The Sun.
London, England, 1849-07-11 00:00:00

ITALY.

A third deputation has been dispatched from
Bologna to the POPE at Gaeta.
One of the articles of the capitulation of Rome is
that all the troops are to be disarmed except the Civic
Guard.

The Austrians are concentrating their forces round
Venice.

The Genoa Gazette of the sth quotes letters from
Rome of the 30th. They state as follows :—" A
terrible bombardment began at four in the morning,
and lasted three hours. Mortars had been planted
upon Mount Parrioli. The whole defence almost
was maintained by the Legion Manara, which was
soon, however, overpowered, and obliged to retreat
with the loss of three cannon, which were spiked.
Masrmaa was killed in the struggle. The position
of Vascello was abandoned by the Romans.
The damage done by the French artillery is
immense. The Spada Palace was struck by 37 can-
non balls, and the famous statue of Pompey is no
more. The fresco of Poussin, in the Palace Castagni, is
destroyed. St Peter's, in Montorio, is riddled with
shot that have destroyed the paintings of Sebastiano
da Piombino, and ruined the temple of Bramante.
At two P.M., on the 30th, the Assembly finished the
discussion of the Constitution, and thus their mission
was at an end. The Triumvirs came to state the
desperate circumstances of the defence. Three pro-
posals were discussed :—lst, to surrender ; 2dly, to
defend themselves within Rome to the last; 3dly, to
leave Rome and defend themselves in the provinces.
The troops were for the second course. The noise of
artillery frequently drowned the voices of the orators.
The moor of Garibaldi, who had acquired great fame
tor valour, was killed in the engagement of the 30th.
The Opinione of Turin of the 6th states that the
Assembly of the Venetian Representatives has voted
the order of the day on the following conditions for
surrender proposed by Austria. Ist. The acknow-
ledgment of two-thirds of the communal paper-money
and of one half of the Patriotic one, on condition of
either having course at Venice only, and of its ex-
tinction being at the sole charge of the town.
211 y. The acknowledgment of the civil rights
emanating from laws made by the Provi•
sional Government. 3:11y. The restoration of
the customs' line as it was before the revolution.
4thly. The restoration of the same functions and
functionaries till a new organisation be introduced.
othly. The obligation of sending away all foreign
soldiers, and all strangers who hare not been settled
for some time at Venice. 6thly. A general amnesty
for the citizens except forty, whose names would be
given at the moment of the Austrians occupying the
town, and who would have to leave the city imme-
diately.
A subscription has been set on foot at Turin for
erecting a marble statue to CHARLES ALBERT.

The last accounts from Oporto were rather satisfac
:ory than otherwise.

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MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
There was much excitement in the Cotton market at
Liverpool yesterday, and prices of American were id.
per lb. higher. The demand commenced before the ar
rival of the steam9r, and has continued at the full
rates of Monday. The sales were 16,000 bales, including
7,500 on speculation, and 1,000 for export. The trans-
a?!tons were as follows:-12,000 American at aid. to
Cll., 1,500 Pernams, &c., at 44d. to sid., 200 Bahia at
5 i. to 51d., 1,500 Egyptian at ski. to 6id., 500 Surats at
3-1-d. to 4d., and 500 Sea Island at Bd. to Is. 4d. per lb.
There was a firm market for Railway Shares, although
the business done was limited.
The letters from the United States were delivered this
morning. They teem wish favourable reports from
California, and the effect of the gold production is more
likely than ever to excite attention here. From New
York we are advised as follows:

" Foreign Exchanges remain steady at previous quo-
tations. Sterling bills been in moderate demand for re-
mittance by this packet, while there has been very little
demand for bills on Paris, in consequence of the distrust
existing, and the disposition exhibited to ship specie.
On other points there is nothing new. Domestic ex-
changes continue quiet, without any change in rates.
Bills on all points were at a discount, and aro likely to
remain so. The movements in specie are not sufficient
to produce any change in prices, and we have not there-
fore made any alterations. Uncurrent money is un-
usually inactive at this season of the year, in conse-
quence of the absence of country merchants."
As to California, we scarcely know what to select
from the accounts before us. One writer observes :
" A large number of emigrants are now on their way to
the mines of California. Many of them will not arrive
there before July, but the bulk of them will be on board
by the Ist of August. We should judge from the num-
bers which have left our ports, and those who have
taken the land route, that, by the Ist of August, full
eighty thousand people will be in the gold regions of Ca-
lifornia. Suppose fifty thousand of these engaged in
digging for gold, it will give an average of more than
thirty thousand diggers for the whole season, equal to
about two hundred working days. The production of
such a large number of labourers, at the rate realised
last year, would amount to the enormous sum of ninety-
six millions of dollars. This is not an over-estimate,
and the calculation is formed npon data which no one
can dispute. According to our ideas of the mineral
wealth of California, the production of gold will be
limited only by the number of people engaged in the
mines. The supply is pronounced inexhaustible. If such
is the fact, we cannot form the slightest idea
of what the product will be a few years hence, when the
valley of the Sacramento will be teeming with popula-
tion. If the ratio of increase from year to year is as
great as it is likely to be this year, compared with
last, California will literally flaod the world with this
metal, and produce as great a revolution in its value,
and in its uses, as has over been realised in any of the
political and religious systems of the world. We do not,
however, look for those results which are generally an-
Ccipated, from this immense increase of this representa-
tive of property. It appears as though an over-ruling
Power interposed its special providence in shaping events,
to prevent that utter and complete derangement of
° f 11 the
lanc!naarks of commerce, and a destruction of all the old
systems of finance."
In Canada all was quiet, but certainly matters were
not in a very wholesome condition. Trade was very dull,
and the weather exceedingly hot.
Advices from Hayti, per schooner Tellui, state that
the President, Soulouque, had disbanded his army and
ordered them to return to their homes.