The Sun.
London, England, 1848-03-08 00:00:00

" ' Art. I. The Government are authorised—

" 1. To adopt, should circumstances require it,
such measures as they may consider necessary for the
preservation of tranquillity and public order ; declar-
ing, in the case referred to, the susper.sion of the in-
dividual guarantees granted by the seventh article of
the constitution of the monarchy, in conformity with
the eight article of the same.
" 2. To collect and expend the contributions in
conformity with the existi•ng estimates, in virtue of
the legislative authorisation of the 11th of the present
month.

"' 3. To raise, in case of necessity, and in the
manner the Government may consider proper, the
sum of 200 millions of reels, to be applied to the ex-
traordinary expenses circumstances may require.
" ' Art. 11. The present authorisation to be con-
tinued from the present to the next meeting of the
Cortes, when the Government will render an account
of the use they shall have made of the said autho
risation.
" ' Madrid, Feb. 27, 1848.' "

This proposal will be strongly opposed by the
Progresistas, and in the event of their not succeed-
in their opposition, they will retire in a body from
the Cortes, and thus the conflict would be transferred
from the Chambers to the nation at large, in which
case the inauguration of the Spanish Republic would
not be longer doubtful, as the Louis Philippists, left
to their own resource s, would be annihilated by
the national Spanish party, formed by the union of
Progresistas and Carlists, who would all accept
a republic. The sitting of the Chamber on the 29th
was so tumultuous in consequence of the concealment
by the Government of the news received from Paris,
that the President was obliged to employ soldiers to
clear the public galleries. All letters have been de-
tained at the post-office since the 15th. Mr. BULWJR
has demanded the immediate delivery of those ad-
dressed to British subjects.
MADRID BOLSA, Mencff I.—The Three per Cents
were done at 25i at 50 days ; the Five per Cents. at
15-, for paper ; and the Debt without Interest, at si.

THE FRENCH REPUBLIC.

PROCEEDINGS AT PARIS.

We have received the Paris papers of yesterday.
The stoppage of payment by the house of GOUIN
and Co. (late LATITTBS) had occasioned some alarm,
and other stoppages were talked of. The effect of
the suspension of payment by GOUIN and Co. will
press hardly upon the small traders and shopkeepers
of Paris, almost all of whom banked there. In order
to obviate as much as possible the evil effects likely
to result from this stoppage, the Provisional Govern-
ment has announced its intention of authorising the
opening of a discount bank, under the guarantee of
the Government, as was done in 1830 with the most
complete success. The members of the Government
are in constant communication with the merchants
and bankers, for the purpose of organizing a system
of administration for the discount bank, which it is
supposed will be opened in a day or two. The bank
of France approves of and supports the project.

The Provisional Government has issued the fol-
lowing official communication on the subject :
" Reports have been circulated about the causes of
the suspension of payments by the house of Gouin.
We say suspension,' for the Caisse of Gouin is not
in discomfiture. It had made investments to the
amount of 34,000,000 f., consequently it was impos-
sible for it to continue its circulation, and meet the
'demands made upon it for reimbursement. The Pro.
visional Government is actively engaged in establish-
ing a discount bank. A meeting of competent men
will be held to-morrow (this day) at the Minister
of Finance's "

M. GouIN has resigned the chairmanship of the
direction of the Paris and Lyons Railway.
The Havre Bank has issued a notice, that from
Tuesday the offices will be open for receipts, dis-
counts, and reimbursements. The discount on all
bills is fixed at 5 per cent. Until further notice the
Bank will only pay 250 f. to each person, but will in-
crease the amount its soon as possible.
Finding that the closing of the Bourse increased
the panic, the Minister of Finances very properly
ordered that it should be re-opened for the dispatch
of business immediately, and accordingly it was re-
opened yesterday.
M. GouncuAux, the ex-Minister of Finance, has
addressed the following letter to the members of the
Provisional Government :

" Gentlemen,—l have to demand from you the
execution of the promise which you made to me, and
which alone determined me to accept, even for a very
short time, the functions which I have filled up to this
clay. The public wish called to these important
functions one of the members of the Provisional
Government whom his special studies pointed out to
the confidence of every one. You are aware that
my repugnance was overcome only by the difficult
circumstances which required the presence of all the
members of the Provisional Government at the Hotel
de Ville. At present, thanks to your energetic
activity, order is re-established, and men must
resume their natural position. My republican senti-
ments are known to you, and you cannot doubt my
very sincere devotedness to my country. If it were
proved to me that my services were indispensable to
you, I should, notwithstanding my want of ability,
continue in the post in which I have been placed for
some days past. That necessity not existing in any
respect, I have to request you to restore me to liberty.
I shall not the less remain at the disposal of the Pro-
visional Government in all that it can demand from
me within the narrow sphere of my faculties."
M. GARNIER PAGES has, as we stated yesterday,
been appointed the new Minister of Finances, M.
ARAGo is appointed Mayor of Paris in the room of
M. GARNIER PAGES and is succeeded by Admiral
BAUDIN as Minister of Marine.

It was reported in Paris that an emeute had oc-
curred at Tours, and that the Orleans Railway sta-
tion had been burned. The fortifications of Lyons
are in the course of destruction. ,

On Monday the Marquis of Iv ORMANBY had an
interview with M. DE LAMAETINE, on the subject of
the collisions which took place at Rouen and Havre
between the French and Englibh workmen, the con-
sequence of which has been that many of the Eng-
lish workmen have been forced to leave their work,
and embark for England, without even receiving the
wages due to them. Lord NORMANUY also com-
plained of the conduct of the inhabitants of Granville,
who had prevented the exportation of French cattle
to England. M. DE LAMAETINH stated that acts of
violence and excesses of this nature were equally in-
jurious to trade, and contrary to the relations of
friendship existing between the two countries, but
that it was only the effect of emotion and want of
reflection in those two places. He added that the
Government would not fail to re-establish between
the labourers and the sailors of the two countries the
liberty, security, and friendship which ought to exist,