The Sun.
London, England, 1847-11-17 00:00:00

WING; NOVEMITtIft 17. 1847.

Duchy of Modena by the cession of the territories of
Pontremoli and Fivizzano, which was to take place I
after the union of Lucca with the Grand Duchy of
Tuscany, is a very grave one for Italy. A few words
on this delicate affair may nor, 'De without int. spat.
According to Articles 101 and 102 of tine Congre,s
of Vienna, the eventful union of the Duchy of Lucca,
with Tuscany was to be the consequence of the
Duchy of Modena taking possession of the Tuscan
districts of Fivizzano, Pietra Santa, and I3arga, and
the Lucca districts of Castiglione, Gallitano,
Mivac-
ciano, and Montignoso. The Dulie of Tuscany never
had ary taste for the interchanging of territories,
which was offered to him in perspective. Knowing
the attachment to his crown of the people of Fiviz-
zana, annexed to the province of the Lunigiana, or
district of Pontremoli, Leopold I. made advances to
the allied Sovereigns at the time of the treaty of
Paris, and afterwards the Congress of Aix-la-Chapelle,
in 1817, in order to obtain some modifications in
the above-cited articles of the Congress of Vienna
But in vain did the Tuscan Minister, the Cheva-
lier Carcher, multiply the applications to the ple-
nipotentiaries of the Congress ; in vain did the
Court of Florence make direct overtures to the Duke
of Modena, Francis IV. The articles of the treaiy
of Vienna were maintained, but in 1817 it was con-
sidered sufficient to attribute to the Infants of Lucca
the succession to the Duchy of Parma on the death or
abdication of the widow of Napoleon. As to the ter-
ritories belonging to one country separated from it,
and shut up within those of another country, they
were abandoned to the good pleasure and future deal-
ings of the respective sovereigns. The last Duke of
Modena, however, seeing that this question of the
inclosed and fettered countries might after his death
be the source of differences between his heirs and
their neighbours, consented at last, like the careful
father of a family, to regulate the question of boun-
daries. A secret treaty was concluded on the 24th
of November, 1844, between Lucca, Modena, and
Tuscany, with the assent of Austria and Sardinia,
which, no doubt, simplified the gecgraphical ques-
tion, but deeply wounded the feelings of the diffe-
rent populations. By this treaty, if the Italian
press has reported its stipulations correctly, Tuscany
kept possession of Pietra Santa and Barge, districts
joining Lucca, but ceded the district of Pontremoli
to the Duke of Lucca as future Duke of Parma.
The time is come for carrying those conventions
into execution. But, between the date of the treaty,
and that of its being put in force, the political
situation of Italy has been completely changed. The
accession of Pius IX., which has commenced a series
of reforms by the proclamation of the amnesty, rest-
ing on the armament of a civic guard; the entrance
of the Austrians into Ferrara ; the insurrections in
the Two Sicilies, and the recent Liberal measures of
King Charles Albert, have:revived and strengthened
the spirit of nationality in Italy, and each people
aspires to have a new Government upon a system of
civilization and liberty. All there events must na-
turally have their vibrations in Lunigiana. This
province, of which Pontremoli is the most important
town, is situated on the chain of the Apennines, of
which it occupies the two slopes. It is traversed by
the high road which leads from Milan, through Pon-
tremoli. The Lunigiana is, therefore, for Tuscany, a
strategic position of the highest importance, as
Ferrara is for the Pontifical states. It will now be
comprehended why Austria must be desirous that
this province should be in the hands of a Prince de-
voted to its interests either from inclination or
necessity, like the future Sovereign of Parma or the
Austrian Duke of Modena, to whom it is said the
first has already sold his rights over Pontremoli."
The Commerce states that the potato crop has been
gathered in throughout France, and that it is every-
where abundant and of good quality.
The lifoniteur publishes a royal ordinance, autho-
rising the Marseilles and Avignon Railway Company
to borrow 20,000,000 f.

The Three per Cents. closed on the Paris Bourse
on Monday at 77f. ; the New Loan, 76f. 95c.;
the Five per Cents., 116 f. 40e. ; the Orleans Rail-
road Shares, 1,205 f. 75c. ; Rouen, 920 f. ; Havre,
517 f. 50c.; Great Northern, 568 f. 75e. ; Avignon,
473 f. 75e.; Vierzon, 552 f. 50c.; Bordeaux, 490 f.;
Troyes and Montereau, 2601.; Dieppe, 260 f. ; Basle,
162 f. 50c. ; Paris and Strasburg, 420 f. ; Tours and
Nantes, 400 f.; Paris and Lyons, 410 f. ; Lyons
and Avignon, 473 f. 75f. ; Spanish Three per
Cents., 28i.
LYONS, Nov. 13.-Paris and Rouen, 9321. 50e.;
Avignon and Marseilles, 586 f. 25c. ; Vierzon, 562 f.
50c.; Northern, 577 f. 50c. ; Paris and Lyons, 417 f.
50c. ; Orleans, 1,215 f.

BUSINESS DONE IN FOREIGN RAILWAYS AT TILE
LONDON STOCK EXCHANGE, NOVEMUEIL 16.

Boulogne and Amiens,ls—Lyons and Avignon (Consti-
tuted), 31,4—Northern of France, 121,4—Orleans and Bor-
deaux, s%—Paris and Lyons, 64—Paris and Rouen, 354
—Sambre and Meuse, 6:3i,

SPORTING INTELLIGENCE.
BETTING AT MANCHESTER.—TUESDAY.
5 to 1 offered on the 6.vld for the Newport Steeple-
chase, but not a bet laid.
ASIIDOWN PARK COURSING MEETING.
TUUSDAY.
The Derby.
Mr. Bowles's Broadcast beat Mr. Morant's Mariner.
Mr. Goddard's Lancet beat Mr. Gordon's Coxcomb.
Mr. Etwall's Wanota beat Colonel Teulon's Teetotaller.
Mr. W. Etwall's Wykamist beat Mr. Morant's Mounte-
bank.

Oaks.

Mr. W. Etwall's Miss Weller beat Mr. Gordon's Game-

fowl.
Mr. Goddard's Bluebell beat Mr. Etwall's Elizabeth.

The Cup.
Mr. Gordon's Camlet beat Mr. W. Etwall's Etonian.
Mr. Gordon's Element beat Mr. W. Etwall's Whittle.
Mr. Morant's Mischief beat Mr. Drinkald's Envoy.
Mr. Morant's Minstrel beat Mr. Lawrence's Lucy Neal.
Sir H. Fleetwood's Flash beat Mr. Gordon's Glue.
Mr. Gordon's Gretna beat Mr. Bowles's Bunbury.
The Craven Puppy Stakes.
Mr. Goddard's Forward beat Mr. Lawrence's Lisbon.
Colonel Teulou's Duchess beat Mr. Bowles's Broad-
guage.
The Craven All-Aged Stakes.
Mr. Goddard's Bracelet beat Mr. Morant's Murillo.
Mr. Morant's The Moor beat Sir 11. Fleetwood's Feather.

14ONEY and COMMERCIAL :lEW.`I,

CIT Y, Q je Tit:/i 7
The sales of Cotton in the Liverpool Market y4,s,er
day 2,000 bal a. arly, all Anwrican, at 4-Id. !
1-..)!1- lb, The 11:,—,r1c.-?. was heavy, acid thp Zvi
-
advance was lost, owing to the favourable twc,iat,t,:
the crops. The ltaik ay Share Market was quieter,
but firm.

The Foreign Exchanges were somewhat firmer yes-
terday afternoon: ilamburgh was quoted at 13 141-
15, and Paris 25-95. There have, it is said, been some
shipments of bullion made to the Continent this week,
but it cannot be to any largo amount, or more correct
information respecting the fact would have been com-
municated.

There is not a single arrival announced from the
British Colonies to-day.
We have not heard of any additional failures in the
City to-day.
The recent large failure. in the Colonial Market has
ceased to attract that general attention it at first occu-
pied in the public mind. All parties interested arc
looking for the statement of the accounts of the firm.

There have been some large sales of Money Stock,
which, to a certain extent, has unfavourably influenced
the market for Consols. At present the value is 84i -1.,
both for Money and the Account. Early in the
morning the range taken was from 84 to 84. The
value on Exchequer-bills cannot be called higher than
Is. to par. Bank Stock opened very heavily, and is
called only from 1871 to 1881.
In the Foreign Funds there were very few alterations
in the prices. The Dutch Two-and-a-Half per Cente.
are rather more firm at 541, the Four per Cent. Certi-
ficates 84, the Brazilian at 77, and the same price was
paid for the Stock 1829 39. All the other Bonds were
at nominal values only to-day.
The Caledonian Railway Shares have been quoted at
344 to 54; Eastern Counties, at 161; Great Western, 13
to 15 premium; Great Northern, 52 discount; London
and Brighton, 411 to 42; North-Western, 153 5; South
Western, 54 6; and York and North Midland, 74 6.
The Boulogne and Amiens command 141 ex. dividend;
the Northern of France, 2A premium.

osE CLOSING
! RICEtN OF ORITISH FUNDS. O'CLOCK. FIW'ES
Bank Stock lB7 186% 188% 187
3 per Cent. Reduced Anns.. B3 82% 83 82%
3 per Cent. Consols Annuities 841/8% 84 841%
New 314 per Cent. Anns B4l/2 Lig% 811,4
Long Anus. to expire Jan. 1860
Ditto 30 years, Jan. 5, 1860 B% 8-s/4
India Bonds, 1,0001.
Ditto under 1,000/. .. ...... . l5 dis 25 dis
South Seal Stock
Ditto Old Annuities
Consols for Account Bll4l/8% 84 84 4 84 'A
Exchequer Bills. 3d.
1,0001.
5001 ..... ... .. par 1 dis 1 p
Small

par
1p
2p