The Sun.
London, England, 1866-07-26 00:00:00

FRANCE.

Difficulties have arisen in the peace negotiations.
Austria makes the restoration of the King of Saxony
a sine qua non. This Prussia refuses.
A letter from Ferrara of the 21st, in the Siecle,
says :—" Prince Napoleon arrived at Ferrara at the
very moment the King was preparing to cross the
Po and remove head-quarters to Rovigo. The
Prince's arrival has caused a great sensation in
Italy. On the eve of that event every one was for
war ; men's minds had been over-excited by the
warlike proclamation of the Archduke Albert,
taking leave of his soldiers of the army of the south,
but hinting at his return. The news was also known,
of the triumph of Garibaldi, who had seized the
fort of Ampola. But hardly had the Prince ar-
rived than the rumour of the armistice commenced
at once to circulate, and, I ought to say, was re-
ceived without much repugnance. If the con-
ditions of peace were unfa vourable for Italy,' said
to me a deputy of the Left, 'it is evident that
Prince Napoleon would not have accepted the task
of inducing the King to agree to it. Finally we do
not wish War for its own sake, and provided
that the honour and the interests of Italy are safe-
guarded, we ought not to refuse the propositions
made to us.' You know what Italy wishes and de-
mands? Besides Venetia, she claims possession of
the Southern Tyrol, Istria, and Trieste. The Tyrol
is, in effect, the gate of Italy on the German side ;
it is by that door that for centuries the German
armies have tkrecipita-ted themselves on that penin-
stla. For Italy to be really mistress at home, that
she may have nothing to fear from the ambition of
her neighbour, she must have the key of the Tyrol,
inhabited besides by a population Italian in their
customs, language, and sentiments. There is every
reason to believe that her demand on this point
will be supported by France and Prussia, but I
think also that the questions of Istria and Trieste
will not be so favourably resolved. France would
make no objection ; she would ask nothing
better even than that Trieste should become an
Italian port. But I have been told that Prussia
does not show herself at all favourable to the
pretensions of Italy on Istria and Trieste. Prussia
commanding the land and sea forces of the Confe-
deration, and aspiring to become a maritime Power,
does not wish Germany to be completely excluded
from the Adriatic. Entire Germany draws too many
advantages from the possession of Trieste, in a com-
mercial point of view, for Prussia to accede to the
abandonment of that port to Italy. Besides, Italy
attaches more importance to the Tyro], and I be-
lieve that if she has demanded Istria in addition,
that was because she thinks it advisable to ask the
more even if she obtains the less."
A communication from Storo, in the Tyrol, nar-
rates a striking incident connected with the cap-
ture of the Austrian fort of Ampola :
" A lieutenant of artillery had been sent with a
single cannon to open fire against the fortress. The
piece had been placed just behind the last angle
which covered the most advanced sentinel. Here
the piece was charged, and then by means of a rope
it was dragged beyond the protecting angle, and
placed in position on the road opposite the fort, at a
distance of about 150 paces. There, entirely un-
sheltered, under the fire of the carbines, .the lieu-
tenant pointed it himself, and the brigadier fired.
In this perilous manner thirty-four shots were fired
in less than an hour. At the moment that the
lieutenant pointed it for the thirty-fifth time,
and that the brigadier stood at his terrible post, a
cannon placed on the small advanced work of the fort
vomited forth a deluge of grape. The lieutenant and
the brigadier fell, the first struck with instantaneous
death, and the second so mutilated that he expired im-
mediately. The names of these brave men, who with
admirable coolness had engaged in a duty where death
was inevitable will live in the memory of the batta-

lion who witnessed the quiet simplicity of their
heroism. The name of the lieutenant, a young man
of 25, was Alasio, and that of the brigadier Cardone.
In the first burst of emotion the piece was aban-

loned on the road, but the volunteers, fearing that
he besieged might attempt its capture, rushed back
,o the fatal spot and saved the cannon. But a gre-
.. _ _

nade fell in the midst of them and placed 25 hors de

combat. I saw several whose wounds were fortu-

nately of a slight character ; but an amputation was
in one instance necessary on the spot, and several
ambulance waggons soon after passed carrying off
those who were most gravely injured."
The Moniteur, in its political summary, has the
following :—" Accounts from Moravia state that

the advance of the Prussian army towards the

Danube was made in three columns during the few

days which preceded the suspension of arms. The

western column, 40,000 strong, has established some

detachments at ' Stockerau, a few miles higher up
the river than the capital, Prince Frederick Charles

has fixed his head-quarters at Hohenau ; the King
at the chateau of. Nikolsburg, belonging to Count
de Mensderff ; and the Prince Royal at Eisgrut,
near Lundenburg, a seat of the reigning Prince of
Liechtenstein. In the centre, two army corps have
advanced into the plain of the Marchfield, and are
near Gannersdorff. The army of the Prince Royal
la pursuing its march through the small chain of the
Carpathian mountains on the left bank of the
March, a river which separates Hungary from Mo-
ravia and falls into the Danube between Vienna
and Presburg, and in the valley of the Waag, a
river of Hungary, having its source in the Car-
pathians, and which joins the Danube at Komorn.
The object of that movement of the troops under
the Prince Royal appears to be to reach Presburg.
On the other hand, the Austrian army of the north,
commanded by General Benedek, has also pro-
ceeded from Olmutz to Presburg, and has success-
fully effected that movement without being inter-
cepted by the Prussians. It even appears to have
obtained some slight advantages in two encounters.
The Austrian forces, which number about 200,000,
occupy strong positions around Vienna and in the
direction of Hungary."
BOURSE, July 25.—.Tw0 o'clock.—The market
continues in a state of extreme languor, and all
classes of Securities are being negotiated on lower
terms. The most noticeable feature of the market,
however, has been a relapse of lfr. 75c. in the
Italian Five per Cents., which are now weakly,
held at 52f. 25c. French Threes have receded 20c.,
viz., to 68f. 65c., and Mobilier Shares 7f. 50c.—to
643 f. 75c. Spanish Mobilier lose Bf. 75c., and
Comptoir d'Escompte 7f. 50c., the respective quota-
tions being 341 f. 25c. and 867 f. 50c. In Railway
Shares Orleans have receded 2f. 50c. 7 Lyons, sf. ;
and Austrian and Lombard, 2f. 50c. each.' Eng-
lish Consols are likewise telegraphed with a decline
of 1 per cent.

Three o'clock.—Quotations have slightly ina.
proved, the market closing as follows :-
41 per Cents 96 50 Bank Shares 3550
Do. end month — I Italian Loan 52 3,

3 per Cents. 6B 67+
Do. end month 6B 70
Credit Mobiher

Do. end month ... 652 50

Credit Foncier ---

Do. end month 52 75
Mexican Loan 3O
Do. Bonds. 181 25

.........
Spanish Threes ...

Do. end month 1285

Home Debt ...... . . :31
-

Deferred 000000000000 ---
'AYE.

For Account.
Orleans 855
Northern lll7 50
Lyons and Mediterranean B6O
Southern 527 56
Western 550
Eastern 526 25
Sardinian
Austrian
Lombard 383 75
North of Spain 97 60
Saragossa 127 50
Ditto to Barcelona 5O —,
Roman GO ...._