The Sun.
London, England, 1848-08-23 00:00:00

SPAIN.

Madrid journals of the 17th have arrived. Their con-
tents are devoid of interest.
MADRID BOLSA, AUG. 17.—Threes, 19H- ; Fives,
loi i ; Exchange on London, 46 paper.

THE FRENCH REPUBLIC.

We have received the Paris papers of yesterday.
The Moniteur publishes the following decree:—
" The President of the Council charged with the executive
government, considering the decree of the National As-
sembly, dated June 24, 1848, and which runs thus—Art. 2.
Paris is in a state of siege. Art. 3. All the executive power
is vested in General Cavaignac. As also the decree of June
28, as follows :
. . . _

_ ,
" The National Assembly confers tho executive power on
General Cavaignac, who will take the title of President of
the Council of Ministers;
"Considering that the journals—the Representant du
Peuple, the Pere Duchene, the Lampion, and the Vraie Re-
publique—by the doctrines which trey profess against the
state, family ties (la famille), and property, by the violent
excitations which they ferment against society, the public
authorities emanatinf, from the sovereignty of the people,
against the army, the National Guards, and even against
private persons, are of a nature, it' tolerated any longer, to re-
vive agitation in the heart of the city, disorder, and war;
"Considering that publications profusely and frequently
gratuitously spread in the streets or the workshops and in the
army are instruments of civil war, and not instruments of
liberty, decrees—
" Art. I. From this day the Representant da Peuple, the
Pere Duchene, the Lampion, and the Vraie Republique are
and shall remain suspended.
" Art. 2. It is forbidden to any editor, printer, or publisher
to edit or publish the said journals, until they shall be duly
authorised so to do.

" In case of contravention of the above decree, the journal
so published shall be immediately seized, the presses put
ander seal, and the parties so offending proceeded against ac-
cording to law.
"Art. 3. The present decree shall be made known to all
editors, printers, and publishers, and the Prefect of Police is
ordered to attend to its execution.
Signed

" CAVAIGNAC, President of the Council.
" SENARD, Minister of Interior.

"Paris, Aug. 21."
In accordance, we presume, with the treaty lately
entered into between the reactionnaires and the Com-
munists, M. EMILE DE GIRARDIN, in the Presse, takes
up the cudgels on behalf of his allies, who have declared
that " property is a theft, and family a prejudice." He
published the Presse yesterday with the following in
place of a leading article:—
" Our friends, who have not yet had time to forget that
the Presse has been already suspended for 42 days, will, we
doubt not, on hearing of the recent suspension of soma other
journals, appreciate our motives for confining ourselves to the
mere narration of facts, without any comment, until the day
shall arrive when we shall be able to exercise our right of
discussion with freedom, without which all moderation
would appear suspicious."
The following letter, purporting to have been ad-
dressed by the Bourbon Pretender of the eldest branch
to one of his partisans in Paris, has been extensively
circulated among the Legitimatists:—
" Mon cher Monsieur,-1 have just read a letter pretended
to have been addressed by me to the President of the National
Assembly, printed and published in Paris at the end of May.
I know also that various other letters have been circulated,
which are calculated to lead to the belief that I have re-
nounced the pleasurable hope of again seeing my dear
country. Not one of those letters came from me. What
is true, nevertheless, is my love for France, my profound
sentiment of her rights, of her interests, and of her wants
in these present times, and my disposition to devote my-
self entirely, and even to sacrifice myself to her, should
Providence deem me worthy of this noble and sacred
mission. Frenchman above all, I have never suf-
fered, I never will suffer, that my name be made use of to
cause division and trouble, but if the hopes of the country
are again deceived, if France, at length wearied of all these
experiments, that keep her suspended perpetually over an
abyss, turns her eyes towards me, aed pronounces of her own
accord my name, as a pledge of? security and safety, as the
true guarantee of the rights and of the liberty of all, let then
this generous and beloved France remember that my hand,
and heart, and life, and all are at her service, and that she
can ever reckon upon me.
" I renew to you, my dear Sir, the assurance of my com-
plete affection,
" HENRI,
"Petit fill d'Henry IV., et de St. Louis.
_ _

" Froksdorf, July 1, 1848."
At the sitting of the Assembly yesterday the President
announced that notice had been given ot an application
on the part of the Government to prosecute a Member.
The Member alluded to is understood to be M. Tuitex.
The Assembly was engaged up to the hour of post in
discussing the Debtors and Creditors Bill.
Those were considerable assemblages of workmen
near the Portes St. Martin and St. Denis on Monday
evening.
The club of the Rue de Poitiers has decided to pre-
sent to the Assembly a resolution to the effect that the
Assembly shall decree that the Committee of Inquiry
has conscientiously and loyally fulfilled its mission, and
that its report shall be referred to the Executive Go.
vernment, to take what steps in it that it may consider
necessary.
The National has the following on the affairs of
Italy :
" The cause of Italy is not lost ; the war of Kings is
finished, that of the people commences. The annexation of
Lombardy, and of Venetia to the Sardinian States, which
has never existed de facto has now ceased de lege with the
power of the Albert intrigwe. At the news of the
disgraceful armistice of Vigevano a new anti com-
pletely independent
.Provisional Government was esta-
blished at Venice, and M. Tommasco has just arrived at
Paris to demand the immediate assistance of France. In
Lombardy the late Committee of Public Safety of Milan
has constituted itself into an insurrectionary junta at
Lugano, and at this time must have established
itself on the Lombardion territory. General Gari-
baldi, who, during ten years, defended Monte Video
with so much bravery, has given in his adhesion to the
junta, and has just gained a striking victory over an Aus-
trian corps on the banks of the Lago Maggiore. After a
combat ou the 15th, which lasted upwards of three hours,
the volunteers of Garibaldi remained masters of the field.
The Italians only lost three men killed and one wounded.
The Croatians lost upwards of thirty on the ground, and fled
in all directions. In consequence ot this affair half the pro-
vince of Como has been retaken from the Austrians, and
great hopes are entertained that in two days more the whole
province will be freed from them. Apina:still keeps in the
mountains."
Lours Authentigue.—P Ams' Au.. 22.—French Five per
Cents., 71f. 75c., 72f., 71f. 75c., 72f. 25c., 72f., 72f. 25c.
New oan, 71f. 75c. 50c.; Three per Cents., 44f. 44f. 23c.,
43f. 75c., 44f. 44f. 25c., 44f. ; Treasury Bonds 234 f.; Plink
of France, 1,620 f. ; Neapolitan, 73f., 73f. 50c. 23e., 73f. ;
Roman, 64f., 634 f. ; Belgian Five per Cents., 1840, 7W.;
Ditto, 1842, 78i if., 79f.; Ditto Four-and-a-Half per Cents.,
71Af.; Obligations of the City, 1,090 f., 1,095 f. ; Spanish
Three per Cents., 23. Exchange on London, one month,
money, 25f. 35c. ; three months, money, 25f. 25c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE

LONDON STOCK-EXCHANGE, AUG. 22.
Boulogne and Amiens, 6—Namur and Liege, 414—
Northern of France, 53/I—Orleans and Bourdeaux, 13/4—
Paris and Lyons, 4%.

GERMANY

AND

THE NORTHERN STATES.

AUSTRIA.

In the sitting of the Austrian Diet, on the 16th inst.,
M. VON PILLERSDORFr presented the following report
from the Finance Committee
The first care of the
.Committee was to ascertain the
sum indispensable fer., the ,service of the year. There ap-
pearsto be a deAcitstt.U. and, 20 millions., The Committee
hope, however, that the whole of this may not be needed, in-
asmuch assuccess has attended the military operations, and
the hostile powers,and the reclaimed provinces may be ex-
pected to contribute to the war expenditure. The Minister
of Finance proposes to cover the deficit by employing the
credit of the State, and the Committee acquiesce, though re-
luctantly, in the proposal, as the shortness of time admits of
no other measure, but are anxious that no additional debts
should be incurred. The Committee disapproves of the
proposal to bring the credit of the - _National Bank
into play. It consents to an issue of Exchequer
bills, but is opposed to making them legal tender,
or compelling the Bank to receive them. The Coin.:
mittee has no objection to a loan on State debentures, but
objects to hypothecating the lands of the Church or
State for their payment ; for the guarantee of the representa-
tives of the people ought to be sufficient, and such security
would be unjust to the already existing Creditors of the
State. The Committee urgently requests the immediate re-
vocation of the prohibition of the exportation of silver as
hurtful, and an act of hostility to Germany with which
Austria is so intimately allied. The Committee proposes the
immediate opening of a loan of twenty millions, either on
Exchequer-bills or as a simple loan. But the former are
not to be declared legal, or the Bank to be required to
receive them ; and no security is to be given for the latter on
the lands of the Church or State. Lenders may be encou-
raged, however, by offering a higher rate of interest. in
conclusion, the Committee express the wish that Ministers
will exert themselves to conclude a peace as soon as pos-
sible ; will make in the meantime the reclaimed provinces
the
ell forwardprohibition
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vrlrevokelaln appoint;
Finance."

In the same sitting a Ministerial explanation (which
was considered satisfactory) was given as to the inten-
tion of the Government in calling together several of the
provincial Diets. It had been suspected that, acting
on the old METTERNICH policy, the Government had
convened these local Diets for the purpose of playing
them off against the General Diet assembled in Vienna.
In reply to certain questions which were put to him
on this subject, the Minister DomLoFF stated that the
provincial Diets which have assembled since the 15th
of March are those of Moravia, Silesia, Upper Austria,
Tyrol, Steirmark, Carinthia, and Drain. The object of
their convention is to dispatch purely local business.
Another motive that had prompted the assembling of
these local Diets was the prospect of obtaining important
information respecting the state of their provinces as
matter for the deliberations of the Constituent Diet.
They had been convened by Ministerial circulars, which
were authorised by the constitution. Tho votes of these
Diets would not have the power of laws until sanctioned
by the Constituent Diet. Ministers would to this end
submit them to
.the people's representatives as soon as
received.

theierllr:iaiticoeoLesr,n
ryapaparteßaaknocwe
ineaf
hasth hceheoaleoraffiewiiatlhlyinatahaeoAanuesetdrihayn
consequence of the heavy rains, storms, and partial
rain spouts which inundated the country during the
nights of the Ist and 2d July, the greater part of the
circle of Villach, in the Government of Laybach, in Aus-
trian•lllyria—natnely, in Tarvis, Korteschach, Spital,
Griefenberg, and Upper Villach, has been devastated
and destroyed to a most fearful extent, and hundreds of
families have been brought to beggary and the utmost
distress. The damage sustained cannot be less than
several thousand guilders.
A public subscription has been opened in Vienna by
.E.the sufferers from
this
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sai
tuatthi
oonr i ti
ofe sPRi no
vaiDi dEtioct