The Sun.
London, England, 1865-03-21 00:00:00

ITALY.

The National Committee of Venice have issued a
proclamation respecting the celebration of the fes-
tival in honour of King Victor Emmanuel. The pro-
clamation says To the sincere wishes which
will arise from every part of Italy ours shall not be
wanting, although we are still separated from the
great Italian family, and we offer them with all our
hearts to that King who has made the greater portion
of Italians citizens of one State, and who aspires
above all things to efface from the sacred soil of the
country all trace of the foreigner. Long expecta-
tion, adjourned hopes, inexpressible agonies, spolia-
tions, exile, torture, have not succeeded in shaking
our faith in the destiny of the country, and have not
been able to weaken our constant hope to be and
policy to declare ourselves Italian citizens ; and we
shall be so soon, despite false prophets and our op-
pressors !"

FRANCE.

PARIS, March 20.

The deputation from the Senate to present the
address of that body in reply to the Speech from
the Throne was received to-day by the Emperor.
His Majesty replied as follows

ci It is always a great satisfaction to me to see the
acts of my Government properly appreciated by the
first body of the State. Every year, at the com-
mencement of the debates, a certain anxiety is at
first felt. One would think that the divergence of
opinion must prevent any common understanding.
But soon truth forces itself into light, the clouds
disperse, and the mind is reassured. Your almost
unanimous vote on the Address has again shown the
perfect union t4at exists between the Government
and the deliberative assemblies. Do not let us
regret those divergences of opinion so long as they
allow us to congratulate ourselves on the harmony
which unites in one single thought of stability,
order, and progress, the members of these bodies,
who from their personal merits or past services
have been selected as the choice either of the people
or the Sovereign. Be, therefore, the interpreters to
the Senate of my sentiments and my confidence in
their enlightenment and their patriotism."
In to-day's sitting of the Corps Legislatif the elec-
tion of M. Bravay, in conformity with the proposal
of the Committee of the Elections was declared
valid by 184 to 45 votes.

BOURSE, March 20.—The market is very unde-
cided, which will probably characterise the opera-
tions of the day-. Threes, for the Account, are now
at 67f. 20c. Mobilier have been done at 877 f. 50c.
The Italian Loan 64f. 15c. In Railway Shares
there is little doing, but prices are pretty well main-
tained. The market closed as follows :

4i per Cents 95
Do. end month —

a per Cents. --
67 05
Do. end month 67 20

Credit MobiliAr B6O
Do. end month 862 50
Bank Shares 3520

Credit Fonder 1290

Roman

Italian Loan 64 70
Do. end month 64 55
Ditto Threes —
New Mexican
Russian —
Austrian
Spanish Threes
Home Debt
Deferred
'AYS.

Cash. Acct.
Orleans
Northern lOl5 ... 1015
Lyons and Mediterranean 966 25 ... 967 50
Southern 5BO ... 582 50
Western 543 ' 75 ... 543 75
Eastern
Sardinian 302 50 ...
Austrian
Lombard 548 75 ... 550
North of Spain NO ... 802 50
Saragossa 373 75 ... 370
Ditto to Barcelona — see .--' —.

PRUSSIA.
THE PRUSSIAN LEGISLATURE.

BERLIN, March 20.
The report of the Committee on the Budget was
laid before the Chamber of Deputies to-day.
During the debate on the Military Budget the
Minister of War made a speech in which he main-
tained the necessity for the reorganization of the
army, and said that it was inexpedient to diminish
the military forces of the country, either when on
the war or the peace footing, on account of the pro-
portionate strength of the French, Austrian, and
Russian armies. He also declared that a three
years' term of military service was indispensable,
and considered the present systems of recruiting the
Landwehr and the reserve insufficient for the defence
of Prussia. In this conviction he had been
strengthened by his visit to a neighbouring country.
The Government desired to make the Landwehr a
force supplementary to the army. Theoretically
they recognized the right of the Chamber to vote
the Budget, and had fixed the Estimates as low as
possible. Should the House refuse to vote the re-
quired reform, Prussia, would then no longer be

the bulwark of Germany, and they might look for-
ward to the end of her greatness. The demands of
the Government were made in the interests of the
country.