The Sun.
London, England, 1862-03-20 00:00:00

FRANCE.

BOURSE, Mal•eh 19. The market continues
heavy. BusineEs in Three per Cents. for the Ac-
count commenced at 69f 70c, a slight improvement
on the closing rates of the previous day; but it was
not long maintained, and the quotation is now
69f 75c. The Railway Share Market has been
pretty firm, transactions limited. The following
were the last quotations :-
4i per per Cents.,. 97 75
Do. end month....

Bank Shares —
Credit konmer 1630
Belgian 4f —
Piedmontese Fives 67 80
Roman —
Austrian
Spanish Threes 6ll
Home Debt .. 4Bi

3 per Cents
Do. end month , 69 65
New 3 per Cents , 68 50
Do. end month 6B 55
Credit Mobilier.... 756 25
Do. Account —

BAIL

'AYS.

Cash. Amount.
Orleans 1383 75 .. 1387 50
Northern .
New, ditto 950 ..
Lyons and Mediterranean 1093 75 .. 1095
Geneva .
Southern 762 50 .. 763 75
Western
Eastern
Sardinian 347 50 .. 350
Austrian
Lombard

Exchange on London, at sight, paper, 25f 26c ; ditto
money, 25f 23ic ; ditto, three months, paper, 25f 8 c: ditto
money, 25f 7jc.

PRUSSIA.

The independance Beige has the following re-
specting the change of Ministry at Berlin :

" The Ministerial crisis has terminated at Berlin,
as we expected it would from the last information
received. The reEignation of the five Liberal Minis-
ters has been accepted by the King, and a Ministry
taken exclusiveiy from the ranks of the retrograde
party has been formed. M. von der Heydt, an ex-
colleage of M. de Manteuffel, whom M. Auerswald
and the other Ministers of more liberal opinions
should not have allowed to join them, becomes
Minister of Finances in the new Cabinet, in
which he prominently figures. The other Minis-
ters are Count Itzenplitz, Minister of Agricul-
ture; M. de Muhler, Public Worship—two names
of some signification. M. de Milhler is President
of the Consistory, and the intimate friend of M.
Bethmann-Hollvveg, who has resigned office on the
conviction that after the vote on the Hagan motion
it became necessary to form a retrograde Cabinet.
Let us add—and this will complete the picture of
the new Cabinet—that the Ministry of the Interior
is entrusted to M. Jagow, President of Police. This
combination puts an end to the Ministerial crisis,
but it need scarcely be said that it by no means
terminates the political crisis, but rather gives it
greater intensity, It now rests with the electors
to speak and say what the country really wants.
Let the Prussian Liberals act up to the mark of
the situation; let them not forget that union
is strength, and it may then be hoped that the
accession of the Von der Heydt-Itzenplitz Cabinet
will be the last attempt at reaction in Prussia. It
will depend upon-them that this Ministry shall
mark the end of the period of transition through
which the country is passing, and that its fall will
shortly open the final era of Constitutiiinal institu-
tions."

Le Nord has the following :
" The King of Prussia has re-constituted his
Ministry; the resignation of the five Liberal
Liberal members of the Cabinet has been accepted.
They are replaced by men whose names will create
a painful surprise in the public. The population
continues to maintain a calm but resolute attitude,
nevertheless there are all sorts of rumours afloat.
No one believes in the possibility of a coup d'etat,
such as the decree of a new electoral ; on the other
hand, concessions by the new Government are not
believed in. One thing is certain,lthe change of
Ministry is not a solution, but only the commence-
ment of the crisis."

The Yolks-Zeitung says, that on the day of dis•
solution of the Chamber ball-cartridge was distri-
buted in the barracks, and every measure taken to
put down an attempt at insurrection.
La Presse says :

" The installation of the new Prussian Ministry
is nothing less than a return to the detestable policy
of M. de Manteunl. The Prussian people look
calmly upon these violeni measures. The King is
strictly within his right, but the people well know
how to exercise theirs. There seems to be no
doubt, after the enthusiastic ovations that have
taken place in honour of the members who voted
for Hagen motion, that they will all be re-elected."

THE CIVIL WAR IN AMERICA

PRESIDENT LINCOLN ON SLAVERY
AND THE IN AR.
PRESIDENTIAL MESSAGE.
(PER HIBERNIAN, TIA LONDONDERRY.)
NEW YORK, MARCH 7, MORNING,
President Lincoln, in his Message to Congress
urging the passing of a joint resolution for co ope-
ration with the Slave States, by means of pecuniary
aid, for the gradual emancipation of slaves, says:
" If the proposition does not meet with the ap-
proval of Congress and the country, it is at au end;
but if it does command approval, it is important
that the States and the people interested should be
at once notified, so that they may consider whether
to accept or reject the proposal.
" The Federal Government would find its highest
interest in such a measure as one of the most
efficient of self-preservation.
"The leaders of the insurrection hope that the
Government will be ultimately forced to acknow-
ledge the independence of some pant of the dis-
affected region, and that then all Slave States north
of such parts will say, The Union for which we
have struggled being already gone, we now choose
to go with the southern section.'
"To deprive them of this hope substant_ally
ends the rebellion. The initiation of emancipation
completely deprives them of it.
" The point is not that all States tolerating
slavery mould very soon, if at all, initiate emanci-
pation, but that while the offer is equally made to
all, the more Northern States shall, by such initia-
tion, make it certain to the more southern that in
no event will the former ever join the latter in
their proposed Confcaeracy.
"I say initiation, because, in my judgment, a
gradual, and not sudden, emancipation is better
for all.

" The current expenditure of the war would
very soon purchase all the slaves in any named
State.

" Such a proposal does not claim for the Federal
Government a right to interfere with slavery
within the State limits, it being left a matter of
free choice with the States to accept or reject the
proposal.
"The war continues to be an indispensable
means for the restoration of the Union.
" The practical acknowledgment of the national
authority would render war unnecessary, and it
would at once cease. If resistance continues, war
must continue; and it is impossible to foresee all
the incidents which may follow it. Such means
as may seem indispensable, or may obviously pro-
mise great efficiency towards ending the struggle,
must and will come. In the proposition now
made, though only an offer, I ask wheiher the
pecuniary aid tendered would not be of more
value to the States and private persons concerned
than are the institution and property in it in the
present aspect of affairs. While, it is true, the
adoption of the proposed resolution would be
merely initiatory, and not within itself a practical
measure, it is recommended in hope that it would
soon lead to important results. In full view of my
great responsibility to God ancrto the country, I
earnestly beg the attention of Congress and the
people to the subject.
The New York Times thinks that President Lin-
coln's plan will not achieve the end proposed. It
will not induce any slave State to discard slavery.
It will be attended with expense too overwhelming.
to be regarded favourably by people 1-, aving upon
their shoulders a present and prospective debt of
several thousand millions. The New I ork orld
approves the Message. The New York Gerald
thinks the Message will be well received by the
Conservative element both in the North and in the
South. The New York Tribune strongly approves
the Message, and thinks it seals the fate of the re-
bellion in every Christian land. No civilised nation
will ally itself with the South, knowing that the
Union and Liberty are one and inseparable.
The Washington correspondent of the New York
Times says that Mr. Seward is preparing a despatch
on Mexican affairs, in which the determination of
America to resist all European designs of establish-
ing a monarchy upon the American Continent will
be energetically set forth.
(LATEST BY TELEGRAPH TO PORTLAND.)
NEW YORK, MARCH 8.
The Washington-correspondent of the New York
Herald says—" The excitement in regard to Presi-
dent Lincoln's Message increases. The Message has
taken all parties by surprise. The majority of the
senators and representatives are unprepared to ex-
press themselves upon it. Ail are afraid of it, and
all are afraid to oppose it. The Radicals look blank,
and, while they claim there is in it a concession to
them, they are prepared cautiously to oppose it.
" The Conservatives are anxious to sustain the
policy communicated by the President, but fear
they may be entrapped into some departure from
their chosen position.
" In this predicament the President's Message
must sleep in the committee-room until the gentle-
men have made up their minds in regard to the
matter."

It is reported that a flag of truce has arrived a

Fortress Monroe, from Norfolk, with the comman-
der of a French steamer, who represents that great
excitement prevailed in Norfolk. The hotels were
swarming with officers, mostly from the Gulf
States, the Virginia troops having been all sent
away. People dreaded the destruction of the city
in case of an attack.

A strong force was concentrating at Suffolk to
check the advance of General Burnside, who was
reported to have occupied Winton in force, and to
be moving on Suffolk.
The reason given by the Confederates for not re-
turning Col. Corcoran is that maps and drawings
were found on his person.
The Richmond papers mention the arrest of a
number of Union men, principally Germans. De-

tectives had broken into the room of some German
turners, and found two American flags, and the
Goddess of Liberty painted on the wall. The Union
colours and paintings were seized and confiscated.
The Confederate House of Representatives has
passed a resolution by 71 to 77 recommending the
military commanders to destroy all tobacco and
cotton to prevent its falling into the enemy's hands.
A resolution was also passed asking the President

to inform the house what foreign vessels are doing
in Hampton Roads.

The Richmond Dispatch says a vessel, drawing
16 feet of water, recently passed out of Charleston
harbour. Specie is quoted in Richmond at 40 to
50 per cent. premium.

A despatch from Atalata, Georgia, says that the
Federals have taken possession of Murfreesboro,
and that General Sydney Johnson Las retreated to
Decatur, Ala.

The Confederate steamer Merrimac was lying
near the Norfolk Navy-yard with flag flying and
crew on board. She draws 23 feet of water, and is
described as looking like the roof of a sunken house,
with the smoke chimney protruding from the water.
The St. Lome Democrat says that the Confede-
rates have from 5,000 to 10,000 men at New Mad-
rid, and four gunboats.

PROCEEDINGS OF THE CONFEDERATE

CONGRESS.

In the Confederate Senate, on the 26th ult., Mr.
Henry, of Tennessee, submitted the following pre-
amble and joint resolution, which, on his motion,
was referred to the Committee of Finance :
"Whereas, it is desirable to encourage the planters
of tobacco and cotton in the Confederate States, and
others who are bona fide owners thereof, to destroy,
by burning or otherwise, those articles, rather than
that they should full into the hands of the enemy,
—Be it therefore resolved by the Congress of the
Confederate States, that all such persons who shall
burn their cotton or tobacco, or otherwise destroy
the same, to prevent these articles from falling into
the hands of the army or navy of the United States,
shall be fully indemnified by the Government of
the Confederate States, upon proof of the number of
pounds of tobacco or cotton so destroyed, and proof
of the necessity of such destruction to prevent the
enemy from getting possession thereof."
In the House of Representative, of the above date,
Mr. Holt, of Ga., offered the following resolution,
which, on motion, was referred to the Committee on
Ways and Means :

"Resolved,—Thvt the Committee of Ways and

Means be instructed to inquire into the expediency
of restrieting and limiting by law the production of
cotton in Confederate States during the continu-
ance of the war and blockade. And also the expe-
diency of the Confederate Government taking into
its own control, by purchase, advances thereon, or
otherwise, of all the cotton now on hand, or which
may be grown in said Confederate States during the
existence of the present war and blockade, and that
said committee report by bill or otherwise."
Mr. Perkins, of Sa., introduced a bill to prohibit
the importation of productions and manutactures of
the United States into the Confederate States.
Referred.

In the Senate, on the 27th ult., Mr. Clark, of
Missouri, submitted the following joint resolution,
which was unanimously adopted :
"Resolved by the Congress of the Confederate
States of America, that the honour of the Govern
nient imperatively demands that the existing war
be prosecuted until the enemy shall have been ex-
pelled from every foot of soil within each and every
one of the Confederate States, and no proposition
of peace shall be considered which contemplates,
however remotely, the relinquishment by this Go-
vernment of any portion of any of the States of
this Confederacy."

In the House of Representatives on the 27th, Mr
Miles, from the Committee on Military Affairs, re-
ported a bill for the appointment of a Commanding.
General of the armies of the Confederate States.

PRINCE EDWARD'S ISLAND.
FEB. 26.—The house has voted a reply to the
address, professing its readiness to meet the Cana-
dian proposals for the establishment of a reciprocal
free trade among the British North American pro-
vinces, and for an assimilation of their respective
tariffs. It expresses regret at the non-appearance
of the Imperial Commissioners' award on the land
tenures.

Both houses have voted an address of condolence
to her Majesty.

NOVA SCOTIA.

HALIFAX, MARCH 6.
The mail steamer Canada arrived here on the sth
inst.

The Gold Mining Bill is still under discussion in
the Legislature.

The financial statement shows a deficit of 125,178
dols., chiefly on customs, which is mainly attribu-
table to the American civil war.

The markets continue dull from protracted stormy
weather. Railway communication throughout the
the lower provinces has been very irregular, from
snow storms, but the rails are now clear.
The steamer Adriatic, after being cut out of North
Sydney, Cape Breton, was again caught by ice.
A telegram, dated Plaster Cove, C. 8., sth, how-
ever, announces that the Strait of Canso was clear of
ice, and that vessels were passing.
NEWFOUNDLAND, ST. JOHN'S, March 3.—The
Government candidate, Kavanagh,:has been elected
over Hogsett, the Opposition candidate, by a ma-
jority of 265.

NEW BRUNSWICK.—Coi. Ingell, of the 62d Regi-
ment, contradicts the statement that any men were
frozen on the journey through New Brunswick.
A fatal collision has occurred between a wood
train and a passenger train on the New Brunswick
Railway, near Rothsay. Two persons were killed.
Mr. Tucker, Lloyd's surveyor, and several others
were seriously injured.