The Sun.
London, England, 1854-03-27 00:00:00

, ...•••••

tities as might reasonably be expected. The ktit-
tention of the public is called to the fact tha't
Russia has considered .it necessary, " to put pro-
vinces conterminous with Prussia and Austria
under military law." It seems that the possible,
coalition of Europe has made more extensive pre-
cautionary measures necessary. The " inner-
guard" has commenced its duties, as is usually the
case whenev9r the active army is employed beyond
the frontiers, and on the 27th the Emperor was to
inspect the maritime places and the reserve naval
corps, which are now about to enter into active
service. All the smaller vessels, about 400 in num-
ber, are put on a war footing, but it is not very
clear, even to the Russians themselves, that they
will be of any great service against the British
fleet. " England will not, however, have such
easy, work as she seems to expect. When the
Russian fleet is destroyed, what will be done then
Will troops be disembarked ?" In the Ba 'tic pro-
vinces there is now an army of 160,000 m en, and
all the reserves are completed. An old Ger. feral, a
Frenchman by birth, who has grown grey in the
service of Russia, says, " Russia is able bolt ily to
defy a. coalition of the whole of Europe."

FRANCE.
The subscription for the new loan having cle sea
on the 25th, the Government has intimated that' as
the subscriptions are considerably larger than t, he
amount required, a diminution must be made On
the larger subscriptions. It has consequently re -
solved that the subscribers of 1,000 francs c'f Rents
or over, will only receive 55 per cent. of tht)ir sub«-.
scriptions; but that all subscriptions under a,ooof
of Rente will be taken without any diminution.
The closing paragraph of the article in the
Moniteur of Thursday, in which it is stated that
Russia, after having failed in London, came back
to the French Government and made advances to
it similar to those proposed to England, and h
a similar result, naturally led to the inference tha t
there were documents also in the hands of the,,
former which would be made public. It was
asserted that such was not the case, and that then
advances, or rather bribes, held out to the Em-.
perer of the French to induce him to join the spo-
' liation of the Ottoman empire were of an indirect
character, and not made in writing. It is said,
however, that documents doreally exist, which in ay
at some future day see the Light, and that they wore
actually prepared for publication in the Moniteur,
but, on further consideration, withdrawn for thepre-
sent. The more important are said to consist of two
memorandums communicated by the late Russian
Ambassador at the French Court to the Govern-
ment. There is little doubt that these' papers
were drawn up with much care ; but it appemrs
that the proposals contained in them were, if pos-
sible, of a still more tempting kind than thos e GOA),
veyed to Sir Hamilton Seymour. They ate, in
fact, described as tres compromettants for the Em-
peror of Russia. It is, moreover, stated that Alters
are despatches from the late French Ambassivlor
in St. Petersburg to his Government, which are
substantially the same as the memorandums ye-
ferred to. It is not said with certainty whetl ter
they will be published, but that will, perhaps, &s-
-pend on what the Journal of St. Petersburg me '3,
again say with reference to the " secret correspol
1-
dence" laid before the English Parliament. That
journal made no allusion to the French Govern-
ment ; but should it commit the same act of folly
it has already done, the Government will, no
doubt, imitate the, English Government, aud com-
plete the exposure..
It is stated that a sum of 10,000,000 f. has been
advanced by the Emperor Napoleon to the SOU=
to aid the public service until such time as the .re-
sources of the new loan are available. It is addle d,
that the money was advanced without hesitatiom.
It would appear that the sort of financial panic
in Paris already noticed has been exaggerated. Of
the failure of one house there is no doubt, but the,
two or three others—one of them long established;.•
and well known—are now said not to be in the -cri—
tical position that was feared. That house is a large,
holder of shares in public companies, which, of course,
suffer from the general depression of the ,money-
market ; but it is so far frow being insolvent that,
on proper explanations being given, a considorible
amount of its paper has been discounted on the ttisual
-conditions by the Bank of France. Moreover, the
fears of great scarcity are gradually vanishing, Ltot-
withstanding the difficulties in the corn trade, said
-almost every post brings us information that the
price of corn is falling, not only in France, but
elsewhere.
The annual ball, under the patronage of 'tie
British Embassy, for the benefit of the British
Charitable Fund in Paris, is fixed for the 19th of
April, and will take place, as usual, in the Jars
d'Hiver, which will be brilliantly illuminated for
the occasion. The tickets are, even at•this early
period, being rapidly disposed of. 'rho.Exam;
and Empress have subscribed, through
Cowley, for 100 tickets at 20f. each. There is
every reason to believe that the attendance wilt be
numerous.

The Monitcur publishes an article on the sub-
ject of the recent taking possession of New Cale-
donia. The remarks of the official journal derive
their principal importance from its being the first
time that the matter has been mentioned in the
Government organ in such a prominent way. The
Moniteur says :—The taking possession of New
Caledonia has had for its object to secure t o France
in the Pacific Ocean that position which is called for
by the interests of her military and commercial
marine and the views of the Government on the
penitentiary regime—a position which is not given
to her by the occupation of the small archipelago of
the Marquesas, or the protectorate of the society
Islands.
The Three per Cents. opened on Saturday at 63f.
80c., rose to 64f. 25c., and closed at 63f. 950. for
the end of the month. The Four-and-a-Half per
Cents. closed at 90f. 75e. • Orleans Railway Shares,
1,070 f. ; Rouen, 845 f. ; Havre, 440 f.: Great I\Tor-
them, 723 f. The. ; Strasburg, 697 f. 50c. ; Nov
Shares, 522 f. 50c. ; Lyons to Paris, 795 f. ; Lyons
to the Mediterranean, 657 f. 50c. ; Western of
France, 570 f. ; Bordeaux to Cette, 515 f. ; Great
Central of France, 412 f. 50c. ; Lyons to Geneva,
430 f. ; Bank of Credit Mobilier, 520 f.

ARRIVAL OF FRENCH TROOPS AT
MALTA.
On the 23d the French steamer Christoph
Colomb, with the transport Mistral, arrived at
Malta, having on board Generals Canrobert,, Bos-
quet, and Martimprey, 72 officers, 800 Men, and
70 horses belonging to the staff. None, of them
had yet disembarked. The Kangaroo had ar-
rived, with the 77th Regiment. No preparations
had been made for a move to the East.