The Sun.
London, England, 1849-01-04 00:00:00

heartily commend the plan of the Honourable
Member for Glasgow to the consideration of al
financial reformers. We believe that it is practicable.
We are convinced that it would be highly acceptable
to the nation as an instalment of justice; and, above
all, it would be a step in the right direction, tending
to the ultimate extinction of indirect taxation, ren-
dering our trade and commerce perfectly free and
unfettered, and placing the entire burden of taxation
upon those by whom it should -be supported—the
possessors of accumulated and realised property.

THE FRENCH REPUBLIC.

We have received the Paris papers of yesterday.
The elections of Presidents, Vice-Presidents, and
Secretaries for the respective bureaux of the National
Assembly, took place on Tuesday. They have been
chosen principally from among the supporters of
General CAVAIGNAC. Among the Presidents are:MM.
DE LAMORICIERE, DUPONT (de l'Eure), BILLAULT,
CAVAIGNAC, VALAUBELLE, MARIE, and FRANCOIS
ARAGO. MM. BIXIO, PASCAL DUPRAT, LANDRIN,
DE PARRIEU, and GERMAIN SARRUT, have been elected
Secretaries.

The PRESIDENT of the Republic complains bitterly
of the conduct of MM. THIERS and MOLE, in refusing
to join the Ministry, which is composed almost ex-
clusively of their followers ; and has, it is said,
determined, if they continue to refuse the responsi-
bilities of office, to apply to MM. BILLAULT and
GARNIER PAGES to form a Ministry, on the first
appearance of difficulty.
It would appear as if some understanding existed
between the republicans of the Vielle and the PRE-
SIDENT, from the fact that M. Gatxvr has renounced
his intention of putting questions to the Ministry on
the subject of the recent secession of M. LEON DI
MALLEVILLB. In the morning M. GREVY had a
long interview with some personal friends of the
PRESIDENT.

The existing Ministry is considered merely as a
ministry of transition, and the formation of a minis-
terial combination which would include M. BILLAULT
and M. JULES FAVRE (the author of the celebrated
Ledru-Rollin circulars) was considered probable.
Such a Ministry would probably introduce a measure
recognising the Dreit au travail, to which both M.
BILLAULT and M. JULES PAYEE are pledged, and
which right is distinctly acknowledged by the PR E..
SIDENT himself, in his work on pauperism.
The Assembly met yesterday, but the proceedings
were of little public interest.
The Committee of Justice was yesterday occupied
with the proposition of M. RATEAU, relative to the
dissolution of the Assembly. M. RATEAU declared
that he founded his proposition on considerations
connected alike with the dignity of the Assembly, and
the interests of the country. The Assembly, he said,
was elected to make the Constitution, and that
having been done the Assembly ought to withdraw.
M. E. LEROUX denied positively the force of the
conclusions come to by the Honourable Gentleman.
The powers of the Assembly, he maintained, were
unlimited, and it had a right to make whatever
organic laws it pleased. Still, looking at the
opinion which had been so generally expressed
throughout the country, the Assembly was, he
thought, called on to modify its position. He should,
therefore, support the proposition, with the exception
of that part which limited to two the number of the
organic laws to be voted. M. POINT declared him-
self to be precisely of the same opinion. M. Ds-
TOUREI opposed the proposition absolutely. M.
GREY"! opposed it on the ground that from this period
to March 4, the Assembly would not have time to
vote the principal organic laws and the budget. The
cry raised by a few journals ought not, besides, to be
looked on as the opinion of the country. No decision
has yet been come to by the. committee.
M. MARRAST has addressed the following letter,
dated the Ist, to the Evenenzent :
" Monsieur le Ri lactcur,—Your journal stated today
that I have officially announced my intention not to
again stand for the place of the President of the National
Assembly. I cannot conceive to whom I could make
such an official declaration, nor who could be qualified
to receive it, unless the Assembly itself ; in that case I
should make it publicly. Nothing of the sort has taken
place. I put myself forward as candidate only on the
day of my first election, six months back. Since then,
I should have thought that I failed in respect to my
colleagues, if I did not remain passively at their orders,
Such bas been my attitude in my five last elections. Were
I to assume any other at present, it would be either pre-
sumption or ingratitude; and I shall on every occasion
endeavour to keep myself free from both of these evil
sentiments. I trust that your impartiality will induce
you to publish this letter. Accept in advance my thanks
for doing so."
___ BOURSE—PARIS, WEDNESDAY, JAN. 3.

THREE O'CLOClL.—There was little animation at the
Bourse to-day. The opening prices of the French
Rentes promised higher rates being sustained, but they
closed rather lower than yesterday. Railway shares
with little variation. Bons du Tresor not quoted. Ex-
change on London (thirty days), 25 30 ; ditto (ninety
days), 25 20.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, JAN'. 3.

Boulogne and Amiens, B%—Namur and Liege, 5
Northern of Franee, 8 th—Orioans and Bordeaux, 2541—Paris
and Rouen, 183/4—Rouen and Havre, Mil—Sambre and
Meuse, 31h.