The Sun.
London, England, 1850-07-24 00:00:00

[PRICE SD,

THE. FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The election of General L tMORICIERE on the first
ballot, and by a large majority, as a Member of the
Committee appointed to sit during the prorogation, is
"a heavy blow and a great discouragement" to those
who would fain have recourse to a coup d'etat for the
violation of the Constitution. Toe presence of Ge-
neral L.IMORICIERE in the Committee may be consi-
dered as a guarantee of the safety of the Republic.
The Reactionaries experienced another severe check
on Monday. The persons who signed one of the pe-
titions against the Electoral law, and whose prosecu-
tion was ordered by the Assembly on the motion of
M. LEON FAUCHER, were yesterday brought to trial
and acquitted.
M. TESTE, who was sentenced to three years' in..
prisonment and a fine of 100,000 francs, for havine,
accepted bribes while Minister of Justic3 under M.
GUIZOT, has petitioned to have his fine remitted.
The Council of State has refused to grant the prayer
of his petition. His term of imprisonment has
expired.
By a decree of the Vice-President of the Republic,
President of the Council of State, KU. BETHMONT,
MARCHAND, BOUCHENE, CIIARTON, PERIGNON, FRE-
DERIC CUVIER, LANYER, FOURNOUER, HORACE SAY,
MAHERAULT, General DE TARLF, DEFRESNE, COUll-
cillors of state, are appointed to deliberate during the
vacation of the Council of State on affairs which, from
their urgency, may require immediate solution.
M. Paounueet has published in his monthly period-
ical, the Revell du Peuple, a furious attack on LEDRU
RoLLIN and his coadjutors.of the Proscrit, whom he
treats as humbugs, whose utter folly, stupidity, and
puerility is incomprehensible.
The report of M. GOUIN on the budget of receipts,
which has been for several days past presented to the
Assembly, contains detailed appreciations of the
ameliorations already obtained, and those which` re-
main to be realised to arrive at an equilibriumOf the
budget. The reporter has, in the first place,
brought forward the results of the budget of
1850, which forms the basis of the financial
situation, and establishes that the deficit in the
ordinary budget has only been covered by the integral
appropriation of the dotation of the sinking fund,
amounting to nearly 72 millions, and that a sum of
90 millions will be placed to the charge of the float-
ing debt. These two circumstances are earnestly re-
commended to the attention of the Government as a
state of things very serious, and which it would be
dangerous to allow to continue. This same financial
situation continues in the budget of 1851, in which
more than 75 millions are taken from the dotation of
the sinking fund, the working of which is thus sus-
pended, and leaving again at the Charge of the 'float-
ing debt nearly 66 millions of extraordinary public
works, of which 13 millions are for completing the
railway from Lyons to Chalons. Various ameliora-
tions are, however, pointed out in the Ministerial
budget. The suppression of the additional 17 cen-
times on the land-tax appears to the Committee
just and useful. But, in order for this amelioration
to produce all the advantrges to be ex-
pected from it, it is necessary that the addi-
tional centimes, the proceeds of which will be
henceforward solely devoted to departmental and
commercial expenses, do not receive any further ex-
tension. No change is made in the personal tax,
nor in that of doors and windows, and patentes, but
the Committee insists on the necessity of the Govern-
ment presenting a Bill relative to the formations
of the register. The Committee recommends that
the tax on doors and windows should be added to the
personal tax, but consents that the Government shall
take the opinion of the Councils-General on the
subject. The creation of a new duty of 4,500,000 f.
on salts of soda has been rejected by the Committee,
as calculated to inflict a great injury on interests
connected with the manufacture of chemical produce.
The authorisation to sell the wood of the State, to
the amount of fifty millions, led to warm discussion,
and was only consented to on the condition that that
amount of sales should extend over three years, and
only extend to such as would not become timber.
Two additional articles have been presented, one
fixing the postage of sailors' and soldiers' letters at
20,1., the other imposing on foreignors who wish to
establish their domicile in France, a duty which has
never yet been demanded, except in case of naturali-
zation, and which is fixed at 1221. With regard to
the duty on salt, the Committee waits for the result
of the Parliamentary inquiry which has been
established. The total amount of the produce
of the railways worked by the State is set down
at twelve millions. That of the line from Path
to Chalons is estimated at nine millions. Tiie
re-purchase of the Left Bank Versaillet line not
having taken place, as was expected by the Minis-
ter of Public Works,' the Committee is of opinion
that the Government should resort to prompt and
decisive measures on the subject, the more so as the
railway company has just pledged to a private com-
pany the revenue of the line fur 47 years. on pay-
ment, among other conditions, of an annual dividend
of Bf. per share. The report concludes with a state-
ment of the debts due to France by foreign states;
that of Spain amounts to 113,735,8921., and that of
Belgium is stated at 15,294,5301., for the expenses
which France incurred in the defence of that country
in 1831, 1832, and 1833 ; but there are further
claims, the amount of which has not been finally
agreed on.

The following telegraphic dispatch has been re-
ceived in Paris :

"THE MINISTER OF FRANCE TO THE MINISTER FOR
FOREIGN AFFAIRS.
" Madrid, July 21, halt-past 3 o'clock P.M.
"The Queen has this day quitted her bed. The state
of her Majesty's health is so satisfactory that no more
daily bulletins will be transmitted."
PARIS BOURSE, JULY 23.—Latest Prices.—Five
per Cents. 96f. 85c. ; Three per Cents. 58f. 40c. ; Bank
Actions, 2,405 f.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE. JULY 23.
Central of France (Orleans and Vierzon), 15 ex in.—
Dutch Rhenish,l3c3—Northern of France, 14',' ex in. and
ex div.—Orleans and Bourdeaux, 274 ex in.—Paris and
Ro%uen, 23%—Paris and Strasburg, 7113—Rouen and Havre,
9.