The Sun.
London, England, 1850-05-13 00:00:00

MONDAY EVENING, MAY 13, 185'0.

from the deliberations now about to be resumed by
the Princes of the Confederation. Their jealousies are
not only as strong as, but:are actually stronger, than
ever ; their doubts in each others' integrity are
greater; their rivalry is infinitely more virulent.
Austria clings with the despairing grasp of an
avaricious decrepitude to the shadow of its already
evaporated predominance. Prussia aspires and
aspires boldly, though its efforts are nullified by the
hesitations and duplicities of its vacillating and
ambitious sovereign. Bavaria and Hanover, Saxony
and Wurtemburg, with the whole mob of subordinate
principalities, retain severally and individually their
hopes, their fears, and their aspirations. Yet it is
from this incongruous agglomeration of states that a
lucid solution of the great problem of German unity
is insanely anticipated. That we do not in the slight-
est degree coincide ,in those anticipations, we fancy
must be sufficiently obvious to the mass of our
readers, not merely from the tone of our
present remarks, but also, and more especially,
from the drift of all our previous observations upon
Germany. To dream, for one instant, that the diffi-
culties of its position can be solved by the wrangling
and jealous Princes of the Confederation would, in
very sad truth, be to read history like an old alma-
nack. We have no such idle expectations. New
that the popular representatives have abandoned the
question, almost untouched, into the bands of their
Sovereigns, the future looms upon them as unpro-
pitiously as hitherto. If, before, the danger was
ultra-Democracy, merging into Socialism, now it is,
on the contrary, ultra-Retrogression, tending to the
triumph of Absolutism. The responsibility conse-
quently devolving
upon the German population is
that of observing with more unwinking vigilance
who have often before contrived to extend and in-
Policy adventured upon by those rulers
t thane
n
sify ever t
hteh e
national embarrassment. Without this
cautious and scrutinizing observation of the royal
councils some result of the most disastrous character
may, only when too late, be discovered. What we
mean is that the Princes, by attempting to restore the
force of Absolutism without encountering due resist-
ance from the German multitude, may impel the latter
to the adoption of some extreme course, conducting
them to the verge of Red Republicanism. Not that
we look forward even to the temporary success of a
retrogressive movement, but that we view any such
movement as the inevitable precursor of some other
yet more calamitous. Therefore it is that we con-
ceive the wisdom of German Democrary to consist
just now in a patient watchfulness and a sedate reso-
lution.

THE FRENCH REPUBLIC.

We have received the Paris journals cf yesterday
and Saturday.
On Saturday the Orleanist, M. PISCATORY, whose
escapades as the agent of M. GUIZOT in Greece must
be in the remembrance of all our readers, gave notice
that he should on Monday address interpellations to
the Minister for Foreign Affairs on the subject of the
Affairs of Greece. In reply, the Minister for Foreign
affairs General LAHITTE, said—
" Ic is unfortunately most true that we have received
news from Athens as unfortunate as unexpected. The
Government has not lost a moment in addressing to
that of Great Britain a demand for explanation. We
hope to have a reply by Monday or Tuesday. I will at
once lay upon the bureau of the Assembly all documents
relative to what has passed at London and at Athens, and
1 hope they will serve to ',how how little our conduct or
intentions are to blame in this matter."
111. PISCATORY anti his friends had imagined that it
would be as easy to bamboozle Lord PALMERSTON as
cet excellent Aberdeen, but they reckoned without
their host, and are therefore exceedingly angry. In
the meantime the French nation, as distinguished from
the French Government, are rejoiced at the check that
has been given in this affair to Russia, and through
Russia to the reactionary " Burgraves" of Orleanism,
who had instructed Baron GRos not to consent to any
thing that should be offensive to Russia.
The Siecle says—
" By the proceedings, the result of which cannot make
us approve of either the violence or the rigour, tho
British Cabinet has shown the Greeks-Ist, That
Russian protection, in which they so rashly confided,
vanished before a resolute attack ; 2ndly, That France
and England have the same line of policy at
Athens and at Constantinople. We sincerely regret
that Lord Palmerston was not able to attain this ob-
ject by a different means ; but we cannot too often re-
peat, the object being good, that it was necessary to
adhere to it, by leaving to each of the two great Go•
vernments, the moral responsibility of its acts. The in-
fluence of France in Greece has been more noisy, or, to
use a more suitable word, more revolutionary, but it has
never been greater than at present, for the people who
do not regard the euphemisms made use of by diplomacy
clearly see that England bas accepted France, to the ex-
clusion of Russia, as the arbitrator of her differences
with the Greek Government."
The Opinion Publique says
"We are far from approving of the mode of pro-
ceeding of England against Greece ; but, without
giving it an example, we may say—we, who for
fourteen years have in vain been making demands at
Buenos Ayres—that England has given us a lesson.
All Europe protested against her mode of acting, but
she was not intimidated, and has brought Greece to
obedience."
The Committee on the Electoral Law has ap-
pointed M. DR BROGLIE President, and N. LEON
FauCEIEIZ Secretary.
Iu the Bureaux the opposition to the measure was
much more energetic than had been expected. The
Members of the Mountain abstained from taking
any part in the proceedings, but, among the Legiti-
matists, MM.DE FONTAINE DE CLIA.RENCY, FELIX DE
ST. PRIEST, and VESIN opposed the measure. In ad-
dition to these, the whole of the CAVAIGNAC party are
opposed to it, and MM. DE LAMARTINE and GUSTAVE
DE BEAUMONT spoke most energetically against the
measure.
The Democratic journals are most earnest in their
recommendations to the people to preserve the peace.
They recommend them to remain quiet even should
they see barricades erected, for the agents of the po-
lice, says the Presse,
way perhaps erect barricades for
the purpose of endeavouring to draw the people into
a snare. Should the measure pass, there will be a
general refusal to pay taxes, and perhaps the whole
of the Members of the Left will resign their seats, so
as to bring on upwards of 200 elections immediately.
M. NAPOLEON BONAPARTE has deposited on the
table of the Assembly the following declaration :
"Inasmuch as the sovereignty of the people resides in
the universality of citizens; that the sovereignty is
alienable and imprescriptible, and that no fraction of the
people can assume its exclusive exercise; that the repre-
sentatives of the people possess no other powers than
those delegated to them by the people; that the manda-
taint of the people cannot destroy the rights given b 3
her mandate, without destroying the toandat itself; that ,
the right of suffrage is a
premordial right above that of
all others; that the electoral project would, if converted
into law, deprive a large fraction of the people of their
rights;—the undersigned representative of the people
declares that he solemnly persists in the line of conduct
already adopted by him in demanding
the previous ques-
tion; that in consequence, faithful to the principles of
the sovereignty of the people, and of the constitution,
and not recognising any right to attack universal
suffrage, he protests by his abstention against this re-
volutionary measure.
(Signed) "NAPOLEON BONAPARTE."
He has also addressed his constituents on the
subject, and to them he says :
" The National Assembly will not, I hope, follow
fatal advisera— the majority will not violate the consti-
tution, and do outrage to its viandataires; and if this re-
form has not already been rejected by the adoption of
the previous question, let us hope until the last moment
that it will throw out the Bill. Should it be otherwise,
we would then have to consider if the time be not come
to organise a refusal of taxes! As universal suffrage
ought to be the organising force of republican France,
so the refusal of taxes ought to comprise its force of
resistance. To those insensate and bad men who say
that France and society are lost by the regular and
pacific exercise of universal suffrage, you must take his-
tory in your hand, and answer that every attack com-
mitted by previous governments has been founded on
similar reasons. You see, my dear electors, how grave
has become our situation, and how that prudence and
wisdom, which bits deserted certain men, should find a
sanctuary in the minds of the people."
According to the Siecle there is a probability that
the electoral law will be rejected. It appears that of
the votes for the committee 115 were against the
Bill, which, added to 200 who refused to vote, would
make 815, while the whole amount of votes for the
committee was only 326 ; and amongst the latter
were many who did not give entire approbation to
the Bill. Should the 200 of the opposition persist in
remaining away, the Bill would of course be carried ;
but should they change their resolution, it is probable
that the Bill would be thrown out.
On the 9.11 a meeting of more than fifty members
of the Tiers narti was held at the house of M. Co-
aUEREL, to consult upon the course to adopt in rela-
tion to the new Electoral Law. It was agreed to vote
against the ensemble of the law, and to reject the tax
qualification, fixed domiciles of more than one year,
and the influence of masters of servants and workmen
over the franchise of those whom they employ.
The proposition of M. CELTEN, fur the abrogation
of the law exiling the Bourbons, has been rejected by
a large majority of the Commission of Parliamentary
Initiative.
The Napoleon contradicts the rumour published in
several papers respecting the intention of transferring
the seat of Government to Versailles.
The PRESIDENT of the Republic, accompanied by

General CHANGARNIER, reviewed several regiments of
infantry and cavalry in the Champ de Mars on
Saturday.
BUSINESS DONE IN FOREIGN RAILWAYS AT TIIE
LONDON '6TOCE.-EXCHANGE. MAY 11.
Northern of France, 1214—Orleans and Bourdeaux,
—Sambre and Meuse,

LiiONE and COMMERCIAL NEWS.
CITY, TIV 0 O'CLOCK.

The sales of Cotton at Liverpool on Saturday were
estimated at 6,000 hares, of which 1,500 American and
500 Surat were taken on specuhttior.—The market for
Railway :share improved considerably, and closed with
ptiee.s looking up.
The Corn market is firmer to•day, and best Wheats
are Is. per quarter dearer.
The letters by the splendid new steamer Atlantic were
delivered on Saturday- uf.ernocin, and the most important
poi tion of their contents is undonbiedly that which refers
to the condition of the Cotton crop. The efforts of our
manufacturers to pry tect themselves against impoaition,
end the natural distrust excited by a renewal, year after
year, of the reports about a deficiency, have given great
offence to the industrious writers on the other side of
the Atlantic, who esteem it a special duty to get the
highest possible price for their s'aptes out of John bull,
honestly if they can, but still to get it. Now looking at the
false cry of " vvolt," raised as certainly as the year comes
round, we are neither surprised nor displeased at the
settled determination in the manufacturing districts tai
di,believe all reports about the cotton crop that are nut
supported by the strongest facts; nor should it be fur-
gotten that in this, as in other cases, there are ever two
opposing parties, the Bulls and the Boars, and the ac-
tivity of the former ought to give entire satisfaction to
Brother Jonathan. Having looked for some time past with
extreme mistrust upon the statements from America of
shorter crop than was obtained last year, we are the
more impartial auw in expressing our belief that the
yield will not be so ample as was at first probable, and
no circumstance can show more clearly the imperative
necessity of our looking to the colonies in part fur the
supply of this most essential staple. The result of an
entire failure of the cotton crop in the United States, as
has been truly remarked, would be worse to England
than a deficient grain harvest. The latest observations
upon the cotton trade, at given from New York, are the
following:—

" It must be borne in mind by manufacturers and holders
of cotton in this country, that there never has been,
throughout any previous season, so many inducements
to bring out the crop; and the probability is, that nearly
the entire product of last year has already been received
and accounted for at the ports. During the remainder
of the season, a few thousand bales per week will be
straggling into the shipping ports; and it would not
astonish us if the "aggregate receipts fur the year sere
even less than the lowest estimate. It has been, through-
out, an extraordinary season, and we must be prepared
for extraordinary results. We are looking with a great
deal cf interest for later intelligence from Liverpool for
a confirmation of our predictions relative to the com-
plexion of that market, the movements of speculators,
and the future course of prices. Holders of cotton here
are perfectly cool, and as calm as a summer's morning.
Trey have not the slightest apprehension as to the result
knowing that the Manchester manufacturers will have
to submit to any terms dictated from this side of the
Atlantic. We have been pretty well posted up for some
time past relative to the movements of the " great
regulators" in the Liverpool market, by parties who
have, from their position on the other side, been be-
hind the sceneF, and who have availed themselves of
their information to warn, through several well written
circulars, their Southern friends against the plans
perfected by the combination, to break down prices,
and get all the cotton they wanted cheap. These cir-
culars have had an extensive circulation through the
South, and have no doubt done a great deal of good."
There are accounts of the 2d instant this morning
from New York by the America, one of Cunard's
steamers. The cotton market had risen, owing to the
advices taken out by the Cambria, and the rate of Ex-
change on London had touched 110. The letters vt ill
not be delivered until late in the day, and perhaps not
before to-morrow.

Mauritius papers of February 20 state that the
colony was bet.t.fi.ii:g by the various reforms effected,
and that theme was an anxious desire to carry them
further.

A statement or the average price r.f wheat in Belgium
during the fortnight, to the 4,h inst., gives the account at
15 francs 8 centimes.

We observe nothing in the accounts from Prussia that
could enable us to judge of the correctness or otherwise
of thp rumour which has prevailed here that a new loan
of three or four millions sterling is in contemplation.
The Government of Berlin, as is well understood,
received authority some time since tram the Legila uie
to inet ease the .ar budget, and whether a loan is con-
templated to anticipate this, it is difficult to determine.
The state of the Prussian finances has been hitherto
favourable, arid possibly arty muderate amount required
could be raised in Germany.
The English Funds are firmer, and there is more
disposition to speculate for a Ilse, although the
money business has been limited, compared to what
was done last week. For some days past the invest-
ments in small amounts have been numerous. Consols
have Leen at 96 to 4 or Transfer, and 96i to for Ac-
count. The New 11:tree-and-a Qum ter per Cents, have
been marked 97 to and the Three per Cents. 95 to.
Bank Stock is steady, at. 2061. Exchequer- hilts have
ealtsed 635. to 715., and India Bonds 89s. to 90s. preru.
Much mem animation has prevailed in the Foreign
Market, and prices are generally enhanced. Spanish
Five per Cents_ have been quoted 178 and the Three
per Cents. 371 Portuguese Four per Cents. have
been 33e to *. Mexican Bonds have touched 29 and
Much curiosity is expressed to learn whether the
stat-roent ;made by a New York paper is correct, v;z.,
that the steamer Atlantic, had remittances on board tor
the bondholders, being part of the indemnity money.
Peruvian Stock has risen to 704 and 72.
Equador Bonds have been 3i; Danish Scrip has risen to
7i premium, and Russian to 2i premium. Spanish Three
sec Cents, have been 37i to and Portuguese Four per
Cents. 331 to :is. Dutch Two-aud-a-Halt per Cents.
have realised 56, aud Belgian Four-and-a-Half per
Cents. 87.

Railway Shares aro decidedly buoyant, and in mos
cases higher.

QUARTER TO THREE.
Consols ... ... 96k k
Ditto, Account, Juno 12 ... ... 961 i

ONE CLOSING
PRICES OF BRITISII FUNDS O'CLOCK. PRICES.
iikink t,t)cl.,.
3! ec Cent. Reduced A-ms ..... ....„, 95 9514 9514
3 per Cent. Consols Annuities........ 96 961% 961%
New 314 per Cent. Ann 5....... ......... 97 97% 9714
Gong Anne. to expire Jan.1860
Indin Bonds, 1,000/ ........... 89 90 p 90 p
Ditto under 1,0001.. ................. 91 88 p 88 p
Consols for Account ... ..... ... 96 i/4 vs % 961
,c ch Muer Bills. 11 1. et 2d
1,0001. June .............. .. ........ 68 71 p
500/. June , 6B 71 p
Small. June

71 p
71 p
71 p

ONE CLCV.ING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
,razilian rcends — 81 lh
Danish Bonds, 1825,3 per Cent.
Ditto 5 Dor Cent.
Ditto, Scrip
... • 7%14 84 P 734 P
Equador Bonds 3% 3%
Grenada Bonds, 112 per Cent —
Ditto, Deferred
Guatemala Bonds ...... ..... ....,...
ex'-i.0., .) par Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons ....... 29 231/8 2914
Peruvian Bonds, 4 per Cent ........ 703/4 713/4 72 7214
Ditto, Account
Ditto Deferred
Portuguese 5 per Cents.
Ditto, 4 per Cent.
ttussian Bonds - .
Ditto, 414 per Cent
Ditto. Small
Ditto Scrip 27/434 p 3 p
`.p..ui,•,. i ..(3i I:;,,tit_ I 1../ti
Ditto. Passive —3%
Ditto. 3 per Cent
livid,,n4ls nn the above pnvabiP in I,ondon.
Beligan, 4% per Cent. .. .
. r 4,4, per C.nr.., 12 Guild. .. 56 56
Ditto, 4 Der Cont. Certmeates 85% 86 £4IA
tcloEs OF
PAID. BUSINES6 DONE CLo,IN,•
RAI WAY SHARES. AT ONE O'CLOCK. FRII ES
bet's.", ~,_ ......... ... 51 ..... 73/4 'i 34
Do. Preference Fi• ...... 2% dis. ...... ... 25/Bdis
irmingham and Os-
icrd Janet., calls duly •
paid, or with a guaran. 20
Do, without guarantee 20 ...... 24%
Caledonian .., .. ....... .. 50 ,, 7% 8
Ditto, Now IC/. Pref... 10
C e >tor and Holyhead... 50 • ••••• ••• .•
astern Counties........ '2O ..... . 71/8 •••
Do New Pref.ret:ce,
fil.er Cent ... lO ...... . ........ ......
Ditto,Extension, 5 per
Cent., No.l 61.135. 4d.... % p
Ditto ditto, No. 2...61. 13s. 4d... 1/4 13••• • • -•••••
Do. North. & Eaatern,
6 per Cent. ... ..... 50
Ditto. 5 per Cent.... 50
East Lincolnshire, guar.
6 per Cent.
Edinburgh and Glasgow 50 ...... 263%
Great Northern
Do., % A Deferred ... 121 N.....,
D 0.,, 1/2 B 6 per CNA... 9 LAI ......
Do., 5 per Cent. Pref. 12th
;rear South: and West.

3TR

241/2

11X

% P
1/t P

571/

2714
k€3/4
1/2
10%

(Ireland)
rqat North of Englancl 100 :16 „.. ... 218
Great Western 100
Ditto, New 17/... 15
London & Black wa11...111. 65. 3d... 4
London, Brighton, and
South Cosa-. .. 100
Do., New, guaranteed
6 per Cent . ...... ...100 ..... 1.35
London and bi Western
Ditto, ew Quarters 12 ...... 10j/4 1014
.-
..... 11%
London . 1f:0 119 k 4, 59 ... 595 v
Midland ... 100 ...... Z.;3:1/1!4
Do., 501. Shares
lID Consolid. Bristol. &
Birming., 6 psrct 100 ......
Norfolk ......... -.100 ......
North Britifib. 25 71/2 . ...... 75/a
Ditto Preference
North Staffordshire 171/2 %......
Reading, Guildford, and
Reigate ..... 15 ..... 1 "
Royston and Flitchin4th......_
5
'bath Devon
.••
S - .... • 334 13 •• • .
•
Arilts,Somerset,& ey-
mouth
York, Newcastle, aao
Borwick.
.. itv
Do. Newcastle E zten. 20
G.N.E.Protor,lice
York and North Ttlilland 50
D;tc Preforenc, 7
FOR FAIN
Central of France (Or-
leans and Vierzon)... 20
flast Indian .... 5
Northern of France... 16

40 39 j - • ••••

.131/8 13 ........

•••.•• 8

- 134 34,
1 3 L/pAt 17 ...

.... 1 23i
5 .......
1 2 4, ..

8014

47/s
12',s,

137's

39 7i,

134
81/8
1

1234
SL/
12A

111.NES.

Australian 4 ...... 4 .........