The Sun.
London, England, 1864-07-05 00:00:00

FRANCE.

PARIS, July sth.
The Constitutionnel of to-day, in an article
signed by M. Paulin Lamayrac says:—
"Independent of the publications in the Morning
Post, and the denials which they have received,
there exists a condition of things which occupies
the public mind and which it is useful to discuss
frankly. The tendencies to oppose a reactionary
policy to modern ideas are under any circumstances
likely to exist."
The Constitutionnel then proceeds to show that
a coalition is impossible, and says

"In France the spirit of conquest predominates
no more than the revolutionary spirit,-but it is not
the same in other countries. Can it be said that
ambition is quite foreign to the war which has re-
commenced ? If a Holy Alliance were really
formed, and it would not be an easy task, such a
coalition of the past against the present, and of
Governments against peoples, would only be dan•
gerous to itself."
BOURSE, July 4.—The market has been without
animation, but prices well maintained. Threes,
M
last quoted at 66f, 15c. obilier have improved to
1,077 f. 50c. Railway market firm. The market
closed as fellows :

41 por Cents .. 93 90
Do. end month....
3 per Cents
Do. end month 66 15
Credit Mobilier 1072 50
Do. end month 1071 25
Bank shares 3310
Credit Fonder 1250
Roman

Iptoa.lleannd Loan ..
7700 50
Ditto Threes......
New isiexi,„ 66 2D
Russian ....
A ....

tustrian ........
Spanieh Threes.. • • ,0
Rome Debt ......
Deferred
........ -
PAIN

r.tu,

Orleans
Northern ....
Lyons and Mediterranean
New ditto
Southern
Western
Eastern ....
Sardinian
Austrian
Lon'bard
North of Spain
Saragossa
Ditto to Barcelona

Caah. Account.
875 877 50
1)92 50 992 50
887 50 .. 591 25

.• 50
64565 Z
500 • • 470
467 50 •• 366 25 366 25
.• 407 50
403 75 • • b36 75 637 50
• • 430
427 50 • • 555
552 60 e•
250 ••

ITALY.

A Turin letter of the Ist inst. in the Debate
says :—" The bill relative to the
sale of the State
railways has been presented, as you are probably
aware. The amount to be paid is 200 millions. It
would be very desirable that this bill and the one
relative to the amalgamation of the Roman and
Tuscan railways Should be voted this session. The
public service would gain by it, as the present pro-
visional state of things is an obstacle to any
serious improvement. is also another
which there would be geavite
voted this year, although it is one of a less im-
portant kind—that WhiehrTorauedlvdanrattaigfye aincohnatvriancgt
entered into
with several Italian bankers and
builders for the formation at Genoa and at Spezzia
yards.
of large shipbuilding The French Mee.
sageries.lmperiales
gives to that undertaking the
co-operation of its
capital and of its experience;
nevertheless the essentially Italian.
If Italy is to become
a great Power it must
yevi-
dently be by her navy, company is
and for that reason the
establishment of a large building yard was one
of the ideas of
- Count Cavour. General Cagia
will have the honour of carrying it into effect. I
some time since mentioned to you the action
which the Prince Crouy.Chanel brought against the
Duke of Modena. The latter refused to admit the
competency of the Italian tribunals and he has suc-
ceeded in getting his objection
invoked by the allowed. The motive
tribunal of Modena is really curious ;
it pretends that a Sovereign Prince, being out of the
pale of the law, has no fixed residence, and that
if he is a foreigner by birth, he remains civilly a
foreigner, even had he reigned for years. The
Prince do Crotty, you are aware,
has appealed."