The Sun.
London, England, 1865-02-10 00:00:00

FRANCE.

BOURSE, Feb. 9.—The market is firm, with an
upward tendency. Threes, for the Account, opened
at 67f. 25c., and are now doing at the same quota-
tion Mobilier are firm at 968 f. 75c. Railway
Shares remain as yesterday. The market closed as
follows :

4j per Cents 96 10
Do. end month —
3 per Cents. 67
Do. end month 67 15
Credit Mobilier
Do. end month
Bank Shares 3560
Credit Foncier 1275
Roman 73 75

Italian LOan 65 15
Do. end month 65 15
Ditto Threes —
New Mexican
Russian 9O
Austrian
Spanish Threes
Home Debt
Deferred

RAILWAYS.
Cash. Acct.
Orleans
Northern lOlO ... 1013 75
Lyons and Mediterranean.' 951. 25 ... 950
Southern '
Western 540 ... 541 25
Eastern
Sardinian 306 25 ... 305
Austrian
Lombard 542 50 ... 546 25
North of Spain 340 ... 340
Saragossa 403 75 ... 402 50
Ditto to Barcelona — ...

AMERICA.

(REUTER'S EXPRESS.)
(Per the City of Baltimore.)

NEW YORK, JAN. 28.

The following is the text of President Davis's
letter to Congress in reference to the appointment
of a Commander-in-Chief of the Confederate

armies :

" Executive Office, Richmond, Jan. 18.
" Messrs. James F. Johnson, President pro tem. of
Virginia Senate, and Hugh W. Sheffey, Speaker
of Virginia House of Relegates.
" Gentlemen,—l have the honour to acknowledge
the receipt of your joint letter of the 17th inst., en-
dorsing a resolution of the General Assembly of
Virginia, passed on the 17th inst., and communi-
cated to me in confidence, as directed by the
Assembly.

of m
Virginia,
that,irginia
of
the This resolutionoa lAssembly
,inththe eaopppinoiniotn-
ment of General R. E. Lee to the command of all
the armies of the Confederate States -would pro-
mote their efficiency, and operate powerfully to re-
animate the spirits of the armies as
well
as of the
people of the several States, and to inspire
increased
confidence in the final success of our cause. In
your communication you kindly assure me that the
General Assembly, with sincere confidence in
my patriotic devotion to the if
we are of
the country, desire in this critical
period
of our affairs, by such suggestions as occur to them
and by dedication, if need be, of the entire resources
of the Commonwealth to common cause, to strengthen
my hand and to give success to our struggle for
liberty and independence. This assurance is to me
the source of the highest gratification, and while
conveying to you my thanks for the expression of
the confidence of the General Assembly in my
sincere devotion to our country and its sacred
cause, I must beg permission in return to bear
witness to the uncalculating, 'unhesitating spirit
with which Virginia has, from the moment when
she first drew the sword, consecrated the blood of
her children and all her maternal resources for the
achievement of the object of our struggles. The
opinion expressed by the General Assembly in re-
gard to General R. E. Lee has my full concurrence.
Virginia cannot have higher regard for him or
greater confidence in his character and ability than
is entertained by me. When General Lee took
command of the army of Northern Virginia, he was
in command of all the armies of the Confederate
States by order of assignment. He continued in this
general command as well as in immediate command
of the army of Northern Virginia as long as I could
resist his opinion, that it was necessary to him to be
relieved from one of these duties. Ready as he had
ever shown himself to be to perform any service
that I desired him to render to his country, he left
it to me to choose between the withdrawal from
command of the army in the field, and relieving him
of the general command of all the armies in the
Confederate States. It was only when satisfied of
the necessity that I came to the conclusion to relieve
him from the general command, believing that the
safety of the capital and the success of our cause
depended in a great measure on their retaining him
in command in the field—of the army of Northern
Virginia. On several subsequent occasions the de-
sire on my part to enlarge the sphere of General
Lee's usefulness had led to renewed consideration
of the subject, and he has always expressed his in-
ability to assume command of other armies than
those now confided to him, unless relieved of the
immediate command in the field of that now op-
posed to General Grant. In conclusion, I assure
the General Assembly that whenever it shall be
found practicable by General Lee to assume com-
mand of all the armies of the Confederate States
without withdrawing him from direct command of
the Army of Northern Virginia, I will deem it pro-
motive of public interests to place him in such
command, and will be happy to know that by
doing lam responding to their express desires. It
will afford me great pleasure to see you gentlemen
as proposed in your letter, whenever it may be con-
venient for you to visit me.

" I am very respectfully and truly yours,
" JEFFERSON DAVIS."
The Richmond Whi a Jan, 25 says We are