The Sun.
London, England, 1850-01-21 00:00:00

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday
and of yesterday.
The discussion on the Education Bill was concluded
on Saturday. The measure was carried by a ma-
jority of 268, the numbers being—fur the measure,
455 ; against it, 187. The principal speakers were
M. CREMIEUX against: the measure and M. TRIERS in
favour of it.
The Moniteur publishes the following announce-
ment :
"The Assemblee Nationale pretends that there has
been an intention of replacing General Changarnier.
We are invited to give to this news, invent !d and repro-
duced with malevolence, the most formal contradiction.
The same union, funded on the same devotedness to the
country, continues to reign between the President c..,f the
Republic and General Changarnier."
General CIIiNGARNIER had a long interview with
the PRESIDENT of the Republic OD Friday.
General MANGAN arrived in Paris on. Thursday,
from Strasbourg, and immediately on his arrival waited
on the PRESDENT of the Republic.
The Opinion Publique has the following on the
subject of the Russian Loan :
" Two days ago we mentioned the sale of stock which
the Emperor of Russia had taken in the English and
French funds. Several people disbelieved the
inteili-
Rence. To these we would submit the following calcu-
lations :—By an imperial ukase the Russian Government
is selling in London Four-and-a-Half Fer Cent. stock
at 93f., which is equivalent, if anticipated payments c f
interest are taken into account, to selling Five per Cent.
stock at 100 f. On the other heed, the . ame (love) nineut
has a capital in the English Funds of 50,000,000 f; at,
three per Cent. Hence it follows that the Ewp:ror of
Russia borrows at five per cent. to sell at three. flow-
ever low we may take to be the intellect of M. Wroo-
tchenko, Russian Minister of Finance, one cannot sup -
pose him ignorant of the first ruin s of financial arithmetic.
To borrow at five when he has lent at three is not allow -
able, especially when such agents are in the
business as MM. Steiglilz and Baring, the
rivals of M. Rothschild. To this calculation we
may add this • considr ratien : The Emperor cf
Russia bas a capital in the Fr. nch funds of 50 millions,
on which, at the present rate, he loses about 22 per cep..
On the other hand, he tains 26 per cent. on the 50 mil
lions in the English funds. By liquidating both in
Paris and in London, the Emperor thus makes up his
whole original capital with.tut much loss. In the present
time, when money is wanted, asd when the French It:-
public is the creditor, it may be considered lucky to b'
enablel to make such a bargain. By simple financial
induction, therefore, we arrive at the facts which we hat e
announced from positive information. The liquidstien
of the French funds of the Emperor of Russia will prs-
bably last three months. It is a monthly sale of 16
millions on the Paris market. Add to this the French
capital which has been sent to London to form part of
the Russian loan; add also the Piedmontese and Aus-
tria❑ loans, which must soon fall on the foreign markets,
and calculate how much French capital will remain
for the Lyons Railway, or for a French loan, in case it
should be wanted. In all things the right time should
be taken."
The election in the Department of the Gard has
terminated in favour of the Socialist candidate. At
the close of the poll the numbers were—
M. Faysud (50cia1i5t)........ 29,697 votes
M. de Grail (Conservative).. 20,933 „
N. de Lourdoueix (Legitimist) 10,308 „
M. EMILE DE GIRARDIN has written to the Pro-
cureur• General a letter, declaring himself the author
of the article for the publication of which proceed-
ings have been instituted against the responsible
editor of the Presse.
The Debats publishes the following letter from
Rome, 10th inst. :—" If anything has been decided
at Portici with regard to the return of the Pore to
Rome, I should be inclined to regard that anything'
as an adjournment of the event for several weeks,
perhaps for several months. Repairs are in progress,
it is said, at the chateau of St. Felice, near Terracina,
and furniture sent there. If this double fact is true, it
gives an air of probability to a report which has been
in circulation for some time past among the partisans
of the most retrograde ideas, namely, the return of
the Pore into the Roman States, but not to reside at
Rome."
The Credit announces positively that the Govern-
ment has ultimately decided on sending ant xpedition
to Monte Video, to be composed of 1,500 troops of the
line, and 1,500 marines.
The Constitutionnel states that at a late Council of
Ministers a decision was come to on the affairs of La
Plata, and that Admiral PREDOUR will be charged
with the negotiations.
The Moniteur du Soir announces that the Pre-
fect of Police has given orders to remove all the dead
trees of liberty in Paris, and to collect information
with respect to any others which impede the passage
of carriages, in order to, their removal.
The editor of the Dix,-:Decembre, M. Lucas, is
about to receive the 'decoration of the Legion of
Honour.
Eleven of the insurgents of June, who had been
transported, and pardoned in the month of December
last, have been arrested on a charge of having con-
spired to assassinate the President of the Republic.
The Moniteur announces that Baron Stockhausen,
Mini,ter of the King of Hanover, has presented a
letter to the President of the Republic. notifying the
birth of a Princess, daughter of the Prince Royal of
Hanover.
Its the January number of the Nouveau Monde
we read the following exquisite message from M.
LOUIS BLANC to the address of M. PROUDHON :
"Not the brutal insults, to which a prison and an
arm of the tei aftird impunity, are incapable of moving
use, and I fling back to the ante chamber, his (Proud-
lion's) natural theatre, the insolence that has not eve❑
the merit f danger."
The Five per Cents. were done in the Passage of
the Opera to-day at 941.50 c."
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, JAN. 19.
Dutch Rhenish, '2
—Northern of France, 1.74 dis. ex in.—
Sambre and Meuse, 31/s,