The Sun.
London, England, 1856-11-18 00:00:00

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The Revue de Par is publishes the folio, ouri-"
ous correspondence, extracts from whir*, 'have
already appeared in our columns. The first is a
letter addressed to the present King of .Naplia
Louis Philippe shortly after the *volution:of July,
which occurred three months before the, accession
of King Ferdinand 11. The second document is
the reply of the King of Naples.
Louis Philippe writes as follows :
"It is, perhaps, Providence which once mere smiles
upon the family of St. Louis that has called louillta•
jesty to the throne of Naples at a titne.when the storm
of revolution has been let loose over Europe. The
broken health of his Majesty Francis could not have
withstood the repeated shucks which succeed each othkr,
and the end of which God only knows ; but I haiejloUg
heard your Majesty praised for energy and foresight, and
I do not doubt that you will happily weather the storm,
for your Majesty is under the necessity of resisting at the
same time the dangerous insinuations from without which
might urge you to an anti-national policy fatal to your
interests and to the interests of the people you
govern, and the internal pressure which blind pas.
sions might exercise upon the free action of your
Government. I am acquainted with all the insinua-
tions and severe counsels with which your Majesty is
beset to compromise you into a blind line of policy, but
gthYt°nuorti‘troajbeestlyed astray.
period of transition, when often a little
will display sufficient
ed so that all may not be lost, and it
to learn that your Majesty has
e
l
pression and of severity which
given
firmnesswoulds oravaaerenls
sudmnyirqfseneout rreati eeshmshaai
joy
f c m
caused many days of intense agony to your late august
lather, and which often banished the smile from the lips
of the enlightened King Ferdinand I. Let your Majesty
imitate the system in France ; you will be a gainer iu
every respect ; for by sacrificing a little authority you
will insure peace to your kingdom and stability to your
house. The symptoms of agitation are so strongly pro•
nounced and numerous in Italy that an outbreak may be
expected sooner or later, accordingly as the stern mea-
sures of Prince Metternich may hasten or postpone it.
Your Majesty will be drawn into the current if you are
not prepared to stem the tide, and your house will be
burst into either by the revolutionary stream or by the
measures of repression the Vienna Cabinet may think Et
to adopt.
" Your Majesty may save everything by anticipating
voluntarily and with prudence the wishes and wants of
your people ; for, if the revolution breaks out in Italy,
Austria will try to act as absolute mistress, and I shall
be compelled to take steps I should wish to avoid at any
price ; and in this I am sure England, if she does not
anticipate me, will not leave me alone, for neither of us
can allow Austria to extend her influence over the Italian
peninsula. I trust my dear brother, cousin, and dear
nephew, that you will think over the wishes I have the
happiness to express to your Majesty, and that you will
trust to my experience.

II s

" LOUIS PHILIPPE."
To the above letter the King of Naples sent the
following reply :
"To imitate France, if ever France can be a principle,
I should have to precipitate myself into that policy of
Jacobins for which my people has proved feloniously guilty
more than once against the house of its Kings. Liberty
is fatal to the House of Bourbon ; and, as regards my-
:'elf, am resolved to avoid, at ail price, the fate of:
Louis X I. and of Charles X. My people obey force
and bend their necks, but woe's me should they ever
raise them under the impulse of those dreams which
sound so fine in the sermons of philosephers, and which
are impossible in practice. With God's blessing I will
give prosperity to my people, and a government as
honest as they have a right to ; but I will be King alone,
and always.
"My people do not want to think ; I take upon my-
self the care of their welfare and dignity. I have in-
herited many old grudges, many mad desires, arising
from all the faults and weaknesses of the past ; I must
set this to rights, and T can only do so by drawing closer
to Austria without subjecting myself to her will. We
are not of this century. The Bourbons are ancient, and
if they were to try and shape themselves according to
the pattern of the new dynasties they would he ridicu-
lous. We will imitate the Hapsburgs. If fortune plays
us false, we shall at least be true to ourselves.
" Nevertheless, your Majesty may rely upon my lively
sympathy and my warmest wishes that you may succeed
in mastering that ungovernable people who make France
the curse of Europe.

"FERDINAND."

FINANCIAL MATTERS.

(Front the Derbyshire Courier.)
Another week has passed without any apparent
mitigation of the embarrassment in which tha
monetary affairs of Europe are involved.
Our own last bank return was sufficiently um*.
tisfactory ; for it exhibited an amount of bullion
(9.)59G,327) little more than a million above that held
in the panic of 1847. The reserve of notes also in
the banking department, from which the require-
ments of commerce are supplied, is smaller than
it has been since the disastrous year of 1847.
Under these circumstances, with the foreign ex-
changes atill against us,
as might he, expootocl, the
funds and all securities have declined. The bank,
however, well aware of the excitement and difficulty
which a further rise iu the rate of discount would
occasion, is evidently extremely unwilling to resort
to such a step. The hopes of the commercial part
of the nation are now fixed on a certain vessel, the
James Baines, which sailed from Melbourne some
100 days since, and is reported to have about
700,0001. of gold on board. If the James Baines
arrives in time, the merchants of England will be
enabled to convert the bills representing many
valuable cargoes into certain bits of paper which
are a legal currency, and the loss of millions of
money to some, and the ruin of others, will be pre-
vented—and if not, not.
The pressure at Paris, meanwhile, is much more
severe, notwithstanditg the efforts which have
been made by the French Bank to improve its
position. We must beg leave again to impress on
the financiers of France the importance of rectify-
ing the weight of their silver coins.
The ordinary price of silver before the gold die-
coveries of California and Australia was 4s. lld.
au ounce. By the Times of Tuesday last we per-
ceive that " the bar silver brought by the last West
Indian packet has been sold to-day (Monday last)
at ss. 2d. an ounce, being an advance of id. ou
the price realised for the amount brought by the
preceding steamer." It will of course be of little
avail to France to buy up silver bars at an advanced
price, and coin them into money, from which a
profit may be realised by melting it down or ex-
of the case
porting it. Yet such is at this moment the state

Our silver coin is a mere token. We coin an
ounce of silver into ss. 61.—which at the present
cprice
ma
giees about
America
iscoa 7 per ni a
1853
s 085 la reducedkcee itt below et
nlwhoeea itsy market
weight
a
similar
of
her value.
silver
value.
France persists in coining silver as before the gold
discoveries, when it was worth only 4s. 11d. an
ounce. This is an evident mistake. All attempts
to keep silver in France will fail while so excellent
a profit may be obtained by its exportation.
Suppose a French mechanic to have begun to
hoard silver at the commencement of this panic.
His silver coin can any day obtain for him more
than its nominal value in gold, and by the depres-
sion of the prices of all commodities, through the
effects of the monetary crisis, he will get 20, 30, or
more per cent. for the hoarded silver than he would
have done when he laid it by. It is evidently well
worth any man's while to hoard silver in France.
We sincerely hope that the French financiers
cashmay byeaywmiseentisn time. Lot thorn also remember the
it:oattahlelyofdle7trio,yand the state of the Bank of Franco
in 1848. They were them told that a suspension of
relieve the Ir)uellindeadzaasnudireliririnagiree:d,derirtele.cnoaavi(icvelasrrellit'derdiatpilsaeffiyrenombameiainncttiksahrlewupoeprstitislus-n6d,
and the national credit preserved.
and a security
would give an impulse to commerce,
the Emperor and the Government, would not people,
obnl
Representativeut
te ini m e dia
t Paper
ino
nAeltoanreyy tolluelrti3s,e, d
di@i
and solidity to the monetary
system of France,
_
which can be obtained by no other means whatever.

REPRESENTATION OP FINSBURY.—It appears from a
statistical paper recently drawn up for the Administra-
tive Reform Association, that last session there were 188
divisions in the House of Commons' from 169 of which
Me. Ald. Challis was absent, while Mr. Duncombe was
absent from 177. On 15S occasions they were both ab-
sent. By their votes the constituency was fully repre-
sented S times, half represented 30 times, and neutralised
160 times. At the last electicei tba numbers stood as
follow : —Alderman Challis, 7,404 ; Mr. T. Duncombe
6,673 • Mr. J. W ylde (formerly M.P. for Bodmin),'
2,610.
All the candidates were Liberals.
FATAU ACCIDENT ON THE MERSEY AND Loss
ge forth e• B
river, o
LlFE.—tiverpool, Saturday.—An accident, attended
unhappily by the loss of life, occurred to the steam
Iron King, under the following circumstances t4lB
Tract to i ilbeurrYs t,
steamer was engaged in towing the ship Dora, -, :—Thip
which caused
bay, from the Albert Dock to her anchorage
naccident
uobcicnugrroefd theto herboi l
and the en-
gine-room at once, of course, became
awhpeonrtaiou
causing the instantaneous death of filled with steam,
named Jas. Pearson, and severely one of the firemen,
named Hewett, residing scalding another man
near
gineer, James Foulkes, who Rockferry, and the en.
lives at Birkenhead. The
latter were at once landed and
Hospital, where their wou d conveyed to the Northern
n s were immediately dressed,
and found not to be of a
very serious nature. The body
of the unfortunate mal was conveyed to the dead-house
to await the result of
the coroner's inquest. The de-
ceased was a native of Manchester, but for the last few
years has resided at Runcorn. He has left a widow and
family to lament •
his unexpected death. Four persons
out of seven b
on board the boat 'including the master)
escaped without any injcry. As 'possible
soon as after
the •
accident the Iron Ling WAS towed to Birkenhead,
where she will be examined, and the damage, which is
not yet ascertained, but appears to be trifling, will be
rcp4irod.