The Sun.
London, England, 1859-07-28 00:00:00

LATEST NEWS.

REDUCTION OF THE FRENCH
ARMY AND NAVY.

The following telegrams have been received at

Mr. Reuter's office :

PARIS, JULY 28.

The Moniteur of to-day contains the following :

. -
—" The Emperor has decided that the army and
navy shall be restored to a peace footing with the
least possible delay. (Que armees terre et mer
seraient dans le plus bref delai remises sur le 'pied
pair.)"

Yesterday the Emperor presided at a united
sitting of tha Privy Council and the Council of

Ministers.

TURIN, JULY 27.

The official Piedmontese Gazette publishes a
Circular of the Minister of the Interior to the Go-
vernors and Intendants-General of the provinces,
of which the following is a summary :
" The change of Cabinet does not produce any
serious variations in the character of the policy of
Sardinia. The new Ministry will continue to
favour as largely as possible the development of the
great principles which are the basis of our public
right.

" The Minister goes on to ask the support of his
subordinates in the tranquillisation of discouraged
minds, in strengthening belief in the right to
liberty, and in preparing the annexed provinces
for liberal institutions. .

" The circular concludes by promising reforms in
the extension of communal and provincial
liberties,'

According to a telegram received from Florence
the Tuscan Minister of the Interior has published
an official report. The result of deliberations on
the question of annexation of Tuscany with Pied-
mont has been made known from 141 places, in-
cluding Leghorn and Florence. This result shows
809 affirmative, against 15 negative votes, repre-
senting the wishes and interests of 1,135,863 in-
habitants. The result of the elections of members
of a special assembly is also favourable to the in-
dependence of Tuscany. When the assembly shall
have received the numbers from the other towns it
will give its vote.

MARSEILLES, JULY 27.

According to advices from Malta, Admiral Fan-
shawe left on the 18th inst. for Naples, with five
men-of-war and one frigate. Vice-Admiral Mundy
has left, with one ship and one frigate. The ship
Cressy and two gun-boats have also sailed.
Advices have been received from Constantinople
to the 20th. Official orders have been given to
suspend the departure of the reserves, peace having
been concluded. The settlement of the question
respecting the double election of Prince Couza has
been deferred until the arrival of M. de. Thouvenel.

FRANCE.

PARIS, WEDNESDAY.

A project of confederation for Italy, drawn up
by Count Walewski, has, it is said, been already
communicated to all the Governments interested.
It contains a provision for a federal army, and ap-
pears to resemble the Germanic Confederation in
certain points.

It is stated that, as soon as the troops have re-
turned to France and resumed their previous quar-
ters, a great number of temporary furloughs will
be granted, which will afterwards be made defini-
tive for all those men who have only a year or
eighteen months to serve. The administration of
the marine, also, is said to have received the ne-
cesssary instructions for preparing the definitive
discharge of all sailors who, having already served
six years, have been called out to join the fleet
within the last six months.

A Paris letter in the Nord says :—" It is not
correct, as certain journals have stated, that any of
the French troops are to occupy the duchies. Those
only who are at Rome will remain, for the present,
where they are. Nowhere else will there be any
military intervention in Italy."
PARIS BOURSE, July 27.—A fall of -Z- per cent. in
English Consols caused some heaviness at the com-
mencement of business, but there was afterwards
a little rally. Threes, which had been done at 67f.
80c. and 67f. 70c., recovered to 67f. 90c. Mobilier
varied from 782 f. 50c. to 792 f. 50e; Lombardo-
Venetian, 551 f. 25c. to 560 f. ; Austrian, 555 f. to
560 f. ; Orleans, 1,335 f. to 1,342 f. 50e. ; Lyons, 852 f.
50c. to 857 f. 50c. ; Southern, 505 f. to 507 f. 50e. The
following were the last quotations :
_

41 per Cents. 95 50
Do. end month —
3 per Cents 67 80
Do. end month 67 95
Bank Shares —
Credit Mobilier
Do. Account

Credit Foncier .. — •
Belgian 4f — •
Piedmontese (5) -
Roman B6 -
Austrian
Spanish Threes -
Home Debt 4l -

RAILWAYS.

Cash. Account.
Orleans
Northern . 920 .. 920
New ditto BO5 .. 810
Lyons and Mediterranean 857 50 .. 857 50
Geneva 522 50 .. 520
Southern
Western 550 .. 550
Eastern
Sardinian 405 .. 401 25
Austrian
Exchange on London, at sight, paper, 25f. Tic. ; money,
25f sc. ; three months, paper,24f. 95c.; money, 24f. 94c.