The Sun.
London, England, 1864-08-27 00:00:00

CALCUTTA AND CHINA 'MAILS.

oboe;3 mails, arrived at
.4s day. The mails were
The Euxine, with the
Marseilles at 7 30 a.m. tb
to leave at 11 30 a.m.

(Letters on Monday morning.)

FRANCE.
PARIS, AUG. 27, Morning.
The difficulties which htd arisen between Turkey
and Montenegro in reference to the frontier have
been satisfactorily arranged by a Mixed Commis-
sion.

BOURSE, Aug. 2G.—The market continues in the
same lethargic state as regards the business doing,
while prices are well maintained. Threes, for the
Account, are unvaried at 66fr. 30c, Mobilier have
improved to 1,002 fr. 50c. Railway Shares offered,
and some of the lines quoted lower. The market
closed as follows:

4t per Cents .. 94 75 Italian Loan ...... 67 45
Do. end month.... Do. end month.... 67 60
3 per Cents -
Do. end month 66 30 New Mexican .... 56 75
Credit Mobilier 1003 75 Russian ........ Do. end month 1006 25 Austrian
82
--
Bank Shares 3380 Spanish Threes.• •.49 25
Credit koncier 1220 Rome Debt ...... --
Roman .. 76 50 Deferred

RAIL WAYS.
Cash. Account.,
Orleans .. •" 887 Pe s. 887 50
Northern ....
Lyons and Mediterranean rdi6 25 917 50
Southern
..
, 521 25 520
637 50 • 637 50
....
Western
Eastern ..
Austrian .
Sardinian. •• •, . 345
Lorrba-
..
. 431 25 431 25
Nor'.n of Spain
... 405 .
537 50 637 50
V 4ragossa 497 50 , 500
Ditto to Barcelona
..
The original articles of the Paris journals are not
of much importance, generally relating to subjects
already discussed. The Siecle, however, in a series
of remarks on the visit of tte King of Prussia to
the Emperor of Anstrie,
in-
terest respecting 0-
e relative positions of the ye.
dons German , gives some details of e
creae4;ag states, the conclusion arrived At
e.`., the two great Powers are gradually in-
being th
their influence and authority at the ex.
of the smaller States. The writer says:—
" It is only necessary to look at the obscure part
which the Secondary States of Germany play when
Prussia and Austria are in accord, to feel per-
suaded of the humiliating situation into which they
would fall, if those two Powers should come to a
definitive understanding. What, for instance, has
become of the grandeur of Saxon; which so often
Played a European part ? Where is that of Bavaria,
the Elector of which was the centre and pivot of the
greatest internal wars that are remembered in Ger-
many ? Who still bears in mind the preponderating
importance of Hanover ? Those States, which ought
to have availed themselves of the rivalry of Prussia
and Austria to become German bulwarks, have only
known how to take an undecided place in coalitions
They have lowered themselves day by day. They
have not understood that their real means of pre-
servation was to place themselves at the head of the
German revolution, and to constitute a strong Fe.
deral Germany. They have dreaded unity as much
as death, and have preferred to live under the shel-
ter of the protection afforded by Prussia and Aus-
tria. The Emperor Francis Joseph suggested to
the Confederation a plan which would have given
a kind of preponderating place to one of the secon-
dary States, He proposed five successive authori-
ties :-1. A Federal Directory composed of Austria,
Prussia, and Bavaria, thus admitted to a kind of
Precedence, and of two of the Princes whose con-
tingents form part of the Bth, 9th, and 10th corps
d'armee of tee Confederation ; 2, A Federal Coun-
cil, consisting of commissioners representing the 17
votes of the present restricted Council of the Fede-
ral Assembly ; 3, An assembly of delegates elected
by the representative bodies of the different States
of the Confederation ; 4, An assembly of Princes
and of the superior magistrates of the free towns;
5, A Federal Tribunal to judge a part of the causes
which now devolve on the Diet. But those
plans evidently had not in their favour
the appearance of good faith. The admis-
sion of Bavaria into the Federal Directory
only had for object to detach from the interests
of the Confederation a powerful member, and to
interest it by a kind of share in the ambition of
Prussia and Austria. All the co-Federates would
have been jealous of this new partner in the Em-
pire, and division would have been greater than
ever. But what is a stronger proof of bad faith is,
that in all those series of assemblies of Kings,
Princes, and delegates there was no place for those
elected directly by the people. Germany was only
represented by official persons—of the real national
representation there was none. No one can consider
as such the Chamber which would have been com-
posed of the delegates of the majorities devoted to
the Governments. That Chamber, moreover, would
find itself swamped in the series of other authori-
ties. It would have had above it the direction of
the three Sovereigns, the Council of 17 votes, the
Assembly of Princes, and the Federal tribunal,
all accorded active functions, whilst it would have
been invested with only a kind of deliberative
mission. If the Emperor of Austria had
really wished for a Germany worthy of the
name, he would have proposed an Assembly
elected directly by the people, and itself regu-
lating the great Germanic interests. Besides,
although that plan did not contain anything very
liberal, it was nevertheless rejected by Prussia,
King Frederick William, who now governs with
the sole co-operation ,of the aristocracy, and who
dispenses with a Budget voted by the represental

tives of Prussia, was not a man to accept for Fede-
ral Germany an Assembly elected even in the
second degree. On the other hand, the probability
is that the sharing of the Directorate with Bavaria
did not much please him. What is the use, as De
Maistre said, of that worn out and rusted machine ?'
Germany may see from all this, the Siecle argues,
that if nothing favourable resulted from her inter
rests from the visit of Francis-Joseph in 1863, there
is even less likelihood of something advantageous
from that of the King of Prussia to Vienna in
1864. Last year, it was Austria, who represented
the liberal element, and Prussia who opposed it ;
at present, the two Powers have drawn closer
together, and as the probability is that Prussia is
not likely to yield, it must be Austria who has
given up her ideas of liberalism; Prussia, who will
carry out her will, certainly not foreshowing any-,
thing propitious for Federal institutions.