The Sun.
London, England, 1861-03-08 00:00:00

THE SUN, LONDON, FRIDAY :EVENING, MARCH 8, 1861

LATEST NEWS.

RETJTER'S TELEGRAMS.
PARIS, MARCH 8.

The Corps Legislatif will commence the discus.
sion of the Address on Monday next.

VIENNA, FRIDAY.

The damage caused by the inundation to the
granaries of Galatz and Ibraila, especially in the
former city, is so great that it is apprehended that
commerce will be seriously affected.

MADRID, MARCH 7.

The Ministry have pronounced themselves in
favour of the temporal power of the Pope.

'TURIN, IVIARcII 7.
Signor Ratazzi has been elected President of the
Chamber of Deputies by 219 against 23 votes.

NAPLES, MARCH 7.

The Official Journal notifies the blockade of the
citadel of Messina. Hostilities have commenced.
All foreign vessels have left Messina, with the ex-
ception of those of England aad America.
The English captains have declared their inten-
tion of remaining in order to protect the property
of their countrymen.

PARIS, THURSDAY EVENING.

In to-day's sitting of the Senate the whole ad-
dress was agreed to by 120 against 3 votes, after
speeches had been delivered by several Cardinals
and other Senators.

To-morrow a committee of the Senate will pre
sent the address to the Emperor.

TOULON, MARCH 7.
Prince Napoleon mill embark for Italy in ten
days.

A levy of 1,000 sailors has been ordered in the
district of Toulon.

VIENNA, THURSDAY.

An imperial autograph letter sanctions the
assembling of a Servian national congress in Kar-
lowitz, under the presidency of the Patriarch
Rajacic, before the opening of the Hungarian Diet.
The congress is to be composed of Servian deputies
only.

The inhabitants of the other provinces belonging
to the now united Greek Church are also to be re-
presented, but only for matters of religion and
public instruction.

AUSTRALIA.

QUEENSTOWN, THURSDAY.

The Ocean Chief, from Melbourne, 72 days out,
arrived off Queenstown to-day. She brings 22,970
ounces of gold.

She landed mails and passengers, and proceeded
immediately for Liverpool.

FRANCE.

PARIS, THURSDAY EVENING.
THE FRENCH BUDGET.
The Budget for 1862 has just been laid before the
Corps Legislatif. The detailed estimates are not
yet published. From the statement it appears that
the estimated expenses amounted to 1,929,448,725 f.
(nearly 80 millions sterling), whilst the estimated
receipts are set down at 1,941,030,350 L, showing
an excess of receipts over expenditure of 11,581,550 f.
(nearly half a million sterling). I have read very
carefully both the projets de loi and the expose des
motifs, but I have not been able to discover how this
delightful result is arrived at. It is probable that
the truth will be elicited on the subject in the Corps
Legislatif. The estimated expenses show an excess
'Of-upwards of 31 millions of francs overlbe budget of
JB6l. There is an increase in most of the " chapters,"
INWlrthe largest. increase is shown in the military
estimates. The expose des motifs has the follow-
ing on the subject :-
1 • ........, 2 " X.. La. v.Lunates
of the Ministry of War. It is due to the necessity
of providing not only for the expenses of the re-
serve, and also to a change in the effective strength
of the army, which is intended less to increase the
active force of the army than the regularisation of
that which you have more than once acknowledged
to be necessary for the defence of the country in
time of peace. The increase is also owing to the
reorganisation of the artillery and the military
train ; to the extraordinary manufacture of powder
for the finance and navy departments; to the in-
crease of salaries below 1,200 f. a year; and to the
addition of 3c. per man to the mess fund, to im-
prove the food of the troops."
The war estimates for 1862 show an increase of
26 millions odd (upwards of one million sterling)
over those for 1861.
The sitting of the Senate yesterday was only
important by the demonstration of the clerical party,
60 of whom voted for an amendment in favour of
the temporal power of the Pope ; it was negatived
by a majority of 10, 79 members having voted
against it. l'he President of the Council of State,
M. Baroche, made an important declaration. He
said the French Government could not protect the
Papacy against itself :—..
''t What had the French Government engaged to
do ? It had engaged not to withdraw the French
e
within the last few days occupied
F
which the troops of the Ring of Sar-
dinia had disputed? There was also the language
which the President of the Council of State had
employed on the 12th April, 1860, and which the
honourable Cardinal bonnet had partly cited in a
previous sitting. It indicated the duties of a pro-
tecting government towards the cne which received
counsels. These duties he did not deny; but he
would remark that Cardinal bonnet had said
nothing of what made the counterpart of these
words. Ile had examined, in fact, the case in which
the Government protected reviled the counsels of the
protecting Government, and he had shown that the
guarantee for the advantage of the latter could
only result from reciprocal engagements. A govern-
ment could not be governed against itself. They
well knew the view of the Empem's Government,
what it had determined and done, it spite of England,
against Piedmont. They knew the present state
of affairs ; and that if the Pepe 'stained his tem-
poral power, he was indebted to the Emperor for
it. (Hear.) It was for that reason he thought
the amendment useless. They should continue to
place their confidence in the monarch who covered
the Papacy with the French flag, and had been the
faithful sentinel of Rome and the Pontifical throne.
The army at Rome had well fulfilled its duties for
12 years. Let the Senate, mindful of the past, have
confidence in the future. That was what the draft
of the Address proposed, and it seemed to him that
all opinions might meet on that ground, and all
consciences be satisfied. (Loud applause.)"
BOURSE, March 7.—The arrival of the English
funds with lower quotations has had no effect on
the firmness of the market, which has obtained a

slight improvement ; business, however, remaining
as restricted as can possibly be imagined. For the

Account, Threes, which opened at 68f sc, are now at
_ _

68f 10c.

The following are the last quotations :-
4f per'per Cents ... 95 751' Credit Fancier 930
Do. end month.... Belgian 41.. 99 50
3 per Cents
Do. end month 6B 15' Roman
Bank Shares 2890 Austrian
Credit Mobilier.... 658 751 Spanish Threes,. •
Do. Account 657 50; Home Debt .....• 47 25

RAILWAYS.
Cash. Account.
Orleans
1425961
25 .. 1946222
5500
Northern
New ditto
Lyons and Mediterranean 948 75 .. 918 75
Geneva 375 • . 375
Southern
Western ... 561 25 .. 560
Eastern
Sardinian
Austrian _ 480 .. 482 50
Lowbard -

THE ROYAL NAVAL VOLUNTEERS.-62) seamen
have joined the Royal Naval Volunteers on the Tyne.
This is the largest number enrolled next to London.
It is understood that Messrs. Dent, Palmer, and
Co., the contractors for the Turkish Loan of 1858, are
adopting all the steps in their power, by protest and other.
wise, to prevent any future breach of agreement by the
Turkish Government as regards the mode of collecting
mad remitting the funds specially hypothecated for the di.
vidends on that stock.
Tne final and positive intimation regarding the
payment of the bills of M. Mires falling due next week is
still awaited from Paris, but the belief is maintained that
they 7111 be proYided for,