The Sun.
London, England, 1847-01-13 00:00:00

for three years and a half. Of this dream but one re-
collection and thought remained—it was that my happi-
ness would be complete, if, on the day of the inaugura-
tion of the Congress I might be permitted to address the
nation. What I wanted to say, and shall now say, is,
that it is reserved to this Congress to raise its voice with
vigour, firmness, and unanimity, in order to exrress
the wish that a veil be drawn over the p,iitical
errors we all of us have more or less hitherto
committed. Such is the only means of creating a
national government. Exclusions prove but ot2e
thin;—the weakness of our iestitutions (and re-
member that many of you have contrftuted to
their establishment)—great feebli.ness in the men now
in power, or the great importance of those who are ex-.
eluded. Do not forget a people who have made such
mighty sacrifices for twelve `ears past—a people %l ho
have seen so much generous blood shed for the consoli-
dation of the constitutional throne of our Queen. Yes,
gentlemen, let us drop a veil over the Past, and not re-
member this day what occurred yesterday.. Let us think
but of the prospects of our country. I should not hesi-
tate to make a formal proposal to this effect, but I and
my political friends are not ambitious of such laurels.
This glory is allotted to the gentlemen sittir on the
Other side. It behoves us to accept this initiative, and
the Government to agree to it, by co-operating in pro-
caring the felicity of our country. It is, then, that we
shall be really strong, and that it will be said of us, in
the words of a virtuous Spanish citizen, beware of the abyss
opened beneath your feet ; it will receive all parties;
some will fall first, but the rest will follow. This awful
truth terrifies us. The Deputies of the minority of the
Congress support so patriotic a proposal. Such are
my sentiments now as in 1835, when I returned to my
conntry after a grievous emigration of twelve years."
This speech made a deep impression on the Cham-
ber, and has, it is said, been received with satisfaction
by the Court. The Chamber will not be perma-
nently constituted until the 15th.
The province of Gallicia has been relieved from.
martial law.

Letters from Cadiz announce that the Spanish
steamer Villa de Madrid was burnt in the harbour of
that port on the 28th. No lives were lost, and part
of the cargo and the machinery were saved.
MADRID BOLSA, JAN. s.—The Three per Cents. were
done at 314 for cash; the Five per Cents. at 20,1 ; the
Coupons at 184 ; the Passives at 61—one operation
of 200,000 reals was done in the latter. The Union
Bank of Madrid had issued its notes.

We have received the Paris papers of Sunday.
They all speculate upon the probable tenour, of
the KING'S Speech on the opening of the Umbers
on Monday last, but as the Speech will be found in
another column, of course these speculations are now
out of date. It will be observed that tie Montpen-
sier marriage is alluded to as a fresh pledge of those
good and intimate relations which htive so long ex-
isted between France and Spain, and the maintenance
of which is as desirable for the prosperity as for the
reciprocal security of the two States, and that the
Cracow affair is touched on very gingerly :—" An
unexpected event has impaired the state of things
founded in Europe by the last treaty of Vienna. The
Republic of Cracow, an independent and neutral
State, has been incorporated with the empire of Aus-
tria. I have protested against that infraction of the
treaties."

It is rumoured that in the original draft of the
Speech the sentence relative to Cracow exhibited
considerable energy, but that it was altered to its
present inoffensive form by the desire of the KING.
The state of the Bank of France still continues to
excite alarm. The Siecle says_

" The shares of the Bank of France underwent on
Thursday a full of 60f., which occasioned a depression of
all the securities. It appears that the shareholders t ,ok
alarm at the report that the Bald( was about to raise the
rate of discount. We cannot tell how far that rumour
was well founded ; it is, however, said that the Minister
of Finance insists on the Bank reducing its amount of
discounts ; and it is probable that several members of
the Council of Administration, concurring in the views
of the Government, are thinking of raising the rate of
interest, in order to limit the operations. The im-
portation of foreign corn, by necessitating a con-
siderable export of specie, has temporarily lessened
our metallic reserve. The Bank, in order to remedy
that inconvenience, has purchased in London ingots
anti dollars to the amount of 20,000,000 of francs. If
that precaution does not sufficiently re-assure timid minds
it would be preferable, instead of 20,000,000,- to lay out
60,000,000 in purchasing bullion, than to raise the rate
of discount, and check circulation. If the Bank limits
its discounts, it is not the wealthy bankers who will suf-
fer by it ; it will be the petty merchants of Paris. The
moment, besides, would be badly chosen to visit them
with such a measure, when they have so punctually ful-
filled their obligations. At the close of December com-
mercial bills, to the amount of 51,000,000, were paid by
them into the Bank, without the least difficulty or delay.
Notwithstanding sinister predictions and in the midst
of a financial crisis, the merchants of Paris honourably
met all their engagements. Moreover, money is'aburi-
dant, the last liquidation on the Bourse was atteeded
with no casualties, and the calls of the railroad com-
panies are easily effected. There exists no real per-
turbation ; but the contrary would be the case if the
Bank of France followed the advice of the Govern-
ment. The elevation of the rate of discount would
cause a crisis in Paris ; and a crisis might produce con-
sequences which the Ministry is far from anticipating."
The price of sour in the Paris, market on Saturday
had risen one franc per sack.
Rumours were circulated in Paris. on Sunday that
there was a split in the Conservative camp, as many
of the usual supporters of the Ministry were of
opinion that a more energetic line of conduct should
have been pursued with regard to the Cracow affair.
These rumours were generally credited.

The Three per Cents. were done on Sunday in the
Passage de I'Opera, Paris, at 791, 80c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JANUARY 11.
Boulogne and Amiens, 154—Luxembourg, Ys—Northern
of Fiance, 1014—Orleans and Bordeaux, B—Sambre and
Meuse, 5 is—Nast Flanders, 3.