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

COMMERCIAL INTELLIGENCE,

The unfavourable war news, and the general un-
certainty of military movements, has increased the
premium on gold to 612 ; Exchange, 1751; Govern-
ment Sixes (Registered, 1831), 111 ; Treasury
Seven• Thirty NJtes, 111; New York Central Rail-
way, 1379 ; Erie, 117; Illinois Central, 1341.
Cotton, 78. Breldstuffs active, at improved
prices. Provisions dull. Sugars, 13, 14. Coffee
firm.

MARCH 5, 11 CM

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 effictually 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 Wer Departments.
In the Senate, on the 2d inst., Mr. Thompson, of
Maryland, threw the whole blame of the Florida
disaster upon Mr. Lincoln.
Mr. Lincoln's nomination of General Grant for
the Lieutenant-Generalship has been confirmed by
the Senate.

The Louisiana Unionists elected their free State
candidate on the 22d !tit., under the dictation of
General Banks.

Gold, 162.

(REUTER'S TELEGRAMS.)
BAVARIA.

PROCLAMATION OF THE NEW KING.
MUNICH, MARCH 11

King Ludwig 11. has issued the following pro-
clamation upon hii accessinn to the Bavarian

Throne :

" We, Lud wig IL, by God's grace, King of
Bavaria, to our beloved subjects, greeting.
Almighty God, in his impenetrable decrees 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 ns, according to the constitution, the golitical
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
their legitimate and only Sovereign, to pay us
inviolable fidelity and obedience, and to fulfil all
duties 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 our 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
:o the proclamation.

FRANCE.

PARIS, MARCH 16.

The Moniteur 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 meetirgs 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, Minh 15.—The market has been heavy
with at first a downicard tendency, but prices have
since improved. Threes, for the Account, are now
nnvaried at 66f. 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 :-
41 per Cent 5....... 93 20 Italian Loan 6B 30
Do. eud month.... Do. end month —
3 per Cents ...... 66 75 New ditto
Do. end month.... 66 75 Do. end month — '
Credit Mobilier.... 1069 . 75 Russian
Do. end m0nth....1065 Austrian -
Bank Shares 3310 Spanish Threes....
Credit Fonder 1270 Flome Debt
Roman .......... Deferred

RAILWAYB.
Cash. Account,
Orleans lOO7 50 1010
Northern 953 75 957 50
New ditto
Lyons and Mediterranean 935 • • 935
New ditto
Sputhern
Western - 515


SEarulastienrnian .. ....
375 .. 375
Austrian
Lombard
North of Spain
Saragossa..
Ditto to Barcelona -
-

THE CONFEDERATE TUSCALOOSA.—The corre-
spondence respecting this vessel and her movements
in the vicinity of the Cape of Good Hope, has been pub-
lished in a Parliamentary return entitled " North America,
No. 6.1' The correspondence extends from Sept. 26, 1563,
to the 11th of the preeent 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. Tho 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 sec ,nd visit to
Simon'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 uncondemned
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 previnel, visited
the Cape,

The Procureur-Imperial and 31, Mazzini,

TO THE EDITOR OF THE TIMES.

Sir,—My attention has been called to an article
in your paper of this day in which, referring to the
statement of the Procureur-Imperial on the Greco
trial, you imply that something further is needed
in order to clear the character of Mr. Stansfeld
from the imputations made upon him by that fune
tionary of the Imperial Government.
Those imputations were contained in a speech
tottally unsupported by legal evidence; and I should
have thought that Mr. Stansfeld's character and
general denial in the House of Commons would
have satisfied any fair-judging person of the un-
truth of such charges. But if my testimony might
be decisive of the question I cannot withhold it
from one whose friendship I highly value, and who
has spoken so generously of me in an assembly
where his doing so might expose him to some in-
convenience and misinterpretation.
I have therefore to request of you the insertion of
this letter.

The two assertions of the Procureur•lwperial, as
quoted in extenso by you, are :
That Greco was to write to • the address, " Mr.
Flower, 33, Thurloe-square, Brompton," if he was
in want of money.

I That Mr. Stansfeld had been in 1857 appointed
to be the banker of a Tibaldi Conspiracy Fund.
It is true that at various times, owing to letters
addressed to my name being stopped or tampered
with by Continental policy, I have asked my Eng-
lish friends, and among them Mr. Stansfeld, to re-
ceive them for me, the contents of the letters being
naturally unknown to them. But it is not true
that I ever gave to Greco the address of " Flower,
35► Thurloe-square" (or indeed any other name),
for the purpose of applying for money or anything
concerning an anti-Imperial plot.
And it is not true that I ever asked Mr. Stansfeld
to be the treasurer of a Tibaldi Fund. Such an
absurd fund has never to my knowledge existed.
As to what in your article concerns me, I have
promised to myself not to write one single word
more about the Greco affair. lam perfectly con-
tented to leave to fair, dispassionate English opi-
nion the judgment between Greco and me. I say
between Greco alone and myself, because everybody
must have noticed that all the affirmations aiming,
in the French indictment, at establishing many
sources of accusation against me—the summoning
of the four men to Lugano; the distribution of
daggers, revolvers, and bombs ; the accepting Im-
peratori as one of the band—have, through the
trial, dwindled into nonentity.
And as to the " Theory of the Digger," the first
time I happen to write on it it will be modified
into the " Theory of the Moral Dagger." Those
who will condescend to read the whole of the pam-
phlets quoted by a member of the house will see
that my object was precisely that of excluding the
possibility of a Theory of the Dagger.—l am, sir,
yours faithfully, JOSEPH MAZZINI.
Tuesday Evening.