The Sun. — 1863-03-17 (London, England)

FRANCE.  Le Constitutionnel of to-day remarks that the discussion on Polish affairs is to begin to-day, and it earnestly recommends all interested in the matter to study these documents, which, according to the Constitutionnel, reflect honour on the French Government. The despatches in question date so far back as 1855, when, at the time of the Crimean War, M. Drouyn de Lhuys addressed a despatch to Count Walewski, then French Ambassador in London, suggesting that the redressing of the wrongs of Poland should be among the conditions of peace resolved on by the Allied Powers. To this the English Cabinet objected, on various plausible grounds, and when six months later the proposal was renewed, fresh obstacles were put in the way. According to this version of affairs the blame of inaction certainly rests with the Cabinet of St. James. L'Opinion Nationale speaks in much the same terms of the documents in question and considers the news received from Poland, to be highly favourable to the insurgents. Le Siecle learns from an Austrian journal that the number of insurgents in the district of Radom amounts to 20,000 men. Women also, it is said, take part in the war; while many families, who took refuge in Galicia at the beginning of the outbreak, have now returned to Poland to join in it. Karoweki, who was reported to have committed suicide, has rejoined the army of Langiewicz. He fights in the first rank, but without any other grade than that of a private soldier. Le Pays tells us that fresh bodies of insurgents are being organised between the Vistula, the Bug, and the Wieprz ; the peasants of those districts favouring the insurrection, which it is rumoured, will shortly be greatly developed. In its summary of the contents of the diplomatic documents published this morning by the Moniteur, .Le Pays declares that it is the Coldness and indifference of England which has hitherto rendered fruitless the efforts of the French Emperor to ameliorate the position of Poland. The last monthly account published by the Governor of the Bank of France is regarded as very satisfactory in commercial circles. The cash in hand, which had fallen in the month of December to so low a figure as 240,000,000 f., has now risen to 344,000,000 f. It increased by 64,000,000 f. during the last month. The Counoil of the Bank have consequently considered that they might safely reduce the rate of discount from 5 to 4i per cent. at their late meeting. It is generally balieved that a further reduction in the rate of discount will shortly be announced, inasmuch as the demand for gold has considerably abated. One very favourable item in the account just published is that which shows that the securities deposited with the Bank for cash advanced, which in the month of January last amounted to 200,000,000 f., are now reduced to 140,000,000 f. These securities consist of railway shares and bonds to the amount of 82,000,000 f., and Government routes to the amount of 68,000,0001. Government rentes to the amount of 29,000,000 f., and railway securities to the amount of 5,000,000 t. were withdrawn from the Bank during the last month. The Bank has by these repayments been able to call in bank-notes in circulation to the amount of 52,000,000 f. There is no change in the amount to the credit of the customers of the Bank. It remains at 161,000,000 f. The balance to the credit of the Treasury increased during the month by 9,000,0001., and is row 76,000,000 f. The Government is consequently fully enabled to meet the payment of three months' interest on the 3 per Cents. due the Ist of next month. The council of the Bank have, during the last month, purchased Government stock to the value of 1,000,0001. with their unemployed capital. The Bank has further advanced 1,500,000 f. within the last month on a deposit of bullion. The profits of the Bank during the last month are calculated at 2,500,000 f. It appears from the regularity with which commercial payments have been made since the beginning of the month that trade is good, and cash not scarce, in Paris. Manufacturers have received large orders for export, and few complaints are heard except in Mulhouse, Rouen, and Lyons, where the civil war in America still produces injurious effects. Some of the cotton bonds of the Confederate States have been offered for circulation at Havre. These bonds have been issued by the Government of the Southern States to create resources by means of the cotton which still remains in the interior of the country. They stipulate that in 40 days after notification shall have been made by the holder to the Confederate Government the quantity of cotton specified in the bond shall be placed at his disposal in whatever port of the Confederacy he may select, provided that port be not at the time in the power of the Federal States. These bonds are generally for 25,0001 b. weight of cotton, the value to be paid in cash, calculated at 6d. per lb. weight. The purchaser may receive the cotton in the port he fixes on, and there place it in store or export it at his own risk and peril. BOURSE, Mareh 16.—The quarterly coupon of 76 centimes has been detached to-day from the Three per Cents. The market is heavy, and quotations are rather lower, Threes being now at 691. 5c ; Italian Loan firm at 70f. 50c. Little doing in Railway Shares. The market left off as follows: II per Cent 5....... ea 75 Bank Shares 3'Bo -Do end month.... Credit Fancier 1470 3 per Cents ...... 68 90 Italian Loan 7O 40 Do. end month,... h• • • 68 75 Do. end month 7O 20 New 3 per Cents Russian Do. end month.... Austrian Credit N 1225 Spanish Three,, — Do, end reenth....1225 home Debt