The Sun.
London, England, 1851-07-17 00:00:00

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
They all comment on the speech of M. COQUEREL
on the subject of the revision in the sitting of the
Assembly of the preceding day. In the course of
his speech, M. COW:JEBEL highly eulogized LOUIS
PHILIPPE and his family, and whilst protesting an
ardent attachment to the Republic, more than insinu-
ated that he was no very determined opponent of the
re-election of LOUIS NAPOLEON.

The speech of M. MICBEL (de Bourges), the leader
of the most advanced section of the Mcuntain, is also

commented on, and even the re-actionary journals
are com plied to acknowledge that M. MICHEL treated
the subject with great ability, great eloquence, and
great moderation. We give the conclusion of Tues-
day's proceedings. M. DE FaLLOux had interrupted
M. MICHEL (who was protesting against a Russian
alliance) by asking whether the Emperor NAPOLEON
never threw his eyes on the side of the Cossacks;

M. MICHEL (de Bourges) would reply that he had
one day thrown his eyes on the Cossacks of the Don,

and the flames of Moscow attested how he had re-

garded them. At Saint Helena the man was still re-
splendent in that ocean which formed bis prison. But
where was the god, the hero, the saviour who com-

manded armies— and secured victory ? He said to
himself :—" 1. can do no more ;" and he then thought

of the Republic, and exclaimed :—" Yes, Republican I
or Cossack."—(Loud approbation on the Left.) He
saw appear the barbarism of the north, and he sought
a remedy for those who had been his subjects and
who were then his equals ; and he said, " The Re-
public alone can save them."—(Renewed applause on
the Left.) The Hon. Gentleman here complained
of being fatigued, and proposed that the discussion
should be adjourned.
This was agreed to and the Assembly rose.
In the sitting of the Assembly, yesterday, M.
MICHEL resumed his speech, and at the conclusion
thus explained what he meant by the Republic :
" kle did not want an ancient republic, which was or-
ganized brigandage, and the struggle for ili-get wealth
among robbers. The ancient republics, which were
vaunted in the schools, did not acknowledge the claims
of labour, the origin of capital, and extorted it by
slavery. The republic desired by him and his friends
was that of the United States, the unity minus the
slavery. Their capital and labour gave one another the
hand, and all were called directly or indirectly to make
the law. Capitalists would lose perhaps by the Repub-
lic, but revolutions would no longer be possible. Lyons
had been fifteen months under state of siege. He liked
the soldier, but he liked him better out of the country.
—(Laughter.) lie would not have him employed to
set up a dictator. He had been reminded that he bad
❑ot spoken of the abolition of the punishment of death.
He would only say that monarchies kill because they
are in a false position, but republics can pardon because
they are the truth itself.—(Loud cheers on the Left.)"
He was followed by P.I. BEERTER, Rho declared
that he should look upon the re• election of Louis
NAPOLEON as the greatest mhfortune which
could befall France next to the triumph of Socialism,
and called upon all the friends of order to rally round
and maintain the Constitution, unless its revision
should be voted by a legal majority. The debate bad
not concluded when the post left.
The llfoniteur publishes the following decree, dated
the 15th, from the PRESIDENT of the Republic, and
countersigned by the Minister of War :
General Magnan, commander of the 4th military
division (Strasburgh), is appointed Commander-in-Chief
of the army of Paris, in place of General Barraguay
d'Hilliers, whose resignation is accepted. The attri-
butions of the command of the territorial division re-
main entire in the hands of General Carrelet, who com-
mands at the same time the first division of the army of
Paris." _ _

General MAGNAN, who is one of the most ardent of
the partizans of Louis NAPOLEON, and whose ap-
pointment has given great offence to all the old
officers and to the Members of the Assembly, has re-
signed his seat as representative of Parts, conse-
quently a new election must take place, the result of
which will be looked forward to with interest ;

and as one member only is to be returned the election
will enable us to calculate with tolerable accuracy
the comparative strength of the respective parties in
the capital.
The Moniteur publishes a return of the receipts
from the indirect taxes for the first six months of

1851, as compared with those of the corresponding
period of 1849 and 1850. The produce of the indi-
rect taxes amounts to 363,660,0001., having been for
the first half-year of 1850, 350,467,000 f., and of 1849
334,436 000 f. The augmentation in favour of 1851
over 1850 is consequently upwards of 29i millions,
and over 1849 13 millions. The items showing
most increase are the registration dues and the stamps
duties, in consequence of changes effected by the Bill
passed on May 18, 1850. The duty on home made
sugar has given 4,233,0001. more in 1851
than in 1850 ; whilst the duty on colonial
sugar has fallen off 4,112,0001. The duty
on potable liquors shows an increase of 1,874,000
francs, that on salt 935,0001., and the post-
office department 1,298,0001. ; tobacco sales,
2,846,000 f. ; import duties at the customs, 723,0001. ;
and the export duties, 491,000 f. The produce of the
sale of gunpowder shows a diminution of 426,000 f.,
owing to the difficulties thrown in the way of the
sale by the Administration, in consequence of poli-
tical considerations. The collection of the direct
taxes has been unusually favourable, the svm received
up to the 30th of June having been 175,925,000 f.,
which gives 43 per cent. of the whole sum to be re-
ceived for the year, and is nearly five millions more
than was due up to that period.
The Committee on the Budget was occupied yes-
terday with the important question of ways and
means applicable to the expenses of the extraordinary
public works, a question reserved to the end of its
deliberations. After having heard the Minister of
Finance, the Committee, in concert with him, pro-
poses the creation of rentes on the State for a sum
equal in amount to that set down in the budget of
expenses for the execution of extraordinary works,
Ne
namely,
upwards of 50 millions.
V read in the Bulletin de Paris—" It has been
said that M. THIERS intended to speak in the debate
on the question of the revision of the Constitution.
This statement is erroneous. M. THIERS has de-
clared that he will not speak on this occasion."
The Moniteur du Soir says—" Workmen have
commenced preparations in the principal apartments
of the Hotel de Ville for a fete which is to be offered
ityto the members of the Royal Commission of
Exhibition of London. M. BERGER , Prefect of
bythe thec
the Seine, is to leave this week for Englaind, in order
to make the invitations. It is hoped that Prince
ALBERT, President of the Commission, the LORD
MAYOR, and several of the Ministers will attend the
fete."
The Council of State has expressed a decided opi-
nion that LEDRU RoLLIN, being under is judicial con-
demnation, would be ineligible for the P residency, but
that the Prince Joievikee, although comprised in the
decree of banishment against his fanaily, might le-
gally be elected.
The Nemenchas, an Arab tribe in the province of
Constantine, have broken out into open rebellion.
The Bourse was more animated than is usually is at
this season of the year. The Ftve per Cents. opened
at 941. 750., and fell to 94r. 60c., but rose subsequently
to 951. 5c., at which price they closed for the end of
the month.; the Three per Cents. cl osed at 57f.;
Orleans Railroad Shares, 845 t.• Rouen. 647 f. 50e.,
Havre, 248 f, 75c.; Avignon, 207 f. 50c.; Vierzon, 4111.
Bite, 1511. 25c.; Bordeaux, 396 f. 25c.• Paris and
Strasburg, 372 f. 50c.; Tours and Nantes,. 275 f.; Amiens
to Boulogne, 275 f.
BUBIe4ESS ouei h IN FOREIGN RAIL% tiAYB AT TEE
LONDON STOCK EXCHANGE, Jut 16.

Boulogne and Amiens, 11—Central of France (Orleans
and Vierzon), 18—Great Indian Peninsula, 4 ex in.—North-
ern of France, 15%—Orleans and Bordeau:K, 4% ex in.

SPAIN.

Madrid journals of the I Ith have arrived.
The Ministry have been beaten on the motion
of Senor PoLo, for electoral reform, which was
carried by 67 to 45.
Colonel ZUECEII, a Swiss officer, who served in
Italy and in Hungary, and who was at the battle of
Nevana with CUARLES ALBERT, has been arrested
at Madrid.

MADRID BOLSA, JULY 11.- T' he funds con-
tinue to decline. The Three per Cents. fell 1
per cent. yesterday. Large sales by a foreign
house, and the sinister reports to wb ich the military
precautions have given rise, are assigned as the cause.
They opened to-day at 361 and closed at i; and
since the close are reperted at jto 9.16 ;
Five per Cents., with Current Coup ons, 171 to ;
Coupons, 81; Passive Debt, 7 3-1.6 to t. Ex-
change on London, 50 90.