The Sun.
London, England, 1848-03-23 00:00:00

SAXO NY.

New and more serious riots took place at Dresden
on the 15th of March. The troops refused to fire on
the people. The civic guard cleared the streets. Ener-
getic measures have been taken to prevent the return
of the disorders. It was stated at Liepsic that a
new Ministry had been formed, composed of M.
BRAUN, Minister of Justice and of Religion ; Von
DER PFORDTEN, Minister of Interior and Foreign
Affairs ; GREGORY, of Finances ; Count of HoL-
ZENDORFF, of War. Some of these nominations
are provisional. This Ministry announced that no
extraordinary Diet is to be convoked on the 20th of
March, and that they agreed with the KING about
the following points :4—The soldiers are to swear on
the Saxon constitution ; abolition for ever of the cen-
sorship ; a law establishing the liberty of the press,
with abolition of privileges and bails ; introduction of
trial by jury, and reformation of the system of law-
suits on the basis of publicity and orality of the de-
bates; right of association; equality of public creeds;
energetic co-operation for obtaining a popular repre-
sentation near the Germanic Diet.

On the reception of the Viennese events at Leipsic,
the town waz spontaneously illuminated, and an ad-
dress of sympathy was sent to Vienna. It was said
also that the troops concentrated around Leipsic were
to be called back.

HE FRENCH REPUBLIC.

PROCEEDINGS. AT PARIS.

We have received the Paris papers of yesterday.

The National publishes a long article, which may
be taken to be official, urging the Provisional Govern-
ment to hasten forward the elections for the National
Assembly without delay, and showing that any post-
ponement will only give time to the intriguers who
have merely " accepted" the Republic as a "fait
accompli" to ripen their plans for retrogradation.
There is every probability, therefore, that the elec-
tions will not be further postponed.
We mentioned yesterday that a deputation of
Savoyards had presented an address to the Provi-
sional Government ; that address contained the follow-
ing remarkable passage :
" Separated by the treaties of 1815, Savoy calmly and
patiently resigned itself to its fate. But every year
numerous emigrants sought in France the material, in-
tellectual, and moral resources they could not find in
their own country. The fraternal reception they have
always met with, the benevolent protection which has
been constantly accorded to.them, must needs have in-
spired them with the sentiment that France had remained
a second country to them.
" The geographical position of Savoy, which makes
it a natural frontier of France, the language of its in-
habitants, their character, their manners, and their na-
tionility, which they have taken care to preserve intact
and distinct from the other parts of the Sardinian Go-
vernment, all conspire to bring to the remembrance of
the immense majority of the people of Savoy, that
formerly their country formed the departments of Mont-
Blanc and of Leman."
M. LAMARTINE in reply said,
- -

" In receiving your adhesion to the Republic, the
Provisional Government believes it is receiving the
homage of a part of the French nation. With respect
to the adhesion that you express to the French nation,
you comprehend your own sentiments. If we repel it,
we should chill our own affections; if we accept it, we
break peace and alliance with the people and Govern-
ments of Europe. Therefore we have said it—and we
wish the words of the Republic to be words of truth—
we will not break the peace of the world. But if, in•
dependent of us, the peace of the world should be
broken by an attempt upon the independence of Italy,
we will fly to your assistance, we would deliver Italy
and join our flag with yours; and if afterwards the map
of Europe should be torn against our will, he convinced,
citizens of Savoy, that a fragment of this map would re-
main in your hands and in ours, and that we would
place the weight of your hearts in the scales in which
the territories of the new European equilibrium would
be weighed."

The National has the following pungent remarks
on the manner in which the English aristocratical and
Orleanist journals have noticed the French Revo-
lution :

" The aristocracy of England is out of humour. What
is passing here astonishes and alarms it. Let the mise-
ries of the working classes be relieved ; but to imagine
them fraught with understanding, to call upon them to
deliberate upon their interests, to acknowledge them to
possess political rights—is what was never before heard of
—it is monstrous? What I within one month, no more, we
see in France, seven leagues from Old England, a work-
man seated in the National Assembly by the side of a
gentleman I This is a complete overthrow of all pre-
conceived ideas 1 It is the abomination of desolation.
What, good God, will happen, if, by chance, the work-
man proves that he is imbued with ideas and information
fuller of practical knowledge than those of the gentle-
man ! What an example for John Bull The English
aristocracy, therefore, feels itself threatened. It has
become disturbed and indignant I Its wounded pride
affects its head, and fear disturbs its brain. This is
all simple enough, and we are not surprised at the ma-
levolence with which some of its journals treat the
events the consequences of which they are well aware
of. All that passes here they turn into burlesque—they
pervert words into false meanings—theydenaturalise
acts—they calumniate persons."

The Constitutionnel publishes the following strange
paragraph :—" Private letters from Copenhagen, of
the date of the 14th of March, state that as a Russian
fleet was expected to pass.the Sound, in order to go
into the Mediterraneuon to render assistance by force
of arms to the King of NAPLES, the Danes are
actively employed in drawing pieces of artillery from
the arsenal and mounting them, intending to dispute
the passage with the Russians. An English fleet was
expected hourly at Elsinore, a fortified port situated
at the narrowest part of the Oresond, where it is
probably arrived by this time, with the same object
in view, viz., to prevent the passage of the Russian
fleet."

The financial crisis still continues, and several fresh
failures mere announced yesterday.
Letters have been received in Paris from Gallicia
which state that a general insurrection of the whole
of Austrian Poland was imminent.

Intelligence has been received from Algeria to the
15th. The colony was perfectly tranquil.

It was rumoured en the Bourse yesterday that the
Governmmt had determined to take possession of all
the railways, and to make an equitable arrangement
with the si,tleilk.olkiel A deputation, eui,sistit, 01
the directors of several railways, and, among others,
of the Paris and Lyons, had yesterday an interview

with the Minister of Fiat nees on the subject. The
report is that the Government will take all the lines
out of the hands of the shareholders at par, and pay
for them in Five per Cenl':. stock at par.
The Moniteur publishes. the following report from
the Minister of Financ es on the position of the
country :
REPORT OF THE M INISTER OF FINANCES
TO THE PROVISIONAL GOVERNMENT.
" Paris, March 21.
" Citizens—Your first decrees have provided for the
wants of the Treasury; but this is but one part of the
immense task which weif :hs on the Government of the
Republic. An industrial crisis exists, which will soon
destroy the manufacturer s and labourers, if we do not
apply a prompt remedy. This crisis is evident under
t,vo aspects—the quantity of bills which lie useless in the
sate of the merchant, the quantity of goods lying un-
saleable in the wareroomv. By the fall of the principal
bankers, the merchants :and traders found themselves'
suddenly deprived of the .taeans to procure the capital
which was necessary for t heir operations, whilst at the
same time the diminution of consumption left on hand
quantities of unsaleable goc, ds.
" Attentive to this double necessity, you have, on my
proposition, decreed the estair,lishmeut of discount banks
in Paris and all the great cent res of agricultural, manu-
facturing, and commercial tax tivity. The credit of the
State, joined in a powerful asst ciation with that of indi-
viduals, has already rendered as rvicea, and will be called
on in future to exercise a still more fruitful influence.
You must now do for goods that which you have
already done for bills. They w ant a vent : you must
open it for them. A great numb er of houses of high
character, and on which the existence of thousands of
labourers depend, have fallen, or are on the point of
falling, although their position was really excellent, In
a few days, if we do not take care, circumstances may
be aggravated. The commercial values created by
former transactions are exhausted, and the exchanges
having diminished, they will restore themselves very
slowly. In this state of things, think the best way to
remedy the evil is to anticipate consumption in the cir-
culation. I think it is necessary to restore life to valves
which are now stagnant; and I have therefore the honour
to submit to your consideration. !the following propose
tion:—With the view to enable the manufacturers to
dispose of their merchandises ft er money, there shall be
established at Paris and in the et vartments general ware-
houses, where the manufacturer; and traders shall come
to deposit the raw materials, the goods, and manufactured
articles of which they may bo the proprietors. In
exchange for their deposits, they shall receive acknow-
ledgments extracted from a register with blocks. This
receipt, indicating the saleable value of the article,
properly valued, shall vouch the property, and will be
transferable by endorsement. The bearers of receipts
of the central warehouses will be allowed to deposit them
as guarantees at the discount banks. Marked with the
stamp of the Republic, and representing a solid, tangible,
and easily realisable value, these receipts will be
regarded as equivalent to a second endorsement. I have
no doubt that this endorsement will be favourably
received by all the great banks, and that the acceptors of
bills so solidly guaranteed will, by the sole means of
discount banks, attain great resources of capital, con-
vinced that this vitality given to articles of value now
paralysed will powerfully contribute to reanimate
industry, commerce, and consequently labour, and have
the honour, citizens, to present you rho following de-
cree:—

" Art. 1. There shall be established in Paris and in
the other cities whore a want may be felt, general ware-
houses, where merchants and traders may deposit the
raw materials, goods, and manufactured articles of which
they are proprietors.
" 2. These warehouses may, in case of necessity, be
established by the Commissioners of the Government on
the demand of the Chambers of Commerce or.the Muni•
cipal Councils.
"3. There shall be delivered to depositors receipts
marked, first, with the stamp of the Republic; second,
with the stamp of warehouses where they have been
deposited.
These receipts, extracted from registers, with bloaks,
transferring the property deposited, will be transferable
by endorsement.
" They shall be liable to a duty not exceeding one
franc ten centimes.

" 4. The warehouses shall be placed under the guar'
dianship of the State.

" 5. Al! provisions of former laws which may bo in
opposition to this decree, are suspended.
" 6. The Minister of Finance, the Minister of the In-
terior, the Mayor of. Paris, the Minister of Commerce,
are charged with the execution of this decree."

The National Discount Bank commenced its ope-
rations on Monday. On Monday the amount dis-
counted was nearly a million of francs, and yesterday
1,200,000 francs.
The Moniteur publishes a decree, appointing Ge-
neral CAVAIGNAC, the present Governor-General of
Algeria, to be Minister of War. General CHANGAN•
MEN is to be Governor-General of Algeria, but the
official appointment has not yet taken place.
The following paragraph appears in the Ilfonileur:--

" The explanation given by Lord Normanby as to the
reception given in London to the members of the
family fallen from the throne, were not given, as has
been said, in a dispatch from Lord Palmerston, but in a
conversation between Lord Normanby and the Minister
of Foreign Affairs of the Republic. Lord Normanby
in that conversation made use, textually, of the terms
used by the English Minister in the House of Com-
mons."