The Sun.
London, England, 1864-03-16 00:00:00

AMERICA.

MARCH 5, 11 a.m

,he Senate.

(REUTER'S TELEGRAMS.)
BAVARIA.

PROCLAMATION OF THE NEW KING,

Throne :

their legitimate and only Sovereign, to pay us
inviolable fidelity and obedience, and to fulfil all
dnties towards us as towards their Sovereign sent
by God. We announce to them that we have
already taken the oath prescribed by the constitu-
tion. In order that the progress of public business
should not be interrupted, we order that all the
authorities of the kingdom should continue to dis-
charge their duties until fresh orders upon our part
are received; that, whenever necessary, official acts
shall be done in our name, but that the former
signets shall be made use of until new ones are pre-
pared. We especially remind all functionaries of
their oath to the Crown and the Constitution, and
trust that all oar subjects, as in duty bound, will
obey the orders of their legitimate Sovereign, for
which we bestow upon them our royal grace and
goodwill.

" LUDWIG."

The signatures of all the Ministers are appended
.0 the proclamation.

FRANCE.

PARIS, MARCH 16,

The Moultour of this morning says :—" For seve-
ral days past public meetings have been held in the
populous quarters of Paris under pretext of can-
vassing for the elections, at which the Government
was violently attacked. The meetings have been
dissolved, and a judicial investigation has been in-
stituted. No public meeting can take place with-
out authorisation, and the Government will continue
to make the law respected.'

BOURSE,
March 15.—The market has been heavy
with at first a down ward tendency, but prices have
since improved. Threes, for tho Account, aro now
unvaried at 661. 75c. Mobilier are also unchanged
at 1,065 f. The Railway Market remains about the
same as yesterday, with but little business doing.
The market closed as follows :

4i per Cents. 93 20
Do. end month
3 per Cents
Do. end month 66 75
Credit M0bi1ier....,1069 75
Do. end month 1065

Italian Loan 6B 30
Do. end month.. •
New ditto ......
Do. end month —
Russian
Austrian
Spanish Threes
Horne Debt
Deferred

Bank Shares

Credit Foncier 1270 --
Roman'

BAIL'

rAYS.
Cash. Account.
1007 50 .. 1010
953 75 .. 957 50

Orleans
Northern
New ditto ..............
Lyons and Mediterranean 935 • • 935
New ditto ............ .
Southern ........ • 655 • • 657 50
Western
...
Eastern
Sardinian ...........• 375 S.
Austrian ... 403 75 .. 407 50
Lon ... 536 *I 536
North of Spain 495 • . 493. 75
Saragossa .. 587 60 .. 585
Ditto to Barcelona 280 -- • •

THE CONFEDERATE TUSCALOOSA.—The corre-
spondence respecting this vessel and her movements
iu the vicinity of the Cape of Good Hope, has been pub-
lished in a Parliamentary return entitled " North America,
No. 6." The correspondence extends from Sept. 26, 1863,
to the 11th of the present month. The Tuscaloosa was origi-
nally a Federal merchant vessel, which, having been cap.
tured by the Alabama, was converted by order of Captain
Semmes into a tender to his ship. The legality of this
transfer was questioned by the Federal representatives
at the Cape, and the colonial authorities seemed rather
puzzled how to act in the matter. On her see ,nd visit to
Siwon's Bay, towards the end of December last year, Ad-
miral B. W, Walker ordered her to he seized, with a view
of her being restored to the Federals as an uneondemned
prize. This intention was not, however, realised, for on
the 4th inst. the Duke of Newcastle ordered the Tuscaloosa
ro be at once restored to the Confederates, as her detention
by Admiral Walker had not been in keeping with the free.
dom which she enjoyed when she had previonely Tisited
the Cape.

(From the Times Correspondent.)
(Per the City of London, end Cape Clear, March 16,

NEW YORK, March 4.
It is reported from Washington that the real
object of the campaign in the south-west has been
the overthrow of General Johnston's army; that
the demonstration of Grierson, Sherman, and
Farragut were feints to induce a division of John-
ston's army for the support of the points they
threatened, and that the late advance by General
Thomas towards Dalton was made by 35,000
troops, which was intended to be followed by that
of his whole force. The vigilance of the Con-
federates has frustrated the Federal plan.
Thomas's loss on the 23d, 24th, and 25th is now
estimated at 1,000 killed and wounded.
News of Kilpatrick's arrival within Gen. Butler's
lines is stated to have been received at Washington.
He destroyed a portion of the Virginian Central
Railway, and lost three colonels and 150 killed and
missing.

COMMERCIAL INTELLIGENCE,
The unfavourable war news, and the general un-
certainty of military movements, has increased the
premium on gold to 612 ; Exchange, 1733; Govern-
ment Sixes (Registered, 1881), 111 ; Treasury
Seven-Thirty Notes, 111; New York Central Rail.
way, 1371 ; Erie, 117; Illinois Central, 1341.
Cotton, 78. Breadstuffs active, at improved
prices. Provisions dull. Sugars, 13, 14. Coffee
firm.

It begins to be generally admitted that the
Spring campaign, both in Virginia and the South-
West, has been an utter failure.

Kilpatrick has found it impossible to reach
Richmond, and has arrived within Butler's lines.
Sherman's expedition has not yet accomplished
its purpose, and it is believed that he has returned
to Vicksburg.

General Thomas's advance upon Dalton and
Atlanta has been effectually checked by Joseph
Johnston.

The Army of the Potomac is at its old position at
Brandy Station, and General Meade has been sum.
moned to Washington for consultation with the
President and the 'War Departments.
In the Senate, on the 2d inst., IVIr. Thompson, of
Maryland, threw the whole blame of the Florida
disaster upon Mr. Lincoln.

Mr. Lincoln's nomination, of General Grant for
he Lieutenant-Generalship has been confirmed by

The Louisiana Unionists elected their free State
candidate on the 22d ult., under the dictation of
General Banks.
Gold, 162.

MUNICH, MARCH 11.
King Ludwig 11. has issued the following pro-
clamation upon hia accession to the Bavarian

" We, Ludwig IL, by God's grace, King of
Bavaria, to our beloved subjects, greeting.
Almighty Gad, in his impenetrable deceees and
will, having thought fit to call to himself our well-
beloved and highly-honoured father, the most illus•
trious King Maximilian 11. of Bavaria, and the
entire kingdom of Bavaria, with all its ancient and
modern possessions, having by this decease fallen
to us, according to the constitution, the political
and dynastic treaties, and in pursuance of our
right as next lineal and first born successor, we
have taken full possession of the same and assumed
the sovereignty of the kingdom.
" We, therefore, call upon all the inhabitants of
our hereditary States to recognise us henceforth as