The Sun.
London, England, 1859-05-05 00:00:00

FRANCE.

PARIS, WEDNESDAY.
The Empress Eugenie this day completes her
33d year. _ . .

The Imperial reception at the Tuileries last even-
ing was most numerously and brilliantly attended.
All the high functionaries, and the members of the
Senate, Council of State, and Legislative Body were

present.
The Austrian Ambassador, M. de Hubner, has
quitted Paris to-day.
The Moniteur of yesterday publishes the follow-
ing account of the sitting of the French Senate, on
the 3d inst., under President Troplong. Prince
Napoleon attended the sitting. M. Fould, Minister
of State, t..ok his seat with the usual formalities
and addressed the Senate as follows :

" Gentlemen,—l have had the honour of laying
before the Senate a statement of the negotiations
followed by the Powers up to the moment when
Austria, separating her action from that of the other
Cabinets, took the resolution of addressing an ulti-
matum to Sardinia to the effect that if it was not
agreed to she would have recourse to arms.

" The Government of the Emperor did not wish
Austria to remain ignorant of the view it should
take of such an eventuality, and his Majesty's
Chargé d'Affaires at Vienna, on the 26th of last
month, notified to the Austrian Government that
if its troops crossed the. Piedmontese frontiers
France would be obliged to regard such an inva-
sion of an allied country as a declaration of war.
" The Court of Austria having persisted in em-
ploying force, and its troops having entered tho
Sardinian territory on the 29th, the Emperor has
ordered me to bring to the cognisance of the Senate
this fact, which constitutes Austria in a state of waT
with France."

This communication was received with shouts of
" Vive I'Empereur !" The President then rose and

said—

" I take note of the communication of the Mini-
ster of State. If I may be allowed to add a few
words to interpret the sense of the acclamations we
have just heard, I will say, while our illustrious
colleagues the Marshals and Generals intrusted
with commands will maintain the glory of the
French name opposite the enemy, the senators who
remain here will not shrink from any act of civil
courage or devotion to the Emperor. There will
be a rivalry of patriotism between them and us—
(applause)—for this is a just war; it is simply a
reply to a challenge and an aggression. It is the
consequence of a secular policy which has always
been moved by the crises in Italy as if they were
events in France. (f Yes, yes !' and applause.) The
Emperor cannot allow Turin, which is the key of
the Alps, no more than Rome, which holds the keys
of the church, by the hands of a holy and venerated
Pontiff—(great sensation)—to fail underlhe usurp-
ing yoke of an influence hostile to France. (Great
applause.)
" Italy, then, will be restored to her nationality.
She will not be revolutionised—(' Excellent')—but
liberated—(great applause)—and that beautiful
country, threatened with a master, will find a
liberator.

" Vive VEmpereur !"
All the members rose and joined in the acclama

tion.

The following report to the Emperor from M.
Magne, Minister of Finance, on the subject of the
new loan, is published in the liforiiteur :
" Sire,—A law has just authorised your Majesty to
raise, by a negotiation of State Stock, an extraordinary
resource of 500 millions of francs applicable to the
expenses of the war of Italy. The period, the mode, and
the conditions of effecting this loan have, as usual, been
left to the judgment of the Government. It results from
the particulars furnished in support of the law that the
situation of the Treasury is excellent. The resources
which it holds in reserve, and the ordinary means at its
disposal, would allow it, without embarrassment to the cur-
rent services of the State, to devote more than 300 millions
to the first expenses of the war. It is therefore merely as
a simple measure of prudence, and in order not to keep
capitalists in suspense, that I am about to propose to your
Majesty not to defer the opening of the subscription.
A national subscription having fully justified the
preference which your Majesty has given to that
system, there is no reason why it should be departed from.
I propose to your Majesty to regulate the conditions of it
in the following manner:-1. The subscribers, as in the
preceding loans, shall have the choice of either 3 per Cents.
or 41 per Cents. 2. The minimum of subscription shall be
for 10fr. of rente. 3. Subscriptions for 10fr. shall be ex-
empt from any reduction ; those for larger sums shall
reduced in proportion, but without being brought below
10fr. of rente. The rate of issue shall be fixed at 90fr. for
the 41 per Cents. with interest from the 22d March last,
and at 60fr. 50c. for the 3 per Cents., with interest from
the 22d December; 1858, 5, One-tenth part of the- capital

Credit Mobilier 515 —lSpanish Threes ..
Do. Account
RAILWAYS.

40 -
36 25

. _
Cash. Account.
Orleans
Northern
New ditto. 705 .. 703 75
Lyons and Mediterranean 745 .. 750
New ditto
Geneva 407 50 .. 402 50
Southern
Western 473 75 .. 470
Eastern
Sardinian
Austrian
Exchange on London, at sight, paper, 25f. 6c. ; money,
25f. sc. ; three months, paper, 24f. 971-c.; money, 24f. 021 c.

subscribed for shall be paid et the time of subscription, and has bound itself to the Church by a mediaeval Con-
the remainder in eighteen equal monthly instalments, the cordat, and which is always ready to support the
first of which will be due on the 12th July next. The cause of tyranny. The Austrian Minister, Count
payments by anticipation will not be admitted except for
W ar,
subscriptions which shall not exceed 500 fr. of rente. On the Colloredo, has been daily with the Minister of
last few days, at the Bourse, the average price of the his Eminence the Cardinal Antonelli, and it has not
41 per Cents. was not far removed from 90fr., and that escaped attention that during such visits the Car-
of the 3 per Cents. from 61fr. These prices, compared dinal has been frequently seen going up and down
with the rate of issue above fixed, show in favour of sub- stairs to the apartments of the Pope. Whatever
scribers only a very trifling advantage, but the delay of may have been the subject-matter of the discussion,
about twenty months which is granted to them to
pay up the subscription, and which, by means of the there have undoubtedly been most frequent and
interest which falls due in the interval, will pro-
unusual communications between the Austrian
cure by anticipation the enjoyment of the interest of Minister and the Papal Government. Count Col-
the capital subscribed for, constitutes in itself a Lona loredo, in reply to the remonstrances made by this
.fide profit of 2fr. 88c. for the 41 per Cents., and of Government, alleges that there is no real increase
lfr. 93c. for the 3 per Cents. At all times similar advan- of the Austrian force in Ancona, that the garrison
tages have appeared necessary to secure the success of such
has long fallen short of what it ought to be,
negotiations. Public subscription has the particular merit
of calling on every one without distinction and without and that his Government is now only bringing it
favour to take part in it. In the preceding loans this up to its proper strength. The numbers which have
system has been attended with great success, and there is been added, however, bring up the garrison to
every reason to hope that the present one will have results 6,000 men, and I tokl you in a former letter what
not less satisfactory. Your Majesty's policy—moderate
proportion they bear to the population of the place.
and conciliatory in council, vigorous and resolute when the
necessity for acting arrives—has found a first conse-
There are reports also of a disembarkation of Aus-
cration in the unanimity with which the great bodies trian troops on the coast of Manfredonia, with a
of the State have granted the necessary amount of view to secure the tranquillity of the kingdom of
men and money. The people will prove by their the Two Sicilies, and to anticipate any French
eagerness to subscribe that in engaging the forces movement. I cannot confirm it, but certainly
of France for the defence of legitimate interests, in a nothing appears to me to be improbable, whether
struggle provoked by the enemy, your Majesty has shown •
regarded with a view to the wishes of the Neapoli-
yourself the faithful interpreter of the feelings of the nation.
" I am, &c., P. m,„„.,, tan Government or the strategic necessities
The report is followed by a decree authorising the of Austria. We are to lose immediately a portion
adoption of the propositions contained in it, and by of the French garrison now stationed in Rome.
a decision of the Minister of Finance fixing the The 40th Regiment, a battalion of Artillery, and
details for earring the measure into execution. the Chasseurs de Vincennes are under orders to
The instructions declare that subscribers not march—some say north, others south. The most
paying up instalments regularly will be charged 5 probable information sends them to Rieti, in the
per cent. per annum for the time overdue. Abruzzi, on the Neapolitan frontier, and if so
the move is significant enough. Should this be
BOURSE, May 4.—The market has been steady,
owing to the conditions of the new loan, published the case, they can be intended only as a corps
this morning. Threes have been done at 60f. 70c. of observation ; but the probability of their
to 60f. 90c.; Mobilier, 500 f. to 510 f. ; Orleans, moving south is increased by the report which
1,092 f. 50e. to I,loof. ; Lyons, 737 f. 50c; to 742 f. prevailed in Naples that four companies of
50c. ; Eastern, 540 f. to 545 f. ; Northern, 815 f. to every regiment were being draughted off and
820 f.; Lombardo-Venetian, 415 f. to 419 f. 50c. The sent into the Abruzzi. The loss of this force
following are the last quotations : will greatly diminish the strength of the
41 per Cents. B9 [ Credit Fonder.... 605 Papal Government, and my impression is, that it
Do. end month —lBelgian 4i . — is labouring under very considerable alarm. You
3 per Cents 6l 15_[Piedmontese (5) —73
Do. end month 6l 05 [ Roman 7B have been already informed of the efforts which
Bank Shares

episcopal addresses to increase the native force--
efforts which have proved all but useless. In its
desperation too, and in its utter want of good
officers the Government has been endeavouring to
drag from his retreat a captain Alai, of the Gen-
darmerie, who formerly rendered the Government
good service, and was so insulted by it that he
threw up his commission. In 1851 Captain
Alai cleared the Romagna of banditti, when.
they had grown so bold as to enter the town of
Brisighella and arrest the population while in the
theatre. His success -wakened the jealousy of
the priests, and he retired. In their necessity,
however, they have sent for him, and Antonelli
has begged him again to accept a commission, s
request which he refused. The Pope then sent for
him and imposed his commands upon him, but
Alai, without returning a definitive answer, went
home and procured a medical certificate to the
effect that his health would not permit him to
accept office. One of the foreign regiments in the
service of the Pope has been ordered into Rome,
but you will remember my description of them
sufficiently well, perhaps, to be assured that they
can never be any support to this Government in
a moment of danger. An -exchange, too, of
native troops is to take place between this city and
Bologna ; in fact, not the slightest dependence can
be placed upon them, and I should not be surprised,
as the national enthusiasm waxes warmer, if a great
portion of them do not march off to Piedmont, or, re-
maining here, if they did not take a part in any po-
pular movement which might be initiated against
the Government. If, then, it be asked on what does
the Papal authority depend for support, the au'
swer is—On the sufferance of its subjects ; on the
will of the Piedmont.ese Government, which at pre'
sent holds the whole of Italy under the strictest
moral subordination ; and on the persuasion of all
parties that the Pope is a great card, to be well
guarded and respected. Should, however, as events
occur, a general disorganisation take place, then
there is no Power which for the love of the Papal
Government will attempt to save it.
It is unnecessary for me to say that during the
whole of this week the greatest excitement has pre-
vailed in Rome, and that there has been a rush of
volunteers to Piedmont. On. the27th inst., by the
first train, 60 left for Civita Veechia, and by the
second train 80 more. I am informed that there
are 1,000 more ready for departure. Many of these
have no funds, and the Romans of all classes, excePt
the nobles, with one or two exceptions, supply
them by subscriptions got up among themselves.
On arriving at Civita Vecchia, a few who hrve some"
thing of their own manage to get on board the
Sardinian steamer in spite of the spies and police-
men surrounding them ; but the majority go off by
land through Corneto, and, traversing the Maremnlllo
cross the Tuscan frontier. It was said that some
gendarmes had been sent after them to dispute thou'
passage ; but resistance will now be met by resist.'
ante, and my impression is that the Papal Govern'
ment in its fear thinks more of quieting the sus;
ceptibilities of the Austrian Government than of
opposing the irresistible determination of its oval
subjects.