The Sun.
London, England, 1863-01-31 00:00:00

SPAIN.

MADRID, JAN. 30.
It is stated that the Cabinet does not at present
intend to recognise the kingdom of Italy.
General Prim and Senor Oioz ga have come to
an understanding, and will both assume the leader-
ship of the Progressist party.
General Prim has gone to Valencia.
The Pueblo and the Epoca publish articles favour-
able to the settlement of the English coupons.
It is asserted that some deputies will shortly pre-
sent to Congress a bill relative to these coupons.

PORTUGAL.

LISBON, JAN. 24.

A rumour has recently been spread, it is sup-
posed, through intrigue, that the Bank of Portugal
is insolvent, but the mercantile community has
preserved its confidence in the establishment.
A disagreement has taken plaee between Senor Luz,
the Director •of the Bank, and Senor Bessone, a
leading shareholder, and many curious details have
found their way into the public papers. The Bank,
however, is generally believed to be perfectly
solvent.

The law abolishing the use of passports in the
interior of Portugal has passed the Cortes.
The corvette Sagres has left Lisbon with sealed
orders. Some say she has gone to bring the Duke
de Saldanha to form a new Cabinet ; others
suppose she is bound for the coast of Africa, a sta.
tiou obnoxious to the officers, to deceive whom her
destination was kept a secret.
The Cortes are discussing the law of entail, which
will now either be abolished or considerably modified.
The subscription instituted in favour of the Bri-
tish operatives promises to give a good result.
The Warrior, Black Prince, Revenge, and Defence

are in port.
3 xchange on London, 90 days, 541 ; Rentes, 471
to 472.

FRANCE.

PARIS, SAN. 30.

Le Steele in speaking of the debate on
the Address, remarks that there was but
one spe€ch, that of M. Thouvcnel, and one de-
claration of policy, that of M. Billault. It was

impossible to extricate oneself more ingeniously
from a difficult position than M. Tnouvenel did,
and he retorted upon his adversaries with as much
boldness as dignity the reproaches they bad directed
to him. M. Billault confirmed his words, and
the policy of the French Government may
consequently be thus defined. It wishes for the in-
dependence of Italy. It wishes also for the inde-
pendence of the Pope, guaranteed by the patrimony
of St. Peter. It seeks to accomplish these views
between the King of Italy, who demands Rome for
his capital, and the Pope, who refuses obstinately
to cede the eternal city. Victor Emmanuel says his
laical non possumus, and Pius IX. his pontifical
non-possumus. Between these two incompatible
resolutions we wait—we wait. Such is the policy
announced by M. Billault. The French Govern-
ment has not changed its policy, it has only selected
new men ; it has hoped that fresh remonstrances
might be more effective, because they would issue
from the lips of advocates more acceptable to the
Romish Court.

L'( 'pinion Nationale contains an article ou the
question "Is France ripe for liberty P" It answers
unhesitatingly in the affirmative to this important
query, and adduces various examples to prove that
it has been want of opportunity and not want of
will that has led to her being restricted in many
points of that political freedom which constitute
the honour and the strength of England.
In continuation of this subject the writer asserts :
—The State is too careful of us and gives itself too
much trouble. We are not so incapable as it sup-
poses. Let the Emperor, who has never had to
repent of his confidence in the French nation, try
to-day a new experiment; let him defy the timorous,
the dreamers of plots and revolutions; let him not
listen to those who tell him that 500 Frenchmen
cannot meet together and speak without conspiring
against his ruin. The truth is, that the nation is a
little irritated with all the useless precautions that
are adopted, and the eternal inaction in which cell
intentioned Administrations seem resolved to keep
her. She loves the open day, the free air, and her-
bow s no mischievous designs and no dangerous
policy, let her rulers allow her to live awl. express
her thoughts, let them not tell her again and again
thal liberty is good for the English but that. France
is not worthy of it, and that before she is allowed to
put foot in the water she must prove that she knows
how to swim. All that the Government accords in
the shape of freedom it will be richly repaid in real
power and in the popularity of good will.
The Constztutionnel enters its protest against the
Journal des Debats on the subject of the Emperor's
speech. it asserts that the Journal des Debats does
not rightly comprehend the purport of t .e Em-
peror's discourse, and confounds the spirit of party
with the spirit of liberalism. France has had
enough of change and seen enough of sedition.
She does not wish to resemble the republics of
America, which exist from day to day, carried on
in the interregnum of a civil war; she rather emu-
lates the proud position of realising the desires of
so many great men who have realised national
aspirations from Charlemagne to Napoleon in the
unity she now experiences, and the calm she at
length enjoys. The liberty of opinion is an honour
and a force ; it elevates the people who knew how to
exercise it; and the Governments who accept it.
The liberty of parties, on the contrary, does nothing
but attest the weakness of the social order, and the
inferiority of power, it leads to catastrophies by
anarchy.
BOURSE, Jan. 29.—The market continues heavy
but prices are still firmly maintained, Threes being
now at 691 r. 80e. Little doing in Railway Shares,
and quotations remain nearly unvaried. Themar-
ket closed as follows :-
41 per Cents. ..
I Do, end month....

Bank Shares 3400
Credit loncier I4SO
Piedmontese Fives
Italian Loan 7O 15
Russian -
Austrian
Spanib. Threes 52 75
Home Debt 50 60

i per Cents
Do. end month 69 85
New 3 per Cents
Do, end month —
Credit Mobilier 1180
Do, end month... 1178 75

MEDICAL APPOINTMEN T.—Mr. 44ardine Murray,
F.R.C.S.E., is appointed surgeon to the Brighton and Sue.
sex Infirmary for Diseases of the Eye.