The Sun. — 1856-07-19 (London, England)

FRANCE. PARIS, FRIDAY EVENING.  "The Emperor," says the Constitutionnel, "is not expected in Paris before the 25th. His Majesty, previously to his return, is to go to Luneville to be present at some grand cavalry manceu ores." General Narvaez left Paris this evening for Bayonne. M. Olozaga, the Spanish ambassador at Paris, left this evening, accompanied by his family, for the Pyrenees. The French government has already given orders • for the formation of an army of observation on the Spanish frontier. The Prefect of the Seine has just received from the Lord Mayor of London a fifth remittance of 100,000 fr. on account of the subscription opened in that city for the benefit of the sufferers by the inundations. The Minister of War has just decided that the only seamen of the Imperial navy entitled to the Crimean medal awarded by Queen Victoria are those who belonged :-1, to a Frenkch vessel of war within the period comprised between the landing of the Allies in the Crimea and the taking of Sebastopol ; that is, from the 14th of September, 1854, to the Bth of September, 1855 ; 2, to the crews landed before Sebastopol and employed at the batteries ; and 3, to the officers, non-commissioned officers, cannoniers, or privates of the marine troops having, within the above period, served either at Sebastopol, Eupatoria, Kertch, Yenikale, or in the Sea of Azoff. The insurrection in Madrid has inspired the Debats with the following reflections : "The withdrawal of Marshal Espartero is an important event, 'he consequences of which cannot as yet be appreciated. For the last two years the union of the two marshals and their simultaneous presence in the councils of the Queen was considered by all as a necessity. What has been the result of their separation ? What must have greatly facilitated the formation of the new government, presided over by Marshal O'Donnell, without the assistance of Espertero, was the reaction which had strongly set in at Madrid and in the provinces against the excesses of the demagogues and communists ' • the population was alarmed by the ruthlessness of the bands organised with a view of murder, incendiarism, and pillage. It is probable that this reaction had decided the Queen to confide the formation of a cabinet to O'Donnell, and that the latter accepted the mission without hesitation. To judge by the last political bearing of Marshal O'Donnell, we believe that he will rule with firmness and moderation without overstepping the law. Firmness, energy, and activity are the dominant qualities of O'Donnell ; he has displayed them frequently during the past two years, not only in his functions of Minister of War, but also in the general direction of affairs. He is endowed with an active mind and a prompt intelligence ; be exercises a great authority over the army, and succeeded almost in conquering an equal authority in the Assembly. We are familiar with what has occurred. In the morning of the 14th a formidable insurrection broke out in the streets of Madrid. Government has triumphed. The insurgents have nearly disappeared. The state of siege has been proclaimed in all Spain, the national guard has been disarmed, the municipality dissolved and replaced. Order is re-established in the capital. It is thought that the national militia will be dissolved over all Spain, and subjected to a complete reorganisation ; that the constitution will be promulgated, and that the Cortes will declare their mission accomplished."  BOURSE, July 18.—The following were the last quotations : _  Cash. fr. e. End of Month. per Cents 93 75 3 per Cents 7l 71 10  New Loan 7l Bank Shares — Roman Credit Mobilier 1,532 50 Lustrian Belgian Fives 9B .. Spanish Threes 37 41 Piedmontese (5) 93 .—Home Debt .