The Sun.
London, England, 1859-03-24 00:00:00

LATEST NEWS.

THE PROPOSED CONGRESS.

The following telegrams have green received w
Mr. Reuter's office :

VIENNA, THUUSDAY, NOON.

Austria yesterday agreed to the proposed
Congress, which will probably meet at Aix-la-
Chapelle.

PARIS, THURSDAY MARCH 24.

The Moniteur of this day contains the following:
The Cabinets of London and Berlin have given
their consent to the proposal of Russia concerning
the assembling of a Congress on Italian affairs.
The reply of the Cabinet of Vienna is not yet
known.

MARSEILLES, MARCH 23.

The General of Division last night received a
message from the Minister of War, dated 2 o'clock
p.m. of the same day, transmitting him orders to
keep back in Marseilles the reinforcements of 1,000
men which were intended for Algeria, but they had
already left at 12 o'clock, per steamer Euphrate,
for their destination.

TURIN, MARCH 23.

On the 216 t inst. a picket of Austrian cavalry
crossed to the Piedmontese side of the Ticino for
the purpose of exploring the frontiers opposite
Pavia, which having done, they returned to that
town.

To-day the annual commemoration of the Pied,-
montese soldiers slain at the battle of Novara in
1849 was celebrated in the Cathedral. The cere-
mony was solemnised in the most impressive
manner. The Ministers of State, deputations from
Parliament, the officers of the Sardinian army and
the National Guard, the students of the University,
and the immigrants from other parts of Italy were
present.

It is rumoured that Count Cavour has resigned,
and that his place is to be filled by M. Alfieri.
Nothing is known in reference to the replies of
England, Prussia, and Austria.

TOULON, MARCH 23.

The journal Sentinelle of this day announces that
four steam frigates have received orders to sail for
the purpose of fetching troops from Algiers.

FRANCE.

PARIS, WEDNESDAY.

The official note in the Moniteur announcing the
proposal of Russia to convoke a congress for the
discussion of the Italian question is commented on
by several of the Paris papers ; the Presse observes:
—" The initiative taken by Russia proves not
alone the great value she attaches to the preserva-
tion of peace, but also that she does not consider
herself so perfectly foreign to the responsibilities
of war as had been supposed. In proposing this
congress she has performed o deed which will be
appreciated by civilisation and policy. The French
Government offers a startling proof of its sincere
desire to maintain peace.. This is a sound, skil-
ful, and frank policy. Austria cannot refuse to
accept the congress. By refusing, she would prove
to Europe that she fears her justice, and she
would then probably forfeit all chances of assist-
ance in the event of war. England beholds her best
hopes realised. Why did she despatch her first
diplomatist to Vienna ? It was in order to draw
the Italian question on to the field of diplomacy.
The Emperor of Russia has obtained for Lord
Cowley and for England the object of their search.
We may offer one simple observation—the majority
in the congress will belong, not to the contending
powers, but to the conciliatory parties, that is, to
England, Russia, and Prussia. Such being the
position, it is not too rash to await a satisfactory
solution of the question at issue."

The Patrie considers that the meeting of a con-
gress would represent a great success for French
policy :—"Russia acknowledges, then, with France,
that the state of Italy is abnormal. The same idea
doubtless prevails in London and Berlin. The
Emperor of the French offers a fresh proof of his
moderation by the readiness of his adhesion to the
initiative taken by the Emperor of Russia. He
thereby evinces his sincere desire for the preserva-
tion of peace, and thereby acts in harmony with
all the precedents as with all the principles of his
policy. We cannot presume that the Vienna
Cabinet will reject the idea of a conference. Cer-
tainly, it would not venture to accept so grave
a responsibility. The meeting of a congress may
therefore be considered as almost certain. This
first result is a great success for the policy of
France, and is at the same time a valuable gua
rantee for an honourable peace."
The Union contains the following :—The Moni-
geur has spoken, and hope has returned to the
hearts of our unemployed diplomatists. All hail !
then, to the Sultan of the French press ; the
political world and the commercial world are
indebted to it for at least one pleasant clay. Not
that the note has escaped all sorts of comments.
Some would have liked it to have been more explicit ;
others consider it too reserved with regard to Prus-
sia and Great Britain. Why—it is asked—does
such silence surround the name of Lord Cowley ?
Why pay to the Cabinet of St. Petersburg the
exclusive honour of the transaction, when every
body believed, on the contrary, that the merit was
to be attributed to the British ambassador ? Why ?
But people are too inquisitive. The es-
sential point is to know whether peace is to be
ensured, or whether the negotiations will merely
represent a lull between two storms."
The Siecle, with its usual power of reasoning,
argues that warlike preparations must be pushed
with fresh vigour, now that a congress is to be con-
voked :—" We entertain the firm hope that a per-
spective of negotiations will neither check the vigi-
lance nor efforts of France. We must prepare our-
selves more than ever for war, since it can issue,
quite as well as peace, from the deliberations of a
congress. We are on the eve of one of those selemn
days which only appear at distant intervals in the
existence of nations. On our firmness, on our atti-
tude depend the future of Europe."
BOURSE, March 23.—Heavy sales were effected
at the opening of the market, and prices declined,
but a sudden rally afterwards took place on a
eeport that the adhesions of the Cabinets of London,
Vienna, and Berlin had arrived. Threes, after
having been done at 68fr. 50c., improved to 68fr.
80e. Mobilier varied from 78750 to 795 fr.; Austrian,
542 fr. 50c. to 547 fr. 50c. ; Lombardo-Venetian,
522 fr. 50c. ; Orleans, 1,355 fr. to 1,360 fr. ; Northern,
935 fr. to 937 fr. 50c. ; Southern, 515 fr. to 517 fr.
50e. ; Lyons, 842 fr. 50c. to 845 fr. The following
are the last quotations :

41 per Cents. .... 96
Do. end month .. 95 I
3 per Cents. 6B 801
Do. end month.... 68 701

Credit Foneier
Belgian 4t
Piedmontese (5) 79
Roman B5

Bank Shares...

2860

6iedit Mobilier .. 795
Do. Account ..... 796 25

Austrian
83 50
Spanish Threes
Home Debt —.

RAILWAYS.

Cash. Account.
Orleans
Northern 937 50 ..
New ditto BO2 50 .. 802 50
Lyons and. Mediterranean 846 25 .. 847 50
New ditto — • •
Geneva 637 50 .. 540
Midi
Southern
Western 6OO ..
Eastern
Grand Central — • •
Sardinian 397 50 ..
Austrian : 545 .. 550

Exchange on London, at sight, paper, 25f. 121 c. ; money
25f. 71c. ; three months, paper, 25f.; money, 24f. 95e.

AUSTRIA.

A Vienna letter, in the Post-unapt Gazette, says :

—" It has been asserted that Austria exercises
over the Italian States a preponderating influence
which is inconsistent with the independence of
those States, and consequently with European