The Sun.
London, England, 1848-08-04 00:00:00

THE SUN, LONDONITO P 1 DAY _EVENING, AUGUST 4, 18413.

bardian contingent for its defence. As that part of the
country is very mountainous, it may very well be de-
fended by well-commanded volunteers, if they have only
to do with detached corps of Austrians, but not if Mar-
shal Radetaky advances on it en masse. A sort of panic
has shown itself at Milan; barricades are being raised in
the faubourgs, and advanced works constructed in the
neighbouring villages... We do not think that the danger
is so imminent as to require all these precautions. Un-
less Charles Albert is led by the political acts of the
Lombardians to give up their cause, he may defend the
line of the Adda for a long time, and it is even doubtful
whether the Austrians would endeavour to make an ad-
vance on Milan by attacking the flank of the Piedmon-
tese army. We think rather that their attacks will be
confined to front and to accessory operations, such as
the sending several divisions, who, after having passed
the Po at Bongofate, may sweep the Duchy of Modena,
that of Parma, and threaten the right wing of the Pied-
montese.

"The Sardinian army left in Savoy have received
orders to join the main body of the army by forced
marches. These troops constitute the whole reserve of
Charles Albert, who behind them bas nothing more to
calculate on than—France. It is for this reason he
solicits our assistance, and it is positively said that the
Government has received orders to make a demonstra-
tion in the Adriatic. In a military point of view such a
measure appears to us both tardy and insufficient; as a
political act has all its bearing been duly weighed? It
is said that M. Ricci, the Sardinian Minister, had an
interview with the French Minister of Foreign Affairs
last evening in order to demand the co-operation of
France.

" The new Sardinian Ministry does not appear to have
met with the sympathies of the Piedmontese nation. On
the 29th the people of Turin, excited by the imminence
of the danger, went in a crowd to the Chamber, demand.
ing the dissolution of the Assembly and the concentra-
tion of all the power in the bands of the King. The
doors were closed, and the National Guard protected the
Assembly. Several of the Members harangued the
people from the windows; and at length Gioberti pre-
sented himself, announcing that he had been charged to
form a new Ministry; that he was about to submit his
programme
to the Chamber, and if it was accepted he
would remain in office, and if not he would immediately
retire.: The crowd felt confidence in him and dispersed.
"It is confidently stated that an express has arrived
from Turin with the intelligence that the dictatorship of
the King has been proclaimed. M. Mazzini has enrolled
himself as a volunteer at Milan."
The Italian Envoys had yesterday interviews with
General CAVAIGNAC and M. BASTIDE, who intimated
to them that the French Government was by no
means disposed to interfere by armed force in the
affairs of Italy except in the case of absolute neces-
sity, but that they hoped to induce England to join
with France in offering the joint mediation of the
two countries between Austria and CHARLES ALBERT.
In the sitting of the National Assembly, yesterday,
the report of the Committee appointed to investigate
the origin of the attack of the 15th of May, and of
the insurrection of June, was presented. The read-
ing of it Was not concluded when the post left. MM.
LEDRU BOLLIN, LOUIS BLANC, and CAUSSIDIERE,
were present, and it seemed to be the general opinion
that the Assembly would order them to be taken into
custody.

- BOURSE PARIS, THURSDAY, AUG. 3.
THREE O'CLOCK.—There was a considerable reaction
in the prices of Rentes to-day, in consequence of a report
that M. Bastide had refused to interfere in the affairs of
Italy without the consent and the concurrence of England.
For the Account, the Three per Cents. and the Five per
Cents have risen If. • Loan not quoted. For Money the
Three per Cents. hare' risen 50e.; Five per Cents. have
risen to the same amount ; Bons du Tager are at 23
discount. Bank of France Shares have risen 26f. ;
Belgian Five per Cents. sire the same as yesterday ;
Spanish Funds are not quoted ; Roman has Callen 1 per
cent. ; Rothschild's Receipts 1-. live risen a per cent.
Exchange on London (30 days), 25 32;} ; ditto (90 days)
25 25. Railway Shares have not participated in the
rise, with the exception of Orleans, which have risen
if. 50e., and Rouens, which have risen sf. The Vierzons
and Marseilles have declined Si. each. The others are
nearly the same as yesterday.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCIIANGE, AUG. 3.
Boulogne and Amiens, 6% - Italian and Austrian, 5/A
Lux ein bourg, A—Namur and Liege, 4%—Northern of
France, 5%,