The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-03-14
THE DAILY EXCHANGE, MARCH Ia, 1860.

territory, including Hungary and Venitia against
! nsurrection and foreign foes.
THE FRENCH GOVERNMENT AND THE TREATY OF CENTRAL
1TALY-oPPosITIoN OF RUSSIA And PRUSSIA TO AN
| NEXATIoN.
The Paris correspondent of the Daily Ne,c8 fears
1t is but too true that, at ministerial meeting held
on Friday, and presided over by the Emperor, and
which lasted four hours, a resolution was taken
against Italian unity, on the pretext that Russia
and Prussia object to the annexation, which alone
can satisfy the Italians.
The French government, it is alleged, have re-
solved that the project of annexing Piedmont to
Tuscany must be abandoned altogether. The peo-
pie OF Tuscany will be called upon to choose a
sovereign, and there will be no objection to their
choice falling upon the Duke of Genoa, Victor
Emmanuel's nephew. Secondly, the Duchies OF
Modena and Parma may be annexed to Piedmont
by the consent of the Inhabitants. Thirdly, the
question of the Romagna is to be revised and will
probably be submitted to conference of the Powers;
but still the idea of creating separate State of the
sovereignty of the Holy See and annexation sub
ect to that sovereignty, either to Tuscany or Pied
mont is not abandoned Piedmont will be required
to adhere to these proposals, made under the threat
of withdrawing the French army from Italy, and
leaving her to the mercy of Austria.
The Minister of Commerce, in reply to the de-
mands for preliminary inquiry respecting the
alterations in the tariff says that the Emperor had
enlightened himself by consulting competent per-
sons, and adds that the duties will not be definitely
decided upon until after an inquiry, in which va
rious opinions will be heard.
The Paris Bourse had been buoyant, and the
rentes at one time reached 6Sf. 35c. but on the
24th ult. it was heavy, and rentes declined to
eff CSC.
The Noniteur also publishes the programme of
the opening of the Legislature the LIST of March.
1t also announces that the two Moorish deputies
arrived yesterday at the camp of Gen. O'Donnell,
with view to propose an interview between the
| Marshal O'Donnel on the part of Spain, and Muey
| Abbas he X afr on he rt Of
| Morocco. This interview took place on the road
to Tangiers The first point discussed was the
occupation of Tetuan by the Spaniards, which was
obstinatelv objected to by the Moors, whereupon
| Marshal O'Donne was on the point of breaking
up the conference, but at the request of Muey
Abbas it was continued, without, however, produc-
ing any result The Moors asked for a further
| delay, which was refused by Marshal 0Donnell,
who declared the truce to be terminated. The
Marshal returned to Tetuan, and Immediately sent
for the commander of the Spanish naval force, in
order to concert with him further active opera
| tiOnS.
THE STATE OF EUROPE.
The definite reply of Austria to the English pro-
position for the settlement of the Italian question,
10 issued Tho reasons are givon why Austria can
not except England's proposals as basis for ar
| rangement.
Count Rechberg explains that the proposal does
not only essentially alter the basis of the European
equilibrium, which was founded by the treaties OF
1885, but it is also in opposition to the fundamental
principle upon which the legitimacy of governments
in general, and especially the Austrian monarchy,
are founded. In the third instance the proposals
destroy the rights of the Italian princes, which
were placed under the guaranty of Europe, and
which the Emperor Francis Joseph has a sacred
duty to protect in his quality of chief of the House
of Hapsburg. If, induced by all these motives
Austria declines the proposed negotiations she de-
cares nevertheless that for the present she will not
endeavor to undo by force of arms that which she
| cannot prevent, although reservng to herself full
and entire liberty of action for the future.
The tone of Count Rechberg's reply is exceed
ingly courteous and moderate.
Paris telegram confirms the statement that
Russia and Prussia had joined in a proposal for a
conference of the five great powers. Negotiations
between the powers on the Italian question were,
it was said, being rapidly carried on.
Vienna despatch of the oath gives further par
tculars of Rechberg's reply to Englands PROPOSE
tons. 1t is dated the 18th. He expresses the high
estimation of the Emperor for the communication
from France, and says the Austrian Cabinet recog-
nizes that in the present circumstance there is NO
opportunity either for Austria France TO inter
fere in Central Italy.
The application of intervention applies to France
Austria having withdrawn from all parts of Italy
| not under her dominion. The organization oil
| Venetia must remain quite eXtraneous to the nego
tiations between the Powers; but the Emperor 10y
ally maintains all the promises of Villa Franco, and
if they have not been realized, the fault only be
attributed to the Italian revolutionary party
Austria confines herself to the expression of her
convictions that the reestablishment of the former
dynasties and the realization of the project of
Italian Confederation would much better guaran-
tee the future of the peninsular.
| SPAIN.
| The Correspondence AutOgrdphia mentions that
| Marshal 0'Donnell had submitted to the Moors
the following basis for the conclusion of peace
Possession of all the territory conquered, including
| Tetuan; indemnity of two hundred millions OF
reals; an engagement to respect the Catholic re-
| ligion, and commercial stipulations favorable to
! Spain.
A majority of the Madrid journals are opposed to
the conclusion of peace, and demand the occupa-
| ton of Tangiers.
The Moorish loss in the battle of the 4th is esti-
mated at 900. Upon their defeat the Arabs com
mitted great excuses and could not be restrained
although sixteen We're put to death on the spot.
Muley Abbas, with his defeated force, was half
way between Tetuan and Tangiers.
LATEST DISPATCHES.
| NAPLES, Feb. is, via Genoa.-A decree of the
Minister of War orders officers on leave to ioin
| their regiments on the 5th of March. Part of the
Municipal Guard have been modified Agitation
prevails in Palermo and in the Abruz2i.
| MADRID, Feb. 25.-The Spanish squadron has left
Algesras, in order to lombard the seaport towns
of Morocco, and will probably commence operations
| by the bombardment of Arphille.
| PARIS, Feb. 2G.-The Woniteur publishes decree
on the reorganization of the artillery, suppressng
the list of storehouses for field artillery increasing
the number of batteries of infantry by creating the
| three new regiments, and the establishment Of
| artillery trains.
PARIS, SATURDAY., $50 =. M.-The market has
been very dull The rentes opened at 6Sf 15c., but
closed rather fiat at 67f. Sc, or about the same
price yesterday.
| LONDON, Saturday Evenng-The funds opened
to-day at yesterdays prices being supported by the
large ministerial majority and the favorable bank
returns, but a decline subsequently took place.
| The share market vas firm. The Board of Trade
returns issued to-day give the exports of January
at 60, ,497, against go 1893, 423 for the cores
| pondng month last year.
! COMMERCIAL INTELLIGENCE.
| AMERICAN SECURITIEs.-Baring Brothers report the
market for American Securities generally firm.
United States 5's...... 92H(G-
Massachusetts SIS, bonds d10S
pennsylvania 81 tGSS
- do. bonds, '77.................... IS GS6
virginia 5's, 1888. IS Ass
Bell Son report the market firm and average bust
ness, without quotable change.
The Times of Friday reports the market unchanged
Freeland bonds at 81 interest," New Central Sew
ems at 81 u, and Erie shares at OK.
| LATEST VIA QUEENSTOWN.
LIVERPOOL Sunday, P NJ, Feb. 26-The sales of cot
ton yesterday 5000 bales, of which 1000 by
spectators and exporters The market closed quiet
Breadstuhs closed steady. Provisions quiet.
| SHIPPING.-Arrived from New Orleans-Venus, Oliver
Putnam, Allero Scion, and NJ Campbell, all at Liver
pool
Arrived from Savannah. Gerhard, Parliament and
Arrived from Mobile-Acme, Windsor, Forest and New
World all at liverpool
Arrived from Charleston-Sevastopol and Anna Deca
tur, at Liverpool.
REMBRANDT PEALE-We learn that this distin.
guished artist has far recovered from his late
illness, which confined him in Stonington, Connec
lieut. as to be able to return to his home in Phla
dephia. Mr.. Peae is now in the eightv-third
year of his age, and friend informs US that he saw
him in his studio last Friday, commencing another
copy of his celebrated portrait of Washington, the
original having been painted from life in 1875. Mr.