The Sun.
London, England, 1859-07-12 00:00:00

demands the dismissal of the men who occupy the 1
highest places in Church and State, in civil anal
military affairs ; and Hungary, in particular,
threatens to become another Lombardy. An ar-
mistice must therefore be welcome to Austria; and
the more so that it will give her the possibility of
obtaining new allies in order to prevent France
from extending her views beyond Italy."

The Journal des Debats proposes a plan for the
settlement of the Italian question, according to
which Piedmont should be increased by the an-
nexation of Lombardy, Venetia, and the Duchies
of Parma and Modena ; the Legations would
remain in the power of the Pope, and
the Grand Duchy of Tuscany be given to
the Duke of Parma, his mother still acting as
regent. The same journal points out the great
difference which exists between the circumstances
of the present armistice and those connected with
that which preceded the treaty of Campio-Formio
in 1797. "At that period," says our contemporary,
" the Venetian Government had declared against
France, and drawn on herself the anger of the all-
powerful conqueror. But such is not the case at
present, as Venetia is now the representative of
Italian independence, of which she was in 1848 and
1849 the last asylum."

" The attitude which Austria has so suddenly
assumed at the Diet of Frankfort," says the Nord,
" has caused deep indignation in Prussia.
Austria, in proposing to the Diet, where she
has at her disposal a docile majority, to ap-
point the Prince Regent of Prussia to be Com-
mander-in-Chief of the Federal army, had
no other object in view than to thwart the proposi-
tions of Prussia, who had demanded the union of
the Federal Contingents to the Prussian army under
the command of the Prince Regent. In other
words, Austria wishes to render the authority and
policy of Prussia, as a great European power, sub-
ordinate to her position as a co-federate power,
that is to say, to place her at the discretion of
Austria. This new attempt of the Cabinet of
Vienna is perhaps the reply to the successful mis-
sion of Prince Windischgratz, and we think that
our correspondent at Berlin is not mistaken in sup-
posing that at the moment when Austria hurled
this defiance at Prussia, she had determined to
dispense with the assistance of the latter, and to
come to a compromise in Italy."
The Bourse Gazette of Berlin states, on what
it considers good authority, that when the
Prussian proposition for establishing a corps of
observation on the banks of the Rhine was brought
forward for decision at Frankfort, Holland voted
against it, and Denmark reserved its vote. As to
the minor States of Southern Germany, they re-
served the right of asking for more categorical
explanations as to the intentions of the Prussian
Government. _ _

The National Gazette of Berlin, of the 9th,
says :—" The Russian answer to the Prussian note
sent, on the 27th ult., to the two neutral Powers,
has arrived here. On the whole, the Russian
cabinet approves of the Prussian views, but reserves
certain details for future discussion. The answer
of the English cabinet has also arrived; it endea-
vours to dissuade Prussia from adopting any ener-
getic course of action."

FRANCE.
PARIS, MONDAY,

PARIS BOURSE, July 11.—The conference be-
tween the two Emperors, which has taken place
this morning, has strengthened the hopes which
were before entertained of approaching peace, and
prices at first improved. Later in the day large
sales for realisation were effected, and quotations
again receded. Threes, after having been done at
68f. 50cf, declined to 67f. 80c. ; Mobilier varied from
815 f. to 785 f. ; Austrians, 675 f. to 555 f. ; Orleans,
1,350 f. to 1,335 f. ; Lyons, 870 f. to 860 f.; Northern,
945 f. to 935 f. ; Eastern, 655 f. to 645 f. ; Southern
520 f. to 515 f. A rally took place towards the
close, when the following were the last quota-
tions :

41 per Cents. .... 95 50 I Credit Fonder
Do. end month; .. ——l Belgian 42
3 per Cents
Do. end month 6B 15 Roman B2 50
Bank Shares 2BOO Austrian
Credit Mobilier .. .79.5 Spanish Threes
Do. Account ..... 800 , Home Debt 4O 50