The Sun.
London, England, 1850-05-09 00:00:00

THE FRENCH REPUBLIC

We have received the Paris papers of yesterday.
was yesterday crowded,
The National Assembly
as it was understood that two great events were to
come off during the sitting—the first appearance of
M. EUGENE SUE in the character of representative,
and the introduction, by M. BAROCRE, of the Elec-
toral Bill.
General BEDEAU having taken his seat as Vice-
President (the wily M. DUPIN cautiously abstains
from mixing himself up with this Electoral Bill), the
burly km and jovial face of EUGENE SUE were per-
ceived entering the Hall. He was dressed, as he al-
ways is, with the utmost care, and his hair and
beard had been trimmed with the greatest neatness.
He looked much younger than he really is (EUGENE
SUE is forty-nine), and seemed amused at the atten-
tion which his appearance excited. On entering he
went up to the bench occupied by MM. DE FLOTTE
and VIDAL, with whom he shook hands, and then
took his seat beside them.
At three o'clock M. BAROCHE, the Minister of the
Interior, ascended the tribune, and addressed the
Assembly as follows :
" I have the honour to lay upon the bureau of the As-
sembly a project of law having for its object to modify,
the electoral law. We consider the duty we have un-
dertaken to be of the most imperious charac:er. Com-
merce is paralysed by the existine law, which fills the
best-disposed minds with apprehension, caused by the
manner in which universal suffrage isnow exercised. The
question concerns the salvation of society. The condition
of residence, confined as it is to six months, appears to us
very dangerous. It serves to agglomerate certain votes in
the great centres cf population. The elector ought to find
himself placed under the eye of his neighbours, and
feel himself inspired by their gocd sentiments. The du-
ration cf domicile ought to be pros aged. We propose
to extend it to three years.—(Sensation.) By this
means the elector will not be surrounded by party pas-
sions. By what means is the question of domicile to be
proved? By the inscription upon the registry of the
amount of his personal contribution. You are aware
that all citizens Ought to have their names inscribed on
the registry, except the indigent. With regard even
to these we do not want to exclude them from voting,
and so we have sought other legal proof of three years'
domicile in their favour. Domestic servants will be con-
sidered to have three years' domicile after living so long
with their masters, and the same rule shall apply to
workmen lodging
in the establishments of their em-
ployers; also to public functionaries residing in the
offices where their functions are exercised; also to soldiers
and sailors in the communes where dwell their families.
:
We hope by these regulations to extract from universal
,
suffrage those vices which are given to it by passions.
We propose, in flue
to exclude all persons condemned
for crime and misdemeanour, all functionaries de-
prived of office on account of judicial sentences, and
all such as may be condemned for mendicancy or as
vagabonds. We propose, too, that in contested elec.
Cons, in case where the candidate havin: the majority
should not yet have obtained the fourth of the votes,
that there be three renewals of the scrutiay, and that
then, should the result not •be changed, that the candi-
dates having
the relative majority be declared to be re-
turned. With regard to the army, we propose that in-
stead of their being published beforehand, that the whole
be sealed and transmitted to the Prefects, to be con-
founded with the other votes. With respect to the time
f,r filling up
a vacant y the Bill proposes to extend it
from forty days to six months, at the option of the
Government."

The Minister concluded by
for the Bill. demanding urgency

M. VICTOR LEFRANC was about to speak, when
the vice-president in the chair, General BEDBAU, an-
nounced that a motion for the previous question had
been put into his hand ; it was at once put to the vote,
when there appeared_
For the previous question 197

question .... ....
Against .
................ 453
Majority against the previous
Generals
c.vv ueasltGi
....... ................................
thQM7 Mic i"litnY against the Ministers.
ED DE BOURGES then proceeded to oppose
the demand of urgency made by the Minister amidst
loud cries for a division.
General LE BRETON desired to speak, but gave way
to M. G. DE BEAUMONT, who denounced the Bill as
devoid of common sense, but Would vote for urgency
as a means of bringing the question more speedily to
an issue.

M. V. LEFRANC opposed urgency, because such a
Bill ought to be maturely considered.
The cries for a division became so great that the

chairman put the question of urgency, which was de-
clared by asses et leve, and the Assembly adjourned to
Friday.

That section of the moderate Republicans over
which M. COQUEREL, the Protestant Minister, pre-
sides. has determined to oppose the Bill for modifying
the electoral laws.

The PRESIDENT of the Republic visited the Fort
of Aubervilliers on Tuesday, and was well received
on the Boulevards, in the Faubourg Poisonniere and
La Vilatte. He was received with acclamations by
the workmen of the quarter, and their wives presented
him with bouquets. The PRESIDENT distributed se-
veral decorations to the men and officeis of long
standing in the service.

AI M. DE TINGIIT, DEMARETS, and TRON, have pre-
sented the following strange proposition to the Na-
tional'Assembly :—" If it should happen to the con-
stituted authorities to be paralysed in their action
by any event, the councils-general are authorised
to assume the authority immediately in their de-
partments, to collect the taxes, and dispose of the
public force until the re-integration of the regular
powers."

It is said that the reactionary majority of the
Assembly contemplate bringing in a Bill for the
restoration of capital punishment for political offences.,
but we can scarcely imagine that they can be so mad
as to pass a law of which at no very distant period
they must themselves inevitably become the victims.
The Bourse was animated, and Government stock was
in de wand at an advance. The Five per Cents., which
closed at 87f. 90c., opened at 88g. 30c., and rose to 881.
60e, at which they closed firm. The Three per Cents.
flosed at 55f. 25c.; the New Roman Loan, at 77i.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, MAY 8.
Boulogne and Amiens, 614—Central of France (Orleans
and Vierzon), 121/2—Eat Indian, sX—Orleans and Bour-
deaux, ',lX—Paris and Rouen, 18%—Paris and Strasbourg

MONEY and COMMERCIAL NEWS.
CITY, TW O O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 8,000 baler, of which 800 American, and
200 Braz.l were taken for export, and 2,000 American
on speculation.—Railway Shares were without alteration.
Tt.e six weeks' average price of Wheat is 37:. Bd. per
quarter, and the sales in the markets which make offi-
cial returns have Leen 83,533 quarters.
At the North and South American Coffee-house in-
forma ion has been received from Quebec, under date of
the 18th ult., advising the arrival out in 28 days of the
ship Manhet, followed by the John Bull. Three or four
other vessels were telegraphed. These are the earliest
arrivals since the year 1831.
Accounts from Belgium state that the Chambers bad
authorised the Government to form tele,,raphic lines of
communication on all the railways, and that the first to
be undertaken would be from Ostend to the frontier of
Germany.

The Amsterdam Stock Market on the 7th inst. was
firm for home securities. The Dutch Two-and-a-Halt
per Cents. were 554. Spanish were also a little in re-
quest. The Frankton quotation on the 6th inst. was
77i for the Austrian Meta Hies.
The defective system of savings' bank management,
and the frauds discovered, invest with special interest
the report of any institution which can show a
steadily and successfully pursued plan of operations,
extending over such a period as will afford some guaran-
tee that the results are not simply those of a lucky ex-
periment. The Provident Institution at St. Martin's-
place, Westminster, appears to claim pre-eminently the
honourable distinction not only of an honest, but like-
wise of au ably-managed establishment. At the desire
of Prince Albert, its president, a very rigid investigation
has been made into the state of its affairs, and a full,
though excellently-digested, report has been drawn up
by the gentlemen who undertook the task, viz., the
Governor ef the Bank of Englaud, Baron Lionel de
Rothschild, John Masterman, EEq., and Sir Edmund
Antrobus. Mr. J. Coleman the accountant appointed to
aid those gentlemen, bears high testimony to the system
carried out for checking the accounts. The institution,
he remarks, is the largest in the kingdom, the deposits
amounting to 1,193,582/, and was founded in 1816, the
deposits that year being only 8,3411., and its aggregate
operations since amounting to 8,699,4021. At an
average 1,560 deposit books are brought in weekly. The
surplus of assets is 16,239/., besides the building, &c.,
worth about 7,500/, and there has been no instance of
fraud on the p art of tiny efficer.
The settlement of the account in the English Market
has not hai any particular influence upon prices, but
the market is firm. Consols have been quoted 95f for
Transfer, and are now 95 ;.1. The Account values have
been 95,1- to 96. The French news acts upon the market
so far as checking business, but no stre et disturbances
appear to be expected, The New Three-and-a-Quarter
per Cents. have realised 964 to 97, and tf.e Three per
Cents. 941 4. Bank Stock has been at 2051 to 206 i, and
India Stock at 266. Exchequer-bills have been 68s. to
715., and India Bonds 88s. to 925. premium.
The transactions in Foreign Stecks have been cf no
moment. Spanish Five per Cents. have been 174, and
the Three per Cents. 37h to k. Peruvian Bonds have
been at 70k for the Active, and 30 for the Deferred..
Brazilian new ate steady at 854. Danish Scrip has
risen to 61 premium. Dutch Two 'and-a-Half per Cents
are 55} -1. Russian Scrip is 2i premium.
The last week's railway receipts, ascertained up to this
day, are in round figures as under:—A

1850. 1849.
Great-Western £16,025 £17,892
North-Western
South-Western
Brighton
' '
Midland 20,870 21,290
South-Eastern .... 10,160 8,281
The Share Market is not quite so high for some of
the lines dealt in, but the transactions have been ex-
ceedingly small.