The Sun.
London, England, 1861-02-28 00:00:00

ITALY.

On the 24th inst. the city of Turin offered to the
King a crown, the produce of a subscription to
which nearly all the inhabitants had contributed.
At the same time a deputation presented to his
Majesty the following address, composed by the
senator Cibrario

"Sire,—Although you Majesty, from natural
inclination, as well as through the great mission
you have received from Divine Providence, is a
citizen of Italy, the inhabitants of Turin, neverthe-
less, cannot forget that this city was the cradle
where love for our great Italian native country
came to maturity in your generous soul, and where
the vast projects were planned that were destined
to accomplish the independence of the glorious
Peninsula.

" Therefore the inhabitants of this city, jealous of
its glories, have thought that as soon as this diffi-
cult mission should be accomplished, it belonged to
them to offer to your Majesty, upon your return
from the beautiful provinces recently united to the
monarchy, a crown that shall be the emblem of the
union of those warlike virtues that are the inherit-
ance of the princes of Savoy with those civic virtues
necessary to the accomplishment of the great work
—ltalian unification.
"We lay, sire, at the feet of your Majesty this
humble homage, praying you to take into considera-
tion the modest nature of the gift, regarding rather
the gratitude and devotedness of those who make
this offering, and rather still its deep significancy.
"Long live the King of Italy."
The crown consists of two branches of laurel and
oak interlaced, and of a diamond star. On the gold
band uniting the two branches is the following
inscription, composed also by the Senator Cibrario,
who has a reputation for matters of this kind :
" Vittorio Etnanueli IL, Italici Imperil Restitutori,
Cives Taurini, 1860."
A letter from Turin, Feb. 23, says :
" After numerous discussions in the council, it
has been decided that the King shall assume the
title of Victor Emmanuel 11., King of Italy, and
not Victor Emmanuel 1., King of Italy. The formula
by the grace of God' has bean suppressed, and is
to have no substitute. The title therefore will be
more majestic by reason of its simplicity."

AUSTRIA.

VIENNA, FEB. 28.

According to advices received here from official
quarters at Turin, General Klapka, in the Con-
gress of Democrats assembled in that city, is said
to have spoken against the outbreak of a revolu-
tion in Hungary, for which he represented that
country as being at present unprepared.
The insurgents from the district of Jenibazar to

the number of 5,000, supported by Montenegrins,
have forcibly entered Bihar, killed more than 50
Mahometans, among whom were several women,
pillaged the city, and finally set fire to it.

PRUSSIA.

BERLIN, THURSDAY.

Prussia has not, up to the present time, given in
her acquiescence to the recent French project in
reference to Syria.

A2tiERICA.

LIVERPOOL, WEDNESDAY.
The Cunard screw steamer Kedar has arrived
with New York advices to the 14th.
The counting of votes for President commenced
in Congress on the 13th, when Abraham Lincoln
was declared President, and Hannibal Hamlin Vice-
President of the United States, for four years from
the 4th of March next. The following is the vote :
—Lincoln and Hamlin, 180; Breckinridge and
Lane, 72 ; Bell and Everett, 39; Douglas and
Johnson, 12.
In the Senate, on the 13th, the Tariff Bill was
under consideration, when Mr. Seward gave notice
that he should move to strike out that portion of
the bill abolishing the warehousing system. In
view of the pressing embarrassments of the Treasury
Department from lack of means to meet indispen-
sable obligations, Mr. Sherman, the Chairman of
the Committee of Ways and Means of the House,
reported a bill authorising the President, in place of
any part of the recent loan, to issue coupon bonds
of a denomination not exceeding 50 dols., and bear-
ing not exceeding 6 per cent. interest, and running
20 years, and apply such bonds at par to the credi-
tors who may receive them, the entire amount not
to exceed that authorised by the recent Loan Act.
The Secretary of the Treasury had sent the follow-
ing urgent appeal to Mr. Sherman, Chairman of the
Commitiee of Ways and Means

" Treasury Department, Feb. 13.
"Sir,—lt is indispensable that I should give to-
day notice of a loan of 8,000,000 dols., in order that
the Government may be in funds to meet indispen-
sable payments on the Ist proximo. The obstacles
unexpectedly thrown in the way of the passage
of the bill reported by your committee yester-
day, authorising the acceptance of the guarantee
proffered by several of the States, compel me reluc-
tantly to ask for the loan on the usual terms; for,
in the present distracted state of the country, should
it continue, I fear there must be a loss of 800,000
dols. Under all the circumstances, however, instead
of calling for 2,000,000 dols., as I suggested in my
letter to you of the 11th inst., I have thought it
advisable to ask for 8,000,000 dols., reserving the
right of declining to accept bids which may be
deemed disadvantageous to the United States, and
taking the chance of a favourable change in the
political condition of the country within the next
10 days, at the end of which proposals for the loan
will be received. Allow me to remind you that the
Loan Bill, under which I ask for proposals, was not
presented for the approval of the President until
the Bth inst., and that on the 9th inst,, Saturday,
there was not a quorum of your committee to act
on the bill reported yesterday accepting the gua-
rantee of the States. I advert to these circumstances
to exonerate myself, in the judgment of those who
have an interest in the discharge of tha liabilities
pressing upon the Treasury, from any want of
diligence on my part. Your committee, I believe,
all understand that more than 5,000,000 dols. of
Treasury notes have been redeemed out of the cur-
rent revenues, and that about two millions more
fall due before the 4th of March, ldss the amount
to be paid in for public dues, making nearly the
8,000,000 dols. now required to meet the public
wants before that day; that more than one-third of
the revenue derived from the Customs is paid in
Treasury notes, due at a future day ; and that the
present embarrassed state of the Treasury arises
from the operation of a paper system which com-
pels the Government to anticipate the payment of
its debts out of its current receipts. As I have de-
cided to issue the notice for a loan to-day, I am
constrained to request that the bill reported yester-
day may not be acted on, as the expectation of a
call for a loan at a future day on guaranteed stocks
could not fail to have a very disadvantageous effect
on the proposals to be made for that now asked
for."

The Secretary of the Treasury had advertised

for proposals till the 23d inst. for the 8,000,000
dols. loan under the late Act, successful bidders to
deposit the amount accepted on or before the Ist of
March.

Respecting the Conference at Washington the
correspondent of the New Fork Herald says :
" The Peace Convention met to-day at 12 o'clock,
and were informed by the committee that they had
not yet agreed upon a plan of settlement, and asked
for further time. The Convention gave them until
Friday, when the committee thought they would
be able to report. The indications are, from the
votes that have been taken, that the plan submitted
by Mr. Guthrie will be the one adopted. They
may vary it somewhat, but the basis will be Guth-
rie's, and it will be sustained by the border States,
both free and slave. The New England States,
with some others, will oppose this, and probably,
bring forward either Corwin's or Adams's propo-
sitions. But for these outside States, the border
States would have agreed some days ago. Mr.
Guthrie's proposition was the particular one de-
bated to-day, and it is said that Mr. Logan, of
Illinois, one of the confidential friends of Mr. Lin-
coln, is in favour of it. He would prefer some
trifling alterations, but if they cannot be obtained
will take it as it is."
Ex-Secretary Floyd had indignantly denied the
charges made against him.
The strictest precautions continued to be taken
at Washington for the suppression of disorder.
Mr. Lincoln's journey continued to be a trium-
phant one. At Columbia on the 13th he said:—
* " Mr. President and Mr. Speaker and Gentle-
men of the General Assembly,—lt is true, as
has been said by the President of the Senate, that
very great responsibility rests upon me in the posi-
tion to which the votes of the American people
have called me. lam deeply sensible of that weighty
responsibility. I cannot but know what you all
know, that without a name, perhaps, without a
reason why I should have a name, there has fallen
upon me a task such as did not rest even upon
the father of his country, and so feeling I cannot
but turn and look for the support without which
it will be impossible for me to perform that great
task. I turn, then, and look to the American
people and to that God who has never forsaken
them. Allusion has been made to the interest felt
in relation to the policy of the new Administra-
tion. In this I have received from some a degree
of credit for having kept silence, and from others
some deprecation. I still think that I was right.
In the varying and repeatedly shifting scenes of
the present and without a precedent which could
enable me to judge by the past, it has seemed fit-
ting that before speaking upon the difficulties of
the country, I should have gained a view of the
whole field, to be sure, after all, being at liberty
to modify and change the course of policy as future
events may make a change necessary. I have not
maintained silence from any want of real anxiety.
It is a good thing that there is no more than
anxiety, for there is nothing going wrong. It is
a consoling circumstance that when we look out
there is nothing that really hurts anybody. We
entertain different views upon political questions,
nobody is suffering anything. This is a most
consoling circumstance, and from it we may con-
clude that all we want is time, patience, and a
reliance on that God who has never forsaken this
people. Fellow-citizens, what I have said I have
said altogether extemporaneously, and will now
come to a close."
Advices from Fort Pickens, Pensacola, report
that five of the Federal steamers were off the port.
The State troops continued to threaten an attack on
the fort. From Charleston we learn that the State
Government was strengthening Fort Moultrie. The
South Carolinians had erected an impregnable bar-
rier of railroad iron on Cummings' Point, at a point
so near the fort as to enable them to do much mis-

chief.
The Louisiana State Convention bad adjourned
until the 4th of March.

BEGINNING WORK,—The first report of the Com-
mons' General Committee on Railway and. Canal Bills
which have been read a second time, states that the com-
mittee have arranged 131 bills in 19 groups. Groups of
members are now to set to work upon them.
INSTITUTE OF ACTUARIES.—At the last ordinary meet-
ing of this institute, a paper by Mr. Tucker was read on
the a ibject of the returns made by the assurance eompani
to persons assured with them. The paper gave rise to an
animated discussion in consequence of its showing that,
under ordinary circumstances, there was very little corres-
pondence between the payments made and the surplus re-
turned ; and that in some cases the former were wholly
insufficient to enable the company to perform the promises
held out. The opinion was very generally expressed by the
members present that these promises were frequently of an
inordinate character, and that it was not possible for any
assurance company to continue to meet them for any long
series of years.

WEST INDIA MAILS.

SOUTHAMPTON, THURSDAY.

The Royal Mail steamer Seine, Captain Rivett,
with the above mails, has arrived. She brings 112
passengers, 1,585,586 dots. in specie, and 3,400
packages of cargo.

The Seine left St. Thomas's on the 14th of
February,
In Chili the canvassing of nominees for the next
Presidential election was proceeding. Senor Varas
had been called to accept the nomination.
The operations against the Araunca Indians had
not assumed any striking feature.
The Indians had burnt the pastures to obstruct
the progress of the Chilian cavalry.
The town of Coronel had suffered severely by
fire.

The house of Rauenseroff and Co. had sold out to
Bentley and Co.
The firm of Allsop and Co. had expired by limi-
tation, but was to be renewed at Valparaiso and
Lima.

The agitation in Lima respecting the rate of
exchange continued.
A great meeting of merchants on the subject was
announced for the 30th January, and was to be
held before the Minister of Finance.

It was stated that Mosquera, aided by Lopez,
Mendosa Gonzalez, and other notabilities, was
encamped before Bogota, and that he had been
pronounced by the States Magdalena and Bolivia
as Supreme Chief of the Confederation.
Great preparations were making at Barbadoes
for the reception of Prince Alfred. The weather
continued fine. Sugar operations were favourable,
and a fair crop was expected.
Exchange on London, at 30 days, was quoted
490 dols.

The Demerara Bank had declared a dividend
for the half-year at the rate of 8 per cent. per
annum.

A bill to provide for the extradition of convicts
from Cayenne was before the Court.
Trade was generally dull. Cargoes were in
demand.

At Jamaica business was dull. Money was
exceedingly light. The revivals bad materially
affected the supply of produce. In some districts
the labourers had refused to work. Coffee was
quoted 425. for cash. No Pimento at market.
Sugar, fair, 21s. to 225. ; dark, 168. to 20s. Ex-
change on London, 90 days, one.half per cent. pre-
mium.