The Sun.
London, England, 1859-06-16 00:00:00

THE SUN.
THURSDAY, JUNE 16, 1859.

We have nothing of any active operations from
the seat of war, save the continued retreat of the
Austrian army and the advance of the Allies. We
were informed the other day that the Emperor
FRANCIS JOSEPH was going to place himself in the
chief command ; and for that purpose he had
ordered a change of position. We fear he will
have to make many changes before he reaches the
" Fatherland of the Brave "

The Austrians have now fled from their strong-
hold on the banks of the Oglio, and may take up a
stronger position on the banks of the Mincio,
between Pescheira on the lake di Garda and
Mantua—a distance of some twenty-five miles.
How long they dare wait there time will prove.
But we shall not• be at all surprised to learn that
the French, now that their gunboat flotilla
is ascending the Po, will suddenly cross
that river—take the Austrians in flank and rear,
while they mask Mantua, and so take the Emperor
JOSEPH and all his Marshals quite aback.
But that is not all. The French are wide-
awake on the Adriatic and will make a descent
to the east of Venice, so as to cut off the Austrian
retreat by the railway to Udine. In fact, the ,
Austrians seem to be apprehensive of that move
already, and are hurrying home as best they can,
so as to anticipate the double moves of the French.
Well done, FRANCIS JOSEPH ! There is a time for
boasting and a sad time for repentance.
You have enjoyed the first in the plenitude of
assumption—now learn a lesson from the other
which may teach a lesson to the upstart Princes of
the famous " Fatherland ! "

There is something better in war than victories
and the glory of them, or rather, it is that which
completes the glory of victories--and that is when
they are the triumph of right. We have all read
with gratification of each defeat of the Austrians,
but more gratifying still are the innumerable
proofs which spring up on every side, that they
have been the defeats of pose who deserve it.
We were told different tales about the feelings of
Italians regarding the Austrians, till the liberating
armies have enabled them to tell their own tale;
some reported that the peasantry and lower classes
rejoiced in her mild paternal rule, and that the nobles
and higher classes alone were rebellious ; others
just reversed this statement; hence we came to the
conclusion that all classes detested the leaden,brutal
rule of the HAPSBURGS, and that in a land of spies
one visitor elicited one thing, and another an-
other ; and so it has proved. Great manifesta-
tions and numerous incidents unite to witness to
the same fact.

The entry. of the EMPEROR. and the KING into
Milan is, undoubtedly, the most striking of these.
IlaPPily the account was furnished by eyewit-
nesses, whose testimony is perfectly unimpeachable ;
and it is long since we have read of anything like
it. At the entry-of the French the town was in a
perfect " frenzy," and " intoxicated with joy."
Flowers rained down from windows and balconies,
and an illumination was improvised by placing on
the balconies all the lights that happened to be in
the house. But the entry of the two Sovereigns
surpassed even this. It was designed to be a private
one. None knew when it would take place. It
was arranged for an early hour, that time might
not be left for any preparations. No troops, no
uniforms or gaudy equipages Preceded—the two
Monarchs came hot and dusty from the last station,
with their staff only. , But the news of their arriva'
spread like lightning, and the whole, town gave
vent tot its feelings with one frantic shout of joy.

" Imagine," says the writer, " the madness of enthu- •
siasm, the whole heart of a people poured out before
those who had delivered it from long thraldom."
" Not an eye remained tearless, and proud must
have been the moment for both. All the other out-
ward decorations disappeared before the greeting
of the people; the flowers so long prepared for the
occasion were almost forgotten in the emotion of
the moment, and fell often long before those for
whom they were intended had passed." The scene
touched even the EMPEROR himself. Such uncom-
manded, unbought, enthusiastic and grateful joy
was what he had never seen before. " I saw emo-
tion pierce through that mysterious and impene-
trable countenance of the EMPEROR," says one
witness ;" he would have been more than a man
had it been otherwise." A like burst of enthusiasm
awaited the Piedmontese, among whom were many
Lombard volunteers—the just terror of Austria.
Such a day was worth a monarch's living for—a
noble reward for all the labours and anxieties ofl
the campaign hitherto, some compensation also
to the living who mourn the martyrs for their
country's liberty, and to many a brave soldier for
his wounds. Worst of all was the lot of many a
wounded Austrian soldier—rather, we mean, a sol-
dier in the Austrian army, who fought by compul-
sion for a cause he hated. But what a tale does
the universal exultation tell ! Where was an
Austrian army ever thus received ? It showed that
a whole population had been bowed down beneath
an intolerable yoke ; that the accounts, not only of
murdering patriots but of women-flogging, of mili-
tary insult, of excessive taxation, of brutal yet
haughty treatment, which had made every heart
indignant in secret, were all but too true. op-
pression had come home to all. People do not
rejoice thus at the entrance of foreign monarchs
and troops for nothing. The Piedmontese
and French were recognised as liberators--as
liberators from Austria. The future they must
leave; they could not indeed think of it yet. For
the first time in their lives since a few moments
in 1848 they felt themselves men, free men. May
they never be slaves again ! If they would not,
they must at least listen to the certainly disin-
terested advice of the EMPEROR ; they must arm
while they may; they must qualify themselves to
defend their Italian fatherland against the transal-
pine foreigner.
The more conspicuous joy at Milan is but the re-
petition of the feeling pervading a hundred smaller
places, and indeed the whole country. The same
enthusiasm and illuminations followed the track of
the noble GARIBALDI ; civilians everywhere wel-
comed even the private soldiers ; the difficulty was
rather to refuse the lodging proffered by private
citizens for even private soldiers than to billet them.
From the Valteline to Piacenza, from the foot of the
Alps to the Po, there has been literally one re-echo-
ing shout of joy. May it soon resound to the Ad-
riatic, and the once fair Queen of that Sea, ruined
more and more yearly by Austria in favour of
Trieste, again resume her beauty, and regain her
commercial glory beneath the blessing of Italian
rule !

The same sad tale—of the hatred generated by
Austrian oppression—has been attested by another
fact, a fact testified by an Austrian field officer, and
a fact, happily, which was the chief cause of the
utter defeat at Magenta. He told his captors
that " the great difficulty they had to contend with
dozing the whole campaign was the want of intel-
ligence concerning the movements of the Allies ;
neither money nor threats could induce the country
people to divulge anything they had nothing
to go upon, and were obliged to feel
their way about like blind men they
only knew where the danger threatened when
they saw the Allies enter Novara, and appear on
the Ticino." It is really delightful to think of
these oppressors now seeking in vain to purchase
the use of eyes they had so filled with tears or made
to flash with angry indignation. They paid the
penalty in having to face a flank attack of 100,000
of the Allies, before they even knew that they had
changed their front. Italian silence, generated by
Austrian cruelties, contributed more than than a
well served park of artillery to the rout at Magenta,
and spoke, as audibly as the joy-shout of Milan, the
hatred of the common enemy.
And what mean all the revolutionary movements
in the Duchies and the Legations—at Leghorn,
Florence, Parma, Ancona, Bologna, Ferrara ? The
uneasiness, too, of the good Pontiff's subjects to
shout " down with the Austrians," but politely
turned into praises of the French—it all points to
the notorious, but often denied fact, that the cold
shade of Austrian influence, as well as her direct
Administration, were detested throughout all Italy.
It was an influence to prompt, as well as to enable
mediatized rulers to grind and harass their subjects.
To choke, at least, every aspiration among them for
Freedom.

Another gratifying fact is the willing sur-
render of Hungarian regiments to the Allies ; re-
giments laid down their arms, not unwillingly, when
they could safely do so. The policy of the generals
had been to place the Hungarians in front of those
savage Croats whom the traitor JELLACHICH had
led against them in 1848. But the exigencies of
the conflict seem to have left them sometimes by
themselves, and they then knew what to do. Hun-
garians did not want to perpetuate the slavery of
Italians to the butchers of Hungarian patriots at
Arad. "We should not have been taken unless
with our own will," they said—" we gave up,
because we hate the Austrians as much as the
French do themselves. Do not therefore believe
that we should have been otherwise taken. We
were engaged in the war of 1848 ! " So may all
the nationalities whom Austria has long trodden
to the ground fail her in the hour of trial! Soon
may she be left to her dear Vaterland and its seven
millions of inhabitants ; and, should the whole of
dear Fatherland take up arms if one of its little
Royalties is assailed—why then—heaven defend
they
chooseie s
to make the right ! Let Prussia, however, let Bavaria, let
Saxony and all the little kingdoms and
e
lock
on
what they
tahreatdoing. Austria may retain in
her gripe the smallest of the states she oppresses,
or from a vague fear of what may happen on the
Rhine when the victorious legions return from
Italy—they must abide the consequences. Russia
will not help them. The English people will give
their young Princess Royal a home again, but they
-will not spend their blood and money for the selfish
Prussians. German arms, unaided, can never with-
stand the battalions of France ; and Germany will
justly reap the defeats which she has invited.• We
shall be as neutral if Germany provokes a French
attack, as we are while Austrian oppression, not
Austria, is attacked and driven out of Italy.
:Englishmen have almost as little sympathy with
the Hohenzollerns as with the Hapsburgs. Both
:are welcome, if they want them, to lodgings at
Irighton—that is all.

A little while longer apparently and the two
we rids will once more be brought into instantaneous
cot nmunication with each other. Another company
; undertaken, with every reasonable prospect of
sue cess, to lay down an electric cable along the bed
of • the Atlantic, from the Land's-end in Cornwall to
131 anc Sablon, an island in the Straits of Belle Isle,

at one of the entrances to the Gulf of St. Lawrence,
a little to the north of Newfoundland. The way
selected is longer by 150 miles than the route chosen
by the old company, between Valentia and New-
foundland. But it ensures the total submergence
of the cable—instead of having it exposed to injury
along the wilds of Newfoundland. It secures,' be-
sides, a considerable diminution of the average depth
along the whole distance. It effectually escapes the
perilous range of submarine mountains—the sus-
pension upon the apex of which it is believed cost
the loss of the costly cable sunk last year to the
bottom of the Atlantic, beyond the possibility of
redemption. It enables a message, moreover, to be
transmitted from this country direct to its trans-
atlantic destination—thereby economising the
expenditure both of time and money in the trans-
mission.

Conspicuous among the other peculiarities of the
new enterprise is the circumstance that the outer
covering of spiral wire is entirely got rid of—its
weight being, by this means, of course very consi-
derably diminished. The conductor, consisting of
seven copper wires—" seven 's the main"—will be
coated over with gutta percha, intermingled with
manifold insulators. Wound about this will be a
textile fabric of a peculiar construction—and the
outermost covering of all being made of longitudi-
nally twisted hemp soaked in a solution of gutta
percha or of indiarubber. The compactness, the
strength, the tenuity, the lightness, the durability
of the whole being insured by the subjecting of the
cable throughout its entire length to extraordinary
mechanical compression. Altogether the weight of
the new cable, it is estimated, will be something
less than eight cwt. a mile, the " breaking strain"
(averaging about two tons) being equivalent to a
strength capable of sustaining nearly six miles of
its own weight in mid air, or, otherwise to express
it, of nearly a quarter of a hundred miles of its own
weight in sea water! So that the projected cable
might be suspended across a submarine chasm
measuring no less than twenty-five miles asunder
from edge to edge without endangering the strength
of the cable thus held in extraordinary suspension
Pre-eminent above all these obvious and remarkable
advantages, to our thinking, is that other and most
extraordinary advantage implied at the very out-
set—the one indicated by the announcement that
the route will be directly between Canada and
Cornwall. The Transatlantic Telegraph Company
will consequently be a purely British achievement.
We shall reserve the glory of it entirely to our-
selves. We need no longer go halves with the
United States in the credit and value and interest
of the enterprise. Between the rocky extremity of
the Land's•end and the entrance to the St. Law-
rence a bond of union the most intimate will be
established, binding to the mother country one of
the noblest of her colonial possessions. Stretching
eventually across the whole width of the great
North American continent, that subtle and magical
bond of union will doubtless extend overland
before the world is much older, bringing us into
instant communication also with the heart of
the Hudson's Bay Territory, with the Red River
settlement, with British Columbia, with Van-
couver's Island. Knit together thus will inevi-
tably, sooner or later, be the opposite sea-
boards of the Atlantic and Pacific. Linked thus
one with another will be the most scattered and
the most remote of the grander and the minor colo-
nies of our world-wide empire. Then, with but
the slightest alteration of that famous couplet of
POPE about the sentient gossamer of the marvellous
insect, might be truthfully, no less than powerfully
written :

" Britannia's power, how exquisitely fine ;
Feels at each wire, and lives along the line !"
In aid of the dominant strength of the Royal Navy of
England, in aid of the thunders of our war-vessels
borne over the waters of the deep by the steam-
engine and the screw propeller, will come in turn
infallibly this mysterious submarine messenger-
voice of the lightning, the true Promethean spark
stolen from heaven.

IRISH LAW CHANGES.

(FROM A CORRESPONDENT.)
DUBLIN, JUNE 15.

The excitement which for the last few days had
prevailed in the Four Courts has to-day taken a
new direction, in consequence of the lamented
death of Judge Macan, who was this morning
found dead in his bed. The deceased judge had been
a great friend of the celebrated Lord Plunket,
and to that friendship he was indebted
for his position. This valuable post, which
has fallen into the new Government, will, it
is supposed, smooth some of the difficulties about
the Chancellorship, as the Government, by promot-
ing either Mr. Lynch, Q.C., or Mr. O'Hagan, Q.C.,
from their chairmanships, will have the vacant
county judgeship to bestow en Mr. Francis Brady,
the late candidate for Dublin, and the son of the
ex-Chancellor Brady.

The Daily Express and the Irish Times, repre-
senting the opinions of the gentry, have been advo-
cating the appointment of Mr. Brewster to the
Chancellorship; and this may be taken as indica-
tive of a readiness on the part of the influen-
tial classes among whom they circulate, to
view, if not with favour, at least with
forbearance, any Government of which he shall be
a member. The rumour that Mr. Deasy will be
Solicitor-General has been received with much
favour in the Hall of the Four Courts, as his per-
sonal character is entitled to universal respect.
The Duke of Newcastle is the favourite here of the
various candidates named for the Lord-Lieutenancy.

POLITICAL MOVEMENTS (THIS DAY.)

There was less bustle this morning amongst the leaders
of the Liberal party, several of the principal offices of the
new Cabinet having been filled up. The Duke of Somerset
called upon Lord Palmerston, at Cambridge House, early
in the morning, and had a long interview. lie was fol-
lowed by the Earl Granville, Mr. Gladstone, Lord John
Russell, Lord Stanley of Alderley, Sir Benjamin Hall,
Lord Broughton, the Earl of Carlisle, and Mr. James
Wilson.

Earl Granville paid visits in the course of the morning
to Lord Clarendon, the Marquis of Lansdowne, and Mr.
Sidney Herbert.
The Duke of Somerset, it is commonly reported, will be
the First Lord of the Admiralty, while Sir Benjamin Hall
will resume his former position of First Commissioner of
Works.

Lord Campbell, who has been appointed Lord Chancel-
lor under the new Administration, has been exerting his
influence to obtain the post of Solicitor-General for Mr.
Wilde, Q.C., and it was confidently stated at Westminster-
hall this morning, that his lordship had succeeded in his
object, thus shutting out Mr. Collier, Q.C., Mr. Atherton,
Q.t., Mr. Edwin James, Q.C., and Mr. Headlam, Q.C.,
who are understood to have been eager aspirants for the
honour.

Lord Broughton, it is believed, is to have a seat in the
Cabinet without office, in order that he may give Sir Chas.
-Wood, the new Secretary of State for India, the benefit of
his experience at the Board of Control.
The Earl of Ripon (late Lord God arich) called upon Lord
Palmerston at Cambridge House later in tho morning. The
noble lord, it is expected, will hold the office of Postmaster-
General, which has been offered to and refused by the Duke
of Argyle.

There is a rumour that the Earl of Clarendon has, at the
earnest request of Lord John Russell, who superseded him
Secretary, undertaken to discharge the onerous
It is expected that Lord Palmerston will submit .the list
dasutFieoareoignf
Lord Privy Seal.
of his new Government for her Majesty's approval to-
morrow morning.

LEGAL APPOINTMENTS.—It was positively stated
in Westminster-hall yesterday, that the legal appointments
had been definitively settled as follows :—Lord Campbell to
be Chancellor ; Lord Chief Justice Cockburn to be made
Chief Justice of England, with a peerage; Sir W. Erle
becomes Chief of the Common Pleas ; Mr. Justice Willes
transferred to the Queen's Bench; and Sir H. Keating
appointed to the vacancy in the Common Pleas.

LATEST NEWS.

THE WAR IN ITALY.

The following telegrams have been received at
Mr. Reuter's office :

TURIN, JUNE 15.

The Austrians are retreating from the Oglio and
the armies of the allies continue to advance. The
Austrian Corps d'arinee which had left Ancona for
Pesaro has directed its course towards the lower
Po, to join the troops in the provinces of Venice.
It is not yet certain that Ancona has been entirely
evacuated by the Austrian troops. Modena and
Brescello are free. Forli, Faenza, Imola, and the
other municipalities of Romagna have pronounced
in favour of the national cause.

VIENNA, JUNE 15.

The Duke of Modena arrived yesterday at
Mantua and was received by the Archduke
William.

The funeral of Prince Metternich has taken
place this afternoon.

The ministerial Ostdeutsche Post publishes a
correspondence from Paris speaking of the even-
tuality of the French landing on the coasts of the
Venetian territory.

BERNE, JUNE 15.
The towns of Forli, Faenza and Imola have pro-
claimed Victor Emmanuel King.
The Austrians have withdrawn from the river
Oglio, taking the direction of the Venetian pro-
vinces.
Modena and Brescello are free.

VIENNA, JUNE 16.

The official Reichsgesetzblatt. publishes an Im-
perial decree ordering the payment of interest on
the national loan during the continuance of the
war to be made in bank notes with premium
(agio) instead of in specie. For the period until
the end of September the agio is fixed at 25 per
cent. The payment of duties and taxes by coupons
of the loan remains valid and. unaltered. It is
however left to the option of the public to request
payment of the interest on the said National loan
in Government Bonds (Staats-ti►chuldverschreibun-
gen) which after five years from the date the in-
terest on the National loan becomes due, will be
repaid with compound interest at the rate of 128
gulden for every 100 gulden in :3pecie.
(In other words the public will receive for in-
terest now due in their option either bank notes at
125f1. for every 100 fl., or Government Bonds to be
redeemed with compound inter Est after five years
from the date of their issue.)

" The second series of the mi I itary observations
of the allied armies," says the N " will now be
pushed on with great vigour by sea and land. We
shall soon see if the Austrians : Lre more fortunate
behind their fortifications than in t the open country.
The Emperor of the French an a the King of Sar-
dinia are advancing all the t; coops to invest the
Austrian fortresses ; and Prince Napoleon will soon
proceed with the corps d'armee ; under his orderslito
the lower Po, to support the movements of the right
wing of the French army."
According to private letters I received in Paris,
such is the abundance of p tovisions of every
kind abandoned by the Austrian s.; in their precipi-
tate retreat from Lodi, Pavia, Cr innona, and Pizzi-
ghettone, that orders have been : 3ent to the victual-
ling department in France to su: fpend the despatch
of stores to the seat of war for o tie month to come.
Admiral Count Bonet cnez has sailed from
Toulon with the first division of the siege fleet,
consisting of the "Mogador, Gorrler, Descartes, and
Vauban, having in tow three floating batteries, the
Tonnante, Devastation, and Lave. Admiral Bouet
has hoisted his flag on board the Alogador, which
tows the Tonnante. The second division, composed
of gunboats, will sail ix a few days, escorted by the
squadron of Admiral Desfosses.
The latest journals from Parma beta- the date of
the 11th. A Government Commission had been
formed there, composed. of MM. CanteLli, Bruni, and
Armani, which, after ordering the Itaaian tricolour
with the cross of Savoie to be hoisted on the
citadel, issued a proclamation announcing that the
inhabitants had nothing more to fear from the Par-
mese troops, who had preferred going over to
Austria rather than serve the natiotaal cause. The
document concludes with a recommendation to
preserve public order, and obso rve the laws.
Next follows a decree, ordering that all public
acts and sentences shall be issue d in the name
of the Government Commission, until the
Government of Victor Emmanuel. shall have de-
' creed otherwise; another decree abrogates the state
of siege, and a third maintains t'h.e corps of gen-
darmes. The Opinione of Turin states that, in
accordance with the -wishes of Pam ta and Piacenza,
the King has appointed Count Pallieri civil gover-
nor of the two places.

Chevalier Brtoncompagni, Sardinian Com-
missary Extraordinary in Tuscany, has issued
a decree opering various new ports to the re-
ception of lireadstuffs, which before could only
be introduced through Leghorn and the Arno
custom-house. By another decxee, all requi-
sitions *made by the commanders of . the allied
armies, and duly signed by the local authori-
ties, 7nust be immediately complied with, on pain
of r.va imprisonment not exceeding 10 days, or a fine
not exceeding 100 francs. The price of the articles
tht Ls given up shall be fixed by common agreement
beitween the Government and the owners.

.A letter from Vienna of the 11th says :—" The
4th corps d'armee, of which a portion arrived three
days ago at Vienna, has begun to leave for Italy.
It is commanded by the Archduke Charles, who
has hitherto had his head-quarters at Lemberg. The
several corps which belong to the 3d, and who are
now stationed in Upper and Lower Austria, are about
to go, to Trieste, and the Archduke Albert is also to
pro teed there. General Count Schlick is to go into
Italy with the troops which are stationed in Istria.
The) 13th corps d'armee, which is about to be
fomned, is also destined for Italy. It is definitively
decided that the regiments of infantry shall each
re at eive the sixth campaign battalions. The second
extraordinary levy is to be terminated by the 15th
of September. What are called the first three
clog ses of age are included in it, and the stature of
tho men is to be reduced. The sum ordinarily paid
for exemption from military service is not accepted
for' .men comprised in this levy."
T he Nord of Brussels publishes a letter from St.
Pete -3rsburgh, which says :—" The great number of
prisoners left in the hands of the allies after every
CODE flirt with the Austrian army is a very remark-
able fact. How can it be explained ? The Austrian
sold iers are crtainly no cowards ; are they dis-
pirited ? Or are these captures owing to the
er manoeuvring of the allies? Perhaps the
real cause may be found in the circumstance
that t the Lombard, Hungarian, and Gallician sol-
dier rs, who are very numerous in the Apstrian
arc ay, do not look upon the Austrian cause as
theirs, and so, when once out of the ranks, they
pr f'fer surrendering to fighting ? We admit that
th French bulletins may not give a very accurate
ac count of the Austrian killed and wounded;
bud , as to the prisoners, they may be counted ac-
cu x ately, and an official bulletin can hardly be sus-
-pm ted of error there. To tell the truth, the sue-
cest; of the allies has caused but little surprise
her e ; we expected it, and felt certain of the Aus-
tr;:a n defeat. As a proof of the great interest felt
he r e respecting the war in Italy, I need only men-
tio4 the military articles regularly published for
seem e time past by our journals. For instance, the
St... Petersburg Gazette is publishing a series from
the talented pen of M. Amichkoff, in th .e second of
wide II the writer strongly blames the hesitation
evil 3nt in all the Austrian movements c in the Sesia

and the Ticino, and expresses his surprise that ad-
vantage was not taken of the first moments to fall
on Turin. At the same time he expresses his admi-
ration of the wonderful promptitude with which
the French army was moved into Piedmont. The
occupation of that country,' he says, 'is a most
extraordinary operation, from the rapidity and
energy of the measures which were taken to effect
;4 I 7)

A correspondent of the Constitutionnel, writing
from Berne, 13th, says :—" The Swiss residing at
Venice having communicated to the Federal
Government a desire of being placed under
the protection of the British consul there
during the war, the steps necessary for se-
curing that end have been already taken. Ac-
cording to tha latest advices that have reached
Switzerland, desertion has become general from
the Swiss regiments in the Papal service. Four or
five hundred soldiers, in garrison at Forli, have
passed over into Tuscany, where most of them
have entered the service to fight fox:the independ-
ence of Italy; others have gone to join Garibaldi's
volunteers ; and a few have returned to their fami-
lies. A dozen of the latter, belonging to the German
cantons, passed through Geneva on the Bth. This
intelligence is confirmed by despatches from the
Swiss consul at Genoa, who says that deserters
from the Papal army are constantly applying to
him as Swiss, some stating their intention to join
the Franco-Sardinian army, others to return home.
What is certain is that a general desire is felt to
see circumstances afford the Swiss in foreign'ser-
vice an opportunity of being useful to other causes
than those which they have hitherto defended ;
and we should be most happy to see the four Swiss
regiments in the Neapolitan service, in virtue of
capitulations to which the Federal and Cantonal
Governments are completely foreign, in a position
to lend their assistance to the cause upheld by the
Franco-Sardinian army. There is now a proba-
bility of this being the case., as letters from Italy
show some hope of a complete change in the policy
of the Neapolitan Government; and, should this
hope be realised, the solution of the difficulties
attending the reconstruction of the Italian States
would be greatly simplified."

FRANCE.

PARIS, WEDNESDAY.

PARIS BOURSE.—The market has been again
heavy. Threes, which had left off yesterday at
62f. 80c., opened at 62f., and receded to 61f. 90c.
Mobilier were done from 630 f. to 622 f. 50c.; Orleans,
1,200 f. to 1,207 f. 50c. ; Lyons, 815 f. to 820 f.;
Northern, 915 f. to 920 f. ; Eastern, 610 f. to 605. ;
Southern 460 f. to 470 f. The following were the
last quotations :

41 per Cents. .... 92 Credit Foncier 645
Do. end month .. 92 —lBelgian 4
3 per Cents 62 50 Piedmontese (5) .. 83 50
Do. end month 62 45 Roman B2 50
Bank Shares 2770 Austrian —

Credit Mobilier ..':640
Do. Account 641 25

Spanish Threes
,Home Debt

RAILWAYS.

Cash.
Orleans
Northern

' Account.
.. 1217 50
.. 917 50

New ditto 787 50 .. 785
Lyons and Mediterranean 835 .. 832 50
Geneva 495 .. 490
Southern

---
Western 505 ..
Eastern
Sardinian 372 50 .. 365
Austrian
Exchange on London, at sight, paper, 25f. 121 c. ; money,
25f 7-ic. ; three months, paper, 25f..; money, 24f. 971 c.