The Sun.
London, England, 1849-02-15 00:00:00

me how greatly the name I bear possesses your sympa-
thies. lam proud of being your commander,—l, a poor
exile, brought back to my country by the victory of the
people. We should have had some painful days to pass
through, had not the energy and wise foresight of the
present Government saved us from those fratricidal con-
flicts which are so cruelly painful to every patriotic
heart. It is particularly in civil discord that it is
better to prevent than to repress. From whatever side
attacks upon our institutions may come, we will join to-
gether in defending the Republic and our President, who
represents very nearly the unanimity of the country.
The second legion has only to continue to act as it has
done in past days to deserve well of the country in fu-
ture. I know the duties which are imposed upon me by
the esteem and confidence of my comrades, and I will
endeavour to fulfil them."
It is said that M. LADIARTINE, and several of the
Moderate
.Republicans have joined the Election
Committee, of which M. NAPOLEON BONAPARTE is
President.

Natirtais, which is generally con-
sidered as the organ of the Royalist reaction, pub-
lishes the following programme of the approach-
ing reactionary campaign in Italy :
As soon as the snows of the Alps and the Tyrol are
melted in the spring, while the gentlemen of the Con-
gress are talking here—what will take place. The Pope
will be replaced in his States, and the revolutionists and
the Roman Republic turned off. The same fate will at-
tend the democratic babblers of Leghorn, Florence, and
Palermo, and if Charles Albert be driven by the revo-
lutionists to appeal once more to arms, the Austrians
will march To'Turin, and afterwards deal with the agita-
tors of Berne and Ztirick; such is the truth, and is even
better known in the regions of diplomacy than by our-
selves."

The Bank of France has published a report of its
operations during the year 1848. This report thus
describes the conduct of the Bank during the crisis of
the revolution :

" Although released from the obligation of paying its
notes in cash, the Bank sought by every means in its
power to increase its stock of the precious metals. It
purchased bullion both in France and abroad, sometimes'
on very onerous conditions, to the amount of about 40
millions. This quantity, when coined, served to supply
the wants of the Treasury and of commerce. To the
Treasury and to the principal administrations in Paris it
delivered a sum of 105 millions, and the receivers-gene-
ral in the departments received nearly 31 millions from
the branch banks. More than 158 millions were put
into circulation in Paris. In all about 506 millions were
spread over France in the month of March, notwith-
standing the decree which suspended cash payments in
bank-notes. _ _

"On the 31st March the Bank lent the Treasury 50
millions, without interest, on Treasury bonds, which
were then at a discount of 50 per cent. On the sth
May it made another loan of 50 millions on a transfer
of Rentes belonging to the Caisse des Despots et Con-
signations. On the ad June another loan of 150 mil-
lions, payable 75 millions in 1848, and 74 millions in
the first three months of 1849, and 22,500,000 f. in
prepayment of the share of the Government loan sub-
scribed for by the Bank. To the City of Paris an advance
was made of 10 millions on the loan of 25 millions, which
it was authorised to contract, but which circumstances
had prevented its negotiating; and a further sum of three
millions to complete certain public works. The Bank
also lent three millions to the city of Marseilles; one
million to the hospitals of Paris. In the whole the loans
made by the Bank beyond its usual operations amounted
206 millions."