The Sun.
London, England, 1849-01-29 00:00:00

~~' 1 Ttflfl jflt

LONDON, MONDAY, JANUARY 29, 1849.

without notice or observation during the quasi-econo• 1
mical regime of Sir J. GRAHAM, whose resumption
of office was lately solicited, and also of Lords Aucx-
LAND, DE GERI', MINToy HADDINGTON, ELLEN-
BOROUGH, and even during the second assumption of
office by Lord AUCKLAND as First Lord of the Ad-
miralty. Surely some persons must have been re-
sponsible during that entire period for dereliction of
duty so scandalous. It would really appear as if the
superintendents of the several dockyards had sup-
posed that there was an unlimited fund on
which they could draw ad libitum ; that con-
siderations ofexpenses'were wholly beside the question;
that their only duty consisted in providing
work, without considering whether that work was
really beneficial or otherwise. We have read of per-
sons evoking evil spirits, who were compelled to keep
the attendant demon in constant occupation lest he
might turn on his employer, and rend him limb from
limb, if there was the slightest cessation of labour. It
would seem as if the superintendents and heads
of departments considered that some such ne-
cessity existed, that they were bound to keep the
men in full occupation, and if that object were at-
tained, that they were relieved from every other duty ;
that there was no necessity for a vigilant supervision
over their subordinates, or a cordial and friendly co-
operation among themselves. Hence the costly and
useless experiments—the unnecessary works—the ex-
travagant demand for stores—the carelessness of ex-
penditure, and the absence of any efficient check on
malversation of any kind—or of any audit of the
large payments made annually for wages. The
entire system is now to be changed, and
all will be right if the new regulations can effect
the objects proposed by their Lordships.
The first five Minutes regulate the future working
strength of the dockyards, the admission of appren-
tices, the hours of labour, the mode of muster, and the
present amount of superintendence. By the first,
the number of shipwrights now employed in the
several yards are to be reduced to 3,500, and corre-
sponding reductions are to be made in the other
branches of skilled labour according to the scale now
in use for regulating the proportions between the
shipwrights and other classes of artificers. Now we
must confess that we do not quite approve of
this working at the base of the column,
this sacrificing in the first instance the hard-
working and badly paid labourers, who maintain
their families by their own honest industry. It is,
unfortunately, too much the practice, whenever the
public indignation has been strongly excited, when
an outcry has been raised against the shameless jobs
perpetrated, and the overgrown salaries paid to use.
less drones and sinecurists, to attempt to pro-
pitiate public favour by making some show
of retrenchment, and cutting off those who
have no Parliamentary influence or powerful friends
to defend their interests, and to speak out boldly and
resolutely on their behalf. The unfortunate ship-
wrights who are thus driven from employment, and
ruthlessly consigned with their families to poverty
and destitution, have no friends or relatives in either
branch of the Legislature, no Noble or Right Hon.
Cousins to depict their probable sufferings or the ex-
treme hardship of their cases. No voices will be up-
lifted within the walls of Parliament to expatiate
on the impropriety of discharging them from
the public service, although their conduct had
been perfectly unexceptionable during the period that
they were retained in the employment of the nation.
Nothing will be alleged respecting the grievance of
arresting their well-merited hopes of promotion. It
is only Post Captains that would have a just cause
of complaint, if their chances of obtaining " a flag"
were in any degree diminished. For their sakes, the
number of Admirals must be retained at 150, or
about one for every three vessels in com-
mission, including cutters, sloops, ketches, brigs,
convict hulks, &c., &c., and about ten times the
number that could be engaged in duty on any
possible emergency. If any reduction is suggested
in that number—if the savings that could thereby be
effected are only hinted at, a hundred sympathizing
voices are heard in indignant remonstrance. The
Secretary of the Navy will own the soft impeach-
ment, and acknowledge the great hardship to de-
serving officers; and yet those officers receive good
pay, although many of them render no services
therefor. We find that the first 70 on the list are
paid 14s. 6d. per diem, the next 100, 12s. 6d.,
and the remaining 362, making in all 532, obtain
10s. 6d. per day ; this, be it remembered, is wholly
distinct from the pay and allowances when in actual
commission. They are, therefore, objects of the
deepest sympathy, but no compassion is entertained
for the hard working shipwrights or the other classes
of artificers that may be engaged. They can only be
driven to the workhouse, or compelled to
earn a scanty and precarious subsistence in
any manner practicable. They have no
fine feelings of ambition to sympathise with, and
therefore they may be discharged without compunc-
tion or remonstrance.

The labours of the Financial Reform Association
are beginning already to produce beneficial results.
The Government recognises the spirit of thrift with
which (according to the Lord Provost of Edinburgh)
the entire nation has been seized. They respect the
voice of public opinion, and measures of economy
and retrenchment are now seriously canvassed, and,
wherever practicable, brought into operation, which
were wholly despised and disregarded for a long se-
ries of years, and under various Administra-
I tions. The first fruits of the movement
,may be discovered in the series of Minutes
that have just been issued from the Board
of Admiralty to the several dockyards, and the new
regulations thereby introduced for the management
of those gigantic establishments. These Minutes
(26 in number) will be found in extenso in another
part lof our impression. Generally speaking they
are movements in the right direction. They are in-
tended to produce an improved system of economical
_management, to remedy obvious defects, and to give
-a regular and uniform action to all the component
parts of the existing system ; "to satisfy Parliament
and the country that these great national establishments
are conducted with the same regard to economy—the
- same honest desire to make promotion dependent on
merit, and the same scrupulous attentiontos,thtohsaet
minute details of management upon which the loss or
gain of a manufacturing establishment depends,
in all private enterprises have constituted the secret

of success." These are undoubtedly correct prinei.

In other respects we have no fault to find with the
Minutes. They are, as we have stated, steps in the
right direction, but we trust that they may be
speedily followed by some more important reductions
in the higher branches.

have- the temerity to gainsay its correctness—it is
manifest that there are no insurmountable obstacles
to the prevention of any such occurrences as this ex-
plosion at the Darley Main Colliery. For the ven-
tilation of the mine the proprietors should be held
responsible under' the heaviest penalties; and the
possibility of uncovering to the subterranean
atmosphere the lights contained in the Davy lanterns
might be wholly precluded by having the " catch "
of the wire-guaze effectively padlocked. Supposing
by any improbable chance that the light should be-
come extinguished, it would surely be preferable for
the miner to grope his way from the darkness than
to hazard his own life and those of his companions by
negligently uncloaking fie smouldering wick. Any-
thing, in short, would be better than the constant
endangerment of the existence of a whole community
through the foolish inattention of an indolent over-
seer, or the absurd temerity of an ignorant
workman. Until some precautions of the nature here
suggested shall have been taken, we shall continue to
insist upon the urgent demand for interference on the
part of the Executive ; and shall never tire of bring-
ing the perilous position of the unfortunate colliers of
Derbyshire and Staffordshire, and the other mining
counties, under the consideration of the Home Secre-
tary. Unhappily, we are in no expectation that
there will be any dearth of opportunities. Numerous
and appalling as these explosions have been, we are
satisfied, from a deplorable experience, that the ca-
tastrophe which took place at Darley Main Col-
liery on Wednesday will be anything but the
last of the same description. Unless the Government
interferes, promptly and peremptorily, these casualties
will continue to be of perpetual recurrence. By
mulcting the owners of the pits of heavy penalties,
wherever it shall be proved that there has been a
gross insufficiency of ventilation, and by rendering
the padlock an essential accompaniment of the Davy
lantern, we may put an end at once to the possibility
of these destructive explosions. Not otherwise.

Again and again we have considered it our duty
as journalists to insist upon the necessity of greater
caution in the management of the collieries. Again
and again our arguments have been enforced by some
ghastly explosion, carrying death and desolation to
many honest families, and mutilating limbs that
might otherwise have toiled on manfully until the
age of decrepitude. Another of these grievous catas-
trophes has recently started the public anew into an
appreciation of the dangers to which we have so fre-
quently and so earnestly made reference. On Wed-
nesday last, in a pit situated in a beautiful dale in
Yorkshire—known as the Darley Main Colliery, near
Barnsley—eighty persons out of one hundred and
five labourers, were suddenly destroyed by the
ignition of the inflammable atmosphere. Up to the
latest intelligence received from the neighbourhood
the result of the search among the sufferers had
proved as follows :
Number of men and boys in the pit at the time of
the explosion ... ••• •••
Dead bodies found up to eight o'clock on Wed-
nesday
Ditto found on Wednesday night and Thurs-

... 105

day ... •• -
•••
••• 70
Persons brought out alive, who have since

died _
Persons f ound alive, and still living ... 25
Persons still missing and supposed to be dead 3

-105

The details of the calamity are, moreover, as is
usual upon all such occasions, sufficiently horrify-
ing. Some were charred and distorted, some had their
bones shattered, others their flesh lacerated, others
their clothes burnt and blackened as with gunpowder,
while the majority of the unfortunate creatures who
were killed had received so many bruises and dis•
figurements as to be wholly unrecognizable by their
nearest and dearest relatives. While we are still
shuddering from the relation of these hideous suffer-
ings, while we are still conscious that the relicts and
children of the poor men who have perished while
labouring for their maintenance are yet bewailing
their misfortunes, it may not be idle to revert to the
subject so intimately connected with the catastrophe—
the origin of all these sufferings and the cause of all
these misfortunes. We mean the culpable negligence
with which the collieries are too frequently con-
ducted. . _

THE FRENCH REPUBLIC.

We have received the Paris papers of Saturday and
yesterday.

Paris was on Saturday in a more agitated state
than it has been since June last. The reactionary
proceedings of the Ministers have excited a spirit of
detestation towards themselves and their measures
which is only equalled in intensity by that with
which M. GUIZOT and his Ministry were regarded
twelve months since, and we are sorry to perceive
that their sins are in some degree visited upon the
PRESIDENT of the Republic. The appointment of
M. LHERMIXIER, one of the most violent of the parti
pretre, to a professorship in that university, the au-
thority of which he has for years past been endeavour-
ing to destroy, has excited the just and natural indig-
nation of the students against the obscurantist Minister
of Public Instruction, M. DE FALLOUX, who seems
to have taken M. DE FRAYSSINOTS as his model,
and to have accepted office solely for the pur-
pose of disorganizing the University of France.
The students assembled on Saturday at twelve
o'clock, a deputation of them presented themselves at
the entrance to the National Assembly to hand in a
protest against the nomination of M. LHERMINIER to
the chair of Legislation in the College of France.
The Questors on learning their object ordered the
gates to be closed, and the guard to turn out. One of
the officers of the Assembly then advanced to the de-
putation, received the protest from them, which was
afterwards presented to the Assembly by M. MARTIX
BERNARD. The deputation then returned and re-
joined their fellow-students who were awaiting their
arrival at the office of the Democratic Pacifique in the
Rue de Beaune. While these young men (about
1,1100 in number) were quietly waiting in the court-
yard of the house in which the office of the Demo-
cratic Pacifique is situated, four of the Gardiens de
Paris arrived and attempted to arrest the student who
appeared to be acting as leader—his comrades rushed
forward and rescued him, and a crowd assembling,
the porter closed the gates of the house. Soldiers
soon after arrived and occupied the whole of the
street. They entered the court of the house, and
arrested twelve of the students. The remainder
formed themselves into a procession, and proceeded
to the quarter of the University, singing " A bas
Pal-
loux,", to the air of Des Lampions.
The Gardes Mobiles, too, incensed at the recent
reductions made in their pay and appointments, are
by no means well affected to the present Ministry—
indeed, they are on the verge of open insurrection.
Several of the officers of the Uardes Mobiles were ar-
rested on Saturday by order of General CIIANGAR-
NIER. Open war has at length been proclaimed be-
tween the Ministry and the Assembly, and it will be
a war a redrew. It will be in the recollection of
our readers that M. LEON FAUCHER on Friday pre-
sented a measure to the National Assembly for the
suppression of the clubs nominally, but really for the
suppression of every public meeting of every sort and
description. The law presented was in direct breach
of one of the articles of the Constitution, and the in-
tention with which it was presented was to lay a trap
for the Assembly.

The National thus exposes the flagrant attempt on
the part of the Minister to violate the law and to com-
promise the Assembly :
" ART. 8 oil THE CONSTI- " BILL PRESENTED BY M.
TUTION. LEON FAUCHER.
_ _

"Citizens have a right to " Clubs are prohibited.meet together, to assemble Will be considered as such
peaceably,alad without arms, every public meeting which
to petition, to manifest their shall be held periodically,
opinions by the press or or at irregular intervals,
otherwise; the exercise of for the discussion of politi-
these rights has only for cal questions."
limit the rights or liberty
of others, and public secu-
rity."
This simple comparison is sufficient to characterise the
Bill, and to show its unconstitutional character. It is
that policy a outrance which M. Guisot practised a year
back with the success and results which are known to
every one. It is the right of meeting, the violation of
which by the old Government led to the revolution of
February, violated again by a Ministry of that revolu-
tion itself, or rather by a Ministry of the counter-revc-
lution. It is the Constitution slighted in its spirit, and in
its letter. What is the object of the Ministry, whether
with respect to the Assembly, or with respect to the repub-
lican masses, in presenting such a Bill? Let us first
speak of the Assembly. The Ministry lays a trap for it. It
' thinks that it equally attains its object, whether the As-
sembly rejects or sanctions the Bill. If it be rejected,
the Ministry hopes that the Assembly will thus render
itself suspected by a certain part of the country of
anarchical tendencies ; if on the contrary, it sanctions
the provisions submitted to it, the Ministry hopes that
in so giving itself an example of violation, it will render
ulterior violations more easy ; it hopes also that the As-
sembly will become unpopular with the energetic, and,
at the same time, sincere opinions which have looked on
the Republic as a bona fide Government. But the Mi-
nistry will fall into its own snare. The Assembly, which
has already passed a law to regulate the clubs, and which
may modify it if necessary, will know how both to re-
cognise, and cause it to be recognised, this double prin-
ciple—respect for individual right, and punishment of
attacks made on the right of society. It will thus show
that it is neither anarchical nor counter-revolutionary.
As to the masses, as to those energetic and sincere opi-
nions of which we spoke just now, it would appear that
the design is, by this audacious policy, to drive them to
despair. Such, no doubt, is not the design of the Mi-
nistry; it is blinded by its false ideas, as to the normal
conditions of democratic societies, and, in virtue of these
ideas, it comes to decisions of which it does not measure
all the signification and all the importance. however
that may be, the good sense of the masses will show more
respect for the law and the Constitution than the reac-
tionary system of the Ministry."

Without intending by any means to include in our
censure all the collieries in the northern and midland
counties, we are, nevertheless, compelled to regard
the ill•arranged collieries as the rule, and the well-
arranged collieries as the exception. Even in those
cases where the accident can never be positively traced
to its source, it is invariably conjectured by all expo_
rienced men that it has arisen from an insufficiency of
ventilation, coupled with the careless exposure of a
naked light. In the vast majority of these explosions
7° may safely aver, without any dread of contradic-
tion, that the cause of the calamity has been the
simultaneous concurrence of these two dangerous
under
oversights
inary circumstances There is no fear, there can be no fear
in
consequence
ees thatof th thee
striking detonation
out canof
take place,
aspartkhe
nailfrom
of a
the collision of a pebble
against heavily ironer] shoe. Such ca-
sualties may occur in an ill-managed powder maga-
zine when the attendant fails to slip on the flannel
slippers before his entrance, but in a coal-pit—the
mere supposition is preposterous. Now taking this
emotion for granted—and no one
we conjecture will

The bureau appointed to consider the urgency of
M. LEON FAUCHER'S proposition reported on Satur-
day against its urgency, the members of the bureau
declaring their hostility not only to the urgency of
the measure but to the details of the measure itself.
M. SENARD was the reporter. In his report, M. SE-
NARD clearly lays down that the Committee proposed
the rejection of the "urgency," because it did not ap-
prove of the principles of the Bill itself. It was not,
he said, the tutelary regulation of a right consecrated
by the Constitution that was demanded ; it was the
right itself that was contested ; for the expose des
motifs read by the Minister o the Interior had
frankly admitted that the whole pith of the mea-
sure was in the words " the clubs are pro-
hibited." However much the disorders which
had resulted from the clubs might be deplored,
and however anxious the Assembly might
be to put an end to them, the Conlnittee could not
accept a measure which would have the effect of an-
nulling a right consecrated by the Constitution. So
far the report was opposed to the principles of the
Bill. As regards the urgency of the measure, M.
SENARD also declared that the explanations given by
the Minister of the Interior did not justify its neces-
sity, as it appeared that the clubs, instead of in-
creasing, were rapidly diminishing. On the 28th of
July, when the decree regulating the clubs was
passed, there were thirty-seven clubs existing in
Paris, while at the present day there were only
eleven ; and of these five had been closed within the
last few days by judiciary decisions. He therefore
thought that there were no grounds for urgency ; but
that, on the contrary, if the Assembly should think
fit ultimately to adopt the measure, it ought to do so
uafstuearl formssolem and
solemnly considering
gsthe question, with all the
The Assembly confirmed th^ decision of the Com-
mittee, and determined by a majority of 76 not to

pies, perfectly unexceptionable in every respect. It
is less surprising that the light should at length have
fallen upon their Lordships, that, yielding to the in-
creasing pressure from without, they should so tardily,
and at the eleventh hour, have adopted those obvious
rules, without which a private firm would speedily
be involved in bankruptcy and ruin, than that a
proper system should so long have been neglected ;
that the abuses which sprung up during the pro-
tracted rule of Lord MELvILLE, and which prevailed
during the short tenure of office of his late MAJESTY
as Lord High Admiral, should have_been continued

THE SUN, LONDON, MONDAY EVENING, JANUARY 29, 1849.

grant " urgen,y" to the demaml of the Alinkfers
The numbers were—
For confirming the report of the Committee 41ii
Against it . . 342

Majority against Ministers .. 76
This was not the only check received by the
Ministers in the course of the sitting of Saturday.
M. DEZEIMERIS presented the report of the Com-
mittee on M. BILLAuLr's proposition on the budget,
which was entirely in favour of M. BILLAULT'S views,
and in the discussion on the Council of State Bill
they were again defeated. The Ministers were de-
sirous of having the Conncil of State elected by the
new Assembly, but the clause enacting that they
should be elected by the present Assembly was car-
ried in opposition to them.
During the course of the sitting M. LEDRU
ROMAN presented the following proposition, signed
by 48 Members, for the impeachment of thellli-
nisters

" Considering that the anti-Republican policy of the
Ministry has just manifested itself by a'fact which is an
attack upon the rights of citizens and on the funda-
mental principle of the sovereignty of the people;—
"Considering that the right of meeting is a natural
right, and a political right written and consecrated in the
Constitution of the French Republic ;
"Considering that, by the project of law presented
yesterday, the 26th of January, tor the suppsession of
the clubs, the Ministry have rendered themselves guilty
of an act which is a flagrant violation of Articles 8 and
51 of the Constitution ;

" Considering that the Ministry is responsible for its
acts, according to Article 68 of the Constitution ;—the
undersigned Representatives of the people demand the
immediate impeachment of the Ministers, and their trial
before the High Court of the Nation, to be there judged
in conformity with Article 91 of the Constitution.
(Here follows the Signatures.)
" Paris, Jan. 27, 1849."

But it is not the Ministers alone who are held re-
sponsible by the Republicans for these attempted
violations of the Constitution ; the more advanced
members of the Republica❑ party, and among them
M. PROUDHON, are determined that the responsibility
of the PRESIDENT shall be aireality. M. PROUDHON,
in his journal Le Peuple, thus speaks of the PRE-
SIDENT :

" Behold him, then, this President! he who ought to
exert every nerve towards the strengthening of our re-
publican institutions, but who, by his apathy and his
intrigues, and scattering around him corruption and
despair, is incessantly occupied in the disorganization of
the Republic. Behold him, this equivocating Republi-
c.tn, who complained of being calumniated, and who
drives ircm their places all true Republicans, and hands
over prWectures, the bench, &c., to hordes of reactionists,
to moHarchists, proved through thirty years of treason !
Fm r him even the Republicans of the morrow are of too
s,,mnre a colour. Absolutists by race and of the old
stniek are the men for him. Louis Bonaparte has set
on foot the question of the dissolution of the Assembly.'
Very good! Monday next, the Assembly will, in its
turn, set on foot the question of the dismissal of the
President!"

" Art. 6- There shall in future be but one bank of
issue and (ii:ienunt, the 13,1,1 of Safi Fernando wit!,
therefore, have to come to an accord with those of Cadiz
and Barcelona, in order to find means to realize the,
union of the latter with the first, without the least in-
jury to their respective interests, and with the approba•
tion of the Government. This object being obtained,
the banks of Cadiz and Barcelona shall act as discount
establishments of the Bank of San Fernando, and their
shareholders shall receive shares of that establishment.

Le Peftple of Friday, in which the above appeared,
was seized at the Post-office, and an application was
made to the National Assembly, on Saturday, for
leave to prosecute I.‘l. Paounnorr, who, in Le Peuple
of Saturday, thus returns to the attack :
"We said yesterday, The struggle is between the
National Assembly and Louis Bonaparte. Louis Bo-
naparte has laid down the question of the dissolution
of the Assembly. Oa Monday next the Assembly will
lay down the question of the dismissal of the Presi-
dent.' The Procureur of the Republic, a subaltern of
the President of the Republic, has considered this judg-
ment disquieting for his superior, and has seized our
number. Let him seize this also! for we cannot refrain
from saying, The fiction of royal inviolability was
abolished by the Constitution of December 4—the Pre-
sident of the Republic is responsible.' Yes, and it is not
we who say it—it is the force of things. On Monday
a decisive battle will take place between the revolution
and the counter-revolution—between the revolution, re-
presented by the National Assembly—and the counter-
revolution, represented by Louis Bonaparte. Is it
possible to deny this? If the Assembly were dissolved
the counter-revolution would meet with no more obsta-
cles: the Constitution would be destroyed—two cham-
bers would be re-established—the inviolability and re-
eligibility of the President would be declared—his civil
list would be increased tenfold—monarchy be restored
—corruption reconstructed—and the people again en-
chained. On the contrary, Louis Bonaparte conquered,
having resigned or being dismissed, the counter-revolu-
tion would be cast down—all its hopes be ruined irrevo-
cably and for ever."
The Reforme publishes the following protest of the
Republican journalists against the Bill for tne sup-
pression of clubs :--
"The undersigned, considering that the right of meet-
ing and association is a natural right, anterior and pes•
terior to a positive law, and recognised, moreover, by
the Constitution;
"Considering that the law presented by the Ministry
has also for its object to regulate the exercise of that
right as the Constitution requires, but that it suppresses
it in an absolute manner, and thus deprives the sovereign
people of their most important political prerogatives;
'• Considering that the Ministry, by the mere fact of
the presentation of that law, attacks both the Constitu-
tion and the natural rights of man:—
, " Protest with all their energy, and call on the As-
sembly to impeach the Ministers who have dared to at-
tempt that coup d'etat.
"(Signed) The Re:forme :—Charles Ribeyrolles, chief
editor; V. LeJutre, director; Alexis Lagarde, Ca)la,
P. Coq.
" ii'epuOque :—Eugene Bareste, chief editor; Chatt.rd,
ry E.

" Peuple :—Darimon, sub-editor; Langlois, Faure,
Vasbenter, I):whene, Madier de Moutjan, senior, advocate
of the People.
r;evolution Democratique et Sociale :—Charles Delos-
cluze, chief editor; Amable Lemaitre, Goumain Cornille,
1). Piiettte, Martin, Castille, U. Delescluze, A. Carl* H.
Biji.
" Traral Affranchi:—Toussenel.
" Clubs :—Tessier du Motay, Bernard, Garnet, E.
Marlicr de Montj an, jun., J. B. Bocquet.
In consequence of these manifestations great un-
easiness has been created in the minds both of the
PRESIDENT and of his Ministers, and a conference, at
which not only the whole of the Ministry, but MM.
JEROBLE and NAPOLEON BONAPARTE, and MM.
VIELLARD and AUBATUCCI were present, was held
yesterday at the Elysee. The members of the Bona-
parte family and the personal friends of the PRE
SIDENT recommended that he should dismiss his
present Ministry, and send for MM. BILLAULT and
DE LAMARTINE. Their advice was, however, re-
jected, and the PRESIDENT determined to commit
himself with his present Cabinet in a struggle against
the Republic, and in support of reaction. The plans
discussed and, according to report, approved of, were
these— _ .

" Art. 7. The Bank shall have a fund of reserve equi-
valent to 20 per cent. on its effective capital, or forty
millions of reals, formed of the net profits resulting
from its operations, deducting 6 per cent. for the pay-
ment of the annual interest of its capital. The profits
that may result after astisfyin the expenses and inte-
rest shall be applied, one half to the shareholders, and
the other to the fund of reserve, until the latter reaches
forty millions, when the whole profits shall be divided
among the shareholders.

" 1. To strengthen the Ministry by bringing Mar-
shal Bugeaud into the Cabinet as Minister of War, and
giving orders to the Prefects of the different departments
to get petitions signed, praying for the dissolution of the
Assembly, and to have them sent to Paris, with deputa-
tions from all parts of France.
" 2. To give the National Assembly notice of the re-
signation of the President of the Republic (who would
for the present be replaced by the Vice-President); and
to announce an appeal to the country for the 15th of
February, in order that the country may have an oppor-
tunity of determining between the Assembly and the
President, who, in the present state of feeling in France,
would evidently be re-elected.
"3. To dismiss the National Assembly by a coup
etat, which it is calculated might be done with the
assistance of the army and the portion of the National
Guard which would support the President."

" Art. 8. The shareholders shall only answer for the
amount of their respective shares.
" Art. 9. Foreigners may be shareholders of the Bank,
and take part in all the operations of exchange and busi•
ness, but shall not obtain any charge in its government
and administration, unless they should be domiciled in
the kingdom, and possess a letter of naturalization ac-
cording to the laws.

" Art. 10. The funds which exist in the bank belonging
to foreigners shall not be subject to reprisals in ease of
war with their respective powers.
" Art. 11. A year before the expiration of the term of
twenty-fire years conceded to the bank, the Government
may propose its continuation to the Cortes, if the general
assembly of shareholders should solicit it.
" Art. 12. In ease the capital of the bank should be
reduced to one-half before the completion of the twenty-
five years, the dissolution and liquidation of the company
shall immediately take place.
" Art. 13. The bank shall occupy itself in discounting,
drawing, lending, keeping current accounts, collecting
payments, receiving deposits, contracting with the Go-
vernment and its dependencies competently authorised,
with corporations and with individuals, without the es-
tabdshment being ever uncovered.
" Art. 14. The bank shall not be able to make loans
upon its own shares, neither shall it deal in the public
funds.

" Art. 13. The premium, the conditions and guaran.
tees of the operations expressed in Art. 13, shall be
fixed in each case by the bank conformably to what its
regulations provide. In loans on public stocks a reso-
lution shall be previously made, which may fix the value
of the effects on which the loans have to be made. This
resolution shall be renewed every fifteen days.
"Art. 16. The Royal Council (better known is the
Council of State) shall take cognizance in future of all
the infractions of the laws and regulations that rule in
the bank.
" Art. 17. The Government shall cause the new sta-
tutes that are to rule at the bank to be formed with re-
ference to the preceding bases.

'}illony of her

These are the three modes agitated in the Council.
It was also resolved, that the closing of the clubs, at
least temporarily, should be persisted in.
It is evident that the reactionary party are deter-
mined, if possible, to bring about a civil war between
Paris and the departments. The struggle may be a
long and bloody one, but it must terminate eventually,
as all such struggles have ever terminated, in favour
of Paris. Witness Lyons turned into Ville Affranchie
in the first revolution ; witness the destruction of the
Giroiadins ; witness the never failing result of every
war in La Vendee.

A dispute occurred on Saturday between M.
TRELAT and M. THIERS, which ended in a hostile
message from the latter gentleman. Thanks, how-
ever, to the intervention of Marshal BUGEAUD and
M. HECKERERS on the one side, and to that of MM.
GREVY and RECURT on the other, the affair was
amicably arranged.
Some heavy sales in Five per Cents. were effected
yesterday in the Passage de l'Ofka, which gradually
brought down prices to 74f. 10c.
BUSINESS DONE IN FOREIGN RAILWAYS AT AT TIIE

LONDON STOCK-EXCHANGE, JAN. 27.
Boulogne -and /Amiens, 8 ex exchange—Central of
France (Orleans and Tierzon), 7%—Luxembourg (7/.), 1/2
—Northern of France, 7% ex div.— Orleans and Bordeaux,
24 ex div.—Paris and Orleans, 28—Rouen and Havre,
9%—S4mbre and Meuse, 33/n

(Signed) " ALEJANDRO MON.
" Madrid, Jan. 19, 1849."
The Clamor Publico says, that NARYAEZ has re-
solved to resign.
Nothing is known of the movements of CABRERA
since he entered the Sierra de Monserey.
The insurrection in Guipuscoa appears to be ga-
thering strength. ARRENDO is at Onate, organizing
his recruits ; and the detachments of EGANA, MAzo,
and LANUMBR have entered Guipuscoa from France.
AQUIRRA and LANZAN are also in that province.
From Navarre we learn that two companies of
the QUEEN'S troops, stationed at Ochagavia have re-
tired into Pampeluna, fearing an attack from the
Carlists. The Progressistas of Narvarre have also
risen, and it is said, that SALAMANCA has crossed the
frontier. The Progressista insurrection is also pro-
gressing in Huesca and Arragon.
The Carlists have defeated the QUEEN'S troops at
Espinal.

MADRID BOLSA, JAN. 22.—The Three per Cents.
closed on the 22d instant at 20 cash ; the Five per
Cents., at 9j- cash ; Debt without interest, 3i cash.
Coupons, 6 paper.

Almighty continu,. to stretch ,Jut hii prmt.cting arms
over us! May He make known to the King and the
people what is His will, and lead us in the way which
alone can conduce to permanent happiness!"