The Sun.
London, England, 1848-07-25 00:00:00

THE SUN, LONDON, TUESDAY EVENING, JITLY 25, 1848

members of other judicial bodies. The Gene-
ral was attired in plain clothes, with no other
decoration than the Cross of Commander of the
L9gion of Honour. The officers of
_the National
Guard filed off before the General according to their
respective legions, the colonels of the legions taking
the lead. The Bth, 9th, and 12th Legions, having
been broken up, were not represented. The model
of a portable barricade was exhibited to the officers.
It is destined to protect the assailants of barricades
from the shots of insurgents, and has a loophole to
fire through, which can be closed when the discharge
has been made. The model is in iron, and ball-proof.
On presenting themselves to General CAVAIGNAC, the
chiefs of the different judicial bodies expressed to him,
in the name of the magistracy, the gratitude they
felt for the services which he has rendered to the
country by his courage and energy, and assured him
that he will find support in the magistrates in the
accomplishment of his high mission. In reply,
General CAVAIGNAC said that the ,country felt confi-
dent that they would aid the powers of the State to
construct the basis of Republican institutions.
The 11Assager of Sunday evening says
" We are assured that the Prussian Government has
offered to accredit a Minister Plenipotentiary at Paris,
but on condition that the French Government shall ap-
point as successor to M. Emmanuel Arago, at Berlin, a
representative who shall manifest less sympathy for the
German Propagandists, and more anxiety to cultivate
friendly relations with the Prussian Government."

The following is the decree of the Assembly au-
thorising the new loan :
" Art. 1. The engagements contracted by the sub-
scribers to the last loan of 250,000,000 francs not having
been acquitted in respect of the last instalments due,
that loan is declared null and void, so far as regards
the instalments not paid up, and the rentes not delivered.
"Art. 2. A credit of 13,131,500 francs rentes Five
per Cents., the interest running from the 22d of March,
1848, which shall be negotiated at the price of --,
shall be opened in the Ministry of Finance.
" Art. 3. The price of the rentes negotiated, as pro-
vided; in the preceding article, shall be paid at the fol-
lowing periods :—On the 7th August, 1848, 171 per
cent.; 20th September, 10 ; 20th October, 71 ; 20th
November, 71; 20th December, 71; 20th January,
1849, 71; 20th February, 71; 20th March, 10; 20th
April, 71; 20th May, 71; 20th June, 5; and 20th July
5 per cent.

" Art. 4. On the payment of each of those instalments,
with the exception of the first, which is to be considered
as a deposit to guarantee the payment of the remainder,
the subscribers shall receive a coupon of rentes, repre-
senting, at the price of the negotiation, the amount paid.
The coupon. belonging to the first instalment of 17} per
cent. shall only be delivered after the payment of the
first instalment.
" Art. 5. The certificates of the two first instalments
of the loan of 1847 for 250 millions, forming the deposit
or guarantee of 7f. 521 centimes per 3f. rente, shall, un-
til the 17th of August next, be deemed acceptable for the
same amount of 7f. 52i centimes, or sf. rente in the pay-
ment of the first instalment of the new loan. The sur-
plus shall be paid in specie. After the expiration of that
delay the certificates of the former loan shall be consi-
dered as null and void.

" Art. 6. A sinking fund of one one-hundredth of the
nominal capital of the rentcs issued in virtue of the pre-
sent decree shall be included in the attributions of the
sinking fund administration.
" Art 7. The measures to be adopted for the execu-
tion of the present decree, particularly as respects the
holders of certificates of the new loan who shall not have
effected the payment of the instalments ss they become
due, shall be devised by the Minister of Finance."
It is said that thecontract for the loan will be taken
by Messrs. HOTZINGUER and ROTHSCHILD.
The Committee on the decree presented to the Na
tional Assembly, by the Minister of the Interior, for
increasing .the Garde Mobile to 26 battalions of 800
men eadi,' andsfor raising three squadrons of cavalry,
has resolved that the effective of that force be fixed at
26 battalions of 650 men each, and that no cavalry be
raised. The battalion of Gardes Marines is to form
the 25th battalion. The 26th battalion formed at
Rouen is to be amalgamated with the other battalions.
The Committee recommends that the men who were
to form the nucleus of the cavalry, and who distin-
guished themselves fighting against the barricades in
the late insurrection, be draughted into the line. The
resolution of the Committee, if adopted, will effect a
saving of 3,100,000 f. (124,0001.)
The Constitutionnel says that the report of a treaty
having been concluded between the Government and
the directors of the Northern Railroad Company, for
the purchase of that road, is at least premature. The
only treaty pending between the parties is the settle-
ment of the,accounts between them.

the; sitting of the National Assembly yesterday
an annual pension of 3,000 f. was voted to the widow
of M. DORNES.

M. SARRUT having announced that the Committee
on the Ajaccio election had decided that M. Louis
Ir APOLEON BONAPARTE was duly elected, the Presi-
dent (M. MARRAST) communicated the following
letter to the Assembly :

" London, July 8, 1848.
•
"Monsieur le President,--I have just learned that the
electors of Corsica have elected me their representative
at the National Assembly, notwithstanding the re-
signation iwhich I had already sent in to your Ere-
decessor.

" I am profoundly grateful for this testimony of con-
fidence, but the reasons which forced me to refuse
the plAce of Representative of the Seine and the Cha-
rente Inferure still subsist; they impose on me another
sacrifice.

Without renouncing the honour of being one day
representative of the people, I think I ought to wait to
return to my country, that my presence in France can-
not in any manner serve as a pretext to the enemies of
thelt6ptiblic. I trust that my disinterestedness will
proie the sincerity of my patriotism. I wish, then, that
those who accuse me of ambition may be convinced of
their error.

"I have the honour, Monsieur le President, again to
express a hope that I may at some future time partici-
pate in the labours of the Assembly, and to say how
sincerely I desire the happiness of the Republic.
" LOUIS NAPOLEON BONAPARTE."
--(Loud cries of " Tres bien, tra lien," followed the
reading of this letter.)
The Assembly fixed the price of the loan at 75f. 25c.

In the course of the sitting, the President of the
Council announced that the negotiations with the
Lyons Railway Company were concluded.
. _

General OUDINOT leaves Paris this day for Gre-
noble, to resume the command of the army of the
Alps.

BOURSE—PARIS, MONDAY, JULY 24.
THREE o'CLocK.—The new loan, so far from depress-
ing the market, has had the effect of steadying it. To-
day prices were firm throughout, and closed with a
decided improvement on those of Saturday. For the
Account the Three per Cents. have risen 1 per cent., and
the Five per Cents. have risen 25c. For Money the
Three per Cents, have risen 75c., and the Five per Cents.
25c.. Bons du TiCor are at 16 per cent. discount, after
having been at 17. Bank of France Shares have risen
10f. Belgian Bank Shares not quoted; Five per Cents.
have fallen per cent. Spanish Funds, which had not
been quoted for a long time previously, were in demand,
but at very low prices. Roman have risen per cent.;
Rothschild's Receipts are the same as on Saturday.
Railway Shares for the Account, settling of 21st July,
remain as on Saturday. For Money, the Orleans has
risen Bf. 25c.; Northerns, 2f. 50c.; Havres have fallen
50c.•' Marseilles, If. 25c. ; Basle, lf. 25c.; Nantes,
If. 2h.;-Strastnirgs, 1f.25c.; Rouens and Lyons remeisi
as on Saturday.
BUSINESS
ON
DD 00
NN Es
TI NO
STOCK
-REELGHNA RN AGIEL,
T.JALYYS24A. T THE
LPaNrisortahnedrn of France,Lyons,4_Rouesa—aOurdle.aHnasvraen, d 8
iiiilß.ozsdaeamubxr,ela2
and
Meuse, 21/2.