The Sun.
London, England, 1853-12-10 00:00:00

FRANCE.

The following appears in the non-official part of
the Moniteur of yesterday
"On the 17th of May last we said, that if the
question opened at Constantinople by Prince Men-
schikoff were to lead to certain complications, it
would thereby be converted into a question of
general European policy, in which the other Powers
which signed the treaty of the 13th of July, 1841,
would be concerned with the same right (au merne
titre) as France. The events have justified what
we foresaw. That union, which common interest
and respect for the same principles would, in our
opinion, establish between the great Powers, has
now become a fait accompli.
" The intimate union of the Emperor's Govern-
ment with the Government of her Britannic Ma-
jesty has already hall a tranquillising effect upon the
public mind. Doubts remained, nevertheless, as to
the position which the other Powers would take at
the commencement of a war, which they had ear-
nestly laboured to prevent, but the scene of which,
by the very force of circumstances, might possibly
be enlarged.
" To obviate this danger, to concert a course of
action common to all, and to coalesce the interests
of the European States, have been the objects of
the persevering solicitude of the Emperor's Govern-
ment, and this loyal policy has accomplished the
object it had in view.
" It would savour of presumption if we were to
consider the Oriental question as settled. We must
even be prepared to watch its progress through
various phases. But the understanding (accord)
which Austria and Prussia acknowledge to have
come to with the Cabinets of Paris and London
will henceforward suffice to dispel the apprehen-
sions which have kept Europe in suspense for the
last ten months. Indeed, the real danger of the
situation lay in the possibility of a division of the
Powers into two camps. There is now no further
I cause for such a fear.

"France, England, Austria, and Prussia cherish
the same views, and are inspired by the same de-
sires ; and a protocol which, on the sth of this
month, was signed at Vienna, in a conference of
the representatives of the Four Courts, records the
resolutions they have jointly taken.
" To restore peace between Russia and the Sub-
lime Porte under conditions honourable to both ;

to maintain the territorial integrity of the Otto-
man empire, the independent existence of which
within the limits assigned to •it by the treaties has
become one of the essential conditions to the
balance of power in Europe—such is the two-
fold object to which the four Powers propose
directing their joint endeavours. To protest be-
forehand that the war which is now being car-
ried on cannot in any one case lead to modi-
fications in the state of possession which time
has consecrated in the East, must of necessity
narrow the sphere of that war, and reduce, we
trust, the differences between the Cabinet of St.
Petersburg and the Sublime Porte to terms which
allow European diplomacy to exercise an effica-
cious action, and to re-establish, under a collective
guarantee, a solid peace between Russia and- the
Ottoman empire."
The note published in the Afoniteur of yesterday
on the conferences at Vienna, is the great event of
the day in Patis ; it will be seen by the subjoined.
account of the proceedings on the Bourse, that in
the financial world it has produced a great effect.
A rise of upwards of 1 per cent. in the French
Funds shows the increase of confidence with which
it has inspired the speculators. There is, however,
an alteration of some importance in the article of the
Moniteur. It states that the double object of the
conference is " to re-establish peace between Russia
and the Sublime Porte, on conditions honourable
to both parties ; and to maintain the territorial in-
tegrity of the Ottoman empire ;" while it appears
that the protocol signed on the sth December is
much more general in its language, and speaks of
the maintenance of the territorial division of

Turkey—that division being fixed, by the divisionof
1815. The omission of all mention of the treaties
of 1815 by the ,Vianiteur is no doubt on purpose ;
the confirmation of the treaties of 1815 not being

particularly palatable in France as the basis of
a negotiation, although it probably has had consi-
derable weight with Austria and Prussia. A letter
was received in Paris yesterday by an eminent
banker, which states positively that M. de Mey-
endorff has declared that Russia will not recog-
nise the acts of the conference. If this be the
case, the question at once arises—are the four
Powers agreed, in the event of the refusal of
Russia to conclude a peace on the terms which
they think reasonable, to force her to accept those
terms ? Then it appears that the conference has
sent a despatch to Constantinople, calling upon
the Porte to declare the conditions upon which
it will consent to a peace ; but if those con-
ditions should not be acceptable, not only to
the representatives of the Powers, but to Russia,
nothing will have been done. In short, if Russia
do not completely change her tone, and show a
moderation of which -we have seen no symptoms
for some months past, affairs will remain in pretty
much the same position as they are now, and the
war between the Czar and the Sultan will continue
as active as ever. One good effect, however, of the
formation of the conference is, that the distance and
coldness which have existed for some time past be-
tween England and Austria and Prussia are greatly
diminished. England has once more got other
allies in Europe besides France.
There are articles in two Ministerial journals, the
Pays and the Constitutionnel, on the "fusion." Eight
columns of each are filled with thisnew production,
from the pen of M. de Laguerroniere. But though it
bears his signature, it has every mark of its being in-
spired by another head, and retouched by another
hand. Whose hand that is, it is almost superfluous
to say. In some passages, particularly the third
paragraph, the Imperial pen may, in ouropinion, be
easily traced. It is said that the Emperor himself
read the despatch at table to his guests at Fon-
tainebleau the moment it was received from Vienna ;
among these guests was a well-known Legiti-
mist, who has had much reason to complain of
the Court of Frohsdorf. The Emperor is reported
to have observed that it gave him satisfaction
to see the discord which had so long subsisted be-
tween the Princes of the House of Bourbon termi-
nated ; but so far as it had a political meaning it
was indeed too late. It seems it was not originally
intended to take any particular notice of this family
reconciliation (perhaps a more proper term than
fusion, which appears l o have been borrowed from
the railway companies) but for the statement in
some foreign journal that the Imperial Court had
been thrown into great alarm by the announcement,
and that it was then the resolution was formed of
noticing it in one of the journals. Except among
the parties more immediately interested the fusion
passed without much remarks. The present long
notice of it in two Ministerial journals invests
it with an importance it bad not before, though
the fact as alleged, of its having been effected
at the instance of the Emperor Nicholas since
the union of France and England on the Eastern
question, does not recommend it to people
who see in it evidence of a contemplated restora-
tion of the Bourbons by foreign influence, if not
by foreign bayonets. Some curiosity was felt as
to whether the article of the Pays and Constitu-
tionnel would be replied to. It is said that the
directing committee of the fusionist organ, the
A ssemblee Nationale, and which is compose of
of the Ministers of Louis Philippe as would again
look to power under a Royalist restoration, has
decided that it shall be replied to, and further that
M. Salvandy is the person to whom that task is
entrusted.
It may be remembered that on the occasion
of the marriage of the Emperor the Municipal
Council and the Chamber of Commerce of Lyons
conceived the idea of presenting to the Empress
some rich specimens of the manufacture of their
city. Circumstances have hitherto prevented the
completion of these articles, but they have now
been finished, and yesterday a deputation from
Lyons was received by their Majesties at the
Tuileries to present them. The president of the de-
putation made a suitable speech to the Empress on
the occasion, in which he begged her Majesty to
accept the articles offered "as a testimony of the
gratitude of the city and commerce of Lyons
towards the Emperor, who had procured for them
the enjoyment of the order and security which are
so essential to their interests." Their Majesties
expressed in the most flattering terms the admira-
tion they felt at the beautiful specimens of Lyonese
manufacture, and thanked the deputation for the
sentiments they had uttered.
It has been whispered amongst parties who gene-
rally obtain the first information on such subjects,
that Namik Pasha is likely to succeed in negotia-
ting the Turkish loan with a great Joint Stock
Company in Paris. The conditions are said• to be,
that the loan is to be issued in stock bearing in-
terest 5 per cent. ; for every 100 f. the contractors
are to give 60f. The Ottoman Government is to
have the right to pay off the debt at par.
Monsignor Sacconi, Archbishop of Nicea, had an
audience yesterday of the Emperor to present his
credentials as Nuncio of the Apostolic See. Im-
mediately after the ceremony the Nuncio was re-
ceived by her Majesty, to whom he delivered a
brief from his Holiness.
A telegraphic despatch arrived yesterday from

Turin, which states that the elections are going 111
favour of the Cabinet. At Turin twenty-one of the
Government candidates out of twenty-seven have
been returned. The first act of the new majority
will be.to vote the Civil Marriages Bill, which has
occasioned a rupture with the Holy See.
M. Brenier left Paris yesterday on a secret mis-
sion to Italy. It is said to be in connection
with the political position of that country. The
visit of 'Prince Napoleon (Jerome) to Italy has been
abandoned.
On the 6th inst., the steam-vessel Napoleon
arrived at Toulon from Constantinople. On the
7th the steam-frigate Descartes left the harbour of
Toulon to take the place of the Napoleon in the
French squadron at Constantinople.
The Minister of the Interior has addressed the
following circular to the Prefects :
" Monsieur le Prefet,—ln placing the telegraph at the
disposal of the superior functionaries, for matters con-
nected with the public service, the intention of the
G-overnment was to accelerate it in cases which might
suffer injury from the delays in ordinary correspondence,
and to be informed as rapidly as possible of all impor- -
taut facts which required to be laid before it. What'
ever may be the power and extent of electrical means,
communications, both official and private increase in
such a manner that its .object cannot be attained
if this mode of transmission be made use of withonti;
measure and for all kinds of despatches indiscrimi•
nately. I think it my duty, therefore, Monsieur le;,
Prat, to remind you that telegraphic transmissions do
not take the place of ordinary correspondence ; that they
ought only to be made use of for urgent affairs of ser'
vice which could not be usefully forwarded by the
mail ; that, even in this case, it is proper to reduce theta
as much as possible, and to abstain carefully from all
those expressions or forms of politeness and of deference
used in ordinary correspondence. I also remind you of
my instructions of the 18th May, 1851, stating that the
gratuitous use of the telegraph is only authorised for
affairs connected with the public service, and that any
transmission for private affairs was to be rigorously sub;
jetted to the charge according to the law of 18th and
20th November, 1850. In recommending these diposi-
tions for your personal guidance, I beg, Monsieur le
Pr4fet, that you will give instructions in this sense to
the sub-prefects, or other functionaries under your
orders, who are authorised to make use of the telegraph-
-Receive, &c., " F. DE PERSIGNY.
BANK OF FRANCE.—The following was the situa-
tion of the Bank on Thursday, Dec. 8 :
Cu.

Cash and ingots
Cash at the branch banks ..
Overdue bills

Fr. e;
216,786,391 84
100,186,664
559,187 46

Bills becoming due in Paris, of which
67,594,121 f. Oc. are from the branch
banks 177,718,286 62
Bills in the branch banks -
Advances on coin and ingots -
Do. in the branch banks
Do. on public securities of France 32,745,236 1-v
Do. by the branch banks -
Do. on railway shares and bonds 67,590,300 ---
Do. in the branch banks -
Do. to the State by treaty of
June 30, 1848 -
Rentes of the reserve fund
Rentes of disposable funds
Hotel and furniture of the Bank -
Real property of branch banks 4,084,907 --a
Expenses of administration 1,459,585 Spy°
Sundries

,
'I
985,508,622

DE.
Capital
Reserve fund -
Reserve iminobillere
Notes to bearer, in circulation
60i0:000 14
00
Do. of branch banks 148,258,125 --6*
Do. to order (Post bills)
Bills payable at sight
Account-current of Treasury Creditor 59,372,890 ?igi
Various accounts-current 127,797,069 '
Do. branch banks 28,902,704 ---;:
Dividends to be paid 417,045 ?7j5
Discount, interest, and expenses
Fees on the care of securities 25,295 lv
Re-discounts of the last half year
Sums received over and above the
value of the protested bills ,
Sundries 2,451283:36161 l'o

985,508,622
It appears, from the preceding account, that the
cash in hand has been decreased by 13,970,00'
The commercial bills discounted have decreased 11
9,926,000 f. The deposits on public securities hair°
decreased by 2,544,000 f. The deposits on railwst
securities have decreased by 5,302,000 f. The benZ
notes in circulation have decreased by 23,166,000 i
The balance to the credit of the Treasury has iry
creased by 9,022,000 f., The sundry credits have
decreased by 16,528,000 f.
The receipts of the Orleans and Bordeaux Rail-
way, with its extensions for the week ending.the
3d of December, amount 699,751 f., being an ill'
crease of 193,544 f., as compared with the ~corresp-
onding week of last year. the
The article in the IVloniteur of yesterday on
Eastern question produced a considerable ris„,%;
the price of public securities at the Bourse.
Three per Cents. opened at 75f. 60c., and r°s
to 76f. 15c., at which they closed for the end °
the month. The Four-and-a-Half per Cen
,sts'
closed at 102 f. 15c. •, Orleans Railway Shay :A
1,210 f. ; Rouen, 1,092 f. 50c. ; Havre, 510 f.
Northern, 897 f. 50c. ; Paris and Strasburg,
Paris and Lyons, 935 f. ; Lyons to the Meal
ranean, 785 f. ; Western of France, 7201. ; Bordes",
and Cette; 647 f. 50c. ; Great Central, 532 f. 502'n1
Lyons and Geneva, 5301. ; Shares of the Bank
Credit Mobilier, 785 f.