The Sun.
London, England, 1851-03-17 00:00:00

SUN,

effectually beneficial. Unhappily, while looking to
the advantage e the countr aL large, the PILESIDENT
fell into a terrible indifference as to the proportion
maintained between his income and his expenditure.
Insomuch was this negligence on his part productive
of embarrassment, that before long he found himself
compelled to apply to the Legislative Assembly for
an increase to his dotation. Doubtful as to the con-
sequences that might issue from a refusal of this de-
mand, the Assembly consented to acquiesce for the
time being in its reasonableness. In consequence
of which impunity for past extravagances, Louis
NAPOLEON appears to have become impressed with a
rather dangerous, because most erroneous notion, that
he could count henceforth upon the willing grant of
additional millions of francs to himself by the gene-
rosity of the Republican Legislature. The results of
this calamitous miscalculation of the PRESIDENT are
by this time pretty generally notorious throughout
the length and breadth of Christendom. Louis
NAPOLEON has fallen more and more into arrear
with his creditors. The Legislative Assmbly has
at length peremptorily objected to tolerate any such

lavish disbursements as would be necessary for the
liquidation of his liabilities. The two con-
flicting powers of the Republic have thus
been brought prematurely into a state of
open antagonism. An extra-Parliamentary Go—
vernment, that is to say, a Cabinet composed
of men selected elsewhere than among the ranks of
the national representatives, has been the daring
retaliation determined upon by the discomfited PRE-
SIDENT. Until now this Ministry of Transition has

worked with unexpected success, and an interval has
been afforded thereby to the belligerents for their
preparation of further hostility. Meanwhile, the
Prince Louis NAPOLEON has very judiciously, for
his own individual interests, contrived to keep alive
the popular enthusiasm in regard to all imperial

recollections ; and this, moreover, without any

thing at all approaching to treason against the
Republican Constitution. Aware, of course, that
he owes his position exclusively to the imperishable
glory of the fame of his uncle the EMPEROR, he has,
with a rational regard to the maintenance of his dy-

nastic influence with the multitude, endeavoured to
propitiate their ardour in reference to their sou-
venirs of NAPOLEON. To this end, and with a lau-
dable resolve to expiate a prolonged and unjustifiable
ingratitude, be appointed the only surviving brother
of his Majesty the EMPEROR and KING to the Gover-
norship of the Invalides—of that refuge for the veteran

soldiers of France under the consecrated dome o:

which repose the remains of the great Hero. Added to
this, he has shown an anxiety upon all occasions to recal
vividly to the remembrance of the French population
the glorious achievements recorded in the history of
the imperial domination. It was thus that the Moni-
teur only the other morning announced to France the
elevation of General EXCELMANS to the rank of a
Marshal of the Republic—that brilliant officer who
first evidenced his heroism on the field of Wertingen,
and who obtained from the hand of NAPOLEON him-
self the recognition of his meritorious conduct in the
presence of his fellow-soldiers at Donaulwottben. In
acting thus sagaciously, it would be absurd for the
most fanatical among the Republicans to cast blame
upon the PRESlDENT—conscious, as they must be,
that in every one of his public acts he has proved
himself faithful to Democracy, and that, couple with
this fact, is the consideration that he owes his investi-
ture as chief magistrate to the influence of dynastic
associations.

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday
and of yesterday.
The review which was to have taken place on Wed-
nesday, but:which was put off on account of the wetness
of the weather, was held on Friday. The troops assem-
bled at two o'clock in the Cours-la-Reine, in the
Champs-Elysees. They consisted of three regiments
of infantry, which are about to leave Paris—the 24th,
the 39th, and the 62d—of two battalions of gend-
armerie mobile, of the 9th Dragoons, of ten battalions
of foot Chasseurs, and of the 27th and 58th Regi-
ments—in all about 15,000 men. The PRESIDENT
of the Republic left the Palace of the Elysee at
three o'clock ; he wore the uniform of a general of
the National' Guard. On his right were General
ItasinoN, Minister of War, and General BARAGUAY
D'Himants, Commander-in-Chief of the army of
Paris; and on his left General NARTAEZ. The
latter was in full uniform, and wore the Grand
Cordon of the Legion of Honour. Behind the
PRESIDENT were the generals in command of the
divisions and brigades of the army of Paris, the
PRESIDENT'S orderly-officers, and two superior
English officers, who were specially invited by the
Prince. The cortege was preceded and followed by
small bodies of lancers, and followed by a squadron
of guides. The PRESIDENT first proceeded along the
line of troops at full gallop. He then inspected the
several regiments ; and, this having concluded, the
drums beat, and the PRESIDENT distributed a number
of crosses of the Legion of Honour. Some ma-
noeuvres then took place, and the troops after-
wards filed off before the PRESIDENT. General
NAILVAEZ, who stood near, expressed the greatest
admiration at the admirable appearance of the
troops. With the exception of the 62l regiment,
the troops uttered no cry ; that regiment shouted
"Vive le Prdaident ! Vive NapoMon!" This was
specially remarked, as it was said some time ago
that the regiment had been kept at Paris on account
of having uttered unconstitutional cries at the review
of Satory. There was a large attendance of specta-
tors. Some cries of " Vive la RiTublique !" were
uttered, but they were drowned by others of " Vive
le President ! Vive Napoleon !" The whole pro-
ceedings bad terminated about four o'clock.
At the sitting of the Assembly on Friday, M. DE.
MOUSSEAUX DE Gsvnia ascended the tribune, and
complained that the article of the regulations which
forbade any petition to be brought up by the peti-
tioners personally to the bar of the House had been
violated the day before, by the fact of a number of
students coming in procession to the doors of the
Assembly; the term "bar of the House" was not to
be taken in its literal sense, for, in fact, no bar ex-
isted in the present Assembly ; but it was to be looked
at solely with respect to the principle which it involved.
M. LEON FAUCHER, who occupied the President's
chair, replied that the petition had been presented
with perfect regularity by M. VERSIGNY ; how the
petition had been transmitted to that gentleman did
not concern the Assembly, as long as the presenta-
tion of the document was in accordance with the re-
gulations; if an unusual concourse of students, or of
other persons, had presented themselves outside the
House, that circumstance concerned the Minister of
the Interior, who ought not to have permitted the
assemblage to take place.
At the close of the sitting M. DEMOUSSEAUX DE
GIVES laid a proposition on the table to prevent the
recurrence of a similar incident.
A new mode of settling the reimbursement of the
45c. tax was on Friday presented to the Assembly,
under the form of an amendment to the proposition
of M. BERRYER. The authors of this amendment,
MM. REY (de la DrOme) and St. ROMME, members
of the Mountain, propose that a tax of eighty-eight
millions shall be levied in the years 1852 and 1853
on all capital consisting of state stocks, mortgagees,
&c., &c., out of which sum the Minister of Finances
will reimburse the 45c. tax. The Committee, after
deliberating on the order in which the different pro.
positions on this subject shall be brought before the
Assembly, has decided on placing first on the list
those of MM. COLFAVRU, C. LAGRANGE, and Du-
coux, for the restitution of the milliard paid to the
emigrants ; after which will follow in succession
those of M. BERRYER, bl. CHAVOIX, and MM. REY
and ST. ROMME.

" It is asserted,"! says the Opinion Publique," that
M. BERRYER intends to withdraw his proposition
relative to the 45c. tax, or at least, to materially mo-
dify the manner of effecting the reimbursement."
In the Legislative AsseMbly on Saturday, the Bill
for the postponement of the election of the officers of
the National Guard was carried by a majority of
413 to 239, after an animated discussion,:in the course
of which M. De LAMARTINE eloquently defended the
cnnduct of the Provisional Government, and of the
National Guard in March, April, and May, 1848.
The Courrier Francais announces that its publica-
tion is suspended for the present.
General CASTELLANE, commander-in-chief of the
sth and 6th military divisions, has prohibited the
wearing of red rosettes' or any rallying signs in the
6th division (that of Lyons.)
The Ordre says :—" The Belgian Ambassador, M.
FIRMIN ROGER, gave a diplomatic dinner yesterday,
;it which nearly all the Foreign Ministers now in
Paris were present. M. DS PERBIGNY was among
the guests. A secretary of embassy having en_
nounced the arrival of dispatches from Vienna, con-
taining the intelligence that Austria and Prussia had
arranged their difference-5, one of the guests, who,
fi ein his position, ought to have received the earliest
intelligence on the subject, appeared greatly sur-
prised at learning this important news in such a
manner."
The Funds have undergone little change. Five
per Cents., for account, 94f. 20c.; Three per Cents.,
57f. 85c,

LONDON, MONDAY EVENING,

Bt_TSINESS DON E IN FOIEIGN RAILWAYM A f THE
.T..ONDON STOOK YXCHANGE, MAP.CII 15.
Boulogne and Amiens, 10% --- Central of France (Orleans
and Vierzon), 18—Dutch Rhenish, 4r//,—East Indian, l 5
Great Indian Peninsula, 234—Luxembourg, 31/s—Namur
and Liege, B—Northern of France, 151/2—Orleans and Bor-
deaux, 4143 Paris and Orleans, 36,4—Paris and Strasbourg,
IVA—Rouen and Have, 11%—Sambre and Meuse, 4%—
Tours and Nantes, 5% —West Flanders, 2%.

SPAIN.
Madrid journals of the 10th and 11th have arrived.
The Committee on the Debt has passed the first
clause of the Government proposition.
MADRID BOLSA, Mascx. 11.—The Three per
Cents. closed at 34-a paper; the Five per Cents., 15i.
Coupons, 84 ; Debi. without Interest, 5 11-16.

Tiv 22A J 4 .±ll,

INDIA AND CHINA.

:BY ELECTRIC TELEGRAPH FROM TRIESTE.)

We have received by electric telegraph, via Trieste,
advices from Bombay to the 17th of February, Cal-
cutta to the Bth of February, and Hong-Kong to the
29th of January.

The Hindostan, with the Indian mail, arrived at
Suez on the 4th of March, with about 70 passengers.
The Bombay journals announce the unconditional
surrender of the fort Dharoor, in the Nizam's domi-
nions, on the 4th of February, and give a report that
a portion of the Prince's territory has been made over
to the Government of the East India Company as an
equivalent for the debt of 60,0001. due to it.
In the Punjaub 450 miles of canals were under
construction. Lord Dalhousie is occupied with edu-
cation in the Punjaub, in which he is ably seconded
by the inhabitants.

The sum of 10,0001. starling has been stolen out of
:he coffers of the Oriental Bank.

The Governor-General was in Rawul-Pindee on
the 31st of January, en route to Peshawur. The
Commander-in-Chief was at Agra on the Bth of Feb-
ruary. The Governors and Commanders-in-Chief of
Bombay and Madras were at their respective resi-
dences.

The Calcutta papers announce the arrival of the
three Sheikh Sirdars, on their way to Singapore ;
the proposed erection of houses of refuge on the
Saugor Island for shipwrecked mariners; the sen-
tence of death upon the murderer Very ; and the
arrival of the Oriental steamer on the Ist of February,
with the English mails of the 24th of December.
The China papers confirm the intelligence of the
death of Commissioner Lin. Keying had fallen into
disgrace at the Chinese Court, for showing a predi-
lection to Europeans. Fears were entertained of a
new Chinese insurrection in the disturbed provinces.
The health of the troops at Hong-Kong had im-
proved. A smuggling company of great extent had
been discovered at Shanghae.

The _North China Herald announces the discovery
of an interesting race of Jews in the interior of the
country, 350 miles from Pekin, by some missionaries
of the London Society.

Commercial affairs had improved at Bombay. The
import market was brisk, but there was no increase in
prices. The high prices of cotton apparently made
Purchasers hold back. There was no change in other
articles. The money market was somewhat improved.
Freights from Bombay to Liverpool and London
were sought for at from 2/. 2s. 6d. to 2/. ss. with an
upward tendency.

Exchange on London at six months' sight, 23 to
21 per rupee. Money was scarce at Calcutta, but
prospects were better. The Bengal Bank still dis-
counted at 11 per cent. Indigo somewhat better;
prices of opium falling. Freights improved, espe-
cially for sugar, for which, to London, they were at
the rate of 31. 17s. 6d. per ton. Exchange, six months'
sight, 2i to 2i per rupee.

Commercial affairs in China were looking up gene-
rally. The transactions were limited.
When the Austrian boat sailed, the Ripon, from
England, had not arrived at Alexandria to take the
passenger 3.