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 Vall-
iant, Minister of the Imperial Household and of the
Fine Arts :

" Vichy, July 31.

•
roe during the
"My dear Marshal,—l wish to inform you of a
reflection which has occurred to
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
Dieu. 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 ar.d of the city
of Paris, both will not the less be remarkable mo•
numents for the capital ; but as they respond to in-
terests of a very different 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 when the first stone of the
most popular hospital of Paris has not yet bean laid.
Recomniend therefore, I pray you, the Prefect of
the Seine to get the works of the Hotel-Dieu imme-
diately commenced, and be so gocd 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 should not be finished
before the asylum of suffering.
"Receive, my dear Marshal, the assurance of my
sincere friendship, " NAPOLEON."
The Monde hes 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
hostilities 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, alone against two Powers, can only avoid
complete ruin by submitting to the will of the con.
querore. It has often been in the wrong, its mis-
fortunes are the consequence of its own fault, but
its honour is safe, and it can yield without dis-
grace. Thus the roar of artillery will soon cease
in Europe, and we may likewise hope that blood
will not much longer be shed in America. Poland
is silent—the Caucasus is becoming a deeert—a
word has sufficed to send Garibaldi back to Cap-
rera—appearances are therefore in favour of those
who expect that peace will be preserved. But
afterwards! When peace has been signed 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 P 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 tomb, 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
arks is, that Russia will leave her free to act at the
present moment; and in order to obtain that result,
she leaves Russia full liberty to carry out her own
schemes."

BOURSE, August 2.—The market remains the
same as•yesterday, with very little business doing,
owing to speculators being engaged in the monthly
settlement, which has been easier for railways iind
miscellaneous securities than for Rente. The
market closed as follows :

41 per Cents .. 94 25 Italian Loan 6B 20
Do. epd month.... Do. end month 6B 10
3 per Cents
Do. end month.... 66 45 New Mexican .... 56 25
Credit Mobilier....lolo Russian
Do. end m0uth....1005 Austrian --
Bank Shares 3360 Spanish Threes.. • .
Credit Foncier 1205 Home Debt .. 43 75
Roman — Deferred -
AYB.

RAIL

Cash. Account.
Orleans 0000000 1.•• •a• • •• 877 .50 .. 875
Northern
Lyons and Ileditcrranean 9uo .. 905
New ditto
Southern .. 636 25 .. 638 75
Western
Eastern
Sardinian .. 350 343
Austrian
Lon.b,Ard .. 530 .• 635
North of Spain
Saragossa
Ditto to Barcelona .... 4-10 25 .. 247 50