The Sun.
London, England, 1850-05-18 00:00:00

became our solid and permanent point d'appui in all rea-
sonable transactions."

The Presse concludes as follows :

" Beneath this affair there is one of greater moment,
nothing less, in fact, than a new state of things, which
the want of foresight of our Cabinet, and the perfidy of
its anonymous advisers prepare for France—and what
state of affairs ! Under the monarchy France might at
her will adopt either the Russian or the English alliance.
From the option between these two alliances proceeds
all her political conduct in Europe, and particularly in
the East. On the day after democracy had consti-
tuted its Government, Russian alliance, which is essen-
tially anti-democratic, became an impossibility for our
country. Good relations with England, which is power-
fully constitutional and liberal, are, therefore, the conse-
quence of a democratic constitution in France. It is by
this federation, written or not written, of the two great
liberal powers, England and France, adding to it Spain,
a part of Italy, and constitutional Germany, that Europe
can alone be guaranteed against the exorbitant weight of
the Russian empire, leaning incessantly against the
liberty of the continent. It is also by this system that
the liberty of the Mediterranean for our commerce and
for our exports;—that the security of Algeria fur the
increase of our colony, which is now more necessary
than ever, and that the inviolability and the integrity
of the Ottoman empire, that formidable rampart against
Russia, may be secured to us. It must be admitted
that this instinct of things was admirably understood
by the English Cabinet at the advent of the
Republic. The writer of these lines himself saw, a few
hours after the 24th of February, in the Cabinet of
the French Foreign-office, a letter from Lord Wellington
in reply to a verbal overture of M. de Lamartine,
giving a certainty thilt England would understand the
new state of the world. The coincidence of the ex-
plosion of the revolution, with the existence of the Whig
Cabinet of Lord Palmerston, was a piece of good
fortune for the revolution of February, and for the
necessary maintainance of the peace of Europe. If
there had been at that time an illiberal, anti-democratic,
anti-French cabinet in London, imbued with the maxims
of Burke and the traditions of a Pitt, a monarchical
coalition would have immediately taken place against
France. An opportunity has long been sought to over-
throw this liberal :ministry. It is thought that one
has at last arrived in this miserable Greek affair,
all the interest of whieh does not go beyond an account
of some thousands of drachms, to be settled between
the treasury of Athens and the English
proteges. How new is this susceptibility! We showed
no anger when Russia marched 80,000 men into Hun-
gary; when Austria sent 120,000 men into the plains
of Lombardy; when Venice fell, after a heroic resistance;
we accepted and submitted to all; and now we break up
the equilibrium of the world for 60,000 drachms of dif-
ference in the addition which an English Vice Consul
makes for the damage caused him by the demolition of
his furniture and the pillage of his house. And it is to
this that we would sacrifice the peace of Europe, manu-
factures which begin to acquire activity, commerce and
labour which revive, our exports, our ports, our nary,
and in fine, our only natural alliance in the world."
The Presse was once the organ of the party which
advocated the Russian alliance, acknowledging which
it now says—
The revolution and the Republic of February have
displaced the pivot of our alliances, transporting it logi-
cally from St. Petersbargh to London."
The Credit says—
"lt is perhaps hoped to revive by the aid of a little
charivarism, a popularity which has been so deplorably
compromised in the domestic affairs of the country. The
Government, we hope, will not be long in seeing
from certain signs that France is no longer disposed to
sacrifice her liberties to some tinsels of glory; that she
has no greater inclination to fight with England than to
submit to the patronage of Russia; and that if onr
Marlboroughs wish to go to war to fetch up their af-
fairs, they will not form their cortege with the children
who are now devoted to works of peace, nor a tittle of
their republican institutions."
It is said that the PRESIDENT of the Republic is
deeply offended with his Ministers for having pre-
sumed to recall the Ambassador from England with-
out consulting him on the subject, and that there will
probably be era long a change of Ministry The
probability of the passing of the new Electoral Law
is becoming less and less every day. Upwards of
sixty petitions, all most numerously signed, were
presented against it yesterday. The petition against
it at the office of the Presse received 10,000 signa-
tures against it in the course of a few hours. M.
Leort FOUCHER did not yesterday present the report
on the law as had been expected.
PARIS BOURSE, FRIDAY, MAY 17.

The market has acquired more firmness today, from
a general feeling of confidence that the misunderstand-
ing between the French and English Governments will
be amicably settled, and prices from the opening kept
gradually improving, Threes for account closing at 54f.
45c.; and Fives at 87f. 45c. The market closed as fol-
lows:—Threes, for cash, 54f. 40c., for account, 54f. 45c.;
Fives, for cash, £7f. 40c., for account, 87f. 45c.; Bank
of France Shares, 2,047 f. 50c.; Spanish Threes, 38f.
50c.; Neapolitan, 961.

RAILWA.If S.—The Share Market continues heavy, but
prices have not materially varied. Orleans closed at
697 f. 50c.; Rouen, 501 f. 25c.; Havre, 203 f, 75c.; Bale,
102 f. 50c.; Bordeaux, 387 f. 50c.; Northern, 406 f. 25c.;
Paris and Strasburgh, 318 f. 75e.; Nantes, 218 f. 75c.;
Monteresu, 96f.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, MAY 17.
Boulogne and Amiens, 531—Central of France (Orleans
and Vierzon), 12—Northern of France, 1 IA —Orleans and
Bourdeaux, VA—Rouen and Havre, 7%.