The Sun.
London, England, 1848-10-27 00:00:00

THE SUN, LONDON,

change has taken place. To that change we are
proud to think that w© have ourselves in some
degree contributed, by exposing the machinations of
the " Bears" and proving that the general depreciation
was ascribable to their operatio;,s, and not to any
real deterioration in the value of railway property,
which had realised such large profits in a season of
general distress and stagnation, and thereby afforded
the strongest proof of the soundness and stability of
the principal companies. The able and well- timed
letter of Mr. HUDSON, to which we alluded yester-

day, must also have had a very considerable effect in
restoring confidence, indeed, the improvement was
perceptible from the very moment of its publication,
and Midland shares were particularly in request
during the day, as well as the Eastern Counties, and

other lines with which the Hon. Gentleman is con-
nected, and of whose favourable position he gave so
cheering an assurance. The promised explanation
of the London and North Western Company also had
considerable efficacy.; although it has not yet madelits
appearance, and the details are not as yet known, it
is believed that it will completely demolish the
plausible statements that have been put forward, and
show a state of affairs more favourable than its most
sanguine friends could have hoped for. Its shares,
accordingly, went up no less than from 5 to 7 per
cent, and will, probably, rule at a much
higher figure after the publication. Great Westerns
also participated in the general amelioration, aad wcre
much sought for, while little stock is to be obtained
for actual transfer—this fact proving most unequivo-
cally that the recent falls are nut in any great de-
gree owing to shareholders being anxious to dispose
of their property, but rather to those who sold stock
without having a single share in their possession.

THE FRENCH REPUBLIC.

We have received the Paris papers of yesterday.
The Moniteur contains a decree signed by the
chief of the Executive Government, accepting the
resignation of M. Gown's Aux, and appointing M.
TROUVE CHAUVEL, Minister of Finances, in his place.
In the National Assembly on Wednesday the in-
terpellations addressed by M. GRANDIN to the Mini-
ster of the Interior, on the subject of the Socialist
banquets, produced the good effect of eliciting from
M. Dusesuite the most satisfactory assurances not
only with regard to the intentions of the Govern-
ment, but also with regard to the state of the public
mind. He at once admitted the right of the public
to meet at those banquets as long as they were inno-
cent manifestations, but he also maintained the rights
placed by law in the hands of the Government to
suppress any which might become dangerous to
public tranquillity. He added that he entertained no
apprehensions from banquets such as those
which bad been 'recently held in the Fau-
bourg du Roule, and at other places in
the neighbourhood of Paris. With respect to the
number present at the last social and democratic
banquet, he declared that those who stated that there
were 2,000 present, flattered themselves ; in point of
fact, there were onlyl,loo, although 6,000 invitations
had been sent out, and the tickets were at last sold at
half price at the door. Besides this, it had been
ascertained that it was always the same set of persons
who attended the banquets and made a business of
them. In these circumstances the public would soon
discover of how very little importance such meetings
were, and at all events the Government was prepared,
in case of their becoming dangerous, to do its duty.
The Hon. Minister then alluded to a paragraph which
had recently appeared in some of the Paris papers,
signed by M. NAPOLEON BONAPARTE (the son of
JEROME), stating that persons well informed had
stated to M. Louis NAPOLEON BONAPARTE that an
attempt at an outbreak in Paris was preparing in his
name, and that M. Louis NAPOLEON BONAPARTE
had considered it necessary to inform the Minister of
the Interior of the subject, declaring, at the same
time, that he knew nothing of such an attempt him-
self, and that he repudiated that and all other mea-
sures which might disturb the public peace. M.
DUPAURE, in the most sarcastic manner imagin-
able, expressed his regret that M. Louis BONAPARTE
had not thought proper to publish his (M. Du-
Fauna's) answer to this communication which was
" That those who had told him so were ill-informed,
fur that there was not the slightest intention on the
part of any one in the metropolis to get up an eaaeute
in his name."
Hereupon M. NAPOLEON BONAPARTE ascended
:he tribune to justify his cousin's proceedings, and
was replied to by M. CLEMENT THOMAS, who in an
intemperate speech attacked the whole of the
Bonaparte family, and accused Prince Louis NATO-
LEON of aiming at the imperial dignity under pre-
tence of being candidate for the Presidency of the
Republic, and of having sent emissaries into the
country to excite the ignorant peasantry to favour
his pretensions. A violent scene of mutual recrimi.•
nations between the Bonapartes and Al. CLEMENT
Thomas followed, which was only put an end to by
the Assembly passing to the order of the day.
General LAMORICIERE introduced a Bill on Wed-
nesday, authorising the transportation to Algeria of
those of the insurgents of June who had been con-
demned to deportation.
It is said that the inhabitants of the colony of
Senegal have elected M. EMILE DE GIRARDIN as their
representative to the National Assembly.
The Club of the Rue de Poitiers have determined,
on the motion of Count MOLE, to support a proposition
for the postponement of the election of President of
the Republic until the month of January.
The Ministers of the Interior and of Justice have
addressed a circular on the subject of the democratic
banquets, to the Prefects and Procureurs-Generaux.
The banquets are not to be prevented, but no public
functionary can attend them. The public must be
admitted, and a commissary of police be present to
take notes, which are to be reported to the local au-
thorities.
Lord BROUGHAM has arrived in Paris.
The clubs of the Palais National and of the In-
stitute have agreed to join the club of the Rue de
Poitiers in supporting a proposition for the postpone-
ment of the election of President until the organic
laws with respect to the responsibility of Ministers,
with respect to elections, and with respect to the
appointment and functions of judges, shall have passed.
The club of the Palais National has, however, re-
solved to support an amendment of which M. LANG-
LET has given notice, and the object of which is, that
a Provisional President should be nominated, who
should retain the office till the dissolution of the
Constituent Assembly.
It is intended to propose the 24th February as the
day for the election of President of the Republic.
At the sitting of the Assembly yesterday Prince
Louis NAPOLEON ascended the tribune, and read
from
a paper a reply to the accusations brought
against him in the previous sitting by Al. CLEMENT
Thomas. He at once admitted that he was a candi •
date for the office of President of the Republic. He
declared that it was his right to be so, and he would
not renounce that right, whatever provocations were
addressed to him. This declaration was listened to
by the Assembly
.with chilling silence. The die.
c nes:
ei onomnbe r
at
sh e
thep d
r eiay ec tfoorf
the decree,
election
of the Presideni fixing the 10th o
D
of the Republic was then commenced.

M. PAGNBRRE opposed the decree.
Count Mot.' then rose, and declared that, in his
opinion, the interests and the safety of the country
required that the election should be postponed until
after the
passing of the organic laws.—(Ho was
speaking when the post left).

PARIS BOURSE—TEMA/3111AT, OCT. 25.
THREZ O'CLOCIE.—Tbe Bourse opened to-day con-
siderably above yesterday's closing prices, and the Rentes
continued to advance till twoo'clock, when the news

was brought of the intention of the Assembly to rtjt.ct
the decree fixing the election for the 10th of December,
and they after that wive way rapidly. A great quan-
tity of Five per Cents. Rentes was discounted, for the
purpose of supporting the Rentes. The news from Italy
continues fa►ourable to the cause of peace, and this pre-
vented a fall. Ultimately both Rentes and shares closed
rather above yesterday's prices. For the Account, the
French Three per Cents. have advanced 20c., tho Five
per Cents. have advanced 10c., and the Loan remains

the same as yesterday. For Money, the French Three
per Cents. have advanced 15c., the Five per Cents.
have risen 15c., and the Loan 10c. ; Bons du Tr6aor not
quoted ; Bank of France Shares have fallen 5f.; Belgian
Bank Shares are at 665 ; Five per Cents. have risen -f3,
per cent. ; Spanish Active, not quoted; Three per Cents.
are at 22i ; Passive, not quoted ; Roman and Roths-
child's Receipts are the same as yesterday. Exchange
on London (30 days), 25f. 45c.; ditto (90 days), 25,..
271 c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, Ocr. 26.
Boulogne and Amiens, s%—Namur and Liege, 33/4
Northern, of France, 6%l—Sambre and Meuse, 2