been de-
livered. A conflict in Europe would be for every one a ter-
rible adventure, and it would open for France a series of
events which we will not prognosticate. Peace is necessary
for all the world. It is that which Prince Louis Napoleon
admits by the concluding words of his speech, when he ex-
presses the hope of securing internal order in a manner to
assure the happiness of our country and the repose of Europe.
If we really enter on an epoch of social consolidation we
shall be the first to rejoice at it. We desire that the
institutions which the nineteenth century has in-
augurated should be loyally tried, and all their
good qualities tested. This trial depends more particu-
larly on the attitude of the Senate and of the Legislative
body. While lending to the Government which has created
them a firm co-operation, they owe it no less the frankness
of their sentiments and of their counsels. The President, it
must be admmitted, appears himself to invite them to it by
the words in which he proclaimed that the Constitution was
about to be carried into effect. Of the two shoals which he
pointed out in the past—that of excess of despotism and ex-
cess of Parliamentary regime—it is not the latter which is
now to be feared. Since the Chief of the State wishes that
the bodies which he has created should enjoy great influence
and a high consideration, it is for them to merit that in-
fluence and that consideration by an enlightened and real in-
dependence.'
The Legitimatist Union, while manifestly cherishing
visionary prospecls of a Bourbon restoration, does not
withhold i:s approval of the sentiments of the Presi-
dential oration. " The language of Lours NAPOLEON,"
says the Union, "breathes calmness and reflection. Ile
has appreciated the Empire as history itself judges of
it—a too absolute exercise of power. It is a sort of en•
gagement not to allow himself to be led away to imitate
it. It is true that this resolution is subject to a re-
striction expressed by commicatory reasons." Here
the Union quotes the passages of the speech in which
the PRESIDENT declares the only causes which would
lead him to make an appeal to the people
for a higher title, and continues :—" We are
plowed to think that these difli=lties are not
very probable, and besides it would still be
the people who would be called on to pronounce on the
necessity of a new transformation of power. We do
not believe in underhand proceedings of parties, be-
cause we are convinced that they would be without effi-
cacy, without power, and without result. Besides, the
parties are bettor acquainted than is imagined with
the necessities which ought to restrain them. They
know that a now power is strengthened by imprudent
aggressions, by conspiracies, or by cabals. Govern-
ments, whatever may be their origie, have never fallen
under such attacks. It is only when public opinion
reacts against the faults which they commit that th,-y
see themselves totter on their base, and then, and
only then, the slightest puff is sufficient to overthrow
them. What is the greatest interest of the old mo-
narchical parties? It ns9nredly is to preserve so-
ciety, to strengthen order, to defend and cause the
triumph of the great social virtues. Unassailable on
this ground, it is their duty . to resolutely maintain
themselves on it, without allowing themselves to be led
away in senseless enterprises. Confident in the senti-
ments of France, they ought to study her wants, pro-
mote her interests, and offer up vows for her liberty,
her glory, and her repose. In remaining unflinchingly
faithful to their convictions and to their principles, in
showing themselves united with all right-thinking men
for all which can save our common country, they may
repeat the words which Louis NAPOLEON did in 1850,
GOD will do the rest.'" _ _ _

M. EMILE DE GIRARDIN, who has been allowed to
return to Paris, has resumed his editorial pen in the
Presse. After showing the difficulties to bo encountered
by a journalist, he nevertheless concludes that he may
without danger enter on his renewed enterprise; for as
conspiracy could only serve the purposes of a monarchi-
cal restoration, to which he is opposed, he will faithfully
servo a Republic that, resting on the basis of universal
suffrage, must lead to future liberty.
We read in the Constitutionnd :—" The three railway
companies which have formed a fusion with the Orleans
Company, have come to the arrangement on the follow-
ing conditions:—The shareholders of the Centre Rail-
way will receive one Orleans share in exchange for two
of their shares completely paid up; those of the Bor-
deaux line, one Orleans share in exchange for three
of their shares on which 275 f. have been paid; those
of the Nantes line will receive one Orleans share
in exchange for four of their shares on which 425 f. hate
been paid. These exchanges will necessitate an issue of
96,333 new Orleans shares, and will carry up the num-
ber to 176 333. The shareholders of the Bordeaux and
Nantes will have no other call to pay, and the Orleans
Company takes on itself to complete the works on these
two lines by means of a loan at 4i per cent., which it
calculates on being able to negotiate at par."
We are assured," says the Patric, " that two en-
voys extraordinary, charged by the Governments of
France and England with a special combined mission,.
are about to visit Brazil and La Plata. The object et
this mission, in which the envoys will act in concert, is
to open to the commerce of the world the River Li!
Plata, and its tributary streams, Parana and Uruguay.
The Dthats says :—" A conference is about to be
held in Loudon, composed of the representatives of the
five great Powers and of Sweden, in order to regulate
definitively the question of the Danish succession. A
convention to that effect will be signed, it is supposed,
in the course of next month. The Duke of Augusten-
burg is to be called on to accept or refuse, within a
specified period, the offers of a very advantageous in-
demnity which have been made to him by the King of
Denmark. All the Powers, even Prussia,
engage the
Duke of Auguatenburg to accept."
PARIS BOURSE, MARCH 31.

The market has been rather heavy today. Stock has
been offered, and prices at the close were quoted lower
than yesterday; Threes for the account at 71f., and
Fives at 100 f. 25c. The market closed as follows:—
Threes, for cash, 701. 90c.; for account, 71f.;
Fives, for
cash, 100 f. 30c.; for account, 100 E 25e.; Four-and-a-
Half, 101 f. 25c.; Spanish Threes, 441. 50e,; Neapolitan
not quoted.
RAILWAYS.—Railvvay Shares have been also offered
fuely, the necessities of the settlement requiring
many who had lately been heavy buyers to sell.
Prices at the close wore generally quoted lower.
Orleans closed at 1,135 f.; Rouen, 710i'.; Avignon, 2651.;
Vierzn, 5381 75e.; Bale, 230 f.; Bordeaux, 5701;
Paris and Strasburg, 548 f. 75c.; Paris and Lyons,
600 f.; Nantes, 332 t. 500 ; Dieppe, 2301.; Monte-
roan, 165 f.; Northern, 6461.25 c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, MAncit 31.
Boulogne and A.miens,l3l,4—Charleroi and Erquelines, 14
—Dutch Rhenish, 4%—Laxembourg, 44,—Orleans and
Bordeaux, 13(1—Rouen and Havre, 111h--Western of
France, 7.