The Sun.
London, England, 1850-02-27 00:00:00

LONDON, WEDNESDAY EVENING,

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The National publishes the following letter, which
M. LEDRU ROLLIN has addressed to the editor of the
Patrie :

" Sir,—l am not in the habit of contradicting all the
inventions that are propagated about me, but that which
is contained in your number of the 22d February car-
ries with it such an affirmative character, that .I feel my-
self obliged to contradict it. I have never had a come-
rence with Lord Parlmerston—l need not add I have
never demanded one.

" Notwithstanding, then, the exactitude of your in-
formations, your account is thus an invention from be-
ginning to end.
" Yours, Sco..

" LEDRIT-ROLLIN.

•
" London, Feb. 23, 1850."
The debate on the Public Instruction Bill still con-
tinues, and the members of the parti-pretre, incapable
of supporting this cause by argument, seek to put
down their opponents by noise and interruption.
In the course of the discussion on Monday,
M. JULES LEROUX moved - as an addition
to the 83d article, a proviso authorising
any citizen who should have previously made the
required declaration before the Municipality to open
a course of lectures on any subject relating to in-
struction, professional or otherwise, provided no per-
son were admitted to such lectures who was not more
than 15 years of age ; a proposition worthy at least
of consideration. The DE MONTALEMBERTS and the
TBIERS, and the DE FALLOUX, the biographers of
saints and defenders of inquisitions, the apolo-
gists of the imprisoners of GALILEO and pane-
gyrists of the massacre of St. Bartholomew, would
not, however, listen to it, and they actually
proposed and carried a proposition that M.
Lnnoux should not be heard, and they rejected his
proposition by a majority of 467 to 146. It would
really appear as if these gentlemen desired to make
apparent to all the world the necessity for a new re-
volution, and to justify beforehand any excesses of
which the promoters of that revolution may be guilty.
According to the Presse, M. Durtz4T has resigned
the office of President of the Assembly, in conse-
quence of ill health.
The pamphlet of M. LEDRU Roman, entitled Le
24 Fevrier, has been seized by order of the Procureur
de la Republique. Several election placards have
also been seized.

The list of candidates prepared by the reactionary
club of the Council of State does not give satisfaction.
The Union complains that it does not contain the
name of one Legitimatist, and refuses to accept it; and
the Dix Decembre, a Bonapartist journal, but op-
posed to the Ministry, puts forward a list of its own,
consisting of General PIAT, M. BONJEAE, and M. A.
THAYER. _

The PRESIDENT of the Republic has ordered the
liberation of another portion of the insurgents of
tune, detained at Brest and at Cherbourg..
The Moniteur contains a circular addressed by the
Minister of the Interior to the Prefects of depart-
ments, recommending the establishment throughout
France of banks of loan on honour. These institu-
tions are exclusively intended for the relief of the
labourers and indigent classes, and no loan is to exceed
the sum of 200 f.

Letters from Brest of the 22d state that the expe-
dition for La Plata, consisting of the steam-corvette
the Caffarelli, the sloops. of-war the Egerie, the Aube,
and the Manithe sailed on that day.
At the sitting of the Assembly on Monday M. Casi-
mir Perier having ascended the tribune to deposit on
the table the report on the Bill relative to the credit
of 527,000 f. intended to pay the dividend due on the
Greek loan, M. Piscatory rose and insisted on the re-
port being publicly read.
The Assembly having acceded to the demand, M.
Casimir Perier said, that civilized Europe had already
protested against the untoward aggression directed
against Greece ; but the attitude assumed by France
in the affair imposed on the committee the imperious
duty of observing the strictest reserve. He trusted
that it would be equitably adjusted, and placed every
confidence in the justice of the great nation
which had guaranteed with France the
independence of the Greek kingdom. France,
however, owed her feeble ally a mark of sympathy
and an efficacious support. The moment, however,
was not opportune to discuss the question. The:com-
mittee had heard the explanations of the Minister of
Foreign Affairs, who assured it in the most formal
terms, that the negotiations would be conducted in a
manner becoming the honour and dignity of France.
The Assembly afterwards declared urgency, and
fixed the discussion for Wednesday.
The President of the Republic drove out in an
open carriage on Sunday with two servants in green
livery behind. The throng prevented him from
moving otherwise than at a slow pace and findingit
difficult to return all the salutations he received he
remained bareheaded nearly all the time, and was
constantly engaged in bowing to the right and left.
He was hailed with a respect that very nearly ap-
proached enthusiasm, and frequent cries issued from
the crowds of well-dressed persons of " Tire le Pre-
sident, Viee Napoleon .0
As the President turned from the Champs Ely-
sees into the avenue leading to the Elysee, the crowd
was so dense, and the rush so great to see him, that
not only his carriage but the entire line of vehicles
of every kind was brought to a stand. Not a
single gendarme, sergeant de ville, or other func-
tionary was visible; and it was only by the exertions
of the two servants who beckoned to the people to
allow him to enter that at length a passage was made,
and the Prince moved slowly along, accompanied to
his very door by the crowds, and hailed with
cries still more frequent and of more fervid affection
than even before, and to which he responded with
respect and gratitude.
PARIS BOURSE, Fan. 26.—Latest Prices—Five per
Cents., 95f. 75c.; Three per Cents., 57f. 65c.; Bank
of France, 2,290 f.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE. FRB. 26.
Boulogne and Amiens, 6%—East Indian, 554 Ditto,
22'4 Luxembourg, I—Namur and Liege, 7—Orleans and
Bordeaux, 3 Paris and Strasbourg, 5% Rouen and
Havre, 9,4.

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

The sales of Cotton at Liverpool yesterday were esti-
mated at 5,000 bales, of which 2,000 American were
taken on speculation. The tone: of the market was
flat.—Railway Shares were very dull and at lower
prices.
The Indigo auctions have been brought to a conclusion.
Since the first day the sale, with but little exception,
has gone off very heavily, and the advance of 4d. to Bd.
per lb. then ra►d, has not been maintained, not-
withstanding the support given by importers, who,
as the sale progressed, became more willing
sellers, at rates varying from 3d. to 6d. per lb. above
the October rates. This article, like many others, at-
tracted the attention of speculators at the commence-
ment of the year, and an advance of 6d. to Bd. per lb.
was generally current; the result, however, of the pre-
sent sale cannot be considered to have established a
greater rise tha❑ from 3d. to 4d. per lb. upon October
prices. The bulk of the purchases made has been on
foreign account; the home trade have bought but
sparingly, and for immediate wants ; those
who hold stock have been mostly content to
wait for the May sale ; the greatest competi-
tion has been for Kurpah Indigo, of which
there was but a small proportion offered, and this des-
cription may be said to have gone the dearest, and Ma-
dras the cheapest, in proportion to other sorts. Of the
quantity brought forward it is estimated that 3,492
chests are bought in, 4,377 withdrawn, 6,500 sold, to
which may be added about 500 of the bought is and
withdrawn, making the total quantity sold 7,000 chests,
of which about 4,000 are for export, 1,500 for home use,
and 1,500 for sale.
The accounts from abroad are more satisfactory upon
the condition of the Stock-markets in some of the prin-
cipal cities. At Amsterdam there was more buoyancy
both in the home and foreign investments.
There are no colonial or other ship arrivals with later
intelligence.
At the meeting of the shareholders in the Whitehaven
and Furness Railway Company, held this morning, it
was stated that the average earnings on 16i miles had
been nearly 100/. a week, and the directors state in their
report, which was agreed to nem. con., that—

" It will be seen that with six further miles of the
railway to complete forthwith, and eleven miles more
upon which the works are in progress, and likely to be
finished in the current half-year, the 21. per share re.
maining uncalled must be speedily paid up.
"This payment, with the arrears of ealls, and the
sum to be r aised on debenture in respect of which the
company's powers remain unexercised, will be sufficient
to complete the railway and purchase the further rolling
stock required.
"On the completion of the whole line the directors
look for the development of a through traffic of con-
siderable importance, by means of steam-boats between
Piel Pier and Fleetwood, and between Piel Pier and
Poulton, in connexion with the North-Western Railway.
" This latter route will open up a direct communica-
tion between the manufacturing districts of Yorkshire
and Whitehaven, and so with the north of Ireland, which
carries on an extensive trade with Yorkshire.
" The directors continue to bear in mind the import-
ance of a connexion by railway with the harbour of
Whitehaven, and with the Whitehaven Junction Rail-
way; and ;bile the resources of the company will at
present be applied to the completion of the main line, no
opportunity of carrying these subsidiary objects into
effect will be lost sight of.
The resident engineer remarks that—
" The works on the portion opened in July last conti-
nue in a good state of repair. The goods and mineral
traffic is steadily increasing. and will, I have no doubt,
continue to do so, as the line is progressively opened.
The opening to Bootle will bring a very considerable
addition to that description of traffic; and during the
summer months we shall, I expect, have a large passen-
ger traffic.
" The opening to Bootle will greatly facilitate the
through traffic, as it will reduce the coach travelling
six miles, and that the worst portion of the road.
" The expenses of working the 16i miles between
Whitehaven and Ravenglass have been about 60 per
cent, of the receipts, but there is every probability of the
earnings being very much increased, with a very little
addition to the expenditure.
" I am able to add, that• nothing has occurred dur-
ing the half-year to alter my opinion that the rail.
way may be finished within the estimates already
submitted to you, showing the cost to be under 10,0001.
per mile."
The English Funds have recovered partially their
buoyancy, and although they opened heavily, a better
feeling has arisen within the last few days. Consols
have been 94i to 94j for Transfer, and 94i to 95. The
present values are 94i to 95. The New Three.and-a--
Quarter per Cents. are 97i to 97i, and the Three per
Cents. 95 to Bank,Stock is worth 207; Exchequer.;
bills are 545. to 575. premium, and India Bonds 84s. to
88s. premium.

In the Foreign Market the transactions have been
again rather limited. Mexican have realised 29i i, and
Brazilian New 87 to i. Peruvian have been dull at 78
to i for the Active, and the Deferred at 341 to 4, al-
though the prices come higher from Amsterdam.
Portuguese Four per Cents. have been 314 to 324.
Russian Bonds are worth 1094, and the Scrip is It to 14
premium. Spanish Three per Cents. are 364.
The decline in Railway Shares still goes on, and no
one seems disposed to support the market. Even
South-Western, after yesterday's comparatively satis-
factory meeting, are depressed.

ONE
O'CLOCK.

PRITIBII FITNDzi

8 4nk Stock

207

CLO• G
PRICES.

g per Cent. Reduced Anne ...... 95 95% 951
3 per Cont. Consols Annuities 94%%e% 95%
New 314 per Cent. Anna... ...
Long Anne. to expireJan.lB6o -16 8% 8%
!ndia Bonds, 1,000!.
Ditto under 1,0001.. ....... .... BB 84 p 84 p
South Sea Stock
Ditto New Annuities ... 941/8 946
Consuls for Account 94%X% 95 95,4
Exchequer Bills. I'd. tit. 2cl
1,000/. June 54 57 p
500/. June
Small. June 54 57 p
PRICES OF FOREIGN FUNDS.

67 p
57 p
57 p

CLOSING
PRICES.
4 rtraziliani Bonds — 89
Ditto, Small
Ditto, New, 1829 and 1839
Buenos Ayres Bonds, 6 ner Cent — 57
Danish Bonds, 1825, 3 per Cent.
Ditto 5 per Cent...., 99
!Remain, 5 per Cent.lB46, with Coupons—
Ditto, Ex Jan. Coupons ..-
Ditto, Account
Peruvian Bonds, 4 per Cent
Ditto Deferred
Portuguese 5 per Cents.
Ditto, 4 per Cent.
324
Ditto, Account
1091,4
Russian Bonds ... ...............
Ditto Scrip
Spanish 5 per Cent. 1840 .........
Ditto. 3 per Cent
Venezuela Bonds, 21,i per Cent
Dividends on the above payable in London
French Rentes, 5 per Cent —95 f. 12%c.
Exchange -25 f. 50s.
French 3 per Cent
Exchange
Dutch 2% per Cent., 12 Guild. .. 551/8
86
Ditto. 4 Der Cent. Certificates —

t7NE
O'CLOCK.

9914

PRICES OF p BUSINESS DONE CLOSING
KAILWAY SHARES. AID. AT ONE O'CLOCK. PRICES.
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20 ...... 27
Bristol and Exeter...... 92 ...... 63
duckinghamshire ...... 171,4 ..... 163/4 17 . 17
Caledonian
Lhester and Holyhead... 50 ...... 1014 ..
Eastern Coma tie 5........ 20 ...... 7% 6% MI
Do, New Pref.rence,
Fr per Cent- • ...... 10 ...... 11%
Ditto,Extension, 5 per
Cent., No.l 61.135. 4d.... p
Ditto ditto, No. 2...61. 138. 4d... % p
Eastern Union, Class A
(late E. U. Shares) 26
Pref. 2102 %....:....: 160 5%...........
2114
1,6
25
EEasaDstto.LlSinnrieocapinss(h6ihrpireeer,cegnuta..r).
2250 .. ....-9
IA .. ...... :: . :::::::. —3.:
6 per Cent. .. ......... 2714.. . ..
Great Do. , N 5 opret hr ern
Cent....p• •r;
........... ......... 17014E1
10%
Great Western ........ ....100
Ditto, 1,4 Shares ...... 25
...... ....•. .. 14
Ditto. New
NFifewth51.7.1.................. 2105
...
_. 10734
Lancaster and Carlisle... 50
Lancashire& Yorkshire 100
Do. Fifths...
London &Blackwall...ll/. 65. 3d 3%
London, Brighton, and
South Coast._ .....100 • ..... 791014 79
Do. Guarant. 5 per ct.. 9 ...... ••• ••
Do. Prefer. 5 per cent. 50 ...... — 573/4
1, on don and Greenwich 12/15s 4d...• 103/4.. ,
.. .
.... 103/4
London and N Western 100 .......104% 104 1051,4 105
Ditto, New Quarters.. 12 ...... .12 !IN .. il34
--_

11N

- P
34P

2
32

Ditto, Fifth.l2 12
Do. 10/. ( X & B.) C.
1 4... ....... ... 114
London &S.Western ..100
Midland ..... ...a.O ..... 40 ...... 40th
Do.Consol. Bristol and 1 ... .. 12 121/8- ......
Do., do., 501. Shares 30 ... .. 41414% 4%
Birming., 6 per ct.... 100
22 %
North British ........ ... 25 , 10 ... .. lO
Ditto, Halves '..
Ditto Preference ..... 5
North Staffordshire...
17% 6% .............. . 6%
Oxford, Worcester, and
Wolverhampton
Shropshire Union
South Devon
Do. Preference ...... 25 ...... -..
Reading, Guildford, and
Reigate l5 ..... 147, 15
Scottish Central
South Easte-n
South Wales
Wear Valley 6 per Cent
Guaranteed ... ... - ••••
Do. do. d 0.... 25 ...... 25%.......... .....
York, ;Newcastle, and
Berwick..... ..,........ 25 ...... 14%,... .........
Do. Newcastle Exton. 20 ...... 8 8%14 %......
Do. G.N.E.Prefercnce 8 ... .. 1%%
li%
York and North Midlrid 50 ...... 17...
Otto Preference ...... 10
FOREIGN RAILWAR..
Dutch Rhenish ...... ~. 8 '"'
...
****
East Indian .... 5 -
Luxembourg
Namur and Liege •
...... 20 ... .. 7 6%
Northern of France...... 16 ...... 13%
Orleans and Bordeaux.. 7 •••••• 3
Rouen and Havre ...... 20 ...... 91/s

9S

1314
18%
1694

25%
144
81/,
1%
17%

134
5%
133/,„
2%

MINES.
United Itexican 28% ...... 7 rq 7 7
JOINT STOCK BANKS.
Union se AlutaliA , 25 ... rm .. rt.. 09111 43/4,