The Sun.
London, England, 1859-02-09 00:00:00

FRANCE.

PARIS, TUESDAY.
The Count de Morny, in his speech to the Legis-
lative Body to-day, said—" Let us have confidence
when the Emperor tells us, 'resume with calmness
those works of peace which I hope will not be in-
terrupted. I shall remain firm in the path of right,
justice, and national honour ;' and when recalling
those celebrated words—' The Empire is peace,' he
adds that peace cannot be disturbed except for the
defence of great national interests—religion, philo-
sophy, and civilisation. Credit and labour have
made of peace the great bond of modern society.
The blood of the people is no longer shed
lightly. War is the last resource of right mis-
understood, or of honour offended. The great
mass of difficulties is smoothed down by diplomacy,
or solved by pacific arbitration. Publicity and the
rapidity of international communication have
created a new European Power, of which all
Governments are compelled to take account. This
Power is Opinion. It may for a moment be unde-
cided or mistaken ; but it alcifays takes its place
ultimately on the side of justice, right, and huma-
nity. Let us hope that, under existing circum-
stances, the generous ideas, the loyal and disinte-
restedintentions, of the Emperor will make their
way in the world, and that in accordance as they
are with the sympathies of nations, and sustained
by the influence of sovereigns, they will succeed in
solving peaceably all the questions of difficulty that
present themselves."
The Emperor's speech is commented on by several
of the Paris journals, but the Constitutionnel, Debuts,
Pugs, and others have abstained from favouring the
public with their views on this important docu-
ment. Our contemporaries, at their discretion,
overlook the fact that the first maxim of successful
journalism is to strike while the iron is hot ; to7day
their opinions would have been consulted with
respect ; to-morro v their most elaborate arguments
will be received with comparative indifference.
Moreover, by their silence they allow the warlike
hints of the Presse and Sieele to exercise unopposed
influence over the public mind. We commence our
extracts with the Patrie ;
" This speech, in which is interpreted, in splendid lan-
guage, the logic and power of a great country, responds to
everything that was awaited from the sovereign of France.
It will inspire regret in those who may have questioned
the moderation of the Emperor. It will give confidence to
those who believed in his wisdom. Finally it will create a
feeling of justifiable pride in all those who are fired by
national honour. . . . The speech will certainly attain
the double aim proposed by the Sovereign of France—it will
at once strengthen and calm public opinion. The country
will give its unanimous approval to this wise and generous
policy. Europe will learn once more that the Emperor
sincerely :desires peace—but a peace which corresponds to
the interest of his honour, to the legitimate grandeur of his
influence, and to the cause of civilisation over the entire
world."

The Courrier de Paris observes :
" Our readers will recognise in the Imperial language a
fresh proof of the wisdom and patriotic spirit which for ten
years have constituted the glory of the Imperial Govern-
ment."

The Siecle describes the points which particu-
larly excited the applause of the senators and

deputies ; these were—the remark " that the inte-
rest of France exists wherever there is a just and
civilising cause to be carried out," the allusions to

the Piedmontese alliance, and the paragraph on
Italy. The observation that France and Russia
had" been in accord on all points in discussion"
excited, according to our contemporary, a marked
sensation .in the Assembly. We ci*ct the con-
cluding remarks of this journal :
" The skill with which the speech was drawn up, and
the happiness of its arrangement and language, were gene-
rally remarked. The deputies, in applauding in the most
intelligble manner the above passages, have protested
Against those who circulated the report that they had ar-
rived from the departments with ultra-pacific views."
The Presse has the following article :
" This speech will create a great sensation in Franco and
in Europe. The Emperor, without departing from the re-
serve dictated by the serious nature of circumstances and
by his high position, was able to depict in a rapid manner
the characteristics of the relations maintained by France
with foreign Powers—the accord with England, the cordi •
ality of the Russian relations, the community of interests
between France and Piedmont, and the numerous scissions
with Austria."

The Debats maintains that Turkey has no right
to interfere in Wallachia on account of the double
election of Colonel Couza ; that the consent of the
Powers who signed the Treaty of Paris must first
be obtained ; that Turkey may complain, but can-
not annul that election by her sole will. Poor
Tinley !

The secret of the animosity borne by "lawyers
and journalists" towards the Papal court is thus
explained by the Ilitivers

"No good places exist there. Tho Pope ,is the most
economical of Sovereigns. The priests placed at the head

of the various branches of the administration are satisfied

with poor salaries, and do not move heaven and earth for

promotion."

The same journal advances this tremendous argu-
ment against the politicians who propose a reor-
ganisation of the Roman States.

"The Roman States are not the property of Pius IX. ;
they aro the property of St. Peter. The Pope has a life
interest in them. . . . There is no possibility of a con
federation in Italy, and the Pope has not the faintest desire
to bo nominated to the nominal rank of head of the Italian
Confederation."

BOURSE, Feb. B.—The market has been more

settled to-day, and Rente has been in fair demand
Threes, after having been done at 68f. 15c., improved
to 68f. 50c. Mobilier varied from 777 f. 50c. to
795 f. ; Austrian, 550 f. to 555 f. ; Orleans, 1,3161.
to 1,322 f. 50c. ; Northern, 922 f. 50c. to 927 f. 50°.
Lyons; 827 f. 50c. to 835 f. ; Southern, 515 f. t°
517 f. 50c. Considerable sales were made towards
the close, when the following were the qu°ta-
tTons :-
41 per Cents. .. 96 AO
Do. end month 96 591
3 per Cents 6B 1Q
Do. end month 6B 10,1
Bank Shares )42900
Credit Mobilier
Do. Account . 775

Credit Foncier 650 --
Belgian 41 - -'
Piedmonteso (5)
Roman .—
Austrian
Spanish Threes
Home Debt 39

RAILWAYS.

Cash. Accoullt.
Orleans
Northern 1932155 1932106

New ditto BO5 800
Lyons and Mediterranean 832 50 .. 830
New ditto
"
Geneva 537 50 533 75
Midi
Southern
Western
Eastern
Grand Central
. .
Sardinian 405
553 7`'
Austrian
..
Exchange on London, at sight, paper, 25f. 121 c. ; money'
25f. 10e.; three months, paper, 251.; money, 25f. 971 e•